Document:

Exhibit 10.1

EIGHTEENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

THIS EIGHTEENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of June 28, 2019 is by and among CELADON GROUP, INC. (the “Borrower”), the Guarantors identified on the signature pages hereto, the Lenders identified on the signature pages hereto and BANK OF AMERICA, N.A., in its capacity as Administrative Agent (in such capacity, the “Administrative Agent”).

W I T N E S S E T H

A.          Certain credit facilities have been provided to the Loan Parties pursuant to that certain Amended and Restated Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the “Credit Agreement”) dated as of December 12, 2014 by and among the Borrower, the Guarantors identified therein, the Lenders identified therein and the Administrative Agent.

B.          The Borrower has prepared and delivered to the Administrative Agent and the Lenders the Eighteenth Amendment Budget (as defined in the Credit Agreement as amended hereby).

C.          The Borrower has requested that the Administrative Agent and Lenders make certain modifications to the Credit Agreement.

D.          The Lenders have agreed to do so on the terms and conditions set forth in this Amendment.

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

1.          Defined Terms.  Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement.

2.          Estoppel, Acknowledgement and Reaffirmation.  The undersigned Loan Parties hereby acknowledge and agree that, as of the date hereof, the Outstanding Amount of the Committed Loans and L/C Obligations constitute valid and subsisting obligations of such Loan Parties to the Lenders that are not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind.  The undersigned Loan Parties hereby acknowledge the Loan Parties’ obligations under the respective Loan Documents to which they are party.  Each of the undersigned Loan Parties hereby (i) acknowledges that it has granted Liens in favor of the Administrative Agent pursuant to, and is a party to, the Collateral Documents (including, with respect to certain Guarantors, pursuant to the Joinder Agreements executed by such Guarantors); (ii) reaffirms that each of the Liens created and granted in or pursuant to the Collateral Documents is valid and subsisting as of the date hereof; (iii) agrees that such Liens shall continue in effect as security for all Obligations; and (iv) agrees that this Amendment shall in no manner impair or otherwise adversely affect such Liens.

3.          Audit Events.

(a)          The Administrative Agent and the Lenders hereby acknowledge and agree that, until the earlier of (x) July 31, 2019 and (y) such time as the Borrower has received a determination from its auditors that the financial statements of the Borrower as delivered prior to the date hereof impacted by the Audit Events (as defined in that certain Eighth Amendment to Credit Agreement dated as of March 30, 2018 by and among the parties hereto), or as the same may be restated as deemed necessary by its auditors, can be relied upon, notice of which shall be provided to the Administrative Agent promptly and in any event within one (1) Business Day:

 

 

(i)          any representations and warranties as to preparation of financial statements of the Borrower in accordance with GAAP made or deemed to be made by the Loan Parties in connection with the delivery of (x) such financial statements under Sections 6.01(a), 6.01(b), and 6.02(o) of the Credit Agreement or (y) a Request for Credit Extension delivered under Section 4.02(c) of the Credit Agreement, shall be deemed to be qualified in their entirety by reference to and disclosure of the Audit Events, and no such representation or warranty shall be deemed untrue solely as a result of the occurrence of the Audit Events;

(ii)          the delivery of annual financial statements for Borrower’s fiscal years ended June 30, 2017 and 2018 that are not audited and not accompanied by a report and opinion of an independent certified public accountant shall not, in and of itself, constitute a failure to satisfy the requirements set forth in Section 6.01(a) of the Credit Agreement; and

(iii)          the existence of the Audit Events shall not, in and of itself, constitute a failure to satisfy the condition precedent set forth in Section 4.02(a) of the Credit Agreement.

(b)          Prior to July 31, 2019, the Loan Parties shall not make any Investment pursuant to Section 7.02(e) or (f) of the Credit Agreement, except for the following in an aggregate amount not to exceed $4,000,000 at any one time outstanding: (i) payroll, settlement, and similar advances to employees, drivers (including independent contractors), consultants or other service providers to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes; (ii) reasonable and customary advances of relocation expenses to employees and repair expense to independent contractors in the ordinary course of business; and (iii) advances to the Borrower’s Mexican Subsidiaries in the ordinary course of business based on accounts receivable generated by such Subsidiaries not to exceed $750,000 at any one time outstanding.

4.          Amendments to Credit Agreement.  Subject to the satisfaction of the conditions precedent set forth below, the Credit Agreement is hereby amended as follows:

(a)          Section 1.01 of the Credit Agreement is hereby amended by deleting the following definitions in their entirety and substituting the following therefor:

“L/C Expiration Date” means October 31, 2020.

“Maturity Date” means July 31, 2019.

“Maximum Borrowing Amount” means $94,000,000, as such amount may be subsequently reduced from time to time pursuant to Section 2.05 or increased up to an amount not to exceed $96,000,000 with the written consent of the Required Lenders.

“Maximum Outstanding Amount” means $122,869,000, as such amount may be subsequently reduced from time to time pursuant to Section 2.05 or increased up to an amount not to exceed $124,869,000 with the written consent of the Required Lenders.

(b)          Section 1.01 of the Credit Agreement is hereby amended by adding the following new definitions in the appropriate alphabetical order:

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“Eighteenth Amendment Budget” means the detailed weekly budget for the Loan Parties prepared by the Borrower and delivered to the Administrative Agent prior to the Eighteenth Amendment Effective Date, as the same may be amended or otherwise modified from time to time with the consent of the Required Lenders.

“Eighteenth Amendment Effective Date” means June 28, 2019.

(c)          Section 2.09(e) of the Credit Agreement is hereby amended by replacing the proviso at the end of such section with the following proviso:

provided, that the monthly commitment fees that would otherwise be due and payable on March 1, 2019, April 1, 2019, May 1, 2019, June 1, 2019 and July 1, 2019 shall be due and payable upon the earliest to occur of (i) any Event of Default, (ii) repayment in full of all other Obligations under the Credit Agreement and (iii) the Maturity Date.

(d)          Section 6.02(k) of the Credit Agreement is hereby amended and restated in its entirety as follows:

(k)          prior to 4:00 pm Eastern time on the third Business Day of each calendar week, (1) a report reconciling actual cash flows for the Borrower and its Subsidiaries for the preceding calendar week with (i) the previously-delivered weekly forecast and (ii) the Seventeenth Amendment Budget or Eighteenth Amendment Budget, as applicable; (2) a report reconciling actual cash flows for the Borrower and its Subsidiaries for the period from the Seventeenth Amendment Effective Date through the end of the previous calendar week with the amounts forecasted in the Seventeenth Amendment Budget and Eighteenth Amendment Budget; and (3) a report listing (i) all Vehicles, excluding Lien Prohibited Vehicles, for which Lien Vehicle Documentation has not been delivered to the Administrative Agent’s designee as of the end of the preceding calendar week and (ii) all Vehicles for which Lien Vehicle Documentation has been delivered to the Administrative Agent’s designee during the preceding calendar week for the purpose of satisfying the requirements of Section 6.17;

(e)          Section 6.11 of the Credit Agreement is hereby amended by adding the following sentence to the end of such section:

Until all Obligations have been repaid in full and all Commitments have been terminated, the Loan Parties shall use the proceeds of the Credit Extensions and the Collateral to pay only the categories of expenses of the Loan Parties, and to issue only the Letters of Credit, in each case, as set forth in the Eighteenth Amendment Budget; provided that the foregoing shall not be construed as limiting the Loan Parties’ right, subject to the other applicable terms and conditions of the Loan Documents, to pay items not included in the Eighteenth Amendment Budget from any sources other than Credit Extensions made by the Lenders or the proceeds of the Collateral.

(f)          Section 6.12 of the Credit Agreement is hereby amended and restated in its entirety as follows:

6.12          Compliance with Seventeenth Amendment Budget and Eighteenth Amendment Budget.

(a)          Not permit total cash disbursements of the Loan Parties (excluding disbursements (i) to the purchaser of Disposition B assets in an amount not to exceed receipts from customers of the Disposition B business for services provided by the Disposition B business; (ii) to providers of equipment lease financing in respect of full or partial “lease buyouts” corresponding to, and in an amount not to exceed, the Net Cash Proceeds received by the applicable Loan Party in connection with the Disposition of the financed equipment; (iii) made by Mexican Loan Parties or Canadian Loan Parties in the ordinary course of business consistent with disbursements of such parties prior to the Seventeenth Amendment Effective Date; and (iv) for fees and costs of the Agent Financial Advisor and counsels to the Administrative Agent and Lenders) determined as of the end of any calendar week, commencing with the calendar week ending June 7, 2019, to exceed the projected amounts in the Seventeenth Amendment Budget by (x) more than 5% with respect to any Seventeenth Amendment Budget line item for professional fee disbursements for the period from the Seventeenth Amendment Effective Date through the end of such calendar week or (y) more than 10% with respect to total disbursements for such week; provided that, for purposes of this clause (y) only, any amount budgeted to be disbursed but not actually disbursed during any week can be carried forward to the following week as budgeted disbursement for such week.

 

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(b)          Not permit total cash disbursements of the Loan Parties (excluding disbursements (i) to the purchaser of Disposition B assets in an amount not to exceed receipts from customers of the Disposition B business for services provided by the Disposition B business; (ii) to providers of equipment lease financing in respect of full or partial “lease buyouts” corresponding to, and in an amount not to exceed, the Net Cash Proceeds received by the applicable Loan Party in connection with the Disposition of the financed equipment; (iii) made by Mexican Loan Parties or Canadian Loan Parties in the ordinary course of business consistent with disbursements of such parties prior to the Eighteenth Amendment Effective Date; and (iv) for fees and costs of the Agent Financial Advisor and counsels to the Administrative Agent and Lenders) determined as of the end of any calendar week, commencing with the calendar week ending July 5, 2019, to exceed the projected amounts in the Eighteenth Amendment Budget by (x) more than 5% with respect to any Eighteenth Amendment Budget line item for professional fee disbursements for the period from the Eighteenth Amendment Effective Date through the end of such calendar week or (y) more than 10% with respect to total disbursements for such week; provided that, for purposes of this clause (y) only, any amount budgeted to be disbursed but not actually disbursed during any week can be carried forward to the following week as budgeted disbursement for such week.

5.          Deferral of Twelfth Amendment Fee Payments.  The payments in respect of the Twelfth Amendment Fee that were originally due and payable under Section 5 of the Twelfth Amendment on April 1, 2019, May 1, 2019 and June 3, 2019 shall be due and payable upon the earliest to occur of (i) any Event of Default, (ii) repayment in full of all other Obligations under the Credit Agreement and (iii) the Maturity Date (as amended hereby).

6.          Conditions Precedent.  This Amendment shall become effective as of the date hereof upon the satisfaction (or waiver by the Administrative Agent with the consent of the Lenders) of the following conditions precedent:

(a)          receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Borrower, the Guarantors (excluding the Mexican Loan Parties), each Lender and the Administrative Agent;

 

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(b)          receipt by the Administrative Agent of a certificate signed by a Responsible Officer of the Borrower attaching a copy of the Eighteenth Amendment Budget in form, detail and substance acceptable to the Lenders;

(c)          receipt by the Administrative Agent of opinions of legal counsel to the Borrower in form and substance reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, dated as of the date hereof; and

(d)          receipt by the Administrative Agent of a certificate of each Loan Party (excluding the Mexican Loan Parties) dated as of the date hereof signed by a Responsible Officer of such Loan Party (A) certifying and attaching resolutions adopted by the board of directors or equivalent governing body of such Loan Party approving this Amendment and (B) in the case of the Borrower, certifying that, after giving effect to this Amendment, (1) the representations and warranties of each Loan Party contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, in each case, other than with respect to the Audit Events (as defined in that certain Eighth Amendment to Credit Agreement dated as of March 30, 2018 by and among the parties hereto), and (2) no Default exists after giving effect to this Amendment.

7.          Payment of Fees and Expenses.  Without limiting the Loan Parties’ obligations under Section 11.04 of the Credit Agreement, the Borrower shall, promptly, and in any event within 5 Business Days of demand therefor, reimburse (i) the Administrative Agent for all fees and expenses of the Administrative Agent (including without limitation, all fees and expenses of US, Mexican and Canadian counsel to the Administrative Agent and financial advisors to the Administrative Agent and all appraisal, inspection and other costs incurred by the Administrative Agent) and (ii) each Lender for all reasonable out-of-pocket travel expenses of, and fees and expenses of counsel to, such Lender, in each case, incurred in connection with the Loan Documents, including without limitation this Amendment.

8.          Release.  In consideration of the Administrative Agent’s and the Lenders’ willingness to enter into this Amendment, each of the undersigned Loan Parties hereby releases and forever discharges the Administrative Agent, the Lenders and each of the Administrative Agent’s and the Lenders’ predecessors, successors, assigns, officers, managers, directors, employees, agents, attorneys, representatives, and affiliates (hereinafter all of the above collectively referred to as the “Lender Group”), from any and all claims, counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any nature whatsoever, in each case to the extent arising in connection with the Loan Documents or any of the negotiations, activities, events or circumstances arising out of or related to the Loan Documents through the date of this Amendment, whether arising at law or in equity, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted, which any of the undersigned Loan Parties may have or claim to have against any entity or other Person within the Lender Group.

9.          Amendment is a “Loan Document”.  This Amendment is a Loan Document and all references to a “Loan Document” in the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment.

 

 

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10.          Representations and Warranties; No Default.  Each undersigned Loan Party represents and warrants to the Administrative Agent and each Lender that (a) any forecasts of cash flows and other projections delivered to the Administrative Agent or any Lender prior to the date hereof reflect the Borrower’s good faith estimate of the matters described therein, (b) the representations and warranties of each undersigned Loan Party contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, in each case, other than with respect to the Audit Events, and (c) after giving effect to this Amendment, no Default exists, including without limitation any Default under Section 8.01(e) of the Credit Agreement.

11.          No Other Changes.  Except as modified hereby, all of the terms and provisions of the Loan Documents shall remain in full force and effect.  This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.  This Amendment, the Credit Agreement and the other Loan Documents represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties.

12.          Counterparts; Delivery.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic imaging means shall be effective as an original.

13.          Amendment, Modification and Waiver.  This Amendment may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

14.          Governing Law.  This Amendment shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of Indiana.

[SIGNATURE PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Eighteenth Amendment to Amended and Restated Credit Agreement to be duly executed as of the date first above written.

	
BORROWER:

	
CELADON GROUP, INC.

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	
GUARANTORS:

	
CELADON TRUCKING SERVICES, INC.

	 	 	 
	 	
By:

	
/s/ Vincent Donargo

	 	
Name:

	
Vincent Donargo

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
CELADON LOGISTICS SERVICES, INC.

	 	 	 
	 	
By:

	
/s/ Vincent Donargo

	 	
Name:

	
Vincent Donargo

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
QUALITY EQUIPMENT LEASING, LLC

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	
CELADON E-COMMERCE, INC.

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	OSBORN TRANSPORTATION, INC.  
	 	 	 
	 	By:	/s/ Paul Svindland
	 	Name:	Paul Svindland
	 	Title:	Chief Executive Officer
	 	 	 
	 	 	 
	 	CELADON CANADIAN HOLDINGS, LIMITED
	 	 	 
	 	By:	/s/ Paul Svindland
	 	Name:	Paul Svindland
	 	Title:	Chief Executive Officer

 

 

 

CELADON GROUP, INC.

EIGHTEENTH AMENDMENT

	
GUARANTORS:

	
HYNDMAN TRANSPORT LIMITED

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	BEE LINE, INC.  
	 	 	 
	 	By:	/s/ Vincent Donargo
	 	Name: 	Vincent Donargo
	 	Title:	Chief Financial Officer
	 	 	 
	 	 	 
	 	
CELADON REALTY, LLC

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	
DISTRIBUTION, INC.

	 	 	 
	 	
By:

	
/s/ Vincent Donargo

	 	
Name:

	
Vincent Donargo

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
EAGLE LOGISTICS SERVICES INC.

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	QUALITY COMPANIES LLC 
	 	 	 
	 	By:	/s/ Paul Svindland
	 	Name:	Paul Svindland 
	 	Title: 	Chief Executive Officer

  

CELADON GROUP, INC.

EIGHTEENTH AMENDMENT

	GUARANTORS:	
TAYLOR EXPRESS, INC.

	 	 	 
	 	
By:

	
/s/ Vincent Donargo

	 	
Name:

	
Vincent Donargo

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
QUALITY INSURANCE LLC

	 	 	 
	 	
By:

	
/s/ Vincent Donargo

	 	
Name:

	
Vincent Donargo

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	VORBAS, LLC 
	 	 	 
	 	By:	/s/ Vincent Donargo
	 	Name: 	
Vincent Donargo

	 	Title: 	
Chief Financial Officer

 

 

CELADON GROUP, INC.

EIGHTEENTH AMENDMENT

	
ADMINISTRATIVE AGENT:

	
BANK OF AMERICA, N.A., as Administrative Agent

	 	 	 
	 	
By:

	
/s/ Andrew J. Maidman

	 	
Name:

	
Andrew J. Maidman

	 	
Title:

	
Senior Vice President

	 	 	 
	
LENDERS:

	
BANK OF AMERICA, N.A., as a Lender

	 	 	 
	 	 	 
	 	
By:

	
/s/ Andrew J. Maidman

	 	
Name:

	
Andrew J. Maidman

	 	
Title:

	
Senior Vice President

	 	 	 
	 	 	 
	 	
WELLS FARGO BANK, N.A., as a Lender

	 	 	 
	 	 	 
	 	
By:

	
/s/ Thomas J Zak

	 	
Name:

	
Thomas J Zak

	 	
Title:

	
Senior Vice President

	 	 	 
	 	 	 
	 	
CITIZENS BANK, N.A., as a Lender

	 	 	 
	 	 	 
	 	
By:

	
/s/ Chelsea Brophy

	 	
Name:

	
Chelsea Brophy

	 	
Title:

	
Associate

 

 

CELADON GROUP, INC.

EIGHTEENTH AMENDMENT

Back to Form 8-KEX-10.1

 Exhibit 10.1 

Execution Version 

FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

This FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of
June 28, 2019, is by and among AMERICAN MIDSTREAM, LLC, a Delaware limited liability company (the “AMID Borrower”), BLACKWATER INVESTMENTS, INC., a Delaware corporation (the “Blackwater Borrower”
and, together with the AMID Borrower, the “Borrowers”), AMERICAN MIDSTREAM PARTNERS LP, a Delaware limited partnership (“Parent”), the other Loan Parties party hereto, BANK OF AMERICA, N.A., as
administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”) for the lenders party to the Original Credit Agreement referred to below (the “Lenders”), and the
Lenders party hereto. 
 R E C I T A L S 

A. The Borrowers, Parent, the Lenders, the Administrative Agent and the other agents referred to therein entered into that certain Second
Amended and Restated Credit Agreement dated as of March 8, 2017 (as modified by that certain Letter Agreement (Consent) dated as of July 21, 2017, that certain Letter Agreement (Consent) dated as of September 29, 2017, that certain
Letter Agreement (Consent) dated as of February 20, 2018, that certain Letter Agreement (Consent) dated as of March 29, 2018, that certain Letter Agreement (Consent) dated as of June 22, 2018, that certain First Amendment to Second
Amended and Restated Credit Agreement dated as of June 29, 2018, that certain Second Amendment to Second Amended and Restated Credit Agreement dated as of December 27, 2018, that certain Third Amendment to Second Amended and Restated
Credit Agreement, dated as of April 5, 2019 (the “Third Amendment”), and as further amended, restated, supplemented or modified prior to the date hereof, and as waived by that certain Letter Agreement dated as of the
March 22, 2019, the “Original Credit Agreement” and, the Original Credit Agreement as amended by this Amendment, the “Credit Agreement”), pursuant to which the Lenders have made certain Loans and provided
certain Commitments (subject to the terms and conditions thereof) to the Borrowers. 
 B. The Borrowers have requested that the Original
Credit Agreement and the Third Amendment be amended as of the Fourth Amendment Effective Date (as defined below) to revise certain covenants contained in the Original Credit Agreement and to make certain other changes as more fully described herein.

 C. The Lenders signatory hereto and the Administrative Agent are willing to amend the Original Credit Agreement and the Third Amendment,
as of the Fourth Amendment Effective Date, as more fully described herein, and upon satisfaction of the conditions set forth herein, this Amendment shall become effective. 

 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 article, schedule, exhibit and section references in this Amendment refer to articles, schedules, exhibits and sections of the Original Credit Agreement. 

Section 2. Fourth Amendment Effective Date Amendments to Original Credit Agreement. As of and subject to the
occurrence of the Fourth Amendment Effective Date, the Original Credit Agreement is hereby amended as follows:  

2.1 Amendments to Section 7.19 (Financial Covenants) of the Original Credit Agreement. Section 7.19(b) is
amended and restated in its entirety as follows: 
 (b) Consolidated Total Leverage Ratio. Permit the Consolidated
Total Leverage Ratio as of the end of any fiscal quarter of Parent to be greater than the ratio set forth below for such fiscal quarter then ending. 
  

					
	 Fiscal Quarter

Ending
	  	 Consolidated Total Leverage Ratio

	 June 30, 2018
	  	6.15:1.00
	 September 30, 2018
	  	6.25:1.00
		  	If the Disposition contemplated by the Refined Products Sale Consent has occurred on or prior to December 31, 2018	  	If the Disposition contemplated by the Refined Products Sale Consent has not occurred on or prior to December 31, 2018
	 December 31, 2018
	  	6.25:1.00	  	6.50:1.00
	 March 31, 2019
	  	6.50:1.00	  	6.50:1.00
	 June 30, 2019 and thereafter
	  	6.00:1.00	  	6.00:1.00

 Section 3. Fourth Amendment Effective Date Amendments to Third Amendment. 

3.1 Amendments to Section 2.1(f) of the Third Amendment. Section 2.1(f) of the Third Amendment is amended by
deleting the definition of “Anchor Parent” in its entirety and by adding the following definition where alphabetically appropriate: 

“Third Coast Parent” means Third Coast Midstream Holdings, LLC, a Delaware limited liability company (as successor-in-interest to American Midstream GP, LLC). 
 3.2
Amendments to Sections 2.2, 2.4(b), 2.9 and 2.12(b) of the Third Amendment. Sections 2.2, 2.4(b), 2.9 and 2.12(b) of the Third Amendment are amended by replacing each reference therein to “Anchor Parent” with the phrase “Third
Coast Parent”. 

  
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 Section 4. Conditions Precedent to Fourth Amendment Effective Date.
This Amendment and the amendments set forth in Sections 2 and 3 of this Amendment shall become effective on the date (the “Fourth Amendment Effective Date”) on which the following condition is satisfied (or waived in
accordance with Section 10.01 of the Original Credit Agreement): 
 4.1 Amendment Counterparts. The
Administrative Agent shall have received executed counterparts (in such number as may be requested by the Administrative Agent) of this Amendment from the Administrative Agent, the Collateral Agent, the L/C Issuers, the Required Lenders and the Loan
Parties. 
 For purposes of determining compliance with the conditions specified in this Section 4, each Lender that has signed
this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative
Agent shall have received notice from such Lender prior to the Fourth Amendment Effective Date specifying its objection thereto. 

Section 5. Miscellaneous. 

5.1 Confirmation. The provisions of the Loan Documents, as amended by this Amendment, shall remain in full force and effect in
accordance with their terms following the effectiveness of this Amendment. 
 5.2 Ratification and Affirmation; Representations and
Warranties. Each of the undersigned Loan Parties does hereby adopt, ratify, and confirm each Loan Document to which it is a party, as amended hereby, and its obligations thereunder. Each of the Loan Parties hereby (a) 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: (i) as of the Fourth Amendment Effective Date, after giving effect to the terms of this Amendment, all of the representations and warranties contained in each Loan
Document to which it is a party are true and correct in all material respects (except for such representations and warranties that have a materiality or Material Adverse Effect qualification, which shall be true and correct in all respects), 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 in all material respects (except for such representations and
warranties that have a materiality or Material Adverse Effect qualification, which shall be true and correct in all respects) as of such specified earlier date and (ii) (A) as of the Fourth Amendment Effective Date, no Default has occurred and
is continuing and (B) immediately after giving effect to this Amendment, no Default will have occurred and be continuing. 
 5.3 Loan
Document. This Amendment and each agreement, instrument, certificate or document executed by the Borrowers and the Guarantors or any of their respective officers in connection herewith are “Loan Documents” as defined and described in
each of the Original Credit Agreement and the Credit Agreement, and all of the terms and provisions of the Loan Documents relating to other Loan Documents shall apply hereto and thereto. 

  
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 5.4 Counterparts. This 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 Amendment by facsimile or other electronic transmission shall be effective as delivery of
a manually executed counterpart hereof. 
 5.5 Release. Each of the Loan Parties, on its behalf and on behalf of its subsidiaries
(collectively, the “Releasing Parties”), hereby acknowledges and stipulates that as of the Fourth Amendment Effective Date, none of the Releasing Parties has any claims or causes of action of any kind whatsoever under or in
connection with the Loan Documents against the Administrative Agent, any Lender, any of their Affiliates or any of their respective officers, directors, employees, agents, attorneys or representatives, or against any of their respective
predecessors, successors or assigns (each of the foregoing, collectively, the “Released Parties”). To the extent permitted by law, each of the Releasing Parties hereby forever releases, remises, discharges and holds harmless the
Released Parties from any and all claims, causes of action, demands and liabilities of any kind whatsoever, whether direct or indirect, fixed or contingent, liquidated or nonliquidated, disputed or undisputed, known or unknown, that 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, in each case under or in connection with the Loan Documents, through the Fourth Amendment Effective Date; provided
that the foregoing release, remise, discharge and hold harmless shall not restrict any defense or limitation available to the Borrowers under the applicable provisions of the Credit Agreement with respect to such expense reimbursement or
indemnification. 
 5.6 NO ORAL AGREEMENT. THIS AMENDMENT, THE ORIGINAL CREDIT AGREEMENT AND/OR THE CREDIT AGREEMENT (AS APPLICABLE)
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. 
 5.7 GOVERNING LAW. THIS 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. 
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 4 

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

			
	AMERICAN MIDSTREAM PARTNERS LP
	By:	 	American Midstream GP, LLC, its sole general partner
	AMERICAN MIDSTREAM, LLC
	AMERICAN MIDSTREAM FINANCE CORPORATION
	AMERICAN MIDSTREAM MARKETING, LLC
	AMERICAN MIDSTREAM (ALABAMA GATHERING), LLC
	AMERICAN MIDSTREAM (ALABAMA INTRASTATE), LLC
	AMERICAN MIDSTREAM (ALATENN), LLC
	AMERICAN MIDSTREAM (LOUISIANA INTRASTATE), LLC
	AMERICAN MIDSTREAM (MISSISSIPPI), LLC
	AMERICAN MIDSTREAM (SIGCO INTRASTATE), LLC
	AMERICAN MIDSTREAM (TENNESSEE RIVER), LLC
	AMERICAN MIDSTREAM ONSHORE PIPELINES, LLC
	AMERICAN MIDSTREAM OFFSHORE (SEACREST), LP, 
	By:	 	American Midstream, LLC, its general partner
	AMERICAN MIDSTREAM (BURNS POINT), LLC
	AMERICAN MIDSTREAM CHATOM, LLC
	AMERICAN MIDSTREAM CHATOM UNIT 1, LLC
	AMERICAN MIDSTREAM CHATOM UNIT 2, LLC
	AMERICAN MIDSTREAM MADISON, LLC
	HIGH POINT GAS TRANSMISSION HOLDINGS, LLC
	HIGH POINT GAS TRANSMISSION, LLC
	HIGH POINT GAS GATHERING HOLDINGS, LLC
	HIGH POINT GAS GATHERING, L.L.C.
	AMERICAN MIDSTREAM (LAVACA), LLC
	CENTANA GATHERING, LLC
	CENTANA OIL GATHERING, LLC
	AMERICAN MIDSTREAM REPUBLIC, LLC
	AMERICAN MIDSTREAM COSTAR, LLC
	AMERICAN MIDSTREAM GAS SOLUTIONS, LP
	By:	 	American Midstream Gas Solutions GP, LLC, its general partner

  
 Signature Page to Fourth
Amendment 

			
	AMERICAN MIDSTREAM GAS SOLUTIONS GP, LLC
	AMERICAN MIDSTREAM GAS SOLUTIONS LP, LLC
	AMERICAN MIDSTREAM BAKKEN, LLC
	AMERICAN MIDSTREAM PERMIAN, LLC
	AMERICAN MIDSTREAM EAST TEXAS RAIL LLC
	AMERICAN MIDSTREAM DELTA HOUSE, LLC
	AMERICAN MIDSTREAM MESQUITE, LLC
	AMERICAN MIDSTREAM TRANSTAR GAS PROCESSING, LLC
	AMERICAN MIDSTREAM AMPAN, LLC
	AMERICAN MIDSTREAM EMERALD, LLC
	AMERICAN MIDSTREAM PINEY WOODS, LLC
	AMERICAN MIDSTREAM MIDLA RECONFIGURATION, LLC
	D-DAY OFFSHORE HOLDINGS, LLC
	PAM ACQUISITION COMPANY, LLC
	PANTHER PIPELINE, LLC
	PANTHER OFFSHORE GATHERING SYSTEMS, LLC
	PANTHER OPERATING COMPANY, LLC
	MAIN PASS OIL GATHERING COMPANY, LLC
	AMERICAN PANTHER, LLC
		
	By:	 	/s/ Eric T. Kalamaras
		 	Eric T. Kalamaras
		 	Senior Vice President and Chief Financial Officer

  
 Signature Page to Fourth
Amendment 

 
			
	AMERICAN MIDSTREAM BLACKWATER, LLC
	BLACKWATER INVESTMENTS, INC.
	BLACKWATER MARYLAND, L.L.C.
	ARGO MERGER GP SUB, LLC
	AMID MERGER LP
	By: Argo Merger GP Sub, LLC, its general partner
	AMID CRUDE OIL SERVICES LLC
	AMID PAYMENT SERVICES LLC
	AMID ENERGY PRODUCTS SUPPLY LLC
	AMID CRUDE TRUCKING LLC
	AMID CRUDE OIL STORAGE LLC
	AMID SILVER DOLLAR PIPELINE LLC
	AMID ST. CROIX LLC
	AMID LIQUIDS TRUCKING LLC
		
	By:	 	/s/ Eric T. Kalamaras
		 	Eric T. Kalamaras
		 	Senior Vice President and Chief Financial Officer

  
 Signature Page to Fourth
Amendment 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent
		
	By	 	/s/ Chris DiBiase
		 	Name: Chris DiBiase
		 	Title: Director

  
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Amendment 

 
			
	BANK OF AMERICA, N.A., as Lender and L/C Issuer
		
	By	 	/s/ Chris DiBiase
		 	Name: Chris DiBiase
		 	Title: Director

  
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Amendment 

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Scott Mackey
		 	Name: Scott Mackey
		 	Title: Director

  
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Amendment 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	/s/ Benjamin L. Brown
		 	Name: Benjamin L. Brown
		 	Title: Director

  
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Amendment 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	/s/ Jeff Ogden
		 	Name: Jeff Ogden
		 	Title: Managing Director

  
 Signature Page to Fourth
Amendment 

 
			
	BBVA USA F/K/A COMPASS BANK, as a Lender
		
	By:	 	/s/ Rachel Festervand
		 	Name: Rachel Festervand
		 	Title: Sr. Vice President

  
 Signature Page to Fourth
Amendment 

 
			
	BMO HARRIS BANK N.A., as a Lender
		
	By:	 	/s/ Melissa Guzmann
		 	Name: Melissa Guzmann
		 	Title: Director

  
 Signature Page to Fourth
Amendment 

 
			
	CADENCE BANK, N.A., as a Lender
		
	By:	 	/s/ Randy Petersen
		 	Name: Randy Petersen
		 	Title: Executive Vice President

  
 Signature Page to Fourth
Amendment 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	/s/ Thomas Benavides
		 	Name: Thomas Benavides
		 	Title: Director

  
 Signature Page to Fourth
Amendment 

 
			
	NATIXIS, NEW YOK BRANCH, as a Lender
		
	By:	 	/s/ Jarret Price
		 	Name: Jarret Price
		 	Title: Director
		
	By:	 	/s/ Vikram Nath
		 	Name: Vikram Nath
		 	Title: Director

  
 Signature Page to Fourth
Amendment 

 
			
	NBH BANK, as a Lender
		
	By:	 	/s/ Sarah E. Burchett
		 	Name: Sarah E. Burchett
		 	Title: Managing Director

  
 Signature Page to Fourth
Amendment 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	/s/ Shai Bandner
		 	Name: Shai Bandner
		 	Title: Director
		
	By:	 	/s/ My Nguyen
		 	Name: My Nguyen
		 	Title: Analyst

  
 Signature Page to Fourth
Amendment 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	/s/ Jason York
		 	Name: Jason York
		 	Title: Authorized Signatory

  
 Signature Page to Fourth
Amendment 

 
			
	COMERICA BANK, as a Lender
		
	By:	 	/s/ Cynthia B. Jones
		 	Name: Cynthia B. Jones
		 	Title: Vice President

  
 Signature Page to Fourth
Amendment 

 
			
	UBS AG STAMFORD BRANCH, as a Lender
		
	By:	 	/s/ Kenneth Chin
		 	Name: Kenneth Chin
		 	Title: Director
		
	By:	 	/s/ Darlene Arias
		 	Name: Darlene Arias
		 	Title: Director

  
 Signature Page to Fourth
Amendment

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