Document:

Exhibit 10.2

 

FIRST AMENDMENT

TO

SERIES B UNIT PURCHASE AGREEMENT

 

This FIRST AMENDMENT TO SERIES B UNIT PURCHASE AGREEMENT, dated as of January 31, 2014 (this “Agreement”), is entered into by and among American Midstream Partners, LP, a Delaware limited partnership (“AMID”), American Midstream GP, LLC, a Delaware general partnership (“American Midstream GP”), and High Point Infrastructure Partners, LLC, a Delaware limited liability company (“HPIP,” and along with American Midstream GP, the “Purchasers”).  Any capitalized term used and not defined herein shall have the meaning assigned to such term in that certain Series B Unit Purchase Agreement, by and among AMID and the Purchasers, dated January 22, 2014 (the “Purchase Agreement”).

 

WHEREAS, pursuant to the Purchase Agreement, AMID agreed to issue and sell to the Purchasers, and the Purchasers agreed to purchase from AMID, their respective percentage of Purchased Units as set forth in Schedule A to the Purchase Agreement; and

 

WHEREAS, AMID and the Purchasers desire to amend the Purchase Agreement so that American Midstream GP will purchase 100% of the Purchased Units and HPIP will purchase none of the Purchased Units.

 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, AMID and the Purchasers hereby agree as follows:

 

1. Schedule A.  Schedule A of the Purchase Agreement is hereby amended and restated in its entirety as follows:

 

	
Purchaser
    	
 
    	
Percentage of Purchased
   Units
    	
 
    	
Contact Information
    
	
American Midstream GP, LLC
    	
 
    	
100
    	
 
    	
1614 15th Street, Suite 300 

Denver, Colorado 80202 

Attention: William B. Mathews 

Telephone: (720) 457-6075 

Facsimile: (720) 457-6040
    

 

2. Effectuation. The amendment contemplated by this Agreement shall be deemed effective immediately upon the execution of this Agreement by the parties hereto. There are no conditions precedent or subsequent to the effectiveness of this Agreement.

 

3. Effect on Agreement. Except as specifically modified herein, the Purchase Agreement shall continue to be in full force and effect. The execution and delivery of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any party thereto. From and after the date hereof, all references in the Purchase Agreement to the “Agreement” shall mean the Purchase Agreement as modified by this Agreement.

 

 

4. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement.

 

5. Severability. If any provision in the Agreement is held to be illegal, invalid, not binding, or unenforceable, such provision shall be fully severable and the Agreement shall be construed and enforced as if such illegal, invalid, not binding, or unenforceable provision had never comprised a part of the Agreement, and the remaining provisions shall remain in full force and effect.

 

6. Further Assurances. Each party to this Agreement shall execute and deliver such documents and shall take such actions as may be reasonably necessary or desirable to effect the transactions described in this Agreement.

 

7. Governing Law. This Agreement will be construed in accordance with and governed by the laws of the State of New York.

 

[Signature pages follow.]

 

 

IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date first above written.

 

 

	
 
    	
American Midstream Partners, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By: American Midstream GP, LLC
    
	
 
    	
Its General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Daniel C. Campbell
    
	
 
    	
Name:
    	
Daniel C. Campbell
    
	
 
    	
Title: 
    	
Senior Vice President and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
American Midstream GP, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Daniel C. Campbell
    
	
 
    	
Name: 
    	
Daniel C. Campbell
    
	
 
    	
Title: 
    	
Senior Vice President and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
High Point Infrastructure Partners, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Daniel R. Revers
    
	
 
    	
Name: 
    	
Daniel R. Revers
    
	
 
    	
Title: 
    	
President
    

 

Signature Page to First Amendment to Unit Purchase AgreementExhibit 10.1

	
 
    	
 
    	
 
    

 

FIRST AMENDMENT

TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

AMONG

 

LAREDO PETROLEUM, INC.,

as Borrower,

 

WELLS FARGO BANK, N.A.,

as Administrative Agent,

 

THE GUARANTORS SIGNATORY HERETO,

 

AND

 

THE BANKS SIGNATORY HERETO

	
 
    	
 
    	
 
    

 

 

FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

This FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”), dated as of January 31, 2014 (the “First Amendment Effective Date”), is among LAREDO PETROLEUM, INC., a corporation formed under the laws of the State of Delaware (“Borrower”); each of the undersigned guarantors (the “Guarantors”, and together with Borrower, the “Credit Parties”); each of the Banks party hereto; and WELLS FARGO BANK, N.A., as administrative agent for the Banks (in such capacity, together with its successors, “Administrative Agent”).

 

Recitals

 

A.            Borrower, Administrative Agent and the Banks are parties to that certain Fourth Amended and Restated Credit Agreement dated as of December 31, 2013 (as amended prior to the date hereof, the “Credit Agreement”), pursuant to which the Banks have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of Borrower.

 

B.            The parties hereto desire to enter into this First Amendment to amend certain terms of the Credit Agreement as set forth herein, to be effective as of the First Amendment Effective Date.

 

C.            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 which is defined in the Credit Agreement, but which is not defined in this First Amendment, shall have the meaning ascribed to such term in the Credit Agreement (as amended hereby).  Unless otherwise indicated, all section references in this First Amendment refer to the Credit Agreement.

 

Section 2.              Amendments to Credit Agreement.  In reliance on the representations, warranties, covenants and agreements contained in this First Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Credit Agreement shall be amended effective as of the First Amendment Effective Date in the manner provided in this Section 2.

 

2.1          Additional Definition.  Section 1.1 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows:

 

“First Amendment Effective Date” means January 31, 2014.

 

2.2          Amended Definition.  The definition of “Permitted Investment” contained in Section 1.1 of the Credit Agreement is hereby amended by (a) deleting the word “and” immediately following clause (k) thereof, and (b) deleting clause (l) thereof and inserting in lieu thereof the following clauses (l) and (m):

 

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(l)            Investments in Medallion Gathering & Processing, LLC, a Texas limited liability company, and its subsidiaries, so long as (i) no Default, Event of Default or Borrowing Base Deficiency exists at the time such Investment is made or results therefrom, and (ii) the amount of such Investments (regardless of whether made before, on or following the First Amendment Effective Date) does not exceed $55,000,000 in the aggregate at any time; and

 

(m)          other Investments not to exceed $10,000,000 in the aggregate at any time.

 

Section 3.              Conditions Precedent.  The effectiveness of this First Amendment is subject to the following:

 

3.1          Administrative Agent shall have received counterparts of this First Amendment from the Credit Parties and the Required Banks.

 

3.2          Administrative Agent shall have received such other documents as Administrative Agent or special counsel to Administrative Agent may reasonably request.

 

Administrative Agent shall notify Borrower and the Banks of the effectiveness of this First Amendment, and such notice shall be conclusive and binding.

 

Section 4.              Representations and Warranties; Etc.  Each Credit Party hereby affirms: (a) that as of the date hereof, all of the representations and warranties contained in each Loan Paper to which such Credit Party is a party are true and correct in all material respects as though made on and as of the date hereof (unless made as of a specific earlier date, in which case, was true as of such date), (b) no Defaults exist under the Loan Papers or will, after giving effect to this First Amendment, exist under the Loan Papers and (c) no Material Adverse Change has occurred.

 

Section 5.              Miscellaneous.

 

5.1          Confirmation and Effect.  The provisions of the Credit Agreement (as amended by this First Amendment) shall remain in full force and effect in accordance with its terms following the effectiveness of this First Amendment.  Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

 

5.2          Ratification and Affirmation of Credit Parties.  Each of the Credit Parties hereby expressly (a) acknowledges the terms of this First Amendment, (b) ratifies and affirms its obligations under the Facility Guaranty and the other Loan Papers to which it is a party, (c) acknowledges, renews and extends its continued liability under the Facility Guaranty and the other Loan Papers to which it is a party (in each case, as amended hereby), (d) agrees that its guarantee under the Facility Guaranty and the other Loan Papers (in each case, as amended hereby) to which it is a party remains in full force and effect with respect to the Obligations, as

 

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amended hereby, (e) represents and warrants that (i) the execution, delivery and performance of this First Amendment has been duly authorized by all necessary corporate or company action of the Credit Parties, (ii) this First Amendment constitutes a valid and binding agreement of the Credit Parties, and (iii) this First Amendment is enforceable against each Credit Party in accordance with its terms except as (A) the enforceability thereof may be limited by bankruptcy, insolvency or similar Laws affecting creditors’ rights generally, and (B) the availability of equitable remedies may be limited by equitable principles of general applicability, and (f) acknowledges and confirms that the amendments contemplated hereby shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations after giving effect to this First Amendment.

 

5.3          Counterparts.  This First 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 First Amendment by facsimile or electronic (e.g. pdf) transmission shall be effective as delivery of a manually executed original counterpart hereof.

 

5.4          No Oral Agreement.  This written First Amendment, the Credit Agreement and the other Loan Papers executed in connection herewith and therewith represent the final agreement between 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.

 

5.5          Governing Law.  This First 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.

 

5.6          Payment of Expenses.  Borrower agrees to pay or reimburse Administrative Agent for all of its out-of-pocket costs and expenses incurred in connection with this First Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to Administrative Agent.

 

5.7          Severability.  Any provision of this First Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

5.8          Successors and Assigns.  This First Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

5.9          Loan Paper.  This First Amendment shall constitute a “Loan Paper” for all purposes under the other Loan Papers.

 

5.10        Waiver of Jury Trial.  Section 14.13 of the Credit Agreement is hereby incorporated by reference, mutatis mutandis.

 

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[signature pages follow]

 

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

 

 

	
BORROWER:
    	
LAREDO   PETROLEUM, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard C. Buterbaugh
    
	
 
    	
Name:
    	
Richard   C. Buterbaugh
    
	
 
    	
Title:
    	
Executive   V.P. & Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
GUARANTOR:
    	
LAREDO MIDSTREAM SERVICES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard C. Buterbaugh
    
	
 
    	
Name:   
    	
Richard   C. Buterbaugh
    
	
 
    	
Title:
    	
Executive   V.P. & Chief Financial Officer
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
WELLS   FARGO BANK, N.A.,
    
	
 
    	
as   Administrative Agent and as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Muhammad Dhamani
    
	
 
    	
Name:
    	
Muhammad   Dhamani
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BANK   OF AMERICA, N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael Clayborne
    
	
 
    	
Name:   
    	
Michael   Clayborne
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
JPMORGAN   CHASE BANK, N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Mark E. Olson
    
	
 
    	
Name:   
    	
Mark   E. Olson
    
	
 
    	
Title:
    	
Authorized   Officer
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SOCIETE   GENERALE, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Elena Robciuc
    
	
 
    	
Name:   
    	
Elena   Robciuc
    
	
 
    	
Title:
    	
Managing   Director
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
UNION   BANK, N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lara Sorokolit
    
	
 
    	
Name:
    	
Lara   Sorokolit
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BMO   HARRIS FINANCING, INC., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James V. Ducote
    
	
 
    	
Name:
    	
James   V. Ducote
    
	
 
    	
Title:
    	
Managing   Director
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   BANK OF NOVA SCOTIA, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Terry Donovan
    
	
 
    	
Name:
    	
Terry   Donovan
    
	
 
    	
Title:
    	
Managing   Director
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CAPITAL   ONE, NATIONAL ASSOCIATION,
    
	
 
    	
as   a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael Higgins
    
	
 
    	
Name:
    	
Michael   Higgins
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COMPASS   BANK, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ann Van Wagener
    
	
 
    	
Name:
    	
Ann   Van Wagener
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BOKF,   NA dba BANK OF OKLAHOMA,
    
	
 
    	
as   a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Pam Schloeder
    
	
 
    	
Name:
    	
Pam   Schloeder
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BRANCH   BANKING AND TRUST
    
	
 
    	
COMPANY, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Parul June
    
	
 
    	
Name:
    	
Parul   June
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COMERICA   BANK, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ John S. Lesikar
    
	
 
    	
Name:
    	
John   S. Lesikar
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
GOLDMAN   SACHS BANK USA, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michelle Latzoni
    
	
 
    	
Name:
    	
Michelle   Latzoni
    
	
 
    	
Title:
    	
Authorized   Signatory
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BARCLAYS   BANK PLC, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Vanessa A. Kurbatskiy
    
	
 
    	
Name:
    	
Vanessa   A. Kurbatskiy
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CITIBANK,   N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Ryan Watson
    
	
 
    	
Name:    
    	
Ryan   Watson
    
	
 
    	
Title:   
    	
Senior   Vice President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CREDIT   SUISSE AG, CAYMAN ISLANDS
   BRANCH, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael Spaight
    
	
 
    	
Name:   
    	
Michael   Spaight
    
	
 
    	
Title:
    	
Authorized   Signatory
    

 

 

	
 
    	
By:
    	
/s/ Patrick Freytag
    
	
 
    	
Name:   
    	
Patrick   Freytag
    
	
 
    	
Title:
    	
Authorized   Signatory
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
ING   CAPITAL LLC, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Charles Hall
    
	
 
    	
Name:   
    	
Charles   Hall
    
	
 
    	
Title:
    	
Managing   Director
    

 

 

	
 
    	
By:
    	
/s/ Juli Bieser
    
	
 
    	
Name:   
    	
Juli   Bieser
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SUNTRUST   BANK, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Shannon Juhan
    
	
 
    	
Name:   
    	
Shannon   Juhan
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SCOTIABANC   INC., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ H. Thind
    
	
 
    	
Name:   
    	
H.   Thind
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

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