Document:

Exhibit 10.2

 

STOCK PURCHASE AGREEMENT

 

This STOCK PURCHASE
AGREEMENT (this “Agreement”) is entered into as of the 17th day of April, 2017, by and between Lola One Acquisition
Corporation, a Delaware corporation (the “Company”) and Ian Jacobs, an individual (the “Purchaser”).

 

WHEREAS, the Purchaser
desires to purchase, and the Company desires to sell, an aggregate of 65,000 shares (the “Shares”) of the Company’s
common stock, par value $0.0001 per share (the “Common Stock”), upon the terms and conditions hereof.

 

NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein contained, the Purchaser and the Company hereby agree as follows:

 

SECTION 1: SALE OF THE SHARES

 

1.1 Sale
of the Shares. Subject to the terms and conditions hereof, at the Closing, the Company will sell to the Purchaser and
the Purchaser will purchase from the Company, the Shares for a purchase price equal to $1,625 (the “Purchase
Price”) .

 

SECTION 2: CLOSING DATE; DELIVERY

 

2.1 Closing
Date. The closing of the purchase and sale of the Shares hereunder (the “Closing”) shall be held following
the execution and delivery of this Agreement upon the delivery of the Purchase Price.

 

2.2 Delivery
at Closing. At the Closing, the Company will record the issuance of the Shares in the Company’s stock ledger with respect
to the Common Stock of the Company in the Purchaser’s name, against payment of the Purchase Price therefore as indicated
above.

 

SECTION 3: REPRESENTATIONS AND WARRANTIES
OF PURCHASER

 

The undersigned Purchaser
hereby represents and warrants to the Company as follows:

 

3.1 Restricted
Securities. None of the Shares are registered under the Securities Act of 1933, as amended (the “Securities Act”),
or any state securities laws. The Purchaser acknowledges that the Shares have not been recommended by any US Federal or State securities
commission or regulatory authority and have not confirmed the accuracy or determined the adequacy of this Agreement. The Purchaser
understands that the offering and sale of the Shares is intended to be exempt from registration under the Securities Act, by virtue
of Section 4(a)(2) thereof and, if deemed advisable by the Company, the provisions of Regulation D promulgated thereunder, based,
in part, upon the representations, warranties and agreements of the Purchaser contained in this Agreement. The Purchaser understands
that the Shares may not be sold, transferred or otherwise disposed of without registration under the Securities Act or an exemption
therefrom.

  

     
 

     

    

 

3.2 Experience.
The Purchaser has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the
merits and risks of investment in the Company and of making an informed investment decision. The Purchaser has adequate means of
providing for the Purchaser’s current needs and possible future contingencies and the Purchaser has no need, and anticipates
no need in the foreseeable future, to sell the Shares for which the Purchaser subscribes. The Purchaser is able to bear the economic
risks of this investment and, consequently, without limiting the generality of the foregoing, the Purchaser is able to hold the
Shares for an indefinite period of time and has sufficient net worth to sustain a loss of the Purchaser’s entire investment
in the Company in the event such loss should occur. Except as otherwise indicated herein, the Purchaser is the sole party in interest
as to its investment in the Company, and it is acquiring the Shares solely for investment for the Purchaser’s own account
and has no present agreement, understanding or arrangement to subdivide, sell, assign, transfer or otherwise dispose of all or
any part of the Shares subscribed for to any other person.

 

3.3 Investment;
Access to Data. The Purchaser has carefully reviewed and understands the risks of, and other considerations relating to, a
purchase of the Shares and an investment in the Company. The Purchaser has been furnished materials relating to the Company, the
private placement of the Common Stock or anything else that it has requested and has been afforded the opportunity to ask questions
and receive answers concerning the terms and conditions of the offering and obtain any additional information which the Company
possesses or can acquire without unreasonable effort or expense. Representatives of the Company have answered all inquiries that
the Purchaser has made of them concerning the Company, or any other matters relating to the formation and operation of the Company
and the offering and sale of the Common Stock. The Purchaser has not been furnished any offering literature other than the materials
that the Company may have provided at the request of the Purchaser; and the Purchaser has relied only on such information furnished
or made available to the Purchaser by the Company as described in this Section. The Purchaser is acquiring the Shares for investment
for the Purchaser’s own account, not as a nominee or agent and not with the view to, or for resale in connection with, any
distribution thereof. The Purchaser acknowledges that the Company is a start-up company with no current operations, assets or operating
history, which may possibly cause a loss of Purchaser’s entire investment in the Company.

 

3.4 Authorization.
(a) This Agreement, upon execution and delivery thereof, will be a valid and binding obligation of Purchaser, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization and moratorium laws and other laws of general application
affecting enforcement of creditors’ rights generally.

 

(b) The
execution, delivery and performance by Purchaser of this Agreement and compliance therewith and the purchase and sale of the Shares
will not result in a violation of and will not conflict with, or result in a breach of, any of the terms of, or constitute a default
under, any provision of state or Federal law to which Purchaser is subject, or any mortgage, indenture, agreement, instrument,
judgment, decree, order, rule or regulation or other restriction to which the Purchaser is a party or by which the Purchaser is
bound, or result in the creation of any mortgage, pledge, lien, encumbrance or charge upon any of the properties or assets of Purchaser
pursuant to any such term.

  

    	 	2	 

     

    

 

3.5 Accredited Investor.
Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended and
has executed the statement of accredited investor annexed hereto as Exhibit A.

 

SECTION 4: MISCELLANEOUS

 

4.1 Governing
Law. This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to conflicts of
laws principles thereof.

 

4.2 Survival.
The terms, conditions and agreements made herein shall survive the Closing.

 

4.3 Successors
and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the parties hereto.

 

4.4 Entire
Agreement; Amendment; Waiver. This Agreement constitutes the entire and full understanding and agreement between the parties
with regard to the subject matter hereof. Neither this Agreement nor any term hereof may be amended, waived, discharged or terminated,
except by a written instrument signed by all the parties hereto.

 

4.5 Counterparts;
Electronic Signature. This Agreement may be executed in any number of counterparts, each of which shall be an original, but
all of which together, shall constitute one instrument. This Agreement may be executed by facsimile or pdf signature by any party
and such signature will be deemed binding for all purposes hereof without delivery of an original signature being thereafter required.

 

[The remainder of this page has been
intentionally left blank.]

    	 	3	 

     

    

 

IN WITNESS WHEREOF, the undersigned
have hereunto set their hands as of the day and year first above written.

 

	 	LOLA ONE ACQUISITION CORPORATION
	 	 	 
	 	By:	 /s/ Ian Jacobs
	 	 	Ian Jacobs
	 	 	President, Secretary, Chief Executive Officer,
	 	 	and Chief Financial Officer
	 	 	 
	 	PURCHASER
	 	 	 
	 	By:	 /s/ Ian Jacobs
	 	 	Ian Jacobs

 

    	 	4	 

     

    

 

Exhibit A

 

STATEMENT OF ACCREDITED INVESTOR

 

	To:		Lola One Acquisition Corporation (the “Company”)

 

Ladies and Gentlemen:

 

The undersigned hereby
refers to the Common Stock Purchase Agreement executed and delivered to the Company by the undersigned as of the date hereof. In
connection with the subscription thereunder by the undersigned to purchase securities of the Company, the undersigned hereby represents
and warrants that such individual or entity meets at least one of the tests listed below for an “accredited investor”
(as such term is defined under Regulation D promulgated pursuant to the Securities Act of 1933, as amended).

 

“Accredited Investors”
are accorded special status under the federal securities laws. Individuals who hold certain positions with an issuer or its affiliates,
or who have certain minimum individual income or certain minimum net worth (each as described below) may qualify as Accredited
Investors. Partnerships, corporations or other entities may qualify as Accredited Investors if they fulfill certain financial and
other standards, or if all of their equity owners have incomes and/or net worth which qualify them individually as Accredited Investors,
and trusts may qualify as Accredited Investors if they meet certain financial and other tests (as described below).

 

You may qualify as
an Accredited Investor under Regulation D promulgated under the Securities Act of 1933 (the “Securities Act”) if you
meet any of the following tests (please check all that apply):

 

_X___ (a) The undersigned is
a natural person whose net worth, or joint net worth with spouse, at the time of purchase, exceeds $1,000,000 (excluding the value
of the undersigned’s primary residence).1

 

_X___ (b) The undersigned is
a natural person whose individual income (excluding that of his or her spouse) exceeded $200,000 in each of the last two years,
i.e., 2015 and 2016, and who reasonably expects individual income exceeding $200,000 in the current year.

 

______ (c) The undersigned is a natural
person whose joint gross income with his or her spouse exceeded $300,000 in each of the last two years, i.e., 2015 and 2016, and
who reasonably expects joint gross income with his or her spouse exceeding $300,000 in the current year.

 

______ (d) The undersigned is:

 

_____ (i) a bank as defined
in section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined in section 3(a)(5)(A)
of the Securities Act whether acting in its individual or fiduciary capacity;

 

 

1
For purposes of calculation net worth in paragraph (a) above, (i) the undersigned’s primary residence shall
not be included as an asset; (ii) indebtedness secured by the undersigned’s primary residence, up to the estimated fair
market value of such primary residence as of the date hereof, shall not be included as a liability (except that if the amount
of such indebtedness outstanding as of the date hereof exceeds the amount outstanding as of 60 days before the date hereof, other
than as a result of the acquisition of such primary residence, the amount of such excess shall be included as a liability) and
(iii) indebtedness that is secured by the undersigned’s primary residence in excess of the estimated fair market value of
such primary residence as of the date hereof, shall be included as a liability.

  

    	 	A-1	 

     

    

 

_____ (ii) a broker or dealer
registered pursuant to section 15 of the Securities Exchange Act of 1934, as amended;

 

_____ (iii)     an insurance
company as defined in section 2(a)(13) of the Securities Act; any investment company registered under the Investment Company Act
of 1940 or a business development company as defined in section 2(a)(48) of such act;

 

_____ (iv) any Small Business
Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment
Act of 1958;

 

_____ (v) any plan established
and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions,
for the benefit of its employees, if such plan has total assets in excess of $5,000,000; or

 

_____
(vi) any employee benefit plan within the meaning of the Employee Retirement Income
Security Act of 1974 if the investment decision is made by a plan fiduciary, as defined in section 3(21) of such act, which
is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee
benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by
persons that are accredited investors.

 

_____ (e) The undersigned is a private
business development company as defined in section 202(a)(22) of the Investment Advisers Act of 1940.

 

_____ (f) The undersigned is a trust,
and the grantor (i) has the power to revoke the trust at any time and regain title to the trust assets; and (ii) meets the requirements
of items (a) (b), or (c) above.

 

_____ (g)     The undersigned is a tax-exempt
organization described in Section 501(c) (3) of the Internal Revenue Code, or a corporation, Massachusetts or similar business
trust, or partnership, not formed for the specific purpose of acquiring the securities with total assets in excess of $5,000,000.

 

_____ (h) The undersigned is a trust
with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities, whose purchase is directed
by a person who has such knowledge and experience in financial and business matters that he or she is capable of evaluating the
merits and risks of an investment in the securities.

 

_____ (i)  The undersigned is an entity
in which all of the equity owners meet any of the requirements of items (a) through (h) above.

  

[SIGNATURE PAGE FOLLOWS]

 

    	 	A-2	 

     

    

 

Dated: April 17, 2017

 

	 	Very truly yours,
	 	 
	 	Ian Jacobs
	 	Name of Individual #1 or Entity
	 	 
	 	/s/ Ian Jacobs
	 	Authorized Signature
	 	 
	 	 
	 	Address
	 	 
	 	 
	 	 

 

 

A-3Exhibit

Exhibit 10.01

    

FOURTH AMENDMENT
TO
REVOLVING CREDIT AGREEMENT
dated as of
June 27, 2017
among

NUSTAR GP HOLDINGS, LLC,

RIVERWALK HOLDINGS, LLC,

The Lenders Party Hereto

and

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent

    

FOURTH AMENDMENT TO REVOLVING CREDIT AGREEMENT

THIS FOURTH AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”) dated as of June 27, 2017, is among NUSTAR GP HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”); RIVERWALK HOLDINGS, LLC, a Delaware limited liability company (the “Guarantor”); JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”) for the lenders party to the Credit Agreement referred to below (collectively, the “Lenders”); and the undersigned Lenders.
R E C I T A L S
A.    The Borrower, the Administrative Agent and the Lenders are parties to that certain 364-Day Revolving Credit Agreement dated as of June 28, 2013 (as amended by that certain First Amendment to 364-Day Revolving Credit Agreement dated as of June 17, 2014, that certain Second Amendment to Revolving Credit Agreement dated as of June 17, 2015 and that certain Third Amendment to Revolving Credit Agreement dated as of June 16, 2016, the “Credit Agreement”), pursuant to which the Lenders have made certain extensions of credit available to the Borrower.
B.    The Borrower has requested and the Lenders have agreed to amend certain provisions of the Credit Agreement.
C.    On the Fourth Amendment Effective Date (as defined below), Citibank, N.A. (the “Exiting Lender”) desires to sell and assign to Wells Fargo Bank, National Association (the “New Lender”), and the New Lender desires to purchase and assume, 100% of the Exiting Lender’s rights and obligations as a Lender under the Credit Agreement. 
D.    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 references to Articles and Sections in this Amendment refer to Articles and Sections of the Credit Agreement.

Section 2.Amendments to Credit Agreement.

2.1    Amendment to Section 1.01.  Section 1.01 of the Credit Agreement is hereby amended as follows:

(a)Each of the following definitions is hereby amended and restated in its entirety to read as follows:

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.  As of the Fourth Amendment Effective Date, the amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable.  On the Fourth Amendment Effective Date, the aggregate amount of the Lenders’ Commitments is $60,000,000.
“Maturity Date” means June 27, 2018.
“Partnership Agreement (MLP)” means the Fifth Amended and Restated Agreement of Limited Partnership of the MLP dated as of April 28, 2017, as may be amended, restated, amended and restated, modified or supplemented from time to time in accordance herewith.
(b)    The following definition is hereby added to Section 1.01 in appropriate alphabetical order to read in its entirety as follows:

“Fourth Amendment Effective Date” has the meaning given such term in that certain Fourth Amendment to Revolving Credit Agreement dated as of June 27, 2017 among the Borrower, the Guarantor, the Administrative Agent, and the Lenders party thereto.

(c)    Each of the following definitions is hereby deleted in its entirety: “Consolidated Debt Coverage Ratio,” “Consolidated EBITDA,” “Consolidated Net Worth,” “Consolidated Operating Income,” “Excluded Go-Zone Bond Proceeds,” “Go-Zone Bond,” “Go-Zone Bond Indentures,” “Material Project,” “Material Project EBITDA Adjustments,” “Rolling Period,” “Standard Ratio” and “Total Capitalization”.

2.2    Amendments to Section 6.11.  

(a)    Section 6.11(a) is hereby amended and restated in its entirety to read as follows:

(a)    The Borrower shall cause the MLP to comply with the financial covenant set forth in Section 6.11 of the NuStar Logistics Credit Agreement.
(b)    Section 6.11(b) is hereby amended by replacing the reference therein to “$16,000,000” with “$19,000,000”.

2.3    Amendment to Schedule 2.01. Schedule 2.01 is hereby amended and restated in its entirety to read as set forth on Schedule 2.01 attached to this Amendment.

Section 3.    Conditions Precedent.  This Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02) (the “Fourth Amendment Effective Date”):

3.1    The Administrative Agent and the Lenders shall have received all fees and other amounts due and payable, if any, in connection with this Amendment on or prior to the Fourth Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower pursuant to the Credit Agreement.

3.2    The Administrative Agent shall have received from each Lender and the Borrower, counterparts (in such number as may be requested by the Administrative Agent) of this Amendment signed on behalf of such Persons.

3.3    The Administrative Agent shall have received (i) an amendment to the Guarantee and Pledge Agreement, in form and substance satisfactory to the Administrative Agent, duly executed and delivered by the Borrower and the Guarantor (such amendment, the “Guarantee and Pledge Agreement Amendment”) and (ii) a unit power with respect to the additional Units pledged as Collateral pursuant to the Guarantee and Pledge Agreement Amendment, duly executed and delivered by the Guarantor, together with the original unit certificate representing such Units.

3.4    The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Fourth Amendment Effective Date) of Amy Perry, in-house counsel of the Borrower, providing the opinions substantially in the form set forth in Exhibit B to the Credit Agreement, and each such opinion covering such other matters relating to the Borrower, the Guarantor, this Amendment and the Credit Agreement, as amended by this Amendment, or the transactions contemplated thereby as the Lenders shall reasonably request.  The Borrower hereby requests each such counsel to deliver its applicable opinion to the Administrative Agent and the Lenders.

3.5    The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the Guarantor, the authorization of this Amendment and the transactions contemplated hereby, and any other legal matters relating to the Borrower, the Guarantor, this Amendment and the Credit Agreement, as amended by this Amendment, or the transactions contemplated thereby, all in form and substance satisfactory to the Administrative Agent and its counsel.

3.6    The Administrative Agent shall have received evidence satisfactory to it of any necessary shareholder, corporate, limited liability company, and partnership approvals as to authority, enforceability and compliance with law in connection with this Amendment and the transactions contemplated hereby.

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

3.8    No Default shall have occurred and be continuing, after giving effect to the terms of this Amendment.

3.9    As of the Fourth Amendment Effective Date, the aggregate market value of the Units constituting Collateral shall be greater than $120,000,000.

Section 4.    Assignment of Commitments and Loans.  Effective as of the Fourth Amendment Effective Date: (a) for an agreed consideration, the Exiting Lender hereby irrevocably sells and assigns to the New Lender, and the New Lender hereby irrevocably purchases and assumes from the Exiting Lender, subject to and in accordance with the Assignment and Assumption attached as Exhibit A to the Credit Agreement, 100% of the Exiting Lender’s rights and obligations in its capacity as a Lender under the Credit Agreement, including the Commitment of the Exiting Lender on the Fourth Amendment Effective Date, all of the Loans owing to such Exiting Lender which are outstanding on the Fourth Amendment Effective Date, and all of the participations in Letters of Credit and LC Disbursements held by the Exiting Lender on the Fourth Amendment Effective Date (the “Assignment”), such that, after giving effect to the Assignment, the New Lender shall have the Commitment specified for it on Schedule 2.01 attached to this Amendment; and (b) after giving effect to the Assignment, (i) the Exiting Lender shall cease to be a “Lender” for all purposes under the Credit Agreement and the other Loan Documents and (ii) the New Lender shall become a party to the Credit Agreement, as amended by this Amendment, as a “Lender”, and shall have all of the rights and obligations of a Lender under the Credit Agreement, as amended by this Amendment, and the other Loan Documents.  Each of the Administrative Agent, the Issuing Bank, the New Lender, the Exiting Lender and the Borrower hereby consents and agrees to the Assignment.  With respect to the Assignment, the New Lender shall be deemed to have acquired the Commitment allocated to it from the Exiting Lender pursuant to the terms of the Assignment and Assumption attached as Exhibit A to the Credit Agreement (the “Assignment Agreement”), as if such New Lender and the Exiting Lender had executed such Assignment Agreement with respect to the Assignment, pursuant to which (i) the New Lender shall be the “Assignee”, (ii) the Exiting Lender shall be the “Assignor” and (iii) the term “Effective Date” shall be the Fourth Amendment Effective Date as defined herein.  On the Fourth Amendment Effective Date, the Administrative Agent shall take the actions specified in Section 9.04(b)(iv), including recording the Assignment described herein in the Register, and such Assignment shall be effective for all purposes of the Credit Agreement.  Notwithstanding Section 9.04(b)(ii)(C), the New Lender shall not be required to pay a processing and recordation fee of $3,500 to the Administrative Agent in connection with the Assignment.

Section 5.    Miscellaneous.

5.1    Confirmation.  The provisions of the Credit Agreement, as amended by this Amendment, shall remain in full force and effect following the effectiveness of this Amendment.

5.2    Ratification and Affirmation; Representations and Warranties.  Each of the Borrower and the Guarantor hereby: (a) acknowledges the terms of this Amendment; (b) ratifies and affirms its obligations under, and 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, after giving effect to the amendments contained herein; (c) agrees that from and after the Fourth Amendment Effective Date each reference to the Credit Agreement in the Loan Documents shall be deemed to be a reference to the Credit Agreement, as amended by this Amendment; (d) confirms that the existing security interests granted by it in favor of the Administrative Agent and the Lenders pursuant to the Loan Documents in the Collateral described therein shall continue to secure the obligations of the Borrower and the Restricted Subsidiaries under the Credit Agreement, as amended by this Amendment, as and to the extent provided in the Loan Documents; and (e) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Amendment: (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct, unless such representations and warranties are stated to relate to a specific earlier date, in which case, such representations and warranties shall continue to be true and correct as of such earlier date and (ii) no Default has occurred and is continuing.

5.3    Loan Document.  This Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to Loan Documents shall apply hereto.

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 email transmission shall be effective as delivery of a manually executed counterpart hereof.

5.5    NO ORAL AGREEMENT.  THIS AMENDMENT, THE CREDIT AGREEMENT 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 ORAL AGREEMENTS BETWEEN THE PARTIES.

5.6    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.

5.7    Consent to Guarantee and Pledge Agreement Amendment.  Each Lender hereby consents to, and authorizes the Administrative Agent to enter into, the Guarantee and Pledge Agreement Amendment.

[SIGNATURES BEGIN NEXT PAGE]

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

	
			
	 
	NUSTAR GP HOLDINGS, LLC, as Borrower

	 
	 
	 

	 
	By:
	/s/ Thomas R. Shoaf

	 
	 
	Thomas R. Shoaf

	 
	 
	Executive Vice President and Chief Financial Officer

	
			
	 
	RIVERWALK HOLDINGS, LLC, as Guarantor

	 
	 
	 

	 
	By:
	/s/ Thomas R. Shoaf

	 
	 
	Thomas R. Shoaf

	 
	 
	Executive Vice President and Chief Financial Officer

    

	
			
	 
	JPMORGAN CHASE BANK, N.A., as a Lender and as Administrative Agent and Issuing Bank

	 
	 
	 

	 
	By:
	/s/ M. Hasan

	 
	 
	Name: Muhammad Hasan

	 
	 
	Title: Vice President 

    

 
	
			
	 
	SUNTRUST BANK, as a Lender and as Syndication Agent 

	 
	 
	 

	 
	By:
	/s/ Yann Pirio

	 
	 
	Name: Yann Pirio

	 
	 
	Title: Managing Director

	
			
	 
	MIZUHO BANK, LTD., as a Lender 

	 
	 
	 

	 
	By:
	/s/ Leon Mo

	 
	 
	Name: Leon Mo 

	 
	 
	Title: Authorized Signatory

	
			
	 
	FROST BANK, as a Lender 

	 
	 
	 

	 
	By:
	/s/ M. Luke Healy

	 
	 
	Name: M. Luke Healy

	 
	 
	Title: Assistant Vice President

	
			
	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender 

	 
	 
	 

	 
	By:
	/s/ Borden Tennant

	 
	 
	Name: Borden Tennant

	 
	 
	Title: Assistant Vice President

	
			
	 
	CITIBANK, N.A., as an Exiting Lender 

	 
	 
	 

	 
	By:
	/s/ Michael Zeller

	 
	 
	Name: Michael Zeller

	 
	 
	Title: Managing Director

SCHEDULE 2.01
COMMITMENTS

	
		
	LENDER
	COMMITMENT

	JPMorgan Chase Bank, N.A.
	$12,000,000

	SunTrust Bank
	$12,000,000

	Mizuho Bank, Ltd.
	$12,000,000

	Frost Bank
	$12,000,000

	Wells Fargo Bank, National Association
	$12,000,000

	Total
	$60,000,000

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