Document:

rvra-ex102_31.htm

Exhibit 10.2

BLUE MOUNTAIN MIDSTREAM LLC

FIRST AMENDMENT TO THE

2018 OMNIBUS INCENTIVE PLAN

Dated:   February 28, 2019

1. Amendment

This First Amendment (this “Amendment”) to the 2018 Omnibus Incentive Plan (the “Plan”) of Blue Mountain Midstream LLC, a Delaware limited liability company (the “Company”), dated as of July 1, 2018, is intended to increase the total number of Incentive Units (“Units”), available for issuance under the Plan from 32,500 Units to 58,750 Units.

Capitalized terms used but not defined in this Amendment will have the meanings ascribed to them in the Plan.

2.Units Subject to the Plan

Section 4.1(a) of the Plan is hereby amended and restated in its entirety to read as follows:

“(a) The aggregate number of Units that may be issued or used for reference purposes or with respect to which Awards may be granted under the Plan shall not exceed 58,750 Units (subject to any increase or decrease pursuant to Section 4.2) 35,250 Units shall be available for Awards under the Plan (the “Unit Reserve”) and 23,500 Units shall be available to settle Performance Awards for which the payment level exceeds 100% (the “Additional Unit Award Reserve”), all of which may be either authorized and unissued Units or Units held in or acquired for the treasury of the Company or both.”

Date Approved by the Board of the Company:  February 28, 2019rvra-ex103_132.htm

Exhibit 10.3

AMENDMENT NO. 1

TO

SECOND AMENDED AND RESTATED LIMITED LIABILITY OPERATING AGREEMENT

OF 

BLUE MOUNTAIN MIDSTREAM LLC

 

This Amendment No. 1 to the Second Amended and Restated Limited Liability Operating Agreement of Blue Mountain Midstream LLC (this “Amendment”) is adopted and executed by Linn Energy Holdco II LLC, a Delaware limited liability company (“Linn Holdco II”) to be effective as of the 28th day of February, 2019 (the “Effective Date”).  Any capitalized term used herein for which a definition is not provided herein shall have the same meaning as assigned to such term in the Operating Agreement (as hereinbelow defined).

RECITALS

WHEREAS, Blue Mountain Midstream LLC (the “Company”) is currently operated pursuant to that certain Second Amended and Restated Limited Liability Operating Agreement of Blue Mountain Midstream LLC, dated effective as of July 1, 2018 (the “Operating Agreement”); 

WHEREAS, because Linn Holdco II has not appointed a Linn Manager pursuant to Section 8.2(a)(i) of the Operating Agreement as of the Effective Date, the Company is managed and controlled by Linn Holdco II as “Manager”, pursuant to Section 8.1(a) of the Operating Agreement, and all references in the Operating Agreement to the “Board” are deemed references to Linn Holdco II; 

WHEREAS, as of the Effective Date, the sole member of the Company is Linn Holdco II;     

WHEREAS, Section 12.1 of the Operating Agreement provides the Operating Agreement may be amended or modified from time to time by a written instrument adopted by the Board; and

WHEREAS, Linn Holdco II, in its capacity as Manager of the Company, desires to amend the Operating Agreement as of the date first set forth above to 1) increase the number of authorized Class B Units from 32,500 Class B Units to 58,750 Class B Units and 2) reflect the current capitalization of the Company following certain transactions and capital contributions, and Linn Holdco II, in its capacity as sole Member of the Company, consents to such amendments;

NOW, THEREFORE, in consideration of the premises, warranties and mutual covenants set forth herein, it is agreed:

1.Schedule 1 to the Operating Agreement shall be and hereby is deleted in its entirety and the Schedule 1 attached hereto shall be inserted in its place and stead.

	
 
	
2.
	
Section 3.1(a) of the Operating Agreement is hereby amended and restated in its entirety to read as follows:
	
 

	
 
	

	
“Each Member’s interest in the Company, including such Member’s interest, if any, in the capital, income, gains, losses, deductions and expenses of the Company, shall be represented by Units of limited liability 
	
 

 

 

	
 
		
company interest (each, a “Unit”). The Company shall have two authorized classes of Units designated as Class A Units (the “Class A Units”) and Class B Units (the “Class B Units”), respectively. The Class A Units shall have one vote per Unit. The Class B Units shall have no voting rights. The Company shall have the authority to issue an unlimited number of Class A Units and up to 58,750 Class B Units. As of the Effective Date, no Class B Units have been issued.  All Class B Units shall be convertible into shares of Common Stock in accordance with the terms of Section 9.15, the Incentive Plan, the applicable Award Agreement, and the Conversion Procedures.”
	
 

2.Notwithstanding any contrary provision of the Operating Agreement, Linn Holdco II hereby ratifies, confirms and adopts all the terms and provisions of the Operating Agreement as amended hereby in its capacity as Manager of the Company.  Furthermore Linn Holdco II hereby consents the amendments set forth herein in its capacity as the sole Member of the Company. 

3.This Amendment may be executed by the parties hereto individually or in combination, in one or more counterparts, each of which shall be an original and all of which shall together constitute one and the same instrument.

4.To the extent that any provision herein shall directly conflict with any provision of the Operating Agreement, such provision contained herein shall control.  Any provisions of the Operating Agreement which do not directly conflict with the provisions herein shall be ratified and confirmed in all respects, shall continue to be of full force and effect and shall bind each of the parties hereto.

5.This Amendment (i) shall bind and benefit the Members and their respective heirs, beneficiaries, administrators, executors, receivers, trustees, successors, and assigns; (ii) shall be modified or amended only in the manner set forth in the Operating Agreement; (iii) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE AND THE UNITED STATES OF AMERICA FROM TIME TO TIME IN EFFECT; and (iv) embodies the entire agreement and understanding between the parties with respect to modifications of instruments provided for herein and supersedes all prior conflicting or inconsistent agreements, consents, and understandings relating to such subject matter.

6.SEVERABILITY.  EACH PROVISION OF THIS AMENDMENT SHALL BE CONSIDERED SEVERABLE AND IF FOR ANY REASON ANY PROVISION OR PROVISIONS HEREIN ARE DETERMINED TO BE INVALID, UNENFORCEABLE OR ILLEGAL UNDER ANY EXISTING OR FUTURE LAW, SUCH INVALIDITY, UNENFORCEABILITY OR ILLEGALITY SHALL NOT IMPAIR THE OPERATION OF OR AFFECT THOSE PORTIONS OF THIS AMENDMENT THAT ARE VALID, ENFORCEABLE AND LEGAL.

 [remainder of page left intentionally blank]

 

2

 

IN WITNESS WHEREOF, this Amendment is executed to be effective as of the Effective Date. 

				
	
 
	
Linn Energy Holdco II LLC

	
 
	
 

	
 
	
 

 

By:/s/ David B. Rottino

Name:  David B. Rottino

Title: President and Chief Executive Officer

 

 

 

 

 

 

	
 
	
 
	
	
 
	
 
	
	
 
	
 
	

 

 

 

 

 

Schedule I

				
	
Name
	
Address
	
Class A Units
	
Class B Units

	
Linn Energy Holdco II LLC
	
600 Travis St, Suite

1400

Houston, TX 77002

Attn: Holly Anderson
	
701,350
	
0

	
Total:
	
-
	
701,350
	
0Exhibit

Golub Capital Investment Corporation,
Sumitomo Mitsui Banking Corporation, as Administrative Agent,
and the Lenders party thereto
FACILITY EXTENSION REQUEST

May 3, 2019

Sumitomo Mitsui Banking Corporation
277 Park Avenue
New York, New York 10172
Telephone:     212-224-4192
Fax:         212-224-4887
Email:         Prandhawa@smbc-lf.com
Attention:     Pretika Randhawa

with a copy to:

Sumitomo Mitsui Banking Corporation
277 Park Avenue
New York, New York 10172
Telephone:     212-224-4380
Fax:         212-224-4887
Email:         Arlene_A_Hebron@smbcgroup.com/
agencyservices@smbcgroup.com/
Daron_Davis@smbcgroup.com/
jsang@smbc-lf.com /
prandhawa@smbc-lf.com
Charles_Margiotta@smbcgroup.com
Attention:     Arlene A. Hebron / agency services /
Daron Davis/ Judy Sang/
Pretika Randhawa / Charles Margiotta

Ladies and Gentlemen:

This Facility Extension Request (the “Request”) is executed and delivered by GOLUB
CAPITAL INVESTMENT CORPORATION, a Maryland corporation (“Borrower”), to Sumitomo
Mitsui Banking Corporation (“Administrative Agent”), pursuant that certain Amended and Restated
Revolving Credit Agreement (as it may be amended, modified, supplemented, restated or amended and
restated from time to time, the “Credit Agreement”) dated as of May 17, 2018, entered into by and among
Borrower, Administrative Agent and the lenders party thereto. Capitalized terms not defined herein shall
have the meanings assigned to such terms in the Credit Agreement.

Borrower hereby notifies you that it elects to extend the Stated Maturity Date to August 17, 2019 (the “Extension”). The Extension Fee is $XXXX.

In connection with the Extension elected hereby, Borrower hereby represents, warrants, and
certifies to Administrative Agent for the benefit of Secured Parties that:

(a)     This Request is being delivered not more than sixty (60) days nor less than thirty (30)
days prior to the current Stated Maturity Date;

(b)     As of the date of the Request, each representation and warranty made in Section 8 of the
Credit Agreement is true and correct, with the same force and effect as if made on and as
of such date (except to the extent that such representations and warranties specifically
refer to any earlier date, in which case they shall be true and correct as of such earlier
date and except that for the purposes of this Request, the representations and warranties
contained in Section 8.08 of the Credit Agreement shall be deemed to refer to the most
recent financial statements furnished pursuant to clauses (a) and (b), respectively, of
Section 9.01 of the Credit Agreement);and

(c)     On the date of this Request, no Event of Default or, to the knowledge of the Borrower,
Potential Default exists and is continuing, and on the current Stated Maturity Date, no
Event of Default or, to the knowledge of the Borrower, Potential Default would result
from the Extension.

In the event that between the date hereof and the date of the Extension, (i) any event should occur
which could reasonably be expected to be an Event of Default or Potential Default or have a Material
Adverse Effect; or (ii) any representation, warranty or certification set forth above is inaccurate if made
on the date of the Stated Maturity Date in effect immediately prior to the Extension, Borrower shall notify
Administrative Agent.

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.
SIGNATURE PAGE(S) FOLLOW(S).

The undersigned hereby certifies each and every matter contained herein to be true and correct.

BORROWER:

GOLUB CAPITAL INVESTMENT CORPORATION
        
                        	
		
	By:
	/s/ Ross A. Teune

	 
	Name: Ross A. Teune

	 
	Title:  Authorized Signatory

Accepted and Approved:

SUMITOMO MITSUI BANKING CORPORATION, as Administrative Agent

	
		
	By:
	/s/ Keith J. Connolly

	 
	Name: Keith J. Connolly

	 
	Title:  General Manager

Signature Page to
Facility Extension Request

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