Document:

Exhibit 4.24

 

DEMAND DEBENTURE

 

JOINDER AGREEMENT

 

Johnstone Tank Trucking Ltd.

1700, 440 – 2nd Avenue S.W.

Calgary, AB 
T2P 5E9

 

February 9, 2010

 

BNY Trust Company of Canada

Suite 1101, 4 King Street West

Toronto, ON  M5H
1B6

 

Ladies and Gentlemen:

 

Reference is made to the Demand Debenture-Co-Issuer,
Parent and Subsidiary Guarantors (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Demand
Debenture”; capitalized terms used not otherwise defined herein
shall have the meanings assigned to such terms in the Demand Debenture), dated
as of May 27, 2009 made by Gibson Energy Holding ULC, GEP Midstream Finance
Corp., Canwest Propane ULC, Moose Jaw Refinery ULC, MP Energy ULC, GEP ULC,
Gibson GCC Inc., Moose Jaw Refinery Partnership, Canwest Propane Partnership,
Gibson Energy Partnership, MP Energy Partnership, Chief Hauling Contractors
ULC, Link Petroleum Services Ltd., Link Petroleum, Inc., Gibson Energy (U.S.)
Inc., Battle River Terminal GP Inc., Battle River Terminal LP and Bridge Creek
Trucking Ltd. (each an “Obligor” and
together the “Obligors”) in favour of BNY Trust
Company of Canada, as collateral agent (in such capacity and together with any
successors and permitted assigns in such capacity, the “Collateral
Agent”).

 

This Joinder Agreement supplements the Demand
Debenture and is delivered by the undersigned, Johnstone Tank Trucking Ltd. (the
“New Obligor”), pursuant to Section 5.18
of the Demand Debenture.  The New Obligor
hereby agrees to be bound as an Obligor party to the Demand Debenture by all of
the terms, covenants and conditions set forth in the Demand Debenture to the
same extent that it would have been bound if it had been a signatory Obligor to
the Demand Debenture on the date of the Demand Debenture.  Without limiting the generality of the
foregoing, the New Obligor grants to the Collateral Agent, for the benefit of
the Secured Creditors, a security interest in, and assigns, mortgages, charges,
hypothecates and pledges to the Collateral Agent, for the benefit of the
Secured Creditors, substantially all of the property of such New Obligor of the
type and description set forth in Section 3.1 of the Demand Debenture whether
now owned or hereafter acquired.  The New
Obligor also expressly assumes all obligations and liabilities of an Obligor
thereunder.  The New Obligor hereby makes
each of the

 

 

representations and warranties and agrees to each of
the covenants applicable to the Obligors contained in the Demand Debenture.

 

This Joinder Agreement and any amendments, waivers,
consents or supplements hereto may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original, but all such counterparts
together shall constitute one and the same agreement.

 

This Joinder Agreement will be governed by,
interpreted and enforced in accordance with, the laws of the Province of
Alberta and the federal laws of Canada applicable therein.

 

IN WITNESS WHEREOF, the New Obligor has caused this
Joinder Agreement to be executed and delivered by its duly authorized officer
as of the date first above written.

 

	
   

  	
  JOHNSTONE
  TANK TRUCKING LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard G.
  Taylor

  
	
   

  	
   

  	
  Name: Richard G.
  Taylor

  Title: Executive
  Vice President, Finance and Chief Financial Officer

  

 

Accepted and Agreed:

 

	
  BNY
  TRUST COMPANY OF CANADA, AS COLLATERAL AGENT

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Farhan Mir

  	
   

  
	
   

  	
  Name: Farhan Mir

  Title:
  Authorized SignatoryExhibit 4.25

 

SECURITY AGREEMENT

 

JOINDER AGREEMENT

 

Johnstone Tank Trucking Ltd.

1700, 440 – 2nd Avenue S.W.

Calgary, AB  T2P 5E9

 

February 9, 2010

 

BNY Trust Company of Canada

Suite 1101, 4 King Street West

Toronto, ON  M5H 1B6

 

Ladies and Gentlemen:

 

Reference is made to the Security Agreement-Subsidiary
Guarantors (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Security Agreement”;
capitalized terms used but not otherwise defined herein shall have the meanings
assigned to such terms in the Security Agreement), dated as of May 27,
2009 made by Moose Jaw Refinery Partnership, Moose Jaw Refinery ULC, CanWest
Propane Partnership, CanWest Propane ULC, MP Energy Partnership, MP Energy ULC,
Gibson Energy Partnership, GEP ULC, Link Petroleum Services Ltd., Chief Hauling
Contractors ULC, Gibson GCC Inc., Link Petroleum, Inc., Gibson Energy
(U.S.) Inc., Battle River Terminal GP Inc., Battle River Terminal LP and Bridge
Creek Trucking Ltd. (each an “Obligor” and
together the “Obligors”) in favour of BNY Trust
Company of Canada, as collateral agent (in such capacity and together with any
successors and permitted assigns in such capacity, the “Collateral
Agent”).

 

This Joinder Agreement supplements the Security Agreement
and is delivered by the undersigned, Johnstone Tank Trucking Ltd. (the “New Obligor”), pursuant to Section 5.11 of the Security
Agreement.  The New Obligor hereby agrees
to be bound as an Obligor party to the Security Agreement by all of the terms, covenants
and conditions set forth in the Security Agreement to the same extent that it would
have been bound if it had been a signatory Obligor to the Security Agreement on
the date of the Security Agreement. Without limiting the generality of the
foregoing, the New Obligor grants to the Collateral Agent, for the benefit of
the Secured Creditors, a security interest in, and assigns, mortgages, charges,
hypothecates and pledges to the Collateral Agent, for the benefit of the
Secured Creditors, substantially all of the property of such New Obligor of the
type and description set forth in Section 2.1 of the Security Agreement
whether now owned or hereafter acquired. The New Obligor also expressly assumes
all obligations and liabilities of an Obligor thereunder. The New Obligor
hereby makes each of the representations and warranties and agrees to each of the
covenants applicable to the Obligors contained in the Security Agreement.

 

 

Annexed hereto are supplements to each of the
schedules to the Perfection Certificate, as applicable, with respect to the New
Obligor. Such supplements shall be deemed to be part of the Security Agreement.

 

This Joinder Agreement and any amendments, waivers,
consents or supplements hereto may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original, but all such
counterparts together shall constitute one and the same agreement.

 

This Joinder Agreement will be governed by, interpreted
and enforced in accordance with, the laws of the Province of Alberta and the
federal laws of Canada applicable therein.

 

IN WITNESS WHEREOF, the New Obligor has caused this
Joinder Agreement to be executed and delivered by its duly authorized officer
as of the date first above written.

 

	
   

  	
  JOHNSTONE TANK TRUCKING LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard G. Taylor

  
	
   

  	
   

  	
  Name: Richard G. Taylor 

  
	
   

  	
   

  	
  Title: Executive Vice President, Finance and Chief
  Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Accepted and Agreed:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  BNY TRUST
  COMPANY OF CANADA, AS COLLATERAL AGENT

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Farhan Mir

  	
   

  
	
   

  	
  Name: Farhan Mir 

  	
   

  
	
   

  	
  Title: Authorized SignatoryExhibit 4.26

 

SUBSIDIARY GUARANTEE

 

JOINDER AGREEMENT

 

Johnstone Tank Trucking Ltd.

1700, 440 – 2nd Avenue S.W.

Calgary, AB  T2P 5E9

 

February 9, 2010

 

The Bank of New York Mellon

101 Barclay Street, 4E

New York, NY  10286

 

Ladies and Gentlemen:

 

Reference is made to the Guarantee-Subsidiary
Guarantors (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Guarantee”;
capitalized terms used but not otherwise defined herein shall have the meanings
assigned to such terms in the Guarantee), dated as of May 27, 2009 made by
Moose Jaw Refinery Partnership, Moose Jaw Refinery ULC, CanWest Propane
Partnership, CanWest Propane ULC, MP Energy Partnership, MP Energy ULC, Gibson
Energy Partnership, GEP ULC, Link Petroleum Services Ltd., Chief Hauling
Contractors ULC, Gibson GCC Inc., Battle River Terminal GP Inc., Battle River
Terminal LP and Bridge Creek Trucking Ltd. (each a “Guarantor”
and together the “Guarantors”) in
favour of The Bank of New York Mellon, as Trustee (in such capacity and
together with any successors and permitted assigns in such capacity, the “Trustee”) and the other Secured Creditors (as defined
therein).

 

This Joinder Agreement supplements the Guarantee and
is delivered by the undersigned, Johnstone Tank Trucking Ltd. (the “New Guarantor”), pursuant to Section 4.2 of the
Guarantee.  The New Guarantor hereby
agrees to be bound as a Guarantor party to the Guarantee by all of the terms,
covenants and conditions set forth in the Guarantee to the same extent that it
would have been bound if it had been a signatory Guarantor to the Guarantee on
the date of the Guarantee.  Without
limiting the generality of the foregoing, the New Guarantor guarantees to each
of the Secured Creditors the due and punctual payment, and the due performance,
whether at stated maturity, by acceleration or otherwise, of the Note
Obligations.  The New Guarantor also
expressly assumes all obligations and liabilities of a Guarantor thereunder.  The New 

 

 

Guarantor hereby makes each of the representations and
warranties and agrees to each of the covenants applicable to the Guarantors
contained in the Guarantee.

 

Annexed hereto are supplements to each of the
schedules to the Guarantee with respect to the New Guarantor.  Such supplements shall be deemed to be part of
the Guarantee.

 

This Joinder Agreement and any amendments, waivers,
consents or supplements hereto may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original, but all such
counterparts together shall constitute one and the same agreement.

 

This Joinder Agreement will be governed by,
interpreted and enforced in accordance with, the laws of the Province of
Alberta and the federal laws of Canada applicable therein.

 

IN WITNESS WHEREOF, the New Guarantor has caused this
Joinder Agreement to be executed and delivered by its duly authorized officer
as of the date first above written.

 

	
   

  	
  JOHNSTONE TANK TRUCKING LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard G. Taylor

  
	
   

  	
   

  	
  Name: Richard G. Taylor

  
	
   

  	
   

  	
  Title: Executive Vice President, Finance and Chief
  Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Accepted and Agreed:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  THE
  BANK OF NEW YORK MELLON, AS TRUSTEE

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Lici Zhu

  	
   

  
	
   

  	
  Name: 

  	
  Lici Zhu

  	
   

  
	
   

  	
  Title:

  	
  Assistant Vice President

  	
   

  

 

 

SCHEDULE “A”

 

GUARANTOR SECURITY DOCUMENTS

 

1.                                       Security Agreement of even date herewith
made by Johnstone Tank Trucking Ltd. to and in favour of the Collateral Agent
for the benefit of the Secured Creditors (as defined therein).

 

2.                                       Demand Debenture of even date herewith
made by Johnstone Tank Trucking Ltd. to and in favour of the Collateral Agent
for the benefit of the Secured Creditors (as defined therein).

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