Document:

Exhibit

EXHIBIT 10.71
Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

AMENDMENT NUMBER 26

TO

Special Business Provisions (SBP) BCA-MS-65530-0019

BETWEEN

THE BOEING COMPANY

AND

SPIRIT AEROSYSTEMS, INC.

THIS AMENDMENT NUMBER 26 (“Amendment No. 26”) to Special Business Provisions BCA-MS-65530-0019 is made as of the last date executed below (the “Effective Date”) by and between Spirit AeroSystems, Inc., a Delaware corporation having its principal office in Wichita, Kansas (“Spirit”) and The Boeing Company, a Delaware corporation, acting by and through its division, Boeing Commercial Airplanes  (“Boeing”).  Hereinafter, Spirit and Boeing may be referred to jointly as the “Parties”.

BACKGROUND
 
		
	A.
	The Parties have entered into the General Terms Agreement, GTA BCA-65520-0032, dated June 16, 2005 as amended from time to time (the “GTA”) and the Special Business Provisions, BCA-MS-65530-0019, dated June 16, 2005 as amended from time to time (the "SBP") and now desire to again amend the SBP.  

		
	B.
	This Amendment No. 26 incorporates the Parties’ agreement to transfer procurement responsibility for certain Partner Managed Inventory (“PMI”) parts from Boeing to Spirit as specified below. 

AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and for other good and valuable consideration, the value, receipt, and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

		
	1.
	The SBP is hereby amended by deleting the SBP Table of Contents listing of Attachments and replacing it in its entirety with a new Table of Contents listing of Attachments, attached hereto as Exhibit 1. 

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 1 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

		
	2.
	The SBP is hereby amended by deleting the SBP Table of Amendments Page 4 and replacing it in its entirety with a new Table of Amendments Page 4, attached hereto as Exhibit 2. 

		
	3.
	The SBP is hereby amended by adding a new SBP Section 12.8.6 “Partner Managed Inventory De-Implementation”, attached hereto as Exhibit 3. 

		
	4.
	The SBP is hereby amended by deleting SBP Attachment 1 “Work Statement and Pricing” and replacing it in its entirety with a new SBP Attachment 1, attached hereto as Exhibit 4.  

		
	5.
	The SBP is hereby amended by deleting SBP Attachment 27 “Risk Sharing” Section II “Baseline Prices and Risk Sharing Control Limits” Subsection A and replacing it in its entirety with a new SBP Attachment 27 Section II Subsection A, attached hereto as Exhibit 5.

		
	6.
	The SBP is hereby amended by adding a new SBP Attachment 31 “Partner Managed Inventory De-Implementation”, attached hereto as Exhibit 6. 

		
	7.
	Entire Agreement. Except as otherwise indicated in this Amendment No. 26, all terms defined in the GTA or SBP shall have the same meanings when used in this Amendment No. 26.  This Amendment No. 26 constitutes the complete and exclusive agreement between the Parties with respect to the subject matter of this Amendment No. 26, and this Amendment No. 26 supersedes all previous agreements between the Parties relating to the subject matter of Amendment No. 26, whether written or oral. The GTA and SBP shall remain in full force and effect and are not modified, revoked, or superseded except as specifically stated in this Amendment No. 26.

IN WITNESS WHEREOF, the duly authorized representatives of the Parties have executed this Amendment No. 26 as of the last date of execution set forth below. 

	
					
	The Boeing Company
	 
	Spirit AeroSystems Inc.

	Acting by and through its division
	 
	 
	 

	Boeing Commercial Airplanes
	 
	 
	 

	 
	 
	 
	 
	 

	By:
	/s/ Ronald Satterthwaite
	 
	By:
	/s/ Leanna Hampton

	Name:
	Ronald Satterthwaite
	 
	Name:
	Leanna Hampton

	Title:
	Procurement Agent
	 
	Title:
	Contract Administrator

	Date:
	December 14, 2017
	 
	Date:
	December 14, 2017

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 2 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 1

Signature Page

Attachment 1     Work Statement and Pricing
Attachment 2        Production Article Definition and Contract Change Notices
Attachment 3        [Reserved]
Attachment 4        Work Statement Documents
Attachment 5        Boeing AOG Coverage
Attachment 6        Boeing AOG Shipping Notification
Attachment 7        Priced Parts List and Spares Pricing
Attachment 8        Spirit Data Submittals
Attachment 9        On-Site Terms and Conditions Supplement
Attachment 10    Quality Assurance Requirements
Attachment 11    Second Tier Report
Attachment 12    Non-U.S. Procurement Report Form
Attachment 13    [Reserved]
Attachment 14    Production Article Delivery Schedule
Attachment 15    Schedule Change Examples
Attachment 16    Pricing Methodologies
Attachment 17    Commercial Invoice Requirements (Customs Invoice) For Imports
into the United States
Attachment 18    Abnormal Escalation
Attachment 19    [Reserved]
Attachment 20    Bonded Stores Requirements
Attachment 21    Boeing Furnished Material and Inventory Reporting Form
Attachment 22    Compliance and Cooperation regarding orders, Permits and
Approvals
Attachment 23    Derivatives and Mission Improvement Performance to Plan
Attachment 24    Anti-Lobbying Certificate
Attachment 25    Incentive Payment
Attachment 26    Total Cost Management
Attachment 27    Risk Sharing
Attachment 28    Business Case for Rates Greater Than 14 Shipsets Per Month
Attachment 29    Incentive Payment for Quality
Attachment 30    Cost Reduction Achievement Credit
Attachment 31    Partner Managed Inventory De-Implementation

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 3 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 2

AMENDMENTS
Page 4

	
				
	Number
	Description
	Date
	Approval

	23
	Annual Price Adjustment thru Line Number [*****]
1.
Updated SBP Attachments 1, 2, and 27
Boeing Performed Rework and Repair
1.
Updated SBP Attachment 16 Table A.1
	8/3/15

	J. Loomis
L. Hampton

	24
	Annual Price Adjustment thru Line Number [*****]
1.
Updated SBP Attachments 1, 2, 3, and 27
Boeing Performed Rework and Repair
1.
Updated SBP Attachment 16 Table A.1
	12/16/15

	J. Loomis
L. Hampton

	25
	MOU Dated 8-1-17 (Collective Resolution)
1.
Amended SBP Sections 3.2.1, 4.1.3, 4.2, 4.3.1.1, 4.10, 4.12, 5.2.1, 7.2.1, 7.2.2, 7.5.1, 7.8.2, 8.1, 11.2, 12.6, and 12.8.1
2.
Updated SBP Attachments 1, 2, 3, 7, 10, 16, 26, 27, 28, and 30
Annual Shipset Price Adjustment thru Line Number [*****]
1.
Updated SBP Attachments 1, 2, and 27
Annual Shipset Price Adjustment thru Line Number [*****]
1.
Updated SBP Attachments 1 and 2
	9/22/17

	J. Will
M. Kurimsky

	26
	Boeing Performed Rework and Repair
1.
Updated SBP Attachment 16 Table A.1

PMI De-Implementation
1.
Updated SBP Attachments 1 and 27
2.
Added SBP Section 12.8.6 and Attachment 31

	12/14/17

	R. Satterthwaite
L. Hampton

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 4 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 3

12.8.6 Partner Managed Inventory De-Implementation

The Parties hereby agree to transfer procurement responsibility for certain Partner Managed Inventory (“PMI”) parts from Boeing to Spirit as set forth in SBP Attachment 31 “Partner Managed Inventory De-Implementation”.

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 5 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 4

SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS

WORK STATEMENT AND PRICING

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 6 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 4
SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS

WORK STATEMENT AND PRICING (cont.)

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 7 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 4
SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS

WORK STATEMENT AND PRICING (cont.)

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 8 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 5

SBP ATTACHMENT 27 TO
SPECIAL BUSINESS PROVISIONS

Risk Sharing (cont.)

		
	I.
	Baseline Prices and Risk Sharing Control Limits

		
	A.
	The annual supplemental payment or credit process contained in this Attachment 27 shall utilize the following baseline prices and risk sharing control limits.  All prices and calculations shall be made on a total Shipset basis and not at an individual Work Package basis.  Upon the establishment of Pricing for a Derivative, a table applicable to such Derivative shall be established and used.   Prior to each annual calculation of the supplemental payment or credit, Column (A) shall be updated to reflect the Shipset Prices as determined in each first calendar quarter update in accordance with SBP Section 7.2 and Attachment 16:

 
	
				
	787-8 Model
	(A)
	(B)
	(C)

	 
	Attachment 1 Price
	Upper Limit
	Lower Limit

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	[*****]
	[*****]

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 9 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 5

SBP ATTACHMENT 27 TO
SPECIAL BUSINESS PROVISIONS

Risk Sharing (cont.)

	
				
	787-9 Model
	(A)
	(B)
	(C)

	 
	Attachment 1 Price
	Upper Limit
	Lower Limit

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	[*****]
	[*****]

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	
				
	787-10 Model
	(A)
	(B)
	(C)

	 
	Attachment 1 Price less Attachment 31 Exhibit B Recurring Supplemental Payment
	Upper Limit
	Lower Limit

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

	Shipsets [*****] - [*****]
	$[*****]
	[*****]
	[*****]

	Shipsets [*****] - [*****]
	$[*****]
	+[*****]%
	-[*****]%

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 10 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 6

SBP ATTACHMENT 31 TO
SPECIAL BUSINESS PROVISIONS

Partner Managed Inventory De-Implementation
(Reference SBP Section 12.8.6) 

		
	I.
	Spirit shall directly contract with sub-tier suppliers for the provision of certain Partner Managed Inventory (“PMI”) parts (identified in Exhibit A hereto) and any part rolls thereto (“Parts”), which are currently purchased by Boeing, and Boeing shall pay Spirit a supplemental amount for these Parts, all as further specified herein. Such supplemental amounts, which are set forth in Exhibit B hereto, are incorporated into the SBP Attachment 1 pricing and shall be subject to adjustment to reflect any changes pertaining to the design or specifications of the Parts. 

		
	II.
	The procurement responsibility for the Parts shall be transferred from Boeing to Spirit at the incorporation points identified in Exhibit A hereto. The Parties have mutually agreed on the initial sub-tier suppliers of the Parts as set forth in Exhibit A. 

		
	III.
	Boeing shall retain engineering responsibility for the Parts. The Parties acknowledge that the Parts are build-to-print to Boeing’s design specifications and drawings.  Spirit and its suppliers shall have no design responsibility for the Parts.

		
	IV.
	Upon mutual agreement, the Parties may amend this SBP Attachment 31 to modify the Parts listing and supplemental amounts.  

		
	V.
	The provisions set forth in SBP Section 3.3.4 “Tooling” shall apply to this SBP Attachment 31. For the avoidance of doubt, except as provided in GTA Section 7.2.E “Termination Instructions”, GTA Section 8.2.F “Tooling and Other Materials”, and GTA Section 9.3 “Transfer of Certain Property”, Spirit or its subcontractors shall retain legal title to the Tooling used to manufacture the Parts.  

		
	VI.
	For purposes of calculating the annual risk sharing supplemental payment or credit as provided in SBP Attachment 27, the supplemental amounts set forth in Exhibit B hereto shall be excluded when calculating the average Shipset Price and control limits as set forth in SBP Attachment 27 Section II.A and the amounts set forth in Exhibit C hereto shall be excluded when calculating Spirit’s average Shipset cost.  

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 11 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 6

SBP ATTACHMENT 31 TO
SPECIAL BUSINESS PROVISIONS
Partner Managed Inventory De-Implementation (cont.)

Exhibit A

	
					
	Part Number
	Quantity per Shipset
	Models
	Incorp. LN
	Initial 
Supplier

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 12 of 13

Confidential portions of this exhibit have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment No. 26 Exhibit 6

SBP ATTACHMENT 31 TO
SPECIAL BUSINESS PROVISIONS
Partner Managed Inventory De-Implementation (cont.)

Exhibit B

	
					
	Work Package
	Line Numbers
	Recurring Supplemental Payment

	787-8
	787-9
	787-10

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

Exhibit C

	
					
	Work Package
	Line Numbers
	Established Transfer Cost

	787-8
	787-9
	787-10

	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

787 SBP between Boeing and Spirit     
SBP BCA-MS-65530-0019, Amendment No. 26                         Boeing Initials:_____ Spirit Initials:_____

Page 13 of 13Exhibit

Exhibit 10.1

AMENDMENT NO. 3 TO CREDIT AGREEMENT

AMENDMENT NO. 3 TO CREDIT AGREEMENT, dated as of February 5, 2018 (this “Amendment”), to the Amended and Restated Credit Agreement dated as of February 14, 2017 (as amended by Amendment No. 1 to Credit Agreement dated as of March 31, 2017, Amendment No. 2 to Credit Agreement dated June 2, 2017 and as otherwise amended, supplemented and modified from time to time, the “Credit Agreement”) among NGL ENERGY PARTNERS LP, a Delaware limited partnership (“Parent”), NGL ENERGY OPERATING LLC, a Delaware limited liability company (“Borrowers’ Agent”), each subsidiary of the Parent identified as a “Borrower” under the Credit Agreement (together with the Borrowers’ Agent, each, a “Borrower” and collectively, the “Borrowers”), each subsidiary of Parent identified as a “Guarantor” under the Credit Agreement (together with the Parent, each, a “Guarantor” and collectively, the “Guarantors”) DEUTSCHE BANK AG, NEW YORK BRANCH, as technical agent (in such capacity, together with its successors in such capacity, the “Technical Agent”) and DEUTSCHE BANK TRUST COMPANY AMERICAS (“DBTCA”), as administrative agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (as defined below) (in such capacity, together with its successors in such capacity, the “Collateral Agent”) and each financial institution identified as a “Lender” or an “Issuing Bank” under the Credit Agreement (each, a “Lender” and together with the Technical Agent, the Administrative Agent and the Collateral Agent, the “Secured Parties”).
RECITALS
WHEREAS, the Borrowers have requested certain amendments to the Credit Agreement; and
WHEREAS, the Lenders have agreed to amend the Credit Agreement solely upon the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and the agreements hereinafter set forth, the parties hereto hereby agree as follows:
1.Defined Terms.  Unless otherwise noted herein, terms defined in the Credit Agreement and used herein shall have the respective meanings given to them in the Credit Agreement.

2.Amendment to Section 1.1 (Certain Defined Terms) of the Credit Agreement.  The defined term “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is hereby amended by adding the following sentence at the end of the existing defined term:

“Solely for the two fiscal quarters ending December 31, 2017 and March 31, 2018, Consolidated EBITDA may be adjusted (without duplication) to include the Accrued Blenders Tax Credits; provided that such adjustments shall not exceed in the aggregate $26,800,000, whether applied in a single fiscal quarter or applied over such two fiscal quarters, determined by the Borrowers’ Agent in its discretion, which determination shall be confirmed to the Administrative Agent in writing or other authenticated record; provided further that if by June 30, 2018, 26 U.S.C. § 6426(c)(6) of the Code has not been amended to permit the accrual of tax credits under 26 U.S.C. § 6426(c) for calendar year 2017, each determination of Consolidated EBITDA on and after June 30, 2018 that includes a fiscal quarter ending either December 31, 2017 or March 31, 2018, shall be made without including the Accrued Blenders Tax Credit.”
3.Amendment to Section 1.1 (Certain Defined Terms) of the Credit Agreement.  Section 1.1 of the Credit Agreement is hereby amended by adding the following new defined terms “Accrued Blenders Tax Credits,” “Blenders Tax Credits” and “Retail West Disposition” in their respective alphabetical order therein:

““Accrued Blenders Tax Credits” means the Blenders Tax Credit that would have been properly determined under 26 U.S.C. § 6426(c) of the Code and accrued to the Credit Parties for their biodiesel related activities between January 1, 2017 and December 31, 2017 had the effectiveness of 26 U.S.C. § 6426(c) of the Code not terminated as of December 31, 2016; provided that such Blenders Tax Credits would not otherwise be eligible to be recognized by the Credit Parties under GAAP accounting rules.”
““Blenders Tax Credits” means a tax credit available with respect to biodiesel fuel mixtures pursuant to 26 U.S.C. § 6426(c) of the Code for certain taxpayers that used or sold certain biodiesel mixtures.”

““Retail West Disposition” means the sale of 100% of the issued and outstanding limited liability company membership interests of Hicksgas, LLC, a Delaware limited liability company, pursuant to the terms and conditions of the Retail West Purchase Agreement.”
““Retail West Purchase Agreement” means that certain Membership Interest Purchase Agreement dated as of November 6, 2017, entered by and among, NGL Propane LLC, a Delaware limited liability company, Parent, DCC LPG Holdings, Inc., a Delaware corporation, and DCC Energy UK Limited.”
4.Amendment to Section 7.4 (Dispositions) of the Credit Agreement.  Section 7.4 of the Credit Agreement is hereby amended by inserting the below at the end of existing clause (5) of such section:

“provided further that this clause 5 shall not be applicable to the Retail West Disposition and, for the avoidance of doubt, with respect to any determination as to whether the Credit Parties have exceeded the 7.5% limit on Dispositions for fiscal year 2018, the assets sold in the Retail West Disposition shall be excluded from such determination.”
5.Amendment to Section 7.4 (Dispositions) of the Credit Agreement.  Section 7.4 of the Credit Agreement is hereby further amended as follows: (i) by deleting the “and” as it appears at the end of clause (7) thereof, (ii) by deleting the “.” at the end of clause (8) thereof and inserting in lieu thereof “; and” and (iii) by inserting the following as a new clause in the appropriate numeric order:

(9)    “the Credit Parties may consummate the Retail West Disposition.”
6.Representations and Warranties; No Default.  To induce the Lenders to enter into this Amendment, each Credit Party that is a party hereto (by delivery of its respective counterpart to this Amendment) hereby (i) represents and warrants to the Administrative Agent and the Lenders that after giving effect to this Amendment, its representations and warranties contained in the Credit Agreement and other Loan Documents are true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date); (ii) represents and warrants to the Administrative Agent and the Lenders that it (x) has the requisite power and authority to make, deliver and perform this Amendment; (y) has taken all necessary corporate, limited liability company, limited partnership or other action to authorize its execution, delivery and performance of this Amendment, and (z) has duly executed and delivered this Amendment and (iii) certifies that no Default or Event of Default has occurred and is continuing under the Credit Agreement (after giving effect to this Amendment) or will result from the making of this Amendment.

7.Effectiveness of Amendments.  This Amendment shall become effective upon the first date on which each of the following conditions has been satisfied:

(a)Amendment Documents.  The Administrative Agent shall have received this Amendment, duly executed and delivered by each of the Credit Parties, and by Lenders constituting the Required Lenders.

(b)Fees and Expenses.  The Borrowers shall, upon demand, pay to the Administrative Agent (i) the aggregate amount of the amendment work fees due to the Lenders party hereto in accordance with the offer made in the amendment request prepared in connection with this Amendment and (ii) any and all other reasonable fees, costs and expenses that are for the account of the Borrowers pursuant to Section 10.9 of the Credit Agreement, including all such fees, costs and expenses incurred in connection with this Amendment.

(c)Proceedings and Documents.  All corporate and other proceedings pertaining directly to this Amendment and all documents, instruments directly incident to this Amendment shall be satisfactory to the required Lenders and their respective counsel and the Technical Agent shall have received all such counterpart originals or certified or other copies of such documents as the Technical Agent may reasonably request.

8.Retail West Releases; Proceeds Application.  By executing this Amendment, each Lender party hereto consents, subject to the consummation of the Retail West Disposition in accordance with the terms of the Retail West Purchase Agreement, to the release of (and authorizes the Collateral Agent to release) Hicksgas, LLC from its Guaranty and its other obligations under the Loan Documents.  The Credit Parties hereby agree to use the proceeds (net of expenses) of the Retail West Disposition to pay down existing Indebtedness no later than five (5) Business days after the Retail West Disposition is consummated.

2

9.Limited Effect.  Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect.  The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or the other Loan Documents or for any purpose, except as expressly set forth herein, or a consent to any further or future action on the part of any Credit Party that would require the waiver or consent of the Lenders.  This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

10.GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAW OF THE STATE OF NEW YORK.

11.Counterparts.  This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart.  Delivery of an executed counterpart hereof by facsimile or email transmission shall be effective as delivery of a manually executed counterpart hereof.

12.Headings.  Section or other headings contained in this Amendment are for reference purposes only and shall not in any way affect the meaning or interpretation of this Amendment.

13.Guarantor Acknowledgement.  Each Guarantor party hereto hereby (i) consents to the modifications to the Credit Agreement contemplated by this Amendment and (ii) acknowledges and agrees that its guaranty pursuant to Section 10.18 of the Credit Agreement is, and shall remain, in full force and effect after giving effect to the Amendment.

14.Lender Acknowledgement.  Each undersigned Lender, by its signature hereto, hereby authorizes and directs DBTCA in its capacity as Administrative Agent and as Collateral Agent to execute this Amendment.

[Signature Pages Follow]

3

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

BORROWERS’ AGENT AND BORROWER:

NGL ENERGY OPERATING LLC,
a Delaware limited liability company

		
	By:
	/s/ Robert W. Karlovich III

		
	Name:
	Robert W. Karlovich III

		
	Title:
	Chief Financial Officer and Executive Vice President

PARENT:

NGL ENERGY PARTNERS LP,
a Delaware limited partnership

		
	By:
	/s/ Robert W. Karlovich III

		
	Name:
	Robert W. Karlovich III

		
	Title:
	Chief Financial Officer and Executive Vice President

Signature Page to Amendment No. 3 to Credit Agreement

GUARANTORS:
ANTICLINE DISPOSAL, LLC
CENTENNIAL ENERGY, LLC
CENTENNIAL GAS LIQUIDS ULC
CHOYA OPERATING, LLC
GRAND MESA PIPELINE, LLC
HICKSGAS, LLC
HIGH SIERRA CRUDE OIL AND MARKETING, LLC
HIGH SIERRA ENERGY, LP
NGL CRUDE CANADA, ULC
NGL CRUDE CANADA HOLDINGS, LLC
NGL CRUDE CUSHING, LLC
NGL CRUDE LOGISTICS, LLC
NGL CRUDE PIPELINES, LLC
NGL CRUDE TERMINALS, LLC
NGL CRUDE TRANSPORTATION, LLC
NGL ENERGY EQUIPMENT, LLC
NGL ENERGY FINANCE CORP.
NGL ENERGY HOLDINGS II, LLC
NGL ENERGY LOGISTICS, LLC
NGL ENERGY OPERATING LLC
NGL ENERGY PARTNERS LP
NGL LIQUIDS, LLC
NGL-MA, LLC
NGL-MA REAL ESTATE, LLC
NGL MARINE, LLC
NGL MILAN INVESTMENTS, LLC
NGL-NE REAL ESTATE, LLC
NGL PROPANE, LLC
NGL SHIPPING AND TRADING, LLC
NGL SUPPLY TERMINAL COMPANY, LLC
NGL SUPPLY TERMINAL SOLUTION MINING, LLC
NGL SUPPLY WHOLESALE, LLC 
NGL WATER SOLUTIONS, LLC
NGL WATER SOLUTIONS BAKKEN, LLC
NGL WATER SOLUTIONS DJ, LLC
NGL WATER SOLUTIONS EAGLE FORD, LLC
NGL WATER SOLUTIONS MID-CONTINENT, LLC
NGL WATER SOLUTIONS PERMIAN, LLC
OPR, LLC
OSTERMAN PROPANE, LLC
SAWTOOTH NGL CAVERNS, LLC
TRANSMONTAIGNE LLC
TRANSMONTAIGNE PRODUCT SERVICES LLC
TRANSMONTAIGNE SERVICES LLC

		
	By:
	/s/ Robert W. Karlovich III

		
	Name:
	Robert W. Karlovich III

		
	Title:
	Chief Financial Officer and Executive Vice President

Signature Page to Amendment No. 3 to Credit Agreement

SECURED PARTIES:

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent

		
	By:
	/s/ Chris Chapman

		
	Name:
	Chris Chapman

		
	Title:
	Director

		
	By:
	/s/ Shai Bandner

		
	Name:
	Shai Bandner

		
	Title:
	Director

DEUTSCHE BANK AG, NEW YORK BRANCH, 
as a Lender, as Swingline Lender, as an Issuing Bank and as Technical Agent

		
	By:
	/s/ Chris Chapman

		
	Name:
	Chris Chapman

		
	Title:
	Director

		
	By:
	/s/ Shai Bandner

		
	Name:
	Shai Bandner

		
	Title:
	Director

Signature Page to Amendment No. 3 to Credit Agreement

ROYAL BANK OF CANADA,
as a Lender

		
	By:
	/s/ Jason York

		
	Name:
	Jason York

		
	Title:
	Authorized Signatory

BNP PARIBAS,
as a Lender and Issuing Bank

		
	By:
	/s/ Delphine Gaudiot

		
	Name:
	Delphine Gaudiot

		
	Title:
	Director

		
	By:
	/s/ Redi Meshi

		
	Name:
	Redi Meshi

		
	Title:
	Vice President

PNC BANK, NATIONAL ASSOCIATION
as a Lender

		
	By:
	/s/ John Berry

		
	Name:
	John Berry

		
	Title:
	Senior Vice President

BARCLAYS BANK PLC,
as a Lender

		
	By:
	/s/ Sydney G. Dennis

		
	Name:
	Sydney G. Dennis

		
	Title:
	Director

Signature Page to Amendment No. 3 to Credit Agreement

ABN AMRO CAPITAL USA LLC,
as a Lender

		
	By:
	/s/ Darrell Holley

		
	Name:
	Darrell Holley

		
	Title:
	Managing Director

		
	By:
	/s/ Anna C. Ferreira

		
	Name:
	Anna C. Ferreira

		
	Title:
	Vice President

TORONTO DOMINION BANK, NEW YORK BRANCH,
as a Lender

		
	By:
	/s/ Annie Dorval

		
	Name:
	Annie Dorval

		
	Title:
	Authorized Signatory

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Lender

		
	By:
	/s/ Jacob L. Osterman

		
	Name:
	Jacob L. Osterman

		
	Title:
	Director

MIZUHO BANK, LTD.,
as a Lender

		
	By:
	/s/ Leon Mo

		
	Name:
	Leon Mo

		
	Title:
	Authorized Signatory

Signature Page to Amendment No. 3 to Credit Agreement

UBS AG, STAMFORD BRANCH,
as a Lender

		
	By:
	/s/ Houssem Daly

		
	Name:
	Houssem Daly

		
	Title:
	Associate Director

		
	By:
	/s/ Darlene Arias

		
	Name:
	Darlene Arias

		
	Title:
	Director

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
as a Lender

		
	By:
	/s/ Nupur Kumar

		
	Name:
	Nupur Kumar

		
	Title:
	Authorized Signatory

		
	By:
	/s/ Christopher Zybrick

		
	Name:
	Christopher Zybrick

		
	Title:
	Authorized Signatory

GOLDMAN SACHS BANK USA,
as a Lender

		
	By:
	/s/ Chris Lam

		
	Name:
	Chris Lam

		
	Title:
	Authorized Signatory

MACQUARIE BANK LIMITED,
as a Lender

		
	By:
	             

Name:        
Title:    

		
	By:
	             

Name:        
Title:

Signature Page to Amendment No. 3 to Credit Agreement

RAYMOND JAMES BANK, N.A.,
as a Lender

		
	By:
	/s/ Scott G. Axelrod

		
	Name:
	Scott G. Axelrod

		
	Title:
	Senior Vice President

CITIZENS BANK, N.A.,
as a Lender

		
	By:
	/s/ Scott Donaldson

		
	Name:
	Scott Donaldson

		
	Title:
	Senior Vice President

Signature Page to Amendment No. 3 to Credit Agreement

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