Document:

Exhibit 10.2

 

Exhibit 10.2

 

CONFIDENTIAL SERVICES AGREEMENT

 

This Confidential Services Agreement (hereinafter
referred to as "Agreement") is effective as of the
5th
day of
June, 2019 (hereinafter “the Effective Date”), by and
between Don Polly, LLC, a Nevada limited liability company,
(hereinafter referred to as "Don Polly"), and Charlie’s Chalk
Dust, a California limited liability company, (hereinafter referred
to as "Contractor"). Contractor and Don Polly shall collectively be
the “Parties”.

 

 

WHEREAS,
Contractor possess highly unique knowledge, skills, and abilities
including, but not limited to those involving the marketing, sale,
business development and customer service operations necessary to
significantly increase the sales of Don Polly’s products and
goods, develop and proliferate Don Polly’s brand, and enable
Don Polly to reach new customers, and markets while satisfying and
retaining existing customers; and

 

WHEREAS, Don
Polly is distributor and purveyor of consumer goods infused with
cannabinoids including cannabidiol
(CBD)
who wishes to engage Contractor to perform Services so that Don
Polly may utilize the same to increase the likelihood of its
profitability and commercial success.

 

NOW, THEREFORE, in
consideration of the mutual promises agreed to herein, the Parties
hereto agree as follows:

 

1. SERVICES.

 

1.1 Nature
of Services. Contractor
will, at Don Polly’s request, work on
the development
and creation, and will create, Don Polly’s sales strategy,
brand, brand development and brand strategy, marketing strategy,
and marketing collateral, customer service strategy and at Don
Polly’s request, perform sales functions, branding functions,
marketing functions, and functions relating to Don Polly’s
customer service operations. Contractor understands the Don Polly
wishes to outsource this work to Contractor and the Parties agree
that Contractor will perform all of the above work, functions and
services (collectively, the “Services”)
as requested by and on behalf of Don Polly. The Parties agree that
the Services shall be done by Contractor exclusively on a
“work for hire basis”, as that term is understood
within the meaning of the Copyright Act of 1976, as amended. The
Parties agree that the Services have been and will be specifically
ordered and specifically commissioned by Don Polly. The Services
shall be requested by Don Polly in person and/or via electronic
mail via an email address provided by Don Polly to Contractor. Don
Polly agrees that Contractor's services need not be rendered at any
specific location and may be rendered via email or other forms of
communication, whether virtually, remotely or in person, and at any
location selected by Contractor. Nothing in this Agreement shall
require or permit Contractor to exert any direction, management, or
control over Don Polly in Contractor’s providing the Services
and nothing shall require or permit Don Polly to exert any
direction, management or control over Contractor. Notwithstanding
the above, it is understood that Don Polly shall provide guidance
to Contractor with respect to the Services so that Contractor, in
its capacity as an independent contractor may perform the Services
that Don Polly specifically commissions Contractor to perform as an
independent contractor.

 

 

 

     

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2. Assignment.
To the
extent that any intellectual property Contractor creates in
connection with Contractor’s specially commissioned work for
Don Polly does not qualify as “work for hire”, within
the meaning of the Copyright Act of 1976, as amended, Contractor
hereby assigns to Don Polly any right, title or interest that
Contractor may have or may be able to obtain with respect to such
specially commissioned work including all copyrights, trademarks,
patents, and other proprietary rights for valuable consideration
hereby acknowledged. Contractor further agrees to sign, upon 72
hours of request of any Commissioning Don Polly any documents
needed to confirm such assignment to Don
Polly.

 

3. License.
Notwithstanding
the “Work for Hire” and “Assignment”
provisions above, in the event that Contractor is deemed to own or
have any intellectual property rights that are used, embodied, or
reflected in specially commissioned work for Don Polly, or any
component or derivative thereof, Contractor hereby grants Don
Polly, its successors and assigns, an irrevocable, perpetual,
exclusive, worldwide, royalty-free right and license to use,
execute, reproduce, display, and exploit all intellectual property
rights that Contractor may otherwise
have.

 

4. Authority.
Contractor
warrants and represents that (i) Contractor has the legal right and
authority to enter into this Agreement and perform its obligations
under this Agreement; (ii) the performance of Contractor’s
obligations hereunder will not violate any applicable laws or
regulations or cause a breach of any agreements with any third
parties; (iii) Contractor will perform the services required by
this Agreement in a professional and workmanlike manner in
accordance with the generally accepted professional standards in
effect at the time of such performance.

 

5. Remedies.
Contractor
agrees that any breach, or threatened breach, of this Agreement by
Contractor could cause irreparable damage to Don Polly and that in
the event of such breach, or threatened breach, Don Polly shall
have, in addition to any and all remedies of law, the right to an
injunction, specific performance and all other equitable relief to
prevent the violation of any of Contractor’s obligations
hereunder without the necessity of any proof of actual damages or
the posting of a bond or other security.

 

6. Inconsistent
Acts. Contractor
agrees that Contractor will take no act in furtherance of
Contractor’s obligations under this Agreement which may or
actually cause harm of any kind to Don Polly or expose the Don
Polly to liability for damages to Contractor, Contractor’s
youth athletes, spectators, parents or guardians of any youth
athlete or any third party.

 

7. Reimbursements.
Don
Polly will reimburse Contractor for all business expenses which are
preapproved in writing by Don Polly and incurred or paid by
Contractor in the performance of Contractor’ duties and
responsibilities for Don Polly. Contractor agrees not to incur any
expense greater than $550.00 without written preapproval from Don
Polly. Contractor agrees that Don Polly shall not be liable for any
expense which has not first been preapproved in
writing.

 

8. Termination
of Contractor. This
Agreement shall be unilaterally terminable by Contractor in
Contractor’s sole discretion, and terminable by Contractor at
any time Contractor wishes.

 

 

 

 

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8.1

Relationship of the Parties. Contractor
enters into this Agreement as, and shall continue to be, an
independent contractor. All Services shall be performed only by
Contractor. Under no circumstances shall Contractor, or any of
Contractor's employees, directors, or officers, look to Don Polly
as his/her employer, or as a partner, agent or principal, and vice
versa. Neither Contractor, nor any of Contractor's employees,
directors, or officers, shall be entitled to any benefits accorded
to Don Polly's employees, including without limitation worker's
compensation, disability insurance, vacation, or sick pay.
Contractor, if it so choses in its sole discretion, shall be
responsible for providing, at Contractor's expense, and in
Contractor's name, unemployment, disability, worker's compensation
and other insurance to Contractor’s
employees.

 

9. Compensation.
In
exchange for providing the Services, Don Polly shall pay to
Contractor the rate as set forth on “Exhibit A”
attached hereto and made part hereof. The rate set forth on Exhibit
A may be updated from time to time based on then-current market
conditions, upon mutual written agreement between the Parties.
Payment shall be made on a quarterly basis on a day agreed upon by
the Parties. No other fees and/or expenses will be paid to
Contractor, unless such fees and/or expenses have been approved in
advance by Don Polly in writing. Contractor shall be solely
responsible for any and all taxes, Social Security contributions or
payments, disability insurance, unemployment taxes, and other
payroll type taxes applicable to such
compensation

 

10. Protection
of Don Polly's Confidential Information.

 

10.1 
Confidential Information.
Don
Polly now owns and will hereafter 
develop,
compile and own certain proprietary techniques, trade secrets, and
confidential information which have great value in its business
(collectively, “Don
Polly Information”).
Don Polly may disclose Don Polly Information to Contractor during
Contractor's performance of the Services. Don Polly Information
includes not only information disclosed by Don Polly, but also
information developed or learned by Contractor during Contractor's
performance of the Services. Don Polly Information is to be broadly
defined and includes all information which has or could have
commercial value or other utility in the business in which Don
Polly is engaged or contemplates engaging or the unauthorized
disclosure of which could be detrimental to the interests of Don
Polly, whether or not such information is identified by Don Polly.
By way of example and without limitation, Don Polly Information
includes any and all information concerning discoveries,
developments, designs, improvements, inventions, formulas, recipes,
software programs, processes, techniques, know-how, data, research
techniques, customer and supplier lists, marketing, sales, pricing
or other financial or business information, scripts, and all
derivatives, improvements and enhancements to any of the above. Don
Polly Information also includes like third-party information, which
is in Don Polly's possession under an obligation of confidential
treatment.

 

10.2 

Protection of Confidential Information. Contractor
agrees that at all times during or subsequent to the performance of
the Services, Contractor will keep confidential and not divulge,
communicate, or use Don Polly Information, except for Contractor's
own use during the Term of this Agreement to the extent necessary
to perform the Services. Contractor further agrees not to cause the
transmission, removal or transport of tangible embodiments of, or
electronic files containing, Don Polly Information from Don Polly's
principal place of business, without prior written approval of Don
Polly.

 

 

 

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10.3 Exceptions.
Contractor's
obligations with respect to any portion of the Don Polly
Information as set forth above shall not apply when Contractor can
document that (i) it was in the public domain at the time it was
communicated to Contractor by Don Polly; (ii) it entered the public
domain subsequent to the time it was communicated to Contractor by
Don Polly through no fault of Contractor; (iii) it was in
Contractor's possession free of any obligation of confidence at the
time it was communicated to Contractor by Don Polly; or (iv) it was
rightfully communicated to Contractor free of any obligation of
confidence subsequent to the time it was communicated to Contractor
by Don Polly.

 

10.4 
Don Polly Property.
All
materials, including without limitation

documents, drawings, drafts, notes, designs, computer media,
electronic files and lists, including all additions to, deletions
from, alterations of, and revisions in the foregoing (together
the “Materials”),
which are furnished to Contractor by Don Polly or which are
developed in the process of performing the Services, or embody or
relate to the Services, the Don Polly Information or the
Innovations (as defined below), are the property of Don Polly, and
shall be returned by Contractor to Don Polly promptly at Don
Polly's request together with any copies thereof, and in any event
promptly upon expiration or termination of this Agreement for any
reason. Contractor is granted no rights in or to such Materials,
the Don Polly Information or the Innovations, except as necessary
to fulfill its obligations under this Agreement. Contractor shall
not use or disclose the Materials, Don Polly Information or
Innovations to any third party.

 

11. Assignment
of Inventions & Copyrights. 

 

11.1 Definition
of Inventions.
Contractor
understands that the term “Inventions”
in this Agreement means any and all ideas, concepts, inventions,
discoveries, developments, modifications, improvements, know-how,
trade secrets, data, designs, diagrams, plans, specifications,
methods, processes, techniques, formulas, algorithms, tools, works
of authorship, derivative works, software, content, textual or
artistic works, mask works, video, graphics, sound recordings,
structures, products, prototypes, systems, applications, creations
and technologies in any stage of development, whether or not
patentable or reduced to practice and whether or not
copyrightable.

 

11.2 Contractor
agrees that unless otherwise specified and agreed to by Don Polly
in writing, all Materials created or modified by Contractor in
connection with the Services, including, without limitation, all
Inventions, works of authorship, inventions, research,
developments, discoveries, processes, ideas, methods, concepts and
other tangible and intangible materials (collectively,
“Work
Product”),
shall be “work for hire” and that Don Polly shall be
the exclusive owner of the Work Product and all intellectual
property rights associated with the Work Product, including all
trademarks, patents or copyrights contained therein. To the extent
any Work Product does not qualify as “work for hire,”
Contractor hereby assigns ownership of all such Work Product to Don
Polly. Contractor agrees to take all reasonable measures, to assist
Don Polly in perfecting all rights Don Polly has in any Work
Product or intellectual property Contractor creates for Don Polly
pursuant to this Agreement. Contractor hereby appoints Don Polly as
its attorney-in-fact with the limited power to execute assignments
of such Work Product and Inventions.

 

11.3 
Assignment of Inventions.
Contractor
hereby assigns to Don Polly, the 
entire right, title, and interest in and to the Inventions and Work
Product, and any and all applications for patent and patents in any
and all countries, including all divisions, continuations,
reissues, and extensions thereof and all rights of priority
resulting from the filing of any application. Contractor further
authorizes and requests any official whose duty it is to issue
patents to issue any patent on said invention or resulting
therefrom to Don Polly, or its successors, assigns, or nominees,
and Contractor agrees that on request and without further
consideration, but at the expense of Don Polly, Contractor will
communicate to Don Polly or its representatives or nominees any
facts known to Contractor respecting said improvements and testify
in any legal proceedings, sign all lawful papers, execute all
divisional, continuing, and reissue applications, make all rightful
oaths, and generally aid Don Polly, its successors, assigns, and
nominees to obtain and enforce proper patent protection for said
invention in all countries.

 

 

 

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12. 
Ownership
of Work Product and Inventions. Contractor
acknowledges that Work Product and Inventions and the associated
Intellectual Property Rights may have substantial economic value,
that any and all proceeds resulting from use and exploitation
thereof shall belong solely to Don Polly, except as otherwise
provided for in this Agreement, and that the compensation
Contractor receives from Don Polly for the Services, Work Product
and Inventions Contractor provides Don Polly under this Agreement
includes fair and adequate consideration per the work for hire
doctrine, and for all assignments and waivers hereunder so that
ownership of such Work Product, Inventions or other fruits of the
Services belong solely to Don Polly.

 

13. REPRESENTATIONS
AND WARRANTIES

 

13.1 Contractor
Representation and Warranty.
Contractor represents and 
warrants that it has the right, power and authority to enter into
this Agreement and to grant the rights herein granted; that to
Contractor’s knowledge, Don Polly's use of the Licensed
Artwork will not violate or infringe upon the right of any third
party.

 

13.2 Don
Polly Representation and Warranty. Don
Polly represents and 
warrants that it has the right, power and authority to enter into
this Agreement and to fully perform all of its obligations
hereunder.

 

14. TERM
AND OPTION

 

14.1 Term.
This license shall commence on the Effective Date and shall
exist 
in perpetuity, unless earlier terminated in accordance with the
terms and conditions set forth herein.

 

15. BOOKS
AND RECORDS

 

15.1 Don
Polly shall keep complete books of account and records
in 
accordance with generally accepted accounting principles of all
activities under this Agreement. Such books of account and records
shall be retained by Don Polly and kept available for at least five
(5) years after the termination of this Agreement for possible
inspection, copying, extracting and/or audit by
Contractor.

 

15.2 Contractor
shall have the right to conduct audit with respect to the
books,

records, factory invoices and all other documents and material in
the possession or under the control of Don Polly relating to this
Agreement, the cost of which shall be borne by the
Contractor.

 

16. 

Confidentiality/Non-Disclosure. To
perform Services, Contractor understands it will be informed by or
create for, Don Polly of highly confidential, valuable, trade
secret and otherwise protected information. Such highly
confidential and/or trade secret information includes but is not
limited to: a) the names, emails, contact information, phone
numbers, addresses of Don Polly’s customers, vendors, and
employees; b) costs and budgets incurred by Don Polly; c) strategic
plans; d) business strategies; and e) sales, marketing, business
development, branding, and customer service methodologies.
Contractor agrees that, during
Contractor’ term of engagement, 
and at all times thereafter, not
to disclose to anyone, and separately, not use for the benefit of
Contractor or any third party any information which Contractor
knows or should reasonably know, is highly valuable, confidential,
secret, trade secret or otherwise protected information of Don
Polly including the information described above (collectively
“Confidential Information”). Contractor shall not
disclose any Confidential Information that Contractor receives or
is otherwise privy to relative to its relationship with Don
Polly.
Contractor
further agrees and shall not at any time, use any such information
that has been garnered by or provided to Contractor, while engaged
by Don Polly except in furtherance of the course of
Contractor’s engagement by Don Polly hereunder, and if
Contractor’s engagement terminates, any such information
stored in any tangible medium will be returned or destroyed, as
directed by Don Polly. Contractor further represents that his
performance of all the terms of this Agreement, does not and will
not breach any other agreement Contractor is now or will in future
be bound by. Contractor agrees to keep in strict confidence all
proprietary information and Confidential Information acquired by
Contractor from Don Polly and further agrees to not share any
Confidential Information with anyone. Contractor represents that
Contractor has not entered into, and will not enter into, any
agreement either written or oral in conflict herewith and shall not
enter into any such contract in future.

 

 

 

 

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A. “Highly
Confidential Information” shall
mean any information which Contractor knows or should reasonably
know is highly valuable, confidential, secret, trade secret or
otherwise protected information of Don Polly whether, written or
oral, which Contractor knows or should reasonably know that, under
the circumstances, is proprietary or confidential. The Parties
agree and it is understood that 
this Agreement is
itself, “Highly Confidential” in nature and is not to
be shared without prior written approval of the
Parties.

 

B. “Trade
secret”
shall mean information relative to Don Polly’s method of
operations, and objectives, trade partners, pricing information,
financial information utilized by Don Polly, custom computer
software or hardware, system documentation, product offerings,
manuals, processes, methods, inventions or other information or
materials relating to Don Polly’s affairs that are not
otherwise publicly available and for which steps are routinely
taken by Don Polly to protect such trade secrets from disclosure.
Additionally, Contractor agrees that customer lists,
customers’ identities, contact information such as phone
numbers and e-mail addresses, vendor lists, vendors’
identities, vendors’ contact information including their
phone numbers and e-mail addresses, pricing lists, product
information and testing results, business and financial data,
information regarding marketing strategies and development of
operations, strategic partnerships or products in the United States
or abroad are specifically within the definition of trade secrets
for the purposes of this agreement, to the extent he are the result
of Don Polly’s work product and/or not generally known to the
public or to other persons who would otherwise obtain economic
value, actual or potential, should such information be
disclosed.

 

C. Non-Disclosure:
Contractor further agrees not to share with or use Confidential
Information, Highly Confidential Information or Trade Secret
information to anyone. Additionally, Contractor specifically agrees
not to share such information with anyone for the benefit of any
person or entity other than Don Polly, especially any competitor to
Don Polly. This duty of non-disclosure shall be in perpetuity and
survive and continue in the event Contractor’s relationship
with Don Polly ever ceases. Contractor explicitly acknowledges that
any such disclosure would constitute a misappropriation of
protected trade secrets, resulting in unfair competition to Don
Polly and that Contractor shall be liable to Don Polly for all
damages. In addition, although it may be self evident, Contractor
agrees that during Contractor’s engagement with Don Polly,
Contractor will not, directly or indirectly, lend any advice or
assistance, or engage in any activity or act in any manner, for the
purpose of establishing, operating, assisting or managing any
business or entity that is engaged in activities competitive with
the business of Don Polly as it is conducted at any time during
Contractor’ engagement without the express and written
pre-approval of Don Polly. Contractor acknowledges that trade
secrets constitute a major asset of Don Polly, and that the use,
misappropriation or disclosure of trade secrets would constitute a
breach of trust and could cause irreparable injury to Don Polly and
that it is essential for the protection of each Don Polly’s
goodwill and maintenance of each Commissioning
Don Polly’s competitive position that the trade secrets be
kept secret and that Contractor neither disclose the trade secrets
to others nor use the trade secrets to Contractor’ own
advantage or to the advantage of others during Contractor’
engagement or at any time after. Contractor expressly agrees that
any effort by Contractor to use such information, except as
authorized by each Don Polly, would constitute a violation of
Contractor’ fiduciary duties while engaged by each Don
Polly.

 

 

 

 

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D. Non-
Circumvent:
Contractor covenants that Contractor will not in any way, either on
Contractor’s own or via any corporate entity or individual
that Contractor may currently, in past or in future work with,
solicit any of Don Polly’s clients, employees or vendors to
engage in any business related to or competitive to, those
discussed and/or performed with Don Polly without Don Polly’s
written preapproval and consent. This non-circumvent obligation
shall exist throughout Contractor’s engagement with Don Polly
and extend for 4 years after the date of conclusion of the Term.
For purposes of clarity, Don Polly does not wish to limit
Contractor’s ability to perform work, for competitors or
otherwise, however, Don Polly and Contractor explicitly agree that
the intent of this non-circumvent clause is to protect Don Polly
from Contractor using Don Polly’s confidential customer
lists, emails, addresses, reports, consumer information and
profiles, intellectual property, trade secrets or business
relationships to benefit any third party especially any competitor
to Don Polly.

 

17. Non-Solicitation
of Business Partners, Clients, Staff, Contractors and
Independent 

Contractors. Contractor
hereby acknowledges that the contact information of the each Don
Polly’s business partners, clients, affiliates, contractors
and independent contractors is confidential and that Contractor
will not solicit any such person engaged by any Don Polly away from
the employ of any Don Polly during the term of Contractor’
engagement and for a period of 4 (four) years after the conclusion
of the Term, without the express written preapproval of Don
Polly.

 

18. 

Headings. The
headings of Sections herein are used for convenience only and shall
not affect the meaning of contents
hereof. 

 

19. 

Waiver; Amendment. No
provision hereof may be waived except by a written agreement signed
by the waiving party. The waiver of any term or of any condition of
this Agreement shall not be deemed to constitute the waiver of any
other term or condition. This Agreement may be amended only by a
written agreement signed by the parties
hereto.

 

20. 

Severability. If
any of the provisions of this Agreement shall be held unenforceable
by the final determination of a court of competent jurisdiction and
all appeals there from shall have failed or the time for such
appeals shall have expired, such provision or provisions shall be
deemed eliminated from this Agreement but the remaining provisions
shall nevertheless be given full effect. In the event this
Agreement or any portion hereof is more restrictive than permitted
by the law of the jurisdiction in which enforcement is sought, this
Agreement or such portion shall be limited in that jurisdiction
only to the extent required by the law of that
jurisdiction.

 

21. 

Governing Law. This
Agreement and any claim or controversy arising out of or relating
to it, shall be governed by and construed in accordance with the
laws of the State of California without regard to conflict of law
principles that would result in the application of any law other
than the law of the State of California . This Agreement shall be
binding on the parties, their affiliates, subsidiaries, successors
and assigns.

 

22. 

Venue and Alternate Dispute Resolution. Notwithstanding
the provision pertaining to Don Polly’s
unilateral right to seek equitable relief, the Parties

agree that any and all disputes concerning
Contractor’s relationship with Don Polly will be heard before
an arbitrator in Orange County, California (the
“Arbitrator”). The Parties agree that the Parties shall
split the costs of Arbitration with respect to the
Arbitrator’s fees but that each Party shall bear its own
costs regarding Arbitration and attorney fees and that an disputes
that can not be resolved between them shall be submitted for
arbitration within 30 days upon notice of demand to
arbitrate.

 

 

 

 

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23. 

Equitable Relief. In the
event of a breach or a threatened breach of any of the provisions
contained in this Agreement, Contractor acknowledges that Don Polly
will respectively, suffer irreparable injury not fully compensable
by money damages and, therefore, will not have an adequate remedy
available at law. Accordingly, Don Polly shall be entitled to
obtain such injunctive relief or other equitable remedy from any
court of competent jurisdiction as may be necessary or appropriate
to prevent or curtail any such breach, threatened or actual,
without having to post bond. The foregoing shall be in addition to
and without prejudice to any other rights that Don Polly may have
under this Agreement, at law or in equity, including, without
limitation, the right to sue for damages including attorney’s
fees for which Contractor agrees to be
liable

 

24. 

NOTICES. All
notices required by this Agreement shall be in writing and shall be
transmitted by email.

 

To Don Polly:

 

Attn: Ryan Stump

email:Ryan.Stump5@gmail.com

To Contractor:

 

Attn: Brandon Stump

email: Brandon@CharliesChalkDust.com

  

with copies for notice to both Don Polly and Contractor to:
Phillip.Daman@DamanLLP.com;
Andre.StLaurent@DamanLLP.com

 

25. 

GOVERNING LAW. This
Agreement is made in accordance with and shall be governed and
construed under the laws of the State of California, and of the
USA.

 

26. 

FORCE MAJEURE. Neither
Party shall be in default of this Agreement by reasons of its delay
in the performance of, or failure to perform, any of its
undertakings if such delay or failure is caused by force majeure.
Force majeure includes, but is not limited to, strikes, riots,
fire, explosions, acts of God or public enemy, rebellions, civil
strife, interference by military authorities, compliance with
governmental statutes, rules, regulations, decrees, including
consent decrees, of courts of the Territory, and any other similar
event beyond a party's reasonable ability to control. The Party
unable to perform shall promptly notify the other Party and shall
use its best efforts to recommence performance as soon as possible.
The Party against whom force majeure is invoked shall have the
right to suspend performance of its obligations under this
agreement until resumption of full performance by the other
Party.

 

27. 

NO AGENCY OR PARTNERSHIP. No
agency or partnership or joint venture of any sort is created by
this Agreement. Neither Party shall make any representation to the
contrary. Both Parties shall have the obligation to correct any
misunderstanding by any third party with respect to this Section,
if such misunderstanding is known to the
party.

 

28. 

NO PARTY DEEMED DRAFTER. This
Agreement is to be deemed to have been
drafted
jointly by the Parties and any uncertainty or ambiguity shall not
be construed for or against either party based on attribution of
drafting by either party.

 

 

 

 

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29. 

ASSIGNMENT/SUB-LICENSE. This
Agreement is not assignable by Contractor
without
the express, prior written consent of Don Polly, which shall not be
unreasonably withheld.

 

30. 

NO WAIVER. A
failure of either party to exercise any right provided for herein
shall not be deemed to be a waiver of any right
hereunder.

 

31. 

SEVERABILITY.
Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under
applicable law. Such provision shall be ineffective in the extent
of such prohibition or invalidity without invalidating the
remainder of such provision or the remaining provisions of this
Agreement. Any unenforceable provision will be replaced by a
mutually acceptable provision, which comes closest to the intention
of the parties at the time the original provision was agreed
upon.

32. 

ENTIRE AGREEMENT. This
Agreement constitutes the entire, final, and complete Agreement
between the Parties with respect to Services and supersedes all
previous agreements or representations, written or oral, with
respect to Services. This Agreement may not be modified or amended
except in writing signed by a duly authorized representative of
each Party. In the event any provision of this Agreement is held to
be invalid or unenforceable, the valid or enforceable portion
thereof and the remaining provisions of this Agreement will remain
in full force and effect. Any waiver (express or implied) by either
Party of any default or breach of this Agreement shall not
constitute a waiver of any other or subsequent default or
breach.

 

The Parties hereto have each caused this Agreement to be signed and
delivered by its duly authorized representative as of the date
first written above.

 

 

 

	
 DON
POLLY, LLC    

	
 CONTRACTOR

	
 

	
 

	
 /s/
Ryan Stump

	
 /s/
Brandon Stump 

	
 Ryan
Stump

	
 Brandon
Stump

	
 Don
Polly, LLC 

	
 Charlie’s
Chalk Dust, LLC

	
 Date:
06/05/2019

	
 Date:
06/05/2019

 

 

APPENDIX A to SERVICE AGREEMENT

 

PAYMENT TO CHARLIE’S CHALK DUST FOR SERVICES AND
RIGHTS

 

Don Polly, LLC, shall pay to Charlie’s Chalk Dust, LLC,
twenty five percent (25%) of “Net Profits” of Don
Polly, LLC. “Net Profits” is defined as “all net
sales less all costs and expenses to operate Don Polly LLC’s
business.” All payment to Charlie’s Chalk Dust, LLC
shall be payable within 45 days at the close of each of Don Polly
LLC’s fiscal quarters.

 

 

 

-9-EX-10.1

 Exhibit 10.1 

Execution Version 
 FIRST
AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 
 This FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as
of June 7, 2019 (this “Agreement”), is entered into by and among TARGA RESOURCES PARTNERS LP, a Delaware limited partnership (the “Borrower”), each other Loan Party party hereto, BANK OF AMERICA, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”) and the Lenders party hereto. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement (as defined
below). 
 RECITALS 
 WHEREAS,
the Borrower, the Administrative Agent, the Collateral Agent, the Lenders party thereto from time to time and the other agents and parties party thereto from time to time entered into that certain Fourth Amended and Restated Credit Agreement, dated
as of June 29, 2018 (as amended, restated, supplemented or modified prior to the date hereof, the “Original Credit Agreement” and the Original Credit Agreement as amended hereby, the “Credit Agreement”)
pursuant to that certain Third Amendment and Restatement Agreement, dated as of June 29, 2018; 
 WHEREAS, the Borrower has requested
that the Required Lenders agree to amend certain provisions of the Original Credit Agreement as further set forth herein; and 
 WHEREAS,
the Lenders party hereto (constituting the Required Lenders) are willing to agree to such amendments subject to certain conditions. 

Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Amendments to Original Credit Agreement. On the
Effective Date (as defined below), the Original Credit Agreement shall be amended as follows: 
 (a) The following definitions are hereby
added to Section 1.01 of the Original Credit Agreement where alphabetically appropriate: 
 “First
Amendment” means the First Amendment to Fourth Amended and Restated Credit Agreement, dated as of June 7, 2019, by and among the Borrower, the Administrative Agent and the Lenders and other parties party thereto. 

“First Amendment Effective Date” means the “Effective Date” as defined in the First Amendment. 

 (b) Clause (ii) of the last paragraph of the definition of “Consolidated Adjusted
EBITDA” in Section 1.01 of the Original Credit Agreement is hereby amended and restated in its entirety to read as follows: 

(ii) the aggregate amount of all Material Project EBITDA Adjustments during any period shall be limited to, (a) with
respect to any period ending before June 30, 2019, 20% of the total actual Consolidated EBITDA for such period, (b) with respect to any period ending on June 30, 2019, September 30, 2019, December 31, 2019, March 31,
2020, or June 30, 2020, 30% of the total actual Consolidated EBITDA for such period and (c) with respect to any period ending after June 30, 2020, 20% of the total actual Consolidated EBITDA for such period. In the case of each of the
foregoing (a), (b) and (c), total actual Consolidated EBITDA shall be determined without including any Material Project EBITDA Adjustments. 

(c) The first proviso in the definition of “Consolidated EBITDA” in Section 1.01 of the Original Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
 provided, however, notwithstanding the foregoing, (A) net
income attributable to Unrestricted Subsidiaries (other than Included Unrestricted Subsidiaries for such period) shall not be considered in calculating Consolidated EBITDA, but actual cash distributions to the Borrower or any of its Consolidated
Restricted Subsidiaries by such Unrestricted Subsidiaries shall be included in calculating Consolidated EBITDA in respect of any fiscal quarter if such distributions (x) are received by the Borrower or any of its Consolidated Restricted
Subsidiaries on or prior to the date of determination of Consolidated EBITDA for the applicable calculation period and (y) have not been included in calculating Consolidated EBITDA for a prior fiscal quarter, and (B) actual cash
distributions to the Borrower and its Consolidated Restricted Subsidiaries by any Persons that are not Subsidiaries shall be included in calculating Consolidated EBITDA in respect of any fiscal quarter if such distributions (x) are received by
the Borrower or any of its Consolidated Restricted Subsidiaries on or prior to the date of determination of Consolidated EBITDA for the applicable calculation period and (y) have not been included in calculating Consolidated EBITDA for a prior
fiscal quarter. 
 (d) The last sentence of the definition of “Included Unrestricted Subsidiary” in Section 1.01 of the
Original Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 For the avoidance of doubt, it is
acknowledged and agreed that (y) nothing in the limited liability company agreements of (A) Targa Pipeline Mid-Continent WestOk, LLC, Targa Pipeline
Mid-Continent WestTex, LLC, or Grand Prix Pipeline LLC, in each case, as in effect on the Closing Date, or (B) Targa Train 7 LLC as in effect on the First Amendment Effective Date, constitutes a
preferential right to Restricted Payments for the purposes of clause (vii) above and (z) clause (viii) above shall not prevent Cedar Bayou Fractionators, L.P. from being designated as an Included Unrestricted Subsidiary so long as its
limited partnership interests that are owned by the Borrower or any of its Affiliates are owned by the Borrower or a Restricted Subsidiary and are subject to Liens under Security Documents. 

  
 2 

 (e) The definition of “Unrestricted Subsidiary” in Section 1.01 of the
Original Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “Unrestricted Subsidiary”
means (a) each Person listed on Schedule 1.01B hereto and (b) any Subsidiary which the Borrower has designated in writing to the Administrative Agent to be an Unrestricted Subsidiary pursuant to
Section 6.17. 
 (f) Article I of the Original Credit Agreement is hereby amended by inserting a new
Section 1.07 as follows: 
 Section 1.07    Divisions. For all purposes under the Loan Documents, in
connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or
liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the
first date of its existence by the holders of its Equity Interests at such time. 
 (g) Article X of the Original Credit Agreement is hereby
amended by inserting a new Section 10.24 as follows: 
 Section 10.24    Acknowledgment Regarding Any
Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Contracts or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC
a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in
property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit
Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding

  
 3 

 
under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such
Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a
state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a
Supported QFC or any QFC Credit Support. 
 (b) As used in this Section 10.24, the following terms have the following
meanings: 
 “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted
in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following: 

(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b);
or 
 (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
382.2(b). 
 “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12
C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term “qualified
financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 SECTION 2. Conditions to
Effectiveness of Agreement. The effectiveness of this Agreement is subject to the satisfaction of the following conditions (the date on which such conditions are satisfied, the “Effective Date”): 

(a) The Administrative Agent shall have received a counterpart of this Agreement, executed and delivered by (i) the Borrower,
(ii) each other Loan Party, and (iii) the Required Lenders; 
 (b) The Administrative Agent shall have received all fees and other
amounts due and payable on or prior to the Effective Date, including (i) to the extent invoiced, reimbursement or payment of all out of pocket expenses required to be reimbursed or paid by the Borrower

  
 4 

 
under the Credit Agreement and (ii) for the account of each Lender that has delivered a signature page approving this Agreement, a fee in an amount equal to five basis points on its
Revolving Credit Commitment on the Effective Date; 
 (c) Each of the representations and warranties made by any Loan Party in or pursuant
to the Credit Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the Effective Date as if made on and as of such date except to the extent such representations and warranties expressly refer to an
earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); provided that any representation or warranty that is qualified as to materiality, “Material
Adverse Effect” or similar language is true and correct (after giving effect to any qualification therein) in all respects on such respective dates; and 

(d) No Default or Event of Default shall have occurred and be continuing on the Effective Date. 

SECTION 3. Effect of Agreement. 

(a) The execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any right, power or remedy of any Lender or
the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of the Loan Documents. 
 (b) The parties
hereto acknowledge and agree that (i) the Obligations are in all respects continuing with the terms, conditions, covenants and agreements contained in the Original Credit Agreement being modified only to the extent provided in this Agreement;
and (ii) the Liens and security interests as granted under the Security Documents securing payment of the Obligations, the Cash Management Obligations and the Secured Swap Obligations are in all respects continuing in full force and effect.
From and after the Effective Date, the terms “Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import as used in the Credit Agreement, and the term “Credit
Agreement” as used in the other Loan Documents, shall mean the Original Credit Agreement as modified by this Agreement, as may be further amended, supplemented or otherwise modified from time to time. 

(c) This Agreement shall constitute a Loan Document for all purposes of the Credit Agreement and shall be administered and construed pursuant
to the terms of the Credit Agreement. 
 SECTION 4. Reaffirmation of Guaranty and Security. The Borrower and each other Loan Party,
by its signature below, hereby (a) agrees that, notwithstanding the effectiveness of this Agreement, the Guaranty and the Security Documents continue to be in full force and effect, (b) affirms and confirms all of its obligations and
liabilities under the Credit Agreement and each other Loan Document, including its guarantee of the Obligations, the Cash Management Obligations and the Secured Swap Obligations and the pledge of and/or grant of a security interest in its assets as
Collateral pursuant to the Security Documents to secure the Obligations, the Cash Management Obligations and the Secured Swap Obligations, all as provided in the Guaranty and the Security Documents, and acknowledges and agrees that such obligations,

  
 5 

 
liabilities, guarantee, pledge and grant continue in full force and effect in respect of, and to secure, the “Obligations”, the “Cash Management Obligations” and the
“Secured Swap Obligations” under the Credit Agreement and the other Loan Documents, (c) certifies that each of the representations and warranties made by any Loan Party in or pursuant to the Credit Agreement and the other Loan
Documents are true and correct in all material respects on and as of the Effective Date as if made on and as of such date except to the extent such representations and warranties expressly refer to an earlier date (in which case such representations
and warranties are true and correct in all material respects as of such earlier date); provided that any representation or warranty that is qualified as to materiality, “Material Adverse Effect” or similar language is true and
correct (after giving effect to any qualification therein) in all respects on such respective dates and (d) certifies that no Default or Event of Default has occurred and is continuing on the Effective Date. 

SECTION 5. Amendments; Counterparts. This Agreement may not be amended nor may any provision hereof be waived except pursuant to a
writing signed by the Borrower, the Administrative Agent and other parties hereto. This Agreement may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be
deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic submission (including .pdf format) shall be effective as delivery of a manually executed counterpart hereof.

 SECTION 6. Severability. Any provision of this Agreement that 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. 
 SECTION 7. Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES AS SET FORTH FURTHER IN SECTION 10.14 AND SECTION 10.15 OF THE ORIGINAL CREDIT AGREEMENT AS IF SUCH SECTIONS WERE
SET FORTH IN FULL HEREIN. 
 SECTION 8. Headings. The headings of this Agreement are for purposes of reference only and shall not
limit or otherwise affect the meaning hereof. 
 THIS AGREEMENT, THE ORIGINAL CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. 

 
 [Remainder of page left intentionally blank] 

  
 6 

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

			
	TARGA RESOURCES PARTNERS LP, as Borrower
		
	By:	 	Targa Resources GP LLC, its sole general partner
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer
	
	TARGA RESOURCES OPERATING LLC
	TARGA RESOURCES OPERATING GP LLC
	TARGA INTRASTATE PIPELINE LLC
	TARGA LIQUIDS MARKETING AND TRADE
	LLC
	TARGA LOUISIANA INTRASTATE LLC
	TARGA MIDSTREAM SERVICES LLC
	TARGA DOWNSTREAM LLC
	TARGA GAS MARKETING LLC
	TARGA GAS PIPELINE LLC
	TARGA MLP CAPITAL LLC
	TARGA CAPITAL LLC
	TARGA NGL PIPELINE COMPANY LLC
	TARGA TRANSPORT LLC
	TARGA GAS PROCESSING LLC
	TARGA COGEN LLC
	TARGA CRUDE MARKETING LLC
	TARGA CRUDE PIPELINE LLC
	VERSADO GAS PROCESSORS, L.L.C.
	TARGA CHANNEL VIEW LLC
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer

  
 [Signature Page to Targa
Resources First Amendment] 

 
			
	SLIDER WESTOK GATHERING, LLC
	TARGA CHANEY DELL LLC
	TARGA MIDKIFF LLC
	TARGA PIPELINE MID-CONTINENT
HOLDINGS LLC
	TARGA PIPELINE MID-CONTINENT LLC
	TARGA PIPELINE PARTNERS GP LLC
	TPL ARKOMA HOLDINGS LLC
	TPL ARKOMA INC.
	TPL ARKOMA MIDSTREAM LLC
	TPL GAS TREATING LLC
	TPL SOUTHTEX MIDSTREAM LLC
	TPL SOUTHTEX PIPELINE COMPANY LLC
	VELMA INTRASTATE GAS TRANSMISSION COMPANY, LLC
	TARGA SOUTHOK NGL PIPELINE LLC
	TARGA DELAWARE LLC
	TARGA MIDLAND LLC
	TARGA SOUTHERN DELAWARE LLC
	FCPP PIPELINE, LLC
	FLAG CITY PROCESSING PARTNERS, LLC

 
			
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer

 
			
	
	TARGA PIPELINE OPERATING PARTNERSHIP LP
	TARGA PIPELINE PARTNERS LP
	
	By: Targa Pipeline Partners GP LLC, its general partner

 
			
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer

  
 [Signature Page to Targa
Resources First Amendment] 

			
	TPL BARNETT LLC
	
	By: Targa Pipeline Mid-Continent Holdings LLC,
its sole member
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer
	
	PECOS PIPELINE LLC
	TESUQUE PIPELINE, LLC
	
	By: TPL Barnett LLC, its sole member
	
	 By: Targa Pipeline Mid-Continent Holdings LLC,

its sole member

		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer
	
	VELMA GAS PROCESSING COMPANY, LLC
	By: Targa Pipeline Mid-Continent LLC, its sole member
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer
	
	TARGA SOUTHTEX MIDSTREAM COMPANY LP
	TPL SOUTHTEX GAS UTILITY COMPANY LP
	TPL SOUTHTEX MIDSTREAM HOLDING
COMPANY LP
	TPL SOUTHTEX PROCESSING COMPANY LP
	TPL SOUTHTEX TRANSMISSION COMPANY LP
	
	By: TPL SouthTex Pipeline Company LLC, its general partner
		
	By:	 	 /s/ Jennifer R. Kneale

	Name:	 	Jennifer R. Kneale
	Title:	 	Chief Financial Officer

  
 [Signature Page to Targa
Resources First Amendment] 

 
					
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ Christopher DiBiase

		 	Name:	 	Christopher DiBiase
		 	Title:	 	Director
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Christopher DiBiase

		 	Name:	 	Christopher DiBiase
		 	Title:	 	Director

  
 [Signature Page to Targa
Resources First Amendment] 

 
					
	BARCLAYS BANK PLC, as Lender
		
	By	 	 /s/ Sydney G. Dennis

		 	Name:	 	Sydney G.
Dennis                                        

		 	Title:	 	Director
	
	 CAPITAL ONE, NATIONAL
 ASSOCIATION,
as Lender

		
	By	 	 /s/ Christopher Kuna

		 	Name:	 	Christopher Kuna
		 	Title:	 	Vice President
	
	Citibank, N.A., as Lender
		
	By	 	 /s/ Michael Zeller

		 	Name:	 	Michael Zeller
		 	Title:	 	Vice President
	
	ROYAL BANK OF CANADA, as Lender
		
	By	 	 /s/ Jason S. York

		 	Name:	 	Jason S. York
		 	Title:	 	Authorized Signatory
	
	Wells Fargo Bank, N.A., as Lender
		
	By	 	 /s/ Emily
Board                                        

		 	Name:	 	Emily Board
		 	Title:	 	Vice President

  
 [Signature Page to Targa
Resources First Amendment] 

					
	Compass Bank, as Lender
		
	By	 	 /s/ Gabriela
Azcarate                                        

		 	Name:	 	Gabriela
Azcarate                                        

		 	Title:	 	Senior Vice President
	
	GOLDMAN SACHS BANK USA, as Lender
		
	By	 	 /s/ Jamie Minieri

		 	Name:	 	Jamie Minieri
		 	Title:	 	Authorized Signatory
	
	JPMorgan Chase Bank, N.A., as Lender
		
	By	 	 /s/ Jorge Diaz Granados

		 	Name:	 	Jorge Diaz Granados
		 	Title:	 	Authorized Officer
	
	MUFG Union Bank, N.A., as Lender
		
	By	 	 /s/ Todd Vaubel

		 	Name:	 	Todd Vaubel
		 	Title:	 	Director
	
	PNC Bank, National Association, as Lender
		
	By	 	 /s/ Stephen Monto

		 	Name:	 	Stephen Monto
		 	Title:	 	SVP
	
	 THE TORONTO-DOMINION BANK,
 NEW YORK
BRANCH, as Lender

		
	By	 	 /s/ Maria Macchiaroli

		 	Name:	 	Maria Macchiaroli
		 	Title:	 	Authorize Signatory

  
 [Signature Page to Targa
Resources First Amendment] 

 
					
	ABN AMRO CAPITAL USA LLC, as Lender
		
	By	 	 /s/ Darrell Holley

		 	Name:	 	Darrell
Holley                                        

		 	Title:	 	Managing Director
		
	By	 	 /s/ Anna C. Ferreira

		 	Name:	 	Anna C. Ferreira
		 	Title:	 	Vice-President
	
	ING CAPITAL LLC, as Lender
		
	By	 	 /s/ Subha Pasumarti

		 	Name:	 	Subha Pasumarti
		 	Title:	 	Managing Director
	
	For any Lender requiring a second signature line:
		
	By	 	 /s/ Alberto Mihelcic Bazzana

		 	Name:	 	Alberto Mihelcic Bazzana
		 	Title:	 	Vice-President
	
	Morgan Stanley Bank N.A., as Lender
		
	By	 	 /s/ Megan Kushner

		 	Name:	 	Megan Kushner
		 	Title:	 	Authorized Signatory
	
	 The Bank of Nova Scotia, Houston Branch,

as Lender

		
	By	 	 /s/ Joe Lattanzi

		 	Name:	 	Joe Lattanzi
		 	Title:	 	Managing Director

  
 [Signature Page to Targa
Resources First Amendment] 

 
					
	SUMITOMO MITSUI BANKING CORPORATION, as Lender
		
	By	 	 /s/ Michael Maguire

		 	Name:	 	Michael Maguire
		 	Title:	 	Executive Director
	
	SunTrust Bank, as Lender
		
	By	 	 /s/ Brian Guffin

		 	Name:	 	Brian Guffin
		 	Title:	 	Managing Director
	
	BRANCH BANKING AND TRUST COMPANY, as Lender
		
	By	 	 /s/ Ryan K. Michael

		 	Name:	 	Ryan K. Michael
		 	Title:	 	Senior Vice President
	
	BMO HARRIS BANK N.A., as Lender
		
	By	 	 /s/ Kevin Utsey

		 	Name:	 	Kevin Utsey
		 	Title:	 	Managing Director
	
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as Lender
		
	By	 	 /s/ Trudy Nelson

		 	Name:	 	Trudy Nelson
		 	Title:	 	Authorized Signatory
		
	By	 	 /s/ Scott W. Danvers

		 	Name:	 	Scott W. Danvers
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Targa
Resources First Amendment] 

 
					
	CITIZENS BANK N.A., as Lender
		
	By	 	 /s/ David Baron

		 	Name:	 	David Baron
		 	Title:	 	Vice President
	
	CREDIT ARGICOLE CORPORATE AND INVESTMENT BANK, as Lender
		
	By	 	 /s/ Darrell Stanley

		 	Name:	 	Darrell Stanley
		 	Title:	 	Managing Director
	
	For any Lender requiring a second signature line:
		
	By	 	 /s/ Michael Willis

		 	Name:	 	Michael Willis
		 	Title:	 	Managing Director
	
	Fifth Third Bank, as Lender
		
	By	 	 /s/ Larry Hayes

		 	Name:	 	Larry Hayes
		 	Title:	 	Director
	
	REGIONS BANK, as Lender
		
	By	 	 /s/ David Valentine

		 	Name:	 	David Valentine
		 	Title:	 	Managing Director
	
	The Huntington National Bank, as Lender
		
	By	 	 /s/ Greg Ryan

		 	Name:	 	Greg Ryan
		 	Title:	 	Managing Director

  
 [Signature Page to Targa
Resources First Amendment] 

					
	U.S. BANK NATIONAL ASSOCIATION, as Lender
		
	By	 	 /s/ Benjamin Leonard

		 	Name:	 	Benjamin Leonard
		 	Title:	 	Vice President
	
	ZIONS BANCORPORATION, N.A. DBA AMEGY BANK, as Lender
		
	By	 	 /s/ G. Scott Collins

		 	Name:	 	G. Scott Collins
		 	Title:	 	Executive Vice President
	
	For any Lender requiring a second signature line:
		
	By	 	 /s/ Patricia Gorzycki

		 	Name:	 	Patricia Gorzycki
		 	Title:	 	Assistant Vice President
	
	Raymond James Bank, N.A., as Lender
		
	By	 	 /s/ John Harris

		 	Name:	 	John Harris
		 	Title:	 	Managing Director

  
 [Signature Page to Targa
Resources First Amendment]

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