Document:

ex10-2.htm

 

ASSIGNMENT OF PROMISSORY NOTE & ACKNOWLEDGMENT

 

Whereas:

 

	
A.  

	
The undersigned, GCA Strategic Investment Fund Limited (the “Assignor”) is the holder of a convertible promissory note dated November 18, 2013 drawn by Liberty Star Uranium & Metals Corp. (the “Debtor”) and payable to the order of the Assignor in the principal sum of $250,000 (the “Note”);

 

	
B.  

	
The Debtor has asked the Assignor to assign the Note to Tangiers Capital, LLC of California (the “Purchaser”);

 

	
C.  

	
The undersigned wishes to assign the Note and all debts represented by the Note to the Purchaser in consideration of the sum of $250,000 (the “Consideration”); and

 

	
D.  

	
The parties acknowledge that upon execution of this Assignment of Promissory Note and Acknowledgement, and upon payment of the Consideration to the Assignor, the Purchaser will have all rights to the Note and all amounts due and payable under the Note, and the conversion privileges set out in the Note.

 

The parties hereto agreed that subject to the terms and conditions set forth in this Agreement, Assignor shall sell to Purchaser its ownership interest in the Note and its rights and obligations under the Securities Purchase Agreement (“SPA”) which accompanied the purchase of the Note, the Purchaser shall purchase from the Assignor the ownership interest in the Note and purchase the rights and assume the obligations under the SPA for an aggregate purchase price of $250,000.  Payment will be made by wire transfer of immediately available funds. The funds will be wired as set forth in Exhibit A, simultaneously with the delivery of the Note, on the date of execution of this Agreement. If however the purchase price is not received by the Assignor within 3 business days following the execution of this Assignment of Promissory Note and Acknowledgement, the transaction will be deemed to be cancelled and the Note, with all rights and remedies, will revert back to the Assignor.

 

	
1.  

	
The Assignor hereby represents and warrants to the Purchaser that:

 

	
(a)  

	
Rights in Note:  The Assignor has all rights as set out in the Note.

 

	
(b)  

	
Authority to Assign:  The Assignor has the power and authority to assign the legal and beneficial title to the Note to the Purchaser in the manner contemplated by this Assignment.

 

	
(c)  

	
Note to be Delivered:  The Assignor will deliver by courier the original of the Note currently in its possession or control to the Purchaser.

 

	
(d)  

	
Note Valid and Subsisting and in Effect:  The Note is valid and subsisting and in full force and effect.

 

	
(e)  

	
No Other Assignments:  The Assignor has not assigned or encumbered any of the Note.

 

  

1

  

	
(f)  

	
Assignor’s Obligations Performed; Rights maintained:  The Assignor has fulfilled and performed all of the Assignor’s obligations and has maintained all of the rights in the Note. The principal amount of the Note was advanced to the Debtor on November 18, 2013.

 

	
(g)  

	
No Defaults:  The Assignor is not aware of any default by the Assignor or the Debtor under the Note.

 

	
(h)  

	
No Outstanding Disputes:  There are no outstanding disputes between the Assignor and the Debtor in respect of the Note.

 

	
    

	
          (i)

	
No Consents Required:  There are no consents required from any Person to the assignment of the Note as contemplated hereby.

 

	
(k)  

	
Authorized Signatory: The Assignor’s authorized signatory has executed this Assignment.

 

	
2.  

	
The Assignor hereby assigns absolutely to the Purchaser, all debts and sums of money now due or hereafter due to the Assignor under the Note and all rights and benefits of the Assignor in relation to the Note;

 

	
3.  

	
The Assignor hereby delivers to the Debtor the Note and confirms that it has no further interest in the Note and has no claim whatsoever against the Debtor.

 

	
4.  

	
Purchaser represents and warrants to Assignor as follows:

 

	
(a)  

	
Purchaser acknowledges that upon execution of this Agreement, it has completed its own investigation and undertaken any and all due diligence and has the requisite power and authority to enter into and to consummate the transactions contemplated by this transaction and otherwise to carry out its obligations hereunder.

 

	
(b)  

	
The Purchaser is acquiring the Note for investment for the Purchaser's own account and not with a view to, or for resale in connection with, any distribution thereof.

 

	
(c)  

	
The Purchaser understands that the shares issuable upon conversion of the Note (the "Restricted Shares") have not been registered under applicable state or federal securities laws, and is purchasing the Note and Restricted Shares pursuant to an exemption from the registration requirements of the Securities Act.

 

	
(d)  

	
The Purchaser has sufficient knowledge and experience of financial and business matters, is able to evaluate the merits and risks of the partial purchase of the Note and has had substantial experience in previous private and public purchases of securities.

 

	
(e)  

	
Authorization: Enforcement. (i) Purchaser has all requisite corporate power and authority to enter into and perform the Agreement and to consummate the transactions contemplated hereby and to purchase each Note, in accordance with the terms hereof,(ii) the execution and delivery of this Agreement by the Purchaser and the consummation by it of the transactions contemplated hereby (including, without limitation, the purchase of the Note by the Purchaser) have been duly authorized by the Purchaser and no further consent or authorization of the Purchaser or its members is required, (iii) this Agreement has been duly executed and delivered by the Purchaser, and (iv) this Agreement constitutes a legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms,  except  as  such  enforceability  may  be  limited  by applicable  bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally,  the enforcement  of  creditors'  rights  and  remedies  or  by other  equitable principles  of  general application.

 

  

2

  

	
(f)  

	
No Conflicts. The execution, delivery and performance of this Agreement by the Purchaser and the consummation by the Purchaser of the transactions contemplated hereby will not (i) conflict with or result in a violation of any provision of its certificate of formation or other organizational documents, or (ii) violate or conflict with or result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, note, bond, indenture or other instrument to which Purchaser is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and regulations of any self-regulatory organizations to which Purchaser is subject) applicable to Seller or the Note is bound or affected. The Purchaser is not required to obtain any consent, authorization or order of, or make any filing or registration with, any court, governmental agency, regulatory agency, self-regulatory organization or stock market or any third party in order for it to execute, deliver or perform any of its obligations under this Agreement in accordance with the terms hereof.

 

	
5.  

	
Delivery of an executed copy of this instrument by electronic means, including by facsimile transmission or by electronic delivery in portable document format (“.pdf”), shall be equally effective as delivery of a manually executed copy of this instrument.  The parties acknowledge and agree that in any legal proceedings between them respecting or in any way relating to this instrument, each waives the right to raise any defense based on the delivery of this instrument by electronic means.

 

 

Dated at _____________ on November 13, 2014.

 

 

GCA STRATEGIC INVESTMENT                                                                                     TANGIERS CAPITAL, LLC

 FUND LIMITED

 

 

Per: /s/ Lew Lester                                                                                                                Per: /s/ Michael Sobeck

     Authorized Signatory                                                                                                            Authorized Signatory

 

	
  

	
Agreements of Debtor

 

	
1.  

	
The Debtor acknowledges and consents to the above assignment and acknowledges its indebtedness to the Assignor in the amount of $250,000.

 

	
2.  

	
The Debtor’s consent to the Assignment is made in consideration of the Debtor and the Purchaser agreeing to amend the Note as follows, and they do so agree:

 

	
(a)  

	
The Maturity Date of the Note is extended to November 18, 2015.

 

	
(b)  

	
Section 4.2 of the Note is deleted and replaced with the following: Conversion Price. At the Holder’s option, and at any time following the Restricted Period, the Holder may convert any portion or the entire outstanding principal amount of this Convertible Note into a number of shares of Common Stock at the conversion price equal to the lesser of (a) 100% of the Volume Weighted Average Price (the “VWAP”), as reported on the Closing Date hereof, and (b) 70% of the average of the 5 day VWAP including the day of conversion (the “Conversion Price”).

 

	
3.  

	
Any capitalized term that is not defined in this Assignment Agreement has the meaning as defined in the Note.

 

	
4.  

	
Each of the Debtor and the Purchaser warrant and represent that their duly authorized signatory has executed this Assignment.

 

	
5.  

	
In all other respects, the terms of the Note remain the same, with the Purchaser as the Holder.

 

Delivery of an executed copy of this instrument by electronic means, including by facsimile transmission or by electronic delivery in portable document format (“.pdf”), shall be equally effective as delivery of a manually executed copy of this instrument.  The parties acknowledge and agree that in any legal proceedings between them respecting or in any way relating to this instrument, each waives the right to raise any defense based on the delivery of this instrument by electronic means.

 

Dated on November 13, 2014.

 

 

LIBERTY STAR URANIUM                                                                         TANGIERS CAPITAL, LLC

& METALS CORP.

 

 

Per: /s/ James Briscoe                                                                                     Per: /s/ Michael Sobeck

       Authorized Signatory                                                                                     Authorized Signatory

 

 

  

3

  

EXHIBIT A

This information intentionally deleted

  

4EX-10.1

 Exhibit 10.1 

Execution Version 

AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT 

AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 11, 2014 (this “Amendment”), among
SPECTRA ENERGY PARTNERS, LP, a Delaware limited partnership (the “Borrower”), Citibank, N.A., in its capacity as administrative agent under the Credit Agreement referred to below (the “Agent”) and the Lenders
executing this Amendment on the signature pages hereto. 
 The Borrower, the Agent and certain Lenders party thereto prior to the date
hereof (the “Existing Lenders”) are parties to an Amended and Restated Credit Agreement dated as of November 1, 2013 (as heretofore amended, restated, supplemented or otherwise modified, the “Credit Agreement,”
and as amended by this Amendment, the “Amended Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions of credit to be made by the Lenders to the Borrower. 

In connection with the Amendment and the transactions contemplated hereby, each of J.P. Morgan Securities LLC, Citigroup Global Markets Inc.
and RBS Securities Inc. has been appointed as a Joint Lead Arranger and Joint Bookrunner (collectively, the “Joint Lead Arrangers”). 

The Borrower and the Lenders party hereto wish to amend the Credit Agreement in certain respects, and accordingly, the parties hereto hereby
agree as follows: 
 Section 1. Definitions. Except as otherwise defined in this Amendment, terms defined in the Credit
Agreement are used herein as defined therein. 
 Section 2. Amendments. Subject to the satisfaction of the conditions precedent
specified in Section 4 of this Amendment, but effective as of the Amendment Effective Date (as hereinafter defined), the Credit Agreement shall be amended as follows: 

2.01 References Generally. References in the Credit Agreement (including references to the Credit Agreement as amended hereby) to
“this Agreement” (and indirect references such as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be references to the Credit Agreement as amended hereby. 

2.02 Definitions. 
 (a)
Section 1.01 of the Credit Agreement shall be amended by adding the following definitions in the appropriate alphabetical location: 

“Anti-Corruption Laws” means all laws, rules, and regulations of any governmental authority that are applicable to the
Borrower or any of its Subsidiaries from time to time concerning or relating to bribery, money laundering, or corruption, including, without limitation, the United States Foreign Corrupt Practices Act of 1977, as amended from time to time. 

“Impacted Interest Period” has the meaning assigned to such term in the definition of Eurodollar Rate. 

 “Interpolated Rate” means, at any time, for any Interest Period,
the rate per annum (rounded to the same number of decimal places as the Screen Rate) determined by the Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a
linear basis between: (a) the Screen Rate for the longest period (for which the Screen Rate is available) that is shorter than the Impacted Interest Period; and (b) the Screen Rate for the shortest period (for which the Screen Rate is
available) that exceeds the Impacted Interest Period, in each case, at such time. 
 “Sanctioned Country”
means, at any time, a country or territory which is itself the subject or target of any Sanctions. 
 “Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, and, in each
case to the extent applicable, the United Nations Security Council, the European Union or any European Union member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any
such Person or Persons described in the foregoing clauses (a) or (b). 
 “Sanctions” means economic or
financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S.
Department of State, or (b) in each case to the extent applicable, the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom. 

“Screen Rate” has the meaning assigned to such term in the definition of Eurodollar Rate. 

(b) Section 1.01 of the Credit Agreement shall be amended by restating the pricing grid in the definition of “Applicable
Margin” in its entirety to read as follows: 
  

											
	 Level
	  	 Public Debt Rating
(S&P/Moody’s/Fitch)
	  	Eurodollar
Margin	 	 	Base Rate
Margin	 
	 Level 1
	  	>A/A2/A	  	 	0.790	% 	 	 	0.000	% 
	 Level 2
	  	> A-/A3/A-	  	 	0.900	% 	 	 	0.000	% 
	 Level 3
	  	>BBB+/Baa1/BBB+	  	 	1.000	% 	 	 	0.000	% 
	 Level 4
	  	>BBB/Baa2/BBB	  	 	1.075	% 	 	 	0.075	% 
	 Level 5
	  	>BBB-/Baa3/BBB-	  	 	1.275	% 	 	 	0.275	% 
	 Level 6
	  	<BBB-/Baa3/BBB-	  	 	1.450	% 	 	 	0.450	% 

  
 2 

 (c) Section 1.01 of the Credit Agreement shall be amended by restating the pricing
grid in the definition of “Applicable Percentage” in its entirety to read as follows: 
  

							
	 Level
	  	 Public Debt Rating
(S&P/Moody’s/Fitch)
	  	Applicable
Percentage	 
	 Level 1
	  	> A/A2/A	  	 	0.085	% 
	 Level 2
	  	>A-/A3/A-	  	 	0.100	% 
	 Level 3
	  	>BBB+/Baa1/BBB+	  	 	0.125	% 
	 Level 4
	  	>BBB/Baa2/BBB	  	 	0.175	% 
	 Level 5
	  	>BBB-/Baa3/BBB-	  	 	0.225	% 
	 Level 6
	  	<BBB-/Baa3/BBB-	  	 	0.300	% 

 (d) Section 1.01 of the Credit Agreement shall be amended by restating the definition of
“Eurodollar Rate” in its entirety to read as follows: 
 “Eurodollar Rate” means, for any Interest
Period for each Eurodollar Rate Advance comprising part of the same Borrowing, (a) the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for
dollars for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or
substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion; in each case the “Screen
Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of
this Agreement; provided further that if the Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) then the Eurodollar Rate shall be the Interpolated Rate;
provided that if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement, divided by (b) one minus the Eurodollar Rate Reserve Percentage. 

  
 3 

 (e) Section 1.01 of the Credit Agreement shall be amended to amend the definition of
“FATCA” by replacing the second “and” in the first sentence of the definition thereof with “,” and inserting the phrase, “and any intergovernmental agreement between the United States and another country to
implement such Sections of the Internal Revenue Code and any fiscal or regulatory legislation, rules or practices officially adopted by a government or governmental authority pursuant to such intergovernmental agreement” at the end of such
sentence immediately prior to the period. 
 (f) Section 1.01 of the Credit Agreement shall be amended to amend the definition of
“Revolving Lenders” by inserting the phrase “or pursuant to an Accession Agreement” immediately following the first occurrence of the phrase, “pursuant to an Assignment and Acceptance” therein. 

(g) Section 1.01 of the Credit Agreement shall be amended by restating the definition of “Termination Date” in its
entirety to read as follows: 
 “Termination Date” means the earlier of December 11, 2019 (as such date
may be extended pursuant to Section 2.05(e), but in no event later than December 11, 2021) and the date of termination in whole of the Revolving Commitments pursuant to Section 2.05 or 6.01. 

2.03 Advances. Section 2.01 of the Credit Agreement shall be amended by replacing the phrase “of the Existing Credit
Agreement” in the first sentence of clause (a) thereof with the word “hereof”. 
 2.04 Taxes. Section 2.15 of
the Credit Agreement shall be amended as follows: 
 (a) By inserting in clause (e) thereof the phrase, “or to such Lender’s
failure to comply with the provisions of Section 8.07(e) (relating to the maintenance of a Participant Register)” immediately following the phrase, “any governmental authority that are attributable to such Lender” in the
first sentence of such clause (e); 
 (b) By restating clause (g) thereof in its entirety to read as follows: 

“(g) Each Lender that is not a United States Person, as defined in Section 7701(a)(30) of the Internal Revenue Code
(a “Foreign Lender”), shall, to the extent it is legally entitled to do so, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender and on the date it becomes a Lender under this
Agreement in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Borrower or the Agent (but only so long as such Lender remains lawfully able to do so), provide each of the Agent and the Borrower
with (i) two duly completed and properly executed originals of United States Internal Revenue Service Forms W-8BEN, W-8BEN-E or W-8ECI or any applicable successor form, as the case may be, certifying that such Foreign Lender is exempt from or
entitled to a reduced rate of United States withholding tax on payments pursuant to this Agreement or the Notes, (ii) in the case of a Foreign Lender claiming exemption from United States federal withholding tax under Section 881(c) of the
Internal Revenue Code with respect to payments of “portfolio interest,” a statement substantially in the form of Exhibit E-1 and two duly completed and properly executed originals of

  
 4 

 
United States Internal Revenue Service Form W-8BEN or W-8BEN-E, or any applicable successor form, or (iii) to the extent such Foreign Lender is not the beneficial owner, two duly completed
and properly executed originals of United States Internal Revenue Service Form W-8IMY, accompanied by United States Internal Revenue Service Forms W-8ECI, W-8BEN, W-8BEN-E or W-9, a statement substantially in the form of Exhibit E-3 or
E-4, and/or other certification documents from each beneficial owner, as applicable; provided that if such Foreign Lender is a partnership and one or more direct or indirect partners of such Lender are claiming the portfolio interest
exemption, such Foreign Lender may provide a statement substantially in the form of Exhibit E-2 on behalf of each such direct and indirect partner.”; 

(c) By amending clause (l) thereof to replace the phrase, “indemnification payments or additional amounts giving rise to such refund
had never been paid” at the end of the last sentence of such clause (l) with the phrase, “Tax or Other Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax or Other Tax had never been paid”; 
 (d) By inserting at the
end of clause (m) thereof the phase, “and the term “applicable law” includes FATCA” at the end of such clause (m) immediately prior to the period; and 

(e) By adding a new clause (n) at the end of such Section, which reads as follows: 

“(n) For purposes of determining withholding taxes imposed under FATCA, the Borrower and the Agent shall treat (and the Lenders hereby
authorize the Borrower and the Agent to treat) this Agreement and any Advance as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).” 

2.05 Representations and Warranties. Section 4.01 of the Credit Agreement shall be amended as follows: 

(a) By replacing the reference to “2012” in clause (d)(iii) there with a reference to “2013”; and 

(b) By adding a new clause (l) at the end of such Section, which reads as follows: 

“(l) Anti-Corruption Laws and Sanctions. The Borrower, its Subsidiaries and, to the knowledge of the Borrower, their respective
officers, employees, directors and agents, are in compliance with Anti-Corruption Laws, the Patriot Act and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or, to the knowledge of the Borrower, any of
their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary acting in any capacity in connection with or benefitting from the credit facility established hereby, is a
Sanctioned Person.” 

  
 5 

 2.06 Negative Pledge. Section 5.07 of the Credit Agreement shall be amended as
follows: 
 (a) By amending the lead-in to such covenant to (i) add “to secure Indebtedness” immediately after the reference
to “Lien” therein, and (ii) to add “(for the avoidance of doubt, to the extent such Liens secure Indebtedness)” at the end thereof; 

(b) By restating clause (i) thereof to read “[reserved]”; 

(c) By restating clause (l) thereof to read “[reserved]”; and 

(d) By restating clause (s) thereof to read “[reserved]”. 

2.07 Use of Proceeds. Section 5.09 of the Credit Agreement shall be amended as follows: 

(a) By inserting in the first sentence thereof “and Letters of Credit” immediately after the reference to “the Revolving
Advances.” 
 (b) By adding the following sentence at the end thereof: 

“No part of the proceeds of any Revolving Advances, Letter of Credit or Incremental Term Loans shall be used, directly, or with the
knowledge of the Borrower, indirectly (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or the Patriot
Act, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of the Patriot
Act or any Sanctions applicable to any party hereto.” 
 2.08 Events of Default. Section 6.01 of the Credit Agreement shall
be amended by inserting the phrase “or fourth” in clause (c) thereof immediately after the reference to “third” therein. 

2.09 Exhibits. Each of Exhibits E-1, E-2, E-3 and E-4 to the Credit Agreement shall be amended to insert the phrase, “or W-8BEN-E
(as applicable)” immediately after each reference to “W-8BEN” therein. Exhibit E-2 to the Credit Agreement shall be further amended by inserting the word, “income” immediately after the phrase, “U.S. federal” in
clause (iv) of the second paragraph of such Exhibit. 
 Section 3. Representations and Warranties. The Borrower represents
and warrants to the Lenders and the Agent that (a) the representations and warranties contained Section 4.01 of the Amended Credit Agreement are correct in all respects on the Amendment Effective Date (as defined below) (except for those
representations and warranties that specifically relate to a prior date, which shall have been correct on such prior date) and (b) no Default or Event of Default has occurred and is continuing on the Amendment Effective Date or would result
from giving effect to this Amendment. 

  
 6 

 Section 4. Conditions Precedent. The amendments set forth in Section 2 of this
Amendment shall become effective, as of December 11, 2014, being the first date (the “Amendment Effective Date”) on which the following conditions precedent set forth in this Section 4 have been satisfied. 

4.01 Counterparts. The Agent shall have received one or more counterparts of this Amendment, executed and delivered by the Borrower and
each of the Lenders. 
 4.02 Corporate Documents and Opinions of Counsel. The Agent shall have received the following, each dated the
Amendment Effective Date, in form and substance reasonably satisfactory to the Agent: 
 (a) (I) an opinion of the internal legal counsel of
the Borrower and (II) an opinion of Bracewell & Giuliani LLP, special counsel for the Borrower; 
 (b) certified copies of the
resolutions of the Board of Directors or similar governing body of the Ultimate General Partner (in its capacity as general partner of the General Partner, in its capacity as General Partner of the Borrower) approving this Amendment and the Amended
Credit Agreement, and of all documents evidencing other necessary corporate or other similar action and governmental approvals, if any, with respect to this Amendment; 

(c) a certificate signed by the Chief Financial Officer or the Treasurer of the Ultimate General Partner (in its capacity as general partner of
the General Partner, in its capacity as General Partner of the Borrower), dated the Amendment Effective Date, to the effects set forth in clauses (a) and (b) of Section 3; 

(d) a certificate of the Secretary or an Assistant Secretary of the Ultimate General Partner (in its capacity as general partner of the General
Partner, in its capacity as General Partner of the Borrower) certifying the names and true signatures of the officers of the Ultimate General Partner (in its capacity as general partner of the General Partner, in its capacity as General Partner of
the Borrower) authorized to sign this Amendment and the other documents to be delivered hereunder; and 
 (e) all documents the Agent may
have reasonably requested prior to the Amendment Effective Date relating to the existence of the Borrower, the corporate or other similar authority for and the validity of this Amendment and the Amended Credit Agreement, and any other matters
relevant hereto. 
 4.03 Fees. The Agent and the Joint Lead Arrangers shall have received all fees and other amounts due and payable
to them on or prior to the Amendment Effective Date, including reimbursement or payment of all reasonable and invoiced out-of-pocket fees, charges and expenses of a single counsel and of a single local counsel to the Agent and the Joint Lead
Arrangers in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) and such other counsel retained with the Borrower’s prior written consent (such consent not to be unreasonably withheld or
delayed), required to be reimbursed or paid by the Borrower under the Amended Credit Agreement. 

  
 7 

 4.04 Know Your Customer. The Lenders shall have received, to the extent requested at least
two (2) Business Days prior to the Amendment Effective Date, all documentation and other information reasonably requested by the Lenders or the Agent under applicable “know your customer” and anti-money laundering rules and
regulations, including the Patriot Act. 
 Section 5. Deemed Assignments. Simultaneously with the Amendment Effective Date, any
required assignments shall be deemed to be made in such amounts among the Revolving Lenders and from each Revolving Lender to each other Revolving Lender (including from any Revolving Lender that reduces its revolving commitment in connection with
this Amendment), and any Existing Revolving Lender that is not a Revolving Lender hereunder shall be deemed to have assigned its Revolving Commitment and Advances to one or more Revolving Lenders hereunder, all as reasonably determined and managed
by the Agent, in each case with the same force and effect as if such assignments were evidenced by applicable Assignments and Acceptances under the Credit Agreement, but without the payment of any related assignment fee. Notwithstanding anything to
the contrary in the Credit Agreement or in this Amendment, no other documents or instruments, including any Assignment and Acceptance, shall be, or shall be required to be, executed in connection with the assignments set forth in this Section 5
(all of which requirements are hereby waived), and such assignments shall be deemed to be made with all applicable representations, warranties and covenants as if evidenced by an Assignment and Assumption. On the Amendment Effective Date,
(i) the applicable Revolving Lenders shall make full cash settlement with one another (including with any Revolving Lender whose revolving commitment is being decreased or any Existing Revolving Lender that is not a Revolving Lender), either
directly or through the Agent, as the Agent may direct or approve, with respect to all assignments, reallocations and other changes in Revolving Commitments, such that after giving effect to such settlements the Pro Rata Share and Revolving
Commitment of each Revolving Lender shall be as set forth opposite such Revolving Lender’s name on the signature pages hereof under the caption “Commitment” and (ii) each such Revolving Lender or Existing Revolving Lender shall
be entitled to any reimbursement under Section 2.11 of the Credit Agreement or the Amended Credit Agreement, as applicable, with respect thereto. 

Section 6. Miscellaneous. Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect, and
the Borrower (a) ratifies, confirms and reaffirms all provisions of the Credit Agreement as amended by this Amendment, and (b) ratifies and confirms that all obligations of the Borrower under the Notes and the Credit Agreement as amended
by this Amendment are not released, reduced, or otherwise adversely affected by this Amendment. The execution and delivery of this Amendment shall not constitute a novation of any indebtedness or other obligations owing to any Revolving Lender, any
Issuing Bank or the Agent under the Credit Agreement based on facts or events occurring or existing prior to the execution and delivery of this Amendment. This Amendment may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by
facsimile or other electronic means (.pdf or .tif) shall be effective as delivery of a manually executed counterpart of this Amendment. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York. Each of
the parties hereto hereby irrevocably and unconditionally submits to the exclusive jurisdiction and venue of the 

  
 8 

 
United States District Court for the Southern District of New York and of any New York State court sitting in New York County, Borough of Manhattan, and any appellate court from any such federal
or state court, for purposes of all suits, actions or legal proceedings arising out of or relating to this Amendment and the Amended Credit Agreement or the transactions contemplated hereby or thereby. Each of the parties hereto irrevocably waives,
to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an
inconvenient forum. EACH OF THE BORROWER, THE AGENT AND THE LENDERS PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING
TO THIS AMENDMENT, THE AMENDED CREDIT AGREEMENT OR THE NOTES OR THE ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. This Amendment constitutes the entire agreement and understanding among
the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. 

[Remainder of page intentionally left blank; signature pages follow.] 

  
 9 

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

					
	SPECTRA ENERGY PARTNERS, LP, as Borrower
		
	By:	 	Spectra Energy Partners (DE) GP, LP, its general partner
			
		 	By:	 	Spectra Energy Partners GP, LLC, its general partner
			
		 	By:	 	 /s/ Laura J. Buss Sayavedra

		 		 	Name: Laura J. Buss Sayavedra
		 		 	Title: Vice President and Treasurer

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $129,000,000
	  	$	100,000,000	  

  

			
	CITIBANK, N.A., as the
	Agent, as a Lender and as an Initial Issuing Bank
		
	By:	 	 /s/ Lisa Huang

	Name:	 	Lisa Huang
	Title:	 	Attorney-In-Fact

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $129,000,000
	  	$	0	  

  

			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Bridget Killackey

	Name:	 	Bridget Killackey
	Title:	 	Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $129,000,000
	  	$	50,000,000	  

  

			
	THE ROYAL BANK OF SCOTLAND PLC, as a Lender and as an Initial Issuing Bank
		
	By:	 	 /s/ Steve Ray

	Name:	 	Steve Ray
	Title:	 	Authorised Signatory

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $129,000,000
	  	$	0	  

  

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Michael Clayborne

	Name:	 	Michael Clayborne
	Title:	 	Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

			
	 Commitment:
	  	Letter of Credit
Commitment:
	 $129,000,000
	  	$100,000,000

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and as an Initial Issuing Bank
		
	By:	 	 /s/ Nathan Starr

	Name:	 	Nathan Starr
	Title:	 	Assistant Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	BARCLAYS BANK PLC,
	as a Lender
		
	By:	 	 /s/ Ronnie Glenn

	Name:	 	Ronnie Glenn
	Title:	 	Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
		
	By:	 	 /s/ VIPUL DHADDA

	Name:	 	VIPUL DHADDA
	Title:	 	AUTHORIZED SIGNATORY
		
	By:	 	 /s/ Sean MacGregor

	Name:	 	Sean MacGregor
	Title:	 	Authorized Signatory

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Virginia Cosenza

	Name:	 	Virginia Cosenza
	Title:	 	Vice President
		
	By:	 	 /s/ Andreas Neumeier

	Name:	 	Andreas Neumeier
	Title:	 	Managing Director

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $80,000,000
	  	$	0	  

  

			
	MORGAN STANLEY BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $40,000,000
	  	$	0	  

  

			
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as a Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	ROYAL BANK OF CANADA,
	as a Lender
		
	By:	 	 /s/ Jason S. York

	Name:	 	Jason S. York
	Title:	 	Authorized Signatory

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	SUNTRUST BANK,
	as a Lender
		
	By:	 	 /s/ Carmen Malizia

	Name:	 	Carmen Malizia
	Title:	 	Director

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	UBS AG, STAMFORD BRANCH,
	as a Lender
		
	By:	 	 /s/ Lana Gifas

	Name:	 	Lana Gifas
	Title:	 	Director
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Associate Director

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	THE BANK OF TOKYO-MITSUBISHI UFJ,
	LTD., as a Lender
		
	By:	 	 /s/ Sherwin Brandford

	Name:	 	Sherwin Brandford
	Title:	 	Director

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $63,000,000
	  	$	0	  

  

			
	KEYBANK NATIONAL ASSOCIATION,
	 as a Lender

		
	By:	 	 /s/ Keven Smith

	Name:	 	Keven Smith
	Title:	 	Senior Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
		
	By:	 	 /s/ James D. Weinstein

	Name:	 	James D. Weinstein
	Title:	 	Managing Director

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $40,000,000
	  	$	0	  

  

			
	THE NORTHERN TRUST COMPANY,
	 as a Lender

		
	By:	 	 /s/ Keith Burson

	Name:	 	Keith Burson
	Title:	 	Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $120,000,000
	  	$	0	  

  

			
	GOLDMAN SACHS BANK USA,
	 as a Lender

		
	By:	 	 /s/ Rebecca Kratz

	Name:	 	Rebecca Kratz
	Title:	 	Authorized Signatory

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $13,000,000
	  	$	0	  

  

			
	BMO HARRIS BANK N.A.,
	 as a Lender

		
	By:	 	 /s/ Melissa Guzmann

	Name:	 	Melissa Guzmann
	Title:	 	Vice President

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $13,000,000
	  	$	0	  

  

			
	 CANADIAN IMPERIAL BANK OF

COMMERCE, NEW YORK BRANCH,

	 as a Lender

		
	By:	 	 /s/ Trudy Nelson

	Name:	 	Trudy Nelson
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Richard Antl

	Name:	 	Richard Antl
	Title:	 	Authorized Signatory

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $13,000,000
	  	$	0	  

  

			
	THE BANK OF NOVA SCOTIA,
	 as a Lender

		
	By:	 	 /s/ John Frazell

	Name:	 	John Frazell
	Title:	 	Director

  
 Signature Page to Amendment No. 1
to Amended and Restated Credit Agreement 

					
	 Commitment:
	  	Letter of Credit
Commitment:	 
	 $13,000,000
	  	$	0	  

  

			
	TORONTO DOMINION (NEW YORK) LLC,
	 as a Lender

		
	By:	 	 /s/ DEBBI L. BRITO

	Name:	 	DEBBI L. BRITO
	Title:	 	AUTHORIZED SIGNATORY

  
  

					
	 Total Commitments:
	  	Total
Letter of Credit Commitments:	 
	 $2,000,000,000.00
	  	$	250,000,000.00	  

  
 Signature Page to Amendment No. 1 to
Amended and Restated Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00238-of-00352.parquet"}]]