Document:

Unassociated Document

    
      

    

    
      Exhibit
10.2

      

      OMNIBUS
AGREEMENT

      

      This
Omnibus Agreement (this "Agreement")
is dated as of June 11, 2008 by and among TD Marine, LLC, a Delaware limited
liability company ("TD
Marine"), James E. Davison, an individual ("James
Davison"), Steven K. Davison, an individual ("Steve
Davison"), Todd A. Davison, an
individual ("Todd
Davison" and, together with TD Marine, James Davison and Steve Davison,
the "Davison Parties"), on the one hand, and
Genesis Energy, L.P., a Delaware limited partnership ("Parent"),
and Genesis Marine Investments, LLC, a Delaware limited liability company
("Genesis
Marine" and, together with Parent, the "Genesis
Parties"), on the other hand.

      

      INTRODUCTION

      

      1.         
  Grifco Transportation, Ltd., a Texas limited partnership ("Grifco"),
and certain of its affiliates, collectively, have developed a private barge transportation business, which they
desire to sell.

      

      2.         
  Parent has developed a
substantial public business that operates primarily in the hydrocarbon
transportation, refinery services, industrial gases, and supply and logistics
services (relating primarily to hydrocarbons and related by-products) sectors.

      

      3.          
 Affiliates of TD Marine have substantial and diversified business
interests, including some relating to the energy sector.

      

      4.           
Parent and TD Marine believe the business of Grifco and its
affiliates and the businesses and interests of Parent, TD Marine and their
affiliates are complementary and the value of the business of Grifco and its
affiliates could be enhanced by continuing to grow it and by associating it with
such other businesses and interests.

      

      5.           
To achieve such an association and the related benefits, Parent and TD Marine
desire to invest in such business through a jointly owned company that will
acquire such business from Grifco and its affiliates.

      

      6.           
Consequently, directly and/or through affiliates, Grifco, Parent and TD Marine entered into an
arrangement pursuant to which Parent and TD Marine, effectively, will form a
jointly owned company—comprised of three entities—that will acquire, own and
operate the business of Grifco and its affiliates, with TD Marine owning an
aggregate 51% economic interest in the jointly owned company and controlling it,
and Parent owning an aggregate 49% economic interest in the jointly owned
company.

      

      7.        
   Pursuant to (x) that certain Contribution and Sale Agreement,
dated as of even date herewith (the "Contribution
Agreement"), by and among Parent, Genesis Marine and Grifco and certain
of its affiliates and (y) this Agreement, the following, among other things,
will occur:

      

      
        
          	
                	
                  a.

                	
                  immediately
      before the closing contemplated by the Contribution
    Agreement:

                

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	
                 
      

              	
                i.

              	
                Grifco
      will form DG JV, LLC, a Delaware limited liability company ("DG
      JV"), which initially will be wholly-owned by Grifco and its
      affiliates;

              

      

      

      
        	
                 
      

              	
                ii.

              	
                Grifco
      will cause DG JV to form DG Marine Holdings, LLC, a Delaware limited
      liability company ("Marine
      Holdings"), which initially will be owned 75.00% by DG JV and
      25.00% by Grifco;

              

      

      

      
        	
                 
      

              	
                iii.

              	
                Grifco
      will cause Marine Holdings to form DG Marine Transportation, LLC, a
      Delaware limited liability company ("Marine
      Transportation"), which initially will be owned 52.50% by Marine
      Holdings and 47.50% by Grifco;

              

      

      

      
        	
                 
      

              	
                iv.

              	
                Grifco
      and certain of its affiliates will transfer all or substantially all of
      their operating assets to Marine Transportation;
  and

              

      

      
         

      

      
        	
                 
      

              	
                b.

              	
                concurrent
      with such closing,

              

      

      

      
        	
                 
      

              	
                i.

              	
                Grifco
      and its affiliates will sell, transfer and convey 90.67% of the membership
      interests in DG JV to TD Marine in exchange for $25,500,000 in
      cash;

              

      

      

      
        	
                 
      

              	
                ii.

              	
                Grifco
      will contribute the following interests (the "Genesis Transferred
      Interests") to Parent in exchange for $24,500,000, comprised of
      $7,833,333 in cash and $16,666,667 in the form of a specified number of
      Parent's newly issued common units (the "Grifco
      Units"), valued at a price per unit equal to the five day trading
      average of such units ending with the second day following the
      closing:

              

      

      

      (x)          
 9.33% of all the membership interests in DG JV;

      

      (y)           25.00%
of all the membership interest in Marine Holdings; and

      

      (z)           17.50%
of all the membership interest in Marine Transportation (with the balance of
such membership interest being owned by Grifco (30.00%) and Marine Holdings
(52.50%));

      

      
        	
                 
      

              	
                iii.

              	
                Parent
      will contribute the Genesis Transferred
      Interests to Genesis OLP, which will then contribute such Genesis
      Transferred Interests to Genesis
Marine;

              

      

      

      
        	
                 
      

              	
                iv.

              	
                Marine
      Transportation redeemed all of its membership interest held by Grifco
      (30.00%), resulting in Marine Transportation being owned 75.00% by Marine
      Holdings and 25.00% by Genesis
Marine;

              

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      
        	
                 
      

              	
                v.

              	
                TD
      Marine, Grifco, Genesis Marine and certain of their affiliates will
      execute the limited liability company agreement of DG JV (the "DG JV LLC
      Agreement") to acknowledge their rights and obligations as members
      of DG JV and to allow Grifco, Parent and Genesis OLP to transfer their
      interests in DG JV as contemplated by that agreement and to release such
      transferring parties from any and all obligations under that agreement,
      resulting in TD Marine and Genesis Marine being the sole remaining members
      of DG JV and the only parties with any rights or obligations under that
      agreement.  Upon the execution of the DG JV LLC Agreement, the
      90.67% membership interest in DG JV owned
      by  TD Marine will constitute Class A Membership Interests and
      the 9.33% membership interest in DG JV owned by Genesis
      Marine will constitute Class B Membership Interests under the DG JV LLC Agreement;
      and

              

      

      

      
        	
                 
      

              	
                vi.

              	
                Grifco,
      Parent, Genesis Marine and certain of their affiliates will execute the
      limited liability company agreement of each of Marine Holdings and Marine
      Transportation to acknowledge their rights and obligations as members of
      Marine Holdings and Marine Transportation and to allow Grifco, Parent and
      Genesis OLP to transfer their interests in Marine Holdings and Marine
      Transportation as contemplated by those agreements and to release such
      transferring parties from any and all obligations under that agreement,
      resulting in DG JV and Genesis Marine being the sole remaining members of
      Marine Holdings and the only parties with any rights or obligations under
      that agreement, and resulting in Marine Holdings and Genesis Marine being
      the sole remaining members of Marine Transportation and the only parties
      with any rights or obligations under that
  agreement.

              

      

      

      8.            Parent
will redeem from TD Marine (or one or more of its Affiliates) a number of Parent
common units (the "Davison
Units") equal to the number of the Grifco Units for
$16,666,667.

      

      9.          
 The parties hereto desire to enter into this Agreement to set forth their
relative rights and obligations relating to the transactions contemplated
hereby.

      

      NOW,
THEREFORE, the parties hereto stipulate and agree as follows:

      

      ARTICLE
I.

      DEFINITIONS

      

      Section
1.1            Definitions.  Capitalized
terms used, but not defined herein, shall have the meaning ascribed to them in
the Contribution Agreement.  The following terms as used in this
Agreement shall have the following meanings:

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      "Adverse
Consequences" means all actions, suits, proceedings, hearings,
investigations, charges, complaints, claims, demands, injunctions, judgments,
orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid
in settlement, liabilities, Obligations, Taxes, liens, losses (including any
diminution in value), expenses, and fees, including court costs and attorneys'
fees and expenses, but excluding (except as provided in Section 9 of the
Contribution Agreement) punitive exemplary, special, indirect and consequential
damages.

      

      "Affiliate"
means, with respect to any relevant Person, (a) any other Person that directly
or indirectly, through one or more intermediaries, Controls, is Controlled by,
or is under common Control with, the relevant Person and (b) with respect to any
individual, such individual's spouse and the direct descendants of such
individual and such spouse who are within the second degree of
kinship.  Notwithstanding the foregoing, (i) each of TD Marine and its
Affiliates will be deemed not to be an Affiliate of Parent or Genesis Marine or any
of their Affiliates, and vice versa and (ii) the following will be deemed to be
Affiliates of TD Marine: so long as he owns (directly or indirectly) an interest
in TD Marine, each of James Davison, Steve Davison and Todd Davison and each of his
Affiliates.

      

      "Agreement"
shall have the meaning set forth in the Preamble.

      

      "Business
Day" means Monday through Friday of each week, except that a legal
holiday recognized as such by the government of the United States or the State
of Texas will not be regarded as a Business Day.

      

      "Contribution
Agreement" shall have the meaning set forth in the Preamble.

      

      "Davison
Parties" shall have the meaning set forth in the Preamble.

      

      "Davison
Units" shall have the meaning set forth in the Introduction.

      

      "DG JV"
shall have the meaning set forth in the Introduction.

      

      "DG JV LLC
Agreement" shall have the meaning set forth in the
Introduction.

      

      "Genesis Credit
Facility" means a proposed senior subordinated credit facility to be entered into by DG
JV, Marine Holdings, Marine Transportation, and Genesis Marine, which may be
used to fund some of the jointly owned company's future growth.

      

      "Genesis
OLP" means Genesis Crude Oil, L.P., a Delaware limited
partnership.

      

      "Genesis
Parties" shall have the meaning set forth in the Preamble.

      

      "Genesis
Marine" shall have the meaning set forth in the Preamble.

      

      "Genesis
Transferred Interests" shall have the meaning set forth in the
Introduction.

      

      "Governmental
Authority" means any legislature, agency, bureau, branch, department,
division, commission, court, tribunal, magistrate, justice, multi-national
organization, quasi-governmental body, or other similar recognized organization
or body of any federal, state, county, municipal, local, or foreign government
or other similar recognized organization or body exercising similar powers or
authority.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      "Grifco"
shall have the meaning set forth in the Introduction.

      

      "Grifco
Units"
shall have the meaning set forth in the Introduction.

      

       "James
Davison" shall have the meaning set forth in the Preamble.

      

       "JV Credit
Facility" means a $75,000,000 senior secured revolving credit facility to
be entered into by DG JV upon the terms substantially similar to those reflected
in the term sheet attached as Exhibit A, or as
otherwise modified by unanimous consent of TD Marine and Parent (such consent
not to be unreasonably withheld or delayed).

      

      "Law" means
any law (statutory, common, or otherwise), constitution, treaty, convention,
ordinance, equitable principle, code, rule, regulation, executive order, or
other similar authority enacted, adopted, promulgated, or applied by any
Governmental Authority, each as amended and now and hereinafter in
effect.

      

      "LLC
Agreements" means the DG JV LLC Agreement and the
limited liability company agreements of each of Marine Holdings and Marine
Transportation.

      

      "Marine
Holdings" shall have the meaning set forth in the
Introduction.

      

      "Marine
Redemption" means Marine Transportation's redemption of all of its
membership interest held by Grifco (30.00%) for $30,000,000 in cash pursuant to
the terms of the Marine Redemption Agreement.

      

      "Marine Redemption
Agreement" means the Redemption Agreement to be entered into by and among
Grifco, Genesis Marine, Marine Holdings and Marine Transportation, pursuant to
which Marine Transportation will redeem all of its membership interests held by
Grifco.

      

      "Marine
Transportation" shall have the meaning set forth in the
Introduction.

      

      "Organizational
Documents" means the articles of incorporation, certificate of
incorporation, charter, bylaws, articles or certificate of formation,
regulations, limited liability company operating agreement, certificate of
limited partnership, partnership agreement and all other similar documents,
instruments or certificates executed, adopted or filed in connection with the
creation, formation or organization of a Person, including any amendments
thereto.

      

      "Parent"
shall have the meaning set forth in the Preamble.

      

      "Party" and
collectively as the "Parties"
means each of the Davison Parties and the Genesis
Parties.

      

      "Person"
means an individual or entity, including any partnership, corporation,
association, joint stock company, trust, joint venture, limited liability
company, unincorporated organization or Governmental Authority.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      "Redemption
Price" shall have the meaning set forth in Section
2.1.

      

      "Steve
Davison" shall have the meaning set forth in the Preamble.

      

      "TD Marine"
shall have the meaning set forth in the Preamble.

      

      "Todd
Davison" shall have the meaning set forth in the Preamble.

      

      "Transaction
Agreements" means the Contribution Agreement, the Employment Agreements,
the Non-Competition Agreements, the Security Agreement, the Parent Guaranty, the
Acquired Assets Contribution Agreement, the Acquired Equity Interest Assignment,
the Acquired Equity Interest Contribution Agreement, the Vessel Conveyance
Documents, the Vessel Certificates and Reports, and all other bills of sale and
contracts executed and delivered in connection with the transactions
contemplated in the Contribution Agreement.

      

      "Transaction
Failure" shall have the meaning set forth in Section
5.1.

      

      ARTICLE
II.

      REDEMPTION
OF DAVISON UNITS

      

      Section
2.1           Redemption
of Redeemed Units.  Contemporaneously with the Closing, (i) TD
Marine will (or will cause one or more of its Affiliates to) sell, assign,
convey and transfer to Parent, and Parent will redeem from TD Marine (or one or
more of its Affiliates), the Davison Units and all rights incident to such units
for $16,666,667 in cash (the "Redemption
Price"), (ii) TD Marine will deliver to Parent good and marketable title
to the Davison Units free and clear of all Encumbrances (other than those
arising under the Parent partnership agreement or constituting restrictions on
transfer under applicable securities laws), along with unit certificates
representing the Davison Units duly endorsed to Parent, and (iii) Parent will
not deliver such cash Redemption Price directly to TD Marine, but instead shall
deliver it to the Sellers as a portion of the Cash Consideration paid pursuant
to Section 2(b) of the Contribution Agreement for the benefit and on behalf of
TD Marine.  The Davison Parties hereby acknowledge and warrant that
(x) neither the Davison Units, nor any interest in the Davison Units,
constitutes community property or is subject to any claims of third parties, (y)
TD Marine has full right and authority to transfer (or to cause its applicable
Affiliates to transfer) the Davison Units to Parent and no rights, options or
warrants to purchase any of the Davison Units have been granted by TD Marine
(other than as specifically set forth in this Agreement), and (z) on and after
the Closing Date, none of the Davison Parties nor any of their Affiliates shall
have any ownership interest (direct or indirect) in the Davison Units, and that
each such Person shall relinquish any and all claims to any income from or
appreciation in the value of or other rights in respect of Davison Units,
whether resulting from the present or future activities of Parent; provided, however, that TD Marine and
any of its Affiliates who hold the TD Marine Units will be entitled to receive
only a pro rata share of the distribution on the TD Marine Units attributable to
the calendar quarter in which the Closing occurs, based on the number of days
during such quarter in which such Persons are record holders of the TD Marine
Units, and if any such Persons receive more than their pro rata share, TD Marine
shall promptly pay such excess amount to Genesis Marine (or its designee), and
if any such Persons receive less than their pro rata share, Genesis Marine shall
promptly pay (or cause to be paid) such excess amount to TD
Marine.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      ARTICLE
III.

      COVENANTS
CONCERNING THE DAVISON PARTIES

      

      Section
3.1           Consummation
of Certain Transactions.  The Davison Parties shall use their
commercially reasonable best efforts to (a) assist the Genesis Parties in
meeting their obligations under the Transaction Agreements, including satisfying
the conditions to Closing under the Contribution Agreement, (b) at or prior to
Closing, consummate the financing contemplated by the JV Credit Facility,
including pledging its membership interests in DG JV and causing DG JV to pledge
its assets (including DG JV's membership interests in Marine Holdings and Marine
Transportation), as contemplated by the term sheet attached as Exhibit A, which may be modified by unanimous
consent of TD Marine and Parent (such consent not to be unreasonably withheld or
delayed), and (c) make any filings under the HSR Act that are required to
consummate the transactions contemplated by the Transaction
Agreements.

      

      Section
3.2           Actions
upon Closing.  Contemporaneous with the Closing, the Davison
Parties shall cause TD Marine to (a) deliver $25,500,000 in cash to the Sellers
as part of the Cash Consideration contemplated by the Contribution Agreement in
exchange for 90.67% of the membership interest in DG JV, such $25,500,000 which
will be comprised of (i) $8,833,333 in cash to be paid from TD Marine to the
Sellers and (ii) the $16,666,667 in cash Redemption Price to be delivered to the
Sellers by Parent on behalf of TD Marine, (b) cause Marine Transportation to pay
a total of $30,000,000 to the Sellers in the Marine Redemption, (c) consummate
the Redemption provided for in Section
2.1 above, (d) execute the LLC Agreement of DG JV and perform its
obligations thereunder and to cause DG JV and Marine Holdings to execute the LLC
Agreements of Marine Holdings and Marine Transportation and to perform their
respective obligations thereunder, (e) cause DG JV and/or its Affiliates to
execute the JV Credit Facility and to apply the proceeds pursuant to the terms
of the DG JV LLC Agreement, and (f) cause Marine Transportation to (i) assume
all of the remaining obligations of Genesis Marine under the Contribution
Agreement, including the obligations to make the final purchase price payments
of approximately $12,000,000 in cash for the Trinity Barges and the Jeffboat
Barges and (ii) pay the costs of the Genesis Parties and TD Marine incurred in
connection with the preparation, execution and performance of the Transaction
Agreements.

      

      ARTICLE
IV.

      COVENANTS
CONCERNING THE GENESIS PARTIES

      

      Section
4.1           Consummation
of Certain Transactions.  Each of the Genesis Parties shall use
its commercially reasonable best efforts to (a)  meet its obligations
under the Transaction Agreements, including satisfying the conditions to Closing
under the Contribution Agreement, (b) at or prior to Closing, consummate the
financing contemplated by the JV Credit Facility, including pledging its
membership interests in DG JV and permitting DG JV to pledge its assets
(including DG JV's membership interests in Marine Holdings and Marine
Transportation), as contemplated by the term sheet attached as Exhibit A, which may be modified by unanimous
consent of TD Marine and Parent (such consent not to be unreasonably withheld or
delayed), and (c) make any filings under the HSR Act that are required to
consummate the transactions contemplated by the Transaction
Agreements.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      Section
4.2           Actions
upon Closing.  Contemporaneous with the Closing, Parent shall
(a) deliver $24,500,000 in consideration to the Sellers in exchange for 9.33% of
the membership interests in DG JV, 25.00% of the membership interests in Marine
Holdings and 17.5% of the membership interests in Marine Transportation, such
$24,500,000 which will be comprised of (i) $16,666,667 in the form of Grifco
Units and (ii) $7,833,333 in cash paid from Parent to the Sellers as part of the
Cash Consideration, (b) cause Marine Transportation to pay a total of
$30,000,000 to the Sellers in the Marine Redemption, (c) consummate the
Redemption provided for in Section
2.1 above, (d) cause Genesis Marine to execute the LLC Agreements and
perform its obligations thereunder, (e) contribute the Genesis Transferred
Interests to Genesis OLP, and cause Genesis OLP  to thereafter
contribute the same to Genesis Marine, and (f) assign to Marine Transportation
to all of the remaining obligations of Genesis Marine under the Contribution
Agreement.

      

      Section
4.3            Tax
Information.  Parent shall provide to TD Marine by January 31,
2009, the information necessary to allow each Davison Party to file the
statement required by the second sentence of Treasury Regulation Section
1.751-1(b)(5).

      

      ARTICLE
V.

      COVENANTS
CONCERNING THE PARTIES

      

      Section
5.1           Amendments
to Transaction Agreements.  The
Parties agree that neither Parent nor Genesis Marine shall cause or permit any
Transaction Agreement to be amended or assigned, or waive any of its rights
under any Transaction Agreement, without the prior written consent of TD Marine
(which consent may not be unreasonably withheld or delayed).

      

      Section
5.2           Failure
to Consummate the Transactions.  Each of the Davison Parties
and the Genesis Parties agrees that if the transactions contemplated by the
Transaction Agreements are not consummated (a "Transaction
Failure") as a result of:

      

      (a)           the
failure by Grifco and/or its affiliates to
perform their obligations under the Transaction Agreements or any other event
not attributable to the conduct of either the Davison Parties or the Genesis
Parties, the Genesis Parties shall bear their own costs and those incurred by
the Davison Parties in connection with the
preparation, execution and performance of the Transaction
Agreements,

      

      (b)           the
failure of the Genesis Parties to perform their obligations under the
Transaction Agreements, or if there is any inaccuracy, violation or breach of
any of the representations, warranties, covenants or agreements relating to the
Genesis Parties contained in this Agreement or in any Transaction Agreement,
then (i) in the event of a Transaction Failure, the Genesis Parties shall bear
their own costs and shall reimburse the Davison Parties for their costs
incurred in
connection with the preparation, execution and performance of the Transaction
Agreements, and (ii) the Genesis Parties shall RELEASE,
INDEMNIFY AND HOLD HARMLESS the Davison Parties, and each of their respective
directors, officers, partners, members, employees, agents, successors and
assigns (including DG JV and its subsidiaries) for any Adverse Consequences
actually suffered by such Person resulting from such failure by the Genesis
Parties to perform their obligations under the Transaction Agreements or from
any inaccuracy, violation or breach of any of the representations, warranties,
covenants or agreements of the Genesis Parties contained in
this Agreement or in any Transaction Agreement, and

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      (c)           the
failure of the Davison Parties to perform their obligations under this
Agreement, or if there is any inaccuracy, violation or breach of any of the
representations, warranties, covenants or agreements relating to the
Davison Parties
contained in this Agreement, then (i) in the event of a Transaction Failure, the
Davison Parties shall bear their own costs and shall reimburse the Genesis
Parties for their costs incurred in connection with the preparation, execution
and performance of the Transaction Agreements, and (ii) the Davison Parties
shall RELEASE, INDEMNIFY AND HOLD HARMLESS the Genesis Parties, and each of
their respective directors, officers, partners, members, employees, agents,
successors and assigns for any Adverse Consequences actually suffered by such
Person (including, to the extent applicable, any amounts paid by the Genesis
Parties to the Sellers under the Transaction Agreements as a result of such
Transaction Failure) resulting from such failure by the Davison Parties to
perform their obligations under this Agreement or from any inaccuracy, violation
or breach of any of the representations, warranties, covenants or agreements of
the Davison Parties contained in this Agreement.

      

      NO PARTY
HERETO (OR ITS AFFILIATES) SHALL HAVE THE RIGHT TO INDEMNIFICATION HEREUNDER FOR
ANY CONSEQUENTIAL, EXEMPLARY, SPECIAL, INCIDENTAL, SPECULATIVE, TREBLE OR
PUNITIVE DAMAGES (INCLUDING ANY LOSS OF EARNINGS OR PROFITS, LOSS OF REVENUE OR
INCOME, COST OF CAPITAL OR LOSS OF BUSINESS REPUTATION OR OPPORTUNITY) SUFFERED
BY SUCH PARTY UNLESS SUCH DAMAGES WERE INCURRED BY A THIRD PARTY AND ARE THE
SUBJECT OF A CLAIM FOR WHICH A PARTY HERETO MAY OTHERWISE BE INDEMNIFIED
PURSUANT HERETO.

      

      Section
5.3           Financing
and Potential Acquisitions.

      

      (a)           Each
of the Parties agrees that at or after the Closing, the Parties will use their
commercially reasonable efforts to agree upon terms under which DG JV and
Genesis Marine would enter into the Genesis Credit
Facility.  Under the Genesis Credit Facility, Genesis
Marine would have the option (but not the obligation) to make (or not to make)
commitments thereunder from time to time on a financing-by-financing
basis.

      

      ARTICLE
VI.

      REPRESENTATIONS
AND WARRANTIES

      CONCERNING
THE TD MARINE

      

      TD Marine
hereby represents and warrants to each of Parent and Genesis Marine that the
following statements contained in this Article VI are true
and correct.

      

      Section
6.1           Organization
and Good Standing.  TD Marine is duly organized, validly
existing and in good standing under the Laws of the State of
Delaware.  TD Marine is duly qualified and in good standing under the
Laws of each other jurisdiction that requires qualification.  TD
Marine has full power and authority to carry on the business in which it is
engaged, and to own and use the properties owned and used by it.  TD
Marine has delivered to Parent and Genesis Marine correct and complete copies of
TD Marine's Organizational Documents, as amended to date.  TD Marine
is not in breach of any provision of its Organizational
Documents.  There are no proposed, pending or, to TD Marine's
Knowledge, threatened action (or, to TD Marine's Knowledge, basis therefor) the
dissolution, liquidation, insolvency or rehabilitation of TD
Marine.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      Section
6.2           Authorization
of Transaction.  This Agreement constitutes and, when executed,
the LLC Agreements and each other Transaction Agreement to which any Davison
Party is a party will constitute, the valid and legally binding obligation of
such Davison Party, enforceable against such Person in accordance with its terms
and conditions, subject, however, to the effects of bankruptcy, insolvency,
reorganization, moratorium or similar Laws affecting creditors' rights generally
and to general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).  TD Marine has
received all approvals required under applicable law from its stockholders,
partners or members, as the case may be, of the execution and delivery of this
Agreement and the consummation of the transactions contemplated
hereby.  No Davison Party needs to give any notice to, make any filing
with or obtain any authorization, consent or approval of any Governmental
Authority or any other Person to consummate the transactions contemplated by the
Transaction Agreements (except to the extent disclosed in the Contribution
Agreement) to which any Davison Party is a party.

      

      Section
6.3           Noncontravention.  Neither
the execution and delivery of this Agreement, the LLC Agreements or any
Transaction Agreement to which any Davison Party is a party, nor the
consummation of any of the transactions contemplated hereby or thereby, shall,
(A) violate any statute, regulation, rule, injunction, judgment, order, decree,
ruling, charge or other restriction of any Governmental Authority to which any
Davison Party is subject or (B) conflict with, result in a breach of, constitute
a default under, result in the acceleration of, create in any Person the right
to accelerate, terminate, modify or cancel or require any notice, payment or
lien under any agreement, contract, lease, license, instrument or other
arrangement to which any Davison Party is a party, or by which any Davison Party
is bound or to which any of its assets are subject, except where the violation,
conflict, breach, default, acceleration, termination, modification,
cancellation, failure to give notice, right to payment or other compensation or
encumbrance would not, individually or in the aggregate, delay or materially
affect the ability of any Davison Party to consummate the transactions
contemplated by such Transaction Agreement, the LLC Agreements or this
Agreement.

      

      ARTICLE
VII.

      REPRESENTATIONS
AND WARRANTIES

      CONCERNING
THE GENESIS PARTIES

      

      Each of
Parent and Genesis Marine represents and warrants to each Davison Party that the
following statements contained in this Article VII are true
and correct.

      

      Section
7.1           
Organization
and Good Standing.  Each of the Genesis Parties is duly
organized, validly existing and in good standing under the Laws of the State of
Delaware and is duly qualified and in good standing under the Laws of each other
jurisdiction that requires qualification.  Each of the Genesis Parties
has full power and authority to carry on the business in which it is engaged,
and to own and use the properties owned and used by it.  Each of the
Genesis Parties has delivered to TD Marine correct and complete copies of each
of the Genesis Parties' Organizational Documents, as amended to
date.  None of the Genesis Parties are in breach of any provision of
its Organizational Documents. There is no proposed, pending or, to the Genesis
Parties' Knowledge, threatened action (or, to the Genesis Parties' Knowledge,
basis therefor) the dissolution, liquidation, insolvency or rehabilitation of
any Genesis Party.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      Section
7.2           Authorization
of Transaction. This Agreement constitutes, and when executed, the LLC
Agreements and each other Transaction Agreement to which any Genesis Party is a
party will constitute, the valid and legally binding obligation of such Genesis
Party, enforceable against such Person in accordance with its terms and
conditions, subject, however, to the effects of bankruptcy, insolvency,
reorganization, moratorium or similar Laws affecting creditors' rights generally
and to general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).  Each of the
Genesis Parties has received all approvals required under applicable law from
its stockholders, board, partners or members, as the case may be, of the
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby.  None of the Genesis Parties needs
to give any notice to, make any filing with or obtain any authorization, consent
or approval of any Governmental Authority or any other Person to consummate the
transactions contemplated by the Transaction Agreements (except to the extent
disclosed in the Contribution Agreement) to which any Genesis Party is a
party.

      

      Section
7.3           Noncontravention.  Neither
the execution and delivery of this Agreement, the LLC Agreements or any
Transaction Agreement to which either of the Genesis Parties is a party, nor the
consummation of any of the transactions contemplated hereby or thereby, shall,
(A) violate any statute, regulation, rule, injunction, judgment, order, decree,
ruling, charge or other restriction of any Governmental Authority to which any
Genesis Party are subject or (B) conflict with, result in a breach of,
constitute a default under, result in the acceleration of, create in any Person
the right to accelerate, terminate, modify or cancel or require any notice,
payment or lien under any agreement, contract, lease, license, instrument or
other arrangement to which any Genesis Party is a party, or by which any Genesis
Party is bound or to which any of their assets are subject, except where the
violation, conflict, breach, default, acceleration, termination, modification,
cancellation, failure to give notice, right to payment or other compensation or
encumbrance would not, individually or in the aggregate, delay or materially
affect the ability of any Genesis Party to consummate the transactions
contemplated by such Transaction Agreement, the LLC Agreements or this
Agreement.

      

      ARTICLE
VIII.

      MISCELLANEOUS

      

      Section
8.1           No Third
Party Beneficiaries.  Any agreement herein contained, expressed
or implied, is only for the benefit of the Parties and their respective legal
representatives, successors, and assigns, and such agreements will not inure to
the benefit of any other Person whomsoever, it being the intention of the
Parties hereto that no Person will be deemed a third party beneficiary of this
Agreement.

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      Section
8.2           Successors.  All
of the terms, agreements, covenants, representations, warranties, and conditions
of this Agreement are binding upon, and inure to the benefit of and are
enforceable by, the Parties and their respective successors.

      

      Section
8.3           Counterparts.  This
Agreement may be executed in two or more counterparts, each of which will be
deemed an original but all of which together will constitute one and the same
instrument.

      

      Section
8.4           Remedies.  Except
as expressly provided herein, the rights, obligations and remedies created by
this Agreement are cumulative and in addition to any other rights, obligations
or remedies otherwise available at law or in equity.  Except as
expressly provided herein, nothing herein will be considered an election of
remedies.

      

      Section
8.5           Headings.  The
article and Section headings contained in this Agreement are inserted for
convenience only and will not affect in any way the meaning or interpretation of
this Agreement.

      

      Section
8.6           Notices.  All
notices, requests, demands, claims and other communications hereunder shall be
in writing. Any notice, request, demand, claim or other communication hereunder
shall be deemed duly given if (and then three Business Days after) it is sent by
registered or certified mail, return receipt requested, postage prepaid and
addressed to the intended recipient as set forth below:

      

      
        	
                 
      

              	
                If to a Davison
      Party:

              	
                TD
      Marine, LLC

              

      

      207 W.
Alabama

      Ruston,
LA 71270

      
        	
                 
      

              	
                Telephone:

              	
                (318)
      255-2511

              

      

      
        	
                 
      

              	
                Fax:

              	
                (318)
      255-2659

              

      

      

      
        	
                 
      

              	
                If to a Genesis
      Party:

              	
                Genesis
      Marine Investments, LLC

              

      

      500
Dallas, Suite 2500

      Houston,
TX 77002

      
        	
                 
      

              	
                Telephone:

              	
                (713)
      860-2500

              

      

      
        	
                 
      

              	
                Fax:

              	
                (713)
      860-2647

              

      

      

      (with a
copy, which shall not constitute notice, to:)

      

      Akin Gump
Strauss Hauer & Feld LLP

      Attn: J.
Vincent Kendrick

      1111
Louisiana, Suite 4400

      Houston,
Texas 77002

      
        
          
            
              	
                      
                      

                    	
                      Telephone:

                    	
                      (713)
      220-5839

                    

            

          

        

      

      
        	
                 
      

              	
                Fax:

              	
                (713)
      236-0822

              

      

       

      Any Party
may send any notice, request, demand, claim or other communication hereunder to
the intended recipient at the addresses set forth above using any other means
(including personal delivery, expedited courier, messenger service, telecopy,
telex, ordinary mail or electronic mail), but no such notice, request, demand,
claim or other communication will be deemed to have been duly given unless and
until it actually is received by the intended recipient.  Any Party
may change the address to which notices, requests, demands, claims and other
communications hereunder are to be delivered by giving the other Parties notice
in the manner herein set forth.

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      Section
8.7           Governing
Law; Venue; Service of Process; Waiver of Jury Trial.

      

      THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF TEXAS WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION
OR RULE (WHETHER OF THE STATE OF TEXAS OR ANY OTHER JURISDICTION) THAT WOULD
CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF
TEXAS, PROVIDED, HOWEVER, THAT ALL REAL PROPERTY MATTERS SHALL BE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE IN
WHICH SUCH PROPERTY IS LOCATED.

      

      (a)           EACH
PARTY SUBMITS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN
HOUSTON, TEXAS, IN ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT AND
AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION MAY BE HEARD AND DETERMINED IN
ANY SUCH COURT.  EACH PARTY ALSO AGREES NOT TO BRING ANY ACTION
ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY OTHER
COURT.  NOTHING IN THIS Section 8.7 WILL
AFFECT THE RIGHT OF ANY PARTY TO BRING ANY ACTION ARISING OUT OF OR RELATING TO
THIS AGREEMENT IN ANY OTHER COURT.  EACH PARTY AGREES THAT A FINAL
JUDGMENT IN ANY ACTION SO BROUGHT WILL BE CONCLUSIVE AND MAY BE ENFORCED BY
ACTION ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED AT LAW OR IN EQUITY. EACH
PARTY WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION
SO BROUGHT AND WAIVES ANY BOND, SURETY, OR OTHER SECURITY THAT MIGHT BE REQUIRED
OF ANY OTHER PARTY WITH RESPECT THERETO.

      

      (b)           EACH
PARTY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE
AFOREMENTIONED COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING BY THE MAILING OF
COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY
AT THE ADDRESS OF SUCH PARTY SET FORTH IN OR DESIGNATED PURSUANT TO SECTION
12(M) OR BY ANY OTHER MEANS PERMITTED BY THE LAWS OF THE STATE OF
TEXAS.

      

      (c)           THE
PARTIES EACH HEREBY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO JURY TRIAL OF ANY
DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS
RELATING HERETO. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF
ANY AND ALL ACTION THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT
MATTER OF THIS AGREEMENT, INCLUDING, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF
DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THE PARTIES EACH
ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS
RELATIONSHIP AND THAT THEY WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED
FUTURE DEALINGS. EACH PARTY FURTHER REPRESENTS AND WARRANTS THAT IT HAS REVIEWED
THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY
WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL
APPLY TO ANY AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. IN THE EVENT
OF AN ACTION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO TRIAL BY A
COURT.

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      Section
8.8           Amendments
and Waivers.  No amendment of any provision of this Agreement
shall be valid unless the same shall be in writing and signed by each
Party.  A waiver or consent, express or implied, to or of any breach
or default by any Person in the performance by that Person of its obligations is
not a consent or waiver to or of any other breach or default in the performance
by that Person of the same.  Failure on the part of a Person to
complain of any act of any other Person, irrespective of how long that failure
continues, does not constitute a waiver by that Person of its rights with
respect to that default until the applicable statute-of-limitations period has
run.

      

      Section
8.9           Severability.  Any
term or provision of this Agreement that is invalid or unenforceable in any
situation in any jurisdiction shall not affect the validity or enforceability of
the remaining terms and provisions hereof or the validity or enforceability of
the offending term or provision in any other situation or in any other
jurisdiction.

      

      Section
8.10         Construction.  The
Parties have participated jointly in the negotiation and drafting of this
Agreement.  In the event an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly
by the Parties and no presumption or burden of proof shall arise favoring or
disfavoring any Party by virtue of the authorship of any of the provisions of
this Agreement.  Any reference to any federal, state, local, or
foreign statute or Law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context requires
otherwise.  The word "including" shall mean including without
limitation. All personal pronouns used in this Agreement, whether used in the
masculine, feminine or neuter gender, shall include all other genders; the
singular shall include the plural, and vice versa. All references herein to
Exhibits, Schedules, Articles, Sections or subdivisions thereof shall refer to
the corresponding Exhibits, Schedules, Article, Section or subdivision thereof
of this Agreement unless specific reference is made to such exhibits, articles,
sections or subdivisions of another document or instrument. The terms "herein,"
"hereby," "hereunder," "hereof," "hereinafter," and other equivalent words refer
to this Agreement in its entirety and not solely to the particular portion of
the Agreement in which such word is used.  The words "shall" and
"will" are used interchangeably throughout this Agreement and shall accordingly
be given the same means, regardless of which word is used.  Except to
the extent expressly provided to the contrary, references to a Party include its
permitted successors and assigns.  Each certificate delivered pursuant
to this Agreement shall be deemed a part hereof, and any representation,
warranty or covenant herein referenced or affirmed in such certificate shall be
treated as a representation, warranty or covenant given in the correlated
Section hereof on the date of such certificate.  Additionally, any
representation, warranty or covenant made in any such certificate shall be
deemed to be made herein.  Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in
accordance with GAAP, as in effect from time to time.

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      Section
8.11       Entire
Agreement. THIS AGREEMENT (INCLUDING THE DOCUMENTS REFERRED TO HEREIN)
CONSTITUTES THE ENTIRE AGREEMENT AND UNDERSTANDING OF THE PARTIES IN RESPECT OF
ITS SUBJECT MATTER AND SUPERSEDES ALL PRIOR UNDERSTANDINGS, AGREEMENTS, OR
REPRESENTATIONS BY OR AMONG THE PARTIES, WRITTEN OR ORAL.

      

      Section
8.12         Specific
Performance.  Each Party acknowledges and agrees that the other
Parties would be damaged irreparably if any provision of this Agreement is not
performed in accordance with its specific terms or is otherwise
breached.  Accordingly, each Party agrees that the other Parties will
be entitled to an injunction or injunctions to prevent breaches of the
provisions of this Agreement and to enforce specifically this Agreement and its
terms and provisions in any action instituted in any court of the United States
or any state thereof having jurisdiction over the Parties and the matter, in
addition to any other remedy to which they may be entitled, at Law or in
equity.

      

      Section
8.13         Non-Recourse
to General Partner.  Neither Parent's general partner nor any
other owner of equity interests in the Genesis Parties shall be liable for the
obligations of the Genesis Parties under this Agreement or any of the
Transaction Agreements, including, in each case, by reason of any payment
obligation imposed by governing state partnership statutes.

      

      Section
8.14         Joint and
Several Obligations.  Notwithstanding anything to the contrary
in this Agreement, the covenants, agreements and obligations of, and the
representations made by or attributable to each Davison Party or Genesis Party
pursuant to this Agreement, including obligations to make indemnity payments,
will be deemed to be made by and attributable to all Davison Parties or Genesis
Parties, as the case may be, jointly and severally, and any Genesis Party or
Davison Party, as the case may be, will have the right to pursue remedies
against such Persons without any obligation to give notice to or pursue remedies
against any other Person; provided, however, that James
Davison's, Steve Davison's and Todd Davison's aggregate obligations under this
Agreement shall not exceed $25,500,000.

      

      

      [Signature
Pages Follow]

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed in
counterparts.

       

      
        	 
      	
                Genesis
      Energy, L.P.

              
	 
      	 
      
	 
      	
                By:

              	
                Genesis
      Energy, Inc., its sole general partner

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/
      Grant E. Sims

              
	 
      	
                Name:

              	
                Grant
      E. Sims

              
	 
      	
                Title:

              	
                Chief
      Executive Officer

              
	 
      	 
      
	 
      	 
      
	 
      	
                Genesis
      Marine Investments, LLC

              
	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/  Ross
      A. Benavides

              
	 
      	
                Name:

              	
                Ross
      A. Benavides

              
	 
      	
                Title:

              	
                Chief
      Financial Officer

              
	 
      	 
      
	 
      	 
      
	 
      	
                TD
      Marine, LLC

              
	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/  Todd
      A. Davison

              
	 
      	
                Name:

              	
                Todd
      A. Davison

              
	 
      	
                Title:

              	
                Chief
      Executive Officer

              
	 
      	 
      
	 
      	 
      
	 
      	
                James
      E. Davison

              
	 
      	 
      
	 
      	
                /s/
      James E. Davison

              
	 
      	 
      
	 
      	 
      
	 
      	
                Steven
      K. Davison

              
	 
      	 
      	 
      
	 
      	
                /s/
      Steven K. Davison

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                Todd
      A. Davison

              
	 
      	 
      
	 
      	
                /s/
      Todd A. Davison

              

      

       

       

      [Signature
Page to Omnibus Agreement]Unassociated Document

    
      

    

    Exhibit
10.3

     

    EXECUTION COPY

     

    
      FIRST
AMENDMENT

      

      TO

      FIRST
AMENDED AND RESTATED CREDIT AGREEMENT

      

      dated
as of

       

      July
18, 2008

       

      among

      

      GENESIS
CRUDE OIL, L.P.,

      as
the Borrower,

      

      GENESIS
ENERGY, L.P.,

      as
the Parent,

      

      and

      

      the
Lenders Party Hereto

      

      
        
          

        

      

       

      FORTIS
CAPITAL CORP.,

      as
Administrative Agent,

      

      DEUTSCHE
BANK SECURITIES INC.,

      as
Syndication Agent,

      

      and

       

      
        BANK
OF AMERICA, N.A.,

        U.S.
BANK NATIONAL ASSOCIATION,

        WACHOVIA
BANK, NATIONAL ASSOCIATION,

        BMO
CAPITAL MARKETS FINANCING, INC.,

        ROYAL
BANK OF CANADA, and

        SUNTRUST
BANK,

        as
Co-Documentation Agents

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      FIRST
AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT

      

      THIS FIRST AMENDMENT TO FIRST AMENDED AND
RESTATED CREDIT AGREEMENT (this “First Amendment”) dated as of
July 18, 2008, is by and among GENESIS CRUDE OIL, L.P., a
Delaware limited partnership (the “Borrower”), GENESIS ENERGY, L.P., a
Delaware limited partnership (the “Parent”), FORTIS CAPITAL CORP., as
administrative agent (in such capacity, together with its successors in such
capacity, the “Administrative
Agent”) for the lenders party to the Credit Agreement referred to below
(collectively, the “Lenders”), and the undersigned
Lenders.

      

      R E C I T A L
S

      

      A.            The
Borrower, the Parent, the Lenders, the Administrative Agent and the other agents
referred to therein are parties to that certain First Amended and Restated
Credit Agreement dated as of May 30, 2008 (as amended, supplemented or otherwise
modified from time to time prior to the date hereof, the “Credit Agreement”), pursuant
to which the lenders party thereto have made certain Loans and provided certain
Commitments (subject to the terms and conditions thereof) to the
Borrower.

      

      B.          
  In connection with the Grifco Transaction (as defined below), the
Parent has entered into the Grifco Contribution and Sale Agreement (as defined
below) pursuant to which it will invest in the Grifco Joint Ventures (as defined
below) and consummate the other transactions therein described.

      

      C.         
   The Parent and the Borrower wish, and the Lenders signatory
hereto and the Administrative Agent are willing, to amend the Credit Agreement
in connection therewith.

      

      NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein
contained, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:

      

      Section
1.             
 Defined
Terms.  Each capitalized term used herein but not otherwise
defined herein has the meaning given such term in the Credit
Agreement.  Unless otherwise indicated, all article, schedule, exhibit
and section references in this First Amendment refer to articles and sections of
the Credit Agreement.

      

      As used
in this First Amendment, the following term has the meaning specified
below:

      

      “First Amendment Effective
Date” has the meaning assigned to such term in Section 3
hereof.

      

      Section
2.             
 Amendments to
Credit Agreement.

      

      2.1           Amendments to Section 1.01
(Defined Terms).

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      (a)         
  The definition of “Agreement” is hereby amended
and restated in its entirety to read as follows:

      

      “Agreement” means the Existing
Credit Agreement, as amended and restated by this First Amended and Restated
Credit Agreement, as further amended by the First Amendment, as the same may
from time to time be amended, modified, restated, or replaced from time to time,
and any annexes, exhibits and schedules to any of the foregoing.

      

      (b)     
      The definition of “Consolidated EBITDA” is hereby
amended as follows:

      

      (i) by
adding the words “(including impairment of assets, as contemplated in the
Statement of Financial Accounting Standards No. 144, “Accounting for the
Impairment or Disposal of Long-Lived Assets”),” at the end of clause
(iii);

      

      (ii) by
amending and restating clause (iv) as follows:

      

      “any
deferred or non-cash equity compensation or stock option or similar compensation
expense, including all expense recorded for the Parent’s equity appreciation
rights plan in excess of cash payments for exercised rights; provided, however,
that actual cash payments made with respect to such deferred compensation shall
reduce Consolidated EBITDA in the period in which such payment is
made,”;

      

      (iii) by
adding a new clause (v) as follows:

      

      “solely
for the fourth quarter of 2007, $2,100,000 in compensation/severance expenses
relating to a one-time payment to a former employee in connection with his
severance,” and

      

      
        (iv) by
renumbering the existing clauses (v) and (vi) as clauses (vi) and (vii),
respectively.

      

      

      (c)        
   The name of each of the defined terms “First Amendment”, “First Amendment Foreign
Subsidiaries” and “First
Amendment Unrestricted Subsidiaries” is hereby replaced with
the name “Existing Agreement
First Amendment”, “Existing Agreement First Amendment
Foreign Subsidiaries” and “Existing Agreement First Amendment
Unrestricted Subsidiaries”, respectively, and in each occurrence of such
defined term in the Agreement, and each such defined term shall be placed in
correct alphabetical order.  Other than such modification of the name
of each such defined term, each such defined term shall remain
unchanged.

      

      (d)       
    The definition of “Non-Recourse Obligations” is
hereby amended by adding the words “and 5.10(c)(iii)(x)” after both occurrences
of the words “Section 6.01(h)”.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (e)      
     The definition of “Permitted Joint Venture” is
hereby amended by deleting the period at the end and adding the words “; provided, however, that the
Grifco Joint Ventures shall be deemed to be Permitted Joint Ventures upon
delivery of the certification required by clause (f)(ii) above on behalf of each
such Joint Venture.  Regardless of whether the financial statements of
any Grifco Joint Venture shall be required, in accordance with GAAP, to be
consolidated with those of the Parent, such Grifco Joint Venture shall not
constitute a “subsidiary” for purposes of this Agreement until such time as such
Grifco Joint Venture meets the requirements of clause (a) of the definition
thereof, at which time such Grifco Joint Venture shall become an “Unrestricted
Subsidiary” for all purposes under this Agreement.”

      

      (f)       
     The following definitions are hereby added to
Section 1.01 of the Credit Agreement where alphabetically
appropriate:

      

      “Davison Unit Repurchase” means
the repurchase on the date hereof by the Parent of 837,690 common units of the
Parent for $16,666,667 from one or more Persons party to the Davison
Contribution and Sale Agreement (or such Person’s subsequent
transferees).

      

      “DG JV” means DG JV, LLC, a
Delaware limited liability company.

      

      “DG Marine Holdings” means DG
Marine Holdings, LLC, a Delaware limited liability company.

      

      “DG Marine Transportation”
means DG Marine Transportation, LLC, a Delaware limited liability
company.

      

      “DG Marine Transportation Employee
Benefit Arrangements” means the participation by employees of DG Marine
Transportation in the health, welfare and 401(k) plans of Parent and the General
Partner, and DG Marine Transportation’s reimbursement to Parent and/or the
General Partner in respect of additional costs incurred thereby related to such
participation in accordance with Section 5.16(a).

      

      “DG Marine Transportation Subordinated
Debt” means the debt issued pursuant to that certain senior subordinated
credit agreement, dated as of the date hereof, between DG Marine Transportation,
as Borrower, and Genesis Marine, as Lender having the terms set forth in Exhibit A to the
First Amendment, with other terms not set forth in Exhibit A being
satisfactory to the Arrangers.

      

      “First Amendment” means the
First Amendment to First Amended and Restated Credit Agreement, dated as of July
18, 2008, among the Borrower, the Parent, the Administrative Agent, the Lenders
party thereto, and the other agents and parties thereto.

      

      “First Amendment Effective
Date” has the meaning assigned to such term in the First
Amendment.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      “Genesis Marine” means Genesis
Marine Investments, LLC, a Delaware limited liability company.

      

      “Grifco Agreements” means the
Grifco Contribution and Sale Agreement and the Grifco Omnibus
Agreement.

      

      “Grifco Agreement Contribution”
means the contribution and assignment by each of Parent and Genesis Marine of
certain of their rights and obligations under the Grifco Agreements to DG Marine
Transportation.

      

      “Grifco Contribution and Sale
Agreement” means the Contribution and Sale Agreement, dated June 11,
2008, by and among Grifco Transportation, Ltd., Grifco Transportation and Shore
Thing, Ltd., as Sellers, Genesis Marine, as Investor, Parent and TD
Marine.

      

      “Grifco Parent Guaranty” means
the Guaranty by Parent of Genesis Marine’s obligations under the Grifco
Contribution and Sale Agreement.

      

      “Grifco Joint Ventures” means
DG JV, DG Marine Holdings, DG Marine Transportation and Grifco Transportation
and their subsidiaries.

      

      “Grifco Joint Ventures Administrative
Arrangements” means the provision by Parent and its Affiliates of certain
administrative-type services and other arrangements to the Grifco Joint
Ventures, including employee benefit arrangements, administrative relationships
and performance guarantees, the value of which does not exceed $3,000,000, for
which Parent and the applicable Affiliate of Parent are reimbursed by the
applicable Grifco Joint Venture for costs incurred by Parent or such Affiliate
of Parent related to the provision of such services in accordance with Section
5.16(b).

      

      “Grifco Omnibus Agreement”
means the Omnibus Agreement, dated June 11, 2008, by and among TD Marine, James
E. Davison, Steven K. Davison, and Todd A. Davison, as the Davison Parties, and
Parent and Genesis Marine, as the Genesis Parties.

      

      “Grifco Transaction” means the
transaction contemplated by the Grifco Contribution and Sale Agreement,
including the acquisition of the Grifco inland marine transportation business,
as more fully described in the Grifco Contribution and Sale
Agreement.

      

      “Grifco Transportation” means
Grifco Transportation Two Ltd., a Texas limited partnership.

      

      “TD Marine” means TD Marine,
LLC, a Delaware limited liability company.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      2.2           Amendment to Section 2.09
(Termination and Reduction of Committed Amounts).  Section 2.09
is hereby amended by replacing the last sentence of subsection (c) thereof with
“Any termination of the aggregate Committed Amounts, or reduction of any portion
thereof, including pursuant to Section 2.11(d), shall be
permanent.”

      

      2.3           Amendment to Section 2.11
(Prepayment of Loans).  Section 2.11 is hereby amended by
adding a new subsection (d) thereto which reads as follows: “(d) If, at any
time, the Borrower or Finance Co is required to make a prepayment of any
unsecured Indebtedness permitted by Section 6.01(j) required as the result of a
“change of control”, the Committed Amounts shall be permanently reduced by the
amount of such prepayment that would otherwise be required to be made pursuant
to the terms of such unsecured Indebtedness.  If such reduction in the
Committed Amounts results in the total Revolving Credit Exposure outstanding at
such time exceeding the Available Amount, then the Borrower shall prepay the
Loans to the extent of such excess on the date such excess first occurs and, if
such prepayment does not result in such excess being $0 because of outstanding
Letters of Credit, then the Borrower shall cash collateralize such Letters of
Credit pursuant to Section 2.06(j) to the extent of such remaining
excess.  Each such reduction and prepayment shall be applied ratably
to the Committed Amount and Loans of each Lender.  Each such
prepayment shall be accompanied by accrued interest to the extent required by
Section 2.13 and any break funding payments required by Section
2.16(a).”

      

      2.4           Addition of New Section
5.16.  A new Section 5.16 is hereby added as follows: “It will
cause (a) DG Marine Transportation to reimburse Parent and/or the General
Partner, as applicable, for costs incurred by Parent and/or the General Partner
in connection with the DG Marine Transportation Employee Benefit Arrangements
and (b) the applicable Grifco Joint Venture to reimburse Parent and/or the
applicable Affiliate of Parent, as applicable, for costs incurred by Parent
and/or such Affiliate of Parent in connection with the Grifco Joint Ventures
Administrative Arrangements.”

      

      2.5           Amendment to Section 6.01(e)
(Indebtedness).  Section 6.01(e) is hereby amended and restated
in its entirety as follows: “(e) Guarantees by any Borrower Party of (i) up to
an aggregate of $7,500,000 of Indebtedness of the Sandhill Joint Venture
outstanding at any time, (ii) up to an additional aggregate $10,000,000 of
Indebtedness of one or more Joint Ventures, including the Sandhill Joint
Venture, outstanding at any time, and (iii) certain obligations of each of
Parent and Genesis Marine under the Grifco Contribution and Sale Agreement after
the Grifco Agreement Contribution;”

      

      2.6           Amendment to Section 6.01(j)
(Indebtedness).  Section 6.01(j) is hereby amended and restated
in its entirety as follows: “(j) other unsecured Indebtedness; provided that (i)
such Indebtedness shall (A) not mature earlier than six (6) months after the
Maturity Date, (B) have no financial maintenance covenants that are more
restrictive than those in this Agreement, (C) have no other covenants or events
of default that are more restrictive than those in this Agreement and (D) have
no prepayment provisions other than prepayments required as a result of a
“change of control” and which are subordinated to the prepayment of the Loans
(with the Arrangers being satisfied with such subordination); and (ii) no
Default or Event of Default exists or would exist immediately after the issuance
of such Indebtedness.”

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      2.7           Amendment to Section 6.02
(Liens).  Section 6.02 is hereby amended by replacing “Section
5.10(c)(x)” in clause (g) with “Section 5.10(c)(iii).

      

      2.8           Amendment to Section 6.04
(Investments, Loans, Advances, and Guarantees).  Section 6.04
is hereby amended by (i) replacing the word “and” at the end of clause (d)(i)
with a comma, (ii) replacing the semi-colon at the end of clause (d)(ii) with a
comma and the word “and”, (iii) adding a new clause (d)(iii) that reads “Genesis
Marine under the Grifco Contribution and Sale Agreement or the Grifco Joint
Ventures Administrative Arrangements.”, (iv) deleting the word “and” at the end
of clause (j), (v) deleting the period and adding a semi-colon and the word
“and” at the end of clause (k), (vi) adding a new clause (l) that reads “the
Grifco Agreement Contribution; and”, and (vii) adding a new clause (m) that
reads “Investments in the Grifco Joint Ventures in an amount not to exceed
$60,000,000 at any one time outstanding (which amount shall include any
consideration paid for the initial investment in the Grifco Joint Ventures) in
the form of capital contributions or other equity investments, the DG Marine
Transportation Subordinated Debt, or a combination of both capital contributions
or other equity investments and the DG Marine Transportation Subordinated Debt;
provided, however, that the
initial $24,500,000 of such Investments shall be in the form of capital
contributions or other equity investments.”.

      

      2.9           Amendment to Section 6.06
(Sale of Assets).  Section 6.06 is hereby amended by (i)
deleting “and” at the end of clause (g), (ii) deleting the period and adding “;
and” at the end of clause (h), (iii) adding a new clause (i) that reads “the
Grifco Agreement Contribution; and”, and (iv) adding a new clause (j) that reads
“the disposition of the Borrower’s refinery service assets at the CITGO Refinery
in Corpus Christi, Texas in consideration for CITGO renewing its refinery
services contract with a Subsidiary of the Borrower for ten (10)
years.”

      

      2.10         Amendment to Section 6.08
(Restricted Payments).  Section 6.08 is hereby amended and
restated in its entirety as follows:

      

      “It will
not, and will not permit any of its Restricted Subsidiaries to, declare or make,
or agree to pay or make, directly or indirectly, any Restricted Payment, except
(a) any Restricted Subsidiary of the Borrower may declare and make Restricted
Payments to the Borrower and its Restricted Subsidiaries, and NEJD SPE 1 may
declare and make Restricted Payments to the Parent, (b) the Borrower may make
Restricted Payments to holders of its Equity Interests and the Parent may make
Restricted Payments to the owners of its Equity Interests once per fiscal
quarter, in each case set forth in this clause (b), to the extent of the amount
of Distributable Cash for such quarter, and (c) the Borrower may make the
Davison Unit Repurchase; provided, with
respect to clauses (a), (b) and (c) above, that no Default has occurred and is
continuing or would result therefrom.”

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      2.11         Amendment to Section 6.09
(Transactions with Affiliates).  Section 6.09 is hereby amended
by deleting the period at the end of such section and replacing it with the
words “; provided, however, that each of
(i) the DG Marine Transportation Employee Benefit Arrangements, (ii) the Grifco
Agreement Contribution, (iii) the Davison Unit Repurchase, (iv) the Investments
in the Grifco Joint Ventures as permitted and limited by Section 6.04(m)
(including the DG Marine Transportation Subordinated Debt), and (v) the Grifco
Joint Ventures Administrative Arrangements shall each be permitted transactions
under this Section 6.09 notwithstanding the restrictions set forth
above.

      

      2.12         Amendment to Section 6.11
(Limitation on Modifications of Material Agreements).  Section
6.11 is hereby amended by replacing the last three lines thereof as
follows:

      

      “Documents
of NEJD SPE 2) to the extent that (i) amendments to Material Agreements
evidencing Indebtedness permitted by Section 6.01(j) or evidencing the DG Marine
Transportation Subordinated Debt do not materially adversely affect the rights
of the Administrative Agent or the Lenders and (ii) amendments to Material
Agreements other than those evidencing Indebtedness permitted by Section 6.01(j)
or evidencing the DG Marine Transportation Subordinated Debt do not materially
and adversely effect the Parent or other Borrower Parties.”

      

      2.13         Amendment to Section 6.12
(Creation of Subsidiaries).  Section 6.12 is hereby amended and
restated as follows:

      

      “(a)          It
will not, and will not permit any of its subsidiaries to, at any time create or
acquire any (i) Restricted Subsidiary unless (1) such Restricted Subsidiary is a
Wholly Owned Subsidiary of Borrower (or, in the case of Finance Co or NEJD SPE
1, a Wholly Owned Subsidiary of the Parent), (2) it has caused such Restricted
Subsidiary to comply with the requirements of Sections 5.10 and 5.11, and (3)
such creation or acquisition complies with Section 6.04; (ii) Unrestricted
Subsidiary or Joint Venture except as permitted pursuant to Section 6.04; or
(iii) any Foreign Subsidiary (other than the Existing Agreement First Amendment
Foreign Subsidiaries) without the prior written consent of the Required Lenders.
Notwithstanding the foregoing, it will not permit any Unrestricted Subsidiary to
own, directly or indirectly, any Equity Interests in any Restricted Subsidiary;
and

      

      (b)            It
will not permit any of its Joint Ventures to at any time create or acquire
any  Restricted Subsidiary, Unrestricted Subsidiary or Foreign
Subsidiary without the prior written consent of the Required
Lenders.”

      

      2.14         Amendment to Section 6.19
(Prepayments on Indebtedness).  Section 6.19 is hereby amended
and restated in its entirety as follows:

      

      “It will
not and will not permit any of its Restricted Subsidiaries to, directly or
indirectly make (or give any notice in respect of) any voluntary or optional
payment or prepayment on or redemption or acquisition for value of, any
prepayment or redemption as a result of any asset sale, change of control or
similar event of, any outstanding Indebtedness, except prepayments of (i) the
Secured Obligations, (ii) prepayments of immaterial Indebtedness in the ordinary
course of business, (iii) prepayments of the Indebtedness permitted by Section
6.01(j) required as the result of a “change of control”, provided that any such
prepayment is made in accordance with the terms of Section 2.11(d), or (iv) as
otherwise permitted by this Agreement.”

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      2.15         
Amendment to
Schedules.  Schedules 3.14 and 3.19(c) are hereby amended and
replaced in their entirety with Schedules 3.14 and 3.19(c) attached hereto, with
each such schedule giving effect to the consummation of the Grifco
Transaction.

      

      Section
3.      
         Conditions
Precedent.  This First Amendment shall not become effective
until the date (the “First
Amendment Effective Date”) on which each of the following conditions is
satisfied (or waived in accordance with Section 10.02 of the Credit
Agreement):

      

      (a)       
    The Administrative Agent shall have received a
certificate of an Authorized Officer of the Parent certifying:  (i)
that the Grifco Transaction will be consummated concurrently with the
effectiveness of this First Amendment and substantially in accordance with the
terms of the Grifco Agreements (with all of the material conditions precedent
thereto having been satisfied in all material respects by the parties thereto)
and in all material respects in accordance with all applicable Governmental
Requirements and (ii) that attached thereto are true and complete executed
copies of the Grifco Agreements.

      

      (b)        
   The Administrative Agent shall have received a certificate of
a Responsible Officer of the Parent satisfying the requirements of clause
(f)(ii) of the definition of “Permitted Joint Venture”.

      

      (c)          
 The Administrative Agent shall have received from the Lenders required by
the Credit Agreement, the Parent, and the Borrower, executed counterparts (in
such number as may be requested by the Administrative Agent) of this First
Amendment and all schedules, exhibits and annexes to the foregoing.

      

      (d)        
   The Administrative Agent, the Arrangers and the Lenders shall
have received all fees and other amounts due and payable on or prior to the
First Amendment Effective Date (including the amendment fee), including, to the
extent invoiced, reimbursement or payment of all out of pocket expenses required
to be reimbursed or paid by the Borrower hereunder.

      

      (e)        
   The Administrative Agent shall have received a favorable
written opinion (addressed to the Administrative Agent and the Lenders and dated
the First Amendment Effective Date) of Akin Gump Strauss Hauer & Feld LLP,
counsel for the Borrower Parties and the Grifco Joint Ventures, and covering
such other matters relating to the Borrower Parties, the Credit Agreement, the
First Amendment, or the other Loan Documents being executed in connection
therewith as the Required Lenders shall reasonably request.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      (f)           
 The organizational structure of the Parent and the Subsidiaries, both
before and after giving effect to the Grifco Transaction, shall be reasonably
satisfactory to the Administrative Agent.

      

      (g)        
   The Administrative Agent shall have received a certificate,
dated the First Amendment Effective Date and signed by the President, a Vice
President or a Financial Officer of the Borrower, certifying compliance with
Section 3.17 of the Credit Agreement as of the First Amendment Effective Date
after giving effect to the transactions contemplated by this First
Amendment.

      

      (h)        
   The Administrative Agent shall have received a certificate of
a Responsible Officer of the Borrower either (i) attaching copies of all
consents, licenses and approvals required in connection with the execution,
delivery and performance by and the validity against each Borrower Party of this
First Amendment and the Loan Documents being executed in connection therewith
and to which it is a party and such consents, licenses and approvals shall be in
full force and effect, or (ii) stating that no such consents, licenses or
approvals are so required.

      

      (i)      
      The Administrative Agent shall have received
a certificate of a Responsible Officer of the Borrower either (i) attaching
copies of all material consents, licenses and approvals required in connection
with the execution, delivery and performance by and the validity against each
Borrower Party of the Grifco Agreements and such consents, licenses and
approvals shall be in full force and effect, or (ii) stating that no such
consents, licenses or approvals are so required.

      

      (j)      
      The Administrative Agent shall have received
and be reasonably satisfied with copies of all Material Agreements related to
the Grifco Transaction that are in effect on the First Amendment Effective
Date.

      

      (k)       
    The Administrative Agent shall have received such other
documents as the Administrative Agent or special counsel to the Administrative
Agent may reasonably request.

      

      The
Administrative Agent shall notify the Borrower and the Lenders of the First
Amendment Effective Date, and such notice shall be conclusive and
binding.

      

      Without
limiting the generality of the provisions of Article IX of the Credit Agreement,
for purposes of determining compliance with the conditions specified in this
Section 3, each Lender that has signed this First Amendment shall be deemed to
have consented to, approved or accepted or to be satisfied with, each document
or other matter required thereunder to be consented to or approved by or
acceptable or satisfactory to the Administrative Agent, the Arrangers, the
Issuing Banks or the Lenders unless the Administrative Agent shall have received
notice from such Lender prior to the proposed First Amendment Effective Date
specifying its objection thereto.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      Section
4.           
    Miscellaneous.

      

      4.1         
  Confirmation.  The
provisions of the Loan Documents, as amended by this First Amendment, shall
remain in full force and effect in accordance with their terms following the
effectiveness of this First Amendment.

      

      4.2        
   Ratification and
Affirmation; Representations and Warranties.  Each Borrower
Party hereby (a) ratifies and affirms its obligations under, and acknowledges,
renews and extends its continued liability under, each Loan Document to which it
is a party and agrees that each Loan Document to which it is a party remains in
full force and effect, except as expressly amended hereby, notwithstanding the
amendments contained herein and (b) represents and warrants to the Lenders that
as of the date hereof, after giving effect to the terms of this First
Amendment:  (i) all of the representations and warranties contained in
each Loan Document to which it is a party are true and correct, except to the
extent any such representations and warranties are expressly limited to an
earlier date, in which case, such representations and warranties shall continue
to be true and correct as of such specified earlier date as supplemented or
subject to such qualifications as are set forth in the applicable Schedule(s) as
of the Effective Date (provided, that with
respect to the representations and warranties set forth in Section 3.14, 3.18(a)
and 3.20 that are expressly limited to the Effective Date, such representations
and warranties are true and correct as of the First Amendment Effective Date
without giving effect to such limitation as supplemented or subject to such
qualifications as are set forth in the applicable Schedule(s) as of the First
Amendment Effective Date) and (ii) no Default has occurred and is
continuing.

      

      4.3       
    Credit
Document.  This First Amendment and each agreement, instrument,
certificate or document executed by the Borrower Parties or any of their
respective officers in connection therewith are “Loan Documents” as defined and
described in the Credit Agreement and all of the terms and provisions of the
Loan Documents relating to other Loan Documents shall apply hereto and
thereto.

      

      4.4       
    Counterparts.  This
First Amendment may be executed by one or more of the parties hereto in any
number of separate counterparts, and all of such counterparts taken together
shall be deemed to constitute one and the same instrument.  Delivery
of this First Amendment by facsimile transmission shall be effective as delivery
of a manually executed counterpart hereof.

      

      4.5           NO ORAL
AGREEMENT.  THIS FIRST AMENDMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE
PARTIES.  THERE ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE
PARTIES.

      

      4.6      
     GOVERNING
LAW.  THIS FIRST AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE
VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      [SIGNATURES
BEGIN NEXT PAGE]

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly
executed as of the date first written above.

      

      
        	 
      	
                BORROWER:

              
	 
      	 
      	 
      	 
      
	 
      	
                GENESIS
      CRUDE OIL, L.P.

              
	 
      	 
      	 
      	 
      
	 
      	
                By:

              	
                GENESIS
      ENERGY, INC., its general partner

              
	 
      	 
      	 
      	 
      
	 
      	 
      	
                By:

              	
                /s/ Ross A. Benavides

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                Ross
      A. Benavides, Chief Financial Officer

              
	 
      	 
      	 
      	 
      
	 
      	
                PARENT:

              
	 
      	 
      	 
      	 
      
	 
      	
                GENESIS
      ENERGY, L.P.

              
	 
      	 
      	 
      	 
      
	 
      	
                By:

              	
                GENESIS
      ENERGY, INC., its general partner

              
	 
      	 
      	 
      	 
      
	 
      	 
      	
                By:

              	
                /s/ Ross A. Benavides

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                Ross
      A. Benavides, Chief Financial
Officer

              

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      ADMINISTRATIVE AGENT,
ARRANGER AND LENDER:

      

      
        	 
      	
                FORTIS
      CAPITAL CORP.

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ David Montgomery

              
	 
      	
                Name:

              	
                David Montgomery

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Illene Folwer

              
	 
      	
                Name:

              	
                Illene Fowler

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	
                ARRANGER:

              
	 
      	 
      	 
      
	 
      	
                DEUTSCHE
      BANK SECURITIES INC.

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ David E. Sisler

              
	 
      	
                Name:

              	
                David E. Sisler

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Robert M. Wood, Jr.

              
	 
      	
                Name:

              	
                Robert M. Wood, Jr.

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	
                LENDER:

              
	 
      	 
      	 
      
	 
      	
                DEUTSCHE
      BANK TRUST COMPANY

              
	 
      	
                AMERICAS

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Marcus M. Tarkington

              
	 
      	
                Name:

              	
                Marcus M. Tarkington

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Dusan Lazarov

              
	 
      	
                Name:

              	
                Dusan Lazarov

              
	 
      	
                Title:

              	
                Vice
President

              

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

       

      
        	 
      	
                BANK
      OF AMERICA, N.A.

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Stephen J. Hoffman

              
	 
      	
                Name:

              	
                Stephen J. Hoffman

              
	 
      	
                Title:

              	
                Managing Director

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                WACHOVIA
      BANK, NATIONAL

              
	 
      	
                ASSOCIATION

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Leanne S. Phillips

              
	 
      	
                Name:

              	
                Leanne S. Phillips

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                BMO
      CAPITAL MARKETS FINANCING, INC.

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ James V. Ducote

              
	 
      	
                Name:

              	
                James V. Ducote

              
	 
      	
                Title:

              	
                Director

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                GUARANTY
      BANK

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ W. David McCarver IV

              
	 
      	
                Name:

              	
                W. David McCarver IV

              
	 
      	
                Title:

              	
                Vice President

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                ROYAL
      BANK OF CANADA

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Jason S. York

              
	 
      	
                Name:

              	
                Jason S. York

              
	 
      	
                Title:

              	
                Authorized Signatory

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                SUNTRUST
      BANK

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ Carmen J. Malizia

              
	 
      	
                Name:

              	
                Carmen J. Malizia

              
	 
      	
                Title:

              	
                Vice
President

              

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

       

      
        	 
      	
                AMEGY
      BANK NATIONAL ASSOCIATION

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ W. Bryan Chapman

              
	 
      	
                Name:

              	
                W. Bryan Chapman

              
	 
      	
                Title:

              	
                Senior Vice President

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                STERLING
      BANK

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                By:

              	
                /s/ David W. Phillips

              
	 
      	
                Name:

              	
                David W. Phillips

              
	 
      	
                Title:

              	
                Senior Vice
  President

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