Document:

exv10w04

 

Exhibit 10.4

FIRST AMENDMENT

TO

PARTNERSHIP INTEREST PURCHASE AGREEMENT

     This First Amendment to Partnership Interest Purchase Agreement (this “First
Amendment”) is made and entered into to be effective as of
_________   __, 2006 (the “First
Amendment Date”), by and among Point Loma GenPar, Inc., a Nevada corporation
(“GenPar”); Point Loma Acquisition, Inc., a Nevada corporation (“Newco” and,
together with GenPar, each individually a “Buyer” and collectively the “Buyers”);
Surgical Ventures, Inc., a California corporation (the “Seller”); and David M. Kupfer,
M.D., an individual residing in and licensed to practice medicine in the State of California
(“Kupfer”).

     WHEREAS, the Buyers, the Seller and Kupfer entered into that certain Partnership Interest
Purchase Agreement, dated as of December 2, 2005 (as amended by this First Amendment, the
“Purchase Agreement”), pursuant to which the Seller agreed to sell, and the Buyers agreed
to purchase, certain equity interests in Point Loma Surgical Center, L.P., a California limited
partnership (the “Partnership”), on the terms and subject to the conditions set forth
therein;

     WHEREAS,
the Partnership engages in the business of operating the Elite
Surgical Center Del Mar located at 3434 Midway Drive, Suite 1006,
San Diego, CA 92110;

     WHEREAS, the Buyer, the Seller and Kupfer have determined that it is desirable and in the best
interests of the parties to make certain amendments to the Purchase Agreement as set forth in this
First Amendment, such that instead of the Seller selling to Newco, and Newco purchasing from the
Seller, the entire LP Interest at the Closing, the Seller will instead sell to Newco, and Newco
will purchase from the Seller, (a) at the Initial Closing (as defined below), a limited partnership
interest having a Percentage Interest of 19.99% (the “LP
Initial Interest”); and (b) at the Closing, a limited partnership interest having a Percentage Interest of
31.01% (the “LP Option Interest” and, together with the LP Initial Interest, the “LP
Interest,” and collectively with the LP Initial Interest and the GP Interest, the
“Purchased Interests”), on the terms and subject to the conditions set forth in the
Agreement, as amended by this First Amendment;

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual representations,
warranties, covenants and agreements set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

ARTICLE I

Amendments

     1. Defined Terms; References. All capitalized terms used but not otherwise defined in
this First Amendment have the meanings ascribed to such terms in the Purchase Agreement. Unless
otherwise specified, all article and section references in this First Amendment refer to articles
or sections of the Purchase Agreement.

 

 

     2. Title of Purchase Agreement. The Purchase Agreement and each of the other Seller
Documents and Buyer Documents, and any and all other agreements, documents or instruments now or
hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the
Purchase Agreement, as amended hereby (collectively, the “Purchase Documents”), are hereby
amended so that each reference to the Purchase Agreement therein means a reference to the Purchase
Agreement as amended by this First Amendment.

     3. Section 1.1, Purchase and Sale of the Purchased Interests. Section 1.1(b) of the
Purchase Agreement is hereby deleted and the following inserted in lieu thereof:

     “(b) Pursuant to the terms and subject to the conditions set forth herein, Newco hereby
agrees to purchase from the Seller, and the Seller hereby agrees to sell to Newco, the LP
Initial Interest, for the consideration set forth in Section 1.3(b).

     (c) Pursuant to the terms and subject to the conditions set forth herein, Newco hereby
agrees to purchase from the Seller, and the Seller hereby agrees to sell to Newco, the LP
Option Interest, for the consideration set forth in Section 1.3(c).”

     4. Section 1.2, Closing Date. Section 1.2 of the Purchase Agreement is hereby deleted
and the following inserted in lieu thereof:

     “1.2 Closing Dates.

     (a) The consummation of the sale and purchase of the LP Initial Interest (the
“Initial Closing”) will take place at the offices of Tri-Isthmus Group, Inc., a
Delaware corporation formerly known as Vsource, Inc. and indirect parent of the Buyers
(“TISG”), located at 7855 Ivanhoe Avenue, Suite 200, La Jolla, California 92037, at
11:00 a.m. local time on the First Amendment Date. The Initial Closing will be effective as
of 12:01 a.m. on the First Amendment Date.

     (b) The consummation of the sale and purchase of the GP Interest and the LP Option
Interest (the “Closing”) will take place at the offices of TISG at 11:00 a.m. local
time on such date, time and place as is mutually agreed among the parties or, if there is no
agreement among the parties as to another day, on the day that is two business days
following the date on which all conditions to the obligations of the parties set forth in
Article V (other than those conditions to be satisfied at the time of the Closing) have been satisfied or waived (such date being herein called the “Closing
Date”). The Closing will be effective as of 12:01 a.m. on the Closing Date.”

In addition, each of the Purchase Documents is hereby amended so that each reference to “VSCE”
therein is replaced with a reference to TISG.

     5. Section 1.3, Consideration. Section 1.3 of the Purchase Agreement is hereby
amended by:

	 	(a)	 	deleting subsection (b) in its entirety and inserting the following in lieu
thereof:

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“(b) LP Interest.

     (i) As consideration in full for the sale and purchase of the LP Initial
Interest, Newco will pay to the Seller an aggregate of $499,750 (the “LP Initial
Purchase Price”). The LP Initial Purchase Price will be payable at the Initial
Closing by the issuance by Newco to the Seller of the Series B Initial Shares (as
defined below).

     (ii) As consideration in full for the sale and purchase of the LP Option
Interest, Newco will pay to the Seller an aggregate of $750,250 (the “LP Option
Purchase Price”). The LP Option Purchase Price will be payable at the Closing
by the issuance by Newco to the Seller of the Series A LP Shares and the Series B
Option Shares (each as defined below).”;

	 	(b)	 	deleting from subsection (e) thereof the reference to “LP Interest” and
inserting “LP Option Interest” in lieu thereof; and
	 
	 	(c)	 	deleting subsection (g) in its entirety and inserting the following in lieu
thereof:

     “(g) “Series B Initial Shares” means the 9,995 shares of Series B Preferred
Stock that will be issued to the Seller by Newco at the Initial Closing as full
consideration for the sale and purchase of the LP Initial Interest;

     (h) “Series B Option Shares” means the 9,130 shares of Series B Preferred Stock
that will be issued to the Seller by Newco at the Closing as partial consideration for the
sale and purchase of the LP Option Interest.”

     6. Section 1.4, Initial Closing Deliveries. The following new Section 1.4 is hereby
inserted into the Purchase Agreement immediately following Section 1.3:

     “1.4 Initial Closing Deliveries. At the Initial Closing:

     (a) Newco will issue to the Seller the Series B Initial Shares, and will deliver to the
Seller certificates representing the Series B Initial Shares and any other documents that
are necessary to transfer to the Seller good title to the Series B Initial Shares;

     (b) the Seller will execute and deliver to Newco any documents that are necessary to
transfer to Newco good title to the LP Initial Interest, including, without limitation, the
Assignment of LP Initial Interest, substantially in the form of Exhibit F attached
hereto;

     (c) Newco and the Seller will enter into an Agreement of Limited Partnership of Point
Loma Surgical Center, L.P., dated as of the First Amendment Date, by and between the Seller,
as the general partner, and Newco, as a limited partner, in form and substance mutually
satisfactory to Newco and the Seller (the “Initial LP Agreement”); and

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     (d) Newco will be admitted to the Partnership as a limited partner in accordance with
the relevant provisions of the Initial LP Agreement.”

     7. Section 1.5, Closing Deliveries. The previously existing Section 1.4 of the
Purchase Agreement is hereby renumbered as Section 1.5, and such Section 1.5 is hereby amended by:

	 	(a)	 	deleting from subsection (b) thereof the reference to “Series B Shares” and
inserting “Series B Option Shares” in lieu thereof;
	 
	 	(b)	 	deleting from subsection (c) thereof the references to “LP Interest” and
“Assignment of LP Interest” and inserting “LP Option Interest” and “Assignment of LP
Option Interest,” respectively, in lieu thereof;
	 
	 	(c)	 	deleting from subsection (d) thereof the reference to “Section 12.19” and
inserting “the relevant provisions” in lieu thereof;
	 
	 	(d)	 	deleting subsection (e) in its entirety; and
	 
	 	(e)	 	re-lettering subsections (f), (g) and (h) as subsections (e), (f) and (g),
respectively.

     8. Section 1.6, Further Assurances. The previously existing Section 1.5 of the
Purchase Agreement is hereby re-numbered as Section 1.6.

     9. Section 2.9, Accounts Receivable. The first sentence of Section 2.9 of the
Purchase Agreement is hereby deleted and the following inserted in lieu thereof:

     “2.9 Accounts Receivable. Set forth in Schedule 2.9 is a complete and
accurate schedule of the Non-Litigated Accounts Receivable as of March 8, 2006, excluding
the accounts receivable deposit of March 9, 2006 (collectively and together with all
accounts receivable of the Partnership created after March 8, 2006, the “Accounts
Receivable”); provided, that “Non-Litigated Accounts Receivable” means
all accounts receivable of the Partnership that are not classified as Litigated Accounts
Receivable by Physicians Management Group; further provided, that “Litigated
Accounts Receivable” means all accounts receivable of the Partnership for which
Physicians Management Group pursues legal or quasi-legal action in connection with the
collection of such accounts receivable.”

     10. Section 2.12, Financial Statements. Section 2.12 of the Purchase Agreement is
hereby amended by deleting the references to “November 30, 2005” and “December 31, 2003 and 2004”
and inserting “January 31, 2006” and “December 31, 2003, 2004 and 2005,” respectively, in lieu
thereof.

     11. Section 2.19, Payors. Section 2.19 of the Purchase Agreement is hereby amended by
deleting the reference to “for the interim period ending on the Latest Balance Sheet Date” and
inserting “2005” in lieu thereof.

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     12. Section 2.31, Accredited Investor; Disclosure Materials. Section 2.31 of the
Purchase Agreement is hereby amended by deleting the reference to “and the Series B Shares” and
inserting “, the Series B Initial Shares and the Series B Option Shares” in lieu thereof.

     13. Section 4.1, Conduct of Business. Section 4.1(e) of the Purchase Agreement is
hereby amended by deleting the reference to “the Purchased Interests” and inserting “the GP
Interest and the LP Option Interest” in lieu thereof.

     14. Section 5.1, Conditions to Obligations of the Buyers. Section 5.1 of the Purchase
Agreement is hereby amended by:

     (a)
deleting from subsection (j) thereof the reference to “Effective Date” and
inserting “Closing Date” in lieu thereof;

     (b) deleting from subsection (m) thereof the reference to “Newco” and inserting
“GenPar” in lieu thereof;

     (c) deleting from subsection (n) thereof the references to “GenPar” and “Assignment of
LP Interest” and inserting “Newco” and “Assignment of LP Option Interest,” respectively, in
lieu thereof.

     15. Section 5.2, Conditions to Obligations of the Seller and Kupfer. Section 5.2 of
the Purchase Agreement is hereby amended by:

     (a) deleting from subsection (e) thereof the reference to “Newco” and inserting
“GenPar” in lieu thereof;

     (b) deleting from subsection (f) thereof the references to “GenPar” and “Assignment of
LP Interest” and inserting “Newco” and “Assignment of LP Option Interest,” respectively, in
lieu thereof.

     16. Section 7.1, Termination. Section 7.1 of the Purchase Agreement is hereby amended
by deleting each reference to the date “January 31, 2006” and inserting “July 31, 2006” in lieu
thereof.

     17. Section 7.2, Notices. Section 7.2 of the Purchase Agreement is hereby amended by
deleting the reference to “Vsource, Inc.” and inserting “Tri-Isthmus Group, Inc.” in lieu thereof.

     18. Section 7.13, Usage. Section 7.13 of the Purchase Agreement is hereby amended by
inserting the following sentence at the end thereof: “Any reference in this Agreement to the
preamble or recitals hereto will, to the extent the context requires, include the preamble or
recitals, as the case may be, of any amendment hereto.”

     19. Section 7.14, Certain Definitions. The table of defined terms set forth in
Section 7.14(f) of the Purchase Agreement is hereby amended by:

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     (a) deleting the definitions for “Assignment of LP Interest,” “LP Purchase Price,”
“Series B Shares” and “VSCE” therefrom; and

     (b) for each defined term listed in the table set forth below, either (i) correcting
the section reference in such table if such defined term is already listed in such table; or
(ii) inserting into such table a new row for each such defined term that is not already
listed in such table:

	 	 	 
	Defined Term	 	Section
	Assignment of LP Initial Interest
	 	5.1(n)
	Assignment of LP Option Interest
	 	5.1(n)
	Bill of Sale
	 	1.4(g)
	Closing
	 	1.2(b)
	Closing Date
	 	1.2(b)
	Elite Assets
	 	1.4(g)
	First Amendment
	 	Preamble thereto
	First Amendment Date
	 	Preamble to the First Amendment
	Initial Closing
	 	1.2(a)
	Initial LP Agreement
	 	1.4(c)
	Litigated Accounts Receivable
	 	2.9
	LP Initial Interest
	 	Recitals
	LP Option Interest
	 	Recitals
	LP Initial Purchase Price
	 	1.3(b)(i)
	LP Purchase Price
	 	1.3(b)(ii)
	Non-Litigated Accounts Receivable
	 	2.9
	Partnership Agreement
	 	5.1(j)
	Registration Rights Agreement
	 	5.1(l)
	Series B Initial Shares
	 	1.3(g)
	Series B Option Shares
	 	1.3(h)
	TISG
	 	1.2(a)

     20. Exhibit F, Form of Assignment of LP Interest. Exhibit F to the Purchase Agreement
is hereby deleted in its entirety and the Exhibit F attached hereto inserted in lieu thereof.

     21. Schedules. The Schedules to the Purchase Agreement are hereby deleted in their
entirety and the Schedules attached hereto inserted in lieu thereof.

ARTICLE II

Representations and Warranties; Closing Conditions; Ratification

     1. Representations and Warranties of the Sellers. The Seller and Kupfer, jointly and
severally, represent and warrant to the Buyer that: (a) all representations and warranties of the
Seller and Kupfer contained in the Purchase Agreement are true and correct in all respects at and
as of the First Amendment Date, without regard to any supplemental disclosure provided pursuant to
Section 4.3, with the same effect as though such representations and warranties were made
at and as

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of the First Amendment Date (rather than as of the Effective Date as provided in the first
paragraph of Article II); (b) the execution, delivery and performance by the Seller and
Kupfer of this First Amendment has been duly authorized by all necessary action, corporate or
otherwise, on the part of the Seller and Kupfer, this First Amendment has been duly executed and
delivered by the Seller and Kupfer and this First Amendment is a legal, valid and binding agreement
of the Seller and Kupfer, enforceable against the Seller and Kupfer in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to
general principles of equity (regardless of whether enforcement is sought in a proceeding at law or
in equity); and (c) no event has occurred that with notice or the lapse of time or both would allow
the Seller or Kupfer to terminate the Purchase Agreement pursuant to Section 7.1.

     2. Representations and Warranties of the Buyer. The Buyers represent and warrant to
the Seller and Kupfer that: (a) all representations and warranties of the Buyers contained in the
Purchase Agreement are true and correct in all respects at and as of the First Amendment Date with
the same effect as though such representations and warranties were made at and as of the First
Amendment Date (rather than as of the Effective Date as provided in the first paragraph of
Article III); (b) the execution, delivery and performance by each Buyer of this First
Amendment has been duly authorized by all necessary action, corporate or otherwise, on the part of
such Buyer, this First Amendment has been duly executed and delivered by each Buyer and this First
Amendment is a legal, valid and binding agreement of each Buyer enforceable against such Buyer in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy,
insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights
generally and subject to general principles of equity (regardless of whether enforcement is sought
in a proceeding at law or in equity); and (c) no event has occurred that with notice or the lapse
of time or both would allow the Buyers to terminate the Purchase Agreement pursuant to Section
7.1.

     3. Closing Conditions. Except as expressly set forth herein, and solely with respect
to the Initial Closing, each party hereby waives all closing conditions under the Purchase
Agreement set forth in Article V.

     4. Ratification and Reaffirmation. The terms and provisions set forth in this First
Amendment modify and supersede all inconsistent terms and provisions set forth in the Purchase
Agreement or in any other Purchase Document, and, except as expressly modified and superseded by
this First Amendment, the terms and provisions of the Purchase Agreement and all other Purchase
Documents are ratified and confirmed in all respects and will continue in full force and effect.
The parties hereto agree that the Purchase Agreement, as amended hereby, and the other Purchase
Documents continue to be legal, valid, binding and enforceable in accordance with their respective
terms.

ARTICLE III

Miscellaneous

     1. No Waiver. Except as set forth in Section 3 of Article II of this First Amendment,
nothing contained herein will be construed as a waiver by any party of any covenant or provision

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of the Purchase Agreement or any other Purchase Document, and any party’s failure at any time
or times hereafter to require strict performance by any other party of any provision thereof will
not waive, affect or diminish any right of such party to thereafter demand strict compliance
therewith.

     2. Survival of Representations and Warranties. All representations and warranties
made in the Purchase Agreement or any other Purchase Document, including, without limitation, any
document furnished in connection with this First Amendment, will survive the execution and delivery
of this First Amendment and the other Purchase Documents, and no investigation by any party will
affect such representations and warranties or the right of such party to rely upon them.

     3. Counterparts. This First Amendment may be executed in one or more counterparts
(including by facsimile or portable document format (.pdf)) for the convenience of the parties
hereto, each of which will be deemed an original, but all of which together will constitute one and
the same instrument.

     4. Interpretation. The article and section headings contained in this First Amendment
are solely for the purpose of reference, are not part of the agreement of the parties and will not
in any way affect the meaning or interpretation of this First Amendment or the Purchase Agreement.

     5. GOVERNING LAW. THIS FIRST AMENDMENT WILL BE GOVERNED BY AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT
TO ANY CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT RESULT IN THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION.

     6. Drafting. The language in all parts of this First Amendment will be interpreted,
in all cases, according to its fair meaning and not for or against any party hereto. Each party
acknowledges that it and its legal counsel have reviewed and revised this First Amendment and that
the normal rule of construction to the effect that any ambiguities are to be resolved against the
drafting party will not be employed in the interpretation of this First Amendment.

     7. Usage. Whenever the plural form of a word is used in this First Amendment, it will
include the singular form of that word. Whenever the singular form of a word is used in this First
Amendment, it will include the plural form of that word. The term “or” will not be interpreted as
excluding any of the items described. The term “include” or any derivative of such term does not
mean that the items following such term are the only types of such items.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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     IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to be effective as
of the First Amendment Date.

	 	 	 	 	 
	 	 	THE BUYERS:
	 
	 	 	 	 
	 	 	POINT LOMA GENPAR, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	David Hirschhorn
	 

	 	Title:
	 	President and CEO
	 
	 	 	 	 
	 	 	POINT LOMA ACQUISITION, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	David Hirschhorn
	 

	 	Title:
	 	President and CEO
	 
	 	 	 	 
	 	 	THE SELLER:
	 
	 	 	 	 
	 	 	SURGICAL VENTURES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	David M. Kupfer, M.D.
	 

	 	Title:
	 	President
	 
	 	 	 	 
	 

	 	KUPFER:	 
	 
	 	 	 	 
	 	 	 
	 	 	David M. Kupfer, M.D.

[Signature Page to First Amendment]

 

 

EXHIBIT
F

FORM
OF ASSIGNMENT
OF LP [INITIAL] [OPTION] INTEREST

     This
Assignment of LP [Initial] [Option] Interest (this “Assignment”) is made and entered into as
of ________  __, 2006, by and between Surgical Ventures, Inc., a California corporation
(“Assignor”), and Point Loma Acquisition, Inc., a Nevada corporation (“Assignee”),
in connection with that certain Partnership Interest Purchase Agreement dated as of December 2,
2005 (as amended, the “Purchase Agreement”), by and among Point Loma GenPar, Inc., a Nevada
corporation; Assignee; Assignor; and David M. Kupfer, M.D., an individual residing in the State of
California. Capitalized terms used herein that are not otherwise defined have the meanings
ascribed to such terms in the Purchase Agreement.

W I T N E S S E T H:

     WHEREAS, Assignor is the owner of the LP
[Initial] [Option] Interest;

     WHEREAS, pursuant to the Purchase Agreement, Assignor has agreed to sell, transfer and convey
to Assignee, and Assignee has agreed to acquire from Assignor, the LP [Initial] [Option] Interest;

     WHEREAS, in connection with such sale, transfer and conveyance, Assignor desires to assign the
LP [Initial] [Option] Interest to Assignee, and Assignee desires to accept such assignment, pursuant to the
terms and provisions provided herein;

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and
agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree as follows:

     1. Assignor assigns, transfers and conveys to Assignee the LP [Initial] [Option] Interest, including all
of Assignor’s rights and interests as an equityholder of the Partnership allocable or attributable
to the LP [Initial] [Option] Interest and its proportionate right, title and interest in and to the business,
properties and assets of the Partnership and to the capital, distributions, profits and losses of
the Partnership or its successors, allocable or attributable to the LP [Initial] [Option] Interest, an
equityholder of the Partnership.

     2. This Assignment and the covenants, obligations, undertakings, rights and benefits hereof
shall be binding upon, and shall inure to the benefit of, the respective parties hereto and their
respective successors and assigns.

     3. This Assignment may be executed in one or more counterparts (including by facsimile or
portable document format (.pdf)) for the convenience of the parties hereto, each of which will be
deemed an original, but all of which together will constitute one and the same instrument.

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     4. Each party agrees to execute any and all documents and to perform such other acts as the
other party may reasonably request to further the purposes of this Assignment and the transactions
contemplated hereby.

     5. The recitals set forth in this Assignment are hereby incorporated into and made a part of
this Assignment for all purposes.

     6. THIS ASSIGNMENT WILL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE
SUBSTANTIVE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAW RULE OR
PRINCIPLE THAT MIGHT RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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     EXECUTED and DELIVERED to be effective as of the date first written above.

	 	 	 	 	 
	 	 	ASSIGNOR:
	 
	 	 	 	 
	 	 	SURGICAL VENTURES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	David M. Kupfer, M.D.
	 

	 	Title:
	 	 President
	 
	 	 	 	 
	 	 	ASSIGNEE:
	 
	 	 	 	 
	 	 	POINT LOMA ACQUISITION, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	David Hirschhorn
	 

	 	Title:
	 	 President and CEO

[Signature
Page to Assignment of LP [Initial] [Option] Interest]exv10w1

 

Exhibit 10.1

EXECUTION COPY

LETTER AMENDMENT NO. 3

to

AMENDED AND RESTATED

MASTER SHELF AGREEMENT

As of March 13, 2006

Prudential Investment Management, Inc.

The Prudential Insurance Company of America

Pruco Life Insurance Company

Pruco Life Insurance Company of New Jersey

Gibraltar Life Insurance Co., Ltd.

RGA Reinsurance Company

Connecticut General Life Insurance Company

Zurich American Insurance Company

The Prudential Life Insurance Company, Ltd.

Prudential Retirement Insurance and Annuity Company

MTL Insurance Company

c/o Prudential Capital Group

2200 Ross Avenue, Suite 4200E

Dallas, Texas 75201

Ladies and Gentlemen:

     We refer to the Amended and Restated Master Shelf Agreement, dated as of March 31, 2005, as
amended by Letter Amendment No. 1 thereto dated as of June 22, 2005 and Letter Amendment No. 2
thereto dated as of November 1, 2005 (as so amended, the “Agreement”), among Crosstex Energy, L.P.,
a Delaware limited partnership (the “Company”), and Crosstex Energy Services, L.P., a Delaware
limited partnership, on one hand, and each of you (the “Purchasers”), on the other hand. Unless
otherwise defined in this Letter Amendment No. 3 to Amended and Restated Master Shelf Agreement
(this “Amendment”), the terms defined in the Agreement shall be used herein as therein defined.

     The Company desires to amend the Agreement to increase the aggregate principal amount of Notes
that may be issued under the Agreement to $260,000,000 and provide for the authorization of the
issuance of a series of senior secured notes thereunder as hereinafter provided. Subject to the
terms and conditions specified herein, the Purchasers have indicated their willingness to make such
amendments, all as more particularly set forth herein. In addition, the Company and the Purchasers
desire to make certain other changes to the Agreement relating

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to the determination of any Yield-Maintenance Amount with respect to the Series D Notes as
more particularly set forth herein.

     Accordingly, subject to satisfaction of the conditions set forth in paragraph 12 hereof, and
in reliance on the representations and warranties of the Company set forth in paragraph 11 hereof,
the Purchasers hereby agree with the Company to amend the Agreement as provided in paragraphs 1
through 10 below, effective as of the Amendment No. 3 Effective Date (as defined in paragraph 12
below).

     1. Amendment to Cover Page.

     “Cover Page. The cover page of the Agreement is hereby amended by replacing
“$125,000,000” with “$260,000,000”.

     2. Amendment to Paragraph 1D. Authorization of Issue of Shelf Notes. The third sentence of
paragraph 1D of the Agreement is restated in its entirety to read as follows:

     “The term ‘Notes’ as used in this Agreement shall mean any Series A Note, any
Series B Note, any Series C Note, any Series E Note or any Shelf Note.”

     3. New Paragraph 1E. Authorization of Issue of Series E Notes.

     Existing paragraphs 1E and 1F of the Agreement are renumbered as paragraph 1F and 1G,
respectively, and new paragraph 1E is added to the Agreement, such paragraph 1E to read as follows:

     “1E. Authorization of Issue of Series E Notes. The Company will authorize the
issue of its 6.32% Senior Secured Notes, Series E, due March 13, 2016 (the “Series E
Notes”), in the aggregate principal amount of $60,000,000, to be dated the date of
issue thereof, to mature March 13, 2016, to bear interest on the unpaid balance
thereof from the date thereof until the principal thereof shall have become due and
payable at the rate of 6.32% per annum and on the occurrence and during the
continuation of an Event of Default at the rate specified therein, to be
substantially in the form of Exhibit A-5 hereto. The term “Series E Notes” as used
herein shall include each Series E Note delivered pursuant to any provision of this
Agreement and each Series E Note delivered in substitution or exchange for such
Series E Note pursuant to any such provision.”

     4. New Paragraph 1H. Series E Closing. New paragraph 1H is added to the Agreement, such
paragraph 1H to read as follows:

     “1H. Series E Closing. The Company hereby agrees to sell to each Purchaser
identified on the Purchaser Schedule attached hereto as a Purchaser of the
Series E Notes and, subject to the terms and conditions herein set forth, each such
Purchaser agrees to purchase from the Company Series E Notes in the aggregate
principal amount set forth opposite its name on the Purchaser Schedule
attached hereto at 100% of such aggregate principal amount. The Company will

2

 

deliver to such Purchasers, at the offices of Schiff Hardin LLP, 6600 Sears
Tower, Chicago, Illinois 60606, one or more Series E Notes registered in the name
of such Purchasers, evidencing the aggregate principal amount of Series E Notes to
be purchased by such Purchasers and in the denomination or denominations specified
in the Purchaser Schedule attached hereto against payment of the purchase
price thereof by transfer of immediately available funds to the credit of the
account of Crosstex Energy Services, LP, account #0880423630 at Union Bank of
California (ABA No. 122000496) on the date of closing, which shall be March 13,
2006, or any other date upon which the Company and Prudential may mutually agree in
writing (the “Series E Closing Day”).”

     5. Paragraph 2H(2). Rescheduled Closings; Paragraph 2I. Fees; and Paragraph 3. Conditions of
Amendment and Restatement and Closing.

     For the purposes of paragraph 2H(2), paragraph 2I and paragraph 3 of the Agreement, each
reference to “Accepted Notes” or “Shelf Notes” shall include the Series E Notes and any reference
to the “Acceptance Day” shall mean, with respect to the Series E Notes, February 21, 2006.

     6. Paragraph 3A. Certain Documents.

     Clause (xx) of paragraph 3A of the Agreement is amended in its entirety to read as follows:

     “(xx) With respect to the issuance of any Notes which would cause the aggregate
principal amount of all Notes issued under this Agreement to exceed $200,000,000: an
executed amendment to the Bank Agreement amending the Bank Agreement to permit the
issuance of up to an aggregate of $260,000,000 principal amount of Notes under this
Agreement, certified by a Responsible Officer as being a true and correct copy of
such amendment as of the applicable Closing Day, and such amendment shall be in full
force and effect.

     7. Amendment to Paragraph 8I. Use of Proceeds.

          Paragraph 8I of the Agreement is amended to add the following as the new first sentence
thereof:

“The proceeds of the Series E Notes will be used to refinance existing Debt
outstanding under the Bank Agreement.”

     8. Amendment to Paragraph 10A. Yield-Maintenance Terms.

     The definition of “Yield-Maintenance Amount” in paragraph 10A of the Agreement is amended in
its entirety to read as follows:

     “‘Yield-Maintenance Amount’ means, with respect to any Note:

3

 

     (a) Other than with respect to the Series C Notes, the Series D Notes or the
Series E Notes, an amount equal to the excess, if any, of the Discounted Value of
the Called Principal of such Note over the sum of (i) such Called Principal plus
(ii) interest accrued thereon as of (including interest due on) the Settlement Date
with respect to such Called Principal;

     (b) With respect to the Series C Notes (1) if the Settlement Date with respect
to which the Yield-Maintenance Amount is being determined is on or before June 18,
2007, an amount equal to the excess, if any, of the Discounted Value of the Called
Principal of such Series C Note over the sum of (i) such Called Principal plus (ii)
interest accrued thereon as of (including interest due on) the Settlement Date with
respect to such Called Principal, and (2) if the Settlement Date with respect to
which the Yield-Maintenance Amount is being determined is after June 18, 2007, the
percentage of the Called Principal of such Series C Note set forth below opposite
the Settlement Date:

	 	 	 	 	 
	Settlement Date	 	Percentage
	After June 18, 2007 and on or before
June 18, 2008
	 	 	3.50	%
	 
	 	 	 	 
	After June 18, 2008 and on or before
June 18, 2009
	 	 	3.00	%
	 
	 	 	 	 
	After June 18, 2009 and on or before
June 18, 2010
	 	 	2.50	%
	 
	 	 	 	 
	After June 18, 2010 and on or before
June 18, 2011
	 	 	2.00	%
	 
	 	 	 	 
	After June 18, 2011 and on or before
June 18, 2012
	 	 	1.50	%
	 
	 	 	 	 
	After June 18, 2012 and on or before
June 18, 2013
	 	 	1.00	%
	 
	 	 	 	 
	After June 18, 2013
	 	 	0.00	%;

     (c) With respect to the Series D Notes (1) if the Settlement Date with respect
to which the Yield-Maintenance Amount is being determined is on or before November
28, 2008, an amount equal to the excess, if any, of the Discounted Value of the
Called Principal of such Series D Note over the sum of (i) such Called Principal
plus (ii) interest accrued thereon as of (including interest due on) the Settlement
Date with respect to such Called Principal, and (2) if the Settlement Date with
respect to which the Yield-Maintenance Amount is being

4

 

determined is after November 28, 2008, the percentage of the Called Principal
of such Series D Note set forth below opposite the Settlement Date:

	 	 	 	 	 
	Settlement Date	 	Percentage
	After November 28, 2008 and on or before
November 28, 2009
	 	 	3.50	%
	 
	 	 	 	 
	After November 28, 2009 and on or before
November 28, 2010
	 	 	3.00	%
	 
	 	 	 	 
	After November 28, 2010 and on or before
November 28, 2011
	 	 	2.50	%
	 
	 	 	 	 
	After November 28, 2011 and on or before
November 28, 2012
	 	 	2.00	%
	 
	 	 	 	 
	After November 28, 2012 and on or before
November 28, 2013
	 	 	1.50	%
	 
	 	 	 	 
	After November 28, 2013 and on or before
November 28, 2014
	 	 	1.00	%
	 
	 	 	 	 
	After November 28, 2014
	 	0.00	%; and

     (d) With respect to the Series E Notes (1) if the Settlement Date with respect
to which the Yield-Maintenance Amount is being determined is on or before March 13,
2009, an amount equal to the excess, if any, of the Discounted Value of the Called
Principal of such Series E Note over the sum of (i) such Called Principal plus (ii)
interest accrued thereon as of (including interest due on) the Settlement Date with
respect to such Called Principal, and (2) if the Settlement Date with respect to
which the Yield-Maintenance Amount is being determined is after March 13, 2009, the
percentage of the Called Principal of such Series E Note set forth below opposite
the Settlement Date:

	 	 	 	 	 
	Settlement Date	 	Percentage
	After March 13, 2009 and on or before
March 13, 2010
	 	 	3.50	%
	 
	 	 	 	 
	After March 13, 2010 and on or before
March 13, 2011
	 	 	3.00	%
	 
	 	 	 	 
	After March 13, 2011 and on or before
March 13, 2012
	 	 	2.50	%

5

 

	 	 	 	 	 
	Settlement Date	 	Percentage
	After March 13, 2012 and on or before
March 13, 2013
	 	 	2.00	%
	 
	 	 	 	 
	After March 13, 2013 and on or before
March 13, 2014
	 	 	1.50	%
	 
	 	 	 	 
	After March 13, 2014 and on or before
March 13, 2015
	 	 	1.00	%
	 
	 	 	 	 
	After March 13, 2015
	 	 	0.00	%

  The Yield-Maintenance Amount shall in no event be less than zero.”

     9. Amendments to Paragraph 10B. Other Terms.

          (a) The definition of “Closing Day” in paragraph 10B of the Agreement is amended by adding the
following thereto:

     “With respect to the Series E Notes, the “Closing Day” shall mean the Series E
Closing Day.”

          (b) The definition of “Purchasers” in paragraph 10B of the Agreement is amended to add the
following thereto immediately after “the Series C Notes,”:

“with respect to the Series E Notes, the Persons listed on the Purchaser Schedule
attached hereto as purchasers of the Series E Notes,”

          (c) Paragraph 10B of the Agreement is amended by adding the following definitions thereto in
appropriate alphabetical order:

     “Series D Notes” shall mean the Company’s 6.23% Senior Secured Notes, Series D,
due November 28, 2015, issued pursuant to this Agreement.

     “Series E Closing” shall have the meaning specified in paragraph 1H.

     “Series E Notes” shall have the meaning specified in paragraph 1E.

     10. Amendments to Purchaser Schedule and Exhibits.

          (a) The Purchaser Schedule to the Agreement is amended by adding thereto the Series E
Purchaser Schedule in the form attached hereto.

          (b) The Exhibits to the Agreement are amended by adding thereto Exhibit A-5 in the form
attached hereto.

6

 

     11. Representations and Warranties. In order to induce the Purchasers to enter into this
Amendment, the Company hereby represents and warrants as follows:

          (a) The execution, delivery and performance by the Company and the Guarantors of this
Amendment, the Agreement, as amended hereby, and each of documents described in paragraph 12 hereof
to which each is a party, and the Loan Documents, as amended hereby, have in each case been duly
authorized by all necessary limited liability company, limited partnership or other organizational
action and do not and will not (i) contravene the terms of the Company Partnership Agreement or the
partnership or limited liability company agreement or certificate of formation (or other
organizational documents) of the General Partner, the Company or any of their Subsidiaries, (ii)
conflict with or result in any breach or contravention of, or the creation of any Lien under, any
document evidencing any contractual obligation to which the General Partner, the Company or any of
their Subsidiaries is a party and which could subject any holder of Notes to any liability, (iii)
conflict with or result in any breach or contravention of any order, injunction, writ or decree of
any governmental authority binding on the General Partner, the Company, any of their Subsidiaries
or their respective properties, or (iv) violate any applicable law binding on or affecting the
General Partner, the Company or any of their Subsidiaries.

          (b) Each of the representations and warranties contained in paragraph 8 of the Agreement is
true and correct on and as of the date hereof, and will be true and correct immediately upon, and
as of the date of, the effectiveness of this Amendment in each case except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall be
true and correct as of such earlier date.

          (c) On and as of the date hereof, and after giving effect to this Amendment, no Default or
Event of Default exists under the Agreement.

          (d) No Governmental Action is required for the due execution, delivery or performance by the
Company or the Guarantors of this Amendment, the Agreement, as amended hereby, or each of the
documents described in paragraph 12 hereto to be executed by the Company or any Guarantor.

          (e) This Amendment, the Agreement, as amended hereby, and each of the documents described in
paragraph 12 hereto to be executed by the Company or any Guarantor, constitute legal, valid and
binding obligations of the Company or such Guarantor, as applicable, enforceable against the
Company or such Guarantor, as applicable, in accordance with their respective terms.

          (f) The quarterly and annual financial statements most recently delivered to the Purchasers
pursuant to clauses (i) and (ii) of paragraph 5A of the Agreement fairly present the Consolidated
financial condition of the Company and its Subsidiaries as of the respective dates thereof and the
Consolidated results of the operations of the Company and its Subsidiaries for the respective
fiscal periods ended on such dates, all in accordance with GAAP applied on a consistent basis
(subject to normal year-end audit adjustments and the absence of footnotes in the case of the
quarterly financial statements). Since September 30, 2005 there has been no material and adverse
change in the business, condition (financial or otherwise), operations, performance,

7

 

properties or prospects of the Company or any of its Subsidiaries. The Company and its
Subsidiaries have no material contingent liabilities except as disclosed in such financial
statements or the notes thereto.

          (g) There is no pending or, to the knowledge of the Company, threatened action or proceeding
affecting the Company or any of its Subsidiaries before any Governmental Person, referee or
arbitrator that could reasonably be expected to have a Material Adverse Effect.

          (h) Neither the Company, the General Partner, the Ultimate General Partner nor any of their
Subsidiaries have paid, or agreed to pay, any fees or other compensation for or with respect to the
amendment to the Bank Agreement referred to in paragraph 3A(xx) of the Agreement except as
expressly set forth in such amendment.

     12. Conditions to Effectiveness. This Amendment shall become effective as of the date (the
“Amendment No. 3 Effective Date”) first above written when and if each Purchaser shall have
received the following, each to be dated the date of execution and delivery thereof unless
otherwise indicated, and each to be in form and substance satisfactory to such Purchaser and
executed and delivered by each of the parties thereto, as applicable:

     (i) This Amendment, dated as of the Amendment No. 3 Effective Date.

     (ii) A certificate of a Responsible Officer, dated as of the Amendment No. 3 Effective
Date, certifying that (A) the representations and warranties contained in this Amendment and
the Agreement, as amended hereby, are true and correct on and as of the Amendment No. 3
Effective Date, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct as of such earlier
date, (B) no Event of Default or Default exists as of the date thereof and (C) all of the
conditions specified in this paragraph 12 have been met.

     (iii) A certificate of the Secretary or an Assistant Secretary of the General Partner,
dated as of the Amendment No. 3 Effective Date, certifying (A) the existence of the Company
and the General Partner, (B) the Company Partnership Agreement, (C) the Company’s and
General Partner’s organizational documents, (D) the resolutions of the General Partner
approving this Amendment, the documents to be executed by the Company described in this
paragraph 12 and the related transactions, and (E) all documents evidencing other necessary
corporate, partnership or limited liability company action and governmental approvals, if
any, with respect to this Amendment and the other documents executed in connection herewith.

     (iv) A certificate of the Secretary or an Assistant Secretary of the General Partner,
dated as of the Amendment No. 3 Effective Date, certifying the names and true signatures of
the officers of the General Partner authorized to sign this Amendment and the other
documents executed in connection herewith.

     (v) Certificates of the Secretary or an Assistant Secretary of each of the Guarantors,
dated as of the Amendment No. 3 Effective Date, certifying (A) the organizational documents
of such Guarantor, (B) the resolutions of the governing body of such Guarantor approving
this Amendment, the documents to be executed by such

8

 

Guarantor described in this paragraph 12 and the related transactions, and (C) all
other documents evidencing other necessary corporate, partnership or limited liability
company action and governmental approvals, if any, with respect to this Amendment and the
other documents executed in connection herewith.

     (vi) A favorable opinion of Baker Botts, L.L.P., special counsel to the Company and the
Guarantors, and Taylor, Porter, Brooks & Phillips, LLP, Louisiana counsel to the Company and
the Guarantors, addressed to the Purchasers. The Company and each Guarantor hereby directs
such counsel to deliver such opinions, agrees that the issuance and sale of any Notes will
constitute a reconfirmation of such direction, and understands and agrees that each
Purchaser receiving such an opinion will be and is hereby authorized to rely on such
opinion.

     (vii) Such additional documents or certificates with respect to such legal matters or
limited liability company, limited partnership or other proceedings related to the
transactions contemplated hereby as may be reasonably requested by such Purchaser prior to
the purchase of the Series E Notes by the Purchasers.

     13. Miscellaneous.

          (a) Effect on Agreement. On and after the Amendment No. 3 Effective Date, each reference in
the Agreement to “this Agreement”, “hereunder”, “hereof”, or words of like import referring to the
Agreement and each reference in the Notes and all other documents executed in connection with the
Agreement to “the Agreement”, “thereunder”, “thereof”, or words of like import referring to the
Agreement shall mean the Agreement as amended by this Amendment. The Agreement, as amended by this
Amendment, is and shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy under the Agreement nor constitute a waiver of
any provision of the Agreement. Without limiting the generality of the foregoing, nothing in this
Amendment shall be deemed (i) to constitute a waiver of compliance or consent to noncompliance by
the Company or any other Person with respect to any term, provision, covenant or condition of the
Agreement or any other Loan Document or (ii) to prejudice any right or remedy that any holder of
Notes may now have or may have in the future under or in connection with the Agreement or any other
Loan Document.

          (b) Counterparts. This Amendment may be executed in any number of counterparts (including
those transmitted by facsimile) and by any combination of the parties hereto in separate
counterparts, each of which counterparts shall be an original and all of which taken together shall
constitute one and the same Amendment. Delivery of this Amendment may be made by facsimile
transmission of a duly executed counterpart copy hereof.

          (c) Expenses. The Company confirms its agreement, pursuant to paragraph 11B of the Agreement,
to pay promptly all out-of-pocket expenses of the Purchasers related to the preparation,
negotiation, reproduction, execution and delivery of this Amendment and all matters contemplated
hereby and thereby, including without limitation all fees and out-of-pocket expenses of the
Purchasers’ special counsel.

9

 

          (d) Governing Law. THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE
RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK.

          (e) Affirmation of Obligations. Notwithstanding that such consent is not required under the
Guaranties, each of the Guarantors consents to the execution and delivery of this Amendment by the
parties hereto, including, without limitation, the increase in the aggregate amount of Notes that
may be issued under the Agreement to $260,000,000. As a material inducement to the undersigned to
amend the Agreement as set forth herein, each of the Guarantors respectively (i) acknowledges and
confirms the continuing existence, validity and effectiveness of the Guaranty to which it is a
party, including, without limitation, with respect to any Shelf Notes that may be issued as a
result of the foregoing increase, and (ii) agrees that the execution, delivery and performance of
this Amendment shall not in any way release, diminish, impair, reduce or otherwise affect its
obligations thereunder.

          (g) Facility Fully Utilized. For the avoidance of doubt the Company acknowledges that it has
heretofore issued an aggregate of $85,000,000 of Shelf Notes under the Agreement and, consequently,
the Available Facility Amount is zero.

          (g) FINAL AGREEMENT. THIS AMENDMENT, TOGETHER WITH THE AGREEMENT AND THE OTHER TRANSACTION
DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

{Remainder of this page blank; signature page follows.}

10

 

     If you agree to the terms and provisions hereof, please evidence your agreement by
executing and returning at least one counterpart to the Company at 2501 Cedar Springs, Suite 600,
Dallas, Texas 85201.

	 	 	 
	 

	 	Very truly yours,

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	CROSSTEX ENERGY, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Crosstex Energy GP, L.P.,	 	 
	 

	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Crosstex Energy GP, LLC,	 	 
	 

	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gysle R. Shellum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gysle R. Shellum	 	 
	 

	 	 	 	Vice President — Finance	 	 

Agreed to as of the Amendment No. 3 Effective Date:

	 	 	 	 	 
	PRUDENTIAL INVESTMENT MANAGEMENT, INC.	 	 
	 

	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	  Vice President	 	 
	 
	 	 	 	 
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	  Vice President	 	 
	 
	 	 	 	 
	PRUCO LIFE INSURANCE COMPANY	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	  Vice President	 	 
	 
	 	 	 	 
	PRUCO LIFE INSURANCE COMPANY OF	 	 
	  NEW JERSEY	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	  Vice President	 	 

Signature Page to Letter Amendment No. 3

 

 

	 	 	 	 	 
	 

	 	 	 	 
	GIBRALTAR LIFE INSURANCE CO., LTD.	 	 
	 
	 	 	 	 
	By:

	 	Prudential Investment Management (Japan), Inc.,
as Investment Manager	 	 
	 
	 	 	 	 
	By:

	 	Prudential Investment Management, Inc.,
as Sub-Adviser	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	RGA REINSURANCE COMPANY	 	 
	 
	 	 	 	 
	By:

	 	Prudential Private Placement Investors,	 	 
	 

	 	L.P. (as Investment Advisor)	 	 
	 
	 	 	 	 
	By:

	 	Prudential Private Placement Investors, Inc.	 	 
	 

	 	(as its General Partner)	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	CONNECTICUT GENERAL LIFE INSURANCE	 	 
	  COMPANY	 	 
	 
	 	 	 	 
	By:

	 	Prudential Investment Management, Inc.,	 	 
	 

	 	as Investment Manager	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	ZURICH AMERICAN INSURANCE COMPANY	 	 
	 
	 	 	 	 
	By:

	 	Prudential Private Placement Investors,	 	 
	 

	 	L.P. (as Investment Advisor)	 	 
	 
	 	 	 	 
	By:

	 	Prudential Private Placement Investors, Inc.	 	 
	 

	 	(as its General Partner)	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	THE PRUDENTIAL LIFE INSURANCE	 	 
	  COMPANY, LTD.

	 	 
	 
	 	 	 	 
	By:

	 	Prudential Investment Management (Japan), Inc.,	 	 

Signature Page to Letter Amendment No. 3

 

 

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	as Investment Manager	 	 
	 
	 	 	 	 
	By:

	 	Prudential Investment Management, Inc.,	 	 
	 

	 	as Sub-Adviser	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	PRUDENTIAL RETIREMENT INSURANCE	 	 
	  AND

	 	ANNUITY COMPANY	 	 
	 
	 	 	 	 
	By:

	 	Prudential Investment Management, Inc.,	 	 
	 

	 	as investment manager	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	MTL INSURANCE COMPANY	 	 
	 
	 	 	 	 
	By:

	 	Prudential Private Placement Investors, L.P.	 	 
	 

	 	(as Investment Advisor)	 	 
	 
	 	 	 	 
	By:

	 	Prudential Private Placement Investors, Inc.	 	 
	 

	 	(as its General Partner)	 	 
	 
	 	 	 	 
	By:

	 	/s/ Authorized Signatory	 	 
	 

	 	 	 	 
	 

	 	Vice President	 	 

Signature Page to Letter Amendment No. 3

 

 

Agreed to and acknowledged by each of the undersigned for the purposes set forth in paragraph
13(e):

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	GUARANTORS:	 	 
	 
	 	 	 	 	 	 
	 	 	CROSSTEX ACQUISITION MANAGEMENT, L.P.	 	 
	 	 	CROSSTEX MISSISSIPPI PIPELINE, L.P.	 	 
	 	 	CROSSTEX SEMINOLE GAS, L.P.	 	 
	 	 	CROSSTEX ALABAMA GATHERING SYSTEM, L.P.	 	 
	 	 	CROSSTEX MISSISSIPPI INDUSTRIAL GAS	 	 
	 	 	SALES, L.P.	 	 
	 	 	CROSSTEX GULF COAST TRANSMISSION LTD.	 	 
	 	 	CROSSTEX GULF COAST MARKETING LTD.	 	 
	 	 	CROSSTEX CCNG GATHERING LTD.	 	 
	 	 	CROSSTEX CCNG PROCESSING LTD.	 	 
	 	 	CROSSTEX CCNG TRANSMISSION LTD.	 	 
	 	 	CROSSTEX TREATING SERVICES, L.P.	 	 
	 	 	CROSSTEX NORTH TEXAS PIPELINE, L.P.	 	 
	 	 	CROSSTEX NORTH TEXAS GATHERING, L.P.	 	 
	 	 	CROSSTEX NGL MARKETING, L.P.	 	 
	 	 	CROSSTEX NGL PIPELINE, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Crosstex Energy Services GP, LLC	 	 
	 

	 	 	 	Sole General Partner of each above limited	 	 
	 

	 	 	 	partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gysle R. Shellum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gysle R. Shellum	 	 
	 

	 	 	 	Vice President-Finance	 	 
	 
	 	 	 	 	 	 
	 	 	CROSSTEX ENERGY SERVICES, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Crosstex Operating GP, LLC,	 	 
	 

	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gysle R. Shellum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gysle R. Shellum	 	 
	 

	 	 	 	Vice President-Finance	 	 

Signature Page to Letter Amendment No. 3

 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	CROSSTEX OPERATING GP, LLC	 	 
	 	 	CROSSTEX ENERGY SERVICES GP, LLC	 	 
	 	 	CROSSTEX LIG, LLC	 	 
	 	 	CROSSTEX TUSCALOOSA, LLC	 	 
	 	 	CROSSTEX LIG LIQUIDS, LLC	 	 
	 	 	CROSSTEX PIPELINE, LLC	 	 
	 	 	CROSSTEX PROCESSING SERVICES, LLC	 	 
	 	 	CROSSTEX PELICAN, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gysle R. Shellum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gysle R. Shellum	 	 
	 

	 	 	 	Vice President-Finance	 	 
	 
	 	 	 	 	 	 
	 	 	CROSSTEX PIPELINE PARTNERS, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Crosstex Pipeline, LLC, its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gysle R. Shellum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gysle R. Shellum	 	 
	 

	 	 	 	Vice President-Finance	 	 
	 
	 	 	 	 	 	 
	 	 	SABINE PASS PLANT FACILITY JOINT VENTURE	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Crosstex Processing Services, LLC,	 	 
	 

	 	 	 	as general partner	 	 
	 

	 	 	 	and	 	 
	 

	 	By:
	 	Crosstex Pelican, LLC, as general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gysle R. Shellum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gysle R. Shellum	 	 
	 

	 	 	 	Vice President-Finance	 	 

Signature Page to Letter Amendment No. 3

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