Document:

EX-10.1

 Exhibit 10.1 

FIRST AMENDMENT TO 
 SECOND AMENDED
AND RESTATED CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (herein called the “First
Amendment”) dated as of November 19, 2013, by and among ENERGY TRANSFER PARTNERS, L.P. (the “Borrower”), a Delaware limited partnership, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Administrative Agent under the Credit
Agreement described below (in such capacity, the “Administrative Agent”), and the Lenders party hereto. 
 W I T N E S S E T H:

 WHEREAS, the Borrower, the Administrative Agent, the Swingline Lender, LC Issuers, Syndication Agent and Co-Documentation Agents named
therein and the Lenders from time to time party thereto (“Lenders”) are parties to that certain Second Amended and Restated Credit Agreement dated as of October 27, 2011 (as heretofore amended, supplemented, or otherwise modified, the
“Original Agreement”), for the purpose and consideration therein expressed, whereby Lenders are obligated to extend credit to the Borrower as therein provided; and 

WHEREAS, the Borrower, the Administrative Agent, and the Majority Lenders desire to amend the Original Agreement as provided herein; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein and in the Original Agreement and in
consideration of the loans and other credit that may hereafter be extended by Lenders to the Borrower, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as
follows: 
 ARTICLE I. – Definitions and References 

Section 1.1. Unless the context otherwise requires or unless otherwise expressly defined herein, the terms defined in the Original
Agreement shall have the same meanings whenever used in this First Amendment. The term “the Credit Agreement” shall mean the Original Agreement as amended by this First Amendment. 

ARTICLE II. – Amendments to Original Agreement 

Section 2.1. Deleted Definitions. Article I of the Original Agreement is hereby amended to delete the definitions of
“Citrus” and “Citrus Acquisition”. 
 Section 2.2. Consolidated EBITDA. The definition of
“Consolidated EBITDA” in Article I of the Original Agreement is hereby amended to read as follows: 

“Consolidated EBITDA” means, for any period (without duplication), Consolidated Net Income for such period,
plus (a) each of the following to the extent deducted in determining such Consolidated Net Income (i) all Consolidated Interest Expense, (ii) all income taxes (including any franchise taxes to the extent based upon net income) of the
Borrower and its Subsidiaries for such period, (iii) all depreciation and 

  
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amortization (including amortization of intangible assets) of the Borrower and its Subsidiaries for such period, (iv) any other non-cash charges or losses of the Borrower and its
Subsidiaries for such period (including any non-cash losses resulting from the impairment of long-lived assets, goodwill or intangible assets) and (v) all transaction fees and expenses for acquisitions, investments, dispositions and equity or
debt offerings, minus (b) each of the following (i) all non-cash items of income or gain of the Borrower and its Subsidiaries which were included in determining such Consolidated Net Income for such period, and (ii) any cash payments
made during such period in respect of items described in clause (a)(iv) above subsequent to the Fiscal Quarter in which the relevant non-cash charges or losses were reflected as a charge in determining Consolidated Net Income. Consolidated EBITDA
shall be subject to the adjustments set forth in the following clauses (1) and (2) for all purposes under this Agreement: 

(1) If, since the beginning of the four Fiscal Quarter period ending on the date for which Consolidated EBITDA is determined,
the Borrower or any Subsidiary shall have made any disposition or acquisition of assets, shall have consolidated or merged with or into Person (other than a Subsidiary), or shall have made any disposition of Equity Interests or an acquisition of
Equity Interests, Consolidated EBITDA shall be calculated giving pro forma effect thereto as if the disposition, acquisition, consolidation or merger had occurred on the first day of such period. Such pro forma effect shall be determined (A) in
good faith by the chief financial officer, principal accounting officer or treasurer of the Borrower and (B) giving effect to any anticipated or proposed cost savings related to such disposition, acquisition, consolidation or merger, to the
extent approved by Administrative Agent, such approval not to be unreasonably withheld or delayed. 
 (2) Consolidated EBITDA
shall be increased by the amount of any applicable Material Project EBITDA Adjustments in respect of any Material Project of the Borrower and its Subsidiaries applicable to such period. 

Section 2.3. Consolidated Funded Indebtedness. The definition of “Consolidated Funded Indebtedness” in Article I of the
Original Agreement is hereby amended to delete the phrase “Propane Contingent Residual Support Agreement” in clause (B) and replace it with the phrase “Contingent Residual Support Agreements”. 

Section 2.4. Consolidated Interest Expense. The definition of “Consolidated Interest Expense” in Article I of the
Original Agreement is hereby amended to read as follows: 
 “Consolidated Interest Expense” means, for any
period, (a) all interest paid or accrued (that has resulted in a cash payment in the period or will result in a cash payment in future quarter(s)) during such period on, and all fees and related charges in respect of, Indebtedness which was
deducted in determining Consolidated Net Income during such period, after giving effect to all interest rate Hedging Contracts, and (b) all realized gains or losses in respect of interest rate Hedging Contracts. 

Section 2.5. Fee Letters. The definition of “Fee Letters” in Article I of the Original Agreement is hereby
amended by deleting clause (c) therefore and replacing it with “(c) the LC Fee Letter.” 

  
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 Section 2.6. LC Issuer. The definition of “LC Issuer” in Article I
of the Original Agreement is hereby amended to read as follows: 
 “LC Issuer” means each of Wells Fargo
Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, N.A. in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder, and one or more other Lenders selected by the Borrower
who agree to act as an issuer of Letters of Credit (and are approved by Administrative Agent in its reasonable discretion) by execution and delivery of a joinder to the LC Fee Letter. As used herein, the term “LC Issuer” shall mean
“each LC Issuer” or “the applicable LC Issuer,” as the context may require. 
 Section 2.7. Additional
Definitions. Article I of the Original Agreement is hereby amended to add the following definitions: 

“Contingent Obligor” has the meaning specified in the definition of “Contingent Residual Support
Agreements”. 
 “Contingent Residual Support Agreements” means (a) the Propane Contingent Residual
Support Agreement, (b) the Guarantee of Collection, dated as of April 30, 2013 by PEPL Holdings, LLC, a Delaware limited liability company, for the benefit of Regency Energy Partners LP, a Delaware limited partnership and Regency Energy
Finance Corp., a Delaware corporation and (c) any other similar agreement entered into by the Borrower or any of its subsidiaries (the “Contingent Obligor”), in which the Contingent Obligor agrees to provide contingent residual
support with respect to obligations (the “Original Obligation”) of another Person (the “Original Obligor”); provided that, the Contingent Obligor is required to make a payment pursuant to such agreement only
to the extent that the obligee on the Original Obligation cannot obtain repayment of the Original Obligation from the Original Obligor after exhausting all other remedies and recourse available to such obligee. 

“LC Fee Letter” means the letter agreement, dated October 5, 2012, among the Borrower and the LC Issuers,
as the same may be amended, supplemented, or otherwise modified from time to time. 
 “Original Obligation”
has the meaning specified in the definition of “Contingent Residual Support Agreements”. 
 “Original
Obligor” has the meaning specified in the definition of “Contingent Residual Support Agreements”. 
 Section 2.8.
Letter of Credit Expiration Date. Section 2.07(b) of the Original Agreement is hereby amended to read as follows: 

(b) the expiration date of such Letter of Credit is (i) prior to the Letter of Credit Expiration Date with respect to
Letters of Credit not to exceed an aggregate face amount of $50,000,000, and (ii) otherwise, prior to the earlier of (A) 365 days after the issuance thereof, provided that such Letter of Credit may provide for automatic extensions of such
expiration date (such Letter of Credit an “Auto-Extension Letter of Credit”) for additional periods of 365 days thereafter, and (B) the Letter of Credit Expiration Date; 

  
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 Section 2.9. Extension of Maturity Date; Replacement of Lenders. Section 2.18 of
the Original Agreement is amended to delete Sections 2.18(c), (d) , (e) and (f) and to add the following Sections 2.18(c), (d) and (e) in place thereof: 

(c) In the event a Notice of Extension is given to the Administrative Agent as provided in Section 2.18(a) and the
Administrative Agent notifies a Lender of the contents thereof, such Lender shall, on or before the day that is 15 days following the date of Administrative Agent’s receipt of said Notice of Extension, advise the Administrative Agent in writing
whether or not such Lender consents to the extension requested thereby and if any Lender fails so to advise the Administrative Agent, such Lender shall be deemed to have not consented to such extension. If the Majority Lenders so consent (the
“Consenting Lenders”) to such extension, which consent may be withheld in their sole and absolute discretion, the Maturity Date and the Commitments of the Consenting Lenders shall be automatically extended to the same date in the
year following the Existing Maturity Date (the “Extended Maturity Date”) and the Maturity Date as to any and all Lenders who have not consented (the “Non-Consenting Lenders”) shall remain as the Existing Maturity
Date, subject to Section 2.18(d). The Administrative Agent shall promptly notify the Borrower and all of the Lenders of each written notice of consent given pursuant to this Section 2.18(c). 

(d) The Borrower may replace any Non-Consenting Lender at any time on or before the Existing Maturity Date with an assignee
(including, for the avoidance of doubt, with a Consenting Lender) in accordance with and subject to Section 10.13 and Section 10.06, including consents required under Section 10.06, provided that such assignee has
consented to the extension of the Existing Maturity Date to the Extended Maturity Date then in effect, and upon such replacement, the Maturity Date with respect to the Loans and Commitments of such replacement Lender shall be the Extended Maturity
Date. 
 (e) If all of the Commitments of the Non-Consenting Lenders are not replaced on or before the Existing Maturity
Date, then the Commitments of each Non-Consenting Lender not so replaced shall terminate on the Existing Maturity Date, and the Borrower shall fully repay on the Existing Maturity Date the Loans (including, without limitation, all accrued and unpaid
interest and unpaid fees), if any, of such Non-Consenting Lenders, which shall reduce the aggregate Commitments accordingly. Following the Existing Maturity Date, the Non-Consenting Lenders shall have no further obligations under this Agreement,
including, without limitation, that such Non-Consenting Lenders shall have no obligation to purchase participations in Letters of Credit. 

  
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 Section 2.10. OFAC; Sanctions. Article V of the Original Agreement is amended to add
the following Section 5.14: 
 5.14 OFAC; Sanctions. 

(a) To the extent applicable, the Borrower and the Subsidiaries are in compliance in all material respects with (i) the
Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), and any other enabling legislation or executive order relating thereto,
and (ii) the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”). None of the Borrower or any Subsidiary, or to the knowledge of any such Person, any director or
officer of the Borrower or any Subsidiary, is subject to any sanctions administered by Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”). 

(b) No Loan, nor the proceeds from any Loan, has been used, directly or indirectly, to lend, contribute or provide for, or has
otherwise made available to, (i) fund any activity or business in a Designated Jurisdiction, that, at the time of the Credit Extension, is the subject of Sanctions or (ii) fund any activity or business of any Person located, organized or
residing in any Designated Jurisdiction, that, at the time of the Credit Extension, is the subject of Sanctions or (iii) in any other manner that will result in a violation by the Borrower or any of its Subsidiaries of Sanctions. As used in
this subsection (b), “Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any Sanctions, and “Sanctions” means international economic sanction
administered or enforced by OFAC, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

Section 2.11. Books, Financial Statements and Reports. Section 6.01(a) and (b) of the Original Agreement are hereby
amended to read as follows: 
 (a) As soon as available, and in any event within ninety (90) days after the end of each
Fiscal Year, complete Consolidated financial statements of the Borrower together with all notes thereto, prepared in reasonable detail in accordance with GAAP, together with an unqualified opinion relating to such financial statements, based on an
audit using generally accepted auditing standards, by independent certified public accountants selected by the General Partner and acceptable to the Administrative Agent, stating that such Consolidated financial statements have been so prepared;
provided, however, that at any time when the Borrower shall be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, delivery within the time period specified above of copies of the Annual Report on
Form 10-K of the Borrower for such Fiscal Year prepared in compliance with the requirements therefor and filed with the Commission shall be deemed to satisfy the requirements of this clause (a). Such financial statements shall set forth in
comparative form the corresponding figures for the preceding Fiscal Year. 
 (b) As soon as available, and in any event
within fifty (50) days after the end of each of the first three Fiscal Quarters of each Fiscal Year the Borrower’s Consolidated balance sheet as of the end of such Fiscal Quarter and the Borrower’s Consolidated statements of income,
partners’ capital and cash flows for such Fiscal Quarter (except in the case of the statement of cash flows) and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, all in reasonable detail and
prepared in accordance with GAAP, subject to changes resulting from normal year-end 

  
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adjustments and the absence of footnotes; provided, however, that at any time when the Borrower shall be subject to the reporting requirements of Section 13 or 15(d) of the
Exchange Act, delivery within the time period specified above of copies of the Quarterly Report on Form 10-Q of the Borrower for such Fiscal Quarter prepared in accordance with the requirements therefor and filed with the Commission shall be deemed
to satisfy the requirements of this clause (b) for any of the first three Fiscal Quarters of a Fiscal Year. Such financial statements shall set forth in comparative form the corresponding figures for the same period of the preceding Fiscal
Year. In addition the Borrower will, together with each such set of financial statements and each set of financial statements furnished under subsection (a) of this section, furnish a Compliance Certificate, signed on behalf of the Borrower by
the chief financial officer, principal accounting officer or treasurer of the General Partner, setting forth that such financial statements are accurate and complete in all material respects (subject, in the case of Fiscal Quarter-end statements, to
normal year-end adjustments and the absence of footnotes), stating that he has reviewed the Loan Documents, containing calculations showing compliance (or non-compliance) at the end of such Fiscal Quarter with
the requirements of Section 7.10, and stating that no Default exists at the end of such Fiscal Quarter or at the time of such certificate or specifying the nature and period of existence of any such Default. 

Section 2.12. Subsidiaries and Unrestricted Subsidiaries. Section 6.09(b) of the Original Agreement is hereby amended to read
as follows: 
 (b) The Borrower may designate any Subsidiary of the Borrower to be an Unrestricted Subsidiary,
provided that all Investments in such Subsidiary at the time of such designation shall be treated as Investments made on the date of such designation, and provided further that the Borrower may not make such designation unless
at the time of such action and immediately after giving effect thereto (i) no Default or Event of Default shall exist, (ii) all representations and warranties herein will be true and correct in all material respects (or in all respect, to
the extent that any such representation or warranty is qualified by materiality) if remade at the time of such designation, except to the extent such representations and warranties specifically refer to an earlier date, in which case they were true
and correct in all material respects (or in all respect, to the extent that any such representation or warranty is qualified by materiality) as of such earlier date, (iii) the Investment represented by such designation is permitted under
Section 7.06 and (iv) the Borrower has provided to the Administrative Agent an officer’s certificate in form satisfactory to the Administrative Agent to the effect that each of the foregoing conditions have been satisfied. 

Section 2.13. Transactions with Affiliates. Clause (d) of Section 7.08 of the Original Agreement is hereby amended to
delete the phrase “Propane Contingent Residual Support Agreement” and replace it with the phrase “Contingent Residual Support Agreements”. 

Section 2.14. Fundamental Changes. Section 7.03 of the Original Agreement is hereby amended to read as follows: 

7.03 Fundamental Changes. The Borrower will not merge into or consolidate with any other Person, or permit any other
Person to merge into or 

  
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consolidate with it, or sell, lease, transfer or otherwise dispose of (in one transaction or in a series of related transactions) all (or substantially all) of its assets in each case, whether
now owned or hereafter acquired); provided that if at the time thereof and immediately after giving effect thereto, no Event of Default shall have occurred and be continuing, any Person may merge or consolidate with or into the Borrower in a
transaction in which the surviving Person is (A) the Borrower or (B) another solvent Person organized or existing under the laws of the United States of America, any State thereof or the District of Columbia; provided that in the case of
this clause (B) (i) such Person expressly assumes every obligation and covenant of the Borrower under this Agreement and the Loan Documents, pursuant to an assumption agreement reasonably acceptable to the Administrative Agent;
(ii) the Borrower shall deliver to the Administrative Agent (x) a certificate of a Responsible Officer stating that the such transaction complies with this Section and (y) all documentation and other information in respect of the
surviving Person required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulation, including the Patriot Act that has been requested (provided that the Borrower and such surviving
Person shall have been given at least two (2) Business Days to comply with any such request). Upon any consolidation by the Borrower with, or merger into, any Person described in clause (B) above and satisfaction of the conditions
specified in this Section, such Person will succeed to, and be substituted for, the Borrower. 
 Section 2.15. Burdensome
Agreements. Clause (d) of Section 7.09 of the Original Agreement is hereby amended to read as follows: 
 (d)
customary restrictions and conditions contained in agreements relating to the purchase or sale of Equity Interests or assets pending such purchase or sale, 

Section 2.16. Replacement of Lenders. Clause (b) of Section 10.13 of the Original Agreement is amended to read as
follows: 
 (b) any Lender is a Non-Consenting Lender under Section 2.18 or is a Defaulting Lender, 

Section 2.17. ERISA Disclosure. Section 5.10 of Schedule 3 of the Original Agreement is hereby amended by deleting
“None.” and replacing it with the following: 
 All “accumulated funding deficiencies” (as defined in Section 412(a)
of the Code) and benefit obligations under the Sunoco, Inc. Retirement Plan (the “Plan”). As of January 1, 2013, the liabilities under the Plan were $803,071,741, while the fair value of Plan assets was $734,291,034. 

Section 2.18. Consent to Maturity Date Extension. Pursuant to Section 2.18 of the Original Agreement, the Borrower has
requested that each Lender extend the Maturity Date with respect to such Lender’s full Commitment and Facility Usage for one additional year. Accordingly, each Lender party to this First Amendment hereby consents to the extension of the
Maturity Date with respect to its full Commitment and Facility Usage for one additional year from October 27, 2016 to October 27, 2017, effective as of the date hereof. 

  
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 ARTICLE III. – Conditions of Effectiveness 

Section 3.1. This First Amendment shall become effective when the Administrative Agent shall have received from the Borrower and Lenders
constituting Majority Lenders counterparts (in such number as may be requested by the Administrative Agent) of this First Amendment signed on behalf of such Person. 

ARTICLE IV. – Representations and Warranties 

Section 4.1. Representations and Warranties. In order to induce the Administrative Agent and the Lenders to execute and deliver
this First Amendment, the Borrower represents and warrants to each Lender that: 
 (a) The representations and warranties contained in
Article V of the Original Agreement are true and correct in all material respects (or in all respect, to the extent that any such representation or warranty is qualified by materiality) at and as of the time of the effectiveness hereof, 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) The Borrower has duly taken all action necessary to authorize the execution and delivery by it of this First Amendment, the Borrower is
duly authorized to borrow monies under the Credit Agreement, and the Borrower is duly authorized to perform its obligations under the Credit Agreement. 

(c) The execution and delivery by the Borrower of this First Amendment, the performance by the Borrower of its obligations hereunder and the
consummation of the transactions contemplated hereby do not and will not conflict with any Law or organizational documents of any Restricted Person, or any material Contractual Obligation, judgment, license, order or permit applicable to or binding
upon any Restricted Person, or result in the creation of any Lien upon any assets or properties of any Restricted Person, except, in each case, as could not reasonably be expected to have a Material Adverse Effect. Except for those which have been
obtained or as expressly contemplated in the Loan Documents or disclosed in the Disclosure Schedule, no consent, approval, authorization or order of any Tribunal or third party is required in connection with the execution and delivery by the
Borrower of this First Amendment or the consummation by any Restricted Person of the transactions contemplated hereby. 
 (d) When duly
executed and delivered, this First Amendment will be a legal and binding obligation of the Borrower enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or similar Laws of general application relating to the
enforcement of creditors’ rights and by equitable principles of general application. 
 ARTICLE V. – Miscellaneous 

Section 5.1. Ratification of Agreements. The Original Agreement as hereby amended is hereby ratified and confirmed in all
respects. Any reference to the “Credit Agreement” in any Loan Document shall be deemed to be a reference to the Original Agreement as hereby amended. The execution, delivery and effectiveness of this First Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of Lenders or the 

  
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Administrative Agent under the Credit Agreement, the Notes, or any other Loan Document nor constitute a waiver of any provision of the Credit Agreement, the Notes or any other Loan Document. 

Section 5.2. Survival of Agreements. All representations, warranties, covenants and agreements of the Borrower herein shall
survive the execution and delivery of this First Amendment and the performance hereof, and shall further survive until all of the Obligations are paid in full. All statements and agreements contained in any certificate or instrument delivered by the
Borrower hereunder or under the Credit Agreement to the Administrative Agent or any Lender shall be deemed to constitute representations and warranties by, or agreements and covenants of, the Borrower under this First Amendment and under the Credit
Agreement. 
 Section 5.3. Loan Documents. This First Amendment is a Loan Document, and all provisions in the Credit Agreement
pertaining to Loan Documents apply hereto. 
 Section 5.4. Governing Law. This First Amendment shall be governed by and
construed in accordance with the laws applicable to the Credit Agreement. 
 Section 5.5. Counterparts. This First Amendment may
be separately executed in counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to constitute one and the same First Amendment. 

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

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

					
	ENERGY TRANSFER PARTNERS, L.P.
		
	By:	 	Energy Transfer Partners GP, L.P., its general partner
			
		 	By:	 	Energy Transfer Partners, L.L.C., its general partner
			
		 	By:	 	 /s/ Martin Salinas Jr.

		 	Name:	 	Martin Salinas Jr.
		 	Title:	 	Chief Financial Officer

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent,
	an LC Issuer, Swingline Lender and a Lender
		
	By:	 	 /s/ Larry Robinson

	Name:	 	Larry Robinson
	Title:	 	Director

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as an LC Issuer and a Lender 
		
	By:	 	 /s/ Adam H. Fey

	Name:	 	Adam H. Fey
	Title:	 	Director

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Stephanie Balette

	Name:	 	Stephanie Balette
	Title:	 	Authorized Officer

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
		
	By:	 	 /s/ Kevin Buddhdew

	Name:	 	Kevin Buddhdew
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Michael Spaight

	Name:	 	Michael Spaight
	Title:	 	Authorized Signatory

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	THE ROYAL BANK OF SCOTLAND PLC,
	as a Lender
		
	By:	 	 /s/ Brian J. Smith

	Name:	 	Brian J. Smith
	Title:	 	Authorized Signatory

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

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

	Name:	 	Lana Gifas
	Title:	 	Director
		
	By:	 	 /s/ Kenneth Chin

	Name:	 	Kenneth Chin
	Title:	 	Director

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Vanessa A. Kurbatskiy

	Name:	 	Vanessa A. Kurbatskiy
	Title:	 	Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Patrick Jeffrey

	Name:	 	Patrick Jeffrey
	Title:	 	Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

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

	Name:	 	Carmen Malizia
	Title:	 	Director

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

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

	Name:	 	Paul Farrell
	Title:	 	Director

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	 By:
	 	 /s/ Mark Lumpkin Jr.

	 Name:
	 	 Mark Lumpkin Jr.

	 Title:
	 	 Authorized Signatory

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ Mark Walton

	Name:	 	Mark Walton
	Title:	 	Authorized Signatory

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Blake Kirshman

	Name:	 	Blake Kirshman
	Title:	 	Senior Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Holly Kay

	Name:	 	Holly Kay
	Title:	 	Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Peter Kardos

	Name:	 	Peter Kardos
	Title:	 	Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ Kelly Chin

	Name:	 	Kelly Chin
	Title:	 	Authorized Signatory

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	DNB CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Colleen Durkin

	Name:	 	Colleen Durkin
	Title:	 	Senior Vice President
		
	By:	 	 /s/ Cathleen Buckley

	Name:	 	Cathleen Buckley
	Title:	 	Senior Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit Agreement 

 
			
	COMMUNITY TRUST BANK, as a Lender
		
	By:	 	 /s/ Ford W. Hall, Jr.

	Name:	 	Ford W. Hall, Jr.
	Title:	 	Executive Vice President

  
 Signature Page to First
Amendment to Second Amended and Restated Credit AgreementEX-10.20

 Exhibit 10.20 

`AIRCRAFT TIME SHARING AGREEMENT 

THIS AIRCRAFT TIME SHARING AGREEMENT (“Agreement”) is made and entered into this 8th day of October, 2013, by and between OCWEN
MORTGAGE SERVICING, INC., (“TIMESHAROR”), and ALTISOURCE RESIDENTIAL CORPORATION, (“TIMESHAREE”). 
 WITNESSETH: 

WHEREAS, TIMESHAROR is the operator of the aircraft listed on attached Schedule I (the “Aircraft”); and 

WHEREAS, TIMESHAREE desires use of the Aircraft; and 

WHEREAS, TIMESHAROR desires to make the Aircraft available to TIMESHAREE for the above operations on a time sharing basis in accordance with
§ 91.501 of the Federal Aviation Regulations (“FARs”). 
 NOW THEREFORE, in consideration of the mutual covenants herein set
forth, the parties agree as follows: 
 1. Provision of Aircraft. TIMESHAROR agrees to provide the Aircraft to TIMESHAREE on a time
sharing basis in accordance with the provisions of Sections 91.501(b)(6), 91.501(c)(1) and 91.501(d) of the FARs for the period commencing upon execution of this Agreement and continuing until terminated pursuant to Paragraph 15 below or by mutual
agreement of the parties. 
 2. Reimbursement of Expenses. For each flight conducted under this Agreement, TIMESHAREE shall pay
TIMESHAROR the amount billed by the TIMESHAROR which shall be an amount up to the sum of the expenses of operating such flight to the extent prescribed by FAR 91.501(d) i.e. the sum of the expenses set forth in subparagraphs
(a)-(j) below: 
  

	 	(a)	fuel, oil, lubricants and other additives; 

  

	 	(b)	travel expenses of the crew, including food, lodging and ground transportation; 

  

	 	(c)	hangar and tie-down costs away from the Aircraft’s base of operation; 

  

	 	(d)	insurance obtained for the specific flight; 

  

	 	(e)	landing fees, airport taxes and similar assessments; 

  

	 	(f)	customs, foreign permit and similar fees directly related to the flight; 

  

	 	(g)	in-flight food and beverages; 

  

	 	(h)	passenger ground transportation, if any; 

  

	 	(i)	flight planning and weather contract services; and 

  

	 	(j)	an additional charge equal to one hundred percent (100%) of the expenses listed in subparagraph (a) above. 

 3. Invoicing and Payment. All payments to be made to TIMESHAROR by TIMESHAREE hereunder
shall be paid in the manner set forth in this Paragraph 3. TIMESHAROR will pay to suppliers, employees, contractors and government entities all expenses related to the operations of the Aircraft hereunder in the ordinary course. As to each flight
operated hereunder, TIMESHAROR shall provide to TIMESHAREE an invoice for the charges specified in Paragraph 2 of this Agreement (plus domestic or international air transportation excise taxes, as applicable, imposed by the Internal Revenue Code and
collected by TIMESHAROR), such invoice to be issued as agreed to by the parties. TIMESHAREE shall pay TIMESHAROR the full amount of such invoice on terms agreeable to TIMESHAROR. All such invoices shall separately itemize the expenses in items
(a) through (j) for each flight included in that invoice. Delinquent payments to TIMESHAROR by TIMESHAREE hereunder may (at option of TIMESHAROR) bear interest at the rate of ten percent (10%) per annum from the agreed payment
date until the date of payment. 
 4. Flight Requests. TIMESHAREE will provide TIMESHAROR with flight requests and proposed flight
schedules as far in advance as possible. Flight requests shall be in a form, whether oral or written, mutually convenient to and agreed upon by the parties. In addition to proposed schedules and departure times, TIMESHAREE shall provide at least the
following information for each proposed flight reasonably in advance of the desired departure time as required by TIMESHAROR or its flight crew. 
  

	 	(a)	departure point; 

  

	 	(b)	destination; 

  

	 	(c)	date and time of flight; 

  

	 	(d)	number and identity of anticipated passengers; 

  

	 	(e)	nature and extent of luggage and/or cargo to be carried; 

  

	 	(f)	date and time of return flight, if any, and 

  

	 	(g)	any other information concerning the proposed flight that may be pertinent to or reasonably required by TIMESHAROR or its flight crew. 

5. Aircraft Scheduling. TIMESHAROR shall have final authority over all scheduling of the Aircraft, provided, however, that TIMESHAROR
will use reasonable efforts to accommodate TIMESHAREE’s requests. 
 6. Aircraft Maintenance. TIMESHAROR shall be solely
responsible for securing scheduled and unscheduled maintenance, preventive maintenance and required or otherwise necessary inspections of the Aircraft and shall take such requirements into account in scheduling the operation of the Aircraft.
Performance of maintenance, preventive maintenance or inspection shall not be delayed or postponed due to any scheduled operation of the Aircraft unless such maintenance or inspection can safely be conducted at a later time in compliance with the
sound discretion of the pilot-in-command. 

 7. Flight Crew. TIMESHAROR shall employ, pay for and provide a qualified flight crew for
all flight operations under this Agreement. 
 8. Operational Authority and Control. TIMESHAROR shall be responsible for the physical
and technical operation of the Aircraft and the safe performance of all flights and shall retain full authority and control, including exclusive operational control, and possession of the Aircraft at all times during the term of this Agreement. In
accordance with applicable FARs, the qualified flight crew provided by TIMESHAROR will exercise all required and/or appropriate duties and responsibilities in regard to the safety of each flight conducted hereunder. The pilot-in-command shall have
absolute discretion in all matters concerning the preparation of the Aircraft for flight and the flight itself, the load carried and its distribution, the decision whether or not a flight shall be undertaken, the route to be flown, the place where
landings shall be made and all other matters relating to operation of the Aircraft. TIMESHAREE specifically agrees that the flight crew shall have final and complete authority to delay or cancel any flight for any reason or condition which, in sole
judgment of the pilot-in-command, could compromise the safety of the flight and to take any other action which, in the sole judgment of the pilot-in-command, is necessitated by considerations of safety. No such action of the pilot-in-command shall
create or support any liability to TIMESHAREE or any other person for loss, injury, damages or delay. The parties further agree that TIMESHAROR shall not be liable for delay or failure to furnish the Aircraft and crew pursuant to this Agreement
which such failure is caused by government regulation or authority, mechanical difficulty or breakdown, war, civil commotion, strikes or labor disputes, weather conditions, acts of God or other circumstances beyond TIMESHAROR’s reasonable
control. 
 9. Insurance. 

    (a) TIMESHAROR will maintain or cause to be maintained in full force and effect, throughout the term of
this Agreement, aircraft liability insurance in respect to the Aircraft, naming TIMESHAREE as an additional insured, in an amount at least equal to $300,000,000 combined single limit for bodily injury to or death of persons (including passengers)
and property damage liability. Such insurance shall include: (i) provision for thirty (30) days’ prior written notice to TIMESHAREE before any lapse, alteration, termination or cancellation of insurance shall be effective as to
TIMESHAREE; (ii) provisions whereby the insurer(s) irrevocably and unconditionally waive all rights of subrogation which they may have or acquire against TIMESHAREE; and (iii) a cross-liability clause to the effect that such insurance,
except for the limits of liability, shall operate to give TIMESHAREE the same protection as if there were a separate policy issued to him. 

    (b) TIMESHAROR shall use its reasonable best efforts to procure such additional insurance coverage as
TIMESHAREE may reasonably request naming TIMESHAREE as an insured; provided, that the costs of such additional insurance shall be borne by TIMESHAREE pursuant to Paragraph 2(d) hereof. 

 10. Warranties. TIMESHAREE warrants that: 

    (a) it will use the Aircraft under this Agreement for its personal or business use, including the
carriage of his or its guests and will not use the Aircraft for purposes of providing transportation of passengers or cargo in air commerce for compensation or hire as an air carrier or commercial operator; 

    (b) it will not permit any lien, security interest or other charge or encumbrance to attach against the
Aircraft as a result of his actions or inactions and shall not convey, mortgage, assign, lease or in any way alienate the Aircraft or TIMESHAROR’s rights hereunder; and 

    (c) during the terms of this Agreement, it will abide by and conform to all laws, orders, rules and
regulations as are, from time to time, in effect and which relate in any way to the operation or use of the Aircraft under a time sharing arrangement. 

11. Base of Operations. For purposes of this Agreement, the base of operations of the Aircraft is Henry E. Rohlsen Airport, St Criox;
provided that such base may be changed permanently upon ten (10) business days’ prior written notice from TIMESHAROR to TIMESHAREE. 

12. Notices and Communications. All notices, requests, demands and other communications required or desired to be given hereunder shall
be in writing (except as permitted pursuant to Paragraph 4) and shall be deemed to be given: (i) if personally delivered, upon such delivery; (ii) if mailed by certified mail, return receipt requested, postage pre-paid, addressed as
follows (to the extent applicable for mailing), upon the earlier to occur of actual receipt, refusal to accept receipt or three (3) days after such mailing; (iii) if sent by regularly scheduled overnight delivery carrier with delivery fees
either prepaid or an arrangement, satisfactory with such carrier, made for the payment of such fees, addressed (to the extent applicable for overnight delivery) as follows, upon the earlier to occur of actual receipt or the next “Business
Day” (as hereafter defined) after being sent by such delivery; or (iv) upon actual receipt when sent by fax, mailgram, telegram or telex: 

If to TIMESHAROR: 
 OCWEN
MORTGAGE SERVICING, INC. 
 402 Strand Street 

Frederiksted, St.Croix 
 If to
TIMESHAREE: 
 ALTISOURCE RESIDENTIAL CORPORATION 

402 Strand Street 

Frederiksted, St.Croix 
 Notices given by other
means shall be deemed to be given only upon actual receipt. Addresses may be changed by written notice given as provided herein and signed by the party giving the notice. 

 13. Further Acts. TIMESHAROR and TIMESHAREE shall from time to time perform such other and
further acts and execute such other and further instruments as may be required by law or may be reasonably necessary to: (i) carry out the intent and purpose of this Agreement; and (ii) establish, maintain and protect the respective rights
and remedies of the other party. 
 14. Successors and Assigns. Neither this Agreement nor either party’s interest herein shall
be assignable by either party without the written consent of the other party thereto. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their heirs, representatives and successors. 

15. Termination. Either party may terminate this Agreement for any reason upon written notice to the other, such termination to become
effective ten (10) business days from the date of the notice; provided that this Agreement may be terminated on such shorter notice as may be required to comply with applicable laws, regulations or insurance requirements. 

16. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without
regard to any conflicts of law provisions or principles to the contrary. The parties agree that in the event of any dispute or controversy between the parties relating to this Agreement, the matter shall be submitted to arbitration for resolution,
which arbitration shall be conducted in the U.S. Virgin Islands, before one arbitrator, in accordance with the rules of the American Arbitration Association (commercial) then in effect. The decision of the arbitrator shall be binding on all parties,
and judgment upon award or arbitration rendered by the arbitrator may be entered in any court having jurisdiction. The arbitrator shall limit its judgment to the matters submitted to it under the express terms of this Agreement. The expense of the
arbitrator shall be born equally among the parties to the dispute, and the arbitrator shall identify which parties are so obligated should there be a dispute as to same. For any matter arising under this Agreement, the parties hereto consent to
jurisdiction in the federal or state courts in the state of New York. The parties hereby further consent and agree to the exercise of such personal jurisdiction over them by such courts with respect to any such proceedings, waive any objection to
the assertion or exercise of such jurisdiction and consent to process being served in any such proceedings in the manner provided for the giving of notices in Paragraph 12. 

17. Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining provisions shall not be affected or impaired. 
 18. Amendment or Modification. This Agreement
constitutes the entire agreement between the parties with respect to the subject matter hereof and it is not intended to confer upon any person or entity any rights or remedies hereunder which are not expressly granted herein. This Agreement may be
amended or supplemented only by a writing signed by the party against whom such amendment or supplement is sought to be enforced. 

 19. TRUTH IN LEASING STATEMENT PURSUANT TO SECTION 91.23 OF THE FEDERAL AVIATION REGULATIONS.

     (a) TIMESHAROR CERTIFIES THAT THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE 12-MONTH
PERIOD PRECEDING THE DATE OF THIS AGREEMENT IN ACCORDANCE WITH THE PROVISIONS OF PART 91 OF THE FEDERAL AVIATION REGULATIONS AND THAT ALL APPLICABLE REQUIREMENTS FOR THE AIRCRAFT’S MAINTENANCE AND INSPECTION THEREUNDER HAVE BEEN MET AND ARE
VALID FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT. 
     (b) TIMESHAROR, WHOSE ADDRESS
APPEARS IN PARAGRAPH 12 ABOVE AND WHOSE AUTHORIZED SIGNATURE APPEARS BELOW, AGREES, CERTIFIES AND ACKNOWLEDGES THAT WHENEVER THE AIRCRAFT IS OPERATED UNDER THIS AGREEMENT, TIMESHAROR SHALL BE KNOWN AS, CONSIDERED AND SHALL IN FACT BE THE OPERATOR OF
THE AIRCRAFT AND THAT TIMESHAROR UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS. 

TIMESHAROR: OCWEN MORTGAGE SERVICING, INC. 
  

					
		 	By:	 	                                      
                              

					
		 	Name:	 	

					
		 	Title:	 	

     (c) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT
FEDERAL AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. TIMESHAROR FURTHER CERTIFIES THAT IT WILL SEND, OR CAUSE TO BE SENT, A TRUE COPY OF THIS AGREEMENT TO, FEDERAL
AVIATION ADMINISTRATION, AIRCRAFT REGISTRATIONS BRANCH, ATTN. TECHNICAL SECTION, P.O. BOX 25724, OKLAHOMA CITY, OKLAHOMA 73125, WITHIN 24 HOURS AFTER ITS EXECUTION, AS REQUIRED BY SECTION 91.23(c)(1) OF THE FEDERAL AVIATION REGULATIONS. 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the date
first above written. The persons signing below warrant their authority to sign. 
  

									
	TIMESHAROR:	  		 	TIMESHAREE:
	OCWEN MORTGAGE SERVICING, INC.	  		 	ALTISOURCE RESIDENTIAL CORPORATION
					
	By:	  	 /s/ Timothy Hayes
	  		 	By:	 	 /s/ Stephen H. Gray

					
	Name:	  	Timothy Hayes	  		 	Name:	 	Stephen H. Gray
					
	Title:	  	Executive Vice President and General Counsel	  		 	Title:	 	General Counsel and Secretary
			
	402 Strand Street	  		 	402 Strand Street
	Frederiksted, St. Croix	  		 	Frederiksted, St. Croix

 SCHEDULE I 

 

					
	Astra SPX	  	s/n 086	  	Registration N880GP

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