Document:

TSO3Q2014-EX.4.6

Exhibit 4.6

        
        
        
FOURTH SUPPLEMENTAL INDENTURE 
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 8, 2014 among Tesoro Alaska Pipeline Company LLC (the “Guaranteeing Subsidiary”), Tesoro Logistics LP, a Delaware limited partnership (“TLLP”), Tesoro Logistics Finance Corp., a Delaware corporation (together with TLLP, the “Issuers”), and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”). 
WITNESSETH 
WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of September 14, 2012 providing for the issuance of 5.875% Senior Notes due 2020 (the “Notes”); 
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
l. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary acknowledges that it has received and reviewed a copy of the Indenture and all other documents it deems necessary to review in order to enter into this Supplemental Indenture, and acknowledges and agrees to (i) join and become a party to the Indenture as indicated by its signature below; (ii) be bound by the Indenture, as of the date hereof, as if made by, and with respect to, each signatory hereto; and (iii) perform all obligations and duties required of a Guarantor pursuant to the Indenture. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture, including, but not limited to, Article 10 thereof. 
3. EXECUTION AND DELIVERY. The Guaranteeing Subsidiary agrees that the Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 
4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuers or any Guaranteeing Subsidiary under the Notes,

 any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
5. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE. 
6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmissions shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuers. 
9. BENEFITS ACKNOWLEDGED. The Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to its Note Guarantee are knowingly made in contemplation of such benefits. 
10. SUCCESSORS. All agreements of the Guaranteeing Subsidiary in this Supplemental Indenture shall bind its Successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
GUARANTEEING SUBSIDIARY:
TESORO ALASKA PIPELINE COMPANY LLC
By: Tesoro Logistics Pipelines LLC, its sole member
By: Tesoro Logistics Operations LLC, its sole member
By: Tesoro Logistics LP, its sole member
By: Tesoro Logistics GP, LLC, its general partner

By:    /s/ PHILLIP M. ANDERSON                             
Name:  Phillip M. Anderson
Title:    President 

ISSUERS:

TESORO LOGISTICS LP
By:     Tesoro Logistics GP, LLP, its general partner

By:     /s/ PHILLIP M. ANDERSON                             
Name:  Phillip M. Anderson
Title:    President 

TESORO LOGISTICS FINANCE CORP.

                        
By:     /s/ PHILLIP M. ANDERSON                             
Name:  Phillip M. Anderson
Title:    President

TRUSTEE:

U.S. BANK NATIONAL ASSOCIATION, as Trustee

By:    /s/ JAMES KOWALSKI                                     
Authorized SignatoryEX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 TO 

SENIOR MANAGEMENT AGREEMENT 

THIS AMENDMENT NO. 2 TO SENIOR MANAGEMENT AGREEMENT (this “Amendment”), dated as of September 15, 2014, is made by and
among Capella Holdings, Inc., a Delaware corporation (the “Company”), Capella Healthcare, Inc., a Delaware corporation (“Employer”), and Daniel S. Slipkovich (“Executive”), and GTCR Fund VIII, L.P.,
a Delaware limited partnership (the “Majority Holder”). 
 RECITALS 

WHEREAS, the Company, Employer and Executive entered into a Senior Management Agreement, dated as of May 4, 2005, and an Amendment
No. 1. to the Senior Management Agreement, dated of May 12, 2006 (collectively, the “Senior Management Agreement”); and 

WHEREAS, the Company, Employer, Executive and the Majority Holder desire to amend the Senior Management Agreement as set forth herein pursuant
to Section 11(k) of the Senior Management Agreement; 
 NOW, THEREFORE, in consideration of the foregoing recitals, which shall
constitute a part of this Amendment, and the mutual promises contained in this Amendment, and intending to be legally bound thereby, the parties agree as follows: 

1.    Amendment to Section 3(j). Section 3(j) of the Senior Management Agreement is hereby deleted in its
entirety and replaced with the following provision: 
 “If Executive’s employment is terminated for any reason other than a
termination by the Company with Cause, then within 180 days after such termination, Executive shall have the right to require the Company to repurchase up to 6,347,275 shares of the Company’s Common Stock (the “Put Stock”) then
held by Executive by delivering a written notice to the Company (the “Put Notice”) at the Fair Market Value of such shares as of the date of the Put Notice, subject to the terms of this paragraph. The closing of the purchase of the
Executive Securities pursuant to the Put Notice (the “Put Closing”) shall take place on the date designated by the Company, which date shall not be more than ninety days nor less than 5 days after the delivery of the Put Notice by
Executive. At the Put Closing, Executive shall deliver to the Company certificates representing all of the outstanding Put Stock to be repurchased by the Company free and clear of all liens and encumbrances and duly endorsed in blank or accompanied
by duly executed forms of assignment (with signatures guaranteed), and the Company will pay for the Put Stock to be purchased by it pursuant to this paragraph by (1) first, offsetting amounts 

 
outstanding under any bona fide debts owed by Executive to the Company and (2) second, paying the remainder (if any) of the purchase price by a check or wire transfer of funds. The Company
will be entitled to receive customary representations and warranties from Executive regarding such sale. Notwithstanding anything to the contrary contained in this Agreement, all repurchases of Put Stock by the Company pursuant to this paragraph
shall be subject to applicable restrictions contained in the Delaware General Corporation Law or such other governing corporate law, and in the Company’s and its Subsidiaries’ debt and equity financing agreements. In furtherance of the
foregoing, if any such restrictions prohibit (i) the repurchase of Put Stock hereunder which the Company is otherwise required to make or (ii) dividends or other transfers of funds from one or more Subsidiaries to the Company to enable any
such repurchases, then the Company shall make such repurchases as soon as it is permitted to do so under such restrictions.” 

2.    Amendment to Section 6(a)(i). Section 6(a)(i) of the Senior Management Agreement is hereby deleted
in its entirety and replaced with the following provision: 
 “Effective as of March 1, 2014 and during the Employment Period,
Executive shall serve as the Executive Chairman and Founder of the Company and shall have the normal duties, responsibilities and authority implied by such position, including, without limitation, the duties, responsibilities and authority assigned
or delegated by the Board or the Chief Executive Officer, subject to the power of the Board to expand or limit such duties, responsibilities and authority.” 

3.    Amendment to Section 6(a)(ii). Section 6(a)(ii) of the Senior Management Agreement is hereby
deleted in its entirety and replaced with the following provision: 
 “Executive shall report to the Board and Executive shall devote
his best efforts to the business and affairs of the Company, Employer and the Subsidiaries. Executive shall devote business time of approximately 70% of full time to the Company, Employer and the Subsidiaries.” 

4.    Amendment to Section 6(b). The first two sentences of Section 6(b) of the Senior Management
Agreement is hereby deleted in its entirety and replaced with the following sentence: 
 “Effective as of March 2, 2014 and during
the Employment Period, Employer will pay Executive a base salary of $450,000 per annum or such other higher rate as the Board may determine from time to 

  
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time (the “Annual Base Salary”), which salary shall be payable by Employer in regular installments in accordance with Employer’s general payroll practices (in effect from
time to time). In addition to the Annual Base Salary, Executive shall be eligible for an annual base bonus (the “Annual Bonus”) following the end of each fiscal year of the Company during the Employment Period commencing with fiscal
year 2014 of up to 75% of the Annual Base Salary, as determined by the Board in its sole discretion; provided that 65% of such 75% shall be determined by the Board based upon achievement by the Company, Employer and their Subsidiaries of
EBITDA goals established by the Board (or the Compensation Committee established by the Board) and 10% of such 75% shall be determined by the Board based upon achievement by the Company, Employer and their Subsidiaries of quality and service-related
goals and objectives established by the Board (or the Compensation Committee established by the Board).” 

5.    Amendment to Section 6(e). In Section 6(e) of the Senior Management Agreement the phrase
“one-year period” is hereby deleted in its entirety and replaced with the phrase “eighteen-month period”. 

6.    Ratification. All other paragraphs, provisions, and clauses in the Senior Management Agreement not so
modified remain in full force and effect as originally written. 
 7.    Defined Terms. Certain capitalized terms
not defined herein shall have the meanings given to such terms in the Senior Management Agreement. 

8.    Counterparts. This Amendment may be executed in one or more counterparts, each of which is an original, but
all of which together constitute one and the same instrument. Any counterpart may be executed by facsimile signature and such facsimile signature shall be deemed an original. 

9.    Governing Law; Binding Agreement. All questions concerning the construction, validity, enforcement and
interpretation of this Amendment shall be governed by the internal law of the State of Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdictions) that would
cause the application of the laws of any jurisdictions other than the State of Delaware. 

*        *        *       
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first
above written. 
  

			
	CAPELLA HOLDINGS, INC.
		
	By:	 	/s/ Michael A. Wiechart
	Name:	 	Michael A. Wiechart
	Its:	 	President and Chief Executive Officer

  

			
	CAPELLA HEALTHCARE, INC.
		
	By:	 	/s/ Michael A. Wiechart
	Name:	 	Michael A. Wiechart
	Its:	 	President and Chief Executive Officer

  

	
	
	 /s/ Daniel S. Slipkovich

	Daniel S. Slipkovich

 Agreed and Accepted by: 
  

			
	GTCR FUND VIII, L.P., as Majority Holder
		
	By:	 	GTCR Partners VIII, L.P.
	Its:	 	General Partner
		
	By:	 	GTCR Golder Rauner II, L.L.C.
	Its:	 	General Partner
		
	By:	 	/s/ David Donnini
	Name:	 	David Donnini
	Its:	 	Principal

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