Document:

EX-10.4

 Exhibit 10.4 

AMENDMENT NO. 1 
 TO

 SECOND AMENDED AND RESTATED GAS GATHERING AGREEMENT 

This Amendment No. 1 to Second Amended and Restated Gas Gathering Agreement (this “Amendment”) is effective as of
January 1, 2021 (the “Amendment Effective Date”), and is by and between Hess Trading Corporation, a Delaware corporation (“Shipper”), and Hess North Dakota Pipelines LLC, a Delaware limited liability company
(“Gatherer”). Shipper and Gatherer are sometimes hereinafter referred to individually as a “Party” and collectively as the “Parties.” 

WHEREAS, the Parties entered into that certain Second Amended and Restated Gas Gathering Agreement, dated effective as of January 1, 2014
(the “Agreement”), pursuant to which Gatherer agreed to provide to Shipper certain gathering services with respect to hydrocarbons owned or controlled by Shipper; 

WHEREAS, the Parties desire to amend the Agreement to reflect certain agreements of the Parties as set forth herein; and 

WHEREAS, Section 19.7 of the Agreement provides that the Agreement may not be amended, modified, varied or supplemented except by an
instrument in writing signed by both Parties. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained, the Parties agree as follows. 
 AGREEMENT 

Section 1. Defined Terms. Capitalized terms used in this Amendment and not otherwise defined herein will have the meanings given
such terms in the Agreement. 
 Section 2. Addition of Section 3.6 of the Agreement. A new Section 3.6
is hereby added to the Agreement as follows: 
 “Section 3.6     Third Party Facilities. Except for
situations of Force Majeure, or as may be required by necessary repairs, maintenance, anticipated curtailments, or outages on the Gathering System as a whole or any Subsystem or facilities downstream of the Gathering System or any Subsystem, or as
otherwise agreed by the Parties, Gatherer shall not utilize or substitute any Gas gathering or compression facilities other than the Gathering System for performance of the System Services under this Agreement, and then only with notice to Shipper
as soon as reasonably practical.” 
 Section 3. Amendments to Section 7.1(e) of the Agreement.
Section 7.1(e) to the Agreement is hereby amended and restated in its entirety as follows: 
 “(e)    (x) at
any time on or prior to January 15th of each Year, either Party may make an election to have the then-currently agreed Fees recalculated with respect to such Year (a “Recalculation
Election”); provided, that, prior to the date such Recalculation Election is 

 
made, the Parties shall have agreed upon an Updated Development Plan for such Year or the Parties shall have been unable to agree upon an Updated Development Plan for such Year, and
(y) Shipper shall have the right, in accordance with Section 4.4(a)(i), to make a temporary Recalculation Election with respect to the remainder of the current Year. Upon a Recalculation Election being made pursuant to
this Section 7.1(e), the Fees will be recalculated based upon such then-currently agreed Development Plan. Any such recalculation shall be based on the model attached hereto as Exhibit G-2, which takes into account: 
 (i)    (A) the aggregate
Tariff Volumes contained in a Dedicated Production Estimate that have actually been delivered by Shipper into the Receipt Points, in each case, prior to such Year during the Term applicable to the relevant Subsystem, and (B) with respect to
Recalculation Elections related to the Fees for Year 2019 and thereafter, the aggregate Third Party Volumes contained in a Third Party Volume Estimate that have actually been delivered by Shipper into the Receipt Points, in each case, prior to such
Year during the Term applicable to the relevant Subsystem; provided, however, that such Tariff Volumes and Third Party Volumes, in the aggregate, shall not, for purposes of the recalculation (1) exceed the applicable Dedicated Production
Estimates for such Years as contained in the applicable Development Plans or (2) be deemed to be lower than the applicable MVC for such Years as contained in the applicable Development Plans; 

(ii)    any Committed Build-Out Costs actually incurred by Gatherer
prior to such Year during the Term applicable to the relevant Subsystem, regardless whether or not such amounts are less than, equal to or greater than the applicable Committed Build-Out Estimates for such
Years; 
 (iii)    the Committed Build-Out Estimates contained in
the then-current System Budget for the current and future Years; 
 (iv)    with respect to Maintenance
Capital Expenditures to be included in the tariff model for periods prior to January 1, 2021, the Maintenance Capital Estimates for such Years of the Term as contained in the System Budgets applicable to such Years; 

(v)    with respect to Maintenance Capital Expenditures incurred from and after January 1, 2021 only,
any Maintenance Capital Expenditures actually incurred by Gatherer from and after such date during the Term applicable to the relevant Subsystem, regardless whether or not such amounts are less than, equal to or greater than the applicable
Maintenance Capital Estimates for such Years; 
 (vi)    the Maintenance Capital Estimates contained in
the then-current System Budget for the current and future Years; 
 (vii)    with respect to operating
expenses to be included in the tariff model for periods prior to January 1, 2021, the Operating Expense Estimates for such Years of the Term as contained in the System Budgets applicable to such Years; 

 (viii)    with respect to operating expenses incurred
from and after January 1, 2021 only, any operating expenses actually incurred by Gatherer from and after such date during the Term applicable to the relevant Subsystem, regardless whether or not such amounts are less than, equal to or greater
than the applicable Operating Expense Estimates for such Years; 
 (ix)    the Operating Expense
Estimates contained in the then-current System Budget for the current and future Years; 
 (x)    the
Historical Capital Expenditures; 
 (xi)    the System Production Estimates; 

(xii)    the then-current Return on Capital; 

(xiii)    subject to the terms of Exhibit G-2, all (or, as
applicable, only the applicable portion thereof that is necessary in order for Gatherer to provide the System Services contemplated by the applicable Development Plan and System Plan, as such portion is agreed by Gatherer and Shipper at the time of
the applicable System Acquisition) System Acquisition Costs actually incurred by Gatherer or its Affiliates prior to such Year during the Term applicable to the relevant Subsystem, regardless whether or not such amounts are less than, equal to or
greater than the applicable System Acquisition Costs Estimates for such Years; 
 (xiv)    subject to the
terms of Exhibit G-2, all (or, as applicable, only the applicable portion thereof that is necessary in order for Gatherer to provide the System Services contemplated by the applicable Development Plan
and System Plan, as such portion is agreed by Gatherer and Shipper at the time of the applicable System Acquisition) System Acquisition Costs Estimates contained in the then-current System Budget for the current and future Years; and 

(xv)    the percentage change, from the preceding Year, in the Consumer Price Index as published by the
Department of Labor, in the subsection titled “Consumer Price Index for All Urban Consumers” (such index, the “CPI”). For purposes of any Recalculation Election and notwithstanding anything in the foregoing to the
contrary, (A) no increase or decrease to any Fee resulting solely from a CPI adjustment shall exceed 3.0% for any given Year, and (B) no Fee shall ever be decreased as a result of any applicable CPI percentage change below the original
amount of such Fee as set forth in Exhibit G-1 to the Original Agreement for Year 2014.” 

Section 4. Amendments to Appendix II. The definition of “CPI” set forth in Appendix II to the Agreement is hereby
amended and restated in its entirety as follows: 
 ““CPI” has the meaning given such term in
Section 7.1(e)(xv).” 
 Section 5. Amendments to Exhibit
G-2. Exhibit G-2 to the Agreement is hereby amended as follows: 

(a)    The first bullet under the “Redetermination Methodology” heading on Exhibit G-2 is hereby amended and restated in its entirety with the following: 
 “● The enumerated
items in Section 7.1(e)(i) through (xv).” 

 (b)    The fourth bullet under the “Redetermination
Methodology” heading on Exhibit G-2 is hereby deleted in its entirety and the following two bullets are hereby inserted in its place: 

“● Operating Expense Estimates based upon the latest updated Gathering System Plan for the applicable Year and subsequent Years.
With respect to the impact of any operating expenses on any Recalculation Elections and the Fees resulting therefrom, for periods (a) prior to January 1, 2021, such Years’ operating expenses will not be
trued-up to actuals, and (b) from and after January 1, 2021, the operating expenses incurred from and after January 1, 2021 will be trued up to actuals as described in
Section 7.1(e)(viii). 
 ● Maintenance Capital Estimates based upon the latest updated Gathering System Plan
for the applicable Year and subsequent Years. With respect to the impact of any Maintenance Capital Expenditures on Recalculation Elections and the Fees resulting therefrom, for periods (a) prior to January 1, 2021, such prior Years’
Maintenance Capital Expenditures will not be trued-up to actuals, and (b) from and after January 1, 2021, the Maintenance Capital Expenditures incurred from and after January 1, 2021 will be
trued up to actuals as described in Section 7.1(e)(v).” 
 Section 6. Ratification. Except as
specifically provided in this Amendment, all terms and provisions of the Agreement shall remain unchanged and in full force and effect, and the Agreement, as modified by this Amendment, is hereby ratified, acknowledged and reaffirmed by the Parties.
Each reference in the Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or any other word or words of similar import shall mean and be a reference to the Agreement as amended hereby. 

Section 7. Application of Certain Provisions. The provisions of Sections 19.1, 19.2, 19.3, 19.4, 19.6, 19.7, 19.8, 19.9, 19.10,
19.11 and 19.13 of the Agreement shall apply mutatis mutandis to this Amendment. 
 [Signature page follows.] 

 IN WITNESS WHEREOF, the Parties have executed this Amendment as of the day and year first
above written, but effective for all purposes as of the Amendment Effective Date. 
  

			
	GATHERER:
	
	HESS NORTH DAKOTA PIPELINES LLC
		
	By:	 	 /s/ John Gatling

	Name:	 	John Gatling
	Title:	 	Vice President, Midstream
	
	SHIPPER:
	
	HESS TRADING CORPORATION
		
	By:	 	 /s/ Steven A. Villas

	Name:	 	Steven A. Villas
	Title:	 	President

  

  
 Signature Page to
Amendment No. 1 to Second Amended and Restated Gas Gathering AgreementSpecimen Unit Certificate

 Exhibit 4.1 

NUMBER UNITS 
 U- 

SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP [●] 
 FORTRESS VALUE
ACQUISITION CORP. III 
 UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-FIFTH
OF ONE 
 REDEEMABLE WARRANT TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 

THIS CERTIFIES THAT                     
is the owner of                      Units. 

Each Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share
(“Common Stock”), of Fortress Value Acquisition Corp. III, a Delaware corporation (the “Company”), and one-fifth (1/5) of one redeemable warrant (each whole
warrant, a “Warrant”). Only whole Warrants are exercisable. Each whole Warrant entitles the holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each
Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or
more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the
date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Common Stock and Warrants comprising the
Units represented by this certificate will begin separate trading on             , 2021, unless Deutsche Bank Securities Inc. and BofA Securities, Inc. elect to allow separate trading
earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross
proceeds of its initial public offering and issuing a press release announcing when such earlier separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed by a Warrant
Agreement, dated as of             , 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions
contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York
10004, and are available to any Warrant holder on written request and without cost. 
 Upon the consummation of the Business Combination,
the Units represented by this certificate will automatically separate into shares of Common Stock and Warrants comprising such Units. 

This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company. 

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York. 

Witness the facsimile signature of its duly authorized officers. 
  

					
	  
	 		 	  

	Secretary	 		 	Chief Financial Officer

 FORTRESS VALUE ACQUISITION CORP. III 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

															
	TEN COM	  	–	  	as tenants in common	  	UNIF GIFT MIN ACT	  	–	  	  
	  	Custodian	  	  

	TEN ENT	  	–	  	as tenants by the entireties	  		  		  	(Cust)	  		  	 (Minor)

						
	JT TEN	  	–	  	 as joint tenants with
 right of
survivorship
 and not as tenants in
 common
	  		  		  	under Uniform Gifts to Minors Act
		  		  		  		  	  

		  		  		  		  	(State)
		  		  		  		  		  		  	

 Additional abbreviations may also be used though not in the above list. 

For value received,                  hereby sell, assign and transfer unto
                     
 PLEASE INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  

	
	  

	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	
	  

	
	  

	
	                    Units represented by the within Certificate, and do hereby irrevocably constitute and
appoint
	
	                Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the
premises.

  

							
	Dated	 		 	  

		 		 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

  

	
	Signature(s) Guaranteed:
	  

	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO
S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).

  
 2 

 In each case, as more fully described in the Company’s final prospectus dated
            , 2021, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account
established in connection with its initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in its initial public offering and liquidates because it does not consummate an initial Business
Combination by the date set forth in the Company’s amended and restated certificate of incorporation, (ii) the Company redeems the shares of Common Stock sold in its initial public offering in connection with a stockholder vote to amend
the Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem 100%
of the Common Stock if it does not consummate an initial Business Combination by the date set forth in the Company’s amended and restated certificate of incorporation or (B) with respect to any other provision relating to the rights of
holders of the Common stock or pre-initial Business Combination activity or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Common Stock in connection with a tender
offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial Business Combination) setting forth the details of a proposed initial Business Combination. In no other circumstances shall the
holder(s) have any right or interest of any kind in or to the trust account. 

  
 3

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