Document:

hesm-ex1016_743.htm

Exhibit 10.16

FIRST AMENDMENT TO THE
OMNIBUS AGREEMENT

This FIRST AMENDMENT (this “Amendment”) to the Omnibus Agreement (the “Omnibus Agreement”) by and among HESS CORPORATION, a Delaware corporation (“Hess”), on behalf of itself and the other Hess Entities, HESS INFRASTRUCTURE PARTNERS LP, a Delaware limited partnership (“HIP LP”), HESS INFRASTRUCTURE PARTNERS GP LLC, a Delaware limited liability company (“HIP GP”), HESS MIDSTREAM PARTNERS LP, a Delaware limited partnership (the “Partnership”), HESS TGP GP LLC, a Delaware limited liability company, HESS TGP OPERATIONS LP, a Delaware limited partnership (“HTGP Opco”), HESS NORTH DAKOTA EXPORT LOGISTICS GP LLC, a Delaware limited liability company, HESS NORTH DAKOTA EXPORT LOGISTICS OPERATIONS LP, a Delaware limited partnership (“Logistics Opco”), HESS NORTH DAKOTA PIPELINES OPERATIONS LP, a Delaware limited partnership (“Gathering Opco”), HESS NORTH DAKOTA PIPELINES GP LLC, a Delaware limited liability company (“Gathering GP”), HESS MIDSTREAM PARTNERS GP LP, a Delaware limited partnership and the general partner of the Partnership (the “MLP GP LP”), and HESS MIDSTREAM PARTNERS GP LLC, a Delaware limited liability company and the general partner of MLP GP LP (“MLP GP LLC” and, together with the MLP GP LP, the “General Partner”) is dated as of the 7th day of March, 2019. 

WHEREAS, the Effective Date of the Omnibus Agreement was April 10, 2017; and

WHEREAS, the Parties seek to amend the Omnibus Agreement to provide the Public Company Group a right of first offer on certain assets newly acquired by HIP LP.

NOW THEREFORE, for and in consideration of the forgoing, the mutual covenants, terms and conditions of the Omnibus Agreement, as amended by this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

	
1.
	
Unless otherwise noted, the capitalized terms used herein shall have the definitions set forth in the Omnibus Agreement. 

 

	
2.
	
Schedule III to the Omnibus Agreement is hereby deleted in its entirety and replaced in its entirety with the Schedule III attached as Exhibit A hereto. 

 

	
3.
	
This Amendment shall be effective as of March 7, 2019. 

 

	
4.
	
Except as expressly set forth herein, all other terms and conditions of the Omnibus Agreement shall remain in full force and effect. 

 

[Signature Pages Follow]

 

 

 

IN WITNESS WHEREOF, the Parties hereto have duly executed this Amendment as of the date first written above.

		
	
HESS CORPORATION

 

	
By:
	
/s/ Timothy B. Goodell

	
Name:
	
Timothy B. Goodell

	
Title:
	
Senior Vice President & General Counsel

 

 

 

		
	
HESS MIDSTREAM PARTNERS LP

 

	
By:
	
Hess Midstream Partners GP LP, 
its general partner

 

	
 
	
By:  Hess Midstream Partners GP LLC, its general partner

	
 
	
 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Chief Operating Officer

 

 

 

		
	
HESS TGP GP LLC

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Vice President

 

 

 

			
	
HESS TGP OPERATIONS LP

 
	
	
By:
	
Hess TGP GP LLC, its general partner 

 

	
By:
	
/s/ John A. Gatling
	
	
Name:
	
John A. Gatling
	
	
Title:
	
Vice President
	

 

Signature page to First Amendment to HESM Omnibus Agreement

 

 

		
	
HESS NORTH DAKOTA EXPORT LOGISTICS GP LLC

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Vice President

 

 

 

			
	
HESS NORTH DAKOTA EXPORT LOGISTICS OPERATIONS LP

 

	
By:
	
Hess North Dakota Export Logistics GP LLC, its general partner

 
	
	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Vice President

 

 

 

		
	
HESS NORTH DAKOTA PIPELINES GP LLC

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Vice President

 

 

 

			
	
HESS NORTH DAKOTA PIPELINES OPERATIONS LP

 

	
By:
	
Hess North Dakota Pipelines GP LLC, its general partner

 
	
	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Vice President

Signature page to First Amendment to HESM Omnibus Agreement

 

 

 

		
	
HESS MIDSTREAM PARTNERS GP LP

 

	
By:
	
Hess Midstream Partners GP LLC, 
its general partner

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Chief Operating Officer

 

		
	

HESS MIDSTREAM PARTNERS GP LLC

 

 

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Chief Operating Officer

 

		
	

HESS INFRASTRUCTURE PARTNERS GP LLC

 

 

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Chief Operating Officer

 

		
	
HESS INFRASTRUCTURE PARTNERS LP

 

	
By:
	
Hess Infrastructure Partners GP LLC, 
its general partner

 

	
By:
	
/s/ John A. Gatling

	
Name:
	
John A. Gatling

	
Title:
	
Chief Operating Officer

 

Signature page to First Amendment to HESM Omnibus Agreement

 

 

 

 

Signature page to First Amendment to HESM Omnibus Agreement

 

 

Exhibit A

Schedule III

 

[see attached]

 

 

Exhibit A 

 

Schedule III
ROFO Assets

		
	
ROFO Asset
	
Owner

	
Retained interest in Hess TGP Operations LP.  HIP LP’s 80% economic interest and 49% voting interest in Hess TGP Operations LP. 
	
Hess Infrastructure Partners LP

	
Retained interest in Hess North Dakota Export Logistics Operations LP.  HIP LP’s 80% economic interest and 49% voting interest in Hess North Dakota Export Logistics Operations LP.
	
Hess Infrastructure Partners LP

	
Retained interest in Hess North Dakota Pipelines Operations LP.  HIP LP’s 80% economic interest and 49% voting interest in Hess North Dakota Pipelines Operations LP.
	
Hess Infrastructure Partners LP

	
100% of the issued and outstanding membership interests of Hess Water Services Holdings LLC.  
	
Hess Infrastructure Partners LPExhibit

Exhibit 10.16

RECEIVABLES FINANCING AGREEMENT AMENDMENT NO. 4

This Receivables Financing Agreement Amendment No. 4 (this “Amendment”), dated as of August 23, 2018, among DAVEY RECEIVABLES LLC, an Ohio limited liability company, as Borrower (together with its successors and assigns, the “Borrower”); THE DAVEY TREE EXPERT COMPANY, an Ohio corporation, in its individual capacity (“Davey Tree”) and as initial Servicer (in such capacity, together with its successors and assigns in such capacity, the “Servicer”); PNC BANK, NATIONAL ASSOCIATION, as LC Bank (in such capacity, together with its successors and assigns in such capacity, the “LC Bank”); and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as Administrative Agent (in such capacity together with its successors and assigns in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Servicer, the LC Bank, and the Administrative Agent are party to that certain Receivables Financing Agreement dated as of May 9, 2016 (as amended prior to the date hereof, the “Financing Agreement”).

WHEREAS, the Borrower, the Servicer, the LC Bank, and the Administrative Agent hereby agree to make certain amendments to the Financing Agreement pursuant to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged by the parties, the Borrower, the Servicer, the LC Bank, and the Administrative Agent hereto agree as follows:

SECTION 1.  DEFINITIONS. Capitalized terms not otherwise defined herein shall have the meanings given to them in the Financing Agreement.

SECTION 2.  AGGREGATE  COMMITMENT  INCREASE.  The Borrower  hereby requests that the Aggregate Facility Limit Increase become effective on the date on which the conditions to this Amendment are satisfied (the “Aggregate Facility Limit Increase Date”), and after giving effect to such requested Aggregate Facility Limit Increase, the Commitment of the LC Bank shall be $70,000,000.

The requested Aggregate Facility Limit Increase shall be effective on the Aggregate Facility Limit Increase Date. On the Aggregate Facility Limit Increase Date, the Borrower hereby agrees to pay to the LC Bank a fee equal to the amount set forth in the Fee Letter dated as of the date hereof.

SECTION 3.  AMENDMENTS.

		
	(a)
	Schedule II of the Financing Agreement is hereby amended and restated in its entirety and as so amended and restated shall read as set forth on Schedule II attached hereto.

		
	(b)
	Schedule IV of the Financing Agreement is hereby amended and restated in its entirety and as so amended and restated shall read as set forth on Schedule IV attached hereto.

SECTION 4.  CONSENT REGARDING RECEIVABLES PURCHASE AGREEMENT. Each of the Borrower, Davey Tree, in its capacity as an Originator and the Administrative Agent hereby consent, as of the date hereof, to the amendment and restatement of Exhibit E to the Receivables Purchase Agreement in the form of Exhibit E attached hereto.

SECTION 5.  REPRESENTATIONS  OF  THE  BORROWER  AND  THE  SERVICER.  Each of the Borrower and the Servicer hereby represent and warrant to the parties hereto that as of the date hereof each of the representations and warranties contained in Article VII of the Financing Agreement and any other Transaction Documents to which it is a party are true and correct as of the date hereof and after giving effect to this Amendment (except to the extent that such representations and warranties expressly refer to an earlier date, in which case they are true and correct as of such earlier date).

SECTION 6. CONDITIONS PRECEDENT. This  Amendment  and  the  Aggregate  Facility Limit Increase shall become effective and be deemed effective as of the date first written above upon the satisfaction of the following conditions precedent:

		
	(a)
	the Administrative Agent shall have received a fully executed counterpart of this Amendment;

		
	(b)
	the Administrative Agent shall have received a fully executed counterpart of that certain Fee Letter dated as of the date hereof, and all fees due thereunder;

		
	(c)
	all expenses referred to in Section 3.11 of the Financing Agreement shall have been paid to the extent invoiced;

		
	(d)
	each representation and warranty of the Borrower and the Servicer contained herein or in any other Transaction Document (after giving effect to this Amendment) shall be true and correct (except to the extent that such representations and warranties expressly refer to an earlier date, in which case they are true and correct as of such earlier date); and

(f)  no Unmatured Event of Default or Event of  Default shall have occurred and be continuing.

SECTION 7. POST-CLOSING COVENANT. Within 30 days of the date hereof (as such date may be extended by the Administrative Agent in its sole discretion), the Borrower shall have delivered to the Administrative Agent fully executed counterparts of that certain Deposit Account Control Agreement with Wells Fargo Bank, National Association, as depositary bank, in form and substance satisfactory to the Administrative Agent.

SECTION 8. COUNTERPARTS. This Amendment may be executed by the  parties  in  separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.

SECTION 9. SEVERABILITY. Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

SECTION 10. GOVERNING LAW AND JURISDICTION. The provisions of the Financing Agreement with respect to governing law, jurisdiction, and agent for service of process are incorporated in this Amendment by reference as if such provisions were set forth herein.

SECTION 11. MISCELLANEOUS. For the avoidance of doubt, this Amendment  shall constitute a Transaction Document.

[Signatures appear on following page.]

IN WITNESS WHEREOF, the parties hereto have each caused this Amendment to be duly executed by their respective duly authorized officers as of the day and year first above written.

	
				
	DAVEY RECEIVABLES LLC

	 
	 
	 
	 

	By:
	/s/ Christopher J. Bast

	 
	Name:
	Christopher J. Bast
	 

	 
	Title:
	Treasurer
	 

	 
	 
	 
	 

	 
	 
	 
	 

	THE DAVEY TREE EXPERT COMPANY,

	as the Servicer and an Originator

	 
	 
	 
	 

	By:
	/s/ Christopher J. Bast

	 
	Name:
	Christopher J. Bast
	 

	 
	Title:
	Treasurer
	 

	
				
	PNC BANK, NATIONAL ASSOCIATION

	as Administrative Agent

	 
	 
	 
	 

	By:
	/s/ Michael Brown

	 
	Name:
	Michael Brown

	 
	Title:
	Senior Vice President

	 
	 
	 
	 

	 
	 
	 
	 

	PNC BANK, NATIONAL ASSOCIATION,

	as LC Bank

	 
	 
	 
	 

	By:
	/s/ Michael Brown

	 
	Name:
	Michael Brown
	 

	 
	Title:
	Senior Vice President

SCHEDULE II

LOCK-BOXES, COLLECTION ACCOUNTS AND COLLECTION ACCOUNT BANKS

	
		
	LOCKBOXES

	KeyBank National Association
	 

	KeyBank National Association
	 

	
		
	COLLECTION ACCOUNT

	KeyBank National Association
	 

	Wells Fargo Bank, National Association
	 

SCHEDULE IV  
EXCLUDED RECEIVABLES
Any Receivable originated by Davey Resource Group, Inc., an Ohio corporation.1 

		
	1 
	The Administrative Agent shall receive an opinion regarding true sale and non-consolidation matters with respect to Davey Resource Group, Inc. prior to any of its Receivables being included as a “Receivable” under the Transaction Documents.

EXHIBIT E
EXCLUDED RECEIVABLES
None.

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