Document:

Unassociated Document

 

September 1st, 2011

 

Mr. John Ellis

2869 Great Smokey Ct.

Westlake Village, CA 91362

Dear John:

 

On behalf of Webxu, Inc. (the “Company”), this letter agreement (the “Agreement”) sets forth the terms and conditions of your employment with the Company.

 

1.           Position.  Beginning on the Employment Date, you will be employed by the Company full time as its President and COO (“President”) and will report to the Chairman and Chief Executive Officer (“CEO”). Beginning on the Employment Date, you will be expected to devote your full working time and attention to the business of the Company, and you will not render services to any other business without the prior approval of the CEO or, directly or indirectly, engage or participate in any business that is competitive in any manner with the business of the Company.  Your duties shall include (1) managing overall P&L for Webxu along with CFO, (2) managing personnel and management across all Webxu properties/ companies, (3) operational deployment of 'synergy' programs company-wide for: HR, Finance (with CFO), Marketing/Sales, Technology, (4) preparation and presentation of materials and news for company shareholders and investors and the board, and (5) any new initiatives that come as a result of the company's performance or lack thereof that fall under the above listed items. Notwithstanding the foregoing, you may serve as a member of a board of directors for another corporation, provided, however, that you agree (i) you will not serve on a board of directors of a corporation competitive with the Company, (ii) such service will not interfere with your duties as President (as reasonably determined by the CEO) and (iii) if such service does interfere with your duties as President, you will immediately resign as President.  You will also be expected to comply with and be bound by the Company’s operating policies, procedures and practices that are from time to time in effect during the term of your employment.

 

2.           Compensation and Benefits.  Your annual base salary will be Two Hundred Thousand Dollars ($200,000.00), payable in accordance with the Company’s normal payroll practices, less any payroll deductions and withholdings as are required by law. In fiscal year 2012 and future years, you will be eligible to receive a target bonus amount, less any payroll deductions and withholdings as are required by law, of Twenty Thousand ($20,000.00) based upon the achievement of twenty percent (20%) annual organic EBITDA growth, excluding any growth from making acquisitions of companies and other revenue producing assets.  You will be eligible for three weeks vacation/paid time off, as well as (to the extent offered by the Company) health insurance, and other benefits on terms no less favorable than those offered to other senior executives of the Company.

  

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3.           Stock Option.

 

(a)           Initial Grant: In connection with the commencement of your employment, the Company will grant you an option under the Company’s Stock Option/Stock Issuance Plan to purchase Five Hundred Thousand (500,000) shares of the Company’s Common Stock (the “Option”).  The Option will have an exercise price of $1.00 per share, and, subject to Section 5 below, will vest as to thirty-three percent (33%) after 365 days following the Employment Date, and 2.792% per month thereafter, so long as you remain employed by the Company. The terms of this grant and the standard conditions of vesting will be described in a separate letter from the Board of Directors. In the event of a Change of Control (as defined below) of the Company (or its successor), upon the closing of such Change of Control, if such Change of Control occurs within six (6) months of your employment date, then 50% of your then unvested Initial Grant shares shall be accelerated and shall immediately become vested; if such Change of Control occurs within one (1) year of your employment date, then 100% of your then unvested Initial Grant shares shall be accelerated and shall immediately become vested. The Option will be subject to the terms and conditions of the Company’s Stock Option/Stock Issuance Plan and the Stock Option Agreement governing the Option.  All of your options will have a cashless exercise feature.

 

(b)           Performance Grant: In fiscal years 2012, 2013, 2014 and 2015, you will be eligible to receive an annual target bonus grant of options to purchase One Hundred Twenty Five Thousand (125,000) shares of the Company’s Common Stock each year at an exercise price based on the fair market value of the Company’s common stock on the date of the grant, based upon the achievement each year of twenty percent (20%) annual organic EBITDA growth, excluding growth from making acquisitions of companies and other revenue producing assets.  In the event of a Change of Control (as defined below) of the Company (or its successor), upon the closing of such Change of Control, all performance shares previously earned as of the date of Change of Control shall become vested.  All of your options will have a cashless exercise feature.

 

4.           Termination and Employment.  Your employment by the Company will commence on the Employment Date and is expected to continue for a term of at least four (4) years, but is “at will” and may be terminated by the Company or by you at any time, for any reason or for no reason.  Upon termination of your employment with the Company for any reason, you will receive payment for all unpaid salary and vacation accrued as of the date of your termination of employment, and your benefits will be continued under the Company’s then existing benefit plans and policies for so long as provided under the terms of such plans and policies and as required by applicable law.

(a)           Additionally, in the event your employment is terminated either by the Company for any reason other than “Cause” (as defined below) or by you within fifteen (15) days of an event constituting “Good Reason” (as defined below), and you sign a waiver and release of claims against the Company substantially in the form attached hereto as Exhibit B and related entities and individuals in a form to be provided by the Company and return any Company property you then hold, you will receive (less any withholdings or deductions required by law and following the expiration of any applicable revocation periods) continued payment of your base salary pursuant to the Company’s regular payroll practices for three (3) months following the termination of your employment.

 

  

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(b)           For purposes of this Agreement, “Cause” means your (i) failure to substantially perform, or negligence in the performance of, your duties after the CEO has provided you written notice of and sixty (60) days to cure such failure; (ii) commission of any act of fraud, gross misconduct or dishonesty which has an adverse impact on the Company; (iii) conviction of, or plea of guilty or “no contest” to, a felony or a crime involving moral turpitude; provided, however, that upon your indictment for a felony, regardless of when such indictment or felony occurs, the Company in its sole discretion may place you on a paid leave of absence during which you will not vest in any stock options, including the Option, or other Company equity awards; or (iv) material breach of any proprietary information and inventions agreement with the Company, including the Proprietary Material Agreement.

 

(c)           For purposes of this Agreement, “Change in Control” means either of the following transactions to which the Company is a party:  (a) the sale, lease, conveyance or other disposition of all or substantially all of the Company's assets to any person, entity or group of persons acting in concert other than in the ordinary course of business; or (b) any transaction or series of related transactions (as a result of a tender offer, merger, consolidation or otherwise) that results in any Person (as defined in Section 13(h)(8)(E) under the Securities Exchange Act of 1934) becoming the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of 80% or more of the aggregate voting power of all classes of equity of the Company.  

 

(d)           For purposes of this Agreement, “Good Reason” means any of the following events, taken following your provision of notice to the CEO that you intend to terminate your employment based on such event and the CEO’s failure to cure such event within thirty (30) days of receipt of such notice:  (i) a change in your title of President and COO of the Company or a material reduction in your duties or responsibilities that is inconsistent with your position; (ii) a requirement by the Company that you relocate your principal office to a facility more than seventy-five (75) miles from your then current location; or (iii) a material reduction in your annual base salary (other than in connection with a general decrease in the salary of all similarly situated employees of the Company).

 

5.           Resignation as Director.  Coinciding with your Employment Date, you will resign as a Director of the Company and forego any compensation scheduled in association with the director role in the company.  You will also agree to terminate the Director Offer Letter dated as of July 1, 2011.

 

6.           Employee Invention Assignment and Confidentiality Agreement.  You will sign the Company’s standard form of proprietary material and confidentiality agreement, a copy of which is attached to this letter as Exhibit A.  Nothing in this Agreement alters the terms and conditions of that proprietary material and confidentiality agreement.

 

7.           Arbitration.

 

(a)           Any claim, dispute or controversy arising out of this Agreement, the interpretation, validity or enforceability of this Agreement or the alleged breach thereof shall be submitted by the parties to binding arbitration by a sole arbitrator under the rules of the American Arbitration Association; provided, however, that (i) the arbitrator shall have no authority to make any ruling or judgment that would confer any rights with respect to the trade secrets, confidential and proprietary information or other intellectual property of the Company upon the Executive or any third party; and (ii) this arbitration provision shall not preclude the Company from seeking legal and equitable relief from any court having jurisdiction with respect to any disputes or claims relating to or arising out of the misuse or misappropriation of the Company’s intellectual property.  Judgment may be entered on the award of the arbitrator in any court having jurisdiction.

 

  

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(b)           The site of the arbitration proceeding shall be in Los Angeles County, California.

 

8.           Miscellaneous.

 

(a)           Due Diligence.  This offer is contingent upon the Company's successful verification of your criminal, education, and employment background.  This offer can be rescinded based upon data received in the verification.

 

(b)           Absence of Conflicts.  You represent that your performance of your duties under this Agreement will not breach any other agreement as to which you are a party.

 

(c)           Successors.  This Agreement is binding on and may be enforced by the Company and its successors and assigns and is binding on and may be enforced by you and your heirs and legal representatives.  Any successor to the Company or substantially all of its business (whether by purchase, merger, consolidation or otherwise) will in advance assume in writing and be bound by all of the Company's obligations under this Agreement.

 

(d)           Notices.  Notices under this agreement must be in writing and will be deemed to have been given when personally delivered or two days after mailed by U.S. registered or certified mail, return receipt requested and postage prepaid.  Mailed notices to you will be addressed to you at the home address which you have most recently communicated to the Company in writing.  Notices to the Company will be addressed to the Chairman of the Board at the Company's corporate headquarters.

 

(e)           Waiver.  No provision of this Agreement will be modified or waived except in writing signed by you and an officer of the Company duly authorized by its Board.  No waiver by either party of any breach of this Agreement by the other party will be considered a waiver of any other breach of this Agreement.

 

(f)           Severability.  In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision.

 

(g)           Entire Agreement.  This Agreement, including the Proprietary Material Agreement and attached exhibits, if any, represents the entire agreement between the parties concerning the subject matter of your employment by the Company.

 

(h)           Governing Law.  This Agreement will be governed by the laws of the State of California without reference to conflict of laws provisions.

 

Remainder of page intentionally left blank.

 

  

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Please sign and date this Agreement, and return it to me by September 9th, 2011, if you wish to accept employment at the Company under the terms described above.  If you accept our offer, we would like you to start no later than the earlier of the date the Company secures a minimum financing commitment of Two Million Dollars ($2,000,000) or October 15th, 2011, with the date you begin full time employment being referred to herein as the “Employment Date.”  Please be advised that this offer of employment is contingent upon successful completion of a final reference evaluation by the Company.

 

	 	 
Best regards,

	 	 
	 	 
/s/ Matt Hill

Matt Hill, Chief Executive Officer

 

Accepted:

 

September 9 , 2011

 

/s/ John Ellis                                                                

John Ellis

  

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Exhibit A

 Employee Invention Assignment and Confidentiality Agreement

 

  

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Exhibit B

Waiver and Release of Claims

 

You hereby release and waive any other claims you may have against Company and its owners, agents, officers, shareholders, employees, directors, attorneys, subscribers, subsidiaries, affiliates, successors and assigns (collectively "Releases"), whether known or not known, including, without limitation, claims under any employment laws, including, but not limited to, claims of unlawful discharge, breach of contract, breach of the covenant of good faith and fair dealing, fraud, violation of public policy, defamation, physical injury, emotional distress, claims for additional compensation or benefits arising out of your employment or your separation of employment, claims under Title VII of the 1964 Civil Rights Act, as amended, the California Fair Employment and Housing Act and any other laws and/or regulations relating to employment or employment discrimination, including, without limitation, claims based on age or under the Age Discrimination in Employment Act or Older Workers Benefit Protection Act.  By signing below, you expressly waive any benefits of Section 1542 of the Civil Code of the State of California, which provides as follows:

 

"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."Exhibit 10.1

 

FOURTH AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (hereinafter called this “Amendment”) is dated as of October 5, 2011, by and among BREITBURN OPERATING L.P., a Delaware limited partnership (the “Company”), BREITBURN ENERGY PARTNERS L.P., as Parent Guarantor (“Parent”), BreitBurn GP, LLC (the “Parent GP”), BreitBurn Operating GP, LLC (the “General Partner”) the Subsidiaries of the Parent and/or the Company, as guarantors (the “Subsidiary Guarantors”, and together with the Parent, the Parent GP, and the General Partner, the “Guarantors”), the Lenders (defined below), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity “Administrative Agent”).  Capitalized terms used in this Amendment, and not otherwise defined in this Amendment, have the meanings assigned thereto in the Credit Agreement defined below.

 

WITNESSETH:

WHEREAS, the Company, the Guarantors, Administrative Agent, Issuing Lender and the Lenders have entered into that certain Second Amended and Restated Credit Agreement dated as of May 7, 2010 as amended by that certain First Amendment to Second Amended and Restated Credit Agreement and Consent and First Amendment to Security Agreement dated as of September 17, 2010, that certain Second Amendment to Second Amended and Restated Credit Agreement dated as of May 9, 2011, and that certain Third Amendment to Second Amended and Restated Credit Agreement dated as of August 3, 2011 (as further amended, modified or restated from time to time, the “Credit Agreement”), whereby upon the terms and conditions therein stated the Lenders have agreed to make certain loans to the Company upon the terms and conditions set forth therein; and

WHEREAS, the Company has requested that the Lenders amend the Credit Agreement as set forth below; and

WHEREAS, subject to the terms hereof, the undersigned Lenders are willing to agree to the amendments to the Credit Agreement as set forth herein.

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties to this Amendment hereby agree as follows:

SECTION 1.        Amendment to Credit Agreement.  Effective as of the Amendment Effective Date, Section 6.12 of the Credit Agreement is hereby amended by deleting “300,000 Mcf” and replacing it with “1,000,000 Mcf”.

SECTION 2.        Guarantor Confirmation.

(a)           The Guarantors hereby consent and agree to this Amendment and each of the transactions contemplated thereby and hereby.

 

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(b)           The Company and each of the Guarantors ratifies and confirms the debts, duties, obligations, liabilities, rights, titles, pledges, grants of security interests, liens, powers, and privileges existing by virtue of the Loan Documents to which it is a party.

(c)           The Company and each of the Guarantors agrees that the guarantees, pledges, grants of security interests and other obligations, and the terms of each of the Security Agreements and Guaranties to which it is a party, are not impaired, released, diminished or reduced in any manner whatsoever and shall continue to be in full force and effect and shall continue to secure all Obligations.

(d)           The Company and each of the Guarantors acknowledges and agrees that all terms, provisions, and conditions of the Loan Documents to which it is a party (as amended by this Amendment) shall continue in full force and effect and shall remain enforceable and binding in accordance with their respective terms.

SECTION 3.       Conditions of Effectiveness.  This Agreement and the amendments and consent shall become effective as of the date first set forth above (the “Amendment Effective Date”), provided that the following conditions shall have been satisfied:

(a)          Amendment. The Administrative Agent shall have received a counterpart of this Amendment which shall have been executed by the Administrative Agent, the Majority Lenders, the Company, and the Guarantors (which may be by telecopy or PDF transmission).

(b)          No Default; Representations and Warranties; No Material Adverse Effect. As of the Amendment Effective Date:

(i) the representations and warranties of the Company and the Guarantors in Article VI of the Credit Agreement and in the other Loan Documents as amended hereby shall be true and correct in all material respects (except to the extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that the representations and warranties contained in Sections (a) and (b) of Section 6.14 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01 of the Credit Agreement);

(ii) no Default or Event of Default shall exist; and

(iii) since December 31, 2010, there shall have been no event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect.

 

(c)           Payment of Fees.  Evidence of payment by the Company of all accrued and unpaid fees, costs and expenses owed pursuant to this Amendment to the extent then due and payable on the Amendment Effective Date.

(d)           Additional Documents. Such other documents, in form and substance satisfactory to Administrative Agent, as the Administrative Agent may reasonably request.

SECTION 4.       Representations and Warranties.  Each of the Company and the Parent represents and warrants to Administrative Agent and the Lenders, with full knowledge that such Persons are relying on the following representations and warranties in executing this Amendment, as follows:

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(a)           It has the organizational power and authority to execute, deliver and perform this Amendment, and all organizational action on the part of it requisite for the due execution, delivery and performance of this Amendment has been duly and effectively taken.

(b)           The Credit Agreement, as amended by this Amendment, the Loan Documents and each and every other document executed and delivered to the Administrative Agent and the Lenders in connection with this Amendment to which it is a party constitute the legal, valid and binding obligations of it, to the extent it is a party thereto, enforceable against such Person in accordance with their respective terms except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

(c)           This Amendment does not and will not violate any provisions of any of the Organization Documents of the Company.

(d)           No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Amendment.

(e)           After giving effect to this Amendment no Default or Event of Default will exist, and all of the representations and warranties contained in the Credit Agreement and all instruments and documents executed pursuant thereto are true and correct in all material respects on and as of this date (except to the extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date).

SECTION 5.        Reference to and Effect on the Credit Agreement.

(a)           Upon the effectiveness hereof, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, shall mean and be a reference to the Credit Agreement as amended hereby.

 

(b)           Except as specifically amended by this Amendment, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed.

 

SECTION 6.       Costs and Expenses.  The Company agrees to pay all reasonable legal fees and expenses incurred by Administrative Agent in connection with the preparation, execution and delivery of this Amendment.

 

SECTION 7.       Extent of Amendments.  Except as otherwise expressly provided herein, the Credit Agreement and the other Loan Documents are not amended, modified or affected by this Amendment.  Each of the Company and the Parent hereby ratifies and confirms that (i) except as expressly amended hereby, all of the terms, conditions, covenants, representations, warranties and all other provisions of the Credit Agreement remain in full force and effect, (ii) each of the other Loan Documents are and remain in full force and effect in accordance with their respective terms, and (iii) the Collateral and the Liens on the Collateral securing the Obligations are unimpaired by this Amendment and remain in full force and effect.

 

SECTION 8.       Loan Documents. The Loan Documents, as such may be amended in accordance herewith, are and remain legal, valid and binding obligations of the parties thereto, enforceable in accordance with their respective terms.  This Amendment is a Loan Document.

 

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SECTION 9.       Claims. As additional consideration to the execution, delivery, and performance of this Amendment by the parties hereto and to induce Administrative Agent and Lenders to enter into this Amendment, each of the Company and the Parent represents and warrants that, as of the date hereof, it does not know of any defenses, counterclaims or rights of setoff to the payment of any Indebtedness of the Company or the Parent to Administrative Agent, Issuing Lender or any Lender.

 

SECTION 10.     Execution and Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument.  Delivery of an executed counterpart of this Amendment by facsimile or pdf shall be equally as effective as delivery of a manually executed counterpart.

 

SECTION 11.     Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York and applicable federal laws of the United States of America.

 

SECTION 12.     Headings.  Section headings in this Amendment are included herein for convenience and reference only and shall not constitute a part of this Amendment for any other purpose.

 

SECTION 13.    NO ORAL AGREEMENTS.  THE RIGHTS AND OBLIGATIONS OF EACH OF THE PARTIES TO THE LOAN DOCUMENTS SHALL BE DETERMINED SOLELY FROM WRITTEN AGREEMENTS, DOCUMENTS, AND INSTRUMENTS, AND ANY PRIOR ORAL AGREEMENTS BETWEEN SUCH PARTIES ARE SUPERSEDED BY AND MERGED INTO SUCH WRITINGS.  THIS AMENDMENT AND THE OTHER WRITTEN LOAN DOCUMENTS EXECUTED BY THE COMPANY, THE GUARANTORS, ADMINISTRATIVE AGENT, ISSUING LENDER AND/OR LENDERS REPRESENT THE FINAL AGREEMENT BETWEEN SUCH PARTIES, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BY SUCH PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN SUCH PARTIES.

 

SECTION 14.     No Waiver.  Each of the Company and the Parent hereby agrees that no Event of Default and no Default has been waived or remedied by the execution of this Amendment by the Administrative Agent or any Lender.  Nothing contained in this Amendment nor any past indulgence by the Administrative Agent, Issuing Lender or any Lender, nor any other action or inaction on behalf of the Administrative Agent, Issuing Lender or any Lender, (i) shall constitute or be deemed to constitute a waiver of any Defaults or Events of Default which may exist under the Credit Agreement or the other Loan Documents, or (ii) shall constitute or be deemed to constitute an election of remedies by the Administrative Agent, Issuing Lender or any Lender, or a waiver of any of the rights or remedies of the Administrative Agent, Issuing Lender or any Lender provided in the Credit Agreement, the other Loan Documents, or otherwise afforded at law or in equity.

 

[Signature Pages Follow]

 

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

	  	
THE COMPANY:

	  
	  	  	  	  
	  	
BREITBURN OPERATING L.P.,

	  
	  	
a Delaware limited Partnership

	  
	  	  	  	  
	  	
By: BREITBURN OPERATING GP, LLC, its general partner

	  
	  	  	  	  
	  	
By:

	
/s/ Randall H. Breitenbach

	  
	  	
Name:

	
Randall H. Breitenbach

	  
	  	
Title:

	
President

	  
	  	  	  	  
	  	
PARENT:

	  	  
	  	  	  	  
	  	
BREITBURN ENERGY PARTNERS L.P.,

	  
	  	
a Delaware limited partnership,

	  
	  	  	  	  
	  	
By:  BREITBURN GP, LLC, its general partner

	  
	  	  	  	  
	  	
By:

	
/s/ Randall H. Breitenbach

	  
	  	
Name:

	
Randall H. Breitenbach

	  
	  	
Title:

	
President

	  
	  	  	  	  
	  	
PARENT GP:

	  
	  	  	  	  
	  	
BREITBURN GP, LLC,

	  
	  	
a Delaware limited partnership,

	  
	  	  	  	  
	  	
By:

	
/s/ Randall H. Breitenbach

	  
	  	
Name:

	
Randall H. Breitenbach

	  
	  	
Title:

	
President

	  
	  	  	  	  
	  	
GENERAL PARTNER:

	  
	  	  	  	  
	  	
BREITBURN OPERATING GP, LLC,

	  
	  	
a Delaware limited partnership,

	  
	  	  	  	  
	  	
By:

	
/s/ Randall H. Breitenbach

	  
	  	
Name:

	
Randall H. Breitenbach

	  
	  	
Title:

	
President

	  

 

Signature Page to Fourth Amendment

 

  

  

  

 

	  	
SUBSIDIARY GUARANTORS:

	  
	  	  	  	  
	  	
BREITBURN FINANCE CORPORATION

	  
	  	
a Delaware corporation

	  
	  	  	  	  
	  	
By:

	
/s/ Randall H. Breitenbach

	  
	  	
Name:

	
Randall H. Breitenbach

	  
	  	
Title:

	
Co-Chief Executive Officer

	  
	  	  	  	  
	  	
BREITBURN MANAGEMENT COMPANY, LLC

	  
	  	
a Delaware limited liability company

	  
	  	  	  	  
	  	
By:

	
/s/ Randall H. Breitenbach

	  
	  	  	
Randall H. Breitenbach

	  
	  	  	
President

	  
	  	  	  	  
	  	
ALAMITOS COMPANY,

	  
	  	
a California corporation

	  
	  	  	  	  
	  	
By:

	
 /s/ Randall H. Breitenbach

	  
	  	  	
Randall H. Breitenbach

	  
	  	  	
Co-President

	  
	  	  	  	  
	  	
BREITBURN FLORIDA LLC,

	  
	  	
a Delaware limited liability company

	  
	  	  	  	  
	  	
By:

	
BreitBurn Operating L.P.,

	  
	  	  	
its sole member

	  

 

	  	  	
By:

	
BreitBurn Operating GP, LLC

	  	  	  	
its general partner

	  	  	  	  
	  	  	
By:

	
 /s/ Randall H. Breitenbach

	  	  	
Name:

	
Randall H. Breitenbach

	  	  	
Title:

	
President

	  	  	  	  
	  	
BREITBURN FULTON LLC,

	  	
a Delaware limited liability company

	  	  	  	  
	  	
By:

	
/s/ Bruce D. McFarland

	  	  	
Bruce D. McFarland

	  	  	
Secretary

 

Signature Page to Fourth Amendment

 

  

  

  

 

	  	
BEAVER CREEK PIPELINE, L.L.C.,

	  	
a Michigan limited liability company,

	  	  	  
	  	
GTG PIPELINE LLC, a Virginia limited liability company,

	  	  	  
	  	
MERCURY MICHIGAN COMPANY, LLC,

	  	
a Michigan limited liability company,

	  	  	  
	  	
TERRA ENERGY COMPANY LLC,

	  	
a Michigan limited liability company, and

	  	  	  
	  	
TERRA PIPELINE COMPANY LLC,

	  	
a Michigan limited liability company

	  	  	  
	  	  	  
	  	
Each by:  

	
/s/ Randall H. Breitenbach

	  	
Name:

	
Randall H. Breitenbach

	  	
Title:

	
Co-Chief Executive Officer

	  	  	  
	  	
PHOENIX PRODUCTION COMPANY,

	  	
a Wyoming corporation and

	  	  	  
	  	
PREVENTIVE MAINTENANCE SERVICES LLC,

	  	
a Colorado limited liability company

	  	  	  
	  	  	  
	  	
By:

	
 /s/ Bruce D. McFarland

	  	  	
Bruce D. McFarland,

	  	  	
Treasurer

 

Signature Page to Fourth Amendment

 

  

  

  

 

	  	
WELLS FARGO BANK, NATIONAL ASSOCIATION as Administrative Agent, Issuing Lender and a Lender

	  	  	  
	  	
By: 

	/s/ Richard Gould  
	  	  	
Richard Gould

	  	  	
Managing Director

	  	  	  
	  	
The Bank of Nova Scotia,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ John Frazell

	  	
Name: John Frazell

	  	
Title: Director

	  	  	  
	  	
CREDIT SUISSE AG

	  	
CAYMAN ISLANDS BRANCH,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Nupur Kumar

	  	
Name: Nupur Kumar

	  	
Title: Vice President

	  	  	  
	  	
By:

	
/s/ Michael D. Spaight

	  	
Name: Michael D. Spaight

	  	
Title: Associate

	  	  	  
	  	
BARCLAYS BANK PLC,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Vanessa A. Kurbatskiy

	  	
Name: Vanessa A. Kurbatskiy

	  	
Title: Vice President

	  	  	  
	  	
BNP Paribas,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Courtney Kubesch

	  	
Name: Courtney Kubesch

	  	
Title: Vice President

	  	  	  
	  	
By:

	
/s/ Richard Hawthorne

	  	
Name: Richard Hawthorne

	  	
Title: Director

 

Signature Page to Fourth Amendment

  

  

  

	  	
Toronto Dominion (Texas) LLC,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Vicki Ferguson

	  	
Name: Vicki Ferguson

	  	
Title: Manager, Corp. Lending

	  	  	  
	  	
The Royal Bank of Scotland plc,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Sanjay Renond

	  	
Name: Sanjay Renond

	  	
Title: Authorized Signatory

	  	  	  
	  	
U.S. Bank National Association,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Daniel K. Hansen

	  	
Name: Daniel K. Hansen

	  	
Title: Vice President

	  	  	  
	  	
Royal Bank of Canada,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Jason Yock

	  	
Name: Jason Yock

	  	
Title: Authorized Signatory

	  	  	  
	  	
Bank of Montreal,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Joe Bliss

	  	
Name: Joe Bliss

	  	
Title: Managing Director

	  	  	  
	  	
Citibank N.A.,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ John F. Miller

	  	
Name: John F. Miller

	  	
Title: Attorney-In-Fact

 

Signature Page to Fourth Amendment

 

  

  

  

 

	  	
Bank of Scotland plc,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Karen Weich

	  	
Name: Karen Weich

	  	
Title: Vice President

	  	  	  
	  	
Union Bank, N.A.,

	  	
As a Lender

	  	  	  
	  	
By:

	
/s/ Douglas Gale

	  	
Name: Douglas Gale

	  	
Title: Vice President

Signature Page to Fourth Amendment

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]