Document:

Exhibit 10(b)

  

  

  

  

  

  POWER OF ATTORNEY

  

  

  We, the undersigned directors and/or officers of The Lincoln National Life Insurance Company, hereby constitute and appoint Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Brian A. Kroll, Michelle Grindle,  Jeffrey L. Smith, Jassmin McIver-Jones and John D. Weber,  individually, our true and lawful
    attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on
    Forms N-6, N-4 or S-3 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of
    its Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any such amendments to said Registration Statements as follows:

  

  

  Variable Life Insurance Separate Accounts:

  

  

  

  

  	
          Account

        	
          Product name

        
	
          Lincoln Life Flexible Premium Variable Life Account D (811-04592)

        	
          Variable Universal Life Leadership Series

        
	
          Lincoln Life Flexible Premium Variable Life Account F (811-05164)

        	
          American Legacy Life

          American Legacy Estate Builder

        
	
          Lincoln Life Flexible Premium Variable Life Account G (811-05585)

        	
          VUL-III

        
	
          Lincoln Life Flexible Premium Variable Life Account J (811-08410)

        	
          American Legacy Variable Life

        
	
          Lincoln Life Flexible Premium Variable Life Account K (811-08412)

        	
          Multi Fund Variable Life

        
	
          Lincoln Life Flexible Premium Variable Life Account M (811-08557)

        	
          VULdb / VULdb ES

          VULdb-II ES

          VUL-I / VULcv

          VULcv-II / VULcvII ES / VUL Flex

          VULcv-III ES

          MoneyGuard VUL

          VULone ES / VULone 2005 ES

          Momentum VULone / Momentum VULone 2005

          VULcv-IV ES

          VULdb-IV ES

          Momentum VULone 2007

          VULone 2007

          AssetEdge VUL

          AssetEdge VUL2015/AssetEdge Exec VUL 2015

          VULone2012

          VULone2014

          InReach VULone2014

          VULone2019

          AssetEdge VUL2019/AssetEdge Exec VUL 2019

          AssetEdge VUL2019-2/AssetEdge Exec VUL 2019-2

        
	
          Lincoln Life Flexible Premium Variable Life Account R (811-08579)

        	
          SVUL / SVUL-I

          SVUL-II / SVUL-II ES

          SVUL-III ES

          SVUL-IV ES / PreservationEdge SVUL

          SVULone ES

          Momentum SVULone

          SVULone 2007 ES

          Momentum SVULone 2007

          SVULone2013

          SVULone2016

          SVULone2019

        

  
    
      

  

  

  

  	
          Lincoln Life Flexible Premium Variable Life Account S (811-09241)

        	
          CVUL / CVUL Series III / CVUL Series III ES

          LCV4 ES

          LCV5 ES / LCC VUL

          Lincoln Corporate Executive VUL

        
	
          Lincoln Life Flexible Premium Variable Life Account Y (811-21028)

        	
          American Legacy VULcv-III

          American Legacy VULdb-II

          American Legacy SVUL-II

          American Legacy SVUL-III

          American Legacy VULcv-IV

          American Legacy VULdb-IV

          American Legacy SVUL-IV/PreservationEdge SVUL

          American Legacy AssetEdge

        

  

  

  

  

  Variable Annuity Separate Accounts:

  

  

  	
          Account

        	
          Product name

        
	
          Lincoln National Variable Annuity Account C (811-03214)

        	
          Multi-Fund

          Multi-Fund Select

          Multi-Fund 5 Retirement Annuity

        
	
          Lincoln National Variable Annuity Account E (811-04882)

        	
          The American Legacy

        
	
          Lincoln National Variable Annuity Account H (811-05721)

        	
          American Legacy II

          American Legacy III

          American Legacy III B Class

          American Legacy III C Share

          American Legacy III Plus

          American Legacy III View

          American Legacy Design

          American Legacy Signature

          American Legacy Fusion

          American Legacy Series

          American Legacy Advisory

          American Legacy Target Date Income B Share

          American Legacy Target Date Income Advisory

          Shareholder’s Advantage

          Shareholder’s Advantage A Class

          Shareholder’s Advantage purchased on and after May 21, 2018

        
	
          Lincoln National Variable Annuity Account L (811-07645)

        	
          Group Variable Annuity

          Secured Retirement Income Version 1

          Secured Retirement Income Version 2

          Secured Retirement Income Version 3

          Secured Retirement Income Version 4

          Retirement Income Rollover Version 1

          Retirement Income Rollover Version 2

          Retirement Income Rollover Version 3

          Retirement Income Rollover Version 4

        
	
          Lincoln Life Variable Annuity Account N (81108517)

        	
          ChoicePlus Assurance (A Share)

          ChoicePlus Assurance (A Class)

          ChoicePlus Assurance (B Share)

          ChoicePlus Assurance (B Class)

          ChoicePlus Assurance (C Share)

          ChoicePlus Assurance (L Share)

          ChoicePlus Assurance (Bonus)

          Choice Plus

          Choice Plus II

          ChoicePlus Access

          ChoicePlus II Access

          ChoicePlus Bonus

          ChoicePlus II Bonus

        
	
          Lincoln Life Variable Annuity Account N (81108517) Continued

        	
          ChoicePlus II Advance

          ChoicePlus Design

          ChoicePlus Signature

          ChoicePlus Rollover

          ChoicePlus Fusion

          ChoicePlus Series

          ChoicePlus Prime

          ChoicePlus Advisory

          InvestmentSolutions

          InvestmentSolutions RIA

          Lincoln Investor Advantage

          Lincoln Invester Advantage 2018

          Lincoln Investor Advantage Fee-Based

          Lincoln Investor Advantage RIA

          Lincoln Investor Advantage Advisory

          Lincoln Investor Advantage RIA Class

          Lincoln Level Advantage B Share Indexed Variable Annuity

          Lincoln Level Advantage Advisory Indexed Variable Annuity

          Lincoln Level Advantage B Class Indexed Variable Annuity

          Lincoln Level Advantage Advisory Class Indexed Variable Annuity

          Core Income

          Lincoln Level Advantage Fee-Based Indexed Variable Annuity

        
	
          Lincoln Life Variable Annuity Account Q (811-08569)

        	
          Multi-Fund Group

        
	
          Lincoln Life S-3 Filing

        	
          Lincoln Level Advantage B Share Indexed Variable Annuity

          Lincoln Level Advantage Advisory Indexed Variable Annuity

          Lincoln Level Advantage B Class Indexed Variable Annuity

          Lincoln Level Advantage Advisory Class Indexed Variable Annuity

        

  

  

  

  

  Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that
    each person whose signature appears below has previously executed.  This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers
    to this power-of-attorney or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.

  

  

  This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall
    together constitute one and the same instrument.  Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.

  

  

  

  

  Signature                                                                                    Title

  

  

  /s/ Dennis R. Glass

  
    
      	______________________________	
              President, Chairman and Director

            

    

  

  Dennis R. Glass

  

  

  

  

  /s/ Ellen Cooper

  
    
      	______________________________	
              Executive Vice President, Chief Investment Officer and Director

              

            

    

  

  Ellen Cooper                                                                                 

  

  

  
    
      

  

  

  

  /s/ Randal J. Freitag

  
    
      	______________________________	
              Executive Vice President; Chief Financial Officer and Director

            

    

  

  Randal J. Freitag

  

  

  

  

  /s/ Leon E. Roday

  
    
      	______________________________	
              Executive Vice President, General Counsel and Director

            

    

  

  Leon E. Roday

  

  

  

  

  /s/ Wilford H. Fuller

  
    
      	______________________________	
              Executive Vice President and Director

            

    

  

  Wilford H. Fuller

  

  

  

  

  /s/ Keith J. Ryan

  ______________________________                                       Vice President and Director

  Keith J. Ryan

  

  

  

  

  

  

  We, Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Brian A.
      Kroll, Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones and John D. Weber, have read the foregoing Power of Attorney.  We are the person(s) identified therein as agent(s) for the principal named
    therein.  We acknowledge our legal responsibilities.

  

  

  /s/ Delson R. Campbell                                                                                                                              /s/ Scott C. Durocher

  ____________________________________                                                              
    _____________________________________

  Delson R. Campbell                                                                                                                              Scott C. Durocher

  

  

  /s/ Kimberly A. Genovese                                                                                                                /s/ Daniel P. Herr

  ____________________________________                                                            
    _____________________________________

  Kimberly A. Genovese                                                                                                                              Daniel P. Herr

  

  

  /s/ Donald E. Keller

  ____________________________________                                                             
    _____________________________________

  Donald E. Keller                                                                                                                                         
    Brian A. Kroll

  

  

  /s/ Michelle Grindle                                                                                                         
                               /s/ Jeffrey Smith

  _____________________________________                                                    
    _____________________________________

  Michelle Grindle                                                                                                             
                                Jeffrey Smith

  

  

  /s/ John D. Weber                                                                                                           
                        /s/ Jassmin McIver-Jones

  _____________________________________                                                  
    _____________________________________

  John D. Weber                                                                                                                            
                    Jassmin McIver-Jones

  

  

  

  

  

  

  Version dated: September 2019Blueprint

  Exhibit
10.1

	

 

AMENDMENT
NO. 1 TO CREDIT AGREEMENT

 

This
AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of September 3, 2019
(this “Agreement”), is entered
into by and among Pilot Travel Centers LLC, a Delaware limited
liability company (the “Lender”), Nixon Product
Storage, LLC, a Delaware limited liability company (the “Borrower”),
Lazarus Refining & Marketing, LLC, a Delaware limited liability
company (“LR&M”
and, together with the Borrower, the “Grantors”),
Lazarus Energy Holdings LLC, a Delaware limited liability company
(“Lazarus”),
Lazarus Energy LLC, a Delaware limited liability company
(“Lazarus
Energy”), and Blue
Dolphin Energy Company, a Delaware corporation
(“Blue
Dolphin” or
“Pledgor”).
Capitalized terms used but not defined herein shall have the
meanings assigned to such terms in the Credit Agreement referred to
below.

 

RECITALS

 

WHEREAS, the
Borrower, LR&M, Lazarus, Lazarus Energy, Blue Dolphin and the
Lender entered into that certain Line of Credit, Guarantee and
Security Agreement, dated as of May 3, 2019 as amended and restated
by (i) that certain First Amendment and Restatement Agreement,
dated as of May 9, 2019, and (ii) that certain Second Amendment and
Restatement Agreement, dated as of May 10, 2019 (as so amended, the
“Credit
Agreement”).

 

WHEREAS, the
parties hereto wish to amend the Credit Agreement on the terms
herein.

 

In
consideration of the mutual agreements herein contained and other
good and valuable consideration, the sufficiency and receipt of
which are hereby acknowledged, the parties hereto agree as
follows:

 

SECTION
1. Amendments to Credit Agreement.
The parties hereto agree that:

 

(a) Section 2.1 of the
Credit Agreement is hereby restated in its entirety to read as
follows:

 

“2.1”    
Line of Credit
Commitment.

 

Subject
to the terms and conditions of this Agreement and the other Loan
Documents, and relying upon the representations and warranties
herein set forth, Lender hereby establishes a line of credit to
Borrower in an aggregate principal amount of up to $13,000,000.00
(the “Line of
Credit”).”

 

(b) Section 2.9.2 of
the Credit Agreement is hereby amended to add a new
clause

 

(c) therein reading
as follows:

 

“(c)”
Other Mandatory
Prepayments. The Borrower shall, on each of the dates set
forth below, prepay the Loans in a principal amount equal to the
amount set forth opposite such date below, together with accrued
and unpaid interest thereon:

 

	

Date

	

Principal Amount

	

September
30, 2019

	

$100,000

	

October
31, 2019

	

$100,000

(c) Schedule 6.6 to the
Credit Agreement is hereby amended by deleting item 1.
thereon.

 

 

 

 

SECTION
2. Effect
of Agreement.

 

(a) The execution,
delivery and effectiveness of this Agreement shall not operate as a
waiver of any right, power or remedy of the Lender under any of the
Loan Documents, nor constitute a waiver of any provision of the
Loan Documents.

 

(b) The parties hereto
acknowledge and agree that (i) the Obligations and Guaranteed
Obligations are in all respects continuing with the terms,
conditions, covenants and agreements contained in the Credit
Agreement being modified only to the extent provided in this
Agreement; and (ii) the liens and security interests as granted
under the Credit Agreement and Pledge Agreement securing payment of
the Obligations are in all respects continuing in full force and
effect. From and after the date hereof, the terms
“Agreement”, “herein”,
“hereinafter”, “hereto”,
“hereof” and words of similar import as used in the
Credit Agreement, and the term “Credit Agreement”,
“Loan Agreement” and words of similar import as used in
the other Loan Documents, shall mean the Credit Agreement, as
amended hereby and as may be further amended, supplemented or
otherwise modified from time to time; provided that the terms
“the date hereof” and “the date of this
Agreement” as used in the Credit Agreement shall refer to the
date of the Original Credit Agreement.

 

(c) Each Guarantor, by
its signature below, reaffirms, ratifies and confirms its guarantee
of the Obligations and acknowledges and agrees that such guarantee
continues in full force and effect after consummation of the
transactions contemplated in this Agreement.

 

(d) Each Loan Party, by
delivering its signature page to this Agreement shall be deemed to
have acknowledged receipt of, and consented to and approved, this
Agreement, the Credit Agreement, each other Loan Document to which
it is a party.

 

(e) This Agreement
shall constitute a Loan Document for all purposes of the Credit
Agreement and shall be administered and construed pursuant to the
terms of the Credit Agreement.

 

SECTION
3. Further Assurances. Each Loan
Party shall promptly do all things (including executing and
delivering all documents) necessary or desirable to give effect to
this Agreement.

 

SECTION
4. Amendments; Counterparts. This
Agreement may not be amended nor may any provision hereof be waived
except pursuant to a writing signed by the Borrower, the Lender and
other parties hereto. This Agreement may be executed by one or more
of the parties hereto on any number of separate counterparts, and
all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed
signature page of this Agreement by facsimile or other electronic
submission (including .pdf format) shall be effective as delivery
of a manually executed counterpart hereof.

 

SECTION
5. Severability. Any provision of
this Agreement that 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 hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other
jurisdiction.

 

SECTION
6. Governing Law. THIS AGREEMENT
AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE
STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES AS SET FORTH
FURTHER IN SECTION 12.11 OF THE CREDIT AGREEMENT AS IF SUCH SECTION
WERE SET FORTH IN FULL HEREIN.

 

SECTION
7. Headings. The headings of this
Agreement are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof.

 

 

 

 

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

 

	

NIXON PRODUCT STORAGE, LLC,

as
Borrower and Grantor

By:
BLUE DOLPHIN ENERGY COMPANY, its sole Member

	

By:

	

/s/
JONATHAN CARROLL

	

Name:

	

Jonathan
Carroll

	

Title:

	

President

 

 

 

 

[Signature
Page to Amendment No. 1 to Credit Agreement]

 

 

	

PILOT TRAVEL CENTERS LLC,

as
Lender

	

By:

	

/s/
DAVID CLOTHIER

	

Name:

	

David
Clothier

	

Title:

	

Authorized
Representative

 

 

 

 

 

 

[Signature
Page to Amendment No. 1 to Credit Agreement]

 

 

	

LAZARUS ENERGY HOLDINGS LLC,

as
Guarantor

	

By:

	

/s/
JONATHAN CARROLL

	

Name:

	

Jonathan
Carroll

	

Title:

	

President

 

 

[Signature
Page to Amendment No. 1 to Credit Agreement]

 

 

	

LAZARUS ENERGY LLC,

as
Guarantor

By:
BLUE DOLPHIN ENERGY COMPANY, its sole Member

	

By:

	

/s/
JONATHAN CARROLL

	

Name:

	

Jonathan
Carroll

	

Title:

	

President

 

 

 

[Signature
Page to Amendment No. 1 to Credit Agreement]

 

 

	

BLUE DOLPHIN ENERGY COMPANY,

as
Guarantor and Pledgor

	

By:

	

/s/
JONATHAN CARROLL

	

Name:

	

Jonathan
Carroll

	

Title:

	

President

 

[Signature
Page to Amendment No. 1 to Credit Agreement]

 

 

 

	

LAZARUS REFINING & MARKETING, LLC,

as
Guarantor and Grantor

By:
BLUE DOLPHIN ENERGY COMPANY, its sole Member

 

	

By:

	

_______________________________

	

Name:

	

Jonathan
Carroll

	

Title:

	

President

 

 

[Signature
Page to Amendment No. 1 to Credit Agreement]

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