Document:

Exhibit 10.1 First Amendment to $2.5B Credit Agreement

Exhibit 10.1

AMENDMENT NO. 1 
TO 
AMENDED AND RESTATED CREDIT AGREEMENT
THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of June 29, 2015, is among Sunoco Logistics Partners Operations L.P., a Delaware limited partnership (the “Borrower”), Sunoco Logistics Partners L.P., a Delaware limited partnership (the “MLP” or the “Guarantor”, and together with the Borrower, the “Loan Parties”), the several banks and other financial institutions or entities signatories hereto, and Citibank, N.A., as Administrative Agent for the Lenders (in such capacity, together with its successors and permitted assigns in such capacity, the “Administrative Agent”) and as Swingline Lender and an LC Issuer.
RECITALS
A.    The Borrower, the MLP, the Administrative Agent and the Lenders and LC Issuers from time to time party thereto are parties to that certain Amended and Restated Credit Agreement, dated as of March 20, 2015 (the “Credit Agreement”).
B.    The Loan Parties have requested that the Credit Agreement be amended in the manner set forth herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the MLP, the Administrative Agent and each Lender party hereto hereby agree as follows:
Section 1.Definitions. Capitalized terms used and not defined in this Amendment shall have the respective meanings given them in the Credit Agreement.
Section 2.    Amendments to Credit Agreement.  The Credit Agreement is amended, as of the Amendment Effective Date (as defined below), as follows:
(a)    The definition of “Applicable Rate” in Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by adding the following proviso immediately after the word “date” at the end of the first sentence thereof:
“; provided, that the Applicable Rate with respect to calculating Base Rate Margin and Eurodollar Margin for any Revolving Tranche B Loans will be the percent per annum so determined plus 0.01%.”
(b)    Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by adding the following new definitions in the appropriate alphabetic order:
““Amendment No. 1 Effective Date” means June 29, 2015.”
““Revolving Tranche A” has the meaning specified in Section 2.01.”

““Revolving Tranche B” has the meaning specified in Section 2.01.”
““Revolving Tranche A Loan” means a Loan made by a Lender pursuant to that portion of its Commitment that has been allocated to Revolving Tranche A pursuant to Section 2.01.” 
““Revolving Tranche B Loan” or “Specified Revolving Loan” means a Loan made by a Lender pursuant to that portion of its Commitment that has been allocated to Revolving Tranche B pursuant to Section 2.01.” 
““Tranche” means each of Revolving Tranche A and Revolving Tranche B. 
(c)    Section 2.01 (Loans) of the Credit Agreement is hereby amended by adding the following new paragraph immediately after the end thereof:
“On the Amendment No. 1 Effective Date, the Aggregate Commitments are allocated as follows: (a) $2,500,000,000 to Revolving Tranche A (“Revolving Tranche A”), and (b) $0 to Revolving Tranche B (“Revolving Tranche B”).  The Borrower may from time to time reallocate all or a portion of the Aggregate Commitments from one Tranche to the other Tranche by providing written notice to the Administrative Agent; provided that (i) Borrower may reallocate not more than fifteen (15) times during the term of this Agreement; (ii) the Aggregate Commitments allocated to Revolving Tranche B may not at any time exceed $1,000,000,000, (iii) the outstanding principal balance of Revolving Tranche A Loans may not at any time exceed the amount of Aggregate Commitments that have been allocated to Revolving Tranche A; (iv) the outstanding principal balance of Revolving Tranche B Loans may not at any time exceed the amount of Aggregate Commitments that have been allocated to Revolving Tranche B; (v) both before and after giving effect to such reallocation, no Default or Event of Default exists and any notice of reallocation shall constitute a representation and warranty by the Borrower to that effect; (vi) such notice shall be received by the Administrative Agent not less than three (3) Business Days prior to the requested effective date of such reallocation, and (vii) such notice shall (I) state that it is a “Notice of Reallocation” pursuant to this Agreement, (II) indicate the dollar amount of the Aggregate Commitments that are allocated to Revolving Tranche A and to Revolving Tranche B before giving effect to the requested reallocation, and (III) indicate the dollar amount of the Aggregate Commitments that will be allocated to Revolving Tranche A and to Revolving Tranche B after giving effect to the requested reallocation.”
(d)    Section 2.03 (Requests for New Loans) of the Credit Agreement is hereby amended by deleting the word “and” from the end of paragraph (a) and adding the following new paragraph (b) after the end thereof (and whereupon existing paragraph (b) shall be re-numbered accordingly as paragraph (c)):
“(b)     specify whether such Loans being requested (if Revolving Credit Loans) are Revolving Tranche A Loans or Revolving Tranche B Loans; and”
(e)    Section 2.06 (Repayment and Prepayments of Loans) of the Credit Agreement is hereby amended by adding the following sentence immediately after the third sentence thereof:

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“Any notice of prepayment given pursuant to this Section 2.06 shall specify whether the prepayment is of Revolving Tranche A Loans or Revolving Tranche B Loans.”
(f)    Exhibit C (Forms of Loan Notice) of the Credit Agreement is hereby replaced in its entirety with Annex 1 hereto. Each reference in the Credit Agreement to the term “Exhibit C” when used in connection with Revolving Tranche A Loans means Exhibit C-1, and each reference in the Credit Agreement to the term “Exhibit C” when used in connection with Revolving Tranche B Loans means Exhibit C-2. 
Section 3.    Amendment Effectiveness.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:
(a)    The Administrative Agent shall have received:
(i)    counterparts of this Amendment, duly executed by the Borrower, the MLP, the Administrative Agent and Required Lenders; and
(ii)    a certificate signed by a Responsible Officer of each Loan Party certifying that, before and after giving effect to this Amendment: 
(A)    each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents (other than the representation and warranty contained in Section 5.06(b) of the Credit Agreement) are true and correct in all material respects on and as of the Amendment Effective Date as if made on and as of such date, except that (x) the representations and warranties contained in Section 5.06(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished to the Administrative Agent pursuant to Section 6.01 of the Credit Agreement, (y) to the extent any such representations and warranties relate, by their terms, to a specific date, such representations and warranties shall be true and correct in all material respects on and as of such specific date, and (z) to the extent any such representations and warranties are qualified by materiality, such representations and warranties shall be true and correct in all respects; and
(B)    no Default or Event of Default has occurred and is continuing on the Amendment Effective Date.
(b)    The Borrower shall have paid (i) all fees, charges and disbursements of counsel to the Administrative Agent to the extent invoiced at least one (1) day prior to the Amendment Effective Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the date upon which the Amendment shall be effective (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent). 
The date on which such conditions have been satisfied or waived in accordance with Section 10.01 of the Credit Agreement is referred to herein as the “Amendment Effective Date”.

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The Administrative Agent shall notify the Borrower and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding.
Section 4.    Representations and Warranties.  Each of the Borrower and the MLP hereby represents and warrants to the Administrative Agent and each of the Lenders as follows:
(a)    Each Loan Party has duly taken all action necessary to authorize the execution and delivery by it of this Amendment and to authorize the consummation of the transactions contemplated hereby and the performance of its obligations hereunder.   
(b)    No permit, consent, approval, authorization or order of, and no notice to or filing, registration or qualification with, any Tribunal or third party is required in connection with the execution, delivery or performance by any Loan Party of this Amendment or to consummate any transactions contemplated hereby.  
(c)    This Amendment constitutes a legal, valid and binding obligation of each Loan Party enforceable in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights. 
(d)    The execution and delivery by each Loan Party of this Amendment and the performance of its obligations hereunder, and the consummation of the transactions contemplated hereby, do not and will not (i) conflict with any provision of (1) any Law, (2) the organizational documents of such Loan Party or any General Partner, or (3) any material Contractual Obligation, judgment, license, order or permit applicable to or binding upon such Loan Party, any Subsidiary or any General Partner, (ii) result in the acceleration of any Indebtedness owed by any Loan Party, any of its Subsidiaries, any of its Unrestricted Subsidiaries or any General Partner or (iii) result in or require the creation of any Lien upon any assets or properties of any Loan Party, any of its Subsidiaries or any General Partner, except, in each case with respect to the preceding clauses (i) through (iii), as could not reasonably be expected to have a Material Adverse Effect.  
(e)    Before and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
Section 5.    Limited Effect.  Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed by the Loan Parties. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of the Loan Parties that would require the waiver or consent of the Administrative Agent or the Lenders.  Without limiting the foregoing and without limiting any provisions of the Guaranty, Guarantor hereby (a) waives any defense of a surety or guarantor or any other obligor arising in connection with, in respect of or by reason of the ETP Guaranty, (b) acknowledges and agrees that none of its obligations or liabilities under and pursuant to the Guaranty are released, diminished, impaired or otherwise affected by this Amendment or by the ETP Guaranty, and (c) acknowledges and agrees that all

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obligations and liabilities under and pursuant to the Guaranty are, and shall continue to be, in full force and effect.  As used herein, “ETP Guaranty” means the Support Agreement dated June 29, 2015 executed by and among Energy Transfer Partners, L.P., a Delaware limited partnership, the Borrower and the Guarantor.
Section 6.    Effect of Amendment. On and after the Amendment Effective Date, each reference to the Credit Agreement in any Loan Document shall be deemed to be a reference to the Credit Agreement, as amended by this Amendment. On and after the Amendment Effective Date, this Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. On and after the Amendment Effective Date, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”, and words of similar import, as used in the Credit Agreement, shall, unless the context otherwise requires, mean the Credit Agreement as amended hereby.
Section 7.    Counterparts.  This Amendment may be executed by all parties hereto in any number of separate counterparts each of which may be delivered in original, facsimile or electronic (e.g., “.pdf”) form, and all of such counterparts taken together constitute one instrument.
Section 8.    References.  The words “hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbelow,” “hereof,” “hereunder” and words of similar import when used in this Amendment refer to this Amendment as a whole and not to any particular article, section or provision of this Amendment.  
Section 9.    Headings Descriptive.  The headings of the several sections of this Amendment are inserted for convenience only and do not in any way affect the meaning or construction of any provision of this Amendment.
Section 10.    Governing Law.  This Amendment is governed by and will be construed in accordance with the law of the State of New York.
Section 11.    Final Agreement of the Parties.  THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
[Signatures on following pages.]

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

	SUNOCO LOGISTICS PARTNERS 

	OPERATIONS L.P., as Borrower

	 
	 
	 

	By:
	SUNOCO LOGISTICS PARTNERS GP LLC,

	 
	its General Partner

	 
	 
	 

	 
	By:
	/s/ Peter J. Gvazdauskas

	 
	 
	Peter Gvazdauskas

	 
	 
	Chief Financial Officer and Treasurer

	
			
	 
	 
	 

	SUNOCO LOGISTICS PARTNERS L.P., as

	Guarantor

	 
	 
	 

	By:
	SUNOCO PARTNERS LLC, its General Partner

	 
	 
	 

	 
	By:
	/s/ Peter J.Gvazdauskas

	 
	 
	Peter Gvazdauskas

	 
	 
	Chief Financial Officer and Treasurer

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	CITIBANK, N.A., as Administrative Agent,
a LC Issuer, Swingline Lender and a Lender

	 
	 

	By:
	/s/ Maureen P. Maroney

	Name:
	Maureen P. Maroney

	Title:
	Vice President

    

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	BARCLAYS BANK PLC, as a LC Issuer
and a Lender

	 
	 

	By:
	/s/ Christopher Lee

	Name:
	Christopher Lee

	Title:
	Vice President

    

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	MIZUHO BANK, LTD.
as a Lender

	 
	 

	By:
	/s/ Leon Mo

	Name:
	Leon Mo

	Title:
	Authorized Signatory

    

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	PNC BANK, NATIONAL ASSOCIATION,
as a LC Issuer and a Lender

	 
	 

	By:
	/s/ M. Colin Warman

	Name:
	M. Colin Warman

	Title:
	Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	TD BANK, N.A.,
as a LC Issuer and a Lender

	 
	 

	By:
	/s/ Shannon Batchman

	Name:
	Shannon Batchman

	Title:
	Executive Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	THE BANK OF TOKYO MITSUBISHI UFJ,
LTD., a LC Issuer and a Lender

	 
	 

	By:
	/s/ Sherwin Brandford

	Name:
	Sherwin Brandford

	Title:
	Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	WELLS FARGO BANK, NATIONAL 
ASSOCIATION, as a LC Issuer and a Lender

	 
	 

	By:
	/s/ Nathan Starr

	Name:
	Nathan Starr

	Title:
	Assistant Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	BANK OF AMERICA, N.A.,
as a Lender

	 
	 

	By:
	/s/ Adam H. Fey

	Name:
	Adam H. Fey

	Title:
	Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	THE BANK OF NOVA SCOTIA,
as a Lender

	 
	 

	By:
	/s/ A. Dawson

	Name:
	A. Dawson

	Title:
	Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	BNP PARIBAS,
as a Lender

	 
	 

	By:
	/s/ Joseph Onischuk

	Name:
	Joseph Onischuk

	Title:
	Managing Director

	 
	 

	By:
	/s/ Mark Renaud

	Name:
	Mark Renaud

	Title:
	Managing Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	COMPASS BANK,
as a Lender

	 
	 

	By:
	/s/ Blake Kirshman

	Name:
	Blake Kirshman

	Title:
	Senior Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as a Lender

	 
	 

	By:
	/s/ Nupur Kumar

	Name:
	Nupur Kumar

	Title:
	Authorized Signatory

	 
	 

	By:
	/s/ Franziska Schoch

	Name:
	Franziska Schoch

	Title:
	Authorized Signatory

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	DNB CAPITAL LLC,
as a Lender

	 
	 

	By:
	/s/ Robert Dupree

	Name:
	Robert Dupree

	Title:
	Senior Vice President

	 
	 

	By:
	/s/ Asulv Tveit

	Name:
	Asulv Tveit

	Title:
	Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	ROYAL BANK OF CANADA,
as a Lender

	 
	 

	By:
	/s/ Caleb Allen

	Name:
	Caleb Allen

	Title:
	Authorized Signatory

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	SUNTRUST BANK,
as a Lender

	 
	 

	By:
	/s/ Carmen Malizia

	Name:
	Carmen Malizia

	Title:
	Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	U.S. BANK NATIONAL ASSOCIATION,
as a Lender

	 
	 

	By:
	/s/ Patrick Jeffrey

	Name:
	Patrick Jeffrey

	Title:
	Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	UBS AG, STAMFORD BRANCH,
as a Lender

	 
	 

	By:
	/s/ Darlene Arias

	Name:
	Darlene Arias

	Title:
	Director

	 
	 

	By:
	/s/ Craig Pearson

	Name:
	Craig Pearson

	Title:
	Associate Director

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	CITIZENS BANK OF PENNSYLVANIA,
as a Lender

	 
	 

	By:
	/s/ A. Paul Dawley

	Name:
	A. Paul Dawley

	Title:
	Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	COMERICA BANK,
as a Lender

	 
	 

	By:
	/s/ Brandon M. White

	Name:
	Brandon M. White

	Title:
	Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	GOLDMAN SACHS BANK USA,
as a Lender

	 
	 

	By:
	/s/ Michelle Latzoni

	Name:
	Michelle Latzoni

	Title:
	Authorized Signatory

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

	
		
	 
	 

	MORGAN STANLEY SENIOR FUNDING, INC., as
a Lender

	 
	 

	By:
	/s/ Dmitriy Barskiy

	Name:
	Dmitriy Barskiy

	Title:
	Vice President

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit Agreement

Annex 1

EXHIBIT C

FORMS OF LOAN NOTICE

15211527_6    1

EXHIBIT C-1

FORM OF LOAN NOTICE (REVOLVING TRANCHE A LOANS AND SWINGLINE LOANS)

Date:_______________, ____
		
	To:
	Citibank, N.A., as the Administrative Agent [Citibank, N.A., as the Swingline Lender]

Ladies and Gentlemen:
Reference is made to that certain Amended and Restated Credit Agreement, dated as of March 20, 2015 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”), among Sunoco Logistics Partners Operations L.P., a Delaware limited partnership (the “Borrower”), Sunoco Logistics Partners L.P., a Delaware limited Partnership (the “Guarantor”), Citibank, N.A., as Administrative Agent, Swingline Lender and an LC Issuer, and the Lenders and other agents from time to time parties thereto. Terms that are defined in the Agreement are used herein with the meanings given them in the Agreement.
[Pursuant to the terms of the Agreement, the Borrower hereby requests the [Lenders/Swingline Lender] to make [Revolving Tranche A/Swingline] Loans to Borrower in the aggregate principal amount of $ __________ and specifies ____________________, 20____, as the date Borrower desires for the [Lenders/Swingline Lender] to make such [Revolving Tranche A/Swingline] Loans and for the Administrative Agent to deliver to the Borrower the proceeds thereof. Such [Revolving Tranche A/Swingline] Loans are hereby designated as follows:
Type of Loans:
[Fixed Period Eurodollar Loans][Base Rate Loans] [for Revolving Tranche A Loans]
[Daily Floating Eurodollar Loans][Base Rate Loans] [for Swingline Loans]
Length of Interest Period for the requested Fixed Period Eurodollar Loans: __ months.
[Borrower hereby requests a conversion or continuation of existing Loans into a new Borrowing pursuant to Section 2.04 of the Agreement as follows:
Existing Borrowing(s) of Loans to be Continued or Converted:
$     of Revolving Tranche A Loans that are Fixed Period Eurodollar Loans with Interest Period ending _______________
$     of Revolving Tranche A Loans that are Base Rate Loans
$     of Swingline Loans that are Daily Floating Eurodollar Loans

15211527_6    2

$     of Swingline Loans that are Base Rate Loans
Aggregate amount of new Borrowing:                    $___________
Type of Loans in new Borrowing:    [Fixed Period Eurodollar Loans][Base Rate Loans]
Date of Continuation or Conversion:                        ____________
Length of Interest Period for Fixed Period Eurodollar Loans:        ____ months]
To induce the [Lenders/Swingline Lender] to [make/continue/convert] such Loans, the Borrower hereby represents, warrants, acknowledges, and agrees to and with the Administrative Agent and each Lender that:
(a)    The undersigned is the duly elected, qualified and acting officer of Sunoco Logistics Partners GP LLC, the general partner of the Borrower, as indicated below such officer’s signature hereto having all necessary authority to act for the Borrower in making the request herein contained.
(b)    The representations and warranties made by the Loan Parties in the Agreement are true and correct in all material respects (except to the extent that any such representation or warranty is qualified by materiality) on and as of the date hereof, with the same effect as though such representations and warranties had been made on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, and except, for the purposes of this Loan Notice, that (i) the representations and warranties contained in Section 5.06(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished to the Lenders by the Guarantor, and (ii) no representation or warranty is made with respect to Section 5.06(b) of the Credit Agreement.
(c)    There does not exist on the date hereof any condition or event that constitutes a Default or Event of Default that has not been waived in writing as provided in Section 10.01 of the Agreement; nor will any such Default or Event of Default exist upon the Borrower’s receipt and application of the Loans requested hereby.
(d)    The Borrowings requested herein comply with the requirements set forth in [Section 2.02 and] Section 2.03 of the Agreement.
The undersigned hereby certifies that, to the best of his knowledge after due inquiry, the above representations, warranties, acknowledgments, and agreements of the Borrower are true, correct and complete in all material respects.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

15211527_6    3

IN WITNESS WHEREOF, this instrument is executed as of __________ __, 20__.

	
			
	 
	 
	 

	SUNOCO LOGISTICS PARTNERS 

	OPERATIONS L.P.

	 
	 
	 

	By:
	 
	Sunoco Logistics Partners GP LLC,

	 
	 
	its general partner

	 
	 
	 

	By:
	 
	 

	 
	 
	Name:

	 
	 
	Title:

15211527_6    1

EXHIBIT C-2
FORM OF LOAN NOTICE (REVOLVING TRANCHE B LOANS)

Date:_______________, ____
		
	To:
	Citibank, N.A., as the Administrative Agent 

Ladies and Gentlemen:
Reference is made to that certain Amended and Restated Credit Agreement, dated as of March 20, 2015 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”), among Sunoco Logistics Partners Operations L.P., a Delaware limited partnership (the “Borrower”), Sunoco Logistics Partners L.P., a Delaware limited Partnership (the “Guarantor”), Citibank, N.A., as Administrative Agent, Swingline Lender and an LC Issuer, and the Lenders and other agents from time to time parties thereto. Terms that are defined in the Agreement are used herein with the meanings given them in the Agreement.
[Pursuant to the terms of the Agreement, the Borrower hereby requests the Lenders to make Revolving Tranche B Loans to Borrower in the aggregate principal amount of $ __________ and specifies ____________________, 20____, as the date Borrower desires for the Lenders to make such Revolving Tranche B Loans and for the Administrative Agent to deliver to the Borrower the proceeds thereof. Such Revolving Tranche B Loans are hereby designated as follows:
Type of Loans:
[Fixed Period Eurodollar Loans][Base Rate Loans] 

Length of Interest Period for the requested Fixed Period Eurodollar Loans: __ months.
[Borrower hereby requests a conversion or continuation of existing Loans into a new Borrowing pursuant to Section 2.04 of the Agreement as follows:
Existing Borrowing(s) of Loans to be Continued or Converted:
$     of Revolving Tranche B Loans that are Fixed Period Eurodollar Loans with             Interest     Period ending _______________
$     of Revolving Tranche B Loans that are Base Rate Loans
Aggregate amount of new Borrowing:                    $___________
Type of Loans in new Borrowing:    [Fixed Period Eurodollar Loans][Base Rate Loans]
Date of Continuation or Conversion:                        ____________

15211527_6    2

Length of Interest Period for Fixed Period Eurodollar Loans:        ____ months]
To induce the Lenders to [make/continue/convert] such Loans, the Borrower hereby represents, warrants, acknowledges, and agrees to and with the Administrative Agent and each Lender that:
(a)    The undersigned is the duly elected, qualified and acting officer of Sunoco Logistics Partners GP LLC, the general partner of the Borrower, as indicated below such officer’s signature hereto having all necessary authority to act for the Borrower in making the request herein contained.
(b)    The representations and warranties made by the Loan Parties in the Agreement are true and correct in all material respects (except to the extent that any such representation or warranty is qualified by materiality) on and as of the date hereof, with the same effect as though such representations and warranties had been made on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, and except, for the purposes of this Loan Notice, that (i) the representations and warranties contained in Section 5.06(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished to the Lenders by the Guarantor, and (ii) no representation or warranty is made with respect to Section 5.06(b) of the Credit Agreement.
(c)    There does not exist on the date hereof any condition or event that constitutes a Default or Event of Default that has not been waived in writing as provided in Section 10.01 of the Agreement; nor will any such Default or Event of Default exist upon the Borrower’s receipt and application of the Loans requested hereby.
(d)    The Borrowings requested herein comply with the requirements set forth in Section 2.03 of the Agreement.
The undersigned hereby certifies that, to the best of his knowledge after due inquiry, the above representations, warranties, acknowledgments, and agreements of the Borrower are true, correct and complete in all material respects.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

15211527_6    3

IN WITNESS WHEREOF, this instrument is executed as of __________ __, 20__.

	
			
	 
	 
	 

	SUNOCO LOGISTICS PARTNERS 

	OPERATIONS L.P.

	 
	 
	 

	By:
	 
	Sunoco Logistics Partners GP LLC,

	 
	 
	its general partner

	 
	 
	 

	By:
	 
	 

	 
	 
	Name:

	 
	 
	Title:

Signature Page to Amendment No. 1
to SXL Amended and Restated Credit AgreementExhibit 10.1 Amendment Sojitz

Exhibit 10.1

Sojitz Moly Resources, Inc.

May 19th, 2015
DELIVERED BY E-MAIL

Thompson Creek Mining Ltd.
c/o 26 W Dry Creek Circle, Suite 810
Littleton, CO 80120
Attention: Mr. Mark Wilson, Executive Vice President & Chief Commercial Officer
		
	Re:
	Possible Care and Maintenance under the Exploration, Development and Mine Operating Agreement dated June 12, 1997 (the “JVA”)

Dear Mr. Wilson:

In December 2014, the Participants mutually agreed to temporarily suspend operations at the Endako Mine in British Columbia.  This temporary suspension (the “TS Period”) was and is intended to be short term, and in any event will not extend beyond July 1, 2015 (the “Outside Date”).  

We are now writing to confirm our mutual agreement on certain, supplemental amendments to  and clarifications of the JVA, and protocols pertaining to possible Care and Maintenance for the Endako Mine, following the TS Period and generally.

		
	A.
	Definitions

All capitalized terms in this letter shall have the meanings defined in the JVA unless otherwise set forth.  For the purposes of this letter and the amendment of the JVA agreed to in paragraph B below, “C&M” or “Care and Maintenance” shall mean an indefinite cessation of operations at Endako Mine during which the workforce will be reduced to a minimal level of full-time employees, equipment will be mothballed, material property will be maintained, and environmental and other legal commitments will be maintained, all with a view to the eventual resumption of operations.
 
		
	B.
	Amendment of JVA - Management Committee Decisions 

Section 7.2(b) of the JVA is hereby amended to add the following subclause as a new matter that shall require the unanimous vote of the Management Committee:
“(xi)    adoption of Care and Maintenance and termination of Care and Maintenance for any purpose.”
Exhibit D of the JVA is hereby amended to add by adding the following definition:
““Care and Maintenance” shall mean an indefinite cessation of operations at Endako Mine during which the workforce will be reduced to a minimal level of full-time employees, equipment will be mothballed, material property will be maintained, and environmental and other legal commitments will be maintained, all with a view to the eventual resumption of operations.”
		
	C.
	Actions on the Outside Date

Unless, before the Outside Date, the Participants have mutually agreed in writing to extend the TS Period, to resume operations at the Endako Mine or to permanently close the Endako Mine, in each case as of the Outside Date, the Participants will be deemed to have unanimously voted in favor of commencing C&M at the Endako Mine effective as of the Outside Date in accordance with section 7.2(b)(xi) of the JVA.  

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	D.
	Management Committee Review During C&M

During the C&M period, we will each monitor market conditions and keep each other informed of our respective observations and projections at least quarterly if not more frequently.  During the C&M period, in addition to the regular quarterly Management Committee meetings contemplated under the JVA, each Participant has the right, at any time during C&M, on at least seven (7) days’ notice, to convene a Management Committee meeting for the purpose of jointly reviewing market and other conditions informing a decision whether to terminate C&M or to propose the termination of C&M.  
As a general guideline, we both acknowledge that market conditions, among other considerations, could support a decision to restart the production of Products and terminate C&M, if cash flow from Operations would reasonably be expected to be positive over a certain period based on reasonable market price forecasts for molybdenum during such period and a reasonable mine plan prepared by one of the Participants.
		
	E.
	Term

As we have both recently made significant capital investments in the Assets with the view to extending the mine operating life for approximately 15 more years, it is important to avoid any inadvertent or unintended early termination of the JVA.  
Accordingly, we have agreed, for purposes of clarification, that:
		
	(a)
	the TS Period, beginning in December 2014 and ending on the Outside Date (or such other date as may be expressly mutually agreed by the Participants), shall not constitute a cessation of production from the Properties on a continuous basis at that time as referred to in section 2.5 of the JVA; 

		
	(b)
	any C&M adopted in accordance with section 7.2(b)(xi) of the JVA (including the deemed approval under paragraph C above) will constitute a cessation of production from the Properties on a continuous basis per section 2.5 of the JVA; and

		
	(c)
	if C&M were adopted by the deemed approval under paragraph C above, the 1500 consecutive day production provision in the last sentence of section 2.5 of the JVA would begin on July 1, 2015 and would expire on August 8, 2019, subject to an earlier unanimous vote of the Management Committee under section 7.2(b) of the JVA including the vote to terminate C&M.

		
	F.
	Amendments or Modifications to the JVA

With respect to section 7.2(b) of the JVA and the definition of “Care and Maintenance”, this letter agreement shall be a supplemental amendment of the JVA and in the event of a conflict between such amendment and the JVA, the terms of this letter agreement shall govern.  In all other respects, it is the intent of this letter agreement to clarify our approach to the matters referred to above and which are not expressly addressed in the JVA and such clarifications shall not be deemed to be modifications of or amendments to the terms and conditions of the JVA.
		
	G.
	Miscellaneous Provisions

Article XVII (Disputes) of the JVA shall be deemed to be incorporated into this letter and all references to “Agreement” in such Article shall be deemed to mean this letter.   
Please confirm your agreement with the foregoing by signing and returning to us the enclosed counterpart of this letter.
Yours truly,
SOJITZ MOLY RESOURCES, INC.
By: /s/ Katsuyoshi Tokumoto                        
Name:Katsuyoshi/Tokumoto
Title  :Director / Chairman / President

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We hereby confirm and agree to be bound by the terms of this letter, this 19th day of May, 2015.
THOMPSON CREEK MINING LTD.
By: /s/ Mark Wilson                            
Name: Mark Wilson
Title: EVP and Chief Commercial Officer

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