SEC Contract Filing

Filing Date: 2015-12-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>d60399dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B></B><B><I>Execution Version</I></B><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO CREDIT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Second Amendment to Credit Agreement (this &#147;<B><U>Amendment</U></B>&#148;) is entered into effective as of the 2<SUP
STYLE="font-size:85%; vertical-align:top">nd</SUP> day of December, 2015 (the &#147;<B><U>Second Amendment Effective Date</U></B>&#148;), by and among Sunoco LP, a Delaware limited partnership (&#147;<B><U>Borrower</U></B>&#148;), Bank of America,
N.A., as Administrative Agent (in such capacity, the &#147;<B><U>Administrative Agent</U></B>&#148;), Collateral Agent (in such capacity, the &#147;<B><U>Prior Collateral Agent</U></B>&#148;), Swingline Lender and an LC Issuer, and the financial
institutions parties hereto as Lenders (&#147;<B><U>Lenders</U></B>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Borrower, Administrative Agent and the Lenders are parties to that certain Credit Agreement, dated as of September&nbsp;25, 2014 (as
amended by that certain First Amendment to Credit Agreement and Increase Agreement dated as of as April&nbsp;10, 2015 and as otherwise amended, restated, supplemented or modified prior to the date hereof, the &#147;<B><U>Existing Credit
Agreement</U></B>&#148; and the Existing Credit Agreement, as amended by this Amendment, the &#147;<B><U>Credit Agreement</U></B>&#148;) (unless otherwise defined herein, all terms used herein with their initial letter capitalized shall have the
meaning given such terms in the Credit Agreement); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to that certain Contribution Agreement dated as of November&nbsp;15,
2015 among the Borrower, Sunoco GP LLC, Sunoco, LLC, a Delaware limited liability company (&#147;<B><U>Sunoco LLC</U></B>&#148;), Sunoco, Inc., ETP Retail Holdings, LLC, and Energy Transfer Partners, L.P. (the &#147;<B><U>Contribution
Agreement</U></B>&#148;), Borrower will acquire (the &#147;<B><U>Drop Down</U></B>&#148; and the date that the Drop Down is consummated pursuant to the terms of the Contribution Agreement, the &#147;<B><U>Dropdown Effective Date</U></B>&#148;),
directly or through one or more of its wholly owned domestic subsidiaries, 100% of the equity interest of Sunoco Retail, LLC, a Pennsylvania limited liability company (&#147;<B><U>Sunoco Retail</U></B>&#148;) and 68.42% of the equity interest in
Sunoco LLC; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the Drop Down, the Borrower intends (i)&nbsp;to obtain a $2.035 billion senior secured term loan
facility (the &#147;<B><U>Term Loan Facility</U></B>&#148;) on terms substantially consistent with those listed on <U>Schedule A</U> hereto, and (ii)&nbsp;to issue certain equity securities to a group of private investors and Energy Transfer Equity,
L.P. in certain private investment in public equity offerings (collectively, the &#147;<B><U>PIPE Offering</U></B>&#148; and, together with the Drop Down and the consummation of the Term Loan Facility, the &#147;<B><U>Transactions</U></B>&#148;);
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Term Loan Facility will be secured by the Collateral on a pari passu basis with the Obligations under the Credit Agreement
and, in order to effectuate the foregoing, the Lenders desire that (a)&nbsp;the Administrative Agent, on behalf of the Secured Parties, enter into a collateral agency agreement (as amended, restated, supplemented or otherwise modified from time to
time, the &#147;<B><U>Collateral Agency Agreement</U></B>&#148;) whereby the Administrative Agent, on behalf of the Secured Parties, shall consent to the appointment of a common collateral agent with respect to the Collateral and (b)&nbsp;certain of
the Collateral Documents be amended, restated, amended and restated, supplemented or otherwise modified in order to evidence such pari passu liens; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in order to incur Indebtedness pursuant to the Term Loan Facility and to secure the Term Loan Facility on a pari passu basis with the
Obligations under the Credit Agreement, the Borrower has requested (and the Lenders have agreed) to make certain amendments to the Existing Credit Agreement; and </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, subject to and upon the terms and conditions set forth herein, the Lenders have agreed
to enter into this Amendment; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, Borrower, Administra