AMENDMENT NO.3 TO CONTRIBUTION AND SALE AGREEMENT
Exhibit
10.21
AMENDMENT
NO.3
TO
THIS
AMENDMENT NO. 3 TO CONTRIBUTION AND SALE AGREEMENT (this "Amendment") is made as of
March 14, 2008 by and among Genesis Energy, L.P., a Delaware limited partnership
(the "Buyer"), on the
one hand, and Xxxxxxx Petroleum Products, L.L.C., a Louisiana limited liability
company, Xxxxxxx Transport, Inc., a Louisiana corporation, Transport Company, an
Arkansas corporation, Xxxxxxx Terminal Service, Inc., a Louisiana corporation,
Sunshine Oil and Storage, Inc., a Louisiana corporation, T&T Chemical, Inc.,
an Arkansas corporation, Fuel Masters, LLC, a Texas limited liability company,
TDC, L.L.C., a Louisiana limited liability company, and Red River Terminals,
L.L.C., a Louisiana limited liability company (each a "Seller", and collectively,
the "Sellers"), on the
other hand. The Buyer and the Sellers are, collectively, the "Parties". Any capitalized
term used, but not defined, in this Amendment shall have the meaning given such
term in the Agreement (defined below).
INTRODUCTION
A. The
Parties entered into the Contribution and Sale Agreement dated as of April 25,
2007, as amended by Amendment No.1 to Contribution and Sale Agreement dated as
of July 25, 2007 and Amendment No. 2 to Contribution and Sale Agreement dated as
of October 15, 2007 (as amended and in effect immediately prior to the date of
this Amendment, the "Agreement").
B. The
Parties desire to amend the Agreement as set forth in this
Amendment. In consideration of the premises, the representations and
warranties, and the mutual promises made in this Amendment and the Agreement,
the Parties agree as follows:
1. Amendment. Section 10(n) of
the Agreement is hereby amended by restating the phrase “90 days following the
closing date” in the fifth line thereof as follows: "March 14,
2008".
2. Entire Agreement. This
Amendment constitutes the entire agreement and understanding of the Parties with
respect to its subject matter and supersedes all oral communication and prior
writings (except as otherwise provided herein) with respect
thereto.
3. Amendments. No amendment,
modification or waiver in respect of this Amendment will be effective unless in
writing (including a writing evidenced by a facsimile transmission) and executed
by each of the Parties.
4. Counterparts. This Amendment
may be executed and delivered in counterparts (including by facsimile
transmission), each of which will be deemed an original. All signatures need not
be on one counterpart.
5. Governing Law. This Amendment
will be governed by and construed in accordance with the law of the State of
Texas (without reference to choice of law doctrine).
IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment No.3 to be duly
executed as of the date first above written.
BUYER:
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GENESIS
ENERGY, L.P.
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By:
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Genesis
Energy, Inc., its sole general partner
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By:
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/s/ Xxxxx X.
Xxxx
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Name:
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Xxxxx
X. Xxxx
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Title:
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Chief
Executive Officer
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SELLERS:
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XXXXXXX
PETROLEUM PRODUCTS, L.L.C.
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Manager
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XXXXXXX TRANSPORT, INC. | ||
By:
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/s/ Xxxxx X. Xxxxxxx,
Xx.
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Name:
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Xxxxx
X. Xxxxxxx, Xx.
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Title:
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President
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TRANSPORT
COMPANY
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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President
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XXXXXXX
TERMINAL SERVICE, INC.
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By:
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/s/ Xxxxx X. Xxxxxxx,
Xx.
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Name:
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Xxxxx
X. Xxxxxxx, Xx.
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Title:
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President
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SUNSHINE
OIL & STORAGE, INC.
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By:
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/s/ Xxxxx X. Xxxxxxx
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Name:
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Xxxxx
X. Xxxxxxx
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Title:
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President
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T&T
CHEMICAL, INC.
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By:
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/s/ Xxxxx X. Xxxxxxx,
Xx.
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Name:
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Xxxxx
X. Xxxxxxx, Xx.
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Title:
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President
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FUEL
MASTERS, LLC
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By:
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/s Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Secretary/Treasurer
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TDC,
L.L.C.
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By:
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/s/ Xxxxx Xxxxxxxxx
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Name:
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Xxxxx
Xxxxxxxxx
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Title:
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Manager
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Red
River Terminal, L.L.C.
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By:
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/s/ Xxxx X. Xxxxxxx
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Name:
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Xxxx
X. Xxxxxxx
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Title:
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President
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