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EXHIBIT 10.2
FORM OF CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT
THIS CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT, dated as of
February ____, 2001, is entered into by and among Xxxxxxxx Energy Partners L.P.,
a Delaware limited partnership (the "MLP"); Xxxxxxxx OLP, L.P., a Delaware
limited partnership (the "OLP"); Xxxxxxxx XX LLC, a Delaware limited liability
company ("GP LLC"); Xxxxxxxx Energy Services, LLC, a Delaware limited liability
company ("XXX"); Xxxxxxxx Natural Gas Liquids, Inc., a Delaware corporation
("WNGL"); Xxxxxxxx NGL, LLC, a Delaware limited liability company ("WNGL LLC");
Xxxxxxxx Terminals Holdings, L.P., a Delaware limited partnership ("Terminals
LP"); Xxxxxxxx Terminals Holdings, L.L.C., a Delaware limited liability company
("WTH LLC"); Xxxxxxxx Ammonia Pipeline, L.P., a Delaware limited partnership
("WAP LP"); and Xxxxxxxx Bio-Energy, LLC ("WBE LLC"), a Delaware limited
liability company.
RECITALS
WHEREAS, XXX and GP LLC have formed the MLP pursuant to the
Delaware Revised Uniform Limited Partnership Act (the "Delaware Act"), for the
purpose of acquiring, owning and operating the assets of Xxxxxxxx Energy
Ventures, Inc., a Delaware corporation ("WEV"), and subsidiaries of WEV and WNGL
used in storage, transportation and distribution of refined petroleum products
and ammonia except for the Excluded Assets, as hereinafter defined;
WHEREAS, in order to accomplish the objectives and purposes in
the preceding recital, the following actions have been taken prior to the date
hereof:
1. XXX has formed GP LLC, a Delaware limited liability company, and
contributed $1,000 in exchange for all of the membership interests in
GP LLC;
2. XXX and GP LLC have formed the MLP to which XXX contributed $990 in
exchange for a 99% limited partner interest, and GP LLC contributed $10
in exchange for a 1% general partner interest in the MLP;
3. GP LLC and the MLP have formed the OLP to which GP LLC contributed
$10.10 in exchange for a 1.0101% general partner interest and the MLP
contributed $989.90 in exchange for a 98.9899% limited partner interest
in the OLP;
4. WEV has formed WBE LLC and contributed $1,000 in exchange for all of
the membership interests in WBE LLC; and
5. WNGL has formed WNGL LLC and contributed $1,000 in exchange for all
of the membership interests in WNGL LLC;
WHEREAS, concurrently with the consummation of the
transactions contemplated hereby, each of the following matters shall occur:
1. XXX will contribute 1% of the stock of WEV to GP LLC as a capital
contribution and WEV will file articles of conversion to convert itself
into Terminals LP designating GP LLC as the 1% general partner and XXX
as the 99% limited partner.
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2. Terminals LP will contribute the Excluded Assets to WBE LLC and WBE
LLC will assume all liabilities associated with such assets.
3. Terminals LP will distribute 99% of its interest in WBE LLC to XXX
and 1% of its interest in WBE LLC to GP LLC and, in turn, GP LLC will
distribute its interest in WBE LLC to XXX.
4. WNGL will contribute .001% of the stock of Xxxxxxxx Ammonia
Pipeline, Inc., a Delaware corporation ("WAPI") to WNGL LLC, and WAPI
will file articles of conversion to convert itself into WAP LP
designating WNGL LLC as the .001% general partner and WNGL as the
99.999% limited partner.
5. WNGL will contribute its interest in WNGL LLC and a _________
percent (___%) interest in WAP LP to GP LLC in exchange for a _________
percent (___%) interest in GP LLC.
6. XXX will contribute a _________ percent (___%) interest in Terminals
LP to GP LLC in exchange for a _________ percent (___%) additional
interest in GP LLC.
7. WNGL will contribute its remaining _________ percent (___%) interest
in WAP LP; XXX will contribute its remaining _________ percent (___%)
interest in Terminals LP; and GP LLC will contribute (a) a _________
percent (___%) interest in WAP LP and a _________ percent (___%)
interest in Terminals LP and (b) its remaining _________ percent (___%)
interest in WNGL LLC to the OLP, all in exchange for (x) an OLP limited
partner interest, (y) an OLP limited partner interest and (z) a 1.0101%
OLP general partner interest, respectively.
8. The OLP will contribute a .001% interest in Terminals LP to WNGL LLC
as a capital contribution and that interest will become a general
partner interest in Terminals LP.
9. The OLP will borrow $90,100,000 on a nonrecourse basis (to GP LLC).
10. The Agreements of Limited Partnership of each of the following will
be amended and restated to reflect the applicable matters set forth
above and in Articles II and IV of this Agreement:
(a) the MLP; and
(b) the OLP.
11. The Limited Liability Company Agreements of each of the following
will be amended to reflect the applicable matters set forth in Articles
II and IV of this Agreement:
(a) Wiljet;
(b) NE LLC;
(c) WNGL LLC;
(d) WPH LLC; and
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(e) WTH LLC.
NOW, THEREFORE, in consideration of their mutual undertakings
and agreements hereunder, the parties to this Agreement undertake and agree as
follows:
ARTICLE I
Definitions; Concurrent Transactions
1.1 Definitions. The following capitalized terms shall have the
meanings given below.
"Agreement" means this Contribution, Conveyance and Assumption
Agreement.
"Common Units" means common limited partner interests in
the MLP.
"Conveyance, Assignment and Xxxx of Sale" means a Conveyance,
Assignment and Xxxx of Sale in recordable form from Terminals LP to WBE LLC
conveying the Excluded Assets, the form of which is attached hereto as Exhibit
A.
"Delaware Act" has the meaning assigned to such term in the
Recitals to this Agreement.
"Effective Time" means 12:01 a.m. Eastern Standard Time on
_____________, 2001.
"Excluded Assets" means all of Terminals LP's interest in and
to the following matters:
(a) the real property and other property interests
described in that certain Conveyance, Assignment and Xxxx of
Sale of even date herewith from Terminals LP to WBE LLC
including (i) the United terminal facility at the Phoenix,
Arizona airport, (ii) its Aurora, Ohio petroleum products
terminal facility located at 0000 Xxxxx Xxxxxxxxxxx, Xxxxxx,
Xxxx and (iii) miscellaneous office furnishings, network
hardware, network software, and certain tenant finish on the
36th floor of the building located at Xxx Xxxxxxxx Xxxxxx,
Xxxxx, Xxxxxxxx (herein all matters in this clause [a] being
collectively called the "Terminals LP Real and Personal
Assets");
(b) Xxxxxxxx Ethanol Services Inc. ("WESI");
(c) Remaining fifty percent (50%) membership interest
in Wiljet, L.L.C., a Delaware limited liability company
("Wiljet"); and
(d) Remaining seventy-one percent (71%) membership
interest in Nebraska Energy, L.L.C. ("NE LLC").
"GP LLC" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"Laws" means any and all laws, statutes, ordinances, rules or
regulations promulgated by a governmental authority, orders of a governmental
authority, judicial decisions, decisions of arbitrators or determinations of any
governmental authority or court.
"MLP" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"NE LLC" shall have the meaning assigned to such term in the
definition of "Excluded Assets".
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"OLP" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"OLP Aggregate Interests" shall have the meaning assigned to
such term in Section 2.25.
"OLP Interest of WNGL" shall have the meaning assigned to such
term in Section 2.18.
"OLP Interest of XXX" shall have the meaning assigned to such
term in Section 2.19.
"Option" shall have the meaning assigned to such term in
Section 3.03.
"Partial Terminals LP Interest of XXX" shall have the meaning
assigned to such term in Section 2.11.
"Partial WAP LP Interest of WNGL" shall have the meaning
assigned to such term in Section 2.10.
"Remaining Terminals LP Interest of XXX" shall have the
meaning assigned to such term in Section 2.13.
"Remaining WAP LP Interest of WNGL" shall have the meaning
assigned to such term in Section 2.12.
"Restriction" shall have the meaning assigned to such term in
Section 9.2.
"Restriction-Asset" shall have the meaning assigned to such
term in Section 9.2.
"Specific Conveyances" shall have the meaning assigned to such
term in Section 2.26.
"Subordinated Units" means subordinated limited partner
interests in the MLP.
"Terminals LP" shall have the meaning assigned to such term in
the first paragraph of this Agreement.
"Terminals LP Assumed Liabilities" means all of Terminals LP
liabilities arising from or relating to the Terminals LP Real and Personal
Assets, as of the Effective Time, of every kind, character and description,
whether known or unknown, accrued or contingent, and whether or not reflected on
the books and records of Terminals LP as of the Effective Time.
"Terminals LP Interest in Wiljet" shall have the meaning
assigned to such term in Section 2.4.
"Terminals LP Interest in NE LLC" shall have the meaning
assigned to such term in Section 2.5.
"Terminals LP Partial Interest of the OLP" shall have the
meaning assigned to such term in Section 2.15.
"Terminals LP Real and Personal Assets" shall have the meaning
assigned to such term in the definition of "Excluded Assets".
"WAP LP and Terminals LP Interests of GP LLC" shall have the
meaning assigned to such term in Section 2.17.
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"WAP LP and Terminals LP Interests of the MLP" shall have the
meaning assigned to such term in Section 2.20.
"WAPI" shall have the meaning assigned to such term in the
Recitals to this Agreement. "WAPI Stock" shall have the meaning assigned to such
term in Section 2.8.
"WAP LP" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"WBE LLC" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"WBE LLC Interest of GP LLC" shall have the meaning assigned
to such term in Section 2.7.
"WBE LLC Interest of Terminals LP" shall have the meaning
assigned to such term in Section 2.6.
"WESI" shall have the meaning assigned to such term in the
definition of "Excluded Assets".
"WESI Stock" shall have the meaning assigned to such term in
Section 2.3.
"WEV" shall have the meaning assigned to such term in the
Recitals to this Agreement.
"WEV Stock" shall have the meaning assigned to such term in
Section 2.1.
"Wiljet" shall have the meaning assigned to such term in the
definition of "Excluded Assets".
"WNGL" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"WNGL LLC" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
"WNGL LLC Interest of WNGL" shall have the meaning assigned to
such term in paragraph 2.9 of this Agreement.
"WPH LLC" means Xxxxxxxx Pipelines Holdings, L.L.C., a
Delaware limited liability company.
"WPH LLC and WTH LLC Interests" shall have the meaning
assigned to such term in paragraph 2.24 of this Agreement.
"WTH LLC" shall have the meaning assigned to such term in the
first paragraph of this Agreement.
1.2 Recordation of Evidence of Ownership of Assets. In connection
with the conversions and mergers under the Delaware Act that are referred to in
the recitals to this Agreement, the parties to this Agreement acknowledge that
certain jurisdictions in which the assets of the applicable parties to such
conversions and mergers are located may require that documents be recorded by
the entities resulting from such conversions and mergers in order to evidence
title in such entities. All such
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documents shall evidence such new ownership and are not intended to modify, and
shall not modify, any of the terms, covenants and conditions herein set forth.
ARTICLE II
CONTRIBUTIONS OF VARIOUS ASSETS AND PARTNERSHIP
AND LIMITED LIABILITY COMPANY INTERESTS
2.1 Contribution of WEV Common Stock by XXX to GP LLC. XXX hereby
grants, contributes, transfers and conveys to GP LLC, its successors and
assigns, all right, title and interest in and to one percent (1%) of the common
stock of WEV equal to [___] shares of such common stock (the "WEV Stock"), and
GP LLC hereby accepts the WEV Stock as a contribution to the capital of GP LLC.
TO HAVE AND TO HOLD the WEV Stock unto GP LLC, its successors and
assigns, together with all and singular the rights and appurtenances thereto in
anywise belonging, subject, however, to the terms and conditions stated in this
Agreement, forever.
2.2 Contribution by Terminals LP to WBE LLC of the Terminals LP Real
and Personal Assets. Terminals LP hereby grants, contributes, transfers, assigns
and conveys to WBE LLC, its successors and assigns, for its and their own use
forever, all right, title and interest of Terminals LP in and to the Terminals
LP Real and Personal Assets, and WBE LLC hereby accepts the Terminals LP Real
and Personal Assets, as a contribution to the capital of WBE LLC.
TO HAVE AND TO HOLD the Terminals LP Real and Personal Assets
unto WBE LLC, its successors and assigns, together with all and singular the
rights and appurtenances thereto in anywise belonging, subject, however, to the
terms and conditions stated in this Agreement, forever.
2.3 Contribution by Terminals LP to WBE LLC of WESI Common Stock.
Terminals LP hereby grants, contributes, transfers, assigns and conveys to WBE
LLC, its successors and assigns, all right, title and interest in and to all of
the common stock of WESI equal to [___] shares of such common stock (the "WESI
Stock"), and WBE LLC hereby accepts the WESI Stock as an additional contribution
to the capital of WBE LLC.
TO HAVE AND TO HOLD the WESI Stock unto WBE LLC, its successors and
assigns, together with all and singular the rights and appurtenances thereto in
anywise belonging, subject, however, to the terms and conditions stated in this
Agreement, forever.
2.4 Contribution by Terminals LP to WBE LLC of Interest in Wiljet.
Terminals LP hereby grants, distributes, transfers, assigns and conveys to WBE
LLC, its successors and assigns, for its own use forever, all right, title and
interest of Terminals LP in and to Wiljet, being a __________ percent (___%)
membership interest (the "Terminals LP Interest in Wiljet"), and WBE LLC hereby
accepts the Terminals LP Interest in Wiljet.
TO HAVE AND TO HOLD the Terminals LP Interest in Wiljet unto WBE
LLC, its successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.5 Contribution by Terminals LP to WBE LLC of Interest in NE LLC.
Terminals LP hereby grants, distributes, transfers, assigns and conveys to WBE
LLC, its successors and assigns, for its own use forever, all right, title and
interest of Terminals LP in and to NE LLC, being a
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__________ percent (___%) membership interest (the "Terminals LP Interest in NE
LLC"), and WBE LLC hereby accepts the Terminals LP Interest in NE LLC.
TO HAVE AND TO HOLD the Terminals LP Interest in NE LLC unto WBE
LLC, its successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.6 Distributions by Terminals LP to XXX and GP LLC of Interest in WBE
LLC. Terminals LP hereby grants, distributes, transfers, assigns and conveys to
XXX and GP LLC, their respective successors and assigns, for their own use
forever, all right, title and interest of Terminals LP in and to WBE LLC, being
a __________ percent (___%) membership interest (the "WBE LLC Interest of
Terminals LP"), in the following percentage interests:
(i) To XXX, a ninety-nine percent (99%) interest; and
(ii) To GP LLC, a one percent (1%) interest;
and XXX and GP LLC hereby accept the WBE LLC Interest of Terminals LP in the
respective percentage interests set forth above.
TO HAVE AND TO HOLD the WBE LLC Interest of Terminals LP unto XXX
and GP LLC in the respective percentage interests set forth immediately above,
their successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.7 Distribution by GP LLC of Interest in WBE LLC to XXX. GP LLC hereby
grants, distributes, transfers, assigns and conveys to XXX, its successors and
assigns, for its own use forever, all right, title and interest of GP LLC in and
to WBE LLC, being a __________ percent (___%) membership interest (the "WBE LLC
Interest of GP LLC"), and XXX hereby accepts the WBE LLC Interest of GP LLC.
TO HAVE AND TO HOLD the WBE LLC Interest of GP LLC unto XXX, its
successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.8 Contribution of WAPI Common Stock by WNGL to WNGL LLC. WNGL hereby
grants, contributes, transfers, assigns and conveys to WNGL LLC, its successors
and assigns, all right, title and interest in and to .001% of the common stock
of WAPI equal to [ ] shares of such common stock (the "WAPI Stock"), and WNGL
LLC hereby accepts the WAPI Stock as an additional contribution to the capital
of WNGL LLC.
TO HAVE AND TO HOLD the WAPI Stock unto WNGL LLC, its successors
and assigns, together with all and singular the rights and appurtenances thereto
in anywise belonging, subject, however, to the terms and conditions stated in
this Agreement, forever.
2.9 Contribution of Interest in WNGL LLC by WNGL to GP LLC. WNGL hereby
grants, contributes, transfers, assigns and conveys to GP LLC, its successors
and assigns, all right, title and interest in and to WNGL LLC, being a
__________ percent (___%) membership interest (the "WNGL LLC Interest of WNGL"),
and GP LLC hereby accepts the WNGL LLC Interest of WNGL as a contribution to the
capital of WNGL LLC in exchange for a _____ percent (___%) membership interest
in GP LLC.
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TO HAVE AND TO HOLD the WNGL LLC Interest of WNGL unto GP LLC, its
successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.10 Contribution of Interest in WAP LP by WNGL to GP LLC. WNGL hereby
grants, contributes, transfers, assigns and conveys to GP LLC, its successors
and assigns, all right, title and interest in and to __________ percent (_____%)
of its limited partner interest in WAP LP (the "Partial WAP LP Interest of
WNGL"), and GP LLC hereby accepts the Partial WAP LP Interest of WNGL as a
contribution to the capital of GP LLC in exchange for __________ (__%)
membership interest in GP LLC, with the resulting aggregate interest of WNGL in
GP LLC being equal to (__%).
TO HAVE AND TO HOLD the Partial WAP LP Interest of WNGL unto GP
LLC, its successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.11 Contribution of Interest in Terminals LP by XXX to GP LLC. XXX
hereby grants, contributes, transfers, assigns and conveys to GP LLC, its
successors and assigns, all right, title and interest in and to __________
percent (_____%) of its limited partner interest in Terminals LP (the "Partial
Terminals LP Interest of XXX"), and GP LLC hereby accepts the Partial Terminals
LP Interest of XXX as an additional contribution to the capital of GP LLC in
exchange for a ________ percent (___%) membership interest in GP LLC with the
resulting aggregate interest of XXX in GP LLC being equal to _______ percent
(__%).
TO HAVE AND TO HOLD the Partial Terminals LP Interest of XXX unto
GP LLC, its successors and assigns, together with all and singular the rights
and appurtenances thereto in anywise belonging, subject, however, to the terms
and conditions stated in this Agreement, forever.
2.12 Contribution of the Remaining Interest in WAP LP by WNGL to the
OLP. WNGL hereby grants, contributes, transfers, assigns and conveys to the OLP,
its successors and assigns, all right, title and interest in and to all of its
remaining __________ percent (___%) limited partner interest in WAP LP (the
"Remaining WAP LP Interest of WNGL"), and the OLP hereby accepts the Remaining
WAP LP Interest of WNGL as a contribution to the capital of the OLP in exchange
for a _________ percent (___%) limited partner interest in the OLP.
TO HAVE AND TO HOLD the Remaining WAP LP Interest of WNGL unto the
OLP, its successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.13 Contribution of the Remaining Interest in Terminals LP by XXX to
the OLP. XXX hereby grants, contributes, transfers, assigns and conveys to the
OLP, its successors and assigns, all right, title and interest in and to all of
its remaining __________ percent (___%) limited partner interest in Terminals LP
(the "Remaining Terminals LP Interest of XXX"), and the OLP hereby accepts the
Remaining Terminals LP Interest of XXX as a contribution to the capital of the
OLP in exchange for a _________ percent (___%) limited partner interest in the
OLP.
TO HAVE AND TO HOLD the Remaining Terminals LP Interest of XXX unto
the OLP, its successors and assigns, together with all and singular the rights
and appurtenances thereto in anywise belonging, subject, however, to the terms
and conditions stated in this Agreement, forever.
2.14 Contribution of Interests in WAP LP, Terminals LP and WNGL LLC by
GP LLC to the OLP. GP LLC hereby grants, contributes, transfers, assigns and
conveys to the OLP, its successors and assigns, all of its right, title and
interest in and to (a) __________ percent (___%)
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interest of its limited partner interest in WAP LP , (b) ___________ percent
(___%) of its limited partner interest in Terminals LP and (c) WNGL LLC (herein
collectively called the "GP LLC Aggregate Interests"), and the OLP hereby
accepts the GP LLC Aggregate Interests as a contribution to the capital of OLP
in exchange for a 1.0101% general partner interest in the OLP, resulting in an
aggregate interest of [____________%] in the OLP.
TO HAVE AND TO HOLD the GP LLC Aggregate Interests unto the OLP,
its successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.15 Contribution of Interest in Terminals LP by the OLP to WNGL LLC.
The OLP hereby grants, contributes, transfers, assigns and conveys to WNGL LLC,
its successors and assigns, a .001% interest in and to its limited partner
interest in Terminals LP, which is converted into a .001% general partner
interest in Terminals LP (the "Terminals LP Partial Interest of the OLP"), and
WNGL LLC hereby accepts the Terminals LP Partial Interest of the OLP as an
additional contribution to the capital of WNGL LLC.
TO HAVE AND TO HOLD the Terminals LP Partial Interest of the OLP
unto WNGL LLC, its successors and assigns, together with all and singular the
rights and appurtenances thereto in anywise belonging, subject, however, to the
terms and conditions stated in this Agreement, forever.
2.16 Public Cash Contribution. The parties to this Agreement
acknowledge a cash contribution of $75,000,000 from the public to the MLP in
exchange for 3,600,000 Common Units.
2.17 Contribution of Remaining Interest in WAP LP and Terminals LP by
GP LLC to the MLP. GP LLC hereby grants, contributes, transfers, assigns and
conveys to the MLP, its successors and assigns, (a) all of its _________ percent
(___%) limited partner interest in WAP LP and (b) all of its one percent (1%)
general partner interest (which is converted to a limited partner interest) in
Terminals LP (collectively, the "WAP LP and Terminals LP Interests of GP LLC"),
and the MLP hereby accepts the WAP LP and Terminals LP Interests of GP LLC as an
additional contribution to the capital of the MLP in exchange for a one percent
(1%) general partner interest in the MLP, resulting in an aggregate interest of
___________ (__%) in the MLP.
TO HAVE AND TO HOLD the WAP LP and Terminals LP Interests of GP LLC
unto the MLP, its successors and assigns, together with all and singular the
rights and appurtenances thereto in anywise belonging, subject, however, to the
terms and conditions stated in this Agreement, forever.
2.18 Contribution of Remaining Interest in the OLP by WNGL to the MLP.
WNGL hereby grants, contributes, transfers, assigns and conveys to the MLP, its
successors and assigns, all of its remaining limited partner interest in the
OLP, being a ____ percent (____%) limited partner interest
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(the "OLP Interest of WNGL"), and the MLP hereby accepts the OLP Interest of
WNGL as an additional contribution to the capital of the MLP in exchange for
1,931,002 Common Units to WNGL.
TO HAVE AND TO HOLD the OLP Interest of WNGL unto the MLP its
successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.19 Contribution of Remaining Interest in the OLP by XXX to the MLP.
XXX hereby grants, contributes, transfers, assigns and conveys to the MLP, its
successors and assigns, all of its remaining limited partner interest in the
OLP, being a ____ percent (____%) limited partner interest (the "OLP Interest of
XXX"), and the MLP hereby accepts the OLP Interest of XXX as an additional
contribution to the capital of the MLP in exchange for 5,681,002 Subordinated
Units to XXX.
TO HAVE AND TO HOLD the OLP Interest of XXX unto the MLP its
successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.20 Contribution of Interests in WAP LP and Terminals LP by the MLP to
the OLP. The MLP hereby grants, contributes, transfers, assigns and conveys to
the OLP, its successors and assigns, all of its interests in and to (a) its
________ percent (___%) limited partner interest in WAP LP and (b) its ________
percent (___%) limited partner interest in Terminals LP (collectively, the "WAP
LP and Terminals LP Interests of the MLP"), and the OLP hereby accepts the WAP
LP and Terminals LP Interests of the MLP as an additional contribution to the
capital of the OLP.
TO HAVE AND TO HOLD the WAP LP and Terminals LP Interests of the
MLP unto the OLP, its successors and assigns, together with all and singular the
rights and appurtenances thereto in anywise belonging, subject, however, to the
terms and conditions stated in this Agreement, forever.
2.21 MLP Cash Contribution to the OLP. The OLP acknowledges receipt
from the MLP of [$75,000,000] in cash obtained from the public offering
described in Section 2.16 above as an additional capital contribution by the MLP
to the OLP, and the parties to this Agreement acknowledge that the OLP has used
such capital contribution (a) to pay all of the underwriting discounts and
offering expenses incurred by the MLP in connection with the public offering of
the Common Units and (b) to make an additional capital contribution to Terminals
LP as described in Section 2.22.
2.22 OLP Cash Contribution. Terminals LP acknowledges receipt of an
additional capital contribution by the OLP of $_____________ of even date
herewith, which is being contributed by Terminals LP to WTH LLC.
2.23 Terminals LP Cash Contribution. WTH LLC acknowledges receipt of an
additional capital contribution by Terminals LP of $_____________ of even date
herewith, and the parties to this Agreement acknowledge that such amount is
being paid by WTH LLC to Xxxxxxxx to repay $_____________ of the amount of its
outstanding indebtedness owed to Xxxxxxxx.
2.24 Distribution to the OLP by Terminals LP of Interests in WPH LLC
and WTH LLC. Terminals LP hereby grants, distributes, transfers, assigns and
conveys to the OLP, its successors and assigns, for their own use forever, all
right, title and interest of Terminals LP in and to its membership interests in
WPH LLC and WTH LLC, being a _________ percent (___%) and _________ percent
(___%) interest, respectively, (the "WPH LLC and WTH LLC Interests"), and the
OLP hereby accepts the WPH LLC and WTH LLC Interests.
TO HAVE AND TO HOLD the WPH LLC and WTH LLC Interests unto the OLP,
its successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.25 Contribution of Interests in WPH LLC and WTH LLC by the OLP to
WNGL LLC. The OLP hereby grants, contributes, transfers and conveys to WNGL LLC,
its successors and assigns, a .001% membership interest in and to each of WPH
LLC and WTH LLC (herein collectively called the "OLP Aggregate Interests"), and
WNGL LLC hereby accepts the OLP Aggregate Interests as an additional
contribution to the capital of WNGL.
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TO HAVE AND TO HOLD the OLP Aggregate Interests unto WNGL LLC, its
successors and assigns, together with all and singular the rights and
appurtenances thereto in anywise belonging, subject, however, to the terms and
conditions stated in this Agreement, forever.
2.26 Specific Conveyances. To further evidence the asset contribution
set forth in Section 2.2 above and to more fully and effectively convey record
title with respect to the real property included in the Excluded Assets,
Terminals LP has executed and delivered to WBE LLC certain Conveyance,
Assignment and Xxxx of Sale instruments (the "Specific Conveyances"). The
Specific Conveyances shall evidence and perfect the sale and contribution made
by this Agreement and shall not constitute a second conveyance of the Excluded
Assets or interests therein and shall be subject to the terms of this Agreement.
The Specific Conveyances are not intended to modify, and shall not modify, any
of the terms, covenants and conditions herein set forth and are not intended to
create, and shall not create, any additional covenants or warranties of or by
Terminals LP.
ARTICLE III
ADDITIONAL TRANSACTIONS
3.01 Conversion of WPH LLC to Xxxxxxxx Pipelines Holdings, L.P. The
parties to this Agreement acknowledge that WPH LLC has adopted articles of
conversion and has converted to Xxxxxxxx Pipelines Holdings, L.P., a Delaware
limited partnership, having (a) WNGL LLC as the general partner owning a
__________ percent (___%) general partner interest and (b) the OLP as the
limited partner owning a __________ percent (___%) limited partner interest.
3.02 Merger of WTH LLC into Terminals LP. The parties to this Agreement
acknowledge that WTH LLC has merged into Terminals LP.
3.03 Purchase of Additional Common Units. The underwriters of the
public offering referred to in Section 2.16 above have been granted a 30-day
option (the "Option") to purchase up to [562,500] Common Units. If the Option is
exercised in whole or in part, the public, through the underwriters, will
contribute additional cash to the MLP in exchange for up to an additional
[562,500] Common Units, and the net proceeds thereof will be used to redeem
Common Units held by XXX as a partial reimbursement for capital expenditures
incurred by XXX.
ARTICLE IV
ASSUMPTION OF CERTAIN LIABILITIES
4.1 Assumption of Terminals LP Liabilities of Terminals LP by WBE LLC.
In connection with the contribution by Terminals LP of the Terminals LP Real and
Personal Assets to WBE LLC, as set forth in Section 2.2 above, WBE LLC hereby
assumes and agrees to duly and timely pay, perform and discharge all of the
Terminals LP Assumed Liabilities, to the full extent that Terminals LP has been
heretofore or would have been in the future, were it not for the execution and
delivery of this Agreement, obligated to pay, perform and discharge the
Terminals LP Assumed Liabilities; provided, however, that said assumption and
agreement to duly and timely pay, perform and discharge the Terminals LP Assumed
Liabilities shall not (i) increase the obligation of WBE LLC with respect to the
Terminals LP Assumed Liabilities beyond that of Terminals LP, (ii) waive any
valid defense that was available to Terminals LP with respect to the Terminals
LP Assumed Liabilities or (iii) enlarge any rights or remedies of any third
party under any of the Terminals LP Assumed Liabilities.
4.2 Assumption of Liabilities and Obligations of Terminals LP by WBE
LLC. In connection with the contribution by Terminals LP of the Terminals LP
Interest in Wiljet to WBE
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LLC, as set forth in Section 2.4 above, WBE LLC, according to the membership
percentage interest in Wiljet hereby assumes and agrees to duly and timely pay,
perform and discharge all obligations and liabilities of Terminals LP as such
member under the Limited Liability Company Agreement of Wiljet, to the full
extent that Terminals LP has been heretofore or would have been in the future,
were it not for the execution and delivery of this Agreement, obligated to pay,
perform and discharge such obligations and liabilities; provided, however, that
said assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of WBE LLC with
respect to such obligations and liabilities beyond that of Terminals LP to the
extent of such membership interest contributed by Terminals LP.
4.3 Assumption of Liabilities and Obligations of Terminals LP by WBE
LLC. In connection with the contribution by Terminals LP of the Terminals LP
Interest in NE LLC to WBE LLC, as set forth in Section 2.5 above, WBE LLC,
according to the membership percentage interest in NE LLC hereby assumes and
agrees to duly and timely pay, perform and discharge all obligations and
liabilities of Terminals LP as such member under the Limited Liability Company
Agreement of NE LLC, to the full extent that Terminals LP has been heretofore or
would have been in the future, were it not for the execution and delivery of
this Agreement, obligated to pay, perform and discharge such obligations and
liabilities; provided, however, that said assumption and agreement to duly and
timely pay, perform and discharge such obligations and liabilities shall not
increase the obligation of WBE LLC with respect to such obligations and
liabilities beyond that of Terminals LP to the extent of such membership
interest contributed by Terminals LP.
4.4 Assumption of Liabilities and Obligations of Terminals LP by XXX
and GP LLC. In connection with the distribution by Terminals LP of the WBE LLC
Interest of Terminals LP to XXX and GP LLC, as set forth in Section 2.6 above,
XXX and GP LLC, according to their respective membership percentage interests in
WBE LLC hereby assume and agree to duly and timely pay, perform and discharge
all obligations and liabilities of Terminals LP as such member under the Limited
Liability Company Agreement of WBE LLC, to the full extent that Terminals LP has
been heretofore or would have been in the future, were it not for the execution
and delivery of this Agreement, obligated to pay, perform and discharge such
obligations and liabilities; provided, however, that said assumption and
agreement to duly and timely pay, perform and discharge such obligations and
liabilities shall not increase the obligation of XXX or GP LLC with respect to
such obligations and liabilities beyond that of Terminals LP to the extent of
such membership interests distributed by Terminals LP.
4.5 Assumption of Liabilities and Obligations of GP LLC by XXX. In
connection with the distribution by GP LLC of the WBE LLC Interest of GP LLC to
XXX, as set forth in Section 2.7 above, XXX hereby assumes and agrees to duly
and timely pay, perform and discharge all obligations and liabilities of GP LLC
as such member under the Limited Liability Company Agreement of WBE LLC, to the
full extent that GP LLC has been heretofore or would have been in the future,
were it not for the execution and delivery of this Agreement, obligated to pay,
perform and discharge such obligations and liabilities; provided, however, that
said assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of XXX with
respect to such obligations and liabilities beyond that of GP LLC to the extent
of such membership interests distributed by GP LLC.
4.6 Assumption of Liabilities and Obligations of WNGL by GP LLC. In
connection with the contribution by WNGL of the WNGL LLC Interest of WNGL to GP
LLC, as set forth in Section 2.9 above, GP LLC hereby assumes and agrees to duly
and timely pay, perform and discharge all
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obligations and liabilities of WNGL as such member under the Limited Liability
Company Agreement of WNGL LLC, to the full extent that WNGL has been heretofore
or would have been in the future, were it not for the execution and delivery of
this Agreement, obligated to pay, perform and discharge such obligations and
liabilities; provided, however, that said assumption and agreement to duly and
timely pay, perform and discharge such obligations and liabilities shall not
increase the obligation of GP LLC with respect to such obligations and
liabilities beyond that of WNGL to the extent of such membership interest
contributed by WNGL.
4.7 Assumption of Liabilities and Obligations of WNGL by GP LLC. In
connection with the contribution by WNGL of the Partial WAP LP Interest of WNGL
to GP LLC, as set forth in Section 2.10 above, GP LLC hereby assumes and agrees
to duly and timely pay, perform and discharge all obligations and liabilities as
such a limited partner under the Agreement of Limited Partnership of WAP LP, to
the full extent that WNGL has been heretofore or would have been in the future,
were it not for the execution and delivery of this Agreement, obligated to pay,
perform and discharge such obligations and liabilities; provided, however, that
said assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of GP LLC with
respect to such obligations and liabilities beyond that of WNGL to the extent of
such limited partner interest contributed by WNGL.
4.8 Assumption of Liabilities and Obligations of XXX by GP LLC. In
connection with the contribution by XXX of the Partial Terminals LP Interest of
XXX, as set forth in Section 2.11 above, GP LLC hereby assumes and agrees to
duly and timely pay, perform and discharge all obligations and liabilities as
such a limited partner under the Agreement of Limited Partnership of Terminals
LP, to the full extent that XXX has been heretofore or would have been in the
future, were it not for the execution and delivery of this Agreement, obligated
to pay, perform and discharge such obligations and liabilities; provided,
however, that said assumption and agreement to duly and timely pay, perform and
discharge such obligations and liabilities shall not increase the obligation of
GP LLC with respect to such obligations and liabilities beyond that of XXX to
the extent of such limited partner interest contributed by XXX.
4.9 Assumption of Liabilities and Obligations of WNGL by the OLP. In
connection with the contribution by WNGL of the Remaining WAP LP Interest of
WNGL to the OLP, as set forth in Section 2.12 above, the OLP hereby assumes and
agrees to duly and timely pay, perform and discharge all obligations and
liabilities as such a limited partner under the Agreement of Limited Partnership
of WAP LP, to the full extent that WNGL has been heretofore or would have been
in the future, were it not for the execution and delivery of this Agreement,
obligated to pay, perform and discharge such obligations and liabilities;
provided, however, that said assumption and agreement to duly and timely pay,
perform and discharge such obligations and liabilities shall not increase the
obligation of the OLP with respect to such obligations and liabilities beyond
that of WNGL to the extent of such limited partner interest contributed by WNGL.
4.10 Assumption of Liabilities and Obligations of XXX by the OLP. In
connection with the contribution by XXX of the Remaining Terminals LP Interest
of XXX to the OLP, as set forth in Section 2.13 above, the OLP hereby assumes
and agrees to duly and timely pay, perform and discharge all obligations and
liabilities as such a limited partner under the Agreement of Limited Partnership
of Terminals LP, to the full extent that XXX has been heretofore or would have
been in the future, were it not for the execution and delivery of this
Agreement, obligated to pay, perform and discharge such obligations and
liabilities; provided, however, that said assumption and agreement to duly and
timely pay, perform and discharge such obligations and liabilities shall not
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increase the obligation of the OLP with respect to such obligations and
liabilities beyond that of XXX to the extent of such partnership interest
contributed by XXX.
4.11 Assumption of Liabilities and Obligations of GP LLC by the OLP. In
connection with the contributions by GP LLC of the GP LLC Aggregate Interests to
the OLP, as set forth in Section 2.14 above, the OLP hereby assumes and agrees
to duly and timely pay, perform and discharge all obligations and liabilities as
(a) such a limited partner under the Agreement of Limited Partnership of WAP LP,
(b) such a limited partner under the Agreement of Limited Partnership of
Terminals LP and (c) a member under the Limited Liability Company Agreement of
WNGL LLC, to the full extent that GP LLC has been heretofore or would have been
in the future, were it not for the execution and delivery of this Agreement,
obligated to pay, perform and discharge such obligations and liabilities;
provided, however, that said assumption and agreement to duly and timely pay,
perform and discharge such obligations and liabilities shall not increase the
obligation of the OLP with respect to such obligations and liabilities beyond
that of GP LLC to the extent of such partnership interests and membership
interests contributed by GP LLC.
4.12 Assumption of Liabilities and Obligations of the OLP by WNGL LLC.
In connection with the contribution by the OLP of the Terminals LP Partial
Interest of the OLP to WNGL LLC, as set forth in Section 2.15 above, WNGL LLC
hereby assumes and agrees to duly and timely pay, perform and discharge all
obligations and liabilities as such a limited partner under the Agreement of
Limited Partnership of Terminals LP, to the full extent that the OLP has been
heretofore or would have been in the future, were it not for the execution and
delivery of this Agreement, obligated to pay, perform and discharge such
obligations and liabilities; provided, however, that said assumption and
agreement to duly and timely pay, perform and discharge such obligations and
liabilities shall not increase the obligation of WNGL LLC with respect to such
obligations and liabilities beyond that of the OLP to the extent of such
partnership interest contributed by the OLP.
4.13 Assumption of Liabilities and Obligations of GP LLC by the MLP. In
connection with the contribution by GP LLC of the WAP LP and Terminals LP
Interests of GP LLC to the MLP, as set forth in Section 2.17 above, MLP hereby
assumes and agrees to duly and timely pay, perform and discharge all obligations
and liabilities as such a limited partner under the Agreement of Limited
Partnership of WAP LP and as a general and a limited partner under the Agreement
of Limited Partnership of Terminals LP to the full extent of the partnership
interests that GP LLC has been heretofore or would have been in the future, were
it not for the execution and delivery of this Agreement, obligated to pay,
perform and discharge such obligations and liabilities; provided, however, that
said assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of MLP with
respect to such obligations and liabilities beyond that of GP LLC to the extent
of such partnership interests contributed by GP LLC.
4.14 Assumption of Liabilities and Obligations of WNGL by the MLP. In
connection with the contribution by WNGL of the OLP Interest of WNGL, as set
forth in Section 2.18 above, MLP hereby assumes and agrees to duly and timely
pay, perform and discharge all obligations and liabilities as such a limited
partner under the Agreement of Limited Partnership of the OLP to the full extent
that WNGL has been heretofore or would have been in the future, were it not for
the execution and delivery of this Agreement, obligated to pay, perform and
discharge such obligations and liabilities; provided, however, that said
assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of MLP with
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respect to such obligations and liabilities beyond that of WNGL to the extent of
such partnership interests contributed by WNGL.
4.15 Assumption of Liabilities and Obligations of XXX by the MLP. In
connection with the contribution by XXX of the OLP Interest of XXX to the MLP,
as set forth in Section 2.19 above, the MLP hereby assumes and agrees to duly
and timely pay, perform and discharge all obligations and liabilities as such a
limited partner under the Agreement of Limited Partnership of the OLP to the
full extent that XXX has been heretofore or would have been in the future, were
it not for the execution and delivery of this Agreement, obligated to pay,
perform and discharge such obligations and liabilities; provided, however, that
said assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of the MLP with
respect to such obligations and liabilities beyond that of XXX to the extent of
such partnership interests contributed by XXX.
4.16 Assumption of Liabilities and Obligations of the MLP to the OLP.
In connection with the contribution by the MLP of the WAP LP and Terminals LP
Interests of the MLP to the OLP, as set forth in Section 2.20 above, the OLP
hereby assumes and agrees to duly and timely pay, perform and discharge all
obligations and liabilities as such a limited partner under the Agreements of
Limited Partnership of WAP LP and Terminals LP to the full extent of the
partnership interests that the MLP has been heretofore or would have been in the
future, were it not for the execution and delivery of this Agreement, obligated
to pay, perform and discharge such obligations and liabilities; provided,
however, that said assumption and agreement to duly and timely pay, perform and
discharge such obligations and liabilities shall not increase the obligation of
the OLP with respect to such obligations and liabilities beyond that of the MLP
to the extent of such partnership interests contributed by the MLP.
4.17 Assumption of Liabilities and Obligations of Terminals LP by the
OLP. In connection with the distributions by Terminals LP of the WPH LLC and WTH
LLC Interests to the OLP, as set forth in Section 2.24 above, the OLP hereby
assumes and agrees to duly and timely pay, perform and discharge all obligations
and liabilities of Terminals LP as such member under the Limited Liability
Company Agreements of WPH LLC and WTH LLC, to the full extent that Terminals LP
has been heretofore or would have been in the future, were it not for the
execution and delivery of this Agreement, obligated to pay, perform and
discharge such obligations and liabilities; provided, however, that said
assumption and agreement to duly and timely pay, perform and discharge such
obligations and liabilities shall not increase the obligation of the OLP with
respect to such obligations and liabilities beyond that of Terminals LP to the
extent of such membership interests distributed by Terminals LP.
4.18 Assumption of Liabilities and Obligations of the OLP by WNGL LLC.
In connection with the contribution by the OLP of the OLP Aggregate Interests to
WNGL LLC, as set forth in Section 2.25 above, WNGL LLC hereby assumes and agrees
to duly and timely pay, perform and discharge all obligations and liabilities of
the OLP as such a member under the Limited Liability Company Agreements of WPH
LLC and WTH LLC, to the full extent that the OLP has been heretofore or would
have been in the future, were it not for the execution and delivery of this
Agreement, obligated to pay, perform and discharge such obligations and
liabilities; provided, however, that said assumption and agreement to duly and
timely pay, perform and discharge such obligations and liabilities shall not
increase the obligation of WNGL LLC with respect to such obligations and
liabilities beyond that of the OLP to the extent of such membership interests
contributed by the OLP.
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ARTICLE V
INDEMNIFICATION
5.1 Indemnification With Respect to Excluded Assets. WBE LLC shall
indemnify, defend and hold harmless Terminals LP, its partners and their
respective members, directors, officers, employees and their respective
successors and assigns, from and against any and all claims, demands, costs,
liabilities (including, without limitation, liabilities arising by way of active
or passive negligence) and expenses (including court costs and reasonable
attorneys' fees) of every kind, character and description, whether known or
unknown, accrued or contingent, and whether or not reflected on the books and
records of Terminals LP as of the Effective Time, arising from or relating to
(i) the Excluded Assets or (ii) any failure of Terminals LP to comply with any
applicable bulk sales law of any jurisdiction in connection with the transfer of
the Excluded Assets to WBE LLC.
5.2 Indemnification With Respect to Assumption of Liabilities. WBE LLC
shall indemnify, defend and hold harmless Terminals LP, its partners and their
respective members, directors, officers, employees and their respective
successors and assigns from and against any and all claims, demands, costs,
liabilities (including, without limitation, liabilities arising by way of active
or passive negligence) and expenses (including court costs and reasonable
attorneys' fees) of every kind, character and description, whether known or
unknown, accrued or contingent, and whether or not reflected on the books and
records of Terminals LP as of the Effective Time, arising from or relating to
the liabilities assumed by WBE LLC with respect to the Excluded Assets.
ARTICLE VI
TITLE MATTERS
6.1 Encumbrances. The contribution of the Terminals LP Real and
Personal Assets made to WBE LLC by Terminals LP under this Agreement are made
expressly subject to (a) all recorded and unrecorded liens, encumbrances,
agreements, defects, restrictions, adverse claim and all laws, rules,
regulations, ordinances, judgments and orders of governmental authorities or
tribunals having or asserting jurisdiction over the Terminals LP Real and
Personal Assets and operations conducted thereon or therewith, in each case to
the extent the same are valid and enforceable and affect the Terminals LP Real
and Personal Assets, including, without limitation, (a) all matters that a
current on the ground survey or visual inspection of the Terminals LP Real and
Personal Assets would reflect, (b) the liabilities assumed by WBE LLC with
respect to the Terminals LP Real and Personal Assets, and (c) all matters
contained in the Specific Conveyances.
6.2 Disclaimer of Warranties; Subrogation; Waiver of Bulk Sales Laws.
(a) NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS
AGREEMENT, WBE LLC ACKNOWLEDGES AND AGREES THAT TERMINALS LP HAS NOT MADE,
DOES NOT MAKE, AND SPECIFICALLY NEGATES AND DISCLAIMS, ANY REPRESENTATIONS,
WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR
CHARACTER WHATSOEVER, WHETHER EXPRESS, IMPLIED OR STATUTORY, ORAL OR
WRITTEN, PAST OR
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PRESENT (ALL OF WHICH ARE EXPRESSLY DISCLAIMED BY TERMINALS LP), REGARDING
(A) THE TITLE, VALUE, NATURE, QUALITY OR CONDITION OF THE TERMINALS LP REAL
AND PERSONAL ASSETS INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL, GEOLOGY
OR ENVIRONMENTAL CONDITION OF THE TERMINALS LP REAL AND PERSONAL ASSETS
GENERALLY, INCLUDING THE PRESENCE OR LACK OF HAZARDOUS SUBSTANCES OR OTHER
MATTERS ON THE TERMINALS LP REAL AND PERSONAL ASSETS, (B) THE INCOME TO BE
DERIVED FROM THE TERMINALS LP REAL AND PERSONAL ASSETS, (C) THE SUITABILITY
OF THE TERMINALS LP REAL AND PERSONAL ASSETS FOR ANY AND ALL ACTIVITIES AND
USES WHICH WBE LLC MAY CONDUCT THEREON, (D) THE COMPLIANCE OF OR BY THE
TERMINALS LP REAL AND PERSONAL ASSETS OR THEIR OPERATION WITH ANY LAWS
(INCLUDING WITHOUT LIMITATION ANY ZONING, ENVIRONMENTAL PROTECTION,
POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR REQUIREMENTS), OR
(E) THE HABITABILITY, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR
FITNESS FOR A PARTICULAR PURPOSE OF THE TERMINALS LP REAL AND PERSONAL
ASSETS. WBE LLC ACKNOWLEDGES AND AGREES THAT WBE LLC HAS THE OPPORTUNITY TO
INSPECT THE TERMINALS LP REAL AND PERSONAL ASSETS AND WBE LLC IS RELYING
SOLELY ON ITS OWN INVESTIGATION OF THE TERMINALS LP REAL AND PERSONAL
ASSETS AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY TERMINALS
LP. TERMINALS LP IS NOT LIABLE OR BOUND IN ANY MANNER BY ANY VERBAL OR
WRITTEN STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE
TERMINALS LP REAL AND PERSONAL ASSETS FURNISHED BY ANY AGENT, EMPLOYEE,
SERVANT OR THIRD PARTY. WBE LLC ACKNOWLEDGES THAT TO THE MAXIMUM EXTENT
PERMITTED BY LAW, THE CONTRIBUTION OF THE TERMINALS LP REAL AND PERSONAL
ASSETS AS PROVIDED FOR HEREIN IS MADE IN AN "AS IS", "WHERE IS" CONDITION
WITH ALL FAULTS, AND THE TERMINALS LP REAL AND PERSONAL ASSETS ARE
CONTRIBUTED AND CONVEYED BY TERMINALS LP AND ACCEPTED BY WBE LLC SUBJECT TO
THE FOREGOING. THIS PARAGRAPH SHALL SURVIVE SUCH CONTRIBUTION AND
CONVEYANCE OR THE TERMINATION OF THIS AGREEMENT. THE PROVISIONS OF THIS
SECTION 6.2 HAVE BEEN NEGOTIATED BY TERMINALS LP AND WBE LLC AFTER DUE
CONSIDERATION AND ARE INTENDED TO BE A COMPLETE EXCLUSION AND NEGATION OF
ANY REPRESENTATIONS OR WARRANTIES OF TERMINALS LP, WHETHER EXPRESS, IMPLIED
OR STATUTORY, WITH RESPECT TO THE TERMINALS LP REAL AND PERSONAL ASSETS
THAT MAY ARISE PURSUANT TO ANY LAW NOW OR HEREAFTER IN EFFECT, OR
OTHERWISE.
(b) The contribution of the Terminals LP Real and Personal
Assets made under this Agreement is made with full rights of substitution
and subrogation of WBE LLC, and all persons claiming by, through and under
WBE LLC, to the extent assignable, in and to all covenants and warranties
by the predecessors-in-title of Terminals LP, and with full subrogation of
all rights accruing under applicable statutes of limitation and all rights
of action of warranty against all former owners of the Terminals LP Real
and Personal Assets.
(c) Terminals LP and WBE LLC agree that the disclaimers
contained in this Section 6.2 are "conspicuous" disclaimers. Any covenants
implied by statute or law by the use of the words "grant," "convey,"
"bargain," "sell," "assign," "transfer," "deliver," or "set over"
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or any of them or any other words used in this Agreement or any exhibits
hereto are hereby expressly disclaimed, waived or negated.
(d) Each of the parties hereto hereby waives compliance with any
applicable bulk sales law or any similar law in any applicable jurisdiction
in respect of the transactions contemplated by this Agreement.
ARTICLE VII
FURTHER ASSURANCES
7.1 Further Assurances. From time to time after the date hereof, and
without any further consideration, Terminals LP and WBE LLC, shall execute,
acknowledge and deliver all such additional deeds, assignments, bills of sale,
conveyances, instruments, notices, releases, acquittances and other documents,
and will do all such other acts and things, all in accordance with applicable
law, as may be necessary or appropriate (i) more fully to assure WBE LLC, its
successors and assigns, all of the properties, rights, titles, interests,
estates, remedies, powers and privileges by this Agreement granted to WBE LLC
with respect to the Excluded Assets or which are intended so to be and (ii) more
fully and effectively to vest in WBE LLC and its successors and assigns
beneficial and record title to the interests hereby contributed and assigned to
WBE LLC or intended so to be and to more fully and effectively carry out the
purposes and intent of this Agreement.
7.2 Other Assurances. From time to time after the date hereof, and
without any further consideration, each of the parties to this Agreement shall
execute, acknowledge and deliver all such additional instruments, notices and
other documents, and will do all such other acts and things, all in accordance
with applicable law, as may be necessary or appropriate to more fully and
effectively carry out the purposes and intent of this Agreement.
ARTICLE VIII
POWER OF ATTORNEY
Terminals LP hereby constitutes and appoints WBE LLC, its successors
and assigns, its true and lawful attorney-in-fact with full power of
substitution for it and in its name, place and stead or otherwise on behalf of
Terminals LP, its successors and assigns, and for the benefit of WBE LLC, its
successors and assigns, to demand and receive from time to time the Excluded
Assets and to execute in the name of Terminals LP and its successors and assigns
instruments of conveyance, instruments of further assurance and to give receipts
and releases in respect of the same, and from time to time to institute and
prosecute in the name of WBE LLC or Terminals LP for the benefit of WBE LLC, as
may be appropriate, any and all proceedings at law, in equity or otherwise which
WBE LLC, its successors and assigns may deem proper in order to collect, assert
or enforce any claims, rights or titles of any kind in and to the Excluded
Assets, and to defend and compromise any and all actions, suits or proceedings
in respect of any of the Excluded Assets and to do any and all such acts and
things in furtherance of this Agreement as WBE LLC or its successors or assigns
shall deem advisable. Terminals LP hereby declare that the appointment hereby
made and the powers hereby granted are coupled with an interest and are and
shall be irrevocable and perpetual and shall not be terminated by any act of
Terminals LP, its successors or assigns or by operation of law.
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ARTICLE IX
MISCELLANEOUS
9.1 Order of Completion of Transactions; Effective Time.
(a) The transactions provided for in Articles I, II, III and IV
of this Agreement shall be completed on the date of this Agreement in
the following order:
First, the transactions provided for in Article II shall be
completed;
Second, the transactions provided for in Article IV shall be
completed; and
Third, the transactions provided for in Article III shall be
completed.
(b) The contribution of the Excluded Assets to WBE LLC shall be
effective for all purposes as of the Effective Time.
9.2 Consents; Restriction on Assignment. If there are prohibitions
against or conditions to the contribution and conveyance of one or more portions
of the Excluded Assets without the prior written consent of third parties,
including, without limitation, governmental agencies (other than consents of a
ministerial nature which are normally granted in the ordinary course of
business), which if not satisfied would result in a breach of such prohibitions
or conditions or would give an outside party the right to terminate WBE LLC's
rights with respect to such portion of the Excluded Assets (herein called a
"Restriction"), then any provision contained in this Agreement to the contrary
notwithstanding, the transfer of title to or interest in each such portion of
the Excluded Assets (herein called the "Restriction-Asset") pursuant to this
Agreement shall not become effective unless and until such Restriction is
satisfied, waived or no longer applies. When and if such a Restriction is so
satisfied, waived or no longer applies, to the extent permitted by applicable
law and any applicable contractual provisions, the assignment of the
Restriction-Asset subject thereto shall become effective automatically as of the
Effective Time, without further action on the part of WBE LLC or either of the
Terminals LP. Terminals LP and WBE LLC agree to use their reasonable best
efforts to obtain satisfaction of any Restriction on a timely basis. The
description of any portion of the Excluded Assets as a "Restriction-Asset" shall
not be construed as an admission that any Restriction exists with respect to the
transfer of such portion of the Excluded Assets. In the event that any
Restriction-Asset exists, Terminals LP agrees to hold such Restriction-Asset in
trust for the exclusive benefit of WBE LLC and to otherwise use its reasonable
best efforts to provide WBE LLC with the benefits thereof, and Terminals LP will
enter into other agreements, or take such other action as it may deem necessary,
in order to help ensure that WBE LLC has the assets and concomitant rights
necessary to enable it to operate the Excluded Assets contributed to WBE LLC in
all material respects as they were operated prior to the Effective Time.
9.3 Costs. WBE LLC shall pay all sales, use and similar taxes arising
out of the contributions, conveyances and deliveries to be made hereunder, and
shall pay all documentary, filing, recording, transfer, deed, and conveyance
taxes and fees required in connection therewith. In addition, WBE LLC shall be
responsible for all costs, liabilities and expenses (including court costs and
reasonable attorneys' fees) incurred in connection with the satisfaction or
waiver of any Restriction pursuant to Section 9.2.
9.4 Headings; References; Interpretation. All Article and Section
headings in this Agreement are for convenience only and shall not be deemed to
control or affect the meaning or construction of any of the provisions hereof.
The words "hereof," "herein" and "hereunder" and words of similar import, when
used in this Agreement, shall refer to this Agreement as a whole,
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including without limitation, all Exhibits attached hereto, and not to any
particular provision of this Agreement. All references herein to Articles,
Sections, and Exhibits shall, unless the context requires a different
construction, be deemed to be references to the Articles, Sections and Exhibits
of this Agreement, respectively, and all such Exhibits attached hereto are
hereby incorporated herein and made a part hereof for all purposes. All personal
pronouns used in this Agreement, whether used in the masculine, feminine or
neuter gender, shall include all other genders, and the singular shall include
the plural and vice versa. The use herein of the word "including" following any
general statement, term or matter shall not be construed to limit such
statement, term or matter to the specific items or matters set forth immediately
following such word or to similar items or matters, whether or not non-limiting
language (such as "without limitation," "but not limited to," or words of
similar import) is used with reference thereto, but rather shall be deemed to
refer to all other items or matters that could reasonably fall within the
broadest possible scope of such general statement, term or matter.
9.5 Successors and Assigns. The Agreement shall be binding upon and
inure to the benefit of the parties signatory hereto and their respective
successors and assigns.
9.6 No Third Party Rights. The provisions of this Agreement are
intended to bind the parties signatory hereto as to each other and are not
intended to and do not create rights in any other person or confer upon any
other person any benefits, rights or remedies and no person is or is intended to
be a third party beneficiary of any of the provisions of this Agreement.
9.7 Counterparts. This Agreement may be executed in any number of
counterparts, all of which together shall constitute one agreement binding on
the parties hereto.
9.8 Governing Law. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of Oklahoma applicable to contracts
made and to be performed wholly within such state without giving effect to
conflict of law principles thereof, except to the extent that it is mandatory
that the law of some other jurisdiction, wherein the Excluded Assets are
located, shall apply.
9.9 Severability. If any of the provisions of this Agreement are held
by any court of competent jurisdiction to contravene, or to be invalid under,
the laws of any political body having jurisdiction over the subject matter
hereof, such contravention or invalidity shall not invalidate the entire
Agreement. Instead, this Agreement shall be construed as if it did not contain
the particular provision or provisions held to be invalid, and an equitable
adjustment shall be made and necessary provision added so as to give effect to
the intention of the parties as expressed in this Agreement at the time of
execution of this Agreement.
9.10 Deed; Xxxx of Sale; Assignment. To the extent required by
applicable law, this Agreement shall also constitute a "deed," "xxxx of sale" or
"assignment" of the Excluded Assets.
9.11 Amendment or Modification. This Agreement may be amended or
modified from time to time only by the written agreement of all the parties
hereto.
9.12 Integration. This Agreement supersedes all previous understandings
or agreements between the parties, whether oral or written, with respect to its
subject matter. This document is an integrated agreement which contains the
entire understanding of the parties. No understanding, representation, promise
or agreement, whether oral or written, is intended to be or shall be included in
or form part of this Agreement unless it is contained in a written amendment
hereto executed by the parties hereto after the date of this Agreement.
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21
IN WITNESS WHEREOF, this Agreement has been duly executed by
the parties hereto as of the date first above written.
XXXXXXXX ENERGY PARTNERS L.P., a Delaware
limited partnership
By:
-------------------------------------
a Delaware
---------------------------,
as general partner
By:
------------------------------------
Name:
Title:
"MLP"
XXXXXXXX OLP, L.P., a Delaware limited
partnership
By:
-------------------------------------
a Delaware
---------------------------,
as general partner
By:
------------------------------------
Name:
Title:
"OLP"
XXXXXXXX XX LLC, a Delaware limited
liability company
By:
-------------------------------------
a Delaware
---------------------------,
its sole member
By:
------------------------------------
Name:
Title:
"GP LLC"
[S-P]
22
XXXXXXXX ENERGY SERVICES, LLC, a Delaware
limited liability company
By:
-------------------------------------
a Delaware
---------------------------,
as general partner
By:
------------------------------------
Name:
Title:
"XXX"
XXXXXXXX NATURAL GAS LIQUIDS, INC., a
Delaware corporation
By:
-------------------------------------
a Delaware
---------------------------,
as general partner
By:
------------------------------------
Name:
Title:
"WNGL"
XXXXXXXX NGL, LLC, a Delaware limited
liability company
By:
-------------------------------------
a Delaware
---------------------------,
its sole member
By:
------------------------------------
Name:
Title:
"WNGL LLC"
XXXXXXXX TERMINALS HOLDINGS, L.P., a
Delaware limited partnership
By:
-------------------------------------
a Delaware
---------------------------,
as general partner
By:
------------------------------------
Name:
Title:
"Terminals LP"
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23
XXXXXXXX TERMINALS HOLDINGS, L.L.C., a
Delaware limited liability company
By:
-------------------------------------
a Delaware
---------------------------,
its sole member
By:
------------------------------------
Name:
Title:
"WTH LLC"
XXXXXXXX AMMONIA PIPELINE, L.P., a
Delaware limited partnership
By:
-------------------------------------
a Delaware
---------------------------,
as general partner
By:
------------------------------------
Name:
Title:
"WAP LP"
XXXXXXXX BIO-ENERGY, LLC, a Delaware
limited liability company
By:
-------------------------------------
a Delaware
---------------------------,
its sole member
By:
------------------------------------
Name:
Title:
"WBE LLC"
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24
EXHIBIT A
TO CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT
Recording Requested by and When Recorded Return to: Xxxxxx & Xxxxxx L.L.P., 0000
Xxxxx Xxxx Xxxxx, Xxxxxxx, Xxxxx 00000, Attn: J. Xxxxx Xxxxxxx
CONVEYANCE, ASSIGNMENT AND XXXX OF SALE
This Conveyance, Assignment and Xxxx of Sale (this "Conveyance"),
effective as of ____________, 2001 (the "Effective Date"), is from XXXXXXXX
TERMINALS HOLDINGS L.P., a Delaware limited partnership (successor by conversion
under Section 266 of the Delaware General Corporation Law to Xxxxxxxx Energy
Ventures, Inc.) (herein called "Grantor"), and in favor of XXXXXXXX BIO-ENERGY,
LLC, a Delaware limited liability company, whose mailing address is One Xxxxxxxx
Center, Mail Drop 35-1, Xxxxx, Xxxxxxxx 00000 (herein calls "Grantee").
ARTICLE I
GRANTING AND HABENDUM CLAUSES
1.1 Granting and Habendum Clauses.
For good and valuable consideration, the receipt and sufficiency of
which Grantee hereby acknowledges, Grantor hereby contributes, conveys, assigns,
transfers, delivers, and sets over unto Grantee, its successors and assigns, all
right, title, interests and estate of Grantor in and to the following described
property, to-wit:
(A) FEE LANDS. THE TRACTS OF LAND USED IN CONNECTION WITH THE OPERATION
OF THE UNITED TERMINAL FACILITY LOCATED AT THE PHOENIX, ARIZONA AIRPORT AND THE
TERMINAL FACILITY LOCATED IN AURORA, OHIO (THE "FACILITIES"), INCLUDING, WITHOUT
LIMITATION, THE TRACTS OR PARCELS OF LAND DESCRIBED ON EXHIBIT A ATTACHED
HERETO, TOGETHER WITH ALL PIPELINES, BUILDINGS, STRUCTURES, IMPROVEMENTS,
EQUIPMENT, APPURTENANCES AND FIXTURES OF EVERY KIND OR NATURE LOCATED ON SAID
PARCELS OF LAND, INCLUDING, WITHOUT LIMITATION, ALL STORAGE TANKS, FITTINGS,
VALVES, CONNECTIONS, CATHODIC OR ELECTRIC PROTECTION UNITS, BYPASSES,
REGULATORS, METERS, PUMPS, ENGINES, PIPES, GATES, TELEPHONE AND TELEGRAPH LINES,
ELECTRIC POWER LINES, POLES, WIRES, CASINGS, RADIO TOWERS AND FIXTURES,
TERMINALS, DOCKS, PIERS AND TRUCK RACKS LOCATED ON SAID LANDS (COLLECTIVELY, THE
"FEE LANDS" AND SINGULARLY, THE "FEE LAND");
(B) EASEMENTS. THE EASEMENTS, RIGHTS OF WAY, SERVITUDES, LEASES,
SURFACE RIGHTS, INTERESTS IN LAND, PERMITS, LICENSES AND GRANTS, AND ALL
AMENDMENTS TO EACH THEREOF USED IN CONNECTION WITH THE OPERATION OF THE
FACILITIES, INCLUDING, WITHOUT LIMITATION, THOSE DESCRIBED ON EXHIBIT A HERETO,
TOGETHER WITH ALL PRESCRIPTIVE RIGHTS AND ALL FRANCHISES, PRIVILEGES, PERMITS,
GRANTS, LEASES, AND CONSENTS IN FAVOR OF GRANTOR, OR GRANTOR'S PREDECESSORS IN
TITLE, IN, ON, OVER AND UNDER LANDS, ROADS, HIGHWAYS, RAILROADS, RIVERS, CANALS
DITCHES, BRIDGES, PARKS, PUBLIC
Exhibit A
to Contribution, Conveyance and Assumption Agreement
[S-P]
25
GROUNDS OR STRUCTURES, OR ELSEWHERE, AND ALL RIGHTS INCIDENT THERETO, RIGHTS
UNDER CONDEMNATION JUDGMENTS, JUDGMENTS ON DECLARATION OF TAKING, AND PERMITS
AND GRANTS FOR THE INSTALLATION, MAINTENANCE, REPAIR, REMOVAL AND OPERATION OF
THE PIPELINES (AS HEREINAFTER DEFINED);
(C) PIPELINES. THE PRESENTLY EXISTING PIPELINES LOCATED IN, ON, OVER,
UNDER OR ADJACENT TO THE PROPERTY DESCRIBED IN (A) AND (B) ABOVE, TOGETHER WITH
ALL BUILDINGS, STRUCTURES, IMPROVEMENTS, FACILITIES, EQUIPMENT AND APPURTENANCES
OF EVERY KIND OR NATURE THAT ARE A PART OF, AFFIXED TO OR USED IN CONNECTION
THEREWITH; AND
(D) OTHER INTERESTS. WITH RESPECT TO THE PROPERTY DESCRIBED IN SECTIONS
1.1(A) THROUGH (C), ALL AND SINGULAR TENEMENTS, HEREDITAMENTS AND APPURTENANCES
BELONGING OR IN ANY WISE APPERTAINING TO SUCH PROPERTY, OR ANY PART THEREOF,
INCLUDING, WITHOUT LIMITATION, ALL REVERSIONARY INTERESTS AND REVERSIONS,
REMAINDERS, AFTER-ACQUIRED TITLE, AND ALL THE RIGHT, TITLE, INTEREST, ESTATE AND
CLAIM WHATSOEVER, AT LAW AS WELL AS IN EQUITY, OF GRANTOR IN AND TO THE ABOVE
DESCRIBED PROPERTY FROM AND AFTER THE EFFECTIVE DATE.
The property described in (a) through (d) of this Section 1.1 shall be
referred to herein collectively as the "Subject Property".
TO HAVE AND TO HOLD the Subject Property, subject to the terms and
conditions hereof, unto Grantee, its successors and assigns, forever.
ARTICLE II
ENCUMBRANCES AND WARRANTY DISCLAIMERS
2.1 Permitted Encumbrances.
This Conveyance is made and accepted expressly subject to (a) the terms
and conditions set forth in such conveyances, assignments, bills of sale and
other instruments as are described in Exhibit A and to all liens, charges,
encumbrances, contracts, agreements, instruments, obligations, defects,
restrictions, security interests, options or preferential rights to purchase,
adverse claims, reservations, exceptions, easements, rights-of-way, conditions,
leases, other matters affecting the Subject Property or to which it is subject;
and (b) to all matters that a current on the ground survey or visual inspection
would reflect.
2.2 Contributions Agreement.
This Conveyance is expressly made subject to the terms and conditions
of that certain Contribution, Conveyance and Assumption Agreement dated as of
____________, 2001, among Grantor, Grantee and the other parties thereto (the
"Contribution Agreement"). All capitalized terms used herein shall have the
meanings given to such terms in the Contribution Agreement, unless otherwise
defined herein. Nothing contained in this Conveyance shall in any way affect the
provisions set forth in the Contribution Agreement nor shall this Conveyance
expand or contract any rights or remedies under the Contribution Agreement,
including without limitation any rights to indemnification specified therein.
This Conveyance is intended only to effect the transfer of the
Exhibit A
to Contribution, Conveyance and Assumption Agreement
-2-
26
Subject Property to Grantee as provided for in the Contribution Agreement and
shall be governed entirely in accordance with the terms and conditions of the
Contribution Agreement. In the event of a conflict between the terms of this
Conveyance and the terms of the Contribution Agreement, the terms of the
Contribution Agreement shall prevail.
2.3 Disclaimer of Warranties; Subrogation.
Except as expressly provided herein or in the Contribution Agreement,
this Conveyance is made, and is accepted by Grantee, without warranty of title,
express, implied or statutory, and without recourse, but with full substitution
and subrogation of Grantee, and all persons claiming by, through, and under
Grantee, to the extent assignable, in and to all covenants and warranties by the
predecessors in title of Grantor and with full subrogation of all rights
accruing under applicable statutes of limitation or prescription and all rights
of action of warranty against all former owners of the Subject Property. Except
as expressly provided herein or in the Contribution Agreement, any covenants
implied by statute or by the use of the words "convey", "sell", "assign",
"transfer", "deliver", or "set over" or any of them or any other words used in
this Conveyance, are hereby expressly disclaimed, waived and negated.
ARTICLE III
MISCELLANEOUS
3.1 Further Assurances.
Grantor and Grantee agree to take all such further actions and to
execute, acknowledge and deliver all such further documents that are necessary
or useful in carrying out the purposes of this Conveyance. So long as authorized
by applicable law so to do, Grantor agrees to execute, acknowledge and deliver
to Grantee all such other additional instruments, notices, affidavits, deeds,
conveyances, assignments and other documents and to do all such other and
further acts and things as may be necessary or useful to more fully and
effectively grant, bargain, assign, convey, transfer and deliver to Grantee the
Subject Property conveyed hereby or intended so to be conveyed.
3.2 Successors and Assigns; No Third Party Beneficiary.
This Conveyance shall be binding upon, and shall and inure to the
benefit of, Grantor and Grantee and their successors and assigns. The provisions
of this Conveyance are not intended to and do not create rights in any other
person or entity or confer upon any other person or entity any benefits, rights
or remedies and no person or entity is or is intended to be a third party
beneficiary of any of the provisions of this Conveyance.
3.3 Governing Law.
This Conveyance and the legal relations between the parties shall be
governed by, and construed in accordance with, the laws of the State of
Oklahoma, excluding any conflict of law rule which would refer any issue to the
laws of another jurisdiction, except when it is mandatory that the law of the
jurisdiction wherein the Subject Property is located shall apply.
Exhibit A
to Contribution, Conveyance and Assumption Agreement
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27
3.5 Exhibits.
Reference is made to Exhibit A which is attached hereto and made a part
hereof for all purposes. Reference in Exhibit A to an instrument on file in the
public records is made for all purposes, but shall not imply that such
instrument is valid, binding or enforceable or affects any Subject Property nor
creates any right, title, interest or claim in favor of any party other than
Grantor and Grantee, respectively.
3.6 Headings; References; Defined Terms.
All Section headings in this Conveyance are for convenience only and
shall not be deemed to control or affect the meaning or construction of any of
the provisions hereof. The words "hereof", "herein" and "hereunder" and words of
similar import, when used in this Conveyance, shall refer to this Conveyance as
a whole, including, without limitation, all Schedules and Exhibits attached
hereto, and not to any particular provision of this Conveyance.
3.7 Counterparts.
This Conveyance may be executed in any number of counterparts, all of
which together shall constitute one agreement binding on the parties hereto.
3.8 Severability.
If any of the provisions of this Conveyance are held by any court of
competent jurisdiction to contravene, or to be valid under, the laws of any
political body having jurisdiction over the subject matter hereof, such
contravention or invalidity shall not invalidate the entire agreement. Instead,
this Conveyance shall be construed as if it did not contain the particular
provision or provisions held to be invalid and an equitable adjustment shall be
made and necessary provision added so as to give effect to the intention of the
parties as expressed in this Conveyance at the time of execution of this
Conveyance.
Exhibit A
to Contribution, Conveyance and Assumption Agreement
-4-
28
IN WITNESS WHEREOF, this Conveyance has been duly executed by the
parties hereto on the dates of the acknowledgments set forth below, to be
effective, however, as of the Effective Date.
GRANTOR:
XXXXXXXX TERMINALS HOLDINGS L.P., a
Delaware limited partnership
By:
-------------------------------------,
a Delaware limited liability company,
as general partner
By:
------------------------------------
Name:
Title:
XXXXXXXX BIO-ENERGY, LLC, a Delaware
limited liability company
By:
-------------------------------------,
a Delaware limited liability company,
its sole member
By:
------------------------------------
Name:
Title:
Exhibit A
to Contribution, Conveyance and Assumption Agreement
-5-
29
Attachment: Exhibit A: Fee Lands, Easements, Leases, Rights-of-Way, Permits,
Licenses, Etc.
STATE OF OKLAHOMA )
) SS.
COUNTY OF TULSA )
This instrument was acknowledged before me on the ____ day of
______________, 2001, by________________, __________________of
_____________________, a Delaware limited liability company and General Partner
of XXXXXXXX TERMINALS HOLDING, L.P., a Delaware limited partnership, on behalf
of and in its capacity as General Partner of XXXXXXXX TERMINALS HOLDING, L.P.
_______________ _______________________________
NOTARY PUBLIC
My Commission Expires:
____________________________
STATE OF OKLAHOMA )
) SS.
COUNTY OF TULSA )
This instrument was acknowledged before me on the ____ day of
______________, 2001, by________________, __________________of
_____________________, a Delaware limited liability company and Sole
Member of XXXXXXXX BIO-ENERGY LLC, a Delaware limited liability company, on
behalf of and in its capacity as Managing Member of XXXXXXXX BIO-ENERGY LLC.
_______________ _______________________________
NOTARY PUBLIC
My Commission Expires:
____________________________
Exhibit A
to Contribution, Conveyance and Assumption Agreement
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