INTERCREDITOR AND SUBORDINATION AGREEMENTIntercreditor and Subordination Agreement • May 21st, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
This Intercreditor and Subordination Agreement (the “Agreement”) is entered into this 29 th day of September 2008 by and between NOTRE DAME INVESTORS, INC., an Arizona corporation (“Notre Dame”), ROLAND OBERLIN, as Successor Escrow Agent (“Oberlin”), LAZARUS ENERGY LLC, a Delaware limited liability company (“Lazarus”) and FIRST INTERNATIONAL BANK (“Lender”). Oberlin and Notre Dame are hereafter collectively referred to as the “Subordinated Creditors”.
INTERCREDITOR AND SUBORDINATION AGREEMENTIntercreditor and Subordination Agreement • May 21st, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
THIS INTERCREDITOR AND SUBORDINATION AGREEMENT (this “Agreement”) is made and entered into as of August 12, 2011, by and among John H. Kissick, whose address is c/o Ares Management LLC, 2000 Avenue of the Stars, 12th floor, Los Angeles, CA 90067 (“Second Lien Holder”), Lazarus Energy LLC, a Delaware limited liability company, whose address is 3200 Southwest Freeway, Suite 3300, Houston, Texas 77027 (“Company”), and Milam Services, Inc, a Delaware corporation, whose address is 919 Milam, Suite 2100, Houston, TX 77002 (“Senior Creditor”). Each of Second Lien Holder, Company and Senior Creditor may be referred to in this Agreement individually as “Party” or collectively “Parties.”
LOAN AGREEMENT AMONGLoan Agreement • May 21st, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
This Loan Agreement (this “Agreement”) is made and entered this 291-Alay of September, 2008, by and among 1st International Bank (“Lender”), Lazarus Energy LLC, a Delaware limited liability company (“Borrower”), and Jonathan Pitts Carroll, Sr. and Lazarus Energy Holdings LLC, a Delaware limited liability company (“Guarantor”, whether one or more). In the event the terms and provisions of this Agreement conflict with or are inconsistent with the provisions of the Loan Documents, as herein defined, the terms and provisions of this Agreement will control.
FORBEARANCE AGREEMENTForbearance Agreement • May 21st, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
THIS FORBEARANCE AGREEMENT (this “Agreement”) is dated effective as of August 12, 2011 (the “Effective Date”) and is entered into by and among 1st International Bank, a Texas state bank, whose address is 1912 Avenue K, Plano, Texas 75074 (“Lien Holder”), Lazarus Energy LLC, a Delaware limited liability company, whose address is 3200 Southwest Freeway, Suite 3300, Houston, Texas 77027 (“Lazarus”), Jonathan P. Carroll (“Jonathan Carroll”), Gina L. Carroll (“Gina Carroll”), Lazarus Energy Holdings LLC, a Delaware limited liability company (“Lazarus Holdings”), GEL Tex Marketing, LLC, a Delaware limited liability company, whose address is 919 Milam, Suite 2100, Houston, Texas 77002 (“GEL”) and Milam Services, Inc., a Delaware corporation, whose address is 919 Milam, Suite 2100, Houston, Texas 77002 (“MSI”). Each of Lien Holder, Lazarus, Jonathan Carroll, Gina Carroll, Lazarus Holdings, GEL and MSI may be referred to in this Agreement individually as “Party” or collectively “Parties.”
LETTER AGREEMENT September 12, 2011Letter Agreement • May 21st, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas
