September 18, 2017 Jonathan Carroll Lazarus Energy, LLC Blue Dolphin Energy Company Lazarus Energy Holdings, LLC By Electronic Mail (JCarroll@lazarusenergy.com)Letter Agreement • November 16th, 2017 • Blue Dolphin Energy Co • Crude petroleum & natural gas
In order to facilitate further discussions, GEL Tex Marketing, LLC (“GEL Tex”) and Lazarus Energy, LLC (“Lazarus”) have come to an agreement regarding the confirmation and enforcement of the Final Award issued on August 11, 2017 in AAA Arbitration Case No. 02-16-0001-5548. This letter memorializes that agreement (“Letter Agreement”). Blue Dolphin Energy Company (“BDEC”) and Lazarus Energy Holdings, LLC (“LEH”), both affiliates of Lazarus and Jonathan Carroll, are also party to this Letter Agreement. Lazarus, BDEC, LEH, and Jonathan Carroll are collectively referred to herein as the “Lazarus Parties”.
DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • November 16th, 2017 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
This DEBT ASSUMPTION AGREEMENT (this “Agreement”), dated effective as of September 18, 2017 (the “Effective Date”), is by and among Lazarus Energy Holdings, LLC, a Delaware limited liability company (“LEH”), Lazarus Energy, LLC, a Delaware limited liability company (“LE”), and John H. Kissick, whose address is c/o Ares Management, LLC, 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067 (“Kissick”).
Amendment to Letter AgreementAmendment to Letter Agreement • November 16th, 2017 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This is an amendment (the "Amendment") to the Stipulation Regarding Confirmation and Enforcement of Final Award Dated September 18, 2017 (the "Letter Agreement"). All capitalized terms used but not otherwise defined in this Amendment shall have the meanings given to such terms in the Letter Agreement.
SIXTH AMENDMENT TO PROMISSORY NOTEPromissory Note • November 16th, 2017 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This SIXTH AMENDMENT TO PROMISSORY NOTE (the “Amendment”) by and between Lazarus Energy, LLC, a Delaware limited liability company (“Maker”), and John H. Kissick (“Payee”) is made effective as of September 18, 2017 (the “Effective Date”). The Maker and the Payee shall be referenced individually as a “Party” and collectively as “Parties”.
