SECOND AMENDED FORBEARANCE AGREEMENTSecond Amended Forbearance Agreement • January 4th, 2024 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This Second Amended Forbearance Agreement (the “Agreement”) is dated as of the 29th day of December, 2023 (the “Effective Date”) by and among LAZARUS ENERGY LLC, a Delaware limited liability company (“Lazarus Energy”), LAZARUS REFINING & MARKETING, LLC, a Delaware limited liability company (“Lazarus Refining”, together with Lazarus Energy, “Borrowers”), JONATHAN PITTS CARROLL, SR., an individual and resident of Texas (“Carroll”), BLUE DOLPHIN ENERGY COMPANY, a Delaware corporation (“Blue Dolphin”), LAZARUS ENERGY HOLDINGS LLC, a Delaware limited liability company (“Lazarus Holdings”, together with Borrowers, Carroll, and Blue Dolphin, “Obligors”), and VERITEX COMMUNITY BANK (“Lender”, together with Obligors, the “Parties”).
