SECURITY AGREEMENTSecurity Agreement • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas
Security Agreement dated December 4, 2015 of Lazarus Refining & Marketing, LLC, a Delaware limited liability company (hereinafter referred to as the “Debtor”) in favor of Sovereign Bank (“Lender”).
LOAN AGREEMENT AMONG Sovereign Bank As Lender Lazarus Marketing & Refining, LLC As Borrower and Jonathan Pitts Carroll, Sr., Blue Dolphin Energy Company, Lazarus Energy LLC and Lazarus Energy Holdings LLC As GuarantorsLoan Agreement • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
This Loan Agreement is made and entered this 4th day of December, 2015, by and among Sovereign Bank (“Lender”), Lazarus Refining & Marketing, LLC, a Delaware limited liability company (“Borrower”), and Jonathan Pitts Carroll, Sr., a Texas resident (“Carroll”), Blue Dolphin Energy Company, a Delaware corporation (“Blue Dolphin”), Lazarus Energy LLC, a Delaware limited liability company (“Lazarus Energy”), and Lazarus Energy Holdings LLC, a Delaware limited liability company (“LEH”, and jointly and severally together with Carroll, Blue Dolphin and Lazarus Energy, collectively “Guarantor” or “Guarantors”).
CONSTRUCTION RIDER TO LOAN AGREEMENTConstruction Rider to Loan Agreement • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This Construction Rider To Loan Agreement (this “Construction Rider”) is made and entered as of the Closing Date, by and among Sovereign Bank, as Lender, Lazarus Energy LLC, as Borrower, and Guarantor (as defined in the Loan Agreement defined below). In the event the terms and provisions of this Construction Rider are in conflict with the terms and provisions of the Loan Documents, the terms and provisions of this Construction Rider will control. However, the terms, conditions, requirements, and agreements contained herein are intended to be in addition to, and not a replacement of, the terms, conditions, requirements, and agreements contained in, and consistent with, the Loan Agreement.
PLEDGE AGREEMENTPledge Agreement • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
THIS PLEDGE AGREEMENT (as amended, modified or restated from time to time, this “Agreement”) dated as of DECEMBER 4, 2015 (the “Effective Date”), is between SOVEREIGN BANK, a Texas state bank (“Lender”), and LAZARUS ENERGY HOLDINGS LLC, a Delaware limited liability company (“Pledgor”).
GUARANTY FEE AGREEMENTGuaranty Fee Agreement • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
THIS GUARANTY FEE AGREEMENT (the “Agreement”) is made as of December 4, 2015 (the “Effective Date”), by and between Jonathan P. Carroll (“Guarantor”) and Lazarus Refining & Marketing, LLC, a Delaware limited liability company (“LRM”). Guarantor and LRM are sometimes referred to herein as the "Parties".
COLLATERAL ASSIGNMENT OF KEY AGREEMENTSCollateral Assignment of Key Agreements • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
THIS COLLATERAL ASSIGNMENT OF KEY AGREEMENTS (this “Assignment”), is made as of December 4, 2015, by and among LAZARUS REFINING & MARKETING, LLC, a Delaware limited liability company (“Borrower”) and LAZARUS ENERGY LLC (“Lazarus Energy”; and together with Borrower each an “Assignor” and collectively “Assignors”), in favor of SOVEREIGN BANK (together with successors and assigns, “Assignee”).
INDEMNIFICATION AGREEMENTIndemnification Agreement • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This Agreement is made and entered into on the 4th day of December, 2015 by Lazarus Refining & Marketing, LLC, a Delaware limited liability company (“Debtor”), Blue Dolphin Energy Company, Lazarus Energy LLC, a Delaware limited liability company, Lazarus Energy Holdings LLC, a Delaware limited liability company, and Jonathan Pitts Carroll, Sr. (collectively on a joining and several basis, “Guarantor”, whether one or more) for the benefit of Sovereign Bank (“Lender”) in connection with that certain loan from Lender to Debtor in the original principal amount of $10,000,000.00 (the “Loan”). The Loan is secured by (i) a second lien Deed of Trust, Mortgage, Security Agreement, Assignment of Rents, Financing Statement and Fixture Filing made by Lazarus Energy to Robert Blount, as Trustee, for the benefit of Lender, and (ii) a first lien Leasehold Deed of Trust, Mortgage, Security Agreement, Assignment of Rents, Financing Statement and Fixture Filing made by Debtor to Robert Blount, as Truste
FIRST AMENDMENT TO LOAN AGREEMENT AND LOAN DOCUMENTSLoan Agreement and Loan Documents • December 10th, 2015 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This First Amendment to Loan Agreement (this “Amendment”) is entered into as of this 4th day of December, 2015 (the “Amendment Effective Date”), by and among Sovereign Bank (“Lender”), Lazarus Energy LLC, a Delaware limited liability company (“Borrower”), and Jonathan Pitts Carroll, Sr., a Texas resident (“Carroll”), Blue Dolphin Energy Company, a Delaware corporation (“Blue Dolphin”), Lazarus Refining & Marketing, LLC, a Delaware limited liability company (“LRM”), and Lazarus Energy Holdings LLC, a Delaware limited liability company (“LEH”, and jointly and severally together with Carroll, Blue Dolphin and Lazarus Energy, collectively “Guarantor” or “Guarantors”).
