FIFTH AMENDMENT TO THE SETTLEMENT AGREEMENTThe Settlement Agreement • August 14th, 2019 • Blue Dolphin Energy Co • Crude petroleum & natural gas
This Fifth Amendment to the Settlement Agreement (this “Fifth Amendment”), dated as of May 6, 2019, is by and between Lazarus Energy, LLC, a Delaware limited liability company (“Lazarus”); Blue Dolphin Energy Company, a Delaware corporation (“BDEC”); Lazarus Energy Holdings, LLC, a Delaware limited liability company (“LEH”); Nixon Product Storage, LLC, a Delaware limited liability company (“Nixon”); Carroll & Company Financial Holdings, L.P. (“C&C”); Jonathan Carroll (“Carroll” and, together with Lazarus, BDEC, LEH, Nixon, and C&C the “Lazarus Parties”); and GEL Tex Marketing, LLC, a Delaware limited liability company (“GEL Tex”) (each, a “Party” and, collectively, the “Parties”).
Line of Credit, Guarantee and Security Agreement Dated as of May 3, 2019 (As amended AND RESTATED as of May 9, 2019 and May 10, 2019) among PILOT TRAVEL CENTERS LLC the Lender, and NIXON PRODUCT STORAGE, LLC, the Borrower and THE OTHER LOAN PARTIES...Security Agreement • August 14th, 2019 • Blue Dolphin Energy Co • Crude petroleum & natural gas • New York
THIS LINE OF CREDIT, GUARANTEE AND SECURITY AGREEMENT (as amended, modified or supplemented from time to time, this “Agreement”) made as of May 3, 2019 (as amended as of May 9, 2019 and May 10, 2019) by and among Pilot Travel Centers LLC, a Delaware limited liability company (the “Lender”), Nixon Product Storage, LLC, a Delaware limited liability company (the “Borrower”), Lazarus Refining & Marketing, LLC, a Delaware limited liability company (“LR&M” and, together with the Borrower, the “Grantors”), Lazarus Energy Holdings LLC, a Delaware limited liability company (“Lazarus”), Lazarus Energy LLC, a Delaware limited liability company (“Lazarus Energy”), Blue Dolphin Energy Company, a Delaware corporation (“Blue Dolphin” or “Pledgor”) and any other Loan Parties (as defined below) from time to time a party hereto.
Pledge Agreement Dated as of May 3, 2019 between PILOT TRAVEL CENTERS LLC as the Lender, and BLUE DOLPHIN ENERGY COMPANY, as the PledgorPledge Agreement • August 14th, 2019 • Blue Dolphin Energy Co • Crude petroleum & natural gas • New York
