Exhibit No

EX-10.5 6 h68959exv10w5.htm EX-10.5 exv10w5
EXHIBIT 10.5
FIRST AMENDMENT
TO
AGREEMENT OF LIMITED PARTNERSHIP
OF
EPCO UNIT L.P.
Dated as of December 2, 2009
     This First Amendment (this “Amendment”) to the Agreement of Limited Partnership dated as of November 13, 2008 (as subsequently amended, the “Partnership Agreement”) of EPCO Unit L.P., a Delaware limited partnership (the “Partnership”), is made and entered into effective as of December 2, 2009, pursuant to the terms of the Partnership Agreement and in accordance with Section 12.05 thereof.
     Section 1. AMENDMENTS.
     (a) Section 11.01. Paragraph (b) of Section 11.01 of the Partnership Agreement is hereby amended and restated to read as follows:
          (b) unless otherwise agreed to by the General Partner, the Class A Limited Partner and a Required Interest, the date that falls on the second trading day immediately following the first date as of which the distributions with respect to all outstanding EPD Units held by the Partnership relating to the fourth quarter of fiscal year 2015 have been paid in full by EPD;
     Section 2. RATIFICATION OF PARTNERSHIP AGREEMENT. Except as expressly modified and amended herein, all of the terms and conditions of the Partnership Agreement shall remain in full force and effect.
     Section 3. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, EXCLUDING ANY CONFLICTS-OF-LAW RULE OR PRINCIPLE THAT MIGHT REFER THE GOVERNANCE OR CONTRUCTION OF THIS AGREEMENT TO THE LAWS OF ANOTHER JURISDICTION.
(Signature Page Follows)

 


 

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above.
             
GENERAL PARTNER:   EPCO, INC.    
 
           
 
  By:   /s/ W. Randall Fowler
 
   
 
      W. Randall Fowler    
 
      President and Chief Executive Officer    
 
           
CLASS A LIMITED PARTNER:   DFI DELAWARE HOLDINGS, L.P.    
 
           
 
  By:   DFI Delaware General, LLC,    
 
      its general partner    
 
           
 
  By:   /s/ Darryl E. Smith    
 
           
 
      Darryl E. Smith    
 
      Manager    
 
           
CLASS B LIMITED PARTNERS:   Representing a majority of Class B Limited Partners of the Partnership, pursuant to Powers of Attorney executed in favor of, and granted and delivered to the General Partner    
 
           
 
  By:   EPCO, INC.    
 
      (As attorney-in-fact for the Class B Limited    
 
      Partners pursuant to powers of attorney)    
 
           
 
  By:   /s/ W. Randall Fowler
 
   
 
      W. Randall Fowler    
 
      President and Chief Executive    
 
      Officer    
First Amendment to Agreement of Limited Partnership of EPCO Unit L.P.