FIRST AMENDMENT TO SECOND AMENDED AND RESTATED GENERAL PARTNERSHIP AGREEMENT
Exhibit 10.39
FIRST AMENDMENT TO SECOND AMENDED AND RESTATED GENERAL
PARTNERSHIP AGREEMENT
This First Amendment to Second Amended and Restated General Partnership Agreement (this Amendment), is made effective as of March 9, 2010, by and among Regency Haynesville Intrastate Gas LLC, a Delaware limited liability company (Regency HIG), EFS Haynesville, LLC, a Delaware limited liability company (GE Investor), Alinda Gas Pipeline I, L.P., a Delaware limited partnership (Alinda Investor 1) and Alinda Gas Pipeline II, L.P., a Delaware limited partnership (Alinda Investor 2 and collectively with Regency HIG, GE Investor and Alinda Investor 1, the Partners).
RECITALS
WHEREAS, the Partners constitute all of the partners of RIGS Haynesville Partnership Co., a Delaware general partnership (the Partnership) and have entered into that certain Second Amended and Restated General Partnership Agreement of the Partnership dated as of December 18, 2009 (the Partnership Agreement); and
WHEREAS, in accordance with Section 13.5 of the Partnership Agreement, the Partners desire to amend the Partnership Agreement pursuant to this Amendment.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Partners agree as follows:
1. Definitions. All capitalized terms used in this Amendment but not defined in this Amendment shall have the meanings ascribed to such terms in the Partnership Agreement.
2. Amendment. The Partnership Agreement is hereby amended as follows:
(a) Section 7.2(b) of the Partnership Agreement is hereby deleted in its entirety and replaced with the following:
(b) Each Partner shall have the right to designate one MC Member, and to remove or replace such MC Member from time to time in its Sole Discretion. The individuals listed on Schedule 2 shall serve as the initial MC Members as of the Effective Date. In addition, each Partner shall have the right to designate one alternate MC Member upon written notice to the Partnership and each other Partner, and to remove or replace such alternate MC Member from time to time in its Sole Discretion. The alternate MC Member designated by any Partner shall be deemed to be a MC Member designated by such Partner for all purposes; provided, that, notwithstanding the foregoing, the MC Member and the alternate MC Member designated by such Partner, collectively, shall only have one vote in accordance with Section 7.3(a).
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(b) Section 7.8 of the Partnership Agreement is hereby deleted in its entirety and replaced with the following:
7.8 Fees and Expenses. A MC Member shall not be entitled to any fees from the Partnership for serving as a MC Member. The Partnership shall, however, reimburse each Partner for the reasonable and documented out-of-pocket costs and expenses incurred and paid by such Partner in respect of only one (but not more than one) MC Member, alternate MC Member, observer or other individual attending each Management Committee meeting and/or any other meeting at which Partnership business is conducted on behalf of such Partner in accordance with the policies (if any) adopted from time to time by the Management Committee.
(c) Schedule 1 of the Partnership Agreement is hereby deleted in its entirety and replaced with Schedule 1 attached to this Amendment.
3. Miscellaneous.
(a) Except as expressly amended hereby, all of the terms and provisions contained in the Partnership Agreement are hereby ratified and shall remain in full force and effect. All references to the Partnership Agreement hereafter shall mean the Partnership Agreement as amended by this Amendment.
(b) Section 13.6 (Binding Effect), Section 13.7 (Governing Law; Jurisdiction), Section 13.8 (Severability), Section 13.10 (Further Assurances), Section 13.12 (No Third Party Beneficiary), Section 13.13 (Counterparts) and Section 13.14 (Reliance on Counsel) of the Partnership Agreement shall apply to this Amendment as if set forth herein.
Signature Pages Follow
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IN WITNESS WHEREOF, the Partners have executed this Amendment as of the date set forth above.
REGENCY HAYNESVILLE INTRASTATE GAS LLC | ||
By: | Regency Gas Services LP, its sole member | |
By: | Regency OLP GP LLC, its general partner | |
By: | /S/ L. PATRICK GIROIR |
Name: | L. Patrick Giroir | |
Title: | Vice President |
EFS HAYNESVILLE, LLC | ||
By: | EFS Equity Holdings, LLC, its Managing Member | |
By: | Aircraft Services Corporation, its Managing Member | |
By: | /S/ MARK MELLANA |
Name: | Mark Mellana | |
Title: | Vice President |
ALINDA GAS PIPELINE I, L.P. | ||
By: | Alinda Gas Pipeline I GP LLC, its General Partner | |
By: | /S/ SANJAY KHETTRY |
Name: | Sanjay Khettry | |
Title: | Partner |
Signature Page
First Amendment to Second Amended and Restated General Partnership Agreement
ALINDA GAS PIPELINE II, L.P. | ||
By: | Alinda Gas Pipeline II GP LLC, its General Partner | |
By: | /S/ ALEX BLACK |
Name: | Alex Black | |
Title: | Managing Director |
Signature Page
First Amendment to Second Amended and Restated General Partnership Agreement
SCHEDULE 1
PARTNERS; GP UNITS; CAPITAL CONTRIBUTIONS
Partner | Initial Capital Contribution | Total Capital Contributions | GP Units | Sharing Ratio | |||||||
Regency Haynesville Intrastate Gas LLC | $ | 400,000,000 | $ | 420,203,751 | 452,650 | 43 | % | ||||
2001 Bryan Street Suite 3700 Dallas, Texas 75201 Attention: Chief Legal Officer Facsimile: 214 ###-###-#### Telephone: 214 ###-###-#### | |||||||||||
EFS Haynesville, LLC | $ | 126,500,000 | $ | 129,796,249 | 73,850 | 7 | % | ||||
c/o GE Energy Financial Services 800 Long Ridge Road Stamford, CT 06927 Attention: General Counsel Facsimile: 203 ###-###-#### Telephone: 203 ###-###-#### | |||||||||||
Alinda Gas Pipeline I, L.P. | $ | 308,531,000 | $ | 325,463,153 | 311,557 | 29.6 | % | ||||
c/o Alinda Capital Partners LLC 150 East 58th Street 39th Floor New York, NY 10155 Attention: General Counsel |
Partner | Initial Capital Contribution | Total Capital Contributions | GP Units | Sharing Ratio | |||||||
with copy to:
c/o Alinda Capital Partners LLC 150 East 58th Street 39th Floor New York, NY 10155
Attention: Sanjay Khettry Facsimile: 212 ###-###-#### Telephone: 212 ###-###-#### | |||||||||||
Alinda Gas Pipeline II, L.P. | $ | 217,969,000 | $ | 224,536,847 | 214,943 | 20.4 | % | ||||
c/o Alinda Capital Partners LLC 150 East 58th Street 39th Floor New York, NY 10155 Attention: General Counsel
with copy to:
c/o Alinda Capital Partners LLC 150 East 58th Street 39th Floor New York, NY 10155 Attention: General Counsel
Attention: Alex Black Facsimile: 212 ###-###-#### Telephone: 212 ###-###-#### |