EXHIBIT 10.4
AMENDMENT NO.2
to
PURCHASE AGREEMENT,
dated as of April 18, 2003,
by and among
▇▇▇▇▇▇▇▇ ENERGY SERVICES, LLC,
▇▇▇▇▇▇▇▇ NATURAL GAS LIQUIDS, INC. and
▇▇▇▇▇▇▇▇ ▇▇ LLC
collectively, as Selling Parties,
and
WEG ACQUISITIONS, L.P.
a Delaware limited partnership,
as Buyer,
for the purchase and sale of
(i) all the membership interests of
WEG GP LLC
a Delaware limited liability company,
(ii) all of the Common Units and Subordinated Units of
▇▇▇▇▇▇▇▇ ENERGY PARTNERS L.P.
a Delaware limited partnership
owned by ▇▇▇▇▇▇▇▇ Energy Services, LLC and ▇▇▇▇▇▇▇▇ Natural Gas Liquids, Inc.
and
(iii) all the Class B Common Units of
▇▇▇▇▇▇▇▇ ENERGY PARTNERS L.P.
a Delaware limited partnership
dated as of January 6, 2004
AMENDMENT NO. 2
TO
PURCHASE AGREEMENT
THIS AMENDMENT NO. 2 TO PURCHASE AGREEMENT (THIS "AMENDMENT NO. 2") is
made and entered into as of this 6th day of January 2004, by and among ▇▇▇▇▇▇▇▇
ENERGY SERVICES, LLC, a Delaware limited liability company ("▇▇▇"), ▇▇▇▇▇▇▇▇
NATURAL GAS LIQUIDS, INC., a Delaware corporation ("WNGL"), and ▇▇▇▇▇▇▇▇ ▇▇ LLC,
a Delaware limited liability company (the "OLD COMPANY," and collectively with
▇▇▇ and WNGL, the "SELLING PARTIES"), and MAGELLAN MIDSTREAM HOLDINGS, L.P.,
formerly WEG Acquisitions, L.P., a Delaware limited partnership ("BUYER").
WITNESSETH:
WHEREAS, the Selling Parties and Buyer entered into the Purchase
Agreement, dated as of April 18, 2003 (the "PURCHASE AGREEMENT"), pursuant to
which, on the terms and subject to the conditions set forth therein, the Selling
Parties sold, and Buyer purchased, at the Closing the Securities (as such terms
are defined in the Purchase Agreement); and
WHEREAS, in accordance with Section 9.8 of the Purchase Agreement, the
Selling Parties and Buyer have agreed to enter into this Amendment No. 2 to
amend the Purchase Agreement to the extent, and only to the extent, specified
below;
NOW, THEREFORE, in consideration of the mutual terms, conditions and other
agreements set forth herein and in the Purchase Agreement, the parties hereto
agree as follows:
ARTICLE I
AMENDMENTS
SECTION 1.1. AMENDMENT. The Purchase Agreement is hereby amended by
deleting Schedule 1.3 attached thereto and replacing it with Schedule 1.3
attached to this Amendment No. 2.
ARTICLE II
MISCELLANEOUS
SECTION 2.1. SIGNATURES AND COUNTERPARTS. Facsimile transmissions of any
signed original document and/or retransmission of any signed facsimile
transmission shall be the same as delivery of an original. At the request of
Buyer or the Selling Parties, the parties will confirm facsimile transmission by
signing a duplicate original document. This Amendment No. 2 may be executed in
two or more counterparts, each of which shall be deemed an original and all of
which together shall be considered one and the same document.
SECTION 2.2. GOVERNING LAW. This Amendment No. 2 shall be governed by and
construed in accordance with the internal and substantive laws of New York and
without regard to any conflicts of laws concepts that would apply the
substantive law of some other jurisdiction.
SECTION 2.3. CONTINUATION OF PURCHASE AGREEMENT. To the extent not amended
hereby, the Purchase Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2
as of the date first above written.
SELLING PARTIES: ▇▇▇▇▇▇▇▇ ENERGY SERVICES, LLC
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Treasurer
▇▇▇▇▇▇▇▇ NATURAL GAS LIQUIDS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Treasurer
▇▇▇▇▇▇▇▇ ▇▇ LLC
By: ▇▇▇▇▇▇▇▇ ENERGY SERVICES, LLC and
▇▇▇▇▇▇▇▇ NATURAL GAS LIQUIDS, INC.,
Its Members
BUYER: MAGELLAN MIDSTREAM HOLDINGS, L.P.
By: MAGELLAN MIDSTREAM MANAGEMENT, LLC
It General Partner
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: President and CEO