FIRST AMENDMENT TO SECOND AMENDED AND RESTATED TERMINAL STORAGE RENTAL AND THROUGHPUT AGREEMENT
Exhibit 10.3
FIRST AMENDMENT
TO
SECOND AMENDED AND RESTATED
TERMINAL STORAGE RENTAL AND THROUGHPUT AGREEMENT
This First Amendment to Second Amended and Restated Terminal Storage Rental and Throughput Agreement (“First Amendment”) is made as of the 12th day of May, 2010, by and among Global Petroleum Corp. (hereinafter referred to as “Global”), and Global Companies LLC (for itself and its subsidiary, ▇▇▇▇ Hes Corp.) and Global Montello Group Corp. (hereinafter jointly referred to as “Customer”).
WITNESSETH:
WHEREAS, Global and Customer entered into that certain Second Amended and Restated Terminal Storage Rental and Throughput Agreement dated as of October 5, 2005 (the “Agreement”) with respect to the Terminal (as such term is defined in Section 1.3 of the Agreement); and
WHEREAS, Global and Customer desire to amend the Agreement to extend the Initial Term (as such term is defined in Section 4 of the Agreement) through July 31, 2014;
NOW, THEREFORE, in consideration of the mutual agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Agreement shall be amended effective as of May 12, 2010 as follows:
1. SECTION 4 is hereby amended by deleting “December 31, 2013” in the third (3rd) line and replacing it with “July 31, 2014”.
2. Except as expressly amended by this First Amendment, the Agreement is hereby ratified and confirmed in all respects by the parties hereto and shall continue in full force and effect.
[Remainder of page intentionally left blank.]
IN WITNESS WHEREOF, the parties have duly executed this First Amendment as of the date first above written.
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GLOBAL PETROLEUM CORP. |
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/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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President |
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GLOBAL COMPANIES LLC |
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/s/ ▇▇▇▇▇▇ ▇. FANEUIL |
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▇▇▇▇▇▇ ▇. Faneuil |
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Executive Vice President, General |
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Counsel and Secretary |
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GLOBAL MONTELLO GROUP CORP. |
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/s/ ▇▇▇▇▇▇ ▇. FANEUIL |
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▇▇▇▇▇▇ ▇. Faneuil |
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Executive Vice President, General |
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Counsel and Secretary |