Current assets

Exhibit 10.15

SECOND AMENDMENT TO
ALON ASSETS, INC.
INCENTIVE STOCK OPTION AGREEMENT

     This Amendment is entered into as of November 4, 2008, by and between Alon Assets, Inc., a Delaware corporation (the “Corporation”), and Jeff D. Morris (the “Participant”). Terms not defined in this Amendment will have the meaning set forth in the Incentive Stock Option Agreement described below.

     WHEREAS, the Corporation and the Participant entered into an Incentive Stock Option Agreement dated as of July 31, 2000 (the “Agreement”), pursuant to which the Corporation granted to the Participant an option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code to purchase 8,077.6 shares of Common Stock; and

     WHEREAS, the Corporation and the Participant wish to amend the Agreement to assure that the Option does not constitute a deferral of compensation subject to Section 409A of the Code.

     NOW, THEREFORE, the parties agree as follows:

     1. The Corporation and the Participant acknowledge that (i) a portion of the Option became vested and exercisable in March 2007 when the Company delivered to the Participant a Vesting Notice pursuant to Section 2 of the Agreement and (ii) the portion of the Option that became so vested and that did not qualify as an incentive stock option because it exceeded the $100,000 limit of Section 422(d) of the Code was exercised by the Participant in June 2007 and therefore satisfied the short-term deferral exception set forth in Section 1.409A-1(b)(4)(i) of the Treasury Regulations.

     2. With respect to any portion of the Option that vests and becomes exercisable in a calendar year after 2007, the Participant must exercise that portion of the Option (including any portion that exceeds the $100,000 limit of Section 422(d) of the Code) by the earlier of the maximum exercise period set forth in Section 2 or Section 5 of the Agreement, whichever applies, or March 15 of the calendar year immediately following the calendar year in which such portion of the Option vested. To the extent not exercised within the time period set forth in the preceding sentence, the portion of the Option that was exercisable will expire.

     3. Notwithstanding any provision of the Agreement to the contrary, in light of the uncertainty with respect to the proper application of Section 409A, the Company reserves the right to make amendments to the Agreement as the Company deems necessary or desirable solely to avoid the imposition of taxes or penalties under Section 409A.

     4. The provisions of this Amendment supersede and replace in their entirety any conflicting provision set forth in the Agreement, including Exhibit A to the Agreement.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

ALON ASSETS, INC.				PARTICIPANT
By:		/s/ David Wiessman		/s/ Jeff D. Morris
		Name: David Wiessman		Jeff D. Morris
		Title: Executive Chairman