Amendment No. 2006-1 to Omnibus Agreement, dated as of February 14, 2006

EX-10.1 2 w17615exv10w1.htm AMENDMENT NO. 2006-1 TO OMNIBUS AGREEMENT, DATED AS OF FEBRUARY 14, 2006 exv10w1
 

Exhibit 10.1
AMENDMENT NO. 2006-1 TO
OMNIBUS AGREEMENT
          This AMENDMENT NO. 2006-1, dated as of February 14, 2006 and effective January 1, 2006 (this “Amendment”), to the Omnibus Agreement, dated as of February 8, 2002, (the “Omnibus Agreement”) is adopted, executed and agreed to by Sunoco, Inc., Sunoco, Inc. (R&M), Sun Pipe Line Company of Delaware, Atlantic Petroleum Corporation, Sun Pipe Line Company, Sun Pipe Line Delaware (Out) LLC, Sunoco Logistics Partners L.P., Sunoco Logistics Partners Operations L.P., and Sunoco Partners LLC (each a “Party” and, collectively, the “Parties”).
Recitals
          WHEREAS, except as otherwise provided herein, capitalized terms used herein have the meanings assigned to them in the Omnibus Agreement; and
          WHEREAS, the Parties desire to amend the Omnibus Agreement to provide for the payment of a one-year fixed Administrative Fee for the 2006 calendar year.
          NOW, THEREFORE, in consideration of the premises, and each intending to be legally bound, the Parties do hereby agree as follows:
          SECTION 1. Amendment to Section 4.1. Section 4.1 of the Omnibus Agreement is amended to add a new subsection (d), as follows:
“(d) Effective January 1, 2006, and for a period of one year thereafter, the Administrative Fee paid by the Partnership to the General Partner will be Seven Million Six Hundred Thousand Sixty-Eight Dollars ($7,668,000) per year. This Administrative Fee for the 2006 calendar year will be a fixed fee, and will not be subject to any increase by Sunoco, whether to reflect changes in the Consumer Price Index, or otherwise; provided, however, that the General Partner, with the approval and consent of its Conflicts Committee, may agree on behalf of the Partnership to increase such Administrative Fee in connection with expansions of the operations of the Partnership Group through the acquisition or construction of new assets or businesses.”
          SECTION 2. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania.
          SECTION 3. Counterparts. This Amendment may be executed in any number of counterparts and by the different Members in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
[COUNTERPART SIGNATURE PAGES FOLLOW]

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          IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first set forth above.
         
    SUNOCO, INC.
 
       
 
  By:   /s/ THOMAS W. HOFMANN
 
       
    Name: Thomas W. Hofmann
    Title: Senior Vice President & Chief Financial Officer
 
       
    SUNOCO, INC. (R&M)
 
       
 
  By:   /s/ THOMAS W. HOFMANN
 
       
    Name: Thomas W. Hofmann
    Title: Senior Vice President & Chief Financial Officer
 
       
    ATLANTIC PETROLEUM CORPORATION
 
       
 
  By:   /s/ GEORGE J. SZILIER
 
       
    Name: George J. Szilier
 
  Title   : President
 
       
    SUN PIPE LINE COMPANY OF DELAWARE
 
       
 
  By:   /s/ DAVID A. JUSTIN
 
       
    Name: David A. Justin
    Title: President
 
       
    SUN PIPE LINE COMPANY
 
       
 
  By:   /s/ DEBORAH M. FRETZ
 
       
    Name: Deborah M. Fretz
    Title: President
 
       
    SUNOCO PARTNERS LLC
 
 
  By:   /s/ DEBORAH M. FRETZ
 
       
    Name: Deborah M. Fretz
    Title: President and Chief Executive Officer

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    SUNOCO LOGISTICS PARTNERS L.P.    
 
               
    By:   SUNOCO PARTNERS LLC,    
        its General Partner
 
      By:   /s/ DEBORAH M. FRETZ    
 
               
        Name: Deborah M. Fretz
        Title: President and Chief Executive Officer
 
               
    SUNOCO LOGISTICS PARTNERS OPERATIONS L.P.    
 
               
    By:   SUNOCO PARTNERS LLC,    
        its General Partner    
 
      By:   /s/ DEBORAH M. FRETZ    
 
               
        Name: Deborah M. Fretz    
        Title: President and Chief Executive Officer    
             
    SUN PIPE LINE DELAWARE (OUT) LLC
    (as successor to Sun Pipe Line Services (Out) LLC)
 
           
 
  By:   /s/ DEBORAH M. FRETZ    
 
           
    Name: Deborah M. Fretz
    Title: President

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