Second Amendment to Grain Bin Lease Agreement, dated May 1, 2018, between Agri-Energy, LLC and FCStone Merchant Services, LLC
Exhibit 10.5
SECOND
AMENDMENT
dated as of May 1, 2018
to the
GRAIN BIN LEASE AGREEMENT
dated as of June 1, 2015
between
FCStone Merchant Services, LLC ("FMS")
and
Agri-Energy, LLC ("Agri")
The parties have previously entered into that certain Grain Bin Lease Agreement dated as of June 1, 2015 (the "Lease"), which along with any amendments, schedules, annexes, exhibits and Confirmation that thereto constitute (the "Agreement"). The parties have now agreed to amend the Agreement by the terms of this Amendment (this "Amendment").
A. | AMENDMENT TO LEASE |
1) | 12. Assignment, shall be amended as follows: |
a. | "(iii) this Agreement may be assigned without consent for the benefit of FCStone's creditors. In such event, FCStone shall give notice as soon as practical to the Company;" |
b. | Subsection "(iii)" shall hereby be renumbered "(iv)." |
B. | REPRESENTATIONS |
Each party represents to the other party in respect of the Agreement, that all representations made by it pursuant to the Agreement are true and accurate as of the date of this Amendment.
C. | MISCELLANEOUS |
1) | Entire Agreement; Restatement |
(i) This Amendment constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings (except as otherwise provided herein) with respect thereto.
(ii) Except for any amendment to the Agreement made pursuant to this Amendment, all terms and conditions of the Agreement will continue in full force and effect in accordance with its provisions on the date of this Amendment. References to the Agreement will be to the Agreement, as amended by this Amendment.
D. | CONFLICTS |
For any conflict between the terms of this Amendment and any term of the Agreement, this Amendment shall govern.
E. | COUNTERPARTS |
This Amendment may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.
F. | HEADINGS |
The headings used in this Amendment are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Amendment.
G. | GOVERNING LAW |
This Amendment will be governed by and construed in accordance with the laws of the State of New York (without reference to choice of law doctrine).
IN WITNESS WHEREOF the parties have executed this Amendment on the respective dates specified below with effect from the date specified first on the first page of this Amendment.
Agri-Energy, LLC | FCStone Merchant Services, LLC |
By: /s/ Christopher M/ Ryan | By: /s/ Brent Grecian |
Name: Christopher M. Ryan Title: President Date: 5/2/18 | Name: Brent Grecian Title: President & CEO Date: 5/2/18 |
By: /s/ Tricia Harrod | |
Name: Tricia Harrod Title: CRO Date: 5/2/18 |