Extension Letter Agreement between Link Energy Limited Partnership and Standard Chartered Trade Services Corporation (February 24, 2004)
Summary
Link Energy Limited Partnership and Standard Chartered Trade Services Corporation have agreed to extend two existing agreements: a Commodities Repurchase Agreement and a Receivables Purchase Agreement, both originally dated February 11, 2003. The extension moves the agreements' end date to June 1, 2004. Link Energy will pay an extension fee of $437,500 and execute any necessary documents to formalize the extension. The agreement is confirmed by both parties signing this letter.
EX-10.9 16 h13722exv10w9.txt EXTENSION LETTER AGREEMENT DATED FEBRUARY 24, 2004 EXHIBIT 10.9 EXECUTION COPY LINK ENERGY LIMITED PARTNERSHIP P.O. BOX 4666 Houston, Taxes 77210-466 www.linkenergy.com February 24, 2004 Standard Chartered Trade Services Corporation One Madison Avenue New York, NY 10010-3603 Re: Extensions Gentlemen: Link Energy Limited Partnership ("Link") hereby notifies Standard Chartered Trade Services Corporation ("SCTSC") of its intent to extend the following agreements: 1. Second Amended and Restated Commodities Repurchase Agreement, dated as of February 11, 2003 (as amended, supplemented, restated or otherwise modified from time to time, the "Crude Oil Purchase Agreement"); and 2. Second Amended and Restated Receivables Purchase Agreement, dated as of February 11, 2003 (as amended, supplemented, restated or otherwise modified from time to time, the "Receivables Purchase Agreement"). The Crude Oil Purchase Agreement and Receivables Purchase Agreement are hereby referred to collectively as the "Agreements." Link hereby elects to extend the Agreements from the First Extension Date, as defined in the Agreements, to June 1, 2004. Additionally, Link agrees to pay to SCTSC the applicable extension fees of $437,500, as agreed between the parties and execute all necessary documents to effectuate the extensions. Please evidence your acceptance of Link election to extend the Agreements by signing on behalf of SCTSC in the space provided and providing a signed copy of the letter to Link for its files. Standard Chartered Trade Services Corporation February 24, 2004 Page 2 Should you have any questions, please contact me. Very truly yours, Link Energy Limited Partnership By: Link Energy LLC, its duly authorized agent by: ___________________________________________ James R. Allred Vice President and Treasurer Agreed to and Accepted this _____ day of __________ , 2004, by: Standard Chartered Trade Services Corporation By: ___________________________________ Name: _________________________________ Title: ________________________________ By: ___________________________________ Name: _________________________________ Title: ________________________________
