Summary of Oral Fuel Supply Agreement between SPI Petroleum LLC and E Z Shop, Inc.
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Summary
SPI Petroleum LLC and E Z Shop, Inc. have an oral agreement where SPI Petroleum supplies diesel fuel to E Z Shop at cost, with no minimum purchase requirements and on an as-needed basis. E Z Shop agrees to pay SPI Petroleum an annual administrative fee of $42,000 for handling credit card sales. The agreement is ongoing with no set end date.
EX-10.12 4 y37703a1exv10w12.htm EX-10.12: AMENDED AND RESTATED FUEL NETWORK AFFILIATION AGREEMENT EX-10.12
Exhibit 10.12
Summary of Oral Agreement between SPI Petroleum LLC and E Z Shop, Inc.
The Company and E Z Shop, Inc. have entered into an oral agreement whereby the Company agreed to supply diesel fuel at cost to E Z Shop, Inc. for an indefinite period of time. Both companies agreed that there would be no minimum purchase requirements and that all fuel supplied would be on an as needed basis. Pursuant to this agreement, E Z Shop, Inc. agreed to pay to the Company an annual administrative fee of $42,000 related to credit card sales.
