AMENDMENT TO TERMINALING SERVICES AGREEMENT (November 1, 2015)

EX-10.24 7 v434164_ex10-24.htm EXHIBIT 10.24

 

Exhibit 10.24

 

AMENDMENT TO TERMINALING SERVICES AGREEMENT

(November 1, 2015)

 

This Amendment and Correction to Terminaling Services Agreement is made as of the 1st day of November, 2015 between Center Point Terminal Company, LLC, a Delaware limited liability company (“Terminal”), and Enjet, LLC, a Texas limited liability company (“Customer”).

 

RECITALS

 

A.           Terminal and Customer are party to that certain Terminaling Services Agreement dated August 14, 2013, as amended (the “Agreement”), which Agreement provides for the storage and handling of residual petroleum products as specified therein at the Terminal Facilities.

 

B.           Terminal and Customer desire to amend the Agreement pursuant to the terms and conditions contained herein.

 

AGREEMENT

 

In consideration of the foregoing, the mutual covenants herein contained and other good and valuable consideration (the receipt, adequacy and sufficiency of which are hereby acknowledged by the parties by their execution hereof), the parties agree as follows:

 

1.           Definitions. All capitalized terms not otherwise expressly defined herein shall have the respective meanings given thereto in the Agreement.

 

2.           Amendments.

 

2.1.           Stipulated Volumes. Schedule C of the Agreement shall be amended to reduce the Stipulated Volumes at the Baton Rouge Facility by 108,040 barrels effective November 1, 2015.

 

3.           No Other Modification. Nothing contained herein in any way impairs the Agreement or alters, waives, annuls, varies or affects any provision, condition or covenant therein, except as specifically set forth in this Amendment to the Agreement. All other terms and provisions of the Agreement shall remain in full force and effect.

 

[Signature Page Immediately Follows]

 

   

 

 

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment to the Terminaling Services Agreement as of the date first written above.

 

  CENTER POINT TERMINAL COMPANY, LLC
     
  By: /s/ Ken Fenton
  Name:  Ken Fenton
  Title:  Executive Vice President
   
  ENJET, LLC
     
  By: /s/ LP Byler
  Name:  LP Byler
  Title:  President

 

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AMENDED SCHEDULE C

(Effective as of November 1, 2015)

 

STIPULATED VOLUMES

 

Terminal  Stipulated Volume (barrels)  

Initial Contract Term

(estimated commencement
8-14-13)

Baton Rouge   481,266   5 Years
Galveston   439,900   5 Years
Total Stipulated Volumes   921,166    

 

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