Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 40

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 13
Chunk 40
---
 Services provided by, or on behalf of, the Topper Group, not outsourced to an independent third party, include accounting; administrative; billing and invoicing; books and record keeping; budgeting, forecasting, and financial planning and analysis; management (including the management and oversight of the MLP’s wholesale motor fuel distribution and real estate business consistent with past practice); operations; payroll; contract administration; maintenance of internal controls; financial reporting, including SEC reporting and compliance; office space; purchasing and materials management; risk management and administration of insurance programs; information technology (includes hardware and software existing or acquired in the future for which title is retained by the Topper Group); in-house legal; compensation, benefits and human resources administration; cash management; corporate finance, treasury credit and debt administration; employee training; and miscellaneous administration and overhead expenses. In addition, the Partnership is required to reimburse the Topper Group for certain outsourced services to be provided by the Topper Group to or on behalf of the Partnership, as set forth in the Omnibus Agreement.

110 

General Indemnification; Limitation of Liability. Pursuant to the Omnibus Agreement, we are required to indemnify the Topper Group for any liabilities incurred by the Topper Group attributable to the management, administrative and operating services provided to us under the agreement, other than liabilities resulting from the Topper Group’s bad faith, fraud or willful misconduct. In addition, the Topper Group is required to indemnify us for any liabilities we incur as a result of the Topper Group’s bad faith, fraud or willful misconduct in providing management, administrative and operating services under the Omnibus Agreement. Other than indemnification claims based on the Topper Group’s bad faith, fraud or willful misconduct, the Topper Group’s liability to us for services provided under the Omnibus Agreement cannot exceed $5,000,000 in the aggregate.

Preferred Membership Interests

See Note 18 for information regarding the preferred membership interests held by related parties.

Fuel Supply and Lease Agreements

Revenues from TopStar, an entity affiliated with the Topper Group, were $43.1 million for 2024. Accounts receivable from TopStar were $0.6 million at December 31, 2024.

The Partnership leases certain motor fuel stations from the Topper Group under operating leases. Rent expense under these agreements was $10.2 million for 2024.

Sale of Property

In 2024, we sold one property to a related party affiliated with the