Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 217

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 217
---
 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 Topper Group for $2.5 million, resulting in a net gain of $1.8 million.

Maintenance and Environmental Costs

Certain maintenance and environmental monitoring and remediation activities are performed by an entity affiliated with the Topper Group, as approved by the conflicts committee of the Board. We incurred charges with this related party of $3.4 million for 2024. Accounts payable to this related party amounted to $0.6 million at December 31, 2024.

Convenience Store Products

We purchase certain convenience store products from an affiliate of John B. Reilly, III and Joseph V. Topper, Jr., members of the Board, as approved by the independent conflicts committee of the Board. Merchandise costs amounted to $19.4 million for 2024. Amounts payable to this related party amounted to $1.4 million at December 31, 2024.

Vehicle Lease

In connection with the services rendered under the Omnibus Agreement, we lease certain vehicles from an