Document:

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                                                                   EXHIBIT 10.22

                          REGISTRATION RIGHTS AGREEMENT

         This Registration Rights Agreement (the "Agreement") is made and
entered into as of July 6, 2005, by and between Alon USA Energy, Inc., a
Delaware corporation (the "Company"), and Alon Israel Oil Company Ltd., an
Israeli corporation (the "Holder").

                                    RECITALS

A.       Upon the completion of an initial public offering of shares of common
         stock, par value $0.01 per share ("Common Stock"), of the Company (the
         "Initial Public Offering"), the Company will cease to be a wholly owned
         subsidiary of the Holder.

B.       In connection with the Initial Public Offering, the Company desires to
         grant Holder registration rights with respect to the Holder's ownership
         of Common Stock.

C.       This Agreement sets forth the understandings and agreements of the
         parties with respect to the rights and obligations of the Holder and
         the Company with respect to such registration rights.

         NOW, THEREFORE, the parties hereto agree as follows:

         1.       Definitions. The following terms have the following meanings
                  when used in this Agreement with initial capital letters:

         "Exchange Act" shall mean the Securities Act of 1934, as amended.

         "Holders" shall mean the Holder and any permitted assignee of the
Holder's rights under this Agreement.

         "Restricted Stock" shall mean all shares of Common Stock owned by the
Holder from time to time. As to any particular outstanding shares or other units
of Restricted Stock, such securities shall cease to be Restricted Stock when (i)
a registration statement with respect to the offer and sale of such securities
shall have become effective under the Securities Act and such securities shall
have been disposed of in accordance with such registration statement, (ii) such
securities shall have been distributed to the public pursuant to Rule 144 (or
any successor provision) under the Securities Act, (iii) such securities may be
freely distributed by the Holder thereof in a public offering or otherwise
without the need for registration or qualification of such securities under the
Securities Act or any similar state law then in force in light of legal
requirements or market conditions and without any restriction on the volume or
the manner of sale or any other limitations under Rule 144 (or any successor
provision) under the Securities Act, (iv) such securities shall have ceased to
be outstanding, or (v) the Holder thereof shall agree in writing that such
Restricted Stock shall no longer be Restricted Stock.

         "SEC" shall mean the U.S. Securities and Exchange Commission.

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         "Securities Act" shall mean the Securities Act of 1933, as amended.

         "Selling Holder" shall mean a Holder selling or distributing Restricted
Stock pursuant to this Agreement.

         2.       Demand Registration.

                  (a)      Request for Registration. Subject to the provisions
                           of Section 5 hereof, at any time and from time to
                           time any Holder or Holders holding in the aggregate
                           10% or more of the shares or other units of the
                           Restricted Stock then outstanding may make a written
                           request for registration under the Securities Act of
                           all or part of its or their Restricted Stock pursuant
                           to this Section 2 (a "Demand Registration"), provided
                           that the number of shares or other units of
                           Restricted Stock proposed to be sold or distributed
                           pursuant to such registration shall be equal to 10%
                           or more of the aggregate number of shares or other
                           units of Restricted Stock then outstanding, but (if
                           fewer than all outstanding shares or other units of
                           Restricted Stock are proposed to be so sold or
                           distributed) in no event less than 5% of the initial
                           aggregate number of shares or other units of
                           Restricted Stock (subject to appropriate adjustment
                           for any stock dividend, stock split, combination,
                           recapitalization, merger, consolidation,
                           reorganization or other occurrence affecting the
                           number of shares or other units of Restricted Stock
                           then outstanding). Such request will specify the
                           aggregate number of shares or other units of
                           Restricted Stock proposed to be sold or distributed
                           and will also specify the intended method of
                           disposition thereof. Within 10 business days after
                           receipt of such request, the Company will give
                           written notice of such registration request to all
                           other Holders of Restricted Stock and include in such
                           registration all Restricted Stock with respect to
                           which the Company has received written requests for
                           inclusion therein within 15 business days after the
                           date on which such notice is so given. Each such
                           request will also specify the number of shares or
                           other units of Restricted Stock to be registered and
                           the intended method of disposition thereof. No party
                           other than a Holder shall be permitted to include
                           securities in any Demand Registration unless the
                           Holder or Holders of a majority of the

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                           shares or other units of Restricted Stock to be
                           included therein shall have consented thereto in
                           writing.

                  (b)      Priority on Demand Registration. If the Holders of a
                           majority of the shares or other units of the
                           Restricted Stock to be included in a Demand
                           Registration so elect, the offering of such
                           Restricted Stock pursuant to such Demand Registration
                           shall be in the form of an underwritten offering. In
                           such event, if the managing underwriter or
                           underwriters of such offering advise the Company and
                           the Holders in writing that in their opinion the
                           aggregate amount of Restricted Stock requested to be
                           included in such offering is so large that it will
                           materially and adversely affect the success of such
                           offering, the Company will include in such
                           registration the aggregate number of shares or other
                           units of Restricted Stock which in the opinion of
                           such managing underwriter or underwriters can be sold
                           without any such material adverse effect, and such
                           number of shares shall be allocated pro rata among
                           the Holders of Restricted Stock on the basis of the
                           number of shares of Restricted Stock requested by
                           such Holders to be included in such registration. To
                           the extent Restricted Stock so requested to be
                           registered is excluded from the registration, then
                           the Holders of such Restricted Stock shall have the
                           right to one additional Demand Registration under
                           this Section 2 with respect to such Restricted Stock
                           (in addition to the number of Demand Registrations
                           permitted under Section 5(a)(ii) below), provided
                           that the failure of such Restricted Stock to be
                           registered is through no fault of such Holders.

                  (c)      Selection of Underwriters and Counsel. If any Demand
                           Registration is in the form of an underwritten
                           offering, the Holders of a majority of the shares or
                           other units of Restricted Stock to be registered will
                           select and obtain the services of the investment
                           banker or investment bankers and manager or managers
                           that will administer the offering and the counsel to
                           such investment bankers and managers; provided that
                           such investment bankers, managers and counsel must be
                           reasonably satisfactory to the Company.

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         3.       Piggyback Registration. If the Company proposes to file a
                  registration statement under the Securities Act with respect
                  to an offering (i) for its own account of any class of its
                  equity securities (other than a registration statement on Form
                  S-8 (or any successor form), Form S-4 (or any successor form)
                  or any other registration statement relating solely to
                  employee benefit plans or filed in connection with an exchange
                  offer, a transaction to which Rule 145 (or any successor
                  provision) under the Securities Act applies or an offering of
                  securities solely to the Company's existing stockholders) or
                  (ii) for the account of any other holder of Common Stock (to
                  the extent any agreement with such holder permitted under
                  Section 11 hereof (a "Third Party Agreement") permits the
                  registration of Restricted Stock in connection with such
                  offering), then the Company shall in each case give written
                  notice of such proposed filing to the Holders as soon as
                  practicable (but no later than 20 business days) before the
                  anticipated filing date, and such notice shall offer each
                  Holder the opportunity to register such number of shares or
                  other units of Restricted Stock as such Holder may request.
                  Each Holder desiring to have Restricted Stock included in such
                  registration statement shall so advise the Company in writing
                  within 10 business days after the date on which the Company's
                  notice is so given, setting forth the number of shares or
                  other units of Restricted Stock for which registration is
                  requested. If the offering is to be an underwritten offering,
                  the Company shall, subject to the further provisions of this
                  Agreement and to the provisions of a Third Party Agreement, if
                  applicable, use reasonable efforts to cause the managing
                  underwriter or underwriters to permit the Holders of the
                  Restricted Stock requested to be included in the registration
                  for such offering to include such Restricted Stock in such
                  offering on the same terms and conditions as any similar
                  securities of the Company included therein. The right of each
                  Holder to registration pursuant to this Section 3 in
                  connection with an underwritten offering shall, unless the
                  Company otherwise assents, be conditioned upon such Holder's
                  participation as a seller in such underwritten offering and
                  its execution of an underwriting agreement with the managing
                  underwriter or underwriters selected by the Company.
                  Notwithstanding the foregoing, if the managing underwriter or
                  underwriters of such offering deliver a written opinion to the
                  Company to the effect that either because of (a) the kind of
                  securities that the Company, the Holders and any other person
                  or entities intend to include in such offering or (b) the size
                  of the offering that the Company, the Holders and any other
                  persons or entities intend to make, the success of the
                  offering would be materially and adversely affected by
                  inclusion of the Restricted Stock requested to be included,
                  then (i) if the size of the offering is

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                  the basis of such managing underwriter's opinion, the number
                  of shares or other units of Restricted Stock to be registered
                  and offered for the accounts of Holders shall be reduced pro
                  rata on the basis of the number of securities requested by
                  such Holders to be registered and offered to the extent
                  necessary to reduce the total amount of securities to be
                  included in such offering to the amount recommend by such
                  managing underwriter or underwriters (provided that if
                  securities are being registered and offered for the account of
                  other persons or entities as well as the Company in an
                  offering by the Company, such reduction shall not be
                  proportionally greater than any similar reductions imposed on
                  such other persons or entities) and (ii) if the combination of
                  securities to be offered is the basis of such managing
                  underwriter's opinion, (x) the Registered Stock to be included
                  in such registration and offering shall be reduced as
                  described in clause (i) above or (y) if such actions would, in
                  the judgment of the managing underwriter, be insufficient to
                  substantially eliminate the adverse effect that inclusion of
                  the Restricted Stock requested to be included would have on
                  such offering, such Restricted Stock will be excluded entirely
                  from such registration and offering.

         4.       Registration Procedures. Whenever, pursuant to Section 2 or 3
                  hereof, Holders of Restricted Stock have requested that any
                  Restricted Stock be registered, the Company shall, subject to
                  the provisions of Section 5 hereof, use reasonable efforts to
                  effect the registration and the sale or distribution of such
                  Restricted Stock in accordance with the intended method of
                  disposition thereof as promptly as practicable, and in
                  connection with any such request, the Company shall:

                  (a)      in connection with a request pursuant to Section 2
                           hereof, prepare and file with the SEC, not later than
                           45 days after receipt of such a request, a
                           registration statement on any form for which the
                           Company then qualifies and which counsel for the
                           Company shall deem appropriate and which form shall
                           be available for the sale or distribution of such
                           Restricted Stock in accordance with the intended
                           method of distribution thereof, and use reasonable
                           efforts to cause such registration statement to
                           become effective; provided that if the Company shall
                           furnish to the Holders making such a request a
                           certificate signed by either the chief executive
                           officer or the chief financial officer of the Company
                           stating that in the good faith judgment of the
                           Company's board of directors, it would be
                           significantly disadvantageous to the Company for

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                           such a registration statement to be filed on or
                           before the date filing would otherwise be required
                           hereunder and explaining the reasons therefor, the
                           Company shall have an additional period of not more
                           than 90 days within which to file such registration
                           statement; and, provided further, that (i) before
                           filing a registration statement or prospectus or any
                           amendments or supplements thereto, the Company will
                           furnish to one counsel selected by the Holders of a
                           majority of the shares or other units of Restricted
                           Stock covered by such registration statement copies
                           of all such documents proposed to be filed, which
                           documents will be subject to the review and comment
                           of such counsel and (ii) after the filing of the
                           registration statement, the Company shall promptly
                           notify each Selling Holder of Restricted Stock of any
                           stop order issued or, to the knowledge of the
                           Company, threatened by the SEC and take all
                           reasonable actions to prevent the entry of such stop
                           order or to remove it if entered;

                  (b)      in connection with a request pursuant to Section 2
                           hereof, prepare and file with the SEC such amendments
                           and supplements to such registration statement and
                           the prospectus used in connection therewith as may be
                           necessary to keep such registration statement
                           effective for a period of not less than 90 days or
                           such shorter period as shall terminate when the
                           distribution of all Restricted Stock covered by such
                           registration statement shall have terminated and
                           comply with the provisions of the Securities Act with
                           respect to the disposition of all securities covered
                           by such registration statement during such period in
                           accordance with the intended methods of disposition
                           by the Selling Holders thereof set forth in such
                           registration statement;

                  (c)      as soon as reasonably practicable, furnish to each
                           Selling Holder, prior to filing a registration
                           statement, copies of such registration statement as
                           proposed to be filed and thereafter furnish to such
                           Selling Holder such number of copies of such
                           registration statement, each amendment and supplement
                           thereto, the prospectus included in such registration
                           statement (including any preliminary prospectus) and
                           such other documents as such

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                           Selling Holder may reasonably request in order to
                           facilitate the disposition of the Restricted Stock
                           owned by such Selling Holder;

                  (d)      use its reasonable efforts to register or qualify
                           such Restricted Stock under such other securities or
                           blue sky laws of Canada and of such jurisdictions
                           within the United States and Canada as any Selling
                           Holder reasonably (in light of such Selling Holder's
                           intended plan of distribution) requests and do any
                           and all other acts and things which may be reasonably
                           necessary or advisable to enable such Selling Holder
                           to consummate the disposition in such jurisdictions
                           of the Restricted Stock owned by such Selling Holder;
                           provided that the Company shall not be required to
                           (i) qualify generally to do business or file a
                           general consent to service of process in any
                           jurisdiction or (ii) take any action that would
                           subject itself to taxation in any such jurisdiction;

                  (e)      promptly notify each Selling Holder of such
                           Restricted Stock, at any time when a prospectus
                           relating thereto is required to be delivered under
                           the Securities Act, of the occurrence of any event
                           known to the Company requiring the preparation of a
                           supplement or amendment to such prospectus so that,
                           as thereafter delivered to the purchasers or
                           recipients of such Restricted Stock, such prospectus
                           will not contain an untrue statement of a material
                           fact or omit to state any material fact required to
                           be stated therein or necessary to make the statements
                           therein not misleading and promptly make available to
                           each Selling Holder any such supplement or amendment;

                  (f)      in connection with a request pursuant to Section 2
                           hereof, enter into an underwriting agreement in
                           customary form, the form and substance of such
                           underwriting agreement being subject to the
                           reasonable satisfaction of the Company and a majority
                           in interest of the Selling Holders;

                  (g)      make available for inspection by any Selling Holder,
                           any underwriter participating in any sale or
                           distribution pursuant to such registration statement

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                           and any attorney, accountant or other agent retained
                           by any such Selling Holder or underwriter
                           (collectively, the "Inspectors") all financial and
                           other records, pertinent corporate documents and
                           properties of the Company (collectively, the
                           "Records") as shall be reasonably necessary to enable
                           them to exercise their due diligence responsibility,
                           and cause the Company's officers and employees to
                           supply all information reasonably requested for such
                           purpose by any such Inspector in connection with such
                           registration statement; provided that the Company
                           shall have no obligation to permit such access to the
                           Records or its officers or employees in a manner that
                           would unreasonably disrupt the normal conduct of its
                           business operations;

                  (h)      in the event such sale is pursuant to an underwritten
                           offering, use its reasonable efforts to obtain a
                           comfort letter or letters from the Company's
                           independent public accountants in customary form and
                           covering such matters of the type customarily covered
                           by comfort letters as the managing underwriter
                           reasonably requests; and

                  (i)      otherwise use its reasonable efforts to comply with
                           all applicable rules and regulations of the SEC and
                           make available to its security holders, as soon as
                           reasonably practicable, an earnings statement
                           complying with the provisions of Section 11(a) of the
                           Securities Act (including, at the option of the
                           Company, pursuant to Rule 158 (or any successor
                           provision) under the Securities Act).

         Upon receipt of any notice from the Company of the occurrence of any
event of the kind described in subsection (e) hereof, such Selling Holder shall
forthwith discontinue all offerings, sales and other dispositions of Restricted
Stock pursuant to the registration statement covering such Restricted Stock
until such Selling Holder's receipt of the copies of the supplemented or amended
prospectus contemplated by subsection (e) hereof. In the event the Company shall
give any such notice, the Company shall extend the period during which such
registration statement shall be maintained effective pursuant to this Agreement
(including the period referred to in subsection (b) hereof) by the number of
days during the period from and including the date of the giving of such notice
pursuant to subsection (b) hereof to and including the first date on which each
Selling Holder covered by such registration statement shall have received the
copies of the supplemented or amended prospectus contemplated by subsection (e)
hereof. Each Selling Holder shall notify the Company if any event relating to
such Selling Holder occurs which would require the preparation of a supplement
or amendment to the prospectus so that such prospectus

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will not contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading.

         5.       Conditions and Limitations.

                  (a)      The Company's obligations under Section 2 hereof
                           shall be subject to the following limitations:

                           (i)      the Company need not file a registration
                                    statement either (x) during the period
                                    starting with the date 60 days prior to the
                                    Company's estimated date of filing of, and
                                    ending 90 days after the effective date of
                                    filing of, any registration statement
                                    pertaining to securities of the Company
                                    (other than a registration of securities in
                                    a transaction to which Rule 145 (or any
                                    successor provision) under the Securities
                                    Act applies, in an exchange offer or with
                                    respect to an employee benefit plan or
                                    dividend reinvestment plan), provided that
                                    if such Company registration statement is
                                    not filed within 90 days after the first
                                    date on which the Company notifies a Holder
                                    of Restricted Stock that it will delay a
                                    Demand Registration pursuant to this clause
                                    (x), the Company may not further postpone
                                    such Demand Registration pursuant to this
                                    clause (x) or (y) during the period
                                    specified in the first proviso of
                                    subparagraph (a) of Section 4 hereof;

                           (ii)     except as provided in Section 2(b) hereof,
                                    the Company shall not be required to cause
                                    to become effective more than three Demand
                                    Registrations, other than Demand
                                    Registrations meeting the requirements of
                                    Section 2 and which can be made by the
                                    Company using Form S-3, which shall not be
                                    limited in number; and

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                           (iii)    the Company shall have received the
                                    information and documents specified in
                                    Section 6 hereof and each Selling Holder
                                    shall have observed or performed its other
                                    covenants contained in Sections 6 and 8
                                    hereof.

                  (b)      The Company's obligation under Section 3 hereof shall
                           be subject to the limitations and conditions
                           specified in such Section and in clause (iii) of
                           subsection (a) of this Section 5, and to the
                           condition that the Company may at any time terminate
                           its proposal to register equity securities for its
                           own account and discontinue its efforts to cause a
                           registration statement to become or remain effective
                           as to any and all shares or other units of Restricted
                           Stock that would otherwise have been eligible for
                           inclusion in such registration.

         6.       Information from and Certain Covenants of Holders of
                  Restricted Stock. Notices and requests delivered to the
                  Company by Holders for whom Restricted Stock is to be
                  registered pursuant to this Agreement shall contain such
                  information regarding the Restricted Stock to be so
                  registered, the Holder and the intended method of disposition
                  of such Restricted Stock as shall reasonably be required in
                  connection with the actions contemplated to be taken pursuant
                  to this Agreement. Any Holder whose Restricted Stock is
                  included in a registration statement pursuant to this
                  Agreement shall exercise all consents, powers of attorney,
                  registration statements and other documents reasonably
                  required to be executed by it in order to cause such
                  registration statement to become effective. Each Selling
                  Holder covenants that, in disposing of such Holder's shares,
                  such Holder will comply with Regulation M and Rule 10b-5 (or
                  any successor provisions) under the Exchange Act and all other
                  requirements of applicable law.

         7.       Registration Expenses.

                  (a)      All Registration Expenses (as defined herein) will be
                           borne by the Company. Underwriting discounts and
                           commissions applicable to the sale of Restricted
                           Stock shall be borne by the Holder of the Restricted
                           Stock to which such discount or commission relates.

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                  (b)      As used herein, the term Registration Expenses means
                           all expenses incident to the Company's performance of
                           or compliance with this Agreement (whether or not the
                           registration in connection with which such expenses
                           are incurred ultimately becomes effective), including
                           without limitation all registration and filing fees,
                           fees and expenses of compliance with securities or
                           blue sky laws (including reasonable fees and
                           disbursements of counsel in connection with blue sky
                           qualifications of the Restricted Stock), rating
                           agency fees, printing expenses, the fees and expenses
                           incurred in connection with the listing or admission
                           for quotation of the securities to be registered on
                           any securities exchange or quotation system and fees
                           and disbursements of counsel for the Company and its
                           independent certified public accountants (including
                           the expenses of any special audit or comfort letters
                           required by or incident to such performance),
                           securities act liability insurance (if the Company
                           elects to obtain such insurance), the reasonable fees
                           and expenses of any special experts retained by the
                           Company in connection with such registration and the
                           fees and expenses of other persons retained by the
                           Company, all fees and expenses of counsel for the
                           underwriters (to the extent not borne by the
                           underwriters), and all fees and expenses of one
                           counsel acting on behalf of the Selling Holders and
                           selected by Selling Holders holding a majority of the
                           shares or other units of Restricted Stock to be
                           registered.

         8.       Indemnification; Contribution.

                  (a)      Indemnification by the Company. In connection with
                           any offering of Restricted Stock pursuant to this
                           Agreement, the Company shall indemnify and hold
                           harmless each Selling Holder, its officers, directors
                           and agents and each person, if any, who controls such
                           Selling Holder within the meaning of either Section
                           15 of the Securities Act or Section 20 of the
                           Exchange Act from and against any and all losses,
                           claims, damages, liabilities and expenses (including
                           reasonable fees and disbursements of counsel) arising
                           out of or based upon any untrue statement or alleged
                           untrue statement of material fact contained in any

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                           registration statement or prospectus relating to
                           Restricted Stock or in any amendment or supplement
                           thereto or in any preliminary prospectus relating to
                           Restricted Stock or arising out of or based upon any
                           omission or alleged omission to state therein a
                           material fact required to be stated therein or
                           necessary to make the statements therein not
                           misleading in light of the circumstances under which
                           they were made, except insofar as such losses,
                           claims, damages, liabilities or expenses arise out
                           of, or are based upon, any such untrue statement or
                           alleged untrue statement or omission or alleged
                           omission based upon information furnished in writing
                           to the Company by such Selling Holder or on such
                           Selling Holder's behalf expressly for use therein. In
                           connection with any underwritten offering of
                           Restricted Stock registered pursuant to this
                           Agreement, the Company shall cause to be included in
                           any underwriting agreement with the underwriters of
                           such offering provisions indemnifying and providing
                           for contribution to such underwriters and their
                           officers and directors and each person who controls
                           such underwriters on substantially the same basis as
                           the provisions of this Section 8 indemnifying and
                           providing for contribution to the Selling Holders.

                  (b)      Indemnification by Holders of Restricted Stock. In
                           connection with any offering of Restricted Stock
                           pursuant to this Agreement, each Selling Holder shall
                           indemnify and hold harmless the Company, its
                           officers, directors and agents and each person, if
                           any, who controls the Company within the meaning of
                           either Section 15 of the Securities Act or Section 20
                           of the Exchange Act, from and against any and all
                           losses, claims, damages, liabilities and expenses
                           (including reasonable fees and disbursements of
                           counsel) arising out of or based upon any untrue
                           statement or alleged untrue statement of a material
                           fact contained in any registration statement or
                           prospectus relating to Restricted Stock or in any
                           amendment or supplement thereto or in any preliminary
                           prospectus relating to Restricted Stock, or arising
                           out of or based upon any omission or alleged omission
                           to state therein a material fact required to be
                           stated therein or necessary to make the statements
                           therein

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                           not misleading in light of the circumstances under
                           which they were made, provided that (i) such losses,
                           claims, damages, liabilities or expenses arise out
                           of, or are based upon, any such untrue statement or
                           alleged untrue statement or omission or alleged
                           omission based upon information furnished in writing
                           to the Company by such Selling Holder or on such
                           Selling Holder's behalf expressly for use therein and
                           (ii) no Selling Holder shall be liable for any
                           indemnification under this Section 8 in an aggregate
                           amount which exceeds the total net proceeds received
                           by such Selling Holder from such offering. In
                           connection with any underwritten offering of
                           Restricted Stock registered pursuant to this
                           Agreement, each Selling Holder shall cause to be
                           included in any underwriting agreement with the
                           underwriters of such offering provisions indemnifying
                           and providing for contribution to such underwriters,
                           their officers and directors and each person who
                           controls such underwriters on substantially the same
                           basis as the provisions of this Section 8
                           indemnifying and providing for contribution to the
                           Company.

                  (c)      Conduct of Indemnification Proceedings. If any action
                           or proceeding (including any governmental
                           investigation) shall be brought or asserted against
                           any indemnified party hereunder in respect of which
                           indemnity may be sought from an indemnifying party
                           hereunder, such indemnifying party shall assume the
                           defense thereof, including the employment of counsel
                           reasonably satisfactory to such indemnified party,
                           and shall assume the payment of all expenses. Such
                           indemnified party shall have the right to employ
                           separate counsel in any such action and to
                           participate in the defense thereof, but the fees and
                           expenses of such counsel shall be at the expenses of
                           such indemnified party unless (i) the indemnifying
                           party has agreed to pay such fees and expenses, (ii)
                           the indemnifying party shall have failed to assume
                           the defense of such action or proceeding and employ
                           counsel reasonably satisfactory to such indemnified
                           party, or (iii) the named parties to any such action
                           or proceeding (including any impleaded parties)
                           include both such indemnified party and such
                           indemnifying party, and such indemnified party

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                           shall have been advised by counsel that there may be
                           one or more legal defenses available to such
                           indemnified party which are different from or
                           additional to those available to the indemnifying
                           party (in which case, if such indemnified party
                           notifies the indemnifying party in writing that it
                           elects to employ separate counsel at the expense of
                           the indemnifying party, the indemnifying party shall
                           not have the right to assume the defense of such
                           action or proceeding on behalf of such indemnified
                           party; it being understood, however, that the
                           indemnifying party shall not, in connection with any
                           one such action or proceeding or separate but
                           substantially similar or related actions or
                           proceedings in the same jurisdiction arising out of
                           the same general allegations or circumstances, be
                           liable for the fees and expenses of more than one
                           separate firm of attorneys (together with appropriate
                           local counsel) at any time for such indemnified
                           party, which firm shall be designated in writing by
                           such indemnified party and reasonably satisfactory to
                           the indemnifying party). The indemnifying party shall
                           not be liable for any settlement of any such action
                           or proceeding effected without its written consent,
                           but if settled with its written consent, or if there
                           is a final judgment for the plaintiff in any such
                           action or proceeding, the indemnifying party shall
                           indemnify and hold harmless the indemnified party
                           from and against any loss or liability (to the extent
                           stated above) by reason of such settlement or
                           judgment.

                  (d)      Contribution. If the indemnification provided for in
                           this Section 8 is unavailable to the Company or the
                           Selling Holders in respect of any losses, claims,
                           damages, liabilities or judgments referred to herein,
                           then each such indemnifying party, in lieu of
                           indemnifying such indemnified party, shall contribute
                           to the amount paid or payable by such indemnified
                           party as a result of such losses, claims, damages,
                           liabilities and judgments in such proportion as is
                           appropriate to reflect the relative fault of each
                           such party in connection with such statements or
                           omissions or alleged statements or omissions, as well
                           as any other relevant equitable considerations. The
                           relative fault of each such party shall be determined
                           by reference to, among other

                                       14
<PAGE>

                           things, whether the untrue or alleged untrue
                           statement of a material fact or the omission or
                           alleged omission to state a material fact relates to
                           information supplied by such party, and the parties'
                           relative intent, knowledge, access to information and
                           opportunity to correct or prevent such statement or
                           omission. The Company and the Selling Holders agree
                           that it would not be just and equitable if
                           contribution pursuant to this Section 8(d) were
                           determined by pro rata allocation or by any other
                           method of allocation which does not take account of
                           the equitable considerations referred to in the
                           immediately preceding paragraph. The amount paid or
                           payable by an indemnified party as a result of the
                           losses, claims, damages, liabilities or judgments
                           referred to in the immediately preceding paragraph
                           shall be deemed to include, subject to the
                           limitations set forth above, any legal or other
                           expenses reasonably incurred by such indemnified
                           party in connection with investigation or defending
                           any such action or claims. Notwithstanding the
                           provisions of this Section 8(d), no Selling Holder
                           shall be required to contribute an amount in excess
                           of the amount by which the total price at which the
                           Restricted Stock of such Selling Holder was offered
                           to the public exceeds the amount of any damages which
                           such Selling Holder has otherwise been required to
                           pay by reason of such untrue or alleged untrue
                           statement or omission or alleged omission. No person
                           guilty of fraudulent misrepresentation (within the
                           meaning of Section 11(f) of the Securities Act) shall
                           be entitled to contribution from any person who is
                           not guilty of such fraudulent misrepresentation.

         9.       Reports Under Exchange Act. With a view to making available to
                  the Holder the benefits of Rule 133 promulgated under the
                  Securites Act and any other rule or regulation of the SEC that
                  may at any time permit a Holder to sell securities of the
                  Company to the public without registration or pursuant to a
                  registration on Form S-3, the Company agrees to:

                  (a)      Make and keep public information available, as those
                           terms are understood and defined in SEC Rule 144, at
                           all times after the effective date of the first
                           registration statement filed by the Company for the
                           offering of its securities to the general public so

                                       15
<PAGE>

                           long as the Company is subject to the periodic
                           reporting requirements under Sections 13 or 15(d) of
                           the Exchange Act;

                  (b)      File with the SEC in a timely manner all reports and
                           other documents required of the Company under the
                           Securities Act and the Exchange Act; and

                  (c)      Furnish to any Holder, so long as the Holder owns
                           shares or other units of Restricted Stock, forthwith
                           upon request (i) a written statement by the Company
                           that it has complied with the reporting requirements
                           of SEC Rule 144, the Securities Act and the Exchange
                           Act (at any time after it has become subject to such
                           reporting requirements), or that it qualifies as a
                           registrant whose securities may be resold pursuant to
                           Form S-3 (at any time after it so qualifies), (ii) a
                           copy of the most recent annual or quarterly report of
                           the Company, and (iii) such other information as may
                           be reasonably requested in availing any Holder of any
                           rule or regulation of the SEC which permits the
                           selling of any such securities without registration
                           or pursuant to such form.

                                       16
<PAGE>

         10.      Lock-Up Arrangements. In consideration of the covenants and
                  agreements of the Company contained herein, each Holder agrees
                  that, in connection with any offering by the Company of its
                  securities, whether for the account of the Company, any
                  Holder, or any other holder of securities of the Company, such
                  Holder shall, with respect to any Restricted Stock then held
                  by such Holder which is not included in such offering, execute
                  a customary "lock-up" agreement reasonably requested by the
                  Company or, if such offering is an underwritten offering, by
                  the underwriters in such offering; provided that the period of
                  such agreement shall not exceed 180 days after the initial
                  sale of securities in such offering.

         11.      Limitations on Subsequent Registration Rights. The Company
                  shall not, without the prior written consent of the Holders of
                  a majority of the Restricted Stock then outstanding, enter
                  into any agreement with any holder or prospective holder of
                  any securities of the Company that would grant such holder or
                  prospective holder registration rights that would reduce the
                  amount of Restricted Stock a Holder may include in any
                  registration by the Company.

         12.      Miscellaneous.

                  (a)      Effectiveness. This Agreement shall become effective
                           on the date on which the purchase and sale of shares
                           of Common Stock pursuant to the Initial Public
                           Offering first occurs.

                  (b)      Successors and Assigns. This Agreement shall be
                           binding upon the parties hereto and their respective
                           successors and permitted assigns and shall inure to
                           the benefit of the parties hereto and their
                           respective successors and permitted assigns. This
                           Agreement may not be assigned by the Company. This
                           Agreement may be assigned by a Holder to any of its
                           affiliates or to any other person who acquires from a
                           Holder at least 10% of the initial aggregate number
                           of shares or other units of Restricted Stock.

                  (c)      No Third-Party Beneficiaries. Nothing expressed or
                           implied in this Agreement shall be construed to give
                           any person or entity other than the parties hereto
                           any legal or equitable rights hereunder.

                                       17
<PAGE>

                  (d)      Entire Agreement. This Agreement constitutes the
                           entire agreement between the parties with respect to
                           the subject matter hereof.

                  (e)      Amendment. This Agreement may not be amended except
                           by an instrument signed by the parties hereto.

                  (f)      Waivers. Either party hereto may (i) extend the time
                           for the performance of any of the obligations or
                           other act of the other party, (ii) waive any
                           inaccuracies in the representations and warranties
                           contained herein, or (iii) waive compliance with any
                           of the agreements contained herein. No waiver of any
                           term shall be construed as a waiver of the same term,
                           or a waiver of any other term, of this Agreement. The
                           failure of any party to assert any of its rights
                           hereunder will not constitute a waiver of any such
                           rights.

                  (g)      Severability. Whenever possible, each provision or
                           portion of any provision of this Agreement shall be
                           interpreted in such manner as to be effective and
                           valid under applicable law, but if any provision or
                           portion of any provision of this Agreement is held to
                           be invalid, illegal or unenforceable in any respect
                           under any applicable law or rule in any jurisdiction,
                           such invalidity, illegality or unenforceability shall
                           not affect the validity, legality or enforceability
                           of any other provision or portion of any provision in
                           such jurisdiction, and this Agreement shall be
                           reformed, construed and enforced in such jurisdiction
                           in such manner as will effect as nearly as lawfully
                           possible the purpose and intent of such invalid,
                           illegal or unenforceable provision.

                  (h)      Headings. Section headings in this Agreement are
                           included herein for convenience of reference only and
                           shall not constitute a part of this Agreement for any
                           other purpose.

                  (i)      Notices. All notices given in connection with this
                           Agreement shall be in writing. Service of such
                           notices shall be deemed complete (i) if hand
                           delivered, on the date of delivery, (ii) if by
                           telecopier, upon receipt of oral or written

                                       18
<PAGE>

                           confirmation that such transmission has been
                           received, (iii) if by mail, on the sixth business day
                           following the day of deposit in the United States
                           mail, by certified or registered mail, first-class
                           postage prepaid, or (iv) if sent by FedEx or
                           equivalent courier service, on the next business day.
                           Such notices shall be addressed to the parties at the
                           following addresses or at such other address for a
                           party as shall be specified by like notice (except
                           that notices of change of address shall be effective
                           upon receipt):

                           If to Holder:       Alon Israel Oil Company Ltd.
                                               Europark (France Building)
                                               Kibbutz Yakum 60972
                                               Israel
                                               Attn: David Wiessman
                                               Facsimile No.: 011-972-9-951-4345

                           If to the Company:  Alon USA Energy, Inc.
                                               7616 LBJ Freeway
                                               Suite 300
                                               Dallas, TX 75251
                                               Attn: General Counsel
                                               Facsimile No.: (972) 367-3728

                  (j)      Governing Law. This Agreement shall be governed by,
                           and construed in accordance with, the law of the
                           State of Delaware, without giving effect to the
                           principles of conflict of laws of such State.

                  (k)      Counterparts. This Agreement may be executed in
                           counterparts, each of which shall be an original, but
                           all of which together shall constitute but one and
                           the same instrument.

                                       19
<PAGE>

         IN WITNESS WHEREOF, the Company and the Holder have caused this
Agreement to be executed on the date first above written.

                                 ALON USA ENERGY, INC.

                                 By: /s/ HARLIN DEAN
                                    -----------------------------------

                                    Name:   Harlin Dean

                                    Title:  Vice President

                                 ALON ISRAEL OIL COMPANY LTD.

                                 By: /s/ DAVID WIESSMAN         /s/ ITZHAK BADER
                                    --------------------------------------------
                                    Name:  David Wiessman       Itzhak Bader

                                    Title: President and CEO    Chairman

                                       20<PAGE>

                                                                   EXHIBIT 10.50

                      AGREEMENT OF PRINCIPLES OF EMPLOYMENT

                               Dated July 6, 2005

By and among:     DAVID WIESSMAN (hereinafter: "Mr. Wiessman")

And:              ALON ISRAEL OIL COMPANY LTD. (hereinafter: "Alon Israel")

And:              ALON USA ENERGY, INC. (hereinafter "Alon Energy")

WHEREAS, Mr. Wiessman and Alon Israel have entered into an Agreement of
Principles of Employment dated June 19, 2005 (the "Alon Israel Employment
Agreement");

WHEREAS, portions of the Alon Israel Employment Agreement relate to Mr.
Wiessman's services to Alon Energy and its subsidiaries;

WHEREAS, Alon Energy has agreed to assume from Alon Israel and to be responsible
for the compensation and other benefits set forth in the Alon Israel Employment
Agreement which pertain to Mr. Wiessman's services to Alon Energy and its
subsidiaries;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

         1.       The term of this agreement will be for 5 (five) years
                  commencing on 1/1/05 (hereinafter: "THE TERM OF THE
                  AGREEMENT").

         2.       During the term of this agreement, Mr. Wiessman through DW
                  OPERATING, LLC, will render his services to Alon Energy in the
                  USA and will serve as Executive Chairman of the Board of Alon
                  Energy and as chairman or an executive officer (as the case
                  may be) in all of the subsidiaries of Alon Energy.

         3.       The monthly remuneration to be paid by Alon Energy to Mr.
                  Wiessman for rendering his services to Alon Energy in
                  accordance with section 2 above will be: $24,000 (twenty-four
                  thousand dollars) ("THE REMUNERATION"). Mr. Wiessman will be
                  entitled to participate in the bonus plan of Alon Energy and
                  its subsidiaries at an executive level. Mr. Wiessman will be
                  entitled to a 5% fee increase at the end of each of the
                  second, third and fourth year of the agreement.

         4.       Alon Energy or Alon Israel will be entitled to bring this
                  agreement to an early end, upon a prior written notice to Mr.
                  Wiessman of 6 (six) months.

         5.       In case of termination of this agreement according to section
                  4 above, for any reason whatsoever, then the following
                  provisions will apply:

                           a.       During the 6 (six) months prior notice
                                    period given to Mr. Wiessman he will be
                                    entitled to receive full remuneration in
                                    accordance with section 3 herein.

<PAGE>

                           b.       Mr. Wiessman will be entitled to a 12
                                    (twelve) month adaptation period commencing
                                    at the end of the prior notice period.
                                    During the adaptation period Mr. Wiessman
                                    will be entitled to receive his full
                                    remuneration according to this agreement.

                           c.       Alon Energy will pay Mr. Wiessman all
                                    remuneration Mr. Wiessman is entitled to up
                                    to the date of termination of his
                                    employment, including the prior notice
                                    period, to which Alon Energy shall add a
                                    compensation fee equal to the amount of 200%
                                    of the monthly remuneration paid to Mr.
                                    Wiessman according to this agreement for
                                    each year in which he rendered his services
                                    to Alon Energy.

         6.       During the term of this Agreement, Alon Energy shall provide
                  the following benefits to Mr. Wiessman:

                           a.       Alon Energy will rent or lease a car for the
                                    use of Mr. Wiessman during his stays in the
                                    U.S. The car will be in a standard and level
                                    suitable to the position Mr. Wiessman is
                                    filling.

                           b.       Alon Energy will participate in the costs of
                                    Mr. Wiessman's apartment maintenance in the
                                    U.S as customary for an Israeli employee
                                    employed by Alon Energy in the U.S.

                           c.       Alon Energy shall provide medical insurance
                                    to Mr. Wiessman as customary for Alon Energy
                                    employees in the U.S.

                           d.       Alon Energy shall provide flight tickets to
                                    the U.S for Mr. Wiessman's family members
                                    (up to 8 tickets a year).

IN WITNESS WHEREOF, the parties have signed this agreement as of the date first
above written.

Alon USA Energy, Inc.                      Alon Israel Oil Company Ltd.

/s/ HARLIN DEAN                             /s/ ITZHAK BADER
------------------------------             --------------------------------
Harlin Dean, Vice President                Itzhak Bader, Chairman

/s/ DAVID WIESSMAN
-----------------------------
David Wiessman

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