Document:

Exhibit

FIRST AMENDMENT 
TO
MARKETING AGREEMENT

This First Amendment to Marketing Agreement (this “Amendment”) is entered into as of July 26, 2013 by and between Delek Refining, Ltd., a Texas limited partnership (“Delek Refining”), and Delek Marketing & Supply, LP, a Delaware limited partnership (“Delek Marketing”). Delek Refining and Delek Marketing are hereinafter sometimes referred to individually as a “Party” and collectively as the “Parties.”

W I T N E S S E T H:

WHEREAS, LP and Buyer are parties to that certain Marketing Agreement dated as of November 7, 2012 (the “Marketing Agreement”); and 

WHEREAS, LP and Buyer now desire to amend the Marketing Agreement in certain respects, as provided in this Amendment;

NOW, THEREFORE, for and in consideration of the mutual covenants, agreements, obligations and benefits made and contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 

1.Definitions. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Marketing Agreement. 

2.Amendment.  The Parties hereto agree that the Marketing Agreement is hereby amended as follows:

(a)    The defined term “Applicable Law” is hereby amended in its entirety to read as follows: 

““Applicable Law” means any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, order, decree, permit, approval, concession, grant, franchise, license, agreement, requirement, or other governmental restriction or any similar form of decision of, or any provision of condition of any permit, license or other operating authorization issued under any of the foregoing by, or any determination by any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended (including, without limitation, all of the terms and provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question, including any Environmental Law.”

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(b)    The second sentence of the defined term “Affiliate’ is hereby amended in its entirety to read as follows:

“Notwithstanding the foregoing, for purposes of this Agreement, Delek US and its subsidiaries (other than the General Partner, the Partnership and its subsidiaries), including Refining, on the one hand, and the General Partner, the Partnership and its subsidiaries, including Delek Marketing, on the other hand, shall not be considered Affiliates of each other.”

(a)    The defined term “Throughput Fee” is deleted.

(c)    Section 6.2 of the Marketing Agreement is hereby amended in its entirety to read as follows:

“6.2 [Reserved].”    

(c)    Section 6.3 of the Marketing Agreement is hereby amended in its entirety to read as follows:

“6.3 Services Base Fee Adjustment. On July 1 of each year commencing on July 1, 2013, the Services Base Fee shall be increased by an amount equal to the increase, if any, in the CPI-U (All Urban Consumers), as reported by the U.S. Bureau of Labor Statistics, Index; provided, however, that the Services Base Fee may not be decreased below the initial Services Base Fee provided in Section 6.1. If the CPI-U (All Urban Consumers) index is no longer published, Delek Refining and Delek Marketing shall negotiate in good faith to agree on a new index that gives comparable protection against inflation and the same method of adjustment for increases in the new index shall be used to calculate increases in the Services Base Fee. If Delek Refining and Delek Marketing are unable to agree, the new index will be determined by arbitration in accordance with Section 11.12.”

(d)    Section 6.6 of the Marketing Agreement is hereby amended in its entirety to read as follows:

“6.6 Invoicing and Payments. Delek Marketing shall invoice Delek Refining monthly (or in the case of any Shortfall Payments, quarterly). The Services Base Fee and the Shortfall Payment, if any, for any one-month (or one Contract Quarter, as applicable) period shall be due and payable by Delek Refining in arrears on or before the tenth (10th) Business Day following receipt by Delek Refining of such invoice. The Services Profit Share for any one-month period shall be due and payable by Delek Refining in arrears on or before the tenth (10th) Business Day of the second month following such period. Any past due payments owed pursuant to this Article 6 shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Services Base Fee, Services Profit Share or Shortfall Payment pursuant to this Article 6 shall be made by wire transfer of immediately available funds to an account designated in writing by Delek Marketing. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.”

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(e)    The first sentence of Section 6.7 of the Marketing Agreement is hereby amended in its entirety to read as follows:

“Delek Refining shall maintain the books, records and accounts reflecting the transactions arising from this Agreement during the Term, including, without limitation, accounting and administrative reports relating to the (a) marketing and sale of the Refinery Products and (b) accrual and payment of the Services Base Fee, Services Profit Share and Shortfall Payment attributable to the Term.”

(f)     The first sentence of Section 8.1 of the Marketing Agreement is hereby amended in its entirety to read as follows:

“In the event that either Party is rendered unable, wholly or in part, by a Force Majeure event to perform its obligations under this Agreement, then upon the delivery by such Party (the “Force Majeure Party”) of written notice (a “Force Majeure Notice”) and full particulars of the Force Majeure event within a reasonable time after the occurrence of the Force Majeure event relied on, the obligations of the Parties, to the extent they are affected by the Force Majeure event, shall be suspended for the duration of any inability so caused; provided, that (A) prior to the third anniversary of the Effective Date, Delek Refining shall be required to make payments (i) for the Services Base Fee and Services Profit Share for volumes actually sold under this Agreement, provided that the aggregate minimum amount of such Services Profit Share specified in Section 6.1(b) shall not apply for purposes of this clause (A)(i), and (ii) unless the Force Majeure event is an event that adversely affects Delek Marketing’s ability to perform the marketing services it is required to perform under this Agreement, for any Shortfall Payments and for the aggregate minimum Services Profit Share specified in Section 6.1(b) to the extent such amount has not been paid pursuant to clause (A)(i) and (B) from and after the third anniversary of the Effective Date, Delek Refining shall be required to continue to make payments for the Services Base Fee and Services Profit Share for volumes actually sold under this Agreement, provided that the aggregate minimum amount of such Services Profit Share specified in Section 6.1(b) shall not apply for purposes of this clause (B).”

3.    Ratification.  Except as amended or modified by Section 2 of this Amendment, the Marketing Agreement is hereby ratified by each of the Parties hereto and shall remain in full force and effect in accordance with its terms.

4.    Counterparts.  This Amendment may be executed in one or more counterparts (including by facsimile or portable document format (pdf)) for the convenience of the Parties hereto, each of which counterparts will be deemed an original, but all of which counterparts together will constitute one and the same agreement.

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.

DELEK REFINING, LTD.
By: DELEK U.S. REFINING GP, LLC,      
its general partner
By:     /s/ Kent B. Thomas                           
Name:  Kent B. Thomas
Title: Executive Vice President

By:     /s/ Danny C. Norris                                 
Name:  Danny C. Norris
Title:  Vice President    

DELEK MARKETING & SUPPLY, LP
By: DELEK MARKETING GP, LLC,  
    its general partner

By:   /s/  Assaf Ginzburg                               
Name:  Assaf Ginzburg
Title: Executive Vice President    

By:   /s/ Andrew L. Schwarcz                            
Name:  Andrew L. Schwarcz
Title:  Executive Vice President     

[Signature Page to Amendment to Marketing Agreement]Exhibit

625 Market Street, Suite 1400 | San Francisco, CA 94105

October 9, 2010

PERSONAL AND CONFIDENTIAL

Edward Scal

Dear Woody,

Fitbit, Inc. (the “Company”) is pleased to offer you the full-time position of Senior Vice President, Marketing, Sales, and and Business Development, reporting to James Park, CEO. We are excited about the prospect of you joining our team, and look forward to the addition of your professionalism and experience to help the Company achieve its goals.

Your salary will be paid at an initial rate of Two Hundred Twenty Five Thousand dollars ($225,000.00) per annum. Your salary will be paid in accordance with the Company’s normal payroll practices as established or modified from time to time. Currently, salaries are paid on a semi-monthly basis. In addition to your base salary, you will be entitled to an annual incentive compensation of Seventy Five Thousand dollars ($75,000.00) that will be based on your performance and target business results. The target goals will be assigned quarterly by the CEO and will be based upon revenue achievement and other targets as assigned during the quarter. The incentive compensation will be paid in the last day of the month following the quarter in which the incentive compensation is earned and will be prorated from your hire date. There will be an opportunity to earn a higher incentive compensation if the targets are exceeded. The Company reserves the right to amend, change or cease this plan at any time.

In connection with your employment, you will be eligible to participate in benefits programs that have been adopted by the Company to the same extent as, and subject to the same terms, conditions and limitations applicable to, other employees of the Company of similar rank and tenure.

Subject to the approval of the Company’s Board of Directors, you will be granted the option to purchase 187,673 shares of the Company’s common stock. The option will be subject to the terms and conditions of the Company’s standard form of Stock Option Agreement (the “Option Agreement”) and the Company’s 2007 Stock Plan (the “Plan”), which will include, among other things, a vesting schedule. Please consult the Option Agreement and the Plan for further information.

In addition, subject to the approval of the Company’s Board of Directors, you will have the opportunity to buy into 2.0% of the Company’s fully diluted stock in preferred shares at $2.59 per share of which 0.5% will be available until December 31, 2010 and 1.5% will be available until Jan 31, 2011.

The Company requires you to verify that the performance of your position at the Company does not and will not breach any agreement entered into by you prior to employment with the Company (i.e., you have not entered into any agreements with previous employers that are in conflict with your 

obligations to the Company). Please provide us with a copy of any such agreements. You will also be required to sign an Employee Inventions and Proprietary Rights Assignment Agreement as a condition of your employment with the Company. A copy of this agreement will be made available to you.

Moreover, you will be required to provide the Company with documents establishing your identity and right to work in the United States. Those documents must be provided to the Company within three business days of your employment start date.

The above terms are not contractual. They are a summary of our initial employment relationship and are subject to later modification by the Company. Your employment with the Company will be “at-will,” meaning that either you or the Company may terminate your employment relationship at any time, for any reason, with or without prior notice. The Company has found that an “at-will” relationship is in the best interests of both the Company and its employees.

We are very interested in having you join the Company. If you agree to the offer terms above, please sign below.

Sincerely,

/s/ James Park

Co-Founder & CEO
Fitbit, Inc.

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