Document:

Exhibit
10.16

RPMG

RENEWABLE PRODUCTS Marketing
Group

ETHANOL FUEL

MARKETING AGREEMENT

 

ETHANOL FUEL MARKETING AGREEMENT

THIS AGREEMENT, entered into this 28th day
of September, 2006, by and between RENEWABLE PRODUCTS MARKETING GROUP, L.L.C.,
hereinafter referred to as “RENEWABLE PRODUCTS”; and HIGHWATER ETHANOL, LLC, a
Minnesota limited liability company, hereinafter referred to as “HIGHWATER
ETHANOL.”

WITNESSETH:

WHEREAS, RENEWABLE PRODUCTS is a limited
liability company formed for the purpose of marketing ethanol for its members
and others, and,

WHEREAS, HIGHWATER ETHANOL, is intending to
construct a plant in Lamberton, Minnesota for the production of fuel grade
ethanol, and,

WHEREAS, the parties have agreed that, for
the duration of this marketing agreement, the sale and marketing of all of the
ethanol produced by HIGHWATER ETHANOL should be undertaken by RENEWABLE
PRODUCTS.

NOW, THEREFORE, In consideration of the
mutual covenants and promises herein contained, the parties hereto agree as
follows:

1.             Exclusive
Marketing Representative.  That if
HIGHWATER ETHANOL constructs a facility for the production of fuel grade
ethanol, RENEWABLE PRODUCTS shall be the sole marketing representative for the
entire production of said facility subject to all the terms and conditions of
this agreement.

2.             Plant
Construction/Ethanol Specifications. 
That HIGHWATER ETHANOL promises and agrees to proceed, with due
diligence, toward the planning, financing and construction of a facility for
the production of fuel grade ethanol with a capacity of approximately 50
million gallons per year, which fuel grade ethanol will be at least 200 proof
(denatured), and conform to the specifications described in A.S.T.M. 4806 and
such other specifications that may be, from time-to-time, promulgated by the
industry for E-Grade denatured fuel ethanol. 
HIGHWATER ETHANOL contemplates that said facility is anticipated

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to be
in production by September, 2008, and will make every good faith effort to
begin production by that time.

3.             Rail
and Truck Loading Facilities.  That
the facility to be constructed and operated by HIGHWATER ETHANOL, as aforesaid,
shall include reasonable and convenient railcar and tank truck access at the
facility of a size and design appropriate to handle production of approximately
50 million gallons of ethanol per year.  All
such railcar and tank truck loading facilities shall meet all industry and
governmental safety standards and shall be capable of delivering a minimum of
1,200 gallons of product per minute to railcars and trucks combined.  HIGHWATER ETHANOL will be solely responsible
for all demurrage charges for railcars in service for its use.  HIGHWATER ETHANOL shall provide personnel
reasonably needed to load trucks or rail cars at its facility in a timely
manner.

4.             Storage
Capacity.  That the facility to be
constructed and operated by HIGHWATER ETHANOL as aforesaid shall have
sufficient storage capacity for not less than 10 days ethanol production.

5.             Best
Efforts to Market.  That since
RENEWABLE PRODUCTS shall have the exclusive right to market all the fuel grade
ethanol produced by HIGHWATER ETHANOL at this facility during the term of this
agreement, RENEWABLE PRODUCTS promises and agrees to use its best good faith
efforts to market all such fuel grade ethanol; provided, however, that
RENEWABLE PRODUCTS’ obligation hereunder shall be excused in case of fire,
flood, other natural calamity, labor dispute or any adverse governmental
statute, regulations or decree (including any court order or decree).

6.             Risk
of Loss.  RENEWABLE PRODUCTS will be
responsible for the marketing (subject to the terms of this agreement) of all
such fuel grade ethanol produced by HIGHWATER ETHANOL, from the time the
product crosses the loading flange, and the common carrier accepts
responsibility for the product at HIGHWATER ETHANOL’s facility in either a
railcar and/or tank truck.  In addition,
RENEWABLE PRODUCTS shall bear the risk of loss for all such product that has
been accepted for shipment by the common carrier.

7.             Specific
Marketing Tasks.  RENEWABLE PRODUCTS
shall be totally responsible for the marketing, sale and delivery of all the
production from HIGHWATER ETHANOL’s facility during the term of this agreement,
including, but not limited to:

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·                  Obtaining
sufficient railcar, tank trucks and other transport as may be needed to handle
said production;

·                  Negotiating
the rates and tariffs to be charged for delivery of such production to the
customer;

·                  Promoting
and advertising the sale of fuel grade ethanol as appropriate;

·                  Ascertaining
that such production is delivered where contracted and intended;

·                  Handling
all purchase agreements with consumers and any complaints in connection
therewith; and

·                  Collecting
all accounts and undertaking any legal collection procedures as may be
necessary.

8.             Negotiation
of Ethanol Price.  That RENEWABLE
PRODUCTS will use its best efforts to obtain the best price for all fuel grade
ethanol sold by it pursuant to the terms of this agreement.

9.                                      Compensation/Pooling.

HIGHWATER ETHANOL will
pay RENEWABLE PRODUCTS 1% of the FOB netback returned each month for each
gallon of ethanol sold by RENEWABLE PRODUCTS for the account of HIGHWATER
ETHANOL.  RENEWABLE PRODUCTS shall have
the right to deduct this fee from payments due HIGHWATER ETHANOL as described
in paragraph 10.  The members of
RENEWABLE PRODUCTS market their ethanol as a pool.  It is the intent of RENEWABLE PRODUCTS to
treat the production of HIGHWATER ETHANOL in a similar manner in the
future.  The parties hereto agree that,
upon request in writing, either party may require the other to make available
its books and records, at reasonable intervals, in order to audit those books
and records and to account for all dealings, transactions and sums relevant to
this Agreement.

10.          Accounts
Receivable/Rail Car Leases/Termination of Contract.  It will be the responsibility of RENEWABLE
PRODUCTS to do all billing in regard to the sale of ethanol, to collect all
receivables and to be responsible for any bad accounts.  RENEWABLE PRODUCTS shall make payment to
HIGHWATER ETHANOL within 10 days after the date on which the product crosses
the loading flange into common carrier truck or into railcar.  All risks associated with accounts
receivables shall be borne by RENEWABLE PRODUCTS.  RENEWABLE PRODUCTS will lease approximately
145 railcars to be used by HIGHWATER ETHANOL. 
A separate payment for leased railcars is not applicable as HIGHWATER
ETHANOL’s production of fuel grade is part of the RENEWABLE

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PRODUCTS
marketing pool.  If this contract is
terminated, by non-renewal or otherwise, the lease for the rail cars leased by
RENEWABLE PRODUCTS for the transport of HIGHWATER ETHANOL’s ethanol will be
assigned to HIGHWATER ETHANOL, who will be obligated to the terms and
conditions of said lease.  RENEWABLE
PRODUCTS shall provide HIGHWATER ETHANOL the opportunity to review and approve
of the terms and conditions of any such rail car lease before RENEWABLE
PRODUCTS first executes the same.  The
parties understand that the assignment of the lease is subject to the approval
of the lessor of the rail cars.

11.          No
“Take or Pay.”  The parties agree
that this is not a “take or pay contract” and that RENEWABLE PRODUCTS’
liability is limited to ethanol passing custody at HIGHWATER ETHANOL’s
facility.

12.          Term.  The term of this agreement shall commence on
the first day of the month that HIGHWATER ETHANOL initially ships ethanol and
shall continue for a period of at least 24 months, but will terminate at the
end of the first traditional ethanol marketing contract period; end of March or
end of September which ever occurs first after the 24 month period.  This
Agreement shall be automatically extended for an additional one (1) year term
following the end of the initial term unless either party gives written notice
of non-extension not less than one hundred and eighty (180) days before the end
of the current expiration date.

13.          Licenses
and Permits.  At all times from the
commencement of this contract, HIGHWATER ETHANOL will have all of the licenses
and permits necessary to operate its production facilities.

14.          Expected
Volume.  During the term of this
agreement, or any renewals thereof, HIGHWATER ETHANOL agrees to have RENEWABLE
PRODUCTS market all of the ethanol produced by HIGHWATER ETHANOL it at its
production facility.  The average monthly
volume of ethanol produced by HIGHWATER ETHANOL is estimated to be
approximately 4,166,667 gallons.

15.          Estimated
12-Month Volume.  As of the effective
date of this agreement, HIGHWATER ETHANOL will provide RENEWABLE PRODUCTS with
HIGHWATER ETHANOL’s best estimate of its anticipated monthly ethanol production
for the next twelve (12) months, to assist RENEWABLE PRODUCTS in developing
appropriate marketing strategies for the ethanol to be produced by HIGHWATER
ETHANOL.

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16.          Updated
Monthly Volume Estimates.  On or
before the first day of each month, HIGHWATER ETHANOL will provide RENEWABLE
PRODUCTS with its updated best estimate of HIGHWATER ETHANOL’s anticipated
monthly ethanol production for the next twelve (12) months, so that RENEWABLE
PRODUCTS will have ethanol production estimates from HIGHWATER ETHANOL twelve
(12) months into the future during the entire time that this agreement is in
effect.

17.          Good
and Marketable Title.  HIGHWATER
ETHANOL represents that it will have good and marketable title to all of the
ethanol marketed for it by RENEWABLE PRODUCTS and that said ethanol will be free
and clear of all liens and encumbrances.

18.          Establishment
of Price and Other Sale Terms.  When
RENEWABLE PRODUCTS sells the ethanol marketed pursuant to the terms of this
agreement to its customers, the parties understand and agree that the ethanol sales
prices and all other terms and conditions of ethanol sales to customers under
this agreement will be established by RENEWABLE PRODUCTS.  RENEWABLE PRODUCTS may make these decisions,
without the need of obtaining consent from HIGHWATER ETHANOL.  Notwithstanding the foregoing, RENEWABLE
PRODUCTS agrees to use its best efforts to communicate with HIGHWATER ETHANOL
the terms and conditions of ethanol sales.

19.          Independent
Contractor.  Nothing contained in
this agreement will make RENEWABLE PRODUCTS the agent of HIGHWATER ETHANOL for
any purpose whatsoever.  RENEWABLE
PRODUCTS and its employees shall be deemed to be independent contractors, with
full control over the manner and method of performance of the services they
will be providing on behalf of HIGHWATER ETHANOL under this agreement.

20.          Separate
Entities.  The parties hereto are
separate entities and nothing in this agreement or otherwise shall be construed
to create any rights or liabilities of either party to this agreement with
regard to any rights, privileges, duties or liabilities of any other party to
this agreement.

21.          Working
Relationship.  Because the parties
hereto have not done business together in the past in the manner described in
this agreement, they have not yet attempted to develop efficient and effective
procedures related to ordering, delivering ethanol and shipping ethanol and,
therefore, agree to work together

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promptly and in
good faith to develop effective and efficient policies and procedures to cover
these matters.

22.          Ethanol
Shortage/Open Market Purchase.  If
HIGHWATER ETHANOL is unable to deliver its estimated monthly ethanol production
and if as a consequence of the non-delivery and in order to meet its sale
obligation to third parties, RENEWABLE PRODUCTS may purchase ethanol in the
market place to meet its delivery obligations. 
If it does so, and as a result thereof incurs a financial loss,
HIGHWATER ETHANOL will reimburse RENEWABLE PRODUCTS for any such loss.  Under such circumstances, if RENEWABLE
PRODUCTS realizes a financial gain, it will pay such gain to HIGHWATER ETHANOL.

23.          Testing
of Samples.  At the request of
RENEWABLE PRODUCTS, HIGHWATER ETHANOL agrees to provide RENEWABLE PRODUCTS with
samples of its ethanol produced at its production facility so that it may be
tested for product quality on a regular basis.

24.          Insurance.  During the entire term of this agreement,
HIGHWATER ETHANOL will maintain insurance coverage that is standard, in the
reasonable opinion of RENEWABLE PRODUCTS, for a company of its type and size
that is engaged in the production and selling of ethanol.  At a minimum, HIGHWATER ETHANOL’s insurance
coverage must include:

a.                                       Comprehensive
general product and public liability insurance, naming RENEWABLE PRODUCTS as an
additional named insured, with liability limits of at least $5 million in the
aggregate.

b.                                       Property
and casualty insurance adequately insuring its production facilities and its
other assets against theft, damage and destruction on a replacement cost basis.

c.                                       RENEWABLE
PRODUCTS as a named insured under the comprehensive general product and public
liability insurance policy and the property and casualty insurance policy.

d.             Workers’
compensation insurance to the extent required by law.

HIGHWATER
ETHANOL will not change its insurance coverage during the term of this
agreement, except to increase it or enhance it, without the

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prior written
consent of RENEWABLE PRODUCTS which consent will not be unreasonably withheld.

25.          
Indemnifications and Hold Harmless— HIGHWATER ETHANOL.  If a third party makes a claim against
RENEWABLE PRODUCTS or any person or organization related to it as the result of
the actions or omissions of HIGHWATER ETHANOL or any person or organization
related to HIGHWATER ETHANOL including, but not limited to, claims relating to
the quality of ethanol produced by HIGHWATER ETHANOL, then HIGHWATER ETHANOL
agrees to indemnify RENEWABLE PRODUCTS and its related persons and
organizations and to hold them harmless from any liabilities, damages, costs
and/or expenses, including costs of litigation and reasonable attorneys fees
which they incur as a result of any claims, arising solely from the marketing
of HIGHWATER ETHANOL’s ethanol under this Agreement, made against them by third
parties.

26.          Indemnifications
and Hold Harmless—RENEWABLE PRODUCTS. 
The indemnification obligations of the parties under this agreement will
be mutual and RENEWABLE PRODUCTS, therefore, makes the same commitment to
indemnify HIGHWATER ETHANOL and its related persons or organizations that
HIGHWATER ETHANOL has made to RENEWABLE PRODUCTS in the preceding paragraph.

27.          Survival
of Terms/Dispute Resolution.  All
representations, warranties and agreements made in connection with this
agreement will survive the termination of this agreement.  The parties will, therefore, be able to
pursue claims related to those representations, warranties and agreements after
the termination of this agreement, unless those claims are barred by the
applicable statute of limitations.  Similarly,
any claims that the parties have against each other that arise out of actions
or omissions that take place while this agreement is in effect will survive the
termination of this agreement.  This
means that the parties may pursue those claims even after the termination of
this agreement, unless applicable statutes of limitation bar those claims.  The parties agree that, should a dispute
between them arise in connection with this agreement, the parties will
complete, in good faith, a mediation session prior to the filing of any action
in any court.  Such mediation session
shall occur at a place that is mutually agreeable, and shall be conducted by a
mediator to be selected by mutual agreement of the parties.

28.          Choice
of Law.  The parties agree that this
agreement will be governed by, interpreted under and enforced in accordance
with Minnesota law.

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29.          Assignment.  Neither party may assign its rights or
obligations under this agreement without the written consent of the other
party, which consent will not be unreasonably withheld.

30.          Entire Agreement.  This Agreement constitutes the entire
agreement between the parties covering everything agreed upon or understood in
the transaction.  There are no oral
promises, conditions, representations, understandings, interpretations, or
terms of any kind as conditions or inducements to the execution hereof or in
effect between Buyer and Seller, except as expressed in this Agreement.  No change or addition shall be made to this
Agreement except by a written document signed by all parties hereto.

31.          Execution of Counterparts.  This Agreement may be executed by the parties
on any number of separate counterparts, and by each party on separate
counterparts, each of such counterparts being deemed by the parties to be an
original instrument; and all of such counterparts, taken together, shall be
deemed to constitute one and the same instrument.

32.          Duplicate Counterpart Includes
Facsimile.  The parties specifically
agree and acknowledge that a duplicate hereof shall include, but not be limited
to, a counterpart produced by virtue of a facsimile (“fax”) machine.

33.          Binding
Effect.  This Agreement shall be
binding upon, and shall inure to the benefit of, the parties hereto and there
respective heirs, personal representatives, successors and assigns.

34.          Termination.  The agreement may be terminated if either
party engages in an uncured breach. 
After receiving written notice, the breaching party will have 30 days to
cure the breach.  If the breaching party
does not cure the breach in the required time, the agreement will terminate 30
days later.

35.               Confidential Information.  The parties acknowledge that
they will be exchanging information about their businesses under this Agreement
which is confidential and proprietary, and the parties agree to handle that confidential
and proprietary information in the manner described in this Section 35.

(a)     Definition of Confidential Information.  For
purposes of this Agreement, the term “Confidential Information” means
information

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related to the business
operations of HIGHWATER ETHANOL or RENEWABLE PRODUCTS that meets all of the following criteria:

(i)    
The information must not be generally known to the public, and must not be a
part of the public domain.

(ii)    The
information must belong to the party claiming it is confidential, and must be
in that party’s possession.

(iii)   The
information must have been protected and safeguarded by the party claiming it
is confidential by measures that were reasonable under the circumstances before
the information was disclosed to the other party.

(iv)   
Written information must be clearly designated in writing as “Confidential
Information” by the party claiming it is confidential before it is disclosed to
the other party, except that all information about costs and prices will always
be considered Confidential Information under this Agreement, without the need
for specifically designating it as such.

(v)    
Verbal Confidential Information which is disclosed to the other party must be
summarized in writing, designated in writing as “Confidential Information,” and
transmitted to the other party within ten (10) days of the verbal disclosure.

(b)     Limitations on the Use of Confidential Information.  Each
party agrees that it will not use any Confidential Information that it obtains
about the other party for any purpose, other than to perform its obligations
under this Agreement.

(c)     The Duty not to Disclose Confidential Information.  The
parties agree that they will not disclose any Confidential information about
each other to any person or organization, other than their respective legal
counsel and accountants, without first getting written consent to do so from
the other party.  Notwithstanding the foregoing, if a party or anyone to
whom such party transmits Confidential Information in accordance with this
Agreement is requested or required (by deposition, interrogatories, requests
for information or documents in

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legal proceedings, subpoenas, civil investigative demand or similar
process, SEC filings or administrative proceedings) in connection with any
proceeding, to disclose any Confidential Information, such party will give the
disclosing party prompt written notice of such request or requirement so that
the disclosing party may seek an appropriate protective order or other remedy
and/or waive compliance with the provisions of this Agreement, and the
receiving party will cooperate with the disclosing party to obtain such
protective order.  The fees and costs of obtaining such protective order,
including payment of reasonable attorney’s fees, shall be paid for by the
disclosing party.  If such protective order or other remedy is not
obtained or the disclosing party waives compliance with the relevant provisions
of this Agreement, the receiving party (or such other persons to whom such
request is directed) will furnish only that portion of the Confidential
Information which, in the opinion of legal counsel, is legally required to be
disclosed, and upon the disclosing party’s request, use commercially reasonable
efforts to obtain assurances that the confidential treatment will be accorded
to such information.  This will be the case both while this Agreement is
in effect and for a period of five (5) years after it has been terminated.

(d)     The Duty to Notify the Other Party in Cases of
Improper Use or Disclosure.  Each party agrees to
immediately notify the other party if either party becomes aware of any
improper use of or any improper disclosure of the Confidential Information of
the other party at any time while this Agreement is in effect, and for a period
of five (5) years after it has been terminated.

(e)     Protection of the Confidential Information.  Each
party agrees to develop effective procedures for protecting the Confidential
Information that it obtains from the other party, and to implement those
procedures with the same degree of care that it uses in protecting its own
Confidential Information.

(f)     Return of the Confidential Information.  Immediately
upon the termination of this Agreement, each party agrees to return to the
other party all of the other party’s Confidential Information that is in its
possession or under its control.”

(g)        Disclosure in SEC Filings.
Notwithstanding any other provision contained in this agreement, RENEWABLE
PRODUCTS

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acknowledges
and agrees that the disclosure of this agreement and the transactions
contemplated hereby by HIGHWATER ETHANOL (i) on a Form 8-K or other report
filed with the Securities and Exchange Commission at any time after the date
hereof, or (ii) in a customary press release or on a customary analyst call,
will not be violation of this Section 35. HIGHWATER ETHANOL will cooperate with
any reasonable requests of RENEWABLE PRODUCTS to request confidential treatment
concerning sensitive/confidential items.

36.              Notices.  Any notice or other communication required or
permitted hereunder shall be in writing and shall be considered delivered in
all respects when it has been delivered by hand or mailed by first class mail
postage prepaid, addressed as follows:

TO:                            RENEWABLE
PRODUCTS MARKETING

GROUP, L.L.C.

809 East Main Street

Suite 2

Belle Plaine, MN  56011

TO:         HIGHWATER ETHANOL, LLC

Lamberton,
MN

IN WITNESS WHEREOF, the parties hereto have
set their hands the day and year first written above.

	
  

  	
  RENEWABLE PRODUCTS

  MARKETING GROUP, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ C. Stephen Bleyl

  	
   

  
	
   

  	
   

  	
  Its

  	
  CEO

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HIGHWATER ETHANOL, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Brian Kletscher

  	
   

  
	
   

  	
   

  	
  Its

  	
  President

  	
   

  
							

 

 12Exhibit 10.01

FOURTH AMENDED AND RESTATED

SERVICES AGREEMENT

AMONG

DIAMOND SHAMROCK REFINING AND MARKETING COMPANY

VALERO CORPORATE SERVICES COMPANY

VALERO L.P.

VALERO LOGISTICS OPERATIONS, L.P.

RIVERWALK LOGISTICS, L.P.

AND

VALERO GP, LLC

DATED AS OF DECEMBER 22, 2006

FOURTH AMENDED AND RESTATED SERVICES
AGREEMENT

This Fourth Amended and Restated Services Agreement
(this “Agreement”) is entered into effective as of December 22, 2006
(the “Effective Date”) by and among Diamond Shamrock Refining and
Marketing Company, a Delaware corporation (“DSRMC”) and Valero Corporate
Services Company, a Delaware corporation (“VSCS”), both indirect wholly
owned subsidiaries of Valero Energy Corporation (“Valero Energy”),
Valero L.P., a publicly traded Delaware limited partnership (the “Partnership”),
Valero Logistics Operations, L.P. (the “Operating Partnership”), a
Delaware limited partnership and an indirect wholly owned subsidiary of the
Partnership, Riverwalk Logistics, L.P., the general partner (the “General
Partner”) of the Partnership, and its general partner, Valero GP, LLC  (“Valero GP”) (Valero GP, the General
Partner, the Partnership and the Operating Partnership being individually
referred to herein as a “Partnership Party,” and collectively, the “Partnership
Parties”).

RECITALS

WHEREAS, certain parties hereto entered into a
Services Agreement effective July 1, 2000 pursuant to which DSRMC agreed to
provide certain corporate, general and administrative services to the
Partnership Parties in exchange for an administrative services fee; and

WHEREAS, the Services Agreement was amended and
restated effective April 1, 2004, July 1, 2005 and January 1, 2006 (as amended
and restated, the “Services Agreement”); and

WHEREAS, the parties wish to amend and restate the
Services Agreement as set forth below; and

NOW, THEREFORE, for and in consideration of the mutual
covenants contained in this Agreement, the parties hereto hereby agree to amend
and restate the Services Agreement as follows:

ARTICLE I

DEFINITIONS

The following terms shall have the meanings set forth
below for purposes of this Agreement:

“Affiliates” means entities that directly or
indirectly through one or more intermediaries control, or are controlled by, or
are under common control with, such party, and the term “control” shall
mean the possession, directly or indirectly, of the power to direct or cause
the direction of management and policies of an entity, whether through the
ownership of voting securities, by contract or otherwise, provided, however,
that with respect to VCSC or Valero Energy, the term “Affiliate” shall
exclude Holdings and the Partnership Parties.

“Associate” means, when used to indicate a
relationship with any Person, (a) any corporation or organization of which such
Person is a director, officer or partner or is, directly or indirectly, the
owner of 20% or more of any class of voting stock or other voting interest; (b)
any trust or other estate in which such Person has at least a 20% beneficial
interest or as to which 

 

such Person serves as
trustee or in a similar fiduciary capacity; and (c) any relative or spouse of
such Person, or any relative of such spouse, who has the same principal
residence as such Person.

“Group” means a Person
that with or through any of its Affiliates or Associates  has any agreement, arrangement or
understanding for the purpose of acquiring, holding, voting (except voting
pursuant to a revocable proxy or consent given to such Person in response to a
proxy or consent solicitation made to ten or more Persons), exercising
investment power or disposing of any membership interests of Holdings with any
other Person that beneficially owns, or whose Affiliates or Associates
beneficially own, directly or indirectly, membership interests of Holdings.

“Holdings” means
Valero GP Holdings, LLC.

“Move Date” means the last day of the first
month as of which more than 50% of the Partnership Parties’ employees have
moved away from the One Valero Way location.

“Last Move Date” means the earlier of (i) the
day on which all remaining Partnership Parties’ employees have moved away from
the One Valero Way location or (ii) December 31, 2007.

“Person”
means an individual or a corporation, limited liability company, partnership,
joint venture, trust, unincorporated organization or other enterprise
(including an employee benefit plan), association, government agency or
political subdivision thereof or other entity.

“Valero Energy Affiliates” shall mean any and all Affiliates of Valero Energy.

ARTICLE
II

PROVISION OF SERVICES

Section 2.1            Provision
of Services by VCSC and its Affiliates.

(a)           Administrative Services.  VCSC or any Affiliate of VCSC (collectively, “VCSC
Parties”) shall provide to the Partnership Parties certain non-exclusive
management, employee-related and other services as set forth on Schedule A
hereto (the “Administrative Services”) through the earlier of (A)
December 31, 2010, (B) termination by the Partnership Parties of such
Administrative Service pursuant to Section 2.1(d), or (C) termination by VCSC
of such Administrative Service pursuant to Section 2.1(e) (each such date the “Administrative
Service Termination Date”).

(b)           Telecommunications Services.  The VCSC Parties shall provide the
Partnership Parties with Telecommunication Services (defined below)
substantially similar to those provided to Affiliates of VCSC through the
earlier of (A) December 31, 2010, (B) termination by the Partnership Parties of
all or a portion of the Telecommunication Services pursuant to Section 2.1(d),
or (C) termination by VCSC of all or a portion of the Telecommunication
Services 

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pursuant to Section 2.1(e) (each such date
the “Telecommunications Services Termination Date”).  “Telecommunications Services” include
the provision of circuits related to telecommunications hardware and local and
long distance carrier service at VCSC’s corporate headquarters located at One
Valero Way, and cell phones, pagers, Blackberries (or their functional
equivalent) and other personal communications devices.

(c)           Nature and Quality of Services; Additional Services.  The quality of the Administrative Services
and the Telecommunications Services shall be substantially identical to those
provided to other Affiliates of VCSC, and substantially consistent with the
quantity and scope of the Administrative Services and Telecommunications Services
provided to the Partnership Parties by the VCSC Parties as of the Effective
Date.    The VCSC Parties may provide the
Partnership Parties with such other services as Valero GP may request from time
to time during the term of this Agreement for such additional compensation as
the parties may agree. All Administrative Services shall be provided from or at
VCSC’s corporate headquarters located at One Valero Way.   Local and long distance carrier service will
only be provided from the One Valero Way location and not from any other
location.

(d)           Cancellation of Services by the Partnership Parties.  The
Partnership Parties may terminate any Administrative or Telecommunications
Service on 60 days’ prior written notice to VCSC.

(e)           Cancellation of Services by VCSC.  VCSC shall have the option to terminate this
Agreement prior to December 31, 2010 in accordance with, and subject to, the
following provisions (such option, the “VCSC Termination Option”):

(i)            Such termination as it relates to (A) any specific Administrative
Service cannot be effective until the earliest of the applicable Optional
Termination Date specified on Schedule A hereto, (B) any
Telecommunication Service (other than local and long distance carrier service
at VCSC’s corporate headquarters located at One Valero Way) cannot be effective
prior to June 30, 2007, and (C) local and long distance carrier service at VCSC’s
corporate headquarters located at One Valero Way cannot be effective until the
Last Move Date;

(ii)            VCSC must notify the Partnership Parties in writing of
its election to exercise such option; provided however, that VCSC shall
continue to provide Human Resources Compensation, Payroll, Benefits and
Employment services for at least six months after such notice; and

(iii)          VCSC shall pay the Termination Option Fee as provided in
Section 2.2.

(f)            Transition
Assistance.  (i)  VCSC shall provide assistance to the
Partnership Parties as reasonably necessary or desirable in connection with the
transfer of Human Resources Compensation, Payroll, Benefits and Employment
services to the Partnership Parties as a result of the exercise of the VCSC
Termination Option, a cancellation of services by the Partnership Parties
pursuant to Section 2.1(d) hereof, or the expiration of this Agreement, and such
assistance shall be within the Administrative Services provided hereunder
(i.e., at no additional cost other than Direct Charges (as defined below in
Section 2.2(c)). The VCSC Parties shall 

 3
 

 

provide reasonable cooperation and assistance in transferring the third
party contracts associated with the telecommunications circuits and the cell
phones, pagers, Blackberries and other personal communications devices as of
the applicable Telecommunications Services Termination Date.

(ii)           If
VCSC exercises the VCSC Termination Option to be effective as of the Optional
Termination Dates specified on Schedule A and the Partnership Parties
nonetheless request in writing the provision of one or more of the Human
Resources Compensation, Payroll, Benefits and Employment Services beyond the
applicable Optional Termination Date, then the VCSC Parties shall continue to
provide such Human Resources Service until receipt of further written notice
from any of the Partnership Parties that they wish to terminate the provision
of such Service: (1) subject to increased fees pursuant to Section 2.2 below,
and (2) in no event shall any VCSC Party be obligated to provide any of the
Human Resources Services beyond December 31, 2008.

Section 2.2            Fees
for Services.

(a)           Administrative Services Fees (i) For Administrative
Services rendered from the Effective Date of this Agreement through December
31, 2006, the Operating Partnership shall pay to VCSC $11,846.

(ii)           Beginning January 1, 2007, the Operating Partnership shall
pay to VCSC a monthly fee (the “Administrative Services Fee”) for each
of the Administrative Services as specified on Schedule A (subject to
adjustment as set forth in (iii) immediately below) for each month up to and
including the month in which the Administrative Service Termination Date for
each such Service occurs.  The
Partnership Parties shall be responsible for all applicable sales taxes (if
any) on the portion of the Administrative Services Fee attributable to IS
Services.

(iii)          The Administrative Services Fee for 2008 and thereafter
shall be increased as of January 1 of each such year by an amount equal to
Valero Energy’s general annual merit increase percentage for the just completed
contract year.

(iv)          If VCSC exercises the VCSC Termination Option pursuant to
Section 2.1(e) and has paid the Termination Fee pursuant to Section 2.2(d)
below, and the Partnership Parties request the provision of one or more of the
Human Resources Compensation, Payroll, Benefits and Employment Services beyond
the applicable Administrative Services Termination Date, then the Operating
Partnership shall pay to VCSC a monthly fee for each such Service equal to the
greater of VCSC Parties’ cost in providing such Service or three times the
applicable Administrative Services Fee for such Service as set out on Schedule
A.

(b)           Telecommunication Services Fees.  (i) 
For Telecommunication Services rendered from the Effective Date of this
Agreement through December 31, 2006, the Partnership Parties shall pay to VCSC
$29,570.

(ii)           Beginning
January 1, 2007, with respect to all Telecommunication Services other than
local and long distance telephone service, the Operating Partnership shall pay
to VCSC a monthly fee of $91,680, subject to adjustment as set forth in (v)
immediately below.

 4
 

 

(iii)          If the Partnership Parties transfer any of the Telecommunications
Services to their account prior to the applicable Telecommunications Services
Termination Date, and such transfer results in reduced costs to VCSC in providing
the remaining Telecommunication Services, then VCSC and the Partnership Parties
shall use reasonable best efforts to agree and implement a reduction in the
monthly fee that reflects the proportional cost of such transferred
Telecommunication Service compared to those Telecommunication Services that
VCSC is still providing at the time of the transfer.

(iv)          For
local and long distance carrier service, the Operating Partnership shall pay a
monthly fee of $1,728, subject to adjustment as set forth in (v) immediately
below, provided that such fee shall be pro-rated following the Move Date based
on the number of Partnership Parties’ employees that remain at the VCSC
corporate headquarters.

(v)           The
fees set forth in (ii) and (iv) immediately above shall be adjusted beginning
January 1, 2008 to reflect VCSC’s actual cost to provide the Telecommunications
Services.

(vi)          If
the Partnership Parties elect not to take assignment of any of the third party
contracts associated with the telecommunications circuits and the cell phones,
pagers, Blackberries and other personal communications devices utilized by the
Partnership Parties prior to the applicable Telecommunications Services
Termination Date, the Operating Partnership shall reimburse VCSC for any
termination fees incurred by VCSC as a result of election by the Partnership
Parties.

(c)           Direct Charges.  In addition to the fees set forth above, the
following items will be directly charged to the Partnership Parties (“Direct
Charges”): all third party expenses directly related to the Partnership
Parties, including, but not limited to, public company costs, outside legal
fees, outside accounting fees, fees and expenses of external advisors and
consultants, and insurance costs, including but not limited to, general liability,
automobile liability, comprehensive liability, excess liability, property and
directors and officers.   Payroll for
employees of the Partnership Parties will also be directly billed to the
Partnership Parties.

(d)           Termination Option Fee.  If VCSC elects to exercise the VCSC
Termination Option as provided in Section 2.1(e), then VCSC shall pay the
Operating Partnership a one-time termination fee of $13,000,000 (“Termination
Fee”) on or prior to the later of (i) 10 business days following the Last
Move Date and (ii) 10 business days following VCSC’s notice pursuant to Section
2.1(e)(ii).  The parties agree that this
Termination Fee is an all-in termination fee and is in lieu of any other
payments or charges by VCSC or other claims that the Partnership Parties may
have against VCSC with respect to the early termination of this Agreement.

Section 2.3            Payment
of Fees.

(a)           The fees to be paid by the Operating Partnership pursuant
to this Agreement shall be paid by the Operating Partnership in arrears within
30 days of the end of the month; provided that payroll for employees of the
Partnership Parties will be paid by the Operating Partnership no later than the
first day following the end of each payroll period during the term of this
Agreement.

 5
 

 

(b)           To the extent reasonably practicable, all third party
invoices for Direct Charges shall be submitted to the appropriate Partnership
Party for payment.  For Direct Charges
not paid directly by the appropriate Partnership Party, if any, VCSC shall
present Valero GP with an invoice within 10 days after the end of each calendar
month which reflects an amount equal to all Direct Charges reimbursable to
VCSC.  The Partnership Parties shall pay
such sum within 30 days of the end of the applicable calendar month.

ARTICLE
III

MISCELLANEOUS

Section 3.1            Termination.

(a)           This Agreement shall terminate on December 31, 2010, unless terminated
earlier pursuant to Section 2.1.

(b) Notwithstanding Section 3.1(a), if a Change of Control (as defined
below) of Holdings or Valero GP occurs, this Agreement shall terminate.  The following shall constitute a Change of
Control:

(i)            Holdings
shall cease to own, directly or indirectly, 100% of each of Valero GP and the
General Partner;

(ii)           both
(A) the Valero Energy Affiliates shall be in the aggregate the legal or
beneficial owners (within the meaning of Rule 13d-3 under the Securities
Exchange Act of 1934, as amended) of less than a majority of the combined
voting power of the then total membership interests (including all securities
which are convertible into membership interests) of Holdings, and (B) any
Person or Group of Persons (as defined below) acting in concert as a
partnership or other Group (a “Group of Persons”), other than one or
more of the Valero Energy Affiliates, shall be the legal or beneficial owner
(within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as
amended) of 20% or more of the combined voting power of the then total
membership interests (including all securities which are convertible into membership
interests) of Holdings, provided, that a “Group of Persons” shall not include
the underwriter in any firm underwriting undertaken in connection with the
initial public offering or any subsequent public offering of Holdings; or

(iii)          occupation
of a majority of the seats (other than vacant seats) on the Board of Directors
(or Board of Managers) of Holdings by Persons who were neither (A) nominated by
the board of directors of Holdings nor (B) appointed by directors, a majority
of whom were so nominated.

Section 3.2            No Third Party Beneficiary.  The provisions of this
Agreement are enforceable solely by the parties to the Agreement and no limited
partner, assignee or other person shall have the right, separate and apart from
the parties hereto, to enforce any provisions of this Agreement or to compel
any party to this Agreement to comply with the terms of this Agreement.

 6
 

 

Section 3.3            No
Fiduciary Duties.  The parties hereto shall not have any
fiduciary obligations or duties to the other parties by reason of this
Agreement.  Subject to the Omnibus
Agreement among Valero Energy (as successor to Ultramar Diamond Shamrock
Corporation), Valero GP, the General Partner, the Partnership and the Operating
Partnership, dated as of April 16, 2001, as such agreement may be amended from
time to time, any party hereto may conduct any activity or business for its own
profit whether or not such activity or business is in competition with any
activity or business of the other party.

Section 3.4            Limited
Warranty; Limitation of Liability

VCSC represents that it will provide or cause the
services to be provided to the Partnership Parties with reasonable care and in
accordance with all applicable laws, rules, and regulations, including without
limitation those of the Federal Energy Regulatory Commission.  EXCEPT AS SET FORTH IN THE IMMEDIATELY
PRECEDING SENTENCE AND IN SECTION 2.1 (c), ALL PRODUCTS OBTAINED FOR THE
PARTNERSHIP PARTIES ARE AS IS, WHERE IS, WITH ALL FAULTS, AND VCSC MAKES NO (AND
HEREBY DISCLAIMS AND NEGATES ANY AND ALL) REPRESENTATIONS AND WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR
A PARTICULAR PURPOSE, WITH RESPECT TO THE SERVICES RENDERED OR PRODUCTS
OBTAINED FOR THE PARTNERSHIP PARTIES. 
FURTHERMORE, THE PARTNERSHIP PARTIES MAY NOT RELY UPON ANY
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, INCLUDING THE WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE MADE TO VCSC BY ANY PARTY
(INCLUDING, AN AFFILIATE OF VCSC) PERFORMING SERVICES ON BEHALF OF VCSC HEREUNDER,
UNLESS SUCH PARTY MAKES AN EXPRESS WARRANTY TO VALERO GP OR THE PARTNERSHIP
PARTIES.  HOWEVER, IN THE CASE OF
SERVICES PROVIDED BY A THIRD PARTY FOR THE PARTNERSHIP PARTIES, IF THE THIRD
PARTY PROVIDER OF SUCH SERVICES MAKES AN EXPRESS WARRANTY TO ANY OF THE
PARTNERSHIP PARTIES, THE PARTNERSHIP PARTIES ARE ENTITLED TO CAUSE VCSC TO RELY
ON AND TO ENFORCE SUCH WARRANTY.

IT IS EXPRESSLY UNDERSTOOD BY THE PARTNERSHIP PARTIES
THAT VCSC AND ITS AFFILIATES SHALL HAVE NO LIABILITY FOR THE FAILURE OF THIRD
PARTY PROVIDERS TO PERFORM ANY SERVICES HEREUNDER AND FURTHER THAT VCSC AND ITS
AFFILIATES SHALL HAVE NO LIABILITY WHATSOEVER FOR THE SERVICES PROVIDED BY ANY
SUCH THIRD PARTY UNLESS IN EITHER EVENT SUCH SERVICES ARE PROVIDED IN A MANNER
WHICH WOULD EVIDENCE GROSS NEGLIGENCE OR INTENTIONAL MISCONDUCT ON THE PART OF
VCSC OR ITS AFFILIATES BUT VCSC SHALL, ON BEHALF OF THE PARTNERSHIP PARTIES,
PURSUE ALL RIGHTS AND REMEDIES UNDER ANY SUCH THIRD PARTY CONTRACT.  THE PARTNERSHIP PARTIES AGREE THAT THE
REMUNERATION PAID TO VCSC HEREUNDER FOR THE SERVICES TO BE PERFORMED REFLECT
THIS LIMITATION OF LIABILITY AND DISCLAIMER OF WARRANTIES.  IN NO EVENT SHALL VCSC BE LIABLE TO THE
PARTNERSHIP PARTIES OR ANY OTHER PERSON FOR ANY INDIRECT, SPECIAL, OR
CONSEQUENTIAL DAMAGES RESULTING FROM ANY ERROR IN THE PERFORMANCE OF SERVICES
OR FROM THE BREACH OF THIS 

 7
 

 

AGREEMENT,
REGARDLESS OF THE FAULT OF VCSC, ANY VCSC AFFILIATE, OR ANY THIRD PARTY
PROVIDER OR WHETHER VCSC, ANY VCSC AFFILIATE, OR THE THIRD PARTY PROVIDER ARE
WHOLLY, CONCURRENTLY, PARTIALLY, OR SOLELY NEGLIGENT.  TO THE EXTENT ANY THIRD PARTY PROVIDER HAS
LIMITED ITS LIABILITY TO VCSC OR ITS AFFILIATE FOR SERVICES UNDER AN
OUTSOURCING OR OTHER AGREEMENT, THE PARTNERSHIP PARTIES AGREE TO BE BOUND BY
SUCH LIMITATION OF LIABILITY FOR ANY PRODUCT OR SERVICE PROVIDED TO THE
PARTNERSHIP PARTIES BY SUCH THIRD PARTY PROVIDER UNDER VCSC’S OR SUCH AFFILIATE’S
AGREEMENT.

Section 3.5                Force Majeure.   If any party to this Agreement is rendered
unable by force majeure to carry out its obligations under this Agreement,
other than a party’s obligation to make payments as provided for herein, that
party shall give the other parties prompt written notice of the force majeure
with reasonably full particulars concerning it. 
Thereupon, the obligations of the party giving the notice, insofar as
they are affected by the force majeure, shall be suspended during, but no
longer than the continuance of, the force majeure.  The affected party shall use all reasonable
diligence to remove or remedy the force majeure situation as quickly as
practicable.

The requirement that any force majeure situation be
removed or remedied with all reasonable diligence shall not require the
settlement of strikes, lockouts or other labour difficulty by the party involved,
contrary to its wishes. Rather, all such difficulties may be handled entirely
within the discretion of the party concerned.

The term “force majeure” means any one or more
of: (a) an act of God, (b) a strike, lockout, labour difficulty or other industrial
disturbance, (c) an act of a public enemy, war, blockade, insurrection or
public riot, (d) lightning, fire, storm, flood or explosion, (e) governmental
action, delay, restraint or inaction, (f) judicial order or injunction, (g)
material shortage or unavailability of equipment, or (h) any other cause or
event, whether of the kind specifically enumerated above or otherwise, which is
not reasonably within the control of the party claiming suspension.

Section 3.6                Further Assurances.   In connection with this Agreement and all
transactions contemplated by this Agreement, each signatory party hereto agrees
to execute and deliver such additional documents and instruments as may be
required for a party to provide the services hereunder and to perform such other
additional acts as may be necessary or appropriate to effectuate, carry out,
and perform all of the terms and provisions of this Agreement.

Section 3.7                Time of the Essence.   Time is of the essence in this Agreement.

Section 3.8                Notices.  Any
notice, request, demand, direction or other communication required or permitted
to be given or made under this Agreement to a party shall be in writing and may
be given by hand delivery, postage prepaid first-class mail delivery, delivery
by a reputable international courier service guaranteeing next business day
delivery or by facsimile (if confirmed by one of the foregoing methods) to such
party at its address noted below:

 8
 

 

(a)   in
the case of VCSC, to:

Valero Corporate Services Company

One Valero Way

San Antonio, Texas 78249

Attention:  Legal Department

Telecopy: (210) 345-5889

(b)   in
the case of the General Partner and Valero GP, to:

Valero GP, LLC

One Valero Way

San Antonio, Texas 78249

Attention: Legal Department

Telecopy: (210) 345-4861

or at such other address of which notice may have been
given by such party in accordance with the provisions of this Section.

Section 3.9                Counterparts.   This Agreement may be executed in several
counterparts, no one of which needs to be executed by all of the parties.  Such counterpart, including a facsimile
transmission of this Agreement, shall be deemed to be an original and shall
have the same force and effect as an original. 
All counterparts together shall constitute but one and the same
instrument.

Section
3.10             Applicable Law.   The provisions of this Agreement shall be
construed in accordance with the laws of the State of Texas, excluding any
conflicts of law rule or principle that might refer the construction or
interpretation hereof to the laws of another jurisdiction.

Section
3.11             Binding Effect;
Assignment.   Except
for the ability of VCSC to cause one or more of the Administrative Services to
be performed by a third party provider or an Affiliate of VCSC, no party shall
have the right to assign its rights or obligations under this Agreement without
the consent of the other parties.

Section
3.12             Invalidity of
Provisions.   In
the event that one or more of the provisions contained in this Agreement shall
be invalid, illegal or unenforceable in any respect under any applicable law,
the validity, legality or enforceability of the remaining provisions hereof
shall not be affected or impaired thereby.

Section
3.13             Modification;
Amendment.   This
Agreement may be amended or modified from time to time only by a written
amendment signed by all parties hereto; provided however, that the Partnership
Parties may not, without the prior approval of the Conflicts Committee, agree
to any amendment or modification to this Agreement that, in the reasonable 

 9
 

 

discretion of the General Partner, will adversely affect the holders of
common units of the Partnership.

Section
3.14             Entire Agreement.   This Agreement constitutes the whole and
entire agreement between the parties hereto and supersedes any prior agreement,
undertaking, declarations, commitments or representations, verbal or oral, in
respect of the subject matter hereof.

[Remainder of Page
Left Blank Intentionally]

 10
 

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement with effect as of the date first above written.

	
  

  	
  DIAMOND SHAMROCK REFINING AND MARKETING 

  
	
   

  	
  COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kimberly S. Bowers

  
	
   

  	
   

  	
  Name: Kimberly S. Bowers

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  VALERO CORPORATE SERVICES COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael S. Ciskowski

  
	
   

  	
   

  	
  Name: Michael S.
  Ciskowski

  
	
   

  	
   

  	
  Title: Executive
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  VALERO L.P

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Riverwalk Logistics, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Valero GP, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
   

  	
  Title: President

  
	
   

  	
   

  	
   

  
	
   

  	
  VALERO LOGISTICS
  OPERATIONS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Valero GP, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
   Name: Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
   Title: President

  
	
   

  	
   

  	
   

  
	
   

  	
  VALERO GP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
  Name: Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
  Title: President

  
	
   

  	
   

  	
   

  
	
   

  	
  RIVERWALK
  LOGISTICS, L.P.

  
	
   

  	
   

  
	
   

  	
   By:

  	
  Valero GP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
  Name: Curtis V. Anastasio

  
	
   

  	
   

  	
   

  	
  Title: President

  

 

SIGNATURE PAGE
TO FOURTH AMENDED AND RESTATED  SERVICES
AGREEMENT

 11

 

SCHEDULE A

	
  Administrative Service

  	
   

  	
  Optional Termination Date

  	
   

  	
  2007 Monthly Fee

  	
   

  	
  2008 Monthly Fee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Corporate Records

  	
   

  	
  Move
  Date

  	
   

  	
  3,113

  	
   

  	
  4,316

  	
   

  
	
  Office Services

  	
   

  	
  Move
  Date

  	
   

  	
  1,883

  	
   

  	
  2,612

  	
   

  
	
  Facility Services (Mail
  Room)

  	
   

  	
  Move
  Date

  	
   

  	
  2,118

  	
   

  	
  2,945

  	
   

  
	
  Corporate Services
  Department

  	
   

  	
  Move
  Date

  	
   

  	
  1,612

  	
   

  	
  2,235

  	
   

  
	
  Corporate Security
  Services

  	
   

  	
  Move
  Date

  	
   

  	
  2,794

  	
   

  	
  3,874

  	
   

  
	
  HR Training Support

  	
   

  	
  Move
  Date

  	
   

  	
  809

  	
   

  	
  1,123

  	
   

  
	
  IS Services

  	
   

  	
  Last
  Move Date

  	
   

  	
  53,247

  	
   

  	
  73,836

  	
   

  
	
  Graphic Services

  	
   

  	
  Last
  Move Date

  	
   

  	
  3,881

  	
   

  	
  5,381

  	
   

  
	
  Corporate Travel
  Planning

  	
   

  	
  Last
  Move Date

  	
   

  	
  1,122

  	
   

  	
  1,556

  	
   

  
	
  Community/Public
  Relations

  	
   

  	
  Last
  Move Date

  	
   

  	
  6,688

  	
   

  	
  9,275

  	
   

  
	
  Government Affairs

  	
   

  	
  Last
  Move Date

  	
   

  	
  1,103

  	
   

  	
  1,529

  	
   

  
	
  HR Compensation

  	
   

  	
  12/31/2007

  	
   

  	
  3,974

  	
   

  	
  5,511

  	
   

  
	
  HR Employment

  	
   

  	
  12/31/2007

  	
   

  	
  2,954

  	
   

  	
  4,096

  	
   

  
	
  HR Benefits

  	
   

  	
  12/31/2007

  	
   

  	
  5,724

  	
   

  	
  7,938

  	
   

  
	
  HR-Payroll

  	
   

  	
  12/31/2007

  	
   

  	
  2,305

  	
   

  	
  3,197

  	
   

  
	
  Risk Control &
  Analysis

  	
   

  	
  12/31/2007

  	
   

  	
  932

  	
   

  	
  1,292

  	
   

  
	
  Risk Management

  	
   

  	
  12/31/2007

  	
   

  	
  2,893

  	
   

  	
  4,012

  	
   

  

 

2007 Monthly Fee
is for 2007; 2008 Montly Fee is the base for 2008 and remaining years of term
subject to adjustment under Section 2.2(a)(iii)

 A-1

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