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Document

Exhibit 10.12

CERTAIN INFORMATION IDENTIFIED WITH [****] HAS BEEN EXCLUDED FROM THIS DOCUMENT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

Amendment #4 to WEX Merchant Acceptance Agreement

This Amendment (the “Amendment”) is entered into by and between TA Operating LLC (“Merchant”) and WEX Inc. (“WEX”) on December 6, 2021.
WEX and Merchant are each party to that certain WEX Merchant Acceptance Agreement dated effective November 7, 2016, as amended (the “Agreement”).
The Agreement is scheduled to expire December 7, 2021.
The parties desire to extend the term of the Agreement and modify certain terms thereof, in each case as set forth below.
In consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1.Amendments.
a.The Agreement is amended such that it will expire December 31, 2027 (and, for the avoidance of doubt, will not thereafter be renewed absent the mutual written consent of the parties to further extend the term).
b.If either the Amended and Restated Fuel and Truck Services Agreement dated February 15, 2020 between Merchant and Truckers B2B, LLC (the “B2B Agreement) or the Fuel Services Agreement between Merchant and FleetOne Factoring LLC dated on or about the date hereof (the “FleetOne Agreement”; together with the B2B Agreement, the “Fuel Purchasing Agreements”) is terminated, then (i) if such termination was a result of a default by Merchant under such agreement, WEX shall have the option to terminate this Agreement, which termination shall be effective 60 days after the date that WEX gives notice of termination to Merchant provided, however, that such notice must be given (or such termination option will be deemed to have been waived) within sixty (60) days after the effective date of the termination of the applicable Fuel Purchasing Agreement and (ii) if such termination was a result of a default by Merchant’s counterparty under the applicable Fuel Purchasing Agreement, Merchant shall have the option to terminate this Agreement, which termination shall be effective 60 days after the date that Merchant gives notice of termination to WEX provided, however, that such notice must be given (or such termination option will be deemed to have been waived) within sixty (60) days after the effective date of the termination of the applicable Fuel Purchasing Agreement.
c.Section 1.1, Paragraph H, is deleted in its entirety and replaced with the following:
“‘Distribution Sites’ means the retail locations owned and operated by MERCHANT. Sites that use Merchant’s brand names, but are independently-owned distributor, dealer or franchisee sites as of the date of this Amendment are referred to collectively as ‘Franchise Sites.’ MERCHANT may add Franchise Sites to this Agreement throughout the term, subject to the following restriction: With respect to any locations 

that are already WEX Card-accepting locations prior to their affiliation with MERCHANT, MERCHANT may add no more than 35 such locations per year as Franchise Sites under the Agreement. For the avoidance of doubt, this limitation does not apply to new sites opened by MERCHANT or new Franchise Sites opened by an existing Franchise Site owner or its or their affiliates. Nor does this limitation apply to newly-acquired Distribution Sites purchased or operated by MERCHANT or newly constructed Franchise Sites or sites which did not previously accept the WEX Card. WEX will extend to existing and future Franchise Sites the option to accept Cards on terms substantially similar to those in this Agreement, for the duration of this Agreement. Subject to the Franchise Sites’ execution of the appropriate agreements, WEX will price Franchise Site WEX Card transactions at the same or substantially similar pricing and fees as those that apply to WEX Card transactions at Merchant locations. All other WEX charges for all Franchise Sites—such as reporting, settlement, research, account changes, and so forth—will be priced at WEX’s standard rates or as specifically agreed between WEX and the Franchise Site(s) in question. Merchant will have no liability with respect to the Franchise Sites or WEX’s obligations thereunder. Notwithstanding the foregoing, no site will be considered a Franchise Site under this Agreement unless it also agrees to be a “Participating Site” pursuant to the terms of both the B2B Agreement and the FleetOne Agreement.”
d.The two tables set forth on Exhibit B, WEX Fees and Settlement (directly below Paragraph C) are deleted in their entirety and replaced with the following:
																		
	Transaction Type	Applicable Card Type
	Transaction or Service Type
	WEX Fee
(per transaction unless otherwise stated)
	Settlement
Initiation Date
from the Posting Date

	[****]	[****]	
	Over the Road Transaction	WEX Over-the-
Road (OTR)
(Fleet One OTR, EFS (formerly known as TCH), 
T-Chek and EFSTS) and WEX CrossRoads	Card Sale - Purchase	[****]	[****]	See Exhibit B-1.
	Card Sale – Cash
Advance without
Purchase	[****]	[****]
	Manual/Voice
Authorization**	[****]	[****]
	MoneyCode/Check	[****]	[****]
	Settlement	[****]	
	Local
Transaction	WEX Universal	Card Sale Purchase	[****]	[****]	See Exhibit B-1.
	Manual/Voice
Authorization**	[****]	[****]
	Settlement	[****]	

*Fees remain unchanged for the balance of 2021.
**The Manual/Voice Authorization fee is incremental to the Card Sale transaction fee(s), and applies when the merchant authorizes a given transaction manually or via voice authorization. This incremental fee is waived during time periods, if any, when WEX’s automated authorization system is unavailable for Card Sale processing. This fee does not apply to MoneyCode/Check transactions.

[****]
e.Exhibit B-1 of the Agreement is hereby deleted and a new Exhibit B-1 in the form attached hereto and incorporated herein by reference is hereby added in its place.
2.Continuing Effect. As amended hereby, the Agreement continues in full force and effect in accordance with its terms.
3.Counterparts. This Amendment may be executed in multiple counterparts, and by facsimile, .PDF or other electronic means, each of which will be deemed an original, and together one and the same instrument.
Intending to be legally bound, the parties have executed this Amendment effective as of the date first written above.
TA Operating LLC                    WEX Inc.
By:  /s/ Lloyd B. Sanford                By:  /s/ Scott R. Phillips            
Name: Lloyd B. Sanford                Name:  Scott R Phillips
Title: SVP Sales                    Title: President Global Fleet

Exhibit B-1
Settlement Initiation Schedule
WEX OTR
[****]Document

Exhibit 10.21

SECOND AMENDMENT TO SECOND AMENDED 
AND RESTATED LEASE AGREEMENT NO. 4

THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LEASE AGREEMENT NO. 4 (this “Second Amendment”) is entered into as of November 9, 2021, by and between HPT TA PROPERTIES TRUST, a Maryland real estate investment trust, and HPT TA PROPERTIES LLC, a Maryland limited liability company (collectively, “Landlord”), and TA OPERATING LLC, a Delaware limited liability company (“Tenant”).

WHEREAS, Landlord and Tenant are parties to that certain Second Amended and Restated Lease Agreement No. 4, dated as of October 14, 2019, as amended by that certain First Amendment to Second Amended and Restated Lease Agreement No. 4, dated as of March 9, 2021 (as so amended, the “Lease”); and

WHEREAS, the TA Travel Center located at 145 Richmond Road, Walton, Kentucky (the “Walton Property”) is subject to the Lease;
 
WHEREAS, in connection with an eminent domain taking of a portion of the Walton Property by the Commonwealth of Kentucky Transportation Cabinet Department of Highways, Landlord acquired  two (2) parcels of land abutting the Walton Property from the adjoining landowner in exchange for a sewer easement over the Walton Property; and

WHEREAS, the acquisition of the additional land occurred on November 9, 2021; and

WHEREAS, Landlord and Tenant desire to amend Exhibit A-14 of the Lease to reflect the eminent domain taking and the addition of the additional land to the Land related to the Walton Property;

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree that the Lease is hereby amended as of November 9, 2021, as follows:

1.Capitalized Terms.  Capitalized terms used but not otherwise defined in this Second Amendment shall have the meanings given such terms in the Lease.

2.Lease Amendment.  Exhibit A-14 of the Lease is hereby deleted in its entirety and replaced with Exhibit A-14 attached hereto and incorporated herein by this reference.

3.    Ratification.  The Lease, as amended by this Second Amendment, is hereby ratified and confirmed.  For the avoidance of doubt, all references in the Lease to the “Agreement” shall mean and refer to the Lease as amended by this Second Amendment.  

IN WITNESS WHEREOF, Landlord and Tenant have executed this Second Amendment as a sealed instrument as of the date first above written.
LANDLORD:
HPT TA PROPERTIES TRUST,
a Maryland real estate investment trust
By:                            
    Name:  John G. Murray
    Its:  President 
HPT TA PROPERTIES LLC,
a Maryland limited liability company
By:                            
    Name:  John G. Murray
    Its:  President
TENANT:
TA OPERATING LLC,
a Delaware limited liability company
By:                            
    Name: Mark R. Young 
    Its:  EVP and General Counsel 
    

[Signature Page to Second Amendment to Second Amended and Restated Lease Agreement No. 4]

Exhibit A-14

TA Site 28
145 Richwood Road
Walton, KY  41094

Three (3) parcels of land comprised of PARCEL 1, PARCEL 2, Tract 1 and PARCEL 2, Tract II, all as more particularly described as follows:

PARCEL 1

Property Commonly Known As:  145 Richwood Drive, Walton, Kentucky 41094

LYING AND BEING IN THE STATE OF KENTUCKY AND THE COUNTY OF BOONE, LOCATED ON THE EAST SIDE 1-75 AND THE SOUTH SIDE OF KENTUCKY 338 AT THEIR INTERSECTION AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT, SAID POINT BEING A STATE OF KENTUCKY RIGHT-OF-WAY MMARKER FOR KENNTUCKY 338, AND BEING 70.00 FEET SOUTH OF AND RADIAL FROM THE CENTERLINE OF SAID KENTUCKY 338; THENCE ALONG THE SOUTH RIGHT-OF-WAY LINE OF SAID KENTUCKY 338 ON A CURVED LINE DEFLECTING TO THE LEFT 231.21 FEET, HAVING A RADIUS OF 1,707.02 FEET, CHORD OF SAID CURVE BEARS NORTH 64 DEGREES 34’ 47” EAST A DISTANCE OF 231.03 FEET TO A POINT, SAID POINT BEING A SET IRON PIN; THENCE LEAVING SAID SOUTHERLY RITHT-OF-WAY LINE OF KENTUCKY 338, SOUTH 36 DEGREES 19’ 00” EAST, 140.13 FEET TO A POINT, SAID POINT BEING A SET IRON PIN; THENCE SOUTH 53 DEGREES 04’ 00” WEST.  136.00 FEET TO A POINT, SAID POINT BEING A SET IRON PIN; THENCE SOUTH 14 DEGREES 36’ 59” WEST, 232.34 FEET TO A POINT, SAID POINT BEING AN EXISTING CONCRETE MONUMENT; THENCE SOUTH 24 DEGREES 51’ 27” WEST, 113.22 FEET TO A POINT, SAID POINT BEING A SET IRON PIN; THENCE SOUTH 23 DEGREES 21’ 00” WEST, 467.33 FEET TO A POINT, SAID POINT BEING A SET IRON PIN; THENCE NORTH 71 DEGREES 42’ 00” WEST, 100.83 FEET TO A POINT, SAID POINT BEING AN EXISTING POST; THENCE NORTH 83 DEGREES 24’ 03” WEST, 298.98 FEET TO A POINT, SAID POINT BEING AN EXISTING CONCRETE MONUMENT, AND ALSO BEING IN THE LIMITED ACCESS LINE OF INTERSTATE 75 AND ALSO BEING 94.00 FEET EAST AND RADIAL OFF OF RAMP “D” OF INTERSTATE 75; THENCE ALONG SAID LIMITED ACCESS LINE OF THE FOLLOWING COURSES AND DISTANCES, ALONG A CURVE DEFLECTING TO THE RIGHT 177.94 FEET, HAVING A RADIUS OF 1,816.00 FEET, CHORD OF SAID CURVE BEARS NORTH 11 DEGREES 36’ 31” EAST A DISTANCE OF 177.87 FEET TO A POIINT, SAID POINT BEING 94 FEET EAST OF AND RADIAL FROM RAMP “D” BASELINE STATION 6 + 70.3 AND ALSO BEING A SET IRON PIN NORTH 15 DEGREES 53’ 42” EAST, 541.70 FEET TO A POINT, SAID POINT BEING AN EXISTING STATE OF KENTUCKY RIGHT-OF-WAY MARKER.  AND BEING 94.00 FEET EAST OF AND RADIAL FROM BASELINE STATION 12 + 12 RAMP “D” AND ALSO BEING 70.00 FEET SOUTH OF AND RADIAL FROM CENTERLINE OF SURVEY STATION 17 + 93 KENTUCKY 338, NORTH 78 DEGREES 49’ 12” EAST, 47.77 FEET TO A POINT; SAID POINT BEING A SET IRON PIN AND ALSO BEIN 70.00 FEET SOUTH OF AND RADIAL FROM CENTERLINE OF SURVEY STATION 18+40.77 KENTUCKY 338, ON A CURVED LINE DEFLECTING TO THE LEFT 282.59 FEET RADIUS OF SAID CURVE BEING 1.707.02 FEET, CHORD OF SAID CURVE BEARS NORTH 73 DEGREES 12’ 12” EAST A DISTANCE OF 282.27 FEET TO A POINT, SAID POINT BEING AN EXISTING STATE OF KENTUCKY RIGHT-OF-WAY MARKER AND ALSO BEING 70.00 FEET SOUTH OF AND 

Exhibit A-14

RADIAL TO KENTUCKY 338, AND ALSO BEING THE APPROXIMATE LOCATION OF THE END OF SAID LIMITED ACCESS LINE TO INTERSTATE 75, AND ALSO BEING THE POINT OF BEGINNING CONTAINING 9.0166 ACRES OF LAND, MORE OR LESS.
BEING THE SAME PROPERTY CONVEYED TO TA OPERATING CORPORATION, A DELAWARE CORPORATION, BY DEED DATED 12/9/1993 OF RECORD IN DEED BOOK 529, PAGE 56, IN THE OFFICE OF THE CLERK OF BOONE COUNTY, KENTUCKY.
LESS AND EXCEPT FROM PARCEL 1 THAT CERTAIN PARCEL OF LAND TAKEN BY THE COMMONWEALTH OF KENTUCKY TRANSPORTATION CABINET DEPARTMENT OF HIGHWAYS PURSUANT TO THE PETITION FILED AS CIVIL ACTION NUMBER 19-CI-00767 IN THE BOONE COUNTY KY CIRCUIT COURT.

PARCEL 2

Tract 1:

SITUATE IN BOONE COUNTY, KENTUCKY EAST OF INTERSTATE I-75 AND SOUTH OF KENTUCKY 338 RELOCATION AND BE MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT A SET 5/8” IRON PIN WITH CAP S2944 AT THE RIGHT-OF-WAY INTERSECTION OF KY 338, AS NOW RELOCATED WITH THE NEW RIGHT-OF-WAY OF BEST PAL DRIVE AT KENTUCKY ZONE 1 STATE PLANE COORDINATE N 4 223: 705.15; E 5 241 175.27;

THENCE ALONG THE EAST LINE OF THE GRANTEE’S PROPERTY AS CONVEYED IN DEED BOOK 929, PAGE 685 OF THE BOOK COUNTY CLERK’S OFFICE;

S 14° 28’13” W- 30.18 FEET TO A FOUND CONCRETE MONUMENT WITH PIN;

THENCE S 23° 44’ 12” W- 30.18 FEET TO A SET 5/8” IRON PIN WITH CAP S-2944;

THENCE THROUGH NEW DIVISION LINES -S 53° 27’ 57” E—64.79 FEET TO A SET 5/8” IRON PIN WITH CAP S-2944;

THENCE N 62° 52’ 47” E – 92.29 FEET TO A SET 5/8” IRON PIN WITH CAP S-2944;

THENCE N 30° 41’ 07” W – 174.45 FEET TO THE POINT OF BEGINNING.

CONTAINING 0.28814 ACRES

BEARINGS BASED ON KENTUCKY STATE PLAN, 1 ZONE SYSTEM (ALL DISTANCES ARE GROUND).

BEING PART OF THE PROPERTY CONVEYED TO HPT TA PROPERTIES TRUST IN DEED BOOK 1177, PAGE 247.

BEING THE RESULT OF A SURVEY BY GEORGE ARMSTRONG KENTUCKY SURVEYOR #2944, DATED 5-20-2020

Exhibit A-14

SUBJECT TO HIGHWAYS, EASEMENTS AND LIMITED ACCESS RIGHT-OF-WAY OF RECORD.

PARCEL 2

Tract II:

SITUATE IN BOONE COUNTY, KENTUCKY EAST OF INTERSTATE I-75 SOUTH OF KENTUCKY 338 RELOCATION AND BEING MORE PARTICULARLY DESCRIBE AS FOLLOWS:

BEGINNING AT A SET 5/8” IRON PIN WITH CAP S2944 AT THE RIGHT-OF-WAY INTERSECTION OF KY 338, AS NOW RELOCATED WITH THE NEW RIGHT-OF-WAY OF BEST PAL DRIVE AT KENTUCKY ZONE 1 STATE PLANE COORDINATE N 4 223 705.15; E 5 241 175.27;

THENCE ALONG THE EAST LINE OF THE PROPERTY AS CONVEYED IN DEED BOOK 929, PAGE 685 OF THE BOONE COUNTY CLERK’S OFFICE; 

S 14° 28’13” W- 130.25 FEET TO A FOUND CONCRETE MONUMENT WITH PIN;

THENCE S 24° 44’ 12” W- 113.22 FEET TO A SET 5/8” IRON PIN WITH CAP S-2944 ON THE CENTERLINE OF THE NEW ENTRANCE DRIVE PER KYTC PLANS;

THENCE S 23° 12’ 14” W – 47.47’ FEET TO A SET 5/8” IRON PIN WITH CAP S-2944, THE REAL POINT OF BEGINNING;

THENCE S 23° 12’ 14” W- 100.00 FEET TO A SET 5/8” IRON PIN WITH CAP S-2944;

THENCE N 71° 33’ 55” – ALONG A NEW DIVISION LINE-132.89 FEET TO A SET 5/8” IRON PIN WITH CAP S-2944;

THENCE N 60° 04’ 24” W- 100.00 FEET TO THE POINT OF BEGINNING.

CONTAINING 0.11399 ACRES.

BEARINGS BASED ON KENTUCKY STATE PLANE, 1 ZONE SYSTEM (ALL DISTANCES ARE GROUND).

BEING PART OF THE PROPERTY CONVEYED TO HPT TA PROPERTIES TRUST  IN DEED BOOK 1177, PAGE 247.

BEING THE RESULT OF A SURVEY BY GEORGE ARMSTRONG -KENTUCKY SURVEYOR #2944, DATED 5-20-2020

SUBJECT TO HIGHWAYS, EASEMENTS AND LIMITED ACCESS RIGHT-OF-WAY OF RECORD.

Exhibit A-14

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