Document:

Exhibit 10.3

 

AMENDED AND RESTATED

SERVICES AGREEMENT

 

THIS AMENDED AND RESTATED SERVICES AGREEMENT (the “Agreement”)
is made and entered into as of this 4th day of October, 2005, by and among
Global Petroleum Corp., a Massachusetts corporation (the “Company”) and Global
Companies LLC, a Delaware limited liability company (“Global LLC”), Global
Montello Group LLC, a Delaware limited liability company (“Group LLC”) and
Chelsea Sandwich LLC, a Delaware limited liability company (“Chelsea LLC”)
(Global LLC, Group LLC and Chelsea LLC are sometimes hereinafter referred to
individually as an “LLC”, and collectively as the “LLCs”).  The Company and the LLCs are sometimes
hereinafter referred to each as a “Party” and collectively as the “Parties”.

 

W I
T N E S S E T H:

 

WHEREAS, the Company has been providing certain
services to the LLCs and the LLCs have been providing certain services to the
Company;

 

WHEREAS, the Company is willing to continue to
provide such services as it has previously provided to the LLCs, and the LLCs
desire to receive such services from the Company, all upon the terms and
subject to the conditions herein contained; and

 

WHEREAS, the LLCs are willing to continue to provide
such services as they have previously provided to the Company, and the Company
desires to receive such services from the LLCs, all upon the terms and subject
to the conditions herein contained.

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Company and the LLCs hereby agree as follows:

 

1.                                       Services.

 

(a)                                  Company Services.  The
Company hereby agrees to provide to the LLCs services it is capable of
providing during the Service Period (defined below) similar to those which
historically have been provided to the LLCs by the Company (the “Company
Services”).  The Company Services shall
include, without limitation, terminal, environmental and operational support
services.  The Company Services shall be
rendered at such times as are reasonably requested by the LLCs, giving due
regard to the Company’s operations and other responsibilities.  The Company Services may not be expanded
except in accordance with Paragraph 9 of this Agreement.

 

(b)                                 LLC Services.  The
LLCs hereby agree to provide to the Company services they are capable of
providing during the Service Period (defined below) similar to those which
historically have been provided to the Company by the LLCs (the “LLC Services”).  The LLC Services shall include, without
limitation, accounting, treasury, legal, information technology, human
resources and financial operations support services.  The LLC Services shall be rendered at such
times as are reasonably requested by the Company, giving due regard to the LLCs’

 

 

operations
and other responsibilities.  The LLC
Services may not be expanded except in accordance with Paragraph 9 of this
Agreement.

 

2.                                       Service Period.  The
Company shall provide the Company Services to the LLCs, and the LLCs shall
provide the LLC Services to the Company, from the date hereof until January 1,
2008, and thereafter for such period of time as they shall mutually agree (the “Service
Period”).  The Company may terminate its
receipt of some or all of the LLC Services, and/or the LLCs may terminate their
receipt of some or all of the Company Services, upon one hundred eighty (180)
days advance written notice; provided, however, that neither the Company nor
the LLCs may terminate their receipt of LLC Services or Company Services,
respectively, prior to January 1, 2008.

 

3.                                       Compensation.  In
order to reimburse the Company and the LLCs, on a non-profit basis, for costs
incurred by it or them in connection with providing the Company Services and
the LLC Services, respectively, the LLCs shall pay to the Company, and the
Company shall pay to the LLCs, promptly on receipt of quarterly invoices
reflecting for the three (3) months covered thereby, the total of (a) the
hours spent by each employee in providing the Company Services or the LLC
Services, as the case may be, times such employee’s compensation (expressed as
an hourly rate of compensation) plus 30% of the product thereof to cover
employee benefits, overhead and other indirect payroll costs, and (b) the Company’s
or the LLCs’ actual and documented out of pocket expenses incurred (i) in
the case of the Company, in connection with the Company Services or on behalf
of the LLCs, or (ii) in the case of the LLCs, in connection with the LLC
Services or on behalf of the Company. 
Notwithstanding the foregoing, with respect to those Company or LLC
employees whose salary is greater than $150,000.00 per year, the overhead and
benefits calculation for said group of employees shall not, regardless of the “plus
30%” calculation referred to in the immediately preceding sentence, exceed
$40,000.00 per year.

 

The Company and the LLCs shall keep timekeeper
reports on a monthly basis for time expended on non-Company Services or non-LLC
Services, respectively, so as to accurately monitor such Company Services
provided for the benefit of the LLCs and LLC Services provided for the benefit
of the Company.  Invoices submitted by
the Company to the LLCs, and by the LLCs to the Company, shall be based upon
such records.  As an alternative to said
timekeeping requirements, the President or Treasurer of the Company and the
Chief Executive Officer of each LLC may agree upon a specified monthly amount
to be paid by such LLC to the Company or by the Company to the such LLC (the “Monthly
Services Fee”), which Monthly Services Fee shall be subject to approval by the
Conflicts Committee and reviewed quarterly and amended in order to more
accurately and equitably reflect the actual Services rendered.  Upon 30 days prior written notice, either Party
may elect to cancel the Monthly Services Fee and utilize actual timekeeping
records whereupon compensation shall be paid in accordance with the prior
provisions of this Paragraph 3.

 

4.                                       Indemnification.  (a) In
as much as the Company is performing the Company Services on an at cost basis
and not for the purpose of making a profit, the LLCs shall indemnify and hold
harmless the Company, and its officers, directors, employees, stockholders,
agents and representatives (collectively, the “Company Indemnitees”) from and
against any and all losses, liabilities, damages, claims, and expenses
(including reasonable attorneys’ fees and expenses) 

 

2

 

suffered
or incurred by any Company Indemnitee which arise out of or are related to any
action of the Company or any of its employees taken while performing Company
Services for the benefit of, or on behalf of, the LLCs, except to the extent
that such losses, liabilities, damages, claims, and expenses are caused by the
gross negligence or willful misconduct of the Company or any of its employees
or agents.

 

(b) In as much as the LLCs are performing the
LLC Services on an at cost basis and not for the purpose of making a profit,
the Company shall indemnify and hold harmless the LLCs, and their officers,
directors, employees, members, agents and representatives (collectively, the “LLC
Indemnitees”) from and against any and all losses, liabilities, damages,
claims, and expenses (including reasonable attorneys’ fees and expenses)
suffered or incurred by any LLC Indemnitee which arise out of or are related to
any action of the LLCs or any of their employees taken while performing LLC
Services for the benefit of, or on behalf of, the Company, except to the extent
that such losses, liabilities, damages, claims, and expenses are caused by the
gross negligence or willful misconduct of the LLCs or any of their employees or
agents.

 

5.                                       Relationship of the Parties.  Each
Party is retained by the other Party only for the purposes and to the extent
set forth in this Agreement, and shall serve such other Party solely as an
independent contractor.  Neither Party
shall have any authority to enter into agreements or commitments on behalf of
the other Party or to bind the other Party in any respect, except as expressly
authorized in writing by such other Party. 
Neither Party shall be entitled to receive any payments from the other
Party by way of compensation, expenses, reimbursements or otherwise in respect
of the Company Services and LLC Services, except for the reimbursement to be
paid as set forth herein.  Nothing
contained herein shall be construed as making either Party, or any of its
employees, an employee, officer, director or owner of any other Party hereto.

 

6.                                       Waivers and Consents.  The
terms and provisions of this Agreement may be waived, or consent for the
departure therefrom granted, only by a written document executed by the LLCs
and the Company.  No such waiver or
consent shall be deemed to be or shall constitute a waiver or consent with
respect to any other terms or provisions of this Agreement, whether or not
similar.  Each such waiver or consent
shall be effective only in the specific instance and for the purpose for which
it was given.

 

7.                                       Notices.  All notices, requests, consents
and other communications hereunder shall be in writing, shall be addressed to
the receiving Party’s address set forth below or to such other address as a
Party may designate by notice hereunder, and shall be either (a) delivered
by hand, (b) telexed, telecopied or made by confirmed facsimile
transmission, (c) sent by overnight courier, or (d) sent by certified
or registered mail, return receipt requested, postage prepaid.

 

	
  If to the Company:

  	
  Global Petroleum Corp.

  
	
   

  	
  800 South Street, Suite 200

  	
   

  
	
   

  	
  P.O. Box 9161

  	
   

  
	
   

  	
  Waltham, Massachusetts
  02454-9161

  	
   

  
	
   

  	
  Attention: President

  
	
   

  	
  Fax:

  	
  (781) 398-4165

  
				

 

3

 

	
  and

  	
   

  	
   

  
	
  if to the LLCs:

  	
  Global Companies LLC

  
	
   

  	
  800 South Street, Suite 200

  	
   

  
	
   

  	
  P.O. Box 9161

  	
   

  
	
   

  	
  Waltham, Massachusetts
  02454-9161

  	
   

  
	
   

  	
  Attention: Chief
  Accounting Officer and General Counsel

  
	
   

  	
  Fax:

  	
  (781) 398-4165

  
				

 

All notices, requests, consents and other
communications hereunder shall be deemed to have been received:  (a) if by hand, at the time of the
delivery thereof to the receiving party at the address of such party set forth
above; (b) if telexed, telecopied or made by facsimile transmission, at
the time that receipt thereof has been acknowledged by electronic confirmation
or otherwise; (c) if sent by overnight courier, on the next day following
the day such mailing is made (or in the case that such mailing is made on a
Friday, Saturday or on the day before a legal holiday, on the immediately
following business day); or (d) if sent by certified or registered mail,
return receipt requested, on the date indicated as the receipt date on such
returned receipt, or on the 5th day following the time of such
mailing thereof to such address (or in the case that such 5th day is
a Saturday, Sunday or a legal holiday, on the immediately following business
day), if a receipt is not returned.

 

8.                                       Successors and Assigns.  This
Agreement may not be assigned in whole or in part without the written consent
of all of the non-assigning Parties. 
This Agreement shall be binding upon and inure to the benefit of the
LLCs and the Company, and each of their respective successors and assigns.

 

9.                                       Entire Agreement/Amendment.  This
Agreement constitutes the entire agreement among the Parties with respect to
the subject matter hereof and except as otherwise provided herein, supersedes
all prior agreements or understandings written or oral in respect thereof.  This Agreement may be amended or modified at
any time or from time to time only by a written instrument signed by the
Parties hereto.

 

10.                                 Enforcement.  The provisions of this
Agreement shall be regarded as divisible, and if any of said provisions or any
part hereof are declared invalid or unenforceable by a court of competent
jurisdiction, the validity and enforceability of the remainder of such
provisions or parts hereof and the applicability thereof shall not be affected
thereby.

 

11.                                 Governing Law.  This
Agreement and the rights and obligations hereunder shall be governed by and
construed in accordance with the laws of the Commonwealth of Massachusetts,
without giving effect to the conflict of laws principles thereof.

 

13.                                 Headings.  The paragraph headings
contained herein are for convenience and reference only and shall not be given
effect in the interpretation of any term or condition of this Agreement.

 

14.                                 Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, and all of which together shall be deemed one and the same
instrument.

 

4

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the day and year first above written.

 

 

	
   

  	
  GLOBAL PETROLEUM CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Faneuil

  
	
   

  	
   

  	
  Edward J. Faneuil

  
	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GLOBAL COMPANIES LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Faneuil

  
	
   

  	
   

  	
  Edward J. Faneuil

  
	
   

  	
   

  	
  Executive Vice President, General 

  Counsel and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GLOBAL MONTELLO GROUP LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Faneuil

  
	
   

  	
   

  	
  Edward J. Faneuil

  
	
   

  	
   

  	
  Secretary and General Counsel

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CHELSEA SANDWICH LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Faneuil

  
	
   

  	
   

  	
  Edward J. Faneuil

  
	
   

  	
   

  	
  Executive Vice President, General

  
	
   

  	
   

  	
  Counsel and SecretaryExhibit 10.4

 

AMENDED AND RESTATED

SERVICES AGREEMENT

 

THIS AMENDED AND RESTATED SERVICES AGREEMENT
(the “Agreement”) is made and entered into as of this 4th day of October, 2005,
by and among Alliance Energy Corp., a Massachusetts corporation (the “Company”)
and Global Companies LLC, a Delaware limited liability company (“Global”).  The Company and Global are sometimes
hereinafter referred to each as a “Party” and collectively as the “Parties”.

 

W I
T N E S S E T H:

 

WHEREAS, Global has been providing certain
services to the Company, and is willing to continue to provide such services as
it has previously provided to the Company, upon the terms and subject to the
conditions herein contained; and

 

WHEREAS, the Company desires to receive such
services from Global, upon the terms and subject to the conditions herein
contained.

 

NOW, THEREFORE, in consideration of the
mutual covenants and agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Global hereby agree as follows:

 

1.                                       Services. 
Global hereby agrees to provide to the Company services it is capable of
providing during the Service Period (defined below) similar to those which
historically have been provided to the Company by Global (the “Services”).  The Services shall include, without
limitation, accounting, treasury, legal, information technology, human
resources and financial operations support services.  The Services shall be rendered at such times
as are reasonably requested by the Company, giving due regard to Global’s
operations and other responsibilities. 
The Services may not be expanded except in accordance with Paragraph 9
of this Agreement.

 

2.                                       Service Period. 
Global shall provide Services to the Company from the date hereof until January 1,
2008, and thereafter for such period of time as Global and the Company shall
mutually agree (the “Service Period”). 
The Company may terminate its receipt of some or all of the Services
upon one hundred eighty (180) days advance written notice; provided, however,
that the Company may not terminate its receipt of Services prior to January 1,
2008.

 

3.                                       Compensation. 
In order to reimburse Global, on a non-profit basis, for costs incurred
by it in connection with providing the Services, the Company shall pay to
Global, promptly on receipt of quarterly invoices reflecting for the three (3) months
covered thereby, the total of (a) the hours spent by each Global employee
in providing the Services times such employee’s compensation (expressed as an
hourly rate of compensation) plus 30% of the product thereof to cover employee
benefits, overhead and other indirect payroll costs, and (b) Global’s
actual and documented out of pocket expenses incurred in connection with the
Services or on behalf of the Company. 
Notwithstanding the foregoing, with respect to those Global employees
whose salary is greater than $150,000.00 per year, the overhead and benefits
calculation for said group of employees shall not, regardless of the “plus 30%”
calculation referred to in the immediately preceding sentence, exceed
$40,000.00 per year.

 

 

Global shall keep timekeeper reports on a
monthly basis for time expended on Services provided for the benefit of the
Company.  Invoices submitted by Global to
the Company shall be based upon such records. 
As an alternative to said timekeeping requirements, the President or
Treasurer of the Company and the Chief Executive Officer of Global may agree
upon a specified monthly amount to be paid by the Company to Global (the “Monthly
Services Fee”), which Monthly Services Fee shall be subject to approval by
Global Partners LP’s Conflicts Committee and reviewed quarterly and amended in
order to more accurately and equitably reflect the actual Services rendered.  Upon 30 days prior written notice, either
Party may elect to cancel the Monthly Services Fee and utilize actual
timekeeping records whereupon compensation shall be paid in accordance with the
prior provisions of this Paragraph 3.

 

4.                                       Indemnification. 
In as much as Global is performing the Services on an at cost basis and
not for the purpose of making a profit, the Company shall indemnify and hold
harmless Global, and its officers, directors, employees, members, agents and
representatives (collectively, the “Indemnitees”) from and against any and all
losses, liabilities, damages, claims, and expenses (including reasonable
attorneys’ fees and expenses) suffered or incurred by any Indemnitee which
arise out of or are related to any action of Global or any of its employees
taken while performing Services for the benefit of, or on behalf of, the
Company, except to the extent that such losses, liabilities, damages, claims,
and expenses are caused by the gross negligence or willful misconduct of Global
or any of its employees or agents.

 

5.                                       Relationship of the Parties. 
Each Party is retained by the other Party only for the purposes and to
the extent set forth in this Agreement, and shall serve such other Party solely
as an independent contractor.  Neither Party
shall have any authority to enter into agreements or commitments on behalf of
the other Party or to bind the other Party in any respect, except as expressly
authorized in writing by such other Party. 
Neither Party shall be entitled to receive any payments from the other
Party by way of compensation, expenses, reimbursements or otherwise in respect
of the Services, except for the reimbursement to be paid as set forth
herein.  Nothing contained herein shall
be construed as making either Party, or any of its employees, an employee,
officer, director or owner of any other Party hereto.

 

6.                                       Waivers and Consents. 
The terms and provisions of this Agreement may be waived, or consent for
the departure therefrom granted, only by a written document executed by Global
and the Company.  No such waiver or
consent shall be deemed to be or shall constitute a waiver or consent with
respect to any other terms or provisions of this Agreement, whether or not
similar.  Each such waiver or consent
shall be effective only in the specific instance and for the purpose for which
it was given.

 

7.                                       Notices. 
All notices, requests, consents and other communications hereunder shall
be in writing, shall be addressed to the receiving Party’s address set forth
below or to such other address as a Party may designate by notice hereunder,
and shall be either (a) delivered by hand, (b) telexed, telecopied or
made by confirmed facsimile transmission, (c) sent by overnight courier,
or (d) sent by certified or registered mail, return receipt requested,
postage prepaid.

 

2

 

	
  If to the Company:

  	
  Alliance Energy
  Corp.

  
	
   

  	
  800 South
  Street, Suite 200

  
	
   

  	
  P.O. Box
  9161

  
	
   

  	
  Waltham,
  Massachusetts 02454-9161

  
	
   

  	
  Attention:
  President

  
	
   

  	
  Fax:

  	
  (781) 398-4165

  
	
   

  	
   

  	
   

  
	
  and

  	
   

  	
   

  
	
  if to Global:

  	
  Global
  Companies LLC

  
	
   

  	
  800 South
  Street, Suite 200

  
	
   

  	
  P.O. Box
  9161

  
	
   

  	
  Waltham,
  Massachusetts 02454-9161

  
	
   

  	
  Attention:
  Chief Accounting Officer and General Counsel

  
	
   

  	
  Fax:

  	
  (781) 398-4165

  

 

All notices, requests, consents and other
communications hereunder shall be deemed to have been received:  (a) if by hand, at the time of the
delivery thereof to the receiving party at the address of such party set forth
above; (b) if telexed, telecopied or made by facsimile transmission, at
the time that receipt thereof has been acknowledged by electronic confirmation
or otherwise; (c) if sent by overnight courier, on the next day following
the day such mailing is made (or in the case that such mailing is made on a
Friday, Saturday or on the day before a legal holiday, on the immediately
following business day); or (d) if sent by certified or registered mail,
return receipt requested, on the date indicated as the receipt date on such
returned receipt, or on the 5th day following the time of such
mailing thereof to such address (or in the case that such 5th day is
a Saturday, Sunday or a legal holiday, on the immediately following business
day), if a receipt is not returned.

 

8.                                       Successors and Assigns. 
This Agreement may not be assigned in whole or in part without the
written consent of all of the non-assigning Parties.  This Agreement shall be binding upon and
inure to the benefit of Global and the Company, and each of their respective
successors and assigns.

 

9.                                       Entire Agreement/Amendment. 
This Agreement constitutes the entire agreement among the Parties with
respect to the subject matter hereof and except as otherwise provided herein,
supersedes all prior agreements or understandings written or oral in respect
thereof.  This Agreement may be amended
or modified at any time or from time to time only by a written instrument
signed by the Parties hereto.

 

10.                                 Enforcement. 
The provisions of this Agreement shall be regarded as divisible, and if
any of said provisions or any part hereof are declared invalid or unenforceable
by a court of competent jurisdiction, the validity and enforceability of the
remainder of such provisions or parts hereof and the applicability thereof
shall not be affected thereby.

 

11.                                 Governing Law. 
This Agreement and the rights and obligations hereunder shall be
governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts, without giving effect to the conflict of laws principles
thereof.

 

3

 

13.                                 Headings. 
The paragraph headings contained herein are for convenience and
reference only and shall not be given effect in the interpretation of any term
or condition of this Agreement.

 

14.                                 Counterparts. 
This Agreement may be executed in counterparts, each of which shall be
deemed an original, and all of which together shall be deemed one and the same
instrument.

 

 

[THE REMAINDER OF THIS PAGE
IS INTENTIONALLY LEFT BLANK]

 

4

 

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the day and year first above
written.

 

 

	
   

  	
  ALLIANCE ENERGY CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Faneuil

  
	
   

  	
   

  	
  Edward J. Faneuil

  
	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GLOBAL COMPANIES LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Faneuil

  
	
   

  	
   

  	
  Edward J. Faneuil

  
	
   

  	
   

  	
  Executive Vice President, General

  Counsel and Secretary

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