Document:

Ex-10.2(b)

 

Exhibit 10.2(b)

EXECUTION COPY

FIRST AMENDMENT

TO

PURCHASE AND SALE AGREEMENT

     THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “First Amendment”) is made and
entered into as of July 31, 2006, by and among PRIDE COMPANIES, L.P., a Delaware limited
partnership (“Pride Company”), PRIDE REFINING, INC., a Texas corporation (“Pride Refining”), PRIDE
MARKETING LLC, a Texas limited liability company (“Pride Marketing,”), PRIDE PRODUCTS, a Texas
general partnership (“Pride Products” and collectively with Pride Company, Pride Refining
and Pride Marketing, “Sellers”), on the one hand, and DELEK US HOLDINGS, INC., a Delaware
corporation (“Buyer”), and DELEK MARKETING & SUPPLY, LP, a Delaware limited partnership and
assignee of Buyer’s rights under the Purchase Agreement (“Buyer Designee”). Sellers, Buyer and
Buyer Designee are hereinafter sometimes referred to individually as a “Party” and collectively as
the “Parties.”

RECITALS

     WHEREAS, Buyer, Pride Company, Pride Refining and Pride Marketing entered into that certain
Purchase and Sale Agreement dated June 21, 2006 (the “Purchase Agreement”); and

     WHEREAS, the Purchase Agreement contemplated that Buyer would acquire from Pride Company and
Pride Marketing their respective equity interests in Pride Products; and

     WHEREAS, the Parties now desire that Pride Products assign certain of its assets directly to
Buyer Designee, in lieu of Pride Company and Pride Marketing selling their respective equity
interests in Pride Products to Buyer pursuant to the Purchase Agreement, and that Pride Products
become a party to the Purchase Agreement and be deemed a “Seller” thereunder; and

     WHEREAS, the Parties now desire to amend certain provisions of the Purchase Agreement and
certain Schedules and Exhibits thereto, all as further provided herein;

     NOW, THEREFORE, in consideration of the premises and the mutual promises made in the Purchase
Agreement and this First Amendment, and in consideration of the representations, warranties, and
covenants contained in the Purchase Agreement and this First Amendment, the Parties hereby agree as
follows:

PURCHASE AGREEMENT PROVISIONS

	 	1.	 	Definitions and Interpretation. Capitalized terms used and not defined in
this First Amendment shall have the meanings ascribed thereto in the Purchase Agreement,
unless expressly provided otherwise in this First Amendment, and all rules as to
interpretation and usage set forth in the Purchase Agreement shall apply to this First
Amendment.

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	 	2.	 	Addition of Pride Products as a “Seller”.

	 	a.	 	The Parties hereby agree to add Pride Products as, and Pride Products
agrees to be added as, a “Seller” party to the Purchase Agreement effective as of
June 21, 2006, except that any representations and warranties deemed made by Pride
Products by virtue of its addition as a Party shall be made as of the date hereof.
Pride Products shall have rights and obligations substantially similar to the
rights and obligations of the existing Sellers. All references in the Purchase
Agreement to “Sellers” shall be deemed to include Pride Products.
	 
	 	b.	 	Pride Products hereby (i) acknowledges that it has received a copy of
the Purchase Agreement and all schedules and exhibits thereto, (ii) adopts the
Purchase Agreement with the same force and effect as if Pride Products were
originally a party thereto and named as a party therein, (iii) agrees to assume
and perform all of the obligations and liabilities applicable to it as a “Seller,”
and, as such, to comply with and be bound by the terms of the Purchase Agreement,
(iv) accepts the rights and privileges applicable to it as a “Seller” pursuant to
the Purchase Agreement, and (v) agrees that any and all Purchased Property that
Pride Products owns shall be bound by the terms of the Purchase Agreement.
	 
	 	c.	 	Pride Products acknowledges that it has read and understands the
scope and effect of the provisions of the Purchase Agreement and hereby represents
and warrants to Buyer and to Buyer Designee (for so long as Buyer Designee remains
an Affiliate of Buyer) the same representations and warranties provided in
Article IX of the Purchase Agreement and such provisions are incorporated
herein for all purposes with respect to Pride Products.
	 
	 	d.	 	All notices to be sent to Pride Products pursuant to the Purchase
Agreement shall be sent as provided in Section 20.9 thereof.

	 	3.	 	Buyer Designee.

	 	a.	 	Buyer hereby designates Buyer Designee as the Affiliate of Buyer to
whom the Purchased Property is to be conveyed as of the Closing Date pursuant to
Section 5.6 of the Purchase Agreement; provided, however, that the
foregoing shall in no way limit the application of Section 5.6,
14.5 or 20.12 of the Purchase Agreement. Sellers expressly waive
the three day notice requirement set forth in Section 5.6 of the Purchase
Agreement with respect to the designation of Buyer Designee.
	 
	 	b.	 	All Exhibits to the Purchase Agreement shall be amended, as
applicable, to replace Buyer with Buyer Designee; provided, however, that the

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foregoing shall in no way limit the application of Section 5.6,
14.5 or 20.12 of the Purchase Agreement.

	 	c.	 	Buyer hereby acknowledges and agrees that the designation of Buyer
Designee to receive the Purchased Property and to enter into the Exhibits to the
Purchase Agreement in no way limits the obligations of Buyer under the Purchase
Agreement, including under Article XV of the Purchase Agreement.

	 	4.	 	Section 2.1 (Included Assets). Section 2.1 of the Purchase Agreement
is hereby amended as follows:

	 	a.	 	Subparagraph 2.1(a) is hereby deleted in its entirety, and is
replaced with the following: “(a) [INTENTIONALLY OMITTED];
	 
	 	b.	 	Subparagraph 2.1(n): add the words “Pride Products” after “Pride
Marketing,” in the second and third lines thereof; and
	 
	 	c.	 	Subparagraph 2.1(v): delete the words “and Pride Products’” in the
first and second lines thereof.

	 	5.	 	Section 3.4 (Inventory Payment). Section 3.4 of the Purchase
Agreement is hereby amended and restated in its entirety to read as follows:

	 	 	 	“3.4 Inventory Payment.

(a) The aggregate purchase price to be paid by Buyer at Closing in
consideration for the Purchased Inventory (the “Inventory Price”) shall be an amount
equal to TWO MILLION DOLLARS ($2,000,000).

(b) Sellers and Buyer agree that the Inventory Price shall be allocated among
the volumes of (i) generic additives, (ii) other chemicals and (iii) refined
petroleum products purchased by Buyer Designee as of the Effective Time. Sellers and
Buyer shall mutually prepare within three (3) Business Days after the Closing Date a
schedule setting forth an allocation of the Inventory Price among the Purchased
Inventory in accordance with the Inventory Procedures.

	 	6.	 	Section 3.6(a)(iii) (Assumption of Liabilities). Section 3.6(a)(iii)
of the Purchase Agreement is hereby deleted in its entirety.
	 
	 	7.	 	Section 4.2 (Possession and Control). Section 4.2 of the Purchase
Agreement is hereby amended and restated in its entirety to read as follows:

“4.2 Possession and Control. Control of operation, risk of loss, and transfer of title
to the Purchased Property from Sellers to Buyer shall be effective as of 11:59:59 p.m.
Central Time on the Closing Date (the “Effective Time”).”

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	 	8.	 	Section 5.2 (Sellers’ Deliveries). Sections 5.2(c) and
5.2(q) of the Purchase Agreement are hereby deleted in their entirety.
	 
	 	9.	 	Section 5.3(c) (Buyer’s Deliveries). Section 5.3(c) of the Purchase
Agreement shall be deleted in its entirety.
	 
	 	10.	 	Section 6.2 (Purchase Price Allocation). The following amendments shall be
made to Section 6.2 of the Purchase Agreement:

	 	a.	 	The phrase “, at least three (3) days prior to the Closing Date,” in
the first sentence of Section 6.2 of the Purchase Agreement is hereby
amended and replaced by the phrase “, on or before September 30, 2006,”.
	 
	 	b.	 	The phrase “(including the assets held by Pride Products)” in the
fourth and sixth lines of Section 6.2 of the Purchase Agreement is hereby
deleted.

	 	11.	 	Section 8.1 (Cooperation). The phrase “the Purchased Property, the Business
or Pride Products” in the third and sixth lines of Section 8.1 of the Purchase
Agreement is hereby amended and replaced in each instance with the phrase “the Purchased
Property or the Business.”
	 
	 	12.	 	Section 8.3 (Income Taxes). The second and third sentences of Section
8.3 of the Purchase Agreement are hereby deleted in their entirety.
	 
	 	13.	 	Section 8.7 (Other Taxes). The phrase “the Business, Pride Products and the
Purchased Property” in the second and third lines of Section 8.7 of the Purchase
Agreement is hereby amended and replaced in each instance with the phrase “the Business
and Purchased Property.”
	 
	 	14.	 	Section 9.2 (Organization). Section 9.2 of the Purchase Agreement is
hereby amended to add a new subparagraph 9.2(d) as follows:

“(d) Pride Products is a general partnership, duly organized and validly existing
under the Laws of the State of Texas and is duly qualified to carry on business in the
State of Texas.”

	 	15.	 	Section 9.7 (Taxes). The following phrases are hereby deleted from
Section 9.7 of the Purchase Agreement:

	 	a.	 	Line 2: “or the assets of Pride Products”;
	 
	 	b.	 	Line 4: “, Pride Products”;
	 
	 	c.	 	Line 6: “or the assets of Pride Products” and “, Pride Products”;
	 
	 	d.	 	Lines 10 and 11: “, Pride Products”;

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	 	e.	 	Line 16: “or Pride Products”;
	 
	 	f.	 	Lines 18 and 19: “nor any liability of Pride Products”;
	 
	 	g.	 	Line 24: “or Pride Products”;
	 
	 	h.	 	Lines 27 and 28: “Other than the Partnership Interests,” and “nor any
asset held by Pride Products”;
	 
	 	i.	 	Line 30: “or the assets held by Pride Products”; and
	 
	 	j.	 	Line 32 and 33: “Pride Products is, and at all times prior to the
Closing has been since its formation, classified as a disregarded entity for U.S.
federal tax purposes.”

	 	16.	 	Section 9.10 (Legal Proceedings). Section 9.10 of the Purchase
Agreement is hereby amended to delete the phrase “or Pride Products” in the second and
seventh lines thereof.
	 
	 	17.	 	Section 9.13 (No Breach, Conflict). Section 9.10 of the Purchase
Agreement is hereby amended to delete the phrase “or Pride Products” in the eighth, ninth
and tenth lines thereof, and to delete the phrase “, Pride Products” in the eleventh line
thereof.
	 
	 	18.	 	Section 9.17 (Commitments). Section 9.17 of the Purchase Agreement
is hereby amended to delete the phrase “, Pride Products” in the second and third lines
thereof.
	 
	 	19.	 	Section 9.18 (Environmental Matters). Section 9.18 of the Purchase
Agreement is hereby amended as follows:

	 	a.	 	Subparagraph 9.18(b): delete the phrase “and Pride Products” in the
second line thereof;
	 
	 	b.	 	Subparagraph 9.18(c): delete the phrase “and Pride Products” in the
third line thereof;
	 
	 	c.	 	Subparagraph 9.18(d): delete the phrase “or Pride Products” in the
first line thereof;
	 
	 	d.	 	Subparagraph 9.18(e): delete the phrase “or Pride Products” in the
third and fifth lines thereof;
	 
	 	e.	 	Subparagraph 9.18(i): delete the phrase “and Pride Products” in the
first line thereof; and
	 
	 	f.	 	Subparagraph 9.18(k) is hereby deleted in its entirety.

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	 	20.	 	Section 9.19 (Pride Products). Section 9.19 of the Purchase
Agreement is hereby deleted in its entirety, and is replaced with the following: “Section
9.19 [INTENTIONALLY OMITTED].”
	 
	 	21.	 	Section 9.20 (Magellan Contract). Section 9.20 of the Purchase
Agreement is hereby amended as follows:

	 	a.	 	Subparagraph 9.20(e): at the end of the paragraph, add “, except as
shall have been consented to in writing by Magellan and its affiliates, as
applicable, as of the Closing.”
	 
	 	b.	 	Subparagraph 9.20(f): at the end of the paragraph, add “, except as
shall have been consented to in writing by Magellan and its affiliates, as
applicable, as of the Closing.”

	 	22.	 	Section 9.21 (Magellan Lease). Section 9.21 of the Purchase
Agreement is hereby amended as follows:

	 	a.	 	Subparagraph 9.21(e): at the end of the paragraph, add “, except as
shall have been consented to in writing by Magellan and its affiliates, as
applicable, as of the Closing.”
	 
	 	b.	 	Subparagraph 9.21(f): at the end of the paragraph, add “, except as
shall have been consented to in writing by Magellan and its affiliates, as
applicable, as of the Closing.”

	 	23.	 	Section 9.23 (Labor Relations). Section 9.23 of the Purchase
Agreement is hereby amended to delete the phrase “nor Pride Products” in the second
sentence thereof.
	 
	 	24.	 	Section 9.24(a) (Bankruptcy). Section 9.24(a) of the Purchase
Agreement is hereby amended to delete the phrase “or Pride Products” in the second line
thereof.
	 
	 	25.	 	Section 9.26 (Pipelines). Section 9.26 of the Purchase Agreement is
hereby amended as follows:

	 	a.	 	Subparagraph 9.26(c): delete the phrase “and Pride Products” in the
first line thereof and “or Pride products” in the second line thereof.
	 
	 	b.	 	Subparagraph 9.26(d): delete the phrase “or Pride Products” in the
second line thereof.
	 
	 	c.	 	Add a new Subparagraph 9.26(e) as follows:

“(e) To Seller’s Knowledge and except as would not, individually or in the
aggregate, have a Material Adverse Effect on the Purchased Property or the
Business:

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	 	(i)	 	no default or event of default has occurred under any
of the Pipeline Contracts which is continuing, including any default or
event of default arising out of a transfer of title to the Pipelines or
the transfer of rights under the Pipeline Contracts, and
	 
	 	(ii)	 	substantially all of the Pipeline Contracts (A) are
assignable, (B) contain no unusual or unduly burdensome covenants or
restrictions or provisions for the forfeiture thereof which materially and
adversely affect the intended use of the Pipeline and (C)except for
easements or permits pertaining to government owned property, provide for
the continuation thereof so long as the Pipelines are used as a pipeline
system without any further condition on such continuation.”

	 	26.	 	Section 14.1 (Sellers’ Indemnification Obligations). Section 14.1 of
the Purchase Agreement is hereby amended to delete the phrase “(including Pride Products
after the Closing)” in the third line thereof.
	 
	 	27.	 	Section 14.2(c) (Limitations on Sellers’ Indemnity Obligations. Section
14.2(c) of the Purchase Agreement is hereby amended to delete the language “or 9.20(e)
or” in the ninth line thereof and replace it with “, 9.20(e) or 9.21(e) or.”).
	 
	 	28.	 	Section 15.1 (Buyer’s Indemnity Obligations). Section 15.1 of the
Purchase Agreement is hereby amended to delete the phrase “(excluding Pride Products after
the Closing)” in the second and third lines thereof.
	 
	 	29.	 	Section 15.1(b) (Buyer’s Indemnity Obligations). Section 15.1(b) of
the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

"(b) any breach of any covenant or agreement of Buyer, Buyer Designee or any of
Buyer’s Affiliates contained in this Agreement or any Related Agreement;”

	 	30.	 	Section 19.4(a) (License of Trademarks). The phrase “the names ‘Pride,’
‘Pride,’ ‘Pride Companies,’ ‘Pride Refining,’ ‘Pride Marketing,’ and any” in the second
line of Section 19.4(a) of the Purchase Agreement is hereby amended and replaced
with the phrase “the names ‘Pride,’ ‘Pride Companies,’ ‘Pride Refining,’ ‘Pride
Marketing,’ ‘Pride Products,’ and any.”

PURCHASE AGREEMENT DEFINITIONS

	 	31.	 	The definition of “Partnership Interests” in Annex A is hereby deleted in its
entirety.

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	 	32.	 	The following definition of “Pipeline Contracts” is inserted into Annex A in proper
alphabetical order:

"Pipeline Contracts” means all of Sellers’ rights, titles, interests and estates
(including all rights to receive payments) under or by virtue of all agreements,
leases, easements, permits, licenses, rights-of-way, warranties, guarantees,
undertakings, commitments, understandings, arrangements, servitudes and interests
therein or rights thereunder relating or pertaining to, or utilized in connection with,
the lease or ownership of the Pipelines.”

PURCHASE AGREEMENT SCHEDULES

	 	33.	 	Schedule 2.1(j) (Assigned Contracts). Schedule 2.1(j) to the
Purchase Agreement is hereby amended and replaced in its entirety by Schedule
2.1(j) attached to this First Amendment.
	 
	 	34.	 	Schedule 9.12(a) (Sellers’ Consents and Waivers). Schedule 9.12(a)
to the Purchase Agreement is hereby amended and replaced in its entirety by Schedule
9.12(a) attached to this First Amendment.
	 
	 	35.	 	Schedule 9.19(e) (Pride Products). Schedule 9.19(e) to the Purchase
Agreement is hereby deleted in its entirety.

PURCHASE AGREEMENT EXHIBITS

	 	36.	 	Exhibit 5.2(q) (Opinion of Counsel). Exhibit 5.2(q) to the Purchase
Agreement is hereby deleted in its entirety.

MISCELLANEOUS

	 	37.	 	Each reference herein to the Purchase Agreement shall, unless the context otherwise
requires, mean the Purchase Agreement as amended by this First Amendment.
	 
	 	38.	 	The Purchase Agreement, as amended by this First Amendment, is in all respects
ratified, approved and confirmed.
	 
	 	39.	 	This First Amendment shall be governed by all of the provisions of the Purchase
Agreement, unless the context otherwise requires, including all

First Amendment to Purchase Agreement

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provisions concerning construction, enforcement, governing law and arbitration.

	 	40.	 	This First Amendment may be executed in counterparts, each of which shall be deemed
an original but all of which together will constitute one and the same instrument.

[signature page follows]

First Amendment to Purchase Agreement

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

	 	 	 	 	 
	 	SELLERS:

PRIDE COMPANIES, L.P.

 	 
	 	By:  	Pride Refining, Inc., its general parter
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         /s/ Brad Stephens
 	 
	 	 	Brad Stephens 	 
	 	 	Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         Pride SGP, Inc., its general partner
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                          /s/ Brad Stephens
 	 
	 	 	Brad Stephens 	 
	 	 	Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	PRIDE REFINING, INC.

 	 
	 	By:  	/s/ Brad Stephens
 	 
	 	 	Brad Stephens 	 
	 	 	Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	PRIDE PRODUCTS

 	 
	 	By:  	Pride Companies, L.P., its general partner
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         Pride Refining, Inc., its general partner
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         /s/ Brad Stephens
 	 
	 	 	Brad Stephens 	 
	 	 	Chief Executive Officer 	 
	 

Signature Page to

First Amendment to Purchase Agreement

 

 

	 	 	 	 	 
	 	PRIDE MARKETING, LLC

 	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         Pride Companies, L.P., its sole member
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         Pride Refining, Inc., its general partner
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         /s/ Brad Stephens
 	 
	 	 	Brad Stephens 	 
	 	 	Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         Pride SGP, Inc., its general partner
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                         /s/ Brad Stephens
 	 
	 	 	Brad Stephens 	 
	 	 	Chief Executive Officer 	 
	 

Signature Page to

First Amendment to Purchase Agreement

 

 

	 	 	 	 	 
	 	DELEK MARKETING & SUPPLY, LP

 	 
	 	By:  	Delek Marketing GP, LLC, its general partner
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Uzi Yemin
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Assi Ginzburg
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to

First Amendment to Purchase Agreement

 

 

	 	 	 	 	 
	 	DELEK US HOLDINGS, INC.

 	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Uzi Yemin
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Assi Ginzburg
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to

First Amendment to Purchase AgreementEx-10.3

 

Exhibit 10.3

FIFTH AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

          FIFTH AMENDMENT, dated as of June 14, 2006 (this “Amendment”) to the AMENDED AND
RESTATED CREDIT AGREEMENT, dated as of April 28, 2005 (as amended by the First Amendment, dated as
of August 18, 2005, the Second Amendment, dated as of October 11, 2005, the Third Amendment, dated
as of December 15, 2005, the Fourth Amendment, dated as of April 18, 2006, and as further amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among MAPCO
EXPRESS, INC., a Delaware corporation (the “Borrower”), the several banks and other
financial institutions or entities from time to time parties to the Credit Agreement (the
“Lenders”), LEHMAN BROTHERS INC., as advisor, sole lead arranger and sole bookrunner (in
such capacity, the “Arranger”), SUNTRUST BANK, as syndication agent (in such capacity, the
“Syndication Agent”), BANK LEUMI USA, as co-administrative agent (in such capacity, the
“Co-Administrative Agent”), and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in
such capacity, the “Administrative Agent”).

W I T N E S S E T H:

          WHEREAS, the Borrower intends to acquire (the “FAST Acquisition”) certain convenience
stores and related assets, including 30 fee owned parcels and 13 leasehold parcels located in
southeastern Tennessee and northern Georgia pursuant to a purchase agreement (the “FAST
Acquisition Agreement”) to be entered into by the Borrower and the sellers party thereto for an
aggregate purchase price not exceeding $56,700,000 (the “FAST Purchase Price”);

          WHEREAS, to finance the FAST Purchase Price and the related fees and expenses, the Borrower
intends to issue a promissory note in the amount of up to $32,000,000 in favor of Delek US
Holdings, Inc., a Delaware corporation (“Holdings”) (the “FAST Acquisition Note”),
which shall be subject to a subordination agreement, substantially in the form of Exhibit D, with
the remainder of the FAST Purchase Price to be in the form of a cash capital contribution from
Holdings to the Borrower;

          WHEREAS, the Borrower requested the Lenders make certain amendments to the Credit Agreement to
permit the FAST Acquisition and the FAST Acquisition Note on the terms and subject to the
conditions set forth herein; and

          WHEREAS, the Lenders have agreed to make such amendments solely upon the terms and conditions
provided for in this Amendment;

          NOW, THEREFORE, in consideration of the premises herein contained and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as
follows:

          1. Defined Terms. Unless otherwise noted herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

 

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          2. Amendments to Section 1.1 of the Credit Agreement (Defined Terms). (a) Section
1.1 of the Credit Agreement is hereby amended by inserting the following sentence at the end of the
definition of “Capital Expenditures”: “Notwithstanding anything to the contrary contained herein,
“Capital Expenditures” shall not include the payment of the FAST Purchase Price by the Borrower as
consideration for the FAST Acquisition.”

     (b) Section 1.1 of the Credit Agreement is hereby further amended by amending the
definition of “Consolidated EBITDA” as follows:

     (i) by deleting the word “and” at the end of paragraph (viii); and

     (ii) by deleting the “.” at the end of paragraph (ix) and substituting in lieu thereof
the following “; and”; and

     (iii) by adding the following new paragraph in the appropriate order:

     “(x) solely for the purpose of determining Consolidated EBITDA for the following
periods, Consolidated EBITDA shall, without duplication, be increased as a result of the
FAST Acquisition by amounts deemed attributable to the assets acquired in the FAST
Acquisition: (w) for the four fiscal quarters ended June 30, 2006 by an amount equal to
$5,916,000, (x) for the four fiscal quarters ended September 30, 2006 by an amount equal to
$4,437,000, (y) for the four fiscal quarters ended December 31, 2006 by an amount equal to
$2,958,000 and (z) for the four fiscal quarters ended March 31, 2007 by an amount equal to
$1,479,000.”

     (c) Section 1.1 of the Credit Agreement is hereby further amended by inserting
immediately following the words “MFC Intercompany Debt” in the definition of “Indebtedness”
the words “and the FAST Acquisition Note”.

     (d) Section 1.1 of the Credit Agreement is hereby further amended by deleting the
definition of “Subordination Agreement” in its entirety and substituting in lieu thereof the
following:

     “Subordination Agreement”: the Amended and Restated Debt Subordination
Agreement, dated as of April 28, 2005, among Holdings, the Borrower and the Administrative
Agent, as the same may be amended, supplemented or otherwise modified from time to time in
accordance with the Fifth Amendment and Section 7.15.”

     (e) Section 1.1 of the Credit Agreement is hereby further amended by inserting the
following new definitions in the appropriate alphabetical order:

          “FAST Acquisition”: as defined in the Fifth Amendment.

          “FAST Acquisition Agreement”: as defined in the Fifth Amendment.

          “FAST Acquisition Documentation”: collectively, the FAST Acquisition Agreement
and all schedules, exhibits, annexes and amendments thereto and all side letters and
agreements affecting the terms thereof or entered into in connection therewith.

 

 

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          “FAST Acquisition Note”: as defined in the Fifth Amendment.

          “FAST Subordination Agreement”: the FAST Debt Subordination Agreement to be
executed and delivered by Holdings, the Borrower and the Administrative Agent, substantially
in the form of Exhibit D to the Fifth Amendment.

          “FAST Subordinated Debt Documentation”: the documentation evidencing the
subordinated Indebtedness of the Borrower to Holdings described in Section 7.2(i),
including, without limitation, the FAST Subordination Agreement, as amended, supplemented or
otherwise modified from time to time in accordance with Section 7.15.

          “Fifth Amendment”: the Fifth Amendment to this Agreement, dated as of June 14,
2006.

          “Fifth Amendment Effective Date”: the Fifth Amendment Effective Date as
defined in Section 11 of the Fifth Amendment, which date is June 14, 2006.

          3. Amendment to Section 2.10 of the Credit Agreement (Mandatory Prepayments). Section
2.10(a) of the Credit Agreement is hereby amended by inserting immediately following the words
“excluding any Indebtedness incurred in accordance with Section 7.2 as in effect on the date of
this Agreement” in the first parenthetical thereof, the words “and any Indebtedness of the Borrower
in favor of Holdings which is subject to the Subordination Agreement or the FAST Subordination
Agreement”.

          4. Amendment to Section 7.2 of the Credit Agreement (Limitation on Indebtedness).
Section 7.2 of the Credit Agreement is hereby amended by (i) deleting the word “and” at the end of
Section 7.2(g), (ii) deleting the “.” at the end of Section 7.2(h) and substituting in lieu thereof
the following “; and”, and (iii) inserting the following new Section 7.2(i) in the appropriate
order:

          “(i) unsecured Indebtedness of the Borrower to Holdings pursuant to the FAST
Acquisition Note, provided that, such Indebtedness (i) is fully subordinated to the
Obligations pursuant to the FAST Subordination Agreement, (ii) does not require a cash
payment of principal or interest prior to the date that is 90 days after the final maturity
of the Term Loans, and (iii) the final maturity of such Indebtedness is not earlier than the
date that is 90 days after the final maturity of the Term Loans, and, provided
further, that, notwithstanding the foregoing, it is understood and agreed that the
outstanding principal amount of the FAST Acquisition Note may be repaid in full, together
with any interest due and payable thereon, at any time with the proceeds of any Incremental
Loans and/or the proceeds of any Revolving Credit Loans following an increase of the
Revolving Credit Commitments in accordance with Section 2.26, which
Incremental Loans and/or increase in Revolving Credit Commitment shall be in an
aggregate amount equal to $50,000,000.”

          5. Amendment to Section 7.8 of the Credit Agreement (Limitation on Investments).
Section 7.8 is hereby amended by (i) deleting the word “and” at the end of

 

 

4

          Section 7.8(g), (ii)
deleting the period at the end of Section 7.8(h) and substituting in lieu thereof the word “; and”
and (iii) inserting in the appropriate order the following new Section 7.8(i):

     “(i) the FAST Acquisition may be consummated on or after the Fifth Amendment Effective
Date, provided that, the FAST Purchase Price does not exceed $56,700,000 and the
Borrower has received the proceeds of a cash capital contribution from Holdings of not less
than $23,000,000.”

          6. Amendment to Section 7.9 of the Credit Agreement (Limitation on Transactions with
Affiliates). Section 7.9 of the Credit Agreement is hereby amended by inserting the following
clause at the end of such Section: “, except for the FAST Acquisition Note representing
Indebtedness permitted by Section 7.2(i).”

          7. Amendment to Section 7.15 of the Credit Agreement (Limitation on Amendments to Other
Documents). Section 7.15 of the Credit Agreement is hereby amended by deleting such Section in
its entirety and substituting in lieu thereof the following new Section 7.15:

          “7.15 Limitation on Amendments to Other Documents. (a) Amend, supplement or
otherwise modify (pursuant to a waiver or otherwise) the terms and conditions of the La
Gloria Management Agreement, if applicable, in any manner that would decrease the amounts
payable to MAPCO Express thereunder or to provide that such amounts shall be payable on a
subordinated basis to the La Gloria Credit Facility, (b) amend, supplement or otherwise
modify (pursuant to a waiver or otherwise) the terms and conditions of the Tax Sharing
Agreement in any manner that would increase the amounts payable by the Borrowers thereunder,
(c) amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and
conditions of the Subordinated Debt Documentation or the FAST Subordinated Debt
Documentation in any manner that would adversely affect the application thereto of the
subordination provisions set forth therein or in any subordination agreement related
thereto, except with respect to the FAST Subordinated Debt Documentation; to the extent
permitted by Section 7.2(i), or (d) otherwise amend, supplement or otherwise modify the
terms and conditions of the La Gloria Management Agreement, if applicable, the Tax Sharing
Agreement, the Subordinated Debt Documentation or the FAST Subordinated Debt Documentation,
except to the extent that any such amendment, supplement or modification could not
reasonably be expected to have a Material Adverse Effect.”

          8. Amendments to Section 7 of the Credit Agreement (Negative Covenants). Section 7 of
the Credit Agreement is hereby amended by inserting the following new Section 7.19 in the
appropriate numerical order:

          “7.19 Limitation on Amendments to the FAST Acquisition Documentation. (a)
Amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and
conditions of the indemnities and licenses furnished to the Borrower or any of its
Subsidiaries pursuant to the FAST Acquisition Documentation such that after giving effect
thereto such indemnities or licenses shall be materially less favorable to the interests of
the Loan Parties or the Lenders with respect thereto or (b) otherwise amend,

 

 

5

supplement or
otherwise modify the terms and conditions of the FAST Acquisition Documentation except to
the extent that any such amendment, supplement or modification could not reasonably be
expected to have a Material Adverse Effect.”

          9. Amendment to Section 8 of the Credit Agreement (Events of Default). Section 8 of
the Credit Agreement is hereby amended by (i) inserting the word “and” at the end of Section 8(l)
and (ii) inserting the following new Section 8(m) in the appropriate order:

     “(m) the FAST Acquisition Note shall cease, for any reason, to be validly subordinated
to the Obligations, as provided in the FAST Subordination Agreement, or any Loan Party or
any Affiliate of any Loan Party shall so assert;”

          10. Consent to the Amendment and Restatement of the Subordination Agreement. The
Lenders hereby consent to the amendment and restatement of the Subordination Agreement in the form
of Exhibit C attached hereto solely in connection with the consummation of the FAST Acquisition.

          11. Conditions to Effectiveness. This Amendment shall become effective upon the date
(the “Fifth Amendment Effective Date”) on which the following conditions have been
satisfied:

     (a) Amendment. The Administrative Agent shall have received this Amendment,
executed and delivered by a duly authorized officer of the Borrower.

     (b) Acknowledgment and Consent. The Administrative Agent shall have received
an Acknowledgment and Consent, substantially in the form of Exhibit A attached hereto, duly
executed and delivered by each Guarantor.

     (c) Lender Consent Letter. A Lender Consent Letter, substantially in the form
of Exhibit B attached hereto (a “Lender Consent Letter”), duly executed and
delivered by the Required Lenders, and, solely for the purpose of Section 3, the Required
Prepayment Lenders.

     (d) Environmental Matters. The Lenders shall have received a satisfactory
environmental review with respect to the fee owned parcels and leasehold parcels to be
acquired in the FAST Acquisition.

     (e) Fees, etc. The Administrative Agent shall have received all fees required
to be paid, and all expenses for which invoices have been presented supported by customary
documentation (including reasonable fees, disbursements and other charges of counsel to the
Administrative Agent), on or before the Fifth Amendment Effective Date.

          12. Representations and Warranties. The Borrowers hereby represent and warrant to the
Administrative Agent and each Lender that (before and after giving effect to this Amendment):

     (a) Each Loan Party has the corporate power and authority, and the legal right, to
make, deliver and perform this Amendment and the Acknowledgment and

 

 

6

Consent (the
“Amendment Documents”) to which it is a party. Each Loan Party has taken all
necessary corporate or other action to authorize the execution, delivery and performance of
the Amendment Documents to which it is a party. No consent or authorization of, filing
with, notice to or other act by or in respect of, any Governmental Authority or any other
Person is required in connection with the Amendment Documents or the execution, delivery,
performance, validity or enforceability of this Amendment or the Acknowledgment and Consent,
except (i) consents, authorizations, filings and notices which have been obtained or made
and are in full force and effect and (ii) the filings referred to in Section 4.19 of the
Credit Agreement. Each Amendment Document has been duly executed and delivered on behalf of
each Loan Party that is a party thereto. Each Amendment Document and the Amended Credit
Agreement constitutes a legal, valid and binding obligation of each Loan Party that is a
party thereto, enforceable against each such Loan Party in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings in equity or at
law).

     (b) The execution, delivery and performance of the Amendment Documents and the use of
the proceeds thereof will not violate any Requirement of Law or any Contractual Obligation
of the Borrower or any of its Subsidiaries and will not result in, or require, the creation
or imposition of any Lien on any of their respective properties or revenues pursuant to any
Requirement of Law or any such Contractual Obligation (other than the Liens created by the
Security Documents).

     (c) Each of the representations and warranties made by any Loan Party herein or in or
pursuant to the Loan Documents is true and correct in all material respects on and as of the
Fifth Amendment Effective Date as if made on and as of such date (except that any
representation or warranty which by its terms is made as of an earlier date shall be true
and correct in all material respects as of such earlier date).

     (d) The Borrower and the other Loan Parties have performed in all material respects all
agreements and satisfied all conditions which this Amendment and the other Loan Documents
provide shall be performed or satisfied by the Borrower or the other Loan Parties on or
before the Fifth Amendment Effective Date.

     (e) After giving effect to this Amendment, no Default or Event of Default has occurred
and is continuing, or will result from the consummation of the transactions contemplated by
this Amendment.

          13. Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative
Agent for all of its reasonable out-of-pocket costs and expenses incurred in
connection with this Amendment, any other documents prepared in connection herewith and the
transactions contemplated hereby, including, without limitation, the reasonable fees and
disbursements of counsel to the Administrative Agent.

          14. Limited Effect. Except as expressly provided hereby, all of the terms and
provisions of the Credit Agreement and the other Loan Documents are and shall remain in full

 

 

7

force
and effect. The amendments contained herein shall not be construed as a waiver or amendment of any
other provision of the Credit Agreement or the other Loan Documents or for any purpose except as
expressly set forth herein or a consent to any further or future action on the part of the Borrower
that would require the waiver or consent of the Administrative Agent or the Lenders.

          15. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          16. Miscellaneous. (a) This Amendment may be executed by one or more of the parties
to this Agreement on any number of separate counterparts, and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. A set of the copies of this
Amendment and the Lender Consent Letters signed by all the parties shall be lodged with the
Borrower and the Administrative Agent. This Amendment may be delivered by facsimile transmission
of the relevant signature pages hereof.

          (b) The execution and delivery of the Lender Consent Letter by any Lender shall be binding
upon each of its successors and assigns (including assignees of its Loans in whole or in part prior
to effectiveness hereof).

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective proper and duly authorized officers as of the day and year first
above written.

	 	 	 	 	 
	 	MAPCO EXPRESS, INC.

 	 
	 	By:  	/s/  Tony McLarty
 	 
	 	 	Name:  	Tony McLarty 	 
	 	 	Title:  	VP Human Resources 	 
	 
	 	 	 
	 	By:  	                                             /s/ Paul Pierce
 	 
	 	 	Name:  	Paul Pierce 	 
	 	 	Title:  	VP Marketing 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LEHMAN COMMERCIAL PAPER INC., as Administrative Agent

 	 
	 	By:  	/s/ Ritam Bhalla
 	 
	 	 	Name:  	Ritam Bhalla 	 
	 	 	Title:  	Authorized Signatory

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