Document:

Exhibit

Certain information has been redacted from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

Exhibit 10.1

REDACTED VERSION

FIRST AMENDMENT TO
DISTRIBUTOR MOTOR FUEL AGREEMENT

THIS FIRST AMENDMENT TO DISTRIBUTOR MOTOR FUEL AGREEMENT is dated as of March 29, 2019 (this “Amendment”) and amends that certain the Distributor Motor Fuel Agreement dated as of January 23, 2018 (the “Agreement”), by and between Sunoco, LLC ("Company"), and 7-Eleven, Inc. and SEI Fuel Services, Inc. (collectively, "Distributor").
Background:
A.    The Parties wish to enter into this Amendment to amend and modify the Agreement, as more particularly provided herein.
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Agreement as follows:
1.    Waiver of Make-Up Payment.  The Parties have agreed that any Make-Up Payment otherwise due from Distributor to Company for the first Contract Year shall be waived.  The difference between the Expected Annual Supply Margin for the first Contract Year and the actual Annual Supply Margin attained for the first Contract Year shall be added (as, and not in addition to, the Shortfall amount) to the Expected Annual Supply Margin for the second Contract Year as of April 1, 2019.  The Parties agree to work together to find the means to ramp up growth volume in the second Contract Year to a level sufficient to avoid having Make-Up Payments in the future.
2.    Bulk Sales of Fuel.  The Parties agree that to help Distributor satisfy its Expected Annual Supply Margin obligations pursuant to this Agreement, Distributor may elect to purchase motor fuel in bulk from Company at Company’s cost plus [***] (the “Bulk Volume”).  Bulk Volume purchased during this period shall be applied to Distributor’s Expected Annual Supply Margin obligations for the Contract Year in which the purchases occur.  Volumes, locations, and timing requested of Bulk Volume purchases by Distributor will be evaluated by Company and approved in Company’s commercially reasonable discretion.  Upon the agreement by Company and Distributor with respect to timing, location and volumes of Bulk Volume purchases, Distributor commits to purchasing the Bulk Volume that has been nominated.  Company’s general terms and conditions applicable to bulk fuel sales will apply for all purchases of Bulk Volume hereunder unless the Parties agree otherwise in writing.    
3.    Expected Annual Supply Margins.  Section 1.6(b) of the Agreement is hereby amended to provide that (a) for the second Contract Year, the Expected Annual Supply Margin shall [***], (b) for the third Contract Year and for each Contract Year thereafter, the Expected Annual Supply Margin shall be [***].    
4.    Additional Locations.  Section 1.9(b) of the Agreement is hereby amended to add the followings sentences at the end of such section:  
“Notwithstanding the foregoing, Distributor may add an unlimited number of additional Locations (the “Additional Locations”) with the consent of Company, which consent shall not be unreasonably withheld, conditioned or delayed and may only be withheld if (A) such Additional Location will create a potential conflict with any other existing Company supplied retail gasoline station, or (B) Company is unable to supply such proposed Additional Location on a commercially reasonable basis.  All Additional Locations will have a Supply Margin of [***] per gallon.  The addition of any Additional Locations will not increase the Expected Annual Supply Margin of [***] attributable to the Base Locations (as such amount is adjusted in accordance with this Agreement).”
5.    Transportation Services Agreement.  The Parties agree that, by July 1, 2019, the Transportation Agreement dated as of January 23, 2018, between Distributor and Sunoco Retail LLC, an affiliate of Company, shall be amended to [***].
6.    No Other Changes.
  Except as expressly provided herein, the Agreement is not amended, modified or otherwise affected by this Amendment, and the Agreement and the rights and obligations of the parties thereunder, as amended hereby, are hereby ratified and confirmed in all respects.

7.    Governing Law.
  This Amendment shall be governed by and construed and enforced in accordance with the laws of the State of Texas, excluding conflict of law rules and principles. 
8.    Counterparts.
  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall collectively constitute one and the same instrument. Execution and delivery of this Amendment by delivery of a facsimile or electronic copy bearing the facsimile signature of a party shall constitute a valid and binding execution and delivery of this Amendment by such party. Such facsimile copies shall constitute enforceable original documents.
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first written above.

DISTRIBUTOR:      

7-ELEVEN, INC.                     SEI FUEL SERVICES, INC.

            

By:    /s/Marc Clough_____________            By:    /s/Marc Clough___________

Title:    Vice President______________            Title:    President________________

COMPANY:          

SUNOCO, LLC 

        
By:    /s/ Karl Fails_______________
Presidentatnx-ex10311_795.htm

Exhibit 10.31.1

 

FIRST AMENDMENT 

TO THE 

AGREEMENT

THIS FIRST AMENDMENT TO THE AGREEMENT  (the “First Amendment”) effective as of March 27, 2018, (the “First Amendment Effective Date”), is by and between Athenex, Inc., a(n) New York Company/Corporation/Sole Proprietor/LLC, having an address at Conventus Building, 1001 Main Street, Suite 600, Buffalo NY 14023 (hereinafter referred to as “Owner”) and M+W U.S., Inc., a Delaware Corporation, having an address at 201 Fuller Road, Suite 401, Albany, New York 12203, (hereinafter referred to as “M+W”).  Capitalized terms used and not otherwise defined herein shall have the meaning set forth in the AGREEMENT (as defined below).

RECITALS:

Whereas Owner and M+W entered into that certain Agreement, between M+W U.S., Inc. and Owner, (collectively the “parties”), dated 29 December, 2017 (the “Original Agreement”).

Whereas, Owner and M+W desire to further supplement and amend the Original Agreement, including all previous Amendments, if any, on the terms and conditions set forth herein.  

Whereas, the Original Agreement executed by the parties is in the form of AIA A141 (the “Form”). The Form is structured to allow for Preliminary Design to be accomplished and then, by using such Preliminary Design documents approved by the Owner, establish a Guaranteed Maximum Price (GMP) for the overall Contract Sum. The Form is structured to memorialize such GMP in AIA A141 Exhibit A, (called the ‘Amendment’)

Whereas, the Original Agreement requires the parties agree to a GMP prior to continuing on with the execution of the remainder of the Work, specifically the:

	
 
	
a.
	
Detailed design; and

	
 
	
b.
	
Construction (including procurement of Long Lead Materials and Equipment).

Whereas, the parties agree that “Phase I of the Work” of the Original Agreement (§1.1.6.1) and “Phase II of the Work” (BOD) (§1.1.6.2.2), have both been properly performed.  

Whereas, the parties agree that they will not be prepared to agree to a GMP by February 28, 2018 as contemplated by the Original Agreement 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Owner and M+W agree that the Original Agreement shall be further amended as of the First Amendment Effective Date as follows which shall supersede the Original Agreement as stated herein:

	
 
	
1)
	
The parties have agreed to extend the targeted date of executing Exhibit A of the Form to a date which is mutually agreed and reasonably appropriate for the progress of the Project. 

	
 
	
2)
	
The parties agree that, for the avoidance of doubt, and the Substantial Completion Date is as originally agreed, and remains December 31, 2019;

 

 

 

 

	
 
	
3)
	
The parties agrees that the existing §14.1.11 shall be DELETED in its entirety and REPLACED with the following:

 “§ 14.1.11  In order to recover liquidated damages, the Owner is under no obligation to prove the actual damages sustained by the Owner due to the Design-Builder’s delay in performance.   The parties agree that liquidated damages shall be computed as follows for each and every day that completion of the Work shall be delayed beyond the date of the Date of Substantial Completion (as may have been adjusted during the course of the Project by Change Order).  For the first thirty (30) days after the Date of Substantial Completion, Design Builder shall owe the Owner no liquidated damages for every day past the Date of Substantial Completion for the Project (as it may have been adjusted by Change Order). Design Builder shall owe the Owner liquidated damages in the amount of $2,500 per day for every day the Design-Builder fails to achieve Substantial Completion per the schedule for Project (as it may have been adjusted by Change Order)for the thirty-first (31st) through ninetieth (90th) day of said failure.   The Design-Builder shall owe the Owner liquidated damages in the amount of $5,000 per day for failure to achieve Substantial Completion within ninety-one (91) to one hundred fifty (150) days of the contractually required date of Substantial Completion (as it may have been adjusted by Change Order).   Any failure of the Design-Builder to achieve Substantial Completion (as it may have been adjusted by Change Order) pursuant to the Project schedule after one hundred fifty (150) days shall result in liquidated damages of $7,500 per day.”

	
 
	
4)
	
The parties agree that the conditional dates listed in §1.1.7.4 b), c), d) and e) shall be modified to read as follows:

“§1.1.7.4 b) placement of Electrical Switchgear Equipment order by 30 July, 2018;

  §1.1.7.4 c) delivery of Electrical Switchgear Equipment at the site by 22 March, 2019;

  §1.1.7.4 d) Letter of Intent for structural steel mill pricing - Issued by 19 March, 2018;

  §1.1.7.4 e) Commencement of the Phase III site work by 16 April, 2018.”

Failure to achieve any or all of the dates listed at no fault of Design Builder, the parties therein shall also further extend the agreed-to Substantial Completion Date on the stated day-for-day basis. Additional new dates shall trigger further extension of Substantial Completion Dates.

	
 
	
5)
	
The parties agrees that the existing §1.1.6.3 and  §1.1.6.4 shall be DELETED in their entirety:

and REPLACED with the following:

	
 
	
 “1.1.6.3 
	
Phase III A of the Work consists of; (amount of fund committed to by Owner and agreed to between the parties as of the Effective Date of this Amendment #1) and become part of the committed costs of the Original Agreement via this Amendment #1. Thus the total current committed cost to date by the Owner is as indicated in #7 below, which includes: 
	
 

	
 
	
a)
	
Owner Committed Funding that shall be compensated on a Cost of Work + Indirects (“CWI”) Basis up to a Not-To-Exceed (NTE) amount currently set as shown and described for the portion of the Work defined as Phase III A in AMND#1- Exhibit – 1.
	
 

	
 
	
b)
	
Minimum Owed Design-Builder’s Fee @ 2.5% of the Cost of Work ; 
	
 

	
 
	
c)
	
Services shall be progress-invoiced for payment on a monthly basis;

	
 
	
 “1.1.6.4 
	
Phase III B of the Work consists of the remainder of the Work described in the Design-Builder’s BOD Report for the remaining amount of the total amount of ($238,607,321), the GMP, (described in the Design-Builder’s letter dated 26 March, 2018 from Mr. Werner Greyling to Mr. Rich Nassar; including the savings and sharing described therein) but which additional scope is not identified in detail in AMND#1- Exhibit – 1 as part of Phase III A; The parties agree this final portion (i.e. Phase III B) of the scope, the schedule and the GMP for the Project shall be memorialized and agreed-to in Exhibit A (the Amendment) as originally planned.” 
	
 

	
 
	
 “1.1.6.5
	
Qualification and Validation is not included in Design-Builder’s estimated GMP.”
	
 

2

 

7) COMPENSATION – Adjustments to the Contract Sum  are as shown below: 

 

		
	
Original Agreement  Contract Sum
	
$  4,518,676.00

	
Authorized Change Orders as of Effective Date of this Amendment
	
$  0

	
Sub-Total
	
$  4,518,676.00

	
Total Adjustment(s) by Previous Amendment(s)
	
$  0

	
Sub-Total
	
$  4,518,676.00

	
Adjustment(s) by This Amendment
	
$  73,045,379.35

	
Total Contract Sum as of Effective Date of this Amendment # 1*
	
$  77,564,055.35

* NOTE: The Total Contract Sum shown here may be further adjusted by additional mutually agreed to Change Orders in accordance with the provisions of the Original Agreement between the parties, after the Effective Date of this Amendment. The parties each agree execution of this Amendment does not prohibit such further adjustments to the Contract Sum after the Effective Date of this Amendment.

 

IN WITNESS WHEREOF, Owner and M+W have entered into this First Amendment to the Original Agreement effective as of the First Amendment Effective Date indicated above.

 

Agreed and accepted by:

 

												
	
M+W U.S., Inc.
	
 
	
M+W U.S., Inc.
	
 
	
Athenex, Inc.
	
	
/s/ Werner Greyling
	
 
	
March 29, 2018
	
 
	
/s/ Rick Whitney
	
 
	
March 29, 2018
	
 
	
/s/ Richard Nassar
	
 
	
March 28, 2018

	
Signature
	
 
	
Date
	
 
	
Signature
	
 
	
Date
	
 
	
Signature
	
 
	
Date

	
 

Werner Greyling
	
 
	
 
	
 
	
Rick Whitney
	
 
	
 
	
 
	
Richard Nassar
	
 
	
 

	
Print Name
	
 
	
 
	
 
	
Print Name
	
 
	
 
	
 
	
Print Name
	
 
	
 

	
 

VP Operations
	
 
	
 
	
 
	
 

CEO
	
 
	
 
	
 
	
VP of Operations
	
 
	
 

	
Title (an authorized representative of M+W U.S., Inc.)
	
 
	
Title (an authorized representative of M+W U.S., Inc.)
	
 
	
Title  (an authorized representative of Owner)
	

 

1.Detail Design-March thru Oct 12 2018

AMND#1- Exhibit - 1

 

5/31/2018 R

Detail Design forward, providing design support of early procurement of process equipment and long lead mechanical /electrical equipment. Review shop drawings for early construction packages answer bidders questions. And completing DD to allow Bidding Activities for Construction

 

	
M+W Process & Overall Management
	
 
	
 
	
2,088,956.90
	
 

	
Genesis MEP & Architectural
	
 
	
 
	
2,218,318.00
	
 

	
Ryan Biggs – Structural
	
 
	
 
	
100,000.00
	
 

	
CPL – Complete Design
	
 
	
 
	
66,100.00
	
 

	
Process Automation – Automation/ I&C
	
 
	
 
	
372,928.00
	
 

	
M+W Printing, postage, Contingency
	
 
	
 
	
200,000.00
	
 

	
M+W Travel Allowance
	
 
	
 
	
102,120.00
	
 

	
Commissioning Support (DEFERED to AFTER OCT)
	
 
	
 
	
-
	
 

	
 
	
 
	
 
	
5,148,422.90
	
 

 

3

2.Construction Support Services from Design - March thru Oct 12 2018

 

Detail Design Team, providing design support of early procurement of process equipment and long lead mechanical /electrical equipment. Review shop drawings for early construction packages answer bidders questions. And submittal package reviews from DD to allow Bidding Activities for Construction

 

	
 
	
 
	
 
	
Bridging Amount
	
 
	
 
	
 
	
Full Allowance
	
 

	
M+W Process & Overall Management
	
 
	
 
	
102,213.15
	
 
	
 
	
 
	
681,421
	
 

	
Genesis MEP & Architectural
	
 
	
 
	
159,660.00
	
 
	
 
	
 
	
638,640
	
 

	
Ryan Biggs – Structural
	
 
	
 
	
75,000.00
	
 
	
 
	
 
	
100,000
	
 

	
CPL – Complete Design
	
 
	
 
	
131,100.00
	
 
	
 
	
 
	
131,100
	
 

	
Process Automation – Automation/ I&C
	
 
	
 
	
-
	
 
	
 
	
 
	
60,000
	
 

	
M+W Printing, postage, Contingency
	
 
	
 
	
25,000.00
	
 
	
 
	
 
	
92,900
	
 

	
M+W Travel Allowance
	
 
	
 
	
15,000.00
	
 
	
 
	
 
	
34,040
	
 

	
 
	
 
	
 
	
507,973.15
	
 
	
 
	
 
	
1,738,101
	
 

 

3,Construction Management Services               March thru Oct 12, 2018

 

Services provided for early procurement packages for Site,Steel,Foundations,Building Core/Shell, Process and Long Lead Mechanical/ Electrical Equipment,Construction Trailor Setup and Temporary Power Hookup. Construction Management Services, invoicing, team set up and site oversite.

 

 

	
The Pike Management Team manpower Labor Hours funding
	
 
	
Bridging Amount
	
 
	
 
	
Full Allowance
	
 

	
M+W Management Team manpower Labor Hours funding
	
 
	
 
	
1,378,417.82
	
 
	
 
	
 
	
3,061,360
	
 

	
General Conditions Allowance funding
	
 
	
 
	
1,563,882.18
	
 
	
 
	
 
	
5,873,509
	
 

	
General Items - $600K
	
 
	
 
	
600,000.00
	
 
	
 
	
 
	
2,900,000
	
 

	
 
	
 
	
 
	
3,542,300.00
	
 
	
 
	
 
	
11,834,869
	
 

 

 

4.Construction Commitments

 

	
Following Packages will need to be able to make financial Commitments:                  Values
	
 
	
Date / Commit
	
 
	
 
	
 
	
 

	
a) Temporary Construction Trailers Order, set up, utilities hook up - $400K
	
 
	
 
	
400,000.00
	
 
	
 
	
April 9, 2018
	
 

	
b) Temporary Power set up, hook ups w/ Single Source Elect Contractor - $160K
	
 
	
 
	
160,000.00
	
 
	
 
	
April 9, 2018
	
 

	
c) Site Development Activities Package
	
 
	
 
	
8,825,654.00
	
 
	
 
	
April 1, 2018
	
 

	
Div 31-$6,253,300; Div 32-$403,860; Div 33-$2,168,494
	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
d) Steel Procurement / Fabrication Package
	
 
	
 
	
10,480,139.00
	
 
	
 
	
March 16 2018
	
Div 05

	
e) Foundations Package
	
 
	
 
	
2,933,220.00
	
 
	
 
	
March 30 2018
	
Div 03

	
f) Slab on Grade & Slab on Deck
	
 
	
 
	
3,812,937.00
	
 
	
 
	
March 30 2018
	
Div 03

	
g) Siding
	
 
	
 
	
3,109,941.00
	
 
	
 
	
June 1, 2018
	
Div 07

	
h) Fire Proofing
	
 
	
 
	
402,240.00
	
 
	
 
	
July 1, 2018
	
Div 07

	
i) EPDM Roofing
	
 
	
 
	
3,329,898.00
	
 
	
 
	
July 23 2018
	
Div 07

	
j) Site Electric
	
 
	
 
	
1,700,000.00
	
 
	
 
	
July 1, 2018
	
Div 33

	
k) Under Ground Plumbing (inside Bldg)
	
 
	
 
	
2,400,000
	
 
	
 
	
April 16 2018
	
Div 22

	
 
	
 
	
$
	
37,554,029.00
	
 
	
 
	
 
	
 

 

 

5.Long Lead Equipment

 

	
 
	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
a) LL Mech Equipment; Chillers, Cooling Towers, Boilers, Compressors
	
Est -
	
 
	
9,700,000
	
 
	
 
	
Apr - June 2018
	
Div 23

	
b) Long Lead Electrical Switch Gear, XMFR’s, equipment
	
Es
	
 
	
9,200,000
	
 
	
 
	
July 30, 2018
	
Div 26

	
c) Long Lead Process Equipment
	
 
	
 
	
5,000,000
	
 
	
 
	
Apr - June 2018
	
Div 41

	
 
	
 
	
 
	
$ 23,900,000.00
	
 
	
 
	
 
	
 

4

 

6, Insurance

 

	
a) M+W  Insurance Thru to MAR 2018
	
 
	
$
	
506.000
	
 

	
b) M+W  Insurance 2 Quarter Prior Oct
	
 
	
$
	
304.000
	
 

	
 
	
 
	
 
	
 
	
 

 

7, Fee at 2.5% on COW              To Be Billed Monthly on COW

 

	
Fee Commitment Against Item 4 & 5
	
 
	
$
	
1,536,351
	
 

 

8, Travel Allowance

 

	
Increase beyond BOD Values
	
 
	
$
	
46,303.57
	
 

	
 Total Requested Commitment Funds
	
 
	
 
	
$ 73,045,379.35
	
 

 

5

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