Document:

Exhibit 10.1

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL
TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).

 

AMENDMENT TO TERMINALING SERVICES AGREEMENT

 

(June 1, 2015)

 

This Amendment to Terminaling Services Agreement
is made as of the 1st day of June, 2015 between Center Point Terminal Company, LLC, a Delaware limited liability company
(“Terminal”), and Apex Oil Company, Inc., a Missouri corporation (“Customer”).

 

RECITALS

 

A.           Terminal
and Customer are party to that certain Terminaling Services Agreement dated August 14, 2013, as amended (collectively, the “Agreement”),
which Agreement provides for the storage and handling of residual petroleum products as specified therein at the Terminal Facilities.

 

B.           Terminal
and Customer desire to amend the Agreement pursuant to the terms and conditions contained herein.

 

AGREEMENT

 

In consideration of the foregoing, the mutual
covenants herein contained and other good and valuable consideration (the receipt, adequacy and sufficiency of which are hereby
acknowledged by the parties by their execution hereof), the parties agree as follows:

 

1.          Definitions.
All capitalized terms not otherwise expressly defined herein shall have the respective meanings given thereto in the Agreement.

 

2.          Amendments.

 

2.1.          Charges.
The first sentence of Section 4.1 is hereby deleted and replaced with the following sentence:

 

Customer agrees to pay the per barrel storage rates listed
on Schedule C for each Terminal Facility (the “Storage Rates”) on a monthly basis for the product
volumes listed on Schedule B (the “Stipulated Volumes”).

 

2.2.          Stipulated
Volumes. Schedule B of the Agreement shall be amended to reduce the Stipulated Volumes at the Greensboro Terminal Facility
by 18,000 barrels effective June 1, 2015 and increase the Stipulated Volumes at the Baltimore Terminal Facility by 50,000 barrels
effective June 1, 2015, as shown on the Amended Schedule B attached hereto and incorporated herein by this reference.

 

     

     

    

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL
TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).

 

2.3.          Storage
Rates. The Storage Rates shall be removed from Schedule B and listed on Schedule C, as shown on the Amended Schedule
C attached hereto and incorporated herein by this reference.

 

3.          No
Other Modifications. Nothing contained herein in any way impairs the Agreement or alters, waives, annuls, varies or affects
any provision, condition or covenant therein, except as specifically set forth in this Amendment to the Agreement. All other terms
and provisions of the Agreement remain in full force and effect.

 

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

 

	 	CENTER POINT TERMINAL COMPANY, LLC
	 	 	 
	 	By:	/s/ Kenneth E. Fenton
	 	Name:	Kenneth E. Fenton
	 	Title:	Executive Vice President
	 	 	 
	 	APEX OIL COMPANY, INC.
	 	 	 
	 	By:	/s/ Christopher J. Schmitt
	 	Name:	Christopher J. Schmitt
	 	Title:	Chief Financial Officer

 

     

     

    

  

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE
CONFIDENTIAL TREATMENT FOR THOSE TERMS
HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS
HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).

  

AMENDED SCHEDULE B

 

(Effective as of June 1, 2015)

 

STIPULATED VOLUMES AND TYPES OF PRODUCT

  

	 	 	Albany	 	 	Baltimore	 	 	Blakeley
    Is	 	 	Chesapeake	 	 	Gates	 	 	Glenmont	 	 	Greensboro	 	 	Jacksonville	 	 	Newark	 	 	Total	 
	Stipulated Volumes/bbl	 	 	762,062	 	 	 	856,900	1 	 	 	N/A	 	 	 	78,400	 	 	 	180,397	 	 	 	1,730,643	 	 	 	646,107	2	 	 	413,688	 	 	 	433,000	 	 	 	5,069,197
                                         (excluding biodiesel and asphalt)	 
	Biodiesel volumes/bbl	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	500	 	 	 	500	 
	Asphalt Stipulated Volumes/bbl	 	 	 	 	 	 	 	 	 	 	 	 	 	 	165,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

This Amended Schedule B reflects all revisions to the
Agreement as of June 1, 2015.

 

 

1 Stipulated volumes increased by amounts contracted to Customer
effective June 1, 2015.

2 Stipulated volumes reduced by amounts contracted to
third party effective June 1, 2015.

 

     

     

    

  

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE
CONFIDENTIAL TREATMENT FOR THOSE TERMS
HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS
HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).

 

AMENDED SCHEDULE C 

(Effective as of June 1, 2015)

 

STORAGE RATES PER BARREL*

 

	 	 	Albany	 	 	Baltimore	 	 	Blakeley
    Is	 	 	Chesapeake	 	 	Gates	 	 	Glenmont	 	 	Greensboro	 	 	Jacksonville	 	 	Newark	 
	Storage Rates/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Biodiesel Storage Rates/bbl	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	[**]	 
	Asphalt Storage Rates/bbl	 	 	 	 	 	 	 	 	 	 	 	 	 	$	[**]	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

ADDITIVE & ANCILLARY SERVICE FEES*

 

	 	 	Albany	 	 	Baltimore	 	 	Blakeley
    Is	 	 	Chesapeake	 	 	Gates	 	 	Glenmont	 	 	Greensboro	 	 	Jacksonville	 	 	Newark	 
	Generic Gas Additive/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Proprietary Gas Additive/bbl	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 
	Ethanol Blending/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Biodiesel Blending/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Gasoline Blendstocks/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Red Dye Injection/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Lubricity Additive/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Cold Flow Additive/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	 	N/A	 	 	$	[**]	 	 	$	[**]	 
	Rail Car Unloading/bbl	 	$	[**]	 	 	 	N/A	 	 	 	N/A	 	 	$	[**]	 	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	$	[**]	 	 	 	N/A	 
	Barge Imports/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Barge Exports/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Pipeline Service Fee/month	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Pipeline Throughput Fee/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Truck Unloading Fee/bbl	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 	 	$	[**]	 
	Asphalt Heating Charge	 	 	 	 	 	 	 	 	 	 	 	 	 	 	[**]	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

* Subject to adjustment as provided in Section 4.6.

 

This Amended Schedule C reflects all revisions to the Agreement
as of June 1, 2015.ex10-1.htm

Exhibit 10.1

 

Effective: September 8, 2014

 

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

 

The Board of Directors of MabVax Therapeutics Holdings, Inc. (the “Company”) has approved the following Non-Employee Director Compensation Policy (this “Policy”) which establishes compensation to be paid to non-employee directors of the Company, effective as of September 8, 2014 (the “Effective Time”), to provide an inducement to obtain and retain the services of qualified persons to serve as members of the Company’s Board of Directors.

 

Applicable Persons

 

This Policy shall apply to each director of the Company who is not an employee of, or compensated consultant to, the Company or any Affiliate (each, an “Outside Director”). “Affiliate” shall mean a corporation which is a direct or indirect parent or subsidiary of the Company, as determined pursuant to Section 424 of the Internal Revenue Code of 1986, as amended.

 

Stock Option Grants

 

All stock option amounts set forth herein shall be subject to automatic adjustment in the event of any stock split or other recapitalization affecting the Company’s common stock.

 

Annual Stock Option Grants

 

Each Outside Director shall be granted a non-qualified stock option to purchase 6,948 shares of the Company’s common stock under the Company’s 2014 Employee, Director and Consultant Equity Incentive Plan (the “Stock Plan”) each year on the yearly anniversary of such Outside Director’s first date of service as an Outside Director.

 

Unless otherwise specified by the Board of Directors or the Compensation Committee at the time of grant, all Annual Stock Options granted under this Policy shall (i) vest one year from the date of the grant, subject to the Outside Director’s continued service on the Board of Directors; (ii) have an exercise price equal to the fair market value of the Company’s common stock as determined in the Stock Plan on the date of grant; and (iii) contain such other terms and conditions as the Board of Directors or the Compensation Committee shall determine.

 

Initial Stock Option Grant For Newly Appointed or Elected Directors

 

Each new Outside Director shall be granted a non-qualified stock option to purchase 11,116 shares of the Company’s common stock under the Stock Plan on the date of his or her initial appointment or election to the Board of Directors. Unless otherwise specified by the Board of Directors or the Compensation Committee at the time of grant, all Initial Stock Options granted under this Policy shall (i) be fully vested on the date of the grant; (ii) have an exercise price equal to the greater of (x) $4.48 per share or (y) the fair market value of the Company’s common stock as determined in the Stock Plan on the date of grant; and (iii) contain such other terms and conditions as the Board of Directors or the Compensation Committee shall determine.

 

Cash Fees

 

Cash Payments

 

The following annual cash fees shall be paid to the Outside Directors serving on the Board of Directors and the Audit Committee, Compensation Committee and Nominating and Governance Committee, as applicable.

	

 

Board of Directors or Committee of Board of Directors

	
  

	
Amount for Member

	  
	
Board of Directors (Annual)

	
  

	
$

	
12,000

	
  

	
Attendance at Board Meeting in person (per meeting)

	
  

	
$

	
1,250

	
  

	
Attendance at Board Meeting telephonically (per meeting)

	
  

	
$

	
750

	
  

 

  

  

  

 

Payment Terms for All Cash Fees

 

Cash payments payable to Outside Directors shall be paid monthly in arrears as of the first day of the calendar month. For any portion of a fiscal year in which the Effective Time occurs, annual payments shall be pro-rated beginning on the first day of the calendar month in which the Effective Time occurs.

 

Following an Outside Director’s first election or appointment to the Board of Directors, such Outside Director shall receive his or her cash compensation pro-rated beginning on the first day of the calendar month in which he or she was initially appointed or elected. If an Outside Director dies, resigns or is removed during any quarter, he or she shall be entitled to a cash payment on a pro rated basis through his or her last day of service.

 

Expenses

 

Upon presentation of documentation of such expenses reasonably satisfactory to the Company, each Outside Director shall be reimbursed for his or her reasonable out-of-pocket business expenses incurred in connection with attending meetings of the Board of Directors and Committees thereof or in connection with other business related to the Board of Directors.

 

Amendments

 

The Compensation Committee or the Board of Directors shall review this Policy from time to time to assess whether any amendments in the type and amount of compensation provided herein should be adjusted in order to fulfill the objectives of this Policy.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}]]