Document:

exv10w5

Exhibit 10.5

FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

     THIS FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is
made and entered into as of June 30, 2009 (provided, that the provisions of Section 5 shall be
effective as of the date provided therein), by and among DELEK REFINING, LTD. (individually and, in
its capacity as the representative of the other Borrowers pursuant to Section 2.27 of the
Credit Agreement (as hereafter defined), “Delek Refining”), a Texas limited partnership;
and DELEK PIPELINE TEXAS, INC. (“Delek Pipeline”), a Texas corporation; (Delek Refining
and Delek Pipeline being referred to jointly as the “Borrowers,” and individually as a
“Borrower”); various financial institutions (“Lenders”); SUNTRUST BANK, in its capacity as
administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the
“Issuing Bank”), as swingline lender (the “Swingline Lender”), and in its capacity
as collateral agent for the Lenders (the “Collateral Agent”; the Administrative Agent and
Collateral Agent are each hereafter referred to from time to time individually as an “Agent” and
jointly as “Agents”).

Recitals:

     Borrowers, Lenders and Agents are parties to a certain Second Amended and Restated Credit
Agreement, dated October 13, 2006, as amended as of December 15, 2008, January 30, 2009, February
13, 2009 and February 18, 2009 (as at any time further amended, restated or otherwise modified, the
“Credit Agreement”), pursuant to which Lenders have made certain revolving credit loans and other
extensions of credit to Borrowers.

     The Administrative Agent, the Lenders signatory hereto and the Borrowers desire to amend the
Credit Agreement as set forth hereinafter.

     NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and valuable
consideration, the receipt and sufficiency of which are hereby severally acknowledged, the parties
hereto, intending to be legally bound hereby, agree as follows:

     1. Definitions. All capitalized terms used in this Amendment, unless otherwise
defined herein, shall have the meaning ascribed to such terms in the Credit Agreement.

     2. Amendment to Definition. The definition indicated of “Issuing Bank” is hereby
amended and restated to provide as follows:

     “Issuing Bank” shall mean SunTrust Bank or Wachovia Bank,
National Association, and any other Lender designated as an Issuing Bank in
accordance with the provisions of Section 2.23(k), in each case in
its capacity as an issuer of Letters of Credit hereunder, and its successors
in such capacity as provided in Section 2.23(m). An Issuing Bank
may, in its discretion, arrange for one or more Letters of Credit to be
issued by Affiliates of such Issuing Bank, in which case the term “Issuing
Banks” shall include any such Affiliate with respect to Letters of Credit
issued by such Affiliate.

     3. Amendment to Section 2.23. Section 2.23 is hereby amended by adding thereto the
following clauses:

 

 

     (k) Additional Issuing Banks. The Borrowers may, at any time
and from time to time with the consent of the Administrative Agent (which
consent shall not be unreasonably withheld) and such Lender, designate one
or more additional Lenders to act as an issuing bank under the terms of this
Agreement. Any Lender designated as an issuing bank pursuant to this clause
(k) shall be deemed to be an “Issuing Bank” (in addition to being a Lender)
in respect of Letters of Credit issued or to be issued by such Lender, and,
with respect to such Letters of Credit, such term shall thereafter apply to
the other Issuing Banks and such Lender in their capacities as Issuing
Banks.

     (l) Reporting by Issuing Banks to the Administrative Agent.
Each Issuing Bank shall deliver to the Administrative Agent (i) as of the
last day of each month and otherwise upon request of the Administrative
Agent, a certificate identifying the Letters of Credit outstanding by such
Issuing Bank, the amount and expiration date of each such Letter of Credit,
the beneficiary thereof and any other information reasonably requested by
the Administrative Agent with respect to such Letters of Credit, and (ii)
concurrently therewith, (x) notice of the issuance of a Letter or Credit by
such Issuing Bank, (y) notice of the amount of each draw under any such
Letter of Credit and (z) notice of the termination or cancellation of any
such Letter of Credit.

     (m) Resignation or Replacement of an Issuing Bank. An
Issuing Bank may resign at any time by giving 30 days’ prior written notice
to the Administrative Agent, the Borrowers and the Lenders, and an Issuing
Bank may be replaced at any time by written agreement among the Borrowers,
the Administrative Agent, the replaced Issuing Bank and the successor
Issuing Bank, if any. The Administrative Agent shall notify the Lenders of
any such resignation or replacement of an Issuing Bank, as the case may be.
The notice of resignation of an Issuing Bank shall not affect or impair any
Letter of Credit previously issued by such Issuing Bank.

     4. Ratification and Reaffirmation. Each Borrower hereby ratifies and reaffirms the
Obligations, each of the Loan Documents and all of such Borrower’s covenants, duties, indebtedness
and liabilities under the Loan Documents, in each case as amended hereby.

     5. Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that
the Credit Agreement and the other Loan Documents executed by Borrowers are legal, valid and
binding obligations of Borrowers that are enforceable against Borrowers in accordance with the
terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim
(and to the extent there exists any such defense, offset or counterclaim on the date hereof, the
same is hereby waived by each Borrower); and the security interests and liens granted by Borrowers
in favor of Administrative Agent, for the benefit of itself and Lenders, are duly perfected, first
priority security interests and liens to the extent provided therein.

     6. Representations and Warranties. Each Borrower represents and warrants to Agents
and Lenders, to induce Agents and Lenders to enter into this Amendment, that (a) no Default or
Event of Default exists on the date hereof; (b) the execution, delivery and performance of this
Amendment have been duly authorized by all requisite company action on the part of each Borrower
and this Amendment has been duly executed and delivered by each Borrower; and (c) all of the
representations and warranties made by Borrowers in the Credit Agreement are true and correct, in
all material respects, on and as of the date hereof, except those representations and warranties
made as of a specific date in which such case

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such representations and warranties were true and correct as of such date.

     7. Reference to Credit Agreement. Upon the effectiveness of this Amendment, each
reference in the Credit Agreement to “this Agreement,” “hereunder,” or words of like import shall
mean and be a reference to the Credit Agreement, as amended by this Amendment.

     8. Breach of Amendment. This Amendment shall be part of the Credit Agreement and a
breach of any representation, warranty or covenant herein shall constitute an Event of Default
(following the expiration of any applicable cure period).

     9. Conditions Precedent. The effectiveness of the provisions contained in this
Amendment are subject to the Administrative Agent’s receipt of this Amendment duly executed by the
parties hereto.

     10. Expenses of the Administrative Agent. Borrowers agree to pay all costs and
expenses incurred by the Administrative Agent in connection with the preparation, negotiation and
execution of this Amendment and any other Loan Documents executed pursuant hereto and any and all
amendments, modifications, and supplements thereto, including, without limitation, the reasonable
costs and fees of Agent’s legal counsel and any taxes or expenses associated with or incurred in
connection with any instrument or agreement referred to herein or contemplated hereby.

     11. Miscellaneous. This Amendment shall be effective upon acceptance by the
Administrative Agent and Lenders, whereupon the same shall be governed by and construed in
accordance with the internal laws of the State of Georgia. This Amendment shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns. This
Amendment may be executed in any number of counterparts and by different parties to this Amendment
on separate counterparts, each of which, when so executed, shall be deemed an original, but all
such counterparts shall constitute one and the same agreement. Any signature delivered by a party
by facsimile transmission shall be deemed to be an original signature hereto. Section titles and
references used in this Amendment shall be without substantive meaning or content of any kind
whatsoever and are not a part of the agreements among the parties hereto.

     12. No Novation, etc. Except as otherwise expressly provided in this Amendment,
nothing herein shall be deemed to amend or modify any provision of the Credit Agreement or any of
the other Loan Documents, each of which shall remain in full force and effect. This Amendment is
not intended to be, nor shall it be construed to create, a novation or accord and satisfaction, and
the Credit Agreement as herein modified shall continue in full force and effect.

     13. Further Assurances. Each Borrower agrees to take such further actions as the
Administrative Agent shall reasonably request from time to time in connection herewith to evidence
or give effect to the amendments set forth herein or any of the transactions contemplated hereby.

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under
seal and delivered by their respective duly authorized officers on the date first written above.

	 	 	 	 	 	 	 
	 	 	DELEK REFINING, LTD.	 	 
	 
	 	 	By: DELEK US REFINING GP, LLC	 	 
	 	 	Title: General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Gregory A. Intemann
 

Name: Gregory A. Intemann
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Joane Walker	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Joane Walker	 	 
	 

	 	 	 	Title: VP — CAO	 	 
	 
	 	 	 	 	 	 
	 	 	DELEK PIPELINE TEXAS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Gregory A. Intemann	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Gregory A. Intemann	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Joane Walker	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Joane Walker	 	 
	 

	 	 	 	Title: VP — CAO	 	 

[Signatures continue on following page]

 

 

	 	 	 	 	 
	 	SUNTRUST BANK, as
Administrative Agent, as 
Issuing
Bank, as Swingline Lender and as a Lender

 	 
	 	By:  	/s/ Brian O’Fallon
 	 
	 	 	Brian O’Fallon, Director 	 
	 	 	 	 
	 

[Signatures continue on following page]exv10w5

EXHIBIT 10.5

AMENDMENT TO COMMERCIAL LEASE

     This Amendment to Commercial Lease (“Amendment”) is made this 14th day of August, 2007, by and
between Jerry L. Helmer and Ruthann Helmer, husband and wife, whose address is 7171 E. Michigan
Avenue, Saline, Michigan 48176, hereinafter called “Landlord,” and Mercantile Bank of Michigan, a
Michigan banking corporation, whose address is 310 Leonard Street NW, Grand Rapids, Michigan 49504,
hereinafter called “Tenant.”

Background

     On or about July 13, 2005, Landlord and Tenant entered into a Commercial Lease (“Lease”) for
property located in the City of Ann Arbor, County of Washtenaw, and State of Michigan, whereby
Tenant leased from Landlord an approximately 10,000 square foot building (the “Premises”).

     Landlord and Tenant agree that Tenant may construct for its use a building addition which will
be attached to the current building. The plans for the addition shall be approved by Landlord,
whose consent shall not be unreasonably withheld, delayed, or conditioned. The building addition
to be constructed by Tenant shall have approximately 4,900 square rentable feet, and Tenant shall
pay all costs related to construction of the Additional rental space and site work. Tenant agrees
that if it is to construct the Additional Rental Space, it will commence construction by June 30,
2010; if Tenant fails to meet that deadline, Tenant will not have the right to construct the
Additional Rental Space, without written approval from Landlord.

     In consideration of Tenant constructing the Additional Rental Space and enlarging the rentable
building space on Landlord’s property, which shall, after the term of the Lease, become the
property of the Landlord, Landlord agrees to extend the original term of the Lease and adjust the
rent.

     The purpose of this Amendment is to amend the provisions of the Lease to provide for the
possible construction of the Additional Rental Space and if so, to adjust the term of the Lease and
the payment of rent by the Tenant.

Agreement

     The parties agree to the following for which there is adequate consideration:

     1. Paragraph 2 of the Lease shall be deleted in its entirety and replaced with the following:

     2. Term.

     a. The term of the initial Lease for the Premises, without the
Additional Rental Space, is for five (5) years ending June 30, 2010.

     b. If Tenant timely commences construction on the Additional
Rental Space timely (i.e., by June 30, 2010), then paragraph 2a
shall not apply and there shall be a new lease term for Tenant’s
occupancy of the Premises and the Additional Rental Space, which
collectively shall be referred herein to as the “Leased Premises.”
Thus, the Leased Premises shall mean the current Premises plus the
Additional

 

 

Rental Space that Tenant builds. The new term for the
lease of the Leased Premises shall be for ten (10) years and shall
commence upon the earlier of (1) the date on which Tenant has
obtained an occupancy permit to occupy the Additional Rental Space
from the City of Ann Arbor, or (2) January 11, 2011 (the
“Commencement Date”). Thus, the Commencement Date shall occur not
later than Janaury 1, 2011, even if the Tenant has not then obtained
an occupancy permit for the Additional Rental Space by that date.
All references to lease term set forth in this Amendment shall refer
to the new ten (10) year term and all Renewal Periods.

     c. If Tenant fails to commence physical construction of the
Additional Rental Space by June 30, 2010, then the Tenant shall not
have the right to construct the Additional Rental Space, and there
shall not be a new lease term for the Premises, and thus the Lease
for the Premises will end on June 30, 2010, but Tenant shall have
the right to the three (3) Renewal Periods set forth below.

     d. Each “Lease Year” shall be a twelve (12) month period during
the initial or new term of this Lease and during any Renewal Period.

     2. Paragraph 3 of the Lease shall be deleted in its entirety and replaced with the
following:

     3. Option to Renew. Tenant shall have the option to renew the
Lease for three (3) additional terms of five (5) years each. Each “Renewal
Period” shall commence immediately after the end of either the original term
of this Lease for the Premises as set forth in paragraph 2a or at the end of
the new lease term for the Leased Premises described in paragraph 2b,
whichever applies. To exercise the option, Tenant must give Landlord
written notice of the exercise of such option not less than six (6) months
prior to the end of the original term of this Lease (either for the Premises
or Leased Premises if Tenant constructs the Additional Rental Space) or the
then current Renewal Period, as appropriate. Notwithstanding the foregoing,
if Tenant renews the Lease for the Premises but thereafter timely builds the
Additional Rental Space, then the new Lease for the Leased Premises will
trump the Renewal Period notice and Tenant shall have a new ten (10) year
Lease and 3 Renewal Periods per paragraph 2b. The terms of the Lease,
during Renewal Periods, shall remain the same as during the initial term,
except as otherwise expressly set forth herein.

     3. Paragraph 4 of the Lease shall be deleted in its entirety and replaced with the
following:

     4. Rent. Currently, Tenant pays the Landlord, as minimum
monthly rent (sometimes referred to as the “Rent”) for said Premises, the
sum of $15.76 dollars per square foot (from July 1, 2007 to June 30, 2008),
but which is subject to the provisions to increase rent pursuant to the
consumer price index as set forth in the paragraph below.

 

 

If Tenant does not construct the Additional Rental Space, then Rent for the
original Premises shall continue to increase during the amended lease term
and Renewal Periods, if any, pursuant to the consumer price index as set
forth below.

If Tenant constructs the Additional Rental Space, then Tenant shall pay rent
for the Additional Rental Space on a square foot basis as set forth below.

Notwithstanding the foregoing, the Tenant shall owe no Rent or Additional
Rent for the Additional Rental Space (if any) until the end of the new lease
term set forth in paragraph 2b. Thus, if Tenant constructs Additional
Rental Space, then Tenant shall pay Rent and Additional Rent for the entire
Leased Premises only beginning in the first Renewal Period. Tenant shall,
however, be responsible at all times to insure the Additional Rental Space
as set forth in paragraph 6 of the Lease, and shall be responsible to pay
its personal and real property taxes pursuant to paragraph 7(b) of the
Lease.

Thus, on the Commencement Date for the entire Leased Premises (i.e., per
paragraph 2b), Tenant shall continue to pay rent per the Lease only on the
Premises for the ten (10) year term. During the First Renewal Period, if
any, Tenant shall pay rent for the Additional Rental Space at the same rate
as for the Premises; thus rent for the entire Leased Premises shall be at
the same per square foot rate. Tenant shall pay to the Landlord one-twelfth
of the annual Rent due on or before the first day of each month of the first
Lease Year of the Lease term commencing on the Commencement Date. Rent
shall be prorated if the Commencement Date begins on a date which is not the
first day of the month. Rent for the entire Leased Premises shall therefore
increase based on the timing of CPI increase for the Premises under the
initial Lease (i.e., beginning July 1 each year), even if this increase does
not coincide with the anniversary of the Commencement Date for the Leased
Premises which will commence pursuant to paragraph 2c. Thus, rent for the
Leased Premises will increase per the CPI in July of every year, even if the
Commencement Date falls on September 1 and the ten (10) year term would end
on August 31.

Notwithstanding the foregoing, an annual per square foot Rent increase for
any Lease Year during any term of this Lease, including any Renewal Period,
may not exceed 2.5% from the previous Lease Year and the annual rent
increases for any Lease Year during the Renewal Periods shall be 75% of the
CPI increase (not to exceed 7%).

     4. Paragraph 10 of the Lease shall be deleted in its entirety.

     5. Definition of Leased Premises. Except as expressly set forth herein, the term
“Leased Premises” shall include the Additional Rental Space and, therefore, for purposes of the
Commercial Lease and this Amendment, all obligations for the Leased Premises for which the Landlord
or Tenant are responsible shall extend to the Additional Rental Space. For illustrative purposes
only, the Tenant, who is responsible to maintain, repair, and replace the entire interior of the
Leased Premises, shall also be responsible to maintain, repair, and replace the interior of the
Additional Rental Space.

     6. Terms of Amendment. The terms of this Amendment shall control the rights and
obligations of the parties hereto. Otherwise, the Commercial Lease and this Amendment shall be
deemed one fully integrated agreement and together control the rights and obligations of the
parties.

     7. Entire Agreement. This Amendment constitutes the entire agreement between the
parties with respect to the matters set forth herein, and there are no representations, warranties,
covenants, or obligations except as set forth herein. This Amendment supersedes all prior and
contemporaneous agreements, understandings, negotiations, statements, and discussions, written or
oral, of the parties hereto, relating to the matters contemplated by this Amendment.

 

 

     8. Benefit of Agreement. The terms of this Amendment shall be binding upon and inure
to the benefit of the assigns, heirs, agents, and representatives of the parties hereto.

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment.

	 	 	 	 	 	 	 
	Witnesses:	 	 	 	Landlord:
	 
	 	 	 	 	 	 
	/s/ Philip Conlin	 	 	 	/s/ Jerry L. Helmer
	 	 	 	 	 
	 	 	 	 	Jerry L. Helmer
	 
	 	 	 	 	 	 
	/s/ Philip Conlin	 	 	 	/s/ Ruthann Helmer
	 	 	 	 	 
	 	 	 	 	Ruthann Helmer
	 
	 	 	 	 	 	 
	Witnesses:	 	 	 	Tenant:
	 
	 	 	 	 	 	 
	 	 	 	 	Mercantile Bank of Michigan,
	 	 	 	 	a Michigan banking corporation,
	 
	 	 	 	 	 	 
	/s/ Dana O’Patik

	 	 	 	By:
	 	/s/ Joseph S. Calvaruso
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	     Joseph S. Calvaruso
	 

	 	 	 	 	 	     Its: Senior Vice President
	 
	 	 	 	 	 	 
	 

	 	 	 	Executed on: August 14, 2007

Effective Date:

(The Effective Date of the Agreement shall mean the date the last party signs this Agreement)

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