ENVIVA HOLDINGS, LP
Exhibit 10.7
ENVIVA HOLDINGS, LP
0000 Xxxxxxxxx Xxx, Xxxxx 0000
Xxxxxxxx, XX 00000
March 7, 2014
Enviva, LP
0000 Xxxxxxxxx Xxx, Xxxxx 0000
Xxxxxxxx, XX 00000
Re: | Management Services Agreement |
Ladies and Gentlemen:
Reference is made to that certain Management Services Agreement, dated as of November 9, 2012, between us, as Service Provider and you (the “Management Services Agreement”); capitalized terms used in this letter agreement having the meanings set forth in the Management Services Agreement.
Notwithstanding any provision contained in Section 3 of the Management Services Agreement to the contrary, we hereby agree that: (i) the amount set forth in Section 3 of the Management Services Agreement (as increased pursuant to the terms thereof) as the Annual Fee shall be deemed to be the maximum Annual Fee payable pursuant to the Management Services Agreement; (ii) the Annual Fee shall be that amount, not to exceed the cap set forth in Section 3 of the Management Services Agreement, as you and we shall agree from time to time in writing; and (iii) the Annual Fee for 2013 was $5,800,000.
The laws of the State of New York shall govern the validity, construction, enforcement and interpretation of this letter agreement.
Very truly yours, | ||
ENVIVA HOLDINGS, LP | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Name: Xxxxxxx Xxxxxx | ||
Title: Executive Vice President and CFO |
Acknowledged and Agreed: | ||
ENVIVA, LP | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Name: Xxxxxxx Xxxxxx | ||
Title: Executive Vice President and CFO |