AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT BETWEEN LUIS E. BATIZ AND TEXAS PETROCHEMICALS LP AND TEXAS PETROCHEMICALS INC.

Exhibit 10.8

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT

BETWEEN

XXXX X. XXXXX

AND

TEXAS PETROCHEMICALS LP AND TEXAS PETROCHEMICALS INC.

This Amendment No. 1 is effective as of March 20, 2009 by and between Texas Petrochemicals Inc., a Delaware corporation, and Texas Petrochemicals LP, a Texas limited partnership (collectively referred to as the “Company”), and Xxxx X. Xxxxx, the undersigned individual.

RECITALS

WHEREAS, the Company and Xxxxx entered into that certain Employment Agreement effective as of March 19, 2007 (the “Employment Agreement”), whereby the Company agreed to employ Xxxxx as Senior Vice President of Operations of the Company and Xxxxx agreed to serve as the Senior Vice President of Operations;

WHEREAS, the Employment Agreement expired by its terms on March 19, 2009; and

WHEREAS, the Company and Xxxxx mutually desire to extend and amend certain provisions of the Employment Agreement, as more specifically set forth herein.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein, the Company and Xxxxx hereby agree as follows:

A. Modifications and Amendments to Employment Agreement

1. Section 2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

2. Term. Xxxxx’x employment under this Agreement shall be for a term extending until June 30, 2010 (the “Initial Term”), thereafter renewable annually by mutual agreement of Xxxxx and the Company’s Board of Directors (the “Extension Term” and together with the Initial Term, the “Term”). Notwithstanding the foregoing, upon a termination of this Agreement under Sections 4(d), (e) or (f), Xxxxx’x employment shall terminate except that Xxxxx will be paid his compensation in accordance with Section 4(d) below.

2. Section 3(a)(i) of the Employment Agreement is hereby modified and amended to reflect that, as of October 1, 2009, the Base Salary for Xxxxx is $310,000.

3. Section 3(a)(ii) of the Employment Agreement is hereby modified and amended to reflect that, as of October 1, 2009, the Initial Bonus percentage is 55%.

4. Section 3(a)(iii) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

(iii) The parties agree and acknowledge that, notwithstanding the foregoing, the Company’s Compensation Committee and/or Board of Directors has the right to review and adjust the annual base salary on an annual basis during the Term. Xxxxx shall be paid an annual base salary and bonus mutually agreeable to the parties, but in no event less than the Base Salary and the Initial Bonus.

5. A new Section 3(a)(iv) shall be added to the Employment Agreement and shall read as follows:

(iv) The parties agree and acknowledge that Xxxxx shall be a participant in the 2009 Long-Term Incentive Plan as determined by the Company and the Board of Directors.

B. Ratification of the Employment Agreement

Except as modified and expressly amended by this Amendment and any other written supplement or amendment executed by the parties, the Employment Agreement is in all respects ratified and confirmed, and all of the terms, provisions, and conditions thereof shall be and remain in full force and effect.

C. Entire Agreement

This Amendment, together with the Employment Agreement, constitute the entire agreement and understanding between the parties concerning the matters addressed by the Employment Agreement, and supersedes any and all previous agreements or understandings, whether written or oral, between the parties concerning the same. There are no restrictions, promises, representations, warranties, covenants or undertakings, other than those expressly set forth or referred to herein or therein.

D. Interpretation

The section headings contained in this Amendment are solely for the purpose of references, are not part of the agreement of the parties and shall not in any way affect the meaning or interpretation of this Amendment.

E. Counterparts

This Amendment may be executed in two or more counterparts, all of which shall be deemed one and the same agreement and shall be deemed delivered by the parties when one or more counterparts have been signed by each of the parties.

F. Definitions

Capitalized terms used herein, but not otherwise defined shall have the meanings given to such terms in either the Employment Agreement.

Except as modified herein, all other terms and conditions of the Employment Agreement remain unchanged.

TEXAS PETROCHEMICALS LP								EXECUTIVE:
By:		/s/ Xxxxxxx X. Xxxxxx						/s/ Xxxx X. Xxxxx
		Xxxxxxx X. Xxxxxx						Xxxx X. Xxxxx
		President and CEO
TEXAS PETROCHEMICALS INC.
By:		/s/ Xxxxxxx X. Xxxxxx
		Xxxxxxx X. Xxxxxx
		President and CEO