Contract
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
AGREEMENT | TODAY'S | ||||||||||||||||||||
DATE: | 08/19/2009 | DATE: | 07/09/2012 | PAGE | 1 OF 6 | ||||||||||||||||
TO: | XXXXX PETROLEUM CO | FROM: | EXXONMOBIL OIL CORPORATION | ||||||||||||||||||
XXX XXXXX (303.999.4141) | +++ | ||||||||||||||||||||
0000000000 (FAX) | +++ (FAX) | ||||||||||||||||||||
THIS FORMALIZES OUR AGREEMENT TO AMEND THE REFERENCED AGREEMENT, WHICH HAD AN EFFECTIVE | |||||||||||||||||||||
DATE OF 08/19/2009 ENTERED INTO BETWEEN EXXONMOBIL OIL CORPORATION, HEREINAFTER KNOWN AS | |||||||||||||||||||||
"EXXONMOBIL", AND XXXXX PETROLEUM CO (HEREINAFTER CALLED "CUSTOMER"), AS SUCH AGREEMENT | |||||||||||||||||||||
MAY HAVE BEEN AMENDED THEREAFTER FROM TIME TO TIME. | |||||||||||||||||||||
EXXONMOBIL CUSTOMER | |||||||||||||||||||||
CONTRACT: BRRY1403TE CONTRACT: | |||||||||||||||||||||
7017521 | |||||||||||||||||||||
AMENDMENT INTENT: | |||||||||||||||||||||
AMENDMENT: 07/31/2012 ADDING THE FOLLOWING VERBAGE PER REQUEST FROM XXX XXXXX (XXXXX PETROLEUM): “EXXONMOBIL OIL CORPORATION AND XXXXX PETROLEUM COMPANY APPROVE THE BELOW AMENDMENT WITH AN EFFECTIVE DATE OF JULY 30, 2012.” APPROVED BY +++. ************* ************* AMENDMENT: 07/09/2012 | |||||||||||||||||||||
THE FOLLOWING CHANGES ARE EFFECTED TO THIS CONTRACT: | |||||||||||||||||||||
1) INITIAL TERMS ARE EXTENDED THROUGH AUGUST 31, 2014. | |||||||||||||||||||||
2) VOLUME: APPROXIMATELY 12,100 BARRELS PER DAY - | |||||||||||||||||||||
LIMITED BY THE LEASE PRODUCTION - | |||||||||||||||||||||
XXXXX CENTRAL, XXXXX X, FORMAX AND | |||||||||||||||||||||
FAIRFIELD LEASES | |||||||||||||||||||||
3) NEW PRICING TERMS WILL BE EFFECTIVE DATE OF | |||||||||||||||||||||
SEPTEMBER 1, 2012 THRU AUGUST 31, 2014. | |||||||||||||||||||||
4) FOLLOWING THIS INITIAL PERIOD, THIS AGREEMENT SHALL CONTINUE | |||||||||||||||||||||
THEREAFTER ON A MONTH-TO-MONTH BASIS UNLESS CANCELLED BY | |||||||||||||||||||||
EITHER PARTY WITH A 60-DAY NOC. | |||||||||||||||||||||
5) FIRST NOTICE OF CANCELLATION SHALL NOT BE GIVEN PRIOR | |||||||||||||||||||||
TO JULY 1, 2014. | |||||||||||||||||||||
ALL THE OTHER TERMS AND CONDITIONS REMAIN IN FULL FORCE | |||||||||||||||||||||
AND EFFECT. APPROVED BY +++. | |||||||||||||||||||||
****** | |||||||||||||||||||||
****** | |||||||||||||||||||||
****** |
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
AMENDMENT: 09/12/2011 | |||||||||||||||||||||
AFOREMENTIONED EVERGREEN CONTRACT HAS BEEN REVIEWED BY | |||||||||||||||||||||
+++(TRADER). "DATE OF LAST EVERGREEN REVIEW" | |||||||||||||||||||||
UPDATED IN SAP SYSTEM TO READ 09/01/2011. ALL THE OTHER | |||||||||||||||||||||
TERMS AND CONDITIONS REMAIN UNCHANGED AND ARE IN FULL | |||||||||||||||||||||
FORCE AND EFFECT. APPROVED BY +++. | |||||||||||||||||||||
****** | |||||||||||||||||||||
****** | |||||||||||||||||||||
PER XXXXX PETROLEUM'S REQUEST, BELOW DATE OF AMENDMENT ON | |||||||||||||||||||||
CONTRACT IS BEING CHANGED TO 09/29/10 TO COINCIDE WITH | |||||||||||||||||||||
DATE THAT XXXXX RECEIVED FORMAL BOARD APPROVAL. | |||||||||||||||||||||
PLEASE NOTE, HOWEVER, THAT DUE TO A RECENT SYSTEM-WIDE | |||||||||||||||||||||
SAP ISSUE, EXXONMOBIL'S EXECUTED DATE OF APPROVAL WILL | |||||||||||||||||||||
APPEAR PAST 09/29/10. | |||||||||||||||||||||
******* | |||||||||||||||||||||
******* | |||||||||||||||||||||
AMENDMENT: 09/29/10 | |||||||||||||||||||||
INITIAL TERMS ARE EXTENDED THROUGH 11/30/2010. | |||||||||||||||||||||
NEW PRICING TERMS WILL BE EFFECTIVE DATE OF | |||||||||||||||||||||
12/01/2010 THRU NOVEMBER 30, 2011 AND 90-DAY | |||||||||||||||||||||
EVERGREEN THEREAFTER. ALL OTHER TERMS AND | |||||||||||||||||||||
CONDITIONS REMAIN IN FULL FORCE AND EFFECT. | |||||||||||||||||||||
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | |||||||||||||||||||||
AGREEMENT | TODAY'S | ||||||||||||||||||||
DATE: | 08/19/2009 | DATE: | 07/09/2012 | PAGE: | 2 OF 6 | ||||||||||||||||
TO: | XXXXX PETROLEUM CO | FROM: | EXXONMOBIL OIL CORPORATION | ||||||||||||||||||
XXX XXXXX (303.999.4141) | +++ | ||||||||||||||||||||
0000000000 (FAX) | +++ (FAX) | ||||||||||||||||||||
APPROVED BY +++. | |||||||||||||||||||||
********* | |||||||||||||||||||||
********* | |||||||||||||||||||||
********* | |||||||||||||||||||||
CHANGING DELIVERY/LOCATION VERBAGE OF CONTRACT TO READ | |||||||||||||||||||||
AS FOLLOWS: | |||||||||||||||||||||
A. SECTION 1: "INTO EXXONMOBIL SJV PIPELINE VIA | |||||||||||||||||||||
EXXONMOBIL XXXXXX VIA SHELL PIPELINE | |||||||||||||||||||||
FROM XXXXX CENTRAL LEASES." |
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
B. SECTION 4: "INTO CONOCOPHILLIPS COMMON CARRIER | |||||||||||||||||||||
PIPELINE LINE 100) FROM FORMAX LEASES." | |||||||||||||||||||||
*** | |||||||||||||||||||||
NOTE: "TOTAL CONTRACT VOLUME ...... | |||||||||||||||||||||
LIMITED TO 100% OF THE LEASE PRODUCTION | |||||||||||||||||||||
AT XXXXX CENTRAL, ..." | |||||||||||||||||||||
REQUESTED BY BERRY PETROLEUM (XXX XXXXX), APPROVED BY | |||||||||||||||||||||
+++ - 09/24/09. | |||||||||||||||||||||
********* | |||||||||||||||||||||
********* | |||||||||||||||||||||
____________________________________________________________________________________________________________ | |||||||||||||||||||||
EXXONMOBIL RECEIVES (BUYS): | |||||||||||||||||||||
CRUDE TYPE: | |||||||||||||||||||||
01) SAN XXXXXXX VALLEY. | |||||||||||||||||||||
02) SAN XXXXXXX VALLEY. | |||||||||||||||||||||
03) SAN XXXXXXX VALLEY. | |||||||||||||||||||||
04) SAN XXXXXXX VALLEY. | |||||||||||||||||||||
VOLUME: | |||||||||||||||||||||
01) 4,900 BARRELS PER DAY | |||||||||||||||||||||
02) 2,000 BARRELS PER DAY | |||||||||||||||||||||
03) 3,300 BARRELS PER DAY | |||||||||||||||||||||
04) 2,000 BARRELS PER DAY | |||||||||||||||||||||
PRICE: | |||||||||||||||||||||
EXXONMOBIL AGREES TO PAY XXXXX PETROLEUM CO | |||||||||||||||||||||
01) FORMULA NUMBER: 1000316044 | |||||||||||||||||||||
NEW PRICING EFFECTIVE 9/1/2012 THRU 8/31/2014: | |||||||||||||||||||||
PRICE FOR CRUDE OIL SHALL BE THE AVERAGE OF CHEVRON/UNOCAL/EXXONMOBIL/ | |||||||||||||||||||||
SHELL TRADING COMPANY PRICES POSTED FOR MIDWAY SUNSET CRUDE OIL | |||||||||||||||||||||
DURING THE DELIVERY MONTH, +++ $+++ PER NET BARREL DIFFERENTIAL, | |||||||||||||||||||||
ADJUSTED FOR ACTUAL GRAVITY DELIVERED BASED ON THE AVERAGE OF | |||||||||||||||||||||
CHEVRON/UNOCAL/EXXONMOBIL/SHELL TRADING COMPANY GRAVITY SCALES. | |||||||||||||||||||||
DELIVERIES TO BE DEEMED EQUAL DAILY QUANTITES. | |||||||||||||||||||||
********** | |||||||||||||||||||||
********** | |||||||||||||||||||||
DELIVERY VOLUME/LOCATION: APPROXIMATELY 4.2 KBD | |||||||||||||||||||||
INTO EXXONMOBIL SJV PIPELINE VIA | |||||||||||||||||||||
EXXONMOBIL XXXXXX VIA SHELL PIPELINE | |||||||||||||||||||||
FROM XXXXX CENTRAL LEASES. | |||||||||||||||||||||
********** | |||||||||||||||||||||
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | |||||||||||||||||||||
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
AGREEMENT | TODAY'S | ||||||||||||||||||||
DATE: | 08/19/2009 | DATE: | 07/09/2012 | PAGE: | 3 OF 6 | ||||||||||||||||
TO: | XXXXX PETROLEUM CO | FROM: | EXXONMOBIL OIL CORPORATION | ||||||||||||||||||
XXX XXXXX (303.999.4141) | +++ | ||||||||||||||||||||
0000000000 (FAX) | +++ (FAX) | ||||||||||||||||||||
********** | |||||||||||||||||||||
02) FORMULA NUMBER: 1000316045 | |||||||||||||||||||||
NEW PRICING EFFECTIVE 09/01/2012 THRU 08/31/2014: | |||||||||||||||||||||
PRICE FOR CRUDE OIL SHALL BE THE AVERAGE OF CHEVRON/UNOCAL/EXXONMOBIL/ | |||||||||||||||||||||
SHELL TRADING COMPANY PRICES POSTED FOR MIDWAY SUNSET CRUDE OIL | |||||||||||||||||||||
DURING THE DELIVERY MONTH, +++ $+++ PER NET BARREL DIFFERENTIAL, | |||||||||||||||||||||
ADJUSTED FOR ACTUAL GRAVITY DELIVERED BASED ON THE AVERAGE OF | |||||||||||||||||||||
CHEVRON/UNOCAL/EXXONMOBIL/SHELL TRADING COMPANY GRAVITY SCALES. | |||||||||||||||||||||
DELIVERIES TO BE DEEMED EQUAL DAILY QUANTITES. | |||||||||||||||||||||
********** | |||||||||||||||||||||
********** | |||||||||||||||||||||
DELIVERY VOLUME/LOCATION: APPROXIMATELY 3.15 KBD | |||||||||||||||||||||
INTO PLAINS PIPELINE GATHERING LINE | |||||||||||||||||||||
FROM XXXXX X. | |||||||||||||||||||||
********** | |||||||||||||||||||||
03) FORMULA NUMBER: 1000316046 | |||||||||||||||||||||
NEW PRICING TERMS EFFECTIVE 09/01/2012 THRU 08/31/2014: | |||||||||||||||||||||
PRICE FOR CRUDE OIL SHALL BE THE AVERAGE OF CHEVRON/UNOCAL/EXXONMOBIL/ | |||||||||||||||||||||
SHELL TRADING COMPANY PRICES POSTED FOR MIDWAY SUNSET CRUDE OIL | |||||||||||||||||||||
DURING THE DELIVERY MONTH, +++ $+++ PER NET BARREL DIFFERENTIAL, | |||||||||||||||||||||
ADJUSTED FOR ACTUAL GRAVITY DELIVERED BASED ON THE AVERAGE OF | |||||||||||||||||||||
CHEVRON/UNOCAL/EXXONMOBIL/SHELL TRADING COMPANY GRAVITY SCALES. | |||||||||||||||||||||
DELIVERIES TO BE DEEMED EQUAL DAILY QUANTITES. | |||||||||||||||||||||
********** | |||||||||||||||||||||
********** | |||||||||||||||||||||
DELIVERY VOLUME/LOCATION: APPROXIMATELY 3.15 KBD | |||||||||||||||||||||
INTO PLAINS PIPELINE GATHERING LINE | |||||||||||||||||||||
FROM FAIRFIELD LEASES. | |||||||||||||||||||||
********** | |||||||||||||||||||||
********** | |||||||||||||||||||||
04) FORMULA NUMBER: 1000316047 | |||||||||||||||||||||
NEW PRICING TERMS EFFECTIVE 09/01/2012 THRU 08/31/2014: | |||||||||||||||||||||
PRICE FOR CRUDE OIL SHALL BE THE AVERAGE OF CHEVRON/UNOCAL/EXXONMOBIL/ | |||||||||||||||||||||
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
SHELL TRADING COMPANY PRICES POSTED FOR MIDWAY SUNSET CRUDE OIL | |||||||||||||||||||||
DURING THE DELIVERY MONTH, +++ $+++ PER NET BARREL DIFFERENTIAL, | |||||||||||||||||||||
ADJUSTED FOR ACTUAL GRAVITY DELIVERED BASED ON THE AVERAGE OF | |||||||||||||||||||||
CHEVRON/UNOCAL/EXXONMOBIL/SHELL TRADING COMPANY GRAVITY SCALES. | |||||||||||||||||||||
DELIVERIES TO BE DEEMED EQUAL DAILY QUANTITES. | |||||||||||||||||||||
********** | |||||||||||||||||||||
********** | |||||||||||||||||||||
DELIVERY VOLUME/LOCATIONS: APPROXIMATELY 1.6 KBD INTO | |||||||||||||||||||||
CONOCOPHILLIPS COMMON CARRIER | |||||||||||||||||||||
PIPELINE | |||||||||||||||||||||
DELIVERY: | |||||||||||||||||||||
01) WEST COAST PIPELINE CO AT: XXXXXX ROAD, CA | |||||||||||||||||||||
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | |||||||||||||||||||||
AGREEMENT | TODAY'S | ||||||||||||||||||||
DATE: | 08/19/2009 | DATE: | 07/09/2012 | PAGE: | 4 OF 6 | ||||||||||||||||
TO: | XXXXX PETROLEUM CO | FROM: | EXXONMOBIL OIL CORPORATION | ||||||||||||||||||
XXX XXXXX (303.999.4141) | +++ | ||||||||||||||||||||
0000000000 (FAX) | +++ (FAX) | ||||||||||||||||||||
02) PLAINS MARKETING & AT: XXXXX X, CA | |||||||||||||||||||||
03) PLAINS MARKETING & AT: XXXXX FAIRFIELD, CA | |||||||||||||||||||||
04) CONOCOPHILLIPS COMMON CARRIER AT: FORMAX LEASE, CA | |||||||||||||||||||||
TERMINATION: | |||||||||||||||||||||
INITIAL TERMS ARE BEING EXTENDED FROM SEPTEMBER 1, 2012 | |||||||||||||||||||||
THRU AUGUST 31, 2014. FOLLOWING THIS INITIAL PERIOD, | |||||||||||||||||||||
THIS AGREEMENT SHALL CONTINUE THEREAFTER ON A | |||||||||||||||||||||
MONTH-TO-MONTH BASIS UNLESS CONTRACT IS CANCELLED BY | |||||||||||||||||||||
EITHER PARTY WITH A 60-DAY NOTICE OF CANCELLATION. | |||||||||||||||||||||
FIRST NOTICE OF CANCELLATION SHALL NOT BE GIVEN | |||||||||||||||||||||
PRIOR TO JULY 1, 2014. ALL THE OTHER TERMS AND | |||||||||||||||||||||
CONDITIONS REMAIN UNCHANGED AND ARE IN FULL FORCE | |||||||||||||||||||||
AND EFFECT. | |||||||||||||||||||||
******* | |||||||||||||||||||||
******* | |||||||||||||||||||||
INITIAL TERMS BELOW ARE BEING EXTENDED THROUGH | |||||||||||||||||||||
NOVEMBER 30, 2010. NEW PRICING TERMS WILL BE EFFECTIVE | |||||||||||||||||||||
DECEMBER 1, 2010 THROUGH NOVEMBER 30, 2011. | |||||||||||||||||||||
FOLLOWING THIS PERIOD, THIS AGREEMENT SHALL CONTINUE |
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
THEREAFTER ON A MONTH-TO-MONTH BASIS UNLESS EITHER PARTY | |||||||||||||||||||||
SERVES TERMINATION NOTICE OF AT LEAST 90 DAYS. IF THE | |||||||||||||||||||||
AGREEMENT IS TERMINATED OR NEW TERMS ARE NEGOTIATED | |||||||||||||||||||||
DURING THE 90-DAY NOTICE PERIOD, THE TERMINATION OR NEW | |||||||||||||||||||||
TERMS WILL BE EFFECTIVE ON THE FIRST OF THE CALENDAR | |||||||||||||||||||||
MONTH OCCURRING 90 DAYS AFTER NOTICE IS SERVED. | |||||||||||||||||||||
FOR EXAMPLE, IF EITHER PARTY SERVED NOTICE ON | |||||||||||||||||||||
SEPTEMBER 1, 2011, TERMINATION OR ANY NEWLY NEGOTIATED | |||||||||||||||||||||
TERMS WOULD TAKE EFFECT ON DECEMBER 1, 2011. THE | |||||||||||||||||||||
EARLIEST THE AGREEMENT MAY BE TERMINATED IS AT THE END | |||||||||||||||||||||
OF THE INITIAL TERM UPON SERVING TERMINATION NOTICE | |||||||||||||||||||||
ON OR BEFORE SEPTEMBER 1, 2011. | |||||||||||||||||||||
******** | |||||||||||||||||||||
******** | |||||||||||||||||||||
******** | |||||||||||||||||||||
BEGINNING OCTOBER 1, 2009 THRU SEPTEMBER 30, 2010. | |||||||||||||||||||||
FOLLOWING THIS INITIAL PERIOD, THIS AGREEMENT SHALL | |||||||||||||||||||||
CONTINUE THEREAFTER ON A MONTH-TO-MONTH BASIS UNLESS | |||||||||||||||||||||
CONTRACT IS CANCELLED BY EITHER PARTY WITH A 60-DAY | |||||||||||||||||||||
NOTICE OF CANCELLATION. FIRST NOTICE OF CANCELLATION | |||||||||||||||||||||
SHALL NOT BE GIVEN PRIOR TO AUGUST 1, 2010. | |||||||||||||||||||||
____________________________________________________________________________________________________________ | |||||||||||||||||||||
OTHER SPECIAL PROVISIONS: | |||||||||||||||||||||
PLEASE REFER TO CONTRACT NUMBER BRRY1403TE ON ALL CORRESPONDENCE INCLUDING STATEMENTS AND | |||||||||||||||||||||
WIRE TRANSFERS | |||||||||||||||||||||
GENERAL TERMS: | |||||||||||||||||||||
CONOCO'S GENERAL PROVISIONS FOR DOMESTIC CRUDE OIL AGREEMENTS DATED | |||||||||||||||||||||
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | |||||||||||||||||||||
AGREEMENT | TODAY'S | ||||||||||||||||||||
DATE: | 08/19/2009 | DATE: | 07/09/2012 | PAGE: | 5 OF 6 | ||||||||||||||||
TO: | XXXXX PETROLEUM CO | FROM: | EXXONMOBIL OIL CORPORATION | ||||||||||||||||||
XXX XXXXX (303.999.4141) | +++ | ||||||||||||||||||||
0000000000 (FAX) | +++ (FAX) | ||||||||||||||||||||
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
JANUARY 1, 1993 ARE INCORPORATED HEREIN BY REFERENCE AND MADE PART OF | |||||||||||||||||||||
THIS AGREEMENT. | |||||||||||||||||||||
. | |||||||||||||||||||||
IN THE EVENT OF A CONFLICT BETWEEN THESE GENERAL TERMS AND CONDITIONS | |||||||||||||||||||||
AND THE SPECIFIC TERMS AND CONDITIONS OF THE AGREEMENT, THE SPECIFIC | |||||||||||||||||||||
TERMS AND CONDITIONS SHALL GOVERN. | |||||||||||||||||||||
. | |||||||||||||||||||||
CRUDE EXPORT CLAUSE: | |||||||||||||||||||||
IN THE EVENT THE CRUDE OIL WILL BE EXPORTED FROM THE UNITED | |||||||||||||||||||||
STATES, BUYER UNDERTAKES TO DETERMINE ANY EXPORT LICENSE | |||||||||||||||||||||
REQUIREMENTS TO OBTAIN ANY EXPORT LICENSE OR OTHER OFFICIAL | |||||||||||||||||||||
AUTHORIZATION AND TO CARRY OUT ANY CUSTOMS FORMALITIES FOR THE | |||||||||||||||||||||
EXPORT OF THE CRUDE OIL. | |||||||||||||||||||||
PAYMENT TERMS: | |||||||||||||||||||||
IN CONSIDERATION FOR THE MUTUAL EFFICIENCIES ARISING FROM NET | |||||||||||||||||||||
SETTLEMENT, UNLESS OTHERWISE SPECIFIED, THE PARTIES WILL USE THE | |||||||||||||||||||||
FOLLOWING PROCEDURE, EXCEPT AS TO CONTRACTS FOR THE DELIVERY OF | |||||||||||||||||||||
CRUDE OIL AND/OR CONDENSATE DELIVERED BY TANKER(S) AND CONTRACTS | |||||||||||||||||||||
SECURED BY PREPAYMENT AND/OR DOCUMENTARY LETTER(S) OF CREDIT, WHICH | |||||||||||||||||||||
SHALL BE EXCLUDED FROM THIS CLAUSE AND PAID ACCORDING TO THE PROVISIONS | |||||||||||||||||||||
OF THE APPLICABLE CONTRACTS BETWEEN THE PARTIES. THE PARTIES SHALL | |||||||||||||||||||||
CONTINUE TO ISSUE INVOICES, IN ACCORDANCE WITH CONTRACT TERMS, IN THE | |||||||||||||||||||||
NORMAL COURSE OF BUSINESS. ON OR BEFORE THE 20TH CALENDAR DAY (OR THE | |||||||||||||||||||||
PRECEDING BUSINESS DAY, IF THE 20TH IS NOT A BUSINESS DAY) OF THE MONTH | |||||||||||||||||||||
FOLLOWING THE MONTH DURING WHICH DELIVERIES OCCUR PURSUANT TO TERMS OF | |||||||||||||||||||||
CONTRACTS BETWEEN THE PARTIES, THE PARTIES WILL COMMUNICATE AND CONFIRM | |||||||||||||||||||||
THE INVOICED AMOUNTS TO BE INCLUDED IN THE NET PAYMENT (OR NET | |||||||||||||||||||||
SETTLEMENT) OF ACCOUNTS. ANY REMAINING BALANCE SHALL BE PAID BY THE | |||||||||||||||||||||
PARTY OWING SUCH AMOUNT TO THE OTHER PARTY ON THE DATE THE GROSS | |||||||||||||||||||||
AMOUNTS ARE DUE PER THE CONTRACTS. | |||||||||||||||||||||
TITLE TRANSFER: | |||||||||||||||||||||
BY TRANSFER FROM DELIVERING PARTY'S TO RECEIVING PARTY'S ACCOUNT AT THE | |||||||||||||||||||||
LOCATION(S) DESCRIBED HEREIN, AT WHICH POINT(S) TITLE SHALL PASS AS | |||||||||||||||||||||
EVIDENCED BY RUN TICKETS/ALLOCATION STATEMENTS ISSUED BY THE CARRIER(S) | |||||||||||||||||||||
INVOLVED. | |||||||||||||||||||||
THIS CONTRACT, INCLUDING THE ABOVE REFERENCED GENERAL TERMS COMPRISES | |||||||||||||||||||||
THE ENTIRE AGREEMENT BETWEEN THE PARTIES AND MERGES AND SUPERSEDES ALL | |||||||||||||||||||||
PRIOR REPRESENTATIONS AND UNDERSTANDINGS BETWEEN THE PARTIES HERETO | |||||||||||||||||||||
COVERING THE SUBJECT MATTER HEREOF. | |||||||||||||||||||||
ASSIGNMENT CLAUSE: | |||||||||||||||||||||
NEITHER PARTY SHALL ASSIGN THIS AGREEMENT WITHOUT THE PRIOR WRITTEN | |||||||||||||||||||||
CONSENT OF THE OTHER. NOTWITHSTANDING THE FOREGOING, EXXONMOBIL OIL | |||||||||||||||||||||
CORPORATION SHALL HAVE THE RIGHT TO ASSIGN THIS AGREEMENT TO AN | |||||||||||||||||||||
AFFILIATE WITHOUT WRITTEN CONSENT, BY PROVIDING WRITTEN NOTICE TO THE | |||||||||||||||||||||
OTHER PARTY. |
Redacted portions have been marked with [+++]. The redacted portions are subject to a request for confidential treatment that has been filed with the Securities and Exchange Commission. | |||||||||||||||||||||
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | |||||||||||||||||||||
AGREEMENT | TODAY'S | ||||||||||||||||||||
DATE: | 08/19/2009 | DATE: | 07/09/2012 | PAGE: | 6 OF 6 | ||||||||||||||||
TO: | XXXXX PETROLEUM CO | FROM: | EXXONMOBIL OIL CORPORATION | ||||||||||||||||||
XXX XXXXX (303.999.4141) | +++ | ||||||||||||||||||||
0000000000 (FAX) | +++ (FAX) | ||||||||||||||||||||
DOCUMENTATION INSTRUCTIONS: | |||||||||||||||||||||
THIS DOCUMENT EVIDENCES OUR UNDERSTANDING OF THE ENTIRE AGREEMENT AND | |||||||||||||||||||||
SHALL CONSTITUTE THE FORMAL CONTRACT. PLEASE CONFIRM BY IMMEDIATE FAX | |||||||||||||||||||||
TO THE EXXONMOBIL CONTRACT ADMINISTRATOR THAT THE ABOVE IS IN | |||||||||||||||||||||
ACCORDANCE WITH YOUR UNDERSTANDING. ABSENT WRITTEN NOTICE OF | |||||||||||||||||||||
OBJECTION, WE ASSUME YOUR AGREEMENT TO THESE TERMS AND CONDITIONS. YOUR | |||||||||||||||||||||
RESPONSE SHOULD REFLECT THE APPROPRIATE PARTY IN YOUR ORGANIZATION WHO | |||||||||||||||||||||
HAS THE AUTHORITY TO ENTER INTO THIS AGREEMENT. | |||||||||||||||||||||
*** | |||||||||||||||||||||
INVOICES TO EXXONMOBIL SHOULD BE MAILED OR FAXED AS FOLLOWS: | |||||||||||||||||||||
EXXONMOBIL OIL CORPORATION | |||||||||||||||||||||
+++ | |||||||||||||||||||||
+++ | |||||||||||||||||||||
ATTN: +++ | |||||||||||||||||||||
FAX # +++(INVOICES ONLY) | |||||||||||||||||||||
*** | |||||||||||||||||||||
EXXONMOBIL CONTRACT ADMINISTRATOR: +++ | |||||||||||||||||||||
EXCEPT AS NOTED ABOVE, ALL OTHER PROVISIONS FOR THE AGREEMENT REMAIN UNCHANGED. PLEASE | |||||||||||||||||||||
ACKNOWLEDGE RECEIPT OF THIS CONFIRMATION BY RETURN FAX TO +++. ABSENT WRITTEN | |||||||||||||||||||||
NOTICE OF OBJECTION, WE ASSUME YOUR ACCEPTANCE OF THESE TERMS AND CONDITIONS. | |||||||||||||||||||||
SIGNATURE: +++ | |||||||||||||||||||||