FIRST AMENDMENT TO FUEL SALES AND LICENSING AGREEMENT
Exhibit 10.8
This First Amendment to Fuel Sales and Licensing Agreement between Alon USA, LP (“Alon”) and
Alon Brands, Inc. (“Brands”), dated November 15, 2010 (this “Amendment”), amends that certain Fuel
Sales and Licensing Agreement by and between Alon and Brands, dated as of November 1, 2009 (the
“Agreement”).
WITNESSETH:
FOR AND IN CONSIDERATION of the premises, Seller and Buyer agree to amend certain provisions
of the Agreement as set forth below.
1. DEFINED TERMS
All initially capitalized terms used herein and not otherwise defined shall have the meanings
ascribed to such terms in the Agreement.
2. AMENDMENTS
a. The first sentence of Section 2 of the Agreement (Supply) is hereby amended in its entirety
to read as follows:
“The “stated quantity” shall be equal to 310,000,000 gallons per year total of
the above listed products, forecasted by terminal on a monthly basis in accordance
with the format set forth on Exhibit B.”
b. The first sentence of the last paragraph of Section 3 (Price) is hereby amended in its
entirety to read as follows:
“Tax incentives related to the use of reformulated fuels such as the current
ethanol blender’s credit of $.45 per gallon will be completely passed to Brands if
in accordance with then-current industry standards.”
c. Section 7 (Term) is hereby amended in its entirety to read as follows:
“This Agreement will be in force and effect from the date on which Brands’
Registration Statement on Form S-1, registering certain equity securities of Brands
pursuant to the Securities Act of 1933, as amended, is declared effective by the
Securities and Exchange Commission (the “Effective Date”) and shall continue until
December 31, 2030.”
d. The second sentence of Section 8 (Placement and Handling Fee Adjustments) is hereby
amended in its entirety to read as follows:
“Alon shall give Brands notice of its receipt of any notification from a third
party that will result in an increase or decrease in Alon’s costs of transporting,
handling or terminalling Products.”
3. EFFECT OF AMENDMENT
Except as specifically amended above, all of the original terms and conditions of the
Agreement shall remain in full force and effect.
This Amendment shall not be binding on either party until both parties have executed the
Amendment by signing below.
| ALON USA, LP | ALON BRANDS, INC. | |||||||||||
| By: Alon USA GP, LLC | ||||||||||||
| Its: General Partner | ||||||||||||
By:
|
/s/ Xxxx Xxxxxx | By: | /s/ Xxxx XxXxxx | |||||||||
| Name: | Xxxx Xxxxxx | Name: | Xxxx XxXxxx | |||||||||
| Title: | President | Title: | Chief Executive Officer | |||||||||
