Exhibit 10.13
FIRST AMENDMENT
TO
ASSET PURCHASE AND SALE AGREEMENT
between
XXXXXXXX REFINING & MARKETING, L.L.C.,
XXXXXXXX GENERATING MEMPHIS, L.L.C.,
XXXXXXXX MEMPHIS TERMINAL, INC.,
XXXXXXXX PETROLEUM PIPELINE SYSTEMS, INC.
AND
XXXXXXXX MID-SOUTH PIPELINES, LLC
Sellers
and
THE XXXXXXXX COMPANIES. INC.
Sellers' Guarantor
and
THE PREMCOR REFINING GROUP, INC.
Purchaser
and
PREMCOR INC.
Purchaser's Guarantor
This First Amendment is made effective as of January 16, 2003 by and
among the Sellers, Sellers' Guarantor, the Purchaser and Purchaser's Guarantor
(the "Parties").
RECITALS
A. The Parties made and entered into that certain Asset Purchase and
Sale Agreement as of the 25/th/ day of November, 2002 (the "Asset PSA").
B. The Parties now desire to amend the Asset PSA as set forth herein.
In consideration of the matters set forth herein, the Parties agree that
the Asset PSA is hereby amended in the following particulars:
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1. Exhibit H - Financing Commitments. First Amended Exhibit H is attached
hereto. It replaces and supersedes Exhibit H to the Asset PSA. Pursuant to
Section 5.l(i) of the Asset PSA, First Amended Exhibit H incorporates copies of
the Purchaser's financing commitment letters from Blackstone Management
Associates III, Occidental C.O.B. Partners, Xxxxxx X. X'Xxxxxx, Xxxxxx Xxxxxxx
Senior Funding, Inc. and Xxxxxx Xxxxxxx Capital Group Inc
2. Schedules 6.2(m) and 6.2(n). First Amended Schedules 6.2(m) and 6.2(n)
are attached hereto and replace and supersede Schedules 6.2(m) and 6.2(n) to the
Asset PSA.
3. Sellers Closing Obligations. The first phrase of Section 3.2(a) is
amended to read as follows: "Sellers shall deliver to Purchaser or to
Purchaser's Affiliates or designees (as specified in writing at least three (3)
business days prior to Closing):"
[THE BALANCE OF THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK, WITH
SIGNATURES APPEARING ON THE NEXT PAGE]
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Signature page to that certain First Amendment to Asset Purchase and Sale
Agreement between Xxxxxxxx Refining & Marketing, LLC., Xxxxxxxx Generating
Memphis, L.L.C., Xxxxxxxx Memphis Terminal, Inc., Xxxxxxxx Petroleum Pipeline
Systems, Inc and Xxxxxxxx Mid-South Pipelines, LLC (Sellers), The Xxxxxxxx
Companies, Inc. (Sellers' Guarantor) and Premcor Refining Group, Inc.
(Purchaser) and Premcor Inc. (Purchaser's Guarantor)
IN WITNESS WHEREOF, the Parties have caused this First Amendment to be
executed by their duly authorized representatives as of the date first above
written.
"Purchaser" "Sellers"
The Premcor Refining Group, Inc. Xxxxxxxx Refining & Marketing, L.L.C.
By: /s/ Xxxxxxx Xxxxx By: ____________________________________
-------------------------------------- Name: ______________________________
Name: Xxxxxxx Xxxxx Title: _____________________________
---------------------------------
Title: Senior X.X. Xxxxxxxx Generating Memphis, L.L.C.
--------------------------------
"Purchaser's Guarantor" By: ____________________________________
Name: ______________________________
Premcor Inc. Title: _____________________________
By: /s/ Xxxxxxx Xxxxx Xxxxxxxx Memphis Terminal, Inc.
--------------------------------------
Name: Xxxxxxx Xxxxx
--------------------------------- By: ____________________________________
Title: Senior V.P. and General Counsel Name: ______________________________
-------------------------------- Title: _____________________________
Xxxxxxxx Petroleum Pipeline Systems, Inc.
By: ____________________________________
Name: ______________________________
Title: ____________________________
"Sellers' Guarantor"
The Xxxxxxxx Companies, Inc. Xxxxxxxx Mid-South Pipeline, LLC
By: ______________________________________ By: ____________________________________
Name: ________________________________ Name: ______________________________
Title: _______________________________ Title: _____________________________
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Signature page to that certain First Amendment to Asset Purchase and Sale
Agreement between Xxxxxxxx Refining & Marketing, LLC., Xxxxxxxx Generating
Memphis, L.L.C., Xxxxxxxx Memphis Terminal, Inc., Xxxxxxxx Petroleum Pipeline
Systems, Inc. and Xxxxxxxx Mid-South Pipelines, LLC (Sellers), The Xxxxxxxx
Companies, Inc. (Sellers' Guarantor) and Premcor Refining Group, Inc.
(Purchaser) and Premcor Inc. (Purchaser's Guarantor)
IN WITNESS WHEREOF, the Parties have caused this First Amendment to be
executed by their duly authorized representatives as of the date first above
written.
"Purchaser" "Sellers"
The Premcor Refining Group, Inc. Xxxxxxxx Refining & Marketing, L.L.C.
By: ______________________________________ By: /s/ Xxxxx X. Xxxxxxxx
Name: ________________________________ ------------------------------------
Title: _______________________________ Name: Xxxxx X. Xxxxxxxx
------------------------------
Title: President
-----------------------------
Xxxxxxxx Generating Memphis, L.L.C.
"Purchaser's Guarantor"
By: /s/ Xxxxx X. Xxxxxxxx
Premcor Inc. ------------------------------------
Name: Xxxxx X. Xxxxxxxx
------------------------------
Title: President
-----------------------------
By: ______________________________________ Xxxxxxxx Memphis Terminal, Inc.
Name: ________________________________
Title: _______________________________ By: /s/ Xxxxx X. Xxxxxxxx
------------------------------------
Name: Xxxxx X. Xxxxxxxx
------------------------------
Title: President
-----------------------------
Xxxxxxxx Petroleum Pipeline Systems, Inc.
By: /s/ Xxxxx X. Xxxxxxxx
------------------------------------
Name: Xxxxx X. Xxxxxxxx
------------------------------
Title: Vice President
-----------------------------
"Sellers' Guarantor"
Xxxxxxxx Mid-South Pipeline, LLC
The Xxxxxxxx Companies, Inc.
By: /s/ Xxxxx X. Xxxxxxxx
/s/ Xxxxxx X. Xxxxxx ------------------------------------
By: -------------------------------------- Name: Xxxxx X. Xxxxxxxx
Name: Xxxxxx X. Xxxxxx ------------------------------
-------------------------------- Title: President
Title: Chief Restructuring Officer -----------------------------
-------------------------------
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