EXHIBIT 10.9
EXECUTION COPY
LINK ENERGY LIMITED PARTNERSHIP
P.O. BOX 4666
Houston, Taxes 77210-466
xxx.xxxxxxxxxx.xxx
February 24, 2004
Standard Chartered Trade Services Corporation
Xxx Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Re: Extensions
Gentlemen:
Link Energy Limited Partnership ("Link") hereby notifies Standard
Chartered Trade Services Corporation ("SCTSC") of its intent to extend the
following agreements:
1. Second Amended and Restated Commodities Repurchase Agreement,
dated as of February 11, 2003 (as amended, supplemented, restated or otherwise
modified from time to time, the "Crude Oil Purchase Agreement"); and
2. Second Amended and Restated Receivables Purchase Agreement,
dated as of February 11, 2003 (as amended, supplemented, restated or otherwise
modified from time to time, the "Receivables Purchase Agreement").
The Crude Oil Purchase Agreement and Receivables Purchase Agreement are
hereby referred to collectively as the "Agreements."
Link hereby elects to extend the Agreements from the First Extension
Date, as defined in the Agreements, to June 1, 2004. Additionally, Xxxx agrees
to pay to SCTSC the applicable extension fees of $437,500, as agreed between the
parties and execute all necessary documents to effectuate the extensions.
Please evidence your acceptance of Link election to extend the
Agreements by signing on behalf of SCTSC in the space provided and providing a
signed copy of the letter to Link for its files.
Standard Chartered Trade Services Corporation
February 24, 2004
Page 2
Should you have any questions, please contact me.
Very truly yours,
Link Energy Limited Partnership
By: Link Energy LLC, its duly authorized agent
by: ___________________________________________
Xxxxx X. Xxxxxx
Vice President and Treasurer
Agreed to and Accepted
this _____ day of __________ , 2004, by:
Standard Chartered Trade Services Corporation
By: ___________________________________
Name: _________________________________
Title: ________________________________
By: ___________________________________
Name: _________________________________
Title: ________________________________
