Lease/Installment - Purchase Agreement Sample Contracts

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January 7, 1999
Lease/Installment Purchase Agreement • November 10th, 1999 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
Mr. Jerry Lockett Vice President - Gas Liquids Penn Octane Corporation 1110 Kingwood Dr. Kingwood, Tx. 77339 Reference: Agreed Amendment Rental Adjustment (Mexican Side) Dear Mr. Lockett: Penn Octane Corporation (POC) and CPSC International (CPSC)...
Lease/Installment - Purchase Agreement • November 10th, 1999 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)

Penn Octane Corporation (POC) and CPSC International (CPSC) have agreed and plan to enter into a long term Lease/Installment - Purchase Agreement. The project cost of the pipelines, right of way, transfer terminal etc. has been estimated to be Four Million Dollars and zero cents ($4,000,000.00). This letter has been prepared to provide the formula to be used in determining the monthly rental rate adjustment if the Total Installed Cost (TIC) is not said $4,000,000.00.

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