Sample Business Contracts

Pipeline Capacity Lease Agreement [Renewal Amendment] - Delek Refining Ltd. and Plains Marketing LP

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Commercial Lease. Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
Commercial Sublease. When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
Triple Net Lease. Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
Office Space Lease. When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.

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                        AMENDMENT TO ONE-YEAR RENEWAL OF
                       PIPELINE CAPACITY LEASE AGREEMENT


     WHEREAS, Delek Refining, Ltd. ("Delek") and Plains Marketing, L.P.
("Plains") entered into that certain One-Year Renewal of Pipeline Capacity
Lease Agreement ("Agreement") effective January 1, 2005 through December 31,
2005, a copy of which is attached hereto and incorporated herein in its
entirety; and

     WHEREAS, Delek and Plains ("Parties") desire to amend the Agreement insofar
as the monthly rental payable by Delek to Plains or the period of September 1,
2005 through December 31, 2005 to establish a fixed monthly rental whereas the
first 27,000 barrels per day of crude oil each calendar month will be [***] per
barrel and a reduced monthly rental rate of [***] per barrel for the volume in
excess of 27,000 barrels per day.

     NOW, THEREFORE, in consideration of the Premises and the mutual covenants
conditions contained herein and in the lease, Delek and Plains hereby amend
said Agreement as follows:

     Section 4 (Rent) is modified as follows:

     For each calendar month in which the average deliveries is 27,000 barrels
per day of crude oil or less, the monthly rental shall be calculated as
follows:

     Monthly Rental = Days in the month x the actual volume delivered up to and
     including 27,000 barrels per day x [***] per barrel.

     For each calendar month in which the average daily deliveries of crude oil
     exceeds 27,000 per day, the monthly rental on the barrels in excess of
     27,000 barrels per day shall be calculated as follows:

     Monthly Rental = Volume in excess of the 27,000 barrels per day x [***]
     per barrel.

     As herein modified, the Parties ratify, adopt and confirm all the terms
and provisions of the Agreement attached hereto and incorporated within.


Plains Marketing, L.P.                Delek Refining, Ltd. by it General Partner
By Plains Marketing GP Inc.           Delek U.S. Refining, GP, LLC
Its General Partner



By: J.B. Fryfogle                     By: Frederec Green
   ----------------------------           ----------------------------------
Name: J.B. Fryfogle                   Name: Frederec Green
   ----------------------------           ----------------------------------
Title: V.P. Refinery Supply           Title: Chief Operating Officer
   ----------------------------           ----------------------------------
Date: Dec 21, 2005                    Date: 1/15/06
   ----------------------------           ----------------------------------

                                      By: Tony McLarty
                                          ----------------------------------
                                      Name: Tony McLarty
                                          ----------------------------------
                                      Title: VP
                                          ----------------------------------
                                      Date: 1/15/06
                                          ----------------------------------

[***] CONFIDENTIAL TREATMENT REQUESTED