Sample Business Contracts

Pipeline Capacity Lease Agreement [Extension] - LaGloria Oil and Gas Co. 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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                 EXTENSION OF PIPELINE CAPACITY LEASE AGREEMENT

          WHEREAS, LaGloria Oil & Gas Company ("LaGloria") and Plains Marketing,
L.P. ("Plains") as successor to Scurlock Permian LLC are Parties to that certain
Pipeline Capacity Lease Agreement ("Lease") dated April 12, 1999, for an initial
term of five (5) years commencing January 1, 2004 through December 31, 2004, a
copy of which is attached hereto and incorporated herein in its entirety; and

          WHEREAS, Delek Refining, Ltd., as successor in interest to LaGloria
Oil & Gas Company and Plains Marketing, L.P. executed that certain One (1) Year
Renewal of Pipeline Capacity Lease Agreement attached hereto and incorporated
herein in its entirety renewing the Lease for one (1) additional lease year
commencing on January 1, 2005 through December 31, 2005; and

          WHEREAS, Plains Marketing, L.P. and Delek Refining, Ltd. executed an
Amendment to the One (1) Year Renewal of Pipeline Capacity Lease Agreement
attached hereto and incorporated herein in its entirety; changing the pricing
provisions in Section 4 of the Lease effective from September 1, 2005 through
December 31, 2005;

          WHEREAS, the said Delek Refining, Ltd. and Plains Marketing, L.P.
desire to extend the original Lease and each of the above referenced amendments
of the Lease under the same terms and conditions from January 1, 2006 through
April 30, 2006;

          NOW, THEREFORE, in consideration of the mutual benefits of the Parties
hereto, by execution below Plains Marketing, L.P. and Delek Refining, Ltd.
extend the Lease and each of the referenced amendments thereto from January 1,
2006 through April 30, 2006 under the same terms and conditions set forth in the
Lease and the amendments thereto.

          This Extension of Pipeline Capacity Agreement is executed in duplicate
each of which is deemed an original for all purposes on the dates set forth
below but effective January 1, 2006.

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


By: /s/ J.B. Fryfogle                By: /s/ 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: /s/ Tony McLarty
                                         ---------------------------------------
                                     Name: Tony McLarty
                                     Title: VP of Human Resources
                                     Date: 1/15/06