Exhibit 10.10
ADDENDUM TO DISTRIBUTOR FRANCHISE
AGREEMENT
THIS ADDENDUM TO DISTRIBUTOR
FRANCHISE AGREEMENT is entered into on this 15 day of January,
1996, by and between SSP Partners , P.O. Box 9036, Corpus
Christi, Texas 78469 (the “Company”) and CITGO
Petroleum Corporation , a Delaware corporation, having offices
at 6100 South Yale, Tulsa, Oklahoma 74136 (“CITGO”
).
WHEREAS, the Company and CITGO have
entered into a Distributor Franchise Agreement on ______________,
199__, (the “DFA”), and
WHEREAS, CITGO and the Company have
entered into a Loan Agreement dated January 15 1996, for a
loan of $588,000 from CITGO to the Company (the
“Loan”); and
WHEREAS, CITGO and the Company
desire to extend the term of the DFA and make certain other
modifications to the DFA as set forth herein.
NOW THEREFORE in consideration of
the premises and the covenants contained herein CITGO and the
Company hereby agree as follows:
1. The term of the DFA is extended
to January 31, 2001. Thereafter, the DFA will renew for one
year periods unless terminated by the Company upon ninety
(90) days written notice prior to the end of the then current
term or terminated by CITGO pursuant to the provisions of the
Petroleum Marketing Practices Act.
2. Section 9 of the DFA is
amended by substituting “15 business days” for
“five days” in the first sentence
3. Section 10 of the DFA is
amended by deleting the last sentence.
4. The parties acknowledge that the
volume requirements for the Stations are estimates a
