LEASE MOU TERMINATION AGREEMENTLease Termination Agreement |
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Exhibit 10.02
LEASE MOU TERMINATION AGREEMENT
This Lease MOU Termination Agreement (the “Agreement”) is entered into by and between Valero Corporate Services Company, a Delaware corporation (“VCSC”), and Valero Logistics Operations, L.P. (“VLI”), as of the 22nd of December, 2006.
BACKGROUND
A.
VCSC and VLI entered into a Memorandum of
Understanding (“MOU”), effective January 1, 2006 regarding an
Office Lease Agreement detailing certain terms associated with the proposed lease
of space by VCSC to VLI in a new building presently under construction at
VCSC’s corporate headquarters located at One Valero Way, San Antonio,
Texas. A copy of the MOU is attached as Exhibit A to this Agreement.
B.
VLI now desires to move to a different
facility located elsewhere in San Antonio.
C.
VCSC and VLI wish to terminate the MOU.
AGREEMENT
For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, VCSC and VLI agree to terminate the MOU as of the date hereof.
IN WITNESS WHEREOF, VCSC and VLI have executed this Agreement as of the date first referenced above.
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VALERO
CORPORATE SERVICES COMPANY |
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BY: |
/s/ Michael S. Ciskowski |
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NAME: |
Michael S. Ciskowski |
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TITILE: |
Executive Vice President |
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VALERO
LOGISTICS OPERATIONS, L.P. |
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BY: VALERO GP, INC., ITS GENERAL PARTNER |
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BY: |
/s/ Curtis V. Anastasio |
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NAME: |
Curtis V. Anastasio |
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TITILE: |
President & C.E.O. |
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EXHIBIT A
MEMORANDUM OF UNDERSTANDING ATTACHED
Memorandum
of Understanding
Regarding Office Lease Agreement
Between
Valero Corporate Services Company, as Landlord, and
Valero Logistics Operations, L.P., as Tenant
This Memorandum of Understanding, by and between Valero Corporate Services Company, a Delaware corporation, and Valero Logistics Operations, L.P., a Delaware limited partnership, will serve to document the agreement of such parties on the principal terms of an Office Lease Agreement (the “Lease Agreement”) to be executed by the parties. The parties agree to more fully memorialize these agreements in the Lease Agreement no later than March 31, 2006, or such other date as may be mutually agreed to by the parties. Until such Lease Agreement is executed and delivered on behalf of the parties, the terms of this Memorandum of Understanding shall be binding on the parties.
Principal
Terms of Lease Agreement:
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Landlord: |
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Valero Corporate Services Company |
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Tenant: |
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Valero Logistics Operations, L.P. |
Leased Premises: All of a floor (approximately 63,803 square feet, floor to-be-determined) of the to-be-constructed office building (the “Building”) totaling approximately 259,455 square feet at Valero corporate headquarters (the “Project”), in San Antonio, Bexar County, Texas, located on that certain parcel of land (the “Land”) replatted as Lot 6, Block 2, N
