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Services Outsourcing Agreement

 

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Title:

Services Outsourcing Agreement

Entities:

Exxon Mobil Corp.; Petro Stopping Centers, L.P.; Petro Stopping Centers Holdings LP

Date:

2003

Size:

Preview shows 4KB of 42KB total

Price:

$33

ID:

#169275

 

 

► Business ► Sourcing ► Outsourcing ► Misc. Outsourcing Agreements
► Miscellany ► Fortune 100

 

 

Start of Preview




SERVICES OUTSOURCING AGREEMENT

BETWEEN

Mobil Diesel Supply Corporation

AND

Petro Stopping Centers, L.P.

{PAGE}

Mobil Diesel Supply Corporation

SERVICES OUTSOURCING AGREEMENT

This Mobil Diesel Supply Corporation Services Outsourcing Agreement
("Agreement") is made effective as of the June 1, 2001 by and between Mobil
Diesel Supply Corporation, a corporation having an office at 3225 Gallows Road,
Fairfax, Virginia 22037, acting for and on behalf of ExxonMobil Oil Corporation
(hereinafter called "MDS"), and Petro Stopping Centers L.P., a Limited
Partnership with its principal place of business at 6080 Surety Drive, El Paso,
Texas 79905, (hereinafter called "Petro")

PRELIMINARY STATEMENTS

1. Petro operates and is the franchisor of large, multi-service truck stops in
the United States, which are known as "Petro Stopping Centers." Petro
Stopping Centers offer a broad range of products, services and amenities,
including diesel fuel, gasoline, truck preventive maintenance centers,
home-style restaurants, and retail merchandise stores to the professional
truck driver industry and other highway motorists.

2. Petro is a major reseller of Mobil branded diesel fuel, gasoline and
lubricants. A PMPA Motor Fuels Franchise Agreement (hereinafter called
"Franchise Agreement") is in place between ExxonMobil Oil Corporation
(formerly Mobil Oil Corporation, hereinafter called "Mobil Oil") and Petro
under which Petro purchases diesel fuel and gasoline from Mobil Oil for
resale under the Mobil brand. A Master Supply Agreement for the Resale Of
Oil And Greases is also in place between Mobil Oil and Petro under which
Petro purchases lubricants from Mobil Oil for resale under the Mobil brand.

3. Mobil Long Haul, Inc. a wholly-owned subsidiary of Exxon Mobil Corporation,
is one of the partners in Petro Stopping Centers Holdings ,L.P. and
accordingly holds 2 board of director positions on the Petro Board.

4. MDS is a wholly-owned subsidiary of ExxonMobil Oil Corporation formed in
1997 principally to purchase unbranded diesel fuel at the request of Mobil
Oil from third party suppliers, brand such diesel fuel "Mobil" and then
sell the Mobil branded diesel fuel to Petro for resale under the Mobil
brand in accordance with the Franchise Agreement. MDS's principal purpose
is to act for and on behalf of Mobil Oil in an effort to provide Petro with
Mobil branded diesel fuel to meet Mobil Oil's obligations to sell such
diesel fuel under the Franchise Agreement not otherwise supplied directly
by Mobil Oil under the Franchise Agreement. The Mobil branded diesel fuel
is sold by MDS to Petro at cost. MDS does not anticipate profits, and
operational expenses should be minimized. At Mobil Oil's request, MDS also
sells to Petro Mobil branded diesel and gasoline, sourced from Mobil Oil,
for resale by Petro under the Mobil brand in accordance with the Franchise
Agreement.

5. Petro has been providing the majority of the services from MDS described in
the work (as defined below) since March 1997. MDS has received assurances
from Petro that Petro can continue to provide these services, which include
fuel procurement, accounting and administrative services to MDS.
Consequently, MDS now wishes to contract with Petro for the provision of

 

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