Common Contracts

RIVERSIDE REFINING MEMORANDUM OF UNDERSTANDING

April 13th, 2015

• Filed
  April 13th, 2015

This Memorandum of Understanding (“MOU”) outlines the terms and conditions under which Riverside Energy, Inc. (“Riverside”), and the Port of Longview (“Port”) propose to enter into a lease or partnership arrangement for the purpose of siting and operating an approximately 30,000 (thirty-thousand) barrel per day (BPD) crude oil refinery under development by Riverside within the Port's boundaries and utilizing existing Port facilities. This project will hereafter be referred to as the Refinery or the Project. Riverside and the Port shall individually be known as a Party and collectively as the Parties to this MOU.