Exhibit 10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (“Agreement”) is executed this 24th day of March 2015,
by and between Calumet GP, LLC (“Company”) and William H. Hatch (“Executive”)
(jointly, the “Parties”).

WHEREAS, the Company and Executive desire to enter into an at-will employment
relationship through which Executive will have access to certain confidential
and proprietary information regarding the business of the Company and have
access to the Company’s customer base.

WHEREAS the Company desires to protect its confidential and proprietary
information, customer base, and goodwill.

NOW, THEREFORE, in consideration of Executive’s at-will employment, the
Company’s willingness to disclose such confidential and proprietary information
and give Executive access to its customer base, and the promises and obligations
contained herein, the receipt and sufficiency of which is hereby acknowledged,
the Parties hereby agree as follows:
    
1.Contingencies. Executive’s employment with the Company is contingent on the
Company receiving satisfactory results from a background screen on Executive, a
negative drug test, and proof of Executive’s eligibility to work in the United
States (“Contingencies”).

2.Position. Subject to the Contingencies, the Company wishes to employ
Executive, and Executive accepts such employment, as Interim Chief Executive
Officer. This position is located in Indianapolis, Indiana. If the Company hires
a full-time Chief Executive Officer (“CEO”) before the end of the Term (as
defined in Section 3 below), Executive shall assume the role of Chief Operating
Officer under the same terms contained herein and assist with the transition of
the CEO duties and responsibilities during the remainder of the Term. Executive
specifically acknowledges and agrees that the employment relationship is on an
at-will basis, and that either party may terminate this relationship at any time
for any reason, with or without cause, subject to the terms in this Agreement.

3.Term. The term of Executive’s employment shall commence on or about April 1,
2015 (“Commencement Date”) and continue until March 31, 2016 (“Term”) unless
this Agreement is otherwise modified or Executive’s employment is terminated
sooner, subject to the terms in this Agreement.

4.    Warranties and Indemnification. Executive warrants that Executive is not a
party or subject to any restrictive covenant, contract or other agreement
limiting or otherwise adversely affecting Executive’s employment with the
Company. Executive agrees to indemnify and hold the Company harmless from and
against any and all suits, claims, or damages arising from any such restrictive
covenant, contract or other agreement. Executive further agrees that Executive
will not improperly use or disclose any proprietary information or trade secrets
of any former employer or other entity during Executive’s employment with the
Company.

5.    Duties and Manner of Performance. Executive shall perform duties and
responsibilities consistent with Executive’s position and other such duties as
may be assigned or delegated to Executive from time to time by the Board.
Executive shall at all times devote Executive’s full working time, best efforts,
ability, skill, and attention exclusively to the furtherance of the best
business objectives and interests of the Company, all to the exclusion of other
employers or their products and services. However, it shall not be considered a
violation of the foregoing for Executive to: (i) serve on industry, civic, or
charitable boards or committees; (ii) manage Executive’s personal investments;
or (iii) serve on the boards of other businesses with the advance written
consent of the Board; so long as such activities do not materially interfere
with Executive’s duties and responsibilities for the Company.

6.    Base Salary and Business Expenses. Executive shall receive a base salary
of Five Hundred Thousand Dollars and Zero Cents ($500,000.00) per annum (“Base
Salary”), paid bi-monthly at the rate of Twenty Thousand Eight Hundred
Thirty-Three Dollars and Thirty-Three Cents ($20,833.33). The Company shall
reimburse Executive for all reasonable business expenses incurred by Executive
in the performance of Executive’s duties and responsibilities in accordance with
policies for such reimbursement established from time to time by the Company.

7.    Sign-On Bonus. Executive shall be granted a sign-on restricted unit award
with a grant date fair value of Two Hundred Fifty Thousand Dollars and Zero
Cents ($250,000.00) (“Sign-On Bonus”) within sixty (60) days of the Commencement

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Date; provided, however, that the Sign-On Bonus shall be forfeited on a pro rata
basis if Executive resigns employment (pursuant to Section 20 of this Agreement)
or is terminated by the Company for Cause (pursuant to Section 22 of this
Agreement) prior to March 31, 2016.
 
8.    Quarterly Performance Bonus. Executive shall be eligible to receive a
quarterly bonus of up to Sixty-Two Thousand Five Hundred Dollars and Zero cents
($62,500.00) based on Executive’s individual performance in accomplishing
certain key goals/milestones (e.g., successful attainment of major capital
projects, achievement of certain operational and safety metrics, etc.)
established by the Board in its sole discretion and communicated to Executive in
advance of each quarter.

9.    Health and Welfare Benefits. Executive shall be entitled to participate in
any employee health and welfare benefit plan, including health insurance
coverage, the Company may offer from time to time on the same basis as other
employees of similar rank in the Company and subject to the eligibility
qualifications of any such plan. Nothing in this Agreement requires the Company
to offer any such benefits plan or restricts the Company’s ability to modify or
terminate any such benefits plan.

10.    Retirement Benefit.    Executive shall be entitled to participate in the
Company’s 401(k) profit sharing plan, subject to the eligibility qualifications
of such plan, with Company matching plan contributions up to five percent (5%)
of eligible pay. Nothing in this Agreement requires the Company to offer any
such 401(k) profit sharing plan or restricts the Company’s ability to modify or
terminate any such plan.

11.    Temporary Living Package: As Executive plans to remain a resident of
Tulsa, Oklahoma during the Term, the Company agrees to pay reasonable temporary
living expenses for Executive, consisting of expenses for: (a) apartment rental;
(b) automobile lease for personal and business use, including vehicle property
damage and liability insurance in appropriate amounts; (c) privately chartered
travel between Tulsa, Oklahoma and Indianapolis, Indiana; and (d) and such other
temporary living-related expenses as may be agreed to in writing between the
Company and Executive. These benefits will be either non-taxable to Executive or
grossed up to effect the same tax consequence for Executive. Executive agrees to
comply with the Company’s standard procedures for payment and reimbursement of
business-related expenses.

12.    Confidential Information and other Company Property. (a) Executive hereby
acknowledges that, in connection with the performance of Executive’s duties,
Executive will be given access to certain confidential and proprietary
information relating to and used in the Company’s business including, without
limitation, actual and prospective customer lists and information, financial and
accounting information, compensation data, marketing strategies and information,
pending projects and proposals, contracts, business plans, forecasts, trade
information or secrets, costs and pricing information, trademarks, trade names,
or records and copies of records pertaining to the operations, customers, or
business of the Company, information that the Company is contractually bound to
keep confidential under any agreement between the Company and any third party,
as well as other confidential information, documents, and records regarding the
Company’s business which the Company has acquired and/or developed through
substantial amounts of time, money and effort, all of which is collectively and
individually defined as “Confidential Information”.

(b) Executive hereby agrees that all Confidential Information is and shall
remain the sole and exclusive property of the Company. Executive shall not at
any time, either during or subsequent to Executive’s employment with the
Company, use, reveal, report, publish, transfer or otherwise disclose to any
person, corporation or other entity, any of the Confidential Information without
the prior written consent of the Board, except (i) during employment in the
course of performing Executive’s duties to Company employees and other persons
who are in a contractual or fiduciary relationship with the Company who have a
need for such information for purposes in the best interests of the Company,
(ii) for such information which is or becomes generally available to the public
other than as a result of an act or omission on the part of Executive, or (iii)
as required by law. Executive shall promptly return to the Company all
Confidential Information and any other Company property in Executive’s
possession, custody or control immediately upon the Company’s request and upon
the voluntary or involuntary termination of Executive’s employment for any
reason, and shall not keep any copies, summaries, or excerpts thereof in any
(including electronic) form.

13.    Restrictive Covenants. (a) Executive agrees that, during Executive’s
employment and for a period of one (1) year following the voluntary or
involuntary termination of that employment for any reason, Executive shall not,
directly or indirectly, whether individually or as a partner, shareholder,
officer, director, employee, independent representative, broker, agent,
consultant or in any other capacity for any other individual, partnership, firm,
corporation, company or other entity, engage in the following prohibited
activities:

(1)
Employ, solicit for employment, or induce any employee of the Company at the
time or within one (1) year of Executive’s termination of employment to
terminate that person’s employment with the Company;

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(2)
Solicit or provide or offer to solicit or provide products or services
competitive to those offered by the Company to any business account or customer
of the Company who was serviced or contacted by Executive, or for whom Executive
had direct or indirect responsibility, on behalf of the Company or about whom
Executive obtained confidential information; or

(3)
Own, manage, operate, control, or provide or perform services the same as,
similar to, or competitive to, those Executive provided or performed on behalf
of the Company, for any individual, partnership, or other entity that provides
products or services competitive with those offered by the Company, within any
geographic areas where the Company is actually doing business and for (or in)
which Executive had direct or indirect responsibility or customer contact on
behalf of the Company during Executive’s employment with the Company.

14.    Intellectual Property. Executive agrees that ownership of all written
materials and other property generated or made by Executive during or arising
out of Executive’s employment with the Company (“Works”) shall reside with the
Company regardless whether such Works are capable of copyright protection.
Executive agrees to execute any documents which the Company deems reasonably
necessary in connection with the assignment of such Works and copyright therein
to the Company. Executive will take whatever steps and do whatever acts the
Company requests, including, but not limited to, placement of the Company’s
proper copyright notice on such Works to secure or aid in securing and
maintaining copyright protection in such Works, and will assist the Company or
its nominees in filing applications to register claims of copyright in such
Works.

15.    Consent to Reasonableness. Executive specifically consents to, and hereby
waives any defense concerning, the reasonableness of the above Restrictive
Covenants in each and every respect and agrees that such restrictions in
Sections 12, 13, and 14 herein are necessary to protect the Company, its
goodwill, intellectual property, and Confidential Information.

16.    Remedies for Breach. Executive acknowledges and agrees that any actual or
threatened breach of Section 12, 13, or 14 of this Agreement will cause
irreparable harm to the Company and that it may be difficult to determine or
adequately compensate the Company through monetary damages. Accordingly,
Executive agrees that the Company shall be entitled to obtain injunctive relief
(temporary, preliminary or permanent) against such breach or threatened breach.
Executive acknowledges that nothing contained herein shall be construed to
prohibit or otherwise limit the Company from pursuing any other remedies which
may be available, including the recovery of damages from Executive. In the event
of any litigation under this Agreement, the reasonable costs and attorneys’ fees
incurred by the prevailing party shall be reimbursed by the other party.

17.    Extension of Restrictive Period. If Executive is deemed to have breached
any of the Restrictive Covenants contained in Section 13 of this Agreement,
Executive agrees that the restrictive periods set forth herein shall be
automatically extended by the period of such breach, measured from the date of
the breach through the date of such determination.

18.    Survival of Obligations. Executive agrees that Executive’s obligations
contained in Sections 12, 13, and 14 herein shall survive the voluntary or
involuntary termination of Executive’s employment with the Company for any
reason.

19.    Termination Due to Executive’s Death. If Executive dies during
Executive’s employment with the Company, the Company’s obligations under this
Agreement shall immediately expire, except that on the next regular payday
following Executive’s death the Company shall pay Executive’s estate (or other
lawful successor) that portion of Executive’s Base Salary earned and any accrued
benefits vested through the date of Executive’s death. The Company shall have no
further obligations to Executive and to Executive’s estate, heirs, executors,
administrators, and personal representatives under this Agreement.

20.    Termination by Executive. Executive may terminate Executive’s employment
with the Company before the end of the Term by giving the Company not less than
sixty (60) days’ written notice of intent to terminate. Upon such voluntary
termination (i.e., resignation) by Executive, the Company’s obligations under
this Agreement shall immediately expire, except that the Company shall pay
Executive: (i) that portion of Executive’s Base Salary earned and any accrued
benefits vested through the termination date; and (ii) a severance payment
consisting of one (1) month of Executive’s Base Salary, and payable in a single
lump sum payment. The Company shall have no further obligations to Executive
under this Agreement. The severance payment is contingent upon Executive’s
compliance with Sections 12, 13, and 14 of this Agreement and Executive
executing a document provided by the Company which unconditionally and
effectively releases any and all claims Executive may have against the Company
other than salary and benefits accrued and vested as of the date of termination.

21.    Termination by Company Without Cause. (a) The Company may terminate
Executive’s employment without Cause by providing Executive not less than sixty
(60) days’ written notice of intent to terminate without Cause. Upon termination
of Executive’s employment with the Company without Cause, the Company’s
obligations under this Agreement shall immediately expire, except that the
Company shall pay Executive: (i) that portion of Executive’s Base Salary earned
and any accrued benefits

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vested through the termination date; and (ii) a severance payment consisting of
the greater of three (3) months of Executive’s Base Salary or one-half (1/2) the
Base Salary due for the remainder of the Term, payable in a single lump sum
payment. The Company shall have no further obligations to Executive under this
Agreement. The severance payment is contingent upon Executive’s compliance with
Sections 12, 13, and 14 of this Agreement and Executive executing a document
provided by the Company which unconditionally and effectively releases any and
all claims Executive may have against the Company other than salary and benefits
accrued and vested as of the date of termination.

22.    Termination by Company for Cause. (a) The Company may terminate
Executive’s employment for Cause (as defined in Section 22(b) herein) at any
time by providing Executive written notice of intent to terminate with Cause,
identifying the Cause for termination. Upon termination of Executive’s
employment with the Company for Cause, the Company’s obligations under this
Agreement shall immediately expire, except that the Company shall pay Executive
that portion of Executive’s Base Salary earned and any accrued benefits vested
through the termination date. The Company shall have no further obligations to
Executive under this Agreement.

(b) For purposes of this Agreement, the term “Cause” means termination of
Executive, at the Company’s discretion, for: (1) failure to work for the Company
on a full-time basis, excluding any permitted vacations or short term absences
due to sickness or injury; (2) willful and continued failure (except as a result
of Executive’s mental or physical incapacity) to perform Executive’s duties and
responsibilities with the Company; (3) conviction of or entering a plea of nolo
contendre to a felony; (4) engaging in any illegal conduct or committing any act
of material dishonesty against the Company or any of its affiliates, including,
but not limited to, theft, misappropriation, embezzlement, forgery, fraud,
misrepresentation, or willful and intentional falsification of records; or (5)
material breach of this Agreement. For purposes of this Section 22(b) of the
Agreement, no act or failure to act by Executive shall be considered “willful”
unless committed or omitted in bad faith and without a reasonable belief that
the act or failure to act was in the best interests of the Company. In addition,
no act or failure to act under clauses (1), (2), or (5) above shall be deemed to
constitute Cause if such act or failure to act is corrected within the sixty
(60) days of the written notice required in Section 22(a) of this Agreement.
23.    Taxes. The Company may withhold from any amounts payable or benefits
provided under this Agreement such federal, state, or local taxes as shall be
required to be withheld pursuant to any applicable law or regulation.
24.    Code Section 409A Provisions. Notwithstanding any other provision in this
Agreement, no party, either individually or jointly, may accelerate the payment
(in time or schedule) of any amount deferred by this Agreement, unless such
acceleration is permitted by Code Section 409A, the Treasury Regulations
thereto, or other regulatory guidance issued by the Internal Revenue Service
(“409A Requirements”). Those provisions of the Agreement establishing and
explaining Executive’s rights to nonqualified deferred compensation, as well as
all other nonqualified deferred compensation plans in which Executive
participates, shall be interpreted, construed, and applied in a manner
consistent with the requirements for nonqualified deferred compensation plans
established by the 409A Requirements. To the extent that there is any conflict
between a provision of the Agreement and the 409A Requirements, the applicable
provision of the 409A Requirements will control. Those provisions of the
Agreement establishing and explaining Executive’s rights to nonqualified
deferred compensation shall not be amended or terminated in a manner that would
cause Executive’s vested rights to deferred compensation to be subject to early
inclusion in income as provided in Code Section 409A.

25.    Indemnification. In the event that Executive is made a party or
threatened to be made a party to any action, suit, or proceeding (a
“Proceeding”), other than any Proceeding initiated by Executive or the Company
or any affiliate thereof related to any contest or dispute between Executive and
the Company or any affiliate, by reason of the fact that Executive is or was a
director or officer of, or was otherwise acting on behalf of, the Company or any
affiliate of the Company or any other entity at the request of the Company,
Executive shall be indemnified and held harmless by the Company, to the maximum
extent permitted under applicable law, from and against any and all liabilities,
costs, claims and expenses, including any and all costs and expenses incurred in
defense of any Proceeding, and all amounts paid in settlement thereof after
consultation with, and receipt of approval from, the Company, which approval
shall not be unreasonably withheld, conditioned or delayed. Notwithstanding
anything in this Agreement to the contrary, the Company shall not be obligated
to (A) indemnify or advance funds to Executive for expenses or losses with
respect to a Proceeding if (x) such indemnification or advancement is prohibited
by applicable law or (y) a court of competent jurisdiction or arbitrator
determines that any material assertion made by Executive in such Proceeding was
not made in good faith or was frivolous; (B) indemnify Executive for the
disgorgement of profits arising from the purchase or sale by Executive of
securities of the Company or any affiliate in violation of Section 16(b) of the
Securities Exchange Act of 1934, as amended, or any similar statute; or (C)
indemnify or advance funds to Executive for Executive’s reimbursement to the
Company of any bonus or other incentive-based or equity-based compensation
previously received by Executive or payment of any profits realized by
Executive.

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26.    Severability. Should any particular section, covenant, restriction, or
language included in this Agreement be held to be unreasonable or unenforceable
for any reason, including without limitation the time period, geographical area,
or scope of activity covered by a restrictive covenant, then such section,
covenant, restriction, or language shall be given effect and enforced to
whatever extent would be reasonable and enforceable. All remaining sections,
covenants, restrictions, and language shall remain in full force and effect in
accordance with the terms thereof.

27.    Effect and Modification. This Agreement comprises the entire agreement
between the Parties and supersedes and nullifies any previous agreement between
the Parties, whether oral or written, concerning the subject matter contained
herein. No statement or promise, except as herein set forth, has been made with
respect to the subject matter of this Agreement. No modification or amendment
hereof shall be effective unless in writing and signed by the Company.

28.    Notices. Any notice required or desired to be given under this Agreement
shall be deemed validly given if in writing and personally delivered or sent by
certified mail to Executive’s residence in Tulsa, Oklahoma, or to the Company’s
Indianapolis headquarters, or to such other address as either party shall have
furnished to the other in writing. Notices shall be effective when actually
received by the addressee.

29.    Assignment of Contract. The Parties acknowledge that the services to be
rendered by Executive are unique and personal and, therefore, this Agreement may
not be assigned by Executive without the prior written consent of the Company.
The Company may assign this Agreement in its discretion. Any assignment in
violation of this Section 29 of the Agreement is void.

30.    Waiver of Breach. No act or omission by the Company shall be deemed a
waiver by the Company of any of the Company’s rights under this Agreement.
Executive acknowledges that every situation is unique and the Company may need
to respond differently to the actions by one employee than to the actions of
another employee. Therefore, the failure of the Company to enforce the same,
similar, or different restrictions against another employee or to seek a
different remedy shall not be construed as a waiver or estoppel to the
enforcement of the Agreement’s restrictions against Executive.

31.    Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the Company and its successors and assigns, including, without
limitation, any person, partnership, corporation or other business entity which
may acquire substantially all of the assets or business of the Company; obtain
more than fifty percent (50%) of the common stock of the Company; otherwise
secure a majority interest in the Company; or with or into which the Company may
be liquidated, consolidated, merged, or otherwise combined.

32.    Counterparts and Headings. This Agreement may be executed in several
counterparts, each of which shall constitute an original, and all of which, when
taken together, shall constitute one agreement. The Parties agree that
signatures transmitted by facsimile, pdf, or other electronic means are fully
acceptable as much as original signatures for the execution of this Agreement.
The section headings contained herein are for convenience only, and in the event
of any conflict, the text of this Agreement, rather than the section headings,
will control.

33.    Governing Law and Venue. This Agreement shall be governed by the laws of
the State of Indiana without regard to its choice of law rules. The venue for
any dispute arising out of, or in any way relating to, this Agreement or
Executive’s employment, shall be in a state court located in Marion County,
Indiana, or the federal district court responsible for Marion County, Indiana.

The remainder of this page is intentionally left blank and the signature page
follows:

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the
day in the year first above written.

WILLIAM H. HATCH
 
CALUMET GP, LLC
/s/ William H. Hatch
 
/s/ F. William Grube
Executive
 
F. William Grube
 
 
Executive Vice Chairman of Calumet GP, LLC, general partner of Calumet Specialty
Products Partners, L.P.