DELEK LOGISTICS PARTNERS, LP
FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
This First Amendment to Amended and Restated Credit Agreement (herein, the
“Amendment”) is entered into as of May 20, 2014, by and among DELEK LOGISTICS
PARTNERS, LP, a Delaware limited partnership (the “MLP”), DELEK LOGISTICS
OPERATING, LLC, a Delaware limited liability company (“Delek Operating”), DELEK
MARKETING GP, LLC, a Delaware limited liability company (“Delek Marketing GP”),
DELEK MARKETING & SUPPLY, LP, a Delaware limited partnership (“Delek
Marketing”), DELEK CRUDE LOGISTICS, LLC, a Texas limited liability company
(“Delek Crude”), DELEK MARKETING-BIG SANDY, LLC, a Texas limited liability
company (“Delek Big Sandy”), MAGNOLIA PIPELINE COMPANY, LLC, a Delaware limited
liability company (“Magnolia”), EL DORADO PIPELINE COMPANY, LLC, a Delaware
limited liability company (“El Dorado”), SALA GATHERING SYSTEMS, LLC, a Texas
limited liability company (“SALA Gathering”), and PALINE PIPELINE COMPANY, LLC,
a Texas limited liability company (“Paline”) (the MLP, Delek Operating, Delek
Marketing GP, Delek Marketing, Delek Crude, Delek Big Sandy, Magnolia, El
Dorado, SALA Gathering, and Paline are each individually referred to herein as a
“Borrower” and are collectively referred to herein as the “Borrowers”), the
Lenders and L/C Issuers party hereto, and FIFTH THIRD BANK, an Ohio banking
corporation, as Administrative Agent.
RECITALS:
A.    The Borrowers, the Lenders and L/C Issuers party thereto, the
Administrative Agent, BANK OF AMERICA, N.A. and ROYAL BANK OF CANADA, as
Co-Syndication Agents, and COMPASS BANK, BARCLAYS BANK PLC, PNC BANK, NATIONAL
ASSOCIATION and RBS CITIZENS, N.A., as Co-Documentation Agents, are party to an
Amended and Restated Credit Agreement dated as of July 9, 2013 (as such
agreement may be amended, modified, restated or supplemented from time to time,
the “Credit Agreement”).
B.    The Borrowers have requested that the Administrative Agent, the Lenders,
and the L/C Issuers amend the Credit Agreement to permit the Borrowers to obtain
certain insurance required under the Credit Agreement through a captive
insurance entity that is a Subsidiary of Holdings and to make certain other
amendments to the Credit Agreement.
C.    The Administrative Agent, the Lenders, and the L/C Issuers have agreed to
amend the Credit Agreement under the terms and conditions set forth in this
Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:

--------------------------------------------------------------------------------

Section 1.    Incorporation of Recitals; Defined Terms. The Borrowers
acknowledge that the Recitals set forth above are true and correct. This
Amendment shall constitute a Loan Document, and the Recitals shall be construed
as part of this Amendment. Each capitalized term used but not otherwise defined
herein, including capitalized terms used in the introductory paragraph hereof
and the Recitals, has the meaning assigned to it in the Credit Agreement.
Without limiting the foregoing, “First Amendment Effective Date” means May
20, 2014.
Section 2.    Amendments to the Credit Agreement.
(a)    Section 1.1 of the Credit Agreement is amended to add thereto the
following definition of “Captive Insurance Subsidiary” in appropriate
alphabetical order:
“Captive Insurance Subsidiary” means a Subsidiary of Holdings organized in a
state of the United States and established for the sole purpose of insuring the
business and properties owned by Holdings and its Subsidiaries, which, for
purposes of this definition, shall include the MLP and its Subsidiaries, and
that is subject to regulation as an insurance company.
(b)    Section 6.3(a) of the Credit Agreement shall be amended to add to such
Section at the end of such Section the following sentence:
Notwithstanding anything to the contrary herein, the Borrowers and their
Subsidiaries may obtain through a Captive Insurance Subsidiary all or any
insurance required under this Section 6.3(a) or under the Collateral Documents
to the extent (x) such insurance obtained through a Captive Insurance Subsidiary
is reinsured by one or more responsible and reputable insurance companies,
associations, or associates, or the federal government, (y) any reinsurance
agreements between such Captive Insurance Subsidiary and such reinsurance
companies, associations, or associates described in the foregoing clause (x)
shall provide for direct access to such reinsurers through a direct access
cut-through endorsement for all named insureds, loss payees and mortgagees, and
(z) such arrangements are otherwise acceptable to the Administrative Agent in
its reasonable discretion.
(c)    Section 10.10 of the Credit Agreement shall be amended to add to such
Section at the end of such Section the following sentence:

-2-

--------------------------------------------------------------------------------

Further, not withstanding anything to the contrary herein, the Administrative
Agent shall be permitted to amend or otherwise modify the Israeli Banks
Intercreditor Agreement or the Wells Fargo Intercreditor Agreement (or enter
into new intercreditor agreements with respect to Liens that are otherwise
permitted under this Agreement and are on terms and subject to conditions
substantially similar to the Israeli Banks Intercreditor Agreement or the Wells
Fargo Intercreditor Agreement) without further action by any other party to any
Loan Document if such amendment or other modification (or new intercreditor
agreement) is not adverse to the interests of the Lenders thereunder or
hereunder and the same is not objected to in writing by the Required Lenders
within five (5) Business Days following receipt of notice thereof.
Section 3.    Conditions Precedent. This Amendment shall become effective as of
the First Amendment Effective Date upon satisfaction of all of the conditions
set forth in this Section 3 to the satisfaction of Administrative Agent:
(a)    The Administrative Agent shall have received this Amendment executed and
delivered by each of the Borrowers and the Required Lenders.
(b)    The representations and warranties contained herein shall be true and
correct in all material respects as of the date hereof and no Default or Event
of Default shall exist as of the First Amendment Effective Date.
Section 4.    Confirmation. The Lenders party hereto consent to (i) an amendment
to the Wells Fargo Intercreditor Agreement substantially in the form of Exhibit
A attached to this Amendment and (ii) an amendment to the Israeli Banks
Intercreditor Agreement substantially in the form of Exhibit B attached to this
Amendment.
Section 5.    Acknowledgement of Liens. Each Borrower hereby acknowledges,
confirms and agrees that the Administrative Agent has a valid, enforceable and
perfected first‑priority lien upon and security interest in (subject only to
Permitted Liens) the Collateral granted to Administrative Agent pursuant to the
Loan Documents, and nothing herein contained shall in any manner affect or
impair the priority of the Liens created and provided for thereby as to the
indebtedness, obligations, and liabilities which would be secured thereby prior
to giving effect to this Amendment.

-3-

--------------------------------------------------------------------------------

Section 6.    Representations and Warranties of Borrowers. To induce the
Administrative Agent, the Lenders and L/C Issuers to enter into this Amendment,
each Borrower hereby represents and warrants to the Administrative Agent and the
Lenders and L/C Issuers that, as of the First Amendment Effective Date: (a)
after giving effect to this Amendment, no representation or warranty of such
Borrower in any Loan Document, including this Amendment, shall be untrue or
incorrect in any material respect as of the First Amendment Effective Date,
except to the extent that such representation or warranty expressly relates to
an earlier date, in which case they are true and correct in all material
respects as of such earlier date, (b) no Default or Event of Default exists, or
would result herefrom, and (c) such Borrower has the power and authority to
execute, deliver, and perform this Amendment and has taken all necessary action
to authorize their execution, delivery, and performance of this Amendment.
Section 7.    Miscellaneous.
(a)    Successors and Assigns. This Amendment shall be binding on and shall
inure to the benefit of the Borrowers, the Administrative Agent, the Lenders,
and L/C Issuers, and their respective successors and assigns. The terms and
provisions of this Amendment are for the purpose of defining the relative rights
and obligations of the Borrowers, the Administrative Agent, the Lenders, and L/C
Issuers with respect to the transactions contemplated hereby and there shall be
no third party beneficiaries of any of the terms and provisions of this
Amendment.
(b)    Entire Amendment. This Amendment, including all schedules and other
documents attached hereto or incorporated by reference herein or delivered in
connection herewith, constitutes the entire agreement of the parties with
respect to the subject matter hereof and supersedes all other understandings,
oral or written, with respect to the subject matter hereof. Except as
specifically waived and amended hereby, (a) this Amendment shall not result in
the waiver of any right, power, or remedy under the Credit Agreement, and (b)
all of the terms and conditions set forth in the Credit Agreement are ratified
and confirmed by the parties hereto and shall stand and remain unchanged and in
full force and effect.
(c)    Fees and Expenses. The Borrowers agree to pay on demand all reasonable
fees, costs and out‑of‑pocket expenses (including attorneys’ fees and expenses)
incurred by the Administrative Agent in connection with the preparation,
execution, and delivery of this Amendment and the other documents being executed
and delivered in connection herewith and the transactions contemplated hereby.
(d)    Headings. Section and sub-section headings in this Amendment are included
herein for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.

-4-

--------------------------------------------------------------------------------

(e)    Severability. Wherever possible, each provision of this Amendment shall
be interpreted in such a manner as to be effective and valid under applicable
law, but if any provision of this Amendment shall be prohibited by or invalid
under applicable law, such provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provision
or the remaining provisions of this Amendment.
(f)    Conflict of Terms. Except as otherwise provided in this Amendment, if any
provision contained in this Amendment is in conflict with, or inconsistent with,
any provision in any of the Loan Documents, the provision contained in this
Amendment shall govern and control.
(g)    Counterparts. This Amendment may be executed in any number of separate
counterparts, each of which shall collectively and separately constitute one
agreement. Delivery of an executed signature page to this Amendment by facsimile
transmission or by e‑mail transmission of an Adobe portable document format file
(also known as a “PDF” file) shall be effective as delivery of a manually
executed counterpart hereof.
(h)    Incorporation of Credit Agreement. The provisions contained in
Sections 10.14 (Governing Law; Jurisdiction; Etc.) and 10.20 (Waiver of Jury
Trial) of the Credit Agreement are incorporated herein by reference to the same
extent as if reproduced herein in their entirety, except with reference to this
Amendment rather than the Credit Agreement.
[SIGNATURE PAGES TO FOLLOW]

-5-

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment as of the date first set forth
above.
“BORROWERS”
DELEK LOGISTICS PARTNERS, LP, a Delaware limited partnership
By: Delek Logistics GP, LLC, a Delaware limited liabilitiy company
By: /s/ Assaf Ginzburg
Name: Assaf Ginzburg
Title: Executive Vice President and
Chief Financial Officer
By: /s/ Andrew L. Schwarcz
Name: Andrew L. Schwarcz
Title: Executive Vice President,
General Counsel and Secretary

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

DELEK LOGISTICS OPERATING, LLC, a Delaware limited liability company

DELEK MARKETING GP, LLC, a Delaware limited liability company

DELEK CRUDE LOGISTICS, LLC, a Texas limited liability company

DELEK MARKETING-BIG SANDY, LLC, a Texas limited liability company

MAGNOLIA PIPELINE COMPANY, LLC, a Delaware limited liability company

EL DORADO PIPELINE COMPANY, LLC, a Delaware limited liability company

SALA GATHERING SYSTEMS, LLC, a Texas limited liability company

PALINE PIPELINE COMPANY, LLC, a Texas limited liability company
By: /s/ Assaf Ginzburg
Name: Assaf Ginzburg
Title: Executive Vice President and
Chief Financial Officer
By: /s/ Andrew L. Schwarcz
Name: Andrew L. Schwarcz
Title: Executive Vice President,
General Counsel and Secretary

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

DELEK MARKETING & SUPPLY LP, a Delaware limited partnership
By: Delek Marketing GP, LLC, a Delaware limited liability company
By: /s/ Assaf Ginzburg
Name: Assaf Ginzburg
Title: Executive Vice President and
Chief Financial Officer
By: /s/ Andrew L. Schwarcz
Name: Andrew L. Schwarcz
Title: Executive Vice President,
General Counsel and Secretary

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

“LENDERS”
FIFTH THIRD BANK, an Ohio banking corporation, as a Lender, as an L/C Issuer,
and as Administrative Agent
By: /s/ Lisa R. Cook
Name: Lisa R. Cook
Title: Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

BARCLAYS BANK PLC, as a Lender
By: /s/ Vanessa A. Kurbatskiy
Name: Vanessa A. Kurbatskiy
Title: Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

CITIZENS BANK OF PENNSYLVANIA, as a Lender
By: /s/ Debra L. McAllonis
Name: Debra L. McAllonis
Title: Senior Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

COMPASS BANK, as a Lender
By: /s/ Charles R. Herndon
Name: Charles R. Herndon
Title: Executive Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

FIRST GUARANTY BANK, as a Lender
By: /s/ Alton B. Lewis
Name: Alton B. Lewis
Title: President & CEO

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

FIRST TENNESSEE BANK NATIONAL ASSOCIATION, as a Lender
By: /s/ Sharon Shipley
Name: Sharon Shipley
Title: Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

HSBC BANK USA, N.A., as a Lender
By: /s/ Jay Fort
Name: Jay Fort
Title: Senior Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

PNC BANK, NATIONAL ASSOCIATION, as a Lender
By: /s/ John Thurman
Name: John Thurman
Title: Senior Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

RAYMOND JAMES BANK, N.A., as a Lender
By: /s/ Scott G. Axelrod
Name: Scott G. Axelrod
Title: Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

ROYAL BANK OF CANADA, as a Lender
By: /s/ Jason S. York
Name: Jason S. York
Title: Authorized Signatory

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

US BANK, N.A., as a Lender
By: /s/ Cort Fontenot
Name: Cort Fontenot
Title: Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

WELLS FARGO BANK, N.A., as a Lender
By: /s/ William Aldridge
Name: William Aldridge
Title: Assistant Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

BANK OF AMERICA, N.A., as a Lender
By: /s/ Thomas C. Kilcrease
Name: Thomas C. Kilcrease
Title: Senior Vice President

[SIGNATURE PAGE TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

--------------------------------------------------------------------------------

EXHIBIT A
FIRST AMENDMENT TO INTERCREDITOR AGREEMENT
This First Amendment to Intercreditor Agreement (herein, the “Amendment”) is
entered into as of __________ __, 2014, by and between WELLS FARGO BANK NATIONAL
ASSOCIATION (as successor-in-interest to Wells Fargo Capital Finance, LLC),
acting in its capacity as “Administrative Agent” (in such capacity, together
with any permitted successors and assigns, the “Refining Facility Agent”) for
the benefit and on behalf of the Refining Lenders, and FIFTH THIRD BANK, an Ohio
banking corporation, acting in its capacity as “Administrative Agent” (in such
capacity, together with any permitted successors and assigns, the “Logistics
Facility Agent”) for the benefit and on behalf of the Logistics Lenders.
PRELIMINARY STATEMENTS
A.    Logistics and the other Logistics Debtors have entered into the Logistics
Loan Documents, pursuant to which the Logistics Lenders have agreed to extend
certain financing to Logistics on the terms and conditions set forth therein.
B.    Refining and the other Refining Debtors have entered into the Refining
Loan Documents, pursuant to which the Refining Lenders have agreed to extend
certain financing to Refining on the terms and conditions set forth therein.
C.    The Refining Facility Agent and the Logistics Facility Agent entered into
a certain Intercreditor Agreement, dated as of November 7, 2012 (as amended,
supplemented, or otherwise modified from time to time, the “Intercreditor
Agreement”).
D.    Subsequently, Refining, as seller, and Marketing and Supply, as buyer,
entered into a certain Asset and Purchase Agreement (Tyler Terminal and
Tankage), dated as of July 26, 2013 (as amended, supplemented, or otherwise
modified from time to time, the “APA”), pursuant to which Marketing & Supply
agreed to purchase certain assets from Refining.
E.    In connection with the asset transfer from Refining to Marketing & Supply
pursuant to the APA, the Logistics Lenders and the Refining Lenders have agreed
to execute this Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:
SECTION 1.
AMENDMENT.

--------------------------------------------------------------------------------

Subject to the satisfaction of the condition precedent set forth in Section 2
below, the Intercreditor Agreement shall be and hereby is amended to read as
follows:
Section 1.1.    Section 1 of the Intercreditor Agreement is amended by adding
the following new definitions in the appropriate alphabetical order:
“APA” means the Asset and Purchase Agreement (Tyler Terminal and Tankage), dated
as of July 26, 2013 (as amended, supplemented, or otherwise modified from time
to time), pursuant to which Marketing & Supply agreed to purchase certain assets
associated with the Tyler Refinery from Refining.
“Tyler Refinery” means the refinery near Tyler, Texas owned by Refining and
certain tanks, terminal and logistics and other assets related to such refinery.
“Transferred Assets” has the meaning assigned to such term in the APA.
“Excluded Assets” has the meaning assigned to such term in the APA.
Section 1.2.    The following definitions in Section 1 of the Intercreditor
Agreement are hereby amended and restated in their entirety to read as follows:
“Logistics Facility Collateral” means the Pipeline and Transportation Systems
and the collateral described on Exhibit A hereto, including, but not limited to,
the Transferred Assets but excluding the Excluded Assets.
“Refining Facility Collateral” means the collateral described on Exhibit B
hereto, including, but not limited to, the Excluded Assets but excluding the
Transferred Assets.
SECTION 2.
CONDITION PRECEDENT.

The effectiveness of this Amendment is subject to the execution and delivery of
the Amendment by the Refining Facility Agent and the Logistics Facility Agent.
SECTION 3.
MISCELLANEOUS.

-2-

--------------------------------------------------------------------------------

3.1.    The Refining Facility Agent and the Logistics Facility Agent acknowledge
that the Preliminary Statements set forth above are true and correct, and the
Preliminary Statements shall be construed as part of this Amendment. Each
capitalized term used but not otherwise defined herein, including capitalized
terms used in the introductory paragraph hereof and the Preliminary Statements,
has the meaning assigned to it in the Intercreditor Agreement.
3.2.    Except as specifically amended herein, the Intercreditor Agreement shall
continue in full force and effect in accordance with its original terms.
Reference to this specific Amendment need not be made in the Intercreditor
Agreement, or any other document executed in connection therewith, or in any
certificate, letter or communication issued or made pursuant to or with respect
to the Intercreditor Agreement, any reference in any of such items to the
Intercreditor Agreement being sufficient to refer to the Intercreditor Agreement
as amended hereby.
3.3.    Wherever possible, each provision of this Amendment shall be interpreted
in such a manner as to be effective and valid under applicable law, but if any
provision of this Amendment shall be prohibited by or invalid under applicable
law, such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Amendment.
3.4.    This Amendment may be executed in any number of counterparts, and by the
different parties on different counterpart signature pages, all of which taken
together shall constitute one and the same agreement. Either of the parties
hereto may execute this Amendment by signing any such counterpart and each of
such counterparts shall for all purposes be deemed to be an original. Delivery
of a counterpart hereof by facsimile transmission or by e‑mail transmission of
an Adobe portable document format file (also known as a “PDF” file) shall be
effective as delivery of a manually executed counterpart hereof. This Amendment
shall be governed by, and construed in accordance with, the internal laws of the
State of New York without giving effect to conflicts of law principles.
[SIGNATURE PAGES TO FOLLOW]

-3-

--------------------------------------------------------------------------------

This First Amendment to Intercreditor Agreement is entered into as of the date
and year first above written.
WELLS FARGO BANK, NATIONAL ASSOCIATION (as successor-in-interest to Wells Fargo
Capital Finance, LLC), as Administrative Agent for the Refining Lenders
By    
Name    
Title    
FIFTH THIRD BANK, an Ohio banking corporation, as Administrative Agent for the
Logistics Lenders
By    
Name    
Title    

.

[SIGNATURE PAGE TO FIRST AMENDMENT TO INTERCREDITOR AGREEMENT]

--------------------------------------------------------------------------------

EXHIBIT B
FIRST AMENDMENT TO INTERCREDITOR AGREEMENT
This First Amendment to Intercreditor Agreement (herein, the “Amendment”) is
entered into as of _________ __, 2014, by and between BANK HAPOALIM B.M. (as
successor Collateral Agent to BANK LEUMI USA) acting in its capacity as
“Collateral Agent” (in such capacity, together with any permitted successors and
assigns, the “Lion Oil First Lien Agent”) for the benefit and on behalf of the
Lion Oil First Lien Lenders, and FIFTH THIRD BANK, an Ohio banking corporation,
acting in its capacity as “Administrative Agent” (in such capacity, together
with any permitted successors and assigns, the “Logistics Facility Agent”) for
the benefit and on behalf of the Logistics Lenders.
PRELIMINARY STATEMENTS
A.    Logistics and the other Logistics Debtors have entered into the Logistics
Loan Documents, pursuant to which the Logistics Lenders have agreed to extend
certain financing to Logistics on the terms and conditions set forth therein.
B.    Lion Oil and the other Lion Oil Debtors have entered into the Lion Oil
Loan Documents, pursuant to which the Lion Oil Lenders have extended certain
loans to Lion Oil and Holdings on the terms and conditions set forth therein.
C.    The Lion Oil First Lien Agent and the Logistics Facility Agent entered
into a certain Intercreditor Agreement, dated as of November 7, 2012 (as
amended, supplemented, or otherwise modified from time to time, the
“Intercreditor Agreement”).
D.    Subsequently, the Lion Oil Second Lien Obligations were satisfied in full
and all security interests and liens granted pursuant to the Lion Oil Second
Lien Loan Documents were released.
E.    Subsequently, Lion Oil, as seller, and Delek Logistics Operating, LLC, a
Delaware limited liability company (“Delek Operating”), as buyer, entered into a
certain Asset and Purchase Agreement (El Dorado Terminal and Tankage), dated as
of February 10, 2014 (as amended, supplemented, or otherwise modified from time
to time, the “APA”), pursuant to which Delek Operating agreed to purchase
certain assets from Lion Oil.

1994326

--------------------------------------------------------------------------------

F.    In connection with the asset transfer from Lion Oil to Delek Operating
pursuant to the APA, the Logistics Lenders and the Lion Oil First Lien Lenders
have agreed to execute this Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:
SECTION 1.
AMENDMENT.

Subject to the satisfaction of the condition precedent set forth in Section 2
below, the Intercreditor Agreement shall be and hereby is amended to read as
follows:
Section 1.1.    Section 1 of the Intercreditor Agreement is amended by adding
the following new definitions in the appropriate alphabetical order:
“APA” means the Asset and Purchase Agreement (El Dorado Terminal and Tankage),
dated as of February 10, 2014 (as amended, supplemented, or otherwise modified
from time to time), pursuant to which Delek Logistics Operating, LLC, a Delaware
limited liability company, agreed to purchase certain assets associated with the
El Dorado Refinery from Lion Oil.
“El Dorado Refinery” means the refinery near El Dorado, Arkansas owned by Lion
Oil and certain tanks, terminal and logistics and other assets related to such
refinery.
“Transferred Assets” has the meaning assigned to such term in the APA.
“Excluded Assets” has the meaning assigned to such term in the APA.
Section 1.2.    The following definitions in Section 1 of the Intercreditor
Agreement are hereby amended and restated in their entirety to read as follows:
“Logistics Facility Collateral” means the Pipeline and Transportation Systems
and the collateral described on Exhibit A hereto, including, but not limited to,
the Transferred Assets but excluding the Excluded Assets.

-2-

--------------------------------------------------------------------------------

“Lion Oil Collateral” means the collateral described on Exhibit B hereto,
including, but not limited to, the Excluded Assets but excluding the Transferred
Assets.
SECTION 2.
CONDITION PRECEDENT.

The effectiveness of this Amendment is subject to the execution and delivery of
the Amendment by the Lion Oil First Lien Agent and the Logistics Facility Agent.
SECTION 3.
MISCELLANEOUS.

3.1.    The Lion Oil First Lien Agent and the Logistics Facility Agent
acknowledge that the Preliminary Statements set forth above are true and
correct, and the Preliminary Statements shall be construed as part of this
Amendment. Each capitalized term used but not otherwise defined herein,
including capitalized terms used in the introductory paragraph hereof and the
Preliminary Statements, has the meaning assigned to it in the Intercreditor
Agreement.
3.2.    Except as specifically amended herein, the Intercreditor Agreement shall
continue in full force and effect in accordance with its original terms.
Reference to this specific Amendment need not be made in the Intercreditor
Agreement, or any other document executed in connection therewith, or in any
certificate, letter or communication issued or made pursuant to or with respect
to the Intercreditor Agreement, any reference in any of such items to the
Intercreditor Agreement being sufficient to refer to the Intercreditor Agreement
as amended hereby.
3.3.    Wherever possible, each provision of this Amendment shall be interpreted
in such a manner as to be effective and valid under applicable law, but if any
provision of this Amendment shall be prohibited by or invalid under applicable
law, such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Amendment.
3.4.    This Amendment may be executed in any number of counterparts, and by the
different parties on different counterpart signature pages, all of which taken
together shall constitute one and the same agreement. Either of the parties
hereto may execute this Amendment by signing any such counterpart and each of
such counterparts shall for all purposes be deemed to be an original. Delivery
of a counterpart hereof by facsimile transmission or by e‑mail transmission of
an Adobe portable document format file (also known as a “PDF” file) shall be
effective as delivery of a manually executed counterpart hereof. This Amendment
shall be governed by, and construed in accordance with, the internal laws of the
State of New York without giving effect to conflicts of law principles.
[SIGNATURE PAGES TO FOLLOW]

-3-

--------------------------------------------------------------------------------

-4-

--------------------------------------------------------------------------------

This First Amendment to Intercreditor Agreement is entered into as of the date
and year first above written.
BANK HAPOALIM B.M., as Collateral Agent for the Lion Oil First Lien Lenders
By    
Name    
Title    

FIFTH THIRD BANK, an Ohio banking corporation, as Administrative Agent for the
Logistics Lenders
By    
Name    
Title