Exhibit 10.18
*** Where this marking appears throughout this Exhibit 10.18, information has
been omitted pursuant to a request for confidential treatment and such
information has been filed with the Securities and Exchange Commission
separately.

AMENDMENT TO STORAGE, THROUGHPUT
AND HANDLING AGREEMENT

This Amendment to Storage, Throughput and Handling Agreement (this “Amendment”)
is entered into effective as of January 1, 2019 (“Amendment Date”), by and
between BKEP Materials, L.L.C., a Texas limited liability company (“BKEP
Materials”), BKEP Asphalt, L.L.C., a Texas limited liability company (“BKEP
Asphalt” and together with BKEP Materials, “Owner”), and Ergon Asphalt &
Emulsions, Inc., a Mississippi corporation (“Customer”). Owner and Customer are
sometimes referred to individually as “Party” and collectively as the “Parties”.

R E C I T A L S

WHEREAS, Owner and Customer are parties to that certain Storage, Throughput and
Handling Agreement dated as of October 5, 2016 (the “FLV Agreement”); and

WHEREAS, the Parties desire to extend the Term of the FLV Agreement and
otherwise amend such agreement as provided herein.

NOW THEREFORE, in consideration of the mutual promises contained in this
Amendment, the Parties agree to that the FLV Agreement is amended as follows:

1.
The defined terms “Aggregate Operating Expenses” and “Assumed OPEX” in Section 1
are deleted. The definition of “Term” in Section 1 is amended to refer to
Section 17.1.

2.
The defined term “Abatement Costs” is inserted in alphabetical order:
“”Abatement Costs” has the meaning assigned to it in Section 4.9.”

3.
The defined term “Abatement Equipment” is inserted in alphabetical order:
““Abatement Equipment” has the meaning assigned to it in Section 4.9.”

4.
Section 3.2 is deleted in its entirety.

5.
Section 4.2 is amended by adding the following sentences to the end of such
section: “Customer acknowledges that Owner requires Third Parties operating on
Customer’s behalf and entering or accessing the Terminal to have separate access
or service agreements with Owner. Owner will use reasonable efforts to put in
place agreements with any such Third Parties and Owner, at its reasonable
discretion, will approve, negotiate, and finalize such agreements. Owner will
promptly notify Customer of Third Parties operating on Customer’s behalf that
are denied access to the Terminal.”

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6.
Section 4.9 is created to read:

“4.9    If, at any time during the Term, a complaint is made regarding offensive
or obnoxious odors emitted from the Product delivered to or stored at the
Terminal, or if such Products violate any applicable regulation relating to
odor, Owner shall notify Customer of such complaint or violation. In such case,
Owner and Customer shall cooperate in good faith to investigate and determine
the source of the odor, and shall mutually determine the best method to abate
such odor. If reasonable changes to the Product would fully or partially abate
the odor, Customer shall make such reasonable changes to abate the odor. Owner
shall not be obligated to accept Product reasonably known to have excessive
potential for odor that may affect the Terminal’s property boundaries. If the
Parties’ investigation determines that abatement of the odor requires the
installation of additional equipment reasonably necessary to abate the odor
(“Abatement Equipment”), Owner shall undertake procurement and installation of
the Abatement Equipment. Customer shall be responsible for and shall pay to or
reimburse Owner for the cost of (i) the investigation to determine the cause of
such odor, and (ii) the Abatement Equipment ((i) and (ii), the “Abatement
Costs”), up to a maximum of $*** in the aggregate in the aggregate for each
Terminal. Owner shall be responsible for all Abatement Costs in excess of $***.
Except to the extent a defect in or failure of any of the equipment at the
Terminal is the cause of such odor issue, Customer shall indemnify, defend, and
hold harmless Owner from and against any and all fines, assessments, damages,
penalties, and other expenses, including reasonable attorneys’ fees and costs,
incurred by Owner as a result of such odor. If a defect in or failure of any of
the equipment at the Terminal is the cause of such odor issue, Owner shall
indemnify, defend, and hold harmless Customer from and against any and all
fines, assessments, damages, penalties, and other expenses, including reasonable
attorneys’ fees and costs, incurred by Customer as a result of such odor. If at
any time Customer desires to add Products to the Facilities in addition to those
listed in Attachment B, such addition shall be subject to this Section 4.9.”

7.
Section 17.1 is restated as follows: “The term of this Agreement (the “Term”) is
hereby extended, commencing January 1, 2019, and continuing until December 31,
2023.”

8.
Section 17.2 is deleted in its entirety.

 
9.
Section 3(a) of Attachment A is amended by replacing the storage fee table with
the following:

 
Fontana, CA
Terminal
Las Vegas, NV
Terminal
Total
Storage Fee
$***
$***
$***
Minimum Capacity Commitment
***
***
***
Per Barrell Storage Fee
$***
$***
$***

10.
The final sentence of Section 4 of Attachment A is deleted.

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11.
Owner acknowledges that on December 21, 2018, Customer prepaid the Storage Fees
for the months of January, February and March, 2019, in the amount of $***.
Additionally, Customer has paid to Owner upon execution of this Amendment the
sum of $*** in prepayment of the Storage Fees for the months of April, May,
June, July, August and September, 2019. These payments represent a discounted
prepayment of Storage Fees for the months indicated and are non-refundable in
the event of termination of this Agreement prior to date through which payments
have been made.

12.
Except as otherwise stated in this Amendment, all terms and conditions of the
FLV Agreement shall remain in full force and effect without change, and are
hereby ratified by each of the Parties. Capitalized terms used but not defined
herein shall have the meanings ascribed to them in the FLV Agreement.

13.
This Amendment may be executed by the Parties in counterparts and delivered by
facsimile or by electronic mail in pdf or similar format, which signatures shall
have the same effect as originals, and all such counterparts shall collectively
constitute one and the same instrument.

14.
This Amendment shall be governed by and construed in accordance with the laws of
the State of Oklahoma without giving effect to its conflicts of law principles.

This Amendment has been executed by the authorized representatives of each Party
as indicated below to be effective as of the date first written above.

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OWNER:
 
 
 
 
 
 
 
BKEP MATERIALS, L.L.C.
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Mark A. Hurley
 
 
 
Name:
Mark A. Hurley
 
 
 
Title:
Chief Executive Officer
 
 
 
 
 
 
 
BKEP ASPHALT, L.L.C.

 
 
 
 
 
 
 
By:
/s/ Mark A. Hurley
 
 
 
Name:
Mark A. Hurley
 
 
 
Title:
Chief Executive Officer
 
 
 
 
 
 
 
CUSTOMER:
 
 
 
 
 
 
 
 
ERGON ASPHALT & EMULSIONS, INC.

 
 
 
 
 
 
 
By:
/s/ J. Baxter Burns, II
 
 
 
Name:
J. Baxter Burns, II
 
 
 
Title:
President

Signature page to Amendment to Storage, Throughput and Handling Agreement (FLV)

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