Document:

EX-10.2

 Exhibit 10.2 

Execution Copy 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION 

AGREEMENT 
 By and Among

 SPRAGUE RESOURCES LP, 

SPRAGUE RESOURCES GP LLC, 

AXEL JOHNSON INC., 

SPRAGUE INTERNATIONAL PROPERTIES LLC, 

SPRAGUE CANADIAN PROPERTIES LLC, 

SPRAGUE MASSACHUSETTS PROPERTIES LLC, 

SPRAGUE RESOURCES HOLDINGS LLC, 

And 
 SPRAGUE OPERATING
RESOURCES LLC 
 Dated as of October 30, 2013 

 CONTRIBUTION, CONVEYANCE AND ASSUMPTION 

AGREEMENT 
 This
Contribution, Conveyance and Assumption Agreement, dated as of October 30, 2013 (this “Agreement”), is by and among Sprague Resources LP, a Delaware limited partnership (the “Partnership”), Sprague Resources GP
LLC, a Delaware limited liability company (the “General Partner”), Axel Johnson Inc., a Delaware corporation (“AJI”), Sprague International Properties LLC, a Delaware limited liability company (the
“SPV”), Sprague Canadian Properties LLC, a Delaware limited liability company (the “SPV2”), Sprague Massachusetts Properties LLC, a Delaware limited liability company (“Sprague Massachusetts”),
Sprague Resources Holdings LLC, a Delaware limited liability company (“Holdings”), and Sprague Operating Resources LLC, a Delaware limited liability company (the “OLLC”). The above named entities are sometimes
referred to in this Agreement individually as a “Party” and collectively as the “Parties.” Capitalized terms used herein shall have the meanings assigned to such terms in Article I. 

RECITALS 

WHEREAS, the General Partner and Holdings have formed the Partnership, pursuant to the Delaware Revised Uniform Limited Partnership Act
(the “Delaware LP Act”), for the purpose of engaging in any business activity that is approved by the General Partner and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware LP Act. 

WHEREAS, each of the following actions has been taken prior to the date hereof: 

 

	 	1.	AJI formed Holdings to which AJI contributed $2,000 in exchange for all of the membership interests in Holdings. 

  

	 	2.	Holdings formed the General Partner to which it contributed $1,000 in exchange for all of the membership interests in the General Partner. 

 

	 	3.	The General Partner and Holdings formed the Partnership to which the General Partner contributed $10 and Holdings contributed $990 in exchange for a 1% general partner interest and a 99% limited partner interest,
respectively. 

  

	 	4.	Holdings formed the SPV to which it contributed $1,000 in exchange for all of the membership interests in the SPV. 

  

	 	5.	The SPV formed the SPV2 to which it contributed $1,000 in exchange for all of the membership interests in the SPV2. 

  

	 	6.	Sprague Energy Corp. filed articles of conversion with the Secretary of State of the State of Delaware pursuant to which it converted into a limited liability company named “Sprague Operating Resources LLC”
and subsequently filed an election with the Internal Revenue Service (the “IRS”) on Form 8832 electing, effective on the date of formation of the OLLC, to be treated as a corporation for U.S. federal income tax purposes.

 WHEREAS, pursuant hereto, each of the following will occur at the Effective Time in the order set forth herein: 

 

	 	1.	The OLLC will file or cause to be filed with the relevant authorities in Canada any documentation necessary to effect the amalgamation of Kildair Service Ltd. and 8604827 Canada Inc., with 8604827 Canada Inc., after
amalgamation, being the “Surviving Entity”. 

  

	 	2.	The OLLC will file or cause to be filed with the relevant authorities in Canada any documentation necessary to effect the amalgamation of the Surviving Entity and Sprague Energy Canada Ltd. (after amalgamation,
“New Kildair”). New Kildair will retain (i) Sprague Energy Canada Ltd.’s U.S. tax ID number and (ii) Kildair Service Ltd.’s Canadian and Quebec tax ID numbers. New Kildair’s name will be “Kildair
Service Ltd.” 

  

	 	3.	AJI will contribute all of the membership interests in the OLLC (the “OLLC Interest”) to Holdings. 

  

	 	4.	The OLLC will file an election with the IRS on Form 8832 to be disregarded as an entity separate from its sole tax owner for U.S. federal income tax purposes to be effective prior to the Effective Time.

  

	 	5.	The OLLC will assign to the General Partner all of the corporate assets set forth on Schedule A hereto (together, the “Corporate Assets”). 

 

	 	6.	The OLLC will assign to the SPV (i) the notes receivable aggregating $79.0 million from New Kildair (f/k/a Sprague Energy Canada Ltd.) set forth on Schedule B hereto (together, the “Notes
Receivable”); (ii) all of the equity interests in Ekotek Inc., a Delaware corporation (“Ekotek”); (iii) all of the equity interests in Sprague Massachusetts; (iv) all of the equity interests in Sprague New
York Properties LLC, a Delaware limited liability company (“Sprague New York”); and (v) all of the assets comprising each of Sprague’s Bucksport, Portsmouth and Oceanside Terminals (the “Bucksport, Portsmouth and
Oceanside Terminal Assets” and, together with the Note Receivable, the “OLLC Distribution Interest”). 

  

	 	7.	The OLLC will assign to Sprague Massachusetts certain assets and liabilities associated with the New Bedford Terminal (the “New Bedford Terminal Assets and Liabilities”) to Sprague Massachusetts.

  

	 	8.	The SPV will assume approximately $25.0 million of OLLC unsecured debt and approximately $39.5 million of OLLC long-term acquisition debt set forth in Schedule C hereto (together, the “Long-Term
Debt”). 

  

	 	9.	The OLLC will assign to the SPV2 all of the interests in New Kildair. 

  
 1 

	 	10.	The OLLC will assign to Holdings $130.4 million of its accounts receivable, representing accounts receivable identified on the books and records of the OLLC as having been assigned to Holdings (the
“Accounts”) and $10.0 million in cash (the “Cash Disbursement”), which aggregate amount of Accounts and Cash Disbursement includes approximately $0.3 million related to estimated credits and re-billings with
respect to such assigned accounts receivable. 

  

	 	11.	Holdings will convey to the Partnership the OLLC Interest (the “Holdings Contribution”) in exchange for (a) 1,571,970 Common Units, representing a 7.8% limited partner interest in the Partnership,
(b) 10,071,970 Subordinated Units, representing a 50% limited partner interest in the Partnership, (c) all of the equity interests in the Partnership classified as Incentive Distribution Rights under the Partnership Agreement, and
(d) the right to receive the Deferred Issuance and Distribution (as defined in Article III hereof) (collectively, the “Holdings Consideration”). 

 

	 	12.	In connection with the Offering, the public, through the Underwriters, will contribute $153.0 million ($144.2 million net of the Underwriters’ Spread) in cash to the Partnership in exchange for the Firm Units,
as contemplated by the Registration Statement. 

  

	 	13.	The Partnership will pay Barclays Capital Inc. a structuring fee equal to 0.75% of the gross proceeds of the sale of the Firm Units (the “Firm Structuring Fee”) and any Option Units (the “Option
Structuring Fee” and, together with the Firm Structuring Fee, the “Structuring Fee”). 

  

	 	14.	The Partnership will pay all offering expenses, estimated to be approximately $2.9 million, excluding the Underwriters’ Spread and the Structuring Fee. 

 

	 	15.	The Partnership will use the net proceeds from the sale of the Firm Units, after payment of the Underwriters’ Spread, the Firm Structuring Fee and estimated offering expenses, to repay approximately $140.2 million
of its outstanding working capital borrowings. 

  

	 	16.	The Partnership will redeem the initial interests of the General Partner and Holdings and will refund the General Partner’s initial contribution of $10 and Holding’s initial contribution of $990.

  

	 	17.	The General Partner’s 1.0% general partner interest in the Partnership will be converted to a non-economic general partner interest in the Partnership. 

WHEREAS, the shareholders, members or partners of the Parties have taken all corporate, limited liability company and partnership
action, respectively, as the case may be, required to approve the transactions contemplated by this Agreement; and 
 NOW,
THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements herein contained, the parties hereto agree as follows: 

  
 2 

 ARTICLE I 

DEFINITIONS 
 The terms set
forth below in this Article I shall have the meanings ascribed to them below or in the part of this Agreement referred to below: 

“Commission” means the United States Securities and Exchange Commission. 

“Common Unit” means a common unit representing a limited partner interest in the Partnership having the rights set forth in
the Partnership Agreement. 
 “Effective Time” means 8:00 a.m. prevailing Eastern Time on the date of the closing of the
offering of the Firm Units. 
 “Firm Net Proceeds” means the net proceeds from the sale of the Firm Units, after deducting
offering expenses, the Underwriters’ Spread and the Firm Structuring Fee. 
 “Firm Units” means the Common Units to be
sold by the Partnership to the Underwriters in the Offering pursuant to the terms of the Underwriting Agreement, but does not include any Option Units. 

“Offering” means the initial public offering of the Partnership as contemplated by the Registration Statement. 

“Option Closing Date” has the meaning assigned to it in the Partnership Agreement. 

“Option Units” means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

 “Original Partnership Agreement” means that certain Agreement of Limited Partnership of the Partnership, dated as of
June 23, 2011. 
 “Over-Allotment Option” has the meaning set forth in the Partnership Agreement. 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of the Partnership,
substantially in the form attached as Appendix A to the Registration Statement. 
 “Registration Statement” means the
Registration Statement on Form S-1 filed with the Commission (Registration No. 333-175826), as amended. 
 “Subordinated
Unit” means a subordinated unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement. 

“Underwriters” means the underwriters listed in the Underwriting Agreement. 

“Underwriters’ Spread” means the total amount of the Underwriters’ discount. 

“Underwriting Agreement” means a firm commitment underwriting agreement with respect to the Offering to be entered into by
and among Holdings, the Partnership, the General Partner and the Underwriters. 

  
 3 

 ARTICLE II 

CONTRIBUTIONS, ACKNOWLEDGEMENTS AND DISTRIBUTIONS 

The following shall be completed at the Effective Time in the order set forth herein: 

Section 2.1 Amalgamation of Surviving Entity. The OLLC hereby agrees to, and shall, file or cause to be filed with the
relevant authorities in Canada any documentation necessary to effect the amalgamation of Kildair Service Ltd. and 8604827 Canada Inc., with the Surviving Entity to be the surviving entity. 

Section 2.2 Amalgamation of New Kildair. The OLLC hereby agrees to, and shall, file or cause to be filed with the relevant
authorities in Canada any documentation necessary to effect the amalgamation of the Surviving Entity and Sprague Energy Canada Ltd., with New Kildair to be the surviving entity. 

Section 2.3 Conveyance of the OLLC Interest by AJI to Holdings. AJI hereby grants, contributes, bargains, conveys, assigns,
transfers, sets over and delivers to Holdings, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the OLLC Interest, and Holdings hereby accepts the OLLC Interest. 

Section 2.4 Form 8832 Election by the OLLC. The OLLC hereby agrees to file with the IRS an election on Form 8832 electing
to be disregarded as an entity separate from its sole tax owner for U.S. federal income tax purposes to be effective prior to the Effective Time. 

Section 2.5 Conveyance of Corporate Assets by the OLLC to General Partner. The OLLC hereby grants, contributes, bargains,
conveys, assigns, transfers, sets over and delivers to the General Partner, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Corporate Assets, and the General Partner hereby accepts the
Corporate Assets. 
 TO HAVE AND TO HOLD, the Corporate Assets unto the General Partner, its successors and assigns, together with all and
singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement and in such instruments of conveyance, forever. 

Section 2.6 Distribution of OLLC Distribution Interest by the OLLC to the SPV. The OLLC hereby grants, distributes,
bargains, conveys, assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the OLLC Distribution Interest, and the SPV hereby accepts the OLLC
Distribution Interest. 
 TO HAVE AND TO HOLD, each of the Notes Receivable, the Bucksport, Portsmouth and Oceanside Terminal Assets unto
the SPV, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement and in such instruments of conveyance, forever.

 Section 2.7 Distribution of the New Bedford Terminal Assets and Liabilities by the OLLC to Sprague Massachusetts. The
OLLC hereby grants, distributes, bargains, conveys, assigns, transfers, sets over and delivers to Sprague Massachusetts, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the New Bedford
Terminal Assets and Liabilities, and Sprague Massachusetts hereby accepts the New Bedford Terminal Assets and Liabilities and assumes full and primary responsibility for all liabilities that are included in the New Bedford Terminal Assets and
Liabilities. 
 TO HAVE AND TO HOLD, the New Bedford Terminal Assets and Liabilities unto Sprague Massachusetts, its successors and assigns,
together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement and in such instruments of conveyance, forever. 

Section 2.8 Conveyance of Ekotek, Sprague Massachusetts and Sprague New York by OLLC to SPV. The OLLC hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use and burden forever, all right, title obligation and interest in the equity interests of each of Ekotek,
Sprague Massachusetts and Sprague New York, and the SPV hereby accepts the interests in each of Ekotek, Sprague Massachusetts and Sprague New York. 

Section 2.9 Assumption of Long-Term Debt by SPV from the OLLC. The OLLC hereby grants, contributes, bargains, conveys,
assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use and burden forever, all right, title obligation and interest in the Long-Term Debt, and the SPV hereby assumes full and primary
responsibility for the repayment of the Long Term Debt, as between itself and the OLLC and subsidiary of the OLLC that is a guarantor of the Long Term Debt. 

Section 2.10 Conveyance of New Kildair by OLLC to the SPV2. The OLLC hereby grants, contributes, bargains, conveys,
assigns, transfers, sets over and delivers to the SPV2, its successors and its assigns, for its and their own use and burden forever, all right, title obligation and interest in New Kildair, and the SPV2 hereby accepts the interests in New Kildair.

  
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 Section 2.11 Conveyance of Accounts by OLLC to Holdings. The OLLC hereby
grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to Holdings, its successors and its assigns, for its and their own use and burden forever, all right, title obligation and interest in the Accounts, and Holdings
hereby accepts the Accounts. 
 TO HAVE AND TO HOLD, the Accounts unto Holdings, its successors and assigns, together with all and singular
the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement and in such instruments of conveyance, forever. 

Section 2.12 Payment of Cash Disbursement. The OLLC hereby agrees to disburse the Cash Disbursement to Holdings, and
Holdings hereby agrees to accept the Cash Disbursement. 
 Section 2.13 Conveyance of Holdings Contribution by Holdings to the
Partnership. Holdings hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership, its successors and its assigns, for its and their own use forever, all right, title and interest in and to
the Holdings Contribution, and the Partnership hereby accepts the Holdings Contribution, in exchange for the Holdings Consideration. Holdings hereby accepts the Holdings Consideration. 

Section 2.14 Execution of the Partnership Agreement. The Partnership, the General Partner and Holdings shall amend and
restate the Original Partnership Agreement by executing the Partnership Agreement in substantially the form included in Appendix A to the Registration Statement, with such changes as are necessary to reflect any adjustment to the number of Firm
Units and Option Units as the Partnership and Holdings may agree with the Underwriters and such other changes as the Partnership, the General Partner and Holdings may agree. 

Section 2.15 Payment and Contribution of Cash by the Public Through the Underwriters. The Parties acknowledge that the
Partnership is undertaking the Offering and the public, through the Underwriters will, pursuant to the Underwriting Agreement, agree to make a capital contribution to the Partnership of an amount determined pursuant to the Underwriting Agreement in
exchange for the issuance and sale of the Partnership Units. 
 Section 2.16 Payment of Underwriters’ Spread and Firm
Structuring Fee. The Partnership agrees to pay the Underwriters the applicable Underwriters’ Spread and to pay Barclays Capital Inc. the Firm Structuring Fee. 

Section 2.17 Payment of Transaction Expenses. The Parties acknowledge the payment by the Partnership, in connection with
the transactions contemplated hereby and by the Registration Statement, of estimated transaction expenses in the amount of approximately $2.3 million (exclusive of the Underwriters’ Spread and the Structuring Fee). 

Section 2.18 Payment of Outstanding Working Capital. The Partnership agrees to use the Firm Net Proceeds to repay
approximately $140.2 million of its outstanding working capital borrowings. 
 Section 2.19 Redemption of the General
Partner’s and Holdings’ Initial Interests. For and in consideration of the payment by the Partnership of $10 to the General Partner and $990 to Holdings as a refund of their respective initial contribution to the Partnership, the
Partnership hereby redeems all of the initial interests of the General Partner and Holdings in the Partnership. 
 Section 2.20
Conversion of 1% General Partner Interest. The General Partner’s 1% general partner interest in the Partnership is hereby converted to a non-economic general partner interest in the Partnership. 

ARTICLE III 
 DEFERRED
ISSUANCE AND DISTRIBUTION 
 Section 3.1 Deferred Issuance and Distribution; Payment of the Option Structuring Fee.
If the Over-Allotment Option is exercised in whole or in part, the public, through the Underwriters, will make an additional capital contribution to the Partnership in cash in an amount determined pursuant to the Underwriting Agreement in exchange
for the sale of the Option Units. Upon the earlier to occur of the expiration of the Over-Allotment Option period or the exercise in full of the Over-Allotment Option, the Partnership will issue to Holdings a number of additional Common Units that
is equal to the excess, if any, of (x) the maximum number of Option Units issuable pursuant to the Over-Allotment Option over (y) the aggregate number of Option Units, if any, actually purchased by and issued to the Underwriters pursuant
to any exercise(s) of the Over-Allotment Option. Upon each Option Closing Date, the Partnership shall make a distribution to Holdings in cash in an aggregate amount equal to the total amount of proceeds received by the Partnership from such exercise
of the Over-Allotment Option, net of the Underwriters’ Spread and the Option Structuring Fee, as reimbursement for certain capital expenditures made by Holdings prior to the transactions described in the Registration Statement. Both the
additional Common Units issuable and the cash distributions distributable to Holdings (collectively, the “Deferred Issuance and Distribution”), when issued and/or distributed, shall be issued and distributed to Holdings. The
Partnership hereby agrees to pay the applicable Option Structuring Fee, if any. 

  
 5 

 ARTICLE IV 

OTHER ASSURANCES 

Section 4.1 Further Assurances. From time to time at and after the Effective Time, and without any further consideration,
the Parties agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other documents, and to do all such other acts and things, all in accordance
with applicable law, as may be necessary or appropriate (a) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this Agreement, or which are
intended to be so granted, (b) more fully and effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the interests contributed and assigned by this Agreement or intended to be so
and (c) more fully and effectively to carry out the purposes and intent of this Agreement. 
 Section 4.2 Cash Attributable
to the Accounts. The General Partner hereby agrees to cause the Partnership and its subsidiaries to promptly transmit to Holdings any cash received attributable to any of the Accounts. 

ARTICLE V 
 EFFECTIVE
TIME 
 Notwithstanding anything contained in this Agreement to the contrary, none of the provisions of Article II, Article III or
Article IV shall be operative or have any effect until the Effective Time, at which time all such provisions shall be effective and operative in accordance with this Agreement without further action by any Party. 

ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Order of Completion of Transactions. Each of the transactions provided for in Article II of this Agreement
shall be completed at the Effective Time in the order set forth therein. Following the completion of the transactions provided for in Article II, the transactions provided for in Article III, if they occur, shall be completed. 

Section 6.2 Headings; References; Interpretation. All Article and Section headings in this Agreement are for convenience
only and shall not be deemed to control or affect the meaning or construction of any of the provisions hereof. The words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement, shall
refer to this Agreement as a whole and not to any particular provision of this Agreement. All references herein to Articles and Sections shall, unless the context requires a different construction, be deemed to be references to the Articles and
Sections of this Agreement. All personal pronouns used in this Agreement, whether used in the masculine, feminine or neuter gender, shall include all other genders, and the singular shall include the plural and vice versa. The use herein of the word
“including” following any general statement, term or matter shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether
or not non-limiting language (such as “without limitation”, “but not limited to”, or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably
fall within the broadest possible scope of such general statement, term or matter. 
 Section 6.3 Successors and Assigns.
This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns. 

Section 6.4 No Third Party Rights. The provisions of this Agreement are intended to bind the Parties as to each other and
are not intended to and do not create rights in any other person or confer upon any other person any benefits, rights or remedies, and no person is or is intended to be a third party beneficiary of any of the provisions of this Agreement. 

Section 6.5 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all
Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

Section 6.6 Applicable Law; Forum, Venue and Jurisdiction. This Agreement shall be construed in accordance with and
governed by the laws of the State of Delaware. Each of the Parties (i) irrevocably agrees that any claims, suits, actions or proceedings arising out of or relating in any way to this Agreement shall be exclusively brought in the Court of
Chancery of the State of Delaware, in each case regardless of whether such claims, suits, actions or proceedings sound in contract, tort, fraud or otherwise, are based on common law, statutory, equitable, legal or other grounds, or are derivative or
direct claims; (ii) irrevocably submits to the exclusive jurisdiction of the Court of Chancery of the State of Delaware in connection with any such claim, suit, action or proceeding; (iii) agrees not to, and waives any right to, assert in
any such claim, suit, action or proceeding that (A) it is not personally subject to the jurisdiction of the Court of Chancery of the State of Delaware or of any other court to which proceedings in the Court of Chancery of the State of Delaware
may be appealed, (B) such claim, suit, action or proceeding is brought in an inconvenient forum, or (C) the venue of such claim, suit, action or proceeding is improper; (iv) expressly waives any requirement for the posting of a bond
by a party bringing such claim, suit, action or proceeding; and (v) consents to process being served in any such claim, suit, action or proceeding 

  
 6 

 
by mailing, certified mail, return receipt requested, a copy thereof to such party at the address in effect for notices hereunder, and agrees that such services shall constitute good and
sufficient service of process and notice thereof; provided, nothing in clause (v) hereof shall affect or limit any right to serve process in any other manner permitted by law. 

Section 6.7 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction to
contravene, or to be invalid under, the laws of any political body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it
did not contain the particular provision or provisions held to be invalid and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this Agreement at the time of
execution of this Agreement. 
 Section 6.8 Amendment or Modification. This Agreement may be amended or modified from
time to time only by the written agreement of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement. 

Section 6.9 Integration. This Agreement constitutes the entire agreement among the Parties with respect to the subject
matter hereof and supersedes all prior contracts or agreements among the Parties with respect to the subject matter hereof and the matters addressed or governed hereby, whether oral or written. 

Section 6.10 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable law, this Agreement shall
also constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein. 

Section 6.11 Costs. Each transferee/assignee hereunder shall pay all sales, use and similar taxes arising out of the
contributions, conveyances and deliveries to be made hereunder, and shall pay all documentary, filing, recording, transfer, deed and conveyance taxes and any fees required in connection therewith. 

6.12 Tax Treatment. The Parties acknowledge and agree that the contribution of cash to the Partnership pursuant to
Section 2.14 is properly characterized and shall be reported as a transaction described in Revenue Ruling 99-5, Situation 2, and that any cash distribution to Holdings pursuant to Section 2.18 or Section 3.1 or any amount treated as a
transfer to AJI (as the tax owner of Holdings) pursuant to Treasury Regulation Section 1.707-5 as a result of the transactions described herein shall be treated to the maximum extent possible as a reimbursement of preformation capital
expenditures within the meaning of Treasury Regulation Section 1.707-4(d). 
 [Signature Pages Follow]  

  
 7 

 IN WITNESS WHEREOF, the parties to this Agreement have caused it to be duly executed as of the
date first above written. 
  

			
	SPRAGUE RESOURCES LP
		
	By:	 	SPRAGUE RESOURCES GP LLC, its general partner

 
	
	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary
	
	SPRAGUE RESOURCES GP LLC
	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary
	
	AXEL JOHNSON INC.
	
	/s/ Michael D. Milligan
	Michael D. Milligan
	President and Chief Executive Officer
	
	SPRAGUE RESOURCES HOLDINGS LLC
	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary
	
	SPRAGUE OPERATING RESOURCES LLC
	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary

 Signature Page to Contribution, Conveyance and Assumption Agreement

 
	
	SPRAGUE INTERNATIONAL PROPERTIES LLC
	
	 /s/ Paul A. Scoff

	 Paul A. Scoff

	Vice President, General Counsel, Chief Compliance Officer and Secretary
	
	SPRAGUE CANADIAN PROPERTIES LLC
	
	 /s/ Paul A. Scoff

	 Paul A. Scoff

	Vice President, General Counsel, Chief Compliance Officer and Secretary

 Signature Page to Contribution, Conveyance and Assumption Agreement 

 
	
	SPRAGUE MASSACHUSETTS PROPERTIES LLC
	
	 /s/ Paul A. Scoff

	 Paul A. Scoff

	 Vice President and Secretary

 Signature Page to Contribution, Conveyance and Assumption Agreement 

 Schedule A 

Corporate Assets 
  

			
	 Asset Number
	  	 Description

		
	131182	  	SOLARC NAT GAS TRADNG SYS 2010
		
	133137	  	External Web Site Data Center
		
	132396	  	REAL TIME 2011
		
	133111	  	Security & Network Infra 2011
		
	130500	  	VOIP TELEPHONE SYSTEM 2009
		
	133129	  	Network/Server Upgrades
		
	130850	  	TARIFF MODEL IMPROVEMENTS
		
	132370	  	2011 NETWORK/SERVER UPGRADES
		
	126172	  	2005 Tel Repl White Pl & Ocnsd
		
	133153	  	SolArc Prod Server Replacement
		
	132901	  	Storage Area Network Expansion
		
	133090	  	Wireless Network
		
	130358	  	CARBO RELO. FURN & FIXT. 2009
		
	132388	  	PC REPLACEMENT 2011
		
	133145	  	PC Replacement
		
	130868	  	SAN UPGRADE 2010
		
	132601	  	CPL Router
		
	131158	  	2010 NETWORK SERVER UPGRADES
		
	132361	  	11—PAPERLESS INBOUND INVOICES
		
	127159	  	Gas Orion Monitors—All TMLs
		
	131166	  	PC REPLACEMENT 2010
		
	131852	  	Safari Server Upgrade 2011
		
	130008	  	09 NETWORK/SERVR. UPGRADES
		
	126210	  	Trade Floor Chairs
		
	123182	  	Furniture 2nd Floor Office Spa
		
	121911	  	Apt, Caretaker’s, Upgrade
		
	128581	  	AEDS FOR HQ & SOPO
		
	126244	  	Postage Machine Replacement
		
	122825	  	Office Furniture—3rd Floor
		
	132628	  	JDE & SOLARC DATA ARCHIVE
		
	129998	  	ECOMMERCE—SOLARC INTEGRATION
		
	123730	  	Construction—2nd Floor Office
		
	126228	  	Trading Turrets for NH Trading
		
	120299	  	Lease Option Expansion
		
	115490	  	STS SOFTWARE
		
	115502	  	STS SOFTWARE—

  
 A-1 

			
	 Asset Number
	  	 Description

		
	115511	  	STS UPGRADE TO 2.0
		
	115529	  	STS BILLING UPGRADE
		
	115537	  	STS G/L SOFTWARE
		
	115545	  	STS SHOWME
		
	115553	  	STS AP MATCHING
		
	115561	  	PORTS&DSK SPACE—ADDITIONAL
		
	115570	  	STS OP SYS UPGRADE
		
	115588	  	TVA AUTOMATION
		
	115596	  	TVA AUTOMATION SOFTWARE
		
	115609	  	PUSH DOWN ACCOUNTING
		
	115617	  	STS BILLING SYSTEM UPGRADE
		
	115625	  	MV4000 UPGRADE STS
		
	115633	  	STS DISK DRIVE
		
	115641	  	STS COMPUTER CONVERSIONS
		
	116513	  	RICOH FAX MACHINE
		
	118965	  	ADDTION TO APT
		
	118973	  	ELECTRICAL WORK
		
	118990	  	CROWN 500 BOILER W/COIL
		
	119001	  	SIDING AND INSULATION
		
	119351	  	HYPERION SOFTWARE
		
	119722	  	Network IT Comm.Equip.
		
	119731	  	ADDT’L IT—UPGRADE NETWORK
		
	119757	  	RISK MGMT—LGT OIL
		
	119790	  	NETWORK ADDITIONS
		
	119802	  	SOFTWARE ADDITIONS
		
	119811	  	FURN/FIX NEW OFFICE
		
	119829	  	TELE.SYS. NEW BUILDING
		
	119837	  	IT FIRE PROTECTION SYSTEM
		
	119853	  	FURN & FIXTURES NEW BLDG
		
	119933	  	Network Equipment
		
	119950	  	SERVER BACKUP & FAULT TOLERANC
		
	120150	  	RISK MANAGEMENT SYSTEM (Cont.)
		
	120176	  	NETWORK HARDWARE
		
	120310	  	Furniture
		
	120328	  	Carpet & Drapes
		
	120336	  	Lighting, TV, Paint, etc
		
	120352	  	PKeeper Acct. Support System
		
	120601	  	Server & Workstation Upgrade P
		
	120627	  	Natural Gas Accounting System

  
 A-2 

			
	 Asset Number
	  	 Description

		
	120635	  	Customer Service Software
		
	120723	  	Phone, Trading Floor Expansion
		
	120871	  	Print Management Project
		
	120889	  	Computor Upgrade—Sprague South
		
	120897	  	Data Storage Upgrades
		
	120900	  	Server Replacement & Upgrades
		
	120926	  	PC upgrades
		
	120951	  	Natural Gas Accounting System
		
	120969	  	Natural Gas Accounting System
		
	120985	  	Expansion, Office & Trading Fl
		
	121179	  	JDE Software
		
	121187	  	JDE Software—Sep 02
		
	121267	  	PC Upgrades 2002
		
	121304	  	JDE Software Dec 02
		
	121398	  	Tape Backup System Replacement
		
	121460	  	Retail Mktg/3rd Floor Move
		
	121478	  	Retail Mktg/3rd floor expansio
		
	121849	  	Addt’l PC’s—2002 Growth
		
	121857	  	Srvr Replacement & Upgrade
		
	121902	  	Riding Lawn Mower
		
	122155	  	Internet Faxing & E-Mail
		
	122171	  	CPU’s 2003 PC Upgrades/Replace
		
	122180	  	Monitors—2003 PC Replacement/U
		
	122198	  	Software—2003 PC Replacement
		
	122201	  	Laptops—2003 PC Replacement/Up
		
	122219	  	Misc.Hdwr—2003 PC Replacement/
		
	122227	  	Color Printer—2003 PC Replacem
		
	122235	  	6 Fax Machines
		
	122606	  	2003 Server Replcmnt & Addt’l
		
	122614	  	2003 Server Replcmnt & Addt’l
		
	122622	  	2003 PC Upgrades Additional
		
	122631	  	2003 PC upgrades Software
		
	122702	  	Web Site Re-Design
		
	122711	  	Server Website Redesign
		
	122729	  	TIBCO Integration Framework, P
		
	122817	  	TVAT Replacement system—Monito
		
	122956	  	Phone, Trading Floor Expan & U
		
	122964	  	Mitel Telephone system—Tradi

  
 A-3 

			
	 Asset Number
	  	 Description

		
	123086	  	13 CPU units Home office
		
	123094	  	Hdware—8 Thin Clients
		
	123107	  	28 Dell Laptops
		
	123115	  	Supply Printer
		
	123123	  	Printer—
		
	123131	  	Software for various Laptops &
		
	123140	  	Solarc RightAngle SW—Phase 1
		
	123174	  	ESC Implementation—Natural Gas
		
	123203	  	Natural Gas Acct Sys—NGSupply
		
	123211	  	Natural Gas Acct Sys—IT
		
	123300	  	Data Center Equipment—buildo
		
	123318	  	Data Center Equipment
		
	123326	  	Blackberry Communications Devi
		
	123431	  	9 Monitors for Desk Tops
		
	123692	  	Data Center Equipment addition
		
	124020	  	Signature Capture Functionalit
		
	124038	  	Blackberry Communication Devic
		
	124046	  	Data Warehouse—SW
		
	124169	  	Gascard Partners
		
	124548	  	New Budget System
		
	124556	  	Server/Network Upgrades
		
	124564	  	2004 PC Replacement
		
	124601	  	Solarc RightAngle SW—Phase I
		
	124847	  	TLIU & Net—Gross Pricing Upgra
		
	124855	  	B2B Web
		
	125022	  	JDE Upgrade to Release 8
		
	125031	  	Web Security Improvements
		
	125049	  	PC Upgrades
		
	125911	  	Add’l SolArc Software License
		
	125920	  	Add’l GasMaster License
		
	125921	  	Add’l GasMaster License
		
	126025	  	2005 Server/Network Upgrd SW
		
	126033	  	2005 Server/Network Upgrd HW
		
	126130	  	JDE Upgrade—Internal Labor

  
 A-4 

			
	 Asset Number
	  	 Description

		
	126148	  	2005 Addt’l Terminal Servers
		
	126156	  	2005 PC Upgrade
		
	126164	  	2005 Term. Equipment
		
	126199	  	2005 Replace Data Center HVAC
		
	126201	  	2006 Budget Phase II
		
	126236	  	JDE HR & FxA Imprv—Int Labor
		
	126252	  	ESS Compliance Tracking SW
		
	126261	  	Add’l Solarc SW License
		
	126279	  	PD Merrill IT Related Term Upg
		
	126287	  	SolArc Natural Gas
		
	126295	  	Balanced Score Card
		
	126421	  	EXSTARS—IT 2005
		
	126439	  	Bottom Line Crate!Print
		
	126447	  	HESCO IT Required Upgrd
		
	126607	  	Solarc Risk
		
	126826	  	Citrix Metaframe
		
	127036	  	Solarc RightAngle SW—Phase 2
		
	127095	  	PC Replacement
		
	127108	  	Network/Server Upgrades
		
	127116	  	Backup/Restore Improvements
		
	127132	  	Storage Area Network Expansion
		
	127141	  	Active Directory
		
	128098	  	Voice Recording Upgrade
		
	128101	  	Flat Screens for HQ Personnel
		
	128119	  	Upgrade Key Access System
		
	128127	  	eMail and IM Archive
		
	128135	  	Intranet Portal
		
	128143	  	Solarc/DOD Major Enhancements
		
	128565	  	PC REPLACEMENT 2007
		
	128573	  	NETWORK/SERVER UPGRADES 2007
		
	128776	  	RETAIL NAT. GAS SYS (SAFARI)
		
	129040	  	NETWORK/SERVER UPGRADES
		
	129058	  	FLEETCARD REPLACEMENT SYSTEM
		
	129402	  	STORAGE AREA NETWORK (SAN)

  
 A-5 

			
		
	129411	  	BCP/DISASTER RECOVERY
		
	129429	  	NETWORK/SERVER UPGRADES
		
	130016	  	09 PC REPLACEMENT
		
	130438	  	CARBO RELOCATION—HARDWARE

 ONGOING PROJECTS 
  

			
	 Project
	  	 Project Description

		
	472948	  	OBC TRUCK FLEET 2010
		
	472956	  	CUSTOMER 1 VIEW 2010
		
	473019	  	SOLARC S11 UPGRADE 2010
		
	476691	  	Solarc S11 Upgrade
		
	476906	  	Nat Gas Marketing Pricing Tool
		
	477941	  	Spragueenergy.com Redesign
		
	478063	  	Sprague Real Time—Phase 2
		
	479277	  	PC Replacement 2013
		
	479285	  	Newtwork/Server Upgrades
		
	479381	  	JDE Upgrade to ERP 9.1

  

  
 A-6 

 Schedule B 

Notes Receivable 
  

	1)	Promissory Note, dated September 25, 2012, issued by Sprague Energy Canada Ltd. in favor of Sprague Operating Resources LLC as amended by the Agreement to Extend Term of Promissory Note, dated September 23,
2013, having an original principal amount of $25,000,000 and an outstanding amount of $26,166,500 as of the date of this Agreement. 

  

	2)	Promissory Note, dated October 1, 2012, issued by Sprague Energy Canada Ltd. in favor of Sprague Operating Resources LLC as amended by the Agreement to Extend Term of Promissory Note, dated September 27, 2013,
having an original principal amount of $39,672,198 and an outstanding amount of $41,402,099 as of the date of this Agreement. 

  

	3)	Revolving Demand Promissory Note, dated July 15, 2013, issued by Kildair Service Ltd. in favor of Sprague Operating Resources LLC having an original principal amount $30,000,000 and an outstanding amount of
$11,466,649 as of the date of this Agreement. 

  
 B-1 

 Schedule C 

Long-Term Debt 
  

	1)	Loans under that certain $25,000,000 Credit Agreement, dated as of September 24, 2012, among Sprague Operating Resources LLC, as borrower, and Wells Fargo Bank, National Association, as Administrative Agent and
lender, in an aggregate principal amount outstanding of $25,000,000 as of the date of this Agreement. 

  

	2)	Acquisition Facility Loans under that certain Credit Agreement, dated as of May 28, 2010 (as amended through the date hereof), among Sprague Operating Resources LLC (formerly Sprague Energy Corp.), as borrower, BNP
Paribas, as Administrative Agent and Collateral Agent, and the other lenders party thereto, in an aggregate principal amount outstanding of $39,500,000 as of the date of this Agreement. 

  
 C-1EX-10.3

 Exhibit 10.3 

Execution Copy 

OMNIBUS AGREEMENT 

This OMNIBUS AGREEMENT (“Agreement”) is entered into on, and effective as of, October 30, 2013 among Axel Johnson
Inc., a Delaware corporation (“Axel Johnson”), Sprague Resources Holdings LLC, a Delaware limited liability company (“Sprague Holdings”), Sprague Resources LP, a Delaware limited partnership (the
“Partnership”), and Sprague Resources GP LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner”). The above-named entities are sometimes referred to in this
Agreement each as a “Party” and collectively as the “Parties.” 
 RECITALS: 

Upon the closing of the initial public offering of the Partnership (the “Initial Offering”), each of the Parties desires to enter
into this Omnibus Agreement in order to address (i) the agreement of Axel Johnson to offer to the Partnership and to cause its controlled Affiliates to offer to the Partnership opportunities to acquire certain businesses and assets,
(ii) the agreement of Axel Johnson to provide certain trade credit support to the Partnership, (iii) the agreement of the Partnership to use its commercially reasonable efforts to reduce, and eventually eliminate, the need for trade credit
support from Axel Johnson and (iv) the obligation of Sprague Holdings to indemnify the Partnership for certain liabilities. 

ARTICLE I 

Definitions 
 As used in
this Agreement, all capitalized terms not otherwise defined herein shall have the respective meanings set forth in the First Amended and Restated Agreement of Limited Partnership of Sprague Resources LP dated as of October 30, 2013. 

ARTICLE II 
 Right of
First Refusal 
 Axel Johnson hereby agrees, and will cause its controlled Affiliates to agree, for so long as Axel Johnson or its
controlled Affiliates, individually or as part of a group, control the General Partner, that if Axel Johnson or any of its controlled Affiliates has the opportunity to acquire a controlling interest in any assets or any business having assets that
are primarily engaged in the businesses in which the Partnership is engaged as of the closing of the Initial Offering and that operate primarily in the United States or Quebec, Ontario or the Maritimes, Canada, then Axel Johnson or its controlled
Affiliates will offer such acquisition opportunity to the Partnership and give the Partnership a reasonable opportunity to acquire such assets or business either before Axel Johnson or its controlled Affiliates acquire it or promptly after the
consummation of such acquisition by Axel Johnson or its controlled Affiliates, at a price equal to the purchase price paid or to be paid by Axel Johnson or its controlled Affiliates plus any related transactions costs and expenses incurred by Axel
Johnson or its controlled Affiliates. The Partnership’s decision to acquire or not acquire any such assets or businesses will require the approval of the Conflicts Committee. Any assets or businesses that the Partnership does not acquire
pursuant to this right of first refusal may be acquired and operated by Axel Johnson or its controlled Affiliates. 
 This right of first
refusal will not apply to: 
  

	 	•	 	Any acquisition of any additional interests in any assets or businesses owned by Axel Johnson or its controlled Affiliates as of the closing of the Initial Offering but not contributed to the Partnership in connection
with the Initial Offering, including any replacements and natural extensions thereof; 

  

	 	•	 	Any investment in or acquisition of any assets or businesses primarily engaged in the businesses in which the Partnership is engaged as of the closing of the Initial Offering and that do not operate primarily in the
United States or Quebec, Ontario or the Maritimes, Canada; 

  

	 	•	 	Any investment in or acquisition of a minority non-controlling interest in any assets or businesses primarily engaged in the businesses described above; or 

 

	 	•	 	Any investment in or acquisition of any assets or businesses that Axel Johnson or its controlled Affiliates, as of the Closing Date, are actively seeking to invest in or acquire, or have the right to invest in or
acquire. 

 ARTICLE III 

Right of Negotiation 
 Axel
Johnson hereby agrees and will cause its controlled Affiliates to agree, for so long as Axel Johnson or its controlled Affiliates, individually or as part of a group, control the General Partner, that if Axel Johnson or any of its controlled
Affiliates decide to attempt to sell (other than to another controlled Affiliate of Axel Johnson) any assets or businesses that are primarily engaged in a business in which the Partnership is engaged as of the closing of the Initial Offering and
that operate primarily in the United States or Quebec, Ontario or the Maritimes, Canada (including its equity interests in 9047-1137 Quebec, Inc. or any successor entities (“Kildair”) and its interests in any assets or equity interests in
any business that, as of the Closing Date, it is actively seeking to invest in or acquire or has the right to invest in or acquire), Axel Johnson or its controlled Affiliate will notify the Partnership of its desire to sell such assets or businesses
and, prior to selling such assets or businesses to a third party, will negotiate with the Partnership exclusively and in good faith for a period of 60 days in order to give the Partnership an opportunity to enter into definitive documentation for
the purchase and sale of such assets or businesses on terms that are mutually acceptable to Axel Johnson or its controlled Affiliate and the Partnership. If the Partnership and Axel Johnson or its controlled Affiliate have not entered into a letter
of intent or a definitive purchase and sale agreement with respect to such assets or businesses within such 60 days, Axel Johnson or its controlled Affiliate will have the right to sell such assets or businesses to a third party following the
expiration of such 60 days on any terms that are acceptable to Axel Johnson or its controlled Affiliate and such third party. The Partnership’s decision to acquire or not to acquire assets or businesses pursuant to this right will require the
approval of the Conflicts Committee. The Partnership’s right of negotiation contained in this Article III, to the extent it applies to any of Axel Johnson’s direct or indirect equity interests in Kildair, any subsidiary of Kildair, or any
entity that owns equity interests in Kildair shall not be applicable to any transfer, assignment, foreclosure, deed-in-lieu of foreclosure, or other disposition of any such equity interests occurring as a result of the exercise of remedies by any
lenders to Kildair, any subsidiary of Kildair, or any entity that owns equity interests in Kildair. 
 ARTICLE IV 

Trade Credit Support 

4.1 Axel Johnson. Axel Johnson hereby agrees to continue to provide the Partnership with trade credit support, consistent with
past practice, through December 31, 2016, if and to the extent such trade credit support is necessary in the Partnership’s reasonable judgment. 

4.2 The Partnership. The Partnership hereby agrees to use its commercially reasonable efforts to reduce, and eventually eliminate,
the need for trade credit support from Axel Johnson. 
 ARTICLE V 

Indemnification 
 Sprague
Holdings will indemnify the Partnership for losses attributable to a failure to own any of the equity interests contributed to the Partnership in connection with the formation transactions described in the Registration Statement and income taxes
attributable to operations ending at the beginning of the day after the Closing Date and the formation transactions described in the Registration Statement. 

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY PARTY’S INDEMNIFICATION OBLIGATION HEREUNDER COVER OR INCLUDE
CONSEQUENTIAL, INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY, SPECIAL OR SIMILAR DAMAGES OR LOST PROFITS SUFFERED BY ANY OTHER PARTY ENTITLED TO INDEMNIFICATION UNDER THIS AGREEMENT. 

ARTICLE VI 

Miscellaneous 

6.1 Choice of Law; Submission to Jurisdiction. This Agreement shall be subject to and governed by the laws of the State of
Delaware, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the laws of another state. 

6.2 Notice. All notices or requests or consents provided for by, or permitted to be given pursuant to, this Agreement must be in
writing and must be given by depositing same in the United States mail, addressed to the Person to be notified, postpaid, and registered or certified with return receipt requested or by delivering such notice in person or by facsimile to such Party.
Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by facsimile shall be effective upon actual receipt if received during the recipient’s normal business hours or at the beginning of the
recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address set forth below such
Party’s signature to this Agreement or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 6.2. 

  
 2 

 If to Axel Johnson: 

155 Spring Street, 6th Floor 

New York, NY 10012 
 Attn: Michael
D. Milligan, President and CEO 
 Facsimile: 212-966-9516 

If to Sprague Holdings: 
 Two
International Drive 
 Suite 200 

Portsmouth, NH 03801 
 Attn: Paul
A. Scoff, Vice President & General 
 Counsel Facsimile: 603-430-5324 

If to the Partnership or the General Partner: 

Sprague Resources GP LLC 
 Two
International Drive, Suite 200 
 Portsmouth, New Hampshire 03801 

Attn: Paul A. Scoff, Vice President and General 

Counsel Facsimile: 603-430-5324 

6.3 Entire Agreement. This Agreement constitutes the entire agreement of the Parties relating to the matters contained herein,
superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. 
 6.4 Termination
of Agreement. This Agreement, other than the provisions set forth in Article V hereof, may be terminated by any Party in the event that Axel Johnson, directly or indirectly, owns less than 50% of the voting equity of the General Partner.
For avoidance of doubt, the Parties’ indemnification obligations under Article V shall survive the termination of this Agreement in accordance with their respective terms. 

6.5 Amendment or Modification. This Agreement may be amended or modified from time to time only by the written agreement of all
the Parties hereto. Each such instrument shall be reduced to writing and shall be designated on its face an “Amendment” or an “Addendum” to this Agreement. 

6.6 Assignment. No Party shall have the right to assign its rights or obligations under this Agreement without the consent of the
other Parties hereto; provided, however, that the Partnership may make a collateral assignment of this Agreement solely to secure working capital financing for the Partnership. 

6.7 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all signatory parties
had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission or in portable document format (.pdf)
shall be effective as delivery of a manually executed counterpart hereof. 
 6.8 Severability. If any provision of this
Agreement shall be held invalid or unenforceable by a court or regulatory body of competent jurisdiction, the remainder of this Agreement shall remain in full force and effect. 

6.9 Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement, each signatory
party hereto agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this
Agreement and all such transactions. 
 6.10 Rights of Limited Partners. The provisions of this Agreement are enforceable solely
by the Parties to this Agreement, and no Limited Partner of the Partnership shall have the right, separate and apart from the Partnership, to enforce any provision of this Agreement or to compel any Party to this Agreement to comply with the terms
of this Agreement. 

  
 3 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the
Closing Date. 
  

	
	
	 AXEL JOHNSON INC.

	
	/s/ Michael D. Milligan
	Michael D. Milligan
	President and Chief Executive Officer
	
	 SPRAGUE RESOURCES HOLDINGS LLC

	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary
	
	 SPRAGUE RESOURCES LP
  

By: Sprague Resources GP LLC,

       its general partner

	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary
	
	 SPRAGUE RESOURCES GP LLC

	
	/s/ Paul A. Scoff
	Paul A. Scoff
	Vice President, General Counsel, Chief Compliance Officer and Secretary

 [Signature Page to Omnibus Agreement]

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