Document:

Terminalling and Storage Agreement

 Exhibit 10.1 
 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN GRANTED BY THE SECURITIES AND EXCHANGE COMMISSION. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS. 
 Execution Copy

  
  
  
  
 TERMINALLING AND STORAGE AGREEMENT 
 by and between 
 SEMMATERIALS, L.P., 
 (“Customer”) 
 and 
 SEMMATERIALS ENERGY PARTNERS, L.L.C. 
 (“Owner”) 
 dated as of 
 February 20, 2008

  
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	SECTION 1.	  	DEFINITIONS.	  	1
			
	SECTION 2.	  	SERVICES, STATEMENTS, INVOICES, DOCUMENTS AND RECORDS.	  	3
			
	SECTION 3.	  	FEES, CHARGES AND TAXES.	  	5
			
	SECTION 4.	  	OPERATIONS, RECEIPTS AND DELIVERIES.	  	5
			
	SECTION 5.	  	PRODUCT QUALITY STANDARDS AND REQUIREMENTS.	  	7
			
	SECTION 6.	  	TITLE AND CUSTODY OF PRODUCT.	  	8
			
	SECTION 7.	  	LIMITATION OF LIABILITY AND DAMAGES.	  	8
			
	SECTION 8.	  	PRODUCT MEASUREMENT.	  	9
			
	SECTION 9.	  	PRODUCT LOSS AND PRODUCT GAIN.	  	9
			
	SECTION 10.	  	FORCE MAJEURE.	  	9
			
	SECTION 11.	  	INSPECTION OF AND ACCESS TO THE STORAGE TANKS.	  	10
			
	SECTION 12.	  	ASSIGNMENT.	  	10
			
	SECTION 13.	  	NOTICE.	  	11
			
	SECTION 14.	  	COMPLIANCE WITH LAW AND SAFETY.	  	11
			
	SECTION 15.	  	DEFAULT, WAIVER AND REMEDIES.	  	12
			
	SECTION 16.	  	INSURANCE.	  	13
			
	SECTION 17.	  	SECURITY AND CREDIT.	  	13
			
	SECTION 18.	  	INDEMNITY.	  	14
			
	SECTION 19.	  	CONSTRUCTION OF AGREEMENT.	  	15

 ATTACHMENT A 
 ATTACHMENT A-1 
 ATTACHMENT B 
  

 TERMINALLING AND STORAGE AGREEMENT 
 This Terminalling and Storage Agreement (the “Agreement”) is entered into this 20th day of February, 2008 (the
“Effective Date”) and is made by and between SemMaterials Energy Partners, L.L.C., a Delaware limited liability company (“Owner”), and SemMaterials, L.P., an Oklahoma limited liability company
(“Customer”, each of Owner and Customer sometimes referred to individually as “Party” and collectively as the “Parties”). 
 R E C I T A L S 
 WHEREAS, Owner owns
and operates certain asphalt cement and residual fuel storage terminals; and 
 WHEREAS, Owner desires to provide terminalling and storage
services to Customer for Customer’s asphalt cement and residual fuel inventory and Customer desires to receive said services at such storage terminals on the terms and conditions set forth herein. 
 NOW THEREFORE, in consideration of the mutual promises contained in this Agreement, the Parties agree to the following terms and conditions.

Section 1. Definitions. 
 In this
Agreement, unless the context requires otherwise, the terms defined in the preamble have the meanings indicated and the following terms will have the meanings indicated below:
 “Affiliate” means, in relation to a Party, any Person that (i) directly or indirectly controls such Party, (ii) is
directly or indirectly controlled by such Party or (iii) is directly or indirectly controlled by a Person that directly or indirectly controls such Party. For this purpose, “control” of any entity or Person means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of any Person, whether through the ownership of a majority of equity interests or voting power or control in fact of the entity or Person or
otherwise. For purposes of this Agreement, Owner and its affiliates shall not be deemed to be Affiliates of Customer and its affiliates. 
 “Applicable Law” means, with respect to any Governmental Authority, (i) any law, statute, regulation, code, ordinance, license, decision, order, writ, injunction, decision, directive, judgment,
policy, decree and any judicial or administrative interpretations thereof, (ii) any agreement, concession or arrangement with any other Governmental Authority and (iii) any license, permit or compliance requirement, in each case applicable
to either Party and as amended or modified from time to time.
 “Barrel” means 42 U.S. Gallons.
 “Base Terminalling Fee” has the meaning indicated in Attachment “A”. 
 “Business Day” means each calendar day, excluding Saturdays, Sundays, or other holidays observed by
Owner.
 “Contract Year” means a period of 365 consecutive days commencing on January 1, 2009 and
each successive period of 365 consecutive days during the Term of this Agreement with the exception of (i) any Contract Year in which February has 29 days when the period will be 366 consecutive days, and (ii) the initial Contract
Year which shall begin on the Effective Date, and end December 31, 2008.
  

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 “Force Majeure” means (i) strikes, lockouts or other
industrial disputes or disturbances, (ii) acts of the public enemy or of belligerents, hostilities or other disorders, wars (declared or undeclared), blockades, thefts, insurrections, riots, civil disturbances or sabotage, (iii) acts of
nature, landslides, severe lightning, earthquakes, fires, tornadoes, hurricanes, storms, and warnings for any of the foregoing which may necessitate the precautionary shut-down of pipelines, trucks, docks, loading and unloading facilities storage
tanks or other related facilities, floods, washouts, freezing of machinery, equipment, or lines of pipe, inclement weather that necessitates extraordinary measures and expense to construct facilities or maintain operations, tidal waves, perils of
the sea and other adverse weather conditions or unusual or abnormal conditions of the sea or other water, (iv) arrests and restraints of, or other interference or restrictions imposed by, governments (either federal, state, civil or military
and whether legal or de facto or purporting to act under some constitutions, decree, law or otherwise), necessity for compliance with any court order, or any law, statue, ordinance, regulation, or order promulgated by a Governmental Authority having
or asserting jurisdiction, embargoes or export or import restrictions, expropriation, requisition, confiscation or nationalization or (v) epidemics or quarantine, explosions, breakage or accidents to equipment, machinery, plants, facilities or
lines of pipe, electric power shortages, breakdown or injury of trucks or vessels or any other causes, whether of the kind enumerated above or otherwise, which were not reasonably foreseeable, and which are not within the control of the Party
claiming suspension of its obligations under this Agreement pursuant to Section 10 and which by the exercise of reasonable due diligence such Party is unable to prevent or overcome. Such term will likewise include, in those instances
where either Party is required to obtain servitudes, rights-of-way, grants, permits, or licenses to enable such Party to fulfill its obligations under this Agreement, the inability of such Party to acquire, or delays on the part of such Party in
acquiring, at reasonable cost and after the exercise of reasonable diligence, such servitudes, rights-of-way grants, permits or licenses, and in those instances where either Party is required to furnish materials and supplies for the purpose of
constructing or maintaining facilities to enable such Party to fulfill its obligations under this Agreement, the inability of such Party to acquire, or delays on the part of such Party in acquiring, at reasonable cost and after the exercise of
reasonable diligence, such materials and supplies. If Owner is claiming a suspension of its obligations under this Agreement pursuant to Section 10, any of the above listed events or circumstances will constitute a Force Majeure
upon the first occurrence of the event or circumstance. If Customer is claiming a suspension of its obligations under this Agreement, an event or circumstance will not constitute a Force Majeure unless and until it has occurred and continues for
thirty (30) consecutive days. 
 “Gallon” means a U.S. gallon of 231 cubic inches corrected to 60
degrees Fahrenheit.
 “Gloucester Option” has the meaning assigned to such term in
Section 3.4. 
 “Governmental Authority” means any foreign or U.S. federal, state,
regional, local or municipal governmental body, agency, instrumentality, board, bureau, commission, department, authority or entity established or controlled by a government or subdivision thereof, including any legislative, administrative or
judicial body, or any person purporting to act therefor.
 “Indemnified Party” has the meaning assigned
to such term in Section 18.1.
 “Indemnifying Party” has the meaning assigned to such term
in Section 18.1.
 “Independent Inspector” means a licensed Person who performs sampling,
quality analysis and quantity determination of the Product received or delivered.
 “Interest Rate”
means the one-month London Interbank Offered Rate.
  

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 “Liability” means any obligation, liability, charge, deficiency,
assessment, interest, penalty, judgment, award, cost or expense of any kind (including reasonable attorneys’ fees, other fees, court costs and other disbursements). The term also includes any liability that directly or indirectly arises out of
or is related to any claim, proceeding, judgment, settlement or judicial or administrative order made or commenced by any third party or Governmental Authority. 
 “Minimum Storage Commitment” means the commitment by Customer to use and pay for the level of storage services to be provided by Owner as set forth in Attachment
“A”. 
 “Minimum Throughput Commitment” means the commitment by Customer to use and pay
for the level of throughput services to be provided by Owner as set forth in Attachment “A”. 
 “Minimum
Use Commitments” means collectively the Minimum Storage Commitment and the Minimum Throughput Commitment. 
 “Month” means a calendar month. 
 “Product” means each
of the products described in Attachment “B” which are owned by or for the account of the Customer.
 “Product Loss” means any loss of Product occurring as a result of any contamination, adulteration, mislabeling, misidentification or other loss of or damage to Product caused by the failure of the Owner
to use reasonable industry procedures in the handling, testing or storage of Product, provided Product Loss shall not include the result of loss of or damage to Product (i) associated with circumstances involving Force Majeure,
(ii) caused by the act or omission of Customer, (iii) due to normal Product evaporation, shrinkage, clingage, (iv) Product measurement inaccuracies within tolerance acceptable under current industry practices, (v) associated with
any regrading of Product resulting from commingling of Product in the Storage Tanks or (vi) any other loss for any reason whatsoever, provided such loss does not exceed one-half of one percent (0.5%) of Customer’s Product then in the
custody of Owner.
 “Storage Tanks” those asphalt cement and residual fuel storage tanks located at the
Terminals and used to provide the terminalling and storage services to Customer pursuant to this Agreement. 
 “Term” has the meaning indicated in Attachment “A”.
 “Terminals” has the meaning indicated in Attachment “A” and Attachment “A-1”. 
 “Third Party” means any entity other than Owner, Customer or their Affiliates.
 “Third Party Claim” has the meaning assigned to such term in Section 18.3.
 “Ton” means a U.S. short ton of 2,000 pounds. 
 Section 2. Services, Statements, Invoices, Documents and
Records.
 2.1 Owner will provide to or for Customer the following storage and terminalling services related to the receipt of Product
at the Terminals and to the storage, terminalling and delivery of Product into and out of the Storage Tanks (collectively, the “Services”): 
 (a) Receive and unload all Product delivered by Customer to the Terminals from time to time during the term of this Agreement; 
  

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 (b) Move the off-loaded Product described in Section 2.1(a) and load such Product into the Storage
Tanks; 
 (c) Store and terminal the off-loaded Product up to the capacity limits of the Storage Tanks; 
 (d) Move Product among Storage Tanks at a particular location as requested by Customer; 
 (e) Provide all pumping and heating necessary for proper performance of each of the foregoing services, including heating facilities adequate to maintain
the temperature of Product as requested by Customer; 
 (f) Take samples of Product from various delivering vessels before unloading,
representing a composition of quality for the lot delivered, as requested by Customer; 
 (g) Prepare all tank or vessel gauging reports,
bills of lading and other receiving papers and deliver copies thereof to Customer at such times and places as it may reasonably request; 
 (h) Keep records and accounts and make reports relating to Product received in storage and withdrawn from storage; and 
 (i)
Present all required terminal documents and invoices to Customer which are suitably detailed for payment. 
 2.2 The Services will be
performed in a manner consistent with the prior operating practices of the Terminals and Storage Tanks and in compliance with Applicable Law. Owner may adapt its performance of the Services in order to be consistent with industry practices, in order
to meet the requirements of health and safety laws, rules and regulations and in order to achieve the efficient utilization of the Terminals Storage Tanks.
 2.3 Within twenty-five (25) days following the end of each Month during the Term of this Agreement, Owner will submit to Customer statements recording the volume of Customer’s Product received into the
Terminals and inventory balances in the Storage Tanks during such Month calculated in accordance with the terms hereof together with an invoice for amounts due under this Agreement for Services provided during such Month.
 2.4 Except as provided below in this paragraph, each Party will maintain a true and correct set of records pertaining to its performance of this
Agreement and will retain copies of all such records for a period of not less than two (2) years following termination or cancellation of this Agreement. Upon reasonable prior notice, a Party or its authorized representative may at its
sole cost, during the Term of this Agreement and thereafter during the aforesaid two year period, inspect such records of the other Party during normal business hours at the other Party’s place of business. Unless a Party has taken written
exception to a statement or invoice within two (2) years following the end of the year in which the statement or invoice is delivered, the statement or invoice shall be conclusively presumed to be true and correct. No Party shall be required to
retain an invoice or statement that has become indisputable pursuant to the aforesaid conclusive presumption. 
  

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 Section 3. Fees, Charges and Taxes.
 3.1 Customer will pay Owner the fees, rates and charges set forth in Attachment “A” with respect to the Services. All such payments, as
well as any taxes and other amounts to which Owner is entitled under this Agreement, shall be paid in accordance with the terms and conditions set forth in this Agreement. 
 3.2 All fees and charges reflected in Owner’s invoices are due and payable within fifteen (15) Business Days of the receipt of Owner’s
invoice. Payment must be made by electronic wire transfer of same day available federal funds to Owner’s account and bank, both as indicated on Owner’s invoice. Invoices may be sent by electronic mail and telephone facsimile. If
Customer disputes any portion of an invoice, Customer must pay the undisputed portion of the invoice. Overdue amounts or disputed amounts that are resolved in favor of the Owner will accrue interest at the Interest Rate from the date that
payment is due until paid in full. Customer will pay all of Owner’s costs (including reasonable attorney’s fees and court costs) of collecting past due payments and late payment charges, whether or not suit is brought.
 3.3 Customer will pay any and all taxes, fees or other charges and assessments imposed on the Services, including sales or other excise taxes on the
storage and throughput services. Customer will also pay any ad valorem or property ownership taxes, if any, on Customer’s Product located at the Terminals or in the Storage Tanks and Customer’s other property, if any. Owner shall be
responsible for and pay all other applicable taxes levied upon Owner, including its own income and franchise taxes and any property and ad valorem taxes levied on the Terminals and Storage Tanks.
 3.4 If Customer is unable for a period of time to deliver to Owner the volumes of Product required to meet any of the Minimum Use Commitments set out in
Attachment “A” as a result of Owner’s operational difficulties, closing of any Terminal or Storage Tank as provided in Section 4.1, prorationing or difficulties in delivery to any Terminal or Storage Tank that
Customer is otherwise ready, willing and able to deliver (a “Reduced Minimum Use Commitment Period”), then upon written notice by Customer to Owner, the Minimum Use Commitments will be reduced proportionately during the
Reduced Minimum Use Commitment Period, and Customer shall be entitled to receive a credit or refund to the extent the payments made by Customer in respect of the Reduced Minimum Use Commitment Period exceed the reduced Minimum Use Commitments;
provided, however, that the Minimum Use Commitments will not be reduced and Customer shall not be entitled to receive any such credit or refund in the event the Terminal and Storage Tank in Gloucester City, NJ is closed as a result of the exercise
of the option to purchase the property on which such Terminal and Storage Tank is located pursuant to the Option Agreement, dated December 18, 2002, between Koch Materials Company and the City of Gloucester City (the “Gloucester
Option”).
 Section 4. Operations, Receipts and Deliveries.
 4.1 Receipts and deliveries of Product will be handled within the normal business hours of the Terminals. Owner may, with Customer’s prior approval,
make temporary changes in the business hours of a Terminal or temporarily close any Terminal or Storage Tank because of an extraordinary event. Owner will notify Customer of such temporary changes or closure in advance, or as soon after
implementation as is practicable. Owner will not be responsible for the payment of any costs incurred by Customer or its transportation carrier for any delay in receiving or delivering Product or any other costs or fees, except to the extent
such delays are attributable to Owner’s inability to provide the Services other than an event of Force Majeure covered by Section 10 hereof.
 4.2 Customer must arrange for and pay all Third Party costs related to the delivery of Customer’s Product to the Terminals and from the Storage Tanks. Owner is not responsible for such 

  

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Third Party costs. Unless otherwise provided by Owner in writing, Customer must provide notice reasonably acceptable to Owner containing all necessary
instructions, including without limitation, the identity and quantity and any other specifications of the Product and the tentative date of delivery to the Terminals (the “Scheduling Notice”). Each Scheduling Notice delivered
hereunder by Customer for deliveries of Product to a Terminal shall be sent to those individuals that Owner has specified to Owner to receive such Scheduling Notice for the applicable Terminal with respect to such Product delivery. 
 4.3 Subject to the restrictions of Attachment “A”, Owner will deliver to Customer, or to such Third Parties as Customer may direct, the
Product held by Owner in the Storage Tanks for the account of Customer. Customer is responsible for providing to Owner documentation required to authorize deliveries for or on its behalf from the Storage Tanks.
 4.4 Owner will provide the Services to Customer only with respect to Product. Customer will have access to the Terminals and Storage Tanks for other
products only with prior written notice to and consent by Owner. Any other product approved by Owner will then become part of “Product” as defined in this Agreement. If a special method of providing the Services is
required for Product, then Customer must notify Owner in sufficient time to enable Owner to consider whether, in Owner’s sole discretion, it will accept the proposed changes in the method of delivering the Services and to take the necessary
preparatory measures if it agrees with such changes. Absent such notice and absent Owner’s written approval with respect to changes in the Product or the method of delivering the Services, Owner will not be liable for losses or damage
incurred during the terminalling and storage of Product (except for losses and damages resulting from Product Loss), nor will Owner be obligated to provide such special Service. It is understood that the cost of any additional or special equipment
required by Customer or of alterations made necessary by the nature of Product will be for the account of Customer, and Customer will be responsible for the expense of any necessary cleaning and restoration to their previous condition of the
Terminals and Storage Tanks, including, without limitation, pumps, and loading facilities, unless otherwise explicitly stated in this Agreement. All fixtures, equipment and appurtenances attached to the Storage Tanks will be installed by the
Owner and will remain the property of Owner.
 4.5 Upon a change in the Product to be terminalled and stored during the Term of this
Agreement, or upon termination of this Agreement, Customer shall remove all liquid Product from the Terminals and Storage Tanks that can be safely pumped with existing equipment. Customer shall have a reasonable amount of time to remove all liquid
Product from the Terminals and Storage Tanks. Customer agrees to reimburse Owner for the actual costs of such removal, plus a ten percent (10%) administrative fee, should Customer fail to remove its liquid Product within a reasonable time
period. 
 4.6 If any Governmental Authority requires installation of any improvement, alteration or addition to any Terminal or Storage Tank
for purposes of compliance with Applicable Law, and if the installation would require Owner to make substantial and unanticipated capital expenditures, other than continued maintenance and capital expenditures not affected by such requirement, Owner
will be entitled to impose a reasonable service surcharge (which surcharge may include the Owner’s cost of capital) in addition to the fees set out in Attachment “A”. Owner will notify Customer of (i) the cost of making
any such improvement, alteration or addition, after Owner’s efforts to mitigate such costs, (ii) when such improvement, alteration or addition must be completed and (iii) the Owner’s reasonable estimate of the service surcharge
related to the capital expenditure to be paid by Customer over the remaining Term. Owner will not be required to make any improvements, alterations or additions to the Terminals or the Storage Tanks in such circumstance, unless Customer agrees
to pay the surcharge. If Customer elects, after negotiation with Owner in good faith, not to pay the surcharge and the Owner chooses not to pay for such improvement, alteration or addition, Owner may direct the affected Product to a mutually
acceptable Storage Tank at the same Terminal, another Terminal or at other facilities owned by Owner or its Affiliates. If Customer elects not to pay the surcharge, and if Owner does not direct the Product to 

  

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mutually acceptable alternate facilities, either Party may terminate this Agreement as to the Services provided at the affected Terminals and/or Storage
Tanks from this Agreement, with an equivalent reduction of the fees set out on Attachment “A”, including the Minimum Use Commitments, by giving the other Party notice of its intention no later than thirty (30) days after
Owner’s receipt of notice of Customer’s election not to pay the service surcharge. If Customer elects to pay the service surcharge, Owner shall proceed with the installation of the required improvement, alteration or
addition. Owner will calculate the surcharge required to recover the portion of Owner’s costs for the improvement, alteration or addition attributable to Customer’s use of the impacted portion of the Terminals and/or Storage Tanks.
The portion of Owner’s costs to be recovered through the surcharge to Customer shall equal the percentage of total revenues from the impacted segment of the Terminals and/or Storage Tanks attributable to Customer’s use of such Terminal or
Storage Tank segment for the six (6) full Months preceding the date of Owner’s notice to Customer of the cost of the improvement, alteration or addition. Customer may pay the surcharge in equal monthly installments over the remaining
Term. In such a case, the amount of the monthly installment will be increased by an interest component calculated on the surcharge at a rate of 1% over the prime lending rate as reported in the Wall Street Journal on the date of completion of
such installation. Within thirty (30) days after completion of the required improvement, addition or alteration, Customer may elect to pay the surcharge for the remaining Term in one lump sum. Owner shall calculate the cost of the improvement,
alteration or addition and the surcharge using reasonable assumptions and estimates. In addition to actual capital and installation costs, the costs to be recovered through the surcharge will include engineering and interest expense (at a rate of 1%
over the prime lending rate as reported in the Wall Street Journal on the date of completion of such installation) and subsequent reasonable expenses, if any, of operating or maintaining such installation as reasonably determined by Owner.

 4.7 When the Product is specifically identified and kept separate from the product of other customers (“Segregated
Service”), Customer will be responsible for providing all tank bottoms and in all other cases, Customer will be responsible for providing its proportional share of tank bottoms. Customer will retain ownership of any portion or all of
the tank bottoms it provides. 
 Section 5. Product Quality Standards and Requirements.
 5.1 Customer warrants to Owner that all Product tendered by or for the account of Customer for receipt into the Terminals and Storage Tanks will conform
to the specifications for such Product set forth in Attachment “B”, attached to this Agreement and included in it for all purposes by this reference, and will comply with industry standards and all Applicable Law. Owner may
rely upon the specifications and representations of Customer, if any, set forth in the Scheduling Notice described in Section 4.2 as to Product quality. Owner will not be obligated to receive Product into the Terminals and Storage
Tanks that is contaminated or that otherwise fails to meet the specifications set forth on Attachment “B”, nor will Owner be obligated to accept Product that fails to meet Product grade, if any, set forth in the Scheduling Notice.
Should Owner remove or dispose of or otherwise treat the Product for any water or other material or contaminants in or associated with the Product at any time, Customer shall pay or reimburse all costs and expense associated with such removal,
disposal or treatment.
 5.2 The quality of Product tendered into the Terminals and Storage Tanks for Customer’s account may be verified
either by Customer’s laboratory analysis, or by an Independent Inspector’s analysis indicating that the Product so tendered meets minimum Product specifications, if any, set forth in the Scheduling Notice. Such analysis may be
conducted on a periodic basis in accordance with a quality compliance program implemented by Customer, which program shall be subject to the approval of Owner, which approval shall not be unreasonably withheld. All costs associated with such
compliance program shall be borne by Customer. Upon reasonable notice to Customer, Owner, at its expense, may sample any Product tendered to Owner for Customer’s account for the purpose of confirming the accuracy of the
analysis.
  

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 5.3 Unless Owner has provided Segregated Service for the Product, Owner may commingle fungible Products
received from or on behalf of Customer with those fungible products of other Third Parties using the Storage Tanks. Each Party may at all reasonable times conduct appropriate tests to determine whether Product meets the applicable
specifications set forth in the Scheduling Notice. Owner will be liable to Customer by reason of contamination of Product occurring at the Terminals or in the Storage Tanks that causes the Product to fail to meet specifications, but only to the
extent such contamination involves a Product Loss. In all other cases, Customer shall indemnify Owner for any Liability incurred by Owner to parties who purchase Product from Customer. 
 Section 6. Title and Custody of Product.
 6.1 Title to the Product will remain with
Customer at all times subject to any lien in favor of Owner created pursuant to the terms of this Agreement or under Applicable Law. Owner will assume custody of the Product beginning when such Product passes the flange connection between the rail
car, barge, ship, or vehicle and Owner’s receiving hose at the Terminals and custody will pass back to Customer at the time such Product passes the outlet flange of each Storage Tank. 
 6.2 Owner shall indemnify Customer for damages, losses, or injury caused by Owner’s gross negligence or intentional misconduct. Owner shall
otherwise have no responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury involves a Product Loss. Customer
shall indemnify Owner for any Liability incurred by Owner to Third Parties arising out of Owner’s possession or use of the Product for which Owner is not liable under this paragraph and for any Liability to Third Parties arising out of or
pertaining to the Product before its delivery by Customer to the Terminals and after its receipt by Customer from the Storage Tanks. 
 Section 7.
Limitation of Liability and Damages.
 7.1 The maximum Liability of Owner for Product Loss will not exceed, and is strictly limited
to, the market value of the Product at the time of the Product Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to
equipment into which such Product was delivered from the Storage Tanks, plus any fines and penalties actually levied or imposed by anyone including federal, state or local governments against Customer or Customer’s immediate purchaser by reason
of such fault on Owner’s part. Owner may, in lieu of payment for Product, replace such Product with Product of like grade and quality.
 7.2 EXCEPT FOR THE PARTIES’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, AND EXCEPT FOR CUSTOMER’S MINIMUM USE COMMITMENTS, THE PARTIES’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL
DAMAGES ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR
OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. Each Party acknowledges its duty to mitigate damages hereunder.

  

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 Section 8. Product Measurement.
 8.1 Quantities of Product delivered to the Terminals and redelivered from the Storage Tanks shall be determined for deliveries and receipts by truck,
rail, ship and barge volumes and shall be measured by one of the following methods: meter, scale weights, bills of lading, barge and ship gauges or terminal tank gauges. Absent fraud or manifest error, the quantities of Product in the Storage
Tanks will be determined on a monthly basis by tank gauge readings on the last day of each month and, for the month of December, by a physical dipping of each storage tank. Unless indicated otherwise, quantity determinations will be based on a
Barrel or Ton of Product and shall be determined in accordance with the latest established API/ASTM standards for the method of delivery. Gauging of Product received, delivered and in storage will be taken jointly by representatives of the Parties;
provided, that if Customer does not have representatives present for gauging, Owner’s gauging will be conclusive, absent fraud or manifest error. Customer may use an Independent Inspector at its own expense.
 8.2 Storage Tank meters and gauges will be certified and calibrated periodically and after each completion of a repair or replacement of a meter. Such
repairs and replacements shall be at Owner’s expense. Such calibration shall be in accordance with the latest applicable API/ASTM standards. If a meter or gauge is determined by either Party to be defective or inoperative, such Party
shall immediately notify the other Party, and it will be the responsibility of the Owner to promptly make repairs or replacements. In the event that Product was received into Storage Tanks having a faulty meter or gauge, the Parties will
determine the correct volume of Product received. If the Parties are unable to determine and agree on the correct volume of Product received, they will appoint a mutually acceptable Independent Inspector to determine the correct quantity, and the
findings of the Independent Inspector shall be final and binding on the Parties except for fraud or manifest error. The Parties shall share equally the cost of the Independent Inspector under this Section 8.2.
 Section 9. Product Loss and Product Gain.
 9.1 During such time as Owner has custody of the Product pursuant to Section 6, Owner will indemnify Customer against, and is responsible for, any Product Loss that occurs while the Product is located at the Terminals or remains
in the Storage Tanks. In the event of the foregoing Product Losses, the total Barrels of net Product Loss each calendar quarter will be determined and will be replaced by Owner, or Owner will reimburse Customer the cost of such Product. 

Section 10. Force Majeure.
 10.1 If
either Party is unable to perform or is delayed in performing, wholly or in part, its obligations under this Agreement, other than the obligation to pay funds when due, as a result of an event of Force Majeure, that Party may be excused from such
performance by giving the other Party prompt written notice of any event that is or could become an event of Force Majeure with reasonably full particulars thereof. The obligations of the Party giving notice, so far as such obligations are
affected by the event of Force Majeure, will be suspended during, but not longer than, the continuance of the event of Force Majeure beginning with the time that the event first occurs. The affected Party must act with commercially reasonable
diligence to overcome or remedy the event of Force Majeure and resume performance as quickly as possible. Once the event of Force Majeure is remedied, the affected Party shall notify the other Party that the event of Force Majeure no longer affects
such obligations. If Owner is excused from providing service pursuant to this Agreement due to an event of Force Majeure, the fees hereunder, not already due and payable, and the Minimum Use Commitments, if any, that are directly affected by
such Force Majeure event will be excused or proportionately reduced, on a daily basis, for so long as the Owner’s performance is excused due to the event of Force Majeure.
  

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 10.2 The requirement that any Force Majeure event be remedied with all reasonable diligence shall not
require the settlement of strikes, lockouts, or other labor difficulty by the Party claiming excuse due to an event of Force Majeure contrary to its wishes.
 10.3 If either Party is rendered unable to perform by reason of an event of Force Majeure for a period in excess of one year, then either Party may terminate this Agreement with respect to the portion of the Terminals
and the Storage Tanks affected by such Force Majeure event upon written notice to the other Party.
 10.4 Notwithstanding any other provision
in this Agreement, in no event will Owner be deemed to be in breach of this Agreement as a result of the closure of the Terminal and Storage Tank located at Gloucester City, NJ as a result of the exercise of the Gloucester Option and in such event,
the Minimum Use Commitments affected by such closure will not be reduced or excused.
 Section 11. Inspection of and Access to the Storage
Tanks.
 11.1 Customer shall have the right during Owner’s normal business hours and after reasonable notice to Owner so as not
to disrupt the operations of the Terminals or the Storage Tanks or Owner’s other operations (i) to make periodic operational inspections of the Terminals and Storage Tanks, (ii) to conduct audits of any pertinent books and records,
including those related to receipts, deliveries and inventories of Product, and (iii) to conduct physical verifications of the amount of Product delivered to the Terminals and stored in the Storage Tanks. Customer’s right and that of
its authorized representatives to inspect the Terminals and Storage Tanks will be exercised by Customer in a way that will not interfere with or diminish Owner’s control over or its operation of the Terminals or Storage Tanks and will be
subject to reasonable rules and regulations promulgated by Owner.
 11.2 Customer acknowledges that any grant of the right of access to
the Terminals and Storage Tanks under this Agreement or under any document related to this Agreement is a grant of a license only and shall convey no interest in or to the Terminals or Storage Tanks or any part of it, and may be withdrawn by Owner
at its discretion at any time.
 Section 12. Assignment.
 This Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of Owner. Customer covenants that it will not by operation of law or otherwise assign, hypothecate, pledge,
encumber or mortgage this Agreement, or any part of or right or obligation under it, without the prior written consent of Owner in each instance; provided, however, (i) Customer shall be allowed to pledge and hypothecate its interest hereunder
to the lenders under its credit facilities and (ii) Owner recognizes that the Customer intends to contract with Third Parties related to the storage and terminalling of Product which will require the use of the Owner’s services, and the
foregoing limitation shall not prevent such activities, but in no event shall such activities give any Third Party any rights against Owner, and the Third Parties shall look solely to Customer for performance. For purposes of this Section,
“assign” will be considered to include any change in the majority ownership or control of Customer or Owner, as applicable. The foregoing limitation on the right to assign is intended to be not only a covenant but a full and absolute
withholding of the power and authority to assign, transfer, hypothecate, encumber or mortgage this Agreement, and any attempt by Customer to assign, transfer, hypothecate, encumber or mortgage this Agreement will be null and void and need not be
recognized by Owner for any purpose. Owner may, however, ignore any such attempt to assign, transfer, hypothecate, encumber or mortgage this Agreement and may continue to deal with Customer as if such attempt had never been made and continue to look
to and demand of Customer full performance of all terms, conditions and provisions of this Agreement, including the Minimum Use Commitment. The consent by Owner to any 

  

 10 

 
assignment, hypothecation, pledge, encumbrance, mortgage or use of this Agreement will not constitute a waiver of Owner’s right to withhold its consent
to any other or further assignment, hypothecation, pledge, encumbrance, mortgage or use of the Agreement. The absolute and unconditional prohibitions contained in this Section and Customer’s agreement to them are material inducements to
Owner to enter into this Agreement, and any breach of them will constitute a material default under this Agreement permitting Owner to exercise all remedies provided for in this Agreement or by law.
 Notwithstanding anything hereinabove to the contrary, Owner shall be permitted to sell or otherwise transfer all or part of the Terminals and Storage
Tanks to an Affiliate, whether by sale or by operation of law, provided, such Affiliate agrees to be bound the terms and conditions of this Agreement with respect to the Terminals and Storage Tanks transferred to it. Owner shall likewise be
permitted to sell or otherwise transfer all or part of the Terminals or the Storage Tanks to a non-Affiliate, provided, such non-Affiliate agrees to be bound the terms and conditions of this Agreement with respect to the Terminals and Storage Tanks
transferred to it, provided, further, that such sale or transfer to a non-Affiliate shall not be permitted if (i) such sale or transfer would have a material adverse effect on the transactions contemplated under this Agreement or (ii) such
sale or transfer is made to a Third Party that Customer reasonably deems to be unacceptable based upon a review of such Third Party’s creditworthiness, financial capabilities, and ability to operate the Terminals and Storage Tanks. Owner shall
give Customer written notice of any proposed sale or other transfer at least sixty (60) days prior to the sale or other transfer and, in the case of a transfer to a Third Party, shall set out the name and sufficient background information about
the proposed transferee to allow the Customer to reasonably determine whether the transfer would have a material adverse effect on the transactions under the Agreement. Customer will, before the end of the sixty (60) days, deliver its written
consent to the transfer to Owner, not to be unreasonably withheld, or else give notice of its objection to the transfer and the reason or reasons for its objection. 
 Section 13. Notice.
 Any notice required under this Agreement must be in writing and will
be deemed received when actually received and delivered by (i) United States mail, certified or registered, return receipt requested, (ii) confirmed overnight courier service, or (iii) confirmed facsimile transmission properly
addressed or transmitted to the address of the Party indicated in Attachment “A” or to such other address or facsimile number as one Party shall provide to the other Party in accordance with this provision. Unless provided otherwise
herein, all statements, payments and other documents to be delivered pursuant to this Agreement shall also be delivered to the address of the Party indicated in Attachment “A”.
 Section 14. Compliance with Law and Safety.
 14.1 Customer warrants that the Product tendered by it has been produced, transported and handled in full compliance with all Applicable Law. Owner warrants that the services provided by it under this Agreement are in full compliance with
all Applicable Law. Each Party also warrants that it may lawfully receive and handle the Product, and it will furnish to the other Party any evidence required to provide compliance with Applicable Law and to file with applicable Governmental
Authorities reports evidencing such compliance with Applicable Law.
 14.2 Customer will furnish Owner with information (including material
safety data sheets) concerning the safety and health aspects of the Product terminalled or stored under this Agreement. Owner will communicate such information to all persons who may be exposed to or may handle such Product, including without
limitation, Owner’s agents and contractors.
  

 11 

 Section 15. Default, Waiver and Remedies.
 15.1 The occurrence of any of the following events shall constitute an “Event of Default” hereunder:
 (a) either Party fails to pay any sum owed by it to the other Party under this Agreement within fifteen (15) Business Days of the delivery to the
defaulting Party of a notice of default;
 (b) either Party fails to satisfy any obligation or render any performance to the other Party or
breaches any covenant made to the Party under this Agreement, which breach of obligation, performance or covenant, if capable of being cured, is not cured to the reasonable satisfaction of the other Party within fifteen (15) Business Days from
the date that such Party receives notice that corrective action is needed;
 (c) either Party files a petition in bankruptcy or otherwise
becomes subject to the jurisdiction of a bankruptcy court;
 (d) either Party to this Agreement shall repudiate, deny or disaffirm its
obligations under this Agreement;
 (e) this Agreement is cancelled, terminated, revoked or rescinded without the express prior consent of
the other Party (except for a termination under Section 10.3 hereof), or any proceeding shall have been commenced by any person (other than either Party) seeking to cancel, revoke, rescind or disaffirm the obligations of any Party to
this Agreement (unless such Party is contesting the proceeding in good faith and such proceeding is withdrawn or dismissed with prejudice within 15 days); or 
 (f) the failure to provide an assurance of future performance under Section 17.2. 
 15.2 The
waiver by the non-defaulting Party of any right under this Agreement will not operate to waive any other such right nor operate as waiver of that right at any future date upon another default by either Party under this Agreement, and a single or
partial exercise of any right, power or privilege by one Party in the event of the other Party’s default will not preclude any subsequent or further exercise of that right, power, or privilege or the exercise of any other right, power, or
privilege. Nothing in this Section 15.2 is intended in any way to limit or prejudice any other rights or remedies the non-defaulting Party may have under this Agreement, under Applicable Law or in equity. The remedies provided
in this Agreement are not exclusive and, except as otherwise expressly limited by this Agreement, are in addition to all other remedies of the non-defaulting Party at law or in equity. Acceptance by Owner of any payment from Customer for any
charge or service after termination of this Agreement shall not be deemed a renewal of this Agreement under any circumstances. Notwithstanding any provision in this Agreement to the contrary, if Customer is not then in default, Customer shall
be entitled to remove its Product from the Terminals and Storage Tanks at any time if Owner is in default under this Agreement.
 15.3 Upon
the occurrence and during the continuance of an Event of Default, and at any time thereafter, the non-defaulting Party may, by delivery of written notice to the defaulting Party, take any or all of the following actions, without prejudice to the
rights of the non-defaulting Party to enforce its claims against the defaulting Party and to enforce any other remedies provided by law: (a) withhold or suspend its performance under this Agreement without prior notice;
(b) immediately terminate this Agreement in whole or in part; and (c) enforce any and all rights and interests created and existing under this Agreement or arising under Applicable Law, including, without limitation, all rights and
remedies existing under any security documents and all rights of setoff. The enumeration of the foregoing rights is not intended to be exhaustive and the exercise of any right shall not preclude the exercise of any other rights, all of which
shall be cumulative.
  

 12 

 Section 16. Insurance.
 16.1 Workers’ Compensation Insurance. At all times during the term of this Agreement, each Party shall carry and maintain in force, workers’ compensation insurance, with policy limits equal to or
greater than the statutory requirements of the states in which the Storage Tanks are located and employers’ liability insurance with policy limits equal to or greater than $3,000,000 for each accident, $3,000,000 for each employee and
$3,000,000 as to each disease. In the event either Party leases employees, then lessee Party shall cause lessor Party to carry workers’ compensation and/or employer’s liability insurance at the levels set forth above. 
 16.2 General Liability Insurance. At all times during the term of this Agreement, each Party shall carry and maintain in force, comprehensive
general liability insurance, with a minimum $3,000,000 combined single limit. The Owner’s commercial general liability insurance shall include coverage for Product Loss for Product in the care, custody and control of Owner and shall cover
“sudden and accidental pollution” events. 
 16.3 Automobile and Truck Insurance. At all times during the term of this
agreement, each Party shall carry and maintain in force, commercial automobile liability insurance with a minimum $3,000,000 combined single limit per occurrence for owned, hired and non-owned automotive equipment. If work is to be performed by
either Party involving hauling Product subject to section 29 and 30 of the Motor Carrier Act of 1980, then coverage shall include broadened pollution coverage using ISO endorsement CA-99-48 Broadened Pollution Coverage – Truckers, or an
endorsement that offers similar or greater coverage. 
 16.4 Customer’s Product Insurance. Insurance on Customer’s Product,
if any, that may be desired by Customer, shall be carried by Customer at Customer’s expense. Should Customer elect to carry Product insurance, then each policy of insurance shall be endorsed to provide a waiver of subrogation rights in favor of
Owner and its affiliates. 
 16.5 Miscellaneous Insurance Provisions. 
 (a) The above stipulated levels of insurance coverage may be satisfied through primary insurance or a combination of primary and excess or umbrella
liability insurance. 
 (b) Either Party may elect to self-insure for the coverages required by this Section 16 upon written
approval by other Party. 
 (c) Either Party may elect deductibles to the coverages required by this Section 16 upon the written
approval by other Party. 
 (d) The mere purchase and existence of insurance coverage shall not reduce or release either Party from any
liabilities incurred or assumed under this Agreement. 
 Section 17. Security and Credit. 
 17.1 If Customer fails to pay the sums owed by it to Owner pursuant to this Agreement when due, Owner shall provide Customer with notice of default as
provided in this Agreement and an opportunity to cure such default within a period of fifteen (15) days from delivery of such notice. If 

  

 13 

 
Customer has not cured such default within such fifteen (15) day cure period, Owner may exercise any of the remedies provided in
Section 15.3 or proceed in accordance with Applicable Law to recover its damages, including, without limitation, all costs, reasonable attorney fees, and expenses incurred by Owner in the recovery of fees owed to Owner by
Customer.
 17.2 If at any time Owner believes in good faith that the ability of the Customer to perform under this Agreement has been
impaired or is unsatisfactory, advance cash payment or other assurance of future performance acceptable to Owner, including letters of credit, will be given by Customer upon demand by Owner to cover fees that are reasonably anticipated to become due
under this Agreement over the remaining Term. Failure to provide an assurance of future performance pursuant to this paragraph shall be deemed an Event of Default under Section 15.1. 
 17.3 If any insolvency, bankruptcy, receivership, or similar proceedings are initiated by or against Customer, on the day immediately before such event,
any fees for services rendered or to be rendered under this Agreement and any fees required to be paid for the remaining Term of this Agreement, will become immediately due and payable, and this Agreement will terminate, without prejudice to any
other rights or remedies it may have under this Agreement or the law. 
 Section 18. Indemnity.
 18.1 Indemnity. Subject to Section 7, each Party (the “Indemnifying Party”) shall indemnify and hold the
other Party, its Affiliates, and their employees, directors, officers, representatives, agents and contractors (collectively, the “Indemnified Party”) harmless from and against any and all Liabilities arising from the
Indemnifying Party’s (i) breach of this Agreement, (ii) gross negligence or willful misconduct of it, its Affiliates and their employees, directors, officers, representatives, agents or contractors in connection with the performance
of such Party’s obligations under this Agreement, or (iii) failure to comply with Applicable Law with respect to the sale, transportation, storage, handling or disposal of the Product, unless and to such extent that such Liability results
from the Indemnified Party’s breach of this Agreement, gross negligence or willful misconduct, or failure to comply with Applicable Law.
 18.2 No Third Party Rights. The Parties’ obligations to defend, indemnify and hold each other harmless under the terms of this Agreement shall not vest any rights in or enforceable by any Third Party, whether a Governmental
Authority or private entity, nor shall they be considered an admission of liability or responsibility for any purposes other than those enumerated in this Agreement. The terms of this Agreement are enforceable only by the Parties, and no Third
Party, including a member of Owner, shall have a separate right to enforce any provision of this Agreement, or to compel any Party to comply with the terms of this Agreement.
 18.3 Notice. The Indemnified Party shall notify the Indemnifying Party as soon as practicable after receiving notice of any claim or
proceeding brought against it that might give rise to an indemnity claim under this Agreement (a “Third Party Claim”) and shall furnish to the Indemnifying Party the complete details within its knowledge. Any delay or
failure by the Indemnified Party to give notice to the Indemnifying Party shall not relieve the Indemnifying Party of its obligations except to the extent, if any, that the Indemnifying Party shall have been materially prejudiced by reason of such
delay or failure.
 18.4 Claims. The Indemnifying Party shall have the right to assume the defense, at its own expense and by its
own counsel, of any Third Party Claim; provided, however, that such counsel is reasonably acceptable to the Indemnified Party. Notwithstanding the Indemnifying Party’s appointment of counsel to represent an Indemnified Party, the
Indemnified Party shall have the right to employ separate counsel reasonably acceptable to the Indemnifying Party, and the Indemnifying Party shall bear 

  

 14 

 
the reasonable fees, costs and expenses of such separate counsel if in the Indemnified Party’s reasonable judgment (i) the use of counsel chosen by
the Indemnifying Party to represent the Indemnified Party would present such counsel with a conflict of interest or defenses are available to the Indemnified Party that are not available to the Indemnifying Party (ii) the Indemnifying Party
shall not have employed counsel to represent the Indemnified Party within a reasonable time after notice of the institution of such Third Party Claim. If requested by the Indemnifying Party, the Indemnified Party agrees to reasonably cooperate
with the Indemnifying Party and its counsel in contesting any claim or proceeding that the Indemnifying Party defends, including, if appropriate, making any counterclaim or cross-complaint. All reasonably incurred costs and expenses incurred in
connection with the Indemnified Party’s cooperation shall be borne by the Indemnifying Party.
 18.5 Settlement. No Third
Party Claim may be settled or compromised by (i) the Indemnified Party without the consent of the Indemnifying Party or (ii) by the Indemnifying Party without the consent of the Indemnified Party. Notwithstanding the foregoing, an
Indemnifying Party shall not be entitled to assume responsibility for and control of any proceeding if such proceeding involves an Event of Default by the Indemnifying Party under this Agreement which shall have occurred and be
continuing.
 Section 19. Construction of Agreement.
 19.1 Headings. The headings of the sections and subsections of this Agreement are for convenience only and shall not be used in the interpretation of this Agreement.
 19.2 Amendment or Waiver. This Agreement may not be amended, modified or waived except by written instrument executed by officers or duly
authorized representatives of the respective Parties.
 19.3 Severability. Any provision of this Agreement that is prohibited or
not enforceable in any jurisdiction shall, as to that jurisdiction, be ineffective only to the extent of the prohibition or lack of enforceability without invalidating the remaining provisions of this Agreement, or affect the validity or
enforceability of those provisions in another jurisdiction or the validity or enforceability of this Agreement as a whole.
 19.4 Entire
Agreement and Conflict with Attachments. This Agreement (including Attachments) contains the entire and exclusive agreement between the Parties with respect to the subject matter hereof, and there are no other promises, representations, or
warranties affecting it. The terms of this Agreement may not be contradicted, explained or supplanted by any usage of trade, course of dealing or course of performance and any other representation, promise, statement or warranty made by either
Party or their agents that differs in any way from the terms contained herein will be given no force or effect. In the case of any conflict between the body of this Agreement and any of its Attachments, the terms contained in the Attachments
will govern.
 19.5 Law. This Agreement will be construed and governed by the laws of the State of Oklahoma except the choice of law
rules of that State that may require the application of the laws of another jurisdiction.
 19.6 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. 
 19.7 Further Assurances. Subject to the terms and conditions of this Agreement, each of the Parties hereto will use commercially reasonable
efforts to take, or cause to be taken, all action, and to do, or cause to be done, all things necessary under applicable laws and regulations to consummate the transactions contemplated by this Agreement. 
  

 15 

 19.8 No Third-Party Beneficiaries. Nothing contained in this Agreement, expressed
or implied, is intended or shall be construed to confer upon or give to any Person (including any limited partners of SemGroup Energy Partners, L.P.) other than the Parties hereto and their successors or permitted assigns, any rights or remedies
under or by reason of this Agreement. 
  

 16 

 This Agreement has been executed by the authorized representatives of each Party as indicated below as of
the Effective Date. 
  

			
	SemMaterials, L.P.
		
	By:	 	SemOperating G.P., L.L.C.
	Its:	 	General Partner
		
	By	 	 /s/ Frank R. Panzer

	Name:	 	Frank R. Panzer
	Title:	 	President of SemMaterials
	
	SemMaterials Energy Partners, L.L.C.
		
	By	 	 /s/ Kevin L. Foxx

	Name:	 	Kevin L. Foxx
	Title:	 	President and Chief Executive Officer

 Signature Page to 
 Terminalling and Storage Agreement 
 by and between 
 SemMaterials, L.P. 
 and

 SemMaterials Energy Partners, L.L.C. 
 dated as of February 20, 2008 

 ATTACHMENT “A” 
  

	1.	Customer Notice and Billing Address 

 SemMaterials,
L.P. 
 6502 South Yale 
 Tulsa,
Oklahoma 74136 
  

	2.	Owner Notice Address 

 SemMaterials Energy Partners
L.P. 
 Two Warren Place 
 6120
South Yale Avenue, Suite 700 
 Tulsa, Oklahoma 74136 
  

	3.	Fees for Storage and Terminalling Services; Reimbursement of Energy Costs 

  

	 	(a)	Storage Service Fees: 

 Minimum Use
Fee: Customer is required to use or pay for storage services on 5,000,000 Barrels per month (“Minimum Storage Commitment”) at charge of $** per Barrel per month (“Base Storage Charge”). The
determination of the number of Barrels stored per month shall be calculated based on the average of (1) the number of Barrels of Product stored at the end of the prior month and (2) the number of Barrels of Product stored at the end of the
current month, in each case determined in accordance with Section 8.1 of this Agreement. The Minimum Storage Commitment fees will be payable in full, in cash, on a monthly basis (unless the failure to achieve the Minimum Storage
Commitment results from Owner’s inability or failure to provide the services, as specified in this Agreement). Should the initial month under this Agreement be less than a full month, the Minimum Storage Commitment for that month shall be
proportionately reduced to reflect the actual time period. 
 Fees for Additional Storage: To the extent that the number of barrels
stored on behalf of Customer exceeds the Minimum Storage Commitment set forth above in any given Month, Customer shall pay for such services an amount equal to 110% of the Base Storage Charge per Barrel for such excess barrels. This charge will be
invoiced and will be payable monthly. 
  

	 	(b)	Terminalling Fees: 

 Minimum Use Fee:
“Throughput” means the aggregate quantity of Product moved through Owner’s Storage Tanks on behalf of Customer under this Agreement and such quantity shall be calculated on a monthly basis based upon (1) the number of Barrels
stored at the end of the prior month, plus (2) receipts of Product at the Storage Tanks during such month, less (3) the number of Barrels of Product stored at the end of such month, all as determined in accordance with
Section 8.1 of this Agreement. Transfers of Product between Owner’s Storage Tanks, regardless of location, will not be considered Throughput. Customer is required to use or pay for throughput services on ** Tons per calendar
quarter 
  

	**	Certain confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission. 

 1 

 
(“Minimum Throughput Commitment”) at a charge of $** per Ton. The Minimum Throughput Commitment fees per calendar quarter will
be payable in advance, in full, in cash, on a monthly basis in three equal payments (unless the failure to achieve the Minimum Throughput Commitment results from Owner’s inability or failure to provide the services, as specified in the
Agreement). Should the initial calendar quarter under this Agreement be less than a full calendar quarter, the Minimum Throughput Commitment for that quarter shall be proportionately reduced to reflect the actual time period. 
 Fees for Additional Throughput: If throughput in any calendar quarter during the term hereof exceeds the Minimum Throughput Commitment, then
Customer shall pay for such services at a charge of $** per Ton for such excess Tons. This charge will be invoiced in the final month of a calendar quarter. 
  

	 	(c)	CPI Index Adjustments of Fees: 

 The fees set forth
in paragraphs (a) and (b) above will be subject to adjustment as of the first day of July of each year beginning on July 1, 2009. The fee then in effect will be adjusted by the percentage increase or decrease in the Consumer Price
Index- All Urban Consumers for the last calendar year compared to the immediately preceding calendar year as published by the United States Department of Labor, Bureau of Labor Statistics, or any other successor or substitute agency or authority;
provided, however, no fee, as adjusted, will ever be less than the original amount of said fee set forth in this Attachment “A”. 
  

	 	(d)	Reimbursement of Energy Costs: 

 Customer shall
reimburse Owner for all direct energy costs (e.g., electricity, natural gas, steam) attributable to the services provided hereunder. Direct energy costs will be based upon usage as determined by metering equipment that serves the facility where the
Storage Tanks are located. Energy costs will be invoiced monthly for the prior month’s energy usage. 
  

	4.	Operating Hours 

 24 Hours per day, 7 days per week.

  

	5.	Terminals 

 Terminals means (i) the
asphalt cement and residual fuel storage Terminals of Owner as listed in Attachment A-1 attached hereto, and as may be amended from time to time, and (ii) any asphalt cement or residual fuel storage terminals as are subsequently acquired
or constructed by the Owner to replace such existing asphalt cement and residual fuel storage terminals, provided, Terminals shall not include any of Customer’s asphalt manufacturing or processing facilities and equipment
that are located at any Terminal 
  

	**	Certain confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission. 

 2 

	6.	Term 

 The initial term of this Agreement (the
“Initial Term”) begins on the Effective Date and ends December 31, 2014. At the end of the Initial Term, this Agreement will automatically extend for successive periods of one Contract Year each (each such period being
an “Extended Term”), unless either Party notifies the other at least twelve Months before the end of the Initial Term or the then-current Extended Term, if any, that it desires to terminate the Agreement effective at the end
of the Initial Term or the then current Extended Term, if any. The Initial Term together with all Extended Terms, if any, will be deemed the “Term” of this Agreement. For a period of two (2) Calendar Years after the
termination or expiration of this Agreement, Owner shall have a preferential right to match any bona fide Third Party offer for any storage or throughput services provided to Customer on the same terms and conditions specified in the Third Party
offer. Customer shall not be obligated to accept Owner’s offer to provide such services unless Owner agrees to provide the services to Customer on the terms and conditions set forth in the Third Party offer. 
  

 1 

 ATTACHMENT “A-1” 
 Terminals 
 Ardmore, OK 
 Austin, TX 
 Bay City, MI 
 Billings, MT 
 Boise, ID 
 Catoosa, OK (Emulsion plt) 
 Catoosa, OK (Port 33) 
 Chicago, IL Marine Oil 
 Columbus, OH 
 Denver C, CO 
 Denver K, CO 
 Dodge City, KS 
 El Dorado, KS 
 Ennis, TX 
 Fontana, CA 
 Garden City, GA 
 Gloucester City, NJ 
 Grand Island, NE 
 Grand Jct, CO 
 Halstead, KS 
 Las Vegas, NV 
 Lawton, OK 
 Little Rock, AR 
 Lubbock, TX 
 Memphis Emulsion, TN 
 Memphis TN 
 Morehead City, NC 
 Muskogee, OK 
 N. Salt Lake City, UT 
 New Madrid, MO 
 Newport News, VA 
 Northumberland, PA 
  

 1 

 Parsons, TN 
 Pasco, WA

 Pekin, IL 
 Port of Catoosa, OK 
 Pueblo, CO 
 Reading, PA 
 Saginaw, TX 
 Salina, KS 
 Sedalia, MO 
 Spokane (Hillyard), WA 
 Spokane (Valley), WA 
 St. Louis, MO 
 Warsaw, IN 
 Woods Cross, UT 
  

 2 

 ATTACHMENT “B” 
 Asphalt Cement meeting the following specifications: all viscosity and penetration for graded paving, including, but not limited to, AC-5, AC-7, AC-10, AC-13, AC-15, AC-20, AC-30, AC-40/50, RA-800, RA-900, RA-925 and
all asphalt emission base stock products. 
 Residual Fuel oils meeting the following specifications: all residual fuel oil products, including but not
limited to, vacuum gas oil, carbon black oil, vacuum tower bottoms, light cycle oils, FCC bottoms and flux. 
  

 1Terminal Access and Use Agreement

 Exhibit 10.2 
 Execution Copy 
  
  
  
  
 TERMINAL ACCESS AND USE AGREEMENT

 by and among 
 SEMMATERIALS, L.P., 
 K.C. ASPHALT, L.L.C. 
 and 
 SEMMATERIALS ENERGY PARTNERS, L.L.C. 
 dated as of 
 January 28, 2008

  
  
  
  
  

 TERMINAL ACCESS AND USE AGREEMENT 
 THIS TERMINAL ACCESS AND USE AGREEMENT (this “Agreement”) is made this 28th day of January, 2008 (the “Effective
Date”), by and among K.C. Asphalt, L.L.C., a Colorado limited liability company (“K.C. Asphalt”), SemMaterials, L.P., an Oklahoma limited partnership (“SemMaterials”), and SemMaterials
Energy Partners, L.L.C., a Delaware limited liability company (“SMEP”). K.C. Asphalt, SemMaterials and SMEP are sometimes herein referred to individually as a “Party” and collectively as the
“Parties.” 
 W I T N E S S E T H:

 WHEREAS, the Parties entered into that certain Contribution Agreement on even date herewith (the “Contribution
Agreement”), pursuant to which the Sellers (as hereinafter defined) contributed and assigned the Terminal Assets (as hereinafter defined) to SMEP; 
 WHEREAS, pursuant to the terms of the Contribution Agreement, Sellers retained ownership of the Retained Processing Assets (as hereinafter defined) and reserved the Retained Land Rights (as hereinafter defined), all
for use in connection with its business of processing, storing, marketing and delivering finished asphalt and residual fuel oil products; and 
 WHEREAS, SMEP and Sellers desire to agree upon and set forth certain rights, obligations, terms, conditions and restrictions associated with and necessary for Sellers to access the Terminals (as hereinafter defined) in order to access, use,
operate, maintain, repair, remove and replace the Sellers’ Retained Processing Assets and Retained Land Rights; 
 NOW THEREFORE, in
consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 1. Definitions. In addition to terms defined elsewhere in this Agreement, where capitalized, the following words and phrases in this
Agreement shall be defined as follows: 
 (a) “Affiliate” means, with respect to any entity, any other
entity that, directly or indirectly, controls, is controlled by or is under common control with, such specified entity through one or more intermediaries or otherwise; provided that, for purposes of this Agreement, SemGroup Energy Partners
G.P., L.L.C., SemGroup Energy Partners, L.P., SemGroup Energy Partners Operating, L.L.C., SMEP and any other subsidiary of SemGroup Energy Partners, L.P. shall not be deemed to be Affiliates of Sellers and Sellers and their parent entities and
affiliates shall not be deemed to be Affiliates of SMEP. For the purposes of this definition, “control” means, where used with respect to any entity, the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of such entity, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have correlative meanings. 
 (b) “Non-Routine M&R Services” has the meaning set forth in Section 4(d). 
  

 (c) “Retained Processing Assets” means those certain processing
tanks, equipment, finished product tanks, truck loading equipment all to the extent used for the processing, storage and delivery of finished asphalt and residual fuel oil products as some of such assets are further described and/or depicted in
Schedule 1.02 of the Contribution Agreement. 
 (d) “Retained Easements” means those certain
Retained Easements entered into by the Parties pursuant to the Contribution Agreement by which Sellers reserved the rights to install, operate, monitor, control, maintain, protect, repair, remove and replace their respective Retained Processing
Assets at each of the Terminals located on SMEP Owned Real Property and other associated rights as set forth in such easements. 
 (e) “Retained Land Rights” shall mean the Retained Easements and/or the Retained Leasehold Interest Rights, individually or collectively as the context requires. 
 (f) “Retained Leasehold Interest Rights” means those certain Retained Leasehold Interest Agreements entered into
by the Parties pursuant to the Contribution Agreement pursuant to which Sellers reserved the rights to install, operate, monitor, control, maintain, protect, repair, remove and replace their respective Retained Processing Assets at each of the
Terminals on SMEP Leased Real Property and other associated rights as set forth in such agreements. 
 (g) “Routine
O&M Services” has the meaning set forth in Section 4(c). 
 (h) “Seller” or
“Sellers” means SemMaterials and/or K.C. Asphalt, individually or collectively as the context requires; provided that any provision of this Agreement that refers to a Seller’s rights, responsibilities or obligations
hereunder with respect to a particular Terminal or Terminals shall refer to each Seller separately with respect to the Terminals at which such Seller has Retained Processing Assets and Retained Land Rights. 
 (i) “SMEP Owned Real Property” that certain land owned in fee by SMEP at which some of the Terminals are located
as more particularly described on Schedule 1(i) attached hereto, subject to the Retained Easements. 
 (j)
“SMEP Leased Real Property” that certain land leased by SMEP at which some of the Terminals are located as more particularly described on Schedule 1(i) attached hereto, subject to the Retained Leasehold Interest
Rights. 
 (k) “Terminal Assets” means all of the property of SMEP at and comprising the Terminals
including the SMEP Owned Real Property, the SMEP Leased Real Property and all of the those certain asphalt and residual fuel oil storage tanks and related equipment, facilities, buildings, loading facilities, controls and other assets located at or
used in connection with the Terminals other than and excluding the Retained Processing Assets and which are subject to the Retained Land Rights, all as more particularly described on Schedule 1(k) attached hereto. 
  

 2 

 (l) “Terminals” means those certain terminals described in
Schedule 1(i) which include the Terminal Assets, the SMEP Owned Real Property or SMEP Leased Real Property, as applicable, the Retained Processing Assets and the Retained Land Rights. 
 2. Reservation and Recognition of Access and Use Rights. In addition to the rights reserved by Sellers pursuant to the Retained Land
Rights, SemMaterials, with respect to the Terminals on which SemMaterials has Retained Processing Assets, and K.C. Asphalt, with respect to the Terminals on which K.C. Asphalt has Retained Processing Assets, hereby reserve and retain the rights to
access and use SMEP’s Terminal Assets, other than the asphalt cement and residual fuel oil storage tanks owned by SMEP to the extent necessary for (a) the operation, monitoring and management of their respective asphalt and residual fuel
oil processing and marketing businesses, (b) use of their respective Retained Processing Assets in accordance with customary industry practice and in a manner consistent with historical practice, such facilities being further described in
Schedule 2 attached hereto (the “Shared Facilities”), and (c) the fulfillment by Sellers of their obligations under Section 10 of this Agreement below. SMEP hereby recognizes and agrees to provide and
accommodate Sellers’ retained rights under this Agreement subject to, and agrees to perform and abide by, the terms and conditions set forth in this Agreement. Sellers expressly do not retain the right to use Terminal Assets which relate solely
to SMEP’s asphalt cement and residual fuel oil terminalling and storage business and operations and which are not needed in connection with Sellers’ processing and marketing business or use of their respective Retained Processing Assets.

 3. Term. This Agreement shall commence on the Effective Date and shall remain in effect separately with respect to each
Terminal for so long as the Retained Land Rights applicable to such Terminal remain in effect (the “Term”). 
 4.
Operation and Maintenance of Terminal and Assets; Sharing of Common Costs. 
 (a) Separate Assets.
Each Party shall maintain and keep their respective assets and facilities at each Terminal in good condition and repair in accordance with applicable law and normal and customary practices in the asphalt industry. Except with respect to the Shared
Facilities which are addressed below or as otherwise provided in this Agreement, such separate maintenance and upkeep shall be at each respective Parties’ sole cost and expense. 
 (b) Shared Facilities and Services. The Parties acknowledge and agree that maintenance, repair, replacement and upkeep of
the Shared Facilities as well as certain operating costs and services which benefit the assets and operations of both Seller and SMEP at each Terminal should be a shared responsibility as both Parties benefit therefrom. Therefore, the Parties agree
that SMEP, as owner of the Terminals, shall be responsible for performing Routine O&M Services (as hereinafter defined) and Non-Routine M&R Services (as hereinafter defined) which pertain to the Shared Facilities and such other mutually
beneficial costs and services. Each Seller shall reimburse SMEP for its share of SMEP’s costs of performing and providing Routine O&M Services and Non-Routine M&R Services at the Terminals as provided in Section 4(g) below and as
set forth in this Agreement. SMEP shall perform or cause to be performed all Routine O&M 

  

 3 

 
Services and Non-Routine M&R Services (i) in accordance with all applicable federal, state or local laws, regulations or rules, (ii) in a
manner that is reasonably consistent with Sellers’ historical practices in terms of quality and cost, (iii) in a good and workmanlike manner, and (iv) in a manner consistent with normal and customary practices in the asphalt industry
in the United States. 
 (c) Routine O&M Services. For purposes of this Agreement, “Routine
O&M Services” means with respect to each Terminal, routine inspections, upkeep and maintenance of Shared Facilities including minor repairs or replacements the cost of which is less than $10,000. 
 (d) Non-Routine M&R Services. For purposes of this Agreement, “Non-Routine M&R Services”
means all maintenance, repair, replacement or removal of the Shared Facilities the costs of which are projected to exceed $10,000 and which is required for SMEP to meet its obligations under Section 4(b) above including, without limitation,
upgrades, additions or betterments required to be made to any Shared Asset by any federal, state or local law, regulation or rule. In the event that SMEP determines that the costs of any Non-Routine M&R Services for any single item or group of
closely related items will exceed $10,000, SMEP shall notify the applicable Seller in writing describing the work to be performed and setting forth reasonably detailed cost information. Within ten (10) days after the applicable Seller’s
receipt of such notice, such Seller may request a meeting at which designated officers or employees of the Seller and SMEP, each of which shall have authority to negotiate and approve such expenditures, shall meet and negotiate in good faith as to
the repairs, replacements, or upgrades to be made and the method and costs by which the same will be accomplished. In the event the Parties cannot agree on such terms within three (3) days after the applicable Seller’s receipt of
SMEP’s notice, either Party may institute the dispute resolution procedures set forth in Section 23 below. In the event Seller determines there is a need for any Non-Routine M&R Services, it may notify SMEP of such determination after
which SMEP will either perform the same subject to the foregoing terms, or respond in writing if it disagrees that such services are needed. In the event of a notice of disagreement as described in the preceding sentence, Seller may request a
meeting subject to the terms described above. 
 (e) Desired Improvements or Upgrades to Shared Facilities or Routine
O&M Services. Either the Seller or SMEP may propose improvements, replacements, additions or upgrades to the Shared Facilities or changes to the Routine O&M Services which are not required to be performed by SMEP pursuant to the
foregoing provisions of this Section, but which are desired by such Party for operational or other business reasons. In the event of any such proposal, the Parties shall cooperate, work together and negotiate in good faith to mutually agree upon
whether such proposal is justified and mutually beneficial, responsibility for the costs thereof, and such other terms as reasonably necessary to accommodate the proposing Parties’ operational and business requirements. 
 (f) Planned Odor Abatement Project. Notwithstanding the foregoing provisions of this Section 4 or any other provision
of this Agreement to the contrary, Sellers shall retain full responsibility for and shall perform, or cause to be performed, at their or their Affiliates sole cost and expense, the odor abatement project described in Schedule 4(f).

  

 4 

 (g) Apportionment and Sharing of Costs. SMEP shall be solely responsible
for and shall pay and discharge when due and payable all costs and expenditures (i) relating to the ownership and operation of Terminal Assets, SMEP Owned Real Property, and SMEP Leased Property located in those Terminals in which neither
SemMaterials nor K.C. Asphalt has any Retained Processing Assets or Retained Land Rights and (ii) that directly relate solely to the ownership or operation of Terminal Assets located in those Terminals in which SemMaterials or K.C. Asphalt has
any Retained Processing Assets or Retained Land Rights. SemMaterials and K.C. Asphalt, as the case may be, shall be solely responsible for and shall pay and discharge when due and payable all costs and expenditures that directly relate solely to the
ownership or operation of the Retained Processing Assets. Those costs and expenditures incurred at Terminals in which SemMaterials or K.C. Asphalt has any Retained Processing Assets or Retained Land Rights and which do not relate solely to the
ownership and operation of the Terminal Assets or solely to the ownership and operation of the Retained Processing Assets shall be equitably apportioned among the parties in such ratios as are mutually agreed to by the parties which accurately
reflect the relative proportion of actual costs which relate solely to asphalt cement storage and terminalling activities, on the one hand, and to finished asphalt and residual fuel oil processing, storage and distribution activities, on the other
hand. At such time as any Party requests, but in no event less frequently than annually, the parties shall (A) undertake an analysis to determine whether the ratios previously agreed to continue to accurately reflect the relative proportion of
actual costs which relate solely to asphalt cement storage and terminalling activities, on the one hand, and to finished asphalt and residual fuel oil processing, storage and distribution activities, on the other hand, and (B) use good faith
efforts to agree to amendments to the ratios previously agreed to so as to cause the apportionment of costs hereunder to accurately reflect the relative proportions of such actual costs which relate to asphalt cement storage and terminalling
activities, on the one hand, and to finished asphalt and residual fuel oil processing, storage and distribution activities, on the other hand. In the event that the Parties are unable to reach agreement as to the cost apportionment ratios under the
foregoing provisions, either Party may institute the dispute resolution procedures set forth in Section 23 below. 
 (h)
Payment and Discharge of Apportioned/Shared Costs; Audit Rights. SMEP shall invoice the appropriate Seller for its respective share of those costs which are apportioned to the Seller under Section 4(g) on a monthly basis with
reasonable supporting documentation for each cost item described in the invoice. The Sellers shall pay such invoices within thirty (30) days after receipt. SMEP shall keep such books and records (which shall be maintained on a consistent basis
and substantially in accordance with generally accepted accounting principles) as shall readily disclose the basis for any charges or costs (except charges fixed in advance by this Agreement or by separate agreement of the Parties) or credits,
ordinary or extraordinary, billed or due to the other Party under this Agreement and shall make them available for examination, audit, and reproduction by the other Party and its agents for a period of one (1) year after such charge or credit
is billed or due. 
  

 5 

 5. Health and Safety. In use of SMEP’s Terminal Assets and the exercise of its rights
hereunder, Sellers shall conduct safe operations and shall comply with all applicable federal, state, and local rules, regulations and orders and SMEP job-site rules and regulations regarding safety, health and fire protection. SMEP shall provide
Sellers with copies of all manuals, pamphlets and brochures and obtain other information regarding SMEP’s safety and emergency policies, procedures and rules. Sellers shall familiarize themselves and their employees, agents, contractors and
invitees with such safety and emergency information and shall be responsible for providing any required training. Sellers shall provide all such appropriate protective equipment and clothing as may be required, and all persons accessing the
Terminals shall wear such required protective equipment and clothing at all times while thereon. Sellers will access and use the Terminals and Terminal Assets in a manner that will not unreasonably interfere with SMEP’s operations at such
Terminals or create an unreasonable safety risk or hazard. No smoking or open flame or matches or lighters shall be permitted on the Terminal property without SMEP’s express prior approval. Sellers shall ensure that the Terminal is at all times
kept free of waste and is left clean and orderly. Equipment placement and material storage shall be at locations satisfactory to SMEP. SMEP shall have no duty to monitor compliance by Sellers or any contractors, employees or other third parties with
any safety rules, regulations or requirements; provided, however, if SMEP becomes aware of any such violation of safety rules, regulations or requirements, SMEP may require Sellers to correct violations immediately, and in the event of aggravated or
repeated violations, SMEP may refuse to allow any person or persons committing such violations to have continuing access to either the Terminal or the Terminal Assets. Sellers shall use commercially reasonable efforts to prevent and minimize
hazardous conditions arising as a result of its use of the Terminals and shall promptly correct any unsafe or hazardous condition at the Terminals caused by Sellers or their employees or agents of which Sellers are aware. SMEP shall promptly correct
any unsafe or hazardous condition at the Terminals caused by SMEP or its employees or agents of which SMEP is aware which could materially interfere with Sellers’ use of the Terminals or Terminal Assets for the purposes described herein.

 6. Security. Sellers and their respective employees, agents, invitees and contractors shall comply with SMEP’s security
requirements applicable to each Terminal and shall obey the applicable directions of SMEP’s security personnel and contractors. SMEP may impose reasonable restrictions and limitations upon access to all or any portion of the Terminal or
Terminal Assets, including restrictions as to time and place of access at any particular time or location to the extent it does not materially interfere with Sellers’ exercise of its rights hereunder or use and operation of its Retained
Processing Assets. All persons shall abide by all such restrictions and limitations. Any person found in violation of any such restrictions and limitations may be removed from the Terminal by SMEP, and SMEP may refuse to allow such person any
further access to the Terminal. Unless otherwise specifically provided in writing, SMEP shall have no duty to provide any security for protection of the persons or property of Sellers or any contractors, employees, agents or invitees. SMEP may issue
passes or visitor identification cards to Sellers’ employees, contractors, or representatives, which must be presented upon request before entry into Terminals and surrendered upon demand or upon any termination or expiration of this Agreement.
Passes or other identification shall be issued only to persons meeting any reasonable security criteria applicable at the relevant Terminal. For so long as Sellers and SMEP have operations at a Terminal, unless otherwise agreed by SMEP and the
Seller or Sellers with operations at that Terminal, SemMaterials shall be responsible for issuing passes or other identification badges. 
  

 6 

 7. Wastes; Hazardous Materials. Each Party shall at all times keep those areas within the
Terminal used by such Party pursuant to this Agreement, the Retained Land Rights or, with respect to SMEP, as owner, free from accumulations of waste material or rubbish resulting from such Party’s use thereof, and each Party shall remove at
their own expense all temporary structures, rubbish and waste materials resulting therefrom. Each Party shall take all commercially reasonable steps to eliminate or minimize the generation of Hazardous Materials in connection with its use of the
Terminals. Each Party shall be responsible for safely and properly handling, removing and disposing of all Hazardous Materials used, stored or generated in conjunction with any use of the Terminals or their respective assets in accordance with all
applicable Hazardous Materials Laws. Upon completion of any work on or about a Terminal, each Party shall leave the work site in a clean and orderly condition, free from trash, rubbish, debris and other wastes. “Hazardous
Materials,” as used herein, shall mean, without limitation, those materials defined or regulated as hazardous substances, extremely hazardous substances, hazardous chemicals, hazardous materials, toxic substances, toxic chemicals, air
pollutants, toxic pollutants, hazardous wastes, extremely hazardous wastes, radioactive materials or restricted hazardous waste by Hazardous Materials Law. The term “Asbestos” as used herein shall mean any asbestos or
material containing asbestos. The term “Hazardous Materials Law” as used herein means any federal, state, or local law (including common law), ordinance or regulation or any court judgment or order of any federal, state or
local agency or regulatory body applicable to the Terminal relating to industrial hygiene or to environmental or unsafe conditions including, but not limited to, those relating to the generation, manufacture, storage, use, handling, transportation,
recycling, disposal, release, emission or discharge of Hazardous Materials and Asbestos, those in connection with the construction, fuel supply, power generation and transmission, waste disposal or any other operations or processes relating to the
Terminal, and those relating to the atmosphere, soil, surface and ground water, wetlands, stream sediments and vegetation on, under, in or about each Terminal. Each Party shall use commercially reasonable efforts to reduce and minimize accidents
arising in connection with use of the Terminal and shall promptly report to the other Party all accidents or occurrences resulting in injuries to Sellers’ employees or third parties and damage to the other Party’s property or third
parties, arising out of such Party’s use of a Terminal. Each of SemMaterials or K.C. Asphalt, as applicable, and SMEP shall provide each other a detailed written incident report and shall furnish such other Party with a copy of non-privileged
reports made by the reporting Party to such Party’s insurers, governmental entities or to others of such accidents or occurrences. Each Party shall promptly report any governmental inspections relative to such Party’s operations conducted
at the Terminal and the results of the inspections. Where advance notice of an inspection is given, each Party shall promptly notify the other Party using the Terminal of the same. Each Party shall inform the other Party of any notices, warnings, or
asserted violations issued by any governmental agencies relative to any activities performed by such Party at the Terminal. 
 8.
Reserved.  
 9. Personnel, Contractor Prohibitions and Restrictions. The possession, use, manufacture,
distribution, transfer of, or being under the influence of any unauthorized, prohibited, illegal or controlled substance, or drug paraphernalia, or possession of any firearm, weapon, explosive or ammunition is prohibited at the Terminals. As used in
this provision, 

  

 7 

 
“substance” refers to alcohol, drug(s), chemical(s), illegal or prescribed, that may be inhaled, injected, absorbed or taken by mouth that may, in
the SMEP’s opinion, impair an individual. Sellers shall not allow and shall take all steps reasonably necessary to prevent the possession of any unauthorized, prohibited, illegal, or controlled substance, illegal weapon or firearm by one of its
employees, agents, contractors or invitees at the Terminal. Any employees, agents, invitees or contractors of Sellers who violate this prohibition are subject to immediate removal from the Terminal and such removal shall not constitute any cause for
claim or damages against SMEP, and SMEP may prevent such persons from returning to the Terminal. Prohibited items and substances may be confiscated and transferred to appropriate law enforcement authorities. SMEP shall enforce the prohibitions and
restrictions described in this paragraph against its own personnel, contractors or visitors, or other users of the Terminals. 
 10.
Regulatory Matters and Compliance. SMEP and Sellers and their respective employees, agents and invitees shall comply with all applicable federal, state, and local laws, rules, regulations and orders in connection with their respective
use of the Terminals. Subject to the Sellers’ obligations and responsibilities set forth below in this Section 10, each Party shall secure and maintain current all required permits, licenses, certificates, and approvals relating to its use
of the Terminals. SMEP shall comply with all applicable federal, state, and local laws, rules, regulations and orders pertaining to the operation of the Terminal to the extent reasonably necessary to enable Sellers to exercise the rights provided
hereunder. Each Seller and SMEP shall reasonably cooperate and coordinate with each other with respect to permits, environmental prevention plans and storm water permitting. The Parties hereby agree that Sellers will have operational responsibility
for regulatory permitting and compliance and will hold the permits, licenses and certificates in its name as operator for this purpose. Sellers’ operational responsibility shall include, but not be limited to, completing all ongoing regulatory
and environmental permits, licenses, certificates or filings required under any regulatory programs pertaining to the Terminals as of the date hereof, at their sole cost and expense. In addition to all other rights granted to Sellers under this
Agreement, Sellers shall have all necessary access to the Terminals and/or records pertaining to the Terminals as necessary to complete such certifications or programs. Any emission credits, allowances or similar rights or benefits attributable to
the facilities of SMEP included in any permits held by Sellers shall be the property of SMEP. SMEP has the right to assume operational responsibility for its facilities upon thirty (30) days’ prior written notice to Sellers, in which case
the Parties will reasonably cooperate to achieve any required transfer, separation, or reissuance of permits. 
 11. Notice of Damage;
Emergency Management. SemMaterials or K.C. Asphalt, as applicable, shall promptly notify SMEP of any matters pertaining to any damage or impending damage to or loss of any of the SMEP’s assets or facilities that are known to such Party.
SMEP shall promptly notify SemMaterials or K.C. Asphalt, as applicable, of any damage or impending damage to or loss of any of such Seller’s assets or facilities, including any unpermitted release or threat of release of Hazardous Materials,
that are known to SMEP. In the event of an emergency occurring at any Terminal, SMEP and the applicable Seller shall diligently cooperate in good faith to appropriately manage the emergency situation in a timely and effective manner. Such
cooperation shall include, but not be limited to, providing of necessary access to all portions of the Terminal and the improvements thereon. 
 12. Seller Access to Terminals. Seller shall have access to the Terminals for the exercise of their rights granted hereunder and under their respective Retained Land Rights 24 

  

 8 

 
hours per day, 365 days per year, subject to the terms and conditions set forth in this Agreement and to reasonable Terminal shutdowns or restrictions to
address emergency or hazardous situations. SMEP may reasonable designate certain areas within the Terminals as private and restrict the Sellers’ access thereto to the extent such areas do not relate to Sellers’ business activities or that
such restrictions are reasonably necessary to protect SMEP’s assets or operations. In the event a Seller needs access to any such restricted areas at a particular Terminal, such Seller shall provide SMEP with advance notice and SMEP shall
provide an escort for such access. 
 13. Expansions or Additions By Sellers. In the event a Seller desires to expand its
operations or install additional facilities at any Terminal(s), it may request SMEP to provide additional rights under this Agreement or the Retained Land Rights. Upon receipt of any such request from a Seller, SMEP shall negotiate in good faith
with the requesting Seller to accommodate such request subject to mutual agreement as to costs, additional rights to be granted and all other applicable terms and conditions necessary to implement the requested expansion or addition; provided that
SMEP’s obligation to negotiate in good faith under this Section (a) shall be subject to availability of additional land or other required rights or facilities at the affected Terminal(s), (b) shall in no event require SMEP to agree to
any expansion or obligation which would interfere with SMEP’s assets or operations at the terminal including reasonable extensions thereof, and (c) shall not require SMEP to incur expenditures other than those which are reimbursed by the
requesting Seller pursuant to Parties’ agreement regarding the expansion or addition or as otherwise agreed by SMEP. 
 14.
Standards of Operation; Prevention of Interference With Other Party’s Operations. Except as otherwise set forth herein, for purposes of this Agreement, the normal and customary standards of performance within the asphalt industry
shall be the measure of whether a Party’s performance is reasonable and timely and each Party shall conduct its business, operations and other activities undertaken at the Terminals pursuant to this Agreement and/or the Retained Land Rights in
accordance with such standards. Neither Sellers nor SMEP shall use equipment, technologies, or methods of operation that adversely interfere or affect the operations or assets of the other Party using the Terminal. Each Party shall take all
reasonable precautions to prevent damage to the Terminals or any of the assets located thereon. 
 15. Abandonment of Terminal.
In the event a Seller ceases operations and abandons its assets at any particular Terminal for a period in excess of ninety (90) days, SMEP may request in writing that Sellers remove the Retained Processing Assets at such Terminal and release
the Retained Land Rights applicable to such Terminal. If the applicable Seller does not resume operations within sixty (60) days after its receipt of such notice or voluntarily abandons its rights at a Terminal either in response to such a
notice or otherwise, then such Seller shall be required to remove its Terminal Processing Assets from the Terminal and release its Retained Land Rights to SMEP by an appropriate instrument in a form recordable in such state and reasonably approved
by such Seller and SMEP. For purposes of the preceding sentence, maintenance and upkeep of the Retained Terminal Assets during a period of time where the applicable Seller intends to resume operations in the future shall not be considered a
cessation of operations or abandonment. Further, the Parties acknowledge that they may, but shall not be required to, negotiate for the sale of the Retained Processing Assets at the Terminal to SMEP instead of the removal of the same by the Seller,
subject to the mutual agreement of the affected Parties as to the terms and conditions of sale. 
  

 9 

 16. No Liens. Each Party shall keep the other Party’s property and assets free of all
liens and claims of third parties that may arise as a result of their use of the Terminals. 
 17. Indemnification. Each Party
(“Indemnifying Party”) hereby releases and shall indemnify, defend, protect, and hold harmless the other Party, its employees, officers, shareholders, directors, agents, contractors, and Affiliates (collectively and
individually, “Indemnified Parties”), from and against, and assumes liability for, any claim, loss, damage, liability, fine, penalty, cost, or expense arising out of, resulting from or in connection with: 
 (a) any injury, death, loss, or damage to any person, tangible property, or facilities of any entity (including reasonable attorneys’
fees and costs at trial and appeal), to the extent arising out of or resulting from the negligent acts or omissions, or willful misconduct, of Indemnifying Party, its officers, directors, employees, servants, Affiliates, agents, contractors, or any
other person or entity for whom it is responsible by law; 
 (b) any breach or default by the Indemnifying Party of any of its
obligations under this Agreement; or 
 (c) any violation by Indemnifying Party of regulations, rules, statutes, or court
orders of any local, state, or federal governmental agency, court, or body in connection with its performance under this Agreement or otherwise. 
 (d) except as otherwise provided in the Purchase and Sale Agreement, dated as of January [    ], 2008, by and between SemMaterials and SemGroup Energy Partners Operating, L.L.C., and the
Amended and Restated Omnibus Agreement to be entered into by SemMaterials, SMEP and the other parties thereto, such Indemnifying Party’s conduct of their respective business and operations at or relating to the Terminals, including the failure
of such Indemnifying Party to make any environmental certification required to be made by it or the inaccuracy or incompleteness of any such certification that is made. 
 Each Party’s obligation to indemnify, defend, protect, and save the Indemnified Parties harmless shall include claims based on the strict liability of the Indemnified Party and is a material obligation to the
continuing performance of the other Party’s obligations hereunder. 
 18. Limitation of Liability. Notwithstanding
any other provision, neither Party nor any of the Indemnified Parties of a Party shall be liable to the other Party for special, punitive, exemplary, consequential, or indirect losses or damages suffered by such other Party as a result of the
performance or nonperformance of its obligations under this Agreement, or its acts or omissions related to this Agreement or its use of the system, whether or not arising from sole, joint or concurrent negligence, strict liability, violation of law,
breach of contract, breach of warranty, or any other source whether or not foreseeable and even if the Parties have been advised of the possibility of such damages. 
 19. Insurance. 
 (a) Obligation to Obtain. During the Term, the Parties (or their agents) shall each obtain and/or maintain not less than the following insurance: 
 (i) Commercial General Liability Insurance with a combined single limit of $1,000,000 for bodily injury and property damage per occurrence
and in the aggregate. 
  

 10 

 (ii) If a Party has employees, Worker’s Compensation Insurance (including
Occupational Disease coverage) in amounts required by applicable law and Employers Liability Insurance (including Occupational Disease coverage) with limits not less than $500,000 each accident. If work is to be performed in North Dakota, Ohio,
Washington, Wyoming, or West Virginia, the Party shall participate in the appropriate state fund(s) to cover all eligible employees and provide a stop gap endorsement. 
 (iii) Automobile Liability Insurance with a combined single limit of $1,000,000 for bodily injury and property damage per occurrence, to
include coverage for all owned, non-owned, and hired vehicles. 
 (iv) Excess (or Umbrella) Liability Insurance with a
combined single limit of $9,000,000 for bodily injury and property damage per occurrence, such insurance providing excess or umbrella liability coverage above primary liability limits set forth in Subsections (i), (ii), and (iii) of this
Section. 
 (v) Insurance on an all risk basis for the replacement value of such Party’s property (including fixtures,
improvements and equipment) located at the Terminals and any other insurance against other perils and in such amounts as the Parties agree from time to time should be reasonably required. With respect to SMEP, the policy described in this Section
shall include coverage for the Shared Facilities. 
 The limits set forth above are minimum coverage amounts and are not intended and shall
not be construed to limit the liability of either Party under this Agreement. Failure of either Party to demand such certificate or other evidence of full compliance with these insurance requirements or failure of either party to identify a
deficiency from evidence that is provided shall not be construed as a waiver of either Party’s obligation to maintain such insurance. 
 (b) Policy Requirements. Each Party shall obtain and maintain the insurance policies required above with companies rated A- or better by Best’s Key Rating Guide or with a similar rating by another
generally recognized rating agency, or with companies such as, but not limited to, Lloyd’s of London or Institute of London Companies with recognized standing deemed acceptable to the Parties. Each Party shall provide the other Party with an
insurance certificate confirming compliance with the insurance requirements of this Article. The insurance certificate shall indicate that the other Party shall be notified not less than ten (10) calendar days prior to any cancellation in
coverage. If either Party provides any of the foregoing coverages through a claims-made policy basis, that Party shall endeavor to maintain, for at least three years beyond the expiration of this Agreement, a tail policy. 
  

 11 

 (c) Waiver of Claims; Waiver of Subrogation. Each Party hereto hereby waives any
and all claims for recovery which such Party or anyone claiming through such Party may have against the other Party hereto (or such other Party’s officers, agents or employees) for or with respect to any loss of or damage to such waiving
Party’s property which is (i) insured under valid insurance policies, to the extent of any recovery actually collectible under such insurance policies, or (ii) required by this Agreement to be insured, to the extent any recovery would
be collectible if such insurance policies were obtained and maintained as required by this Agreement, whether or not such loss or damage is caused by the negligence of such other Party or such other Party’s agents, employees or contractors or
of any other person or persons for whose actions such other Party may be responsible or liable. SMEP and Sellers each agree to obtain from the insurance companies providing its insurance applicable hereto permission to allow SMEP and Sellers to
waive their respective insurance companies’ rights of subrogation. SMEP and Sellers shall each provide to the other written proof of the waiver of said claims by said insurance companies. 
 (d) Blanket Policies. Nothing in this Agreement shall be construed to prevent either Party from satisfying its insurance
obligations pursuant to this Agreement under a blanket policy or policies of insurance that meet or exceed the requirements of this Article. To the extent permitted by law, both Parties retain the right to self-insure the above requirements.

 (e) Diligent Pursuit of Claims. In the event coverage is denied or reimbursement of a properly presented
claim is disputed by the carrier for insurance required by this section, the Party carrying such coverage shall make commercially reasonable efforts to pursue such claim with its carrier. 
 20. Eminent Domain. Should any portion of a Terminal be acquired by eminent domain or condemnation by any authority or entity possessing
such power, the interests of SMEP and the applicable Seller in the affected portion of the Terminal real property shall be severed, and (a) SemMaterials or K.C. Asphalt, as the case may be, shall be entitled to that portion of any awards
resulting from the proceeding or otherwise provided for which is attributable to the Retained Land Rights and (b) SMEP shall be entitled to that portion of any awards resulting from the proceeding or otherwise provided for which is attributable
to the SMEP Owned Real Property or the SMEP Leased Property (excluding the portion of any such award which is attributable to the Retained Land Rights). In addition, (i) SemMaterials or K.C. Asphalt, as the case may be, shall be entitled to
that portion of any eminent domain or condemnation awards which are attributable to the Retained Processing Assets, (ii) SMEP shall be entitled to that portion of any eminent domain or condemnation awards which are attributable to the Terminal
Assets, and (iii) each of the parties may claim damages payable on account of relocation expenses relating thereto, to the extent permitted under applicable law. 
 21. Casualty. Upon an event of casualty pursuant to which a Terminal or any portion thereof is damaged or destroyed, (a) SMEP shall be solely responsible for the repair or replacement of the
Terminal Assets, the SMEP Owned Real Property and the SMEP Leased Real Property and (b) SemMaterials or K.C. Asphalt, as the case may be, shall be solely responsible for the repair or replacement of the Retained Processing Assets and the
Retained Land Rights. Without limiting the foregoing, SMEP acknowledges that it shall be responsible to repair or 

  

 12 

 
replace the Shared Facilities to substantially the same condition as the same were in prior to the date of casualty consistent with its obligation to insure
the Shared Facilities pursuant to Section 19 above. All such repairs to the Shared Facilities shall be made by SMEP in a reasonably prompt manner to allow resumption of operations at the Terminal as soon as possible. Any insurance proceeds or
damages received in connection with any casualty to (i) the Terminal Assets, SMEP Owned Real Property or the SMEP Leased Property (excluding the portion of any such insurance proceeds or damages which is attributable to the Retained Land
Rights) shall belong to and be the property of SMEP and (ii) the Retained Processing Assets or the Retained Land Rights shall belong to and be the property of SemMaterials or K.C. Asphalt, as the case may be. 
 22. Default. A Party shall not be in default under this Agreement unless and until the non-defaulting Party provides it written notice of
such default and the defaulting Party fails to cure the same within thirty (30) calendar days after receipt of such notice (or, with respect to monetary defaults, within ten (10) business days after receipt of such notice); provided,
however, that where a non-monetary default cannot reasonably be cured within such thirty (30) day period, if the defaulting Party proceeds promptly to cure the default with due diligence, the time for curing such default shall be extended for
such period of time as may be reasonably necessary to complete such curing. Any event of default may be waived at the non-defaulting Party’s option. Upon the failure of a Party to timely cure any such default after notice thereof from the other
Party and expiration of the above cure periods, then the non-defaulting Party may pursue any legal remedies it may have under applicable law or principles of equity relating to such default. Either Party may seek equitable remedies prior to
expiration of the above cure period to prevent irreparable harm. 
 23. Dispute Resolution. 
 (a) Direct Negotiation. The Parties encourage the prompt and equitable settlement of all controversies or claims (a
“Dispute”) between the Parties arising out of this Agreement or courses of dealing related to this Agreement, including any claim based on or arising from an alleged tort. At any time, any Party can give the other Party written notice that
it desires to settle a Dispute. Within fifteen (15) days of delivery of such notice, the Parties shall cause vice presidents of the Parties having authority to resolve such Dispute to meet to resolve the Dispute. If the Parties are unable to
settle the Dispute within thirty (30) days after the delivery of notice of the Dispute from one Party to the other (the “Negotiation Period”), the Parties shall submit the dispute to mediation in accordance with Subsection 23(b).

 (b) Mediation. If the Dispute is not resolved by direct negotiation by the end of the Negotiation Period, the
Parties shall submit the Dispute to a mediator to work with them to resolve their differences. Such mediator will be selected by mutual agreement of SMEP and the applicable Seller and will be conducted pursuant to the rules generally used by the
mediator in the mediator’s practice, except as otherwise agreed upon by the Parties. 
 (i) Costs of
Mediation. The Parties will bear their respective costs incurred in connection with the mediation, except that SMEP on the one hand and the applicable Seller on the other will share equally the fees and expenses of the mediator, the costs of
obtaining the facility for the mediation, and the fees and expenses of any experts employed at the mediator’s request. 
  

 13 

 (ii) Termination of Mediation. The mediation will be terminated upon the
first to occur of the following: 
 (A) if the Parties are unable to agree on a mediator, within thirty (30) days from
the last day of the Negotiation Period; 
 (B) by the execution of a settlement agreement resolving the dispute by the
Parties; 
 (C) by a written declaration of the mediator to the effect that further efforts at mediation are no longer
worthwhile; or 
 (D) after the completion of two (2) full days of mediation sessions, by written declaration of a Party
or Parties to the effect that mediation proceedings are terminated. 
 (c) Arbitration. 
 (i) If the Dispute is unresolved by the end of the Negotiation Period and the Parties have not agreed to mediate or if such mediation is
unsuccessful, a binding arbitration will be held in Tulsa, Oklahoma, upon notice by either Party (the “Arbitration Notice”). SMEP and Sellers agree that the Commercial Arbitration Rules of the American Arbitration Association (the
“AAA”) will apply unless otherwise agreed to by the Parties, and the arbitration will be conducted on a confidential basis strictly in accordance with the terms of this Agreement and the governing laws of the State of Oklahoma.

 (ii) The arbitration shall be conducted before a panel of three independent and impartial arbitrators. Each Party will be
entitled to select one arbitrator within twenty (20) days of the date of the Arbitration Notice. If a Party fails to select an arbitrator within such 20-day period, the AAA shall appoint an arbitrator for such Party. The two individuals so
selected will then select the third arbitrator within twenty (20) days. If the two individuals selected fail to select a third arbitrator within such 20-day period, the AAA shall appoint a third arbitrator. The panel of arbitrators will be
selected no later than forty-five (45) days after the date of the Arbitration Notice. Each member of the arbitration panel, if possible, must be experienced in legal and operational matters related to interstate common carrier pipelines.

 (iii) The arbitrators’ decision will be considered as a final and binding resolution of the Dispute and will not be
subject to appeal. The obligation to resolve disputes exclusively by arbitration does not apply to, or limit the right of a Party to seek relief from a court of competent jurisdiction for, preliminary injunctions, temporary restraining orders,
specific performance, or other interim relief to preserve the status quo or prevent irreparable injury pending the 

  

 14 

 
completion of the arbitration. Otherwise, neither Party will sue the other except for enforcement of the arbitrator’s decision if the other Party is not
performing in accordance with the arbitrator’s decision. 
 (iv) The Parties shall bear equally the fees and expenses of
the arbitration. Each Party will bear the costs of its own counsel, witnesses (if any) and employees. 
 24. Force Majeure. No
Party shall be in default under this Agreement with respect to any delay in its performance caused by any of the following conditions (each a “Force Majeure Event”): (a) act of God; (b) fire; (c) flood;
(d) material shortage or unavailability not resulting from the responsible Party’s failure to timely place orders or take other necessary actions therefor; (e) war or civil disorder; or (f) any other cause beyond the reasonable
control of such Party. The Party claiming relief under this Article shall promptly notify the other in writing of the existence of the Force Majeure Event relied on, the expected duration of the Force Majeure Event, and the cessation or termination
of the Force Majeure Event. The Party claiming relief under this Article shall exercise commercially reasonable efforts to minimize the time for any such delay. 
 25. Notice. Unless otherwise provided in this Agreement, all notices and communications concerning this Agreement shall be in writing and addressed to the other Party as follows: 
  

			
	 If to SMEP:
	 	SemMaterials Energy Partners, L.L.C.
		 	Attn: President
		 	6120 South Yale, Suite 500
		 	Tulsa, OK 74136
		 	Facsimile No. (918) 524-5805
		
	 With a copy to:
	 	Baker Botts L.L.P.
		 	Attn: Doug Rayburn
		 	2001 Ross Avenue
		 	Suite 600
		 	Dallas, Texas 75201
		 	Facsimile No.: (214) 661-4634
		
	 If to SemMaterials:
	 	SemMaterials, L.P.
		 	Attn: President
		 	6502 South Yale Avenue
		 	Tulsa, OK 74136
		 	Facsimile No. (918) 524-8920
		
	 With a copy to:
	 	Hall, Estill
		 	Attn: Michael D. Cooke, Esq.
		 	320 South Boston Ave., Suite 400
		 	Tulsa, OK 74103-3708
		 	Facsimile No.: (918) 594-0505

  

 15 

			
	 If to K.C. Asphalt:
	 	K.C. Asphalt, L.L.C.
		 	Attn: President
		 	6502 South Yale Avenue
		 	Tulsa, OK 74136
		 	Facsimile No. (918) 524-8920
		
	 With a copy to:
	 	Hall, Estill
		 	Attn: Michael D. Cooke, Esq.
		 	320 South Boston Ave., Suite 400
		 	Tulsa, OK 74103-3708
		 	Facsimile No.: (918) 594-0505

 or at such other address as may be designated in writing to the other Party. 
 Unless otherwise provided herein, notices and invoices shall be hand delivered, sent by registered or certified U.S. Mail, postage prepaid, or by
commercial overnight delivery service, or transmitted by facsimile, and shall be deemed served or delivered to the addressee or its office when received at the address for notice specified above when hand delivered, upon confirmation of sending when
sent by facsimile, on the day after being sent when sent by overnight delivery service, or three United States Postal Service business days after deposit in the mail when sent by U.S. mail. 
 26. Representations and Warranties. In addition to any other representations and warranties contained in this Agreement, each Party hereto
represents and warrants to the other that: 
 (a) it has the full right and authority to enter into, execute, deliver, and
perform its obligations under this Agreement; 
 (b) it has taken all requisite corporate action to approve the execution,
delivery, and performance of this Agreement; 
 (c) this Agreement constitutes a legal, valid, and binding obligation
enforceable against such Party in accordance with its terms; and 
 (d) its execution of and performance under this Agreement
shall not violate any applicable existing regulations, rules, statutes, or court orders of any local, state, or federal government agency, court, or body. 
 27. Rules of Construction. 
 (a) Except as otherwise set forth herein, for the
purpose of this Agreement the normal standards of performance within the asphalt storage and manufacturing industry in the relevant market shall be the measure of whether a Party’s performance is reasonable and timely. 
 (b) Except as the context otherwise indicates, all references to Exhibits, Sections, and Subsections refer to provisions of this
Agreement. The words hereof, herein, hereunder or similar words refer to this Agreement as a whole and not to any particular provision, paragraph or Section. 
  

 16 

 (c) The failure of either SMEP or Sellers to enforce any of the provisions of this
Agreement, or the waiver thereof in any instance, shall not be construed as a general waiver or relinquishment on its part of any such provision, but the same shall nevertheless be and remain in full force and effect. 
 (d) This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Oklahoma without reference to
its choice of law principles. The laws of such state shall govern all disputes referred to arbitration and the statute of limitations and the remedies for any wrongs that may be found. 
 (e) If any term, covenant or condition in this Agreement shall, to any extent, be invalid or unenforceable in any respect under the laws
governing this Agreement, the remainder of this Agreement shall not be affected thereby, and each term, covenant or condition of this Agreement shall be valid and enforceable to the fullest extent permitted by law and, if appropriate, such invalid
or unenforceable provision shall be modified or replaced to give effect to the underlying intent of the Parties hereto and to the intended economic benefits of the Parties. 
 28. Assignment; Right of First Refusal. No Party may assign this Agreement except in conjunction with the transfer of ownership or control
of its Retained Processing Assets and Retained Land Rights in the case of either Seller, or of the Terminal Assets in the case of SMEP, at a Terminal or Terminals and then, only with the prior written consent of the other Party which has assets at
the affected Terminal(s), which shall not be unreasonably withheld; provided that each Seller shall have the right to mortgage their interest in this Agreement; and provided further that any proposed assignment will be subject to SMEP’s right
of first refusal the terms of which are set forth in that certain Amended and Restated Omnibus Agreement between the Parties to be entered into by SemMaterials, SMEP and the other parties thereto. This Agreement and the rights and obligations under
this Agreement shall be binding upon and shall inure to the benefit of SMEP and Sellers and their respective permitted successors and assigns. The terms and provisions of this Agreement shall constitute covenants running with the land with respect
to the SMEP Owned Real Property and shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. 
 29. Entire Agreement; Amendment. This Agreement, the Contribution Agreement by and among each of the Sellers and SMEP, the Purchase and Sale Agreement by and between SemMaterials and SemGroup Energy
Partners Operating, L.L.C., the Amended and Restated Omnibus Agreement by and among SemMaterials, SMEP and the other parties thereto, the Terminalling and Storage Agreement by and between SemMaterials and SMEP, and the Retained Land Rights
instruments or agreements constitutes the entire and final agreement and understanding between SMEP and Sellers with respect to the subject matter hereof and supersedes all prior agreements relating to the subject matter hereof, which are of no
further force or effect. The Exhibits or Schedules referred to are integral parts and are made a part of this Agreement by reference. This Agreement may only be amended, modified, or supplemented by an instrument in writing executed by duly
authorized representatives of SMEP and Sellers. 
  

 17 

 IN WITNESS WHEREOF, duly authorized representatives of Sellers and SMEP have executed this Agreement as
of the date first written above. 
  

			
	 K.C. Asphalt, L.L.C.

		
	 By:
	 	 SemMaterials, L.P.,
 its manager

		
	 By:
	 	 SemOperating G.P., L.L.C.,
 its general
partner

	
	 /s/ Frank R. Panzer

	 Frank R. Panzer

	 President of SemMaterials

	
	 SemMaterials, L.P.

		
	 By:
	 	 SemOperating G.P., L.L.C.,
 its general
partner

	
	 /s/ Frank R. Panzer

	 Frank R. Panzer

	 President of SemMaterials

	
	 SemMaterials Energy Partners, L.L.C.

	
	 /s/ Kevin L. Foxx

	 Kevin L. Foxx

	 President and Chief Executive Officer

  

 18 

 SCHEDULE 1(i) 
 DESCRIPTION OF TERMINALS, SMEP OWNED REAL PROPERTY AND SMEP 
 LEASED REAL PROPERTY

  

							
	 TERMINAL
	  	 Street Address
	  	 Land Owned or Leased
	  	 Seller With Retained
 Processing Assets at
 such Terminal

	 Ardmore, OK
	  	2500 Refinery Road	  	L	  	SemMaterials
	 Austin, TX
	  	8803 North Mopac Expressway	  	O	  	SemMaterials
	 Bay City, MI
	  	309 Woodside Avenue	  	O	  	SemMaterials
	 Billings, MT
	  	7315 Mossmain Lane	  	O	  	SemMaterials
	 Boise, ID
	  	4303 Gekeler Lane	  	O	  	SemMaterials
	 Catoosa, OK (Emulsion plt)
	  	5850 Arkansas Road	  	L	  	SemMaterials
	 Catoosa, OK (Port 33)
	  	100 N. 321st E. Avenue	  		  	SemMaterials
	 Port of Catoosa
	  	5645 E. Channel Road	  		  	SemMaterials
	 Chicago, IL Marine Oil
	  	4950 W. 41st Street	  	L	  	SemMaterials
	 Columbus, OH
	  	3737 Fisher Road	  	O	  	SemMaterials
	 Denver C, CO
	  	4310 E. 60th Avenue	  	O	  	K.C. Asphalt
	 Denver K, CO
	  	4308 E. 60th Avenue	  	L	  	K.C. Asphalt
	 Dodge City,KS
	  	2600 Butter & Egg Road	  	O	  	SemMaterials
	 El Dorado, KS
	  	800 E. 10th Street	  	L	  	SemMaterials
	 Ennis, TX
	  	203 Cedar Road	  	O	  	SemMaterials
	 Fontana, CA
	  	14929 Slover Avenue	  	O	  	SemMaterials
	 Garden City Plant PMAC/CB
	  	14 Foundation Drive	  	O	  	SemMaterials
	 Gloucester City, NJ
	  	King Street & Jersey Avenue	  	O	  	SemMaterials
	 Grand Island, NE
	  	4112 Academy Road	  	L	  	SemMaterials
	 Grand Jct, CO
	  	202 Fourth Avenue	  	O	  	K.C. Asphalt
	 Halstead, KS
	  	300 Industrial Road	  	O	  	SemMaterials
	 Las Vegas, NV
	  	3901 W. Ponderosa Way	  	O,L	  	K.C. Asphalt

 Schedule 1(i), Page 1 

							
	 Lawton, OK
	  	9301 SW Koch Street	  	O	  	SemMaterials
	 Little Rock, AR
	  	601 Shamburger Lane	  	O	  	SemMaterials
	 Lubbock, TX
	  	1611 Marshall Street	  	O,L	  	SemMaterials
	 Memphis Emulsion, TN
	  	1430 Channel Avenue	  	O,L	  	SemMaterials
	 Memphis TN
	  	1285 Channel Avenue	  	O	  	SemMaterials
	 Morehead City, NC
	  	105 Arendale Street	  	L	  	SemMaterials
	 Muskogee, OK
	  	2501 Port Place	  	L	  	SemMaterials
	 New Madrid, MO
	  	#297 Hwy 61 South	  	O	  	SemMaterials
	 Newport News, VA
	  	801 Terminal Avenue	  	O	  	SemMaterials
	 Northumberland, PA
	  	4th & Duke	  	O	  	SemMaterials
	 Parsons, TN
	  	5445 Hwy 412 East	  	L	  	SemMaterials
	 Pasco, WA
	  	3152 Selph Landing	  	L	  	SemMaterials
	 Pekin, IL
	  	201 S. Levee Road	  	O	  	SemMaterials
	 Pueblo, CO
	  	510 West D Street	  	O	  	K.C. Asphalt
	 Reading, PA
	  	3847 Pottsville Pike	  	O	  	SemMaterials
	 Saginaw, TX
	  	600 Minton Road	  	O,L	  	SemMaterials
	 Salina, KS
	  	1100 W. Grand Avenue	  	O	  	SemMaterials
	 Salt Lake City, UT
	  	95 West, 1100 North	  	O	  	K.C. Asphalt
	 Sedalia, MO
	  	1414 West Morgan Street	  	O	  	SemMaterials
	 Spokane, WA (Hillyard)
	  	4327 North Thor Street	  	L	  	SemMaterials
	 Spokane, WA (Valley)
	  	E 16710 Euclid Avenue	  	O	  	SemMaterials
	 St. Louis, MO
	  	201 East Nagel Avenue	  	O	  	SemMaterials
	 Warsaw, IN
	  	2820 E. Durbin Street	  	O	  	SemMaterials
	 Woods Cross, UT
	  	991 W. 1500	  	O	  	K.C. Asphalt

 Schedule 1(i), Page 2 

 SCHEDULE 1(k) 
 DESCRIPTION OF SMEP’S TERMINAL ASSETS 
 Land and Land Improvements 
 Buildings 
 Furniture and Fixtures 
 Machinery and Equipment 
 Storage Tanks – AC and Residual Fuels

 Piping, Electrical, Boilers and related 
 ADDITIONAL SPECIFIC
ASSET DESCRIPTIONS ATTACHED. 
 Schedule 1(k), Page 1 

 SCHEDULE 2 
 DESCRIPTION OF GRANTED ACCESS AND USE RIGHTS 
 SemMaterials or K.C. Asphalt, as the case may be, shall have
the rights to access and use heating equipment, including boilers, carrier and return lines, all requisite lines, pumps, motors and related control and electrical equipment, loading facilities and equipment, lab and office buildings and equipment
all as necessary for the conduct by SemMaterials and K.C. Asphalt of their respective businesses of processing, storing and delivering finished asphalt and residual fuel oil products. 
 Schedule 2, Page 1 

 SCHEDULE 4(f) 
 DESCRIPTION OF PLANNED ODOR ABATEMENT PROJECT 
 Installation of various forms and types of odor abatement
systems at the following facilities: 
 Las Vegas, NV 
 North Salt
Lake City, UT 
 Woods Cross, UT 
 Pueblo, CO 
 St. Louis, MO 
 Muskogee, OK 
 Grand Island, NE 
 Schedule 4(f), Page 1

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