Document:

Contribution, Conveyance and Assumption Agreement

 Exhibit 10.4 
 CONTRIBUTION, CONVEYANCE AND ASSUMPTION 
 AGREEMENT 

By and Among 
 DELEK LOGISTICS PARTNERS, LP, 
 DELEK LOGISTICS GP, LLC, 

DELEK LOGISTICS OPERATING, LLC, 
 DELEK CRUDE LOGISTICS, LLC, 
 DELEK US HOLDINGS, INC., 

DELEK MARKETING & SUPPLY, LLC, 
 DELEK MARKETING & SUPPLY, LP, 
 LION OIL COMPANY 

AND 

DELEK LOGISTICS SERVICES COMPANY 
 Dated as of November 7, 2012 

 CONTRIBUTION, CONVEYANCE AND ASSUMPTION 

AGREEMENT 

This Contribution, Conveyance and Assumption Agreement, dated as of November 7, 2012 (this “Agreement”), is by and
among Delek Logistics Partners, LP, a Delaware limited partnership (the “Partnership”), Delek Logistics GP, LLC, a Delaware limited liability company (the “General Partner”), Delek Logistics Operating, LLC, a
Delaware limited liability company (“OLLC”), Delek Crude Logistics, LLC, a Texas limited liability company (“Crude Logistics”), Delek US Holdings, Inc., a Delaware corporation (“Delek US”), Delek
Marketing & Supply, LLC, a Delaware limited liability company (“Marketing LLC”), Delek Marketing & Supply, LP, a Delaware limited partnership (“Marketing LP”), Lion Oil Company, an Arkansas
corporation (“Lion Oil”), and Delek Logistics Services Company, a Delaware corporation (“Services Company”). The above-named entities are sometimes referred to in this Agreement each as a “Party”
and collectively as the “Parties.” Capitalized terms used herein shall have the meanings assigned to such terms in Article I. 
 RECITALS 
 WHEREAS, the General Partner and Delek US have
formed the Partnership, pursuant to the Delaware Revised Uniform Limited Partnership Act (the “Delaware LP Act”), for the purpose of engaging in any business activity that is approved by the General Partner and that lawfully may be
conducted by a limited partnership organized pursuant to the Delaware LP Act. 
 WHEREAS, in order to accomplish the
objectives and purposes in the preceding recital, each of the following actions has been taken prior to the date hereof: 
  

	 	1.	Delek US formed the General Partner under the terms of the Delaware Limited Liability Company Act (the “Delaware LLC Act”) and contributed $1,000 for
all of the membership interests in the General Partner. 

  

	 	2.	The General Partner and Delek US formed the Partnership under the terms of the Delaware LP Act and contributed $20 and $980, respectively, in exchange for a 2.0%
general partner interest and a 98.0% limited partner interest, respectively, in the Partnership. 

  

	 	3.	The Partnership formed OLLC under the terms of the Delaware LLC Act and contributed $1,000 for all of the membership interests in OLLC. 

 

	 	4.	Delek US formed Services Company under the terms of the Delaware General Corporation Law. 

 

	 	5.	MPC Land merged into Delek Land. 

  

	 	6.	MPC Pipeline merged into Delek Pipeline. 

  

	 	7.	Each of Delek Pipeline and Delek Land merged into Crude Logistics. 

  
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	 	8.	El Dorado Pipeline Company, an Arkansas corporation, converted into a Delaware limited liability company (“El Dorado LLC”). 

 

	 	9.	Magnolia Pipeline Company, an Arkansas corporation, converted into a Delaware limited liability company (“Magnolia LLC”). 

 

	 	10.	Lion Oil Trading & Transportation, Inc., an Arkansas corporation, converted into a Texas limited liability company (“LOTT LLC”).

  

	 	11.	LOTT LLC effected a divisive merger in accordance with the provisions of the Texas Business Organizations Code pursuant to which (i) SALA Gathering Systems, LLC, a
Texas limited liability company (“SALA Gathering LLC”), was formed and (ii) and the assets and liabilities of LOTT LLC were allocated between SALA Gathering LLC and LOTT LLC. 

 

	 	12.	Marketing LLC converted from a Delaware corporation into a Delaware limited liability company. 

 

	 	13.	Delek US contributed its 100% membership interest in Paline Pipeline Company, LLC, a Texas limited liability company (“Paline LLC”), to the General
Partner. 

 WHEREAS, concurrently with the consummation of the transactions contemplated hereby, each of
the following transactions will occur at the times specified hereunder: 
  

	 	1.	Crude Logistics and Marketing LP will distribute their respective accounts receivable (“Accounts Receivable”) to Marketing LLC.

  

	 	2.	The General Partner will contribute its 100% membership interest in Paline LLC to the Partnership in exchange for (A) 489,766 general partner units representing a
continuation of its 2.0% general partner interest in the Partnership (the “General Partner Units”), (B) all of the Incentive Distribution Rights of the Partnership and (C) the right to receive the General Partner
Distribution. 

  

	 	3.	Lion Oil will contribute the Memphis Terminal and the Nashville Terminal and 100% of its interests in each of SALA Gathering LLC, El Dorado LLC and Magnolia LLC to the
Partnership in exchange for (A) 11,999,258 Subordinated Units representing an aggregate 49% limited partner interest in the Partnership and (B) 612,207 Common Units representing an aggregate 2.5% limited partner interest in the
Partnership. 

  

	 	4.	Marketing LLC will contribute 100% of its interest in each of Marketing LP and Delek Marketing GP, LLC, a Delaware limited liability company (“Marketing
GP”), to the Partnership in exchange for (A) 2,187,051 Common Units representing an aggregate 8.93% limited partner interest in the Partnership; (B) the right to receive the Borrowed Funds Distribution; (C) the right to
receive the Marketing Distribution and (D) the right to receive the Deferred Issuance and Distribution. The Partnership will receive its 100% interest in each of Marketing LP and Marketing GP subject to (i) the working capital accounts
payable of Marketing LP and Marketing GP of $22.3 million (the “Working Capital Borrowings”) and (ii) indebtedness of $63 million under the Existing Credit Agreement (the “Existing Credit Agreement Debt”).

  
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	 	5.	The Partnership will issue 9,200,000 Common Units, including 1,200,000 Common Units to be issued pursuant to the Over-Allotment Option, representing an aggregate 37.57%
limited partner interest in the Partnership to the public in exchange for the contribution by the public, through the Underwriters, to the Partnership of gross proceeds of $193,200,000. 

 

	 	6.	The Partnership will contribute the Memphis Terminal and the Nashville Terminal and 100% interests in each of SALA Gathering LLC, El Dorado LLC, Magnolia LLC, Paline
LLC, Marketing LP and Marketing GP to OLLC. 

  

	 	7.	The Partnership will borrow the Borrowed Funds under the Credit Agreement, and Marketing LLC will guarantee such borrowings. 

 

	 	8.	The Partnership will distribute the Borrowed Funds to Marketing LLC (the “Borrowed Funds Distribution”), and Marketing LLC will loan the Borrowed Funds
and a portion of the proceeds from (i) the Marketing Distribution and (ii) the distribution set forth in Section 3.2 to Delek US and pledge the Note to the lenders under the Credit Agreement as security for its guarantee of such debt
and agree to pledge any payment with respect to or proceeds from the sale of the Note in a cash collateralized account to secure its guarantee. 

  

	 	9.	The Partnership will use the proceeds from the Offering to (A) pay transaction expenses, estimated to be approximately $3.5 million (excluding the underwriting
discounts and the Structuring Fee); (B) pay the underwriting discounts; (C) pay the Structuring Fee to Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc.; (D) distribute $50 million to the General
Partner (the “General Partner Distribution”) and $3.1 to Marketing LLC (the “Marketing Distribution”); (E) retire the Existing Credit Agreement Debt; and (E) replace certain of the working capital
distributed to Marketing LLC in the form of the Accounts Receivable. 

  

	 	10.	Delek US will contribute to Services Company, its 100% membership interest in the General Partner. 

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

  
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 ARTICLE I 
 DEFINITIONS 
 The terms set forth below in this Article I shall have the
meanings ascribed to them below or in the part of this Agreement referred to below: 
 “Accounts Receivable”
has the meaning assigned to such term in the recitals. 
 “Agreement” has the meaning assigned to such term in
the preamble. 
 “Big Sandy” means Delek Marketing-Big Sandy, LLC, a Texas limited liability company.

 “Borrowed Funds” has the meaning set forth in Section 2.8. 

“Borrowed Funds Distribution” has the meaning set forth in the recitals. 

“Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time. Any reference herein to a
specific section or sections of the Code shall be deemed to include a reference to any corresponding provision of any successor law. 
 “Commission” means the U.S. Securities and Exchange Commission. 

“Common Units” has the meaning assigned to such term in the Partnership Agreement. 

“Credit Agreement” means the revolving credit agreement among the Partnership, OLLC, Marketing GP, Marketing LP, Crude
Logistics, Big Sandy, Magnolia LLC, El Dorado LLC, SALA Gathering LLC, and Paline LLC, as co-borrowers, Fifth Third Bank, as administrative agent, and the lenders party thereto, substantially in the form filed as an exhibit to the Registration
Statement. 
 “Crude Logistics” has the meaning assigned to such term in the preamble. 

“Deferred Issuance and Distribution” has the meaning assigned to such term in the Partnership Agreement. 

“Delaware LLC Act” has the meaning assigned to such term in the recitals. 

“Delaware LP Act” has the meaning assigned to such term in the recitals. 

“Delek Land” means Delek Land Texas, Inc., a Texas corporation. 

“Delek Pipeline” means Delek Pipeline Texas, Inc., a Texas corporation. 

“Delek US” has the meaning assigned to such term in the preamble. 

“Effective Time” means immediately prior to the closing of the Offering pursuant to the Underwriting Agreement.

 “El Dorado LLC” has the meaning assigned to such term in the recitals. 

“Existing Credit Agreement” means the Amended and Restated Credit Agreement dated December 19, 2007 by and between
Marketing LP and various financial institutions from time to time party to the agreement, as lenders, and Fifth Third Bank, as administrative agent and L/C issuer, as amended. 

  
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 “Existing Credit Agreement Debt” has the meaning assigned to such term in
the recitals. 
 “General Partner” has the meaning assigned to such term in the preamble. 

“General Partner Distribution” has the meaning assigned to such term in the recitals. 

“General Partner Units” has the meaning assigned to such term in the recitals. 

“Incentive Distribution Rights” has the meaning assigned to such term in the Partnership Agreement. 

“Lion Oil” has the meaning assigned to such term in the preamble. 

“LOTT LLC” has the meaning assigned to such term in the recitals. 

“Magnolia LLC” has the meaning assigned to such term in the recitals. 

“Marketing Distribution” has the meaning assigned to such term in the recitals. 

“Marketing GP” has the meaning assigned to such term in the recitals. 

“Marketing LLC” has the meaning assigned to such term in the preamble. 

“Marketing LP” has the meaning assigned to such term in the recitals. 

“Memphis Terminal” means the light products terminal located in Memphis, Tennessee, currently owned by Lion Oil and used
to support Lion Oil’s El Dorado, Arkansas refinery. 
 “MPC Land” means MPC Land Acquisition, Inc., a
Texas corporation. 
 “MPC Pipeline” means MPC Pipeline Acquisition, Inc., a Texas corporation. 

“Nashville Terminal” means the light products terminal located in Nashville, Tennessee, currently owned by Lion Oil and
used to provide terminalling services to independent third parties and Delek US’s retail segment. 

“Note” has the meaning assigned to such term in Section 2.9. 

“Offering” means the initial public offering of the Partnership’s Common Units. 

“OLLC” has the meaning assigned to such term in the preamble. 

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

“Over-Allotment Option” has the meaning assigned to such term in the Partnership Agreement. 

“Paline LLC” has the meaning assigned to such term in the recitals. 

  
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 “Partnership Agreement” means the First Amended and Restated Agreement of
Limited Partnership of Delek Logistics Partners, LP dated as of November 7, 2012. 
 “Partnership” has the
meaning assigned to such term in the preamble. 
 “Party” and “Parties” has the meaning
assigned to such term in the preamble. 
 “Registration Statement” means the Registration Statement on Form S-1
filed with the Commission (Registration No. 333-182631), as amended and effective at the Effective Time. 
 “SALA
Gathering LLC” has the meaning assigned to such term in the recitals. 
 “Services Company” has the
meaning assigned to such term in the recitals. 
 “Structuring Fee” means a fee equal to 0.50% of the gross
proceeds of the sale of Common Units pursuant to the Underwriting Agreement, including pursuant to the exercise of the Over-Allotment Option. 
 “Subordinated Units” has the meaning assigned to such term in the Partnership Agreement. 
 “Treasury Regulation” means the United States Treasury regulations promulgated under the Code. 
 “Underwriters” means those underwriters listed in the Underwriting Agreement. 
 “Underwriting Agreement” means that certain Underwriting Agreement between Merrill Lynch and Barclays Capital Inc., as representatives of the Underwriters, the General Partner, the
Partnership, Delek US, Lion Oil and Marketing LLC dated as of November 1, 2012. 
 “Working Capital
Borrowings” has the meaning assigned to such term in the recitals. 
 ARTICLE II 

CONTRIBUTION, ACKNOWLEDGEMENTS AND DISTRIBUTIONS 
 The following shall be completed immediately following the Effective Time in the order set forth herein: 
 Section 2.1 Conveyance by Crude Logistics of its Accounts Receivable to Marketing LLC. Crude Logistics hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and
delivers to Marketing LLC, its successors and its assigns, for its and their own use forever, all right, title and interest in and to its Accounts Receivable, and Marketing LLC hereby accepts such Accounts Receivable. 

Section 2.2 Conveyance by Marketing LP of its Accounts Receivable to Marketing LLC. Marketing LP hereby grants, contributes,
bargains, conveys, assigns, transfers, sets over and delivers to Marketing LLC, its successors and its assigns, for its and their own use forever, all right, title and interest in and to its Accounts Receivable, and Marketing LLC hereby accepts such
Accounts Receivable. 

  
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 Section 2.3 Payment and Contribution of Cash by the Public Through the Underwriters.
The Parties acknowledge that the Partnership is undertaking the Offering and the public, through the Underwriters will, pursuant to the Underwriting Agreement, agree to make a capital contribution to the Partnership of approximately $168 million in
cash ($156.2 million net to the Partnership after the underwriting discount of $10.9 million and the Structuring Fee payable to Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc.) in exchange for the issuance and
sale of 8,000,000 Common Units, representing an aggregate 32.67% limited partner interest in the Partnership. 
 Section 2.4
Contribution by the General Partner of its 100% Membership Interest in Paline LLC to the Partnership. The General Partner hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership, its
successors and its assigns, for its and their own use forever, all right, title and interest in and to its 100% membership interest in Paline LLC in exchange for (A) the General Partner Units, (B) the Incentive Distribution Rights and
(C) the right to receive the General Partner Distribution, and the Partnership hereby accepts the 100% membership interest in Paline LLC. 
 Section 2.5 Contribution by Lion Oil of the Memphis Terminal and the Nashville Terminals and 100% membership interests in SALA Gathering LLC, El Dorado LLC and Magnolia LLC to the Partnership. Lion
Oil hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Memphis Terminal and
Nashville Terminal and its 100% membership interest in each of SALA Gathering LLC, El Dorado LLC and Magnolia LLC, in exchange for (A) 11,999,258 Subordinated Units representing an aggregate 49% limited partner interest in the Partnership and
(B) 612,207 Common Units representing an aggregate 2.5% limited partner interest in the Partnership, and the Partnership hereby accepts the Memphis Terminal and the Nashville Terminal and 100% membership interests in each of SALA Gathering LLC,
El Dorado LLC and Magnolia LLC. 
 Section 2.6 Contribution by Marketing LLC of 100% of its interests in Marketing LP and
Marketing GP to the Partnership. Marketing LLC hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership, its successors and its assigns, for its and their own use forever, all right, title and
interest in and to 100% of its interest in each of Marketing LP and Marketing GP, in exchange for (A) 2,187,051 Common Units representing an aggregate 8.93% limited partner interest in the Partnership, (B) the right to receive the
Marketing Distribution, (C) the right to receive the Borrowed Funds Distribution and (D) the right to receive the Deferred Issuance and Distribution, and the Partnership hereby accepts a 100% interest in each of Marketing LP and Marketing
GP. The Partnership acknowledges that its 100% interest in each of Marketing LP and Marketing LP shall be subject to the Working Capital Borrowings and the Existing Credit Agreement Debt. 

  
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 Section 2.7 Contribution by the Partnership of the Memphis Terminal and Nashville
Terminal and 100% interests in each of SALA Gathering LLC, El Dorado LLC, Magnolia LLC, Paline LLC, Marketing LP and Marketing GP to OLLC. The Partnership hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers
to OLLC, its successors and its assigns, for its and their own use forever, the Memphis Terminal and Nashville Terminal and 100% interests in each of SALA Gathering LLC, El Dorado LLC, Magnolia LLC, Paline LLC, Marketing LP and Marketing GP, and
OLLC hereby accepts the Memphis Terminal and Nashville Terminal and 100% interests in each of SALA Gathering LLC, El Dorado LLC, Magnolia LLC, Paline LLC, Marketing LP and Marketing GP. The Parties agree that the Partnership may direct Lion Oil, in
a separate written instruction, to convey the Memphis and Nashville Terminals directly to OLLC to save duplicate recording fees, escrow costs and other like charges. 
 Section 2.8 Incurrence of Indebtedness and Guarantee by Marketing LLC. The Parties acknowledge that (a) the Partnership (i) is incurring $90 million in indebtedness pursuant to its
Credit Agreement (the “Borrowed Funds”) and (ii) Marketing LLC is guaranteeing the Borrowed Funds and certain other obligations of the Partnership under the Credit Agreement and pledging the Note as security for the guarantee.

 Section 2.9 Uses of Borrowed Funds. The Partnership is distributing the Borrowed Funds to Marketing LLC.
Marketing LLC is loaning the Borrowed Funds and a portion of the proceeds from the distribution set forth in Section 3.2 and the Marketing Distribution to Delek US and Delek US is delivering to Marketing LLC a note evidencing the obligation
(the “Note”). Marketing LLC is pledging the Note to the lenders under the Credit Agreement as security for its guarantee of the Borrowed Funds with an agreement to pledge any payments with respect to or proceeds from the sale of the
Note in a cash collateralized account to secure such guarantee. 
 Section 2.10 Use of Equity Proceeds. The Parties
acknowledge (a) the payment by the Partnership of transaction expenses in the amount of approximately $3,500,000 (excluding the underwriting discounts and the Structuring Fee); (b) the distribution to the General Partner of the General
Partner Distribution and to Marketing LLC of the Marketing Distribution; (c) the retirement of the Existing Credit Agreement Debt; and (d) the replacement of certain of the working capital distributed to Marketing LLC in the form of the
Accounts Receivable. 
 Section 2.11 Payment of the Structuring Fee. The Partnership agrees to pay Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Barclays Capital Inc. the applicable Structuring Fee. 
 Section 2.12 Redemption of
the General Partner’s and Delek US’s Initial Interests. For and in consideration of the payment by the Partnership of $20 to the General Partner and $980 to Delek US as a refund of their respective initial contribution to the
Partnership, along with 2.0% and 98.0%, respectively, of any interest or profit that resulted from the investment or other use of such capital contribution, the Partnership hereby redeems all of the initial interests of the General Partner and Delek
US. 
 ARTICLE III 
 ADDITIONAL TRANSACTIONS 
 Section 3.1 Contribution of General Partner to
Services Company. Effective immediately after the transactions described in Article II, Delek US hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to Services Company, its successors and its assigns, for
its and their own use forever, all right, title and interest in and to its 100% membership interest in the General Partner, and Services Company hereby accepts a 100% membership interest in the General Partner. 

  
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 Section 3.2 Purchase of Additional Common Units. On November 2, 2012, the
Over-Allotment Option was exercised in full. The Underwriters will contribute additional cash to the Partnership in exchange for an additional 1,200,000 Common Units on the basis of the initial public offering price per Common Unit set forth in the
Registration Statement less the amount of underwriting discounts and applicable Structuring Fee, and the Partnership shall make a cash distribution to Marketing LLC equal to the amount contributed by the Underwriters to the Partnership on each such
Option Closing Date. 
 Section 3.3 Issuance of Additional Common Units. Since the Over-Allotment Option has been
exercised in full, the Partnership will not issue any additional Common Units to Marketing LLC, in connection with the Over-Allotment Option. 
 ARTICLE IV 
 FURTHER ASSURANCES 

From time to time after the Effective Time, and without any further consideration, the Parties agree to execute, acknowledge and deliver
all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other documents, and to do all such other acts and things, all in accordance with applicable law, as may be necessary or appropriate
(i) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so granted, (ii) more fully and
effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the interests contributed and assigned by this Agreement or intended to be so and (iii) more fully and effectively to carry
out the purposes and intent of this Agreement. 
 ARTICLE V 

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

Section 6.1 Debt Covenant. 
 The Parties intend that (i) the distribution of the Borrowed Funds to Marketing LLC shall qualify as a “debt-financed transfer” under Treasury Regulations Section 1.707-5(b), and
(ii) Marketing LLC’s share of the Partnership’s liabilities under the Credit Agreement with respect to the Borrowed Funds under Sections 1.752-2 and 1.707-5(a)(2)(i) of the Treasury Regulations

  
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shall be the entire amount of the Partnership’s liabilities under the Credit Agreement with respect to the Borrowed Funds. For purposes of this Section 6.1, Treasury Regulation
Section 1.707-3(c) shall be applied by substituting the phrase “three-year” for the phrase “two-year” in each place the latter phrase appears therein. The Parties agree to act at all times in a manner consistent with the
foregoing provisions of this Section 6.1, except with the prior written consent of Marketing LLC. For a period of three (3) years, the Partnership will not make any payment that would reduce the outstanding balance of the
Partnership’s liabilities under the Credit Agreement below the amount of the Borrowed Funds, other than with the proceeds of a successor debt that (i) qualifies as, and is treated by the Partnership as, a continuation of the debt repaid
under Section 1.707-5(c) of the Treasury Regulations, and (ii) is treated as allocable entirely to Marketing LLC under the principles of the debt-financed transfer exception to the disguised sale rules provided in Section 1.707-5(b)
of the Treasury Regulations. 
 Section 6.2 Net Worth of Marketing LLC. 

Marketing LLC covenants and agrees that it will, for a period of three years, maintain a net value (as determined pursuant to the
principles of Treasury Regulation Section 1.752-2(k)(2)) that is not less than the principal amount of the Partnership’s outstanding indebtedness immediately after the Effective Time that constitute recourse liabilities of Marketing LLC
(within the meaning of Treasury Regulation Section 1.752-2), which amount will be reduced by principal payments by the Partnership on such indebtedness and which amount will not be increased by any new borrowings by the Partnership. 

ARTICLE VII 

MISCELLANEOUS 
 Section 7.1 Order of Completion of Transactions. The transactions provided for in Article II of this Agreement shall be completed immediately following the Effective Time in the order set forth
therein. Following the completion of the transactions provided for in Article II, the transactions provided for in Article III, if they occur, shall be completed. 
 Section 7.2 Headings; References; Interpretation. All Article and Section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or
construction of any of the provisions hereof. The words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole, including, without
limitation, all Schedules and Exhibits attached hereto, and not to any particular provision of this Agreement. All references herein to Articles, Sections, Schedules and Exhibits shall, unless the context requires a different construction, be deemed
to be references to the Articles and Sections of this Agreement and the Schedules and Exhibits attached hereto, and all such Schedules and Exhibits attached hereto are hereby incorporated herein and made a part hereof for all purposes. All personal
pronouns used in this Agreement, whether used in the masculine, feminine or neuter gender, shall include all other genders, and the singular shall include the plural and vice versa. The use herein of the word “including” following any
general statement, term or matter shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as
“without limitation”, “but not limited to”, or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible
scope of such general statement, term or matter. 

  
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 Section 7.3 Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of the Parties and their respective successors and assigns. 
 Section 7.4 No Third Party Rights. The
provisions of this Agreement are intended to bind the Parties as to each other and are not intended to and do not create rights in any other person or confer upon any other person any benefits, rights or remedies, and no person is or is intended to
be a third party beneficiary of any of the provisions of this Agreement. 
 Section 7.5 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. 

Section 7.6 Choice of Law. This Agreement shall be subject to and governed by the laws of the State of Texas. Each Party hereby
submits to the jurisdiction of the federal courts in the State of Texas and to venue in the state and federal courts in Harris County, Texas. 
 Section 7.7 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction to contravene, or to be invalid under, the laws of any political body having
jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it did not contain the particular provisions or provisions held to be invalid
and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this Agreement at the time of execution of this Agreement. 

Section 7.8 Amendment or Modification. This Agreement may be amended or modified from time to time only by the written agreement
of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement. 
 Section 7.9 Integration. This Agreement and the instruments referenced herein supersede all previous understandings or agreements among the Parties, whether oral or written, with respect to the
subject matter of this Agreement and such instruments. This Agreement and such instruments contain the entire understanding of the Parties with respect to the subject matter hereof and thereof. No understanding, representation, promise or agreement,
whether oral or written, is intended to be or shall be included in or form part of this Agreement unless it is contained in a written amendment hereto executed by the parties hereto after the date of this Agreement. 

Section 7.10 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable law, this Agreement shall also
constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein. 

[Signature Pages Follow] 

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

							
	DELEK LOGISTICS PARTNERS, LP
		
	By:	 	Delek Logistics GP, LLC,
		 	its general partner

  

							
		 	By:	 	/s/ Andrew L. Schwarcz
		 		 	Name:	 	Andrew L. Schwarcz
		 		 	Title:	 	Executive Vice President and General Counsel

  

							
	DELEK LOGISTICS GP, LLC
		
	By:	 	/s/ Andrew L. Schwarcz
		 	Name:	 	Andrew L. Schwarcz
		 	Title:	 	Executive Vice President and General Counsel

  

							
	DELEK LOGISTICS OPERATING, LLC
		
	By:	 	/s/ Andrew L. Schwarcz
		 	Name:	 	Andrew L. Schwarcz
		 	Title:	 	 Executive Vice President and
 General Counsel

  

							
	DELEK CRUDE LOGISTICS, LLC
		
	By:	 	/s/ Mark Cox
		 	Name:	 	Mark Cox
		 	Title:	 	 Executive Vice President and Chief
 Financial Officer

  

							
	DELEK US HOLDINGS, INC.
		
	By:	 	/s/ Kent B. Thomas
		 	Name:	 	Kent B. Thomas
		 	Title:	 	Executive Vice President and General Counsel

 Signature Page to Contribution, Conveyance and Assumption Agreement 

					
	LION OIL COMPANY
			
		 	 By:
	 	/s/ Mark Cox
		 		 	Name: Mark Cox
		 		 	 Title:   Executive Vice President and Chief
             Financial Officer

	
	DELEK MARKETING & SUPPLY LLC
		
	 By:
	 	 /s/ Mark Cox

		 	 Name: Mark Cox

		 	 Title:   Executive Vice President and Chief

            Financial Officer

	
	DELEK MARKETING & SUPPLY, LP
		
	 By:
	 	Delek Marketing GP, LLC
		 	its general partner
			
		 	 By:
	 	/s/ Mark Cox
		 		 	Name: Mark Cox
		 		 	 Title:   Executive Vice President and Chief
             Financial Officer

	
	DELEK LOGISTICS SERVICES COMPANY
		
	 By:
	 	/s/ Mark Cox
		 	Name: Mark Cox
		 	 Title:   Executive Vice President and Chief
             Financial Officer

 Signature Page to Contribution, Conveyance and Assumption AgreementDelek Logistics GP, LLC 2012 Long-Term Incentive Plan

 Exhibit 10.5 
 DELEK LOGISTICS GP, LLC 
 2012 LONG-TERM INCENTIVE PLAN 

 

	1.	Purpose of the Plan. 

 The
Delek Logistics GP, LLC Long-Term Incentive Plan (the “Plan”) has been adopted by Delek Logistics GP, LLC, a Delaware limited liability company (the “Company”), the general partner of Delek Logistics Partners, LP, a
Delaware limited partnership (the “Partnership”), and is intended to promote the interests of the Partnership and the Company and their Affiliates (as defined below) by providing to employees, consultants, and directors of the
Company and its Affiliates who perform services for or on behalf of the Partnership and its subsidiaries incentive compensation awards for superior performance that are based on Units (as defined below). The Plan is also contemplated to enhance the
ability of the Company and its Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership and its subsidiaries and to encourage them to devote their best efforts to advancing
the business of the Partnership and its subsidiaries. 
  

	2.	Definitions. 

 As used in
the Plan, the following terms shall have the meanings set forth below: 
 “Affiliate” means, with respect to any
Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or
indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Award” means a Unit, Restricted Unit, Phantom Unit, Option, Unit Appreciation Right or DER granted under the Plan. 

“Award Agreement” means the written agreement or other instrument by which an Award shall be evidenced. 

“Board” means the Board of Directors of the Company. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Conflicts Committee of the Board or, if none, the Board or such committee of the Board, if any, as
may be appointed by the Board to administer the Plan. 
 “Consultant” means an individual, other than an
Employee or a Director, providing bona fide services to the Partnership or any of its subsidiaries as a consultant or advisor, as applicable, provided that such individual is a natural person. 

  
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 “DER” or “Distribution Equivalent Right” means a right to
receive an amount in cash or additional Awards equal to the cash distributions made by the Partnership with respect to a Unit during a specified period. 
 “Director” means a member of the Board who is not an Employee. 

“Employee” means any employee of the Company or an Affiliate who performs services for the Partnership or its
Affiliates. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Transaction” means a merger (other than a merger of the Partnership in which the holders of Units immediately
prior to the merger have the same proportionate ownership of Units in the surviving entity immediately after the merger), consolidation, acquisition or disposition of property or stock, separation, reorganization (other than a mere reincorporation
or the creation of a holding company), liquidation of the Partnership or any other similar transaction or event so designated by the Board in its sole discretion, as a result of which the unitholders of the Partnership receive cash, stock or other
property in exchange for or in connection with their Units. 
 Anything in this definition to the contrary notwithstanding, with
respect to any Award intended to be compliant with Section 409A of the Code, no Exchange Transaction shall be deemed to have occurred unless such event constitutes an event specified in Section 409A(a)(2)(A)(v) of the Code and the Treasury
Regulations promulgated thereunder. 
 “Fair Market Value” of a Unit means the closing sales price of a Unit on
the principal national securities exchange or other market in which trading in Units occurs on the applicable date (or if there is no trading in the Units on such date, on the next preceding date on which there was trading) as reported in The Wall
Street Journal (or other reporting service approved by the Committee). In the event Units are not traded on a national securities exchange or other market at the time a determination of fair market value is required to be made hereunder, the
determination of fair market value shall be made in good faith by the Committee and in compliance with Section 409A of the Code. Notwithstanding the foregoing, with respect to an Award granted on the effective date of the initial public
offering of Units, Fair Market Value on such date shall mean the initial offering price per Unit as stated on the cover page of the prospectus which is part of the registration statement on Form S-1 for such offering. 

“Option” means an option to purchase Units granted under the Plan. 

“Participant” means any Employee, Consultant or Director granted an Award under the Plan. 

“Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust,
unincorporated organization, association, government agency or political subdivision thereof or other entity. 

  
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 “Phantom Unit” means a phantom (notional) Unit granted under the Plan which
entitles the Participant to receive, in the discretion of the Committee, a Unit or an amount of cash equal to the Fair Market Value of a Unit. 
 “Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains nontransferable and subject to forfeiture or is either not
exercisable by or payable to the Participant, as the case may be. 
 “Restricted Unit” means a Unit granted
under the Plan that is subject to a Restricted Period. 
 “SEC” means the United States Securities and Exchange
Commission, or any successor thereto. 
 “UAR” or “Unit Appreciation Right” means an Award
that, upon exercise, entitles the holder to receive, in cash or Units in the discretion of the Committee, the excess of the Fair Market Value of a Unit on the exercise date over the exercise price established for such Unit Appreciation Right.

 “Unit” means a common unit of the Partnership. 

 

	3.	Administration. 

 (a)
General. The Plan shall be administered by the Committee. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full
power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Units to be covered by Awards; (iv) determine the terms and conditions
of any Award (including but not limited to performance requirements for such Award); (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited; (vi) interpret and
administer the Plan and any instrument or agreement relating to an Award made under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and (viii) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. The Committee may, in its discretion, provide for the extension of
the exercisability of an Award, accelerate the vesting or exercisability of an Award, eliminate or make less restrictive any restrictions applicable to an Award, waive any restriction or other provision of this Plan or an Award or otherwise amend or
modify an Award in any manner that is either (i) not adverse to the Participant to whom such Award was granted or (ii) consented to by such Participant. Unless otherwise expressly provided in the Plan, all designations, determinations,
interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company,
the Partnership, any Affiliate, any Participant, and any beneficiary of any Award. No member of the Committee or officer of the Company to whom the Committee has delegated authority in accordance with the provisions of Section 3(b) of this Plan
shall be liable for anything done or omitted to be done by him or her, by any member of the Committee or by any officer of the Company in connection with the performance of any duties under this Plan, except for his or her own willful misconduct or
as expressly provided by statute. 

  
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 (b) Delegation. The Board or the Committee may authorize a committee of one or more
members of the Board to grant individual Awards pursuant to such conditions or limitations as the Board or the Committee may establish. The Committee may also delegate to the Chief Executive Officer and to other employees of the Company (i) the
authority to grant individual Awards to Consultants and to Employees who are not subject to Section 16(b) of the Exchange Act and (ii) other administrative duties under this Plan pursuant to such conditions or limitations as the Committee
may establish. The Committee may engage or authorize the engagement of a third party administrator to carry out administrative functions under the Plan. 
  

	4.	Units. 

 (a) Limits on
Units Deliverable. Subject to adjustment as provided in Section 4(c), the maximum number of Units that may be delivered or reserved for delivery or underlying Awards in the aggregate issued under the Plan is 612,207. If any Award expires,
is canceled, exercised, paid or otherwise terminates without the delivery of Units, then the Units covered by such Award, to the extent of such expiration, cancellation, exercise, payment or termination, shall again be Units with respect to which
Awards may be granted. Units that are delivered by a Participant in satisfaction of the exercise or other purchase price of an Award or the tax withholding obligations associated with an Award or are withheld to satisfy the Company’s tax
withholding obligations are available for delivery pursuant to other Awards. The Committee may from time to time adopt and observe such rules and procedures concerning the counting of Units against the Plan maximum or any sublimit as it may deem
appropriate, including rules more restrictive than those set forth above to the extent necessary to satisfy the requirements of any national stock exchange on which the Units are listed or any applicable regulatory requirement. The Board and the
appropriate officers of the Company are authorized to take from time to time whatever actions are necessary, and to file any required documents with governmental authorities, stock exchanges and transaction reporting systems to ensure that Units are
available for issuance pursuant to Awards. 
 (b) Sources of Units Deliverable Under Awards. Any Units delivered pursuant
to an Award shall consist, in whole or in part, of Units acquired in the open market, common units already owned by the Company, common units acquired by the Company directly from the Partnership or any other person or any combination of the
foregoing. 
 (c) Adjustments. In the event that any distribution (whether in the form of cash, Units, other securities,
or other property), recapitalization, split, reverse split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Partnership, issuance of warrants or other rights to
purchase Units or other securities of the Partnership, or other similar transaction or event affects the Units, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Units (or other
securities or property) with respect to which Awards may be granted, (ii) the number and type of Units (or other securities or property) subject to outstanding Awards, and (iii) the grant or exercise price with respect to any Award or,
make provision for a cash payment to the holder of an outstanding Award; provided, that the number of Units subject to any Award shall always be a whole number. No adjustment pursuant to this Section 4(c) shall be made in a manner that results
in noncompliance with the requirements of Section 409A of the Code, to the extent applicable. 

  
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	5.	Eligibility. 

 Any
Employee, Consultant or Director shall be eligible to be designated a Participant and receive an Award under the Plan. 
  

	6.	Awards. 

 Awards may, in
the discretion of the Committee, be granted either alone or in addition to, in tandem with or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any Affiliate. Awards granted in
addition to or in tandem with other Awards or awards granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 

(a) Units. The Committee shall have the discretion to determine the Employees, Consultants and Directors to whom Units shall be
granted and the number of Units to be granted. All Units granted shall be fully vested upon grant and shall not be subject to forfeiture. 
 (b) Restricted Units. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Restricted Units shall be granted, the number of Restricted Units to be
granted to each such Participant, the Restricted Period, the conditions under which the Restricted Units may become vested or forfeited, and such other terms and conditions as the Committee may establish with respect to such Awards. To the extent
provided by the Committee, in its discretion, a grant of Restricted Units may provide that distributions made by the Partnership with respect to the Restricted Units shall be subject to the same forfeiture and other restrictions as the Restricted
Unit and, if restricted, such distributions shall be held, without interest, until the Restricted Unit vests or is forfeited with the accumulated distributions being paid or forfeited at the same time, as the case may be. Absent such a restriction
on the distributions in the Award Agreement, distributions during the Restricted Period shall be paid to the holder of the Restricted Unit without restriction. 
 (c) Phantom Units. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Phantom Units shall be granted, the number of Phantom Units to be granted to
each such Participant, the Restricted Period, the time or conditions under which the Phantom Units may become vested or forfeited, which may include, without limitation, the accelerated vesting upon the achievement of specified performance goals,
and such other terms and conditions as the Committee may establish with respect to such Awards, including whether DERs are granted with respect to such Phantom Units. 
 (d) Options. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Options shall be granted, the number of Units to be covered by each Option, whether
DERs are granted with respect to such Option, the purchase price therefor and the conditions and limitations applicable to the exercise of the Option as the Committee shall determine, that are not inconsistent with the provisions of the Plan. The
term of 

  
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an Option may not exceed 10 years. The purchase price per Unit purchasable under an Option shall be determined by the Committee at the time the Option is granted, provided such purchase price may
not be less than 100% of its Fair Market Value as of the date of grant. The Committee shall determine the time or times at which an Option may be exercised in whole or in part, which may include, without limitation, accelerated vesting upon the
achievement of specified performance goals, and the method or methods by which payment of the exercise price with respect thereto may be made or deemed to have been made, which may include, without limitation, cash, check acceptable to the Company,
a broker-assisted cashless exercise through procedures approved by the Committee, delivery of previously owned Units having a Fair Market Value on the exercise date equal to the relevant exercise, or any combination thereof. 

(e) Unit Appreciation Rights. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom
Unit Appreciation Rights shall be granted, the number of Units to be covered by each grant and the conditions and limitations applicable to the exercise of the Unit Appreciation Right as the Committee shall determine, that are not inconsistent with
the provisions of the Plan. The exercise price per Unit Appreciation Right shall be not less than 100% of its Fair Market Value as of the date of grant. The term of a Unit Appreciation Right may not exceed 10 years. 

(f) Distribution Equivalent Rights. The Committee shall have the authority to determine the Employees, Consultants and Directors
to whom DERs are granted, whether such DERs are tandem or separate Awards, whether the DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee) the vesting
restrictions and payment provisions applicable to the Award, and such other provisions or restrictions as determined by the Committee in its discretion all of which shall be specified in the Award Agreements. 

 

	7.	Limits on Transfer of Awards. 

 Each Award shall be exercisable or payable only to the Participant during the Participant’s lifetime, or to the person to whom the Participant’s rights shall pass by will or the laws of descent
and distribution. No Award and no right under any such Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant and any such purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate. Notwithstanding the foregoing, to the extent specifically provided by the Committee with respect to an Award, an Award may be transferred by a Participant
without consideration to immediate family members or related family trusts, limited partnerships or similar entities or on such terms and conditions as the Committee may from time to time establish. 

 

	8.	Securities Restrictions. 

(a) All certificates for Units or other securities of the Partnership delivered under the Plan pursuant to any Award or the exercise
thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Units or other
securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

  
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 (b) Notwithstanding anything in the Plan or any Award Agreement to the contrary, delivery of
Units pursuant to the exercise or vesting of an Award may be deferred for any period during which, in the good faith determination of the Committee, the Company is not reasonably able to obtain Units to deliver pursuant to such Award without
violating the rules or regulations of any applicable law or securities exchange. No Units or other securities shall be delivered pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable
Award Agreement (including, without limitation, any exercise price or tax withholding) is received by the Company. 
  

	9.	Exchange Transaction. 

 In
the event of an Exchange Transaction, all holders of Options and UARs shall be permitted to exercise their outstanding Options and UARs in whole or in part (whether or not otherwise exercisable) immediately prior to such Exchange Transaction, and
any outstanding Options and UARs which are not exercised before the Exchange Transaction shall thereupon terminate. Notwithstanding the preceding sentence, if, as part of an Exchange Transaction, the unitholders of the Partnership receive equity of
another entity (“Exchange Equity”) in exchange for their Units (whether or not such Exchange Equity is the sole consideration), and if the Board, in its sole discretion, so directs, then all outstanding Options and UARs shall be converted
into options to purchase units of, or unit appreciation rights with respect to, Exchange Equity. The amount and price of converted options and unit appreciation rights shall be determined by adjusting the amount and price of the Options and UARs
granted hereunder on the same basis as the determination of the number of units of Exchange Equity the holders of Units shall receive in the Exchange Transaction and, unless the Board determines otherwise, the vesting conditions with respect to the
converted options and unit appreciation rights shall be substantially the same as the vesting conditions set forth in the original Option or UAR agreement, as applicable. Any such adjustment shall be made in a manner that does not cause the Option
or UAR to become subject to Section 409A of the Code. The Board, acting in its discretion, may accelerate the vesting of Restricted Units and Phantom Units and/or make such other adjustments to the terms of any such outstanding Awards, and/or
provide for the conversion of such Awards into comparable awards relating to Exchange Equity, all as it deems appropriate in its sole discretion in the context of an Exchange Transaction. Notwithstanding the foregoing, the provisions of this
Section 9 shall not apply with respect to any Award intended to be compliant with Section 409A of the Code, and the treatment of such Awards in the event of an Exchange Transaction shall be as described in the applicable Award Agreement.

  

	10.	Amendment and Termination. 

Except as required by applicable law or the rules of the principal securities exchange on which the Units are traded, the Board may amend,
alter, suspend, discontinue, or terminate the Plan in any manner, including increasing the number of Units available for Awards under the Plan, without the consent of any Participant, any other holder or beneficiary of an Award or any other Person.

  
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	11.	General Provisions. 

 (a)
No Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Participants. The terms and conditions of Awards need not be the same with respect to each
recipient. 
 (b) Tax Withholding. The Company or any Affiliate is authorized to withhold from any Award, from any
payment due or transfer made under any Award or from any compensation or other amount owing to a Participant the amount (in cash, Units, other securities, or other property) of any applicable taxes payable at the minimum statutory rate in respect of
the grant of an Award, its exercise, the lapse of restrictions thereon, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding
obligations for the payment of such taxes. 
 (c) No Right to Employment or Services. The grant of an Award shall not be
construed as giving a Participant the right to be retained as an Employee, Consultant or Director, as applicable. Further, the Company or an Affiliate may at any time dismiss a Participant from employment or service at any time. 

(d) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be
determined in accordance with the laws of the State of Delaware without regard to its conflict of laws principles. 
 (e)
Severability. If any provision of the Plan or any award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the
Plan or the Award, such provision shall be stricken as to such jurisdiction, person or award and the remainder of the Plan and any such Award shall remain in full force and effect. 

(f) Other Laws. The Committee may refuse to issue or transfer any Units or other consideration under an Award if, in its sole
discretion, it determines that the issuance or transfer of such Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Units are then traded, or entitle the
Partnership or an Affiliate to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly
refunded to the relevant Participant, holder or beneficiary. 
 (g) No Trust or Fund Created. Neither the Plan nor any
Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Partnership, Company or any participating Affiliate and a Participant or any other Person. To the extent that any Person
acquires a right to receive payments from the Partnership, Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the Partnership, Company or any participating Affiliate.

  
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 (h) No Fractional Units. No fractional Units shall be issued or delivered pursuant to
the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto shall be canceled,
terminated, or otherwise eliminated. 
 (i) Facility of Payment. Any amounts payable hereunder to any person under legal
disability or who, in the judgment of the Committee, is unable to properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of such person in any manner which the Committee may
select, and the Partnership, Company and its Affiliates shall be relieved of any further liability for payment of such amounts. 

(j) Participation by Affiliates. In making Awards to Employees employed by an Affiliate of the Company, the Committee shall be
acting on behalf of the Affiliate, and to the extent the Partnership has an obligation to reimburse the Affiliate for compensation paid to Employees for services rendered for the benefit of the Partnership, such payments or reimbursement payments
may be made by the Partnership directly to the Affiliate, and, if made to the Company, shall be received by the Company as agent for the Affiliate. 
 (k) Gender and Number. Words in the masculine gender shall include the feminine gender, the plural shall include the singular and the singular shall include the plural. 

(l) No Guarantee of Tax Consequences. None of the Board, the Partnership, the Company, any Affiliate nor the Committee makes any
commitment or guarantee that any federal, state or local tax treatment will apply or be available to any person participating or eligible to participate hereunder. 
  

	12.	Section 409A of the Code. 

 (a) Awards made under this Plan are intended to comply with or be exempt from Section 409A of the Code, and ambiguous provisions hereof, if any, shall be construed and interpreted in a manner
consistent with such intent. No payment, benefit or consideration shall be substituted for an Award if such action would result in the imposition of taxes under Section 409A of the Code. Notwithstanding anything in this Plan to the contrary, if
any Plan provision or Award under this Plan would result in the imposition of an additional tax under Section 409A of the Code, that Plan provision or Award shall be reformed, to the extent permissible under Section 409A of the Code, to
avoid imposition of the additional tax, and no such action shall be deemed to adversely affect the Participant’s rights to an Award. 
 (b) Unless the Committee provides otherwise in an Award Agreement, each DER, Restricted Unit or Phantom Unit (or portion thereof if the Award is subject to a vesting schedule) shall be settled no later
than the 15th day of the third month after the end of the first calendar year in which the Award (or such portion thereof) is no longer subject to a “substantial risk of forfeiture” within the meaning of Section 409A of the Code. If
the Committee determines that a DER, Restricted Unit or Phantom Unit is intended to be subject to Section 409A of the Code, the applicable Award Agreement shall include terms that are designed to satisfy the requirements of Section 409A of
the Code. 

  
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 (c) If the Participant is identified by the Company as a “specified employee”
within the meaning of Section 409A(a)(2)(B)(i) of the Code on the date on which the Participant has a “separation from service” (other than due to death) within the meaning of Treasury Regulation § 1.409A-1(h), any Award payable
or settled on account of a separation from service that is deferred compensation subject to Section 409A of the Code shall be paid or settled on the earliest of (1) the first business day following the expiration of six months from the
Participant’s separation from service, (2) the date of the Participant’s death, or (3) such earlier date as complies with the requirements of Section 409A of the Code. 

 

	13.	Term of the Plan. 

 The
Plan has been approved by the limited partners of the Partnership and shall become effective on the later of the date of its approval by the Board or the initial public offering of Units. The Plan shall terminate on, and no Awards may be granted
after, the earliest of the date established by the Board or the Committee, the 10th anniversary of the date the Plan was approved by the limited partners of the Partnership (or such earlier anniversary, if any, required by the rules of the exchange
on which Units are traded) or the date Units are no longer available for delivery pursuant to Awards under the Plan. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted prior to such
termination, and the authority of the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award, shall extend beyond such termination date. 

  
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