Document:

Exhibit

Exhibit 10.1 

AMENDMENT 
TO
THROUGHPUT AND TANKAGE AGREEMENT

This Amendment to Throughput and Tankage Agreement (this “Amendment”) is entered into as of July 22, 2016, but effective as of February 11, 2014, by and between Lion Oil Company, an Arkansas corporation (“Lion”), and Delek Logistics Operating, LLC, a Delaware limited liability company (“Logistics”). Lion and Logistics are hereinafter sometimes referred to individually as a “Party” and collectively as the “Parties.”

W I T N E S S E T H:

WHEREAS, Lion and Logistics are parties to that certain Throughput and Tankage Agreement (El Dorado Terminal and Tankage) dated as of February 10, 2014 (the “Throughput Agreement”); 

WHEREAS, the Throughput Agreement contained a provision that adjusted the fees paid under the Throughput Agreement based on the difference between the Assumed OPEX and Logistics’ operating expenses associated with its operation of the Terminal and Tankage (the “Assumed OPEX True-Up”);

WHEREAS, the Parties intention and expectation was for the Assumed OPEX True-Up to be cash-flow neutral; 

WHEREAS, given the actual operating circumstances since the signing of the Throughput Agreement, the Parties feel the fee structure currently set forth in the Throughput Agreement, without giving effect to the Assumed OPEX True-Up, remains appropriate; and

WHEREAS, Lion and Logistics now desire to amend the Throughput Agreement in certain respects, as provided in this Amendment;

NOW, THEREFORE, for and in consideration of the mutual covenants, agreements, obligations and benefits made and contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 

1.Definitions. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Throughput Agreement. 

2.Amendment.  The Parties hereto agree that the Throughput Agreement is hereby amended as follows:

(a)    The defined term “Assumed OPEX” is deleted.

(b)    Section 2(f)(ii) of the Throughput Agreement is hereby amended in its entirety to read as follows:

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“[Reserved].”    

3.    Ratification.  Except as amended or modified by Section 2 of this Amendment, the Throughput Agreement is hereby ratified by each of the Parties hereto and shall remain in full force and effect in accordance with its terms.

4.    Counterparts.  This Amendment may be executed in one or more counterparts (including by facsimile or portable document format (pdf)) for the convenience of the Parties hereto, each of which counterparts will be deemed an original, but all of which counterparts together will constitute one and the same agreement.

[Remainder of Page Intentionally Blank; Signature Page Follows]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.

LION OIL COMPANY

By:           /S/ H. Pete Daily                               
Name: H. Pete Daily                                         
Title:   Executive Vice President                       

By:        /S/ Danny C. Norris                          
Name:  Danny C. Norris                                  
Title:    Vice President                                       

DELEK LOGISTICS OPERATING, LLC

By:        /S/ Mark D. Smith                            
Name:  Mark D. Smith                                     
Title:    Executive Vice President                      

By:        /S/ Paul Stone                                   
Name:   Paul Stone                                           
Title:    Vice President                                       

[Signature Page to Amendment to Throughput and Tankage Agreement]Exhibit

Exhibit 10.2
GENERAL TERMS AND CONDITIONS FOR                                                                        
PHANTOM UNIT AWARDS UNDER THE
DELEK LOGISTICS GP, LLC 2012 LONG-TERM INCENTIVE PLAN

Unless otherwise provided in a separate agreement between you and Delek Logistics GP, LLC (the “Company”) the following terms and conditions apply to your award (the “Award”) of Phantom Units (as defined in the Delek Logistics GP, LLC 2012 Long-Term Incentive Plan (the “Plan”)):

1.Relationship to Plan / Electronic Delivery.  The Award is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof.  Except as otherwise provided herein, capitalized terms shall have the same meanings ascribed to them under the Plan.  The provisions of the Plan shall govern if and to the extent that there are inconsistencies between those provisions and the provisions hereof.  As a participant in the Plan, you are entitled to receive certain information regarding the Plan and its operations and such information is available to you electronically at www.benefitsonline.com.  You may receive a paper copy of this information at no cost to you if you contact the Company by telephone at (615) 771-6701 or by regular United States mail at 7102 Commerce Way, Brentwood, Tennessee 37027.  By accepting this award, you hereby consent to the electronic delivery of the Plan to you as set forth herein and acknowledge receipt of a copy of the Plan prior to your acceptance of this award.  

2.     Vesting Schedule; Settlement.  All vesting is subject to your continuous service with the Company or its Affiliates through each applicable vesting date.  You shall forfeit the unvested portion of the Phantom Units upon the termination of your service with the Company or its Affiliates.  Upon the occurrence of an Exchange Transaction, the treatment of the Phantom Units shall be governed by Section 9 of the Plan.  Within 60 calendar days following vesting with respect to a Phantom Unit, you shall be entitled to receive a Unit.  Units will be evidenced, at the sole option and in the sole discretion of the Committee, either (i) in book-entry form in your name in the Unit register of the Partnership maintained by the Partnership’s transfer agent or (ii) a unit certificate issued in your name.  Upon delivery of a Unit in respect of a Phantom Unit, such Phantom Unit shall cease to be outstanding in your notional account described in Section 3.

3.     Distribution Equivalent Rights.  During the Restricted Period, the Award of Phantom Units hereunder shall be evidenced by entry in a bookkeeping account and shall include a tandem Distribution Equivalent Right with respect to the Phantom Units.  Distribution Equivalent Rights shall be paid with respect to all cash distributions.  Pursuant to the Distribution Equivalent Right, cash distributions paid 

 
with respect to Phantom Units shall not be distributed when paid but shall be distributed to you in cash upon vesting of the related Phantom Unit, subject to the same terms and conditions as such Phantom Unit.  Upon forfeiture of a Phantom Unit pursuant to this Agreement, the corresponding Distribution Equivalent Right shall also be forfeited.

4.    Rights as Unitholder; Delivery of Units.  Until delivery of Units as described in Section 2, you shall have no rights as a unitholder as a result of the grant of Phantom Units hereunder.  The Company shall not be obligated to deliver any Units if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulations of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Units are listed or quoted.  The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of Units to comply with any such law, rule, regulations or agreement.

5.    Assignment of Award.  Your rights under this Award and the Plan are personal; no assignment or transfer of your rights under and interest in this Award may be made by you other than by will, by beneficiary designation, by the laws of descent and distribution or by a qualified domestic relations order.

6.    No Service Guaranteed.  No provision of this Award shall confer any right upon you to continued service to the Company or its Affiliates.

7.     Governing Law.  These terms shall be governed by, construed, and enforced in accordance with the laws of the State of Delaware.

8.    Section 409A

(a)     The Award is intended to comply with or be exempt from Code Section 409A, 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 the Award if such action would result in the imposition of taxes under Code Section 409A.  Notwithstanding anything herein to the contrary, if any Plan provision or provision hereof results in the imposition of an additional tax under Code Section 409A, that Plan provision or provisions hereof shall be reformed, to the extent permissible under Code Section 409A, to avoid imposition of 

the additional tax, and no such action shall be deemed to adversely affect your rights to the Award.

(b)     Notwithstanding anything herein to the contrary, if your are identified by the Company as a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i) on the date on which you have a “separation from service” (other than due to death) within the meaning of Treasury Regulation § 1.409A-1(h), any Awards payable or settled on account of a separation from service that are deferred compensation subject to Code Section 409A shall be paid or settled on the earliest of (i) the first business day following the expiration of six months from your separation from service, (ii) the date of your death, or (iii) such earlier date as complies with the requirements of Code Section 409A.

(c)     For all purposes herein, you shall be considered to have terminated service with the Company and its Affiliates when you incur a “separation from service” with the Company within the meaning of Treasury Regulation § 1.409A-1(h).

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