Document:

Exhibit

Exhibit 4.1

RIGHTS AGREEMENT
between
BLUEKNIGHT ENERGY PARTNERS, L.P.,
ERGON ASPHALT & EMULSIONS, INC.,
ERGON TERMINALING, INC., 
and 
ERGON ASPHALT HOLDINGS, LLC,
dated as of October 5, 2016

    
TABLE OF CONTENTS
	
							
	ARTICLE I DEFINITIONS
	1
	

	 
	Section
	1.01
	

	Definitions
	1
	

	 
	Section
	1.02
	

	Registrable Securities
	4
	

	ARTICLE II REGISTRATION RIGHTS
	4
	

	 
	Section
	2.01
	

	Shelf Registration
	4
	

	 
	Section
	2.02
	

	Piggyback Rights
	6
	

	 
	Section
	2.03
	

	Underwritten Offering
	8
	

	 
	Section
	2.04
	

	Sale Procedures
	9
	

	 
	Section
	2.05
	

	Cooperation by Holders
	13
	

	 
	Section
	2.06
	

	Restrictions on Public Sale by Holders of Registrable Securities
	13
	

	 
	Section
	2.07
	

	Expenses
	13
	

	 
	Section
	2.08
	

	Indemnification
	14
	

	 
	Section
	2.09
	

	Rule 144 Reporting
	16
	

	 
	Section
	2.10
	

	Transfer or Assignment of Registration Rights
	16
	

	ARTICLE III MISCELLANEOUS
	17
	

	 
	Section
	3.01
	

	Notices
	17
	

	 
	Section
	3.02
	

	Successors and Assigns
	18
	

	 
	Section
	3.03
	

	Aggregation of Registrable Securities
	18
	

	 
	Section
	3.04
	

	Recapitalization, Exchanges, Etc. Affecting the Registrable Securities
	18
	

	 
	Section
	3.05
	

	Specific Performance
	19
	

	 
	Section
	3.06
	

	Counterparts
	19
	

	 
	Section
	3.07
	

	Headings
	19
	

	 
	Section
	3.08
	

	Governing Law, Submission to Jurisdiction
	19
	

	 
	Section
	3.09
	

	Waiver of Jury Trial
	19
	

	 
	Section
	3.10
	

	Severability of Provisions
	20
	

	 
	Section
	3.11
	

	Entire Agreement
	20
	

	 
	Section
	3.12
	

	Amendment
	20
	

	 
	Section
	3.13
	

	No Presumption
	20
	

	 
	Section
	3.14
	

	Obligations Limited to Parties to this Agreement
	20
	

	 
	Section
	3.15
	

	Interpretation
	21
	

This REGISTRATION RIGHTS AGREEMENT, dated as of October 5, 2016 (this “Agreement”), is entered into by and between Blueknight Energy Partners, L.P., a Delaware limited partnership (the “Partnership”), and Ergon Asphalt & Emulsions, Inc., a Mississippi corporation (“EA&E”), Ergon Terminaling, Inc., a Mississippi corporation (“ETI”), and Ergon Asphalt Holdings, LLC, a Delaware limited liability company (“EAH,” and collectively with ETI and EA&E, the “Purchasers”).  
WHEREAS, this Agreement is made in connection with the consummation of the transactions contemplated by that certain Contribution Agreement, dated as of July 19, 2016, by and among the Partnership, the Purchasers and BKEP Terminal Holding, L.L.C., a Texas limited liability company (the “Contribution Agreement”);
WHEREAS, the Partnership has agreed to provide the registration and other rights set forth in this Agreement for the benefit of the Purchaser pursuant to the Contribution Agreement; and
NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each party hereto, the parties hereby agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01    Definitions.  Capitalized terms used in this Agreement and not defined herein shall have the meanings ascribed to such terms in the Contribution Agreement.  As used in this Agreement, the following terms have the meanings indicated:
“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, Controls, is Controlled by or is under common Control with, such specified Person through one or more intermediaries or otherwise.
“Agreement” shall have the meaning specified in the introductory paragraph of this Agreement.
“Business Day” means each day of the week except Saturdays, Sundays and days on which banking institutions are authorized or required to close in the State of Texas.
“Commission” means the Securities and Exchange Commission.
“Common Unit” shall have the meaning specified in the Partnership’s Fourth Amended and Restated Agreement of Limited Partnership, dated September 14, 2011.
“Contribution Agreement” shall have the meaning specified in the recitals of this Agreement.
“Control” means, where used with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “Controlling” and “Controlled” have correlative meanings.

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“Conversion Common Units” means the Common Units issuable upon the conversion of the Issued Series A Units issued pursuant to the Contribution Agreement.
“Effective Date” means, with respect to a particular Shelf Registration Statement, the date of effectiveness of such Shelf Registration Statement.
“Effectiveness Period” shall have the meaning specified in Section 2.01(a) of this Agreement.
“Exchange Act” means the Securities Exchange Act of 1934.
“Filing Date” shall have the meaning specified in Section 2.01(a) of this Agreement.
“Governmental Authority” means any legislature, agency, bureau, branch, department, division, commission, court, tribunal, magistrate, justice, multi-national organization, quasi-governmental body, or other similar recognized organization or body of any federal, state, county, municipal, local, or foreign government or other similar recognized organization or body exercising similar powers or authority having competent jurisdiction.
“Holder” means a record holder of Registrable Securities.
“Included Registrable Securities” shall have the meaning specified in Section 2.02(a) of this Agreement.
“Issued Common Units” shall have the meaning specified in the Contribution Agreement.
“Issued Series A Units” shall have the meaning specified in the Contribution Agreement.
“Launch Date” shall have the meaning specified in Section 2.02(b) of this Agreement.
“Law” means any law (statutory, common, or otherwise), constitution, treaty, convention, ordinance, equitable principle, code, rule, regulation, executive order, or other similar authority enacted, adopted, promulgated, or applied by any Governmental Authority, each as amended and now or hereinafter in effect.
“Losses” shall have the meaning specified in Section 2.08(a) of this Agreement.
“Managing Underwriter” means, with respect to any Underwritten Offering, the book running lead manager of such Underwritten Offering.
“Opt-Out Notice” shall have the meaning specified in Section 2.02(a) of this Agreement.
“Other Holders” shall have the meaning specified in Section 2.02(c) of this Agreement.
“Overnight Underwritten Offering” shall have the meaning specified in Section 2.02(b) of this Agreement.
“Partnership” shall have the meaning specified in the introductory paragraph of this Agreement.

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“Person” means any individual or entity, including any firm, corporation, partnership (general or limited), limited liability company, trust, joint venture, Governmental Authority or other entity.
“Piggyback Offering” shall have the meaning specified in Section 2.02(a) of this Agreement.
“Pricing Date” shall have the meaning specified in Section 2.02(b) of this Agreement.
“Primary Offering” shall have the meaning specified in Section 2.04(n) of this Agreement.
“Purchasers” shall have the meaning specified in the introductory paragraph of this Agreement.
“Registrable Securities” means the Issued Common Units and the Conversion Common Units.
“Registration Expenses” shall have the meaning specified in Section 2.07(a) of this Agreement.
“Securities Act” means the Securities Act of 1933.
“Selling Expenses” shall have the meaning specified in Section 2.07(a) of this Agreement.
“Selling Holder” means a Holder who is selling Registrable Securities under a registration statement pursuant to the terms of this Agreement.
“Selling Holder Documentation” shall have the meaning specified in Section 2.02(b) of this Agreement.
“Shelf Registration Statement” means a registration statement under the Securities Act to permit the public resale of the Registrable Securities from time to time as permitted by Rule 415 of the Securities Act (or any similar provision then in force under the Securities Act).
“Underwritten Offering” means an offering (including an offering pursuant to a Shelf Registration Statement) in which Common Units are sold to an underwriter on a best efforts or firm commitment basis for reoffering to the public.
“Underwritten Offering Filing” shall have the meaning specified in Section 2.02(a) of this Agreement.
“Underwritten Offering Request” shall have the meaning specified in Section 2.03(a) of this Agreement.
“Unit Purchase Price” means (i) with respect to the Conversion Common Units, $7.15 and (ii) with respect to the Issued Common units, the Common Purchase Price (as defined in the Contribution Agreement).

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Section 1.02    Registrable Securities.  Any Registrable Security will cease to be a Registrable Security at the earliest of the following: (a) when a registration statement covering such Registrable Security becomes or has been declared effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such registration statement; (b) when such Registrable Security has been disposed of pursuant to Rule 144 (or any similar provision then in force) under the Securities Act; (c) when such Registrable Security is held by the Partnership or one of its subsidiaries; and (d) when such Registrable Security has been sold in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of such securities pursuant to the terms of this Agreement.  
ARTICLE II
REGISTRATION RIGHTS
Section 2.01    Shelf Registration.
(a)    Shelf Registration.  At any time and from time, as soon as practicable following the Partnership’s receipt of written notice from the Purchaser requesting the filing of a Shelf Registration Statement, the Partnership shall prepare and file a Shelf Registration Statement under the Securities Act covering Registrable Securities then outstanding; provided, however, that the right of the Purchaser to request such filing shall expire at any time that the Purchaser and its Affiliates owns less than 10% of the aggregate Conversion Common Units issued to the Purchaser and its Affiliates.  If the Shelf Registration Statement is not automatically effective upon filing, the Partnership shall use its reasonable best efforts to cause the Shelf Registration Statement to become effective as soon as reasonably practicable, but in any event not later than 180 days after the date of the filing of such Shelf Registration Statement (the “Filing Date”).  A Shelf Registration Statement filed pursuant to this Section 2.01(a) shall be on such appropriate registration form of the Commission as shall be selected by the Partnership; provided, however, that if a prospectus supplement will be used in connection with the marketing of an Underwritten Offering from a Shelf Registration Statement and the Managing Underwriter at any time shall notify the Partnership in writing that, in the reasonable judgment of such Managing Underwriter, inclusion of detailed information to be used in such prospectus supplement is of material importance to the success of the Underwritten Offering of such Registrable Securities, the Partnership shall use its reasonable best efforts to include such information in the prospectus supplement.  The Partnership will use its reasonable best efforts to cause a Shelf Registration Statement filed pursuant to this Section 2.01(a) to be continuously effective under the Securities Act from the Effective Date until the earliest date on which any of the following occurs: (i) all Registrable Securities covered by such Shelf Registration Statement have been distributed in the manner set forth and as contemplated in such Shelf Registration Statement, (ii) there are no longer any Registrable Securities outstanding and (iii) two years from the Effective Date of such Shelf Registration Statement (the “Effectiveness Period”).  The Partnership covenants that a Shelf Registration Statement when it becomes or is declared effective (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading (and, in the case of any prospectus contained in such Shelf Registration Statement, in the light of the circumstances under which a statement is made).  As soon as practicable following the Effective Date of a Shelf Registration Statement, but in any event within three Business Days of such date, the Partnership will notify the Selling Holders of the effectiveness of such Shelf Registration Statement.

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(b)    Maximum Shelf Registration Requests; Delay Rights.
(i)    Notwithstanding anything to the contrary contained in this Agreement, the Partnership shall not be obligated to file or effect more than three Shelf Registration Statements (including any post-effective amendments to such Shelf Registration Statement filed for the primary purpose of including Selling Holders or adding Conversion Common Units to such Shelf Registration Statement) pursuant to Section 2.01 of this Agreement.  The Purchaser (or its transferees) shall have the right to effect no more than three Shelf Registration Statements (including any post-effective amendments to such Shelf Registration Statement filed for the primary purpose of including Selling Holders or adding Conversion Common Units to such Shelf Registration Statement) pursuant to Section 2.01 of this Agreement.
(ii)    Notwithstanding anything to the contrary contained in this Agreement, the Partnership may, upon written notice to any Selling Holder whose Registrable Securities are included in a Shelf Registration Statement, suspend such Selling Holder’s use of any prospectus that is a part of such Shelf Registration Statement (in which event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Shelf Registration Statement) if (A) the Partnership is pursuing an acquisition, merger, reorganization, disposition or other similar transaction and the Partnership determines in good faith that the Partnership’s ability to pursue or consummate such a transaction would be materially and adversely affected by any required disclosure of such transaction in the Shelf Registration Statement or (B) the Partnership has experienced some other material non-public event the disclosure of which at such time, in the good faith judgment of the Partnership, would materially and adversely affect the Partnership; provided, however, that in no event shall the Selling Holders be suspended from selling Registrable Securities pursuant to the Shelf Registration Statement for a period that exceeds an aggregate of 60 days in any 180 day period or 90 days (exclusive of days covered by any lock-up agreement executed by a Selling Holder in connection with any Underwritten Offering by the Partnership or a Selling Holder) in any 365 day period.  Upon disclosure of such information or the termination of the conditions described above, the Partnership shall provide prompt notice to the Selling Holders whose Registrable Securities are included in the Shelf Registration Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other actions necessary or appropriate to permit registered sales of Registrable Securities as contemplated in this Agreement.
Section 2.02    Piggyback Rights.
(a)    Underwritten Offering Piggyback Rights.  Except as provided in Section 2.02(b), if at any time the Partnership proposes to file (i) during any time in which the Purchaser has the right to request the filing of a Shelf Registration Statement pursuant to Section 2.01, a registration statement, other than a shelf registration statement, or (ii) during any Effectiveness Period, a prospectus supplement to an effective shelf registration statement, other than a Shelf Registration Statement contemplated by Section 2.01, in either case (i) or (ii), for the sale of Common Units in an Underwritten Offering for its own account, then, as soon as practicable but not less than three Business Days prior to the filing of (A) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) of the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) of the Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement (other than a shelf registration statement), as the case may be (an “Underwritten Offering Filing”), the Partnership shall give notice of such proposed Underwritten Offering to the Holders and 

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such notice shall offer the Holders the opportunity to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Offering”); provided, however, that the Partnership shall not be required to offer such opportunity to Holders if (aa) the Holders do not offer a minimum of $10 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities held by the participating Holders by the average of the closing price for Common Units for the 10 trading days preceding the date of such notice) or (bb) the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the price, timing or distribution of the Common Units, in which case the amount of Registrable Securities to be offered for the accounts of participating Holders shall be determined based on the provisions of Section 2.02(c) of this Agreement.  Each Holder shall keep any information relating to any such Underwritten Offering confidential and shall not disseminate or in any way disclose such information.  Except as provided in Section 2.02(b), each Holder shall then have two Business Days from the date of such notice to request inclusion of its Registrable Securities in the Piggyback Offering.  If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Offering.  If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, the Partnership shall give written notice of such determination to the Selling Holders and, (x) in the case of a determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay of the Underwritten Offering.  Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to the Partnership of such withdrawal at least one Business Day prior to the time of pricing of such Underwritten Offering.  Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder holds less than $10 million of Registrable Securities (based on the Unit Purchase Price).  Notwithstanding the foregoing, any Holder may deliver written notice (an “Opt-Out Notice”) to the Partnership requesting that such Holder not receive notice from the Partnership of any proposed Underwritten Offering; provided, however, that such Holder may later revoke any such Opt-Out Notice in writing.
(b)    Overnight Underwritten Offering Piggyback Rights.  If at any time during any Effectiveness Period the Partnership proposes to make an Underwritten Offering Filing and such Underwritten Offering is expected to be effected by launching an Underwritten Offering after the close of trading on one trading day (the “Launch Date”) and pricing the Underwritten Offering before the open of trading on the next succeeding trading day (the “Pricing Date” and, such execution format, an “Overnight Underwritten Offering”), then no later than three Business Days after the Partnership engages a Managing Underwriter for the proposed Overnight Underwritten Offering, (x) the Partnership shall notify the Holders of the pendency of the Overnight Underwritten Offering and (y) if the Holders propose to include Registrable Securities in the Overnight Underwritten Offering, then the Managing Underwriter of the Overnight Underwritten Offering shall, no later than the 10th Business Day prior to the expected Launch Date, provide to the Selling Holders all of the documentation customarily required for the inclusion of Registrable Securities in the Overnight Underwritten Offering, including, without limitation, a custody agreement and power-of-attorney and Selling Holders’ customary representations and warranties (collectively, the “Selling Holder Documentation”).  To include Registrable Securities in an Overnight Underwritten Offering, each Selling Holder shall, subject to receipt of notice of the 

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Overnight Underwritten Offering and Selling Holder Documentation within the time periods set forth above, (A) complete its review and return the Selling Holder Documentation, with such revisions as have been agreed to by the Partnership (such agreement not to be unreasonably withheld) and the Selling Holder, at least seven Business Days prior to the expected Launch Date, (B) place the Registrable Securities eligible for inclusion in an Overnight Underwritten Offering into the custody of the Partnership’s transfer agent at least five Business Days prior to the expected Launch Date, (C) agree to participate following reasonable notice in any due diligence calls arranged by the Managing Underwriter of an Overnight Underwritten Offering on the expected Launch Date, the Pricing Date or in advance of the closing of an Overnight Underwritten Offering and any over-allotment option closing, and (D) unconditionally waive any right to withdraw any Registrable Securities placed into the custody of the Partnership’s transfer agent for inclusion in an Overnight Underwritten Offering within three Business Days of the expected Launch Date, whether on the basis of the offering price, underwriter discount, or for any other reason; provided, however, that the Partnership shall not be required to offer such opportunity to Holders if (aa) the Holders do not offer a minimum of $10 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities held by the participating Holders by the average of the closing price for Common Units for the 10 trading days preceding the date of such notice) or (bb) the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the price, timing or distribution of the Common Units, in which case the amount of Registrable Securities to be offered for the accounts of participating Holders shall be determined based on the provisions of Section 2.02(c) of this Agreement.  If, at any time after giving written notice of its intention to undertake an Overnight Underwritten Offering and prior to the closing of such Overnight Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Overnight Underwritten Offering, the Partnership shall give written notice of such determination to the Selling Holders and, (i) in the case of a determination not to undertake such Overnight Underwritten Offering, shall be relieved of its obligation to sell any Registrable Securities held by the Selling Holders in connection with such terminated Overnight Underwritten Offering, and (ii) in the case of a determination to delay such Overnight Underwritten Offering, shall be permitted to delay offering any Registrable Securities held by the Selling Holders for the same period as the delay of the Overnight Underwritten Offering.  Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Overnight Underwritten Offering by giving written notice to the Partnership of such withdrawal at least three Business Days prior to the Launch Date.  Each Holder’s rights under this Section 2.02(b) shall terminate when such Holder holds less than $10 million of Registrable Securities (based on the Unit Purchase Price).  Notwithstanding the foregoing, any Holder may deliver an Opt-Out Notice to the Partnership requesting that such Holder not receive notice from the Partnership of any proposed Overnight Underwritten Offering; provided, however, that such Holder may later revoke any such Opt-Out Notice in writing.
(c)    Priority of Piggyback Rights.  In connection with an Underwritten Offering contemplated by Section 2.02(a) or Section 2.02(b), if the Managing Underwriter or Underwriters of such Underwritten Offering advises the Partnership that the total amount of Common Units that the Selling Holders and any other Persons intend to include in such Underwritten Offering exceeds the number that can be sold in such Underwritten Offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Common Units that such Managing Underwriter or Underwriters advises the Partnership can be sold without having such adverse effect, with such number to be allocated (i) first to the Partnership, (ii) second 

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pro rata among the Selling Holders and any other Persons who have been or are granted registration rights prior to, on or after the date of this Agreement who have requested participation in the Underwritten Offering (the “Other Holders”) based, for each such Selling Holder or Other Holder, on the percentage derived by dividing (A) the number of Common Units proposed to be sold by such Selling Holder(s) and such Other Holders in such Underwritten Offering; by (B) the aggregate number of Common Units proposed to be sold by all Selling Holders and all Other Holders in the Underwritten Offering.  
Section 2.03    Underwritten Offering.
(a)    Request for Underwritten Offering.  In the event that a Selling Holder (together with any Affiliates that are Selling Holders) elects to dispose of Registrable Securities under a Shelf Registration Statement pursuant to an Underwritten Offering and reasonably anticipates gross proceeds of greater than $25 million from such Underwritten Offering of Registrable Securities, the Partnership shall, at the request of such Selling Holder (each, an “Underwritten Offering Request”), enter into an underwriting agreement in customary form with the Managing Underwriter or Underwriters, which shall include, among other provisions, indemnities in customary form, and shall take all such other reasonable actions as are requested by the Managing Underwriter to expedite or facilitate the disposition of the Registrable Securities; provided, however, that the Partnership shall not be required to effect more than four Underwritten Offerings pursuant to Section 2.03 of this Agreement, and the Holders shall be limited to one Underwritten Offering Request in any 180 day period.
(b)    General Procedures.  In connection with any Underwritten Offering (i) under Section 2.02 of this Agreement, the Partnership shall be entitled to select the Managing Underwriter or Underwriters and (ii) under Section 2.03(a) of this Agreement, the Selling Holders (by a majority in interest of the Registrable Securities to be sold in such Underwritten Offering) shall be entitled to select the Managing Underwriter or Underwriters.  In connection with an Underwritten Offering contemplated by this Agreement in which a Selling Holder participates, each Selling Holder and the Partnership shall be obligated to enter into an underwriting agreement with the Managing Underwriter or Underwriters that contains such representations, covenants, indemnities and other rights and obligations as are customary in underwriting agreements for firm commitment offerings of equity securities.  No Selling Holder may participate in an Underwritten Offering unless such Selling Holder agrees to sell its Registrable Securities on the basis provided in such underwriting agreement and completes and executes all questionnaires, powers-of-attorney, indemnities and other documents reasonably required under the terms of such underwriting agreement. Each Selling Holder may, at its option, require that any or all of the representations and warranties by, and the other agreements on the part of, the Partnership to and for the benefit of such underwriters also be made to and for such Selling Holder’s benefit and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also be conditions precedent to its obligations. No Selling Holder shall be required to make any representations or warranties to or agreements with the Partnership or the underwriters other than representations, warranties or agreements regarding such Selling Holder and its ownership of the securities being registered on its behalf and its intended method of distribution and any other representation required by Law.  If any Selling Holder disapproves of the terms of an Underwritten Offering, such Selling Holder may elect to withdraw therefrom by notice to the Partnership and the Managing Underwriter; provided, however, that such withdrawal must be made at least one Business Day prior to the pricing of such Underwritten Offering to be effective.  No such withdrawal or abandonment shall affect the Partnership’s obligation to pay Registration Expenses. Upon the receipt by the Partnership of a written request from the Holders of at least $50 million of Common Units that are 

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participating in an Underwritten Offering, the Partnership’s management shall be required to participate in a roadshow or similar marketing effort in connection with that Underwritten Offering; provided, that management: (i) is given at least 30 days notice prior to the commitment of any roadshow or similar marketing effort; (ii) agrees to the proposed commencement date of any roadshow or similar marketing effort; and (iii) is not required to participate in any roadshow or similar marketing effort for more than the time reasonably requested by the Managing Underwriter.
Section 2.04    Sale Procedures.  In connection with its obligations under this Article II, the Partnership will, as expeditiously as possible:
(a)    prepare and file with the Commission such amendments and supplements to a Shelf Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement effective for its Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Shelf Registration Statement;
(b)    furnish to each Selling Holder (i) as far in advance as reasonably practicable before filing a Shelf Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information pertaining to such Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing such Shelf Registration Statement or such other registration statement and the prospectus included therein or any supplement or amendment thereto, and (ii) an electronic copy of such Shelf Registration Statement or such other registration statement and the prospectus included therein and any supplements and amendments thereto as such Selling Holder may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Shelf Registration Statement or other registration statement;
(c)    if applicable, use its reasonable best efforts to register or qualify the Registrable Securities covered by a Shelf Registration Statement or any other registration statement contemplated by this Agreement under the securities or “blue sky” laws of such jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the Managing Underwriter, shall reasonably request; provided, however, that the Partnership shall not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action which would subject it to general service of process in any such jurisdiction where it is not then so subject;
(d)    notify each Selling Holder and each underwriter of Registrable Securities, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the filing of a Shelf Registration Statement or any other registration statement contemplated by this Agreement or any prospectus or prospectus supplement to be used in connection therewith, or any amendment or supplement thereto, and, with respect to such Shelf Registration Statement or any other registration statement or any post-effective amendment thereto, when the same has become effective; and (ii) the receipt of any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by the Commission for amendments or supplements to such Shelf Registration Statement or any other registration statement or any prospectus or prospectus supplement thereto;

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(e)    notify each Selling Holder and each underwriter of Registrable Securities, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the happening of any event as a result of which the prospectus or prospectus supplement contained in a Shelf Registration Statement or any other registration statement contemplated by this Agreement, as then in effect, or any supplemental amendment thereto, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; (ii) the issuance or threat of issuance by the Commission of any stop order suspending the effectiveness of such Shelf Registration Statement or any other registration statement contemplated by this Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by the Partnership of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction.  Following the provision of such notice, the Partnership agrees to as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing and to take such other action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto;
(f)    upon request and subject to appropriate confidentiality obligations, furnish to each Selling Holder copies of any and all transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such offering of Registrable Securities;
(g)    in the case of an Underwritten Offering, furnish upon request, (i) an opinion letter of counsel for the Partnership dated the date of the closing under the underwriting agreement, including a standard “10b-5” letter and (ii) a “cold comfort” letter dated the pricing date of such Underwritten Offering and a letter of like kind dated the date of the closing under the underwriting agreement, in each case, signed by the independent public accountants who have certified the Partnership’s financial statements included or incorporated by reference into the applicable registration statement, and each of the opinion and the “cold comfort” letter shall be in customary form and covering substantially the same matters with respect to such registration statement (and the prospectus included therein and any supplement thereto) and as are customarily covered in opinion letters of issuer’s counsel and in accountants’ letters delivered to the underwriters in underwritten offerings of equity securities;
(h)    otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder;
(i)    make available to the appropriate representatives of the Managing Underwriter and Selling Holders access to such information and the Partnership personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided, however, that the Partnership need not disclose any non-public information to any such representative unless and until such representative has entered into a confidentiality agreement with the Partnership reasonably satisfactory to the Partnership;

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(j)    cause all Registrable Securities registered pursuant to this Agreement to be listed on each securities exchange or nationally recognized quotation system, if any, on which similar securities issued by the Partnership are then listed;
(k)    use its reasonable best efforts to cause the Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Partnership to enable the Selling Holders to consummate the disposition of such Registrable Securities;
(l)    provide a transfer agent and registrar for all Registrable Securities covered by such registration statement not later than the effective date of such registration statement;
(m)    enter into customary agreements and take such other actions as are reasonably requested by the Selling Holders or the underwriters, if any, to expedite or facilitate the disposition of such Registrable Securities; and
(n)    (i) cooperate with a Selling Holder if such Selling Holder could reasonably be deemed to be an “underwriter,” as defined in Section 2(a)(11) of the Securities Act, in connection with the registration statement in respect of any registration of the Registrable Securities of such Selling Holder pursuant to this Agreement, and any amendment or supplement thereof (any such registration statement or amendment or supplement a “Primary Offering”), in allowing such Selling Holder to conduct customary “underwriter’s due diligence” with respect to the Partnership and satisfy its obligations in respect thereof and (ii) permit legal counsel to such Selling Holder to review and comment upon any such Primary Offering at least five Business Days prior to its filing with the Commission and all amendments and supplements to any such Primary Offering within a reasonable number of days prior to their filing with the Commission and not file any Primary Offering or amendment or supplement thereto in a form to which such Selling Holder’s legal counsel reasonably objects in writing.
Each Selling Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in subsection (e) of this Section 2.04, shall forthwith discontinue disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (e) of this Section 2.04 or until it is advised in writing by the Partnership that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings incorporated by reference in the prospectus, and, if so directed by the Partnership, such Selling Holder will deliver, or will request the Managing Underwriter or underwriters, if any, to deliver to the Partnership all copies in their possession or control, other than permanent file copies then in such Selling Holder’s possession, of the prospectus and any prospectus supplement covering such Registrable Securities current at the time of receipt of such notice.
If reasonably requested by a Selling Holder, the Partnership shall: (i) as soon as practicable incorporate in a prospectus supplement or post-effective amendment such information as such Selling Holder reasonably requests to be included therein relating to the sale and distribution of Registrable Securities, including information with respect to the number of Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering; (ii) as soon as practicable make all required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) as soon as practicable, supplement or make 

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amendments to any Shelf Registration Statement or any other registration statement contemplated by this Agreement.
Section 2.05    Cooperation by Holders.  It shall be a condition precedent to the obligations of the Partnership to include Registrable Securities of a Holder in a Shelf Registration Statement or in an Underwritten Offering under Article II of this Agreement that such Selling Holder shall timely furnish such information regarding itself, the Registrable Securities held by it, and the intended method(s) of disposition of such securities as shall be required for such Shelf Registration Statement or prospectus supplement, as applicable, to comply with the Securities Act.
Section 2.06    Restrictions on Public Sale by Holders of Registrable Securities.  During the Effectiveness Period, each Holder of Registrable Securities agrees not to effect any public sale or distribution of the Registrable Securities during the 60 calendar day period beginning on the date that a prospectus supplement or other prospectus (including any free writing prospectus) is filed with the Commission with respect to an Underwritten Offering of equity securities of the Partnership; provided, that the duration of the foregoing restrictions shall be no longer than the duration of the shortest restriction generally imposed by the underwriters on the officers, directors or any other unitholder of the Partnership on whom a restriction is imposed in connection with such public offering; provided, further, that this Section 2.06 shall apply only to a Selling Holder (together with any Affiliates that are Selling Holders) that holds at least $25 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities held by the participating Holders by the average of the closing price for Common Units for the 10 trading days preceding the date of such filing).
Section 2.07    Expenses
(a)    Certain Definitions.  “Registration Expenses” means all expenses incident to the Partnership’s performance under or compliance with this Agreement to effect the registration of Registrable Securities in a Shelf Registration Statement pursuant to Section 2.01 or an Underwritten Offering pursuant to Section 2.03 and the disposition of such securities, including, without limitation, all customary registration, filing, securities exchange listing and NASDAQ fees or fees of any other national securities exchange or over-the-counter market upon which the Common Units trade, all customary registration, filing, qualification and other fees and expenses of complying with securities or “blue sky” laws, fees of the Financial Industry Regulatory Authority, Inc., fees of transfer agents and registrars, all word processing, duplicating and printing expenses, the fees and disbursements of counsel to the Partnership and independent public accountants for the Partnership, including the expenses of any special audits or “cold comfort” letters and legal opinions required by or incident to such performance and compliance.  “Selling Expenses” means all underwriting fees, discounts and selling commissions (and similar fees or arrangements associated with) and transfer taxes allocable to the sale of the Registrable Securities.
(b)    Expenses.  The Partnership will pay all reasonable Registration Expenses as determined in good faith, including, in the case of an Underwritten Offering, whether or not any sale is made pursuant to the related registration statement. Except as otherwise provided in Section 2.08, the Partnership shall not be responsible for legal fees incurred by Holders in connection with the exercise of such Holders’ rights and obligations under this Agreement hereunder, or for any Selling Expenses.  Each Selling Holder shall pay all Selling Expenses in connection with any sale of its Registrable Securities.

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Section 2.08    Indemnification.
(a)    By the Partnership.  In the event of a registration of any Registrable Securities under the Securities Act pursuant to this Agreement, the Partnership will indemnify and hold harmless each Selling Holder thereunder, its directors, officers, employees, agents and managers, and each underwriter, pursuant to the applicable underwriting agreement with such underwriter, of Registrable Securities thereunder and each Person, if any, who controls such Selling Holder or underwriter within the meaning of the Securities Act and the Exchange Act, and its directors, officers, employees, agents and managers, against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder or underwriter or controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (in the case of any prospectus, in the light of the circumstances under which such statement is made) contained in a Shelf Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus or final prospectus contained therein, or any free writing prospectus related thereto, or any amendment or supplement thereof, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances under which they were made) not misleading, and will reimburse each such Selling Holder, its directors and officers, each such underwriter and each such controlling Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings; provided, however, that the Partnership will not be liable in any such case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Selling Holder, such underwriter or such controlling Person in writing specifically for use in the Shelf Registration Statement or such other registration statement, free writing prospectus or prospectus supplement, as applicable.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such director, officer, employee, agent, manager or controlling Person, and shall survive the transfer of such securities by such Selling Holder.
(b)    By Each Selling Holder.  Each Selling Holder agrees to indemnify and hold harmless the Partnership, its directors, officers, employees and agents and each Person, if any, who controls the Partnership within the meaning of the Securities Act or of the Exchange Act to the same extent as the foregoing indemnity from the Partnership to the Selling Holders, but only with respect to information regarding such Selling Holder furnished in writing by or on behalf of such Selling Holder expressly for inclusion in a Shelf Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus or final prospectus contained therein, or any free writing prospectus related thereto, or any amendment or supplement thereof; provided, however, that the liability of each Selling Holder by way of indemnity under this Section 2.08(b) or contribution under Section 2.08(d) shall not be greater in amount than the dollar amount of the proceeds (net of Selling Expenses) received by such Selling Holder from the sale of the Registrable Securities giving rise to such indemnification.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Partnership or any such director, officer, employee, agent, manager or controlling Person, and shall survive the transfer of such securities by such Selling Holder.

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(c)    Notice.  Promptly after any indemnified party has received notice of any indemnifiable claim hereunder, or the commencement of any action, suit or proceeding by a third person, which the indemnified party believes in good faith is an indemnifiable claim under this Agreement, the indemnified party shall give the indemnifying party written notice of such claim but failure to so notify the indemnifying party will not relieve the indemnifying party from any liability it may have to such indemnified party hereunder except to the extent that the indemnifying party is materially prejudiced by such failure.  Such notice shall state the nature and the basis of such claim to the extent then known.  The indemnifying party shall be entitled to participate in and, to the extent it shall wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to such indemnified party of its election so to assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 2.08 for any legal expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided, however, that, (i) if the indemnifying party has failed to assume the defense and employ counsel or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the reasonable out-of-pocket expenses and fees of such separate counsel and other reasonable out-of-pocket expenses related to such participation to be reimbursed by the indemnifying party as incurred.  Notwithstanding any other provision of this Agreement, the indemnifying party shall not settle any indemnified claim without the consent of the indemnified party, unless the settlement thereof imposes no liability or obligation on, and includes a complete release from liability of, and does not contain any admission of wrongdoing by, the indemnified party.
(d)    Contribution.  If the indemnification provided for in this Section 2.08 is held by a court or government agency of competent jurisdiction to be unavailable to any indemnified party or is insufficient to hold them harmless in respect of any Losses, then each such indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such Loss in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of such indemnified party on the other in connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall such Selling Holder be required to contribute an aggregate amount in excess of the dollar amount of proceeds (net of Selling Expenses) received by such Selling Holder from the sale of Registrable Securities giving rise to such indemnification; and provided, further, that in no event will a Selling Holder’s liability pursuant to this Section 2.08(d) when combined with amounts paid or payable under Section 2.08(b) exceed the proceeds (net of Selling Expenses) received by such Selling Holder.  The relative fault of the indemnifying party on the one hand and the indemnified party on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact has been made by, or relates to, information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.  The parties hereto agree that it would not be just and equitable if contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to herein.  The amount paid by an indemnified party as 

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a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified party in connection with investigating or defending any Loss that is the subject of this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation.
(e)    Other Indemnification.  The provisions of this Section 2.08 shall be in addition to any other rights to indemnification or contribution that an indemnified party may have pursuant to Law, equity, contract or otherwise.
Section 2.09    Rule 144 Reporting.  With a view to making available the benefits of certain rules and regulations of the Commission that may permit the sale of the Registrable Securities to the public without registration, the Partnership agrees to use its reasonable best efforts to:
(a)    make and keep public information regarding the Partnership available, as those terms are understood and defined in Rule 144 of the Securities Act, at all times from and after the date hereof;
(b)    file with the Commission in a timely manner all reports and other documents required of the Partnership under the Securities Act and the Exchange Act at all times from and after the date hereof; and
(c)    so long as a Holder owns any Registrable Securities, furnish, unless otherwise available at no charge by access electronically to the Commission’s EDGAR filing system, to such Holder forthwith upon request (i) a copy of the most recent annual or quarterly report of the Partnership, and (ii) such other reports and documents so filed with the Commission as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration.
Section 2.10    Transfer or Assignment of Registration Rights.  The rights to cause the Partnership to register Registrable Securities granted to the Purchaser by the Partnership under this Article II may be transferred or assigned by a Holder to a transferee or assignee; provided, that (i) the transferee or assignee is an Affiliate of the Purchaser or (ii) there is transferred to such transferee at least $10 million of Registrable Securities (based on the Unit Purchase Price).  The transferor shall give written notice to the Partnership at least 10 Business Days prior to any said transfer or assignment, setting forth the information required under Section 3.01 of this Agreement for each such transferee and identifying the securities with respect to which such registration rights are being transferred or assigned, and each such transferee shall agree in writing to be subject to all the terms and conditions of this Agreement.
ARTICLE III
MISCELLANEOUS
Section 3.01    Notices.  All notices, requests, demands, claims and other communications hereunder will be in writing. Any notice, request, demand, claim or other communication hereunder will be deemed duly given if (and then three Business Days after) it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below:

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Notice to the Partnership:
Blueknight Energy Partners, L.P.
Two Warren Place
6120 South Yale Avenue, Suite 500
Tulsa, Oklahoma 74136
Fax: (918) 237-4001
Email: astallings@bkep.com
Attn: Chief Financial Officer
With copies to (which shall not constitute notice):
Jackson Walker LLP
2323 Ross Avenue, Suite 600
Dallas, Texas 75201
Fax: (214) 661-6629
Email: acrow@jw.com
Attn: Alden Crow
and
Potter Anderson Corroon LLP
1313 North Market Street, 6th Floor
P.O. Box 951
Wilmington, Delaware 19801
Fax: (302) 778-6204
Email: tmullen@potteranderson.com
Attn: Thomas A. Mullen
Notice to the Purchaser:
Ergon Asphalt Holdings, LLC 
c/o Ergon, Inc. 
P.O. Box 1639, 
Jackson, MS 39215-1639
Attention: A. Patrick Busby, Executive Vice President and Chief Financial Officer
Facsimile: (601) 933-3371
Email: pat.busby@ergon.com

With copies to (which shall not constitute notice):

Baker Botts L.L.P.
910 Louisiana Street
Houston, Texas 77002
Fax: (713) 229-7734
Email: gerald.spedale@bakerbotts.com

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Attn: Gerald M. Spedale
Andrew J. Ericksen
Facsimile: (713) 229-7734
(713) 229-2793
Email: gerald.spedale@bakerbotts.com
aj.ericksen@bakerbotts.com
and
Watson Heidelberg Jones PLLC
P. O. Box 23546
Jackson, MS 39225
Attention:  J. Kevin Watson
Facsimile: (601) 932-4400
Email: kwatson@whjpllc.com
or, if to a transferee of the Purchaser, to the transferee at the addresses provided pursuant to Section 2.10 above.  Any party may send any notice, request, demand, claim, or other communication hereunder to the intended recipient at the address set forth above using any other means (including personal delivery, expedited courier, messenger service, telecopy, facsimile, ordinary mail, or electronic mail).  Any party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other parties notice in the manner herein set forth. 
Section 3.02    Successors and Assigns.  This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein.  
Section 3.03    Aggregation of Registrable Securities.  All Registrable Securities held or acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose of determining the availability of any rights under this Agreement.  
Section 3.04    Recapitalization, Exchanges, Etc. Affecting the Registrable Securities.  The provisions of this Agreement shall apply to the fullest extent set forth herein with respect to any and all units of the Partnership or any successor or assignee of the Partnership (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, splits, recapitalizations and the like occurring after the date of this Agreement.  
Section 3.05    Specific Performance.  Damages in the event of breach of this Agreement by a party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction or competence of the court to grant such an injunction or other equitable relief.  The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity which such Person may have.  

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Section 3.06    Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement.  
Section 3.07    Headings.  The article and section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation of this Agreement
Section 3.08    Governing Law, Submission to Jurisdiction.  This Agreement and the performance of the transactions contemplated hereby and obligations of the parties hereunder will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice of Law principles. Each of the parties agrees that this Agreement (i) involves at least $100,000.00 and (ii) has been entered into by the parties in express reliance on 6  Del. C.  § 2708. Each of the parties hereby irrevocably and unconditionally agrees (A) to be subject to the jurisdiction of the courts of the State of Delaware and of the federal courts sitting in the State of Delaware, and (B)(1) to the extent such party is not otherwise subject to service of process in the State of Delaware, to appoint and maintain an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other parties of the name and address of such agent, and (2) that service of process may, to the fullest extent permitted by law, also be made on such party by prepaid certified mail with a proof of mailing receipt validated by the United States Postal Service constituting evidence of valid service, and that service made pursuant to (B)(1) or (2) above shall, to the fullest extent permitted by law, have the same legal force and effect as if served upon such party personally within the State of Delaware.  
Section 3.09    Waiver of Jury Trial.  THE PARTIES TO THIS AGREEMENT EACH HEREBY WAIVE, AND AGREE TO CAUSE THEIR AFFILIATES TO WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (i) ARISING UNDER THIS AGREEMENT OR (ii) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.  THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.  
Section 3.10    Severability of Provisions.  The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the validity or enforceability of the other provisions hereof, if both the economic and legal substance of the transactions contemplated by this Agreement are not affected in any manner adverse to any party.
Section 3.11    Entire Agreement.  This Agreement and the certificates, documents, instruments and writings, if any, that are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties in respect of its subject matters and supersedes all prior understandings, agreements, or representations by or among the parties, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. There are no third party beneficiaries having rights under or with respect to this Agreement.

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Section 3.12    Amendment.  This Agreement may be amended only by means of a written amendment signed by the Partnership and the Holders of a majority of the then outstanding Registrable Securities; provided, however, that no such amendment shall adversely affect the rights of any Holder hereunder without the consent of such Holder.
Section 3.13    No Presumption.  The parties have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any provision of this Agreement.
Section 3.14    Obligations Limited to Parties to this Agreement.  Each of the parties hereto covenants, agrees and acknowledges that no Person other than each Purchaser, its respective permitted assignees and the Partnership shall have any obligation hereunder and that, notwithstanding that one or more of the Partnership and the Purchaser may be a corporation, partnership, limited liability company or other entity, no recourse under this Agreement or under any documents or instruments delivered in connection herewith or therewith shall be had against any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Partnership, the Purchaser or their respective permitted assignees, or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise by incurred by any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Partnership, the Purchaser or any of their respective assignees, or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, as such, for any obligations of the Partnership, the Purchaser or their respective permitted assignees under this Agreement or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its creation, except in each case for any assignee of a Holder.
Section 3.15    Interpretation.  Article and Section references in this Agreement are references to the corresponding Article and Section to this Agreement, unless otherwise specified.  All references to instruments, documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and otherwise modified from time to time, unless otherwise specified.  The word “including” shall mean “including but not limited to.” Whenever any determination, consent or approval is to be made or given by the Partnership under this Agreement, such action shall be in the Partnership’s sole discretion unless otherwise specified.
[Signature Page Follows]

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[Signature Page to Registration Rights Agreement]    

IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date first above written.
	
				
	 
	 
	 
	 

	 
	 
	BLUEKNIGHT ENERGY PARTNERS, L.P.

	 
	 
	 
	 

	 
	 
	By:
	Blueknight Energy Partners G.P., L.L.C., 

	 
	 
	its general partner,

	 
	 
	 
	 

	 
	 
	By:
	/s/ Alex G. Stallings

	 
	 
	 
	Alex G. Stallings

	 
	 
	 
	Chief Financial Officer and Secretary  

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	ERGON ASPHALT & EMULSIONS, INC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ J. Baxter Burns, II

	 
	 
	Name:
	J. Baxter Burns, II

	 
	 
	Title:
	President

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	ERGON TERMINALING, INC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Robert H. Lampton

	 
	 
	Name:
	Robert H. Lampton

	 
	 
	Title:
	President

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	ERGON ASPHALT HOLDINGS, LLC

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Kathryn W. Stone

	 
	 
	Name:
	Kathryn W. Stone

	 
	 
	Title:
	Secretary

	 
	 
	 
	 

[Signature Page to Registration Rights Agreement]Exhibit

                                                                                                                                                                     Exhibit 10.1

*** Where this marking appears throughout this Exhibit 10.1, information has been omitted pursuant to a request for confidential treatment and such information has been filed with the Securities and Exchange Commission separately.

STORAGE, THROUGHPUT
AND HANDLING AGREEMENT NO.
This Storage, Throughput and Handling Agreement (“Agreement”) is entered into effective as of October 5, 2016, by and between BKEP Materials, L.L.C., a Texas limited liability company (“BKEP Materials”), BKEP Terminalling, L.L.C., a Texas limited liability company (“BKEP Terminalling”), BKEP Asphalt, L.L.C., a Texas limited liability company (“BKEP Asphalt” and together with BKEP Materials and BKEP Terminalling, “Owner”), and Ergon Asphalt & Emulsions, Inc., a Mississippi corporation (“Customer”). Each of Owner and Customer sometimes referred to individually as a “Party” and collectively as the “Parties”.
R E C I T A L S
WHEREAS, Owner operates certain asphalt terminals that are owned or leased by Owner; and
WHEREAS, Owner desires to provide certain services to Customer for Customer’s Product (as defined below) and Customer desires to receive said services 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 direct and indirect subsidiaries and parent entities shall not be deemed to be Affiliates of Customer’s parent company and its direct and indirect subsidiaries.
“Aggregate Operating Expenses” means all direct operating expenses incurred by Owner or its Affiliates with respect to the Terminals without duplication of any other expense reimbursed hereunder.
“Applicable Law” means (i) any law, statute, regulation, code, ordinance, license, decision, order, writ, injunction, decision, directive, judgment, policy, or decree of any Governmental Authority and any judicial or administrative interpretations thereof, (ii) any agreement, concession or arrangement with any Governmental Authority and (iii) any license, permit or compliance requirement by any Governmental Authority, in each case applicable to the Party at issue and as amended or modified from time to time.

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“Assumed OPEX” has the meaning assigned to such term in Section 3.2.
“Barrel” means 42 Gallons.
“BOL” has the meaning assigned to such term in Section 6.2(b).
“Commencement Date” has the meaning assigned to such term in Section 17.1.
“Confidential Information” has the meaning assigned to such term in Section 21.1.
“Contract Year” means a period of 365 consecutive days commencing on the Commencement Date and each successive period of 365 consecutive days during the Term of this Agreement with the exception of any Contract Year in which February has 29 days when the period will be 366 consecutive days.
“Contribution Agreement” means that certain Contribution Agreement dated as of July 19, 2016 by and among BKEP Terminal Holding, L.L.C., Customer, Ergon Terminaling, Inc., Ergon Asphalt Holdings, LLC and Blueknight Energy Partners, L.P.
“Customer Responsibility” means any action, omission or Liability constituting or arising out of the breach by Customer or its Affiliates of, or for which Customer or its Affiliates have any indemnification obligation under, (A) the Contribution Agreement, (B) the Secondment Agreement or (C) any other agreement executed in connection herewith or therewith (and expressly does not mean the performance of any services or obligation or responsibility for any condition for which Customer pays Owner Storage Fees hereunder, including the maintenance obligations in Section 11). 
“Disclosing Party” has the meaning assigned to such term in Section 21.1.
“EMR Costs” has the meaning assigned to such term in Section 11.2.
“EMR Estimate” has the meaning assigned to such term in Section 11.2.
“ERP System” has the meaning assigned to such term in Section 2.4(f).
“Excess EMR Fee” has the meaning assigned to such term in Section 11.2.
“Extraordinary Maintenance and Repair Costs” means the capitalized costs, calculated on a cumulative basis, from only the following items: repair or replacement of tank floors (to the extent it extends the life and/or capacity of the tanks), shells, insulation and roofs, including removing, demolishing, tearing down and disposing of any storage tank or other equipment deemed out of service or inoperable at the Commencement Date, heater replacement or heater repair (to the extent such heater repair exceeds $***), dock replacement or dock repair (to the extent such dock repair exceeds $***), rail spurs, water dredging, fall protection additions or replacement or any repair and maintenance requests specifically requested by Customer and deemed unnecessary by Owner. For purposes of clarification, costs for tank cleanings and inspections are specifically excluded from this definition.
“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 evacuation or 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 

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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, Governmental Authorities (either civil or military and whether legal or de facto or purporting to act under Applicable Law or otherwise), necessity for compliance with any court order, or any Applicable Law promulgated after the date hereof by a Governmental Authority having or asserting jurisdiction, embargoes or export or import restrictions, expropriation, requisition, confiscation or nationalization, (v) epidemics or quarantine, explosions, electric power shortages, (vi) breakage or accidents to equipment, machinery, plants, facilities, lines of pipe or trucks or vessels, which were not reasonably foreseeable and which were not within the control of the Party claiming suspension of its obligations under this Agreement pursuant to Section 12 and which by the exercise of reasonable due diligence such Party is unable to prevent or overcome, or (vii) 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 12 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 or Customer is claiming a suspension of its obligations under this Agreement pursuant to Section 12, any of the above listed events or circumstances will constitute an event of Force Majeure upon the first occurrence of the event or circumstance.
“Gallon” means a U.S. gallon of 231 cubic inches corrected to 60 degrees Fahrenheit.
“General Partner” means the general partner of Blueknight Energy Partners, L.P.
“Governmental Authority” means any foreign or U.S. federal, state, regional, local or municipal governmental body, agency, instrumentality, board, bureau, commission, department, court, 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 20.1. 
“Indemnifying Party” has the meaning assigned to such term in Section 20.1.
“Independent Inspector” means a licensed Person who performs sampling, quality analysis and quantity determination of the Product received or delivered.
“Initial Term” has the meaning indicated in Section 17.1.
“Interest Rate” means the one-Month London Interbank Offered Rate.
“Lease” has the meaning indicated in Section 2.1.
“Leased Facility” has the meaning indicated in Section 2.1.
“Lessor” has the meaning indicated in Section 2.1.

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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 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 Capacity Commitment” has the meaning indicated in Paragraph 3(a) of Attachment A.
“Month” means a calendar month.
“Out of Service Shell Barrel Fee Reduction” has the meaning assigned to such term in Section 4.6.
“Out of Service Storage Tank” has the meaning assigned to such term in Section 4.6.
“Owner Responsibility” means any action, omission or Liability constituting or arising out of the breach by Owner or its Affiliates of, or for which Owner or its Affiliates have any indemnification obligation under, (A) the Contribution Agreement, (B) the Secondment Agreement or (C) any other agreement executed in connection herewith or therewith.
“Per Barrel Storage Fee” has the meaning assigned to such term in Attachment A.
“Person” means any individual, firm, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization, Government Authority or any other entity.
“Product” means the particular products identified in Attachment B and the related raw materials incident thereto.
“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 Owner to use generally accepted terminalling practices 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, or clingage, (iv) Product measurement inaccuracies within tolerance acceptable under current industry practices (including by way of example, measurement tolerances of weigh scales, flow meters, and level indicators), or (v) any other loss for any reason whatsoever, provided that such loss pursuant to this clause (v) does not exceed 2% of Customer’s Product received by Owner at the Terminals. If Product Loss exceeds 2% of Customer’s Product received by Owner at the Terminals, Owner shall only be responsible for the amount in excess of 2%. 
“Receiving Party” has the meaning assigned to such term in Section 21.1. 
“Scheduling Notice” has the meaning assigned to such term in Section 4.3. 
“SDS” means a Safety Data Sheet.
“Services” has the meaning assigned to such term in Section 2.4.
“Specifications” means the Product provided by Customer pursuant to Attachment C and any additional specifications set forth in a Scheduling Notice.
“Storage Fee” has the meaning assigned to such term in Attachment A.

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“Storage Tanks” means those asphalt cement storage tanks listed on Attachment A that are 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 Section 17.2.
“Terminals” means the facilities set forth in Paragraph 7 of Attachment A, including the respective Storage Tanks.
“Third Party” means any entity other than Owner, Customer or their Affiliates. 
“Third Party Claim” has the meaning assigned to such term in Section 20.3. 
“Ton” means a U.S. short ton of 2,000 pounds.
Section 2.        Facilities, Services, Statements, Invoices, Documents and Records.   Subject to Terminal capabilities existing as of the Commencement Date:
2.1    Owner leases the facilities described on Attachment E (each, a “Leased Facility”), which remain subject to applicable lease agreements, which may be amended or revised from time to time (collectively referred to as the applicable “Lease”). The lessor under each applicable Lease is referred to herein as the “Lessor.”
2.2    Anything contained in any provision of this Agreement to the contrary notwithstanding, Customer agrees, with respect to any Leased Facility, to comply with and not to breach the Lease, and use commercially reasonable efforts to remedy any default in this Agreement that is Customer’s obligation to cure that results in a breach or default under a Lease, within the period allowed to Owner (as lessee) under the applicable Lease, even if such time period is shorter than the period otherwise allowed therein due to the fact that notice of default from Owner to Customer is given after the corresponding notice of default from Lessor to Owner. Owner agrees to forward to Customer, immediately upon receipt thereof by Owner, a copy of each notice of default received by Owner in its capacity as lessee under the applicable Lease. Customer agrees to forward to Owner, immediately upon receipt thereof, copies of any notices received by Customer from Lessor or from any Governmental Authorities with respect to a Leased Facility.
2.3    Owner agrees to provide storage and terminalling services to Customer at the Terminals, including providing a safe area for the purpose of loading or unloading Product and the provision of Storage Tanks for storage of Customer’s Product. Owner further agrees to provide terminal and related facilities required to safely perform all Services to be provided by Owner herein.  All such facilities are to be maintained by Owner in good working order at all times during the Term in accordance with the provisions herein.  
2.4    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 Terminals (collectively, the “Services”):
(a)    receive and unload all Product delivered, by or on behalf of Customer, to each Terminal from time to time during the Term of this Agreement;
(b)    load Product into tank trucks, rail cars, barges, or vessels, as directed by Customer;

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(c)    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 normally used at each Terminal as requested by Customer;
(d)    handle, process, manufacture and store Product in accordance with the instructions, formulations and Specifications provided by Customer, as such may be updated from time to time and agreed upon by the Parties;
(e)    prepare all tank or vessel gauging reports, bills of lading and other shipping papers and deliver copies thereof to Customer on a daily basis; and
(f)    keep records and accounts and make reports relating to Product received in storage, withdrawn from storage and loaded into vessels from each Terminal, with such reports being provided to Customer through the use of Customer’s enterprise resource planning system (“ERP System”) on a daily basis.
2.5    The Services will be performed in compliance with Applicable Law and in accordance with generally accepted terminalling practices. Owner may adapt its performance of the Services, although not to a standard less than commercially reasonable, in order (i) to be consistent with industry practices; (ii) to meet the requirements of Applicable Laws; or (iii) to achieve the efficient utilization of the Terminals and Storage Tanks. In no event shall Owner accept Product in excess of the storage capacity of the Storage Tanks at any Terminal.
2.6    Customer assumes full responsibility for informing Owner of the proper and safe means and methods of storing and handling Customer’s Product. Customer agrees to execute in its name, pay for, and furnish to Owner all information and documents, which may be required by any Governmental Authority having jurisdiction under Applicable Laws relating to the description, receipt, storage, handling or discharge of the Product, including, but not limited to, sludges, flushing materials or other portions, admixtures, components or residues of, at or from any Terminal of Owner. Customer shall be responsible for advising Owner in writing of any changes in such requirements prior to the date such changes take effect, as well as any revised information and documents required. Customer also agrees to provide Owner with further readily available information or advice upon request to assist Owner in performing its responsibilities for receipt, storage and redelivery of Product.
2.7    Customer acknowledges that it is responsible for the Specifications relating to the handling of any Product. Owner shall not be responsible for, and Customer shall indemnify and hold Owner harmless from and against, any Liability relating to handling instructions and Specifications provided by Customer or Owner’s failure to meet the Specifications provided by Customer if such failure is due to an act or omission of Customer.
2.8    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 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 12 Months 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. 

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2.9    Customer shall provide all requisite formulations and process recommendations for processing of Products that will conform to any applicable Specifications.  Owner shall manufacture and process Products in strict conformity with such formulations and process recommendations and in such volumes as may reasonably be requested by Customer.  Any additional testing required at request of Customer will be by mutual agreement.
2.10 Customer shall provide any and all assistance and documents deemed necessary by Owner to meet Owner’s internal audit requirements.
Section 3.    Fees, Charges, Taxes, Disputed Amounts.
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    At the end of the calendar year ending December 31, 2017, Owner shall calculate the Aggregate Operating Expenses incurred in the operation of the Terminals during that twelve month period ended December 31, 2017. If such Aggregate Operating Expenses exceed the product of $*** (“Assumed OPEX”) times ***, the Parties shall increase the applicable Per Barrel Storage Fees and the applicable Storage Fees by an amount necessary to increase the per annum aggregate Storage Fees payable hereunder by an amount equal to such excess (without duplication of any other expense reimbursed hereunder) for the remainder of the Term. If such Aggregate Operating Expenses are less than the product of the Assumed OPEX times ***, the Parties shall decrease the applicable Per Barrel Storage Fees and the applicable Storage Fees by an amount necessary to decrease the per annum aggregate Storage Fees payable hereunder by an amount equal to such shortfall for the remainder of the Term. Should any fees be adjusted negatively in an amount equal to or greater than $***, the foregoing adjustments shall be subject to review and approval by the Conflicts Committee of the board of directors of the General Partner. Should any fees be adjusted positively in an amount equal to or greater than $***, the foregoing adjustments shall be subject to review and approval by Customer’s board of directors.
3.3    All fees and charges reflected in Owner’s invoices are due and payable within 30 days of the date of receipt of Owner’s invoice. Payment must be made by electronic funds 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 facsimile. Payments that are not disputed and that are not made within the agreed or designated terms shall bear interest from the original due date at (i) the rate of 18% per annum or if this rate is prohibited by Applicable Law, then (ii) the highest rate allowed by Applicable Law. 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 Owner will accrue interest at the Interest Rate from the date that payment is due until paid in full and Customer will pay all of Owner’s reasonable, out-of-pocket costs (including reasonable attorneys’ fees and court costs) of collecting past due payments and late payment charges.
3.4    Customer will pay, and will indemnify and hold harmless Owner from and against, any and all sales, use, excise and similar taxes, fees or other charges and assessments imposed on the Services and the fees and charges therefore. Customer will also pay, and will indemnify and hold harmless Owner from and against, any ad valorem or property ownership taxes, if any, on Customer’s Product located at each Terminal 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 ad valorem and other property taxes on the Terminals and Storage Tanks themselves (but not on any Product stored on or in the Terminals and Storage Tanks). It is the intent of Owner and Customer that 

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the Services are being provided with respect to products being manufactured for sale in the ordinary course of business. Owner and Customer shall fully cooperate in providing documentation, exemption, or resale certificates required by applicable law to document and establish qualifications for any sales, use, or other transaction tax exemptions available with respect to the Services.
Section 4.    Operations, Receipts and Deliveries.
4.1    Receipts and deliveries of Product will be handled within the normal business hours of the applicable Terminal (subject to Section 12).  Except as required pursuant to Section 4.2, Section 8.1 or Section 20 of this Agreement, 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.
4.2    Owner shall make available to Customer existing loading docks and wharves serving the applicable Terminal. Access to the dock/loading facilities sometimes depends on the level of the adjacent waterway and the draft of the barges. Customer assumes the risks of access to the dock/loading facilities due to the foregoing, and is responsible for arranging for and bearing any costs associated with accessing the dock/loading facilities. Any demurrage for vessels utilized by Customer shall be at Customer’s sole expense, unless such demurrage is caused by Owner’s negligence or willful misconduct. Owner and Customer agree to use commercially reasonable efforts to attempt to minimize any demurrage that may be incurred by Customer in accordance with the foregoing.
4.3    Except as set forth in Section 2.4(a) and (b), Customer must arrange for and pay all Third Party costs related to the delivery of Customer’s Product to the applicable Terminal and from the Storage Tanks. Owner is not responsible for such Third Party costs except as otherwise specifically provided herein. Unless otherwise provided by Owner in writing, Customer must provide written 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 applicable Terminal (“Scheduling Notice”). The Parties shall reasonably coordinate with each other in advance with regard to scheduling of all Product movements and the in-bound quality, volume and grade, the times of delivery by each Terminal, and all material movement prior to shipment of all Product delivered to Owner hereunder. 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 Customer to receive such Scheduling Notice for the applicable Terminal with respect to such Product delivery.
4.4    Owner will deliver to Customer or to such Third Parties as Customer may direct, the Product held by Owner for the account of Customer. Customer is responsible for providing to Owner documentation required to authorize deliveries for or on its behalf from the applicable Terminal.
4.5    Owner will provide the Services to Customer only with respect to Product. Customer will have access to the Terminals 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 a change in the Product to another 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 

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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 installed by Owner remain the property of Owner.
4.6    Owner may take any Storage Tank out of service during the Term in order to perform scheduled inspections, maintenance or repairs.  If a Storage Tank is out of service for 30 days or less, Customer will be obligated to continue to pay the applicable Storage Fees during such 30 day period such Storage Tank is out of service.  If a Storage Tank is out of service for more than 30 days for any reason other than Force Majeure, a Customer Responsibility or due to negligence or willful misconduct of Customer, any of its Affiliates, or their employees, directors, officers, representatives, agents or contractors: (a) Owner, at Owner’s option and at Owner’s cost, may move Customer’s Product to substantially equivalent alternate tank(s) while the original Storage Tank is out of service, and Customer will continue to pay the applicable Storage Fees; or (b) after the 30 days that the Storage Tank is out of service (“Out of Service Storage Tank”), Customer’s obligation to pay the applicable Storage Fees will be reduced as provided herein to address the loss of capacity available (“Out of Service Shell Barrel Fee Reduction”).  The Out of Service Shell Barrel Fee Reduction per Month shall equal the applicable Per Barrel Storage Fee set out on Attachment A, multiplied by the total barrel capacity of the Out of Service Storage Tank(s) (prorated for any partial Month) (and, for avoidance of doubt, the Out of Service Shell Barrel Fee Reduction for a particular Out of Service Storage Tank shall be zero for each of the first 30 days such Out of Service Storage Tank is out of service).  The Out of Service Shell Barrel Fee Reduction shall be deducted from the applicable Storage Fees, calculated as a daily deduction.  This shall continue until the Out of Service Storage Tank is repaired and ready for service, or until substitute storage is provided, in an amount at least equal to that of the Out of Service Storage Tank.  In addition to the foregoing, to the extent a Storage Tank becomes unavailable as a result of an event other than Force Majeure, a Customer Responsibility or due to the negligence or willful misconduct of Customer and is not made available within 12 Months after the date on which such capacity became unavailable, and substitute storage is not provided to handle the volume of Product for which there is a documented unmet storage need, then Customer shall have the right to terminate, upon written notice to Owner, the portion of Services provided at the affected portion of the applicable Terminal with a proportional reduction of the applicable Storage Fees for the remainder of the Term.  In the event an Out of Service Storage Tank is a result of a Customer Responsibility or the negligence or willful misconduct of Customer, any of its Affiliates, or their employees, directors, officers, representatives, agents or contractors, there shall be no change to Customer’s obligation to pay the applicable Storage Fees.  Storage Tanks that are inactive on the Commencement Date, as shown on Attachment D, are not to be included in determining any Out of Service Shell Barrel Fee Reduction. Owner shall coordinate with Customer in scheduling inspections, maintenance or repairs contemplated by this Section 4.6 so as to minimize disruptions of Customer’s business and operations. The Parties shall act with commercially reasonable diligence to overcome or remedy any Customer Responsibility that results in an Out of Service Storage Tank and resume performance as quickly as possible.
4.7    If any Governmental Authority requires installation of any improvement, alteration or addition to any Terminal 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 charge Customer a reasonable service surcharge (which surcharge may include Owner’s cost of capital) in addition to the fees set out in Attachment A. Owner will notify Customer of (a) the cost of making any such improvement, alteration or addition, after Owner’s efforts to mitigate such costs, (b) when such improvement, alteration or addition must be completed and (c) Owner’s reasonable estimate of the service surcharge related to 

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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 applicable Terminal in such circumstance, unless Customer agrees to pay the surcharge.
(i)    If Customer elects, after commercially reasonable negotiation with Owner, not to pay the surcharge and 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 or leased by Owner or its Affiliates. If Customer elects not to pay the surcharge, and if Owner does not direct the Product to mutually acceptable alternate facilities, either Party may terminate this Agreement as to the applicable Terminal, with a corresponding reduction in the applicable Minimum Capacity Commitment and fees set out on Attachment A by giving the other Party notice of its intention no later than 30 days after Owner’s receipt of notice of Customer’s election not to pay the service surcharge.
(ii)    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 applicable Terminal. 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 applicable Terminal attributable to Customer’s use of such Terminal segment over a period to be reasonably agreed by Owner and Customer.  Customer may pay the surcharge in equal monthly installments over the remaining Term. In such a case, Owner will be entitled to include Owner’s cost of capital in the amount of the monthly installment. Within 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 and subsequent reasonable expenses, if any, of operating or maintaining such installation as reasonably determined by Owner.
4.8    Customer will be responsible for providing tank bottoms at each Terminal. At the end of the Term (or at the termination of this Agreement as to the applicable Terminal), Customer will be responsible for the removal of such tank bottoms, unless Owner agrees to purchase such tank bottoms from Customer.
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 (i) conform to the Specifications, (ii) comply with industry standards and (iii) comply with all Applicable Law. Owner may rely upon the Specifications and representations of Customer, if any, set forth in the Scheduling Notice as to Product quality. Owner will not be obligated to receive Product into any Terminal or Storage Tank that is contaminated or that otherwise fails to meet the Specifications, nor will Owner be obligated to accept Product that fails to meet Product grade, if any, set forth in the Scheduling Notice. Notwithstanding anything in this Section 5, but subject to Section 5.5, Customer may tender by or for the account of Customer for receipt into any Terminal or Storage Tank, Product that does not conform to the Specifications for blending with other Product that, following blending with the non-conforming Product, shall conform to any applicable Specifications. 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. Owner shall not remove or dispose of or otherwise treat the Product for any water or other material or containment without the prior approval of Customer.

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5.2    Owner may randomly test delivered Product to ensure it is not contaminated and otherwise meets the applicable Specifications. If Customer’s Product does not meet the Specifications or Owner has not received a prior written waiver for unloading said Product, Owner shall contact a representative of Customer before unloading Product at the applicable Terminal and shall not unload such Product without first obtaining Customer’s approval. Customer acknowledges and agrees that it shall be responsible for any reasonable delay costs (including, but not limited to, demurrage, transportation costs and energy costs) incurred by Owner for handling, re-delivering and/or waiting for Customer’s decision with respect to Product not meeting the Specifications. Customer understands it is responsible for all field performance issues related to any Product delivered by Customer to Owner and/or any Product delivered by Owner to Customer under this Agreement.
5.3    The quality of Product tendered into the Terminals 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 the minimum Product Specifications, as applicable. Such analysis may be conducted on a periodic basis in accordance with the applicable agency plan, changes to which shall be subject to the approval of Owner, which approval shall not be unreasonably withheld, conditioned or delayed. 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.
5.4    Each Party may at all reasonable times and without unreasonable disruption to the other Party’s operations conduct appropriate tests to determine whether Product meets the applicable Specifications. Owner will be liable to Customer for any Liability incurred by Customer by reason of contamination of Product occurring at any Terminal 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.
5.5    If, at any time during the Term, there is a material change in the Product, Specifications or Services hereunder that would result in a material increase in costs to Owner hereunder, then the Parties will use commercially reasonable efforts to modify this Agreement and/or the fees payable by Customer hereunder as necessary to reflect such cost increase on such terms as are mutually agreed by the Parties.
Section 6.    Title, Custody, Measurement and Custody of Product.
6.1    Title and Custody. Customer warrants that it shall hold clear title to the Product delivered to Owner pursuant to this Agreement. Title to the Product will remain with Customer at all times subject to any lien in favor of Owner created under Applicable Law. Owner shall have custody and risk of loss of Customer’s Product beginning when such Product passes the flange connection at the applicable Terminal between the delivering barge, vessel, tank truck or rail car and Owner’s receiving hose, if applicable, at the applicable Terminal and ending when Customer’s Product passes the last hard flange connection at the applicable Terminal into a barge, vessel, tank truck or rail car for delivery to Customer, its customers or its other designees.
6.2    Measurement at Receipt.
(a)    Barges/River Tows. With respect to Product received by Owner from Customer from a barge, the quantity of such Product shall be determined by gauging the receiving tanks containing such Products, immediately before and after the unloading. If Customer requests that such measurement be conducted by a Third Party, Customer shall be solely responsible for all costs associated with such measurement.

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(b)    Truck/Rail Cars. Owner will assume receipt of the volumes set forth on the designated bill of lading (“BOL”) of a delivery truck.  Owner will gauge rail cars to determine volumes received. Owner reserves the right, at its discretion, to randomly measure and/or meter (using commercially reasonable standards) the volume of Product actually delivered against the volume of Product set forth on the designated BOL of a delivering truck. Owner reserves the right to base receipt of volumes on such random measurement if it deems appropriate.
(c)    Measurement Standards.  All measurements shall be made in all respects in accordance with the applicable American Petroleum Institute standards, and all quantities, however measured, shall be (1) adjusted to volume equivalents at 60°F in accordance with Table No. 2 of the ASTM/IP Petroleum Measurements Tables D4311/4311M (as to asphalt and polymer-modified asphalt) and Table B-1 of the Asphalt Emulsions Manufacturers Association (as to asphalt emulsions), in each case as in effect at the time of the measurement, or other Tables as accepted by both Owner and Customer, and (2) converted into Tons on the basis of actual specific gravity at 60°F, in accordance with that same Table.
6.3    Measurement of Storage Quantities. The quantities of Product in storage at any time at each Terminal shall be determined by gauges of the Storage Tank(s) or by count at such Terminal. All gauging of the Storage Tank(s) and counts at each Terminal to measure Product in storage shall be taken by Owner’s personnel. Customer shall have the right to witness the gauging and counting or to provide an Independent Inspector to witness the gauging or counting.
6.4    Measurement at Delivery. Once Product has been loaded onto Customer’s designated transport for shipment out of the applicable Terminal, Owner will provide the transport driver a BOL on behalf of Customer, as Customer’s limited agent, indicating the quantity (by weight), Product type and the destination of the Product as determined by Customer and on a BOL form approved by or provided to Owner by Customer. The applicable Terminal will issue Customer’s BOL through Customer’s ERP System and such will be the official document verifying the quantity (by weight) of Product, delivered to Customer, or Customer’s designee, at the applicable Terminal. Each BOL shall name Customer as the Person delivering the goods for shipment and Customer will be the DOT shipper of record for all shipments out of the applicable Terminal. Customer shall be responsible for providing all SDS and related documentation to Owner and to Customer’s customers and carriers. Customer will make written notification of any discrepancies or exceptions to the information on any BOL within 20 days of the BOL date.
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. Owner may, in lieu of payment for Product Loss, replace such Product with Product of like grade and quality and reasonably acceptable to Customer.
7.2    EXCEPT FOR THE PARTIES’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, 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, DIMINUTION IN VALUE 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 

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THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
7.3    Notwithstanding anything herein to the contrary: (a) in no event will Owner be responsible or liable hereunder for any Customer Responsibility; and (b) in no event will Customer be responsible or liable hereunder for any Owner Responsibility.
Section 8.    Product Loss.
8.1    Customer shall be solely responsible for furnishing all asphalt and related raw materials used to process or manufacture any and all Products at the Terminals.
8.2    During such time as Owner has custody of the Product, Owner will indemnify Customer against, and is responsible for, any Product Loss that occurs while the Product is in Owner’s custody at the applicable Terminal or remains in the Storage Tanks. In the event of the foregoing Product Losses, the total quantity of net Product Loss at the termination of the Agreement will be determined within 30 days following the end of the Term, and Owner will reimburse Customer the cost of such Product on the determination date thereof. Other than pursuant to Section 20, Owner shall 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.
8.3    Each Month, Owner will use the measurement procedures set out in Section 6.3 to determine the amount of Product located at each Terminal.
Section 9.    Loading and Transporting Conditions.
9.1    Right to Reject Transport Vehicles and Refuse to Load/Transfer Under Unsafe Conditions. Owner reserves the sole right to reject any rail cars, trucks, transports, barges, vessels or containers presented for loading which Owner reasonably believes would present an unsafe or potentially unsafe situation or condition, and Owner reserves the right, in its sole discretion, to refuse to load goods under any condition Owner deems unsafe, which is caused by, including but not limited to, drivers, personnel, equipment, procedures and/or weather conditions.
9.2    Compliance with Owner’s Designated Policies and Procedures. Customer agrees that it, including its contractors, agents and employees, will comply with all of Owner’s safety regulations and rules when Customer or its contractors, agents or employees are on Owner’s premises or otherwise in connection with the performance of this Agreement.
9.3    Compliance with Hazmat Laws. Both Owner and Customer shall comply with all Applicable Laws relating to hazardous materials.
9.4    Accident Reporting and Emergency Response.
(a)    Product Release at Owner’s Terminals.
(i)    Reporting and Response Obligation. If a release of Customer’s Product occurs at any Terminal or from any Storage Tank, as between Owner and Customer, Owner shall make all release notifications and reports that are legally required and shall also provide Customer with written notice of such legally required release notifications and reports within three business days of making such notifications and reports. Further, as between Owner and Customer, Owner shall be responsible to perform any and all response actions required to address such releases on such Terminal.

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(ii)    Financial Responsibility. Owner shall be financially responsible for all releases occurring at any Terminal or from any Storage Tank with respect to Product in its custody; except that, to the extent a release of Product occurring on any Terminal while in Owner’s custody is caused by Customer, Customer shall indemnify Owner for all costs of response actions and remediation related thereto. Customer shall also indemnify Owner for all costs of response actions and remediation related to a release occurring at any Terminal if at the time of such release, the Product is in the custody of Customer; except that, to the extent such release is caused by Owner, Owner shall indemnify Customer for all costs of response actions and remediation related thereto. For purposes hereof, financial responsibility shall include responsibility for all Liabilities relating to environmental remediation and clean-up costs, and damages in connection with personal injuries, death or damage to property or the environment arising from or relating to the subject release.
(b)    Product Release Outside Owner’s Terminal.
(i)    Reporting and Response Obligation.    If a release occurs while Customer’s Product is any place other than at the Terminals or the Storage Tanks, as between Owner and Customer, Customer shall make all release notifications and reports that are legally required and shall provide Owner with written notice of such release notifications and reports within three business days of making such notifications and reports. Further, as between Owner and Customer, Customer shall be responsible for and shall clean up and take any and all response actions required to address all releases that occur while the Product is not on Owner’s Terminals.
(ii)    Financial Responsibility. Customer shall be financially responsible for all releases occurring at any place other than Owner’s Terminals or Storage Tanks; except that, to the extent a release of Product occurring outside of Owner’s Terminals is caused by Owner, Owner shall indemnify Customer for all costs of response actions and remediation related thereto. For purposes hereof, financial responsibility shall include responsibility for all Liabilities relating to environmental remediation and clean-up costs, and damages in connection with personal injuries, death or damage to property or the environment arising from or relating to the subject release.
Section 10.    Improvements.
10.1    Subject to (i) Owner’s written approval, which approval may relate to design, location, construction methods, and installation procedures and may be withheld in Owner’s sole discretion, and (ii) the terms, provisions, and conditions of this Agreement, Customer may construct or place at the Terminals, at Customer’s sole expense, improvements desired by Customer (“Customer Improvements”).  Such improvements, if permanently placed or affixed to the Terminals, shall become the property of Owner at termination of this Agreement, except as otherwise agreed to in writing by the Parties and when applicable, the Lessor.  Except as provided in the immediately preceding sentence, Customer shall be permitted at any time to remove or dispose of any Customer Improvement; provided, that Customer shall restore the applicable Terminals to the same condition that existed prior to the installation of such Customer Improvement. Customer shall not remove or dispose of any of the assets or improvements at the Terminals (other than Customer Improvements as provided in the immediately preceding sentence) without the prior written approval of Owner, which may be withheld in Owner’s sole discretion.  
10.2    Customer shall have the right to install and maintain signage at the Terminals at Customer’s sole cost and expense (including but not limited to construction costs, permits and licensing fees) and in conformity with all Applicable Laws and restrictive covenants; provided that such signage shall only provide information reasonably necessary to facilitate receipt and delivery of Customer’s 

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Product.  Upon the expiration or earlier termination of this Agreement, Customer shall remove all signage and restore the premises to their original condition at Customer’s sole cost and expense.
Section 11.    Maintenance.
11.1    Subject to the limitations set forth in this Section 11, Owner shall be responsible for the maintenance and repair of the Terminals. Owner will maintain and operate the Terminals in accordance with the equipment manufacturer’s standards and/or industry practices.  Owner shall retain liability for costs associated with adequacy of spill containment at the Terminals, except to the extent provided in Article 8 of the Contribution Agreement.
11.2    Notwithstanding anything to the contrary in this Section 11, if the cumulative amount of Extraordinary Maintenance and Repair Costs through the end of any calendar year (“EMR Costs”) exceeds the product of $*** and (a) the number of full years from the Commencement Date through the end of such calendar year plus (b) for any partial calendar year during the Term, a fraction with a numerator equal to the number of days of the Term during such partial calendar year and a denominator of 360 (“EMR Estimate”), Customer shall pay to Owner, as an additional storage and terminalling services fee (“Excess EMR Fee”), an amount equal to the greater of (i) the amount by which the EMR Costs exceed the EMR Estimate, minus all prior Excess EMR Fees previously paid under this Section 11.2, or (ii) zero.  If the EMR Costs are less than the EMR Estimate, Owner shall refund to Customer the lesser of (i) the amount by which the EMR Estimate exceeds EMR Costs or (ii) the amount of prior Excess EMR Fees previously paid by Customer under this Section 11.2 (but, for the avoidance of doubt, in no case shall the cumulative amounts payable by Owner to Customer under this sentence exceed the cumulative amount of Excess EMR Fees paid by Customer to Owner).  
For example, if the Commencement Date is July 1, 2016, and the EMR Costs through the end of calendar year 2018 were $***, and Excess EMR Fees of $*** were previously paid under this Section 11.2, then the Excess EMR Fee for 2018 would be $*** (i.e., $***- ($*** x 2.5 years) - $***). If the Commencement Date is July 1, 2016, the EMR Costs through the end of calendar year 2018 were $***, and Excess EMR Fees of $*** were previously paid under this Section 11.2, then, for 2018, Owner would refund $*** of the Excess EMR Fees previously paid by Customer (i.e., lesser of (x) ($*** x 2.5 years) - $*** or (y) $***). 
11.3    Owner shall obtain Customer’s prior written approval for all repair and maintenance costs expected to be used in calculating the Excess EMR Fee per individual repair or maintenance occurrence.  Owner may not make repairs on behalf of Customer without Customer’s prior written approval. 
11.4    Any payments due pursuant to Section 11.2 will be paid in a lump sum each Contract Year within 30 days of the determination thereof or, upon termination of this Agreement, within 30 days of such termination. 
Section 12.    Force Majeure.
12.1    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 or its resulting effects, 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, 

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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, that are directly affected by such Force Majeure event will be excused or proportionately reduced, on a daily basis, for so long as Owner’s performance is excused due to the event of Force Majeure.
12.2    The requirement that any Force Majeure event be remedied with commercially 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.
12.3    If a Party is rendered unable to perform by reason of an event of Force Majeure for a period in excess of 90 days, then the other Party may terminate this Agreement with respect to the portion of the applicable Terminal affected by such Force Majeure event upon written notice to the other Party. 
12.4    If Customer is unable to perform or is delayed in performing, wholly or in part, its obligations under this Agreement, as a result of an Owner Responsibility or its resulting effects, Customer may be excused from such performance by giving Owner prompt written notice of any event that is an Owner Responsibility with reasonably full particulars thereof.  If Owner is unable to perform or is delayed in performing, wholly or in part, its obligations under this Agreement, as a result of a Customer Responsibility or its resulting effects, Owner may be excused from such performance by giving Customer prompt written notice of any event that is a Customer Responsibility with reasonably full particulars thereof.   The obligations of the Party giving notice, so far as such obligations are affected by a Customer Responsibility or Owner Responsibility, as applicable, will be suspended during, but not longer than, the continuance of the event constituting or resulting from Customer Responsibility or Owner Responsibility, as applicable, beginning with the time that the event first occurs.
Section 13.    Inspection of and Access to Terminals.
13.1    Customer shall have the right, at Customer’s expense, 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 any Terminals or 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 any Terminal and stored in the Storage Tanks or at any Terminal. Customer’s right and that of its authorized representatives to inspect the Terminals 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 and will be subject to reasonable rules and regulations promulgated by Owner. Parties agree that any overpayments discovered and substantiated shall be paid within 30 days after written notice to the other Party from whom such payment is sought.
13.2    Customer acknowledges that any grant of the right of access to the Terminals 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 any Terminal or any part of it, and may be withdrawn by Owner at its discretion at any time.

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Section 14.    Assignment. 
No Party hereto may assign this Agreement, in whole or in part, except with the prior written approval of the other Party, which approval shall not be unreasonably withheld, delayed or conditioned; provided, however, that Owner may assign, without the prior written consent of Customer, part or all of its rights and obligations hereunder to one or more subsidiaries that are directly or indirectly wholly-owned by Owner or to any Person which purchases or is otherwise a successor in interest to Owner’s right, title and interest in any Terminal; provided, further, that Customer may (i) with the prior written consent of Owner (which shall not be unreasonably withheld), assign all of its rights and obligations hereunder to any Person which purchases or is otherwise a successor in interest to Customer, provided such Person assumes in writing the obligations of Customer under this Agreement, and (ii) assign in part only its right to receive the Services hereunder to any Person, (A) that is an Affiliate of Customer (without the prior written consent of Owner), or (B) that is not an Affiliate of Customer (with the prior written consent of Owner, which shall not be unreasonably withheld), provided that Customer shall act as the sole agent for any such Person described in this clause (ii) for all purposes under this Agreement, including making any representations and warranties of Customer on behalf of such Person and Owner shall have no recourse against such Person described in this clause (ii) and shall look solely to Customer for performance of the obligations of Customer hereunder.  No such assignment by Customer of its rights or obligations hereunder shall relieve Customer of any of its obligations hereunder, including payment obligations. 
Section 15.    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, (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, or (iv) email which shall be deemed duly given immediately if sent during normal business hours, or the next day if sent after business hours. 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 16.    Compliance with Law and Safety.
16.1    Customer warrants that the Product tendered by it has been and will be produced, transported and handled in full compliance with all Applicable Law. Owner warrants that the services provided by it under this Agreement are and will be 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.
16.2    Customer will furnish Owner with written information (including any applicable SDS) concerning the safety and health aspects of the Product received, terminalled or stored under this Agreement. Customer will make available such information to all Persons who request copies of such information, including without limitation, Owner’s agents and contractors.
Section 17.    Term and Termination. 
17.1    The initial term of this Agreement (the “Initial Term”) begins on ____________, 2016 (the “Commencement Date”), and continues for a period of seven Contract Years, unless extended as hereinafter provided. 

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17.2    At the end of the seventh Contract Year, this Agreement shall then continue on a year to year basis unless cancelled by either Party by delivering not less than 180 days’ notice to the other Party. The Initial Term and any such renewal term shall collectively be (the “Term”).
17.3    A Party may terminate this Agreement during the Term under the following circumstances:
(a)    Either Party fails to pay any sum owed by it to the other Party under this Agreement within 15 days of the delivery to the defaulting Party of a notice of default; provided, however, that neither Party shall have a right to terminate this Agreement under this Section 17.3(a) with respect to any disputed amounts that remain outstanding in accordance with Section 3.3 of this Agreement.
(b)    The Parties may terminate this Agreement by execution of a written agreement signed by authorized representatives of both Parties, in which event the termination shall be effective on the date specified in such agreement.
(c)    Either Party may terminate this Agreement in the event of a material breach of this Agreement (other than for failure of payment to which Section 17.3(a) shall apply) by the other Party upon not less than 30 days prior written notice to such defaulting Party unless such breach has been cured within 30 days from receipt by the defaulting Party of such notice.
(d)    Either Party may terminate this Agreement, in its entirety or with respect to a portion of the applicable Terminal only, in accordance with the provisions of Sections 4.6, 4.7, 12.3, or Section 26 of this Agreement.
17.4    Upon any termination of this Agreement, Customer shall arrange the removal of all Product from the applicable Terminal. Customer agrees to reimburse Owner for the actual costs of such removal, which shall include the expense of any necessary cleaning and restoration to their previous condition of the Terminals, plus a 10% administrative fee.
17.5    Each Party’s obligations under this Agreement shall end as of the effective date of its termination in accordance with this Agreement; provided, however, that each Party shall remain liable to the other hereunder with respect to (a) any obligations accruing under this Agreement prior to the effective date of such termination, including any indemnification obligations provided hereunder or (b) as otherwise provided in this Agreement. Notwithstanding anything in this Agreement to the contrary, Section 2.7, Section 2.8, Section 7, Section 8.2, Section 17.4, this Section 17.5, Section 20, Section 21, Section 23, Section 24 and Section 27 shall survive the expiration or termination of this Agreement.
Section 18.    Insurance. 
18.1    Customer’s Insurance. Customer, at its sole cost and expense, shall procure and maintain in full force and effect during the Term, the following types of insurance and in the amounts indicated:
(a)    Commercial General Liability Insurance: Such insurance shall include coverage for premises liability, personal & advertising injury, products and completed operations liability, property damage and contractual liability insurance. Coverage shall be on an “occurrence form” with limits of at least $5,000,000 per occurrence (use of primary and excess limits to achieve the total required limit is acceptable as long as all excess insurance follows form over the underlying). The policy(ies) shall be endorsed to name Owner as “additional insureds” and the coverages for the “additional insureds” shall be primary and non-

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contributory before any other insurance or self -insurance, including deductible, maintained by or provided to Owner. The policy(ies) shall also be endorsed to provide a waiver of subrogation in favor of Owner.
(b)    Automobile Liability Insurance: Applicable to all of Customer’s owned, leased, hired or non-owned vehicles with a combined single limit of at least $1,000,000 for any one loss. The policy shall be endorsed to name Owner as an “additional insured” and this coverage shall be primary and non-contributory before any other insurance or self-insurance, including any deductible, maintained by or provided to Owner. The policy shall also be endorsed to provide a waiver of subrogation in favor of Owner. If hauling Product, the policy shall be endorsed with broadened pollution coverage using ISO endorsements CA-99-48 and MCS-90.
18.2    Owner’s Insurance. Owner, at its sole cost and expense, shall procure and maintain in full force and effect during the term of this Agreement and any extensions thereto the following types of insurance and in the amounts indicated:
(a)    Commercial General Liability Insurance: Including coverage for premises liability, personal and advertising injury, products and completed operations liability, sudden and accidental pollution, property damage and contractual liability insurance. Coverage shall be on an “occurrence form” with limits of at least $5,000,000 per occurrence (use of primary and excess limits to achieve the total required limit is acceptable as long as all excess insurance follows form over the underlying). The policy(ies) shall be endorsed to name Customer as “additional insureds” and the coverages for the “additional insureds” shall be primary and non-contributory before any other insurance or self-insurance, including deductible, maintained by or provided to Customer. The policy(ies) shall also be endorsed to provide a waiver of subrogation in favor of Customer.
(b)    Terminal Operators’ Legal Liability Insurance: The limits of which shall be at least $5,000,000 per occurrence. The policy shall be endorsed to name Customer as “additional insureds” and this coverage shall be primary and non-contributory before any other insurance or self-insurance, including any deductible, maintained by the or provided to Customer.
(c)    Pollution Liability Insurance: The limits of which shall be at least $10,000,000 for each incident and aggregate, including coverage for Third Party Claims of bodily injury and property damage both on-site and off-site, arising out of or involving directly or indirectly work or services of Owner which is the subject of this Agreement. The policy shall be endorsed to name Customer as “additional insureds” and this coverage shall be primary and non-contributory before any other insurance or self-insurance, including any deductible, maintained by, or provided to, Customer.
18.3    Additional Insurance Requirements. With respect to the coverages required pursuant to Sections 18.1 and 18.2 above:
(a)    Each insurance policy must be maintained with an insurance company having an A.M. Best Financial Strength Rating of A-, VIII or higher.
(b)    Each Party shall cause the issuing insurance company to provide at least 30 days prior written notice to the other Party of any cancellation, non-renewal, or reduction in coverage, terms or limits, except that 10 days’ notice shall apply in the case of cancellation for nonpayment of premium.
(c)    No less than five business days prior to the start of any work or services performed for Customer or prior to the Commencement Date of this Agreement (whichever occurs first), each Party shall furnish to the other Party original certificates of insurance evidencing the insurance coverage required 

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of such Party pursuant to this Section 18. The certificates of insurance shall show the other Party as “certificate holder” and “additional insured” as required by the above insurance requirements using the specific wording indicated and showing the primary and non-contributing coverage. No later than the renewal date of any insurance policies required by this Agreement, each Party shall supply the other Party with new, original certificates of insurance in compliance with the terms of this Agreement.
Section 19.    Compliance. 
All Customer trucks, common carriers and other Third Parties used by Customer in accessing the Terminals will be required to meet Owner’s reasonable approval. Owner’s requirements for approval shall include meeting Owner’s insurance requirements and execution of a terminal access agreement provided by Owner. All Customer trucks, common carriers and other Third Parties used by Customer in accessing the Terminals will also be required to comply with all of Owner’s health, safety and environmental procedures in place at the applicable Terminal.
Section 20.    Indemnity.
20.1    Indemnity. Subject to Section 7, each Party (“Indemnifying Party”) shall indemnify, defend, 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) negligence or willful misconduct, or the negligence or willful misconduct of its Affiliates and their employees, directors, officers, representatives, and agents, 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, negligence or willful misconduct, or failure to comply with Applicable Law. In addition, Customer shall indemnify, defend, and hold Owner, its Affiliates, and their employees, directors, officers, representatives, and agents harmless from and against any and all Liabilities arising from the instructions and specifications for processing any Product provided in writing by Customer or the use of any Product by Customer or a Third Party, unless and to such extent that such Liability results from Owner’s breach of this Agreement, negligence, willful misconduct or failure to comply with Applicable Law.
20.2    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 be 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 their successors and permitted assigns, 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.
20.3    Notice. If any Indemnified Party receives notice of the assertion or commencement of any claim or proceeding made or brought by any Person who is not a Party to this Agreement or an Affiliate of a Party to this Agreement or a representative of the foregoing (a “Third Party Claim”), the Indemnified Party shall notify the Indemnifying Party as soon as practicable after receiving such 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.

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20.4    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 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 that are available to the Indemnified Party that are not available to the Indemnifying Party or (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.
20.5    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.
20.6    Contribution Agreement. The Contribution Agreement contains additional indemnity provisions. The indemnities contained in this Section 20 are in addition to and not in lieu of the indemnity provisions contained in the Contribution Agreement. Any indemnification obligation of Customer to the Indemnified Parties of Owner on the one hand, or Owner to the Indemnified Parties of Customer on the other hand, pursuant to this Section 20 shall be reduced by an amount equal to any indemnification actually recovered by such Indemnified Parties pursuant to the Contribution Agreement to the extent that such other indemnification recovery arises out of the same event or circumstance giving rise to the indemnification obligation of Customer or Owner, respectively.
Section 21.    Confidentiality. 
21.1    Confidential Information. The term “Confidential Information” means all nonpublic information, including technical information, trade or business secrets, or the like, disclosed by either Party to the other Party in carrying out the terms and purpose of this Agreement, either directly or indirectly, in writing, orally or by inspection of tangible objects (including without limitation written or printed documents, email correspondence and attachments, electronic files, and computer disks, whether machine or user readable). “Confidential Information” includes, without limitation, information relating to a Party’s research, development, trade secrets or business affairs that the Party treats as confidential. The Parties acknowledge and agree that any and all information regarding this Agreement, including without limitation the terms and conditions of this Agreement, shall be deemed to be Confidential Information. The term “Receiving Party” means a Party that receives Confidential Information of the other Party (“Disclosing Party”).
21.2    Restrictions on Disclosure. The Receiving Party shall maintain in confidence the Confidential Information so received and will not use such information, except to the extent permitted under this Agreement, to the detriment of the Disclosing Party, until such time as the Confidential Information so received enters the public domain other than by the act or omission of the Receiving Party. A Receiving Party shall limit disclosure of the Disclosing Party’s Confidential Information to those of its employees, subcontractors, attorneys, agents and consultants with a need to know the Confidential Information, subject to a nondisclosure obligation comparable in scope to this Section 21. Each Party 

21

shall protect the other Party’s Confidential Information using the same degree of care (but no less than a reasonable degree of care) that it uses to protect its own Confidential Information. The obligations imposed by this Section 21 shall be unlimited in duration; provided, however, that such obligations shall not apply to any Confidential Information that: (i) is or becomes publicly known through no fault of the Receiving Party; (ii) is developed independently by the Receiving Party prior to the date of disclosure; (iii) is rightfully obtained by the Receiving Party from a Third Party entitled to disclose the information without confidentiality restrictions or (iv) the disclosure of which is required by Applicable Law, regulation, a court or other Governmental Authority; provided, further, that for disclosure made pursuant to clause (iv), the Receiving Party shall promptly notify the Disclosing Party of the disclosure requirement prior to disclosure and cooperate with the Disclosing Party (at the latter’s expense and at its request) to resist or limit the disclosure.
21.3    Injunctive Relief. Receiving Party acknowledges and agrees that a breach or threatened breach of the confidentiality obligations set forth herein will result in immediate and irreparable damage to the Disclosing Party for which there is no adequate remedy at law, and, in such event, the Disclosing Party may seek appropriate injunctive relief, without the necessity of posting bond or other security. Disclosing Party’s pursuit of any remedy will not constitute a waiver of any other right or remedy available under this Agreement or under Applicable Law.
Section 22.    Terms of Applicable Lease.
22.1    As it relates to Leased Facilities, this Agreement is subject and subordinate to the Lease applicable to each Leased Facility. Subject to the modifications set forth in this Agreement, the terms of the applicable Lease are incorporated herein by reference.  Customer acknowledges that it has reviewed each applicable Lease and Customer further agrees that it will review any amendments or revisions thereto, when available, and will become familiar with the terms and conditions thereof. 
22.2    For the purposes of incorporation herein, the terms of each applicable Lease shall be subject to the following: 
(a)    Owner shall not be deemed or construed in any way to indemnify Customer for any breach of the applicable Lease by Lessor or other actions or omissions of Lessor.
(b)    Owner shall pay all rent due under the applicable Lease to Lessor during the Term and shall not otherwise default under the applicable Lease. 
Section 23.    [Reserved.]
Section 24.    [Reserved.]
Section 25.    [Reserved.] 
Section 26.    Termination of the Applicable Lease. 
The use of the Leased Facility is subject to the validity and enforceability of the applicable Lease. If for any reason the term of the applicable Lease for a specific Leased Facility shall terminate prior to the expiration or termination of the Term, this Agreement shall, with respect to the specific Leased Facility involved, automatically terminate, and Owner shall not be liable to Customer by reason thereof unless said termination shall have been caused by the default of Owner under the applicable Lease, and said Owner’s default was not as a result of a Customer default hereunder. Owner shall not voluntarily terminate an applicable 

22

Lease without Customer’s prior written consent, and shall consult with Customer with respect to any renewals of the applicable Lease.
Section 27.    Miscellaneous. 
27.1    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.
27.2    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; provided that Customer may, subject to Section 5.5, amend and restate Attachment B at any time to add additional Products to the Facilities, and such amended and restated Attachment B shall replace the prior Attachment B and be incorporated by reference into this Agreement for all purposes. No waiver or failure of enforcement by any Party of any default by any other Party in the performance of any provision, condition or requirement herein shall be deemed to be a waiver of, or in any manner a release of the defaulting Party from, performance of any other provision, condition or requirement herein, nor deemed to be a waiver of, or in any manner a release of the defaulting Party from, future performance of the same provision, condition or requirement; nor shall any delay or omission of any non-defaulting Party to exercise any right hereunder in any manner impair the exercise of any such right or any like right accruing to it thereafter.
27.3    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.
27.4    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.
27.5    Governing Law and Jurisdiction. 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. Exclusive jurisdiction and venue is agreed to be the state or federal courts within the State of Oklahoma. The Parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.
27.6    Counterparts. This Agreement may be executed in any number of counterparts each of which, when so executed and delivered (including by facsimile or electronic mail transmission), will be deemed original but all of which together will constitute one and the same instrument.
27.7    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 

23

to do, or cause to be done, all things necessary under applicable laws and regulations to consummate the transactions contemplated by this Agreement.
27.8    Independent Contractor. In performing services pursuant to this Agreement, Owner is acting solely as an independent contractor maintaining complete control over its employees and operations. Neither Party is authorized to take any action in any way whatsoever on behalf of the other, except as specified in this Agreement, or in subsequent written agreements between the Parties.
27.9    No Third-Party Beneficiaries. Except as provided in Section 20, 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 Blueknight 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.
27.10    No Strict Construction. The Parties to this Agreement have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises with respect to this Agreement, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring a Party by virtue of the authorship of any of the provisions of this Agreement.
[Signature page follows.]

24

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

	 
	 
	 
	 

	 
	 
	BKEP MATERIALS, L.L.C.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Mark A. Hurley

	 
	 
	Name:
	Mark A. Hurley

	 
	 
	Title:
	CEO

	 
	 
	Date Signed:
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	BKEP ASPHALT, L.L.C.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Mark A. Hurley

	 
	 
	Name:
	Mark A. Hurley

	 
	 
	Title:
	CEO

	 
	 
	Date Signed:
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	BKEP TERMINALLING, L.L.C.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Mark A. Hurley

	 
	 
	Name:
	Mark A. Hurley

	 
	 
	Title:
	CEO

	 
	 
	Date Signed:
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	CUSTOMER:

	 
	 
	 
	 

	 
	 
	ERGON ASPHALT & EMULSIONS, INC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ J. Baxter Burns, II

	 
	 
	Name:
	J. Baxter Burns, II

	 
	 
	Title:
	President

	 
	 
	Date Signed:
	October 5, 2016

ATTACHMENT A

1.     Customer Notice Address

Ergon Asphalt & Emulsions, Inc. 
Post Office Drawer 1639 (39215-1639) (Mailing)
2829 Lakeland Drive        (Physical)
Jackson, Mississippi  39232 
Attn:  Mr. J. Baxter Burns, II, President
Telephone: (601) 933-3000
Facsimile:  (601) 933- 3350

with a copy to:

Watson Heidelberg Jones PLLC
P. O. Box 23546
Jackson, MS 39225
Attention: J. Kevin Watson
Facsimile: (601) 932-4400
Email: kwatson@whjpllc.com

Customer Billing Address

Ergon Asphalt & Emulsions, Inc. 
Post Office Drawer 1639 (39215-1639) (Mailing)
2829 Lakeland Drive        (Physical)
Jackson, Mississippi  39232 
Attn:  Mr. J. Baxter Burns, II, President
Telephone: (601) 933-3000
Facsimile:  (601) 933- 3350

2.     Owner Notice Address

c/o BKEP Materials, L.L.C.
Attn: Chief Operating Officer
6060 American Plaza Suite 600
Tulsa, Oklahoma 74135
Facsimile: (918) 237-4000
Email: jspeer@bkep.com

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

		
	(a)
	Storage Fees:

Beginning on the Commencement Date and continuing thereafter through the Term, Customer shall pay for services hereunder a monthly fee (“Storage Fee”) for each Terminal equal to the product of a minimum monthly commitment for such Terminal (“Minimum Capacity Commitment”), as set forth below, multiplied by a per barrel storage fee for such Terminal (“Per Barrel Storage Fee”), as set forth below, as modified below or as further modified by application of Sections 4.6 or 12.1 of the Agreement. 

A-1

	
											
	 
	Nashville, TN Terminal
	Memphis, TN Terminal
	Birmingport, AL Terminal
	Yellow Creek, MS Terminal
	Pleasanton, TX Terminal
	Mount Pleasant, TX Terminal
	Ennis, TX Terminal
	Chandler, AZ Terminal
	Wolcott, KS Terminal
	Total

	Storage Fee
	$***
	$***
	$***
	$***
	$***
	$***
	$***
	$***
	$***
	$***

	Minimum Capacity Commitment
	***
	***
	***
	***
	***
	***
	***
	***
	***
	***

	Per Barrel Storage Fee
	$***
	$***
	$***
	$***
	$***
	$***
	$***
	$***
	$***
	$***

Should the initial Month under this Agreement be less than a full calendar month, the applicable Storage Fee under this Section 3(a) for that Month shall be prorated to reflect the number of days in such month on which this Agreement was in effect.
 
(b)    Reimbursement of Energy Costs:
Customer shall reimburse Owner, without markup, for all energy costs, including, without limitation, electricity, fuel oil and natural gas (but expressly excluding steam) attributable to the Services provided by Owner at the Facilities. Customer shall only be responsible for energy costs used by Customer at the Facilities.  Energy costs will be based upon usage as determined by metering equipment that serves each of the Facilities. In the event Owner has other tenants or its own operations at the Facility, Owner will charge Customer only for energy costs used by Customer for services hereunder. If, in the case of other operations at the Facility, in Owner’s reasonable opinion it is reasonably economically and technically possible to do so, Owner shall install separate meter(s) for the Facilities, and if not, then charges will be based on a mutually agreeable allocation of energy costs. Energy costs will be invoiced monthly for the prior Month’s energy usage.
		
	4.
	Fee Adjustment

No adjustment shall be made for a period of five Contract Years. Thereafter, all fees will escalate every January 1st thereafter such that the prior year fee is multiplied by ***% of the percentage change, if any, in the Consumer Price Index - All Urban Consumers - all items less food and energy (U.S. city average base 1982-84 = 100) (“CPI”), as published by the Bureau of Labor Statistics of the United States Department of Labor, for the last two calendar years for which data is available based on the average of the monthly CPI data for November to October of the most current year available compared to the same months of the prior year (“CPI Adjustment”). In no event shall any of the fees de-escalate.

Following the initial Contract Year, adjustments may also be made as provided in Section 3.2 of the Agreement.

		
	5.
	Invoices

Customer shall pay the applicable Storage Fee in advance no later than the first day of each Month.  Owner shall invoice Customer in arrears for all other fees on a monthly basis or upon the expiration of a calendar year, as applicable.  All invoices shall be paid in accordance with Section 3.3 of the Agreement.  Excess maintenance fees (or credits) will be billed as set forth in Section 11 of the Agreement.

A-2

		
	6.
	Operating Hours

The operating hours of the Facilities shall initially be consistent with past practice prior to the Commencement Date, subject to seasonal fluctuations and with such changes as agreed by Owner and Customer.

		
	7.
	Facilities

“Facilities” means the asphalt storage tanks, asphalt processing and related equipment, docks and buildings of Owner located at the following locations, including such other assets of Owner located within the terminal fence.

		
	·
	List of nine Facilities here

	
			
	Location
	State
	Type

	Wolcott
	KS
	Asphalt

	Ennis
	TX
	Asphalt

	Chandler
	AZ
	Asphalt/
Emulsion

	Mt. Pleasant
	TX
	Emulsion

	Pleasanton
	TX
	Emulsion

	Birmingport
	AL
	Asphalt/
Polymer/
Emulsion

	Memphis
	TN
	Asphalt/
Polymer/
Emulsion

	Nashville
	TN
	Asphalt/
Polymer

	Yellow Creek
	MS
	Asphalt

A-3

ATTACHMENT B

Products

Products by Location:

Facility - Wolcott KS

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	150 PEN
	 
	 
	 

	PG58-22
	 
	 
	 

	PG58-28
	 
	 
	 

	PG58-28W
	 
	 
	 

	PG64-22
	 
	 
	 

	PG64-22W
	 
	 
	 

Facility - Ennis TX

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	100 PEN
	 
	 
	 

	20 PEN/PDA
	 
	 
	 

	AC-20
	 
	 
	 

	ASPHALT RESIN
	 
	 
	 

	COATING ASPHALT
	 
	 
	 

	EXTRA STEEP ASPHALT
	 
	 
	 

	PDA BTTMS
	 
	 
	 

	PG64-22
	 
	 
	 

	SATURANT
	 
	 
	 

	SHINGLE ADHESIVE
	 
	 
	 

	STEEP ASPHALT
	 
	 
	 

	TARGET ASPHALT 270
	 
	 
	 

Facility - Chandler AZ

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	PG58-22
	MC-250
	CHFRS-2P
	 

	PG58-28
	MC-70
	CMS-1P
	 

	PG58-28/PG58-22
	MC-800
	CMS-1PC
	 

	PG64-22
	 
	CMS-1PF
	 

	PG64-22/64-16
	 
	CMS-1PF 50/50
	 

	PG64-28
	 
	CMS-1PS
	 

	PG64-28 CHANDLER
	 
	COHEREX
	 

	PG70-10
	 
	CQS DILUTE
	 

	PG70-16
	 
	CQS-1H
	 

	PG70-22
	 
	CQS-1H (3% 243)
	 

	PG70-22 CHANDLER
	 
	CQS-1H 50/50
	 

	PG76-10
	 
	CQS-1HL 3.0L
	 

B-1

	
				
	PG76-16
	 
	CQS-1HLM
	 

	SJR AR-4000/PG64-10
	 
	CQS-1HLM 2% 50/50
	 

	STY 203
	 
	CQS-1HLM 50/50
	 

	 
	 
	CQS-1HP
	 

	 
	 
	CQS-1HP 3% SBS
	 

	 
	 
	CQS-1HP 4% SBS
	 

	 
	 
	CQS-1HP/MSE
	 

	 
	 
	CQS-FS
	 

	 
	 
	CQS-FSR
	 

	 
	 
	CQS-FSR 50/50
	 

	 
	 
	CQS-LM
	 

	 
	 
	CQS-LM 60/40
	 

	 
	 
	CQS-LM/CQS-P/CSS-P
	 

	 
	 
	CQS-LMQ
	 

	 
	 
	CQS-LMX
	 

	 
	 
	CQS-LMX 60/40
	 

	 
	 
	CQS-P
	 

	 
	 
	CQS/CSS-1H
	 

	 
	 
	CRS-2
	 

	 
	 
	CRS-2LM 3%
	 

	 
	 
	CRS-2LM/CRS-2P
	 

	 
	 
	CRS-2P
	 

	 
	 
	CSS DILUTE
	 

	 
	 
	CSS-1
	 

	 
	 
	CSS-1 50/50
	 

	 
	 
	CSS-1H
	 

	 
	 
	CSS-1H 40/60
	 

	 
	 
	CSS-1H 50-50
	 

	 
	 
	CSS-1HP
	 

	 
	 
	EE-1
	 

	 
	 
	ERA 
	 

	 
	 
	ERA-1 
	 

	 
	 
	ERA-25
	 

	 
	 
	ERA-25 50/50
	 

	 
	 
	ERA-75
	 

	 
	 
	HFE300P
	 

	 
	 
	LMCQS-1H
	 

	 
	 
	LMCRS-2 (3%)
	 

	 
	 
	MSE
	 

	 
	 
	MSE-CR
	 

	 
	 
	PASS-CR
	 

	 
	 
	PLASTIC SEAL
	 

	 
	 
	PLASTIC SEAL DILUTE
	 

	 
	 
	PLASTIC SEAL II
	 

	 
	 
	PMCQS
	 

	 
	 
	PMPE
	 

	 
	 
	PMPE 50/50
	 

	 
	 
	QPR BLEND
	 

	 
	 
	QPR BLEND NO VOC
	 

	 
	 
	QPR-A2V
	 

B-2

	
				
	 
	 
	SS-1 DILUTE
	 

	 
	 
	SS-1H 50/50
	 

	 
	 
	SS-1H/QSH
	 

	 
	 
	UPM BLEND
	 

	 
	 
	WATER BLENDING
	 

Facility - Mt. Pleasant TX

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	 
	MC-30
	AE-P
	 

	 
	 
	AES-300
	 

	 
	 
	ARA
	 

	 
	 
	CBC-1
	 

	 
	 
	CBC-1H
	 

	 
	 
	CBS-MS-1S
	 

	 
	 
	CHFRS-2P
	 

	 
	 
	CMS-1P
	 

	 
	 
	CMS-1P 50/50
	 

	 
	 
	CMS-1P CR
	 

	 
	 
	CMS-1P QB
	 

	 
	 
	CMS-1PF
	 

	 
	 
	CMS-1PF 50/50
	 

	 
	 
	CMS-2
	 

	 
	 
	CMS-2S
	 

	 
	 
	CPC-1
	 

	 
	 
	CPME
	 

	 
	 
	CQS-1F
	 

	 
	 
	CQS-1H
	 

	 
	 
	CQS-1HLM
	 

	 
	 
	CQS-1HT
	 

	 
	 
	CRS-1P
	 

	 
	 
	CRS-2
	 

	 
	 
	CRS-2(SPG67-22)
	 

	 
	 
	CRS-2H
	 

	 
	 
	CRS-2H+
	 

	 
	 
	CRS-2HP
	 

	 
	 
	CRS-2L
	 

	 
	 
	CRS-2P
	 

	 
	 
	CRS-2P PLUS
	 

	 
	 
	CRS-2S
	 

	 
	 
	CRS-2H
	 

	 
	 
	CSS-1 30/70
	 

	 
	 
	CSS-1 40/60
	 

	 
	 
	CRS-1P
	 

	 
	 
	CSS-1 60/40
	 

	 
	 
	CSS-1 70/30
	 

	 
	 
	CSS-1 80/20
	 

	 
	 
	CSS-1FS
	 

	 
	 
	CSS-1H
	 

B-3

	
				
	 
	 
	CSS-1H 30/70
	 

	 
	 
	CSS-1H 40/60
	 

	 
	 
	CSS-1H 50-50
	 

	 
	 
	CSS-1H 60/40
	 

	 
	 
	CSS-1H 70/30
	 

	 
	 
	CSS-1H 80/20
	 

	 
	 
	CSS-1HP
	 

	 
	 
	CSS-1P
	 

	 
	 
	CSS-1R
	 

	 
	 
	CSS-1S
	 

	 
	 
	EBL
	 

	 
	 
	EE-1
	 

	 
	 
	ERA-1P
	 

	 
	 
	ETR-1
	 

	 
	 
	HFRS-2
	 

	 
	 
	HFRS-2P
	 

	 
	 
	MS-2
	 

	 
	 
	MS-2 30/70
	 

	 
	 
	MS-2 40/60
	 

	 
	 
	MS-2 50/50
	 

	 
	 
	NBCP
	 

	 
	 
	NOVABOND CP
	 

	 
	 
	PASS-CR
	 

	 
	 
	RM-90
	 

	 
	 
	SS-1
	 

	 
	 
	SS-1 30/70
	 

	 
	 
	SS-1 40/60
	 

	 
	 
	SS-1 50/50
	 

	 
	 
	SS-1 70/30
	 

	 
	 
	SS-1H
	 

	 
	 
	WATER BLENDING
	 

Facility - Pleasanton TX

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	 
	MC-30
	AE-P
	 

	 
	 
	AE-P 30/70
	 

	 
	 
	AE-P 40/60
	 

	 
	 
	AE-P 50/50
	 

	 
	 
	AE-P 60/40
	 

	 
	 
	AE-P 70/30
	 

	 
	 
	AE-P 80/20
	 

	 
	 
	AES-300
	 

	 
	 
	ARA-1P
	 

	 
	 
	CBC-1
	 

	 
	 
	CBC-1H
	 

	 
	 
	CBC-1LR
	 

	 
	 
	CBS-MS-1S
	 

B-4

	
				
	 
	 
	CHFRS-2P
	 

	 
	 
	CIR-EE
	 

	 
	 
	CMS-1P
	 

	 
	 
	CMS-1P 50/50
	 

	 
	 
	CMS-1P CR
	 

	 
	 
	CMS-1PF
	 

	 
	 
	CMS-2
	 

	 
	 
	CMS-2P
	 

	 
	 
	CPME
	 

	 
	 
	CQS-1H
	 

	 
	 
	CQS-1HLM
	 

	 
	 
	CQS-1HT
	 

	 
	 
	CRS-1P
	 

	 
	 
	CRS-2
	 

	 
	 
	CRS-2H
	 

	 
	 
	CRS-2P
	 

	 
	 
	CRS-2P PLUS
	 

	 
	 
	CSS-1
	 

	 
	 
	CSS-1 30/70
	 

	 
	 
	CSS-1H
	 

	 
	 
	CSS-1H 30/70
	 

	 
	 
	CSS-1H 40/60
	 

	 
	 
	CSS-1H 50-50
	 

	 
	 
	CSS-1H 60/40
	 

	 
	 
	CSS-1H 70/30
	 

	 
	 
	CSS-1H 80/20
	 

	 
	 
	CSS-1P
	 

	 
	 
	EBL
	 

	 
	 
	EE-1
	 

	 
	 
	ERA-1P
	 

	 
	 
	HFRS-2
	 

	 
	 
	HFRS-2P
	 

	 
	 
	MS-2
	 

	 
	 
	MS-2 40/60
	 

	 
	 
	NBCP
	 

	 
	 
	RS-2
	 

	 
	 
	SS-1
	 

	 
	 
	SS-1 30/70
	 

	 
	 
	SS-1 50/50
	 

	 
	 
	SS-1 70/30
	 

	 
	 
	SS-1H
	 

	 
	 
	WATER BLENDING
	 

B-5

Facility - Birmingport AL

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	150 PEN
	MC-30
	AE-P
	PG70-22

	FLUX
	MC-70
	CBC-1H
	PG76-22

	PG58-22
	 
	CFB-1MS
	PG76-22W

	PG64-22
	 
	CHFRS-2P
	PG82-22

	PG64-22P
	 
	CPME
	PG82-22W

	PG67-22
	 
	CQS-1H
	 

	PG67-22W
	 
	CQS-1HP
	 

	ROOFING FLUX
	 
	CQS-1HPT
	 

	 
	 
	CRS-1H
	 

	 
	 
	CRS-1HBC
	 

	 
	 
	CRS-2
	 

	 
	 
	CRS-2H
	 

	 
	 
	CRS-2HP
	 

	 
	 
	CRS-2P
	 

	 
	 
	CSS-1
	 

	 
	 
	CSS-1 30/70
	 

	 
	 
	CSS-1 50/50
	 

	 
	 
	CSS-1H
	 

	 
	 
	CSS-1HP
	 

	 
	 
	CSS-1R
	 

	 
	 
	NS-1A
	 

	 
	 
	RS-2
	 

	 
	 
	SS-1
	 

	 
	 
	WATER BLENDING
	 

Facility - Memphis TN

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	150 PEN
	MC-250
	AE-3
	10% CONCENTRATE

	150-200 PEN
	MC-30
	AE-3 MODIFIED
	13% CONCENTRATE

	PG58-22
	MC-70
	AE-P
	34556

	PG58-28 PMA
	MC-800
	ARA-3P
	34559

	PG64-22
	 
	CAE-P
	34569

	PG64-22W
	 
	CBC-1
	MAC/PG70-22

	PG67-22
	 
	CBC-1H
	PG67-28

	PG67-22W
	 
	CBC-1LR
	PG70-22

	 
	 
	CHFRS-2P
	PG70-22M

	 
	 
	CHPF-1
	PG70-22W

	 
	 
	CHPF-1 50/50
	PG76-22

	 
	 
	CHPF-1 80/20
	PG76-22E

	 
	 
	CMS-1P
	PG76-22W

	 
	 
	CMS-1P 50/50
	PG76-28

	 
	 
	CMS-1P CR
	PG76-28E

	 
	 
	CMS-1P QB
	PG82-22

	 
	 
	CMS-1P QB 50/50
	STY 203

B-6

	
				
	 
	 
	CMS-1P QB-D
	STY 206

	 
	 
	CMS-1PC
	SUPER CON 7

	 
	 
	CMS-1PF
	SUPER CON 8

	 
	 
	CMS-1PF 50/50
	 

	 
	 
	CMS-1PS
	 

	 
	 
	CMS-1PS 50/50
	 

	 
	 
	CPME
	 

	 
	 
	CPP-1
	 

	 
	 
	CQS-1H
	 

	 
	 
	CQS-1H 50/50
	 

	 
	 
	CRS-1
	 

	 
	 
	CRS-1P
	 

	 
	 
	CRS-2
	 

	 
	 
	CRS-2H
	 

	 
	 
	CRS-2L
	 

	 
	 
	CRS-2P
	 

	 
	 
	CSS-1
	 

	 
	 
	CSS-1 50/50
	 

	 
	 
	CSS-1 80/20
	 

	 
	 
	CSS-1DC
	 

	 
	 
	CSS-1FS
	 

	 
	 
	CSS-1H
	 

	 
	 
	CSS-1H 50-50
	 

	 
	 
	CSS-1H 80/20
	 

	 
	 
	CSS-1HFS
	 

	 
	 
	CSS-1HLM
	 

	 
	 
	CSS-1HP
	 

	 
	 
	EA-1
	 

	 
	 
	NS-1A
	 

	 
	 
	PASS-CR
	 

	 
	 
	QPR BLEND
	 

	 
	 
	QPR BLEND NO VOC
	 

	 
	 
	RM-90
	 

	 
	 
	RS-2
	 

	 
	 
	SS-1
	 

	 
	 
	SS-1H
	 

	 
	 
	SSUV-H
	 

	 
	 
	SSUV-S
	 

	 
	 
	TTT-2
	 

	 
	 
	UPM BLEND
	 

	 
	 
	WATER BLENDING
	 

B-7

Facility - Nashville TN

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	PG64-22
	 
	 
	MAC/PG70-22

	PG64-22W
	 
	 
	PG70-22

	 
	 
	 
	PG70-22W

	 
	 
	 
	PG76-22

	 
	 
	 
	PG76-22W

	 
	 
	 
	PG82-22

Facility - Yellow Creek MS

	
				
	Asphalt Products
	Cutback Products
	Emulsion Products
	Polymer Products

	150 PEN
	 
	 
	 

	PG58-22
	 
	 
	 

	PG64-22
	 
	 
	 

	PG64-22W
	 
	 
	 

	PG67-22
	 
	 
	 

	PG67-22W
	 
	 
	 

B-8

ATTACHMENT C

Formulations

Formulations will be supplied by Customer.  Owner and Customer agree that the quality control programs and state agency plans in effect on the Commencement Date will be utilized in the blending and processing of Products at the Facilities. Customer will have the right from time to time at its discretion to modify the quality control programs and state agency plans to meet its needs, to the extent such modifications are consistent with the capabilities and available equipment at the Facilities. If any Product produced hereunder fails to meet the specifications provided by Customer pursuant to this Attachment C, Owner shall cease shipment of such Product and await further instructions from Customer regarding such non-conformity.

EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT, OWNER MAKES NO OTHER WARRANTY, EXPRESSED OR IMPLIED, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

    

C-1

ATTACHMENT D

Facility - Wolcott KS

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Wolcott, KS
	7701
	                 9,996 
	                          238 
	Active

	Wolcott, KS
	7702
	                 9,996 
	                          238 
	Active

	Wolcott, KS
	7703
	         1,504,818 
	                    35,829 
	Active

	Wolcott, KS
	7704
	         1,426,530 
	                    33,965 
	Active

	Wolcott, KS
	7705
	             100,842 
	                      2,401 
	Inactive

	Wolcott, KS
	7706
	             167,916 
	                      3,998 
	Active

	Wolcott, KS
	7707
	             145,446 
	                      3,463 
	Active

	Wolcott, KS
	7708
	             169,176 
	                      4,028 
	Active

	Wolcott, KS
	7710
	             209,958 
	                      4,999 
	Active

	Wolcott, KS
	7711
	         3,132,822 
	                    74,591 
	Active

	Wolcott, KS
	7717
	             210,966 
	                      5,023 
	Inactive

	Total:
	 
	 
	168,773
	 

D-1

Facility - Ennis TX

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Ennis, TX
	1
	               41,622 
	              991 
	Active

	Ennis, TX
	2
	               33,054 
	              787 
	Active

	Ennis, TX
	3
	               26,376 
	              628 
	Active

	Ennis, TX
	4
	               40,194 
	              957 
	Active

	Ennis, TX
	5
	               42,000 
	          1,000 
	Active

	Ennis, TX
	100
	             116,172 
	          2,766 
	Active

	Ennis, TX
	201
	             217,560 
	          5,180 
	Active

	Ennis, TX
	202
	             217,560 
	          5,180 
	Active

	Ennis, TX
	401
	         1,054,956 
	        25,118 
	Active

	Ennis, TX
	402
	         1,054,956 
	        25,118 
	Active

	Ennis, TX
	403
	         1,058,736 
	        25,208 
	Active

	Ennis, TX
	404
	         1,062,558 
	        25,299 
	Active

	Ennis, TX
	405
	         1,060,080 
	        25,240 
	Active

	Ennis, TX
	406
	         1,059,534 
	        25,227 
	Active

	Ennis, TX
	12
	               14,784 
	              352 
	Active

	Ennis, TX
	C1
	               29,148 
	              694 
	Active

	Ennis, TX
	C2
	               29,148 
	              694 
	Active

	Ennis, TX
	C3
	               38,071 
	              906 
	Active

	Ennis, TX
	K0-1
	               14,364 
	              342 
	Active

	Ennis, TX
	K0-2
	               14,364 
	              342 
	Active

	Ennis, TX
	K0-3
	               14,364 
	              342 
	Active

	Total:
	 
	 
	172,371
	 

D-2

Facility - Chandler AZ

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Chandler, AZ
	A1
	               31,016 
	               738 
	Active

	Chandler, AZ
	A2
	               31,016 
	               738 
	Active

	Chandler, AZ
	A3
	               31,016 
	               738 
	Active

	Chandler, AZ
	A4
	               31,016 
	               738 
	Active

	Chandler, AZ
	A5
	               31,016 
	               738 
	Active

	Chandler, AZ
	A6
	               31,016 
	               738 
	Active

	Chandler, AZ
	CS2
	               11,000 
	               262 
	Active

	Chandler, AZ
	C1
	               24,984 
	               595 
	Active

	Chandler, AZ
	C2
	               24,984 
	               595 
	Active

	Chandler, AZ
	C3
	               24,984 
	               595 
	Active

	Chandler, AZ
	C4
	               24,984 
	               595 
	Active

	Chandler, AZ
	C5
	               24,984 
	               595 
	Active

	Chandler, AZ
	C6
	               24,984 
	               595 
	Active

	Chandler, AZ
	C7
	               31,016 
	               738 
	Active

	Chandler, AZ
	C8
	               31,016 
	               738 
	Active

	Chandler, AZ
	C9
	               31,016 
	               738 
	Active

	Chandler, AZ
	C10
	               31,016 
	               738 
	Active

	Chandler, AZ
	C11
	               31,016 
	               738 
	Active

	Chandler, AZ
	C12
	               31,016 
	               738 
	Active

	Chandler, AZ
	CS1
	               11,000 
	               262 
	Active

	Chandler, AZ
	CW
	               33,800 
	               805 
	Active

	Chandler, AZ
	HW
	               33,800 
	               805 
	Active

	Chandler, AZ
	1201
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1202
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1203
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1204
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1205
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1206
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1207
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	1208
	               53,800 
	           1,281 
	Active

	Chandler, AZ
	8001
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8002
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8003
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8004
	                 5,400 
	               129 
	Active

	Chandler, AZ
	8005
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8006
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8007
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8008
	                 8,500 
	               202 
	Active

	Chandler, AZ
	8010
	                 6,389 
	               152 
	Active

	Chandler, AZ
	15001
	             610,943 
	         14,546 
	Active

	Chandler, AZ
	25001
	         1,054,411 
	         25,105 
	Active

	Total:
	 
	 
	66,160
	 

D-3

Facility - Mt. Pleasant TX

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Mt. Pleasant, TX
	T100
	           19,332 
	           460 
	Active

	Mt. Pleasant, TX
	T101
	           48,000 
	        1,143 
	Active

	Mt. Pleasant, TX
	T170
	           82,210 
	        1,957 
	Active

	Mt. Pleasant, TX
	T190
	         146,880 
	        3,497 
	Active

	Mt. Pleasant, TX
	T200
	           58,752 
	        1,399 
	Active

	Mt. Pleasant, TX
	T201
	           58,752 
	        1,399 
	Active

	Mt. Pleasant, TX
	T202
	           57,528 
	        1,370 
	Active

	Mt. Pleasant, TX
	T203
	           58,752 
	        1,399 
	Active

	Mt. Pleasant, TX
	T204
	           88,128 
	        2,098 
	Active

	Mt. Pleasant, TX
	T250
	           46,200 
	        1,100 
	Active

	Mt. Pleasant, TX
	T251
	           58,752 
	        1,399 
	Active

	Mt. Pleasant, TX
	T252
	           58,752 
	        1,399 
	Active

	Mt. Pleasant, TX
	T253
	           58,752 
	        1,399 
	Active

	Mt. Pleasant, TX
	T254
	           88,128 
	        2,098 
	Active

	Mt. Pleasant, TX
	T255
	             8,820 
	           210 
	Active

	Mt. Pleasant, TX
	T256
	             8,820 
	           210 
	Active

	Mt. Pleasant, TX
	T300
	           13,524 
	           322 
	Active

	Mt. Pleasant, TX
	T301
	           13,524 
	           322 
	Active

	Mt. Pleasant, TX
	T302
	           14,112 
	           336 
	Active

	Mt. Pleasant, TX
	T303
	           14,112 
	           336 
	Active

	Mt. Pleasant, TX
	T256
	             8,808 
	           210 
	Active

	Mt. Pleasant, TX
	T305
	             9,408 
	           224 
	Active

	Mt. Pleasant, TX
	T306
	             9,396 
	           224 
	Active

	Mt. Pleasant, TX
	T340
	           13,965 
	           333 
	Active

	Mt. Pleasant, TX
	T341
	             6,468 
	           154 
	Active

	Mt. Pleasant, TX
	T400
	           14,112 
	           336 
	Active

	Mt. Pleasant, TX
	T509
	             1,480 
	              35 
	Active

	Mt. Pleasant, TX
	T510
	             9,983 
	           238 
	Active

	Mt. Pleasant, TX
	T511
	             9,983 
	           238 
	Active

	Mt. Pleasant, TX
	T512
	             9,983 
	           238 
	Active

	Total:
	 
	 
	26,081
	 

D-4

Facility - Pleasanton TX

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Pleasanton, TX
	T1
	         42,660 
	        1,016 
	Active

	Pleasanton, TX
	T2
	         45,474 
	        1,083 
	Active

	Pleasanton, TX
	T3
	         45,474 
	        1,083 
	Active

	Pleasanton, TX
	T4
	         45,474 
	        1,083 
	Active

	Pleasanton, TX
	T5
	         47,565 
	        1,133 
	Active

	Pleasanton, TX
	T6
	         47,565 
	        1,133 
	Active

	Pleasanton, TX
	T7
	         47,565 
	        1,132 
	Active

	Pleasanton, TX
	T8
	         47,565 
	        1,132 
	Active

	Pleasanton, TX
	T9
	         40,283 
	           959 
	Active

	Pleasanton, TX
	T10
	         66,062 
	        1,573 
	Active

	Pleasanton, TX
	T11
	         66,062 
	        1,573 
	Active

	Pleasanton, TX
	T12
	         66,062 
	        1,573 
	Active

	Pleasanton, TX
	T13
	         66,062 
	        1,573 
	Active

	Pleasanton, TX
	T14
	         66,062 
	        1,573 
	Active

	Pleasanton, TX
	T15
	         41,434 
	           987 
	Active

	Pleasanton, TX
	T16
	         52,500 
	        1,250 
	Active

	Pleasanton, TX
	T17
	         12,684 
	           302 
	Active

	Pleasanton, TX
	T18
	         12,684 
	           302 
	Active

	Pleasanton, TX
	T19
	         12,684 
	           302 
	Active

	Pleasanton, TX
	T20
	         16,912 
	           403 
	Active

	Pleasanton, TX
	T21
	         16,912 
	           403 
	Active

	Pleasanton, TX
	T22
	         17,998 
	           429 
	Active

	Pleasanton, TX
	T23
	         16,912 
	           403 
	Active

	Pleasanton, TX
	T24
	           8,808 
	           210 
	Inactive

	Pleasanton, TX
	T25
	           8,808 
	           210 
	Active

	Pleasanton, TX
	T26
	           8,808 
	           210 
	Active

	Pleasanton, TX
	T27
	           8,808 
	           210 
	Active

	Pleasanton, TX
	T28
	         12,895 
	           307 
	Active

	Pleasanton, TX
	T29
	         17,123 
	           408 
	Active

	Pleasanton, TX
	T30
	           1,151 
	              27 
	Active

	Pleasanton, TX
	T31
	           6,765 
	           161 
	Active

	Pleasanton, TX
	T32
	           1,042 
	              25 
	Active

	Pleasanton, TX
	T33
	           8,808 
	           210 
	Active

	Total:
	 
	 
	24,373
	 

D-5

Facility - Birmingport AL

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Birmingport, AL
	1
	               15,221 
	            362 
	Active

	Birmingport, AL
	1A
	               43,758 
	         1,042 
	Active

	Birmingport, AL
	1B
	               15,268 
	            364 
	Active

	Birmingport, AL
	2
	             633,563 
	      15,085 
	Active

	Birmingport, AL
	3
	             637,843 
	      15,187 
	Active

	Birmingport, AL
	4
	             426,321 
	      10,151 
	Active

	Birmingport, AL
	5
	             426,321 
	      10,151 
	Active

	Birmingport, AL
	6
	             420,637 
	      10,015 
	Active

	Birmingport, AL
	7
	             420,637 
	      10,015 
	Active

	Birmingport, AL
	8
	         3,382,383 
	      80,533 
	Active

	Birmingport, AL
	9
	               10,048 
	            239 
	Inactive

	Birmingport, AL
	11
	               30,389 
	            724 
	Active

	Birmingport, AL
	12
	               11,744 
	            280 
	Active

	Birmingport, AL
	13
	               42,585 
	         1,014 
	Active

	Birmingport, AL
	14
	               10,027 
	            239 
	Active

	Birmingport, AL
	15
	               23,040 
	            549 
	Active

	Birmingport, AL
	16
	               43,758 
	         1,042 
	Active

	Birmingport, AL
	17
	                 5,261 
	            125 
	Active

	Birmingport, AL
	18
	               65,769 
	         1,566 
	Active

	Birmingport, AL
	20
	               30,572 
	            728 
	Active

	Birmingport, AL
	21
	                     769 
	               18 
	Active

	Birmingport, AL
	22
	               43,758 
	         1,042 
	Active

	Birmingport, AL
	23
	               23,040 
	            549 
	Active

	Birmingport, AL
	24
	                 5,576 
	            133 
	Active

	Birmingport, AL
	25
	                 9,808 
	            234 
	Active

	Birmingport, AL
	27
	                 9,824 
	            234 
	Active

	Birmingport, AL
	28
	                 9,711 
	            231 
	Active

	Birmingport, AL
	30
	         2,091,180 
	      49,790 
	Active

	Total:
	 
	 
	211,638
	 

D-6

Facility - Memphis TN

	
						
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Memphis A&E
	T401
	30105
	

	                   717 
	Active

	Memphis A&E
	T402
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T403
	                 14,680 
	

	                   350 
	Active

	Memphis A&E
	T404
	                 23,019 
	

	                   548 
	Active

	Memphis A&E
	T405
	                 23,019 
	

	                   548 
	Active

	Memphis A&E
	T406
	                 23,019 
	

	                   548 
	Active

	Memphis A&E
	T407
	                 30,105 
	

	                   717 
	Active

	Memphis A&E
	T408
	                 30,105 
	

	                   717 
	Active

	Memphis A&E
	T409
	                 30,105 
	

	                   717 
	Active

	Memphis A&E
	T410
	                    6,013 
	

	                   143 
	Active

	Memphis A&E
	T411
	                    8,221 
	

	                   196 
	Active

	Memphis A&E
	T412
	                    8,221 
	

	                   196 
	Active

	Memphis A&E
	T413
	                 14,680 
	

	                   350 
	Active

	Memphis A&E
	T414
	                 14,680 
	

	                   350 
	Active

	Memphis A&E
	T415
	                    6,360 
	

	                   151 
	Active

	Memphis A&E
	T416
	8,221
	

	                   196 
	Active

	Memphis A&E
	T417
	                 14,921 
	

	                   355 
	Active

	Memphis A&E
	T418
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T419
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T420
	                 14,680 
	

	                   350 
	Active

	Memphis A&E
	T421
	                 10,147 
	

	                   242 
	Active

	Memphis A&E
	T422
	                 14,921 
	

	                   355 
	Active

	Memphis A&E
	T423
	                    6,013 
	

	                   143 
	Active

	Memphis A&E
	T424
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T425
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T426
	                 38,897 
	

	                   926 
	Active

D-7

	
						
	Memphis A&E
	T427
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T428
	                 38,897 
	

	                   926 
	Active

	Memphis A&E
	T429
	                 51,793 
	

	                1,233 
	Active

	Memphis A&E
	T430
	                 10,182 
	

	                   242 
	Active

	Memphis Polymer
	T32
	                 33,824 
	

	                   805 
	Active

	Memphis Polymer
	T33
	                 33,824 
	

	                   805 
	Active

	Memphis Polymer
	T34
	                 33,824 
	

	                   805 
	Active

	Memphis Polymer
	T35
	                 33,824 
	

	                   805 
	Active

	Memphis Polymer
	T36
	                 33,824 
	

	                   805 
	Active

	Memphis Polymer
	T38
	                    8,268 
	

	                   197 
	Inactive

	Memphis Terminal
	T1
	               424,266 
	

	             10,102 
	Active

	Memphis Terminal
	T1A
	           1,014,715 
	

	             24,160 
	Inactive

	Memphis Terminal
	T1S
	               845,596 
	

	             20,133 
	Active

	Memphis Terminal
	T2
	               845,596 
	

	             20,133 
	Active

	Memphis Terminal
	T2A
	               845,596 
	

	             20,133 
	Inactive

	Memphis Terminal
	T2S
	               563,730 
	

	             13,422 
	Active

	Memphis Terminal
	T3
	               845,596 
	

	             20,133 
	Active

	Memphis Terminal
	T3A
	           1,714,868 
	

	             40,830 
	Active

	Memphis Terminal
	T3S
	               845,596 
	

	             20,133 
	Active

	Memphis Terminal
	T4
	               563,730 
	

	             13,422 
	Active

	Memphis Terminal
	T4A
	               845,596 
	

	             20,133 
	Inactive

	Memphis Terminal
	T4S
	               845,596 
	

	             20,133 
	Active

	Memphis Terminal
	T5A
	               856,019 
	

	             20,381 
	Active

	Memphis Terminal
	T5S
	               281,865 
	

	                6,711 
	Inactive

	Memphis Terminal
	T6A
	                 19,184 
	

	                   457 
	Inactive

	Memphis Terminal
	T6S
	           1,023,964 
	

	             24,380 
	Active

	Memphis Terminal
	T7A
	           1,585,492 
	

	             37,750 
	Active

	Memphis Terminal
	T7S
	           1,023,171 
	

	             24,361 
	Active

	Memphis Terminal
	T8A
	           3,382,383 
	

	             80,533 
	Active

D-8

	
						
	Memphis Terminal
	T8S
	0
	

	0
	Inactive

	Memphis Terminal
	T9
	           2,348,877 
	

	             55,926 
	Active

	Memphis Terminal
	T9A
	           3,382,383 
	

	             80,533 
	Active

	Memphis Terminal
	T10
	           4,217,644 
	

	           100,420 
	Active

	Memphis Terminal
	T11
	           4,229,740 
	

	           100,708 
	Active

	Memphis Terminal
	T12
	                 16,149 
	

	                   384 
	Active

	Memphis Terminal
	T13
	                 16,442 
	

	                   391 
	Active

	Memphis Terminal
	T14
	                 10,335 
	

	                   246 
	Active

	Memphis Terminal
	T15
	                    4,069 
	

	                      97 
	Active

	Memphis Terminal
	T16
	                    4,069 
	

	                      97 
	Active

	Memphis Terminal
	T17
	                 11,157 
	

	                   266 
	Active

	Memphis Terminal
	T18
	                 11,157 
	

	                   266 
	Active

	Memphis Terminal
	T20
	                 11,157 
	

	                   266 
	Active

	Memphis Terminal
	T21
	                    4,069 
	

	                      97 
	Active

	Memphis Terminal
	T22
	                    4,069 
	

	                      97 
	Active

	Memphis Terminal
	T23
	                 18,289 
	

	                   435 
	Active

	Memphis Terminal
	T24
	                 20,506 
	

	                   488 
	Active

	Memphis Terminal
	T25
	                 20,506 
	

	                   488 
	Active

	Memphis Terminal
	T26
	                    6,183 
	

	                   147 
	Inactive

	Memphis Terminal
	T27
	0
	

	0
	Inactive

	Memphis Terminal
	T29
	                 17,662 
	

	                   421 
	Active

	Memphis Terminal
	T30
	                 17,662 
	

	                   421 
	Active

	Memphis Terminal
	T37
	               211,399 
	

	                5,033 
	Active

	Memphis Terminal
	T40
	                    6,389 
	

	                   152 
	Active

	Total:
	 
	 
	805,815
	 

D-9

Facility - Nashville TN

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Nashville, TN
	1
	3,383,982
	      80,571 
	Active

	Nashville, TN
	2
	414,540
	         9,870 
	Active

	Nashville, TN
	3
	1,694,742
	      40,351 
	Active

	Nashville, TN
	4
	10,570
	            252 
	Active

	Nashville, TN
	5
	10,570
	            252 
	Active

	Nashville, TN
	6
	108,577
	         2,585 
	Active

	Nashville, TN
	7
	108,577
	         2,585 
	Active

	Nashville, TN
	8
	43,736
	         1,041 
	Active

	Nashville, TN
	10
	3,383,982
	      80,571 
	Active

	Nashville, TN
	11
	5,261
	            125 
	Active

	Nashville, TN
	12
	60,883
	         1,450 
	Active

	Nashville, TN
	13
	4,219,656
	    100,468 
	Active

	Total:
	 
	 
	320,121
	 

Facility - Yellow Creek MS

	
					
	Location
	Tank Number
	Volume (gallons)
	Volume (bbls)
	Active/Inactive

	Yellow Creek, MS
	1
	3,382,383
	         80,533 
	Active

	Yellow Creek, MS
	2
	3,382,383
	         80,533 
	Active

	Yellow Creek, MS
	3
	210,882
	           5,021 
	Active

	Yellow Creek, MS
	4
	10,000
	               238 
	Active

	Yellow Creek, MS
	6
	7,892
	               188 
	Active

	Yellow Creek, MS
	8
	424,266
	         10,102 
	Active

	Yellow Creek, MS
	9
	845,596
	         20,133 
	Active

	Yellow Creek, MS
	10
	210,882
	           5,021 
	Active

	Yellow Creek, MS
	11
	13,530
	               322 
	Active

	Yellow Creek, MS
	12
	2,960
	                 70 
	Active

	Yellow Creek, MS
	13
	6,389
	               152 
	Active

	Total:
	 
	 
	202,313
	 

D-10

ATTACHMENT E

Leased Facilities

Facility - Yellow Creek MS

Real property in the City of Iuka, County of Tishomingo, State of Mississippi, described as
follows:

A parcel of land containing 6 acres, more or less, lying and being situated in the NW 1/4 of the
SW 1/4 of Section 22, T1S-R10E, Tishomingo County, Mississippi and being more particularly described as follows:

Beginning at a Metal Marker No. 1-1-19 (Coordinates: N. 1 932,648; E. 678,185) located on the 423 foot contour of the Southeast shore of the Tanyard Branch Inlet of the Yellow Creek
Embayment; thence, South 37 degrees 03 minutes East, 440 feet to a Metal Marker No. 1-1-20 in the Northwest line of the right-of-way for the access highway, said metal marker being 98 feet Northwest of the radially opposite survey station 43 + 19.4 on the surveyed center line for the said access highway; thence with the right-of-way line for the access highway South 34 degrees 54 minutes West, 96 feet to a Metal Marker No. 1-1-21 which is 55 feet North of and opposite survey station 42 + 11.4; thence South 77 degrees 19 minutes West, 214 feet to a Metal Marker No. 1-1-22 which is 85 feet North of and opposite survey station 40 + 00; thence South 63 degrees 04 minutes West, 372 feet to a Metal Marker No. 1-1-23, which is 45 feet North of and opposite survey station 36 + 30.1; thence South 84 degrees 57 minutes West 265 feet to a point on line with a Metal Marker No. 1-1-24 which is 65 feet north of and radially opposite survey station 32 + 00; thence North 05 degrees 03 minutes West 210 feet, more or less, to the 423 foot contour; thence Eastward along the 423 foot contour to the point of beginning, containing 6 acres, more or less.

E-1

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