Document:

Exhibit 10.1 Asset Purchase Agreement - ElDorado - DKL

Exhibit 10.1

    

ASSET PURCHASE AGREEMENT 
(El Dorado Terminal and Tankage) 
between 
LION OIL COMPANY
as Seller
and 
DELEK LOGISTICS OPERATING, LLC
as Buyer
Dated as of February 10, 2014 
 
 

TABLE OF CONTENTS
	
				
	ARTICLE I DEFINED TERMS
	1
	

	1.1

	Defined Terms
	1
	

	ARTICLE II TRANSFER OF ASSETS AND AGGREGATE CONSIDERATION
	6
	

	2.1
	Sale of Assets
	6
	

	2.2
	Transferred Assets
	7
	

	2.3

	Excluded Assets
	8
	

	2.4

	No Assumption of Liabilities
	8
	

	2.5
	Consideration.
	8
	

	ARTICLE III CLOSING 
	9
	

	3.1
	Closing
	9
	

	3.2
	Deliveries by the Seller
	9
	

	3.3

	Deliveries by the Buyer
	9
	

	3.4
	Prorations
	10
	

	3.5
	Reimbursement
	10
	

	ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE SELLER
	10
	

	4.1
	Organization
	10
	

	4.2
	Authorization
	11
	

	4.3
	No Conflicts or Violations; No Consents or Approvals Required
	11
	

	4.4
	Absence of Litigation
	11
	

	4.5
	Bankruptcy
	11
	

	4.6
	Brokers and Finders
	11
	

	4.7
	Title to Transferred Assets.
	12
	

	4.8
	Permits
	12
	

	4.9
	Condition of Transferred Assets; Sufficiency of Transferred Assets
	12
	

	4.10

	Compliance with Applicable Law
	12
	

	4.11
	Compliance with Environmental Law
	12
	

	4.12
	Conflicts Committee Matters
	12
	

	4.13
	WAIVERS AND DISCLAIMERS
	13
	

	ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE BUYER
	13
	

	5.1
	Organization
	14
	

	5.2
	Authorization
	14
	

	5.3
	No Conflicts or Violations; No Consents or Approvals Required
	14
	

	5.4
	Absence of Litigation
	14
	

	5.5
	Brokers and Finders
	14
	

	5.6
	Environmental Consent Decree
	15
	

	ARTICLE VI COVENANTS
	15
	

	6.1
	Additional Agreements
	15
	

	6.2
	Further Assurances
	15
	

	6.3
	Cooperation on Tax Matters
	15
	

	6.4
	Cooperation for Litigation and Other Actions
	15
	

	6.5
	Retention of and Access to Books and Records.
	15
	

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	6.6
	Tanks Under Construction
	16
	

	6.7
	Environmental Consent Decree
	17
	

	6.8
	Permits
	17
	

	ARTICLE VII INDEMNIFICATION
	17
	

	7.1
	Indemnification of Buyer and Seller
	17
	

	7.2
	Defense of Third-Party Claims
	17
	

	7.3
	Direct Claims
	18
	

	7.4
	Limitations
	18
	

	7.5
	Tax Related Adjustments
	19
	

	ARTICLE VIII MISCELLANEOUS
	19
	

	8.1
	Expenses
	19
	

	8.2
	Notices
	19
	

	8.3
	Severability
	20
	

	8.4
	Governing Law
	20
	

	8.5
	Arbitration Provision
	20
	

	8.6
	Confidentiality.
	22
	

	8.7
	Parties in Interest
	23
	

	8.8
	Assignment of Agreement
	23
	

	8.9
	Captions
	23
	

	8.10
	Counterparts
	23
	

	8.11
	Integration
	23
	

	8.12
	Amendment; Waiver
	23
	

	8.13
	Survival of Representations and Warranties
	23
	

	ARTICLE IX INTERPRETATION
	23
	

	9.1

	Interpretation
	24
	

	9.2
	References, Gender, Number
	24
	

Schedules:
Schedule 2.2(a)    —    Terminal
Schedule 2.2(b)    —    Tankage
Schedule 2.2(f)    —    Third Party Claims
Schedule 2.3(g)    —    Excluded Tankage

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ASSET PURCHASE AGREEMENT
(El Dorado Terminal and Tankage)
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) dated as of February 10, 2014, is made and entered into by and between Lion Oil Company, an Arkansas corporation (the “Seller”), and Delek Logistics Operating, LLC, a Delaware limited liability company (the “Buyer”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.” 
WHEREAS, the Seller is the owner of a refinery and certain tanks, terminal and logistics and other related assets near El Dorado, Arkansas (the “El Dorado Refinery”); 
WHEREAS, Buyer wishes to purchase certain assets associated with and adjacent to the El Dorado Refinery; and 
WHEREAS, the Parties wish to amend certain provisions of the Omnibus Agreement. 
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth herein and in the Restated Omnibus Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 
ARTICLE I 
DEFINED TERMS 
1.1    Defined Terms.  Unless the context expressly requires otherwise, the respective terms defined in this Section 1.1 shall, when used in this Agreement, have the respective meanings herein specified, with each such definition to be equally applicable both to the singular and the plural forms of the term so defined. 
“Action” means any claim, action, suit, investigation, inquiry, proceeding, condemnation or audit by or before any court or other Governmental Authority or any arbitration proceeding. 
“Affiliate” means, with to respect to a specified Person, any other Person controlling, controlled by or under common control with that first Person.  As used in this definition, the term “control” includes (i) with respect to any Person having voting securities or the equivalent and elected directors, managers or Persons performing similar functions, the ownership of or power to vote, directly or indirectly, voting securities or the equivalent representing 50% or more of the power to vote in the election of directors, managers or Persons performing similar functions, (ii) ownership of 50% or more of the equity or equivalent interest in any Person and (iii) the ability to direct the business and affairs of any Person by acting as a general partner, manager or otherwise. Notwithstanding the foregoing, for purposes of this Agreement, Delek US and its subsidiaries (other than the General Partner and the Partnership and its subsidiaries), including the Seller, on the one hand, and the General Partner and the Partnership and its subsidiaries, including the Buyer, on the other hand, shall not be considered Affiliates of each other. 

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“Agreement” has the meaning set forth in the preamble. 
“Ancillary Documents” means, collectively, the Buyer Ancillary Documents and the Seller Ancillary Documents. 
“Applicable Law” means any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, decree, Permit, requirement, or other governmental restriction or any similar form of decision of, or any provision or condition issued under any of the foregoing by, or any determination by any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended (including, without limitation, all of the terms and provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question, including Environmental Law. 
“Bill of Sale” has the meaning set forth in Section 3.2(b). 
“Books and Records” has the meaning set forth in Section 2.2(d).
“Business Day” means any day on which banks are open for business in Texas, other than Saturday or Sunday. 
“Buyer” has the meaning set forth in the preamble. 
“Buyer Ancillary Documents” means each agreement, document, instrument or certificate to be delivered by the Buyer, or its Affiliates, at the Closing pursuant to Section 3.3 hereof and each other document or Contract entered into by the Buyer, or its Affiliates, in connection with this Agreement or the Closing. 
“Buyer Indemnified Costs” means (a) any and all damages, losses, Claims, liabilities, demands, charges, suits, penalties, costs, and expenses (including court costs and reasonable attorneys’ fees and expenses incurred in investigating and preparing for any litigation or proceeding) that any of the Buyer Indemnified Parties incurs and that arise out of or relate to (x) any breach of a representation, warranty or covenant of the Seller under this Agreement or (y) any Excluded Liability, and (b) any and all Actions, Claims, assessments, judgments, costs, and expenses, including reasonable legal fees and expenses, incident to any of the foregoing. Notwithstanding anything in the foregoing to the contrary, Buyer Indemnified Costs shall exclude any and all Special Damages (other than those that are a result of (x) a third-party claim for Special Damages, (y) the gross negligence or willful misconduct of the Seller or (z) the failure of the Seller to perform its obligations under Section 6.8). 
“Buyer Indemnified Parties” means Buyer and its Affiliates, including the Partnership, and their respective officers, directors, partners, managers, employees, consultants and equity holders.
“Claim” means any existing or threatened future claim, demand, suit, action, investigation, proceeding, governmental action or cause of action of any kind or character (in each case, whether civil, criminal, investigative or administrative), known or unknown, under any theory, including 

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those based on theories of contract, tort, statutory liability, strict liability, employer liability, premises liability, products liability, breach of warranty or malpractice. 
“Claimant” has the meaning set forth in Section 8.5. 
“Closing” has the meaning set forth in Section 3.1. 
“Closing Date” has the meaning set forth in Section 3.1. 
“Confidential Information” means all information, documents, records and data that a Party furnishes or otherwise discloses to the other Party (including any such items furnished prior to the execution of this Agreement), together with all analyses, compilations, studies, memoranda, notes or other documents, records or data (in whatever form maintained, whether documentary, computer or other electronic storage or otherwise) prepared by the receiving Party which contain or otherwise reflect or are generated from such information, documents, records and data; provided, however, that the term “Confidential Information” does not include any information that (a) at the time of disclosure or thereafter is or becomes generally available to or known by the public (other than as a result of a disclosure by the receiving Party), (b) is developed by the receiving Party without reliance on any Confidential Information or (c) is or was available to the receiving Party on a nonconfidential basis from a source other than the disclosing Party that, insofar as is known to the receiving Party after reasonable inquiry, is not prohibited from transmitting the information to the recipient by a contractual, legal or fiduciary obligation to the disclosing Party.
“Consents” means all notices to, authorizations, consents, Orders or approvals of, or registrations, declarations or filings with, or expiration of waiting periods imposed by, any Governmental Authority, and any notices to, consents or approvals of any other third party, in each case that are required by Applicable Law or by Contract in order to consummate the transactions contemplated by this Agreement and the Ancillary Documents. 
“Contract” means any written contract, agreement, indenture, instrument, note, bond, loan, lease, mortgage, franchise, license agreement, purchase order, binding bid or offer, binding term sheet or letter of intent or memorandum, commitment, letter of credit or any other legally binding arrangement, including any amendments or modifications thereof and waivers relating thereto. 
“Delek US” means Delek US Holdings, Inc., a Delaware corporation.
“Dispute” means any and all disputes, Claims, controversies and other matters in question between the Seller, on the one hand, and the Buyer, on the other hand, arising out of or relating to this Agreement or the alleged breach hereof, or in any way relating to the subject matter of this Agreement regardless of whether (a) allegedly extra-contractual in nature, (b) sounding in contract, tort or otherwise, (c) provided for by Applicable Law or otherwise or (d) seeking damages or any other relief, whether at law, in equity or otherwise.
“Effective Time” has the meaning set forth in Section 3.1. 
“El Dorado Refinery” has the meaning set forth in the preamble. 

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“Encumbrance” means any mortgage, pledge, charge, hypothecation, claim, easement, right of purchase, security interest, deed of trust, conditional sales agreement, encumbrance, interest, option, lien, right of first refusal, right of way, defect in title, encroachments or other restriction, whether or not imposed by operation of Applicable Law, any voting trust or voting agreement, stockholder agreement or proxy. 
“Environmental Consent Decree” has the meaning set forth in Section 5.6.
“Environmental Permit” means any Permit, approval, identification number, license, registration, consent, exemption, variance or other authorization required under or issued pursuant to any applicable Environmental Law. 
“Environmental Law” means all federal, state, and local laws, statutes, rules, regulations, orders, judgments, ordinances, codes, injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law now or hereafter in effect, relating to pollution or protection of human health and the environment including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, and other similar federal, state or local environmental conservation and protection laws, each as amended from time to time.
“Excluded Assets” has the meaning set forth in Section 2.3.
“Excluded Liabilities” has the meaning set forth in Section 2.4.
“Financial and Operational Information” has the meaning set forth in Section 4.12.
“Fundamental Representations” has the meaning set forth in Section 7.4(a).
“General Partner” means Delek Logistics GP, LLC, a Delaware limited liability company.
“Governmental Authority” means any federal, state, local or foreign government or any provincial, departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission, board, bureau, agency, instrumentality or administrative body of any of the foregoing. 
“Indemnified Costs” means the Buyer Indemnified Costs and the Seller Indemnified Costs, as applicable. 
“Indemnified Party” means the Buyer Indemnified Parties and the Seller Indemnified Parties. 
“Indemnifying Party” has the meaning set forth in Section 7.2. 

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“Lease and Access Agreement” has the meaning set forth in Section 3.2(a).
“Material Adverse Effect” means any material adverse change, circumstance, effect or condition in or relating to the Transferred Assets or the assets, financial condition, results of operations, or business of any Person or that materially impedes the ability of any Person to consummate the transactions contemplated hereby, other than any change, circumstance, effect or condition in the refining or pipelines industries generally (including any change in the prices of crude oil, natural gas, natural gas liquids, feedstocks or refined products or other hydrocarbon products, industry margins or any regulatory changes or changes in Applicable Law) or in United States or global economic conditions or financial markets in general. Any determination as to whether any change, circumstance, effect or condition has a Material Adverse Effect shall be made only after taking into account all effective insurance coverages and effective third-party indemnifications with respect to such change, circumstance, effect or condition. 
“Omnibus Agreement” means that certain Amended and Restated Omnibus Agreement entered into and effective as of July 26, 2013, by and among Delek US, Delek Refining, Ltd., the Seller, the Partnership, Paline Pipeline Company, LLC, SALA Gathering Systems, LLC, Magnolia Pipeline Company, LLC, El Dorado Pipeline Company, LLC, Delek Crude Logistics, LLC, Delek Marketing-Big Sandy, LLC, Delek Marketing & Supply, LP, the Buyer and the General Partner.
“Order” means any order, writ, injunction, decree, compliance or consent order or decree, settlement agreement, schedule and similar binding legal agreement issued by or entered into with a Governmental Authority. 
“Partnership” means Delek Logistics Partners, LP, a Delaware limited partnership. 
“Party” and “Parties” have the meanings set forth in the preamble. 
“Permits” has the meaning set forth in Section 2.2(c). 
“Permitted Encumbrances” means (a) liens for taxes not yet due and payable; (b) liens of mechanics, laborers, suppliers, workers and materialmen incurred in the ordinary course of business for sums not yet due or being diligently contested in good faith; and (c) liens securing rental, storage, throughput, handling or other fees or charges owing from time to time to common carriers, solely to the extent of such fees or charges. 
“Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, Governmental Authority or other entity. 
“Purchase Price” has the meaning set forth in Section 2.5(a). 
“Receiving Party Personnel” has the meaning set forth in Section 8.6(d).
“Respondent” has the meaning set forth in Section 8.5. 
“Restated Omnibus Agreement” has the meaning set forth in Section 3.2(d). 

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“Right of Way Agreement” has the meaning set forth in Section 3.2(f).
“Seller” has the meaning set forth in the preamble. 
“Seller Ancillary Documents” means each agreement, document, instrument or certificate to be delivered by the Seller, or its Affiliates, at the Closing pursuant to Section 3.2 hereof and each other document or Contract entered into by the Seller, or its Affiliates, in connection with this Agreement or the Closing. 
“Seller Indemnified Costs” means (a) any and all damages, losses, Claims, liabilities, demands, charges, suits, penalties, costs, and expenses (including court costs and reasonable attorneys’ fees and expenses incurred in investigating and preparing for any litigation or proceeding) that any of the Seller Indemnified Parties incurs and that arise out of or relate to any breach of a representation, warranty or covenant of Buyer under this Agreement, and (b) any and all Actions, Claims, assessments, judgments, costs, and expenses, including reasonable legal fees and expenses, incident to any of the foregoing. Notwithstanding anything in the foregoing to the contrary, Seller Indemnified Costs shall exclude any and all Special Damages (other than those that are a result of (x) a third-party claim for Special Damages or (y) the gross negligence or willful misconduct of Buyer). 
“Seller Indemnified Parties” means the Seller and its Affiliates, including Delek US, and their respective officers, directors, partners, managers, employees, consultants and equity holders.
“Site Services Agreement” has the meaning set forth in Section 3.2(e).
“Special Damages” means any consequential, punitive, special, incidental or exemplary damages, or for loss of profits or revenues.
“Tankage” has the meaning set forth in Section 2.2(b). 
“Terminal” has the meaning set forth in Section 2.2(a). 
“third-party action” has the meaning set forth in Section 7.2. 
“Transferred Assets” has the meaning set forth in Section 2.2. 
“Throughput and Tankage Agreement” has the meaning set forth in Section 3.2(c). 
“Under Construction Tank” has the meaning set forth in Section 6.6.
                                                             ARTICLE II     
TRANSFER OF ASSETS AND AGGREGATE CONSIDERATION 
2.1    Sale of Assets.  Subject to all of the terms and conditions of this Agreement, the Seller hereby sells, assigns, transfers and conveys to the Buyer, and the Buyer hereby purchases and acquires from the Seller, the Transferred Assets, free and clear of all Encumbrances, other than Permitted Encumbrances. 

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2.2    Transferred Assets.  For purposes of this Agreement, the term “Transferred Assets” shall mean the following assets, properties and rights of the Seller, other than the Excluded Assets:
(a)    all of the right, title and interest of the Seller to the light products loading rack located adjacent to the El Dorado Refinery, including the loading facilities, piping, meters, recorders, valves, fittings, improvements, truck and other facilities related thereto, set forth on Schedule 2.2(a) to this Agreement (the “Terminal”);
(b)    all of the right, title and interest of the Seller to the crude oil, refined products, intermediates, waste, catalyst and other storage tanks located at the El Dorado Refinery and all spheres, bullets, valves, pumps, meters, recorders, fittings, improvements and other equipment related to such storage tanks, set forth on Schedule 2.2(b) to this Agreement (the “Tankage”);
(c)    all permits, licenses, sublicenses, certificates, approvals, consents, notices, waivers, variances, franchises, registrations, orders, filings, accreditations, or other similar authorizations, including pending applications or filings therefor and renewals thereof, required by any Applicable Law or Governmental Authority or granted by any Governmental Authority (collectively, the “Permits”) that are related to the Transferred Assets, to the extent transferrable or assignable;
(d)    all of the records and files related to the operation of the Transferred Assets, including, plans, drawings, instruction manuals, operating and technical data and records, whether computerized or hard copy, tax files, books, records, tax returns and tax work papers, supplier lists, reference catalogs, surveys, engineering statements, maintenance records and studies, environmental records, environmental reporting information, emission data, testing and sampling data and procedures, data related to the Terminal and the Tankage associated with construction, inspection and operating records, any and all information necessary to meet compliance obligations with respect to Environmental Laws and any other Applicable Laws, in each case related to the Transferred Assets and existing as of the Closing Date (the “Books and Records”); 
(e)    all of the right, title and interest of the Seller, if any, in and to unexpired warranties and guarantees from third parties that are not Affiliates of the Seller to the extent related to the Transferred Assets and to the extent such warranties or guarantees are transferable to the Buyer, including warranties set forth in any equipment purchase agreement, construction agreement, lease agreement, consulting agreement or agreement for architectural or engineering services, it being understood that nothing in this paragraph shall be construed as a representation by the Seller that any such warranty remains in effect or is enforceable; and
(f)    all claims, demands, causes of action, choses in action, rights of recovery, rights of set-off, rights to refunds and similar rights against third parties that are not Affiliates of the Seller (including indemnification and contribution) to the extent related to (i) the ownership or operation of the Transferred Assets after the Effective Time or (ii) any damage to the Transferred Assets not repaired prior to the Effective Time, or any portion thereof, if any, including those set forth on Schedule 2.2(f) and including any claims for refunds, prepayments, offsets, recoupment, condemnation awards, judgments and the like, whether received as payment or credit against future liabilities, in each case to the extent related to the matters covered by clauses (i) or (ii) above.

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2.3    Excluded Assets.  The Transferred Assets shall not include, and the Seller reserves and retains all right, title and interest in and to the following (collectively, the “Excluded Assets”):
(a)    all real property, including all real property subject to the Lease and Access Agreement;
(b)    all inventory, including raw materials, intermediates, products, byproducts and wastes that is stored in the Tankage or the storage facilities located at the Terminal at or prior to the Closing;
(c)    the rights of the Seller to the name “Delek,” “Lion,” “LOTT” or any related or similar trade names, trademarks, service marks, corporate names or logos, or any part, derivative or combination thereof;
(d)    all of the Seller’s and any of its Affiliates’ right, title and interest in and to all accounts receivable and all notes, bonds, and other evidences of indebtedness of and rights to receive payments arising out of sales, services, rentals and other activities occurring in connection with and attributable to the ownership or operation of the Transferred Assets prior to the Effective Time and the security arrangements, if any, related thereto, including any rights with respect to any third party collection procedures or any other actions or proceedings in connection therewith; 
(e)    all rights, titles, claims and interests of the Seller or any of its Affiliates (i) under any policy or agreement of insurance, (ii) under any bond, (iii) to or under any condemnation damages or awards in regard to any taking or (iv) to any insurance or bond proceeds;
(f)    all claims, demands, causes of action, choses in action, rights of recovery, rights of set-off, rights to refunds, and similar rights in favor of the Seller or any of its Affiliates of any kind to the extent relating to (i) the Excluded Assets or (ii) the ownership of the Transferred Assets prior to the Effective Time (other than any damage to the Transferred Assets not repaired prior to the Effective Time); and
(g)    all of the right, title and interest of the Seller to the storage tanks located at the El Dorado Refinery and all spheres, bullets, valves, pumps, meters, recorders, fittings, improvements and other equipment related to such storage tanks, set forth on Schedule 2.3(g) to this Agreement.
2.4    No Assumption of Liabilities.  Except as expressly set forth herein, or in the Ancillary Documents, the Buyer shall not assume or become obligated with respect to any obligation or liability of the Seller and its Affiliates of any nature whatsoever, as a result of the transactions contemplated by this Agreement (all such obligations or liabilities of the Seller and its Affiliates not expressly so assumed by the Buyer, collectively, the “Excluded Liabilities”).
2.5    Consideration.
(a)    The aggregate consideration to be paid by the Buyer for the Transferred Assets shall be $95,900,000 (the “Purchase Price”). 

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(b)    The Purchase Price shall be paid at the Closing by wire transfer of immediately available funds to the accounts specified by the Seller. 
                                                                 ARTICLE III     
CLOSING 
3.1    Closing.  The closing of the transactions contemplated hereby (the “Closing”) shall take place simultaneously with the execution of this Agreement. The date of the Closing is referred to herein as the “Closing Date” and the Closing is deemed to be effective as of 12:01 a.m., Houston, Texas time, on the Closing Date (the “Effective Time”). 
3.2    Deliveries by the Seller.  At the Closing, the Seller shall deliver, or cause to be delivered, to the Buyer the following: 
(a)    A counterpart to the lease and access agreement in the form mutually agreed upon by the Parties (the “Lease and Access Agreement”), duly executed by the Seller.
(b)    The bill of sale and assignment in the form mutually agreed upon by the Parties (the “Bill of Sale”), duly executed by the Seller. 
(c)    A counterpart of the throughput and tankage agreement in the form of mutually agreed upon by the Parties (the “Throughput and Tankage Agreement”), duly executed by the Seller. 
(d)    A counterpart of the second amended and restated omnibus agreement in the form mutually agreed upon by the Parties (the “Restated Omnibus Agreement”), duly executed by Delek US and each applicable subsidiary of Delek US (excluding the General Partner, the Buyer and the Partnership and its subsidiaries). 
(e)    A counterpart of the site services agreement in the form mutually agreed upon by the Parties (the “Site Services Agreement”), duly executed by the Seller.
(f)    A counterpart to the right of way agreement in the form mutually agreed upon by the Parties (the “Right of Way Agreement”), duly executed by the Seller. 
(g)    A counterpart to the secondment agreement in the form mutually agreed upon by the Parties (the “Secondment Agreement”), duly executed by the Seller.
(h)    Evidence in form and substance reasonably satisfactory to the Buyer of the release and termination of all Encumbrances on the Transferred Assets, other than Permitted Encumbrances. 
3.3    Deliveries by the Buyer.  At the Closing, the Buyer shall deliver, or cause to be delivered, to the Seller the following: 
(a)    The Purchase Price as provided in Section 2.2(b). 

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(b)    A counterpart to the Lease and Access Agreement, duly executed by the Buyer. 
(c)    A counterpart to the Throughput and Tankage Agreement, duly executed by the Buyer. 
(d)    A counterpart of the Restated Omnibus Agreement, duly executed by the General Partner, the Buyer and the Partnership and its subsidiaries. 
(e)    A counterpart to the Site Services Agreement, duly executed by the Buyer. 
(f)    A counterpart to the Right of Way Agreement, duly executed by the Buyer.
(g)    A counterpart to the Bill of Sale, duly executed by the Buyer.
(h)    A counterpart to the Secondment Agreement, duly executed by the General Partner
3.4    Prorations.  On the Closing Date, or as promptly as practicable following the Closing Date, but in no event later than 60 calendar days thereafter, the personal property taxes with respect to the Transferred Assets shall be prorated between the Buyer, on the one hand, and the Seller, on the other hand, effective as of the Effective Time with the Seller being responsible for amounts related to the period prior to but excluding the Effective Time and the Buyer being responsible for amounts related to the period at and after the Effective Time. If the final property tax rate or final assessed value for the current tax year is not established by the Closing Date, the prorations shall be made on the basis of the rate or assessed value in effect for the preceding tax year and shall be adjusted when the exact amounts are determined. All such prorations shall be based upon the most recent available assessed value available prior to the Closing Date. 
3.5    Reimbursement.  If the Buyer, on the one hand, or the Seller, on the other hand, pays any tax agreed to be borne by the other Party under this Agreement, such other Party shall promptly reimburse the paying Party for the amounts so paid. If any Party receives any tax refund or credit applicable to a tax paid by another Party hereunder, the receiving Party shall promptly pay such amounts to the Party entitled thereto. 
                                                              ARTICLE IV     
REPRESENTATIONS AND WARRANTIES OF THE SELLER 
The Seller hereby represents and warrants to the Buyer that as of the date of this Agreement: 
4.1    Organization.  The Seller is a corporation duly organized and validly existing, under the Applicable Laws of the State of Arkansas. The Seller is duly authorized to conduct business and is in good standing under the Applicable Laws of each jurisdiction where such qualification is required, except where the lack of such qualification would not have a Material Adverse Effect. The Seller has the requisite corporate power and authority necessary to carry on its business and to own and use the Transferred Assets owned or operated by it. 

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4.2    Authorization.  The Seller has full corporate power and authority to execute, deliver, and perform this Agreement and any Seller Ancillary Documents to which it is a party. The execution, delivery, and performance by the Seller of this Agreement and the Seller Ancillary Documents and the consummation by the Seller of the transactions contemplated hereby and thereby, have been duly authorized by all necessary corporate action of the Seller. This Agreement has been duly executed and delivered by the Seller and constitutes, and each Seller Ancillary Document executed or to be executed by the Seller has been, or when executed will be, duly executed and delivered by the Seller and constitutes, or when executed and delivered will constitute, a valid and legally binding obligation of the Seller, enforceable against it in accordance with their terms, except to the extent that such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting creditors’ rights and remedies generally and (b) equitable principles which may limit the availability of certain equitable remedies (such as specific performance) in certain instances. 
4.3    No Conflicts or Violations; No Consents or Approvals Required.  The execution, delivery and performance by the Seller of this Agreement and the other Seller Ancillary Documents to which it is a party does not, and the consummation of the transactions contemplated hereby and thereby will not, (a) violate, conflict with, or result in any breach of any provision of the Seller’s certificate of incorporation or bylaws or similar governing documents, (b) violate in any material respect any Applicable Law to which the Seller is subject or to which any Transferred Asset is subject or (c) result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice or trigger any rights to payment or other compensation under any Contract to which the Seller is a party or by which it is bound that relates to the Transferred Assets, or that could prevent or materially delay the consummation of the transactions contemplated by this Agreement.  No Consent of any Governmental Authority is required in connection with the execution, delivery and performance by the Seller of this Agreement and the Seller Ancillary Documents to which the Seller is a party or the consummation of the transactions contemplated hereby or thereby. 
4.4    Absence of Litigation.  There is no Action pending or, to the knowledge of the Seller, threatened against the Seller or any of its Affiliates relating to the transactions contemplated by this Agreement or the Ancillary Documents or the Transferred Assets or which, if adversely determined, would reasonably be expected to materially impair the ability of the Seller to perform its obligations and agreements under this Agreement or the Seller Ancillary Documents and to consummate the transactions contemplated hereby and thereby. 
4.5    Bankruptcy.  There are no bankruptcy, reorganization or rearrangement proceedings under any bankruptcy, insolvency, reorganization, moratorium or other similar laws with respect to creditors pending against, being contemplated by, or, to the knowledge of the Seller, threatened, against the Seller. 
4.6    Brokers and Finders.  No investment banker, broker, finder, financial advisor or other intermediary has been retained by or is authorized to act on behalf of the Seller or its Affiliates who is entitled to receive from the Buyer any fee or commission in connection with the transactions contemplated by this Agreement. 

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4.7    Title to Transferred Assets. 
(a)    The Seller has good and valid title to the Transferred Assets, free and clear of all Encumbrances, other than Permitted Encumbrances. 
(b)    There has not been granted to any Person, and no Person possesses, any right of first refusal to purchase any of the Transferred Assets, except pursuant to this Agreement and the Omnibus Agreement.
4.8    Permits.  The Seller has all material Permits necessary for the operation of the Transferred Assets at the location and in the manner operated as of the date hereof.  The Seller is in material compliance with all Permits, all such Permits are in full force and effect, and there is no Action pending or, to the knowledge of the Seller, threatened before any Governmental Authority that seeks the revocation, cancellation, suspension or adverse modification thereof.
4.9    Condition of Transferred Assets; Sufficiency of Transferred Assets.  The Transferred Assets are in good operating condition and repair (normal wear and tear excepted), are free from material defects (patent and latent), are suitable for the purposes for which they are currently used and are not in need of material maintenance or repairs except for ordinary routine maintenance and repairs.  The Transferred Assets, together with the rights granted to Buyer pursuant to the Ancillary Documents, constitute all of the assets and rights necessary to conduct the business of the Transferred Assets in a manner consistent with the Financial and Operational Information.
4.10    Compliance with Applicable Law.  Except where the failure to be in compliance would not have a Material Adverse Effect, with respect to the Transferred Assets, including their operation, the Seller is and has been in compliance with all, and, to the knowledge of the Seller, is not under investigation with respect to and has not been threatened to be charged with or given notice of any violation of any, Applicable Laws (other than Environmental Laws).
4.11    Compliance with Environmental Law.  Except where the failure to be in compliance would not have a Material Adverse Effect, with respect to the Transferred Assets, including their operation, the Seller is and has been in compliance with all, and, to the knowledge of the Seller, is not under investigation with respect to and has not been threatened to be charged with or given notice of any violation of any, applicable Environmental Laws.
4.12    Conflicts Committee Matters.  The projections and budgets provided to the conflicts committee of the board of directors of the General Partner (including those provided to the financial advisor to the conflicts committee) as part of its review in connection with this Agreement and the transactions contemplated hereby were prepared and delivered in good faith and have a reasonable basis and are consistent with the current expectations of the Seller’s management regarding the Transferred Assets.  To the extent that such information relates to the periods during which the Seller owned the Transferred Assets, the historical and current information regarding throughput and storage capacity, revenues and costs of sales relating to the Transferred Assets (the “Financial and Operational Information”) are correct in all material respects for such periods and are derived from the Books and Records.

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4.13    WAIVERS AND DISCLAIMERS.  NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, EXCEPT FOR THE EXPRESS REPRESENTATIONS AND WARRANTIES AND OTHER COVENANTS AND AGREEMENTS MADE BY THE PARTIES IN THIS AGREEMENT, THE ANCILLARY DOCUMENTS AND THE RESTATED OMNIBUS AGREEMENT, THE PARTIES HERETO ACKNOWLEDGE AND AGREE THAT NONE OF THE PARTIES HAS MADE, DOES NOT MAKE, AND EACH SUCH PARTY SPECIFICALLY NEGATES AND DISCLAIMS, ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS, IMPLIED OR STATUTORY, ORAL OR WRITTEN, PAST OR PRESENT, REGARDING (I) THE VALUE, NATURE, QUALITY OR CONDITION OF THE TRANSFERRED ASSETS INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL, GEOLOGY OR ENVIRONMENTAL CONDITION OF THE TRANSFERRED ASSETS GENERALLY, INCLUDING THE PRESENCE OR LACK OF HAZARDOUS SUBSTANCES OR OTHER MATTERS ON THE TRANSFERRED ASSETS, (II) THE INCOME TO BE DERIVED FROM THE TRANSFERRED ASSETS, (III) THE SUITABILITY OF THE TRANSFERRED ASSETS FOR ANY AND ALL ACTIVITIES AND USES THAT MAY BE CONDUCTED THEREON, (IV) THE COMPLIANCE OF OR BY THE TRANSFERRED ASSETS OR THEIR OPERATION WITH ANY APPLICABLE LAWS (INCLUDING WITHOUT LIMITATION ANY ZONING, ENVIRONMENTAL PROTECTION, POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR REQUIREMENTS), OR (V) THE HABITABILITY, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE TRANSFERRED ASSETS. EXCEPT TO THE EXTENT PROVIDED IN THIS AGREEMENT, THE ANCILLARY DOCUMENTS OR THE RESTATED OMNIBUS AGREEMENT, NONE OF THE PARTIES IS LIABLE OR BOUND IN ANY MANNER BY ANY ORAL OR WRITTEN STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE TRANSFERRED ASSETS FURNISHED BY ANY AGENT, EMPLOYEE, SERVANT OR THIRD PARTY. EXCEPT TO THE EXTENT PROVIDED IN THIS AGREEMENT, THE ANCILLARY DOCUMENTS OR THE RESTATED OMNIBUS AGREEMENT, EACH OF THE PARTIES HERETO ACKNOWLEDGES THAT TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE TRANSFER AND CONVEYANCE OF THE TRANSFERRED ASSETS SHALL BE MADE IN AN “AS IS,” “WHERE IS” CONDITION WITH ALL FAULTS, AND THE TRANSFERRED ASSETS ARE TRANSFERRED AND CONVEYED SUBJECT TO ALL OF THE MATTERS CONTAINED IN THIS SECTION 4.13. THIS SECTION 4.13 SHALL SURVIVE THE TRANSFER AND CONVEYANCE OF THE TRANSFERRED ASSETS OR THE TERMINATION OF THIS AGREEMENT. THE PROVISIONS OF THIS SECTION 4.13 HAVE BEEN NEGOTIATED BY THE PARTIES AFTER DUE CONSIDERATION AND ARE INTENDED TO BE A COMPLETE EXCLUSION AND NEGATION OF ANY REPRESENTATIONS OR WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, WITH RESPECT TO THE TRANSFERRED ASSETS THAT MAY ARISE PURSUANT TO APPLICABLE LAW NOW OR HEREAFTER IN EFFECT, OR OTHERWISE, EXCEPT AS SET FORTH IN THIS AGREEMENT, THE ANCILLARY DOCUMENTS OR THE RESTATED OMNIBUS AGREEMENT. 
                                                                 ARTICLE V     
REPRESENTATIONS AND WARRANTIES OF THE BUYER 

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The Buyer hereby represents and warrants to the Seller that as of the date of this Agreement: 
5.1    Organization.  The Buyer is a limited liability company, validly existing and in good standing under the Applicable Laws of the State of Delaware. 
5.2    Authorization.  The Buyer has full limited liability company power and authority to execute, deliver, and perform this Agreement and any Buyer Ancillary Documents to which it is a party. The execution, delivery, and performance by the Buyer of this Agreement and the Buyer Ancillary Documents and the consummation by the Buyer of the transactions contemplated hereby and thereby, have been duly authorized by all necessary limited liability company action of the Buyer. This Agreement has been duly executed and delivered by the Buyer and constitutes, and each such Buyer Ancillary Document executed or to be executed the Buyer has been, or when executed will be, duly executed and delivered by the Buyer and constitutes, or when executed and delivered will constitute, a valid and legally binding obligation of the Buyer, enforceable against it in accordance with their terms, except to the extent that such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting creditors’ rights and remedies generally and (b) equitable principles which may limit the availability of certain equitable remedies (such as specific performance) in certain instances. 
5.3    No Conflicts or Violations; No Consents or Approvals Required.  The execution, delivery and performance by the Buyer of this Agreement and the Buyer Ancillary Documents to which it is a party does not, and consummation of the transactions contemplated hereby and thereby will not, (a) violate, conflict with, or result in any breach of any provisions of the Buyer’s certificate of formation or limited liability company agreement, (b) violate in any material respect any Applicable Law to which the Buyer is subject or (c) result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice or trigger any rights to payment or other compensation under any Contract to which the Buyer is a party or by which it is bound that could prevent or materially delay the consummation of the transactions contemplated by this Agreement. No Consents are required in connection with the execution, delivery and performance by the Buyer of this Agreement and the Buyer Ancillary Documents to which the Buyer is a party or the consummation of the transactions contemplated hereby or thereby. 
5.4    Absence of Litigation.  There is no Action pending or, to the knowledge of the Buyer, threatened against the Buyer or any of its Affiliates relating to the transactions contemplated by this Agreement or the Ancillary Documents or which, if adversely determined, would reasonably be expected to materially impair the ability of the Buyer to perform its obligations and agreements under this Agreement or the Buyer Ancillary Documents and to consummate the transactions contemplated hereby and thereby. 
5.5    Brokers and Finders.  No investment banker, broker, finder, financial advisor or other intermediary has been retained by or is authorized to act on behalf of the Buyer or its Affiliates who is entitled to receive from the Seller any fee or commission in connection with the transactions contemplated by this Agreement. 

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5.6    Environmental Consent Decree.  The Buyer acknowledges that it has received notice and a copy of the consent decree entered in United States and State of Arkansas v. Lion Oil Company, Civ. No. 03-1028 (Western District of Arkansas) (the "Environmental Consent Decree").
                                                                  ARTICLE VI     
COVENANTS 
6.1    Additional Agreements.  Subject to the terms and conditions of this Agreement, the Ancillary Documents and the Restated Omnibus Agreement, each of the Parties shall use its commercially reasonable efforts to do, or cause to be taken all action and to do, or cause to be done, all things necessary, proper, or advisable under Applicable Laws to consummate and make effective the transactions contemplated by this Agreement. If at any time after the Closing Date any further action is necessary or desirable to carry out the purposes of this Agreement, the Parties and their duly authorized representatives shall use commercially reasonable efforts to take all such action. 
6.2    Further Assurances.  After the Closing, each Party shall take such further actions, including obtaining consents to assignment from third parties, and execute such further documents as may be necessary or reasonably requested by the other Party in order to effectuate the intent of this Agreement and the Ancillary Documents and to provide such other Party with the intended benefits of this Agreement and the Ancillary Documents.  Following the Closing, the Buyer and the Seller agree to remit to the other Party or its Affiliates, as applicable, with reasonable promptness, any payments, rebates, bills or other correspondence received on or in respect of, or otherwise relevant to the other Party or its Affiliates including, with respect to the Buyer, the Transferred Assets or, with respect to the Seller, the Excluded Assets.
6.3    Cooperation on Tax Matters.  Following the Closing Date, the Parties shall cooperate fully with each other and shall make available to the other, as reasonably requested and at the expense of the requesting Party, and to any Governmental Authority responsible for the administration of any tax, all information, records or documents relating to tax liabilities or potential tax liabilities of the Seller for all periods at or prior to the Effective Time and any information which may be relevant to determining the amount payable under this Agreement, and shall preserve all such information, records and documents at least until the expiration of any applicable statute of limitations or extensions thereof.
6.4    Cooperation for Litigation and Other Actions.  Each Party shall cooperate reasonably with the other Party, at the requesting Party’s expense (but including only out-of-pocket expenses to unaffiliated third parties, photocopying and delivery costs and not the costs incurred by any Party for the wages or other benefits paid to its officers, directors or employees), in furnishing reasonably available information, testimony and other assistance in connection with any proceedings, tax audits or other Disputes involving any of the Parties hereto (other than in connection with Disputes between the Parties).
6.5    Retention of and Access to Books and Records. 

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(a)    As promptly as practicable and in any event before 30 days after the Closing Date, the Seller will deliver or cause to be delivered to the Buyer, the Books and Records that are in the possession or control of the Seller or its Affiliates. 
(b)    The Buyer agrees to afford the Seller and its Affiliates and their respective accountants, counsel and other designated individuals, during normal business hours, upon reasonable request, at a mutually agreeable time, full access to and the right to make copies of the Books and Records at no cost to the Seller or its Affiliates (other than for reasonable out-of-pocket expenses); provided that such access will not be construed to require the disclosure of Books and Records that would cause the waiver of any attorney-client, work product or like privilege; provided, further, that in the event of any litigation, nothing herein shall limit any Party’s rights of discovery under Applicable Law. Without limiting the generality of the preceding sentences, the Buyer agrees to provide the Seller and its Affiliates reasonable access to and the right to make copies of the Books and Records after the Closing for the purposes of assisting the Seller and its Affiliates (a) in complying with the Seller’s obligations under this Agreement, (b) in preparing and delivering any accounting statements provided for under this Agreement and adjusting, prorating and settling the charges and credits provided for in this Agreement, (c) in owning or operating the Excluded Assets, (d) in preparing tax returns, (e) in responding to or disputing any tax audit, (f) in asserting, defending or otherwise dealing with any claim or dispute, known or unknown, under this Agreement or with respect to Excluded Assets or (g) in asserting, defending or otherwise dealing with any third party claim or dispute by or against the Seller or its Affiliates relating to the Transferred Assets.
6.6    Tanks Under Construction.  Tanks T051, T119, T198, T240 and T244 at the El Dorado Refinery (such storage tanks, together with all spheres, bullets, valves, pumps, meters, recorders, fittings, improvements and other equipment related thereto, the “Under Construction Tanks”) are under construction and, as of the date of this Agreement, such construction is incomplete. The Under Construction Tanks are owned by the Seller and have not been transferred to the Buyer prior to or contemporaneously with the Closing. Following the Closing, the Seller agrees that it shall complete the construction of the Under Construction Tanks in an expeditious and diligent manner and at the Seller’s sole cost and expense, and the Buyer shall be entitled to participate in all stages of planning, scheduling, implementing and oversight of the construction. Upon completion of the construction of any Under Construction Tank, the Seller shall take such further actions and execute such further documents as may be necessary or reasonably requested by the Buyer to convey title to it, free and clear of all Encumbrances, other than Permitted Encumbrances, to the Buyer. Prior to the conveyance of any Under Construction Tank as described in the prior sentence, risk of loss for such Under Construction Tank shall remain with the Seller, and any loss, destruction or damage to such tank shall not relieve the Seller of the obligation to diligently construct and convey such tank as described herein. Notwithstanding the foregoing, the Seller shall not be entitled to any consideration for conveyance of any Under Construction Tank other than the consideration received under Section 2.5, and conveyance of the Under Construction Tanks shall not affect the Seller’s obligations under the Throughput and Tankage Agreement. Following the conveyance of each Under Construction Tank, the terms “Transferred Assets” and “Tankage” shall be deemed to include such Tank, as applicable, for all purposes, including (i) breaches of representations and warranties hereunder and any indemnification to which the Buyer is entitled as a result thereof, and (ii) any Ancillary 

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Documents containing provisions or defined terms that refer to or derive their meaning from the definition of “Transferred Assets” under this Agreement.  
6.7    Environmental Consent Decree.  Upon the Seller’s request, the Buyer will execute a modification to the Environmental Consent Decree that makes the Buyer responsible for complying with the terms and conditions of the Environmental Consent Decree as may be required by the United States Environmental Protection Agency.  The Parties acknowledge that the prior sentence does not affect the indemnity in Section 3.1(a)(vi) of the Restated Omnibus Agreement.
6.8    Permits.  During the term of the Throughput and Tankage Agreement, (a) the Seller shall maintain all Permits necessary for the operation of the Transferred Assets, and (b) if the Buyer reasonably determines that it is necessary to transfer any such Permits to the Buyer or its designee, the Seller shall, at its own expense, take such actions as are necessary to transfer such Permits.
                                                                ARTICLE VII     
INDEMNIFICATION 
7.1    Indemnification of Buyer and Seller.  From and after the Closing and subject to the provisions of this Article VII, (i) the Seller agrees to indemnify and hold harmless the Buyer Indemnified Parties from and against any and all Buyer Indemnified Costs and (ii) Buyer agrees to indemnify and hold harmless the Seller Indemnified Parties from and against any and all Seller Indemnified Costs. For the avoidance of doubt, the foregoing indemnification is intended to be in addition to and not in limitation of any indemnification to which the Parties may be entitled under the Ancillary Documents.
7.2    Defense of Third-Party Claims.  An Indemnified Party shall give prompt written notice to Seller or Buyer, as applicable (the “Indemnifying Party”), of the commencement or assertion of any action, proceeding, demand, or claim by a third party (collectively, a “third-party action”) in respect of which such Indemnified Party seeks indemnification hereunder. Any failure so to notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability that it, he, or she may have to such Indemnified Party under this Article VII unless the failure to give such notice materially and adversely prejudices the Indemnifying Party. The Indemnifying Party shall have the right to assume control of the defense of, settle, or otherwise dispose of such third-party action on such terms as it deems appropriate; provided, however, that: 
(a)    The Indemnified Party shall be entitled, at its own expense, to participate in the defense of such third-party action (provided, however, that the Indemnifying Party shall pay the attorneys’ fees of the Indemnified Party if (i) the employment of separate counsel shall have been authorized in writing by any the Indemnifying Party in connection with the defense of such third-party action, (ii) the Indemnifying Party shall not have employed counsel reasonably satisfactory to the Indemnified Party to have charge of such third-party action, (iii) the Indemnified Party shall have reasonably concluded that there may be defenses available to such Indemnified Party that are different from or additional to those available to the Indemnifying Party, or (iv) the Indemnified Party’s counsel shall have advised the Indemnified Party in writing, with a copy delivered to the Indemnifying Party, that there is a material conflict of interest that could violate applicable standards of professional conduct to have common counsel); 

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(b)    The Indemnifying Party shall obtain the prior written approval of the Indemnified Party before entering into or making any settlement, compromise, admission, or acknowledgment of the validity of such third-party action or any liability in respect thereof if, pursuant to or as a result of such settlement, compromise, admission, or acknowledgment, injunctive or other equitable relief would be imposed against the Indemnified Party or if, in the opinion of the Indemnified Party, such settlement, compromise, admission, or acknowledgment could have a material adverse effect on its business; 
(c)    The Indemnifying Party shall not consent to the entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by each claimant or plaintiff to each Indemnified Party of a release from all liability in respect of such third-party action; and 
(d)    The Indemnifying Party shall not be entitled to control (but shall be entitled to participate at its own expense in the defense of), and the Indemnified Party shall be entitled to have sole control over, the defense or settlement, compromise, admission, or acknowledgment of any third-party action (i) as to which the Indemnifying Party fails to assume the defense within a reasonable length of time or (ii) to the extent the third-party action seeks an order, injunction, or other equitable relief against the Indemnified Party which, if successful, would materially adversely affect the business, operations, assets, or financial condition of the Indemnified Party; provided, however, that the Indemnified Party shall make no settlement, compromise, admission, or acknowledgment that would give rise to liability on the part of any Indemnifying Party without the prior written consent of such Indemnifying Party. 
The Parties shall extend reasonable cooperation in connection with the defense of any third-party action pursuant to this Article VII and, in connection therewith, shall furnish such records, information, and testimony and attend such conferences, discovery proceedings, hearings, trials, and appeals as may be reasonably requested. 
7.3    Direct Claims.  In any case in which an Indemnified Party seeks indemnification hereunder which is not subject to Section 7.2 because no third-party action is involved, the Indemnified Party shall notify the Indemnifying Party in writing of any Indemnified Costs which such Indemnified Party claims are subject to indemnification under the terms hereof.  Subject to the limitations set forth in Section 7.4(a), the failure of the Indemnified Party to exercise promptness in such notification shall not amount to a waiver of such claim unless the resulting delay materially prejudices the position of the Indemnifying Party with respect to such claim. 
7.4    Limitations.  The following provisions of this Section 7.4 shall limit the indemnification obligations hereunder: 
(a)    The Indemnifying Party shall not be liable for any Indemnified Costs pursuant to this Article VII unless a written claim for indemnification in accordance with Section 7.2 or Section 7.3 is given by the Indemnified Party to the Indemnifying Party with respect thereto on or before 5:00 p.m., Houston, Texas time, on or prior to the first anniversary of the Closing Date; provided, however, that written claims for indemnification (i) for Indemnified Costs arising out of (x) a breach of any representation or warranty contained in Sections 4.1, 4.2, 4.6, 4.7, 5.1, 5.2 and 

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5.5 (the “Fundamental Representations”) or (y) an Excluded Liability may be made at any time and (ii) for Indemnified Costs arising out of a breach of any covenant may be made at any time prior to the expiration of such covenant according to its terms. 
(b)    An Indemnifying Party shall not be obligated to pay for any Indemnified Costs under this Article VII until the amount of all such Indemnified Costs exceeds, in the aggregate, $500,000, in which event Indemnifying Party shall pay or be liable for all such Indemnified Costs from the first dollar.  The aggregate liability of an Indemnifying Party under this Article VII shall not exceed $17,500,000.  The limitations in the previous two sentences shall not apply to Indemnified Costs to the extent such costs arise out of (i) a breach of any Fundamental Representations or (ii) an Excluded Liability.
(c)    Each Party acknowledges and agrees that, after the Closing Date, notwithstanding any other provision of this Agreement to the contrary, the Buyer’s and the other Buyer Indemnified Parties’ and the Seller’s and the other Seller Indemnified Parties’ sole and exclusive remedy with respect to the Indemnified Costs shall be in accordance with, and limited by, the provisions set forth in this Article VII. The Parties further acknowledge and agree that the foregoing is not the remedy for and does not limit the Parties’ remedies for matters covered by the indemnification provisions contained in the Ancillary Documents.  Any indemnification obligation of the Seller to the Buyer Indemnified Parties on the one hand, or the Buyer to the Seller Indemnified Parties on the other hand, pursuant to this Article VII shall be reduced by an amount equal to any indemnification recovery by such Indemnified Parties pursuant to the other Ancillary Documents between the Parties to the extent that such other indemnification recovery arises out of the same event or circumstance giving rise to the indemnification obligation of the Seller or the Buyer, respectively, hereunder.
7.5    Tax Related Adjustments.  The Seller and the Buyer agree that any payment of Indemnified Costs made hereunder will be treated by the Parties on their tax returns as an adjustment to the Purchase Price. 
                                                                ARTICLE VIII     
MISCELLANEOUS 
8.1    Expenses.  Except as provided in Section 3.4 of this Agreement, or as provided in the Ancillary Documents or the Restated Omnibus Agreement, all costs and expenses incurred by the Parties in connection with the consummation of the transactions contemplated hereby shall be borne solely and entirely by the Party which has incurred such expense. For the avoidance of doubt, the Buyer shall be responsible for all costs and expenses (including attorneys’ fees and expenses) incurred by the conflicts committee of the General Partner in connection with this Agreement and the transactions contemplated herein. Except as this Agreement otherwise provides, the Seller, on the one hand, and the Buyer, on the other, shall each be responsible for 50% of the payment of the aggregate costs associated with obtaining the consents, approvals or authorizations necessary to effect the transfer of the Transferred Assets to the Buyer as contemplated herein.
8.2    Notices.  All notices, requests, demands, and other communications hereunder will be in writing and will be deemed to have been duly given: (a) if by transmission by facsimile or 

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hand delivery, when delivered; (b) if mailed via the official governmental mail system, five Business Days after mailing, provided that said notice is sent first class, postage pre-paid, via certified or registered mail, with a return receipt requested; (c) if mailed by an internationally recognized overnight express mail service such as FedEx, UPS, or DHL Worldwide, one Business Day after deposit therewith is prepaid; or (d) if by e-mail, one Business day after delivery with receipt is confirmed.  All notices will be addressed to the Parties at the respective addresses as follows:
if to the Seller:
Lion Oil Company 
c/o Delek US Holdings, Inc. 
7102 Commerce Way 
Brentwood, TN 37027 
Attn:  General Counsel 
Telecopy No: (615) 435-1271

with a copy, which shall not constitute notice, to: 

Lion Oil Company 
c/o Delek US Holdings, Inc. 
7102 Commerce Way 
Brentwood, TN 37027 
Attn:  President 
Telecopy No: (615) 435-1271

if to the Buyer:
Delek Logistics Operating, LLC 
c/o Delek Logistics GP, LLC 
7102 Commerce Way 
Brentwood, TN 37027 
Attn: General Counsel 
Telecopy No: (615) 435-1271

with a copy, which shall not constitute notice, to: 

Delek Logistics Operating, LLC 
c/o Delek Logistics GP, LLC 
7102 Commerce Way 
Brentwood, TN 37027 
Attn: President 
Telecopy No: (615) 435-1271

or to such other address or to such other person as either Party will have last designated by notice to the other Party.

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8.3    Severability.  Whenever possible, each provision of this Agreement will be interpreted in such manner as to be valid and effective under Applicable Law, but if any provision of this Agreement or the application of any such provision to any person or circumstance will be held invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision hereof, and the Parties will negotiate in good faith with a view to substitute for such provision a suitable and equitable solution in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision. 
8.4    Governing Law.  This Agreement shall be subject to and governed by the laws of the State of Texas, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the laws of another state. 
8.5    Arbitration Provision.  Any and all Disputes shall be resolved through the use of binding arbitration using three arbitrators, in accordance with the Commercial Arbitration Rules of the American Arbitration Association, as supplemented to the extent necessary to determine any procedural appeal questions by the Federal Arbitration Act (Title 9 of the United States Code).  If there is any inconsistency between this Section 8.5 and the Commercial Arbitration Rules or the Federal Arbitration Act, the terms of this Section 8.5 will control the rights and obligations of the Parties.  Arbitration must be initiated within the time limits set forth in this Agreement, or if no such limits apply, then within a reasonable time or the time period allowed by the applicable statute of limitations.  Arbitration may be initiated by a Party (“Claimant”) serving written notice on the other Party (“Respondent”) that the Claimant elects to refer the Dispute to binding arbitration.  Claimant’s notice initiating binding arbitration must identify the arbitrator Claimant has appointed.  The Respondent shall respond to Claimant within 30 days after receipt of Claimant’s notice, identifying the arbitrator Respondent has appointed.  If the Respondent fails for any reason to name an arbitrator within the 30-day period, Claimant shall petition the American Arbitration Association for appointment of an arbitrator for Respondent’s account.  The two arbitrators so chosen shall select a third arbitrator within 30 days after the second arbitrator has been appointed.  The Claimant will pay the compensation and expenses of the arbitrator named by or for it, and the Respondent will pay the compensation and expenses of the arbitrator named by or for it.  The costs of petitioning for the appointment of an arbitrator, if any, shall be paid by Respondent.  The Claimant and Respondent will each pay one-half of the compensation and expenses of the third arbitrator.  All arbitrators must (i) be neutral parties who have never been officers, directors or employees of the Seller, the Buyer or any of their Affiliates and (ii) have not less than seven years’ experience of in the energy industry.  The hearing will be conducted in Houston, Texas and commence within 30 days after the selection of the third arbitrator.  The Seller, the Buyer and the arbitrators shall proceed diligently and in good faith in order that the award may be made as promptly as possible.  Except as provided in the Federal Arbitration Act, the decision of the arbitrators will be binding on and non-appealable by the Parties hereto.  The arbitrators shall have no right to grant or award Special Damages  in favor of Seller, on one hand (except to the extent such Special Damages (a) are awarded to a third-party or (b) are the result of the gross negligence or willful misconduct of the Buyer), or Buyer, on the other hand (except to the extent such Special Damages (x) are awarded to a third-party, (y) are the result of the gross negligence or willful misconduct of the Seller, or (z) the failure of the Seller to perform its obligations under Section 6.8).

21

8.6    Confidentiality.
(a)    Obligations. Each Party shall use commercially reasonable efforts to retain the other Party’s Confidential Information in confidence and not disclose the same to any third party nor use the same, except as authorized by the disclosing Party in writing or as expressly permitted in this Section 8.6.  Each Party further agrees to take the same care with the other Party’s Confidential Information as it does with its own, but in no event less than a reasonable degree of care. 
(b)    Required Disclosure. Notwithstanding Section 8.6(a) above, if the receiving Party becomes legally compelled to disclose the Confidential Information by a court, Governmental Authority or Applicable Law, including the rules and regulations of the Securities and Exchange Commission, or is required to disclose pursuant to the rules and regulations of any national securities exchange upon which the receiving Party or its parent entity is listed, any of the disclosing Party’s Confidential Information, the receiving Party shall promptly advise the disclosing Party of such requirement to disclose Confidential Information as soon as the receiving Party becomes aware that such a requirement to disclose might become effective, in order that, where possible, the disclosing Party may seek a protective order or such other remedy as the disclosing Party may consider appropriate in the circumstances.  The receiving Party shall disclose only that portion of the disclosing Party’s Confidential Information that it is required to disclose and shall cooperate with the disclosing Party in allowing the disclosing Party to obtain such protective order or other relief.
(c)    Return of Information. Upon written request by the disclosing Party, all of the disclosing Party’s Confidential Information in whatever form shall be returned to the disclosing Party upon termination of this Agreement or destroyed with destruction certified by the receiving Party, without the receiving Party retaining copies thereof except that one copy of all such Confidential Information may be retained by a Party’s legal department solely to the extent that such Party is required to keep a copy of such Confidential Information pursuant to Applicable Law, and the receiving Party shall be entitled to retain any Confidential Information in the electronic form or stored on automatic computer back-up archiving systems during the period such backup or archived materials are retained under such Party’s customary procedures and policies; provided, however, that any Confidential Information retained by the receiving Party shall be maintained subject to confidentiality pursuant to the terms of this Section 8.6, and such archived or back-up Confidential Information shall not be accessed except as required by Applicable Law.
(d)    Receiving Party Personnel. The receiving Party will limit access to the Confidential Information of the disclosing Party to those of its employees, attorneys and contractors that have a need to know such information in order for the receiving Party to exercise or perform its rights and obligations under this Agreement (the “Receiving Party Personnel”).  The Receiving Party Personnel who have access to any Confidential Information of the disclosing Party will be made aware of the confidentiality provision of this Agreement, and will be required to abide by the terms thereof.  Any third party contractors that are given access to Confidential Information of a disclosing Party pursuant to the terms hereof shall be required to sign a written agreement pursuant to which such Receiving Party Personnel agree to be bound by the provisions of this Agreement, which written agreement will expressly state that it is enforceable against such Receiving Party Personnel by the disclosing Party.

22

(e)    Survival. The obligation of confidentiality under this Section 8.6 shall survive the termination of this Agreement for a period of two years.
8.7    Parties in Interest.  This Agreement shall be binding upon and inure solely to the benefit of each Party hereto and their successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to confer upon any other Person (other than the Indemnified Parties with respect to Article VII) any rights or remedies of any nature whatsoever under or by reason of this Agreement. 
8.8    Assignment of Agreement.  Neither this Agreement nor any of the rights, interests, or obligations hereunder may be assigned by any Party without the prior written consent of the other Party hereto. 
8.9    Captions.  The captions in this Agreement are for purposes of reference only and shall not limit or otherwise affect the interpretation hereof. 
8.10    Counterparts.  This Agreement may be executed in one or more counterparts (including by facsimile or portable document format (pdf)) for the convenience of the Parties hereto, each of which counterparts will be deemed an original, but all of which counterparts together will constitute one and the same agreement. 
8.11    Integration.  This Agreement, the Ancillary Documents and the Restated Omnibus Agreement supersede any previous understandings or agreements among the Parties, whether oral or written, with respect to their subject matter. This Agreement, the Ancillary Documents and the Restated Omnibus Agreement contain the entire understanding of the Parties with respect to the subject matter hereof and thereof. No understanding, representation, promise or agreement, whether oral or written, is intended to be or shall be included in or form part of this Agreement, the Ancillary Documents or the Restated Omnibus Agreement unless it is contained in a written amendment hereto or thereto and executed by the Parties hereto or thereto after the date of this Agreement, the Ancillary Documents or the Restated Omnibus Agreement. 
8.12    Amendment; Waiver.  This Agreement may be amended only in a writing signed by all Parties. Any waiver of rights hereunder must be set forth in writing. A waiver of any breach or failure to enforce any of the terms or conditions of this Agreement shall not in any way affect, limit or waive any Party’s rights at any time to enforce strict compliance thereafter with every term or condition of this Agreement. 
8.13    Survival of Representations and Warranties.  The representations and warranties set forth in this Agreement shall survive the Closing until 5:00 p.m., Houston, Texas time, on the first anniversary of the Closing Date; provided, however, that (a) any representation and warranty that is the subject of a claim for indemnification hereunder which claim was timely made pursuant to Section 7.4(a) shall survive with respect to such claim until such claim is finally paid or adjudicated and (b) the Fundamental Representations shall survive indefinitely. 
                                                                 ARTICLE IX     
INTERPRETATION 

23

9.1    Interpretation.  It is expressly agreed that this Agreement shall not be construed against any Party, and no consideration shall be given or presumption made, on the basis of who drafted this Agreement or any particular provision hereof or who supplied the form of Agreement. Each Party agrees that this Agreement has been purposefully drawn and correctly reflects its understanding of the transaction that this Agreement contemplates. In construing this Agreement: 
(a)    examples shall not be construed to limit, expressly or by implication, the matter they illustrate; 
(b)    the word “includes” and its derivatives means “includes, but is not limited to” and corresponding derivative expressions; 
(c)    a defined term has its defined meaning throughout this Agreement and each Exhibit, Annex or Schedule to this Agreement, regardless of whether it appears before or after the place where it is defined; 
(d)    each Exhibit, Annex and Schedule to this Agreement is a part of this Agreement, but if there is any conflict or inconsistency between the main body of this Agreement and any Exhibit, Annex or Schedule, the provisions of the main body of this Agreement shall prevail; 
(e)    the term “cost” includes expense and the term “expense” includes cost; 
(f)    the headings and titles herein are for convenience only and shall have no significance in the interpretation hereof; 
(g)    the inclusion of a matter on a Schedule in relation to a representation or warranty shall not be deemed an indication that such matter necessarily would, or may, breach such representation or warranty absent its inclusion on such Schedule; 
(h)    any reference to a statute, regulation or law shall include any amendment thereof or any successor thereto and any rules and regulations promulgated thereunder; 
(i)    currency amounts referenced herein, unless otherwise specified, are in U.S. Dollars; 
(j)    unless the context otherwise requires, all references to time shall mean time in Houston, Texas; 
(k)    whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified; and 
(l)    if a term is defined as one part of speech (such as a noun), it shall have a corresponding meaning when used as another part of speech (such as a verb). 
9.2    References, Gender, Number.  All references in this Agreement to an “Article,” “Section,” “subsection,” “Exhibit” or “Schedule” shall be to an Article, Section, subsection, Exhibit or Schedule of this Agreement, unless the context requires otherwise. Unless the context clearly 

24

requires otherwise, the words “this Agreement,” “hereof,” “hereunder,” “herein,” “hereby,” or words of similar import shall refer to this Agreement as a whole and not to a particular Article, Section, subsection, clause or other subdivision hereof. Cross references in this Agreement to a subsection or a clause within a Section may be made by reference to the number or other subdivision reference of such subsection or clause preceded by the word “Section.” Whenever the context requires, the words used herein shall include the masculine, feminine and neuter gender, and the singular and the plural. 
[Remainder of page intentionally left blank. Signature page follows.]

25

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first set forth above. 
BUYER: 

DELEK LOGISTICS OPERATING, LLC  
 
 
 
By:  /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz     
Title: Executive Vice President     
By:  /s/ H. Pete Daily     
Name: H. Pete Daily     
Title: Executive Vice President 
 
 
SELLER: 

LION OIL COMPANY 
 
 
By:  /s/ H. Pete Daily     
Name: H. Pete Daily     
Title: Executive Vice President     
By:  /s/ Kent B. Thomas     
Name: Kent B. Thomas     
Title: Executive Vice President

[Signature Page to Asset Purchase Agreement]

Schedule 2.2(a) 
Terminal
Located at the El Dorado refinery, the terminal consists of a truck loading rack with three loading bays supplied by pipeline from storage tanks located at the refinery. 

Schedule 2.2(b) 
Tankage
		
	1. 
	Tanks (“Tanks”) described on Annex 1 attached hereto.

		
	2. 
	Equipment used in connection with the operation of the tanks described on Annex 2 attached hereto.

		
	3. 
	Internal load racks located on the Premises (as defined in the Lease and Access Agreement).

		
	4. 
	Any crude oil or refined product pipelines to the extent the same run on, below, above and/or within the Premises and that connect into the Tanks.

The following shall not be included in the items above, and shall be considered Excluded Assets:
		
	1. 
	Any crude oil or refined product pipelines that run on, below, above and/or within the El Dorado Refinery (including the Premises) that do not connect into the Tanks.

		
	2. 
	Any crude oil or refined product pipelines to the extent the same run on, below, above and/or within the El Dorado Refinery (excluding the Premises).

Annex 1
El Dorado Refinery Tanks

	
			
	Tank
	Area
	Shell Capacity

	T007
	LOT
	18,145.17

	T019
	#4,#8&#11
	2,290.94

	T024
	PMA
	3,447.80

	T036
	PH
	4,390.60

	T042
	#4,#8&#11
	765.50

	T043
	#4,#8&#11
	572.75

	T054
	PH
	15,086.64

	T059
	PH
	9,068.54

	T061
	PH
	20,127.60

	T062
	PH
	20,140.80

	T063
	PH
	8,486.40

	T064
	PH
	9,463.19

	T065
	PH
	10,113.60

	T066
	PH
	14,584.03

	T067
	PH
	14,584.03

	T082
	PH
	20,081.38

	T084
	PH
	10,109.60

	T085
	PH
	8,366.59

	T088
	PH
	20,121.60

	T089
	PH
	20,121.60

	T098
	AP
	1,005.53

	T103
	PH
	54,941.59

	T108
	PH
	48,373.44

	T109
	PH
	55,367.20

	T113
	PH
	60,307.42

	T114
	PH
	55,332.73

	T115
	PH
	55,328.97

	T120
	PH
	76,742.54

	T121
	PH
	79,649.85

	T122
	PH
	77,846.18

	T123
	PH
	79,722.49

	T124
	PH
	53,787.39

	T126
	PH
	54,504.81

	T128
	PH
	80,298.71

	T146
	PH
	711.62

	T147
	PH
	713.05

	
			
	T148
	PH
	714.19

	T149
	PH
	2,570.92

	T155
	PH
	524.58

	T167
	AP
	1,332.80

	T168
	AP
	1,332.80

	T180
	PMA
	301.14

	T184
	PH
	955.73

	T185
	PH
	1,784.65

	T186
	PH
	706.60

	T187
	PH
	817.17

	T189
	PH
	713.61

	T191
	PH
	150,386.36

	T194
	#5 & #14
	604.50

	T195
	#5 & #14
	604.50

	T196
	#5 & #14
	604.50

	T197
	#5 & #14
	524.52

	T199
	AP
	1,892.60

	T217
	#7,#10&#12
	73.00

	T241
	#5 & #14
	2,795.95

	T242
	#5 & #14
	2,795.95

	T243
	#5 & #14
	3,265.24

	T245
	#5 & #14
	3,135.30

	T246
	#5 & #14
	3,135.30

	T247
	#5 & #14
	5,140.70

	T262
	PH
	5,040.55

	T263
	PH
	5,040.55

	T264
	PH
	5,039.58

	T265
	PH
	5,039.58

	T268
	LOT
	462.79

	T269
	LOT
	462.79

	T271
	PH
	9,230.50

	T272
	PH
	1,010.61

	T273
	PH
	1,010.61

	T274
	PH
	1,010.61

	T282
	WWTP
	2,719.37

	T283
	WWTP
	2,719.37

	T353
	AP
	1,412.70

	T354
	AP
	1,391.00

	T356
	AP
	285.16

	T357
	AP
	107.43

	
			
	T360
	#5 & #14
	15,091.60

	T361
	#5 & #14
	15,094.93

	T362
	#5 & #14
	598.30

	T363
	#5 & #14
	595.39

	T364
	#5 & #14
	1,007.24

	T365
	#5 & #14
	1,007.24

	T366
	#5 & #14
	697.00

	T367
	#5 & #14
	5,117.19

	T368
	#5 & #14
	10,106.68

	T371
	#5 & #14
	10,098.90

	T372
	#5 & #14
	10,108.50

	T531
	PH
	13,368.00

	T532
	PH
	31,786.04

	T536
	#5 & #14
	15,130.91

	T540
	Trucking
	241.71

	T552
	Trucking
	241.71

	T554
	PMA
	107.72

	T571
	AP
	142.05

	T051
	PH
	11,956.94

	T198
	#5 & #14
	519.50

	T240
	#5 & #14
	3,030.67

	T244
	#5 & #14
	2,060.28

	T004
	LOT
	5,130.60

	T009
	LOT
	1,283.51

	T053
	LOT
	7,866.30

	T140
	LOT
	992.02

	T141
	LOT
	996.49

	T142
	LOT
	2,015.66

	T143
	LOT
	2,015.66

	T144
	LOT
	125.34

	T188
	PH
	5,033.07

	T275
	WWTP
	1,723.00

	T276
	WWTP
	1,734.00

	T277
	WWTP
	4,418.00

	T278
	WWTP
	4,424.00

	T279
	WWTP
	42,893.71

	T280
	WWTP
	42,893.71

	T373
	LOT
	1,008.10

	T374
	#7,#10&#12
	342.74

	T393
	WWTP
	143.19

	
			
	T394
	WWTP
	286.21

	T432
	LOT
	2,030.74

	T449
	WWTP
	241.00

	T541
	LOT
	5,036.00

	T542
	LOT
	5,036.00

	T543
	LOT
	5,036.00

	T545
	WWTP
	23,367.03

	T546
	WWTP
	23,367.03

	T547
	PH
	290.24

	T023
	AP
	1,999.70

	T039
	#4,#8&#11
	5,116.70

	T040
	#4,#8&#11
	3,684.90

	T041
	#4,#8&#11
	3,802.37

	T076
	#4,#8&#11
	36,397.84

	T078
	AP
	5,171.20

	T101
	AP
	54,990.80

	T102
	#4,#8&#11
	55,332.49

	T104
	#4,#8&#11
	55,322.84

	T105
	#4,#8&#11
	64,025.44

	T112
	PMA
	151,130.00

	T219
	AP
	55,956.49

	T348
	AP
	5,264.45

	T349
	AP
	5,288.26

	T350
	AP
	1,412.70

	T351
	AP
	1,412.70

	T352
	AP
	1,412.70

	T355
	AP
	1,006.10

	T382
	PMA
	5,214.53

	T383
	PMA
	5,192.02

	T384
	PMA
	3,149.72

	T385
	PMA
	3,065.13

	T386
	PMA
	3,063.79

	T387
	PMA
	3,065.25

	T544
	AP
	5,295.45

	T548
	PMA
	100,328.00

	T553
	PMA
	1,521.75

	T107
	AP
	55,291.28

	T110
	AP
	55,747.56

	T175
	AP
	4,815.73

	T119
	PH
	30,000.00

	
			
	T125
	PH
	55,089.48

	T549
	PH
	143.24

	
			
	Annex 2

	El Dorado Refinery Equipment

	 
	 
	 

	Asset
	Asset description
	 

	5000000108
	REPAIR RR TRACKS E&W CUTBACK RACK
	 

	5000000109
	REPAIR RR @ RACK & SWITCH @ PC PLANT
	 

	5000000111
	REAPLACE CROSS TIES & REPAIR RR CROSSING
	 

	5000001731
	LT ST RUN UNLOADING FACILITY
	 

	5000001732
	ASPHALT STOR & HAND MT PLEASA
	 

	5000001733
	LIGHT STRAIGHT RUN UNLOADING
	 

	5000001734
	FUEL DISPENSING FACILITY
	 

	5000000729
	Steam Trace & Insulate Block House to 63 Tk Line
	 

	5000001439
	REPLACE FLUX BUCKED METERS
	 

	5000001769
	ADDTL PUMP @ 112 TANK
	 

	5000001771
	CRUDE BOOSTER PUMP
	 

	5000001775
	DIESEL ENGINE FOR CRUDE PUMP
	 

	5000000746
	REPLACE PIPING ON TANK 140
	 

	5000001398
	RPLCE HT CT FEED LINE W/22758
	 

	5000000136
	MOTOR CONTROLERS ASPHALT TRANSFER PUMPS
	 

	5000000257
	76 TANK TRANSFER PUMP
	 

	5000000293
	PUMP FOR 39  40  41 & 102 TANKS
	 

	5000000454
	SCREW PUMP #11 CHARGE SERVICE
	 

	5000000476
	REPLACE CARTRIDGE ASSEMBLY FOR #11 CHARGE PUMP
	 

	5000001570
	REWORK #11 UNIT CHARGE PUMP
	 

	5000001857
	INSTALL MIXER IN #40 TANK
	 

	5000000130
	SOUR WATER FEED LINE TO #14 BACKUP FROM #7 TANK
	 

	5000001901
	NEW PUMP FOR 145 TANK
	 

	5000001903
	MINERAL SPIRITS STORAGE TANK
	 

	5000000165
	PMA HEATER BLOWER
	 

	5000000381
	PMA LOADING RACR STRAINERS
	 

	5000000493
	5GRJ CAST STEEL PUMP @PMA
	 

	5000000815
	BUNDRICK LOADING ARMS AT PMA SOUTH RACK
	 

	5000001355
	POLYMER LETDOWN FACILITY
	 

	5000001418
	RADAR GAUGE PMA MIX TANK
	 

	5000000358
	INSTALL PMA TK VENT CONTROLS
	 

	5000001927
	SPENT ACID LOADING LINE
	 

	5000001929
	SULFURIC ACID UNLOADING HOSES
	 

	5000001639
	ASPLT PLNT BLWR LOW TEMP SHTDN
	 

	5000000396
	TRAVAINI VACUUM PUMP
	 

	5000000401
	LIGHT OIL LOADING RACK METERS
	 

	5000000416
	LUBRICITY ADDITIVE ESSYEM EL DORADO RACK - 75%
	 

	5000000417
	LUBRICITY ADDITIVE ESSYEM EL DORADO RACK 25%
	 

	5000000441
	ELDORADO TRUCK RACK CARD READER
	 

	5000000501
	ELECTRONIC LEVEL GAUGE FOR 119 TANK
	 

	5000000696
	UPGRADE TRUCK RACK TO ACU-LOAD III
	 

	
			
	5000000744
	DIESEL MOISTURE ANALYZER
	 

	5000000818
	SANDHILL/GAS LOADING RACK SAFETY SHOWER
	 

	5000001320
	TRUCK RACK VAPOR RECOVERY UNIT
	 

	5000001321
	UPGRADE 1VD ADDITIVE INJECTORS
	 

	5000001340
	(6) DIESEL METER PRESENT IMP
	 

	5000001341
	HIGH SULFUR DIESEL @TRUCK RACK
	 

	5000001420
	ELECTRONIC PRESETS-TRUCK RACK
	 

	5000001421
	TRUCK RACK ELEC PRESET IMPROV
	 

	5000001480
	GASOLINE RACK PROVING LINE
	 

	5000001575
	GASOLINE RACK RAIN WTR MODS
	 

	5000001576
	GASOLINE RACK RAIN WATER MOD'S
	 

	5000001577
	GAS RACK RAIN WATER MODS
	 

	5000001590
	TRUCK RK VPR RCVRY UNIT/21789
	 

	5000001591
	TRUCK RACK VAPOR RCVRY UNIT
	 

	5000001620
	ADDITIVE SYSTEM TANK 609
	 

	5000001977
	LIGHT OIL LOADING RACK
	 

	5000001978
	ARKLA FUEL GAS METERING
	 

	5000001979
	GATE PAK AUTO GAS ADDITIVE SYS
	 

	5000001980
	(6) DIESEL DYE INJECTION SYS
	 

	5000001981
	IVD ADDITIVE TANK-TRUCK RACK
	 

	5000001982
	GROUND VERIFICATION SYSTEM
	 

	5000001983
	GASOLINE BLENDING SYSTEM
	 

	5000001984
	UPGRADES FOR W GATE/TRK RACK
	 

	5000001985
	UPGRADES FOR W GATE TRUCK RACK
	 

	5000001986
	REPLACE RACK OVERFILL SYSTEM
	 

	5000001987
	1C-OGV INTELLITROL MODULE
	 

	5000001988
	GATE VALVE TANK 125
	 

	5000003409
	PORTABLE TRUCK PLATFORMS GAS/DIESEL LOADING
	 

	5000003410
	PORTABLE TRUCK PLATFORMS #114 UNLOADING
	 

	5000000163
	USED ASPHALT TRANSFER PUMP
	 

	5000000188
	LK SOLVENT PIPING
	 

	5000000190
	INSTALL EMISSION CONTROL @ PMA FACILITY
	 

	5000000232
	REPLACE EXPANSION JOINT TO FUME SCRUBBER
	 

	5000000234
	CRUDE PIPELINE UNDER HINSON ROAD
	 

	5000000344
	INSTALL TEMP SOLVENT TK @ ASP PLANT
	 

	5000000380
	PMA TANK EMISSION CONTROLS
	 

	5000000388
	PUMP BEARING HOUSING
	 

	5000000409
	INSTALL FOAM LINE TO 108 TK
	 

	5000000445
	CBO STORAGE FACILITY
	 

	5000000479
	TANK 105 FLUX LOADING SYSTEM
	 

	5000000489
	REPLACE FILL LINES @124 TANK
	 

	5000000491
	EXPAND PROPYLENE LDG CAPABILITY
	 

	5000000510
	PUMPS & PIPING FOR GAS OIL TRANSFER
	 

	5000000515
	"REPLACE PARALLELL CRUDE LINES W/12"" LINE"
	 

	5000000525
	#5 TANK FARM NITROGEN GAS BLANKETING
	 

	5000000560
	54 TANK BLANKETING SYSTEM
	 

	
			
	5000000565
	AMETEK MOD# DT8311 TEMERATURE INDICATOR - QTY 20
	 

	5000000581
	WORTHINGTON 6GRJ CAST STEEL PUMP FOR CANNING PLT
	 

	5000000582
	FAULK 2090FC2A Gear Box  for T105
	 

	5000000601
	60 GPM COALESCER
	 

	5000000607
	REPLACE ASPHALT LOADING PUMP
	 

	5000000628
	REPLACE FUME SCRUBBER TOWER
	 

	5000000637
	RELOCATE CRACK METER
	 

	5000000644
	ASPHALT TANKAGE MACT OPACITY CONTROLS
	 

	5000000654
	ASPHALT LINE INSULATION - T162 TO T353
	 

	5000000677
	KETTLE REBOILERS FOR DIESEL TANK 119
	 

	5000000678
	VERTICAL CRACK IMPELLER UPGRADE
	 

	5000000690
	REVISE SUCTION & FILL LINES @ 119TANK
	 

	5000000691
	REVISE SUCTION & FILL LINES @ 532 TANK
	 

	5000000692
	ACID SCRUBBERS
	 

	5000000714
	STAINLESS STEEL TOTE FOR BIOCIDE STORAGE
	 

	5000000739
	WINSMITH GEAR BOXES FOR WATER PLANT
	 

	5000000768
	REFINERY LIGHT SLOP TO 66 TANK
	 

	5000000770
	METAL PORTABLE HEATED BLDG FOR BIOCIDE TOTES
	 

	5000000793
	REDUCE REFINERY GAS BLENDING TIME
	 

	5000000796
	PUMPHOUSE DELTA V SYSTEM - HARDWARE
	 

	5000000798
	ASPHALT PLANT CONDENSATE RECEOVERY SYSTEM UPGRADE
	 

	5000000810
	12'' DIESEL LINE TO TEPPCO'S P5 TANK FARM
	 

	5000000836
	INSTALL 2ND NEW ASPHALT TANK (Tk 191)
	 

	5000000915
	Engineering Work for Product Shipment Improvements
	 

	5000000916
	EAST TRANSFER PUMP @ T039 & T040
	 

	5000000917
	WEST TRANSFER PUMP @ T039 & T040
	 

	5000000932
	FIBERGLASS FLOOR FOR T368
	 

	5000000937
	PUMP FOR T102 - WORTHINGTON 6GRJ CAST STEEL
	 

	5000000938
	Byron Jackson Pump Model 4x6x10L SC7 (from Teppco)
	 

	5000001081
	"SPILL STOP VAVLVE (4""-150#) ON T123"
	 

	5000001096
	Des-Case DC-14-3-30 Tank Breather for T320
	 

	5000001097
	3051L Liquid Level Transmitter for T320
	 

	5000001098
	751Remote Signal Indicator for T320
	 

	5000001119
	P-5 DENSITOMETER
	 

	5000001121
	PORTABLE RED DYE INJECTION
	 

	5000001124
	SOUR NAPHTHA UNLDG TO 240 TK
	 

	5000001125
	"3"" STEAM HEADER 118/111 TANKS"
	 

	5000001128
	REPLACE TANK 103 MANIFOLD/PUMP
	 

	5000001132
	HIGH PRESSURE SD SW P-5 LINES
	 

	5000001133
	CNTRL VALVE/WIZARD CONTR TK148
	 

	5000001134
	P-5 GAS DIESEL LEAK DETECTOR
	 

	5000001139
	UPGRADE GASOLINE BLEND SYSTEM
	 

	5000001140
	ADDITIVE INJECTION SYSTEM UPGRADE
	 

	5000001144
	"INST 6"" FILL LINE TO #61 TANK"
	 

	5000001146
	FIBER OPTIC COMM LINK T103
	 

	5000001147
	"REPLACE 6"" GASOLINE FILL LINE"
	 

	
			
	5000001148
	P-5 DIESEL METER REPLACEMENT
	 

	5000001149
	REBUILD STEAM PUMP
	 

	5000001312
	REPAIRS ELECTRIC MOTORS
	 

	5000001315
	CAP INT BED LINER
	 

	5000001324
	REPLACE #354 TANK PUMP
	 

	5000001326
	FLOATING ROOF SEALS120&123TNKS
	 

	5000001346
	"REPLACE 6"" GASOLINE FILL LINE"
	 

	5000001348
	GASOLINE SLOP SYSTEM
	 

	5000001402
	ASPHALT TRANSFER PUMP
	 

	5000001408
	GASOLINE BACK PRESSURE VALVES
	 

	5000001411
	PIPELINE BOOSTER PUMP DRIVER
	 

	5000001422
	NAPHTHA METER ASPHALT PLANT
	 

	5000001429
	FLAME ARRESTORS TANKS #243/244
	 

	5000001445
	REPAIR ASPHLT A/C
	 

	5000001458
	INSTL P5 DSL PUMP-ETHYL TRAP
	 

	5000001558
	FLTR SPRTR/ASPH PLNT GAS LINE
	 

	5000001571
	REPLACE 65 GASOLINE BLEND LINE
	 

	5000001573
	GASOLINE BLENDING SYS PHS II
	 

	5000001603
	RPLC T105 STM RD W ELEC PUMP
	 

	5000001612
	"6"" STRMLN-ASP PLNT & LDNG LN"
	 

	5000001629
	FUEL ADTV EQPMNT IN REFINERY
	 

	5000001908
	OXIDIZING BLOWER ASPHALT PLANT
	 

	5000001909
	REPLACE #73 TANK PUMP
	 

	5000001989
	STORAGE TANKS & PIPELINES
	 

	5000001990
	LUBE OIL TEST RUN #10 UNIT
	 

	5000001991
	TIE-IN #9 UNIT FEED LINE
	 

	5000001992
	TANK #58 SOUR WATER REMOVAL
	 

	5000001994
	REPLACE PUMP @ #52 TANK
	 

	5000001995
	REPLACE PUMP @ 114 TANK
	 

	5000002007
	LSR TO CRUDE INJECTION PUMP
	 

	5000002008
	REPLACE TANK @ 104 TANK
	 

	5000002009
	#25/58 TANKS TO #112 TANK
	 

	5000003197
	Drip Pan/Sump Pump Modifications@Aphalt Dike Walls
	 

	5000003203
	COKER FEED TO TYLER
	 

	5000003204
	OPEN, CLEAN & INSPECT 125 TANK
	 

	5000003205
	ETHANOL BLENDING PROJECT
	 

	5000003206
	Tank Vent Air Dryer (W)
	 

	5000003207
	Tank Vent Air Dryer (E)
	 

	5000003209
	Ethanol Pump Suction Air Release
	 

	5000003210
	Ethanol Pump Sdischarge Air Release
	 

	5000003281
	TANK 66 WATER DRAW-OFF PUMP UPGRADE
	 

	5000003298
	WIRELESS TRANSMITTER INSTALL ON PIPELINE
	 

	5000003332
	T105 - FLUX STORAGE
	 

	5000003336
	66TK Water Draw-off Pump
	 

	5000003411
	UNIFINER FEED STOCK
	 

	5000000124
	COVER FOR 66 TANK LOADING RACK
	 

	
			
	5000000186
	PROPANE MERCAPTAN INJECTION SYSTEM
	 

	5000000415
	TORQUE ARM PG 6420 LOADING RACK
	 

	5000000480
	DISTILLATE BLEND STOCK UNLOADING STATION
	 

	5000000484
	REPLACE NORTH PIT TRUCK SCALE
	 

	5000000516
	200 VLT STG. PUMP (PROPYLENE PUMP)
	 

	5000000732
	Replace Dropboards
	 

	5000000747
	MIDDLE PUMP AT TANK 219
	 

	5000000910
	CLOSED LOOP SAMPLE AR01-413CLS001
	 

	5000000911
	CLOSED LOOP SAMPLE AR01-413CLS002
	 

	5000000912
	CLOSED LOOP SAMPLE AR01-413CLS003
	 

	5000000913
	CLOSED LOOP SAMPLE AR01-413CLS004
	 

	5000000956
	ASPHALT TRUCK RACK VAPOR COLLECTION SYSTEM
	 

	5000001074
	3-WAY VALVES AT PROPYLENE LDG RACKS
	 

	5000001150
	LOADING RACKS
	 

	5000001151
	ASPHALT TANK CAR/LOADING SP
	 

	5000001152
	AC-20 LDG HEATER @ 219 TANK
	 

	5000001153
	SEGREGATE AC20 & AC30 LDG FAC
	 

	5000001154
	CHARG STOCK UNLOADING FACILITY
	 

	5000001155
	IMPROVE LT ST RUN (GAS UNLOAD)
	 

	5000001156
	STEEP ROOFING BULK LOADIN RACK
	 

	5000001157
	BUTANE EXCESS FLOW VALVE
	 

	5000001158
	PROPOLINE TRUCK LOADING RACK
	 

	5000001159
	RELOCATE TRK RACK SCALES-AMOCO
	 

	5000001161
	EXCESS FLOW CHECK VALVES
	 

	5000001162
	TREATED BFW FOR 219 TK BOILER
	 

	5000001163
	STEAM BLOWDOWN DRUM
	 

	5000001164
	SPENT ACID FUME SCRUBBER
	 

	5000001165
	EXPAND SPENT ACID LOADING RACK
	 

	5000001166
	ETHYL MERCAPTAN INJECTION
	 

	5000001168
	N2 TO ACIDE UNLOADING RACK
	 

	5000001169
	MODIFY LPG LOADING RACK
	 

	5000001277
	AC10 TRUCKLOADING FACILITY
	 

	5000001473
	REVISE PIPING III TANK
	 

	5000001540
	INSTALL R17 STRNR ASPH TRK RCK
	 

	5000001541
	INSTL R17 STRNR ASP TK RACK
	 

	5000001599
	RPLC MERCAPTAN INJECTION PUMP
	 

	5000001614
	TANK 219 SPARE PUMP LDNG ARMS
	 

	5000003212
	LSR Loading Line (3") Tyler to T67
	 

	5000003283
	LOADING ARM ON 140/160 LOADING RACK
	 

	5000000159
	ADD 3RD BURNER TO TK 78
	 

	5000000571
	ASPHALT LOADING RACK - LOADING ARMS (3)
	 

	5000000781
	Engineering for Asphalt Loading System
	 

	5000001177
	ASPHALT PACKING & LOADING
	 

	5000001179
	ASPHALT DOCK EXPANSION
	 

	5000001333
	UPGRADE ASPHALT SPILLS @DOCK
	 

	5000001182
	"8"" DRAINLINE-TANK #372"
	 

	
			
	5000001194
	REPLACE TIES IN CUTBACK MTR RK
	 

	5000001589
	#1 LDNG RK RR TRK REPAIR
	 

	5000001607
	RLRD TRK RPRS TO HYDRO SDM RK
	 

	5000003279
	INSTALL NO SMOKING SIGNS AT TRUCK RACK
	 

	5000001040
	STORMWATER SEGREGATION - SOUTH SW COLL TKS & PUMPS
	 

	5000000592
	STORMWATER SEGREGATION - SLOP OIL SYSTEM
	 

	5000000594
	STORMWATER SEGREGATION - PIPE BRIDGES (NEAR #1 CT)
	 

	5000000595
	STORMWATER SEGREGATION - NORTH SW COLL TKS & PUMPS
	 

	5000000596
	STORMWATER SEGREGATION - NORTH SUMP & PUMPS
	 

	5000001557
	TANK #7 PUMP & KEROSENE LINE
	 

	5000003366
	V1613 2005 CHEV SILVERADO 2500 REG CAB 133" WB
	 

	5000002291
	LIFT TRUCK RPL-ASPHALT LD RACK
	 

	5000002304
	INSTL INTRCNCT/PNDA NTRL GSLNE
	 

	5000002315
	GAS/DIESEL TRUCK LOADING TERMINAL BLDG
	 

	5000002442
	FIRE PROTECTION BLDG NO 63
	 

	5000002438
	PUMP & CONTROL HOUSE NO 51
	 

	5000002443
	MAIN PUMP HOUSE NO 40
	 

	5000002345
	TRUCK RACK OFFICE NO 60
	 

	5000002346
	TANK CAR RACK OFFICE NO 61
	 

	5000002347
	TRUCK SCALE HOUSE NO 64
	 

	5000002348
	E & W LOADING RACK LIGHTING
	 

	5000002964
	HVAC UNIT FOR PMA PLANT
	 

	5000003099
	UPGRADE GAUGING &TANK TRANFERS
	 

	5000003152
	WHIRLPOOL 12000 BTU AIR COND
	 

	5000002599
	DIAMOND G3 UPGRADE
	 

	5000002801
	REPLACE TRK RACK COMPUTER
	 

	5000003097
	UPGRADE EL DORADO TRUCK RACK
	 

	5000002562
	ASPHALT TERMINAL OPERATING SYSTEM
	 

	5000002929
	PUMPHOUSE DELTA V SYSTEM - SOFTWARE
	 

	5000002932
	"TEPPCO FLOW COMPUTER (on new 12"" Diesel Pipeline
	 

	 
	 
	 

	Project Definition
	(CIP items)
	 

	EDLO070086
	ASPHALT TRUCK LOADING FACILTY
	 

	EDLO080073
	ISOBUTANE LOADING & UNLOADING FACILITIES
	 

	EDLO120001
	LION OIL BIODIESEL BLENDING - TRUCK RACK
	 

	EDLO120122
	TRUCK RACK DIESEL COALESCERS UPGRADE
	 

	EDLO120129
	TRUCK TACK OIL/WATER SEPARATOR RECOVERY
	 

	EDLO130009
	GASOLINE RACK ADDITIVE SYSTEM MODIFICATION - REFINERY
	 

	EDLO120115
	TANK 39 ASPHALT BLENDING
	 

	EDLO120127
	ASPHALT BLEND OIL STORAGE
	 

	 
	 
	 

	New assets added in Q413:
	 

	5000003427
	GASOLINE TRUCK RACK CARD READER UPGRADE (10)
	 

	5000003467
	Biodiesel Blending cone roof tank, piping, control
	 

	5000003428
	ASPHALT BLEND OIL STORAGE TANK
	 

	5000003470
	TANK 219 FLOOR, TUBES, DOOR
	 

Schedule 2.2(f) 
Third Party Claims
None.

Schedule 2.3(g) 
Excluded Tankage
See attached.

Schedule 2.3(g) 
Excluded Tankage

	
			
	Tank
	Area
	Shell Capacity

	T538
	PH
	23.73

	T600
	#4,#8&#11
	47.67

	T601
	#4,#8&#11
	24.62

	T602
	#4,#8&#11
	24.62

	T638
	WWTP
	7.67

	T639
	WWTP
	9.54

	T640
	#4,#8&#11
	9.29

	T658
	#4,#8&#11
	9.47

	T663
	#4,#8&#11
	9.48

	T664
	#4,#8&#11
	9.48

	T667
	#7,#10&#12
	6.57

	T668
	#4,#8&#11
	6.57

	T669
	#4,#8&#11
	6.57

	T539
	#5 & #14
	23.73

	T665
	#5 & #14
	9.47

	T015
	PH
	3,002.80

	T116
	PH
	54,954.36

	T117
	PH
	54,918.46

	T605
	#7,#10&#12
	13.43

	T606
	#7,#10&#12
	13.43

	T657
	#4,#8&#11
	14.60

	T005
	LOT
	293.19

	T006
	LOT
	293.19

	T011
	LOT
	4,881.80

	T014
	LOT
	3,002.80

	T145
	AP
	240.94

	T171
	AP
	641.36

	T417
	LOT
	426.85

	T611
	LOT
	204.04

	T612
	LOT
	94.52

	T643
	LOT
	29.25

	T087
	LOT
	45,106.55

	T156
	AP
	712.80

	T169
	AP
	395.56

	T310
	PC Plt
	975.16

	
			
	T311
	PC Plt
	53.83

	T312
	PC Plt
	54.40

	T313
	PC Plt
	54.81

	T314
	PC Plt
	51.61

	T315
	PC Plt
	51.27

	T316
	PC Plt
	6.50

	T317
	PC Plt
	20.55

	T318
	PC Plt
	18.93

	T319
	PC Plt
	279.61

	T321
	PC Plt
	279.02

	T322
	PC Plt
	279.93

	T323
	PC Plt
	284.13

	T325
	PC Plt
	283.78

	T326
	PC Plt
	283.65

	T327
	PC Plt
	283.80

	T328
	PC Plt
	279.61

	T329
	PC Plt
	284.99

	T330
	PC Plt
	286.21

	T331
	PC Plt
	284.07

	T332
	PC Plt
	279.10

	T524
	PH
	50,905.00

	T530
	PH
	54,804.51

	T662
	#7,#10&#12
	9.47

	T130
	LOT
	488.69

	T131
	LOT
	488.69

	T624
	LOT
	35.78

	T625
	LOT
	35.78

	T659
	LOT
	9.47

	T660
	#7,#10&#12
	9.47

	T661
	#7,#10&#12
	9.47

	T623
	WWTP
	12.93

	T626
	WWTP
	12.93

	T628
	WWTP
	12.93

	T629
	WWTP
	29.76

	T630
	WWTP
	29.76

	T631
	WWTP
	4.90

	T632
	WWTP
	25.38

	T633
	WWTP
	25.38

	T634
	WWTP
	4.92

	T635
	WWTP
	29.76

	
			
	T636
	WWTP
	29.76

	T637
	WWTP
	23.46

	T641
	WWTP
	12.93

	T644
	WWTP
	20.24

	T645
	WWTP
	20.24

	T646
	WWTP
	20.24

	T650
	WWTP
	12.93

	T651
	WWTP
	28.52

	T652
	WWTP
	28.52

	T655
	#4,#8&#11
	9.57

	T607
	PH
	35.97

	T608
	PH
	190.45

	T609
	PH
	146.24

	T610
	PH
	48.08

	T656
	PH
	54.85

	T003
	PH
	3,341.90

	T022
	AP
	2,001.20

	T050
	PH
	9,991.68

	T058
	PH
	9,977.70

	T072
	AP
	894.80

	T073
	AP
	881.50

	T074
	AP
	904.76

	T096
	AP
	1,005.53

	T097
	AP
	1,005.53

	T118
	PMA
	55,497.11

	T162
	AP
	2,001.73

	T170
	AP
	641.55

	T173
	AP
	413.32

	T176
	AP
	5,135.09

	T192
	PH
	148,095.01

	T270
	PH
	9,309.73

	T430
	LOT
	128.70

	T431
	LOT
	128.70

	T433
	LOT
	111.22

	T434
	#7,#10&#12
	98.39

	T435
	#7,#10&#12
	233.58

	T603
	PH
	24.62

	T604
	#7,#10&#12
	23.46

	T613
	PH
	481.40

	T616
	PH
	43.74

	
			
	T617
	PH
	23.88

	T618
	#5 & #14
	48.50

	T619
	PH
	47.75

	T620
	#7,#10&#12
	23.87

	T621
	#7,#10&#12
	12.33

	T622
	#5 & #14
	23.87

	T642
	PH
	19.83

	T649
	PH
	2.85

	T111
	PMA
	54,490.31

	T627
	WWTP
	35.78

	T614
	#7,#10&#12
	15.70

	T615
	#7,#10&#12
	29.82

	T647
	#7,#10&#12
	24.47

	T648
	#7,#10&#12
	12.40Exhibit 10.2 Second Amended and Restated Omnibus Agreement - ElDorado - DKL

Exhibit 10.2

SECOND AMENDED AND RESTATED OMNIBUS AGREEMENT
among
DELEK US HOLDINGS, INC.,
DELEK REFINING, LTD.,
LION OIL COMPANY,
DELEK LOGISTICS PARTNERS, LP,
PALINE PIPELINE COMPANY, LLC,
SALA GATHERING SYSTEMS, LLC,
MAGNOLIA PIPELINE COMPANY, LLC,
EL DORADO PIPELINE COMPANY, LLC,
DELEK CRUDE LOGISTICS, LLC,
DELEK MARKETING-BIG SANDY, LLC,
DELEK MARKETING & SUPPLY, LP,
DELEK LOGISTICS OPERATING, LLC
and
DELEK LOGISTICS GP, LLC

Table of Contents
	
			
	Article I Definitions
	2

	1.1
	Definitions
	2

	Article II Business Opportunities
	7

	2.1
	Restricted Activities
	7

	2.2
	Permitted Exceptions
	7

	2.3
	Procedures
	8

	2.4
	Scope of Prohibition
	10

	2.5
	Enforcement
	10

	Article III Indemnification
	10

	3.1
	Environmental Indemnification
	10

	3.2
	Right of Way Indemnification
	12

	3.3
	Additional Indemnification
	12

	3.4
	Indemnification Procedures
	13

	3.5
	Limitations Regarding Indemnification
	14

	Article IV Corporate Services
	15

	4.1
	General
	15

	Article V Capital and Other Expenditures
	16

	5.1
	Reimbursement of Operating, Maintenance Capital and Other Expenditures
	16

	Article VI Right of First Offer
	17

	6.1
	Right of First Offer to Purchase Certain Assets retained by Delek Entities
	17

	6.2
	Procedures
	18

	Article VII RIGHT OF FIRST REFUSAL
	20

	7.1
	Delek US Right of First Refusal
	20

	7.2
	Procedures for Transfer of ROFR Asset
	21

	7.3
	Procedures for Use of ROFR Capacity
	23

	Article VIII License of Name and Mark
	25

	8.1
	Grant of License
	25

	8.2
	Ownership and Quality
	26

	8.3
	Termination
	26

	Article IX Miscellaneous
	26

	9.1
	Choice of Law; Submission to Jurisdiction
	26

	9.2
	Notice
	26

	9.3
	Entire Agreement
	27

	9.4
	Termination of Agreement
	27

	9.5
	Amendment or Modification
	27

	9.6
	Assignment
	28

	9.7
	Counterparts
	28

	9.8
	Severability
	28

	9.9
	Further Assurances
	28

i

	
			
	9.10
	Rights of Limited Partners
	28

	9.11
	Amendment and Restatement
	28

	9.12
	Amendment of Schedules
	28

	9.13
	Suspension of Certain Provisions in Certain Circumstances
	28

ii

SECOND AMENDED AND RESTATED OMNIBUS AGREEMENT
This SECOND AMENDED AND RESTATED OMNIBUS AGREEMENT (“Agreement”) is entered into on, and effective as of, February 10, 2014, among Delek US Holdings, Inc., a Delaware corporation (“Delek US”), on behalf of itself and the other Delek Entities (as defined herein), Delek Refining, Ltd., a Texas Limited Partnership (“Delek Refining”), Lion Oil Company, an Arkansas corporation (“Lion Oil”), Delek Logistics Partners, LP, a Delaware limited partnership (the “Partnership”), Paline Pipeline Company, LLC, a Texas limited liability company (“Paline”), SALA Gathering Systems, LLC, a Texas limited liability company (“SALA”), Magnolia Pipeline Company, LLC, a Delaware limited liability company (“Magnolia”), El Dorado Pipeline Company, LLC, a Delaware limited liability company (“El Dorado”), Delek Crude Logistics, LLC, a Texas limited liability company (“Crude Logistics”), Delek Marketing-Big Sandy, LLC, a Texas limited liability company (“Marketing-Big Sandy”), Delek Marketing & Supply, LP, a Delaware limited partnership (“DMSLP”), Delek Logistics Operating, LLC, a Delaware limited liability company (“OpCo”), and Delek Logistics GP, LLC, a Delaware limited liability company (the “General Partner”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.”
RECITALS:
		
	1.
	The Parties executed that certain Amended and Restated Omnibus Agreement dated July 26, 2013 (the “First A&R Agreement”).

		
	2.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article II, with respect to certain business opportunities that the Delek Entities (as defined herein) will not engage in for so long as the Partnership is an Affiliate of Delek US.

		
	3.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article III, with respect to certain indemnification obligations of the Parties to each other.

		
	4.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article IV, with respect to the amount to be paid by the Partnership for the centralized corporate services to be performed by the General Partner and its Affiliates (as defined herein) for and on behalf of the Partnership Group (as defined herein).

		
	5.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article V, with respect to certain operating, maintenance capital and other expenditures to be reimbursed by Delek US to the Partnership Group.

		
	6.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article VI, with respect to the Partnership Group’s right of first offer with respect to the ROFO Assets (as defined herein).

1

		
	7.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article VII, with respect to Delek US’ right of first refusal with respect to certain ROFR Assets and ROFR Capacity (each as defined herein).

		
	8.
	The Parties desired by their execution of the First A&R Agreement to evidence their understanding, as more fully set forth in Article VIII, with respect to the granting of a license from Delek US to the Partnership Group and the General Partner.

		
	9.
	The Parties desire to amend and restate the First A&R Agreement to allow, among other items, for the application of the terms hereof to additional assets that the Partnership Group is acquiring from the Delek Entities.

In consideration of the premises and the covenants, conditions, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:
ARTICLE I 
DEFINITIONS
1.1    Definitions. As used in this Agreement, the following terms shall have the respective meanings set forth below:
“Acquisition Proposal” is defined in Section 7.2(a).
“Administrative Fee” is defined in Section 4.1(a).
“Affiliate” is defined in the Partnership Agreement.
“Annual Environmental Deductible” is defined in Section 3.5(a).
“Annual ROW Deductible” is defined in Section 3.5(a).
“API 653” is defined in Section 5.1(a).
“API 653 Inspection Date” means, with respect to any API 653 Tank, (a) the date of completion of the first API 653 inspection of such tank, whether scheduled or required as a result of a failure of such tank, that occurs within five years after the applicable Closing Date or (b) if no such API 653 inspection occurs, the applicable Closing Date.
“API 653 Tank” means (a) each of the tanks listed on Schedule X to this Agreement and (b) any other tank included in the Tankage (as defined in the applicable Transaction Agreement referenced on Schedule IX to this Agreement) that is required to undergo an API 653 inspection within five years after the applicable Closing Date as a result of a failure of such tank.
“Assets” means all gathering pipelines, transportation pipelines, storage tanks, trucks, truck racks, terminal facilities, offices and related equipment, real estate and other assets, or portions thereof, conveyed, contributed or otherwise transferred or intended to be conveyed, contributed or otherwise Transferred pursuant to a Transaction Agreement to any member of the Partnership Group; provided, however, that any of such assets that are Transferred from the Partnership Group to a Delek Entity pursuant to Article VII or otherwise shall no longer be an “Asset” from and after such Transfer.
“Board of Directors” means for any Person the board of directors or other governing body of such Person.
“Closing Date” means the applicable closing date for each Transaction Agreement as set forth on Schedule IX to this Agreement.
“Conflicts Committee” is defined in the Partnership Agreement.
“control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise.

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“Covered Environmental Losses” is defined in Section 3.1(a).
“Delek Entities” means Delek US and any Person controlled, directly or indirectly, by Delek US other than the General Partner or a member of the Partnership Group; and “Delek Entity” means any of the Delek Entities.
“Disposition Notice” is defined in Section 7.2(a).
“Environmental Laws” means all federal, state, and local laws, statutes, rules, regulations, orders, judgments, ordinances, codes, injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law now or hereafter in effect, relating to pollution or protection of human health and the environment including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, and other similar federal, state or local environmental conservation and protection laws, each as amended from time to time.
“Environmental Permit” means any permit, approval, identification number, license, registration, consent, exemption, variance or other authorization required under or issued pursuant to any applicable Environmental Law.
“First A&R Agreement” is defined in the recitals to this Agreement.
“First API 653 Indemnification Deadline” means, with respect to any API 653 Tank, the date that is five years after the applicable API 653 Inspection Date.
“First Indemnification Deadline” means the applicable date for each Transaction Agreement set forth on Schedule IX to this Agreement. 
“First ROFR Acceptance Deadline” is defined in Section 7.2(a).
“First ROFR Capacity Acceptance Deadline” is defined in Section 7.3(a).
“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
“Hazardous Substance” means (a) any substance that is designated, defined or classified as a hazardous waste, solid waste, hazardous material, pollutant, contaminant or toxic or hazardous substance, or terms of similar meaning, or that is otherwise regulated under any Environmental Law, including, without limitation, any hazardous substance as defined under the Comprehensive Environmental Response, Compensation, and Liability Act, as amended, and (b) petroleum, oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel, and other refined petroleum hydrocarbons.

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“Indemnified Party” means, with respect to a Transaction Agreement, the Partnership Group or the Delek Entities, as the case may be, in their respective capacity as the party entitled to indemnification in accordance with Article III.
“Indemnifying Party” means either the Partnership Group or Delek US, as the case may be, in its capacity as the party from whom indemnification may be sought in accordance with Article III.
“License” is defined in Section 8.1.
“Limited Partner” is defined in the Partnership Agreement.
“Lion Credit Agreement” is defined in Section 9.13(a).
“Lion Refinancing Credit Agreement” is defined in Section 9.13(a).
“Losses” means any losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, court costs and reasonable attorney’s and expert’s fees) of any and every kind or character, known or unknown, fixed or contingent.
“Marks” is defined in Section 8.1.
“Name” is defined in Section 8.1.
“Offer” is defined in Section 2.3(a).
“Offer Evaluation Period” is defined in Section 2.3(a).
“Offer Price” is defined in Section 7.2(a).
“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of Delek Logistics Partners, LP, dated as of November 7, 2012, to which reference is hereby made for all purposes of this Agreement.
“Partnership Change of Control” means Delek US ceases to control the general partner of the Partnership.
“Partnership Credit Agreement” is defined in Section 9.13(c).
“Partnership Group” means the Partnership and any of its Subsidiaries, treated as a single consolidated entity.
“Partnership Group Member” means any member of the Partnership Group.
“Partnership Interest” is defined in the Partnership Agreement.

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“Partnership Parties” means the Partnership, Paline, SALA, Magnolia, El Dorado, Crude Logistics, Marketing-Big Sandy and OpCo.
“Partnership Refinancing Credit Agreement” is defined in Section 9.13(c).
“Party” and “Parties” are defined in the introduction to this Agreement.
“Permitted Exceptions” is defined in Section 2.2.
“Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization association, government agency or political subdivision thereof or other entity.
“Pipeline Capacity Usage Agreement” means the Amended and Restated Pipeline Capacity Usage Agreement dated as of October 31, 2012 between Paline and a major integrated oil company and any extensions or renewals thereof.
“Proposed Shipper” is defined in Section 7.3(a).
“Proposed Transaction” is defined in Section 6.2(a).
“Proposed Transferee” is defined in Section 7.2(a).
“Prudent Industry Practice” means such practices, methods, acts, techniques, and standards as are in effect at the time in question that are consistent with the higher of (a) the standards generally followed by the United States pipeline and terminalling industries and (b) the standards applied or followed by Delek US or its Affiliates in the performance of similar tasks or projects, or by the Partnership Group or its Affiliates in the performance of similar tasks or projects.
“Refining Credit Agreement” is defined in Section 9.13(b).
“Refining Refinancing Credit Agreement” is defined in Section 9.13(b).
“Restricted Activities” is defined in Section 2.1.
“Retained Assets” means, with respect to a particular Transaction Agreement, all gathering pipelines, transportation pipelines, storage tanks, trucks, truck racks, terminal facilities, offices and related equipment, real estate and other related assets or portions thereof owned by any of the Delek Entities that were not directly or indirectly conveyed, contributed or otherwise transferred to the Partnership Group pursuant to that Transaction Agreement or the other documents referred to in that Transaction Agreement; provided, however, that once any such assets have been directly or indirectly conveyed, contributed or otherwise transferred to the Partnership Group pursuant to any subsequent Transaction Agreement or the other documents referred to in any subsequent Transaction Agreement, such assets shall not be included in the definition of “Retained Assets” for purposes of the first-referenced Transaction Agreement in this definition with respect to the period on or after the applicable Closing Date under that subsequent Transaction Agreement.  

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“ROFO Asset Owner” means, with respect to a ROFO Asset, the applicable Delek Entity set forth opposite such ROFO Asset on Schedule V to this Agreement.
“ROFO Assets” means the assets listed on Schedule V to this Agreement.
“ROFO Governmental Approval Deadline” is defined in Section 6.2(c).
“ROFO Notice” is defined in Section 6.2(a).
“ROFO Period” is defined in Section 6.1(a).
“ROFO Response” is defined in Section 6.2(a).
“ROFR Assets” means any assets of the Partnership Group that serve any refinery owned, acquired or constructed by a Delek Entity, including without limitation the assets listed on Schedule VI to this Agreement.
“ROFR Capacity” is defined in Section 7.1(a).
“ROFR Capacity Notice” is defined in Section 7.3(a).
“ROFR Capacity Proposal” is defined in Section 7.3(a).
“ROFR Capacity Response” is defined in Section 7.3(a).
“ROFR Governmental Approval Deadline” is defined in Section 7.2(c).
“ROFR Proposal Assets” is defined in Section 7.3(a).
“ROFR Response” is defined in Section 7.2(a).
“Sale Assets” is defined in Section 7.2(a).
“Schedules” means Schedules I through IX attached to this Agreement, as may be amended and restated pursuant to Section 9.12.
“Second Indemnification Deadline” means the applicable date for each Transaction Agreement as set forth on Schedule IX to this Agreement.
“Second ROFR Acceptance Deadline” is defined in Section 7.2(a).
“Second ROFR Capacity Acceptance Deadline” is defined in Section 7.3(a).
“Subject Assets” is defined in Section 2.2(c).
“Subsidiary” means, with respect to any Person, (a) a corporation of which more than 50% of the voting power of shares entitled (without regard to the occurrence of any contingency) to vote in the election of the Board of Directors of such corporation is owned, directly or indirectly, at the 

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date of determination, by such Person, by one or more Subsidiaries of such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of determination, a general or limited partner of such partnership, but only if more than 50% of the partnership interests of such partnership (considering all of the partnership interests of the partnership as a single class) is owned, directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person, or a combination thereof, or (c) any other Person (other than a corporation or a partnership) in which such Person, one or more Subsidiaries of such Person, or a combination thereof, directly or indirectly, at the date of determination, has (i) at least a majority ownership interest or (ii) the power to elect or direct the election of a majority of the directors, managers or other governing body of such Person.
“Transaction Agreement” means the applicable contribution or purchase agreement identified on Schedule IX to this Agreement, together with the additional conveyance documents and instruments contemplated or referenced thereunder.
“Transfer” means to, directly or indirectly, sell, assign, lease, convey, transfer or otherwise dispose of, whether in one or a series of transactions.
                                                                 ARTICLE II     
BUSINESS OPPORTUNITIES
2.1    Restricted Activities. Except as permitted by Section 2.2, the General Partner and Delek US shall be prohibited from, and Delek US shall cause each of the Delek Entities to refrain from, owning, operating, engaging in, acquiring, or investing in any business that owns or operates crude oil or refined products pipelines, terminals or storage facilities in the United States (“Restricted Activities”).
2.2    Permitted Exceptions. Notwithstanding any provision of Section 2.1 to the contrary, the Delek Entities may engage in the following activities under the following circumstances (collectively, the “Permitted Exceptions”):
(a)    the ownership and/or operation of any of the Retained Assets (including replacements or expansions of the Retained Assets);
(b)    the acquisition, ownership or operation of any logistics asset, including, without limitation, any crude oil or refined products pipeline, terminal or storage facility, that is (i) acquired or constructed by a Delek Entity and (ii) within, substantially dedicated to, or an integral part of, any refinery owned, acquired or constructed by a Delek Entity;
(c)    the acquisition, ownership or operation of any asset or group of related assets used in the activities described in Section 2.1 that are acquired or constructed by a Delek Entity after November 7, 2012 (excluding assets acquired or constructed pursuant to Section 2.2(b) other than those assets described on Schedule VII) (the “Subject Assets”) if:
(i)    the fair market value (as determined in good faith by the Board of Directors of the Delek Entity that will own the Subject Assets) of the Subject Assets is less 
than $5.0 million at the time of such acquisition by the Delek Entity or completion of construction, as the case may be; 
(ii)    in the case of an acquisition or the construction of the Subject Assets with a fair market value (as determined in good faith by the Board of Directors of the Delek Entity that will own the Subject Assets) equal to or greater than $5.0 million at the time of such acquisition by a Delek Entity or the completion of construction, as applicable, the Partnership has been offered the opportunity to purchase the Subject Assets in accordance with Section 2.3 and the Partnership has elected not to purchase the Subject Assets; or
(iii)    notwithstanding Section 2.2(c)(i) and Section 2.2(c)(ii), the Subject Assets described on Schedule VII;
(d)    the purchase and ownership of a non-controlling interest in any publicly traded entity engaged in any Restricted Activities; and
(e)    the ownership of equity interests in the General Partner and the Partnership Group.
2.3    Procedures.
(a)    If a Delek Entity acquires or constructs Subject Assets as described in Section 2.2(c)(ii), then not later than six months after the consummation of the acquisition or the completion of construction by such Delek Entity of the Subject Assets, as the case may be, the Delek Entity shall notify the General Partner in writing of such acquisition or construction and offer the Partnership Group the opportunity to purchase such Subject Assets in accordance with this Section 2.3 (the “Offer”). The Offer shall set forth the terms relating to the purchase of the Subject Assets and, if any Delek Entity desires to utilize the Subject Assets, the Offer will also include the terms on which the Partnership Group will provide services to the Delek Entity to enable the Delek Entity to utilize the Subject Assets. As soon as practicable, but in any event within 90 days after receipt by the General Partner of the Offer (the “Offer Evaluation Period”), the General Partner shall notify the Delek Entity in writing that either (i) the General Partner has elected not to cause a Partnership Group Member to purchase the Subject Assets, in which event (A) the Delek Entity shall be forever free to continue to own or operate such Subject Assets, (B) Schedule V shall automatically be amended to include such Subject Assets as ROFO Assets subject to Article VI and (C) if the Delek Entity that owns such Subject Assets is not a Party hereto, such Delek Entity shall execute a joinder agreement in the form attached hereto as Exhibit A, or (ii) the General Partner has elected to cause 

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a Partnership Group Member to purchase the Subject Assets, in which event the procedures outlined in the remainder of this Section 2.3 shall apply.
(b)    If, within the Offer Evaluation Period, the Delek Entity and the General Partner are able to agree on the fair market value of the Subject Assets that are subject to the Offer and the other terms of the Offer including, without limitation, the terms, if any, on which the Partnership Group will provide services to the Delek Entity to enable the Delek Entity to utilize the Subject Assets, a Partnership Group Member shall purchase the Subject Assets for the agreed upon fair market value as soon as commercially practicable after such agreement has been reached and, if applicable, enter into an agreement with the Delek Entity to provide services in a manner consistent with the Offer.
(c)    If, within the Offer Evaluation Period, the Delek Entity and the General Partner are unable to agree on the fair market value of the Subject Assets that are subject to the Offer or the other terms of the Offer including, if applicable, the terms on which the Partnership Group will provide services to the Delek Entity to enable the Delek Entity to utilize the Subject Assets, the Delek Entity and the General Partner will engage a mutually agreed upon, nationally recognized investment banking firm to determine the fair market value of the Subject Assets and any other terms on which the Partnership Group and the Delek Entity are unable to agree. The investment banking firm will determine the fair market value of the Subject Assets and any other terms on which the Partnership Group and the Delek Entity are unable to agree within 30 days of its engagement and furnish the Delek Entity and the General Partner its determination. The fees of the investment banking firm will be split equally between the Delek Entity and the Partnership Group. Once the investment banking firm has submitted its determination of the fair market value of the Subject Assets and any other terms on which the Partnership Group and the Delek Entity are unable to agree, the General Partner will have the right, but not the obligation to cause the Partnership Group to purchase the Subject Assets pursuant to the Offer, as modified by the determination of the investment banking firm.  If the General Partner elects to cause the Partnership Group to purchase the Subject Assets, then the Partnership Group shall purchase the Subject Assets under the terms of the Offer, as modified by the determination of the investment banking firm as soon as commercially practicable after such determination and, if applicable, enter into an agreement with the Delek Entity to provide services in a manner consistent with the Offer, as modified by the determination of the investment banking firm.
(d)    Nothing herein shall impede or otherwise restrict the foreclosure, sale, disposition or other exercise of rights or remedies by or on behalf of any secured lender of any Subject Asset subject to a security interest in favor of such lender or any agent for or on behalf of such lender under any credit arrangement now or hereafter in effect (it being understood and agreed that no secured lender to a Delek Entity shall have any obligation to make an Offer or to sell or cause to be sold any Subject Asset to any Partnership Group Member). 
2.4    Scope of Prohibition. Except as provided in this Article II and the Partnership Agreement, each Delek Entity shall be free to engage in any business activity, including those that may be in direct competition with any Partnership Group Member.
2.5    Enforcement. The Delek Entities agree and acknowledge that the Partnership Group does not have an adequate remedy at law for the breach by the Delek Entities of the covenants and agreements set forth in this Article II, and that any breach by the Delek Entities of the covenants and agreements set forth in this Article II would result in irreparable injury to the Partnership Group.  The Delek Entities further agree and acknowledge that any Partnership Group Member may, in addition to the other remedies which may be available to the Partnership Group, file a suit in equity to enjoin the Delek Entities from such breach, and consent to the issuance of injunctive relief under this Agreement.

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                                                                 ARTICLE III     
INDEMNIFICATION
3.1    Environmental Indemnification.
(a)    Subject to Section 3.2 and Section 3.5 and with respect to Assets Transferred pursuant to a Transaction Agreement, the Delek Entities, jointly and severally, shall indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group, directly or indirectly, or as a result of any claim by a third party, by reason of or arising out of:
(i)    any violation or correction of violation of Environmental Laws; 
(ii)    any environmentally related event, condition or matter associated with or arising from the ownership or operation of the Assets (including, without limitation, the presence of Hazardous Substances on, under, about or migrating to or from such Assets or the disposal or release of Hazardous Substances generated by operation of such Assets at non-Asset locations) including, without limitation, (A) the cost and expense of any investigation, assessment, evaluation, monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action required or necessary under Environmental Laws, (B) the cost or expense of the preparation and implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (C) the cost and expense of any environmental or toxic tort pre-trial, trial, or appellate legal or litigation support work;
(iii)    any environmentally related event, condition or matter or legal action pending as of the applicable Closing Date against the Delek Entities, a true and correct summary of which, with respect to Assets Transferred pursuant to a particular Transaction Agreement, is set forth on Schedule I attached hereto; 
(iv)    any event, condition or environmental matter associated with or arising from the Retained Assets, whether occurring before or after the Closing Date; 
(v)    any obligation imposed by or violation of the consent decree entered in United States v. Tyler Holding Company, Inc. and Delek Refining, Ltd., case no. 6:09-cv-319 (Eastern District of Texas), as it exists on July 26, 2013 and may be amended; and
(vi)    any obligation imposed by or violation of the consent decree entered in United States and State of Arkansas v. Lion Oil Company, Civ. No. 03-1028 (Western District of Arkansas), as it exists on the date hereof and may be amended.
provided, however, that with respect to any violation under Section 3.1(a)(i) or any environmentally related event, condition or matter included under Section 3.1(a)(ii) that is associated with the ownership or operation of the Assets Transferred pursuant to a Transaction Agreement, the Delek Entities will be obligated to indemnify the Partnership Group only to the extent that such environmentally related violation, event, condition or matter giving rise to the claim (x) occurred 

9

in whole or in part before the applicable Closing Date for such Transaction Agreement (or, with respect to an API 653 Tank, before the applicable API 653 Inspection Date) under then-applicable Environmental Laws and (y)(i) such environmentally related violation, event, condition or matter is set forth on Schedule II attached hereto or (ii) Delek US is notified in writing of such environmentally related violation, event, condition or matter prior to the applicable First Indemnification Deadline (or, with respect to an API 653 Tank, the applicable First API 653 Indemnification Deadline) (clauses (i) through (iv) of this Section 3.1(a) collectively, with respect to such Transaction Agreement, being “Covered Environmental Losses”).
(b)    The Partnership Group shall indemnify, defend and hold harmless the Delek Entities from and against any Losses suffered or incurred by the Delek Entities, directly or indirectly, or as a result of any claim by a third party, by reason of or arising out of:
(i)    any violation or correction of violation of Environmental Laws associated with or arising from the ownership or operation of the Assets; and
(ii)    any environmentally related event, condition or matter associated with or arising from the ownership or operation of the Assets (including, but not limited to, the presence of Hazardous Substances on, under, about or migrating to or from the Assets or the disposal or release of Hazardous Substances generated by operation of the Assets at non-Asset locations) including, without limitation, (A) the cost and expense of any investigation, assessment, evaluation, monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action required or necessary under Environmental Laws, (B) the cost or expense of the preparation and implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (C) the cost and expense for any environmental or toxic tort pre-trial, trial, or appellate legal or litigation support work; 
and regardless of whether such violation under Section 3.1(b)(i) or such environmentally related event, condition or matter included under Section 3.1(b)(ii) occurred before or after the applicable Closing Date (or, with respect to an API 653 Tank, before or after the applicable API 653 Inspection Date), in each case, to the extent that any of the foregoing are not Covered Environmental Losses for which the Partnership Group is entitled to indemnification from the Delek Entities under this Article III without giving effect to the applicable Annual Environmental Deductible.
3.2    Right of Way Indemnification. Subject to Section 3.5, with respect to Assets Transferred pursuant to a Transaction Agreement, the Delek Entities, jointly and severally, shall indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group by reason of or arising out of (a) the failure of the applicable Partnership Group Member to be the owner of such valid and indefeasible easement rights or fee ownership or leasehold interests in and to the lands on which any crude oil or refined products pipeline or related pump station, storage tank, terminal or truck rack or any related facility or equipment conveyed or contributed to the applicable Partnership Group Member on the applicable Closing Date is located as of such Closing Date, and such failure renders the Partnership Group liable to a third party or unable to use or operate the Assets in substantially the same manner that the Assets were used and operated by the applicable Delek Entity immediately prior to such Closing 

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Date; (b) the failure of the applicable Partnership Group Member to have the consents, licenses and permits necessary to allow any such pipeline referred to in clause (a) of this Section 3.2 to cross the roads, waterways, railroads and other areas upon which any such pipeline is located as of the applicable Closing Date, and such failure renders the Partnership Group liable to a third party or unable to use or operate the Assets in substantially the same manner that the Assets were used and operated by the applicable Delek Entity immediately prior to such Closing Date; and (c) the cost of curing any condition set forth in clause (a) or (b) of this Section 3.2 that does not allow any Asset to be operated in accordance with Prudent Industry Practice, in each case to the extent that Delek US is notified in writing of any of the foregoing prior to the applicable First Indemnification Deadline.
3.3    Additional Indemnification.
(a)    In addition to and not in limitation of the indemnification provided under Sections 3.1(a) and 3.2 and with respect to a Transaction Agreement, the Delek Entities, jointly and severally, shall indemnify, defend, and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group by reason of or arising out of (A) events and conditions associated with the ownership or operation of the Assets and occurring before the applicable Closing Date (other than Covered Environmental Losses, which are provided for under Sections 3.1, and those Losses provided for under Section 3.2) to the extent that Delek US is notified in writing of any of the foregoing prior to the applicable Second Indemnification Deadline, (B) any legal actions pending as of the applicable Closing Date and as set forth on Schedule III to this Agreement, (C) events and conditions associated with the Retained Assets whether occurring before or after the applicable Closing Date, (D) the failure to obtain any necessary consent from the Arkansas Public Service Commission, the Louisiana Public Service Commission, the Texas Railroad Commission or the Federal Energy Regulatory Commission for the conveyance to the Partnership Group of any pipelines located in Arkansas, Louisiana and Texas, if applicable, and (E) all federal, state and local income tax liabilities attributable to the ownership or operation of the Assets prior to the applicable Closing Date, including under Treasury Regulation Section 1.1502-6 (or any similar provision of state or local law), and any such income tax liabilities of the Delek Entities that may result from the consummation of the formation transactions for the Partnership Group and the General Partner occurring on or prior to the applicable Closing Date.
(b)    In addition to and not in limitation of the indemnification provided under Section 3.1(b) or the Partnership Agreement, the Partnership Group shall indemnify, defend, and hold harmless the Delek Entities from and against any Losses suffered or incurred by the Delek Entities by reason of or arising out of events and conditions associated with the ownership or operation of the Assets and occurring after the applicable Closing Date (other than Covered Environmental Losses which are provided for under Section 3.1(a)), unless such indemnification would not be permitted under the Partnership Agreement by reason of one of the provisos contained in Section 7.7(a) of the Partnership Agreement.
3.4    Indemnification Procedures.
(a)    The Indemnified Party agrees that as promptly as practicable after it becomes aware of facts giving rise to a claim for indemnification under this Article III, it will provide notice 

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thereof in writing to the Indemnifying Party, specifying the nature of and specific basis for such claim.
(b)    The Indemnifying Party shall have the right to control all aspects of the defense of (and any counterclaims with respect to) any claims brought against the Indemnified Party that are covered by the indemnification under this Article III, including, without limitation, the selection of counsel, determination of whether to appeal any decision of any court and the settling of any such claim or any matter or any issues relating thereto; provided, however, that no such settlement shall be entered into without the consent of the Indemnified Party (i) unless it includes a full release of the Indemnified Party from such claim and (ii) if such settlement would include any admission of fault by or imposition of injunctive or other equitable relief against the Indemnified Party.
(c)    The Indemnified Party agrees to cooperate in good faith and in a commercially reasonable manner with the Indemnifying Party, with respect to all aspects of the defense of any claims covered by the indemnification under this Article III, including, without limitation, the prompt furnishing to the Indemnifying Party of any correspondence or other notice relating thereto that the Indemnified Party may receive, permitting the name of the Indemnified Party to be utilized in connection with such defense, the making available to the Indemnifying Party of any files, records or other information of the Indemnified Party that the Indemnifying Party considers relevant to such defense, the making available to the Indemnifying Party of any employees of the Indemnified Party and the granting to the Indemnifying Party of reasonable access rights to the properties and facilities of the Indemnified Party; provided, however, that in connection therewith the Indemnifying Party agrees to use reasonable efforts to minimize the impact thereof on the operations of the Indemnified Party and further agrees to maintain the confidentiality of all files, records, and other information furnished by the Indemnified Party pursuant to this Section 3.4. In no event shall the obligation of the Indemnified Party to cooperate with the Indemnifying Party as set forth in the immediately preceding sentence be construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of any claims covered by the indemnification set forth in this Article III; provided, however, that the Indemnified Party may, at its own option, cost and expense, hire and pay for counsel in connection with any such defense. The Indemnifying Party agrees to keep any such counsel hired by the Indemnified Party informed as to the status of any such defense, but the Indemnifying Party shall have the right to retain sole control over such defense.
(d)    In determining the amount of any Losses for which the Indemnified Party is entitled to indemnification under this Agreement, the gross amount of the indemnification will be reduced by (i) any insurance proceeds realized by the Indemnified Party, and such correlative insurance benefit shall be net of any incremental insurance premium that becomes due and payable by the Indemnified Party as a result of such claim and (ii) all amounts recovered by the Indemnified Party under contractual indemnities from third Persons.  The Indemnified Party shall use commercially reasonable efforts to pursue the collection of all insurance proceeds to which it may be entitled with respect to or on account of such Losses and shall notify the Indemnifying Party of all potential claims against third Persons pursuant to contractual indemnities.

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3.5    Limitations Regarding Indemnification.
(a)    The Delek Entities shall not, in any calendar year, be obligated to indemnify, defend and hold harmless the Partnership Group for a Covered Environmental Loss under Section 3.1(a)(ii) related to any Transaction Agreement until such time as the aggregate amount of all Covered Environmental Losses related to such Transaction Agreement in such calendar year exceeds the applicable annual environmental deductible set forth on Schedule IX (the “Annual Environmental Deductible”), at which time the Delek Entities shall be obligated to indemnify the Partnership Group for the amount of Covered Environmental Losses under Section 3.1(a)(ii) related to such Transaction Agreement that are in excess of the applicable Annual Environmental Deductible that are incurred by the Partnership Group in such calendar year.  The Delek Entities shall not, in any calendar year, be obligated to indemnify, defend and hold harmless the Partnership Group for any individual Loss under Section 3.2 related to any Transaction Agreement until such time as the aggregate amount of all Losses under Section 3.2 related to such Transaction Agreement that are in such calendar year exceeds the applicable annual ROW deductible set forth on Schedule IX (the “Annual ROW Deductible”), at which time the Delek Entities shall be obligated to indemnify the Partnership Group for all Losses under Section 3.2 related to such Transaction Agreement in excess of the applicable Annual ROW Deductible that are incurred by the Partnership Group in such calendar year.
(b)    For the avoidance of doubt, there is no monetary cap on the amount of indemnity coverage provided by any Indemnifying Party under this Article III.
(c)    NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY PARTY’S INDEMNIFICATION OBLIGATION HEREUNDER COVER OR INCLUDE CONSEQUENTIAL, INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY, SPECIAL OR SIMILAR DAMAGES OR LOST PROFITS SUFFERED BY ANY OTHER PARTY ENTITLED TO INDEMNIFICATION UNDER THIS AGREEMENT.
(d)    THE FOREGOING INDEMNITIES ARE INTENDED TO BE ENFORCEABLE AGAINST THE PARTIES IN ACCORDANCE WITH THE EXPRESS TERMS AND SCOPE THEREOF NOTWITHSTANDING ANY EXPRESS NEGLIGENCE RULE OR ANY SIMILAR DIRECTIVE THAT WOULD PROHIBIT OR OTHERWISE LIMIT INDEMNITIES BECAUSE OF THE SOLE, CONCURRENT, ACTIVE OR PASSIVE NEGLIGENCE, STRICT LIABILITY OR FAULT OF ANY OF THE INDEMNIFIED PARTIES.
                                                                 ARTICLE IV     
CORPORATE SERVICES
4.1    General.
(a)    Delek US agrees to provide, and agrees to cause its Affiliates to provide, on behalf of the General Partner, for the Partnership Group’s benefit of all the centralized corporate services that Delek US and its Affiliates have traditionally provided in connection with the Assets including, without limitation, the general and administrative services listed on Schedule IV to this Agreement. As consideration for such services, the Partnership will pay Delek US an administrative 

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fee (the “Administrative Fee”) of $3.3 million per year, payable in equal monthly installments on or before the tenth business day of each month, commencing in March 2014.  Delek US may increase or decrease the Administrative Fee on February 1 of each subsequent year, commencing on February 1, 2015, by a percentage equal to the change in the Consumer Price Index — All Urban Consumers, U.S. City Average, Not Seasonally Adjusted over the previous 12 calendar months or to reflect any increase in the cost of providing centralized corporate services to the Partnership Group due to changes in any law, rule or regulation applicable to Delek US or the Partnership Group, including any interpretation of such laws, rules or regulations.  The General Partner may agree on behalf of the Partnership to increases in the Administrative Fee in connection with expansions of the operations of the Partnership Group through the acquisition or construction of new assets or businesses.
(b)    At the end of each calendar year, the Partnership will have the right to submit to Delek US a proposal to reduce the amount of the Administrative Fee for that year if the Partnership believes, in good faith, that the centralized corporate services performed by Delek US and its Affiliates for the benefit of the Partnership Group for the year in question do not justify payment of the full Administrative Fee for that year.  If the Partnership submits such a proposal to Delek US, Delek US agrees that it will negotiate in good faith with the Partnership to determine if the Administrative Fee for that year should be reduced and, if so, the amount of such reduction.  If the Parties agree that the Administrative Fee for that year should be reduced, then Delek US shall promptly pay to the Partnership the amount of any reduction for that year.
(c)    The Partnership Group shall reimburse Delek US for all other direct or allocated costs and expenses incurred by Delek US and its Affiliates on behalf of the Partnership Group including, but not limited to:
(i)    salaries of employees of the General Partner, Delek US or its Affiliates who devote 50% or more of their business time to the business and affairs of the Partnership Group, to the extent, but only to the extent, such employees perform services for the Partnership Group, provided that for employees that do not devote all of their business time to the Partnership Group, such expenses shall be based on the annual weighted average of time spent and number of employees devoting services to the Partnership Group;
(ii)    the cost of employee benefits relating to employees of the General Partner, Delek US or its Affiliates who devote 50% or more of their business time to the business and affairs of the Partnership Group, including 401(k), pension, bonuses and health insurance benefits (but excluding Delek US stock-based compensation expense), to the extent, but only to the extent, such employees perform services for the Partnership Group, provided that for employees that do not devote all of their business time to the Partnership Group, such expenses shall be based on the annual weighted average of time spent and number of employees devoting their services to the Partnership Group;
(iii)    any expenses incurred or payments made by Delek US or its Affiliates for insurance coverage with respect to the Assets or the business of the Partnership Group;
(iv)    all expenses and expenditures incurred by Delek US or its Affiliates, if any, as a result of the Partnership becoming and continuing as a publicly traded entity, 

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including, but not limited to, costs associated with annual and quarterly reports, independent auditor fees, partnership governance and compliance, registrar and transfer agent fees, tax return and Schedule K-1 preparation and distribution, legal fees and independent director compensation; and
(v)    all sales, use, excise, value added or similar taxes, if any, that may be applicable from time to time with respect to the services provided by Delek US and its Affiliates to the Partnership Group pursuant to Section 4.1(a).
Such reimbursements shall be made on or before the tenth business day of the month following the month such costs and expenses are incurred, other than reimbursements solely related to bonuses for employees of the General Partner, which shall be reimbursed on or prior to the last business day of the month that such bonuses are paid.  For the avoidance of doubt, the costs and expenses set forth in Section 4.1(c) shall be paid by the Partnership Group in addition to, and not as a part of or included in, the Administrative Fee.
                                                                  ARTICLE V     
CAPITAL AND OTHER EXPENDITURES
5.1    Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the applicable Closing Date, with respect to Assets Transferred pursuant to a Transaction Agreement, the Delek Entities will reimburse the Partnership Group on a dollar-for-dollar basis, without duplication, for each of the following:
(a)    (i) any operating expenses in excess of $500,000 in any calendar year, in the case of Assets Transferred pursuant to the Initial Transaction Agreement set forth on Schedule IX, and (ii) any operating expenses and capital expenditures, in the case of Assets Transferred pursuant to the applicable Transaction Agreement set forth on Schedule IX, in each case, that are incurred by the Partnership Group for inspections, maintenance and repairs to any storage tanks included as part of the Assets and that are made solely in order to comply with current minimum standards under (x) the U.S. Department of Transportation’s Pipeline Integrity Management Rule 49 CFR 195.452 and (y) American Petroleum Institute (API) Standard 653 for Aboveground Storage Tanks (“API 653”);
(b)    expenses (including any fines and penalties) in excess of $1,000,000 per event (net of insurance recoveries, if any) incurred by the Partnership Group for the clean up or repair of any condition caused by the failure of any Asset prior to November 7, 2017; provided, however, that the Delek Entities shall not be required to reimburse the Partnership Group for any expenses in excess of $20,000,000 per event; 
(c)    non-discretionary maintenance capital expenditures, other than those required to comply with applicable Environmental Laws, in excess of $4,033,000 during the period from February 10, 2014 to December 31, 2014 with respect to those specific Assets transferred pursuant to the El Dorado Terminal and Tankage Transaction Agreement set forth on Schedule IX for which reimbursement has not been made pursuant to Section 5.1(b); 

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(d)    non-discretionary maintenance capital expenditures, other than those required to comply with applicable Environmental Laws, in excess of (i) $5,400,000 in calendar year 2014 (provided that no reimbursement shall be made pursuant to this clause (i) with respect to those specific Assets transferred pursuant to the El Dorado Terminal and Tankage Transaction Agreement set forth on Schedule IX); (ii) $9,800,000 in any calendar year beginning with calendar year 2015 and ending with calendar year 2017 and (iii) $4,400,000 in any calendar year beginning with calendar year 2018, in each case, incurred by the Partnership Group with respect to the Assets for which reimbursement has not been made pursuant to Sections 5.1(b) or 5.1(c), provided, that the Delek Entities shall not be required to reimburse the Partnership Group (x) under clauses (ii) or (iii) of this Section 5.1(d) for any amounts incurred after November 7, 2017 except with respect to those specific Assets transferred pursuant to the El Dorado Terminal and Tankage Transaction Agreement set forth on Schedule IX and (y) under clause (iii) of this Section 5.1(d) for any amounts incurred after February 10, 2019 (including with respect to those specific Assets transferred pursuant to the El Dorado Terminal and Tankage Transaction Agreement set forth on Schedule IX); and
(e)    capital expenditures in connection with those certain capital projects related to the Assets and as set forth on Schedule VIII to this Agreement.
                                                                 ARTICLE VI     
RIGHT OF FIRST OFFER
6.1    Right of First Offer to Purchase Certain Assets retained by Delek Entities.
(a)    Each ROFO Asset Owner hereby grants to the Partnership Group a right of first offer until November 7, 2022 (the “ROFO Period”) on any ROFO Asset set forth next to such ROFO Asset Owner’s name on Schedule V to the extent that such ROFO Asset Owner proposes to Transfer any ROFO Asset (other than (i) to an Affiliate who agrees in writing that such ROFO Asset remains subject to the provisions of this Article VI and such Affiliate assumes the obligations under this Article VI with respect to such ROFO Asset, (ii) in connection with a Transfer by the Delek Entities of the refinery with respect to which such ROFO Asset is within, substantially dedicated to or an integral part of or (iii) in connection with the foreclosure on such ROFO Asset by any lender under any credit arrangements of any Delek Entities in effect on the Closing Date) or enter into any agreement to do any of the foregoing during the ROFO Period.
(b)    The Parties acknowledge that all potential Transfers of ROFO Assets pursuant to this Article VI are subject to obtaining any and all required written consents of governmental authorities and other third parties and to the terms of all existing agreements in respect of the ROFO Assets; provided, however, that Delek US represents and warrants that, to its knowledge after reasonable investigation, there are no terms in such agreements that would materially impair the rights granted to the Partnership Group pursuant to this Article VI with respect to any ROFO Asset.
6.2    Procedures.
(a)    In the event a ROFO Asset Owner proposes to Transfer any applicable ROFO Asset (other than (i) to an Affiliate as provided in Section 6.1(a), (ii) in connection with a Transfer 

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by the Delek Entities of the refinery with respect to which such ROFO Asset is within, substantially dedicated to or an integral part of or (iii) in connection with the foreclosure on such ROFO Asset by any lender under any credit arrangements of any Delek Entities in effect on the Closing Date) during the ROFO Period (a “Proposed Transaction”), such ROFO Asset Owner shall, prior to entering into any such Proposed Transaction, first give notice in writing to the Partnership Group (the “ROFO Notice”) of its intention to enter into such Proposed Transaction.  The ROFO Notice shall include any material terms, conditions and details as would be necessary for a Partnership Group Member to make a responsive offer to enter into the Proposed Transaction with the applicable ROFO Asset Owner, which terms, conditions and details shall at a minimum include any terms, condition or details that such ROFO Asset Owner would propose to provide to non-Affiliates in connection with the Proposed Transaction. The Partnership Group shall have 90 days following receipt of the ROFO Notice to propose an offer to enter into the Proposed Transaction with such ROFO Asset Owner (the “ROFO Response”). The ROFO Response shall set forth the terms and conditions (including, without limitation, the purchase price the applicable Partnership Group Member proposes to pay for the ROFO Asset and the other terms of the purchase including, if requested by a Delek Entity, the terms on which the Partnership Group Member will provide services to the Delek Entity to enable the Delek Entity to utilize the applicable ROFO Asset) pursuant to which the Partnership Group would be willing to enter into a binding agreement for the Proposed Transaction. The decision to issue the ROFO Response and the terms of the ROFO Response shall be subject to approval by the Conflicts Committee. If no ROFO Response is delivered by the Partnership Group within such 90-day period, then the Partnership Group shall be deemed to have waived its right of first offer with respect to such ROFO Asset.
(b)    Unless the ROFO Response is rejected pursuant to written notice delivered by the applicable ROFO Asset Owner to the applicable Partnership Group Member within 90 days of the delivery of the ROFO Response, such ROFO Response shall be deemed to have been accepted by the applicable ROFO Asset Owner and such ROFO Asset Owner shall enter into an agreement with the applicable Partnership Group Member providing for the consummation of the Proposed Transaction upon the terms set forth in the ROFO Response and, if applicable, the Partnership Group Member will enter into an agreement with the Delek Entity setting forth the terms on which the Partnership Group Member will provide services to the Delek Entity to enable the Delek Entity to utilize the ROFO Asset. Unless otherwise agreed between the applicable Delek Entity and Partnership Group Member, the terms of the purchase and sale agreement will include the following:
(i)    the Partnership Group Member will agree to deliver the purchase price (in cash, Partnership Interests, an interest-bearing promissory note, or any combination thereof);
(ii)    the applicable ROFO Asset Owner will represent that it has title to the ROFO Assets that is sufficient to operate the ROFO Assets in accordance with their intended and historical use, subject to all recorded matters and all physical conditions in existence on the closing date for the purchase of the applicable ROFO Asset, plus any other such matters as the Partnership Group Member may approve. If the Partnership Group Member desires to obtain any title insurance with respect to the ROFO Asset, the full cost 

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and expense of obtaining the same (including but not limited to the cost of title examination, document duplication and policy premium) shall be borne by the Partnership Group Member;
(iii)    the applicable ROFO Asset Owner will grant to the Partnership Group Member the right, exercisable at the Partnership Group Member’s risk and expense prior to the delivery of the ROFO Response, to make such surveys, tests and inspections of the ROFO Asset as the Partnership Group Member may deem desirable, so long as such surveys, tests or inspections do not damage the ROFO Asset or interfere with the activities of the applicable ROFO Asset Owner;
(iv)    the Partnership Group Member will have the right to terminate its obligation to purchase the ROFO Asset under this Article VI if the results of any searches under Section 6.2(b)(ii) or (iii) above are, in the reasonable opinion of the Partnership Group Member, unsatisfactory;
(v)    the closing date for the purchase of the ROFO Asset shall occur no later than 180 days following receipt by the applicable ROFO Asset Owner of the ROFO Response pursuant to Section 6.2(a);
(vi)    the applicable ROFO Asset Owner and Partnership Group Member shall use commercially reasonable efforts to do or cause to be done all things that may be reasonably necessary or advisable to effectuate the consummation of any transactions contemplated by this Section 6.2(b), including causing its respective Affiliates to execute, deliver and perform all documents, notices, amendments, certificates, instruments and consents required in connection therewith; and
(vii)    neither the applicable ROFO Asset Owner nor the Partnership Group Member shall have any obligation to sell or buy the ROFO Assets if any of the consents referred to in Section 6.1(b) has not been obtained.
(c)    The Partnership Group and the applicable ROFO Asset Owner shall cooperate in good faith in obtaining all necessary governmental and other third party approvals, waivers and consents required for the closing. Any such closing shall be delayed, to the extent required, until the third business day following the expiration of any required waiting periods under the HSR Act; provided, however, that such delay shall not exceed 60 days following the 180 days referred to in Section 6.2(b)(v) (the “ROFO Governmental Approval Deadline”) and, if governmental approvals and waiting periods shall not have been obtained or expired, as the case may be, by such ROFO Governmental Approval Deadline, then such ROFO Asset Owner shall be free to enter into a Proposed Transaction with any third party (i) on terms and conditions (excluding those relating to price) that are not more favorable in the aggregate to such third party than those proposed in respect of the Partnership Group in the ROFO Response and (ii) at a price equal to no less than 100% of the price offered by the applicable Partnership Group Member in the ROFO Response to such ROFO Asset Owner.
(d)    If the Partnership Group has not timely delivered a ROFO Response as specified above with respect to a Proposed Transaction that is subject to a ROFO Notice, the 

18

applicable ROFO Asset Owner shall be free to enter into a Proposed Transaction with any third party on terms and conditions no more favorable to such third party than those set forth in the ROFO Notice. If a ROFO Response with respect to such Proposed Transaction is rejected by the applicable ROFO Asset Owner, such ROFO Asset Owner shall be free to enter into a Proposed Transaction with any third party (i) on terms and conditions (excluding those relating to price) that are not more favorable in the aggregate to such third party than those proposed in respect of the Partnership Group in the ROFO Response and (ii) at a price equal to no less than 100% of the price offered by the applicable Partnership Group Member in the ROFO Response to such ROFO Asset Owner.  
(e)    If a Proposed Transaction with a third party is not consumated as provided in Section 6.2 within one year of, as applicable, the Partnership Group’s failure to timely deliver a ROFO Response with respect to such Proposed Transaction that is subject to a ROFO Notice, the rejection by the applicable ROFO Asset Owner of a ROFO Response with respect to such Proposed Transaction or the ROFO Governmental Approval Deadline, then, in each case, the applicable ROFO Asset Owner may not Transfer any ROFO Assets described in such ROFO Notice without complying again with the provisions of this Article VI, if and to the extent then applicable.
                                                                ARTICLE VII     
RIGHT OF FIRST REFUSAL
7.1    Delek US Right of First Refusal.
(a)    Each Partnership Party hereby grants to Delek US a right of first refusal on: (i) any proposed Transfer (other than a grant of a security interest to a bona fide third-party lender or a Transfer to another Partnership Group Member) of any ROFR Asset set forth next to such Partnership Party’s name on Schedule VI and (ii) the use of the available capacity of the Paline Pipeline’s 185-mile, 10-inch crude oil pipeline running between Longview, Texas to Nederland, Texas or any portion thereof (the “ROFR Capacity”) following the termination of the Pipeline Capacity Usage Agreement. The Parties acknowledge and agree that nothing in this Article VII shall prevent or restrict the Transfer of the capital stock, equity or ownership interests or other securities of the General Partner or the Partnership. 
(b)    The Parties acknowledge that all potential Transfers of ROFR Assets and any use of the ROFR Capacity pursuant to this Article VII are subject to obtaining any and all required written consents of governmental authorities and other third parties and to the terms of all existing agreements in respect of the ROFR Assets or the ROFR Capacity, as applicable; provided, however, that the Partnership represents and warrants that, to its knowledge after reasonable investigation, there are no terms in such agreements that would materially impair the rights granted to Delek US pursuant to this Article VII with respect to any ROFR Asset.
7.2    Procedures for Transfer of ROFR Asset.
(a)    In the event a Partnership Group Member proposes to Transfer any of the ROFR Assets (other than to an Affiliate) pursuant to a bona fide third-party offer (an “Acquisition Proposal”), then the Partnership shall, prior to entering into any such Acquisition Proposal, first give notice in writing to Delek US (a “Disposition Notice”) of its intention to enter into such 

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Acquisition Proposal. The Disposition Notice shall include any material terms, conditions and details as would be necessary for Delek US to determine whether to exercise its right of first refusal with respect to the Acquisition Proposal, which terms, conditions and details shall at a minimum include: the name and address of the prospective acquiror (the “Proposed Transferee”), the ROFR Assets subject to the Acquisition Proposal (the “Sale Assets”), the purchase price offered by such Proposed Transferee (the “Offer Price”), reasonable detail concerning any non-cash portion of the proposed consideration, if any, to allow Delek US to reasonably determine the fair market value of such non-cash consideration, the Partnership Group’s estimate of the fair market value of any non-cash consideration and all other material terms and conditions of the Acquisition Proposal that are then known to the Partnership Group.  To the extent the Proposed Transferee’s offer consists of consideration other than cash (or in addition to cash), the Offer Price shall be deemed equal to the amount of any such cash plus the fair market value of such non-cash consideration.  In the event Delek US and the Partnership Group are able to agree on the fair market value of any non-cash consideration or if the consideration consists solely of cash, Delek US will provide written notice of its decision regarding the exercise of its right of first refusal to purchase the Sale Assets (the “ROFR Response”) to the Partnership Group within 60 days of its receipt of the Disposition Notice (the “First ROFR Acceptance Deadline”). In the event Delek US and the Partnership Group are unable to agree on the fair market value of any non-cash consideration prior to the First ROFR Acceptance Deadline, Delek US shall indicate its desire to determine the fair market value of such non-cash consideration pursuant to the procedures outlined in the remainder of this Section 7.2(a) in a ROFR Response delivered prior to the First ROFR Acceptance Deadline.  If no ROFR Response is delivered by Delek US prior to the First ROFR Acceptance Deadline, then Delek US shall be deemed to have waived its right of first refusal with respect to such Sale Asset.  In the event (i) Delek US’ determination of the fair market value of any non-cash consideration described in the Disposition Notice is less than the fair market value of such consideration as determined by the Partnership Group in the Disposition Notice and (ii) Delek US and the Partnership Group are unable to mutually agree upon the fair market value of such non-cash consideration within 60 days after Delek US notifies the Partnership Group of its determination thereof, the Partnership Group and Delek US will engage a mutually agreed upon, nationally recognized investment banking firm to determine the fair market value of the non-cash consideration. The investment banking firm will determine the fair market value of the non-cash consideration within 30 days of its engagement and furnish Delek US and the General Partner its determination. The fees of the investment banking firm will be split equally between the Delek Entities and the Partnership Group. Once the investment banking firm has submitted its determination of the fair market value of the non-cash consideration, Delek US will provide a ROFR Response to the Partnership Group within 30 days after the investment banking firm has submitted its determination (the “Second ROFR Acceptance Deadline”).  If no ROFR Response is delivered by Delek US prior to the Second ROFR Acceptance Deadline, then Delek US shall be deemed to have waived its right of first refusal with respect to such Sale Asset. 
(b)    If Delek US elects in a ROFR Response delivered prior to the applicable ROFR Acceptance Deadline to exercise its right of first refusal with respect to a Sale Asset, within 60 days of the delivery of the ROFR Response, such ROFR Response shall be deemed to have been accepted by the applicable Partnership Group Member and such Partnership Group Member shall enter into an agreement with Delek US providing for the consummation of the Acquisition Proposal 

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upon the terms set forth in the ROFR Response.  Unless otherwise agreed between Delek US and the Partnership, the terms of the purchase and sale agreement will include the following:
(i)    Delek US will agree to deliver the Offer Price in cash (unless Delek US and the Partnership Group agree that such consideration will be paid, in whole or in part, in equity securities of Delek US, an interest-bearing promissory note, or any combination thereof);
(ii)    the applicable Partnership Group Member will represent that it has title to the Sale Asset that is sufficient to operate the Sale Assets in accordance with their intended and historical use, subject to all recorded matters and all physical conditions in existence on the closing date for the purchase of the applicable Sale Asset, plus any other such matters as Delek US may approve. If Delek US desires to obtain any title insurance with respect to the Sale Asset, the full cost and expense of obtaining the same (including but not limited to the cost of title examination, document duplication and policy premium) shall be borne by Delek US;
(iii)    the applicable Partnership Group Member will grant to Delek US the right, exercisable at Delek US’ risk and expense prior to the delivery of the ROFR Response, to make such surveys, tests and inspections of the Sale Asset as Delek US may deem desirable, so long as such surveys, tests or inspections do not damage the Sale Asset or interfere with the activities of the applicable Partnership Group Member;
(iv)    Delek US will have the right to terminate its obligation to purchase the Sale Asset under this Article VII if the results of any searches under Section 7.2(b)(ii) or (iii) above are, in the reasonable opinion of Delek US, unsatisfactory;
(v)    the closing date for the purchase of the Sale Asset shall occur no later than 180 days following receipt by the Partnership Group of the ROFR Response pursuant to Section 7.2(a);
(vi)    the Partnership Group Member and Delek US shall use commercially reasonable efforts to do or cause to be done all things that may be reasonably necessary or advisable to effectuate the consummation of any transactions contemplated by this Section 7.2(b), including causing its respective Affiliates to execute, deliver and perform all documents, notices, amendments, certificates, instruments and consents required in connection therewith; 
(vii)    the sale of any Sale Assets shall be made on an “as is,” “where is” and “with all faults” basis, and the instruments conveying such Sale Assets shall contain appropriate disclaimers; and
(viii)    neither the Partnership Group nor Delek US shall have any obligation to sell or buy the Sale Assets if any of the consents referred to in Section 7.1(b) has not been obtained.

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(c)    Delek US and the Partnership Group shall cooperate in good faith in obtaining all necessary governmental and other third party approvals, waivers and consents required for the closing. Any such closing shall be delayed, to the extent required, until the third business day following the expiration of any required waiting periods under the HSR Act; provided, however, that such delay shall not exceed 60 days following the 180 days referred to in Section 7.2(b)(v) (the “ROFR Governmental Approval Deadline”) and, if governmental approvals and waiting periods shall not have been obtained or expired, as the case may be, by such ROFR Governmental Approval Deadline, then Delek US shall be deemed to have waived its right of first refusal with respect to the Sale Assets described in the Disposition Notice and thereafter the Partnership Group shall be free to consummate the Transfer to the Proposed Transferree, subject to Section 7.2(d)(ii). 
(d)    If the Transfer to the Proposed Transferee (i) in the case of a Transfer other than a Transfer permitted under Section 7.2(c), is not consummated in accordance with the terms of the Acquisition Proposal within the later of (A) 180 days after the applicable ROFR Acceptance Deadline and (B) three business days after the satisfaction of all governmental approval or filing requirements, if any, or (ii) in the case of a Transfer permitted under Section 7.2(c), is not consummated within the later of (A) 60 days after the ROFR Governmental Approval Deadline and (B) three business days after the satisfaction of all governmental approval or filing requirements, if any, then in each case the Acquisition Proposal shall be deemed to lapse, and the Partnership or member of the Partnership Group may not Transfer any of the Sale Assets described in the Disposition Notice without complying again with the provisions of this Article VII if and to the extent then applicable.
7.3    Procedures for Use of ROFR Capacity. 
(a)    In the event a Partnership Group Member proposes to enter into an agreement for the use of any of the ROFR Capacity (other than by an Affiliate) pursuant to a bona fide third-party offer (a “ROFR Capacity Proposal”), then the Partnership shall, prior to entering into any such ROFR Capacity Proposal, first give notice in writing to Delek US (a “ROFR Capacity Notice”) of its intention to enter into such ROFR Capacity Proposal. The ROFR Capacity Notice shall include any material terms, conditions and details as would be necessary for Delek US to determine whether to exercise its right of first refusal with respect to the ROFR Capacity Proposal, which terms, conditions and details shall at a minimum include: the name and address of the prospective contracting party (the “Proposed Shipper”), the portion of the ROFR Capacity subject to the ROFR Capacity Proposal (the “ROFR Proposal Assets”), the consideration offered by such Proposed Transferee (the “Shipping Price”), reasonable detail concerning any non-cash portion of the proposed consideration, if any, to allow Delek US to reasonably determine the fair market value of such non-cash consideration, the Partnership Group’s estimate of the fair market value of any non-cash consideration and all other material terms and conditions of the ROFR Capacity Proposal that are then known to the Partnership Group.  To the extent the Proposed Transferee’s offer consists of consideration other than cash (or in addition to cash), the Shipping Price shall be deemed equal to the amount of any such cash plus the fair market value of such non-cash consideration.  In the event Delek US and the Partnership Group are able to agree on the fair market value of any non-cash consideration or if the consideration consists solely of cash, Delek US will provide written notice of its decision regarding the exercise of its right of first refusal on the ROFR Proposal Assets upon 

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the terms set forth in the ROFR Capacity Notice (the “ROFR Capacity Response”) to the Partnership Group within 30 days of its receipt of the ROFR Capacity Notice (the “First ROFR Capacity Acceptance Deadline”). In the event Delek US and the Partnership Group are unable to agree on the fair market value of any non-cash consideration prior to the First ROFR Acceptance Deadline, Delek US shall indicate its desire to determine the fair market value of such non-cash consideration pursuant to the procedures outlined in the remainder of this Section 7.3(a) in a ROFR Capacity Response delivered prior to the First ROFR Acceptance Deadline.  If no ROFR Response is delivered by Delek US prior to the First ROFR Capacity Acceptance Deadline, then Delek US shall be deemed to have waived its right of first refusal with respect to such ROFR Proposal Asset.  In the event (i) Delek US’ determination of the fair market value of any non-cash consideration described in the ROFR Capacity Notice is less than the fair market value of such consideration as determined by the Partnership Group in the ROFR Capacity Notice and (ii) Delek US and the Partnership Group are unable to mutually agree upon the fair market value of such non-cash consideration within 30 days after Delek US notifies the Partnership Group of its determination thereof, the Partnership Group and Delek US will engage a mutually agreed upon, nationally recognized investment banking firm to determine the fair market value of the non-cash consideration. The investment banking firm will determine the fair market value of the non-cash consideration within 30 days of its engagement and furnish Delek US and the General Partner its determination. The fees of the investment banking firm will be split equally between the Delek Entities and the Partnership Group. Once the investment banking firm has submitted its determination of the fair market value of the non-cash consideration, Delek US will provide a ROFR Capacity Response to the Partnership Group within 30 days after the investment banking firm has submitted its determination (the “Second ROFR Capacity Acceptance Deadline”).  If no ROFR Capacity Response is delivered by Delek US prior to the Second ROFR Capacity Acceptance Deadline, then Delek US shall be deemed to have waived its right of first refusal with respect to such ROFR Proposal Asset.
(b)    If Delek US elects in a ROFR Capacity Response delivered prior to the applicable ROFR Capacity Acceptance Deadline to exercise its right of first refusal with respect to a ROFR Proposal Asset, such ROFR Capacity Response shall be deemed to have been accepted by the applicable Partnership Group Member and such Partnership Group Member shall enter into an agreement with Delek US providing for the consummation of the ROFR Capacity Proposal upon the terms set forth in the ROFR Capacity Response no later than 30 days following receipt by the Partnership of the ROFR Capacity Response pursuant to Section 7.3(a).  Unless otherwise agreed between Delek US and the Partnership, the terms of the agreement will include the following:
(i)    Delek US will agree to deliver the Shipping Price in cash;
(ii)    the applicable Partnership Group Member will represent that it has title to the ROFR Proposal Asset that is sufficient to operate the ROFR Proposal Asset in accordance with its intended and historical use;
(iii)    the Partnership Group Member and Delek US shall use commercially reasonable efforts to do or cause to be done all things that may be reasonably necessary or advisable to effectuate the consummation of any transactions contemplated by this Section 7.3(b), including causing its respective Affiliates to execute, deliver and perform all d

23

ocuments, notices, amendments, certificates, instruments and consents required in connection therewith; and
(iv)    neither the Partnership Group nor Delek US shall have any obligation to enter into any such agreement if any of the consents referred to in Section 7.1(b) has not been obtained.
(c)    If the agreement with the Proposed Shipper is not consummated in accordance with the terms of the ROFR Capacity Proposal within the later of (A) 180 days after the applicable ROFR Capacity Acceptance Deadline and (B) three business days after the satisfaction of all governmental approval or filing requirements, if any, then the ROFR Capacity Proposal shall be deemed to lapse, and the Partnership or member of the Partnership Group may not enter into an agreement for the use of any of the ROFR Proposal Assets described in the ROFR Capacity Notice without complying again with the provisions of this Article VII if and to the extent then applicable.
                                                              ARTICLE VIII     
LICENSE OF NAME AND MARK
8.1    Grant of License. Upon the terms and conditions set forth in this Article VIII, Delek US hereby grants and conveys to each of the entities currently or hereafter comprising a part of the Partnership Group a nontransferable, nonexclusive, royalty-free right and license (“License”) to use the name “Delek” (the “Name”) and any other trademarks owned by Delek US which contain the Name (collectively, the “Marks”).
8.2    Ownership and Quality. 
(a)    The Partnership agrees that ownership of the Name and the Marks and the goodwill relating thereto shall remain vested in Delek US both during the term of this License and thereafter, and the Partnership further agrees, and agrees to cause the other members of the Partnership Group, never to challenge, contest or question the validity of Delek US’ ownership of the Name and Marks or any registration thereto by Delek US.  In connection with the use of the Name and the Mark, the Partnership and any other member of the Partnership Group shall not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the Partnership, on behalf of itself and the other members of the Partnership Group, acknowledges that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Mark, and all use of the Name and the Marks by the Partnership or any other member of the Partnership Group, shall inure to the benefit of Delek US. 
(b)    The Partnership agrees, and agrees to cause the other members of the Partnership Group, to use the Name and Marks in accordance with such quality standards established by Delek US and communicated to the Partnership from time to time, it being understood that the products and services offered by the members of the Partnership Group immediately before the Closing Date are of a quality that is acceptable to Delek US and justifies the License.

24

8.3    Termination. The License shall terminate upon a termination of this Agreement pursuant to Section 9.4.
                                                                 ARTICLE IX     
MISCELLANEOUS
9.1    Choice of Law; Submission to Jurisdiction. This Agreement shall be subject to and governed by the laws of the State of Texas, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the laws of another state. Each Party hereby submits to the jurisdiction of the state and federal courts in the State of Texas and to venue in Houston, Texas.
9.2    Notice. All notices, requests, demands, and other communications hereunder will be in writing and will be deemed to have been duly given: (a) if by transmission by facsimile or hand delivery, when delivered; (b) if mailed via the official governmental mail system, five business days after mailing, provided said notice is sent first class, postage pre-paid, via certified or registered mail, with a return receipt requested; (c) if mailed by an internationally-recognized overnight express mail service such as FedEx, UPS, or DHL Worldwide, one Business Day after deposit therewith is prepaid; or (d) if by e-mail, one business day after delivery with receipt is confirmed. All notices will be addressed to the Parties at the respective addresses as follows:
If to the Delek Entities:
c/o Delek US Holdings, Inc. 
7102 Commerce Way 
Brentwood, TN 37027 
Attn:  General Counsel 
Telecopy No: (615) 435-1271
with a copy, which shall not constitute notice, to: 

c/o Delek US Holdings, Inc. 
        7102 Commerce Way 
        Brentwood, TN 37027 
        Attn:  President 
        Telecopy No: (615) 435-1271
If to the Partnership Group:
Delek Logistics Partners, LP 
c/o Delek Logistics GP, LLC 
7102 Commerce Way 
Brentwood, TN 37027 
Attn: General Counsel 
Telecopy No: (615) 435-1271

25

with a copy, which shall not constitute notice, to: 

Delek Logistics Partners, LP 
    c/o Delek Logistics GP, LLC 
    7102 Commerce Way 
    Brentwood, TN 37027 
    Attn: President 
    Telecopy No: (615) 435-1271
or to such other address or to such other person as either Party will have last designated by notice to the other Party.
9.3    Entire Agreement. This Agreement, together with the Schedules attached hereto (which are incorporated herein by reference) constitute the entire agreement of the Parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein.
9.4    Termination of Agreement. This Agreement, other than the provisions set forth in Article III hereof, may be terminated by Delek US or the Partnership upon a Partnership Change of Control. For the avoidance of doubt, the Parties’ indemnification obligations under Article III shall survive the termination of this Agreement in accordance with their respective terms.
9.5    Amendment or Modification. This Agreement may be amended or modified from time to time only by the written agreement of all the Parties hereto. Each such instrument shall be reduced to writing and shall be designated on its face an “Amendment” or an “Addendum” to this Agreement.
9.6    Assignment. No Party shall have the right to assign its rights or obligations under this Agreement without the consent of the other Parties hereto; provided, however, that (i) the Partnership may make a collateral assignment of this Agreement solely to secure financing for the Partnership Group and (ii) Delek US may assign its rights under Article VII to any Affiliate of Delek US.
9.7    Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all signatory parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission or in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart hereof.
9.8    Severability. If any provision of this Agreement shall be held invalid or unenforceable by a court or regulatory body of competent jurisdiction, the remainder of this Agreement shall remain in full force and effect.
9.9    Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement, each signatory party hereto agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or 

26

appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all such transactions.
9.10    Rights of Limited Partners. The provisions of this Agreement are enforceable solely by the Parties to this Agreement, and no Limited Partner of the Partnership shall have the right, separate and apart from the Partnership, to enforce any provision of this Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement.
9.11    Amendment and Restatement. This Agreement amends and restates the First A&R Agreement in its entirety and the Parties agree that the terms and provisions of this Agreement replace the terms and provisions of the First A&R Agreement, which is no longer in force as of the date hereof.
9.12    Amendment of Schedules. The Parties may amend and restate the Schedules at any time without otherwise amending or restating this Agreement by the execution by all of the Parties of a cover page to the amended Schedules in the form attached hereto as Exhibit B. Such amended and restated Schedules shall replace the prior Schedules as of the date of execution of the cover page and shall be incorporated by reference into this Agreement for all purposes.
9.13    Suspension of Certain Provisions in Certain Circumstances. The provisions of Article VI and Article VII shall be of no force and effect with respect to Delek US, Delek Refining or Lion Oil, as applicable, and such Party (i) shall have no rights or obligations under Article VI and Article VII if such Party shall institute any proceeding or voluntary case seeking to adjudicate it as bankrupt or insolvent, or seeking dissolution, liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for any such Person or for any substantial part of its property, (ii) shall be generally not paying its debts as such debts become due or shall admit in writing its inability to pay its debts generally, (iii) shall make a general assignment for the benefit of creditors, or (iv) shall take any action to authorize or effect any of the actions set forth above in this Section 9.13.  In addition to the foregoing, notwithstanding anything in Article VI and Article VII to the contrary:
(a)    The Partnership Group shall have no right to exercise any right of first offer under Article VI on, and no ROFO Asset Owner or lender to any ROFO Asset Owner shall have any obligation to give any ROFO Notice or other notice to the Partnership Group with respect to, any proposed Transfer of any ROFO Asset while any Default or Event of Default exists under, and as defined in, that certain Amended and Restated Financing Agreement dated December 18, 2013, by and among Lion Oil, the subsidiaries of Lion Oil party thereto, the lenders party thereto, and Bank Hapoalim B.M. in its capacity as collateral agent for the lenders, and as further amended, supplemented or otherwise modified from time to time (the “Lion Credit Agreement”), without the prior written consent of the Collateral Agent, as defined in the Lion Credit Agreement.  Upon any refinancing or replacement of any of the indebtedness evidenced by the Lion Credit Agreement (each a “Lion Refinancing Credit Agreement”), the Partnership Group shall execute and deliver to any administrative agent and/or lenders under any Lion Refinancing Credit Agreement an agreement and acknowledgement that the Partnership Group shall have no right to exercise any right of first 

27

offer under Article VI on any proposed Transfer of any ROFO Asset while any Default or Event of Default exists under such Lion Refinancing Credit Agreement without the prior written consent of such administrative agent or certain proportion of the lenders with respect thereto (which proportion shall be determined by the lenders in connection with such Lion Refinancing Credit Agreement).
(b)    The Partnership Group shall have no right to exercise any right of first offer under Article VI on, and no ROFO Asset Owner or lender to any ROFO Asset Owner shall have any obligation to give any ROFO Notice or other notice to the Partnership Group with respect to, any proposed Transfer of any ROFO Asset while any Default or Event of Default exists under, and as defined in, that certain Amended and Restated Credit Agreement dated as of January 16, 2014, by and among Delek Refining, Inc., Delek Refining, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Bank, National Association and Bank of America, N.A., as Co-Collateral Agents, Wells Fargo Bank, National Association, Merrill, Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, (the brand name for the capital markets activities of Royal Bank of Canada and its affiliates) and Regions Bank, as Joint Lead Arrangers and Joint Bookrunners, Bank of America, N.A., as Syndication Agent and Royal Bank of Canada and Regions Bank, as Co-Documentation Agents, and as further amended, supplemented or otherwise modified from time to time (the “Refining Credit Agreement”), without the prior written consent of Wells Fargo Bank, National Association, as administrative agent, and the Required Lenders, as defined in the Refining Credit Agreement.  Upon any refinancing or replacement of any of the indebtedness evidenced by the Refining Credit Agreement (each a “Refining Refinancing Credit Agreement”), the Partnership Group shall execute and deliver to any administrative agent and/or lenders under any Refining Refinancing Credit Agreement an agreement and acknowledgement that the Partnership Group shall not have the right to exercise any right of first offer on any proposed Transfer of any ROFO Asset while any Default or Event of Default exists under such Refining Refinancing Credit Agreement without the prior written consent of such administrative agent or certain proportion of the lenders with respect thereto (which proportion shall be determined by the lenders in connection with such Refining Refinancing Credit Agreement).
(c)    Delek US shall have no right to exercise any rights of first refusal under Article VII on, and no Partnership Party or lender to any Partnership Party shall have any obligation to give any Disposition Notice or other notice to the Partnership Group with respect to: (i) any proposed Transfer of any ROFR Asset or (ii) the use of the ROFR Capacity while any Default or Event of Default exists under, and as defined in, that Amended and Restated Credit Agreement dated as of July 9, 2013, by and among the Partnership, the other Borrowers party thereto, the Lenders and L/C issuers from time to time party thereto, the Guarantors from time to time party thereto, Fifth Third Bank, as Administrative Agent, Bank of America, N.A.. and Royal Bank of Canada, as Co-Syndication Agents, and Compass Bank, Barclays Bank PLC, PNC Bank, National Association and RBS Citizens, N.A., as Co-Documentation Agent, as amended, supplemented or otherwise modified from time to time (the “Partnership Credit Agreement”), without the prior written consent of the Required Lenders, as defined in the Partnership Credit Agreement.  Upon any refinancing or replacement of any of the indebtedness evidenced by the Partnership Credit Agreement (each a “Partnership Refinancing Credit Agreement”), Delek US shall execute and deliver to any administrative agent and/or lenders under any Partnership Refinancing Credit Agreement an agreement and acknowledgement that Delek US shall have no right to exercise any 

28

right of first refusal under Article VII on (i) any proposed Transfer of any ROFR Asset or (ii) the use of the ROFR Capacity while any Default or Event of Default exists under such Partnership Refinancing Credit Agreement without the prior written consent of such administrative agent or certain proportion of the lenders with respect thereto (which proportion shall be determined by the lenders in connection with such Partnership Refinancing Credit Agreement).
(d)    Delek US shall have no right to exercise any rights of first refusal under Article VII on, and no Partnership Party or lender to any Partnership Party shall have any obligation to give any Disposition Notice or other notice to the Partnership Group with respect to: (i) any proposed Transfer of any ROFR Asset or (ii) the use of the ROFR Capacity while any Default or Event of Default exists under, and as defined in, that Amended and Restated Credit Agreement dated as of July 9, 2013, by and among the Partnership, the other Borrowers party thereto, the Lenders and L/C issuers from time to time party thereto, the Guarantors from time to time party thereto, Fifth Third Bank, as Administrative Agent, Bank of America, N.A.. and Royal Bank of Canada, as Co-Syndication Agents, and Compass Bank, Barclays Bank PLC, PNC Bank, National Association and RBS Citizens, N.A., as Co-Documentation Agent, as amended, supplemented or otherwise modified from time to time (the “Partnership Credit Agreement”), without the prior written consent of the Required Lenders, as defined in the Partnership Credit Agreement.  Upon any refinancing or replacement of any of the indebtedness evidenced by the Partnership Credit Agreement (each a “Partnership Refinancing Credit Agreement”), Delek US shall execute and deliver to any administrative agent and/or lenders under any Partnership Refinancing Credit Agreement an agreement and acknowledgement that Delek US shall have no right to exercise any right of first refusal under Article VII on (i) any proposed Transfer of any ROFR Asset or (ii) the use of the ROFR Capacity while any Default or Event of Default exists under such Partnership Refinancing Credit Agreement without the prior written consent of such administrative agent or certain proportion of the lenders with respect thereto (which proportion shall be determined by the lenders in connection with such Partnership Refinancing Credit Agreement). 

29

IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the Closing Date.
DELEK US HOLDINGS, INC. 
 
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
By:     /s/ Kent B. Thomas     
Name: Kent B. Thomas 
Title:  Executive Vice President
DELEK REFINING, LTD. 
 
By: DELEK U.S. REFINING G.P., LLC,  
     its general partner 
 
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
By:     /s/ Kent B. Thomas     
Name: Kent B. Thomas 
Title:  Executive Vice President
LION OIL COMPANY 
 
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
By:     /s/ Kent B. Thomas     
Name: Kent B. Thomas 
Title:  Executive Vice President

Active 14971049.7    [Signature page to Second Amended and Restated Omnibus Agreement]

DELEK LOGISTICS PARTNERS, LP 
 
By:    Delek Logistics GP, LLC, 
    its general partner 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
PALINE PIPELINE COMPANY, LLC  
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
SALA GATHERING SYSTEMS, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President

[Signature page to Second Amended and Restated Omnibus Agreement]

MAGNOLIA PIPELINE COMPANY, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
EL DORADO PIPELINE COMPANY, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
DELEK CRUDE LOGISTICS, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
DELEK MARKETING-BIG SANDY, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President

[Signature page to Second Amended and Restated Omnibus Agreement]

DELEK MARKETING & SUPPLY, LP 
 
By:    Delek Marketing GP, LLC, 
    its general partner 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:   Executive Vice President
DELEK LOGISTICS OPERATING, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President
DELEK LOGISTICS GP, LLC 
 
By:     /s/ Andrew L. Schwarcz     
Name: Andrew L. Schwarcz 
Title:  Executive Vice President
By:     /s/ H. Pete Daily     
Name: H. Pete Daily 
Title:  Executive Vice President

[Signature page to Second Amended and Restated Omnibus Agreement]

Schedule I 
Pending Environmental Litigation
For Initial Transaction Agreement listed on Schedule IX
		
	(1)
	McMurrian v. Lion Oil Company, Circuit Court of Union County, Arkansas, Case No. CIV-2001-213.

For Tyler Terminal and Tankage Transaction Agreement listed on Schedule IX
		
	(1)
	Consent Decree entered in United States v. Tyler Holding Company, Inc. and Delek Refining, Ltd., case no. 6:09-cv-319 (Eastern District of Texas).

		
	(2)
	Any conditions or events reported to a governmental entity or other regulatory person prior to July 26, 2013.

For El Dorado Terminal and Tankage Transaction Agreement listed on Schedule IX
		
	(1)
	Consent Decree entered in United States and State of Arkansas v. Lion Oil Company, Civ. No. 03-1028 (Western District of Arkansas).

		
	(2)
	Any conditions or events reported to a governmental entity or other regulatory person prior to February 10, 2014.

		
	(3)
	Any matters described in either (a) the report of E.Vironment prepared for Delek US dated March 29, 2011 or (b) the draft report of Environmental Resources Management prepared for the Partnership dated February 7, 2014.

Schedule II 
Environmental Matters
For Initial Transaction Agreement listed on Schedule IX
		
	(1)
	Subsurface plume at Big Sandy terminal

For Tyler Terminal and Tankage Transaction Agreement listed on Schedule IX
		
	(1)
	A consent decree was entered in United States v. Tyler Holding Company, Inc. and Delek Refining, Ltd., case no. 6:09-cv-319 (Eastern District of Texas).

		
	(2)
	Any conditions or events reported to a governmental entity or other regulatory person prior to July 26, 2013.

For El Dorado Terminal and Tankage Transaction Agreement listed on Schedule IX
		
	(1)
	A consent decree was entered in United States and State of Arkansas v. Lion Oil Company, Civ. No. 03-1028 (Western District of Arkansas).

		
	(2)
	Any conditions or events reported to a governmental entity or other regulatory person prior to February 10, 2014.

		
	(3)
	Any matters described in either (a) the report of E.Vironment prepared for Delek US dated March 29, 2011 or (b) the draft report of Environmental Resources Management prepared for the Partnership dated February 7, 2014.

Schedule III 
Pending Litigation
For Initial Transaction Agreement listed on Schedule IX
		
	(1)
	Shell Trading (US) Company v. Lion Oil Trading & Transportation, Inc., District Court of Harris County, Texas, Cause No. 2009-11659.

For Tyler Terminal and Tankage Transaction Agreement listed on Schedule IX
None.
For El Dorado Terminal and Tankage Transaction Agreement listed on Schedule IX
None.

Schedule IV 
General and Administrative Services
		
	(1)
	Executive management services of Delek employees who devote less than 50% of their business time to the business and affairs of the Partnership Group, including Delek US stock-based compensation expense

		
	(2)
	Financial and administrative services (including, but not limited to, treasury and accounting)

		
	(3)
	Information technology services

		
	(4)
	Legal services

		
	(5)
	Health, safety and environmental services

		
	(6)
	Human resources services

		
	(7)
	Insurance administration

Schedule V 
ROFO Assets
	
		
	Asset
	Owner

	El Dorado Rail Skids.  Two crude oil unloading racks south of the metering skid at Lion Oil’s El Dorado, Arkansas refinery. The racks are designed to receive up to 32,000 bpd of light crude oil or 10,000 bpd of heavy crude oil delivered by rail to the El Dorado refinery.
	Lion Oil

Schedule VI 
ROFR Assets
	
		
	Asset
	Owner

	Paline Pipeline.  The 185-mile, 10-inch crude oil pipeline running from Longview, Texas and the Chevron-operated Beaumont terminal in Nederland, Texas and an approximately seven-mile idle pipeline from Port Neches to Port Arthur, Texas.
	Paline

	SALA Gathering System.  The approximately 600 miles of three- to eight-inch crude oil gathering and transportation lines in southern Arkansas and northern Louisiana located primarily within a 60-mile radius of the El Dorado refinery.
	SALA

	Magnolia Pipeline System.  The 77-mile crude oil pipeline running between a connection with ExxonMobil’s North Line pipeline near Shreveport, Louisiana and our Magnolia Station.  
	Magnolia

	El Dorado Pipeline System.  The  28-mile crude oil pipeline, the 12-inch diesel line from the El Dorado refinery to the Enterprise system and the 10-inch gasoline line from the El Dorado refinery to the Enterprise system.
	El Dorado

	McMurrey Pipeline System.  The 65-mile pipeline system that transports crude oil from inputs between the La Gloria Station and the Tyler refinery
	Crude Logistics

	Nettleton Pipeline System.  The 36-mile pipeline that transports crude oil from Nettleton Station to the Tyler refinery.
	Crude Logistics

	Big Sandy Terminal.  The terminal located in Big Sandy, Texas and the eight-inch Hopewell-Big Sandy Pipeline originating at Hopewell Junction, Texas and terminating at the Big Sandy Station in Big Sandy, Texas.
	Marketing-Big Sandy

	Memphis Terminal.  The terminal located in Memphis, Tennessee supplied by the El Dorado refinery through the Enterprise TE Products Pipeline.
	OpCo

	Tyler Refinery Refined Products Terminal.  Located at the Tyler refinery, this terminal consists of a truck loading rack with nine loading bays supplied by pipeline from storage tanks located at the refinery. Total throughput capacity for the terminal is estimated to be approximately 72,000 bpd.
	DMSLP

	Tyler Storage Tanks.  Located in Tyler, Texas adjacent to the Tyler refinery, the Tankage (as defined in the Tyler Terminal and Tankage Transaction Agreement listed on Schedule IX).
	DMSLP

	El Dorado Refined Products Terminal.  Located at the El Dorado refinery, this terminal consists of a truck loading rack supplied by pipeline from storage tanks located at the refinery. Total throughput capacity for the terminal is estimated to be approximately 26,700 bpd.
	OpCo

	El Dorado Storage Tanks.  Located at Sandhill Station and adjacent to the El Dorado refinery, the Tankage (as defined in the El Dorado Terminal and Tankage Agreement listed on Schedule IX).
	OpCo

Schedule VII 
Certain Delek Projects
For Initial Transaction Agreement listed on Schedule IX
		
	(1)
	That certain project related to AFE # 10502041912 which provides for the construction of a new crude oil storage tank at Delek Refining’s Tyler, Texas refinery with aggregate shell capacity of approximately 300,000 bbls.

For Tyler Terminal and Tankage Transaction Agreement listed on Schedule IX
None.
For El Dorado Terminal and Tankage Transaction Agreement listed on Schedule IX
None.

Schedule VIII 
Existing Capital Projects
For Initial Transaction Agreement listed on Schedule IX
		
	(1)
	That certain project related to AFE # 10501047412, which provides for the construction of new crude oil pipeline that commences at the metering skid situated south of Tank #107 at Lion Oil’s El Dorado, Arkansas refinery and continues along the south side of Sandhill Station to its termination point at the tie-in to the Tank #192 fill line.

		
	(2)
	That certain project related to AFE # 11105042812, which provides for the completion of Phase IV of the reversal of the Paline Pipeline System.

		
	(3)
	That certain project related to AFE # 10502041912, which provides for the installation of piping and valves to enable bi-directional flow on the Nettleton Pipeline.

For Tyler Terminal and Tankage Transaction Agreement listed on Schedule IX
None.
For El Dorado Terminal and Tankage Transaction Agreement listed on Schedule IX
		
	(1)
	Work performed in connection with the turnaround of Lion Oil’s El Dorado refinery that commenced in January 2014.

Schedule IX 
Transaction Agreements and Applicable Terms
Initial Transaction Agreement
	
						
	Transaction Agreement
	Closing Date
	First Indemnification Deadline
	Second Indemnification Deadline
	Annual Environmental Deductible
	Annual ROW Deductible

	Contribution, Conveyance and Assumption Agreement, among the Partnership, the General Partner, OpCo, Crude Logistics, Delek US, Delek Marketing & Supply, LLC, Delek Marketing & Supply, LP, Lion Oil and Delek Logistics Services Company
	November 7, 2012
	November 7, 2017
	November 7, 2022
	$250,000
	$250,000

Tyler Terminal and Tankage Transaction Agreement
	
						
	Transaction Agreement
	Closing Date
	First Indemnification Deadline
	Second Indemnification Deadline
	Annual Environmental Deductible
	Annual ROW Deductible

	Asset Purchase Agreement between Delek Refining, Ltd., as Seller, and Delek Marketing & Supply, LP, as Buyer
	July 26, 2013
	July 26, 2018
	July 26, 2023
	$250,000
	$250,000

El Dorado Terminal and Tankage Transaction Agreement
	
						
	Transaction Agreement
	Closing Date
	First Indemnification Deadline
	Second Indemnification Deadline
	Annual Environmental Deductible
	Annual ROW Deductible

	Asset Purchase Agreement between Lion Oil Company, as Seller, and Delek Logistics Operating, LLC, as Buyer
	February 10, 2014
	February 10, 2019
	February 10, 2024
	$250,000
	$250,000

Schedule X 
API 653 Tanks
Tyler Terminal and Tankage Transaction Agreement
	
					
	Tank #
	Location
	Assigned Service
	Next Internal Inspection Due

	01-T-
	6
	West Tank Farm
	JP8
	4/29/2016

	01-T-
	7
	West Tank Farm
	Jet A
	1/16/2018

	01-T-
	8
	West Tank Farm
	Jet A
	2/16/2018

	01-T-
	11
	West Tank Farm
	Carbon Black Oil
	6/1/2013

	01-T-
	12
	West Tank Farm
	Ultra Low Sulfur Diesel
	6/23/2018

	01-T-
	16
	West Tank Farm
	Gas Oil/Topped Crude
	9/12/2014

	01-T-
	19
	West Tank Farm
	Topped Crude/Gas Oil
	6/1/2013

	01-T-
	39
	West Tank Farm
	Commercial Butane
	1/20/2014

	01-T-
	40
	West Tank Farm
	Commercial Butane
	4/5/2014

	01-T-
	41
	West Tank Farm
	Commercial Butane
	4/13/2014

	01-T-
	46
	North Tank Farm
	Ethanol
	12/21/2017

	01-T-
	52
	West Tank Farm
	Sub grade 84
	4/5/2014

	01-T-
	55
	West Tank Farm
	Hydrotreated HSR naphtha
	3/26/2017

	01-T-
	59
	North Tank Farm
	L.Alkylate
	3/16/2014

	01-T-
	60
	North Tank Farm
	FCC Gasoline /Total Alkylate
	6/25/2015

	01-T-
	61
	North Tank Farm
	Platformate
	8/26/2013

	01-T-
	63
	North Tank Farm
	Platformate
	9/12/2015

	01-T-
	64
	West Tank Farm
	Coker Naphtha
	2/28/2015

	01-T-
	65
	West Tank Farm
	Coker Naphtha
	6/1/2013

	01-T-
	66
	North Tank Farm
	GHT Charge
	7/17/2018

	01-T-
	103
	Alky Tank Farm
	Isobutane
	6/19/2015

	01-T-
	105
	Alky Tank Farm
	Isobutane
	6/4/2017

	01-T-
	106
	Alky Tank Farm
	Isobutane
	11/5/2011

	01-T-
	107
	Alky Tank Farm
	Isobutane
	9/28/2013

	01-T-
	115
	Subgrade 84
	Subgrade 84
	2/9/2015

	01-T-
	118
	Aviation Tank Farm
	L Alkylate
	10/26/2015

	01-T-
	122
	Sales Tank Farm
	Unlead 87
	11/5/2015

	01-T-
	124
	Sales Tank Farm
	Subgrade 91
	11/12/2014

	01-T-
	125
	Sales Tank Farm
	Subgrade 91
	7/28/2017

	01-T-
	127
	West Tank Farm
	Gas Oil
	6/20/2015

	01-T-
	132
	Alky Tank Farm
	Olefins
	3/15/2018

	01-T-
	133
	Alky Tank Farm
	Olefins
	2/26/2018

	01-T-
	134
	West Tank Farm
	JP8
	1/8/2018

	01-T-
	135
	West Tank Farm
	JP8
	1/17/2017

	
					
	Tank #
	Location
	Assigned Service
	Next Internal Inspection Due

	01-T-
	136
	North Tank Farm
	FCC Gasoline /Total Alkylate
	12/17/2016

	01-T-
	153
	Pipeline Tank Farm
	Kerosene (JP8)
	6/1/2013

	01-T-
	156
	Pipeline Tank Farm
	DHT Charge
	6/1/2013

	01-T-
	162
	Crude Tank Farm
	Crude Oil
	2/1/2016

	01-T-
	165
	Alky Tank Farm
	Olefins
	6/1/2013

	01-T-
	166
	Alky Tank Farm
	Olefins
	8/10/2017

	01-T-
	167
	Alky Tank Farm
	Commercial Butane
	2/29/2016

	01-T-
	169
	West Tank Farm
	LSR or Isomate RD
	1/30/2012

	01-T-
	1
	West Tank Farm
	Waste Water Holding
	9-13-2016

	01-T-
	3
	West Tank Farm
	Recovered oil
	7/24/2017

	01-T-
	4
	West Tank Farm
	Recovered oil
	4/15/2017

	01-T-
	5
	West Tank Farm
	Waste Water Holding
	11-10-2016

	01-T-
	14
	West Tank Farm
	Waste Water Holding
	5/18/2018

	01-T-
	21
	West Tank Farm
	Oily Water
	4/06/2018

	01-T-
	26
	West Tank Farm
	Oily Water
	4/10/2018

	01-T-
	120
	Sulfuric Acid Area
	Fresh Sulfuric Acid
	2/2/2018

El Dorado Terminal and Tankage Transaction Agreement
	
			
	Tank
	Next
Inspection
	Area

	T007
	TBD
	LOT

	T019
	TBD
	#4,#8&#11

	T024
	TBD
	PMA

	T036
	TBD
	PH

	T042
	2023
	#4,#8&#11

	T043
	2023
	#4,#8&#11

	T054
	TBD
	PH

	T059
	TBD
	PH

	T061
	TBD
	PH

	T062
	TBD
	PH

	T063
	TBD
	PH

	T064
	2023
	PH

	T065
	TBD
	PH

	T066
	TBD
	PH

	T067
	TBD
	PH

	T082
	TBD
	PH

	
			
	Tank
	Next
Inspection
	Area

	T084
	2019
	PH

	T085
	2022
	PH

	T088
	2019
	PH

	T089
	TBD
	PH

	T098
	TBD
	AP

	T103
	2019
	PH

	T108
	TBD
	PH

	T109
	TBD
	PH

	T113
	TBD
	PH

	T114
	2014
	PH

	T115
	2021
	PH

	T120
	TBD
	PH

	T121
	TBD
	PH

	T122
	TBD
	PH

	T123
	TBD
	PH

	T124
	2022
	PH

	T126
	2020
	PH

	T128
	2020
	PH

	T146
	2015
	PH

	T147
	2015
	PH

	T148
	2015
	PH

	T149
	2019
	PH

	T155
	2021
	PH

	T167
	TBD
	AP

	T168
	2015
	AP

	T180
	TBD
	PMA

	T184
	2016
	PH

	T185
	2016
	PH

	T186
	2015
	PH

	T187
	2015
	PH

	T189
	2015
	PH

	T191
	TBD
	PH

	T194
	2019
	#5 & #14

	T195
	2019
	#5 & #14

	T196
	2019
	#5 & #14

	T197
	2019
	#5 & #14

	T199
	TBD
	AP

	T217
	TBD
	#7,#10&#12

	T241
	TBD
	#5 & #14

	T242
	2014
	#5 & #14

	T243
	2014
	#5 & #14

	
			
	Tank
	Next
Inspection
	Area

	T245
	TBD
	#5 & #14

	T246
	TBD
	#5 & #14

	T247
	TBD
	#5 & #14

	T262
	TBD
	PH

	T263
	2014
	PH

	T264
	TBD
	PH

	T265
	2014
	PH

	T268
	2019
	LOT

	T269
	2019
	LOT

	T271
	TBD
	PH

	T272
	TBD
	PH

	T273
	TBD
	PH

	T274
	2014
	PH

	T282
	2023
	WWTP

	T283
	2023
	WWTP

	T353
	2022
	AP

	T354
	2016
	AP

	T356
	TBD
	AP

	T357
	TBD
	AP

	T360
	2021
	#5 & #14

	T361
	2022
	#5 & #14

	T362
	2019
	#5 & #14

	T363
	2019
	#5 & #14

	T364
	2019
	#5 & #14

	T365
	2019
	#5 & #14

	T366
	2019
	#5 & #14

	T367
	TBD
	#5 & #14

	T368
	TBD
	#5 & #14

	T371
	TBD
	#5 & #14

	T372
	TBD
	#5 & #14

	T531
	2023
	PH

	T532
	2022
	PH

	T536
	2019
	#5 & #14

	T540
	TBD
	Trucking

	T552
	TBD
	Trucking

	T554
	2019
	PMA

	T571
	TBD
	AP

	 
	 
	 

	T051
	2021
	PH

	T198
	2020
	#5 & #14

	T240
	2015
	#5 & #14

	
			
	Tank
	Next
Inspection
	Area

	T244
	N/A
	#5 & #14

	 
	 
	 

	T004
	TBD
	LOT

	T009
	TBD
	LOT

	T053
	2022
	LOT

	T140
	2022
	LOT

	T141
	TBD
	LOT

	T142
	2016
	LOT

	T143
	2016
	LOT

	T144
	2014
	LOT

	T188
	TBD
	PH

	T275
	TBD
	WWTP

	T276
	TBD
	WWTP

	T277
	TBD
	WWTP

	T278
	TBD
	WWTP

	T279
	TBD
	WWTP

	T280
	TBD
	WWTP

	T373
	2020
	LOT

	T374
	2023
	#7,#10&#12

	T393
	TBD
	WWTP

	T394
	TBD
	WWTP

	T432
	2014
	LOT

	T449
	2014
	WWTP

	T541
	TBD
	LOT

	T542
	TBD
	LOT

	T543
	TBD
	LOT

	T545
	TBD
	WWTP

	T546
	TBD
	WWTP

	T547
	2014
	PH

	T023
	2022
	AP

	T039
	2023
	#4,#8&#11

	T040
	2020
	#4,#8&#11

	T041
	TBD
	#4,#8&#11

	T076
	2015
	#4,#8&#11

	T078
	TBD
	AP

	T101
	TBD
	AP

	T102
	2022
	#4,#8&#11

	T104
	TBD
	#4,#8&#11

	T105
	TBD
	#4,#8&#11

	T112
	TBD
	PMA

	T219
	2022
	AP

	
			
	Tank
	Next
Inspection
	Area

	T348
	TBD
	AP

	T349
	2014
	AP

	T350
	TBD
	AP

	T351
	TBD
	AP

	T352
	TBD
	AP

	T355
	2022
	AP

	T382
	2022
	PMA

	T383
	2022
	PMA

	T384
	2023
	PMA

	T385
	TBD
	PMA

	T386
	2023
	PMA

	T387
	2023
	PMA

	T544
	TBD
	AP

	T548
	2022
	PMA

	T553
	2022
	PMA

	T107
	2022
	AP

	T110
	2022
	AP

	T175
	2015
	AP

	T119
	2023
	PH

	T125
	TBD
	PH

	T549
	2014
	PH

Exhibit A
Form of Joinder Agreement
This Joinder Agreement (this “Agreement”) is made as of the date written below by the undersigned (the “Joining Party”) in accordance with that certain Second Amended and Restated Omnibus Agreement (the “Omnibus Agreement”) by and among Delek US Holdings, Inc., a Delaware corporation, on behalf of itself and the other Delek Entities, Delek Refining, Ltd., a Texas Limited Partnership, Lion Oil Company, an Arkansas corporation, Delek Logistics Partners, LP, a Delaware limited partnership, Paline Pipeline Company, LLC, a Texas limited liability company, SALA Gathering Systems, LLC, a Texas limited liability company, Magnolia Pipeline Company, LLC, a Delaware limited liability company, El Dorado Pipeline Company, LLC, a Delaware limited liability company, Delek Crude Logistics, LLC, a Texas limited liability company, Delek Marketing-Big Sandy, LLC, a Texas limited liability company, Delek Marketing & Supply, LP, a Delaware limited partnership, Delek Logistics Operating, LLC, a Delaware limited liability company, and Delek Logistics GP, LLC, a Delaware limited liability company.  Capitalized terms not defined herein shall have the meanings given to such terms in the Omnibus Agreement.
The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Joining Party shall become a party to and a “ROFO Asset Owner” under the Omnibus Agreement as of the date hereof, and (i) shall have all of the rights and obligations thereof as more fully set forth therein as if it had executed the Omnibus Agreement directly, and (ii) agrees to be bound by the terms, provisions and conditions pertaining thereto, as more fully set forth therein, as if it had executed the Omnibus Agreement directly.
IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the date written below.
	
		
	Date: _________________
	________________________

By:                                                                      
   Name: 
   Title:

By:                                                                      
   Name: 
   Title:

Exhibit B
Form of Cover Page for Amendment and Restatement  
of Schedules to Second Amended and Restated Omnibus Agreement
A Second Amended and Restated Omnibus Agreement was executed as of February [●], 2014 (the “Amended and Restated Omnibus Agreement”), among Delek US, on behalf of itself and the other Delek Entities (as defined herein), Delek Refining, Lion Oil, the Partnership, Paline, SALA, Magnolia, El Dorado, Crude Logistics, Marketing-Big Sandy, DMSLP, OpCo, and the General Partner. Capitalized terms not otherwise defined in this document shall have the terms set forth in the Amended and Restated Omnibus Agreement. 
The Parties agree that the Schedules are hereby amended and restated in their entirety as of the date hereof to be as attached hereto. Pursuant to Section 9.12 of the Amended and Restated Omnibus Agreement, such amended and restated Schedules shall replace the prior Schedules as of the date hereof and shall be incorporated by reference into the Amended and Restated Omnibus Agreement for all purposes.
Executed as of _______________, 20___.
DELEK US HOLDINGS, INC. 
 
By:          
Name:  
Title:  
By:          
Name:  
Title: 
DELEK REFINING, LTD. 
By: DELEK U.S. REFINING G.P., LLC,  
     its general partner 
 
By:          
Name:  
Title:  
By:          
Name:  
Title: 

LION OIL COMPANY 
 
By:          
Name:  
Title:  
By:          
Name:  
Title: 
DELEK LOGISTICS PARTNERS, LP 
 
By:    Delek Logistics GP, LLC, 
    its general partner 
 
By:          
Name:  
Title: 
By:          
Name:  
Title:  
PALINE PIPELINE COMPANY, LLC  
 
By:          
Name:  
Title:  
By:          
Name:  
Title: 
SALA GATHERING SYSTEMS, LLC 
 
By:          
Name:  
Title: 

By:          
Name:  
Title: 
MAGNOLIA PIPELINE COMPANY, LLC 
 
By:          
Name:  
Title: 
By:          
Name:  
Title:  
EL DORADO PIPELINE COMPANY, LLC 
 
By:          
Name:  
Title:  
By:          
Name:  
Title:  
DELEK CRUDE LOGISTICS, LLC 
 
By:          
Name:  
Title: 
By:          
Name:  
Title: 
DELEK MARKETING-BIG SANDY, LLC 
 
By:          
Name: 
Title: 

By:          
Name:  
Title:  
DELEK MARKETING & SUPPLY, LP 
 
By:    Delek Marketing GP, LLC, 
    its general partner 
 
By:          
Name:  
Title: 
By:          
Name:  
Title:  
DELEK LOGISTICS OPERATING, LLC 
 
By:          
Name:  
Title: 
By:          
Name:  
Title: 
DELEK LOGISTICS GP, LLC 
 
By:          
Name:  
Title: 
By:          
Name:  
Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}]]