Document:

Exhibit

Exhibit 10.12

November 27, 2017

Calumet Specialty Products Partners, L.P.
2780 Waterfront Parkway East Drive, Suite 200
Indianapolis, Indiana  46214
Attention:  D. West Griffin,     Executive Vice President and Chief Financial Officer

		
	Re:
	Second Amended and Restated Credit Agreement dated as of July 14, 2014 (as the same may be amended or otherwise modified, the "Credit Agreement"), among Calumet Specialty Products Partners, L.P. ("MLP Parent"), certain Subsidiaries of MLP Parent party thereto, the Lenders party thereto, and Bank of America, N.A., as agent for the Lender ("Agent"); all capitalized terms used herein, unless otherwise defined herein, shall have the same meaning as in the Credit Agreement

Ladies and Gentlemen:

Borrower Agent has advised Agent and Lenders that Obligors will not be able to deliver the financial statements for the Fiscal Quarter ended September 30, 2017 (the "9/30/17 Financial Statements") within the number of days after such Fiscal Quarter end required by Section 9.1.1(b) of the Credit Agreement.  In accordance with Section 13.1.1 of the Credit Agreement, Borrower Agent has requested that Required Lenders consent to Obligors' departure from the requirements of Section 9.1.1(b) of the Credit Agreement with respect to the delivery of the 9/30/17 Financial Statements.
Each of the undersigned Lenders consents to Obligors' departure from Section 9.1.1(b) of the Credit Agreement with respect to the timely delivery of the 9/30/17 Financial Statements, which consent is subject to Obligors' compliance with the agreements set forth in this letter (this "Consent Letter") below.
To induce Agent and Required Lenders to agree to the terms of this Consent Letter, Borrowers (by their execution below) hereby agree as follows:
1.Obligors will deliver to Agent the 9/30/17 Financial Statements meeting the requirements of Section 9.1.1(b) of the Credit Agreement on or before December 31, 2017.  The failure to deliver such financial statements by such date shall constitute an Event of Default.

2.The agreements of Lenders set forth herein shall not be deemed a consent to the departure from or a waiver of: (a) Section 9.1.1(b) of the Credit Agreement for any purpose other than as specifically set forth herein with respect to the 9/30/17 Financial Statements, (b) any other covenant or condition in any Credit Document, or (c) any Default that may otherwise arise or that may be reflected in the financial statements delivered pursuant to paragraph 1 above.  The failure to comply fully with Section 9.1.1(b) of the Credit Agreement with respect to any other date, year, time or other matter shall constitute an Event of Default.

3.Except as specifically set forth herein, all terms and provisions of the Credit Documents, all rights of Agent and Lenders thereunder and all obligations of Obligors thereunder shall remain in full force and effect and are ratified and confirmed in all respects.

4.The Credit Agreement and the other Credit Documents shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.

Consent Letter, Page 1

Each Borrower also represents and warrants to Agent and each Lender that the following statements are true, correct and complete:  (a) no Default has occurred and is continuing and (b) the representations and warranties set forth in the Credit Documents are true and correct on and as of the date hereof with the same effect as though made on and as of such date (except for representations and warranties that expressly relate only to an earlier date, which shall be true and correct on such date).
This Consent Letter embodies the final, entire agreement among the parties hereto and supersedes any and all prior commitments, agreements, representations and understandings, whether written or oral, relating to the subject matter hereof, and may not be contradicted or varied by evidence of prior, contemporaneous or subsequent oral agreements or discussions of the parties hereto.  This Consent Letter is to be governed by and construed in accordance with the applicable law pertaining in the State of New York, other than those conflict of law provisions that would defer to the substantive laws of another jurisdiction.  This governing law election has been made by the parties in reliance (at least in part) on Section 5-1401 of the General Obligations Law of the State of New York, as amended (as and to the extent applicable), and other applicable law.  This Consent Letter may be executed in one or more counterparts and on telecopied or other electronically reproduced counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same agreement.
The consent contemplated by this Consent Letter may be granted with the agreement of Required Lenders, which term is defined in the Credit Agreement to mean Lenders having more than fifty percent (50%) of the Revolving Commitments (such percentage applicable to a Lender, herein such Lender's "Required Lender Percentage").  For purposes of determining the effectiveness of this Consent Letter, each Lender's Required Lender Percentage is set forth on Schedule 1 attached hereto. 

Consent Letter, Page 2

Very truly yours,

BANK OF AMERICA, N.A.,
as Agent, a Lender and an Issuing Bank
By: /s/ Hance VanBeber                        
Name:    Hance VanBeber
Title:     Senior Vice President

Accepted and agreed to
as of November 27, 2017:

	
		
	 
	BORROWERS:

CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.

By:    Calumet GP, LLC, its general partner

By:      /s/ D. West Griffin                    
Name:  D. West Griffin
Title:  Executive Vice President and Chief Financial Officer

CALUMET OPERATING, LLC

By: /s/ John R. Krutz                         
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET REFINING, LLC

By:  /s/ John R. Krutz                             
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET SHREVEPORT REFINING, LLC

By:    Calumet Refining, LLC, its sole member

By:      /s/ John R. Krutz                     
Name:  John R. Krutz
Title:  Vice President - Finance

Consent Letter Signature Page

CALUMET SAN ANTONIO REFINING, LLC

By:    Calumet Refining, LLC, its sole member

By:      /s/ John R. Krutz                     
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET MONTANA REFINING, LLC

By:    Calumet Refining, LLC, its sole member

By: /s/ John R. Krutz                          
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET MISSOURI, LLC

By:    Calumet Refining, LLC, its sole member

By:      /s/ John R. Krutz                     
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET KARNS CITY REFINING, LLC

By:     Calumet Refining, LLC, its sole member

By: /s/ John R. Krutz                          
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET FINANCE CORP.

By:  /s/ John R. Krutz                             
Name:  John R. Krutz
Title:  Vice President-Finance and Treasurer

CALUMET BRANDED PRODUCTS, LLC

By:  /s/ John R. Krutz                             
Name:  John R. Krutz
Title:  Vice President - Finance

Consent Letter Signature Page

BEL-RAY COMPANY, LLC

By:    Calumet Branded Products, LLC, its sole member

By:  /s/ John R. Krutz                     
Name:  John R. Krutz
Title:  Vice President - Finance

CALUMET INTERNATIONAL, INC. 

By: /s/ John R. Krutz                              
Name:  John R. Krutz
Title:  Vice President-Finance and Treasurer

KURLIN COMPANY, LLC

By:    Calumet International, Inc., its sole member

By:  /s/ John R. Krutz                         
Name:  John R. Krutz
Title:  Vice President - Finance

OTHER LENDERS:

WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
as Co-Syndication agent and a Lender

By: /s/ Lynn Fiore                    
Name:    Lynn Fiore
Title:    Duly Authorized Signatory

JPMORGAN CHASE BANK, N.A.,
as Co-Syndication Agent and a Lender
By: /s/ Christy L. West                    
Name:    Christy L. West                    
Title:Authorized Officer                     

DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender
By: /s/ Juan J. Meta                    
Name:    Juan J. Meta                
Title: Director                    

Consent Letter Signature Page

By: /s/ Rodrigo Torres                        
Name:    Rodrigo Torres                
Title: Vice President                

PNC BANK, NATIONAL ASSOCIATION,
as Co-Documentation Agent and a Lender
By: /s/ Scott Goldstein                        
Name: Scott Goldstein                    
Title: Senior Vice President                    

U.S. BANK NATIONAL ASSOCIATION,
as a Lender
By: /s/     Rod Swenson                
Name:    Rod Swenson                
Title: Vice President                    

REGIONS BANK, as a Lender
By: /s/ Davis Sutrinaitis                    
Name:Davis Sutrinaitis                        
Title:     Vice President                    

BARCLAYS BANK PLC, as a Lender
By: /s/ May Huang                    
Name:    May Huang                
Title: Assistant Vice President                    

NATIXIS, as a Lender
By: /s/ Brice Le Foyer                    
Name:    Brice Le Foyer                    
Title: Director                    

By: /s/ Carlos Quinteros                    
Name:    Carlos Quinteros                        
Title: Managing Director                    

Consent Letter Signature Page

COMPASS BANK, as a Lender
By: /s/ April Chan                    
Name:    April Chan                
Title:     Executive Director                
GOLDMAN SACHS BANK USA, as a Lender
By: /s/ Chris Lam                    
Name:    Chris Lam                
Title:     Authorized Signatory                

ROYAL BANK OF CANADA, as a Lender
By:                     
Name:                    
Title:                     

SIEMENS FINANCIAL SERVICES, as a Lender
By:                     
Name:                    
Title:                     

By:                     
Name:                    
Title:                     

BMO HARRIS BANK, N.A., as a Lender
By: /s/ Terrence McKenna                    
Name:    Terrence McKenna                
Title: Vice President                    

THE BANK OF TOKYO-MITSUBISHI UFJ, as a Lender
By: /s/ John R. Lilly, Jr.                     
Name:    John R. Lilly, Jr.                     
Title: Director                    

Consent Letter Signature Page

Schedule 1
to
Consent Letter

REQUIRED LENDER PERCENTAGE

	
			
	Lender
	Commitment
	Applicable 
Percentage

	Bank of America, N.A.
	$141,750,000.00
	15.75%

	Wells Fargo Bank, National Association
	$123,750,000.00
	13.75%

	JPMorgan Chase Bank, N.A.
	$103,500,000.00
	11.50%

	U.S. Bank National Association
	$ 72,000,000.00
	8.00%

	Deutsche Bank Trust Company Americas
	$ 63,000,000.00
	7.00%

	Natixis 
	$ 54,000,000.00
	6.00%

	PNC Bank, National Association
	$ 54,000,000.00
	6.00%

	Regions Bank
	$ 54,000,000.00
	6.00%

	Royal Bank of Canada
	$ 45,000,000.00
	5.00%

	Barclays Bank PLC
	$ 45,000,000.00
	5.00%

	The Bank of Tokyo-Mitsubishi UFJ
	$ 40,500,000.00
	4.50%

	Compass Bank
	$ 29,250,000.00
	3.25%

	BMO Harris Bank, N.A.
	$ 24,750,000.00
	2.75%

	Goldman Sachs Bank USA
	$ 24,750,000.00
	2.75%

	Siemens Financial Services
	$ 24,750,000.00
	2.75%

	Total
	$900,000,000.00
	100%

SCHEDULE 1, Solo PageExhibit

Exhibit 10.20

TEMPORARY WAIVER UNDER SUPPLY AND OFFTAKE AGREEMENT 
This Waiver to Supply and Offtake Agreement (this “Agreement”) dated as of November 14, 2017 (the “Effective Date”) is among CALUMET SHREVEPORT REFINING, LLC, a Delaware limited liability company (f/k/a Calumet Shreveport Lubricants & Waxes, LLC, as surviving entity of the merger of Calumet Shreveport Fuels, LLC with and into Calumet Shreveport Lubricants & Waxes, LLC) (“Calumet”), and MACQUARIE ENERGY NORTH AMERICA TRADING INC., a Delaware corporation (“Macquarie”). 
INTRODUCTION
A.On June 19, 2017, Macquarie and Calumet entered into the Supply and Offtake Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “SOA”).
B.Pursuant to Article 13 of the SOA, Calumet is required to provide a copy of the Parent’s quarterly report within forty five (45) days after the end of its first three fiscal quarters of each fiscal year.
C.Calumet has communicated to Macquarie it won’t be able to timely provide its quarterly report for the month ending September 2017 which would be due on November 14, 2017.
D.Macquarie has agreed to grant Calumet a temporary waiver of Calumet’s obligation to deliver the quarterly report for the period ending September 2017 as set forth herein.
THEREFORE, in fulfillment of the foregoing, Calumet and Macquarie hereby agree as follows:
Section 1.Definitions; References.  Unless otherwise defined in this Agreement, each term used in this Agreement which is defined in the SOA has the meaning assigned to such term in the SOA. 
Section 2.Waiver.  Calumet hereby acknowledges its obligation pursuant to Section 13.1 of the SOA to deliver the quarterly report by November 14, 2017, and requests a temporary waiver thereof.  Macquarie hereby consents to the temporary waiver of Calumet’s obligation with respect to the quarterly report for the quarter ending September 30, 2017 until December 15, 2017 (“Temporary Waiver”).  The waiver by Macquarie described in this Section 2 is contingent upon the satisfaction of the conditions specified in Section 4 of this Agreement and is limited solely to this Temporary Waiver.  This Temporary Waiver is limited to the extent described herein and shall not be construed to be a consent to or a permanent waiver of Section 13.1 of the SOA or any other terms, provisions, covenants, warranties or agreements contained in the SOA.  Macquarie reserves the right to exercise any rights and remedies available to it in connection with any other present or future Events of Default under the SOA (including any future default or Event of Default under Section 13.1 of the SOA).  The description herein of the Temporary Waiver is based upon the information available to Macquarie on or prior to the date hereof and shall not be deemed to exclude the existence of any Events of Default.  The failure of Macquarie to give notice to Calumet of any such Events of Default is not intended to be and shall not be a waiver thereof.
Section 3.Representations and Warranties.  Calumet represents and warrants to Macquarie that:
(a)after giving effect to the waiver provided for in Section 2 hereof, the representations and warranties set forth in the SOA are true and correct in all material respects as of the date of this Agreement (except to the extent such representations and warranties relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); 
(b)(i) the execution, delivery, and performance of this Agreement are within the corporate power and authority of Calumet and have been duly authorized by appropriate proceedings if so required and (ii) this Agreement constitutes a legal, valid, and binding obligation of Calumet enforceable against Calumet in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally and general principles of equity; and
(c)as of the effectiveness of this Agreement and after giving effect to this Agreement, no Event of Default (other than any Events of Default related to the lease of a certain Tank #4 to Chevron Products Company, of which Calumet has notified Macquarie) has occurred and is continuing.
Section 4.Effectiveness.  This Agreement shall become effective as of the Effective Date, upon the occurrence of all of the following: 
(a)Macquarie shall have received this Agreement, duly executed by all parties hereto, and in form and substance reasonable satisfactory to Macquarie, and

(b)the representations and warranties in this Agreement being true and correct before and after giving effect to this Agreement.
Section 5.Effect on SOA.  The SOA remains in full force and effect as originally executed, and nothing herein (other than the Temporary Waiver) shall act as a waiver of any of Macquarie’s rights under the SOA.  Without limiting the foregoing, any breach of representations, warranties, and covenants under this Agreement may be an Event of Default under the SOA.
Section 6.Choice of Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York.
Section 7.Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original.
 [Signature page follows.]

EXECUTED as of the date first set forth above.

CALUMET SHREVEPORT REFINING, LLC 

By:    Calumet Refining, LLC, its sole member

By:    Calumet Operating, LLC, its sole member

By:    Calumet Specialty Products Partners, L.P., its sole member

By:    Calumet GP, LLC, its general partner

By:/s/ John Krutz                    
Name:    John R. Krutz
Title: Vice President - Finance

.
MACQUARIE ENERGY NORTH AMERICA TRADING INC

By:/s/ Ozzie Pagan    
Name:    Ozzie Pagan                            
Title: Executive Director                            

By: /s/ Joseph Forbes    
Name:    Joseph Forbes                        
Title:Division Director

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