SEC Contract Filing

Filing Date: 2022-11-09

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">EXHIBIT 10.1 PREFERRED UNIT PURCHASE AGREEMENT among Montana Renewables Holdings, LLC, Calumet Specialty Products Partners, L.P., WPGG 14 United Aggregator, L.P., and, solely for the purposes of Section 4.4 and Article IX, Calumet GP, LLC Dated as of August 5, 2022 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 2 Table of Contents Page 1. Purchase and Sale of Units ..................................................................................................5 1.1 Sale and Issuance of Units .......................................................................................5 1.2 Closing; Delivery .....................................................................................................5 1.3 Use of Proceeds........................................................................................................6 1.4 Defined Terms Used in this Agreement...................................................................6 2. Representations and Warranties of the Company ..............................................................15 2.1 Organization, Good Standing, Qualification .........................................................15 2.2 Corporate Power; Authorization ............................................................................15 2.3 No Conflict.............................................................................................................15 2.4 Capitalization .........................................................................................................16 2.5 Subsidiary of the Company ....................................................................................17 2.6 Valid Issuance of Units ..........................................................................................17 2.7 Litigation ................................................................................................................17 2.8 Agreements; Absence of Changes; Material Liabilities ........................................18 2.9 Certain Transactions ..............................................................................................20 2.10 Rights of Registration and Voting Rights ..............................................................21 2.11 Tax Returns and Payments.....................................................................................21 2.12 Permits; Property; Title and Sufficiency of Assets ................................................22 2.13 Compliance with Laws ..........................................................................................24 2.14 Corruption, Sanctions, Export Controls, Money Laundering. ...............................24 2.15 Environmental and Safety Laws ............................................................................25 2.16 Intellectual Property, Data Security and Privacy. ..................................................26 2.17 Employees and Employee Benefit Plans. ..............................................................28 2.18 Insurance ................................................................................................................31 2.19 Material Contracts ..................................................................................................31 2.20 Material Customers; Material Suppliers ................................................................33 2.21 Financial Statements ..............................................................................................34 2.22 No Brokers .............................................................................................................34 2.23 True-Sale; Non-Consolidation ...............................................................................35 3. Representations and Warranties of the Purchaser ..............................................................34 3.1 Authorization .........................................................................................................34 3.2 No Conflicts; Consent ............................................................................................35 3.3 Purchased Entirely for Own Account ....................................................................35 3.4 Legal Proceedings ..................................................................................................35 3.5 No Brokers .............................................................................................................35 4. Covenants ...........................................................................................................................35 4.1 Shared Contracts ....................................................................................................36 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 3 4.2 Wrong Pockets .......................................................................................................36 4.3 Intellectual Property Assignment ...........................................