UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 10, 2014

DELEK US HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
001-32868
(Commission File Number)
52-2319066
(IRS Employer
Identification No.)

7102 Commerce Way
Brentwood, Tennessee
(Address of principal executive offices)

37027
(Zip Code)

Registrant's telephone number, including area code: (615) 771-6701

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 1.01
Entry into a Material Definitive Agreement.

On February 10, 2014, Lion Oil Company ("Lion Oil"), a wholly owned subsidiary of the registrant, Delek US Holdings, Inc. ("Delek US"), completed a transaction (the “Sale”) with Delek Logistics Operating LLC (“Logistics Operating”), a wholly-owned subsidiary of Delek Logistics Partners, LP (“Delek Logistics”), pursuant to which Lion Oil sold to Logistics Operating a refined products terminal, storage tanks and related assets adjacent to Delek US's El Dorado, Arkansas refinery (the "El Dorado Refinery").
El Dorado Throughput and Tankage Agreement
On February 10, 2014, in connection with the Sale, Lion Oil and Logistics Operating, and, for limited purposes, J. Aron & Company, entered into the El Dorado Throughput and Tankage Agreement (the “El Dorado Agreement”). Under the El Dorado Agreement, Logistics Operating will provide Lion Oil access to and use of the terminal and tanks for Lion Oil's receipt and shipment of products to and from the El Dorado Refinery in return for throughput and storage fees based on volume. Under the El Dorado Agreement, during each calendar quarter, Lion Oil is obligated to transport an aggregate volume of at least 11,000 barrels of refined products per day across the rack at a throughput fee of $0.50 per barrel (the “Throughput Fee”). Lion Oil is also subject to a monthly storage fee of approximately $1.3 million for the right to use of the active shell capacity of the tanks. Logistics Operating is obligated to maintain throughput and storage capacity sufficient to meet these minimum requirements. If Lion Oil does not throughput the aggregate amounts equal to the minimum throughputs described above during any calendar quarter, Lion Oil shall pay Logistics Operating a shortfall payment equal to the shortfall amount multiplied by the throughput fee. The initial term of the El Dorado Agreement expires on February 10, 2022 and Lion Oil, at its sole option, may extend the term for two renewal terms of four years each.
The foregoing description of the El Dorado Agreement is not complete and is qualified in its entirety by reference to the El Dorado Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Relationships

Delek US owns a 60.0% limited partnership interest in Delek Logistics and a 96.6% interest in Delek Logistics' general partner, Delek Logistics GP, LLC (“Logistics GP”). Logistics GP owns the entire 2.0% general partner interest and all incentive distribution rights in Delek Logistics. Each of Delek Logistics, Logistics GP, Lion Oil and Logistics Operating are direct or indirect subsidiaries of Delek US. As a result, certain individuals, including officers and directors of Delek US and Logistics GP, serve as officers and/or directors of more than one of such other entities.

Item 2.02.    Results of Operations and Financial Condition.

On February 11, 2014, Delek US announced certain projected financial results for the quarter ended December 31, 2013.  The full text of the press release is furnished as Exhibit 99.1 hereto.

The information in the attached Exhibit is being furnished pursuant to Item 2.02 “Results of Operations and Financial Condition.”  The information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

Item 8.01
Other Events.
As a result of the Sale, certain amendments were made to the Amended and Restated Omnibus Agreement dated July 26, 2013 by and among Delek US and certain of its wholly-owned subsidiaries and Delek Logistics, Logistics GP and certain of Delek Logistics' wholly-owned subsidiaries. The Second Amended and Restated Omnibus Agreement dated February 10, 2014 is filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01
Financial Statements and Exhibits.

(a) Financial statements of businesses acquired.

Not applicable.

(b) Pro Forma Financial Information.





Not applicable.

(c) Shell company transactions.

Not applicable.
(d) Exhibits.
 
10.1

 
  
El Dorado Throughput and Tankage Agreement, executed as of February 10, 2014, between Lion Oil Company and Delek Logistics Operating LLC, and, for limited purposes, J. Aron & Company.
 
 
 
 
10.2

 
  
Second Amended and Restated Omnibus Agreement, dated as of Feburary 10, 2014, among Delek US Holdings, Inc., Lion Oil Company, Delek Marketing & Supply, LP, Delek Refining, Ltd., 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 Logistics Operating, LLC and Delek Logistics GP, LLC
 
 
 
 
99.1

 
 
Press release of Delek US Holdings, Inc. issued on February 10, 2014.








SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 14, 2014
DELEK US HOLDINGS, INC.
 
 
 
By: /s/ Assaf Ginzburg
 
Name: Assaf Ginzburg
 
Title: Executive Vice President / Chief Financial Officer







EXHIBIT INDEX

Exhibit No.      Description


10.1

 
  
El Dorado Throughput and Tankage Agreement, executed as of February 10, 2014, between Lion Oil Company and Delek Logistics Operating LLC, and, for limited purposes, J. Aron & Company.
 
 
 
 
10.2

 
  
Second Amended and Restated Omnibus Agreement, dated as of February 10, 2014, among Delek US Holdings, Inc., Lion Oil Company, Delek Marketing & Supply, LP, Delek Refining, Ltd., 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 Logistics Operating, LLC and Delek Logistics GP, LLC
 
 
 
 
99.1

 
 
Press release of Delek US Holdings, Inc. issued on February 10, 2014.







Exhibit 10.1

THROUGHPUT AND TANKAGE AGREEMENT
(El Dorado Terminal and Tankage)

This Throughput and Tankage Agreement (this “ Agreement ”) is dated as of February 10, 2014 by and between Lion Oil Company, an Arkansas corporation (“ Lion ”), and Delek Logistics Operating, LLC, a Delaware liability company (“ Logistics ”), and, for the limited purposes specified in Section 22 , J. Aron & Company, a New York general partnership (“ J. Aron ”). Each of Lion and Logistics are individually referred to herein as a “ Party ” and collectively as the “ Parties .”
RECITALS:
WHEREAS, pursuant to and subject to the terms of the Supply and Offtake Agreement, J. Aron supplies Crude Oil to Lion to be processed at the Refinery and purchases Products produced by Lion at the Refinery;
WHEREAS, on the Effective Date, Lion transferred to Logistics all of its rights, title and interest in the Tankage and the Terminal;
WHEREAS, in connection with such transfer, (i) the Storage Facilities Agreement is being amended to remove therefrom the assets subject to such transfer and the rights and obligations of the parties thereto related to such assets and (ii) the Parties are entering into this Agreement to provide the rights and obligations of the Parties with respect to such assets; and
WHEREAS, Lion and Logistics desire to record the terms and conditions upon which Lion shall use the Tankage and the Terminal and Logistics shall provide services at the Tankage and the Terminal and serve as bailees of all Products held therein and owned by Lion or its assignee.
NOW, THEREFORE, in consideration of the premises and the respective promises, conditions, terms and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties do hereby agree as follows:
Section 1. Definitions and Construction.
(a)      Definitions . For purposes of this Agreement, including the foregoing recitals, the following terms shall have the meanings indicated below.
Actual Month End Product Volume ” has the meaning specified in Section 10(i)(i) .
Actual Throughput ” means the aggregate volume of Materials that Lion throughputs at the Terminal.
Affiliate ” means, with 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, the Partnership and its subsidiaries), including Lion, on the one hand, and the General Partner, the Partnership and its subsidiaries, including Logistics, on the other hand, shall not be considered Affiliates of each other.
Ancillary Services ” means the following services to be provided by Logistics to Lion: truck receipts (feedstocks, blendstocks and unfinished products), truck rack blending, tank sampling, tank-to-tank transfers, ethanol storage, ethanol blending, generic gasoline additization, lubricity/conductivity additization, product receipt, proprietary additive additization, red dye additization, transmix, coke, slurry and butane loading/unloading (truck) and seasonal flow improver additization or other similar services.
Ancillary Services Fees ” means, for any month during the Term of this Agreement, the fees set forth on Exhibit B to be paid by Lion pursuant to Section 2(c)(ii) during that month for Ancillary Services provided by Logistics.
API ” means the American Petroleum Institute.
Applicable Law ” means any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, order, decree, permit, approval, concession, grant, franchise, license, agreement, requirement, or other governmental restriction or any similar form of decision of, or any provision of condition of any permit, license or other operating authorization 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.
Assumed OPEX ” means $7,400,000.
ASTM ” means American Society for Testing and Materials.
Bankrupt ” means a Person that (i) is dissolved, other than pursuant to a consolidation, amalgamation or merger, (ii) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due, (iii) makes a general assignment, arrangement or composition with or for the benefit of its creditors, (iv) institutes a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditor’s rights, or a petition is presented for its winding-up or liquidation, (v) has a resolution passed for its winding-up, official management or liquidation, other than pursuant to a consolidation, amalgamation or merger, (vi) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for all or substantially all of its assets, (vii) has a secured party take possession of all or substantially all of its assets, or has a distress, execution, attachment,

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sequestration or other legal process levied, enforced or sued on or against all or substantially all of its assets, (viii) files an answer or other pleading admitting or failing to contest the allegations of a petition filed against it in any proceeding of the foregoing nature, (ix) causes or is subject to any event with respect to it which, under Applicable Law, has an analogous effect to any of the foregoing events, (x) has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy under any bankruptcy or insolvency law or other similar law affecting creditors’ rights and such proceeding is not dismissed within 15 consecutive calendar days or (xi) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing events.
barrel ” means 42 U.S. gallons, measured at 60° F.
bpd ” means barrels per day.
Business Day ” means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close in the State of New York.
Capacity Resolution ” has the meaning set forth in Section 10(c) .
Capital Amortization Period ” has the meaning set forth in Section 2(i)(iv) .
Capital Expenditure Notice ” has the meaning set forth in Section 2(i)(iii) .
Capital Improvement ” means (a) any modification, improvement, expansion or increase in the capacity of the Terminal or the Tankage or any portion thereof, or (b) any connection, or new point of receipt or delivery for Materials.
Claimant ” shall have the meaning assigned to such term in Section 21(m) .
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 (i) 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), (ii) is developed by the receiving Party without reliance on any Confidential Information or (iii) 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.
Contract Quarter ” means a three-month period that commences on January 1, April 1, July 1 or October 1, and ends on March 31, June 30, September 30 or December 31 of each calendar

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year, respectively, except that the initial Contract Quarter shall commence on the Effective Date and end on March 31, 2014 and the final Contract Quarter shall end on the last day of the Term.
Contract Year ” means a year that commences on July 1 and ends on the last day of June in the following year, except that the initial Contract Year shall commence on the Effective Date and end on June 30, 2014 and the final Contract Year shall end on the last day of the Term.
Control ” (including with correlative meaning, the term “ controlled by ”) means, as used with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.
CPT ” means the prevailing local time in the Central time zone.
Crude Oil ” means the naturally occurring hydrocarbon mixtures but not including recovered or recycled oils or any cracked materials.
Defaulting Party ” has the meaning specified in Section 18(b) .
Deficiency Notice ” has the meaning set forth in Section 9(a) .
Deficiency Payment ” has the meaning set forth in Section 9(a) .
Delek US ” means Delek US Holdings, Inc., a Delaware corporation.
Designation Period ” has the meaning specified in Section 22(a) .
Dispute ” means any and all disputes, claims, controversies and other matters in question between Logistics, on the one hand, and Lion, on the other hand, under this Agreement.
Effective Date ” means February 10, 2014.
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.
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.

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EPA ” means the United States Environmental Protection Agency.
Estimated Expansion Capital Expenditure ” has the meaning set forth in Section 2(i)(iii) .
Event of Default ” has the meaning specified in Section 18(a) .
Expansion Capital Expenditure ” has the meaning set forth in Section 2(i)(iii) .
Expiration Date ” means the “Expiration Date” as defined in the Supply and Offtake Agreement, or, if later, the date on which all obligations thereunder are finally settled.
First Offer Period ” has the meaning set forth in Section 7 .
Force Majeure ” means acts of God, strikes, lockouts or other industrial disturbances, acts of the public enemy, wars, blockades, insurrections, riots, storms, floods, washouts, arrests, the order of any court or Governmental Authority having jurisdiction while the same is in force and effect, civil disturbances, explosions, breakage, accident to machinery, storage tanks or lines of pipe, inability to obtain or unavoidable delay in obtaining material or equipment, inability to obtain Materials because of a failure of third-party pipelines, and any other causes whether of the kind herein enumerated or otherwise not reasonably within the control of the Party claiming suspension, delay or interruption and which through the exercise of due diligence such Party is unable to prevent or overcome.
Force Majeure Notice ” has the meaning set forth in Section 5(a) .
Force Majeure Party ” has the meaning set forth in Section 5(a) .
Force Majeure Period ” has the meaning set forth in Section 5(a) .
General Partner ” means the general partner of the Partnership.
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.
Group A Minimum Storage Capacity ” means an aggregate usable storage capacity of 1,140,000 barrels for storage of Materials other than Group B Materials and Group C Materials.
Group A Storage Fee ” has the meaning set forth in Section 2(d)(i) .
Group A Tankage ” means the tankage adjacent to the Refinery listed on Exhibit A that is used for storage of Materials other than Group B Materials and Group C Materials.
Group B Materials ” means the Materials listed in Exhibit C .

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Group B Minimum Storage Capacity ” means an aggregate usable storage capacity of 122,000 barrels for storage of Group B Materials.
Group B Storage Fee ” has the meaning set forth in Section 2(d)(i) .
Group B Tankage ” means the tankage adjacent to the Refinery listed on Exhibit A that is used for storage of Group B Materials.
Group C Materials ” means the Materials listed on Exhibit D .
Group C Minimum Storage Capacity ” means an aggregate usable storage capacity of 550,000 barrels for storage of Group C Materials.
Group C Storage Fee ” has the meaning set forth in Section 2(d)(i) .
Group C Tankage ” means the tankage adjacent to the Refinery listed on Exhibit A that is used for storage of Group C Materials.
Inflation Index ” means, at any adjustment date hereunder, the year-over-year change in the PPI.
Initial Term ” has the meaning set forth in Section 6(a) .
Intermediates ” means any hydrocarbons that are unfinished products or that require further processing to be sold as, or blended into, finished products.
J. Aron ” has the meaning specified in the preamble to this Agreement.
J. Aron Materials ” has the meaning specified in Section 22(a) .
Liabilities ” means any Losses, including any Losses directly or indirectly arising out of or related to any suit, proceeding, judgment, settlement or judicial or administrative order and any Losses arising from compliance or non-compliance with Applicable Law.
Lion ” has the meaning specified in the preamble to this Agreement.
Lion Indemnitees ” has the meaning set forth in Section 19(a) .
Logistics ” has the meaning specified in the preamble to this Agreement.
Logistics Indemnitees ” has the meaning set forth in Section 19(b) .
Losses ” means any losses, liabilities, charges, damages, deficiencies, assessments, interests, fines, penalties, costs and expenses of any kind (including reasonable attorneys’ fees and other fees, court costs and other disbursements).
LOTT ” means Lion Oil Trading & Transportation, LLC, a Texas limited liability company.

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Materials ” means any Crude Oil, Intermediates, Products and other hydrocarbons, Group B Materials and/or Group C Materials stored under this Agreement.
Minimum Storage Capacity ” means the Group A Minimum Storage Capacity, the Group B Minimum Storage Capacity and the Group C Minimum Storage Capacity.
Monthly Expansion Capital Amount ” has the meaning set forth in Section 2(i)(iv) .
Minimum Throughput Capacity ” means an aggregate amount of throughput capacity at the Terminal equal to 26,000 bpd multiplied by the number of calendar days in the Contract Quarter.
Minimum Throughput Commitment ” means an aggregate amount of Materials equal to 11,000 bpd multiplied by the number of calendar days in the Contract Quarter.
Non-Defaulting Party ” means the Party other than the Defaulting Party.
Notice Period ” has the meaning set forth in Section 16(b) .
NSV ” means, with respect to any measurement of volume, the total liquid volume, excluding basic sediment and water and free water, corrected for the observed temperature to 60º F.
Omnibus Agreement ” means that certain Second Amended and Restated Omnibus Agreement dated as of February 10, 2014, among Delek US, on behalf of itself and the other Delek Entities (as defined therein), Delek Refining, Ltd., Lion, 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, Logistics and the General Partner, as the same may be amended from time to time.
Open Assets ” has the meaning set forth in Section 2(j) .
OPIS ” has the meaning set forth in Section 3(c) .
Parties ” or “ Party ” has the meaning set forth in the preamble to this Agreement.
“Partnership” means Delek Logistics Partners, LP, a Delaware limited partnership .
Partnership Change of Control ” means any event or change whereby Delek US ceases to Control the General Partner.
Permitted Lien(s) ” means (a)(i) liens on real estate for real estate taxes, assessments, sewer and water charges and/or other governmental charges and levies not yet delinquent and (ii) liens for taxes, assessments, judgments, governmental charges or levies, or claims not yet delinquent or the non-payment of which is being diligently contested in good faith by appropriate proceedings and for which adequate reserves have been set aside; (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; provided, however , that if a reserve or appropriate provision shall

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be required by GAAP, then such reserve or provision shall have been made therefor; (c) liens incurred in the ordinary course of business in connection with worker’s compensation and unemployment insurance or other types of social security benefits; (d) 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; and (e) liens created pursuant to this Agreement.
Person ” means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, Governmental Authority or political subdivision thereof or other entity.
PPI ” means the Producer Price Index—Commodities—Finished Goods, as reported by the U.S. Bureau of Labor Statistics.
Prime Rate ” means the rate of interest quoted in The Wall Street Journal , Money Rates Section as the Prime Rate.
Product ” means any refined petroleum products stored and handled under this Agreement in support of Lion’s operations at the Refinery.
Purchase Agreement ” means the Asset Purchase Agreement (El Dorardo Terminal and Tankage) dated as of February 10, 2014 between Lion, as seller, and Logistics, as buyer.
Receiving Party Personnel ” has the meaning set forth in Section 21(n)(iv) .
Refinery ” means Lion’s Crude Oil refinery in El Dorado, Arkansas.
Renewal Term ” has the meaning set forth in Section 6(a) .
Required Permits ” has the meaning specified in Section 10(f) .
Respondent ” shall have the meaning assigned to such term in Section 21(m) .
Restoration ” has the meaning set forth in Section 10(b) .
Right of First Refusal ” has the meaning set forth in Section 7 .
Services ” has the meaning specified in Section 11(a) .
Shortfall Payment ” has the meaning set forth in Section 2(e)(i) .
Special Damages ” has the meaning set forth in Section 20 .
Storage Facilities Agreement ” means the Storage Facilities Agreement by and among J. Aron, Lion and LOTT, dated as of April 29, 2011, as amended by Amendment No. 1 thereto dated as of November 7, 2012, as from time to time further amended, modified and/or restated, and any replacement thereof.

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Storage Fees ” means the Group A Storage Fee, the Group B Storage Fee and the Group C Storage Fee.
Supplier’s Inspector ” means any Person selected by Lion (or its assignee) to perform any and all inspections required by Lion in a commercially reasonable manner at Lion’s own cost and expense that is acting as an agent for Lion (or its assignee) and that (1) is a Person who performs sampling, quality analysis and quantity determination of the Materials purchased and sold under the Supply and Offtake Agreement and is licensed to do so, (2) is not an Affiliate of any Party and (3) in the commercially reasonable judgment of Lion (or its assignee), is qualified and reputed to perform its services in accordance with Applicable Law and industry practice.
Supply and Offtake Agreement ” means that certain Amended and Restated Supply and Offtake Agreement dated as of December 23, 2013 by and among Lion, LOTT and J. Aron, as from time to time amended, modified and/or restated, and any replacement thereof
Suspension Notice ” has the meaning set forth in Section 16(b) .
Tankage ” means the Group A Tankage, the Group B Tankage and the Group C Tankage.
Term ” has the meaning set forth in Section 6(a) .
Terminal ” means the light products loading rack located adjacent to the Refinery, including the loading, office and shop facilities owned, operated, leased or used pursuant to a contractual right of use by Logistics or its Affiliates, which includes the additive tanks located at the terminal that store Materials and the piping, truck facilities and other facilities related thereto, together with existing and future modifications, improvements or additions.
Termination Notice ” has the meaning set forth in Section 5(b) .
Throughput Fee ” has the meaning set forth in Section 2(c)(i) .
Transaction Agreements ” means, collectively, this Agreement, the Purchase Agreement, the Omnibus Agreement, the Lease and Access Agreement (El Dorado Terminal and Tankage) dated as of February 10, 2014 between Lion and Logistics and the Site Services Agreement (El Dorado Terminal and Tankage Agreement) dated as of February 10, 2014 between Lion and Logistics.
Volume Determination Procedures ” mean Lion’s ordinary month-end procedures for determining the NSV of Materials held in the Tankage, which for each Contract Quarter-end shall be based on manual gauge readings of the Tankage as at the end of such Contract Quarter.
(b)      Construction of Agreement .
(i)      Unless otherwise specified, all references herein are to the Articles, Sections and Exhibits of this Agreement and all Schedules and Exhibits are incorporated herein.
(ii)      All headings herein are intended solely for convenience of reference and shall not affect the meaning or interpretation of the provisions of this Agreement.

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(iii)      Unless expressly provided otherwise, the word “including” as used herein does not limit the preceding words or terms and shall be read to be followed by the words “without limitation” or words having similar import.
(iv)      Unless expressly provided otherwise, all references to days, weeks, months and quarters mean calendar days, weeks, months and quarters, respectively.
(v)      Unless expressly provided otherwise, references herein to “consent” mean the prior written consent of the Party at issue, which shall not be unreasonably withheld, delayed or conditioned.
(vi)      A reference to any Party to this Agreement or another agreement or document includes the Party’s permitted successors and assigns.
(vii)      Unless the contrary clearly appears from the context, for purposes of this Agreement, the singular number includes the plural number and vice versa; and each gender includes the other gender.
(viii)      Except where specifically stated otherwise, any reference to any Applicable Law or agreement shall be a reference to the same as amended, supplemented or reenacted from time to time.
(ix)      The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.
(c)      The Parties acknowledge that they and their counsel have reviewed and revised this Agreement and that no presumption of contract interpretation or construction shall apply to the advantage or disadvantage of the drafter of this Agreement.
Section 2.      Agreement to Use Services Relating to Terminal and Tankage.
The Parties intend to be strictly bound by the terms set forth in this Agreement, which sets forth fees to Logistics to be paid by Lion and requires Logistics to provide certain throughput and storage services to Lion.
(a)      Obligations of Logistics . During the Term and subject to the terms and conditions of this Agreement, Logistics agrees to: (i) own or lease and operate and maintain in accordance with Section 10(b) all assets necessary to handle the Materials from Lion; (ii) provide the services required under this Agreement; and (iii) perform all operations relating to the Terminal and the Tankage that it is required to perform under the Transaction Agreements.
(b)      Minimum Throughput Commitment at the Terminal . During each Contract Quarter during the Term and subject to the terms and conditions of this Agreement, Lion agrees that, commencing on the Effective Date, Lion shall throughput at least the Minimum Throughput Commitment at the Terminal, and Logistics shall make available to Lion dedicated capacity at the Terminal, at all times sufficient to allow Lion to throughput the Minimum Throughput Capacity at

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the Terminal. Allocation of capacity for Materials of different types at the Terminal shall be in accordance with practices as of the Effective Date, or as otherwise may be agreed between the Parties from time to time.
(c)      Throughput Fee at the Terminal .
(i)      The throughput fee initially applicable to throughput at the Terminal shall be $0.50 per barrel (the “ Throughput Fee ”). Subject to Sections 2(e) and Section 2(h) , Lion shall pay Logistics an amount equal to the Throughput Fee multiplied by the Actual Throughput at the Terminal.
(ii)      Logistics shall provide the Ancillary Services to Lion at the Terminal. Lion shall pay the per-barrel Ancillary Services Fees listed on Exhibit B for such services. All fuel additives, dyes, de-icers and other additions requested to be added to the Materials will be provided by Lion at no cost to Logistics.
(iii)      The Throughput Fee shall be adjusted on July 1 of each Contract Year commencing on July 1, 2014, by an amount equal to the increase or decrease, if any, in the Inflation Index; provided, however , that the Throughput Fee shall not be decreased below the initial Throughput Fee provided in this Section 2(c) . If the PPI is no longer published, Logistics and Lion shall negotiate in good faith to agree on a new index that gives comparable protection against inflation and the same method of adjustment for increases or decreases in the new index shall be used to calculate increases or decreases in the Throughput Fee. If Lion and Logistics are unable to agree, a new index will be determined by arbitration in accordance with Section 21(m) and the same method of adjustment for increases in the new index shall be used to calculate increases in the Throughput Fee.
(iv)      During the Term of this Agreement, if new laws or regulations are enacted that require Logistics to make substantial and unanticipated capital expenditures with respect to the Terminal, the Parties will renegotiate the Throughput Fee in good faith in order to compensate Logistics on account of such incremental capital costs. The Parties shall use their commercially reasonable efforts to mitigate the impact of, and comply with, such new laws or regulations. If Lion and Logistics are unable to agree upon a renegotiated Throughput Fee, the renegotiated Throughput Fee will be determined by arbitration in accordance with Section 21(m) .
(d)      Storage Fees for the Tankage .
(i)      Lion shall pay Logistics a fee of $750,000 per month (the “ Group A Storage Fee ”) for dedicated storage capacity in the Group A Tankage. Lion shall pay Logistics a fee of $19,000 per month (the “ Group B Storage Fee ”) for dedicated storage capacity in the Group B Tankage. Lion shall pay Logistics a fee of $530,000 per month (the “ Group C Storage Fee ”) for dedicated storage capacity in the Group C Tankage.

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(ii)      Notwithstanding the foregoing, in the event that the Effective Date is any date other than the first day of a calendar month, then the Storage Fees for the initial contract month shall be prorated based upon the number of days remaining in such month.
(iii)      The Materials storage capacity provided to Lion in the Tankage may be temporarily reduced by Logistics (without any adjustment to the Storage Fees) as a result of repairs and/or maintenance on storage tanks that reduce the storage capacity available in Tankage, so long as the reduced storage capacity will not result in the inability of Logistics to provide the Group A Minimum Storage Capacity, the Group B Minimum Storage Capacity or the Group C Minimum Storage Capacity.
(iv)      The amount of the Storage Fees shall be adjusted on July 1 of each Contract Year commencing on July 1, 2014, by an amount equal to the increase or decrease, if any, in the Inflation Index, provided, however , that the Storage Fees shall not be decreased below the initial Storage Fees provided in this Section 2(d) . If the PPI is no longer published, Lion and Logistics shall negotiate in good faith to agree upon a new index that gives comparable protection against inflation and the same method of adjustment for increases or decreases in the new index shall be used to calculate increases or decreases in the Storage Fees. If Lion and Logistics are unable to agree upon a new index, the new index will be determined by arbitration in accordance with Section 21(m) .
(v)      During the Term of this Agreement, if new laws or regulations are enacted that require Logistics to make substantial and unanticipated capital expenditures with respect to the Tankage, the Parties will renegotiate the Storage Fees in good faith in order to compensate Logistics on account of such incremental capital costs. The Parties shall use their commercially reasonable efforts to mitigate the impact of, and comply with, such new laws or regulations. If Lion and Logistics are unable to agree upon renegotiated Storage Fees, the renegotiated Storage Fees will be determined by arbitration in accordance with Section 21(m) .
(vi)      Allocation of storage capacity for separate Materials in the Tankage shall be in accordance with current practices, or as otherwise may be agreed between the Parties from time to time.
(e)      Shortfalls .
(i)      If, for any Contract Quarter, Actual Throughput is less than the Minimum Throughput Commitment, then Lion shall pay Logistics an amount (a “ Shortfall Payment ”) equal to the difference between (i) the Minimum Throughput Commitment multiplied by the Throughput Fee and (ii) the aggregate Throughput Fees for such Contract Quarter payable under Section 2(c)(i) .
(ii)      The Parties acknowledge and agree that there shall be no carry-over of deficiency volumes with respect to the Minimum Throughput Commitment and the payment by Lion of the Shortfall Payment shall relieve Lion of any obligation to meet such Minimum Throughput Commitment for the relevant Contract Quarter. The Parties further acknowledge

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and agree that there shall not be any carry-over of volumes in excess of the Minimum Throughput Commitment to any subsequent Contract Quarter.
(f)      Operating and Capital Expenses .
(i)      Except as provided in the Omnibus Agreement and Section 2(f)(ii) , during the Term and subject to the terms and conditions of this Agreement, including Section 2(i) , Logistics will bear 100% of all operating and capital expenses incurred in its operation of the Terminal and the Tankage. For avoidance of doubt, such operating expenses shall include all tank inspections (including inspections in compliance with API Standard 653 for Aboveground Storage Tanks) conducted after the Effective Date on the tanks included within the Tankage, including any repairs or tests or consequential remediation that may be required to be made to such Tankage as a result of any discovery made during such inspections.
(ii)      At the end of the first four complete Contract Quarters following the Effective Date, Logistics shall calculate the aggregate operating expenses incurred in the operation of the Terminal and the Tankage during that twelve-month period (provided that such calculation shall not include extraordinary and non-recurring items of expense that are not reasonably expected to recur in future periods during the Term). In the event that such aggregate operating expenses exceed the Assumed OPEX, (A) Lion shall make a one-time positive adjustment to the fees hereunder to Logistics in an amount equal to the excess, if any, of such operating expenses over the Assumed OPEX (without duplication of any other expenses reimbursement hereunder) and (B) the Parties shall increase the Throughput Fee and/or the Storage Fee by an amount necessary to increase the aggregate fees payable hereunder by an amount equal to the excess, if any, of such aggregate operating expenses over the Assumed OPEX for the remainder of the Term. In the event that such aggregate operating expenses are less than the Assumed OPEX, (A) Logistics shall make a one-time negative adjustment to the fees hereunder to Lion in an amount equal to the excess, if any, of the Assumed OPEX over such operating expenses and (B) the Parties shall decrease the Throughput Fee and/or the Storage Fee by an amount necessary to decrease the aggregate fees payable hereunder by an amount equal to the difference between the Assumed OPEX and such actual operating expenses for the remainder of the Term.
(g)      Taxes . Lion will pay all taxes, import duties, license fees and other charges by any Governmental Authority levied on or with respect to the Materials delivered by Lion at the Terminal or the Tankage, including, but not limited to, any state gross receipts and compensating (use) taxes; provided, however , that Lion shall not be liable hereunder for taxes (including ad valorem taxes) assessed against Logistics based on Logistics’ income or ownership of the Terminal and the Tankage. Should any Party be required to pay or collect any taxes, duties, charges and or assessments pursuant to any federal, state, county or municipal law or authority now in effect or hereafter to become effective which are payable by the other Party pursuant to this Section 2(g) , the proper Party shall promptly reimburse the other Party therefor.
(h)      Invoicing and Timing of Payments . Logistics shall invoice Lion monthly (or, in the case of Shortfall Payments, quarterly). Lion will make payments to Logistics on a monthly (or, in the case of Shortfall Payments, quarterly) basis during the Term with respect to services rendered

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by Logistics under this Agreement in the prior month (or, in the case of Shortfall Payments, Contract Quarter) upon the later of (i) 10 days after its receipt of such invoice and (ii) 30 days following the end of the calendar month (or, in the case of Shortfall Payments, Contract Quarter) during which the invoiced services were performed. Any past due payments owed by Lion to Logistics shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Throughput Fees, Storage Fees or Shortfall Payments pursuant to this Section 2 shall be made by wire transfer of immediately available funds to an account designated in writing by Logistics. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.
(i)      Capital Improvements . During the term of this Agreement, Lion shall be entitled to designate Capital Improvements to be made to the Terminal and the Tankage. The following provisions shall set forth the procedures pursuant to which Capital Improvements designated by Lion may be constructed:
(i)      For any Capital Improvement designated by Lion, Lion shall submit a written proposal, including all specifications then available to it, for the proposed Capital Improvement to the Terminal and/or the Tankage, as the case may be.
(ii)      Logistics will review such proposal to determine, in its sole discretion, whether it will consent to proceed with the proposed Capital Improvement.
(iii)      Should Logistics determine to proceed and construct or cause to be constructed the approved Capital Improvement, Logistics will obtain bids from two or more general contractors reasonably acceptable to Lion for the construction of the Capital Improvement. Based upon the bids, Logistics will notify Lion of Logistics’ estimate of the total cost necessary to construct such Capital Improvement (the “ Capital Expenditure Notice ”) (which amount shall include the costs of capital and any other costs necessary to place such Capital Improvement in service) (“ Estimated Expansion Capital Expenditure ”). Within 30 days of the Capital Expenditure Notice, Lion will notify Logistics whether or not Lion agrees to such Estimated Expansion Capital Expenditure. In the event Lion does not agree with such Estimated Expansion Capital Expenditure, the Parties shall work together in good faith to reach agreement on the Estimated Expansion Capital Expenditure (the agreed amount is referred to as the “ Expansion Capital Expenditure ”); provided that, in the event the Parties do not reach such agreement within 60 days of the Capital Expenditure Notice, Lion shall be entitled to proceed with the construction of the Capital Improvement in accordance with Section 2(i)(v) below.
(iv)      Prior to beginning any construction on the Capital Improvement, (1) Logistics shall have received all necessary regulatory approvals, (2) Logistics and Lion shall have agreed on (A) an additional monthly payment amount to be paid by Lion to Logistics (the “ Monthly Expansion Capital Amount ”) which amount (x) shall be payable over a mutually agreed upon term not to exceed the then remaining balance of the Initial Term (or the then current Renewal Term) plus any Renewal Term to which Lion is then committed or shall then commit (the “ Capital Amortization Period ”), and (y) shall be sufficient to provide Logistics the equivalent of a rate of return equal to the Prime Rate plus an additional rate

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of return to be agreed to by the Parties over the Capital Amortization Period on the Expansion Capital Expenditure after taking into account the increased cash flows to Logistics reasonably anticipated to be received by Logistics from Lion (or from a third party pursuant to a direct contractual commitment to Logistics) in connection with such Capital Improvement, or (B) another adjustment to the Throughput Fee or the Storage Fees, as applicable, as the Parties may agree and (3) the Parties shall have agreed on any adjustment to the Minimum Throughput Commitment, the Minimum Throughput Capacity or the Minimum Storage Capacity, as the case may be. The Monthly Expansion Capital Amount, if applicable, shall be billed and paid monthly following the commencement of operations of the Capital Improvement and Lion’s obligation to pay the Monthly Expansion Capital Amount shall survive the termination of this Agreement (other than a termination in connection with a breach of this Agreement by Logistics or a Force Majeure event affecting the ability of Logistics to provide services under this Agreement). In connection with the construction of any Capital Improvement pursuant to this Section 2(i)(iv) , Lion shall be entitled to participate in all stages of planning, scheduling, implementing, and oversight of the construction. Lion shall also be entitled to audit all expenditures incurred in connection with the Capital Improvement in accordance with Section 21(o) . The Parties agree that any Capital Improvement constructed by Logistics pursuant to this Section 2(i)(iv) shall be treated as the separate property of Logistics.
(v)      If for any reason the Capital Improvement shall not be constructed pursuant to Section 2(i)(iv) above, and such Capital Improvement is in accordance with applicable required engineering and regulatory standards, and the Parties agree that the Capital Improvement would not reasonably be expected to have a material adverse impact on the operations or efficiency of the Terminal or the Tankage, taken as a whole, or result in any material additional unreimbursed costs to Logistics, then Lion may proceed with the construction and financing of the Capital Improvement and, upon completion of construction, Lion shall be the owner and operator of such Capital Improvement. The Parties agree that any Capital Improvement constructed by Lion pursuant to this Section 2(i)(v) shall be treated as the separate property of Lion. Logistics shall reasonably cooperate with Lion in ensuring that the Capital Improvement shall operate as intended, including by operating and maintaining all necessary connections to the Terminal and the Tankage, subject to Lion’s reimbursing Logistics on a monthly basis for any incremental expenses arising from operating or maintaining such connections as determined by Logistics in good faith. Lion shall defend, indemnify and hold harmless the Logistics Indemnitees from and against any Liabilities resulting from the construction, ownership and operation by Lion of any Capital Improvement constructed by Lion pursuant to this Section 2(i)(v) .
(vi)      Upon completion of the construction of such Capital Improvement, Logistics or Lion, as applicable, will own such Capital Improvement, and will operate and maintain such Capital Improvement in accordance with Applicable Law and recognized industry standards.
(j)      Marketing of Throughput and Storage Services to Third Parties . During the Term, Logistics may provide throughput services to third parties at the Terminal and storage services to

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third parties in the Tankage, provided that, (i) the provision of such throughput and storage services to third parties is not reasonably likely to negatively impact Lion’s ability to use either the Terminal or the Tankage in accordance with the terms of this Agreement in any material respect, (ii) prior to any third party use of either of the Terminal or the Tankage or the entry into any agreement with respect thereto, Logistics shall have received prior written consent from Lion with respect to such third party usage or the entry into such agreement, as applicable, not to be unreasonably withheld, conditioned or delayed and (iii) to the extent such third-party usage reduces the ability of Logistics to provide the Minimum Throughput Capacity or the applicable Minimum Storage Capacity, the Minimum Throughput Commitment or the Storage Fees, as applicable, shall be proportionately reduced to the extent of the difference between the Minimum Throughput Capacity or the applicable Minimum Storage Capacity and the amount that can be throughput at the Terminal or stored in the Tankage (prorated for the portion of the Contract Quarter during which the Minimum Throughput Capacity or the applicable Minimum Storage Capacity was unavailable). Notwithstanding the foregoing, to the extent Lion is not using any portion of the Terminal or the Tankage (the “ Open Assets ”) during a Force Majeure event set forth in Section 5 or the Notice Period set forth in Section 16 , Logistics may provide throughput and/or storage services to third parties on the Open Assets pursuant to one or more third-party agreements without the consent of Lion, and the Minimum Throughput Commitment and the applicable Storage Fee will be reduced to the extent of such third-party usage as set forth above; provided that such third-party agreements and related services shall terminate following the end of the Force Majeure Period or the restoration of Refinery operations, as applicable.
(k)      Removal of Tank for Service or Inspection . The Parties agree that if they mutually determine to remove a tank included in the Tankage from service or if a tank included in the Tankage is removed from service for inspection in compliance with API Standard 653 for Aboveground Storage Tanks, then Logistics will not be required to utilize, operate or maintain such tank or provide the services required under this Agreement with respect to such tank; provided, however , that any such removal will not reduce the Storage Fees except to the extent that Logistics is unable to provide to Lion the applicable Minimum Storage Capacity.
(l)      Documentation . Logistics shall furnish Lion with the following reports covering services hereunder involving Lion’s Materials:
(i)      Within 10 Business Days following the end of the month, a statement showing, by Material: (A) Lion’s monthly aggregate deliveries into the Terminal and the Tankage; (B) Lion’s monthly receipts from the Terminal and the Tankage; (C) calculation of all Lion’s monthly services fees under this Agreement; (D) Lion’s opening inventory for the preceding month; and (E) Lion’s closing inventory for the preceding month.
(ii)      A copy of any meter calibration report, to be available for inspection upon reasonable request by Lion following any calibration.
(iii)      Upon delivery from the Terminal and the Tankage, a bill of lading to the carrier for each truck delivery. As reasonably requested by Lion, bill of lading information shall be provided to Lion’s accounting group. Upon each truck delivery from the Terminal

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and the Tankage, bill of lading information shall be sent electronically through a mutually agreeable system.
(iv)      Transfer documents for each in-tank transfer.
(v)      Logistics shall be required to maintain the capabilities to support truck load authorization technologies at the Terminal and the Tankage. However, costs incurred by Logistics for replacement of loading systems or software or other upgrades made at the request of Lion shall be recoverable from Lion either as a lump sum payment or through an increase in Throughput Fees.
Section 3.      Custody, Title and Risk of Loss.
(a)      Subject to Section 22 , Lion shall, at all times during the Term, retain exclusive legal title to the Materials stored or throughput by it at the Tankage and the Terminal, and such Materials shall remain Lion’s exclusive property. Lion hereby represents (subject to Section 22 ) that, at all times during the Term, it holds exclusive legal title to the Materials throughput or stored by it at the Tankage and the Terminal, free and clear of any liens, security interests, encumbrances and claims whatsoever, other than (a) Permitted Liens and (b) any liens, security interests, encumbrances and claims with respect to which Lion has entered into an agreement reasonably acceptable to Logistics subordinating such lien, security interest, encumbrance or claim to any applicable rights of Logistics under this Agreement.
(b)      During the time any Materials are held or throughput at the Tankage or the Terminal, Logistics shall be solely responsible for compliance with all Applicable Laws pertaining to the possession, handling, use and processing of such Materials.
(c)      Subject to Section 22 , legal title and risk of loss to all of the Materials stored or throughput by Lion at the Tankage and the Terminal shall remain at all times with Lion. Lion shall, during each month, (i) be entitled to all volumetric gains in the Tankage and the Terminal and (ii) be responsible for all volumetric losses in the Tankage and the Terminal up to a maximum of 0.25%. If volume losses of any Materials exceed 0.25% during any particular month, Logistics shall pay Lion for the difference between the actual loss and the 0.25% allowance at a price per barrel for that Material as reported by the Oil Price Information Service (“ OPIS ”) using the monthly average OPIS unbranded contract rack posting for that Material during the month in which the volume difference was accounted for.
(d)      During the Term, Logistics shall hold all Materials at the Tankage and the Terminal solely as bailee and represents and warrants that when any such Materials are redelivered to Lion, Lion shall have good legal title thereto, free and clear of any liens, security interests, encumbrances and claims of any kind whatsoever created or caused to be created by Logistics. During the Term, none of Logistics or any of its Affiliates shall (and Logistics shall not permit any of its Affiliates or any other Person to) use any such Materials for any purpose. Solely in its capacity as bailee, Logistics shall have custody of the Materials stored or transported under this Agreement from the time such Materials are delivered to Logistics until such time that the Materials pass the outlet

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flange of the Terminal or, if there is no outlet flange, at such time that the Materials are re-delivered to Lion.
Section 4.      Inspection and Access Rights.
(a)      At any reasonable times during normal business hours and upon reasonable prior notice, Lion and its representatives (including one or more Supplier’s Inspectors) shall have the right to enter and exit Logistics’ premises in order to have access to the Tankage and the Terminal for any purpose relating to this Agreement, including to enforce its rights and interests hereunder, to observe the operations of the Tankage and the Terminal and to conduct such inspections as Lion (or its assignee) may wish to have performed in connection with this Agreement, including the right to inspect, gauge, measure, take product samples or take readings at the Tankage and the Terminal on a spot basis; provided that (i) Lion’s personnel shall follow routes and paths designated by Logistics or security personnel employed by Logistics, (ii) Lion’s personnel shall observe all security, fire and safety regulations while, in around or about the Terminal and the Tankage, and (iii) Lion shall be liable for any damage directly caused by the negligence or other tortious conduct of such personnel. Without limiting the generality of the foregoing, Logistics shall regularly grant the Supplier’s Inspector such access from the last day of each month until the third Business Day of the ensuing month. Notwithstanding any of the foregoing, if an Event of Default with respect to Logistics has occurred and is continuing, Lion (or its assignee) and its representatives and agents (including one or more Supplier’s Inspectors) shall have unlimited and unrestricted access to the Terminal as such Event of Default continues.
(b)      When accessing the facilities of Logistics, Lion and its representatives (including one or more Supplier’s Inspectors) shall at all times comply with Applicable Law and such safety directives and guidelines as may be furnished to Lion by Logistics in writing from time to time.
(c)      For all purposes hereunder, any jobbers, distributors, carriers, haulers and other customers designated in writing or otherwise by Lion to have loading privileges under this Agreement or having possession of any loading device furnished to Lion pursuant to this Agreement, together with their respective officers, servants and employees, shall, when they access the Terminal and/or the Tankage, be deemed to be representatives of Lion and subject to the applicable terms of this Agreement, and any such person shall enter into an appropriate access agreement with Logistics with respect to such access.
Section 5.      Force Majeure.
(a)      In the event that either Party is rendered unable, wholly or in part, by a Force Majeure event to perform its obligations under this Agreement, then upon the delivery by such Party (the “ Force Majeure Party ”) of written notice (a “ Force Majeure Notice ”) and full particulars of the Force Majeure event as promptly as practicable after the occurrence of the Force Majeure event relied on, the obligations of the Parties, to the extent they are affected by the Force Majeure event, shall be suspended for the duration of any inability so caused; provided that: (i) prior to the third anniversary of the Effective Date, Lion shall be required to continue to make payments (1) for the Throughput Fees for volumes actually throughput under this Agreement, (2) for the Storage Fees, and (3) for any Shortfall Payments unless, in the case of (2) and (3), the Force Majeure event

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adversely affects Logistics’ ability to perform the services it is required to perform under this Agreement, in which case, as applicable, the Storage Fees shall only be paid (x) if the effect of such Force Majeure event on Logistics does not result in the inability of the Refinery to operate and (y) to the extent Lion utilizes the applicable Tankage for the storage of its Materials during the applicable month, and instead of Shortfall Payments, Throughput Fees shall only be paid as provided under (i)(1) above; and (ii) from and after the third anniversary of the Effective Date, Lion shall be required to continue to make payments (1) for the Throughput Fees for volumes actually delivered under this Agreement and (2) for the Storage Fee to the extent Lion utilizes the applicable Tankage for the storage of its Materials during the applicable month. The Force Majeure Party shall identify in such Force Majeure Notice the approximate length of time that it believes in good faith such Force Majeure event shall continue (the “ Force Majeure Period ”). Lion shall be required to pay any amounts accrued and due under this Agreement at the time of the Force Majeure event. The cause of the Force Majeure event shall so far as possible be remedied with all reasonable dispatch, except that neither Party shall be compelled to resolve any strikes, lockouts or other industrial disputes other than as it shall determine to be in its best interests. Prior to the third anniversary of the Effective Date, any suspension of the obligations of the Parties under this Section 3(a) as a result of a Force Majeure event that adversely affects Logistics’ ability to perform the services it is required to perform under this Agreement shall extend the Term for the same period of time as such Force Majeure event continues (up to a maximum of one year) unless this Agreement is terminated under Section 3(b).
(b)      If the Force Majeure Party advises in any Force Majeure Notice that it reasonably believes in good faith that the Force Majeure Period shall continue for more than 12 consecutive months beyond the third anniversary of the Effective Date, then at any time after the delivery of such Force Majeure Notice, either Party may deliver to the other Party a notice of termination (a “ Termination Notice ”), which Termination Notice shall become effective not earlier than 12 months after the later to occur of (x) the delivery of the Termination Notice and (y) the third anniversary of the Effective Date; provided, however , that such Termination Notice shall be deemed cancelled and of no effect if the Force Majeure Period ends before the Termination Notice becomes effective; provided , further , that if the Termination Notice relates to a Force Majeure event that affects only the Terminal, then if and when such Termination Notice becomes effective, the termination effected thereby shall apply only to the obligations hereunder with respect to the Terminal and shall not apply to the obligations hereunder with respect to the Tankage. Upon the cancellation of any Termination Notice, the Parties’ respective obligations hereunder shall resume as soon as reasonably practicable thereafter, and the Term shall be extended by the same period of time as is required for the Parties to resume such obligations. After the third anniversary of the Effective Date and following delivery of a Termination Notice, Logistics may terminate this Agreement, to the extent affected by the Force Majeure event, upon 60 days prior written notice to Lion in order to enter into an agreement to provide any third party the services provided to Lion under this Agreement; provided, however , that Logistics shall not have the right to terminate this Agreement for so long as Lion continues to make Shortfall Payments.



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Section 6.      Effectiveness and Term.
(a)      The initial term of this Agreement (the “ Initial Term ”) shall commence at 00:00:01 a.m., CPT, on the Effective Date and shall continue until the eighth anniversary of the Effective Date. Thereafter, Lion shall have a unilateral option to extend this Agreement for two additional four-year periods on the same terms and conditions set forth herein (each, a “ Renewal Term ”). The Initial Term and the Renewal Terms are sometimes referred to collectively herein as the “ Term .” In order to exercise its option to extend this Agreement for a Renewal Term, Lion shall notify Logistics in writing not less than 12 months prior to the expiration of the Initial Term or any Renewal Term, as applicable.
(b)      The Parties may terminate this Agreement prior to the end of the Term (but are under no obligation to do so) (i) as they may mutually agree in writing, (ii) pursuant to a Termination Notice under Section 5(b) , (iii) pursuant to a Suspension Notice under Section 16(b) or (iv) pursuant to Section 18(b) .
(c)      Upon expiration or termination of this Agreement, Logistics shall be responsible for removing any remaining Materials of Lion from the Tankage and the Terminal.
(d)      Lion shall, upon expiration or termination of this Agreement, promptly remove any and all of its owned equipment, if any, and restore the Tankage and the Terminal to their condition prior to the installation of such equipment.
Section 7.      Right to Enter into a New Agreement.
In the event that Lion fails to exercise its option to extend this Agreement for any Renewal Term, Logistics shall have the right to negotiate to enter into one or more new throughput and tankage agreements with respect to the Terminal and/or the Tankage with one or more third parties to begin after the date of termination. In such circumstances, Logistics shall give Lion 45 days’ prior written notice of any proposed new throughput and tankage agreement with a third party, including (i) the material terms and conditions thereof (including fee schedules, tariffs and duration) and (ii) a 45-day period (beginning on Lion’s receipt of such written notice) (the “ First Offer Period ”) in which Lion may enter into a new throughput and tankage agreement with Logistics (the “ Right of First Refusal ”). If Lion makes an offer on commercial terms that are no less favorable, taken as a whole, than the proposed third-party offer with respect to such throughput and tankage agreement during the First Offer Period, then Logistics shall be obligated to enter into a throughput and tankage agreement with Lion on the terms set forth in its proposed offer. If Lion does not exercise its Right of First Refusal in the matter set forth above, Logistics may proceed with the negotiation of and entry into the third-party agreement.
Section 8.      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 hand delivery, when delivered; (b) if mailed via the official governmental mail system, five (5) Business Days after mailing, provided that said notice is sent first class, postage pre-paid, via certified or registered

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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 (1) 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 Lion:
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 Logistics:
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.
Section 9.      Deficiency Payments.

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(a)      As soon as practicable following the end of each calendar month under this Agreement, Logistics shall deliver to Lion a written notice (the “ Deficiency Notice ”) detailing any failure of Lion to meet any of its payment obligations under this Agreement. The Deficiency Notice shall (i) specify in reasonable detail the nature of any payment deficiency and (ii) specify the approximate dollar amount that Logistics believes would have been paid by Lion to Logistics if Lion had complied with its payment obligations under this Agreement (the “ Deficiency Payment ”). Lion shall pay the Deficiency Payment to Logistics 10 days after its receipt of the Deficiency Notice.
(b)      If Lion disagrees with the Deficiency Notice, then, promptly following the payment of any undisputed portion of the Deficiency Payment to Logistics, a senior officer of Lion and a senior officer of Logistics shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, and shall negotiate in good faith to attempt to resolve any differences that they may have with respect to matters specified in the Deficiency Notice. If such differences are not resolved within 30 days following the payment of any Deficiency Payment, Lion and Logistics shall, within 45 days following the payment of such Deficiency Payment, submit any and all matters which remain in dispute and which were properly included in the Deficiency Notice to arbitration in accordance with Section 21(m) . During the 60-day period following the receipt of the Deficiency Notice, Lion shall have the right, in accordance with Section 21(o) , to inspect and audit the working papers of Logistics relating to such Deficiency Payment.
(c)      If it is determined by arbitration in accordance with Section 21(m) that Lion was required to make any or all of the disputed portion of the Deficiency Payment, Lion shall promptly pay to Logistics such amount, together with interest thereon from the date provided in the last sentence of Section 9(a) at the Prime Rate, in immediately available funds.
Section 10.      Condition and Maintenance of Tankage and the Terminal.
(a)      Interruption of Service . Logistics shall use reasonable commercial efforts to minimize the interruption of service at the Terminal and the Tankage and shall use its commercially reasonable efforts to minimize the impact of any such interruption on Lion so as to not unnecessarily interfere with any of Lion’s purchase or sale commitments or to otherwise accommodate, to the extent reasonably practicable, other commercial or market considerations that Lion deems relevant. Without limiting the generality of the foregoing, Logistics agrees that it will use reasonable commercial efforts, consistent with good industry standards and practices, to complete (and to cause any third parties to complete) any non-emergency maintenance undertaken by Logistics as promptly as reasonably practicable. Logistics shall inform Lion at least 60 days in advance (or promptly, in the case of an unplanned interruption) of any anticipated partial or complete interruption of service of the Terminal or the Tankage, including relevant information about the nature, extent, cause and expected duration of the interruption and the actions Logistics is taking to resume full operations, provided that Logistics shall not have any liability for any failure to notify, or delay in notifying, Lion of any such matters except to the extent Lion has been materially damaged by such failure or delay. Logistics shall provide Lion with an initial estimate of the period of any non-emergency maintenance and shall regularly update Lion as to the progress of such maintenance. If Logistics

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determines that the expected completion date for maintenance has or is likely to change by 30 days or more, it shall promptly notify Lion of such determination.
(b)      Maintenance and Repair Standards . Subject to interruptions for Force Majeure events pursuant to Section 5 and for routine repair and maintenance consistent with industry standards, Logistics shall maintain (i) the Terminal with sufficient aggregate capacity to throughput a volume of Materials at least equal to the Minimum Throughput Capacity and (ii) the Tankage with a capacity sufficient to store a volume of Materials at least equal to the applicable Minimum Storage Capacity. Recalibration or strapping of the Tankage will be performed from time to time by Logistics upon the reasonable request of Lion or otherwise in accordance with generally accepted industry standards. Logistics’ obligations may be temporarily suspended during the occurrence of, and for the entire duration of, a Force Majeure event or interruptions for routine repair and maintenance consistent with industry standards that prevent Logistics from providing the Minimum Throughput Capacity or storing the applicable Minimum Storage Capacity. To the extent Lion is prevented for 30 or more days in any Contract Year from throughputting volumes equal to the full Minimum Throughput Capacity or storing volumes equal to the applicable Minimum Storage Capacity for reasons of Force Majeure or other interruption of service affecting the facilities or assets of Logistics (including any reduction in available storage capacity pursuant to Section 2(k) ), then, as applicable, (i) Lion’s Minimum Throughput Commitment shall be proportionately reduced to the extent of the difference between the Minimum Throughput Capacity and the amount that Logistics can effectively throughput at the Terminal (prorated for the portion of the Contract Quarter during which the Minimum Throughput Capacity was unavailable), regardless of whether Actual Throughput prior to the reduction was below the Minimum Throughput Commitment, and/or (ii) the Group A Storage Fee shall be reduced by the amount of $0.658, the Group B Storage Fee shall be reduced by the amount of $0.156, and/or the Group C Storage Fee shall be reduced by the amount of $0.964 (which amounts shall be adjusted in accordance with the adjustments to the Storage Fees provided for in Sections 2(d) and (i) above, if applicable, and prorated for the portion of the applicable month during which such storage was unavailable) for each barrel less than the applicable Minimum Storage Capacity that Logistics is unable to store at the Tankage regardless of whether Lion actually used such storage capacity. At such time as Logistics is capable of throughputting volumes equal to the full Minimum Throughput Commitment or storing volumes equal to the applicable Minimum Storage Capacity, as applicable, Lion’s obligation to throughput the full Minimum Throughput Commitment and to pay the full Storage Fees shall be restored. If for any reason, including, without limitation, a Force Majeure event, the throughput of the Terminal or storage capacity of the Tankage should fall below the Minimum Throughput Capacity or the Minimum Storage Capacity, respectively, then with due diligence and dispatch, Logistics shall make repairs to the Terminal and/or the Tankage to restore the capacity of the Terminal to that required for throughput of the Minimum Throughput Commitment and/or Tankage to that required for storing of the applicable Minimum Storage Capacity (“ Restoration ”). Except as provided below in Section 10(c) , all of such Restoration shall be at Logistics’ cost and expense, unless the damage creating the need for such repairs was caused by the negligence or willful misconduct of Lion, its employees, agents or customers.
(c)      Capacity Resolution . In the event of the failure of Logistics to maintain (i) the Terminal with sufficient capacity to throughput the Minimum Throughput Capacity or (ii) the

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Tankage with a capacity sufficient to store a volume of Materials at least equal to the applicable Minimum Storage Capacity, then either Party shall have the right to call a meeting between executives of both Parties by providing at least two Business Days’ advance written notice. Any such meeting shall be held at a mutually agreeable location and attended by executives of both Parties each having sufficient authority to commit his or her respective Party to a Capacity Resolution (hereinafter defined). At the meeting, the Parties will negotiate in good faith with the objective of reaching a joint resolution for the Restoration which will, among other things, specify steps to be taken by Logistics to fully accomplish the Restoration and the deadlines by which the Restoration must be completed (the “ Capacity Resolution ”). Without limiting the generality of the foregoing, the Capacity Resolution shall set forth an agreed upon time schedule for the Restoration activities. Such time schedule shall be reasonable under the circumstances, consistent with applicable industry standards and shall take into consideration Logistic’ economic considerations relating to costs of the repairs and Lion’s requirements concerning its refining and marketing operations. Logistics shall use commercially reasonable efforts to continue to provide throughput and storage of Lion’s Materials, to the extent the Terminal and Tankage have the capability of doing so, during the period before Restoration is completed. In the event that Lion’s economic considerations justify incurring additional costs to complete the Restoration in a more expedited manner than the time schedule determined in accordance with the preceding sentence, Lion may require Logistics to expedite the Restoration to the extent reasonably possible, subject to Lion’s payment, in advance, of the estimated incremental costs to be incurred as a result of the expedited time schedule. In the event the Parties agree to an expedited Restoration plan wherein Lion agrees to fund a portion of the Restoration cost, then neither Party shall have the right to terminate this Agreement pursuant to Section 5(b) above so long as such Restoration is completed with due diligence and dispatch, and Lion shall pay its portion of the Restoration cost to Logistics in advance based on a good faith estimate based on reasonable engineering standards. Upon completion, Lion shall pay the difference between the actual portion of Restoration costs to be paid by Lion pursuant to this Section 10(c) and the estimated amount paid under the preceding sentence within 30 days after receipt of Logistics’ invoice therefor, or, if appropriate, Logistics shall pay Lion the excess of the estimate paid by Lion over Logistics’ actual costs as previously described within 30 days after completion of the Restoration.
(d)      Lion shall not deliver to the Terminal or the Tankage any Materials which: (a) would in any way be injurious to the Terminal or the Tankage; (b) may not be lawfully stored or throughput in such facilities; or (c) would render such facilities unfit for proper storage or handling of similar Materials. Any and all Materials that leave the Terminal or the Tankage shall meet all relevant ASTM, EPA, federal and state specifications, and shall not leave the Terminal or the Tankage in the form of a sub-octane grade product.
(e)      Logistics agrees that the Terminal and all Tankage used to provide services hereunder shall be in a condition generally acceptable within the industry and capable of storing the Materials without contaminating them. Logistics will avoid any contamination of one Material by another or any degradation of the quality of any Material that would impact Lion’s ability to market or sell such Material in a timely fashion. In addition, Logistics will endeavor to ensure that no Materials shall be contaminated with scale or other materials, chemicals, water or any other impurities. In lieu of any obligation to indemnify the Lion Indemnitees pursuant to Section 19(a) with respect to any such contamination, Logistics may, at its sole option, require Lion, at Logistics’ sole expense,

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to reprocess or otherwise treat any such contaminated Materials to restore those Materials to salable condition.
(f)      Subject to Lion’s obligations under the other Transaction Agreements, Logistics shall, at its sole cost and expense, take all actions reasonably necessary or appropriate to obtain, apply for, maintain, monitor, renew, and/or modify as appropriate, any license authorization, certification, filing, recording, permit, waiver, exception, variance, franchise, order or other approval with or of any Governmental Authority pertaining or relating to the operation of the Terminal and the Tankage (the “ Required Permits ”) as presently operated. Logistics shall not do anything in connection with the performance of its obligations under this Agreement that causes a termination or suspension of the Required Permits.
(g)      The execution of this Agreement by the Parties does not confer any obligation or responsibility on Lion in connection with (i) any existing or future environmental condition at the Terminal or the Tankage, including the presence of a regulated or hazardous substance on or in environment media at the Terminal or the Tankage (including the presence in surface water, groundwater, soils or subsurface strata, or air), including the subsequent migration of any such substance; (ii) any Environmental Law; (iii) the Required Permits; or (iv) any requirements arising under or relating to any Applicable Law to the extent pertaining or relating to the operation of the Terminal or the Tankage.
(h)      Notwithstanding anything to the contrary herein, Lion shall have no power or authority under this Agreement to direct the activities of Logistics or to exert control over the operation of the Terminal or the Tankage or any portion thereof.
(i)      Month End Inventory .
(i)      As of 11:59:59 p.m., CPT, on the last day of each month, Logistics shall apply the Volume Determination Procedures to the Terminal and the Tankage, and based thereon shall determine for such month for each Material, the aggregate volume of such Material held in the Terminal and the Tankage at that time (each, an “ Actual Month End Product Volume ”). Logistics shall notify Lion of each Actual Month End Product Volume by no later than 5:00 p.m., CPT, on the fifth Business Day thereafter.
(ii)      At the cost and expense of Lion, Lion may, or may have a Supplier’s Inspector, witness all or any aspects of the Volume Determination Procedures as Lion shall direct. If, in the judgment of Lion or a Supplier’s Inspector, the Volume Determination Procedures have not been applied correctly, then Logistics will cooperate with Lion, or such Supplier’s Inspector, to ensure the correct application of the Volume Determination Procedures, including making such revisions to any Actual Month End Product Volume as may be necessary to correct any such errors.
(j)      Subject to the provisions of Section 2(k) , 10(a) , 10(b) and 10(c) , Logistics will maintain and operate the Terminal and the Tankage in good working order and repair and serviceable condition in accordance with generally accepted industry standards and in compliance with all Applicable Law. Subject to the other Transaction Agreements, Logistics shall have sole

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responsibility for performing all storage and throughput services under this Agreement; provided that, without limiting the foregoing, the parties acknowledge the Lion’s assignee under Section 22 shall have shall have no responsibility hereunder for any operations at the Terminal and the Tankage or for performing storage and throughput services at or related to the Terminal or the Tankage. Without limiting the foregoing, Lion’s assignee pursuant to Section 22 shall not be responsible hereunder for any maintenance and repairs, labor, utilities, pumps, piping, tank conditions, heat and other activities on, at or under the Terminal or the Tankage, or for movements, receipts and deliveries of Materials to, at or from the Terminal or the Tankage. Except as expressly provided in the other Transaction Agreements, neither Lion nor its assignee shall have any responsibility for ensuring that the Terminal and the Tankage have any connections, equipment and capacity required to facilitate the movement of Materials into and out of the Tankage or that the Terminal has all connections, equipment and capacity required to facilitate the movement of Materials between the docks, pipelines or truck loading or discharge facilities and the Tankage. Except as expressly provided in this Agreement or the other Transaction Agreements, any expenses relating to any of the foregoing activities shall be borne exclusively by Logistics. Logistics agrees to provide the required heat or steam to maintain the Materials in a liquid free-flowing or pumpable state at Logistics’ cost. The provisions of this Section 10(i) shall not affect any obligations of Lion under any other Transaction Agreements.
(k)      Additional Documentation . Logistics agrees that it shall provide Lion:
(i)      With a true and complete copy of the policies and procedures that Logistics maintains, as from time to time in effect, with respect to the periodic inspection and cleaning of tanks and pipelines; and
(ii)      On an annual basis, and at such other times as reasonably requested by Lion, evidence in customary form of Logistics’ adherence to (x) the policies and procedures referred to in clause (i) above and (y) API standards for construction, repair, inspection and maintenance of tanks and pipelines.
Section 11.      Throughput and Handling Services
(a)      From time to time during the Term, Logistics shall perform such additional throughput, handling and measuring services as Lion shall reasonably request (collectively, “ Services ”). If any Services are requested by Lion, then the Parties shall negotiate in good faith to determine whether such Services shall be provided and the appropriate rates to be charged for such Services.
(b)      Lion may, in its discretion, provide written instructions relating to specific Services it is requesting or provide standing written instructions relating to ongoing Services. Lion may, at any time on reasonable prior notice, revoke or modify any instruction it has previously given, whether such previous instructions relate to a specific Service or are instructions relating to an ongoing Service or Services. Logistics shall not be required to perform any requested Services that they reasonably believe violates Applicable Law or will materially adversely interfere with, or be detrimental to, the operation of the Terminal, the Tankage or Refinery.

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(c)      Logistics agrees to keep the Terminal and the Tankage open for receipt and redelivery of Lion’s Materials 24 hours a day, seven days a week.
Section 12.      Scheduling and Measurements
(a)      Lion shall provide notice to Logistics prior to each calendar month as to the estimated quantities of Materials that it expects to deliver to the Terminal and the Tankage during that month.
(b)      The volume of Materials received into and redelivered out of the Terminal and the Tankage shall be measured daily by Logistics, using the applicable meter tickets, tank gauges and truck loading meters. Volume measurements shall be made as provided in Article 11 of the Supply and Offtake Agreement. Logistics shall provide Lion with (i) daily reports showing the tank gauges and meter readings for the prior day and (ii) monthly reports reflecting all Materials movements during that month.
(c)      Logistics shall provide Lion with reasonable prior notice of any periodic testing and calibration of any measurement facilities providing measurement of Materials at the Terminal, and Logistics shall permit Lion to observe such testing and calibration. In addition, Logistics shall provide Lion with any documentation regarding the testing and calibration of the measurement facilities.
Section 13.      Additional Covenants
(a)      Logistics hereby:
(i)      agrees that it shall not sell, shall have no interest in and shall not permit the creation of, or suffer to exist, any security interest, lien, encumbrance, charge or other claim of any nature (other than Permitted Liens) with respect to any of the Materials;
(ii)      (x) confirms that it will post at the Terminal and the Tankage such reasonable placards as Lion requests stating that Lion is the owner of specific Materials held at the Terminal and the Tankage and (y) agrees that it will take all actions necessary to maintain such placards in place for the Term;
(iii)      acknowledges and agrees that Lion may file a UCC-1 statement with respect to the Materials stored or throughput at the Terminal and the Tankage, and Logistics shall cooperate with Lion in executing such financing statements as Lion deems necessary or appropriate;
(iv)      agrees that, subject to Section 3(c) , no loss allowances shall be applied to the Materials stored or throughput at the Terminal and the Tankage; and
(v)      agrees that, in the event of any Material spill, leak or discharge or any other environmental pollution caused by or in connection with the use of the Terminal or the Tankage, Logistics shall promptly commence containment or clean-up operations as required by any Governmental Authorities or Applicable Law or as Logistics deems appropriate or

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necessary and shall notify or arrange to notify Lion immediately of any such spill, leak or discharge and of any such operations.
(b)      Lion hereby agrees:
(i)      to replace or repair, at its own expense, any part of the Terminal and the Tankage which may be destroyed or damaged through any negligent or tortious act or omission of Lion, its agents or employees or any Supplier’s Inspector; and
(ii)      except as provided in Section 2(i) , to not make any alteration, additions or improvements to the Terminal or the Tankage or remove any part thereof, without the prior written consent of Logistics, such consent to be at Logistics’ sole discretion.
(c)      Each Party hereby agrees that:
(i)      it shall, in the performance of its obligations under this Agreement, comply in all material respects with Applicable Law;
(ii)      it shall maintain the records required to be maintained by Environmental Law and shall make such records available to the other Parties upon reasonable request;
(iii)      it also shall promptly notify the other Parties of any violation or alleged violation of any Environmental Law relating to any Materials stored under this Agreement and, upon request, shall provide to the other Parties all evidence of environmental inspections or audits by any Governmental Authority with respect to such Materials;
(iv)      all records or documents provided by any Party to any of the other Parties shall, to the best knowledge of such Party, accurately and completely reflect the facts about the activities and transactions to which they relate; and
(v)      it shall promptly notify the other Parties if at any time such Party has reason to believe that any records or documents previously provided to any of the other Parties no longer are accurate or complete.
Section 14.      Representations
(a)      Logistics represents and warrants to Lion that (i) this Agreement, the rights obtained and the duties and obligations assumed by Logistics hereunder, and the execution and performance of this Agreement by Logistics, do not directly or indirectly violate any Applicable Law with respect to Logistics or any of its properties or assets, the terms and provisions of Logistics’ organizational documents or any agreement or instrument to which Logistics or any of its properties or assets are bound or subject; (ii) the execution and delivery of this Agreement by Logistics has been authorized by all necessary limited liability company or other action; (iii) Logistics has the full and complete authority and power to enter into this Agreement and to provide the services hereunder; (iv) no further action on behalf of Logistics, or consents of any other party, are necessary for the provision of services hereunder (except for the consents of any third party holding a mortgage on the Terminal or the Tankage or having another interest therein which Logistics covenants and represents it has

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obtained); and (v) upon execution and delivery by Logistics, this Agreement shall be a valid, binding and subsisting agreement of Logistics enforceable in accordance with its terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application regardless of whether enforcement is sought in a proceeding in equity or at law).
(b)      Lion represents and warrants to Logistics that (i) this Agreement, the rights obtained and the duties and obligations assumed by Lion hereunder, and the execution and performance of this Agreement by Lion, do not directly or indirectly violate any Applicable Law with respect to Lion or any of its property or assets, the terms and provisions of Lion’s organizational documents or any agreement or instrument to which Lion or any of its property or assets are bound or subject; (ii) the execution and delivery of this Agreement by Lion has been authorized by all necessary corporate or other action; (iii) Lion has the full and complete authority and power to enter into this Agreement; (iv) no further action on behalf of Lion, or consents of any other party, are necessary for the provision of services hereunder (except for the consents of any third party holding a mortgage on the Terminal or the Tankage or having another interest therein); and (v) upon execution and delivery by Lion, this Agreement shall be a valid, binding and subsisting agreement of Lion enforceable in accordance with its terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application regardless of whether enforcement is sought in a proceeding in equity or at law).
Section 15.      Insurance.
(a)      Insurance . Logistics shall procure and maintain in full force and effect throughout the Term insurance coverages of the following types and amounts and with insurance companies rated not less than A- by A.M. Best, or otherwise equivalent in respect of Logistics’s properties and operations:
(i)      Property damage coverage on an "all risk" basis in an amount sufficient to cover the market value or potential full replacement cost of all Materials owned by Lion in inventory at the Tankage and the Terminal. In the event that the market value or potential full replacement cost of all such Materials exceeds insurance limits available at commercially reasonable rates in the insurance marketplace, Logistics will maintain the highest insurance limit available at commercially reasonable rates; provided, however, that Logistics will promptly notify Lion of Logistics’ inability to fully insure any such Materials and provide full details of such inability. Such policies shall be endorsed to name Lion as a loss payee with respect to any of Lion’s Materials in the care, custody or control of Logistics. Notwithstanding anything to the contrary herein, Lion, may, at its option and its sole expense, endeavor to procure and provide such property damage coverage for such Materials; provided that, to the extent any such insurance is duplicative with insurance procured by Logistics, the insurance procured by Logistics shall in all cases represent, and be written to be, the primary coverage.
(ii)      Comprehensive or commercial general liability coverage and umbrella or excess liability coverage, which includes bodily injury, broad form property damage and

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contractual liability, products and completed operations liability and "sudden and accidental pollution" liability coverage in the minimum amounts indicated on Schedule A. Such policies shall include Lion as an additional insured with respect to any of Lion’s Materials in the care, custody or control of Logistics.
(b)      Additional Insurance Requirements . The foregoing policies describe shall include an endorsement that the underwriters waive all rights of subrogation against Lion.
(i)      Logistics shall cause its insurance carriers to furnish Lion with insurance certificates, in ACORD form or equivalent, evidencing the existence of the coverages and the endorsements required above. Logistics shall provide 30 days' written notice prior to cancellation of insurance becoming effective. Logistics also shall provide renewal certificates within 30 days before expiration of the policy.
(ii)      The mere purchase and existence of insurance shall not reduce or release either Party from any liability or other obligations incurred or assumed under this Agreement.
(iii)      Logistics shall comply with all notice and reporting requirements in the foregoing policies and timely pay all premiums.
(c)      The provisions of Sections 15(a) and (b) shall terminate on the Expiration Date.
(d)      Lion shall maintain commercially reasonable business interruption insurance for the benefit of the Tankage and the Terminal and the Refinery for so long as the Partnership is a consolidated subsidiary of Delek US. Allocation of such benefits shall be proportionate to the loss in operating margin sustained by Lion and Logistics as a result of the interruption.
(e)      During the Term, each of Logistics and Lion shall at all times carry and maintain, or cause to be carried and maintained, with reputable insurance companies reasonably acceptable to the other Party, commercially reasonable insurance coverages and limits, including, in the case of Lion, workers’ compensation and employer’s liability insurance.
Section 16.      Suspension of Refinery Operations
(a)      Lion shall use reasonable commercial efforts to minimize the interruption of operations at the Refinery. Lion shall inform Logistics at least 60 days in advance (or promptly, in the case of an unplanned interruption) of any anticipated partial or complete interruption of operations of the Refinery, including relevant information about the nature, extent, cause and expected duration of the interruption and the actions Lion is taking to resume full operations, provided that Lion shall not have any liability for any failure to notify, or delay in notifying, Logistics of any such matters except to the extent Logistics has been materially damaged by such failure or delay.
(b)      From and after the second anniversary of the Effective Date, in the event that Lion decides to permanently or indefinitely suspend refining operations at the Refinery for a period that shall continue for at least 12 consecutive months, Lion may provide written notice to Logistics of

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Lion’s intent to terminate this Agreement (the “ Suspension Notice ”). Such Suspension Notice shall be sent at any time (but not prior to the second anniversary of the Effective Date) after Lion has notified Logistics of such suspension and, upon the expiration of the period of 12 months (which may run concurrently with the 12-month period described in the immediately preceding sentence) following the date such notice is sent (the “ Notice Period ”), this Agreement shall terminate. If Lion notifies Logistics, more than two months prior to the expiration of the Notice Period, of its intent to resume operations at the Refinery, then the Suspension Notice shall be deemed revoked and this Agreement shall continue in full force and effect as if such Suspension Notice had never been delivered. Subject to Section 5(a) and Section 16(c) , during the Notice Period, Lion shall remain liable for Deficiency Payments. During the Notice Period, Logistics may terminate this Agreement upon 60 days prior written notice to Lion in order to enter into an agreement to provide any third party the services provided to Lion under this Agreement; provided, however , that Logistics shall not have the right to terminate this Agreement for so long as Lion continues to make Deficiency Payments.
(c)      If refining operations at the Refinery are suspended for any reason (including refinery turnaround operations and other scheduled maintenance), then Lion shall remain liable for Deficiency Payments under this Agreement for the duration of the suspension, unless and until this Agreement is terminated as provided above. Lion shall provide at least 30 days’ prior written notice of any suspension of operations at the Refinery due to a planned turnaround or scheduled maintenance, provided that Lion shall not have any liability for any failure to notify, or delay in notifying, Logistics of any such suspension except to the extent Logistics has been materially damaged by such failure or delay.
(d)      In the event the operations of the Refinery are suspended under this Section 16 or as a result of a Force Majeure event, Logistics shall have the right to provide transportation and storage services to third parties on the terms and conditions set forth in Section 2(i) .
Section 17.      Regulatory Matters
(a)      Each Party shall comply in all material respects with all Applicable Law which directly or indirectly affects the services provided or is associated with its performance hereunder and acknowledges that the other Party is entering into this Agreement in reliance on such compliance. In the event any action or obligation imposed upon a Party under this Agreement shall at any time be in conflict with any requirement of Applicable Law, then this Agreement shall immediately be modified to conform the action or obligation so adversely affected to the requirements of the Applicable Law, and all other provisions of this Agreement shall remain effective.
(b)      If during the Term, any new Applicable Law becomes effective or any existing Applicable Law or its interpretation is materially changed, which change is not addressed by another provision of this Agreement and which has a material adverse economic impact upon a Party, either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement with respect to future performance. The Parties shall then meet to negotiate in good faith amendments to this Agreement that will conform to the new Applicable Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth herein.

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(c)      If during the Term, Logistics is required, under Applicable Law, to file one or more tariffs with any Governmental Authority, in order to provide services under this Agreement, Lion hereby agrees that, if the services to be provided under such tariff or tariffs is provided in conformance with this Agreement, including but not limited to the rates provided hereunder, Lion will not oppose, or assist any other party in opposing, the filing of such tariff or tariffs.
Section 18.      Event of Default; Remedies Upon Event of Default
(a)      Notwithstanding any other provision of this Agreement, the occurrence of any of the following shall constitute an “ Event of Default ”:
(i)      Any Party fails to make payment when due (i) under Section 2(h) or Section 9 within one Business Day after a written demand therefor or (ii) under any other provision hereof within five Business Days; or
(ii)      Other than a default described in Section 18(a)(i) or (iii) , Lion or Logistics fails to perform any material obligation or covenant to the other under this Agreement, which is not cured to the reasonable satisfaction of any other Party within 10 Business Days after the date that such Party receives written notice that such obligation or covenant has not been performed; or
(iii)      Any Party breaches any representation or warranty made or repeated or deemed to have been made or repeated by the Party, or any warranty or representation proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated; provided, however , that if such breach is curable, such breach is not cured to the reasonable satisfaction of the other Party within 10 Business Days after the date that such Party receives notice that corrective action is needed; or
(iv)      Any Party becomes Bankrupt.
(b)      Without limiting any other provision of this Agreement, if an Event of Default with respect to Lion or Logistics (such defaulting Party, the “ Defaulting Party ”) has occurred and is continuing, the Non-Defaulting Party shall have the right, immediately and at any time(s) thereafter, to terminate this Agreement.
(c)      Without limiting any other rights or remedies hereunder, if an Event of Default occurs and Lion is the Non-Defaulting Party, Lion may, in its discretion, (i) reclaim and repossess any and all of its Materials held at the Terminal or the Tankage or elsewhere on Logistics’ premises, and (ii) otherwise arrange for the disposition of any of its Materials in such manner as it elects.
(d)      If an Event of Default occurs, the Non-Defaulting Party may, without limitation on its rights under this Section 18 , set off amounts which the Defaulting Party owes to it against any amounts which it owes to the Defaulting Party under this Agreement (whether or not then due). Any net amount due hereunder shall be payable by the Party owing such amount within one Business Day of termination.

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(e)      The Non-Defaulting Party’s rights under this Section 18 shall be in addition to, and not in limitation of, any other rights which the Non-Defaulting Party may have (whether by agreement, operation of law or otherwise), including any rights of recoupment, setoff, combination of accounts, as a secured party or under any other credit support. The Defaulting Party shall indemnify and hold the Non-Defaulting Party harmless from all Losses incurred in the exercise of any remedies hereunder.
(f)      No delay or failure by the Non-Defaulting Party in exercising any right or remedy to which it may be entitled on account of any Event of Default shall constitute an abandonment of any such right, and the Non-Defaulting Party shall be entitled to exercise such right or remedy at any time during the continuance of an Event of Default.
Section 19.      Indemnification
(a)      Logistics shall defend, indemnify and hold harmless Lion, its Affiliates, and their respective directors, officers, employees, representatives, agents, contractors, successors and permitted assigns (collectively, the “ Lion Indemnitees ”) from and against any Liabilities directly or indirectly arising out of (i) any breach by Logistics of any covenant or agreement contained herein or made in connection herewith or any representation or warranty of Logistics made herein or in connection herewith proving to be false or misleading, (ii)  any failure by Logistics, its Affiliates or any of their respective employees, representatives, agents or contractors to comply with or observe any Applicable Law, or (iii) injury, disease, or death of any Person or damage to or loss of any property, fine or penalty, any of which is caused by Logistics, its Affiliates or any of their respective employees, representatives, agents or contractors in the exercise of any of the rights granted hereunder or the handling, storage, transportation or disposal of any Materials hereunder, except to the extent that such injury, disease, death, or damage to or loss of property was caused by the gross negligence or willful misconduct on the part of the Lion Indemnitees, their Affiliates or any of their respective employees, representatives, agents or contractors; provided, however , that any Liabilities for environmental matters with respect to API 653 Tanks (as defined in the Omnibus Agreement) or the subject of Section 3.1(a)(vi) of the Omnibus Agreement shall not be included in the indemnity provided in this Section 19(a) . Notwithstanding the foregoing, Logistics’ liability to the Lion Indemnitees pursuant to this Section 19(a) shall be net of any insurance proceeds actually received by the Lion Indemnitees or any of their respective Affiliates from any third Person with respect to or on account of the damage or injury which is the subject of the indemnification claim. Lion agrees that it shall, and shall cause the other Lion Indemnitees to, (i) use all commercially reasonable efforts to pursue the collection of all insurance proceeds to which any of the Lion Indemnitees are entitled with respect to or on account of any such damage or injury, (ii) notify Logistics of all potential claims against any third Person for any such insurance proceeds, and (iii) keep Logistics fully informed of the efforts of the Lion Indemnitees in pursuing collection of such insurance proceeds.
(b)      Lion shall defend, indemnify and hold harmless Logistics, its Affiliates, and their respective directors, officers, employees, representatives, agents, contractors, successors and permitted assigns (collectively, the “ Logistics Indemnitees ”) from and against any Liabilities directly or indirectly arising out of (i) any breach by Lion of any covenant or agreement contained

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herein or made in connection herewith or any representation or warranty of Lion made herein or in connection herewith proving to be false or misleading, (ii) any failure by Lion, its Affiliates or any of their respective employees, representatives, agents or contractors to comply with or observe any Applicable Law, or (iii) injury, disease, or death of any person or damage to or loss of any property, fine or penalty, any of which is caused by Lion, its Affiliates or any of their respective employees, representatives, agents or contractors in the exercise of any of the rights granted hereunder or the handling, storage, transportation or disposal of any Materials hereunder, except to the extent that such injury, disease, death, or damage to or loss of property was caused by the gross negligence or willful misconduct on the part of the Logistics Indemnitees, their Affiliates or any of their respective employees, representatives, agents or contractors; provided, however , that any Liabilities for environmental matters with respect to API 653 Tanks (as defined in the Omnibus Agreement) or the subject of Section 3.1(a)(vi) of the Omnibus Agreement shall not be included in the indemnity provided in this Section 19(b) . Notwithstanding the foregoing, Lion’s liability to the Logistics Indemnitees pursuant to this Section 19(b) shall be net of any insurance proceeds actually received by the Logistics Indemnitees or any of their respective Affiliates from any third Person with respect to or on account of the damage or injury which is the subject of the indemnification claim. Logistics agrees that it shall, and shall cause the other Logistics Indemnitees to, (i) use all commercially reasonable efforts to pursue the collection of all insurance proceeds to which any of the Logistics Indemnitees are entitled with respect to or on account of any such damage or injury, (ii) notify Lion of all potential claims against any third Person for any such insurance proceeds, and (iii) keep Lion fully informed of the efforts of the Logistics Indemnitees in pursuing collection of such insurance proceeds.
(c)      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 (EXCLUDING, IN THE CASE OF SECTION 19(a)(iii) AND SECTION 19(b)(iii) , GROSS NEGLIGENCE OR WILLFUL MISCONDUCT).
(d)      The Transaction Agreements contain additional indemnity provisions. The indemnities contained in this Section 19 are in addition to and not in lieu of the indemnity provisions contained in the Transaction Agreements. Any indemnification obligation of Lion to the Logistics Indemnitees on the one hand, or Logistics to the Lion Indemnitees on the other hand, pursuant to this Section 19 shall be reduced by an amount equal to any indemnification recovery by such Indemnitees pursuant to the other Transaction Agreements to the extent that such other indemnification recovery arises out of the same event or circumstance giving rise to the indemnification obligation of Lion or Logistics, respectively, hereunder.
Section 20.      Limitation on Damages
Notwithstanding anything to the contrary contained herein, neither Party shall be liable or responsible to the other Party or such other Party’s affiliated Persons for any consequential, punitive,

- 34 -


special, incidental or exemplary damages, or for loss of profits or revenues (collectively referred to as “ Special Damages ”) incurred by such Party or its affiliated Persons that arise out of or relate to this Agreement, regardless of whether any such claim arises under or results from contract, tort, or strict liability; provided that the foregoing limitation is not intended and shall not affect Special Damages imposed in favor of unaffiliated Persons that are not Parties to this Agreement.
Section 21.      Miscellaneous
(a)      No Waiver; Cumulative Remedies .
(i)      The failure of a Party hereunder to assert a right or enforce an obligation of any of the other Parties shall not be deemed a waiver of such right or obligation. The waiver by any Party of a breach of any provision of, or Event of Default under, this Agreement shall not operate or be construed as a waiver of any other breach of that provision or as a waiver of any breach of another provision of, Event of Default or potential Event of Default under, this Agreement, whether of a like kind or different nature.
(ii)      Unless otherwise specified herein, each and every right granted to the Parties under this Agreement or allowed it by law or equity, shall be cumulative and may be exercised from time to time in accordance with the terms thereof and Applicable Law.
(b)      Nature of Transaction and Relationship of Parties .
(i)      This Agreement shall not be construed as creating a partnership, association or joint venture among the Parties. It is understood that Logistics is an independent contractor with complete charge of its employees and agents in the performance of its duties hereunder, and nothing herein shall be construed to make Logistics, or any employee or agent of Logistics, an agent or employee of Lion.
(ii)      No Party shall have the right or authority to negotiate, conclude or execute any contract or legal document with any third person; to assume, create, or incur any liability of any kind, express or implied, against or in the name of any of the other Parties; or to otherwise act as the representative of any of the other Parties, unless expressly authorized in writing by such other Party.
(c)      Entire Agreement . This Agreement constitutes the entire agreement between the Parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings of the Parties in connection therewith.
(d)      Successors and Assigns .
(i)      Except as provided in Section 22 , Lion shall not assign its rights or obligations hereunder without Logistics’ prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however , that (1) Lion may assign this Agreement without Logistics’ consent in connection with a sale by Lion of all or substantially all of the Refinery, including by merger, equity sale, asset sale or otherwise, so long as the

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transferee: (A) agrees to assume all of Lion’s obligations under this Agreement and (B) is financially and operationally capable of fulfilling the terms of this Agreement, which determination shall be made by Lion in its reasonable judgment; and (2) Lion shall be permitted to make a collateral assignment of this Agreement solely to secure financing for Delek US and its Affiliates.
(ii)      Logistics shall not assign its rights or obligations under this Agreement without the prior written consent of Lion, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however , that (1) Logistics may assign this Agreement without such consent in connection with a sale by Logistics of all or substantially all of the Terminal and Tankage, including by merger, equity sale, asset sale or otherwise, so long as the transferee: (A) agrees to assume all of Logistics’ obligations under this Agreement; (B) is financially and operationally capable of fulfilling the terms of this Agreement, which determination shall be made by Logistics in its reasonable judgment; and (C) is not a competitor of Lion, as determined by Lion in good faith; and (2) Logistics shall be permitted to make a collateral assignment of this Agreement solely to secure financing for the Partnership and its Affiliates.
(iii)      Any assignment that is not undertaken in accordance with the provisions set forth above shall be null and void ab initio . A Party making any assignment shall promptly notify the other Party of such assignment, regardless of whether consent is required.
(iv)      This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns.
(v)      The Parties’ obligations hereunder shall not terminate in connection with a Partnership Change of Control; provided, however , that in the case of a Partnership Change of Control, Lion shall have the option to extend the Term of this Agreement as provided in Section 6 , without regard to the notice periods provided in the fourth sentence of Section 6(a) . Logistics shall provide Lion with notice of any Partnership Change of Control at least 60 days prior to the effective date thereof.
(e)      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.
(f)      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.

- 36 -


(g)      No Inducement . No promise, representation or inducement has been made by any of the Parties that is not embodied in this Agreement, and none of the Parties shall be bound by or liable for any alleged representation, promise or inducement not so set forth.
(h)      Time of the Essence . Time is of the essence with respect to all aspects of each Party’s performance of any obligations under this Agreement.
(i)      No Third Party Beneficiaries . It is expressly understood that the provisions of this Agreement do not impart enforceable rights in anyone who is not a Party or successor or permitted assignee of a Party other than J. Aron’s rights under Section 22 .
(j)      Choice of 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.
(k)      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 appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all such transactions.
(l)      Survival . All audit rights, payment, confidentiality and indemnification obligations and obligations under this Agreement shall survive the expiration or termination of this Agreement.
(m)      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 21(m ) and the Commercial Arbitration Rules or the Federal Arbitration Act, the terms of this Section 21(m) 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 Lion, Logistics or any of their Affiliates and (ii) have not less than seven years of experience in the energy

- 37 -


industry. The hearing will be conducted in Houston, Texas and commence within 30 days after the selection of the third arbitrator. Lion, Logistics 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.
(n)      Confidentiality .
(i)      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 21(n) . 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.
(ii)      Required Disclosure . Notwithstanding Section 21(n)(i) 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.
(iii)      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 21(n) , and such archived or back-up Confidential Information shall not be accessed except as required by Applicable Law.
(iv)      Receiving Party Personnel . The receiving Party will limit access to the Confidential Information of the disclosing Party to those of its employees, attorneys and

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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.
(v)      Survival . The obligation of confidentiality under this Section 21(n) shall survive the termination of this Agreement for a period of two years.
(o)      Audit and Inspection . During the Term, Lion and its duly authorized agents and/or representatives, upon reasonable notice and during normal working hours, shall have access to the accounting records and other documents maintained by Logistics, or any of Logistics’ contractors and agents, which relate to this Agreement, and shall have the right to audit such records at any reasonable time or times during the Term of this Agreement and for a period of up to two years after termination of this Agreement. Claims as to shortage in quantity or defects in quality shall be made by written notice within 30 days after the delivery in question or shall be deemed to have been waived. The right to inspect or audit such records shall survive termination of this Agreement for a period of two years following the end of the Term. Logistics shall preserve, and shall cause all contractors or agents to preserve, all of the aforesaid documents for a period of at least two years from the end of the Term.
Section 22.      J. Aron.
(a)      Designated Assignment . For a period from and including the Effective Date to the Expiration Date (the “ Designation Period ”), Lion hereby assigns to J. Aron all of Lion’s rights to use, hold Materials in, and transport Materials through, the Tankage and the Terminal pursuant to this Agreement, subject to additional terms and conditions of this Section 22 . During the Designation Period, Logistics shall note in their records and account separately for J. Aron’s ownership of Materials held in or transported through the Tankage and the Terminal (collectively, the “ J. Aron Materials ”) until such time as J. Aron shall notify Logistics in writing that ownership in such J. Aron Materials has been transferred from J. Aron to Lion, it being the intention that Logistics shall not be required to recognize any other transfers of ownership of any J. Aron Materials (other than transfers from J. Aron to Lion) unless such transfer and recognition are agreed to in writing by Logistics in its reasonable discretion. Lion shall act as J. Aron’s sole agent for all purposes of this Agreement, and Logistics shall be entitled to follow Lion’s instructions with respect to any J. Aron Materials that are transported, stored or handled by Logistics pursuant to this Agreement unless and until Logistics is notified by J. Aron in writing that Lion is no longer authorized to act as J. Aron’s agent, in which case Logistics’ shall thereafter follow the instructions of J. Aron (or such other agent as J. Aron may appoint) with respect to all J. Aron Materials that are transported, stored or handled

- 39 -


by Logistics pursuant to this Agreement. All volumes shipped by J. Aron will be taken into account in the determination of whether Lion has satisfied its Minimum Throughput Commitment.
(b)      Measurements; Inventory Reports; Notices . Lion and J. Aron shall each have the rights provided for in this Agreement for so long as any J. Aron Materials are located in the Tankage or the Terminal. During any Designation Period, Logistics shall send all inventory and other reports, all other documentation described in or required to be delivered pursuant to this Agreement and all notices delivered pursuant to this Agreement to J. Aron at the address provided below, with copies to Lion: J. Aron & Company, 200 West Street, New York, New York 10282-2198, Attention: Commodity Operations/Energy Logistics, ficc-jaron-oilops@gs.com.
(c)      All Provisions in Effect . During any Designation Period, all provisions of this Agreement, as amended or adjusted by this Section 22 , shall be in full force and effect with respect to J. Aron and the J. Aron Materials as if J. Aron were Party hereto in place of Lion, subject however to the following:
(i)      J. Aron’s sole payment obligation hereunder shall be to pay any amounts from time to time due under (i) Sections 2(c) , 2(d) , and 2(h) with respect to services actually rendered hereunder by Logistics with respect to the J. Aron Materials and (ii) Section 19 with respect to Liabilities directly or indirectly arising out of the activities of J. Aron under this Agreement; provided that if, at any time, J. Aron elects for any reason to make any payment to Logistics in respect of any amount owing by Lion to Logistics hereunder, such payment shall not constitute, and shall not be deemed to result in, the assumption by J. Aron of any payment or other obligations of Lion under this Agreement;
(ii)      in no event shall J. Aron have any responsibility for the operations or maintenance of the Tankage and the Terminal or the handling of any Materials held in or transported through the Tankage and the Terminal or otherwise be deemed to have assumed any non-monetary obligations of Lion for such operations, maintenance or handling under this Agreement, all of which responsibilities and obligations shall remain exclusively responsibilities and obligations of Logistics and Lion, subject to any allocation of such responsibilities and obligations between such parties in accordance with the terms of this Agreement;
(iii)      Lion shall remain solely liable for, and J. Aron shall have no liability or obligation for, (1) meeting any Minimum Throughput Commitment under Section 2(b) , (2) any Shortfall Payments under Section 2(e) , (3) any amounts payable under Section 2(h)  (other than Throughput Fees for Actual Throughput of J. Aron Materials to the extent due under Section 2(c) ), (4) any Deficiency Payments under Section 9 (other than with respect to Throughput Fees for Actual Throughput of J. Aron Materials to the extent due under Section 2(c) ), or (5) any payment obligations in connection with a Capacity Resolution under Section 10(c) , and Logistics shall invoice Lion directly for such amounts or obligations;
(iv)      without limiting the foregoing, the following rights and benefits will run in favor of J. Aron: (i) any rights with respect to custody and title to the J. Aron Materials

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subject to this Agreement, (ii) any obligations of Logistics with respect to the condition and maintenance of Tankage and the Terminal, (iii) any inspection and access rights and (iv) any rights relating to measurements and volume determinations, in all cases regardless of whether any specific provision in this Agreements makes any reference to Lion’s assignee or the assignability of the right or benefit provided for in such provision;
(v)      during the Designation Period, J. Aron and its successors and assigns shall be included as additional insured parties and loss payees with respect to the Materials under all insurance policies required to be maintained by Logistics under Section 15 and endorsements confirming the foregoing shall be provided to J. Aron from time to time prior to the expiration or termination of the Designation Period upon J. Aron’s reasonable request;
(vi)      during the Designation Period, Lion shall not agree to any waivers or consents hereunder, or amendments or modifications hereto, in each case, that would reasonably be expected to materially adversely affect J. Aron’s rights hereunder, without the prior express written agreement or consent of J. Aron; and
(vii)      to confirm its ownership of and rights with respect to all Materials in the Tankage and the Terminal, Logistics and Lion agree that during the Designation Period (1) J. Aron is authorized and entitled to file, and maintain against each of such parties protective UCC filings (including making such amendments thereto as J. Aron deems necessary) showing J. Aron as owner of all J. Aron Materials from time to time located in the Tankage and the Terminal and (2) they shall execute such other documents and instruments (in form and substance reasonably satisfactory to J. Aron) and take such further actions as J. Aron may reasonably request, including the execution and filing in the relevant real estate records of memoranda of access or similar documents.
(d)      J. Aron shall reasonably cooperate with Logistics and Lion in good faith in connection with any its inspection and audit rights hereunder and the resolution of any disputes between Logistics and Lion hereunder.
(e)      Nothing herein shall limit or be deemed to limit any obligations or liabilities of Lion to J. Aron under the Supply and Offtake Agreement or the other Transaction Documents or any rights or remedies of J. Aron thereunder or pursuant to any other agreement between J. Aron and another Party (as defined therein).
(f)      J. Aron may, without any other party’s consent, assign and delegate all of J. Aron’s rights and obligations under this Section 22 to (i) any Affiliate of J. Aron, provided that the obligations of such Affiliate hereunder are guaranteed by The Goldman Sachs Group, Inc. or (ii) any non-Affiliate Person that succeeds to all or substantially all of its assets and business and assumes J. Aron’s obligations hereunder, whether by contract, operation of law or otherwise, provided that the creditworthiness of such successor entity is equal or superior to the creditworthiness of J. Aron (taking into account any credit support for J. Aron) immediately prior to such assignment, which determination shall be made by J. Aron in good faith. Any other assignment by J. Aron shall require the consent of Lion and Logistics.

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(g)      The provisions of this Section 22 shall terminate and have no further force or effect as of the end of the Designation Period. Notwithstanding anything in this Agreement to the contrary, J. Aron shall have no right to terminate this Agreement for any reason.
[ Remainder of page intentionally left blank. Signature page follows. ]


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IN WITNESS WHEREOF, the undersigned Parties have executed this Agreement as of the date first written above.
LION OIL COMPANY



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



By:     /s/ Kent B. Thomas    
Name: Kent B. Thomas
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


For the limited purposes specified in Section 22.

J. ARON & COMPANY



By:     /s/ Simon Collier    
Name: Simon Collier
Title: Authorized Signatory



[Signature Page to Throughput and Tankage Agreement (El Dorado Terminal and Tankage)]


Exhibit A
Tankage
See attached.

Exhibit A
Tankage
(All values are in Bbls)
 
 
 
 
 
 
 
Group
Tank
Area
Shell Capacity
Description
A
T007
LOT
18145.17
T007 Tank - Sour Water Storage
A
T019
#4,#8&#11
2290.94
T019 Tank - Charging Stock Storage
A
T036
PH
4390.6
T036 Tank - Alkylate Rundown Tank
A
T054
PH
15086.64
T054 Tank - LCO Feed to DHT
A
T059
PH
9068.54
T059 Tank - Charging Stock Rundown Tank
A
T061
PH
20127.6
T061 Tank - Gasoline Blend
A
T062
PH
20140.8
T062 Tank - Platformate Rundown Tank
A
T063
PH
8486.4
T063 Tank - Crude Oil Slop
A
T064
PH
9463.19
T064 Tank - Platformate Rundown Tank
A
T065
PH
10113.6
T065 Tank - Gasoline Blend
A
T066
PH
14584.03
T066 Tank - Purchased LSR Storage
A
T067
PH
14584.03
T067 Tank - Isomate Rundown Tank
A
T082
PH
20081.38
T082 Tank - CBO Storage Tank
A
T084
PH
10109.6
T084 Tank - Charging Stock - # 7 Unit
A
T085
PH
8366.59
T085 Tank - Alkylate Rundown Tank
A
T088
PH
20121.6
T088 Tank - Cracked Gasoline Rundown Tk
A
T089
PH
20121.6
T089 Tank - Cracked Gasoline Rundown Tk
A
T098
AP
1005.53
T098 Tank - DAGO Flux
A
T103
PH
54941.59
T103 Tank-Naphtha Storage
A
T108
PH
48373.44
T108 Tank - Kerosene/Diesel Feed to DHT
A
T109
PH
55367.2
T109 Tank - Slop Product Feed to DHT
A
T113
PH
60307.42
T113 Tank - FCC Naphtha Slop Tank
A
T114
PH
55332.73
T114 Tank - Charging Stock Storage
A
T115
PH
55328.97
T115 Tank - Charging Stock Storage
A
T120
PH
76742.54
T120 Tank - Ultra Low Sulfur Diesel Tank
A
T121
PH
79649.85
T121 Tank - Ultra Low Sulfur Diesel Tank
A
T122
PH
77846.18
T122 Tank - Ultra Low Sulfur Diesel Tank
A
T123
PH
79722.49
T123 Tank - ULSD/ Gasoline
A
T124
PH
53787.39
T124 Tank - Gasoline Blend Tank
A
T126
PH
54504.81
T126- Truck Rack 93 Octane Gas
A
T128
PH
80298.71
T128 Tank - Gasoline Blend Tank
A
T146
PH
711.62
T146 Tank - Propane (Middle)
A
T147
PH
713.05
T147 Tank - Propane (South)
A
T148
PH
714.19
T148 Tank - Propylene (South)
A
T149
PH
2570.92
T149 Tank - Iso-Butane Storage/Charge

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A
T155
PH
524.58
T155 Tank - N-Butane Storage Tank
A
T167
AP
1332.8
T167 Tank - Asphalt Storage Tank
A
T168
AP
1332.8
T168 Tank - ASBA
A
T184
PH
955.73
T184 Tank - N-Butane Storage Tank (N)
A
T185
PH
1784.65
T185 Tank - N-Butane Storage Tank (S)
A
T186
PH
706.6
T186 Tank - N-Butane Storage Tank
A
T187
PH
817.167
T187 Tank - Propane (North)
A
T189
PH
713.61
T189 Tank - Propylene
A
T191
PH
150386.36
T191 Tank - Ashpalt Storage
A
T194
#5 & #14
604.5
T194 Tank - Isobutane Yield Storage
A
T195
#5 & #14
604.5
T195 Tank - Isobutane Storage
A
T196
#5 & #14
604.5
T196 Tank - Isobutane Storage
A
T197
#5 & #14
524.52
T197 Tank - Propane/Propylene Slop Stor
A
T217
#7,#10&#12
73
T217 Tank - Compressor Lube Oil
A
T241
#5 & #14
2795.95
T241 Tank - No 12 Flushing Oil Storage
A
T242
#5 & #14
2795.95
T242 Tank - No 12 Flushing Oil Storage
A
T243
#5 & #14
3265.24
T243 Tank - Light Cycle Oil Slop Storage
A
T245
#5 & #14
3135.3
T245 Tank - Purchased Naphtha Storage
A
T246
#5 & #14
3135.3
T246 Tank - Purchased Naphtha Storage
A
T247
#5 & #14
5140.7
T247 Tank - HCN Hydrotreater Spare Fd
A
T262
PH
5040.55
T262 Tank - Purchased Kerosene Storage
A
T263
PH
5040.55
T263 Tank - Purchased Diesel
A
T264
PH
5039.58
T264 Tank - Purchased Diesel
A
T265
PH
5039.58
T265 Tank - Purchased Diesel
A
T268
LOT
462.79
T268 Tank - Untreated LSR
A
T269
LOT
462.79
T269 Tank - Untreated LSR Tank
A
T271
PH
9230.5
T271 Tank - Kerosene/Diesel Slop Tank
A
T272
PH
1010.61
T272 Tank - Black Oil
A
T273
PH
1010.61
T273 Tank - Black Oil
A
T274
PH
1010.61
T274 Tank - 500 Vis Lube
A
T282
WWTP
2719.37
T282 Tank - Slop Oil Tank (S)
A
T283
WWTP
2719.37
T283 Tank - Slop Oil Tank (N)
A
T353
AP
1412.7
T353 Tank - MC-250 Storage Tank
A
T356
AP
285.16
T356 Tank - Solvent Storage
A
T357
AP
107.43
T357 Tank - 105% Phospholeum Storage
A
T360
#5 & #14
15091.6
T360 Tank - Unifiner Feed Stock
A
T361
#5 & #14
15094.93
T361 Tank - Unifiner Feed Stock
A
T362
#5 & #14
598.3
T362 Tank - Propylene Storage
A
T363
#5 & #14
595.39
T363 Tank - Butane Splitter Chg Storage
A
T364
#5 & #14
1007.24
T364 Tank - Isobutane Storage
A
T365
#5 & #14
1007.24
T365 Tank - Isobutane Storage
A
T366
#5 & #14
697
T366 Tank - #11 Solvent Charge Tank
A
T367
#5 & #14
5117.19
 
A
T368
#5 & #14
10106.68
T368 Tank - Charging Stock- #12 Unit
A
T371
#5 & #14
10098.9
T371 Tank - Sweet Naphtha Feed #9 Unit
A
T372
#5 & #14
10108.5
T372 Tank - HCN Hydrotreater Fd Tk

A-1


A
T531
PH
13368
T531- B100 Storage Tank
A
T532
PH
31786.04
T532-Truck Rack Ethanol
A
T536
#5 & #14
15130.91
T536 Tank - LSR Hydrotreater Feed
A
T540
Trucking
241.71
 
A
T552
Trucking
241.71
 
A
T554
PMA
107.72
T554 Tank - PMA-Let Down Facility ES1531
A
T571
AP
142.05
T571 Tank - ES-1531 Storage Tank
A
T051
PH
11956.94
T051 Tank - LCO/Kerosene/Diesel Tank
A
T198
#5 & #14
519.5
T198 Tank - Propylene Storage
A
T240
#5 & #14
3030.67
T240 Tank - Naphtha/Platformate Slop
A
T244
#5 & #14
2060.28
T244 Tank - Light Cycle Oil Slop Storage
 
 
 
 
 
B
T004
LOT
5130.6
T004 Tank - Alkylate Rundown Tank
B
T009
LOT
1283.51
T009 Tank - Caustic Blending
B
T042
#4,#8&#11
765.5
T042 Tank - DAGO Storage
B
T043
#4,#8&#11
572.75
T043 Tank - Asphalt Blending Oil
B
T053
LOT
7866.3
T053 Tank - Plant Caustic
B
T140
LOT
992.02
T140 Tank - Fresh Acid
B
T141
LOT
996.49
T141 Tank - Fresh Acid
B
T142
LOT
2015.66
T142 Tank - Spent Acid
B
T143
LOT
2015.66
T143 Tank - Spent Acid
B
T144
LOT
125.34
T144 Tank - Caustic
B
T180
PMA
301.14
T180 Tank - Polyol Storage
B
T188
PH
5033.07
T188 Tank - Spt Caustic/Sodium Hydrosulf
B
T199
AP
1892.6
T199 Tank - Purchased 300-360 Naphtha
B
T275
WWTP
1723
T275 Tk S. Waste Water Coll Tk (E)
B
T276
WWTP
1734
T276 Tank S. Waste Water Coll Tk (W)
B
T277
WWTP
4418
T277 Tank N. Waste Water Coll Tk (E)
B
T278
WWTP
4424
T278 Tank N. Waste Water Coll Tk (W)
B
T279
WWTP
42893.71
T279 Tank Waste Water Storage Tk (E)
B
T280
WWTP
42893.71
T280 Tank Waste Water Storage Tk (W)
B
T373
LOT
1008.1
T373 Tank - Caustic Blending
B
T374
#7,#10&#12
342.74
 
B
T393
WWTP
143.189
T393 Tank- Caustic Stor. FiberglassWWTP
B
T394
WWTP
286.21
T394 Tank - Sulfuric Acid Storage Tk
B
T432
LOT
2030.74
T432 Tank - Spent Caustic
B
T449
WWTP
241
 
B
T541
LOT
5036
T541Tank - Raw Wtr Storage
B
T542
LOT
5036
T542 Tank - Raw Wtr Storage
B
T543
LOT
5036
T543 Tank - Treated Wtr Storage
B
T545
WWTP
23367.03
T545 Tank - Equalization Tk (E)
B
T546
WWTP
23367.03
T546 Tank - Equalization Tk (W)
B
T547
PH
290.24
T547 Tank - Sour H2O Tk
 
 
 
 
 
C
T023
AP
1999.7
T023 Tank - Winter Grade Colay Storage
C
T024
PMA
3447.8
T024 Tank - PMA Storage

- 2 -


C
T039
#4,#8&#11
5116.7
T039 Tank - Asphalt Blend Tank
C
T040
#4,#8&#11
3684.9
T040 Tank - Asphalt Blend Tank
C
T041
#4,#8&#11
3802.37
T041 Tank - Asphalt Blend Tank
C
T076
#4,#8&#11
36397.84
T076 Tank - Flux Slop Storage
C
T078
AP
5171.2
T078 Tank - Shingle Adhesive Storage
C
T101
AP
54990.8
T101 Tank - Paving Asphalt
C
T102
#4,#8&#11
55332.49
T102 Tank - Flux Charge Tk- #11 Unit
C
T104
#4,#8&#11
55322.84
T104 Tank - PG 64-22 Storage
C
T105
#4,#8&#11
64025.44
T105 Tank - Flux Storage
C
T112
PMA
151130
T112 Tank - Ashpalt Storage
C
T219
AP
55956.49
T219 Tank - PG64-22 Storage Tank
C
T348
AP
5264.45
T348 Tank - Hard Asphalt Storage Tank
C
T349
AP
5288.26
T349 Tank - RC250/RC800 Storage Tank
C
T350
AP
1412.7
T350 Tank - Lion Prime Storage Tank
C
T351
AP
1412.7
T351 Tank - Lion Prime Storage Tank
C
T352
AP
1412.7
T352 Tank - MC-30 Storage Tank
C
T354
AP
1391
T354 Tank - Coating Asphalt Storage
C
T355
AP
1006.1
T355 Tank - Asba Storage Tank
C
T382
PMA
5214.53
T382 Tank - PG 76-22 Storage
C
T383
PMA
5192.02
T383 Tank - PG 76-22 Storage
C
T384
PMA
3149.72
T384 Tank - PMA Storage
C
T385
PMA
3065.13
T385 Tank - PMA Storage
C
T386
PMA
3063.79
T386 Tank - PMA Storage
C
T387
PMA
3065.25
T387 Tank - PMA Storage
C
T544
AP
5295.45
T544 Tank - Asphalt Storage Tank
C
T548
PMA
100328
T548 Tank - PG64-22 Storage Tank
C
T553
PMA
1521.75
T553 Tank - PMA Mix Tk
C
T107
AP
55291.28
T107 Tank - Paving Asphalt
C
T110
AP
55747.56
T110 Tank - Paving Asphalt
C
T175
AP
4815.73
T175 Tank - PG 64-22 Asphalt Storage
 
 
 
 
 
D
T119
PH
30000
T119 Tank - Truck Rack Diesel
D
T125
PH
55089.48
T125 Tank - Truck Rack 84 Octane Gas
D
T549
PH
143.24
T549 Tank - Lion Gasoline IVD Additive





- 3 -



Exhibit B
Ancillary Services Fees
Ancillary Services and Ancillary Services Fees as agreed upon by the Parties from time to time.



B-1



Exhibit C
Group B Materials
Water Collection
Boiler Feed Water
Fresh Caustic
Fresh Sulfuric Acid
Slop Oil/Water
Spent Caustic
Spent Sulfuric Acid
Waste Water
Water/WWTP Eq Tk
WWTP (backwash)
Other similar materials



C-1



Exhibit D
Group C Materials
140/160 PEN Asphalt
250/300 VIS Flux
ASPHALT 1531
Asphalt Paving
Fuel Oil 1761
PG 64-22
PG 70-22
PG 76-22
Slop Asphalt
VTB Blend
VTB Heavy


D-1
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
2
Definitions
2
7
2 .1
Restricted Activities
7
Permitted Exceptions
7
Procedures
8
Scope of Prohibition
10
Enforcement
10
10
Environmental Indemnification
10
Right of Way Indemnification
12
Additional Indemnification
12
Indemnification Procedures
13
Limitations Regarding Indemnification
14
15
General
15
16
Reimbursement of Operating, Maintenance Capital and Other Expenditures
16
17
Right of First Offer to Purchase Certain Assets retained by Delek Entities
17
Procedures
18
A rticle VII RIGHT OF FIRST REFUSAL
20
Delek US Right of First Refusal
20
Procedures for Transfer of ROFR Asset
21
Procedures for Use of ROFR Capacity
23
25
Grant of License
25
Ownership and Quality
26
Termination
26
26
Choice of Law; Submission to Jurisdiction
26
Notice
26
Entire Agreement
27
Termination of Agreement
27
Amendment or Modification
27
Assignment
28
Counterparts
28
Severability
28
Further Assurances
28

i


Rights of Limited Partners
28
Amendment and Restatement
28
Amendment of Schedules
28
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

2


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.
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.

3


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.
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).

4


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.
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).

5


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.
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).

6


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 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

7


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 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,

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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

10


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

12


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

14


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,

15


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

18


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

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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

24


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.

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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

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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

27


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

28


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

29


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).


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

30



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
T084
2019
PH




Tank
Next
Inspection
Area
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
T245
TBD
#5 & #14




Tank
Next
Inspection
Area
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
T244
N/A
#5 & #14




Tank
Next
Inspection
Area
 
 
 
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
T348
TBD
AP




Tank
Next
Inspection
Area
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:



Exhibit 99.1
Delek US Holdings Provides Operational Update & Announces Drop Down of Logistics Assets

Additional Logistics Value Unlocked with Second Drop Down
El Dorado Turnaround Nearing Completion, Restart Underway; Crude Flexibility Enhanced
Preliminary Fourth Quarter 2013 Results Provided

BRENTWOOD, Tenn., February 11, 2014 (BUSINESS WIRE) – Dele k US Holdings Inc. (NYSE: DK) (“Delek US”) announced the following updates related to its El Dorado, Arkansas refinery and its fourth quarter 2013 results.

Additional Logistics Value Unlocked

On February 10, 2014, Delek US completed its second drop down of logistics assets to Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) with the sale of certain storage tanks and the products terminal located at the El Dorado refinery for $95.9 million in cash. The storage tanks have approximately 2.5 million barrels of aggregate shell capacity and consist of 158 tanks and ancillary assets, including piping and pumps. The products terminal operated at an approximate average throughput of 12,500 barrels per day during the nine months ended September 30, 2013, and has an estimated capacity of 26,700 barrels per day.

In connection with the closing of the transaction, Delek US and Delek Logistics entered into, among other agreements, a throughput and tankage agreement for the terminal assets, storage tanks and related assets. Performance of Delek Logistics Partners, LP is reported in the logistics segment of Delek US and amounts payable by Delek US under the throughput and tankage agreement are eliminated in the consolidation of Delek US’ results.

El Dorado Refinery Turnaround Nearing Completion; Restart Underway

The El Dorado refinery turnaround, which began on January 4, 2014, is nearing completion and the restart process is underway. The refinery will increase throughput rates over the next two weeks as it becomes fully operational. While turnaround work was underway, customer demand was met by a combination of product inventory on-hand and from products transferred from Delek US’ Tyler, Texas refinery. During the turnaround, the pre-flash tower project to increase light crude capability by 10,000 barrels per day was completed. Also, the fluid catalytic cracking reactor was replaced with state of the art technology. These projects are expected to improve operating efficiencies and crude flexibility at the refinery, and should allow it to achieve crude throughput of 80,000 barrels per day using a light crude slate or heavier medium-sour crude slate depending on refined product and crude oil pricing.

Fourth Quarter 2013 Update

Delek US expects to report a net loss after tax in the range of $4.0 to $7.0 million, or $0.07 to $0.12 per basic share, for the fourth quarter 2013. During the quarter, the Company’s performance was negatively affected by special items of approximately $5.0 million to $8.0 million on an after tax basis, or $0.08 to $0.13 per diluted share. These items primarily consist of increased professional fees related to refinancing efforts and acquisition-related costs, non-cash executive compensation expense, a loss on disposal of an asset and turnaround activity. In preparation for the January 2014 turnaround at the El Dorado refinery, sales volume was reduced in the fourth quarter in order to increase inventory to support customer demand, while turnaround work was being conducted at the refinery.

Higher depreciation expense, as compared to the average during the first nine months of 2013, reduced results by $2.0 million to $3.0 million on an after tax basis. Finally, results were negatively affected by a higher than expected tax rate that increased tax expense by $3.0 million to $6.0 million in the quarter, and resulted in an effective annual tax rate, adjusted for minority interest, that is higher than previous guidance of 36.5 percent for the year ended December 31, 2013. Excluding these items, net income would be in a range of $6.0 million to $10.0 million, or $0.10 to $0.17 per diluted share, for the fourth quarter 2013.

The following table reconciles the expected fourth quarter net loss to the expected adjusted net income based on the factors discussed above.

Reconciliation of Adjusted Fourth Quarter After-Tax Results
 
 
Estimated range of reported net income (loss)
($4.0 million to $7.0 million)
Plus Expenses, net of tax:
 
Special items
$5.0 million to $8.0 million
Higher depreciation
$2.0 million to $3.0 million
Higher income tax expense
$3.0 million to $6.0 million
Range of adjusted net income (loss)
$6.0 million to $10.0 million
 
 
Range of adjusted earnings per diluted share
$0.10 to $0.17

Delek US Holdings intends to issue a press release summarizing fourth quarter and full year 2013 results after the U.S. stock market closes on Wednesday, February 26, 2014. A conference call to discuss fourth quarter and full year 2013 results is scheduled to begin at 10:00 a.m. CT (11:00 a.m. ET) on Thursday, February 27, 2014. A live broadcast of the conference call will be available online by going to www.DelekUS.com and clicking on the investor relations tab.

About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics and convenience store retailing. The refining segment consists of refineries operated in Tyler, Texas and El Dorado, Arkansas with a combined nameplate production capacity of 140,000 barrels per day. Delek US Holdings, Inc. and its affiliates own approximately 62 percent (including the 2 percent general partner interest) of Delek Logistics Partners, LP. Delek Logistics Partners, LP (NYSE: DKL) is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets. The retail segment markets fuel and merchandise through a network of approximately 362 company-operated convenience store locations operated under the MAPCO Express®, MAPCO Mart®, East Coast®, Fast Food and Fuel™, Favorite Markets®, Delta Express® and Discount Food Mart™ brand names.

Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects and opportunities and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws.

Investors are cautioned that the following important factors, among others, may affect these forward-looking statements. These factors include but are not limited to: risks and uncertainties with respect to the quantities and costs of crude oil we are able to obtain and the price of the refined petroleum products we ultimately sell; losses from derivative instruments; management's ability to execute its strategy of growth through acquisitions and the transactional risks associated with acquisitions; our competitive position and the effects of competition; the projected growth of the industries in which we operate; changes in the scope, costs, and/or timing of capital and maintenance projects; general economic and business conditions, particularly levels of spending relating to travel and tourism or conditions affecting the southeastern United States; and other risks contained in our filings with the United States Securities and Exchange Commission.
 
Forward-looking statements should not be read as a guarantee of future performance or results and will not be accurate indications of the times at, or by which such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Delek US undertakes no obligation to update or revise any such forward-looking statements.

U.S. Investor / Media Relations Contact:
Keith Johnson
Vice President of Investor Relations         
615-435-1366
or
Chris Hodges
Founder & CEO
Alpha IR Group
312-445-2870