Item 1.01 Entry into a Material Definitive Agreement.

On December 31, 2021, Montana Renewables, LLC ("MRL"), a wholly owned subsidiary of Calumet Specialty Products Partners, L.P. (the "Partnership"), entered into a Master Lease Agreement (the "Lease Agreement") and an Interim Funding Agreement (the "Funding Agreement") with Stonebriar Commercial Finance LLC ("Stonebriar") for $50.0 million related to financing of certain equipment for the construction of a new renewable hydrogen plant. The Lease Agreement has a ten-year term. The Lease Agreement and Funding Agreement each contain usual and customary representations and warranties.

The foregoing description of the Lease Agreement and the Funding Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Lease Agreement and the Funding Agreement, copies of which are filed as Exhibit 10.1 and 10.2, respectively, to this report and are incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 7.01 Regulation FD Disclosure.

On January 4, 2022, the Partnership issued a press release announcing the consummation of the Sale and Leaseback Transaction. A copy of the press release is included as Exhibit 99.1 hereto and incorporated by reference herein.

The information furnished pursuant to this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

Exhibit No.               Description
  10.1                      Master Lease Agreement  , dated December 31, 2021, by and between
                          Montana Renewables, LLC and Stonebriar Commercial Finance LLC.
  10.2  #                   Interim Funding Agreement  , dated December 31, 2021, by and between
                          Montana Renewables, LLC and Stonebriar Commercial Finance LLC.
  99.1                      Press release date January 4, 2022
104                       Cover Page Interactive Data File- the cover page XBRL tags are embedded
                          within the Inline XBRL document.

# Certain confidential information contained in this agreement has been omitted because it is both (i) not material and (ii) the type of information that the Partnership treats as private or confidential.

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