EXHIBIT 10.3

OMNIBUS AMENDMENT
This Omnibus Amendment (this “Amendment”), dated as of September 12, 2016, to
(a) that certain Second Lien Security Agreement (as amended, restated, modified
or supplemented from time to time, the “Security Agreement”), dated as of
December 15, 2015, from California Resources Corporation, a Delaware corporation
(the “Company”) and each other Grantor party thereto in favor of The Bank of New
York Mellon Trust Company, N.A., as collateral trustee (in such capacity,
together with its successors and assigns, the “Collateral Trustee”), (b) that
certain Second Lien Pledge Agreement (as amended, restated, modified or
supplemented from time to time, the “Pledge Agreement”), dated as of December
15, 2015, from the Company and each of the subsidiary pledgors from time to time
party thereto in favor of the Collateral Trustee and (c) that certain Collateral
Trust Agreement, dated as of December 15, 2015 (as amended, restated, modified
or supplemented from time to time, the “Collateral Trust Agreement”), among the
Company, the guarantors from time to time party thereto, the Collateral Trustee,
as trustee and collateral trustee, and the other parity lien representatives
from time to time party thereto.
RECITALS
A.    The Company, the guarantors party thereto and the Collateral Trustee have
entered into that certain Indenture dated as of December 15, 2015 (as
supplemented by the Guarantor Supplemental Indentures, dated as of March 4,
2016, and as further amended, restated, modified or supplemented from time to
time, the “Indenture”).
B.    The Company has requested certain amendments to the Security Agreement,
Pledge Agreement and Collateral Trust Agreement to ensure the Holders have a
second priority Lien on the Collateral.
C.    The Collateral Trustee is willing to agree to such amendments, subject to
the terms and conditions set forth herein.
NOW, THEREFORE, to induce the Collateral Trustee to enter into this Amendment
and in consideration of the premises and the mutual covenants herein contained,
for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:
Section 1.    Definitions. Unless otherwise defined in this Amendment, each
capitalized term used in this Amendment has the meaning assigned to such term in
the Indenture or Collateral Trust Agreement.

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Section 2.    Amendments to Agreements. Section 1.3 of the Security Agreement,
Section 1.04 of the Pledge Agreement and Section 1.1 of the Collateral Trust
Agreement are hereby amended by adding the following definition in the
appropriate alphabetical order:
“Excluded Property” means (a) all Excluded Stock; (b) any property to the extent
the grant or maintenance of a Lien on such property (i) is prohibited by
applicable law, (ii) could reasonably be expected to result in material adverse
tax consequences to the Company or any Subsidiary of the Company, (iii) requires
a consent not obtained of any Governmental Authority pursuant to applicable law
or (iv) is prohibited by, or constitutes a breach or default under or results in
the termination of or requires any consent not obtained under, any contract,
license, agreement, instrument or other document evidencing or giving rise to
such property, except to the extent that such term in such contract, license,
agreement, instrument or other document or similar agreement providing for such
prohibition, breach, default or termination or requiring such consent is
ineffective under applicable law (including, without limitation, pursuant to
Section 9- 406, 9-407, 9-408 or 9-409 of the New York Uniform Commercial Code);
(c) motor vehicles and other assets subject to certificates of title; (d) trust
accounts, payroll accounts, zero balance accounts and escrow accounts, in each
case for so long as they remain such type of account; and (e) any property as to
which the administrative agent under the Priority Lien Credit Agreement and the
Company agree in writing, pursuant to the Priority Lien Credit Agreement, that
the costs of obtaining a security interest in, or Lien on, such property, or
perfection thereof, are excessive in relation to the value to the holders of
Priority Lien Debt of the security interest afforded thereby.
Section 3.    Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

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Section 4.    Miscellaneous.
4.1     (a) On and after the effectiveness of this Amendment, each reference in
(i) the Security Agreement to “this Agreement”, “hereunder”, “hereof” or words
of like import referring to the Security Agreement, and each reference in each
other Note Document to “the Security Agreement”, “thereunder”, “thereof” or
words of like import referring to the Security Agreement, shall mean and be a
reference to the Security Agreement as amended or otherwise modified by this
Amendment; (ii) the Pledge Agreement to “this Agreement”, “hereunder”, “hereof”
or words of like import referring to the Pledge Agreement, and each reference in
each other Note Document to “the Pledge Agreement”, “thereunder”, “thereof” or
words of like import referring to the Pledge Agreement, shall mean and be a
reference to the Pledge Agreement as amended or otherwise modified by this
Amendment; and (iii) the Collateral Trust Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Collateral Trust
Agreement, and each reference in each other Note Document to “the Collateral
Trust Agreement”, “thereunder”, “thereof” or words of like import referring to
the Collateral Trust Agreement, shall mean and be a reference to the Collateral
Trust Agreement as amended or otherwise modified by this Amendment; (b) the
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any default of the Company or
any right, power or remedy of the Collateral Trustee under any of the Note
Documents, nor constitute a waiver of any provision of any of the Note
Documents; (c) this Amendment may be executed in any number of counterparts, all
of which taken together shall constitute one and the same instrument and any of
the parties hereto may execute this Agreement by signing any such counterpart;
and (d) delivery of an executed counterpart of a signature page to this
Amendment by telecopier or electronic mail shall be effective as delivery of a
manually executed counterpart of this Amendment.
4.2    Neither the execution by the Collateral Trustee of this Amendment, nor
any other act or omission by the Collateral Trustee or its officers in
connection herewith, shall be deemed a waiver by the Collateral Trustee of any
defaults which may exist or which may occur in the future under the Indenture
and/or the other Note Documents, or any future defaults of the same provision
waived hereunder (collectively “Violations”). Similarly, nothing contained in
this Amendment shall directly or indirectly in any way whatsoever either: (a)
impair, prejudice or otherwise adversely affect the Collateral Trustee’s right
at any time to exercise any right, privilege or remedy in connection with the
Note Documents with respect to any Violations; (b) except for the amendments set
forth herein, amend or alter any provision of the Indenture, the other Note
Documents, or any other contract or instrument; or (c) constitute any course of
dealing or other basis for altering any obligation of the Company or any right,
privilege or remedy of the Collateral Trustee under the Indenture, the other
Note Documents, or any other contract or instrument. Nothing in this letter
shall be construed to be a consent by the Collateral Trustee to any Violations.
The recitals contained herein shall be taken as the statements of the Company
and each Guarantor, and the Collateral Trustee assumes no responsibility for the
correctness of the same. The Collateral Trustee makes no representation as to
the validity or sufficiency of this Amendment.

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4.3    The Company and each Guarantor hereby (a) acknowledges the terms of this
Amendment; (b) ratifies and affirms its obligations under, and acknowledges,
renews and extends its continued liability under, each Note Document to which it
is a party and agrees that each Note Document to which it is a party remains in
full force and effect, except as expressly amended or modified hereby; and (c)
represents and warrants to the Collateral Trustee that as of the date hereof,
after giving effect to the terms of this Amendment: (i) all of the
representations and warranties contained in each Note Document to which it is a
party are true and correct in all material respects (unless already qualified by
materiality in which case such applicable representation and warranty shall be
true and correct), except to the extent any such representations and warranties
are expressly limited to an earlier date, in which case, such representations
and warranties shall continue to be true and correct in all material respects
(unless already qualified by materiality in which case such applicable
representation and warranty shall be true and correct) as of such specified
earlier date, and (ii) no Default or Event of Default has occurred and is
continuing.
4.4    This Amendment is a Note Document as defined and described in the
Indenture and all of the terms and provisions of the Indenture relating to Note
Documents shall apply hereto.
4.5    THE INDENTURE AND THE OTHER NOTE DOCUMENTS, INCLUDING THIS AMENDMENT,
EMBODY THE ENTIRE AGREEMENT AND UNDERSTANDING BETWEEN THE PARTIES AND SUPERSEDE
ALL OTHER AGREEMENTS AND UNDERSTANDINGS BETWEEN SUCH PARTIES RELATING TO THE
SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their officers thereunto duly authorized as of the date first above written.
COMPANY:
CALIFORNIA RESOURCES CORPORATION
 
By:
/s/ Marshall D. Smith
 
Name:
Marshall D. Smith
 
Title:
Senior Executive Vice President and Chief Financial Officer

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GUARANTORS:
CALIFORNIA HEAVY OIL, INC.
CALIFORNIA RESOURCES LONG BEACH, INC.
CALIFORNIA RESOURCES PETROLEUM CORPORATION
CALIFORNIA RESOURCES PRODUCTION CORPORATION
CALIFORNIA RESOURCES TIDELANDS, INC.
SOUTHERN SAN JOAQUIN PRODUCTION, INC.
THUMS LONG BEACH COMPANY
 
 
 
By:
/s/ Marshall D. Smith
 
Name:
Marshall D. Smith
 
Title:
Senior Executive Vice President and Chief Financial Officer

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CALIFORNIA RESOURCES ELK HILLS, LLC
CRC CONSTRUCTION SERVICES, LLC
CRC SERVICES, LLC
SOCAL HOLDING, LLC
 
 
 
By:
/s/ Marshall D. Smith
 
Name:
Marshall D. Smith
 
Title:
Senior Executive Vice President and Chief Financial Officer of California
Resources Corporation, its Sole Member

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CALIFORNIA RESOURCES WILMINGTON , LLC
 
 
 
By:
/s/ Marshall D. Smith
 
Name:
Marshall D. Smith
 
Title:
Senior Executive Vice President and Chief Financial Officer of California
Resources Corporation, its Sole Member

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CRC MARKETING, INC.
 
 
 
By:
/s/ D. Adam Smith
 
Name:
D. Adam Smith
 
Title:
Assistant Secretary

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ELK HILLS POWER, LLC
 
 
 
 
By:
/s/ Ivan Gaydarov
 
Name:
Ivan Gaydarov
 
Title:
Treasurer of California Resources Corporation, the Sole Member of California
Resource Elk Hills, LLC, its Sole Member

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TIDELANDS OIL PRODUCTION COMPANY
 
 
By:
/s/ Ivan Gaydarov
 
Name:
Ivan Gaydarov
 
Title:
Treasurer of California Resources Tidelands, Inc., its Managing Partner

 
CALIFORNIA RESOURCES COLES LEVEE, LLC
 
 
By:
/s/ Ivan Gaydarov
 
Name:
Ivan Gaydarov
 
Title:
Treasurer

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CALIFORNIA RESOURCES COLES LEVEE, L.P.
 
 
By:
/s/ Ivan Gaydarov
 
Name:
Ivan Gaydarov
 
Title:
Treasurer of California Resources Coles Levee, LLC, its General Partner

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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Collateral Trustee
 
 
By:
/s/ R. Tarnas
 
Name:
R. Tarnas
 
Title:
Vice President

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