Document ID: 15582

Text:
{W5670291.3} 2 1.3 Defined Terms Used in this Agreement. In addition to the terms defined above and throughout this Agreement, the following terms used in this Agreement shall be construed to have the meanings set forth or referenced below. (a) Affiliate means, with respect to a specified Person, any other Person, whether now in existence or hereafter created, directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, control (including, with correlative meanings, controlling, controlled by and under common control with) means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. (b) Asset Purchase Agreement has the meaning set forth in the recitals to this Agreement. (c) Business Day means any day except Saturday, Sunday or any other day on which commercial banks located in the State of New York are authorized or required by Law to be closed for business. (d) Buyer has the meaning set forth in the recitals to this Agreement. (e) Closing has the meaning set forth in Section 1.2. (f) Commission means the United States Securities and Exchange Commission. (g) Common Units has the meaning set forth in the recitals to this Agreement. (h) Confidential Information means any confidential information provided to the Investor regarding the Parent and its Affiliates or any fact relating to discussions or negotiations with the Parent in connection with the Transaction Documents. (i) Credit Facility means that certain Credit Agreement dated December 9, 2014 among Sprague Operating Resources LLC, the several lenders parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, as amended, restated and/or supplemented from time to time. (j) Damages means any loss, damage, claim or liability (joint or several) to which a party hereto may become subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, claim or liability (or any action in respect thereof) arises out of or is based upon: (i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement of the Parent, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) an omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or

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Tokenized Text:
{
W5670291
.
3
}
2
1
.
3
Defined
Terms
Used
in
this
Agreement
.
In
addition
to
the
terms
defined
above
and
throughout
this
Agreement
,
the
following
terms
used
in
this
Agreement
shall
be
construed
to
have
the
meanings
set
forth
or
referenced
below
.
(
a
)
Affiliate
means
,
with
respect
to
a
specified
Person
,
any
other
Person
,
whether
now
in
existence
or
hereafter
created
,
directly
or
indirectly
controlling
,
controlled
by
or
under
direct
or
indirect
common
control
with
such
specified
Person
.
For
purposes
of
this
definition
,
control
(
including
,
with
correlative
meanings
,
controlling
,
controlled
by
and
under
common
control
with
)
means
the
power
to
direct
or
cause
the
direction
of
the
management
and
policies
of
such
Person
,
directly
or
indirectly
,
whether
through
the
ownership
of
voting
securities
,
by
contract
or
otherwise
.
(
b
)
Asset
Purchase
Agreement
has
the
meaning
set
forth
in
the
recitals
to
this
Agreement
.
(
c
)
Business
Day
means
any
day
except
Saturday
,
Sunday
or
any
other
day
on
which
commercial
banks
located
in
the
State
of
New
York
are
authorized
or
required
by
Law
to
be
closed
for
business
.
(
d
)
Buyer
has
the
meaning
set
forth
in
the
recitals
to
this
Agreement
.
(
e
)
Closing
has
the
meaning
set
forth
in
Section
1
.
2
.
(
f
)
Commission
means
the
United
States
Securities
and
Exchange
Commission
.
(
g
)
Common
Units
has
the
meaning
set
forth
in
the
recitals
to
this
Agreement
.
(
h
)
Confidential
Information
means
any
confidential
information
provided
to
the
Investor
regarding
the
Parent
and
its
Affiliates
or
any
fact
relating
to
discussions
or
negotiations
with
the
Parent
in
connection
with
the
Transaction
Documents
.
(
i
)
Credit
Facility
means
that
certain
Credit
Agreement
dated
December
9
,
2014
among
Sprague
Operating
Resources
LLC
,
the
several
lenders
parties
thereto
,
and
JPMorgan
Chase
Bank
,
N
.
A
.
,
as
administrative
agent
,
as
amended
,
restated
and
/
or
supplemented
from
time
to
time
.
(
j
)
Damages
means
any
loss
,
damage
,
claim
or
liability
(
joint
or
several
)
to
which
a
party
hereto
may
become
subject
under
the
Securities
Act
,
the
Exchange
Act
,
or
other
federal
or
state
law
,
insofar
as
such
loss
,
damage
,
claim
or
liability
(
or
any
action
in
respect
thereof
)
arises
out
of
or
is
based
upon
:
(
i
)
any
untrue
statement
or
alleged
untrue
statement
of
a
material
fact
contained
in
any
registration
statement
of
the
Parent
,
including
any
preliminary
prospectus
or
final
prospectus
contained
therein
or
any
amendments
or
supplements
thereto
;
(
ii
)
an
omission
or
alleged
omission
to
state
therein
a
material
fact
required
to
be
stated
therein
,
or
necessary
to
make
the
statements
therein
not
misleading
;
or
(
iii
)
any
violation
or