Document:

Exhibit

Exhibit 4.2

$750,000,000
DIAMONDBACK ENERGY, INC.
4.750% Senior Notes due 2024
REGISTRATION RIGHTS AGREEMENT
September 25, 2018

MERRILL LYNCH, PIERCE, FENNER, & SMITH
INCORPORATED    
GOLDMAN SACHS & CO. LLC
As Representatives of the several Initial Purchasers 
named in Schedule A hereto

c/o Merrill Lynch, Pierce, Fenner & Smith
Incorporated
One Bryant Park
New York, New York 10036

c/o Goldman Sachs & Co. LLC
200 West Street
New York, New York 10282

Dear Sirs:
Diamondback Energy, Inc. (the “Issuer”) proposes to issue and sell to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Capital One Securities, Inc., Scotia Capital (USA) Inc., BOK Financial Securities, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, CIBC World Markets Corp., ING Financial Markets LLC, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc., Commonwealth Bank of Australia, IBERIA Capital Partners L.L.C. and West Texas National Bank (collectively, the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated September 18, 2018 (the “Purchase Agreement”), $750,000,000 aggregate principal amount of its 4.750% Senior Notes due 2024 (the “Initial Securities”) to be unconditionally guaranteed (the “Guarantees”) by Diamondback Energy O&G LLC and Diamondback Energy E&P LLC (collectively, the “Guarantors” and together with the Issuer, the “Company”).  The Initial Securities will be issued pursuant to an Indenture, dated as of October 28, 2016 (the “Base Indenture”), among the Issuer, the Guarantors and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by a Supplemental Indenture, dated as of September 25, 2018 (the “Supplemental Indenture”), among the Issuer, the Guarantors and the Trustee (the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”).  As an inducement to the Initial Purchasers, the Company agrees with the Initial Purchasers, for the benefit of the holders of the Initial Securities (including, without limitation, the Initial Purchasers), the Exchange Securities (as defined below) and the Private Exchange Securities (as defined below) (collectively the “Holders”), as follows:
1.    Registered Exchange Offer.  The Company shall, on or prior to 180 days after the Issue Date (as defined below) (such 180th day being the “Exchange Offer Registration Statement Filing Deadline”), at its own cost, prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement (along with any document or information incorporated by reference therein, the “Exchange Offer Registration Statement”) on an appropriate form under the Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Entitled Securities (as defined in Section 6 hereof), who are not prohibited by any law or policy of the Commission

from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate principal amount of debt securities (the “Exchange Securities”) of the Issuer issued under the Indenture and identical in all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the provisions relating to the matters described in Section 6 hereof) that would be registered under the Securities Act.  The Company shall use its commercially reasonable efforts to cause such Exchange Offer Registration Statement to become effective under the Securities Act within 360 days (or if the 360th day is not a business day, the first business day thereafter) after the date of original issue of the Initial Securities (the “Issue Date”) and shall keep the Exchange Offer Registration Statement effective for not less than 30 days (or longer, if required by applicable law) after the date notice of the Registered Exchange Offer is mailed to the Holders (such period being called the “Exchange Offer Registration Period”).  For purposes of this Agreement, “business day” shall mean any day other than a Saturday, Sunday or other day on which banking institutions are authorized or required by law to close in New York City.

If the Company effects the Registered Exchange Offer, the Company will be entitled to close the Registered Exchange Offer 30 days after the commencement thereof (or longer, if required by applicable law, or if the 30th day is not a business day, the first business day thereafter); provided that the Company has accepted all the Initial Securities theretofore validly tendered in accordance with the terms of the Registered Exchange Offer.
Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Entitled Securities electing to exchange the Initial Securities for Exchange Securities (assuming that such Holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the Company, acquires the Exchange Securities in the ordinary course of such Holder’s business and at the time of the commencement of the Registered Exchange Offer it has no arrangements or understandings with any person to participate in the distribution of the Exchange Securities within the meaning of the Securities Act and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or restrictions under the Securities Act and without material restrictions under the securities laws of the several states of the United States; provided, however, that Participating Broker-Dealers (as defined below) receiving Exchange Securities in the Registered Exchange Offer will have a prospectus delivery requirement with respect to the resale of such Exchange Securities.
The Company acknowledges that, pursuant to current interpretations by the Commission’s staff of Section 5 of the Securities Act, in the absence of an applicable exemption therefrom, (i) each Holder that is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result of market making activities or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section of such prospectus in connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell Exchange Securities acquired in exchange for Initial Securities constituting any portion of an unsold allotment is required to deliver a prospectus containing the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in connection with such sale.
The Company shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the prospectus contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements of the Securities Act for such period of time as such persons must comply with such requirements in order to resell the Exchange Securities; provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be the lesser of 180 days following the consummation of the Registered Exchange Offer and the date on which all Exchanging Dealers and the Initial Purchasers have sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such prospectus and any amendment or supplement thereto available upon request to any broker-dealer for use in connection with any resale of any Exchange Securities for a period of not less than 180 days following the effective date of the Exchange Offer Registration Statement (or such shorter period in which such persons are required by applicable law to deliver such prospectus).
If, upon consummation of the Registered Exchange Offer, any Initial Purchaser holds Initial Securities acquired by it as part of its initial distribution, the Company, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser upon the written request of such Initial Purchaser, in exchange (the “Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Issuer issued under the Indenture and identical in all material respects (including the existence of restrictions on transfer under the Securities Act and the securities laws of the several states of the United States, but excluding provisions relating to the matters 

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described in Section 6 hereof) to the Initial Securities (the “Private Exchange Securities”).  The Initial Securities, the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities”.
In connection with the Registered Exchange Offer, the Company shall:
(a)    mail to each Holder a copy of the prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents;

(b)    keep the Registered Exchange Offer open for not less than 30 days (or longer, if required by applicable law) after the date notice thereof is mailed to the Holders;

(c)    utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York, which may be the Trustee or an affiliate of the Trustee;

(d)    permit Holders to withdraw tendered Initial Securities at any time prior to the close of business, New York time, on the last business day on which the Registered Exchange Offer shall remain open; and

(e)    otherwise comply with all applicable laws.

As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the Company shall:
(x)     accept for exchange all the Initial Securities validly tendered and not withdrawn pursuant to the Registered Exchange Offer or the Private Exchange, as the case may be; 
(y)    deliver to the Trustee for cancellation all the Initial Securities so accepted for exchange; and
(z)    cause the Trustee to authenticate and deliver promptly to each Holder of the Initial Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange.
The Indenture will provide that the Exchange Securities will not be subject to the transfer restrictions set forth in the Indenture and that all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on any matter.
Interest on each Exchange Security and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the Private Exchange, respectively, will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities, from the Issue Date.
Each Holder participating in the Registered Exchange Offer shall be required to represent in writing to the Company that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business, (ii) such Holder will have no arrangements or understanding with any person to participate in the distribution of the Securities or the Exchange Securities within the meaning of the Securities Act in violation of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the Company or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities.
Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange Offer Registration Statement and any amendment thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any prospectus forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

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2.    Shelf Registration.  If (i) the Company and the Guarantors are not permitted to effect a Registered Exchange Offer, as contemplated by Section 1 hereof, because the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Entitled Securities (other than an Exchanging Dealer) notifies the Company prior to the 20th business day following consummation of the Registered Exchange Offer that (x) it is prohibited by law or SEC policy from participating in the Registered Exchange Offer, (y) it may not resell the Exchange Securities acquired by it in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales, or (z) it is a broker-dealer and owns Entitled Securities acquired directly from the Company or an affiliate of the Company, then, upon written request, the Company shall take the following actions:

(a)    The Company shall, at its cost, as promptly as practicable (but in no event more than 30 days after so requested pursuant to this Section 2) (such 30th day being a “Shelf Registration Statement Filing Deadline”) file with the Commission and thereafter shall use its commercially reasonable efforts to cause to be declared effective (unless it becomes effective automatically upon filing) a registration statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act relating to the offer and sale of the Entitled Securities by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter, along with any document or information incorporated by reference therein, the “Shelf Registration”) in the case of clause (i) above on or prior to the later to occur of (A) the 360th day following the Issue Date and (B) the 120th day after the date of the event described in clause (i) above, and on or prior to the 120th day after the date on which the Shelf Registration Statement is required to be filed in the case of clauses (ii) above; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder.

(b)    The Company shall use its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, until the earlier of (i) two years (or for such longer period if extended pursuant to Section 3(j) below) from the Issue Date and (ii) the date on which no Securities are Entitled Notes (the “Shelf Registration Period”).  

(c)    Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause the Shelf Registration Statement and the related prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, (i) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission and (ii) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.

3.    Registration Procedures.  In connection with any Shelf Registration contemplated by Section 2 hereof and, to the extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply:

(a)    The Company shall: (i) furnish to each Initial Purchaser, prior to the filing thereof with the Commission, a copy of the Registration Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the event that an Initial Purchaser (with respect to any portion of an unsold allotment from the original offering) is participating in the Registered Exchange Offer or the Shelf Registration Statement, the Company shall use its commercially reasonable efforts to reflect in each such document, when so filed with the Commission, such comments as such Initial Purchaser reasonably may propose; (ii) include the information set forth in Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section and in Annex C hereto in the “Plan of Distribution” section of the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by an Initial Purchaser, include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the prospectus forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to the potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the Commission or such positions or policies, in the reasonable judgment of the Initial Purchasers based upon advice of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and (v) in the case of a Shelf Registration Statement, include in the prospectus included in the Shelf Registration Statement (or, if permitted by Commission Rule 430B(b), in a prospectus supplement that becomes a part thereof pursuant to 

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Commission Rule 430B(f)) that is delivered to any Holder pursuant to Section 3(d) and Section 3(f) hereof, the names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling security holders.

(b)    The Company shall give written notice to the Initial Purchasers, the Holders and any Participating Broker-Dealer from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made):

(i)    when the Registration Statement or any amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective;

(ii)    of any request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein or for additional information;

(iii)    of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the happening of any event that causes the Company to become an “ineligible issuer,” as defined in Commission Rule 405;

(iv)    of the receipt by the Company or its legal counsel of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

(v)    of the happening of any event during the period that the Registration Statement is effective that requires the Company to make changes in the Registration Statement or the prospectus in order that the Registration Statement or the prospectus do not contain an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the prospectus, in the light of the circumstances under which they were made) not misleading.

(c)    The Company shall make every commercially reasonable effort to obtain the withdrawal, at the earliest possible time, of any order suspending the effectiveness of the Registration Statement.

(d)    The Company shall furnish to each Holder of Securities included within the coverage of the Shelf Registration who so requests in writing, without charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial statements and schedules, and, if the Holder so requests in writing, all exhibits thereto (including those, if any, incorporated by reference).  The Company shall not, without the prior consent of the Initial Purchasers, such consent not to be unreasonably withheld, delayed or conditioned, make any offer relating to the Securities that would constitute a “free writing prospectus,” as defined in Commission Rule 405.

(e)    The Company shall upon request deliver to each Exchanging Dealer and each Initial Purchaser, and to any other Holder who so requests in writing, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if any Initial Purchaser or any such Holder requests, all exhibits thereto (including those incorporated by reference).

(f)    The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities included within the coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such person may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Securities covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement.

(g)    The Company shall deliver to each Initial Purchaser, any Exchanging Dealer, any Participating Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such persons may reasonably request.  The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Initial Purchaser, if necessary, 

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any Participating Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto, included in such Exchange Offer Registration Statement.

(h)    Prior to any public offering of the Securities, pursuant to any Registration Statement, the Company shall use commercially reasonable efforts to register or qualify or cooperate with the Holders included therein and their respective counsel in connection with the registration or qualification of the Securities for offer and sale under the securities or “blue sky” laws of such states of the United States as any Holder reasonably requests in writing and do any and all other acts or things necessary or advisable to enable the offer and sale in such jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified or (ii) take any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject.

(i)    Unless the Securities are in book entry form, the Company shall cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as the Holders may request a reasonable period of time prior to sales of the Securities pursuant to such Registration Statement.

(j)    Upon the occurrence of any event contemplated by paragraphs (ii) through (v) of Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the related prospectus and any other required document so that, as thereafter delivered to Holders or purchasers of Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.  If the Company notifies the Initial Purchasers, the Holders and any known Participating Broker-Dealer in accordance with paragraphs (ii) through (v) of Section 3(b) above to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the Initial Purchasers, the Holders and any such Participating Broker-Dealers shall suspend use of such prospectus, and the period of effectiveness of the Shelf Registration Statement provided for in Section 2(b) above and the Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of such notice to and including the date when the Initial Purchasers, the Holders and any known Participating Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j).  During the period during which the Company is required to maintain an effective Shelf Registration Statement pursuant to this Agreement, the Company will prior to the three‐year expiration of that Shelf Registration Statement file, and use its commercially reasonable efforts to cause to be declared effective (unless it becomes effective automatically upon filing) within a period that avoids any interruption in the ability of Holders of Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a new registration statement relating to the Securities, which shall be deemed the “Shelf Registration Statement” for purposes of this Agreement.

(k)    Not later than the effective date of the applicable Registration Statement, the Company will provide a CUSIP number for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, and provide the applicable trustee with printed certificates for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company unless such Securities are in book entry form.

(l)    The Company will comply with all rules and regulations of the Commission to the extent and so long as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available to its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder) an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder, no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month period.

(m)    The Company shall cause the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, in a timely manner as required by the rules and regulations of the Commission and containing such changes, if any, as shall be necessary for such qualification.  In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture.

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(n)    The Company may require each Holder of Securities to be sold pursuant to the Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of the Securities as the Company may from time to time reasonably require for inclusion in the Shelf Registration Statement in order to comply with the Securities Act and the rules and regulations thereunder, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request.

(o)    The Company shall enter into such customary agreements (including, if requested, an underwriting agreement in customary form) and take all such other action, if any, as any Holder shall reasonably request in order to facilitate the disposition of the Securities pursuant to any Shelf Registration.

(p)    In the case of any Shelf Registration, if requested by the Company subject to the delivery of customary confidentiality agreements (with customary exceptions) by all parties prior to review of such information, the Company shall (i) make reasonably available for inspection by the Holders, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders or any such underwriter, at reasonable times and in a reasonable manner, all relevant financial and other records, pertinent corporate documents and properties of the Company and (ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the Holders or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably necessary to enable such persons, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the Initial Purchasers by you and on behalf of the other parties, by one counsel designated by and on behalf of such other parties as described in Section 4 hereof, and the Company shall have no obligation to pay the fees and expenses of such persons or entities other than as contemplated by Section 4.

(q)    In the case of any Shelf Registration, the Company, if requested by any Holder of Securities covered thereby, shall cause: (i) its counsel to deliver an opinion and negative assurance letter and updates thereof relating to the Securities addressed to such Holders and the Managing Underwriters (as defined in Section 8 hereof), if any, in form, scope and substance reasonably satisfactory to the Managing Underwriters, covering the matters customarily covered in opinions and negative assurance letters, reasonably requested in underwritten offerings, and dated, in the case of the initial opinion and negative assurance letter, the effective date of such Shelf Registration Statement; (ii) its officers to execute and deliver all customary documents and certificates and updates thereof requested by any underwriters of the applicable Securities; (iii) its independent public accountants to provide to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated, and only if permitted, by Statement of Auditing Standards No. 72 (or any successor bulletins); and (iv) its independent reserve engineers to provide to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in reserve engineer comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated.

(r)    In the case of the Registered Exchange Offer, if requested by any Initial Purchaser or any known Participating Broker-Dealer, the Company shall cause (i) its counsel to deliver to such Initial Purchaser or such Participating Broker-Dealer signed opinions in the forms set forth in Schedule D and Schedule E of the Purchase Agreement with such changes as are customary in connection with the preparation of a Registration Statement, (ii) its independent public accountants to deliver to such Initial Purchaser or such Participating Broker-Dealer a comfort letter, in customary form, meeting the requirements as to the substance as set forth in the Purchase Agreement, with appropriate date changes, and (iii) its independent reserve engineers to deliver to such Initial Purchaser or such Participating Broker-Dealer a comfort letter, in customary form, meeting the requirements as to the substance thereof as set forth in the Purchase Agreement, with appropriate date changes.

(s)    If a Registered Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Initial Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be, the Company shall mark, or cause to be marked, on the Initial Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event shall the Initial Securities be marked as paid or otherwise satisfied.

(t)    If so requested by Holders of a majority in aggregate principal amount of Securities covered by such Registration Statement, or by the managing underwriters, if any, the Company will use its commercially reasonable efforts 

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to (a) if the Initial Securities have been rated prior to the initial sale of such Initial Securities, confirm such ratings will apply to the Securities covered by a Registration Statement, or (b) if the Initial Securities were not previously rated, cause the Securities covered by a Registration Statement to be rated with the appropriate rating agencies. 

(u)    In the event that any broker-dealer registered under the Exchange Act shall underwrite any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the Financial Industry Regulatory Authority, Inc. (“FINRA”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company will assist such broker-dealer in complying with the requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 5121, shall so require, engaging a “qualified independent underwriter” (as defined in Rule 5121) to participate in the preparation of the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made through a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 5 hereof and (iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules.

(v)    The Company shall use its commercially reasonable efforts to take all other steps necessary to effect the registration of the Securities covered by a Registration Statement contemplated hereby.

4.    Registration Expenses.  The Company shall bear all fees and expenses incurred in connection with the performance of its obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of Latham & Watkins LLP, counsel for the Initial Purchasers, incurred in connection with the Registered Exchange Offer), whether or not the Registered Exchange Offer is consummated or a Registration Statement is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or reimburse the Holders of the Securities covered thereby for the reasonable fees and disbursements of one firm of counsel designated by the Holders of a majority in principal amount of the Initial Securities covered thereby to act as counsel for the Holders of the Initial Securities in connection therewith.

5.    Indemnification.  (a)  The Company agrees to indemnify and hold harmless each Holder, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating Broker-Dealer and such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but not limited to, any losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or “issuer free writing prospectus,” as defined in Commission Rule 433 (“Issuer FWP”), relating to a Shelf Registration, or arise out of, or are based upon, the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that (i) the Company shall not be liable in any such case to the extent that such loss, claim, damage or liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein and (ii) with respect to any untrue statement or omission or alleged untrue statement or omission made in any preliminary prospectus relating to a Shelf Registration Statement, the indemnity agreement contained in this subsection (a) shall not inure to the benefit of any Holder or Participating Broker-Dealer from whom the person asserting any such losses, claims, damages or liabilities purchased the Securities concerned, to the extent that a prospectus relating to such Securities was required to be delivered (including through satisfaction of the conditions of Commission Rule 172) by such Holder or Participating Broker-Dealer under the Securities Act in connection with such purchase and any such loss, claim, damage or liability of such Holder or Participating Broker-Dealer results from the fact that there was not conveyed to such person, at or prior to the time of the sale of such Securities to such person, an amended or supplemented prospectus or, if permitted by Section 3(d), an Issuer FWP correcting such untrue statement or omission or alleged untrue statement or omission if the Company had previously furnished copies thereof to such Holder or Participating Broker-Dealer; provided further, however, that this indemnity agreement will be in addition to any liability which the Company may otherwise have to such Indemnified Party.  The Company shall also indemnify underwriters, their officers and directors and each person who controls such underwriters within the meaning of the Securities Act or the Exchange Act to the same extent as provided above with respect to the indemnification of the Holders if requested by such Holders.

8

(b)    Each Holder, severally and not jointly, will indemnify and hold harmless the Company and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or any actions in respect thereof, to which the Company or any such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or alleged omission to state therein a material fact necessary to make the statements therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company for any legal or other expenses reasonably incurred by the Company or any such controlling person in connection with investigating or defending any loss, claim, damage, liability or action in respect thereof.  This indemnity agreement will be in addition to any liability which such Holder may otherwise have to the Company or any of its controlling persons.

(c)    Promptly after receipt by an indemnified party under this Section 5 of notice of the commencement of any action or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying party of the commencement thereof; but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under Section 5(a) or Section 5(b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under Section 5(a) or Section 5(b) above.  In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof.  In any such proceeding, any indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (i) the indemnifying party and the indemnified party shall have mutually agreed to the contrary; (ii) the indemnifying party has failed within a reasonable time to retain counsel reasonably satisfactory to the indemnified party; (iii) the indemnified party shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the indemnifying party; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them.  It is understood and agreed that the indemnifying party shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all indemnified parties, and that all such fees and expenses shall be reimbursed as they are incurred.  No indemnifying party shall, without the prior written consent of the indemnified party effect any settlement of any pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party.

(d)    If the indemnification provided for in this Section 5 is unavailable or insufficient to hold harmless an indemnified party under Section 5(a) or Section 5(b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to in Section 5(a) or Section 5(b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations.  The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or such Holder or such other indemnified party, as the case may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.  The amount paid by an indemnified party as a result of the losses, claims, damages 

9

or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this subsection (d).  Notwithstanding any other provision of this Section 5(d), the Holders shall not be required to contribute any amount in excess of the amount by which the net proceeds received by such Holders from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages which such Holders have otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.  For purposes of this subsection (d), each person, if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such indemnified party and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as the Company.

(e)    The agreements contained in this Section 5 shall survive the sale of the Securities pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any indemnified party.

6.    Special Interest Under Certain Circumstances.  (a)  Special interest (the “Special Interest”) with respect to the Initial Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (iv) below a “Registration Default”):

(i)    If (a) the Exchange Offer Registration Statement is not filed with the Commission on or prior to the Exchange Offer Registration Statement Filing Deadline, or (b) the Shelf Registration Statement required by this Agreement is not filed with the Commission on or prior to the Shelf Registration Filing Deadline;

(ii)    If on or prior to the 360th day following the Issue Date, the Exchange Offer Registration Statement has not been declared effective by the Commission;

(iii)    If the Company and the Guarantors fail to consummate the Registered Exchange Offer on or prior to 30 business days, or longer, if required by applicable securities laws, after the date on which the Exchange Offer Registration Statement was declared effective by the Commission; 

(iv)    If the Shelf Registration Statement (if required in lieu of the Registered Exchange Offer) has not been declared effective by the Commission on or prior to the applicable date specified in Section 2(a) hereof; or

(v)    If after either the Exchange Offer Registration Statement or the Shelf Registration Statement is declared (or becomes automatically) effective (A) such Registration Statement thereafter ceases to be effective; or (B) such Registration Statement or the related prospectus ceases to be usable (except as permitted in Section 6(b) hereof) in connection with resales of Entitled Securities during the periods specified herein, and in either case such failure to remain effective or usable, as the case may be, continues for 30 consecutive days.

Special Interest shall accrue on the principal amount of the Initial Securities over and above the interest set forth in the title of the Securities from and including the date on which any such Registration Default shall occur to but excluding the earlier of (y) the date on which all such Registration Defaults have been cured and (z) the date on which no Initial Securities are Entitled Securities, at a rate of 0.25% per annum for the first 90-day period immediately following the occurrence of such Registration Default.  The Special Interest rate shall increase by an additional 0.25% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Special Interest rate of 0.50% per annum.  
(b)    A Registration Default referred to in Section 6(a)(v) hereof shall be deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the filing of a post-effective amendment to such Shelf Registration Statement to incorporate annual audited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related prospectus or (y) other material events with respect to the Company that would need to be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company is proceeding promptly and in good faith to amend or supplement such Shelf Registration Statement and related prospectus to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period in excess of 30 days, Special Interest shall be payable in accordance with the above paragraph from the day such Registration Default occurs until such Registration Default is cured.

10

(c)    The remedy set forth in Section 6(a) hereof shall constitute liquidated damages and shall be the sole and exclusive remedy of the Holders for each and any Registration Default.

(d)    Any amounts of Special Interest due pursuant to Section 6(a) above will be payable in cash on the regular interest payment dates with respect to the Entitled Securities. The amount of Special Interest will be determined by multiplying the applicable Special Interest rate by the principal amount of the Entitled Securities, multiplied by a fraction, the numerator of which is the number of days such Special Interest rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator of which is 360.

(e)    “Entitled Securities” means each Security until the earliest of (i) the date on which such Entitled Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of an Initial Security for an Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained in the Exchange Offer Registration Statement, (iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement; and (iv) the date on which such Initial Security is disposed of to the public in accordance with Rule 144 under the Securities Act.

(f)    Notwithstanding the foregoing in this Section 6: (i) the amount of Special Interest payable shall not increase because more than one Registration Default has occurred and is pending; (ii) a Holder of an Entitled Security who is not entitled to the benefits of the Shelf Registration Statement (i.e., such Holder has not elected to furnish information to the Company in accordance with Section 3(n) hereof) shall not be entitled to Special Interest with respect to a Registration Default relating to the Shelf Registration Statement; and (iii) no Holder who (x) was eligible to exchange such Holder’s outstanding Securities at the time the Exchange Offer was pending and consummated and (y) failed to validly tender such Securities for exchange pursuant to the Exchange Offer shall be entitled to receive any Special Interest that would otherwise accrue subsequent to the date the Exchange Offer is consummated.  

7.    Rules 144 and 144A.  The Company shall use its commercially reasonable efforts to file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time the Company is not required to file such reports, it will, upon the request of any Holder of Initial Securities, make publicly available other information so long as necessary to permit sales of their Securities pursuant to Rules 144 and 144A.  The Company covenants that it will take such further action as any Holder of Initial Securities may reasonably request, all to the extent required from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation of the exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)).  To the extent not available on EDGAR, the Company will provide a copy of this Agreement to prospective purchasers of Initial Securities identified to the Company by the Initial Purchasers upon request.  Upon the request of any Holder of Initial Securities, the Company shall deliver to such Holder a written statement as to whether it has complied with such requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities pursuant to the Exchange Act.

8.    Underwritten Registrations.  Notwithstanding anything herein to the contrary, no Securities covered by a Shelf Registration Statement may be sold in an underwritten offering under the Shelf Registration Statement without the prior written consent of the Company. If any of the Entitled Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering (“Managing Underwriters”) will be selected by the Holders of a majority in aggregate principal amount of such Entitled Securities to be included in such offering, subject to the Company’s consent (which consent shall not be unreasonably withheld, conditioned or delayed).

No person may participate in any underwritten registration hereunder unless such person (i) agrees to sell such person’s Entitled Securities on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements.
9.    Miscellaneous.
(a)    Amendments and Waivers.  The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, except by the Company and the written consent of the Holders of a majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents.

11

(b)    Notices.  All notices and other communications provided for or permitted hereunder shall be made in writing by hand delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery:

(1)    if to a Holder, at the most current address given by such Holder to the Company.

(2)    if to the Initial Purchasers:

(i)    Merrill Lynch, Pierce, Fenner & Smith Incorporated
50 Rockefeller Plaza
New York, New York 10020
Fax: (212) 901-7897
Attention: High Yield Legal Department; and
(ii)    Goldman Sachs & Co. LLC
200 West Street
New York, New York 10282-2198
Fax: (212) 902-9316
Attention: Registration Department
with a copy to:
Latham & Watkins LLP
811 Main Street, Suite 3700
Houston, Texas 77002
Fax: (713) 546-5401
Attention:  Michael Chambers

(3)    if to the Company, at its address as follows:

Diamondback Energy, Inc.
500 West Texas, Suite 1200
Midland, Texas 79701
Fax:  (405) 286-5920
Attention:  Chief Financial Officer

with a copy to:
Akin, Gump, Strauss, Hauer & Feld LLP
1700 Pacific Avenue, Suite 4100
Dallas, TX 75201
Attention:  Seth R. Molay, P.C.

All such notices and communications shall be deemed to have been duly given:  at the time delivered by hand, if personally delivered; three business days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day delivered, if sent by overnight air courier guaranteeing next day delivery.
(c)    No Inconsistent Agreements.  The Company has not, as of the date hereof, entered into, nor shall it, on or after the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof.

(d)    Successors and Assigns.  This Agreement shall be binding upon the Company and its successors and assigns.

(e)    Counterparts.  This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

(f)    Headings.  The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

12

(g)    Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.  

(h)    Severability.  If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby.

(i)    Securities Held by the Company.  Whenever the consent or approval of Holders of a specified percentage of principal amount of Securities is required hereunder, Securities held by the Company or its affiliates (other than subsequent Holders if such subsequent Holders are deemed to be affiliates solely by reason of their holdings of such Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage.

13

If the foregoing is in accordance with your understanding of our agreement, please sign and return to the Issuer a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the Initial Purchasers, the Issuer and the Guarantors in accordance with its terms.
	
		
	Very truly yours,

	 
	 

	 
	 

	DIAMONDBACK ENERGY, INC.

	 
	 

	 
	 

	By:
	/s/ Teresa L. Dick   

	Name:
	Teresa L. Dick

	Title:
	Executive Vice President, Chief Financial

	 
	Officer and Assistant Secretary

	 
	 

	 
	 

	DIAMONDBACK E&P LLC

	 
	 

	 
	 

	By:
	/s/ Teresa L. Dick

	Name:
	Teresa L. Dick

	Title:
	Executive Vice President, Chief Financial

	 
	Officer and Assistant Secretary

	 
	 

	 
	 

	DIAMONDBACK O&G LLC

	 
	 

	 
	 

	By:
	/s/ Teresa L. Dick

	Name:
	Teresa L. Dick

	Title:
	Executive Vice President, Chief Financial

	 
	Officer and Assistant Secretary

[Signature Page to the Registration Rights Agreement]

	
		
	The foregoing Registration Rights Agreement

	is hereby confirmed and accepted as of the

	date first above written by:

	 
	 

	MERRILL LYNCH, PIERCE, FENNER & SMITH

	 
	INCORPORATED

	GOLDMAN SACHS & CO. LLC

	 
	Acting on behalf of themselves and as representatives of

	 
	the several Initial Purchasers

	 
	 

	 
	 

	MERRILL LYNCH, PIERCE, FENNER & SMITH

	 
	INCORPORATED

	 
	 

	 
	 

	By:
	/s/ Sam Kazdal

	Name:
	Sam Kazdal

	Title:
	Managing Director

	 
	 

	 
	 

	GOLDMAN SACHS & CO. LLC

	 
	 

	 
	 

	By:
	/s/ Ariel Fox

	Name:
	/s/ Ariel Fox

	Title:
	Vice President

[Signature Page to the Registration Rights Agreement]

Annex A

Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities.  The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.  This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired by such broker-dealer as a result of market-making activities or other trading activities.  The Company has agreed that, for a period of 180 days following the effective date of the Exchange Offer Registration Statement (the “Effective Date”), it will make this Prospectus available to any broker-dealer for use in connection with any such resale.  See “Plan of Distribution.”

Annex B

Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Initial Securities were acquired by such broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities.  See “Plan of Distribution.”

Annex C

PLAN OF DISTRIBUTION
Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities.  This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities.  The Company has agreed that, for a period of 180 days after the Effective Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale.  In addition, until                , 20 , all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus.(1) 
The Company will not receive any proceeds from any sale of Exchange Securities by broker-dealers.  Exchange Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices.  Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker‐dealer or the purchasers of any such Exchange Securities.  Any broker-dealer that resells Exchange Securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the Securities Act and any profit on any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act.  The Letter of Transmittal states that, by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.
For a period of 180 days after the Effective Date, the Company will promptly send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any broker-dealer that requests such documents in the Letter of Transmittal.  The Company has agreed to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the Holders) other than commissions or concessions of any brokers or dealers and will indemnify the Holders (including any broker-dealers) against certain liabilities, including liabilities under the Securities Act.

___________
(1)  In addition, the legend required by Item 502(b) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus. 

Annex D

�o CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.

Name:        ___________________________________________
Address:    __________________________________________
  ____________________________________________

If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not intend to engage in, a distribution of Exchange Securities.  If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.

SCHEDULE A

Initial Purchasers

	
	
	Merrill Lynch, Pierce, Fenner & Smith Incorporated

	Goldman Sachs & Co. LLC

	Wells Fargo Securities, LLC

	Citigroup Global Markets Inc.

	Credit Suisse Securities (USA) LLC

	J.P. Morgan Securities LLC

	Capital One Securities, Inc.

	Scotia Capital (USA) Inc.

	BB&T Capital Markets, a division of BB&T Securities, LLC

	BOK Financial Securities, Inc.

	CIBC World Markets Corp.

	ING Financial Markets LLC

	PNC Capital Markets LLC

	SunTrust Robinson Humphrey, Inc.

	U.S. Bancorp Investments, Inc.

	Commonwealth Bank of Australia

	IBERIA Capital Partners L.L.C.

	West Texas National BankEX-4.7

 Exhibit 4.7 
 

 
 TESORO CORPORATION THRIFT PLAN As Amended and Restated Effective January 1, 2014 

 

 
 TESORO CORPORTION THRIFT PLAN TABLE OF CONTENTS Page ARTICLE I PURPOSE 1 ARTICLE II DEFINITIONS AND CONSTRUCTION 1 2.1 DEFINITIONS 1 2.2
Construction 11 ARTICLE III ELIGIBILITY AND PARTICIPATION 11 3.1 Eligibility Requirements 11 3.2 Notification of Eligibility 12 3.3 Re-entry of Prior Participants 12 ARTICLE IV CONTRIBUTIONS 12 4.1 Salary
Reduction Contributions 12 4.2 Catch-Up Contributions 13 4.3 Employee Contributions 13 4.4 Safe Harbor Matching Contributions 13 4.5 Company Matching Contributions 14 4.5A Discretionary True-Up Matching Contributions 14 4.6 Nonelective Contributions 15 4.7 Qualified Nonelective Contributions 15 4.8 Reduction of Excess Deferrals 15 4.9 Deferral Percentage Test 15 4.10 Contribution Percentage Test 17
4.11 Rollover Contributions 20 4.12 Roth Contributions 20 4.13 Profit Sharing Contribution 21 ARTICLE V ADJUSTMENT OF INDIVIDUAL ACCOUNTS 21 5.1 individual Accounts 21 5.2 Method of Adjustment 22 5.3 Salary Reduction Elections 22 ARTICLE VI
ALLOCATIONS 24 6.1 Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee Contributions and Rollover Contributions 24 6.2 Safe Harbor Matching Contributions 24 6.3 Company
Matching Contributions 24 6.3A Discretionary True-Up Matching Contributions 24 6.4 Nonelective Contributions 24 6.5 Qualified Nonelective Contributions 24 6.6 Forfeitures 25 6.7 Maximum Annual Addition to
Account 25 6.8 Profit Sharing Contributions 28 ARTICLE VII RETIREMENT 28 7.1 NORMAL OR LATE RETIREMENT 28 7.2 Benefit 28 

 

 
 ARTICLE VIII DEATH 28 8.1 Death of Participant 28 8.2 Benefit 29 8.3 Designation of Beneficiary 29 8.4 No Beneficiary 29 ARTICLE IX
DISABILITY 30 9.1 Disability 30 9.2 Benefit 30 ARTICLE X TERMINATION OF EMPLOYMENT AND FORFEITURES 30 10.1 Eligibility and Benefits 30 10.2 Time of Payment 31 10.3 Forfeitures 31 ARTICLE XI ADMINISTRATION 31 11.1 Appointment of Committee 31 11.2
Authority of Committee 31 11.3 Responsibilities of the Committee 32 11.4 Rules and Decisions 33 11.5 Administrative Procedures 33 11.6 Authorization of Benefit Payments 33 11.7 Payment of Expenses 33 11.8 Indemnification of Members of the Committee
34 ARTICLE XII DISTRIBUTIONS, WITHDRAWALS AND LOANS 34 12.1 Method of Payment 34 12.2 Time of Payment 34 12.3 Cash Out Distribution 40 12.4 Minority or Disability Payments 40 12.5 Distributions Under Domestic Relations Orders 40 12.6 Direct Rollover
of Eligible Rollover Distributions 41 12.7 Withdrawals 42 12.8 Loans to Participants 47 12.9 Rollovers of Mandatory Distributions 48 12.10 Distributions While on Military Leave 48 ARTICLE XIII TRUSTEE, INVESTMENT MANAGERS AND DIRECTED INVESTMENTS 48
13.1 Appointment of Trustee 48 13.2 Appointment of Investment Manager 48 13.3 Responsibility of Trustee and Investment Manager 49 13.4 Bonding of Trustee and Investment Manager 49 13.5 Participant Direction of Investment 49 ARTICLE XIV AMENDMENT AND
TERMINATION OF PLAN 51 14.1 Amendment sof Plan 51 14.2 Right to Terminate and Withdraw 52 14.3 Suspension and Discontinuance of Contributions 52 14.4 Liquidation of Trust Fund 52 14.5 Consolidation or Merger 53 ARTICLE XV TOP-HEAVY RULES 53 15.1 Definitions 53 15.2 Determination of Top Heavy Status 54 15.3 Minimum Employer Contribution 55 

 

 
 ARTICLE XVI GENERAL PROVISIONS 55 16.1 No Employment Contract 55 16.2 Manner of Payment 55 16.3 Nonalienation of Benefits 56 16.4 Titles
for Convenience Only 56 16.5 Validity of Plan 56 16.6 Plan Binding 56 16.7 Return of Contributions 56 16.8 Missing Participants or Beneficiaries 57 16.9 USERRA Compliance 57 ARTICLE XVII PARTICIPATION BY OTHER ORGANIZATIONS 57 17.1 Designation by
Company 57 17.2 Termination of Participation 57 ARTICLE XVIII FIDUCIARY PROVISIONS 58 18.1 General Allocation of Duties 58 18.2 Fiduciary Duty 58 18.3 Fiduciary Liability 58 18.4 Co-Fiduciary Liability 58 18.5
Delegations and Allocation 59 

 

 
 TESORO CORPORATION THRIFT PLAN PREAMBLE WHEREAS, TESORO CORPORATION, a corporation formed under the laws of the State of Delaware (the
“Company”) previously adopted the “Tesoro Corporation Thrift Plan,” a qualified retirement savings plan, effective as of April 1, 1979, which was subsequently amended and restated in its entirety, effective as of
January 1, 1997, and again amended and restated in its entirety, effective as of January 1, 2008 (the “Prior Plan”); WHEREAS, the Company intends that the Prior Plan shall qualify as a 401(k) plan under the Internal Revenue Code
of 1986, as amended (the “Code”); WHEREAS, in connection with the submission of an application for a favorable determination letter, the Company desires to amend and restate the Prior Plan, effective January 1, 2014, to incorporate
prior amendments and to clarify the operation and administration of the Plan; and NOW, THEREFORE, in consideration of the premises and to carry out the purposes and intent as set forth above, said Prior Plan is hereby amended and restated in its
entirety, superseded and replaced by this amended, restated Thrift Plan, effective January 1, 2014, except as otherwise specifically noted herein. There will be no gap or lapse in time or effect between such Plans and the existence of a
qualified Plan shall be continuous and uninterrupted. The terms and conditions of this restated Thrift Plan are as follows: ARTICLE I PURPOSE The purpose of this Plan is to reward Employees of the Employers, as hereinafter defined, for their loyal
and faithful service, to share with the Employees a portion of the profits, to help the Employees accumulate funds for their later years, and to provide funds for their Beneficiaries in the event of death or disability. The benefits provided by this
Plan will be paid from a Trust Fund established by the Company and will be in addition to the benefits Employees are entitled to receive under any other programs of the Employers and pursuant to the Social Security Act. This Plan and the separate
related Trust(s) forming a part hereof are established and shall be maintained for the exclusive benefit of the Participants, former Participants and their Beneficiaries. No part of the Trust Fund can ever revert to the Employers or be used for or
diverted to purposes other than the exclusive benefit of the Participants, former Participants and their Beneficiaries, except as hereinafter provided. ARTICLE II DEFINITIONS AND CONSTRUCTION 2.1 Definitions. Where the following words and phrases
appear in this Plan, they shall have the respective meanings set forth below, unless their context clearly indicates to the contrary: 

 

 
 (a) Affiliate. A member of a controlled group of corporations (as defined in Section 414(b) of the Code), a group of trades or
businesses (whether or not incorporated) that are under common control (as defined in Section 414(c) of the Code), or an affiliated service group (as defined in Section 414(m) of the Code) of which an Employer is a member, or any entity
otherwise required to be aggregated with an Employer pursuant to Section 414(o) of the Code and the regulations issued thereunder. (b) Allocation Date. The pay date associated with each payroll period within the Plan Year, unless otherwise
specifically provided. (c) Annual Compensation. Except as otherwise specifically provided herein, the total amounts paid by an Employer to an Employee as remuneration for personal services rendered during each Plan Year, as reported on the
Employee’s federal income tax withholding statement or statements (Form W-2 or its subsequent equivalent), together with any amounts not includable in the gross income of the Employee pursuant to Sections
125(a), 402(e)(3), or 132(f)(4) of the Code; differential wages paid to an individual with respect to any period during which the individual is performing service in the uniformed services (as defined in Chapter 43 of Title 38, United States Code)
while on active duty for more than thirty (30) days and which represents all or a portion of the wages the individual would have received from the Employer if the individual were performing service for the Employer; as well as any amounts
deferred by such Employee pursuant to a nonqualified deferred compensation plan sponsored by the Employer, but Annual Compensation shall not include (1) employer contributions to a plan of deferred compensation that are not included in the
Employee’s gross income for the taxable year in which contributed, or any distributions from a deferred compensation plan; (2) amounts realized from the exercise of a nonqualified stock option, or when restricted stock or property held by
an Employee either becomes freely transferable or is no longer subject to a substantial risk of forfeiture; (3) income realized from the exercise of stock appreciation rights and other stock awards granted to the Employee;
(4) reimbursements or other expense allowances, cash and noncash fringe benefits (other than qualified transportation expenses), and welfare benefits, even if such items are includible in the Employee’s gross income for the Plan Year;
(5) moving expenses incurred by an Employee; (6) recognition awards, bonuses (other than regular bonuses), project completion pay, housing allowances, stipends paid upon foreign assignment, and all other extraordinary compensation; and
(7) severance payments. For purposes of this Section 2.1(c), severance payments include payments made after an Employee’s severance from employment, but shall not include amounts attributable to payments of regular wages and normal
bonuses made within  1⁄3months following severance from employment that would have been paid to the Employee prior to a severance from employment if the
Employee had continued in employment with the Employer. Notwithstanding the foregoing, for purposes of Sections 4.4, 4.5 and 6.8 hereof, with respect to any Participant, Annual Compensation shall not include amounts attributable to bonuses and
Unscheduled Overtime. The Annual Compensation of each Participant taken into account under the Plan for any Plan Year shall not exceed $260,000, as adjusted by the Secretary of the Treasury for increases in the cost of living at the time and in the
manner set forth in Section 401(a)(17)(B) of the Code. If a Plan Year consists of fewer than twelve (12) months, 

 

 
 then the dollar limitation described in the preceding sentence shall be multiplied by a fraction, the numerator of which is the number
of months in the Plan Year, and the denominator of which is 12. If any Employee becomes a Participant on a day other than the first day of the Plan Year, his Annual Compensation for only that portion of the Plan Year during which he is eligible to
participate in the Plan shall be taken into account in determining contributions hereunder. (d) Beneficiary. A person designated by a Participant or former Participant in accordance with Section 8.3 hereof to receive benefits hereunder
upon the death of such Participant or former Participant. (e) Board. The Board of Directors of the Company, or its authorized delegate. (f) Break in Service. A 12-month Period of Severance. Solely
for purposes of determining whether a Break in Service has occurred, in the case of an Employee who is absent from work beyond the first anniversary of the first date of an absence and the absence is for an approved leave for maternity or paternity
reasons, the date the Employee incurs a Break in Service shall be the second anniversary of the Employee’s absence from employment. The period between the first and second anniversary of the first date of absence shall not constitute Service
under the Plan. For purposes of this Section 2.1(f), an absence from work for maternity or paternity reasons means an absence (i) by reason of pregnancy of the individual, (ii) by reason of the birth of a child of the individual,
(iii) by reason of the placement of a child with the individual in connection with the adoption of such child by such individual, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or
placement. For purposes of determining a Break in Service for all other absences from employment, a Break in Service shall occur as of the last day of each such twelve (12) consecutive month Period of Severance.
(g) Catch-Up Contributions. Salary Reduction Contributions made to the Plan by an Employer in accordance with Section 4.2 hereof, at the election of an eligible Participant, in lieu of cash
compensation, which are in excess of the applicable dollar amount on Salary Reduction Contributions for such Plan Year, as provided in Section 402(g) of the Code. (h) Code. The Internal Revenue Code of 1986, as amended. (i) Committee.
The persons appointed to administer the Plan in accordance with Article XI. (j) Company. Tesoro Corporation or its successor or successors. (k) Company Matching Contributions. Contributions made by an Employer for any payroll period on
behalf of a Participant who has not satisfied the minimum age and service requirements prescribed under Code Section 410(a)(1)(A) on account of such Participant’s Salary Reduction Contributions, Roth Contributions and, if applicable, Catch-Up Contributions made to the Plan for such payroll period. 

 

 
 (l) Company Matching Contribution Account. A separate subaccount to which is credited a Participant’s Company Matching
Contributions, Safe Harbor Matching Contributions and Discretionary True-Up Matching Contributions, if any, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or
investment losses attributable thereto. (m) Company Stock. The voting common stock of the Company. (n) Company Stock Fund. An investment fund that invests primarily in Company Stock. (o) Date of Termination. The earlier of
(a) the actual date an Employee resigns, is discharged, retires or dies, or (b) the first anniversary of the date an Employee’s Leave of Absence commences (whether or not such Employee is entitled to compensation for such period). (p)
Deferred Compensation Plan. The Tesoro Corporation Executive Deferred Compensation Plan, executed on November 2, 2006 to be effective January 1, 2007, as may be amended from time to time. (q) Disability. A physical or mental condition
that renders the Participant incapable of performing the work for which he was employed or similar work, as evidenced by eligibility for and receipt of Social Security disability benefits or, if applicable, disability benefits under the
Employer’s long-term disability plan with respect to which the Participant is eligible to participate. (q)(A) Discretionary True-Up Matching Contributions. Contributions that may, at the election of the
Company, be made by an Employer for any Plan Year to make up for any deficit resulting from the allocation of Safe Harbor Matching Contributions and Company Matching Contributions during the Plan Year. (r) Effective Date. January 1, 2014,
except as otherwise specifically noted herein. (s) Employee. Any person who is receiving remuneration for personal services rendered to an Employer, or who would be receiving such remuneration except for an authorized Leave of Absence,
including an individual who is receiving differential wage payments from an Employer while on leave for Qualified Military Service, and who is classified by the Employer on its books and records as a
common-law employee. The Employer’s classification of a person shall be conclusive for all purposes of determining whether such person is an Employee for purposes of the Plan, and shall not be affected by
the classification or reclassification of such person for tax or other purposes. The term “Employee” shall also include any “leased employee”, as such term is defined below, deemed to be an employee of the Employer or any
Affiliate, as provided in Sections 414(n) or (o) of the Code. The term “leased employee” means any person (other than an employee of the recipient) who pursuant to an agreement between the recipient and any other person (“leasing
organization”) has performed services for the recipient (or for the recipient and related persons determined in accordance with Section 414(n)(6) of the Code) on a substantially full time basis for a period of at least one year, and such
services 

 

 
 are performed under the primary direction or control of the recipient. Contributions or benefits provided a leased employee by the
leasing organization that are attributable to services performed for the recipient shall be treated as provided by the recipient. A leased employee shall not be considered an Employee of the recipient if: (i) such individual is covered by a
money purchase pension plan providing (1) a nonintegrated employer contribution rate of at least ten percent (10%) of compensation, as defined in Section 415(c)(3) of the Code, but including amounts contributed pursuant to a salary
reduction agreement that are excludable from the employee’s gross income under Sections 125, 402(e)(3), 402(h)(1)(B), and 132(f)(4) of the Code, (2) immediate participation, and (3) full and immediate vesting; and (ii) leased
employees do not constitute more than twenty percent (20%) of the recipient’s nonhighly compensated work force. (t) Employee Contributions. Contributions made to the Plan by the Employer, at the election of a Participant, on an after-tax basis, in lieu of cash compensation, pursuant to a salary reduction agreement, as provided in Section 4.3 hereof. (u) Employee Contribution Account. A separate subaccount to which is credited a
Participant’s Employee Contributions, if any, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. (v) Employer. The Company and each Affiliate participating
in the Plan on the Effective Date, together with such other organizations as may be designated by the Company, or its authorized delegate, in accordance with Article XVII, and their successor or successors. (w) Employment Commencement Date. The
date on which an Employee first completes an Hour of Service for the Employer (or, as appropriate, the first day upon which an Employee performs an Hour of Service following a Break in Service). (x) ERISA. The Employee Retirement Income Security Act
of 1974, as amended. (y) ESOP Transfer Account. A separate subaccount to which is credited contributions, if any, made prior to September 10, 1996 on behalf of a Participant under the Tesoro Petroleum Corporation Employee Stock Ownership
Plan, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. (z) Fund or Trust Fund. All assets of whatsoever kind or nature held from time to time by the Trustee in
the Trust or Trusts forming a part of this Plan, without distinction as to income and principal and without regard to source, i.e., allocations, Employer or Employee contributions, earnings, or forfeitures. (aa) RESERVED. 

 

 
 (bb) Highly Compensated Employee. The term Highly Compensated Employee includes highly compensated active Employees and highly
compensated former Employees. A highly compensated active Employee includes any Employee who performs Service for an Employer during the determination year and who, during the look-back year, received compensation from an Employer in excess of
$100,000 (as adjusted pursuant to Section 415(d) of the Code) and who was in the top-paid group (as determined in accordance with Section 414(q)(3) of the Code) of Employees for such look-back year.
The term Highly Compensated Employee also includes Employees who are Five Percent (5%) Owners (as defined in Section 15.1(g) hereof) at any time during the look-back year or determination year. For purposes of this Section 2.1(bb), the
determination year shall be the Plan Year. The look-back year shall be the twelve-month period immediately preceding the determination year. For purposes of this Section 2.1(bb), the term “compensation” shall have the same meaning as
“compensation” as defined in Section 6.7(b) hereof. A highly compensated former Employee includes any Employee who separated from Service (or was deemed to have separated from Service) prior to the determination year, performs no
Service for an Employer during the determination year, and was a highly compensated active Employee for either the separation year or any determination year ending on or after the Employee’s 55th birthday. The determination of the identity of
Highly Compensated Employees will be made in accordance with Section 414(q) of the Code and the regulations thereunder.. (cc) Hour of Service. An Hour of Service shall include each hour for which an Employee is directly or indirectly paid or
entitled to payment by an Employer or an Affiliate for the performance of duties. An Hour of Service shall also include all hours for which an Employee is paid or entitled to payment by an Employer or an Affiliate, whether worked or not, plus
Service credit on account of periods of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military
duty or Leave of Absence; excluding, however, each hour for which an Employee is so paid if such payment is solely to reimburse the Employee for medical or medically-related expenses incurred by the Employee, or is made or due under a plan
maintained solely for the purpose of complying with applicable workmen’s compensation, or unemployment compensation or disability insurance laws. A payment shall be deemed to be made by or due from an Employer or an Affiliate for this purpose
regardless of whether such payment is made by or due from an Employer or an Affiliate directly, or indirectly through, among others, a trust fund, or insurer, to which an Employer or Affiliate contributes or pays premiums and regardless of whether
contributions made or due to the trust fund, insurer or other entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate. In no event shall credit for the number of Hours of Service attributable to a
single continuous period for which no duties are performed exceed 501. These hours must be credited to Employees in the Plan Year during which the duties were performed and not when paid, if different; provided, however, that Hours of Service
credited to an Employee for a period that extends into two Plan Years will be credited entirely to the Plan Year in which such period ends. Credit shall also be given 

 

 
 for each hour for which back pay, irrespective of mitigation of damages, has been awarded or agreed to by an Employer. These hours must
be credited in the Plan Year or Years to which the award or agreement pertains rather than that in which the payment, award or agreement was made. (dd) Individual Account. The account or record maintained by the Committee showing the monetary value
of the individual interest in the Trust Fund of each Participant, former Participant and Beneficiary. (ee) Investment Managers. The qualified and acting “investment managers,” as defined in ERISA, who may be appointed by the Committee to
invest and manage Plan assets as fiduciaries. (ff) LAR Participant. A Participant who (i) prior to May 11, 2007, was employed by Shell Oil Company, (ii) as of May 11, 2007, had completed six (6) or more years of employment
as recognized by Shell Oil Company, (iii) commenced participation in the Prior Plan on May 11, 2007 or subsequent to that date following a return from an approved leave of absence, and (iv) either as of May 11, 2007, or
subsequent to that date, has, in the aggregate, completed a number of Years of Service, including service as an employee of Shell Oil Company, that equals or exceeds nine (9). (gg) Leave of Absence. Any period during which an Employee is not
performing services for an Employer for a reason that the Employer shall consider not to constitute a termination of employment. A Leave of Absence shall be granted in accordance with an Employer’s rules or practices applied to the granting of
Leaves of Absence for purposes of the administration of this Plan and shall not apply for any other purpose. The employment of any Employee who does not return to the employ of his Employer within a reasonable time after a Leave of Absence,
including any extension thereof, shall be deemed to have terminated for purposes of this Plan in the Plan Year in which the Employee failed to return. Any period required by law to be counted as Service (e.g., certain military service) shall be
deemed to be a Leave of Absence in accordance with such rules as may be adopted by the Committee. (hh) Named Fiduciary. The Committee shall be the “named fiduciary,” as that term is defined under Section 402(a)(2) of ERISA, designated
to manage the operation and administration of the Plan. (ii) Nonelective Contribution. Contributions that may, at the election of the Company, be made to the Plan on behalf of SARC Participants, SARC Union Participants and LAR Participants, as
provided in Section 4.6 hereof. (jj) Nonelective Contribution Account. A separate subaccount to which is credited Nonelective Contributions and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment
losses attributable thereto. (kk) Normal Retirement Date. The later of the date on which the Participant attains age sixty-five (65) or completes one (1) Year of Service. 

 

 
 (ll) Participant. An Employee who has met the eligibility requirements for participation in this Plan, as set forth in Article III
hereof. (mm) Period of Severance. A continuous period of time beginning on a Participant’s Date of Termination during which he does not complete an Hour of Service. (nn) Plan. Tesoro Corporation Thrift Plan, as amended from time to time.
(oo) Plan Administrator. Such person or persons as designated by the Company, which shall be the Committee unless and until it designates such other person or persons. (pp) Plan Year. The annual period beginning January 1st and ending
December 31 st, both dates inclusive of each period. (qq) Prior Plan. The Tesoro Corporation Thrift Plan, as amended and restated January 1, 2008, and subsequently amended from time to time. (qq)-l
Profit Sharing Contributions. Contributions that may, at the election of the board of directors of the Company, be made to the Plan, as provided in Section 4.13 hereof. (qq)-2 Profit Sharing Contribution
Account. A separate subaccount to which is credited Profit Sharing Contributions, if any, made on behalf of a Participant and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable
thereto. (qq)-3 Qualified Military Service. Service in the uniformed services (as defined in chapter 43 of title 38, United States Code) by any individual if such individual has reemployment rights under such
chapter with respect to such service. (rr) Qualified Nonelective Contributions. Contributions that may, in the discretion of the Company, be made to the Plan by an Employer as provided in Section 4.7 in an amount necessary to assure the
Plan’s compliance with the deferral percentage test described in Section 4.9 hereof or the contribution percentage test described in Section 4.10 hereof. (ss) Retirement. Termination of employment with all Employers following the
Participant’s Normal Retirement Date. Retirement shall be considered as beginning on the day immediately following a Participant’s last day of employment. (tt) Rollover Contributions. Contributions that may be made to the Plan by a
Participant or Employee, as provided in Section 4.11 hereof. (uu) Rollover Contribution Account. A separate subaccount to which is credited a Participant’s or Employee’s Rollover Contributions, if any, and any earnings attributable
thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. 

 

 
 (uu)-l Roth Contributions. Salary Reduction Contributions to the Plan that the Participant has
designated as being made on an after-tax basis, as provided in Section 4.12 hereof.” (uu)-2 Roth Contribution Account. A separate subaccount to which is
credited a Participant’s Roth Contributions and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. (vv) Safe Harbor Matching Contributions. Contributions made by an
Employer for any payroll period for purposes of satisfying the safe harbor for nondiscrimination testing under Section 401(k)(12) of the Code. Safe Harbor Matching Contributions are made only on behalf of a Participant who has satisfied the
minimum age and service requirements prescribed under Code Section 410(a)(1)(A) on account of such Participant’s Salary Reduction Contributions, Roth Contributions and, if applicable, Catch-Up
Contributions made to the Plan for such payroll period. (ww) Salary Reduction Contributions. Contributions made to the Plan by the Employer, at the election or deemed election of a Participant, in lieu of cash compensation, as provided in
Section 4.1 hereof. (xx) Salary Reduction Contribution Account. A separate subaccount to which is credited a Participant’s Salary Reduction Contributions, Catch-Up Contributions, and Qualified
Nonelective Contributions, if any, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. (yy) SARC Participant. A Participant who (i) prior to August 1, 1998,
was employed by Shell Anacortes Refining Company, (ii) as of August 1, 1998, had completed five (5) or more years of employment with Shell, (iii) commenced participation in the Prior Plan on August 1, 1998, or subsequent to
that date following a return from an approved leave of absence, and (iv) either as of August 1, 1998, or subsequent to that date has, in the aggregate, completed a number of Years of Service, including years of vesting service credited by
Shell, that equals or exceeds nine (9). (zz) SARC Union Participant. A SARC Participant whose terms of employment are governed by the collective bargaining agreement between the Company and the Local 8-591 of
the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union. (aaa) Service. The period or periods of an Employee’s employment used in determining eligibility for Plan
participation or in determining the amount of benefits to which an Employee is entitled hereunder. If an Employer is a member of a controlled group of corporations (as defined in Section 414(b) of the Code), is one of a group of trades or
businesses (whether or not incorporated) that are under common control (as defined in Section 414(c) of the Code), is a member of an affiliated service group (as defined in Section 414(m) of the Code) or is otherwise required to be
aggregated with any entity pursuant to Section 414(o) of the Code and the regulations issued thereunder, then Service shall include any employment with any Affiliate of such Employer. Each Participant shall receive credit for Service while
employed with a predecessor of an Employer hereunder, whether such predecessor was a corporation, partnership, sole proprietorship or other business entity. A 

 

 
 predecessor shall include any business entity whose capital stock or assets were acquired by any Employer participating in this Plan.
(bbb) Trust. Tesoro Corporation Savings Plan Master Trust, which is administered pursuant to the terms of the Tesoro Corporation Savings Plan Master Trust Agreement, as it may be amended from time to time, or such other trust or trusts established
to hold and invest contributions made under the Plan for the exclusive benefit of the Participants and former Participants included in the Plan from which the benefits will be distributed. (ccc) Trustee. The qualified and acting trustee or
trustees under the Trust who shall be designated to operate and administer the Trust Fund and, except to the extent an Investment Manager has been appointed, to invest and manage the Plan assets. (ccc)-l
Unscheduled Overtime.All of an Employee’s overtime that is not part of the Employee’s regular work schedule. (ddd) Valuation Date. Each day on which the financial markets are open for trading activity, except to the extent otherwise
required with respect to an investment fund in which the Committee has authorized the investment of Individual Accounts hereunder, as provided in Section 13.5 hereof, or, if applicable, as otherwise required by an Investment Manager, but only
with respect to the assets delegated by the Committee for investment by such Investment Manager. (eee) Year of Service. A Year of Service shall be based upon an Employee’s entire period of Service, irrespective of the number of hours actually
worked during such period. A Year of Service shall be credited for each 12-month period, which need not be consecutive, beginning with the Employee’s Employment Commencement Date, subject to the following
provisions: (i) Prior to the Effective Date, Years of Service shall be computed and counted pursuant to the provisions of the Prior Plan in effect on the day before the Effective Date. (ii) A Participant shall receive credit for Years of
Service incurred while employed with a predecessor of the Employer hereunder, whether such predecessor was a corporation, partnership, sole proprietorship or other business entity, only as specified in an acquisition agreement relating to such
predecessor. (iii) Any employee of USA Petroleum (or its affiliates) hired by an Employer on May 1, 2007 (the “USA Petroleum Date”) or subsequent to that date following a return from an approved leave of absence, as part of the
acquisition of substantially all of the assets of USA Petroleum shall also be granted Years of Service for the period such employee was granted such service credit by USA Petroleum (or its affiliates). (iv) Any employee of Shell Oil Company hired by
an Employer on May 11, 2007, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition of substantially all of the assets 

 

 
 associated with the Shell Los Angeles Refinery shall also be granted Years of Service for the period such employee was granted such
service by Shell Oil Company. (v) Effective June 1, 2013, any employee of British Petroleum (or its affiliates) hired by an Employer on June 1, 2013, or subsequent to that date following a return from an approved leave of absence, as
part of the acquisition by the Company of British Petroleum’s fully integrated Southern California Refining and Marketing Business, shall also be granted Years of Service for the period such employee was granted such service credit by British
Petroleum (or its affiliates). (vi) Effective June 19, 2013, any employee of Chevron (or its affiliates) hired by an Employer on June 19, 2013, or subsequent to that date following a return from an approved leave of absence, as part of the
acquisition by Tesoro Logistics LP from Chevron Pipe Line Co. and Northwest Terminalling Co. of the Northwest Product Pipeline and Terminal System, shall also be granted Years of Service for the period such employee was granted such service credit
by Chevron (or its affiliates). (vii) In the case of a Participant who has five (5) or more consecutive Breaks in Service, all Years of Service incurred after such Breaks in Service will be disregarded for purposes of measuring Years of Service
before such Breaks in Service. (viii) If a Participant who does not have any nonforfeitable right to his Individual Account incurs a period of five (5) consecutive Breaks in Service, then all of his prior Years of Service incurred before
such Breaks in Service will be disregarded for purposes of measuring Years of Service after such Breaks in Service and shall no longer be credited to him. 2.2 Construction. The masculine gender, where appearing in the Plan, shall be deemed to
include the feminine gender, unless the context clearly indicates to the contrary. The words “hereof,” “herein,” “hereunder,” and other similar compounds of the word “here” shall mean and refer to the entire
Plan, not to any particular provision or section. The Plan and Trust shall each form a part of the other by reference and terms shall be used therein interchangeably. ARTICLE III ELIGIBILITY AND PARTICIPATION 3.1 Eligibility Requirements. Every
Employee who, as of the Effective Date hereof, is a Participant in the Plan shall continue to be a Participant in this Plan. Every other Employee who is not a Participant shall become a Participant in the Plan as of such Employee’s Employment
Commencement Date. Notwithstanding the foregoing, an Employee shall only be eligible to participate in the Plan for purposes of Section 4.4 hereof upon the Employee’s completion of a Year of Service. In addition to the foregoing, the
following groups will not be eligible to participate in the Plan for any purpose: (a) Employees who are eligible to participate in the Tesoro Corporation Retail Savings Plan, as amended and restated effective January 1, 2014, and as may be
subsequently amended from time to time; (b) Employees included in a unit 

 

 
 of employees covered by a collective bargaining agreement between employee representatives and an Employer, if retirement benefits were
the subject of good faith bargaining between such employee representatives and the Employer, unless such collective bargaining agreement expressly provides, or has been deemed to provide, for the inclusion of such Employee under the Plan; (c) non-resident aliens who receive no earned income from an Employer that constitutes income from sources within the United States; (d) leased employees (as defined in Section 2.1(s) hereof); and
(e) an individual who is not classified as an Employee on an Employer’s books and records (such as a person who as a matter of practice is classified by the Employer as an independent contractor or a contingent worker employed by another
entity, but who is later determined to be an Employee as a matter of fact) shall not be an eligible Employee during any part of a Plan Year in which such person was not classified as an Employee on the Employer’s books and records, despite any
classification or reclassification of such person for tax or other purposes. 3.2 Notification of Eligibility. The Committee shall promptly notify each Employee of his qualification as a Participant and shall furnish each Employee a copy of such
explanation of the Plan as the Committee shall provide for that purpose. 3.3 Re-entry of Prior Participants. (a) An Employee who terminates employment after becoming a Participant hereunder shall be
eligible to participate immediately upon his completion of one Hour of Service following his reemployment by an Employer; provided, however, that for purposes of Section 4.4, such Employee shall be eligible to participate in the Plan
immediately upon his completion of one Hour of Service following his reemployment by an Employer or, if later, on the January 1 or July 1 on which he would otherwise have become a Participant. (b) In the event a Participant becomes
ineligible to participate because he is no longer a member of an eligible class of Employees, such Employee shall participate immediately upon his return to an eligible class of Employees. In the event an Employee who is not a member of an eligible
class of Employees becomes a member of an eligible class, such Employee shall participate immediately if he has satisfied the requirements of Section 3.1 and would have previously become a Participant had he been a member of an eligible class.
ARTICLE IV CONTRIBUTIONS 4.1 Salary Reduction Contributions. Each Participant may elect with respect to any payroll period to have contributed on his behalf to the Trust Fund, on a pre-tax basis, any whole
percentage of his Annual Compensation (other than regular bonus compensation) that, when aggregated with Employee Contributions made at the election of the Participant with respect to such period, does not exceed fifty percent (50%) of that portion
of such Annual Compensation paid during such payroll period. Notwithstanding the foregoing, the Committee may, in its sole and absolute discretion, permit each Participant, at the time and in the manner determined by the Committee, to make a special
election to have contributed on his behalf to the Trust Fund, on a pre-tax basis, any whole percentage (not to exceed fifty percent (50%)) of his regular bonus compensation paid during the Plan Year. Except as
otherwise permitted under Section 4.2, the 

 

 
 amount of Annual Compensation elected to be contributed to the Trust Fund on the Participant’s behalf as a Salary Reduction
Contribution (together with the amount of Salary Reduction Contributions designated as Roth Contributions pursuant to Section 4.12) may not exceed the applicable dollar amount for such Plan Year, as provided in Section 402(g) of the Code
($17,500 for the Participant’s taxable year beginning in 2014), adjusted for taxable years of the Participant beginning after December 31, 2014 for increases in the cost of living as provided in Section 402(g)(4) of the Code. Salary
Reduction Contributions shall be made pursuant to a salary reduction election in accordance with Section 5.3 hereof. Salary Reduction Contributions are at all times one hundred percent (100%) vested and nonforfeitable. Salary Reduction
Contributions made on behalf of a Participant shall be added to the Trust Fund as soon as practicable after deduction from a Participant’s paycheck and shall be credited to the Salary Reduction Contribution Account of the Participant, as
provided in Section 6.1 hereof. 4.2 Catch-Up Contributions. Each Participant who is eligible to make Salary Reduction Contributions under this Plan, who has or would have attained age fifty
(50) prior to the close of the Participant’s taxable year, and who elects to make Salary Reduction Contributions and, if applicable, Roth Contributions that, when aggregated, exceed the applicable dollar amount for such Plan Year, as
provided in Section 402(g) of the Code, shall be deemed to have made Catch-Up Contributions to the Plan. Notwithstanding any provision herein to the contrary, any additional percentage of Annual
Compensation elected to be contributed to the Trust Fund on the Participant’s behalf in accordance with this Section 4.2 may not exceed the applicable dollar amount for such Plan Year, as provided in Section 414(v) of the Code ($5,500
for the Participant’s taxable year beginning in 2014). Catch-Up Contributions are at all times one hundred percent (100%) vested and nonforfeitable. Catch-Up
Contributions made on behalf of a Participant shall be added to the Trust Fund as soon as practicable after deduction from a Participant’s paycheck and shall be credited to the Salary Reduction Contribution Account of the Participant, as
provided in Section 6.1 hereof. 4.3 Employee Contributions. Each Participant (other than a Participant who is a Highly Compensated Employee eligible to participate in the Deferred Compensation Plan) may elect with respect to any payroll period
to have contributed on his behalf to the Trust Fund, on an after-tax basis, any whole percentage of his Annual Compensation (other than regular bonus compensation) that, when aggregated with Salary Reduction
Contributions made at the election of the Participant with respect to such period, does not exceed fifty percent (50%) of that portion of his Annual Compensation paid during such payroll period. Employee Contributions shall be made pursuant to a
salary reduction election in accordance with Section 5.3 hereof. Employee Contributions made on behalf of a Participant shall be added to the Trust Fund as soon as practicable after deduction from a Participant’s paycheck and shall be
credited to the Employee Contribution Account of the Participant, as provided in Section 6.1 hereof. 4.4 Safe Harbor Matching Contributions. Each Employer shall, for each payroll period, contribute to the Trust Fund such Safe Harbor Matching
Contributions as the Company shall determine. The Safe Harbor Matching Contribution shall be made for the purpose of satisfying the safe harbor for nondiscrimination testing under Section 401(k)(12) of the Code. The amount of the Safe Harbor
Matching Contribution shall be determined in the sole and absolute discretion of the Company, subject to the following requirements: (a) Safe Harbor Matching Contributions shall, in the aggregate, be equal to at least one hundred percent (100%)
of each eligible Participant’s Salary Reduction 

 

 
 Contributions, Roth Contributions and, if applicable, Catch-Up Contributions that do not exceed
six percent (6%) of that portion of the Participant’s Annual Compensation paid during such payroll period, provided that notwithstanding the foregoing, no Safe Harbor Matching Contribution shall be made with respect to Salary Reduction
Contributions or Roth Contributions attributable to bonuses; (b) The rate of Safe Harbor Matching Contributions shall not increase as the rate of Salary Reduction Contributions, Roth Contributions and
Catch-Up Contributions increases; and (c) For any rate of Salary Reduction Contributions, Roth Contributions or Catch-Up Contributions, the rate of Safe Harbor
Matching Contributions that would apply with respect to any Highly Compensated Employee shall not be greater than the rate of Safe Harbor Matching Contributions that would apply with respect to any Non- Highly
Compensated Employee who has the same rate of Salary Reduction Contributions, Roth Contributions and Catch-Up Contributions. Safe Harbor Matching Contributions are at all times one hundred percent (100%)
vested and nonforfeitable. Safe Harbor Matching Contributions shall be added to and become part of the Trust Fund as soon as practicable after deduction of the applicable Salary Reduction Contributions, Roth Contributions and, if applicable, Catch-Up Contributions from a Participant’s paycheck and shall be credited to the Company Matching Contribution Account of each eligible Participant who has elected to have Salary Reduction Contributions, Roth
Contributions and, if applicable, Catch-Up Contributions made to the Trust Fund on his behalf during the applicable period, as provided in Section 6.2 hereof.” 4.5 Company Matching Contributions.
Each Employer shall, for each payroll period, contribute to the Trust Fund a Company Matching Contribution equal, in the aggregate, to at least one hundred percent (100%) of each eligible Participant’s Salary Reduction Contributions and, if
applicable, Catch-Up Contributions that do not exceed six percent (6%) of that portion of the Participant’s Annual Compensation paid during such payroll period. Notwithstanding the foregoing, no Company
Matching Contribution shall be made with respect to Salary Reduction Contributions attributable to bonuses or unscheduled overtime. Company Matching Contributions shall be added to and become part of the Trust Fund as soon as practicable after
deduction of the applicable Salary Reduction Contributions and, if applicable, Catch-Up Contributions from a Participant’s paycheck and shall be credited to the Company Matching Contribution Account of
each eligible Participant who has elected to have Salary Reduction Contributions and, if applicable, Catch-Up Contributions made to the Trust Fund on his behalf during the applicable period, as provided in
Section 6.3 hereof. 4.5A Discretionary True-Up Matching Contributions. Each Employer shall contribute to the Trust Fund such Discretionary True-Up Matching
Contributions, if any, as the Company shall determine. The amount of the Discretionary True-Up Matching Contribution for each Participant shall be equal to the difference between the amount of the Safe Harbor
Company Matching Contributions and Company Matching Contributions that would have been allocated to the Participant’s Company Matching Contribution Account taking into account the Participant’s Salary Reduction Contributions for the
applicable Plan Year reduced by the aggregate Safe Harbor Company Matching Contributions and Company Matching Contributions allocated on behalf of such Participant during the Plan Year. Discretionary True-Up
Matching Contributions shall be allocated for tax purposes as of the last day of the applicable Plan Year to the Company Matching Contribution Account of each such Participant. Discretionary True-Up Matching
Contributions 

 

 
 shall be added to and become a part of the Trust Fund no later than the due date (including extensions) of the Company’s income tax
return for the taxable year with respect to which the Discretionary True-Up Matching Contributions are made. 4.6 Nonelective Contributions. There shall be no nonelective contributions made under the Plan. 4.7
Qualified Nonelective Contributions. Each Employer shall, for each Plan Year, contribute to the Trust Fund such Qualified Nonelective Contributions, if any, as determined by the Company, in its sole and absolute discretion. Qualified Nonelective
Contributions are at all times one hundred percent (100%) vested and nonforfeitable. Qualified Nonelective Contributions shall be added to and become a part of the Trust Fund no later than the due date (including extensions) of the Company’s
income tax return for the taxable year with respect to which the Qualified Nonelective Contributions are made, and shall be credited to the Salary Reduction Contribution Account of each eligible Participant, as provided in Section 6.5 hereof.
4.8 Reduction of Excess Deferrals. If a Participant’s Salary Reduction Contributions and Roth Contributions hereunder should, when aggregated, exceed the applicable dollar amount as set forth in Section 402(g) of the Code ($17,500 for the
Participant’s taxable year beginning in 2014, adjusted for taxable years of the Participant beginning after December 31, 2014 for increases in the cost of living, as set forth in Section 402(g)(4) of the Code), the excess (with
earnings thereon, including allocable gain or loss for the period after the close of the taxable year and prior to the distribution) shall be distributed to the Participant. Any distribution under this Section 4.8 shall be made to the
Participant no later than the April 15th immediately following the close of the Participant’s taxable year with respect to which such excess deferrals were made. If the Participant also participates in another elective deferral program (within
the meaning of Section 402(g)(3) of the Code) and if, when aggregating his elective deferrals under all such programs, an excess deferral arises under Section 402(g) of the Code with respect to such Participant, the Participant shall, no
later than March 1st following the close of the Participant’s taxable year, notify the Committee as to the portion of such excess deferrals to be allocated to this Plan and such excess so allocated to this Plan (with earnings thereon, including
allocable gain or loss for the period after the close of the taxable year and prior to the distribution) shall be distributed to the Participant in accordance with this Section 4.8. For purposes of this Section 4.8, a Participant’s
excess deferrals shall be comprised, first, of Salary Reduction Contributions and, then, of Roth Contributions made with respect to the applicable Plan Year. In the event there is a loss allocable to an excess deferral, any distribution to a
Participant under this Section 4.8 shall be no greater than the lesser of: (i) the value of the Participant’s Salary Reduction Contribution Account (without regard to Catch-Up Contributions) and
the Participant’s Roth Contribution Account or (ii) the Participant’s excess deferrals for the taxable year. 4.9 Deferral Percentage Test. The Company has elected to apply the rules of Section 410(b)(4) of the Code to treat the
Plan as two separate plans for purposes of Section 410(b) of the Code, and to apply the safe harbor requirements of Section 401(k)(12) of the Code to the group of Participants who have satisfied the minimum age and service requirements of
Section 410(a)(1)(A) of the Code and to have the requirements of this Section 4.9 apply to the group of Participants who have not satisfied the minimum age and service requirements of Section 

 

 
 410(a)(1)(A) of the Code. Accordingly, this Section 4.9 shall apply only with respect to Salary Reduction Contributions made during
any Plan Year by a Participant with respect to whom a Safe Harbor Matching Contribution has not been made. (a) Determination of Deferral Percentages. As soon as administratively feasible after the end of each Plan Year, the Committee shall
determine: (i) Deferral Percentage. The ‘deferral percentage’ for each Participant who is then eligible for Salary Reduction Contributions, which shall be the ratio of the amount of such Participant’s Salary Reduction
Contributions and Roth Contributions for such Plan Year to the Participant’s compensation for such Plan Year. For purposes of this Section 4.9, the term ‘compensation’ shall have the same meaning as compensation under
Section 2.1(bb) hereof. (ii) Highly Compensated Deferral Percentage. The ‘highly compensated deferral percentage’ shall be the average of the ‘deferral percentages’ for all Participants then eligible for Salary
Reduction Contributions who are Highly Compensated Employees. (iii) Nonhighly Compensated Deferral Percentage. The ‘nonhighly compensated deferral percentage’ shall be the average of the ‘deferral percentages’ for all
Participants then eligible for Salary Reduction Contributions who were not included in the ‘highly compensated deferral percentage’ described in paragraph (ii) above. If a Participant who is a Highly Compensated Employee participates
in two (2) or more plans maintained by an Employer or any Affiliate that are subject to the deferral percentage test, then such Participant’s deferral percentage shall be determined by aggregating his participation in all such plans. In
addition, if an Employer maintains two (2) or more plans subject to the deferral percentage test and such plans are treated as a single plan for purposes of the requirements for qualified plans under either Section 410(b) or 401(a)(4) of
the Code, then such plans are treated as a single plan for purposes of the deferral percentage test.For purposes of implementing the deferral percentage test, Catch-Up Contributions made under Section 4.2
hereof shall be disregarded. (b) Limitation on Highly Compensated Deferral Percentage. In no event shall the ‘highly compensated deferral percentage’ exceed the greater of: (1) a deferral percentage equal to one and one-fourth (P/4) times the ‘nonhighly compensated deferral percentage’ or (2) a deferral percentage equal to two (2) times the ‘nonhighly compensated deferral percentage,’ but not more
than two (2) percentage points greater than the ‘nonhighly compensated deferral percentage.’ (c) Application of Qualified Nonelective Contributions. If the deferral percentage test would be violated as of the end of the Plan Year,
then, subject to satisfaction of the conditions described in Section 1.401(k)-2(a)(6) of the Treasury Regulations, the ‘deferral percentage,’ as defined in (a)(i) above, shall instead be the
ratio of the sum of the Participant’s Salary Reduction Contributions and Roth Contributions, 

 

 
 plus Qualified Nonelective Contributions, if any, and, to the extent necessary to satisfy the deferral percentage test, Company Matching
Contributions and Discretionary True- Up Matching Contributions for such Plan Year to the Participant’s compensation for such Plan Year, as defined in subparagraph (a)(i) hereof. Any Company Matching Contributions and Discretionary True-Up Matching Contributions so utilized to satisfy the deferral percentage test shall at all times be one hundred percent (100%) vested and nonforfeitable and shall be excluded from consideration for purposes of
the contribution percentage test described in Section 4.10 hereof. (d) Distribution of Excess Contributions. If, after consideration of Qualified Nonelective Contributions, if any, and applicable Company Matching Contributions and
Discretionary True-Up Matching Contributions, if any, as provided in accordance with subsection (c) above, the deferral percentage test would still be violated as of the end of the Plan Year, then
notwithstanding any other provision hereof, every Salary Reduction Contribution and Roth Contribution included in the ‘highly compensated deferral percentage’ for a Participant whose deferral percentage is greater than the permitted
maximum shall be revoked to the extent necessary to comply with such deferral percentage test and the amount of such Salary Reduction Contribution or, if applicable, Roth Contribution, to the extent revoked, shall constitute an ‘excess
contribution’ to be distributed (with earnings thereon) no later than the last day of the Plan Year following the Plan Year with respect to which such contribution was made. Excess contributions are allocated to the Participants who are Highly
Compensated Employees with the largest amounts of Salary Reduction Contributions and Roth Contributions taken into account in calculating the deferral percentage test for the Plan Year in which the excess arose, beginning with the Participant who is
a Highly Compensated Employee with the largest amount of such Salary Reduction Contributions and Roth Contributions and continuing in descending order until all excess contributions have been allocated. For purposes of the preceding sentence, the
‘largest’ amount is determined after distribution of any amounts distributed pursuant to Section 4.8 hereof. A distribution of an excess contribution shall include the allocable gain or loss (‘income’) for the Plan Year in
which the excess contribution arose, but shall not include the allocable income for the period following the Plan Year in which the excess contribution arose and ending on the date of distribution (the ‘gap period’). In the event there is
a loss allocable to an excess contribution, any distribution to a Participant as required by this Section shall be no greater than the lesser of: (a) the value of the Participant’s Salary Reduction Contribution Account (without regard to Catch-Up Contributions) and Roth Contribution Account or (b) the Participant’s excess contribution for the Plan Year. If an excess contribution is distributed to a Participant in accordance with the
foregoing, any Company Matching Contribution and Discretionary True-Up Matching Contribution relating to such excess contribution shall be forfeited and then applied as described in Section 6.6 hereof and
shall not be taken into account in determining the Participant’s contribution percentage under Section 4.10 hereof. For purposes of this subsection (d), the excess contribution shall be comprised, first, of Salary Reduction Contributions
and, then, of Roth Contributions made with respect to the applicable Plan Year.” 4.10 Contribution Percentage Test. This Section 4.10 shall apply for any Plan Year in which Company Matching Contributions, Safe Harbor Contributions,
Discretionary True-Up Contributions and Employee Contributions are made on behalf of any Participant. 

 

 
 (a) Determination of Contribution Percentages. As soon as administratively feasible after each Plan Year, the Committee shall determine:
(i) Contribution Percentage. The “contribution percentage” for each Participant who is then eligible to receive Company Matching Contributions, Safe Harbor Matching Contributions or Discretionary
True-Up Matching Contributions, or to make Employee Contributions, which shall be the ratio of the amount of such Participant’s Company Matching Contributions, Safe Harbor Matching Contributions,
Discretionary True-Up Matching Contributions and Employee Contributions for such Plan Year to the Participant’s compensation for such Plan Year. For purposes of this Section 4.10, the term
“compensation” shall have the same meaning as compensation under Section 2.1(bb) hereof.” (ii) Highly Compensated Contribution Percentage. The “highly compensated contribution percentage” shall be the average of the
“contribution percentages” for all Participants then eligible to receive Company Matching Contributions, Safe Harbor Matching Contributions or Discretionary True-Up Matching Contributions, or to make
Employee Contributions, who are Highly Compensated Employees. (iii) Nonhighly Compensated Contribution Percentage. The “nonhighly compensated contribution percentage” shall be the average of the “contribution percentages”
for all Participants then eligible to receive Company Matching Contributions, Safe Harbor Matching Contributions or Discretionary True-Up Matching Contributions, or to make Employee Contributions, who were not
included in the “highly compensated contribution percentage” described in paragraph (ii) above. If a Participant who is a Highly Compensated Employee participates in two (2) or more plans maintained by an Employer or any
Affiliate that are subject to the contribution percentage test, then such Participant’s contribution percentage shall be determined by aggregating his participation in all such plans. In addition, if an Employer maintains two (2) or more
plans subject to the contribution percentage test and such plans are treated as a single plan for purposes of the requirements for qualified plans under Section 410(b) or 401(a)(4) of the Code, then such plans are treated as a single plan for
purposes of the contribution percentage test. If, however, the Company elects to apply Section 410(b)(4)(B) in determining whether the Plan meets the requirements of Section 410(b)(1) of the Code, the Company may, in determining whether
the Plan meets the requirements of this Section 4.10, either elect to (A) exclude from consideration all eligible Participants (other than Participants who are Highly Compensated Employees) who have not met the minimum age and service
requirements of Section 410(a)(1)(A) of the Code or (B) perform the contribution percentage test separately for the group of Participants who have met the minimum age and service requirements of Section 410(a)(1)(A) of the Code and
the group of Participants who have not met the minimum age and service requirements of Section 410(a)(1)(A) of the Code. (b) Limitation on Highly Compensated Contribution Percentage. In no event shall the “highly compensated
contribution percentage” exceed the greater of: (1) a contribution percentage equal to one and one-fourth (11/4) times the “nonhighly 

 

 
 compensated contribution percentage” or (2) a contribution percentage equal to two (2) times the “nonhighly
compensated contribution percentage,” but not more than two (2) percentage points greater than the “nonhighly compensated contribution percentage.” (c) Application of Qualified Nonelective Contributions. If the above contribution
percentage test would otherwise be violated as of the end of the Plan Year, then, subject to satisfaction of the conditions described in Section 1.401(m)-2(a)(6) of the Treasury Regulations, the
‘contribution percentage,’ as defined in (a)(i) above, shall instead be the ratio of the sum of the Participant’s Company Matching Contributions, Safe Harbor Matching Contributions, Discretionary
True-Up Contributions, Employee Contributions and, to the extent necessary to satisfy the contribution percentage test, Salary Reduction Contributions, Roth Contributions and Qualified Nonelective
Contributions, if any, for such Plan Year to the Participant’s compensation for such Plan Year, as defined in subparagraph (a)(i) hereof. Any Salary Reduction Contributions, Roth Contributions or Qualified Nonelective Contributions so utilized
to satisfy the contribution percentage test shall be excluded from consideration for purposes of the deferral percentage test described in Section 4.9. (d) Distribution of Excess Aggregate Contributions. If, after consideration of applicable
Salary Reduction Contributions, Roth Contributions and Qualified Nonelective Contributions, in accordance with subsection (c) above, the contribution percentage test would still be violated as of the end of the Plan Year, then notwithstanding
any other provision hereof, every Employee Contribution and, then, every Discretionary True-Up Matching Contribution and, then every Safe Harbor Matching Contribution and Company Matching Contribution, to the
extent vested, included in the “highly compensated contribution percentage” for a Participant whose contribution percentage is greater than the permitted maximum shall automatically be revoked to the extent necessary to comply with such
contribution percentage test and the amount of such contribution, to the extent revoked, shall constitute an “excess aggregate contribution” to be distributed (with earnings thereon) no later than the last day of the Plan Year following
the Plan Year with respect to which such contribution was made. Excess aggregate contributions are allocated to the Participants who are Highly Compensated Employees with the largest amounts of Company Matching Contributions, Safe Harbor Matching
Contributions, Discretionary True-Up Matching Contributions and Employee Contributions taken into account in calculating the contribution percentage test for the Plan Year in which the excess arose, beginning
with such Participant with the largest amount of such contributions and continuing in descending order until all excess aggregate contributions have been allocated. For purposes of the preceding sentence, the “largest amount” is determined
after first determining distributions of amounts pursuant to Section 4.8 hereof, and then determining excess contributions under Section 4.9. A distribution of an excess aggregate contribution shall include the sum of the allocable gain or
loss (“income”) for the Plan Year in which the excess aggregate contribution arose, but shall not include the allocable income for the period following the Plan Year in which the excess aggregate contribution arose and ending on the date
of distribution (the “gap period”). In the event there is a loss allocable to an excess aggregate contribution, any distribution to a Participant as required by this Section shall be no greater than the lesser of: (a) the value of the
Participant’s Company Matching Contribution Account and Employee Contribution Account or (b) the Participant’s excess aggregate contribution for 

 

 
 the Plan Year. If an excess aggregate contribution is to be distributed to a Participant who does not have a vested interest in his
Company Matching Contribution Account, then the Company Matching Contribution and Discretionary True-Up Matching Contribution relating to such excess aggregate contribution shall instead be forfeited and then
applied as described in Section 6.6 hereof. 4.11 Rollover Contributions. Any Participant who is entitled to receive an ‘eligible rollover distribution’ may, in accordance with procedures approved by the Committee, elect to transfer
directly to the Trustee, as a trustee-to-trustee transfer (a ‘direct rollover’), an amount, in cash, equal to all or a portion of such distribution. Any
Participant who has had distributed to him an amount that qualifies as an ‘eligible rollover distribution’ may, in accordance with procedures approved by the Committee, contribute an amount (a ‘participant rollover’), in cash, to
the Trust Fund equal to all or any portion of such distribution, provided the contribution occurs on or before the 60th day following his receipt of such distribution (or, if such distribution has previously been deposited in an individual
retirement account (as defined in Section 408 of the Code), the contribution occurs on or before the 60th day following his receipt of such distribution from the individual retirement account) or such later date as the Internal Revenue Service
may specify, following a waiver by the Internal Revenue Service of the 60-day period applicable to such contribution. For purposes of this Section 4.11, an ‘eligible rollover distribution’ shall
have the meaning ascribed to it under Section 12.6 but shall not include a Roth IRA described in Section 408A of the Code and shall not include amounts distributed from an arrangement described in clauses (a) or (b) of
Section 12.6 unless the distribution consists solely of assets attributable to an arrangement described in clauses (c), (d), (e) or (f) of Section 12.6 and earnings thereon. Direct rollover contributions and Participant rollover
contributions shall consist of cash only. The Committee shall develop such procedures, and may require such information from a Participant desiring to make such a contribution or direct transfer, as it deems necessary or desirable to determine that
the proposed contribution or transfer will meet the requirements of this Section. Upon approval by the Committee, the amount contributed or transferred shall be deposited in the Trust and shall be credited, as of the Valuation Date coincident with
or next following such contribution or transfer, to a Rollover Contribution Account for the Participant. An Employee in an eligible class to participate in the Plan, whether or not he has satisfied the eligibility conditions of the Plan, as set
forth in Section 3.1 hereof, may make a Rollover Contribution to the Trust Fund to the same extent and in the same manner as a Participant. If such Employee makes a Rollover Contribution to the Trust Fund prior to satisfying the Plan’s
eligibility conditions, the Committee and Trustee shall treat the Employee as a Participant for all purposes of the Plan except for purposes of making contributions under the Plan and sharing in allocations of contributions, until he actually
becomes a Participant. Each Rollover Contribution Account shall be 100% vested and nonforfeitable at all times, and shall share in asset adjustments pursuant to Section 5.2 herein, but shall not share in allocations of contributions. Upon
termination of employment, the total amount of a Participant’s Rollover Contribution Account shall be distributed in accordance with Article XII hereof. 4.12 Roth Contributions. Each Participant may designate all or any portion of the Salary
Reduction Contributions contributed on his behalf to the Trust Fund as having been made 

 

 
 on an after-tax basis, provided that the Participant’s Roth Contributions, when aggregated
with the Participant’s Salary Deferral Contributions not so designated, if any, do not exceed the applicable dollar amount for such Plan Year, as provided in Section 402(g) of the Code ($17,000 for the Participant’s taxable year
beginning in 2014, as adjusted for taxable years of the Participant beginning after December 31, 2014 for increases in the cost of living, as provided in Section 402(g)(4) of the Code). Roth Contributions shall be made pursuant to a salary
reduction election in accordance with Section 5.3 hereof Roth Contributions are at all times one hundred percent (100%) vested and nonforfeitable. Roth Contributions made on behalf of a Participant shall be added to the Trust Fund as soon as
practicable after deduction from a Participant’s paycheck and shall be credited to the Roth Contribution Account of the Participant, as provided in Section 6.1 hereof. 4.13 Profit Sharing Contribution. Each Employer shall, for each of its
taxable years, contribute to the Trust Fund such Profit Sharing Contributions, if any, as the Company shall determine by resolution of its board of directors, or its authorized delegate. The amount of Profit Sharing Contributions, if any, shall be
determined in the sole and absolute discretion of the board of directors of the Company, or its authorized delegate. All Profit Sharing Contributions made by an Employer shall be paid to the Trust Fund no later than the due date (including
extensions) of the Company’s income tax return for the taxable year with respect to which such Profit Sharing Contributions are made, and shall be allocated for tax purposes as of the last day of each Plan Year to the Individual Accounts of the
eligible Participants, as provided in Section 6.8. ARTICLE V ADJUSTMENT OF INDIVIDUAL ACCOUNTS 5.1 Individual Accounts. The Committee shall maintain an Individual Account for each Participant, former Participant and Beneficiary showing the
monetary value of such individual’s interest in the Trust Fund. Each Individual Account shall be composed of a Salary Reduction Contribution Account, to which Salary Reduction Contributions and Catch-Up
Contributions, if any, shall be credited, together with Qualified Nonelective Contributions, Company Matching Contributions and Discretionary True-Up Matching Contributions, if any, utilized to satisfy the
deferral percentage test or the contribution percentage test, as set forth in Sections 4.9 and 4.10 hereof; a Roth Contribution Account, to which Roth Contributions, if any, shall be credited; a Company Matching Contribution Account, to which
Company Matching Contributions, Safe Harbor Matching Contributions and Discretionary True-Up Matching Contributions, if any, shall be credited; an Employee Contribution Account, to which Employee
Contributions, if any, shall be credited; and, effective January 1, 2013, a Profit Sharing Contribution Account, to which Profit Sharing Contributions, if any, shall be credited. If an individual has elected to make a Rollover Contribution,
then his Individual Account shall include a Rollover Contribution Account. An individual on whose behalf contributions were previously made under the Tesoro Petroleum Corporation Employee Stock Ownership Plan shall include an ESOP Transfer Account.
The Individual Account of each SARC Participant, SARC Union Participant and LAR Participant will also include a Nonelective Contribution Account. Such accounts are primarily for accounting purposes and do not require a segregation of the Trust Fund,
except as otherwise provided herein. 

 

 
 5.2 Method of Adjustment. The Committee, or the Trustee or Investment Manager, as directed by the Committee, shall value the assets of
the Trust Fund on each Valuation Date. As of each Valuation Date, before any restoration of accounts as required pursuant to Section 12.3 and before taking into account the contributions of the Employer since the last preceding Valuation Date,
the Committee shall adjust all Individual Accounts as follows: The Committee shall determine the fair market value of each investment in the Trust Fund, including the effect of expenses of administration and other charges against such fund since the
last Valuation Date. The Committee shall then determine the proportion of such fair market value to be credited to each Individual Account by multiplying such fair market value by a fraction, the numerator of which is the value of the Individual
Account and the denominator of which is the aggregate value of all Individual Accounts participating in the investment as shown on its records as of the prior Valuation Date. The Individual Account balances of Participants and former Participants
shall be reduced by any amounts paid to them (including loans) from the investment since the last Valuation Date. The Committee shall then determine the total expenses of administration and other charges against the Trust Fund (other than expenses
and charges taken into account in (a) above) since the last Valuation Date. The Committee shall then determine the proportion of such expenses and charges to be charged against each Individual Account by multiplying the total expenses and
charges by a fraction, the numerator of which is the value of the Individual Account and the denominator of which is the aggregate value of all Individual Accounts participating in the Plan as shown on its records as of the prior Valuation Date. The
Individual Account balances of Participants and former Participants shall be reduced by any amounts paid to them (including loans) from the investment since the last Valuation Date. The Committee shall then adjust the value of each such Individual
Account participating in the Plan by crediting such Individual Account with the difference between (a) and (b) if (a) is larger or charging it with the difference between (a) and (b) if (b) is the larger. Finally, to the extent
applicable, the Committee shall then adjust the value of each Individual Account participating in the Plan by charging the Individual Account with the effect of direct charges incurred by the Participant since the last Valuation Date. Following
adjustment of the Individual Accounts as described above, the Committee shall credit contributions made on behalf of a Participant or former Participant since the prior Valuation Date to the Individual Account of the Participant or former
Participant. 5.3 Salary Reduction Elections. Each Participant who desires to make Salary Reduction Contributions, Roth Contributions or Catch-Up Contributions shall indicate such intent by making a salary
reduction election, which shall be effective as soon as administratively practicable following receipt by the Committee. Such elections shall remain in effect until modified or amended. The Participant’s designation to treat Salary Reduction
Contributions as Roth Contributions is irrevocable at the time of the designation and will apply to those Salary Reduction Contributions made under such designation during the period such designation remains in effect. The Participant may change a
designation to treat Salary Reduction Contributions as Roth Contributions only with respect to future Salary Reduction Contributions. The Committee may, in its sole and absolute discretion, permit each Participant, at the time and 

 

 
 in the manner determined by the Committee, to make a special salary reduction election that applies exclusively to Annual Compensation
that is attributable to bonuses. Salary reduction elections shall constitute a payroll withholding agreement between the Participant and the Employer, and shall constitute an authorization for the reduction in Annual Compensation described above.
The terms of such elections shall evidence the Participant’s intent to have his Employer withhold from his compensation each payroll period or, as applicable, from any bonus, any whole percentage of his Annual Compensation, subject to the
applicable limitations of Article IV. In furtherance of such elections, the Employer will make a contribution to the Trust Fund on behalf of the Participant for each payroll period in an amount equal to the total amount by which the
Participant’s Annual Compensation from the Employer was reduced during such payroll period or, as applicable, from any bonus, pursuant to the salary reduction election. Notwithstanding the above, salary reduction elections shall be governed by
the following general guidelines: A salary reduction election, and any changes to such election, shall be made in the manner determined by the Committee and shall apply to the Participant’s Annual Compensation earned while such election is in
effect. Upon termination of employment, such election will become void. A Participant may revoke his salary reduction election at any time upon advance notice to the Committee, within the time period established by the Committee, and thus
discontinue all future withholding thereafter. Following such a revocation, a Participant may elect to resume withholding effective upon timely receipt by the Committee of such notice. A resumption of withholding following the revocation of a salary
reduction election may be made only upon advance notice to the Committee, within the time period established by the Committee, and in the manner prescribed by the Committee. A Participant may increase the percentage to be withheld from his Annual
Compensation or decrease the percentage to be withheld from his Annual Compensation upon advance notice to the Committee, within the time period established by the Committee, and in the manner prescribed by the Committee, such increase or decrease
to be effective as soon as administratively practicable following timely receipt by the Committee of such notice. An Employer may unilaterally reduce or revoke a salary reduction election of any Participant, at any time, if the Employer determines
that such revocation or amendment is necessary to insure that a Participant’s Annual Additions, as defined in subsection 6.7(b) hereof, for any Plan Year will not exceed the limitations of Article VI or to ensure that the requirements of
Section 401(k) of the Code and Sections 4.1, 4.2 and 4.3 hereof have been satisfied with respect to the amount that may be withheld and contributed on behalf of a Participant. Furthermore, the salary reduction election of a Participant who is a
Highly Compensated Employee shall be automatically revoked, but only to the extent applicable to Employee Contributions, upon such Participant’s eligibility to participate in the Deferred Compensation Plan. 

 

 
 ARTICLE VI ALLOCATIONS 6.1 Salary Reduction Contributions. Roth Contributions. Catch-Up
Contributions. Employee Contributions and Rollover Contributions. Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, and Employee Contributions shall be credited to the Individual
Accounts of Participants and former Participants, as soon as practicable after deduction from the Participant’s compensation, in accordance with each Participant’s or former Participant’s salary reduction election. Rollover
Contributions shall be credited to the Individual Accounts of Participants and Employees as provided in Section 4.11 hereof. 6.2 Safe Harbor Matching Contributions. As of each Allocation Date, but after any adjustment of Individual Accounts as
provided in Section 5.2, and other applicable provisions herein, the Committee shall allocate the Safe Harbor Matching Contribution for the payroll period ending with said Allocation Date to the Individual Accounts of all Participants and
former Participants who have satisfied the minimum age and service requirements prescribed under Code Section 410(a)(1)(A) and who have made Salary Reduction Contributions, Roth Contributions or Catch-Up
Contributions during such payroll period. 6.3 Company Matching Contributions. As of each Allocation Date, but after any adjustment of Individual Accounts as provided in Section 5.2, and other applicable provisions herein, the Committee shall
allocate the Company Matching Contribution for the payroll period ending with said Allocation Date to the Individual Accounts of all Participants and former Participants who have not satisfied the minimum age and service requirements prescribed
under Code Section 410(a)(1)(A) and who have made Salary Reduction Contributions, Roth Contributions or Catch-Up Contributions during such payroll period. 6.3 A Discretionary True-Up Matching Contributions. As of the last day of each Plan Year, but after any adjustment of Individual Accounts as provided in Section 5.2, and other applicable provisions herein, the Committee shall
allocate the Discretionary True-Up Matching Contribution, if any, for the Plan Year to the Individual Accounts of each Participant and former Participant for whom the aggregate Safe Harbor Matching
Contributions and Company Matching Contributions allocated in accordance with Sections 6.2 and 6.3, respectively, were less than the Safe Harbor Matching Contribution and Company Matching Contribution that would have been allocated taking into
account such Participant’s or former Participant’s Salary Reduction Contributions, Roth Contributions and Catch-Up Contributions for the applicable Plan Year. 6.4 Nonelective Contributions. As of
each Allocation Date, but after any adjustment of Individual Accounts as provided in Section 5.2, and other applicable provisions herein, the Committee shall allocate the Nonelective Contribution of the Employer for the payroll period ending
with said Allocation Date to the Individual Accounts of each Participant and former Participant who is or was a SARC Participant, SARC Union Participant or LAR Participant. 6.5 Qualified Nonelective Contributions. As of the last day of the Plan
Year, but after any adjustment of Individual Accounts, as provided in Section 5.2, and other applicable provisions herein, the Committee shall, to the extent applicable, allocate Qualified Nonelective Contributions, if any, for such Plan Year
to the Individual Accounts of Participants and former Participants who are determined by the Company, in its sole and absolute discretion, as eligible to receive such contribution. The amount of the Qualified Nonelective Contribution, if any,

 

 
 allocated under this Section 6.5 shall be the same percentage of each such eligible Participant’s and former
Participant’s Annual Compensation for the Plan Year as is specified by the Company, in its sole and absolute discretion, provided such contribution satisfies the requirements under Treasury Regulations
§1.401(k)-2(a)(6) or §1.401(m)-2(a)(6), as applicable. 6.6 Forfeitures. If a Participant or former Participant forfeits a portion of his Individual Account as
provided in Sections 4.10, 10.3 or 16.8 hereof, then said forfeited amount shall be used first to restore the Individual Accounts of rehired Participants, as required under Section 12.3 hereof. The remaining forfeitures, if any, shall be used
to reduce future employer contributions or to pay reasonable administrative expenses, as determined by the Committee, in its sole and absolute discretion. 6.7 Maximum Annual Addition to Account. (a) Excess Allocations. If an Employer maintains,
or has ever maintained, this Plan and one or more other qualified defined contribution plans, the Annual Additions (as defined in subsection (b) below) allocated under this Plan to any Participant’s Individual Account shall be limited in
accordance with the allocation provisions of this Section 6.7(a). The amount of the Annual Additions that may be allocated under this Plan to any Participant’s Individual Account as of any Allocation Date shall not exceed the Maximum
Permissible Amount, based upon Compensation during the Limitation Year up to such Allocation Date reduced by the sum of any allocations of Annual Additions made to the Participant’s Individual Account under this Plan and any other such plans
maintained by the Employer as of any preceding allocation date within the Limitation Year. If the Allocation Date coincides with an allocation date of any other plan described in the above paragraph, the amount of Annual Additions to be allocated on
behalf of a Participant under this Plan as of such Allocation Date shall be an amount equal to the product of the amount described in the next preceding paragraph multiplied by a fraction (not to exceed 1.0), the numerator of which is the amount to
be allocated under this Plan without regard to this Section 6.7(a), during the Limitation Year and the denominator of which is the amount that would otherwise be allocated as of such Allocation Date under all plans of the Employer without
regard to this Section 6.7(a). If as a result of the first three paragraphs of this subsection 6.7(a) the allocation of Annual Additions under this Plan is to be reduced, such reduction shall be made as follows: (i) To the extent that the
excess Annual Additions of such Participant do not exceed the applicable dollar amount under Section 414(v) of the Code, reduced by Catch-Up Contributions previously made and Salary Reduction
Contributions previously treated as Catch-Up Contributions for the taxable year in which the Plan Year ends, whether under this Plan or another elective deferral program (as defined under
Section 402(g)(3) of the Code), the amount of the excess Annual Additions of such Participant shall be recharacterized as Catch-Up Contributions, if such Participant is otherwise eligible to make Catch-Up 

 

 
 Contributions under Section 4.2 during the taxable year in which the excess Annual Addition arises. (ii) In accordance with
the Employee Plan Compliance Resolution System, or other applicable guidance published in the Internal Revenue Bulletin, as may be amended from time to time, the excess Annual Addition, including earnings attributable thereto, shall be paid to the
Participant or former Participant as soon as administratively feasible. (iii) In accordance with the Employee Plan Compliance Resolution System, or other applicable guidance published in the Internal Revenue Bulletin, as may be amended from
time to time, if an excess Annual Addition still exists after applying subparagraph (i) and (ii), the excess amount, and earnings attributable thereto, shall be allocated to a suspense account as of such Allocation Date and be utilized as
described in (iv) below. (iv) All amounts credited to a suspense account shall be held until the next succeeding Valuation Date or Dates on which Employer contributions, if any, may be allocated under the provisions of the Plan, at which time
such excess amount shall be used to reduce such Employer contributions, if any. In the event of termination of the Plan, the suspense account shall revert to the Employer. (b) Definitions Applicable to Section 6.7. For purposes of
Section 6.7, the following definitions shall apply: (i) Annual Additions. Annual Additions are the sum of the following amounts allocated on behalf of a Participant or former Participant for a Limitation Year: (1) all Employer
contributions; (2) Employee Contributions; (3) forfeitures, if any; (4) amounts allocated after March 31, 1984, to an individual medical benefit account, as defined in Code Section 415(1)(2), which is part of a pension or
annuity plan maintained by the Employer, and amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which are attributable to post-retirement medical benefits allocated to the
separate account of a key employee (as defined in Code Section 419A(d)(3)) under a welfare benefit plan (as defined in Code Section 419(e)) maintained by the Employer. The Annual Additions for any Limitation Year beginning before
January 1, 1987, shall not be recomputed to treat all Employee Contributions as Annual Additions. 

 

 
 (ii) Compensation. Compensation shall mean “compensation” as defined in Section 415(c)(3) of the Code; provided, however,
that Compensation shall: (1) be based on the amount actually paid or made available to the Participant (or, if earlier, includible in the gross income of the Participant) during the Limitation Year; (2) include amounts paid by the later of
(a) 21/2 months after the Participant’s severance from employment or (b) the end of the Limitation Year that includes the date of the Participant’s severance from employment, if such amounts are either (I) regular compensation
that would have been paid to the Participant prior to such severance from employment if the Participant had continued in employment or (II) payments for unused accrued bona fide sick, vacation, or other leave, but only if the Participant would
have been able to use the leave if employment had continued and such amounts would have been included in Annual Compensation if they were paid prior to the Participant’s severance from employment; (3) include amounts that are paid to an
individual who does not currently perform services for the Employer as a result of a severance from employment by reason of Qualified Military Service, but only to the extent those amounts do not exceed the amounts the individual would have received
if the individual had continued to perform services for the Employer rather than entering Qualified Military Service; and (4) not exceed $230,000, as adjusted by the Secretary of the Treasury for increases in the cost of living at the time and
in the manner set forth in Section 401(a)(17)(B) of the Code. (iii) Employer. Employer shall mean, in addition to an Employer (as defined in Section 2.1(v) hereof, all Participants of a controlled group of corporations (as defined in
Section 414(b) of the Code as modified by Section 415(h)), all commonly controlled trades or businesses (as defined in Section 414(c) as modified by Section 415(h)) or affiliated service groups (as defined in Section 414(m))
of which the Employer is a part, and any other entity required to be aggregated with the Employer pursuant to regulations under Section 414(o) of the Code. (iv) Limitation Year. The Limitation Year shall be the twelve (12) consecutive
month period ending on the last day of December or any other twelve (12) consecutive month period for all qualified plans of the Employer pursuant to a written resolution the Employer adopts. (v) Maximum Permissible Amount. The Maximum
Permissible Amount for a given Limitation Year is equal to the lesser of (i) 100% of Compensation or (ii) $46,000, as adjusted for increases in the cost of living under Section 415(d) of the Code. The limit on Compensation referred to in this

 

 
 subparagraph (v) shall not apply to any contribution for medical benefits after separation from service (within the meaning of
Section 401(h) or Section 419A(f)(2) of the Code) that is otherwise treated as an Annual Addition. If a short Limitation Year is created because of an amendment changing the Limitation Year to a different twelve (12) consecutive month
period, the dollar limitation referred to above is multiplied by a fraction, the numerator of which is equal to the number of months in the short Limitation Year and the denominator of which is twelve. 6.8 Profit Sharing Contributions. As of the
last day of each Plan Year, but after any adjustment of Individual Accounts as provided in Section 5.2, and other applicable provisions herein, the Committee shall allocate the annual Profit Sharing Contribution, if any, for such Plan Year to
the Individual Accounts of all Participants and former Participants, except such of those former Participants who terminated employment prior to the last day of the Plan Year; provided, however, that if a former Participant terminates employment
during the Plan Year as a result of death or Disability, his Individual Account shall be entitled to an allocation notwithstanding the condition set forth above. The amount of the annual Profit Sharing Contribution, if any, allocated to the
Individual Account of each eligible Participant or former Participant shall be in the proportion that his Annual Compensation during the applicable Plan Year bears to the total Annual Compensation of all eligible Participants and former Participants
during the applicable Plan Year. ARTICLE VII RETIREMENT 7.1 Normal or Late Retirement. Upon a Participant reaching his Normal Retirement Date for the purposes of this Plan, such Participant’s Individual Account shall thereupon become one
hundred percent (100%) vested, and the amount contained therein shall be nonforfeitable. If a Participant continues in the employment of an Employer beyond his Normal Retirement Date, he shall continue to participate in the Plan. 7.2 Benefit. Upon
Retirement (whether normal or late Retirement in accordance with Section 7.1), a Participant shall be entitled to the entire amount to the credit of his Individual Account as of the Valuation Date concurrent with or next preceding his date of
Retirement, together with his portion, if any, of the Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee Contributions, Company Matching Contributions, Safe Harbor Matching
Contributions, Discretionary True-Up Matching Contributions and Nonelective Contributions, if any, allocated after his date of Retirement, adjusted for earnings and losses, if any, that accrue to the Valuation
Date immediately preceding the date of distribution, if later. Upon his Retirement under this Article VII, a Participant shall receive the benefits to which he is entitled at the time and in the manner provided in Article XII hereof. ARTICLE VIII
DEATH 8.1 Death of Participant. Upon the death of a Participant while employed by an Employer, such Participant’s Individual Account shall thereupon become one hundred percent (100%) vested, and the amount contained therein shall be
nonforfeitable. This paragraph shall 

 

 
 apply to any former Participant who dies while performing Qualified Military Service, as if the former Participant had resumed
employment on the day immediately preceding his death. 8.2 Benefit. Upon the death of a Participant or former Participant, his designated Beneficiary or Beneficiaries shall be entitled to the entire amount to the credit of his Individual Account as
of the Valuation Date concurrent with or next preceding his date of death, together with his portion, if any, of the Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee
Contributions, Company Matching Contributions, Safe Harbor Matching Contributions, Discretionary True-Up Matching Contributions, Nonelective Contributions, if any, and, Profit Sharing Contributions, if any,
allocated after his date of death, adjusted for earnings and losses, if any, that accrue to the Valuation Date immediately preceding the date of distribution, if later. Payment shall be made at the time and in the manner provided in Article XII
hereof. 8.3 Designation of Beneficiary. Each Participant and former Participant may, from time to time, designate one or more Beneficiaries and alternate Beneficiaries to receive benefits pursuant to this Article in the event of the death of such
Participant or former Participant. Such designation shall be made in writing in the manner prescribed by the Committee and shall only be effective when filed with the Committee or its delegate. The last such designation filed with the Committee
shall control. If a Participant is married, his spouse shall automatically be his Beneficiary; provided, however, a Beneficiary other than his spouse may be designated if: (a) his spouse consents in writing to such designation, the consent
acknowledges the effect of such designation and the designation is witnessed by a member of the Committee or a notary public, or (b) it is established to the satisfaction of the Committee that there is sufficient reason why the consent may not
be obtained. Notwithstanding the foregoing, divorce after the filing of a designation or designations that name the spouse as beneficiary shall be deemed to revoke such designation or designations if the written notice of such divorce is received by
the Committee, or such other person as is designated by the Committee to receive such written notice, and such written notice is submitted in the manner prescribed by the Committee before payment has been made in accordance with the existing
designation or designations on file with the Committee. 8.4 No Beneficiary. If a Participant or former Participant dies without a designated Beneficiary surviving him, or if all his Beneficiaries die before receiving the payment to which they are
entitled, then the Committee is hereby empowered to designate a Beneficiary or Beneficiaries on his behalf, but only from among the following with priority in the order named herein, which shall include persons legally adopted: (a) his spouse;
(b) his children and children of deceased children, per stirpes (by right of representation); (c) his parents; (d) his brothers and sisters, and nephews and nieces who are children of deceased brothers and sisters, per stirpes (by right of
representation); and (e) his legal representative properly appointed by the appropriate court upon his death. 

 

 
 Neither the Employer nor the Trustee shall be named as Beneficiary. For the purpose of this Plan, the production of a certified copy of
the death certificate of any Participant, former Participant or other person shall be sufficient evidence of death, and the Committee shall be fully protected in relying thereon. In the absence of such proof, the Committee may rely upon such other
evidence of death as it deems necessary or advisable. ARTICLE IX DISABILITY 9.1 Disability. In the event of a Participant’s Disability while still employed by an Employer, such Participant’s Individual Account shall thereupon become one
hundred percent (100%) vested, and the amount contained therein shall be nonforfeitable. This paragraph shall apply to any former Participant who becomes disabled while performing Qualified Military Service, as if the former Participant had resumed
employment on the day immediately preceding his date of Disability. 9.2 Benefit. In the event of the Disability of a Participant, he shall be entitled to the entire amount to the credit of his Individual Account as of the Valuation Date concurrent
with or next preceding the date of his Disability, together with his portion, if any, of the Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee Contributions, Company Matching
Contributions, Safe Harbor Matching Contributions, Discretionary True-Up Matching Contributions, Nonelective Contributions, if any, and Profit Sharing Contributions, if any, allocated after the date of his
Disability, adjusted for earnings and losses, if any, that accrue to the Valuation Date immediately preceding the date of distribution, if later. Payments shall be made at the time and in the manner provided in Article XII hereof. ARTICLE X
TERMINATION OF EMPLOYMENT AND FORFEITURES 10.1 Eligibility and Benefits. If a Participant’s employment with his Employer and all Affiliates shall terminate for any reason other than his Retirement under Article VII, death under Article VIII, or
Disability under Article IX, such Participant shall be entitled to the entire amount to the credit of his Salary Reduction Contribution Account, Employee Contribution Account, Rollover Contribution Account, Nonelective Contribution Account and ESOP
Transfer Account, if applicable, and to the Safe Harbor Matching Contributions, and amounts attributable thereto, that are credited to such Participant’s Company Matching Contribution Account as of the Valuation Date coincident with or next
preceding the date of such termination, together with his portion, if any, of the Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee Contributions, Safe Harbor Matching
Contributions and Nonelective Contributions allocated after the date of his termination of employment, adjusted for earnings and losses, if any, that accrue to the Valuation Date immediately preceding the date of distribution, if later. Except to
the extent provided below, the percentage of the Company Matching Contributions and Discretionary True-Up Matching Contributions, and amounts attributable thereto, that are credited to the Participant’s
Company Matching Contribution Account, and the percentage of the Profit Sharing Contributions, and amounts attributable thereto, that are credited to the Participant’s Profit Sharing Contribution Account to which he is entitled shall be
determined in accordance with the following schedule: 

 

 
 Percentage Completed Years of Service Payable Less than 1 year 0% 1 year or more 100% Notwithstanding the foregoing schedule, a
Participant whose employment is involuntarily terminated as a result of a layoff shall be 100% vested in his Account. The determination of whether the Participant’s employment has been “involuntarily terminated as a result of a
layoff’ shall be made by the Company, in its sole and absolute discretion. Furthermore, any Participant who was employed by Tesoro Hawaii, LLC as of September 25, 2013, the date of the sale by the Company of all of its interest in Tesoro
Hawaii, LLC, shall be immediately 100% vested in his Account as of such date, notwithstanding the foregoing schedule. 10.2 Time of Payment. The amount to which a Participant shall be entitled under Section 10.1 shall be paid to him at the time
and in the manner provided in Article XII hereof. 10.3 Forfeitures. A Participant to whom Section 10.1 is applicable and who is not 100% vested in his Company Matching Contribution Account at the time of his termination of employment shall
forfeit the amount credited to his Company Matching Contribution Account and the amount thus forfeited shall remain in the Trust Fund and shall be utilized as provided in Section 6.6 hereof. A Participant to whom this Section 10.3 applies
and who receives a cashout distribution in accordance with the provisions of Section 12.3 hereunder shall forfeit the amount credited to his Company Matching Contribution Account in the Plan Year in which the cashout distribution occurs. A
Participant to whom this Section 10.3 applies and who has not received a cashout distribution under Section 12.3 shall forfeit the amount credited to his Company Matching Contribution Account in the Plan Year in which he incurs five
(5) consecutive Breaks in Service. ARTICLE XI ADMINISTRATION 11.1 Appointment of Committee. The Plan shall be administered by a Committee the members of which shall be appointed by and serve at the pleasure of the Board. All usual and
reasonable expenses of the Committee shall be paid by the Trustee out of the principal or income of the Trust, except to the extent paid, in whole or in part by the Company or the Employers. The members of the Committee shall not receive
compensation with respect to their services for the Committee. The members of the Committee shall serve without bond or security for the performance of their duties hereunder unless applicable law makes the furnishing of such bond or security
mandatory or unless required by the Company. If the Board has adopted a charter describing the duties and responsibilities of the Committee, the appointment of members, removal and replacement of members, resignation of members, and such other
functions and activities of the Committee as described herein shall be made in accordance with the terms of such charter. 11.2 Authority of Committee. In addition to such powers as may be prescribed in an applicable charter adopted by the Board, the
Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following: 

 

 
 (a) to construe and interpret the Plan in its sole and absolute discretion, decide all questions of eligibility and determine the
amount, manner and time of payment of any benefits hereunder; (b) to prescribe procedures to be followed by distributees in obtaining benefits; (c) to make a determination as to the right of any person to a benefit and to afford any person
dissatisfied with such determination the right to a hearing thereon; (d) to receive from the Employers and from Participants such information as shall be necessary for the proper administration of the Plan; (e) to delegate to one or more
of the members of the Committee the right to act in its behalf in all matters connected with the administration of the Plan and Trust; (f) to receive and review reports of the financial condition and of the receipts and disbursements of the
Trust Fund from the trustee; (g) to take any action authorized by written directive of the Company; (h) to appoint or employ for the Plan any agents it deems advisable, including, but not limited to, legal counsel; and (i) to take any
and all further actions from time to time as the Committee, in its sole and absolute discretion, shall deem necessary for the proper administration of the Plan. The Committee shall have no power to add to, subtract from or modify any of the terms of
the Plan, nor to change or add to any benefits provided by the Plan, nor to waive or fail to apply any requirements of eligibility for benefits under the Plan. The Committee shall have full and absolute discretion in the exercise of each and every
aspect of its authority under this Plan, including without limitation, all of the rights, powers and authorities specified in this Section 11.2 and, if applicable, in Section 11.3 hereof. 11.3 Responsibilities of the Committee. In addition
to such powers as may be prescribed in an applicable charter adopted by the Board, the Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following: (a) to file
with the Secretary of Labor the annual report and other pertinent documents that may be requested by the Secretary of Labor; (b) to file with the Secretary of Labor such terminal and supplementary reports as may be necessary in the event of the
termination of the Plan; (c) to furnish each Participant and each Beneficiary receiving benefits hereunder a summary plan description explaining the Plan; 

 

 
 (d) to furnish, at least quarterly, to each Participant, former Participant and Beneficiary on whose behalf an Individual Account is
held hereunder a statement of the balance in such Individual Account, identifying the total account balance and the amount of the vested account balance, together with the value of each investment to which assets of such Individual Account have been
allocated, determined as of the most recent Valuation Date, together with such other information as is required by applicable law; (e) to furnish to a Participant a statement containing information contained in a registration statement required
by Section 6057(a)(2) of the Code; (f) to maintain all records necessary for verification of information required to be filed with the Secretary of Labor; and (g) to report to the Trustee and Plan recordkeeper all available
information regarding the amount of benefits payable to each Participant, the amount of benefits guaranteed, the computations with respect to the allocation of assets, and any other information that the Trustee or Plan recordkeeper may require in
order in the event of termination of the Plan. 11.4 Rules and Decisions. The Committee may adopt such rules as it deems necessary or desirable. All rules and decisions of the Committee shall be uniformly and consistently applied to all Employees in
similar circumstances. The Committee shall establish and maintain reasonable procedures governing the filing of benefit claims, notification of benefit determinations, and appeal of adverse benefit determinations and shall include a description of
such claims procedures as part of the summary plan description provided to Participants. The Committee shall, in accordance with such procedures, provide a notice in writing to any person whose claim for benefits under the Plan has been denied,
setting forth the specific reasons for such denial, reference to the specific Plan provisions on which the denial is based, a description of any additional material or information necessary to perfect the claim and an explanation of why such
material or information is necessary, and a description of the Plan’s review procedures and the time limits applicable to such procedures. The Committee shall adopt rules or procedures to carry out the intent of this Section and to provide a
basis for a full and fair review by the Committee of the decision denying the claim and to provide such person with an opportunity to supply any evidence he has to sustain the claim. 11.5 Administrative Procedures. The Company may adopt written
guidelines governing the Committee’s transaction of business and actions taken therewith. The Committee may adopt such bylaws as it deems desirable to carry out such guidelines and as may be necessary to administer the Plan. 11.6 Authorization
of Benefit Payments. The Committee shall issue directions to the Trustee and/or Plan recordkeeper concerning all benefits that are to be paid from the Trust Fund pursuant to the provisions of the Plan. The Committee shall keep on file, in such
manner as it may deem convenient or proper, all reports from the Trustee. 11.7 Payment of Expenses. All expenses incident to the administration or protection of the Plan and Trust, including but not limited to, actuarial, legal, accounting, and
Trustee’s fees, shall be paid by the Trustee from the Trust Fund, except to the extent such expenses are paid, in 

 

 
 whole or in part, by the Company or the Employers. All unpaid expenses shall constitute a first and prior claim and lien against the
Trust Fund. 11.8 Indemnification of Members of the Committee. The Company shall, to the extent permitted by law, indemnify the members and former members of the Committee against any liability or loss sustained by them by any act or failure to act
in their capacity as members of the Committee. Such indemnification shall include attorney’s fees reasonably incurred by such members or former members of the Committee in defense of any action brought against them by reason of any such act or
failure to act. ARTICLE XII DISTRIBUTIONS, WITHDRAWALS AND LOANS 12.1 Method of Payment. As soon as practicable after a Participant, former Participant or Beneficiary is entitled to receive benefits hereunder, as provided in Articles VII, VIII, IX,
X, or this Article XII, the Committee shall, subject to Section 12.5 hereof, direct that such benefits be paid to the Participant or his Beneficiary in one of the following ways, or in any combination thereof, as such Participant or Beneficiary
shall elect: (a) lump sum, payable in cash or in kind, or partly in cash and partly in kind; provided, however, in no event shall any distribution hereunder be made in the form of an annuity; (b) substantially equal periodic installments
(not less frequently than annually) over a period not to exceed the life (or life expectancy) of the Participant, or the joint lives (or joint life expectancy) of the Participant and his designated Beneficiary; or (c) a series of up to 5
partial distributions, with the balance of the Participant’s Individual Account being distributed as part of the 5th distribution. 12.2 Time of Payment. (a) General Distribution Rules. Subject to the provisions of subsection
(b) below, after a Participant, former Participant or Beneficiary is entitled to receive benefits hereunder, as provided in Articles VII, VIII, IX or X, benefits shall commence for such Participant, former Participant or Beneficiary, subject to
the requirements herein, as soon as practicable following receipt by the Committee of the individual’s request for distribution; provided, however, and subject to Section 12.9 hereof, in the event that the vested portion of a
Participant’s Individual Account does not exceed Five Thousand and No/100 Dollars ($5,000.00), distribution of such Participant’s benefits shall be made in a lump sum as soon as reasonably practicable following the Participant’s
termination of employment. In the event that the vested portion of a Participant’s Individual Account exceeds Five Thousand and No/100 Dollars ($5,000.00), no distributions, other than distributions upon the Participant’s death, may
commence without the consent of the Participant until the Participant’s Normal Retirement Date and such consent must be obtained in writing within the one hundred eighty (180) day period ending on the date of distribution. The Committee
shall notify the Participant of the right to defer any distribution until his Normal Retirement Date. Such notification shall include a general description of the material features, and an explanation of the relative values of, the 

 

 
 optional forms of benefit available under the Plan in a manner that would satisfy the notice requirements of Section 417(a)(3) of
the Code, and shall be provided no less than thirty (30) days and no more than one hundred eighty (180) days prior to the date of distribution. If such Participant has not received a distribution of his entire Individual Account prior to
his Normal Retirement Date, distribution shall be made no later than sixty (60) days after the end of the Plan Year in which his Normal Retirement Date occurs. Notwithstanding the foregoing, the consent of the Participant shall not be required
to the extent that a distribution is required to satisfy Sections 415, 401(k)(8) or 401(m)(6) of the Code. In addition, upon termination of this Plan if the Plan does not then offer an annuity option, the Participant’s Individual Account may,
without the consent of the Participant, be distributed to the Participant or transferred to another defined contribution plan within the same controlled group, as defined in Section 414(b) or (c) of the Code. Furthermore, if a distribution
is one to which Sections 401(a)(11) and 417 of the Code do not apply, such distribution may commence less than thirty (30) days after the notice required under Section 1.411(a)-11(c) of the Treasury
Regulations is given, provided that: (i) the Committee clearly informs the Participant that he has a right to a period of at least thirty (30) days after receiving the notice to consider the decision of whether or not to elect a
distribution (and, if applicable, a particular distribution option), and (ii) the Participant, after receiving the notice, affirmatively elects a distribution. Notwithstanding the preceding provisions of this Section 12.2(a), unless the
Participant (or former Participant) elects otherwise, in writing, no distribution hereunder shall start later than sixty (60) days after the close of the Plan Year in which the last of the following occurs: (i) the Participant (or former
Participant) attains age 65, (ii) the 10th anniversary of the year in which the Participant commenced participation in the Plan, or (iii) the Participant terminates service with the Employer and all Affiliates. (b) Required Minimum
Distribution Rules. All distributions required under this Section 12.2(b) will be determined and made in accordance with the Treasury Regulations under Section 401(a)(9) of the Code. The requirements of this Section 12.2(b) will take
precedence over any inconsistent provisions of the Plan. (i) Time and Manner of Distribution. (1) Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later
than the Participant’s required beginning date, as defined in subparagraph (v) (5) of this paragraph (b). (2) Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s
entire interest will be distributed, or begin to be distributed, no later than as follows: 

 

 
 (A) If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, then, subject to the provisions of
(iv) below, distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant
would have attained age 70 1/2, if later. (B) If the Participant’s surviving spouse is not the Participant’s sole designated Beneficiary, then, subject to the provisions of (iv) below, distributions to the designated Beneficiary
will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. (C) If there is no designated Beneficiary as of September 30 of the year following the year of the
Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. (D) If the Participant’s surviving spouse is
the Participant’s sole designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, the provisions of this Section 12.2(b)(i)(2), other than
Section 12.2(b)(i)(2)(A), will apply as if the surviving spouse were the Participant. For purposes of this Section 12.2(b)(i)(2) and Section 12.2(b)(iii), unless Section 12.2(b)(i)(2)(D) applies, distributions are considered to
begin on the Participant’s required beginning date. If Section 12.2(b)(i)(2)(D) applies, distributions are considered to begin on the date distributions are required to begin to the surviving spouse under Section 12.2(b)(i)(2)(A). (3)
Forms of Distribution. Unless the Participant’s interest is distributed in a single sum on or before the required beginning date, as of the first distribution calendar year, distributions will be made in accordance with Section 12.2(b)(ii)
and Section 12.2(b)(iii) below. (ii) Required Minimum Distributions During Participant’s Lifetime. (1) Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the
minimum amount that will be distributed for each distribution calendar year is the lesser of: (A) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime 

 

 
Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the
Participant’s age as of the Participant’s birthday in the distribution calendar year; or (B) if the Participant’s sole designated Beneficiary for the distribution calendar year is the Participant’s spouse, the quotient
obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s
and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year. (2) Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum
distributions will be determined under this Section 12.2(b)(ii) beginning with the first distribution calendar year and up to and including the distribution calendar year that includes the Participant’s date of death. (iii) Required
Minimum Distributions After Participant’s Death. (1) Death On or After Date Distributions Begin. (A) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a
designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the longer of the
remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows: (I) The Participant’s remaining life expectancy is calculated using the age of the
Participant in the year of death, reduced by one for each subsequent year. (II) If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, the remaining life expectancy of the surviving spouse is
calculated for each distribution calendar year after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving
spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent
calendar year. (Ill) If the Participant’s surviving spouse is not the Participant’s sole designated Beneficiary, the designated 

 

 
 Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary in the year following the year of the
Participant’s death, reduced by one for each subsequent year. (B) No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after
the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by
the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (2) Death Before Date Distributions Begin. (A) Participant Survived by Designated
Beneficiary. Except as otherwise provided herein, if the Participant dies before the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of
the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the remaining life expectancy of the Participant’s designated Beneficiary, determined as provided in Section 12.2(b)(iii)(1). (B)
No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the
Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. (C) Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required
to Begin. If the Participant dies before the date distributions begin, the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, and the surviving spouse dies before distributions are required to begin to the
surviving spouse under Section 12.2(b)(i)(2)(A), this Section 12.2(b)(iii)(2) will apply as if the surviving spouse were the Participant. (iv) Election to Allow Participants or Beneficiaries to Elect
5-Year Rule. Notwithstanding the foregoing, Participants or Beneficiaries may elect on an individual basis whether the 5-year rule or the life expectancy rule in
Section 12.2(b)(i)(2) or 12.2(b)(iii)(2) applies to distributions after the death of a Participant who has a designated Beneficiary. The election must be made no later than the earlier of September 30 of the calendar year in which a
distribution would be required to begin under Section 12.2(b)(i)(2), or by September 30 of the 

 

 
 calendar year that contains the fifth anniversary of the Participant’s (or, if applicable, the surviving spouse’s) death. If
neither the Participant nor Beneficiary makes an election under this paragraph, distributions will be made in accordance with Sections 12.2(b)(i)(2) and 12.2(b)(iii)(2) and, if applicable, the elections in Section 12.2(b)(i) above.
(v) Definitions. (1) Designated Beneficiary. The individual who is designated as the Beneficiary under Section 8.3 of the Plan and is the designated beneficiary under Section 401(a)(9) of the Code and Section 1.401(a)(9)- 4, Q&A-1, of the Treasury Regulations. (2) Distribution calendar year—A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the
first distribution calendar year is the calendar year immediately preceding the calendar year that contains the Participant’s required beginning date. For distributions beginning after the Participant’s death, the first distribution
calendar year is the calendar year in which distributions are required to begin under Section 12.2(b)(i). The required minimum distribution for the Participant’s first distribution calendar year will be made on or before the
Participant’s required beginning date. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant’s required beginning
date occurs, will be made on or before December 31 of that distribution calendar year. (3) Life expectancy. Life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9
of the Treasury Regulations. (4) Participant’s account balance. The account balance as of the last valuation date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount
of any contributions made and allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. The account balance for
the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred in the valuation calendar year. (5) Required
beginning date. April 1st of the calendar year following the later of: (a) the calendar year in which the Participant attains age 701/2, or (b) the calendar year in which the Participant retires; provided that if a Participant is a Five
Percent (5%) Owner (as defined in Section 15.1(g) hereof), then the required beginning date is April 1st of the calendar year following the calendar year in which such Participant attains age 701/2. 

 

 
 (vi) Notwithstanding Section 12.2(b) hereof, a Participant or Beneficiary who would have been required to receive required minimum
distributions for 2009 but for the enactment of section 401(a)(9)(H) of the Code (“2009 RMDs”), and who would have satisfied that requirement by receiving distributions that are (1) equal to the 2009 RMDs or (2) one or more
payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expected to last for the life (or life expectancy) of the Participant, the joint lives (or joint life expectancy) of the Participant
and the Participant’s Designated Beneficiary, or for a period of at least ten (10) years (“Extended 2009 RMDs”), will not receive those distributions for 2009 unless the Participant or Beneficiary chooses to receive such
distributions. Participants and Beneficiaries described in the preceding sentence will be given the opportunity to elect to receive the distributions described in the preceding sentence. In addition, notwithstanding Section 12.6 of the Plan,
and solely for purposes of applying the direct rollover provisions of the Plan, 2009 RMDs (but not Extended 2009 RMDs) will be treated as eligible rollover distributions. 12.3 Cash Out Distribution. If a former Participant who has received a
distribution of his benefits hereunder on account of his termination of employment has forfeited the amount credited to his Company Matching Contribution Account, as provided in Section 10.3 hereof, then in the event such former Participant is
subsequently rehired by the Employer prior to the date on which he incurs five (5) consecutive Breaks in Service, the rehired Participant’s Company Matching Contribution Account shall be credited with the exact amount that was nonvested at
the time of termination, without adjustment for gains or losses. In the event a former Participant who has received a distribution hereunder is not rehired by the Employer prior to incurring five (5) consecutive Breaks in Service, then the
amount he forfeited at the time of his termination of employment pursuant to the terms of Section 10.3 herein shall remain forfeited. Such Participant’s prior Years of Service shall be taken into account, however, for purposes of
determining his vested interest in contributions following reemployment. 12.4 Minority or Disability Payments. During the minority or disability of any person entitled to receive benefits hereunder, the Committee may, in accordance with procedures
adopted by the Committee, direct the Trustee to make payments due such person directly to him or to his spouse or a relative or to any individual or institution having custody of such person. Neither the Committee nor the Trustee shall be required
to see to the application of payments so made, and the receipt of the payee (including the endorsement of a check or checks) shall be conclusive as to all interested parties. 12.5 Distributions Under Domestic Relations Orders. Nothing contained in
this Plan shall prevent the Trustee, in accordance with the direction of the Committee, from complying with the provisions of a qualified domestic relations order (as defined in Section 414(p) of the Code). The Plan specifically permits
distribution to an alternate payee under a qualified domestic relations order at any time, irrespective of whether the Participant has attained his earliest retirement age under the Plan, as defined in Section 414(p) of the Code. A distribution
to an alternate payee prior to the Participant’s attainment of earliest retirement age is available only: (1) if the order specifies distribution at that time or permits an agreement between the Plan and the alternate payee to authorize an
earlier distribution and (2) if the order specifies such distribution to be in the form of a single, lump-sum payment. The Trustee shall make any 

 

 
 payments or distributions required under this Section 12.5 by separate benefit checks or other separate distribution to the
alternate payee(s). Nothing in this Section 12.5 gives a Participant a right to receive distribution at a time otherwise not permitted under the Plan nor does it permit the alternate payee to receive a form of payment not otherwise permitted
under the Plan. The Committee shall establish reasonable procedures, the terms of which are incorporated herein by reference, to determine the qualified status of a domestic relations order and to administer domestic relations orders determined to
be qualified. Upon receiving a domestic relations order, the Committee shall promptly notify the Participant and any alternate payee named in the order, in writing, of the receipt of the order and the Plan’s procedures for determining the
qualified status of the order. Within a reasonable period of time after receiving the domestic relations order, the Committee shall determine the qualified status of the order and shall notify the Participant and each alternate payee, in writing, of
its determination. The Committee shall provide notice under this paragraph by mailing to the individual’s address specified in the domestic relations order, or in a manner consistent with Department of Labor regulations. The Committee may treat
as qualified any domestic relations order entered prior to January 1, 1985, irrespective of whether it satisfies all the requirements described in Section 414(p) of the Code. 12.6 Direct Rollover of Eligible Rollover Distributions. An
individual who is entitled to a benefit hereunder (including a Participant’s surviving spouse or a Participant’s spouse or former spouse who is an alternate payee under a qualified domestic relations order, or a nonspouse Beneficiary), the
distribution of which would qualify as an “eligible rollover distribution,” as such term is hereinafter defined, may, in lieu of receiving any distribution pursuant to Section 12.1 hereof, direct the Trustee to transfer all or any
portion of his account balance directly to the trustee of one or more “eligible retirement plans,” as such term is hereinafter defined, provided the plan accepts the individual’s eligible rollover distribution. For purposes of this
Section 12.6, the term “eligible rollover distribution” is defined as any distribution of all or any portion of the balance to the credit of the distributee, including any portion of the balance that consists of amounts that are not
includible in the gross income of the Participant, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the
life (or life expectancy) of the distributee or the joint lives (or joint life expectancies) of the distributee and the distributee’s designated beneficiary, or for a specified period of ten (10) years or more; any distribution to the
extent such distribution is required under Section 401(a)(9) of the Code; and any hardship distribution described in Section 401(k)(B)(i)(IV). For purposes of this Section 12.6, except to the extent otherwise provided herein, an
“eligible retirement plan” shall mean (a) an individual retirement account described in Section 408(a) of the Code, (b) an individual retirement annuity described in Section 408(b) of the Code (other than an endowment
contract), (c) a qualified trust described in Section 401(a) of the Code, (d) an annuity plan described in Section 403(a) of the Code, (e) an annuity contract described in Section 403(b) of the Code, (f) an eligible
plan under Section 457(b) of the Code that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and that agrees to separately account for amounts transferred
into such plan from this Plan and (g) a Roth IRA described in Section 408A of the Code. Notwithstanding the preceding sentence, with respect to any portion of a distribution that consists of amounts that would not be includible in the
gross income of the Participant, the term “eligible retirement plan” shall refer only to those plans described in clauses (a), (b), (c) and (e) of the preceding sentence that agree 

 

 
 to separately account for amounts so transferred, including separately accounting for the portion of such distribution that is
includible in gross income and the portion of such distribution that is not so includible. Furthermore, with respect to distributions to a non-spouse Beneficiary, the term “eligible retirement plan”
shall refer only to a plan described in clauses (a) or (b) above that is established on behalf of the non-Spouse Beneficiary and that is required to be treated as an inherited individual retirement plan
pursuant to the provisions of Section 402(c)(11) of the Code. An election of a direct rollover under this Section 12.6 must be made in the manner prescribed by the Committee prior to the date on which the distribution is to occur. If an
individual who is so entitled has not elected a direct rollover within the time and in the manner prescribed by the Committee, such distributee shall be deemed to have affirmatively waived a direct rollover. A distributee who wishes to elect a
direct rollover shall provide to the Committee, or such other person designated by the Committee, within the time and in the manner prescribed by the Committee, such information as the Committee shall reasonably request regarding the eligible
retirement plan to which the payment or payments are to be transferred. The Committee shall be entitled to rely on the information so provided, and shall not be required to independently verify such information. The Committee shall be entitled to
delay the transfer of any payment or payments pursuant to this Section 12.6 until it has received all of the information that it has requested in accordance with this Section 12.6. The provisions of this Section 12.6 shall not apply
to any distribution in an amount that the Committee reasonably anticipates to total less than $200 during a calendar year. 12.7 Withdrawals. Notwithstanding any other provisions of the Plan, subject to such procedures as may from time to time be
adopted by the Committee, a Participant may make the following withdrawals: (a) Financial Hardship. A Participant may, on account of financial hardship, and upon the approval of the Committee, withdraw any portion of his Salary Reduction
Contribution Account that consists of Salary Reduction Contributions and Catch-Up Contributions only, excluding any earnings accumulated thereon, and, upon exhaustion of all amounts in such Participant’s
Salary Reduction Contribution Account, any portion of his Roth Contribution Account. A Participant who wishes to request a hardship withdrawal shall submit a request in such manner as prescribed by the Committee. A withdrawal is made on account of
financial hardship if it is both made on account of an immediate and heavy financial need of the Participant and is necessary to satisfy the financial need. The Committee shall adopt nondiscriminatory and objective standards regarding the granting
of such requests. The determination of whether a Participant suffers sufficient hardship to justify the granting of his request and of the amount permitted to be withdrawn under this Section shall be made in the sole and absolute discretion of the
Committee after a full review of the Participant’s request and evidence presented by the Participant showing financial hardship. If approved by the Committee, any withdrawal for financial hardship may not exceed the amount required to meet the
immediate financial need created by the hardship, plus any amounts necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated to result from the withdrawal. Expenses that may warrant approval of a
Participant’s request for a hardship withdrawal include: 

 

 
 (i) Expenses for (or necessary to obtain) medical care for the Participant or his or her spouse or dependents (as defined in
Section 152 of the Code, without regard to Section 152(b)(1), (b)(2) or (d)(1)(B) thereof) that would be deductible under Section 213(d) of the Code (determined without regard to whether the expenses exceed 7.5% of Participant’s
adjusted gross income); (ii) Costs directly related to the purchase of a principal residence for the Participant (excluding mortgage payments); (iii) Payment of tuition, related educational fees, and room and board expenses, for up to the next
twelve (12) months of post-secondary education for the Participant, his or her spouse, children or dependents (as defined in Section 152 of the Code, without regard to Section 152(b)(1), (b)(2) or (d)(1)(B) thereof); (iv) Payments
necessary to prevent the eviction of the Participant from his principal residence or foreclosure on the mortgage of the Participant’s principal residence; (v) Payments for burial or funeral expenses for the Participant’s deceased
parent, spouse, children or dependents (as defined in Section 152 of the Code, without regard to Section 152(d)(1)(B) thereof); or (vi) Expenses for the repair of damage to the Participant’s principal residence that would qualify
for the casualty deduction under Section 165 of the Code (determined without regard to whether the loss exceeds 10% of the Participant’s adjusted gross income). A distribution will be treated as necessary to satisfy a financial need if the
Committee relies upon the Participant’s representation (made in writing or such other form as may be prescribed by the Commissioner of Internal Revenue), unless the Committee has actual knowledge to the contrary, that the financial need cannot
reasonably be relieved: (i) through reimbursement or compensation by insurance or otherwise; (ii) by liquidation of the Participant’s assets; (iii) by cessation of Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions and Employee Contributions, if applicable, under the Plan; (iv) by other currently available distributions or nontaxable (determined at the time of the loan) loans from plans maintained
by the Employer, or any other employer of such Participant; or (v) by borrowing from commercial sources on reasonable commercial terms in an amount sufficient to satisfy the financial hardship. 

 

 
 Upon a Participant’s receipt of a withdrawal for financial hardship, such Participant shall be prohibited from making Salary
Reduction Contributions, Roth Contributions, Catch-Up Contributions and Employee Contributions, if applicable, for a period of at least six (6) months, beginning on the date on which the hardship
withdrawal is made. A Participant may elect to resume Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions and Employee Contributions, as applicable, as of the first day of the first
payroll period beginning on or after the last day of such six (6) month period by making a new salary reduction election to be effective as of the first day of the first payroll period beginning thereafter, or such later payroll period
specified by the Participant. (b) Employee Contributions. A Participant may withdraw all or any part of the value of his Employee Contribution Account at any time by submitting a request in such manner as prescribed by the Committee.
(c) Rollover Contributions. A Participant may withdraw all or any part of the value of his Rollover Contribution Account (excluding amounts attributable to Roth Contributions) at any time by submitting a request in such manner as prescribed by
the Committee. (d) Pre-2000 Company Matching Contributions. A Participant may withdraw up to one hundred percent (100%) of the value of his Company Matching Contribution Account that is attributable to
Company Matching Contributions made to the Plan for periods ending prior to January 1, 2000 by submitting a request in such manner as prescribed by the Committee. (e) Nonelective Contributions. A Participant may withdraw all or any part of
the value of his vested Nonelective Contribution Account, if any, at any time by submitting a request in such manner as prescribed by the Committee. (f) Withdrawals Upon Attainment of Age 591/2. A Participant who is still employed, has attained
age 591/2 and has completed one (1) Year of Service may elect to withdraw all or any portion of his Individual Account by submitting a request in such manner as prescribed by the Committee. Withdrawals shall be funded from the
Participant’s Contribution Accounts in the order specified in the policies and procedures adopted by the Committee. The amount available for any withdrawal permitted under this Section 12.7 shall be determined as of the Valuation Date
concurrent with or next preceding the date on which the Committee receives the Participant’s request for withdrawal, and the withdrawal amount shall be distributed to the Participant as soon as practicable thereafter. Withdrawals shall be taken
pro rata from each investment fund with respect to which a Participant has directed the investment of his Individual Account, or the portion of his Individual Account from which such withdrawal is funded, as the case may be. *Withdrawals.
Notwithstanding any other provisions of the Plan, subject to such procedures as may from time to time be adopted by the Committee, a Participant may make the following withdrawals: (g) Financial Hardship. A Participant may, upon the approval of
the Committee, withdraw any portion of his Salary Reduction Contribution Account that 

 

 
 consists of Salary Reduction Contributions and Catch-Up Contributions only, excluding any
earnings accumulated thereon, on account of financial hardship. A Participant who wishes to request a hardship withdrawal shall submit a request in such manner as prescribed by the Committee. A withdrawal is made on account of financial hardship if
it is both made on account of an immediate and heavy financial need of the Participant and is necessary to satisfy the financial need. The Committee shall adopt nondiscriminatory and objective standards regarding the granting of such requests. The
determination of whether a Participant suffers sufficient hardship to justify the granting of his request and of the amount permitted to be withdrawn under this Section shall be made in the sole and absolute discretion of the Committee after a full
review of the Participant’s request and evidence presented by the Participant showing financial hardship. If approved by the Committee, any withdrawal for financial hardship may not exceed the amount required to meet the immediate financial
need created by the hardship, plus any amounts necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated to result from the withdrawal. Expenses that may warrant approval of a Participant’s request for a
hardship withdrawal include: (i) Expenses for (or necessary to obtain) medical care for the Participant or his or her spouse or dependents (as defined in Section 152 of the Code, without regard to Section 152(b)(1), (b)(2) or
(d)(1)(B) thereof) that would be deductible under Section 213(d) of the Code (determined without regard to whether the expenses exceed 7.5% of Participant’s adjusted gross income); (ii) Costs directly related to the purchase of a principal
residence for the Participant (excluding mortgage payments); (iii) Payment of tuition, related educational fees, and room and board expenses, for up to the next twelve (12) months of post-secondary education for the Participant, his or her
spouse, children or dependents (as defined in Section 152 of the Code, without regard to Section 152(b)(1), (b)(2) or (d)(1)(B) thereof); (iv) Payments necessary to prevent the eviction of the Participant from his principal residence or
foreclosure on the mortgage of the Participant’s principal residence; (v) Payments for burial or funeral expenses for the Participant’s deceased parent, spouse, children or dependents (as defined in Section 152 of the Code,
without regard to Section 152(d)(1)(B) thereof); or (vi) Expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under Section 165 of the Code (determined without
regard to whether the loss exceeds 10% of the Participant’s adjusted gross income). A distribution will be treated as necessary to satisfy a financial need if the Committee relies upon the Participant’s representation (made in writing or
such other form as may be prescribed by the Commissioner of Internal Revenue), unless the 

 

 
 Committee has actual knowledge to the contrary, that the financial need cannot reasonably be relieved: (i) through reimbursement or
compensation by insurance or otherwise; (ii) by liquidation of the Participant’s assets; (iii) by cessation of Salary Reduction Contributions, Catch-Up Contributions and Employee Contributions,
if applicable, under the Plan; (iv) by other currently available distributions or nontaxable (determined at the time of the loan) loans from plans maintained by the Employer, or any other employer of such Participant; or (v) by borrowing
from commercial sources on reasonable commercial terms in an amount sufficient to satisfy the financial hardship. Upon a Participant’s receipt of a withdrawal for financial hardship, such Participant shall be prohibited from making Salary
Reduction Contributions, Catch-Up Contributions and Employee Contributions, if applicable, for a period of at least six (6) months, beginning on the date on which the hardship withdrawal is made. A
Participant may elect to resume Salary Reduction Contributions, Catch-Up Contributions and Employee Contributions, as applicable, as of the first day of the first payroll period beginning on or after the last
day of such six (6) month period by making a new salary reduction election to be effective as of the first day of the first payroll period beginning thereafter, or such later payroll period specified by the Participant. (h) Employee
Contributions. A Participant may withdraw all or any part of the value of his Employee Contribution Account at any time by submitting a request in such manner as prescribed by the Committee. (i) Rollover Contributions. A Participant who has
withdrawn the balance of his Employee Contribution Account may withdraw all or any part of the value of his Rollover Contribution Account at any time by submitting a request in such manner as prescribed by the Committee. The number of withdrawals
made by a Participant from his Rollover Contribution Account shall not exceed one (1) in a six (6) month period. (j) ESOP Transfer Account. A Participant who has withdrawn the balance of his Employee Contribution Account and Rollover
Contribution Account may withdraw all or any part of the value of his ESOP Transfer Account at any time by submitting a request in such manner as prescribed by the Committee. The number of withdrawals made by a Participant from his ESOP Transfer
Account shall not exceed one (1) in a twelve (12) month period. (k) Pre-2000 Company Matching Contributions. A Participant who has withdrawn the balance of his Employee Contribution Account,
Rollover Contribution Account and ESOP Transfer may withdraw up to one hundred percent (100%) of the value of his Company Matching Contribution Account that is attributable to Company 

 

 
 Matching Contributions made to the Plan for periods ending prior to January 1, 2000 by submitting a request in such manner as
prescribed by the Committee. The number of withdrawals made by a Participant from his Company Matching Contribution Account shall not exceed one (1) in a twelve (12) month period. (1) Nonelective Contributions. A Participant may
withdraw all or any part of the value of his vested Nonelective Contribution Account, if any, at any time by submitting a request in such manner as prescribed by the Committee. The number of withdrawals made by a Participant from his Nonelective
Contribution Account shall not exceed one (1) in a twelve (12) month period. (m) Withdrawals Upon Attainment of Age 591/2. A Participant who is still employed, has attained age 591/2 and has completed five (5) Years of Service
may elect to withdraw all or any portion of his Individual Account by submitting a request in such manner as prescribed by the Committee. The amount available for any withdrawal permitted under this Section 12.7 shall be determined as of the
Valuation Date concurrent with or next preceding the date on which the Committee receives the Participant’s request for withdrawal, and the withdrawal amount shall be distributed to the Participant as soon as practicable thereafter. Withdrawals
shall be taken pro rata from each investment fund with respect to which a Participant has directed the investment of his Individual Account, or the portion of his Individual Account from which such withdrawal is funded, as the case may be. 12.8
Loans to Participants. Subject to such rules and regulations as may from time to time be promulgated by the Committee, the Committee, upon application of a Participant (as that term is defined for purposes of this Section 12.8), may, in its
sole and absolute discretion, direct the Trustee to make a loan or loans to such Participant from his Accounts, in the order and upon such terms as the Committee shall establish, and subject to the requirements of this Section 12.8. For
purposes of this Section 12.8 only, the term “Participant” shall include former Participants and Beneficiaries who are “parties in interest” with respect to the Plan, as that term is defined under Section 3(14) of
ERISA. The maximum amount that may be loaned is the lesser of: (i) $50,000.00, reduced by the highest outstanding balance of any prior loans from the Plan to the Participant during the one- year period ending
on the day before the date on which such loan is made, or (ii) one-half of the value of the Participant’s vested Individual Account balance as of the Valuation Date next preceding the date on which
the Committee receives the Participant’s loan application. In determining the maximum amount allowed hereunder as a loan, all loans to a Participant from all plans of the Employer and any Affiliate are to be aggregated. The minimum amount that
may be loaned is One Thousand Dollars ($1,000.00), and no more than two loans may be outstanding at any time, except to the extent otherwise provided in the policies and procedures adopted by the Committee, the terms of which are incorporated
herein. Loans shall be granted by the Committee in a uniform and nondiscriminatory manner. Each loan shall bear a reasonable rate of interest, as determined by the Committee, and shall be adequately secured, with substantially level amortization and
payments made not less frequently than quarterly, and shall by its terms require repayment in no later than five (5) years. 

 

 
 All loans shall be repaid pursuant to a payroll deduction procedure established by the Employer unless the Participant is on a Leave of
Absence, in which case payment shall be made to the principal office of the Employer by check. All loans to Participants granted under this provision are to be considered a directed investment of such Participant. Loan fees are paid from the
Participant’s Individual Account to the extent determined by the Committee pursuant to a nondiscriminatory policy. Loans shall be made pro rata from each investment fund in which the Participant’s Individual Account is invested at the time
such loan is made and shall be repaid pro rata to each investment fund with respect to which the Participant has directed the investment of his Individual Account at the time of repayment. Each loan applicant shall receive a clear statement of the
charges involved in each loan transaction. This statement shall include the dollar amount and annual interest rate of the finance charge. No distribution shall be made to any Participant or former Participant, or to a Beneficiary or Beneficiaries,
or the estate of a Participant unless and until all unpaid loans to the Participant from the Plan, together with interest, have either been offset or paid in full. Loan repayments will be suspended under this Plan as permitted under
Section 414(u)(4) of the Code for qualified military service. 12.9 Rollovers of Mandatory Distributions. Notwithstanding any contrary provision of the Plan, if a Participant is entitled to a mandatory distribution of his Individual Account
pursuant to Section 12.2(a) hereof, the amount of which is in excess of One Thousand Dollars ($1,000.00), and such Participant does not elect, within the time period specified by the Committee, to have such distribution paid directly to an
eligible retirement plan specified by the Participant in the form of a direct rollover, in accordance with Section 12.6 hereof, or to receive such distribution directly, then such distribution will be paid in the form of a direct rollover to an
individual retirement plan designated by the Committee. 12.10 Distributions While on Military Leave. For purposes of Section 10.1 hereof and this Article XII, a Participant shall be treated as having severed from employment during any period
the Participant is performing service in the uniformed services described in Section 3401(h)(2)(A) of the Code, regardless of whether such Participant is receiving differential wage payments (as defined under Section 414(u)(12)(D) of the
Code) from an Employer. A Participant who is deemed to have severed employment under this Section 12.10 and who elects to receive a distribution from the Plan is prohibited from making Salary Reduction Contributions, Roth Contributions and Catch-up Contributions during the six-month period beginning on the date of the distribution. ARTICLE XIII TRUSTEE, INVESTMENT MANAGERS AND DIRECTED INVESTMENTS 13.1
Appointment of Trustee. A Trustee (or Trustees) shall be appointed by the Company to administer the investment of the Trust Fund. The Trustee shall serve at the pleasure of the Company and shall have such rights, powers and duties as are provided to
a Trustee under ERISA for the investment of assets and for the administration of the Trust Fund. 13.2 Appointment of Investment Manager. An Investment Manager (or Investment Managers) may be appointed by the Committee to manage (including the power
to acquire and dispose of) any part or all of the assets of the Trust Fund. The Investment Manager shall serve at the pleasure of the Committee, and shall have the rights, powers and duties provided to a Named 

 

 
 Fiduciary under ERISA for the investment of the assets assigned to it. (The Investment Manager may be referred to from time to time
hereafter as “he,” “they,” or “it,” or may be referred to in the singular or plural, but all such references shall be to the then acting Investment Manager or Investment Managers serving hereunder.) 13.3 Responsibility
of Trustee and Investment Manager. All contributions under this Plan shall be paid to and held by the Trustee. The Trustee shall, except with respect to the management of those assets specifically delegated to an Investment Manager in accordance
with Section 13.2 hereof, have responsibility for the investment and reinvestment of the Trust Fund in accordance with the directions of the Committee or, if applicable, the directions of the Participants, former Participants and Beneficiaries
in accordance with Section 13.5 hereof. The Investment Manager shall have exclusive management and control of the investment and/or reinvestment of the assets of the Trust Fund assigned to it in writing by the Committee. All property and funds
of the Trust Fund, including income from investments and from all other sources, shall be retained for the exclusive benefit of Participants, former Participants and Beneficiaries, as provided in the Plan, and shall be used to pay benefits to such
individuals, or to pay expenses of administration of the Plan and Trust Fund, except to the extent paid by the Company or the Employers. This Plan and the related Trust is intended to allocate to each fiduciary the individual responsibilities of the
prudent execution of the functions assigned to each. None of the allocated responsibilities or any other responsibility shall be shared by the fiduciaries or the Trustee unless such sharing shall be provided for by a specific provision in this Plan
or related Trust. 13.4 Bonding of Trustee and Investment Manager. Neither the Trustee nor the Investment Manager shall be required to furnish any bond or security for the performance of their powers and duties hereunder unless the applicable law
makes the furnishing of such bond or security mandatory. 13.5 Participant Direction of Investment. Each Participant shall have the right, within the guidelines established by the Committee, to direct the Committee to instruct the Trustee to invest
all or a portion, if any, of such Participant’s Individual Account in such investments as may be designated by the Committee from time to time. The Committee shall direct the Trustee or, if applicable, the Investment Manager as to the
investments in which Participants may invest, which shall include a Company Stock Fund. The Committee may determine to offer as investments any investment fund, program or other vehicle that is suitable as a proper and permissible investment of
contributions made to a retirement plan qualified pursuant to Section 401(a) of the Code. The investments shall be made and administered by the Trustee or, if applicable, an Investment Manager. The Committee shall be authorized at any time and
from time to time, without amending the Plan, to modify, alter, delete or add to the alternatives available for investment at the direction of a Participant. In the event a modification occurs, the Committee shall notify those Participants whom the
Committee, in its sole and absolute discretion, determines are affected by the change, and shall give such Participants such additional time as is determined reasonable by the Committee to designate the manner and percentage in which amounts
invested in those alternatives thereby affected shall be invested. 

 

 
 The Committee shall not be obligated to substitute alternatives of similar investment criteria for existing funds, nor shall it be
obligated to continue the types of investments presently available to the Participants. Nothing contained herein shall constitute any action by the Committee as a direction of investment of the assets or an attempt to control such direction.
(a) Investment of Contributions. Any Participant, on or before entry into the Plan, within the time period established by the Committee, may designate the manner and the applicable percentage in which the Participant desires the Trustee to
invest his current contributions, pursuant to the provisions set forth above, which designation shall continue in effect until revoked or modified by the Participant. If such Participant fails to designate the investment of his current contributions
on or before his entry into the Plan, or if the Participant wishes to change such designation, the Participant may make such designation, within the time period established by the Committee, to become effective as soon as practicable following such
time period as is established by the Committee, and such designation shall continue in effect until revoked by the Participant. In the event the nature of any investment shall, in the opinion of the Committee, change, then the Committee shall notify
those Participants who the Committee, in its sole and absolute discretion, determines are affected by the change, who shall then have a reasonable period of time, as determined by the Committee, to designate the manner and the applicable percentages
in which amounts so invested and affected by the change shall be invested. Any amounts with respect to which the Trustee fails to receive a proper investment direction from any Participant shall be invested, as directed by the Committee to the
Trustee in writing, in a qualified default investment alternative, as defined in Department of Labor regulations §2550.404c-5 and such other guidance as may be promulgated by the Department of Labor, and
with respect to which the other conditions set forth in Department of Labor regulations §2550.404c-5 are met, including, but not limited to, the delivery to the Participant of any material provided to the
Plan that relates to the Participant’s investment therein. All investment designations under this paragraph (a) shall be made in the manner prescribed by the Committee. The Committee shall maintain records in the name of each Participant
within his Individual Account to reflect such Participant’s accrued benefit attributable to his directed investment in each investment fund. (b) Conversion of Investments. Each Participant or former Participant shall have the right, within
the time period or periods established by the Committee, and subject to any restrictions on transfer imposed under particular investments, to convert, within the guidelines established by the Committee, up to one hundred percent (100%) of the amount
in his Individual Account which he has previously directed in an investment fund hereunder into one or more of the other alternatives designated by the Committee for investment pursuant to this Section 13.5. A direction to convert by any
Participant, former Participant or Beneficiary shall be made in the manner prescribed by the Committee within the time period established by the Committee. Any conversion of investments pursuant to this paragraph (b) shall not 

 

 
 affect a Participant’s direction of investments with respect to his future contributions pursuant to paragraph (a) hereof. If
a Participant’s spouse who is not a Participant in this Plan acquires an interest in a Participant’s or former Participant’s Individual Account pursuant to a qualified domestic relations order, then the Participant’s or former
Participant’s spouse may direct the Committee to convert the investment of the interest to which such spouse is thus entitled in the same manner and at the same time as the Participant or former Participant may direct a conversion of
investments, as provided above. (c) Miscellaneous. The provisions of this Section 13.5 shall be subject to such administrative rules as may be established by the Committee. The Committee is authorized to establish such additional rules and
regulations, from time to time, as it determines are necessary to carry out the provisions of this Section 13.5. For purposes of this Section 13.5, each Participant or former Participant shall be deemed to be effecting a “directed
investment” of his Individual Account by exercising control of the investments in such Participant’s or former Participant’s Individual Account, to the extent any investment is selected by the Participant or former Participant, as
provided herein. To the extent that the Committee, the Trustee and any Investment Manager follow the directions of a Participant or former Participant with respect to any acts involving an investment fund, then neither the Committee, the Trustee,
nor the Investment Manager shall be liable for any loss or damage, or by reason of any breach, that arises from the Participant’s or former Participant’s exercise or non-exercise of his rights under
this Section 13.5 over the assets in his Individual Account, as provided in Section 404(c) of ERISA. ARTICLE XIV AMENDMENT AND TERMINATION OF PLAN 14.1 Amendment sof Plan. The Company may, without the assent of any other party, make from
time to time any amendment or amendments to this Plan that do not cause any part of the Trust Fund to be used for, or diverted to, any purpose other than the exclusive benefit of Participants, former Participants and Beneficiaries included in the
Plan. Any such amendment shall be by a written instrument executed by the Company, and shall become effective as of the date specified in such instrument. Notwithstanding the foregoing, no amendment to the Plan shall be effective to the extent that
it has the effect of decreasing a Participant’s, former Participant’s or Beneficiary’s accrued benefit. For purposes of the preceding sentence, an amendment that has the effect of decreasing a Participant’s, former
Participant’s or Beneficiary’s Individual Account or eliminating an optional form of benefit, with respect to benefits attributable to service prior to such amendment shall be treated as reducing an accrued benefit, except to extent
otherwise provided under applicable Treasury regulations. If any amendment changes the vested percentage of a Participant’s, former Participant’s or Beneficiary’s Individual Account, then the Participant’s, former
Participant’s or Beneficiary’s nonforfeitable percentage in his Individual Account because of a change to the vesting schedule shall not be less than his nonforfeitable percentage computed under the vesting schedule in effect prior to the
amendment. Furthermore, if any amendment changes the vesting schedules set forth in Sections 10.1, then each Participant having at least three (3) Years of Vesting Service at the time of such change may elect to have the nonforfeitable
percentage of his Individual Account computed under the Plan without regard to the amendment. The Participant must file his written election with the Committee within sixty (60) days after receipt of a copy of the amendment. The Committee shall

 

 
 furnish the Participant with a copy of the amendment and with notice of the time within which his election must be returned to the
Committee. 14.2 Right to Terminate and Withdraw. An Employer may at any time, by adoption of a resolution of its board of directors, terminate the Plan with respect to all or any part of the Employees employed by said Employer, and may direct and
require the Trustee to liquidate the share of the Trust Fund allocable to such Participants or former Participants employed or previously employed by such Employer. If the Plan is not terminated by each and every Employer, the Plan shall continue in
effect for Employees of each Employer which does not so terminate the Plan. However, the Company may elect to terminate the Plan with respect to any Employer or with respect to all participating Employers. In the event that an Employer shall cease
to exist, the Plan shall be terminated with respect to the Employees of such Employer, unless a successor organization adopts and continues the Plan. A terminating or withdrawing Employer shall give ninety (90) days’ notice in writing of
its intention to the Committee, the Trustee and the Company unless a shorter notice period is agreed to by the Committee and Trustee. 14.3 Suspension and Discontinuance of Contributions. In the event an Employer decides it is impossible or
inadvisable for it to continue to make contributions to the Plan as provided in Article IV, it shall have the power by appropriate resolution to either: (a) suspend its contributions to the Plan; (b) discontinue its contributions to the
Plan; or (c) terminate the Plan. Suspension shall be a temporary cessation of contributions and shall not constitute or require a termination of the Plan. Such a suspension which has not ripened into a complete discontinuance shall not
constitute or require a termination of the Plan or Trust or any vesting of Individual Accounts, other than as prescribed by the provisions of Section 10.1. A complete discontinuance of contributions by an Employer shall not constitute a formal
termination of the Plan and shall not preclude later contributions, but all Individual Accounts of Participants employed by such Employer not theretofore fully vested shall be and become 100% vested and nonforfeitable in the respective Participants,
irrespective of the provisions of Section 10.1. In such event, Employees of such Employer who become eligible to enter the Plan subsequent to the discontinuance shall receive no benefit, and no additional benefits attributable to such
Employer’s contributions shall accrue to any of such Participants unless such contributions are resumed. After the date of a complete discontinuance of contributions, the Trust shall remain in existence as provided in this Section 14.3,
and the provisions of the Plan and Trust shall remain in force as may be necessary in the sole opinion of the Committee. 14.4 Liquidation of Trust Fund. Upon termination or partial termination of the Plan by an Employer, the Individual Accounts of
all Participants, former Participants and Beneficiaries shall be fully vested and nonforfeitable. Thereupon, the Trustee shall convert the Trust Fund to cash after deducting all charges and expenses. The Committee shall then adjust the balances of
all Individual Accounts, as provided in Section 5.2. Thereafter, the Trustee shall distribute the 

 

 
 amount to the credit of each affected Participant, former Participant and Beneficiary, in accordance with the provisions of Article XII
hereof. 14.5 Consolidation or Merger. This Plan shall not be merged or consolidated with, nor shall any assets or liabilities be transferred to, any other plan, unless the benefits payable to such Participant if the Plan were terminated immediately
after such action would be equal to or greater than the benefits to which such Participant would have been entitled if this Plan had been terminated immediately before such action. The Trust shall not accept a direct transfer of assets from a plan
subject to the requirements of Section 417 of the Code. ARTICLE XV TOP-HEAVY RULES 15.1 Definitions. For purposes of applying the provisions of this Article XV: (a) “Key Employee” shall mean, as
of any Determination Date, any Employee or former Employee (including any deceased Employee) who, at any time during the Plan Year that includes the Determination Date was (i) an officer of an Employer having Compensation from the Employer and
any Affiliate greater than $170,000 (as adjusted under Section 416(i)(1) of the Code for Plan Years beginning after December 31, 2014), (ii) a Five Percent (5%) Owner of an Employer, or (iii) a One Percent (1%) Owner of an Employer
who has Compensation of more than $150,000. The constructive ownership rules of Section 318 of the Code (or the principles of that section, in the case of an unincorporated Employer) will apply to determine ownership in an Employer; provided
that subparagraph (c) of Section 318(a)(2) shall be applied by substituting “5 percent” for “50 percent.” The Committee will make the determination of who is a Key Employee in accordance with Section 416(i)(1)
of the Code and the regulations under that Code section. The Beneficiary of a Key Employee shall be treated as a Key Employee for purposes of determining whether this Plan is top-heavy. (b) “Non Key
Employee” is an Employee who does not meet the definition of Key Employee. (c) “Compensation” shall have the same meaning as “compensation” under Section 2.1(bb) hereof. (d) “Required Aggregation Group” means:
(i) Each qualified plan of an Employer or an Affiliate in which at least one (1) Key Employee participates or participated at any time during the Plan Year which includes the Determination Date, or during the preceding four Plan Years
(regardless of whether the plan has terminated); and (ii) Any other qualified plan of an Employer which enables a plan described in (i) to meet the requirements of Sections 401(a)(4) or 410 of the Code. (e) “Permissive Aggregation
Group” is the Required Aggregation Group plus any other qualified plans maintained by an Employer, but only if such group would satisfy in the aggregate the requirements of Sections 401(a)(4) and 410 of the Code. The 

 

 
 Committee shall determine which plans to take into account in determining the Permissive Aggregation Group. (f) “Determination
Date” for any Plan Year is the last day of the preceding Plan Year or, in the case of the first Plan Year of the Plan, the last day of that Plan Year. (g) “Five Percent (5%) Owner” is any person who owns more than 5 percent of
the outstanding stock of an Employer or stock possessing more than 5 percent of the total combined voting power of all stock of an Employer. (h) “One Percent (1%) Owner” is any person who owns more than 1 percent of the
outstanding stock of an Employer or stock possessing more than 1 percent of the total combined voting power of all stock of an Employer. 15.2 Determination of Top Heavy Status. The Plan is top-heavy for a
Plan Year with respect to a particular Employer if the top-heavy ratio for that Employer as of the Determination Date exceeds sixty percent (60%). The Plan is super
top-heavy for a Plan Year if the top-heavy Ratio as of the Determination Date exceeds ninety percent (90%). The top-heavy ratio
is a fraction, the numerator of which is the sum of the present value of the Individual Accounts of all Key Employees as of the Determination Date, the contributions for all Key Employees of such Employer that are due as of the Determination Date,
and distributions made to all Key Employees, of such Employer within the one (1) year period immediately preceding the Determination Date, and the denominator of which is a similar sum determined for all Employees of such Employer. The
preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason
other than severance from employment, death, or Disability, this provision shall be applied by substituting the phrase “five (5) year period” for the phrase “one (1) year period.” If an Employee has not performed any
services for an Employer at any time during the one (1) year period ending on the Determination Date, any amount in the Individual Account of such Employee shall not be taken into account. The Committee shall calculate the top-heavy ratio without regard to any Non-Key Employee who was formerly a Key Employee. The Committee shall calculate the top-heavy
ratio, including the extent to which it must take into account distributions, rollovers and transfers, in accordance with Section 416 of the Code and the regulations under that Code section. If an Employer maintains other qualified plans
(including a simplified employee pension plan) this Plan is top-heavy only if it is part of the Required Aggregation Group, and the top- heavy ratio for both the
Required Aggregation Group and the Permissive Aggregation Group exceeds sixty percent (60%). If the Employer maintains other qualified plans (including a simplified employee pension plan) this Plan is super
top-heavy only if it is part of the Required Aggregation Group, and the top-heavy ratio for both the Required Aggregation Group and the Permissive Aggregation Group
exceeds ninety percent (90%). The Committee will calculate the top-heavy ratio in the same manner as required by the first paragraph of this Section 15.2, taking into account all plans within the
aggregation group. The Committee shall calculate the present value of accrued benefits and the other amounts the Committee must take into account, under defined benefit plans or simplified employee pension plans included within the group in
accordance with the terms of those plans, Section 416 of the Code and the regulations under that 

 

 
 Code section. The Committee shall calculate the top-heavy ratio with reference to the
Determination Dates that fall within the same calendar year. 15.3 Minimum Employer Contribution. If this Plan is top-heavy with respect to a particular Employer in any Plan Year, such Employer shall make a
minimum contribution for each Non-Key Employee who is a Participant and who is employed by the Employer on the last day of such Plan Year. The minimum contribution shall be equal to the lesser of:
(a) three percent (3%) of such Non-Key Employee’s Compensation for the Plan Year or (b) the highest contribution rate received by a Key Employee. The contribution rate is the sum of Employer
contributions (other than elective deferrals) and, if applicable, forfeitures allocated to the Participant’s Individual Account for the Plan Year divided by his Compensation for the Plan Year. To determine the contribution rate, the Committee
shall consider all qualified defined contribution plans maintained by such Employer as a single Plan. If the contribution rate for the Plan Year with respect to a Non-Key Employee is less than the minimum
contribution, the Employer will increase its contribution for such Non-Key Employee to the extent necessary so his contribution rate for the Plan Year will equal the required minimum contribution. The
Committee shall allocate the additional contribution to the Company Matching Contribution Account of the Non-Key Employee for whom the Employer makes the contribution. If the minimum contribution is made for a
Non-Key Employee pursuant to another qualified plan maintained by an Employer, then the minimum contribution requirement will be considered satisfied for purposes of this Plan. Company Matching Contributions,
Safe Harbor Matching Contributions, Discretionary True-Up Matching Contributions and Qualified Nonelective Contributions shall be taken into account for purposes of satisfying the minimum contribution
requirements of Section 416(c)(2) of the Code and the Plan. Any Company Matching Contributions, Safe Harbor Matching Contributions and Discretionary True-Up Matching Contributions that are made to satisfy
the minimum contributions requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Section 401(m) of the Code. ARTICLE XVI GENERAL PROVISIONS 16.1 No Employment
Contract. Nothing contained in this Plan shall be construed as giving any person whomsoever any legal or equitable right against the Committee, the Employers, their stockholders, officers or directors or against the Trustee, except as the same shall
be specifically provided for in this Plan. Nor shall anything in this Plan give any Participant or other Employee the right to be retained in the service of an Employer and the employment of all persons by an Employer shall remain subject to
termination by such Employer to the same extent as if this Plan had never been executed. Further, notwithstanding any provisions herein to the contrary, any person employed by an Employer shall remain subject to the conditions applicable for
eligibility to participate in any other plan, program or arrangement established or maintained by such Employer to the same extent as if this Plan had never been executed. 16.2 Manner of Payment. Wherever and whenever it is herein provided for
payments or distributions to be made, whether in money or otherwise, said payments or distributions shall be made directly into the hands of the Participant, former Participant or Beneficiary, his administrator, executor or guardian, or an alternate
payee pursuant to Section 12.5 herein, as the case may be. A deposit to the credit of a person entitled to payment in any bank or trust corporation selected by such person shall be deemed payment into his hands, and provided 

 

 
 further that in the event any person otherwise entitled to receive any payment or distribution shall be a minor or an incompetent, such
payment or distribution may be made to his guardian or other person as may be determined by the Committee. 16.3 Nonalienation of Benefits. Subject to Section 414(p) of the Code and Section 12.5 herein relating to qualified domestic
relations orders, the interest of any Participant, former Participant or Beneficiary hereunder shall not be subject in any manner to any indebtedness, judgment, process, creditors’ bills, attachments, garnishment, levy, execution, seizure or
receivership, nor shall such interest be in any manner reduced or affected by any transfer, assignment, conveyance, sales, encumbrance, act, omission, or mishap, voluntary or incidental, anticipatory or otherwise, of or to said Participant, former
Participant or Beneficiary, and they and any of them shall have no right or power to transfer, convey, assign, sell or encumber said benefits and their interest therein, legal or equitable, during the existence of this Plan; except that a
Participant may assign or pledge his vested interest in the Fund as security for any loans made to him pursuant to Section 12.8 hereof. Notwithstanding the foregoing, no provision of this Plan shall preclude the enforcement of a Federal tax
levy made pursuant to Section 6331 of the Code or collection by the United States on a judgment resulting from an unpaid tax assessment. 16.4 Titles for Convenience Only. Titles of the Articles and Sections hereof are for convenience only and
shall not be considered in construing this Plan. Also, words used in the singular or the plural may be construed as though in the plural or singular where they would so apply. 16.5 Validity of Plan. This Plan and each of its provisions shall be
construed and their validity determined by the laws of the State of Texas, and all provisions hereof shall be administered in accordance with the laws of said State, provided that in case of conflict, the provisions of ERISA shall control. 16.6 Plan
Binding. This Plan shall be binding upon the successors and assigns of the Employer and the Trustee and upon the heirs and personal representatives of those individuals who become Participants hereunder. 16.7 Return of Contributions. This Plan and
the related Trust are designed to qualify under Sections 401(a) and 501(a) of the Code. Anything contained herein to the contrary notwithstanding, if a determination letter is issued by the Internal Revenue Service to the effect that this Plan and
related Trust do not meet the requirements of Sections 401(a) and 501(a) of the Code, each Employer shall be entitled, at its option, to withdraw all contributions theretofore made, in which event the Plan and Trust shall then terminate. Each
Employer’s contributions to the Plan are specifically conditioned on their deductibility, and the Trustee, upon written request from an Employer, shall return to such Employer the amount of the Employer’s contribution made as a result of a
mistake of fact or the amount of such Employer’s contribution disallowed as a deduction under Section 404 of the Code. Such return of contribution must be within one (1) year after (a) such Employer made the contribution by
mistake of fact or (b) the disallowance of the contribution as a deduction. The amount of Employer contribution subject to being returned hereunder shall not be increased by any earnings attributable to the contribution, but such amount subject
to being returned shall be decreased by any losses attributable to it. 

 

 
 16.8 Missing Participants or Beneficiaries. Each Participant shall file with the Committee from time to time a mailing address and any
change of mailing address for himself and his designated Beneficiary. Any communication, statement or notice addressed to a Participant or Beneficiary at the last mailing address filed with the Committee, or if no such address is filed with the
Committee, then at his last mailing address as shown on his Employer’s records, shall be binding on the Participant or his Beneficiary for all purposes of the Plan. If the Committee notifies any Participant or Beneficiary that he is entitled to
a distribution and also notifies him of the provisions of this Section 16.8 (or makes reasonable effort to so notify such Participant or Beneficiary by certified letter, return receipt requested, to the last known address, or such other further
diligent effort, including consultation with the Social Security Administration, to ascertain the whereabouts of such Participant or Beneficiary as the Committee deems appropriate) and the Participant or Beneficiary fails to claim his distributive
share or make his whereabouts known to the Committee within a reasonable time following notice thereof, the distributive share of such Participant or Beneficiary will be forfeited and applied as described in Section 6.6 hereof. However, if the
Participant of Beneficiary should, thereafter, make a proper claim for such share, the amount forfeited, without adjustment for gains or losses, shall be distributed to him. 16.9 USERRA Compliance. Notwithstanding any provision of this Plan to the
contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with Section 414(u) of the Code. ARTICLE XVII PARTICIPATION BY OTHER ORGANIZATIONS 17.1 Designation by Company.
Subject to the further provisions of this Section 17.1, any Affiliate, whether now in existence or hereafter formed or acquired, which is not already an Employer under this Plan and which is a domestic organization and otherwise legally
eligible, may, in the future, become an Employer under this Plan. Such participation shall be effectuated and evidenced by formal resolution of the Board designating such Affiliate as a participating Employer hereof. It shall not be necessary for
the board of directors or other governing body of the Affiliate to adopt a resolution to adopt the Plan or for the authorized officer of the Affiliate to sign or execute the original or then amended Plan and Trust documents. The effective date of
the Plan for any such Affiliate shall be that date stated in the resolution of the Board and, from and after such effective date, such participating Affiliate shall assume all the rights, obligations and liabilities of an Employer hereunder and
under the Trust. The administrative powers and control of the Company provided in the Plan and Trust, including the sole right to amendment and termination, and of appointment and removal of the Committee and the Trustee and their successors, shall
not be diminished by reason of the participation of any such participating organization in the Plan and Trust. 17.2 Termination of Participation. The Company may, in its sole and absolute discretion, terminate the participation of any Employer from
the Plan and Trust at any time without affecting the participation of any other Employer. An Employer whose participation is terminated pursuant to this Section 17.2 may arrange for the continuation of this Plan and Trust, with such amendments,
if any, as it may deem proper by transfer and merger of that portion of the Trust Fund attributable to the Individual Accounts of the Employees of the Affiliate who have participated in this Plan with an existing plan and trust sponsored by the
Affiliate. 

 

 
 ARTICLE XVIII FIDUCIARY PROVISIONS 18.1 General Allocation of Duties. Each fiduciary with respect to the Plan shall have only those
specific powers, duties, responsibilities and obligations as are specifically given him under the Plan. The Company shall have the sole responsibility for authorizing contributions under the Plan and for terminating the participation in the Plan of
any Employer with respect to its Employees. The Company shall have the sole authority to appoint and remove the Trustee and members of the Committee and to amend or terminate this Plan, in whole or in part. The Committee shall have the sole
authority to appoint and remove the Investment Managers. The Company and the Committee, respectively, shall make formal periodic reviews of the Trustee’s and Investment Managers’ investments and performance in order to determine if such
investments and performance are in conflict with the provisions of ERISA. However, the Company and the Committee, respectively, shall not be liable for any acts or omissions of the Trustee or Investment Manager or be under any obligation to invest
or otherwise manage any assets of the Trust Fund which are subject to the management of the Trustee or Investment Manager unless they know that said Trustee or Investment Manager has committed a breach of the obligations and duties set forth in
ERISA. Except as otherwise specifically provided, the Committee shall have the sole responsibility for the administration of the Plan, which responsibility is specifically described herein. Except as otherwise specifically provided, the Trustee
shall have the sole responsibility for the administration, investment and management of the assets held under the Plan. It is intended under the Plan that each fiduciary shall be responsible for the proper exercise of its own powers, duties,
responsibilities and obligations hereunder and shall not be responsible for any act or failure to act of another fiduciary, except to the extent provided by law or as specifically provided herein. 18.2 Fiduciary Duty. Each fiduciary under the Plan
shall discharge its duties and responsibilities with respect to the Plan: (a) solely in the interest of the Plan Participants, for the exclusive purpose of providing benefits to such Participants, and their Beneficiaries, and defraying reasonable
expenses of administering the Plan; (b) with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise
of a like character and with like aims; (c) by diversifying the investments of the Plan so as to minimize the risk of large losses, unless under the circumstances it is prudent not to do so; and (d) in accordance with the documents and
instruments governing the Plan insofar as such documents and instruments are consistent with applicable law. 18.3 Fiduciary Liability. A fiduciary shall not be liable in any way for any acts or omissions constituting a breach of fiduciary
responsibility occurring prior to the date it becomes a fiduciary or after the date it ceases to be a fiduciary. 18.4 Co-Fiduciary Liability. A fiduciary shall not be liable for any breach of fiduciary
responsibility by another fiduciary unless: 

 

 
 (a) it participates knowingly in, or knowingly undertakes to conceal, an act or omission of such other fiduciary, knowing such act or
omission is a breach; (b) by its failure to comply with Section 404(a)(1) of ERISA in the administration of its specific responsibilities which give rise to its status as a fiduciary, it has enabled such other fiduciary to commit a breach; or
(c) having knowledge of a breach by such other fiduciary, it fails to make reasonable efforts under the circumstances to remedy the breach. 18.5 Delegations and Allocation. The Committee may appoint subcommittees, individuals or any other
agents as it deems advisable and may delegate to any of such appointees any or all of the powers and duties of the Committee. Such appointment and delegations must clearly specify the powers and duties delegated. Upon such appointment and
delegation, the delegating Committee members shall have no liability for the acts or omissions of any such delegate, as long as the delegating Committee members do not violate their fiduciary responsibility in making or continuing such delegation.
IN WITNESS WHEREOF, Tesoro Corporation, the Company, has caused its corporate seal to be affixed hereto and these presents to be duly executed in its name and behalf by its proper officers thereunto duly authorized this 19th day of November, 2014.
TESORO CORPORATION By: Craig M. LaTorre SVP, Chief Human Resources Officer 

 

 
 AMENDMENT NO. 1 TO THE TESORO CORPORATION THRIFT PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by
Tesoro Corporation (the “Company”): WITNESSETH: WHEREAS, the Company maintains the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014 (the “Plan”); and WHEREAS, the Company desires
to amend the Plan to revise the distribution provisions thereof; NOW, THEREFORE, the Plan is hereby amended as follows, effective as of the dates provided herein: 1. Article XII, Section 12.1, of the Plan is hereby amended in its entirety,
effective as of November 1, 2014, to read as follows: “12.1 Method of Payment. As soon as. practicable after a Participant, former Participant or Beneficiary is entitled to receive benefits hereunder, as provided in Articles VII, VIII, IX, X,
or this Article XII, the Committee shall, subject to Section 12.5 hereof, direct that such benefits be paid to the Participant or his Beneficiary in one of the following ways, or in any combination thereof, as such Participant or Beneficiary
shall elect: (a) lump sum, payable in cash or in kind, or partly in cash and partly in kind; (b) substantially equal periodic installments over a period not to exceed the life (or life expectancy) of the Participant, or the joint lives (or
joint life expectancy) of the Participant and his designated Beneficiary; or (c) any number of partial distributions, payable in cash or in kind, or partly in cash and partly in kind, at such times as requested by the Participant or
Beneficiary; provided, however, in no event shall any distribution hereunder be made in the form of an annuity.” 2. Article XII, Section 12.2, subsection (a), of the Plan is hereby amended in its entirety, effective as of January 1,
2014, to read as follows: 

 

 
 “(a) General Distribution Rules. Subject to the provisions of subsection (b) below, after a Participant, former Participant or
Beneficiary is entitled to receive benefits hereunder, as provided in Articles VII, VIII, IX or X, benefits shall commence for such Participant, former Participant or Beneficiary, subject to the requirements herein, as soon as practicable following
receipt by the Committee of the individual’s request for distribution; provided, however, and subject to Section 12.9 hereof, in the event that the vested portion of a Participant’s Individual Account does not exceed Five Thousand and
No/100 Dollars ($5,000.00), distribution of such Participant’s benefits shall be made in a lump sum as soon as reasonably practicable following the Participant’s termination of employment. In the event that the vested portion of a
Participant’s Individual Account exceeds Five Thousand and No/100 Dollars ($5,000.00), no distributions, other than distributions upon the Participant’s death, may commence without the consent of the Participant until the
Participant’s Normal Retirement Date and such consent must be obtained in writing within the one hundred eighty (180) day period ending on the date of distribution. The Committee shall notify the Participant of the right to defer any
distribution, subject to Section 12.2(b). Such notification shall include a general description of the material features, and an explanation of the relative values of, the optional forms of benefit available under the Plan in a manner that
would satisfy the notice requirements of Section 417(a)(3) of the Code, and shall be provided no less than thirty (30) days and no more than one hundred eighty (180) days prior to the date of distribution. If such Participant has not
received a distribution of his entire Individual Account prior to his Normal Retirement Date, distribution shall be made as soon as practicable following receipt by the Committee of the individual’s request for distribution, subject to the
requirements of Section 12.2(b) hereof. Notwithstanding the foregoing, the consent of the Participant shall not be required to the extent that a distribution is required to satisfy Sections 415, 401(k)(8) or 401(m)(6) of the Code. In addition,
upon termination of this Plan if the Plan does not then offer an annuity option, the Participant’s Individual Account may, without the consent of the Participant, be distributed to the Participant or transferred to another defined contribution
plan within the same controlled group, as defined in Section 414(b) or (c) of the Code. Furthermore, if a distribution is one to which Sections 401(a)(11) and 417 of the Code do not apply, such distribution may commence less than thirty
(30) days after the notice required under Section 1.411(a)—11(c) of the Treasury Regulations is given, provided that: (i) the Committee clearly informs the Participant that he has a right to a period of at least thirty
(30) days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and (ii) the Participant, after receiving the notice, affirmatively elects a
distribution. Notwithstanding the preceding provisions of this Section 12.2(a), unless the Participant (or former Participant) elects otherwise, in writing, no distribution hereunder shall start later than sixty (60) days after the close
of the Plan Year in which the last of the following occurs: 

 

 
 (i) the Participant (or former Participant) attains age 65, (ii) the 10th anniversary of the year in which the Participant commenced
participation in the Plan, or (iii) the Participant terminates service with the Employer and all Affiliates.” 3. Except as otherwise expressly stated herein, the provisions of the Plan shall continue in full effect. IN WITNESS WHEREOF, and
as conclusive evidence of the adoption of the foregoing, these presents are fully executed in the name and on behalf of Tesoro Corporation by its proper officer thereunto this 27 day of October, 2014. TESORO CORPORATION By: Craig M. LaTorre SVP,
Chief Human Resources Officer 

 

 
 AMENDMENT NO. 2 TO THE TESORO CORPORATION THRIFT PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by
Tesoro Corporation (the “Company”): WITNESSETH: WHEREAS, the Company maintains the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014 (the “Plan”); and WHEREAS, the Company has
retained the right to amend the Plan from time to time; WHEREAS, the Company desires to amend the Plan to reflect the terms of that certain Settlement Agreement, dated October 21, 2014, between Tesoro Refining and Marketing Company and the
United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and its Local 10; and WHEREAS, the Company further desires to amend the Plan to provide service credit for purposes of vesting
and eligibility on behalf of those Participants who became employees of an Employer as a result of the acquisition by Tesoro Logistics LP from QEP Resources, Inc. of its wholly owned natural gas pipeline and processing business, QEP Field Services,
LLC, and to make certain other clarifying changes; NOW, THEREFORE, the Plan is hereby amended as follows, effective as of January 1, 2015, except as otherwise specified herein: 1. Article II, Section 2.1, subsection (ii) of the Plan
is hereby amended in its entirety, to read as follows: “(ii) Nonelective Contribution. Contributions that may, at the election of the Company, be made to the Plan on behalf of all or a specified group of Participants, as provided in
Section 4.6 hereof.” 2. Article II, Section 2.1, subsection (eee), is hereby amended to read as follows: “(eee) Year of Service. A Year of Service shall be based upon an Employee’s entire period of Service, irrespective of
the number of hours actually worked during such period. A Year of Service shall be credited for each 12- month period, which need not be consecutive, beginning with the Employee’s Employment Commencement
Date, subject to the following provisions: (i) Prior to the Effective Date, Years of Service shall be computed and counted pursuant to the provisions of the Prior Plan in effect on the day before the Effective Date. 

 

 
 (ii) A Participant shall receive credit for Years of Service incurred while employed with a predecessor of the Employer hereunder,
whether such predecessor was a corporation, partnership, sole proprietorship or other business entity, only as specified in an acquisition agreement relating to such predecessor. (iii) Any employee of USA Petroleum (or its affiliates) hired by
an Employer on May 1, 2007 (the “USA Petroleum Date”) or subsequent to that date following a return from an approved leave of absence, as part of the acquisition of substantially all of the assets of USA Petroleum shall also be
granted Years of Service for the period such employee was granted such service credit by USA Petroleum (or its affiliates). (iv) Any employee of Shell Oil Company hired by an Employer on May 11, 2007, or subsequent to that date following a
return from an approved leave of absence, as part of the acquisition of substantially all of the assets associated with the Shell Los Angeles Refinery shall also be granted Years of Service for the period such employee was granted such service by
Shell Oil Company. (v) Effective June 1, 2013, any employee of British Petroleum (or its affiliates) hired by an Employer on June 1, 2013, or subsequent to that date following a return from an approved leave of absence, as part of the
acquisition by the Company of British Petroleum’s fully integrated Southern California Refining and Marketing Business, shall also be granted Years of Service for the period such employee was granted such service credit by British Petroleum (or
its affiliates). (vi) Effective June 19, 2013, any employee of Chevron (or its affiliates) hired by an Employer on June 19, 2013, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition
by Tesoro Logistics LP from Chevron Pipe Line Co. and Northwest Terminalling Co. of the Northwest Product Pipeline and Terminal System, shall also be granted Years of Service for the period such employee was granted such service credit by Chevron
(or its affiliates). (vii) Effective December 2, 2014, any employee of QEP Resources, Inc. (or its affiliates) hired by an Employer on December 2, 2014, or subsequent to that date following a return from an approved leave of absence, as
part of the acquisition by Tesoro Logistics LP from QEP Resources, Inc. of its wholly owned natural gas pipeline and processing business, QEP Field Services, LLC, shall also be granted Years of Service for the period such employee was granted such
service credit by QEP Resources, Inc. (or its affiliates). 

 

 
 (vii) In the case of a Participant who has five (5) or more consecutive Breaks in Service, all Years of Service incurred after such
Breaks in Service will be disregarded for purposes of measuring Years of Service before such Breaks in Service. (viii) If a Participant who does not have any nonforfeitable right to his Individual Account incurs a period of five
(5) consecutive Breaks in Service, then all of his prior Years of Service incurred before such Breaks in Service will be disregarded for purposes of measuring Years of Service after such Breaks in Service and shall no longer be credited to
him.” 3. Article IV, Section 4.6 of the Plan is hereby amended in its entirety, to read as follows: “4.6 Nonelective Contributions. There shall be no Nonelective Contributions made under the Plan, except as otherwise set forth in that
certain Settlement Agreement, dated October 21, 2014, between Tesoro Refining and Marketing Company and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and its Local
10. Nonelective Contributions, if any, shall be added to and become a part of the Trust Fund no later than the due date (including extensions) of the Company’s income tax return for the taxable year with respect to which such Nonelective
Contributions are made and shall be credited to the Nonelective Contribution Account of each eligible Participant, as provided in Section 6.4 hereof.” 4. Article IV, Section 4.8 of the Plan, the final paragraph, is hereby amended in
its entirety, to read as follows: “For purposes of this Section 4.8, a Participant’s excess deferrals shall be comprised, first, of Roth Contributions and, then, of Salary Reduction Contributions made with respect to the applicable
Plan Year. In the event there is a loss allocable to an excess deferral, any distribution to a Participant under this Section 4.8 shall be no greater than the lesser of: (i) the value of the Participant’s Roth Contribution Account and
the Participant’s Salary Reduction Contribution Account (without regard to Catch-Up Contributions) or (ii) the Participant’s excess deferrals for the taxable year.” 5. Article IV,
Section 4.11 of the Plan is hereby amended in its entirety, to add as the final paragraph the following: “Notwithstanding the foregoing requirement that Rollover Contributions be made in cash, in the case of a Participant who was an
employee of QEP Resources, Inc. (or its affiliates) hired by an Employer on December 2, 2014 (or subsequent to that date following a return from an approved leave of absence), as part of the acquisition by Tesoro Logistics LP from QEP
Resources, Inc. of its wholly owned natural gas pipeline and processing business, QEP Field Services, LLC, the Plan will accept a Rollover 

 

 
 Contribution that consists in whole or in part of a loan made to such Participant from a qualified plan of QEP Resources, Inc.” 6.
Article V, Section 5.1 of the Plan is hereby amended in its entirety to read as follows: “5.1 Individual Accounts. The Committee shall maintain an Individual Account for each Participant, former Participant and Beneficiary showing the
monetary value of such individual’s interest in the Trust Fund. Each Individual Account shall be composed of a Salary Reduction Contribution Account, to which Salary Reduction Contributions and Catch-Up
Contributions, if any, shall be credited, together with Qualified Nonelective Contributions, Company Matching Contributions and Discretionary True-Up Matching Contributions, if any, utilized to satisfy the
deferral percentage test or the contribution percentage test, as set forth in Sections 4.9 and 4.10 hereof; a Roth Contribution Account, to which Roth Contributions, if any, shall be credited; a Company Matching Contribution Account, to which
Company Matching Contributions, Safe Harbor Matching Contributions and Discretionary True-Up Matching Contributions, if any, shall be credited; an Employee Contribution Account, to which Employee
Contributions, if any, shall be credited; and, effective January 1, 2013, a Profit Sharing Contribution Account, to which Profit Sharing Contributions, if any, shall be credited. If an individual has elected to make a Rollover Contribution,
then his Individual Account shall include a Rollover Contribution Account. An individual on whose behalf contributions were previously made under the Tesoro Petroleum Corporation Employee Stock Ownership Plan shall include an ESOP Transfer Account.
The Individual Account of each Participant on whose behalf Nonelective Contributions have been made to the Plan will also include a Nonelective Contribution Account. Such accounts are primarily for accounting purposes and do not require a
segregation of the Trust Fund, except as otherwise provided herein.” 7. Article VI, Section 6.4 of the Plan is hereby amended in its entirety to read as follows: “6.4 Nonelective Contributions. The Committee shall allocate the
Nonelective Contribution, if any, to the Individual Accounts of each eligible Participant and former Participant as of the date or dates and in the amounts specified in that certain Settlement Agreement, dated October 21, 2014, between Tesoro
Refining and Marketing Company and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and its Local 10. Notwithstanding the foregoing, in the event that such Nonelective
Contribution would result in an Annual Addition in excess of the Maximum Permissible Amount under Section 6.7 hereof, the amount of the Nonelective Contribution that would otherwise be made pursuant to the foregoing provisions shall be reduced
to the maximum amount permissible under Section 6.7 and the balance shall be contributed in subsequent Plan Years to the extent necessary to satisfy the provisions of Section 6.7 hereof.” 

 

 
 8. Article XII, Section 12.8 of the Plan is hereby amended in its entirety, to read as follows: “12.8 Loans to Participants.
Subject to such rules and regulations as may from time to time be promulgated by the Committee, the Committee, upon application of a Participant (as that term is defined for purposes of this Section 12.8), may, in its sole and absolute
discretion, direct the Trustee to make a loan or loans to such Participant from his Accounts, in the order and upon such terms as the Committee shall establish, and subject to the requirements of this Section 12.8. For purposes of this
Section 12.8 only, the term “Participant” shall include former Participants and Beneficiaries who are “parties in interest” with respect to the Plan, as that term is defined under Section 3(14) of ERISA. The maximum
amount that may be loaned is the lesser of: (i) $50,000.00, reduced by the highest outstanding balance of any prior loans from the Plan to the Participant during the one-year period ending on the day before
the date on which such loan is made, or (ii) one-half of the value of the Participant’s vested Individual Account balance as of the Valuation Date next preceding the date on which the Committee
receives the Participant’s loan application. In determining the maximum amount allowed hereunder as a loan, all loans to a Participant from all plans of the Employer and any Affiliate are to be aggregated. The minimum amount that may be loaned
is One Thousand Dollars ($1,000.00), and no more than two loans may be outstanding at any time, except to the extent otherwise provided in the policies and procedures adopted by the Committee, the terms of which are incorporated herein. Loans shall
be granted by the Committee in a uniform and nondiscriminatory manner. Each loan shall bear a reasonable rate of interest, as determined by the Committee, and shall be adequately secured, with substantially level amortization and payments made not
less frequently than quarterly, and shall by its terms require repayment in no later than five (5) years. Notwithstanding the foregoing, a loan made prior to December 2, 2014 from a qualified plan of QEP Resources, Inc. (a “QEP
Plan”) to a Participant who was previously an employee of QEP Resources, Inc. (or its affiliates) hired by an Employer on December 2, 2014 (or subsequent to that date following a return from an approved leave of absence), as part of the
acquisition by Tesoro Logistics LP from QEP Resources, Inc. of its wholly owned natural gas pipeline and processing business, QEP Field Services, LLC, which loan satisfied the provisions under the QEP Plan for a “home loan”, within the
meaning of Section 72(p)(2)(B)(ii), and which is contributed to this Plan as all or any portion of a Rollover Contribution, in accordance with the provisions of Section 4.11 hereof, may continue to be repaid over its term, as determined on
the date on which it is contributed to the Plan as a Rollover Contribution. All loans shall be repaid pursuant to a payroll deduction procedure established by the Employer unless the Participant is on a Leave of Absence, in which case payment shall
be made to the principal office of the Employer by check. All loans to Participants granted under this provision are to be considered a directed investment of such Participant. Loan fees are paid from the Participant’s Individual Account to the
extent 

 

 
 determined by the Committee pursuant to a nondiscriminatory policy. Loans shall be made pro rata from each investment fund in which the
Participant’s Individual Account is invested at the time such loan is made and shall be repaid pro rata to each investment fund with respect to which the Participant has directed the investment of his Individual Account at the time of
repayment. Each loan applicant shall receive a clear statement of the charges involved in each loan transaction. This statement shall include the dollar amount and annual interest rate of the finance charge. No distribution shall be made to any
Participant or former Participant, or to a Beneficiary or Beneficiaries, or the estate of a Participant unless and until all unpaid loans to the Participant from the Plan, together with interest, have either been offset or paid in full. Loan
repayments will be suspended under this Plan as permitted under Section 414(u)(4) of the Code for qualified military service.” 9. Except as otherwise expressly stated herein, the provisions of the Plan shall continue in full effect. IN
WITNESS WHEREOF, and as conclusive evidence of the adoption of the foregoing, these presents are fully executed in the name and on behalf of Tesoro Corporation by its proper officer thereunto this 22nd day of December, 2014. TESORO CORPORATION Craig
M. LaTorre SVP, Chief Human Resources Officer 

 

 
 AMENDMENT NO. 3 TO THE TESORO CORPORATION THRIFT PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by
Tesoro Corporation (the “Company”): WITNESSETH: WHEREAS, the Company maintains the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014 (the “Plan”); and WHEREAS, the Company has
retained the right to amend the Plan from time to time; WHEREAS, the Company desires to amend the Plan, effective January 1, 2016, to permit Participants to convert vested amounts in their Thrift Plan Individual Account (other than amounts
previously credited to their Roth Contribution Account) to their Roth Contribution Account by means of a Qualified Roth Transfer; NOW, THEREFORE, the Plan is hereby amended as follows, effective as of January 1, 2016, except as otherwise
specified herein: 1. Article II, Section 2.1 of the Plan, is hereby amended to add sub-section (rr)-1, to read as follows:
“(rr)-1 Qualified Roth Transfer. Amounts transferred from one or more accounts or sub-accounts of a Participant’s Individual Account (other than the Roth
Contribution Account) to the Roth Contribution Account of the Participant, which the Participant has elected to treat as a “qualified rollover contribution” under Section 408A(e) of the Code; provided, however, that no such transfer
shall be permitted from an account or sub-account the assets of which have been transferred to the Plan from a plan described in Section 401(a)(11)(B)(i) of the Code.” 2. Article II, Section 2.1
of the Plan, is hereby amended to add sub-section (rr)-2, to read as follows: “(rr)-2 Qualified Roth Transfer Account. A
separate subaccount to which is credited a Participant’s Qualified Roth Transfers, if any, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. A separate Qualified
Roth Transfer Account shall be maintained for each Qualified Roth Transfer that has different distribution or withdrawal restrictions.” 

 

 
 3. Article II, Section 2.1 of the Plan, subsection (xx) of the Plan, is hereby amended in its entirety, to read as follows:
“(xx) Salary Reduction Contribution Account. A separate subaccount to which is credited a Participant’s Salary Reduction Contributions (other than Roth Contributions), Catch-Up Contributions and
Qualified Nonelective Contributions, if any, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto.” 4. Article IV of the Plan is hereby amended to add
Section 4.14, to read as follows: “4.14 Qualified Roth Transfers. Effective January 1, 2016, a Participant may elect to make a Qualified Roth Transfer to his Roth Contribution Account of any portion of his Individual Account that is
100% vested (other than amounts previously credited to his Roth Contribution Account) by submitting a request in such manner as determined by the Plan Administrator. The Qualified Roth Transfer shall be made as soon as practicable following the date
on which the Plan Administrator receives the Participant’s request to make the Qualified Roth Transfer. For this purpose, the value of the Participant’s Individual Account shall be determined as of the Valuation Date on which such
Qualified Roth Transfer occurs. Qualified Roth Transfers shall be taken pro rata from each investment fund with respect to which a Participant has directed the investment of his Individual Account, or the portion of such Individual Account from
which such transfer is funded, as the case may be.” 5. Article V, Section 5.1 of the Plan, is hereby amended in its entirety, to read as follows: “5.1 Individual Accounts. The Committee shall maintain an Individual Account for each
Participant, former Participant and Beneficiary showing the monetary value of such individual’s interest in the Trust Fund. Each Individual Account shall be composed of a Salary Reduction Contribution Account, to which Salary Reduction
Contributions (other than Roth Contributions) and Catch-Up Contributions, if any, shall be credited, together with Qualified Nonelective Contributions, Company Matching Contributions and Discretionary True-Up Matching Contributions, if any, utilized to satisfy the deferral percentage test or the contribution percentage test, as set forth in Sections 4.9 and 4.10 hereof; a Roth Contribution Account, to which Roth
Contributions, if any, shall be credited; a Company Matching Contribution Account, to which Company Matching Contributions, Safe Harbor Matching Contributions and Discretionary True-Up Matching Contributions,
if any, shall be credited; an Employee Contribution Account, to which Employee Contributions, if any, shall be credited; effective January 1, 2013, a Profit Sharing Contribution Account, to which Profit Sharing Contributions, if any, shall be
credited; and, effective January 1, 2016, one or more Qualified Roth Transfer Accounts, to which Qualified Roth Transfers, if any, shall be credited. If an individual has elected to make a Rollover Contribution, then his Individual Account
shall include a 

 

 
 Rollover Contribution Account. An individual on whose behalf contributions were previously made under the Tesoro Petroleum Corporation
Employee Stock Ownership Plan shall include an ESOP Transfer Account. The Individual Account of each Participant on whose behalf Nonelective Contributions have been made to the Plan will also include a Nonelective Contribution Account. Such accounts
are primarily for accounting purposes and do not require a segregation of the Trust Fund, except as otherwise provided herein.” 6. Article V, Section 5.3 of the Plan, the first paragraph, is hereby amended, to read as follows: “5.3
Salary Reduction Elections. Each Participant who desires to make Salary Reduction Contributions (including Roth Contributions) or Catch-Up Contributions shall indicate such intent by making a salary reduction
election, which shall be effective as soon as administratively practicable following receipt by the Committee. Such elections shall remain in effect until modified or amended. The Participant’s designation to treat Salary Reduction
Contributions as Roth Contributions is irrevocable at the time of the designation and will apply to those Salary Reduction Contributions made under such designation during the period such designation remains in effect. The Participant may change a
designation to treat Salary Reduction Contributions as Roth Contributions only with respect to future Salary Reduction Contributions. The Committee may, in its sole and absolute discretion, permit each Participant, at the time and in the manner
determined by the Committee, to make a special salary reduction election that applies exclusively to Annual Compensation that is attributable to bonuses.” 7. Article VI, Section 6.1 of the Plan, is hereby amended in its entirety, to read
as follows: “ 6.1 Salary Reduction Contributions (‘including Roth Contributions), Catch-Up Contributions, Employee Contributions and Rollover Contributions. Salary Reduction Contributions (including
Roth Contributions), Catch-Up Contributions, and Employee Contributions shall be credited to the Individual Accounts of Participants and former Participants, as soon as practicable after deduction from the
Participant’s compensation, in accordance with each Participant’s or former Participant’s salary reduction election. Rollover Contributions shall be credited to the Individual Accounts of Participants and Employees as provided in
Section 4.11 hereof.” 8. Article X, Section 10.1 of the Plan, the first paragraph, is hereby amended to read as follows: “10.1 Eligibility and Benefits. If a Participant’s employment with his Employer and all Affiliates
shall terminate for any reason other than his Retirement under Article VII, death under Article VIII, or Disability under Article IX, such Participant shall be entitled to the entire amount to the credit of his Salary Reduction Contribution Account,
Roth Contribution Account, Qualified Roth Transfer Account, Employee Contribution Account, Rollover Contribution Account, Nonelective Contribution Account and ESOP Transfer Account, if applicable, and to the Safe Harbor Matching Contributions, and

 

 
 amounts attributable thereto, that are credited to such Participant’s Company Matching Contribution Account as of the Valuation
Date coincident with or next preceding the date of such termination, together with his portion, if any, of the Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee
Contributions, Safe Harbor Matching Contributions and Nonelective Contributions allocated after the date of his termination of employment, adjusted for earnings and losses, if any, that accrue to the Valuation Date immediately preceding the date of
distribution, if later. Except to the extent provided below, the percentage of the Company Matching Contributions and Discretionary True-Up Matching Contributions, and amounts attributable thereto, that are
credited to the Participant’s Company Matching Contribution Account, and the percentage of the Profit Sharing Contributions, and amounts attributable thereto, that are credited to the Participant’s Profit Sharing Contribution Account to
which he is entitled shall be determined in accordance with the following schedule: Percentage Completed Years of Service Payable Less than 1 year 0% 1 year or more 100%” 9. Article XII, Section 12.7 of the Plan, subparagraph (a), the
first paragraph, is hereby amended to read as follows: “(a) Financial Hardship. A Participant may, on account of financial hardship, and upon the approval of the Committee, withdraw any portion of his Salary Reduction Contribution Account that
consists of Salary Reduction Contributions and Catch-Up Contributions only, excluding any earnings accumulated thereon, and, upon exhaustion of all amounts in such Participant’s Salary Reduction
Contribution Account, any portion of his Roth Contribution Account, and, upon exhaustion of all amounts in such Participant’s Roth Contribution Account, any portion of his Qualified Roth Transfer Account that is attributable to such
Participant’s Salary Reduction Contributions and Catch-Up Contributions, excluding any earnings accumulated thereon. A Participant who wishes to request a hardship withdrawal shall submit a request in
such manner as prescribed by the Committee. A withdrawal is made on account of financial hardship if it is both made on account of an immediate and heavy financial need of the Participant and is necessary to satisfy the financial need. The Committee
shall adopt nondiscriminatory and objective standards regarding the granting of such requests. The determination of whether a Participant suffers sufficient hardship to justify the granting of his request and of the amount permitted to be withdrawn
under this Section shall be made in the sole and absolute discretion of the Committee after a full review of the Participant’s request and evidence presented by the Participant showing financial hardship. If approved by the Committee, any
withdrawal for financial hardship may not exceed the amount required to meet the immediate financial need created by the hardship, plus any 

 

 
 amounts necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated to result from the
withdrawal.” 10. Article XII, Section 12.7of the Plan, subparagraphs (b), (c), (d) and (e), are hereby amended to read as follows: “(b) Employee Contributions. A Participant may withdraw all or any part of the value of his Employee
Contribution Account and, upon exhaustion of all amounts in such Participant’s Employee Contribution Account, any part of the value of his Qualified Roth Transfer Account that is attributable to Employee Contributions at any time by submitting
a request in such manner as prescribed by the Committee. (c) Rollover Contributions. A Participant may withdraw all or any part of the value of his Rollover Contribution Account and, upon exhaustion of all amounts in such Participant’s
Rollover Contribution Account, any part of the value of his Qualified Roth Transfer Account that is attributable to Rollover Contributions at any time by submitting a request in such manner as prescribed by the Committee. (d) Pre-2000 Company Matching Contributions. A Participant may withdraw up to one hundred percent (100%) of the value of his Company Matching Contribution Account that is attributable to Company Matching
Contributions made to the Plan for periods ending prior to January 1, 2000 and, upon exhaustion of all such amounts, any part of the value of his Qualified Roth Transfer Account that is attributable to such
pre-2000 Company Matching Contributions at any time by submitting a request in such manner as prescribed by the Committee. (e) Nonelective Contributions. A Participant may withdraw all or any part of the
value of his vested Nonelective Contribution Account, if any, and, upon exhaustion of all amounts in such Participant’s Nonelective Contribution Account, any part of the value of his Qualified Roth Transfer Account that is attributable to
Nonelective Contributions at any time by submitting a request in such manner as prescribed by the Committee.” 11. Except as otherwise expressly stated herein, the provisions of the Plan shall continue in full effect. 

 

 
 IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the foregoing, these presents are fully executed in the name and on
behalf of Tesoro Corporation by its proper officer thereunto this 18th day of December, 2015. TESORO CORPORATION By: Craig M. LaTorre SVP, Chief Human Resources Officer 

 

 
 AMENDMENT NO. 4 TO THE TESORO CORPORATION THRIFT PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by
Tesoro Corporation (the “Company”): WITNESSETH: WHEREAS, the Company maintains the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014 (the “Plan”); and WHEREAS, the Company has
retained the right to amend the Plan from time to time; WHEREAS, the Company desires to amend the Plan, effective January 8, 2016, to exclude from participation in the Plan certain employees who are eligible to participate in another tax-qualified plan; NOW, THEREFORE, the Plan is hereby amended as follows, effective as of January 8, 2016, except as otherwise specified herein: 1. Article III, Section 3.1 of the Plan, is hereby amended
to read as follows: “3.1 Eligibility Requirements. Every Employee who, as of the Effective Date hereof, is a Participant in the Plan shall continue to be a Participant in this Plan. Every other Employee who is not a Participant shall become a
Participant in the Plan as of such Employee’s Employment Commencement Date. Notwithstanding the foregoing, an Employee shall only be eligible to participate in the Plan for purposes of Section 4.4 hereof upon the Employee’s completion
of a Year of Service. In addition to the foregoing, the following groups will not be eligible to participate in the Plan for any purpose: (a) Employees who are eligible to participate in another plan that is qualified under Section 401(a)
of the Code (other than the Tesoro Corporation Retirement Plan) and that is sponsored or maintained by the Company or to which the Company, an Employer or any Affiliate is legally obligated to make contributions or to otherwise reimburse the sponsor
of such plan for contributions thereunder; (b) Employees included in a unit of employees covered by a collective bargaining agreement between employee representatives and an Employer, if retirement benefits were the subject of good faith
bargaining between such employee representatives and the Employer, unless such collective bargaining agreement expressly provides, or has been deemed to provide, for the inclusion of such Employee under the Plan;
(c) non-resident aliens who receive no earned income from an Employer that constitutes income from sources within the United States; (d) leased employees (as defined in Section 2.1(s) hereof);
and (e) an individual who is not classified as an Employee on an Employer’s books and records (such as a person who as a matter of practice is classified by the Employer as an independent contractor or a contingent worker employed by
another entity, but who is later determined to be an Employee as a matter of fact) shall not be an eligible Employee 

 

 
 during any part of a Plan Year in which such person was not classified as an Employee on the Employer’s books and records, despite
any classification or reclassification of such person for tax or other purposes.” 2. Except as otherwise expressly stated herein, the provisions of the Plan shall continue in full effect. IN WITNESS WHEREOF, and as conclusive evidence of the
adoption of the foregoing, these presents are fully executed in the name and on behalf of Tesoro Corporation by its proper officer thereunto this 7th day of January, 2016. TESORO CORPORATION Craig M. LaTorre SVP, Chief Human Resources Officer

 

 
 AMENDMENT NO. 5 TO THE TESORO CORPORATION THRIFT PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by
Tesoro Corporation (the “Company”): WITNESSETH: WHEREAS, the Company maintains the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014 (the “Plan”); and WHEREAS, the Company has
retained the right to amend the Plan from time to time; WHEREAS, the Company desires to amend the Plan, effective as of the dates specified herein, to credit prior service for purposes of vesting for participants who became employees of the Sponsor
or an affiliate of the Sponsor as the result of an acquisition during the current plan year, to clarify the individuals to whom a death benefit will be paid in the absence of a beneficiary designation, to permit highly compensated employees eligible
to participate in the Tesoro Corporation Executive Deferred Compensation Plan to make after-tax contributions to the Plan, to authorize the Committee to charge the accounts of former Participants with an
annual administrative fee, and to clarify that domestic subsidiaries of the Sponsor will automatically be participating Employers in the Plan with no further action required; NOW, THEREFORE, the Plan is hereby amended as follows, effective as of the
dates specified herein: 1. Article II, Section 2.1, subsection (eee) of the Plan, is hereby amended, effective as specified herein, to renumber paragraphs (vii) and (viii) as (xi) and (xii) and to add paragraphs (vii), (viii), (ix) an
(x), to read as follows: “(vii) Effective January 11, 2016, any employee of Great Northern Midstream, LLC (or its affiliates) hired by an Employer on January 11, 2016, or subsequent to that date following a return from an approved
leave of absence, as part of the acquisition by Tesoro Great Plains Holding Co. LLC of Great Northern Midstream LLC (or its affiliates) shall be granted Years of Service for the period of his employment by Great Northern Midstream LLC (or its
affiliates. Nonetheless, in no event shall any such employee be eligible to participate in the Plan prior to February 21, 2016. (viii) Effective June 20, 2016, any employee of Flint Hills Resources (or its affiliates) hired by an Employer
on June 20, 2016, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Alaska Company LLC and Tesoro Alaska Terminals LLC of Flint Hills Resources’ wholesale marketing and
logistics assets in Anchorage and Fairbanks, Alaska shall be granted Years of Service for the period of his employment by Flint Hills Resources (or its affiliates). 

 

 
 (ix) Effective June 28, 2016, any employee of Dakota Prairie Refining, LLC (or its affiliates) hired by an Employer on
June 28, 2016, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Refining & Marketing Company of Dakota Prairie Refining, LLC shall be granted Years of Service for the
period of his employment by Dakota Prairie Refining, LLC (or its affiliates). (x) Effective September 28, 2016, any employee of Virent, Inc. (or its affiliates) hired by an Employer on September 28, 2016, or subsequent to that date
following a return from an approved leave of absence, as part of the merger by and between Tesoro Refining & Marketing Company LLC, Tesoro Renewables Merger Sub Inc. and Virent, Inc. shall be granted Years of Service for the period of his
employment by Virent, Inc. (or its affiliates. Nonetheless, in no event shall any such employee be eligible to participate in the Plan prior to January 1, 2017.” 2. Article IV, Section 4.3 of the Plan, is hereby amended in its
entirety, effective January 1, 2017, to read as follows: “Section 4.3 Employee Contributions. Each Participant may elect with respect to any payroll period to have contributed on his behalf to the Trust Fund, on an after-tax basis, any whole percentage of his Annual Compensation (other than regular bonus compensation) that, when aggregated with Salary Reduction Contributions made at the election of the Participant with respect
to such period, does not exceed fifty percent (50%) of that portion of his Annual Compensation paid during such payroll period. Employee Contributions shall be made pursuant to a salary reduction election in accordance with Section 5.3 hereof
Employee Contributions made on behalf of a Participant shall be added to the Trust Fund as soon as practicable after deduction from a Participant’s paycheck and shall be credited to the Employee Contribution Account of the Participant, as
provided in Section 6.1 hereof” 3. Article V, Section 5.2 of the Plan, is hereby amended in its entirety, effective January 1, 2017, to read as follows: “Section 5.2 Method of Adjustment. The Committee, or the Trustee
or Investment Manager, as directed by the Committee, shall value the assets of the Trust Fund on each Valuation Date. As of each Valuation Date, before any restoration of accounts as required pursuant to Section 12.3 and before taking into
account the contributions of the Employer since the last preceding Valuation Date, the Committee shall adjust all Individual Accounts as follows: (a) The Committee shall determine the fair market value of each investment in the Trust Fund,
including the effect of expenses of administration and other charges against such fund since the last Valuation Date. The Committee shall then determine the proportion of such fair market value to be credited to each Individual Account by
multiplying such fair market value by a fraction, the numerator of which is the value of the Individual Account and the 

 

 
 denominator of which is the aggregate value of all Individual Accounts participating in the investment as shown on its records as of the
prior Valuation Date. The Individual Account balances of Participants and former Participants shall be reduced by any amounts paid to them (including loans) from the investment since the last Valuation Date. (b) The Committee shall then
determine the total expenses of administration and other charges against the Trust Fund (other than expenses and charges taken into account in (a) above) since the last Valuation Date. The Committee shall then determine which Plan
administrative expenses shall be paid by the Trust and shall allocate those expenses among Participants and former Participants in the manner determined by the Committee. The Individual Account balances of Participants and former Participants shall
be reduced by any amounts paid to them (including loans) from the investment since the last Valuation Date. The Committee shall then adjust the value of each such Individual Account participating in the Plan by crediting such Individual Account with
the difference between (a) and (b) if (a) is larger or charging it with the difference between (a) and (b) if (b) is the larger. Finally, to the extent applicable, the Committee shall then adjust the value of each Individual
Account participating in the Plan by charging the Individual Account with the effect of direct charges incurred by the Participant or former Participant since the last Valuation Date, as well as any administrative fees to be directly charged to the
Individual Account of Participants or former Participants. Following adjustment of the Individual Accounts as described above, the Committee shall credit contributions made on behalf of a Participant or former Participant since the prior Valuation
Date to the Individual Account of the Participant or former Participant.” 4. Article VIII, Section 8.4 of the Plan, is hereby amended in its entirety, effective January 1, 2017, to read as follows: “8.4 No Beneficiary. If a
Participant or former Participant dies without a designated Beneficiary surviving him, or if all his Beneficiaries die before receiving the payment to which they are entitled, then the Committee is hereby empowered to designate a Beneficiary or
Beneficiaries on his behalf, but only from among the following with priority in the order named herein, which shall include persons legally adopted: (a) his spouse; (b) his children and children of deceased children, per stirpes (by right
of representation); (c) his parents; and (d) his legal representative properly appointed by the appropriate court upon his death. 

 

 
 Neither the Company, the Trustee, nor any Employer shall be named as Beneficiary. For the purpose of this Plan, the production of a
certified copy of the death certificate of any Participant, former Participant or other person shall be sufficient evidence of death, and the Committee shall be fully protected in relying thereon. In the absence of such proof, the Committee may rely
upon such other evidence of death as it deems necessary or advisable. Payment to a deceased Participant’s Beneficiary or Beneficiaries shall operate as a complete discharge of all obligations under the Plan with respect to such deceased
Participant and shall be final, binding and conclusive on all persons interested hereunder.” 5. Article XVII, Section 17.1, is hereby amended in its entirety, effective January 1, 2016, to read as follows: “17.1 Participation by
Affiliates. Any Affiliate, whether now in existence or hereafter formed or acquired, which is not already an Employer under this Plan and which is a domestic organization and otherwise legally eligible, shall automatically become an Employer under
this Plan, effective as of the date on which such domestic organization becomes an Affiliate. From and after such effective date, such participating Affiliate shall assume all the rights, obligations and liabilities of an Employer hereunder and
under the Trust. The administrative powers and control of the Company provided in the Plan and Trust, including the sole right to amendment and termination, and of appointment and removal of the Committee and the Trustee and their successors, shall
not be diminished by reason of the participation of any such participating organization in the Plan and Trust.” 7. Except as otherwise expressly stated herein, the provisions of the Plan shall continue in full effect. IN WITNESS WHEREOF, and as
conclusive evidence of the adoption of the foregoing, these presents are fully executed in the name and on behalf of Tesoro Corporation by its proper officer thereunto this 30th day of December, 2016. TESORO CORPORATION By Craig M. LaTorre SVP,
Chief Human Resources Officer 

 

 
 AMENDMENT NO. 6 TO THE TESORO CORPORATION THRIFT PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by
Andeavor (or, if prior to August 1, 2017, Tesoro Corporation) (the “Company”): WITNESSETH: WHEREAS, the Company maintains the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014 (the
“Plan”); and WHEREAS, the Company has retained the right to amend the Plan from time to time; and WHEREAS, the Company wishes to amend the Plan, effective August 1, 2017, to reflect a change in the name of the Company and to make such
other changes as deemed appropriate; and NOW, THEREFORE, the Plan is hereby amended effective August 1, 2017 as follows: 1. Article II, Section 2.1, subsection (j) of the Plan, is hereby amended to read as follows: “(j) Company.
Prior to August 1, 2017, Tesoro Corporation. Effective August 1. 2017, Andeavor, or its successor or successors.” 2. Article II, Section 2.1, subsection (p) of the Plan, is hereby amended to read as follows: “(p) Deferred
Compensation Plan. Prior to August 1, 2017, the Tesoro Corporation Executive Deferred Compensation Plan, effective January 1, 2007, as amended from time to time. Effective August 1,2017, the Andeavor Executive Deferred Compensation
Plan, as may be amended from time to time.” 3. Article II, Section 2.1, subsection (nn) of the Plan, is hereby amended to read as follows: “(nn) Plan. Prior to August 1, 2017, the Tesoro Corporation Thrift Plan, as amended from
time to time. Effective August 1, 2017, the Andeavor 401(k) Plan, as may be amended from time to time.” 4. Article II, Section 2.1, subsection (bbb) of the Plan, is hereby amended to read as follows: “(bbb) Trust. Prior to
August 1, 2017, the Tesoro Corporation Thrift Plan Trust, which was administered pursuant to the terms of the Tesoro Corporation Thrift Plan Trust 

 

 
 Agreement, as amended from time to time. Effective August 1, 2017, the Andeavor 401(k) Plan Trust, which is administered pursuant
to the terms of the Andeavor 401(k) Plan Trust Agreement, as it may be amended from time to time, or such other trust or trusts established to hold and invest contributions made under the Plan for the exclusive benefit of the Participants and former
Participants included in the Plan from which the benefits will be distributed.” 5. Article III, Section 3.1 of the Plan, is hereby amended in its entirety to read as follows: “3.1 Eligibility Requirements. Every Employee who, as of
the Effective Date hereof, is a Participant in the Plan shall continue to be a Participant in this Plan. Every other Employee who is not a Participant shall become a Participant in the Plan as of such Employee’s Employment Commencement Date.
Notwithstanding the foregoing, an Employee shall only be eligible to participate in the Plan for purposes of Section 4.4 hereof upon the Employee’s completion of a Year of Service. In addition to the foregoing, the following groups will
not be eligible to participate in the Plan for any purpose: (a) Employees who are eligible to participate in another plan that is qualified under Section 401(a) of the Code (other than the Andeavor Pension Plan (formerly known as the
Tesoro Corporation Retirement Plan)) and that is sponsored or maintained by the Company or to which the Company, an Employer or any Affiliate is legally obligated to make contributions or to otherwise reimburse the sponsor of such plan for
contributions thereunder; (b) Employees included in a unit of employees covered by a collective bargaining agreement between employee representatives and an Employer, if retirement benefits were the subject of good faith bargaining between such
employee representatives and the Employer, unless such collective bargaining agreement expressly provides, or has been deemed to provide, for the inclusion of such Employee under the Plan;
(c) non-resident aliens who receive no earned income from an Employer that constitutes income from sources within the United States; (d) leased employees (as defined in Section 2.1 (s) hereof);
(e) an individual who is not classified as an Employee on an Employer’s books and records (such as a person who as a matter of practice is classified by the Employer as an independent contractor or a contingent worker employed by another
entity, but who is later determined to be an Employee as a matter of fact) shall not be an eligible Employee during any part of a Plan Year in which such person was not classified as an Employee on the Employer’s books and records, despite any
classification or reclassification of such person for tax or other purposes; and (f) an individual who was previously employed by a predecessor entity, the assets or stock of which is acquired by the Company (or an Affiliate) and who is
excluded from participation in the Plan, as reflected in a written action of the Board that has not been rescinded (which action of the Board shall become a part of, and incorporated into, this Plan, to the same extent as an amendment to the Plan
even if taken prior to the date of this amendment).” 6. Article XVII, Section 17.1 of the Plan, is hereby amended in its entirety to read as follows: “17.1 Participation by Affiliates. Absent a written resolution of the Board to the
contrary, any Affiliate, whether now in existence or hereafter formed or acquired, which is not already an Employer under this Plan and which is a domestic organization and otherwise legally eligible, shall automatically become an Employer under
this Plan, 

 

 
 effective as of the date on which such domestic organization becomes an Affiliate. From and after such effective date, such
participating Affiliate shall assume all the rights, obligations and liabilities of an Employer hereunder and under the Trust. The administrative powers and control of the Company provided in the Plan and Trust, including the sole right to amendment
and termination, and of appointment and removal of the Committee and the Trustee and their successors, shall not be diminished by reason of the participation of any such participating organization in the Plan and Trust.” 7. Except as otherwise
expressly stated herein, the provisions of the Plan shall continue in full effect. IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the foregoing, these presents are fully executed in the name and on behalf of Andeavor by its proper
officer thereunto this 17th day of August, 2017. ANDEAVOR By: Kim Rucker Executive Vice President, General Counsel and Secretary 

 

 
 AMENDMENT NO. 7 TO THE ANDEAVOR 401(k) PLAN THIS AGREEMENT, made at San Antonio, Texas, effective as set forth herein, by Andeavor (the
“Company”): WITNESSETH: WHEREAS, the Company has previously maintained the Tesoro Corporation Thrift Plan, which was most recently amended and restated as of January 1, 2014, and subsequently amended and renamed the Andeavor 401(k)
Plan, effective August 1, 2017 (the “Plan”); and WHEREAS, the Company has retained the right to amend the Plan from time to time; and WHEREAS, the Company wishes to amend the Plan to make such other changes as deemed appropriate; and
NOW, THEREFORE, the Plan is hereby amended effective January 1, 2018, except as otherwise specifically stated herein, as follows: 1. Article II, Section 2.1, subsection (c) of the Plan, is hereby amended in its entirety, to read as
follows: “(c) Annual Compensation. Except as otherwise specifically provided herein, the total amounts paid by an Employer to an Employee as remuneration for personal services rendered during each Plan Year, as reported on the Employee’s
federal income tax withholding statement or statements (Form W-2 or its subsequent equivalent), together with any amounts not includable in the gross income of the Employee pursuant to Sections 125(a),
402(e)(3), or 132(f)(4) of the Code; differential wages paid to an individual with respect to any period during which the individual is performing service in the uniformed services (as defined in Chapter 43 of Title 38, United States Code) while on
active duty for more than thirty (30) days and which represents all or a portion of the wages the individual would have received from the Employer if the individual were performing service for the Employer; as well as any amounts deferred by
such Employee pursuant to a nonqualified deferred compensation plan sponsored by the Employer, but Annual Compensation shall not include (1) employer contributions to a plan of deferred compensation that are not included in the Employee’s
gross income for the taxable year in which contributed, or any distributions from a deferred compensation plan; (2) amounts realized from the exercise of a nonqualified stock option, or when restricted stock or property held by an Employee
either becomes freely transferable or is no longer subject to a substantial risk of forfeiture; (3) income realized from the exercise of stock appreciation rights and other stock awards granted to the Employee; (4) reimbursements or other
expense allowances, cash and noncash fringe benefits (other than qualified transportation expenses), and welfare benefits, even if such items are includible in the Employee’s gross income for the Plan Year; (5) moving expenses incurred by
an Employee; (6) recognition awards, bonuses (other than regular annual bonuses), project completion pay, housing allowances, stipends paid upon foreign assignment, and all other 

 

 
 extraordinary compensation; and (7) severance payments. For purposes of this Section 2.1(c), severance payments include
payments made after an Employee’s severance from employment, but shall not include amounts attributable to payments of regular wages and normal bonuses made within thirty (30) days following severance from employment that would have been
paid to the Employee prior to a severance from employment if the Employee had continued in employment with the Employer.” 2. Article II, Section 2.1, subsection (1) of the Plan, is hereby amended in its entirety, effective
January 1, 2017, to read as follows: “(1) Company Matching Contribution Account. A separate subaccount to which is credited a Participant’s Company Matching Contributions, Safe Harbor Matching Contributions and Discretionary True-Up Matching Contributions, if any, and any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto. As applicable, a Participant’s
Company Matching Contribution Account shall also include such Participant’s Virent Matching SubAccount.” 3. Article II, Section 2.1, subsection (bbb) of the Plan, is hereby amended in its entirety, to read as follows: “(bbb)
Trust. The Andeavor Savings Plan Trust Agreement, as it may be amended from time to time, or such other trust or trusts established to hold and invest contributions made under the Plan for the exclusive benefit of the Participants and former
Participants included in the Plan from which the benefits will be distributed.” 4. Article II, Section 2.1 of the Plan, is hereby amended to delete subsection (ccc)-l in its entirety. 5. Article II,
Section 2.1 of the Plan, is hereby amended to add subsection (ddd)-l, effective January 1, 2017, to read as follows: “(ddd)-1 Virent Matching Subaccount.
That portion of a Participant’s Company Matching Contribution Account that consists of amounts contributed as matching contributions to the Virent, Inc. 401(k) Profit Sharing Plan and that were merged into the Plan, effective May 15, 2017,
together with any earnings attributable thereto, adjusted to reflect any withdrawals, distributions or investment losses attributable thereto.” 6. Article II, Section 2.1, subsection (eee) of the Plan, is hereby amended to read as follows:
“(eee) Year of Service. A Year of Service shall be based upon an Employee’s entire period of Service, irrespective of the number of hours actually worked during such period. A Year of Service shall be credited for each 12-month period, which need not be consecutive, beginning with the Employee’s Employment Commencement Date, subject to the following provisions: 

 

 
 (i) Prior to the Effective Date, Years of Service shall be computed and counted pursuant to the provisions of the Prior Plan in effect
on the day before the Effective Date. (ii) A Participant shall receive credit for Years of Service incurred while employed with a predecessor of the Employer hereunder, whether such predecessor was a corporation, partnership, sole
proprietorship or other business entity, only as specified in an acquisition agreement relating to such predecessor. (iii) Any employee of USA Petroleum (or its affiliates) hired by an Employer on May 1, 2007 (the “USA Petroleum
Date”) or subsequent to that date following a return from an approved leave of absence, as part of the acquisition of substantially all of the assets of USA Petroleum shall also be granted Years of Service for the period such employee was
granted such service credit by USA Petroleum (or its affiliates). (iv) Any employee of Shell Oil Company hired by an Employer on May 11, 2007, or subsequent to that date following a return from an approved leave of absence, as part of the
acquisition of substantially all of the assets associated with the Shell Los Angeles Refinery shall also be granted Years of Service for the period such employee was granted such service by Shell Oil Company. (v) Effective June 1, 2013,
any employee of British Petroleum (or its affiliates) hired by an Employer on June 1, 2013, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by the Company of British Petroleum’s
fully integrated Southern California Refining and Marketing Business, shall also be granted Years of Service for the period such employee was granted such service credit by British Petroleum (or its affiliates). (vi) Effective June 19, 2013,
any employee of Chevron (or its affiliates) hired by an Employer on June 19, 2013, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Logistics LP from Chevron Pipe Line Co. and
Northwest Terminalling Co. of the Northwest Product Pipeline and Terminal System, shall also be granted Years of Service for the period such employee was granted such service credit by Chevron (or its affiliates). (vii) Effective January 11,
2016, any employee of Great Northern Midstream, LLC (or its affiliates) hired by an Employer on January 11, 2016, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Great Plains
Holding Co. LLC of Great Northern Midstream LLC (or its affiliates) shall be granted Years of Service for the period of his employment by Great Northern Midstream LLC (or its affiliates. Nonetheless, in no event shall any such employee be eligible
to participate in the Plan prior to February 21, 2016. 

 

 
 (viii) Effective June 20, 2016, any employee of Flint Hills Resources (or its affiliates) hired by an Employer on June 20,
2016, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Alaska Company LLC and Tesoro Alaska Terminals LLC of Flint Hills Resources’ wholesale marketing and logistics assets in
Anchorage and Fairbanks, Alaska shall be granted Years of Service for the period of his employment by Flint Hills Resources (or its affiliates). (ix) Effective June 28, 2016, any employee of Dakota Prairie Refining, LLC (or its affiliates)
hired by an Employer on June 28, 2016, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Refining & Marketing Company of Dakota Prairie Refining, LLC shall be granted
Years of Service for the period of his employment by Dakota Prairie Refining, LLC (or its affiliates). (x) Effective September 28, 2016, any employee of Virent, Inc. (or its affiliates) hired by an Employer on September 28, 2016, or
subsequent to that date following a return from an approved leave of absence, as part of the merger by and between Tesoro Refining & Marketing Company LLC, Tesoro Renewables Merger Sub Inc. and Virent, Inc. shall be granted Years of Service
for the period of his employment by Virent, Inc. (or its affiliates. Nonetheless, in no event shall any such employee be eligible to participate in the Plan prior to January 1, 2017. (xi) Effective December 2, 2014, any employee of QEP
Resources, Inc. (or its affiliates) hired by an Employer on December 2, 2014, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by Tesoro Logistics LP from QEP Resources, Inc. of its
wholly owned natural gas pipeline and processing business, QEP Field Services, LLC, shall also be granted Years of Service for the period such employee was granted such service credit by QEP Resources, Inc. (or its affiliates). (xii) Effective
January 1, 2017, any employee of Whiting Petroleum Corporation (or its affiliates) hired by an Employer on January 1 2017, or subsequent to that date following a return from an approved leave of absence, as part of the acquisition by
Tesoro Logistics LP from Whiting Petroleum Corporation of certain crude oil, natural gas and produced water gathering systems and two natural gas processing facilities, shall also be granted Years of Service for the period such employee was granted
such service credit by Whiting Petroleum Corporation (or its affiliates). (xiii) Effective January 1, 2018, any eligible employee of Western Refining, Inc. (or its affiliates), including its wholly-owned subsidiary, Northern Tier Energy LLC,
hired on or after June 1, 2017, including eligible employees who return to active employment of any of such entities subsequent to that date following a return from an approved leave of absence, as part of the acquisition of Western Refining,
Inc. shall be granted Years of Service for the period of his employment by Western Refining Inc. (or its affiliates), including its wholly- 

 

 
 owned subsidiary, Northern Tier Energy LLC. Nonetheless, in no event shall any such employee be eligible to participate in the Plan
prior to January 1, 2018. (xiv) In the case of a Participant who has five (5) or more consecutive Breaks in Service, all Years of Service incurred after such Breaks in Service will be disregarded for purposes of measuring Years of Service
before such Breaks in Service. (xv) If a Participant who does not have any nonforfeitable right to his Individual Account incurs a period of five (5) consecutive Breaks in Service, then all of his prior Years of Service incurred before
such Breaks in Service will be disregarded for purposes of measuring Years of Service after such Breaks in Service and shall no longer be credited to him.” 7. Article III, Section 3.1, of the Plan, is hereby amended to read as follows:
“3.1 Eligibility Requirements. Every Employee who, as of the Effective Date hereof, is a Participant in the Plan shall continue to be a Participant in this Plan. Every Employee who is employed by Western Refining, Inc. (or its affiliates),
including its wholly-owned subsidiary, Northern Tier Energy LLC, on January 1, 2018 shall become a Participant in the Plan on January 1, 2018, subject to the following provisions of this Section 3.1. Every other Employee who is not a
Participant shall become a Participant in the Plan as of such Employee’s Employment Commencement Date. Notwithstanding the foregoing, an Employee shall only be eligible to participate in the Plan for purposes of Section 4.4 hereof upon the
Employee’s completion of a Year of Service. In addition to the foregoing, the following groups will not be eligible to participate in the Plan for any purpose: (a) Employees who are eligible to participate in the Andeavor Retail 401(k)
Plan or any other plan that is qualified under Section 401(a) of the Code (other than the Andeavor Pension Plan (formerly known as the Tesoro Corporation Retirement Plan)) and that is sponsored or maintained by the Company or to which the
Company, an Employer or any Affiliate is legally obligated to make contributions or to otherwise reimburse the sponsor of such plan for contributions thereunder; (b) Employees included in a unit of employees covered by a collective bargaining
agreement between employee representatives and an Employer, if retirement benefits were the subject of good faith bargaining between such employee representatives and the Employer, unless such collective bargaining agreement expressly provides, or
has been deemed to provide, for the inclusion of such Employee under the Plan; (c) non-resident aliens who receive no earned income from an Employer that constitutes income from sources within the United
States; (d) leased employees (as defined in Section 2.1(s) hereof); (e) an individual who is not classified as an Employee on an Employer’s books and records (such as a person who as a matter of practice is classified by the Employer
as an independent contractor or a contingent worker employed by another entity, but who is later determined to be an Employee as a matter of fact) shall not be an eligible Employee during any part of a Plan Year in which such person was not
classified as an Employee on the Employer’s books and records, despite any classification or reclassification of such person for tax or other purposes; and (f) an individual who was previously employed by a predecessor entity, the assets
or stock of which is acquired by the Company (or an Affiliate) and who is excluded from participation in the Plan, as reflected in a written action of the Board that 

 

 
 has not been rescinded (which action of the Board shall become a part of, and incorporated into, this Plan, to the same extent as an
amendment to the Plan even if taken prior to the date of this amendment).” 8. Article X, Section 10.1 of the Plan, is hereby amended in its entirety, effective January 1, 2017, to read as follows: “10.1 Eligibility and Benefits.
If a Participant’s employment with his Employer and all Affiliates shall terminate for any reason other than his Retirement under Article VII, death under Article VIII, or Disability under Article IX, such Participant shall be entitled to the
entire amount to the credit of his Salary Reduction Contribution Account, Roth Contribution Account, Qualified Roth Transfer Account, Employee Contribution Account, Rollover Contribution Account, Nonelective Contribution Account and ESOP Transfer
Account, if applicable, and to the Safe Harbor Matching Contributions, and amounts attributable thereto, that are credited to such Participant’s Company Matching Contribution Account as of the Valuation Date coincident with or next preceding
the date of such termination, together with his portion, if any, of the Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions, Employee Contributions, Safe Harbor Matching Contributions
and Nonelective Contributions allocated after the date of his termination of employment, adjusted for earnings and losses, if any, that accrue to the Valuation Date immediately preceding the date of distribution, if later. Except to the extent
provided below, the percentage of the Company Matching Contributions and Discretionary True-Up Matching Contributions, and amounts attributable thereto, that are credited to the Participant’s Company
Matching Contribution Account, and the percentage of the Profit Sharing Contributions, and amounts attributable thereto, that are credited to the Participant’s Profit Sharing Contribution Account to which he is entitled shall be determined in
accordance with the following schedule: Percentage Completed Years of Service Payable Less than 1 year 0% 1 year or more 100% Notwithstanding the foregoing schedule, a Participant whose employment is involuntarily terminated as a result of a layoff
shall be 100% vested in his Account. The determination of whether the Participant’s employment has been “involuntarily terminated as a result of a layoff’ shall be made by the Company, in its sole and absolute discretion. Furthermore,
any Participant who was employed by Tesoro Hawaii, LLC as of September 25, 2013, the date of the sale by the Company of all of its interest in Tesoro Hawaii, LLC, shall be immediately 100% vested in his Account as of such date, notwithstanding
the foregoing schedule. Finally, notwithstanding the foregoing, a Participant whose Company Matching Contribution Account includes a Virent Matching SubAccount shall be entitled to such Virent Matching SubAccount only as determined in accordance
with the following schedule: 

 

 
 Percentage Completed Years of Service Payable Less than 1 year 0% 1 year but less than 2 years 25% 2 years but less than 3 years 50% 3
years but less than 4 years 75% 4 years or more 100% 9. Article X, Section 10.3 of the Plan, is hereby amended in its entirety, effective January 1, 2017, to read as follows: “10.3 Forfeitures. A Participant to whom Section 10.1
is applicable and who is not 100% vested in his Company Matching Contribution Account and Profit Sharing Contribution Account at the time of his termination of employment shall forfeit the amount credited to his Company Matching Contribution Account
and Profit Sharing Contribution Account and the amount thus forfeited shall remain in the Trust Fund and shall be utilized as provided in Section 6.6 hereof. A Participant to whom this Section 10.3 applies and who receives a cashout
distribution in accordance with the provisions of Section 12.3 hereunder shall forfeit the amount credited to his Company Matching Contribution Account and Profit Sharing Contribution Account in the Plan Year in which the cashout distribution
occurs. A Participant to whom this Section 10.3 applies and who has not received a cashout distribution under Section 12.3 shall forfeit the amount credited to his Company Matching Contribution Account and Profit Sharing Contribution
Account in the Plan Year in which he incurs five (5) consecutive Breaks in Service.” 10. Article XII, Section 12.3, of the Plan, is hereby amended in its entirety, effective January 1, 2017, to read as follows: “12.3 Cash
Out Distribution. If a former Participant who has received a distribution of his benefits hereunder on account of his termination of employment has forfeited the amount credited to his Company Matching Contribution Account and Profit Sharing
Contribution Account, as provided in Section 10.3 hereof, then in the event such former Participant is subsequently rehired by the Employer prior to the date on which he incurs five (5) consecutive Breaks in Service, the rehired
Participant’s Company Matching Contribution Account and Profit Sharing Contribution Account shall be credited with the exact amount that was nonvested at the time of termination, without adjustment for gains or losses. In the event a former
Participant who has received a distribution hereunder is not rehired by the Employer prior to incurring five (5) consecutive Breaks in Service, then the amount he forfeited at the time of his tennination of employment pursuant to the terms of
Section 10.3 herein shall remain forfeited. Such Participant’s prior Years of Service shall be taken into account, however, for purposes of determining his vested interest in contributions following reemployment.” 

 

 
 11. Article XII, Section 12.7 of the Plan, is hereby amended in its entirety, to read as follows: “12.7 Withdrawals.
Notwithstanding any other provisions of the Plan, subject to such procedures as may from time to time be adopted by the Committee, a Participant may make the following withdrawals: (a) Financial Hardship. A Participant may request a withdrawal
on account of financial hardship; provided, however, that the minimum amount that may be requested is Five Hundred Dollars ($500.00). A Participant who wishes to request a hardship withdrawal shall submit a request in such manner as prescribed by
the Committee. Upon approval of the Committee, the hardship withdrawal shall be taken first from that portion of his Salary Reduction Contribution Account that consists of Salary Reduction Contributions and
Catch-Up Contributions only, excluding any earnings accumulated thereon, and, upon exhaustion of all amounts in such Participant’s Salary Reduction Contribution Account, from his Roth Contribution
Account, and, upon exhaustion of all amounts in such Participant’s Roth Contribution Account, from that portion of his Qualified Roth Transfer Account that is attributable to such Participant’s Salary Reduction Contributions and Catch-Up Contributions, excluding any earnings accumulated thereon. A withdrawal is made on account of financial hardship if it is both made on account of an immediate and heavy financial need of the Participant and
is necessary to satisfy the financial need. The Committee shall adopt nondiscriminatory and objective standards regarding the granting of such requests. The determination of whether a Participant suffers sufficient hardship to justify the granting
of his request and of the amount permitted to be withdrawn under this Section shall be made in the sole and absolute discretion of the Committee after a full review of the Participant’s request and evidence presented by the Participant showing
financial hardship. If approved by the Committee, any withdrawal for financial hardship may not exceed the amount required to meet the immediate financial need created by the hardship, plus any amounts necessary to pay any federal, state, or local
income taxes or penalties reasonably anticipated to result from the withdrawal. Expenses that may warrant approval of a Participant’s request for a hardship withdrawal include: (i) Expenses for (or necessary to obtain) medical care for the
Participant or his or her spouse or dependents (as defined in Section 152 of the Code, without regard to Section 152(b)(1), (b)(2) or (d)(1)(B) thereof) that would be deductible under Section 213(d) of the Code (determined without
regard to whether the expenses exceed 7.5% of Participant’s adjusted gross income); (ii) Costs directly related to the purchase of a principal residence for the Participant (excluding mortgage payments); (iii) Payment of tuition, related
educational fees, and room and board expenses, for up to the next twelve (12) months of post-secondary education for the Participant, his or her spouse, children or dependents (as defined in Section 152 of the Code, without regard to
Section 152(b)(1), (b)(2) or (d)(1)(B) thereof); 

 

 
 (iv) Payments necessary to prevent the eviction of the Participant from his principal residence or foreclosure on the mortgage of the
Participant’s principal residence; (v) Payments for burial or funeral expenses for the Participant’s deceased parent, spouse, children or dependents (as defined in Section 152 of the Code, without regard to
Section 152(d)(1)(B) thereof); or (vi) Expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under Section 165 of the Code (determined without regard to whether
the loss exceeds 10% of the Participant’s adjusted gross income). A distribution will be treated as necessary to satisfy a financial need if the Committee relies upon the Participant’s representation (made in writing or such other form as
may be prescribed by the Commissioner of Internal Revenue), unless the Committee has actual knowledge to the contrary, that the financial need cannot reasonably be relieved: (i) through reimbursement or compensation by insurance or otherwise;
(ii) by liquidation of the Participant’s assets; (iii) by cessation of Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions and Employee Contributions, if applicable, under
the Plan; (iv) by other currently available distributions or nontaxable (determined at the time of the loan) loans from plans maintained by the Employer, or any other employer of such Participant; or (v) by borrowing from commercial
sources on reasonable commercial terms in an amount sufficient to satisfy the financial hardship. Notwithstanding any provision in this subsection (a) to the contrary, a Participant: (i) whose principal residence on August 23, 2017,
was located in one of the counties identified for individual assistance by the Federal Emergency Management Agency (“FEMA”) because of the devastation caused by Hurricane Harvey or whose place of employment was located in one of these
counties on that applicable date or whose lineal ascendant or descendant, dependent, or spouse had a principal residence or place of employment in one of these counties on that date; (ii) whose principal residence on September 4, 2017, was
located in one of the counties identified for individual assistance by FEMA because of the devastation caused by Hurricane Irma or whose place of employment was located in one of these counties on that applicable date or whose lineal ascendant or
descendant, dependent, or spouse had a principal residence or place of employment in one of these counties on that date; or (iii) whose principal residence on September 16, 2017, in the case of the U.S. Virgin Islands; September 17,
2017, in the case of Puerto Rico; or October 8, 2017, in the case of California (“Incident Date”) was located in 

 

 
 one of the areas identified for individual assistance by FEMA because of the devastation caused by these disasters or whose place of
employment was located in one of these areas on that date or whose lineal ascendant or descendant, dependent, or spouse had a principal residence or place of employment in one of these areas on that date shall be entitled to request a withdrawal on
account of financial hardship (each, a “Federal Disaster Relief Financial Hardship Withdrawal”); provided, however, that in the case of a Participant described in (i) above, such withdrawal shall be made no earlier than
August 23, 2017 and no later than January 31, 2018; in the case of a Participant described in (ii) above, such withdrawal shall be made no earlier than September 4, 2017 and no later than January 31, 2018; and in the case of
a Participant described in (iii) above, such withdrawal shall be made no earlier than the Incident Date and no later than March 15, 2018. The Committee may rely on such Participant’s representation as to the need for and amount of
such hardship distribution, unless the Committee has actual knowledge to the contrary. Upon a Participant’s receipt of a withdrawal for financial hardship, other than a Federal Disaster Relief Financial Hardship Withdrawal, such Participant
shall be prohibited from making Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions and Employee Contributions, if applicable, for a period of at least six (6) months, beginning on
the date on which the hardship withdrawal is made. A Participant may elect to resume Salary Reduction Contributions, Roth Contributions, Catch-Up Contributions and Employee Contributions, as applicable, as of
the first day of the first payroll period beginning on or after the last day of such six (6) month period by making a new salary reduction election to be effective as of the first day of the first payroll period beginning thereafter, or such
later payroll period specified by the Participant. No such six (6) month suspension shall apply in the case of a Federal Disaster Relief Financial Hardship Withdrawal. (b) Employee Contributions. A Participant may withdraw all or any part
of the value of his Employee Contribution Account and, upon exhaustion of all amounts in such Participant’s Employee Contribution Account, any part of the value of his Qualified Roth Transfer Account that is attributable to Employee
Contributions at any time by submitting a request in such manner as prescribed by the Committee. (c) Rollover Contributions. A Participant may withdraw all or any part of the value of his Rollover Contribution Account and, upon exhaustion of
all amounts in such Participant’s Rollover Contribution Account, any part of the value of his Qualified Roth Transfer Account that is attributable to Rollover Contributions at any time by submitting a request in such manner as prescribed by the
Committee. (d) Pre-2000 Company Matching Contributions. A Participant may withdraw up to one hundred percent (100%) of the value of his Company Matching Contribution Account that is attributable to
Company Matching Contributions made to the Plan for periods ending prior to January 1, 2000 and, upon exhaustion of all such amounts, any part of the value of his Qualified Roth Transfer Account that is attributable to such pre- 2000 Company Matching Contributions at any time by submitting a request in such manner as prescribed by the Committee. 

 

 
 (e) Nonelective Contributions. A Participant may withdraw all or any part of the value of his vested Nonelective Contribution Account,
if any, and, upon exhaustion of all amounts in such Participant’s Nonelective Contribution Account, any part of the value of his Qualified Roth Transfer Account that is attributable to Nonelective Contributions at any time by submitting a
request in such manner as prescribed by the Committee. (f) Withdrawals Upon Attainment of Age 591/2. A Participant who is still employed, has attained age 591/2 and has completed one (1) Year of Service may elect to withdraw all or any
portion of his Individual Account by submitting a request in such manner as prescribed by the Committee. Withdrawals shall be funded from the Participant’s Contribution Accounts in the order specified in the policies and procedures adopted by
the Committee. (g) ESQP Transfer Account. A Participant who has withdrawn the balance of his Employee Contribution Account and Rollover Contribution Account may withdraw all or any part of the value of his ESOP Transfer Account at any time by
submitting a request in such manner as prescribed by the Committee. The number of withdrawals made by a Participant from his ESOP Transfer Account shall not exceed one (1) in a twelve (12) month period. (h) Qualified Reservist
Distribution. A Participant whose Individual Account includes amounts merged into this Plan from the Virent, Inc. 401(k) Profit Sharing Plan and who is a Qualified Reservist may request a Qualified Reservist Distribution from that portion of his
Salary Reduction Contribution Account that consists of Salary Reduction Contributions and Catch-Up Contributions only, excluding any earnings accumulated thereon. Any such withdrawal will not be subject to the
10% early withdrawal penalty set forth in Section 72(t) of the Code. For purposes of this subsection (h), a “Qualified Reservist” is a Participant who is a reservist or national guardsman (as defined by 37 U.S.C. 101(24)) ordered or
called to active duty for a period in excess of 179 days or for an indefinite time after September 11, 2001. A “Qualified Reservist Distribution” is a distribution described herein to a Qualified Reservist of that portion of his
Salary Reduction Contribution Account that consists of Salary Reduction Contributions and Catch-Up Contributions only, excluding any earnings accumulated thereon, contributed during an Active Duty Period. An
“Active Duty Period” is the period beginning on the date the Qualified Reservist is ordered or called to active duty (provided such order or call occurred or occurs after September 11, 2001) and ending on the close of such active duty
period. A Qualified Reservist who receives a Qualified Reservist Distribution from the Plan may repay to an individual retirement plan of such Participant (in one or more contributions) the amount of the distribution at any time during the two-year period after the end of the Active Duty Period. A request made pursuant to this subsection must state that the Participant is a reservist or national guardsman, when the Participant was called to active
duty, and the time period for which he or she was called to active duty. The request must also specify the amount of the withdrawal, which amount may not exceed that portion of his Salary Reduction Contribution Account that consists of Salary
Reduction Contributions and 

 

 
 Catch-Up Contributions only, excluding any earnings accumulated thereon, contributed during an
Active Duty Period. The Committee will be entitled to rely upon the Participant’s representations set forth in his or her request, unless the Committee has actual knowledge to the contrary. The amount available for any withdrawal permitted
under this Section 12.7 shall be determined as of the Valuation Date concurrent with or next preceding the date on which the Committee receives the Participant’s request for withdrawal, and the withdrawal amount shall be distributed to the
Participant as soon as practicable thereafter. Withdrawals shall be taken pro rata from each investment fund with respect to which a Participant has directed the investment of his Individual Account, or the portion of his Individual Account from
which such withdrawal is funded, as the case may be.” 12. Except as otherwise expressly stated herein, the provisions of the Plan shall continue in full effect. [Signature page follows] 

 

 
 IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the foregoing, these presents are fully executed in the name and on
behalf of Andeavor by its proper officer thereunto this 15th day of December, 2017. ANDEAVOR By: Kim K.W. Rucker Executive Vice President, General Counsel and Secretary

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