Document:

Exhibit 10.7

		

			 

		

		
			Exhibit 10.7
		

		
			 
		

		
			AIRCRAFT MAINTENANCE LABOR POOLING AGREEMENT
		

		
			 
		

		
			
		

		
			This Agreement is entered into between Murphy Oil Corporation (“Murphy”) and Murphy Oil USA, Inc. (“MOUSA”) to take effect this ___30th__ day of ________August__________, 2013.
		

		
			Murphy agrees to employ at its hangars at Goodwin Field, El Dorado, Arkansas, a maintenance manager and ___2__ aircraft technicians (these __3__ employees are referred to herein collectively as the “Technicians”) who will be available for maintenance and service with respect to the aircraft housed at the hangars and belonging to Murphy and MOUSA as follows:
		

			
					
						 

				
	
					
						MOUSA Citation

					
					
						N370M

				
	
					
						Murphy Falcon

					
					
						N350M

				
	
					
						Murphy Falcon

					
					
						N360M

				
	
					
						Murphy Sovereign

					
					
						N115WZ

				

		
			 
		

		
			In consideration of the availability of the services of the Technicians, MOUSA agrees to reimburse Murphy, on the basis of Murphy’s actual cost of employing the Technicians, including salary, payroll taxes, employee benefits and training expense, but without any overhead allocable thereto, a portion of such cost as follows:
		

		
			1.  One-half of the total cost of employing the Technicians shall be allocated to Murphy and MOUSA on the basis of one-fourth to each aircraft; and
		

		
			2.  The remaining one-half of such cost will be allocated to each party for each six months ending June 30 and December 31 in each year in proportion to the number of hours flown by the above-described aircraft, provided that MOUSA will never be allocated more 
		

		 

		

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		than one-fourth of such costs regardless of the number of hours flown by it, and any amount which cannot be allocated to MOUSA because of this limitation shall be allocated to Murphy.
		

		
			3.  This agreement applies only to the cost of employing the Technicians and any special tools required.  Each party will be separately responsible for all other costs, (based on the ownership of each aircraft) including the costs of parts and supplies used on its aircraft. 
		

		
			4.  Each party shall have sole control, direction and supervision over the Technicians as to maintenance performed and services provided with respect to that party’s aircraft and each party shall be solely responsible for the results and consequences of such maintenance and service.  No party assumes any liability for or shall be responsible for any results or consequences of any maintenance performed, or service provided, or not provided, with respect to the other party’s aircraft.
		

		
			5.  Murphy will provide MOUSA with a report of reimbursable costs under this Agreement and will bill MOUSA for its share of such costs in arrears for each six month period.
		

		
			6.  Either party may terminate this Agreement upon 30 days written notice to the other party in which event charges to be allocated under this Agreement shall be prorated on the basis of the number of days this Agreement has been in effect since the last billing date.
		

		 

		

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			Murphy Oil Corporation
		

		
			/s/ Walter K. Compton
		

		
			By:___Walter K. Compton_____
		

		
			Its:_Senior Vice President and General Counsel__
		

		
			 
		

		
			Murphy Oil USA, Inc.
		

		
			/s/ John A. Moore
		

		
			By:_John A. Moore______________
		

		
			Its:_General Counsel and Secretary____
		

		 

		

			3Exhibit 10.8

		
			Exhibit 10.8
		

		
			AIRPLANE INTERCHANGE AGREEMENT
		

		
			            This Airplane Interchange Agreement (the “Interchange Agreement”), made and executed on the ____30th____ day of August, 2013, by and between Murphy Oil USA, Inc. (“MOUSA”) and MURPHY OIL CORPORATION (“Murphy”) (when using or having used the other party’s aircraft MOUSA and Murphy shall be referred to as “Lessee”, when providing or having provided its aircraft to the other party MOUSA and Murphy shall be referred to as “Lessor”).
		

		
			WITNESSETH:
		

		
			1.  MOUSA is a Delaware corporation with offices at 422 North Washington Avenue, El Dorado, Arkansas 71730.
		

		
			2.  Murphy is a Delaware corporation, with offices at 200 East Peach Street, El Dorado, Arkansas 71730.
		

		
			3.  MOUSA is the sole owner of civil aircraft number N370M known as a Citation C560XL based at El Dorado, Arkansas (“the MOUSA Aircraft”).
		

		
			4.  Murphy is the sole owner of civil aircraft numbers N350M known as a Falcon 2000,  N360M known as a Falcon 2000 EX, and N115WZ known as a Cessna Sovereign all of which are based at El Dorado, Arkansas (each aircraft individually known as “Murphy’s Aircraft”).
		

		
			5.  MOUSA is desirous of using Murphy’s Aircraft, from time to time, in exchange for usage by Murphy of the MOUSA Aircraft, and Murphy is desirous of using the MOUSA Aircraft, from time to time in exchange for usage by MOUSA of Murphy’s Aircraft.
		

		
			                NOW THEREFORE, the parties hereto, for consideration hereinafter named, and other good and valuable consideration, hereby agree that:
		

		
			 
		

			
			
				 1.
			

			
			
			The parties agree to interchange the identified aircraft as provided for in Federal Aviation Regulation (“FAR”) Sections 91.501 (b) (6) and 91.501 (c) 

		
			(2).
		

			
			
				 a.
			

			
			
			MOUSA agrees to lease the MOUSA Aircraft to Murphy as required by Murphy upon adequate notice to CHIEF PILOT, or in his absence John Moore, so long as MOUSA Aircraft is not otherwise being used by MOUSA, and in consideration therefore agrees to lease Murphy’s Aircraft with flight crew for an equal number of hours of usage when needed.

		 

 

			
			
				 b.
			

			
			
			Murphy agrees to lease Murphy’s Aircraft to MOUSA as required by MOUSA upon adequate notice to B. Scott Cowling, or in his absence, Kelli M. Hammock, so long as Murphy’s Aircraft is not otherwise being used by Murphy, and in consideration therefore agrees to lease MOUSA’s Aircraft and flight crew for an equal number of hours of usage when needed.

			
			
				 c.
			

			
			
			Murphy agrees and understands that for every and each time that Murphy uses the MOUSA Aircraft under this Interchange Agreement, the scheduling, usage and operation of said civil aircraft will be under the supervision and operational control of MOUSA.

			
			
				 d.
			

			
			
			MOUSA agrees and understands that for every and each time that MOUSA uses Murphy’s Aircraft under this Interchange Agreement, the scheduling, usage and operation of said civil aircraft will be under the supervision and operational control of Murphy.

		
			 
		

			
			
				 2.
			

			
			
			If at the annual anniversary date of the Interchange Agreement, one party has used the other party’s aircraft in excess of the number of hours that the other party has used the former’s aircraft, the party with excess hourly usage shall not be permitted to lease the other party’s aircraft under this Interchange Agreement until the excess usage is reduced to zero, or such other figure as may be mutually agreed by the parties.

		
			 
		

			
			
				 3.
			

			
			
			Each party warrants and covenants that it will use the other party’s aircraft for and on account of its own business only, and will not use such aircraft for the purposes of providing transportation of passengers or cargo in air commerce for compensation or hire except as may be authorized in Section 91.501 (b) of the FARs and any amendments thereto.

		
			 
		

			
			
				 4.
			

			
			
			Each party represents that it has the lawful right to lease its aircraft to the other party in accordance with the terms hereof, and to enter into this Interchange Agreement.

		
			 
		

			
			
				 5.
			

			
			
			Lessor shall be responsible for furnishing a fully-qualified flight crew with its aircraft and shall retain operational control of its aircraft.

		
			 
		

			
			
				 6.
			

			
			
			Each party specifically agrees that the flight crew of an aircraft leased pursuant to this Interchange Agreement, in its sole discretion, may terminate any flight, refuse to commence any flight, or take other action, which in the reasoned judgment of the pilot-in-command is necessitated by considerations of safety.  No such action of the pilot-in-command shall create or support any 
		

		 

 

		liability for loss, injury, damage or delay to either party or any other person. The parties further agree that neither party shall be liable for delay or failure to furnish or return an aircraft or flight crew pursuant to this Interchange Agreement when such failure is caused by governmental regulation or authority, mechanical difficulty, war, commotion, strikes or labor disputes, weather conditions, acts of God or any other circumstance beyond the reasonable control of such party.

		
			 
		

			
			
				 7.
			

			
			
			Each party will pay all taxes, assessments, and charges imposed by any national state, municipal, or other public or airport authority on its aircraft except that Lessee when using an aircraft under this Interchange Agreement shall pay user fees or taxes imposed as a direct result of that aircraft’s use by Lessee.

		
			 
		

			
			
				 8.
			

			
			
			Each party agrees to maintain and keep its aircraft and all components in good order and repair, in accordance with the requirements of the Federal Aviation Administration or any other governmental authority having jurisdiction, to immediately comply with all Airworthiness Directives and mandatory Service Bulletins, and to replace or repair components, equipment, instruments, or accessories which may be worn out, lost, destroyed, confiscated, or otherwise rendered unsatisfactory or unavailable for use in or on its aircraft.

		
			 
		

			
			
				 9.
			

			
			
			At its own expense, each party agrees to keep its aircraft insured, with companies of nationally recognized responsibility and standing reasonably acceptable to the other party, for such amounts and against such hazards as the parties may together require, including, but not limited to, hull damage and liability for personal injuries, death or property damage, arising from or in any manner occasioned by the acts or negligence of Lessor or others in custody, operation or use of the aircraft, with losses under the hull damage policies payable to the Lessor or owner of the aircraft. Each party agrees to name the other party as an additional insured on said policy have its policy endorsed to waive underwriter’s right of subrogation against the other party. Each party agrees to deliver insurance certificates confirming the insurance coverage required hereunder.

		
			 
		

			
			
				 10.
			

			
			
			Each party agrees that if it shall fail to use, preserve, and maintain its aircraft, discharge all taxes, liens, or charges, pay all costs and expenses, or procure and maintain insurance, in the manner above provided, the other party, at its 
		

		 

 

		option, may do so, and charge the non-paying party all such advances incurred by the paying party.

		
			 
		

			
			
				 11.
			

			
			
			Each party agrees to use the other party’s aircraft only for the purposes and in the manner set forth in any application for insurance executed in connection with such aircraft, to abide by and conform to, and cause others to abide by and conform to, all federal, state and municipal laws, rules and regulations, controlling or in any way affecting the operation, use, or occupancy of the aircraft or the use of any airport premises by the aircraft and to conform all operations within the restrictions and limitations of the manufacturer.

		
			 
		

			
			
				 12.
			

			
			
			Each party agrees (i) to use the other party’s aircraft in a careful manner so as not to diminish its value or appearance other than through ordinary wear and tear, and (ii) not to sell, or attempt to sell, or assign or dispose of the other party’s aircraft, or of any interest therein, or in any part thereof, or equipment necessary thereto, or suffer or permit any charge, lien or encumbrance of any nature upon the other party’s aircraft, or any part thereof, or lend or rent the same, or remove or permit the other party’s aircraft to be removed from its designated home airport without the owner’s prior consent.

		
			 
		

			
			
				 13.
			

			
			
			Each party agrees that upon termination of its utilization of the other party’s aircraft hereunder, said aircraft shall be returned to the Lessor thereof in the same or as good condition as when received, normal wear and tear excepted and damages caused or arising out of the negligence or willful misconduct of the operating Lessor excepted.

		
			 
		

			
			
				 14.
			

			
			
			Lessor assumes liability for, and shall indemnify, protect, save and keep harmless Lessee and its agents, servants, successors and assigns (an “Indemnitee”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs and expenses, including legal expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any Indemnitee, in any way relating to or arising out of Lessor’s operations of its aircraft pursuant to this Interchange Agreement; provided, however, that Lessor shall not be required to indemnify any Indemnitee for loss or liability resulting solely from the willful misconduct or negligence of such Indemnitee. The provisions of this Section shall survive the expiration or earlier termination of this Interchange Agreement.

		
			 
		

		 

 

			
			
				 15.
			

			
			
			All risks of loss or damage to an aircraft leased pursuant to this Interchange Agreement, from whatever cause (except for acts of willful misconduct or negligence of Lessee or its officers, agent, servants or employees), are hereby assumed by Lessor. If the aircraft is damaged, and is capable of being repaired, the Lessor shall have the option (subject to the insurer’s rights under any relevant insurance policy) of either repairing or replacing its aircraft or terminating this Interchange Agreement.

		
			 
		

			
			
				 16.
			

			
			
			The parties to this Interchange Agreement agree and covenant that this Interchange Agreement or any interest herein may not be assigned without the written consent of the other party.

		
			 
		

			
			
				 17.
			

			
			
			The term of this Interchange Agreement is from month to month unless and until cancelled by either party upon 30 days written notice to the other. It is agreed and understood, by and between the parties, that this is an interchange agreement for equal aircraft time, when needed, under the Interchange Agreement provisions of Part 91, Subpart F (Sections 91.501 (b) (6) and (c) (2)) of the FARs, and time of utilization is to be measured in aircraft flight hours as opposed to a calendar time period.

		
			 
		

			
			
				 18.
			

			
			
			This Interchange Agreement shall be construed in accordance with and governed by the laws of the State of Arkansas.

		
			 
		

			
			
				 19.
			

			
			
			All notices and other communications under this Interchange Agreement shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt or refusal to accept receipt) by delivery in person, by telefax (with a simultaneous confirmation copy sent by first class mail properly addressed and postage prepaid), or by a reputable overnight courier service, addressed as follows:

		
			 
		

		
			If to MOUSA:                        Murphy Oil USA, Inc.
		

		
			                                                422 North Washington Avenue 
		

		
			                                                El Dorado, AR  71730
		

		
			                                                Attn: John Moore
		

		
			                                                Telephone: (870) 875-7517
		

		
			                                                Telefax: (870) 862-5299
		

		
			 
		

		
			If to Murphy:                        Murphy Oil Corporation
		

		
			                                                200 East Peach St (71730)
		

		
			                                                P.O. Box 7000
		

		

		

		 

 

		                                                El Dorado, AR 71731-7000
		

		
			                                                Attn: Kelli M. Hammock
		

		
			                                                Telephone: (870) 864-6286
		

		
			                                                Telefax: (870) 864-6231
		

		
			 
		

		
			or to such other person or address as either party shall from time to time designate by writing to the other party.
		

		
			 
		

			
			
				 20.
			

			
			
			If any provision of this Interchange Agreement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions shall not be affected or impaired.

		
			 
		

			
			
				 21.
			

			
			
			This Interchange Agreement constitutes the entire agreement, both written and oral, among the parties and their respective representatives with respect to the subject matter hereof and is not intended to confer upon any other person any rights or remedies hereunder not expressly granted thereto. This Interchange Agreement shall not be amended or modified unless in writing duly signed by the parties.

		
			 
		

			
			
				 22.
			

			
			
			This Interchange Agreement may be executed in counterparts, each of which shall be deemed an original, but all counterparts shall constitute one instrument.

		
			 
		

			
			
				 23.
			

			
			
			TRUTH IN LEASING STATEMENT UNDER SECTION 91.23 OF THE FARS :

		
			 
		

			
			
				 a.
			

			
			
			MOUSA HEREBY CERTIFIES THAT THE MOUSA AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE 12 MONTH PERIOD PRECEDING THE DATE OF THIS INTERCHANGE AGREEMENT IN ACCORDANCE WITH THE PROVISIONS OF FAR PART 91 AND ALL APPLICABLE REQUIREMENTS FOR THE MAINTENANCE AND INSPECTION THEREUNDER HAVE BEEN MET.

			
			
				 b.
			

			
			
			MURPHY HEREBY CERTIFIES THAT MURPHY’S AIRCRAFT HAVE BEEN INSPECTED AND MAINTAINED WITHIN THE 12 MONTH PERIOD PRECEDING THE DATE OF THIS INTERCHANGE AGREEMENT IN ACCORDANCE WITH THE PROVISIONS OF FAR PART 91 AND ALL APPLICABLE REQUIREMENTS FOR THE MAINTENANCE AND INSPECTION THEREUNDER HAVE BEEN MET.

		 

 

			
			
				 c.
			

			
			
			MOUSA, WHOSE ADDRESS AND AUTHORIZED SIGNATURE APPEAR BELOW, AGREES, CERTIFIES AND KNOWINGLY ACKNOWLEDGES THAT WHEN THE MOUSA AIRCRAFT IS OPERATED UNDER THIS INTERCHANGE AGREEMENT, CHM/PRUET SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN FACT BE THE OPERATOR OF THAT AIRCRAFT.

		
			 
		

		
			 
		

		
			BY:   /s/ Craig Smart                                         
		

		
			NAME:            Craig Smart
		

		
			TITLE:            Chief Pilot
		

		
			ADDRESS:            422 North Washington Avenue
		

		
			                        El Dorado, AR  71730
		

		
			 
		

			
			
				 d.
			

			
			
			MURPHY, WHOSE ADDRESS AND AUTHORIZED SIGNATURE APPEAR BELOW, AGREES, CERTIFIES AND KNOWINGLY ACKNOWLEDGES THAT WHEN THE CHM/PRUET AIRCRAFT IS OPERATED UNDER THIS INTERCHANGE AGREEMENT, CHM/PRUET SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN FACT BE THE OPERATOR OF THAT AIRCRAFT.

		
			 
		

		
			 
		

		
			BY:     /s/ B. Scott Cowling                         
		

		
			NAME:            B. Scott Cowling
		

		
			TITLE:            Aviation Manager
		

		
			ADDRESS:            200 East Peach Street (71730)
		

		
			P.O. Box 7000
		

		
			                        El Dorado, AR  71731-7000
		

		
			 
		

			
			
				 e.
			

			
			
			THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FARS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. THE PARTIES HEREBY AGREE TO SEND A TRUE COPY OF THIS EXECUTED AGREEMENT TO: FEDERAL AVIATION ADMINISTRATION, AIRCRAFT REGISTRATION BRANCH ATTN: TECHNICAL STATION, P.O. BOX 25724, OKLAHOMA CITY, OKLAHOMA 73125, WITHIN 24 HOURS OF ITS EXECUTION, AS PROVIDED BY FAR 91.23 (c) (1).

		
			 
		

		
			(Signature Page Follows)
		

		

		

		 

 

		 
		

		
			 
		

		
			            IN WITNESS WHEREOF, the parties hereto have placed their hands on this 30th day of August 2013.
		

		
			 
		

		
			MURPHY OIL CORPORATION                        MURPHY OIL USA, INC.
		

		
			                                                            
		

		
			BY:  /s/ Walter K. Compton                                  BY: /s/ John A. Moore                        
		

		
			 
		

		
			NAME:   Walter K. Compton                                NAME:    John A. Moore                      
		

		
			 
		

		
			TITLE: Senior Vice President and General Counsel            TITLE: General Counsel and Secretary
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			[Interchange Agreement Signature Page]

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