Document:

Form of Salary Continuation Agreement

 Exhibit 10.13 
 Form of Salary Continuation Agreement 
 REDDING BANK OF COMMERCE

 SALARY CONTINUATION AGREEMENT 
 This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this             day of
            , by and between REDDING BANK OF COMMERCE, a state-chartered commercial bank located in Redding, California (the “Bank”), and
            (the “Executive”). 
 The purpose of this
Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated employees who contribute materially to the continued growth, development and future business success of the Bank. This
Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended from time to time. 

Article 1 

Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 
  

	1.1	“Accrual Balance” means the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the
Bank’s obligation to the Executive under this Agreement, by applying Accounting Principles Board Opinion Number 12 as amended by Statement of Financial Accounting Standards Number 106 and the Discount Rate. Any one of a variety of amortization
methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently applied. 

  

	1.2	“Beneficiary” means each designated person or entity, or the estate of the deceased Executive, entitled to any benefits upon the death of the Executive
pursuant to Article 4. 

  

	1.3	“Beneficiary Designation Form” means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns
to the Plan Administrator to designate one or more Beneficiaries. 

  

	1.4	“Board” means the Board of Directors of the Bank as from time to time constituted. 

 

	1.5	 “Change in Control” means (i) a Change in the Ownership of the Relevant Corporation, (ii) a Change in the Effective Control
of the Relevant Corporation, or (iii) or a Change in the Ownership of a Substantial Portion of the Assets of the Relevant Corporation, as those terms are defined herein. The events giving rise to the Change in Control must be objectively
determinable, and the Board, in a ministerial capacity, shall certify there is a Change in Control only when the events giving rise to the Change in Control are objectively determinable. The Board shall not have any discretionary authority to
certify 

	 	
that there has been a Change in Control except at provided in the preceding sentence. Notwithstanding anything to the contrary, (i) the term “Change in Control” shall be
interpreted in accordance with Section 409A; (ii) any event which constitutes a “Change in Control” for purposes of this Agreement; (iii) and any event which does not constitute a “Change in Control” under
Section 409A shall not constitute a “Change in Control” for purposes of this Agreement. 

  

	 	A.	“Change in the Effective Control of the Relevant Corporation” means either of the following: 

 

	 	i.	That one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent
acquisition by such person or persons) ownership of stock of the Relevant Corporation processing thirty-five percent (35%) or more of the total voting power of the stock of the Relevant Corporation, provided that no other corporation is a
majority shareholder of the Relevant Corporation; or 

  

	 	ii.	That a majority of the members of the board of directors of the Relevant Corporation are replaced during any twelve (12) month period by directors whose
appointment or election is not endorsed by a majority of the board members of the Relevant Corporation prior to the date of the appointment or election, provided that no other corporation is a majority shareholder of the Relevant Corporation.

  

	 	B.	“Change in the Ownership of the Relevant Corporation” means that any one person, or more than one person acting as a group, acquires ownership of stock of the
Relevant Corporation that, together with stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Relevant Corporation. However, if any one person, or
more than one person acting as a group, is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Relevant Corporation, the acquisition of additional stock by the same person or
persons is not considered to cause a Change in the Ownership of the Relevant Corporation (or to cause a Change in the Effective Control of the Relevant Corporation as defined herein). An increase in the percentage of stock owned by any one person,
or persons acting as a group, as a result of a transaction in which the Relevant Corporation acquires its stock in exchange for property will be treated as an acquisition of stock for purposes of this Agreement. A Change in the Ownership of the
Relevant Corporation (or issuance of stock of the Relevant Corporation) and stock in the Relevant Corporation remains outstanding after the transaction. 

  

	 	C.	 “Change in the Ownership of a Substantial Portion of the Assets of the Relevant Corporation” means that any one person, or more than one
person acting as a 

	 	
group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Relevant Corporation that
have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the Relevant Corporation immediately prior to such acquisition or acquisitions. For this purpose, gross
fair market value means the value of the assets of the Relevant Corporation, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 

 

	 	D.	“Relevant Corporation” means (i) the corporation for whom the Executive is performing services at the time of the Change in Control event; (ii) the
corporation that is liable for the payment of the deferred compensation under this Plan; or (iii) a corporation that is a majority shareholder of a corporation identified in sections (i) or (ii) above, or any corporation in a chain of
corporation in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation identified in sections (i) or (ii) above. A majority shareholder is a shareholder owning more than fifty percent
(50%) of the total fair market value and total voting power of such corporation. Stock underlying a vested option is considered owned by the individual who holds the vested option, and the stock underlying an unvested option is not considered
owned by the individual who holds the unvested option. However, if a vested option is exercisable for stock that is not substantially vested, the stock underlying the option is not treated as owned by the individual who holds the option.

  

	1.6	“Code” means the Internal Revenue Code of 1986, as amended, and all regulations and guidance thereunder, including such regulations and guidance as may
be promulgated after the Effective Date. 

  

	1.7	“Disability” means the Executive: (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically determinable physical or mental impairment which can
be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan
covering employees or directors of the Bank. Medical determination of Disability may be made by either the Social Security Administration or by the provider of disability insurance covering employees or directors of the Bank provided that the
definition of “disability” applied under such insurance program complies with the requirements of the preceding sentence. Upon the request of the Plan Administrator, the Executive must submit proof to the Plan Administrator of the Social
Security Administration’s or the provider’s determination. 

  

	1.8	“Discount Rate” means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%).
However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance. 

	1.9	“Early Termination” means the Executive’s Termination of Employment before attainment of Normal Retirement Age except when such Termination of
Employment occurs within twenty-four (24) months following a Change in Control or due to death or Termination for Cause. 

  

	1.10	“Effective Date” means             . 

 

	1.11	“Normal Retirement Age” means the Executive’s age sixty-five (65). 

 

	1.12	“Plan Administrator” means the Board or such committee or person as the Board shall appoint. 

 

	1.13	“Plan Year” means each twelve (12) month period commencing on January 1 and ending on December 31 of each year. The initial Plan Year
shall commence on the Effective Date of this Agreement and end on the following December 31. 

  

	1.14	“Specified Employee” means an employee who at the time of Termination of Employment is a key employee of the Bank, if any stock of the Bank is publicly
traded on an established securities market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the
regulations thereunder and disregarding section 416(i)(5)) at any time during the twelve (12) month period ending on December 31 (the “identification period”). If the employee is a key employee during an identification period,
the employee is treated as a key employee for purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the close of the identification period. 

 

	1.15	“Termination for Cause” means Termination of Employment for: 

 

	 	(a)	Gross negligence or gross neglect of duties to the Bank; 

  

	 	(b)	Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the Executive’s employment with the Bank; or

  

	 	(c)	Fraud, disloyalty, dishonesty or willful violation of any law or significant Bank policy committed in connection with the Executive’s employment and resulting in a
material adverse effect on the Bank. 

  

	1.16	 “Termination of Employment” means termination of the Executive’s employment with the Bank for reasons other than death. Whether a
Termination of Employment has occurred is determined in accordance with the requirements of Code Section 409A based on whether the facts and circumstances indicate that the Bank and Executive reasonably anticipated that no further services
would be performed after a certain date or that the level of bona fide services the Executive would perform after such date (whether as an 

	 	
employee or as an independent contractor) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an
independent contractor) over the immediately preceding thirty-six (36) month period (or the full period of services to the Bank if the Executive has been providing services to the Bank less than thirty-six (36) months).

 Article 2 
 Distributions During Lifetime 
  

	2.1	Normal Retirement Benefit. Upon Termination of Employment after attaining Normal Retirement Age, the Bank shall distribute to the Executive the benefit described
in this Section 2.1 in lieu of any other benefit under this Article. 

  

	 	2.1.1	Amount of Benefit. The annual benefit under this Section 2.1 is
            ($            ). 

  

	 	2.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day
of the month following Termination of Employment. The annual benefit shall be distributed to the Executive for ten (10) years. 

  

	2.2	Early Termination Benefit. If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any
other benefit under this Article. 

  

	 	2.2.1	Amount of Benefit. The benefit under this Section 2.2 is the Accrual Balance determined as of the end of the Plan Year preceding Termination of Employment.

  

	 	2.2.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in one hundred twenty (120) equal monthly installments commencing on the
first day of the month following Termination of Employment. 

  

	2.3	Disability Benefit. If the Executive experiences a Disability which results in a Termination of Employment prior to Normal Retirement Age, the Bank shall
distribute to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article. 

  

	 	2.3.1	Amount of Benefit. The benefit under this Section 2.3 is one hundred percent (100%) of the Accrual Balance determined as of the end of the Plan
Year preceding Termination of Employment. 

  

	 	2.3.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in one hundred twenty (120) equal monthly installments commencing on the
first day of the month following Termination of Employment. 

	2.4	Change in Control Benefit. If a Change in Control occurs, followed within twenty-four (24) months by Termination of Employment, the Bank shall distribute to
the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article. 

  

	 	2.4.1	Amount of Benefit. The benefit under this Section 2.4 is one hundred percent (100%) of the Accrual Balance determined as of the end of the Plan
Year preceding Termination of Employment 

  

	 	2.4.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in one hundred twenty (120) equal monthly installments commencing on the
first day of the month following Normal Retirement Age. 

  

	 	2.4.3	Parachute Payments. Notwithstanding any provision of this Agreement to the contrary, and to the extent allowed by Code Section 409A, if any benefit payment
under this Section 2.4 would be treated as an “excess parachute payment” under Code Section 280G, the Bank shall reduce such benefit payment to the extent necessary to avoid treating such benefit payment as an excess parachute
payment. 

  

	2.5	Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a Specified
Employee, the provisions of this Section 2.5 shall govern all distributions hereunder. If benefit distributions which would otherwise be made to the Executive due to Termination of Employment are limited because the Executive is a Specified
Employee, then such distributions shall not be made during the first six (6) months following Termination of Employment. Rather, any distribution which would otherwise be paid to the Executive during such period shall be accumulated and paid to
the Executive in a lump sum on the first day of the seventh month following Termination of Employment. All subsequent distributions shall be paid in the manner specified. 

 

	2.6	Distributions Upon Taxation of Amounts Deferred. If, pursuant to Code Section 409A, the Federal Insurance Contributions Act or other state, local or foreign
tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of Code section 409A. Any such distribution will decrease the
Executive’s benefits distributable under this Agreement. 

  

	2.7	Change in Form or Timing of Distributions. For distribution of benefits under this Article 2, the Executive and the Bank may, subject to the terms of
Section 8.1, amend this Agreement to delay the timing or change the form of distributions. Any such amendment: 

  

	 	(a)	may not accelerate the time or schedule of any distribution, except as provided in Code Section 409A; 

 

	 	(b)	must, for benefits distributable under Section 2.4, be made at least twelve (12) months prior to the first scheduled distribution; 

 

	 	(c)	must, for benefits distributable under Sections 2.1, 2.2, 2.3 and 2.4, delay the commencement of distributions for a minimum of five (5) years from the date the
first distribution was originally scheduled to be made; and 

	 	(d)	must take effect not less than twelve (12) months after the amendment is made. 

Article 3 

Distribution at Death 
  

	3.1	Death During Active Service. If the Executive dies prior to Termination of Employment, the Bank shall distribute to the Beneficiary the benefit described in this
Section 3.1. This benefit shall be distributed in lieu of any benefit under Article 2. 

  

	 	3.1.1	Amount of Benefit. The benefit under this Section 3.1 is the Normal Retirement Benefit described in Section 2.1.1. 

 

	 	3.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Beneficiary in twelve (12) equal monthly installments for ten (10) years
commencing on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate. 

 

	3.2	Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such
distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived. 

 

	3.3	Death Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement but dies prior to the date
that commencement of said benefit distributions are scheduled to be made under this Agreement, the Bank shall distribute to the Beneficiary the same benefits to which the Executive was entitled prior to death, except that the benefit distributions
shall be paid in the manner specified in Section 3.1.2 and shall commence on the first day of the fourth month following the Executive’s death. 

 Article 4 
 Beneficiaries 

 

	4.1	In General. The Executive shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Agreement upon the death
of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Executive participates. 

 

	4.2	 Designation. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the
Plan Administrator or its 

	 	
designated agent. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal consent is
required to be provided in a form designated by the Plan Administrator, executed by the Executive’s spouse and returned to the Plan Administrator. The Executive's beneficiary designation shall be deemed automatically revoked if the Beneficiary
predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the
Beneficiary Designation Form and the Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan
Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator prior to the Executive’s death. 

 

	4.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Plan
Administrator or its designated agent. 

  

	4.4	No Beneficiary Designation. If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then the
Executive’s spouse shall be the designated Beneficiary. If the Executive has no surviving spouse, any benefit shall be paid to the Executive's estate. 

 

	4.5	Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent
or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent
person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of
the Executive and the Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such distribution amount. 

 Article 5 
 General Limitations 

 

	5.1	Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not distribute any benefit under this Agreement if the
Executive’s employment with the Bank is terminated by the Bank or an applicable regulator due to a Termination for Cause. 

  

	5.2	Suicide or Misstatement. No benefit shall be distributed if the Executive commits suicide within two (2) years after the Effective Date, or if an insurance
company which issued a life insurance policy covering the Executive and owned by the Bank denies coverage (i) for material misstatements of fact made by the Executive on an application for such life insurance, or (ii) for any other reason.

	5.3	Removal. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not distribute any benefit under this Agreement if the Executive
is subject to a final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act. Notwithstanding anything herein to the contrary, any payments made to the
Executive pursuant to this Agreement, or otherwise, shall be subject to and conditioned upon compliance with 12 U.S.C. 1828 and FDIC Regulation 12 CFR Part 359, Golden Parachute Indemnification Payments and any other regulations or guidance
promulgated thereunder. 

  

	5.4	Attorney’s Fees and Costs. If any action at law or in equity, including arbitration, is necessary to enforce or interpret the terms of this Agreement, the
prevailing party shall be entitled to reasonable attorneys’ fees, costs, and expert witness fees, in addition to any other relief to which that party may be entitled. 

Article 6 

Administration of Agreement 
  

	6.1	Plan Administrator Duties. The Plan Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority
to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations of this Agreement, as may arise in
connection with this Agreement to the extent the exercise of such discretion and authority does not conflict with Code Section 409A. 

  

	6.2	Agents. In the administration of this Agreement, the Plan Administrator may employ agents and delegate to them such administrative duties as the Plan
Administrator sees fit, including acting through a duly appointed representative, and may from time to time consult with counsel who may be counsel to the Bank. 

 

	6.3	Binding Effect of Decisions. Any decision or action of the Plan Administrator with respect to any question arising out of or in connection with the
administration, interpretation or application of this Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Agreement. 

 

	6.4	Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless the Plan Administrator against any and all claims, losses, damages, expenses or
liabilities arising from any action or failure to act with respect to this Agreement, except in the case of willful misconduct by the Plan Administrator. 

  

	6.5	 Bank Information. To enable the Plan Administrator to perform its functions, the Bank

	 	
shall supply full and timely information to the Plan Administrator on all matters relating to the date and circumstances of the Executive’s death, Disability or Termination of Employment,
and such other pertinent information as the Plan Administrator may reasonably require. 

  

	6.6	Annual Statement. The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement
setting forth the benefits to be distributed under this Agreement. 

 Article 7 

Claims And Review Procedures 
  

	7.1	Claims Procedure. An Executive or Beneficiary (“claimant”) who has not received benefits under this Agreement that he or she believes should be
distributed shall make a claim for such benefits as follows: 

  

	 	7.1.1	Initiation – Written Claim. The claimant initiates a claim by submitting to the Plan Administrator a written claim for the benefits. If such a claim relates
to the contents of a notice received by the claimant, the claim must be made within sixty (60) days after such notice was received by the claimant. All other claims must be made within one hundred eighty (180) days of the date on which the
event that caused the claim to arise occurred. The claim must state with particularity the determination desired by the claimant. 

  

	 	7.1.2	Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If
the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional ninety (90) days by notifying the claimant in writing, prior
to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

  

	 	7.1.3	Notice of Decision. If the Plan Administrator denies part or all of the claim, the Plan Administrator shall notify the claimant in writing of such denial. The
Plan Administrator shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of this Agreement on which the denial is based; 

 

	 	(c)	A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it is needed;

  

	 	(d)	An explanation of this Agreement’s review procedures and the time limits applicable to such procedures; and 

	 	(e)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review.

  

	7.2	Review Procedure. If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Plan
Administrator of the denial as follows: 

  

	 	7.2.1	Initiation – Written Request. To initiate the review, the claimant, within sixty (60) days after receiving the Plan Administrator’s notice of
denial, must file with the Plan Administrator a written request for review. 

  

	 	7.2.2	Additional Submissions – Information Access. The claimant shall then have the opportunity to submit written comments, documents, records and other
information relating to the claim. The Plan Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA
regulations) to the claimant’s claim for benefits. 

  

	 	7.2.3	Considerations on Review. In considering the review, the Plan Administrator shall take into account all materials and information the claimant submits relating
to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

  

	 	7.2.4	Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty (60) days after receiving the request
for review. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional sixty (60) days by notifying the claimant in
writing, prior to the end of the initial sixty (60) day period that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

  

	 	7.2.5	Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on review. The Plan Administrator shall write the notification in
a manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of this Agreement on which the denial is based; 

 

	 	(c)	A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information
relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits; and 

	 	(d)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 

Article 8 

Amendments and Termination 
  

	8.1	Amendments. This Agreement may be amended only by a written agreement signed by the Bank and the Executive. However, the Bank may unilaterally amend this
Agreement to conform with written directives to the Bank from its auditors or banking regulators or to comply with legislative changes or tax law, including without limitation Code Section 409A. 

 

	8.2	Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual
Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will
be made at the earliest distribution event permitted under Article 2 or Article 3. 

  

	8.3	Plan Terminations Under Code Section 409A. Notwithstanding anything to the contrary in Section 8.2, if the Bank terminates this Agreement in the
following circumstances: 

  

	 	(a)	Within thirty (30) days before or twelve (12) months after a change in the ownership or effective control of the Bank, or in the ownership of a substantial
portion of the assets of the Bank as described in Code Section 409A(2)(A)(v), provided that all distributions are made no later than twelve (12) months following such termination of this Agreement and further provided that all the
Bank's arrangements which are substantially similar to this Agreement are terminated so the Executive and all participants in the similar arrangements are required to receive all amounts of compensation deferred under the
terminated arrangements within twelve (12) months of such termination; 

  

	 	(b)	Upon the Bank’s dissolution or with the approval of a bankruptcy court provided that the amounts deferred under this Agreement are included in the Executive's
gross income in the latest of (i) the calendar year in which this Agreement terminates; (ii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the
distribution is administratively practical; or 

  

	 	(c)	Upon the Bank’s termination of this and all other arrangements that would be aggregated with this Agreement pursuant to Treasury Regulations
Section 1.409A-1(c) if the Executive participated in such arrangements (“Similar Arrangements”), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial health of the Bank,
(ii) all termination distributions are made no earlier than twelve (12) months and no later than twenty-four (24) months following such termination, and (iii) the Bank does not adopt any new arrangement that would be a Similar
Arrangement for a minimum of three (3) years following the date the Bank takes all necessary action to irrevocably terminate and liquidate the Agreement; 

 
the Bank may distribute the Accrual Balance, determined as of the date of the termination of this Agreement, to the Executive in a lump sum subject to the above terms. 

Article 9 

Miscellaneous 
  

	9.1	Binding Effect. This Agreement shall bind the Executive and the Bank and their beneficiaries, survivors, executors, administrators and transferees.

  

	9.2	No Guarantee of Employment. This Agreement is not a contract for employment. It does not give the Executive the right to remain as an employee of the Bank nor
interfere with the Bank's right to discharge the Executive. It does not require the Executive to remain an employee nor interfere with the Executive's right to terminate employment at any time. 

 

	9.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner.

  

	9.4	Tax Withholding and Reporting. The Bank shall withhold any taxes that are required to be withheld, including but not limited to taxes owed under Code
Section 409A from the benefits provided under this Agreement. The Executive acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the appropriate taxing authorities. The Bank shall satisfy all
applicable reporting requirements, including those under Code Section 409A. 

  

	9.5	Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of the State of California, except to the extent preempted by the laws of
the United States of America. 

  

	9.6	Unfunded Arrangement. The Executive and the Beneficiary are general unsecured creditors of the Bank for the distribution of benefits under this Agreement. The
benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors.
Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim. 

 

	9.7	Reorganization. The Bank shall not merge or consolidate into or with another bank, or reorganize, or sell substantially all of its assets to another bank,
firm or person unless such succeeding or continuing bank, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such an event, the term “Bank” as used in this Agreement shall
be deemed to refer to the successor or survivor entity. 

	9.8	Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the Executive as to the subject matter hereof. No rights are
granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 

  

	9.9	Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires and the context will permit, the use of the masculine gender
includes the feminine and use of the singular includes the plural. 

  

	9.10	Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator to perform any act required by this Agreement due to
regulatory or other constraints, the Bank or Plan Administrator may perform such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of the Bank, provided that such alternative act does
not violate Code Section 409A. 

  

	9.11	Headings. Article and section headings are for convenient reference only and shall not control or affect the meaning or construction of any provision herein.

  

	9.12	Validity. If any provision of this Agreement shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts
hereof, but this Agreement shall be construed and enforced as if such illegal or invalid provision had never been included herein. 

  

	9.13	Notice. Any notice or filing required or permitted to be given to the Bank or Plan Administrator under this Agreement shall be sufficient if in writing and
hand-delivered or sent by registered or certified mail to the address below: 

 Redding Bank of Commerce

 1951 Churn Creek Road 
 Redding, California 96002 
 Such notice shall be deemed given as of the date of
delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. 

Any notice or filing required or permitted to be given to the Executive under this Agreement shall be sufficient if in writing and
hand-delivered or sent by mail to the last known address of the Executive. 
  

	9.14	Deduction Limitation on Benefit Payments. If the Bank reasonably anticipates that the Bank’s deduction with respect to any distribution under this Agreement
would be limited or eliminated by application of Code Section 162(m), then to the extent deemed necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible, the Bank may delay payment of any
amount that would otherwise be distributed under this Agreement. The delayed amounts shall be distributed to the Executive (or the Beneficiary in the event of the Executive’s death) at the earliest date the Bank reasonably anticipates that the
deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m). 

	9.15	Compliance with Section 409A. This Agreement shall be interpreted and administered consistent with Code Section 409A. 

IN WITNESS WHEREOF, the Executive and a duly authorized representative of the Bank have signed this Agreement. 

 

							
	EXECUTIVE	 		 	REDDING BANK OF COMMERCE
				
	  
	 		 	By:	 	  

				
		 		 	Title:	 	  

 REDDING BANK OF COMMERCE 
 Salary Continuation Agreement 
 Beneficiary Designation Form 

 
  

	 ̈	New Designation 

	 ̈	Change in Designation 

 I,
                    , designate the following as Beneficiary under this Agreement: 

 

					
	Primary:	  	 	 	 
	  
	  	 	            	% 
	  
	  	 	            	% 
	Contingent:	  			 
	  
	  	 	            	% 
	  
	  	 	            	% 
	 	  	 	 	 

 Notes: 
  

	 	•	 	 Please PRINT CLEARLY or TYPE the names of the beneficiaries. 

 

	 	•	 	 To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement.

  

	 	•	 	 To name your estate as Beneficiary, please write “Estate of [your name]”. 

 

	 	•	 	 Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you.

 I understand that I may change these beneficiary designations by delivering a new written designation to the Plan
Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named
my spouse as Beneficiary and our marriage is subsequently dissolved. 
 Name: 

 

											
	Signature:	  	  
	  	Date:	  	  
	  		  	

  

											
	SPOUSAL CONSENT (Required
if spouse is not named Beneficiary and Plan Administrator requests):
	 
	I consent to the beneficiary designation above, and
acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked.
	 					 
	Spouse Name:	 	  
	 		 		 		 	 
	 					 
	Signature:	 	  
	 	Date:	 	  
	 	 	 	  
	  	 	  	 	  	 	  	 	  	 	  

 Received by the Plan Administrator this             day of
            , 200     
  

			
	By:	 	  

		
	Title:Form of Crude Oil Purchase Agreement

 Exhibit 10.10 

 

			
	 [Logo]
	 	 210 Park Avenue, Suite 1600

		 	 Oklahoma City, OK 73102

		 	 Phone: (405) 239-7191

		 	 FAX: (405) 602-1251

 FORM OF ENTERPRISE CRUDE OIL LLC 
 CRUDE OIL PURCHASE CONFIRMATION 
  

					
	Enterprise Contract	 	Mid-Con Energy Operating, Inc. Contract
#:                                
	Enterprise Contact:	 	(Please Supply)
		
	Company:	 	Mid-Con Energy Operating, Inc.
	Marketer:	 	Rhonda Stacy
		 	2431 E. 61st Street, Suite 850
		 	Tulsa, OK 74136
	FAX Number:	 	(918) 743-8859

 Mid-Con Energy’s Sale and Delivery to Enterprise 

This confirms the verbal agreement made between             of Enterprise Crude Oil LLC
(“Enterprise”) and             of Mid-Con Energy Operating, Inc. (“Mid-Con Energy”) on             .

  

			
	1. Quality:	  	Oklahoma Sour Crude Oil
		
	2. Quantity:	  	Equal to the production from leases shown on Exhibit A, approximately barrels per day
		
	3. Delivery:	  	Into Enterprise trucks, at the lease
		
	4. Price:	  	The arithmetic average of the settlement prices for the nearby Light Sweet Crude Oil Futures Contract on the New York Mercantile Exchange (“NYMEX”) during the month of
delivery business days only. The price will be the NYMEX price as calculated above plus the amount as shown on the attached Exhibit A.
		
	5. Term:	  	Commencing through
		
	6. Payment:	  	Payment shall be made by electronically deposited check on or before the 20th of the month following delivery
		
	7. General Terms and Conditions:	  	All other terms and conditions not specifically stated shall be governed by Enterprise Crude Oil LLC’s General Provisions, dated March 25, 2010

 Unless we receive from you written notice of objection within three (3) business days of your receipt of this
Confirmation, the terms and conditions stated herein shall constitute an agreement binding upon both parties and shall supersede all prior written and oral communications by either party and between the parties regarding the subject matter of this
agreement and cannot be modified unless in writing. If you have any questions, please call . 
 If the parties subsequently both sign a written
agreement covering the subject matter of this Confirmation, such written agreement shall, as of its effective date, supersede this Confirmation. 
 Enterprise Crude Oil LLC 
 By Enterprise Crude GP LLC 

its sole manager 

By:                        
                     

			
	 ENTERPRISE CRUDE OIL LLC
 EXHIBIT A
	  	 MID-CON ENERGY OPERATING, INC.
 CONTRACT DATED:
 CONTRACT NO.:

 

															
	 ENTERPRISE
 LEASE #
	  	LEASE NAME	  	COUNTY	  	SEC	  	LEGAL
TWN	  	RNG	  	AMOUNT	  	LEASE
EFFECTIVE
DATE

 NYMEX CALENDAR AVERAGE TRADING DAYS ONLY, DEEMED 40° API
GRAVITY, DELIVERED IN EQUAL DAILY QUANTITIES, PLUS AMOUNT SHOWN PER BARREL. 

 ENTERPRISE CRUDE OIL LLC 

(Formerly TEPPCO Crude Oil, LLC) 
 GENERAL PROVISIONS 
 CRUDE OIL AGREEMENTS 

Revised March 25, 2010 due to Entity Name Change 
 A. Measurement and Tests: All measurements hereunder shall be made from static tank gauges on 100 percent tank table basis or by positive displacement meters. All measurements and tests shall be
made in accordance with the latest ASTM or ASME-API (Petroleum PD Meter Code) published methods then In effect, whichever apply. Volume and gravity shall be adjusted to 60 degrees Fahrenheit by the use of Table 6A and 5A of the Petroleum Measurement
Tables ASTM Designation D1260 in their latest revision. The crude oil delivered hereunder shall be marketable and acceptable in the applicable common or segregated stream of the carriers involved but not to exceed 1% S&W. Full deduction for all
free water and S&W content shall be made according to the API/ASTM Standard Method then In effect. Either party shall have the right to have a representative witness all gauges, tests and measurements. In the absence of the other party’s
representative, such gauges, tests and measurements shall be deemed to be correct. 
 B. Warranty: The Seller warrants good title to all
crude oil delivered hereunder and warrants that such crude oil shall be free from all royalties, liens, encumbrances and all applicable foreign, federal, state and local taxes. 

Seller further warrants that the crude oil delivered shall not be contaminated by chemicals foreign to virgin crude oil Including, but
not limited to chlorinated and/or oxygenated hydrocarbons and lead. Buyer shall have the right, without prejudice to any other remedy available to Buyer, to reject and return to Seller any quantities of crude oil which are found to be so
contaminated, even after delivery to Buyer. 
 C. Rules and Regulations: The terms, provisions and activities undertaken pursuant to this
Original Agreement shall be subject to all applicable laws, orders and regulations of all governmental authorities. If at any time a provision hereof violates any such applicable laws, orders or regulations. Such provision shall be voided and the
remainder of the Original Agreement shall continue in full force and effect unless terminated by either party upon giving written notice to the other party hereto. If applicable, the parties hereto agree to comply with all provisions (as amended) of
the Equal Opportunity Clause prescribed in 41 C.F.R. 60-1.4; the Affirmative Action Clause for disabled veterans and veterans of the Vietnam Era prescribed in 41 C.F.R. 60-250,4; the Affirmative Action Clause for Handicapped Workers prescribed in 41
C.F.R. 60-741.4; 48 C.F.R. Chapter I Subpart 19.7 regarding Small Business and Small Disadvantaged Business Concerns; Executive Order 12138 and regulations thereunder regarding subcontracts to women-owned business concerns; Affirmative Action
Compliance Program (41 C.F.R. 60-1.40): annually file SF-100 Employer Information Report (41 C.F.R. 60-1.7); 41 C.F.R. 60-l.8 prohibiting segregated facilities; and the Fair Labor Standards Act of 1938 as amended, all of which are incorporated in
this Original Agreement by reference. 
 D. Hazard Communication: Seller shall provide its Material Safely Data Sheet (“MSDS”)
to Buyer. Buyer acknowledges the hazards and risks in handling and using crude oil. Buyer shall read the MSDS and advise its employees, its affiliates, and third parties, who may purchase or come Into contact with such crude oil, about the hazards
of crude oil, as well as the precautionary procedures for handling said crude oil, which are set forth in such MSDS and any supplementary MSDS or written warning(s) which Seller may provide to Buyer from time to time. 

E. Force Majeure: Except for payment due hereunder, either party hereto shall be relieved from liability for failure to perform hereunder for the
duration and to the extent such failure is occasioned by war, riots, insurrections, fire, explosions sabotage, strikes, and other labor or Industrial disturbances, acts of God or the elements, governmental laws, regulations, or requests, acts in
furtherance of the International Energy Program, disruption or breakdown of production or transportation facilities, delays of pipeline carrier in receiving and delivering crude oil tendered, any disruption in the market for crude oil of a quality
the same as or similar to the quality of the crude oil that is the subject of this Original Agreement or by any other cause, whether similar or not, reasonably beyond the control of such party (“Force Majeure”). Any such failures to
perform shall be remedied with all reasonable dispatch, but neither party shall be required to supply substitute quantities from other sources of supply. Failure to perform due to events of Force Majeure shall not extend the terms of this Original
Agreement. 
 Notwithstanding the above, and in the event that the Original Agreement is an associated purchase/sale, or
exchange of crude oil, the parties shall have the rights and obligations described below in the circumstances described below: 

  
 3 

 (1) If, because of Force Majeure, the party declaring Force Majeure (the “Declaring
Party”) is unable to deliver part or all of the quantity of crude oil which the Declaring Party is obligated to deliver under the Original Agreement or associated contract, the other party (the “Exchange Partner”) shall have the right
but not the obligation to reduce its deliveries of crude oil under the same Original Agreement or associated contract by an amount not to exceed the number of barrels of crude oil that the Declaring Party fails to deliver. 

(2) If, because of Force Majeure, the Declaring Party is unable to take delivery of part or all of the quantity of crude oil to be
delivered by the Exchange Partner under the Original Agreement or associated contract, the Exchange Partner shall have the right but not the obligation to reduce Its receipts of crude oil under the same Original Agreement or associated contract by
an amount not to exceed the number of barrels of crude oil that the Declaring Party fails to take delivery of. 
 F. Payment: Unless
otherwise specified in the Special Provisions of this Original Agreement, Buyer agrees to make payment against Seller’s Invoice for the crude oil purchased hereunder to a bank designated by Seller in U.S. dollars by telegraphic transfer in
immediately available funds. Unless otherwise specified in the Special Provisions of this Original Agreement, payment will be due on or before the 20th of the month following the month of delivery. If payment due date is on a Saturday or New York
bank holiday other than Monday, payment shall be due on the preceding New York banking day. If payment due date is on a Sunday or a Monday New York bank holiday, payment shall be due on the succeeding New York banking day. 

Payment shall be deemed to be made on the date good funds are credited to Seller’s account at Seller’s designated bank.

 In the event that Buyer fails to make any payment when due, Seller shall have the right to charge interest on the amount of
the overdue payment at a per annum rate which shall be two percentage points higher than the published prime lending rate of JPMorgan Chase Bank, National Association on the date payment was due, but not to exceed the maximum rate permitted by law.

 G. Financial Responsibility: 
 (1) Notwithstanding anything to the contrary in this Original Agreement, should Seller reasonably believe it necessary to assure payment, Seller may at any time require, by written notice to Buyer,
advance cash payment or satisfactory security In the form of a Letter or Letters of Credit at Buyer’s expense in a form and from a bank acceptable to Seller to cover any or all deliveries of crude oil. If Buyer does not provide the Letter of
Credit on or before the date specified in Seller’s notice under this section, Seller or Buyer may terminate this Original Agreement forthwith. However, if a Letter of Credit is required under the Special Provisions of this Original Agreement
and Buyer does not provide same, then Seller only may terminate this Original Agreement forthwith. In no event shall Seller be obligated to schedule or complete delivery of the crude oil until said Letter of Credit is found acceptable to Seller.
Each party may offset any payments or deliveries due to the other party under this or any other Original Agreement between the parties. 
 (2) If a party to this Original Agreement (the “Defaulting Party”) should (a) become the subject of bankruptcy or other Insolvency proceedings, or proceedings for the appointment of a
receiver, trustee, or similar official, (b) become generally unable to pay Its debts as they become due, or (c) make a general assignment for the benefit of creditors, the other party to this Original Agreement may withhold shipments
without notice. 
 H. Liquidation: 
 (1) Right to Liquidate. At any time after the occurrence of one or more of the events described in paragraph (2) of Section G, Financial Responsibility, the other party to the Original
Agreement (the “Liquidating Party”) shall have the right, at its sole discretion, to liquidate this Original Agreement by terminating this Original Agreement. Upon termination, the parties shall have no further rights or obligations
with respect to this Original Agreement, except for the payment of the amount(s) (the “Settlement Amount” or “Settlement Amounts”) determined as provided in Paragraph (3) of this section. 

(2) Multiple Deliveries. If this Original Agreement provides for multiple deliveries of one or more types of crude oil in the same
or different delivery months, or for the purchase or exchange of crude oil by the parties, all deliveries under this Original Agreement to the same party at the same delivery location during a particular delivery month shall be considered a single
commodity transaction (“Commodity Transaction”) for the purpose of determining the Settlement Amount(s). If the Liquidating Party elects to liquidate this Original Agreement, the Liquidating Party must terminate all Commodity Transactions
under this Original Agreement. 

  
 4 

 (3) Settlement Amount. With respect to each terminated Commodity Transaction, the
Settlement Amount shall be equal to the contract quantity of crude oil, multiplied by the difference between the contract price per barrel specified in this Original Agreement (the “Contract Price”) and the market price per barrel of crude
oil on the date the Liquidating Party terminates this Original Agreement (the “Market Price”). If the Market Price exceeds the Contract Price in a Commodity Transaction, the selling party shall pay the Settlement Amount to the buying
party. If the Market Price is less than the Contract Price in a Commodity Transaction, the buying party shall pay the Settlement Amount to the selling party. If the Market Price is equal to the Contract Price in a Commodity Transaction, no
Settlement Amount shall be due. 
 (4) Termination Date. For the purpose of determining the Settlement .Amount, the date
on which the Liquidating Party terminates this Original Agreement shall be deemed to be (a) the date on which the Liquidating Party sends written notice of termination to the Defaulting Party, if such notice of termination is sent by electronic
mail or facsimile transaction; or (b) the date on which the Defaulting Party receives written notice of termination from the Liquidating Party, if such notice of termination is given by United States mail or a private mail delivery service.

 (5) Market Price. Unless otherwise provided in this Original Agreement, the Market Price of crude oil sold or
exchanged under this Original Agreement shall be the price for crude oil for the delivery month specified in this Original Agreement and at the delivery location that corresponds to the delivery location specified in this Original Agreement, as
reported in Platt’s Oilgram Price Report (“Platt’s”) for the date on which the Liquidating Party terminates this Original Agreement. If Platt’s reports a range of prices for crude oil on that date, the Market Price shall be
the arithmetic average of the high and low prices reported by Platt’s. If Platt’s does not report prices for the crude oil being sold under this Original Agreement, the Liquidated Party shall determine the Market Price of such crude oil in
a commercially reasonable manner, unless otherwise provided in this Original Agreement. 
 (6) Payment of Settlement
Amount. Any Settlement Amount due upon termination of this Original Agreement shall be paid in immediately available funds within two business days after the Liquidating Party terminates this Original Agreement. However, if this Original
Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall
be aggregated. The party owing the net amount after such aggregation shall pay such net amount to the other party in immediately available funds within two business days after the date on which the Liquidating Party terminates this Original
Agreement. 
 (7) Miscellaneous. This section shall not limit the rights and remedies available to the Liquidating Party
by law or under other provisions of this Original Agreement. The parties hereby acknowledge that this Original Agreement constitutes a forward contract for purposes of Section 556 of the U.S. Bankruptcy Code. 

I. Equal Daily Deliveries: For pricing purposes only, unless otherwise specified In the Special Provisions, all crude oil delivered hereunder
during any calendar month shall be considered to have been delivered in equal daily quantities during such month. 
 J. Exchange
Balancing: If volumes are exchanged, each party shall be responsible for maintaining the exchange in balance on a month-to-month basis, as near as pipeline or other transportation conditions will permit. In all events upon termination of this
Original Agreement and after all monetary obligations under this Original Agreement have been satisfied, any volume imbalance existing at the conclusion of this Original Agreement of less than 1,000 barrels will be declared in balance. Any volume
imbalance of 1,000 barrels or more, limited to the total contract volume, will be settled by the underdelivering party making delivery of the total volume imbalance In accordance with the delivery provisions of this Original Agreement applicable to
the underdelivering party, unless mutually agreed to the contrary. The request to schedule all volume imbalances must be confirmed in writing by one party or both parties. Volume imbalances confirmed by the 20th of the month shall be delivered
during the calendar month after the volume Imbalance is confirmed. Volume imbalances confirmed after the 20th of the month shall be delivered during the second calendar month after the volume imbalance Is confirmed, 

K. Delivery, Title, and Risk of Loss: Delivery, title, and risk of loss of the crude oil delivered hereunder shall pass from Seller to Buyer as
follows: For lease delivery locations. delivery of the crude oil to the Buyer shall be effected as the crude oil passes the last permanent delivery flange and/or meter connecting the Seller’s lease/unit storage tanks or processing facilities to
the Buyer’s carrier. Title to and risk of loss of the crude oil shall pass from Seller to Buyer at the point of delivery. 

For delivery locations other than lease/unit delivery locations, delivery of the crude oil to the Buyer shall be effected as the crude
oil passes the last permanent delivery flange and/or meter connecting the delivery facility designated by the Seller to the Buyer’s carrier. If delivery is by in-line transfer, delivery of the crude oil to the Buyer shall be effected at the
particular pipeline facility designated In this Original Agreement. Title to and risk of loss of the crude oil shall pass from the Seller to the Buyer upon delivery. 

  
 5 

 L. Term: Unless otherwise specified In the Special Provisions, delivery months begin at 7:00 am. on
the first day of the calendar month and end at 7:00 a.m. on the first day of the following calendar month. 
 M. Governing Law: This
Original Agreement and any disputes arising hereunder shall be governed by the laws of the State of Texas. 
 N. Necessary Documents:
Upon request, each party agrees to furnish all substantiating documents incident to the transaction, including a Delivery Ticket for each volume delivered and an invoice for any month in which the sums are due. 

O. Waiver: No waiver by either party regarding the performance of the other party under any of the provisions of this Original Agreement shall be
construed as a waiver of any subsequent performance under the same or any other provisions. 
 P. Assignment: Neither party shall assign
this Original Agreement or any rights hereunder without the written consent of the other party unless such assignment is made to a person controlling, controlled by or under common control of assignor, in which event assignor shall remain
responsible for nonperformance. 
 Q. Entirety of Original Agreement: The Special Provisions and these General Provisions contain the
entire Original Agreement of the parties; there are no other promises, representations or warranties. Any modification of this Original Agreement shall be by written Instrument. Any conflict between the Special Provisions and these General
Provisions shall be resolved in favor of the Special Provisions. The section headings are for convenience only and shall not limit or change the subject matter of this Original Agreement. 
 R. Definitions: When used in this Original Agreement, the terms listed below have the following meanings: 
 “API” means the American Petroleum Institute. 
 “ASME” means
the American Society of Mechanical Engineers. 
 “ASTM” means the American Society for Testing Materials. 

“Barrel” means 42 U.S. gallons of 231 cubic inches per gallon corrected to 60 degrees Fahrenheit. 

“Carrier” means a pipeline, barge, truck, or other suitable transporter of crude oil. 

“Crude Oil” means crude oil or condensate, as appropriate. 

“Day”, “month”, and “year” mean, respectively, calendar day, calendar month, and calendar year, unless
otherwise specified. 
 “Delivery Ticket” means a shipping/loading document or documents stating the type and quality of crude oil
delivered, the volume delivered and method of measurement, the corrected specific gravity, temperature, and S&W content. 

“Invoice” means a statement setting forth at least the following information: The date(s) of delivery under the transaction; the location(s) of
delivery; the volume(s); price(s); the specific gravity and gravity adjustments to the price(s) (where applicable); and the term(s) of payment. 
 “S&W” means sediment and water. 
 S. No Consequential Damages. Each party waives and
releases any claim or action against the other party for, and agrees to indemnify and hold harmless the other party from, any claim, demand, or cause of action against the other for punitive, exemplary, consequential, special and indirect damages
including, but not limited to loss of revenue, loss of profit, loss of use of capital, business interruption, loss of use, loss resulting from failure to meet other contractual commitments or deadlines, howsoever caused and whether based on
negligence, unseaworthiness, breach of warranty, breach of contract, strict liability or otherwise. 

  
 6

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