Document:

EXHIBIT 10.11

 Exhibit 10.11 
 SECOND AMENDED AND RESTATED 
 REVOLVING CREDIT AGREEMENT 

dated as of October 26, 2012 
 among 
 PBF HOLDING COMPANY LLC, 

DELAWARE CITY REFINING COMPANY LLC, 
 PAULSBORO REFINING COMPANY LLC and 
 TOLEDO REFINING COMPANY LLC,

 as Borrowers, 
 and 
 THE OTHER LOAN PARTIES PARTY HERETO, 

as Loan Parties, 
 THE LENDERS PARTY HERETO 
 and 

UBS SECURITIES LLC, 
 as a Co-Documentation Agent and a Co-Syndication Agent, 
 and

 UBS SECURITIES LLC, 
 CITIBANK, N.A., 
 BANK OF AMERICA MERRILL LYNCH, 

WELLS FARGO BANK, N.A. and 
 DEUTSCHE BANK SECURITIES INC., 
 as Joint Lead Arrangers and Joint Lead
Bookmanagers 
 and 
 UBS AG, STAMFORD BRANCH, 
 as Issuing Bank, Administrative Agent

 and a Co-CollateralAgent, 
 and 
 UBS LOAN FINANCE LLC, 

as Swingline Lender 
 and 
 CITIBANK, N.A., 

as a Co-Syndication Agent 
 and 
 BANK OF AMERICA, N.A., 

as a Co-Collateral Agent and a Co-Syndication Agent 
 and 
 WELLS FARGO BANK, N.A., 

as a Co-Collateral Agent and a Co-Documentation Agent 
 and 
 DEUTSCHE BANK SECURITIES INC., 

as a Co-Documentation Agent 
 Winston & Strawn LLP 
 200 Park Avenue 

New York, NY 10166 

 TABLE OF CONTENTS 

 

							
	 Section
	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 Section 1.01
	 	 Defined Terms.
	  	 	2	  
	 Section 1.02
	 	 Classification of Loans and Borrowings.
	  	 	44	  
	 Section 1.03
	 	 Terms Generally.
	  	 	44	  
	 Section 1.04
	 	 Accounting Terms; GAAP.
	  	 	44	  
	 Section 1.05
	 	 Resolution of Drafting Ambiguities.
	  	 	45	  
	
	ARTICLE II	  
	
	THE CREDITS	  
			
	 Section 2.01
	 	 Commitments.
	  	 	45	  
	 Section 2.02
	 	 Loans.
	  	 	45	  
	 Section 2.03
	 	 Borrowing Procedure.
	  	 	47	  
	 Section 2.04
	 	 Evidence of Debt; Repayment of Loans.
	  	 	48	  
	 Section 2.05
	 	 Fees.
	  	 	49	  
	 Section 2.06
	 	 Interest on Loans.
	  	 	50	  
	 Section 2.07
	 	 Termination and Reduction of Commitments.
	  	 	51	  
	 Section 2.08
	 	 Interest Elections.
	  	 	52	  
	 Section 2.09
	 	 [Intentionally Omitted].
	  	 	53	  
	 Section 2.10
	 	 Optional and Mandatory Prepayments of Loans.
	  	 	53	  
	 Section 2.11
	 	 Alternate Rate of Interest.
	  	 	55	  
	 Section 2.12
	 	 Yield Protection.
	  	 	55	  
	 Section 2.13
	 	 Breakage Payments.
	  	 	57	  
	 Section 2.14
	 	 Payments Generally; Pro Rata Treatment; Sharing of Setoffs.
	  	 	57	  
	 Section 2.15
	 	 Taxes.
	  	 	59	  
	 Section 2.16
	 	 Mitigation Obligations; Replacement of Lenders.
	  	 	62	  
	 Section 2.17
	 	 Swingline Loans.
	  	 	63	  
	 Section 2.18
	 	 Letters of Credit.
	  	 	65	  
	 Section 2.19
	 	 Defaulting Lenders.
	  	 	71	  
	 Section 2.20
	 	 Increase in Commitments.
	  	 	73	  
	 Section 2.21
	 	 Determination of Borrowing Base.
	  	 	75	  
	 Section 2.22
	 	 Accounts; Cash Management.
	  	 	79	  
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 3.01
	 	 Organization; Powers.
	  	 	81	  
	 Section 3.02
	 	 Authorization; Enforceability.
	  	 	81	  
	 Section 3.03
	 	 No Conflicts.
	  	 	81	  
	 Section 3.04
	 	 Financial Statements; Projections.
	  	 	82	  
	 Section 3.05
	 	 Properties.
	  	 	82	  

  
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	 	 	 	  	Page	 
			
	 Section 3.06
	 	 Intellectual Property.
	  	 	83	  
	 Section 3.07
	 	 Equity Interests and Subsidiaries.
	  	 	84	  
	 Section 3.08
	 	 Litigation; Compliance with Laws.
	  	 	84	  
	 Section 3.09
	 	 [Reserved].
	  	 	85	  
	 Section 3.10
	 	 Federal Reserve Regulations.
	  	 	85	  
	 Section 3.11
	 	 Investment Company Act.
	  	 	85	  
	 Section 3.12
	 	 Use of Proceeds.
	  	 	85	  
	 Section 3.13
	 	 Taxes.
	  	 	85	  
	 Section 3.14
	 	 No Material Misstatements.
	  	 	85	  
	 Section 3.15
	 	 Labor Matters.
	  	 	86	  
	 Section 3.16
	 	 Solvency.
	  	 	86	  
	 Section 3.17
	 	 Employee Benefit Plans.
	  	 	86	  
	 Section 3.18
	 	 Environmental Matters.
	  	 	87	  
	 Section 3.19
	 	 Insurance.
	  	 	88	  
	 Section 3.20
	 	 Security Documents.
	  	 	88	  
	 Section 3.21
	 	 Anti-Terrorism Laws.
	  	 	90	  
	 Section 3.22
	 	 Location of Material Inventory.
	  	 	90	  
	 Section 3.23
	 	 Accuracy of Borrowing Base.
	  	 	90	  
	
	ARTICLE IV	  
	
	CONDITIONS TO CREDIT EXTENSIONS	  
			
	 Section 4.01
	 	 Conditions to Closing.
	  	 	90	  
	 Section 4.02
	 	 Conditions to Initial Credit Extension.
	  	 	92	  
	 Section 4.03
	 	 Conditions to All Credit Extensions.
	  	 	92	  
	 Section 4.04
	 	 Conditions to Initial Credit Extension to an Eligible Subsidiary.
	  	 	93	  
	
	ARTICLE V	  
	
	AFFIRMATIVE COVENANTS	  
			
	 Section 5.01
	 	 Financial Statements, Reports, etc.
	  	 	94	  
	 Section 5.02
	 	 Litigation and Other Notices.
	  	 	96	  
	 Section 5.03
	 	 Existence; Businesses and Properties.
	  	 	97	  
	 Section 5.04
	 	 Insurance.
	  	 	97	  
	 Section 5.05
	 	 Obligations and Taxes.
	  	 	98	  
	 Section 5.06
	 	 Employee Benefits.
	  	 	99	  
	 Section 5.07
	 	 Maintaining Records; Access to Properties and Inspections; Annual Meetings.
	  	 	99	  
	 Section 5.08
	 	 Use of Proceeds.
	  	 	100	  
	 Section 5.09
	 	 Compliance with Environmental Laws; Environmental Reports.
	  	 	100	  
	 Section 5.10
	 	 Additional Collateral; Additional Guarantors.
	  	 	100	  
	 Section 5.11
	 	 Security Interests; Further Assurances.
	  	 	101	  
	 Section 5.12
	 	 Information Regarding Collateral.
	  	 	102	  
	 Section 5.13
	 	 [Reserved].
	  	 	103	  
	 Section 5.14
	 	 Affirmative Covenants with Respect to Leases.
	  	 	103	  
	 Section 5.15
	 	 Borrowing Base-Related Reports.
	  	 	103	  
	 Section 5.16
	 	 Inventory Appraisals.
	  	 	104	  

  
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	 	 	 	  	Page	 
			
	 Section 5.17
	 	 Preservation of Certain Agreements.
	  	 	104	  
	 Section 5.18
	 	 Designation of Borrowers and Excluded Subsidiaries.
	  	 	104	  
	
	ARTICLE VI	  
	
	NEGATIVE COVENANTS	  
			
	 Section 6.01
	 	 Indebtedness.
	  	 	105	  
	 Section 6.02
	 	 Liens.
	  	 	108	  
	 Section 6.03
	 	 Sale and Leaseback Transactions.
	  	 	112	  
	 Section 6.04
	 	 Investment, Loan, Advances and Acquisition.
	  	 	112	  
	 Section 6.05
	 	 Mergers and Consolidations.
	  	 	114	  
	 Section 6.06
	 	 Asset Sales.
	  	 	114	  
	 Section 6.07
	 	 Dividends.
	  	 	116	  
	 Section 6.08
	 	 Transactions with Affiliates.
	  	 	117	  
	 Section 6.09
	 	 Financial Covenant.
	  	 	119	  
	 Section 6.10
	 	 Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc.
	  	 	119	  
	 Section 6.11
	 	 Limitation on Certain Restrictions on Subsidiary Guarantors.
	  	 	120	  
	 Section 6.12
	 	 Business.
	  	 	121	  
	 Section 6.13
	 	 Fiscal Year.
	  	 	121	  
	 Section 6.14
	 	 Compliance with Anti-Terrorism Laws.
	  	 	121	  
	
	ARTICLE VII	  
	
	GUARANTEE	  
			
	 Section 7.01
	 	 The Guarantee.
	  	 	122	  
	 Section 7.02
	 	 Obligations Unconditional.
	  	 	122	  
	 Section 7.03
	 	 Reinstatement.
	  	 	123	  
	 Section 7.04
	 	 Subrogation; Subordination.
	  	 	123	  
	 Section 7.05
	 	 Remedies.
	  	 	124	  
	 Section 7.06
	 	 Instrument for the Payment of Money.
	  	 	124	  
	 Section 7.07
	 	 Continuing Guarantee.
	  	 	124	  
	 Section 7.08
	 	 General Limitation on Guarantee Obligations.
	  	 	124	  
	 Section 7.09
	 	 Release of Loan Parties.
	  	 	124	  
	 Section 7.10
	 	 Right of Contribution.
	  	 	125	  
		
	ARTICLE VIII	  			
		
	EVENTS OF DEFAULT	  			
			
	 Section 8.01
	 	 Events of Default.
	  	 	125	  
	 Section 8.02
	 	 Application of Proceeds.
	  	 	128	  
	
	ARTICLE IX	  
	
	THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT	  
			
	 Section 9.01
	 	 Appointment and Authority.
	  	 	129	  

  
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	 	 	 	  	Page	 
			
	 Section 9.02
	 	 Rights as a Lender.
	  	 	129	  
	 Section 9.03
	 	 Exculpatory Provisions.
	  	 	130	  
	 Section 9.04
	 	 Reliance by Agent.
	  	 	131	  
	 Section 9.05
	 	 Delegation of Duties.
	  	 	131	  
	 Section 9.06
	 	 Resignation of Agent.
	  	 	131	  
	 Section 9.07
	 	 Non-Reliance on Agent and Other Lenders.
	  	 	132	  
	 Section 9.08
	 	 Withholding Tax.
	  	 	132	  
	 Section 9.09
	 	 No Other Duties, etc.
	  	 	133	  
	 Section 9.10
	 	 Enforcement.
	  	 	133	  
	
	ARTICLE X	  
	
	MISCELLANEOUS	  
			
	 Section 10.01
	 	 Notices.
	  	 	134	  
	 Section 10.02
	 	 Waivers; Amendment.
	  	 	137	  
	 Section 10.03
	 	 Expenses; Indemnity; Damage Waiver.
	  	 	140	  
	 Section 10.04
	 	 Successors and Assigns.
	  	 	142	  
	 Section 10.05
	 	 Survival of Agreement.
	  	 	146	  
	 Section 10.06
	 	 Counterparts; Integration; Effectiveness.
	  	 	146	  
	 Section 10.07
	 	 Severability.
	  	 	146	  
	 Section 10.08
	 	 Right of Setoff.
	  	 	146	  
	 Section 10.09
	 	 Governing Law; Jurisdiction; Consent to Service of Process.
	  	 	147	  
	 Section 10.10
	 	 Waiver of Jury Trial.
	  	 	148	  
	 Section 10.11
	 	 Headings.
	  	 	148	  
	 Section 10.12
	 	 Treatment of Certain Information; Confidentiality.
	  	 	148	  
	 Section 10.13
	 	 USA PATRIOT Act Notice and Customer Verification.
	  	 	149	  
	 Section 10.14
	 	 Interest Rate Limitation.
	  	 	149	  
	 Section 10.15
	 	 Lender Addendum.
	  	 	149	  
	 Section 10.16
	 	 Obligations Absolute.
	  	 	149	  
	 Section 10.17
	 	 Intercreditor Agreements.
	  	 	150	  
	 Section 10.18
	 	 Release of Collateral.
	  	 	150	  
	 Section 10.19
	 	 Permitted Amendments.
	  	 	150	  
	 Section 10.20
	 	 Amendment and Restatement.
	  	 	151	  

  
 -iv-

			
	 ANNEXES
	  	
		
	 Annex I
	  	 Applicable Margin

	 Annex II
	  	 Account Debtors

	 Annex III
	  	 Hydrocarbon Inventory Insurance

		
	 SCHEDULES
	  	
		
	 Schedule 1.01(b)
	  	 Subsidiary Guarantors

	 Schedule 2.22
	  	 Blocked Accounts

	 Schedule 3.03
	  	 Governmental Approvals; Compliance with Laws

	 Schedule 3.06(c)
	  	 Violations or Proceedings

	 Schedule 3.08
	  	 Litigation

	 Schedule 3.18
	  	 Environmental Matters

	 Schedule 3.19
	  	 Insurance

	 Schedule 3.22
	  	 Material Inventory

	 Schedule 6.01(b)
	  	 Existing Indebtedness

	 Schedule 6.02(c)
	  	 Existing Liens

	 Schedule 6.04(b)
	  	 Existing Investments

	 Schedule 6.08
	  	 Transactions with Affiliates

		
	 EXHIBITS
	  	
		
	 Exhibit A
	  	 Form of Administrative Questionnaire

	 Exhibit B
	  	 Form of Assignment and Assumption

	 Exhibit C
	  	 Form of Borrowing Request

	 Exhibit D
	  	 Form of Compliance Certificate

	 Exhibit E
	  	 Form of Interest Election Request

	 Exhibit F
	  	 Form of Joinder Agreement

	 Exhibit G
	  	 Form of Landlord Access Agreement

	 Exhibit H
	  	 Form of LC Request

	 Exhibit I
	  	 Form of Lender Addendum

	 Exhibit J
	  	 [Reserved]

	 Exhibit K-1
	  	 Form of Revolving Note

	 Exhibit K-2
	  	 Form of Swingline Note

	 Exhibit L-2
	  	 Form of Perfection Certificate Supplement

	 Exhibit M
	  	 [Reserved]

	 Exhibit N
	  	 Form of Opinion of Company Counsel

	 Exhibit O
	  	 Form of Solvency Certificate

	 Exhibit P
	  	 Form of Intercompany Note

	 Exhibit Q
	  	 Form of Non-Bank Certificate

	 Exhibit R
	  	 Form of Borrowing Base Certificate

	 Exhibit S
	  	 Form of Letter of Credit

  
 -v-

 SECOND AMENDED AND RESTATED 

REVOLVING CREDIT AGREEMENT 
 This SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this “Agreement”) dated as of October 26, 2012, among PBF Holding Company LLC, a Delaware limited liability company
(“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a
Delaware limited liability company (“Paulsboro”) and Toledo Refining Company LLC, a Delaware limited liability company (“Toledo”, and together with Holdings, Delaware City and Paulsboro, “Borrowers”
and each individually, a “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given to it in Article I), the Lenders, UBS SECURITIES LLC, as a
Co-Documentation Agent (the “UBS Co-Documentation Agent”) and a Co-Syndication Agent (the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO BANK, N.A. and
DEUTSCHE BANK SECURITIES INC., as Joint Lead Arrangers (in such capacities, the “Joint Lead Arrangers”) and Joint Lead Bookmanagers, UBS AG, STAMFORD BRANCH, as Issuing Bank, Administrative Agent and a Co-Collateral Agent, UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as a Co-Syndication Agent (the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a Co-Collateral Agent and as a
Co-Syndication Agent (the “BAML Co-Syndication Agent”, and together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a Co-Collateral
Agent and a Co-Documentation Agent (the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a Co-Documentation Agent (the “DB Co-Documentation Agent” and together with the UBS Co-Documentation Agent
and the WF Co-Documentation Agent, the “Co-Documentation Agents”). 
 WITNESSETH: 

WHEREAS, Holdings, Delaware City, Paulsboro and Toledo, as Borrowers, the Lenders party thereto, the Administrative Agent and the other
Agents party thereto are parties to that certain Amended and Restated Revolving Credit Agreement, dated as of May 31, 2011 (as amended, supplemented or otherwise modified to date, the “Existing Revolving Credit Agreement”); and

 WHEREAS, the parties hereto wish to amend and restate the Existing Revolving Credit Agreement in its entirety, as and to the
extent set forth herein. 
 NOW, THEREFORE, the Lenders are willing to extend such credit to Borrowers and the Issuing Bank is
willing to issue letters of credit for the account of Borrowers on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 

 ARTICLE I 
 DEFINITIONS 
 SECTION 1.01 Defined Terms. 

As used in this Agreement, the following terms shall have the meanings specified below: 

“A&R Effective Date” shall mean the date on which the conditions set forth in Section 4.01 of this
Agreement are satisfied and this Agreement becomes effective pursuant to the provisions of Section 10.06. 

“ABR”, when used in reference to any Loan or Borrowing, is used when such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “ABR Borrowing” shall
mean a Borrowing comprised of ABR Loans. 
 “ABR Loan” shall mean any ABR Revolving Loan. 

“ABR Revolving Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the Alternate
Base Rate in accordance with the provisions of Article II. 
 “Accepting Lenders” shall have the meaning
provided in Section 10.19(a). 
 “Account Debtor” shall mean any person who may become obligated to
another person under, with respect to, or on account of, an Account. 
 “Accounts” shall mean all
“accounts,” as such term is defined in the UCC as in effect on the date hereof in the State of New York, in which such Person now or hereafter has rights. 
 “Acquisitions” shall mean the Paulsboro Acquisition and the Toledo Acquisition. 
 “Acquisition Agreements” shall mean the Paulsboro Acquisition Agreement and the Toledo Acquisition Agreement. 
 “Acquisition Consideration” shall mean the purchase consideration for any Permitted Acquisition and all other payments by Holdings or any of its Subsidiaries in exchange for, or as part
of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at
any future time in respect thereof, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs”
and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided
that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Holdings or
any of its Subsidiaries. 

  
 -2-

 “Acquisition Documents” shall mean the Toledo Acquisition Documents and the
Paulsboro Acquisition Documents. 
 “Activation Notice” shall have the meaning assigned to such term in
Section 2.22. 
 “Adjusted LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any
Interest Period, (a) an interest rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%) determined by the Administrative Agent to be equal to the LIBOR Rate for such Eurodollar Borrowing in effect for such Interest Period
divided by (b) 1 minus the Statutory Reserves (if any) for such Eurodollar Borrowing for such Interest Period. 

“Administrative Agent” shall have the meaning assigned to such term in the preamble hereto and includes each other
person appointed as the successor pursuant to Article IX. 
 “Administrative Borrower” shall mean
Holdings or any successor entity serving in that role pursuant to Section 2.03. 
 “Administrative Agent
Fee” shall have the meaning assigned to such term in Section 2.05(b). 
 “Administrative
Questionnaire” shall mean an Administrative Questionnaire in substantially the form of Exhibit A. 

“Affiliate” shall mean, when used with respect to a specified person, another person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with the person specified. 

“Agents” shall mean the Administrative Agent and the Co-Collateral Agents; and “Agent” shall mean any of them.

 “Agreement” shall have the meaning assigned to such term in the preamble hereto. “Alternate Base
Rate” shall mean, for any day, a fluctuating rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%) equal to the greatest of (a) the Base Rate in effect on such day, (b) the Federal Funds Effective Rate in
effect on such day plus 0.50% and (c) the Adjusted LIBOR Rate for an Interest Period of one-month beginning on such day (or if such day is not a Business Day, on the immediately preceding Business Day) plus 100 basis points. If the
Administrative Agent shall have determined (which determination shall be prima facie evidence thereof absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, including the inability or failure of the
Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the preceding sentence until the circumstances giving rise
to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Base Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change in the Base Rate or the Federal Funds Effective
Rate, respectively. 
 “Anti-Terrorism Laws” shall mean any Requirement of Law related to terrorism financing
or money laundering including the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (“USA PATRIOT Act”) of 2001 (Title III of Pub. L. 107-56), The Currency and Foreign
Transactions Reporting Act (also known as the “Bank Secrecy 

  
 -3-

 
Act”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959), the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) and Executive Order
13224 (effective September 24, 2001). 
 “Applicable Fee” shall mean, for any day, with respect to the
aggregate Commitments, the applicable percentage set forth in Annex I under the appropriate caption. 

“Applicable Margin” shall mean, for any day, with respect to any Revolving Loan the applicable percentage set forth in
Annex I under the appropriate caption. 
 “Applicable Percentage” shall mean, with respect to any
Lender, the percentage of the total Loans and Commitments represented by such Lender’s Loans and Commitments. 

“Approved Fund” shall mean any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a
Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Aramco”
shall mean Saudi Arabian Oil Company, a company with limited liability (organized under the laws of the Kingdom of Saudi Arabia) and its Affiliates. 
 “Asset Sale” shall mean, in each case to the extent in excess of (i) $10,000,000 in respect of transactions or series of related transactions affecting Revolving Credit Priority
Collateral; and (ii) $20,000,000 per transactions or series of related transactions otherwise, (a) any conveyance, sale, assignment, transfer or other disposition (including by way of merger or consolidation and including any Sale and
Leaseback Transaction) of any property (but excluding in any event sales of inventory, transactions pursuant to the Morgan Stanley Off-Take Agreements and/or the Oil Supply Agreements, dispositions of cash and cash equivalents (including Cash
Equivalents but excluding payments made in cash to the extent such payments are not prohibited by the terms of this Agreement) and licenses of any Intellectual Property by Holdings or any of its Subsidiaries in the ordinary course of business) and
(b) any issuance or sale of any Equity Interests of any Subsidiary of Holdings, in each case, to any person other than (i) Borrowers, (ii) any Subsidiary Guarantor or (iii) other than for purposes of Section 6.06, any
other Subsidiary. For the avoidance of doubt, the granting of a Permitted Lien shall not constitute an “Asset Sale.” 

“Assignment and Assumption” shall mean an assignment and assumption entered into by a Lender and an Eligible Assignee
(with the consent of any party whose consent is required by Section 10.04(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit B, or any other form approved by the Administrative Agent. 

“Attributable Indebtedness” shall mean, when used with respect to any Sale and Leaseback Transaction, as at the time of
determination, the present value (discounted at a rate equivalent to Holdings’ and its Subsidiaries’ then-current weighted average cost of funds for borrowed money as at the time of determination, compounded on a semi-annual basis) of the
total obligations of the lessee for rental payments during the remaining term of the lease included in any such Sale and Leaseback Transaction. 
 “Auto-Renewal Letter of Credit” shall have the meaning assigned to such term in Section 2.18(c)(iii). 
 “Available Amount Basket” shall mean (i) the sum of (without duplication) (A) $40,000,000, plus (B) fifty percent (50%) of Consolidated Net Income (to the
extent zero or positive) for 

  
 -4-

 
the most recent date of determination, plus (C) the proceeds of any issuance of Equity Interests (other than Disqualified Capital Stock) by Holdings, plus (D) capital
contributions to Holdings, plus (E) unsecured debt issued by Holdings and the Subsidiary Guarantors after the Closing Date which is permitted to be issued under Section 6.01(l), plus (F) Disqualified Capital Stock issued
after the Closing Date that has been exchanged or converted into Equity Interests not constituting Disqualified Capital Stock, together with the fair value of any property received upon such exchange or conversion, plus (G) the net
proceeds of sales of Investments made under Section 6.04(n), plus (H) returns, profits, distributions and similar amounts received on Investments made under Section 6.04(n) (up to, but not in excess of, the amount
of the original Investment), plus (I) the Investments of Holdings and its Subsidiaries in any Excluded Subsidiary that has been re-designated as a Subsidiary Guarantor or that has been merged or consolidated into Holdings, another
Borrower, or any of their respective Subsidiaries (other than an Excluded Subsidiary) that is a Subsidiary Guarantor or the fair market value of the assets of any Excluded Subsidiary that have been transferred to Holdings, another Borrower, or any
of their respective Subsidiaries (other than an Excluded Subsidiary) that is a Subsidiary Guarantor, in the case of each of the foregoing clauses to the extent not used or otherwise applied to consummate Investments, Dividends and junior debt
repayments, in the case of any such Investments, Dividends or junior debt repayments to the extent permitted under the terms of this Agreement and made pursuant to Sections 6.04(n), 6.07(d) and 6.10(a)(iv), respectively, plus
(J) the aggregate amount of all cash dividends and other cash distributions received by any Borrower or any Subsidiary Guarantor from any minority interest, Excluded Subsidiary or other Subsidiary (other than a Subsidiary Guarantor) after
the Closing Date and on or prior to the relevant determination date, minus (ii) 100% of Consolidated Net Income (to the extent negative) of Holdings and its Subsidiaries for the relevant period of determination. 

“Bailee Letter” shall have the meaning assigned thereto in the Security Agreements. 

“Base Rate” shall mean, for any day, a rate per annum that is equal to the corporate base rate of interest established
by the Administrative Agent from time to time; each change in the Base Rate shall be effective on the date such change is effective. The corporate base rate is not necessarily the lowest rate charged by the Administrative Agent to its customers.

 “Blocked Accounts” shall have the meaning assigned to such term in Section 2.22. 

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States. 

“Board of Directors” shall mean, with respect to any person, (i) in the case of any corporation, the board of
directors of such person, (ii) in the case of any limited liability company, the board of managers of such person, (iii) in the case of any partnership, the Board of Directors of the general partner of such person and (iv) in any
other case, the functional equivalent of the foregoing. 
 “Borrower” and “Borrowers” shall
have the meanings assigned to such terms in the preamble hereto and shall include any Eligible Subsidiary which becomes a Borrower pursuant to Section 2.20(b)(iv), Section 5.18(a) and Section 4.04 from time to
time. 
 “Borrowing” shall mean (a) Loans of the same Class and Type, made, converted or continued on the
same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 

  
 -5-

 “Borrowing Availability” shall mean at any time the lesser of (a) the
Borrowing Base at such time and (b) the aggregate amount of the Lenders’ Revolving Commitments at such time, in each case, less the aggregate Revolving Exposure of all Lenders at such time. 

“Borrowing Base” shall mean at any time, subject to adjustment as provided in Section 2.21, an amount equal
to the sum of, without duplication: 
 (a) the book value of Eligible Accounts of the Borrowers with respect to investment
grade obligors multiplied by the advance rate of 90%, plus, 
 (b) the book value of Eligible Accounts of the Borrowers
with respect to non-investment grade obligors multiplied by the advance rate of 85%, plus, 
 (c) the Cost of Eligible
Hydrocarbon Inventory of the Borrowers multiplied by the advance rate of 80%, plus 
 (d) 100% of the cash and Cash
Equivalents in deposit accounts subject to Control Agreements under Section 2.22, minus 
 (e) the sum of
(i) any Reserves established from time to time by the Co-Collateral Agents in accordance with the terms and conditions of this Agreement, and (ii) Hedging Reserves. 
 The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate theretofore delivered to the Administrative Agent so long as the Borrowing Base is calculated
in accordance with the terms of this Agreement. 
 “Borrowing Base Certificate” shall mean an Officers’
Certificate from Administrative Borrower, substantially in the form of, and containing the information prescribed by, Exhibit R, delivered to the Administrative Agent setting forth Borrowers’ calculation of the Borrowing Base.

 “Borrowing Request” shall mean a request by Administrative Borrower in accordance with the terms of
Section 2.03 and substantially in the form of Exhibit C, or such other form as shall be approved by the Administrative Agent. 
 “Business Day” shall mean any day other than a Saturday, Sunday or other day on which banks in New York City are authorized or required by law to close; provided, however,
that when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market. 

“Capital Assets” shall mean, with respect to any person, all equipment, fixed assets and Real Property or improvements
of such person, or replacements or substitutions therefor or additions thereto, that, in accordance with GAAP, have been or should be reflected as additions to property, plant or equipment on the balance sheet of such person. 

“Capital Expenditures” shall mean, for any period, without duplication, all expenditures made directly or indirectly by
Borrowers and their Subsidiaries during such period for Capital Assets (whether paid in cash or other consideration, financed by the incurrence of Indebtedness or accrued as a liability) as determined in accordance with GAAP, but excluding
(i) expenditures made in connection with the replacement, substitution or restoration of property pursuant to Section 2.10(d), (ii) any portion 

  
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of such increase attributable solely to acquisitions of property, plant and equipment in Permitted Acquisitions, and (iii) except for purposes of the definition of “Excluded
Issuance,” any leases that as of the date hereof qualify as operating leases under GAAP (whether or not such leases are required to be accounted for as capital leases under GAAP after the date hereof). For purposes of this definition, the
purchase price of equipment or other fixed assets that are purchased simultaneously with the trade-in of existing assets or with insurance proceeds shall be included in Capital Expenditures only to the extent of the gross amount by which such
purchase price exceeds the credit granted by the seller of such assets for the assets being traded in at such time or the amount of such insurance proceeds, as the case may be. 

“Capital Lease Obligations” of any person shall mean the obligations of such person to pay rent or other amounts under
any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such person under GAAP, and
the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Cash
Equivalents” shall mean, as to any person, 
 (1) securities issued or directly and fully and unconditionally
guaranteed or insured by the United States government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 12 months or less from
the date of acquisition; 
 (2) certificates of deposit, time deposits and eurodollar time deposits with maturities of one
year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any domestic or foreign commercial bank in the United States having capital and surplus of not
less than $500,000,000; 
 (3) repurchase obligations with a term of not more than 30 days for underlying securities of the
types described in clauses (1), (2) entered into with any financial institution meeting the qualifications specified in clause (2) above; 
 (4) commercial paper rated at least P-1 by Moody’s Investors Service Inc. or at least A-1 by Standard & Poor’s Ratings Group and in each case maturing within 24 months after the
date of creation thereof and Indebtedness or preferred stock issued by Persons with a rating of “A” or higher from Standard & Poor’s Ratings Group or “A2” or higher from Moody’s Investors Service Inc. with
maturities of 24 months or less from the date of acquisition; 
 (5) readily marketable direct obligations issued by any
state, commonwealth or territory of the United States or any political subdivision or taxing authority thereof having a rating of “BBB+” or higher from Standard & Poor’s Ratings Group or “Baa1” or higher from
Moody’s Investors Service Inc. with maturities of 24 months or less from the date of acquisition; or 

(6) Investments with average maturities of 12 months or less from the date of acquisition in money market funds rated within the top
three ratings category by Standard & Poor’s Ratings Group or Moody’s Investors Service Inc. 
 “Cash
Interest Expense” shall mean, for any period, Consolidated Interest Expense for such period paid or payable in cash, and excluding in any event the sum of (a) interest on any debt paid by 

  
 -7-

 
the increase in the principal amount of such debt including by issuance of additional debt of such kind or otherwise paid other than in cash, (b) items described in clause (c) or, other
than to the extent paid in cash, clause (g) of the definition of “Consolidated Interest Expense” and (c) an amount equal to the gross interest income of Holdings and its Subsidiaries for such period. 

“Cash Management System” shall have the meaning assigned to such term in Section 2.22. 

“Casualty Event” shall mean any involuntary loss of title, any involuntary loss of, damage to or any destruction of, or
any condemnation or other taking (including by any Governmental Authority) of, any property of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries). “Casualty Event” shall include but not be limited to any taking of all
or any part of any Real Property of Holdings or any Subsidiary (other than an Excluded Subsidiary) or any part thereof, in or by condemnation or other eminent domain proceedings pursuant to any Requirement of Law, or by reason of the temporary
requisition of the use or occupancy of all or any part of any Real Property of any person or any part thereof by any Governmental Authority, civil or military, or any settlement in lieu thereof. 

“Catalyst Assets” shall mean all existing and hereafter acquired catalyst assets and inventory, precious metals assets
and precious metals inventory and all additions and accessions thereto, all proceeds resulting therefrom, including insurance proceeds, and all rights and privileges incident thereto. 

“CERCLA” shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42
U.S.C. § 9601 et seq. and all implementing regulations. 
 “Certain Hydrocarbon Assets” shall mean
crude oil, feedstock, indigenous feedstock and other hydrocarbon inventory of the same type supplied and sold to the Loan Parties by Statoil and/or its Affiliates (or any permitted successor of the foregoing) or MSCG and/or its Affiliates (or any
permitted successor of the foregoing), as applicable, in each instance, other than to the extent owned by Toledo, Paulsboro and/or Delaware City, respectively, and all proceeds of such crude oil, feedstock, indigenous feedstock or other hydrocarbon
inventory of the same type (it being understood and agreed that immediately upon any payment in cash to the Loan Parties in respect of such crude oil, feedstock or other hydrocarbon inventory of the same type, such proceeds shall cease to be
“Certain Hydrocarbon Assets”). For the avoidance of doubt, Certain Hydrocarbon Assets shall not include Intermediate Products. 
 “Certain MSCG Receivables” shall mean accounts originated by the sale of finished gasoline, lube oil, specialty grades, slurry, diesel fuel, heating oil, jet fuel and other finished
refined products of the same type sold by the Loan Parties to MSCG and/or its Affiliates under the Morgan Stanley Off-Take Agreements (it being understood and agreed that upon collection of such accounts by virtue of payment in cash in respect
thereof to any Loan Party, the proceeds of such accounts will cease to be “Certain MSCG Receivables”). For the avoidance of doubt, “Certain MSCG Receivables” shall include accounts originating from specialty grades and lube oil
but shall exclude accounts originating from Intermediate Products, components of gasoline, heating oil, diesel or jet fuel and all other products other than those specifically listed above in this definition. 

A “Change in Control” shall be deemed to have occurred if: 

(a) Holdings at any time ceases to own 100% of the Equity Interests of Delaware City, Paulsboro or Toledo; 

  
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 (b) at any time a change of control occurs under any Material
Indebtedness; 
 (c) prior to an IPO, the Permitted Holders (collectively) shall fail, directly or
indirectly, (i) to own, or to have the power to vote or direct the voting of, Voting Stock of Parent representing a majority of the voting power of the total outstanding Voting Stock of Parent or (ii) to own Equity Interests representing a
majority of the total economic interests of the Equity Interests of Parent; or 
 (e) upon and following an
IPO, (A) the Permitted Holders (collectively) shall fail (i) to own, or to have the power to vote or direct the voting of, Voting Stock of Holdings representing more than 35% of the voting power of the total outstanding Voting Stock of
Holdings, or (ii) to own Equity Interests representing more than 35% of the total economic interests of the Equity Interests of Holdings and a “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act) ( but excluding any employee benefit plan of such person and its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) other than the Permitted Holders,
shall become the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of more than the greater of (x) thirty-five percent (35%) of the then outstanding Voting Stock of Holdings, and
(y) the percentage of the then outstanding Voting Stock of Holdings, owned, directly or indirectly, beneficially by the Permitted Holders; and (B) during any period of two consecutive years, individuals who at the beginning of such period
constituted the Board of Directors of Holdings (together with any new directors whose election to such Board of Directors or whose nomination for election was approved by a vote of a majority of the members of the Board of Directors of Holdings,
which members comprising such majority are then still in office and were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the
Board of Directors of Holdings. 
 For purposes of this definition, a person shall not be deemed to have beneficial ownership of
Equity Interests subject to a stock purchase agreement, merger agreement or similar agreement until the consummation of the transactions contemplated by such agreement. 
 “Change in Law” shall mean the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking into effect of any law, treaty, order, policy, rule
or regulation, (b) any change in any law, treaty, order, policy, rule or regulation or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or
directive (whether or not having the force of law) by any Governmental Authority; provided, that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Charges” shall have the meaning assigned to such term in Section 10.14. 

  
 -9-

 “Class,” when used in reference to any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are Revolving Loans, Incremental Revolving Loans or Swingline Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or Swingline
Commitment, in each case, under this Agreement as originally in effect or pursuant to Section 2.20, of which such Loan, Borrowing or Commitment shall be a part. 
 “Closing Date” shall mean December 17, 2010. 

“Code” shall mean the Internal Revenue Code of 1986. 

“Collateral” shall mean, collectively, all of the Security Agreement Collateral and all other property of whatever kind
and nature subject or purported to be subject from time to time to a Lien under any Security Document. For the avoidance of doubt, “Collateral” does not include any assets of and any Equity Interests issued by any Excluded Subsidiary.

 “Co-Collateral Agents” shall mean UBS AG, Stamford Branch, Bank of America, N.A. and Wells Fargo Bank, N.A.,
each in their capacities as co-collateral agents under this Agreement. 
 “Co-Documentation Agents” shall have
the meaning assigned to such term in the preamble hereto. 
 “Co-Syndication Agents” shall have the meaning
assigned to such term in the preamble hereto. 
 “Collection Account” shall have the meaning assigned to such
term in Section 2.22. 
 “Commercial Letter of Credit” shall mean any letter of credit or similar
instrument issued for the purpose of providing credit support in connection with the purchase of materials, goods or services by, and/or other general corporate purpose of, Borrowers or any of their Subsidiaries. 

“Commitment” shall mean, with respect to any Lender, such Lender’s Revolving Commitment or Swingline Commitment,
and any Commitment to make Revolving Loans extended by such Lender as provided in Section 2.20. 

“Commitment Fee” shall have the meaning assigned to such term in Section 2.05(a). 

“Commodity Hedging Agreement” shall mean any agreement (including any master agreement or master netting agreement) that
evidences or provides for a swap, cap, collar, floor, put, call, option, future, other derivative, spot purchase or sale, forward purchase or sale, supply or off-take, transportation agreement, storage agreement or other commercial or trading
agreement in or involving crude oil, natural gas, any feedstock, blendstock, intermediate product, finished product, refined product or other hydrocarbons product, carbon credit, pollution credits and/or any other “cap and trade” assets or
any other energy, weather or emissions related commodity (including any crack spread), or any prices or price indices relating to any of the foregoing commodities, or any economic index or measure of economic risk or value, or other benchmark
against which payments or deliveries are to be made (including any combination of such transactions). 

“Companies” shall mean Holdings and its Subsidiaries (other than Excluded Subsidiaries); and “Company”
shall mean any one of them. 

  
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 “Compliance Certificate” shall mean a certificate of a Financial Officer
substantially in the form of Exhibit D. 
 “Consolidated Amortization Expense” shall mean, for any
period, the amortization expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Depreciation Expense” shall mean, for any period, the depreciation expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance
with GAAP. 
 “Consolidated EBITDA” shall mean, for any period, Consolidated Net Income for such period,
adjusted (without duplication) by (x) adding thereto, in each case only to the extent (and in the same proportion) deducted in determining such Consolidated Net Income and without duplication (and with respect to the portion of
Consolidated Net Income attributable to any Subsidiary that is an Excluded Subsidiary of Holdings only if a corresponding amount would be permitted at the date of determination to be distributed to Holdings by such Subsidiary that is an Excluded
Subsidiary without prior approval (that has not been obtained), pursuant to the terms of its Organizational Documents and all agreements, instruments and Requirements of Law applicable to such Subsidiary): 

(a) Consolidated Interest Expense for such period, plus 

(b) Consolidated Amortization Expense for such period, plus 

(c) Consolidated Depreciation Expense for such period, plus 

(d) Consolidated Tax Expense for such period, plus 

(e) fees, costs, liabilities and expenses incurred in connection with the Transactions, plus 

(f) the aggregate amount of all other non-cash charges, expenses or losses reducing Consolidated Net Income (excluding any
non-cash charge, expense or loss that results in an accrual of a reserve for cash charges in any future period and any non-cash charge, expense or loss relating to write-offs, write-downs or reserves with respect to accounts or inventory) for such
period, plus 
 (g) any fees, charges and expenses incurred during such period (other than Consolidated
Depreciation Expense or Consolidated Amortization Expense), in connection with any acquisition, merger, consolidation, Investment, Asset Sale, other disposition of assets, issuance or repayment of Indebtedness, issuance of Equity Interests,
refinancing transaction or amendment or modification of any debt instrument (in each case, including any such transaction consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring
merger costs incurred during such period as a result of any such transaction (including, without limitation, any non-cash expenses or charges recorded in accordance with GAAP relating to equity interests issued to non-employees in exchange for
services provided in connection with the Transactions), plus 

  
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 (h) the amount of any restructuring charges, integration costs, retention
charges, stock option and any other equity-based compensation expenses or other business optimization expenses, including, without limitation, costs associated with improvements to IT and accounting functions, costs associated with establishing new
facilities, costs or reserves deducted (and not added back) in such period in computing Consolidated Net Income, including any one-time costs incurred in connection with acquisitions after the Closing Date and costs related to the closure and/or
consolidation of facilities, plus 
 (i) any extraordinary, non-recurring or unusual gains or losses or
expenses, severance, relocation costs or payments and curtailments or modifications to pension and post-retirement employee benefit plans, plus 
 (j) any other non-cash charges, expenses or losses including any write offs or write downs reducing Consolidated Net Income for such period and any non-cash expense relating to the vesting of
warrants (provided that if any such non-cash charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such
extent, and excluding amortization of a prepaid cash item that was paid in a prior period), plus 
 (k) the
amount of customary indemnities and expenses paid or accrued in such period to the Sponsors and deducted (and not added back) in such period in computing Consolidated Net Income, in an aggregate amount not to exceed $7,500,000 in any fiscal year,
plus 
 (l) any costs or expense incurred pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash proceeds by third Persons that are not Loan Parties contributed to the capital
of Holdings or any Subsidiary, plus 
 (m) any net loss from disposed or discontinued operations, and 

(n) to the extent not already included in the Consolidated Net Income of such Person and its Subsidiaries, notwithstanding
anything to the contrary in the foregoing, Consolidated EBITDA shall include the amount of cash proceeds received from business interruption insurance and reimbursements of any expenses and charges that are covered by indemnification or other
reimbursement provisions in connection with any investment or any sale, conveyance, transfer or other disposition of assets permitted hereunder, and 
 (y) subtracting therefrom (A) any net gain from disposed or discontinued operations and (B) the aggregate amount of all non-cash items increasing Consolidated Net Income (other than the
accrual of revenue or recording of receivables in the ordinary course of business) for such period. 
 Consolidated EBITDA shall
be calculated on a Pro Forma Basis to give effect to the Acquisitions, any Permitted Acquisition and Asset Sales (other than any dispositions in the ordinary course of business) and the conversion of any Excluded Subsidiary into a Subsidiary
Guarantor consummated at any time on or after the first day of the Test Period and prior to the date of determination as if such Acquisition and each such Permitted Acquisition or conversion of an Excluded Subsidiary into a Subsidiary Guarantor had
been effected on the first day of such period and as if each such Asset Sale had been consummated on the day prior to the first day of such period. 

  
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 For purposes of the covenants set forth in Article VI, Consolidated EBITDA shall not include
any Consolidated Net Income or, without duplication, any other amounts attributable to an Excluded Subsidiary, except to the extent actually distributed in cash to, and actually received by, a Loan Party. 

“Consolidated Fixed Charge Coverage Ratio” shall mean, for any Test Period, the ratio of (a) Consolidated EBITDA
for such Test Period to (b) Consolidated Fixed Charges for such Test Period. For the avoidance of doubt, Consolidated EBITDA shall not include any Consolidated Net Income or, without duplication, any other amounts attributable to an Excluded
Subsidiary, except to the extent actually distributed in cash to, and actually received by, a Loan Party. 

“Consolidated Fixed Charges” shall mean, for any period, the sum, without duplication, of 

(a) Consolidated Interest Expense for such period; 

(b) the aggregate amount of Unfinanced Capital Expenditures of Holdings and its Subsidiaries (other than Excluded
Subsidiaries) for such period; 
 (c) all cash payments in respect of income taxes of Holdings and its
Subsidiaries (other than Excluded Subsidiaries which are not part of the consolidated tax group of Holdings or any Subsidiary Guarantor) made during such period (net of any cash refund in respect of income taxes actually received during such
period); 
 (d) the principal amount of all scheduled amortization payments on all Indebtedness (including
the principal component of all Capital Lease Obligations) of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period (as determined on the first day of the respective period); 

(e) all cash dividend payments on any series of Disqualified Capital Stock of Holdings or any of its Subsidiaries
(other than Excluded Subsidiaries) (other than dividend payments to Borrowers or any of their Subsidiaries that are Subsidiary Guarantors); and 
 (f) all cash dividend payments on any Preferred Stock (other than Disqualified Capital Stock) of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) (other than dividend payments
to Borrowers or any of their Subsidiaries that are Subsidiary Guarantors). 
 “Consolidated Interest Coverage
Ratio” shall mean, for any Test Period, the ratio of (x) Consolidated EBITDA for such Test Period to (y) Consolidated Interest Expense for such Test Period. 
 “Consolidated Interest Expense” shall mean, for any period, the total consolidated interest expense of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period
determined on a consolidated basis in accordance with GAAP plus, without duplication: 
 (a) imputed
interest on Capital Lease Obligations and Attributable Indebtedness of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period; 

  
 -13-

 (b) commissions, discounts and other fees and charges owed by Holdings or
any of its Subsidiaries (other than Excluded Subsidiaries) with respect to letters of credit securing financial obligations, bankers’ acceptance financing and receivables financings for such period; 

(c) amortization of debt issuance costs, debt discount or premium and other financing fees and expenses incurred by
Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) for such period; 
 (d) cash
contributions to any employee stock ownership plan or similar trust made by Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) to the extent such contributions are used by such plan or trust to pay interest or fees to any person
(other than Delaware City, Paulsboro, Toledo or any of their respective Wholly Owned Subsidiaries) in connection with Indebtedness incurred by such plan or trust for such period; 

(e) all interest paid or payable with respect to discontinued operations of Holdings or any of its Subsidiaries
(other than Excluded Subsidiaries) for such period; 
 (f) the interest portion of any deferred payment
obligations of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) for such period; 

(g) all interest on any Indebtedness of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) of the
type described in clause (f) or (k) of the definition of “Indebtedness” for such period; 

(h) minus the total consolidated interest income of Holdings and its Subsidiaries (other than Excluded
Subsidiaries) for such period; 
 provided that (a) to the extent directly related to the Transactions, debt issuance costs, debt
discount or premium and other financing fees, costs and expenses shall be excluded from the calculation of Consolidated Interest Expense and (b) Consolidated Interest Expense shall be calculated after giving effect to Hedging Agreements related
to interest rates (including associated costs), but excluding unrealized gains and losses with respect to Hedging Agreements related to interest rates. 
 Consolidated Interest Expense shall be calculated on a Pro Forma Basis to give effect to any Indebtedness (other than Indebtedness incurred for ordinary course working capital needs under ordinary course
revolving credit facilities) incurred, assumed or permanently repaid or extinguished at any time on or after the first day of the Test Period and prior to the date of determination in connection with the Acquisitions, any Permitted Acquisitions and
Asset Sales (other than any dispositions in the ordinary course of business) as if such incurrence, assumption, repayment or extinguishing had been effected on the first day of such period. 

“Consolidated Net Income” shall mean, for any period, the consolidated net income (or loss) of Holdings and its
Subsidiaries (except for Excluded Subsidiaries unless distributed in cash to, and actually received by, a Loan Party) determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from such net income (to
the extent otherwise included therein), without duplication: 
 (a) the net income (or loss) of any person (other
than a Borrower or a Subsidiary Guarantor) in which any person other than Holdings, the other Borrowers and the Subsidiary Guarantors has an ownership interest, except to the extent that cash in an amount equal to any such income has actually been
received by Borrowers or Subsidiary Guarantors; Guarantors has an ownership interest, except to the extent that cash in an amount equal to any such income has actually been received by Borrowers or Subsidiary Guarantors; 

  
 -14-

 (b) the net income of any Subsidiary of Holdings (other than a
Subsidiary Guarantor) during such period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary (other than a Subsidiary Guarantor) of that income is not permitted as of the relevant date of
determination by operation of the terms of its Organizational Documents or any agreement, instrument or Requirement of Law applicable to that Subsidiary (other than a Subsidiary Guarantor) during such period, except that Holdings’ equity in net
loss of any such Subsidiary for such period shall be included in determining Consolidated Net Income; 

(c) the after-tax effect of any extraordinary gain (or loss) realized during such period by Holdings or any of its
Subsidiaries upon any Asset Sale by Holdings or any of its Subsidiaries; 
 (d) the after-tax effect of
gains and losses due solely to fluctuations in currency values determined in accordance with GAAP for such period; 
 (e) earnings resulting from any reappraisal, revaluation or write-up of assets; 
 (f) unrealized gains and losses with respect to Hedging Obligations for such period; 
 (g) the after-tax effect of any extraordinary or nonrecurring gain (or extraordinary or non-recurring loss) recorded or recognized by Holdings or any of its Subsidiaries during such period;

 (h) the cumulative effect of changes in accounting principles during such period; 

(i) the after-tax effects of adjustments (including the effects of such adjustments pushed down to Holdings and
Subsidiaries) in the property and equipment, inventory and other intangible assets, deferred revenue and debt line items in such Person’s consolidated financial statements pursuant to GAAP resulting from the application of purchase accounting
in relation to the Transactions or any consummated acquisition or the amortization or write-off of any amounts thereof, 
 (j) the after-tax effect of income (or loss) from the early extinguishment of Indebtedness or swap obligations under Hedging Agreements or other derivative instruments; 

(k) any impairment charge or asset write-off, in each case pursuant to GAAP, and the amortization of intangibles
arising pursuant to GAAP, 
 (l) any non-cash compensation expense recorded from grants of stock
appreciation or similar rights, stock options, restricted stock or other rights shall be excluded, and 

(m) any fees and expenses incurred during such period, or any amortization thereof for such period, in connection
with any acquisition, Asset Sale, other disposition of assets, recapitalization, Investment, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each
case, including any such transaction consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such transaction.

  
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 “Consolidated Tax Expense” shall mean, for any period, the tax expense of
Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP. 

“Contested Collateral Lien Conditions” shall mean, with respect to any Permitted Lien of the type described in clauses
(b), (e) and (f) of Section 6.02, the following conditions: 
 (a) Borrowers shall cause
any proceeding instituted contesting such Lien to stay the sale or forfeiture of any portion of the Collateral on account of such Lien; and 
 (b) at the option and at the reasonable request of the Administrative Agent, to the extent such Lien is in an amount in excess of $1,500,000, the appropriate Loan Party shall maintain cash reserves
in an amount sufficient to pay and discharge such Lien and the Administrative Agent’s reasonable estimate of all interest and penalties related thereto. 
 “Contingent Obligation” shall mean, as to any person, any obligation, agreement, understanding or arrangement of such person guaranteeing or intended to guarantee any Indebtedness
(“primary obligations”) of any other person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of such person, whether or not contingent, (a) to purchase any such
primary obligation or any property constituting direct or indirect security therefor; (b) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital
of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor; (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of
the primary obligor to make payment of such primary obligation; (d) with respect to bankers’ acceptances, letters of credit and similar credit arrangements, until a reimbursement obligation arises; or (e) otherwise to assure or hold
harmless the holder of such primary obligation against loss in respect thereof; provided, however, that the term “Contingent Obligation” shall not include endorsements of instruments for deposit or collection in the ordinary
course of business or any product warranties and other customary contractual indemnities. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of
which such Contingent Obligation is made (or, if less, the maximum amount of such primary obligation for which such person may be liable, whether singly or jointly, pursuant to the terms of the instrument evidencing such Contingent Obligation) or,
if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such person is required to perform thereunder) as determined by such person in good faith. 

“Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a person, whether through the ownership of voting securities, by contract or otherwise, and the terms “Controlling” and “Controlled” shall have meanings correlative thereto. 

“Control Agreement” shall have the meaning assigned to such term in the Security Agreements.

 “Controlled Investment Affiliate” shall mean, as to any person, any other person which directly or
indirectly is in Control of, is Controlled by, or is under common Control with, such person and is organized by such person (or any person Controlling such person) primarily for making equity or debt investments in Holdings or other portfolio
companies. 

  
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 “Cost” shall mean, as determined by the Co-Collateral Agents acting
reasonably and in good faith consistent with customary industry practice for asset-based financings in the refining industry, with respect to hydrocarbon Inventory, the market value; provided, that for purposes of the calculation of the
Borrowing Base, (a) the Cost of the hydrocarbon Inventory shall not include: (i) the portion of the cost of hydrocarbon Inventory equal to the profit earned by any Affiliate on the sale thereof to a Loan Party or (ii) write-ups or
write-downs in cost with respect to currency exchange rates, and (b) notwithstanding anything to the contrary contained herein, the cost of the hydrocarbon Inventory shall be computed in the same manner and consistent with the most recent
Inventory Appraisal which has been received and approved by the Co-Collateral Agents acting reasonably consistent with customary industry practice for asset-based financings in the refining industry. 

“Credit Extension” shall mean, as the context may require, (i) the making of a Loan by a Lender or (ii) the
issuance of any Letter of Credit, or the amendment, extension or renewal of any existing Letter of Credit to the effect of increasing its face amount or extending its expiration date, by the Issuing Bank. 

“DCR Facility” shall mean Delaware City’s petroleum refinery, terminalling facility and all related assets and
properties located in New Castle County, Delaware City, Delaware. 
 “Debt Issuance” shall mean the incurrence
by Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) of any Indebtedness after the Closing Date (other than as permitted by Section 6.01). 
 “DEDA” shall mean The Delaware Economic Development Authority, a body corporate and politic constituted as an instrumentality of the State of Delaware. 

“DEDA Loan and Security Agreement” shall mean that certain Loan and Security Agreement entered into as of June 1,
2010 by and among Delaware City, as borrower and DEDA, as lender under which DEDA agreed to make a loan to Paulsboro in the amount of $20,000,000, which loan is evidenced by a promissory note dated June 1, 2010 and has a maturity date of
March 1, 2017. 
 “DEDA Specified Collateral” shall mean all equipment or fixtures of Delaware City of
every kind and nature, wherever located, whether now owned or hereafter acquired, and any accessions thereto, and including all property rights owned by Delaware City in all such equipment or fixtures or in which Delaware City has or may acquire any
interest, wherever located, together with all substitutions therefor, and all replacements and renewals thereof, and all accessions, additions, replacement parts, manuals, warranties and packaging relating thereto, including, all proceeds
(including, without limitation, insurance proceeds) of such equipment and fixtures and supporting obligations in respect of such equipment and fixtures and any and all proceeds of the foregoing. 

“Default” shall mean any event, occurrence or condition which is, or upon notice, lapse of time or both would
constitute, an Event of Default. 
 “Default Rate” shall have the meaning assigned to such term in
Section 2.06(c). 

  
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 “Defaulting Lender” shall mean any Lender, as determined by the
Administrative Agent, that (a) has failed to fund any portion of its Loans or participations in Letters of Credit or Swingline Loans required to be funded by it hereunder within one Business Day of the date required to be funded by it
hereunder, (b) has notified the Administrative Agent, the Issuing Bank, the Swingline Lender, any Lender and/or Borrowers in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public
statement to the effect that it does not intend to comply with its funding obligations under this Agreement or under any other agreements in which it commits to extend credit, (c) has failed, within two Business Days after request by the
Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans, (d) has otherwise failed
to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (e) in the case of a Lender that
has a Commitment, LC Exposure or Swingline Exposure outstanding at such time, shall take, or is the Subsidiary of any person that has taken, any action or be (or is) the subject of any action or proceeding of a type described in
Section 8.01(g) or (h) (or any comparable proceeding initiated by a regulatory authority having jurisdiction over such Lender or such person). 
 “Delaware City Morgan Stanley Off-Take Agreement” shall mean the Products Off-Take Agreement entered into by and between MSCG and Delaware City, which agreement shall be either
(i) in substantially the same form as the Paulsboro Morgan Stanley Off-Take Agreement and, to the extent with a third party that is not a Loan Party, subject to an intercreditor agreement in substantially the same form as the MSCG Intercreditor
Agreement or (ii) in form and substance reasonably satisfactory to the Administrative Agent and, to the extent with a third party that is not a Loan Party, subject to an intercreditor agreement in form and substance reasonably satisfactory to
the Administrative Agent; as such agreement may be replaced, superseded, amended (including as to changes of counterparty), modified or supplemented from time to time, to the extent not prohibited by the terms and provisions of this Agreement,
including, without limitation, compliance with Section 5.17 of this Agreement. 
 “Delaware City Statoil Oil
Supply Agreement” shall mean the Crude Oil/Feedstock Supply/Delivery and Services Agreement entered into by and between Statoil and Delaware City, which agreement shall be either (i) in substantially the same form as the Paulsboro
Statoil Oil Supply Agreement and, to the extent with a third party that is not a Loan Party, subject to an intercreditor agreement in substantially the same form at the Statoil Intercreditor Agreement or (ii) in form and substance reasonably
satisfactory to the Administrative Agent and, to the extent with a third party that is not a Loan Party, subject to an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent; as such agreement may be
replaced, superseded, amended (including as to changes of counterparty), modified or supplemented from time to time to the extent not prohibited by the terms and provisions of this Agreement, including, without limitation, Section 5.17
of this Agreement. 
 “Disqualified Capital Stock” shall mean any Equity Interest which, by its terms (or by
the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part (other than in Equity Interests that are otherwise not Disqualified Capital Stock), on or prior to the
ninety-first (91st) day after the Final Maturity Date, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interests referred to in (a) above
(other than in Equity Interests that are otherwise not Disqualified Capital Stock), in each case at any time on or prior to the ninety-first (91st) day after Final 

  
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Maturity Date, or (c) contains any repurchase obligation for cash purchase which may come into effect prior to payment in full of all Obligations; provided, however, that any
Equity Interests that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Equity Interests is convertible, exchangeable or exercisable) the right to
require the issuer thereof to redeem such Equity Interests upon the occurrence of a change in control or an asset sale occurring prior to the ninety-first (91) day after the Final Maturity Date shall not constitute Disqualified Capital Stock if
such Equity Interests provide that the issuer thereof will not redeem any such Equity Interests pursuant to such provisions prior to the repayment in full of the Obligations (other than Unasserted Contingent Obligations). 

“Dividend” with respect to any person shall mean that such person has declared or paid a dividend or returned any equity
capital to the holders of its Equity Interests or authorized or made any other distribution, payment or delivery of property (other than Qualified Capital Stock of such person) or cash to the holders of its Equity Interests in each case, in their
capacity as such, or redeemed, retired, purchased or otherwise acquired, for consideration any of its Equity Interests outstanding (or any options or warrants issued by such person with respect to its Equity Interests), or set aside any funds in a
sinking or other similar fund for any of the foregoing purposes, or shall have permitted any of its Subsidiaries (other than an Excluded Subsidiary) to purchase or otherwise acquire for consideration any of the Equity Interests of such person
outstanding (or any options or warrants issued by such person with respect to its Equity Interests). Without limiting the foregoing, “Dividends” with respect to any person shall also include all payments made or required to be made by such
person with respect to any stock appreciation rights, plans, equity incentive or achievement plans or any similar plans or setting aside in a sinking or other similar fund of any funds for the foregoing purposes. 

“dollars” or “$” shall mean lawful money of the United States. 

“Domestic Subsidiary” shall mean any Subsidiary that is organized or existing under the laws of the United States, any
state thereof or the District of Columbia. 
 “Eligible Accounts” shall have the meaning assigned to such term
in Section 2.21(a). 
 “Eligible Assignee” shall mean any person to whom it is permitted to assign
Loans and Commitments pursuant to Section 10.04(b)(i); provided that “Eligible Assignee” shall not include Sponsor, Parent, Borrowers or any of their respective Affiliates or Subsidiaries or any natural person.

 “Eligible Hydrocarbon Inventory” shall have the meaning assigned to such term in
Section 2.21(b). 
 “Eligible Subsidiary” shall mean any Wholly Owned Subsidiary of a Borrower that
is (i) a Domestic Subsidiary and (ii) owns Accounts and/or hydrocarbon Inventory, in each case, other than an Excluded Subsidiary. 
 “Embargoed Person” shall mean any party that (i) is publicly identified on the most current list of “Specially Designated Nationals and Blocked Persons” published by the
U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or resides, is organized or chartered, or has a place of business in a country or territory subject to OFAC sanctions or embargo programs or (ii) is
publicly identified as prohibited from doing business with the United States under the International Emergency Economic Powers Act, the Trading With the Enemy Act, or any other Requirement of Law. 

  
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 “Environment” shall mean ambient air, indoor air, surface water and
groundwater (including potable water, navigable water and wetlands), the land surface or subsurface strata, natural resources, the workplace or as otherwise defined in any Environmental Law. 

“Environmental Claim” shall mean any claim, notice, demand, order, action, suit, proceeding or other communication
alleging liability for or obligation with respect to any investigation, remediation, removal, cleanup, response, corrective action, damages to natural resources, personal injury, property damage, fines, penalties or other costs resulting from,
related to or arising out of (i) the presence, Release or threatened Release in or into the Environment of Hazardous Material at any location or (ii) any violation or alleged violation of any Environmental Law, and shall include any claim
seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from, related to or arising out of the presence, Release or threatened Release of Hazardous Material or alleged injury or threat of injury to
health, safety or the Environment. 
 “Environmental Law” shall mean any and all present and future treaties,
laws, statutes, ordinances, regulations, rules, decrees, orders, judgments, consent orders, consent decrees, code or other binding requirements of Governmental Authorities, and the common law, relating to protection of public health or the
Environment, the Release or threatened Release of Hazardous Material, natural resources or natural resource damages, or occupational safety or health, and any and all Environmental Permits. 

“Environmental and Necessary Capex” shall mean capital expenditures to the extent deemed reasonably necessary, as
determined by the Companies, in good faith and pursuant to prudent judgment, that are required by Applicable Law (including to comply with Environmental Laws) or are undertaken for health and safety reasons. 

“Environmental Permit” shall mean any permit, license, approval, registration, notification, exemption, consent or other
authorization required by or from a Governmental Authority under Environmental Law. 
 “Equipment” shall have
the meaning assigned to such term in the Security Agreements. 
 “Equity Interest” shall mean, with respect to
any person, any and all shares, interests, participations or other equivalents, including membership interests (however designated, whether voting or nonvoting), of equity of such person, including, if such person is a partnership, partnership
interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of property of, such partnership, whether outstanding on the date
hereof or issued after the Closing Date, but excluding debt securities convertible or exchangeable into such equity. 

“Equity Investors” shall mean Sponsor, its Controlled Investment Affiliates (other than Holdings and its Subsidiaries)
and one or more other investors (which other investors are reasonably satisfactory to the Administrative Agent and the Joint Lead Arrangers). 
 “Equity Issuance” shall mean, without duplication, (i) any issuance or sale by Parent after the Closing Date of any Equity Interests in Parent (including any Equity Interests issued
upon exercise of any warrant or option) or any warrants or options to purchase Equity Interests or (ii) any contribution to the capital of Parent or Holdings; provided, however, that an Equity Issuance shall not include any
Excluded Issuance. 

  
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 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
the same may be amended from time to time. 
 “ERISA Affiliate” shall mean, with respect to any person, any
trade or business (whether or not incorporated) that, together with such person, is treated as a single employer under Section 414 of the Code. 
 “ERISA Event” shall mean (a) any “reportable event,” as defined in Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan (other than an
event for which the 30-day notice period is waived by regulation); (b) with respect to a Plan, the failure to satisfy the minimum funding standard of Section 412 of the Code and Section 302 of ERISA, whether or not waived;
(c) the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (d) the filing pursuant to
Section 412(c) of the Code or Section 303(d) of ERISA (or after the effective date of the Pension Protection Act of 2006, Section 412(c) of the Code and Section 302(c) of ERISA) of an application for a waiver of the minimum
funding standard with respect to any Plan; (e) the incurrence by any Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (f) the receipt by any Company or any of its
ERISA Affiliates from the PBGC or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, or the occurrence of any event or condition which could reasonably be
expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Plan; (g) the incurrence by any Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect
to the withdrawal from any Plan or Multiemployer Plan; (h) the receipt by any Company or its ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to
be, insolvent or in reorganization, within the meaning of Title IV of ERISA; (i) the “substantial cessation of operations” within the meaning of Section 4062(e) of ERISA with respect to a Plan; (j) the making of any
amendment to any Plan which could result in the imposition of a lien or the posting of a bond or other security; and (k) the occurrence of a nonexempt prohibited transaction (within the meaning of Section 4975 of the Code or
Section 406 of ERISA) which could reasonably be expected to result in liability to any Company. 
 “Eurodollar
Borrowing” shall mean a Borrowing comprised of Eurodollar Loans. 
 “Eurodollar Loan” shall mean any
Eurodollar Revolving Loan. 
 “Eurodollar Revolving Borrowing” shall mean a Borrowing comprised of Eurodollar
Revolving Loans. 
 “Eurodollar Revolving Loan” shall mean any Revolving Loan bearing interest at a rate
determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II. 
 “Event of
Default” shall have the meaning assigned to such term in Section 8.01. 
 “Excess Amount”
shall have the meaning assigned to such term in Section 2.10(e). 
 “Excess Availability” shall
mean, at any time, an amount equal to (A) the then effective Borrowing Availability, plus (B) Suppressed Availability. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

  
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 “Excluded Deposit Account” means any Deposit Account (i) for which all
or substantially all of the funds on deposit therein are used solely to fund payroll, 401(k) and other retirement plans and employee benefits or health care benefits, and any trust accounts or (ii) holding at all times less than $500,000
individually or $2,000,000 in the aggregate, together with all such other Deposit Accounts excluded pursuant to this clause (ii). 
 “Excluded Issuance” shall mean an issuance and sale of Qualified Capital Stock of Parent to the Equity Investors, to the extent such Qualified Capital Stock is used, or the Net Cash
Proceeds thereof shall be, within 90 days of the consummation of such issuance and sale, used, by Holdings or one of its Subsidiaries without duplication, to finance Capital Expenditures, one or more Permitted Acquisitions or a Specified Equity
Contribution. 
 “Excluded Subsidiary” shall mean each Domestic Subsidiary formed or acquired after the Closing
Date that is designated as an Excluded Subsidiary pursuant to Section 5.18(b). For the avoidance of doubt, each Excluded Subsidiary shall not be a Subsidiary Guarantor, and to the extent that an Excluded Subsidiary’s net income
would otherwise be included in the definition of Consolidated Net Income or Consolidated EBITDA or any component thereof such Excluded Subsidiary’s net income shall not be included for purposes of calculating Consolidated Net Income or
Consolidated EBITDA unless actually distributed in cash to, and actually received by, a Loan Party. 

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, the Issuing Bank
or any other recipient of any payment to be made by or on account of any obligation of Borrowers hereunder: (a) taxes imposed on or measured by its overall net income or profits and franchise taxes (including any branch profits taxes imposed by
the United States or any similar tax imposed by any other jurisdiction) imposed on it (in lieu of net income taxes), however denominated, by a jurisdiction (i) as a result of the recipient being organized or having its principal office or, in
the case of any Lender, its applicable lending office in such jurisdiction, or (ii) as a result of a trade or business, a permanent establishment, or a present or former connection between the Administrative Agent, any Lender, the Issuing Bank
or other recipient and the jurisdiction of the taxing authority imposing such tax (other than any connection resulting solely from being a Lender hereunder); (b) in the case of a Foreign Lender (other than an assignee pursuant to a request by
Administrative Borrower under Section 2.16), any U.S. federal withholding tax that is imposed on payments hereunder pursuant to any Requirements of Law that are in effect at the time such Foreign Lender becomes a party hereto, except to
the extent that such Foreign Lender’s assignor, if any, was entitled, immediately prior to such assignment, to receive additional amounts or indemnity payments from Borrowers with respect to such withholding tax pursuant to
Section 2.15; provided that this subclause (b) shall not apply to any tax imposed on a Lender in connection with an interest or participation in any Loan or other obligation that such Lender was required to acquire
pursuant to Section 2.14(d); (c) in the case of a Foreign Lender who designates a new lending office, any U.S. federal withholding tax that is imposed on payments hereunder pursuant to any Requirements of Law that are in effect at
the time of such change in lending office, except to the extent that such Foreign Lender was entitled, immediately prior to such change in lending office, to receive additional amounts or indemnity payments from Borrowers with respect to such
withholding tax pursuant to Section 2.15; (d) any U.S. federal withholding tax that is attributable to such Lender’s failure to comply with Section 2.15(e); and (e) U.S. federal withholding Taxes imposed under
FATCA. 
 “Existing Lien” shall have the meaning assigned to such term in Section 6.02(c).

  
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 “Existing Securities Collateral” shall mean “Securities
Collateral” as defined in the Existing Security Agreements. 
 “Existing Security Agreements” shall mean
(i) that certain ABL Security Agreement, dated as of December 17, 2010, among Holdings, Delaware City and Paulsboro, as Borrowers, the other Loan Parties party thereto and the Administrative Agent for the benefit of the Secured Parties, as
amended, restated, supplemented, reaffirmed or otherwise modified from time to time and (ii) that certain Security Agreement, dated as of May 31, 2011, by and between Toledo and the Administrative Agent for the benefit of the Secured
Parties, as amended, restated, supplemented, reaffirmed or otherwise modified from time to time. 
 “Existing Security
Documents” shall mean the Existing Security Agreements, the Parent Limited Recourse Guaranty, the Parent Pledge Agreement, and each other security document or pledge agreement delivered prior to the A&R Effective Date in accordance with
applicable local or foreign law to grant a valid, perfected security interest in any property as collateral for the Secured Obligations, and all UCC or other financing statements or instruments of perfection required by this Agreement, the Existing
Security Agreements, the Parent Limited Recourse Guaranty, the Parent Pledge Agreement or any other such security document or pledge agreement to be filed with respect to the security interests in property and fixtures created pursuant to the
Existing Security Agreements and any other document or instrument utilized prior to the A&R Effective Date to pledge or grant or purport to pledge or grant a security interest or lien on any property as collateral for the Secured Obligations.

 “FATCA” shall mean Sections 1471 through 1474 of the Code and any regulations or official interpretations
thereof. 
 “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System of the United States arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not
so published for any day that is a Business Day, the average of the quotations for the day for such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

“Fee Letter” shall mean the confidential fee letter, dated as of October 26, 2012, by and among UBS AG, Stamford
Branch, UBS Securities LLC and the Borrowers. 
 “Fees” shall mean the Commitment Fees, the Administrative
Agent Fees, the LC Participation Fees, the Fronting Fees and any other fees which are provided for in the Fee Letter. 

“Final Maturity Date” shall mean the Revolving Maturity Date. 

“Financial Covenant Testing Amount” shall mean (as of any date of determination) an amount equal to 10.0% of the lesser
of (i) the then existing Borrowing Base and (ii) the then current aggregate Revolving Commitments of the Lenders at such time. 
 “Financial Officer” of any person shall mean the chief financial officer, principal accounting officer, treasurer or controller of such person. 

“FIRREA” shall mean the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended. 

  
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 “Foreign Lender” shall mean any Lender that is not,
for United States federal income tax purposes, (i) an individual who is a citizen or resident of the United States, (ii) a corporation, partnership or other entity treated as a corporation or partnership created or organized in or under
the laws of the United States, or any political subdivision thereof, (iii) an estate whose income is subject to U.S. federal income taxation regardless of its source or (iv) a trust if a court within the United States is able to exercise
primary supervision over the administration of such trust and one or more United States persons have the authority to control all substantial decisions of such trust. In addition, solely for purposes of clauses (b) and (c) of the
definition of Excluded Taxes, a Foreign Lender shall include a partnership or other entity treated as a partnership created or organized in or under the laws of the United States, or any political subdivision thereof, but only to the extent the
partners of such partnership (including indirect partners if the direct partners are partnerships or other entities treated as partnerships for U.S. federal income tax purposes created or organized in or under the laws of the United States or any
political subdivision thereof ) are treated as Foreign Lenders under the preceding sentence (in which event, the determination of whether a U.S. federal withholding tax on interest payments was imposed pursuant to any Requirements of Law in effect
at the time such Foreign Lender became a party hereto will be made by reference to the time when the applicable direct or indirect partner became a direct or indirect partner of such Foreign Lender, but only if such date is later than the date on
which such Foreign Lender became a party hereto). 
 “Foreign Plan” shall mean any employee benefit plan,
program, policy, arrangement or agreement maintained or contributed to by any Company with respect to employees employed outside the United States. 
 “Foreign Subsidiary” shall mean a Subsidiary that is organized under the laws of a jurisdiction other than the United States or any state thereof or the District of Columbia. 

“Fronting Fee” shall have the meaning assigned to such term in Section 2.05(c). 

“Fund” shall mean any person that is (or will be) engaged in making, purchasing, holding or otherwise investing in
commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP” subject to
Section 1.04, shall mean generally accepted accounting principles in the United States applied on a consistent basis. 
 “Governmental Authority” shall mean the government of the United States or any other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national
bodies such as the European Union, the European Central Bank or the Organisation for Economic Co-operation and Development). 

“Governmental Real Property Disclosure Requirements” shall mean any Requirement of Law of any Governmental Authority
requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the
sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or
handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred. 

  
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 “Guaranteed Obligations” shall have the meaning assigned to such term in
Section 7.01. 
 “Guarantees” shall mean the guarantees issued pursuant to Article VII by
the Loan Parties. 
 “Hazardous Materials” shall mean the following: hazardous substances; hazardous wastes;
polychlorinated biphenyls (“PCBs”) or any substance or compound containing PCBs; asbestos or any asbestos-containing materials in any form or condition; radon or any other radioactive materials including any source, special nuclear
or by-product material; and any other pollutant or contaminant or chemicals, wastes, materials, compounds, constituents or substances, subject to regulation or which can give rise to liability under any Environmental Laws. 

“Hedging Agreement” shall mean any swap, cap, collar, forward purchase or similar agreements or arrangements dealing
with interest rates or currency exchange rates, either generally or under specific contingencies and any Commodity Hedging Agreement. 
 “Hedging Obligations” shall mean obligations under or with respect to Hedging Agreements. 
 “Hedging Reserves” shall mean the determination by the Co-Collateral Agents, in consultation with any Lender or any of its Affiliates that enters into a Hedging Agreement in respect of
interest rates or commodity prices with any of the Loan Parties, reasonably and in good faith from the perspective of an asset-based lender, of an appropriate reserve against the Borrowing Base with respect to the exposures of the Loan Parties in
respect of such Hedging Agreement relating to interest rates or commodity prices; provided, that, the maximum amount of “Hedging Reserves” shall in no event exceed $20.0 million. 

“High Yield Indebtedness” shall mean collectively, (i) the Indebtedness incurred pursuant to that certain Indenture
dated as of February 9, 2012 by and among Holdings, PBF Finance Corporation, a Delaware corporation, the guarantors listed on the signature pages thereto, Wilmington Trust, National Association, as trustee and Deutsche Bank Trust Company
Americas, as paying agent, registrar, transfer agent, authenticating agent and collateral agent, with respect to the issuers 8.25% senior secured notes due 2020, as amended, restated, supplemented, reaffirmed or otherwise modified from time to time,
(ii) senior secured notes, that if secured by the Revolving Priority Collateral, are subordinated in right of priority only with respect to the Revolving Priority Collateral and are subject to an intercreditor agreement in form and substance
reasonably satisfactory to the Administrative Agent, or, in the case of secured notes which do not have any Liens on any of the Revolving Priority Collateral, either (A) such secured notes are subject to a collateral access agreement in form
and substance reasonably satisfactory to the Administrative Agent and Co-Collateral Agents (it being understood and agreed that the form and substance of the Revolving Credit Collateral Access Letter Agreement dated as of February 9, 2012 is
acceptable) or (B) the Co-Collateral Agents shall have established Reserves in connection with the issuance of such secured notes, and (iii) senior unsecured notes or other similar high yield indebtedness. 

“Holdings” shall have the meaning assigned to such term in the preamble hereto. 

  
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 “Holdings-MSCG Intercreditor Agreement” shall mean that certain
Intercreditor Agreement, dated as of March 1, 2012, by and among MSCG and UBS AG, Stamford Branch, as Revolving Agent and Holdings. 
 “Increase Effective Date” shall have the meaning assigned to such term in Section 2.20(a). 
 “Increase Joinder” shall have the meaning assigned to such term in Section 2.20(c). 
 “Incremental Revolving Loan” shall have the meaning assigned to such term in Section 2.20(c). 
 “Indebtedness” of any person shall mean, without duplication, (a) all obligations of such person for borrowed money; (b) all obligations of such person evidenced by bonds,
debentures, notes or similar instruments; (c) [Reserved]; (d) all obligations of such person under conditional sale or other title retention agreements relating to property purchased by such person; (e) all obligations of such person
issued or assumed as the deferred purchase price of property or services (excluding trade accounts payable and accrued obligations incurred in the ordinary course of business and not overdue by more than 120 days); (f) all Indebtedness of
others secured by any Lien on property owned or acquired by such person, whether or not the obligations secured thereby have been assumed, but limited to the fair market value of such property; (g) all Capital Lease Obligations, Purchase Money
Obligations (other than those constituting Indebtedness pursuant to clause (e) above) and synthetic lease obligations of such person; (h) all Hedging Obligations to the extent required to be reflected on a balance sheet of such
person; (i) all Attributable Indebtedness of such person; (j) all obligations of such person for the reimbursement of any obligor in respect of letters of credit, letters of guaranty, bankers’ acceptances and similar credit
transactions; and (k) all Contingent Obligations of such person in respect of Indebtedness or obligations of others of the kinds referred to in clauses (a) through (j) above. The Indebtedness of any person shall include the
Indebtedness of any other entity (including any partnership in which such person is a general partner) to the extent such person is liable therefor as a result of such person’s ownership interest in or other relationship with such entity,
except (other than in the case of general partner liability) to the extent that terms of such Indebtedness expressly provide that such person is not liable therefor. 
 “Indemnified Taxes” shall mean all Taxes other than Excluded Taxes. 
 “Indemnitee” shall have the meaning assigned to such term in Section 10.03(b). 
 “Information” shall have the meaning assigned to such term in Section 10.12. 
 “Intellectual Property” shall have the meaning assigned to such term in Section 3.06(a). 
 “Intercompany Note” shall mean a promissory note substantially in the form of Exhibit P. 
 “Intercreditor Agreements” shall mean the Toledo-MSCG Intercreditor Agreement, the Statoil Intercreditor Agreement, the Holdings-MSCG Intercreditor Agreement and the MSCG Intercreditor
Agreement.  

  
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 “Interest Election Request” shall mean a request by Administrative Borrower
to convert or continue a Revolving Borrowing in accordance with Section 2.08(b), substantially in the form of Exhibit E. 
 “Interest Payment Date” shall mean (a) with respect to any ABR Loan (including Swingline Loans), the last Business Day of each March, June, September and December to occur during any
period in which such Loan is outstanding, (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Loan with an Interest Period of
more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period, (c) with respect to any Revolving Loan,
Incremental Revolving Loan or Swingline Loan, the Revolving Maturity Date or such earlier date on which the Revolving Commitments are terminated. 
 “Interest Period” shall mean, with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar
month that is one, two, three or six months (or nine or twelve months if agreed to by all affected Lenders) thereafter, as Administrative Borrower may elect; provided that (a) if any Interest Period would end on a day other than a
Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day,
and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of
the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of
such Borrowing; provided, however, that an Interest Period shall be limited to the extent required under Section 2.03(d). 
 “Intermediate Products” shall mean hydrocarbons intermediate products and blendstocks. For the avoidance of doubt, Intermediate Products shall not include Certain Hydrocarbon Assets.

 “Inventory” shall mean all “inventory,” as such term is defined in the UCC as in effect on the
date hereof in the State of New York, wherever located, in which any Person now or hereafter has rights. 
 “Inventory
Appraisal” shall mean an inventory appraisal conducted by an independent appraisal firm selected by Administrative Agent (i) in consultation with the Administrative Borrower (except during the existence and during the continuance
thereof of an Event of Default) or (ii) in its sole discretion (during the existence and during the continuance thereof of an Event of Default). 
 “Investment Grade” shall mean, with respect to Account Debtors, Account Debtors having ratings of BBB- or higher from Moody’s Investors Service Inc. or Baa3 or higher from
Standard & Poor’s Ratings Group. 
 “Investments” shall mean, as to any person, any direct or
indirect acquisition or investment by such person, whether by means of (i) the purchase or other acquisition of Equity Interests or debt or other securities of another person, (ii) a loan, advance or capital contribution to, guarantee or
assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another person, including any partnership or joint venture interest in such other person, (iii) the

  
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purchase or ownership of a futures contract, or becoming liable for the sale or purchase of currency or commodities at a future date in the nature of a futures contract, or (iv) the purchase
or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another person or assets constituting a business unit, line of business or division of such person. Except as
otherwise expressly provided in this Agreement, the amount of an Investment will be its fair market value as determined at the time the Investment is made and without giving effect to subsequent changes in value. Notwithstanding anything to the
contrary herein, in the case of any Investment made by any Company in a Person substantially concurrently with a cash distribution by such Person to the any Company (a “Concurrent Cash Distribution”), then the amount of such
Investment shall be deemed to be the fair market value of the Investment, less the amount of the Concurrent Cash Distribution. 

“IPO” shall mean the first underwritten public offering by PBF Energy Inc. or a Subsidiary (including any partnership)
of Parent (which Subsidiary shall not be below Holdings) formed specifically for this purpose of its respective Equity Interests after the Closing Date pursuant to a registration statement filed with the Securities and Exchange Commission in
accordance with the Securities Act which raises Net Cash Proceeds of at least $50.0 million. 
 “Issuing Bank”
shall mean, as the context may require, (a) UBS AG, Stamford Branch, in its capacity as issuer of Letters of Credit issued by it; (b) any other Lender or Affiliate of a Lender that may become an Issuing Bank pursuant to
Sections 2.18(i) and (j) in its capacity as issuer of Letters of Credit issued by such Lender; or (c) collectively, all of the foregoing. 
 “Joinder Agreement” shall mean a joinder agreement substantially in the form of Exhibit F. 
 “Joint Lead Arrangers” shall have the meaning assigned to such term in the preamble hereto. 
 “Landlord Access Agreement” shall mean a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative
Agent. 
 “Last-Out Portion” shall mean, from time to time, the excess of Hedging Obligations incurred pursuant
to Hedging Agreements entered into with Lenders or any of their Affiliates over the Hedging Reserves. 
 “LC
Commitment” shall mean the commitment of an Issuing Bank to issue Letters of Credit pursuant to Section 2.18. The aggregate amount of the LC Commitments of all Issuing Banks in the aggregate shall initially be $1,000,000,000,
but in no event shall (i) the aggregate amount of the LC Commitments of all Issuing Banks exceed the Revolving Commitment or (ii) the LC Commitment of any one Issuing Bank exceed $500,000,000. 

“LC Disbursement” shall mean a payment or disbursement made by the Issuing Bank pursuant to a drawing under a Letter of
Credit. 
 “LC Exposure” shall mean at any time the sum (without duplication) of (a) the aggregate undrawn
amount of all outstanding Letters of Credit at such time plus (b) the aggregate principal amount of all Reimbursement Obligations outstanding at such time. The LC Exposure of any Revolving Lender at any time shall mean its Pro Rata
Percentage of the aggregate LC Exposure at such time. 

  
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 “LC Participation Fee” shall have the meaning assigned to such term in
Section 2.05(c). 
 “LC Request” shall mean a request by Administrative Borrower in accordance with
the terms of Section 2.18(b) and substantially in the form of Exhibit H, or such other form as shall be approved by the Administrative Agent. 
 “Leases” shall mean any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any
other similar agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all
or any portion of any Real Property. 
 “Lender Addendum” shall mean with respect to any Lender on the A&R
Effective Date, a lender addendum in the form of Exhibit I, to be executed and delivered by such Lender on the A&R Effective Date as provided in Section 10.15. 

“Lenders” shall mean (a) the financial institutions that have become a party hereto pursuant to a Lender Addendum
and (b) any financial institution that has become a party hereto pursuant to an Assignment and Assumption, other than, in each case, any such financial institution that has ceased to be a party hereto pursuant to an Assignment and Assumption.
Unless the context clearly indicates otherwise, the term “Lenders” shall include the Swingline Lender. 

“Letter of Credit” shall mean any (i) Standby Letter of Credit and (ii) Commercial Letter of Credit, in each
case, issued or to be issued by an Issuing Bank for the account of a Borrower pursuant to Section 2.18. 

“Letter of Credit Expiration Date” shall mean the date which is five (5) Business Days prior to the Revolving
Maturity Date. 
 “LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period,
the rate per annum reasonably determined by the Administrative Agent to be the arithmetic mean of the offered rates for deposits in dollars with a term comparable to such Interest Period that appears on the Telerate British Bankers Assoc. Interest
Settlement Rates Page (as defined below) at approximately 11:00 a.m., London, England time, on the second full London Business Day preceding the first day of such Interest Period; provided, however, that (i) if no comparable term
for an Interest Period is available, the LIBOR Rate shall be determined using the weighted average of the offered rates for the two terms most nearly corresponding to such Interest Period and (ii) if there shall at any time no longer exist a
Telerate British Bankers Assoc. Interest Settlement Rates Page, “LIBOR Rate” shall mean, with respect to each day during each Interest Period pertaining to Eurodollar Borrowings comprising part of the same Borrowing, (A) the rate that
is the successor rate thereto if the British Bankers Association is no longer determining the “LIBOR Rate”, and only absent such a successor rate, (B) the rate per annum equal to the rate at which the Administrative Agent is offered
deposits in dollars at approximately 11:00 a.m., London, England time, two London Business Days prior to the first day of such Interest Period in the London interbank market for delivery on the first day of such Interest Period for the number of
days comprised therein and in an amount comparable to its portion of the amount of such Eurodollar Borrowing to be outstanding 

  
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during such Interest Period. Notwithstanding the foregoing, for purposes of clause (c) of the definition of Alternate Base Rate, the rates referred to above shall be the rates as of 11:00
a.m., London, England time, on the date of determination (rather than the second London Business Day preceding the date of determination). “Telerate British Bankers Assoc. Interest Settlement Rates Page” shall mean the display
designated as Reuters Screen LIBOR01 Page (or such other page as may replace or succeed such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

 “Lien” shall mean, with respect to any property, (a) any mortgage, deed of trust, lien, pledge,
encumbrance, charge, collateral assignment, hypothecation, security interest or encumbrance of any kind or any arrangement effective to provide priority or preference or any filing of any financing statement under the UCC or any other similar notice
of lien under any similar notice or recording statute of any Governmental Authority, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law;
(b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such property;
and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Loan Documents” shall mean this Agreement, the Letters of Credit, the Intercreditor Agreements, the Notes (if any), and the Security Documents and the Fee Letter. 

“Loan Parties” shall mean the Borrowers and the Subsidiary Guarantors. 

“Loans” shall mean, as the context may require, a Revolving Loan or a Swingline Loan (and shall include any Loans
contemplated by Section 2.20). 
 “London Business Day” shall mean any day on which banks are
generally open for dealings in dollar deposits in the London interbank market. 
 “Margin Stock” shall have the
meaning assigned to such term in Regulation U. 
 “Market Disruption Loans” shall mean Loans the rate of
interest applicable to which is based upon the Market Disruption Rate, and the Applicable Margin with respect thereto shall be the same as the Applicable Margin then applicable to Eurodollar Loans; provided that, other than with respect to
the rate of interest and Applicable Margin applicable thereto, Market Disruption Loans shall for all purposes hereunder and under the other Loan Documents be treated as ABR Loans. 

“Market Disruption Rate” shall mean, for any day, a fluctuating rate per annum (rounded upwards, if necessary, to the
nearest 1/100th of 1%) equal to (as determined by in the reasonable discretion of the Administrative Agent in good faith pursuant to its reasonable judgment in consultation with Administrative Borrower), either (i) the Alternate Base Rate for
such day or (ii) the rate for such day reasonably determined by the Administrative Agent to be the cost of funds of representative participating members in the interbank eurodollar market selected by the Administrative Agent (which may include
Lenders) for maintaining loans similar to the relevant Market Disruption Loans. Any change in the Market Disruption Rate shall be effective as of the opening of business on the effective day of any change in the relevant component of the Market
Disruption Rate. 

  
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 “Material Adverse Effect” shall mean (a) a material adverse effect on
the business, property, results of operations or financial condition of Borrowers and their Subsidiaries, taken as a whole; (b) a material adverse effect on the ability of the Loan Parties to fully perform their respective payment obligations
under any Loan Document; or (c) a material adverse effect on the rights of or benefits or remedies available to the Lenders, the Co-Collateral Agents or the Administrative Agent under any Loan Document; provided, however, that in
no event shall any effect that results from any of the following be deemed to constitute a Material Adverse Effect: (i) this Agreement, the Loan Documents or any actions taken in compliance with this Agreement or the Loan Documents, or the
pendency or announcement thereof; (ii) changes or conditions generally affecting the industry in which the Borrowers and their Subsidiaries operate; (iii) changes in general economic, regulatory or political conditions (including interest
rate, commodities and currency fluctuations); (iv) changes in law or Environmental Laws; (v) changes in accounting principles; or (vi) acts of war, insurrection, sabotage or terrorism, unless, in the case of each of the clauses
(iii)-(vi) above, such change has a disproportionate effect on the Borrowers and their Subsidiaries or their assets as compared to the effect on other participants in the industry or their assets, as the case may be. 

“Material Indebtedness” shall mean any Indebtedness (other than the Loans and Letters of Credit) or Hedging Obligations
of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) in an aggregate outstanding principal amount exceeding $40,000,000. For purposes of determining Material Indebtedness, the “principal amount” in respect of any
Hedging Obligations of any Loan Party at any time shall be the maximum aggregate amount (giving effect to any netting or set-off agreements) that such Loan Party would be required to pay if the related Hedging Agreement were terminated at such time.

 “Maximum Rate” shall have the meaning assigned to such term in Section 10.14. 

“MNPI” shall have the meaning assigned to such term in Section 10.01(d). 

“Morgan Stanley Off-Take Agreements” shall mean collectively (i) the Delaware City Morgan Stanley Off-Take
Agreement and (ii) the Paulsboro Morgan Stanley Off-Take Agreement; as such agreements may be replaced, superseded, amended (including as to changes of counterparty) modified or supplemented from time to time, to the extent not prohibited by
the terms and provisions of this Agreement; provided, that any agreement with a third party that is not a Loan Party which replaces or supersedes a Morgan Stanley Off-Take Agreement in effect as of the A&R Effective Date shall be subject
to an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent, it being understood that an intercreditor agreement in the form of the MSCG Intercreditor Agreement is acceptable to the Administrative Agent.

 “Morgan Stanley-Toledo Crude Oil Agreement” shall mean that certain amended and restated crude oil
acquisition agreement entered into by MSCG and Holdings and dated as of March 1, 2012, as such agreement may be replaced, superseded, amended (including as to changes of counterparty), modified or supplemented from time to time, to the extent
not prohibited by the terms and provisions of this Agreement. 
 “MSCG” shall mean Morgan Stanley Capital Group
Inc. or any successor or assign thereof (including as a result of a changed counterparty) to the extent not prohibited by Section 5.17. 
 “MSCG Intercreditor Agreement” shall mean that certain Amended and Restated Intercreditor Agreement, dated as of April 6, 2011, by and among Morgan Stanley Capital Group Inc., UBS

  
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AG, Stamford Branch, as Revolving Agent, UBS AG, Stamford Branch, as Term Loan Agent, Holdings, Delaware City, Paulsboro and the other Loan Parties party thereto, as such agreement may be
amended, amended and restated, replaced, superseded, modified or supplemented (including as to changes of counterparties) in accordance with its terms. 
 “Multiemployer Plan” shall mean a multiemployer plan within the meaning of Section 4001(a)(3) (a) to which any Company or any ERISA Affiliate is then making or accruing an
obligation to make contributions; (b) to which any Company or any ERISA Affiliate has within the preceding five plan years made contributions; or (c) with respect to which any Company could incur liability. 

“Net Cash Proceeds” shall mean: 
 (a) with respect to any Asset Sale (other than any issuance or sale of Equity Interests) or Casualty Event, the cash proceeds actually received by Holdings or any of its Subsidiaries (other than an
Excluded Subsidiary) (including cash proceeds subsequently received (as and when received by Holdings or any of its Subsidiaries (other than an Excluded Subsidiary)) in respect of non-cash consideration initially received) net of (i) selling
expenses (including reasonable brokers’ fees or commissions, legal, accounting and other professional, advisory, consulting, investment banking and transactional fees, transfer and similar taxes and Borrowers’ good faith estimate of income
taxes actually paid or payable in connection with such sale); (ii) amounts provided as a reserve, in accordance with GAAP, against (x) any liabilities under any indemnification obligations associated with such Asset Sale or (y) any
other liabilities retained by Holdings or any of its Subsidiaries associated with the properties sold in such Asset Sale (provided that, to the extent and at the time any such amounts are released from such reserve, such amounts shall then
constitute Net Cash Proceeds); (iii) Borrowers’ good faith estimate of payments required to be made with respect to unassumed liabilities relating to the properties sold within 180 days of such Asset Sale (provided that, to the
extent such cash proceeds are not used to make payments in respect of such unassumed liabilities within 180 days of such Asset Sale, such cash proceeds shall then constitute Net Cash Proceeds); (iv) the principal amount, premium or penalty, if
any, interest and other amounts on any Indebtedness or indebtedness which is secured by a Lien on the properties sold in such Asset Sale (so long as such Lien was permitted to encumber such properties under the Loan Documents at the time of such
sale) and which is repaid with such proceeds (other than any such Indebtedness or indebtedness assumed by the purchaser of such properties); (v) any survey costs, title insurance premiums, and related search and recording charges, transfer
taxes, deed or mortgage recording taxes, other customary expenses and brokerage, consultant and other customary fees in respect of any such Asset Sale; and (vi) taxes paid or reasonably estimated to be actually payable in connection therewith;
and 
 (b) with respect to any Equity Issuance or any other issuance or sale of Equity Interests by Parent,
Holdings or any of Holdings’ Subsidiaries, the cash proceeds thereof, net of customary fees, commissions, costs and other expenses incurred in connection therewith. 
 “Non-Guarantor Subsidiary” shall mean each Subsidiary that is not a Subsidiary Guarantor (including any Excluded Subsidiary). 

“Notes” shall mean any notes evidencing the Revolving Loans or Swingline Loans issued pursuant to this Agreement, if
any, substantially in the form of Exhibit K-1, or K-2. 

  
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 “Obligations” shall mean (a) obligations of Borrowers and the other
Loan Parties from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or
other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to
be made by Borrowers and the other Loan Parties under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of Reimbursement Obligations, interest thereon and obligations to provide cash collateral and
(iii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of Borrowers and the other Loan Parties under this Agreement and the other Loan Documents, and (b) the due and punctual
performance of all covenants, agreements, obligations and liabilities of Borrowers and the other Loan Parties under or pursuant to this Agreement and the other Loan Documents. 
 “OFAC” shall have the meaning set forth in the definition of “Embargoed Person.” 
 “Officers’ Certificate” shall mean a certificate executed by the chairman of the Board of Directors (if an officer), the chief executive officer or the president and one of the
Financial Officers and, with respect to certificates other than as to financial, borrowing base and/or other collateral matters, any other officer of a Loan Party, in each case in his or her official (and not individual) capacity. 

“Oil Supply Agreements” shall mean collectively (i) the Statoil Oil Supply Agreements and (ii) the Morgan
Stanley-Toledo Crude Oil Acquisition Agreement. 
 “Organizational Documents” shall mean, with respect to any
person, (i) in the case of any corporation, the certificate of incorporation and by-laws (or similar documents) of such person, (ii) in the case of any limited liability company, the certificate of formation and operating agreement (or
similar documents) of such person, (iii) in the case of any limited partnership, the certificate of formation and limited partnership agreement (or similar documents) of such person, (iv) in the case of any general partnership, the
partnership agreement (or similar document) of such person and (v) in any other case, the functional equivalent of the foregoing. 
 “Other Taxes” shall mean all present or future stamp or documentary taxes or any other excise, property or similar taxes, charges or levies arising from any payment made hereunder or
under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document (and any interest, additions to tax or penalties applicable thereto). 

“Overadvance” shall have the meaning assigned to such term in Section 2.02(f). 

“Parent” shall mean PBF Energy Company LLC, a Delaware limited liability company. 

“Parent Limited Recourse Guaranty” shall mean that certain Parent Limited Recourse Guaranty Agreement (ABL) issued by
Parent, dated as of the Closing Date, as amended, restated, supplemented, reaffirmed or otherwise modified from time to time. 

  
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 “Parent Pledge Agreement” shall mean that certain Parent Pledge Agreement
(ABL) by and among Parent, Administrative Agent and Co-Collateral Agents, dated as of the Closing Date, as amended, restated, supplemented, reaffirmed or otherwise modified from time to time. 

“Participant” shall have the meaning assigned to such term in Section 10.04(d). 

“Participant Register” shall have the meaning assigned to such term in
Section 10.04(d). 
 “Paulsboro Acquisition” shall mean the acquisition of Paulsboro from Valero
Refining and Marketing Company pursuant to the terms of the Paulsboro Acquisition Agreement. 
 “Paulsboro Acquisition
Agreement” shall mean that certain Stock Purchase Agreement, dated as of September 24, 2010 (as amended, supplemented or otherwise modified from time to time in accordance with the provisions thereof), with Valero Refining and
Marketing Company (“Seller”), a Delaware corporation, with respect to the acquisition of Paulsboro. 

“Paulsboro Acquisition Documents” shall mean the collective reference to the Paulsboro Acquisition Agreement and each
other document entered into in connection with the Paulsboro Acquisition. 
 “Paulsboro Facility” shall mean
Paulsboro’s petroleum refinery, terminalling facility and all related assets and properties located in Paulsboro, New Jersey. 
 “Paulsboro Morgan Stanley Off-Take Agreement” shall mean that certain Products Off-Take Agreement, dated as of December 14, 2010, between MSCG and Paulsboro, as assignee of Holdings,
as such agreement may be replaced, superseded, amended (including as to changes of counterparty), modified or supplemented from time to time, to the extent not prohibited by the terms and provisions of this Agreement, including, without limitation,
compliance with Section 5.17 of this Agreement. 
 “Paulsboro Statoil Oil Supply Agreement” shall
mean that certain Crude Oil/Feedstock Supply/Delivery and Services Agreement, dated as of December 16, 2010, between Statoil and Paulsboro, as assignee of Holdings, as replaced, superseded, amended (including as to changes of counterparty),
modified or supplemented from time to time to the extent not prohibited by the terms and provisions of this Agreement, including, without limitation, Section 5.17 of this Agreement. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 

“Perfection Certificates” shall mean (i) that certain Perfection Certificate delivered by the Borrowers (other than
Toledo) to the Administrative Agent in connection with the closing of initial Revolving Credit Agreement, dated December 17, 2010 and (ii) that certain Perfection Certificate delivered by Toledo to the Administrative Agent on the closing
date of the Existing Revolving Credit Agreement, in each case, as the same shall be supplemented from time to time by a Perfection Certificate Supplement or otherwise. 
 “Perfection Certificate Supplement” shall mean a certificate supplement substantially in the form of Exhibit L-2 or any other form approved by the Administrative Agent. 

  
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 “Permitted Acquisition” shall mean any transaction for the
(a) acquisition of all or substantially all of the property of any person, or of any business or division, or business line or unit of any person; or (b) acquisition (including by merger or consolidation) of the Equity Interests of any
person that becomes a Subsidiary after giving effect to such transaction; provided that each of the following conditions shall be met: 
 (i) no Default or Event of Default then exists or would result therefrom; 
 (ii) after giving effect to such transaction Pro Forma Excess Availability is greater than the Threshold Amount; 
 (iii) [Reserved]; 
 (iv) the person or business to be
acquired shall be, or shall be engaged in, a business of the type that Borrowers and the Subsidiaries are permitted to be engaged in under Section 6.12 and the property acquired in connection with any such transaction shall be made
subject to the Lien of the Security Documents (in each case, except to the extent the equivalent assets of a Loan Party (such Loan Party as of the date hereof) are not required to be subject to the Lien of the Security Documents) and shall be free
and clear of any Liens, other than Permitted Liens (in each case, to the extent, and within the time period set forth in Article V of this Agreement); 
 (v) the Board of Directors of the person to be acquired shall not have indicated publicly its opposition to the consummation of such acquisition (which opposition has not been publicly withdrawn);

 (vi) all transactions in connection therewith shall be consummated in accordance with all applicable
Requirements of Law; 
 (vii) with respect to any transaction involving Acquisition Consideration of more
than $30,000,000, unless the Administrative Agent shall otherwise agree, Borrowers shall have provided the Administrative Agent and the Lenders with in each case, if and to the extent available, historical financial statements for the last three
fiscal years (or, if less, the number of years since formation) of the person or business to be acquired (audited if available without undue cost or delay) and unaudited financial statements thereof for the most recent interim period which are
available; 
 (viii) at least 5 Business Days prior to the proposed date of consummation of the transaction,
Administrative Borrower shall have delivered to the Agents and the Lenders an Officers’ Certificate certifying that such transaction complies with this definition (which shall have attached thereto reasonably detailed backup data and
calculations showing such compliance); and 
 (ix) the business to be acquired and its Subsidiaries, shall,
subject to an election by Administrative Borrower under Section 5.18(b), become Subsidiary Guarantors in accordance with Section 5.10. 
 “Permitted Amendment” shall mean an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent, setting forth the terms and conditions of
Permitted Amendment Loans and/or Commitments made in accordance with and pursuant to Section 10.19 of this Agreement. 

  
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 “Permitted Holders” shall mean (a) Sponsor, (b) its Controlled
Investment Affiliates and (c) and such person’s Related Parties. 
 “Permitted Liens” shall have the
meaning assigned to such term in Section 6.02. 
 “Permitted Tax Distributions” shall mean
payments, dividends or distributions by Borrowers, Subsidiary Guarantors and their respective Subsidiaries in order to pay federal, state or local income and franchise taxes attributable to the income of Holdings or any of its Subsidiaries in an
amount not to exceed the income and franchise tax liabilities that would have been payable by Holdings and its Subsidiaries on a stand-alone basis if Holdings were treated as a taxable corporation and each Subsidiary thereof a disregarded entity,
reduced by any such income taxes paid or to be paid directly by Holdings or its Subsidiaries. 
 “person” shall
mean any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of
ERISA which is maintained or contributed to by any Company or its ERISA Affiliate or with respect to which any Company could incur liability (including under Section 4069 of ERISA). 

“Preferred Stock” shall mean, with respect to any person, any and all preferred or preference Equity Interests (however
designated) of such person whether now outstanding or issued after the Closing Date. 
 “Preferred Stock
Issuance” shall mean the issuance or sale by Holdings or any of its Subsidiaries of any Preferred Stock after the Closing Date (other than (x) as permitted by Section 6.01 or (y) any Excluded Issuance). 

“Private Side Communications” shall have the meaning assigned to such term in
Section 10.01(d). 
 “Private Siders” shall have the meaning assigned to such term in
Section 10.01(d). 
 “Pro Forma Basis” shall mean on a basis in accordance with GAAP and Regulation
S-X and otherwise reasonably satisfactory to the Administrative Agent. 
 “Pro Forma Excess Availability” shall
mean, for any date of determination, the average Excess Availability for 90 days prior to, and including, such date, after giving effect to the transactions occurring on such date, based on assumptions and calculations reasonably acceptable to the
Administrative Agent; it being agreed that, for purposes of calculating Pro Forma Excess Availability, unless the Administrative Agent shall otherwise agree in its reasonable discretion, no Accounts or hydrocarbon Inventory to be acquired in an
Investment otherwise permitted under Section 6.04 shall be included in the Borrowing Base until the Administrative Agent shall have completed a preliminary field audit and Inventory Appraisal in scope and with results reasonably
satisfactory to Administrative Agent and Co-Collateral Agents. 
 “Pro Rata Percentage” of any Revolving Lender
at any time shall mean the percentage of the total Revolving Commitments of all Revolving Lenders represented by such Lender’s Revolving 

  
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Commitment; provided that for purposes of Section 2.19(b) and (c), “Pro Rata Percentage” shall mean the percentage of the total Revolving Commitments
(disregarding the Revolving Commitment of any Defaulting Lender to the extent its Swingline Exposure or LC Exposure is reallocated to the non-Defaulting Lenders) represented by such Lender’s Revolving Commitment. If the Revolving Commitments
have terminated or expired, the Pro Rata Percentage shall be determined based upon the Revolving Commitments most recently in effect, after giving effect to any assignments. 
 “property” shall mean any right, title or interest in or to property or assets of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible and including
Equity Interests or other ownership interests of any person and whether now in existence or owned or hereafter entered into or acquired, including all Real Property. 
 “Public Siders” shall have the meaning assigned to such term in Section 10.01(d). 
 “Purchase Money Obligation” shall mean, for any person, the obligations of such person in respect of Indebtedness (including Capital Lease Obligations) incurred for the purpose of
financing all or any part of the purchase price of any property (including Equity Interests of any person) or the cost of installation, construction, development or improvement of any property and any refinancing thereof; provided,
however, that (i) such Indebtedness is incurred within one year after such acquisition, installation, construction or improvement of such property by such person and (ii) the amount of such Indebtedness does not exceed 100% of the cost
of such acquisition, installation, construction or improvement plus any costs, fees, expenses and other liabilities related thereto, as the case may be. 
 “Qualified Capital Stock” of any person shall mean any Equity Interests of such person that are not Disqualified Capital Stock. 

“Real Property” shall mean, collectively, all right, title and interest (including any leasehold, mineral or other
estate) in and to any and all parcels of or interests in real property owned, leased or operated by any person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto,
all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof. 

“Register” shall have the meaning assigned to such term in Section 10.04(c). 

“Regulation D” shall mean Regulation D of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Regulation S-X” shall mean Regulation S-X promulgated under the
Securities Act. 
 “Regulation T” shall mean Regulation T of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof. 
 “Regulation U” shall mean Regulation U of the
Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation
X” shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 

  
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 “Reimbursement Obligations” shall mean Borrowers’ obligations under
Section 2.18(e) to reimburse LC Disbursements. 
 “Related Parties” shall mean, with respect to any
person, such person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such person and of such person’s Affiliates. 
 “Release” shall mean any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing,
emanating or migrating of any Hazardous Material in, into, onto or through the Environment. 
 “Required
Lenders” shall mean Lenders having more than 50% of the sum of all Loans outstanding, LC Exposure and unused Commitments; provided that the Loans, LC Exposure and unused Commitments held or deemed held by any Defaulting Lender shall
be excluded for purposes of making a determination of Required Lenders. 
 “Requirements of Law” shall mean,
collectively, any and all applicable requirements of any Governmental Authority including any and all laws, judgments, orders, executive orders, decrees, ordinances, rules, regulations, statutes or case law. 

“Reserves” shall be determined by the Co-Collateral Agents from time to time, acting reasonably and in good faith,
pursuant to standards and practices generally applied by the Co-Collateral Agents (from the standpoint of an asset-based lender) to borrowing base debtors in the refining markets, and shall not limit Borrowing Availability on account of conditions
or circumstances already addressed in the eligibility criteria for the assets in the Borrowing Base and/or otherwise result in a duplicative adverse impact on Borrowing Availability under the Borrowing Base and shall not include Hedging Reserves.
Once the Reserves have been so determined by the Co-Collateral Agents, the Reserves will not be changed in a manner adverse to the Borrowers except to address circumstances, conditions, events or contingencies underlying the determination of the
Reserves that adversely impact the value of the Borrowing Base, and then only in a manner and to an extent that bears a reasonable relationship to changes in circumstances, conditions, events or contingencies; provided that circumstances,
conditions, events or contingencies arising prior to the A&R Effective Date of which the Co-Collateral Agents have actual knowledge prior to the A&R Effective Date shall not be the basis for any establishment or modification of any Reserve
unless such circumstances, conditions, events or contingencies shall have changed since the A&R Effective Date. 

“Response” shall mean (a) ”response” as such term is defined in CERCLA, 42 U.S.C. § 9601(24), and
(b) all other actions required by any Governmental Authority or voluntarily undertaken to (i) clean up, remove, treat, abate or in any other way address any Hazardous Material in the Environment; (ii) prevent the Release or threat of
Release, or minimize the further Release, of any Hazardous Material; or (iii) perform studies and investigations in connection with, or as a precondition to, or to determine the necessity of the activities described in, clause
(i) or (ii) above. 
 “Responsible Officer” of any person shall mean any executive officer
or Financial Officer of such person and any other officer or similar official thereof with responsibility for the administration of the obligations of such person in respect of this Agreement. 

  
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 “Revolving Availability Period” shall mean the period from and including
the Closing Date to but excluding the earlier of (A) the Business Day preceding the Revolving Maturity Date and (B) the date of termination of the Revolving Commitments. 

“Revolving Borrowing” shall mean a Borrowing comprised of Revolving Loans. 

“Revolving Commitment” shall mean, with respect to each Lender, the commitment, if any, of such Lender to make Revolving
Loans hereunder up to the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender or by an Increase Joinder, or in the Assignment and Assumption pursuant to which such Lender assumed its Revolving Commitment, as
applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The
aggregate amount of the Lenders’ Revolving Commitments on the A&R Effective Date is $1,375,000,000. 

“Revolving Credit Priority Collateral” shall mean (i) all deposit accounts of any Loan Party (other than
zero-balance accounts, trust accounts and/or payroll accounts) as well as all funds on deposit therein, (ii) all accounts receivable of any Loan Party, (iii) all hydrocarbon inventory of any Loan Party, (iv) all related instruments,
letters of credit, letter of credit rights, credit support, insurance, chattel paper, documents, supporting obligations, related payment intangibles, cash, cash equivalents, other related rights, claims, causes of action, books and records,
accounting systems and other similar personal property of any Loan Party and (v) any proceeds or products of any of the foregoing. For the avoidance of doubt, “Revolving Credit Priority Collateral” shall not include any plant,
property or equipment of any Loan Party. 
 “Revolving Exposure” shall mean, with respect to any Lender at any
time (without duplication), the aggregate principal amount at such time of all then outstanding Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s LC Exposure, plus the aggregate amount at such
time of such Lender’s Swingline Exposure. 
 “Revolving Lender” shall mean a Lender with a Revolving
Commitment. 
 “Revolving Loan” shall mean a Loan made by the Lenders to Borrowers pursuant to
Section 2.01(b). Each Revolving Loan shall either be an ABR Revolving Loan or a Eurodollar Revolving Loan. 

“Revolving Maturity Date” shall mean the date which is five (5) years after the A&R Effective Date. 

“Sale and Leaseback Transaction” has the meaning assigned to such term in Section 6.03. 

“Sarbanes-Oxley Act” shall mean the United States Sarbanes-Oxley Act of 2002, as amended, and all rules and regulations
promulgated thereunder. 
 “Saudi Oil” shall mean the crude oil purchased by the Loan Parties from Aramco
and/or its affiliates pursuant to the Saudi Oil Supply Agreement. 
 “Saudi Oil Assets” shall have the meaning
assigned to such term in Section 6.01(v). 

  
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 “Saudi Oil Supply Agreement” shall mean that certain Crude Oil Supply
Agreement by and among Holdings and Aramco. 
 “Secured Obligations” shall mean (a) the Obligations,
(b) the due and punctual payment and performance of all obligations of Borrowers and the other Loan Parties under each Hedging Agreement entered into with any counterparty that is a Secured Party and (c) the due and punctual payment and
performance of all obligations of Borrowers and the other Loan Parties (including overdrafts and related liabilities) under each Treasury Services Agreement entered into with any counterparty that is a Secured Party. 

“Secured Parties” shall mean, collectively, the Administrative Agent, the Co-Collateral Agents, each other Agent, the
Lenders and each counterparty to a Hedging Agreement or Treasury Services Agreement if at the time of entering into such Hedging Agreement or Treasury Services Agreement such person was an Agent or a Lender or an Affiliate of an Agent or a Lender
and such person executes and delivers to the Administrative Agent a letter agreement in form and substance acceptable to the Administrative Agent pursuant to which such person (i) appoints each Co-Collateral Agent as its agent under the
applicable Loan Documents and (ii) agrees to be bound by the provisions of Sections 9.03, 10.03 and 10.09 as if it were a Lender. 
 “Securities Act” shall mean the Securities Act of 1933. 

“Securities Collateral” shall mean the Existing Securities Collateral. 

“Security Agreements” shall mean the Existing Security Agreements. 

“Security Agreement Collateral” shall mean all property pledged, granted or reaffirmed as collateral pursuant to the
Security Agreements (a) on the Closing Date or (b) thereafter pursuant to Section 5.10. 

“Security Documents” shall mean the Existing Security Documents, and each other security document or pledge agreement
delivered in accordance with applicable local or foreign law to grant a valid, perfected security interest in any property as collateral for the Secured Obligations, and all UCC or other financing statements or instruments of perfection required by
this Agreement, the Existing Security Documents or any other such security document or pledge agreement to be filed with respect to the security interests in property and fixtures created pursuant to any Security Agreement and any other document or
instrument utilized to pledge or grant or purport to pledge or grant a security interest or lien on any property as collateral for the Secured Obligations. 
 “Sponsor” shall mean First Reserve Corporation, the Blackstone Group, and each of their respective Affiliates. 
 “Standby Letter of Credit” shall mean any standby letter of credit. 
 “Statoil” shall mean Statoil Marketing & Trading (US) Inc. or any successor or assign thereof (including as a result of a changed counterparty) to the extent not prohibited by
Section 5.17 hereof. 
 “Statoil Intercreditor Agreement” shall mean that certain Amended and
Restated Intercreditor Agreement, dated as of March 1, 2011, by and among Statoil Marketing & Trading (US) Inc., UBS AG, Stamford Branch, as Revolving Agent, UBS AG, Stamford Branch, as Term Loan Agent, Holdings, Delaware City,
Paulsboro and the other Loan Parties party thereto. 

  
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 “Statoil Oil Supply Agreements” shall mean collectively (i) the
Paulsboro Statoil Oil Supply Agreement and (ii) the Delaware City Statoil Oil Supply Agreement. 
 “Statutory
Reserves” shall mean for any Interest Period for any Eurodollar Borrowing in dollars, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during such Interest
Period under Regulation D by member banks of the United States Federal Reserve System in New York City with deposits exceeding one billion dollars against “Eurocurrency liabilities” (as such term is used in Regulation D). Eurodollar
Borrowings shall be deemed to constitute Eurodollar liabilities and to be subject to such reserve requirements without benefit of or credit for proration, exceptions or offsets which may be available from time to time to any Lender under Regulation
D. 
 “Subordinated Debt Payment” shall have the meaning assigned to such term in
Section 6.10(a). 
 “Subordinated Indebtedness” shall mean Indebtedness of any Loan Party that is
by its terms subordinated in right of payment to the Obligations of Borrowers and the Subsidiary Guarantors, as applicable, on terms reasonably acceptable to the Administrative Agent. 

“Subsidiary” shall mean, with respect to any person (the “parent”) at any date, (i) any person the
accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, (ii) any other corporation, limited
liability company, association or other business entity of which securities or other ownership interests representing more than 50% of the voting power of all Equity Interests entitled (without regard to the occurrence of any contingency) to vote in
the election of the Board of Directors thereof are, as of such date, owned, controlled or held by the parent and/or one or more subsidiaries of the parent, (iii) any partnership (a) the sole general partner or the managing general partner
of which is the parent and/or one or more subsidiaries of the parent or (b) the only general partners of which are the parent and/or one or more subsidiaries of the parent and (iv) any other person that is otherwise Controlled by the
parent and/or one or more subsidiaries of the parent. Unless the context requires otherwise, “Subsidiary” refers to a Subsidiary of a Borrower. 
 “Subsidiary Guarantor” shall mean each Subsidiary listed on Schedule 1.01(b), and each other Subsidiary that is or becomes a party to this Agreement pursuant to
Section 5.10 and that has not been designated by the Administrative Borrower, in accordance with Section 5.18(b), as an Excluded Subsidiary and in any event, excluding any Foreign Subsidiary. 

“Supermajority Lenders” shall mean Lenders having more than 66 2/3 % of the sum of all Loans outstanding, LC
Exposure and unused Commitments; provided that the Loans, LC Exposure and unused Commitments held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Lenders. 

“Suppressed Availability” shall mean as of any date of determination the amount, if any, by which the Borrowing Base on
such date exceeds the aggregate Commitments of all Lenders then outstanding. 

  
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 “Swingline Commitment” shall mean the commitment of the Swingline Lender to
make loans pursuant to Section 2.17, as the same may be reduced from time to time pursuant to Section 2.07 or Section 2.17. As of the A&R Effective Date, the amount of the Swingline Commitment shall be
$100,000,000 but shall in no event exceed the Revolving Commitments. 
 “Swingline Exposure” shall mean at any
time the aggregate principal amount at such time of all outstanding Swingline Loans. The Swingline Exposure of any Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Swingline Exposure at such time. 

“Swingline Lender” shall have the meaning assigned to such term in the preamble hereto. 

“Swingline Loan” shall mean any loan made by the Swingline Lender pursuant to Section 2.17. 

“Tax Return” shall mean all returns, statements, filings, attachments and other documents or certifications required to
be filed in respect of Taxes. 
 “Taxes” shall mean all present or future taxes, levies, imposts, duties,
deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 A “Test Period” at any time shall mean the period of four consecutive fiscal quarters of Borrowers ended on or prior to such time (taken as one accounting period). 

“Threshold Amount” shall mean (as of any date of determination) an amount equal to 12.5% of the lesser of the then
existing Borrowing Base and the then current aggregate Revolving Commitments of the Lenders at such time. 
 “Threshold
Basket Amount” shall mean (as of any date of determination) an amount equal to 17.5% of the lesser of the then existing Borrowing Base and the then current aggregate Revolving Commitments of the Lenders at such time. 

“Title Company” shall mean any title insurance company as shall be retained by Borrowers and reasonably acceptable to
the Administrative Agent. 
 “Title Policy” shall have the meaning assigned to such term in
Section 4.01(o)(iii). 
 “Toledo Acquisition” shall mean the acquisition of Toledo from Sunoco,
Inc. (R&M) pursuant to the terms of the Toledo Acquisition Agreement. 
 “Toledo Acquisition Agreement”
shall mean that certain Asset Sale and Purchase Agreement, dated as of December 2, 2010, by and between Toledo, as the Buyer and Sunoco, Inc. (R&M), as the Seller. 
 “Toledo Acquisition Documents” shall mean the collective reference to the Toledo Acquisition Agreement and each other document entered into in connection with the Toledo Acquisition.

  
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 “Toledo Facility” shall mean Toledo’s petroleum refinery, terminalling
facility and all related assets and properties located in Toledo, Ohio. 
 “Toledo-MSCG Intercreditor Agreement”
shall mean that certain Intercreditor Agreement, dated as of May 31, 2011, by and among MSCG and UBS AG, Stamford Branch, as Revolving Agent and acknowledged by Toledo. 

“Transaction Documents” shall mean the Acquisition Documents and the Loan Documents. 

“Transactions” shall mean, collectively, the transactions to occur on or prior to the A&R Effective Date pursuant to
the Transaction Documents, including (a) the execution, delivery and performance of the Loan Documents and the borrowings hereunder; and (b) the payment of any and all fees, costs and expenses to be paid on or prior to the A&R
Effective Date and owing in connection with the foregoing. 
 “Transferred Guarantor” shall have the meaning
assigned to such term in Section 7.09. 
 “Treasury Services Agreement” shall mean any agreement
relating to treasury, depositary and cash management services or automated clearinghouse transfer of funds. 
 “Trigger
Event” shall mean either (i) an Event of Default has occurred and is continuing or (ii) Excess Availability is less than (A) the Threshold Amount for a period of time greater than five (5) consecutive Business Days or
(B) $35 million at any time; provided that such Trigger Event shall continue until (i) no Event of Default exists and (ii) Excess Availability shall have exceeded the Threshold Amount and $35 million for a period of at least
thirty (30) consecutive days. 
 “Type,” when used in reference to any Loan or Borrowing, refers to
whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBOR Rate or the Alternate Base Rate. 
 “UCC” shall mean the Uniform Commercial Code as in effect from time to time (except as otherwise specified) in any applicable state or jurisdiction. 

“Unasserted Contingent Obligations” means taxes, costs, indemnifications, reimbursements, damages and other claims or
liabilities in respect of which no written assertion of liability or no claim or demand for payment has been made at such time. 

“Unfinanced Capital Expenditures” shall mean, with respect to any Person and for any period, Capital Expenditures made
by such Person during such period and not financed from the proceeds of Indebtedness, Equity Issuances, Casualty Events or Asset Sales or other dispositions of assets. 
 “United States” shall mean the United States of America. 

“USA PATRIOT Act” shall have the meaning set forth in the definition of “Anti-Terrorism Laws.”

  
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 “Voting Stock” shall mean, with respect to any person, any class or classes
of Equity Interests pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the Board of Directors of such person. 

“Wholly Owned Subsidiary” shall mean, as to any person, (a) any corporation 100% of whose capital stock (other than
directors’ qualifying shares) is at the time owned by such person and/or one or more Wholly Owned Subsidiaries of such person and (b) any partnership, association, joint venture, limited liability company or other entity in which such
person and/or one or more Wholly Owned Subsidiaries of such person have a 100% equity interest at such time. 

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from
such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02
Classification of Loans and Borrowings. 
 For purposes of this Agreement, Loans may be classified and referred to by
Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may be classified and referred to by Class
(e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving Borrowing”). 

SECTION 1.03 Terms Generally. 
 The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine
and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and
effect as the word “shall.” Unless the context requires otherwise (a) any definition of or reference to any Loan Document, agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or
other document as from time to time amended, supplemented or otherwise modified or in effect (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any person shall be
construed to include such person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not
to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any
law or regulation herein shall refer to such law or regulation as amended, modified or supplemented from time to time, and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to
refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

SECTION 1.04 Accounting Terms; GAAP. 
 Except as otherwise expressly provided herein, all financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and

  
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all terms of an accounting or financial nature shall be construed and interpreted in accordance with GAAP, as in effect on the date hereof unless otherwise agreed to by Borrowers and the Required
Lenders. Lenders and Administrative Agent acknowledge and agree that Borrowers may, at their sole option and in their sole discretion, switch from a GAAP method of accounting to a method of accounting based on the Internal Financial Reporting
Standards (“IFRS”) as promulgated from time to time by the International Accounting Standards Board (the “IASB”). From and after the date the Borrowers adopt IFRS, references herein and in any other Loan Document
shall mean and refer to IFRS. If at any time any such change from GAAP to IFRS would affect the computation of any financial covenant or other covenant set forth in any Loan Document, and the Administrative Borrower shall so request, the
Administrative Agent and the Administrative Borrower shall negotiate in good faith to amend any such financial covenant or other such covenant or requirement to preserve the original intent thereof in light of such change in accounting principles;
provided, that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change. Notwithstanding any other provision of this Agreement to the contrary, for all purposes during the
term of this Agreement and any other Loan Document, each lease that pursuant to GAAP as in effect on the Closing Date would be classified as a capital lease or an operating lease will continue to be so classified, notwithstanding any change in
characterization of that lease subsequent to the Closing Date based on changes to GAAP or interpretation of GAAP. 
 SECTION
1.05 Resolution of Drafting Ambiguities. 
 Each party hereto acknowledges and agrees that it was represented by
counsel in connection with the execution and delivery of the Loan Documents to which it is a party, that it and its counsel reviewed and participated in the preparation and negotiation hereof and thereof and that any rule of construction to the
effect that ambiguities are to be resolved against any party shall not be employed in the interpretation hereof or thereof. 

ARTICLE II 

THE CREDITS 
 SECTION 2.01 Commitments. 
 Subject to the terms and conditions and
relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly to make Revolving Loans to Borrowers, at any time and from time to time on or after the commencement of the Revolving Availability Period
until the earlier of the Revolving Maturity Date and the termination of the Revolving Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s
Revolving Exposure exceeding such Lender’s Revolving Commitment and provided that after making a Revolving Loan, the sum of the total Revolving Exposures shall not exceed the lesser of (A) the total Revolving Commitments and (B) the
Borrowing Base then in effect. 
 Within the limits set forth above and subject to the terms, conditions and limitations set
forth herein, Borrowers may borrow, pay or prepay and reborrow Revolving Loans from time to time. 
 SECTION 2.02
Loans. 
 (a) Each Loan (other than Swingline Loans) shall be made as part of a Borrowing consisting of Loans made by
the Lenders ratably in accordance with their applicable Commitments; provided 

  
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that the failure of any Lender to make its Loan shall not relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the
failure of any other Lender to make any Loan required to be made by such other Lender). Except for Loans deemed made pursuant to Section 2.18(e)(i) and (ii), (x) ABR Loans comprising any Borrowing shall be in an aggregate principal
amount that is (i) an integral multiple of $1.0 million and not less than $5.0 million or (ii) equal to the remaining available balance of the applicable Commitments and (y) the Eurodollar Loans comprising any Borrowing shall be in an
aggregate principal amount that is (i) an integral multiple of $1.0 million and not less than $5.0 million or (ii) equal to the remaining available balance of the applicable Commitments. 

(b) Subject to Sections 2.11 and 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as
Administrative Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any
exercise of such option shall not affect the obligation of Borrowers to repay such Loan in accordance with the terms of this Agreement. Borrowings of more than one Type may be outstanding at the same time; provided that Administrative
Borrower shall not be entitled to request any Borrowing that, if made, would result in more than eight Eurodollar Borrowings outstanding hereunder at any one time. For purposes of the foregoing, Borrowings having different Interest Periods,
regardless of whether they commence on the same date, shall be considered separate Borrowings. 
 (c) Except with respect to
Loans deemed made pursuant to Section 2.18(e)(ii), each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to such account in New York City as the
Administrative Agent may designate not later than 12:00 (noon), New York City time, and the Administrative Agent shall promptly credit the amounts so received to an account as directed by Administrative Borrower in the applicable Borrowing Request
maintained with the Administrative Agent or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. 

(d) Unless the Administrative Agent shall have received notice from a Lender prior to the date (in the case of any Eurodollar Borrowing),
and at least 2 hours prior to the time (in the case of any ABR Borrowing), of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that
such Lender has made such portion available to the Administrative Agent at the time of such Borrowing in accordance with paragraph (c) above, and the Administrative Agent may, in reliance upon such assumption, make available to Borrowers on
such date a corresponding amount. If the Administrative Agent shall have so made funds available, then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, each such Lender and the Borrowers
severally agrees to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to Borrowers until the date such amount is repaid to the
Administrative Agent at (i) in the case of Borrowers, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as
part of such Borrowing for purposes of this Agreement, and Borrowers’ obligation to repay the Administrative Agent such corresponding amount pursuant to this Section 2.02(d) shall cease and be discharged thereby. 

  
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 (e) Notwithstanding any other provision of this Agreement, Borrowers shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity Date. 
 (f) The Administrative Agent shall not, without the prior consent of Required Lenders, make (and shall prohibit the Issuing Bank and Swingline Lender, as applicable, from making) any Revolving Loans or
provide any Letters of Credit to the Borrowers intentionally and with actual knowledge that such Revolving Loans, Swingline Loans, or Letters of Credit would be made when one or more of the conditions precedent to the making of the Loans hereunder
cannot be satisfied except, that, the Administrative Agent may make (or cause to be made) such additional Revolving Loans or Swingline Loans or provide such additional Letters of Credit on behalf of the Lenders (each an
“Overadvance” and collectively, the “Overadvances”), intentionally and with actual knowledge that such Loans or Letters of Credit will be made without the satisfaction of the foregoing conditions precedent, if the
Administrative Agent deems it necessary or advisable in its discretion to do so, provided, that: (A) the total principal amount of the Overadvances to the Borrowers which the Administrative Agent may make or provide (or cause to be made or
provided) after obtaining such actual knowledge that the conditions precedent have not been satisfied, shall not exceed, $25,000,000 at any time and shall not cause the aggregate Revolving Exposures to exceed the Revolving Commitments of all of the
Lenders or the Revolving Exposure of a Lender to exceed such Lender’s Revolving Commitment, (B) without the consent of the Required Lenders, no Overadvance shall be outstanding for more than sixty (60) days and (C) Administrative
Agent shall be entitled to recover such funds, on demand from the Borrowers together with interest thereon for each day from the date such payment was due until the date such amount is paid to Administrative Agent at the interest rate provided for
in Section 2.06(c); provided further that upon written notice by the Required Lenders, no further Overadvances shall be made. Each Lender shall be obligated to pay Administrative Agent the amount of its Pro Rata Percentage of any
such Overadvance. 
 SECTION 2.03 Borrowing Procedure. 

To request Loans, Administrative Borrower shall deliver, by hand delivery, telecopier or email attachment, a duly completed and executed
Borrowing Request to the Administrative Agent (i) in the case of Eurodollar Loans in dollars, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (ii) in the case of ABR Loans,
not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each Borrowing Request shall be irrevocable and shall specify the following information in compliance with Section 2.02: 

(a) the aggregate amount of such borrowing; 

(b) the date of such borrowing, which shall be a Business Day; 

(c) whether such borrowing is to be for ABR Loans or Eurodollar Loans; 

(d) in the case of Eurodollar Loans, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; (e) the location and number of Borrowers’ account to which funds are to be disbursed, which shall comply with the requirements of Section 2.02(c); and

  
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 (f) that the conditions set forth in Sections 4.03(b)-(e) have
been satisfied as of the date of the notice. 
 If no election as to the Type of Loans is specified, then the requested borrowing shall be for
ABR Loans. If no Interest Period is specified with respect to any requested Eurodollar Loan, then Borrowers shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in
accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Each Borrower hereby irrevocably appoints and constitutes Holdings, in its capacity as Administrative Borrower, as its agent to request and receive Loans
and Letters of Credit pursuant to this Agreement in the name or on behalf of such Borrower. The Administrative Agent and Lenders may disburse the Loans to such bank account of Administrative Borrower or a Borrower or otherwise make such Loans to a
Borrower and provide such Letters of Credit to a Borrower as Administrative Borrower may designate or direct, without notice to any other Borrower or Loan Party. Administrative Borrower hereby accepts the appointment by Borrowers to act as the agent
of Borrowers and agrees to ensure that the disbursement of any Loans to a Borrower requested by or paid to or for the account of such Borrower, or the issuance of any Letter of Credit for a Borrower hereunder, shall be paid to or for the account of
such Borrower. Each Borrower hereby irrevocably appoints and constitutes Administrative Borrower as its agent to receive statements on account and all other notices from the Agents and Lenders with respect to the Obligations or otherwise under or in
connection with this Agreement and the other Loan Documents. Any notice, election, representation, warranty, agreement or undertaking by or on behalf of any other Borrower by Administrative Borrower shall be deemed for all purposes to have been made
by such Borrower, as the case may be, and shall be binding upon and enforceable against such Borrower to the same extent as if made directly by such Borrower. No termination of the appointment of Administrative Borrower as agent as aforesaid shall
be effective, except after ten (10) days’ prior written notice to Administrative Agent. 
 SECTION 2.04 Evidence
of Debt; Repayment of Loans. 
 (a) Promise to Repay. Borrowers hereby unconditionally promise to pay (i) to
the Administrative Agent for the account of each Revolving Lender, the then unpaid principal amount of each Revolving Loan of such Revolving Lender on the Revolving Maturity Date and (ii) to the Swingline Lender, the then unpaid principal
amount of each Swingline Loan on the earlier of the Revolving Maturity Date and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two Business Days after such Swingline Loan is made;
provided that on each date that a Revolving Borrowing is made, Borrowers shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested. 
 (b) Lender and Administrative Agent Records. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of Borrowers to such Lender
resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain records including
(i) the amount of each Loan made hereunder, the Type and Class thereof and the Interest Period applicable thereto; (ii) the amount of any principal or interest due and payable or to become due and payable from Borrowers to each Lender
hereunder; and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and 

  
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each Lender’s share thereof. The entries made in the records maintained by the Administrative Agent and each Lender pursuant to this paragraph shall be prima facie evidence of the
existence and amounts of the obligations therein recorded; provided that the failure of any Lender or the Administrative Agent to maintain such records or any error therein shall not in any manner affect the obligations of Borrowers to repay
the Loans in accordance with their terms. In the event of any conflict between the records maintained by any Lender and the records of the Administrative Agent in respect of such matters, the records of the Administrative Agent shall be prima facie
evidence of the information therein in the absence of manifest error. 
 (c) Promissory Notes. Any Lender by written
notice to Administrative Borrower (with a copy to the Administrative Agent) may request that Loans of any Class made by it be evidenced by a promissory note. In such event, Borrowers shall prepare, execute and deliver to such Lender a promissory
note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in the form of Exhibit K-1, or K-2, as the case may be. Thereafter, the Loans evidenced by such promissory note and
interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a
registered note, to such payee and its registered assigns). 
 SECTION 2.05 Fees. 

(a) Commitment Fee. Borrowers agree to pay to the Administrative Agent for the account of each Lender a commitment fee (a
“Commitment Fee”) equal to the Applicable Fee per annum on the average daily unused amount of each Commitment of such Lender during the period from and including the date hereof to but excluding the date on which such Commitment
terminates. Accrued Commitment Fees shall be payable in arrears (A) on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the date hereof, and (B) on the date on
which such Commitment terminates. Commitment Fees shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For
purposes of computing Commitment Fees with respect to Revolving Commitments, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of
such Lender shall be disregarded for such purpose). 
 (b) Administrative Agent Fees and Other Fees. Borrowers agree to
pay (i) to the Administrative Agent, for its own account, the administrative fees payable in the amounts and at the times separately agreed upon between Borrowers and the Administrative Agent (the “Administrative Agent Fees”)
and (ii) any other fees otherwise payable under the Fee Letter in the amounts, at the times and in the manner separately agreed to therein. 
 (c) LC and Fronting Fees. Borrowers agree to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”) with
respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time used to determine the interest rate on Eurodollar Revolving Loans pursuant to Section 2.06 on the average
daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to Reimbursement Obligations) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s
Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to the Issuing Bank a fronting fee (“Fronting Fee”), which 

  
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shall accrue at the rate of 0.125% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to Reimbursement Obligations) during the period from
and including the Closing Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank’s customary fees with respect to the
issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Accrued LC Participation Fees and Fronting Fees shall be payable in arrears (i) on the last Business Day of March, June, September and
December of each year, commencing on the first such date to occur after the Closing Date, and (ii) on the date on which the Revolving Commitments terminate. Any such fees accruing after the date on which the Revolving Commitments terminate
shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand therefor. All LC Participation Fees and Fronting Fees shall be computed on the basis of a year of 365 days
(or 366 days in a leap year) and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (d) Closing Fees. Borrowers agree to pay to the Administrative Agent, for the account of the Lenders having a Commitment on the A&R Effective Date: (i) for each Lender which has a
Commitment under the Existing Revolving Credit Agreement immediately prior to the closing of this Agreement and which continues to be a Lender upon the closing of this Agreement, and has affirmatively voted all of its Loans and interests as a Lender
in effect immediately prior to the A&R Effective Date to consummate the Transactions occurring on the A&R Effective Date, a non-refundable closing fee equal to 0.25% of the amount of such Lender’s Commitment as of immediately prior to
the A&R Effective Date, which remains in effect on the A&R Effective Date; and (ii) for each Lender which has a new or increased Commitment under this Agreement at the time of the closing of this Agreement, a non-refundable closing fee
equal to 0.75% of the amount of (x) if such Lender is a new Lender under this Agreement without any prior existing Commitment, the amount of such Lender’s new Commitment as in effect on the A&R Effective Date and (y) if such
Lender is a continuing Lender which has increased its Commitment as part of the closing of this Agreement, of the aggregate amount by which (A) the total Commitment of such Lender in effect under this Agreement on the A&R Effective Date
exceeds (B) the Commitment of such Lender as in effect immediately prior to the A&R Effective Date. 
 (e) All Fees
shall be paid on the dates due, in immediately available funds in dollars, to the Administrative Agent for distribution, if and as appropriate, among the Lenders, except that Borrowers shall pay the Fronting Fees directly to the Issuing Bank and
Borrowers shall pay any other fees payable under the Fee Letter at the times and in the manner separately agreed to therein. Once paid, none of the Fees shall be refundable under any circumstances. 

SECTION 2.06 Interest on Loans. 
 (a) ABR Loans. Subject to the provisions of Section 2.06(c), the Loans comprising each ABR Borrowing, including each Swingline Loan, shall bear interest at a rate per annum equal to the
Alternate Base Rate plus the Applicable Margin in effect from time to time. 
 (b) Eurodollar Loans. Subject to the
provisions of Section 2.06(c), the Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in
effect from time to time. 

  
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 (c) Default Rate. Notwithstanding the foregoing, if there is an Event of Default or
if any principal of or interest on any Loan or any fee or other amount payable by Borrowers hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, any such amount of principal of or interest on any Loan or any
fee or other amount payable by Borrowers hereunder that is past due shall, to the extent permitted by applicable law, bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue amounts constituting
principal on any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section 2.06 or (ii) in the case of any other outstanding and overdue amount, 2% plus the rate
applicable to ABR Revolving Loans as provided in Section 2.06(a) (in either case, the “Default Rate”). 
 (d) Interest Payment Dates. Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan; provided that (i) interest accrued pursuant to
Section 2.06(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan or a Swingline Loan without a permanent reduction in Revolving Commitments),
accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor,
accrued interest on such Loan shall be payable on the effective date of such conversion. 
 (e) Interest Calculation. All
interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall
be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with the provisions of
this Agreement and such determination shall be prima facie evidence thereof absent manifest error. 
 SECTION 2.07
Termination and Reduction of Commitments. 
 (a) Termination of Commitments. The Revolving Commitments, the
Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date. 
 (b) Optional
Terminations and Reductions. At their option, Borrowers may at any time terminate, or from time to time permanently reduce, the Commitments of any Class; provided that (i) each reduction of the Commitments of any Class shall be in an
amount that is an integral multiple of $1.0 million and not less than $2.0 million and (ii) the Revolving Commitments shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance
with Section 2.10, the aggregate amount of Revolving Exposures would exceed the aggregate amount of Revolving Commitments. 
 (c) Borrower Notice. Administrative Borrower shall notify the Administrative Agent in writing of any election to terminate or reduce the Commitments under Section 2.07(b) at least three
Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof.
Each notice delivered by Administrative Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by Administrative Borrower may state that such notice is conditioned upon the
effectiveness of another credit facility or the closing of a securities offering or other transaction which will result in the repayment of 

  
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the Obligations in full in cash (other than Unasserted Contingent Obligations) and the termination of all of the Commitments, in which case such notice may be revoked by Administrative Borrower
(by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class
shall be made ratably among the Lenders in accordance with their respective Commitments of such Class. 
 SECTION 2.08
Interest Elections. 
 (a) Generally. Each Revolving Borrowing initially shall be of the Type specified in the
applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, Borrowers may elect to convert such Borrowing to a different Type or to continue such
Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. Borrowers may elect different options with respect to different portions of the affected Borrowing, in which case each such
portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding anything to the contrary, Borrowers shall not be
entitled to request any conversion or continuation that, if made, would result in more than eight Eurodollar Borrowings outstanding hereunder at any one time. This Section shall not apply to Swingline Borrowings, which may not be converted or
continued. 
 (b) Interest Election Notice. To make an election pursuant to this Section, Administrative Borrower shall
deliver, by hand delivery, telecopier or email attachment, a duly completed and executed Interest Election Request to the Administrative Agent not later than the time that a Borrowing Request would be required under Section 2.03 if
Borrowers were requesting Loans of the Type resulting from such election to be made on the effective date of such election. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information
in compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies
and, if different options are being elected with respect to different portions thereof, or if outstanding Borrowings are being combined, allocation to each resulting Borrowing (in which case the information to be specified pursuant to clauses
(iii) and (iv) below shall be specified for each resulting Borrowing); 
 (ii) the effective date
of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving
effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If
any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then Borrowers shall be deemed to have selected an Interest Period of one month’s duration. 

  
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 Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (c) Automatic
Conversion to ABR Borrowing. If an Interest Election Request with respect to a Eurodollar Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at
the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, the Administrative Agent or the Required Lenders may
require, by notice to Administrative Borrower, that (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end
of the Interest Period applicable thereto. 
 SECTION 2.09 [Intentionally Omitted]. 

SECTION 2.10 Optional and Mandatory Prepayments of Loans. 

(a) Optional Prepayments. Borrowers shall have the right at any time and from time to time to prepay any Borrowing, in whole or in
part, subject to the requirements of Section 2.10 and Section 2.13; provided that each partial prepayment shall be in an amount that is an integral multiple of $250,000 and not less than $1.0 million or, if less, the
outstanding principal amount of such Borrowing. 
 (b) Revolving Loan Prepayments. 

(i) In the event of the termination of all the Revolving Commitments, Borrowers shall, on the date of such termination,
repay or prepay all their outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in
Section 2.18(i). 
 (ii) In the event of any partial reduction of the Revolving Commitments, then
(x) at or prior to the effective date of such reduction, the Administrative Agent shall notify Borrowers and the Revolving Lenders of the sum of the Revolving Exposures after giving effect thereto and (y) if the sum of the Revolving
Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then Borrowers shall, on the date of such reduction, first, repay or prepay Swingline Loans, second, repay or prepay Revolving
Borrowings and third, replace outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such
excess. 
 (iii) In the event that the sum of all Lenders’ Revolving Exposures exceeds either (A) the
Borrowing Base then in effect or (B) the Revolving Commitments then in effect, Borrowers shall, without notice or demand, promptly first, repay or prepay Swingline Loans, second, repay or prepay Revolving Borrowings, and
third, cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. 

(iv) In the event that the aggregate LC Exposure exceeds the LC Commitment then in effect, Borrowers shall, without notice
or demand, promptly replace outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess.

  
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 (v) In the event that the aggregate Swingline Exposure exceeds the Swingline
Commitment then in effect Borrowers shall, without notice or demand, promptly repay or prepay Swingline Loans in an aggregate amount sufficient to eliminate such excess. 
 (c) Asset Sales. Subject to the terms and conditions of the applicable Intercreditor Agreement, not later than five Business Days following the receipt of any Net Cash Proceeds of any Asset Sale of
Revolving Credit Priority Collateral by Holdings or any of its Subsidiaries, Borrowers shall make prepayments in accordance with Section 2.10(e) in an aggregate amount equal to the lesser of (i) the then outstanding Loans and
(ii) 100% of such Net Cash Proceeds. 
 (d) Casualty Events. Subject to the terms and conditions of the applicable
Intercreditor Agreement, not later than five Business Days following the receipt of any Net Cash Proceeds from a Casualty Event involving Revolving Credit Priority Collateral (other than Certain Hydrocarbon Assets and Intermediate Products subject
to a Lien in favor of MSCG or Statoil), by Holdings or any of its Subsidiaries, Borrowers shall make prepayments in accordance with Section 2.10(e) in an aggregate amount equal to the lesser of (i) the then outstanding Loans and
(ii) 100% of such Net Cash Proceeds. 
 (e) Application of Prepayments. Prior to any optional or mandatory
prepayment hereunder, Borrowers shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to Section 2.10(f), subject to the provisions of this Section 2.10
(e). Subject to Section 8.02, and so long as no Default shall then exist and be continuing, all mandatory prepayments shall be applied as follows: first, to the Swingline Loans until the same has been reduced to zero (0);
second, to the Revolving Loans until the same has been reduced to zero (0); and third, to cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i). Such mandatory
prepayments of the Swingline Loans and Revolving Loans shall not cause a corresponding reduction in the Swingline Commitment or Revolving Commitments. 
 Amounts to be applied pursuant to this Section 2.10 to the prepayment of Revolving Loans shall be applied, as applicable, first to reduce outstanding ABR Revolving Loans. Any amounts remaining
after each such application shall be applied to prepay Eurodollar Revolving Loans. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this Section 2.10 shall be in excess of the amount of the ABR Loans
at the time outstanding (an “Excess Amount”), only the portion of the amount of such prepayment as is equal to the amount of such outstanding ABR Loans shall be immediately prepaid and, at the election of Borrowers, the Excess
Amount shall be either (A) deposited in an escrow account on terms satisfactory to the Administrative Agent and applied to the prepayment of Eurodollar Loans on the last day of the then next-expiring Interest Period for Eurodollar Loans;
provided that (i) interest in respect of such Excess Amount shall continue to accrue thereon at the rate provided hereunder for the Loans which such Excess Amount is intended to repay until such Excess Amount shall have been used in full
to repay such Loans and (ii) at any time while a Default has occurred and is continuing, the Administrative Agent may, and upon written direction from the Required Lenders shall, apply any or all proceeds then on deposit to the payment of such
Loans in an amount equal to such Excess Amount or (B) prepaid immediately, together with any amounts owing to the Lenders under Section 2.13. 
 (f) Notice of Prepayment. Administrative Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by written notice of

  
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any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment,
(ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment and (iii) in the case of prepayment of a Swingline Loan, not later than 2:00 p.m., New York
City time, on the date of prepayment. Each such notice shall be irrevocable; provided that a notice of prepayment delivered by Administrative Borrower may state that such notice is conditioned upon the effectiveness of another credit facility
or the closing of a securities offering, in which case such notice may be revoked by Administrative Borrower (by notice to the Administrative Agent on or prior to the specified payment date) if such condition is not satisfied. Each such notice shall
specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment. Promptly following receipt of any
such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of a
Credit Extension of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid
Borrowing and otherwise in accordance with this Section 2.10. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.06. 

SECTION 2.11 Alternate Rate of Interest. 
 If prior to the commencement of any Interest Period for a Eurodollar Borrowing: 
 (a) the Administrative Agent reasonably determines (which determination shall be prima facie evidence of the facts so determined absent manifest error) that adequate and reasonable means do not exist for
ascertaining the Adjusted LIBOR Rate for such Interest Period; or 
 (b) the Administrative Agent reasonably
determines or is advised in writing by the Required Lenders that the Adjusted LIBOR Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for
such Interest Period; 
 then the Administrative Agent shall give written notice thereof to Borrowers and the Lenders as promptly as practicable
thereafter and, until the Administrative Agent notifies Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Eurodollar Borrowing requested to be made on the first day of such Interest Period
shall be made as a Market Disruption Loan, (ii) any Borrowing that were to have been converted on the first day of such Interest Period to a Eurodollar Borrowing shall be continued as a Market Disruption Loan and (iii) any outstanding
Eurodollar Borrowing shall be converted, on the last day of the then-current Interest Period, to a Market Disruption Loan; in each case, except to the extent the Borrowers in their sole discretion elect to have any such Borrowing to be made as an,
or converted into an, ABR Loan. 
 SECTION 2.12 Yield Protection. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in, by any Lender (except any reserve requirement reflected in the Adjusted LIBOR Rate) or the Issuing Bank; 

  
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 (ii) subject any Lender or the Issuing Bank to any tax of any kind
whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any Loan made by it, or change the basis of taxation of payments to such Lender or the Issuing Bank in respect thereof (except for
Indemnified Taxes or Other Taxes indemnifiable under Section 2.15 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the Issuing Bank); or 

(iii) impose on any Lender or the Issuing Bank or the London interbank market any other condition, cost or expense
affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of
the foregoing shall be to increase the cost to such Lender of making, continuing, converting into or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender, the Issuing Bank
or such Lender’s or the Issuing Bank’s holding company, if any, of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount
of any sum received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest or any other amount), then, upon request of such Lender or the Issuing Bank, Borrowers will pay to such Lender or the Issuing Bank, as the
case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or the Issuing Bank determines (in good faith) that any Change in Law affecting such
Lender or the Issuing Bank or any lending office of such Lender or such Lender’s or the Issuing Bank’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such
Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations
in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company could have achieved but for
such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with respect to capital adequacy), then from time to time
Borrowers will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction
suffered. 
 (c) Certificates for Reimbursement. A certificate of a Lender or the Issuing Bank setting forth the
amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section 2.12 and delivered to Borrowers shall be prima facie
evidence of the facts determined therein absent manifest error. Borrowers shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 15 days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this
Section 2.12 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that Borrowers shall not be required 

  
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to compensate a Lender or the Issuing Bank pursuant to this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the Issuing
Bank, as the case may be, notifies Borrowers of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor (except that, if the Change in Law
giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 

SECTION 2.13 Breakage Payments. 
 In the event of (a) the payment or prepayment, whether optional or mandatory, of any principal of any Eurodollar Loan earlier than the last day of an Interest Period applicable thereto (including as
a result of an Event of Default), (b) the conversion of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Euro-dollar Loan on the date
specified in any notice delivered pursuant hereto or (d) the assignment of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto as a result of a request by Administrative Borrower pursuant to
Section 2.16(b), then, in any such event, Borrowers shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to
include an amount reasonably equal to the actual loss or expense arising from the liquidation or reemployment of funds obtained by such Lender to maintain such Loss. A certificate of any Lender setting forth in reasonable detail any amount or
amounts that such Lender is entitled to receive pursuant to this Section 2.13 shall be delivered to Borrowers (with a copy to the Administrative Agent) and shall be prima facie evidence of the facts determined therein absent manifest
error. Borrowers shall pay such Lender the amount shown as due on any such certificate within 5 days after receipt thereof. 

SECTION 2.14 Payments Generally; Pro Rata Treatment; Sharing of Setoffs. 

(a) Payments Generally. Borrowers shall make each payment required to be made by them hereunder or under any other Loan Document
(whether of principal, interest, fees or Reimbursement Obligations, or of amounts payable under Section 2.12, 2.13, 2.15 or 10.03, or otherwise) on or before the time expressly required hereunder or under such other
Loan Document for such payment (or, if no such time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available funds, without setoff, deduction or counterclaim. Any amounts received after such time
on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its
offices at Stamford, Connecticut, except payments to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.12, 2.13, 2.15 and 10.03 shall be
made directly to the persons entitled thereto and payments pursuant to other Loan Documents shall be made to the persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other
person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, unless specified otherwise, the date for payment shall be extended to the next
succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments under each Loan Document shall be made in dollars, except as expressly specified otherwise.

  
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 (b) Pro Rata Treatment. 

(i) Each payment by Borrowers of interest in respect of the Loans shall be applied to the amounts of such obligations
owing to the Lenders pro rata according to the respective amounts then due and owing to the Lenders. 

(ii) Each payment on account of principal of the Revolving Borrowings shall be made pro rata according to the
respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders, except as expressly provided in Section 2.20(d). 
 (c) Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, Reimbursement Obligations, interest and
fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such
parties, and (ii) second, toward payment of principal and Reimbursement Obligations then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and Reimbursement Obligations then due to such
parties. It is understood that the foregoing does not apply to any adequate protection payments under any federal, state or foreign bankruptcy, insolvency, receivership or similar proceeding, and that the Administrative Agent may, subject to any
applicable federal, state or foreign bankruptcy, insolvency, receivership or similar orders, distribute any adequate protection payments it receives on behalf of the Lenders to the Lenders in its sole discretion (i.e., whether to pay the
earliest accrued interest, all accrued interest on a pro rata basis or otherwise). 
 (d) Sharing of Set-Off. If any
Lender (and/or the Issuing Bank, which shall be deemed a “Lender” for purposes of this Section 2.14(d)) shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of its Loans or other Obligations resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other Obligations greater than its pro rata share thereof
as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and such other obligations of the other
Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and
other amounts owing them, provided that: 
 (i) if any such participations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this paragraph shall not be construed to apply to (x) any payment made by Borrowers
pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any
assignee or participant, other than to Holdings or any Subsidiary thereof (as to which the provisions of this paragraph shall apply). 
 Each
Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable Requirements of Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party
rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation. If under applicable bankruptcy, insolvency or any similar law any Secured
Party receives a secured 

  
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claim in lieu of a setoff or counterclaim to which this Section 2.14(d) applies, such Secured Party shall to the extent practicable, exercise its rights in respect of such secured
claim in a manner consistent with the rights to which the Secured Party is entitled under this Section 2.14(d) to share in the benefits of the recovery of such secured claim. 

(e) Borrower Default. Unless the Administrative Agent shall have received notice from Administrative Borrower prior to the date on
which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that Borrowers will not make such payment, the Administrative Agent may assume that Borrowers have made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if Borrowers have not in fact made such payment, then each of the Lenders or the Issuing
Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Bank with interest thereon, for each day from and including the date such amount is
distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 SECTION 2.15 Taxes. 
 (a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Loan Parties hereunder or under any other Loan Document shall be made free and clear of and without
reduction or withholding for any Indemnified Taxes or Other Taxes; provided that if the applicable withholding agent shall be required by applicable Requirements of Law (as determined in the good faith discretion of the applicable withholding
agent) to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased by the Loan Parties as necessary so that after all required deductions have been made (including deductions
applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the applicable withholding agent
shall make such deductions and (iii) the applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law. 

(b) Payment of Other Taxes by Borrowers. Without limiting the provisions of paragraph (a) above, Borrowers shall timely pay
any Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements of Law. 
 (c)
Indemnification by Borrowers. Without duplication of amounts paid by the Borrowers pursuant to Section 2.15(a), Borrowers shall indemnify the Administrative Agent and each Lender, within 10 days after demand therefor, for the full
amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) payable by the Administrative Agent or such Lender, as the case may be, and any
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to Borrowers by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, setting forth in reasonable detail the basis for the calculations of such payment
or liability and including reasonable supporting evidence shall be prima facie evidence thereof absent manifest error. 

  
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 (d) Evidence of Payments. As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by Borrowers to a Governmental Authority, Administrative Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of
the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e) Status of Lenders. On or prior to the date on which such Foreign Lender becomes a Lender under this Agreement, including
by assignment, any Foreign Lender that is entitled to an exemption from or reduction of any withholding tax with respect to any payments hereunder or under any other Loan Document shall, to the extent it may lawfully do so, deliver to Administrative
Borrower and to the Administrative Agent, at the time or times reasonably requested by Administrative Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Requirements of Law as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by Administrative Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
Requirements of Law or reasonably requested by Administrative Borrower or the Administrative Agent as will enable Administrative Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. Notwithstanding anything to the contrary in the above two sentences, in the case of any taxes that are not U.S. federal withholding taxes, the completion, execution and submission of non-U.S. federal forms shall
not be required if in the Lender’s judgment such completion, execution or submission would subject such Lender to any unreimbursed cost or expense or would be disadvantageous to such Lender in any material respect. 

Without limiting the generality of the foregoing, in the event that any Borrower is resident for tax purposes in the United States of America, any
Foreign Lender shall, to the extent it may lawfully do so, deliver to Administrative Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Agreement including by assignment (and from time to time thereafter upon the request of Administrative Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the
following is applicable: 
 (i) duly completed copies of Internal Revenue Service Form W-8BEN (or any successor
forms) claiming eligibility for benefits of an income tax treaty to which the United States of America is a party, 
 (ii) duly completed copies of Internal Revenue Service Form W-8ECI (or any successor forms), 
 (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, in substantially the form of
Exhibit Q, or any other form approved by the Administrative Agent, to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of a Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and that no payments in connection with the
Loan Documents are effectively connected with such Foreign Lender’s conduct of a U.S. trade or business and (y) duly completed copies of Internal Revenue Service Form W-8BEN (or any successor forms), 

  
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 (iv) to the extent a Foreign Lender is not the beneficial owner (for
example, where the Foreign Lender is a partnership or participating Lender granting a typical participation), duly completed copies of Internal Revenue Service Form W-8IMY (or any successor forms), accompanied by a Form W-8ECI, W-8BEN, a certificate
in substantially the form of Exhibit Q, Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that, if the Foreign Lender is a partnership (and not a participating Lender) and one or more
beneficial owners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a certificate, in substantially the form of Exhibit Q, on behalf of such beneficial owner(s), 

(v) if a payment made to a Lender hereunder or pursuant to any Notes would be subject to U.S. federal withholding tax
imposed by FATCA if such Lender fails to comply with the applicable reporting requirements of FATCA (including those contained in section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to Administrative Agent and
Administrative Borrower (A) a certification signed by the chief financial officer, principal accounting officer, treasurer or controller and (B) other documentation reasonably requested by the Administrative Agent and Administrative
Borrower sufficient for Administrative Agent and Administrative Borrower to comply with their obligations under FATCA and to determine that such Lender has complied with such applicable reporting requirements, or 

(vi) any other form prescribed by applicable Requirements of Law as a basis for claiming exemption from or a
reduction in United States federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable Requirements of Law to permit Borrowers and the Administrative Agent to determine the withholding or
deduction required to be made. 
 Each Foreign Lender shall, from time to time after the initial delivery by such Foreign Lender
of the forms described above, whenever a lapse in time or change in such Foreign Lender’s circumstances renders such forms, certificates or other evidence so delivered obsolete or inaccurate, promptly (1) deliver to the Administrative
Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) renewals, amendments or additional or successor forms, properly completed and duly executed by such Foreign Lender, together with any other
certificate or statement of exemption required in order to confirm or establish such Foreign Lender’s status or that such Foreign Lender is entitled to an exemption from or reduction in U.S. federal withholding tax or (2) notify
Administrative Agent and Borrowers of its inability to deliver any such forms, certificates or other evidence. 
 Any Lender
that is not a Foreign Lender shall deliver to Administrative Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter as prescribed by applicable law
or upon the request of Administrative Borrower or the Administrative Agent), duly executed and properly completed copies of Internal Revenue Service Form W-9 certifying that it is not subject to backup withholding. 

(f) Treatment of Certain Refunds. If the Administrative Agent or a Lender determines, in its sole discretion, that it has received
a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by a Loan Party or with respect to which a Loan Party has paid additional amounts pursuant to this Section, it shall pay to the applicable Loan Party an amount
equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of

  
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all out-of-pocket expenses of the Administrative Agent or such Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund); provided that such Loan Party, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to such Loan Party (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) to the Administrative Agent or such Lender or in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to Borrowers or any other person. Notwithstanding anything to the contrary, in no event will the
Administrative Agent or any Lender be required to pay any amount to a Loan Party the payment of which would place the Administrative Agent or such Lender in a less favorable net after-tax position than the Administrative Agent or such Lender would
have been in if the Indemnified Taxes or Other Taxes giving rise to such refund had never been imposed in the first instance. 

(g) Payments. For purposes of this Section 2.15, (i) any payments by the Administrative Agent to a Lender of any
amounts received by the Administrative Agent from Borrowers on behalf of such Lender shall be treated as a payment from Borrowers to such Lender and (ii) if a Lender is treated as a partnership by a jurisdiction imposing an Indemnified Tax, any
withholding or payment of such Indemnified Tax by the Lender in respect of any of such Lender’s partners shall be considered a withholding or payment of such Indemnified Tax by the Borrowers. 

(h) Issuing Bank. For all purposes of this Section 2.15, the term Lender shall include the Issuing Bank. 

SECTION 2.16 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 2.12, or requires
Borrowers to indemnify or pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.15, then such Lender shall use reasonable efforts to designate a different lending office
for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Section 2.12 or 2.15, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender.
Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. A certificate setting forth such costs and expenses submitted by such Lender to Administrative Borrower,
setting forth in reasonable detail the basis for the calculations of such costs and expenses and including reasonable supporting evidence, shall be prima facie evidence thereof absent manifest error. 

(b) Replacement of Lenders. If any Lender requests compensation under Section 2.12, or if Borrowers are required to
indemnify or pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.15, or if any Lender is a Defaulting Lender, or if Borrowers exercise their replacement rights under
Section 10.02(d), then Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 10.04), all of its interests, rights and obligations under this Agreement and the other Loan Documents to an Eligible Assignee that shall assume such obligations (which
assignee may be another Lender, if a Lender accepts such assignment); provided that: 
 (i) Borrowers
shall have paid (or shall have caused to be paid) to the Administrative Agent the processing and recordation fee specified in Section 10.04(b); 

  
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 (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 2.13) (other than indemnities and other Contingent Obligations not then due and payable), assuming for this purpose (in the case of a Lender being replaced pursuant to Section 2.12, 2.15 or 10.02(d))
that the Loans of such Lender were being prepaid) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrowers (in the case of all other amounts) 

(iii) in the case of any such assignment resulting from a claim for compensation under Section 2.12 or
payments required to be made pursuant to Section 2.15, such assignment will result in a reduction in such compensation or payments thereafter; and 
 (iv) such assignment does not conflict with applicable Requirements of Law. 
 A Lender shall not
be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Borrowers to require such assignment and delegation cease to apply. 

Each Lender agrees that, if Borrowers elect to replace such Lender in accordance with this Section 2.16(b), they shall
promptly execute and deliver to the Administrative Agent an Assignment and Assumption to evidence the assignment and shall deliver to the Administrative Agent any Note (if Notes have been issued in respect of such Lender’s Loans) subject to
such Assignment and Assumption; provided that the failure of any such Lender to execute an Assignment and Assumption shall not render such assignment invalid and such assignment shall be recorded in the Register. 

SECTION 2.17 Swingline Loans. 
 (a) Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.17 and in its discretion, to make Swingline Loans to Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate
principal amount of outstanding Swingline Loans exceeding the Swingline Commitment or (ii) the sum of the total Revolving Exposures exceeding the lesser of (A) the total Revolving Commitments and (B) the Borrowing Base;
provided that the Borrowers shall not use the proceeds of any Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrowers may borrow, repay and
reborrow Swingline Loans. 
 (b) Swingline Loans. To request a Swingline Loan, Administrative Borrower shall deliver, by
hand delivery, telecopier or email attachment, a duly completed and executed Borrowing Request to the Administrative Agent and the Swingline Lender, not later than 1:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such
notice shall be irrevocable and shall specify 

  
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the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. Each Swingline Loan shall be an ABR Loan. The Swingline Lender shall make each Swingline Loan
available to Borrowers to an account as directed by Administrative Borrower in the applicable Borrowing Request maintained with the Administrative Agent (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as
provided in Section 2.18(e), by remittance to the Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. Administrative Borrower shall not request a Swingline Loan if at the time of or immediately
after giving effect to the Extension of Credit contemplated by such request a Default has occurred and is continuing or would result therefrom. Swingline Loans shall be made in minimum amounts of $1.0 million and integral multiples of $100,000 above
such amount. 
 (c) Prepayment. Borrowers shall have the right at any time and from time to time to repay any Swingline
Loan, in whole or in part, upon giving written notice to the Swingline Lender and the Administrative Agent before 2:00 p.m., New York City time, on the proposed date of prepayment. 

(d) Participations. The Swingline Lender may at any time in its discretion, and shall, at least once each week, by written notice
given to the Administrative Agent (provided such notice requirement shall not apply if the Swingline Lender and the Administrative Agent are the same entity) not later than 11:00 a.m., New York City time, on the next succeeding Business Day
following such notice require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans then outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Revolving
Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each
Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Pro Rata Percentage of such Swingline Loan or
Loans. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the
occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever (so long as such payment shall not cause such
Lender’s Revolving Exposure to exceed such Lender’s Revolving Commitment). Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in
Section 2.02(c) with respect to Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the
Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent shall notify Administrative Borrower of any participations in any Swingline Loan acquired by the Revolving Lenders pursuant to this paragraph, and
thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from Borrowers (or other party on behalf of Borrowers) in respect of a
Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent. Any such amounts received by the Administrative Agent shall be promptly remitted by the
Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph, as their interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve Borrowers of
any default in the payment thereof. 

  
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 SECTION 2.18 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, Administrative Borrower may request the Issuing Bank, and the
Issuing Bank agrees, to issue Letters of Credit for a Borrower’s own account or the account of a Subsidiary in a form reasonably acceptable to the Administrative Agent and the Issuing Bank (provided, however, that the form attached as
Exhibit S hereto shall be acceptable in any event to the Administrative Agent and the Issuing Bank), at any time and from time to time during the Revolving Availability Period (provided that the applicable Borrower shall be a
co-applicant, and be jointly and severally liable, with respect to each Letter of Credit issued for the account of a Subsidiary). The Issuing Bank shall have no obligation to issue, and Administrative Borrower shall not request the issuance of, any
Letter of Credit at any time if after giving effect to such issuance, the LC Exposure would exceed the LC Commitment or the total Revolving Exposure would exceed the lesser of (A) total Revolving Commitments and (B) the Borrowing Base. In
the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by Administrative Borrower to, or entered into by Borrowers with,
the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 
 (b) Request
for Issuance, Amendment, Renewal, Extension; Certain Conditions and Notices. To request the issuance of a Letter of Credit or the amendment, renewal or extension of an outstanding Letter of Credit, Administrative Borrower shall deliver, by hand
or telecopier (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank), an LC Request to the Issuing Bank and the Administrative Agent not later than 11:00 a.m. on the second Business Day
preceding the requested date of issuance, amendment, renewal or extension (or such later date and time as is acceptable to the Issuing Bank). 
 A request for an initial issuance of a Letter of Credit shall be provided and delivered by the Administrative Borrower and shall specify in form and detail reasonably satisfactory to the Issuing Bank:

 (i) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); 

(ii) the amount thereof; 
 (iii) the expiry date thereof (which shall not be later than the close of business on the Letter of Credit Expiration Date); 

(iv) the name and address of the beneficiary thereof; 

(v) whether the Letter of Credit is to be issued for its own account or for the account of one of its Subsidiaries
(provided that such Borrower shall be a co-applicant, and therefore jointly and severally liable, with respect to each Letter of Credit issued for the account of a Subsidiary); 

(vi) the documents to be presented by such beneficiary in connection with any drawing thereunder; 

  
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 (vii) the full text of any certificate to be presented by such beneficiary
in connection with any drawing thereunder; and 
 (viii) such other matters as the Issuing Bank may require.

 A request for an amendment, renewal or extension of any outstanding Letter of Credit shall specify in form and detail
reasonably satisfactory to the Issuing Bank: 
 (i) the Letter of Credit to be amended, renewed or extended;

 (ii) the proposed date of amendment, renewal or extension thereof (which shall be a Business Day); 

(iii) the nature of the proposed amendment, renewal or extension; and 

(iv) such other matters as the Issuing Bank may reasonably require. 

If requested by the Issuing Bank, Administrative Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in
connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Letter of Credit, Administrative Borrower shall be deemed to
represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the LC Exposure shall not exceed the LC Commitment, (ii) the total Revolving Exposures shall not exceed the lesser of (A) the
total Revolving Commitments and (B) the Borrowing Base and (iii) the conditions set forth in Article IV in respect of such issuance, amendment, renewal or extension shall have been satisfied. Unless the Issuing Bank and the
Administrative Agent shall agree otherwise, no Letter of Credit shall be in an initial amount less than $100,000, in the case of a Commercial Letter of Credit, or $100,000, in the case of a Standby Letter of Credit. 

Upon the issuance of any Letter of Credit or amendment, renewal, extension or modification to a Letter of Credit, the Issuing Bank shall
promptly notify the Administrative Agent, who shall promptly notify each Revolving Lender, thereof, which notice shall be accompanied by a copy of such Letter of Credit or amendment, renewal, extension or modification to a Letter of Credit and the
amount of such Lender’s respective participation in such Letter of Credit pursuant to Section 2.18(d). If the Issuing Bank is not the same person as the Administrative Agent, on the first Business Day of each calendar month, the
Issuing Bank shall provide to the Administrative Agent a report listing all outstanding Letters of Credit and the amounts and beneficiaries thereof and the Administrative Agent shall promptly provide such report to each Revolving Lender. 

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of
(i) (x) the date which is one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (y) the Letter of Credit Expiration Date,
and (ii) if Administrative Borrower so requests in any Letter of Credit Request, the Issuing Bank may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal
Letter of Credit”); provided that any such Auto-Renewal Letter of Credit must permit the Issuing Bank to prevent any such renewal at least once in each twelve-month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day in each such twelve-month period to be 

  
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agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the Issuing Bank, Borrowers shall not be required to make a specific request to the Issuing Bank for any such
renewal. Once an Auto-Renewal Letter of Credit has been issued, the Revolving Lenders shall be deemed to have authorized (but may not require) the Issuing Bank to permit the renewal of such Letter of Credit at any time prior to an expiry date but
not later than the earlier of (i) one year from the date of such renewal and (ii) the Letter of Credit Expiration Date; provided that the Issuing Bank shall not permit any such renewal if (x) the Issuing Bank has determined that it
would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of Section 2.18(k) or otherwise), or (y) it has received notice on or before the day that
is two Business Days before the date which has been agreed upon pursuant to the proviso of the first sentence of this paragraph, (1) from the Administrative Agent that any Revolving Lender directly affected thereby has elected not to permit
such renewal or (2) from the Administrative Agent, any Lender or Borrowers that one or more of the applicable conditions specified in Section 4.03 are not then satisfied. 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof)
and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby irrevocably grants to each Revolving Lender, and each Revolving Lender hereby acquires from the Issuing Bank, a participation in such Letter of
Credit equal to such Revolving Lender’s Pro Rata Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Revolving Lender’s Pro Rata Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by Borrowers on the date due as
provided in Section 2.18(e), or of any reimbursement payment required to be refunded to Borrowers for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or
termination of the Commitments, or expiration, termination or cash collateralization of any Letter of Credit and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 

(e) Reimbursement. 
 (i) If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, Borrowers shall reimburse such LC Disbursement by paying to the Issuing Bank an amount equal to such LC
Disbursement not later than 3:00 p.m., New York City time, on the date that such LC Disbursement is made if Administrative Borrower shall have received notice of such LC Disbursement prior to 11:00 a.m., New York City time, on such date, or, if such
notice has not been received by Administrative Borrower prior to such time on such date, then not later than 3:00 p.m., New York City time, on the Business Day immediately following the day that Administrative Borrower receives such notice;
provided that Administrative Borrower may request in accordance with Section 2.03 that such payment be financed with ABR Revolving Loans or Swingline Loans (which ABR Revolving Loans or Swingline Loans, as the case may be, will
not be subject to the conditions to borrowing set forth herein) in an equivalent amount and, to the extent so financed, Borrowers’ obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Loans or
Swingline Loans. 
 (ii) If Borrowers fail to make such payment when due, the Issuing Bank shall notify the Administrative Agent
and the Administrative Agent shall notify each Revolving Lender of the applicable 

  
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LC Disbursement, the payment then due from Borrowers in respect thereof and such Revolving Lender’s Pro Rata Percentage thereof. Each Revolving Lender shall pay by wire transfer of
immediately available funds to the Administrative Agent not later than 2:00 p.m., New York City time, on such date (or, if such Revolving Lender shall have received such notice later than 12:00 noon, New York City time, on any day, not later than
11:00 a.m., New York City time, on the immediately following Business Day), an amount equal to such Revolving Lender’s Pro Rata Percentage of the unreimbursed LC Disbursement in the same manner as provided in Section 2.02(c) with
respect to Revolving Loans made by such Revolving Lender, and the Administrative Agent will promptly pay to the Issuing Bank the amounts so received by it from the Revolving Lenders. To the extent of any payments made by a Revolving Lender pursuant
to this Section 2.18(e)(ii), no Default or Event of Default will result from the failure of the Borrowers to make reimbursement in respect of the relevant LC Disbursement. The Administrative Agent will promptly pay to the Issuing Bank
any amounts received by it from Borrowers pursuant to the above paragraph prior to the time that any Revolving Lender makes any payment pursuant to the preceding sentence and any such amounts received by the Administrative Agent from Borrowers
thereafter will be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made such payments and to the Issuing Bank, as appropriate. 
 (iii) If any Revolving Lender shall not have made its Pro Rata Percentage of such LC Disbursement available to the Administrative Agent as provided above, each of such Revolving Lender and Borrowers
severally agrees to pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with the foregoing to but excluding the date such amount is paid, to the Administrative Agent for the account
of the Issuing Bank at (i) in the case of Borrowers, the rate per annum set forth in Section 2.18(g) and (ii) in the case of such Lender, at a rate determined by the Administrative Agent in accordance with banking industry
rules or practices on interbank compensation. 
 (f) Obligations Absolute. The Reimbursement Obligation of Borrowers as
provided in Section 2.18(e) shall be absolute, unconditional and irrevocable, and shall be paid and performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of
(i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein; (ii) any draft or other document presented under a Letter of Credit being proved to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that fails to comply with the terms of
such Letter of Credit; (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing (other than payment), that might, but for the provisions of this Section 2.18, constitute a legal or equitable
discharge of, or provide a right of setoff against, the obligations of Borrowers hereunder; (v) the fact that a Default shall have occurred and be continuing; or (vi) any material adverse change in the business, property, results of
operations, prospects or condition, financial or otherwise, of Borrowers and their Subsidiaries. None of the Agents, the Lenders, the Issuing Bank or any of their Affiliates shall have any liability or responsibility by reason of or in connection
with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in
transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising
from causes beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to Borrowers to the extent of any direct damages (as opposed to consequential damages, claims in
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Requirements of Law) suffered by Borrowers that are caused by the Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank
shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in
substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information
to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing
Bank shall promptly give written notice to the Administrative Agent and Administrative Borrower of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or
delay in giving such notice shall not relieve Borrowers of their Reimbursement Obligation to the Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement (other than with respect to the timing of such Reimbursement Obligation
set forth in Section 2.18(e)). 
 (h) Interim Interest. If the Issuing Bank shall make any LC
Disbursement, then, unless Borrowers shall reimburse such LC Disbursement or such LC Disbursement is repaid with Revolving Loans as set forth in clause (c) above in full on the date such LC Disbursement is made, the unpaid amount thereof shall
bear interest payable on demand, for each day from and including the date such LC Disbursement is made to and including the date that Borrowers are required to reimburse such LC Disbursement under Section 2.18(e)(i), at the interest rate
then in effect for ABR Loans, and thereafter, at the rate per annum determined pursuant to Section 2.06(c) until (but excluding) the date that Borrowers reimburse such LC Disbursement or such LC Disbursement is repaid with Revolving
Loans as set forth in clause (e) above. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to
Section 2.18(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment. 
 (i) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that Administrative Borrower receives notice from the Administrative Agent or the Required
Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, Borrowers shall deposit
on terms and in accounts reasonably satisfactory to the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders, an amount in cash equal to 103% of the LC Exposure as of such date plus any accrued
and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the
occurrence of any Event of Default with respect to Borrowers described in Section 8.01(g) or (h). Funds so deposited shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has
not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of outstanding Reimbursement Obligations or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC
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greater than 50% of the total LC Exposure), be applied to satisfy other Obligations of Borrowers under this Agreement. If Borrowers are required to provide an amount of cash collateral under this
Section 2.18(i) as a result of the occurrence of an Event of Default, such amount plus any accrued interest or realized profits with respect to such amounts (to the extent not applied as aforesaid) shall be returned to Borrowers
within three Business Days after all Events of Default have been cured or waived. 
 (j) Additional Issuing Banks.
Borrowers may, at any time and from time to time, designate one or more additional Revolving Lenders to act as an issuing bank under the terms of this Agreement, with the consent of the Administrative Agent (which consent shall not be unreasonably
withheld), the Issuing Bank and such Revolving Lender(s). Any Revolving Lender designated as an issuing bank pursuant to this paragraph (j) shall have all the rights and obligations of the Issuing Bank under the Loan Documents with
respect to Letters of Credit issued or to be issued by it, and all references in the Loan Documents to the term “Issuing Bank” shall, with respect to such Letters of Credit, be deemed to refer to such Revolving Lender in its capacity as
the Issuing Bank, as the context shall require. The Administrative Agent shall notify the Lenders of any such additional Issuing Bank. If at any time there is more than one Issuing Bank hereunder, Borrowers may, in their discretion, select which
Issuing Bank is to issue any particular Letter of Credit. 
 (k) Resignation or Removal of the Issuing Bank. The Issuing
Bank may resign as Issuing Bank hereunder at any time upon at least 30 days’ prior notice to the Lenders, the Administrative Agent and Administrative Borrower. The Issuing Bank may be replaced at any time by written agreement among Borrowers,
each Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank. At the time any such resignation of the Issuing Bank shall become effective,
Borrowers shall pay all unpaid fees accrued for the account of the retiring Issuing Bank pursuant to Section 2.05(c). From and after the effective date of any such resignation or replacement, (i) the successor Issuing Bank shall
have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued by it thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such
successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the resignation or replacement of an Issuing Bank, the replaced Issuing Bank shall remain a party hereto and shall
continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit.

 (l) Other. The Issuing Bank shall be under no obligation to issue any Letter of Credit if 

(i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or
restrain the Issuing Bank from issuing such Letter of Credit, or any Requirement of Law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the
Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not applicable
on the Closing Date and which the Issuing Bank in good faith deems material to it; or 
 (ii) the issuance of
such Letter of Credit would violate one or more policies of the Issuing Bank. 

  
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 The Issuing Bank shall be under no obligation to amend any Letter of Credit if (A) the Issuing Bank
would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. For the avoidance
of doubt, any Letter of Credit issued and outstanding under the Existing Revolving Credit Agreement as of the A&R Effective Date immediately prior to giving effect to this Agreement shall automatically be deemed issued as a Letter of Credit
under this Agreement from and after the A&R Effective Date. 
 SECTION 2.19 Defaulting Lenders. 

Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions
shall apply for so long as such Lender is a Defaulting Lender: 
 (a) the Commitment Fee shall cease to accrue on
the Commitment of such Lender so long as it is a Defaulting Lender (except to the extent it is payable to the Issuing Bank pursuant to clause (c)(v) below); 

(b) if any Swingline Exposure or LC Exposure exists at the time a Lender becomes a Defaulting Lender then:

 (i) all or any part of such Swingline Exposure and LC Exposure shall be reallocated among the non-Defaulting
Lenders in accordance with their respective Pro Rata Percentages but only to the extent the sum of all non-Defaulting Lenders’ Revolving Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total
of all non-Defaulting Lenders’ Revolving Commitments; 
 (ii) if the reallocation described in clause
(i) above cannot, or can only partially, be effected, Borrowers shall within one Business Day following notice by the Administrative Agent (x) first, prepay such Defaulting Lender’s Swingline Exposure and (y) second, cash
collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.18(i) for so long as such LC
Exposure is outstanding; 
 (iii) if any portion of such Defaulting Lender’s LC Exposure is cash
collateralized pursuant to clause (ii) above, Borrowers shall not be required to pay the LC Participation Fee with respect to such portion of such Defaulting Lender’s LC Exposure so long as it is cash collateralized; 

(iv) if any portion of such Defaulting Lender’s LC Exposure is reallocated to the non-Defaulting Lenders
pursuant to clause (i) above, then the LC Participation Fee with respect to such portion shall be allocated among the non-Defaulting Lenders in accordance with their Pro Rata Percentages; or 

(v) if any portion of such Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated
pursuant to this Section 2.19(b), then, without prejudice to 

  
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any rights or remedies of the Issuing Bank or any Lender hereunder, the Commitment Fee that otherwise would have been payable to such Defaulting Lender (with respect to the portion of such
Defaulting Lender’s Revolving Commitment that was utilized by such LC Exposure) and the LC Participation Fee payable with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Bank until such LC Exposure is cash
collateralized and/or reallocated; 
 (c) so long as any Lender is a Defaulting Lender, the Swingline Lender
shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the Revolving Commitments of the
non-Defaulting Lenders and/or cash collateralized in accordance with Section 2.19(b), and participations in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among non-Defaulting Lenders
in accordance with their respective Pro Rata Percentages (and Defaulting Lenders shall not participate therein); and 
 (d) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting
Lender pursuant to Section 2.14(d) but excluding Section 2.16(b)) may, in lieu of being distributed to such Defaulting Lender, be retained by the Administrative Agent in a segregated non-interest bearing account and, subject
to any applicable Requirements of Law, be applied at such time or times as may be determined by the Administrative Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder,
(ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to the Issuing Bank or Swingline Lender hereunder, (iii) third, to the funding of any Loan or the funding or cash collateralization of any
participation in any Swingline Loan or Letter of Credit in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent, (iv) fourth, if so
determined by the Administrative Agent and Administrative Borrower, held in such account as cash collateral for future funding obligations of the Defaulting Lender under this Agreement, (v) fifth, pro rata, to the payment of any amounts
owing to Borrowers or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by Borrowers or any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement and (vi) sixth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is (x) a prepayment of the principal amount of any Loans or Reimbursement
Obligations in respect of LC Disbursements which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.03 are satisfied, such payment shall be applied solely
to prepay the Loans of, and Reimbursement Obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or Reimbursement Obligations owed to, any Defaulting Lender. 

In the event that the Administrative Agent, Administrative Borrower, the Issuing Bank or the Swingline Lender, as the case may be, each agrees that a
Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on
such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Pro Rata Percentage. The rights and
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to other rights and remedies that Borrowers, the Administrative Agent, the Issuing Bank, the Swingline Lender and the non-Defaulting Lenders may have against such Defaulting Lender. The
arrangements permitted or required by this Section 2.19 shall be permitted under this Agreement, notwithstanding any limitation on Liens or the pro rata sharing provisions or otherwise. 

SECTION 2.20 Increase in Commitments. 
 (a) Borrower Request. Administrative Borrower may by written notice to the Administrative Agent elect to request after the commencement of the Revolving Availability Period and prior to the
Revolving Maturity Date, an increase to the existing Revolving Commitments by an amount determined by the Administrative Borrower not in excess of $425,000,000 in the aggregate and not less than $10,000,000 individually. Each such notice shall
specify (i) the date (each, an “Increase Effective Date”) on which Administrative Borrower proposes that the increased or new Revolving Commitments shall be effective, which shall be a date not less than 5 Business Days after
the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Administrative Borrower proposes any portion of such increased or new Revolving Commitments be allocated and the
amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Revolving Commitments may elect or decline, in its sole discretion, to provide such increased or new Revolving
Commitment. 
 (b) Conditions. The increased or new Revolving Commitments shall become effective, as of such Increase
Effective Date; provided that: 
 (i) each of the conditions set forth in Section 4.03
shall be satisfied on or prior to the Increase Effective Date; 
 (ii) no Default shall have occurred and be
continuing or would result after giving effect thereto; 
 (iii) Borrowers shall make any payments required
pursuant to Section 2.13 in connection with any adjustment of Revolving Loans pursuant to Section 2.20(d); 
 (iv) Administrative Agent and Co-Collateral Agents shall have received audits and an Inventory Appraisal, in each case, reasonably satisfactory to Administrative Agent and Co-Collateral Agents with
respect to any new Accounts or hydrocarbon Inventory being added to the Borrowing Base, if any, in connection with the Incremental Revolving Loans prior to such Accounts or hydrocarbon Inventory being included for purposes of calculating the
Borrowing Base; provided, that this requirement to obtain such audits and Inventory Appraisals shall only be required to the extent the new Accounts and/or hydrocarbon Inventory being added to the Borrowing Base equals or exceeds 10% of the
then-existing Borrowing Base; 
 (v) [Reserved]; 

(vi) each of the representations and warranties made by any Loan Party set forth in Article III hereof or in any
other Loan Document shall be true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects) on
and as of the Increase Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date; and 

  
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 (vii) Borrowers shall deliver or cause to be delivered any legal
opinions or other documents reasonably requested by the Administrative Agent in connection with any such transaction. 
 (c)
Terms of New Loans and Commitments. The terms and provisions, including, without limitation, interest, commitment fees and letter of credit participation fees, of Loans made pursuant to the new Revolving Commitments (“Incremental
Revolving Loans”) shall be identical from and after the date of effectiveness of the relevant Increase Joinder in all respects to the Revolving Loans. 
 The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by Borrowers, the Administrative Agent and each Lender making such increased or
new Commitment, in form and substance reasonably satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or
appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.20. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed,
unless the context otherwise requires, to include references to Revolving Loans made pursuant to new Revolving Commitments as set forth in this Section 2.20. 
 (d) Adjustment of Revolving Loans. Each Revolving Lender that is acquiring a new or additional Revolving Commitment on the Increase Effective Date shall make a Revolving Loan, the proceeds of which
will be used to prepay the Revolving Loans of the other Revolving Lenders that did not acquire or agree to provide new or additional Revolving Commitments on such Increase Effective Date immediately prior to such Increase Effective Date, so that,
after giving effect thereto, the Revolving Loans outstanding are held by the Revolving Lenders pro rata based on their Revolving Commitments after giving effect to such Increase Effective Date. If there is a new borrowing of Revolving Loans on such
Increase Effective Date, the Revolving Lenders after giving effect to such Increase Effective Date shall make such Revolving Loans in accordance with Section 2.01. 
 (e) In addition to increased Revolving Commitments pursuant to Section 2.20(a), the Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or
more new tranches of Revolving Commitments (the “Refinancing Loan Commitments”), in an aggregate amount not to exceed $500,000,000, the proceeds of which shall be used solely to permanently replace then existing Revolving
Commitments, and to pay fees, costs and expenses in connection therewith. Each such notice shall specify the date (each, a “Refinancing Amount Date”) on which the Borrowers proposes that the Refinancing Loan Commitments shall be
effective, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent. Such Refinancing Loan Commitments shall become effective as of such Refinancing Amount Date;
provided, that: (i) no Default or Event of Default shall exist on such Refinancing Amount Date immediately before or immediately after giving effect to any such Refinancing Loan Commitments; (ii) any such Refinancing Loan
Commitments shall be made effective pursuant to one or more joinder agreements, in form and substance reasonably satisfactory to the Administrative Agent, executed by the Borrowers, the Lenders providing such Refinancing Loan Commitments and the
Administrative Agent (each such joinder agreement, a “Refinancing Joinder Agreement”), each of which Refinancing Joinder Agreements shall be recorded in the Register; (iii) the Borrowers shall pay all fees and expenses due and
payable to the Administrative Agent 

  
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and the Lenders in connection with any such Refinancing Loan Commitments; and (iv) the Borrowers shall deliver or cause to be delivered any and all customary and appropriate legal opinions
or other documents reasonably requested by the Administrative Agent in connection with any such transaction. 

(i) The terms and provisions of any Refinancing Revolving Loans and Refinancing Loan Commitments shall be such that,
except as otherwise set forth herein or in the applicable Refinancing Joinder Agreement, they shall be identical to those of the Revolving Loans and the Revolving Commitments as in effect on the Refinancing Amount Date with respect to such
Refinancing Revolving Loans and Refinancing Loan Commitments, in each case, from and after the Refinancing Amount Date; provided, however, that: (i) the applicable maturity date of any such Refinancing Revolving Loans shall be
later than the Revolving Maturity Date; (ii) the Liens securing any such Refinancing Revolving Loans and Refinancing Loan Commitments shall be secured on a pari passu basis with (or on a junior basis to) the Liens granted pursuant to the
Security Documents to secure the then existing Secured Obligations; and (iii) the rate of interest applicable to such Refinancing Revolving Loans shall be determined by the Borrowers and the applicable new Lenders and shall be set forth in each
applicable Refinancing Joinder Agreement. 
 (ii) On any Refinancing Amount Date on which any Refinancing Loan
Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, (A) each Lender with a Refinancing Loan Commitment (each, a “Refinancing Revolving Credit Lender”) shall commit to make Revolving
Loans available to the Borrowers (“Refinancing Revolving Loans”) in an amount equal to its Refinancing Loan Commitment, and (B) each Refinancing Revolving Credit Lender shall become a Lender hereunder with respect to the
Refinancing Loan Commitment. 
 (iii) Each Refinancing Joinder Agreement may, without the consent of any other
Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.20(e). 

(f) Equal and Ratable Benefit. The Loans and Commitments established pursuant to this paragraph shall constitute Loans and
Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the
Security Documents. The Loan Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents continue to be perfected under the UCC or
otherwise after giving effect to the establishment of any such Class of Loans or any such new Commitments. 
 SECTION
2.21 Determination of Borrowing Base. 
 (a) Eligible Accounts. On any date of determination of the
Borrowing Base, all of the Accounts owned by Borrowers and reflected in the most recent Borrowing Base Certificate delivered by the Borrowers to the Administrative Agent and Co-Collateral Agents shall be “Eligible Accounts” for the
purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies. In addition, the Co-Collateral Agents shall have the right from time to time to establish, modify or eliminate Reserves and Hedging
Reserves (without duplication) against Eligible Accounts. Eligible Accounts shall not include any of the following Accounts: 
 (i) any Account in which the Administrative Agent, on behalf of the Secured Parties does not have a perfected, first priority Lien (subject to Permitted Liens); 

  
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 (ii) any Account that is not owned by a Borrower; 

(iii) [Reserved]; 
 (iv) any Account due from MSCG or Statoil, including any Account due from Statoil in respect of the sale of Saudi Oil by a Loan Party to Statoil, except to the extent paid in cash to a Loan Party;

 (v) any Account due from an Account Debtor that is not domiciled in the United States or any political
subdivision thereof or Canada or any province or territory thereof and (if not a natural Person) organized under the laws of the United States or any political subdivision thereof or Canada or any province or territory thereof unless supported by an
irrevocable letter of credit (up to the face amount of such letter of credit); provided, that notwithstanding the foregoing, this clause (v) shall not exclude (i) Account Debtors specified on Part A of Annex II
attached hereto so long as each Account Debtor set forth on Part A of Annex II remains Investment Grade and (ii) Account Debtors specified on Part B of Annex II or otherwise agreed to by the Co-Collateral Agents which are not
domiciled or organized in the United States or any political subdivision thereof or Canada or any province or territory thereof to the extent such Account Debtor’s parent entity is domiciled or organized in the United States or any political
subdivision thereof or Canada or any province or territory thereof; 
 (vi) any Account that is payable in
any currency other than in dollars; 
 (vii) any Account that does not arise from the sale of goods or the
performance of services by the Borrowers in the ordinary course of their business; 
 (viii) any Account
that does not comply in all material respects with all applicable legal requirements, including, without limitation, all laws, rules, regulations and orders of any Governmental Authority; 

(ix) any Account (a) to the extent that the applicable Borrower’s right to receive payment is not absolute
or is contingent upon the fulfillment of any condition whatsoever unless such condition is satisfied or (b) as to which a Borrower is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial or
administrative process or (c) that represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to such
Borrower’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer; in each case set forth in (a), (b) or (c), to the extent such Account is subject to such condition, inability to
bring suit or subject to progress billing or lien; 
 (x) to the extent that any defense, counterclaim,
setoff or dispute is asserted as to such Account, it being understood that the remaining balance of the Account shall be eligible; 
 (xi) any Account that is not bona fide indebtedness incurred in the amount of the Account for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 

  
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 (xii) any Account with respect to which an invoice or other electronic
transmission (reasonably acceptable to the Co-Collateral Agents in form and substance) constituting a request for payment, has not been sent on a timely basis to the applicable Account Debtor according to the normal invoicing and timing procedures
of the applicable Borrower; 
 (xiii) any Account that arises from a sale to any director, officer, other
employee or Affiliate of a Loan Party, or to any entity that has any common officer or director with a Loan Party; 
 (xiv) to the extent a Borrower is liable for goods sold or services rendered by the applicable Account Debtor to a Borrower but only to the extent of the potential offset, except to the extent any waivers
of offset rights, which are in form and substance reasonably satisfactory to the Co-Collateral Agents, are in effect in respect of such Account; 
 (xv) any Account that arises with respect to goods that are delivered on a bill-and-hold, cash-on-delivery basis or placed on consignment, guaranteed sale or other terms by reason of which the payment by
the Account Debtor is or may be conditional; 
 (xvi) any Account that is in default; provided that,
without limiting the generality of the foregoing, an Account shall be deemed in default upon the occurrence of any of the following: 
 (A) any Account not paid within 90 days following its original invoice date; or 
 (B) the Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of creditors or fails to pay its debts generally as they come due; or 

(C) in respect of which a petition is filed by or against any Account Debtor obligated upon such Account under any
bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 
 (xvii) any Account that is the obligation of an Account Debtor if 50% or more of the dollar amount of all Accounts owing by that Account Debtor are ineligible under the other criteria set forth in this
Section 2.21(a) (other than clauses (i), (v) and (vi)); 
 (xviii) any
Account as to which any of the representations or warranties in the Loan Documents in respect of Accounts are untrue; 
 (xix) to the extent such Account is evidenced by a judgment, Instrument or Chattel Paper; 
 (xx) to the extent such Account exceeds any credit limit established by the Co-Collateral Agents, in their reasonable credit judgment exercised in good faith; or 

(xxi) any Account on which the Account Debtor is a Governmental Authority, unless (a) if the Account Debtor is the
United States of America, any State or political subdivision 

  
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thereof or any department, agency or instrumentality of the United States of America or any State or political subdivision thereof, the applicable Borrower has assigned its rights to payment of
such Account to the Administrative Agent pursuant to the Assignment of Claims Act of 1940, as amended, in the case of any such federal Governmental Authority, and pursuant to any requirements of applicable law, if any, in the case of any such other
Governmental Authority, and (b) if the Account Debtor is any other Governmental Authority, the applicable Borrower has, if required by any applicable law, assigned its rights to payment of such Account to the Administrative Agent pursuant to
applicable law, if any, and, in each such case where such acceptance and acknowledgment is required by applicable law, such assignment has been accepted and acknowledged by the appropriate government officers to the extent so required. 

(b) Eligible Hydrocarbon Inventory. On any date of determination of the Borrowing Base, all of the hydrocarbon Inventory owned by
the Borrowers and reflected in the most recent Borrowing Base Certificate delivered by Administrative Borrower to the Administrative Agent and Co-Collateral Agents shall be “Eligible Hydrocarbon Inventory” for the purposes of this
Agreement, except any hydrocarbon Inventory to which any of the exclusionary criteria set forth below applies. In addition, the Co-Collateral Agents shall have the right from time to time to establish, modify or eliminate Reserves and Hedging
Reserves (without duplication) against hydrocarbon Inventory. Eligible Hydrocarbon Inventory shall not include any hydrocarbon Inventory that: 
 (i) the Administrative Agent, on behalf of Secured Parties, does not have a perfected, first priority Lien upon (subject to Permitted Liens); 

(ii) any Inventory that is not owned by a Borrower 

(iii) (a) is stored at a leased location where the aggregate value of hydrocarbon Inventory exceeds $5,000,000
(unless the Administrative Agent shall have given its prior consent to a higher amount and unless either (x) a reasonably satisfactory Landlord Access Agreement has been delivered to the Co-Collateral Agents, or (y) Reserves reasonably
satisfactory to the Co-Collateral Agents (not to exceed three (3) months of periodic rent) have been established with respect thereto), or (b) is stored with a bailee or warehouseman where the aggregate value of hydrocarbon Inventory
exceeds $5,000,000 unless either (x) a reasonably satisfactory, acknowledged bailee waiver letter has been received by the Co-Collateral Agents or (y) Reserves reasonably satisfactory to the Co-Collateral Agents (not to exceed three
(3) months of periodic rent) have been established with respect thereto, or (c) is stored at a location where the aggregate value of hydrocarbon Inventory is less than $1,000,000; 

(iv) is placed on consignment, unless a valid consignment agreement which is reasonably satisfactory to
Administrative Agent is in place with respect to such hydrocarbon Inventory; 
 (v) is (a) not located
in the United States or Canada or (b) in transit outside the United States or Canada on the high seas; provided, that any such hydrocarbon Inventory in transit on the high seas outside the United States or Canada shall constitute
Eligible Hydrocarbon Inventory in an amount on any date of determination not to exceed 33.33% of the total amount of the Borrowing Base at such time so long as (I) such hydrocarbon Inventory does not constitute an Account, (II) if purchased
with a letter of credit such letter of credit shall be issued by an Issuing Bank hereunder, (III) such hydrocarbon Inventory is covered by insurance in form and substance 

  
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reasonably acceptable to the Administrative Agent, provided, it being understood and agreed that the insurance described on Annex III shall be acceptable to the Administrative Agent and (IV) all
applicable documents of title (including electronic copies thereof) relating to such hydrocarbon Inventory shall have been delivered to the Administrative Agent (or a designee (including, if so designated by the Administrative Agent, a Borrower or
other Loan Party) of the Administrative Agent within five (5) Business Days (or one (1) Business Day in the case of electronic copies) of receipt by the Borrowers thereof; 

(vi) is covered by a negotiable document of title, unless such document has been delivered to the Administrative
Agent with all necessary endorsements, free and clear of all Liens except those in favor of the Administrative Agent and landlords, carriers, bailees and warehousemen if clause (iii) above has been complied with; 

(vii) is to be returned to suppliers; 

(viii) is obsolete, unsalable, shopworn, damaged or unfit for sale; 

(ix) consists of display items or packing or shipping materials, manufacturing supplies or, with respect to the DCR
Facility and the Paulsboro Facility; 
 (x) is not of a type held for sale in the ordinary course of a
Borrower’s business; 
 (xi) breaches any of the representations or warranties pertaining to hydrocarbon
Inventory set forth in the Loan Documents; 
 (xii) is subject to any licensing arrangement the effect of which
would prohibit or materially restrict Administrative Agent, or any Person selling the hydrocarbon Inventory on behalf of Administrative Agent from selling such hydrocarbon Inventory in enforcement of the Administrative Agent’s Liens, without
further consent or payment (other than ordinary course royalty payments or other similar payments) to the licensor or other Person, unless such consent has been obtained; or 

(xiii) is not covered by casualty insurance maintained as required by Section 5.04. 

For the avoidance of doubt, “Eligible Hydrocarbon Inventory” (A) shall not include Intermediate Products located at the DCR Facility or at
the Paulsboro Facility that are not owned by a Loan Party or that are subject to any Lien or ownership interest of MSCG; (B) shall include Intermediate Products located at the Toledo Facility; and (C) shall not include Certain Hydrocarbon
Assets. 
 SECTION 2.22 Accounts; Cash Management. Borrowers and each Subsidiary Guarantor shall, prior to the
commencement of the Revolving Availability Period, maintain a cash management system (the “Cash Management System”), which shall operate as follows: 
 (a) All proceeds of Collateral held by Borrowers or any other Loan Party (other than funds being collected pursuant to the provisions stated below) shall be deposited in one or more bank accounts, as
set forth on Schedule 2.22 or other accounts in form and substance reasonably satisfactory to Administrative Agent subject to the terms of the Security Agreement and applicable Control Agreements. 

  
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 (b) Borrowers shall establish and maintain, at their sole expense, and shall cause each
Subsidiary Guarantor to establish and maintain, at its sole expense accounts subject to Control Agreements, which, on and after the commencement of the Revolving Availability Period, shall consist of accounts maintained by the financial institutions
as described on Schedule 2.22 hereto (in each case, except for Excluded Deposit Accounts, the “Blocked Accounts”), or with such other banks as are acceptable to the Administrative Agent into which Borrowers and Subsidiary
Guarantors shall promptly deposit and direct their respective Account Debtors to directly remit all payments on Accounts and all payments constituting proceeds of hydrocarbon Inventory or other Revolving Credit Priority Collateral in the identical
form in which such payments are made, whether by cash, check or other manner and shall be identified and segregated from all other funds of the Loan Parties. On or prior to the commencement of the Revolving Availability Period (or such later time as
permitted hereunder), Borrowers and Subsidiary Guarantors shall deliver, or cause to be delivered, to the Administrative Agent a Control Agreement duly authorized, executed and delivered by each bank where a Blocked Account for the benefit of
Borrowers or any Subsidiary Guarantor is maintained. Borrowers shall further execute and deliver, and shall cause each Subsidiary Guarantor to execute and deliver, such agreements and documents as the Administrative Agent may reasonably require in
connection with such Blocked Accounts and such Control Agreements. Borrowers and Subsidiary Guarantors shall not establish any deposit accounts after the commencement of the Revolving Availability Period into which proceeds of Revolving Credit
Priority Collateral are deposited, unless the applicable Borrower or Subsidiary Guarantor has complied in full with the provisions of this Section 2.22(b) with respect to such deposit accounts. Each Borrower agrees that from and after
the delivery of an Activation Notice all payments made to such Blocked Accounts or other funds received and collected by the Administrative Agent or any Lender, whether in respect of the Accounts or as proceeds of hydrocarbon Inventory shall be
treated as payments to the Administrative Agent and Lenders in respect of the Obligations and therefore, after giving effect to such payments shall constitute the property of Administrative Agent and Lenders to the extent of the then outstanding
applicable Obligations. 
 (c) The applicable bank at which any Blocked Accounts are maintained shall agree from and after the
receipt of a notice (an “Activation Notice”) from Administrative Agent (which Activation Notice may, or upon instruction of the Required Lenders, as applicable, shall, be given by Administrative Agent at any time and after the
occurrence of a Trigger Event which is continuing at the time of such notice) pursuant to the applicable Control Agreement, to forward, daily, all amounts in each Blocked Account to the account designated as collection account (the
“Collection Account”) which shall be under the exclusive dominion and control of Administrative Agent. 
 (d)
From and after the delivery of an Activation Notice, Administrative Agent shall apply all such funds in the Collection Account on a daily basis to the repayment of the Obligations in accordance with Section 8.02. Notwithstanding the
foregoing sentence, after payment in full has been made of the amounts required under Subsections 8.02(a) through (d), upon Borrowers’ request and as long as no Event of Default has occurred and is continuing and all other
conditions precedent to a Borrowing have been satisfied, any additional funds deposited in the Collection Account shall be released to Borrowers. 
 (e) Subject to the Intercreditor Agreements, Borrowers shall promptly deposit or cause the same to be deposited, any monies, checks, notes, drafts or any other payment relating to and/or proceeds of
Accounts or hydrocarbon Inventory or other Revolving Credit Priority Collateral which come into their possession or under their control in the applicable Blocked Accounts, or remit the same or cause the same to be remitted, in kind, to the
Administrative Agent. Borrowers agree to reimburse 

  
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Administrative Agent on demand for any amounts owed or paid to any bank at which a Blocked Account is established or any other bank or person involved in the transfer of funds to or from the
Blocked Accounts arising out of Administrative Agent’s payments to or indemnification of such bank or person. 
 ARTICLE
III 
 REPRESENTATIONS AND WARRANTIES 
 Each Loan Party represents and warrants to the Administrative Agent, the Co-Collateral Agents, the Issuing Bank and each of the Lenders (with references to the Companies being references thereto after
giving effect to the Transactions unless otherwise expressly stated) that: 
 SECTION 3.01 Organization; Powers.

 Each Company (a) is duly organized and validly existing under the laws of the jurisdiction of its organization,
(b) has all requisite power and authority to carry on its business as now conducted and to own and lease its property and (c) is qualified and in good standing (to the extent such concept is applicable in the applicable jurisdiction) to do
business in every jurisdiction where such qualification is required, except in such jurisdictions where the failure to so qualify or be in good standing, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. There is no existing material default under any Organizational Document of any Company or any event which, with the giving of notice or passage of time or both, would constitute a material default by any Company thereunder.

 SECTION 3.02 Authorization; Enforceability. 

The Transactions to be entered into by each Loan Party are within such Loan Party’s powers and have been duly authorized by all
necessary limited liability company action on the part of such Loan Party. This Agreement has been duly executed and delivered by each Loan Party and constitutes, and each other Loan Document to which any Loan Party is to be a party, when executed
and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 SECTION 3.03 No Conflicts. 
 Except as set forth on Schedule
3.03, the Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect,
(ii) filings necessary to perfect or maintain Liens created by the Loan Documents and (iii) consents, approvals, registrations, filings, permits or actions the failure to obtain or perform which could not reasonably be expected to result
in a Material Adverse Effect, (b) will not violate the Organizational Documents of any Company, (c) will not violate any Requirement of Law, except for any such violation which could not reasonably be expected to result in a Material
Adverse Effect, (d) will not violate or result in a default or require any consent or approval under any indenture, agreement or other instrument binding upon any Company or its property, including, without limitation, the Morgan Stanley
Off-Take Agreements or the Oil Supply Agreements, or give rise to a right thereunder to require any payment to be made by any Company, except for violations, defaults 

  
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or the creation of such rights that could not reasonably be expected to result in a Material Adverse Effect, and (e) will not result in the creation or imposition of any Lien on any property
of any Company, except Liens created by the Loan Documents and Permitted Liens. 
 SECTION 3.04 Financial Statements;
Projections. 
 (a) Historical Financial Statements. Administrative Borrower has heretofore delivered to the
Lenders (i) the audited financial statements of Paulsboro, PBF Investments LLC, PBF Power Marketing LLC and Paulsboro Natural Gas Pipeline Company LLC as of and for the fiscal years ended December 31, 2007, December 31,
2008, December 31, 2009 and December 31, 2010, audited by and accompanied by the unqualified opinions of KPMG LLP (with respect to Paulsboro and Paulsboro Natural Gas Pipeline Company LLC ) and Deloitte & Touche LLP (with
respect to PBF Investments LLC and PBF Power Marketing LLC), in each case, independent public accountants, and (ii) audited financial statements for Holdings as of and for the fiscal years ended December 31, 2008, December 31,
2009, December 31, 2010 and December 31, 2011 audited by and accompanied by the unqualified opinion of Deloitte & Touche LLP, independent public accountants and (iii) unaudited financial statements for Holdings as of and for the
fiscal quarters ended March 31, 2012 and June 30, 2012 and the fiscal months ended July 31, 2012 and August 31, 2012 and for the comparable periods of the preceding fiscal year, in each case, certified by a Financial Officer of
Administrative Borrower. Such financial statements and all financial statements delivered pursuant to Sections 5.01(a), (b) and (c) have been prepared in accordance with GAAP consistently applied and present fairly and
accurately in all material respects the financial condition and results of operations and cash flows of Holdings and its Subsidiaries as of the dates and for the periods to which they relate, except for, in the case of the statements provided under
clause (ii) and statements delivered pursuant to Sections 5.01(b) and(c), the absence of footnote disclosures and normal year-end adjustments. 
 (b) No Material Adverse Effect. Since December 31, 2011, there has been no event, change, circumstance or occurrence that, individually or in the aggregate, has had or could reasonably be
expected to result in a Material Adverse Effect. 
 (c) Forecasts. The forecasts of financial performance of Holdings and
its Subsidiaries furnished to Agents and the Lenders have been prepared in good faith by Borrowers and based on assumptions believed by Borrowers to reasonable at the time of preparation of such forecasts, it being understood that actual results may
differ from such forecasts and such differences may be material. 
 SECTION 3.05 Properties. 

(a) Generally. Each Company has good title to, a license to or valid leasehold interests in, all its property material to its
business, free and clear of all Liens except for, in the case of Collateral, Permitted Liens and, in the case of all other material property, Permitted Liens and minor irregularities or deficiencies in title that, individually or in the aggregate,
do not interfere with its ability to conduct its business as currently conducted or to utilize such property for its intended purpose and except where the failure to have such title or other interest is not reasonably expected to have individually
or in the aggregate, a Material Adverse Effect. The property of the Companies, taken as a whole, (i) is in good operating order, condition and repair (ordinary wear and tear excepted) and (ii) constitutes all the property which is required
for the business and operations of the Companies as presently conducted. 

  
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 (b) Real Property. Schedules 8(a) and 8(b) to the Perfection
Certificates contain a true and complete list of each interest in Real Property (i) owned by any Company as of the date hereof and describes the type of interest therein held by such Company and whether such owned Real Property is leased and if
leased whether the underlying Lease contains any option to purchase all or any portion of such Real Property or any interest therein or contains any right of first refusal relating to any sale of such Real Property or any portion thereof or interest
therein and (ii) leased, subleased or otherwise occupied or utilized by any Company, as lessee, sublessee, franchisee or licensee, as of the date hereof and describes the type of interest therein held by such Company and, in each of the cases
described in clauses (i) and (ii) of this Section 3.05(b), whether any Lease requires the consent of the landlord or tenant thereunder, or other party thereto, to the Transactions. 

(c) No Casualty Event. No Company has received any written notice of, nor has any knowledge of, the occurrence or pendency or
contemplation of any Casualty Event affecting all or any portion of its property, which Casualty Event could reasonably be expected to have a Material Adverse Effect. 
 (d) Collateral. Each Loan Party owns or has rights to use all of the Collateral and all rights with respect to any of the foregoing used in, necessary for or material to each Company’s
business as currently conducted. The use by each Loan Party of such Collateral and all such rights with respect to the foregoing do not infringe on the rights of any person other than such infringement which could not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Effect. No claim has been made and remains outstanding that any Loan Party’s use of any Collateral does or may violate the rights of any third party that could, individually or
in the aggregate, reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.06 Intellectual
Property. 
 (a) Ownership/No Claims. Each Loan Party owns, or is licensed to use, all trademarks, trade names,
service marks, copyrights, technology, trade secrets, proprietary information, know-how and processes necessary for the conduct of its business as currently conducted (the “Intellectual Property”), except for those the failure to
own or license which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 (i) No claim has been asserted against any Loan Party in writing and is pending by any person challenging or questioning the use of any such Intellectual Property by such Loan Party or the validity or
enforceability of any such Intellectual Property owned by such Loan Party (other than office actions issued in connection with the prosecution of any applications for Intellectual Property), except for such claims that, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect; and 
 (ii) the use of
such Intellectual Property by each Loan Party does not infringe the rights of any person, except for such infringements in that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) Registrations. Except pursuant to licenses and other agreements entered into by each Loan Party that are listed in Schedule
12(a) or 12(b) to the Perfection Certificates, on and as of the date hereof (i) each Loan Party owns and possesses the right to use, and has not licensed any other person to use, any copyright or trademark (as such terms are defined
in the Security Agreements) listed in Schedule 12(a) or 12(b) to the Perfection Certificates and (ii) all registrations listed in Schedule 12(a) or 12(b) to the Perfection Certificates are in existence. 

  
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 (c) No Violations or Proceedings. To each Loan Party’s knowledge, on and as of
the date hereof, there is no infringement by others of any right of such Loan Party with respect to any copyright, patent or trademark listed in Schedule 12(a) or 12(b) to the Perfection Certificates, pledged by it under the name of
such Loan Party except as may be set forth on Schedule 3.06(c), except for such infringements that, individually or in the aggregate could not reasonably be expected to result in a Material Adverse Effect 

SECTION 3.07 Equity Interests and Subsidiaries. 
 (a) Equity Interests. Schedules 1(a) and 10(a) to the Perfection Certificates set forth a list of (i) all the Subsidiaries of Holdings and their jurisdictions of organization as
of the A&R Effective Date and (ii) the number of each class of its Equity Interests authorized, and the number outstanding, on the A&R Effective Date and the number of shares covered by all outstanding options, warrants, rights of
conversion or purchase and similar rights at the A&R Effective Date. All Equity Interests of each Subsidiary (other than an Excluded Subsidiary) are duly and validly issued and are fully paid and non-assessable (if applicable), and, other than
the Equity Interests of Holdings, are owned by Holdings, directly or indirectly through Wholly Owned Subsidiaries. All Equity Interests of Delaware City and Paulsboro are owned directly by Holdings. Each Loan Party is the record and beneficial owner
of, and has good and marketable title to, the Equity Interests pledged by it under the Security Agreements, free of any and all Liens, rights or claims of other persons, except the security interest created by the Security Agreements and Permitted
Liens, and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any
such Equity Interests. 
 (b) No Consent of Third Parties Required. Except for any consent which has been obtained or
made and is in full force and effect, no consent of any person including any other general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary from the perspective of
a secured party in connection with the creation, perfection or priority (subject to, and as described in, the Intercreditor Agreements) status of the security interest of the Administrative Agent in any Equity Interests pledged to the Administrative
Agent for the benefit of the Secured Parties under the Security Agreements or the exercise by the Administrative Agent of the voting or other rights provided for in the Security Agreements or the exercise of remedies in respect thereof. 

SECTION 3.08 Litigation; Compliance with Laws. 
 Except as set forth on Schedule 3.08, there are no actions, suits or proceedings at law or in equity by or before any Governmental Authority now pending or, to the knowledge of any Company,
threatened in writing against or affecting any Company or any business, property or rights of any Company (i) that involve any Loan Document or any of the Transactions or (ii) as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. Except for matters covered by Section 3.18, no Company or any of its property is in
violation of, nor will the continued operation of its property as currently conducted violate, any Requirements of Law (including any zoning or building ordinance, code or approval or any building permits) or any restrictions of record or agreements
affecting any Company’s Real Property or is in default with respect to any Requirement of Law, where such violation or default, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 

  
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 SECTION 3.09 [Reserved]. 

SECTION 3.10 Federal Reserve Regulations. 
 No Company is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. No part of the proceeds of any Loan or any
Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that violates the provisions of Regulation T, U or X. The pledge of the Securities Collateral pursuant to the
Security Documents does not violate such regulations. 
 SECTION 3.11 Investment Company Act. 

No Company is an “investment company” or a company “controlled” by an “investment company,” as defined in
and subject to registration under, or is subject to regulation under, the Investment Company Act of 1940, as amended. 

SECTION 3.12 Use of Proceeds. 
 Borrowers will use the proceeds of the Revolving Loans and Swingline Loans made during the Revolving Availability Period, on the A&R Effective Date and thereafter, for working capital and general
corporate purposes (including providing credit support (i.e. supporting letters of credit or cash collateral) in respect of Commodity Hedging Agreements and payments to counterparties thereunder, entered into consistent with prudent industry
practice). 
 SECTION 3.13 Taxes. 
 Each Company has (a) timely filed or caused to be timely filed all federal Tax Returns and all material state, local and foreign Tax Returns required to have been filed by it and all such Tax Returns
are true and correct in all material respects, (b) duly and timely paid, collected or remitted or caused to be duly and timely paid, collected or remitted all Taxes (whether or not shown on any Tax Return) due and payable, collectible or
remittable by it and all assessments received by it, except Taxes (i) that are being contested in good faith by appropriate proceedings and for which such Company has set aside on its books adequate reserves in accordance with GAAP or
(ii) which could not, individually or in the aggregate, have a Material Adverse Effect and (c) satisfied all of its withholding tax obligations except for failures that could not be reasonably expected to, individually or in the aggregate,
result in a Material Adverse Effect. Each Company has made adequate provision in accordance with GAAP for all material Taxes not yet due and payable. Each Company is unaware of any proposed or pending tax assessments, deficiencies or audits that
could be reasonably expected to, individually or in the aggregate, result in a Material Adverse Effect. Except as could not be reasonably expected to, individually or in the aggregate, result in a Material Adverse Effect, no Company has ever
“participated” in a “listed transaction” within the meaning of Treasury Regulation Section 1.6011-4. 

SECTION 3.14 No Material Misstatements. 
 No written information, report, financial statement, certificate, Borrowing Request, LC Request, exhibit or schedule furnished by or on behalf of any Company to the Administrative Agent or

  
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any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, taken as a whole, contained or contains any material misstatement of fact or
omitted or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading in any material respect as of the date such information is dated or certified;
provided that to the extent any such written information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast or projection (including pro forma financial information), each Company represents only that
it acted in good faith and utilized assumptions believed to be reasonable at the time of such preparation and due care in the preparation of such information, report, financial statement, exhibit or schedule, it being understood that such
projections or forecasts may vary from actual results and that such variances may be material. 
 SECTION 3.15 Labor
Matters. 
 As of the Closing Date, there are no strikes, lockouts or slowdowns against any Company pending or, to the
knowledge of any Company, threatened. The hours worked by and payments made to employees of any Company have not been in violation of the Fair Labor Standards Act of 1938, as amended, or any other applicable federal, state, local or foreign law
dealing with such matters in any manner which could reasonably be expected to result in a Material Adverse Effect. All payments due from any Company, or for which any claim may be made against any Company, on account of wages and employee health and
welfare insurance and other benefits, have been paid or accrued as a liability on the books of such Company except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect. The consummation of the
Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which any Company is bound. 

SECTION 3.16 Solvency. 
 Immediately after the consummation of the Transactions to occur on the A&R Effective Date and immediately following the making of each Loan and after giving effect to the application of the proceeds
of each Loan, (a) the sum of the present fair saleable value of the assets of the Loan Parties on a consolidated basis, on a going concern basis, is greater than the total amount of liabilities (including contingent and unliquidated
liabilities) of the Loan Parties on a consolidated basis as they become absolute and matured, the amount of contingent or unliquidated liabilities having been computed at an amount that, in light of all of the facts and circumstances existing at the
A&R Effective Date, represents the amount that can reasonably be expected to become an actual or matured liability; (b) the Loan Parties do not, on a consolidated basis, have unreasonably small capital in relation to their business; and
(c) the Loan Parties, on a consolidated basis, have not incurred, do not intend to incur, and do not believe they will incur, debts beyond their ability to pay such debts as such debts mature in the ordinary course of business. 

SECTION 3.17 Employee Benefit Plans. 
 (a) Except as could not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect, (i) each Company and its ERISA Affiliates is in compliance with the
applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder; (ii) no ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, could
reasonably be expected to result in any liability of any Company or the imposition of a Lien on any of the property of any Company; (iii) the present value of all accumulated benefit obligations (based on the assumptions used for purposes of
Statement of Financial Accounting 

  
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Standards No. 87) of each Plan did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the property of such Plan;
(iv) and using actuarial assumptions and computation methods consistent with subpart I of subtitle E of Title IV of ERISA, no Company would have liability to any Multiemployer Plan in the event of a complete withdrawal therefrom, as of the
close of the most recent fiscal year of such Multiemployer Plan. 
 (b) Except as could not reasonably be expected to result,
individually or in the aggregate, in a Material Adverse Effect, and to the extent applicable, (i) each Foreign Plan has been maintained in substantial compliance with its terms and with the requirements of any and all applicable Requirements of
Law and has been maintained, where required, in good standing with applicable regulatory authorities; (ii) no Company has incurred any material obligation in connection with the termination of or withdrawal from any Foreign Plan; (iii) the
present value of the accrued benefit liabilities (whether or not vested) under each Foreign Plan which is funded, determined as of the end of the most recently ended fiscal year of the respective Company on the basis of actuarial assumptions, each
of which is reasonable, did not exceed the current value of the property of such Foreign Plan; and (iv) for each Foreign Plan which is not funded, the obligations of such Foreign Plan are properly accrued. 

SECTION 3.18 Environmental Matters. 
 (a) Except as set forth in Schedule 3.18 or except in the event of (i) through (v) below, inclusive, as, individually or in the aggregate, could not reasonably be expected
to result in a Material Adverse Effect: 
 (i) The Companies and their businesses, operations and Real Property
are in compliance with, and the Companies have no liability under, any applicable Environmental Law; and under the currently effective business plan of the Companies, no expenditures or operational adjustments will be required in order to comply
with applicable Environmental Laws during the next five years; 
 (ii) The Companies have obtained all
Environmental Permits required for the conduct of their businesses and operations, and the ownership, operation and use of their property, under Environmental Law, all such Environmental Permits are valid and in good standing and, under the
currently effective business plan of the Companies, no expenditures or operational adjustments which are not provided for in such business plan will be required in order to renew or modify such Environmental Permits during the next five years;

 (iii) There has been no Release or threatened Release of Hazardous Material on, at, under or from any
Real Property or facility presently or formerly owned, leased or operated by the Companies or their predecessors in interest that could result in liability by the Companies under any applicable Environmental Law; 

(iv) There is no Environmental Claim pending or, to the knowledge of the Companies, threatened against the Companies,
or relating to the Real Property currently or formerly owned, leased or operated by the Companies or their predecessors in interest or relating to the operations of the Companies, and there are no actions, activities, circumstances, conditions,
events or incidents that could form the basis of such an Environmental Claim; and 

  
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 (v) No Person with an indemnity or contribution obligation to the Companies
relating to compliance with or liability under Environmental Law is in default with respect to such obligation. 
 (b) Except as
set forth in Schedule 3.18 or except, in the case of (i) through (v) below, inclusive, as individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect: 

(i) No Company is obligated to perform any action or otherwise incur any expense under Environmental Law pursuant to any
order, decree, judgment or agreement by which it is bound or has assumed by contract, agreement or operation of law, and no Company is conducting or financing any Response pursuant to any Environmental Law with respect to any Real Property or any
other location; 
 (ii) No Real Property or facility owned, operated or leased by the Companies and, to the
knowledge of the Companies, no Real Property or facility formerly owned, operated or leased by the Companies or any of their predecessors in interest is (i) listed or proposed for listing on the National Priorities List promulgated pursuant to
CERCLA or (ii) listed on the Comprehensive Environmental Response, Compensation and Liability Information System promulgated pursuant to CERCLA or (iii) included on any similar list maintained by any Governmental Authority including any
such list relating to petroleum; 
 (iii) No Lien has been recorded or, to the knowledge of any Company,
threatened under any Environmental Law with respect to any Real Property or other assets of the Companies; 

(iv) The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
hereby will not require any notification, registration, filing, reporting, disclosure, investigation, remediation or cleanup pursuant to any Governmental Real Property Disclosure Requirements or any other applicable Environmental Law; and

 (v) The Companies have made available to the Lenders all material records and files in the possession,
custody or control of, or otherwise reasonably available to, the Companies concerning compliance with or liability under Environmental Law, including those concerning the actual or suspected existence of Hazardous Material at Real Property or
facilities currently or formerly owned, operated, leased or used by the Companies. 
 SECTION 3.19 Insurance.

 Schedule 3.19 sets forth a true, complete and correct description of all insurance maintained by each Company as of
the A&R Effective Date. All insurance maintained by the Companies is in full force and effect, all premiums have been duly paid, and no Company has received notice of any material violation or cancellation thereof. Each Company has insurance in
such amounts and covering such risks and liabilities as are customary for companies of a similar size engaged in similar businesses in similar locations. 
 SECTION 3.20 Security Documents. 
 (a) Security Agreements.
The Security Agreements are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties, legal, valid and enforceable (except as 

  
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enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of
equity, regardless of whether considered in a proceeding in equity or at law) Liens on, and security interests in, the Security Agreement Collateral to the extent that a legal, valid and enforceable Lien in such Security Agreement Collateral may be
created under any applicable law of the United States or any state thereof , including, without limitation, the applicable UCC and, except as set forth in clauses (b) and (c) of this Section 3.20(a), when (i) financing
statements and other filings in appropriate form are filed in the offices specified on Schedule 7 to the Perfection Certificates with payment of any associated filing fee and (ii) upon the taking of possession or control by the
Administrative Agent of the Security Agreement Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Administrative Agent to the extent possession or
control by the Administrative Agent is required by each Security Agreement), the Liens created by the Security Agreements shall constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors in the
Security Agreement Collateral (other than such Security Agreement Collateral in which a security interest cannot be perfected under the UCC as in effect at the relevant time in the relevant jurisdiction), in each case subject to no Liens other than
Permitted Liens. 
 (b) PTO Filing; Copyright Office Filing. When each Security Agreement or a short form thereof is
filed along with payment of any associated filing fee in the United States Patent and Trademark Office and the United States Copyright Office and the applicable UCC filings are made along with payment of any associated filing fee, the Liens created
by such Security Agreement shall constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors thereunder in Patents (as defined in the Security Agreement) that constitute the Security Agreement
Collateral and are owned by any Loan Party and issued or applied for with the United States Patent and Trademark Office or Copyrights (as defined in such Security Agreement) that constitute the Security Agreement Collateral and are owned by any Loan
Party and registered or applied for with the United States Copyright Office, as the case may be, in each case subject to no Liens other than Permitted Liens. For the avoidance of doubt, no filings in connection with any intellectual property
(including Intellectual Property) other than filings with the United States Patent and Trademark Office and the United States Copyright Office are required. 
 (c) [Reserved]. 
 (d) Valid Liens. Each Security Document delivered
pursuant to Sections 5.10 and 5.11 will, upon execution and delivery thereof, be effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, legal, valid and enforceable (except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at
law) Liens on, and security interests in, all of the Loan Parties’ right, title and interest in and to the Collateral thereunder, to the extent that a legal, valid and enforceable Lien in such Collateral may be created under any applicable law
of the United States or any state thereof , including, without limitation, the applicable UCC, and (i) when all appropriate filings or recordings are made in the appropriate offices as may be required under applicable law and (ii) upon the
taking of possession or control by the Administrative Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Administrative Agent to the
extent required by any Security Document), such Security Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in such Collateral (other than such Collateral in which a
security interest cannot be perfected under the UCC as in effect at the relevant time in the relevant jurisdiction), in each case subject to no Liens other than the applicable Permitted Liens. 

  
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 SECTION 3.21 Anti-Terrorism Laws. 

(a) No Loan Party, none of its Subsidiaries and, to the knowledge of each Loan Party, none of its Affiliates and none of the respective
officers, directors, brokers or agents of such Loan Party, such Subsidiary or Affiliate (i) has violated or is in violation of Anti-Terrorism Laws or (ii) has engaged or engages in any transaction, investment, undertaking or activity that
conceals the identity, source or destination of the proceeds from any category of offenses designated in the “Forty Recommendations” and “Nine Special Recommendations” published by the Organisation for Economic Co-operation and
Development’s Financial Action Task Force on Money Laundering. 
 (b) No Loan Party, none of its Subsidiaries and, to the
knowledge of each Loan Party, none of its Affiliates and none of the respective officers, directors, brokers or agents of such Loan Party, such Subsidiary or such Affiliate is acting or benefiting in any capacity in connection with the Loans is an
Embargoed Person. 
 (c) No Loan Party, none of its Subsidiaries and, to the knowledge of each Loan Party, none of its
Affiliates and none of the respective officers, directors, brokers or agents of such Loan Party, such Subsidiary or such Affiliate acting or benefiting in any capacity in connection with the Loans (i) conducts any business or engages in making
or receiving any contribution of funds, goods or services to or for the benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any
Anti-Terrorism Law or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

SECTION 3.22 Location of Material Inventory. 
 Schedule 3.22 sets forth, as of the A&R Effective Date, all locations in the United States where the aggregate value of hydrocarbon Inventory owned by the Borrowers exceeds $5,000,000.

 SECTION 3.23 Accuracy of Borrowing Base. 

At the time any Borrowing Base Certificate is delivered pursuant to this Agreement, the Accounts and the items of hydrocarbon Inventory
included in the calculation of the Borrowing Base satisfy in all material respects the criteria for Eligible Accounts and Eligible Hydrocarbon Inventory. 
 ARTICLE IV 
 CONDITIONS TO CREDIT EXTENSIONS 

SECTION 4.01 Conditions to Closing. 

This Agreement shall become effective, subject to satisfaction or waiver of the following conditions:  

(a) Loan Documents. All legal matters incident to this Agreement and the other Loan Documents shall be satisfactory to the
Lenders, to the Issuing Bank and to the Administrative Agent 

  
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and there shall have been delivered to the Administrative Agent with respect to each applicable Loan Party an executed counterpart of (A) a reaffirmation of each Existing Security Document,
and (B) each other applicable Loan Document. 
 (b) Corporate Documents. The Administrative Agent shall have
received: 
 (i) a certificate of the secretary or assistant secretary of each Loan Party dated the A&R
Effective Date, certifying (A) that attached thereto is a true and complete copy of each Organizational Document of such Loan Party certified (to the extent applicable) as of a recent date by the Secretary of State of the state of its
organization, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such person is a
party and the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect and (C) as to the incumbency and specimen signature of each officer executing any Loan Document or any
other document delivered in connection herewith on behalf of such Loan Party (together with a certificate of another officer as to the incumbency and specimen signature of the secretary or assistant secretary executing the certificate in this
clause (i)); and 
 (ii) a certificate as to the good standing of each Loan Party (in so-called
“long-form” if available) as of a recent date, from such Secretary of State (or other applicable Governmental Authority); and 
 (c) Opinion of Counsel. The Administrative Agent shall have received, on behalf of itself, the other Agents, the Joint Lead Arrangers, the Lenders and the Issuing Bank, a favorable written opinion
of Kirkland & Ellis LLP, special counsel for the Loan Parties (i) dated the A&R Effective Date, (ii) addressed to the Agents, the Issuing Bank and the Lenders and (iii) covering the matters set forth in Exhibit N
and such other matters relating to the Loan Documents as the Administrative Agent shall reasonably request. 
 (d) Solvency
Certificate. The Administrative Agent shall have received a solvency certificate in the form of Exhibit O, dated the A&R Effective Date and signed by the chief financial officer or chief executive officer of Borrowers. 

(e) Fees. The Joint Lead Arrangers and Administrative Agent shall have received all Fees and other amounts due and payable on or
prior to the A&R Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses (including the reasonable and documented out-of-pocket legal fees and expenses of Winston & Strawn
LLP, special counsel to the Administrative Agent, and the reasonable and documented out-of-pocket fees and expenses of any local counsel, foreign counsel, appraisers, consultants and other advisors) required to be reimbursed or paid by Borrowers
hereunder or under any other Loan Document. 
 (f) [Reserved]. 

(g) [Reserved]. 
 (h) [Reserved]. 

  
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 (i) Officers’ Certificate. The Administrative Agent shall have received a
certificate, dated the A&R Effective Date and signed by the chief executive officer and the chief financial officer of Administrative Borrower, confirming compliance with the conditions precedent set forth in this Section 4.01.

 SECTION 4.02 Conditions to Initial Credit Extension. 

The obligation of each Lender and, if applicable, each Issuing Bank to fund the initial Credit Extension on and after the commencement of
the Revolving Availability Period requested to be made by it shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 4.02: 

(a) Officers’ Certificate. The Administrative Agent shall have received a certificate, dated the date of the initial
Credit Extension and signed by the chief executive officer and the chief financial officer of Administrative Borrower, confirming compliance with the conditions precedent set forth in this Section 4.02 and Sections 4.03(b),
(d) and (e). 
 (b) Minimum Liquidity. The Borrowers shall have demonstrated to the reasonable
satisfaction of the Administrative Agent that, after giving effect to the Transactions, the sum of (i) Excess Availability plus (ii) (without double counting any cash and Cash Equivalents included in the Borrowing Base pursuant to clause
(d) of the definition of “Borrowing Base”) cash and Cash Equivalents of the Borrowers exceeds 20.0% of the total amount of the Borrowing Base then in effect. 
 SECTION 4.03 Conditions to All Credit Extensions. 
 The obligation
of each Lender and each Issuing Bank to make any Credit Extension (including the initial Credit Extension) shall be subject to, and to the satisfaction of, each of the conditions precedent set forth below. 

(a) Notice. The Administrative Agent shall have received a Borrowing Request as required by
Section 2.03 (or such notice shall have been deemed given in accordance with Section 2.03) if Loans are being requested or, in the case of the issuance, amendment, extension or renewal of a Letter of Credit, the Issuing Bank
and the Administrative Agent shall have received an LC Request as required by Section 2.18(b) or, in the case of the Borrowing of a Swingline Loan, the Swingline Lender and the Administrative Agent shall have received a Borrowing Request
as required by Section 2.17(b). 
 (b) No Default. No Default shall have occurred and be
continuing on such date or would result from the making of any such Credit Extension. 
 (c) Representations
and Warranties. Each of the representations and warranties made by any Loan Party set forth in Article III hereof or in any other Loan Document shall be true and correct in all material respects (except that any representation and
warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects) on and as of the date of such Credit Extension with the same effect as though made on and as of such date,
except to the extent such representations and warranties expressly relate to an earlier date; provided, however, that this condition shall not apply to any request for the amendment of a Letter of Credit for purposes of decreasing its
face amount. 

  
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 (d) Borrowing Base. After giving effect to such Credit Extension the
sum of the total Revolving Exposures shall not exceed the lesser of (A) the total Revolving Commitments and (B) the Borrowing Base then in effect. 
 (e) No Legal Bar. No order, judgment or decree of any Governmental Authority shall purport to restrain any Lender from making any Loans to be made by it. No injunction or other restraining order
shall have been issued with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated by this Agreement or the
making of Loans hereunder. 
 (f) USA PATRIOT Act. With respect to Letters of Credit issued for the
account of a Subsidiary only, the Lenders and the Administrative Agent shall have timely received the information required under Section 10.13. 
 Each of the delivery of a Borrowing Request or an LC Request and the acceptance by Borrowers of the proceeds of such Credit Extension shall constitute a representation and warranty by Borrowers and each
other Loan Party that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the conditions contained in Sections 4.03(b)-(e) have been
satisfied. 
 SECTION 4.04 Conditions to Initial Credit Extension to an Eligible Subsidiary. 

The obligation of each Lender and each Issuing Bank to make the initial Credit Extension to an Eligible Subsidiary shall be subject to,
and to the satisfaction of, each of the conditions precedent set forth below and thereupon, such Eligible Subsidiary shall become a “Borrower” for purposes of this Agreement and the Loan Documents. 

(a) Opinion of Counsel. The Administrative Agent shall have received, on behalf of itself, the other Agents, the
Joint Lead Arrangers, the Lenders and the Issuing Bank, a favorable written opinion of (i) a special counsel for such Eligible Subsidiary reasonably acceptable to Administrative Agent (it being acknowledged and agreed that Kirkland &
Ellis LLP shall be reasonably acceptable to Administrative Agent), (A) dated the date of the proposed initial Credit Extension to such Eligible Subsidiary (each, an “Initial Borrowing Date”), (B) addressed to the Agents,
the Issuing Bank and the Lenders and (C) covering the matters set forth in Exhibit 4.01(e) and such other matters relating to the Loan Documents as the Administrative Agent shall reasonably request. 

(b) Corporate Documents. The Administrative Agent shall have received: 

(i) a certificate of the secretary or assistant secretary of such Eligible Subsidiary dated the Initial Borrowing
Date, certifying (A) that attached thereto is a true and complete copy of each Organizational Document of such Eligible Subsidiary certified (to the extent applicable) as of a recent date by the Secretary of State of the state of its
organization, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Eligible Subsidiary authorizing the execution, delivery and performance of the Loan Documents to which such person
is a party and the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended 

  
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and are in full force and effect and (C) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document delivered in connection herewith on
behalf of such Eligible Subsidiary (together with a certificate of another officer as to the incumbency and specimen signature of the secretary or assistant secretary executing the certificate in this clause (i)); 

(ii) a certificate as to the good standing of such Eligible Subsidiary (in so-called “long-form” if
available) as of a recent date, from such Secretary of State (or other applicable Governmental Authority); and 

(iii) such other documents as the Lenders, the Issuing Bank or the Administrative Agent may reasonably request.

 (c) USA PATRIOT Act. The Lenders and the Administrative Agent shall have timely received the
information required under Section 10.13. 
 (d) To the extent that such Eligible Subsidiary was not a Loan Party
prior to becoming a Borrower under this Agreement, the conditions of Sections 4.01(h) and (i) and Section 5.10 shall have been satisfied with respect to such Eligible Subsidiary. 

ARTICLE V 

AFFIRMATIVE COVENANTS 
 Each Loan Party covenants and agrees that so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all
other expenses or amounts payable under any Loan Document shall have been paid in full (other than Unasserted Contingent Obligations) and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed
in full (or been cash collateralized or backstopped in a manner reasonably satisfactory to the Administrative Agent and the Issuing Bank), unless the Required Lenders shall otherwise consent in writing, each Loan Party will, and will cause each of
its Subsidiaries (other than Excluded Subsidiaries) to: 
 SECTION 5.01 Financial Statements, Reports, etc.

 Furnish to the Administrative Agent for prompt distribution to each Lender: 

(a) Annual Reports. As soon as available and in any event within 120 days after the end of each fiscal year (or
such earlier date on which Holdings is required to file a Form 10-K under the Exchange Act): (i) the consolidated balance sheet of Holdings as of the end of such fiscal year and related consolidated statements of income, cash flows and
stockholders’ equity for such fiscal year, in comparative form with such financial statements as of the end of, and for, the preceding fiscal year, and notes thereto, accompanied by an opinion of Deloitte & Touche LLP or other
independent public accountants of recognized national standing reasonably satisfactory to the Administrative Agent (which opinion shall not be qualified as to scope or contain any going concern or other qualification, other than any going concern or
other qualification with respect to the regularly scheduled maturity date of the Revolving Commitments), stating that such financial statements fairly present, in all material respects, the consolidated financial condition, results of

  
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operations and cash flows of Holdings as of the dates and for the periods specified in accordance with GAAP consistently applied; (ii) a management report in a form reasonably satisfactory
to the Administrative Agent setting forth (A) statement of income items and Consolidated EBITDA of Holdings for such fiscal year, showing variance, by dollar amount and percentage, from amounts for the previous fiscal year and budgeted amounts
and (B) key operational information and statistics for such fiscal year consistent with internal and industry-wide reporting standards; and (iii) a narrative report and management’s discussion and analysis, in a form reasonably
satisfactory to the Administrative Agent, of the financial condition and results of operations of Holdings for such fiscal year, as compared to amounts for the previous fiscal year and budgeted amounts (it being understood that the information
required by clause (i) may be furnished in the form of a Form 10-K); 
 (b) Quarterly
Reports. As soon as available and in any event within 45 days (or such earlier date on which Holdings is required to file a Form 10-Q under the Exchange Act) after the end of each of the first three fiscal quarters of each fiscal year, beginning
with the fiscal quarter ending September 30, 2012, (i) the consolidated balance sheet of Holdings as of the end of such fiscal quarter and related consolidated statements of income and cash flows for such fiscal quarter and for the then
elapsed portion of the fiscal year, in comparative form with the consolidated statements of income and cash flows for the comparable periods in the previous fiscal year (provided that with respect to any fiscal quarter that ends on or prior to
December 17, 2011, the foregoing requirement that such financial statements be presented in comparative form shall only apply to the extent financial statements of Holdings or Paulsboro exist for such comparable periods in the previous fiscal
year), and notes thereto, and accompanied by a certificate of a Financial Officer stating that such financial statements fairly present, in all material respects, the consolidated financial condition, results of operations and cash flows of Holdings
as of the date and for the periods specified therein in accordance with GAAP consistently applied, and on a basis consistent with audited financial statements referred to in clause (a) of this Section, subject to normal year-end audit
adjustments and the absence of footnote disclosures and (ii) a narrative report and management’s discussion and analysis, in a form reasonably satisfactory to the Administrative Agent, of the financial condition and results of operations
for such fiscal quarter and the then elapsed portion of the fiscal year, as compared to the comparable periods in the previous fiscal year and budgeted amounts (it being understood that the information required by clause (i) may be
furnished in the form of a Form 10-Q); 
 (c) Monthly Reports. Within 30 days after the end of each
of the first two months of each fiscal quarter, beginning with October 31, 2012, the consolidated balance sheet of Holdings as of the end of each such month and the related consolidated statements of income and cash flows of Holdings for such
month and for the then elapsed portion of the fiscal year, accompanied by a certificate of a Financial Officer stating that such financial statements fairly present, in all material respects, the consolidated results of operations and cash flows of
Holdings as of the date and for the periods specified therein in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnote disclosures; 

(d) Financial Officer’s Certificate. Concurrently with any delivery of financial statements under
Section 5.01(a), (b) or (c), a Compliance Certificate certifying that no Default has occurred or, if such a Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be
taken with respect thereto and which Compliance Certificate shall, in the case of any Compliance Certificate delivered in connection with financial statements delivered under Section 5.01(a) or Section 5.01(b), include a
calculation of the Consolidated Fixed Charge Coverage Ratio; 

  
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 (e) Financial Officer’s Certificate Regarding Collateral.
Concurrently with any delivery of financial statements under Section 5.01(a), a certificate of a Financial Officer setting forth the information required pursuant to the Perfection Certificate Supplement or confirming that there has been
no change in such information since the dates of the Perfection Certificates or latest Perfection Certificate Supplement; 
 (f) Public Reports. Promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by any Company with the Securities
and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange; 
 (g) Management Letters. Promptly after the receipt thereof by any Company, a copy of any “management letter” received by any such person from its certified public accountants and the
management’s responses thereto; 
 (h) Budgets. Within 90 days after the beginning of each
fiscal year, a budget for Holdings in form reasonably satisfactory to the Administrative Agent, but to include a balance sheet, statement of income and sources and uses of cash, for such fiscal year prepared in detail with appropriate presentation
and discussion of the principal assumptions upon which such budget is based, accompanied by the statement of a Financial Officer of Holdings to the effect that the budget of Holdings is a reasonable estimate for the periods covered thereby and has
been prepared in good faith on the basis of assumptions stated therein, which such assumptions were believed to be reasonable at the time of preparation of such budget, it being understood that actual results may vary from the budget and such
variances may be material; 
 (i) Organization. Concurrently with any delivery of financial
statements under Section 5.01(a), confirmation that there are no changes to Schedule 10(a) to the Perfection Certificates; 
 (j) Organizational Documents. Promptly provide copies of any Organizational Documents that have been amended or modified in accordance with the terms hereof and deliver a copy of any notice of
default given or received by any Company under any Organizational Document within 15 days after such Company gives or receives such notice; and 
 (k) Other Information. Promptly, from time to time, such other information regarding the operations, business affairs and financial condition of any Company, or compliance with the terms of
any Loan Document, as the Administrative Agent or any Lender may reasonably request. 
 SECTION 5.02 Litigation and Other
Notices. 
 Furnish to the Administrative Agent written notice of the following promptly (and, in any event, within five
(5) Business Days of the occurrence thereof): 
 (a) any Default, specifying the nature and extent thereof
and the corrective action (if any) taken or proposed to be taken with respect thereto; 

  
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 (b) the filing or commencement of, or any written threat or notice of
intention of any person to file or commence, any action, suit, litigation or proceeding, whether at law or in equity by or before any Governmental Authority, (i) against any Company or any Subsidiary that could reasonably be expected to result
in a Material Adverse Effect or (ii) with respect to any Loan Document; 
 (c) any development that has
resulted in, or could reasonably be expected to result in a Material Adverse Effect; and 
 (d) the
occurrence of a Casualty Event (i) to any portion of Revolving Credit Priority Collateral in excess of $15,000,000 or (ii) to any portion of Collateral of any type whatsoever in excess of $25,000,000. 

SECTION 5.03 Existence; Businesses and Properties. 

(a) Do or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence, except as
otherwise expressly permitted under Section 6.05 or Section 6.06 or, in the case of any Subsidiary, where the failure to perform such obligations, individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect. 
 (b) Do or cause to be done all things reasonably necessary to obtain, preserve, renew, extend
and keep in full force and effect the rights, licenses, permits, privileges, franchises and authorizations material to the conduct of its business; maintain and renew patents, copyrights, trademarks and trade names material to the conduct of its
business; maintain and operate such business in substantially the manner in which it is presently conducted and operated; comply with all applicable Requirements of Law (including any and all zoning, building, Environmental Law, ordinance, code or
approval or any building permits or any restrictions of record or agreements affecting the Real Property) and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, except where the failure to comply,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; pay and perform its material obligations under all Leases and Transaction Documents; and at all times maintain, preserve and protect all
property material to the conduct of such business and keep such property in good repair, working order and condition (other than wear and tear occurring in the ordinary course of business and casualty and condemnation) and from time to time make, or
cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times, except where the failure to
do so could not reasonably be expected to have a Material Adverse Effect; provided that nothing in this Section 5.03(b) shall prevent (i) sales of property, consolidations or mergers by or involving any Company or Excluded
Subsidiary in accordance with Section 6.05 or Section 6.06; (ii) the withdrawal by any Company or Excluded Subsidiary of its qualification as a foreign legal entity in any jurisdiction where such withdrawal, individually
or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; or (iii) the abandonment by any Company of any rights, franchises, licenses, trademarks, trade names, copyrights or patents that such person
reasonably determines are not useful to its business or no longer commercially desirable. 
 SECTION 5.04
Insurance. 
 (a) Generally. Keep its insurable property adequately insured at all times by financially sound
and reputable insurers; maintain such other insurance, to such extent and against such risks 

  
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as is customary with companies in the same or similar businesses operating in the same or similar locations, including insurance with respect to properties material to the business of the
Companies against such casualties and contingencies and of such types and in such amounts with such deductibles as is customary in the case of similar businesses operating in the same or similar locations. 

(b) Requirements of Insurance. All such insurance shall (i) provide that no cancellation, material reduction in amount or
material change in coverage thereof shall be effective until at least 30 days after receipt by the Administrative Agent of written notice thereof or as otherwise reasonably acceptable to the Administrative Agent, (ii) name the Administrative
Agent as mortgagee (in the case of property insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of property insurance), as applicable, (iii) if reasonably requested
by the Administrative Agent, include a breach of warranty clause and (iv) be reasonably satisfactory in all other respects to the Administrative Agent. 
 (c) Notice to Agents. Notify the Administrative Agent and the Co-Collateral Agents promptly whenever any separate insurance concurrent in form or contributing in the event of loss with that
required to be maintained under this Section 5.04 is taken out by any Company; and promptly deliver to the Administrative Agent and the Co-Collateral Agents a duplicate original copy of such policy or policies. 

(d) [Reserved]. 
 (e) Broker’s Report. Deliver to the Administrative Agent and the Co-Collateral Agents a report of a reputable insurance broker with respect to such insurance and such supplemental reports with
respect thereto as the Administrative Agent or the Co-Collateral Agents may from time to time reasonably request; provided, that absent an Event of Default that has occurred and is continuing, the Administrative Agent and the Co-Collateral
Agents shall not make such request more than once per calendar year. 
 SECTION 5.05 Obligations and Taxes.

 (a) Payment of Obligations. Pay and discharge promptly when due all Taxes, assessments and governmental charges or
levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, services, materials and supplies or otherwise that, if unpaid, give
rise to a Lien other than a Permitted Lien upon such properties or any part thereof; provided that such payment and discharge shall not be required with respect to any such Tax, assessment, charge, levy or claim so long as (x)(i) the validity
or amount thereof shall be contested in good faith by appropriate proceedings timely instituted and diligently conducted and the applicable Company shall have set aside on its books adequate reserves or other appropriate provisions with respect
thereto in accordance with GAAP, (ii) such contest operates to suspend collection of the contested obligation, Tax, assessment or charge and enforcement of a Lien other than a Permitted Lien and (iii) in the case of Collateral, the
applicable Company shall have otherwise complied with the Contested Collateral Lien Conditions or (y) the failure to pay could not reasonably be expected to result in a Material Adverse Effect. 

(b) Filing of Returns. Timely and correctly file all material Tax Returns required to be filed by it. Withhold, collect and remit
all material Taxes that it is required to collect, withhold or remit. 

  
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 SECTION 5.06 Employee Benefits. 

(a) Comply in all material respects with the applicable provisions of ERISA and the Code (except where any failure to comply could not
reasonably be expected to result in a Material Adverse Effect), and (b) furnish to the Administrative Agent (x) as soon as possible after, and in any event within 5 days after any Responsible Officer of any Company or any ERISA Affiliates
of any Company knows or has reason to know that, any ERISA Event has occurred that, alone or together with any other ERISA Event could reasonably be expected to result in liability of the Companies or any of their ERISA Affiliates in an aggregate
amount exceeding $1,000,000 or the imposition of a Lien on the assets of any Loan Party, a statement of a Financial Officer of Administrative Borrower setting forth details as to such ERISA Event and the action, if any, that the Companies propose to
take with respect thereto; (y) upon request by the Administrative Agent, copies of (i) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by any Company or any ERISA Affiliate with the Internal Revenue
Service with respect to each Plan; (ii) the most recent actuarial valuation report for each Plan; (iii) all notices received by any Company or any ERISA Affiliate from a Multiemployer Plan sponsor or any governmental agency concerning an
ERISA Event; and (iv) such other documents or governmental reports or filings relating to any Plan (or employee benefit plan sponsored or contributed to by any Company) as the Administrative Agent shall reasonably request and (z) promptly
following any request therefor, copies of (i) any documents described in Section 101(k) of ERISA that any Company or its ERISA Affiliate may request with respect to any Multiemployer Plan and (ii) any notices described in
Section 101(1) of ERISA that any Company or its ERISA Affiliate may request with respect to any Multiemployer Plan; provided that if any Company or its ERISA Affiliate has not requested such documents or notices from the administrator or
sponsor of the applicable Multiemployer Plan, the applicable Company or ERISA Affiliate shall promptly make a request for such documents or notices from such administrator or sponsor and shall provide copies of such documents and notices promptly
after receipt thereof. 
 SECTION 5.07 Maintaining Records; Access to Properties and Inspections;
Annual Meetings. 
 (a) Keep proper books of record and account in which full, true and correct entries in conformity
with GAAP consistently applied and all Requirements of Law are made of all material dealings and transactions in relation to its business and activities. Upon at least two (2) Business Days prior written notice, each Loan Party will permit any
representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records (other than the records of the Board of Directors) and the property of such Company at reasonable times and as often as reasonably
requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances, accounts and condition of any Loan Party with the
officers and employees thereof and advisors therefor (including independent accountants); provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the
Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 5.07(a) and the Administrative Agent shall not exercise such rights more often than three times during any calendar year absent the existence of
an Event of Default that is continuing, each time to be at the Borrowers’ expense; provided, further that when an Event of Default exists and is continuing, the Administrative Agent or any Lender (or any of their respective
representatives) may do any of the foregoing at the expense of the Borrowers at any time during normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Loan Parties the opportunity to
participate in any discussions with the Borrowers’ advisors (including independent public accountants). Notwithstanding anything to the contrary in this Section 5.07(a), none of the Loan Parties

  
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will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) in respect of which
disclosure to the Administrative Agent or any Lender (or their respective representatives) is prohibited by applicable law or binding agreement or (ii) that is subject to attorney-client privilege or constitutes attorney work product;

 (b) Within 150 days after the end of each fiscal year of the Companies, at the written request of the Administrative
Agent or Required Lenders, hold a meeting which, at Borrowers’ option, may be by conference call (the costs of any such call to be paid by Borrowers), with all Lenders who choose to attend such meeting, at which meeting shall be reviewed the
financial results of the previous fiscal year and the financial condition of the Companies and the budgets presented for the current fiscal year of the Companies. 
 SECTION 5.08 Use of Proceeds. 
 Use the proceeds of the Loans only
for the purposes set forth in Section 3.12 and request the issuance of Letters of Credit only for the purposes set forth in the definition of Commercial Letter of Credit or Standby Letter of Credit, as the case may be. 

SECTION 5.09 Compliance with Environmental Laws; Environmental Reports. 

(a) Except as could not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect, comply, and
cause all lessees and other persons occupying Real Property owned, operated or leased by any Company to comply, in all material respects with all Environmental Laws and Environmental Permits applicable to its operations and Real Property; obtain and
renew all material Environmental Permits applicable to its operations and Real Property; and conduct all Responses required of the Companies by, and in accordance with, Environmental Laws; provided, further that no Company shall be
required to undertake any Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

 (b) If an Event of Default, if any, caused by reason of a breach of Section 3.18 or Section 5.09(a)
shall have occurred and be continuing for more than 30 days without the Companies commencing activities reasonably likely to cure such Event of Default, if any, in accordance with Environmental Laws, at the written request of the Administrative
Agent or the Required Lenders through the Administrative Agent, provide to the Lenders within 60 days after such request, at the expense of Borrowers, an environmental assessment report regarding the matters which are the subject of such Event of
Default, including, where appropriate, soil and/or groundwater sampling, prepared by an environmental consulting firm and, in the form reasonably acceptable to the Administrative Agent and indicating the presence or absence of Hazardous Materials
and the estimated cost of any compliance or Response to address them. 
 SECTION 5.10 Additional Collateral; Additional
Guarantors. 
 (a) Subject to the terms of the Intercreditor Agreements and this Section 5.10, with respect
to any property acquired after the Closing Date by any Loan Party (which, for the avoidance of doubt, does not include assets held by, or any Equity Interests issued by, any Excluded Subsidiary) that is intended to be subject to the Lien created by
any of the Security Documents but is not so subject, promptly (and in any event within 30 days after the acquisition thereof (or such longer period of time not to exceed 

  
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an additional 30 days as may be permitted by written consent by Administrative Agent)) (i) execute and deliver to the Administrative Agent and the Co-Collateral Agents such amendments or
supplements to the relevant Security Documents or such other documents as the Administrative Agent or the Co-Collateral Agents shall deem reasonably necessary or advisable to grant to the Administrative Agent, for its benefit and for the benefit of
the other Secured Parties, a Lien on such property subject to no Liens other than Permitted Liens, and (ii) take all actions necessary to cause such Lien to be duly perfected to the extent required by such Security Document in accordance with
all applicable Requirements of Law, including the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent. Borrowers shall otherwise take such actions and execute and/or deliver to the
Administrative Agent such documents as the Administrative Agent or the Co-Collateral Agents shall require to confirm the validity, perfection and priority of the Lien of the Security Documents on such after-acquired properties. 

(b) Subject to the terms of the Intercreditor Agreements and the Administrative Borrower’s election under Section 5.18,
with respect to any person that is or becomes a Subsidiary (other than an Excluded Subsidiary) after the Closing Date, promptly (and in any event within 30 days after such person becomes a Subsidiary) (or such longer period of time not to exceed an
additional 30 days as may be permitted by written consent by Administrative Agent) cause such new Domestic Subsidiary (other than an Excluded Subsidiary) (A) to execute a Joinder Agreement or such comparable documentation to become a Subsidiary
Guarantor (or Borrower, in the case of Eligible Subsidiaries) and a joinder agreement to the applicable Security Agreement, substantially in the form annexed thereto, and (B) to take all actions reasonably necessary or advisable in the opinion
of the Administrative Agent or the Co-Collateral Agents to cause the Lien created by the applicable Security Agreement to be duly perfected to the extent required by such agreement in accordance with all applicable Requirements of Law, including the
filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent or the Co-Collateral Agents. Notwithstanding the foregoing, no Foreign Subsidiary or any Domestic Subsidiary which holds as its only
assets the Equity Interests of a Foreign Subsidiary shall be required to take the actions specified in this Section 5.10(b). 
 (c) [Reserved]. 
 (d) [Reserved]. 

(e) Notwithstanding anything in this Agreement or any Security Document to the contrary, this Section 5.10 (i) applies
to Toledo and its assets and (ii) applies to the other Loan Parties and their assets, in each case, solely as to the Revolving Credit Priority Collateral. 
 SECTION 5.11 Security Interests; Further Assurances. 
 Subject to
the terms of the Intercreditor Agreements, promptly, upon the reasonable request of the Administrative Agent or the Co-Collateral Agents, at Borrowers’ expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and
delivery of any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Co-Collateral Agents reasonably necessary or desirable for the continued validity, perfection and
priority of the Liens on the Collateral covered thereby subject to no other Liens except as permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. Notwithstanding
anything in this Agreement or any Security Document to the contrary, except for filings under Article 9 of the UCC and with the United States Patent and 

  
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Trademark Office and the United States Copyright Office, in no event shall any registrations, filings or recordations in connection with any intellectual property (including Intellectual
Property) be required. Deliver or cause to be delivered to the Administrative Agent and the Co-Collateral Agents from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory
to the Administrative Agent and the Co-Collateral Agents as the Administrative Agent and the Co-Collateral Agents shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the
exercise by the Administrative Agent, the Co-Collateral Agents or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any
Governmental Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Co-Collateral Agents or such Lender may reasonably require. If the Administrative Agent, the
Co-Collateral Agents or the Required Lenders determine that they are required by a Requirement of Law to have appraisals prepared in respect of the Real Property of any Loan Party constituting Collateral, Borrowers shall provide to the
Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Co-Collateral
Agents. 
 SECTION 5.12 Information Regarding Collateral. 

(a) Not effect any change (i) in any Loan Party’s legal name, (ii) in the location of any Loan Party’s chief
executive office, (iii) in any Loan Party’s organizational structure, (iv) in any Loan Party’s Federal Taxpayer Identification Number or organizational identification number, if any, or (v) in any Loan Party’s
jurisdiction of organization (in each case, including by merging with or into any other entity, reorganizing, dissolving, liquidating, reorganizing or organizing in any other jurisdiction), until (A) it shall have given the Co-Collateral Agents
and the Administrative Agent not less than 30 days’ prior written notice (in the form of an Officers’ Certificate), or such lesser notice period agreed to by the Administrative Agent, of its intention so to do, clearly describing such
change and providing such other information in connection therewith as the Co-Collateral Agents or the Administrative Agent may reasonably request and (B) it shall have taken all action reasonably satisfactory to the Administrative Agent to
maintain the perfection and priority of the security interest of the Administrative Agent for the benefit of the Secured Parties in the Collateral, if applicable. Each Loan Party agrees to promptly provide the Administrative Agent with certified
Organizational Documents reflecting any of the changes described in the preceding sentence. Each Loan Party also agrees to promptly notify the Administrative Agent of any change in the location of any office in which it maintains books or records
relating to Collateral owned by it or any office or facility at which Collateral is located (including the establishment of any such new office or facility), other than changes in location to a leased property subject to a Landlord Access Agreement.

 (b) Concurrently with the delivery of financial statements pursuant to Section 5.01(a), deliver to the
Administrative Agent and the Co-Collateral Agents a Perfection Certificate Supplement. 

  
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 SECTION 5.13 [Reserved]. 

SECTION 5.14 Affirmative Covenants with Respect to Leases. 

With respect to each Lease, the respective Loan Party shall perform all the obligations required of it under such Lease and enforce all
of the tenant’s obligations thereunder, except where the failure to so perform or enforce could not reasonably be expected to result in a Property Material Adverse Effect. 

SECTION 5.15 Borrowing Base-Related Reports. 
 Borrowers shall deliver or cause to be delivered (at the expense of Borrowers) to the Administrative Agent the following: 
 (a) in no event later than 20 days after the end of each month for the month most recently ended, a Borrowing Base Certificate from Borrowers accompanied by such supporting detail and documentation
as shall be reasonably requested by the Co-Collateral Agents in their reasonable credit judgment; provided, that if Excess Availability is less than or equal to 20% of the Borrowing Base for a period in excess of three (3) continuing
Business Days, then Borrowing Base Certificates shall be delivered on a weekly basis, for each calendar week, no later than Friday of the following calendar week, until Excess Availability shall have exceeded 20% of the Borrowing Base for at least
ten (10) consecutive Business Days. 
 (b) upon request by the Co-Collateral Agents, and in no event later than 30 days
after the end of (i) each month, a monthly trial balance showing Accounts outstanding aged from statement date as follows: 1 to 30 days, 31 to 60 days, 61 to 90 days and 91 days or more, accompanied by a comparison to the prior month’s
trial balance and such supporting detail and documentation as shall be requested by the Administrative Agent or Co-Collateral Agents in their reasonable credit judgment and (ii) each month, a summary of hydrocarbon Inventory by location and
type accompanied by such supporting detail and documentation as shall be reasonably requested by the Co-Collateral Agents in their reasonable credit judgment; 
 (c) at the time of delivery of each of the financial statements delivered pursuant to Sections 5.01(a) and (b) upon the request of the Administrative Agent, a reconciliation of the
Accounts trial balance and quarter-end hydrocarbon Inventory reports of Borrowers to the general ledger of Borrowers, accompanied by such supporting detail and documentation as shall be reasonably requested by the Co-Collateral Agents in their
reasonable credit judgment; and 
 (d) such other reports, statements and reconciliations with respect to the Borrowing
Base or Collateral of any or all Loan Parties as the Administrative Agent or the Co-Collateral Agents shall from time to time request in their reasonable credit judgment. 
 The delivery of each certificate and report or any other information delivered pursuant to this Section 5.15 shall constitute a representation and warranty by Borrowers that the statements and
information contained therein are true and correct in all material respects on and as of such date. 

  
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 SECTION 5.16 Inventory Appraisals. 

Any of the Co-Collateral Agents’ officers, designated employees or agents shall have the right, at any reasonable time or times
subject to the following limitations on prior written notice to Borrowers to conduct field audits of the financial affairs and Collateral of the Loan Parties. The Loan Parties shall cooperate fully with the Administrative Agent or the Co-Collateral
Agents and its agents during all (x) Collateral field audits, which shall be at Borrowers’ expense and shall be conducted, at the request of the Administrative Agent or the Co-Collateral Agents, not more than one (1) time during any
twelve month period, absent an Event of Default that has occurred and is continuing, (y) Inventory Appraisals, which shall be at Borrowers’ expense and shall be conducted, at the request of the Administrative Agent or the Co-Collateral
Agents, not more than one (1) time, during any twelve month period, absent an Event of Default that has occurred and is continuing, or (z) in the case of both Collateral field audits and Inventory Appraisals, following the occurrence and
during the continuation of an Event of Default, more frequently at the Administrative Agent’s or the Co-Collateral Agents’ request; provided, that: (a) if Excess Availability is less than 40% of the lesser of (i) the Borrowing
Base or (ii) the then current aggregate Revolving Commitments of the Lenders for a period in excess of five consecutive Business Days, Agents shall be entitled to two Collateral field audits and Inventory Appraisals annually; and (b) if
Excess Availability is less than 12.5% of the lesser of (i) the Borrowing Base or (ii) the then current aggregate Revolving Commitments of the Lenders for a period in excess of five consecutive Business Days, Agents shall be entitled to
three Collateral field audits and Inventory Appraisals annually; provided, further, that none of the foregoing limitations on the number of Collateral Field audits or Inventory Appraisals shall apply during the continuance of an Event of Default.

 SECTION 5.17 Preservation of Certain Agreements. 

The Loan Parties shall preserve the existence and continuance of the Morgan Stanley Off-Take Agreements and the Oil Supply Agreements, in
each case, as replaced, superseded, amended (including as to changes of counterparties), modified, supplemented or terminated from time to time, in a manner as is not reasonably expected to result in a Material Adverse Effect. 

SECTION 5.18 Designation of Borrowers and Excluded Subsidiaries. 

(a) Administrative Borrower may designate any Eligible Subsidiary as a “Borrower” under this Agreement and the other Loan
Documents by written notice to the Administrative Agent; provided that (i) immediately before and after such designation, no Default or Event of Default shall have occurred and be continuing, (ii) the conditions set forth in
Section 4.04 shall have been satisfied with respect to such Eligible Subsidiary and (iii) immediately before and after giving effect to such designation, Borrowers shall be in compliance, on a Pro Forma Basis, with the covenant set
forth in Section 6.09, to the extent the covenant is then applicable and is being tested. Until such time as the requirements set forth in the preceding clauses (i) through (iii) shall have been satisfied with
respect to such Eligible Subsidiary, such Eligible Subsidiary shall not be a “Borrower” for purposes of this Agreement and the Accounts and hydrocarbon Inventory of such Eligible Subsidiary shall not be counted towards calculating the
Borrowing Base. 
 (b) Administrative Borrower may designate any Domestic Subsidiary acquired or formed after the Closing Date,
within 30 days of the formation or acquisition thereof (or such longer period of time as may be permitted by the Administrative Agent), as an Excluded Subsidiary by written notice to the Administrative Agent; provided that immediately before
and after such designation, no Default or 

  
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Event of Default shall have occurred and be continuing; provided further that such Excluded Subsidiary may be re-designated by Administrative Borrower as a “Subsidiary Guarantor”
upon 10 Business Days (or such shorter period of time as may be permitted by the Administrative Agent) prior written notice to the Administrative Agent as long as the requirements of Section 5.10 are satisfied either before or
concurrently with it becoming a Subsidiary Guarantor. 
 ARTICLE VI 

NEGATIVE COVENANTS 
 Each Loan Party covenants and agrees that, so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all
other expenses or amounts payable under any Loan Document have been paid in full (in each case, other than Unasserted Contingent Obligations) and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been
reimbursed in full, unless the Required Lenders shall otherwise consent in writing, no Loan Party will, nor will they cause or permit any Subsidiaries (other than Excluded Subsidiaries) to: 

SECTION 6.01 Indebtedness. 
 Incur, create, assume or permit to exist, directly or indirectly, any Indebtedness, except 
 (a) Indebtedness incurred under this Agreement and the other Loan Documents; 
 (b) (i) Indebtedness outstanding on the A&R Effective Date (and to the extent in excess of $5,000,000 in the aggregate, is listed on Schedule 6.01(b)), and (ii) refinancings or
renewals thereof; provided that (A) any such refinancing Indebtedness is in an aggregate principal amount not greater than the aggregate principal amount plus any unutilized commitments of the Indebtedness being renewed or refinanced,
plus the amount of any premiums required to be paid thereon and reasonable fees and expenses associated therewith, (B) such refinancing Indebtedness has a later or equal final maturity and longer or equal weighted average life than the
Indebtedness being renewed or refinanced and (C) the terms and conditions thereof (including any guarantees thereof) shall be, in the aggregate and taken as a whole, no less favorable to the Lenders than those contained in the Indebtedness
being renewed or refinanced. 
 (c) Indebtedness under Hedging Obligations entered into consistent with prudent
industry practice; provided that if such Hedging Obligations relate to interest rates, (i) such Hedging Obligations relate to payment obligations on Indebtedness otherwise permitted to be incurred by the Loan Documents and (ii) the
notional principal amount of such Hedging Obligations at the time incurred does not exceed the principal amount of the Indebtedness to which such Hedging Obligations relate; 

(d) Indebtedness permitted by Section 6.04(f); 

(e) Indebtedness in respect of Purchase Money Obligations, Attributable Indebtedness and Capital Lease Obligations, and
any other Indebtedness financing the acquisition, construction repair, replacement or improvement of any fixed or capital assets and refinancings or renewals thereof, in an aggregate amount not to exceed (i) $150,000,000 or (ii) if the Pro
Forma 

  
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Excess Availability is in excess of the Threshold Basket Amount immediately before and immediately after giving effect to such Indebtedness (as determined on the date of incurrence of such
Indebtedness), $200,000,000 at any time outstanding; 
 (f) Indebtedness in respect of bid, performance or
surety bonds, workers’ compensation claims, self-insurance obligations and bankers acceptances issued for the account of any Company in the ordinary course of business, including guarantees or obligations of any Company with respect to letters
of credit supporting such bid, performance or surety bonds, workers’ compensation claims, self-insurance obligations and bankers acceptances (in each case other than for an obligation for money borrowed), in an aggregate amount not to exceed
$35,000,000 at any time outstanding; 
 (g) Contingent Obligations (including guarantees) of any Loan Party
in respect of Indebtedness otherwise permitted under this Section 6.01; 
 (h) Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business;
provided, however, that such Indebtedness is extinguished within five Business Days of incurrence; 

(i) Indebtedness arising in connection with endorsement of instruments for deposit in the ordinary course of
business; 
 (j) Indebtedness arising from an unsecured guaranty; 

(k) Indebtedness under the DEDA Loan and Security Agreement; 

(l) secured or unsecured Indebtedness and Subordinated Indebtedness of any Company; provided that
(A) that such Indebtedness has a later final maturity date than the Indebtedness incurred under this Agreement and the other Loan Documents and (B) at the time of incurrence, the Consolidated Interest Coverage Ratio on a Pro Forma Basis
for the incurrence of such Indebtedness is not less than 2.00:1.00; 
 (m) (i) Indebtedness assumed in
connection with any Permitted Acquisition, provided, that (x) such Indebtedness (A) was not incurred in contemplation of such Permitted Acquisition, (B) is secured only by the assets acquired in the applicable Permitted
Acquisition (including any acquired Equity Interests), (C) the only obligors with respect to any Indebtedness incurred pursuant to this clause (m)(i) shall be those persons who were obligors of such Indebtedness prior to such Permitted
Acquisition, and (y) both immediately prior and after giving effect thereto no Default shall exist or result therefrom and (ii) Indebtedness incurred in connection with the financing of any Permitted Acquisition, provided, that
(x) such Indebtedness (A) is secured only by the assets (other than assets constituting Revolving Credit Priority Collateral) acquired in the applicable Permitted Acquisition (including any acquired Equity Interests), (B) the only
obligors with respect to any Indebtedness incurred pursuant to this clause (m)(ii) shall be those persons who were obligors of such Indebtedness prior to such Permitted Acquisition and/or Affiliates of the Loan Parties (and in the case of the
Loan Parties, solely to the extent permitted by Section 6.05), and (y) both immediately prior and after giving effect thereto (A) no Default shall exist or result therefrom and (B) the aggregate principal amount of such
Indebtedness and all Indebtedness 

  
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resulting from any Permitted Refinancing thereof at any time outstanding pursuant to this clause (m)(ii) does not exceed (x) $400,000,000 or (y) if the Pro Forma Excess
Availability is in excess of the Threshold Basket Amount both before and immediately after giving Pro Forma effect thereto, $500,000,000 at any one time outstanding; 

(n) Indebtedness representing deferred compensation to employees of any Loan Parties incurred in the ordinary course
of business, and/or incurred by such Person in connection with the Transactions and Permitted Acquisitions or any other Investment expressly permitted hereunder; 

(o) Indebtedness to current or former officers, directors, managers, consultants and employees, their respective
estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of any Loan Parties; 
 (p) Indebtedness incurred in connection with a Permitted Acquisition, any other Investment expressly permitted hereunder or any Asset Sale permitted hereunder, in each case to the extent constituting
Indebtedness as a result of indemnification obligations or obligations in respect of purchase price (including earn-outs) or other similar adjustments; 
 (q) Indebtedness resulting from obligations with respect to Treasury Services Agreements and other Indebtedness in respect of netting services, automatic clearinghouse arrangements, overdraft
protections and similar arrangements in each case in connection with deposit accounts in the ordinary course of business; 
 (r) Indebtedness consisting of the financing of insurance premiums in the ordinary course of business; 
 (s) Indebtedness consisting of customer deposits and advance payments received in the ordinary course of business from customers for goods purchased; 

(t) to the extent constituting Indebtedness, obligations under (i) the Oil Supply Agreements, and (ii) the Morgan Stanley
Off-Take Agreements; 
 (u) Indebtedness incurred in connection with Environmental and Necessary Capex in an amount not to
exceed $40,000,000 in the aggregate; 
 (v) Indebtedness in respect of letters of credit and/or other credit support issued
in connection with the purchase by the Loan Parties of Saudi Oil from Aramco; provided, that any such Indebtedness shall be secured solely by the purchased Saudi Oil, accounts receivable (including accounts, chattel paper, payment
intangibles, general intangibles, instruments and all other rights to payment) arising from the sale or other disposition of such Saudi Oil, contracts, bills of lading, other documents of title and books and records pertaining to the foregoing,
proceeds and products of the foregoing and proceeds of any insurance, indemnity, warranty or guaranty with respect to any of the foregoing (and any cash collateral and deposit accounts holding such cash collateral, if any, provided therefor)
(collectively, the “Saudi Oil Assets”) (it being understood and agreed that notwithstanding any term or condition to the contrary in any Loan Document (including any Security Document), any and all items set forth in this proviso
are not Collateral for the Obligations); 
 (w) [Reserved]; 

  
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 (x) [Reserved]; 
 (y) the High Yield Indebtedness; 
 (z) Indebtedness arising from an unsecured
guaranty provided by any Loan Party in respect of the Indebtedness described in the preceding clause (y); 
 (aa)
Indebtedness in respect of letters of credit issued by any Person; 
 (bb) Indebtedness in an aggregate amount not to exceed
$55,000,000 incurred in connection with Sale and Leaseback Transactions with respect to Catalyst Assets permitted pursuant to Section 6.03; and 
 (cc) general Indebtedness not otherwise permitted by clauses (a) through (bb) above in an aggregate amount not to exceed $35,000,000 outstanding at any time. 

The accrual of interest or dividends, the accretion of accreted value, the accretion or amortization of original issue discount and the
payment of interest or dividends solely in the form of additional Indebtedness or Disqualified Capital Stock shall not be deemed to be an incurrence of Indebtedness for purposes of this Section 6.01. 

SECTION 6.02 Liens. 
 Create, incur, assume or permit to exist, directly or indirectly, any Lien on any property now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except
the following (collectively, the “Permitted Liens”): 
 (a) inchoate Liens for taxes,
assessments or governmental charges or levies not yet due and payable or delinquent and Liens for taxes, assessments or governmental charges or levies, which are being contested in good faith by appropriate proceedings for which adequate reserves
have been established in accordance with GAAP, which proceedings (or orders entered in connection with such proceedings) have the effect of preventing the forfeiture or sale of the property subject to any such Lien; 

(b) Liens in respect of property of any Company imposed by Requirements of Law, which were incurred in the ordinary
course of business and do not secure Indebtedness for borrowed money, such as carriers’, warehousemen’s, materialmen’s, landlords’, workmen’s, suppliers’, repairmen’s and mechanics’ Liens and other similar
Liens arising in the ordinary course of business, and (i) which do not in the aggregate materially detract from the value of the property of the Companies, taken as a whole, and do not materially impair the use thereof in the operation of the
business of the Companies, taken as a whole and (ii) which, if they secure obligations that are then due and unpaid, are being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance
with GAAP, which proceedings (or orders entered in connection with such proceedings) have the effect of preventing the forfeiture or sale of the property subject to any such Lien; 

(c) any Lien in existence on the A&R Effective Date and set forth on Schedule 6.02(c) and any Lien granted as a
replacement or substitute therefor; provided that any such replacement or substitute Lien (i) except as permitted by Section 6.01(b)(ii)(A), does not secure 

  
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an aggregate amount of Indebtedness, if any, greater than that secured on the A&R Effective Date and (ii) does not encumber any property other than the property subject thereto on the
A&R Effective Date and accessions thereto (any such Lien, an “Existing Lien”); 
 (d)
easements, rights-of-way, restrictions (including zoning restrictions and other similar permits), covenants, licenses, encroachments, protrusions and other similar charges or encumbrances, and minor title deficiencies on or with respect to any Real
Property, in each case whether now or hereafter in existence, not individually or in the aggregate materially interfering with the ordinary conduct of the business of the Companies at such Real Property; 

(e) Liens arising out of judgments, attachments or awards not resulting in a Default and in respect of which such Company
shall in good faith be prosecuting an appeal or proceedings for review in respect of which there shall be secured a subsisting stay of execution pending such appeal or proceedings and, in the case of any such Lien which has or may become a Lien
against any of the Collateral, such Lien and the contest thereof shall satisfy the Contested Collateral Lien Conditions; 
 (f) Liens (other than any Lien imposed by ERISA) (x) imposed by Requirements of Law or deposits made in connection therewith in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other types of social security legislation, (y) incurred in the ordinary course of business to secure the performance of tenders, statutory obligations (other than excise taxes), surety, stay, customs
and appeal bonds, statutory bonds, bids, leases, government contracts, trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of Indebtedness) or (z) arising by virtue of
deposits made in the ordinary course of business to secure liability for premiums to insurance brokers, carriers or insurance companies; provided that (i) with respect to clauses (x), (y) and (z) of this
paragraph (f), such Liens are for amounts being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP and, in connection with such proceedings, orders have been entered
that have the effect of preventing the forfeiture or sale of the property subject to any such Lien, (ii) to the extent such Liens are not imposed by Requirements of Law, such Liens shall in no event encumber any property other than cash and
Cash Equivalents (or in respect of subclause (z), cash, Cash Equivalents and/or insurance proceeds), and (iii) in the case of any such Lien against any of the Collateral, such Lien and the contest thereof shall satisfy the Contested
Collateral Lien Conditions; 
 (g) Leases of the properties of any Company granted by such Company to third
parties, in each case entered into in the ordinary course of such Company’s business so long as such Leases do not, individually or in the aggregate, interfere in any material respect with the ordinary conduct of the business of any Company;

 (h) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale
or storage of goods entered into by any Company in the ordinary course of business; 
 (i) Liens securing
Indebtedness and other obligations incurred pursuant to Section 6.01(e); provided, that (i) any such Liens attach only to the property being financed pursuant to such Indebtedness and do not encumber any other property of any
Company (other than improvements and accessions thereon) and (ii) Liens solely on the Saudi Oil 

  
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Assets (it being understood and agreed that notwithstanding any term or condition to the contrary in any Loan Document (including any Security Document), any and all items set forth in this
clause (ii) are not Collateral for the Obligations); 
 (j) bankers’ Liens, rights of setoff and
other similar Liens existing solely with respect to cash and Cash Equivalents on deposit in one or more deposit, securities and/or other similar accounts maintained by any Company, in each case granted in the ordinary course of business in favor of
the bank or banks with which such accounts are maintained, securing amounts owing to such bank with respect to cash management, depository and operating account arrangements, including those involving pooled accounts and netting arrangements;

 (k) Liens on property of a person existing at the time such person is acquired or merged with or into or
consolidated with any Company to the extent permitted hereunder (and not created in anticipation or contemplation thereof); provided that such Liens do not extend to property not subject to such Liens at the time of acquisition (other than
improvements and accessions thereon); 
 (l) Liens granted pursuant to the Security Documents to secure the
Secured Obligations; 
 (m) licenses of intellectual property (including Intellectual
Property) granted by any Company in the ordinary course of business and not interfering in any material respect with the ordinary conduct of business of the Companies; 

(n) the filing of UCC financing statements solely as a precautionary measure in connection with operating leases or
consignment of goods or the filing of UCC financing statements in connection with the Morgan Stanley Off-Take Agreements or the Oil Supply Agreements; 
 (o) (i) Liens on cash and Cash Equivalents securing obligations with respect to Commodity Hedging Agreements with any Person and (ii) Liens on cash and Cash Equivalents securing letters of
credit permitted under Section 6.01(aa); 
 (p) Liens on Intermediate Products in favor of MSCG;

 (q) Liens on the Morgan Stanley Off-Take Agreements pursuant to the Statoil Oil Supply Agreements; 

(r) Liens securing Indebtedness permitted by Section 6.01(v); 

(s) Liens granted to MSCG on MSCG Assets and Collateral (as defined in the Toledo-MSCG Intercreditor Agreement) and on the
MSCG Assets (as defined in the MSCG Intercreditor Agreement); 
 (t) Liens securing Indebtedness incurred
with respect to Commodity Hedging Agreements to be secured on a pari passu basis with (or on a junior basis to) the Liens granted pursuant to the Security Documents to secure the Secured Obligations; 

  
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 (u) Liens incurred in the ordinary course of business of any Company with respect to
obligations that do not in the aggregate exceed $10,000,000 at any time outstanding, so long as such Liens, to the extent covering any Revolving Credit Priority Collateral, are junior to the Liens granted pursuant to the Security Documents;

 (v) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods in the ordinary course of business; 
 (w) Liens (i) on cash advances in
favor of the seller of any property to be acquired as part of a Permitted Acquisition or (ii) consisting of an agreement to dispose of any property in a Asset Sale permitted hereunder, in each case, solely to the extent such Permitted
Acquisition or Asset Sale, as the case may be, would have been permitted on the date of the creation of such Lien; 

(x) Liens that are contractual rights of set-off relating to purchase orders and other agreements entered into with customers in the
ordinary course of business; 
 (y) Liens solely on any cash earnest money deposits made by the Borrowers or any of their
respective Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder; 
 (z) Liens
placed upon the assets of such person and any of its Subsidiaries to secure Indebtedness (or to secure a guaranty of such Indebtedness) incurred pursuant to and in accordance with Section 6.01(m) in connection with such Permitted
Acquisition and Liens on Equity Interests issued by an Excluded Subsidiary; 
 (aa) Liens on specific items of inventory or
other goods and the proceeds thereof securing such Person’s obligations in respect of storage arrangements, documentary letters of credit or banker’s acceptances issued or created for the account of such Person, in each case, to facilitate
the purchase, shipment or storage of such inventory or goods; 
 (bb) Liens on assets constituting Environmental and Necessary
Capex securing Indebtedness permitted by Section 6.01(u); 
 (cc) Liens on Certain Hydrocarbon Assets (including
Certain Hydrocarbon Assets in the possession Statoil or its Affiliates) in favor of Statoil, its Affiliates and/or an agent of any of the foregoing; 
 (dd) Liens on Certain MSCG Receivables in favor of Statoil, its Affiliates and/or any agent of any of the foregoing (it being understood and agreed that upon the payment in cash to a Loan Party with
respect to any Certain MSCG Receivable, no Lien shall be permitted to exist, directly or indirectly, on such Certain MSCG Receivable in favor of Statoil, its Affiliates and/or any agent of any of the foregoing); 

(ee) Liens solely on Catalyst Assets securing Indebtedness permitted pursuant to Section 6.01(bb); 

(ff) Liens securing the High Yield Indebtedness; 

  
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 (gg) Liens solely on the DEDA Specified Collateral in favor of DEDA securing Indebtedness
under the DEDA Loan and Security Agreement; 
 (hh) Liens on assets other than Revolving Credit Priority Collateral securing
Indebtedness permitted by Section 6.01(l); and 
 (ii) other Liens not otherwise permitted in clauses
(a) through (hh) above securing Indebtedness otherwise permitted hereunder in an aggregate amount not to exceed $30,000,000 at any time outstanding; provided, that no more than $4,000,000 of such Indebtedness may be secured by
Liens on any of the Revolving Credit Priority Collateral;  
 provided, however, that no consensual Liens shall be
permitted to exist, directly or indirectly, on any Securities Collateral, other than Liens granted pursuant to the Security Documents. 
 SECTION 6.03 Sale and Leaseback Transactions. 
 Except for Sale and
Leaseback Transactions (as hereinafter defined) with respect to Catalyst Assets, enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business,
whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred (a “Sale and Leaseback
Transaction”) unless at the time of consummation of any such Sale and Leaseback Transaction, Excess Availability is greater than the Threshold Basket Amount. 
 SECTION 6.04 Investment, Loan, Advances and Acquisition. 
 Directly
or indirectly, make any Investment, except that the following shall be permitted: 
 (a) the Companies may
consummate the Transactions in accordance with the provisions of the Transaction Documents; 

(b) Investments outstanding on the A&R Effective Date, to the extent in excess of $5,000,000 in the aggregate
identified on Schedule 6.04(b); 
 (c) the Companies may (i) acquire and hold accounts
receivables owing to any of them if created or acquired in the ordinary course of business, (ii) invest in, acquire and hold cash and Cash Equivalents, (iii) endorse negotiable instruments held for collection in the ordinary course of
business or (iv) make lease, utility and other similar deposits in the ordinary course of business; 
 (d)
Hedging Obligations incurred pursuant to Section 6.01(c); 
 (e) loans and advances to directors,
employees and officers of Borrowers and the Subsidiaries for bona fide business purposes and to purchase Equity Interests of Parent, in an aggregate amount not to exceed $2,500,000 at any time outstanding; 

(f) Investments by any Company in any Borrower or any existing Subsidiary Guarantor; provided that any
Investment by or in a Loan Party in the form of a loan or advance shall be evidenced by the Intercompany Note pledged by such Loan Party as Collateral pursuant to the Security Documents; 

  
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 (g) Investments in securities of trade creditors or customers in the
ordinary course of business received upon foreclosure or settlement or pursuant to any plan of reorganization or liquidation or similar arrangement upon the bankruptcy or insolvency of such trade creditors or customers; 

(h) Permitted Acquisitions; 
 (i) mergers and consolidations in compliance with Section 6.05; 
 (j) Investments made by Borrowers or any Subsidiary Guarantor as a result of consideration received in connection with an Asset Sale made in compliance with Section 6.06; 

(k) Capital Expenditures made by Borrowers or any Subsidiary Guarantor on behalf of itself or as would otherwise be
permitted pursuant to Section 6.04(f); 
 (l) to the extent constituting Investments, purchases
and other acquisitions of inventory, materials, equipment and other tangible property in the ordinary course of business; 
 (m) leases of real or personal in the ordinary course of business which are not in violation of the Loan Documents; 

(n) other Investments in an aggregate amount that, as of the time made, do not in the aggregate exceed the then
existing the Available Amount Basket, provided, further, that after giving effect to any such Investment, (I) Pro Forma Excess Availability shall be greater than the Threshold Basket Amount, (II) no Default or Event of Default
shall have occurred or shall result therefrom and (III) the Loan Parties shall be in compliance on a Pro Forma Basis with the covenant set forth in Section 6.09(a) at such time (tested without regard to whether or not such covenant is
otherwise being tested at such time); 
 (o) to the extent constituting Investments, such Investments resulting from Liens,
Indebtedness, fundamental changes, Asset Sales, other dispositions of assets and Dividends expressly permitted under another section of this Article VI; 
 (p) advances of payroll payments to employees in the ordinary course of business; 

(q) Investments to the extent that payment for such Investments is made with Equity Interests of Parent (or any direct or indirect
parent of Parent); 
 (r) Investments that are held at the time of the acquisition thereof by a Subsidiary
acquired after the A&R Effective Date (and not made in contemplation of such acquisition) or of a person merged with or consolidated with any Company in accordance with Section 6.05 after the A&R Effective Date to the extent that
such Investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; and 

(s) other Investments not otherwise permitted by clauses (a) through (r) above in an amount not to
exceed $20,000,000 at any time outstanding. 

  
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 An Investment shall be deemed to be outstanding to the extent not returned in the same form
as the original Investment or in cash or Cash Equivalents to Borrowers or any Subsidiary Guarantor, as applicable. For the avoidance of doubt, any Investment made by a Loan Party in, or for the benefit of, an Excluded Subsidiary shall constitute an
Investment hereunder and be subject to the provisions of this Section 6.04 and any Investment made by an Excluded Subsidiary is not subject to the provisions of this Section 6.04. 

SECTION 6.05 Mergers and Consolidations. 
 Wind up, liquidate or dissolve its affairs or consummate any transaction of merger or consolidation, except that the following shall be permitted: 

(a) the Transactions as contemplated by the Transaction Documents; 

(b) Asset Sales and other dispositions of assets in compliance with Section 6.06; 

(c) acquisitions and other Investments in compliance with Section 6.04; 

(d) any Company may merge or consolidate with or into a Borrower or any Subsidiary Guarantor (as long as a Borrower is the
surviving person in the case of any merger or consolidation involving a Borrower and a Subsidiary Guarantor is the surviving person and remains a Wholly Owned Subsidiary of Holdings in any other case); provided that the Lien in such property
constituting Collateral granted or to be granted in favor of the Administrative Agent under the Security Documents shall be maintained or created in accordance with the provisions of Section 5.10 or Section 5.11, as
applicable; and 
 (e) any Subsidiary Guarantor may dissolve, liquidate or wind up its affairs at any time;
provided that such dissolution, liquidation or winding up, as applicable, is not reasonably expected to have a Material Adverse Effect. 
 To the extent the Required Lenders or all the Lenders, as applicable, waive the provisions of this Section 6.05 with respect to the conveyance, sale, assignment, transfer or other disposition
of any Collateral, or any Collateral is conveyed, sold, assigned, transferred or disposed of as permitted by this Section 6.05 or any other express term and condition of any Loan Document, such Collateral (unless sold to a Loan Party)
shall be sold free and clear of the Liens created by the Security Documents. 
 SECTION 6.06 Asset Sales.

 (a) Consummate any Asset Sale of all or substantially all of the assets of the Paulsboro Facility or the DCR Facility or the
Toledo Facility. 
 (b) At any time when Excess Availability is below the Threshold Basket Amount, consummate any Asset Sale
(other than Asset Sales described in Section 6.06(b)(i)) other than: 
 (i) disposition of used,
worn out, damaged, obsolete or surplus property by any Company in the ordinary course of business and the abandonment or other disposition of intellectual 

  
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property (including Intellectual Property) that is, in the reasonable judgment of Borrowers, no longer commercially desirable to maintain or useful in the conduct of the business of the Companies
taken as a whole; 
 (ii) leases of real or personal property in the ordinary course of business and not in
violation of the Loan Documents; 
 (iii) the Transactions as contemplated by the Transaction Documents;

 (iv) mergers and consolidations in compliance with Section 6.05; 

(v) Investments in compliance with Section 6.04; 

(vi) Asset Sales in connection with Sale and Leaseback Transactions with respect to Catalyst Assets permitted under
Section 6.03; and 
 (vii) other Asset Sales at fair market value; provided that, (i) at
the time of such Asset Sale, no Default shall exist or would result from such Asset Sale, (ii) at the time of such Asset Sale, both before and after giving effect thereto, Excess Availability shall be greater than the Threshold Basket Amount
and (iii) at least 75% of the purchase price for all property subject to such Asset Sale shall be paid solely in cash and Cash Equivalents, it being understood that notes and other property convertible into cash within 90 days after the date of
receipt shall be considered cash for purposes of this Section 6.06(b); 
 (c) dispositions of immaterial assets in
the ordinary course of business; 
 (d) dispositions of property to the extent that (i) such property is exchanged for
credit against the purchase price of similar replacement property that is promptly purchased or (ii) the proceeds of such disposition are promptly applied to the purchase price of such replacement property (which replacement property is
actually promptly purchased); 
 (e) to the extent Asset Sales, transactions permitted by Sections 6.03, 6.05
and 6.07; 
 (f) Asset Sales in the ordinary course of business of Cash Equivalents; 

(g) leases, subleases, licenses or sublicenses, in each case in the ordinary course of business and which do not materially
interfere with the business of the Companies, taken as a whole; 
 (h) transfers of property subject to Casualty Events
upon receipt of the Net Cash Proceeds of such Casualty Event; 
 (i) Asset Sales of property not otherwise permitted under
this Section 6.06; provided that (i) at the time of such Asset Sale (other than any such Asset Sale made pursuant to a legally binding commitment entered into at a time when no Default exists, no Default shall exist or would
result from such Asset Sale, (ii) the aggregate fair market value of all property disposed of in reliance on this clause (i) shall not exceed $20,000,000 per calendar year (with unused amounts in any calendar year being carried over
to the succeeding calendar years); 

  
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 (j) Asset Sales of Investments in joint ventures to the extent required by, or made pursuant
to customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 
 (k) Asset Sales of accounts receivable or notes receivable in the ordinary course of business in connection with the collection or compromise thereof; 

(l) any issuance or sale of Equity Interests in, or Indebtedness or other securities of, an Excluded Subsidiary; and 

(m) the unwinding of any Hedging Agreement pursuant to its terms. 

To the extent the Required Lenders or all the Lenders, as applicable, waive the provisions of this Section 6.06 with respect
to the sale of any Collateral, or any Collateral is sold as permitted by this Section 6.06, such Collateral (unless sold to a Loan Party) shall be sold free and clear of the Liens created by the Security Documents. 

SECTION 6.07 Dividends. 
 Authorize, declare or pay, directly or indirectly, any Dividends, except that the following shall be permitted: 
 (a) Dividends by any Company to Borrowers or any Subsidiary Guarantor that is a Subsidiary of any Borrower; 
 (b) payments to Parent to permit Parent, and the subsequent use of such payments by Parent, to repurchase or redeem Qualified Capital Stock of Parent held by officers, directors or employees or
former officers, directors or employees (or their transferees, estates or beneficiaries under their estates) of any Company, upon their death, disability, retirement, severance, resignation or termination of employment or service or pursuant to any
employee or directors’ and/or officers’ equity or stock compensation plan; provided that the aggregate cash consideration paid for all such redemptions and payments shall not exceed, in any fiscal year, $10,000,000 (and up to 50% of
such $10,000,000 not used in any fiscal year may be carried forward to the next succeeding (but no other) fiscal year). 
 (c) (A) to the extent actually used by Holdings to pay such taxes, costs and expenses, payments by Borrowers to or on behalf of Holdings in an amount sufficient to pay franchise taxes and other fees
required to maintain the legal existence of Holdings and (B) payments by Borrowers to or on behalf of Holdings in an amount sufficient to pay out-of-pocket legal, accounting and filing costs and other expenses in the nature of overhead in the
ordinary course of business of Holdings in an aggregate amount not to exceed $5,000,000 in any fiscal year; 

(d) Dividends, that in the aggregate do not exceed the then existing Available Amount Basket, provided,
further, that both before and after giving effect to any such Dividend, (I) Pro Forma Excess Availability shall be greater than the Threshold Basket Amount, (II) no Default or Event of Default shall have occurred or shall result therefrom
and (III) the Loan Parties shall be in compliance on a Pro Forma Basis with the covenant set forth in Section 6.09(a) at such time (tested without regard to whether or not such covenant is otherwise being tested at such time);

  
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 (e) Permitted Tax Distributions; 

(f) (i) Parent may purchase or redeem in whole or in part any of its Equity Interests for another class of Equity Interests (other
than Disqualified Capital Stock) or rights to acquire its Equity Interests (other than Disqualified Capital Stock) or with proceeds from substantially concurrent equity contributions or issuances of new Equity Interests (other than Disqualified
Capital Stock); provided that any terms and provisions material to the interests of the Lenders, when taken as a whole, contained in such other class of Equity Interests (other than Disqualified Capital Stock) are no less favorable to the
Lenders as those contained in the Equity Interests redeemed thereby and (ii) the Borrowers and each Subsidiary may declare and make dividend payments or other distributions payable solely in the Equity Interests (other than Disqualified Capital
Stock) of such Person; 
 (g) to the extent contributed to Holdings or any other Borrower, the Net Cash Proceeds from the
sale of Equity Interests (other than Disqualified Capital Stock) of Parent and, to the extent contributed to Holdings or any other Borrower, Equity Interests of any of Parent’s direct or indirect parent companies, in each case, to members of
management, directors or consultants of Holdings, any other Borrower or any of their Subsidiaries; 
 (h) Holdings and the
Borrowers may make Dividends to any direct or indirect parent of Holdings, the proceeds of which shall be used to pay: 
 (i) its operating costs and expenses incurred in the ordinary course of business and other corporate overhead costs and expenses (including administrative, legal, accounting and similar expenses provided
by third parties), which are reasonable and customary and incurred in the ordinary course of business, attributable to the ownership or operations of Holdings, the Borrowers and their respective Subsidiaries (including any reasonable and customary
indemnification claims made by directors or officers of any direct or indirect parent of Holdings and the Borrowers attributable to the ownership or operations of Holdings, the Borrowers and their respective Subsidiaries); 

(ii) customary costs, fees and expenses related to any unsuccessful equity or debt offering permitted by this
Agreement; and/or 
 (iii) the proceeds of which shall be used to pay customary salary, bonus and other
benefits payable to officers and employees of any direct or indirect parent company of Holdings and the Borrowers to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of Holdings, the Borrowers and
their respective Subsidiaries; and 
 (i) Parent may pay cash in lieu of fractional Equity Interests in connection with any
dividend, split or combination thereof or any Permitted Acquisition. 
 SECTION 6.08 Transactions with Affiliates.

 Enter into, directly or indirectly, any transaction or series of related transactions, whether or not in the ordinary course
of business, with any Affiliate of any Company (other than between or among Borrowers and any Loan Party), other than any transaction or series of related transactions on terms and conditions at least as favorable to such Company as would reasonably
be obtained by such Company at that time in a comparable arm’s-length transaction with a person other than an Affiliate, except that the following shall be permitted: 

(a) Dividends permitted by Section 6.07; 

  
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 (b) Investments permitted by Sections 6.04(e) and (f);

 (c) reasonable and customary director, officer and employee compensation (including bonuses) and other
benefits (including retirement, health, stock option and other benefit plans) and indemnification arrangements, in each case approved by the Board of Directors of Holdings or such other Borrower; 

(d) transactions with customers, clients, suppliers, joint venture partners or purchasers or sellers of goods and
services, in each case in the ordinary course of business and otherwise not prohibited by the Loan Documents; 

(e) sales of Qualified Capital Stock of Parent to Affiliates of Borrowers not otherwise prohibited by the Loan
Documents and the granting of registration and other customary rights in connection therewith; 
 (f) any
transaction with an Affiliate where the only consideration paid by any Loan Party is Qualified Capital Stock of Parent; 
 (g) the Transactions as contemplated by the Transaction Documents and the payment of fees and expenses in connection therewith; 
 (h) transactions with any person that becomes a Loan Party as a result of such transaction; 
 (i) the issuance of Equity Interests to any officer, director, employee or consultant of the Companies or any direct or indirect parent of Holdings or the Borrowers; 

(j) Investments, loans and other transactions by Holdings, the Borrowers and the Subsidiaries to the extent permitted under this
Article VI; 
 (k) employment and severance arrangements between any of the Companies and their respective officers and
employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans and arrangements; 
 (l) payments by any of the Companies (and any direct or indirect parent thereof) pursuant to any tax sharing agreements on customary terms to the extent attributable to the ownership or operation of
the Companies; 
 (m) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on
behalf of, current and former directors, officers, employees and consultants of any of the Companies or any direct or indirect parent of the Companies in the ordinary course of business to the extent attributable to the ownership or operation of the
Companies; 

  
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 (n) transactions pursuant to permitted agreements in existence on the A&R Effective Date
(and set forth on Schedule 6.08) or any amendment thereto to the extent such an amendment is not adverse to the interests of the Lenders in any material respect; and 
 (o) customary payments by the Companies to the Sponsor made for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities (including
in connection with acquisitions or divestitures), which payments are approved by the person making such payment in good faith; provided, that, (i) no Default or Event of Default shall have occurred and be continuing, or shall
result therefrom and (ii) such payments shall not exceed $10,000,000 in the aggregate during any fiscal year. 
 SECTION
6.09 Financial Covenant. 
 (a) Minimum Fixed Charge Coverage Ratio. During the Revolving Availability Period,
at any time when Excess Availability is less than, at any time, the greater of (i) the Financial Covenant Testing Amount and (ii) $35 million, and until such time as Excess Availability is greater than the Financial Covenant Testing Amount
and $35 million for a period of twelve (12) or more consecutive days, permit the Consolidated Fixed Charge Coverage Ratio, as of the last day of the most recently ended Test Period, to be less than 1.1 to 1.0. 

(b) Right to Cure Consolidated Fixed Charge Coverage Ratio. For purposes of determining compliance with the Consolidated Fixed
Charge Coverage Ratio set forth in Section 6.09(a), any Net Cash Proceeds from the issuance of Qualified Capital Stock by Holdings that has been contributed to Holdings as common equity or other equity on terms and conditions reasonably
acceptable to the Administrative Agent on or prior to the day that is five (5) Business Days (the “Last Cure Date”) after the day on which financial statements are required to be delivered for a fiscal quarter will, at the
request of the Administrative Borrower, be included in the calculation of Consolidated EBITDA for such fiscal quarter for the purposes of determining compliance with such financial covenant for the Test Period as at the end of such fiscal quarter
and any applicable subsequent Test Periods that include such fiscal quarter (any such equity contribution so included in the calculation of Consolidated EBITDA, a “Specified Equity Contribution”), provided that (i) in each 4
fiscal quarter period, there shall be at least two (2) fiscal quarters in respect of which no Specified Equity Contribution is made, (ii) the amount of any Specified Equity Contribution shall be no greater than 120% of the amount required
to cause the Loan Parties to be in compliance with the financial covenants set forth in this Agreement, (iii) all Specified Equity Contributions shall be disregarded for purposes of determining any baskets, tests, or pro forma tests,
with respect to the covenants contained in any applicable Loan Documents and (iv) to the extent such Net Cash Proceeds are applied in prepayment of the Revolving Commitments following the last day of the relevant fiscal quarter and on or prior
to the Last Cure Date, the Net Cash Proceeds shall be deducted when calculated net indebtedness for purposes of determining compliance with the covenant set forth in Section 6.09(a). 

SECTION 6.10 Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc.

 Directly or indirectly: 
 (a) make any payment or prepayment of principal on or redemption or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or

  
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similar event of (collectively, a “Subordinated Debt Payment”), any Indebtedness outstanding under any Subordinated Indebtedness, except (i) any payment of principal at
scheduled maturity, (ii) a refinancing permitted by Section 6.01, (iii) any payment to the extent made with the proceeds of Qualified Capital Stock of Parent; (iv) prepayments or redemptions of Indebtedness outstanding
under any Subordinated Indebtedness if such prepayments or redemptions do not in the aggregate exceed the then existing Available Amount Basket, provided, further, that both before and after giving effect to such prepayment or
redemption (I) Pro Forma Excess Availability shall be greater than the Threshold Basket Amount, (II) no Default or Event of Default shall have occurred or shall result therefrom and (III) the Loan Parties shall be in compliance on a Pro Forma
Basis with the covenant set forth in Section 6.09(a) at such time (tested without regard to whether or not such covenant is otherwise then being tested); (v) Subordinated Debt Payments in the form of Equity Interests of Parent, or
resulting from the conversion of such Subordinated Indebtedness to Equity Interests (other than Disqualified Capital Stock) of Parent; and (vi) Subordinated Debt Payments with the Net Cash Proceeds of any Equity Issuances for the purpose of
making such Subordinated Debt Payment; or 
 (b) terminate, amend or modify, or permit the termination,
amendment or modification of, any provision of (i) any document governing Subordinated Indebtedness, or (ii) any Organizational Document of any Company (it being agreed that changes that are not adverse to the material interests of the
Lenders in their capacities as such shall not be subject to this clause (b)(ii)). 
 SECTION 6.11 Limitation on
Certain Restrictions on Subsidiary Guarantors. 
 Create or otherwise cause or suffer to exist or become effective any
encumbrance or restriction on the ability of any Subsidiary Guarantor to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by Borrowers or any Subsidiary
Guarantor, or pay any Indebtedness owed to Borrowers or a Subsidiary Guarantor, (b) make loans or advances to Borrowers or any Subsidiary Guarantor or (c) transfer any of its properties to Borrowers or any Subsidiary Guarantor, except for
such encumbrances or restrictions existing under or by reason of (i) applicable Requirements of Law; (ii) this Agreement and the other Loan Documents; (iii) [Reserved]; (iv) customary provisions restricting subletting or
assignment of any lease governing a leasehold interest of a Subsidiary Guarantor; (v) customary provisions restricting assignment of any agreement entered into by a Subsidiary Guarantor in the ordinary course of business; (vi) customary
restrictions and conditions contained in any agreement relating to the sale of any property permitted under Section 6.06 pending the consummation of such sale; (vii) any agreement in effect at the time such Subsidiary becomes a
Subsidiary Guarantor of Borrowers, so long as such agreement was not entered into in connection with or in contemplation of such person becoming a Subsidiary Guarantor of Borrowers; (viii) any instrument governing Indebtedness assumed in
connection with any Permitted Acquisition, which encumbrance or restriction is not applicable to any person, or the properties or assets of any person, other than the person or the properties or assets of the person so acquired; (ix) any
Permitted Liens in respect of assets subject thereto; (x) restrictions that exist on the A&R Effective Date and to the set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted renewal,
extension or refinancing of such Indebtedness so long as such renewal, extension or refinancing does not expand the scope of such obligation; (xi) are customary provisions in joint venture agreements and other similar agreements or written
arrangements applicable to joint ventures permitted hereunder and applicable solely to such joint venture; (xii) are customary restrictions on leases, subleases, licenses, asset sale or similar agreements, including with respect to intellectual
property and other similar agreements, otherwise permitted hereby 

  
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so long as such restrictions relate to the assets subject thereto; (xiii) are customary provisions restricting subletting or assignment of any lease governing a leasehold interest of any
Company; (xiv) are customary provisions restricting assignment of any agreement; (xv) are restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business or otherwise permitted
hereunder; (xvi) the Oil Supply Agreements and/or the Morgan Stanley Off-Take Agreements; (xvii) obligations under any Hedging Agreements entered into with a Lender or an Affiliate of a Lender; (xviii) customary provisions restricting
assignment of any agreement entered into in connection with a Sale and Leaseback Transaction with respect to Catalyst Assets permitted under Section 6.03 or (xiv) the indenture and other operative documents for the High Yield Indebtedness.

 SECTION 6.12 Business. 
 (a) With respect to Holdings, engage in any business activities or have any properties or liabilities, other than its ownership of the Equity Interests of Delaware City, Paulsboro, Toledo, and other
(direct or indirect) Subsidiaries and such other businesses in which Holdings is engaged on the Closing Date. 
 (b) With
respect to Paulsboro, Delaware City and the other (direct or indirect) Subsidiaries of Holdings, engage (directly or indirectly) in any business other than those businesses in which Paulsboro, Delaware City, Toledo, and the other then existing
Subsidiaries of Holdings are engaged on the Closing Date. 
 SECTION 6.13 Fiscal Year. 

Change its fiscal year-end to a date other than December 31. 

SECTION 6.14 Compliance with Anti-Terrorism Laws. 
 (a) Directly or indirectly, in connection with the Loans, knowingly (i) conduct any business or engage in making or receiving any contribution of funds, goods or services to or for the benefit of any
Embargoed Person, (ii) deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to any Anti-Terrorism Law or (iii) engage in or conspire to engage in any transaction that evades or
avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 
 (b) Directly or indirectly, in connection with the Loans, knowingly cause or permit any of the funds of such Loan Party that are used to repay the Loans to be derived from any unlawful activity with the
result that the making of the Loans would be in violation of any Anti-Terrorism Law. 
 (c) Knowingly cause or permit
(i) an Embargoed Person to have any direct or indirect interest in or benefit of any nature whatsoever in the Loan Parties or (ii) any of the funds or properties of the Loan Parties that are used to repay the Loans to constitute property
of, or be beneficially owned directly or indirectly by, an Embargoed Person. 
 (d) The Loan Parties shall deliver to the
Lenders any certification or other evidence requested from time to time by any Lender in its reasonable discretion, confirming the Loan Parties’ compliance with this Section 6.14. 

  
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 ARTICLE VII 
 GUARANTEE 
 SECTION 7.01 The Guarantee. 

The Loan Parties hereby jointly and severally guarantee, as a primary obligor and not as a surety to each Secured Party and their
respective successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest on (including any interest, fees, costs
or charges that would accrue but for the provisions of the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code) the Loans made by the Lenders to, and the Notes held by each Lender
of, Borrowers, and all other Secured Obligations from time to time owing to the Secured Parties by any Loan Party under any Loan Document or any Hedging Agreement or Treasury Services Agreement entered into with a counterparty that is a Secured
Party, in each case strictly in accordance with the terms thereof (such obligations being herein collectively called the “Guaranteed Obligations”). The Loan Parties hereby jointly and severally agree that if Borrowers or other Loan
Party(ies) shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Loan Parties will promptly pay the same in cash, without any demand or notice whatsoever, and that in the
case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or
renewal. 
 SECTION 7.02 Obligations Unconditional. 

The obligations of the Loan Parties under Section 7.01 shall constitute a guaranty of payment and to the fullest extent
permitted by applicable Requirements of Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of Borrowers under this
Agreement, the Notes, if any, or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other
circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or Loan Party (except for payment in full or an amendment or waiver adopted in accordance with Section 10.02 or any other
express provision set forth in a Loan Document). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not alter or impair the liability of the Loan Parties hereunder which shall
remain absolute, irrevocable and unconditional under any and all circumstances as described above: 
 (i) at any
time or from time to time, without notice to the Loan Parties, the time for any performance of or compliance with any of the Guaranteed Obligations shall be extended, or such performance or compliance shall be waived; 

(ii) any of the acts mentioned in any of the provisions of this Agreement or the Notes, if any, or any other
agreement or instrument referred to herein or therein shall be done or omitted; 
 (iii) the maturity of any
of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be amended in any respect, or any right under the Loan Documents 

  
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or any other agreement or instrument referred to herein or therein shall be amended or waived in any respect or any other guarantee of any of the Guaranteed Obligations or any security therefor
shall be released or exchanged in whole or in part or otherwise dealt with; 
 (iv) any Lien or security
interest granted to, or in favor of, Issuing Bank or any Lender or Agent as security for any of the Guaranteed Obligations shall fail to be perfected; or 
 (v) the release of any other Loan Party pursuant to Section 7.09, Section 10.02 or Section 10.16. 

The Loan Parties hereby expressly waive diligence, presentment, demand of payment, protest and all notices whatsoever, and any
requirement that any Secured Party exhaust any right, power or remedy or proceed against Borrowers under this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein, or against any other person under any
other guarantee of, or security for, any of the Guaranteed Obligations. The Loan Parties waive any and all notice of the creation, renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of
reliance by any Secured Party upon this Guarantee or acceptance of this Guarantee, and the Guaranteed Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred in reliance upon this Guarantee, and all
dealings between Borrowers and the Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance upon this Guarantee. This Guarantee shall be construed as a continuing, absolute, irrevocable and unconditional
guarantee of payment without regard to any right of offset with respect to the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities of the Loan Parties hereunder shall not be
conditioned or contingent upon the pursuit by the Secured Parties or any other person at any time of any right or remedy against Borrowers or against any other person which may be or become liable in respect of all or any part of the Guaranteed
Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto. This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Loan Parties
and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding that from time to time during the term of this Agreement there may be no Guaranteed Obligations
outstanding until payment in full thereof (other than Unasserted Contingent Obligations, or any amendment or waiver adopted in accordance with Section 10.02 or any other express provision set forth in a Loan Document). 

SECTION 7.03 Reinstatement. 
 The obligations of the Loan Parties under this Article VII shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of Borrowers or other Loan Party in
respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise. 

SECTION 7.04 Subrogation; Subordination. 
 Each Loan Party hereby agrees that until the payment and satisfaction in full in cash of all Guaranteed Obligations (other than Unasserted Contingent Obligations) and the expiration and termination of the
Commitments of the Lenders under this Agreement it shall waive any claim and shall not exercise any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in

  
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Section 7.01, whether by subrogation or otherwise, against Borrowers or any other Loan Party of any of the Guaranteed Obligations or any security for any of the Guaranteed
Obligations. Any Indebtedness of any Loan Party permitted pursuant to Section 6.01(d) shall be subordinated to such Loan Party’s Secured Obligations in the manner set forth in the Intercompany Note evidencing such Indebtedness.

 SECTION 7.05 Remedies. 
 Subject to the terms of any applicable Intercreditor Agreement, the Loan Parties jointly and severally agree that, as between the Loan Parties and the Lenders, the obligations of Borrowers under this
Agreement and the Notes, if any, may be declared to be forthwith due and payable as provided in Section 8.01 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 8.01) for
purposes of Section 7.01, notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against Borrowers and that, in the event of such
declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by Borrowers) shall forthwith become due and payable by the Loan Parties for purposes of
Section 7.01. 
 SECTION 7.06 Instrument for the Payment of Money. 

Each Loan Party hereby acknowledges that the guarantee in this Article VII constitutes an instrument for the payment of money, and
consents and agrees that any Lender or Agent, at its sole option, in the event of a dispute by such Loan Party in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.

 SECTION 7.07 Continuing Guarantee. 
 The guarantee in this Article VII is a continuing guarantee of payment, and shall apply to all Guaranteed Obligations whenever arising. 

SECTION 7.08 General Limitation on Guarantee Obligations. 

In any action or proceeding involving any state corporate limited partnership or limited liability company law, or any applicable state,
federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Loan Party under Section 7.01 would otherwise be held or determined to be void, voidable,
invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 7.01, then, notwithstanding any other provision to the contrary, the amount of such liability shall,
without any further action by such Loan Party, any Loan Party or any other person, be automatically limited and reduced to the highest amount (after giving effect to the right of contribution established in Section 7.10) that is valid
and enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding. 
 SECTION
7.09 Release of Loan Parties. 
 If, in compliance with the terms and provisions of the Loan Documents, all or
substantially all of the Equity Interests of any Loan Party are sold or otherwise transferred (a “Transferred Guarantor”) to a person or persons, none of which is a Borrower or a Subsidiary Guarantor, such Transferred Guarantor
shall, upon the consummation of such sale or transfer, be automatically released from its obligations under this Agreement (including under Section 10.03 hereof) and its obligations to pledge and

  
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grant any Collateral owned by it pursuant to any Security Document and the pledge of such Equity Interests to the Administrative Agent pursuant to the Security Agreements shall be automatically
released, and, so long as Borrowers shall have provided the Agents such reasonable certifications or reasonable documents as any Agent shall reasonably request, the Administrative Agent shall take such actions as are necessary or reasonably
requested by the Borrowers to effect each release described in this Section 7.09 in accordance with the relevant provisions of the Security Documents. 
 SECTION 7.10 Right of Contribution. 
 Each Subsidiary Guarantor
hereby agrees that to the extent that a Subsidiary Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Subsidiary Guarantor shall be entitled to seek and receive contribution from and against any other
Subsidiary Guarantor hereunder which has not paid its proportionate share of such payment. Each Subsidiary Guarantor’s right of contribution shall be subject to the terms and conditions of Section 7.04. The provisions of this
Section 7.10 shall in no respect limit the obligations and liabilities of any Subsidiary Guarantor to the Administrative Agent, the Issuing Bank, the Swingline Lender and the Lenders, and each Subsidiary Guarantor shall remain liable to
the Administrative Agent, the Issuing Bank, the Swingline Lender and the Lenders for the full amount guaranteed by such Subsidiary Guarantor hereunder. 
 EVENTS OF DEFAULT 
 SECTION 8.01 Events of Default.

 Upon the occurrence and during the continuance of the following events (“Events of Default”): 

(a) default shall be made in the payment of any principal of any Loan or any Reimbursement Obligation when and as the same
shall become due and payable, whether at the due date thereof or at a date fixed for prepayment (whether voluntary or mandatory) thereof or by acceleration thereof or otherwise; 

(b) default shall be made in the payment of (i) any interest on any Loan or any Fee due under any Loan Document,
when and as the same shall become due and payable, and such default shall continue unremedied for a period of five (5) Business Days; or (ii) any other amount due under any Loan Document (other than an amount referred to in paragraph
(a) above), when and as the same shall become due and payable, and such default shall continue unremedied for a period of ten (10) Business Days; 
 (c) any representation or warranty made or deemed made by a Loan Party in or in connection with any Loan Document or the borrowings or issuances of Letters of Credit hereunder, or any representation,
warranty, statement or information contained in any written report, certificate, financial statement or other written instrument furnished by a Loan Party in connection with or pursuant to any Loan Document, shall prove to have been false or
misleading in any material respect when so made, deemed made or furnished; 
 (d) default shall be made in
the due observance or performance by any Loan Party of any covenant, condition or agreement contained in: (i) Sections 2.22, 5.02 (other than 5.02(d), for which default shall continue unremedied or shall not be waived for a
period of five (5) Business Days), 5.03(a), 5.08, 5.15, 5.16 or in Article VI; or (ii) Section 5.17 and such default shall continue unremedied for a period of five (5) Business Days;

  
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 (e) default shall be made in the due observance or performance by any Loan
Party of any covenant, condition or agreement contained in any Loan Document (other than those specified in paragraphs (a), (b) or (d) immediately above) and such default shall continue unremedied or shall not be waived for a period of 30
days after written notice thereof from the Administrative Agent or any Lender to Borrowers; 
 (f) (i) any
Loan Party shall (A) fail to pay any principal or interest, regardless of amount, due in respect of any Indebtedness (other than any Obligation and any Hedging Obligation), when and as the same shall become due and payable beyond any applicable
grace period, or (B) fail to observe or perform any other term, covenant, condition or agreement contained in any agreement or instrument evidencing or governing any such Indebtedness if the effect of any failure referred to in this clause
(B) is to cause such Indebtedness to become due prior to its stated maturity or become subject to a mandatory offer purchase by the obligor; provided that, other than in the case of the Oil Supply Agreements, it shall not constitute
an Event of Default pursuant to this paragraph (f) unless the aggregate amount of all such Indebtedness referred to in clauses (A) and (B) in respect of which a Default has occurred then exceeds $40,000,000 at any one time;
provided that this clause shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such a sale or transfer is expressly permitted
hereunder; 
 (ii) An “early termination event” or other similar event shall be incurred by any Loan
Party in respect of any Hedging Obligation in an amount in excess of $40,000,000, which event shall extend beyond any applicable cure periods or grace periods, provided that, in respect of Hedging Obligations of such Loan Party owed to the
applicable counterparty at such time, the amount for purposes of this Section 8.01(f)(ii) shall be the amount payable by on a net basis by such Loan Party to such counterparty as if all Hedging Agreements relating to such Hedging
Obligations were terminated at such time) and provided, further, that such event in each case described in this clause (f)(ii) is unremedied and is not waived by the holders of such Hedging Obligations; 

(g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent
jurisdiction seeking (i) relief in respect of any Loan Party, or of a substantial part of the property of any Loan Party, under Title 11 of the U.S. Code, as now constituted or hereafter amended, or any other federal, state or foreign
bankruptcy, insolvency, receivership or similar law; (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or for a substantial part of the property of any Loan Party; or
(iii) the winding-up or liquidation of any Loan Party; and such proceeding or petition shall continue undismissed for 90 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(h) any Loan Party shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title
11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law; (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or the filing of any petition described in clause (g) above; (iii) apply for or consent to the 

  
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appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or for a substantial part of the property of any Loan Party; (iv) file an
answer admitting the material allegations of a petition filed against it in any such proceeding; (v) make a general assignment for the benefit of creditors; (vi) become unable, admit in writing its inability or fail generally to pay its
debts as they become due; (vii) take any action for the purpose of effecting any of the foregoing; or (viii) wind up or liquidate (other than as permitted by Section 6.05); 

(i) one or more judgments, orders or decrees for the payment of money in an aggregate amount in excess of $40,000,000
shall be rendered against any Loan Party or any combination thereof and the same shall remain undischarged, unvacated or unbonded for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be
legally taken by a judgment creditor to levy upon properties of any Loan Party to enforce any such judgment; 

(j) one or more ERISA Events or similar events with respect to Foreign Plans shall have occurred that, in the opinion of
the Required Lenders, when taken together with all other such ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect or in the imposition of any Lien on any properties of a Loan Party; 

(k) any security interest and Lien purported to be created by any Security Document after delivery thereof shall cease to
be in full force and effect (other than in accordance with its terms), or shall cease to give the Administrative Agent, for the benefit of the Secured Parties, the Liens, rights, powers and privileges purported to be created and granted under such
Security Document (including a perfected first priority security interest in and Lien on all of the Revolving Credit Priority Collateral thereunder (except as otherwise expressly provided in such Security Document)) in favor of the Administrative
Agent, or shall be asserted by Borrowers or any other Loan Party not to be a valid, perfected, and in the case of Revolving Credit Priority Collateral, first priority (except as otherwise expressly provided in this Agreement or such Security
Document) security interest in or Lien on the Collateral covered thereby; except, in each case, described in this Section 8.01(k) to the extent that any such loss of force and effect, loss of benefit, Liens, rights, powers and
privileges, perfection or priority results from the failure of the Administrative Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Security Documents or to file UCC continuation
statements; 
 (l) any Loan Document or any material provisions thereof shall at any time and for any reason be
declared by a court of competent jurisdiction to be null and void, or a proceeding shall be commenced by any Loan Party seeking to establish the invalidity or unenforceability thereof (exclusive of questions of interpretation of any provision
thereof), or any Loan Party shall repudiate or deny (in writing) any material portion of the Collateral, or any portion of its liability, Guarantee, or obligation for the Obligations; or 

(m) there shall have occurred a Change in Control; 
 then, and in every such event (other than an event with respect to the Borrowers described in paragraph (g) or (h) above), and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by notice to Borrowers, take either or both of the following actions, at the same or different times: (i) terminate forthwith the Commitments and (ii) declare the
Loans and Reimbursement Obligations then outstanding to be forthwith due and payable 

  
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in whole or in part, whereupon the principal of the Loans and Reimbursement Obligations so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and
all other Obligations of Borrowers accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by
Borrowers and the Loan Parties, anything contained herein or in any other Loan Document to the contrary notwithstanding; and in any event, with respect to the Borrowers described in paragraph (g) or (h) above, the Commitments shall
automatically terminate and the principal of the Loans and Reimbursement Obligations then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other Obligations of Borrowers accrued hereunder and under any other
Loan Document, shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by Borrowers and the Loan Parties, anything contained herein or in any other
Loan Document to the contrary notwithstanding. 
 SECTION 8.02 Application of Proceeds. 

Subject to the terms of the Intercreditor Agreements, the proceeds received by the Administrative Agent in respect of any sale of,
collection from or other realization upon all or any part of the Collateral pursuant to the exercise by the Administrative Agent of its remedies shall be applied, in full or in part, together with any other sums then held by the Administrative Agent
pursuant to this Agreement and the other Loan Documents, promptly by the Administrative Agent as follows: 
 (a)
First, to the payment of all reasonable costs and expenses, fees, commissions and taxes of such sale, collection or other realization including compensation to the Administrative Agent and its agents and counsel, and all expenses, liabilities
and advances made or incurred by the Administrative Agent in connection therewith and all amounts for which the Administrative Agent is entitled to indemnification pursuant to the provisions of any Loan Document, together with interest on each such
amount at the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until paid in full; 
 (b) Second, to the payment of all other reasonable costs and expenses of such sale, collection or other realization including compensation to the other Secured Parties and their agents and counsel
and all costs, liabilities and advances made or incurred by the other Secured Parties in connection therewith, together with interest on each such amount at the highest rate then in effect under this Agreement from and after the date such amount is
due, owing or unpaid until paid in full; 
 (c) Third, without duplication of amounts applied pursuant to
clauses (a) and (b) above, to the payment in full in cash, pro rata, of (A) interest and other amounts constituting Obligations (other than principal, Reimbursement Obligations and obligations to cash
collateralize Letters of Credit) and any fees, premiums and scheduled periodic payments due under Hedging Agreements, but excluding the Last-Out Portion, and/or Treasury Services Agreements constituting Secured Obligations and any interest accrued
thereon, in each case equally and ratably in accordance with the respective amounts thereof then due and owing; and (B) principal amount of the Obligations and any premium thereon, including Reimbursement Obligations and obligations to cash
collateralize Letters of Credit in accordance with the procedures set forth in Section 2.18(i), and any breakage, termination or other payments under Hedging Agreements, but excluding the Last-Out Portion, and Treasury Services
Agreements constituting Secured Obligations and any interest accrued thereon; 

  
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 (d) Fourth, to the to the payment in full in cash, pro rata
(A) of interest and any fees, premiums and scheduled periodic payments due under Hedging Agreements; and (B) of principal amount and any premium thereon and any breakage, termination or other payments under Hedging Agreements, in the case
of clauses (A) and (B), constituting the Last-Out Portion; and 
 (e) Fifth, the balance, if
any, to the person lawfully entitled thereto (including the applicable Loan Party or its successors or assigns) or as a court of competent jurisdiction may direct. 
 In the event that any such proceeds are insufficient to pay in full the items described in clauses (a) through (d) of this Section 8.02, the Loan Parties shall remain liable, jointly
and severally, for any deficiency. 
 ARTICLE IX 
 THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENTS 
 SECTION 9.01
Appointment and Authority. 
 Each of the Lenders and the Issuing Bank hereby irrevocably appoints UBS AG, Stamford
Branch, to act on its behalf as the Administrative Agent and UBS Collateral Agent, Bank of America, N.A. and Wells Fargo Bank, N.A., in their capacity as Co-Collateral Agents, to act on its behalf as Co-Collateral Agents hereunder and under the
other Loan Documents and authorizes such Agents to take such actions on its behalf and to exercise such powers as are delegated to such Agents by the terms hereof or thereof, together with such actions and powers as are reasonably incidental
thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Co-Collateral Agents, the Lenders and the Issuing Bank, and neither Borrowers nor any other Loan Party shall have rights as a third party beneficiary
of any of such provisions. In the event that the Co-Collateral Agents disagree as to the exercise of any power that is delegated jointly to the Co-Collateral Agents, such disagreement shall be settled as separately determined by them. The
Administrative Agent and the Co-Collateral Agents hereby agree that, to the extent that they are otherwise unable to reach a mutually acceptable agreement as to any matter related to Borrowing Base eligibility criteria, Reserves or any other matter
related to the Borrowing Base or the Collateral that is to be determined by, or at the discretion of, the Administrative Agent and/or the Co-Collateral Agents under the terms of this Agreement, the consenting vote of two of the three Co-Collateral
Agents shall prevail; provided that if there are only two Co-Collateral Agents at the time of such determination, the position of the individual Co-Collateral Agent which results in more restrictive eligibility criteria or the larger Reserve
or that is more protective of the Collateral shall prevail. 
 SECTION 9.02 Rights as a Lender. 

Each person serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may
exercise the same as though it were not an Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person serving as an Agent hereunder in its
individual capacity. Such person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Borrowers or any Subsidiary or other
Affiliate thereof as if such person were not an Agent hereunder and without any duty to account therefor to the Lenders. 

  
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 SECTION 9.03 Exculpatory Provisions. 

No Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting
the generality of the foregoing, no Agent: 
 (i) shall be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing; 
 (ii) shall have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or
such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that such Agent shall not be required to take any action that, in its judgment or the judgment of its counsel,
may expose such Agent to liability or that is contrary to any Loan Document or applicable Requirements of Law; and 
 (iii) shall, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to
Borrowers or any of its Affiliates that is communicated to or obtained by the person serving as such Agent or any of its Affiliates in any capacity. 
 No Agent shall be liable for any action taken or not taken by it (x) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 10.02) or (y) in the absence of its own gross negligence or willful misconduct. No Agent shall be deemed to
have knowledge of any Default unless and until notice describing such Default is given to such Agent by Borrowers, a Lender or the Issuing Bank. 
 No Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document,
(ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions
set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such Agent. Without limiting the generality of the foregoing, the use of the term “agent” in
this Agreement with reference to the Administrative Agent or the Co-Collateral Agents is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term us used
merely as a matter of market custom and is intended to create or reflect only an administrative relationship between independent contracting parties. 
 Each party to this Agreement acknowledges and agrees that the Administrative Agent may use an outside service provider for the tracking of all UCC financing statements required to be filed pursuant to the
Loan Documents and notification to the Administrative Agent, of, among other things, the upcoming lapse or expiration thereof, and that any such service provider will be deemed to be acting at the request and on behalf of Borrowers and the other
Loan Parties. No Agent shall be liable for any action taken or not taken by any such service provider. 

  
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 SECTION 9.04 Reliance by Agent. 

Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such
Lender or the Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or the Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit. Each Agent may consult with legal
counsel (who may be counsel for Borrowers), independent accountants and other experts selected by it, and shall be entitled to rely upon the advice of any such counsel, accountants or experts and shall not be liable for any action taken or not taken
by it in accordance with such advice. 
 SECTION 9.05 Delegation of Duties. 

Each Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through, or delegate any and all such rights and powers to, any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective
Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the
credit facilities provided for herein as well as activities as Agent. 
 SECTION 9.06 Resignation of Agent.

 (a) Each Agent may at any time give notice of its resignation to the Lenders, the Issuing Bank and Borrowers. Upon receipt of
any such notice of resignation, the Required Lenders shall have the right, in consultation with Borrowers, to appoint a successor, which shall be a Lender that is a bank with an office in the United States or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent meeting the qualifications set forth above provided that if the Administrative Agent shall notify Borrowers and the Lenders that no
qualifying person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and
under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Bank under any of the Loan Documents, the retiring Administrative Agent shall continue to
hold such collateral security as nominee until such time as a successor Administrative Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be
made by or to each Lender and the Issuing Bank directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as
Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, 

  
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privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the
other Loan Documents (if not already discharged therefrom as provided above in this paragraph). The fees payable by Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between
Borrowers and such successor. After the retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article IX and Section 10.03 shall continue in effect for the benefit of such retiring
Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Agent was acting as Agent. 
 (b) Any resignation by UBS AG, Stamford Branch as Administrative Agent pursuant to Section 9.06(a) shall, unless UBS AG, Stamford Branch gives notice to Borrowers otherwise, also constitute its
resignation as Issuing Bank and Swingline Lender, and such resignation as Issuing Bank and Swingline Lender shall become effective simultaneously with the discharge of the Administrative Agent from its duties and obligations as set forth in the
immediately preceding paragraph (except as to already outstanding Letters of Credit and LC Obligations and Swingline Loans, as to which the Issuing Bank and the Swingline Lender shall continue in such capacities until the LC Exposure relating
thereto shall be reduced to zero and such Swingline Loans shall have been repaid, as applicable, or until the successor Administrative Agent shall succeed to the roles of Issuing Bank and Swingline Lender in accordance with the next sentence and
perform the actions required by the next sentence). Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, unless UBS AG, Stamford Branch and such successor gives notice to Borrowers otherwise, (i) such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank and Swingline Lender and (ii) the successor Issuing Bank shall issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing to effectively assume the obligations of the retiring Issuing Bank with respect to such Letters of Credit. At the
time any such resignation of the Issuing Bank shall become effective, Borrowers shall pay all unpaid fees accrued for the account of the retiring Issuing Bank pursuant to Section 2.05(c). 

SECTION 9.07 Non-Reliance on Agent and Other Lenders. 

Each Lender and the Issuing Bank acknowledges that it has, independently and without reliance upon any Agent or any other Lender and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender further represents and warrants that it has had the opportunity to review the documents made
available to it on the Platform in connection with this Agreement and has acknowledged and accepted the terms and conditions applicable to the recipients thereof. Each Lender and the Issuing Bank also acknowledges that it will, independently and
without reliance upon any Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any
other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
 SECTION 9.08
Withholding Tax. 
 To the extent required by any applicable law, the Administrative Agent may withhold from any
payment to any Lender an amount equivalent to any applicable withholding tax. Without limiting the provisions of Section 2.15(a) or (c), each Lender and the Issuing Bank shall, and does hereby, indemnify the Administrative Agent, and
shall make payable in respect thereof within 30 days after demand 

  
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therefor, against any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent)
incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or for the account of
any Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the
exemption from, or reduction of withholding tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender or the Issuing Bank by the Administrative Agent shall be conclusive absent manifest error. Each Lender
and the Issuing Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or Issuing Bank under this Agreement or any other Loan Document against any amount due the Administrative Agent
under this Section 9.08. The agreements in this Section 9.08 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the
Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 SECTION 9.09 No Other Duties,
etc. 
 Anything herein to the contrary notwithstanding, none of the Joint Lead Bookmanagers, the Joint Lead Arrangers,
Co-Syndication Agents or Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative
Agent, a Co-Collateral Agent, a Lender or the Issuing Bank hereunder. 
 SECTION 9.10 Enforcement. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent, or as the Required Lenders may require or otherwise direct, for the benefit of all the Lenders and the Issuing Bank; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from
exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the Issuing Bank or the Swingline Lender from exercising the
rights and remedies that inure to its benefit (solely in its capacity as Issuing Bank or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with, and
subject to, the terms of this Agreement, or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any bankruptcy or insolvency law.

  
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 ARTICLE X 
 MISCELLANEOUS 
 SECTION 10.01 Notices. 

(a) Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as
provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows:

 (i) if to any Loan Party, to Holdings at: 
 PBF Holding Company LLC 
 1 Sylvan Way, 2nd Floor 

Parsippany, NJ 07054-3887 
 Attention: Jeffrey Dill 
 Telecopier No.: (973) 455-7562 

Email: jeffrey.dill@pbfenergy.com 
 with a copy to: 
 Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York, New York 10022 
 Attention: Andres C. Mena, Esq. 

Telecopier No.: (212) 446-4900 
 Email: andres.mena@kirland.com 
 (ii) if to the Administrative Agent, UBS
Collateral Agent or Issuing Bank, to it at: 
 UBS AG, Stamford Branch 

677 Washington Boulevard 
 Stamford, Connecticut 06901 
 Attention: David Urban 

Telecopier No.: (203) 719-4176 
 Email: DL-UBSAgency@ubs.com 
 with a copy to: 

Winston & Strawn LLP 
 200 Park Avenue 
 New York, New York 10166 

Attention: William D. Brewer, Esq. 
 Telecopier No.: (212) 294-4700 
 Email: wbrewer@winston.com 

  
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 (iii) if to Bank of America, N.A., as a Co-Collateral Agent, to it at: 

Bank of America, N.A. 
 TX1-492-11-23 
 901 Main Street 

Dallas, TX 75202 
 Attention: BABC Portfolio Management 
 Telecopier No.: 214-209-4766 

Email: james.allin@baml.com 
 (iv) if to Wells Fargo Bank, N.A., as a Co-Collateral Agent, to it at: 
 Wells
Fargo Bank, N.A. 
 2450 Colorado Avenue, Suite 3000 West 

Santa Monica, CA 90404 
 Attention: Peter Aziz 
 Telecopier No.: 866-615-7803 

Email: peter.aziz@wellsfargo.com 
 (v) if to a Lender, to it at its address (or telecopier number) set forth in its Administrative Questionnaire; and 
 (vi) if to the Swingline Lender, to it at: 
 UBS Loan Finance LLC 

677 Washington Boulevard 
 Stamford, Connecticut 06901 
 Attention: David Urban 

Telecopier No.: (203) 719-4176 
 Email: DL-UBSAgency@ubs.com 
 Notices sent by hand or overnight courier service, or mailed
by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to
have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). Any
party hereto may change its address or telecopier number for notices and other communications hereunder by written notice to Borrowers, the Agents, the Issuing Bank and the Swingline Lender. 

(b) Electronic Communications. Notices and other communications to the Lenders and the Issuing Bank hereunder may (subject to the
provisions of this Section 10.01) be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing
shall not apply to notices to any Lender or the Issuing Bank pursuant to Article II if such Lender or the Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by
electronic communication. The Administrative Agent, the Co-Collateral Agents or Borrowers may, in their 

  
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discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it (including pursuant to the provisions of this
Section 10.01); provided that approval of such procedures may be limited to particular notices or communications. 
 Each
Loan Party hereby agrees that it will provide to the Administrative Agent all information, documents and other materials that it is obligated to furnish to the Administrative Agent or the Lenders pursuant to this Agreement and any other Loan
Document, including all notices, requests, financial statements, financial and other reports, certificates and other information materials (the “Communications”), by transmitting them in an electronic medium in a format reasonably
acceptable to the Administrative Agent at DL-UBSAGENCY@UBS.COM or at such other e-mail address(es) provided to Borrowers from time to time or in such other form as the Administrative Agent shall require. In addition, each Loan Party agrees to
continue to provide the Communications to the Administrative Agent in the manner specified in this Agreement or any other Loan Document or in such other form as the Administrative Agent shall require. Nothing in this Section 10.01 shall
prejudice the right of the Agents, the Issuing Bank, any Lender or any Loan Party to give any notice or other communication pursuant to this Agreement or any other Loan Document in any other manner specified in this Agreement or any other Loan
Document or as any such Agent or the Issuing Bank, as the case may be, shall require. 
 Unless the Administrative Agent
otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have
been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its
e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 
 To the extent consented to by the Administrative Agent in writing from time to time, the Administrative Agent agrees that receipt of the Communications (other than any such Communication that
(i) relates to a request for a new, or a conversion of an existing, Borrowing or other extension of credit (including any election of an interest rate or interest period relating thereto), (ii) relates to the payment of any principal or
other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Default under this Agreement or (iv) is required to be delivered to satisfy any condition precedent to the effectiveness of this
Agreement and/or any borrowing or other extension of credit hereunder) by the Administrative Agent at its e-mail address(es) set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the
Loan Documents. 
 (c) Platform. Each Loan Party further agrees that any Agent may make the Communications available to
the Lenders by posting the Communications on SyndTrak or a substantially similar secure electronic transmission system (the “Platform”). The Platform is provided “as is” and “as available.” The Agents do not
warrant the accuracy or completeness of the Communications, or the adequacy of the Platform and expressly disclaim liability for errors or omissions in the communications. No warranty of any kind, express, implied or statutory, including, without
limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by any Agent in connection with the Communications or the Platform. In no
event shall any Agent or any of its Related Parties have any liability to the Loan Parties, any Lender or 

  
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any other person for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of
any Loan Party’s or such Agent’s transmission of communications through the Internet, except to the extent the liability of such person is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from
such person’s gross negligence or willful misconduct. 
 (d) Public/Private. Each Loan Party hereby authorizes the
Administrative Agent to distribute (i) to Private Siders all Communications, including any Communication that Borrowers identify in writing is to be distributed to Private Siders only (“Private Side Communications”), and
(ii) to Public Siders all Communications other than any Private Side Communication. “Private Siders” shall mean Lenders’ employees and representatives who have declared that they are authorized to receive MNPI.
“Public Siders” shall mean Lenders’ employees and representatives who have not declared that they are authorized to receive MNPI; it being understood that Public Siders may be engaged in investment and other market-related
activities with respect to Borrowers’ or their affiliates’ securities or loans. “MNPI” shall mean material non-public information (within the meaning of United States federal securities laws) with respect to Borrowers,
their affiliates and any of their respective securities. 
 Each Lender acknowledges that United States federal and state
securities laws prohibit any person from purchasing or selling securities on the basis of material, non-public information concerning the issuer of such securities or, subject to certain limited exceptions, from communicating such information to any
other person. Each Lender confirms that it has developed procedures designed to ensure compliance with these securities laws. 

Each Lender acknowledges that circumstances may arise that require it to refer to Communications that may contain MNPI. Accordingly, each
Lender agrees that it will use commercially reasonable efforts to designate at least one individual to receive Private Side Communications on its behalf in compliance with its procedures and applicable law and identify such designee (including such
designee’s contact information) on such Lender’s Administrative Questionnaire. Each Lender agrees to notify the Administrative Agent in writing from time to time of such Lender’s designee’s e-mail address to which notice of the
availability of Private Side Communications may be sent by electronic transmission. 
 Each Lender that elects not to be given
access to Private Side Communications does so voluntarily and, by such election, (i) acknowledges and agrees that the Agents and other Lenders may have access to Private Side Communications that such electing Lender does not have and
(ii) takes sole responsibility for the consequences of, and waives any and all claims based on or arising out of, not having access to Private Side Communications. 
 SECTION 10.02 Waivers; Amendment. 
 (a) Generally. No failure
or delay by any Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of each Agent, the Issuing Bank and the Lenders hereunder
and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any
event be effective unless the same shall be permitted by this Section 10.02, and then such waiver or consent shall be effective only in the specific 

  
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instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any
Default, regardless of whether any Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. No notice or demand on Borrowers in any case shall entitle Borrowers to any other or further notice or demand in
similar or other circumstances. 
 (b) Required Consents. Subject to Section 10.02(c), and (d),
neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended, supplemented or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by
Borrowers and the Administrative Agent or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent, the Co-Collateral Agents (in the case of any Security Document) and the
Loan Party or Loan Parties that are party thereto, in each case with the written consent of the Required Lenders; provided that no such agreement shall be effective if the effect thereof would: 

(i) increase the Commitment of any Lender without the written consent of such Lender (it being understood that no
amendment, modification, termination, waiver or consent with respect to any condition precedent, mandatory prepayment covenant or Default shall constitute an increase in the Commitment of any Lender); 

(ii) reduce the principal amount or premium, if any, of any Loan (except in connection with a payment contemplated by
clause (viii) below) or LC Disbursement or reduce the rate of interest thereon including any provision establishing a minimum rate (other than interest pursuant to Section 2.06(c)), or reduce any Fees payable hereunder, or change
the form or currency of a payment of any Obligation, without the written consent of each Lender directly affected thereby (it being understood that any amendment or modification to the financial definitions in this Agreement shall not constitute a
reduction in the rate of interest for purposes of this clause (ii) and it being understood that, for the avoidance of doubt, only the consent of the Required Lenders shall be required to amend the definition of “Default Rate”
or to waive any obligation of the Borrowers to pay interest or any other payment due hereunder or under any other Loan Document at the Default Rate); 
 (iii) (A) change the scheduled final maturity of any Loan, (B) postpone the fixed date for payment of any Reimbursement Obligation or any interest, premium or Fees payable hereunder,
(C) reduce the amount of, waive or excuse any such payment (other than waiver of any increase in the interest rate pursuant to Section 2.06(c)), or (D) postpone the scheduled date of expiration of any Commitment or any Letter
of Credit beyond the Revolving Maturity Date, in any case, without the written consent of each Lender directly affected thereby; 
 (iv) increase the maximum duration of Interest Periods hereunder, without the written consent of each Lender directly affected thereby; 

(v) permit the assignment or delegation by Borrowers of any of their rights or obligations under any Loan Document,
without the written consent of each Lender; 
 (vi) except pursuant to the Intercreditor Agreements, release
Borrowers or all or substantially all of the Subsidiary Guarantors from their Guarantee (except as expressly provided in Article VII), or limit their liability in respect of any such Guarantee, without the written consent of each Lender;

  
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 (vii) except pursuant to the Intercreditor Agreements, release all or a
substantial portion of the Collateral from the Liens of the Security Documents or alter the relative priorities of the Secured Obligations entitled to the Liens of the Security Documents, in each case without the written consent of each Lender (it
being understood that additional Classes of Loans consented to by the Required Lenders may be equally and ratably secured by the Collateral with the then existing Secured Obligations under the Security Documents); 

(viii) change Section 2.14(b), (c) or (d) in a manner that would alter the pro
rata sharing of payments or setoffs required thereby or any other provision in a manner that would alter the pro rata allocation among the Lenders of Loan disbursements, including the requirements of Sections 2.02(a),
2.17(d) and 2.18(d), without the written consent of each Lender directly adversely affected thereby; 
 (ix) change any provision of this Section 10.02(b) or Section 10.02(c) or (d), without the written consent of each Lender directly adversely affected thereby (except
for additional restrictions on amendments or waivers for the benefit of Lenders of additional Classes of Loans pursuant to Section 2.20 or consented to by the Required Lenders); 

(x) change the percentage set forth in the definition of “Required Lenders,” or any other provision of any
Loan Document (including this Section) specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written
consent of each Lender (or each Lender of such Class, as the case may be), other than to increase such percentage or number or to give any additional Lender or group of Lenders such right to waive, amend or modify or make any such determination or
grant any such consent; 
 (xi) subordinate the Obligations to any other obligation, without the written
consent of each Lender; 
 (xii) change or waive any provision of Article IX as the same applies to
any Agent, or any other provision hereof as the same applies to the rights or obligations of any Agent, in each case without the written consent of such Agent; 
 (xiii) change or waive any obligation of the Lenders relating to the issuance of or purchase of participations in Letters of Credit, without the written consent of the Administrative Agent and the
Issuing Bank; 
 (xiv) change or waive any provision hereof relating to Swingline Loans (including the
definition of “Swingline Commitment”), without the written consent of the Swingline Lender; or 

(xv) change or waive any provision hereof as the same directly applies to the rights or obligations of any Issuing
Bank without the written consent of such Issuing Bank; 
 provided, further, that (A) that no amendment or waiver that would change
the definition of “Borrowing Base”, including, without limitation, the advance rates contained therein, the definition of “Eligible Accounts” or “Eligible Hydrocarbon Inventory”, the definition of “Reserves”,
the definition of “Hedging 

  
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Reserves” or any other defined terms contained in the definition of “Borrowing Base” in order to increase Borrowing Availability shall be effective unless the same shall be in
writing and signed by Supermajority Lenders, the Borrowers and acknowledged by the Administrative Agent and the Co-Collateral Agents and (B) any waiver, amendment or modification of the Intercreditor Agreements (and any related definitions) may
be effected by an agreement or agreements in writing entered into by the Administrative Agent (with the consent of the Required Lenders but without the consent of any Loan Party, so long as such amendment, waiver or modification does not impose any
additional duties or obligations on the Loan Parties or alter or impair any right of any Loan Party under the Loan Documents). 

Notwithstanding anything to the contrary herein: 
 (I) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except to the extent the consent of such Lender would be required under clause (i),
(ii) or (iii) in the proviso to the first sentence of this Section 10.02(b) (it being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be excluded for purposes of a vote of the Lenders
hereunder requiring any consent of the Lenders); and 
 (II) any Loan Document may be waived, amended,
supplemented or modified pursuant to an agreement or agreements in writing entered into by Borrowers and the Administrative Agent (without the consent of any Lender) solely to cure a defect or error, or to grant a new Lien for the benefit of the
Secured Parties or extend an existing Lien over additional property; 
 (c) Collateral. Without the consent of any other
person, the applicable Loan Party or Parties and the Administrative Agent and/or Co-Collateral Agents may (in its or their respective sole discretion, or shall, to the extent required by any Loan Document) enter into any amendment or waiver of any
Loan Document, or enter into any new agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the
Secured Parties, or as required by local law to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable Requirements of Law.

 (d) Dissenting Lenders. If, in connection with any proposed change, waiver, discharge or termination of the provisions
of this Agreement as contemplated by Section 10.02(b), the consent of the Required Lenders is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained, then Borrowers shall have the right to
replace all, but not less than all, of such non-consenting Lender or Lenders (so long as all non-consenting Lenders are so replaced) with one or more persons pursuant to Section 2.16(b) so long as at the time of such replacement each
such new Lender consents to the proposed change, waiver, discharge or termination. 
 SECTION 10.03 Expenses; Indemnity;
Damage Waiver. 
 (a) Costs and Expenses. Borrowers shall pay (i) all reasonable out-of-pocket expenses
incurred by the Administrative Agent, the Co-Collateral Agents and their respective Affiliates (including the reasonable and documented out-of-pocket fees, charges and disbursements of one (1) counsel, together with local counsel, as
appropriate, for the Administrative Agent and/or the Co-Collateral Agents) in connection with the syndication of the credit facilities provided for herein (including the obtaining and maintaining of CUSIP numbers for the Loans), the due diligence
investigation, travel expenses, preparation, 

  
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negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendment, amendment and restatement, modification or waiver of the provisions hereof or
thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), including in connection with post-closing searches to confirm that security filings and recordations have been properly made and including any reasonable
and documented out-of-pocket costs and expenses of the service provider referred to in Section 9.03, (ii) all reasonable and documented out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Co-Collateral Agents, any Lender or the Issuing Bank
(including the reasonable and documented out-of-pocket fees, charges and disbursements of one (1) counsel for the Administrative Agent and one (1) counsel for the other Lenders (absent actual conflict) and one (1) local counsel for
the Secured Parties (absent actual conflict) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section 10.03, or
(B) in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of
Credit and (iv) all documentary and similar taxes and charges in respect of the Loan Documents in accordance with the terms hereof and thereof. 
 (b) Indemnification by Borrowers. Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), the Co-Collateral Agents (and any sub-agent thereof) each Lender and the Issuing
Bank, and each Related Party of any of the foregoing persons (each such person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable
out-of-pocket related expenses (including the reasonable out-of-pocket fees, charges and disbursements of one counsel for the Indemnitees, and if reasonably necessary, one local counsel to the Indemnitees in each relevant jurisdiction, and solely,
in the case of conflicts of interest, appropriate counsel in each applicable material jurisdiction to the affected Indemnitee) incurred by any Indemnitee or asserted against any Indemnitee by any party hereto or any third party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document, or any amendment, amendment and restatement, modification or waiver of the provisions hereof or thereof, or any agreement or instrument
contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use
or proposed use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such
Letter of Credit), (iii) any actual or alleged presence or Release or threatened Release of Hazardous Materials on, at, under or from any property owned, leased or operated by any Company at any time, or any Environmental Claim related in any
way to any Company, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by Borrowers or any
other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses
(x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, (y) result from a claim brought by Borrowers or any
other Loan Party against an Indemnitee for material breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if Borrowers or such Loan Party has obtained a final and nonappealable judgment in its favor on
such claim as determined by a court of competent jurisdiction or (z) result from any dispute solely among Indemnitees other than claims 

  
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against any Joint Lead Arranger in its capacity or fulfilling its role as Administrative Agent, Co-Collateral Agent or Joint Lead Arranger, as the case may be, and other than claims arising out
of any act or omission on the part of the Borrowers, any Loan Party or their respective Affiliates. For the avoidance of doubt, this Section 10.03(b) shall not apply to Taxes other than Taxes that represent losses, claims, damages,
liabilities or related expenses with respect to a non-Tax claim. 
 (c) Reimbursement by Lenders. To the extent that
Borrowers for any reason fail to pay in cash any amount required under paragraph (a) or (b) of this Section 10.03 to be paid by it to the Administrative Agent (or any sub-agent thereof), the Co-Collateral Agents, the Issuing
Bank, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Co-Collateral Agents (or any sub-agent thereof), the Issuing Bank, the Swingline
Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (such indemnity shall be effective
whether or not the related losses, claims, damages, liabilities and related expenses are incurred or asserted by any party hereto or any third party); provided that (i) the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the Co-Collateral Agents (or any sub-agent thereof), the Swingline Lender or the Issuing Bank in its capacity as
such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the Co-Collateral Agents (or any sub-agent thereof), the Swingline Lender or Issuing Bank in connection with such capacity and
(ii) such indemnity for the Swingline Lender or the Issuing Bank shall not include losses incurred by the Swingline Lender or the Issuing Bank due to one or more Lenders defaulting in their obligations to purchase participations of Swingline
Exposure under Section 2.17(d) or LC Exposure under Section 2.18(d) or to make Revolving Loans under Section 2.18(e) (it being understood that this proviso shall not affect the Swingline Lender’s or the
Issuing Bank’s rights against any Defaulting Lender). The obligations of the Lenders under this paragraph (c) are subject to the provisions of Section 2.14. For purposes hereof, a Lender’s “pro rata
share” shall be determined based upon its share of the sum of the total Revolving Exposure and unused Commitments at the time. 
 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Requirements of Law, no party hereto shall assert, and each party hereto hereby waives, any claim
against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for
any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan
Documents or the transactions contemplated hereby or thereby. 
 (e) Payments. All amounts due under this Section
shall be payable not later than 5 Business Days after written demand therefor. 
 SECTION 10.04 Successors and
Assigns. 
 (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that Borrowers may not assign or otherwise transfer any of its rights or obligations

  
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hereunder without the prior written consent of the Administrative Agent, the Co-Collateral Agents, the Issuing Lender, the Swingline Lender and each Lender and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of paragraph (b) of this Section 10.04, (ii) by way of participation in accordance with the
provisions of paragraph (d) of this Section 10.04 or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (and any other attempted
assignment or transfer by Borrowers shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any person (other than the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the other Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments by Lenders. 
 (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A) Borrowers; provided that no consent of Borrowers shall be required for an assignment to a Lender, an Affiliate
of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing under Sections 8.01 (a), (b), (g) or (h), any other assignee; 

(B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an
assignment of any Revolving Commitment to an assignee that is a Lender with a Revolving Commitment immediately prior to giving effect to such assignment; and 
 (C) the Issuing Bank and the Swingline Lender. 

(ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of any assignment made in connection with the primary syndication of the Commitment and Loans
by the Joint Lead Arrangers or an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund
with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as
of the Trade Date) shall not be less than $5.0 million (with increments of $1.0 million in excess thereof), in the case of any assignment in respect of Revolving Loans and/or Revolving Commitments, unless each of the Administrative Agent and, so
long as no Default has occurred and is continuing, Borrowers otherwise consent (each such consent not to be unreasonably withheld or delayed); 

  
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 (B) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a
portion of its rights and obligations among separate tranches on a non-pro rata basis; and 
 (C) the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to
paragraph (c) of this Section 10.04, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 2.12, 2.13, 2.15 and 10.03 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.04(d).

 (c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of Borrowers,
shall maintain a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and LC
Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and Borrowers, the Administrative Agent, the Issuing Bank and the Lenders shall
treat each person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Borrowers, the
Issuing Bank (with respect to Revolving Lenders only), the Co-Collateral Agents, the Swingline Lender (with respect to Revolving Lenders only) and any Lender (with respect to its own interest only), at any reasonable time and from time to time upon
reasonable prior notice. This Section 10.04(c) shall be construed so that the Loans and Obligations are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code.

 (d) Participations. Any Lender may at any time, without the consent of, or notice to, Borrowers, the Administrative
Agent, the Issuing Bank or the Swingline Lender sell participations to any person (other than a natural person or Borrowers or any of their Affiliates) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and (iii) Borrowers, the Administrative Agent and the Lenders and Issuing Bank shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. 

  
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 Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce the Loan Documents and to approve any amendment, modification or waiver of any provision of the Loan Documents; provided that such agreement or instrument may provide that such
Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in clause (i), (ii) or (iii) of the first proviso to Section 10.02(b) that affects such Participant. Subject to
paragraph (e) of this Section, Borrowers agree that each Participant shall be entitled to the benefits of Sections 2.12, 2.13 and 2.15 (subject to the requirements of those Sections) to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a
Lender; provided such Participant agrees to be subject to Section 2.14 as though it were a Lender. 
 Each
Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each
person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 
 (e) Limitations on Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections 2.12, 2.13 and 2.15 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with Borrowers’ prior written consent (not to be unreasonably withheld or delayed).

 (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its
rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. In the case of any Lender that is a fund that invests in bank loans, such Lender may, without the consent of Borrowers or the Administrative Agent,
collaterally assign or pledge all or any portion of its rights under this Agreement, including the Loans and Notes or any other instrument evidencing its rights as a Lender under this Agreement, to any holder of, trustee for, or any other
representative of holders of, obligations owed or securities issued, by such fund, as security for such obligations or securities. 
 (g) Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to
include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case
may be, to the extent and as provided for in any applicable Requirement of Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state
laws based on the Uniform Electronic Transactions Act. 

  
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 SECTION 10.05 Survival of Agreement. 

All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the
making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Agents, the Issuing Bank or any Lender may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under
this Agreement is outstanding (other than Unasserted Contingent Obligations) and unpaid or any Letter of Credit is outstanding (unless back stopped or cash collateralized in a manner reasonably acceptable to the Administrative Agent and the Issuing
Bank) and so long as the Commitments have not expired or terminated. The provisions of Sections 2.12, 2.14, 2.15 and Article X (other than Sections 10.02, 10.04, 10.08, 10.12, 10.14 and
10.19) shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the payment of the Reimbursement Obligations, the expiration or termination of the
Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 
 SECTION 10.06
Counterparts; Integration; Effectiveness. 
 This Agreement may be executed in counterparts (and by different parties
hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate letter agreements with respect to
fees payable to the Administrative Agent and the Lenders, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that,
when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopier or other electronic transmission (i.e. a “pdf” or “tif”
document) shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 10.07
Severability. 
 Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 10.08
Right of Setoff. 
 If an Event of Default shall have occurred and be continuing, each Lender, the Issuing Bank, and
each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Requirements of Law, to set off and apply any and all deposits (general or special, time or demand, provisional
or final, in whatever currency), but excluding accounts 

  
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used solely for payroll, taxes, employee benefits or trust or fiduciary purposes, at any time held and other obligations (in whatever currency) at any time owing by such Lender, the Issuing Bank
or any such Affiliate to or for the credit or the account of Borrowers or any other Loan Party against any and all of the obligations of Borrowers or such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such
Lender or the Issuing Bank, irrespective of whether or not such Lender or the Issuing Bank shall have made any demand under this Agreement or any other Loan Document and although such obligations of Borrowers or such Loan Party may be contingent or
unmatured or are owed to a branch or office of such Lender or the Issuing Bank different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, the Issuing Bank and their respective Affiliates
under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the Issuing Bank or their respective Affiliates may have. Each Lender and the Issuing Bank agrees to notify Borrowers and the
Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

SECTION 10.09 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) Governing Law. This Agreement and the transactions contemplated hereby, and all disputes between the parties under or relating
to this Agreement or the facts or circumstances leading to its execution, whether in contract, tort or otherwise, shall be construed in accordance with and governed by the laws (including statutes of limitation) of the State of New York, without
regard to conflicts of law principles that would require the application of the laws of another jurisdiction. 
 (b)
Submission to Jurisdiction. Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the
United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of
the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such
Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement or any other Loan Document shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan
Party or its properties in the courts of any jurisdiction. 
 (c) Venue. Each party hereto hereby irrevocably and
unconditionally waives, to the fullest extent permitted by applicable Requirements of Law, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any
other Loan Document in any court referred to in Section 10.09(b). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Requirements of Law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 
 (d) Service of Process. Each party hereto irrevocably
consents to service of process in any action or proceeding arising out of or relating to any Loan Document, in the manner provided for notices (other than telecopier) in Section 10.01. Nothing in this Agreement or any other Loan Document
will affect the right of any party hereto to serve process in any other manner permitted by applicable Requirements of Law. 

  
 -147-

 SECTION 10.10 Waiver of Jury Trial. 

Each Loan Party hereby waives, to the fullest extent permitted by applicable Requirements of Law, any right it may have to a trial by
jury in any legal proceeding directly or indirectly arising out of or relating to this Agreement, any other Loan Document or the transactions contemplated hereby (whether based on contract, tort or any other theory). Each party hereto
(a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges that
it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section. 
 SECTION 10.11 Headings. 
 Article and Section headings and the Table
of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 10.12 Treatment of Certain Information; Confidentiality. 

Each of the Administrative Agent, the Lenders and the Issuing Bank agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the persons to
whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any Governmental Authority or regulatory authority (including any
self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Requirements of Law or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions substantially the same as those of this Section 10.12, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this
Agreement, (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to Borrowers and their obligations or (iii) any rating agency for the purpose of obtaining a credit rating applicable
to any Lender, (g) with the consent of Borrowers, (h) to any credit insurance provider relating to the Borrowers and their obligations or (i) to the extent such Information (x) becomes publicly available other than as a result of
a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, the Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than Borrowers. In addition, the Administrative
Agent and Lenders may publish or disseminate general information concerning this credit facility for league table, tombstone and advertising purposes. For purposes of this Section, “Information” means all information received from
Loan Parties or any of their Subsidiaries or Affiliates relating to Loan Parties or any of their Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the
Issuing Bank on a nonconfidential basis prior to disclosure by Loan Parties or any of their Subsidiaries or Affiliates. Any person required to maintain the confidentiality of Information as provided in this Section

  
 -148-

 
shall be considered to have complied with its obligation to do so if such person has exercised the same degree of care to maintain the confidentiality of such Information as such person would
accord to its own confidential information. 
 SECTION 10.13 USA PATRIOT Act Notice and Customer Verification.

 Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notify Borrowers that pursuant to the “know your customer” regulations and the requirements of the USA PATRIOT Act, they are required to obtain, verify and record information that identifies each Loan Party, which information
includes the name, address and tax identification number (and other identifying information in the event this information is insufficient to complete verification) that will allow such Lender or the Administrative Agent, as applicable, to verify the
identity of each Loan Party. This information must be delivered to the Lenders and the Administrative Agent no later than five days prior to the Closing Date and thereafter promptly upon request. This notice is given in accordance with the
requirements of the USA PATRIOT Act and is effective as to the Lenders and the Administrative Agent. 
 SECTION 10.14
Interest Rate Limitation. 
 Notwithstanding anything herein to the contrary, if at any time the interest rate
applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable Requirements of Law (collectively, the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable Requirements of Law, the rate of interest payable in respect of such Loan hereunder,
together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of
this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
 SECTION 10.15 Lender
Addendum. 
 Each Lender to become a party to this Agreement on the date hereof shall do so by delivering to the
Administrative Agent a Lender Addendum duly executed by such Lender, Borrowers and the Administrative Agent. 
 SECTION 10.16
Obligations Absolute. 
 To the fullest extent permitted by applicable Requirements of Law, all obligations of the
Loan Parties hereunder shall be absolute and unconditional irrespective of: 
 (a) any bankruptcy, insolvency,
reorganization, arrangement, readjustment, composition, liquidation or the like of any Loan Party; 

(b) any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto
against any Loan Party; 

  
 -149-

 (c) any change in the time, manner or place of payment of, or in any other
term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from any Loan Document or any other agreement or instrument relating thereto; 

(d) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or
consent to any departure from any guarantee, for all or any of the Obligations; 
 (e) any exercise or
non-exercise, or any waiver of any right, remedy, power or privilege under or in respect hereof or any Loan Document; or 
 (f) any other circumstances which might otherwise constitute a defense (other than the defense of payment in full in cash) available to, or a discharge of, the Loan Parties. 

SECTION 10.17 Intercreditor Agreements. 
 To the extent, if any, that there shall be a conflict between the terms of this Agreement or any other Loan Document, on the one hand, and any Intercreditor Agreement, on the other hand, the terms of the
applicable Intercreditor Agreement shall govern. 
 SECTION 10.18 Release of Collateral. 

(a) Upon the sale, lease, transfer or other disposition of any item of Collateral of any Loan Party (including, without limitation, as a
result of the sale, in accordance with the terms of the Loan Documents, of the Loan Party that owns such Collateral) in accordance with the terms of the Loan Documents, the Liens on such items of Collateral and guarantees by such Loan Parties are
automatically released and the Administrative Agent will, at the Borrowers’ expense, execute and deliver to such Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the
assignment and security interest granted under the Security Documents in accordance with the terms of the Loan Documents and, if applicable, the release of such Subsidiary Guarantor from its obligations under the Guarantees. 

(b) Upon the payment in full of all Secured Obligations (other than (A) Unasserted Contingent Obligations and (B) obligations
and liabilities under Hedging Agreements and Treasury Services Agreements as to which arrangements satisfactory to the applicable counterparties to each such agreement shall have been made), the cancellation or termination of the Commitments and the
cancellation or expiration of all outstanding Letters of Credit (or the cash collateralization or back-stopping thereof on terms reasonably satisfactory to the Administrative Agent and Issuing Bank), the security interest granted under the Security
Documents (other than with respect to any cash collateral in respect of Letters of Credit) shall terminate and all rights to the Collateral shall revert to the applicable Loan Party. Upon any such termination Administrative Agent will, at
Borrowers’ expense, execute and deliver to the Loan Parties such documents as Borrowers shall reasonably request to evidence the repayment of the Obligations and such termination provided in this Section 10.18. 

SECTION 10.19 Permitted Amendments. 
 (a) The Borrowers may, by written notice to the Administrative Agent from time to time, make one or more offers to all Lenders of an applicable Class to make one or more Permitted Amendment Loans and/or
Commitments pursuant to procedures reasonably specified by the Administrative 

  
 -150-

 
Agent and reasonably acceptable to the Administrative Borrower. Such notice shall set forth (i) the terms and conditions of the requested Permitted Amendment and (ii) the date by which
responses from the applicable Lenders in respect of such Permitted Amendment are required to be received (which shall not be less than three (3) Business Days after the date of such notice). Only those Lenders that consent to such Permitted
Amendment (the “Accepting Lenders”) will have the maturity of their applicable Loans and Commitments extended and be entitled to receive any increase in the Applicable Margin and any fees (including prepayment premiums or fees), in
each case, as provided in such Permitted Amendment; provided, however, that if the initial yield on any Loans and/or Commitments the final maturity date of which is extended pursuant to any Permitted Amendment (such Loans and/or
Commitments, collectively, the “Permitted Amendment Loans and/or Commitments”) (as determined by the Administrative Agent to be equal to the sum of (x) the Adjusted LIBOR Rate plus the Applicable Margin applicable to the
Permitted Amendment Loans and/or Commitments and (y) if the Permitted Amendment Loans and/or Commitments are initially made at a discount or the Lenders making the same receive a fee directly or indirectly from the Borrowers or any Subsidiary
for doing so (the amount of such discount or fee, expressed as a percentage of the Permitted Amendment Loans and/or Commitments, being referred to herein as the “Permitted Amendment Discount”), such Permitted Amendment Discount,
divided by the lesser of (A) the average life to maturity of such Permitted Amendment Loans and/or Commitments and (B) four, exceeds by more than 75 basis points (the amount of such excess above 75 basis points being referred to herein as
the “Permitted Amendment Yield Differential”) the Adjusted LIBOR Rate plus the Applicable Margin then in effect for any Class of Loans, then the Applicable Margin then in effect for such Class of Loans, as applicable, shall
automatically be increased by the Permitted Amendment Yield Differential, effective upon the making of the Permitted Amendment Loans and/or Commitments (and if the Applicable Margin on the Permitted Amendment Loans and/or Commitments is subject to
an Excess Availability-based pricing grid, appropriate increases to the other Applicable Margins for such Class of Loans, as applicable, consistent with the foregoing, shall be made). 

(b) The Borrowers and each Accepting Lender shall execute and deliver to the Administrative Agent such documentation as the
Administrative Agent shall reasonably specify to evidence the acceptance of the Permitted Amendments and the terms and conditions thereof. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Permitted
Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Permitted Amendment, this Agreement shall be deemed amended, as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the terms
and provisions of the Permitted Amendment with respect to the Loans and Commitments of the Accepting Lenders (including any amendments necessary to treat the Loans and Commitments of the Accepting Lenders in a manner consistent with the other Loans
and Commitments under this Agreement). Notwithstanding the foregoing, no Permitted Amendment shall become effective under this Section 10.19 unless the Administrative Agent, to the extent so reasonably requested by the Administrative
Agent, shall have received board resolutions and officer’s certificates consistent with those delivered pursuant to Section 4.01. 
 SECTION 10.20 Amendment and Restatement. 
 This Agreement amends and
restates in its entirety the Existing Revolving Credit Agreement and upon the effectiveness of this Agreement, the terms and provisions of the Existing Revolving Credit Agreement shall, subject to this Section 10.20, be superseded in all
respects hereby. All references to the “Credit Agreement” contained in the Loan Documents delivered in connection with the Existing Revolving Credit Agreement or this Agreement shall, and shall be deemed to, refer to this Agreement.
Notwithstanding the amendment and restatement of the Existing Revolving Credit 

  
 -151-

 
Agreement by this Agreement, the Secured Obligations of the Borrowers and the other Loan Parties outstanding under the Existing Revolving Credit Agreement and the other Loan Documents as of the
A&R Effective Date shall remain outstanding and shall constitute continuing Secured Obligations and shall continue as such to be secured by the Collateral. Such Secured Obligations shall in all respects be continuing and this Agreement shall not
be deemed to evidence or result in a novation or repayment and reborrowing of such Secured Obligations. The Liens securing payment of the Secured Obligations under the Existing Revolving Credit Agreement, as amended and restated in the form of this
Agreement, shall in all respects be continuing, securing the payment of all Secured Obligations. 
 [Signature Pages Follow]

  
 -152-

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

					
	PBF HOLDING COMPANY LLC, as a Borrower
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer
	
	DELAWARE CITY REFINING COMPANY LLC, as a Borrower
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer
	
	PAULSBORO REFINING COMPANY LLC, as a Borrower
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer
	
	TOLEDO REFINING COMPANY LLC, as a Borrower
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	PBF POWER MARKETING, LLC, as a Subsidiary Guarantor
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer
	
	DELAWARE PIPELINE COMPANY LLC, as a Subsidiary Guarantor
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer
	
	PAULSBORO NATURAL GAS PIPELINE COMPANY LLC, as a Subsidiary Guarantor
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer
	
	PBF INVESTMENTS LLC, as a Subsidiary Guarantor
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	PBF FINANCE CORPORATION, as a Subsidiary Guarantor
		
	By:	 	 /s/ Matthew Lucey

		 	Name:	 	Matthew Lucey
		 	Title:	 	Chief Financial Officer

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	UBS SECURITIES LLC, as a Joint Lead Arranger, a Co-Syndication Agent and a Co-Documentation Agent
		
	By:	 	 /S/ IRJA R. OTSA

		 	Name:	 	IRJA R. OTSA
		 	Title:	 	ATTORNEY-IN-FACT
		
	By:	 	 /S/ DAVID URBAN

		 	Name:	 	DAVID URBAN
		 	Title:	 	ATTORNEY-IN-FACT
	
	UBS AG, STAMFORD BRANCH, as Issuing Bank, Administrative Agent, a Co-Collateral Agent and a Lender
		
	By:	 	 /s/ Irja R. Otsa

		 	Name:	 	Irja R. Otsa
		 	Title:	 	 Associate Director
 Banking
Products Services, US

		
	By:	 	 /s/ David Urban

		 	Name:	 	David Urban
		 	Title:	 	 Associate Director
 Banking
Products Services, US

	
	UBS LOAN FINANCE LLC, as Swingline Lender
		
	By:	 	 /s/ Irja R. Otsa

		 	Name:	 	Irja R. Otsa
		 	Title:	 	 Associate Director
 Banking
Products Services, US

		
	By:	 	 /s/ David Urban

		 	Name:	 	David Urban
		 	Title:	 	 Associate Director
 Banking
Products Services, US

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
			
	WELLS FARGO BANK, N.A., as Joint Lead Arranger, a Co-Collateral Agent, a Co- Documentation Agent and a Lender
		
	By:	 	 /s/ Peter Aziz

	Name:	 	Peter Aziz
	Title:	 	Vice President

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	BANK OF AMERICA, N.A., as a Co-Collateral Agent, a Co-Syndication Agent and a Lender
		
	By:	 	 /s/ James B. Allin

		 	Name:	 	James B. Allin
		 	Title:	 	Senior Vice President

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
			
	 Morgan Stanley Senior Funding, Inc.,
 as a Lender

		
	By:	 	 /s/ Kelly Chin

	Name:	 	Kelly Chin
	Title:	 	Vice President

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
			
	 Morgan Stanley Bank, N.A.,
 as a Lender

		
	By:	 	 /s/ Kelly Chin

	Name:	 	Kelly Chin
	Title:	 	Authorized Signatory

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	 THE BANK OF NOVA SCOTIA,
 as a Lender

		
	By:	 	 /s/ John Frazell

		 	Name:	 	John Frazell
		 	Title:	 	Director

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	CREDIT SUISSE AG, Cayman Islands Branch, as a Lender
		
	By:	 	 /s/ Mikhail Faybusovich

		 	Name:	 	Mikhail Faybusovich
		 	Title:	 	Director
		
	By:	 	 /s/ Vipul Dhadda

		 	Name:	 	Vipul Dhadda
		 	Title:	 	Associate

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
							
	 BNP Paribas
	 	,
	as a Lender	 	
		
	By:	 	 /s/ Keith Cox

		 	Name:	 	Keith Cox	 	
		 	Title:	 	Managing Director	 	
		
	By:	 	 /s/ Andrew Stratos

		 	Name:	 	Andrew Stratos	 	
		 	Title:	 	Director	 	

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
							
	 SOVEREIGN BANK. N.A.
	 	,
	as a Lender	 	
			
	By:	 	 /s/ Aidan Lanigan
	 	
		 	Name:	 	Aidan Lanigan	 	
		 	Title:	 	Senior Vice President	 	
			
	By:	 	 /s/ Vaughn Buck
	 	
		 	Name:	 	Vaughn Buck	 	
		 	Title:	 	Executive Vice President	 	

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	Deutsche Bank Trust Company Americas,
	as a Lender
		
	By:	 	 /s/ Marcus M. Tarkington

		 	Name:	 	Marcus M. Tarkington
		 	Title:	 	Director
		
	By:	 	 /s/ Michael Getz

		 	Name:	 	Michael Getz
		 	Title:	 	Vice President

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	 Union Bank, N.A.,

as a Lender

		
	By:	 	 /s/ Todd Eggertsen

		 	Name:	 	Todd Eggertsen
		 	Title:	 	VP

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	 ROYAL BANK OF CANADA,
 as a Lender

		
	By:	 	 /s/ Jason S. York

		 	Name:	 	Jason S. York
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	 Barclays Bank PLC
 as a Lender

		
	By:	 	 /s/ Diane Rolfe

		 	Name:	 	Diane Rolfe
		 	Title:	 	Director

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	 Credit Agricole Corporate & Investment Bank,
 as a Lender

		
	By:	 	 /s/ Michael Willis

		 	Name:	 	Michael Willis
		 	Title:	 	Managing Director
		
	By:	 	 /s/ David Gurghigian

		 	Name:	 	David Gurghigian
		 	Title:	 	Managing Director

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 
					
	 Citibank, NA.,
 as
a Joint Lead Arranger, Co-Syndication
 Agent and a Lender

		
	By:	 	 /s/ Michael Smolow

		 	Name:	 	MICHAEL SMOLOW
		 	Title:	 	Vice President

  
 [Signature
Page to Second Amended and Restated Revolving Credit Agreement] 

 Annex I 
 Applicable Margin 
 The Applicable Margin will be determined pursuant to the
following grid: 
  

															
	 Index Debt Rating from Moody’s Investors Service Inc.
	  	Index Debt
Rating from
Standard &
Poor’s Ratings
Group	  	ABR Loans	 	 	Eurodollar Loans	 	 	Applicable Fee	 
	 £ Ba3
	  	£ BB-	  	 	1.500	% 	 	 	2.500	% 	 	 	0.500	% 
	 Ba2
	  	BB	  	 	1.250	% 	 	 	2.250	% 	 	 	0.500	% 
	 Ba1
	  	BB+	  	 	1.000	% 	 	 	2.000	% 	 	 	0.375	% 
	 Baa3
	  	BBB-	  	 	0.750	% 	 	 	1.750	% 	 	 	0.375	% 

 “Index Debt Rating” for purposes of the above grid shall mean the then rating in respect of the senior secured
long-term Indebtedness of the Borrowers which is not guaranteed by any other Person or subject to any credit enhancement. 
 If the Index Debt
Ratings established by Standard & Poor’s Ratings Group and Moody’s Investors Service Inc. shall fall within different categories, the pricing grid shall reference the higher of the two Ratings. 

 Annex II 
 ACCOUNT DEBTORS 
 Part A 

BP Lubricants USA Inc
 BP Lubricants USA-Castrol
Ind
 BP North American Petroleum
 BP
Products North America, Inc.
 Braskem PP Americas Inc
 E.I. du Pont de Nemours and Company 
 Shell Oil Products U.S. 

Shell Trading (US) Company
 Total Lubricants USA
Inc
 Part B 
 Akzo Nobel
Coatings Inc.
 Akzo Nobel Paints LLC

BASF Corporation
 BASF SE

Brenntag Great Lakes, LLC
 Brenntag Mid-South,
Inc.
 Brenntag Northeast Inc
 Brenntag
Southeast Inc
 Michelin North America Inc
 Momentive Specialty Chemicals BV 

 Annex III 
 HYDROCARBON INVENTORY INSURANCE 
 12/17/2011 - 12/17/2012 

 

									
	 Coverage
	  	Limits	 	 	 Carrier
	 	 Retention

	 Property
	  	$	1,300,000,000	 	 	Various	 	$5,000,000 / 60 Days BI
	 Terrorism
	  	$	1,000,000,000	 	 	Various	 	$5,000,000 / 60 Days BI
	 Automobile (includes Terrorism)
	  	$	1,000,000	 	 	National Union Fire Insurance Co.	 	$500,000 per occurrence
	 General Liability (includes Terrorism)
	  	$	5,000,000	 	 	National Union Fire Insurance Co.	 	$5,000,000 per occurrence
	 Workers Compensation (includes Terrorism)
	  	$	1,000,000	 	 	Insurance Company of the State of Pennsylvania	 	 $500,000 per occurrence

	 Marine Terminal Operations Liability
	  	 $
	 10,000,000
	  
	 	Starr Indemnity & Liability Co.	 	$5,000,000 per occurrence
	 Umbrella / Excess Umbrella (includes Terrorism)
	  	 $
	 300,000,000
	  
	 	 ACE (Lead)/Various
	 	 —  

	 Charterers Liability
	  	$	750,000,000	 	 	Gard P&I	 	$50,000 pollution/$25,000 Other
	 Marine Cargo
	  	$	100,000,000	 	 	Great American Ins Co/Lloyds of London	 	 0.05%

 SCHEDULES 
 To 
 SECOND AMENDED AND RESTATED 

REVOLVING CREDIT AGREEMENT 
 dated as of October 26, 2012, 
 among 

PBF HOLDING COMPANY LLC, 
 DELAWARE CITY REFINING COMPANY LLC, 
 PAULSBORO REFINING COMPANY LLC, and

 TOLEDO REFINING COMPANY LLC, 
 as Borrowers, 
 and 

THE OTHER LOAN PARTIES PARTY THERETO, 
 as Loan Parties, 
 THE LENDERS PARTY THERETO 

and 
 UBS
SECURITIES LLC, 
 as a Co-Documentation Agent and a Syndication Agent, 

and 
 UBS
SECURITIES LLC, 
 CITIBANK, N.A., 
 BANK OF AMERICA MERRILL LYNCH, 
 WELLS FARGO BANK, N.A. and

 DEUTSCHE BANK SECURITIES INC., 
 as Joint Lead Arrangers and Joint Lead Bookmanagers 
 and 

UBS AG, STAMFORD BRANCH, 
 as Issuing Bank, Administrative Agent 
 and a Co-Collateral Agent,

 and 
 UBS LOAN FINANCE LLC, 
 as Swingline Lender 

and 

CITIBANK, N.A., 
 as a Co-Syndication Agent 
 and 

BANK OF AMERICA N.A., 
 as a Co-Collateral Agent and a Co-Syndication Agent 
 and 

WELLS FARGO BANK N.A., 
 as a Co-Collateral Agent and a Co-Documentation Agent 
 and

 DEUTSCHE BANK SECURITIES INC., 
 as a Co-Documentation Agent 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 Schedule 1.01(b) SUBSIDIARY GUARANTORS
	  	 	1	 
		
	 Schedule 2.22 BLOCKED ACCOUNTS
	  	 	2	 
		
	 Schedule 3.03 GOVERNMENTAL APPROVALS; COMPLIANCE WITH LAWS
	  	 	3	 
		
	 Schedule 3.06(c) VIOLATIONS OR PROCEEDINGS
	  	 	4	 
		
	 Schedule 3.08 LITIGATION
	  	 	5	 
		
	 Schedule 3.18 ENVIRONMENTAL MATTERS
	  	 	6	 
		
	 Schedule 3.19 INSURANCE
	  	 	7	 
		
	 Schedule 3.22 MATERIAL INVENTORY
	  	 	8	 
		
	 Schedule 6.01(b) EXISTING INDEBTEDNESS
	  	 	11	 
		
	 Schedule 6.02(c) EXISTING LIENS
	  	 	12	 
		
	 Schedule 6.04(b) EXISTING INVESTMENTS
	  	 	13	 
		
	 Schedule 6.08 TRANSACTIONS WITH AFFILIATES
	  	 	14	 

  
 i 

 Schedule 1.01(b) 

SUBSIDIARY GUARANTORS 
 1) PBF Power Marketing LLC 
 2) Delaware Pipeline Company LLC 

3) Paulsboro Natural Gas Pipeline Company LLC 

4) PBF Investments LLC 
 5) PBF Finance
Corporation 

  
 1 

 Schedule 2.22 
 BLOCKED ACCOUNTS 
  

							
	 Bank Name
	  	 Account No.
	  	 Account Type
	  	 Account Name

	 Wells Fargo Bank, N.A.
	  	4122229552	  	Commercial DDA	  	PBF Holding Company LLC
	 Wells Fargo Bank, N.A.
	  	4124818022	  	Commercial DDA	  	Delaware Refining Company LLC
	 Wells Fargo Bank, N.A.
	  	4124818113	  	Commercial DDA	  	Paulsboro Refining Company LLC
	 Wells Fargo Bank, N.A.
	  	4124818154	  	Commercial DDA	  	Toledo Refining Company LLC
	 UBS Financial Services
	  	CP-43177	  	Fund Investment	  	PBF Holding Company LLC
	 Union Bank
	  	9370000120	  	MMDA	  	PBF Holding Company LLC
	 Morgan Stanley Liquidity Funds
	  	740400050	  	Fund Investment	  	PBF Holding Company LLC

  
 2 

 Schedule 3.03 
 GOVERNMENTAL APPROVALS; COMPLIANCE WITH LAWS 
 None. 

  
 3 

 Schedule 3.06(c) 

VIOLATIONS OR PROCEEDINGS 
 None. 

  
 4 

 Schedule 3.08 
 LITIGATION 
 None. 

  
 5 

 Schedule 3.18 
 ENVIRONMENTAL MATTERS 
 None. 

  
 6 

 Schedule 3.19 
 INSURANCE 
 12/17/2011 - 12/17/2012 

 

									
	 Coverage
	  	Limits	 	 	 Carrier
	 	 Retention

	 Property
	  	$	1,300,000,000	 	 	Various	 	$5,000,000 / 60 Days BI
	 Terrorism
	  	$	1,000,000,000	 	 	Various	 	$5,000,000 / 60 Days BI
	 Automobile (includes Terrorism)
	  	$	1,000,000	 	 	National Union Fire Insurance Co.	 	$500,000 per occurrence
	 General Liability (includes Terrorism)
	  	$	5,000,000	 	 	National Union Fire Insurance Co.	 	$5,000,000 per occurrence
	 Workers Compensation (includes Terrorism)
	  	$	1,000,000	 	 	Insurance Company of the State of Pennsylvania	 	$500,000 per occurrence
	 Marine Terminal Operations Liability
	  	$	10,000,000	 	 	Starr Indemnity & Liability Co.	 	$5,000,000 per occurrence
	 Umbrella / Excess Umbrella (includes Terrorism)
	  	$	300,000,000	 	 	ACE (Lead)/Various	 	—  
	 Charterers Liability
	  	$	750,000,000	 	 	Gard P&I	 	$50,000 pollution/$25,000 Other
	 Marine Cargo
	  	$	100,000,000	 	 	Great American Ins Co/Lloyds of London	 	0.05%

  
 7 

 Schedule 3.22 
 MATERIAL INVENTORY 
  

					
	 Terminal Location
	 	 Company
	 	 Terminal Address

	AKRON, OH	 	SUNOCO	 	 999 Home Avenue
 Akron, OH
44310

	AURORA, OH	 	BTS	 	 1521 South Chillicothe Rd

Aurora, OH 44202

	BAY CITY, MI	 	MARATHON	 	 1806 Marquette Street
 Bay
City, MI 48706

	CATLETTSBURG, KY (VINEY BRANCH)	 	MARATHON	 	 8023 Crider Drive

Catlettsburg, KY 41129

	CHARLESTON WV	 	MARATHON	 	 Standard & Maccorkle

Charleston, WV 25314

	CLERMONT	 	BUCKEYE	 	 3230 Raceway Road
 Clermont, IN
46234

	CLEVELAND, OH	 	SUNOCO	 	 3200 Independence
 Cleveland,
OH 44105

	CLEVELAND, OH AIRPORT	 	BP PRODUCTS	 	 4800 E. 49th Street,
 Cleveland
OH

	COLUMBUS (EAST)	 	SUNOCO	 	 3499 West Broad Street

Columbus, OH 43204

	COLUMBUS (WEST)	 	SUNOCO	 	 3866 Fisher Road
 Columbus, OH
43204

	COLUMBUS, OH SOUTH	 	BUCKEYE	 	 303 North Wilson Road

Columbus, OH 43204

	CORAOPOLIS, PA	 	BUCKEYE	 	 3200 University Blvd
 Moon
Township, PA 15108

	COVINGTON, KY	 	MARATHON	 	 230 East 33rd Street

Covington, KY 41015

	CUYAHOGA HTS, OH	 	BUCKEYE	 	 2201 West 3rd Street,

Cleveland Oh 44113

	DAYTON, OH	 	BUCKEYE	 	 801 Brandt Pike
 Dayton, OH
45404

	DAYTON, OH	 	SUNOCO	 	 1708 Farr Drive
 Dayton, OH
45404

	DELAWARE CITY, DE	 	PBF	 	 4550 Wrangle Hill Road

Delaware City, DE 19706

	DETROIT METRO AIRPORT	 	BUCKEYE	 	 700 South Deacon Street,

Detroit, MI 48217

	FERRYSBURG, MI	 	CITGO	 	 524 3rd Street
 Ferrysburg, MI
49409

	FLINT, MI	 	BUCKEYE	 	 G5340 North Dort Hwy
 Flint, MI
48505

  
 8 

					
	 Terminal Location
	 	 Company
	 	 Terminal Address

	HUNTINGTON IN	 	MARATHON	 	 4648 North Meridian

Huntington, IN 46750

	HUNTINGTON, IN	 	SUNOCO	 	 4691 N Meridian St
 Huntington,
IN 46750

	INDIANAPOLIS, IN	 	BUCKEYE	 	 10700 E County Rd 300 N

Indianapolis, IN 46234

	INDIANAPOLIS, IN	 	MARATHON	 	 4955 Robinson Road

Indianapolis, IN 46268

	INDIANAPOLIS, IN	 	NUSTAR	 	 3350 N Raceway Road

Indianapolis, IN 46234

	JACKSON, MI	 	CITGO	 	 2001 Morrill Road
 Jackson, MI
49201

	JACKSON, MI	 	MARATHON	 	 2090 Morrill Road
 Jackson, MI
49201

	NILES, MI	 	CITGO	 	 2233 South Third Street
 Niles,
MI 49120

	NILES, MI SOUTH	 	MARATHON	 	 2216 South Third Street
 Niles,
MI 49120

	NO.MUSKEGON, MI	 	MARATHON	 	 3005 Holton Road
 North
Muskegon, MI 49445

	NOVI, MI	 	DELTA	 	 40600 Grand River
 Novi, MI
48375

	OWOSSO, MI	 	SUNOCO	 	 4004 West Main Street
 Owosso,
MI 48867

	PAULSBORO, NJ	 	PBF	 	 800 Billingsport Road

Paulsboro, NJ 08066

	PRINCETON, IN	 	TEPPCO	 	 2 Mile West
 Oakland City, IN
47660

	RIVER ROUGE, MI	 	SUNOCO	 	 500 South Dix Avenue
 Detroit,
MI 48217

	ROMULUS, MI	 	SUNOCO	 	 29120 Wick Road
 Romulus, MI
48174

	SPEEDWAY, IN	 	MARATHON	 	 1304 Olin Avenue
 Indianapolis,
IN 46222

	TAYLOR EAST, MI	 	BUCKEYE	 	 24501 Ecorse Road
 Taylor, MI
48180

	TAYLOR, MI	 	Shell	 	 24801 Ecorse Road
 Taylor, MI
48180

	TOLEDO, OH	 	PBF	 	 1819 Woodville Road
 Oregon, OH
43616

	TOLEDO, OH	 	SUNOCO	 	 1601 Woodville Road
 Toledo, OH
43605

	YOUNGSTOWN, OH	 	SUNOCO	 	 6331 Southern Blvd
 Youngstown,
OH 44512

	WOODHAVEN,MI BPL	 	BUCKEYE	 	 20755 West Road,
 Woodhaven,
MI

  
 9 

					
	 Terminal Location
	 	 Company
	 	 Terminal Address

	Marysville	 	SUNOCO	 	 8500-53848,
 Philadelphia,
PA 191783848

  

					
	 Pipeline Locations
	 	 Company
	 	 Address

	TRC-BUCKEYE PL	 	Buckeye Pipeline LLC	 	 One Greenway Plaze, Suite 600,

Houston, TX 77046

			
	TRC-INLAND P/L	 	Inland Pipeline	 	 8500-53848,
 Philadelphia, PA
191783848

	TRC-TEPPCO PIPELINE	 	Teppco	 	 P.O. Box 201407,
 Dallas TX
75320-1407

	TRC-TOLEDO,OH-SUN PL	 	Sunoco Pipeline	 	 8500-53848,
 Philadelphia, PA
191783848

	TRC-WOLVERINE PIPELINE	 	Wolverine Pipeline Company	 	 8075 Creekside Drive, Suite 210,

Portage Michigan 49024-6303

  
 10 

 Schedule 6.01(b) 

EXISTING INDEBTEDNESS 
 None. 

  
 11 

 Schedule 6.02(c) 

EXISTING LIENS 

None. 

  
 12 

 Schedule 6.04(b) 

EXISTING INVESTMENTS 
 None. 

  
 13 

 Schedule 6.08 
 TRANSACTIONS WITH AFFILIATES 
  

	1.	Limited Liability Company Agreement of PBF Energy Company LLC, dated as of June 1, 2010. 

 

	2.	Limited Liability Company Agreement of PBF Holding Company LLC, dated as of March 25, 2010. 

 

	3.	Limited Liability Company Agreement of Delaware City Refining Company LLC, dated as of March 25, 2010. 

 

	4.	Limited Liability Company Agreement of Delaware Pipeline Company LLC, dated as of March 25, 2010. 

 

	5.	Second Amended and Restated Limited Liability Company Agreement of Paulsboro Refining Company LLC, dated as of January 14, 2011. 

 

	6.	Second Amended and Restated Limited Liability Company Agreement of Paulsboro Natural Gas Pipeline Company LLC, dated as of January 14, 2011.

  

	7.	Second Amended and Restated Limited Liability Company Agreement of PBF Investments LLC, dated as of January 5, 2011. 

 

	8.	Limited Liability Company Agreement of PBF Power Marketing LLC, dated as of March 25, 2010. 

 

	9.	Limited Liability Company Agreement of PBF Services Company LLC, dated as of May 28, 2010. 

 

	10.	Limited Liability Company Agreement of Toledo Refining Company LLC, dated as of November 22, 2010. 

 

	11.	Agreement, dated as of March 8, 2011, by and among PBF Energy Company LLC, Blackstone PB Capital Partners V Subsidiary L.L.C., Blackstone PB Capital Partners V-AC
L.P., Blackstone Family Investment Partnership V USS L.P., Blackstone Family Investment Partnership V - A USS SMD L.P., Blackstone Participation Partnership V USS L.P., FR PBF Holdings LLC, FR PBF Holdings II LLC, Tom O’Malley, Horse Island
Partners, Thomas D. O’Malley, Jr. and the other parties thereto. 

  

	12.	Agreement, dated as of October 4, 2010, by and among PBF Energy Company LLC, Blackstone PB Capital Partners V L.P., Blackstone PB Capital Partners V-AC L.P.,
Blackstone Family Investment Partnership V USS L.P., Blackstone Family Investment Partnership V - A USS L.P., Blackstone Participation Partnership V USS L.P., FR PBF Holdings LLC, FR PBF Holdings II LLC, Tom O’Malley, Horse Island Partners,
Thomas D. O’Malley, Jr., and the other parties thereto. 

  
 14 

	13.	Amended and Restated Employment Agreement, dated as of April 1, 2010, by and between PBF Investments LLC and Don Lucey. 

 

	14.	Amended and Restated Employment Agreement, dated as of April 1, 2010, by and between PBF Investments LLC and Matt Lucey. 

 

	15.	Amended and Restated Employment Agreement, dated as of June 1, 2010, by and between PBF Investments LLC and Ken Isom. 

 

	16.	Employment Agreement, dated as of March 1, 2008, by and between PBF Investments LLC and Ed Jacoby. 

 

	17.	Amended and Restated Employment Agreement, dated as of June 1, 2010, by and between PBF Investments LLC and James Yates. 

 

	18.	Amended and Restated Employment Agreement, dated as of January 1, 2011, by and between PBF Investments LLC and Tom O’Malley. 

 

	19.	Amended and Restated Employment Agreement, dated as of June 1, 2010, by and between PBF Investments LLC and Pat Doman. 

 

	20.	Employment Agreement, dated as of April 1, 2010, by and between PBF Investments LLC and Michael D. Gayda. 

 

	21.	Employment Agreement, dated as of April 1, 2010, by and between PBF Investments LLC and Thomas J. Nimbley. 

 

	22.	Employment Agreement, dated as of June 1, 2010, by and between PBF Investments LLC and James Fedena. 

 

	23.	Employment Agreement, dated as of May 17, 2010, by and between PBF Investments LLC and Jeffrey Dill. 

  
 15 

 EXHIBIT A 
 [Form of] 
 ADMINISTRATIVE QUESTIONNAIRE 

ADMINISTRATIVE QUESTIONNAIRE—PBF Holding Company LLC, et. al. 

 
  
  

					
	Lending Institution:	 	  
	 	

  

							
	Name for Signature Pages:	 	  
	 	
		 	Will sign Second Amended and Restated Revolving Credit Agreement:	 	 ̈
		 	Will come via Assignment:      ̈  Number of Days post-closing:	 	  
	 	
			
	Name for Signature Blocks:	 	  
	 	
			
	Name for Publicity:	 	  
	 	
			
	Address:	 	  
	 	

  

							
	Main Telephone:	 	  
	 		 	
				
	Telex No./Answer back:	 	  
	 		 	

  

 
  

 
  

							
	CONTACT-Credit	 	Name:	 	  
	 	
		 	Address:	 	  
	 	
		 		 	  
	 	
		 	Telephone:	 	  
	 	
		 	Fax:	 	  
	 	
				
	CONTACT-Operations	 	Name:	 	  
	 	
		 	Address:	 	  
	 	
		 		 	  
	 	
		 	Telephone:	 	  
	 	
		 	Fax:	 	  
	 	
	  

	
	 PAYMENT INSTRUCTIONS

			
	Bank Name:	 	  
	 	
	ABA/Routing No.:	 	  
	 	
	Account Name:	 	  
	 	
	Account No.:	 	  
	 	
	For further credit:	 	  
	 	
	Account No.:	 	  
	 	
	Attention:	 	  
	 	
	Reference:	 	  
	 	

  
 A-1

  

UBS AG, STAMFORD BRANCH, ADMINISTRATIVE DETAILS 

 
  

					
	UBS AG, Stamford Branch	 	Account Administrator	 	Secondary Contact
	677 Washington Boulevard	 	Attn: [                    ]	 	Attn: [                    ]
	Stamford, Connecticut 06901	 	Tel:  [                    ]	 	Tel:  [                    ]
	Main Telephone: (203) 719-3000	 	Fax: [                    ]	 	Fax: [                    ]
		
	Wire Instructions:	 	The Agent’s wire instructions will be disclosed at the time of closing.

  
 A-2

 EXHIBIT B 
 [Form of] 
 ASSIGNMENT AND
ASSUMPTION 
 This Assignment and Assumption (the “Assignment and Assumption”) is dated as
of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not
defined herein shall have the meanings given to them in the Credit Agreement defined below, receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed
to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For
an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the
Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including
participations in any Letters of Credit and Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its
capacity as a Lender) against any person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based
on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to
clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to
the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

					
	1. Assignor:	 	  
	 	
			
	2. Assignee:	 	  
	 	
		 	[and is an Affiliate/Approved Fund of [identify Lender]1]
		
	3. Borrowers:	 	PBF Holding Company LLC, Delaware City Refining Company LLC, Paulsboro Refining Company LLC and Toledo Refining Company LLC
		
	4. Administrative Agent:	 	UBS AG, Stamford Branch, as the administrative agent under the Credit Agreement

  

	1 	 Select as applicable. 

  
 B-2

 5. Credit Agreement: The Second Amended and Restated Revolving Credit Agreement dated as of [October
    , 2012] (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company
(“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC, a Delaware limited liability company (“Paulsboro”), Toledo
Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a “Borrower”), the Subsidiary
Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation Agent (in such capacity, “UBS
Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES
INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity, “Administrative Agent”), UBS AG, STAMFORD
BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral Agent”), BANK OF AMERICA, N.A., as a co-collateral
agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN FINANCE LLC, as Swingline Lender (in such capacity, the
“Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a co-syndication agent (the “BAML Co-Syndication
Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a co-documentation agent (in such capacity, the “WF
Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the UBS Co-Documentation Agent and the WF Co-Documentation
Agent, the “Co-Documentation Agents”). 
 6. Assigned Interest: 

 

													
	 Facility Assigned
	  	Aggregate 
Amount
of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned
of
Commitment/
Loans2	 
	 Revolving Loans
	  	$	    	  	  	$	    	  	  	 	    	% 

 [Page break] 

 

	2 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 B-3

 Effective Date:
                 , 201     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER
THEREFOR.]3 

The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:

  

			
	Consented to and Accepted:
	
	[PBF HOLDING COMPANY LLC
	DELAWARE CITY REFINING COMPANY LLC
	PAULSBORO REFINING COMPANY LLC
	TOLEDO REFINING COMPANY LLC]4
		
	By:	 	  

		 	Name:
		 	Title:
	
	 UBS AG, STAMFORD BRANCH,
 as Administrative Agent and Issuing Bank

		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

	3 	 This date may not be fewer than 5 Business days after the date of assignment unless the Administrative Agent otherwise agrees.

	4 	 To be completed to the extent consent is required under Section 10.04(b). 

  
 B-4

			
		 	UBS LOAN FINANCE,
		 	as Swingline Lender
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-5

 ANNEX 1 to Assignment and Assumption 

PBF HOLDING COMPANY LLC, et. al. 
 SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT 
 STANDARD TERMS AND
CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 
 1.1 Assignor. The Assignor
(a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties
or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder,
(iii) the financial condition of the Borrowers, any of their respective Subsidiaries or Affiliates or any other person obligated in respect of any Loan Document or (iv) the performance or observance by Borrowers, any of their respective
Subsidiaries or Affiliates or any other person of any of their respective obligations under any Loan Document. 
 1.2.
Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated
hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the
Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, (v) if
it is not already a Lender under the Credit Agreement, attached to the Assignment and Assumption an Administrative Questionnaire in the form of Exhibit A to the Credit Agreement, (vi) the Administrative Agent has received a processing
and recordation fee of $3,500 as of the Effective Date and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to Section 2.15 of the Credit Agreement,
duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations that by the terms of the Loan Documents
are required to be performed by it as a Lender. 
 2. Payments. From and after the Effective Date, the Administrative
Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to but excluding the Effective Date and to the Assignee for amounts
that have accrued from and after the Effective Date. 

  
 B-6

 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and permitted assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be construed in accordance with
and governed by, the law of the State of New York without regard to conflicts of principles of law that would require the application of the laws of another jurisdiction. 

  
 B-7

 EXHIBIT C 
 [Form of] 
 BORROWING REQUEST 

UBS AG, Stamford Branch, 

    as Administrative Agent for 
 the Lenders referred to below, 
 677 Washington Boulevard 

Stamford, Connecticut 06901 
 Attention:
[                    ] 
 Re:
PBF Holding Company LLC, et. al 
 [Date] 
 Ladies and Gentlemen: 
 Reference is made to Second Amended and Restated Revolving
Credit Agreement dated as of [October     , 2012] (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited
liability company (“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware
corporation), a Delaware limited liability company (“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro,
“Borrowers” and each individually, a “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement),
the Lenders, UBS SECURITIES LLC, as a Co-Documentation Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC,
CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as
administrative agent (in such capacity, “Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in
such capacity “WF Co-Collateral Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent,
“Co-Collateral Agents”), UBS LOAN FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication
Agent”), BANK OF AMERICA, N.A., as a co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication
Agents”), WELLS FARGO BANK, N.A., as a co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB
Co-Documentation Agent” and, together with the UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”). Administrative Borrower hereby gives you notice pursuant to Section 2.03 of
the Credit Agreement that it requests a Borrowing, on behalf of the Borrowers, under the Credit Agreement, and in that connection sets forth below the terms on which such Borrowing is requested to be made: 

 

							
	(A)	 	Class of Borrowing	 	 [Revolving Borrowing]

[Swingline Loan]
	 	

  
 C-1

							
	(B)	 	Principal amount of Borrowing5	 	  
	 	
				
	(C)	 	 Date of Borrowing (which is a Business Day)
	 	  
	 	
				
	(D)	 	Type of Borrowing	 	[ABR] [Eurodollar]6	 	
				
	(E)	 	Interest Period and the last day thereof7	 	  
	 	
		
	(F)	 	Funds are requested to be disbursed to Borrowers’ account with UBS AG, Stamford Branch (Account
No.             ).

 Administrative Borrower hereby represents and warrants that the conditions to lending specified in
Sections 4.03(b)-(e) of the Credit Agreement are satisfied as of the date hereof. 
 [Signature Page Follows]

  

	5 	 ABR and Eurodollar Loans must be in an amount that is at least $5,000,000 and an integral multiple of $1,000,000 or equal to the remaining available
balance of the applicable Commitments. Swingline Loans must be in an amount that is at least $1,000,000 and an integral multiple of $100,000. 

	6 	 Shall be ABR for Swingline Loans. 

	7 	 Shall be subject to the definition of “Interest Period” in the Credit Agreement. 

  
 C-2

 
			
	 PBF HOLDING COMPANY LLC, as Administrative Borrower

		
	By:	 	  

		 	Name:
		 	Title:

  
 C-3

 EXHIBIT D 
 [Form of] 
 COMPLIANCE CERTIFICATE 

I, [                    ], the
[Financial Officer] of Administrative Borrower (in such capacity and not in my individual capacity), hereby certify as of the date hereof that, with respect to that certain Second Amended and Restated Revolving Credit Agreement dated as of [October
    , 2012] (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company
(“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a
Delaware limited liability company (“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and
each individually, a “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC,
as a Co-Documentation Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL
LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,
“Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral
Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a
co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a
co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the
UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”): 
 a. [Attached hereto as Schedule 1 are detailed calculations demonstrating compliance by Holdings and its Subsidiaries (other than Excluded Subsidiaries) with Section 6.09(a) of the Credit
Agreement. Holdings and its Subsidiaries (other than Excluded Subsidiaries) are in compliance with such Section as of the date hereof.] 8 [Attached hereto as Schedule 2 is the opinion of [accounting firm.]]9 

 

	8 	 To accompany annual and quarterly financial statements during the Revolving Availability Period, when Excess Availability is less than, at any time,
the greater of (i) the Financial Covenant Testing Amount and (ii) $35 million until such time as Excess Availability is greater than the Financial Covenant Amount and $35 million for a period of twelve (12) or more consecutive days.
Such calculations shall be in reasonable detail satisfactory to the Administrative Agent and shall include, among other things, an explanation of the methodology used in such calculations and a breakdown of the components of such calculations.

	9 	 To accompany annual financial statements only. The opinion must opine that, such financial statements fairly present, in all material respects, the
consolidated financial condition, results of operations and cash flows of Holdings as of the dates and for the periods specified in accordance with GAAP consistently applied. 

Footnote continued on next page. 

  
 D-1

 b. The Borrowers were in compliance with Section 6.09(a) of the Credit
Agreement at all applicable times (in accordance with Section 6.09(a)) since the last date of determination. 
 c. No Default has occurred under the Credit Agreement which has not been previously disclosed, in writing, to the Administrative Agent pursuant to a Compliance Certificate.10 

 
 Footnote continued from previous page.

  

	10 	 If a Default shall have occurred, an explanation specifying the nature and extent of such Default shall be provided on a separate page together with an
explanation of the corrective action taken or proposed to be taken with respect thereto (include, as applicable, information regarding actions, if any, taken since prior certificate). 

  
 D-2

 Dated this [            ] day of
[                    ], 201[    ]. 

 

					
	 PBF HOLDING COMPANY LLC, as Administrative Borrower

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	[Financial Officer]

  
 D-3

 SCHEDULE 1 
 Financial Covenant 
  

							
	(A)	 	Consolidated EBITDA	 	
				
		 	(1)	 	Consolidated Net Income for the four quarter period ended [                    ],
20[    ], plus	 	
		 		 		 	  

				
		 	(2)	 	Consolidated Interest Expense for such period, plus	 	
		 		 		 	  

				
		 	(3)	 	Consolidated Amortization Expense for such period, plus	 	
		 		 		 	  

				
		 	(4)	 	Consolidated Depreciation Expense for such period, plus	 	
		 		 		 	  

				
		 	(5)	 	Consolidated Tax Expense for such period, plus	 	
		 		 		 	  

				
		 	(6)	 	fees, costs, liabilities and expenses incurred in connection with the Transactions, plus	 	
		 		 		 	  

				
		 	(7)	 	the aggregate amount of all other non-cash charges, expenses or losses reducing Consolidated Net Income (excluding any non-cash charge, expense or loss that results in an accrual of
a reserve for cash charges in any future period and any non-cash charge, expense or loss relating to write-offs, write-downs or reserves with respect to accounts or inventory) for such period, plus	 	
		 		 		 	  

				
		 	(8)	 	any fees, charges and expenses incurred during such period (other than Consolidated Depreciation Expense or Consolidated Amortization Expense), in connection with any acquisition,
merger, consolidation, Investment, Asset Sale, other disposition of assets, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each case, including any
such transaction consummated	 	

  
 D-4

							
		 		 	prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such
transaction (including, without limitation, any non-cash expenses or charges recorded in accordance with GAAP relating to equity interests issued to non-employees in exchange for services provided in connection with the Transactions),
plus	 	
		 		 		 	  

				
		 	(9)	 	the amount of any restructuring charges, integration costs, retention charges, stock option and any other equity-based compensation expenses or other business optimization expenses,
including, without limitation, costs associated with improvements to IT and accounting functions, costs associated with establishing new facilities, costs or reserves deducted (and not added back) in such period in computing Consolidated Net Income,
including any one-time costs incurred in connection with acquisitions after the Closing Date and costs related to the closure and/or consolidation of facilities, plus	 	
		 		 		 	  

				
		 	(10)	 	any extraordinary, non-recurring or unusual gains or losses or expenses, severance, relocation costs or payments and curtailments or modifications to pension and post-retirement
employee benefit plans, plus	 	
		 		 		 	  

				
		 	(11)	 	any other non-cash charges, expenses or losses including any write offs or write downs reducing Consolidated Net Income for such period and any non-cash expense relating to the
vesting of warrants (provided that if any such non-cash charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to
such extent, and excluding amortization of a prepaid cash item that was paid in a prior period), plus	 	
		 		 		 	  

				
		 	(12)	 	the amount of customary indemnities and expenses paid or accrued in such period to the Sponsors and deducted (and not added back) in such period in computing Consolidated Net
Income, in an aggregate amount not to exceed $7,500,000 in any fiscal year, plus	 	
		 		 		 	  

				
		 	(13)	 	any costs or expense incurred pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any	 	

  
 D-5

							
		 		 	stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash proceeds by third Persons that are not Loan Parties contributed to the
capital of Holdings or any Subsidiary, plus	 	
		 		 		 	  

				
		 	(14)	 	any net loss from disposed or discontinued operations, plus	 	
		 		 		 	  

				
		 	(15)	 	to the extent not already included in the Consolidated Net Income of such Person and its Subsidiaries, notwithstanding anything to the contrary in the foregoing, Consolidated EBITDA
shall include the amount of cash proceeds received from business interruption insurance and reimbursements of any expenses and charges that are covered by indemnification or other reimbursement provisions in connection with any investment or any
sale, conveyance, transfer or other disposition of assets permitted under the Credit Agreement, minus	 	
		 		 		 	  

				
		 	(16)	 	any net gain from disposed or discontinued operations plus,	 	
		 		 		 	  

				
		 	(17)	 	the aggregate amount of all non-cash items increasing Consolidated Net Income (other than the accrual of revenue or recording of receivables in the ordinary course of business) for
such period	 	
		 		 		 	  

				
		 		 	Consolidated EBITDA (the sum of (1)-(15) minus the sum of (16) and (17))	 	
		 		 		 	  

  
 D-6

							
	(B)	 	Minimum Consolidated Fixed Charge Ratio: Consolidated EBITDA to Consolidated Fixed Charges	 	
		
	Consolidated EBITDA for the four quarter period ended
[                    ], 201[    ], as calculated pursuant to clause (A) above.	 	
		 		 		 	  

		
	Consolidated Fixed Charges Calculation:	 	
		 		 		 	  

				
		 	(1)	 	Consolidated Interest Expense (the sum of (a)-(i) below)	 	
		 		 		 	  

			
	(a)	 	the total consolidated interest expense of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period determined on a consolidated basis in
accordance with GAAP plus, without duplication	 	
		 		 		 	  

			
	(b)	 	imputed interest on Capital Lease Obligations and Attributable Indebtedness of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period,
plus	 	
		 		 		 	  

			
	(c)	 	commissions, discounts and other fees and charges owed by Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) with respect to letters of credit
securing financial obligations, bankers’ acceptance financing and receivables financings for such period, plus	 	
		 		 		 	  

			
	(d)	 	amortization of debt issuance costs, debt discount or premium and other financing fees and expenses incurred by Holdings or any of its Subsidiaries (other than Excluded
Subsidiaries) for such period, plus	 	
		 		 		 	  

			
	(e)	 	cash contributions to any employee stock ownership plan or similar trust made by Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) to the extent
such contributions are used by such plan or trust to pay interest or fees to any person (other than Delaware City, Paulsboro, Toledo or any of their respective Wholly Owned Subsidiaries) in connection with Indebtedness incurred by such plan or trust
for such period, plus	 	
		 		 		 	  

			
	(f)	 	all interest paid or payable with respect to discontinued operations of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) for such period,
plus	 	
		 		 		 	  

  
 D-7

							
	(g)	 	the interest portion of any deferred payment obligations of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) for such period,
plus	 	
		 		 		 	  

			
	(h)	 	all interest on any Indebtedness of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) of the type described in clause (f) or (k) of the
definition of “Indebtedness” for such period, minus	 	
		 		 		 	  

			
	(i)	 	the total consolidated interest income of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period	 	
		 		 		 	  

				
		 	(2)	 	Consolidated Fixed Charges (the sum of (i)-(vi) below)	 	
		 		 		 	  

		
	(i) Consolidated Interest Expense for such period, plus	 	
		 		 		 	  

		
	(ii) the aggregate amount of Unfinanced Capital Expenditures of Holdings and its Subsidiaries (other than Excluded Subsidiaries) for such period, plus	 	
		 		 		 	  

		
	(iii) all cash payments in respect of income taxes of Holdings and its Subsidiaries (other than Excluded Subsidiaries which are not part of the consolidated tax group of
Holdings or any Subsidiary Guarantor) made during such period (net of any cash refund in respect of income taxes actually received during such period), plus	 	
		 		 		 	  

		
	(iv) the principal amount of all scheduled amortization payments on all Indebtedness (including the principal component of all Capital Lease Obligations) of Holdings and
its Subsidiaries (other than Excluded Subsidiaries) for such period (as determined on the first day of the respective period), plus	 	
		 		 		 	  

		
	(v) all cash dividend payments on any series of Disqualified Capital Stock of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) (other than dividend
payments to Borrowers or any of their Subsidiaries that are Subsidiary Guarantors), plus	 	
		 		 		 	  

		
	(vi) all cash dividend payments on any Preferred Stock (other than Disqualified Capital Stock) of Holdings or any of its Subsidiaries (other than Excluded Subsidiaries)
(other than dividend payments to Borrowers or any of their Subsidiaries that are Subsidiary Guarantors)	 	
		 		 		 	  

  
 D-8

							
		 		 	Consolidated EBITDA to Consolidated Fixed Charges	 	[    ]:1.00
				
		 		 	Covenant Requirement	 	 Greater than or equal to 1.10:1.00

  
 D-9

 EXHIBIT E 
 [Form of] 
 INTEREST ELECTION REQUEST 

UBS AG, Stamford Branch, 

    as Administrative Agent 

677 Washington Boulevard 
 Stamford, Connecticut
06901 
 Attention: [                    ]

 [Date] 

Re: PBF Holding Company LLC, et. al. 
 Ladies and Gentlemen: 
 This Interest Election Request is delivered to you
pursuant to Section 2.08 of the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”),
Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company (“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company
(“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not
defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such
capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such
capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity, “Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS
Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral Agent”), BANK OF AMERICA N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral
Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A.,
as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and
the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a
co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”): 

Administrative Borrower hereby requests that on
[            ]11 (the “Interest Election Date”), 
 1.
$[            ] of the presently outstanding principal amount of the Loans originally made on [            ], 

 

	11 	 Shall be a Business Day that is (a) the date hereof in the case of a conversion into ABR Loans to the extent this Interest Election Request is
delivered to the Administrative Agent prior to 11:00 a.m., New York City time on the date hereof, otherwise the Business Day following the date of delivery hereof and (b) three Business Days following the date hereof in the case of a conversion
into/continuation of Eurodollar Loans to the extent this Interest Election Request is delivered to the Administrative Agent prior to 11:00 a.m. New York City time on the date hereof, otherwise the fourth Business Day following the date of delivery
hereof, in each case. 

  
 E-1

 2. and all presently being maintained as [ABR Loans] [Eurodollar Loans],

 3. be [converted into] [continued as], 

4. [Eurodollar Loans having an Interest Period of [one/two/three/six/nine/twelve] months] [ABR Loans]. 

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the proposed Interest
Election Date, both before and after giving effect thereto and to the application of the proceeds therefrom: 

(a) the foregoing [conversion] [continuation] complies with the terms and conditions of the Credit Agreement (including,
without limitation, Section 2.08 of the Credit Agreement); 
 (b) no Event Default has occurred and is
continuing, or would result from such proposed [conversion] [continuation]. 
 [Signature Page Follows] 

  
 E-2

 Administrative Borrower has caused this Interest Election Request to be executed and
delivered by its duly authorized officer as of the date first written above. 
  

			
	 PBF HOLDING COMPANY LLC, as Administrative Borrower

		
	By:	 	  

		 	Name:
		 	Title:

  
 E-3

 EXHIBIT F 
 [Form of] 
 JOINDER AGREEMENT 

Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as
amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining
Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company
(“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a
“Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation
Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO
BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,
“Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral
Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a
co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a
co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the
UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”). 
 W I T N E S S E
T H: 
 WHEREAS, the Subsidiary Guarantors, Borrowers and Holdings have entered into the Credit Agreement and the Security
Agreements in order to induce the Lenders to make the Loans and the Issuing Bank to issue Letters of Credit to or for the benefit of Borrowers; 
 WHEREAS, pursuant to Section 5.10(b) of the Credit Agreement, each Subsidiary, other than an Excluded Subsidiary, [that was not in existence on the date of the Credit Agreement] [that is an Eligible
Subsidiary] [is required to become a [Subsidiary Guarantor][ Borrower]] [may become a Borrower] under the Credit Agreement by executing a Joinder Agreement. The undersigned Subsidiary (the “New [Subsidiary Guarantor][Borrower]”) is
executing this joinder agreement (“Joinder Agreement”) to the Credit Agreement in order to induce the Lenders to make additional Revolving Loans and the Issuing Bank to issue Letters of Credit and as consideration for the Loans
previously made and Letters of Credit previously issued. 

  
 F-1

 NOW, THEREFORE, the Administrative Agent, Collateral Agent and the New [Subsidiary
Guarantor][Borrower] hereby agree as follows: 
 1. [Guarantee][Borrower]. In accordance with Section 5.10(b) of the
Credit Agreement, the New [Subsidiary Guarantor][Borrower] by its signature below becomes a [Subsidiary Guarantor][Borrower] under the Credit Agreement with the same force and effect as if originally named therein as a [Subsidiary
Guarantor][Borrower]. 
 2. Representations and Warranties. The New [Subsidiary Guarantor][Borrower] hereby
(a) agrees to all the terms and provisions of the Credit Agreement applicable to it as a [Subsidiary Guarantor][Borrower] thereunder and (b) represents and warrants that the representations and warranties made by it as a [Subsidiary
Guarantor][Borrower] thereunder are true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all
respects) on and as of the date hereof. Each reference to a [Subsidiary Guarantor][Borrower] in the Credit Agreement shall be deemed to include the New [Subsidiary Guarantor][Borrower]. The New [Subsidiary Guarantor][Borrower]hereby attaches
supplements to each of the schedules to the Credit Agreement applicable to it. 
 3. Severability. Any provision of this
Joinder Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 4. Counterparts. This Joinder Agreement may be executed in counterparts, each of which shall constitute an original. Delivery of an executed signature page to this Joinder Agreement by facsimile
transmission shall be as effective as delivery of a manually executed counterpart of this Joinder Agreement. 
 5. No
Waiver. Except as expressly supplemented hereby, the Credit Agreement shall remain in full force and effect. 
 6.
Notices. All notices, requests and demands to or upon the New [Subsidiary Guarantor][Borrower], any Agent or any Lender shall be governed by the terms of Section 10.01 of the Credit Agreement. 

7. Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [Signature Pages Follow] 

  
 F-2

 IN WITNESS WHEREOF, the undersigned have caused this Joinder Agreement to be duly executed
and delivered by their duly authorized officers as of the day and year first above written. 
  

			
	[NEW SUBSIDIARY GUARANTOR/BORROWER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:
	
	 UBS AG, STAMFORD BRANCH, as
 Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 F-3

 [Note: Schedules to be attached.] 

  
 F-4

 EXHIBIT G 
 [Form of] 
 LANDLORD ACCESS AGREEMENT 

[See attached.] 

  
 G-1

 EXHIBIT H 
 [Form of] 
 LC REQUEST [AMENDMENT] 

Dated
(12) 

UBS AG, Stamford Branch, as Administrative Agent under the Second Amended and Restated Revolving Credit Agreement dated as of
[October     , 2012] (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company
(“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a
Delaware limited liability company (“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and
each individually, a “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC,
as a Co-Documentation Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL
LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,
“Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral
Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a
co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a
co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the
UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”). 
 677 Washington Boulevard

 Stamford, Connecticut 06901 

Attention: [            ] 
 [Name and Address of Issuing Bank 
 if different from Administrative Agent] 

 

	12	 Date of LC
Request. 

  
 H-1

 Ladies and Gentlemen: 
 We hereby request that [name of proposed Issuing Bank], as Issuing Bank under the Credit Agreement, [issue] [amend] [renew] [extend] [a] [an existing] [Standby] [Commercial] Letter of Credit for the
account of the undersigned(13) on (14) (the “Date of [Issuance] [Amendment] [Renewal]
[Extension]”) in the aggregate stated amount of (15).
[Such Letter of Credit was originally issued on [date].] The requested Letter of Credit [shall be] [is] denominated in [Dollars] [Alternate Currency]. 
 For purposes of this LC Request, unless otherwise defined herein, all capitalized terms used herein which are defined in the Credit Agreement shall have the respective meaning provided therein.

 The beneficiary of the requested Letter of Credit [will be] [is] (16), and such Letter of Credit [will be] [is] in support of (17) and [will have] [has] [a stated expiration date of] [shall be an Auto-Renewal Letter of Credit] (18). [Describe the nature of the amendment, renewal or extension.]

 The undersigned hereby certifies as of the date hereof that: 

(1) [As of today and at the time of and immediately after giving effect to the [issuance] [amendment] [extension]
[renewal]19 of the Letter of Credit requested
herein, no Default has or will have occurred and be continuing. 
 (2) Each of the representations and warranties
made by any Loan Party set forth in any Loan Document are true and correct in all material respects (except that any representation 

 

	13 	 Note that if the LC Request is for the account of a Subsidiary, Borrower shall be a co-applicant, and be jointly and severally liable, with respect to
each Letter of Credit issued for the account or in favor of any Subsidiary. 

	14 	 Date of Issuance [Amendment] [Renewal] [Extension] which shall be at least two Business Days after the date of this LC Request, if this LC Request is
delivered to the Issuing Bank by 11:00 a.m., New York City time (or such shorter period as is acceptable to the Issuing Bank). 

	15 	 Aggregate initial stated amount of Letter of Credit. 

	16 	 Insert name and address of beneficiary. 

	17 	 Insert description of the obligation to which it relates in the case of Standby Letters of Credit and a description of the commercial transaction which
is being supported in the case of Commercial Letters of Credit. 

	18 	 Insert last date upon which drafts may be presented which may not be later than the earlier of (x) the date which is one year after the date of
the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (y) the Letter of Credit Expiration Date. However, Administrative Borrower may, in any Letter of Credit
Request request a Letter of Credit that has automatic renewal provisions. 

	19 	 Only include this certification if the effect of such amendment, extension or renewal of any existing Letter of Credit increases its face amount or
extends its expiration date. 

  
 H-2

 
and warranty that is qualified as to “materiality” or “Material Adverse Effect” is true and correct in all respects) on and as of today’s date and with the same effect as
though made on and as of today’s date, except to the extent such representations and warranties expressly relate to an earlier date.20 
 (3) No order, judgment or decree of any Governmental Authority purports to restrain any Lender from taking any actions to be made hereunder or from making any Loans to be made by it. No injunction or
other restraining order has been issued with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated by this LC
Request, the Credit Agreement or the making of Loans thereunder. 
 (4) After giving effect to the request
herein, the LC Exposure will not exceed the LC Commitment and the total Revolving Exposures will not exceed the lesser of (A) the total Revolving Commitment and (B) the Borrowing Base then in effect. 

(5) [With respect to Letters of Credit [issued [amended] [renewed] [extended] for the account of a Subsidiary, the Lenders
and the Administrative Agent have received the information required under Section 10.13 of the Credit Agreement] 

Copies of all relevant documentation with respect to the supported transaction are attached hereto. 

 

			
	PBF HOLDING COMPANY, LLC, as Administrative Borrower
		
	By:	 	  

		 	Name:
		 	Title:

  

	20	 This condition
does not apply to any request for the amendment of a Letter of Credit for purposes of decreasing its face amount. 

  
 H-3

 EXHIBIT I 
 [Form of] 
 LENDER ADDENDUM 

Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as
amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining
Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company
(“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a
“Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation
Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO
BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,
“Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral
Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a
co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a
co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the
UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”). 
 Upon execution
and delivery of this Lender Addendum by the parties hereto as provided in Section 10.15 of the Credit Agreement, the undersigned hereby becomes a Lender thereunder having the Commitment set forth in Schedule 1 hereto, effective as of the
A&R Effective Date. 
 THIS LENDER ADDENDUM SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 This Lender Addendum may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of an executed signature page hereof by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 

  
 I-1

 IN WITNESS WHEREOF, the parties hereto have caused this Lender Addendum to be duly executed
and delivered by their proper and duly authorized officers as of this      day of [                    ],
201[    ]. 
  

			
	______________________________________________,
	as a Lender
	[Please type legal name of Lender above]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[If second signature is necessary:]
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-2

			
	Accepted and agreed:
	
	PBF HOLDING COMPANY LLC
	DELAWARE CITY REFINING COMPANY LLC
	PAULSBORO REFINING COMPANY LLC
	TOLEDO REFINING COMPANY LLC,
	as Borrowers
		
	By:	 	  

		 	Name:
		 	Title:
	
	UBS AG, STAMFORD BRANCH, as
	Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-3

 Schedule 1 
 COMMITMENTS AND NOTICE ADDRESS 
  

							
	1.	  	Name of Lender:	 	  
	  	
		  	Notice Address:	 	  
	  	
		  		 	  
	  	
		  		 	  
	  	
		  	Attention:	 	  
	  	
		  	Telephone:	 	  
	  	
		  	Facsimile:	 	  
	  	
				
	2.	  	Commitment:	 	  
	  	

  
 I-4

 EXHIBIT J 
 [Reserved] 

  
 J-1-1

 EXHIBIT K-1 
 [Form of] 
 REVOLVING NOTE 

 

			
	$                	  	New York, New York
		  	[Date]

 FOR VALUE RECEIVED, the undersigned, PBF HOLDING COMPANY LLC, a Delaware limited liability company
(“Holdings”), DELAWARE CITY REFINING COMPANY LLC, a Delaware limited liability company (“Delaware City”), PAULSBORO REFINING COMPANY LLC, a Delaware limited liability company (“Paulsboro”) and
TOLEDO REFINING COMPANY LLC, a Delaware limited liability company (“Toledo”, and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a “Borrower”), hereby promise
to pay to the order of [LENDER] (the “Lender”) on the Revolving Maturity Date (as defined in the Credit Agreement referred to below), in lawful money of the United States and in immediately available funds, the principal amount of
the lesser of (a)              DOLLARS ($            ) and (b) the aggregate unpaid principal amount of all Revolving
Loans of the Lender outstanding under the Credit Agreement referred to below. Borrowers further agree to pay interest in like money at such office specified in Section 2.14 of the Credit Agreement on the unpaid principal amount hereof from time
to time from the date hereof at the rates, and on the dates, specified in Section 2.06 of such Credit Agreement. 
 The
holder of this Note may endorse and attach a schedule to reflect the date, Type and amount of each Revolving Loan of the Lender outstanding under the Credit Agreement, the date and amount of each payment or prepayment of principal hereof, and the
date of each interest rate conversion or continuation pursuant to Section 2.08 of the Credit Agreement and the principal amount subject thereto; provided that the failure of the Lender to make any such recordation (or any error in such
recordation) shall not affect the obligations of Borrowers hereunder or under the Credit Agreement. 
 This Note is one of the
Notes referred to in the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining
Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company (“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo”
and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the
meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS
Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint
lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity, “Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”),

  
 K-1-1

 
WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML
Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”),
CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS
Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK
SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”), is
subject to the provisions thereof and is subject to optional and mandatory prepayment in whole or in part as provided therein. Terms used herein which are defined in the Credit Agreement shall have such defined meanings unless otherwise defined
herein or unless the context otherwise requires. 
 This Note is secured and guaranteed as provided in the Credit Agreement and
the Security Documents. Reference is hereby made to the Credit Agreement and the Security Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and guarantees,
the terms and conditions upon which the security interest and each guarantee was granted and the rights of the holder of this Note in respect thereof. 
 Upon the occurrence of any one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due
and payable, all as provided therein. 
 All parties now and hereafter liable with respect to this Note, whether maker,
principal, surety, guarantor, endorser or otherwise, hereby waive (to the extent permitted by applicable law) presentment, demand, protest and all other notices of any kind. 
 THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO
THE TERMS OF THE CREDIT AGREEMENT. 
 THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [Signature Page Follows] 

  
 K-1-2

 
			
	PBF HOLDING COMPANY LLC
	DELAWARE CITY REFINING COMPANY LLC
	PAULSBORO REFINING COMPANY LLC
	TOLEDO REFINING COMPANY LLC,
	as Borrowers
		
	By:	 	  

		 	Name:
		 	Title:

  
 K-1-3

 EXHIBIT K-2 
 [Form of] 
 SWINGLINE NOTE 

 

			
	$                	  	New York, New York
		  	[Date]

 FOR VALUE RECEIVED, the undersigned, PBF HOLDING COMPANY LLC, a Delaware limited liability company
(“Holdings”), DELAWARE CITY REFINING COMPANY LLC, a Delaware limited liability company (“Delaware City”), PAULSBORO REFINING COMPANY LLC, a Delaware limited liability company (“Paulsboro”) and
TOLEDO REFINING COMPANY LLC, a Delaware limited liability company (“Toledo”, and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a “Borrower”), hereby promise
to pay to the order of UBS AG, STAMFORD BRANCH (the “Lender”) on the Revolving Maturity Date (as defined in the Credit Agreement referred to below), in lawful money of the United States and in immediately available funds, the
principal amount of the lesser of (a)              ($            ) and (b) the aggregate unpaid principal amount of all
Swingline Loans made by Lender to the undersigned pursuant to Section 2.17 of the Credit Agreement referred to below. Borrowers further agree to pay interest on the unpaid principal amount hereof in like money at such office specified in
Section 2.14 of the Credit Agreement from time to time from the date hereof at the rates and on the dates specified in Section 2.06 of the Credit Agreement. 
 The holder of this Note may endorse and attach a schedule to reflect the date, the amount of each Swingline Loan and the date and amount of each payment or prepayment of principal thereof; provided
that the failure of Lender to make such recordation (or any error in such recordation) shall not affect the obligations of Borrower hereunder or under the Credit Agreement. 
 This Note is one of the Notes referred to in the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining Company LLC, a Delaware limited
liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company (“Paulsboro”), Toledo Refining
Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a “Borrower”), the Subsidiary Guarantors (such
term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation Agent (in such capacity, “UBS Co-Documentation
Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint
lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity, “Administrative Agent”), UBS AG, STAMFORD BRANCH, as
co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in
such capacity “BAML Co-Collateral Agent” 

  
 K-2-1

 
and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN FINANCE LLC, as Swingline Lender (in such capacity, the
“Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a co-syndication agent (the “BAML Co-Syndication
Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a co-documentation agent (in such capacity, the “WF
Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the UBS Co-Documentation Agent and the WF Co-Documentation
Agent, the “Co-Documentation Agents”), is subject to the provisions thereof and is subject to optional and mandatory prepayment in whole or in part as provided therein. Terms used herein which are defined in the Credit Agreement
shall have such defined meanings unless otherwise defined herein or unless the context otherwise requires. 
 This Note is
secured and guaranteed as provided in the Credit Agreement and the Security Documents. Reference is hereby made to the Credit Agreement and the Security Documents for a description of the properties and assets in which a security interest has been
granted, the nature and extent of the security and guarantees, the terms and conditions upon which the security interest and each guarantee was granted and the rights of the holder of this Note in respect thereof. 

Upon the occurrence of any one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on
this Note may become, or may be declared to be, immediately due and payable as provided in the Credit Agreement. 
 All parties
now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive (to the extent permitted by applicable law) presentment, demand, protest and all other notices of any kind.

 THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS NOTE MUST
BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT. 
 THIS
NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

[Signature Page Follows] 

  
 K-2-2

 
			
	PBF HOLDING COMPANY LLC
	DELAWARE CITY REFINING COMPANY LLC
	PAULSBORO REFINING COMPANY LLC
	TOLEDO REFINING COMPANY LLC,
	as Borrowers
		
	By:	 	  

		 	Name:
		 	Title:

  
 K-2-3

 EXHIBIT L-2 
 [Form of] 
 PERFECTION CERTIFICATE SUPPLEMENT 

[See attached.] 

  
 L-2-1

 EXHIBIT N 
 [Form of] 
 OPINION OF COMPANY COUNSEL 

[See attached.] 

  
 N-1

 EXHIBIT O 

[Form of] 

SOLVENCY CERTIFICATE 
 [See attached.] 

  
 O-1

 EXHIBIT P 
 [Form of] 
 INTERCOMPANY NOTE 

New York, New York 

[date] 
 FOR VALUE
RECEIVED, each of the undersigned, to the extent a borrower from time to time from any other entity listed on the signature page hereto (each, in such capacity, a “Payor”), hereby promises to pay on demand to the order of such other
entity listed below (each, in such capacity, a “Payee”), in lawful money of the United States of America in immediately available funds, at such location in the United States of America as a Payee shall from time to time designate,
the unpaid principal amount of all loans and advances (including trade payables) made by such Payee to such Payor. Each Payor promises also to pay interest on the unpaid principal amount of all such loans and advances in like money at said location
from the date of such loans and advances until paid at such rate per annum as shall be agreed upon from time to time by such Payor and such Payee. 
 This note (“Note”) is an Intercompany Note referred to in the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining Company
LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company
(“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a
“Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation
Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO
BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,
“Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral
Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a
co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a
co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the
UBS Co-Documentation Agent and the WF Co-Documentation Agent, the 

  
 P-1

 
“Co-Documentation Agents”), and is subject to the terms of the Credit Agreement and shall be pledged by each Payee pursuant to the applicable Security Agreement, to the extent
required pursuant to the terms thereof. Each Payee hereby acknowledges and agrees that the Agents may exercise all rights provided in the Credit Agreement and the applicable Security Agreement with respect to this Note. 

Anything in this Note to the contrary notwithstanding, the indebtedness evidenced by this Note owed by any Payor that is a Loan Party to
any Payee other than Borrowers shall be subordinate and junior in right of payment, to the extent and in the manner hereinafter set forth, to all Obligations of such Payor under the Credit Agreement, including, without limitation, where applicable,
under such Payor’s guarantee of the Obligations under the Credit Agreement (such Obligations and other indebtedness and obligations in connection with any renewal, refunding, restructuring or refinancing thereof, including interest thereon
accruing after the commencement of any proceedings referred to in clause (i) below, whether or not such interest is an allowed claim in such proceeding, being hereinafter collectively referred to as “Senior Indebtedness”):

 (i) In the event of any insolvency or bankruptcy proceedings, and any receivership, liquidation,
reorganization or other similar proceedings in connection therewith, relative to any Payor or to its creditors, as such, or to its property, and in the event of any proceedings for voluntary liquidation, dissolution or other winding up of such
Payor, whether or not involving insolvency or bankruptcy, then (x) the holders of Senior Indebtedness shall be paid in full in cash in respect of all amounts constituting Senior Indebtedness (other than Unasserted Contingent Obligations) before
any Payee is entitled to receive (whether directly or indirectly), or make any demands for, any payment on account of this Note and (y) until the holders of Senior Indebtedness are paid in full in cash in respect of all amounts constituting
Senior Indebtedness (other than Unasserted Contingent Obligations (as defined in the applicable Credit Agreement)), any payment or distribution to which such Payee would otherwise be entitled (other than debt securities of such Payor that are
subordinated, to at least the same extent as this Note, to the payment of all Senior Indebtedness then outstanding (such securities being hereinafter referred to as “Restructured Debt Securities”)) shall be made to the holders of
Senior Indebtedness; 
 (ii) if any event of default occurs and is continuing with respect to any Senior
Indebtedness (including any Event of Default under the Credit Agreement), then no payment or distribution of any kind or character shall be made by or on behalf of the Payor or any other Person on its behalf with respect to this Note; and

 (iii) if any payment or distribution of any character, whether in cash, securities or other property (other
than Restructured Debt Securities), in respect of this Note shall (despite these subordination provisions) be received by any Payee in violation of clause (i) or (ii) before all Senior Indebtedness shall have been paid in full in cash
(other than Unasserted Contingent Obligations), such payment or distribution shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior Indebtedness (or their representatives), ratably according to the
respective aggregate amounts remaining unpaid thereon, to the extent necessary to pay all Senior Indebtedness in full in cash (other than Unasserted Contingent Obligations). 
 To the fullest extent permitted by law, no present or future holder of Senior Indebtedness shall be prejudiced in its right to enforce the subordination of this Note by any act or failure to act on the
part of any Payor or by any act or failure to act on the part of such holder or any trustee or agent for such holder. Each Payee and each Payor hereby agree that the subordination of this Note is for the benefit of the

  
 P-2

 
Agents, the Issuing Bank and the Lenders and the Agents, the Issuing Bank and the Lenders are obligees under this Note to the same extent as if their names were written herein as such and the
Agents may, on their own behalf, the Issuing Bank and the Lenders, proceed to enforce the subordination provisions herein. 

The indebtedness evidenced by this Note owed by any Payor that is not a Loan Party shall not be subordinated to, and shall rank pari
passu in right of payment with, any other obligation of such Payor. 
 Nothing contained in the subordination provisions set
forth above is intended to or will impair, as between each Payor and each Payee, the obligations of such Payor, which are absolute and unconditional, to pay to such Payee the principal of and interest on this Note as and when due and payable in
accordance with its terms, or is intended to or will affect the relative rights of such Payee and other creditors of such Payor other than the holders of Senior Indebtedness. 
 Each Payee is hereby authorized to record all loans and advances made by it to any Payor (all of which shall be evidenced by this Note), and all repayments or prepayments thereof, in its books and
records, such books and records constituting prima facie evidence of the accuracy of the information contained therein. 
 Each
Payor hereby waives (to the extent permitted by applicable law) presentment, demand, protest or notice of any kind in connection with this Note. All payments under this Note shall be made without offset, counterclaim or deduction of any kind.

  
 P-3

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THEREOF. 
  

			
	PBF HOLDING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	DELAWARE CITY REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PAULSBORO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF POWER MARKETING, LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	DELAWARE PIPELINE COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF INVESTMENTS LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 P-4

 
			
	PAULSBORO NATURAL GAS PIPELINE COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	TOLEDO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF FINANCE CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 P-5

 EXHIBIT Q 
 [Form of] 
 NON-BANK CERTIFICATE 

Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of [October     , 2012] (as
amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Delaware City Refining
Company LLC, a Delaware limited liability company (“Delaware City”), Paulsboro Refining Company LLC (f/k/a Valero Refining Company – New Jersey, a Delaware corporation), a Delaware limited liability company
(“Paulsboro”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo” and together with Holdings, Delaware City and Paulsboro, “Borrowers” and each individually, a
“Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of the Credit Agreement), the Lenders, UBS SECURITIES LLC, as a Co-Documentation
Agent (in such capacity, “UBS Co-Documentation Agent”) and a Co-Syndication Agent (in such capacity the “UBS Co-Syndication Agent”), UBS SECURITIES LLC, CITIBANK, N.A., BANK OF AMERICA MERRILL LYNCH, WELLS FARGO
BANK, N.A. AND DEUTSCHE BANK SECURITIES INC., as joint lead arrangers and joint lead bookmanagers (in such capacities, “Joint lead Arrangers”), UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,
“Administrative Agent”), UBS AG, STAMFORD BRANCH, as co-collateral agent (in such capacity, “UBS Co-Collateral Agent”), WELLS FARGO BANK, N.A., as a co-collateral agent (in such capacity “WF Co-Collateral
Agent”), BANK OF AMERICA, N.A., as a co-collateral agent (in such capacity “BAML Co-Collateral Agent” and, together with UBS Co-Collateral Agent and WF Co-Collateral Agent, “Co-Collateral Agents”), UBS LOAN
FINANCE LLC, as Swingline Lender (in such capacity, the “Swingline Lender”), CITIBANK, N.A., as co-syndication agent (in such capacity, the “Citibank Co-Syndication Agent”), BANK OF AMERICA, N.A., as a
co-syndication agent (the “BAML Co-Syndication Agent” and, together with the UBS Co-Syndication Agent and the Citibank Co-Syndication Agent, the “Co-Syndication Agents”), WELLS FARGO BANK, N.A., as a
co-documentation agent (in such capacity, the “WF Co-Documentation Agent”), and DEUTSCHE BANK SECURITIES INC., as a co-documentation agent (in such capacity, the “DB Co-Documentation Agent” and, together with the
UBS Co-Documentation Agent and the WF Co-Documentation Agent, the “Co-Documentation Agents”). 
 The
undersigned is not (i) a bank (as such term is used in Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”)), (ii) a “10 percent shareholder” of a Borrower within the meaning of
section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and no payments in connection with the Loan Documents are effectively connected with the undersigned’s
conduct of a U.S. trade or business. 
 The undersigned has furnished the Administrative Agent and the Borrowers (or, in the
case of a Participant, the Lender from which the Loan was purchased) with duly completed copies of its non-U.S. person status on Internal Revenue Service form W-8BEN (or any successor forms). 

  
 Q-1

 
			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[ADDRESS]

 Dated:
                    , 201    . 

  
 Q-2

 EXHIBIT R 
 [Form of] 
 BORROWING BASE CERTIFICATE 

[See attached.] 

  
 R-1

 EXHIBIT S 
 [Form of] 
 LETTER OF CREDIT 

[See attached.]EXHIBIT 10.17

 Exhibit 10.17 
 THE WARRANTS, THE PURCHASABLE UNITS, AND THE SECURITIES PURCHASABLE PURSUANT TO THE WARRANTS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS, UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. 

RESTATED WARRANT AND PURCHASE AGREEMENT 
 THIS CERTIFIES THAT, as of the Effective Date, [                    ] (the
“Participant”): (a) has purchased, from PBF Energy Company LLC, a Delaware limited liability company (the “Company”), [        ] Series A Units (the
“Purchasable Units”); (b) has purchased from the Company a warrant to purchase, from the Company or a Subsidiary, [        ] Series A Units or Subsidiary Units, as
applicable, which warrant is offered for purchase as a component of a capital raising initiative by the Company and not in connection with the performance of services (the “Non-Compensatory Warrant”); (c) is granted a
warrant to purchase, from the Company or a Subsidiary, [        ] Series A Units or Subsidiary Units, as applicable, in consideration for services performed for the Company or a Subsidiary (the
“Compensatory Warrant” and, together with the Non-Compensatory Warrant, the “Warrants” and each, a “Warrant”); and (d) is entitled to the other rights set forth herein, in
each case, subject to the terms and conditions of this Agreement. 
 As of the Effective Date, the Warrants shall entitle the
holder to purchase Series A Units or Subsidiary Units, as applicable, of the Company or a Subsidiary; provided, however, that, for the avoidance of doubt, once a portion of the Warrant has been exercised for Series A Units or Subsidiary Units, as
applicable, such portion shall no longer be exercisable. The terms and conditions of this Agreement are intended to encompass the rights and obligations of the Participant, the Company, and each of the Subsidiaries with respect to the specific
transactions noted herein; any additional purchases of Series A Units by the Participant, offers for purchase of a Non-Compensatory Warrant or grants of a Compensatory Warrant to the Participant, in each case, will be evidenced by a separate
agreement by and between the Participant and the applicable entity, upon the terms and conditions noted within such agreement. 

By accepting delivery hereof, the Participant agrees to be bound by the provisions hereof. All capitalized terms used herein and not
otherwise defined have the meaning set forth in the LLC Agreement. 
 IN FURTHERANCE THEREOF, the Company, the Subsidiaries
listed on the signature page hereto, and the Participant agree as follows: 
 Section 1. Definitions and
Construction. 
 (a) Certain Definitions. The following terms as used herein shall have the meanings below
(the following definitions being applicable in both singular and plural forms): 
 “Agreement” means
this Warrant and Purchase Agreement, as it may be amended from time to time. 

 “Board of Directors” means the board of directors of the Company or,
upon the occurrence of an Initial Public Offering of the securities of a Subsidiary, the board of directors of such Subsidiary that undergoes the Initial Public Offering. 
 “Change in Control” means (i) the consummation of any consolidation, reorganization, merger or similar transaction (in one transaction or a series of related transactions)
involving the Company, other than a consolidation, reorganization, merger or similar transaction in which the voting power of the voting securities of the Company immediately prior to such transaction constitutes more than 50% of the combined voting
power of the voting securities of the surviving entity, (ii) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) (other than to existing holders of Series A Units as of the Effective Date and
their Permitted Transferees) of all or substantially all of the assets of the Company, (iii) the liquidation or dissolution of the Company, or (iv) any “person” (as defined in sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)) (excluding existing holders of Series A Units as of the Effective Date and their Permitted Transferees) becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of more than 50% of the voting power of the Company outstanding at the time (in one or more related or unrelated transactions). 

“Commission” means the Securities and Exchange Commission or any other Federal agency administering the
Securities Act at the time. 
 “Effective Date” means the date as of which the Participant has purchased
the full number of Purchasable Units and the Non-Compensatory Warrant as noted within the introductory paragraph of this Agreement. 
 “Exercise Amount” means, for any number of Warrant Units as to which a Warrant is being exercised, the product of (i) such number of Warrant Units, times (ii) the
Exercise Price. 
 “Exercise Price” means $10.00 per Series A Unit or Subsidiary
Unit, as applicable, which is equal to, or greater than, the Fair Market Value per Series A Unit or Subsidiary Unit, as applicable, on the Effective Date.  
 “Expiration Date” means the tenth anniversary of the Effective Date. 
 “Fair Market Value” means, for a particular date, the fair market value of the Series A Units or the Subsidiary Units, as determined by the Board of Directors in good faith and in
such manner as it deems appropriate, or, following an Initial Public Offering, the closing price per Series A Unit or Subsidiary Unit, as applicable, reported on the national securities exchange on which such Series A Units or Subsidiary Units, as
applicable, are listed. 
 “LLC Agreement” means that certain Limited Liability Company Agreement of PBF
Energy Company LLC, as it may be amended from time to time. 
 “Purchase Amount” means the product of
(i) the number of Purchasable Units to be purchased pursuant to Section 2(b)(i) of this Agreement, times (ii) $10.00. 
 “Securities Act” means the Securities Act of 1933, as amended, or any successor Federal statute, and the rules and regulations of the Commission thereunder, all as the same shall
be in effect at the time. Reference to a particular section of the Securities Act shall include a reference to the comparable section, if any, of any such successor Federal statute. 

  
 2 

 “Series A Units” has the meaning ascribed to such term in the LLC
Agreement, and includes the common stock or corresponding securities of any successor to the Company in a Change in Control. 

“Subsidiary” means (i) when used with respect to the Non-Compensatory Warrant, any present or future, direct
or indirect, wholly-owned subsidiary of the Company, and (ii) when used with respect to the Compensatory Warrant, one of the following entities (or their successors), as applicable: (A) PBF Holding Company LLC, (B) PBF Services
Company LLC, (C) PBF Investments LLC, and (D) Delaware City Refining Company LLC; provided, that, for the avoidance of doubt, the Compensatory Warrant may only be exercised for the purchase of securities of the Company or of one of the
entities listed in clauses (A) through (D) of this paragraph (or their successors). 
 “Subsidiary
Unit” means that number of unit(s), share(s) or other membership or ownership interest(s) (or fractions thereof) in a Subsidiary that represents the same proportionate interest in the Subsidiary as one Series A Unit indirectly
represents with respect to such Subsidiary; provided, that as of the Effective Date, the Fair Market Value of such a proportionate interest in any Subsidiary shall not exceed the Fair Market Value of one Series A Unit. 

“Target Company” means the entity (i.e., the Company, a successor thereto or a Subsidiary) whose
securities the Participant elects to purchase pursuant to the exercise of a Warrant in accordance with Section 2(b) hereof. 
 “Warrant Units” means the number of Series A Units or Subsidiary Units, as applicable, issued or issuable upon exercise of the Warrants as set forth in the introductory paragraph
hereto, as adjusted from time to time pursuant to Section 5. 
 (b) Construction. Unless the context requires
otherwise, references to the plural include the singular and to the singular include the plural, references to any gender include any other gender, the part includes the whole, the term “including” is not limiting, and the term
“or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this
Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Section, subsection, clause, exhibit and schedule references are to this Agreement, unless otherwise specified. Any reference to this Agreement
includes any and all permitted alterations, amendments, changes, extensions, modifications, renewals, or supplements hereto, as applicable. 
 (c) Exhibits and Schedules. All of the exhibits and schedules attached hereto shall be deemed incorporated herein by reference. 

Section 2. Purchase, Exercise and Other Terms. 

(a) Consideration. 
 (i) Purchase of Purchasable Units and Non-Compensatory Warrant. To purchase the Purchasable Units and the Non-Compensatory Warrant, Participant shall pay to the Company, on the Effective Date, the
Purchase Amount by personal check or wire transfer of immediately available funds to the account designated by the Company. 

(ii) Grant of Compensatory Warrant. On the Effective Date, the Participant is granted the Compensatory Warrant in consideration of
services performed for the Company and/or the Subsidiaries. 

  
 3 

 (b) Vesting and Exercisability of Warrants. 

(i) Vesting. The Warrants will be 100% vested upon the Effective Date. Notwithstanding the foregoing, if a the Participant’s
employment or service is terminated by the Company for Cause, all Compensatory Warrants held by the Participant shall automatically be forfeited to the Company at the date of such termination without further action on the part of the Company or the
Participant. 
 (ii) Exercisability. 
 (A) Non-Compensatory Warrant. The Non-Compensatory Warrant shall be 100% exercisable on the Effective Date. 
 (B) Compensatory Warrant. Subject to clause (i) above, the Compensatory Warrant shall become exercisable as follows: (1) 25% on the Effective Date and (2) the remaining 75% in equal
annual installments on each of the first three anniversaries of the Effective Date, such that the Compensatory Warrant shall be 100% exercisable as of the third anniversary of the Effective Date. Notwithstanding the foregoing, but subject to clause
(i) above, the Compensatory Warrant shall be 100% exercisable upon the occurrence of an Initial Public Offering of the Company or any Subsidiary, or upon a Change in Control. 

(iii) Mechanics of Exercise. The Participant may elect to exercise any exercisable Warrant Units for either Series A Units or
Subsidiary Units. Once a Warrant Unit is exercised for securities of the Target Company, it is no longer exercisable with regard to the Company or the remaining Subsidiaries, as applicable. Once the Warrants become exercisable in accordance with the
foregoing provisions, subject to clause (i) above with respect to the Compensatory Warrants, the Warrants may be exercised, in whole or in part, by the Participant at any time prior to the Expiration Date. Exercise of the Warrants shall be
effected by delivering to the Target Company a duly executed notice (a “Notice of Exercise”) in the form of Exhibit A or Exhibit B, as applicable, and by paying to the Target Company the applicable Exercise
Amount by personal check or wire transfer of immediately available funds to the account of the Target Company. 
 (c)
Effectiveness and Delivery. As soon as practicable but not later than five Business Days after the Target Company shall have received such Notice of Exercise and payment, the Target Company shall issue or cause to be issued, in
accordance with such Notice of Exercise, the number of Series A Units or Subsidiary Units, as applicable, specified in such Notice of Exercise, issued in the name of the Participant or in such other name or names of any Family Member designated in
such Notice of Exercise. The Warrants shall be deemed to have been exercised and such Series A Units or Subsidiary Units, as applicable, shall be deemed to have been issued, and the Participant or other Family Member(s) designated in such Notice of
Exercise shall be deemed for all purposes to have become a holder of record of such Series A Units or Subsidiary Units, as applicable, as of the date that such Notice of Exercise and payment shall have been received by the Target Company.

  
 4 

 (d) Legend. Any certificate for Series A Units purchased pursuant to this
Agreement or Warrant Units issued upon exercise of the Warrants, unless at the time of receipt of the security, the Series A Units or Warrant Units, as applicable, are registered under the Securities Act, shall bear the following legend: 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS, UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. 
 Any certificate for the Series A Units or Warrant Units, as applicable, issued at any time in exchange or substitution for any certificate bearing such legend (unless at that time such securities are
registered under the Securities Act) shall also bear such legend unless, in the written opinion of counsel selected by the holder of such certificate, which counsel and opinion shall be reasonably acceptable to the Company or the Target Company, if
applicable, the securities represented thereby need no longer be subject to restrictions on resale under the Securities Act. 

(f) Fractional Units. The Target Company shall not be required to issue fractions of Series A Units or Subsidiary Units, as
applicable, upon an exercise of the Warrants. If any fraction of a Series A Unit or Subsidiary Unit, as applicable, would, but for this restriction, be issuable upon an exercise of the Warrants, in lieu of delivering such fractional Series A Unit or
Subsidiary Unit, as applicable, the Target Company shall pay to the Participant, in cash, an amount equal to the same fraction times the Fair Market Value of a Series A Unit or Subsidiary Unit, as applicable, on the date of such exercise.

 (g) Expenses. The Target Company shall pay all its own expenses and charges payable in connection with the
preparation, issuance and delivery of the Warrant Units. 
 Section 3. Investment Representations.

 The Participant hereby represents and agrees that the following representations are true and correct: 

(a) The Purchasable Units, as well as the Series A Units or Subsidiary Units, as applicable, issuable upon exercise of the Warrants, and
any securities issued with respect thereto by way of a dividend, split or in connection with a reorganization, merger, consolidation, sale or transfer of the Target Company’s assets will be “restricted securities” as such term is used
in the rules and regulations under the Securities Act and such securities have not been and may not be registered under the Securities Act or any state securities laws, and such securities must be held indefinitely unless registration is effected or
transfer can be made pursuant to appropriate exemptions; 
 (b) The Participant has read and fully understands the terms of the
Agreement set forth on its face and the attachments hereto, including the restrictions on transfer contained herein; and 
 (c)
The Participant is purchasing for investment for his own account and not with a view to or for sale in connection with any distribution of the Purchasable Units, or the Series A Units or Subsidiary Units, as applicable, issuable upon exercise of the
Warrants, and he has no intention of selling any such securities in a public distribution in violation of the Federal 

  
 5 

 
securities laws or any applicable state securities laws; provided, that nothing contained herein will prevent the Participant from transferring such securities in compliance with the terms of
this Agreement, the LLC Agreement (or other agreement governing the rights and obligations associated with Subsidiary Units, if applicable), and applicable Federal and state securities laws. 

Section 4. Company and Subsidiary Representations. 

(a) The Company and the Subsidiaries that are parties hereto represent and warrant that this Agreement has been duly authorized, is
validly issued, and constitutes a valid and binding obligation of the Company and such Subsidiaries. 
 (b) The Company and such
Subsidiaries further represent and warrant that on or prior to the Effective Date they have duly authorized and reserved, and the Company and such Subsidiaries hereby agree that they will at all times until the Expiration Date have duly authorized
and reserved, such number of Series A Units or Subsidiary Units, as applicable, as will be sufficient to permit the purchase of the Series A Units or Subsidiary Units, as applicable, and the exercise of the Warrants, and that all such Series A Units
or Subsidiary Units, as applicable, are and will be duly authorized and, when issued upon exercise of the Warrants, will be validly issued, fully paid and non-assessable, and free and clear of all security interests, claims, liens, equities and
other encumbrances. 
 Section 5. Antidilution Provisions for Warrants. 

The number and kind of securities purchasable upon exercise of the Warrants and the Exercise Price shall be subject to adjustment from
time to time as follows: 
 (a) Splits, Subdivisions or Combinations. The Exercise Price of the Warrants shall be
proportionately decreased and the number of Series A Units or Subsidiary Units, as applicable, issuable upon exercise of the Warrants shall be proportionally increased to reflect any split or subdivision of the Series A Units or Subsidiary Units, as
applicable. The Exercise Price of the Warrants shall be proportionately increased and the number of Series A Units or Subsidiary Units, as applicable, issuable upon exercise of the Warrants shall be proportionally decreased to reflect any
combination of the Series A Units or Subsidiary Units, as applicable. 
 (b) Reclassification, Reorganization and
Consolidation. In case of any reclassification, capital reorganization, or change in the Series A Units or Subsidiary Units, as applicable (other than as result of a split, subdivision, combination or distributions provided for in
Section 5(a) above), then, as a condition of such reclassification, reorganization, or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company, the applicable Subsidiary or the successor shall be
delivered to the Participant, so that the Participant shall have the right prior to the Expiration Date to purchase, at a total price equal to that payable upon the exercise of the Warrants, the kind and amount of units or other securities and
property receivable in connection with such reclassification, reorganization or change by a holder of the same number of Series A Units or Subsidiary Units, as applicable, as were purchasable by the Participant immediately prior to such
reclassification, reorganization, or change. In all events, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions of the Warrants with respect to the rights and interests of
the Participant after the transaction, to the end that the provisions of the Warrants shall be applicable after that event, as near as reasonably may be, in relation to any units, other securities or other property deliverable after that event upon
exercise of the Warrants. 

  
 6 

 Section 6. Registration of Securities. Neither the Purchasable
Units nor the Warrant Units have been registered with the Commission under the Securities Act or qualified for sale pursuant to any state blue sky law, and neither may be sold or transferred without such registration or qualification, except
pursuant to an exemption therefrom. No rights shall be hereby granted which are in violation of applicable securities laws or regulations. 
 Section 7. Transferability. The transferability of the Purchasable Units shall be governed by the terms and conditions of the LLC Agreement. The Warrants shall be transferable to
the same extent as Series A Units are transferable under the terms and conditions of the LLC Agreement; provided, that, following any such transfer of the Warrants, the term “Participant” as used in this Agreement shall refer to the
transferee. 
 Section 8. Lost, Mutilated or Missing Agreements. Upon receipt by the Company or,
following the time the Warrants are exercised under Section 2(b), the Target Company, of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement and, in the case of loss, theft or destruction, upon
receipt of indemnification satisfactory to the Company or the Target Company, as applicable, or, in the case of mutilation, upon surrender and cancellation of the mutilated Agreement, the Company or the Target Company, as applicable, shall execute
and deliver a new Agreement of like tenor and representing the right to purchase the same aggregate number of Warrant Units. 

Section 9. Waivers; Amendments. The provisions of this Agreement may be amended or waived only with the written
consent of the parties hereto (or, following the time the Warrants are exercised under Section 2(b), of the Participant and the Target Company); provided, that the Company or the Target Company, as applicable, may unilaterally make such
amendments that it deems necessary or advisable to the extent any such amendment does not materially adversely affect the rights of the Participant. 
 Section 10. Miscellaneous. 
 (a) Rights as Unit
Holder. With respect to the Purchasable Units, the Participant shall have and be subject to the rights and obligations of holders of Series A Units as provided pursuant to the LLC Agreement. Prior to exercise of the Warrants, however, the
Participant shall not be entitled to any rights of a holder of Series A Units or Subsidiary Units, as applicable, with respect to the Warrant Units. 
 (b) LLC Agreement. Notwithstanding any provision contained in this Agreement, in the event of any conflict or inconsistency between the terms and conditions of this Agreement and the terms
and conditions of the LLC Agreement, the terms of the LLC Agreement shall be controlling. 
 (c) Successors and
Assigns. This Agreement shall be binding upon the Participant and the Participant’s legal representatives, heirs, legatees and distributees, and upon the Company, the Subsidiaries and their respective successors and assigns. 

(d) Severability. In case any one or more of the provisions contained in this Agreement shall be invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. The parties shall endeavor in good faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

  
 7 

 (e) Notices. Any notice or other communication hereunder shall be in writing
and shall be sufficient if sent by first-class mail or courier, postage prepaid, and addressed as follows: (i) if to the Company or the Subsidiaries, addressed to the address for notices as set forth below the named entity’s signature
hereon or any other address as the Company or the Subsidiaries may hereafter notify to the Participant, and (ii) if to the Participant, addressed to such address as the Participant may hereafter from time to time notify to the Company or the
Subsidiaries for the purposes of notice hereunder. 
 (f) Equitable Remedies. Without limiting the rights of the
Company, the Target Company or the Participant to pursue all other legal and equitable rights otherwise available, the Company and the Participant hereby acknowledge and agree that the remedy at law for any failure of any party hereto to perform
their respective obligations hereunder would be inadequate and that the Company, the Target Company and/or the Participant, as applicable, shall be entitled to specific performance, injunctive relief or other equitable remedies in the event of any
such failure. 
 (g) Continued Effect. Rights and benefits conferred on the holders of securities pursuant to this
Agreement shall continue to inure to the benefit of, and shall be enforceable by, such holders, notwithstanding the surrender of the Agreement to, and its cancellation by, the Company or the Target Company upon the full or partial exercise of the
Warrants, except as provided in the introductory paragraph of this Agreement. 
 (h) Governing Law. THIS AGREEMENT
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (EXCLUDING ANY CONFLICTS OF INTERESTS LAWS), EXCEPT AS OTHERWISE REQUIRED BY MANDATORY PROVISIONS OF LAW. 

(i) Section Headings. The section headings used herein are for convenience of reference only and shall not be construed in
any way to affect the interpretation of any provisions of the Agreement. 
 (j) Withholding. The Participant may be
required to pay to the Company or a Subsidiary, and the Company or a Subsidiary shall have the right and is authorized to withhold, any applicable withholding or other taxes in respect of the Compensatory Warrant, its exercise, or any payment or
transfer under or with respect to the Compensatory Warrant and to take such other action as may be necessary in the opinion of the Board of Directors to satisfy all obligations for the payment of such withholding or other taxes. 

(k) Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the
same effect as if the signatures thereto and hereto were upon the same instrument. 
 [The remainder of this page
intentionally left blank.] 

  
 8 

 IN WITNESS WHEREOF, the Company and the Subsidiaries listed below have caused this
Agreement to be duly executed by its authorized signatory as of                     . 

 

					
	PBF ENERGY COMPANY LLC
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	Address for Notices:
		
		 	1 Sylvan Way, 2nd floor
		 	Parsippany, NJ 07054
		 	Attn: Jeffrey Dill, General Counsel
	
	PBF HOLDING COMPANY LLC
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	Address for Notices:
		
		 	1 Sylvan Way, 2nd floor
		 	Parsippany, NJ 07054
		 	Attn: Jeffrey Dill, General Counsel
	
	PBF SERVICES COMPANY LLC
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	Address for Notices:
		
		 	1 Sylvan Way, 2nd floor
		 	Parsippany, NJ 07054
		 	Attn: Jeffrey Dill, General Counsel

 [Signature Page] 

					
	PBF INVESTMENTS LLC
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	Address for Notices:
		
		 	1 Sylvan Way, 2nd floor
		 	Parsippany, NJ 07054
		 	Attn: Jeffrey Dill, General Counsel
	
	DELAWARE CITY REFINING COMPANY LLC
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	Address for Notices:
		
		 	1 Sylvan Way, 2nd floor
		 	Parsippany, NJ 07054
		 	Attn: Jeffrey Dill, General Counsel

  

			
	ACCEPTED BY:
	
	  

Name

		
	Date:	 	  

 [Signature Page] 

 Exhibit A to Agreement 

Form of Notice of Exercise of Non-Compensatory Warrant 
             , 20     
  

	To:	PBF Energy Company LLC 

 1
Sylvan Way, 2nd floor 

Parsippany, NJ 07054 
 Attn: Jeffrey Dill,
General Counsel 
 Reference is made to the Warrant and Purchase Agreement, dated
            , 20    (the “Agreement”). Terms defined therein are used herein as therein defined. 

The undersigned, pursuant to the Non-Compensatory Warrant provisions set forth in the Agreement, hereby irrevocably elects and agrees to
purchase         [Series A Units][Subsidiary Units] of [INSERT NAME OF ELECTED ENTITY], and makes payment herewith in full therefor at the Exercise Price of [$        ]
per unit (or [$        ] in the aggregate). 
 In connection with the exercise of the
Non-Compensatory Warrant set forth in the Agreement, and as a condition to the exercise, the undersigned hereby represents and warrants that the representations made in Section 3 of the Agreement are true and correct on and as of the date
hereof. 
  

	
	PARTICIPANT
	
	  
 Name

 Notice of Exercise 

 Exhibit B to Agreement 

Form of Notice of Exercise of Compensatory Warrant 
             , 20     
  

	To:	PBF Energy Company LLC 

 1
Sylvan Way, 2nd floor 

Parsippany, NJ 07054 
 Attn: Jeffrey Dill,
General Counsel 
 Reference is made to the Warrant and Purchase Agreement, dated
            , 20        (the “Agreement”). Terms defined therein are used herein as therein defined. 

The undersigned, pursuant to the Compensatory Warrant provisions set forth in the Agreement, hereby irrevocably elects and agrees to
purchase         [Series A Units][Subsidiary Units] of [INSERT NAME OF ELECTED ENTITY], and makes payment herewith in full therefor at the Exercise Price of [$        ]
per unit (or [$        ] in the aggregate). 
 In connection with the exercise of the
Compensatory Warrant set forth in the Agreement, and as a condition to the exercise, the undersigned hereby represents and warrants that the representations made in Section 3 of the Agreement are true and correct on and as of the date hereof.

  

	
	PARTICIPANT
	
	  
 Name

 Notice of Exercise 

 [PBF LETTERHEAD] 

 
 November [__], 2012 

 
 [Name] 

[Address] 
  

	 	Re:	 	Warrant and Purchase Agreements identified on 

	 	    	 	Schedule A hereto (the “Warrant Agreements”) 

  

Dear [            ], 

 
 We are entering into this letter agreement (this “Letter
Agreement”) in order to amend certain terms of the Warrant Agreements. Capitalized terms used but not defined in this letter shall have the respective meanings ascribed thereto in the Warrant Agreements (except as otherwise expressly set forth
herein). 
  
 Section 1. Amendments to the Warrant
Agreements. Each of the Warrant Agreements shall be amended as follows: 
  
 (a) Exercisable Solely for Series A Units. Notwithstanding anything to the contrary contained in the Warrant Agreements, each of the Warrants shall hereafter be exercisable solely for Series A
Units, and shall not be exercisable under any circumstances for Subsidiary Units. Accordingly, all applicable references in the Warrant Agreement to the defined terms “Subsidiary,”, “Subsidiary Unit” and “Target
Company” shall be deleted (including the definitions thereof), and the defined term “Warrant Units” shall solely refer to “Series A Units.” 

 
 (b) Exercisable of a “Net
Exercise” Basis. Each of the Warrants shall hereafter be exercisable by you at any time and from time to time at your option by paying to PBF Energy the applicable Exercise Amount by the following methods: (i) personal check or wire
transfer of immediately available funds to the account of the Company, (ii) on a “net exercise” basis, by instructing PBF Energy to withhold from delivery to you that number of Warrant Units as to which the Warrant is being exercised
having an aggregate Fair Market Value on the date of such exercise equal to such Exercise Amount and all applicable withholding taxes, or (iii) any combination of the foregoing. In the event of any withholding of Warrant Units where the number
of Warrant Units whose value is equal to the Exercise Amount is not a whole number, the number of Warrant Units withheld by or surrendered to PBF Energy shall be rounded up to the nearest whole unit and PBF Energy shall pay to you, in cash, an
amount equal to the same fraction times the Fair Market Value of a Warrant Unit on the date of such exercise. 
  

(c) Governing Law; Dispute Resolution. Section 10(h) of each of the Warrant Agreements shall be deleted in its
entirety and replaced with “Intentionally Omitted”, and any disputes arising out of or relating to each of the Warrant Agreements shall be subject to, and determined by, the “Governing Law” and “Dispute Resolution”
provisions of Section 9.2 of the LLC Agreement. 

 (d) Tax Withholding. In order to satisfy any tax withholding
obligations under the Warrant Agreement, you agree that upon any exercise of the Warrants, PBF Energy shall have the right, at its option and upon notice to you, to withhold from delivery to you Warrant Units having an aggregate Fair Market Value
equal to the minimum amount of any taxes which PBF Energy or any subsidiary may be required to withhold with respect to such exercise. 
  

Section 2. Effective Date. This Letter Agreement shall be effective solely upon the initial public offering of PBF Energy Inc.

  
 Section 3. Miscellaneous. Except as
specifically modified herein (or in any agreement executed after the date hereof), each of the Warrant Agreements shall continue in full force and effect in accordance with their terms. This Letter Agreement, the Warrant Agreements and the LLC
Agreement, including the documents and instruments referred to herein or therein, contain the entire agreement among the parties (or their subsidiaries) relating to the subject matter hereof, and supersede all prior agreements and understandings,
both written and oral, relative hereto or thereto, all of which not contained herein or therein are terminated. 
  

If the foregoing is acceptable to you, please sign and return a copy of this letter to the undersigned, which letter may be executed in
two or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same agreement. 
  

Very truly yours, 
  

Jeffrey Dill, 
 on behalf of PBF Energy Company LLC 
  
 AGREED TO AND ACCEPTED, 
 Effective as of the date first written above: 

 
  

 
 [Name]

  
  

  
 2 

 SCHEDULE A 

 
 Warrant and Purchase Agreement dated as of
[            ] providing for (a) [x] Purchasable Units, (b) Non-Compensatory Warrants to purchase [x] Series A Units, and (c) Compensatory Warrants to purchase [x]
Series A Units. 
  
 Warrant and Purchase Agreement dated as of
[            ] providing for (a) [x] Purchasable Units, (b) Non-Compensatory Warrants to purchase [x] Series A Units, and (c) Compensatory Warrants to purchase [x]
Series A Units. 
  
 Warrant and Purchase Agreement dated as of
[            ] providing for (a) [x] Purchasable Units, (b) Non-Compensatory Warrants to purchase [x] Series A Units, and (c) Compensatory Warrants to purchase [x]
Series A Units.

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