Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

SENIOR SECURED REVOLVING CREDIT AGREEMENT 

dated as of May 2, 2018 

among 
 PBF HOLDING
COMPANY LLC, 
 DELAWARE CITY REFINING COMPANY LLC, 

PAULSBORO REFINING COMPANY LLC, 

TOLEDO REFINING COMPANY LLC, 

CHALMETTE REFINING, L.L.C., and 

TORRANCE REFINING COMPANY LLC 

as Borrowers, 
 and

 THE OTHER LOAN PARTIES PARTY HERETO, 

as Loan Parties, 
 THE
LENDERS PARTY HERETO, 
 BANK OF AMERICA, N.A., 

as Administrative Agent, Collateral Agent, and as Swingline Lender, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

ABN AMRO CAPITAL USA LLC, 

BNP PARIBAS, 
 CITIBANK,
N.A., 
 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

MUFG BANK, LTD., 

NATIXIS, NEW YORK BRANCH, 

ROYAL BANK OF CANADA, and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents, 

and 
 BARCLAYS BANK PLC,

 SOCIETE GENERALE, 

SUNTRUST BANK, 
 REGIONS
BANK, and 
 SUMITOMO MITSUI BANKING CORPORATION, 

as a Co-Documentation Agents 

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

 Table of Contents 
  

							
	 	 	 	  	Page	 
	 Article I DEFINITIONS
	  	 	1	 
	 Section 1.01
	 	Defined Terms	  	 	1	 
	 Section 1.02
	 	Classification of Loans and Borrowings	  	 	47	 
	 Section 1.03
	 	Terms Generally	  	 	47	 
	 Section 1.04
	 	Accounting Terms; GAAP	  	 	47	 
	 Section 1.05
	 	Resolution of Drafting Ambiguities	  	 	48	 
	 Section 1.06
	 	Pro Forma Calculations	  	 	48	 
	 Article II THE CREDITS
	  	 	49	 
	 Section 2.01
	 	Commitments	  	 	49	 
	 Section 2.02
	 	Loans	  	 	49	 
	 Section 2.03
	 	Borrowing Procedure	  	 	51	 
	 Section 2.04
	 	Evidence of Debt; Repayment of Loans	  	 	52	 
	 Section 2.05
	 	Fees	  	 	53	 
	 Section 2.06
	 	Interest on Loans	  	 	54	 
	 Section 2.07
	 	Termination and Reduction of Commitments	  	 	54	 
	 Section 2.08
	 	Interest Elections	  	 	55	 
	 Section 2.09
	 	[Intentionally Omitted]	  	 	56	 
	 Section 2.10
	 	Optional and Mandatory Prepayments of Loans	  	 	56	 
	 Section 2.11
	 	Alternate Rate of Interest	  	 	58	 
	 Section 2.12
	 	Yield Protection	  	 	60	 
	 Section 2.13
	 	Breakage Payments	  	 	61	 
	 Section 2.14
	 	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	  	 	62	 
	 Section 2.15
	 	Taxes	  	 	64	 
	 Section 2.16
	 	Mitigation Obligations; Replacement of Lenders	  	 	67	 
	 Section 2.17
	 	Swingline Loans	  	 	68	 
	 Section 2.18
	 	Letters of Credit	  	 	69	 
	 Section 2.19
	 	Defaulting Lenders	  	 	76	 
	 Section 2.20
	 	Increase in Commitments	  	 	78	 
	 Section 2.21
	 	Determination of Borrowing Base	  	 	82	 
	 Section 2.22
	 	Accounts; Cash Management	  	 	87	 
	 Article III REPRESENTATIONS AND WARRANTIES
	  	 	88	 
	 Section 3.01
	 	Organization; Powers	  	 	88	 
	 Section 3.02
	 	Authorization; Enforceability	  	 	88	 
	 Section 3.03
	 	No Conflicts	  	 	89	 
	 Section 3.04
	 	Financial Statements; Projections	  	 	89	 
	 Section 3.05
	 	Properties	  	 	89	 
	 Section 3.06
	 	[Reserved]	  	 	90	 
	 Section 3.07
	 	Equity Interests	  	 	90	 
	 Section 3.08
	 	Litigation; Compliance with Laws	  	 	90	 
	 Section 3.09
	 	[Reserved]	  	 	90	 
	 Section 3.10
	 	Federal Reserve Regulations	  	 	90	 
	 Section 3.11
	 	Investment Company Act	  	 	91	 
	 Section 3.12
	 	Use of Proceeds	  	 	91	 
	 Section 3.13
	 	Taxes	  	 	91	 
	 Section 3.14
	 	No Material Misstatements	  	 	91	 
	 Section 3.15
	 	Labor Matters	  	 	92	 
	 Section 3.16
	 	Solvency	  	 	92	 
	 Section 3.17
	 	Employee Benefit Plans	  	 	92	 

  
 i 

 Table of Contents 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 3.18
	 	Environmental Matters	  	 	93	 
	 Section 3.19
	 	Insurance	  	 	94	 
	 Section 3.20
	 	Security Documents	  	 	94	 
	 Section 3.21
	 	Anti-Terrorism Laws	  	 	95	 
	 Section 3.22
	 	Location of Material Inventory	  	 	96	 
	 Section 3.23
	 	Accuracy of Borrowing Base	  	 	96	 
	 Article IV CONDITIONS TO CREDIT EXTENSIONS
	  	 	96	 
	 Section 4.01
	 	Conditions to Effectiveness and Initial Credit Extension	  	 	96	 
	 Section 4.02
	 	Conditions to All Credit Extensions	  	 	97	 
	 Section 4.03
	 	Conditions to Initial Credit Extension to an Eligible Subsidiary	  	 	98	 
	 Article V AFFIRMATIVE COVENANTS
	  	 	99	 
	 Section 5.01
	 	Financial Statements, Reports, etc.	  	 	99	 
	 Section 5.02
	 	Litigation and Other Notices	  	 	102	 
	 Section 5.03
	 	Existence; Businesses and Properties	  	 	102	 
	 Section 5.04
	 	Insurance	  	 	103	 
	 Section 5.05
	 	Obligations and Taxes	  	 	104	 
	 Section 5.06
	 	Employee Benefits	  	 	104	 
	 Section 5.07
	 	Maintaining Records; Access to Properties and Inspections; Annual Meetings	  	 	105	 
	 Section 5.08
	 	Use of Proceeds	  	 	105	 
	 Section 5.09
	 	Compliance with Environmental Laws; Environmental Reports	  	 	106	 
	 Section 5.10
	 	Additional Collateral; Additional Guarantors	  	 	106	 
	 Section 5.11
	 	Security Interests; Further Assurances	  	 	107	 
	 Section 5.12
	 	Information Regarding Collateral	  	 	107	 
	 Section 5.13
	 	[Reserved]	  	 	108	 
	 Section 5.14
	 	Affirmative Covenants with Respect to Leases	  	 	108	 
	 Section 5.15
	 	Borrowing Base-Related Reports	  	 	108	 
	 Section 5.16
	 	Collateral Field Examinations	  	 	109	 
	 Section 5.17
	 	[Reserved]	  	 	109	 
	 Section 5.18
	 	Designation of Borrowers and Excluded Subsidiaries	  	 	109	 
	 Article VI NEGATIVE COVENANTS
	  	 	110	 
	 Section 6.01
	 	Indebtedness	  	 	110	 
	 Section 6.02
	 	Liens	  	 	114	 
	 Section 6.03
	 	Sale and Leaseback Transactions	  	 	118	 
	 Section 6.04
	 	Investment, Loan, Advances and Acquisition	  	 	118	 
	 Section 6.05
	 	Mergers and Consolidations	  	 	120	 
	 Section 6.06
	 	Asset Sales	  	 	121	 
	 Section 6.07
	 	Dividends	  	 	123	 
	 Section 6.08
	 	Transactions with Affiliates	  	 	124	 
	 Section 6.09
	 	Financial Covenant	  	 	126	 
	 Section 6.10
	 	Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc.	  	 	126	 
	 Section 6.11
	 	Limitation on Certain Restrictions on Subsidiary Guarantors	  	 	127	 
	 Section 6.12
	 	Business	  	 	128	 
	 Section 6.13
	 	Fiscal Year	  	 	128	 
	 Section 6.14
	 	Compliance with Anti-Terrorism Laws	  	 	128	 
	 Article VII GUARANTEE
	  	 	128	 
	 Section 7.01
	 	The Guarantee	  	 	128	 

  
 ii 

 Table of Contents 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 7.02
	 	Obligations Unconditional	  	 	129	 
	 Section 7.03
	 	Reinstatement	  	 	130	 
	 Section 7.04
	 	Subrogation; Subordination	  	 	130	 
	 Section 7.05
	 	Remedies	  	 	130	 
	 Section 7.06
	 	Instrument for the Payment of Money	  	 	131	 
	 Section 7.07
	 	Continuing Guarantee	  	 	131	 
	 Section 7.08
	 	General Limitation on Guarantee Obligations	  	 	131	 
	 Section 7.09
	 	Release of Loan Parties	  	 	131	 
	 Section 7.10
	 	Right of Contribution	  	 	131	 
	 Article VIII EVENTS OF DEFAULT
	  	 	132	 
	 Section 8.01
	 	Events of Default	  	 	132	 
	 Section 8.02
	 	Application of Proceeds	  	 	134	 
	 Article IX THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENTS
	  	 	135	 
	 Section 9.01
	 	Appointment and Authority	  	 	135	 
	 Section 9.02
	 	Rights as a Lender	  	 	136	 
	 Section 9.03
	 	Exculpatory Provisions	  	 	136	 
	 Section 9.04
	 	Reliance by Agent	  	 	137	 
	 Section 9.05
	 	Delegation of Duties	  	 	137	 
	 Section 9.06
	 	Resignation of Agent	  	 	137	 
	 Section 9.07
	 	Non-Reliance on Agent and Other Lenders	  	 	138	 
	 Section 9.08
	 	Withholding Tax	  	 	139	 
	 Section 9.09
	 	No Other Duties, etc.	  	 	139	 
	 Section 9.10
	 	Enforcement	  	 	139	 
	 Article X MISCELLANEOUS
	  	 	140	 
	 Section 10.01
	 	Notices	  	 	140	 
	 Section 10.02
	 	Waivers; Amendment	  	 	143	 
	 Section 10.03
	 	Expenses; Indemnity; Damage Waiver	  	 	146	 
	 Section 10.04
	 	Successors and Assigns	  	 	148	 
	 Section 10.05
	 	Survival of Agreement	  	 	152	 
	 Section 10.06
	 	Counterparts; Integration; Effectiveness	  	 	152	 
	 Section 10.07
	 	Severability	  	 	152	 
	 Section 10.08
	 	Right of Setoff	  	 	152	 
	 Section 10.09
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	153	 
	 Section 10.10
	 	Waiver of Jury Trial	  	 	153	 
	 Section 10.11
	 	Headings	  	 	154	 
	 Section 10.12
	 	Treatment of Certain Information; Confidentiality	  	 	154	 
	 Section 10.13
	 	USA PATRIOT Act Notice and Customer Verification	  	 	154	 
	 Section 10.14
	 	Interest Rate Limitation	  	 	155	 
	 Section 10.15
	 	Acknowledgment and Consent to Bail-In of EEA Financial Institutions	  	 	155	 
	 Section 10.16
	 	Obligations Absolute	  	 	155	 
	 Section 10.17
	 	Intercreditor Agreements	  	 	156	 
	 Section 10.18
	 	Release of Collateral	  	 	156	 
	 Section 10.19
	 	Permitted Amendments	  	 	156	 

  
 iii 

			
	ANNEXES	  	
	Annex I	  	Applicable Margin
	Annex II	  	Account Debtors
	Annex III	  	Hydrocarbon Inventory Insurance
	Annex IV	  	Revolving Commitments
		
	SCHEDULES	  	
	Schedule 1.01(a)	  	[Reserved]
	Schedule 1.01(b)	  	Intercreditor Agreements
	Schedule 1.01(c)	  	MLP Drop Down and Railcar Assets
	Schedule 1.01(d)	  	Subsidiary Guarantors
	Schedule 1.01(e)	  	Existing Letters of Credit
	Schedule 2.22	  	Blocked Accounts
	Schedule 3.03	  	Governmental Approvals; Compliance with Laws
	Schedule 3.08	  	Litigation
	Schedule 3.18	  	Environmental Matters
	Schedule 3.19	  	Insurance
	Schedule 3.22	  	Material Inventory
	Schedule 5.01	  	Internet or Website Address
	Schedule 6.01(b)	  	Existing Indebtedness
	Schedule 6.01(e)	  	Existing Railcar Financings
	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	  	[Reserved]
	Exhibit J	  	[Reserved]
	Exhibit K-1	  	Form of Revolving Note
	Exhibit K-2	  	Form of Swingline Note
	Exhibit L-1	  	Form of Perfection Certificate
	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

  

  
 iv 

 SENIOR SECURED REVOLVING CREDIT AGREEMENT 

This SENIOR SECURED REVOLVING CREDIT AGREEMENT (this “Agreement”) dated as of May 2, 2018, 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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance
Refining Company LLC, a Delaware limited liability company (“Torrance” and, together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in
such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce,
Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and
Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the
“Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the
Co-Documentation Agents (in such capacity, the “Co-Documentation Agents”). 

WITNESSETH: 
 WHEREAS,
Holdings, Delaware City, Paulsboro, Toledo, Chalmette and Torrance, as Borrowers, are parties to that certain Third Amended and Restated Revolving Credit Agreement, dated as of August 15, 2014 (as amended, supplemented or otherwise modified to
date, the “Existing Revolving Credit Agreement”). 
 WHEREAS, the Borrowers wish to repay in full and terminate the
Existing Revolving Credit Agreement. 
 WHEREAS, Borrowers have requested that Lenders provide a credit facility to Borrowers to repay in
full all outstanding obligations under the Existing Revolving Credit Agreement and to finance their mutual and collective business enterprise. 

NOW, THEREFORE, the Lenders are willing to provide such credit facility to Borrowers and the Issuing Banks are 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: 

“2023 Senior Notes” shall mean those certain 7% 2023 Senior Notes issued on November 24, 2015 by Holdings and PBF
Finance in an aggregate principal amount of $500,000,000. 

  
 1 

 “2025 Senior Notes” shall mean those certain 7.25 % 2025 Senior Notes
issued on May 30, 2017 by Holdings and PBF Finance in an aggregate principal amount of $725,000,000. 
 “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. 

“Accounts Availability” shall have the meaning set forth in the definition of “Borrowing Base”. 

“Acquired EBITDA” shall mean, with respect to any Acquired Entity or Business or any Converted Subsidiary for any period, the
amount for such period of Consolidated EBITDA of such Acquired Entity or Business or Converted Subsidiary, as applicable, all as determined on a consolidated basis for such Acquired Entity or Business or Converted Subsidiary, as applicable. 

“Acquired Entity or Business” has the meaning specified in the definition of the term “Consolidated EBITDA.” 

“Acquisition Agreement” shall mean any purchase, merger, acquisition or other similar agreement for purposes of documenting a
Permitted Acquisition or other Investment or acquisition not prohibited by this Agreement. 
 “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. 

  
 2 

 “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. In no event shall any Agent or Lender be deemed to be an Affiliate of any Borrower or
any of its Subsidiaries. 
 “Agents” shall mean the Administrative Agent and the Collateral Agent; 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-Bribery Laws” shall mean the Foreign Corrupt Practices Act of 1977 (15 U.S.C. § 78dd-1, et seq.) and any other similar U.S. federal laws. 

“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 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, a per annum rate equal to (a) 0.375%, if the average daily Revolving Exposure for all Lenders was 20% or less of the Revolving Commitments of all Lenders during the preceding calendar quarter, or
(b) 0.25% if the average daily Revolving Exposure for all Lenders was more than 20% of the Revolving Commitments of all Lenders during the preceding calendar quarter. 

“Applicable Letter of Credit Fee” shall mean, for any day, with respect to the aggregate outstanding Letters of Credit, 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. 

  
 3 

 “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. 

“Asset Sale” shall mean, in each case to the extent in excess of $60,000,000 in respect of a transaction or a series of
related transactions: (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 Off-Take Agreements and/or the Oil Supply Agreements, dispositions of cash and cash equivalents (including Cash Equivalents but excluding payments made in cash or Cash
Equivalents 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 (x) Borrowers, (y) any Subsidiary Guarantor or (z) 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.” Notwithstanding the foregoing, “Asset Sale” shall not include the sale in the ordinary course of business of (i) Accounts of non-Investment Grade foreign Account Debtors that are not Eligible Accounts, (ii) Accounts of Investment Grade foreign Account Debtors that are not Eligible Accounts and that have payment terms in excess of 10
days, and (iii) Accounts of domestic Account Debtors that are not Eligible Accounts and which Account Debtors have been reasonably approved by, and upon prior written notice to, the Administrative Agent, in an aggregate amount for all such
sales in any twelve month period not to exceed $25,000,000; provided, that all sales of such Accounts under clauses (i), (ii) and (iii) shall be structured as non-recourse, true sales. Upon
Administrative Agent’s reasonable written request, from time to time, Administrative Borrower shall provide reporting in scope and detail reasonably acceptable to Administrative Agent regarding sales of Accounts under clauses (i), (ii) and
(iii) in the immediately preceding sentence. 
 “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). 
 “Bail-In Action” shall mean the
exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” shall mean, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 

  
 4 

 “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 4.03 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. 

“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% (the sum of clause (a) and clause (b) are referred to as the “Accounts Availability”),
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, plus 
 (e) the lesser of (1) 80% of the Eligible Positive Exchange Agreement
Balance and (2) $60,000,000; plus 
 (f) 100% of the value of Paid But Unexpired Standby Letters of Credit, minus 

(g) the sum of (i) any Reserves established from time to time by the Collateral Agent in accordance with the terms and
conditions of this Agreement, and (ii) Hedging Reserves. 

  
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 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 of such increase attributable solely to acquisitions of property,
plant and equipment in Permitted Acquisitions, and (iii) 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; 

  
 6 

 (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) or (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; 
 (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.; and 

(7) investment funds investing substantially all of their assets in securities and/or instruments of the types described in
clauses (1) through (6) above. 
 “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 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. For
the avoidance of doubt, to the extent an event, with the passage of time (alone or in conjunction with other events) would result in the right of Holdings and/or any of its Subsidiaries to receive business interruption insurance, such event will to
such extent not constitute a Casualty Event. 

  
 7 

 “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 J. Aron & Company LLC and other Persons designated by the Borrowers for purposes of this definition from time to time
and/or any of their respective Affiliates (or any permitted successor of the foregoing designated by the Borrowers for such purposes) (collectively, “Certain Hydrocarbon Asset Suppliers”), as applicable, in each instance, other than
to the extent owned by Toledo, Paulsboro, Delaware City, Chalmette, Torrance and/or any other Loan Party, 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 Hydrocarbon Asset
Suppliers” shall have the meaning assigned to such term in the definition of “Certain Hydrocarbon Assets”. 

“Chalmette Facility” shall mean Chalmette’s petroleum refinery and all related assets and properties located in
Chalmette, Louisiana. 
 A “Change in Control” shall be deemed to have occurred upon: 

(a) Holdings at any time ceases to own, directly or indirectly, 100% of the Equity Interests of Delaware City, Paulsboro,
Toledo, Chalmette and Torrance, other than pursuant to a sale expressly permitted pursuant to Section 6.06(a); 

(b) the consummation of the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of
the assets of Holdings and its Subsidiaries, taken as a whole, to any Person or Persons; 
 (c) the occurrence of both
(A) the consummation of any transaction (including any merger or consolidation) the result of which is that any “person” (as such term is used in Section 13(d)(3) of the Exchange Act) becomes the “beneficial owner”
(as such term is defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act), directly or indirectly through one or more intermediaries, of more than 50% of the voting
power of the outstanding Voting Stock of Holdings or any of its direct or indirect parent companies holding directly or indirectly 100% of the total voting power of the Voting Stock of Holdings 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; or 

  
 8 

 (d) the consummation of a change of control under any Material Indebtedness; 

provided, however, that a transaction in which Holdings becomes a Subsidiary of another Person (other than a Person that is an
individual) shall not constitute a Change in Control if the shareholders of Holdings immediately prior to such transaction become the “beneficial owner” (as such term is defined in Rule 13d-3 and
Rule 13d-5 under the Exchange Act), directly or indirectly through one or more intermediaries, of more than 50% of the voting power of the outstanding Voting Stock of Holdings or any of its direct or indirect
parent companies holding directly or indirectly 100% of the total voting power of the Voting Stock 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. 
 “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. 

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

“Co-Documentation Agents” shall have the meaning assigned to such term in the
preamble hereto. 
 “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. 
 “Collateral Agent” 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. 

  
 9 

 “Commercial Letter of Credit” shall mean any letter of credit, any deferred
payment letter of credit, any usance 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 hydrocarbon 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. 
 “Compliance Certificate” shall mean a certificate of a Financial Officer substantially in the form
of Exhibit D. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or
measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “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 (other than with
respect to clauses (p) or (n), which shall be added in any event) 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 

  
 10 

 (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 accruals, fees, charges and expenses (including rationalization, financing, legal, tax, structuring, advising and other
similar items) 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 Effective 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 
 (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 and costs related to the closure and/or
consolidation of facilities, plus 
 (i) (A) any extraordinary, exceptional,
non-recurring or unusual gains or losses, and (B) any losses and expenses in connection with 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 and deducted (and not added back) in such period in computing Consolidated Net Income, plus 

  
 11 

 (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,
plus 
 (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, plus 

(o) retention, recruiting, relocation and signing bonuses and expenses, stock option and other equity-based compensation
expenses, severance costs, stay bonuses, transaction fees and expenses and management fees and expenses, any one time expense relating to enhanced accounting function or other transaction costs, including those associated with becoming a public
company,, integration costs, transition costs, consolidation and closing costs for facilities, costs incurred in connection with any non-recurring strategic initiatives, costs incurred in connection with
acquisitions and non-recurring intellectual property development, other business optimization expenses (including costs and expenses relating to business optimization programs and new systems design and
implementation costs), project start-up costs and other restructuring charges, and accruals or reserves (including restructuring costs related to acquisitions and to closure/consolidation of facilities,
retention charges, and systems establishment costs), plus 
 (p) (i) the Consolidated EBITDA during the relevant Test
Period of any Person acquired as a result of a Specified Transaction determined on a Pro Forma Basis, and (ii) the amount of “run rate” and other cost savings, operating expense reductions, other operating improvements and synergies
projected by the Borrowers in good faith to be realized in connection with the Transactions or any Specified Transaction or the implementation of an operational initiative or operational change (calculated on a Pro Forma Basis as though such cost
savings, operating expense reductions, other operating improvements and synergies had been realized on the first day of such period and as if such cost savings, operating expense reductions, other operating improvements and synergies were realized
during the entirety of such period), net of the amount of actual benefits realized during such period from such actions; provided that (x) a duly completed certificate signed by a Responsible Officer of the Borrowers shall be delivered to the
Administrative Agent together with the Compliance Certificate required to be delivered pursuant to Section 5.01(d), certifying that (i) such cost savings, operating expense reductions, other operating improvements and
synergies are factually supportable and reasonably anticipated to be realizable in the good faith judgment of the Borrowers, within 24 months after the consummation of the Specified Transaction or the implementation of an initiative or operational
change, which is expected to result in such cost savings, expense reductions, other operating improvements or synergies and (y) no cost savings, operating expense reductions and synergies shall be added pursuant to this clause (p) to the
extent duplicative of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period; provided, that in no event shall amounts included in the calculation of Consolidated
EBITDA in reliance upon this clause (p)(ii) comprise more than 20% of Consolidated EBITDA, plus 

  
 12 

 (q) cash receipts (or any netting arrangements resulting in reduced cash
expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated EBITDA pursuant
to paragraph (y) below for any previous period and not added back, plus 
 (r) any
non-cash increase in expenses (A) resulting from the revaluation of inventory (including any impact of changes to inventory valuation policy methods including changes in capitalization of variances) or
other inventory adjustments, or (B) due to purchase accounting adjustments, plus 
 (s) the amount of payments by any of
the Borrowers or any of their Restricted Subsidiaries for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or
divestitures which payments are approved by a majority of the Board of Directors or a majority of the disinterested members of the Board of Directors of such Borrower or such Restricted Subsidiary in good faith and fees and expenses paid to
directors of any of the Borrowers or their direct or indirect parent entities, plus 
 (t) any net loss from disposed,
abandoned or discontinued operations or product lines, plus 
 (u) costs related to implementation of operational and
reporting systems and technology initiatives in an amount not to exceed $25,000,000 during any twelve month period, plus 

(v) the non-cash portion of straight line rent expense, plus 

(w) earn-out obligations with respect to any Permitted Acquisitions or other investment
and paid or accrued during the applicable period to the extent such earn-out obligations are deducted from the calculation of such Consolidated Net Income. 

(x) 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. 

There shall be included in determining Consolidated EBITDA for any period, without duplication of clause (p) above or any other clause
above, (A) the Acquired EBITDA of any Person, property, business or asset acquired by a Borrower or any Subsidiary (other than if acquired by an Excluded Subsidiary) during such period to the extent not subsequently sold, transferred or
otherwise disposed of by a Borrower or such Subsidiary during such period (each such Person, property, business or asset acquired and not subsequently so disposed of, an “Acquired Entity or Business”), and the Acquired EBITDA of any
Excluded Subsidiary that is converted into a Subsidiary Guarantor during such period (each a “Converted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or Converted Subsidiary for such period
(including the portion thereof occurring prior to such acquisition) and (B) an adjustment in respect of each Acquired Entity or Business equal to the amount of the Pro Forma Adjustment with respect to such Acquired Entity or Business for such
period (including the portion thereof occurring prior to such acquisition) as specified in a certificate prepared in good faith and executed by a Responsible Officer and delivered to the Administrative Agent. 

  
 13 

 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) 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 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; 
 (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, unused line fees, commitment fees, prepayment premiums,
upfront fees, administrative agency costs and other financing fees and expenses incurred by Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) for such period; 

  
 14 

 (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, Chalmette, Torrance 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 any Permitted Acquisitions and Asset Sales and other dispositions of assets (in each case, 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; 
 (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; 

  
 15 

 (c) the after-tax effect of any
extraordinary, exceptional, non-recurring or unusual gain (or loss) realized during such period by Holdings or any of its Subsidiaries upon any Asset Sale or other dispositions of assets 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 Effective 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. 

“Consolidated Tax Expense” shall mean, for any period, the tax expense (including taxes based on income, profits, capital
gains, property excise, franchise, capital, stamp, sales, value-added withholdings and similar federal, state, local or foreign taxes, and including penalties and interest thereon), of Holdings and its Subsidiaries, for such period, determined on a
consolidated basis in accordance with GAAP. 

  
 16 

 “Contested Collateral Lien Conditions” shall mean, with respect to any Permitted
Lien of the type described in clauses (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 $20,000,000, the appropriate Loan Party shall maintain cash reserves in an amount sufficient to pay and discharge such Lien and the Administrative Borrower’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
Agreement. 
 “Cost” shall mean, as determined by the Collateral Agent 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, 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. 

  
 17 

 “Co-Syndication Agents” shall have the
meaning assigned to such term in the preamble hereto. 
 “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 any
Issuing Bank. 
 “DCR Facility” shall mean Delaware City’s petroleum refinery and all related assets and properties
located in New Castle County, Delaware City, Delaware. 
 “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). 
 “Defaulting Lender” means any Lender whose act or
failure to act, whether directly or indirectly, causes it to meet any part of the definition of Lender Default. 
 “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 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). 

“Distressed Person” shall have the meaning assigned to such term in “Lender-Related Distress Event”. 

“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. 

  
 18 

 “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. 
 “EEA Financial Institution” shall mean (a) any credit institution or
investment firm established in an EEA Member Country that is subject to the supervision of an EEA Resolution Authority; (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) above;
or (c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in the foregoing clauses and is subject to consolidated supervision with its parent. 

“EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein and Norway. 

“EEA Resolution Authority” shall mean any public administrative authority or any Person entrusted with public administrative
authority of an EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“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 Section 10.06. 
 “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 Parent, Borrowers or any
of their respective Affiliates or Subsidiaries or any natural person. 
 “Eligible Positive Exchange Agreement Balance”
shall mean, at any date of determination, the amount of the positive balance, valued at a mark to market basis, of the hydrocarbon Inventory that a Borrower has a right to receive from (i) an operating company counterparty or trading partner,
(ii) a financial institution trading party counterparty or trading partner which is not a Lender or an Affiliate of a Lender or (iii) a financial institution trading party counterparty or trading partner which is a Lender or an Affiliate
of a Lender; provided, however, that, any such Lender or Affiliate of a Lender financial institution trading party shall have delivered to the Administrative Agent a written agreement, in form and substance reasonably acceptable to the
Administrative Agent, waiving any and all rights in respect of the Collateral or of offset under this Agreement with respect to any liabilities or obligations owing to such financial institution trading party in its capacity as such; in the case of
a trading party or counterparty under clauses (i), (ii) or (iii), under an Exchange Agreement or money owing to a Borrower in connection with such exchange of hydrocarbon Inventory under an Exchange Agreement, net of any discounts, allowances,
rebates, credits, offsets or counterclaims, including any amount billed for or representing retainage, if any, by any counterparty to an Exchange Agreement, and only to the extent such Borrower’s rights in such positive balance and in the
hydrocarbon Inventory to which such positive balance relates are subject to a valid, first priority (subject only to Permitted Liens that by operation of law have priority), perfected security interest in favor of the Administrative Agent as
security for the Secured Obligations; provided, that, the value of the Eligible Positive Exchange Agreement Balance shall be subject to Reserves as reasonably determined by the Collateral Agent in good faith pursuant to the terms and
conditions set forth in the definition of “Reserves”. 

  
 19 

 “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 is, or is owned or controlled by an entity 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”), is subject to sanctions by the U.S. State
Department, the United Nations or the European Union such that a U.S. Person cannot deal or otherwise engage in a business transaction with such Person, 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. 
 “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 (including remedial activities). 

“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 Agreement. 
 “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

  
 20 

 
(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 Effective Date, but excluding debt securities convertible or exchangeable into such equity. 

“Equity Issuance” shall mean, without duplication, (i) any issuance or sale by Holdings after the Effective Date of any
Equity Interests in Holdings (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 Holdings. 

“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. 
 “EU Bail-In Legislation Schedule” shall
mean the EU Bail-In Legislation Schedule published by the Loan Market Association, as in effect from time to time. 

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

“Eurodollar Loan” shall mean any Eurodollar Revolving Loan. 

  
 21 

 “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. 

“Exchange Agreement” shall mean an agreement under which a Borrower undertakes to deliver goods to an unaffiliated Person or
on behalf of an unaffiliated Person to a customer of such Person in exchange for such Person’s delivery of similar goods to such Borrower or a customer of such Borrower. 

“Excluded Account” means any Deposit Account, Securities Account or Commodities 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, tax accounts or accounts holding funds of third parties,
(ii) holding at all times less than $500,000 individually or $2,000,000 in the aggregate, together with all such other Deposit Accounts, Securities Accounts and Commodities Accounts excluded pursuant to this clause (ii), (iii) holding
assets subject to Liens permitted by Section 6.02(f), (o), (r), (u), (w), (y), or (jj), (iv) holding identifiable proceeds of (A) any Indebtedness permitted under
Section 6.01(e), (m), (t), (u), (v), (x), (aa), or (dd), and permitted to be secured under Section 6.02 or (B) any other funded secured
Indebtedness permitted under Section 6.01 and permitted to be secured under Section 6.02 hereof, or (v) which are segregated Deposit Accounts, Securities Accounts or Commodities Accounts and
contain only the proceeds of assets that do not constitute Revolving Credit Priority Collateral. 
 “Excluded Subsidiary”
shall mean each Domestic Subsidiary in existence on the Effective Date or formed or acquired after the Effective Date, in each case, 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, any 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 income or profits or 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 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, any 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 any Lender (including 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 Lender becomes a party hereto,
except to the extent that such Lender’s assignor, if 

  
 22 

 
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; (c) in the case of any Lender (including 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 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 Tax that is attributable to such recipient’s failure to comply with
Section 2.15(e); and (e) any Taxes imposed under FATCA. 
 “Excluded Swap Obligation” means,
with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any Guarantee
thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan
Party’s failure for any reason not to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Loan Party or the grant of such security
interest would otherwise have become effective with respect to such Swap Obligation but for such Loan Party’s failure to constitute an “eligible contract participant” at such time. 

“Existing Lien” shall have the meaning assigned to such term in Section 6.02(c). 

“ExxonMobil” means each of ExxonMobil Corporation or any of its Affiliates. 

“FATCA” shall mean Sections 1471 through 1474 of the Code (or any amended or successor version that is substantially
comparable thereto) and any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted
pursuant to any intergovernmental agreements, treaty or convention among Governmental Authorities that implement the foregoing. 

“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, 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 May 2, 2018, by and among the Administrative Agent 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. 

  
 23 

 “Financial Officer” of any person shall mean the chief financial officer,
principal accounting officer, treasurer or controller of such person. 
 “Financing Off-Take
Agreements” shall mean any Off-Take Agreements that finance (i.e., a financing transaction rather than a commercial trading transaction) the acquisition, replacement, production or improvement of
hydrocarbon products. “Financing Off-Take Agreements” does not include Off-Take Agreements that are not in the nature of a financing transaction (i.e.,
excludes Off-Take Agreements that are in the nature of a commercial trading transaction). 

“Financing Oil Supply Agreements” shall mean any Oil Supply Agreements that finance (i.e., a financing transaction rather
than a commercial trading transaction) the acquisition, replacement, production or improvement of hydrocarbons. “Financing Oil Supply Agreements” does not include Oil Supply Agreements that are not in the nature of a financing transaction
(i.e., excludes Oil Supply Agreements that are in the nature of a commercial trading transaction). 
 “FIRREA” shall mean
the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended. 
 “Foreign Lender” shall mean any Lender that is not, for U.S. 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. 

“Form 8-K” shall have the meaning assigned to such term in
Section 5.02(a). 
 “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. 

  
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 “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. 

“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 Collateral Agent, 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
$35,000,000. 
 “High Risk Area” shall mean (i) the Persian Gulf, and (ii) areas which are war zones or subject
to material terrorism, piracy or other similar risks as reasonably determined by the Administrative Agent in consultation with the Borrowers from time to time. 

  
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 “High Yield Indebtedness” shall mean collectively, (i) the Indebtedness
incurred pursuant to that certain Indenture, dated as of November 24, 2015 by and among Holdings, PBF Finance, the guarantors listed on the signature pages thereto, Wilmington Trust, National Association, as Trustee and Deutsche Bank Trust
Company as paying agent, registrar, transfer agent, authenticating agent and collateral agent, under which the 2023 Senior Notes were issued, as amended, restated, supplemented, reaffirmed or otherwise modified or refinanced from time to time,
(ii) the Indebtedness incurred pursuant to that certain Indenture, dated as of May 30, 2017 by and among Holdings, PBF Finance, the guarantors listed on the signature pages thereto, Wilmington Trust, National Association, as Trustee, and
Deutsche Bank Trust Company as paying agent, registrar, transfer agent, authenticating agent and collateral agent, under which the 2025 Senior Notes were issued, as amended, restated, supplemented, reaffirmed or otherwise modified or refinanced from
time to time, (iii) senior unsecured loans, senior unsecured notes or other similar high yield indebtedness and/or other unsecured Indebtedness, and (iv) solely to the extent amending, extending, replacing and/or refinancing the
Indebtedness under clauses (i) or (ii) of this definition, senior secured notes, that (I) if secured by the Revolving Credit Priority Collateral, are subordinated in right of priority only with respect to the Revolving Credit Priority
Collateral pursuant to an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent, or, (II) in the case of secured notes which do not have any Liens on any of the Revolving Credit Priority Collateral ,
either (A) such secured notes, in respect of any Real Property where Revolving Credit Priority Collateral is located with a value in excess of $15,000,000 are subject to a collateral access agreement in form and substance reasonably
satisfactory to the Administrative Agent and the Collateral Agent (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
Collateral Agent, if so reasonably elected by it, shall have established Reserves in connection with the issuance of such secured notes; provided, that any Indebtedness incurred pursuant to this clause (iv) which is secured shall have a
maturity date of not less than 180 days after the Revolving Maturity Date. 
 “Holdings” shall have the meaning assigned to
such term in the preamble hereto. 
 “Immaterial Subsidiary” shall mean, at any time, any Subsidiary that is designated by
the Borrowers as an “Immaterial Subsidiary” if and for so long as such Subsidiary, together with all other Immaterial Subsidiaries, has (a) total assets at such time not exceeding 5.00% of Total Assets as of the most recent fiscal
quarter for which balance sheet information is available and (b) total revenues and operating income for the most recent 12-month period for which income statement information is available not exceeding
5.00% of Holdings’ consolidated revenues and operating income, respectively; provided that such Subsidiary shall be an Immaterial Subsidiary only to the extent that and for so long as all of the above requirements are satisfied.

 “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 Facility Amount” shall have the meaning assigned to such term in Section 2.20(a). 

“Incremental Revolving Commitments” shall have the meaning assigned to such term in
Section 2.20(a). 
 “Incremental Revolving Loan” shall have the meaning assigned to such term in
Section 2.20(c). 

  
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 “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 unless subject to an ongoing dispute being contested in good faith); (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. For the avoidance of doubt, Indebtedness shall not in any event include transactions classified as operating leases in accordance with GAAP as in effect on the
date hereof, regardless of any subsequent change in GAAP. 
 “Indemnified Taxes” shall mean all Taxes other than Excluded
Taxes imposed on or with respect to any payment made by or on account of any obligation of the Borrowers under any Loan Document. 

“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. 

“Initial Revolving Loans” shall have the meaning assigned to such term in the definition of “Revolving
Commitments”. 
 “Intellectual Property” shall mean trademarks, trade names, service marks, copyrights, technology,
trade secrets, know-how and processes. 
 “Intercompany Note” shall mean a
promissory note substantially in the form of Exhibit P. 
 “Intercreditor Agreements” shall mean
the agreements listed on Schedule 1.01(b) and any other agreement either (i) reasonably requested by the Administrative Agent under the terms and conditions of this Agreement or (ii) reasonably designated by the
Administrative Borrower and the Administrative Agent as an “Intercreditor Agreement” in each instance from time to time. 

“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 first Business Day
of each April, July, October and January 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. 

  
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 “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 hydrocarbon 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. 

“Investment Grade” shall mean, with respect to any Person (including Account Debtors), Persons having (or the relevant
obligation of which Persons are guaranteed by other Persons having) ratings of Baa3 or higher from Moody’s Investors Service Inc. or BBB- 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 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. To the extent the giving of a Guarantee or other credit support or similar liability results in an Investment, the value of such Investment outstanding at any time of
determination will be reduced upon the expiration, reduction, termination or cancellation of such Guarantee, credit support or liability in an amount equal to the Guarantee, credit support or liability expired, reduced, terminated or cancelled.
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 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. 

  
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 “Issuing Bank” shall mean, as the context may require, (a) Bank of America,
N.A., BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada (solely with respect to Standby Letters of Credit), Wells Fargo
Bank, National Association, Societe General and Citizens Bank, N.A. (including, in each case, any respective Lending Office thereof), and each Lender or Affiliate of a Lender that has agreed with the Borrowers and the Administrative Agent to be an
Issuing Bank hereunder, in its capacity as an 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(j) and (k) in
its capacity as issuer of Letters of Credit issued by such Lender, and/or (c) collectively, all of the foregoing. For the avoidance of doubt, there may be one or more Issuing Banks and each Issuing Bank shall be an “Issuing Bank”
hereunder from the date such Person becomes an Issuing Bank through the Maturity Date (unless otherwise consented to by the Borrowers in writing). 

“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.

 “Latest Maturity Date” shall mean, as of any date of determination, the latest maturity or expiration date applicable to
any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Incremental Revolving Loan, Incremental Revolving Commitment, Refinancing Revolving Loan or Refinancing Loan Commitment. 

“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 be $2,375,000,000 plus the amount of any additional LC Commitments agreed to by the Borrowers and any
existing or future Issuing Banks from time to time, 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 the
amount agreed to by such Issuing Bank with the Borrowers and the Administrative Agent, except as provided in Section 2.18(a).The LC Commitment of each Issuing Bank on the Effective Date shall be the amount set forth on
Annex IV hereto. 
 “LC Disbursement” shall mean a payment or disbursement made by an 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. 
 “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. 

  
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 “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 Default” shall mean (i) the refusal or failure of any Lender to make available its portion of any incurrence of
Revolving Loans, which refusal or failure is not cured within two Business Days after the date of such refusal or failure unless such Lender notifies the Administrative Agent and the Borrowers in writing that such failure is the result of such
Lender’s determination in good faith that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing); (ii) the failure of any
Lender to pay over to the Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder (including the funding of any participation in any Letter of Credit) within two Business Days of the date when
due; (iii) the notification by a Lender to the Borrowers or the Administrative Agent that such Lender does not intend or expect to comply with any of its funding obligations hereunder or a public statement by a Lender to that effect with
respect to such Lender’s funding obligations hereunder; (iv) the failure by a Lender to confirm in a manner reasonably satisfactory to the Administrative Agent that such Lender will comply with such Lender’s obligations hereunder; or
(v) the admission in writing by a Distressed Person that it is insolvent or such Distressed Person becoming subject to a Lender-Related Distress Event or a Bail-In Action. 

“Lender-Related Distress Event” shall mean, with respect to any Lender, that such Lender or any Person that directly or
indirectly controls such Lender (each, a “Distressed Person”), as the case may be, other than via Undisclosed Administration, is or becomes subject to a voluntary or involuntary case with respect to such Distressed Person under any
debt relief law, or a custodian, conservator, receiver, or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person, or any Person that directly or indirectly
controls such Distressed Person is subject to a forced liquidation or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory
authority over such Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any
Lender or any Person that directly or indirectly controls such Lender by a Governmental Authority or an instrumentality thereof. 

“Lenders” shall mean (a) the financial institutions that have become a party hereto upon execution of this Agreement on
the Effective Date and (b) any financial institution that has become a party hereto pursuant to an Increase Joinder or 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 on behalf of itself or any of its Subsidiaries pursuant to Section 2.18. The Letters of Credit set forth on Schedule 1.01(e) outstanding on the
Effective Date shall be deemed to have been issued by the respective Issuing Bank set forth on such Schedule pursuant to this Agreement and to constitute “Letters of Credit” for all purposes hereunder. 

“Letter of Credit Expiration Date” shall mean the date which is five (5) Business Days prior to the Revolving
Maturity Date. 

  
 30 

 “LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any
Interest Period, the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the commencement of such Interest Period by reference to the rate per annum equal to
the offered rate that appears on the Reuters Screen LIBOR01 (or any successor thereto) as set by the ICE Benchmark Administration for deposits in Dollars (for delivery on the first day of such Interest Period); provided that, to the
extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “LIBOR Rate” shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per
annum at which Dollar deposits are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days
prior to the beginning of such Interest Period. In no event shall the LIBOR Rate be less than zero. 
 “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, in each case, effective to provide priority or preference over unsecured creditors 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), 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. 

  
 31 

 “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 Collateral Agent 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, Letters of Credit) or Hedging Obligations of
Holdings or any of its Subsidiaries (other than Excluded Subsidiaries) in an aggregate outstanding principal amount exceeding $100,000,000. 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. 
 “Mexican Entity” shall have the meaning assigned to such term in
Section 6.01(ff). 
 “MLP Drop Down and Railcar Assets” means (i) the assets of Holdings,
the Borrowers and/or their Subsidiaries identified on Schedule 1.01(c) and (ii) the additional assets (whether real or personal, tangible or intangible or otherwise) relating to gathering, transporting and storing crude oil
and to distributing, transporting and storing refined products of Holdings, the Borrowers and/or their Subsidiaries identified by the Administrative Borrower from time to time in writing to the Administrative Agent as “MLP Drop Down and Railcar
Assets”. 
 “MNPI” shall have the meaning assigned to such term in Section 10.01(d). 

“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))

  
 32 

 
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 270 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 270 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. 

“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.” 

  
 33 

 “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. 

“Off-Take Agreements” shall mean (i) any
off-take agreement with respect to hydrocarbon inventory or products and (ii) other similar hydrocarbon inventory or products agreements or arrangements. 

“Oil Supply Agreements” shall mean any agreement entered into to provide for the supply of oil or other similar hydrocarbons.

 “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
Connection Taxes” means, with respect to the Administrative Agent, any Lender, or any Issuing Bank, Taxes imposed as a result of a present or former connection between such Administrative Agent, Lender, or Issuing Bank and the jurisdiction
imposing such Tax (other than connections arising from such Administrative Agent, Lender, or Issuing Bank having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security
interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“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) except any such Taxes that are Other Connection Taxes imposed with respect to an assignment or a participation (other than an assignee pursuant to a request by Administrative Borrower under
Section 2.16). 
 “Overadvance” shall have the meaning assigned to such term in
Section 2.02(f). 
 “Paid But Unexpired Standby Letters of Credit” shall mean during a Post
Supplier Payment Period, the undrawn amount under an outstanding Standby Letter of Credit issued to support the purchase of hydrocarbon Inventory of a Borrower as of such date of determination where the supplier of such hydrocarbon Inventory in
connection with which such Standby Letter of Credit was specifically issued has been paid in full and therefore is not entitled to draw on such Standby Letter of Credit, in whole or in part. 

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

“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). 

  
 34 

 “Paulsboro Facility” shall mean Paulsboro’s petroleum refinery and all
related assets and properties located in Paulsboro, New Jersey. 
 “PBF Finance” shall mean PBF Finance Corporation, a
Delaware corporation. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 

“Perfection Certificates” shall mean that certain Perfection Certificate delivered by the Borrowers to the Administrative
Agent on the Effective Date, substantially in the form of Exhibit L-1 or any other form approved by the Administrative Agent, 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. 

“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 Specified Event of Default then exists or
would result therefrom (and at the time of signing of the relevant Acquisition Agreement no Event of Default then exists or would result therefrom); 

(ii) after giving effect to such transaction (or, at the option of the Administrative Borrower, at the time of signing of the
relevant Acquisition Agreement), Pro Forma Excess Availability is greater than the Threshold Amount; provided, however, that, in the event that the Administrative Borrower elects to have Pro Forma Excess Availability tested at the time
of signing of the relevant Acquisition Agreement, such Permitted Acquisition must close within 180 days of such signing or, in the event that such Permitted Acquisition closes more than 180 days after such signing, Pro Forma Excess Availability
shall also be required to be greater than the Threshold Amount at the time of closing (which such 180 day period may, at the option of the Administrative Borrower, continue for one additional and successive period of 90 days, subject, to the extent
applicable, to clause (B) of the second proviso below); provided, further, that, (x) in the event the Administrative Borrower elects to have Pro Forma Excess Availability tested at the time of signing of the relevant
Acquisition Agreement and notifies the Administrative Agent at such time that it intends to make a Revolving Borrowing (other than a Revolving Borrowing made on account of Incremental Revolving Commitments relating to Permitted Acquisitions) to fund
such Permitted Acquisition, the Administrative Agent shall record a Reserve against the lesser of the Borrowing Base and the aggregate Revolving Commitments (other than Incremental Revolving Commitments relating to such Permitted Acquisition) in the
amount of such requested Borrowing until such time as such requested Borrowing is made to fund such Permitted Acquisition or the Administrative Borrower notifies the Administrative Agent that the Permitted Acquisition transaction has terminated;
provided, that (A) such requested Borrowing shall not be subject, to the extent of such Reserve, to any condition to funding other than compliance with Section 4.02(d) hereof and that no Event of Default shall
have occurred and be continuing at the time of funding, and (B) if such Permitted Acquisition has not been closed or terminated within 

  
 35 

 
180 days of such signing, then at Borrowers’ election, (1) any obligations of the Lenders to fund such Permitted Acquisition pursuant to the terms and conditions of this subclause
(ii) and the recorded Reserve shall be terminated or (2) the recorded Reserve and the Lenders’ obligations to fund such Permitted Acquisition pursuant to the terms and conditions of this subclause (ii) shall continue for one
additional and successive period of 90 days from the date such election in this subclause (B) is made by the Administrative Borrower but, in no event, beyond such additional period and (y) in the event that the Administrative Borrower
elects to have Pro Forma Excess Availability tested at the time of signing of the relevant Acquisition Agreement for purposes of determining whether it is a Permitted Acquisition and does not notify the Administrative Agent at such time of any
intention to make a Revolving Borrowing (other than a Revolving Borrowing made on account of Incremental Revolving Commitments relating to Permitted Acquisitions) to fund such Permitted Acquisition and the Administrative Borrower determines to make
a Revolving Borrowing (other than a Revolving Borrowing made on account of Incremental Revolving Commitments relating to Permitted Acquisitions) to fund such Permitted Acquisition at the time of closing, Pro Forma Excess Availability solely for
purposes of such Revolving Borrowing shall instead be tested as of the closing date of such Permitted Acquisition for purposes of determining whether 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) to the extent required by Section 5.10 hereof 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 and only to the extent the Administrative Borrower has not made an election under
Section 5.18(b)); 
 (v) the Board of Directors of the person to be acquired shall not have
indicated publicly its opposition to the consummation of such acquisition (unless such opposition has been publicly withdrawn); 

(vi) all transactions in connection therewith shall be consummated without violation of any material applicable Requirements of
Law, except, in each case, as would not constitute a breach or violation of the terms and conditions of the underlying Acquisition Agreement as in effect from time to time; 

(vii) [Reserved]; 

(viii) No later than upon 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 

  
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 (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. 

“Permitted Liens” shall have the meaning assigned to such term in Section 6.02. 

“Permitted Refinancing Indebtedness” means any Indebtedness of any Loan Party issued in exchange for, or the net proceeds of
which are used to refund, refinance, replace, defease or discharge, other Indebtedness of such Person (other than intercompany Indebtedness); provided that (a) the principal amount (or accreted value, if applicable) of such Permitted
Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued interest on such Indebtedness and the amount of all
expenses and premiums, underwriting, issuance, commitment, syndication and other similar fees, costs and expenses incurred in connection therewith); (b) such Permitted Refinancing Indebtedness has a weighted average life to maturity equal to or
greater than the weighted average life to maturity of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; (c) if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is
subordinated in right of payment to the Obligations, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the
Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; (d)(i) if the stated maturity of the Indebtedness being refinanced is earlier than the Latest Maturity Date, the Permitted Refinancing Indebtedness has a stated
maturity no earlier than the stated maturity of the Indebtedness being refinanced or (ii) if the stated maturity of the Indebtedness being refinanced is on or later than the Latest Maturity Date, the Permitted Refinancing Indebtedness has a
stated maturity at least 91 days later than the Latest Maturity Date; and (e) (i) if such Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is secured, the terms of the security documents of such Permitted
Refinancing Indebtedness shall be (taken as a whole) no more favorable to the secured parties in respect of such Permitted Refinancing Indebtedness than the terms of the security documents of such Indebtedness being extended, refinanced, renewed,
replaced, defeased or refunded; or (ii) if such Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is unsecured, the obligations in respect of such Permitted Refinancing Debt shall be unsecured. 

“Permitted Tax Distributions” shall mean payments, dividends or distributions by Borrowers, Subsidiary Guarantors and their
respective Subsidiaries in order for any of their owners (direct or indirect) or any Loan Party 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 are attributable to them based upon the income of Holdings and its Subsidiaries, reduced by any such income taxes paid or to be paid directly by Holdings or its Subsidiaries. 

“person” and “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). 

  
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 “Post-Acquisition Period” means, with respect to any Permitted Acquisition or
the conversion of any Excluded Subsidiary into a Subsidiary Guarantor, the period beginning on the date such Permitted Acquisition or conversion is consummated and ending on the last day of the fourth full consecutive fiscal quarter immediately
following the date on which such Permitted Acquisition or conversion is consummated. 
 “Post Supplier Payment Period”
shall mean the period commencing on the date on which a Borrower shall have paid in full all amounts owed for the purchase of hydrocarbon Inventory (the “Full Payment Date”) the payment for which was supported by a Standby Letter of Credit
issued specifically for such purpose and ending on the sooner of (a) twenty one (21) days after the Full Payment Date or (b) the date the original of such Standby Letter of Credit is returned to the applicable Issuing Bank for
cancellation with such instructions for cancellation as such issuer may require. 
 “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 Effective Date. 

“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 Adjustment” shall mean, for any Test Period that includes all or any part of a fiscal quarter included in any
Post-Acquisition Period with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Subsidiary or the Consolidated EBITDA of the Borrowers, (a) the pro forma increase or decrease in such Acquired EBITDA or
such Consolidated EBITDA, as the case may be, that is factually supportable and is expected to have a continuing impact and (b) additional good faith pro forma adjustments arising out of cost savings initiatives attributable to such transaction
and additional costs associated with the combination of the operations of such Acquired Entity or Business or Converted Subsidiary with the operations of the Borrower and its Subsidiaries, in each case being given pro forma effect, that
(i) have been realized or (ii) will be implemented following such transaction and are supportable and quantifiable and expected to be realized within the succeeding twenty-four (24) months and, in each case, including, but not limited
to, (w) reduction in personnel expenses, (x) reduction of costs related to administrative functions, (y) reductions of costs related to leased or owned properties and (z) reductions from the consolidation of operations and
streamlining of corporate overhead, taking into account, for purposes of determining such compliance, the historical financial statements of the Acquired Entity or Business or Converted Subsidiary and the consolidated financial statements of the
Borrower and its Subsidiaries, assuming such Permitted Acquisition or conversion, and all other Permitted Acquisitions or conversions that have been consummated during the period, and any Indebtedness or other liabilities repaid in connection
therewith had been consummated and incurred or repaid at the beginning of such period (and assuming that such Indebtedness to be incurred bears interest during any portion of the applicable measurement period prior to the relevant acquisition at the
interest rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination); provided, that, so long as such actions are initiated during such Post-Acquisition Period or such costs are incurred
during such Post-Acquisition Period, as applicable, for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, it may be assumed that such cost savings will be realizable
during the entirety of such Test Period, or such additional costs, as applicable, will be incurred during the entirety of such Test Period; provided, further, that in no event shall such amounts calculated in reliance upon clause
(b) above comprise more than 20% of Consolidated EBITDA. 

  
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 “Pro Forma Basis” and “Pro Forma Effect” shall mean, with
respect to compliance with any test hereunder for an applicable period of measurement, that (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B) all Specified Transactions and the following transactions in
connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement (as of the last date in the case of a balance sheet item) in such test: (a) income statement items (whether positive or negative)
attributable to the property or Person subject to such Specified Transaction, (i) in the case of an Asset Sale or other disposition of all or substantially all Equity Interests in any Subsidiary of the Borrowers (other than an Excluded
Subsidiary) or any division, product line, or facility used for operations of the Borrowers or any of its Subsidiary Guarantors (other than an Excluded Subsidiary), shall be excluded, and (ii) in the case of a Permitted Acquisition or
Investment described in the definition of “Specified Transaction,” shall be included, (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the Borrower or any of its Subsidiaries (other than
Excluded Subsidiaries) in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is or
would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without limiting the application of the Pro Forma Adjustment pursuant to (A) above, the foregoing pro forma adjustments may be applied
to any such test solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA and give effect to events (including operating expense reductions) that are (as determined by the Borrower in good faith)
(i) (x) attributable to such transaction, (y) expected to have a continuing impact on the Borrower and its Subsidiaries (other than an Excluded Subsidiary) and (z) factually supportable or (ii) otherwise consistent with the
definition of Pro Forma Adjustment. 
 “Pro Forma Excess Availability” shall mean, for any date of determination, the
average Excess Availability for 30 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 (i) completed a preliminary desktop examination in scope and with results reasonably satisfactory to the Administrative
Agent and (ii) other than to the extent that Pro Forma Excess Availability is tested at the signing of an Acquisition Agreement pursuant to clause (ii) of the definition of Permitted Acquisition, received (A) the results of a
customary physical hydrocarbon Inventory count, in scope and with results reasonably satisfactory to Administrative Agent or (B) an interim working capital inventory statement delivered by the seller (and acceptable to the purchaser pursuant to
the relevant purchase or acquisition agreement); provided, that, the amount of such hydrocarbon Inventory included in the Borrowing Base shall equal the least of the amount reflected in (1) such preliminary desktop examination,
(2) to the extent required, such customary physical hydrocarbon Inventory count or (3) to the extent required, such interim working capital inventory statement; provided, that, other than to the extent that Pro Forma Excess
Availability is tested at the signing of an Acquisition Agreement pursuant to clause (ii) of the definition of Permitted Acquisition, such a customary physical hydrocarbon Inventory count shall be conducted; provided, further,
that, such Accounts or hydrocarbon Inventory shall only be included in the Borrowing Base for a period of 45 days (or such longer period as may be agreed to by the Administrative Agent, but in no event longer than 90 days) following the completion
of such desktop examination and receipt of such physical hydrocarbon Inventory count; provided, further, that following the completion of a field examination by the Administrative Agent in scope and with results reasonably satisfactory
to Administrative Agent such Accounts and hydrocarbon Inventory shall thereafter be included in the Borrowing Base. 

  
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 “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 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. 
 “Purchased Hydrocarbon Assets” shall have the meaning assigned to such term in
Section 6.01(v). 
 “Qualified Capital Stock” of any person shall mean any Equity Interests of
such person that are not Disqualified Capital Stock. 
 “Railcar Financing” shall have the meaning assigned to such term in
Section 6.01. 
 “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. 

“Refinancing Loan Commitments” has the meaning assigned to such term in Section 2.20(e). 

“Refinancing Loans” has the meaning assigned to such term in Section 2.20(e). 

“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. 

  
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 “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. 

“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 Collateral Agent from time to time, acting reasonably and in good faith, pursuant to
standards and practices generally applied by the Collateral Agent (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 Collateral Agent, 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 Effective Date of which the Collateral Agent have actual knowledge prior to the 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 Effective Date. Any Reserves established by the Collateral Agent with respect to the value of Eligible Positive Exchange Agreement Balances as provided in the proviso of such definition shall not
be duplicative of any other Reserve. 
 “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. 

  
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 “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. 

“Revolving Availability Period” shall mean the period from and including the Effective 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 Annex IV hereto 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 Effective Date is $3,400,000,000 (the Loans thereunder, the “Initial Revolving Loans”). 

“Revolving Credit Priority Collateral” shall mean (i) all deposit accounts of any Loan Party (other than Excluded
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 2.02. Each
Revolving Loan shall either be an ABR Revolving Loan or a Eurodollar Revolving Loan. 
 “Revolving Maturity Date” shall
mean with respect to the (i) Revolving Commitments outstanding as of the Effective Date and the Revolving Loans thereunder (and any Incremental Revolving Commitments and the Incremental Revolving Loans thereunder), the date which is
five (5) years after the Effective Date and (ii) Refinancing Loan Commitments and the Refinancing Loans thereunder, the date set forth in the amendment giving effect thereto. 

“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. 

  
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 “Secured Obligations” shall mean (a) the Obligations, (b) other than
to the extent prohibited by applicable law (including, without limitation, the Dodd Frank Wall Street Reform and Consumer Protection Act), 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; provided, however, that such obligations shall have been designated as Secured Obligations in a writing from the Borrowers to the Administrative Agent
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 Collateral Agent, each other
Agent, each Issuing Bank, the Lenders and each counterparty to a (a) Treasury Services Agreement if at the time of entering into such 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 the 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 or (b) Hedging Agreement if at the time of entering into such Hedging Agreement such
Person has been designated as a Secured Party in a writing from the Borrowers to the Administrative Agent 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 the 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. 

“Security Agreement” shall mean that certain Security Agreement dated as of the Effective Date among the 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. 

“Security Agreement Collateral” shall mean all property pledged, granted or reaffirmed as collateral pursuant to the Security
Agreement (a) on the Effective Date or (b) thereafter pursuant to Section 5.10 (it being agreed and understood that such Security Agreement Collateral shall be limited in any event to Revolving Credit Priority
Collateral). 
 “Security Documents” shall mean the Security Agreement, 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 Security 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 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. 

“Specified Event of Default” shall mean an Event of Default existing pursuant to Section 8.01(a),
(b), (g) or (h) of this Agreement. 
 “Specified Transaction” means any Investment,
Asset Sale or other disposition outside of the ordinary course of business, incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation as an Excluded Subsidiary or as a Subsidiary Guarantor (as applicable), or Incremental
Revolving Commitments that by the terms of this Agreement requires such test to be calculated on a “Pro Forma Basis” or after giving “Pro Forma Effect”; provided that any such Specified Transaction (other than a Restricted
Payment) having an aggregate value of less than $25,000,000 shall not be calculated on a “Pro Forma Basis” or after giving “Pro Forma Effect.” 

  
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 “Standby Letter of Credit” shall mean any standby letter of credit. 

“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(d), 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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 “Swap Obligation” means, with respect to any Loan Party, any obligation to pay
or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“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 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. 
 “Toledo
Facility” shall mean Toledo’s petroleum refinery and all related assets and properties located in Toledo, Ohio. 

“Torrance Facility” shall mean Torrance’s petroleum refinery and all related assets and properties located in Torrance,
California. 
 “Total Assets” shall mean the total assets of Holdings and its Subsidiaries on a consolidated basis, as
shown on the most recent consolidated balance sheet of Holdings and its Subsidiaries. 
 “Transactions” shall mean,
collectively, the transactions to occur on or prior to the Effective Date pursuant to the Loan 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 Effective Date and owing in connection with the foregoing. 

“Transferred Guarantor” shall have the meaning assigned to such term in Section 7.09. 

  
 45 

 “Treasury Services Agreement” shall mean any agreement relating to treasury,
depositary, credit cards (including commercial cards (including so-called “purchase cards”, “procurement cards” or “p-cards”)), credit card
processing services, debit cards, stored value cards, 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) $100,000,000 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 $100,000,000 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. 

“Undisclosed Administration” means, in relation to a Lender or its direct or indirect parent company, the appointment of an
administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or such parent company is subject to home
jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed. 
 “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.” 

“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. 

  
 46 

 “Write-Down and Conversion Powers” shall mean the write-down and conversion
powers of the applicable EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which powers are described in the EU
Bail-In Legislation Schedule. 
 “Yield” shall mean, as to any Indebtedness, the
yield thereof, whether in the form of interest rate, margin, an interest rate floor or otherwise, in each case incurred or payable by the Borrowers generally to the Lenders with respect to such Indebtedness including any such original issue discount
or upfront fees (with original issue discount being equated to interest based on an assumed four-year life to maturity or, if shorter, the actual weighted average life to maturity) payable to all Lenders providing such Indebtedness (but excluding
structuring, arrangement, commitment or similar fees not shared with all such Lenders). 
 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 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 to GAAP shall mean and refer to IFRS. If at any time any such 

  
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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 Effective 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 Effective 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. 

Section 1.06 Pro Forma Calculations. 

(a) Whenever a financial ratio or test is to be calculated on a Pro Forma Basis, or giving “Pro Forma Effect” the
reference to the “Test Period” for purposes of calculating such financial ratio or test shall be deemed to be a reference to, and shall be based on, the most recently ended Test Period for which internal financial statements of the
Borrowers are available (as determined in good faith by the Borrowers); provided that, the provisions of this sentence shall not apply for purposes of determining actual compliance with Section 6.09 (other than for the
purpose of determining Pro Forma Compliance with Section 6.09), which actual shall be based on the financial statements delivered pursuant to Section 5.01(a) or (b), as
applicable, for the relevant Test Period. 
 (b) For purposes of calculating any financial ratio or test, or basket that is
based on a percentage of Consolidated EBITDA, Specified Transactions that have been made (i) during the applicable Test Period and (ii) if applicable as described in Section 1.06(a), subsequent to such Test Period
and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in Consolidated EBITDA and the
component financial definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable Test Period. If since the beginning of any applicable Test Period any Person that subsequently became (other than
an Excluded Subsidiary) a Subsidiary or was merged, amalgamated or consolidated with or into the Borrower or any of its Subsidiaries (other than an Excluded Subsidiary) since the beginning of such Test Period shall have made any Specified
Transaction that would have required adjustment pursuant to this Section 1.06, then such financial ratio or test shall be calculated to give pro forma effect thereto in accordance with this
Section 1.06. 
 (c) In the event that the Borrowers or any Subsidiary (other than an Excluded
Subsidiary) incurs (including by assumption or guarantees) or repays (including by redemption, repayment, retirement or extinguishment) any Indebtedness included in the calculations of any financial ratio or test (in each case, other than
Indebtedness incurred or repaid under any revolving credit facility), (i) during the applicable Test Period or (ii) subject to Section 1.06(a) subsequent to

  
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the end of the applicable Test Period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated
giving pro forma effect to such incurrence or repayment of Indebtedness, to the extent required, as if the same had occurred on the first day of the applicable Test Period. 

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 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 $1,000,000 and not less than $5,000,000 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 $1,000,000 and not less than $5,000,000 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. 

  
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 (c) Except with respect to Swingline Loans, Administrative Agent shall endeavor
to notify Lenders of each Notice of Borrowing by 1:00 p.m. on the proposed funding date for an ABR Loan or by 3:00 p.m. three Business Days before a proposed funding of a Eurodollar Loan. 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 3:00 p.m., New York City time on the requested funding date (unless Administrative Agent’s notice is received after the times provided above, in which case Lender shall fund by 11:00 a.m. New York City time on the
following Business Day), 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), or 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. 
 (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 no Issuing Bank or Swingline
Lender, as applicable, shall make) 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 at 

  
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any time, the greater of (i) $100,000,000 and (ii) an amount equal to 10.0% of the lesser of the then existing Borrowing Base and the then current aggregate Revolving Commitments of the
Lenders at such 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 
 (f)
that the conditions set forth in Sections 4.02(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 

  
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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 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). 

  
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 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 first Business Day of April, July, October and January 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 Letter of Credit Fee 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 Effective 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 each applicable Issuing Bank a fronting fee (“Fronting Fee”), which shall accrue at a rate not to exceed 0.25% per annum on the average daily amount of the
LC Exposure of such Issuing Bank (excluding any portion thereof attributable to Reimbursement Obligations) during the period from and including the Effective 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 of such Issuing Bank, as well as such Issuing Bank’s customary fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit in respect of Letters of Credit
issued by such Issuing Bank or processing of drawings thereunder in respect of Letters of Credit issued by such Issuing Bank. Accrued LC Participation Fees and Fronting Fees shall be payable in arrears (i) on the first Business Day of April,
July, October and January of each year, commencing on the first such date to occur after the Effective 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 Banks pursuant to this paragraph shall be payable within 10 days after demand therefor unless otherwise agreed with the applicable Issuing Bank.
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) 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 and the Issuing Banks, except the Borrowers shall pay the Fronting Fees directly to the relevant Issuing Banks 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. 

  
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 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. 

(c) Default Rate. Notwithstanding the foregoing, if there is a Specified Event of Default, 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 or interest 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 (other than with respect to interest) 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
$1,000,000 and not less than $2,000,000 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. 

  
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 (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 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 

  
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 (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. 
 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 $1,000,000 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. 

  
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 (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) Except as provided in Section 2.18(a), 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. 
 (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), 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 Event of 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 

  
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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 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, on the Business Day 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. 

(a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing: 

(i) 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 

(ii) 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 

  
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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. 
 (b) Notwithstanding anything to the contrary in this
Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required
Lenders, a copy to Borrowers) that the Borrowers or Required Lenders (as applicable) have determined, that: 
 (i) adequate
and reasonable means do not exist for ascertaining the Adjusted LIBOR Rate for any requested Interest Period, because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent
has made a public statement identifying a specific date after which the LIBOR Rate or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled
Unavailability Date”), or 
 (iii) syndicated loans currently being executed, or that include language similar to
that contained in this Section 2.11(b), are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the LIBOR Rate, 

then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such
notice, as applicable, the Administrative Agent and the Borrowers may amend this Agreement to replace the LIBOR Rate with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein),
giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with
any proposed LIBOR Successor Rate Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to
all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment. 

If no LIBOR Successor Rate has been determined pursuant to this Section 2.11 and the circumstances
under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain
Eurodollar Loans shall be suspended, (to the extent of the affected Eurodollar Loans or Interest Periods). Upon receipt of such notice, the Borrowers may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar
Loans (to the extent of the affected Eurodollar Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans in the amount specified therein. 

  
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 Notwithstanding anything else herein, any definition of LIBOR Successor Rate
shall provide that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement. 
 As used
above: 
 “LIBOR Screen Rate” means the LIBOR Rate quote on the applicable screen page the Administrative
Agent designates to determine the LIBOR Rate (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). 

“LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any
conforming changes to the definition of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the reasonable discretion of the
Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines
that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent
determines in consultation with the Borrowers). 
 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 any Issuing Bank; 

(ii) subject any Lender or any 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 (except for any Taxes described in clauses (b) through (d) of the definition of Excluded Taxes, Indemnified Taxes or Connection Income Taxes); or 

(iii) impose on any Lender or any 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, such
Issuing Bank or such Lender’s or such 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 such Issuing Bank hereunder (whether of principal, interest or any other amount), then, upon request of such Lender or such Issuing Bank, Borrowers will pay to such Lender or such
Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 

  
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 (b) Capital Requirements. If any Lender or any Issuing Bank determines (in
good faith) that any Change in Law affecting such Lender or such Issuing Bank or any lending office of such Lender or such Lender’s or such Issuing Bank’s holding company, if any, regarding capital and liquidity requirements has or would
have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such 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 such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such
Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company
with respect to capital adequacy and liquidity), then from time to time Borrowers will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) Certificates for
Reimbursement. A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such 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 such 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 any Issuing Bank to demand compensation pursuant to this Section 2.12 shall not constitute a waiver of such Lender’s or such Issuing Bank’s
right to demand such compensation; provided that Borrowers shall not be required to compensate a Lender or an 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 such 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 such 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 Eurodollar 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. 

  
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 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, 2.16, 10.03 or 10.19, 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 set forth in Section 10.01 hereto, except payments to be made directly to any Issuing Bank or Swingline Lender as expressly provided herein and except that payments
pursuant to Sections 2.12, 2.13, 2.15, 2.16, 10.03 or 10.19 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. 

(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). 

  
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 (d) Sharing of Set-Off. If any
Lender (and/or any 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 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 Banks 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 Banks, 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 each of the Issuing Banks, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such 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. 

  
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 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 Taxes except as required by applicable Requirements of Law; 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 Tax from such payments, then (i) if such Tax is an Indemnified Tax or Other Tax, 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 all 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 or (c) below, 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), or (b), 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; provided that the Borrowers shall not be required to indemnify the Administrative Agent or any Lender for
interest, additions to tax or penalties imposed as a result of the gross negligence or willful misconduct of such Person. 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. 
 (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 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

  
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sentences, the completion, execution and submission of such documentation (other than such documentation set forth in paragraphs (i) through (v) of this Section) 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 W-8BEN-E (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 W-8BEN-E (or any successor
forms), 
 (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 or W-8BEN-E, 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 

  
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 (vi) any other form prescribed by applicable Requirements of Law as a basis for
claiming exemption from or a reduction in U.S. 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 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. 

  
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 (h) Issuing Bank. For all purposes of this
Section 2.15, the term Lender shall include the Issuing Banks. 
 (i) No Longer
“Grandfathered Obligations”. The Borrowers intend to treat the Revolving Commitments (including advances already outstanding) as not being “grandfathered obligations” for purposes of FATCA. 

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); 
 (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) 

  
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 (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 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 relevant 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 $1,000,000 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. 

  
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 (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. 

Section 2.18 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, Administrative Borrower may request each Issuing
Bank, and each 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 such 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). Each 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 

  
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Administrative Borrower to, or entered into by Borrowers with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. To the extent that an
Issuing Bank has LC Exposure on the Effective Date that is higher than its individual LC Commitment separately agreed to with the Borrowers and the Administrative Agent then such Issuing Bank’s individual LC Commitment shall be reduced over
time to at or below their agreed-upon level as existing Letters of Credit expire over time. 
 (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 relevant Issuing Bank), an LC Request to the relevant 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 shorter preceding date and time as is acceptable to the relevant 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 relevant 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 or
such later date acceptable to the Administrative Agent and the relevant Issuing Bank); 
 (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; 

(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 relevant Issuing Bank may reasonably 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 relevant Issuing Bank: 
 (i) the Letter of Credit to be amended, renewed or extended; 

  
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 (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 relevant Issuing Bank may reasonably require. 

If requested by an Issuing Bank, Administrative Borrower also shall submit a letter of credit application on such 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
relevant 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
relevant 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, each Issuing Bank shall provide to the Administrative Agent and the Administrative Borrower 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) (w) 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), (x) the Letter of Credit Expiration Date (or such later date acceptable to the Administrative Agent and the relevant Issuing Bank) and (y) the expiration date set forth on the face of such Letter of Credit, and (ii) if
Administrative Borrower so requests in any Letter of Credit Request, the relevant 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 such 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 agreed upon at the time such Letter of Credit is issued and set forth in such Letter of Credit. Unless otherwise directed by the relevant
Issuing Bank, Borrowers shall not be required to make a specific request to such 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 relevant 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 (or
such later date acceptable to the Administrative Agent and such Issuing Bank); provided that such Issuing Bank shall not permit 

  
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any such renewal if (x) such 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 4.02 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 Banks or the Lenders, each Issuing Bank hereby irrevocably grants to each Revolving
Lender, and each Revolving Lender hereby acquires from such 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 Banks, such Revolving Lender’s Pro Rata Percentage of
each LC Disbursement made by the Issuing Banks 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 any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, Borrowers shall reimburse such LC
Disbursement by paying to such 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 elects not to make such payment when due for any reason, then the Borrowers will be deemed to have requested a Revolving Loan to the Revolving Lenders, and which request will be automatic and not be subject to the conditions precedent set
forth in Article IV. Upon delivery of written notice of such election by the Administrative Borrower to the relevant Issuing Bank, such Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall notify each Revolving
Lender of the applicable LC Disbursement, the payment then due from 

  
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Borrowers in respect thereof (including, without limitation, any amounts under Section 2.18(e)(iii) or 2.18(h)) and such Revolving Lender’s Pro Rata Percentage thereof. Each
Revolving Lender shall then fund its Pro Rata Percentage of such Revolving Loans and 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 relevant Issuing Bank the amounts so received by it from the Revolving Lenders. If for whatever reason it is not possible for a Revolving Loan to be made as provided herein, the Administrative Agent shall notify the relevant Issuing Bank and
each Revolving Lender of such event and such Issuing Bank shall then within one (1) Business Day notify the Administrative Agent and each Revolving Lender of the applicable 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 the date it is
notified by the relevant Issuing Bank (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 such 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, which reimbursement obligations will be satisfied by the
funding of the relevant Revolving Loans. The Administrative Agent will promptly pay to the relevant 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 such
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 Banks 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 

  
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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 any
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 Banks 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 any Issuing Bank; provided that the foregoing shall
not be construed to excuse such Issuing Bank from liability to Borrowers to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by Borrowers to the extent permitted by applicable
Requirements of Law) suffered by Borrowers that are caused by such 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 or actions that are
the result of relevant Issuing Bank’s gross negligence, bad faith or willful misconduct. The parties hereto expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of any Issuing Bank (as finally
determined by a court of competent jurisdiction), each 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, each 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 relevant Issuing Bank shall, promptly following its receipt thereof, examine all
documents purporting to represent a demand for payment under a Letter of Credit. The relevant Issuing Bank shall promptly give written notice to the Administrative Agent and Administrative Borrower of such demand for payment and whether such 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 such 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 any 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 any 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 such Issuing Bank shall be for the account of such Lender to the extent of such payment. 

  
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 (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 Banks for LC Disbursements for which they have 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 Exposure representing 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) 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 Banks 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 an Issuing Bank, as the context shall require. The Administrative
Agent shall notify the Lenders of any such additional Issuing Banks. 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 an Issuing Bank. Any 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. Any Issuing Bank may be replaced at any time by written agreement among the Administrative Borrower, the Administrative Agent, the replaced
Issuing Bank and the successor Issuing Bank pursuant to Section 2.18(j) above. The Administrative Agent shall notify the Lenders of any such replacement of any such Issuing Bank. At the time any such resignation of such
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 an 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. 

  
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 (l) Other. (i) No Issuing Bank shall be under any obligation to issue
any Letter of Credit if 
 (1) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms
purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, or any Requirement of Law applicable to such Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with
jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such Letter
of Credit any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Effective Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which
was not applicable on the Effective Date and which such Issuing Bank in good faith deems material to it; or 
 (2) the
issuance of such Letter of Credit would violate one or more policies of such Issuing Bank. 
 No Issuing Bank shall be under
any obligation to amend any Letter of Credit if (A) such 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 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 Effective Date. 

(ii) Each Issuing Bank hereby agrees that, if it shall at any time have possession of any original paper bills of lading
covering hydrocarbon Inventory of the Borrowers or any other Collateral, such original paper bills of lading and other Collateral shall be held by such Issuing Bank as a designee and bailee of the Administrative Agent, on behalf of the Secured
Parties, as security for the Secured Obligations. 
 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 Banks pursuant to clause (c)(v) below); 

  
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 (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 any rights or remedies of any 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 relevant 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 Banks 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 Banks 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

  
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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 4.02 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, each 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 remedies against a Defaulting Lender under this Section 2.19 are in addition to other rights and remedies that Borrowers, the Administrative Agent, the Issuing Banks, the Swingline Lender and
the non-Defaulting Lenders may have against such Defaulting Lender. Unless expressly agreed by Borrowers, the Administrative Agent and the Issuing Banks, or as expressly provided herein with respect to Bail-In Actions and related matters, no reallocation of Commitments and Loans to non-Defaulting Lenders or reinstatement of a Defaulting Lender shall constitute a waiver or
release of claims against such 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 from time to time by written notice to the Administrative Agent elect
(which election may be exercised by the Administrative Borrower one or more times) to request after the commencement of the Revolving Availability Period and prior to the Revolving Maturity Date, increases to the existing Revolving Commitments
(“Incremental Revolving Commitments”) by an amount determined by the Administrative Borrower not in excess of an aggregate amount equal to the sum of (1) $100,000,000, plus (2) an amount equal to all voluntary prepayments
that have resulted in permanent reductions of the Revolving Commitments (the “Incremental Facility Amount”). 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. 

  
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 (b) Conditions. The Incremental Revolving Commitments shall become
effective and the Borrowers may draw upon such Incremental Revolving Commitments, as of such Increase Effective Date; provided that: 

(i) each of the conditions set forth in Section 4.02 (d) and (e) shall
be satisfied on or prior to the Increase Effective Date; 
 (ii) no Event of Default shall have occurred and be continuing or
would result after giving effect thereto (or, if the Incremental Revolving Commitments are incurred in connection with a Permitted Acquisition, at the election of the Administrative Borrower, at the time of signing of the relevant Acquisition
Agreement); 
 (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 Collateral Agent shall have received audits reasonably satisfactory to Administrative Agent and Collateral Agent 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 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 in which case they shall be true and
correct in all material respects as of such earlier date, and except the representations and warranties contained in Section 3.04(a) shall be deemed to refer to the most recent statements furnished pursuant to
Section 5.01(a) and (b), respectively; provided that to the extent that such Incremental Revolving Commitment or the Incremental Revolving Loans thereunder will be used concurrently with the initial
provision of such commitment to finance any Permitted Acquisition or Investment permitted pursuant to Section 6.04(h), 6.04(n), 6.04(r) or 6.04(s) of this Agreement, then such representations and
warranties shall be limited to customary “SunGard” representations and warranties (including those with respect to the target contained in the acquisition or merger agreement to the extent failure of such representations and warranties to
be true and correct permits the Borrowers or relevant Affiliate thereof not to consummate the transactions contemplated thereby); 

(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; provided, however, that any or all of the requirements of this subsection 2.20(b) (other than the requirements in clause (i) with respect to
Section 4.02(d), clause (iii) (except for any waiver of payments under Section 2.13 by the Lenders providing the Incremental Revolving Commitments) or clause (iv)) may be
modified and/or waived by the Borrowers, the Administrative Agent and the Lenders providing the Incremental Revolving Commitments. 

  
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 (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”) (other than as provided below) shall be
identical from and after the date of effectiveness of the relevant Increase Joinder in all respects to the Revolving Loans; provided, however, the rate of interest, commitment fees and letter of credit participation fees, original
issue discount, upfront fees and closing fees shall be determined by the Borrowers and the applicable Lenders providing such new Revolving Commitments and shall be set forth in the applicable Increase Joinder (and any such new Revolving Commitments
and Incremental Revolving Loans may be designated a Class of Loans and Commitments for all purposes of this Agreement); provided, further, in the event the Yield for any of the Incremental Revolving Loans is higher than the Yield
on the Initial Revolving Loans by more than 75 basis points, then the Applicable Margin for such Initial Revolving Loans shall be increased to the extent necessary so that the Yield for such Initial Revolving Loans is equal to the Yield for such
Incremental Revolving Loans minus 75 basis points. 
 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 2.02. 

(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”), the proceeds of which shall be used solely to permanently
replace then existing Revolving Commitments and voluntarily repay outstanding Revolving Loans thereunder (it being agreed and understood that notwithstanding anything herein to the contrary, any such voluntary repayment shall be applied solely to
repay the Revolving Loans being so refinanced and interest, fees, costs and expenses in connection therewith), 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 propose 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 

  
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Refinancing Amount Date; provided, that: (i) no 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”) (for the avoidance of doubt, no Lender shall be required to deliver a Refinancing
Loan Commitment), 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 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 no sooner than the relevant Revolving Maturity Date of the Revolving Loans so refinanced; (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; (iii) the rate of interest, original issue discount, upfront fees and similar fees payable to the Lenders providing such
Refinancing Loan Commitments 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 and (iv) any other terms and
provisions may differ from those applicable to the Revolving Commitments and Revolving Loans being so refinanced as long as such terms and provisions apply solely to any period after the latest stated final maturity of the Loans in effect on the
Refinancing Amount Date immediately prior to the effectiveness of such Refinancing Loan Commitments or are otherwise added for the benefit of the other Lenders hereunder. 

(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) Any Refinancing Revolving Loans and Refinancing Loan Commitments with the same terms made on any Refinancing Amount Date
shall be designated a Class of Loans and Commitments for all purposes of this Agreement; provided that any Refinancing Revolving Loans and any Refinancing Loan Commitments may, to the extent provided in the applicable Refinancing Joinder
Agreement, be designated as an increase in any previously established Class of Loans and/or Commitments if it has the same terms as such previously established Class of Loans and/or Commitments in all respects. 

  
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 (iv) 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) and the Lenders hereby irrevocably authorize the Administrative Agent to enter into such Refinancing Joinder Agreements and amendments to the other Loan Documents with the applicable Loan Parties
as may be necessary or advisable in order to effectuate the transactions contemplated by this Section 2.20(e). Each Refinancing Joinder Agreement shall be binding on the Lenders, the Loan Parties and the other parties
hereto. 
 (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 Collateral Agent 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 Collateral Agent 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); 
 (ii) any Account that is
not owned by a Borrower; 
 (iii) [Reserved]; 

(iv) [Reserved]; 

(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 (a) Account Debtors specified on Part A of Annex II attached hereto so
long as the relevant Account Debtor set forth on Part A of Annex II remains Investment Grade (or the relevant obligations of such Account Debtor are guaranteed on terms reasonably acceptable to the Collateral Agent

  
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from a Person that is Investment Grade) and (b) Account Debtors specified on Part B of Annex II or otherwise agreed to by the Collateral Agent 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 or
Canadian dollars; provided, that notwithstanding the foregoing, this clause (vi) shall not exclude any Account that is payable in any currency other than dollars or Canadian dollars to the extent such Account is directly or
indirectly subject to a foreign currency or foreign exchange hedge protecting the Borrowers from foreign currency or exchange risk; 

(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; 

(xii) any Account with respect to which an invoice or other electronic transmission (reasonably acceptable to the Collateral
Agent 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 or Affiliate of a Loan Party; 

  
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 (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 Collateral Agent, are in effect in respect
of such Account; provided, that notwithstanding the foregoing, this clause (xiv) shall not result in the ineligibility of any Accounts that are the obligation of any Account Debtor specified on Part C of Annex II (including
ExxonMobil) or any other Investment Grade entity or Person which is identified as such on the Borrowing Base Certificate, or any of their respective Affiliates, so long as the relevant Account Debtor remains Investment Grade in an amount not to
exceed, in the aggregate for all such Accounts, the greater of (A) $50,000,000 or (B) the least of (x) 20% of Accounts Availability, (y) 10% of Borrowing Availability and (z) $100,000,000; 

(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 Collateral Agent, in its 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 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 

  
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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 Collateral Agent 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 Collateral Agent 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 $15,000,000 (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 Collateral Agent, or (y) Reserves reasonably satisfactory to
the Collateral Agent (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 $15,000,000
unless either (x) a reasonably satisfactory, acknowledged bailee waiver letter has been received by the Collateral Agent or (y) Reserves reasonably satisfactory to the Collateral Agent (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 $500,000; 

(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 50.0% of the total amount of the Borrowing Base as of such time only if such hydrocarbon Inventory is not within a High Risk Area (as determined on the date of the relevant Borrowing Base Certificate
delivered pursuant to Section 5.15(a)) and so long as (I) such hydrocarbon Inventory does not constitute an Account (except to the extent the Administrative Agent holds a perfected Lien on such Account at such time), (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 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 

  
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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 two (2) Business Days in the case of electronic copies) of receipt
by the Borrowers thereof; provided, further, that, at any time when Excess Availability is less than or equal to, for a period of three (3) consecutive Business Days, 20% of the lesser of the Borrowing Base and the aggregate
Revolving Commitments of the Lenders at such time (the “Title Document Threshold”), and continuing until Excess Availability is greater than the Title Document Threshold for sixty (60) consecutive days (or such shorter period
as the Administrative Agent may agree to), the Borrowers shall (x) ensure that all such hydrocarbon Inventory is covered by bills of lading in the original paper form which are delivered to Borrowers and that upon receipt of each such paper
original bill of lading, the Borrowers shall have promptly delivered it to the Administrative Agent or its designee and (y) provide the Administrative Agent’s employees or designees such direct access to the Borrowers’ bills of lading
systems and related information and procedures as the Administrative Agent may reasonably require; 
 (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 unsalable, damaged or unfit for sale; 

(ix) consists of display items or packing or shipping materials or manufacturing supplies; 

(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 that are
not owned by a Loan Party or that are subject to any Lien or ownership interest of a Person that is not a Loan Party (other than Liens permitted under Section 6.02(a) or (l)); (B) shall include all other
Intermediate Products; and (C) shall not include Certain Hydrocarbon Assets. 

  
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 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. 

(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 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; provided, however, notwithstanding anything set forth herein or in any other Loan Document to the contrary, the Borrowers and Subsidiary Guarantors, as applicable, shall deliver, or cause to be delivered, to the
Administrative Agent a Control Agreement duly authorized, executed and delivered by each applicable bank where the accounts identified on Schedule 2.22 as not being subject to a Control Agreement are maintained within sixty (60) days of
the Effective Date (or such later date as the Administrative Agent may agree to in its sole discretion). 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. 

  
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 (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 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 Collateral Agent, the Issuing Banks 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 (other than any Immaterial Subsidiary) (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. 

  
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 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, or give rise to a right thereunder to require any payment to be made by any Company, except for violations, defaults 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) Financial Statements. The 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 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,
2017, 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 constituting Collateral, 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) [Reserved]. 

(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 [Reserved] 

Section 3.07 Equity Interests. 

Schedule 1(a) to the Perfection Certificates set forth a list of all the Subsidiaries of Holdings and their jurisdictions of
organization as of the Effective Date. 
 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. 
 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. 

  
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 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 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); provided, that, no proceeds shall be used in a manner that violates Anti-Bribery Laws or Anti-Terrorism Laws. 

Section 3.13 Taxes. 

Each Company has (a) timely filed or caused to be timely filed all federal Tax Returns and all state, local and foreign Tax Returns
required to have been filed by it and all such Tax Returns are true and correct, (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 in each case in (a) or (b) 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 any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, (in each case, as modified, updated or supplemented by other information so
furnished), 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. 

  
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 Section 3.15 Labor Matters. 

As of the Effective Date, there are no strikes, lockouts or slowdowns against any Company pending or, to the knowledge of any Company,
threatened in writing. 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 each case 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 in each case 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 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 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 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. 

  
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 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; 
 (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; 

(iii) There has been no Release or threatened Release of Hazardous Material on, at, under or from any Real Property or facility
presently or, to the knowledge of the Companies, 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, to
the knowledge of the Companies, 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 

(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; 

  
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 (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 by the Companies with or liability of the Companies 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 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 Agreement. The Security Agreement is 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, 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 4 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 Agreement 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. 

  
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 (b) 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. 

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 controlled Affiliates and
none of the respective officers, directors, brokers or agents of such Loan Party, such Subsidiary or controlled Affiliate (i) has violated or is in violation of Anti-Terrorism Laws or Anti-Bribery 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 controlled 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 controlled 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 or Anti-Bribery Law. 

For purposes of determining whether or not a representation is true under this Section 3.21, no Loan Party shall be
required to make any investigation into the identity of any owner or controlling Persons of any party, including, without limitation, any investigation into (i) ownership of publicly traded stock or other publicly traded securities or
(ii) the beneficial ownership of any collective investment funds. 

  
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 Section 3.22 Location of Material Inventory. 

Schedule 3.22 sets forth, as of the Effective Date, all locations in the United States and Canada where the aggregate value of
hydrocarbon Inventory owned by the Borrowers exceeds $15,000,000. 
 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 (with
respect to hydrocarbon Inventory, taken as a whole) 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 Effectiveness and Initial Credit Extension. 

The effectiveness of this Agreement and 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 4.01: 
 (a) Loan Documents. All legal matters incident to this Agreement and the
other Loan Documents shall be satisfactory to the Lenders, to the Issuing Banks and to the Administrative Agent and there shall have been delivered to the Administrative Agent with respect to each applicable Loan Party an executed counterpart of
(i) the Security Agreement, (ii) a Borrowing Base Certificate as of May 2, 2018, (iii) any Intercreditor Agreement, if any, listed on Schedule 1.01(b) and (iv) 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 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 

  
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 (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 Banks, a favorable written opinion of Paul Hastings LLP, special counsel for the Loan Parties (i) dated the Effective Date, (ii) addressed to the
Agents, the Issuing Banks 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 Effective Date and signed by the chief financial officer or chief executive officer of Borrowers. 

(e) Fees. The Administrative Agent shall have received all Fees and other amounts due and payable on or prior to the
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) Officers’ Certificate. The Administrative Agent shall have received a
certificate, dated the 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
and Sections 4.02(b), (c), (d) and (e). 
 (g) Lien Perfection;
Termination of Existing Revolving Credit Agreement. The Administrative Agent shall have received acknowledgments of all filings or recordations necessary to perfect its Liens in the Collateral, as well as UCC and Lien searches and other evidence
satisfactory to the Administrative Agent that such Liens are the only Liens upon the Collateral, except Permitted Liens. The Administrative Agent shall have received evidence of the termination and repayment in full of all obligations under the
Existing Revolving Credit Agreement and the release of all Liens securing the obligations under the Existing Revolving Credit Agreement. 

Section 4.02 Conditions to All Credit Extensions. 

The obligation of each Lender and each Issuing Bank to make any Credit Extension (including the initial Credit Extension, but excluding, in
any event any Revolving Loan made pursuant to Section 2.18(e) and except as otherwise set forth in clause (ii) of the definition of Permitted Acquisition and in
Section 2.20(b) with respect to Credit Extensions made on account of Incremental Revolving Commitments relating to Permitted Acquisitions) 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 relevant 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. 

  
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 (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. 

(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 4.02(b)-(e) have been satisfied. 

Section 4.03 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 Banks, a favorable written opinion of (i) a special counsel for such Eligible Subsidiary reasonably acceptable to Administrative Agent (it being acknowledged and agreed that Paul Hastings 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 Banks
and the Lenders and (C) covering the matters set forth in Section 4.01(c) and such matters relating to the Loan Documents as the Administrative Agent shall reasonably request. 

  
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 (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 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 Banks 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 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 relevant Issuing Banks), 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 

  
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concern or other qualification with respect to the regularly scheduled maturity date of the Revolving Commitments or other Indebtedness permitted by this Agreement or as a result of a potential
breach of Section 6.09 hereof or a prior breach of Section 6.09 hereof which has been waived or cured), 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 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 June 30, 2018, (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, 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 April 30, 2018, 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 (it being understood that a budget delivered in substantially the same form as the budgets
delivered in 2016 and 2017 will be in a form acceptable 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) [Reserved]; 

(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; provided, however, that the Administrative Agent will not be allowed to receive information
the provision or disclosure of which is prohibited pursuant to Applicable Law or contractual obligations or that is protected by attorney-client privilege. 

Any documents required to be delivered pursuant to Section 5.01(a), (b) or
(f) may be delivered electronically (including by having been publicly filed with the SEC) and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrowers (or PBF Energy Inc. or any parent
entity thereof) post such documents or provide a link thereto on Borrowers’ (or PBF Energy Inc.’s or any parent entity thereof) website on the Internet at the website address listed on Schedule 5.01 (or such other website address provided
to the Administrative Agent in writing from time to time); (ii) on which such documents are posted on the Borrowers’ behalf on an Internet or intranet website, if any, to which each 

  
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Lender and the Administrative Agent has access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); or (iii) if publicly filed with the SEC
(including by PBF Energy, Inc. or any parent entity thereof) as of the date of such filing. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall
have no responsibility to monitor compliance by the Borrowers with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

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 (or
with respect to clause (e) below, within 30 days) of the occurrence thereof): 
 (a) to the extent not otherwise
disclosed in a Form 8-K, filed under the Securities and Exchange Act of 1934, as amended (a “Form 8-K”), any Default, specifying the nature and extent
thereof and the corrective action (if any) taken or proposed to be taken with respect thereto; 
 (b) to the extent not
otherwise disclosed in a Form 8-K, 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 is reasonably likely to be adversely adjudicated, and if so adjudicated, could reasonably be expected to result in a Material Adverse Effect or
(ii) with respect to any Loan Document; 
 (c) to the extent not otherwise disclosed in a Form 8-K, any development that has resulted in, or could reasonably be expected to result in a Material Adverse Effect; 

(d) the occurrence of a Casualty Event (i) to any portion of Revolving Credit Priority Collateral in excess of $20,000,000
or (ii) to the extent not otherwise disclosed in a Form 8-K, to any assets of any Loan Party not constituting Revolving Credit Priority Collateral in excess of $50,000,000; and 

(e) the incurrence of Indebtedness in respect of letters of credit (other than Letters of Credit) and/or other credit support
issued in connection with the purchase by the Loan Parties of hydrocarbons (which notice shall include (i) the payment terms of such letter of credit, (ii) the third party recipient of such letter of credit and (iii) any other
information reasonably requested by the Administrative Agent with respect to the assets to be used to secure such Indebtedness). 

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. 

  
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 (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 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 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 Collateral Agent 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 Collateral Agent a
duplicate original copy of such policy or policies. 
 (d) [Reserved]. 

  
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 (e) Broker’s Report. Deliver to the Administrative Agent and the
Collateral Agent 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 Collateral Agent 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 Collateral Agent 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, and (ii) 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. 

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) 
 (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 

  
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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 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. 

  
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 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, (i) comply, cause all Affiliates of the Loan Parties 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; and (ii) 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 Effective Date by any Loan Party 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 an additional 30 days as may be permitted by written consent by Administrative Agent)) (i) execute and deliver to the Administrative Agent and the Collateral Agent such amendments or supplements to the
relevant Security Documents or such other documents as the Administrative Agent or the Collateral Agent 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; provided, however, that notwithstanding anything to the contrary in any Loan Document, to the extent
resulting from a Permitted Acquisition or an Investment permitted by Section 6.04(n), 6.04(r) or 6.04(s), at the election of the Administrative Borrower, the only action required to be consummated contemporaneously with the consummation of such
transaction will be the filing of financing statements on form UCC-1, and any other action (if any) required in connection therewith pursuant to this Section 5.10 and any analogous
provision in the Loan Documents may be consummated within a reasonable period of time after such consummation as agreed to by the Administrative Borrower and 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 Collateral Agent 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 any 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 or Immaterial Subsidiary) after the Effective Date, promptly (and in any event within 30 days after such
person becomes a Subsidiary) 

  
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(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 or Immaterial 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 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 Collateral Agent to cause the Lien created by the 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 Collateral Agent;
provided, however, that notwithstanding anything to the contrary in any Loan Document, to the extent resulting from a Permitted Acquisition or an Investment permitted by Section 6.04(n), 6.04(r) or 6.04(s), at the election of the Administrative
Borrower, the only action required to be consummated contemporaneously with the consummation of such transaction will be the filing of financing statements on form UCC-1, and any other action (if any) required
in connection therewith pursuant to this Section 5.10 and any analogous provision in the Loan Documents may be consummated within a reasonable period of time after such consummation as agreed to by the Administrative
Borrower and the Administrative Agent. Notwithstanding the foregoing, no Foreign Subsidiary or any Domestic Subsidiary which holds as its only material assets the Equity Interests of one or more Foreign Subsidiaries shall be required to take the
actions specified in this Section 5.10(b). 
 (c) Notwithstanding anything in this Agreement or any
Security Document to the contrary, this Section 5.10 applies to the 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 Collateral
Agent, 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 Collateral Agent 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. Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation,
consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent 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 Collateral Agent 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 Collateral Agent or
such Lender may reasonably require. 
 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, 

  
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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 Collateral
Agent and the Administrative Agent not less than five (5) Business 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 Collateral Agent 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 upon its request 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 Collateral Agent a Perfection Certificate Supplement. 

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 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 21 days after the end of each month (or the succeeding Business Day if such 21st day is not a
Business Day) 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 Collateral Agent 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 the reasonable request of the Collateral Agent, 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 Collateral Agent 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 Collateral Agent in their reasonable credit judgment; 

  
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 (c) at the time of delivery of each of the financial statements delivered
pursuant to Sections 5.01(a) and (b) upon the reasonable 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 Collateral Agent in its 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 Collateral Agent 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. 
 Section 5.16 Collateral Field Examinations.

 Any of the Collateral Agent’s 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 examinations of the financial affairs and Collateral of the Loan Parties. The Loan Parties shall cooperate fully with the Collateral Agent and its agents
during all Collateral field examinations, which shall be at Borrowers’ expense and shall be conducted, at the request of the Administrative Agent or the Collateral Agent, not more than one (1) time during any twelve month period,
absent an Event of Default that has occurred and is continuing or, following the occurrence and during the continuation of an Event of Default, more frequently at the Administrative Agent’s or the Collateral Agent’s 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 request two Collateral field examinations 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 request three Collateral field examinations annually; provided, further, that none of the foregoing limitations on the number of Collateral Field
examinations shall apply during the continuance of an Event of Default. 
 Section 5.17 [Reserved] 

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 (or in the context of a Permitted Acquisition, no Specified Event of Default)
shall have occurred and be continuing, (ii) the conditions set forth in Section 4.03 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. 

  
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 (b) In addition to Excluded Subsidiaries designated under the Existing Revolving
Credit Agreement, the Administrative Borrower may designate any Domestic Subsidiary acquired or formed after the Effective 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 Event of Default (or in the context of a Permitted Acquisition, no
Specified 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 five (5) 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 (including, without limitation, any Incremental
Revolving Commitments, Incremental Revolving Loans, Refinancing Loan Commitments and Refinancing Revolving Loans); 
 (b)
Indebtedness outstanding on the Effective Date and to the extent in excess of $10,000,000 in the aggregate, which is listed on Schedule 6.01(b); 

(c) Indebtedness under Hedging Obligations entered into consistent with prudent industry practice; provided that if such
Hedging Obligations relate to interest rates or foreign currency, (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); 

  
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 (e) Indebtedness in respect of Purchase Money Obligations, Attributable
Indebtedness, 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
10.0% of Total Assets (as determined on the date of incurrence of such Indebtedness); provided, however, any Purchase Money Obligations, Attributable Indebtedness, Capital Lease Obligations or any other Indebtedness (and any refinancing or
renewals thereof) incurred to finance the acquisition, construction, repair, replacement or improvement of any rail car or transportation assets (a “Railcar Financing”) that are leased, financed subject to a purchase contract or
under a similar arrangement in effect as of the Effective Date and set forth on Schedule 6.01(e) shall be permitted hereunder and shall not count against the basket in this clause (e). 

(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). 

(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) [reserved]; 

(l) Indebtedness in the form of Letters of Credit issued under this Agreement; 

(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 or such obligors are not Loan Parties (except as otherwise
permitted by Section 6.04), and (y) both immediately prior and after giving effect thereto no Specified Event of Default shall exist or result therefrom or, at the Administrative Borrower’s option if such Indebtedness is assumed in
connection with a Permitted Acquisition, no Event of Default shall exist at the time the relevant Acquisition Agreement is entered into 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 6.04), and (y) both immediately prior and after 

  
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giving effect thereto (A) no Specified Event of Default shall exist or result therefrom or, at the Administrative Borrower’s option if such Indebtedness is to finance a Permitted
Acquisition, no Event of Default shall exist at the time the relevant Acquisition Agreement is entered into, and (B) the aggregate principal amount of such Indebtedness and all Indebtedness resulting from any Permitted Refinancing thereof at
any time outstanding pursuant to this clause (m)(ii) does not exceed (1) $625,000,000 plus (2) such additional amounts as long as (I) the Consolidated Fixed Charge Coverage Ratio, calculated on a Pro Forma
Basis giving effect to the incurrence of such Indebtedness, is not less than 1.10:1.00 and (II) Pro Forma Excess Availability shall be greater than the Threshold Amount both before and after giving effect to the incurrence of any such
Indebtedness (it being understood and agreed for the avoidance of doubt that the requirements of sub-clauses (1) and (2)(B) of this Section 6.01(m) will not apply to the extent that a Permitted
Acquisition is financed with proceeds of Indebtedness permitted by Section 6.01(a)); 
 (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 any Permitted Acquisition 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 or other dispositions of assets 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
cash management, 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 the Oil Supply Agreements
and Off-Take Agreements; provided, that, to the extent constituting Financing Oil Supply Agreements, Financing Off-Take Agreements, or to the extent such Oil
Supply Agreements or Off-Take Agreements pertain to Intermediate Products and in each case, to the extent reasonably requested by the Administrative Agent, any such Indebtedness is subject to an intercreditor
agreement in form and substance reasonably satisfactory to the Administrative Agent; 
 (u) Indebtedness incurred in
connection with Environmental and Necessary Capex in an aggregate amount not to exceed $300,000,000; 

  
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 (v) Indebtedness in respect of letters of credit and/or other credit support
issued in connection with the purchase by the Loan Parties of hydrocarbons; provided, that any such Indebtedness shall be secured solely by the purchased hydrocarbons, 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 hydrocarbons, 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 “Purchased Hydrocarbon 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]; 

(x) the High Yield Indebtedness; 

(y) Indebtedness arising from an unsecured guaranty provided by any Loan Party in respect of the Indebtedness described in the
preceding clause (x); 
 (z) Indebtedness in respect of letters of credit issued by any Person; 

(aa) Indebtedness incurred in connection with Sale and Leaseback Transactions with respect to Catalyst Assets permitted
pursuant to Section 6.03; 
 (bb) general Indebtedness not otherwise permitted by this
Section 6.01 in an aggregate amount not to exceed the greater of (x) $100,000,000 and (y) 10% of Total Assets (as determined on the date of incurrence of such Indebtedness) outstanding at any time; 

(cc) other senior unsecured Indebtedness of the Borrower; provided that (i) no Default or Event of Default shall exist
before or after giving effect to the incurrence of such Indebtedness and (ii) the Borrower shall be in pro forma compliance with the covenants set forth in Section 6.09, such compliance to be determined on the basis of the financial
information most recently delivered to the Administrative Agent and the Lenders pursuant to Section 5.01(a) or (b), as though such Indebtedness had been incurred as of the first day of the most recently completed Test Period and remained
outstanding and assuming, for such purposes, that the covenants set forth in Section 6.09 are required to be tested for such period; 

(dd) Indebtedness in respect of any industrial revenue bond, industrial development bond, tax exempt bond, pollution control
bond, project financing and/or or similar financings (including any credit support in respect thereof); provided, that (i) the assets securing such Indebtedness shall not constitute Revolving Credit Priority Collateral, (ii) if such
Indebtedness is secured by any real property at which any Collateral is located with a value in excess of $15,000,000, such Indebtedness shall be subject to a collateral access agreement, in form and substance reasonably satisfactory to the
Administrative Agent and (iii) such Indebtedness shall have a maturity date of not less than 180 days after the Revolving Maturity Date; 

(ee) in the event, and solely in the event, that all Issuing Banks have declined to issue a Letter of Credit requested under
this Agreement, Indebtedness in the form of a letter of credit which may be cash collateralized in an aggregate face amount for all such issued and outstanding letters of credit not to exceed $75,000,000 at any time outstanding; 

  
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 (ff) Indebtedness incurred by a Subsidiary organized and in operation in Mexico
or a joint venture organized and in operation in Mexico (any such Subsidiary or joint venture a “Mexican Entity”); and 

(gg) Permitted Refinancing Indebtedness. 

For purposes of determining compliance with this Section 6.01, in the event that an item of Indebtedness meets the
criteria of more than one of the categories of Indebtedness described in clauses (a) through (gg) above, the Borrowers shall, in their discretion, classify and reclassify or divide such item of Indebtedness (or any portion thereof) and will
only be required to include the amount and type of such Indebtedness in one or more of the above clauses; provided that all Indebtedness outstanding under the Loan Documents will be deemed to have been incurred in reliance only on the
exception in clause (a) of this Section 6.01. 
 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; 

(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 and for which adequate reserves have been established in accordance with GAAP;

 (c) any Lien in existence on the 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), does not secure an aggregate amount of Indebtedness, if any, greater than that secured on the Effective
Date and (ii) does not encumber any property other than the property subject thereto on the Effective Date and improvements or 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; 

  
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 (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 (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 and sub-leases of the properties of any Company granted by such Company to
third parties, 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) (i) Liens securing Indebtedness and other
obligations incurred pursuant to Section 6.01(e); provided, that 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 Purchased Hydrocarbon 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) (except as otherwise expressly and specifically agreed to by the Borrowers in each specific instance to the extent securing Letters of Credit issued under this Agreement) 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, treasury, and operating account arrangements, including those involving pooled accounts and netting arrangements; 

  
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 (k) Liens on property of a person or assets existing at the time such person or
assets are 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) (i) Liens granted pursuant to
the Security Documents to secure the Secured Obligations; and (ii) any Lien granted to secure any Permitted Refinancing Indebtedness in respect of the Secured Obligations, any Incremental Revolving Loans and Incremental Revolving Commitments,
and any Refinancing Revolving Loans or Refinancing Loan Commitments; 
 (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 Indebtedness and other
obligations permitted to be incurred under this Agreement or the filing of UCC financing statements in connection with the Off-Take Agreements or the Oil Supply Agreements; provided, that, to the extent
constituting Financing Oil Supply Agreements, Financing Off-Take Agreements, or to the extent such Oil Supply Agreements or Off-Take Agreements pertain to Intermediate
Products, and to the extent reasonably requested by the Administrative Agent, any such agreement is subject to an Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative Agent; 

(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(z); 

(p) Liens on Intermediate Products; provided, that such Liens are subject to an Intercreditor Agreement in form and
substance reasonably satisfactory to the Administrative Agent; 
 (q) Liens securing Permitted Refinancing Indebtedness
incurred to refinance Indebtedness that was previously so secured as long as such Lien does not encumber any property other than the property secured by the Indebtedness so refinanced and improvements, replacements, proceeds or accessions thereto;

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

(s) Liens securing Off-Take Agreements; provided, that such Liens are subject,
to the extent reasonably requested by the Administrative Agent, to an Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative Agent; 

(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; 

(u) Liens incurred in the ordinary course of business of any Company with respect to obligations that do not at any time
outstanding in the aggregate exceed $25,000,000 solely in respect of non-Revolving Credit Priority Collateral; 

  
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 (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 an Asset Sale or other disposition of assets permitted
hereunder, in each case, solely to the extent such Permitted Acquisition, Asset Sale or other disposition of assets, 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 of any Certain Hydrocarbon Asset Supplier) in favor of any Certain Hydrocarbon Asset Supplier and/or an agent of any of the foregoing; provided, that such Liens are subject to an intercreditor agreement in form and substance
reasonably satisfactory to the Administrative Agent; 
 (dd) Liens securing Indebtedness and other obligations permitted by
Section 6.01(dd); 
 (ee) Liens solely on Catalyst Assets securing Indebtedness permitted pursuant to
Section 6.01(aa); 
 (ff) [reserved]; 

(gg) [reserved]; 

(hh) Liens on assets (A) other than Revolving Credit Priority Collateral securing Indebtedness permitted by
Section 6.01; provided, that, if a Lien is granted by any Loan Party or any Subsidiary of a Loan Party on any Real Property where Revolving Credit Priority Collateral is located with a value in excess of $15,000,000,
at the request of the Administrative Agent, Borrowers shall use commercially reasonable efforts to deliver a collateral access agreement, in form and substance reasonably satisfactory to the Administrative Agent, executed by the holder of such Lien
or (B) constituting Revolving Credit Priority Collateral securing High Yield Indebtedness; provided, that, the requirements of clause (iv) of the definition thereof are satisfied; 

  
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 (ii) Liens securing judgments not constituting an Event of Default under
Section 8.01(i); 
 (jj) Liens consisting of cash collateral for letters of credit securing Indebtedness in the form of
letters of credit permitted under Section 6.01(ee); 
 (kk) Liens on assets of, or any Equity
Interests issued by, any Mexican Entity securing Indebtedness permitted under Section 6.01(ff), including, without limitation, Liens on hydrocarbon Inventory and Accounts of a Mexican Entity; and 

(ll) other Liens not otherwise permitted in clauses (a) through (kk) above securing
Indebtedness otherwise permitted hereunder in an aggregate amount not to exceed $75,000,000 at any time outstanding; provided, that no more than $20,000,000 of such Indebtedness may be secured by Liens on any of the Revolving Credit Priority
Collateral. 
 Section 6.03 Sale and Leaseback Transactions. 

Except for Sale and Leaseback Transactions (as hereinafter defined) with respect to (i) Catalyst Assets, (ii) Railcar Financings
with respect to rail car and/or transportation assets existing on or after the Effective Date and (iii) other Sale and Leaseback Transactions, in the case of clauses (i), (ii) and (iii) to the extent permitted under
Section 6.01 and Section 6.02, consummate 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. 

Make any Investment, except that the following shall be permitted: 

(a) Any Asset Sale permitted under Section 6.06(a); 

(b) Investments outstanding on the Effective Date which to the extent in excess of $10,000,000 in the aggregate are 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 (including customary business-related travel, entertainment, relocation and analogous ordinary business purposes) and to purchase Equity Interests of Parent, in an
aggregate amount not to exceed $5,000,000 at any time outstanding and advances of payroll payments to employees in the ordinary course of business; 

  
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 (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 pledged by such Loan Party as Collateral pursuant to the Security Documents; 

(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 or other disposition of assets in compliance with Section 6.06; 
 (k) Capital Expenditures
made by Borrowers or any Subsidiary Guarantor on behalf of itself or of another Loan Party 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 or sub-leases of
real or personal that are not in violation of the Loan Documents; 
 (n) other Investments, provided, that
after giving effect to any such Investment, (I) either (a) Pro Forma Excess Availability shall be greater than the Threshold Basket Amount or (b) (x) Pro Forma Excess Availability shall be greater than the Threshold Amount
(but in no event less than $150,000,000) and (y) Borrowers shall be in compliance with the financial covenant set forth in Section 6.09(a) on a pro forma basis after giving effect to such Investment and (II) no Event of Default
(or if the relevant investment is a Permitted Acquisition, no Specified Event of Default shall have occurred or shall result therefrom (or, at the election of the Administrative Borrower, at the time of the related Acquisition Agreement)); 

(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)
Investments to the extent that payment for such Investments is made with Equity Interests of Parent (or any direct or indirect parent of Parent); 

(q) Investments that are held at the time of the acquisition thereof by a Subsidiary acquired after the 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 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; 

  
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 (r) other Investments not otherwise permitted by this Section 6.04 in an
amount not to exceed the greater of (i) $20,000,000 and (ii) 5% of Total Assets (as determined on the date of consummation of such Investment) at any time outstanding; 

(s) Investments made for cash in any Person that is engaged in the business permitted to be engaged by the Borrowers pursuant
to Section 6.12, provided that immediately after giving effect to such Investment, Pro Forma Excess Availability shall be greater than the Threshold Basket Amount; 

(t) Investments consisting of any modification, replacement, renewal, reinvestment or extension of any Investment existing on
the date hereof to the extent the amount of any such Investment under this Section 6.04(t) is not in excess of the amount of such Investment as of the Effective Date except as otherwise permitted by this
Section 6.04; 
 (u) Investments by an Excluded Subsidiary entered into prior to the day such
Excluded Subsidiary is redesignated as a Subsidiary Guarantor; provided that such Investments were not incurred in contemplation of such redesignation; or 

(v) Investments (if any) made in any Person which is an Affiliate of a Loan Party holding MLP Drop Down and Railcar Assets
resulting from the contribution, transfer or other disposition of any such MLP Drop Down and Railcar Assets. 
 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) [Reserved]; 

(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 

  
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 (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, substantially all, and/or, except in each case to the extent permitted by
Section 6.06(b), any portion of the assets of the Paulsboro Facility, the DCR Facility, the Toledo Facility, the Chalmette Facility or the Torrance Facility (or all or substantially all of the Equity Interests in Paulsboro, Delaware City,
Toledo, Chalmette or Torrance, in which event the applicable entity would cease to be a Borrower); provided, however, any such Asset Sale shall be permitted as long as (x) neither Standard & Poor’s Ratings Group nor
Moody’s Investors Service Inc. downgrades the Index Debt Rating (as defined on Annex I hereto) in existence immediately prior to the announcement of any such Asset Sale as a result of any such Asset Sale to any level below BB- / Ba3 (provided to the extent that one of the Index Debt Ratings is below such level and the other is not, this requirement shall be deemed to be satisfied), and (y) after giving effect to such Asset Sale,
Pro Forma Excess Availability shall be greater than the Threshold Amount; 
 (b) At any time when Excess Availability is
below the Threshold Basket Amount, consummate any Asset Sale 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 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)
[Reserved]; 
 (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 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); 

  
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 (viii) dispositions of immaterial, damaged, surplus or obsolete assets in the
ordinary course of business; 
 (ix) 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); 
 (x) to the extent Asset Sales, transactions permitted by Sections 6.03, 6.05
and 6.07; 
 (xi) Asset Sales of Cash Equivalents; 

(xii) leases, subleases, licenses or sublicenses, that do not materially interfere with the business of the Companies, taken as
a whole; 
 (xiii) transfers of property subject to Casualty Events upon receipt of the Net Cash Proceeds of such Casualty
Event; 
 (xiv) 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 Event of Default exists), no Event of Default shall exist or would result from
such Asset Sale, and (ii) the aggregate fair market value of all property disposed of in reliance on this clause (xiv) on or after the Effective Date shall not exceed the sum of (a) $100,000,000 plus (b) commencing with the
calendar year in which the Effective Date occurs, $50,000,000 per calendar year (with any unused amount in any calendar year being carried over to the succeeding calendar years until used). 

(xv) 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; 

(xvi) to the extent, if any, constituting an Asset Sale, Asset Sales of accounts receivable or notes receivable in the ordinary
course of business in connection with the collection or compromise thereof; 
 (xvii) any issuance or sale of Equity
Interests in, or Indebtedness or other securities of, an Excluded Subsidiary; 
 (xviii) the unwinding of any Hedging
Agreement pursuant to its terms; and 
 (xix) Asset Sales of any MLP Drop Down and Railcar Assets to any Affiliate of a Loan
Party. 

  
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 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 (or any direct or indirect parent company thereof) to permit Parent (or any direct or indirect parent
company thereof), and the subsequent use of such payments by Parent (or any direct or indirect parent company thereof), to repurchase or redeem Qualified Capital Stock of Parent (or any direct or indirect parent company thereof) 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,
$20,000,000 (and up to 100% of such $20,000,000 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; 

(d) any Dividends, provided, that after giving effect to any such Dividend, (I) either (a) Pro Forma Excess
Availability shall be greater than the Threshold Basket Amount or (b) (x) Pro Forma Excess Availability shall be greater than 15% of the lesser of the then existing Borrowing Base and the then current aggregate Revolving Commitments of the
Lenders at such time (but in no event less than $185,000,000) and (y) Borrowers shall be in compliance with the financial covenant set forth in Section 6.09(a) on a pro forma basis after giving effect to such Dividend, and
(II) no Event of Default shall have occurred or shall result therefrom; 
 (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; 

  
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 (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; 
 (i) Parent may pay cash in lieu of fractional
Equity Interests in connection with any dividend, split or combination thereof or any Permitted Acquisition; 
 (j) the
declaration and payment of dividends to Parent (or any direct or indirect parent company thereof) to permit Parent (or any direct or indirect parent company thereof), and the subsequent use of such payments by Parent (or any direct or indirect
parent company thereof), to declare and pay dividends on Parent’s common Equity Interests in an aggregate amount per annum not to exceed $150,000,000; and 

(k) any Dividend paid within 90 days after the date of declaration of such Dividend, if at the date of declaration, the
Dividend payment would have complied with the provisions of this Section 6.07. 
 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 (taken on a whole) 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: 

  
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 (a) Dividends permitted by Section 6.07; 

(b) Investments permitted by Sections 6.04(e), (f) or (v); and any transactions permitted by
Sections 6.04(v) or 6.06(b)(xix); 
 (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 (or any direct or indirect parent company thereof) 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
(or any Equity Interests of any direct or indirect parent company thereof); 
 (g) [Reserved]; 

(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) (i) customary service agreements by and among any of the Companies and any of their Affiliates and (ii) 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; and 

(n) transactions pursuant to permitted agreements in existence on the 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. 

  
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 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) $100,000,000, and until such time as Excess Availability is greater than the Financial Covenant Testing Amount and $100,000,000 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 1.0 to 1.0 (“Fixed Charge Coverage Ratio”). 

(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 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) any payment or prepayment resulting from a refunding, replacement or defeasance 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 under this clause (iv); provided, that both before and after giving effect to such prepayment or redemption
(I) either (A) Pro Forma Excess Availability shall be greater than the Threshold Basket Amount or (B) (x) Pro Forma Excess Availability shall be greater than 15% of the lesser of the then existing Borrowing Base and the then current
aggregate Revolving Commitments of the Lenders at such time, but in no event less than $185,000,000, and (y) 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, and (II) no Event of Default shall have occurred or shall result 

  
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therefrom; (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 Effective Date and, to extent set forth in an agreement evidencing Indebtedness, restrictions 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) customary provisions in any industrial revenue bond, industrial development bond, tax exempt bond, pollution control bond, project financing and/or or
similar financings (xii) 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; (xiii) customary
restrictions on leases, subleases, licenses, asset sale or similar agreements, including with respect to intellectual property and other similar agreements, otherwise permitted hereby so long as such restrictions relate to the assets subject
thereto; (xiv) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of any Company; (xv) customary provisions restricting assignment of any agreement; (xvi) restrictions on cash or
other deposits imposed by customers under contracts entered into in the ordinary course of business or otherwise permitted hereunder; (xvii) the Oil Supply Agreements and/or the Off-Take Agreements;
(xviii) obligations under any Hedging Agreements; (xix) customary provisions restricting assignment of any agreement entered into in connection with a Sale and Leaseback Transaction permitted under Section 6.03 or (xx) the
indenture and other operative documents for the High Yield Indebtedness or Indebtedness permitted under Sections 6.01(e), (r), (s), (u), (v), (aa), (bb), (cc), and (dd) and any Permitted
Refinancing Indebtedness thereof. 

  
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 Section 6.12 Business. 

With respect to Holdings, Paulsboro, Delaware City, Toledo, Chalmette, Torrance and the other (direct or indirect) Subsidiaries of Holdings,
engage (directly or indirectly) in any material line of business which is substantially different from those lines of business conducted on the Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or
reasonable extensions` thereof (including any geographic expansion of the business). 
 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. 
 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 to
the extent designated by the Borrowers as a “Guaranteed Obligation”, in each case strictly in accordance with the terms thereof; provided, however, that notwithstanding anything to the contrary in this Agreement or in any
other Loan Document, “Guaranteed Obligations” of any Loan Party will not include in any event its Excluded Swap Obligations 

  
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(such obligations (other than such Excluded Swap 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 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, any 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 

  
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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 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. 

  
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 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 grant any Collateral owned by it pursuant to any Security Document 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 Banks, the Swingline Lender and the Lenders, and each Subsidiary Guarantor shall remain liable to the Administrative Agent, the Issuing Banks, the Swingline Lender and the Lenders for
the full amount guaranteed by such Subsidiary Guarantor hereunder. 

  
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 ARTICLE VIII 

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: 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; 
 (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 to the 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, 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 $100,000,000 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; 

  
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 (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 $100,000,000, 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 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 final judgments, orders or decrees for the payment of money in an aggregate amount in excess of $100,000,000 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 which action
shall not be effectively stopped for a period of 30 consecutive days; 
 (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 in respect of obligations in excess of $100,000,000; 
 (k) any
security interest and Lien in any material portion of the Collateral 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 

  
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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 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; 

  
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 (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; 

(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 each of the Issuing Banks hereby irrevocably appoints Bank of America, N.A., to act on its behalf as the
Administrative Agent and Bank of America, N.A., to act on its behalf as Collateral Agent 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 Collateral Agent, the Lenders and the
Issuing Banks, and neither Borrowers nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. 

  
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 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. 

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 an 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 Collateral Agent 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. 

  
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 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. 

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 an Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender
or such Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or such 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 Banks 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 Banks, 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 Banks under any of the Loan Documents, the retiring Administrative Agent shall
continue to hold such collateral security as nominee until such time as 

  
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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 each 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, 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 Bank of America, N.A. as
Administrative Agent pursuant to Section 9.06(a) shall, unless Bank of America, N.A. gives notice to Borrowers otherwise, also constitute its resignation as an Issuing Bank and Swingline Lender, and such resignation as an 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 such 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 an 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 Bank of America, N.A. 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 an 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 each 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 each 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. 

  
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 Section 9.08 Withholding Tax. 

To the extent required by any applicable Requirement of Law, the Administrative Agent may withhold from any payment to any Lender any Tax
required to be withheld. Without limiting the provisions of Section 2.15(a) or (c), each Lender and each Issuing Bank shall, and does hereby, indemnify the Administrative Agent, and shall make payable in
respect thereof within 30 days after demand therefor, against (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and
without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.04(d) relating to the maintenance of a Participant Register and (iii) any
Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the Internal Revenue Service or any other Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender or any Issuing Bank by the Administrative Agent
shall be conclusive absent manifest error. Each Lender and each Issuing Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or such 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, the Collateral Agent, a Lender or an 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 all the Issuing Banks; 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 Banks or the Swingline Lender from exercising the
rights and remedies that inure to their benefit (solely in their 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: Trecia M. Canty 

Telecopier No.: (973) 455-7560 

Email:trecia.canty@pbfenergy.com 

with a copy to: 

PBF Energy Inc. 

1 Sylvan Way, 2nd Floor 

Parsippany, NJ 07054-3887 

Attention: John Luke 

Telecopier No.: (973) 455-7560 

Email:john.luke@pbfenergy.com 

and with a copy to: 

Paul Hastings LLP 

200 Park Avenue 

New York, New York 10166 

Attention: Andres C. Mena, Esq. 

Telecopier No.: 212-230-7740 

Email: andresmena@paulhastings.com 

(ii)     if to the Administrative Agent, Collateral Agent, Issuing Bank or Swingline Lender, to it at: 

Bank of America, N.A. 

4 Penn Center, Suite 1100 

1600 JFK Boulevard 

Philadelphia, PA 19103 

Attention: William J. Wilson 

Telecopier No.: (312) 453-5076 

Email: william.j.wilson@baml.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 

and 

  
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 (iii)     if to a Lender or an Issuing Bank, to it at its
address (or telecopier number) set forth in its Administrative Questionnaire. 
 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 Banks and the Swingline Lender. 

(b) Electronic Communications. Notices and other communications to the Lenders and the Issuing Banks 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 any Issuing Bank pursuant to Article II if such Lender or such 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 Collateral Agent or Borrowers may, in their 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 such
e-mail address(es) provided to Borrowers from time to time by the Administrative Agent 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, any 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 any such 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. 

  
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 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 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. 

  
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 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, any 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 Banks 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 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 any 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 Collateral Agent (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 and adversely affected thereby (it being understood 

  
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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 and
adversely affected thereby; 
 (iv) increase the maximum duration of Interest Periods hereunder, without the written consent
of each Lender directly and adversely 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; 
 (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 and 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 and 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; 

  
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 (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 Banks; 
 (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 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 Collateral Agent 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: 

(1) 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 

(2) 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; 

  
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 (c) Collateral. Without the consent of any other person, the applicable
Loan Party or Parties and the Administrative Agent and/or Collateral Agent 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 Collateral Agent 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 Collateral Agent) 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, 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 any 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 Collateral Agent, any Lender or any 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. 

  
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 (b) Indemnification by Borrowers. Borrowers shall indemnify the
Administrative Agent (and any sub-agent thereof), the Collateral Agent (and any sub-agent thereof) each Lender and each 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 an 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 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 against any Joint Lead Arranger in its capacity or fulfilling its role as Administrative Agent, 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 Collateral Agent, the Issuing Banks, 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 Collateral Agent (or any sub-agent thereof), the Issuing Banks, 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 Collateral Agent (or any sub-agent thereof), the Swingline Lender or the Issuing Banks in their
capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the Collateral Agent (or any
sub-agent thereof), the Swingline Lender or Issuing Banks in connection with such capacity and (ii) such indemnity for the Swingline Lender or the Issuing

  
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Banks shall not include losses incurred by the Swingline Lender or the Issuing Banks 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 Banks’ 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 hereunder without the prior written consent of the Administrative Agent, the
Collateral Agent, the Issuing Banks, 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: 

  
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 (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) Bank of America, N.A. as Issuing Bank and as 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 $5,000,000 (with increments of $1,000,000 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); 

(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.

  
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 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 absent manifest error, and Borrowers, the Administrative Agent, the Issuing Banks 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, any Issuing Bank (with respect to Revolving Lenders only), the Collateral Agent, 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 Banks 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 Banks shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. 
 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, including, for the avoidance of doubt, delivery of the forms required under Section 2.15(e) (it being understood that the documentation required
under Section 2.15(e) shall be delivered to the participating Lender)) 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. 

  
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 Each Lender that sells a participation shall, acting solely for this purpose as
a non-fiduciary 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”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. 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. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

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). 
 (e) 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 or any other central bank having
jurisdiction over such Lender; 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. 

(f) 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, any 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 such 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, each 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 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, such 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 such Issuing Bank,
irrespective of whether or not such Lender or such 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 such Issuing Bank different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, each Issuing Bank and their respective Affiliates

  
 152 

 
under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Issuing Bank or their respective Affiliates may have. Each Lender and
each 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 sitting in New York County, 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, any 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. 

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. 

  
 153 

 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 Banks 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, service
providers, 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, any 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 any 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 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 prior to the Effective 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. 

  
 154 

 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 Acknowledgment and Consent to
Bail-In of EEA Financial Institutions. 
 Notwithstanding anything to the contrary in any
Loan Document or in any other agreement, arrangement or understanding among the parties, each party hereto (including each Secured Party) acknowledges that, with respect to any Secured Party that is an EEA Financial Institution, any unsecured
liability of such Secured Party arising under a Loan Document may be subject to the write-down and conversion powers of an EEA Resolution Authority, and each party hereto agrees and consents to, and acknowledges and agrees to be bound by,
(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liability which may be payable to it by such Secured Party; and (b) the effects of any Bail-in
Action on any such liability, including (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent, or a bridge institution that may be issued to the party or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability
under any Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of any Write-Down and Conversion Powers. 

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; 
 (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; 

  
 155 

 (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 Banks), 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 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”) 

  
 156 

 
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. 

[Signature Pages Follow] 

  
 157 

 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/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 DELAWARE CITY REFINING COMPANY LLC, as a Borrower

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 PAULSBORO REFINING COMPANY LLC, as a Borrower

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 TOLEDO REFINING COMPANY LLC, as a Borrower

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 CHALMETTE REFINING L.L.C., as a Borrower

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 TORRANCE REFINING COMPANY LLC, as a Borrower

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer

  
 Signature Page to Credit
Agreement 

 
			
	 PBF POWER MARKETING, LLC, as a Subsidiary Guarantor

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	PBF INVESTMENTS LLC, as a Subsidiary Guarantor
		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 PBF FINANCE CORPORATION, as a Subsidiary Guarantor

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 PBF SERVICES COMPANY LLC, as a Subsidiary Guarantor

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 PBF ENERGY WESTERN REGION LLC, as a Subsidiary Guarantor

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 TORRANCE LOGISTICS COMPANY LLC, as a Subsidiary Guarantor

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer
	
	 PBF INTERNATIONAL INC., as a Subsidiary Guarantor

		
	By:	 	 /s/ John E. Luke

	Name: John E. Luke
	Title: Treasurer

  
 Signature Page to Credit
Agreement 

 
			
	 BANK OF AMERICA, N.A., as an Issuing Bank, Administrative Agent, Collateral
Agent, Swingline Lender and a Lender

		
	By:	 	 /s/ William J. Wilson

	Name: William J. Wilson
	Title: Senior Vice President

  

  
 Signature Page to Credit
Agreement 

 
			
	BNP Paribas, as an Issuing Bank and a Lender
		
	By:	 	 /s/ Delphine Gaudiot

		 	 Name: Delphine Gaudiot
 Title:
Director

		
	By:	 	 /s/ Christine Dirringer

		 	 Name: Christine Dirringer
 Title: Managing
Director

  
 Signature Page to Credit
Agreement 

 
			
	CITIBANK, N.A., as an Issuing Bank and a Lender
		
	By:	 	 /s/ David L. Smith

		 	Name: David L. Smith
		 	Title: Vice President and Director

  
 Signature Page to Credit
Agreement 

 
			
	 Credit Agricole Corporate & Investment
Bank, as an Issuing Bank and 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 Credit
Agreement 

 
			
	 Deutsche Bank Trust Company Americas, as an Issuing Bank and a
Lender

		
	By:	 	 /s/ Chris Chapman

		 	Name: Chris Chapman
		 	Title: Director
		
	By:	 	 /s/ Shai Bandner

		 	Name: Shai Bandner
		 	Title: Director

  
 Signature Page to Credit
Agreement 

 
			
	 MUFG BANK, LTD., as an Issuing Bank and a Lender

		
	By:	 	 /s/ Michael Oka

		 	 Name: Michael Oka
 Title: Managing
Director

  
 Signature Page to Credit
Agreement 

 
			
	 Natixis, New York Branch, as an Issuing Bank and a Lender

		
	By:	 	 /s/ Carlos Quinteros

		 	Name: Carlos Quinteros
		 	Title: Managing Director
		
	By:	 	 /s/ Ajay Prakash

		 	Name: Ajay Prakash
		 	Title: Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 ROYAL BANK OF CANADA, as an Issuing Bank and a Lender

		
	By:	 	 /s/ Kristan Spivey

		 	Name: Kristan Spivey
		 	Title: Authorized Signatory

  
 Signature Page to Credit
Agreement 

 
			
	 Wells Fargo Bank, N.A., as an Issuing Bank and a Lender

		
	By:	 	 /s/ Matt Harbour

		 	Name: Matt Harbour
		 	Title: Authorized Signatory

  
 Signature Page to Credit
Agreement 

 
			
	 Société Générale, as an Issuing Bank and a
Lender

		
	By:	 	 /s/ Michiel Van Der Voort

		 	Name: Michiel Van Der Voort
		 	Title: Managing Director

  
 Signature Page to Credit
Agreement 

 
			
	 ABN AMRO Capital USA LLC as a Lender

		
	By:	 	 /s/ Suzanne Durney

		 	Name: Suzanne Durney
		 	Title: Managing Director
		
	By:	 	 /s/ Thomas B. Pinckney

		 	Name: Thomas B. Pinckney
		 	Title: Vice President

  
 Signature Page to Credit
Agreement 

 
			
	BARCLAYS BANK PLC., as a Lender
		
	By:	 	 /s/ Sydney G. Dennis

		 	Name: Sydney G. Dennis
		 	Title: Director

  
 Signature Page to Credit
Agreement 

 
			
	Sun Trust Bank, as a Lender
		
	By:	 	 /s/ Melissa Mok

		 	Name: Melissa Mok
		 	Title: Vice President

  
 Signature Page to Credit
Agreement 

 
			
	REGIONS BANK, as a Lender
		
	By:	 	 /s/ Darius Sutrinaitis

		 	Name: Darius Sutrinaitis
		 	Title: Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 Sumitomo Mitsui Banking Corporation, as a Lender

		
	By:	 	 /s/ James D. Weinstein

		 	Name: James D. Weinstein
		 	Title: Managing Director

  
 Signature Page to Credit
Agreement 

 
			
	HSBC BANK USA, N.A., as a Lender
		
	By:	 	 /s/ Wadie Habiby

		 	Name: Wadie Habiby
		 	Title: SVP, Corporate Banking

  
 Signature Page to Credit
Agreement 

 
			
	 NYCB SPECIALTY FINANCE COMPANY, LLC

    a wholly owned subsidiary of New York

    Community Bank, as a Lender

		
	By:	 	 /s/ Willard D. Dickerson, Jr.

		 	Name: Willard D. Dickerson, Jr.
		 	Title: Senior Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as a Lender

		
	By:	 	 /s/ Chan K. Park

		 	Name: Chan K. Park
		 	Title: Managing Director
		
	By:	 	 /s/ Michael A. Katz

		 	Name: Michael A. Katz
		 	Title: Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 THE TORONTO-DOMINION BANK, NEW YORK BRANCH, as a Lender

		
	By:	 	 /s/ Annie Dorval

		 	Name: Annie Dorval
		 	Title: Authorized Signatory

  
 Signature Page to Credit
Agreement 

 
			
	COMPASS BANK as a Lender
		
	By:	 	 /s/ Michael Sheff

		 	Name: Michael Sheff
		 	Title: Sr. Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 CITIZENS BANK, N.A., as an Issuing Bank and a Lender

		
	By:	 	 /s/ Scott Donaldson

		 	Name: Scott Donaldson
		 	Title: Senior Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender

		
	By:	 	 /s/ Mikhail Faybusovich

		 	 Name: Mikhail Faybusovich
 Title: Authorized
Signatory

		
	By:	 	 /s/ Christopher Zybrick

		 	 Name: Christopher Zybrick
 Title: Authorized
Signatory

  
 Signature Page to Credit
Agreement 

 
			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	 /s/ Kristina M. Miller

		 	Name: Kristina M. Miller
		 	Title: Senior Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 GOLDMAN SACHS BANK USA, as a Lender

		
	By:	 	 /s/ Annie Carr

		 	Name: Annie Carr
		 	Title: Authorized Signatory

  
 Signature Page to Credit
Agreement 

 
			
	 ING CAPITAL LLC, as a Lender

		
	By:	 	 /s/ Steven G. Fleenor

		 	Name: Steven G. Fleenor
		 	Title: Managing Director
		
	By:	 	 /s/ Jeffrey Chu

		 	Name: Jeffrey Chu
		 	Title: Vice President

  
 Signature Page to Credit
Agreement 

 
			
	CITY NATIONAL BANK, as a Lender
		
	By:	 	 /s/ Todd Nakamoto

		 	Name: Todd Nakamoto
		 	Title: Senior Vice President

  
 Signature Page to Credit
Agreement 

 
			
	 People’s United Bank, National Association, as a Lender

		
	By:	 	 /s/ Adam Seiden

		 	Name: Adam Seiden
		 	Title: SVP

  
 Signature Page to Credit
Agreement 

 
			
	 SIEMENS FINANCIAL SERVICES, INC., as a Lender

		
	By:	 	 /s/ Jeffrey B. Iervese

		 	Name: Jeffrey B. Iervese
		 	Title: Vice President
		
	By:	 	 /s/ Michael L. Zion

		 	Name: Michael L. Zion
		 	Title: Vice President
		 	 Siemens Financial Services, Inc.

  
 Signature Page to 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	 	 	Letter of
Credit Fee	 
	 £ B2
	  	 	£ B+	 	  	 	1.00	% 	 	 	2.00	% 	 	 	1.75	% 
	 Ba3
	  	 	BB-	 	  	 	0.75	% 	 	 	1.75	% 	 	 	1.50	% 
	 Ba2
	  	 	BB	 	  	 	0.50	% 	 	 	1.50	% 	 	 	1.25	% 
	 3 Ba1
	  	 	3 BB+	 	  	 	0.25	% 	 	 	1.25	% 	 	 	1.00	% 

 “Index Debt Rating” for purposes of the above grid and Section 6.06 herein shall
mean the then “corporate family rating” in the case of Moody’s Investors Service Inc. and the then “corporate credit rating” in the case of Standard & Poor’s Ratings Group in respect of Holdings;
provided, however, in the event Holdings is unable to obtain such a rating, then the Administrative Agent and Borrowers shall endeavor in good faith to promptly designate an alternative rating or metric to constitute the “Index
Debt Rating” and references herein to the “Index Debt Rating” shall be amended accordingly with the sole consent of the Administrative Agent and Borrowers; provided, that, until so amended, such “Index Debt
Rating” shall be deemed to be the most recent rating with respect to Holdings then available; provided, further, that, if the Index Debt Ratings established by Standard & Poor’s Ratings Group and Moody’s
Investors Service Inc. shall fall within different categories, the higher of the two Ratings shall be the only applicable “Index Debt Rating” for all purposes hereunder. 

 Annex II 

ACCOUNT DEBTORS 
 On
file with the Company 

 Annex III 

HYDROCARBON INVENTORY INSURANCE 

INSURANCE 
 On file
with the Company 

 Annex IV 

REVOLVING COMMITMENTS AND LC COMMITMENTS 
  

													
	 Lender
	  	Revolving
Commitment	 	  	Issuing Bank
Y/N	 	  	LC Commitment	 
	Bank of America, N.A.	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	 
	ABN AMRO Capital USA LLC	  	$	200,000,000	 	  	 	N	 	  			
	BNP Paribas	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	* 
	Citibank, N.A.	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	 
	Credit Agricole Corporate and Investment Bank	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	 
	Deutsche Bank Trust Company Americas	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	 
	MUFG Bank, Ltd.	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	 
	Natixis, New York Branch	  	$	200,000,000	 	  	 	Y	 	  	$	500,000,000	 
	Royal Bank of Canada	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	† 
	Wells Fargo Bank, National Association	  	$	200,000,000	 	  	 	Y	 	  	$	200,000,000	 
	Barclays Bank PLC	  	$	125,000,000	 	  	 	N	 	  			
	Societe Generale	  	$	125,000,000	 	  	 	Y	 	  	$	200,000,000	 
	SunTrust Bank	  	$	125,000,000	 	  	 	N	 	  			
	Regions Bank	  	$	125,000,000	 	  	 	N	 	  			
	Sumitomo Mitsui Banking Corporation	  	$	125,000,000	 	  	 	N	 	  			
	HSBC Bank USA, N.A.	  	$	100,000,000	 	  	 	N	 	  			
	NYCB Specialty Finance Company, LLC	  	$	100,000,000	 	  	 	N	 	  			
	COOPERATIVE RABOBANK U.A., New York Branch	  	$	100,000,000	 	  	 	N	 	  			
	The Toronto-Dominion Bank, New York Branch	  	$	100,000,000	 	  	 	N	 	  			
	Compass Bank	  	$	50,000,000	 	  	 	N	 	  			
	Citizens Bank N.A.	  	$	50,000,000	 	  	 	Y	 	  	$	75,000,000	 
	Credit Suisse AG, Cayman Islands Branch	  	$	50,000,000	 	  	 	N	 	  			
	Fifth Third Bank	  	$	50,000,000	 	  	 	N	 	  			
	Goldman Sachs Bank USA	  	$	50,000,000	 	  	 	N	 	  			
	ING Capital LLC	  	$	50,000,000	 	  	 	N	 	  			
	City National Bank	  	$	25,000,000	 	  	 	N	 	  			
	People’s United Bank, National Association	  	$	25,000,000	 	  	 	N	 	  			
	Siemens Financial Services	  	$	25,000,000	 	  	 	N	 	  			
	TOTAL:	  	$	3,400,000,000	 	  				  	$	2,375,000,000	 

  

	* 	With respect to existing Letters of Credit set forth on Schedule 1.01(e), such higher amount as is set forth on such Schedule 1.01(e). 

	† 	Solely with respect to Standby Letters of Credit. 

 SCHEDULES TO 

SENIOR SECURED REVOLVING CREDIT AGREEMENT 

dated as of May 2, 2018 

among 
 PBF HOLDING
COMPANY LLC, 
 DELAWARE CITY REFINING COMPANY LLC, 

PAULSBORO REFINING COMPANY LLC, 

TOLEDO REFINING COMPANY LLC, 

CHALMETTE REFINING, L.L.C., and 

TORRANCE REFINING COMPANY LLC 

as Borrowers, 
 and

 THE OTHER LOAN PARTIES PARTY HERETO, 

as Loan Parties, 
 THE
LENDERS PARTY HERETO, 
 BANK OF AMERICA, N.A., 

as Administrative Agent, Collateral Agent, and as Swingline Lender, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

ABN AMRO CAPITAL USA LLC, 

BNP PARIBAS, 
 CITIBANK,
N.A., 
 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

MUFG BANK, LTD., 

NATIXIS, NEW YORK BRANCH, 

ROYAL BANK OF CANADA, and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents, 

and 
 BARCLAYS BANK PLC,

 SOCIETE GENERALE, 

SUNTRUST BANK, 
 REGIONS
BANK, and 
 SUMITOMO MITSUI BANKING CORPORATION, 

as a Co-Documentation Agents 

 Schedule 1.01(b) 

INTERCREDITOR AGREEMENTS 
 EACH OF
THE TWO INTERCREDITOR AGREEMENTS, dated as of May 2, 2018 by and among J. ARON & COMPANY LLC, BANK OF AMERICA, N.A., in its capacity as Revolving Agent, for itself and on behalf of the Revolving Lenders, PBF HOLDING COMPANY LLC,
PAULSBORO REFINING COMPANY LLC, DELAWARE CITY REFINING COMPANY LLC, TOLEDO REFINING COMPANY LLC. 

 Schedule 1.01(c) 

MLP DROP DOWN AND RAILCAR ASSETS 

MLP Dropdown Assets 
 The following
property, including without limitation, Equipment and Real Property located thereon and/or related thereto, including any and all expansions or replacements thereof, additions thereto and improvements thereon: 

Delaware City Refinery Heavy Crude Oil Terminal. 

Heavy crude oil terminal and unloading facility located at the Delaware City Refinery. 

Delaware City Marine Terminal. Marine terminal located on the Delaware River for receipt of crude oil, feedstocks and products, and shipment of
crude oil, feedstocks and products, by the Delaware City Refinery via ship and barge at docks located on the Delaware River. 
 Paulsboro Marine
Terminal. Marine terminal located on the Delaware River for receipt of crude oil, feedstocks and products, and shipment of crude oil, feedstocks and products, by the Paulsboro Refinery. 

Delaware City LPG Rack. LPG rack consisting of a 6 rail loading and unloading LPG rack located adjacent to the Delaware City Refinery. 

Paulsboro Rail Terminal: Railcar terminal at the Paulsboro refinery used to transport refined products such as lube oils to various locations
throughout the Northeast and other regions in the United States. 
 Rail Cars. Owned or leased general purpose and coiled and insulated rail
cars. 
 Delaware City Storage Facility. Storage facility with approximately 10.0 million barrels of total storage capacity. 

Paulsboro Storage Facility. Storage facility with approximately 7.5 million barrels of total storage capacity. 

Chalmette Truck Rack. Truck loading rack adjacent to the Chalmette refinery. 

50% Interest in Torrance Valley Pipeline Company LLC. 

Chalmette Rail Assets. Railcar assets at the Chalmette refinery. 

Toledo Rail Assets. Railcar assets at the Toledo refinery. 

Delaware City Ethanol Assets. Ethanol related assets at the Delaware City Refinery. 

Torrance Logistics Assets. The Vernon and Atwood Terminals and the RDC Warehouse and related assets. 

Delaware City Sit Yard and East Unloading Rack. 

Chalmette Marine Facilities. 
 Chalmette
Storage Facilities. 
 Torrance Storage Facility and associated tankage. 

MOEM Pipeline and CAM Pipeline Connection. 

Chalmette Coker 1 (idled). 
 Paulsboro Truck
and Rail Loading facilities for lube oils and asphalt.
 Port of LA Southwest Terminal areas 1 and 2 and related assets. 

 Schedule 1.01(d) 

SUBSIDIARY GUARANTORS 
  

	1)	PBF Power Marketing LLC, a Delaware limited liability company 

  

	2)	PBF Investments LLC, a Delaware limited liability company 

  

	3)	PBF Finance Corporation, a Delaware corporation 

  

	4)	PBF Services Company LLC, a Delaware limited liability company 

  

	5)	PBF International Inc., a Delaware corporation 

  

	6)	PBF Energy Western Region LLC, a Delaware limited liability company 

  

	7)	Torrance Logistics Company LLC, a Delaware limited liability company 

 Schedule 1.01(e) 

EXISTING LETTERS OF CREDIT 

On file with the Company 

 Schedule 2.22 

BLOCKED ACCOUNTS 

On file with the Company 

 Schedule 3.03 

GOVERNMENTAL APPROVALS; COMPLIANCE WITH LAWS 

None. 

 Schedule 3.08 

LITIGATION 
 None other than as
disclosed in Holdings’ periodic filings with the U.S. Securities and Exchange Commission. 

 Schedule 3.18 

ENVIRONMENTAL MATTERS 
 None other than as
disclosed in Holdings’ periodic filings with the U.S. Securities and Exchange Commission. 

 Schedule 3.19 

INSURANCE 
 On file
with the Company 

 Schedule 3.22 

MATERIAL INVENTORY 
 On
file with the Company 

 Schedule 5.01 

INTERNET OR WEBSITE ADDRESS 

www.pbfenergy.com 

 Schedule 6.0l(b) 

EXISTING INDEBTEDNESS 
  

	1.	7% Senior Notes due 2023, issued on November 24, 2015 by PBF Holding Company LLC and PBF Finance Corporation in an aggregate principal amount of $500,000,000. 

 

	2.	7.25% Senior Notes due 2025, issued on May 30, 2017 by PBF Holding Company LLC and PBF Finance Corporation in an aggregate principal amount of $725,000,000. 

 

	3.	Lease obligations under the RAIL EQUIPMENT NET LEASING AGREEMENT NO. 26673- 90000, dated as of December 30, 2013, by and between BANC OF AMERICA LEASING & CAPITAL, LLC, a Delaware limited liability
company, having an office at One Financial Plaza, Providence, RI 02903 and PBF Holding Company LLC, a Delaware limited liability company with its principal place of business at One Sylvan Way, Parsippany, NJ 07054 and the schedules thereunder
(collectively, the “Bank of America Master Lease”), including the obligations of Delaware City Refining Company LLC, Toledo Refining Company LLC and/or Paulsboro Refining Company LLC as guarantors of such lease obligations
(collectively, the “Bank of America Master Lease Guarantees”). 

  

	4.	Lease obligations under the MASTER NET RAILCAR LEASE is made as of September 30, 2013 between CIT RAIL, LLC, a Delaware corporation, and PBF Holding Company LLC, a Delaware limited liability company and the schedules
thereunder (collectively, the “CIT Master Lease”). 

  

	5.	Rail Equipment Net Leasing Agreement between PBF Holding Company LLC and Key Equipment Finance, a Division of KeyBank National Association dated as of December 31, 2014 and the schedules thereunder.

  

	6.	Loan Agreement dated as of December 22, 2016 between PBF Rail Logistics Company LLC, as Borrower, and DVB BANK SE, as Lender. 

  

	7.	Master Agreement relating to Catalyst at the Paulsboro Refinery dated December 5, 2013 between DB Energy Trading and Paulsboro Refining Company LLC. 

 

	8.	Uncommitted Platinum Loan Facility Agreement dated October 17, 2013, as amended, between Royal Bank of Canada and Delaware City Refining Company LLC 

 

	9.	Master Agreement for the Lease of Unallocated Metals, dated as of November 13, 2015 between Natixis and Delaware City Refining Company LLC 

 

	10.	Fee Consignment and/or Purchase of PGM Agreement, dated November 12, 2015 between the Bank of Nova Scotia and Chalmette Refining, L.L.C. 

 

	11.	Uncommitted Platinum Group Metal Loan Facility Agreement dated November 4, 2016 between HSBC Bank USA, National Association and Chalmette Refining Company L.L.C. 

 

	12.	Platinum Metals Lease, dated October 21, 2016 between Natixis and Paulsboro Refining Company LLC 

  

	13.	Master Agreement relating to Catalyst at Toledo Refinery, dated June 29, 2017 between Toledo Refining Company LLC and Natixis 

  

	14.	Uncommitted Platinum Group Metal Loan Facility Agreement dated July 8, 2016 between Royal Bank of Canada and Torrance Refining Company LLC 

	15.	To the extent not set forth above, Indebtedness secured by the Liens set forth on Schedule 6.02(c). 

  

	16.	The following intercompany notes: 

  

											
	 Payor
	  	 Payee
	  	 Current
Outstanding
Principal

Amount and
accrued interest
 of
loans
	  	 Date of
Issuance
	  	 Interest rate
	  	 Maturity Date

	 PBF Energy Company LLC
	  	 PBF Energy Inc.
	  	$321,459,600	  	04/10/2015	  	2.5% or as otherwise agreed	  	04/10/2020 or as otherwise agreed

  

	*	The notes do not have a stated amount. 

 Schedule 6.0l(e) 

EXISTING RAILCAR FINANCINGS 
  

	1.	Bank of America Master Lease and Bank of America Master Lease Guarantees (each as defined in Schedule 6.01(b)). 

  

	2.	CIT Master Lease (as defined in Schedule 6.01(b)). 

  

	3.	Rail Equipment Net Leasing Agreement between PBF Holding Company LLC and Key Equipment Finance, a Division of KeyBank National Association dated as of December 31, 2014 and the schedules thereunder.

  

	4.	LOAN AGREEMENT dated as of December 22, 2016 between PBF RAIL LOGISTICS COMPANY LLC, as Borrower, and DVB BANK SE, as Lender. 

 Schedule 6.02(c) 

EXISTING LIENS 
  

									
	 No.
	  	 Debtor
	  	 Secured Party
	  	 Jurisdiction and File
Number
	  	 Collateral Description

	1.	  	PBF Holding Company LLC	  	J. Aron & Company	  	 Delaware: 2013
 2545474

 
 Delaware: 2017

4246820
 (amendment)

 
 Delaware: 2017

4246838
 (amendment)
	  	All refined petroleum products in connection with the Inventory Intermediation Agreements (as amended)
					
	2.	  	PBF Holding Company LLC	  	Lakeland Bank	  	 Delaware: 2014
 1380377
	  	Leased equipment
					
	3.	  	PBF Holding Company LLC	  	BNP Paribas (Suisse) SA	  	Delaware: 2016 8066464	  	All receivables sold
					
	4.	  	Paulsboro Refining Company LLC	  	John Crane Inc.	  	 Delaware: 2012
 4614840
	  	Leased equipment
					
	5.	  	Paulsboro Refining Company LLC	  	J. Aron & Company	  	 Delaware: 2013
 2544832

 
 Delaware: 2017

4246788
 (amendment)

 
 Delaware: 2017

4246796
 (amendment)
	  	All refined petroleum products in connection with the Inventory Intermediation Agreement (as amended)
					
	6.	  	Paulsboro Refining Company LLC	  	Natixis	  	 Delaware: 2015
 2632254
	  	All catalyst leased or cosigned by secured party to debtor pursuant to the Master Agreement
					
	7.	  	Paulsboro Refining Company LLC	  	Wells Fargo Equipment Finance, Inc.	  	Delaware: 2018 1923230	  	Leased equipment
					
	8.	  	Toledo Refining Company LLC	  	John Crane Inc.	  	Delaware: 2014 0979633	  	Leased equipment
					
	9.	  	Toledo Refining Company LLC	  	GreatAmerica Financial Services Corporation	  	Delaware: 2014 2219285	  	Leased equipment
					
	10.	  	Toledo Refining Company LLC	  	GreatAmerica Financial Services Corporation	  	 Delaware: 2017 1906848
  

Delaware: 2017
 8502009

(amendment)
	  	Leased equipment (as amended)

									
					
	11.	  	Toledo Refining Company LLC	  	U.S. Bank Equipment Finance, a Division of U.S. Bank National Association	  	 Delaware: 2013
 2758804
	  	Leased equipment
					
	12.	  	Toledo Refining Company LLC	  	Natixis	  	Delaware: 2017 4290802	  	Leased platinum as described in Master Agreement
					
	13.	  	Delaware City Refining Company LLC	  	J. Aron & Company	  	 Delaware: 2013
 2544691

 
 Delaware: 2017

4246804
 (amendment)

 
 Delaware: 2017

4246812
 (amendment)
	  	All refined petroleum products in connection with the Inventory Intermediation Agreement (as amended)
					
	14.	  	Delaware City Refining Company LLC	  	Axiall Corporation	  	 Delaware: 2013
 3524478

 
 Delaware: 2014

0491977
 (amendment)
	  	Leased equipment
					
	15.	  	Delaware City Refining Company LLC	  	Natixis	  	 Delaware: 2015
 5356224
	  	Leased platinum as described in Master Agreement
					
	16.	  	Delaware City Refining Company LLC	  	Wells Fargo Equipment Finance, Inc.	  	Delaware: 2016 2190617	  	Leased equipment
					
	17.	  	Chalmette Refining, L.L.C.	  	John Crane Inc.	  	Delaware: 2010 0616197	  	Leased equipment
					
	18.	  	Chalmette Refining, L.L.C.	  	The Bank of Nova Scotia	  	Delaware: 2015 5327357	  	All platinum consigned by Secured party to Debtor
					
	19.	  	Chalmette Refining, L.L.C.	  	Modular Space Corporation	  	Delaware: 2016 1610268	  	Leased equipment

 Schedule 6.04(b) 

EXISTING INVESTMENTS 
  

	1.	Capital contributions from PBF Holding Company LLC to PBF Rail Logistics LLC in connection with railcar purchases. 

  

	2.	Capital contributions from PBF Energy Company LLC to PBF Holding Company LLC. 

  

	3.	To the extent constituting Investments, the transactions set forth on Schedule 6.08 below. 

  

	4.	Intercompany Note Payable by and between PBF Holding Company LLC and PBF Energy Inc. (current outstanding balance of $0) 

  

	5.	Intercompany Note Payable by and between PBF Holding Company LLC and PBF Energy Company LLC. (current outstanding balance of $0) 

  

	6.	Intercompany Note Payable by and between PBF Energy Company LLC and PBF Energy Inc. 

  

	7.	80% Ownership interest in Collins Pipeline Company and T&M Terminal Company 

  

	8.	100% ownership interest in PBF International Inc., DCR Storage and Loading LLC, Paulsboro Terminaling Company LLC, Chalmette Logistics Company LLC, Toledo Rail Logistics Company LLC, PBF Energy Limited, Torrance
Pipeline Company LLC, TVP Holding Company LLC and Torrance Basin Pipeline Company LLC. 

  

	9.	50% interest in Torrance Valley Pipeline Company LLC. 

 Schedule 6.08 

TRANSACTIONS WITH AFFILIATES 
  

	1.	Amended and Restated Limited Liability Company Agreement of PBF Energy Company LLC, dated as of December 12, 2012. 

  

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

 

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

  

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

  

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

  

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

  

	9.	Third Amended and Restated Limited Liability Company Agreement of Chalmette Refining, L.L.C. dated as of September 1, 2017. 

  

	10.	Amended and Restated Limited Liability Company Agreement of PBF Energy Western Region LLC dated as of September 1, 2017. 

  

	11.	Amended and Restated Limited Liability Company Agreement of Torrance Logistics Company LLC dated as of September 1, 2017. 

  

	12.	Amended and Restated Limited Liability Company Agreement of Torrance Refining Company LLC dated as of September 1, 2017. 

  

	13.	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. 

  

	14.	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. 

  

	15.	Second Amended and Restated Employment Agreement, dated as of December 17, 2012, by and between PBF Investments LLC and Matt Lucey. 

	16.	Amended and Restated Employment Agreement, dated as of December 17, 2012, by and between PBF Investments LLC and Thomas J. Nimbley. 

 

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

  

	18.	Second Amended and Restated Employment Agreement, dated as of December 7, 2017, by and between PBF Investments LLC and Jeffrey Dill. 

 

	19.	Employment Agreement, dated as of April 1, 2014, by and between PBF Investments LLC and Erik Young. 

  

	20.	Employment Agreement, dated as of April 1, 2014, by and between PBF Investments LLC and Timothy Paul Davis. 

  

	21.	Employment Agreement, dated as of September 29, 2015, by and between PBF Investments LLC and Trecia Canty. 

  

	22.	Employment Agreement dated as of September 4, 2014 between PBF Investments LLC and Thomas O’Connor. 

  

	23.	Contribution and Conveyance Agreement by and among PBF Logistics LP, PBF Logistics GP LLC, PBF Energy Inc., PBF Energy Company LLC, PBF Holding Company LLC, Delaware City Refining Company LLC, Delaware City Terminaling
Company LLC and Toledo Refining Company LLC dated as of May 8, 2014. 

  

	24.	Omnibus Agreement among PBF Holding Company LLC, PBF Energy Company LLC, a Delaware limited liability company, PBF Logistics GP LLC, a Delaware limited liability company, and PBF Logistics LP, a Delaware limited
partnership. 

  

	25.	Operation And Management Services and Secondment Agreement, dated as of May 14, 2014 by and among PBF Holding Company LLC, Delaware City Refining Company LLC, Toledo Refining Company LLC, PBF Logistics GP LLC, PBF
Logistics LP, and Delaware City Terminaling Company LLC. 

  

	26.	Delaware City Rail Terminaling Services Agreement by and between PBF Holding Company LLC and Delaware City Terminaling Company LLC. 

  

	27.	Transportation Services Agreement by and between PBF Holding Company LLC and PBF Rail Logistics Company LLC, including the guarantee of PBF Holding Company LLC’s obligations thereunder by Delaware City Refining
Company LLC, Paulsboro Refining Company LLC and Toledo Refining Company LLC. 

  

	28.	Toledo Truck Unloading & Terminaling Agreement by and between PBF Holding Company LLC and PBF Logistics LP. 

  

	29.	Services Agreements, as amended and restated from time to time, by and between PBF Holding Company LLC and each of the following: Delaware City Refining Company LLC, PBF Investments LLC, Paulsboro Refining Company LLC,
Toledo Refining Company LLC, PBF Power Marketing LLC, Paulsboro Natural Gas Pipeline Company LLC, PBF Services Company LLC, PBF Energy Company LLC, PBF Energy Limited and Delaware City Pipeline Company LLC. 

	30.	Services Agreements, as amended and restated from time to time, by and between Delaware City Refining Company LLC and each of the following: Paulsboro Refining Company LLC and Delaware City Pipeline Company LLC.

  

	31.	Services Agreements, as amended and restated from time to time, by and between PBF Power Marketing LLC and each of the following: Paulsboro Refining Company LLC and Delaware City Refining Company LLC. 

 

	32.	Acknowledgement and Indemnification Agreement by and between PBF Holding Company LLC and PBF Finance Corporation. 

  

	33.	Contribution Agreement dated as of February 15, 2017 by and between PBF Energy Company LLC and PBF Logistics LP. 

  

	34.	Contribution Agreement dated as of August 31, 2016 by and between PBF Energy Company LLC and PBF Logistics LP. 

  

	35.	First Supplemental Indenture, dated as of July 29, 2016, among PBF Western Region LLC, Torrance Refining Company LLC, Torrance Logistics Company LLC, Wilmington Trust, National Association and Deutsche Bank Trust
Company Americas 

  

	36.	Indenture dated as of November 24, 2015, among PBF Holding Company LLC, PBF Finance Corporation, the Guarantors named 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 Notes Collateral Agent and Form of 7.00% Senior Note. 

  

	37.	Amendment to the Inventory Intermediation Agreement dated as of May 4, 2017, among J. Aron & Company, PBF Holding Company LLC and Paulsboro Refining Company LLC. 

 

	38.	Amendment to the Inventory Intermediation Agreement dated as of May 4, 2017, among J. Aron & Company, PBF Holding Company LLC and Delaware City Refining Company LLC. 

 

	39.	Fifth Amended and Restated Operation and Management Services and Secondment Agreement dated as of February 28, 2017 among PBF Holding Company LLC, Delaware City Refining Company LLC, Toledo Refining Company LLC,
Torrance Refining Company LLC, Torrance Logistics Company LLC, PBF Logistics GP LLC , PBF Logistics LP, Delaware City Terminaling Company LLC, Delaware Pipeline Company LLC, Delaware City Logistics Company LLC, Toledo Terminaling Company LLC, PBFX
Operating Company LLC, Paulsboro Refining Company LLC, Paulsboro Natural Gas Pipeline Company LLC and Chalmette Refining L.L.C. 

  

	40.	Lease Agreement dated as of February 15, 2017 by and between PBFX Operating Company LLC and Chalmette Refining, L.L.C. 

  

	41.	Storage Services Agreement dated as of February 15, 2017 by and between PBFX Operating Company LLC and PBF Holding Company LLC. 

 

	42.	Form of Indemnification Agreement, dated December 12, 2012, between PBF Energy Inc. and each of the executive officers and directors of PBF Energy Inc. 

 

	43.	Inventory Intermediation Agreement dated as of May 29, 2015 (as amended) between J. Aron & Company and PBF Holding Company LLC and Paulsboro Refining Company LLC. 

	44.	Inventory Intermediation Agreement dated as of May 29, 2015 (as amended) between J. Aron & Company and PBF Holding Company LLC and Delaware City Refining Company LLC. 

 

	45.	Amendment to the Inventory Intermediation Agreement dated as of September 8, 2017, among J. Aron & Company, PBF Holding Company LLC and Delaware City Refining Company LLC. 

 

	46.	Amendment to the Inventory Intermediation Agreement dated as of September 8, 2017, among J. Aron & Company, PBF Holding Company LLC and Paulsboro Refining Company LLC. 

 

	47.	Contribution, Conveyance and Assumption Agreement dated as of May 8, 2014 by and among PBF Logistics LP, PBF Logistics GP LLC, PBF Energy Inc., PBF Energy Company LLC, PBF Holding Company LLC, Delaware City
Refining Company LLC, Delaware City Terminaling Company LLC and Toledo Refining Company LLC. 

  

	48.	Delaware City Rail Terminaling Services Agreement, dated as of May 14, 2014. 

  

	49.	Amended and Restated Toledo Truck Unloading & Terminaling Agreement effective as of June 1, 2014. 

  

	50.	Assignment and Amendment of Amended and Restated Toledo Truck Unloading & Terminaling Agreement dated as of December 12, 2014 by and between PBF Holding Company LLC, PBF Logistics LP and Toledo Terminaling
Company LLC. 

  

	51.	Contribution Agreement, dated as of September 16, 2014 among PBF Energy Company LLC and PBF Logistics LP. 

  

	52.	Delaware City West Ladder Rack Terminaling Services Agreement, dated as of October 1, 2014 among PBF Holding Company LLC and Delaware City Terminaling Company LLC. 

 

	53.	Contribution Agreement, dated as of December 2, 2014 by and between PBF Energy Company LLC and PBF Logistics LP. 

  

	54.	Storage and Terminaling Services Agreement dated as of December 12, 2014 among PBF Holding Company LLC and Toledo Terminaling Company LLC. 

 

	55.	Contribution Agreement dated as of May 5, 2015 by and between PBF Energy Company LLC and PBF Logistics LP. 

  

	56.	Fourth Amended and Restated Omnibus Agreement dated as of August 31, 2016 among PBF Holding Company LLC, PBF Energy Company LLC, PBF Logistics GP LLC and PBF Logistics LP 

 

	57.	Delaware Pipeline Services Agreement dated as of May 15, 2015 among PBF Holding Company LLC and Delaware Pipeline Company LLC. 

  

	58.	Delaware City Truck Loading Services Agreement dated as of May 15, 2015 among PBF Holding Company LLC and Delaware City Logistics Company LLC. 

 

	59.	Fourth Amended and Restated Operation and Management Services and Secondment Agreement dated as of August 31, 2016 among PBF Holding Company LLC, Delaware City Refining Company LLC, Toledo Refining Company LLC,
Torrance Refining Company LLC, Torrance Logistics Company LLC, PBF Logistics GP LLC , PBF Logistics LP, Delaware City Terminaling Company LLC, Delaware Pipeline Company LLC, Delaware City Logistics Company LLC, Toledo Terminaling Company LLC and
PBFX Operating Company LLC. 

	60.	Transportation Services Agreement dated as of August 31, 2016 among PBF Holding Company LLC and Torrance Valley Pipeline Company LLC. 

 

	61.	Pipeline Service Order (Mainline) dated as of August 31, 2016, by and between Torrance Valley Pipeline Company LLC, and PBF Holding Company LLC. 

 

	62.	Pipeline Service Order (Gathering Lines) dated as of August 31, 2016, by and between Torrance Valley Pipeline Company LLC, and PBF Holding Company LLC. 

 

	63.	Dedicated Storage Service Order dated as of August 31, 2016, by and between Torrance Valley Pipeline Company LLC, and PBF Holding Company LLC. 

 

	64.	Throughput Storage Service Order dated as of August 31, 2016, by and between Torrance Valley Pipeline Company LLC, and PBF Holding Company LLC. 

 

	65.	Indenture dated as of May 30, 2017, among PBF Holding Company LLC, PBF Finance Corporation, the Guarantors named on the signature pages thereto, Wilmington Trust, National Association, as Trustee and Deutsche Bank
Trust Company Americas, as Paying Agent, Registrar, Transfer Agent and Authenticating Agent and Form of 7.25% Senior Note. 

  

	66.	Amended and Restated Limited Liability Agreement of Torrance Valley Pipeline Company LLC as of August 31, 2016. 

  

	67.	Second Amended and Restated Limited Liability Company Agreement of MOEM Pipeline LLC as of November 1, 2015. 

  

	68.	50% interest in Torrance Valley Pipeline Company LLC, 80% Ownership interest in Collins Pipeline Company and T&M Terminal Company, 100% ownership interest in PBF International Inc., DCR Storage and Loading LLC,
Paulsboro Terminaling Company LLC, Chalmette Logistics Company LLC, Toledo Rail Logistics Company LLC, PBF Energy Limited, Torrance Pipeline Company LLC, TVP Holding Company LLC and Torrance Basin Pipeline Company LLC. 

 EXHIBIT A 

[Form of] 
 ADMINISTRATIVE
QUESTIONNAIRE 
 ADMINISTRATIVE QUESTIONNAIRE—PBF Holding Company LLC, et. al. 

 
  
  

							
	Lending Institution:
                                         
                                         
                                         
                                 
	
	Name for Signature Pages:
                                         
                                         
                                         
                                         
   
	                                   
     Will sign Senior Secured 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:	  	  

  
  

BANK OF AMERICA, N.A., ADMINISTRATIVE DETAILS 

 

  
 A-1 

					
	 Bank of America, N.A.
 One Bryant Park

New York, NY 10036
 Main Telephone:
[                    ]
	  	 Account Administrator
 Attn:
[                ]
 Tel:
[                 ]
 Fax:
[                ]
	  	 Secondary Contact
 Attn:
[                ]
 Tel:
[                 ]
 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, Toledo Refining Company LLC, Chalmette Refining, L.L.C., and Torrance Refining Company LLC
			
	4.	  	Administrative Agent:	  	 Bank of America, N.A., as the administrative agent under the Credit Agreement

  
  

	1 	Select as applicable. 

  
 B-1 

					
	5.	  	Credit Agreement:	  	The Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance
Refining Company LLC, a Delaware limited liability company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such
capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce,
Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and
Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the
“Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the
Co-Documentation Agents (in such capacity, 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
	  	$		 	  	$		 	  	 	%	 

  
  

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

  
 B-2 

 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
	CHALMETTE REFINING, L.L.C.
	TORRANCE REFINING COMPANY LLC]4
		
	By:	 	  

		 	Name:
		 	Title:
	
	 Bank of America, N.A.,

    as Administrative Agent

		
	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-3 

			
	 Bank of America, N.A.
 as Issuing
Bank and Swingline Lender

		
	By:	 	  

		 	Name:
		 	Title:

  
 B-4 

 ANNEX 1 to Assignment and Assumption 

PBF HOLDING COMPANY LLC, et. al. 
 SENIOR SECURED 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. 

  
 B-5 

 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. 
 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-6 

 EXHIBIT C 

[Form of] 
 BORROWING REQUEST

 Bank of America, N.A., 
 as Administrative Agent for

 the Lenders referred to below, 
 One Bryant Park 

New York, NY 10036 
 Attention:
[                ] 
 Re: PBF Holding Company LLC, et.
al 
 [Date] 
 Ladies and Gentlemen: 

Reference is made to the Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”), Chalmette
Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo
and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and
as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank,
Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead
Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust
Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, 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: 

  
 C-1 

			
	(A) Class of Borrowing	  	 [Revolving Borrowing]
 [Swingline
Loan]

		
	 (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

      [                    
                                        ] (Account
No.                ).

 Administrative Borrower hereby represents and warrants that the conditions to lending specified in
Sections 4.02(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 Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company (“Torrance” and together with
Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the
“Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit
Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such
capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays
Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, 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)
$100 million until such time as Excess Availability is greater than the Financial Covenant Amount and $100 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. 

  
 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 

 

	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 accruals, fees, charges and expenses (including rationalization,
financing, legal, tax, structuring, advising and other similar items) 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 Effective 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
	  	  

  
 D-4 

			
	 (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 and costs related to the
closure and/or consolidation of facilities, plus
	  	  

		
	 (10)  (a) any extraordinary, exceptional,
non-recurring or unusual gains or losses, and (b) any losses and expenses in connection with, 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
and deducted (and not added back) in such period in computing Consolidated Net Income, 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 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
	  	  

  
 D-5 

			
		
	 (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, plus 
	  	  

		
	 (16)  retention, recruiting, relocation and signing bonuses and expenses, stock option
and other equity-based compensation expenses, severance costs, stay bonuses, transaction fees and expenses and management fees and expenses, any one time expense relating to enhanced accounting function or other transaction costs, including those
associated with becoming a public company, integration costs, transition costs, consolidation and closing costs for facilities, costs incurred in connection with any non-recurring strategic initiatives, costs
incurred in connection with acquisitions and non-recurring intellectual property development, other business optimization expenses (including costs and expenses relating to business optimization programs and
new systems design and implementation costs), project start-up costs and other restructuring charges, and accruals or reserves (including restructuring costs related to acquisitions and to
closure/consolidation of facilities, retention charges, and systems establishment costs), plus
	  	  

		
	 (17)  (i) the Consolidated EBITDA during the relevant Test Period of any Person
acquired as a result of a Specified Transaction determined on a Pro Forma Basis, and (ii) the amount of “run rate” and other cost savings, operating expense reductions, other operating improvements and synergies projected by the
Borrowers in good faith to be realized in connection with the Transactions or any Specified Transaction or the implementation of an operational initiative or operational change (calculated on a Pro Forma Basis as though such cost savings, operating
expense reductions, other operating improvements and synergies had been realized on the first day of such period and as if such cost savings, operating expense reductions, other operating improvements and synergies were realized during the entirety
of such period), net of the amount of actual benefits realized during such period from such
	  	

  
 D-6 

			
		
	 actions; provided that (x) a duly completed certificate signed by a Responsible Officer of the Borrowers shall
be delivered to the Administrative Agent together with the Compliance Certificate required to be delivered pursuant to Section 5.01(d), certifying that (i) such cost savings, operating expense reductions, other operating
improvements and synergies are factually supportable and reasonably anticipated to be realizable in the good faith judgment of the Borrowers, within 24 months after the consummation of the Specified Transaction or the implementation of an initiative
or operational change, which is expected to result in such cost savings, expense reductions, other operating improvements or synergies and (y) no cost savings, operating expense reductions and synergies shall be added pursuant to this paragraph
(17) to the extent duplicative of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period, provided, that in no event shall amounts included in the calculation
of Consolidated EBITDA in reliance upon this paragraph (17)(ii) comprise more than 20% of Consolidated EBITDA; plus
	  	  

		
	 (18)  cash receipts (or any netting arrangements resulting in reduced cash
expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated EBITDA pursuant
to paragraphs (25) and (26) below for any previous period and not added back, plus
	  	  

		
	 (19)  any non-cash increase in expenses
(A) resulting from the revaluation of inventory (including any impact of changes to inventory valuation policy methods including changes in capitalization of variances) or other inventory adjustments, or (B) due to purchase accounting
adjustments, plus
	  	  

		
	 (20)  the amount of payments by any of the Borrowers or any of their Restricted
Subsidiaries for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or divestitures which payments are approved
by a majority of the board of directors or a majority of the disinterested members of the board of directors of such Borrower in good faith and fees and expenses paid to directors of any of the Borrowers or their direct or indirect parent entities,
plus
	  	  

  
 D-7 

			
		
	 (21)  any net loss from disposed, abandoned or discontinued operations or product
lines, plus
	  	  

		
	 (22)  costs related to implementation of operational and reporting systems and
technology initiatives in an amount not to exceed $25,000,000 during any twelve (12) month period, plus 
	  	  

		
	 (23)  the non-cash portion of straight line
rent expense, plus 
	  	  

		
	 (24)  earn-out obligations with respect to any
Permitted Acquisitions or other investment and paid or accrued during the applicable period to the extent such earn-out obligations are deducted from the calculation of such Consolidated Net Income,
minus
	  	  

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

		
	 (26)  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)-(24) minus the sum of (25) and (26))
	  	  

  
 D-8 

			
		
	(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, unused line
fees, commitment fees, prepayment premiums, upfront fees, administrative agency costs 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, Chalmette, Torrance or
any of their respective Wholly Owned Subsidiaries) in connection with Indebtedness incurred by such plan or trust for such period, plus
	  	
 
    

  
 D-9 

			
		
	 (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
	  	  

		
	 (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) 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
	  	  

  
 D-10 

			
		
	 (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)
	  	  

		
	 Consolidated EBITDA to Consolidated Fixed Charges
	  	 [        ]:1.00

		
	 Covenant Requirement
	  	 Greater than or equal to 1.00:1.00

  
 D-11 

 EXHIBIT E 

[Form of] 
 INTEREST ELECTION
REQUEST 
 Bank of America, N.A., 
 as Administrative Agent

 One Bryant Park 
 New York, NY 10036 

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 Senior Secured Revolving Credit Agreement dated as of
May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company
(“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative
Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN
AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as
the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the
“Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the
Co-Documentation Agents (in such capacity, the “Co-Documentation Agents”): 

  
 E-1 

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

 

	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-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 Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”),
Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company (“Torrance” and together with Holdings, Delaware City,
Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral
Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and
Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the
“Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays Bank PLC,
Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, 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 Agreement 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 or Immaterial 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:
	
		
		 	 Bank of America, N.A., as
 Administrative
Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 F-3 

 [Note: Schedules to be attached.] 

  
 F-4 

 EXHIBIT G 

[Form of] 
 LANDLORD ACCESS
AGREEMENT 
 LANDLORD’S LIEN WAIVER, ACCESS AGREEMENT AND CONSENT 

THIS LANDLORD’S LIEN WAIVER, ACCESS AGREEMENT AND CONSENT (the “Agreement”) is made and entered into as of
                        , 201     by and
between                                        
                 (“Landlord”) and Bank of America, N.A., in its capacity as administrative agent for the Revolving Loan Secured Parties (as defined herein) and
having an office at One Bryant Park, New York, NY 10036 (in such capacity and together with any successor administrative agent, the “Revolving Agent”). 

R E C I T A L S : 

A. Landlord is the record title holder and owner of the real property described in Schedule A attached hereto (the “Real
Property”). 
 B. Landlord has leased all or a portion of the Real Property (the “Leased Premises”) to
[                ] (“Lessee”) pursuant to a certain lease agreement or agreements described in Schedule B attached hereto (collectively, and as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Lease”). 
 C. Lessee and certain of Lessee’s
affiliates have entered into a Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Revolving 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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”),
and Torrance Refining Company LLC, a Delaware limited liability company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank,
Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline
Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New
York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the
Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo
Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, the “Co-Documentation Agents”), pursuant to which the Lenders have agreed
to make certain revolving loans to Borrowers (collectively, the “Revolving Loans”). 

  
 G-1 

 D. For the purposes hereof: “Revolving Loan Secured Parties” shall mean, collectively,
(a) Revolving Agent, (b) any person party to the Revolving Credit Agreement and the agreements, documents and instruments executed or delivered in connection therewith or related thereto as a lender, (c) the issuing bank or banks of
letters of credit or similar instruments under the Revolving Credit Agreement, (d) each other person to whom any of the Secured Obligations (as defined in the Revolving Credit Agreement) is owed and (e) the successors, replacements and
assigns of each of the foregoing. 
 [E. [The Lessee is a subsidiary of a Borrower.] [Borrower is a subsidiary of the Lessee]12 
 F. The Lessee has, pursuant to the Revolving Credit Agreement among other things
guaranteed the obligations of the Borrower under the Revolving Credit Agreement and to other documents evidencing and securing the Loans (as such term is defined in the Revolving Credit Agreement) (collectively, the “Loan Documents”). 

G. As security for the payment and performance of Lessee’s Obligations under the Revolving Credit Agreement and the other documents
evidencing and securing the Loans (as such term is defined in the Revolving Credit Agreement) the Revolving Agent (for its benefit and the benefit of the Revolving Loan Secured Parties) has or will acquire a security interest in and lien upon all of
Lessee’s inventory, accounts, goods, cash and all books, records, documents and instruments related to the foregoing (together with all additions, substitutions, replacements and improvements to, and proceeds of, the foregoing, collectively,
the “Personal Property”). 
 H. The Revolving Agent has requested that Landlord execute this Agreement as a condition
precedent to the making of the Loans under the Revolving Credit Agreement. 
 A G R E E M E
N T : 
 NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Landlord hereby represents, warrants and agrees in favor of Revolving Agent, as follows: 
 1.
Landlord hereby waives and releases unto Revolving Agent (i) any contractual landlord’s lien and any other landlord’s lien which it may be entitled to at law or in equity against any Personal Property, (ii) any and all rights
granted by or under any present or future laws to levy or distrain for rent or any other charges which may be due to the Landlord against the Personal Property and (iii) any and all claims, liens and demands of every kind which it has or may
hereafter have against the Personal Property (including, without limitation, any right to include the Personal Property in any secured financing Landlord may become party to). Landlord acknowledges that the Personal Property is and will remain
personal property and not fixtures even though it may be affixed to or placed on the Real Property. 
  

	12 	Include one of these alternatives if Borrower is not the Lessee. 

  
 G-2 

 2. Landlord certifies that (i) Landlord is the landlord under the Lease described in
Schedule B attached hereto, (ii) the Lease is in full force and effect and has not been amended, modified or supplemented except as set forth in Schedule B hereto, (iii) there is no defense, offset, claim or counterclaim by
or in favor of Landlord against Lessee under the Lease or against the obligations of Landlord under the Lease and (iv) no notice of default has been given under or in connection with the Lease which has not been cured, and Landlord has no
knowledge of any occurrence of any other default under or in connection with the Lease, (v) Lessee is in possession of the Leased Premises, (vi) the current monthly base rent under the Lease is
$                 per month, such monthly base rent due under the Lease has been paid through
                , (vii) additional rent is $                 and has been paid through
                , and (viii) common area charges are $                 and have been
paid through                 . 
 3. Landlord agrees that
Revolving Agent has the right to remove the Personal Property from the Leased Premises at any time prior to the occurrence of a default under the Lease and, after the occurrence of such a default, during the Standstill Period (as hereinafter
defined) provided that Revolving Agent shall repair any damage arising from such removal. Landlord further agrees that, during the foregoing periods, Landlord will not (i) remove any of the Personal Property from the Leased Premises or
(ii) hinder Revolving Agent’s actions in removing Personal Property from the Leased Premises or Revolving Agent’s actions in otherwise enforcing its security interest in the Personal Property. Revolving Agent shall not be liable for
any diminution in value of the Leased Premises caused by the absence of Personal Property actually removed or by the need to replace the Personal Property after such removal. Landlord acknowledges that Revolving Agent shall not have any obligation
to remove the Personal Property from the Leased Premises. 
 4. Landlord acknowledges and agrees that Lessee’s granting of a security
interest in the Personal Property in favor of the Revolving Agent (for its benefit and the benefit of the Revolving Loan Secured Parties) shall not constitute a default under the Lease nor permit Landlord to terminate the Lease or re-enter or repossess the Leased Premises or otherwise be the basis for the exercise of any remedy by Landlord and Landlord hereby expressly consents to the granting of such security interest. 

5. Notwithstanding anything to the contrary contained in this Agreement or the Lease, in the event of a default by Lessee under the Lease,
Landlord agrees that (i) it shall provide to Revolving Agent at the addresses set forth in the introductory paragraph hereof a copy of any notice of default delivered to Lessee under the Lease and (ii) it shall not exercise any of its
remedies against Lessee provided in favor of Landlord under the Lease or at law or in equity until, in the case of a monetary default, the date which is 45 days after the date the Landlord delivers written notice of such monetary default to
Revolving Agent, and in the case of a non-monetary default, the date which is 60 days after the date the Landlord delivers written notice of such non-monetary default to
Lessee (such 45-day period for monetary defaults and such 60 day period for non-monetary defaults, as applicable, being referred to as the “Standstill
Period”), provided, however, if such non-monetary default by its nature cannot reasonably be cured by Revolving Agent within such 60 day period, the Revolving Agent shall have such
additional period of time as may be reasonably necessary to cure such non-monetary default, so long as Revolving Agent commences such curative measures within such 60 day period and thereafter proceeds
diligently to complete such curative measures. In the event that any such non-monetary default by its nature 

  
 G-3 

 
cannot reasonably be cured by Revolving Agent, Landlord shall, provided Revolving Agent has theretofore cured all monetary defaults (if any), upon the request of Revolving Agent enter into a new
lease with Revolving Agent (or its nominee) on the same terms and conditions as the Lease. Revolving Agent shall have the right, but not the obligation, during the Standstill Period, to cure any such default and Landlord shall accept any such cure
by Revolving Agent or Lessee. If, during the Standstill Period, Revolving Agent or Lessee or any other Person cures any such default, then Landlord shall rescind the notice of default. 

6. In the event of a termination, disaffirmance or rejection of the Lease for any reason, including, without limitation, pursuant to any laws
(including any bankruptcy or other insolvency laws) by Lessee or the termination of the Lease for any reason by Landlord, Landlord will give the Revolving Agent the right, within sixty (60) days of such event, provided all monetary defaults
under the Lease have been cured, to enter into a new lease of the Leased Premises, in the name of the Revolving Agent (or a designee to be named by the Revolving Agent at the time), for the remainder of the term of the Lease and upon all of the
terms and conditions thereof, or, if the Revolving Agent shall elect not to exercise such right (such election to be made by Revolving Agent at its sole discretion), Landlord will give the Revolving Agent the right to enter upon the Leased Premises
during such sixty (60) day period for the purpose of removing Lessee’s personal property therefrom. 
 7. Notwithstanding any
provision to the contrary contained in the Lease, any acquisition of Lessee’s interest by Revolving Agent, its nominee, or the purchaser at any foreclosure sale conducted by Revolving Agent shall not create a default under, or require
Landlord’s consent under, the Lease. 
 8. The terms and provisions of this Agreement shall inure to the benefit of and be binding upon
the successors and assigns of Landlord (including, without limitation, any successor owner of the Real Property) and Revolving Agent. Landlord will disclose the terms and conditions of this Agreement to any purchaser or successor to Landlord’s
interest in the Leased Premises. Notwithstanding that the provisions of this Agreement are self-executing, Landlord agrees, upon request by Revolving Agent, to execute and deliver a written acknowledgment confirming the provisions of this Agreement
in form and substance satisfactory to Revolving Agent. 
 9. All notices to any party hereto under this Agreement shall be in writing and
sent to such party at its respective address set forth above (or at such other address as shall be designated by such party in a written notice to the other party complying as to delivery with the terms of this Section 9) by certified mail,
postage prepaid, return receipt requested or by overnight delivery service. 
 10. The provisions of this Agreement shall continue in effect
until Landlord shall have received Revolving Agent’s written certification that the Loans (as defined in the Revolving Credit Agreement) have been paid in full and all of Borrowers’ other Obligations under the Revolving Credit Agreement
and any other related loan documents have been satisfied. 
 11. THE INTERPRETATION, VALIDITY AND ENFORCEMENT OF THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF. 

  
 G-4 

 12. Landlord agrees to execute, acknowledge and deliver such further instruments as Revolving
Agent may request to allow for the proper recording of this Agreement (including, without limitation, a revised landlord’s waiver in form and substance sufficient for recording) or to otherwise accomplish the purposes of this Agreement. 

13. Landlord agrees that, so long as the Lessee’s Obligations under the Revolving Credit Agreement remain outstanding and Revolving Agent
retains an interest in the Personal Property, no modification, alteration or amendment shall be made to the Lease without the prior written consent of Revolving Agent if such modification, alteration or amendment could have a material adverse effect
on the value or use of the Leased Premises or Lessee’s obligations or rights under the Lease. 

  
 G-5 

 IN WITNESS WHEREOF, Landlord and Revolving Agent have caused this Agreement to be duly executed
and delivered by their duly authorized officers as of the date first above written. 
  

			
	                                    
                                    ,
	
	as Landlord
		
	By:	 	  

		 	Name:
		 	    Title:
		 	
	
	 Bank of America, N.A.,

    as Revolving Agent

		
	By:	 	  

		 	Name:
		 	    Title:

  
 G-6 

			
	State of                     	  	)
		  	) ss:
	County of                    	  	)

 On the              day of
                 in the year          before me personally came
                     to me known, who, being by me duly sworn, did depose and say that he/she resides in
                                         
            (include the street address if in a city); that he/she is the
                             of
                                     (name of corporation), the
corporation described in and which executed the above instrument; and that he/she signed his/her name thereto by authority of the board of directors of said corporation. 

 

	
	  

	
	 Notary Public

 

	
	 My Commission Expires:

	
	  

  
 G-7 

			
	State of                     	  	)
		  	) ss:
	County of                    	  	)

 On the
                     day of                  ,
                 , before me personally came
                                     to me known to be the individual
who executed the foregoing instrument, and who, being duly sworn by me, did depose and say that he/she is (the)(a) (member) (manager) of
                                     ,
a                             Limited Liability Company, and that he/she has authority to sign the same, and
acknowledged that he/she executed the same as the act and deed of the Limited Liability Company. 
  

	
	  

	
	 Notary Public

  

	
	 My Commission Expires:

	
	  

  
 G-8 

 Schedule A 

Description of Real Property 

  
 G-9 

 Schedule B 

Description of Leases 
  

									
	 Lessor
	  	 Lessee
	  	 Dated
	  	 Modification
	  	 Location/

Property

Address

  
 G-10 

 EXHIBIT H 

[Form of] 
 LC REQUEST
[AMENDMENT] 
 Dated (13) 

Bank of America, N.A., as Administrative Agent under the Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company (“Torrance” and together with
Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the
“Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit
Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such
capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays
Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, the
“Co-Documentation Agents”). 
 One Bryant Park 

New York, NY 10036 
 Attention:
[                ] 
 [Name and Address of Issuing Bank 

if different from Administrative Agent] 
 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(14) on (15) (the “Date of [Issuance] [Amendment]
[Renewal] [Extension]”) in the aggregate stated amount of (16). [Such Letter of Credit was originally issued on [date].] The requested Letter of Credit [shall be] [is] denominated in
Dollars]. 
  

	13 	Date of LC Request. 

	14 	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. 

	15 	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). 

	16 	Aggregate initial stated amount of Letter of Credit. 

  
 H-1 

 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] (17), and such Letter of Credit [will be] [is] in support of (18) and [will have] [has] [a stated expiration
date of] [shall be an Auto-Renewal Letter of Credit] (19). [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]20 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 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.21 

(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. 

 

	17 	Insert name and address of beneficiary. 

	18 	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.

	19 	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. 

	20 	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. 

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

  
 H-2 

 (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:

  
 H-3 

 EXHIBIT I 

[Reserved] 

  
 I-1 

 EXHIBIT J 

[Reserved] 

  
 J-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”), TOLEDO
REFINING COMPANY LLC, a Delaware limited liability company (“Toledo”), CHALMETTE REFINING, L.L.C., a Delaware limited liability company (“Chalmette”), and TORRANCE REFINING COMPANY LLC, a Delaware limited liability
company (“Torrance”, and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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 Senior Secured
Revolving Credit Agreement dated as of May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited
liability company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative 

  
 K-1-1 

 
Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such
capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company
Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo
Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, 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
	CHALMETTE REFINING, L.L.C.
	 TORRANCE 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”), TOLEDO
REFINING COMPANY LLC, a Delaware limited liability company (“Toledo”), CHALMETTE REFINING, L.L.C., a Delaware limited liability company (“Chalmette”), and TORRANCE REFINING COMPANY LLC, a Delaware limited liability
company (“Torrance”, and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “Borrowers” and each individually, a “Borrower”), hereby promise to pay to the order of
Bank of America, N.A. (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 Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and
Torrance Refining Company LLC, a Delaware limited liability company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank,
Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline
Lender”), 

  
 K-2-1 

 
Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company
Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo
Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, 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
	CHALMETTE REFINING, L.L.C.
	 TORRANCE REFINING COMPANY LLC,
 as
Borrowers

		
	By:	 	  

		 	Name:
		 	Title:

  
 K-2-3 

 EXHIBIT L-1 

[Form of] 
 FORM OF PERFECTION
CERTIFICATE 
 May 2, 2018 
 Reference
is hereby made to (i) that certain ABL Security Agreement dated as of May 2, 2018 (the “Security 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”), Chalmette Refining, L.L.C. (“Chalmette”), Torrance Refining Company LLC (“Torrance” and, together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, the
“Borrowers” and each individually, a “Borrower”), the Subsidiary Guarantors party thereto and Bank of America, N.A., as administrative agent (in such capacity, “Administrative Agent”) and
(ii) that certain Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (the “Credit Agreement”) among Borrowers, the Subsidiary Guarantors party thereto, certain lenders and other parties thereto,
Administrative Agent and Bank of America, N.A., as Collateral Agent. Capitalized terms used but not defined herein have the meanings assigned to them in the Credit Agreement. 

As used herein, the term “Companies” means the Borrowers and each of their respective Subsidiaries (other than Excluded Subsidiaries). 

The undersigned hereby certify to the Administrative Agent as of the date hereof as follows: 

1. Names. (a) The exact legal name of each Company, as such name appears in its respective certificate of incorporation or any
other organizational document, is set forth in Schedule 1(a). Each Company is (i) the type of entity disclosed next to its name in Schedule 1(a) and (ii) a registered organization except to the extent disclosed
in Schedule 1(a). Also set forth in Schedule 1(a) is the organizational identification number, if any, of each Company that is a registered organization, the Federal Taxpayer Identification Number of each Company and the
jurisdiction of formation of each Company. 
 (b) Set forth in Schedule 1(b) hereto is any other corporate or
organizational names each Company has had in the past five years, together with the date of the relevant change. 
 2. Current
Locations. (a) The chief executive office of each Company is located at the address set forth in Schedule 2(a) hereto. 

(b) Set forth in Schedule 2(b) are all locations where each Company maintains any books or records relating to any Collateral.

 (c) Set forth in Schedule 2(c) hereto are all the other places of business of each Company. 

(d) Set forth in Schedule 2(d) hereto are all other locations where each Company maintains any of the Collateral consisting of
inventory not identified above. 

  
 L-1-1 

 (e) Set forth in Schedule 2(e) hereto are the names and addresses of all persons or
entities other than each Company, such as lessees, consignees, warehousemen or purchasers of chattel paper, which have possession or are intended to have possession of any of the Collateral consisting of instruments, chattel paper or inventory. 

3. UCC Filings. The financing statements (duly authorized by each Company constituting the debtor therein), including the descriptions
of the Collateral, attached as Schedule 3 relating to the Security Agreement, are in the appropriate forms for filing in the filing offices in the jurisdictions identified in Schedule 4 hereof. 

4. Schedule of Filings. Attached hereto as Schedule 4 is a schedule of (i) the
appropriate filing offices for the financing statements attached hereto as Schedule 3 and (ii) any other actions required to create, preserve, protect and perfect the security interests in the Collateral granted to the
Administrative Agent pursuant to the Security Agreement. No other filings or actions are required to create, preserve, protect and perfect the security interests in the Collateral granted to the Administrative Agent pursuant to the Security
Agreement. 
 5. Termination Statements. Attached hereto as Schedule 5(a) are the duly authorized termination
statements in the appropriate form for filing in each applicable jurisdiction identified in Schedule 5(b) hereto with respect to each Lien described therein. 

6. Deposit Accounts, Securities Accounts and Commodity Accounts. Attached hereto as Schedule 6 is a true and complete list
of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the
name of each entity that holds each account, other than Excluded Accounts. 
 7. Letter-of-Credit Rights. Attached hereto as Schedule 7 is a true and correct list of all letters of credit issued in favor of each Company, as beneficiary thereunder. 

 

  
 L-1-2 

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate as of the date
first set forth above. 
  

			
	BORROWERS:
	
	PBF HOLDING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	DELAWARE CITY REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PAULSBORO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	TOLEDO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CHALMETTE REFINING L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:
	
	TORRANCE REFINING COMPANY LLC,
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Perfection Certificate] 

 
			
	SUBSIDIARY GUARANTORS:
	
	PBF INVESTMENTS LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF POWER MARKETING LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF FINANCE CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF SERVICES COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF ENERGY WESTERN REGION LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	TORRANCE LOGISTICS COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF INTERNATIONAL INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Perfection Certificate] 

 Schedule 1(a) 

Legal Names, Etc. 
  

											
	 Legal Name
	 	 Type of Entity
	 	 Registered Organization

(Yes/No)
	  	 Organizational
Number*
	  	 Federal Taxpayer

Identification Number
	  	 Jurisdiction of Formation

 
  

	* 	If none, so state. 

 Schedule 1(b) 

Prior Organizational Names 
  

					
	 Company/Subsidiary
	 	 Prior Name
	 	 Date of Change

 Schedule 2(a) 

Chief Executive Offices 
  

			
	 Company/Subsidiary
	 	 Address

 Schedule 2(b) 

Location of Books 
  

			
	 Company/Subsidiary
	 	 Address

 Schedule 2(c) 

Other Places of Business 
  

			
	 Company/Subsidiary
	 	 Address

 Schedule 2(d) 

Additional Locations of Inventory 
  

			
	 Company/Subsidiary
	 	 Address

 Schedule 2(e) 

Locations of Collateral in Possession of Persons Other Than Company or Any Subsidiary 

 

					
	 Company/Subsidiary
	 	 Name of Entity in Possession of

Collateral/Capacity of such Entity
	 	 Address/Location of Collateral

 Schedule 3 

Copy of Financing Statements To Be Filed 

See attached. 

 Schedule 4 

Filings/Filing Offices 
  

					
	 Type of Filing*
	 	 Entity
	 	 Jurisdictions

 
  

	*	UCC-1 financing statement or other necessary filing. 

 Schedule 5(a) 

Attached hereto is a true copy of each termination statement filing to be made on the Closing Date or which has been made. 

 

 Schedule 5(b) 

Termination Statement Filings 
  

					
	 Debtor
	 	 Jurisdiction
	 	 Secured Party

 Schedule 6 

Deposit Accounts, Securities Accounts and Commodity Accounts 

 

							
	 OWNER
	  	 TYPE OF ACCOUNT
	  	 BANK NAME
	  	 ACCOUNT NUMBERS

 Schedule 7 

Letter of Credit Rights 

 EXHIBIT L-2 

[Form of] 
 PERFECTION
CERTIFICATE SUPPLEMENT 
 This Perfection Certificate Supplement, dated as of
                             ,              is
delivered pursuant to Section 5.12(b) of that certain Senior Secured Revolving Credit Agreement dated as of May 2, 2018 (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”), CHALMETTE REFINING, L.L.C., a Delaware limited liability company
(“Chalmette”), and TORRANCE REFINING COMPANY LLC, a Delaware limited liability company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, BANK OF AMERICA, N.A., as
an Issuing Bank, Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the
“Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank,
Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo
Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, the “Co-Documentation Agents”). Capitalized terms used but not defined
herein have the meanings assigned to them in the Credit Agreement. 
 As used herein, the term “Companies”
means the Borrowers and each of their respective Subsidiaries (other than Excluded Subsidiaries). 
 The undersigned hereby certify to the
Administrative Agent that, as of the date hereof, there has been no change in the information described in the Perfection Certificate Supplement delivered on the Effective Date (as supplemented by any perfection certificate supplements delivered
prior to the date hereof, the “Prior Perfection Certificate”), other than as follows: 
 1. Names. (a) Except as
listed on Schedule 1(a) attached hereto and made a part hereof, (x) Schedule 1(a) to the Prior Perfection Certificate sets forth the exact legal name of each Company, as such name appears in its respective
certificate of incorporation or any other organizational document; (y) each Company is (i) the type of entity disclosed next to its name in Schedule 1(a) to the Prior Perfection Certificate and (ii) a registered
organization except to the extent disclosed in Schedule 1(a) to the Prior Perfection Certificate and (z) set forth in Schedule 1(a) to the Prior Perfection Certificate is the organizational identification number, if
any, of each Company that is a registered organization, the Federal Taxpayer Identification Number of each Company and the jurisdiction of formation of each Company. 

  
 L-2-1 

 (b) Except as listed on Schedule 1(b) attached hereto and made a
part hereof, set forth in Schedule 1(b) of the Prior Perfection Certificate is any other corporate or organizational names each Company has had in the past five years, together with the date of the relevant change. 

2. Current Locations. (a) Except as listed on Schedule 2(a) attached hereto and made a part hereof, Schedule
2(a) of the Prior Perfection Certificate sets forth the principal executive office of each Company and its address. 

(b) Except as listed on Schedule 2(b) attached hereto and made a part hereof, Schedule 2(b) of the
Prior Perfection Certificate sets forth all locations where each Company maintains any books or records relating to any Collateral. 

(c) Except as listed on Schedule 2(c) attached hereto and made a part hereof, Schedule 2(c) of the
Prior Perfection Certificate sets forth are all the other places of business of each Company. 
 (d) Except as listed on
Schedule 2(d) attached hereto and made a part hereof, Schedule 2(d) to the Prior Perfection Certificate sets forth all other locations where each Company maintains any of the Collateral consisting of inventory not
identified above. 
 (e) Except as listed on Schedule 2(e) attached hereto and made a part hereof,
Schedule 2(e) of the Prior Perfection Certificate sets forth the names and addresses of all persons or entities other than each Company, such as lessees, consignees, warehousemen or purchasers of chattel paper, which have possession or
are intended to have possession of any of the Collateral consisting of instruments, chattel paper or inventory. 
 3. Intentionally
omitted. 
 4. Schedule of Filings. Except as listed on Schedule 4 attached hereto and made a part hereof, attached
to the Prior Perfection Certificate as Schedule 4 is a schedule of (i) the appropriate filing offices for the financing statements against each Company and (ii) any other actions required to create, preserve, protect and
perfect the security interests in the Pledged Collateral (as defined in the Security Agreement) granted to the Administrative Agent pursuant to the applicable Security Documents. No other filings or actions are required to create, preserve, protect
and perfect the security interests in the Pledged Collateral granted to the Administrative Agent pursuant to the applicable Security Documents. 

5. Intentionally omitted. 

6. Deposit Accounts, Securities Accounts, Futures Accounts and Commodity Accounts. Except as listed on Schedule 6 attached
hereto and made a part hereof, attached to the Prior Perfection Certificate as Schedule 6 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement)
maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account, other than the Excluded Accounts. 

  
 L-2-2 

 7.
Letter-of-Credit Rights. Except as listed on Schedule 7 attached hereto and made a part hereof, attached to the Prior Perfection Certificate as
Schedule 7 is a true and correct list of all Letters of Credit issued in favor of each Company, as beneficiary thereunder. 

[The remainder of this page has been intentionally left blank] 

  
 L-2-3 

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate Supplement as of
the date first written above. 
  

			
	 BORROWERS:

	
	PBF HOLDING COMPANY LLC
		
	By:	 	
                     

		 	Name:
		 	Title:
	
	DELAWARE CITY REFINING COMPANY LLC
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	PAULSBORO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	TOLEDO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CHALMETTE REFINING, L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:

  
 L-2-4 

 
			
	TORRANCE REFINING COMPANY LLC
		
	By:	 	              

		 	Name:
		 	Title:
	
	SUBSIDIARY GUARANTORS:
	
	PBF INVESTMENTS LLC
		
	By:	 	              

		 	Name:
		 	Title:
	
	PBF POWER MARKETING LLC
		
	By:	 	              

		 	Name:
		 	Title:
	
	PBF FINANCE CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF SERVICES COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF ENERGY WESTERN REGION LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 L-2-5 

 
			
	
	TORRANCE LOGISTICS COMPANY LLC
		
	By:	 	              

		 	Name:
		 	Title:
	
	PBF INTERNATIONAL INC.
		
	By:	 	              

		 	Name:
		 	Title:

  
 L-2-6 

 EXHIBIT M 

[Reserved] 

  
 M-1 

 EXHIBIT N 

[Form of] 
 OPINION OF COMPANY
COUNSEL 
 [See attached.] 

  
 N-1 

			
	May 2, 2018	  	97816.00002

 To the Agent, the Issuing Banks and the Lenders 

identified below: 
 Ladies and Gentlemen: 

We have acted as counsel to PBF Holding Company LLC (“Holdings”), Delaware City Refining Company LLC, Paulsboro Refining
Company LLC, Toledo Refining Company LLC, Chalmette Refining, L.L.C. and Torrance Refining Company LLC, each a Delaware limited liability company (Holdings and each such other limited liability company, a “Borrower” and
collectively, the “Borrowers”) in connection with the Senior Secured Revolving Credit Agreement dated as of the date hereof (the “Credit Agreement”), among the Borrowers, certain subsidiaries of the Borrowers party
thereto as guarantors, the lending institutions party thereto as lenders (each, a “Lender” and, collectively, the “Lenders”), the lending institutions party thereto as issuing banks (each, an “Issuing
Bank” and, collectively, the “Issuing Banks”) and Bank of America, N.A., as administrative agent (in such capacity, the “Agent”) and as collateral agent (in such capacity, the “Collateral
Agent”). We also have acted as counsel to the subsidiaries of Borrowers organized under the laws of the State of Delaware (collectively, the “Borrower Subsidiaries” and individually, a “Borrower
Subsidiary”) listed on Schedule A hereto and identified as such in connection with the transactions contemplated by the Credit Agreement. The Borrowers and the Borrower Subsidiaries are referred to herein individually as a “Credit
Party” and collectively as the “Credit Parties”. This opinion letter is being delivered at the request of the Credit Parties pursuant to Section 4.01(c) of the Credit Agreement. Capitalized terms used and not otherwise
defined herein shall have the meanings assigned to them in the Credit Agreement. 
 As such counsel and for purposes of our opinions set
forth below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or appropriate as a
basis for the opinions set forth herein, including, without limitation: 
  

	 	(i)	the Credit Agreement; 

  

	 	(ii)	the Notes of even date herewith (the “Notes”) by the Borrowers in favor of the Lenders; 

  

	 	(iii)	the Security Agreement, dated as of the date hereof, made by the Credit Parties in favor of the Collateral Agent (the “Security Agreement”); 

 

	 	(iv)	unfiled copies of Uniform Commercial Code Financing Statements (each a “Delaware Financing Statement” and, collectively, the “Delaware Financing Statements”) naming each Credit Party,
respectively, as debtor, and the Collateral Agent as secured party to be filed in the office of the Secretary of State of the State of Delaware (the “Delaware Filing Office”); 

 

	 	(v)	the certificate of incorporation or certificate of formation, as the case may be, of each Credit Party, each certified by the Secretary of State of the State of Delaware as of April 25, 2018 and the bylaws, limited
liability company agreement or operating agreement, as the case may be, of each Credit Party, in each case, as certified by an authorized representative of such Credit Party as of the date hereof (collectively, the “Charter
Documents”); 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 2 

 

	 	(vi)	certificates of the Secretary of State of the State of Delaware as to the existence and good standing of each Credit Party under the laws of the State of Delaware as of April 24, 2018 (as updated by correspondence
from an attorney service to the date hereof) (collectively, the “Good Standing Certificates”); 

  

	 	(vii)	resolutions adopted by the governing body of each of the Credit Parties authorizing, among other things, the execution, delivery and performance of the Loan Documents (as defined below) to which such Credit Party is a
party as certified by an authorized representative of each such Credit Party as of the date hereof; 

  

	 	(viii)	certificates of officers and other representatives of each of the Credit Parties certifying the incumbency, authority and true signatures of the officers or representatives of each of the Credit Parties authorized to
sign the Loan Documents to which such Credit Party is a party and the certificates and other documents and instruments being delivered by such Credit Party pursuant to such Loan Documents and certifying as to other factual matters.

 The Credit Agreement, the Notes, and the Security Agreement are referred to herein, individually, as a “Loan
Document” and, collectively, as the “Loan Documents”. As used herein, “Collateral” means, collectively, the “Pledged Collateral” described in Section 2.1 of the Security Agreement. 

In addition, we have made such investigations of law as we have deemed relevant and necessary as a basis for the opinions expressed below.

 In such examination and in rendering the opinions expressed below, we have assumed: (i) (x) that each of the parties to the Loan
Documents (other than the Credit Parties) is a validly existing entity in the jurisdiction of its organization, in good standing in each applicable jurisdiction, and has the power and authority to execute and deliver, and to perform its obligations
under, the Loan Documents to which it is a party, and (y) the due authorization, execution and delivery of each Loan Document, and each other document referred to above by all the parties thereto (other than the due authorization, execution and
delivery of the Loan Documents by the Credit Parties); (ii) the genuineness of all signatures on all documents submitted to us; (iii) the authenticity and completeness of all documents, corporate, limited liability company and other entity
records, certificates and other instruments reviewed by us; (iv) that photocopy, electronic, certified, conformed, facsimile and other copies of original documents, corporate, limited liability company and other entity records, certificates and
other instruments reviewed by us conform to such original documents, records, certificates and other instruments; (v) the legal capacity and competency of all individuals executing documents; (vi) that (x) the Loan Documents are the valid
and binding obligations of each of the parties thereto (other than the Credit Parties) under New York law, enforceable against such parties (other than the Credit Parties) under New York law in accordance with their respective terms and have not
been amended or terminated orally or in writing, and (y) the status of the Loan Documents as legally valid and binding obligations of the parties is not affected by any (1) 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 3 

 

 breaches of, or defaults under, agreements or instruments, (2) violations of statutes, rules,
regulations or court or governmental orders, or (3) failures to obtain required consents, approvals or authorizations from, or make required registrations, declarations or filings with, governmental authorities; (vii) that there are no
agreements or understandings between or among any of the parties to the Loan Documents or third parties that would expand, modify or otherwise affect the terms of the Loan Documents or the respective rights or obligations of the parties thereunder
or that would modify, release, terminate, subordinate or delay the attachment of the security interest and liens granted thereunder; (viii) that the statements contained in the certificates and comparable documents of public officials, officers
and representatives of the Credit Parties and other Persons on which we have relied for the purposes of this opinion letter (including, without limitation, the Good Standing Certificates) are true and correct on and as of the date hereof;
(ix) that the officers and directors of each of the Credit Parties have properly exercised their fiduciary duties; and (x) that the rights and remedies set forth in the Loan Documents will be exercised reasonably and in good faith and were
granted without fraud or duress and for good, valuable and adequate consideration and without intent to hinder, delay or defeat any rights of any creditors or stockholders of, or other holders of equity interests in, any of the Credit Parties. As to
all questions of fact material to this opinion letter, we have relied (without independent investigation, except as expressly indicated herein) upon certificates or comparable documents of officers and representatives of the Credit Parties and upon
the representations and warranties of the Credit Parties contained in the Loan Documents, including the Credit Agreement. 
 Based upon the
foregoing, and in reliance thereon, and subject to the assumptions, limitations, qualifications and exceptions set forth herein, we are of the following opinions: 

1. Each Credit Party is an existing corporation or limited liability company, as applicable, in good standing under the laws of the state of
Delaware; and each Credit Party has the corporate or limited liability company, as the case may be, power and authority to enter into and carry out its obligations under the Loan Documents to which it is a party. 

2. Each Credit Party has taken all necessary corporate or limited liability company, as the case may be, action on its part to be taken by it
in order to authorize the execution, delivery and performance of the Loan Documents to which it is a party; and each Credit Party has duly executed and delivered each of the Loan Documents to which it is a party. 

3. Each of the Loan Documents constitutes the valid and binding obligation of each Credit Party which is a party thereto, enforceable against
such Credit Party in accordance with its terms. 
 4. The execution and delivery by each Credit Party of the Loan Documents to which it is a
party and the incurring and repayment by the Borrowers of the borrowings under the Credit Agreement, the guaranteeing by each other Credit Party of such borrowings pursuant to the Loan Documents, and the granting of the security interests granted by
it under the Security Agreement do not (i) cause such Credit Party to violate the Delaware General Corporation Law, Delaware Limited Liability Company Act or any federal or New York State statute, rule or regulation, (ii) constitute a
breach by such Credit Party of, or constitute a default by such Credit Party under, the express terms any of the agreements listed on Schedule B to this letter (the “Reviewed Agreements”) to which such Credit Party is a party,
(iii) result in the creation or imposition of any Lien upon any of the property of such Credit Party pursuant to any of the Reviewed Agreements or (iv) violate any provision of the Charter Documents of such Credit Party. 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 4 

 

 5. No consent, approval or authorization of, or filing with, any federal or New York State
governmental body or authority is required to be obtained or made by the Credit Parties to authorize, or is otherwise required to be obtained or made by the Credit Parties in connection with, the execution and delivery of the Loan Documents by the
Credit Parties which are parties thereto and the incurring and repayment by the Borrower of the borrowings under the Credit Agreement, the guaranteeing by each other Credit Party of such borrowings pursuant to the Loan Documents, and the granting of
the security interests granted by it under the Security Agreement, other than such filings or recordings as may be necessary to perfect liens. 

6. The making of the Loans on the date hereof and the application of the proceeds thereof as provided in the Credit Agreement do not violate
Regulation U or X of the Board of Governors of the Federal Reserve System. 
 7. No Credit Party is, and after giving effect to the
application of the proceeds of the Loans advanced on the date hereof for the purposes permitted by the Credit Agreement, no Credit Party will then be (solely as a result of such application), required to register as an “investment company”
as defined in the Investment Company Act of 1940, as amended. 
 8. (a) The Security Agreement creates in favor of the Collateral Agent, for
the benefit of the Agent, the Issuing Banks and the Lenders, valid security interests under the Uniform Commercial Code as in effect in the State of New York (the “New York UCC”) in the rights of each Credit Party that is a party to
such Security Agreement in such of the Collateral described in such Security Agreement in which security interests can be created under Article 9 of the New York UCC (the “Article 9 Collateral”). 

(b) Each Delaware Financing Statement is in appropriate form for filing in the Delaware Filing Office. Upon the filing of each Delaware
Financing Statement in the Delaware Filing Office, the security interest of the Collateral Agent in the respective Credit Party’s rights in the Article 9 Collateral described in such Delaware Financing Statement will be perfected under the
Uniform Commercial Code as in effect in the State of Delaware (the “Delaware UCC”), in each case to the extent that a security interest in such Article 9 Collateral can be perfected by the filing of a financing statement in the
Delaware Filing Office under the Delaware UCC. 
 The foregoing opinions are subject to the following assumptions, exceptions,
qualifications and limitations: 
 A. We express no opinion with respect to any of the following (collectively, the “Excluded
Laws”): (i) anti-fraud laws or, except as expressly set forth in opinion paragraph 7, other federal or state securities laws; (ii) except as expressly set forth in opinion paragraph 6, Federal Reserve Board margin regulations;
(iii) pension or employee benefit laws, e.g., ERISA; (iv) federal or state antitrust, trade or unfair competition laws, including, without limitation, the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; and the
Exon-Florio Act; (v) the statutes, ordinances, administrative decisions or rules and regulations of counties, towns, municipalities and other political subdivisions (whether created or enabled through legislative action at the federal, state or
regional level); (vi) federal or state environmental laws; (vii) federal or state land use, building codes or subdivision laws or other laws, rules or regulations relating to the construction, installation or operation of any property or
assets; (viii) federal or state tax laws; (ix) federal or state laws relating to communications (including, without limitation, the Communications Act of 1934, as amended, and the Telecommunications Act of 1996, as amended); 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 5 

 

 (x) federal patent, copyright or trademark, state trademark or other federal or state intellectual property
laws; (xi) federal or state racketeering laws, e.g., RICO; (xii) federal or state health care laws or federal or state safety laws, e.g., OSHA; (xiii) federal or state laws concerning aviation, vessels, railways or other
means of transportation; (xiv) federal or state laws concerning public utilities; (xv) federal or state labor or employment laws; (xvi) federal or state laws or policies concerning (A) national or local emergencies,
(B) possible judicial deference to acts of sovereign states including judicial acts, or (C) criminal or civil forfeiture laws; (xvii) federal or state banking or insurance laws; (xviii) export, import or customs laws;
(xix) anti-terrorism orders, as the same may be renewed, extended, amended or replaced, or any federal, state or local laws, statutes, ordinances, orders, governmental rules, regulations, licensing requirements or policies relating to the same,
including, without limitation, Executive Order 13224, effective September 24, 2001; (xx) the USA Patriot Improvement and Reauthorization Act of 2005, its successor statutes or similar statutes in effect from time to time, or the policies
promulgated thereunder or any foreign assets control regulations of the United States Treasury Department or any enabling legislation or order relating thereto; (xxi) federal or state laws concerning bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally, including, without limitation, fraudulent transfer or fraudulent conveyance laws; (xxii) other federal or state statutes of general application to the extent they provide
for criminal prosecution (e.g., mail fraud and wire fraud statutes); or, in the case of each of the foregoing, any rules or regulations promulgated thereunder or administrative or judicial decisions with respect thereto; or (xxiii) usury
or other laws limiting or regulating the maximum amount of interest that may be charged, collected, received or contracted for other than the internal laws of the State of New York, and without limiting the foregoing, we expressly disclaim any
opinion as to the usury or other such laws of any other jurisdiction (including laws of other states made applicable through principles of Federal preemption or otherwise) which may be applicable to the transactions contemplated by the Operative
Documents. 
 B. We express no opinion with respect to (i) the truth of the factual representations and warranties contained in the Loan
Documents, or (ii) any document or agreement other than the Loan Documents and the Financing Statements, regardless of whether such document or agreement is referred to in the Loan Documents. 

C. We express no opinion with respect to the effect that the introduction of extrinsic evidence as to the meaning of any Loan Document may have
on the opinions expressed herein. 
 D. Our opinions are limited solely to laws and regulations (other than the Excluded Laws) that, in our
experience, are normally applicable to transactions in the nature of those contemplated by the Loan Documents between unregulated parties. We express no opinion as to the effect on our opinions regarding the Loan Documents arising out of the status
or activities of, or laws applicable to, the Agent, the Collateral Agent, the Co-Syndication Agents, the Co-Documentation Agents, the Joint Lead Arrangers and Joint Lead
Bookmanagers, the Lenders or any other party, if any, to the Loan Documents (other than the Credit Parties under federal or New York State law), and, without limiting the foregoing, we are not expressing any opinion as to the effect of compliance or
non-compliance by such parties with any state or federal laws or regulations applicable to the transactions contemplated by the Loan Documents because of the nature of any of their businesses. 

E. With respect to our opinions set forth in opinion paragraph 1, with your permission, we are relying solely and without independent
investigation on our review and examination of (i) with respect to the valid existence and good standing of the Credit Parties, the Good Standing Certificates, and (ii) with respect to entity power and authority of the Credit Parties, the
Charter Documents and applicable statutes governing the incorporation or formation of the Credit Parties, as such statutes appear in a standard compilation thereof and, without regard to any rules or regulations promulgated under such statutes or
any judicial or administrative interpretation thereof. 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 6 

 

 F. In giving our opinion set forth in opinion paragraph 2, (i) with respect to the due
execution of the Loan Documents, we have relied solely upon the incumbency and signature certificates referred to above with respect to the identity and signatures of the signatories, and (ii) with respect to due authorization to execute,
deliver and perform the Loan Documents, no opinion is expressed with respect to internal authorizations of any entity that is a partner, member or manager of any Credit Party that is a general or limited partnership or limited liability company,
unless such partner, member or manager is a Credit Party. 
 G. Our opinions are subject to (i) the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally, including, without limitation, fraudulent transfer or fraudulent conveyance laws; (ii) the effect of public policy considerations, statutes or
court decisions that may limit rights to obtain exculpation, indemnification or contribution (including, without limitation, indemnification regarding violations of the securities laws and indemnification for losses resulting from a judgment for the
payment of any amount other than in United States dollars); (iii) the effect of general principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing) and the availability of equitable
remedies (including, without limitation, specific performance and equitable relief), regardless of whether considered in a proceeding in equity or at law; and (iv) the effect of certain laws and judicial decisions which may render unenforceable
in whole or in part certain rights and remedies provided in the Security Agreement (including any thereof which conflict with, are rendered ineffective by or are not permitted under Article 9 of the Uniform Commercial Code as in effect in any
applicable jurisdiction, or are in conflict with any other laws governing foreclosure and disposition procedures or limitations on attorneys’ or trustee fees), but the inclusion of such rights and remedies in the Security Agreement does not
affect the validity of the Security Agreement, or render the Security Agreement inadequate for the practical realization of the security interests and liens afforded thereby (except for the economic consequences of procedural or other delay that may
arise from compliance with applicable law), upon a material default by the Borrower in the payment of principal or interest as provided in the Credit Agreement or upon another material Event of Default as defined therein. 

H. No opinion is expressed herein with respect to the validity, binding effect or enforceability of (i) any provision of the Loan
Documents allowing any party to exercise any remedial rights without notice to any Credit Party; (ii) any waiver of demand or notice by any Credit Party, or any waiver of any rights or any defense which as a matter of law or public policy
cannot be waived, in either case to the extent contained in the Loan Documents; (iii) any provision of the Loan Documents purporting to prohibit, restrict or condition the assignment of any agreement or instrument to the extent the same is
rendered ineffective by Sections 9-406 through 9-409 of the Uniform Commercial Code as in effect in a relevant jurisdiction; (iv) any provision of the Loan
Documents purporting to establish evidentiary standards; (v) any provision of the Loan Documents purporting to establish the subject matter jurisdiction of the United States District Court to adjudicate any controversy related to any of the
Loan Documents; (vi) any provision of the Loan Documents purporting to entitle the Collateral Agent, any Lender or any other Person to specific performance of any provision thereof; (vii) any provision of the Loan Documents requiring a
Person to cause another Person to take or to refrain from taking action under circumstances in which such Person does not control such other Person; (viii) any provision of the Loan Documents providing for the effectiveness of service of
process by mail in any suit, action or proceeding of any nature arising in 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 7 

 

 connection with or in any way relating to any Loan Document; (ix) any provision of the Loan Documents
requiring waivers or amendments to be in writing insofar as such provision suggests that oral or other modifications, amendments or waivers could not be effectively agreed upon by the parties or that the doctrine of promissory estoppel might not
apply; (x) any provision of the Loan Documents stating that rights or remedies are not exclusive, that every right or remedy is cumulative and may be exercised in addition to any other right or remedy, that the election of some particular
remedy does not preclude recourse to one or more others or that failure to exercise or delay in exercising rights or remedies will not operate as a waiver of any such right or remedy; (xi) any liquidated damage or other provision of the Loan
Documents that imposes (or is deemed or construed to impose) a penalty or forfeiture; (xii) any provision of the Loan Documents appointing one party as an
attorney-in-fact for an adverse party; (xiii) any provision of the Loan Documents purporting to limit the liability of any party thereto to third parties;
(xiv) any provision of the Loan Documents stating that time is of the essence; (xv) any provision of the Loan Documents that constitutes (or is construed to constitute) an agreement to agree; (xvi) any right of setoff to the extent
asserted by a participant in the rights of a Lender under the Loan Documents; (xvii) any provision of the Loan Documents that may be deemed to impose on the Collateral Agent standards of care for the custody or preservation of Collateral in the
possession or control of the Collateral Agent to the extent such standards of care violate, or are otherwise rendered unenforceable by, Section 9-207 or 9-208 of
the New York UCC; (xviii) any provision of the Loan Documents insofar as it purports to provide for a power of sale; (xix) any provision of the Loan Documents insofar as it purports to provide for a waiver of a right of reinstatement;
(xx) any provisions of the Loan Documents regarding “bail-in” statutes or similar laws; or (xxi) any provision of the Loan Documents that would require payment of (A) any unamortized
original issue discount (including any original issue discount effectively created by payment of a fee), or (B) the closing or arrangement fees, to the extent they are considered to be fees for the “brokerage, soliciting, driving or
procuring of a loan” and exceed 0.50% of the amount thereof in violation of New York General Obligations Law Section 5-531. 

I. No opinion is expressed herein with respect to the validity, binding effect or enforceability of any provision of the Loan Documents insofar
as it purports to effect a choice of governing law or choice of forum for the adjudication of disputes or with respect to the acceptance by a federal court located in the State of New York of jurisdiction of a dispute arising under the Loan
Documents, other than (a) the enforceability by a New York State court under New York General Obligations Law Section 5-1401 of the choice of New York State law as the governing law of the Loan
Documents (subject, however, to the extent limited by the Constitution of the United States and by Section 1-301 of the New York UCC), and (b) the enforceability by a New York State court under New
York General Obligations Law Section 5-1402 of New York State courts as a non-exclusive forum for the adjudication of disputes with respect to the Loan Documents.

 J. With respect to our opinions set forth in opinion paragraph 4 regarding the Reviewed Agreements and the Charter Documents, we have not
reviewed, and express no opinion on, (i) financial covenants or similar provisions requiring financial calculations or determinations to ascertain whether there is any breach of or default under such provisions or (ii) provisions relating
to the occurrence of a “material adverse effect,” “material adverse change” or words of similar import. In addition, our opinions relating to the Reviewed Agreements are subject to the effect on the Reviewed Agreements of
(x) the introduction of extrinsic evidence to interpret the terms thereof and (y) any non-written modifications thereof. Moreover, our opinions relating to those agreements are based solely upon the
plain meaning of their language without regard to interpretation or construction that might be indicated by the laws governing those agreements. 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 8 

 

 K. We express no opinion with respect to (i) the right, title or interest of any Credit
Party in or to any property, or (ii) except as expressly set forth in opinion paragraph 8, the creation or perfection of any security interests or liens, or (iii) the priority of any security interests or liens. 

L. Our opinions set forth in opinion paragraph 8 are subject to the following additional exceptions, qualifications and limitations: 

1. We express no opinion with respect to (a) any law other than Article 9 and, to the extent applicable, Article 8 of the Uniform
Commercial Code as in effect in the State of New York or the State of Delaware (each such Uniform Commercial Code being referred to as a “Relevant UCC” and each such State being referred to as a “Relevant
Jurisdiction”), or (b) the effect on the opinions expressed in opinion paragraph 8 of any law other than the New York UCC or any other Relevant UCC. We express no opinion as to the applicability or effect of the choice of law rules of
the Hague Securities Convention. For purposes of this opinion, “Hague Securities Convention” means the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, concluded 5 July 2006.

 2. We have assumed that neither the Collateral Agent nor any of the Lenders has waived, subordinated or agreed to any modification of the
perfection or priority of any of the security interests granted pursuant to the Security Agreement. 
 3. We have assumed (a) that each
of the Security Agreement and the Financing Statements reasonably identifies the Collateral purported to be covered thereby and (b) the accuracy of all information relating to the secured party as set forth in the Financing Statement(s) and we
do not express any opinion on the effect of Excluded Assets (as defined in the Security Agreement) on the sufficiency of the description of the Collateral. 

4. We have assumed that (a) each of the Credit Parties has rights in the Collateral or the power to transfer rights in the Collateral
(within the meaning of Section 9-203 of the New York UCC and each other Relevant UCC) in which it has granted security interests pursuant to the Security Agreement, and (b) value has been given
(within the meaning of Section 9-203 of the New York UCC and each other Relevant UCC) for the grant of the security interests pursuant to the Security Agreement. 

5. We express no opinion as to any part of the Collateral that consists or will consist of fixtures, cooperative interests, consumer goods,
farm products, commercial tort claims, timber to be cut, or as-extracted collateral. 
 6. We express
no opinion as to any part of the Collateral not subject to Article 9 or, to the extent applicable, Article 8 of the New York UCC or another Relevant UCC. 

7. Section 552 of the United States Bankruptcy Code limits the extent to which property acquired by a debtor after the commencement of a
case under the United States Bankruptcy Code may be subject to a security interest arising from a security agreement entered into by the debtor before the commencement of such case. 

8. We call to your attention that under the New York UCC and each other Relevant UCC, events occurring subsequent to the date hereof or the
passage of time may affect any security interest subject to such Uniform Commercial Code including, but not limited to, factors of the type identified in: 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 9 

 

 Section 9-315 with respect to proceeds; Section 9-507 with respect to changes in name; Section 9-316 with respect to changes in the location of the collateral and changes in the location of the debtor, in
each case, to the extent the same was relevant to the initial perfection of the applicable security interest; Section 9-508 with respect to new debtors becoming bound as a debtor by a security agreement
entered into by another person or entity; Section 9-339 with respect to subordination agreements; Section 9-515 with respect to continuation statements;
Sections 9-320, 9-321, 9-330, 9-331 and 9-332
with respect to subsequent purchasers or transferees of any collateral; and Sections 9-335 and 9-336 with respect to goods which are, or may become, accessions or
commingled goods. In addition, actions taken by a secured party (e.g., releasing or assigning the security interest, delivering possession of the collateral to a debtor or another person, expiration or termination of a control agreement or
other event resulting in the loss of control of collateral or voluntarily subordinating a security interest) may affect any security interest subject to the New York UCC or another Relevant UCC. 

M. We express no opinion as to the assignment or transfer of any interest, or the creation, attachment, validity, perfection or enforceability
of any security interest, in Collateral that consists of any account, chattel paper, document, goods, instrument, promissory note, investment property or general intangible (including, without limitation, any agreement, contract, permit, license or
franchise) if and to the extent (i) such assignment or transfer, or the creation, attachment, perfection or enforceability of such security interest, is, or is construed to be, in violation of any prohibition, limitation or restriction
contained in an agreement or instrument or a law, statute or regulation applicable to, or purporting to be applicable to, such Collateral, and (ii) such prohibition, limitation or restriction is not rendered, or deemed to be rendered,
ineffective under and pursuant to Section 9-406, 9-407 or 9-408 of an applicable Uniform Commercial Code. 

N. We render no opinion regarding (i) the necessity of any consent, approval or authorization, or the contravention of any law or
agreement, arising from any Credit Party’s execution or delivery of, or performance of its obligations under, any Loan Document, (ii) the validity, binding effect or enforceability of any Loan Document with respect to any Credit Party, or
(iii) the creation, perfection or enforceability of any security interest or lien pursuant to any Loan Document, in each case set forth in clauses (i), (ii) and (iii), to the extent that such Loan Document involves any obligation (including any
guaranty) of such Credit Party, or any grant of a security interest or lien to secure any obligation (including any guaranty) of such Credit Party, with respect to any “swap” (as such term is defined in the Commodity Exchange Act) if such
Credit Party is not an “eligible contract participant” (as such term is defined in the Commodity Exchange Act and is from time to time interpreted by the Commodity Futures Trading Commission (or its successor) in its regulations, orders,
letters or other announcements) at the time such obligation is incurred, or such security interest or lien is granted, by such Credit Party. 

Without limiting any of the other limitations, exceptions and qualifications stated elsewhere herein (including, without limitation,
qualification paragraph A with respect to Excluded Laws), we express no opinion with regard to any law other than, as in effect on the date of this opinion letter, (i) the internal laws of the State of New York; (ii) with respect to
opinion paragraph 8, and to the extent set forth therein, Articles 8 and 9 of the Relevant UCCs; (iii) to the extent set forth in opinion paragraph 1 with respect to each Credit Party, in opinion paragraph 2 with respect to the due
authorization and execution by each Credit Party of the Loan Documents to which it is a party and in opinion paragraph 4 with respect to violation of the Delaware General Corporation Law, Delaware Limited Liability Company Act or Charter Documents
of each Credit Party, the Delaware General Corporation Law or Delaware Limited Liability Company Act, as applicable (in each case, based solely upon our review of a standard compilation thereof 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 10 

 

 without regard to any rules or regulations promulgated thereunder or any judicial or administrative
interpretation thereof); and (iv) the federal laws of the United States. Although we are not admitted to practice in the State of Delaware and have not obtained opinions of counsel admitted in the State of Delaware with respect to the
perfection or the continued perfection or the priority of the security interests created by the Security Agreement in the Collateral covered thereby, we have examined the applicable provisions of Articles 8 and 9 of the Delaware UCC as currently in
effect in the State of Delaware, as those provisions appear in standard compilations thereof (without regard to any regulations promulgated thereunder or any judicial or administrative interpretations thereof), and our opinions expressed in opinion
paragraph 8, to the extent such opinions involve conclusions as to any Financing Statement being in appropriate form for filing and as to perfection of such security interests under the laws of the State of Delaware, are based solely upon such
review. We are not engaged in practice in the State of Delaware and, without limitation, we do not express any opinion regarding any Delaware contract law. We have assumed without independent investigation that each limited liability company
agreement of a Credit Party that is a limited liability company is (A) a legal, valid and binding obligation of each party thereto, enforceable against it in accordance with its terms, (B) in full force and effect, and (C) the entire
agreement of the parties pertaining to the subject matter thereof; to the extent that our opinions are dependent on the interpretation of such agreement, it is based on the plain meaning of the provisions thereof in light of the Delaware Limited
Liability Company Act. 
 This opinion letter deals only with the specified legal issues expressly addressed herein, and you should not
infer any opinion that is not explicitly addressed herein from any matter stated in this opinion letter. The opinions expressed herein are to be governed by the law of the State of New York and shall be construed in accordance with the customary
practice in New York of lawyers who regularly give, and lawyers who regularly advise opinion recipients regarding, opinions of the kinds contained herein. 

This opinion letter is solely for the benefit of the addressees in connection with the Loan Documents. Without our prior written consent, this
opinion letter may not be relied upon by the addressees for any other purpose or relied upon by any other Person, or furnished, assigned, or quoted to any other Person, except that this opinion letter may be (i) furnished to (but may not be
relied upon by) accountants and counsel for any Lender on the basis that they make no further disclosure, and any bank regulatory authority having jurisdiction over any Lender which requires such Lender to furnish this opinion letter and
(ii) pursuant to judicial process or governmental order. This opinion letter speaks only as of the date hereof and is not to be deemed to have been reissued by any subsequent delivery of a copy hereof. We expressly disclaim any responsibility
to advise you or any other Person of any development or circumstance of any kind, including any change in law or fact, that may occur after the date of this opinion letter that might affect the opinions expressed in this opinion letter. Furthermore,
all rights hereunder may be asserted only in a single proceeding by and through the Agent or the Required Lenders. 
 Notwithstanding the
restrictions on reliance in the immediately preceding paragraph, at your request, we hereby consent to reliance on the opinions expressed herein, solely in connection with the Transaction Documents, by any party that becomes a Lender subsequent to
the date of this opinion letter in accordance with the provisions of the Credit Agreement (each, an “Additional Lender”) as if this opinion letter were addressed and delivered to such Additional Lender on the date hereof, on the
conditions and understanding that (i) any such reliance (A) must be actual and reasonable under the circumstances existing at the time such Additional Lender becomes a Lender, including any circumstances relating to changes in law, facts
or any other developments known to or reasonably knowable by such Additional Lender at such time and (B) can occur only after such Additional Lender’s consultation concerning this opinion letter with 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 11 

 

 counsel experienced in secured lending matters, (ii) our consent to such reliance shall not constitute a
reissuance of this opinion letter or otherwise extend any statute of limitations period applicable hereto on the date of this opinion letter, and (iii) in no event shall any Additional Lender have any greater rights with respect hereto than the
original addressees of this opinion letter. 
 Very truly yours, 

 To the Agent, the Issuing Banks and the Lenders 

May 2, 2018 
 Page 12 

 

 Schedule A 

Subsidiaries of Borrowers 
  

					
	 Name of Credit Party
	  	 Type of Organization
	  	 Jurisdiction of

Organization

	PBF Power Marketing LLC	  	Limited Liability Company	  	Delaware
			
	PBF Investments LLC	  	Limited Liability Company	  	Delaware
			
	PBF Finance Corporation	  	Corporation	  	Delaware
			
	PBF Services Company LLC	  	Limited Liability Company	  	Delaware
			
	PBF International Inc.	  	Corporation	  	Delaware
			
	PBF Energy Western Region LLC	  	Limited Liability Company	  	Delaware
			
	Torrance Logistics Company LLC	  	Limited Liability Company	  	Delaware

 Schedule B 

Reviewed Agreements 
 That certain
Indenture, dated as of November 24, 2015 by and among Holdings, PBF Finance Corporation, the guarantors listed on the signature pages thereto, Wilmington Trust, National Association, as Trustee and Deutsche Bank Trust Company as paying agent,
registrar, transfer agent, authenticating agent and collateral agent as amended by that certain First Supplemental Indenture, dated as of July 29, 2016, among PBF Western Region LLC, Torrance Refining Company LLC, Torrance Logistics Company
LLC, Wilmington Trust, National Association and Deutsche Bank Trust Company Americas. 
 That certain Indenture, dated as of May 30, 2017 by and among
Holdings, PBF Finance Corporation, the guarantors listed on the signature pages thereto, Wilmington Trust, National Association, as Trustee, and Deutsche Bank Trust Company as paying agent, registrar, transfer agent, authenticating agent and
collateral agent. 

 EXHIBIT O 

[Form of] 
 SOLVENCY CERTIFICATE

 May 2, 2018 
 The
undersigned, each an authorized representative of PBF Holding Company LLC, a Delaware limited liability company (“Holdings”), Paulsboro Refining Company LLC, a Delaware limited liability company (“Paulsboro”),
Delaware City Refining Company LLC, a Delaware limited liability company (“Delaware City”), Toledo Refining Company LLC, a Delaware limited liability company (“Toledo”) Chalmette Refining, L.L.C, a Delaware limited
liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company (“Torrance”), DO HEREBY CERTIFY, to the best of my knowledge, on behalf of Borrowers, and not in
any individual capacity, that: 
 1. This Certificate is furnished pursuant to Section 4.01(d) of the Senior Secured Revolving Credit
Agreement dated as of May 2, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Holdings, Delaware City, Paulsboro, Toledo, Chalmette and Torrance (and
together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent (in such
capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Capital USA LLC, BNP Paribas, Citibank,
N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as the Joint Lead Arrangers and Joint Bookrunners
(in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the “Co-Syndication Agents”), and
Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, the
“Co-Documentation Agents”). 
 2. I am familiar with the historical and current
financial condition of the Loan Parties on a consolidated basis as an authorized officer of such Loan Party. In preparing this certificate, I have made such investigations and inquiries as I deem necessary and prudent in connection with the matters
set forth herein and have reviewed the terms of the Credit Agreement and the other Loan Documents. 

  
 O-1 

 3. Based upon the foregoing, I have reached the conclusions that as of the date hereof, after
giving effect to the Transactions (including the incurrence of the Loans) to be consummated on the date of this certificate: 
 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) 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 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. 
 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 

  
 O-2 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date first written above. 

 

			
	PBF HOLDING COMPANY, LLC
		
	By:	 	  

		 	Name:
		 	Title:       [Financial Officer]
	
	PAULSBORO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:       [Financial Officer]
	
	DELAWARE CITY REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:       [Financial Officer]
	
	TOLEDO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:       [Financial Officer]
	
	CHALMETTE REFINING, L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:       [Financial Officer]
	
	TORRANCE REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:       [Financial Officer]

  
 O-3 

 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 Senior Secured Revolving Credit
Agreement dated as of May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability
company (“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative
Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN
AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as
the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the
“Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the Co-Documentation Agents (in such capacity, the
“Co-Documentation Agents”), and is subject to the terms of the Credit Agreement and shall be pledged by each Payee pursuant to the 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 Security Agreement with respect to this Note. 

  
 P-1 

 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), 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 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. 

  
 P-2 

 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:
	
	PBF INVESTMENTS LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	TOLEDO REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 P-4 

			
	 PBF FINANCE CORPORATION
  

	By:	 	  

		 	Name:
		 	Title:
	
	PBF SERVICES COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CHALMETTE REFINING, L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:
	
	TORRANCE REFINING COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 P-5 

 
			
	PBF ENERGY WESTERN REGION LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	TORRANCE LOGISTICS COMPANY LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	PBF INTERNATIONAL INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 P-6 

 EXHIBIT Q 

[Form of] 
 NON-BANK CERTIFICATE 
 Reference is made to the Senior Secured Revolving Credit Agreement dated as of
May 2, 2018 (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”), Chalmette Refining, L.L.C., a Delaware limited liability company (“Chalmette”), and Torrance Refining Company LLC, a Delaware limited liability company
(“Torrance” and together with Holdings, Delaware City, Paulsboro, Toledo and Chalmette, “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, Bank of America, N.A., as an Issuing Bank, Administrative Agent (in such capacity, the “Administrative
Agent”), Collateral Agent (in such capacity, the “Collateral Agent”), and as Swingline Lender (in such capacity, the “Swingline Lender”), Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN
AMRO Capital USA LLC, BNP Paribas, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Deutsche Bank Trust Company Americas, MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada and Wells Fargo Bank, National Association, as
the Joint Lead Arrangers and Joint Bookrunners (in such capacity, the “Joint Lead Arrangers”) and as the Co-Syndication Agents (in such capacity, the
“Co-Syndication Agents”), and Barclays Bank PLC, Societe Generale, SunTrust Bank, Regions Bank and Sumitomo Mitsui Banking Corporation as the
Co-Documentation Agents (in such capacity, 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-1knd-ex101_21.htm

EXHIBIT 10.1

 

AMENDMENT NO. 3 TO THE SECOND AMENDED AND RESTATED MASTER LEASE AGREEMENT NO. 5

THIS AMENDMENT NO. 3 TO THE SECOND AMENDED AND RESTATED MASTER LEASE AGREEMENT NO. 5 is effective as of March 27, 2018 (this “Amendment”), by and among Kindred Healthcare, Inc., a Delaware corporation (“Kindred”), Kindred Healthcare Operating, Inc., a Delaware corporation and direct, wholly-owned subsidiary of Kindred (“Operator,” and together with Kindred, the “Tenants”), and Ventas Realty, Limited Partnership, a Delaware limited partnership (“Ventas”) and amends that certain Second Amended and Restated Master Lease Agreement No. 5, dated as of November 11, 2016 (as amended from time to time, the “Master Lease”).  Each of Kindred, Operator and Ventas is referred to, individually, as a “Party” and, collectively, they are referred to as the “Parties”.

RECITALS

WHEREAS, the Parties desire to amend the Master Lease; and 

NOW, THEREFORE, in consideration of the premises and the agreements in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

ARTICLE I
DEFINITIONS

Section 1.1Definitions.  Capitalized terms used in this Amendment and not otherwise defined herein have the respective meanings given to them in the Master Lease.

Section 1.2Rules of Construction.

(a)The Parties acknowledge that each Party and its attorneys have reviewed this Amendment and that any rule of construction to the effect that any ambiguities are to be resolved against the drafting Party, or any similar rule operating against the drafter of an agreement, shall not be applicable to the construction or interpretation of this Amendment.  Prior drafts of this Amendment are not an indication of the Parties’ intent and shall not be applicable to the construction or interpretation of this Amendment.

(b)The words “includes” and “including” shall mean “including, without limitation” and the word “or” shall not be exclusive.

(c)Any reference to any Person in this Amendment shall, unless otherwise expressly provided in this Amendment, be a reference to such Person and its respective successors and assigns.

 

 

ARTICLE II
AMENDMENTS

Section 2.1Exhibit C.  Effective as of the date hereof, Exhibit C of the Master Lease is amended and restated in its entirety to read as set forth in Attachment 1 attached to and made a part of this Amendment.

ARTICLE III
MISCELLANEOUS

Section 3.1Entire Agreement.  This Amendment supersedes all prior discussions and agreements between the Parties with respect to the subject matter hereof and this Amendment contains the sole and entire agreement between the Parties hereto with respect to the subject matter hereof.  Except as set forth in this Amendment, the Master Lease remains in full force and effect.

Section 3.2Expenses.  Except as otherwise expressly provided in this Amendment or the Master Lease, each Party shall pay its own costs and expenses incurred in anticipation of, relating to and in connection with the negotiation and execution of this Amendment.

Section 3.3Conflict; Unified Commercial Operating Lease.  In the event of a conflict between the Master Lease and this Amendment, this Amendment shall control in all events.  Except as set forth in this Amendment, the Master Lease shall remain in full force and effect.  It is acknowledged and agreed that, except as otherwise expressly provided herein or in the Master Lease, the inclusion of each of the Leased Properties on a continuing basis in the Master Lease is an essential element of the leasing transaction described in the Master Lease for Ventas, and that, except as otherwise expressly provided herein or in the Master Lease, Ventas shall not be obligated and may not be required to lease to Tenants less than all of the Leased Properties demised pursuant to the Master Lease.  It is further acknowledged and agreed that the Master Lease is not a residential lease within the meaning of the U.S. Bankruptcy Code, as amended, and that the Master Lease is an operating lease, and not a capital lease, for all accounting, tax and legal purposes. 

Section 3.4Amendment.  This Amendment may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of each Party.

Section 3.5Waiver.  Any term or condition of this Amendment may be waived at any time by the Party that is entitled to the benefit thereof, but no such waiver shall be effective unless set forth in a written instrument duly executed by or on behalf of the Party waiving such term or condition.  No waiver by any Party of any term or condition of this Amendment, in any one or more instances, shall be deemed to be construed as a waiver of the same of any other term or condition of this Amendment on any future occasion.

Section 3.6No Third Party Beneficiary.  The Parties hereby agree that the terms and provisions of this Amendment are solely for the benefit of the other Party hereto and its successors and permitted assigns, in accordance with and subject to the terms of this Amendment, and this Amendment is not intended to, and does not, confer upon any Person other 

2

 

than the Parties and their respective successors and permitted assigns any rights or remedies hereunder.

Section 3.7Binding Effect.  This Amendment is binding upon, inures to the benefit of and is enforceable by the Parties and their respective successors and permitted assigns.

Section 3.8Headings.  The headings used in this Amendment have been inserted for convenience of reference only and do not define or limit the provisions hereof.

Section 3.9Counterparts; Facsimile.  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Any facsimile or electronically transmitted copies hereof or signature hereon shall, for all purposes, be deemed originals.

Section 3.10Severability.  If any term or provision of this Amendment is to be invalid or unenforceable, such term or provision shall be modified as slightly as possible so as to render it valid and enforceable; if such provision, as modified, shall be held or deemed invalid or unenforceable, such holding shall not affect the remainder of this Amendment and the same shall remain in full force and effect.

Section 3.11Governing Law; Jurisdiction.

(a)This Amendment, and all claims or causes of action (whether at law or in equity, in contract or in tort, or otherwise) that may be based upon, arise out of or relate to this Amendment or the negotiation, execution or performance hereof, shall be governed by and construed in accordance with the laws of the State of New York, other than its doctrine regarding conflicts of laws.

(b)Each of the Parties irrevocably submits to the personal jurisdiction of any federal or state court sitting in the Commonwealth of Kentucky with respect to any dispute or controversy arises out of this Amendment, or for recognition and enforcement of any judgment in respect thereof.

(c)EACH OF THE PARTIES HERETO KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF THIS AMENDMENT.

Section 3.12Authority.  The Parties represent and warrant to each other that each of them, respectively, has full power, right and authority to execute and perform this Amendment and all corporate action necessary to do so has been taken.  In order to induce Ventas to enter into this Amendment, Tenants hereby represents and warrants to Ventas that Tenants’ entry into this Amendment does not require that any consent or approval first be obtained from any lender of Tenants or their Affiliates. 

[Signature page follows]

 

 

3

 

IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the duly authorized officer of each Party as of the date first above written.

			
	
 
	
KINDRED HEALTHCARE, INC.

	
 
	
 

	
 
	
By:
	
/s/ Cristina E. O’ Brien

	
 
	
 
	
Name: Cristina E. O’Brien

	
 
	
 
	
Title: Vice President & Real Estate Counsel

 

			
	
 
	
KINDRED HEALTHCARE OPERATING, INC.

	
 
	
 

	
 
	
By:
	
/s/ Cristina E. O’ Brien

	
 
	
 
	
Name: Cristina E. O’Brien

	
 
	
 
	
Title: Vice President & Real Estate Counsel

 

				
	
 
	
VENTAS REALTY, LIMITED PARTNERSHIP

	
 
	
 

	
 
	
By:
	
Ventas, Inc., its general partner

	
 
	
 

	
 
	
By:
	
/s/ Jason Simmers

	
 
	
 
	
Name: Jason Simmers

	
 
	
 
	
Title: Authorized Signatory

 

 

4

Attachment 1

Exhibit C

 

	
Facility ID
	
Name
	
Base Rent as of Third Amendment Effective Date
	
Transferred Property Percentage as of Third Amendment Effective Date

	
4602
	
Kindred Hospital - South Florida - Coral Gables
	
4,271,887.82 
	
3.54361%

	
4628
	
Kindred Hospital - Chattanooga
	
1,014,283.15 
	
0.84137%

	
4637
	
Kindred Hospital - Chicago (North Campus)
	
3,360,519.20 
	
2.78761%

	
4652
	
Kindred Hospital - North Florida
	
3,555,316.05 
	
2.94920%

	
4680
	
Kindred Hospital - St. Louis
	
1,371,078.64 
	
1.13734%

	
4690
	
Kindred Hospital - Chicago (Northlake Campus)
	
4,192,547.75 
	
3.47780%

	
4653
	
Kindred Hospital - Tarrant County (Fort Worth Southwest)
	
8,598,754.70 
	
7.13283%

	
4674
	
Kindred Hospital - Central Tampa
	
5,580,211.04 
	
4.62889%

	
4635
	
Kindred Hospital - San Antonio
	
1,180,003.60 
	
0.97883%

	
4647
	
Kindred Hospital - Las Vegas (Sahara)
	
4,989,465.00 
	
4.13885%

	
4660
	
Kindred Hospital - Mansfield
	
1,663,464.47 
	
1.37987%

	
4662
	
Kindred Hospital - Greensboro
	
2,370,000.00 
	
1.96596%

	
4614
	
Kindred Hospital - Philadelphia
	
1,040,000.00 
	
0.86270%

	
4664
	
Kindred Hospital - Albuquerque
	
6,564,261.05 
	
5.44518%

	
4665
	
Kindred Hospital - Denver
	
2,738,686.23 
	
2.27179%

	
4871
	
Kindred Hospital - Chicago - Lakeshore
	
3,134,560.45 
	
2.60018%

	
4611
	
Kindred Hospital - Bay Area St. Petersburg
	
3,061,213.46 
	
2.53933%

	
4633
	
Kindred Hospital - Louisville
	
5,654,798.44 
	
4.69076%

	
4638
	
Kindred Hospital - Indianapolis
	
1,179,998.56 
	
0.97883%

	
4644
	
Kindred Hospital - Brea
	
5,450,914.05 
	
4.52163%

	
4822
	
Kindred Hospital - San Francisco Bay Area
	
10,000,000.00 
	
8.29519%

	
4876
	
Kindred Hospital - South Florida - Hollywood
	
4,039,801.22 
	
3.35109%

	
4842
	
Kindred Hospital - Westminster
	
7,801,435.64 
	
6.47144%

	
4848
	
Kindred Hospital - San Diego
	
3,379,185.20 
	
2.80310%

	
4615
	
Kindred Hospital - Sycamore
	
3,986,614.23 
	
3.30697%

	
4654
	
Kindred Hospital (Houston Northwest)
	
2,802,936.78 
	
2.32509%

	
4807
	
Kindred Hospital - Ontario
	
10,000,000.00 
	
8.29519%

	
4645
	
Kindred Hospital - South Florida Ft. Lauderdale
	
1,399,997.36 
	
1.16132%

	
4685
	
Kindred Hospital - Houston
	
6,169,915.31 
	
5.11805%

	
Total
	
$120,551,849.40 
	
100.00000%

 

5

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