Document:

Amended and Restated Crude Oil Supply Agreement

 Exhibit 10.9 
 Execution Copy 
 AMENDED AND RESTATED CRUDE OIL SUPPLY AGREEMENT

 dated March 29, 2012 
 by and between 
 J.P. MORGAN COMMODITIES CANADA CORPORATION

 and 
 ST. PAUL PARK REFINING CO. LLC 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINED TERMS; PRINCIPLES OF CONSTRUCTION
	  	 	1	  
			
	        Section 1.1	 	Defined Terms	  	 	1	  
	        Section 1.2	 	Principles of Construction	  	 	1	  
	        Section 1.3	 	Single Agreement	  	 	2	  
	        Section 1.4	 	Inconsistency	  	 	2	  
		
	 ARTICLE II PURCHASE, SALE AND DELIVERY OF OIL
	  	 	2	  
			
	        Section 2.1	 	Overview	  	 	2	  
	        Section 2.2	 	Nomination of Oil to the CG Tanks	  	 	2	  
	        Section 2.3	 	Delivery of Oil to the CG Tanks and from the CG Tanks to the Refinery	  	 	8	  
	        Section 2.4	 	Title and Transfer; Risk of Loss	  	 	10	  
	        Section 2.5	 	Operational Imbalances	  	 	10	  
	        Section 2.6	 	Measurement and Testing of Oil	  	 	11	  
	        Section 2.7	 	Minimum Quality Specifications	  	 	11	  
	        Section 2.8	 	Force Majeure	  	 	11	  
	        Section 2.9	 	Purchase of Inventory at Expiration of Term	  	 	14	  
	        Section 2.10	 	WAIVER OF WARRANTIES	  	 	15	  
	        Section 2.11	 	Claims	  	 	15	  
	        Section 2.12	 	Apportionment	  	 	15	  
		
	 ARTICLE III PAYMENT TERMS AND MECHANICS
	  	 	16	  
			
	        Section 3.1	 	Estimated Payments; Purchaser Supply Transactions	  	 	16	  
	        Section 3.2	 	Actual Invoice and Payment	  	 	17	  
	        Section 3.3	 	Inability to Determine Reference Price or Index	  	 	18	  
		
	 ARTICLE IV FEES, INDEMNITIES, COSTS, ETC.
	  	 	19	  
			
	        Section 4.1	 	Supply Fee and Working Capital Fee	  	 	19	  
	        Section 4.2	 	Early Termination Fee	  	 	19	  
	        Section 4.3	 	[*]	  	 	20	  
	        Section 4.4	 	[*]	  	 	20	  
	        Section 4.5	 	Audit Rights	  	 	20	  
	        Section 4.6	 	Indemnities	  	 	20	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	        Section 4.7	 	Limitation on Liability for Costs	  	 	21	  
		
	 ARTICLE V TERM
	  	 	22	  
			
	        Section 5.1	 	Term of Agreement	  	 	22	  
		
	 ARTICLE VI REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	22	  
			
	        Section 6.1	 	Representations With Respect to Oil	  	 	22	  
	        Section 6.2	 	Mutual Representations	  	 	22	  
	        Section 6.3	 	Purchaser’s Covenants	  	 	24	  
	        Section 6.4	 	Mutual Covenants	  	 	25	  
	        Section 6.5	 	Refinery Turnaround, Maintenance and Closure	  	 	26	  
	        Section 6.6	 	Insurance	  	 	26	  
	        Section 6.7	 	Additional Insurance Requirements	  	 	27	  
	        Section 6.8	 	Parent Guaranty	  	 	27	  
	        Section 6.9	 	JPM CCC Insurance of Oil	  	 	27	  
		
	 ARTICLE VII EVENTS OF DEFAULT; REMEDIES
	  	 	28	  
			
	        Section 7.1	 	Events of Default	  	 	28	  
	        Section 7.2	 	Remedies	  	 	29	  
		
	 ARTICLE VIII MISCELLANEOUS
	  	 	33	  
			
	        Section 8.1	 	Governing Law and Submission to Jurisdiction	  	 	33	  
	        Section 8.2	 	Waivers	  	 	33	  
	        Section 8.3	 	Further Assurances	  	 	34	  
	        Section 8.4	 	Regulations	  	 	34	  
	        Section 8.5	 	Regulatory Filings	  	 	34	  
	        Section 8.6	 	No Waiver	  	 	34	  
	        Section 8.7	 	Severability	  	 	34	  
	        Section 8.8	 	Successors and Assigns	  	 	34	  
	        Section 8.9	 	Confidentiality	  	 	34	  
	        Section 8.10	 	Notices	  	 	35	  
	        Section 8.11	 	Amendments, Etc.	  	 	36	  
	        Section 8.12	 	Acknowledgments	  	 	36	  
	        Section 8.13	 	Nature of the Transaction and Relationship of Parties	  	 	36	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	        Section 8.14	 	Non-Banking Day Payments	  	 	39	  
	        Section 8.15	 	Currency Conversion	  	 	39	  
	        Section 8.16	 	Recording of Conversations	  	 	39	  
	        Section 8.17	 	Counterparts	  	 	39	  
	        Section 8.18	 	No Third Party Beneficiaries	  	 	39	  
	        Section 8.19	 	Entire Agreement	  	 	39	  
	        Section 8.20	 	Survival	  	 	39	  

  

							
	Exhibits	 				  	
			
	Exhibit A	 	 	—  	  	  	Terms and Definitions
		 				  	
	Schedules	 				  	
			
	Schedule I	 	 	—  	  	  	[Intentionally Omitted]
	Schedule II	 	 	—  	  	  	Sample Nomination and Pricing Schedule
	Schedule III	 	 	—  	  	  	[*]
	Schedule IV	 	 	—  	  	  	Form of Purchaser Supply Transaction Confirmation
	Schedule V	 	 	—  	  	  	Form of Transaction Confirmation
	Schedule VI	 	 	—  	  	  	Pricing Day Basic Rules
	Schedule VII	 	 	—  	  	  	J.P. Morgan Chase & Co. Guaranty Agreement

  
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 AMENDED AND RESTATED CRUDE OIL SUPPLY AGREEMENT 

THIS AMENDED AND RESTATED CRUDE OIL SUPPLY AGREEMENT (as the same may be amended, restated, supplemented or otherwise modified from time
to time, this “Agreement”) dated as of March 29, 2012 (the “Effective Date”) is by and between J.P. MORGAN COMMODITIES CANADA CORPORATION, a corporation organized under the laws of Canada, whose address is
Suite 600, Vintage Towers II 326 - 11th Avenue S.W., Calgary, AB T2R 0C5 (“JPM CCC”), and ST. PAUL PARK REFINING CO. LLC, a Delaware limited liability company, whose address is 301 Saint Paul Park Road, St. Paul Park, MN 55071
(“Purchaser”), and amends and restates, with effect from and after the Effective Date, the Crude Oil Supply Agreement dated December 1, 2010 (the “Original Agreement”) between JPM CCC and Purchaser. 

WHEREAS, Purchaser owns and operates a refinery located in Saint Paul Park, Minnesota (the “Refinery”) and desires a
firm supply of crude oil (“Oil”) to satisfy the demands of the Refinery; and 
 WHEREAS, JPM CCC owns or
controls, or will acquire, supplies of Oil that are sufficient to meet JPM CCC’s delivery commitments set forth in this Agreement; and 
 WHEREAS, Purchaser desires to purchase and take delivery from JPM CCC, and JPM CCC desires to sell and deliver to Purchaser, the quantities of the Types of Oil identified from time to time in the
Nomination and Pricing Schedules (as such term is defined below), subject to the terms and provisions of this Agreement. 
 NOW,
THEREFORE, in consideration of the mutual covenants and undertakings set forth in this Agreement, the Parties hereby agree as follows: 
 ARTICLE I 
 DEFINED TERMS; PRINCIPLES OF CONSTRUCTION 

Section 1.1 Defined Terms. In addition to the defined terms set forth in the body of this Agreement, the capitalized terms
listed in Exhibit A are incorporated by reference for all purposes of this Agreement and shall have the meanings set forth therein. 
 Section 1.2 Principles of Construction. All references to Sections and Schedules are to Sections and Schedules in or to this Agreement unless otherwise specified. Any reference in this
Agreement to any other documents shall be deemed to include references to such documents as the same may hereafter be amended, modified, supplemented, extended, replaced and/or restated from time to time. Unless otherwise specified, the words
“hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise specified, all
meanings attributed to defined terms herein shall be equally applicable to both the singular and plural forms of the terms so defined. The words “include”, “includes” and “including” do not limit the preceding terms or
words and shall be deemed to be followed by the words “without limitation”. 

  
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 Section 1.3 Single Agreement. All Specified Transactions are entered into in
reliance on the fact that this Agreement and all Confirmations form a single agreement between the Parties and that the Parties would not otherwise enter into any Specified Transactions. 

Section 1.4 Inconsistency. In the event of any inconsistency between the provisions of any Confirmation and this Agreement,
such Confirmation will prevail for the purposes of the relevant Transaction. 
 ARTICLE II 

PURCHASE, SALE AND DELIVERY OF OIL 
 Section 2.1 Overview. 
 (a) Purchaser and JPM CCC will agree on the
Type and quantity of Oil to be purchased by Purchaser from JPM CCC hereunder, and in accordance with and subject to the procedures set forth below, Oil shall be procured and Transactions (between Purchaser and JPM CCC) shall arise. Oil that is the
subject of Transactions shall be nominated for delivery to the CG Tanks on a monthly basis (as provided in Section 2.2), for ultimate delivery to the Refinery at the Delivery Point. 

(b) Following the delivery of any such Oil to the CG Tanks, and subject to Section 3.1, such Oil will be delivered to
Purchaser by JPM CCC at the Delivery Point (as provided in Section 2.3). 
 (c) Unless otherwise agreed in writing by
the Parties and subject to Section 2.2(f)(ii), all Oil purchased by Purchaser from JPM CCC under this Agreement [*]. 
 Section 2.2 Nomination of Oil to the CG Tanks. 
 (a) For each
Injection Month, Purchaser shall (x) determine all of the Refinery’s Oil requirements for such Injection Month for the supply to the CG Tanks for ultimate delivery to the Refinery (in accordance with Section 2.3), including
Types of Oil and desired quantities of each such Type of Oil and taking into account market availability and transit times for each such Type of Oil (the “Requirements”). All Requirements shall be determined solely by Purchaser, who
shall have the sole and exclusive responsibility for identifying opportunities to acquire from third parties Oil needed for the reliable operation of the Refinery. 
 (b) Following its determination of the Requirements (and any adjustments to such requirements) for a given Injection Month, Purchaser shall have the sole responsibility for identifying opportunities
to acquire Oil from third parties to fulfill such Requirements for such Injection Month, in each case, of the Types and quantities and at Differentials acceptable to Purchaser. Purchaser may, in its discretion, provide JPM CCC with the opportunity
to fulfill all or any part of the Requirements for any Injection Month from JPM CCC’s proprietary supplies of Oil, for a Type and quantity of Oil and at a Differential mutually agreed by Purchaser and JPM CCC. It is further understood and
agreed that in no case shall any Oil purchases to be made by JPM CCC to fulfill such Requirements extend beyond the then upcoming Injection Month (unless otherwise agreed by JPM CCC). 

  
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 (i) When an opportunity to acquire Oil from a third party for the purposes set forth in
Section 2.2(a) is identified by and is acceptable to Purchaser, Purchaser shall provide JPM CCC with a request (“Purchaser Buy Request”), and, together with a Purchaser Sell Request pursuant to Section 2.2(f)(ii)
below, a “Purchaser Request”) [*]It is understood that Purchaser shall have no authority to bind JPM CCC to, or enter into on JPM CCC’s behalf, any contract with any third party. 

(ii) In the event that Purchaser and JPM CCC mutually agree that JPM CCC shall provide Oil to Purchaser of a Type and quantity of Oil and
at a Differential acceptable to Purchaser and JPM CCC pursuant to a Transaction without a corresponding acquisition of Oil from a third party identified by Purchaser pursuant to Section 2.2(b)(i), (whether such Oil is to be provided from
JPM CCC proprietary supplies of Oil, [*], or otherwise), Purchaser shall provide JPM CCC with a purchase order (a “Purchase Order”), in writing, in the form and in a manner acceptable to JPMCCC, for such Transaction.

 (c) With respect to any Purchaser Request or Purchase Order, JPM CCC shall advise Purchaser, as promptly as practicable, of
the quantities and Types and Differentials of Oil included in such Purchaser Request or Purchase Order that JPM CCC has been able to acquire or make available pursuant to Section 2.2(b) or sell or unwind pursuant to
Section 2.2(f)(ii) (each, a “Transaction Advice”). Upon the communication or delivery by JPM CCC to Purchaser of any Transaction Advice with respect to any Purchaser Request or Purchase Order, all such Oil quantities,
Types and Differentials contained or referenced in any such Transaction Advice from JPM CCC to Purchaser shall be deemed to constitute irrevocable, unconditional and binding and enforceable transactions between JPM CCC and Purchaser pursuant to
which JPM CCC shall sell to Purchaser and Purchaser shall purchase from JPM CCC or JPMCCC shall purchase from Purchaser and Purchaser shall sell to JPMCCC, as the case may be, all such quantities of such Types of Oil at such Differentials pursuant
to and in accordance with Section 2.2(f) (each, a “Transaction”). 
 (d) In no event shall Purchaser
have the right to claim an ownership interest in any volumes of Oil prior to the transfer of title thereof pursuant to the provisions of Section 2.4 below. At all times prior to such transfer of title, JPM CCC shall be the owner of, and
have the sole dominion and control over, such Oil, including having the exclusive right to store, withdraw from storage, transport, resell or otherwise dispose of such Oil in its discretion. 

(e) Purchaser acknowledges and agrees that (a) JPM CCC is a merchant of crude oil and may, from time to time, be dealing with
prospective Counterparties, or pursuing trading or hedging strategies, in connection with aspects of JPM CCC’s business which are unrelated hereto and that such dealings and such trading or hedging strategies may be the same as, different from
or opposite to those being pursued by or for Purchaser; (b) JPM CCC may, in its sole discretion, determine whether to advise Purchaser of any potential transaction with a Counterparty and prior to advising Purchaser of any such potential
transaction JPM CCC may, in its discretion, determine not to pursue such transaction or to pursue such transaction in connection with another aspect of JPM CCC’s business and JPM CCC shall have no liability of any nature to Purchaser as a
result of any such determination; (c) JPM CCC has no fiduciary or trust obligations of any nature with respect to the Refinery or Purchaser, other than its confidentiality obligations set forth in this Agreement,[*]; (d) JPM CCC may
enter into 

  
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transactions and purchase or sell crude oil for its own account or the account of others at prices more favorable than those being paid or received by Purchaser hereunder; and (e) nothing
herein shall be construed to prevent JPM CCC, or any of its partners, officers, employees or affiliates, in any way from purchasing, selling or otherwise trading in Oil or any other commodity for its or their own account or for the account of
others, whether prior to, simultaneously with, or subsequent to any transaction under this Agreement. 
 (f) Nomination and
Pricing Schedules. 
 (i) At the close of business of each Business Day, JPM CCC shall send Purchaser a schedule in
substantially the form of the sample provided as part of Schedule II hereto (each, a “Nomination and Pricing Schedule”) that includes aggregate quantities and Monthly Weighted Average Differentials for each Type of Oil
for all Transactions pertaining to the applicable Injection Month. To the extent a separate Transaction Confirmation has not been sent in accordance with Section 2.2(j) the Nomination and Pricing Schedule shall constitute the Transaction
Confirmation for purposes of this Agreement. As promptly as practicable on the earlier of (x) the second Business Day following Purchaser’s receipt of any such Nomination and Pricing Schedule (but not later than 4 pm Central Time on such
Business Day) and (y) the Business Day immediately preceding the Pipeline Nomination Date for such Injection Month (but not later than 10 am Central Time on such Business Day), Purchaser shall advise JPM CCC of any objections to the accuracy of
such Nomination and Pricing Schedule (provided that any such objection shall be commercially reasonable, made by Purchaser in good faith and stated in writing and in reasonable detail), failing which Purchaser shall be deemed to have accepted
and agreed that such Nomination and Pricing Schedule accurately sets forth such aggregate quantities and Monthly Weighted Average Differentials of all Transactions entered into for such Injection Month, as of such Business Day. 

(ii) Purchaser may from time to time notify JPM CCC that (A) a Nomination and Pricing Schedule previously accepted in good faith by
Purchaser contains greater quantities of Oil than are required for use by the Refinery in the applicable Delivery Month or (B) in order to optimize its purchasing opportunities (provided that any such optimization shall only involve volumes and
Types of Oil that are consistent with the Requirements,), Purchaser desires to have JPM CCC sell such Oil to a third party (and/or unwind any Specified Oil Transaction, any [*], or any Specified Derivatives Transaction entered into by JPM
CCC, in whole or in part) and purchase from a third party replacement Oil (of the same or a different Type, for the same or a different price, for the same or a different Delivery Month). In any such event, it shall be the sole responsibility of
Purchaser to identify opportunities for such sale of Oil and/or to arrange the terms for such unwinds, and to identify opportunities for the purchase of any such replacement Oil; provided that in no event shall any such unwinds or sales involve Oil
that has already been delivered to the CG Tanks. In the case of any of the foregoing, Purchaser shall provide JPM CCC with a request (a “Purchaser Sell Request”), requesting JPM CCC to enter into such sale or such unwind, and shall
provide JPM CCC with a Purchaser Buy Request and/or a Purchase Order, as the case may be, with respect to any such replacement purchase. All of the conditions, limitations and requirements set forth in Section 2.2(b)(i) and (b)(ii) and Section
2.2(c) shall apply to all Purchaser Requests and Purchase Orders issued by Purchaser under this Section 2.2(f)(ii), including without limitation the following: (i) Purchaser shall have no authority to bind JPM CCC to, or enter into on JPM
CCC’s behalf, any contract (or 

  
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amendment to any contract) with any third party and (ii) [*]. To the extent any Transaction Advices are issued for such requested sales, unwinds and/or replacement purchases, the
applicable Nomination and Pricing Schedule shall be adjusted to account for them. In the event that the number of sales transactions (including without limitation sales that are incorporated within any buy-sell or similar transaction structure) that
are transacted pursuant to [*] (“Excess Sales”), Purchaser shall pay JPM CCC a fee (the “Excess Sales Fee”) in an amount equal to $[*]per Barrel of Oil that is sold pursuant to such Excess Sales. All
gains, losses, costs, expenses and/or damages, (including without limitation any loss arising from JPM CCC’s payment of a greater amount of goods and services tax (GST) on its original purchase of such Oil than it collects from its buyer on the
sale of such Oil made pursuant to this Section 2.2(f)(ii)), resulting from the foregoing adjustments, any unwinding of Transactions, and/or sales and replacement purchases (but without any duplication), shall be for the account of
Purchaser (each a “Section 2.2(f)(ii) Amount”), and the Excess Sales Fees shall also be included as a Section 2.2(f)(ii) Amount. In the event that JPM CCC has the right to reclaim any or all of the GST for which it shall have
been reimbursed by Purchaser pursuant to the parenthetical contained in the preceding sentence, JPM CCC shall make commercially reasonable efforts to reclaim such GST, and shall refund to Purchaser the amount, if any, of such GST that is returned to
JPM CCC. 
 (g) On or before the Pipeline Nomination Date for any Injection Month, the aggregate quantity of each Type of Oil
stated within the Nomination and Pricing Schedule will be nominated to the applicable Transporter(s), at the injection point pertaining to each Type of Oil, for delivery to the CG Tanks (each, a “Nomination”). Any such Nomination to
Enbridge Pipeline and Enbridge North Dakota Pipeline will be for delivery to MPL at Clearbrook, Minnesota, with the aggregate quantity from both pipelines nominated from the Minnesota Pipeline at Clearbrook, Minnesota to the CG Tanks. 

(h) Purchaser Supply Transactions. 
 (i) Notwithstanding anything to the contrary contained herein, the Parties agree that Purchaser may enter into agreements for the acquisition of Oil with any party and from any source so long as, with
respect to any such Oil subject to any such agreement, JPM CCC and Purchaser enter into a transaction for the same Type and quantity of Oil to be sold by Purchaser to JPM CCC at a mutually agreed price, term and delivery location, which location
shall be via pipeline unless mutually agreed otherwise (each such transaction, a “Purchaser Supply Transaction”). In the case of a Purchaser Supply Transaction that contemplates delivery at a pipeline, the delivery location for such
transaction shall, with respect to any such Oil purchased in Canada, in all instances be prior to injection into the Enbridge Pipeline mainline and which delivery location shall, with respect to any such Oil purchased in the United States, in all
instances be prior to injection into the Minnesota Pipeline. JPM CCC shall use commercially reasonable efforts to purchase Oil under a Purchaser Supply Transaction where the delivery method is other than delivery by pipeline, provided that such
Purchaser Supply Transaction satisfies each of the following requirements: [*] Each Purchaser Supply Transaction shall (A) be subject to the Standard GTCs between Purchaser and JPM CCC (except that (i) neither Section 19 of the
Standard GTCs, nor any other performance assurance or credit-related provision of the Standard GTCs, shall be applicable to Purchaser Supply Transactions and (ii) neither this Agreement, nor any Specified Transaction that is not a Purchaser
Supply Transaction shall be an Other Product Agreement (as defined in the Standard GTCs) for any purpose under the Standard 

  
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GTCs), (B) be evidenced by a Purchaser Supply Transaction Confirmation and (C) unless otherwise agreed by the Parties, be performed in accordance with the terms set forth in such
Purchaser Supply Transaction Confirmation. With respect to any proposed Purchaser Supply Transaction that is for the purchase and sale of Oil that is to be sold by Purchaser to JPM CCC and then resold by JPM CCC to Purchaser for delivery to the
Refinery, if Purchaser and JPM CCC are not able to mutually agree on the purchase price for the Type and quantity of Oil to be subject to such Purchaser Supply Transaction by 2:00 p.m. Central Time on the Day such proposal is made to JPM CCC, then
each of Purchaser and JPM CCC shall obtain an Actionable Dealer Quotation with respect to such Oil and as soon as practicable (but in no event later than 4:00 p.m. Central Time) on such Day notify the other Party of such Actionable Dealer Quotation.
If Purchaser’s proposed purchase price for the related Purchaser Supply Transaction (“Purchaser’s Offer Price”) [*] then the “mutually agreed price” for the Oil subject to such Purchaser Supply Transaction
shall be [*]. 
 (ii) If a JPM CCC Force Majeure or an Event of Default with respect to JPM CCC has occurred and is
continuing, if requested by Purchaser for the purchase and sale of Oil that is to be sold by Purchaser to JPM CCC and then resold by JPM CCC to Purchaser for delivery to the Refinery, JPM CCC shall enter into Purchaser Supply Transaction(s) with
Purchaser during the continuance of such JPM CCC Force Majeure or Event of Default as applicable; provided that the “mutually agreed price” for the Oil subject to any such Purchaser Supply Transaction shall be [*].

 (iii) In respect of each Purchaser Supply Transaction, the price payable by JPM CCC to Purchaser is exclusive of any
applicable Canadian federal or provincial sales or commodity taxes (including goods and services tax and harmonized sales tax imposed by the Excise Tax Act (Canada)), duties, or other Taxes. [*] JPM CCC and Purchaser shall act
reasonably to determine whether a supply of Oil pursuant to a particular Purchaser Supply Transaction is not subject to a particular Canadian federal or provincial sales, use or similar tax, duty or other Tax by virtue of being exempt or zero-rated,
and JPM CCC and Purchaser shall provide evidence satisfactory to the other Party and the responsible Governmental Authority as required or reasonably necessary to establish that such supply is exempt or zero-rated. 

(i) [*]. 
 (j) Binding nature of Purchaser Requests, Purchase Orders, Transaction Advices and Transactions. 
 (i) Each Purchaser Request and each Purchase Order shall constitute an irrevocable, unconditional and binding offer on the part of Purchaser to JPM CCC for Purchaser to purchase from JPM CCC at the
Delivery Point, or sell to JPMCCC at a mutually agreed location or unwind a previously-agreed purchase of Oil from JPM CCC, as the case may be, Oil of the Types, in the quantities and at the Differentials specified in such Purchaser Request or
Purchase Order. Purchaser shall not be permitted to revoke any Purchaser Request or Purchase Order unless Purchaser notifies JPM CCC of such revocation and JPM CCC confirms such revocation in writing, in each case, prior to the date and time at
which JPM CCC shall have 

  
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entered into any binding obligation with any third party to acquire any Oil from such third party pursuant to Section 2.2(b) or sell such Oil to (or unwind a purchase of Oil from)
such third party pursuant to Section 2.2(f)(ii), or shall have advised Purchaser pursuant to Section 2.2(c) of its intention to provide such Oil to Purchaser or purchase such Oil from (or unwind a purchase of Oil from)
Purchaser, as the case may be. 
 (ii) Each Transaction Advice shall constitute an irrevocable, unconditional and binding
commitment on the part of JPM CCC for JPM CCC to sell and deliver to Purchaser at the Delivery Point Oil pursuant to Section 2.2(b), or purchase Oil from (or unwind a sale of Oil to) Purchaser pursuant to Section 2.2(f)(ii),
of the Types, in the quantities and at the Differentials specified in such Transaction Advice. JPM CCC shall not be permitted to revoke any Transaction Advice unless JPM CCC notifies Purchaser of such revocation and Purchaser confirms such
revocation in writing. 
 (iii) The Parties intend that they are legally bound by the terms of each Transaction from the moment
they agree to the terms thereof (orally or otherwise) in accordance with and subject to the terms of Section 2.2(b), Section 2.2(c) and Sections 2.2(j)(i) and (j)(ii). With respect to each Transaction, JPM CCC
may prepare and deliver to Purchaser a Transaction Confirmation to further evidence such Transaction, and Purchaser shall enter into each such Transaction Confirmation with JPM CCC as soon as practicable. As promptly as practicable on the earlier of
(x) the second Business Day immediately following the Day on which any Transaction Confirmation is delivered to Purchaser (but not later than 4 pm Central Time on such Business Day) and (y) the Business Day immediately preceding the
Pipeline Nomination Date for the applicable Injection Month (but not later than 10 am Central Time on such Business Day), Purchaser shall advise JPM CCC of any objections to the accuracy of such Transaction Confirmation (provided that any
such objection shall be commercially reasonable, made by Purchaser in good faith and stated in writing and in reasonable detail), failing which Purchaser shall be deemed to have accepted and agreed that such Transaction Confirmation accurately sets
forth such agreed Transaction. Failure by either Party to send or return an executed Transaction Confirmation or any objection to any Transaction Confirmation for any Transaction shall not invalidate such Transaction. 

(k) Purchaser shall be permitted to purchase, from third party suppliers for use by the Refinery, Oil that is transported to the Refinery
by railcar, provided that (i) all such Oil is stored by Purchaser in one tank that is separate and apart from the CG Tanks, (ii) no such Oil is at any time be commingled with any Oil owned by JPM CCC, (iii) on each Business Day
Purchaser provides JPM CCC with daily reports detailing the Types and quantities of Oil that were transported by railcar and have been delivered to the Refinery on all days prior to such Business Day for which Purchaser has not already provided JPM
CCC with such daily report, (iv) Purchaser pays [*], and (v) nothing in this subsection (k) shall affect or reduce the rights of JPM CCC with respect to Oil owned by JPM CCC, fees to which JPM CCC is entitled under this
Agreement, and/or any termination rights and remedies of JPM CCC arising under or in connection with this Agreement. 

  
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 Section 2.3 Delivery of Oil to the CG Tanks and from the CG Tanks to the
Refinery. 
 (a) Following the Nominations and promptly after JPM CCC’s receipt of the MPL Delivery Schedule for a
given Month, JPM CCC shall provide Purchaser with a copy of the MPL Delivery Schedule for each Type of Oil within the Nomination and Pricing Schedule for delivery to the CG Tanks. 

(b) Subject to Section 2.3(g), JPM CCC agrees to deliver to Purchaser, and Purchaser agrees to take delivery from JPM CCC, at
the Delivery Point, the quantities and Types of Oil that are delivered to the CG Tanks in accordance with the MPL Delivery Schedule during each Delivery Month, and for the volumes equal to the quantities stated within the applicable Nomination and
Pricing Schedules. Each delivery of Oil shall be made in accordance with the then-effective CG Tanks rules and regulations, as such rules and regulations were in effect on the Original Effective Date (except as and to the extent amended,
supplemented or otherwise modified in accordance with the CG Tanks Lease Agreement). JPM CCC shall be solely responsible for arranging for the transportation of Oil to the Delivery Point and, subject to Section 4.4, for the payment of
all costs and charges invoiced or otherwise charged by each Transporter upstream or prior to the Delivery Point. Purchaser shall be solely responsible for arranging to take delivery of Oil at the Delivery Point and shall have all responsibility for
the Oil downstream of the Delivery Point. 
 (c) [*] will apply to all deliveries of Oil to Purchaser pursuant to
Transactions hereunder and JPM CCC shall determine the Type of Oil to be delivered from each individual CG Tank for sale to Purchaser at the Delivery Point pursuant to Transactions using Volumetric Accounting. 

(d) In the event that Purchaser requests any changes to any MPL Delivery Schedule for any given Delivery Month, the Parties shall use
commercially reasonable efforts to adjust such MPL Delivery Schedule accordingly; provided, however, that, subject to the other terms and provisions of this Agreement, neither Party shall be relieved of its obligation to sell and
deliver or purchase and take delivery of Oil in accordance with such MPL Delivery Schedule and the terms of this Agreement, notwithstanding any such Purchaser requested changes. 

(e) Following Purchaser’s receipt of any MPL Delivery Schedule pursuant to Section 2.3(a), Purchaser will provide JPM CCC
with a schedule of its desired daily deliveries from the CG Tanks to the Delivery Point, including the quantity and Types of Oil to be delivered to the Delivery Point (the “Refinery Delivery Schedule”); provided,
however, that the Parties agree that (i) any Refinery Delivery Schedule shall be honored only to the extent that it is consistent with the MPL Delivery Schedule and the storage capacities of the CG Tanks, (ii) Purchaser shall be
obligated to schedule for receipt and to receive Oil at the Delivery Point no later than during the Delivery Month for which such Oil has been designated on the applicable MPL Delivery Schedule, and (iii) Purchaser shall use commercially
reasonable efforts to provide Purchaser Requests and Purchase Orders to allow JPM CCC to retain in the CG Tanks at all times an aggregate amount of [*] Barrels of Oil hereunder (excluding Tank Bottoms). JPM CCC’s commercially reasonable
efforts to undertake to comply with any such instruction from Purchaser shall be subject to Sections 2.5, 2.8 and 2.12 and to there being sufficient storage capacity in the CG Tanks. 

  
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 (f) If at any time JPM CCC becomes aware that there is or will be a change in the Scheduled
Amount of Oil that will be delivered to the CG Tanks or a change in the timing of the deliveries of any quantity of Oil from those stated in any MPL Delivery Schedule, JPM CCC shall notify Purchaser as soon as practicable after becoming aware of
such change or anticipated change and provide Purchaser with a new MPL Delivery Schedule as soon as practicable after the date on which JPM CCC receives it; provided, however, that, subject to the other terms and provisions of this
Agreement, neither Party shall be relieved of its obligation to sell and deliver or purchase and take delivery of Oil in accordance with the terms of this Agreement, notwithstanding such change in such amounts or timing. 

(g) Except as set forth in any written agreement of the Parties, the obligations of JPM CCC to sell and deliver any such Oil and the
obligations of Purchaser to purchase and accept any such Oil at the Delivery Point, shall be valid, binding and enforceable against the Parties, provided that non-performance of such obligations may be excused in whole or in part with respect to a
Party only (i) upon the occurrence and during the continuance of an event of Force Majeure (including a JPM CCC Counterparty Force Majeure) in accordance with Section 2.8 below, (ii) to the extent the Party’s failure to
sell or purchase Oil is the direct result of an Operational Imbalance described in Section 2.5, or (iii) in the case of JPM CCC, to the extent the scheduling procedures of, and/or apportionment of the capacity allocated to JPM CCC
(as provided in Section 2.12) on, Transporters, including Enbridge Pipeline, Enbridge North Dakota Pipeline and the Minnesota Pipeline and in any crude oil storage tanks owned by MPL or Purchaser (including the CG Tanks), at any time and
from time to time prevent JPM CCC from complying with all or any part of its obligations under this Agreement. If any event subject to the foregoing clause (i), (ii) or (iii) occurs with respect to any Transaction and as a result thereof
JPM CCC is unable to perform all or any part of its obligations with respect to such Transaction (each, an “Affected Transaction”), the performance obligations of JPM CCC with respect to such Affected Transaction shall be
automatically reduced pro rata by the quantity or quantities of Oil for such Affected Transaction affected by such event, and where the reduction results from a JPM CCC Force Majeure, JPM CCC shall determine the quantities under this Agreement
affected by such event by allocating the reduction to which JPM CCC is subject on a proportionate basis between Purchaser and all other similarly situated nominations or other commitments of JPM CCC for the affected Type of Oil (in each case, the
quantities of such reductions being the “Affected Transaction Quantities”), and Purchaser’s payment obligations with respect to such Affected Transaction shall be reduced so as to reflect the non-purchase by Purchaser of such
Affected Transaction Quantities. 
 (h) If a Party (a “Failing Party”) fails to fully perform its obligation to
sell and deliver or to take delivery of Oil for any Delivery Day with respect to any Transaction pursuant to Article II, then the sole and exclusive remedy of the Party not in default with respect to such non-performance shall be the recovery
of the following from the Failing Party: 
 (i) If JPM CCC is the Failing Party, except to the extent that such failure to
perform is excused in accordance with Section 2.3(g), [*]. 
 (ii) If Purchaser is the Failing Party, without
regard to whether non-performance by Purchaser is excused in accordance with Section 2.3(g), [*]. 

  
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 (iii) Notwithstanding anything to the contrary contained herein, in no event shall any
Party be deemed to be a “Failing Party,” nor shall any Party’s rights and remedies be limited by this Section 2.3(h), at any time during which an Event of Default has occurred and is continuing with respect to the other
Party. 
 (iv) The non-Failing Party shall prepare in a commercially reasonable manner and deliver to the Failing Party a
written statement setting forth calculations of any such amount and the Failing Party shall pay any such amount to the non-Failing Party within [*]Banking Days of its receipt from the non-Failing Party of the foregoing calculations. To the
extent payments in connection with any quantity of Oil are settled in accordance with this Section 2.3(h), the affected quantities of Oil (A) shall be excluded from Sections 3.1 and Section 3.2 and
(B) shall be excluded from any future Monthly Invoice except to the extent any related amounts remain due and owing pursuant to this Section 2.3(h) when such Monthly Invoice is rendered. 

(v) For the avoidance of doubt, if either Party makes or receives a payment hereunder due to its or the other Party’s failure to
deliver or take delivery of Oil, neither Party shall have any further obligation under this Agreement to sell and deliver or purchase and take delivery of the Oil to which such payment related. 

Section 2.4 Title and Transfer; Risk of Loss. As between the Parties, with respect to any Oil purchased by Purchaser from
JPM CCC hereunder pursuant to any Transaction, (a) title to Oil purchased and sold hereunder shall pass from JPM CCC to Purchaser at the Delivery Point, and (b) subject to and without limiting Section 2.7 and/or
Section 4.4 of this Agreement or the CG Tanks Lease Agreement, risk of loss of Oil purchased and sold hereunder shall pass from JPM CCC to Purchaser at the Delivery Point. 

Section 2.5 Operational Imbalances. JPM CCC and Purchaser recognize that due to the normal operation of one or more of the
Transporters’ pipeline systems and/or storage facilities, certain Operational Imbalances may arise from time to time with respect to Oil sold and delivered hereunder, due to, among other things, a Transporter’s batch scheduling processes,
variations in rates of the flow of Oil, Oil transit time, inaccuracies in the measurement and allocation of Oil, and other physical reasons. Notwithstanding any other term or provision in this Agreement to the contrary, to the extent any such
Operational Imbalance occurs with respect to any Transaction during any Delivery Month and causes either JPM CCC or Purchaser to be unable to satisfy all or any part of its delivery or purchase obligation for such Transaction, such Party shall not
be deemed to be in default hereunder with respect to its delivery or purchase obligation for such Transaction and the shortfall or excess quantity of Oil (as the case may be) (the “Imbalance Quantity”) shall be carried forward to
the following Delivery Month or Delivery Months, as applicable, and settled in cash or physically settled by delivery or redelivery as soon as possible as agreed by the Parties. JPM CCC and Purchaser shall take all necessary steps to account for and
settle any such Imbalance Quantity in a commercially reasonable manner and shall adjust future nominations and deliveries of Oil in accordance with the foregoing provisions. If an imbalance has been settled through the Enbridge Pipeline auto
balancing procedure, then the quantity of the imbalance so settled will be flowed through directly by JPM CCC to Purchaser, such that any quantity sold to Enbridge Pipeline shall be deducted from such delivery obligation and any quantity purchased
from Enbridge Pipeline will be added to such delivery 

  
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obligation, and the gains or losses incurred by JPM CCC (calculated (i) with respect to quantities sold to Enbridge Pipeline, as the difference between the Contract Value for the affected
quantity, except that the date on which such amount would otherwise be due, and the price discounted, using LIBOR interest rates, to such re-determined date, shall each be determined by JPM CCC in a commercially reasonable manner, and the amount
received by JPM CCC for the quantity it was required to sell to Enbridge Pipeline in accordance with such auto balancing, and (ii) with respect to quantities purchased from Enbridge Pipeline, as the price paid to Enbridge Pipeline plus all
other costs incurred by JPM CCC in accordance with Section 4.4) shall be for the account of Purchaser and shall be added to the Monthly Invoice in Section 3.2. 

Section 2.6 Measurement and Testing of Oil. Each quantity of Oil to be delivered and received hereunder will be gauged or
measured both at the custody transfer meter where the Minnesota Pipeline delivers Oil to the CG Tanks and at the Delivery Point by Purchaser, whether as lessor of the CG Tanks or as owner and operator of the Refinery, with daily volumes reported by
Purchaser to JPM CCC as soon as practicable on the Day following each Delivery Day. Promptly after the close of each Month, Purchaser shall provide JPM CCC with a report summarizing for such Month all receipts and deliveries of JPM CCC’s Oil
into and out of the CG Tanks, the dates of each receipt, the beginning storage inventory and the ending inventory (provided that, at JPM CCC’s request, Purchaser shall provide such reports on a more frequent basis). The book inventory shall be
established based on such reports and such book inventory shall be adjusted to match the physical inventory established in accordance with the inspections permitted under Section 4.9 of the CG Tanks Lease Agreement, and all resulting gains or
losses (including any losses due to evaporation, line losses and/or shrinkage under the CG Tanks Lease Agreement, calculated based on the Contract Value for the affected quantity, except that the date on which such amount would otherwise be due, and
the price discounted, using LIBOR interest rates, to such re-determined date, shall each be determined by JPM CCC in a commercially reasonable manner) shall be for the account of Purchaser and shall be added to the Monthly Invoice in
Section 3.2. 
 Section 2.7 Minimum Quality Specifications. To the extent that Oil sold and delivered
by JPM CCC to Purchaser hereunder during any Delivery Day that was acquired by JPM CCC pursuant to a Transaction varies from the Minimum Quality Specifications applicable to such Oil, including to the extent of any damage or loss resulting from a
change in the density or other quality of Oil delivered by a Transporter from the density or other quality of Oil tendered to such Transporter by JPM CCC (each, a “Defect”), in accordance with Section 2.11, [*]

 Section 2.8 Force Majeure. 
 (a) A Party shall be excused from the performance of its obligations with respect to any Transaction to the extent its performance of such obligations is prevented, in whole or in part, due to the
occurrence of an event of Force Majeure. The Party affected by the event of Force Majeure shall use commercially reasonable efforts to avoid, overcome, or mitigate the event of Force Majeure. In addition, for purposes of this Agreement, (i) to
the extent that a declaration of force majeure is made by any third party, [*], any other supplier of Oil to JPM CCC, or any Transporter (each, a “JPM CCC Counterparty”) during the time period covered by any Nomination and
Pricing Schedule which affects JPM CCC’s supply and/or the 

  
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timing of JPM CCC’s receipt of one or more Types of Oil covered by such Nomination and Pricing Schedule (each, a “JPM CCC Counterparty Force Majeure”), the occurrence of
such JPM CCC Counterparty Force Majeure shall be deemed to constitute a JPM CCC Force Majeure hereunder to the extent that JPM CCC’s supply and/or timing is thereby affected, and (ii) to the extent that a declaration of force majeure is
made by any third party that prevents delivery of Refinery products, no tankage capacity is available on a commercially reasonable basis to Purchaser and Purchaser has used commercially reasonable efforts to deliver Refinery products to other third
parties, the occurrence of such third party force majeure shall be deemed to constitute a Purchaser Force Majeure hereunder to the extent that Purchaser’s deliveries of Refinery products are prevented. 

(b) In the event that a Party believes that an event of Force Majeure has occurred that will require it to invoke the provisions of this
Section 2.8, such Party shall notify the other Party as soon as possible in writing of such event of Force Majeure, the underlying circumstances of the causes of such event of Force Majeure, the expected duration thereof and the
Transactions and volumes of Oil affected by such event of Force Majeure. 
 (c) Notwithstanding any term or provision of this
Section 2.8, nothing contained in this Agreement shall (i) excuse or release a Party of its obligations to make payments when due with respect to obligations accruing prior to the occurrence of the Force Majeure and (ii) with
respect to a Purchaser Force Majeure, excuse or release the Purchaser of its obligations under Sections 2.3(h), 2.8(g) and 4.4. 
 (d) When the event of Force Majeure no longer prevents the performance by the claiming Party of its affected obligations hereunder, such claiming Party shall provide notice to the other Party that such
event of Force Majeure has ceased and the date on which the claiming Party will be capable of resuming the performance of its obligations hereunder, which date shall be as soon after the cessation of the event of Force Majeure as is commercially
reasonable. 
 (e) If a JPM CCC Force Majeure exists that affects any Transaction, Purchaser shall, notwithstanding anything to
the contrary contained herein, but only to the extent of quantities that JPM CCC is prevented from supplying due to the JPM CCC Force Majeure, be entitled to purchase corresponding quantities of Oil from one or more third Persons, with any such
purchase of Oil made in accordance with the terms set out in Section 2.2(h)(ii), until JPM CCC has resumed its obligations with respect to such Transaction hereunder. If a Force Majeure exists, JPM CCC shall, in addition to its rights
under Sections 2.8(g) and 4.4, and acting in a commercially reasonable manner, be entitled to (i) market and dispose of the affected Oil to be purchased by Purchaser hereunder to one or more other Persons until resumption of the
obligations affected by such Force Majeure hereunder and (ii) all gains, losses, costs, expenses and/or damages resulting from the foregoing activities shall be for the account of Purchaser (each a “Section 2.8(e) Amount”).

 (f) Notwithstanding anything to the contrary contained in this Agreement, from the date of the occurrence of an event of Force
Majeure until the affected Party has resumed its performance obligations on the date set forth in the resumption notice described in Section 2.8(d), (i) JPM CCC will not be obligated to purchase alternate replacement Oil to

  
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supply to Purchaser, and (ii) Purchaser will not be obligated to purchase alternate replacement Oil from JPM CCC; provided, however, that the Parties shall discuss and consider
alternatives to the Transactions that are affected by such Force Majeure, and if Purchaser desires that JPM CCC enter into Transactions to replace those Transactions affected by the event of Force Majeure, and Purchaser is able to identify
opportunities to purchase such replacement Oil, Purchaser shall provide JPM CCC with a new Purchaser Buy Request or Purchase Order, as applicable, and JPM CCC will follow the procedures of Section 2.2 to acquire Oil for sale and delivery
to Purchaser in accordance with such Purchaser Buy Request or Purchase Order, provided that Purchaser shall be responsible for all costs incurred by JPM CCC in connection with the Transactions affected by the event of Force Majeure and with
any new Transactions entered in accordance with such Purchaser Buy Request or Purchase Order. 
 (g) Notwithstanding anything to
the contrary contained in this Agreement, Purchaser shall be liable to JPM CCC for all costs, expenses, damages and losses (not paid by insurance) incurred by JPM CCC due to (i) a failure by Purchaser to take delivery from JPM CCC during a
Purchaser Force Majeure of any Oil acquired by JPM CCC for delivery to Purchaser under this Agreement (including, without duplication, any amounts payable pursuant to Sections 2.3(h) and 4.4) and (ii) a failure of JPM CCC to
deliver Oil to Purchaser under this Agreement during a JPM CCC Force Majeure; provided, to the extent that Oil to which JPM CCC has title and risk of loss as provided in Section 2.4 is not insured by JPM CCC on the same terms as JPM CCC
maintains insurance on its crude oil inventory generally, then any insurable loss shall be for the account of JPM CCC and not for the account of or payable by Purchaser. 
 (h) If either a JPM CCC Force Majeure event or a Purchaser Force Majeure event occurs and continues for a consecutive period of longer than [*] Days and such event prevents the sale and delivery by
JPM CCC or the purchase and taking by Purchaser of a material quantity ([*]) of the Oil subject to this Agreement, then either Party may designate a termination date (the “Force Majeure Termination Date”) upon not less than
[*]and not more than [*]Business Days’ notice to the other Party, provided that the subject Force Majeure event is continuing when the notice of termination is provided. 

(i) Upon such Force Majeure Termination Date, the Parties’ obligations hereunder shall terminate, except for (i) the obligation
to pay any Unpaid Amounts and (ii) the provisions of Sections 2.9(a)(ii) and (b), which shall apply as if the Force Majeure Termination Date were the Final Termination Date. 

(ii) Notwithstanding anything herein to the contrary, upon such Force Majeure Termination Date, Purchaser shall purchase all (and not
less than all) of the Oil that, on the Force Majeure Termination Date, was the subject of any Specified Oil Transaction in respect of Oil that, on such date, is in the CG Tanks and/or in transit to the CG Tanks, in each case, at the Contract Value
for such Oil. The Contract Value due in respect of each Specified Transaction shall be discounted to present value as of the date of purchase of the related Oil pursuant to this Section 2.8(h)(ii) to take account of the period between
such purchase date and the date on which such amount otherwise would have been due pursuant to the relevant Specified Transaction, which date on which such amount otherwise would have been due under the relevant Specified Transaction shall be
determined by JPM CCC in a commercially reasonable manner, with such discounting to be performed by JPM CCC in a commercially reasonable 

  
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manner and using LIBOR interest rates. Any amount payable by Purchaser to JPM CCC under this Section 2.8(h)(ii) shall be paid by Purchaser to JPM CCC on the Banking Day immediately
preceding the Force Majeure Termination Date. For the avoidance of doubt, in calculating the amount payable by Purchaser to JPM CCC under this Section 2.8(h)(ii), Purchaser shall be permitted to take account of any unused Purchaser
Credit Rights. 
 (i) If, due to a JPM CCC Force Majeure, JPM CCC’s obligations with respect to any Affected Transaction are
reduced pro rata in accordance with Section 2.3(g), upon reasonable notice to JPM CCC, Purchaser (or a third party representative of Purchaser) shall have the right, at Purchaser’s sole expense and during normal working hours, to
examine only the records of JPM CCC that directly relate to such Affected Transactions and the related Affected Transaction Quantities solely for the purpose of determining that JPM CCC reduced its obligations to Purchaser pro rata with JPM
CCC’s obligation to other purchasers for whom JPM CCC’s obligations were affected by the same event of force majeure. 

Section 2.9 Purchase of Inventory at Expiration of Term. 

(a) At the expiration of the Primary Term: 
 (i) the term of this Agreement and of the CG Tanks Lease Agreement shall be extended to the date (the “Final Termination Date”) that is necessary to allow for the sale and delivery to
Purchaser (in accordance with the delivery and purchase procedures set forth in this Article II) or another Person mutually acceptable to Purchaser and JPM CCC of all Oil in transit and in storage (other than the Tank Bottoms in the CG Tanks)
acquired by JPM CCC pursuant to a Nomination and Pricing Schedule, provided that the Final Termination Date shall occur no later than [*]Days following the expiration of the Primary Term and that if all Oil (other than the Tank Bottoms in the
CG Tanks) has not been sold by JPM CCC to Purchaser or another Person mutually acceptable to Purchaser and JPM CCC, then on such Day that is [*]Days after the expiration of the Primary Term, Purchaser shall purchase any Oil owned by JPM CCC
remaining in the CG Tanks (other than the Tank Bottoms) and payment for such Oil shall be made on the Day prior to the Day that is [*]Days after expiration of the Primary Term; 

(ii) from the expiration of the Primary Term until the Final Termination Date, to the extent that any JPM CCC Oil remains in the CG Tanks
(other than Tank Bottoms in the CG Tanks), to the maximum operational extent, Purchaser shall pay for and take JPM CCC Oil prior to taking delivery of other Oil; and 
 (iii) on the Final Termination Date, Purchaser or another Person mutually acceptable to Purchaser and JPM CCC shall purchase, at a commercially reasonable price, the Tank Bottoms in the CG Tanks, with
payment to be made on the Day prior to such purchase, provided that if JPM CCC Oil is segregated into certain of the CG Tanks following the expiration of the Primary Term but prior to the Final Termination Date, Purchaser or another Person mutually
acceptable to Purchaser and JPM CCC shall purchase, at a commercially reasonable price, the Tank Bottoms in these CG Tanks from which JPM CCC Oil has been vacated, with payment to be made on the Day prior to any Oil owned by an entity other than JPM
CCC being injected into such tanks. The method for measuring the Oil in the Tank Bottoms will be consistent with prudent industry practice in use at the time. 

  
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 (b) The termination of this Agreement for any reason shall not relieve any Party hereto of
any obligation or liability incurred prior to such termination hereof. The provisions of Sections 2.4, 4.4, 4.6, 8.1, 8.2, 8.9, and 8.10 of this Agreement shall remain in full force and effect
notwithstanding the termination of this Agreement. 
 Section 2.10 WAIVER OF WARRANTIES. PURCHASER ACKNOWLEDGES
THAT (A) IT HAS ENTERED INTO THIS AGREEMENT AND IS CONTRACTING FOR THE OIL TO BE SUPPLIED BY JPM CCC TO IT BASED SOLELY UPON THE EXPRESS COVENANTS, REPRESENTATIONS AND WARRANTIES HEREIN SET FORTH, (B) SUBJECT TO SUCH COVENANTS,
REPRESENTATIONS AND WARRANTIES, IT ACCEPTS AND TAKES DELIVERY OF SUCH OIL “AS IS, WHERE IS” AND “WITH ALL FAULTS”, AND (C) EXCEPT AS SET FORTH IN SUCH COVENANTS, REPRESENTATIONS AND WARRANTIES, THERE IS NO WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND ALL IMPLIED WARRANTIES ARE DISCLAIMED. NOTWITHSTANDING THE FOREGOING AND SUBJECT TO SECTION 2.11, JPM CCC SHALL PROMPTLY ASSIGN TO PURCHASER ANY WARRANTIES IT RECEIVES FROM THIRD PARTIES
WITH RESPECT TO OIL TO BE SUPPLIED BY JPM CCC TO PURCHASER, BUT ONLY TO THE EXTENT SUCH WARRANTIES ARE ASSIGNABLE UNDER APPLICABLE CONTRACTS WITH THIRD PARTY SUPPLIERS. 
 Section 2.11 Claims. The Parties shall consult with each other and coordinate how to handle and resolve any claims made by a supplier or Transporter against JPM CCC or any claims that JPM
CCC may bring against any such Person (provided that any such claim shall be resolved at Purchaser’s sole cost and expense). [*] 
 Section 2.12 Apportionment. 
 (a) Subject to
Section 2.3(g), should a Transporter at any time during the Term of this Agreement be required to apportion its facilities for acceptance and for delivery of Oil as between parties tendering Oil for transportation (whether by any
governmental regulations or orders, by request for service in excess of available capacity, by shortage or breakdown of available facilities, equipment or plant or otherwise) and such apportionment prevents JPM CCC from performing, in whole or in
part, its delivery obligations hereunder, the quantity of the Oil required to be delivered by JPM CCC and received by Purchaser under the terms of this Agreement shall be proportionately reduced, and any such apportionment shall be deemed to be
acceptable to Purchaser. 
 (b) During the continuance of any such apportionment, (i) JPM CCC will not be obligated to
purchase alternate replacement Oil to supply to Purchaser, and (ii) Purchaser will not be obligated to purchase alternate replacement Oil from JPM CCC; provided, however, that the Parties shall discuss and consider alternatives to the
Transactions that are affected by such apportionment, and if Purchaser desires that JPM CCC enter into Transactions to replace those Transactions affected by such apportionment, and Purchaser is able to identify opportunities to purchase such
replacement Oil, Purchaser shall provide JPM CCC with a new Purchaser Buy Request or Purchase Order, as applicable, and JPM CCC will follow the procedures of Section 2.2 to acquire Oil for sale and delivery to Purchaser in accordance
with such Purchaser Buy 

  
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Request or Purchase Order, provided that Purchaser shall be responsible for all costs incurred by JPM CCC in connection with the Transactions affected by such apportionment and with and
any new Transactions entered in accordance with such Purchaser Buy Request or Purchase Order. 
 ARTICLE III 

PAYMENT TERMS AND MECHANICS 
 Section 3.1 Estimated Payments; Purchaser Supply Transactions. 
 (a)
By no later than [*], (i) JPM CCC shall send Purchaser an invoice (the “Estimated Daily Payment Invoice”) setting forth the Estimated Daily Payment for Oil that is to be sold and delivered by JPM CCC to Purchaser
pursuant to this Agreement [*]and (ii) Purchaser shall pay to JPM CCC at or before [*] to JPM CCC’s Account, an amount equal to the Estimated Daily Payment set forth in such Estimated Daily Payment Invoice. Notwithstanding
the foregoing, whenever [*] is not a Business Day, then the Estimated Daily Payment Invoice for Oil that is to be sold and delivered by JPM CCC to Purchaser pursuant to this Agreement [*] shall be sent by no later than [*] on,
and the amount equal to the Estimated Daily Payment set forth in such Estimated Daily Payment Invoice shall be paid by Purchaser to JPM CCC at or [*] on, the day designated for such payment as per the provisions set forth in Schedule VI under
the caption “Provisional Pricing Day and Provisional Payment Day Basic Rules”. 
 (b) If Purchaser sells and delivers
Oil to JPM CCC pursuant to any Purchaser Supply Transactions entered into pursuant to Section 2.2(h), then on the first Delivery Day on which (i) JPM CCC is able to confirm that Oil purchased by JPMCCC from Purchaser pursuant to
such Purchaser Supply Transactions has been delivered to JPM CCC (whether through documentation of a Shipper’s Balance, official confirmation from the applicable Transporter, or other evidence, in each case that is in a form satisfactory to JPM
CCC), (ii) JPM CCC has no reason to believe that any of the representations and warranties set forth in Section 6.1(b) with respect to such Oil (all of which are required to be made by Purchaser with respect to such Oil) is untrue
and (iii) Purchaser has delivered to the administrative agent under the ABL Credit Agreement a certificate of the type referred to in Section 9.02(c)(ii) of the ABL Credit Agreement with respect to such Oil if requested by such
agent (the “Confirmed Delivery Date”), JPM CCC shall notify Purchaser that it has received such Oil. Upon provision or delivery of such notice, an irrevocable and unconditional right to reduce the Estimated Daily Payments due from
Purchaser to JPM CCC (a “Purchaser Credit Right”) shall be deemed to exist. The value of each Purchaser Credit Right in respect of a Purchaser Supply Transaction shall be equal to [*]. Any such Purchaser Credit Right shall
reduce the Estimated Daily Payment due on such Confirmed Delivery Date (and, if necessary, the Estimated Daily Payment(s) due on any immediately succeeding Business Day(s)), by an amount equal to the value of such Oil specified in the Purchaser
Supply Transaction Confirmation for such Purchaser Supply Transaction. Purchaser acknowledges and agrees that the Purchaser Credit Right arising, upon issuance of notice in accordance with this Section 3.1(b) (or, upon satisfaction of
clauses (i), (ii) and (iii) of this Section 3.1(b) such that a notice should have issued under this Section 3.1(b) but was not issued), from any Purchaser Supply Transaction will be the sole and exclusive
consideration from JPM CCC for such Purchaser Supply Transaction, that the amount and application of such Purchaser Credit Right provided herein is and shall be fair and adequate consideration for (and is and shall be full and final payment for) the
Oil sold by Purchaser to JPM CCC pursuant to such Purchaser Supply Transaction, and that such Purchaser Credit Rights shall be subject to adjustment as per Section 3.2. 

  
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 Section 3.2 Actual Invoice and Payment. 

(a) Not later than [*] on the day (the “Weekly Sales Invoice Day”) that is the [*] of each week during the
Term (provided that if [*] is not a Business Day, then on the first Business Day thereafter), JPM CCC will provide to Purchaser a weekly invoice (each, a “Weekly Sales Invoice”) confirming, for each Type of Oil, the Daily
Price and the Daily Delivered Volume for each Delivery Day of the week (the “Delivery Week”) beginning on [*], and ending on [*]. Each Weekly Sales Invoice shall credit Purchaser for the sum of all amounts paid by
Purchaser under Section 3.1(a) for each such Delivery Day of such Delivery Week, and the value received by JPM CCC pursuant to Section 3.1(b) during each such Delivery Day of such Delivery Week. In addition, if on any
Business Day (the “Intra-week Invoice Day”) prior to the Weekly Sales Invoice Day the amount owed (calculated in accordance with the foregoing sentences of this subsection (a) in respect of all such included Delivery Days
preceding such Intra-week Invoice Day) by JPM CCC to Purchaser or by Purchaser to JPM CCC is equal to or exceeds [*], then JPM CCC will provide to Purchaser, not later than [*] on such Intra-week Invoice Day an invoice (each, an
“Intra-week Invoice”) confirming, for each Type of Oil, the Daily Price and the Daily Delivered Volume for each such Delivery Day of such Delivery Week, for such Type of Oil. In each case in which one or more Intra-week Invoices are
issued in respect of a Delivery Week, the Weekly Sales Invoice in respect of such Delivery Week shall also be issued but shall be adjusted to take into account the net amounts paid to JPM CCC or paid by JPM CCC pursuant to such Intra-week Invoices.

 (b) Following each Delivery Week of the Term JPM CCC shall, using calendar month average prices as of closing on the Friday
of such Delivery Week (or if such Friday is not a Business Day, then as of closing on the Thursday of such Delivery Week), recalculate the aggregate value of all Purchaser Credit Rights that were credited to Purchaser which have not already been
included in a Monthly Invoice. If such recalculation shows a deviation, positive or negative, from the aggregate value of all such Purchaser Credit Rights previously credited to Purchaser, in an amount that is equal to or exceeds [*], then
JPM CCC will provide to Purchaser, not later than [*] on the day (the “Weekly PCR Invoice Day”) that is the first [*] following such last day of such Delivery Week (provided that if [*] is not a Business Day,
then on the first Business Day thereafter), an invoice (each, a “Weekly PCR Invoice”) setting forth the amount owed to JPM CCC, or the amount of additional Purchaser Credit Rights owed to Purchaser, as necessary to adjust to such
recalculation. It is understood and agreed that there will be additional monthly adjustments to Purchaser Credit Rights issued during each Month, calculated using the actual, final calendar month average price, which will be captured in the Monthly
Invoice for such Month as per Section 3.2(e) below. 
 (c) Purchaser shall pay to JPM CCC, [*] on each Intra-week
Invoice Day, each Weekly Sales Invoice Day and each Weekly PCR Invoice Day, to JPM CCC’s Account, an amount equal to the positive sum due as set forth in such Intra-week Invoice, Weekly Sales Invoice or Weekly PCR Invoice, as applicable.

  
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 (d) [*] following the receipt by JPM CCC of the monthly CG Shipper’s Balance for
each given Month of the Term (and for the Month following the Month in which this Agreement terminates pursuant to the terms hereof), JPM CCC will provide to Purchaser a monthly invoice (each, a “Monthly Invoice”) confirming, for
each Type of Oil, the Daily Price and the Daily Delivered Volume for each Delivery Day of such Month for such Type of Oil, the product of which, when aggregated for all Delivery Days in such Month and for all Types of Oil, and adjusted for the
amounts set forth in clause (f) below, equals the “Net Payment” amount for such Month. 
 (e) Prior to
issuance of the Monthly Invoice in respect of a given Month of the Term, using Shipper’s Balances and calendar month average prices as of last Business Day of such Month, JPM CCC shall recalculate the aggregate value of all Purchaser Credit
Rights that were credited to Purchaser during such Month. In the event the amount so recalculated for such Month is greater or less than that the amount of Purchaser Credit Rights already issued to Purchaser in respect of such Month, JPM CCC include
in the Monthly Invoice the amount owed to JPM CCC, or the amount of additional Purchaser Credit Rights owed to Purchaser, as applicable. 
 (f) Each Monthly Invoice shall, without duplication: [*], 
 (g) Not later
than [*] Banking Days after receipt by Purchaser of the Monthly Invoice, Purchaser shall pay to JPM CCC, by wire transfer to an account specified by JPM CCC in the Monthly Invoice, the Net Payment. If Purchaser fails to make timely payment
for all or any portion of such sum or the Net Payment, interest shall accrue on the unpaid balance at LIBOR plus [*] from the date such payment was due until the date on which such payment is made in full. 

(h) In the event that the amount of the payment pursuant to an Intra-Week Invoice, Weekly Sales Invoice or Weekly PCR Invoice, or the Net
Payment for any Month, as applicable, is a negative number, such amount shall be credited against the immediately succeeding Estimated Daily Payments until such amount is fully utilized. [*] 

(i) Unless otherwise stated herein, all amounts expressed herein in terms of money refer to the US Dollar and all payments to be made and
prices mentioned hereunder shall be made in US Dollars in immediately available funds. 
 Section 3.3 Inability to
Determine Reference Price or Index. If either (a) NYMEX fails to publish or calculate the futures prices for WTI, (b) there is a material suspension of trading in futures contracts for WTI, (c) there is an imposition of
trading limits on NYMEX such that there are limits on the range within which the price for WTI may fluctuate in the prompt Month and the closing or settlement price of WTI on such Day is at the upper or lower level of that range, (d) WTI or its
futures contracts cease to be traded on the NYMEX, (e) there is a material change in the content, composition or constitution of the formula for calculation of prices for WTI or its futures contracts, or (f) if any other industry reference
index applicable to any Transaction or Purchaser Supply Transaction hereunder ceases to be published or is not published for any applicable period with respect to such Transaction or Purchaser Supply Transaction, in each case, for any Month during
the Term of this Agreement, JPM CCC and 

  
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Purchaser shall immediately meet and negotiate in good faith to agree upon an alternative price (or a method for determining an alternative price) and/or alternative index (as applicable). If JPM
CCC and Purchaser have not agreed on or before the [*]Business Day following the first pricing date on which any such event in clauses (a) though (f) occurred or existed, then such price (or the method for determining such price)
shall be determined by a mutually acceptable leading dealer in the relevant market. If the Parties are unable to agree on such a leading dealer, the Parties shall each appoint a leading dealer, which is not an Affiliate of either Party, in the
relevant market who shall together appoint a leading dealer to resolve the question. 
 ARTICLE IV 

FEES, INDEMNITIES, COSTS, ETC. 
 Section 4.1 Supply Fee and Working Capital Fee. 
 (a) Purchaser shall
pay to JPM CCC a Supply Fee of [*]per Barrel on each Barrel of Oil, which Supply Fee shall be included in the Daily Price paid by Purchaser to JPM CCC in accordance with Article III. 

(b) Purchaser shall pay to JPM CCC a working capital fee (the “Working Capital Fee”), for each Day during the Term of
this Agreement, in an amount equal to [*]. 
 (c) JPM CCC shall invoice Purchaser for, and Purchaser shall pay to JPM
CCC, the Working Capital Fee monthly in accordance with Section 3.2. 
 Section 4.2 Early Termination
Fee. Without limiting any other term or provision in Section 7.2: 
 (a) If this Agreement terminates at any
time and for any reason in accordance with the terms of this Agreement prior to the expiration of the Primary Term (other than because of an Event of Default with respect to JPM CCC), then Purchaser shall pay to JPM CCC a fee in an amount equal to
[*], to compensate JPM CCC for lost profits suffered or incurred from, as a result of or in connection with such early termination (the “Early Termination Fee”). The Early Termination Fee shall be paid in full on the date
which is [*] Banking Days following the receipt by Purchaser of a statement setting forth the amount of such Early Termination Fee on or following the related Early Termination Date. 

(b) THE PARTIES ACKNOWLEDGE AND AGREE THAT ANY PAYMENT OF THE EARLY TERMINATION FEE PROVIDED FOR IN THIS SECTION 4.2 SHALL BE A
PAYMENT OF LIQUIDATED DAMAGES WHICH IS BASED ON THE PARTIES’ ESTIMATE OF THE LOST PROFITS JPM CCC WILL SUFFER OR INCUR FROM, AS A RESULT OF OR IN CONNECTION WITH THE EARLY TERMINATION OF THIS AGREEMENT, THAT SUCH LIQUIDATED DAMAGES ARE
DIFFICULT OR IMPOSSIBLE TO DETERMINE AND THAT THE EARLY TERMINATION FEE IS INTENDED TO BE A REASONABLE APPROXIMATION OF THE AMOUNT OF SUCH DAMAGES AND NOT A PENALTY. PURCHASER HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO
RAISE AS A DEFENSE THAT ANY SUCH LIQUIDATED DAMAGES ARE UNREASONABLE, EXCESSIVE OR PUNITIVE OR THAT SUCH DAMAGES ARE BARRED OR OTHERWISE LIMITED BY ANY OTHER PROVISION OF THIS AGREEMENT. 

  
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 Section 4.3 [*]. 

Section 4.4 [*] 

Section 4.5 Audit Rights. 
 Upon reasonable notice to JPM CCC, Purchaser (or a third party representative of Purchaser) shall have the right, at Purchaser’s sole expense and during normal working hours, to examine only the
records of JPM CCC that directly relate to any Section 2.2(f)(ii) Amount, Section 2.8(e) Amount, Working Capital Amount, SPP Payment Amount, Third Party Costs, Net Profits and/or Net Losses [*]for which Purchaser is invoiced
pursuant to Section 4.1, [*] as applicable. Should such examination reveal any inaccuracy in amounts due and owing in connection therewith within [*] immediately preceding the first Day on which such examination is
conducted (any such amount, an “Outstanding Amount”), Purchaser shall notify JPM CCC of the net amount owed by one Party to the other Party (in connection with such determination, interest shall accrue at LIBOR plus
[*] on such Day for an interest period of [*] duration on any Outstanding Amount from and including the Day on which such Outstanding Amount became due and owing until and including the applicable calculation date), along with
reasonably detailed documentation supporting such conclusion, and the owing Party shall promptly pay to the other Party such net amount plus interest thereon at LIBOR plus [*] on such Day for an interest period of [*] duration
from and including the date such notice was delivered until and including the payment date. The rights and obligations under this Section 4.5 shall survive until the date that is [*] Months after the termination of this Agreement.

 Section 4.6 Indemnities. 
 (a) JPM CCC’s Duty to Indemnify. To the fullest extent permitted by Applicable Law and except as specified otherwise elsewhere in this Agreement, JPM CCC shall defend, indemnify and hold
harmless Purchaser, its Affiliates, and their respective directors, officers, employees, representatives, agents and contractors (other than JPM CCC and its Affiliates) from and against any Liabilities directly or indirectly arising out of
(i) any breach by JPM CCC of any covenant or agreement contained herein or made in connection herewith or any representation or warranty of JPM CCC made herein or in connection herewith proving to be false or misleading, (ii) any failure
by JPM CCC to comply with or observe any Applicable Law, (iii) JPM CCC’s gross negligence or willful misconduct, or (iv) injury, disease, or death of any person or damage to or loss of any property, fine or penalty, any of which is
caused by JPM CCC or its employees, representatives, agents or contractors (other than Purchaser or its Affiliates) in the exercise of any of the rights granted hereunder except to the extent that such injury, disease, death, or damage to or loss of
property was caused by the gross negligence or willful misconduct on the part of Purchaser, its Affiliates or any of their respective employees, representatives, agents or contractors. 

  
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 (b) Purchaser’s Duty to Indemnify. To the fullest extent permitted by Applicable
Law and except as specified otherwise elsewhere in this Agreement, Purchaser shall defend, indemnify and hold harmless JPM CCC, its Affiliates, and their respective directors, officers, employees, representatives, agents and contractors (other than
Purchaser or its Affiliates) from and against any Liabilities directly or indirectly arising out of (i) any breach by Purchaser of any covenant or agreement contained herein or made in connection herewith or any representation or warranty of
Purchaser made herein or in connection herewith proving to be false or misleading, (ii) any failure by Purchaser to comply with or observe any Applicable Law, (iii) Purchaser’s gross negligence or willful misconduct, or
(iv) injury, disease, or death of any person or damage to or loss of any property, fine or penalty, any of which is caused by Purchaser or its employees, representatives, agents or contractors (other than JPM CCC or its Affiliates) in the
exercise of any of the rights granted hereunder, except to the extent that such injury, disease, death, or damage to or loss of property was caused by the gross negligence or willful misconduct on the part of JPM CCC, its Affiliates or any of their
respective employees, representatives, agents or contractors. 
 (c) Notice of Indemnity Claim. The Party to be
indemnified (the “Indemnified Party” shall notify the other Party (the “Indemnifying Party”) as soon as practicable after receiving notice of any claim, demand, suit or proceeding brought against the Indemnified
Party which may give rise to the Indemnifying Party’s obligations under this Agreement (such claim, demand suit or proceeding a “Third Party Claim”), and shall furnish to the Indemnifying Party the complete details of such
Third Party Claim within its knowledge. Any delay or failure by the Indemnified Party to give notice to the Indemnifying Party shall not relieve the Indemnifying Party of its obligations except to the extent, if any, that the Indemnifying Party
shall have been materially prejudiced by reason of such delay or failure. 
 (d) Defense of Indemnity Claim. The
Indemnifying Party shall have the right to assume the defense, at its own expense and by its own counsel, of any Third Party Claim; provided, however, that such counsel is reasonably acceptable to the Indemnified Party. [*].

 (e) Settlement of Indemnity Claim. No Third Party Claim may be settled or compromised (i) by the Indemnified
Party without the consent of the Indemnifying Party or (ii) by the Indemnifying Party without the consent of the Indemnified Party. Notwithstanding the foregoing, an Indemnifying Party shall not be entitled to assume responsibility for and
control of any judicial or administrative proceedings if such proceedings involves an Event of Default by the Indemnifying Party which shall have occurred and be continuing. 
 (f) Insurance. The mere purchase and existence of insurance does not reduce or release either Party from any liability incurred or assumed under this Agreement. 

Section 4.7 Limitation on Liability for Costs. Notwithstanding anything herein to the contrary, in no event shall Purchaser
be liable to JPM CCC for any costs, expenses, losses, and damages which arise from JPM CCC’s gross negligence or willful misconduct. 

  
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 ARTICLE V 
 TERM 
 Section 5.1 Term of Agreement. This Agreement shall become
effective on the Effective Date and, subject to the extension rights provided for in Section 2.9(a)(i), shall remain in full force and effect until the [*] anniversary of the Original Effective Date (the “Primary
Term”) unless terminated earlier upon mutual agreement of the Parties or pursuant to Section 2.8(h) or Article VII. It is understood and agreed that the Original Agreement shall govern the rights and obligations of the
parties during and with respect any matters arising during the period commencing on the Original Effective Date and ending on the Effective Date. 
 ARTICLE VI 
 REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 6.1 Representations With Respect to Oil. 
 (a) JPM CCC represents and warrants to Purchaser as of each Delivery Day that: 

(i) It has good and marketable title to, or in the alternative, that it has the right to sell and deliver, all Oil delivered hereunder at
the Delivery Point, and 
 (ii) All Oil delivered by JPM CCC at the Delivery Point is free and clear of all adverse claims,
interests and encumbrances of every nature and kind whatsoever (except for claims or encumbrances created by, through or under Purchaser). 
 (b) Purchaser represents and warrants to JPM CCC as of each Day on which any Oil is delivered to JPM CCC pursuant to any Purchaser Supply Transaction: 

(i) It has good and marketable title to, or in the alternative, that it has the right to sell and deliver, all Oil delivered hereunder
at the delivery point applicable to such Purchaser Supply Transaction, and 
 (ii) All Oil delivered by Purchaser at the
delivery point applicable to such Purchaser Supply Transaction is free and clear of all adverse claims, interests and encumbrances of every nature and kind whatsoever (except for claims or encumbrances created by, through or under JPM CCC).

 Section 6.2 Mutual Representations. Each of Purchaser and JPM CCC represents and warrants to the other as of
the Effective Date and each Delivery Day that: 
 (a) It has full right, power and authority to enter into this Agreement and to
perform its obligations hereunder. 
 (b) The execution and delivery of this Agreement and the performance of its obligations
hereunder is not and will not be in violation or breach of, or in conflict with (i) any term or provision of its organizing or other governing documents, (ii) any agreement, instrument, permit or authority to which it is a party or by
which it is bound, and (iii) any laws, rules, orders, regulations or other legal obligations or any judicial order, award, judgment or decree applicable to it or any of its assets. 

  
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 (c) This Agreement has been validly executed and delivered by it and this Agreement
constitutes its valid and binding obligations enforceable against it in accordance with the provisions hereof. 
 (d) There are
no facts that have not been disclosed by it to the other Party that could adversely affect or, so far as it can reasonably foresee, will adversely affect its obligations under this Agreement. 

(e) It has no knowledge of the occurrence of any litigation, proceeding or dispute affecting (or which could adversely affect) its
ability to perform its obligations under this Agreement. 
 (f) All necessary approvals, if any required under Applicable Laws
from governmental and regulatory authorities (including the National Energy Board of Canada) to permit JPM CCC to deliver, and Purchaser to take delivery of, Oil under this Agreement have been (or at the appropriate time, will be) obtained.

 (g) Upon the execution, delivery and performance of this Agreement it is not and will not be insolvent (as such term is used
in applicable bankruptcy, liquidation, receivership, or insolvency or similar laws). Its capital is adequate for the business in which it is engaged. It has not incurred (whether hereby or otherwise), nor does it intend to incur or believe that it
will incur, debts which will be beyond its ability to pay as such debts mature. 
 (h) It is an “Eligible Contract
Participant” as defined in Section 1(a)(18) of the Commodity Exchange Act, as amended from time to time. 
 (i) It is
a “forward contract merchant” in respect of this Agreement and this Agreement and each sale of Oil hereunder is a forward contract for purposes of the United States Bankruptcy Code, 11 U.S.C. §§ 101 et seq., as amended from time
to time. 
 (j) It is acting for its own account, and it has made its own independent decisions to enter into this Agreement and
any Specified Transaction and as to whether this Agreement and any Specified Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisors as it has deemed necessary; it is not relying on any
communication (written or oral) of the other Party as investment advice or as a recommendation to enter into this Agreement or any Specified Transaction, it being understood that information and explanations related to the terms and conditions of
this Agreement and any Specified Transaction shall not be considered investment advice or a recommendation to enter into this Agreement or any Specified Transaction; no communication (written or oral) received from the other Party shall be deemed to
be an assurance or guarantee as to the expected results of this Agreement or any Specified Transaction; it is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and
accepts the terms, conditions and risks of this Agreement and any Specified Transaction; it is also capable of assuming, and assumes, the risks of this Agreement and any Specified Transaction; and the other Party is not acting as a fiduciary for or
an advisor to it in respect of this Agreement or any Specified Transaction. 

  
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 (k) It is a “Qualified Party” within the meaning of paragraph 1(e) of the Alberta
Securities Commission Blanket Order BOR#91 503, paragraph 1.1 of the British Columbia Securities Commission Blanket Order BOR#91 501 (BC) and Saskatchewan Financial Services Commission General Order 91-907, as such orders may be amended, restated,
replaced or reenacted from time to time, and it is similarly qualified pursuant to any equivalent or analogous law, order or enactment of any other jurisdiction that may have application to such Specified Transaction. 

Section 6.3 Purchaser’s Covenants. 
 (a) [*]. 
 (b) Purchaser shall support JPM CCC’s application to become
a shipper on the Minnesota Pipeline under the MPL Local Commodity Tariff’s Rule and Regulations in order to give JPM CCC access to the MPL Tanks, as well as shipper status on the Minnesota Pipeline. Purchaser shall request of MPL that JPM CCC
have the right to utilize Marathon’s historical pipeline shipping capacity on the Minnesota Pipeline and Purchaser shall provide commercially reasonable cooperation and assistance in connection with JPM CCC’s efforts to obtain such right.
Purchaser shall use commercially reasonable efforts to provide JPM CCC with each pipeline system operator’s written acknowledgement of any transfer of allocated capacity or shipper history and its agreement that JPM CCC would have control over,
and hold title to, the Oil to be shipped to Purchaser. 
 (c) Purchaser shall ensure that at all times during the Term of this
Agreement that the Letter of Credit has been issued and provided to JPM CCC and that such Letter of Credit is not subject to any Letter of Credit Default. 
 (d) Not less than [*] Business Days prior to any change in the effective ownership and control of the Refinery by a Person other than Purchaser that does not constitute a Change of Control,
Purchaser shall deliver or cause to be delivered to JPM CCC all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the
PATRIOT Act, with respect to such Person that owns and controls the Refinery and JPM CCC shall be reasonably satisfied by the substance of such documentation and other information. 

(e) Purchaser shall not agree to amend, modify or supplement Section 6.05(l) or Section 9.02(c)(ii) of the ABL Credit Agreement
or any provision of any ABL Collateral Document or any other document relating to the ABL Facility that provides that the liens of the administrative agent and/or the collateral agent, the lenders and the other secured parties thereunder on any Oil
that is sold by Purchaser to JPM CCC pursuant to any Purchaser Supply Transaction or any [*] or under any other Transaction Document shall be automatically released upon any such sale and that any such sale may otherwise occur, if such
amendment, modification or supplement would be materially adverse to the interests of JPM CCC. 
 (f) Purchaser will furnish to
JPM CCC, concurrently with delivery thereof to the “Agent” under the ABL Credit Agreement, copies of whatever is delivered to such Agent pursuant to Sections 5.01(a), (b), (c), (f) and (n) of the ABL Credit Agreement. For the
avoidance of doubt, the obligations of Purchaser under this Section 6.3(f) may be satisfied with respect to financial information of Purchaser by furnishing the applicable financial statements of Holdings. 

  
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 (g) Purchaser will furnish to JPM CCC, promptly following JPM CCC’s request therefor,
all documentation and other information that JPM CCC reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act.

 (h) Purchasers will (a) at all times maintain and preserve all material property necessary to the operation of the
Refinery in good repair, working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted and (b) make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements
thereto as necessary in order that the business carried on in connection therewith, if any, may be properly conducted at all times, except, in each case, where the failure to do so, individually or in the aggregate, could not reasonably be expected
to result in a material adverse effect on the ability of Purchaser to perform its obligations under this Agreement. 
 (i)
Purchaser will, and will cause each or its subsidiaries to, keep proper books of record and account in accordance with generally accepted accounting principles applicable to Purchaser in which full, true and correct entries are made of all dealings
and transactions in relation to its business and activities. 
 (j) Purchaser will not sell, transfer, lease or otherwise
dispose of the Refinery as a whole or all or substantially all of the equipment used in connection therewith. 
 Documents
required to be delivered pursuant to clauses (f) or (g) of this Section 6.3 may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date on which Purchaser posts such documents, or
provides a link thereto on Purchaser’s or Holdings’ website on the Internet at the website address provided to JPM CCC from time to time in writing. 
 Section 6.4 Mutual Covenants. 
 (a) Each Party shall immediately
notify the other Party of any notice received from Transporter or any other third party that indicates an imbalance in deliveries exists or is occurring which may give rise to a penalty, curtailment or apportionment. Each Party shall promptly
cooperate with the other to adjust the delivery of Oil as necessary to bring deliveries and receipts into balance, so that transportation-related penalties, curtailments or apportionments are avoided or minimized as much as possible. 

(b) Subject to [*], Purchaser shall be liable for (i) all Taxes imposed on Oil as a result of the transportation,
storage, importation or transfer of title of such Oil from JPM CCC to Purchaser at the Delivery Point and (ii) all Taxes imposed after delivery of such Oil to Purchaser at the Delivery Point. 

  
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 (c) Each Party shall comply in all material respects with all Applicable Laws and orders to
which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement. 
 (d) Each party shall use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this
Agreement and will use all reasonable efforts to obtain any that may become necessary in the future. 
 (e) At the end of the
term of this Agreement and any extension pursuant to Section 2.9, each of the parties shall cooperate to promptly issue a joint letter to the MPL requesting that JPM CCC’s shipper history on the MPL be transferred to Purchaser.

 Section 6.5 Refinery Turnaround, Maintenance and Closure. 

(a) Scheduled Maintenance. Purchaser shall provide to JPM CCC on the Effective Date and on an annual basis thereafter, at least
[*] Days prior to the beginning of each calendar year during the term of this Agreement, its estimated timing of Scheduled Maintenance during the upcoming year, and shall update such schedule as soon as practical following any change to the
maintenance schedule and shall use commercially reasonable efforts to provide JPM CCC not less than [*] Days’ prior written notice of any form of anticipated maintenance at the Refinery or any other modification to the Refinery that
could cause a material change in JPM CCC’s delivery obligations hereunder. Purchaser shall use commercially reasonable efforts to provide JPM CCC a further written notice not less than [*] Days prior to any form of planned maintenance at
the Refinery or any other modification to the Refinery that could cause a material change in JPM CCC’s delivery obligations hereunder. The Parties shall cooperate with each other in establishing maintenance and turnaround schedules that do not
unnecessarily interfere with the receipt of Oil that JPM CCC has committed to purchase. 
 (b) Unscheduled Maintenance.
Purchaser shall immediately notify JPM CCC orally (followed by prompt written notice) of any previously unscheduled downtime and the expected duration of such unscheduled downtime. 

Section 6.6 Insurance. Purchaser shall procure and maintain in full force and effect throughout the Term of this Agreement
insurance coverages of the following types and amounts and with insurance companies rated not less than A- by A.M. Best, or otherwise as subsequently agreed between Purchaser and JPM CCC: 

(a) With respect to all Oil for which Purchaser bears the risk of loss pursuant to Section 2.4 herein, Purchaser shall have
an insurable interest and shall procure and maintain property damage coverage on an “all risk” basis in an amount [*] . JPM CCC shall be named a “loss payee” under such required coverage. In the event of Purchaser’s
failure to fully insure any Oil otherwise required to be fully insured hereunder, Purchaser shall notify JPM CCC promptly, but no later than the transportation of such underinsured Oil, providing full details of such failure, and JPM CCC shall have
the right to fully insure such underinsured Oil. 

  
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 (b) Purchaser shall procure and maintain liability coverage that includes bodily injury,
property damage and contractual liability, and “sudden and accidental pollution” liability coverage, with limits no less than [*] per occurrence and [*] in the aggregate. 

(c) Purchaser shall procure and maintain, as an extension of the property damage insurance described above, a separate limit for business
interruption insurance in an amount equal to [*]. 
 Section 6.7 Additional Insurance Requirements.

 (a) The insurance policies described in Section 6.6 shall include endorsements or other provisions meeting the
following requirements: (i) all rights of subrogation by Purchaser’s insurer against JPM CCC are waived, and (ii) none of such policies shall be canceled during the Term of this Agreement unless JPM CCC is given thirty (30) Days
advance written notice (or such longer period as may be required by law or such shorter period as may be set forth in any such policy) prior to such cancellation becoming effective. 

(b) Insurance certificates shall be issued from Purchaser to JPM CCC, in a standard form and from a properly authorized party reasonably
satisfactory to JPM CCC, evidencing the existence of the coverages required by Section 6.6 and additional requirements required by this Section 6.7. Purchaser shall provide JPM CCC with renewal certificates within thirty
(30) Days before expiration of each required insurance policy. 
 (c) The mere purchase and existence of insurance does not
reduce or release either Party from any liability incurred or assumed under this Agreement. 
 (d) Purchaser shall comply with
all obligations imposed under the above insurance policies described in Section 6.6 (including notice, reporting, and cooperation obligations) and shall timely pay all premiums. 

(e) Without limiting any other provision of this Agreement, within sixty (60) Days following the Effective Date, Purchaser shall
deliver to JPM CCC an endorsement to Purchaser’s general liability policy in form and substance reasonably satisfactory to JPM CCC reflecting that JPM CCC is named as an additional insured under such general liability policy, and reflecting
that all rights of subrogation by Purchaser’s insurer against JPM CCC are waived. 
 Section 6.8 Parent
Guaranty. JPM CCC shall cause the guaranty agreement issued to Purchaser on November 30, 2010 (as set forth in Schedule VII) to remain in full force and effect throughout the Term of this Agreement. 

Section 6.9 JPM CCC Insurance of Oil. JPM CCC shall maintain insurance with third party providers on Oil for which JPM CCC
both holds title and bears risk of loss under this Agreement on the same terms that JPM CCC maintains insurance on its crude oil inventory generally. 

  
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 ARTICLE VII 
 EVENTS OF DEFAULT; REMEDIES 
 Section 7.1 Events of Default.
The occurrence of any of the following events shall constitute an “Event of Default” under this Agreement: 
 (a)
Either Party shall fail to make any payment of any amount when due at the time and on the date required under this Agreement or any Confirmation (including any Estimated Payment due under Section 3.1(a)); 

(b) Purchaser shall fail to comply with its obligations under Section 6.3(c), Section 6.3(d) or
Section 6.7(e). 
 (c) Any representation or statement made or deemed to be made by Purchaser or JPM CCC under or in
connection with this Agreement shall prove to have been incorrect in any material respect when made or deemed to be made; 
 (d)
JPM CCC shall fail to comply with its obligations under Section 6.8; 
 (e) Purchaser or JPM CCC shall fail to
perform or observe any obligation applicable to Purchaser or JPM CCC set forth in this Agreement or in any other Transaction Document that is not covered by any other provision of this Section 7.1 if such failure shall remain unremedied
for 30 Days. Notwithstanding the foregoing sentence, any failure(s) of the kind identified in the following sentence shall only constitute an Event of Default in accordance with the terms of the following sentence. Unless otherwise excused under
this Agreement, (i) if JPM CCC fails to fulfill its obligations to deliver to Purchaser at the Delivery Point at least [*]of the aggregate quantity of Oil required by applicable Refinery Delivery Schedules over a period of [*]
consecutive Days or (ii) if Purchaser fails to fulfill completely its obligation to take delivery of Oil in accordance with the terms of this Agreement or any Transaction Document and such failure extends for more than [*] Days within
any [*] Day period (in the case of either clause (i) or clause (ii), an “Extended Failure”), then such Extended Failure shall constitute an Event of Default; 

(f) Purchaser shall (i) fail to pay any principal of or premium or interest on any Specified Indebtedness when the same becomes due
and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), or (ii) fail to observe or perform any other material agreement or condition relating to any Specified Indebtedness or contained in any
instrument or agreement evidencing, securing or relating to any Specified Indebtedness which results in such Specified Indebtedness becoming due and payable under such agreements or instruments before it otherwise would have been due and payable, in
the case of (i) and (ii) above, with respect to Specified Indebtedness which, individually or in the aggregate, is outstanding in a principal amount which is equal to or greater than [*] (or the equivalent in any other currency);

 (g) JPM CCC, JPM Parent or Purchaser shall generally not pay its debts as such debts become due, or shall admit in writing
its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or 

  
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against JPM CCC, JPM Parent or Purchaser seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or
composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or for any
substantial part of its property, and, in each case, where such proceeding is instituted or presented against JPM CCC, JPM Parent or Purchaser, such proceeding is not dismissed, discharged, stayed or restrained in each case within 30 Days of the
institution or presentation thereof or JPM CCC, JPM Parent or Purchaser shall take any action to authorize any of the actions set forth above in this paragraph (g) or any analogous procedure or step is taken in any jurisdiction; 

(h) Any one or more judgments, decrees or orders for the payment of money shall be rendered against Purchaser in an aggregate amount in
excess of [*] (or the equivalent in any other currency) and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 30 consecutive Days during
which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; 

(i) An ERISA Event shall have occurred under the terms of the ABL Credit Agreement that, when taken together with all other ERISA Events
that have occurred and are continuing, would reasonably be expected to result in a material adverse effect on the ability of Purchaser to perform its obligations under this Agreement. 

(j) JPM CCC or Purchaser contests in any manner the validity or enforceability of this Agreement or any other Transaction Document or any
Specified Transaction or any material term or provision thereof; or JPM CCC or Purchaser repudiates, disclaims, disaffirms or rejects, in whole or in part, any obligation under this Agreement or any other Transaction Document or any Specified
Transaction; or any person or entity appointed or empowered to operate or act on behalf of JPM CCC or Purchaser takes any of the foregoing actions; 
 (k) A Letter of Credit Default shall have occurred with respect to Purchaser; 
 (l)
A Change of Control shall have occurred with respect to Purchaser; or 
 (m) An event of default under the CG Tanks Lease
Agreement shall have occurred with respect to Purchaser that materially impairs JPM CCC’s ability to perform its obligations under this Agreement. 
 Section 7.2 Remedies. 
 (a) Notwithstanding any other term or
provision of this Agreement or any other agreement in effect from time to time between JPM CCC and Purchaser (together with this Agreement, each, a “Transaction Document”), if at any time an Event of Default has occurred and is
continuing with respect to a Party (the “Defaulting Party”), the other Party (the “Performing Party”) shall have the right, in its sole discretion, and in addition to any other remedies available hereunder, under
any other Transaction Document, Applicable Laws, or otherwise, to (i) immediately withhold and/or suspend deliveries or payments to the Defaulting 

  
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Party upon notice to the Defaulting Party (except with respect to the occurrence of any Event of Default under Section 7.1(g), in which case no notice shall be required), and/or
(ii) designate a date (not earlier than the date of such notice) (an “Early Termination Date”) on which to terminate, liquidate and accelerate this Agreement and any or all Specified Transactions and calculate an aggregate
Termination Payment (as defined below) in the manner set forth in this Section 7.2. If and to the extent that, in the reasonable opinion of the Performing Party, any Specified Transaction may not be liquidated, terminated or accelerated
under Applicable Laws on the Early Termination Date, such Specified Transaction shall be terminated as soon thereafter as is reasonably practicable, in which case the actual termination date for such Specified Transaction will be the Early
Termination Date in respect thereof for purposes hereof. 
 (b) On or as soon as reasonably practicable following the Early
Termination Date, the Performing Party shall determine the final amount payable between the Parties under this Agreement and any other Transaction Document governing or evidencing any other terminated Specified Transaction (each, a
“Specified Transaction Document”) as provided in this Section 7.2 (the “Termination Payment”). 
 (c) The Performing Party shall calculate the Termination Payment by: 
 (i) [*]; 
 (ii) [*]; 

(iii) [*]; 
 (iv) [*]; 
 (v) [*]; and 

(vi) netting or aggregating all of the foregoing amounts into a single liquidated amount (without duplication of any Early Termination
Fee payable by Purchaser to JPM CCC under Section 4.2) payable by one Party to the other Party. 
 (d) Without
limiting any other term or provision of this Agreement, the Defaulting Party shall, in addition to the amounts set forth above, indemnify and hold harmless the Performing Party for any damages, losses, fees, costs and expenses which the Performing
Party may pay or incur from, as a result of or in connection with the enforcement of and protection of any of its rights and remedies under this Agreement or any Specified Transaction Document as a result of the early termination of this Agreement
and any terminated Specified Transaction (including reasonable attorney’s fees and costs of collection). 
 (e) If the
Defaulting Party owes the Termination Payment to the Performing Party, then, within [*]Banking Days of the date upon which the Performing Party’s notice of the Termination Payment is effective, the Defaulting Party shall pay the
Termination Payment to the Performing Party, less the value of any cash proceeds of any Letter of Credit (if any) held by the Performing Party with respect to which the Performing Party has notified the Defaulting Party in writing of its election to
apply such proceeds towards satisfaction of the Termination Payment. If the Performing Party owes the Termination Payment to the Defaulting Party, then, within [*]  

  
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Banking Days of the date upon which the Performing Party’s notice of the Termination Payment is effective, the Performing Party shall pay the Termination Payment to the Defaulting Party,
less the value of any cash proceeds of any Letter of Credit (if any) held by the Defaulting Party which have not been returned by the Defaulting Party to the Performing Party. 
 (f) For purposes of this Section 7.2, “Contract Value”, “Market Value” and “Close-out Amount” have the meanings specified below: 

(i) “Contract Value” means [*]. 

(ii) “Market Value” means [*]. 

(iii) “Close-out Amount” means, [*]. 

(g) The Performing Party shall notify the Defaulting Party as soon as reasonably practicable of the Termination Payment and whether it is
owing to or owed by the Defaulting Party. Such notice shall include a written statement explaining in reasonable detail the calculation of the amount of the Termination Payment, provided the failure to give such notice shall not affect the
validity or enforceability of the liquidation or give rise to any claim by the Defaulting Party against the Performing Party. Interest on any unpaid portion of the Termination Payment shall accrue from the date due until the date of payment at a
rate equal to LIBOR plus [*]. 
 (h) The Performing Party’s rights and remedies under this
Section 7.2 shall be in addition to, and not in limitation or exclusion of, any other rights of setoff, recoupment, combination of accounts, lien or other right which it may have, whether by agreement, operation of law or otherwise. No
delay or failure on the part of a Performing Party to exercise any right or remedy shall constitute an abandonment of such right or remedy, and the Performing Party shall be entitled to exercise such right or remedy at any time after an Event of
Default has occurred, so long as such Event of Default is continuing. 
 (i) Upon or at any time after the occurrence of an
Event of Default on the part of Purchaser, JPM CCC may from time to time draw upon any Letter of Credit up to the stated face amount thereof and hold or apply the proceeds realized upon the exercise of any such rights as security for or to reduce
the Purchaser’s obligations under this Agreement or any other Specified Transaction Document (the Purchaser remaining liable for any amounts owing to the JPM CCC after any such application), subject to the JPM CCC’s obligation to return
any surplus proceeds remaining after such obligations are satisfied in full. 
 (j) Notwithstanding any other term or provision
of this Agreement or any other Transaction Document, if (i) an Event of Default or (ii) an event described in Section 7.1(g) that, with the lapse of time or the giving of notice or both, would constitute an Event of Default, in
each case, shall have occurred and be continuing, the Performing Party, upon written notice to the Defaulting Party, shall have the right: (A) to suspend performance of any of its obligations under this Agreement, any or all Transactions, any
other Specified Transaction Document and any or all other Specified Transactions and (B) to the extent an Event of Default shall have occurred and be continuing, to exercise any remedy available under any other Transaction Document, Applicable
Laws, in equity or otherwise. 

  
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 (k) Notwithstanding anything herein to the contrary, upon termination of all Specified Oil
Transactions in respect of Oil that, on the Early Termination Date, is in the CG Tanks or is in transit to the CG Tanks (each such transaction, a “Terminated Transaction”) by Purchaser pursuant to Section 7.2(a),
Purchaser shall have the right, but not the obligation, to purchase all (but not less than all) of the Oil that was the subject of such Terminated Transactions, in each case, at [*] (with such right under this Section 7.2(k) to be
exercised, if at all, in lieu of any amounts that otherwise would have been payable pursuant to Section 7.2(c) by either Party in respect of such Terminated Transactions.) Purchaser must exercise such right to purchase Oil that was the
subject of such Terminated Transactions by providing written notice to JPM CCC of its exercise of such right by no later than [*] on the Early Termination Date, and such right shall expire if not exercised by such time. [*]. Any amount payable by
the Purchaser to JPM CCC under this Section 7.2(k) shall be due and payable on the earlier of the date that the related Termination Payment is due and payable under Section 7.2(e), or [*] Banking Days after the Early
Termination Date, provided, that such amount may, [*]. Title to such Oil purchased under this Section 7.2(k) shall not transfer to Purchaser until payment in accordance with this Section 7.2(k) for such Oil has been received
by JPM CCC. For the avoidance of doubt, in calculating the amount payable by Purchaser to JPM CCC under this Section 7.2(k), Purchaser shall be permitted to take account of any unused Purchaser Credit Rights. 

(l) Notwithstanding anything herein to the contrary, in the event that JPM CCC exercises any right it may have to terminate this
Agreement or to suspend its performance hereunder, if JPM CCC provides Purchaser with a notice of suspension of JPM CCC’s performance, Purchaser shall undertake the orderly and safe shutdown of the Refinery, and the Refinery shall be shut down
within [*] from the time that such notice of suspension is provided to Purchaser. Purchaser acknowledges that [*] is sufficient for an orderly and safe shutdown of the Refinery (including without limitation to comply with any
applicable requirements of the Occupational Safety and Health Administration or other relevant regulatory agencies or bodies), and that it will use commercially reasonable efforts to minimize the amount of Oil drawn from the CG Tanks during the
shutdown process. Purchaser further covenants and agrees with JPM CCC that money damages are not an adequate remedy at law for Purchaser’s breach of this Section 7.2(l) by Purchaser’s failing to effectuate the orderly and safe
shutdown of the Refinery in the time period required, and that JPM CCC shall be entitled to demand and receive equitable or injunctive relief, including specific performance, in the event of any breach or threatened breach by Purchaser of this
Section 7.2(l), in addition to all other rights and remedies available to JPM CCC under this Agreement, any other Transaction Document, Applicable Laws or otherwise. Purchaser hereby irrevocably and unconditionally waives all defenses
and claims it may have at any time based on the adequacy of a remedy at law and any other defense or claim that might be asserted to bar the remedy of injunctive relief or specific performance provided herein in any action or proceeding which may be
brought or initiated by JPM CCC pursuant to this Section 7.2(l). 

  
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 ARTICLE VIII 
 MISCELLANEOUS 
 Section 8.1 Governing Law and Submission to
Jurisdiction. 
 (a) This Agreement shall be governed by and construed in accordance with the laws of the State of New
York and the applicable laws of the United States of America. 
 (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS
AGREEMENT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY CONSENTS, FOR ITSELF AND IN
RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PARTY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR OTHER DOCUMENT RELATED HERETO. EACH PARTY WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS
PERMITTED BY THE LAW OF SUCH STATE. 
 Section 8.2 Waivers. 

(a) EACH PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING
UNDER THIS AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE, WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

(b) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER PARTY SHALL ASSERT, AND EACH PARTY HEREBY WAIVES, ANY CLAIM AGAINST THE
OTHER PARTY, 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 OR ANY AGREEMENT OR INSTRUMENT
CONTEMPLATED HEREBY, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY; PROVIDED, HOWEVER, THAT NOTHING IN THIS SECTION 8.2(b) OR IN ANY OTHER PROVISION OF THIS AGREEMENT SHALL BE CONSTRUED TO WAIVE OR ALTER JPM CCC’S RIGHT TO RECOVER
AN EARLY TERMINATION FEE PURSUANT TO SECTION 4.2. 
 (c) Each Party agrees that notwithstanding any provisions of law
relating to adequate assurance of future performance, including Article 2–609 of the Uniform Commercial Code, neither Party shall be entitled to request adequate assurance under this Agreement or any Specified Transaction between the Parties.

  
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 Section 8.3 Further Assurances. Each Party agrees to take all such further
actions reasonably requested by the other Party and to execute, acknowledge and deliver all such further documents as are reasonably necessary and useful to carry out the purposes of the transactions contemplated hereby. 

Section 8.4 Regulations. If at any time any Governmental Authority having jurisdiction over this Agreement (or the
transportation, delivery, sale or purchase of Oil hereunder) shall take any action (including the issuance of any laws, rules or regulations) affecting either Party or any Transporter with respect to the sale, transportation, handling or delivery of
Oil that in the affected Party’s sole judgment imposes an undue burden on that Party, the Parties shall endeavor to negotiate mutually acceptable revisions to this Agreement which will maintain the economic benefits of this Agreement intended
to be obtained; provided, however, neither Party shall be obligated to agree to or accept any amendment of this Agreement proposed by the other Party. 
 Section 8.5 Regulatory Filings. Each Party shall make all regulatory filings, if any, that are necessary in order to effectuate the transactions contemplated by this Agreement. 

Section 8.6 No Waiver. No waiver by either Party of any one or more defaults by the other in the performance of any
provisions of this Agreement shall operate or be construed as a waiver of any future default or defaults, whether of a similar or dissimilar character. 
 Section 8.7 Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions
of this Agreement shall not be affected or impaired thereby and (b) the Parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as
close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 8.8 Successors and Assigns. This Agreement shall be binding on the Parties and any of their respective successors
and permitted assigns. Neither Party shall assign this Agreement or its rights hereunder without first having obtained the written consent of the other Party; provided, however, that JPM CCC may, without the consent of Purchaser, assign this
Agreement and/or any of its rights or obligations hereunder to an Affiliate of JPM CCC so long as JPM CCC remains jointly and severally liable with such Affiliate for full performance of JPM CCC’s obligations under this Agreement. Any
Party’s transfer or assignment in violation of this Section 8.8 shall be void as to the other Party. 
 Section
8.9 Confidentiality. The contents of this Agreement and all other documents relating to this Agreement (including any Confirmation), and any information made available by one Party to the other Party with respect to this Agreement (or
any Confirmation) is confidential and shall not be disclosed to any third party (nor shall any public announcement relating to this Agreement or any Confirmation be made by either Party), except for such information (a) as may

  
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become generally available to the public other than due to breach of this provision, (b) as may be required or appropriate in response to any summons, subpoena, or otherwise in connection
with any litigation or to comply with any Applicable Law, order, regulation, ruling, or accounting disclosure rule or standard, (c) as may be obtained from a non-confidential source that disclosed such information in a manner that did not
violate its obligations to the non-disclosing Party in making such disclosure, (d) as is disclosed to regulators or examiners or (e) as may be furnished to the disclosing Party’s Affiliates, and to each of such person’s auditors,
attorneys, advisors, lenders or potential lenders, investors or potential investors, or buyers or potential buyers which are required to keep the information that is disclosed in confidence and provided, further, that a Party may disclose any
one or more of the commercial terms of a Specified Transaction (other than the name of the other Party unless otherwise agreed to in writing by the Parties) to any industry price source for the purpose of aggregating and reporting such information
in the form of a published energy price index. With respect to information provided with respect to a Specified Transaction, this obligation shall survive for a period of one (1) year following the expiration or termination of such Specified
Transaction. With respect to information made available pursuant to this Agreement, this obligation shall survive for a period of one (1) year following the delivery of such information. With respect to the contents of this Agreement, this
obligation shall survive for a period of one (1) year following the expiration or termination of this Agreement. 
 Section 8.10
Notices. All notices, requests, statements or payments required to be made under this Agreement shall be made as specified below. All notices are required to be in writing and shall be delivered by letter, facsimile or other
documentary form. Notice by facsimile or hand delivery shall be deemed to have been received on the Business Day on which it was transmitted or hand delivered (unless transmitted or hand delivered after 4:00 Central Time in which case it shall be
deemed received on the next Business Day). Notice by overnight mail or courier shall be deemed to have been received two (2) Business Days after it was sent. A Party may change its addresses by providing notice of same in accordance herewith.
Notices shall be sent as follows: 
 If to JPM CCC, addressed to: 

J.P. Morgan Commodities Canada Corporation 

600, 326-11th Avenue SW 
 Calgary, AB T2R OC5 
 Attention: [*]Phone: [*]

 Fax: [*] 
 With a copy to: 
 J.P. Morgan 

83 Harvard Avenue 
 Stamford, CT 06902 
 Attention: [*] 

Phone: [*] 
 Fax: [*] 

  
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 If to Purchaser, addressed to: 

SPP Refining 
 Attn: [*]  
 301 Saint Paul Park Road 

St. Paul Park, MN 55071 
 With a copy to: 
 SPP Refining: 

St. Paul Park Refining Co. LLC 
 c/o Northern Tier Energy LLC 
 38 C Grove Suite 100 

Ridgefield, CT 06811 
 Attn: [*] 
 Fax: [*] 

Section 8.11 Amendments, Etc. No amendment or waiver of any provision of this Agreement, and no consent to any
departure by any Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Parties, and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose
for which given. 
 Section 8.12 Acknowledgments. Purchaser acknowledges and agrees that (a) JPM CCC
is a merchant of crude oil and may, from time to time, be dealing with prospective counterparties, or pursuing trading or hedging strategies, in connection with aspects of JPM CCC’s business which are unrelated hereto and that such dealings and
such trading or hedging strategies may be different from or opposite to those being pursued by or for Purchaser; (b) JPM CCC may, in its sole discretion, determine whether to advise Purchaser of any potential transaction with a counterparty and
prior to advising Purchaser of any such potential transaction JPM CCC may, in its discretion, determine not to pursue such transaction or to pursue such transaction in connection with another aspect of JPM CCC’s business and JPM CCC shall have
no liability of any nature to Purchaser as a result of any such determination; (c) JPM CCC has no fiduciary or trust obligations of any nature with respect to the Refinery or Purchaser, provided, however, that, subject to
Section 8.9, JPM CCC shall have the obligation to keep confidential non-public information related to Oil acquisitions by Purchaser; (d) JPM CCC may enter into transactions and purchase crude oil for its own account or the account
of others at prices more favorable than those being paid by Purchaser hereunder; and (e) nothing herein shall be construed to prevent JPM CCC, or any of its partners, officers, employees or Affiliates, in any way from purchasing, selling or
otherwise trading in crude oil or any other commodity for its or their own account or for the account of others, whether prior to, simultaneously with, or subsequent to any transaction under this Agreement. 

Section 8.13 Nature of the Transaction and Relationship of Parties. 

(a) No Partnership. This Agreement shall not be construed as creating a partnership, association or joint venture between the
Parties. It is understood that Purchaser is an independent contractor with complete charge of its employees and agents in the performance of its duties hereunder and nothing herein shall be construed to make Purchaser, or any employee or agent of
Purchaser, an agent or employee of JPM CCC. 

  
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 (b) Nature of Transactions. 

(i) The Parties intend and expect that each transaction involving the purchase and sale of Oil contemplated hereunder and under any other
Transaction Document constitutes a purchase and sale of Oil between them in all respects. However, in the event that any transaction or series of transactions involving the purchase and sale of any Oil hereunder or under any other Transaction
Document is recharacterized by any court, bankruptcy trustee or similar authority having competent jurisdiction over the Parties to constitute a loan, financing or other financial accommodation from JPM CCC to Purchaser, then Purchaser shall be
deemed to have granted to JPM CCC a valid, enforceable, perfected first-priority security interest in and lien on all of Purchaser’s right, title and interest in and to all such Oil and all products and proceeds thereof before title to any of
the foregoing passes from JPM CCC to Purchaser in accordance with Section 2.4 (such Oil, “Supplier Oil”) as security for the payment and performance of all of Purchaser’s obligations under this Agreement and the
other Transaction Documents, which liens shall be automatically released when title to the Supplier Oil passes to Purchaser in accordance with Section 2.4. 
 (ii) Notwithstanding anything to the contrary contained in this Agreement or any other Transaction Document, the Parties hereby agree that, with respect to any Oil delivered by JPM CCC to Purchaser from
time to time under this Agreement with respect to which title to such Oil has passed from JPM CCC to Purchaser but for which Purchaser has not rendered payment to JPM CCC for such Oil on the date and at the time required under
Section 3.1 of this Agreement (each, a “Specified Payment Time”), Purchaser hereby pledges, assigns and transfers to JPM CCC, and hereby grants to JPM CCC, as security for the prompt and complete payment by Purchaser of
the purchase price for any such Specified Oil (collectively, “Specified Obligations”), a first priority security interest in and lien on all right, title and interest of Purchaser in or to any and all of the following assets and
properties now owned or at any time hereafter arising or acquired by Purchaser (collectively, the “Specified Collateral”): (a) all Oil delivered by JPM CCC to Purchaser under this Agreement [*]with respect to which title
to such Oil has passed from JPM CCC to Purchaser but for which Purchaser has not rendered payment to JPM CCC (collectively, the “Specified Oil”), (b) all liquid and gaseous hydrocarbons and other minerals, substances and
products refined, produced, processed, and/or derived from or attributable to any Specified Oil, and (c) all other products of any and all of the foregoing, and (d) all proceeds (as defined in the Uniform Commercial Code) of any and all of
the foregoing. If an Event of Default shall have occurred and be continuing, JPM CCC may exercise, in addition to all other rights and remedies granted or available to it under this Agreement, Applicable Law or otherwise, all rights and remedies of
a secured party under the Uniform Commercial Code or any other Applicable Law, in each case as in effect from time to time. Without limiting the foregoing, Purchaser and JPM CCC agree that (i) the security interest granted by Purchaser to JPM
CCC in any Specified Collateral is and shall constitute a purchase money security interest, the Specified Obligations are and shall constitute purchase money obligations, and the Specified Collateral is and shall constitute purchase money
collateral, in each and any case within the meaning of and under the Uniform Commercial Code, (ii) JPM CCC has and shall have all of the 

  
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rights, remedies and priorities available to the holder of a purchase money security interest under the Uniform Commercial Code, and (iii) all of the Specified Collateral shall secure the
payment of all Specified Obligations that would be owed by Purchaser to JPM CCC but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving Purchaser. 

(iii) This Agreement shall be deemed to constitute a security agreement under the Uniform Commercial Code for the purposes described in
clauses (b)(i) and (b)(ii) above. Purchaser hereby authorizes JPM CCC to file a Uniform Commercial Code financing statement with respect to all Supplier Oil and Specified Collateral, whether now owned or hereafter acquired. Notwithstanding the
foregoing, neither this Section nor the filing of any Uniform Commercial Code financing statement made pursuant to this Agreement shall in any way be construed as being contrary to the intent of the Parties that the transactions contemplated by this
Agreement and the other Transaction Documents be treated as purchases and sales of Oil. 
 (iv) Without limiting the foregoing
portions of this Section 8.13(b), and notwithstanding any other term or provision to the contrary in this Agreement, Purchaser hereby agrees that JPM CCC shall be entitled to take all actions reasonably determined by JPM CCC to be
necessary to ensure that JPM CCC’s right, title and interest in and to any Oil purportedly owned by JPM CCC and to be delivered to Purchaser hereunder or under any other Transaction Document, at all times during which and at all locations at
which JPM CCC has any such right, title and interest in and to such Oil, is secure at all times. 
 (v) The Parties further
intend that (A) this Agreement shall constitute a “forward contract” under Section 101(25) and a swap agreement under Section 101(53b) of Title 11 of the United States Code, 11 U.S.C. § 101 et seq., as amended from time
to time (the “Bankruptcy Code”), that this Agreement constitutes a “master netting agreement” under Section 101(38a) of the Bankruptcy Code, and that the rights of the Performing Party in Article VII include
the rights referred to in Section 561(a) of the Bankruptcy Code, (B) each Party shall be a “forward contract merchant” under Section 101(26) and a “master netting agreement participant” under Section 101(38B),
for purposes of the Bankruptcy Code, (C) each of JPM CCC and Purchaser are “forward contract merchants” within the meaning of Section 556 of the Bankruptcy Code and (D) that this Agreement and each Specified Transaction
shall constitute an “eligible financial contract” under the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and the Winding up and Restructuring Act (Canada), as any of
the foregoing legislation may be amended, restated, replaced or re enacted from time to time and will be similarly treated under and in all proceedings related to bankruptcy or insolvency of a Party subject to Canadian law. 

(c) No Authority. Neither Party shall have the right or authority to negotiate, conclude or execute any contract or legal document
with any third person on behalf of the other Party, to assume, create, or incur any liability of any kind, express or implied, against or in the name of the other Party, or to otherwise act as the representative of the other Party, unless expressly
authorized in writing by the other Party. 

  
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 Section 8.14 Non-Banking Day Payments. Whenever any payment shall be stated to
be due on a Day other than a Banking Day, such payment shall be made on the immediately preceding Banking Day. 
 Section 8.15
Currency Conversion. For settlement of invoices, currency conversions will be made using the Bank of Canada noon day exchange rate for the conversion of such currencies for all delivery dates for which Bank of Canada publishes such
rate. 
 Section 8.16 Recording of Conversations. Each Party (a) consents to the recording of telephone
conversations between the trading, marketing and other relevant personnel of the Parties in connection with this Agreement or any Transaction, (b) agrees to obtain any necessary consent of and give any necessary notice of such recording to its
relevant personnel and (c) agrees that all such recordings shall be held and maintained in accordance with Applicable Laws (including applicable privacy laws). 
 Section 8.17 Counterparts. This Agreement may be executed by the Parties in separate counterparts and initially delivered by facsimile transmission or otherwise, with original signature
pages to follow, and all such counterparts shall together constitute one and the same instrument. 
 Section 8.18 No Third
Party Beneficiaries. Except as provided in Section 4.6, nothing in this Agreement will provide any benefit to any third party or entitle any third party to any claim, cause of action, remedy or right of any kind, it being the
intent of the Parties that this Agreement will not be construed as a third-party beneficiary contract. 
 Section 8.19
Entire Agreement. This Agreement and the other Transaction Documents constitute the entire agreement between the Parties with respect to the subject matter hereof and thereof and may not be contradicted by evidence of prior,
contemporaneous, or subsequent oral agreements of the Parties. There are no unwritten oral agreements among the Parties. 

Section 8.20 Survival. Except where otherwise specified herein, the covenants, representations and warranties contained in
this Agreement and any document, certificate or other instrument delivered by or on behalf of a Party pursuant to this Agreement shall survive expiration or termination of this Agreement and shall continue in full force and effect for the benefit of
the Party to whom they are given. No expiration or termination of this Agreement, however effected, shall affect or extinguish any rights or obligations of the Parties (including with respect to the Parties’ indemnification obligations), which
accrued prior to the date of termination or affect or extinguish any remedies available to any Party by contract, at law, equity or otherwise. 
 [Signature Pages Follow] 

  
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 EXECUTED as of the date first written above by JPM CCC and Purchaser. 

 

							
	JPM CCC:	 		 	PURCHASER:
			
	J.P. MORGAN COMMODITIES CANADA CORPORATION	 		 	 ST. PAUL PARK REFINING CO. LLC

				
	By:                             
                                         
              	 		 	By:	 	 
	    
Name:                                        
                                  	 		 		 	Name:                             
                                         
                  
	    
Title:                                        
                                    	 		 		 	Title:                            
                                         
                     

  
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 EXHIBIT A 
 TERMS AND DEFINITIONS 
 The following defined terms are used or referenced in the
body of this Agreement. 
 “ABL Collateral Documents” means the Collateral Documents (as defined in the ABL Credit Agreement).

 “ABL Commitment Letter” means the Commitment Letter dated as of October 6, 2010 relating to the ABL Facility among NTR,
J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. 
 “ABL Credit Agreement” means the Credit Agreement dated as of the
date hereof among Purchaser, Northern Tier Bakery LLC, Northern Tier Retail LLC and SuperAmerica Franchising LLC, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Holdings, the subsidiaries of Holdings party
thereto and the lenders party thereto. 
 “ABL Facility” means the $300,000,000 asset-based revolving loan facility described
in Exhibit B to the ABL Commitment Letter or any refinancing thereof or whole or partial replacement therefor. 
 “Acquisition”
means the acquisition of all of the equity of Purchaser by certain Persons, including ACON Investments, L.L.C., NTR Partners LLC and TPG Capital L.P. and their affiliates, as set forth in the Transaction Agreement. 

“Actionable Dealer Quotation” means, with respect to either Party and any Type and quantity of Oil proposed to be sold by Purchaser to
JPM CCC on any date for delivery at any delivery point pursuant to a Purchaser Supply Transaction, and which Oil is intended thereafter to be resold by JPM CCC to Purchaser for delivery to the Refinery pursuant to a Transaction, a quotation provided
by a Substitute Dealer (defined below) to such Party setting forth the price at which such Substitute Dealer is willing on such date to enter into a transaction to sell such Type and quantity of Oil for delivery at such delivery point. As used
herein, “Substitute Dealer” means a third party that is not affiliated with either Party or any of such Party’s Affiliates and that is a recognized dealer in physical crude oil purchase and sale transactions. 

“Affected Transaction” has the meaning set forth in Section 2.3(g) of this Agreement. 

“Affected Transaction Quantities” has the meaning set forth in Section 2.3(g) of this Agreement. 

“Affiliate” means, in relation to any Person, any entity Controlled, directly or indirectly, by such Person, any entity that Controls,
directly or indirectly, such Person, or any entity directly or indirectly under common Control with such Person. For purposes of this definition, “Control” means, when used with respect to any specified Person, the power to direct
the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. 
 “Agreement” has the meaning set forth in the introductory paragraph of this Agreement. 

  
 A-1

 “Applicable Laws” shall mean all valid laws, orders, directives, rules and regulations of
any governmental body, official or court, foreign, or domestic, having jurisdiction over the Parties or any matter relevant to rights and obligations hereunder, including all environmental orders and directives. 

“Applicable Pipeline” means a pipeline that transports the particular Type or quantity of Oil that Purchaser instructs JPM CCC to
acquire or supply for delivery to the Refinery during any Delivery Month. 
 “Banking Day” means a Day, other than Saturday,
Sunday or any legal holiday recognized by financial institutions located in New York, New York. 
 “Bankruptcy Code” has the
meaning set forth in Section 8.13(b)(v). 
 “Barrel” means one United States barrel (42 United States gallons and,
with respect to heavy Oil, 0.1589873 Cubic Meters and, with respect to light Oil, 0.15891 Cubic Meters). 
 “Business Day”
means a Day, other than Saturday or Sunday, on which NYMEX is open for trading during its regular trading session. 
 “Central
Time” means Central Standard Time or Central Daylight Time in effect in Saint Paul Park, Minnesota, on the date in question. 

“CG Shipper’s Balance” means the monthly statement from the Purchaser as lessor of the CG Tanks detailing by Type of Oil and by
each Day within the applicable Month, all receipts to, transfers within, and deliveries out of, the CG Tanks during such Month. 
 “CG
Tanks” means the crude oil storage tanks leased to JPM CCC from Purchaser located in Cottage Grove, Minnesota. 
 “CG Tanks
Lease Agreement” means the lease agreement dated as of the date hereof for the CG Tanks between Purchaser, as lessor, and JPM CCC, as lessee, which lease agreement shall include, among other provisions, operating procedures providing lessee
with reasonable means to manage and control deliveries from the CG Tanks to the Delivery Point and provisions allocating to lessor responsibility for all loss of, damage to or contamination of Oil while in the custody of the CG Tanks or occurring
during the receipt, handling, storage or delivery of Oil to or from the CG Tanks, including any casualty or other spillage. 
 “Change
in Law Event” means, with respect to a Party, the occurrence of an event or circumstance after the date of this Agreement (other than any action taken by such Party) which makes it unlawful under any Applicable Law for such Party to make or
receive any payment or delivery required to be made or received by such Party under, or for such Party to comply with any other material provision of, this Agreement or any other Transaction Document. 

“Change of Control” shall be deemed to have occurred if Purchaser or any Person (including any Affiliate of Purchaser) with a credit
rating materially equivalent to that of Purchaser as of the Original Effective Date shall fail to own the Refinery. 

  
 A-2

 “Close-out Amount” has the meaning set forth in Section 7.2(f)(iii) of this
Agreement. 
 “Confirmation” means a Transaction Confirmation, a Purchaser Supply Transaction Confirmation and/or a [*],
as applicable. 
 “Confirmed Delivery Date” has the meaning set forth in Section 3.1(b) of this Agreement.

 “Contract Value” has the meaning set forth in Section 7.2(f)(i) of this Agreement. 

“Cubic Meter” means, with respect to light Oil, 6.29287 Barrels and, with respect to heavy Oil, 6.2898105 Barrels. 

“Daily Delivered Volume” means the volume (in Barrels) of Oil delivered by JPM CCC to Purchaser hereunder pursuant to a Refinery
Delivery Schedule, as measured by the flange at the outlet of the CG Tanks leading to the Refinery for a 24-hour period beginning at 12:00 a.m. Central Time on a Delivery Day, as may be evidenced or otherwise determined in accordance with
Section 2.6 or such other measuring or metering process as may be mutually agreed. 
 “Daily Price” means,
[*]. 
 “Day” shall mean a period of twenty-four (24) consecutive hours beginning and ending at midnight Central
Time. 
 “Deemed Capital Charge” means[*]. 
 “Defaulting Party” has the meaning set forth in Section 7.2(a) of this Agreement. 
 “Defect” has the meaning set forth in Section 2.7 of this Agreement. 

“Delivery Day” means a Day on which JPM CCC physically delivers Oil to Purchaser hereunder pursuant to a Refinery Delivery Schedule at
the Delivery Point. 
 “Delivery Month” means a Month during which Oil purchased by Purchaser hereunder is delivered pursuant
to a Refinery Delivery Schedule to the CG Tanks for ultimate delivery to the Refinery. 
 “Delivery Point” means the point
where Oil exits the CG Tanks and enters Purchaser’s facilities or such other delivery point that is physically available and has been agreed to by JPM CCC. 
 “Delivery Week” has the meaning set forth in Section 3.2(a). 

“Differential” means any crude oil grade differential (in US Dollars/Barrel). 
 “Early Termination Date” has the meaning set forth in Section 7.2(a) of this Agreement. 
 “Early Termination Fee” has the meaning set forth in Section 4.2(a) of this Agreement. 
 “Effective Date” has the meaning set forth in the preamble to this Agreement. 

  
 A-3

 “Enbridge North Dakota Pipeline” means the pipelines, storage and appurtenant facilities
owned by Enbridge Pipelines (North Dakota) L.L.C., with delivery at Clearbrook, Minnesota. 
 “Enbridge Pipeline” means the
crude oil mainline pipeline that runs from Edmonton, Alberta to the Canada/United States border and the United States system, known as the Lakehead system, including pipeline, storage and appurtenant facilities. 

“Environmental Laws” means any existing or past Applicable Law, policy, judicial or administrative interpretation thereof or any legally
binding requirement that governs or purports to govern the protection of persons, natural resources or the environment (including the protection of ambient air, surface water, groundwater, land surface or subsurface strata, endangered species or
wetlands), occupational health and safety and the manufacture, processing, distribution, use, generation, handling, treatment, storage, disposal, transportation, release or management of solid waste, industrial waste or hazardous substances or
materials. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any
successor statute and all rules and regulations promulgated thereunder. 
 “ERISA Event” has the meaning given such term
in the ABL Credit Agreement. 
 “Estimated Daily Delivered Volume” means, in respect of a Delivery Day, JPM CCC’s
commercially reasonable estimate, on the Business Day prior to such Delivery Day, of the Daily Delivered Volume for such Delivery Day based upon the applicable Refinery Delivery Schedule. 
 “Estimated Daily Payment” means, in respect of a Delivery Day, the sum for all Types of Oil of the amounts calculated for each Type of Oil equal to product of the Estimated Daily Price
for such Type of Oil for such Delivery Day and the Estimated Daily Delivered Volume of such Type of Oil for such Delivery Day. 

“Estimated Daily Payment Invoice” has the meaning set forth in Section 3.1(a). 

“Estimated Daily Price” means, [*]. 
 “Event of Default” has the meaning set forth in Section 7.1. 

“Excluded Taxes” means any taxes based on income or net worth of a Person. 
 “Extended Failure” shall have the meaning set forth in Section 7.1(e). 
 “Failing Party” has the meaning set forth in Section 2.3(h) of this Agreement. 
 “[*]. 
 “Final Termination Date” has the meaning set forth in
Section 2.9(a)(i) of this Agreement. 
 “Fixed Amount” means, [*] 

  
 A-4

 “Force Majeure” means an event, whether foreseeable or unforeseeable, which causes a
failure by any Party to perform delivery or acceptance obligations hereunder to the extent that such event is reasonably beyond the control of such Party, except for the obligation to make payment due hereunder, including war, riots, insurrections,
fires, explosions, sabotage, acts of terrorism, strikes and other labor or industrial disturbances, acts of God or the elements, government laws, regulations or requests, disruption or breakdown of production or transportation facilities, delays of
pipelines in receiving and delivering Oil tendered, interruption or curtailment of transportation services provided by Transporters, or a Change in Law Event, but in no event will JPM CCC’s ability to sell Oil at a higher or more advantageous
price, or Purchaser’s ability to purchase Oil at a lower or more advantageous price, in either case, be deemed to be a Force Majeure Event. 
 “Force Majeure Termination Date” has the meaning set forth in Section 2.8(h). 
 “Governmental Authority” means any federal, state, provincial, regional, local or municipal governmental body, agency, instrumentality, authority or entity established or controlled by a
government or subdivision thereof, including any legislative, administrative, regulatory or judicial body, or any person purporting to act therefore, and shall include NYMEX. 
 “Holdings” means Northern Tier Energy LLC, a Delaware limited liability company. 

“ICE” means IntercontinentalExchange, Inc. 
 “Imbalance Quantity” has the meaning set forth in Section 2.5 of this Agreement. 
 “Indemnified Party” has the meaning set forth in Section 4.6(c) of this Agreement. 
 “Indemnifying Party” has the meaning set forth in Section 4.6(c) of this Agreement. 
 “Injection Month” means the Month during which each Type of Oil must be delivered to the applicable Transporter in order for delivery to the Refinery to occur in the desired Delivery
Month. 
 “Intra-week Invoice” has the meaning set forth in Section 3.2(a). 

“Intra-week Invoice Day” has the meaning set forth in Section 3.2(a). 
 “JPM CCC” has the meaning set forth in the introductory paragraph of this Agreement. 
 “JPM CCC Counterparty” has the meaning set forth in Section 2.8(a) of this Agreement. 
 “JPM CCC Counterparty Force Majeure” has the meaning set forth in Section 2.8(a) of this Agreement. 
 “JPM CCC Force Majeure” means a Force Majeure affecting JPM CCC’s performance hereunder. 
 “JPM CCC’s Account” means JPM CCC’s account maintained at CIBC, Toronto through JPMorgan Chase Bank, New York, bearing account number [*], swift code: [*], or such
other account as JPM CCC may designate from time to time in a written notice to Purchaser. 

  
 A-5

 “JPM Parent” means JPMorgan Chase & Co. 

“Letter of Credit” means [*]. 
 “Letter of Credit Default” means, with respect to an outstanding Letter of Credit, (a) the occurrence of any of the following events: (i) the issuer of such Letter of
Credit’s long-term unsecured debt (not supported by third party credit enhancement) shall fail to be rated at least “A” by S&P and “A2” by Moody’s; (ii) the issuer of such Letter of Credit shall fail to comply
with or perform its obligations under such Letter of Credit if such failure shall continue for 1 Banking Day; (iii) the issuer of such Letter of Credit shall disaffirm, disclaim, repudiate or reject, in whole or in part, or challenge the
validity of, such Letter of Credit; (iv) such Letter of Credit shall expire or terminate, or shall fail or cease to be in full force and effect, at any time during the Term of this Agreement; (v) any event analogous to an event specified
in Section 7.1(g) shall occur with respect to the issuer of such Letter of Credit; or (vi) such Letter of Credit shall have fewer than forty-five (45) Days of effectiveness prior to its stated expiration date and
(b) Purchaser has failed to replace such Letter of Credit with a new Letter of Credit within (x) five (5) Banking Days after the occurrence of an event described in clause (a)(i) above, (y) two (2) Banking Days after the
occurrence of an event described in clause (a)(ii) – (v) above, or (z) five (5) Banking Days in advance of an event described in clause (a)(vi) above. 
 “Liabilities” means any losses, claims, charges, damages, deficiencies, assessments, interests, penalties, costs and expenses of any kind (including reasonable attorneys’ fees and
other fees, court costs and other disbursements), directly or indirectly arising out of or related to any suit, proceeding, judgment, settlement or judicial or administrative order, including any liabilities with respect to Environmental Laws.

 “LIBOR” the rate per annum determined by JPM CCC at approximately 11:00 a.m. (London time) on the date that is two London
Banking Days prior to the beginning of the applicable interest period by reference to the British Bankers Association LIBOR Rate, as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as may be designated
by JPM CCC from time to time) (“BBA LIBOR”) for a period equal to such interest period; provided, however, that if the BBA LIBOR is not available to JPM CCC for any reason, then the applicable LIBOR for the relevant interest
period shall instead be the average of the rates per annum at which deposits in US Dollars are offered for such interest period to major banks in the London interbank market in London, England by JPMorgan Chase Bank, N.A. at approximately 11:00 a.m.
(London time) on the date which is two London Banking Days prior to the beginning of such interest period. Each determination by JPM CCC pursuant to this definition shall be conclusive absent manifest error. 

“London Banking Day” means a day on which dealings in US Dollar deposits are conducted by and between banks in the London interbank
eurodollar market. 
 “Marathon” means Marathon Petroleum Company LP, a Delaware limited liability partnership. 

“Market Value” has the meaning set forth in Section 7.2(f)(ii) of this Agreement. 

  
 A-6

 “Minimum Quality Specifications” means the minimum quality specifications for a Type of Oil
to be delivered at the Delivery Point, as such specifications may be set forth in the tariff of the applicable Transporter. 

“Minnesota Pipeline” means the pipeline, storage and appurtenant facilities owned by MPL. 

“Month” means a calendar month. 
 “Monthly Invoice” has the meaning set forth in Section 3.2(d) of this Agreement. 
 “Monthly Weighted Average Differential” means, with respect to each Type of Oil that is the subject of any Transaction entered into hereunder for a given Injection Month, the monthly
weighted average of all Differentials for all such Transactions for such Type of Oil entered into for such Injection Month. 

“Moody’s” means Moody’s Investors Service, Inc. or any successor that is a national credit rating organization. 

“MPL” means Minnesota Pipe Line Company, a Delaware corporation. 
 “MPL Delivery Schedule” means the delivery schedule that is provided to JPM CCC on a monthly basis by MPL, detailing anticipated delivery dates and quantities (subject to
Sections 2.8 and 2.12). 
 “MPL Tanks” means the crude oil storage tanks owned by MPL and located in
Clearbrook, Minnesota. 
 [*]. 

“Net Payment” has the meaning set forth in Section 3.2(d) of this Agreement. 

[*]. 
 “NGX” means
Natural Gas Exchange Inc. 
 “Nomination” has the meaning set forth in Section 2.2(g). 

“Nomination and Pricing Schedule” has the meaning set forth in Section 2.2(f). 

“NTR” means Northern Tier Investors LLC, a Delaware limited liability company. 
 “NYMEX” means the New York Mercantile Exchange, Inc. and any successor thereto. 

“Oil” has the meaning set forth in the first WHEREAS clause of this Agreement. 
 “Operational Imbalance” means (a) with respect to JPM CCC, an imbalance (stated in Barrels) between (i) the quantity of Oil tendered by JPM CCC at an upstream point on a
Transporter’s pipeline system during a period of time and (ii) the quantity of Oil actually redelivered by the Transporter at the Delivery Point during the applicable period of redelivery, and (b) with respect

  
 A-7

 
to Purchaser, an imbalance (stated in Barrels) between (i) the quantity of Oil requested by Purchaser at the Delivery Point during a period of time and (ii) the quantity of Oil actually
delivered by the Transporter to Purchaser at the Delivery Point during the applicable period of delivery, and in each case shall include all adjustments, shortages or overages reported by the Transporter in question due to errors in measurement,
variations in rate of flow or any other reason, affecting the Transporter; provided, however, an Operational Imbalance shall not exist or be recognized to the extent an imbalance is the result of either JPM CCC’s or Purchaser’s
failure during any period to nominate, deliver or take delivery (or cause to be nominated or delivered or delivery to be taken of) quantities of Oil equal to the Scheduled Amount. 
 “Original Agreement” has the meaning set forth in the preamble to this Agreement. 
 “Original Effective Date” means December 1, 2010. 
 “Outstanding
Amount” has the meaning set forth in Section 4.5 of this Agreement. 
 “Parties” shall collectively mean
JPM CCC and Purchaser and any permitted successor or assignee of such parties, as the case may be. 
 “PATRIOT Act” means the
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. 107-56). 
 “Performing Party” has the meaning set forth in Section 7.2(a) of this Agreement. 
 “Person” includes an individual, corporation, partnership (including a limited partnership), limited liability company, company, trust, firm, Governmental Authority or other legal entity.

 “Pipeline Nomination Date” means, with respect to each Type of Oil included in a particular Injection Month’s
Nomination and Pricing Schedule, the last date (as established by the Applicable Pipeline) by which nominations must be made for the receipt of such Oil by such Applicable Pipeline during such Injection Month. 

“Pricing Day” means a Day on which JPM CCC will obtain the WTI for calculating the Daily Price or the Estimated Daily Price, as
applicable, as determined in accordance with the Pricing Day Basic Rules set forth on Schedule VI hereto. 
 “Primary
Term” has the meaning set forth in Section 5.1 of this Agreement. 
 “Purchase Order” has the meaning set
forth in Section 2.2(b)(ii). 
 “Purchaser” has the meaning set forth in the introductory paragraph of this Agreement.

 “Purchaser Buy Request” has the meaning set forth in Section 2.2(b)(i) of this Agreement. 

“Purchaser Credit Right” has the meaning set forth in Section 3.1(b) of this Agreement. 

“Purchaser Force Majeure” means any event Force Majeure preventing Purchaser’s performance hereunder which is not a JPM CCC Force
Majeure. 

  
 A-8

 “Purchaser Request” has the meaning set forth in Section 2.2(b)(i) of this
Agreement. 
 “Purchaser Sell Request” has the meaning set forth in Section 2.2(f)(ii) of this Agreement.

 “Purchaser Supply Transaction” has the meaning set forth in Section 2.2(h)(i) of this Agreement. 

“Purchaser Supply Transaction Confirmation” means a written communication confirming the terms of a Purchaser Supply Transaction in
substantially the form of Schedule IV hereto. 
 “Purchaser’s Offer Price” has the meaning given to such term in
Section 2.2(h)(i). 
 “Refinery” has the meaning set forth in the first WHEREAS clause of this Agreement.

 “Refinery Delivery Schedule” has the meaning set forth in Section 2.3(e). 

“Requirements” has the meaning set forth in Section 2.2(a) of this Agreement. 

“S&P” means Standard & Poor’s Rating Agency Group, a division of Mc-Graw Hill Companies, Inc., or any successor that
is a national credit rating organization. 
 “Scheduled Amount” means the daily quantity (stated in Barrels per Day) of the
Type of Oil which is to be delivered and sold by JPM CCC at the Delivery Point, as set forth in a Nomination and Pricing Schedule. 

“Scheduled Maintenance” means (a) regularly schedule maintenance of the Refinery required or suggested by manufacturers or
operators in the refining industry and (b) maintenance that is otherwise prudent in accordance with standard industry operating and maintenance practices. 
 “Section 2.2(f)(ii) Amount” has the meaning set forth in Section 2.2(f)(ii). 
 “Section 2.8(e) Amount” has the meaning set forth in Section 2.8(e). 

“Seller Parties” has the meaning set forth in the ABL Commitment Letter. 
 “Shipper’s Balance” means the monthly statement from an Applicable Pipeline or storage facility, detailing by Type of Oil all receipts to, transfers within, and deliveries out of,
such pipeline or storage facility during such Month. 
 [*] 
 [*] 
 “Specified Collateral” has the meaning set forth in
Section 8.13(b)(ii) of this Agreement. 
 “Specified Derivatives Transaction” has the meaning set forth in
Section 7.2(c)(ii) of this Agreement. 
 “Specified Indebtedness” means any obligation (whether present or future,
contingent or otherwise, as principal or surety or otherwise) of Purchaser in respect of borrowed money. 

  
 A-9

 “Specified Obligations” has the meaning set forth in Section 8.13(b)(ii) of
this Agreement. 
 “Specified Oil” has the meaning set forth in Section 8.13(b)(ii) of this Agreement. 

“Specified Oil Transaction” has the meaning set forth in Section 7.2(c)(i) of this Agreement. 

“Specified Payment Time” has the meaning set forth in Section 8.13(b)(ii) of this Agreement. 

“Specified Transaction” means any or all Transactions, Purchaser Supply Transactions and/or [*]. 

“Specified Transaction Document” has the meaning set forth in Section 7.2(b) of this Agreement. 

“SPP Payment Amount” means, [*].  
 “SPP Payment Benefit” means, [*]. 
 “Standard GTCs” means
JPM CCC’s Crude Oil Purchase/Sale Agreement General Terms and Conditions as in effect from time to time, modified in a commercially reasonable manner to conform to the transactions and concepts contemplated by Section 2.2(h).

 “Supplier Oil” has the meaning set forth in Section 8.13(b)(i) of this Agreement. 

“Supply Fee” means [*] per Barrel. 
 “Tank Bottoms” means heavy fractions, sediment/solids and water commonly referred to as BS&W that regularly accumulate at the bottom of storage tanks. 

“Taxes” shall mean all ad valorem, property, occupation, gathering, pipeline regulating, windfall profits, severance, gross production,
energy, excise, withholding and other taxes and governmental charges and assessments imposed on the quantity or value of Oil or on a Party as a result of such Party’s ownership, use or possession of such Oil. “Taxes” shall not include
Excluded Taxes. 
 “Term” means the Primary Term plus any extension of the term of this Agreement in accordance with
Section 2.9(a)(i). 
 “Terminated Transaction” has the meaning set forth in Section 7.2(k) of this
Agreement. 
 “Termination Payment” has the meaning set forth in Section 7.2(b) of this Agreement. 

“Third Party Claim” has the meaning set forth in Section 4.6(c) of this Agreement. 

[*] 
 [*] 

“Transaction” shall have the meaning set forth in Section 2.2(c) of this Agreement. 

  
 A-10

 “Transaction Advice” has the meaning set forth in Section 2.2(c) of this
Agreement. 
 “Transaction Agreement” means that certain Formation Agreement, dated as of October 6, 2010, among the
Seller Parties and NTR. 
 “Transaction Confirmation” means a written confirmation that contains the relevant trade details of
any Transaction in substantially the form attached as Schedule V hereto and/or a Nomination and Pricing Schedule as provided in Section 2.2(f), as the case may be, which in each case will be sufficient for all purposes to evidence
a binding supplement to this Agreement. 
 “Transaction Document” has the meaning set forth in Section 7.2(a) of
this Agreement. 
 “Transporter” means either (a) any third party common carrier or (b) any operator of Oil
transportation or storage facilities that are utilized by JPM CCC at any point or points upstream of the Delivery Point for ultimate delivery to the Delivery Point. 
 “Type” means a specific grade of Oil identified by Purchaser. 
 “Uniform
Commercial Code” means the Uniform Commercial Code in effect in the State of New York from time to time. 
 “Unpaid
Amounts” shall mean, with respect to any Early Termination Date, the aggregate of the amounts that became payable (whether or not due) to Purchaser or JPM CCC hereunder prior to the occurrence of such Early Termination Date or as a result
of the termination of this Agreement and that remain payable (whether or not due) as at such Early Termination Date together with interest thereon from (and including) the date such amounts became due and payable to (but excluding) such Early
Termination Date, at the LIBOR plus [*]. 
 “US Dollars” and “$” means the lawful money of the
United States of America. 
 “US GAAP” means generally accepted accounting principles in the United States of America in effect
and applicable to that accounting period in respect of which reference to US GAAP is being made. 
 “Volumetric
Accounting” means that JPM CCC may require that both JPM CCC and Purchaser account for each receipt and delivery of each Type of Oil as if no commingling with other Types of Oil occurred although various Types of Oil may be commingled
within individual CG Tanks. 
 “Weekly PCR Invoice” has the meaning set forth in Section 3.2(b). 

“Weekly PCR Invoice Day” has the meaning set forth in Section 3.2(b). 
 “Weekly Sales Invoice” has the meaning set forth in Section 3.2(a). 

“Weekly Sales Invoice Day” has the meaning set forth in Section 3.2(a). 
 “Working Capital Amount” means [*]. 
 “Working
Capital Fee” has the meaning set forth in Section 4.1(b) of this Agreement. 
 “WTI” means for any Day the
daily settlement price for the “Light Sweet Crude Oil” prompt Month futures contract as reported by NYMEX. 

  
 A-11

 SCHEDULE I 
 [INTENTIONALLY OMITTED] 

  
 Schedule I-1

 SCHEDULE II 
 NOMINATION AND PRICING SCHEDULE (WITH ATTACHMENT) 
 Reference is made to the Crude Oil
Supply Agreement dated as of December 1, 2010, between J.P. Morgan Commodities Canada Corporation and St. Paul Park Refining Co. LLC (as amended, restated, supplemented or otherwise modified from time to time, the “Supply
Agreement”). Capitalized terms used but not defined herein shall have the meanings specified in the Supply Agreement. 
 If at any time
any Transaction described in this Nomination and Pricing Schedule is not evidenced by a separate Transaction Confirmation delivered pursuant to Section 2.2(j) of the Supply Agreement, this Nomination and Pricing Schedule shall constitute a
Transaction Confirmation for such Transaction in all respects and for all purposes under the Agreement. If at any time any such Transaction is evidenced by a separate Transaction Confirmation, the terms of such Transaction Confirmation shall
control. 

  
 Schedule II-1

 ATTACHMENT TO SCHEDULE II 

SAMPLE FORMAT 
 Nomination and Pricing Schedule 
 Dec-10 Nomination 

 

													
	 No.
	  	Crude
Grade	 	 	Aggregate
Volume
(bpd)	 	  	Weighted
Average
Grade
Diff ($/
bbl)	 
	 1
	  	 	NDL	  	 	 	0	  	  	 	0.00	  
	 2
	  	 	FOS	  	 	 	0	  	  	 	0.00	  
	 3
	  	 	HSB	  	 	 	0	  	  	 	0.00	  
	 4
	  	 	CLK	  	 	 	0	  	  	 	0.00	  
	 5
	  	 	SYN	  	 	 	0	  	  	 	0.00	  
	 6
	  	 	OSH	  	 	 	0	  	  	 	0.00	  
	 7
	  	 	LLK	  	 	 	0	  	  	 	0.00	  
	 8
	  	 	PAS	  	 	 	0	  	  	 	0.00	  
	 9
	  	 	SHB	  	 	 	0	  	  	 	0.00	  
	 10
	  	 	CNS	  	 	 	0	  	  	 	0.00	  
	 11
	  	 	MJT	  	 	 	0	  	  	 	0.00	  
	 12
	  				 	 	0	  	  	 	0	  
	 13
	  				 	 	0	  	  	 	0	  
	 14
	  				 	 	0	  	  	 	0	  
	 15
	  				 	 	0	  	  	 	0	  
	 16
	  				 	 	0	  	  	 	0	  
	 17
	  				 	 	0	  	  	 	0	  
	 18
	  				 	 	0	  	  	 	0	  
	 19
	  				 	 	0	  	  	 	0	  
	 20
	  				 	 	0	  	  	 	0	  
		  				 	  
	  
	 	  	  
	  
	 
		  	 
 	TOTAL
 	  
(bpd) 	 	 	0	  	  			
		  				 	  
	  
	 	  	  
	  
	 

  
 Schedule II-2

 SCHEDULE III 
 [*] 

  
 Schedule III-1

 SCHEDULE IV 
 FORM OF PURCHASER SUPPLY CONFIRMATION 
 J.P. MORGAN COMMODITIES CANADA
CORPORATION 
  

									
	Date:	  	[    ]	  		  		  	
	To:	  	[    ]	  		  		  	
	Attention:	  	[    ]	  		  		  	
	Facsimile No:	  	[    ]	  		  		  	
	From:	  	J.P. MORGAN COMMODITIES CANADA CORPORATION	  	
	Re:	  	Purchaser Supply Transaction Confirmation No. [    ]	  	

 Purchaser Supply Transaction Confirmation 

Reference is made to (i) the Crude Oil Supply Agreement, dated
[            ] [        ], 201[        ], between J.P. Morgan Commodities Canada Corporation
(“JPM CCC”) and St. Paul Park Refining Co. LLC (“SPPR”) (as amended, restated, supplemented or otherwise modified from time to time, the “Supply Agreement”), and (ii) the Crude Oil/Condensate
Purchase/Sale Agreement General Terms and Conditions, dated
[            ] [            ], 201[        ], between JPM CCC and SPPR (the
“GTCs”). The GTCs are hereby incorporated by reference herein as if set forth fully herein, except as set forth in Section 17, below. 
 The purpose of this letter agreement is to confirm the terms and conditions of the Purchaser Supply Transaction entered into between us on the Transaction Date (defined below) (this
“Transaction”) under the Supply Agreement. This letter agreement is and shall be a Purchaser Supply Transaction Confirmation under the Supply Agreement, and cancels and supersedes any other prior oral or written correspondence
pertaining to the terms of this Transaction. This Purchaser Supply Transaction Confirmation supplements, forms a part of, and is subject to, the Supply Agreement and the GTCs. If at any time a conflict exists between the terms of the Supply
Agreement or the GTCs and the specific terms of this Purchaser Supply Transaction Confirmation, the specific terms of this Purchaser Supply Transaction Confirmation shall control. All provisions contained in the GTCs shall also govern this
Transaction and are hereby incorporated herein by reference as if set forth in full herein, except as amended, modified or supplemented below. 

Please advise us of any transaction number or other specific identifier you have assigned internally to this Transaction for record keeping or
identification purposes. 
  

	1.	TRANSACTION DATE:             [mm/dd/yyyy] 

  
 Schedule IV-1

			
		
	 2.      BUYER:
	 	 J.P. Morgan Commodities Canada Corporation
 Suite 600 Vintage Towers II 326-11th Avenue S.W.
 Calgary, AB T2R 0C5

Canada

		
	 3.      SELLER:
	 	 St. Paul Park Refining Co. LLC

Attn: [*] 
 301 Saint Paul Park
Road
 St. Paul Park, MN 55071

		
	 4.      PRODUCT:
	 	Oil
		
	 5.      TYPE OF OIL:
	 	[            ]
		
	 6.      DIFFERENTIAL:
	 	[            ]
		
	 7.      QUANTITY:
	 	[            ] Barrels
		
	 8.      QUALITY:
	 	[            ]
		
	 9.      DELIVERY POINT:
	 	[            ]

  

	10.	ANTICIPATED DELIVERY DAY(S), IF KNOWN:
                    [mm/dd/yyyy] 

  

	11.	PRICE: US $[            ], consisting of the following components: 

 

	 	(i)	US $[            ] per Barrel; 

 

	 	(ii)	[Supply Fee of US $[            ] per Barrel (as provided in the Supply Agreement); plus]

  

	 	(iii)	[Costs of US $ [            ] (as provided in the Supply Agreement).] 

 

			
	 12.    PRICE ROUNDING:
	 	 Final price calculation shall be rounded to [two (2)] [
 three (3)] decimal places

		
	 13.    SETTLEMENT CURRENCY:
	 	United States Dollars

  

	14.	PAYMENT TERMS: by JPM CCC to SPPR by a Purchaser Credit Right (as such term is defined in the Supply Agreement) arising under Section 3.1(b) of the Supply
Agreement as the sole and exclusive consideration for such Purchaser Supply Transaction 

  
 Schedule IV-2

	15.	REPRESENTATIONS AND WARRANTIES: Each Party hereby represents and warrants to the other Party on and as of the Transaction Date that: 

 

	 	(i)	Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into this Transaction and as to
whether this Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other Party as investment advice or
as a recommendation to enter into this Transaction; it being understood that information and explanations related to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this
Transaction. No communication (written or oral) received from the other Party shall be deemed to be an assurance or guarantee as to the expected performance or result of this Transaction. 

 

	 	(ii)	Assessment and Understanding. It has entered into this Transaction as principal; it is capable of assessing the merits of and understanding (on its own behalf
and/or through independent professional accounting, financial and legal advice obtained by such Party), and understands and accepts the terms, conditions, merits and risks of this Transaction. It is also capable of assuming, and assumes, all of the
risks of this Transaction. 

  

	 	(iii)	Status of Parties. The other Party is acting solely in the capacity of an arms’ length contractual counterparty in respect of this Transaction and is not
acting as a fiduciary or advisor or in any similar capacity for or on its behalf in respect of any aspect of this Transaction, and it understands and acknowledges that the other Party may, either in connection with entering into this Transaction or
from time to time thereafter, engage in market transactions that are intended to hedge or otherwise reduce the risks incurred by it in connection with this Transaction. 

 

	 	(iv)	Additional Representations and Warranties. Such Party’s representations and warranties under the Supply Agreement are true and correct.

 Notices: All notices given by a Party pursuant to or in respect of this Purchaser Supply Transaction Confirmation shall
be in writing and shall be deemed delivered when delivered to the other Party at the address specified below: 
 Address for all notices or
communications to JPM CCC: 
 J.P. Morgan Commodities Canada Corporation 

			
	 Attention:
	  	 [            ]
 Suite 600, Vintage Towers II
 326 - 11th Ave. S.W.

Calgary, Alberta Canada T2R 0C5

	 Phone:
	  	[*]
	 Facsimile:
	  	[*]Email:             [            ]

 With a copy of any notice in respect of any default, event of default or other similar event to: 

 

			
	 J.P. Morgan Commodities Canada Corporation

	 Attention:
	  	 [Energy Legal Department - Derivatives Practice Group]
 245 Park Avenue, 11th Floor
 New York, NY 10167

  
 Schedule IV-3

 Scheduling Contacts: 

 

							
	 CONTACT
	 	 PHONE
	 	 FAX
	 	 EMAIL

	 [            ]
	 	[            ]	 	[            ]	 	[            ]

 Operations Contacts: 
  

							
	 CONTACT
	 	 PHONE
	 	 FAX
	 	 EMAIL

	 [            ]
	 	[            ]	 	[            ]	 	[            ]

 Contracts Administrator Contracts: 

 

							
	 CONTACT
	  	 PHONE
	  	FAX	  	EMAIL
	 [            ]
	  	[            ]	  	[            ]	  	[            ]
	 [            ]
	  	[            ]	  	[            ]	  	[            ]

 Address for all notices or communications to SPPR: 

[            ] 

[            ] 

[            ] 

[            ] 

 

	16.	ADDITIONAL PROVISIONS: the Parties hereby agree that, for purposes of this Transaction, the GTCs shall be amended, modified and supplemented as follows:

  

	 	(i)	Neither Section 19 of the GTCs, nor any other performance assurance or credit-related provision of the GTCs, shall be applicable to this Transaction and neither
this Purchaser Supply Transaction Confirmation, nor any Specified Transaction (as defined in the Supply Agreement) that is not a Purchaser Supply Transaction within the meaning of the Supply Agreement shall be an Other Product Agreement (as defined
in the GTCs) for any purpose under the GTCs. 

  
 Schedule IV-4

	 	(ii)	For purposes of Section [20] of the GTCs, the occurrence and continuance of an Event of Default (as defined under the Supply Agreement) with respect to either Party
shall constitute an Event of Default under the GTCs with respect to such Party as the Defaulting Party thereunder. 

  

	 	(iii)	[Other Additional Provisions, as applicable] 

Please confirm that the foregoing correctly sets forth the terms and conditions of the Transaction evidenced hereby by executing and delivering an
executed counterpart to this Purchaser Supply Transaction Confirmation No. [            ] within three (3) Business Days from the date first above written to the attention of
[[*]]. Any failure on your part to deliver an executed counterpart to this Purchaser Supply Transaction Confirmation No. [            ] within the above referenced period shall not
affect the validity or enforceability of any of the terms or conditions of this Transaction, and shall be deemed to be an affirmation by you of the accuracy and correctness of the terms and conditions contained herein, absent manifest error.

  

													
	 J.P. Morgan Commodities
 Canada Corporation
	 		 	St. Paul Park Refining Co. LLC
					
	By:	 	      
	 		 	Name:	 	      

		 	Title:	 	Attorney-in-Fact	 		 		 	Title:	 	  

		 	Name:	 	  
	 		 		 	Date:	 	  

  
 Schedule IV-5

 SCHEDULE V 
 FORM OF TRANSACTION CONFIRMATION 
 J.P. MORGAN COMMODITIES CANADA
CORPORATION 
  

	Date:        	[            ] 

	To:        	[            ] 

	Attention:        	[            ] 

	Facsimile	No:         [            ] 

	From:	J.P. MORGAN COMMODITIES CANADA CORPORATION 

	Re:	Transaction Confirmation No.     [            ] 

Crude Oil Transaction Confirmation 
 Reference is made to (i) the Crude Oil Supply Agreement, dated December 1, 2010, between J.P. Morgan Commodities Canada Corporation (“JPM CCC”) and St. Paul Park Refining
Co. LLC (“SPPR”) (as amended, restated, supplemented or otherwise modified from time to time, the “Supply Agreement”), (ii) the Oil Supply Program provided by SPPR to JPM CCC for the Injection Month of [Insert
Month] of 20[            ], (iii) the Purchaser Instruction, dated
[            ] [            ], 201[            ], prepared
by SPPR and delivered to JPM CCC under the Supply Agreement, and (iv) the Transaction Advice, provided or delivered by JPM CCC to SPPR on
[            ] [            ], 201[            ], in
respect of this Transaction (defined below). 
 The purpose of this letter agreement is to confirm the terms and conditions of the Transaction
entered into between us on the Transaction Date specified below (this “Transaction”) under the Supply Agreement. This letter agreement is and shall be a Transaction Confirmation under the Supply Agreement, and cancels and supersedes
any other prior oral or written correspondence pertaining to the terms of this Transaction. This Transaction Confirmation supplements, forms a part of, and is subject to, the Supply Agreement. If at any time a conflict exists between the terms of
the Supply Agreement and the specific terms of this Transaction Confirmation, the specific terms of this Transaction Confirmation shall control. All provisions contained in the Supply Agreement shall govern this Transaction Confirmation except as
modified below. 
 Please advise us of any transaction number or other specific identifier you have assigned internally to this Transaction for
record keeping or identification purposes. 
  

			
	 17.    TRANSACTION DATE:
	 	[mm/dd/yyyy]
		
	 18.    BUYER:
	 	St. Paul Park Refining Co. LLC
		 	 301 Saint Paul Park Road
 St.
Paul Park, MN 55071

			
		
	 19.    SELLER:
	 	 J.P. Morgan Commodities Canada Corporation
 Suite 600 Vintage Towers II 326-11th Avenue S.W.
 Calgary, AB T2R 0C5

Canada

		
	 20.    INJECTION MONTH:
	 	[mm/dd/yyyy]
		
	 21.    PRODUCT:
	 	Oil
		
	 22.    TYPE OF OIL:
	 	[            ]
		
	 23.    DIFFERENTIAL:
	 	[            ]
		
	 24.    QUANTITY:
	 	[            ] Barrels
		
	 25.    QUALITY:
	 	[            ]
		
	 26.    DELIVERY POINT:
	 	as specified in the Supply Agreement
		
	 27.    ANTICIPATED DELIVERY DAY(S), IF KNOWN:
	 	[mm/dd/yyyy]
		
	 28.    PRICE:
	 	US $[            ], consisting of the following components:

  

	 	(i)	US $[            ] per Barrel [Insert prompt Month NYMEX WTI settlement price (Bloomberg symbol: “CL1
Comdty”) on the Pricing Day after the Delivery Day in US $/Barrel]; [plus] [minus] 

  

	 	(ii)	US $[            ] per Barrel [Insert applicable Monthly Weighted Average Differential for such Type of Oil
in US $/Barrel]; plus  

  

	 	(iii)	[Supply Fee of US $[            ] per Barrel (as provided in the Supply Agreement); plus];
plus 

  

	 	(iv)	[Costs of US $ [            ] (as provided in the Supply Agreement).] 

 

	29.	PRICE ROUNDING: Final price calculation shall be rounded to [two (2)] [three (3)] decimal places 

 

	30.	SETTLEMENT CURRENCY: United States Dollars 

  

	31.	PAYMENT TERMS: as specified in the Supply Agreement 

  

	32.	REPRESENTATIONS AND WARRANTIES: Each Party hereby represents and warrants to the other Party on and as of the Transaction Date that: 

	 	(i)	Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into this Transaction and as to
whether this Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other Party as investment advice or
as a recommendation to enter into this Transaction; it being understood that information and explanations related to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this
Transaction. No communication (written or oral) received from the other Party shall be deemed to be an assurance or guarantee as to the expected performance or result of this Transaction. 

 

	 	(ii)	Assessment and Understanding. It has entered into this Transaction as principal; it is capable of assessing the merits of and understanding (on its own behalf
and/or through independent professional accounting, financial and legal advice obtained by such Party), and understands and accepts the terms, conditions, merits and risks of this Transaction. It is also capable of assuming, and assumes, all of the
risks of this Transaction. 

  

	 	(iii)	Status of Parties. The other Party is acting solely in the capacity of an arms’ length contractual counterparty in respect of this Transaction and is not
acting as a fiduciary or advisor or in any similar capacity for or on its behalf in respect of any aspect of this Transaction, and it understands and acknowledges that the other Party may, either in connection with entering into this Transaction or
from time to time thereafter, engage in market transactions that are intended to hedge or otherwise reduce the risks incurred by it in connection with this Transaction. 

 

	 	(iv)	Additional Representations and Warranties. Such Party’s representations and warranties under the Supply Agreement are true and correct.

  

	33.	PAYMENT DETAILS AND NOTICES: Except as otherwise timely notified by any Party in a writing to the other Party, all payments in respect of this Transaction shall
be made as follows: 

 Pay To: J. P. Morgan Chase Bank, NY 

ABA: #021000021 
 Account: [*]F/F/C CIBC, Toronto, Ontario 
 Transit 09602
Bank 0010 
 Swift: CIBCCATT 

Account [*] 
 J. P. Morgan Commodities Canada Corporation 
 Notices: All notices given by a Party
pursuant to or in respect of this Transaction Confirmation shall be in writing and shall be deemed delivered when delivered to the other Party at the address specified below: 

  

 Address for all notices or communications to JPM CCC: 

J.P. Morgan Commodities Canada Corporation 
 Attention: [            ] 
 Suite 600, Vintage Towers II 
 326 - 11th Ave. S.W. 

Calgary, Alberta Canada T2R 0C5 
 Phone: [*] 
 Facsimile: [*] Email:
[            ] 
 With a copy of any notice in respect of any default, event of
default or other similar event to: 
 J.P. Morgan Commodities Canada Corporation 

Attention: [*] 
 245 Park Avenue, 11th Floor 
 New York, NY 10167 

Scheduling Contacts: 
  

							
	 CONTACT
	  	PHONE	 	FAX	 	EMAIL
	 [            ]
	  	[            ]	 	[            ]	 	[            ]

 Operations Contacts: 
  

													
	 CONTACT
	  	PHONE	 	 	FAX	 	 	EMAIL	 
	 [            ]
	  	 	[            	] 	 	 	[            	] 	 	 	[            	] 

 Contracts Administrator Contracts: 

 

							
	 CONTACT
	  	PHONE	 	FAX	 	EMAIL
	 [            ]
	  	[            ]	 	[            ]	 	[            ]
				
	 [            ]
	  	[            ]	 	[            ]	 	[            ]

 Address for all notices or communications to SPPR: 

[            ] 

[            ] 

[            ] 

 Please confirm that the foregoing correctly sets forth the terms and conditions of the Transaction evidenced
hereby by executing and delivering an executed counterpart to this Transaction Confirmation No. [            ] within three (3) Business Days from the date first above written to the
attention of [[*]]. Any failure on your part to deliver an executed counterpart to this Transaction Confirmation No. [            ] within the above referenced period shall not
affect the validity or enforceability of any of the terms or conditions of this Transaction, and shall be deemed to be an affirmation by you of the accuracy and correctness of the terms and conditions contained herein, absent manifest error.

  

													
	 J.P. Morgan Commodities
 Canada Corporation
	 		 	St. Paul Park Refining Co. LLC
					
	By:	 	      
	 		 	Name:	 	      

		 	Title:	 	Attorney-in-Fact	 		 		 	Title:	 	  

		 	Name:	 	  
	 		 		 	Date:	 	  

  
 Schedule V-1

 SCHEDULE VI 
 PRICING DAY BASIC RULES 
 [*] 

PROVISIONAL PRICING DAY AND PROVISIONAL PAYMENT DAY BASIC RULES 
 [*] 

  
 Schedule VI-1

 SCHEDULE VII 
 J.P. MORGAN CHASE & CO. GUARANTY AGREEMENT 

  
 Schedule VII-22012 Long Term Incentive Plan

 Exhibit 4.3 
 Midstates Petroleum Company, Inc. 
 2012 LONG TERM INCENTIVE PLAN

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 1.      Purpose
	  	 	1	  
		
	 2.      Definitions
	  	 	1	  
		
	 3.      Administration
	  	 	5	  
	 (a)    Authority of the Committee
	  	 	5	  
	 (b)    Manner of Exercise of Committee Authority
	  	 	6	  
	 (c)    Limitation of Liability
	  	 	7	  
		
	 4.      Stock Subject to Plan
	  	 	7	  
	 (a)    Overall Number of Shares Available for Delivery
	  	 	7	  
	 (b)    Application of Limitation to Grants of Awards
	  	 	7	  
	 (c)    Availability of Shares Not Issued under Awards
	  	 	7	  
	 (d)    Stock Offered
	  	 	8	  
		
	 5.      Eligibility; Per Person Award Limitations
	  	 	8	  
		
	 6.      Specific Terms of Awards
	  	 	8	  
	 (a)    General
	  	 	8	  
	 (b)    Options
	  	 	8	  
	 (c)    Stock Appreciation Rights
	  	 	9	  
	 (d)    Restricted Stock
	  	 	11	  
	 (e)    Restricted Stock Units
	  	 	11	  
	 (f)     Bonus Stock and Awards in Lieu of Obligations
	  	 	12	  
	 (g)    Dividend Equivalents
	  	 	12	  
	 (h)    Other Awards
	  	 	12	  
		
	 7.      Certain Provisions Applicable to Awards
	  	 	13	  
	 (a)    Termination of Employment
	  	 	13	  
	 (b)    Stand-Alone, Additional, Tandem, and Substitute Awards
	  	 	13	  
	 (c)    Term of Awards
	  	 	13	  
	 (d)    Form and Timing of Payment under Awards; Deferrals
	  	 	13	  
	 (e)    Exemptions from Section 16(b) Liability
	  	 	14	  
	 (f)     Non-Competition Agreement
	  	 	14	  
		
	 8.      Performance and Annual Incentive Awards
	  	 	14	  
	 (a)    Performance Conditions
	  	 	14	  
	 (b)    Performance Awards Granted to Designated Covered Employees
	  	 	14	  
	 (c)    Annual Incentive Awards Granted to Designated Covered Employees
	  	 	16	  
	 (d)    Written Determinations
	  	 	17	  
	 (e)    Status of Section 8(b) and Section 8(c) Awards under Section 162(m) of the Code
	  	 	17	  

  
 i 

					
	 9.      Subdivision or Consolidation; Recapitalization; Change in Control;
Reorganization
	  	 	18	  
	 (a)    Existence of Plans and Awards
	  	 	18	  
	 (b)    Subdivision or Consolidation of Shares
	  	 	18	  
	 (c)    Corporate Recapitalization
	  	 	19	  
	 (d)    Additional Issuances
	  	 	19	  
	 (e)    Change in Control
	  	 	19	  
	 (f)     Change in Control Price
	  	 	20	  
	 (g)    Impact of Corporate Events on Awards Generally
	  	 	20	  
		
	 10.    General Provisions
	  	 	21	  
	 (a)    Transferability
	  	 	21	  
	 (b)    Taxes
	  	 	22	  
	 (c)    Changes to this Plan and Awards
	  	 	22	  
	 (d)    Limitation on Rights Conferred under Plan
	  	 	23	  
	 (e)    Unfunded Status of Awards
	  	 	23	  
	 (f)     Nonexclusivity of this Plan
	  	 	23	  
	 (g)    Fractional Shares
	  	 	23	  
	 (h)    Severability
	  	 	23	  
	 (i)     Governing Law
	  	 	24	  
	 (j)     Conditions to Delivery of Stock
	  	 	24	  
	 (k)    Section 409A of the Code
	  	 	24	  
	 (l)     Nature of Payments
	  	 	24	  
	 (m)   Plan Effective Date and Term
	  	 	25	  

  
 ii 

 Midstates Petroleum Company, Inc. 

2012 Long Term Incentive Plan 
 1. Purpose. The purpose of the Midstates Petroleum Company, Inc. 2012 Long Term Incentive Plan (the “Plan”) is to provide a means through which Midstates Petroleum Company, Inc., a
Delaware corporation (the “Company”), and its Subsidiaries may attract and retain able persons as employees, directors and consultants of the Company, and its Subsidiaries, and to provide a means whereby those persons upon whom the
responsibilities of the successful administration and management of the Company, and its Subsidiaries, rest, and whose present and potential contributions to the welfare of the Company, and its Subsidiaries, are of importance, can acquire and
maintain stock ownership, or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the welfare of the Company, and its Subsidiaries, and their desire to remain employed. A further purpose of
this Plan is to provide such employees, directors and consultants with additional incentive and reward opportunities designed to enhance the profitable growth of the Company. Accordingly, this Plan primarily provides for the granting of Incentive
Stock Options, options which do not constitute Incentive Stock Options, Restricted Stock Awards, Restricted Stock Units, Stock Appreciation Rights, Dividend Equivalents, Bonus Stock, Other Stock-Based Awards, Annual Incentive Awards, Performance
Awards, or any combination of the foregoing, as is best suited to the circumstances of the particular individual as provided herein. 
 2. Definitions. For purposes of this Plan, the following terms shall be defined as set forth below, in addition to such terms defined in Section 1 hereof: 

(a) “Annual Incentive Award” means a conditional right granted to an Eligible Person under Section 8(c)
hereof to receive a cash payment, Stock or other Award, unless otherwise determined by the Committee, after the end of a specified year. 
 (b) “Award” means any Option, SAR (including Limited SAR), Restricted Stock Award, Restricted Stock Unit, Bonus Stock, Dividend Equivalent, Other Stock-Based Award, Performance Award or Annual
Incentive Award, together with any other right or interest granted to a Participant under this Plan. 
 (c)
“Beneficiary” means one or more persons, trusts or other entities which have been designated by a Participant, in his or her most recent written beneficiary designation filed with the Committee, to receive the benefits specified under this
Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the extent permitted under Section 10 hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated
Beneficiary, then the term Beneficiary means the persons, trusts or other entities entitled by will or the laws of descent and distribution to receive such benefits. 

(d) “Board” means the Company’s Board of Directors. 

  
 1 

 (e) “Bonus Stock” means Stock granted as a bonus pursuant to
Section 6(f). 
 (f) “Business Day” means any day other than a Saturday, a Sunday, or a day on
which banking institutions in the state of Texas are authorized or obligated by law or executive order to close. 

(g) “Change in Control” means, except as otherwise provided in an Award Agreement, the occurrence of any of the
following events: 
 (i) A “change in the ownership of the Company” which shall occur on the date that
any one person, or more than one person acting as a group, acquires ownership of stock in the Company that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock
of the Company; however, if any one person or more than one person acting as a group, is considered to own more than 50% of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the
same person or persons will not be considered a “change in the ownership of the Company” (or to cause a “change in the effective control of the Company” within the meaning of Section 2(g)(ii) below) and an increase of the
effective percentage of stock owned by any one person, or persons acting as a group, as a result of a transaction in which the Company acquires its stock in exchange for property will be treated as an acquisition of stock for purposes of this
paragraph; provided, further, however, that for purposes of this Section 2(g)(i), the following acquisitions shall not constitute a Change in Control: (A) any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any entity controlled by the Company, or (B) any acquisition by investors (immediately prior to such acquisition) in the Company for financing purposes, as determined by the Committee in its sole discretion. This
Section 2(g)(i) applies only when there is a transfer of the stock of the Company (or issuance of stock) and stock in the Company remains outstanding after the transaction. 

(ii) A “change in the effective control of the Company” which shall occur on the date that either (A) any
one person, or more than one person acting as a group, acquires (or has acquired during the twelve month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 35% or more of
the total voting power of the stock of the Company, except for (1) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company, or (2) any acquisition by
investors (immediately prior to such acquisition) in the Company for financing purposes, as determined by the Committee in its sole discretion; or (B) a majority of the members of the Board are replaced during any twelve-month period by
directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of a “change in the effective control of the Company,” if any one person, or
more than one person acting as a group, is considered to effectively control the Company within the meaning of this Section 2(g)(ii), the acquisition of additional control of the Company by the same person or persons is not considered a
“change in the effective control of the Company,” or to cause a “change in the ownership of the Company” within the meaning of Section 2(g)(i) above. 

  
 2 

 (iii) A “change in the ownership of a substantial portion of the
Company’s assets” which shall occur on the date that any one person, or more than one person acting as a group, acquires (or has acquired during the twelve month period ending on the date of the most recent acquisition by such person or
persons) assets of the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all the assets of the Company immediately prior to such acquisition or acquisitions. For this purpose, gross
fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. Any transfer of assets to an entity that is controlled by the
shareholders of the Company immediately after the transfer, as provided in guidance issued pursuant to the Nonqualified Deferred Compensation Rules, shall not constitute a Change in Control. 

For purposes of this Section 2(g), the provisions of section 318(a) of the Code regarding the constructive ownership of stock will
apply to determine stock ownership; provided, that, stock underlying unvested options (including options exercisable for stock that is not substantially vested) will not be treated as owned by the individual who holds the option. In addition, for
purposes of this Section 2(g) and except as otherwise provided in an Award agreement, “Company” includes (x) the Company, (y) the entity for whom a Participant performs the services for which an Award is granted, and
(z) an entity that is a stockholder owning more than 50% of the total fair market value and total voting power (a “Majority Shareholder”) of the Company or the entity identified in (y) above, or any entity in a chain of entities
in which each entity is a Majority Shareholder of another entity in the chain, ending in the Company or the entity identified in (y) above. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended from time to time, including regulations thereunder and successor provisions and regulations thereto. 

(i) “Committee” means a committee of two or more directors designated by the Board to administer this Plan;
provided, however, that, unless otherwise determined by the Board, the Committee shall consist solely of two or more directors, each of whom shall be a Qualified Member (except to the extent administration of this Plan by “outside
directors” is not then required in order to qualify for tax deductibility under section 162(m) of the Code. 

(j) “Covered Employee” means an Eligible Person who is a Covered Employee as specified in Section 8(e) of
this Plan. 
 (k) “Dividend Equivalent” means a right, granted to an Eligible Person under
Section 6(g), to receive cash, Stock, other Awards or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. 

(l) “Effective Date” means April 20, 2012. 

(m) “Eligible Person” means all officers and employees of the Company or of any of its Subsidiaries, and other
persons who provide services to the Company or any of its Subsidiaries, including directors of the Company. An employee on leave of absence may be considered as still in the employ of the Company or any of its Subsidiaries for purposes of
eligibility for participation in this Plan. 
 (n) “Exchange Act” means the Securities Exchange Act of
1934, as amended from time to time, including rules thereunder and successor provisions and rules thereto. 

  
 3 

 (o) “Fair Market Value” means, as of any specified date,
(i) if the Stock is listed on a national securities exchange, the closing sales price of the Stock, as reported on the stock exchange composite tape on that date (or if no sales occur on that date, on the last preceding date on which such sales
of the Stock are so reported); (ii) if the Stock is not traded on a national securities exchange but is traded over the counter at the time a determination of its fair market value is required to be made under the Plan, the average between the
reported high and low bid and asked prices of Stock on the most recent date on which Stock was publicly traded; (iii) in the event Stock is not publicly traded at the time a determination of its value is required to be made under the Plan, the
amount determined by the Committee in its discretion in such manner as it deems appropriate, taking into account all factors the Committee deems appropriate including, without limitation, the Nonqualified Deferred Compensation Rules; or (iv) on
the date of a Qualifying Public Offering of Stock, the offering price under such Qualifying Public Offering. 

(p) “Incentive Stock Option” or “ISO” means any Option intended to be and designated as an incentive
stock option within the meaning of section 422 of the Code or any successor provision thereto. 
 (q)
“Incumbent Board” means the portion of the Board constituted of the individuals who are members of the Board as of the Effective Date and any other individual who becomes a director of the Company after the Effective Date and whose
election or appointment by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then comprising the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Incumbent Board. 
 (r) “Nonqualified Deferred Compensation Rules” means the
limitations or requirements of section 409A of the Code and the guidance and regulations promulgated thereunder. 

(s) “Option” means a right, granted to an Eligible Person under Section 6(b) hereof, to purchase Stock or
other Awards at a specified price during specified time periods. 
 (t) “Other Stock-Based Awards”
means Awards granted to an Eligible Person under Section 6(i) hereof. 
 (u) “Participant” means a
person who has been granted an Award under this Plan which remains outstanding, including a person who is no longer an Eligible Person. 
 (v) “Performance Award” means a right, granted to an Eligible Person under Section 8 hereof, to receive Awards based upon performance criteria specified by the Committee. 

  
 4 

 (w) “Person” means any person or entity of any nature whatsoever,
specifically including an individual, a firm, a company, a corporation, a partnership, a limited liability company, a trust or other entity; a Person, together with that Person’s Affiliates and Associates (as those terms are defined in Rule
12b-2 under the Exchange Act, provided that “registrant” as used in Rule 12b-2 shall mean the Company), and any Persons acting as a partnership, limited partnership, joint venture, association, syndicate or other group (whether or not
formally organized), or otherwise acting jointly or in concert or in a coordinated or consciously parallel manner (whether or not pursuant to any express agreement), for the purpose of acquiring, holding, voting or disposing of securities of the
Company with such Person, shall be deemed a single “Person.” 
 (x) “Qualifying Public
Offering” means a firm commitment underwritten public offering of Stock for cash where the shares of Stock registered under the Securities Act are listed on a national securities exchange. 

(y) “Qualified Member” means a member of the Committee who is a “nonemployee director” within the
meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Treasury Regulation 1.162-27 under section 162(m) of the Code. 
 (z) “Restricted Stock” means Stock granted to an Eligible Person under Section 6(d) hereof, that is subject to certain restrictions and to a risk of forfeiture. 

(aa) “Restricted Stock Unit” means a right, granted to an Eligible Person under Section 6(e) hereof, to
receive Stock, cash or a combination thereof at the end of a specified deferral period. 
 (bb) “Rule
16b-3” means Rule 16b-3, promulgated by the Securities and Exchange Commission under section 16 of the Exchange Act, as from time to time in effect and applicable to this Plan and Participants. 

(cc) “Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, or
any successor law, as it may be amended from time to time. 
 (dd) “Stock” means the Company’s
Common Stock, par value $0.01 per share, and such other securities as may be substituted (or resubstituted) for Stock pursuant to Section 9. 
 (ee) “Stock Appreciation Rights” or “SAR” means a right granted to an Eligible Person under Section 6(c) hereof. 

(ff) “Subsidiary” means with respect to the Company, any corporation or other entity of which a majority of the
voting power of the voting equity securities or equity interest is owned, directly or indirectly, by the Company. 
 3.
Administration. 
 (a) Authority of the Committee. This Plan shall be administered by the Committee
except to the extent the Board elects to administer this Plan, in which case references herein to the “Committee” shall be deemed to include references to the “Board.” Subject to the express provisions of the Plan and Rule 16b-3,
the Committee shall have the authority, in its sole and absolute discretion, to (i) adopt, amend, and rescind administrative and interpretive rules and 

  
 5 

 
regulations relating to the Plan; (ii) determine the Eligible Persons to whom, and the time or times at which, Awards shall be granted; (iii) determine the amount of cash and/or the
number of shares of Stock, as applicable, subject to Options, Stock Appreciation Rights, Restricted Stock Units, Restricted Stock Awards, Dividend Equivalents, Bonus Stock, Other Stock-Based Awards, Annual Incentive Awards, Performance Awards, any
other type of Award or any combination thereof, that shall be the subject of each Award; (iv) determine the terms and provisions of each Award agreement (which need not be identical), including provisions defining or otherwise relating to
(A) the term and the period or periods and extent of exercisability of the Options, (B) the extent to which the transferability of shares of Stock issued or transferred pursuant to any Award is restricted, (C) except as otherwise
provided herein, the effect of termination of employment, or the service relationship with the Company, of a Participant on the Award, and (D) the effect of approved leaves of absence (consistent with any applicable regulations of the Internal
Revenue Service); (v) accelerate the time of exercisability of any Award that has been granted; (vi) construe the respective Award agreements and the Plan; (vii) make determinations of the Fair Market Value of the Stock pursuant to
the Plan; (viii) delegate its duties under the Plan to such agents as it may appoint from time to time, provided that the Committee may not delegate its duties where such delegation would violate state corporate law, or with respect to making
Awards to, or otherwise with respect to Awards granted to, Eligible Persons who are subject to section 16(b) of the Exchange Act or who are Covered Employees receiving Awards that are intended to constitute “performance-based compensation”
within the meaning of section 162(m) of the Code; (ix) subject to Section 10(c), terminate, modify or amend the Plan; (x) subject to Section 10(c) and 10(l), modify or amend each Award, including the discretionary authority to
extend the post-termination exercisability period of Options or SARs; and (xi) make all other determinations, perform all other acts, and exercise all other powers and authority necessary or advisable for administering the Plan, including the
delegation of those ministerial acts and responsibilities as the Committee deems appropriate. Subject to Rule 16b-3 and section 162(m) of the Code, the Committee may correct any defect, supply any omission, or reconcile any inconsistency in the
Plan, in any Award, or in any Award agreement in the manner and to the extent it deems necessary or desirable to carry the Plan into effect, and the Committee shall be the sole and final judge of that necessity or desirability. The determinations of
the Committee on the matters referred to in this Section 3(a) shall be final and conclusive. 
 (b)
Manner of Exercise of Committee Authority. At any time that a member of the Committee is not a Qualified Member, any action of the Committee relating to an Award granted or to be granted to an Eligible Person who is then subject to section 16
of the Exchange Act in respect of the Company, or relating to an Award intended by the Committee to qualify as “performance-based compensation” within the meaning of section 162(m) of the Code and regulations thereunder, may be taken
either (i) by a subcommittee, designated by the Committee, composed solely of two or more Qualified Members, or (ii) by the Committee but with each such member who is not a Qualified Member abstaining or recusing himself or herself from
such action; provided, however, that, upon such abstention or recusal, the Committee remains composed solely of two or more Qualified Members. Such action, authorized by such a subcommittee or by the Committee upon the abstention or
recusal of such non-Qualified Member(s), shall be the action of the Committee for purposes of this Plan. Any action of the Committee shall be final, conclusive and binding on all Persons, including the Company, its Subsidiaries, stockholders,
Participants, Beneficiaries, and transferees under Section 10 hereof or 

  
 6 

 
other persons claiming rights from or through a Participant. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as
limiting any power or authority of the Committee. The Committee may delegate to officers or managers of the Company or any of its Subsidiaries, or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform
such functions, including administrative functions, as the Committee may determine, to the extent that such delegation will not result in the loss of an exemption under Rule 16b-3(d)(1) for Awards granted to Participants subject to section 16 of the
Exchange Act in respect of the Company and will not cause Awards intended to qualify as “performance-based compensation” under section 162(m) of the Code to fail to so qualify. The Committee may appoint agents to assist it in administering
the Plan. 
 (c) Limitation of Liability. The Committee and each member thereof shall be entitled to, in
good faith, rely or act upon any report or other information furnished to him or her by any officer or employee of the Company or any of its Subsidiaries, the Company’s legal counsel, independent auditors, consultants or any other agents
assisting in the administration of this Plan. Members of the Committee and any officer or employee of the Company or any of its Subsidiaries acting at the direction or on behalf of the Committee shall not be personally liable for any action or
determination taken or made in good faith with respect to this Plan, and shall, to the fullest extent permitted by law, be indemnified and held harmless by the Company with respect to any such action or determination. 

4. Stock Subject to Plan. 
 (a) Overall Number of Shares Available for Delivery. Subject to adjustment in a manner consistent with any adjustment made pursuant to Section 9, the total number of shares of Stock reserved
and available for issuance in connection with Awards under this Plan shall not exceed 6,563,435 shares, and such total will be available for the issuance of Incentive Stock Options. 

(b) Application of Limitation to Grants of Awards. Subject to Section 4(e), no Award may be granted if the
number of shares of Stock to be delivered in connection with such Award exceeds the number of shares of Stock remaining available under this Plan minus the number of shares of Stock issuable in settlement of or relating to then-outstanding Awards.
The Committee may adopt reasonable counting procedures to ensure appropriate counting, avoid double counting (as, for example, in the case of tandem or substitute awards) and make adjustments if the number of shares of Stock actually delivered
differs from the number of shares previously counted in connection with an Award. 
 (c) Availability of
Shares Not Issued under Awards. Shares of Stock subject to an Award under this Plan that expire or are canceled, forfeited, exchanged, settled in cash or otherwise terminated, including (i) shares forfeited with respect to Restricted Stock,
(ii) the number of shares withheld in payment of any exercise or purchase price of an Award or taxes relating to Awards, and (iii) the number of shares surrendered in payment of any exercise or purchase price of an Award or taxes relating
to any Award, will again be available for Awards under this Plan, except that if any such shares could not again be available for Awards to a particular Participant under any applicable law or regulation, such shares shall be available exclusively
for Awards to Participants who are not subject to such limitation. 

  
 7 

 (d) Stock Offered. The shares to be delivered under the Plan shall be
made available from (i) authorized but unissued shares of Stock, (ii) Stock held in the treasury of the Company, or (iii) previously issued shares of Stock reacquired by the Company, including shares purchased on the open market.

 5. Eligibility; Per Person Award Limitations. Awards may be granted under this Plan only to Persons who are Eligible
Persons at the time of grant thereof or in connection with the severance or retirement of Eligible Persons. In each calendar year, during any part of which this Plan is in effect, a Covered Employee may not be granted (a) Awards (other than
Awards designated to be paid only in cash or the settlement of which is not based on a number of shares of Stock) relating to more than 2,000,000 shares of Stock, subject to adjustment in a manner consistent with any adjustment made pursuant to
Section 9 and (b) Awards designated to be paid only in cash, or the settlement of which is not based on a number of shares of Stock, having a value determined on the date of grant in excess of $30,000,000. 

6. Specific Terms of Awards. 
 (a) General. Awards may be granted on the terms and conditions set forth in this Section 6. In addition, the Committee may impose on any Award or the exercise thereof, at the date of grant or
thereafter (subject to Section 10(c)), such additional terms and conditions, not inconsistent with the provisions of this Plan, as the Committee shall determine, including terms requiring forfeiture of Awards in the event of termination of
employment by the Participant, or termination of the Participant’s service relationship with the Company, and terms permitting a Participant to make elections relating to his or her Award. The Committee shall retain full power and discretion to
accelerate, waive or modify, at any time, any term or condition of an Award that is not mandatory under this Plan; provided, however, that the Committee shall not have any discretion to accelerate, waive or modify any term or condition
of an Award that is intended to qualify as “performance-based compensation” for purposes of section 162(m) of the Code if such discretion would cause the Award to not so qualify or to accelerate the terms of payment of any Award that
provides for a deferral of compensation under the Nonqualified Deferred Compensation Rules if such acceleration would subject a Participant to additional taxes under the Nonqualified Deferred Compensation Rules. 

(b) Options. The Committee is authorized to grant Options to Eligible Persons on the following terms and
conditions: 
 (i) Exercise Price. Each Option agreement shall state the exercise price per share of Stock
(the “Exercise Price”); provided, however, that the Exercise Price per share of Stock subject to an Option shall not be less than the greater of (1) the par value per share of the Stock and (2) 100% of the Fair
Market Value per share of the Stock as of the date of grant of the Option (or in the case of an ISO granted to an individual who owns stock possessing more than 10 percent of the total combined voting power of all classes of stock of the Company or
its parent or any subsidiary, 110% of the Fair Market Value per share of the Stock on the date of grant). 

  
 8 

 (ii) Time and Method of Exercise. The Committee shall determine the
time or times at which or the circumstances under which an Option may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements), the methods by which such Exercise Price may be paid or
deemed to be paid, the form of such payment, including without limitation cash, Stock, other Awards or awards granted under other plans of the Company or any Subsidiary, or other property (including notes or other contractual obligations of
Participants to make payment on a deferred basis), and the methods by or forms in which Stock will be delivered or deemed to be delivered to Participants, including, but not limited to, the delivery of Restricted Stock subject to Section 6(d).
In the case of an exercise whereby the Exercise Price is paid with Stock, such Stock shall be valued as of the date of exercise. 
 (iii) ISOs. The terms of any ISO granted under this Plan shall comply in all respects with the provisions of section 422 of the Code. Except as otherwise provided in Section 9, no term of this
Plan relating to ISOs (including any SAR in tandem therewith) shall be interpreted, amended or altered, nor shall any discretion or authority granted under this Plan be exercised, so as to disqualify either this Plan or any ISO under section 422 of
the Code, unless the Participant has first requested the change that will result in such disqualification. ISOs shall not be granted more than ten years after the earlier of the adoption of this Plan or the approval of this Plan by the
Company’s stockholders. Notwithstanding the foregoing, the Fair Market Value of shares of Stock subject to an ISO and the aggregate Fair Market Value of shares of stock of any parent or subsidiary corporation (within the meaning of sections
424(e) and (f) of the Code) subject to any other ISO (within the meaning of section 422 of the Code)) of the Company or a parent or subsidiary corporation (within the meaning of sections 424(e) and (f) of the Code) that first becomes
purchasable by a Participant in any calendar year may not (with respect to that Participant) exceed $100,000, or such other amount as may be prescribed under section 422 of the Code or applicable regulations or rulings from time to time. As used in
the previous sentence, Fair Market Value shall be determined as of the date the ISOs are granted. Failure to comply with this provision shall not impair the enforceability or exercisability of any Option, but shall cause the excess amount of shares
to be reclassified in accordance with the Code. 
 (c) Stock Appreciation Rights. The Committee is
authorized to grant SARs to Eligible Persons on the following terms and conditions: 
 (i) Right to
Payment. An SAR shall confer on the Participant to whom it is granted a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise over (B) the grant price of the SAR
as determined by the Committee. 
 (ii) Rights Related to Options. An SAR granted pursuant to an Option
shall entitle a Participant, upon exercise, to surrender that Option or any portion thereof, to the extent unexercised, and to receive payment of an amount computed pursuant to Section 6(c)(ii)(B). That Option shall then cease to be exercisable
to the extent surrendered. SARs granted in connection with an Option shall be subject to the terms of the Award agreement governing the Option, which shall comply with the following provisions in addition to those applicable to Options: 

(A) An SAR granted in connection with an Option shall be exercisable only at such time or times and only to the extent
that the related Option is exercisable and shall not be transferable except to the extent that the related Option is transferable. 

  
 9 

 (B) Upon the exercise of an SAR related to an Option, a Participant shall
be entitled to receive payment from the Company of an amount determined by multiplying: 
 (1) the difference
obtained by subtracting the Exercise Price with respect to a share of Stock specified in the related Option from the Fair Market Value of a share of Stock on the date of exercise of the SAR, by 

(2) the number of shares as to which that SAR has been exercised. 

(iii) Right Without Option. An SAR granted independent of an Option shall be exercisable as determined by the
Committee and set forth in the Award agreement governing the SAR, which Award agreement shall comply with the following provisions: 
 (A) Each Award agreement shall state the total number of shares of Stock to which the SAR relates. 
 (B) Each Award agreement shall state the time or periods in which the right to exercise the SAR or a portion thereof shall vest and the number of shares of Stock for which the right to exercise the SAR
shall vest at each such time or period. 
 (C) Each Award agreement shall state the date at which the SARs shall
expire if not previously exercised. 
 (D) Each SAR shall entitle a Participant, upon exercise thereof, to
receive payment of an amount determined by multiplying: 
 (1) the difference obtained by subtracting the Fair
Market Value of a share of Stock on the date of grant of the SAR from the Fair Market Value of a share of Stock on the date of exercise of that SAR, by 
 (2) the number of shares as to which the SAR has been exercised. 

(iv) Terms. Except as otherwise provided herein, the Committee shall determine at the date of grant or thereafter,
the time or times at which and the circumstances under which an SAR may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements), the method of exercise, method of settlement, form of
consideration payable in settlement, method by or forms in which Stock will be delivered or deemed to be delivered to Participants, whether or not an SAR shall be in tandem or in combination with any other Award, and any other terms and conditions
of any SAR. SARs may be either freestanding or in tandem with other Awards. 

  
 10 

 (d) Restricted Stock. The Committee is authorized to grant Restricted
Stock to Eligible Persons on the following terms and conditions: 
 (i) Grant and Restrictions. Restricted
Stock shall be subject to such restrictions on transferability, risk of forfeiture and other restrictions, if any, as the Committee may impose, which restrictions may lapse separately or in combination at such times, under such circumstances
(including based on achievement of performance goals and/or future service requirements), in such installments or otherwise, as the Committee may determine at the date of grant or thereafter. During the restricted period applicable to the Restricted
Stock, the Restricted Stock may not be sold, transferred, pledged, hypothecated, margined or otherwise encumbered by the Participant. 
 (ii) Certificates for Stock. Restricted Stock granted under this Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered
in the name of the Participant, the Committee may require that such certificates bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock, that the Company retain physical possession of the
certificates, and that the Participant deliver a stock power to the Company, endorsed in blank, relating to the Restricted Stock. 
 (iii) Dividends and Splits. As a condition to the grant of an Award of Restricted Stock, the Committee may require or permit a Participant to elect that any cash dividends paid on a share of
Restricted Stock be automatically reinvested in additional shares of Restricted Stock, applied to the purchase of additional Awards under this Plan or deferred without interest to the date of vesting of the associated Award of Restricted Stock;
provided, that, to the extent applicable, any such election shall comply with the Nonqualified Deferred Compensation Rules. Unless otherwise determined by the Committee, Stock distributed in connection with a Stock split or Stock dividend, and other
property (other than cash) distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such Stock or other property has been distributed. 

(e) Restricted Stock Units. The Committee is authorized to grant Restricted Stock Units, which are rights to
receive Stock or cash (or a combination thereof) at the end of a specified deferral period (which may or may not be coterminous with the vesting schedule of the Award), to Eligible Persons, subject to the following terms and conditions: 

(i) Award and Restrictions. Settlement of an Award of Restricted Stock Units shall occur upon expiration of the
deferral period specified for such Restricted Stock Unit by the Committee (or, if permitted by the Committee, as elected by the Participant). In addition, Restricted Stock Units shall be subject to such restrictions (which may include a risk of
forfeiture) as the Committee may impose, if any, which restrictions may lapse at the expiration of the deferral period or at earlier specified times (including based on achievement of performance goals and/or future service requirements), separately
or in combination, in installments or otherwise, as the Committee may determine. Restricted Stock Units shall be satisfied by the delivery of cash or Stock in the amount equal to the Fair Market Value of the specified number of shares of Stock
covered by the Restricted Stock Units, or a combination thereof, as determined by the Committee at the date of grant or thereafter. 

  
 11 

 (ii) Dividend Equivalents. Unless otherwise determined by the
Committee at date of grant, Dividend Equivalents on the specified number of shares of Stock covered by an Award of Restricted Stock Units shall be either (A) paid with respect to such Restricted Stock Units on the dividend payment date in cash
or in shares of unrestricted Stock having a Fair Market Value equal to the amount of such dividends, or (B) deferred with respect to such Restricted Stock Units and the amount or value thereof automatically deemed reinvested in additional
Restricted Stock Units. 
 (f) Bonus Stock and Awards in Lieu of Obligations. The Committee is authorized
to grant Stock as a bonus, or to grant Stock or other Awards in lieu of obligations to pay cash or deliver other property under this Plan or under other plans or compensatory arrangements, provided that, in the case of Participants subject to
section 16 of the Exchange Act, the amount of such grants remains within the discretion of the Committee to the extent necessary to ensure that acquisitions of Stock or other Awards are exempt from liability under section 16(b) of the Exchange Act.
Stock or Awards granted hereunder shall be subject to such other terms as shall be determined by the Committee. In the case of any grant of Stock to an officer of the Company or any of its Subsidiaries in lieu of salary or other cash compensation,
the number of shares granted in place of such compensation shall be reasonable, as determined by the Committee. 

(g) Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to a Participant, entitling the
Participant to receive cash, Stock, other Awards, or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or
in connection with another Award. The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles, and subject to such
restrictions on transferability and risks of forfeiture, as the Committee may specify. 
 (h) Other
Awards. The Committee is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to,
Stock, as deemed by the Committee to be consistent with the purposes of this Plan, including without limitation convertible or exchangeable debt securities, other rights convertible or exchangeable into Stock, purchase rights for Stock, Awards with
value and payment contingent upon performance of the Company or any other factors designated by the Committee, and Awards valued by reference to the book value of Stock or the value of securities of or the performance of specified Subsidiaries of
the Company. The Committee shall determine the terms and conditions of such other Stock-Based Awards. Stock delivered pursuant to an Award in the nature of a purchase right granted under this Section 6(h) shall be purchased for such
consideration, paid for at such times, by such methods, and in such forms, including, without limitation, cash, Stock, other Awards, or other property, as the Committee shall determine. Cash awards, as an element of or supplement to any other Award
under this Plan, may also be granted pursuant to this Section 6(h). 

  
 12 

 7. Certain Provisions Applicable to Awards. 

(a) Termination of Employment. Except as provided herein, the treatment of an Award upon a termination of
employment or any other service relationship by and between a Participant and the Company or any Subsidiary shall be specified in the agreement controlling such Award. 

(b) Stand-Alone, Additional, Tandem, and Substitute Awards. Awards granted under this Plan may, in the discretion
of the Committee, be granted either alone or in addition to, in tandem with, or in substitution or exchange for, any other Award or any award granted under another plan of the Company, or any of its Subsidiaries, or of any business entity to be
acquired by the Company or any of its Subsidiaries, or any other right of an Eligible Person to receive payment from the Company or any of its Subsidiaries. Such additional, tandem and substitute or exchange Awards may be granted at any time. If an
Award is granted in substitution or exchange for another Award, the Committee shall require the surrender of such other Award in consideration for the grant of the new Award. Awards under this Plan may be granted in lieu of cash compensation,
including in lieu of cash amounts payable under other plans of the Company or any of its Subsidiaries, in which the value of Stock subject to the Award is equivalent in value to the cash compensation, or in which the exercise price, grant price or
purchase price of the Award in the nature of a right that may be exercised is equal to the Fair Market Value of the underlying Stock minus the value of the cash compensation surrendered. Awards granted pursuant to the preceding sentence shall be
designed, awarded and settled in a manner that does not result in additional taxes under the Nonqualified Deferred Compensation Rules. 
 (c) Term of Awards. Except as specified herein, the term of each Award shall be for such period as may be determined by the Committee; provided, that in no event shall the term of any Option or SAR
exceed a period of ten years (or such shorter term as may be required in respect of an ISO under section 422 of the Code). 
 (d) Form and Timing of Payment under Awards; Deferrals. Subject to the terms of this Plan and any applicable Award agreement, payments to be made by the Company or any of its Subsidiaries upon the
exercise of an Option or other Award or settlement of an Award may be made in such forms as the Committee shall determine, including without limitation cash, Stock, other Awards or other property, and may be made in a single payment or transfer, in
installments, or on a deferred basis; provided, however, that any such deferred payment will be set forth in the agreement evidencing such Award and/or otherwise made in a manner that will not result in additional taxes under Nonqualified Deferred
Compensation Rules. Except as otherwise provided herein, the settlement of any Award may be accelerated, and cash paid in lieu of Stock in connection with such settlement, in the discretion of the Committee or upon occurrence of one or more
specified events (in addition to a Change in Control). Installment or deferred payments may be required by the Committee (subject to Section 10(c) of this Plan, including the consent provisions thereof in the case of any deferral of an
outstanding Award not provided for in the original Award agreement) or permitted at the election of the Participant on terms and conditions established by the Committee and in compliance with the Nonqualified Deferred Compensation Rules. Payments
may include, without limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents or other amounts in respect of installment or deferred payments
denominated in Stock. Any deferral shall only be allowed as is 

  
 13 

 
provided in a separate deferred compensation plan adopted by the Company and shall be made pursuant to the Nonqualified Deferred Compensation Rules. This Plan shall not constitute an
“employee benefit plan” for purposes of section 3(3) of the Employee Retirement Income Security Act of 1974, as amended. 
 (e) Exemptions from Section 16(b) Liability. It is the intent of the Company that the grant of any Awards to or other transaction by a Participant who is subject to section 16 of the Exchange
Act shall be exempt from such section pursuant to an applicable exemption (except for transactions acknowledged in writing to be non-exempt by such Participant). Accordingly, if any provision of this Plan or any Award agreement does not comply with
the requirements of Rule 16b-3 as then applicable to any such transaction, such provision shall be construed or deemed amended to the extent necessary to conform to the applicable requirements of Rule 16b-3 so that such Participant shall avoid
liability under section 16(b) of the Exchange Act. 
 (f) Non-Competition Agreement. Each Participant to
whom an Award is granted under this Plan may be required to agree in writing as a condition to the granting of such Award not to engage in conduct in competition with the Company or any of its Subsidiaries for a period after the termination of such
Participant’s employment with the Company and its Subsidiaries as determined by the Committee. 
 8. Performance and
Annual Incentive Awards. 
 (a) Performance Conditions. The right of an Eligible Person to receive a
grant, and the right of a Participant to exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. The Committee may use such business criteria
and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase the amounts payable under any Award subject to performance conditions, except as limited
under Sections 8(b) and 8(c) hereof in the case of a Performance Award or Annual Incentive Award intended to qualify under section 162(m) of the Code. 
 (b) Performance Awards Granted to Designated Covered Employees. If the Committee determines that a Performance Award to be granted to an Eligible Person who is designated by the Committee as likely
to be a Covered Employee should qualify as “performance-based compensation” for purposes of section 162(m) of the Code, the grant, exercise and/or settlement of such Performance Award may be contingent upon achievement of preestablished
performance goals and other terms set forth in this Section 8(b). 
 (i) Performance Goals Generally.
The performance goals for such Performance Awards shall consist of one or more business criteria or individual performance criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee
consistent with this Section 8(b). Performance goals shall be objective and shall otherwise meet the requirements of section 162(m) of the Code and regulations thereunder (including Treasury Regulation §1.162-27 and successor regulations
thereto), including the requirement that the level or levels of performance targeted by the Committee result in the achievement of performance goals being “substantially uncertain” at the

  
 14 

 
time the Committee actually establishes the performance goal or goals. The Committee may determine that such Performance Awards shall be granted, exercised, and/or settled upon achievement of any
one performance goal or that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one Participant or
to different Participants. 
 (ii) Business and Individual Performance Criteria 

(A) Business Criteria. One or more of the following business criteria for the Company, on a consolidated basis,
and/or for specified Subsidiaries or business or geographical units of the Company (except with respect to the total stockholder return and earnings per share criteria), shall be used by the Committee in establishing performance goals for such
Performance Awards: (1) earnings per share; (2) increase in revenues; (3) increase in cash flow; (4) increase in cash flow from operations; (5) increase in cash flow return; (6) return on net assets; (7) return on
assets; (8) return on investment; (9) return on capital; (10) return on equity; (11) economic value added; (12) operating margin; (13) contribution margin; (14) net income; (15) net income per share;
(16) pretax earnings; (17) pretax earnings before interest, depreciation and amortization; (18) pretax operating earnings after interest expense and before incentives, service fees, and extraordinary or special items; (19) total
stockholder return; (20) debt reduction; (21) market share; (22) change in the Fair Market Value of the Stock; (23) operating income; (24) any of the above goals determined on an absolute or relative basis or as compared to
the performance of a published or special index deemed applicable by the Committee including, but not limited to, the Standard & Poor’s 500 Stock Index or a group of comparable companies; and (25) barrels of oil produced per day.
One or more of the foregoing business criteria shall also be exclusively used in establishing performance goals for Annual Incentive Awards granted to a Covered Employee under Section 8(c) hereof that are intended to qualify as
“performance-based compensation” under section 162(m) of the Code. 
 (B) Individual
Performance Criteria. The grant, exercise and/or settlement of Performance Awards may also be contingent upon individual performance goals established by the Committee. If required for compliance with section 162(m) of the Code, such criteria
shall be approved by the stockholders of the Company. 
 (iii) Performance Period; Timing for Establishing
Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a performance period of up to ten years, as specified by the Committee. Performance goals shall be established not later than 90
days after the beginning of any performance period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based compensation” under section 162(m) of the Code. 

(iv) Performance Award Pool. The Committee may establish a Performance Award pool, which shall be an unfunded pool,
for purposes of measuring performance of the Company in connection with Performance Awards. The amount of such Performance Award pool shall be based upon the achievement of a performance goal or goals based on one or more of the criteria set forth
in Section 8(b)(ii) hereof during the given performance period, as specified by the Committee in accordance with Section 8(b)(iii) hereof. 

  
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The Committee may specify the amount of the Performance Award pool as a percentage of any of such criteria, a percentage thereof in excess of a threshold amount, or as another amount which need
not bear a strictly mathematical relationship to such criteria. 
 (v) Settlement of Performance Awards; Other
Terms. After the end of each performance period, the Committee shall determine the amount, if any, of (A) the Performance Award pool, and the maximum amount of the potential Performance Award payable to each Participant in the Performance
Award pool, or (B) the amount of the potential Performance Award otherwise payable to each Participant. Settlement of such Performance Awards shall be in cash, Stock, other Awards or other property, in the discretion of the Committee. The
Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards, but may not exercise discretion to increase any such amount payable to a Covered Employee in respect of a
Performance Award subject to this Section 8(b). The Committee shall specify the circumstances in which such Performance Awards shall be paid or forfeited in the event of termination of employment by the Participant prior to the end of a
performance period or settlement of Performance Awards. 
 (c) Annual Incentive Awards Granted to Designated
Covered Employees. If the Committee determines that an Annual Incentive Award to be granted to an Eligible Person who is designated by the Committee as likely to be a Covered Employee should qualify as “performance-based compensation”
for purposes of section 162(m) of the Code, the grant, exercise and/or settlement of such Annual Incentive Award shall be contingent upon achievement of preestablished performance goals and other terms set forth in this Section 8(c).

 (i) Potential Annual Incentive Awards. Not later than the end of the 90th day of each applicable year,
or at such other date as may be required or permitted in the case of Awards intended to be “performance-based compensation” under section 162(m) of the Code, the Committee shall determine the Eligible Persons who will potentially receive
Annual Incentive Awards, and the amounts potentially payable thereunder, for that fiscal year, either out of an Annual Incentive Award pool established by such date under Section 8(c)(i) hereof or as individual Annual Incentive Awards. The
amount potentially payable, with respect to Annual Incentive Awards, shall be based upon the achievement of a performance goal or goals based on one or more of the business criteria set forth in Section 8(b)(ii) hereof in the given performance
year, as specified by the Committee. 
 (ii) Annual Incentive Award Pool. The Committee may establish an
Annual Incentive Award pool, which shall be an unfunded pool, for purposes of measuring performance of the Company in connection with Annual Incentive Awards. The amount of such Annual Incentive Award pool shall be based upon the achievement of a
performance goal or goals based on one or more of the business criteria set forth in Section 8(b)(ii) hereof during the given performance period, as specified by the Committee in accordance with Section 8(b)(iii) hereof. The Committee may
specify the amount of the Annual Incentive Award pool as a percentage of any of such business criteria, a percentage thereof in excess of a threshold amount, or as another amount which need not bear a strictly mathematical relationship to such
business criteria. 

  
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 (iii) Payout of Annual Incentive Awards. After the end of each
applicable year, the Committee shall determine the amount, if any, of (A) the Annual Incentive Award pool, and the maximum amount of the potential Annual Incentive Award payable to each Participant in the Annual Incentive Award pool, or
(A) the amount of the potential Annual Incentive Award otherwise payable to each Participant. The Committee may, in its discretion, determine that the amount payable to any Participant as a final Annual Incentive Award shall be reduced from the
amount of his or her potential Annual Incentive Award, including a determination to make no final Award whatsoever, but may not exercise discretion to increase any such amount in the case of an Annual Incentive Award intended to qualify under
section 162(m) of the Code. The Committee shall specify the circumstances in which an Annual Incentive Award shall be paid or forfeited in the event of termination of employment by the Participant prior to the end of the applicable year or
settlement of such Annual Incentive Award. 
 (d) Written Determinations. All determinations by the
Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual Performance Awards, the achievement of performance goals relating to and final settlement of Performance Awards under
Section 8(b), the amount of any Annual Incentive Award pool or potential individual Annual Incentive Awards, the achievement of performance goals relating to and final settlement of Annual Incentive Awards under Section 8(c) shall be made
in writing in the case of any Award intended to qualify under section 162(m) of the Code. The Committee may not delegate any responsibility relating to such Performance Awards or Annual Incentive Awards. 

(e) Status of Section 8(b) and Section 8(c) Awards under Section 162(m) of the Code. It is the
intent of the Company that Performance Awards and Annual Incentive Awards under Sections 8(b) and 8(c) hereof granted to Oersons who are designated by the Committee as likely to be Covered Employees within the meaning of section 162(m) of the Code
and the regulations thereunder (including Treasury Regulation §1.162-27 and successor regulations thereto) shall, if so designated by the Committee, constitute “performance-based compensation” within the meaning of section 162(m) of
the Code and regulations thereunder. Accordingly, the terms of Sections 8(b), (c), (d) and (e), including the definitions of Covered Employee and other terms used therein, shall be interpreted in a manner consistent with section 162(m) of the
Code and regulations thereunder. The foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Eligible Person will be a Covered Employee with respect to a fiscal year that has not yet been completed, the term
Covered Employee as used herein shall mean only a Person designated by the Committee, at the time of grant of a Performance Award or an Annual Incentive Award, who is likely to be a Covered Employee with respect to that fiscal year. If any provision
of this Plan as in effect on the date of adoption of any agreements relating to Performance Awards or Annual Incentive Awards that are designated as intended to comply with section 162(m) of the Code does not comply or is inconsistent with the
requirements of section 162(m) of the Code or regulations thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. 

  
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 9. Subdivision or Consolidation; Recapitalization; Change in Control; Reorganization.

 (a) Existence of Plans and Awards. The existence of this Plan and the Awards granted hereunder shall
not affect in any way the right or power of the Board or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or
consolidation of the Company, any issue of debt or equity securities ahead of or affecting Stock or the rights thereof, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of its assets
or business or any other corporate act or proceeding. In no event will any action taken by the Committee pursuant to this Section 9 result in the creation of deferred compensation within the meaning of section 409A of the Code and the
regulations and other guidance promulgated thereunder. 
 (b) Subdivision or Consolidation of Shares. The
terms of an Award and the number of shares of Stock authorized pursuant to Section 4 for issuance under the Plan shall be subject to adjustment from time to time, in accordance with the following provisions: 

(i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a Stock split,
by the issuance of a distribution on Stock payable in Stock, or otherwise) or in the event the Company distributes an extraordinary cash dividend the number of shares of Stock then outstanding into a greater number of shares of Stock, then, in order
to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, (A) the maximum number of shares of Stock available for the Plan or in connection with Awards as provided in Sections 4 and 5
shall be increased proportionately, and the kind of shares or other securities available for the Plan shall be appropriately adjusted, (B) the number of shares of Stock (or other kind of shares or securities) that may be acquired under any then
outstanding Award shall be increased proportionately, and (C) the price (including the exercise price) for each share of Stock (or other kind of shares or securities) subject to then outstanding Awards shall be reduced proportionately, without
changing the aggregate purchase price or value as to which outstanding Awards remain exercisable or subject to restrictions. 
 (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, by reverse Stock split, extraordinary repurchase of outstanding securities, or otherwise) the
number of shares of Stock then outstanding into a lesser number of shares of Stock, then, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan (A) the maximum number of
shares of Stock for the Plan or available in connection with Awards as provided in Sections 4 and 5 shall be decreased proportionately, and the kind of shares or other securities available for the Plan shall be appropriately adjusted, (B) the
number of shares of Stock (or other kind of shares or securities) that may be acquired under any then outstanding Award shall be decreased proportionately, and (C) the price (including the exercise price) for each share of Stock (or other kind
of shares or securities) subject to then outstanding Awards shall be increased proportionately, without changing the aggregate purchase price or value as to which outstanding Awards remain exercisable or subject to restrictions. 

(iii) Whenever the number of shares of Stock subject to outstanding Awards and the price for each share of Stock subject
to outstanding Awards are required to be adjusted as provided in this Section 9(b), the Committee shall promptly prepare a notice setting 

  
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forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in price and the number of shares of
Stock, other securities, cash, or property purchasable subject to each Award after giving effect to the adjustments. The Committee shall promptly provide each affected Participant with such notice. 

(iv) Adjustments under Sections 9(b)(i) and (ii) shall be made by the Committee, and its determination as to what
adjustments shall be made and the extent thereof shall be final, binding, and conclusive. No fractional interest shall be issued under the Plan on account of any such adjustments. 

(c) Corporate Recapitalization. If the Company recapitalizes, reclassifies its capital stock, or otherwise changes
its capital structure (a “recapitalization”) without the occurrence of a Change in Control, the number and class of shares of Stock covered by an Option or an SAR theretofore granted shall be adjusted in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan so that such Option or SAR shall thereafter cover the number and class of shares of stock and securities to which the holder would have been entitled
pursuant to the terms of the recapitalization if, immediately prior to the recapitalization, the holder had been the holder of record of the number of shares of Stock then covered by such Option or SAR and the share limitations provided in Sections
4 and 5 shall be adjusted in a manner consistent with the recapitalization. 
 (d) Additional Issuances.
Except as hereinbefore expressly provided, the issuance by the Company of shares of stock of any class or securities convertible into shares of stock of any class, for cash, property, labor or services, upon direct sale, upon the exercise of rights
or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, and in any case whether or not for fair value, shall not affect, and no adjustment by reason thereof
shall be made with respect to, the number of shares of Stock subject to Awards theretofore granted or the purchase price per share, if applicable. 
 (e) Change in Control. Upon a Change in Control the Committee, acting in its sole discretion without the consent or approval of any holder, shall affect one or more of the following alternatives,
which may vary among individual holders and which may vary among Options or SARs (collectively “Grants”) held by any individual holder: (i) accelerate the time at which Grants then outstanding may be exercised so that such Grants may
be exercised in full for a limited period of time on or before a specified date (before or after such Change in Control) fixed by the Committee, after which specified date all unexercised Grants and all rights of holders thereunder shall terminate,
(ii) require the mandatory surrender to the Company by selected holders of some or all of the outstanding Grants held by such holders (irrespective of whether such Grants are then exercisable under the provisions of this Plan) as of a date,
before or after such Change in Control, specified by the Committee, in which event the Committee shall thereupon cancel such Grants and pay to each holder of a vested Award an amount of cash per share equal to the excess, if any, of the amount
calculated in Section 9(f) (the “Change in Control Price”) of the shares subject to such Grants over the Exercise Price(s) under such Grants for such shares (except that to the extent the Exercise Price under any such Grant is equal
to or exceeds 

  
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the Change in Control Price, in which case no amount shall be payable with respect to such Grant), (iii) provide for the assumption or substitution or continuation of Grants by the successor
company or a parent or subsidiary of the successor company, or (iv) make such adjustments to Grants then outstanding as the Committee deems appropriate to reflect such Change in Control; provided, however, that the Committee may
determine in its sole discretion that no adjustment is necessary to Grants then outstanding; provided, further, however, that the right to make such adjustments shall include, but not require or be limited to, the modification
of Grants such that the holder of the Grant shall be entitled to purchase or receive (in lieu of the total number of shares of Stock as to which an Option or SAR is exercisable (the “Total Shares”) or other consideration that the holder
would otherwise be entitled to purchase or receive under the Grant (the “Total Consideration”)), the number of shares of stock, other securities, cash or property to which the Total Consideration would have been entitled to in connection
with the Change in Control (A) (in the case of Options), at an aggregate exercise price equal to the exercise price that would have been payable if the Total Shares had been purchased upon the exercise of the Grant immediately before the
consummation of the Change in Control and (B) in the case of SARs, if the SARs had been exercised immediately before the occurrence of the Change in Control. 

(f) Change in Control Price. The “Change in Control Price” shall equal the amount determined in the
following clause (i), (ii), (iii), (iv) or (v), whichever is applicable, as follows: (i) the price per share offered to holders of Stock in any merger or consolidation, (ii) the per share Fair Market Value of the Stock immediately
before the Change in Control without regard to assets sold in the Change in Control and assuming the Company has received the consideration paid for the assets in the case of a sale of the assets, (iii) the amount distributed per share of Stock
in a dissolution transaction, (iv) the price per share offered to holders of Stock in any tender offer or exchange offer whereby a Change in Control takes place, or (v) if such Change in Control occurs other than pursuant to a transaction
described in clauses (i), (ii), (iii), or (iv) of this Section 9(f), the Fair Market Value per share of the Stock that may otherwise be obtained with respect to such Grants or to which such Grants track, as determined by the Committee as
of the date determined by the Committee to be the date of cancellation and surrender of such Grants. In the event that the consideration offered to stockholders of the Company in any transaction described in this Section 9(f) or in
Section 9(e) consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash and such determination shall be binding on all affected Participants
to the extent applicable to Awards held by such Participants. 
 (g) Impact of Corporate Events on Awards
Generally. In the event of changes in the outstanding Stock by reason of a recapitalization, reorganization, merger, consolidation, combination, exchange or other relevant change in capitalization occurring after the date of the grant of any
Award and not otherwise provided for by this Section 9, any outstanding Awards and any Award agreements evidencing such Awards shall be subject to adjustment by the Committee at its discretion, which adjustment may, in the Committee’s
discretion, be described in the Award agreement and may include, but not be limited to, adjustments as to the number and price of shares of Stock or other consideration subject to such Awards, accelerated vesting (in full or in part) of such Awards,
conversion of such Awards into awards denominated in the securities or other interests of any successor Person, or the cash settlement of such Awards in exchange for the cancellation thereof. The Committee, in its discretion, may also provide for
the 

  
 20 

 
assumption or substitution or continuation of outstanding Awards by any successor company or a parent or subsidiary of the successor company. In the event of any such change in the outstanding
Stock, the aggregate number of shares of Stock available under this Plan may be appropriately adjusted by the Committee, whose determination shall be conclusive. 
 10. General Provisions. 
 (a) Transferability.

 (i) Permitted Transferees. The Committee may, in its discretion, permit a Participant to transfer all
or any portion of an Option or SAR, or authorize all or a portion of an Option or SAR to be granted to an Eligible Person to be on terms which permit transfer by such Participant; provided that, in either case the transferee or transferees must be
any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, in each
case with respect to the Participant, an individual sharing the Participant’s household (other than a tenant or employee of the Company), a trust in which any of the foregoing individuals have more than fifty percent of the beneficial interest,
a foundation in which any of the foregoing individuals (or the Participant) control the management of assets, and any other entity in which any of the foregoing individuals (or the Participant) own more than fifty percent of the voting interests
(collectively, “Permitted Transferees”); provided further that, (X) there may be no consideration for any such transfer and (Y) subsequent transfers of Options or SARs transferred as provided above shall be prohibited except
subsequent transfers back to the original holder of the Option or SAR and transfers to other Permitted Transferees of the original holder. Agreements evidencing Options or SARs with respect to which such transferability is authorized at the time of
grant must be approved by the Committee, and must expressly provide for transferability in a manner consistent with this Section 10(a)(i). 
 (ii) Qualified Domestic Relations Orders. An Option, Stock Appreciation Right, Restricted Stock Unit Award, Restricted Stock Award or other Award may be transferred, to a Permitted Transferee,
pursuant to a domestic relations order entered or approved by a court of competent jurisdiction upon delivery to the Company of written notice of such transfer and a certified copy of such order. 

(iii) Other Transfers. Except as expressly permitted by Sections 10(b)(i) and 10(b)(ii), Awards shall not be
transferable other than by will or the laws of descent and distribution. Notwithstanding anything to the contrary in this Section 10, an Incentive Stock Option shall not be transferable other than by will or the laws of descent and
distribution. 
 (iv) Effect of Transfer. Following the transfer of any Award as contemplated by Sections
10(b)(i), 10(b)(ii) and 10(b)(iii), (A) such Award shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, provided that the term “Participant” shall be deemed to refer to the
Permitted Transferee, the recipient under a qualified domestic relations order, or the estate or heirs of a deceased Participant or other transferee, as applicable, to the extent appropriate to enable the Participant to exercise the transferred
Award in accordance with the terms of this Plan and applicable law and 

  
 21 

 
(B) the provisions of the Award relating to exercisability shall continue to be applied with respect to the original Participant and, following the occurrence of any applicable events described
therein the Awards shall be exercisable by the Permitted Transferee, the recipient under a qualified domestic relations order, or the estate or heirs of a deceased Participant, as applicable, only to the extent and for the periods that would have
been applicable in the absence of the transfer. 
 (v) Procedures and Restrictions. Any Participant
desiring to transfer an Award as permitted under Sections 10(b)(i), 10(b)(ii) or 10(b)(iii) shall make application therefor in the manner and time specified by the Committee and shall comply with such other requirements as the Committee may require
to assure compliance with all applicable securities laws. The Committee shall not give permission for such a transfer if (A) it would give rise to short swing liability under section 16(b) of the Exchange Act or (B) it may not be made in
compliance with all applicable federal, state and foreign securities laws. 
 (vi) Registration. To the
extent the issuance to any Permitted Transferee of any shares of Stock issuable pursuant to Awards transferred as permitted in this Section 10(a) is not registered pursuant to the effective registration statement of the Company generally
covering the shares to be issued pursuant to this Plan to initial holders of Awards, the Company shall not have any obligation to register the issuance of any such shares of Stock to any such transferee. 

(b) Taxes. The Company and any of its Subsidiaries are authorized to withhold from any Award granted, or any
payment relating to an Award under this Plan, including from a distribution of Stock, amounts of withholding and other taxes due or potentially payable in connection with any transaction involving an Award, and to take such other action as the
Committee may deem advisable to enable the Company and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. This authority shall include authority to withhold or receive Stock or
other property and to make cash payments in respect thereof in satisfaction of a Participant’s tax obligations, either on a mandatory or elective basis in the discretion of the Committee. 

(c) Changes to this Plan and Awards. The Board may amend, alter, suspend, discontinue or terminate this Plan or the
Committee’s authority to grant Awards under this Plan without the consent of stockholders or Participants, except that any amendment or alteration to this Plan, including any increase in any share limitation, shall be subject to the approval of
the Company’s stockholders not later than the annual meeting next following such Board action if such stockholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on
which the Stock may then be listed or quoted, and the Board may otherwise, in its discretion, determine to submit other such changes to this Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no
such Board action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. The Committee may waive any conditions or rights under, or amend, alter, suspend, discontinue or terminate any
Award theretofore granted and any Award agreement relating thereto, except as otherwise provided in this Plan; provided, however, that, without the consent of an affected Participant, no such Committee action may materially and
adversely affect the rights of such Participant under such Award. For purposes of 

  
 22 

 
clarity, any adjustments made to Awards pursuant to Section 9 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and
outstanding Award and therefore may be made without the consent of affected Participants. 
 (d) Limitation on
Rights Conferred under Plan. Neither this Plan nor any action taken hereunder shall be construed as (i) giving any Eligible Person or Participant the right to continue as an Eligible Person or Participant or in the employ or service of the
Company or any of its Subsidiaries, (ii) interfering in any way with the right of the Company or any of its Subsidiaries to terminate any Eligible Person’s or Participant’s employment or service relationship at any time,
(iii) giving an Eligible Person or Participant any claim to be granted any Award under this Plan or to be treated uniformly with other Participants and/or employees and/or other service providers, or (iv) conferring on a Participant any of
the rights of a stockholder of the Company unless and until the Participant is duly issued or transferred shares of Stock in accordance with the terms of an Award. 

(e) Unfunded Status of Awards. This Plan is intended to constitute an “unfunded” plan for certain
incentive awards. 
 (f) Nonexclusivity of this Plan. Neither the adoption of this Plan by the Board nor
its submission to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or a committee thereof to adopt such other incentive arrangements as it may deem desirable, including incentive
arrangements and awards which do not qualify under section 162(m) of the Code. Nothing contained in this Plan shall be construed to prevent the Company or any of its Subsidiaries from taking any corporate action which is deemed by the Company or
such Subsidiary to be appropriate or in its best interest, whether or not such action would have an adverse effect on this Plan or any Award made under this Plan. No employee, beneficiary or other person shall have any claim against the Company or
any of its Subsidiaries as a result of any such action. 
 (g) Fractional Shares. No fractional shares of
Stock shall be issued or delivered pursuant to this Plan or any Award. The Committee shall determine whether cash, other Awards or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any
rights thereto shall be forfeited or otherwise eliminated. 
 (h) Severability. If any provision of this
Plan is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and the Plan shall be construed and enforced as if the illegal or
invalid provision had never been included herein. If any of the terms or provisions of this Plan or any Award agreement conflict with the requirements of Rule 16b-3 (as those terms or provisions are applied to Eligible Persons who are subject to
section 16(b) of the Exchange Act) or section 422 of the Code (with respect to Incentive Stock Options), then those conflicting terms or provisions shall be deemed inoperative to the extent they so conflict with the requirements of Rule 16b-3
(unless the Board or the Committee, as appropriate, has expressly determined that the Plan or such Award should not comply with Rule 16b-3) or section 422 of the Code. With respect to Incentive Stock Options, if this Plan does not contain any
provision required to be included herein under section 422 of the Code, that provision shall be deemed to be incorporated herein with the same force and effect as if that provision had been set out at length herein; provided, further, that, to the
extent any Option that is intended to qualify as an Incentive Stock Option cannot so qualify, that Option (to that extent) shall be deemed an Option not subject to section 422 of the Code for all purposes of the Plan. 

  
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 (i) Governing Law. All questions arising with respect to the
provisions of the Plan and Awards shall be determined by application of the laws of the State of Delaware, without giving effect to any conflict of law provisions thereof, except to the extent Delaware law is preempted by federal law. The obligation
of the Company to sell and deliver Stock hereunder is subject to applicable federal and state laws and to the approval of any governmental authority required in connection with the authorization, issuance, sale, or delivery of such Stock.

 (j) Conditions to Delivery of Stock. Nothing herein or in any Award granted hereunder or any Award
agreement shall require the Company to issue any shares with respect to any Award if that issuance would, in the opinion of counsel for the Company, constitute a violation of the Securities Act or any similar or superseding statute or statutes, any
other applicable statute or regulation, or the rules of any applicable securities exchange or securities association, as then in effect. At the time of any exercise of an Option or Stock Appreciation Right, or at the time of any grant of a
Restricted Stock Award, Restricted Stock Unit, or other Award the Company may, as a condition precedent to the exercise of such Option or Stock Appreciation Right or settlement of any Restricted Stock Award, Restricted Stock Unit or other Award,
require from the Participant (or in the event of his or her death, his or her legal representatives, heirs, legatees, or distributees) such written representations, if any, concerning the holder’s intentions with regard to the retention or
disposition of the shares of Stock being acquired pursuant to the Award and such written covenants and agreements, if any, as to the manner of disposal of such shares as, in the opinion of counsel to the Company, may be necessary to ensure that any
disposition by that holder (or in the event of the holder’s death, his or her legal representatives, heirs, legatees, or distributees) will not involve a violation of the Securities Act or any similar or superseding statute or statutes, any
other applicable state or federal statute or regulation, or any rule of any applicable securities exchange or securities association, as then in effect. No Option or Stock Appreciation Right shall be exercisable and no settlement of any Restricted
Stock Award or Restricted Stock Unit shall occur with respect to a Participant unless and until the holder thereof shall have paid cash or property to, or performed services for, the Company or any of its Subsidiaries that the Committee believes is
equal to or greater in value than the par value of the Stock subject to such Award. 
 (k) Section 409A
of the Code. In the event that any Award granted pursuant to this Plan provides for a deferral of compensation within the meaning of the Nonqualified Deferred Compensation Rules, such Award will be designed to comply with the Nonqualified
Deferred Compensation Rules. 
 (l) Nature of Payments. Unless otherwise specified in the Award Agreement,
Awards shall be special incentive payments and shall not be taken into account in computing the amount of salary or base compensation of a Participant for purposes of determining any pension, retirement, death or other benefit under any pension,
retirement, profit-sharing, bonus, insurance or other employee benefit plan of the Company or Subsidiary, except as such plan shall otherwise expressly provide. 

  
 24 

 (m) Plan Effective Date and Term. This Plan was adopted by the Board
on April 19, 2012, and approved by the stockholders of the Company on April 19, 2012, to be effective April 20, 2012. No Awards may be granted under this Plan on and after April 20, 2022. 

  
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