Document:

Exhibit

	
						
	 
	Promissory Note
	 

	Date
	Loan Amount
	

	Interest Rate after Deferment Period
	Deferment Period

	April 30, 2020
	

	$2,188,087.50
	

	1.00% fixed per annum
	6 months

This Promissory Note (“Note”) sets forth and confirms the terms and conditions of a term loan to Trecora Chemical Inc (whether one or more than one, “Borrower”) from Bank of America, NA, a national banking association having an address of P.O. Box 15220, Wilmington, DE 19886-5220 (together with its agents, affiliates, successors and assigns, the “Bank”) for the Loan Amount and at the Interest Rate stated above (the “Loan”). The Loan is made pursuant to the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The funding of the Loan is conditioned upon approval of Borrower’s application for the Loan and Bank’s receiving confirmation from the SBA that Bank may proceed with the Loan. The date on which the funding of the Loan takes place is referred to as the “Funding Date”. If the Funding Date is later than the date of this Note, the Deferment Period commences on the Funding Date and ends six months from the Funding Date. After sixty (60) days from the date the Loan is funded, but not more than ninety (90) days from the date the Loan is funded, Borrower shall apply to Bank for loan forgiveness. If the SBA confirms full and complete forgiveness of the unpaid balance of the Loan, and reimburses Bank for the total outstanding balance, principal and interest, Borrower’s obligations under the Loan will be deemed fully satisfied and paid in full. If the SBA does not confirm forgiveness of the Loan, or only partly confirms forgiveness of the Loan, or Borrower fails to apply for loan forgiveness, Borrower will be obligated to repay to the Bank the total outstanding balance remaining due under the Loan, including principal and interest (the “Loan Balance”), and in such case, Bank will establish the terms for repayment of the Loan Balance in a separate letter to be provided to Borrower, which letter will set forth the Loan Balance, the amount of each monthly payment, the interest rate (not in excess of a fixed rate of one per cent (1.00%) per annum), the term of the Loan, and the maturity date of two (2) years from the funding date of the Loan. No principal or interest payments will be due prior to the end of the Deferment Period. Borrower promises, covenants and agrees with Bank to repay the Loan in accordance with the terms for repayment as set forth in that letter (the “Repayment Letter”). Payments greater than the monthly payment or additional payments may be made at any time without a prepayment penalty but shall not relieve Borrower of its obligations to pay the next succeeding monthly payment.

In consideration of the Loan received by Borrower from Bank, Borrower agrees as follows:

		
	1.
	DEPOSIT ACCOUNT/USE OF LOAN PROCEEDS: Borrower is required to maintain a deposit account with Bank of America, N.A. (the “Deposit Account”) until the Loan is either forgiven in full or the Loan is fully paid by Borrower. Borrower acknowledges and agrees that the proceeds of the Loan shall be deposited by Bank into the Deposit Account. The Loan proceeds are to not be used by Borrower for any illegal purpose and Borrower represents to the Bank that it will derive material benefit, directly and indirectly, from the making of the Loan.

		
	2.
	DIRECT DEBIT. If the Loan is not forgiven and a Loan Balance remains, Borrower agrees that on the due date of any amount due as set forth in the Repayment Letter, Bank will debit the amount due from the Deposit Account established by Borrower in connection with this Loan. Should there be insufficient funds in the Deposit Account to pay all such sums when due, the full amount of such deficiency be shall be immediately due and payable by Borrower.

		
	3.
	INTEREST RATE: Bank shall charge interest on the unpaid principal balance of the Loan at the interest rate set forth above under “Interest Rate” from the date the Loan was funded until the Loan is paid in full.

		
	4.
	REPRESENTATIONS, WARRANTIES AND COVENANTS. (1) Borrower represents and warrants to Bank, and covenants and agrees with Bank, that: (i) Borrower has read the statements included in the Application, including the Statements Required by Law and Executive Orders, and Borrower understands them. (ii) Borrower was and remains eligible to receive a loan under the rules in effect at the time Borrower submitted to Bank its Paycheck Protection Program Application Form (the “Application”) that have been issued by the SBA implementing the Paycheck Protection Program under Division A, Title I of the CARES Act (the “Paycheck Protection Program Rule”). (iii) Borrower (a) is an independent contractor, eligible self-employed individual, or sole proprietor or (b) employs no more than the greater of 500 employees or, if applicable, the size standard in number of employees established by the SBA in 13 C.F.R. 121.201 for Borrower’s industry. (iv) Borrower will comply whenever applicable, with the civil rights and other limitations in the Application. (v) All proceeds of the Loan will be used only for business-related purposes as specified in the Application and consistent with the Paycheck Protection Program Rule. (vi) To the extent feasible, Borrower will purchase only American-made equipment and products. (vii) Borrower is not engaged in any activity that is illegal under federal, state or local law. (viii) Borrower certifies that any loan received by Borrower under Section 7(b)(2) of the Small Business Act between January 31, 2020 and April 3, 2020 that will remain outstanding after funding of this Loan was for a purpose other than paying payroll costs and other allowable uses loans under the Paycheck Protection Program Rule. (ix) Borrower was in operation on February 15, 2020 and had employees for whom Borrower paid salaries and payroll taxes or paid independent contractors (as reported on Form(s) 1099-MISC). (x) The current economic uncertainty makes the request for the Loan necessary to support the ongoing operations of Borrower. (xi) All proceeds of the Loan will be used to retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified under the Paycheck Protection Program Rule and Borrower acknowledges that if the funds are knowingly used for unauthorized purposes, the federal government may hold Borrower and/or Borrower’s authorized representative legally liable, such as for charges of fraud. (xii) Borrower has provided Bank true, correct and complete information demonstrating that Borrower had employees for whom Borrower paid salaries and payroll taxes on or around February 15, 2020. (xiii) Borrower has provided to Bank all documentation available to Borrower on a reasonable basis verifying the dollar amounts of average monthly payroll costs for the calendar year 2019, which documentation shall include, as applicable, copies of payroll processor records, payroll tax filings and/or Form 1099-MISC. (xiv) Borrower will promptly provide to Bank (a) any additional documentation that Bank requests in order to verify payroll costs and (b) documentation verifying the number of full-time equivalent employees on payroll as well as the dollar amounts of payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities for the eight week period following the Loan. (xv) Borrower acknowledges that (a) loan forgiveness will be provided by the SBA for the sum of documented payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities, and not more than 25% of the Forgivable Amount may be for non-payroll costs (xvi) During the period beginning on February 15, 2020 and ending on December 31, 2020, Borrower has not and will not receive any other loan under

the Paycheck Protection Program. (xvii) Borrower certifies that the information provided in the Application and the information that Borrower provided in all supporting documents and forms is true and accurate in all material respects. Borrower acknowledges that knowingly making a false statement to obtain a guaranteed loan from SBA is punishable under the law, including under 18 USC 1001 and 3571 by imprisonment of not more than five years and/or a fine of up to $250,000; under 15 USC 645 by imprisonment of not more than two years and/or a fine of not more than $5,000; and, if submitted to a Federally insured institution, under 18 USC 1014 by imprisonment of not more than thirty years and/or a fine of not more than $1,000,000. (xviii) Borrower understands, acknowledges and agrees that Bank can share any tax information received from Borrower or any Owner with SBA's authorized representatives, including authorized representatives of the SBA Office of Inspector General, for the purpose of compliance with SBA Loan Program Requirements and all SBA reviews. (xix) Neither Borrower nor any Owner, is presently suspended, debarred, proposed for debarment, declared ineligible, voluntarily excluded from participation in this transaction by any Federal department or agency, or presently involved in any bankruptcy. (xx) Neither Borrower, nor any Owner, nor any business owned or controlled by any of them, ever obtained a direct or guaranteed loan from SBA or any other Federal agency that is currently delinquent or has defaulted in the last 7 years and caused a loss to the government. (xxi) Neither Borrower, nor any Owner, is an owner of any other business or has common management with any other business, except as disclosed to the Bank in connection with the Borrower’s Application. (xxii) Borrower did not receive an SBA Economic Injury Disaster Loan between January 31, 2020 and April 3, 2020, except as disclosed to the Bank in connection with the Borrower’s Application. (xxiii) Neither Borrower (if an individual), nor any individual owning 20% or more of the equity of Borrower (each, an “Owner”), is subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction, or presently incarcerated, on probation or parole. (xxiv) Neither Borrower (if an individual), nor any Owner, has within the last 5 years been convicted; pleaded guilty; pleaded nolo contendere; been placed on pretrial diversion; or been placed on any form of parole or probation (including probation before judgment) for any felony. (xxv) The United States is the principal place of residence for all employees of Borrower included in Borrower’s payroll calculation included in the Application. (xxvi)  The Borrower correctly indicated on its Application whether it is a franchise that is listed in the SBA’s franchise directory. (xxvii) If Borrower is claiming an exemption from all SBA affiliation rules applicable to Paycheck Protection Program loan eligibility under the religious exemption to the affiliation rules, Borrower has made a reasonable, good faith determination that it qualifies for such religious exemption under 13 C.F.R. 121.103(b)(10), which provides that “[t]he relationship of a faith- based organization to another organization is not considered an affiliation with the other organization...if the relationship is based on a religious teaching or belief or otherwise constitutes a part of the exercise of religion.” (2) At all times during the term the of the Loan, Borrower represents and warrants to the Bank, that (i) if Borrower is anything other than a natural person, it is duly formed and existing under the laws of the state or other jurisdiction where organized; (ii) this Note, and any instrument or agreement required under this Note, are within Borrower's powers, have been duly authorized, and do not conflict with any of its organizational papers; (iii) the information included in the Beneficial Ownership Certification most recently provided to the Bank, if applicable, is true and correct in all respects; and (iv) in each state in which Borrower does business, it is properly licensed, in good standing, and, where required, in compliance with fictitious name (e.g. trade name or d/b/a) statutes. IF
THE FUNDING DATE IS AFTER THE DATE OF THIS NOTE, BORROWER AGREES THAT BORROWER SHALL BE DEEMED TO HAVE REPEATED AND REISSUED, IMMEDIATELY PRIOR TO THE FUNDING ON THE FUNDING DATE, THE REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS SET FORTH ABOVE IN THIS PARAGRAPH

		
	5.
	EVENTS OF DEFAULT: If the Loan is not forgiven and a Loan Balance remains, then from the date the Repayment Letter is sent to Borrower until the Loan Balance is fully paid, the occurrence and continuation of any of the following events shall constitute a default hereunder: (i) insolvency, bankruptcy, dissolution, issuance of an attachment or garnishment against Borrower; (ii) failure to make any payment when due under the Loan or any or all other loans made by Bank to Borrower, and such failure continues for ten (10) days after it first became due; (iii) failure to provide current financial information promptly upon request by Bank; (iv) the making of any false or materially misleading statement on any application or any financial statement for the Loan or for any or all other loans made by Bank to Borrower; (v) Bank in good faith believes the prospect of payment under the Loan or any or all other loans made by Bank to Borrower is impaired; (vi) Borrower under or in connection with the Loan or any or all other loans made by Bank to Borrower fails to timely and properly observe, keep or perform    any    term,    covenant, agreement, or condition therein; (vii) default shall be made with respect to any other indebtedness for borrowed money of Borrower,        if    the default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity of such indebtedness for borrowed money or to permit the holder or obligee thereof or other party thereto to cause any such indebtedness for borrowed money to become due prior to its stated maturity; (viii) the Bank in its sole discretion determines in good faith that an event has occurred that materially and adversely affects Borrower;

(ix) any change shall occur in the ownership of the Borrower; (x) permanent cessation of Borrower’s business operations; (xi) Borrower, if an individual, dies, or becomes disabled, and such disability prevents the Borrower from continuing to operate its business; (xii) Bank receives notification or is otherwise made aware that Borrower, or any affiliate of Borrower, is listed as or appears on any lists of known or suspected terrorists or terrorist organizations provided to Bank by the U.S. government under the USA Patriot Act of 2001; and (xiii) Borrower fails to maintain the Deposit Account with the Bank.

		
	6.
	REMEDIES: If the Loan is not forgiven and a Loan Balance remains, then from the date the Repayment Letter is sent to Borrower, upon the occurrence of a default, all or any portion of the entire amount owing on the Loan, and any and all other loans made by Bank to Borrower, shall, at Bank’s option, become immediately due and payable without demand or notice. Upon a default, Bank may exercise any other right or remedy available to it at law or in equity. All persons included in the term “Borrower” are jointly and severally liable for repayment, regardless of to whom any advance of credit was made. Borrower shall pay any costs Bank may incur including without limitation reasonable attorney’s fees and court costs should the Loan and/or any and all other loans made by Bank to Borrower be referred to an attorney for collection to the extent permitted under applicable state law. EACH PERSON INCLUDED IN THE TERM BORROWER WAIVES ALL SURETYSHIP AND OTHER SIMILAR DEFENSES TO THE FULL EXTENT PERMITTED BY APPLICABLE LAW.

		
	7.
	CREDIT INVESTIGATION: If the Loan is not forgiven and a Loan Balance remains, then from the date the Repayment Letter is sent to Borrower until the Loan Balance is fully paid, Borrower authorizes Bank and any of its affiliates at any time to make whatever credit investigation Bank deems is proper to evaluate Borrower’s credit, financial standing and employment and Borrower authorizes Bank to exchange Borrower’s credit experience with credit bureaus and other creditors Bank reasonably believes are doing business with Borrower. Borrower also agrees to furnish Bank with any financial statements Bank may request at any time and in such detail as Bank may require.

		
	8.
	NOTICES: Borrower’s request for Loan forgiveness, and the documentation that must accompany that request, shall be submitted to Bank by transmitting the communication to the electronic address, website, or other electronic transmission portal provided by Bank to Borrower.

Otherwise, all notices required under this Note shall be personally delivered or sent by first class mail, postage prepaid, or by overnight courier, to the addresses on the signature page of this Note, or sent by facsimile to the fax number(s) listed on the signature page, or to such other addresses as the Bank and the Borrower may specify from time to time in writing (any such notice a “Written Notice”). Written Notices shall be effective
(i)    if mailed, upon the earlier of receipt or five (5) days after deposit in the U.S. mail, first class, postage prepaid, (ii) if telecopied, when transmitted, or (iii) if hand-delivered, by courier or otherwise (including telegram, lettergram or mailgram), when delivered. In lieu of a Written Notice, notices and/or communications from the Bank to the Borrower may, to the extent permitted by law, be delivered electronically (i) by transmitting the communication to the electronic address provided by the Borrower or to such other electronic address as the Borrower may specify from time to time in writing, or (ii) by posting the communication on a website and sending the Borrower a notice to the Borrower’s postal address or electronic address telling the Borrower that the communication has been posted, its location, and providing instructions on how to view it (any such notice, an “Electronic Notice”). Electronic Notices shall be effective when presented to the Borrower, or is sent to the Borrower’s electronic address or is posted to the Bank’s website. To retain a copy for your records, please download and print or save a copy to your device.

		
	9.
	CHOICE OF LAW; JURISDICTION; VENUE. (1) At all times that Bank is the holder of this Note, except to the extent that any law of the United States may apply, this Note shall be governed and interpreted according to the internal laws of the state of Borrower’s principal place of business (the “Governing Law State”), without regard to any choice of law, rules or principles to the contrary. However, the charging and calculating of interest on the obligations under this Note shall be governed by, construed and enforced in accordance with the laws of the state of North Carolina and applicable federal law. Nothing in this paragraph shall be construed to limit or otherwise affect any rights or remedies of Bank under federal law. Borrower and Bank agree and consent to be subject to the personal jurisdiction of any state or federal court located in the Governing Law State so that trial shall only be conducted by a court in that state. (2) Notwithstanding the foregoing, when SBA is the holder, this Note will be interpreted and enforced under federal law, including SBA regulations. Lender or SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing liens, and other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or liability. As to this Note, Borrower may not claim or assert against SBA any local or state law to deny any obligation, defeat any claim of SBA, or preempt federal law.

		
	10.
	MISCELLANEOUS. The Loan may be sold or assigned by Bank without notice to Borrower. Borrower may not assign the Loan or its rights hereunder to anyone without Bank’s prior written consent. If any provision of this Note is contrary to applicable law or is found unenforceable, such provision shall be severed from this Note without invalidating the other provisions thereof. Bank may delay enforcing any of its rights under this Note without losing them, and no failure or delay on the part of Bank in exercising any right, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or future exercise thereof or the exercise of any other right, power or privilege. Bank, by its acceptance hereof, and the making of the Loan and Borrower understand and agree that this Note constitutes the complete understanding between them. This Note shall be binding upon Borrower, and its successors and assigns, and inure to the benefit of Bank and its successors and assigns.

		
	11.
	BORROWING AUTHORIZED. The signer for Borrower represents, covenants and warrants to Bank that he or she is certified to borrow for the Borrower and is signing this Note as the duly authorized sole proprietor, owner, sole shareholder, officer, member, managing member, partner, trustee, principal, agent or representative of Borrower, and further acknowledges and confirms to Bank that by said signature he or she has read and understands all of the terms and provisions contained in this Note and agrees and consents to be bound by them. This Note and any instrument or agreement required herein, are within the Borrower's powers, have been duly authorized, and do not conflict with any of its organizational papers. The individuals signing this Agreement on behalf of each Borrower are authorized to sign such documents on behalf of such entities. For purposes of this Note only, the Bank may rely upon and accept the authority of only one signer on behalf of the Borrower, and for this Note, this resolution supersedes and replaces any prior and existing contrary resolution provided by Borrower to Bank.

		
	12.
	ELECTRONIC COMMUNICATIONS AND SIGNATURES. This Note and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Note (each a “Communication”), including Communications required to be in writing, may, if agreed by the Bank, be in the form of an Electronic Record and may be executed using Electronic Signatures, including, without limitation, facsimile and/or .pdf. The Borrower agrees that any Electronic Signature (including, without limitation, facsimile or .pdf) on or associated with any Communication shall be valid and binding on the Borrower to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered to the Bank. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Bank of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Bank may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of the Bank’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, the Bank is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Bank pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Bank has agreed to accept such Electronic Signature, the Bank shall be entitled to rely on any such Electronic Signature without further verification and (b) upon the request of the Bank any Electronic Signature shall be promptly followed by a manually executed, original counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.

		
	13.
	CONVERSION TO PAPER ORIGINAL.  At the Bank’s discretion the authoritative electronic copy of this Note ("Authoritative Copy") may  be converted to paper and marked as the original by the Bank (the "Paper Original"). Unless and until the Bank creates a Paper Original, the Authoritative Copy of this Agreement: (1) shall at all times reside in a document management system designated by the Bank for the storage of authoritative copies of electronic records, and (2) is held in the ordinary course of business. In the event the Authoritative Copy is converted to a Paper Original, the parties hereto acknowledge and agree that: (1) the electronic signing of this Agreement also constitutes issuance and delivery of the Paper Original, (2) the electronic signature(s) associated with this Agreement, when affixed to the Paper Original, constitutes legally valid

and binding signatures on the Paper Original, and (3) the Borrower’s obligations will be evidenced by the Paper Original after such conversion.

		
	14.
	BORROWER ATTESTATION. Borrower attests and certifies to Bank that it has not provided false or misleading information or statements to the Bank in its application for the Loan, and that the certifications, representations, warranties, and covenants made to the Bank in this Note and elsewhere relating to the Loan are true, accurate, and correct. Borrower further attests and certifies to Bank that it is has read, understands, and acknowledges that the Loan is being made under the CARES Act, and any use of the proceeds of the Loan other than as permitted by the CARES Act, or any false or misleading information or statements provided to the Bank in its application for the Loan or in this Note may subject the Borrower to criminal and civil liability under applicable state and federal laws and regulations, including but not limited to, the False Claims Act, 31 U.S.C. Section 3729, et. seq. Borrower further acknowledges and understands that this Note is not valid and effective until and unless Borrower’s application for the Loan is approved and Bank’s receiving confirmation from the SBA that Bank may proceed with the Loan.

IN WITNESS WHEREOF, I, the authorized representative of the Borrower, hereto have caused this Promissory Note to be duly executed as of the date set forth below.

	
	
	BORROWER: Trecora Chemical Inc

	/s/ Sami Ahmad

	Signature of Authorized Representative of Borrower

	Sami Ahmad

	Print Name

	Authorized Representative

	Title

	

STREET ADDRESS: 12500 Bay Area Blvd

	CITY/STATE/ZIP CODE: Pasadena, TX, 77507Exhibit

Exhibit 10.5

Text omitted has been redacted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.  [**SOURCE A**] indicates the redacted portions of this exhibit that refer to a third party supplier of natural gas to Martin Operating Partnership L.P. [***] indicates other redacted portions of this exhibit. 

SECOND AMENDED AND RESTATED NATURAL 
GASOLINE SUPPLY AND HANDLING AGREEMENT

This SECOND AMENDED AND RESTATED NATURAL GASOLINE SUPPLY AND HANDLING AGREEMENT (the “Agreement”) is made and entered into effective as of the 1st day of May, 2020 (the “Effective Date”), by and between MARTIN OPERATING PARTNERSHIP L.P., a Delaware limited partnership (hereinafter referred to as “Operator”), and SOUTH HAMPTON RESOURCES, INC., a Texas corporation (hereinafter referred to as “Customer”).  Operator and Customer shall collectively referred herein as the “Parties”.

WITNESSETH:

WHEREAS, Customer requires Feedstock Supply (as hereinafter defined) as raw materials for the operation of its facility located at 7752 Highway 418 near Silsbee, Texas (the “Customer’s Facility”), and wishes Operator obtain and transport such Feedstock Supply to Customer’s Facility;
    
WHEREAS, Customer also desires that Operator obtain and transport Fuel Supply (as hereinafter defined) to Customer at Customer’s Facility for use in the [***];

WHEREAS, Operator supplies Product (as hereinafter defined) to Customer’s Facility via delivery to Customer’s eight inch liquid products pipeline originating at [**SOURCE A**]’s [***] in Orange County, Texas, and terminating approximately thirty-two miles north at Customer’s Facility (the “Customer’s Pipeline”); 

WHEREAS, delivery of Product to Customer’s Pipeline is currently accomplished by purchasing Natural Gasoline in Mont Belvieu, Texas, moving or exchanging the purchased Natural Gasoline from Mont Belvieu, Texas to an [***] Barrel storage tank with [***] located at Operator’s Spindletop Terminal in Beaumont, Texas (the “Tank”) utilizing a liquids product pipeline operated by [**SOURCE A**], and finally by moving the Natural Gasoline from the Tank to Customer’s Pipeline utilizing a pipeline owned by Operator (“Operator’s Pipeline”);

WHEREAS, Operator and Customer are parties to that certain Amended and Restated Natural Gasoline Supply and Handling Agreement dated April 21, 2017 (the “Prior Agreement”); and

WHEREAS, Operator and Customer wish to amend and restate the Prior Agreement to modify certain terms and conditions under which Product is transported to Customer’s Pipeline and purchased by Customer.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, Operator and Customer agree as follows:

		
	1.
	Definitions.

“Agreement” has the meaning set forth in the first paragraph of this agreement.

“Average Feedstock Marketing Fee” means $[***] per Gallon.

“Barrel” means forty-two (42) Gallons of an equivalent liquid volume adjusted to sixty degrees (60°) Fahrenheit.

“Business Day” means any Day that is a Monday, Tuesday, Wednesday, Thursday or Friday, except where such Day is a bank holiday.

“Contract Year” means the period beginning at 7:00 a.m., CPT, on each August 1st and ending at 7:00 a.m., CPT, on succeeding August 1st. 

“CPT” means Central Prevailing Time.

“Customer” has the meaning set forth in the first paragraph of this Agreement.

“Customer’s Facility” has the meaning set forth in the recitals of this Agreement.

“Customer’s Pipeline” has the meaning set forth in the recitals of this Agreement.

“Customer Supply” means Natural Gasoline purchased from third parties in compliance with Section 9 and subsequently delivered by rail or truck into the Tank.

“Day” means the twenty-four (24) hour period beginning at 7:00 a.m., CPT, on one calendar day and ending at 7:00 a.m., CPT, on the following calendar day.

“Effective Date” has the meaning set forth in the first paragraph of this Agreement. 

“[**SOURCE A**]” has the meaning set forth in the recitals of this Agreement.

“[**SOURCE A**] Exchange Agreement” means that certain Term Exchange Contract between [**SOURCE A**] and Martin Operating Partnership L.P. dated April 21, 2017, as amended by that certain First Amendment to Term Exchange Contract dated as of March 1, 2020, both attached hereto as Exhibit A. 

“[**SOURCE A**] Fee” means the actual amounts charged by [**SOURCE A**] to Operator for the exchange from Mt. Belvieu, Texas to the Tank of Product sold to Customer pursuant to the [**SOURCE A**] Exchange Agreement. 

“[**SOURCE A**] Purchase Agreement” means that certain First Amended and Restated Term Purchase Contract dated as of July 31, 2017, between [**SOURCE A**] and Martin Operating Partnership L.P. and as amended by that certain First Amendment dated June 22, 2018 and that certain Second Amendment dated as of March 1, 2020, attached hereto as Exhibit B.

“Event of Default” has the meaning set forth in Section 13 of this Agreement.
    
“Feedstock Marketing Fee” means (i) $[***] per Gallon for each Gallon of Feedstock Supply through April 30, 2020, (ii) $[***] per Gallon for each Gallon of Feedstock Supply from May 1, 2020 through July 31, 2022, and (iii) $[***] per Gallon for each Gallon of Feedstock Supply thereafter.

“Feedstock Supply” means Natural Gasoline purchased from Operator to be consumed as a feedstock for the operation of Customer’s Facility.

“Feedstock Terminal Fee” means $[***] per Gallon for each Gallon of Feedstock Supply, as may be adjusted annually pursuant to Section 4. 

“FERC Index” has the meaning set forth in Section 4.

“Fuel Marketing Fee” means $[***] per Gallon for each Gallon of Fuel Supply through July 31, 2022.

“Fuel Terminal Fee” means $[***] per Gallon for each Gallon of Fuel Supply through July 31, 2022.

“Fuel Supply” means Natural Gasoline purchased from Operator to be sold by Customer into the [***].

“Gallon” means 231 cubic inches adjusted to a temperature of sixty degrees (60°) Fahrenheit and at an absolute pressure of 14.65 psi, or pressure expressed in pounds per square inch.

“Initial Term” has the meaning set forth in Section 2.

“Laws” has the meaning set forth in Section 3.

“Meter” has the meaning set forth in Section 6.

“Minimum Annual Volume” means [***] Gallons of Feedstock Supply for the Contract Year ending July 31, 2020 and [***] Gallons of Feedstock Supply during each Contract Year thereafter.

“Minimum Quarterly Volume” means [***] Gallons of Feedstock Supply per Quarter through April 30, 2020 and [***] Gallons of Feedstock Supply per Quarter thereafter.

“Month” means the period beginning at 7:00 a.m., CPT, on the first Day of a calendar month and ending at 7:00 a.m., CPT, on the first Day of the succeeding calendar month.

“Natural Gasoline” means natural gasoline meeting the Receipt and Delivery [**SOURCE A**] Specification attached hereto as Exhibit C, as may be amended from time to time by [**SOURCE A**].

“Operator” has the meaning set forth in the first paragraph of this Agreement.

“Operator’s Pipeline” has the meaning set forth in the recitals of this Agreement.

“Parties” has the meaning set forth in the first paragraph of this Agreement

“Prior Agreement” has the meaning set forth in the recitals of this Agreement.

“Product” means collectively, Feedstock Supply and Fuel Supply.  

“Product Acquisition Cost” means the actual cost to Operator to purchase Product (historically, OPIS Non-TET (Any Month) plus negotiated differential) to supply Customer hereunder by purchasing Product pursuant to the [**SOURCE A**] Purchase Agreement, if available, and other sources thereafter, calculated on a first in, first out basis plus the Feedstock Marketing Fee or Fuel Marketing Fee, as applicable. 

“Quarter” means (i) August, September and October; (ii) November, December and January; (iii) February, March and April; or (iv) May, June and July, as may be applicable.

“Renewal Term” has the meaning set forth in Section 2.

“Services” has the meaning set forth in Section 3.

“Shortfall Fee” means the product of (i) the Throughput Shortfall Volume times (ii) the sum of the Feedstock Terminal Fee and the Feedstock Marketing Fee.  

“Subsequent Law” has the meaning set forth in Section 14.b.

“Tank” has the meaning set forth in the recitals of this Agreement.

“Term” has the meaning set forth in Section 2.

“Terminal Fees” means the Feedstock Terminal Fee and Fuel Terminal Fee.
    
“Threshold Volume” means [***] Gallons through April 30, 2020 and [***] Gallons thereafter.

“Throughput Shortfall Volume” means the difference between the Minimum Quarterly Volume and the actual Gallons of Feedstock Supply delivered into Customer’s Pipeline during a Quarter.
    
		
	2.
	Term of Agreement. The initial term of this Agreement shall begin on the Effective Date and shall end at 11:59 p.m. CPT on [***] (the “Initial Term”) and shall automatically be renewed for successive one-year terms (each, a “Renewal Term”) after the Initial Term, unless cancelled in writing by either party by one hundred eighty (180) Days’ written notice prior to the end of then-existing term.  The Initial Term and each Renewal Term hereunder shall be collectively, the “Term.”   

		
	3.
	Services.  In consideration of the compensation provided in Section 4 hereof, Operator will purchase Product and either transport or exchange such Product into the Tank, and then transfer the Product from the Tank to Customer’s Pipeline at the Meter (as hereinafter defined) utilizing Operator’s Pipeline (the “Services”).  Operator will be responsible for providing all manpower and utilities required to perform all of the Services, which are not provided by third-parties. In the performance of the Services, Operator shall comply in all material respects with all requirements of federal, state and local laws, ordinances, decrees, orders, regulations, permits or other requirements having the force of law (hereinafter the “Laws”) and shall be responsible for all regulatory compliance reporting.  

		
	4.
	Operator’s Compensation.  As compensation for the Services performed hereunder, each Month Customer shall pay Operator the following:

		
	a.
	Product Acquisition Cost of the Product delivered to Customer’s Pipeline;

		
	b.
	The Feedstock Terminal Fee multiplied by the actual number of Gallons of Feedstock Supply delivered to Customer’s Pipeline;

		
	c.
	The Fuel Terminal Fee multiplied by the actual number of Gallons of Fuel Supply delivered to Customer’s Pipeline; and

		
	d.
	The [**SOURCE A**] Fee.

Beginning on August 1, 2020 and annually thereafter, the Feedstock Terminal Fee  and the Fuel Terminal Fee shall escalate by the positive adjustment, if any, in the current “F.E.R.C. Oil Pipeline Index - Multiplier to Use” published by the Federal Energy Regulatory Commission (“FERC Index”).  In the event that the FERC Index ceased to be published by the Federal Energy Regulatory Commission, a new index shall be established as mutually agreed by the parties.

Notwithstanding anything to the contrary contained in this Agreement, if Operator obtains Product that is subsequently transported to Customer by means other than Operator’s Pipeline, the price of such Product will be negotiated and agreed to as separate spot business at a price acceptable to both parties.

An example calculation of Operator’s Compensation is attached hereto as Exhibit D.

		
	5.
	Shortfall Payments and Rebate.  In the event that less than the Minimum Quarterly Volume of Feedstock Supply is delivered into Customer’s Pipeline during a Quarter through no fault of Operator, then for such Quarter Customer shall additionally pay Operator the Shortfall Fee.  At the end of the Contract Year ending July 31, 2020, Customer shall be entitled to a rebate equal to the positive amount, if any, resulting from the sum of the actual Shortfall Fees paid hereunder during such Contract Year and less the product of (i) the difference of the Minimum Annual Volume less the actual quantity of Feedstock Supply delivered into Customer’s Pipeline during such Contract Year times (ii) the sum of the Feedstock Terminal Fee plus the Average Feedstock Marketing Fee.  At the end of each Contract Year thereafter, Customer shall be entitled to a rebate equal to the positive amount, if any, resulting from the sum of the actual Shortfall Fees paid hereunder during the Contract Year and less the product of (i) the difference of the Minimum Annual Volume less the actual quantity of Feedstock Supply delivered into Customer’s Pipeline during such Contract Year times (ii) the sum of the Feedstock Terminal Fee plus the Feedstock Marketing Fee.  An example calculation is attached hereto as Exhibit E.  

		
	6.
	Title to Product.  Title to, possession and risk of loss of the Product shall pass from Operator to Customer when the Product passes through the transfer meter located where Operator’s Pipeline interconnects with Customer’s Pipeline (the “Meter”).  The readings from the Meter shall be used for calculation of the amounts owed to Operator by Customer pursuant to Section 4 and in determining any Shortfall Fee due under Section 5.  The Meter will be calibrated at least annually according to Operator’s standard practices.  Customer shall have the right to attend said calibration check and Operator shall provide Customer at least three (3) Business Days prior notice of each calibration.  In the event the Meter is out of service or upon inspection is off by more than one percent (1%), the quantity of Product delivered hereunder will be determined by using the first of the of the following methods available:

		
	a.
	By using the measurement of any check meter if same is installed correctly and registering accurately;

		
	b.
	By correcting the error of the Meter if ascertainable by calibration, test or mathematical calculation and the length of time the meter has been inaccurate is known; or

		
	c.
	By using the combination of the Product received into the Tank, if known, and the Tank inventory for the respective period.

		
	7.
	Representations and Warranties.

 
		
	a.
	Operator represents and warrants to Customer that:

		
	i.
	Operator has title to the Product delivered by it hereunder or the right to deliver same; 

		
	ii.
	Product delivered hereunder shall be delivered in full compliance with all federal and state laws, rules and regulations and orders that may be applicable thereto; and

		
	iii.
	Product delivered under this Agreement will meet the specifications set forth in Exhibit C to this Agreement.

		
	b.
	Customer represents and warrants to Operator that:

		
	i.
	Customer is knowledgeable and aware that the Product delivered hereunder is hazardous material and Customer is sophisticated and knowledgeable of (i) the hazards and risks associated with such Product, and (ii) the handling, receipt, transportation, storage and use of such Product; and

		
	ii.
	Product received hereunder shall be received in full compliance with all applicable federal and state laws, rules and regulations and orders that may be applicable thereto. 

		
	8.
	Nomination.  Customer shall provide Operator a firm nomination, in writing, specifying the volume of Product that Customer desires delivered into Customer’s Pipeline each Month at least twelve (12) Business Days prior to the beginning of the applicable Month of delivery.  For planning purposes, Customer shall also provide Operator with a three (3) Month rolling quantity of estimated future Product needs at least twelve (12) Business Days prior to the beginning of each Month.  Customer further agrees to provide Operator with a report of Customer’s actual Product usage for each three (3) Month period during the Term of this Agreement to be delivered by the fifteenth (15) day of the Month following each such three (3) Month period.

		
	9.
	Exclusivity.  With the exception of the exclusions provided for in this paragraph, Customer shall be obligated to source all of its Product needs for Customer’s Facility through Operator. In the event that during any Quarter Customer’s Feedstock Supply needs exceed the Threshold Volume, then Customer may source up to [***] of its Feedstock Supply needs in excess of the Threshold Volume for the applicable Quarter through persons other than Operator.  Notwithstanding the foregoing sentence, in the event that Customer provides Operator with written notice during January of 2022, beginning August 1, 2022 Customer may source up to [***] of its Product needs during a Quarter through persons other than Operator, so long as the amount of Feedstock Supply purchased from Operator during such Quarter is at least [***] Barrels per Day.  In addition to the foregoing amounts, Customer may source de minimus amounts of Product from sources other than Operator, being no more than [***] Barrels per Quarter.  In no event will Operator be obligated hereunder to deliver to Customer’s Pipeline more than [***] Barrels of Product in any Day.  During any time period when Operator is unable to supply Customer with Product, Customer may source Product through persons other than Operator to meet its operational requirements. Nothing in this Section 9 shall in any way reduce the Minimum Annual Volume, the Minimum Quarterly Volume or the Threshold Volume.

		
	10.
	Truck or Rail.    In the event that Customer wishes to deliver Customer Supply to the Tank by truck or rail for subsequent delivery by Operator to Customer’s Pipeline, the Parties agrees that they will work in good faith to amend this Agreement to make the various revisions necessary to permit such. The cost of all upgrades to Operator’s facilities needed to facilitate receipt of Customer Supply into the Operator’s Pipeline by rail or truck shall be paid solely by Customer.  The Parties acknowledge and agree that a separate terminalling fee shall be applicable to the receipt and redelivery of Customer Supply.  Further, the Parties agree that all Customer Supply delivered by Operator to the Customer’s Pipeline shall be credited against the Minimum Quarterly Volume, but shall not reduce any volume obligations under any agreement between Operator and [**SOURCE A**] related to the purchase of Natural Gasoline to be supplied to Customer.  

		
	11.
	Indemnification.

		
	a.
	OPERATOR.  OPERATOR AGREES TO INDEMNIFY AND HOLD HARMLESS CUSTOMER FROM AND AGAINST ANY AND ALL CLAIMS, SUITS, LIABILITIES, DEMANDS, LOSSES OR EXPENSES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, INJURY OR DEATH OF PERSONS OR DAMAGE TO OR DESTRUCTION OF PROPERTY AS WELL AS REASONABLE ATTORNEYS’ FEES AND EXPENSES ARISING OUT OF OR IN ANY WAY CONNECTED WITH OR RESULTING FROM OPERATOR’S FAILURE TO OBSERVE ANY OF ITS MATERIAL OBLIGATIONS HEREUNDER OR OPERATOR’S MISCONDUCT OR NEGLIGENT ACTS OR OMISSIONS; PROVIDED, HOWEVER, THAT IN NO EVENT SHALL OPERATOR BE LIABLE TO CUSTOMER OR ANY OTHER PARTY FOR INDIRECT, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES OF ANY KIND OR CHARACTER FROM ANY CAUSE WHATSOEVER.

		
	b.
	CUSTOMER.   CUSTOMER AGREES TO INDEMNIFY AND HOLD HARMLESS OPERATOR FROM AND AGAINST ANY AND ALL CLAIMS, SUITS, LIABILITIES, DEMANDS, DAMAGES, LOSSES OR EXPENSES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, INJURY OR DEATH OF PERSONS OR DAMAGE TO OR DESTRUCTION OF PROPERTY AS WELL AS REASONABLE ATTORNEYS’ FEES AND EXPENSES ARISING OUT OF OR IN ANY WAY CONNECTED WITH OR RESULTING FROM CUSTOMER’S FAILURE TO OBSERVE ANY OF ITS MATERIAL OBLIGATIONS HEREUNDER OR CUSTOMER’S MISCONDUCT OR NEGLIGENT ACTS OR OMISSIONS; PROVIDED, HOWEVER, THAT IN NO EVENT SHALL CUSTOMER BE LIABLE TO OPERATOR OR ANY OTHER PARTY FOR THE LOSS OF PROFITS OR INDIRECT, SPECIAL CONSEQUENTIAL OR PUNITIVE DAMAGES OF ANY KIND OR CHARACTER FROM ANY CAUSE WHATSOEVER.

		
	12.
	Payment Terms.  Within five (5) Business Days after the end of each Month, Customer shall send Operator a detailed breakdown delineating how much of the Product purchased by the Customer for such Month constituted Feedstock Supply and how much constituted Fuel Supply.  Within ten (10) Business Days following the end of each Month, Operator shall send to Customer an invoice for the Terminal Fees and Product Acquisition Cost attributable to such Month.  Additionally, within ten (10) Business Days following the end of each Quarter, Operator shall, to the extent due from Customer, send Customer an invoice for any Shortfall Fee due.  Customer agrees to pay a service charge to Operator equal to one percent (1.0%) per Month on all undisputed payments due Operator and not paid by Customer on or before the date due, which shall be thirty (30) Days after the invoice date.  Notwithstanding the foregoing, if at any time the amount owed hereunder to Operator by Customer, whether invoiced or not, exceeds Customer’s credit limit established by Operator, which may be amended from time to time, Customer shall immediately pay Operator all amounts owed in excess of such credit limit by wire transfer.

		
	13.
	Default/Termination.  Either Party may terminate this Agreement upon thirty (30) days’ prior written notice to the other in the Event of Default.  The following events are considered an “Event of Default” under this Agreement:  

		
	a.
	a breach of any material term or condition of this Agreement that remains uncured for a period of thirty (30) days;

		
	b.
	if a Party becomes insolvent or if the normal conduct of a Party’s business, or its credit, becomes substantially impaired; 

		
	c.
	if a Party calls any meeting of creditors or if a receiver or trustee is appointed for such Party or its assets; or

		
	d.
	if any petition, proceeding or action under any bankruptcy proceedings is filed or instituted by a Party or against such Party and such proceeding is not dismissed within sixty (60) days.

In the event of termination as set forth herein, the Party terminating this Agreement shall have all rights and remedies available to it under law or equity to seek recourse for the default of the other Party.  

		
	14.
	Force Majeure.

		
	a.
	Natural.  If either party is rendered unable, wholly or in part, by force majeure or any other cause of any kind not reasonably within its control to perform or comply with any obligation or condition of this Agreement, other than obligation to pay money, upon giving written notice to the other party, such obligation or condition shall be suspended during the continuance of the inability so caused and such party shall be relieved of any liability during such period.  The term “force majeure” shall include, without limitation, by the following acts of God, or when the supply of product or any facility of production, manufacture/storage, transportation, distribution or delivery contemplated by either party is interrupted, unavailable, or inadequate because of war or the public enemy, strikes, lockouts, or other disturbances, riots, hurricanes, floods, fires, explosion, or destruction from any involuntary cause or any character either similar or dissimilar to the foregoing, reasonably beyond the control of the party failing to perform.  Further, a force majeure event affecting [**SOURCE A**] ability to deliver Product into the Tank or Operator’s ability to acquire Product otherwise, which prevents Operator from performing its obligations hereunder shall also serve as a force majeure event hereunder.  

		
	b.
	Regulatory.  In the event that after the date on which this Agreement becomes effective any new and/or modified federal, state and/or local statutes, ordinances, regulations, laws or court or regulatory decisions (a “Subsequent Law”) become applicable to the Tank or Operator’s Pipeline, and as a result thereof Operator is required to make capital expenditures in excess of $250,000.00 to bring those items into compliance with such Subsequent Law, then in such event Operator shall give written notice of such occurrence to Customer setting for the amount of such required capital expenditures.  If the required capital expenditures exceed $250,000.00, the parties agree to renegotiate in good faith the terms of this Agreement in light of said required capital expenditures to equitably share such costs.

		
	15.
	Customer’s Compliance with Laws.  In the operation of Customer’s Pipeline, Customer agrees to comply in all material respects with all applicable Laws.

		
	16.
	Notices.  All notices pertaining to this Agreement shall be sent by certified U.S. mail or overnight courier service, on a prepaid basis along with a fax copy.  Said notices shall be effective on the Day sent and shall be addressed as follows unless another address is specified in writing by either party:

Martin Operating Partnership, LP        South Hampton Resources, Inc.
P.O. Box 191                          P. O. Box 1636
Kilgore, Texas 75663                      Silsbee, Texas 77656
Attention: General Counsel            Attention: Pat Quarles

		
	17.
	No Agency. The subject matter of this Agreement is purchase and delivery of the Product identified herein.  There is no agency, distributorship, partnership, or joint venture being created by the existence of this Agreement.  Neither party shall represent itself to be the agent, servant or partner of the other.

		
	18.
	Construction.  The paragraph headings of this Agreement shall not be considered to be part hereof for the purposes of interpreting or applying this Agreement, or any section hereof but are for convenience only.

		
	19.
	Severability.    In the event that any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal, or enforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions, and this Agreement shall be construed as if such invalid and illegal or unenforceable provisions have never been contained in it.

		
	20.
	Entire Agreement.  This Agreement shall constitute the entire agreement concerning the subject hereof between the parties superseding all previous agreements, negotiations and representations made prior or contemporaneous to the date hereof.  This Agreement shall be modified or amended only in written agreement executed by both parties hereto.

		
	21.
	Assignment.  Neither party shall assign this Agreement without the express written consent of the other party which shall not be unreasonably withheld.  This Agreement shall not be assigned by operation of law and shall not become an asset in any bankruptcy or receivership proceedings.  In the case of any permitted assignment hereof, the rights and obligations of the parties hereto shall be binding upon such successors and assigns.

		
	22.
	Survival.  The provisions of this Agreement which by their nature are intended to survive the termination or expiration of this Agreement will continue as valid and enforceable obligations notwithstanding any such termination or expiration, including, without limitation, the indemnification obligations contained in Section 11.

		
	23.
	Authority.  Each party by executing this Agreement represents that the execution and delivery of this Agreement has been duly authorized by all necessary action on its part and that this Agreement is a legal, valid and binding obligation of such party, enforceable in accordance with the terms hereof, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to the enforcement of creditor’s rights generally and by general principles of equity.

		
	24.
	No Third Party Beneficiaries.  Except for [**SOURCE A**], nothing in this Agreement will create, or be construed as creating any express or implied rights in any person or entity other than the parties and their respective successors and permitted assigns.

		
	25.
	Controlling Law and Venue.  This Agreement shall be governed by and construed in accordance with the laws of the State of Texas and exclusive venue for any dispute hereunder shall be the State District Courts of Jefferson County, Texas, to whose jurisdiction all parties hereto consent.

		
	26.
	Information/Audit Rights.  Customer shall keep detailed books and records relating to all Feedstock Supply and Fuel Supply provided hereunder by Operator and all natural gasoline consumed by Customer in its operations. Such books and records must be maintained for a minimum of twenty-four (24) Months and shall, upon request at reasonable times, be made available for an audit by a representative of Operator.  The Parties agree that Operator may share any information it obtains hereunder from Customer with [**SOURCE A**].  Further, Customer agrees that [**SOURCE A**] shall have the right to audit Customer’s books and records in accordance with the Condition Precedent section of the [**SOURCE A**] Agreement, which was effective on and after April 21, 2017.

		
	27.
	Confidentiality.  The Parties agree to treat this Agreement and any information exchanged under this Agreement as confidential information and Customer shall hold as confidential any information concerning the [**SOURCE A**] Exchange Agreement and the [**SOURCE A**] Purchase Agreement; provided, however, that the Parties may disclose any information concerning this Agreement required by (i) law or (ii) listing agreements with national security exchanges as determined by the discloser’s legal advisor. Each Party will be responsible for any breach of the foregoing confidentiality obligations by itself, its employees, officers, agents or representatives and agrees that it will be liable to the other Party for all damages suffered by such other Party as a result of its breach.

EXECUTED as of the date first written above.

SOUTH HAMPTON RESOURCES, INC.        MARTIN OPERATING PARTNERSHIP LP
By:  Martin Operating GP LLC, its general partner
By: Martin Midstream Partners L.P., its sole member
By: Martin Midstream GP LLC, its general partner

By: /s/ Patrick     Quarles                 By: /s/ Robert D. Bondurant            
Name: Patrick     Quarles                Name: Robert D. Bondurant
		
	Title: President & Chief Executive Officer
	Title: Executive Vice President & Chief Financial Officer

CUSTOMER                        OPERATOR

EXHIBIT A to Second Amended and Restated Natural Gasoline Supply and Handling Agreement

(TERM EXCHANGE CONTRACT)

[***]

EXHIBIT B to Second Amended and Restated Natural Gasoline Supply and Handling Agreement

(FIRST AMENDED AND RESTATED TERM EXCHANGE CONTRACT)

[***]

EXHIBIT C to Second Amended and Restated Natural Gasoline Supply and Handling Agreement

(PRODUCT SPECIFICATION)

[***]

EXHIBIT D to Second Amended and Restated Natural Gasoline Supply and Handling Agreement

(OPERATOR’S COMPENSATION)

[***]

EXHIBIT E to Second Amended and Restated Natural Gasoline Supply and Handling Agreement

(SHORTFALL FEE CALCULATION)

[***]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]