Document:

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Exhibit 4.2

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT (as amended from time to time, this “Agreement”),
dated as of                     , 2005, by and between Western Refining, Inc., a Delaware corporation (the
“Company”), on the one hand, and each of the stockholders listed on the signature pages to
this Agreement (each individually, a “Stockholder” and, collectively, the
“Stockholders”), on the other hand.

W I T N E S S E T H

     WHEREAS, the Company and each of the Stockholders have entered into that certain Contribution
Agreement, dated as of           , 2005 (the “Contribution Agreement”), pursuant to which the
Stockholders will receive shares of Common Stock (as hereinafter defined) in exchange for their
respective partnership interests in Western Refining Company, L.P.; and

     WHEREAS, in connection with, and in consideration of, the transactions contemplated by the
Contribution Agreement, the Stockholders have requested, and the Company has agreed to provide,
registration rights with respect to the Registrable Securities (as hereinafter defined), as set
forth in this Agreement.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

ARTICLE I

DEFINITIONS

     1.1 Definitions. The following terms when used in this Agreement shall have the
following meanings (such definitions to be equally applicable to the singular and plural forms
thereof):

     “Affiliate” of any Person means any other Person which directly, or indirectly through
one or more intermediaries, controls, or is controlled by, or is under common control with, such
Person. The term “control” (including the terms “controlling,” “controlled
by” and “under common control with”) as used with respect to any Person means the
possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of such Person, whether through the ownership of voting securities, by contract or
otherwise.

     “Agreement” has the meaning provided in the preamble of this Agreement.

     “Board” means the Board of Directors of the Company.

     “Commission” means the Securities and Exchange Commission.

     “Common Stock” means the common stock, par value $0.01 per share, of the Company.

     “Company” has the meaning set forth in the preamble of this Agreement.

 

 

     “Contribution Agreement” has the meaning set forth in the preamble of this Agreement.

     “Demand Registration” has the meaning set forth in Section 2.1.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations of the Commission promulgated thereunder.

     “Holder” means any Stockholder that holds Registrable Securities and any transferees
of such Registrable Securities (provided that such transfer is made in accordance with the terms of
this Agreement). For purposes of this Agreement, the Company may deem and treat the registered
holder of Registrable Securities as the Holder and absolute owner thereof, and the Company shall
not be affected by any notice to the contrary.

     “Initial Public Offering” means the first underwritten registered public offering of
equity securities of the Company pursuant to a Registration Statement that has been declared
effective under the Securities Act.

     “Person” means any natural person, corporation, firm, limited liability company,
partnership, association, government, governmental agency or other entity, whether acting in an
individual, fiduciary or other capacity.

     “Piggyback Registration” has the meaning set forth in Section 3.1.

     “Prospectus” means the prospectus included in any Registration Statement, as amended
or supplemented by any prospectus supplement with respect of the terms of the offering of any
portion of the Registrable Securities covered by such Registration Statement and all other
amendments or supplements to the Prospectus, including post-effective amendments, and all materials
incorporated, or deemed to be incorporated, by reference in such Prospectus.

     “Registrable Securities” means any shares of Common Stock held by a Stockholder on the
date of this Agreement or issued to a Stockholder pursuant to the Contribution Agreement and any
equity securities of the Company issued or issuable with respect to any such Common Stock by way of
stock dividend or stock split or in connection with a combination of shares, recapitalization,
merger, consolidation or other reorganization or otherwise, except, in the case of any such
securities issued with respect to Common Stock, for any such securities that are not “restricted
securities,” as such term is defined in Rule 144(a) under the Securities Act. As to any particular
Registrable Securities, such securities shall cease to be Registrable Securities when (a) a
Registration Statement with respect to the sale of such securities shall have become effective
under the Securities Act and such securities shall have been disposed of in accordance with such
Registration Statement, (b) they shall have been distributed to the public pursuant to Rule 144 (or
any successor provision) under the Securities Act, (c) they shall have been otherwise transferred,
new certificates for them not bearing a legend restricting further transfer shall have been
delivered by the Company and subsequent disposition of them shall not require registration or
qualification of them under the Securities Act or any similar state law then in force, (d) they
become eligible for resale by the Holder thereof pursuant to Rule 144(k) (or any successor
provision) under the Securities Act or (e) they shall have ceased to be outstanding.

     “Registration” has the meaning set forth in Section 2.1.

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     “Registration Expenses” has the meaning set forth in Section 6.1.

     “Registration Statement” means any registration statement of the Company under the
Securities Act which permits the public offering of any Registrable Securities, including the
Prospectus, amendments and supplements to such Registration Statement, including post-effective
amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by
reference in such registration statement.

     “Restricted Period” means the 180 day “Restricted Period” set forth in those certain
Lock-Up Agreements, dated as of September 23, 2005 and
November 21, 2005, executed and delivered by the Stockholders in
connection with the Initial Public Offering, as such 180-day period may be extended in accordance
with the terms of such Lock-Up Agreements.

     “Rule 144” means Rule 144 promulgated under the Securities Act.

     “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.

     “Shelf Registration” has the meaning set forth in Section 2.2.

     “Stockholder” has the meaning set forth in the preamble of this Agreement.

ARTICLE II

DEMAND REGISTRATIONS

     2.1 Requests for Registration. Subject to the terms and conditions hereof, at any
time after the expiration of the Restricted Period, if any Holder or Holders of at least 10% of the
Registrable Securities then outstanding request in writing registration under the Securities Act of
any of its or their Registrable Securities (a “Registration”), which request specifies the
approximate number of Registrable Securities requested to be registered, then within ten (10) days
after receipt of any such request, the Company shall give written notice of such requested
Registration to all other Holders and shall include in the Registration all Registrable Securities
with respect to which the Company has received written requests for inclusion therein within 15
days after the date of mailing of the Company’s notice. The Registration requested pursuant to
this Section 2.1 is referred to herein as a “Demand Registration”.

     2.2 Shelf Registration. With respect to any Demand Registration, any Holder or
Holders of at least 10% of the Registrable Securities then outstanding may request the Company to
effect a registration of the Common Stock under a Registration Statement pursuant to Rule 415 under
the Securities Act (or any successor rule) (a “Shelf Registration”).

     2.3 Registration. The Company shall pay all Registration Expenses in connection with each Demand
Registration. No request for a Demand Registration shall be permitted unless the Registrable
Securities sought to be included in such Demand Registration constitute more than 10% of all
Registrable Securities then outstanding or have an expected market value of at least $50 million,
whichever is less. A Registration shall not count as a Demand Registration until it has become
effective, and any Registration shall not count as a Demand Registration

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unless the initiating
Holder or Holders and other Holders are able to register and sell at least 50% of the Registrable
Securities requested to be included in such Registration.

     2.4 Priority on Demand Registrations. If a Demand Registration is an underwritten
offering and the managing underwriters advise the Company in writing that in their opinion the
number of Registrable Securities and other securities requested to be included in such offering
exceeds the number of Registrable Securities and other securities, if any, which can be sold in an
orderly manner in such offering and/or that the number of shares of Registrable Securities proposed
to be included in such offering would adversely affect the price per share of the Common Stock, the
timing of the offering, the distribution method or the probability of success of such offering, the
Company shall include in the Registration, prior to the inclusion of any securities which are not
Registrable Securities, the number of Registrable Securities requested to be included which, in the
opinion of the underwriters, can be so sold, pro rata (or as may have otherwise been agreed among
the Holders of Registrable Securities to be included in such Registration) among the respective
Holders thereof on the basis of the amount of Registrable Securities requested to be registered by
each such Holder; provided, however, that if the number of Registrable Securities to be included in
the Registration is less than 75% of the number requested to be so included, the Holders of
Registrable Securities covered by such Demand Registration shall be entitled to withdraw such
request, upon the affirmative vote of Holders holding at least 66% of such Registrable Securities,
and, if such request is withdrawn, the Demand Registration shall not count as a permitted Demand
Registration hereunder, and the Company shall pay all Registration Expenses in connection with the
withdrawn Registration. Any Person who participates in Demand Registrations not at the Company’s
expense must pay its share of the Registration Expenses as provided in Article VI.

     2.5 Restrictions on Registrations. The Company shall not be obligated to effect any
Demand Registration or Shelf Registration within six months after the effective date of a
Registration demanded by the holders of registration rights under a Registration in which the
Holders were given the right to register Registrable Securities pursuant to Article III if the
number of Registrable Securities included under such Registration was not reduced pursuant to
Section 3.4. The Company may, not more than twice in any 12-month period, postpone for up to 90
days the filing or the effectiveness of a Registration Statement for a Demand Registration or Shelf
Registration if the Board determines in good faith that (i) such postponement is necessary in order
to avoid premature disclosure of a matter that the Board has determined would not be in the best
interests of the Company to be disclosed at such time or (ii) the Demand Registration would
materially and adversely impact the Company; provided, however, that in such event, the Holders of
Registrable Securities covered by the Demand Registration shall be entitled, upon the affirmative
vote of Holders holding at
least 66% of such Registrable Securities, to withdraw such request and, if such request is
withdrawn, the Demand Registration shall not count as a permitted Demand Registration hereunder,
and the Company shall pay all Registration Expenses in connection with the withdrawn Registration;
provided, further, that upon the election of the Company and upon notice to the Holders of
Registrable Securities to be included in such Registration, one such postponement may be extended
to not more than 120 days at the sole discretion of the Company.

     2.6 Selection of Underwriters. In connection with a Demand Registration, the Company
shall select the investment banker(s) and manager(s) to administer the offering.

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ARTICLE III

PIGGYBACK REGISTRATIONS

     3.1 Right to Piggyback. Subject to the terms and conditions hereof, at any time after
the Restricted Period whenever the Company proposes to register (including for this purpose a
Registration effected by the Company for stockholders other than Holders) any of its securities
under the Securities Act (other than (i) a Registration under Article II hereof, (ii) a
Registration of securities solely relating to an offering and sale pursuant to any employee stock
plan or other employee benefit plan arrangement, (iii) a Registration of securities issued in an
acquisition or business combination, including any Registration on Form S-4 (or any successor form
thereto), (iv) for an offering of debt that is convertible into equity securities of the Company or
(v) for an exchange offer) (a “Piggyback Registration”), the Company shall give at least 10
days prior written notice to all Holders of the Company’s intention to effect such a Registration
and shall include in the Registration, subject to any agreement among the Holders to be included in
such Registration, all Registrable Securities with respect to which the Company has received
written requests for inclusion therein within 10 days after receipt of the Company’s notice.

     3.2 Piggyback Expenses. The Registration Expenses of the Holders shall be paid by the
Company in all Piggyback Registrations.

     3.3 Priority on Primary Registrations. If a Piggyback Registration is an underwritten
primary Registration on behalf of the Company and the managing underwriters advise the Company in
writing that in their opinion the number of securities requested to be included in such
Registration exceeds the number which can be sold in an orderly manner in such offering and/or that
the number of securities proposed to be included in such offering would adversely affect the price
per share of the Common Stock, the timing of the offering, the distribution method or the
probability of success of such offering, the Company shall include in the Registration (i) first,
the securities that the Company proposes to sell, (ii) second, the Registrable Securities requested
to be included in the Registration pro rata among the Holders on the basis of the number of shares
proposed to be registered by each or as such Holders may otherwise agree and (iii) third, other
securities requested to be included in the
Registration pro rata among the holders of such other securities on the basis of the number of
shares requested to be registered by each such holder or as such holders may otherwise agree.

     3.4 Priority on Secondary Registrations. If a Piggyback Registration is an
underwritten secondary Registration on behalf of holders of the Company’s securities other than
Registrable Securities and the managing underwriters advise the Company in writing that, in their
opinion, the number of securities requested to be included in the Registration exceeds the number
which can be sold in an orderly manner in such offering and/or that the number of securities
proposed to be included in such offering would adversely affect the price per share of the Common
Stock, the Company shall include in the Registration (i) first, the securities requested to be
included therein by the holders requesting such Registration pro rata among the holders of such
other securities on the basis of the number of shares requested to be registered by each such
holder or as such holders may otherwise agree, (ii) second, the Registrable Securities requested to
be included in such Registration pro rata among the Holders on the basis of the number of shares
proposed to be registered by each or as such Holders may otherwise agree and (iii) third, other
securities requested to be included in the Registration pro rata among the holders

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of such other
securities on the basis of the number of shares requested to be registered by each such holder or
as such holders may otherwise agree.

     3.5 Selection of Underwriters. If any Piggyback Registration is an underwritten
offering, the Company shall select the investment banker(s) and manager(s) to administer the
offering.

ARTICLE IV

LOCK UP AGREEMENTS

     4.1 General. Each Holder agrees not to effect any sale, distribution or other
transfer (including sales pursuant to Rule 144) of equity securities of the Company, or any
securities convertible into or exchangeable or exercisable for such securities, during a period of
up to 90 days (as may be requested by the Company and the managing underwriters) following any
underwritten, registered public offering of Common Stock, beginning on the effective date of such
underwritten, registered offering (except for sales of such securities as part of such
underwritten, registered offering) whether or not the Holder sold shares in such offering, unless
the managing underwriters otherwise agree.

ARTICLE V

REGISTRATION PROCEDURES

     5.1 Registration Procedures. Whenever the Holders have requested that any Registrable
Securities be registered pursuant to Article II or Article III of this Agreement, the Company shall
use commercially reasonable efforts to effect the Registration and the sale of such Registrable
Securities in
accordance with the intended method of disposition thereof, and pursuant thereto the Company
shall :

          (a) prepare and, in the case of a Demand Registration, no later than 60 days after a request
for a Demand Registration, file with the Commission a Registration Statement with respect to such
Registrable Securities and use its commercially reasonable efforts to cause the Registration
Statement to become effective and remain effective until the earlier of (i) the date when all
Registrable Securities covered by the Registration Statement have been sold or (ii) 120 days from
the effective date of the Registration Statement; provided, however, that before filing a
Registration Statement or Prospectus or any amendments or supplements thereto, the Company shall
furnish to the Holders of Registrable Securities covered by such Registration Statement and the
underwriter or underwriters, if any, copies of all such documents proposed to be filed, including
documents incorporated by reference in the Prospectus and, if requested by such Holders, the
exhibits incorporated by reference, and such Holders shall have the opportunity to object to any
information pertaining to such Holders that is contained therein, and the Company will make the
corrections reasonably requested by such Holders with respect to such information prior to filing
any Registration Statement or amendment thereto or any Prospectus or any supplement thereto;
provided, further, that the period for the preparation and filing of a Demand Registration shall be
120 days if a request for a Demand Registration is made in the first 45 days of any year;

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          (b) except in the case of a Shelf Registration, prepare and file with the Commission such
amendments and supplements to the Registration Statement and the Prospectus used in connection
therewith as may be necessary to keep the Registration Statement effective for the period referred
to in Section 5.1(a) and comply with the provisions of the Securities Act with respect to the
disposition of all securities covered by the Registration Statement during such period in
accordance with the intended methods of disposition by the sellers thereof as set forth in the
Registration Statement;

          (c) in the case of a Shelf Registration, prepare and file with the SEC such amendments and
supplements to such Registration Statement and the Prospectus used in connection therewith as may
be necessary to keep such Registration Statement effective and to comply with the provisions of the
Securities Act with respect to the disposition of all Registrable Shares subject thereto for a
period ending on the earlier of (i) 24 months after the effective date of such Registration
Statement and (ii) the date on which all the Registrable Shares subject thereto have been sold
pursuant to such Registration Statement;

          (d) furnish to each seller of Registrable Securities such number of copies of the Prospectus
(including each preliminary prospectus) and such other documents as such Holder may reasonably
request in order to facilitate the disposition of the Registrable Securities owned by such Holder;

          (e) use commercially reasonable efforts to register or qualify such Registrable Securities
under such securities or blue sky laws of such jurisdictions as any Holder thereof reasonably
requests and do any and all other acts and things which may be reasonably necessary or advisable to
enable such Holder to consummate the disposition in such jurisdictions of the Registrable
Securities owned by such Holder; provided, however, that the Company will not be
required to (i) qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this subparagraph (d), (ii) subject itself to taxation in
any such jurisdiction or (iii) take such action which would subject it to general service of
process in any such jurisdiction where it is not so subject;

          (f) notify each such Holder, at any time when a Prospectus relating thereto is required to be
delivered under the Securities Act, of the happening of any event as a result of which the
Prospectus included in such Registration Statement contains an untrue statement of a material fact
or omits any fact necessary to make the statements therein not misleading, and, at the request of
any such Holder, the Company shall prepare a supplement or amendment to the Prospectus so that, as
thereafter delivered to the purchasers of such Registrable Securities, such Prospectus shall not
contain an untrue statement of a material fact or omit to state any material fact necessary to make
the statements therein not misleading;

          (g) promptly notify each seller of Registrable Securities and the underwriter or underwriters,
if any: (i) when the Registration Statement, any pre-effective amendment, the Prospectus or any
Prospectus supplement or post-effective amendment to the Registration Statement has been filed and,
with respect to the Registration Statement or any post-effective amendment, when the same has
become effective, (ii) of any written request by the Commission for amendments or supplements to
the Registration Statement or Prospectus, (iii) of the notification to the Company by the
Commission of its initiation of any proceeding with respect

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to the issuance by the Commission of
any stop order suspending the effectiveness of the Registration Statement, (iv) of the receipt by
the Company of any notification with respect to the suspension of the qualification of any
Registrable Securities for sale under the applicable securities or blue sky laws of any
jurisdiction and (v) of any other material written communication from the Commission relating to
the Registration Statement or the Prospectus; and

          (h) in connection with an underwritten offering, (i) make such representations and warranties
to such selling Holders and the underwriters with respect to the Registrable Securities and the
Registration Statement as are customarily made by issuers to underwriters in primary or secondary
underwritten offerings, (ii) obtain opinions of counsel to the Company and updates thereof
addressed to each selling Holder and the underwriters covering the matters customarily covered in
opinions requested in primary or secondary underwritten offerings, (iii) obtain comfort letters
from the Company’s independent certified public accountants and updates thereof addressed to each
selling Holder and the underwriters covering the matters customarily covered in comfort letters in
underwritten offerings, and (iv) make available, on a reasonable basis, senior management personnel
of the Company to participate in, and cause them to cooperate with the selling Holders or the
managing underwriter in any underwritten offering in connection with “road show” and other
customary marketing activities, including “one on one” meetings with prospective purchasers of the
Registrable Securities to be sold in the underwritten offering.

ARTICLE VI

REGISTRATION EXPENSES

     6.1 In General. All reasonable fees and expenses incident to the Company’s performance of or compliance
with this Agreement and the inclusion of Registrable Securities in a Registration Statement,
including, without limitation, all Registration and filing fees, fees and expenses of compliance
with securities or blue sky laws, printing expenses, messenger and delivery expenses, and fees and
disbursements of counsel for the Company and all independent certified public accountants,
underwriters (excluding discounts and commissions and transfer taxes, if any, attributable to the
sale of Registrable Securities) and other Persons retained by the Company (all such expenses being
herein called the “Registration Expenses”), shall be borne by the Company, and the Company
shall pay its internal expenses (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of any annual audit or
quarterly review, the expense of any liability insurance and the expenses and fees for listing the
securities to be registered on each securities exchange on which similar securities issued by the
Company are then listed or on the NASD automated quotation system.

     6.2 Reimbursement by the Company. In connection with each Registration, the Company
shall reimburse the Holders covered by such Registration for the reasonable fees and disbursements
of one counsel chosen by the Holders of a majority of the Registrable Securities covered by such
Registration.

     6.3 Obligations of the Holders of Securities. To the extent registration expenses are
not required to be paid by the Company, each Holder of securities included in any Registration

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hereunder shall pay those registration expenses allocable to the registration of such Holder’s
securities so included, and any registration expenses not so allocable shall be borne by all
sellers of securities included in the Registration in proportion to the aggregate selling price of
the securities to be so registered.

ARTICLE VII

INDEMNIFICATION

     7.1 In General. The Company shall indemnify, to the fullest extent permitted by law,
each Holder, its officers, directors and Affiliates and each Person who controls such Holder
(within the meaning of the Securities Act) against all losses, claims, damages, liabilities and
expenses arising out of or based upon any untrue or alleged untrue statement of material fact
contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment
thereof or supplement thereto or any omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements therein not misleading or any violation or
alleged violation by the Company of the Securities Act, the Exchange Act or applicable blue sky
laws, except insofar as the same are made in reliance and in conformity with information relating
to such Holder furnished in writing to the Company by such Holder expressly for use therein or
caused by such Holder’s failure to deliver to such Holder’s immediate purchaser a copy of the
Registration Statement or Prospectus or any amendments or supplements thereto (if the same was
required by applicable law to be so delivered) after the Company has furnished such Holder
with a sufficient number of copies of the same. In connection with an underwritten offering,
the Company shall indemnify such underwriters, their officers and directors and each Person who
controls such underwriters (within the meaning of the Securities Act) to the same extent as
provided above with respect to the indemnification of the Holders.

     7.2 Information from the Holders. In connection with any Registration Statement in
which a Holder is participating, each such Holder shall furnish to the Company in writing such
information and affidavits as the Company reasonably requests for use in connection with any such
Registration Statement or Prospectus and shall indemnify, to the fullest extent permitted by law,
the Company, its officers, directors, Affiliates and each Person who controls the Company (within
the meaning of the Securities Act) against all losses, claims, damages, liabilities and expenses
arising out of or based upon any untrue or alleged untrue statement of material fact contained in
the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or
supplement thereto or any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, but only to the extent that the
same are made in reliance and in conformity with information relating to such Holder furnished in
writing to the Company by such Holder expressly for use therein or caused by such Holder’s failure
to deliver to such Holder’s immediate purchaser a copy of the Registration Statement or Prospectus
or any amendments or supplements thereto (if the same was required by applicable law to be so
delivered) after the Company has furnished such Holder with a sufficient number of copies of the
same; provided, however, that the obligation to indemnify shall be several, not joint and several,
among such Holders, and the liability of each such Holder shall be in proportion to and limited to
the net amount received by such Holder from the sale of Registrable Securities pursuant to such
Registration Statement.

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     7.3 Notice of Claim. Any Person entitled to indemnification hereunder shall (i) give
prompt written notice to the indemnifying party of any claim with respect to which it seeks
indemnification and (ii) unless in such indemnified party’s reasonable judgment a conflict of
interest between such indemnified and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel reasonably
satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall
not be subject to any liability for any settlement made by the indemnified party without its
consent (but such consent will not be unreasonably withheld). An indemnifying party who is not
entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees
and expenses of more than one counsel for all parties indemnified by such indemnifying party with
respect to such claim, unless in the reasonable judgment of any indemnified party there may be one
or more legal or equitable defenses available to such indemnified party which are in addition to or
may conflict with those available to another indemnified party with respect to such claim. Failure
to give prompt written notice shall not release the indemnifying party from its obligations
hereunder.

     7.4 Survival of Indemnification. The indemnification provided for under this Agreement shall remain in full force and effect
regardless of any investigation made by or on behalf of the indemnified party or any officer,
director or controlling Person of such indemnified party and shall survive the transfer of
securities.

     7.5 Contribution. If the indemnification provided for in or pursuant to this Article
VII is due in accordance with the terms hereof but is held by a court to be unavailable or
unenforceable in respect of any losses, claims, damages, liabilities or expenses referred to
herein, then each applicable indemnifying party, in lieu of indemnifying such indemnified party,
shall contribute to the amount paid or payable by such indemnified Person as a result of such
losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect
the relative fault of the indemnifying party on the one hand and of the indemnified party on the
other in connection with the statements or omissions which result in such losses, claims, damages,
liabilities or expenses as well as any other relevant equitable considerations. The relative fault
of the indemnifying party on the one hand and of the indemnified Person on the other shall be
determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party, and by such party’s relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. In no event shall the liability of any selling Holder be greater in amount than the
amount of net proceeds received by such Holder upon such sale or the amount for which such
indemnifying party would have been obligated to pay by way of indemnification if the
indemnification provided for under Sections 7.1 or 7.2 hereof had been available under the
circumstances.

ARTICLE VIII

PARTICIPATION IN UNDERWRITTEN REGISTRATIONS

     8.1 Participation in Underwritten Registrations. No Person may participate in any
Registration hereunder which is underwritten unless such Person (a) agrees to sell such Person’s
securities on the basis provided in any underwriting arrangements approved by the Company and

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(b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements
and other documents required under the terms of such underwriting arrangements.

ARTICLE IX

REPORTS UNDER THE SECURITIES LAWS

     9.1 Reports Under the Securities Laws. With a view to making available to the Holders
the benefits of Rule 144 and any other rule or regulation of the Commission that may at any time
permit a Holder to sell securities of the Company to the public without Registration, after an
Initial Public Offering, the Company agrees to:

          (a) File with the Commission in a timely manner all reports and other documents required of
the Company under the Securities Act and the Exchange Act; and

          (b) Furnish to any holder so long as the Holder owns any of the Registrable Securities
forthwith upon request a written statement by the Company that it has complied with the reporting
requirements of the Securities Act and the Exchange Act.

ARTICLE X

TRANSFER OF REGISTRATION RIGHTS

     10.1 Transfer of Registration Rights. The rights to cause the Company to register
Registrable Securities pursuant to this Agreement may be assigned by a Holder to a transferee or
assignee of Registrable Securities which (i) is a subsidiary, affiliate, member, parent, general
partner, limited partner, trust grantor or beneficiary, or retired partner of a Holder, (ii) is a
Holder’s family member, is a limited partnership all of the limited partners of which are the
Holder and/or the Holder’s family members, or is trust for the benefit of an individual Holder,
(iii) is already a Holder of Registrable Securities or (iv) acquires at least five hundred (500)
shares of Registrable Securities (as adjusted for stock splits and combinations); provided,
however, that such transfer shall be subject to the following: (A) the transferor shall, within
ten (10) days after such transfer, furnish to the Company written notice of the name and address of
such transferee or assignee and the securities with respect to which such registration rights are
being assigned and (B) such transferee shall agree to be subject to all restrictions set forth in
this Agreement.

ARTICLE XI

INFORMATION BY HOLDERS OF REGISTRABLE SECURITIES

     11.1 Reporting of Sales. Each Holder shall report to the Company sales made pursuant
to any Registration of such Registrable Securities.

ARTICLE XII

MISCELLANEOUS

     12.1 Notices. Any notice, demand, offer or other instrument required or permitted to
be given pursuant to this Agreement shall be in writing signed by the party giving such notice and
shall, to the extent reasonably practicable, be sent by telecopy (with confirmation of receipt),

11

 

and if not reasonably practicable to send by telecopy, then by hand delivery, overnight courier or
certified mail (return receipt requested), to the other parties at the addresses set forth below:

          If to the Company:

	 	 	 
	 

	 	Western Refining, Inc.
	 

	 	6500 Trowbridge Drive
	 

	 	El Paso, Texas 79905
	 

	 	Attention: Chief Financial Officer
	 

	 	Facsimile: (915) 775-5587

          If to a Stockholder:

	 	 	 
	 

	 	c/o Western Refining, Inc.
	 

	 	6500 Trowbridge Drive
	 

	 	El Paso, Texas 79905

If to a transferee Holder, to the address of such Holder set forth in the transfer
documentation provided to the Company.

     Each party may change the place to which notice shall be sent or delivered or specify one
additional address to which copies of notices may be sent, in either case by similar notice sent or
delivered in like manner to the other parties. Without limiting any other means by which a party
may be able to prove that a notice has been received by the other party, a notice shall be deemed
to be duly received:

          (a) if sent by hand or overnight courier, the date when duly delivered at the address of the
recipient;

          (b) if sent by certified mail, the date of the return receipt; or

          (c) if sent by telecopy, upon receipt by the sender of an acknowledgment or transmission
report generated by the machine from which the telecopy was sent indicating that the telecopy was
sent in its entirety to the recipient’s telecopy number.

     12.2 Captions. Titles or captions of Sections or Articles contained in this Agreement
are inserted only as a matter of convenience and for reference and in no way define, limit, extend
or describe the scope of this Agreement or the intent of any provision hereof.

     12.3 Amendment. The provisions of this Agreement, including the provisions of this
sentence, may not be amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may not be given without the prior written consent of the Holders of a
majority of the Registrable Securities; provided, however, that without a Holder’s written consent,
no such amendment, modification, supplement or waiver shall affect adversely such Holder’s rights
hereunder in a discriminatory manner inconsistent with its adverse effects on rights of other
Holders hereunder (other than as reflected by the different number of shares held by such Holder);
provided, further, that the consent or agreement of the Company shall be required with
regard to any termination, amendment, modification or supplement of, or waivers

12

 

or consents to
or departures from, the terms hereof, which affect the Company’s obligations hereunder.

     12.4 Waiver. Any waiver of any term or condition shall not be construed as a waiver
of any subsequent breach or a subsequent waiver of the same term or condition, or as a waiver of
any other term or condition, of this Agreement. The failure of any party to assert any of its
rights hereunder shall not constitute a waiver of any such rights.

     12.5 Survival. The several indemnities, agreements, representations, warranties and
each other provision set forth in this Agreement and made pursuant hereto shall remain in full
force and effect regardless of any investigation (or statement as to the results thereof) made by
or on behalf of any party, any director or officer of such party, or any controlling person of any
of the foregoing, and shall survive the transfer of any Registrable Securities, and the
indemnification and contribution provisions set forth in Article VII shall survive termination of
this Agreement.

     12.6 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be an original but all of which together shall constitute one and the same
instrument.

     12.7 Entire Agreement; Assignment. This Agreement and any agreement, document or
schedule attached hereto or thereto or referred to herein or therein, constitute the entire
agreement and supersedes all prior agreements and understandings, both written and oral, of the
parties with respect to the subject matter hereof. Any oral representations or modifications
concerning this Agreement shall be of no force or effect unless contained in a subsequent written
modification signed by the party to be charged. The registration rights of any Holder under this
Agreement with respect to any Registrable Securities may be transferred and assigned in accordance
with this Agreement. This Agreement shall be binding upon and shall inure to the benefit of the
parties hereto and their respective successors and permitted assigns.

     12.8 Severability. If any provision of this Agreement is invalid or unenforceable,
the balance of this Agreement shall remain in full force and effect, and this Agreement shall be
construed in all respects as if such invalid or unenforceable provision were omitted, as long as
the economic or legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any party. Upon any such determination that any provision of this
Agreement is invalid or unenforceable, the parties hereto shall negotiate in good faith to modify
this Agreement so as to effect the original intent of the parties as closely as possible in an
acceptable manner in order that the transactions contemplated hereby are consummated as originally
contemplated to the greatest extent possible.

     12.9 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Texas. Each of the parties hereto agrees that process may be served
upon them in any manner authorized by the laws of the State of Delaware for such persons and waives
and covenants not to assert or plead any objection which they might otherwise have to such
jurisdiction and such process.

13

 

     12.10 Consent to Jurisdiction. Without limiting the provisions of Article VII hereof,
the parties agree that any legal proceeding by or against any party or with respect to or arising
out of this Agreement shall be brought in or removed to the United States District Court for the
State of Delaware or in any Delaware state court, as the party or parties instituting such legal
action or proceeding may elect. By execution and delivery of this Agreement, each party
irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and to the
appellate courts therefrom. The parties irrevocably consent to the service of process out of any
of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by
registered or certified airmail, postage prepaid, to such parties at the addresses specified in
Section 12.1. Any such service of process shall be effective five (5) business days after mailing,
or, if hand delivered, upon delivery. Nothing herein shall affect the right to serve process in
any other manner permitted by applicable law. The parties hereby waive any right to stay or
dismiss any action or proceeding under or in connection with this Agreement brought before the
foregoing courts on the basis of (a) any claim that it is not personally subject to the
jurisdiction of the above-named courts for any reason, or that it or any of its property is immune
from the above-described legal process, (b) that such action or proceeding is brought in an
inconvenient forum, that venue for the action or proceeding is improper or that this Agreement may
not be enforced in or by such courts or (c) any other defense that would hinder or delay the levy,
execution or collection of any amount to which any party is entitled pursuant to any final judgment
of any court having jurisdiction.

[SIGNATURE PAGE FOLLOWS]

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     IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as of
the date first written above.

	 	 	 	 	 
	 	 	WESTERN REFINING, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	RHC HOLDINGS, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	WRC Refining Company,

its General Partner
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	WRC REFINING COMPANY
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

15exv10w3

 

Exhibit 10.3

EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT (this “Agreement”) is made by and between Western Refining
GP, LLC, a Delaware limited liability company (the “Company”), and Paul L. Foster
(“Executive”).

W I T N E S S E T H:

     WHEREAS, Executive is to be directly employed by the Company; and

     WHEREAS, the Company is desirous of directly employing Executive in an executive capacity on
the terms and conditions and for the consideration hereinafter set forth (which includes new and
additional consideration to that which Executive is currently receiving), and Executive is desirous
of being directly employed by the Company on such terms and conditions and for such consideration;

     NOW, THEREFORE, for and in consideration of the mutual promises, covenants and obligations
contained herein, the Company and Executive agree as follows:

ARTICLE 1 : DEFINITIONS AND INTERPRETATIONS

     1.1 Definitions.

     (a) “Affiliate” means, with respect to any natural person, firm, partnership,
association, corporation, limited liability company, company, trust, entity, public body or
government (a “Person”), any Person which, directly or indirectly, controls, is
controlled by, or is under common control with, such Person. The term “control”
(including the terms “controlled by” and “under common control with”) as
used in this definition means the possession, directly or indirectly, of the power to direct
or cause the direction of management and policies of a Person, whether through the ownership
of voting securities, by contract or otherwise. With respect to any natural person, the
term “Affiliate” means (1) the spouse or children (including those by adoption) and
siblings of such Person; and any trust whose primary beneficiary is such Person, such
Person’s spouse, such Person’s siblings and/or one or more of such Person’s lineal
descendants, (2) the legal representative or guardian of such Person or of any such
immediate family member in the event such Person or any such immediate family member becomes
mentally incompetent and (3) any Person controlled by or under common control with any one
or more of such Person and the Persons described in clauses (1) or (2) preceding.

     (b) “Annual Base Salary” means, as of a specified date, Executive’s annual base
salary as of such date determined pursuant to Section 4.1.

     (c) “Annual Bonus” means the amount, if any, equal to the greater of:

     (i) 75% of the Annual Base Salary;

1

 

     (ii) the annual bonus most recently paid by the Company to Executive pursuant
to Section 4.2; or

     (iii) the average of the last three annual bonuses (or the average of the last
two annual bonuses if the Executive has been employed by the Company for less than
three years) paid by the Company to Executive pursuant to Section 4.2.

Notwithstanding the foregoing, if Executive was employed by the Company for only a portion
of the year with respect to which such bonus was paid, then the “Annual Bonus” shall
equal an amount determined by annualizing the bonus received by Executive based on the ratio
of the number of days Executive was employed by the Company during such year to 365 days.

     (d) “Annual Compensation” means an amount equal to the greater of:

     (i) Executive’s Annual Base Salary at the annual rate in effect on the date of
his Involuntary Termination;

     (ii) Executive’s Annual Base Salary at the annual rate in effect 180 days prior
to the date of his Involuntary Termination; and

     (iii) Executive’s Annual Base Salary at the annual rate in effect immediately
prior to a Change of Control if Executive’s employment shall be subject to an
Involuntary Termination during the Change of Control Period.

Notwithstanding the foregoing, if Executive’s employment shall be subject to an Involuntary
Termination during the Change of Control Period, then the amount determined pursuant to the
preceding sentence shall be increased by the amount of the Annual Bonus.

     (e) “Board” means the Board of Directors of the Parent.

     (f) “Cause” means Executive

     (i) has engaged in gross negligence, gross incompetence or willful misconduct
in the performance of his duties,

     (ii) has refused, without proper reason, to perform his duties,

     (iii) has willfully engaged in conduct which is materially injurious to the
Company, the Parent or their subsidiaries (monetarily or otherwise),

     (iv) has committed an act of fraud, embezzlement or willful breach of a
fiduciary duty to WRI (including the unauthorized disclosure of confidential or
proprietary material information of WRI), or

     (v) has been convicted of, pled guilty to, or pleaded no contest to, a crime
involving fraud, dishonesty or moral turpitude.

2

 

     (g) “Change In Duties” means:

     (i) The occurrence, prior to a Change of Control or after the expiration of a
Change of Control Period, of any one or more of the following:

     (1) a material reduction in the nature or scope of Executive’s
authorities or duties from those previously applicable to him;

     (2) a reduction in Executive’s Annual Base Salary;

     (3) a material diminution in employee benefits (including, but not
limited to, medical, dental, life insurance and long-term disability plans)
and perquisites applicable to Executive from those substantially similar to
the employee benefits and perquisites provided by WRI to executives with
comparable duties; or

     (4) a change in the location of Executive’s principal place of
employment by the Company (including its subsidiaries and the Parent) by
more than 60 miles from the location where he was principally employed;
provided, however, that such change in the location of Executive’s principal
place of employment shall not constitute a Change In Duties if the decision
to relocate was mutually acceptable to Executive and the Company prior to
such change in location.

     (ii) The occurrence, within a Change of Control Period, of any one or more of
the following:

     (1) a material reduction in the nature or scope of Executive’s
authorities or duties from those applicable to him immediately prior to the
date on which a Change of Control occurs;

     (2) a reduction in Executive’s Annual Base Salary from that provided to
him immediately prior to the date on which a Change of Control occurs;

     (3) a diminution in Executive’s eligibility to participate in bonus,
stock option, incentive award and other compensation plans that provide
opportunities to receive compensation which are the greater of (A) the
opportunities provided by the Company (including its subsidiaries and the
Parent) for executives with comparable duties or (B) the opportunities under
any such plans under which he was participating immediately prior to the
date on which a Change of Control occurs;

     (4) a material diminution in employee benefits (including, but not
limited to, medical, dental, life insurance and long-term disability plans)
and perquisites applicable to Executive from the greater of (A) the employee
benefits and perquisites provided by the Company (including its subsidiaries
and the Parent) to executives with comparable duties or (B)

3

 

the employee benefits and perquisites to which Executive was entitled
immediately prior to the date on which a Change of Control occurs; or

     (5) a change in the location of Executive’s principal place of
employment by the Company (including its subsidiaries and the Parent) by
more than 60 miles from the location where he was principally employed
immediately prior to the date on which a Change of Control occurs; provided,
however, that such change in the location of Executive’s principal place of
employment shall not constitute a Change In Duties if the decision to
relocate was mutually acceptable to Executive and the Company prior to such
change in location.

     “Change of Control” shall be deemed to have occurred upon any of the following events:

     (i) any “person” (as defined in Section 3(a)(9) of the Exchange Act, and as
modified in Section 13(d) and 14(d) of the Exchange Act) other than (i) the Majority
Holders, (ii) any Majority Holder, (iii) any Affiliate of the Parent, (iv) any
employee benefit plan of the Parent or any of its subsidiaries, (v) a company owned,
directly or indirectly, by stockholders of the Parent in substantially the same
proportions as their ownership of the Parent, (vi) an underwriter temporarily
holding securities pursuant to an offering of such securities or (vii) those
“persons” who beneficially own securities of the Parent on the Effective Date (a
“Person”), becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange
Act), directly or indirectly, of securities of the Parent representing more than 25%
of the shares of voting stock of the Parent then outstanding; provided, however,
that a Change of Control shall not occur pursuant to this clause if (i) it is in
connection with an initial public offering of the Parent’s common stock or (ii) at
such time as such Person acquires or gains such ownership or control, any of the
Majority Holders has a percentage ownership of the combined voting power of the
outstanding common stock of the Parent that is greater than such Person;

     (ii) the consummation of any merger, organization, business combination or
consolidation of the Parent or one of its subsidiaries with or into any other
entity, other than a merger, reorganization, business combination or consolidation,
which would result in the holders of the voting securities of the Parent outstanding
immediately prior thereto holding securities which represent immediately after such
merger, reorganization, business combination or consolidation more than 50% of the
combined voting power of the voting securities of the Parent or the surviving
company or the parent of such surviving company; provided, however, that a Change of
Control shall not occur pursuant to this clause (ii) as a result of any transaction
entered into in connection with the initial public offering of common stock of the
Parent;

     (iii) the consummation of a sale or disposition by WRI of all or substantially
all of WRI’s assets, other than a sale or disposition if the holders of

4

 

the voting securities of the Parent outstanding immediately prior thereto hold
securities immediately thereafter which represent more than 50% of the combined
voting power of the voting securities of the acquiror, or parent of the acquiror, of
such assets;

     (iv) the stockholders of the Parent approve a plan of complete liquidation or
dissolution of the Parent; or

     (v) individuals who, as of the Effective Date, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of
the Board; provided, however, that any individual becoming a director subsequent to
the Effective Date whose election to the Board was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as
though such individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a result
of an election contest with respect to the election or removal of directors or other
solicitation of proxies or consents by or on behalf of a person other than the
Board.

     (h) “Change of Control Period” means, with respect to a Change of Control, the
two-year period beginning on the date upon which such Change of Control occurs.

     (i) “Code” means the Internal Revenue Code of 1986, as amended.

     (j) “Compensation Committee” means the Compensation Committee of the Board.

     (k) “Disability” means that, as a result of Executive’s incapacity due to
physical or mental illness, he shall have been absent from the full-time performance of his
duties for six consecutive months and he shall not have returned to full-time performance of
his duties within 30 days after written notice of termination is given to Executive by the
Company (provided, however, that such notice may not be given prior to 30 days before the
expiration of such six-month period).

     (l) “Effective Date” means ___, 2005.

     (m) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     (n) “Involuntary Termination” means any termination of Executive’s employment
with the Company which:

     (i) does not result from a resignation by Executive (other than a resignation
pursuant to clause (ii) of this Section 1.1(n)); or

     (ii) results from a resignation by Executive on or before the date which is 60
days after the date upon which Executive receives notice of a Change in Duties;

5

 

provided, however, that the term “Involuntary Termination” shall not include a termination
for Cause or any termination as a result of death or Disability.

     (o) “Majority Holders” means Paul L. Foster, Jeff A. Stevens, Ralph A. Schmidt,
Scott D. Weaver, RHC Holdings, L.P. and WRC Refining Company.

     (p) “Monthly Severance Amount” means an amount equal to one-twelfth of
Executive’s Annual Compensation.

     (q) “Parent” means Western Refining, Inc.

     (r) “Severance Amount” means an amount equal to two times Executive’s Annual
Compensation.

     (s) “Severance Period” means the period commencing on the date of Involuntary
Termination and continuing for 24 months thereafter.

     (t) “WRI” means the Company and its Affiliates, including, without limitation, the
Parent

     1.2 Interpretations. In this Agreement, unless a clear contrary intention appears,
(a) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this
Agreement as a whole and not to any particular Article, Section or other subdivision, (b) reference
to any Article or Section means such Article or Section hereof, (c) the words “including” (and with
correlative meaning “include”) means including, without limiting the generality of any description
preceding such term and (d) where any provision of this Agreement refers to action to be taken by
either party, or which such party is prohibited from taking an action, such provision shall be
applicable whether such action is taken directly or indirectly by such party.

ARTICLE 2 : EMPLOYMENT AND DUTIES

     2.1 Employment. Effective as of the Effective Date and continuing for the period of
time set forth in Section 3.1 of this Agreement, Executive’s employment by the Company
shall be subject to the terms and conditions of this Agreement.

     2.2 Positions. From and after the Effective Date, the Company shall employ Executive
in the position of President and Chief Executive Officer of the Company and shall cause the Parent
to employ President and Chief Executive Officer and Secretary of the Parent, or in such other
positions as the parties may mutually agree.

     2.3 Duties and Services. Executive agrees to serve in the position(s) referred to in Section 2.2 and to perform
diligently the duties and services appertaining to such offices, as well as such additional duties
and services appropriate to such offices which the parties mutually may agree upon from time to
time. Executive’s employment shall also be subject to the policies maintained and established by
the Company and the Parent that are of general applicability to the Company’s and the Parent’s
employees, as such policies may be amended from time to time.

6

 

     2.4 Other Interests. Executive agrees, during the period of such employment by the
Company, to devote substantially all of Executive’s business time, energy and efforts to the
business and affairs of WRI.

     2.5 Duty of Loyalty. Executive acknowledges and agrees that Executive owes a
fiduciary duty of loyalty to act at all times in the best interests of the Company and the Parent.
In keeping with such duty, Executive shall make full disclosure to the Company and the Parent of
all business opportunities pertaining to the Company’s and the Parent’s businesses and shall not
appropriate for Executive’s own benefit business opportunities concerning the Company’s and the
Parent’s businesses.

ARTICLE 3 : TERM AND TERMINATION OF EMPLOYMENT

     3.1 Term. Unless sooner terminated pursuant to other provisions hereof, the Company
agrees to employ Executive for the period beginning on the Effective Date and ending on the third
anniversary of the Effective Date (the “Initial Expiration Date”); provided, however, that
beginning on the Initial Expiration Date, and on each anniversary of the Initial Expiration Date
thereafter, if this Agreement has not been terminated pursuant to Section 3.2 or
3.3, then said term of employment shall automatically be extended for an additional
one-year period unless on or before the date that is 180 days prior to the Initial Expiration Date
or any anniversary thereof either party shall give written notice to the other that no such
automatic extension shall occur.

     3.2 The Company’s Right To Terminate. Notwithstanding the provisions of Section
3.1, the Company shall have the right to terminate Executive’s employment under this Agreement
at any time for any of the following reasons:

     (a) upon Executive’s death;

     (b) upon Executive’s Disability;

     (c) for Cause; or

     (d) for any other reason whatsoever, in the sole discretion of the board of managers of
the Company.

     3.3 Executive’s Right To Terminate. Notwithstanding the provisions of Section
3.1 Executive shall have the right to terminate his employment under this Agreement for any of
the following reasons:

     (a) as a result of a Change In Duties; provided, however, that prior to Executive’s
termination as a result of a Change In Duties, Executive must give written notice to the
Company of the specific occurrence that resulted in the Change In Duties and such occurrence
must remain uncorrected for 10 calendar days following such written notice; or

     (b) at any time for any other reason whatsoever, in the sole discretion of Executive.

7

 

     3.4 Notice Of Termination. If the Company desires to terminate Executive’s employment
hereunder at any time prior to expiration of the term of employment as provided in Section
3.1, it shall do so by giving written notice to Executive that it has elected to terminate
Executive’s employment hereunder and stating the effective date and reason for such termination,
provided that no such action shall alter or amend any other provisions of this Agreement or rights
arising under this Agreement. If Executive desires to terminate his employment hereunder at any
time prior to expiration of the term of employment as provided in Section 3.1, he shall do
so by giving a 30-day written notice to the Company that he has elected to terminate his employment
hereunder and stating the effective date and reason for such termination, provided that no such
action shall alter or amend any other provisions of this Agreement or rights arising under this
Agreement.

     3.5 Deemed Resignations. Any termination of Executive’s employment shall constitute
an automatic resignation of Executive as an officer and director (if applicable) of the Company and
each of its Affiliates, unless Executive owns at least 10% of the issued and outstanding common
stock of the Parent, in which case such resignation shall not be deemed an automatic resignation of
Executive from the Board, and from the board of directors or similar governing body of any
corporation, limited liability company or other entity in which WRI holds an equity interest and
with respect to which board or similar governing body Executive serves as WRI’s designee or other
representative.

ARTICLE 4 : COMPENSATION AND BENEFITS

     4.1 Base Salary. During the period of this Agreement, Executive shall receive a
minimum Annual Base Salary of $675,000. Executive’s Annual Base Salary shall be reviewed by the
Compensation Committee on an annual basis, and, in the sole discretion of the Compensation
Committee, such Annual Base Salary may be increased, but not decreased, effective as of any date
determined by the Compensation Committee. Executive’s Annual Base Salary shall be paid in equal
installments in accordance with the Company’s standard policy regarding payment of compensation to
executives but no less frequently than monthly.

     4.2 Bonuses. Executive shall be eligible to participate in the Company’s and the
Parent’s annual bonus plan or plans applicable to Executive as approved from time to time by the
Board or the Compensation Committee in amounts to be determined by the Compensation Committee based
upon criteria established by the Compensation Committee.

     4.3 Other Perquisites. During the Executive’s employment hereunder, Executive shall
be afforded the following benefits as incidences of his employment:

     (a) Business and Entertainment Expenses. Subject to the Company’s standard
policies and procedures with respect to expense reimbursement as applied to its employees
generally, the Company shall no less frequently than monthly reimburse Executive for, or pay
on behalf of Executive, reasonable and appropriate expenses incurred by Executive for
business related purposes, including dues and fees to industry and professional
organizations and costs of entertainment and business development.

8

 

     (b) Vacation. During his employment hereunder, Executive shall be entitled to
three (3) weeks of paid vacation each calendar year (or such greater amount of vacation as
provided to employees or executives of the Company generally) and to all holidays provided
to employees of the Company generally.

     (c) Automobile. The Company shall pay Executive $750 per month as a car
allowance.

     (d) Club Dues. The Company shall pay executive’s membership dues to the El
Paso Country Club or such other comparable country club as the Company and Executive agree.

     (e) Other Company Benefits. Executive and, to the extent applicable,
Executive’s spouse, dependents and beneficiaries, shall be allowed to participate in all
benefits, plans and programs, including improvements or modifications of the same, which are
now, or may hereafter be, available to other executives or employees of the Company or the
Parent. Such benefits, plans and programs shall include, without limitation, any profit
sharing plan, thrift plan, health insurance or health care plan, life insurance, disability
insurance, pension plan, supplemental retirement plan, vacation and sick leave plan, and the
like which may be maintained by the Company or the Parent. Neither the Company nor the
Parent shall, however, by reason of this paragraph be obligated to institute, maintain or
refrain from changing, amending or discontinuing any such benefit plan or program, as long
as such changes are similarly applicable to employees generally.

ARTICLE 5 : EFFECT OF TERMINATION ON

COMPENSATION; ADDITIONAL PAYMENTS

     5.1 Termination Other Than an Involuntary Termination. If Executive’s employment
hereunder shall terminate upon expiration of the term provided in Section 3.1 hereof
because either party has provided the notice contemplated in such section, or if Executive’s
employment hereunder shall terminate for any other reason except those described in Sections
5.2 and 5.3, then all compensation and all benefits to Executive under this Agreement
shall continue to be provided until the date of such termination of employment, and such
compensation and benefits shall terminate contemporaneously with such termination of employment.

     5.2 Involuntary Termination Other Than During a Change of Control Period. If
Executive’s employment by the Company, the Parent or any subsidiary thereof or successor thereto
shall be subject to an Involuntary Termination which occurs prior to a Change of Control or after
the expiration of a Change of Control Period, then the Company shall, as additional compensation
for services rendered to the Company (including its subsidiaries and the Parent), pay to Executive
the following amounts and take the following actions after the last day of Executive’s employment
with the Company:

     (a) Pay Executive the Monthly Severance Amount on the first day of each month
throughout the Severance Period; provided, however, that if commencement of such payments
would cause any part of the Monthly Severance Amount to be subject to

9

 

additional taxes and interest under Section 409A of the Code, then the payment of the Monthly Severance Amount
shall be deferred to the earliest date upon which such payments can commence without being
subject to such additional taxes and interest, and the first payment of the Monthly
Severance Amount shall include all amounts that would have been paid prior to the date of
such payment but for the deferral required pursuant to this sentence.

     (b) Cause Executive and those of his dependents (including Executive’s spouse) who were
covered under the Company’s or the Parent’s medical and dental benefit plans on the day
prior to Executive’s Involuntary Termination to continue to be covered under such plans (or
to receive equivalent benefits) throughout the Severance Period at no greater cost to
Executive than that applicable to a similarly situated Company or Parent employee who has
not terminated employment; provided, however, that

     (i) such coverage shall terminate if and to the extent Executive becomes
eligible to receive medical and dental coverage from a subsequent employer (and any
such eligibility shall be promptly reported to the Company by Executive),

     (ii) if Executive (and/or Executive’s spouse) would have been entitled to
retiree medical and/or dental coverage under the Company’s or the Parent’s plans had
Executive voluntarily retired on the date of such Involuntary Termination, then such coverages shall be continued as provided under such
plans, and

     (iii) such coverage to Executive (or the receipt of equivalent benefits) shall
be provided under one or more insurance policies so that reimbursement or payment of
benefits to Executive thereunder shall not result in taxable income to Executive
(or, if any such reimbursement or payment of benefits is taxable, then the Company
shall pay to Executive an amount as shall be required to hold Executive harmless
from any additional tax liability (including liability under Section 409A of the
Code) resulting from the failure by the Company to so provide insurance policies so
that reimbursement or payment of benefits to Executive thereunder shall not result
in taxable income to Executive).

     5.3 Involuntary Termination During a Change of Control Period. If Executive’s
employment by the Company, any subsidiary thereof, the Parent or any successor to any of the
foregoing shall be subject to an Involuntary Termination during a Change of Control Period, then
the Company shall, as additional compensation for services rendered to the Company (including its
subsidiaries and the Parent), pay to Executive the following amounts and take the following actions
after the last day of Executive’s employment with the Company:

     (a) Pay Executive a lump sum cash payment in an amount equal to the Severance Amount on
or before the fifth day after the last day of Executive’s employment with the Company;
provided, however, that if the lump sum cash payment would be subject to additional taxes
and interest under Section 409A of the Code, then

10

 

payment of the lump sum cash payment shall
be deferred to the earliest date upon which such amount can be paid without being subject to
such additional taxes and interest.

     (b) Cause any and all outstanding options and other non-vested awards under the
Parent’s Long-Term Incentive Plan, which are held by Executive, to become immediately
exercisable in full and cause Executive’s accrued benefits under any and all nonqualified
deferred compensation plans sponsored by the Company or the Parent to become immediately
nonforfeitable.

     (c) Cause Executive and those of his dependents (including Executive’s spouse) who were
covered under the Company’s or the Parent’s medical and dental benefit plans on the day
prior to Executive’s Involuntary Termination to continue to be covered under such plans (or
to receive equivalent benefits) throughout the Severance Period at no greater cost to
Executive than that applicable to a similarly situated Company or Parent employee who has
not terminated employment; provided, however, that

     (i) such coverage shall terminate if and to the extent Executive becomes
eligible to receive medical and dental coverage from a subsequent employer (and any
such eligibility shall be promptly reported to the Company by Executive),

     (ii) if Executive (and/or Executive’s spouse) would have been entitled to
retiree medical and/or dental coverage under the Company’s or the Parent’s plans had
Executive voluntarily retired on the date of such Involuntary Termination, then such
coverages shall be continued as provided under such plans, and

     (iii) such coverage to Executive (or the receipt of equivalent benefits) shall
be provided under one or more insurance policies so that reimbursement or payment of
benefits to Executive thereunder shall not result in taxable income to Executive
(or, if any such reimbursement or payment of benefits is taxable, then the Company
shall pay to Executive an amount as shall be required to hold Executive harmless
from any additional tax liability (including liability under Section 409A of the
Code) resulting from the failure by the Company to so provide insurance policies so
that reimbursement or payment of benefits to Executive thereunder shall not result
in taxable income to Executive).

     5.4 Interest on Late Payments. If any payment provided for in Section 5.2 or
Section 5.3 hereof is not made when due, then the Company shall pay to Executive interest
on the amount payable from the date that such payment should have been made under such Section
until such payment is made, which interest shall be calculated at 2% plus the prime or base rate of
interest as reported from time to time in the Wall Street Journal, and shall further hold Executive
harmless from any liability under Section 409A of the Code.

     5.5 Parachute Payments. Notwithstanding anything to the contrary in this Agreement,
if Executive is a “disqualified individual” (as defined in Section 280G(c) of the Code), and the

11

 

benefits provided for in this Article, together with any other payments and benefits which
Executive has the right to receive from WRI, would constitute a “parachute payment” (as defined in
Section 280G(b)(2) of the Code), then the benefits provided hereunder (beginning with any benefit
to be paid in cash hereunder) shall be either (1) reduced (but not below zero) so that the present
value of such total amounts and benefits received by Executive from the Company will be one dollar
($1.00) less than three times Executive’s “base amount” (as defined in Section 280G(b)(3) of the
Code) and so that no portion of such amounts and benefits received by Executive shall be subject to
the excise tax imposed by Section 4999 of the Code or (2) paid in full, whichever produces the
better net after-tax position to Executive (taking into account any applicable excise tax under
Section 4999 of the Code and any other applicable taxes). The determination as to whether any such
reduction in the amount of the benefits provided hereunder is necessary shall be made by the
Compensation Committee in good faith. If a reduced cash payment is made and through error or
otherwise that payment, when aggregated with other payments and benefits from WRI used in
determining if a “parachute payment” exists, exceeds one dollar ($1.00) less than three times
Executive’s base amount, then Executive shall immediately repay such excess to the Company upon
notification that an overpayment has been made. Nothing in this Section 5.5 shall require
the Company to be responsible for, or have any liability or obligation with respect to, Executive’s
excise tax liabilities under Section 4999 of the Code.

     5.6 Liquidated Damages. In light of the difficulties in estimating the damages for an
early termination of Executive’s employment under this Agreement, the Company and Executive hereby
agree that the payments, if any, to be received by Executive pursuant to this Article 5
shall be received by Executive as liquidated damages.

     5.7 Other Benefits. This Agreement governs the rights and obligations of Executive
and the Company with respect to Executive’s base salary and certain perquisites of employment.
Except as expressly provided herein, Executive’s rights and obligations both during the term of his
employment and thereafter with respect to stock options, restricted stock, incentive and deferred
compensation, life insurance policies insuring the life of Executive and other benefits under the
plans and programs maintained by the Company or the Parent shall be governed by the separate
agreements, plans and other documents and instruments governing such matters.

ARTICLE 6 : PROTECTION OF CONFIDENTIAL INFORMATION

     6.1 Disclosure to and Property of the Company. All information, designs, ideas,
concepts, improvements, product developments, discoveries and inventions, whether patentable or
not, that are conceived, made, developed or acquired by Executive, individually or in conjunction
with others, during the period of Executive’s employment by the Company (whether during business
hours or otherwise and whether on the Company’s premises or otherwise) that relate to WRI’s
business, trade secrets, products or services (including, without limitation, all such information
relating to corporate opportunities, product specification, compositions, manufacturing and
distribution methods and processes, research, financial and sales data, pricing terms, evaluations,
opinions, interpretations, acquisition prospects, the identity of customers or their requirements,
the identity of key contacts within a customer’s organizations or within the organization of
acquisition prospects, marketing and merchandising techniques, business plans, computer software or
programs, computer software and database technologies, prospective

12

 

names and marks) (collectively, the “Confidential Information”) shall be disclosed to WRI and are and shall be the sole and
exclusive property of WRI. Moreover, all documents, videotapes, written presentations, brochures,
drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications,
computer programs, e-mail, voice mail, electronic databases, maps, drawings, architectural
renditions, models and all other writings or materials of any type embodying any of such
information, ideas, concepts, improvements, discoveries, inventions and other similar forms of
expression (collectively, “Work Product”) are and shall be the sole and exclusive property
of WRI. Upon Executive’s termination of employment with the Company, for any reason, Executive
shall promptly deliver such Confidential Information and Work Product, and all copies thereof, to
WRI.

     6.2 Disclosure to Executive. WRI has and will disclose to Executive, or place
Executive in a position to have access to or develop, Confidential Information and Work Product of
WRI; and/or has and will entrust Executive with business opportunities of WRI; and/or has and will place Executive in a
position to develop business goodwill on behalf of WRI. Executive agrees to preserve and protect
the confidentiality of all Confidential Information or Work Product of WRI.

     6.3 No Unauthorized Use or Disclosure. Executive agrees that he will not, at any time
during or after Executive’s employment by the Company, make any unauthorized disclosure of, and
will prevent the removal from WRI’s premises of, Confidential Information or Work Product of WRI,
or make any use thereof, except in the carrying out of Executive’s responsibilities during the
course of Executive’s employment with the Company. Executive shall use commercially reasonable
efforts to cause all persons or entities to whom any Confidential Information shall be disclosed by
him under this Agreement to observe the terms and conditions set forth herein as though each such
person or entity was bound hereby. Executive shall have no obligation under this Agreement to keep
confidential any Confidential Information if and to the extent that disclosure thereof is
specifically required by law; provided, however, that in the event disclosure is required by
applicable law, Executive shall provide WRI with prompt notice of such requirement prior to making
any such disclosure so that WRI may seek an appropriate protective order. At the request of WRI at
any time, Executive agrees to deliver to WRI all Confidential Information that he may possess or
control. Executive agrees that all Confidential Information of WRI (whether now or hereafter
existing) conceived, discovered or made by him during the period of Executive’s employment by the
Company exclusively belongs to WRI (and not to Executive), and Executive will promptly disclose
such Confidential Information to WRI and perform all actions reasonably requested by WRI to
establish and confirm such exclusive ownership. Affiliates of the Company, including, without
limitation, the Parent, shall be third-party beneficiaries of Executive’s obligations under this
Article 6. As a result of Executive’s employment by the Company, Executive may also from
time to time have access to, or knowledge of, Confidential Information or Work Product of third
parties, such as customers, suppliers, partners, joint venturers and the like, of WRI. Executive
also agrees to preserve and protect the confidentiality of such third-party Confidential
Information and Work Product to the same extent, and on the same basis, as WRI’s Confidential
Information and Work Product.

     6.4 Ownership by the Company. If, during Executive’s employment by the Company,
Executive creates any work of authorship fixed in any tangible medium of expression

13

 

that is the subject matter of copyright (such as videotapes, written presentations, computer programs, e-mail,
voice mail, electronic databases, drawings, maps, architectural renditions, models, manuals,
brochures or the like) relating to the Company’s business, products or services, whether such work
is created solely by Executive or jointly with others (whether during business hours or otherwise
and whether on the Company’s premises or otherwise), including any Work Product, the Company shall
be deemed the author of such work if the work is prepared by Executive in the scope of Executive’s
employment; or, if the work is not prepared by Executive within the scope of Executive’s employment
but is specially ordered by the Company as a contribution to a collective work, as a part of an
audiovisual work, as a translation, as a supplementary work, as a compilation, or as an
instructional text, then the work shall be considered to be work made-for-hire, and the Company
shall be the author of the work. If such work is neither prepared by Executive within the scope
of Executive’s employment nor a work specially ordered that is deemed to be a work
made-for-hire, then Executive hereby agrees to assign, and by these presents does assign, to the
Company all of Executive’s worldwide right, title and interest in and to such work and all rights
of copyright therein.

     6.5 Assistance By Executive. During the period of Executive’s employment by the
Company and thereafter, Executive shall reasonably assist the Company and its nominee, at any time,
in (a) the protection of WRI’s worldwide right, title and interest in and to Work Product, (b) the
execution of all formal assignment documents requested by WRI or its nominee and (c) the execution
of all lawful oaths and applications for patents and registration of copyright in the United States
and foreign countries.

     6.6 Remedies. Executive acknowledges that money damages would not be a sufficient
remedy for any breach of this Article 6 by Executive, and WRI shall be entitled to enforce
the provisions of this Article 6 by terminating payments then owing to Executive under this
Agreement or otherwise and to specific performance and injunctive relief as remedies for such
breach or any threatened breach. Such remedies shall not be deemed to be the exclusive remedies
for a breach of this Article 6 but shall be in addition to all remedies available at law or
in equity, including the recovery of damages from Executive and his agents.

ARTICLE 7 : NON-COMPETE

     7.1 Acknowledgments. Executive acknowledges that WRI has engaged, and that WRI will
continue to engage, in the business of refining, transporting and/or marketing (either wholesale or
retail) petroleum products by pipeline, truck or other methods (the “Business”) in (a) that portion
of Texas which is West of U.S. Interstate Highway 35 (as it may be renamed or redesignated in the
future), (b) New Mexico, (c) Arizona and (d) Juarez, Mexico (collectively, the “Territory”).

     7.2 Restriction. Employee covenants and agrees that, during the term of Employee’s
employment with the Company and for a period of twenty-four (24) months following the termination
of such employment (the “Restricted Period”), for any reason, Executive will not:

     (a) directly or indirectly (whether as principal, agent, independent contractor,
partner or otherwise) own, manage, operate, control, participate in, perform services for or
otherwise carry on a business similar to or competitive with the Business anywhere in

14

 

the Territory or in any other state in the United States in which WRI or any Affiliate of WRI
has refined or sold petroleum products within the period of twelve (12) months prior to the
termination of such employment; or

     (b) induce or attempt to persuade any employee, agent, customer or supplier of WRI or
any Affiliate of WRI to terminate such employment, agency or business relationship in order
to enter into any such relationship on behalf of any other business organization.

     7.3 Stock Ownership. Notwithstanding anything in this Article 7 to the
contrary, Executive shall not be prohibited from owning in excess of 2% in the aggregate of any
class of capital stock of any corporation if such stock is publicly traded and listed on any
national or regional stock exchange or on the NASDAQ market system.

ARTICLE 8 : MISCELLANEOUS

     8.1 Indemnification. If Executive shall obtain any money judgment or otherwise
prevail with respect to any litigation brought by Executive or the Company to enforce or interpret
any provision contained herein, the Company, to the fullest extent permitted by applicable law,
hereby indemnifies Executive for his reasonable attorneys’ fees, other reasonable professional fees
and disbursements incurred in such litigation and hereby agrees (i) to pay in full all such fees
and disbursements and (ii) to pay prejudgment interest on any money judgment obtained by Executive
from the earliest date that payment to him should have been made under this Agreement until such
judgment shall have been paid in full, which interest shall be calculated at 2% plus the prime or
base rate of interest as reported from time to time in the Wall Street Journal.

     8.2 Payment Obligations Absolute. Except as specifically provided in Section
6.6, the Company’s obligation to pay (or cause one of its subsidiaries or the Parent to pay)
Executive the amounts and to make the arrangements provided in this Agreement shall be absolute and
unconditional and shall not be affected by any circumstances, including, without limitation, any
set-off, counterclaim, recoupment, defense or other right which the Company (including its
subsidiaries and the Parent) may have against him or anyone else. All amounts payable by the
Company (including its subsidiaries and the Parent hereunder) shall be paid without notice or
demand. Executive shall not be obligated to seek other employment in mitigation of the amounts
payable or arrangements made under any provision of this Agreement, and, except as provided in
Section 5.2(b) or 5.3(c) hereof, the obtaining of any such other employment shall
in no event effect any reduction of the Company’s obligations to make (or cause to be made) the
payments and arrangements required to be made under this Agreement.

     8.3 Notices. For purposes of this Agreement, notices and all other communications
provided in this Agreement shall be in writing and shall be deemed to have been duly given when
personally delivered or when mailed by United States registered or certified mail, return receipt
requested, postage prepaid, or when sent by recognized overnight delivery service, addressed as
follows:

If to the Company :

15

 

Western Refining GP, LLC

6500 Trowbridge Drive

El Paso, Texas 79905

Attention: Chairman of the Board of Directors

If to Executive :

c/o Western Refining, Inc.

6500 Trowbridge Drive

El Paso, Texas 79905

or to such other address as either party may furnish to the other in writing in accordance
herewith, except that notices or changes of address shall be effective only upon receipt.

     8.4 Applicable Law. This Agreement is entered into under, and shall be governed for
all purposes by, the laws of the State of Texas, without reference to its choice of law provisions.

     8.5 No Waiver. No failure by either party hereto at any time to give notice of any
breach by the other party of, or to require compliance with, any condition or provision of this
Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or
at any prior or subsequent time.

     8.6 Severability. Any provision in this Agreement which is prohibited or
unenforceable in any jurisdiction by reason of applicable law shall, as to such jurisdiction, be
ineffective only to the extent of such prohibition or unenforceability without invalidating or
affecting the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

     8.7 Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which together will constitute one and the same
agreement.

     8.8 Withholding of Taxes and Other Employee Deductions. The Company may withhold from
any benefits and payments made pursuant to this Agreement all federal, state, city and other taxes
as may be required pursuant to any law or governmental regulation or ruling and all other normal
employee deductions made with respect to the Company’s employees generally.

     8.9 Headings. The paragraph headings have been inserted for purposes of convenience
and shall not be used for interpretive purposes.

     8.10 Gender and Plurals. Wherever the context so requires, the masculine gender
includes the feminine or neuter, and the singular number includes the plural and conversely.

     8.11 Assignment. This Agreement shall be binding upon and inure to the benefit of the
Company and any successor of the Company, by merger or otherwise. This Agreement shall also be
binding upon and inure to the benefit of Executive and his estate. If Executive shall die

16

 

prior to full payment of amounts due pursuant to this Agreement, such amounts shall be payable pursuant to
the terms of this Agreement to his estate. The Company may assign this Agreement to a successor
business, the Parent or any Affiliate or subsidiary of the Company upon written notice to
Executive. Executive shall not have any right to pledge, hypothecate, anticipate or assign this
Agreement or the rights hereunder, except by will or the laws of descent and distribution.

     8.12 Entire Agreement. This Agreement constitutes the entire agreement of the parties
with regard to the subject matter hereof, and contains all the covenants, promises,
representations, warranties and agreements between the parties with respect to such subject matter.
Without limiting the scope of the preceding sentence, all understandings and agreements preceding
the date of execution of this Agreement and relating to the subject matter hereof are hereby null
and void and of no further force and effect, including, without limitation, all prior employment
and severance agreements, if any, by and between the Company and Executive. Any modification of
this Agreement will be effective only if it is in writing and signed by the party to be charged.

[SIGNATURE PAGE FOLLOWS]

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the
Effective Date.

	 	 	 	 	 
	 	 	THE COMPANY:
	 
	 	 	 	 
	 	 	WESTERN REFINING GP, LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	EXECUTIVE
	 
	 	 	 	 
	 	 	 
	 	 	Paul L.Foster

18

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