Document:

EX-10.1

 Exhibit 10.1 

TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

AMENDMENT NO. 1 TO 

PIPELINE AND GATHERING SERVICES AGREEMENT 

This AMENDMENT NO. 1 to the PIPELINE AND GATHERING SERVICES AGREEMENT (this “Amendment” and the agreement as so
amended, the “Agreement”), dated as of October 16, 2013, by and among Western Refining Company, L.P., a Delaware limited partnership, and Western Refining Southwest, Inc., an Arizona corporation (collectively,
“WNR”), on the one hand, and Western Refining Pipeline, LLC, a Delaware limited liability company (“WRPG”), on the other hand, is entered into by WNR and WRPG as of October 30, 2015. In
consideration of the covenants and obligations contained herein, the Parties to this Agreement hereby agree as set forth below. Capitalized terms used throughout this Amendment shall have the meanings set forth in the Agreement, unless otherwise
specifically defined herein. 
 ARTICLE 1 

AMENDMENTS 
 1.1
Amendments to Article 1. Article 1 is hereby amended to include or amend and restate, as applicable, each of the following definitions in appropriate alphabetical order: 

“Allocated TexNew Mex Movement Fee” means the per barrel fee set forth on Schedule 4.7 for the volumes WNR throughputs on the TexNew Mex
Pipeline Portion, subject to escalation of the TexNew Mex Tariff. 
 “Base TexNew Mex Invoice Amount” has the meaning set forth in
Section 7.1. 
 “Mainline Movement Fees” means the per barrel fees set forth on Schedule 4.2 for the volumes WNR throughputs on the
Pipeline and Gathering System (other than the TexNew Mex Pipeline). 
 “Minimum Commitments” means the Minimum Mainline Movement
Commitment, Minimum TexNew Mex Movement Commitment, Minimum Truck Offloading Commitment, Minimum Gathering and Injection Commitment, and Minimum Storage Reservation Commitment. 

  
 1 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 “Minimum TexNew Mex Movement Commitment” means the minimum TexNew Mex movement services on
the TexNew Mex Pipeline Portion set forth on Schedule 4.7; provided, however, that the Minimum TexNew Mex Movement Commitment during the Month of October 2015 shall be prorated in accordance with the ratio of the number of days including and
following October 30, 2015, to the total number of days in such Month. 
 “Minimum TexNew Mex Movement Fee” means, on a monthly basis,
the product of the Allocated TexNew Mex Movement Fee multiplied by the Minimum TexNew Mex Movement Commitment. 
 “Specified Services”
means the TexNew Mex movement services and the storage services with respect to the Star Lake Storage Tank provided pursuant to the terms of this Agreement. 

“Star Lake Storage Tank” means the 80,000 barrel crude oil storage tank located at WRPG’s crude oil pumping station in Star Lake, New
Mexico. 
 “TexNew Mex Credit” has the meaning set forth in Section 7.4(b). 

“TexNew Mex Excess Amounts” means the fee owed by WNR to WRPG for TexNew Mex movement volumes in excess of the Minimum TexNew Mex Movement
Commitment. 
 “Tex NewMex Pipeline” means the FERC-regulated pipeline extending from Western Refining Logistics, LP’s crude oil
station in Bisti, New Mexico in the Four Corners region to its T Station in Eddy County, New Mexico. 
 “TexNew Mex Pipeline Portion” means
that portion of the TexNew Mex Pipeline comprised of the approximate 375-mile segment of the FERC-regulated pipeline extending from Western Refining Logistics, LP’s crude oil station in Star Lake, New Mexico in the Four Corners region to its T
Station in Eddy County, New Mexico. 
 “TexNew Mex Shortfall Amount” has the meaning set forth in Section 7.2. 

“TexNew Mex Tariff” means the per barrel rate on file with the FERC that encompasses transportation of crude oil from Star Lake, New Mexico
to the T Station in New Mexico, as such tariff may be in effect from time to time, and the applicable rules and regulations tariff on file with the FERC for such movements. 

“TexNew Mex Units” has the meaning given such term in the Second Amended and Restated Agreement of Limited Partnership of Western Refining
Logistics, LP, a Delaware limited partnership, effective as of October 30, 2015. 

  
 2 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 1.2 Amendments to Section 3.1. Section 3.1 of the Agreement is hereby
amended and restated in its entirety as follows: 
 “3.1 Term. 

(a) The initial term of this Agreement shall commence on the Commencement Date and shall continue through October 16, 2023
with respect to all services other than the Specified Services (the “Initial Term”); provided, however, that the Initial Term may be extended for up to two (2) renewal terms of five (5) years each (each, an
“Extension Period”) upon the mutual agreement in writing of WRPG and WNR no less than ninety (90) days prior to the end of the Initial Term or the then-current Extension Period. The Initial Term, and any extensions of
this Agreement as provided above, shall be collectively referred to herein as the “Term”. 
 (b)
Notwithstanding Section 3.1(a), and whether or not the parties extend the Initial Term in accordance therewith, the initial term of this Agreement with respect to the Specified Services shall commence on October 30, 2015, and shall
continue through October 30, 2025, and any use of the term “Initial Term” or “Term” herein shall be deemed to refer to such period with respect to the provision of Specified Services by WRPG hereunder and the agreement and
obligations of the parties with respect thereto. For the avoidance of doubt, if the Term of this Agreement with respect to services other than the Specified Services terminates prior to October 30, 2015, then all of the parties rights and
obligations with respect to the provision of and payment for any services hereunder, including any obligations with respect to Minimum Commitments, other than with respect to the Specified Services, shall immediately terminate without any action by
any party (other than any rights or obligations triggered or incurred prior to such termination). 
 1.3 Amendments to
Section 4.1. Section 4.1 of the Agreement is hereby amended and restated in its entirety as follows: 

“4.1 Minimum Commitments. During the Term of this Agreement and subject to the terms and conditions of this
Agreement, each Month WNR shall: 
  

	 	(a)	Throughput (i) the Minimum Mainline Movement Commitment for which WNR shall pay a Minimum Mainline Movement Fee and (ii) the Minimum TexNew Mex Movement Commitment for which WNR shall pay a Minimum TexNew Mex
Movement Fee; 

  

	 	(b)	Offload the Minimum Truck Offloading Commitment for which WNR shall pay a Minimum Truck Offloading Fee; 

  
 3 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

	 	(c)	Utilize gathering and injection services at the Minimum Gathering and Injection Commitment for which WNR shall pay a Minimum Gathering and Injection Fee; and 

 

	 	(d)	Reserve the Minimum Storage Reservation Commitment for which WNR shall pay a Minimum Storage Reservation Fee. 

For the avoidance of doubt, these are monthly system-wide fee commitments for the Pipeline and Gathering System. During the Term of this
Agreement and subject to the terms and conditions of this Agreement, each Month WRPG shall provide mainline movement services, TexNew Mex movement services, truck offloading services, gathering and injection services and storage services at the
Pipeline and Gathering System in no less than volumes covered under the Minimum Storage Reservation Commitment, the Minimum Mainline Movement Commitment, the Minimum TexNew Mex Movement Commitment, the Minimum Truck Offloading Commitment and the
Minimum Gathering and Injection Commitment, as applicable.” 
 1.4 Amendments to Section 4.7. Article IV is hereby amended
to add a new Section 4.7 as follows: 
 “4.7 TexNew Mex Movement Services; FERC Regulated Mainline
Movements. 
 (a) WRPG shall provide TexNew Mex movement services and WNR shall be charged rates for the TexNew Mex
movement services in accordance with the TexNew Mex Tariff. 
 (b) The following Articles and Sections, as applicable, shall
not apply to the TexNew Mex movement services or to any other services provided as of the date of this Agreement or at any point in the future utilizing any portion of the Pipeline and Gathering System that is subject to FERC regulation:
Section 5.1, Section 13.1(b), Section 13.1(c), Section 21.2 and Article 23. In addition Section 8.1 shall not apply to TexNew Mex movement services or to any other services provided as of the date of this Agreement or at any
point in the future utilizing any portion of the Pipeline and Gathering System that is governed by a FERC tariff. The TexNew Mex movement services are governed by the TexNew Mex Tariff, as are the rates for such services. The provisions of this
Agreement, other than those excluded two sentences prior, shall only apply to (i) the TexNew Mex movement services to the extent not inconsistent with the TexNew Mex Tariff and Applicable Law and (ii) to any mainline movement services or
other services provided as of the date of this Agreement or at any point in the future utilizing any portion of the Pipeline and Gathering System that is subject to FERC jurisdiction, to the extent not inconsistent with such FERC rules and
regulations and Applicable Law.” 

  
 4 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 1.5 Amendments to Section 6.2. Section 6.2 is hereby amended and restated in
its entirety as follows: 
 “6.2 Mainline Movement Fee Adjustments. The Mainline Movement Fees and the TexNew
Mex Tariff shall be adjusted on July 1 of each year at a rate equal to the percentage change in any inflationary index promulgated by the FERC, in accordance with the FERC’s indexing methodology. The Allocated TexNew Mex Movement Fee shall
be adjusted on July 1 of each year to the extent that the TexNew Mex Tariff is adjusted pursuant to this Agreement. If the FERC terminates its indexing methodology, such fees shall be adjusted by a percentage equal to the change in the Producer
Price Index for Finished Goods, seasonally adjusted, as published by the Department of Labor.” 
 1.6 Amendments to
Section 6.3. Section 6.3 is hereby amended and restated in its entirety as follows: 
 “6.3 Fee
Adjustment for Other Services. All fees set forth in this Agreement other than the Mainline Movement Fees, the TexNew Mex Tariff and the Allocated TexNew Mex Movement Fee, will be adjusted annually on July 1 of each year by a percentage
equal to the change in the Producer Price Index for Finished Goods, seasonally adjusted, as published by the Department of Labor; provided, however, that no such fee shall be decreased below the applicable initial minimum fee in effect as of the
Commencement Date.” 
 1.7 Amendments to Article VII. Article VII is hereby amended and restated in its entirety as follows:

 “7.1 Base Invoice Amount. WRPG shall invoice WNR for fees owed to WRPG monthly based upon (a) actual
mainline movements, truck offloading, gathering and injection and storage services utilized (the “Base Invoice Amount”) and (b) actual TexNew Mex movements pursuant to the TexNew Mex Tariff. For purposes of
Section 7.2, each invoice shall also reflect a calculation showing the Allocated TexNew Mex Movement Fee multiplied by the actual TexNew Mex movements for such month (the “Base TexNew Mex Invoice Amount”). 

7.2 Shortfall Amounts. If (a) the Base Invoice Amount is less than the total of the Minimum Mainline Movement Fee,
Minimum Truck Offloading Fee, Minimum Gathering and Injection Fee and Minimum Storage Reservation Fee for such Month, WRPG shall also invoice WNR for such difference (the “Shortfall Amount”) and (b) the Base
TexNew Mex Invoice Amount is less than the Minimum TexNew Mex Movement Fee for such Month, and taking into account any credit due WNR pursuant to Section 5.2, WRPG shall also invoice WNR for such difference (the “TexNew Mex Shortfall
Amount”). 

  
 5 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 7.3 Payment Terms. WNR shall pay all amounts due pursuant to Sections
6.1, 7.1, 7.2 and 15.1 within ten (10) calendar days after WNR’s receipt of WRPG’s invoices. Any undisputed past due payments owed by WNR to WRPG shall accrue interest, payable on demand, at a rate equal to the Prime Rate plus two
percent per annum from the due date of the payment through the actual date of payment. 
 7.4 Shortfall Credits. 

(a) The dollar amount of any Shortfall Amount attributable to mainline movements, truck offloading and gathering and injection
services (but not storage) paid by WNR shall be posted as a credit (a “Credit”) to WNR’s account and may be applied against any Excess Amounts owed by WNR during any of the succeeding twelve (12) Months. Credits
will be applied in the order in which such Credits accrue and any remaining portion of the Credit that is not used by WNR during the succeeding twelve (12) Months shall expire (e.g., a Credit that accrues in January 2016 will be
available through January 2017, will expire at the end of January 2017, and must be applied prior to applying any Credit which accrued in February 2016). 

(b) The dollar amount of any TexNew Mex Shortfall Amount paid by WNR shall be posted as a credit (a “TexNew Mex
Credit”) to WNR’s account and may be applied against any TexNew Mex Excess Amounts owed by WNR during any of the succeeding twelve (12) Months. TexNew Mex Credits will be applied in the order in which such TexNew Mex Credits
accrue and any remaining portion of the TexNew Mex Credit that is not used by WNR during the succeeding twelve (12) Months shall expire (e.g., a TexNew Mex Credit that accrues in January 2016 will be available through January 2017, will
expire at the end of January 2017, and must be applied prior to applying any TexNew Mex Credit which accrued in February 2016).” 
 1.8
Amendments to Schedules. 
 (a) Each of Schedule 1.1, Schedule 4.2, Schedule 4.3, Schedule 4.4, Schedule 4.5 and
Schedule 22.3 are hereby amended and restated as set forth on Exhibit A hereto. 
 (b) The Agreement is hereby amended
to add a new Schedule 4.7, as set forth on Exhibit B hereto. 

  
 6 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 ARTICLE 2 

MISCELLANEOUS 
 2.1
Ratification of the Agreement. Except as otherwise provided in this Amendment, all of the terms, representations, warranties, agreements, covenants and other provisions of the Agreement are hereby ratified and confirmed and shall continue to
be in full force and effect in accordance with their respective terms. 
 2.2 Entire Agreement; Supersedure. This Amendment, together
with the Agreement, contains the entire agreement among the Parties with respect to the subject matter hereof and thereof and supersedes all previous understandings or agreements among the Parties, whether oral or written, with respect to their
subject matter. No understanding, representation, promise, agreement, inducement or statement of intention, whether oral or written, has been made by either Party which is not embodied in or superseded by this Amendment or the Agreement, unless it
is contained in a written amendment of the Agreement executed by the Parties after the execution and delivery of this Amendment, and no Party shall be bound by or liable for any alleged representation, promise, agreement, inducement or statement of
intention not set forth in this Amendment or the Agreement. 
 2.3 Counterparts. This Amendment may be executed in one or more
counterparts (including by facsimile or portable document format (pdf)) for the convenience of the Parties hereto, each of which counterparts will be deemed an original, but all of which counterparts together will constitute one and the same
agreement. 
 [SIGNATURE PAGES FOLLOW] 

  
 7 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of the date first written
above. 
  

			
	WESTERN REFINING COMPANY, L.P.
		
	By:	 	Western Refining GP, LLC, its general partner
		
	By:	 	 /s/ Mark J. Smith

	Name:	 	Mark J. Smith
	Title:	 	President – Refining and Marketing
	
	WESTERN REFINING SOUTHWEST, INC.
		
	By:	 	 /s/ Mark J. Smith

	Name:	 	Mark J. Smith
	Title:	 	President – Refining and Marketing
	
	WESTERN REFINING PIPELINE, LLC
		
	By:	 	 /s/ Jeff A. Stevens

	Name:	 	Jeff A. Stevens
	Title:	 	President and Chief Executive Officer

  
 Signature Page –
Amendment No. 1 to Pipeline Agreement 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Exhibit A 

Schedule 1.1 
 Pipeline
and Gathering System 
  

	A.	Four Corners System 

 The Four Corners System includes: 

 

	 	1.	San Juan 6-inch Pipeline, a six-inch crude oil pipeline approximately 18 miles in length connecting the Bloomfield terminal operated by Western Refining Terminals, Inc. (“WRT”) to the Bisti crude oil station;

  

	 	2.	West 6-inch Pipeline, a six-inch crude oil pipeline approximately 77 miles in length connecting the Bisti crude oil station to WNR’s Gallup Refinery; 

 

	 	3.	TexNew Mex 16” Pipeline Segment, a 16-inch crude oil pipeline approximately 43 miles in length connecting the Bisti crude oil station to the Star Lake, New Mexico crude oil station; 

 

	 	4.	The TexNew Mex Pipeline Portion; 

  

	 	5.	East 6-inch Pipeline, a six-inch crude oil pipeline approximately 105 miles in length connecting the Pettigrew crude oil station to the Star Lake, New Mexico crude oil station and WNR’s Gallup Refinery;

  

	 	6.	Wingate 4-inch NGL Pipeline, a four-inch NGL pipeline approximately 14 miles in length connecting WNR’s NGL plant located in Gallup, New Mexico to WNR’s Gallup Refinery; and 

 

	 	7.	Other. The Bisti, Star Lake, Lybrook, and Pettigrew Stations combine to have (i) 21 crude oil storage and breakout tanks with a total combined capacity of 492,352 barrels; (ii) four truck receipt locations and
(iii) a connection point with the Navajo Nation Oil and Gas Company Running Horse pipeline. 

  

	B.	Permian/Delaware Basin System 

 The Permian/Delaware Basin System includes: 

 

	 	1.	Main 12-inch Pipeline, a 12-inch crude oil pipeline approximately 20 miles in length connecting the Mason Station crude oil facility to the T Station crude oil facility; 

  
 A-1 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

	 	2.	West 10-inch Pipeline and CR-285 Crude Oil Station, a 10-inch crude oil pipeline approximately 7 miles in length extending westward from the T Station crude oil facility and a two-bay truck loading and unloading
location with associated storage; 

  

	 	3.	East 10-inch Pipeline and CR-1 Crude Oil Station, a 10-inch crude oil pipeline approximately 12 miles in length extending eastward from the T Station crude oil facility and a two-bay truck loading and unloading location
and associated storage permitting; 

  

	 	4.	T Station Crude Oil Facility, a crude oil station including a staging tank; 

  

	 	5.	Mason Station Crude Oil Facility, a crude oil facility including two 80,000 barrel crude oil storage tanks, a seven-bay truck loading and unloading location and nine automatic custody transfer units; and

  

	 	6.	McCamey Crude Oil Station, located in Upton County, Texas including a four-bay truck rack and crude receipt tanks; and 

  

	 	7.	Riverbend 4-inch Gathering Pipeline, a four-inch crude oil pipeline approximately 2.5 miles in length connecting Riverbend crude oil tanks in Crane County, Texas owned by third parties to the Kinder Morgan Wink
pipeline. 

  

	 	8.	Western Gathering #1 6-inch Pipeline gathering system, including its 4-inch pipeline feeder extensions, which are, in the aggregate, approximately 7 miles in length extending from the CR-1 Crude Oil Station.

  

	 	9.	Western Gathering #2 6-inch Pipeline gathering system, including its 4-inch pipeline feeder extensions, which are, in the aggregate, approximately 6 miles in length extending from the CR-1 Crude Oil Station.

  
 A-2 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Schedule 4.2 

Minimum Mainline Movement Commitment and Mainline Movement Fees 

 

	 	A.	Permian/Delaware Basin System 

  

							
	 Service
	  	 Mainline
Movement Fee

(per barrel)
	  	Effective Date
– New
Mainline
Movement Fee
(per barrel)	  	Minimum
Mainline
Movement
Commitment
(barrels per
month)
	 Movement – T Station to Mason
	  	Per FERC Tariff	  	3/3/15	  	828,854
	 Movement – CR-1 to T Station for further service to Mason Station
	  	$ ***	  	5/1/15	  	—  
	 Movement – CR-285 to T Station for further service to Mason Station
	  	$ ***	  	5/1/15	  	—  
	 Movement – WR Gathering #1 Inject. to CR-1 for further service to Mason Station
	  	$ ***	  	4/1/15	  	—  
	 Movement – WR Gathering #2 Inject. to CR-1 for further service to Mason Station
	  	$ ***	  	4/1/15	  	—  

  
 A-3 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

	 	B.	Four Corners System 

  

							
	 Service
	  	 Mainline
Movement Fee

(per barrel)
	  	
Effective Date
– New Mainline
Movement Fee

(per barrel)
	  	Minimum Mainline
Movement
Commitment
(barrels per month)
	 Movement - Pettigrew Station to Gallup refinery
	  	$ ***	  	7/1/2014 (index)	  	17,142
	 Movement – Lybrook Station to Gallup refinery
	  	$ ***	  	7/1/2014 (index)	  	102,853
	 Movement – Lybrook Station to Star Lake for further service to Mason Station
	  	Per FERC Tariff	  	3/3/2015	  	—  
	 Movement - Bisti to Star Lake for further service to Mason Station
	  	Per FERC Tariff	  	3/3/2015	  	234,695
	 Movement - Bisti to Gallup refinery (East Line)
	  	$ ***	  	7/1/2014 (index)	  	234,695
	 Movement - Chaco Station to Bisti Station
	  	$ ***	  	7/1/2014 (index)	  	11,357
	 Movement - Bisti Station to Gallup refinery (West Line)
	  	$ ***	  	7/1/2014 (index)	  	254,741
	 Movement-Bisti Injection Station to Gallup refinery
	  	$ ***	  	7/1/2014 (index)	  	94,900
	 Movement - Blmfld Prod Term. To Bisti Inject. Or reverse
	  	$ ***	  	7/1/2014 (index)	  	95,023
	 Movement - Wingate to Gallup refinery (NGL liquids)
	  	$ ***	  	7/1/2014 (index)	  	29,565

  
 A-4 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Schedule 4.3 

Minimum Truck Offloading Commitment and Minimum Truck Offloading Fee 

 

	 	A.	Permian/Delaware Basin System 

  

							
	 Service
	  	Minimum
Truck
Offloading
Fee (per
barrel)	 	Effective Date –
Minimum Offloading
Fee
(per barrel)	  	Minimum Truck
Offloading
Commitment
(barrels per month)
	 Mason Station
	  	$***	 	7/1/2014
 (index)
	  	453,208
	 McCamey Stations
	  	$***	 	7/1/2014
 (index)
	  	241,508

  

	 	B.	Four Corners System 

  

							
	 Service
	  	Minimum
Gathering
and Injection
Fee
(per barrel)	 	Effective Date –
Minimum Offloading
Fee
(per barrel)	  	Minimum Gathering
and Injection
Commitment
(barrels per month)
	 Gathering (Truck Offloading)
	  	$***	 	7/1/2014
 (index)
	  	303,762

  
 A-5 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Schedule 4.4 

Minimum Gathering and Injection Commitment and Minimum Gathering and Injection Fee 

 

	 	A.	Permian/Delaware Basin System 

  

							
	 Service
	  	 Minimum

Gathering and

Injection Fee (per

barrel)
	  	Effective Date –
New Minimum
Gathering and
Injection Fee
(per barrel)	  	Minimum
Gathering and
Injection
Commitment
(barrels per
month)
	 Pipeline gathering injection in system at T
	  	$***	  	5/1/15	  	None
	 Pipeline gathering injection in system at any other location
	  	$***	  	7/1/2014
 (index)
	  	35,283

  

	 	B.	Four Corners System 

  

							
	 Service
	  	 Minimum

Gathering and

Injection Fee (per

barrel)
	  	Effective Date –
New Minimum
Gathering and
Injection Fee
(per barrel)	  	Minimum
Gathering and
Injection
Commitment
(barrels per
month)
	 Pipeline injection connection in system
	  	$***	  	7/1/2014
 (index)
	  	602,667

  
 A-6 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Schedule 4.5 

Minimum Storage Reservation Commitment and Minimum Storage Reservation Fee 

 

	 	A.	Permian/Delaware Basin System 

  

									
	 Service
	  	 Minimum Storage
Reservation Fee

(per barrel)
	  	 Effective Date –

New Minimum
Storage

Reservation
Fee
 (per
barrel)
	  	Minimum
Storage
Reservation
Commitment	  	Effective Date –
New Minimum
Storage
Reservation
	 Storage Tanks
	  	$***/month	  	 7/1/2014

(index)
	  	262,818
 barrels
	  	8/1/2015
		  		  		  	213,200
 barrels
	  	1/1/2015
		  		  		  	212,400
 barrels
	  	10/16/2013

  

	 	B.	Four Corners System 

  

									
	 Service
	  	 Minimum Storage
Reservation Fee

(per barrel)
	  	 Effective Date –

New Minimum
Storage

Reservation Fee
 (per
barrel)
	  	 Minimum

Storage
Reservation
Commitment
	  	Effective Date –
New Minimum
Storage
Reservation
	 Storage tanks
	  	$***/month	  	 7/1/2014

(index)
	  	405,446 barrels	  	1/1/2015
		  		  		  	407,306 barrels	  	6/1/2014
	 Star Lake Storage Tank
	  	$***/month	  	10/30/2015	  	79,906 barrels	  	10/30/2015

  
 A-7 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Schedule 22.3 

Stipulated Minimum Commitment 
  

	 	A.	Stipulated Minimum Mainline Movement Commitment – Permian/Delaware Basin System 

  

			
	 Service
	  	Stipulated Minimum
Mainline Movement
Commitment
(barrels per month)
	 Movement – T Station to Mason
	  	828,854

  

	 	B.	Stipulated Minimum Mainline Movement Commitment – Four Corners System 

  

			
	 Service
	  	Minimum Mainline
Movement
Commitment
(barrels per month)
	 Movement - Pettigrew Station to Gallup refinery
	  	17,142
	 Movement – Lybrook Station to Gallup refinery
	  	102,853
	 Movement – Lybrook Station to Star Lake for further service to Mason Station
	  	—  
	 Movement - Bisti to Star Lake for further service to Mason Station
	  	234,695
	 Movement - Bisti to Gallup refinery (East Line)
	  	234,695
	 Movement - Chaco Station to Bisti Station
	  	11,357
	 Movement - Bisti Station to Gallup refinery (West Line)
	  	254,741
	 Movement-Bisti Injection Station to Gallup refinery
	  	94,900
	 Movement - Blmfld Prod Term. To Bisti Inject. Or reverse
	  	95,023
	 Movement - Wingate to Gallup refinery (NGL liquids)
	  	29,565

  

	 	C.	Stipulated Minimum Truck Offloading Commitment – Permian/Delaware Basin System 

  

			
	 Service
	  	Stipulated Truck Offloading
Commitment
(barrels per month)
	 Gathering (Truck Offloading):
	  	
	 Mason Station
	  	453,208
	 McCamey Stations
	  	241,508

  
 A-8 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

	 	D.	Stipulated Minimum Truck Offloading Commitment – Four Corners System 

  

			
	 Service
	  	Stipulated Minimum Truck
Offloading Commitment
(barrels per month)
	 Gathering (Truck Offloading)
	  	303,762

  

	 	E.	Stipulated Minimum Gathering and Injection Commitment – Permian/Delaware Basin System 

  

			
	 Service
	  	Minimum Gathering and Injection
Commitment
(barrels per month)
	 Pipeline gathering injection into system
	  	35,283

  

	 	F.	Stipulated Minimum Gathering and Injection Commitment – Four Corners System 

  

			
	 Service
	  	Minimum Gathering and Injection
Commitment
(barrels per month)
	 Pipeline injection connection in system
	  	602,667

  

	 	G.	Stipulated Minimum Storage Reservation Commitment and Minimum Storage Reservation Fee – Permian/Delaware Basin System 

  

			
	 Service
	  	Minimum Storage Reservation Commitment
(barrels per month)
	 Storage tanks
	  	262,818 barrels

  
 A-9 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

	 	H.	Stipulated Minimum Storage Reservation Commitment and Minimum Storage Reservation Fee – Four Corners System 

  

			
	 Service
	  	Minimum Storage Reservation
Commitment
(barrels per month)
	 Storage tanks
	  	405,446 barrels

  

	 	I.	Stipulated Minimum Storage Reservation Commitment and Minimum Storage Reservation Fee – Star Lake 

  

			
	 Service
	  	Minimum Storage Reservation
Commitment
(barrels per month)
	 Storage tanks
	  	79,906 barrels

  
 A-10 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***). 

 

 Exhibit B 

Schedule 4.7 
  

							
	 Service
	  	Allocated TexNew
Mex Movement Fee	 	Effective Date –
TexNew Mex
Movement Fee
(per barrel)	  	Minimum TexNew
Mex Movement
Commitment
(barrels per day)
	 Movement(s) encompassing – Star Lake, to T Station in Eddy County
	  	$***	 	10/30/15	  	13,000

  
 B-1EX-10.23

 Exhibit 10.23 
  

 

							
	To	  	 Holders of Performance-Based Options
 and
Restricted Stock Units
	  		  	
	Subject	  	 Amendment of Equity Award
 Performance Vesting
Criteria
	  	Date	  	October         , 2015

 You are receiving this notice because you hold outstanding performance-based stock options and restricted stock units
(collectively, “Equity Awards”) granted under the Georgia Holdings, Inc. Management Equity Plan (the “Equity Plan”), pursuant to your applicable nonqualified stock option grant certificate(s) and restricted stock
unit grant certificate(s) (collectively, “Grant Certificates”). 
 As you know, a portion of your Equity Awards is subject to vesting based
on the achievement of certain performance targets, which are set forth on Exhibit A to your stock option Grant Certificate. 
 The Compensation Committee
(the “Committee”) of the Board of Directors of McGraw-Hill Education, Inc. (the “Company”) has decided to make two changes to the performance conditions of your Equity Awards: 

 

	 	(1)	Your performance targets have been adjusted to reflect the Company’s recent divesture of the assets comprising the custom state assessment and shelf businesses of CTB. 

The performance targets applicable to the performance-based vesting portion of your Equity Awards are hereby amended as shown in the tables on
Annex A attached hereto. 
 For your reference, the last page of this memorandum shows, in red, the performance targets in effect
prior to the adjustment. Those targets are no longer in effect. 
  

	 	(2)	You will have a special vesting opportunity for fiscal year 2015 in connection with the Company’s anticipated IPO. 

The performance-based vesting portion of your Equity Awards that is eligible to vest in respect of fiscal year 2015 will become immediately
vested upon the earliest of any of the following occurrences (each, an “IPO Vesting Date”), subject to your continued employment in active service by the Company or one of its Affiliates through the applicable IPO Vesting Date: 

 

	 	(a)	an IPO (as defined in the Equity Plan) occurs on or prior to March 31, 2016 and the “Enterprise Value” (as defined on Annex B attached hereto) of the Company determined as of the effective date of
the IPO is equal to or greater than                             ; 

	 	(b)	an IPO occurs on or prior to March 31, 2016 and the Enterprise Value of the Company for 30 consecutive trading days during the six-month period following the IPO is equal to or greater than
                            ; 

 

	 	(c)	an IPO occurs after March 31, 2016 but on or before March 31, 2017, and the Enterprise Value of the Company determined as of the effective date of the IPO is equal to or greater than
                            ; or 

 

	 	(d)	an IPO occurs after March 31, 2016 but on or before March 31, 2017, and the Enterprise Value of the Company determined for 30 consecutive trading days during the six-month period following the IPO is equal to
or greater than                             . 

As used herein, “effective date of the IPO” means the effective date of the closing of the IPO. 

This special vesting opportunity applies only to the performance-based vesting portion of your Equity Awards that is eligible to vest in respect of fiscal
year 2015, and will apply independent of the achievement of the EBITDA and Free Cash Flow targets for such year. This means that, if the Enterprise Value of the Company set forth in (a), (b), (c) and/or (d) above is achieved, the
performance-based vesting portion of your Equity Awards that is eligible to vest in respect of fiscal year 2015 will vest regardless of whether the EBITDA and Free Cash Flow targets for 2015 are achieved. 

* * * * 
 Your Equity Awards are hereby
amended to reflect the foregoing changes. Except as expressly provided above, the terms of your Grant Certificates are unaffected and remain in full force and effect. 

Please contact Elizabeth Gambino or me with any questions. 

 ANNEX A 

PERFORMANCE TARGETS 

 ANNEX B 

DEFINITION OF ENTERPRISE VALUE 

“Enterprise Value” shall mean the sum of Market Capitalization, Interest-Bearing Debt, Minority Interest and Preferred Stock, minus
Excess Cash. 
  

	 	(i)	“Market Capitalization” means Share Price (defined below) multiplied by the number of shares outstanding as of the date of determination (i.e., the effective date of the closing of the IPO or the
applicable trading date). 

  

	 	(ii)	“Share Price” means, with respect to any date of determination, the closing sale price of a Share as reported on the NYSE composite transactions reporting system for such date of determination. For
greater clarity: 

  

	 	(x)	For purposes of determining the Enterprise Value achieved as of the effective date of the IPO, the “Share Price” used shall equal the closing sale price of a Share as reported on the NYSE composite
transactions reporting system for the effective date of the IPO. 

  

	 	(y)	For purposes of determining the Enterprise Value achieved for 30 consecutive trading days, the Enterprise Value for any such trading day shall be calculated using a “Share Price” equal to the closing sale
price of a Share as reported on the NYSE composite transactions reporting system for such trading day. The Enterprise Value will be considered achieved for 30 consecutive trading days if each trading day within such 30-day period achieves the
targeted Enterprise Value. 

  

	 	(iii)	“Interest-Bearing Debt” means, as of the date of determination, liabilities on the Company’s balance sheet which are subject to interest accrual, including bank loans and corporate bonds.

  

	 	(iv)	“Minority Interest” means the value of any portion of a subsidiary company that is not owned by the Company. 

  

	 	(v)	“Preferred Stock” means the value of any preferred stock of the Company, $0.01 par value, issued and outstanding on the date of determination. 

 

	 	(vi)	“Excess Cash” means, as of the date of determination, the cash and cash investments on the company’s balance sheet. 

The calculation of Enterprise Value shall be performed by the Company, and the Committee shall review and certify in writing (which may be in the form of
minutes of a meeting of the Committee or a Unanimous Written Consent of the Committee) whether the relevant Enterprise Value level has been achieved.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]