Document:

FORM OF TAX MATTERS AGREEMENT

 EXHIBIT 10.1 
 [FORM TAX MATTERS AGREEMENT] 
 This Agreement is entered into as of the
[            ] day of [            ], 2013 between Murphy Oil Corporation (“Distributing”), a Delaware
corporation, on behalf of itself and the members of the Distributing Group, as defined below, and Murphy USA Inc. (“Controlled”), a Delaware corporation, on behalf of itself and the members of the Controlled Group, as defined below.

 WITNESSETH: 
 WHEREAS, pursuant to the tax laws of various jurisdictions, certain members of the Controlled Group presently file certain tax returns on an affiliated, consolidated, combined, unitary, fiscal unity or
other, group basis (including as permitted by Section 1501 of the Internal Revenue Code of 1986, as amended (the “Code”)) with certain members of the Distributing Group; 

WHEREAS, Distributing and Controlled have entered into a Separation and Distribution Agreement, dated as of
[            ], 2013 (the “Distribution Agreement”), providing for the distribution by Distributing to its shareholders of all of the common stock of Controlled that is
held by Distributing (the “Distribution”) and certain other matters; 
 WHEREAS, Distributing and Controlled
desire to set forth their agreement on the rights and obligations of Distributing, Controlled and the members of the Distributing Group and the Controlled Group, respectively, with respect to (A) the handling and allocation of federal, state,
local and foreign taxes incurred in taxable periods beginning prior to the Distribution Date, as defined below, (B) taxes resulting from the Distribution and transactions effected in connection with the Distribution and (C) various other
tax matters; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the parties agree
as follows: 
 SECTION 1. Definitions. 

(a) As used in this Agreement: 
 “Active Business” shall mean an active trade or business relied upon to satisfy the requirements of Section 355 of the Code as set forth in the Ruling Request, as defined below, and
in the opinion being delivered by counsel in connection with the Distribution. 
 “After-Tax Amount” shall mean
an additional amount necessary to reflect the hypothetical Tax consequences of the receipt or accrual of any payment, using the maximum statutory rate (or rates, in the case of an item that affects more than one Tax) applicable to the recipient of
such payment for the relevant Taxable year, reflecting, for example, the effect of the deductions available for interest paid or accrued and for Taxes, such as state and local income Taxes. 

 “AMT” shall mean the alternative minimum tax, within the meaning of
Section 55 of the Code. 
 “Closing of the Books Method” shall mean the apportionment of items between
portions of a Taxable period based on a closing of the books and records on the Distribution Date (as if the Distribution Date were the end of the Taxable period), provided that any items not susceptible to such apportionment shall be
apportioned on the basis of elapsed days during the relevant portion of the Taxable period. 
 “Code” shall
have the meaning ascribed thereto in the recital. 
 “Combined Apportionment Factor” shall mean the
apportionment factor reflected on the applicable consolidated, combined or unitary state or local income Tax return and utilized in computing the combined, consolidated or unitary state or local income Tax liability. 

“Consolidated Federal Return” shall mean a Pre-Deconsolidation Period Return filed in respect of federal income Taxes by
a Consolidated Group. 
 “Consolidated Group” shall mean any group consisting of (i) at least one member
of the Distributing Group that filed (or will file) any Pre-Deconsolidation Period Return that reflects the income, assets or operations of any member of the Controlled Group or (ii) at least one member of the Controlled Group that filed (or
will file) any Pre-Deconsolidation Period Return that reflects the income, assets or operations of any member of the Distributing Group. 
 “Consolidated State Return” shall mean a Pre-Deconsolidation Period Return filed in respect of state or local income Taxes by a Consolidated Group, including, for the avoidance of doubt,
any combined state income tax return. 
 “Controlled” shall have the meaning ascribed thereto in the recital.

 “Controlled Group” shall mean Controlled and each of its direct and indirect Subsidiaries immediately after
the Distribution, including any predecessors thereto. 
 “Deconsolidation Date” shall mean with respect to a
Return the date on which any member of the Controlled Group is no longer consolidated, combined or in a unitary relationship (as the case may be) with any member of the Distributing Group in filing such Return. 

“Distributing” shall have the meaning ascribed thereto in the recital. 

“Distributing Assumed Liability Payment” means a payment by any member of the Distributing Group in respect of a Murphy
Oil Liability, as defined in the Distribution Agreement. 
 “Distributing Group” shall mean Distributing and
each of its direct and indirect Subsidiaries other than those entities comprising the Controlled Group. 

“Distribution” shall have the meaning ascribed thereto in the recital. 

 “Distribution Agreement” shall have the meaning ascribed thereto in the
recital. 
 “Distribution Date” shall mean the date on which the Distribution occurs. 

“Ethanol Facility Disposition” shall mean the sale or other disposition of (i) any assets of the ethanol production
facilities located in Hankinson, North Dakota and Hereford, Texas or (ii) the stock or other interests of any entity that holds only such assets, and shall include the discontinuation of the operations of any such facility. 

“Equity Securities” shall mean any stock or other securities treated as equity for tax purposes, options, warrants,
rights, convertible debt, or any other instrument or security that affords any Person the right, whether conditional or otherwise, to acquire stock or to be paid an amount determined by reference to the value of stock. 

“Final Determination” shall mean (i) with respect to federal income Taxes, (A) a “determination” as
defined in Section 1313(a) of the Code, or (B) execution of an IRS Form 870-AD (or any successor form thereto), as a final resolution of Tax liability for any Taxable period, except that a Form 870-AD (or successor form thereto) that
reserves the right of the taxpayer to file a claim for Refund or the right of the IRS to assert a further deficiency shall not constitute a Final Determination with respect to the item or items so reserved; (ii) with respect to Taxes other than
federal income Taxes, any final determination of liability in respect of a Tax that, under applicable law, is not subject to further appeal, review or modification through proceedings or otherwise; (iii) with respect to any Tax, any final
disposition by reason of the expiration of the applicable statute of limitations; or (iv) with respect to any Tax, the payment of Tax by any member of the Distributing Group or the Controlled Group, whichever is responsible for payment of such
Tax under applicable law, with respect to any item disallowed or adjusted by a Taxing Authority, provided that the provisions of Section 13 hereof have been complied with, or, if such section is inapplicable, that the party responsible
under the terms of this Agreement for such Tax is notified by the party paying such Tax that it has determined that no action should be taken to recoup such disallowed item, and the other party agrees with such determination. 

“Group” shall mean the Controlled Group or the Distributing Group, as appropriate. 

“IRS” shall mean the Internal Revenue Service. 
 “Loss Group” shall mean a Group that incurs a Separate Group Taxable Loss for the relevant Taxable period. 
 “Person” shall have the meaning ascribed to it in Section 7701(a)(1) of the Code. 
 “Post-Deconsolidation Period” shall mean any Taxable period (or portion thereof) beginning after the Deconsolidation Date. 

“Pre-Deconsolidation Period” shall mean any Taxable period (or portion thereof) ending on or before the Deconsolidation
Date. 
 “Refund” shall mean any refund of Taxes, including any reduction in Taxes by means of a credit, offset
or otherwise. 

 “Return” shall mean any Tax return, statement, report, form, election,
claim or surrender (including estimated Tax returns and reports, extension requests and forms, and information returns and reports) required to be filed with any Taxing Authority. 

“Ruling Request” shall mean the private letter ruling request, dated December 12, 2012, together with all
attachments, exhibits and supplements thereto submitted by Distributing to the IRS. 
 “Separate Group Taxable
Income” shall mean, with respect to a Group, such Group’s Taxable income computed as if such Group were a separate consolidated, combined or unitary group, and applying the Tax principles, including limitations and carryovers
(excluding limits for charitable contributions and dividends received deduction, and accounting for deferred intercompany transactions consistent with the deferral and recognition rules of Treasury Regulations Section 1.1502-13 (or any
successor rule) or analogous state or local rule), that would have been applicable to such Group had such Group never been part of the Consolidated Group or any other consolidated, combined or unitary group. In the context of state and local Tax,
Separate Group Taxable Income shall be computed prior to the application of any apportionment formula. 
 “Separate
Group Tax Liability” shall mean (i) with respect to federal income Taxes, the product of a Group’s Separate Group Taxable Income, computed for federal income Tax purposes, and the highest federal income Tax rate imposed under the
Code on the Taxable income of a corporation for the relevant Taxable period (or portion thereof), reduced by any Tax credits that the Group would be able to use if it were calculating its federal income Tax liability on a stand-alone basis and
(ii) with respect to the Taxes of a particular state or locality, the product of the Group’s Separate Group Taxable Income and the Combined Apportionment Factor and the State Tax Rate, reduced by any applicable Tax credits that the Group
would be able to use if it were calculating its Tax liability on a stand-alone basis. 
 “Separate Group Taxable
Loss” shall mean, with respect to a Group, such Group’s Taxable loss computed as if such Group were a separate consolidated, combined or unitary group, and applying the Tax principles, including limitations and carryovers (excluding
limits for charitable contributions and dividends received deduction, and accounting for deferred intercompany transactions consistent with the deferral and recognition rules of Treasury Regulations Section 1.1502-13 (or any successor rule) or
analogous state or local rule), that would have been applicable to such Group had such Group never been part of the Consolidated Group or any other consolidated, combined or unitary group. In the context of state and local Tax, Separate Group
Taxable Loss shall be computed prior to the application of any apportionment formula. 
 “State Tax Rate” shall
mean, with respect to a particular state or locality, the highest applicable Tax rate imposed under applicable law on the Separate Group Taxable Income of the Group for the relevant Taxable period (or portion thereof). 

“Subsidiary” of any Person shall mean any corporation, partnership or other entity directly or indirectly owned more
than 50 percent (by vote or value) by such Person. 

 “Tax” (and the correlative meaning, “Taxes,”
“Taxing” and “Taxable”) shall mean (A) any tax imposed under Subtitle A of the Code, or any net income, gross income, gross receipts, alternative or add-on minimum, sales, use, business and occupation,
value-added, trade, goods and services, ad valorem, franchise, profits, license, business royalty, withholding, payroll, employment, capital, excise, transfer, recording, severance, stamp, occupation, premium, property, asset, real estate
acquisition, environmental, custom duty, or other tax, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest and any penalty, addition to tax or additional amount imposed by a Taxing Authority; or
(B) any liability of a member of the Distributing Group or the Controlled Group for the payment of any amounts described in clause (A) as a result of any express or implied obligation to indemnify any other Person. 

“Tax Proceeding” shall mean any Tax audit, dispute or proceeding (whether administrative, judicial or contractual).

 “Taxing Authority” shall mean any governmental authority (domestic or foreign), including, without
limitation, any state, municipality, political subdivision or governmental agency, responsible for the imposition of any Tax. 

(b) All capitalized terms used but not defined herein shall have the same meanings as in the Distribution Agreement. Any term used in
this Agreement which is not defined in this Agreement or the Distribution Agreement shall, to the extent the context requires, have the meaning assigned to it in the Code or the applicable Treasury regulations thereunder (as interpreted in
administrative pronouncements and judicial decisions), in comparable provisions of applicable law or in the Ruling Request. 

SECTION 2. Sole Tax Sharing Agreement. Any and all existing Tax sharing agreements or arrangements, written or
unwritten, between any member of the Distributing Group, on the one hand, and any member of the Controlled Group, on the other hand, shall be or shall have been terminated on or before the Distribution Date. Following the Distribution, neither the
members of the Controlled Group nor the members of the Distributing Group shall have any further rights or liabilities thereunder, and this Agreement shall be the sole Tax sharing agreements between the members of the Controlled Group, on the one
hand, and the members of the Distributing Group, on the other hand. Distributing and Controlled shall act in good faith in the performance of this Agreement. 
 SECTION 3. Federal Income Taxes.  
 (a) Return Filing.

 (i) Distributing shall prepare and file, or cause to be prepared and filed, Consolidated Federal Returns for
which the Consolidated Group is required or permitted to file a Consolidated Federal Return using, inter alia, information previously provided by Controlled. Controlled shall maintain all necessary information to file a Consolidated Federal Return
and shall provide Distributing with all such necessary information in accordance with past practice and in no event later than 45 days before such return is due. Each member of the Consolidated Group shall execute and file such consents, elections
and other documents as may be required or appropriate for the filing of such Consolidated Federal Returns. 

 (ii) To the extent that Controlled or any member of the Controlled Group is
included in any Consolidated Federal Return for a Taxable period that includes the Distribution Date, Distributing shall include in such Consolidated Federal Return the results of Controlled or of the member of the Controlled Group on the basis of
the Closing of the Books Method. 
 (iii) Subject to the provisions of Sections 3(b), 6 and 7, Distributing shall
pay, or cause to be paid, any and all federal income Taxes due or required to be paid with respect to, or required to be reported on, any such Consolidated Federal Return filed in accordance with Section 3(a)(i). 

(b) Allocated Tax Charge. 
 (i) Distributing shall be responsible for calculating the Separate Group Taxable Income or Separate Group Taxable Loss, as the case may be, for each Group included in a Consolidated Federal Return. Each
Group included in a Consolidated Federal Return shall bear its Separate Group Tax Liability, if any. For purposes of such calculation, the deduction for state and local Taxes to which each Group is entitled will be determined in a manner consistent
with Section 4 of this Agreement. 
 (ii) If the Controlled Group included in the Consolidated Federal
Return incurs a Separate Group Taxable Loss, Distributing shall pay to the Controlled Group (A) the amount, if any, by which the federal income Taxes payable with respect to the Consolidated Federal Return are reduced by reason of the
Controlled Group’s Separate Group Taxable Loss and (B) any Refund of federal income Taxes or other federal income Tax benefit attributable to such Separate Group Taxable Loss that is actually realized, in each case as determined by
Distributing in its sole discretion. To the extent the Controlled Group receives a payment from Distributing in respect of a Separate Company Taxable Loss pursuant to this Section 3(b)(ii), such loss shall not be carried forward or carried back
by the Controlled Group for purposes of determining Separate Group Taxable Income or Separate Group Taxable Loss in any other Taxable period (or portion thereof). To the extent the Controlled Group does not receive a payment from Distributing in
respect of a Separate Group Taxable Loss pursuant to this Section 3(b)(ii), such loss may be carried forward or carried back, subject to any applicable limitation with respect to carry forward or carry back losses, by the Controlled Group for
purposes of determining Separate Group Taxable Income or Separate Group Taxable Loss in another Taxable period (or portion thereof). 
 (iii) In the event a Consolidated Group incurs an AMT liability with respect to any Taxable period (or portion thereof), Distributing shall be solely responsible for such liability. Any Tax benefit
arising from the utilization of a consolidated federal AMT credit shall be for the sole benefit of Distributing. 

 SECTION 4. State and Local Income Taxes.  

(a) Return Filing. 
 (i) Distributing shall prepare and file, or cause to be prepared and filed, Consolidated State Returns for which the Consolidated Group is required or permitted to file a Consolidated State Return using,
inter alia, information previously provided by Controlled. Controlled shall maintain all necessary information to file a Consolidated State Return and shall provide Distributing with all such necessary information in accordance with past practice
and in no event later than 45 days before such return is due. Each member of the Consolidated Group shall execute and file such consents, elections and other documents as may be required or appropriate for the filing of such Consolidated State
Returns. 
 (ii) To the extent that Controlled or any member of the Controlled Group is included in any
Consolidated State Return for a Taxable period that includes the Distribution Date, Distributing shall include in such Consolidated State Return the results of Controlled or of the member of the Controlled Group on the basis of the Closing of the
Books Method. 
 (iii) Subject to the provisions of Sections 4(b), 6 and 7, Distributing shall pay, or cause to
be paid, any and all income Taxes due or required to be paid with respect to, or required to be reported on, any such Consolidated State Return filed in accordance with Section 4(a)(i). 

(iv) In the event a Consolidated State Return is not filed, each relevant member of the Distributing Group and Controlled
Group shall be responsible for (A) filing its own Return as a separate entity in respect of state and local income Taxes, or its own Return in respect of state and local income Taxes relating to a group consisting solely of members of the
Distributing Group or members of the Controlled Group, as the case may be, on behalf of the separate group, in each case including requests for extension, as if this Agreement were not in effect and (B) making Tax payments (including estimated
Tax payments, if necessary). Each such member filing a Return as a separate entity pursuant to this Section 4(a)(iv) shall be entitled to any Tax benefit and shall be liable for any Tax burden resulting from the filing of such separate Return.

 (b) Allocated Tax Charge. 
 (i) Distributing shall be responsible for calculating the Separate Group Taxable Income or Separate Group Taxable Loss, as the case may be, for each Group included in a Consolidated State Return. Each
Group included in a Consolidated State Return shall bear its Separate Group Tax Liability, if any. 
 (ii) If the
Controlled Group included in a Consolidated State Return incurs a Separate Group Taxable Loss, Distributing shall pay, or shall cause to be paid, to the Controlled Group (A) the amount, if any, by which the state or local income Taxes reflected
on such Return are reduced by reason of the Controlled Group’s Separate Group Taxable Loss and (B) any Refund of state or local income Taxes or other state or local 

 
income Tax benefit attributable to such Separate Group Taxable Loss that is actually realized, in each case as determined by Distributing in its sole discretion. To the extent the Controlled
Group receives a payment from Distributing in respect of a Separate Group Taxable Loss pursuant to this Section 4(b)(ii), such loss shall not be carried forward or carried back by the Controlled Group for purposes of determining Separate Group
Taxable Income or Separate Group Taxable Loss in any other Taxable period (or portion thereof). To the extent the Controlled Group does not receive a payment from Distributing in respect of a Separate Group Taxable Loss pursuant to this
Section 4(b)(ii), such loss may be carried forward or carried back, subject to any applicable limitation with respect to carry forward or carry back losses, by the Controlled Group for purposes of determining Separate Group Taxable Income or
Separate Group Taxable Loss in another Taxable period (or portion thereof). 
 SECTION 5. Foreign Income Tax.
With respect to the calculation of each Group’s Tax liability for foreign Taxes, the principles set forth in Section 4 shall apply mutatis mutandis. 
 SECTION 6. Estimated Tax Payments.  
 (a) If estimated Tax
payments are required with respect to a Consolidated Group for a Pre-Deconsolidation Period, Distributing shall pay, or cause to be paid, to the IRS, and/or to each relevant state, local and foreign Taxing Authority, on behalf of the members of such
Consolidated Group, those estimated Tax payments that are due on the relevant dates prescribed by applicable law. On March 15 (or the proper due date under applicable law) of the year following the current Tax year, Distributing shall pay to
the IRS, and to each relevant state, local and foreign Taxing Authority, on behalf of the members of any Consolidated Group, the payment, if any, required to be made with a request for an extension of time in which to file a Consolidated Federal
Return or a Consolidated State Return, as the case may be. Each Group’s share of such estimated Tax payments, and payments required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a
Consolidated State Return, shall be determined in a manner consistent with the methods set forth in Sections 3, 4 and 5 of this Agreement. Reimbursement to Distributing of the Controlled Group’s share of any quarterly estimated tax payments or
any payment made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be made within 20 business days after receiving notice of such liability from Distributing. 

(b) Notwithstanding the provisions of Section 6(a), if Distributing requests in writing an advance reimbursement from the Controlled
Group of the Controlled Group’s share of a quarterly estimated Tax payment or any payment required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, which request
shall be not more than 10 business days and not less than 5 business days prior to the due date of such payment, the Controlled Group shall reimburse Distributing not later than the due date of such estimated Tax payment. 

 SECTION 7. Settlement; Certain Other Tax Sharing Provisions. 

(a) Distributing shall calculate settlement of the final federal, state, local and foreign Tax liability for all Pre-Deconsolidation
Periods, and notify the Controlled Group of such settlement. Subject to Section 21 of this Agreement (relating to dispute resolution procedures), the Controlled Group shall pay to Distributing its share of such Tax liability, as determined
under Sections 3, 4 and 5 of this Agreement, within 20 business days after receiving notice of such Tax liability from Distributing. Any amounts paid by any member of the Controlled Group pursuant to Section 6 and any amounts receivable by the
Controlled Group in respect of a Separate Group Taxable Loss or Tax credit shall be included in determining the payments due from the Controlled Group. If the sum of any payments by the Controlled Group pursuant to Section 6, and any amounts
receivable by the Controlled Group in respect of a Separate Group Taxable Loss or Tax credit exceed its Tax liability, such excess shall be refunded to the Controlled Group. Interest will be due on any underpayment or overpayment of Tax, computed
from the date on which a final Return is filed at the rate equal to the “prime” rate as published in the Wall Street Journal, Eastern Edition on such date. 
 (b) If a portion or all of an unused loss or Tax credit is allocated to a member of the Consolidated Group, pursuant to Treasury Regulations Section 1.1502-21(b) or Treasury Regulations
Section 1.1502-79, and is carried back or forward to a Taxable year in which such member filed a separate Return or consolidated, combined or unitary Return with an affiliated group that is not a Consolidated Group, any Refund or reduction in
Tax liability arising from such carry back or carryover shall be retained by such member, subject to future audit adjustments. Notwithstanding the foregoing, Distributing, in its sole discretion, (i) shall determine whether an election shall be
made to relinquish the entire carry back period with respect to part or all of a consolidated net operating loss for any Pre-Deconsolidation Period in accordance with Treasury Regulations Section 1.1502-21(b)(3) and (ii) may require
Controlled to make an election to relinquish the entire carry back period with respect to all net operating losses and consolidated net operating losses attributable to Controlled in accordance with Proposed Treasury Regulations
Section 1.1502-72(e)(1) (or any final, amended or successor version thereof that is substantively comparable). 
 (c)
Notwithstanding Section 7(b) above, no member of the Controlled Group shall make any election to carry back any Tax item from a Post-Deconsolidation Period to a Pre-Deconsolidation Period without Distributing’s consent. In the event that
Distributing consents to the carry back of any Tax item by a member of the Controlled Group from a Post-Deconsolidation Period to a Pre-Deconsolidation Period or in the event that a member of the Controlled Group is required by applicable law to
carry back a Tax item from a Post-Deconsolidation Period to a Pre-Deconsolidation Period, Distributing shall currently compensate the Controlled Group only for a Tax item that is carried back which does not result in the loss or deferral of any Tax
attribute of any member of the Distributing Group. In the event that such item of a member of the Distributing Group is only deferred, Distributing shall make a payment to the Controlled Group in respect of such deferred item at the time the
Distributing Group actually realizes the deferred Tax attribute. To the extent the Distributing Group suffers a permanent loss of such Tax attribute, no payment shall be made to the Controlled Group. 

(d) In the event that the Controlled Group is entitled to a Tax benefit by reason of a Distributing Assumed Liability Payment, Controlled
shall pay to Distributing (A) the amount, if any, by which any Taxes payable by the Controlled Group are reduced by reason of the Distributing Assumed Liability Payment and (B) any Refund of Taxes or other Tax benefit attributable thereto
that is actually realized, in each case as determined by Controlled in consultation with Distributing. 

 (e) Controlled and Distributing hereby acknowledge and agree that Sections 6 and 7(a) are
applicable only with respect to Pre-Deconsolidation Periods for which a final Return is filed after the date hereof. 
 (f)
Deductions and Reporting for Certain Equity-Based Awards. 
 (i) Distributing shall be entitled to the economic
benefit of, and to the extent permitted by law, may file Returns claiming, the Tax deductions attributable to (x) the exercise of options to purchase stock of Distributing or (y) any payments (whether in cash or stock) made by Distributing
pursuant to Section 3.04 of the Employee Matters Agreement in respect of any restricted stock units, cash-based restricted stock units, or cash-based performance units, in each case that are held by employees or former employees of the
Controlled Group. 
 (ii) To the extent Distributing determines that the Distributing Group will not or may not
claim such Tax deductions (whether as a result of disallowance of deductions originally claimed by Distributing or otherwise), the Controlled Group shall pay to the Distributing Group an amount equal to the product of the amount of the related
deduction and the Distributing Group’s effective Tax rate for the relevant Taxable period, as determined by Distributing in consultation with Controlled. 
 (iii) Except as Distributing may at any time determine in its sole discretion, Distributing shall be responsible for (A) all income, payroll, or other tax reporting related to income to any current
or former employees of the Controlled Group arising from the exercise of any option or from any payment described in Section 7(f)(i); and (B) remitting applicable tax withholdings for such income to each applicable taxing authority.
Distributing and Controlled acknowledge and agree that the parties shall cooperate with each other and with third-party providers to effectuate withholding and remittance of taxes, as well as required tax reporting, in a timely, efficient, and
appropriate manner. 
 SECTION 8. Other Taxes. All federal, state, local, foreign and other Taxes that are
(i) not otherwise expressly dealt with herein or (ii) determined on a single-entity basis (including any federal excise Taxes and any franchise Taxes), and the filing of any Returns with respect to such Taxes, shall be the responsibility
of the Person who is liable for such Taxes or is responsible for filing such Returns under applicable law. 

SECTION 9. Certain Representations and Covenants.  

(a) Controlled Representations. Controlled and each member of the Controlled Group represents that as of the date hereof, and
covenants that on the Distribution Date, there is no plan or intention: 
 (i) to liquidate Controlled or to
merge or consolidate Controlled, or any member of the Controlled Group, with any other Person subsequent to the Distribution, 

 (ii) to sell or otherwise dispose of any material asset of Controlled or any
member of the Controlled Group (other than pursuant to an Ethanol Facility Disposition) subsequent to the Distribution, except in the ordinary course of business, 

(iii) to take any action inconsistent with the written information and representations furnished to the IRS in connection
with the Ruling Request, or to counsel in connection with any opinion being delivered by counsel with respect to the Distribution, regardless of whether such information and representations were included in the ruling issued by the IRS or in the
opinion of counsel, 
 (iv) to repurchase stock of Controlled other than in a manner that satisfies the
requirements of IRS Revenue Procedure 96-30, as modified by IRS Revenue Procedure 2003-48, and any representations made in the Ruling Request, 
 (v) to take any action, other than pursuant to an Ethanol Facility Disposition, that management of Controlled knows, or should have known, is reasonably likely to contravene any agreement with a Taxing
Authority entered into prior to the Distribution Date to which any member of the Controlled Group or the Distributing Group is a party, or 
 (vi) to enter into any negotiations, agreements, or arrangements with respect to transactions or events (including stock issuances, pursuant to the exercise of options or otherwise, option grants, the
adoption of, or authorization of shares under, a stock option plan, capital contributions, or acquisitions, but not including the Distribution) that could reasonably be expected to cause the Distribution to be treated as part of a plan pursuant to
which one or more Persons acquire directly or indirectly Controlled stock representing a “50-percent or greater interest” within the meaning of Section 355(d)(4) of the Code. 

(b) Controlled Covenants. Controlled covenants to Distributing that, without the prior written consent of Distributing, 

(i) during the two-year period following the Distribution Date, other than pursuant to an Ethanol Facility Disposition,
(A) neither Controlled, nor any member of the Controlled Group conducting an Active Business, will, or will agree to, discontinue such business or dissolve, liquidate or engage in any transaction involving a merger, consolidation or other
reorganization, and (B) none of Controlled or any other member of the Controlled Group will, or will agree to, sell, exchange, distribute or otherwise dispose of any asset of any member of the Controlled Group, except in the ordinary course of
business or as set forth on Schedule 9(b)(i), 
 (ii) Controlled will not, nor will it permit any member of the
Controlled Group to, take any action inconsistent with the information and representations furnished to the IRS in connection with the Ruling Request, or to counsel in connection with any opinion being delivered by counsel with respect to the
Distribution, regardless of whether such information and representations were included in the ruling issued by the IRS or in the opinion of counsel, 

 (iii) Controlled will not, nor will it permit any member of the Controlled
Group to, take any action, other than pursuant to an Ethanol Facility Disposition, that management of Controlled knows, or should have known, is reasonably likely to contravene any agreement with a Taxing Authority entered into prior to the
Distribution Date to which any member of the Controlled Group or the Distributing Group is a party, 
 (iv)
during the two-year period following the Distribution Date, Controlled will not repurchase stock of Controlled in a manner contrary to the requirements of IRS Revenue Procedure 96-30, as modified by IRS Revenue Procedure 2003-48, or in a manner
contrary to the representations made in the Ruling Request, 
 (v) on or after the Distribution Date, Controlled
will not, nor will it permit any member of the Controlled Group to, make or change any accounting method, amend any Return or take any Tax position on any Return, take any other action or enter into any transaction that results in any increased Tax
liability or reduction of any Tax asset of the Distributing Group or any member thereof in respect of any Pre-Deconsolidation Period, 
 (vi) during the two-year period following the Distribution Date, none of Controlled or any other member of the Controlled Group will, or will agree to, sell or otherwise issue to any Person, or redeem or
otherwise acquire from any Person, any Equity Securities of Controlled or any other member of the Controlled Group; provided, however, that Controlled may repurchase stock of Controlled as permitted by Section 9(b)(iv) hereof and may
issue such Equity Securities to the extent such issuances satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer)
of Treasury Regulation Section 1.355-7(d), and 
 (vii) during the two-year period following the
Distribution Date, none of Controlled or any other member of the Controlled Group will (A) solicit any Person to make a tender offer for, or otherwise acquire or sell, the Equity Securities of Controlled, (B) participate in or support any
unsolicited tender offer for, or other acquisition, issuance or disposition of, the Equity Securities of Controlled or (C) approve or otherwise permit any proposed business combination or any transaction which, in the case of clauses
(A) or (B), individually or in the aggregate, together with any transaction occurring within the four-year period beginning on the date which is two years before the Distribution Date and any other transaction which is part of a plan or series
of related transactions (within the meaning of Section 355(e) of the Code) that includes the Distribution, could result in one or more Persons acquiring (except for acquisitions that otherwise satisfy Safe Harbor VIII (relating to acquisitions
in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulation Section 1.355–7(d)) directly or indirectly stock representing a 40% or
greater interest, by vote or value, in Controlled (or any successor thereto). 

 (c) Controlled Covenants Exceptions. Notwithstanding the foregoing, Controlled and
the members of Controlled Group may take actions inconsistent with the covenants contained in Section 9(b) above, if: 
 (i) In the case of any disposition of assets that could otherwise be subject to Section 9(b)(i) or (ii), the aggregate book value of such assets does not exceed 5 percent of total assets; or

 (ii) In the case of any other action: (A) Controlled notifies Distributing of its proposal to take such
action and Controlled and Distributing obtain a ruling from the IRS to the effect that such actions will not result in the Distribution being taxable to Distributing or its shareholders, provided that Controlled agrees in writing to bear any
expenses associated with obtaining such a ruling and, provided further, that Controlled shall not be relieved of any liability under Section 10(a) of this Agreement by reason of seeking or having obtained such a ruling; or
(B) Controlled notifies Distributing of its proposal to take such action and obtains an opinion of counsel recognized as an expert in federal income tax matters and acceptable to Distributing to the same effect as in Section 9(c)(ii)(A) ,
provided that such opinion is acceptable to Distributing in its sole discretion; provided further, that Controlled shall not be relieved of any liability under Section 10(a) of this Agreement by reason of having obtained such an
opinion. 
 SECTION 10. Indemnities.  

(a) Controlled Indemnity. Controlled and each member of the Controlled Group will jointly and severally indemnify Distributing and
the members of the Distributing Group against, and hold them harmless from: 
 (i) any Tax liability of the
Controlled Group as determined in accordance with this Agreement; 
 (ii) any liability or damage resulting from
a breach by Controlled or any member of the Controlled Group of any representation or covenant made by Controlled herein; 
 (iii) any Tax liability of Distributing that is attributable to any action of Controlled or any member of the Controlled Group, other than any action required by the Distribution Agreement without regard
to whether Distributing has consented to such action; and 
 (iv) all liabilities, costs, expenses (including,
without limitation, reasonable expenses of investigation and attorneys’ fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax liability or
damage described in (i), (ii), or (iii), including those incurred in the contest in good faith in appropriate proceedings relating to the imposition, assessment or assertion of any such Tax, liability or damage. 

(b) Distributing Indemnity. Distributing and each member of the Distributing Group will jointly and severally indemnify Controlled
and the members of the Controlled Group against, and hold them harmless from: 
 (i) any Tax liability of the
Consolidated Group, other than any such liabilities described in Section 10(a); 

 (ii) any Taxes imposed on Controlled or any member of the Controlled Group
under Treasury Regulation 1.1502-6 (or similar provision of state, local or foreign law) solely as a result of Controlled or any such member being or having been a member of a Consolidated Group; and 

(iii) all liabilities, costs, expenses (including, without limitation, reasonable expenses of investigation and
attorneys’ fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any income Tax liability or damage described in (i) or (ii) including those
incurred in the contest in good faith in appropriate proceedings relating to the imposition, assessment or assertion of any such income Tax, liability or damage. 
 (c) Discharge of Indemnity. Controlled, Distributing and the members of the Controlled Group and Distributing Group, respectively, shall discharge their obligations under Sections 10(a) and 10(b)
hereof, respectively, by paying the relevant amount within 30 days of demand therefor. Any such demand shall include a statement showing the amount due under Section 10(a) or 10(b), as the case may be. Items described in Sections 10(a)(i) and
10(b)(i) shall be calculated as set forth in Sections 3, 4 and 5. Notwithstanding the foregoing, if either Controlled, Distributing or any member of the Controlled Group or Distributing Group disputes in good faith the fact or the amount of its
obligation under Section 10(a) or Section 10(b), then no payment of the amount in dispute shall be required until any such good faith dispute is resolved in accordance with Section 21 hereof; provided, however, that any amount
not paid within 30 days of demand therefor shall bear interest as provided in Section 14. 
 (d) Tax Benefits. If an
indemnification obligation of any member of the Distributing Group or any member of the Controlled Group, as the case may be, under this Section 10 with respect to a Consolidated Group arises in respect of an adjustment that makes allowable to
a member of the Controlled Group or a member of the Distributing Group, respectively, any Tax benefit which would not, but for such adjustment, be allowable, then any payment by any member of the Distributing Group or any member of the Controlled
Group, respectively, pursuant to this Section 10 shall be an amount equal to (x) the amount otherwise due but for this subsection (d), minus (y) the present value of the product of the Tax benefit multiplied (i) by the maximum
applicable federal, foreign, state or local, as the case may be, corporate Tax rate in effect at the time such Tax benefit becomes allowable to a member of the Controlled Group or a member of the Distributing Group (as the case may be) or
(ii) in the case of a credit, by 100 percent. The present value of such product shall be determined by discounting such product from the time the Tax benefit becomes allowable at the rate equal to the “prime” rate as published in the
Wall Street Journal, Eastern Edition on the date of such determination. 
 SECTION 11. Guarantees.
Distributing or Controlled, as the case may be, shall guarantee or otherwise perform the obligations of each member of the Distributing Group or the Controlled Group, respectively, under this Agreement 

 SECTION 12. Communication and Cooperation.  

(a) Consult and Cooperate. Controlled and Distributing shall consult and cooperate (and shall cause each member of the Controlled
Group or the Distributing Group, respectively, to cooperate) fully at such time and to the extent reasonably requested by the other party in connection with all matters subject to this Agreement. Such cooperation shall include, without limitation,

 (i) the retention, and provision on reasonable request, of any and all information including all books,
records, documentation or other information pertaining to Tax matters relating to the Distributing Group and the Controlled Group, any necessary explanations of information, and access to personnel, until one year after the expiration of the
applicable statute of limitation (giving effect to any extension, waiver, or mitigation thereof); 
 (ii) the
execution of any document that may be necessary (including to give effect to Section 13) or helpful in connection with any required Return or in connection with any audit, proceeding, suit or action; and 

(iii) the use of the parties’ best efforts to obtain any documentation from a governmental authority or a third party
that may be necessary or helpful in connection with the foregoing. 
 (b) Provide Information. Distributing and Controlled
shall keep each other fully informed with respect to any material development relating to the matters subject to this Agreement. 

(c) Tax Attribute Matters. Distributing and Controlled shall promptly advise each other with respect to any proposed Tax
adjustments relating to a Consolidated Group, which are the subject of an audit or investigation, or are the subject of any proceeding or litigation, and which may affect any Tax liability or any Tax attribute of Distributing, Controlled, the
Distributing Group, the Controlled Group or any member of the Controlled Group or the Distributing Group (including, but not limited to, basis in an asset or the amount of earnings and profits). 

SECTION 13. Audits and Contest.  
 (a) Notice. Distributing or Controlled shall promptly notify the other in writing upon the receipt of any notice of Tax Proceeding from the relevant Taxing Authority; provided, that a party’s
right to indemnification under this Agreement shall not be limited in any way by a failure to so notify, except to the extent that the indemnifying party is materially prejudiced by such failure. 

(b) Distributing Control. Notwithstanding anything in this Agreement to the contrary, except to the extent provided in paragraphs
(c), (d) and (e) below, Distributing shall have the right to control all matters relating to any Tax Return or any Tax Proceeding with respect to any Tax matters of a Consolidated Group or any member of a Consolidated Group. Distributing
shall have absolute discretion with respect to any decisions to be made, or the nature of any action to be taken, with respect to any Tax matter described in the preceding sentence; provided, however, that Distributing shall keep Controlled
informed of all material developments and events relating to such matters to the extent they affect the Separate Group Tax Liability of the Controlled Group or may give rise to a claim for indemnity by Distributing against Controlled under
Section 10(a) of this Agreement; and at its own cost and expense, Controlled shall have the right to participate in (but not to control) the defense of any such tax claim. 

 (c) Controlled Assumption of Control; Non-Section 355 Matters. If Distributing
determines that the resolution of any matter relating to a Tax Return or Tax Proceeding (other than a Tax Proceeding relating to the qualification of the Distribution under Sections 355 and 368(a)(1)(D) of the Code) is reasonably likely to have an
adverse effect on Controlled Group with respect to any Post-Deconsolidation Period, Distributing may permit Controlled to elect to assume control over disposition of such matter at Controlled’s sole cost and expense; provided, however,
that if Controlled so elects, it will (i) be responsible for the payment of any liability arising from the disposition of such matter notwithstanding any other provision of this Agreement to the contrary and (ii) indemnify the Distributing
Group for any increase in a liability and any reduction of a Tax asset of the Distributing Group arising from such matter. 
 (d)
Controlled Assumption of Control; Section 355 Matters. In the event of a Tax Proceeding relating to the qualification of the Distribution under Sections 355 and 368(a)(1)(D) of the Code, Distributing shall have the right to control the
defense of the matter in all proceedings before the IRS, provided that Distributing shall keep Controlled fully informed of all material developments and shall permit Controlled a reasonable opportunity to participate in the defense of the
matter. 
 (e) Controlled Control. Controlled shall have full control over all matters relating to any Tax Proceeding with
respect to Returns of Controlled Group relating to any Post-Deconsolidation Period. 
 SECTION 14. Payments.

 (a) Timing, After-Tax Amounts. All payments to be made hereunder shall be made in immediately available funds. Except
as otherwise provided, all payments required to be made pursuant to this Agreement will be due 30 days after the receipt of notice of such payment or, where no notice is required, 30 days after the fixing of liability or the resolution of a dispute.
Payments shall be deemed made when received. Any payment that is not made when due shall bear interest at the rate equal to the “prime” rate as published on such date in the Wall Street Journal, Eastern Edition. If, pursuant to a
Final Determination, any amount paid by Distributing or the members of the Distributing Group or Controlled or the members of the Controlled Group, as the case may be, pursuant to this Agreement results in any increased Tax liability or reduction of
any Tax asset of Controlled or any member of the Controlled Group or Distributing or any member of the Distributing Group, respectively, then Distributing or Controlled, as appropriate, shall indemnify the other party and hold it harmless from any
interest or penalty attributable to such increased Tax liability or the reduction of such Tax asset and shall pay to the other party, in addition to amounts otherwise owed, the After-Tax Amount. With respect to any payment required to be made or
received under this Agreement, Distributing has the right to designate, by written notice to Controlled, which member of the Distributing Group will make or receive such payment. 

 (b) Netting of Payments. If, on the day payment is due under this Agreement, each of
Distributing and Controlled (each, a “Party”) owes an amount to the other Party pursuant to this Agreement and any other agreement between the Parties, including, without limitation, the Distribution Agreement and any Ancillary
Agreement, as defined in the Distribution Agreement, the Parties shall satisfy their respective obligations to each other by netting the aggregate amounts due to one Party against the aggregate amounts due to the other Party, with the Party, if any,
owning the greater aggregate amount paying the other Party the difference between the amounts owed. Such net payment shall be made pursuant to the provision of Section 14(a). 

SECTION 15. Notices. Any notice, demand, claim, or other communication under this Agreement shall be in writing and
shall be deemed to have been given upon the delivery or mailing, thereof, as the case may be, if delivered personally or sent by certified mail, return receipt requested, postage prepaid, to the parties at the following addresses (or at such other
address as a party may specify by notice to the other): 
 If to Distributing or the Distributing Group, to: 

Murphy Oil Corporation 
 Attn: 

200 Peach St., P.O. Box 7000 
 El Dorado,
Arkansas 71731 
 Murphy Oil Corporation 

Attn: 
 200 Peach St., P.O. Box 7000 

El Dorado, Arkansas 71731 
 If
to Controlled or the Controlled Group, to: 
 Murphy USA Inc. 
 Attn: 
 200 Peach St., P.O. Box 7300 
 El Dorado, Arkansas 71730 
 Murphy USA Inc. 

Attn: 
 200 Peach St., P.O. Box 7300 

El Dorado, Arkansas 71730 

SECTION 16. Costs and Expenses.  
 (a) Except as expressly set forth in this Agreement, each party shall bear its own costs and expenses incurred pursuant to this Agreement. For purposes of this Agreement, costs and expenses shall include,
but not be limited to, reasonable attorneys’ fees, accountant fees and other related professional fees and disbursements. Notwithstanding anything to the contrary in this Agreement, each of the Controlled Group and the Distributing Group will
be responsible for its allocable portion, as determined by Distributing, of (i) all costs and expenses attributable to filing any Return that reflects the income, assets or operations of the Controlled Group or the Distributing Group,
respectively and (ii) all costs and expenses incurred by Distributing or Controlled, respectively, in complying with the provisions of Section 12 of this Agreement. 

 (b) With respect to all Tax Proceedings, including any pending litigation with any Taxing
Authority, costs shall be allocated in good faith by Distributing. Each party hereto shall be liable for its allocable portion of such costs as provided in Section 10. 
 SECTION 17. Effectiveness; Termination and Survival. This Agreement shall become effective upon the consummation of the Distribution. All rights and obligations arising hereunder shall
survive until they are fully effectuated or performed; provided, further, that notwithstanding anything in this Agreement to the contrary, this Agreement shall remain in effect and its provisions shall survive for one year after the full
period of all applicable statutes of limitation (giving effect to any extension, waiver or mitigation thereof) and, with respect to any claim hereunder initiated prior to the end of such period, until such claim has been satisfied or otherwise
resolved. 
 SECTION 18. Section Headings. The headings contained in this Agreement are inserted for
convenience only and shall not constitute a part hereof or in any way affect the meaning or interpretation of this Agreement. 

SECTION 19. Entire Agreement; Amendments and Waivers.  

(a) Entire Agreement. This Agreement contains the entire understanding of the parties hereto with respect to the subject matter
contained herein. No alteration, amendment, modification, or waiver of any of the terms of this Agreement shall be valid unless made by an instrument signed by an authorized officer of each of Distributing and Controlled, or in the case of a waiver,
by the party against whom the waiver is to be effective. 
 (b) Amendments and Waivers. No failure or delay by any party
in exercising any right, power or privilege hereunder shall operate as a waiver hereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege. This Agreement
shall not be waived, amended or otherwise modified except in writing, duly executed by all of the parties hereto. 

SECTION 20. Governing Law and Interpretation. This Agreement shall be construed and enforced in accordance with the
laws of the State of New York without giving, effect to laws and principles relating to conflicts of law. 

SECTION 21. Dispute Resolution. In the event of any dispute relating to this Agreement, including but not limited to
whether a Tax liability is a liability of the Distributing Group or the Controlled Group, the parties shall work together in good faith to resolve such dispute within 30 days. If the parties are unable to resolve such dispute within 30 days, such
dispute shall be resolved by an accounting firm whose selection shall be reasonably satisfactory to both parties and whose fees and costs shall be shared equally by Distributing and Controlled. 

SECTION 22. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same Agreement. 

 SECTION 23. Assignments; Third Party Beneficiaries. Except as provided
below, this Agreement shall be binding upon and shall inure only to the benefit of the parties hereto and their respective successors and assigns, by merger, acquisition of assets or otherwise (including but not limited to any successor of a party
hereto succeeding to the Tax attributes of such party under applicable law). This Agreement is not intended to benefit any person other than the parties hereto and such successors and assigns, and no such other person shall be a third party
beneficiary hereof. 
 SECTION 24. Authorization, Etc. Each of the parties hereto hereby represents and
warrants that it has the power and authority to execute, deliver and perform this Agreement, that this Agreement has been duly authorized by all necessary corporate action on the part of such party, that this Agreement constitutes a legal, valid and
binding obligation of each such party, and that the execution, delivery and performance of this Agreement by such party does not contravene or conflict with any provision or law or of its charter or bylaws or any agreement, instrument or order
binding on such party. 

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the day and
year first written above. 
  

	
	 Distributing on its own behalf and on behalf of the
     members of the Distributing Group.

	
	By:                             
                                         
                          
	Name:
	Title:
	
	 Controlled on its own behalf and on behalf of the
     members of the Controlled Group.

	
	By:                             
                                         
                          
	Name:
	Title:FORM OF TRANSITION SERVICES AGREEMENT

 EXHIBIT 10.2 
 [FORM OF TRANSITION SERVICES AGREEMENT] 
 by and between 

MURPHY OIL CORPORATION 
 and 
 MURPHY USA INC. 

Dated as of [            ], 2013 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
	ARTICLE 1	  			
	DEFINITIONS	  			
		
	 Section 1.01. Definitions
	  	 	1	  
		
	ARTICLE 2	  			
	PURCHASE AND SALE OF SERVICES	  			
		
	 Section 2.01. Purchase and Sale of Services
	  	 	5	  
	 Section 2.02. Third Party Licenses and Consents
	  	 	6	  
	 Section 2.03. Third Party Providers
	  	 	6	  
	 Section 2.04. Cooperation
	  	 	7	  
		
	ARTICLE 3	  			
	SERVICE COSTS; OTHER CHARGES	  			
		
	 Section 3.01. Service Costs Generally
	  	 	7	  
	 Section 3.02. Taxes
	  	 	7	  
	 Section 3.03. Invoicing and Settlement
	  	 	8	  
		
	ARTICLE 4	  			
	THE SERVICES	  			
		
	 Section 4.01. Standards of Service
	  	 	8	  
	 Section 4.02. Changes to Services
	  	 	9	  
	 Section 4.03. Management of Services By Provider
	  	 	9	  
	 Section 4.04. Liaisons
	  	 	9	  
		
	ARTICLE 5	  			
	DISCLAIMER, LIABILITY AND INDEMNIFICATION	  			
		
	 Section 5.01. EXCLUSION OF WARRANTIES
	  	 	10	  
	 Section 5.02. Limitation of Liability
	  	 	10	  
	 Section 5.03. Indemnification of Provider by Recipient
	  	 	11	  
	 Section 5.04. Indemnification of Recipient by Provider
	  	 	11	  
	 Section 5.05. Indemnification as Exclusive Remedy
	  	 	11	  
	 Section 5.06. Conduct of Proceedings
	  	 	12	  

  
 i 

					
		
	ARTICLE 6	  			
	TERM AND TERMINATION	  			
		
	 Section 6.01. Term
	  	 	12	  
	 Section 6.02. Termination
	  	 	12	  
	 Section 6.03. Effect of Termination
	  	 	13	  
		
	ARTICLE 7	  			
	ADDITIONAL AGREEMENTS	  			
		
	 Section 7.01. Confidential Information
	  	 	14	  
	 Section 7.02. Ownership of Assets
	  	 	15	  
	 Section 7.03. Security
	  	 	16	  
	 Section 7.04. Access to Information and Audit
	  	 	16	  
	 Section 7.05. Compliance with Applicable Law
	  	 	16	  
	 Section 7.06. Labor Matters
	  	 	16	  
	 Section 7.07. Record Retention
	  	 	17	  
		
	ARTICLE 8	  			
	MISCELLANEOUS	  			
		
	 Section 8.01. No Agency; Independent Contractor Status
	  	 	17	  
	 Section 8.02. Subcontractors
	  	 	17	  
	 Section 8.03. Force Majeure
	  	 	18	  
	 Section 8.04. Entire Agreement
	  	 	18	  
	 Section 8.05. Notices
	  	 	18	  
	 Section 8.06. Governing Law
	  	 	19	  
	 Section 8.07. Jurisdiction.
	  	 	19	  
	 Section 8.08. Specific Performance
	  	 	20	  
	 Section 8.09. WAIVER OF JURY TRIAL
	  	 	20	  
	 Section 8.10. Severability
	  	 	20	  
	 Section 8.11. Amendments and Waivers
	  	 	20	  
	 Section 8.12. Successors and Assigns
	  	 	20	  
	 Section 8.13. Third Party Beneficiaries
	  	 	21	  
	 Section 8.14. Counterparts
	  	 	21	  
	 Section 8.15. Construction and Interpretation
	  	 	21	  
	 Section 8.16. Conflict of Terms
	  	 	21	  

 Schedule A Services 

Schedule B Liaisons 

  
 ii 

 [FORM OF TRANSITION SERVICES AGREEMENT] 

This TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of
[            ], 2013 by and between Murphy Oil Corporation, a Delaware corporation (“Murphy Oil”) and Murphy USA Inc., a Delaware corporation (“Murphy
USA”). 
 RECITALS 
 WHEREAS, Murphy Oil and Murphy USA have entered enter into a Separation and Distribution Agreement dated as of [            ], 2013 (as amended
from time to time, the “Separation and Distribution Agreement”) providing for the distribution by Murphy Oil to its shareholders of all of the common stock of Murphy USA; and 

WHEREAS, the Separation and Distribution contemplates that the parties hereto will enter into this Agreement, pursuant to which Murphy
Oil will provide, or cause to be provided, certain services to Murphy USA (and if requested, one or more of its Subsidiaries) and Murphy USA will provide, or cause to be provided, certain services to Murphy Oil (and if requested, one or more of its
Subsidiaries), on the terms and conditions set forth herein. 
 NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, for themselves, their successors and permitted assigns, hereby agree as follows: 
 ARTICLE 1 
 DEFINITIONS 

Section 1.01. Definitions. (a) Any capitalized term that is used herein but not defined herein shall have the meaning
assigned to such term in the Separation and Distribution Agreement. 
 (b) As used in this Agreement, the following terms shall
have the following meanings, applicable both to the singular and the plural forms of the terms described: 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or
under common control with, such other Person. For the purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” 

 
have meanings correlative to the foregoing. Notwithstanding any provision of this Agreement to the contrary (except where the relevant provision states explicitly to the contrary), no member of
the Murphy Oil Group, on the one hand, and no member of the Murphy USA Group, on the other hand, shall be deemed to be an Affiliate of the other. 
 “Applicable Law” means, with respect to any Person, any federal, state, local or foreign law (statutory, common or otherwise), constitution, treaty, convention, ordinance, code, rule,
regulation, order, injunction, judgment, decree, ruling, directive, guidance, instruction, direction, permission, waiver, notice, condition, limitation, restriction or prohibition or other similar requirement enacted, adopted, promulgated, imposed,
issued or applied by a Governmental Authority that is binding upon or applicable to such Person, its properties or assets or its business or operations, as amended unless expressly specified otherwise. 

“Business Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York, New York are
authorized or required by Applicable Law to close. 
 “Change of Control” means, with respect to Murphy Oil or
Murphy USA, the occurrence of any of the following: (i) a “Person” (as such term is used in Sections 13(d) and 14(d)(2) of the Exchange Act) becomes a beneficial owner, directly or indirectly, of equity representing fifty percent
(50%) or more of the total voting power of Murphy Oil’s or Murphy USA’s, as applicable, then outstanding equity capital; (ii) such entity merges into, is consolidated with or effects an amalgamation with another Person, or merges
another Person into such entity, on a basis whereby less than fifty percent (50%) of the total voting power of the surviving Person immediately after such merger, consolidation or amalgamation is represented by equity held directly or
indirectly by former equityholders of (and in respect of their former equity holdings in) such entity immediately prior to such merger, consolidation or amalgamation; and (iii) such entity directly or indirectly sells, transfers or exchanges
all, or substantially all, of its assets to another Person unless at least fifty percent (50%) of the total voting power of the transferee is directly or indirectly owned by the equityholders of Murphy Oil or Murphy USA, as applicable, in
respect of their former equity holdings in Murphy Oil or Murphy USA immediately prior to transfer; provided that in no event shall the consummation, execution or closing of the Spin-Off constitute a Change of Control with respect to Murphy
Oil or Murphy USA. 
 “Distribution” has the meaning set forth in the Separation and Distribution Agreement.

 “Distribution Time” has the meaning set forth in the Separation and Distribution Agreement. 

  
 2 

 “Employee Costs” means with respect to the provision of the applicable
Service by any employee, the product of (i) the hours attributable to the Service, (ii) such employee’s Hourly Rate and (iii) the Intercompany Charge-Out Rate applicable to such employee. 

“Governmental Authority” means any multinational, foreign, federal, state, local or other governmental, statutory or
administrative authority, regulatory body or commission or any court, tribunal or judicial or arbitral authority which has any jurisdiction or control over either party (or any of their Affiliates). 

“Group” means, as the context requires, the Murphy USA Group or the Murphy Oil Group. 

“Hourly Rate” means, (i) with respect to any salaried employee, (A) such employee’s annual salary as of
the Distribution Date (or if such employee was not employed by the Provider or an Affiliate as of the Distribution Date, as of such employee’s initial hiring by the Provider or an Affiliate) divided by (B) 1800 and (ii) with respect
to any hourly employee, such employee’s hourly (non-overtime) wage rate (regardless of whether any applicable hours providing Services are worked on an overtime basis) as of the Distribution Date (or if such employee was not employed by the
Provider or an Affiliate as of the Distribution Date, as of such employee’s initial hiring by the Provider or an Affiliate). 
 “Insolvency Event” means with respect to either party, as applicable, (i) the making by such party of any assignment for the benefit of creditors of all or substantially all of its
assets or the admission by such party in writing of its inability to pay all or substantially all of its debts as they become due; (ii) the adjudication of such party as bankrupt or insolvent or the filing by such party of a petition or
application to any tribunal for the appointment of a trustee or receiver for such party or any substantial part of the assets of such party; or (iii) the commencement of any voluntary or involuntary bankruptcy proceedings (and, with respect to
involuntary bankruptcy proceedings, the failure of such proceedings to be discharged within 60 days), reorganization proceedings or similar proceeding with respect to such party or the entry of an order appointing a trustee or receiver or approving
a petition in any such proceeding. 
 “Intercompany Charge-Out Rate” means with respect to any employee,
Provider’s departmental charge rate applicable to such employee as of the Distribution Date (or, if such employee was not employed by the Provider or an Affiliate as of the Distribution Date, the charge rate that would have been applicable to
such employee on the Distribution Date if he or she had been an employee on such date). 
 “Murphy Oil Entity”
means any member of the Murphy Oil Group. 

  
 3 

 “Murphy Oil Group” means Murphy Oil and its Subsidiaries (other than any
member of the Murphy USA Group), including all predecessors to such Persons. 
 “Murphy Oil Systems” means any
computer hardware or software program or routine or part thereof owned, licensed or provided by any Murphy Oil Entity or any of their suppliers on any Murphy Oil Entity’s behalf, each as modified, maintained or enhanced from time to time by any
Murphy Oil Entity, any Murphy USA Entity or any third party. 
 “Murphy USA Entity” means any member of the
Murphy USA Group. 
 “Murphy USA Group” means Murphy USA and its Subsidiaries as of (and, except where the
context clearly indicates otherwise, after) the Distribution Time and after giving effect to the Restructuring, including all predecessors to such Persons. 
 “Murphy USA Systems” means any computer hardware or software program or routine or part thereof owned, licensed or provided by any Murphy USA Entity or any of their suppliers on any
Murphy USA Entity’s behalf, each as modified, maintained or enhanced from time to time by any Murphy USA Entity, any Murphy Oil Entity or any third party. 
 “Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a Governmental Authority. 

“Provider Group” means, as the context requires, the Murphy Oil Group, in the case of Services to be provided by Murphy
Oil, or the Murphy USA Group, in the case of Services to be provided by Murphy USA. 
 “Recipient Entity” means
any member of the Recipient Group. 
 “Recipient Group” means, as the context requires, the Murphy Oil Group,
in the case of Services to be received by the Murphy Oil Group, or the Murphy USA Group, in the case of Services to be received by the Murphy USA Group. 
 “Schedule” means a Schedule attached hereto forming part of this Agreement. 
 “Service Costs” means the sum of the Provider Group’s (i) reasonable actual out-of-pocket costs attributable to the provision of the applicable Service and
(ii) Provider’s Employee Costs. For purposes of clause (i), and without limitation, the parties agree that such costs with respect to any given good or service will be considered reasonable if the relevant out-of-pocket cost for such good
or service either (x) do not exceed the comparable cost being paid by 

  
 4 

 
Provider or an Affiliate for such good or service prior to the Distribution Time or (y) do not exceed the cost being paid by Provider or an Affiliate for such good or service being rendered
to Provider or its Affiliates not in connection with the provision of the Services. 
 “Subsidiary” means, with
respect to any Person, any other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly
owned by such Person. 
 “Systems” means the Murphy Oil Systems or the Murphy USA Systems, individually, or the
Murphy Oil Systems and the Murphy USA Systems, collectively, as the context may indicate or require. 
 (c) Each of the following
terms is defined in the Section set forth opposite such term: 
  

			
	 Term
	  	Section
	 Actions
	  	5.03
	 Agreement
	  	Preamble
	 Baseline Period
	  	4.01(a)
	 Confidential Information
	  	7.01
	 force majeure
	  	8.03
	 Invoice Date
	  	3.03(a)
	 Liaison
	  	4.04(a)
	 Murphy Oil
	  	Preamble
	 Murphy USA
	  	Preamble
	 Payment Date
	  	3.03(b)
	 Provider
	  	2.01(a)
	 Provider Indemnified Person
	  	5.02
	 Recipient
	  	2.01(a)
	 Recipient Indemnified Person
	  	5.04
	 Separation and Distribution Agreement
	  	Recitals
	 Services
	  	2.01(a)

 ARTICLE 2 
 PURCHASE AND SALE OF SERVICES 
 Section 2.01. Purchase and Sale of Services. (a) On the terms and subject to the conditions of this Agreement and in consideration of the payment of the Service Costs in accordance with
Section 3.01, after the Distribution Time each of Murphy Oil and Murphy USA (each in its capacity as a provider of Services, “Provider”) agrees to provide to the other party (in its capacity as a recipient of Services,
“Recipient”), or procure the provision to Recipient of, and Recipient agrees to purchase from Provider, the transition services set forth on Schedule A as Services to be provided by the relevant Provider (the
“Services”). 

  
 5 

 (b) It is understood that (i) the Services to be provided to Recipient under this
Agreement shall, at Recipient’s request, be provided to any Person that is a Subsidiary of Recipient (and to the extent Services are so provided, references to “Recipient” (and related references) shall be construed accordingly as the
context requires) and (ii) Provider may satisfy its obligation to provide or procure Services hereunder by causing one or more of its Affiliates to provide or procure such Services (and, to the extent Services are so provided, references to
“Provider” (and related references) shall be construed accordingly as the context requires), which Affiliates it may change at its discretion from time to time; provided that Provider shall remain responsible for the performance of
such Affiliates. With respect to Services provided to, or procured on behalf of, any Subsidiary of Recipient, Recipient agrees to pay on behalf of such Subsidiary, or cause such Subsidiary to pay, all amounts payable by or in respect of such
Services pursuant to this Agreement. 
 (c) Except for the Services expressly contemplated to be provided in accordance with this
Section 2.01, Provider shall have no obligation under this Agreement to provide any services to the Recipient Group. Provider agrees to consider in good faith any requests by Recipient for the provision of any additional services. Any such
additional services that Provider agrees to provide will be on such terms and conditions (including pricing) as the parties shall mutually and reasonably agree. 
 Section 2.02. Third Party Licenses and Consents. Provider and Recipient shall use commercially reasonable efforts to obtain, and to keep and maintain in effect, all governmental or third party
licenses and consents required for the provision of any Service by Provider in accordance with the terms of this Agreement; provided that if Provider is unable to obtain any such license or consent, Provider shall promptly notify Recipient in
writing and shall, and shall cause its Affiliates to, use commercially reasonable efforts to implement an appropriate alternative arrangement. The costs relating to obtaining any such licenses or consents shall be borne by Recipient; provided
that Provider shall not incur any such costs without the prior written consent of Recipient. If any such license, consent or alternative arrangement is not available despite the commercially reasonable efforts of Provider and its Affiliates or as a
result of Recipient failing to consent to the incurrence of costs relating to obtaining any such license or consent, Provider shall not be required to provide the affected Services. 

Section 2.03. Third Party Providers. If Provider receives written notice from any third party service provider that such
Person intends to terminate a service pursuant to which Provider provides a Service to Recipient, then Provider 

  
 6 

 
shall provide a copy of such written notice to Recipient and shall use commercially reasonable efforts to secure the continued provision of that service from such third party or an alternative
service provider. If Provider is unable to secure the continued provision of that service from such third party or an alternative service provider, Provider shall not be required to provide the affected Service. 

Section 2.04. Cooperation. Provider and Recipient agree to cooperate in providing for an orderly transition of Services,
including Services terminated pursuant to Section 6.02, to Recipient or a successor service provider designated by Recipient. Such cooperation shall be subject to the provisions hereof relating to the provision of Services including that
Recipient shall pay to Provider the Service Costs related thereto. 
 ARTICLE 3 

SERVICE COSTS; OTHER CHARGES 

Section 3.01. Service Costs Generally. Unless the applicable Schedule hereto expressly provides otherwise (in which event the
parties agree to the costs set forth therein) or the parties agree in writing to a different arrangement, for each period in which Recipient receives a Service hereunder, Recipient shall pay Provider the Service Costs for the applicable Service. In
the case of a termination of any or all Services prior to the End Date (other than (x) a termination under Section 6.02(c) or (y) a termination under Section 6.02(f) arising from Provider suffering an Insolvency Event),
(i) Recipient shall continue to be responsible for the reasonable out-of-pocket costs associated with such Services until the End Date, (ii) Provider shall use reasonable efforts to eliminate such costs referenced in clause (i) as
soon as possible and (iii) until such costs referenced in clause (i) are eliminated they will be treated as Service Costs relating to Services provided prior to termination and may be invoiced as incurred. Provider may not rely on the
prior sentence with respect to the costs for a given contract if the contract was entered into in connection with providing the Services and the term of the contract was more than three months unless Recipient approved Provider entering into such
contract. 
 Section 3.02. Taxes. (a) Recipient shall pay all applicable sales or use taxes incurred with
respect to provision of the Services. Such taxes shall be incremental to other payments or charges identified in this Agreement. 

(b) All sums payable under this Agreement shall be paid free and clear of all deductions or withholdings unless the deduction or
withholding is required by Applicable Law, in which event the amount of the payment due from the party required to make such payment (other than amounts of interest) shall be increased to an amount which after any withholding or deduction leaves an
amount equal to the payment which would have been due if no such deduction or withholding had been required. 

  
 7 

 Section 3.03. Invoicing and Settlement. (a) Unless any Schedule hereto
indicates otherwise or the parties agree in writing to a different arrangement, Provider shall invoice or notify in writing the Recipient on a monthly basis (not later than 30 days after the end of each month) for the charges for Services hereunder
for the prior month (the date of delivery of such invoice, the “Invoice Date”). 
 (b) Recipient agrees to pay
on or before the date (each, a “Payment Date”) that is 30 days after the Invoice Date by wire transfer of immediately available funds payable to the order of Provider to such account(s) designated by Provider all amounts invoiced by
Provider pursuant to Section 3.03(a), except for any portion of those amounts reasonably disputed in good faith. Payment for amounts reasonably disputed in good faith for any Services may be withheld beyond their due date by Recipient until
such dispute is resolved pursuant to Section 4.04, in which event the relevant payment shall include interest at the Interest Rate from the date that is 15 days after the original relevant Payment Date to the actual payment date. In the event
of any overpayments by Recipient, Provider agrees to promptly refund any such overpaid amount to Recipient no later than 15 days from the date it is determined that there has been an overpayment. 

ARTICLE 4 

THE SERVICES 
 Section 4.01. Standards of Service. (a) The level or volume of any specific Service required to be provided to Recipient hereunder shall be at a level or volume consistent in all material
respects with the level or volume, as the case may be, of such specific Service as utilized by the Recipient Group during the twelve month period prior to the Distribution Time (the “Baseline Period”). Provider agrees to consider in
good faith any requests by Recipient to modify the level or volume of any specific Service. Any modification to which Provider agrees will be on such terms and conditions (including pricing) as the parties shall mutually and reasonably agree.

 (b) The manner, nature, quality and standard of care applicable to the delivery by Provider of the Services hereunder shall be
substantially the same as that of similar services which Provider provided to the Recipient Group during the Baseline Period. 

(c) Provider shall have no obligation to provide any Services hereunder in respect of any business, assets or properties not forming part
of the Recipient Group’s business as of the Distribution Time. Provider agrees to consider in good 

  
 8 

 
faith any requests by Recipient for the provision of any additional services that Recipient considers are reasonably necessary to accommodate normal growth in Recipient’s business. Any such
additional services to which Provider agrees will be on such terms and conditions (including pricing) as the parties shall mutually and reasonably agree. 
 Section 4.02. Changes to Services. It is understood and agreed that Provider may from time to time modify or change the manner, nature, quality and/or standard of care of any Service provided
to Recipient to the extent Provider is making a similar change in the performance of such services for the Provider and its Affiliates and provided that any such modification, change or enhancement will not reasonably be expected to materially
affect such Service. Provider shall furnish to Recipient substantially the same notice (in content and timing), if any, as Provider furnishes to its own organization with respect to such modifications or changes. 

Section 4.03. Management of Services By Provider. Except as may otherwise be expressly provided in this Agreement, the
management of and control over the provision of the Services by Provider shall reside solely with Provider and notwithstanding anything to the contrary Provider shall be permitted to choose the personnel, methodology, systems, applications and third
party providers it utilizes in the provision of such Services; provided that Provider shall remain responsible for the performance of the Services in accordance with this Agreement. The provision, use of and access to the Services shall be
subject to (i) Provider’s business, operational and technical environment, standards, policies and procedures as in effect from time to time, (ii) Applicable Law and (iii) the terms of this Agreement. 

Section 4.04. Liaisons. (a) Each party shall designate one representative to act as such party’s primary contact
person in connection with the Services (each, a “Liaison”) and each party may also designate a separate liaison for each Service provided hereunder (who shall act as such party’s primary contact person in connection with the
applicable Service). The Liaisons will oversee the implementation and ongoing operation of this Agreement and shall attempt in good faith to resolve disputes between the parties. The parties have designated their respective initial Liaisons and
provided contact information therefor on Schedule B. The parties shall ensure that their respective Liaisons shall meet in person or telephonically at such times as are reasonably requested by Provider or Recipient to review and discuss the status
of, and any issues arising in connection with, the Services or this Agreement. Each party may re-designate its Liaison from time to time; provided that it shall notify the other party in writing of the name and contact information for the
newly designated Liaison in accordance with Section 8.05. 

  
 9 

 (b) If the Liaisons are unable to make a decision, resolve a dispute or agree upon any
necessary action, the unresolved matter shall be referred to the senior legal officer of each of Murphy Oil and Murphy USA notified to the other party for such purpose from time to time, who shall attempt in good faith within a period of 14 days to
conclusively resolve any such matter. If such senior legal officers of the parties are unable to resolve the dispute within 30 days from the date such dispute was submitted for consideration or such longer period as the parties may agree, either
party may pursue its remedies under Section 8.07. 
 ARTICLE 5 

DISCLAIMER, LIABILITY AND INDEMNIFICATION 

Section 5.01. EXCLUSION OF WARRANTIES. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE SERVICES ARE PROVIDED
“AS-IS” WITH NO WARRANTIES, AND PROVIDER EXPRESSLY EXCLUDES AND DISCLAIMS ANY WARRANTIES UNDER OR ARISING AS A RESULT OF THIS AGREEMENT, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT OR ANY OTHER WARRANTY WHATSOEVER. 

Section 5.02. Limitation of Liability. (a) Recipient agrees that, except for the indemnity obligation set forth in
Section 5.04, none of the Provider or its Affiliates or any of its or their respective directors, officers, agents, consultants, representatives and/or employees (each, a “Provider Indemnified Person”) shall have any liability,
whether direct or indirect, in contract or tort or otherwise, to any Recipient Entity or any other Person for or in connection with the Services rendered or to be rendered by or on behalf of any Provider Indemnified Person pursuant to this
Agreement, the transactions contemplated hereby or any actions or inactions by or on behalf of a Provider Indemnified Person in connection with any such Services or the transactions contemplated hereby, except to the extent any damages have resulted
from such Provider Indemnified Person’s gross negligence or willful misconduct in connection with any such Services, actions or inactions. 
 (b) Notwithstanding the provisions of Section 5.02(a), no Provider Indemnified Person or Recipient Indemnified Person shall be liable for any special, indirect, incidental, consequential or punitive
damages of any kind whatsoever in any way due to, resulting from or arising in connection with any of the Services or the performance of or failure to perform Provider’s or Recipient’s obligations under this Agreement, as applicable,
except to the extent the same are payable by a party or its Affiliates to an unaffiliated third party in respect of a claim by such third party and are covered by the other party’s indemnification obligations hereunder. This disclaimer applies
without limitation (i) to claims arising from the provision of the Services or any failure or delay in connection therewith, (ii) to claims for lost profits or opportunities, (iii) regardless of the form of action, whether in

  
 10 

 
contract, tort (including negligence), strict liability, or otherwise, and (iv) regardless of whether such damages are foreseeable or whether Provider or Recipient, as applicable, or any of
its Affiliates has been advised of the possibility of such damages. 
 (c) In addition to the foregoing, each party hereto agrees
that it shall, in all circumstances, use commercially reasonable efforts to mitigate and otherwise minimize its damages and those of its Affiliates, whether direct or indirect, due to, resulting from or arising in connection with any failure by the
other party to comply fully with its obligations under this Agreement. 
 Section 5.03. Indemnification of Provider by
Recipient. Recipient agrees to indemnify and hold harmless each Provider Indemnified Person from and against any damages, and to reimburse each Provider Indemnified Person for all costs, damages, liabilities and fees and expenses (including
reasonable attorneys’ fees and expenses and any other expenses reasonably incurred in connection with investigating, prosecuting or defending any Action) (collectively, “Losses”) incurred in investigating, preparing, pursuing,
or defending any claim, action, proceeding, or investigation, whether or not in connection with pending or threatened litigation and whether or not any Provider Indemnified Person is a party (collectively, “Actions”), arising out of
or in connection with Services rendered or to be rendered by or on behalf of any Provider Indemnified Person pursuant to this Agreement, the transactions contemplated hereby or any actions or inactions by or on behalf of any Provider Indemnified
Person in connection with any such Services or transactions; provided that Recipient shall not be responsible for any Losses of any Provider Indemnified Person to the extent such Losses have resulted from such Provider Indemnified
Person’s gross negligence or willful misconduct in connection with any of such Services, actions or inactions. 

Section 5.04. Indemnification of Recipient by Provider. Provider agrees to indemnify and hold harmless the Recipient, each of
its Affiliates and its and their respective directors, officers, agents, consultants, representatives and/or employees (each, a “Recipient Indemnified Person”) from and against any Losses incurred (including in investigating,
preparing, or defending any Action) to the extent such Losses have arisen out of the gross negligence or willful misconduct of any Provider Indemnified Person in connection with the Services rendered or to be rendered pursuant to this Agreement.

 Section 5.05. Indemnification as Exclusive Remedy. Without limitation to the termination rights provided under
Sections 6.02(b) and 6.02(c) or to the rights under Section 8.08, the indemnification provisions of this Article 5 shall be the exclusive remedy for money damages for breach of this Agreement and any matters relating to this Agreement.

  
 11 

 Section 5.06. Conduct of Proceedings. Any proceedings relating to
indemnification under Section 5.03 or 5.04 shall be conducted in accordance with the procedures set forth in Section 6.04 of the Separation and Distribution Agreement. 

ARTICLE 6 

TERM AND TERMINATION 
 Section 6.01. Term. Except as otherwise provided in this Article 6 or Section 8.03, the term of this Agreement with respect to each Service shall commence as of the Distribution Time, and
shall cease on the earlier of (i) the date set forth in respect of such Service on the applicable Schedule hereto, (ii) the date that is 18 months after the Distribution Time (the “End Date,” unless extended pursuant to
the proviso below) or (iii) such earlier date as determined in accordance with Section 6.02; provided that upon giving prior written notice to Provider at least 30 days prior to the then-applicable End Date, Recipient may extend the
End Date until a date that is no more than 24 months after the Distribution Time. This Agreement shall terminate in its entirety upon the expiration of the terms (as determined pursuant to the preceding sentence) of all Services; provided
that the provisions of Articles 3, 5, 6 and 8 and Sections 7.01 and 7.02 shall survive any such termination indefinitely. 

Section 6.02. Termination. (a) Recipient may from time to time terminate this Agreement with respect to one or more of
the Services it receives, in whole or in part, upon giving at least 30 days’ prior notice to Provider. 
 (b) Provider may
terminate any Service or any part thereof it provides at any time if Recipient shall have failed to perform any of its material obligations under this Agreement relating to any such Service, Provider has notified Recipient in writing of such failure
and such failure (i) shall have continued uncured for a period of 30 days after receipt by Recipient of written notice of such failure or (ii) is incapable of remedy. For the avoidance of doubt, the failure by Recipient to pay the full
amount of any invoiced amount when due shall be considered a breach of Recipient’s material obligations under this Agreement, unless such failure to pay results from a good faith dispute in accordance with and subject to Section 3.03(b).

 (c) Recipient may terminate any Service it receives as provided in the applicable Schedule or at any time if Provider shall
have failed to perform any of its material obligations under this Agreement relating to any such Service, Recipient has notified Provider in writing of such failure, and such failure (i) shall have continued for a period of 30 days after
receipt by Provider of written notice of such failure or (ii) is incapable of remedy. 

  
 12 

 (d) At any time following announcement of a transaction involving a Change of Control of
Recipient, Provider may elect, by delivery of notice in writing to Recipient, to terminate any or all Services hereunder, such termination to take effect on the date or dates specified by Provider in such notice; provided that without the
written consent of Recipient, no such termination of Service shall occur prior to the closing of such Change of Control transaction. 
 (e) Upon completion of the sale or other disposition of any portion of the Recipient Group’s business, assets or properties, Provider’s obligation to provide any Service in respect of the
business, assets or properties so disposed shall terminate automatically and without any notice or other action by Provider, and the aggregate level or volume of such Service required to be provided to the Recipient (and, in the case of a Service,
if any, for which the cost is not the Service Cost, the service costs payable by Recipient) in respect thereof shall be reduced appropriately; provided that Provider’s obligation hereunder (if any) to provide Services relating to
reporting obligations in respect of such disposed business, assets or properties shall, to the extent related to the period prior to such disposition, not so terminate but, except as the parties may otherwise agree, shall continue until the time
they would have terminated absent this Section 6.02(e). 
 (f) Either party may terminate this Agreement at any time with
immediate effect upon serving written notice upon the other party if the other party suffers an Insolvency Event. 
 (g) For the
avoidance of doubt, any notice of termination under this Section 6.02 shall be delivered in accordance with Section 8.05. 
 Section 6.03. Effect of Termination. (a) Other than as required by Applicable Law, upon termination of any Service pursuant to Section 6.02, Provider shall have no further obligation
to provide the terminated Service and Recipient shall have no obligation to pay any fees relating to such Services; provided that, notwithstanding such termination, (i) Recipient shall remain liable to Provider for Service Costs and
other fees owed and payable in respect of Services provided prior to the effective date of the termination and (ii) Recipient shall be responsible for the costs referred to in the second sentence to Section 3.01 to the extent set forth
therein. 
 (b) Termination of this Agreement as provided for herein shall not prejudice or affect any rights or remedies which
shall have accrued to either party, a Recipient Indemnified Person or a Provider Indemnified Person in respect of Services provided or to have been provided prior to termination. 

  
 13 

 ARTICLE 7 
 ADDITIONAL AGREEMENTS 
 Section 7.01.
Confidential Information. (a) The parties hereby covenant and agree to keep, and to cause its Affiliates to keep, confidential all Confidential Information relating to the other party or any of such other party’s Affiliates. Without
limiting the generality of the foregoing, each party shall, and shall cause its Affiliates and its and their employees and agents to, exercise the same level of care with respect to Confidential Information relating to the other party or any of its
Affiliates as it would with respect to proprietary information, materials and processes relating to itself or any of its Affiliates. “Confidential Information” shall mean all confidential and proprietary information, materials and
processes relating to a party or any Affiliate of such party obtained by the other party or any Affiliate of such other party at any time (whether prior to or after the date hereof) in any format whatsoever (whether orally, visually, in writing,
electronically or in any other form) to the extent arising out of the rendering or receipt of Services hereunder (or preparations for the same or for the termination thereof) and shall include, but not be limited to, economic and business
information or data, business plans, computer software and information relating to employees, vendors, customers, products, financial performance and projections, processes, strategies and systems but shall not include (i) information of the
other party or its Affiliates which is or becomes generally available to the public other than by release in violation of the provisions of this Section 7.01(a), (ii) information of the other party or its Affiliates which is or becomes
available on a non-confidential basis to a party from a source other than the other party or its Affiliates, provided the party in question reasonably believes that such source is not or was not bound by an obligation to the other party or one of
its Affiliates to hold such information confidential and (iii) information developed independently by a party or its Affiliates without use or reference to otherwise Confidential Information of the other party or its Affiliates. Except with the
prior written consent of the other party, each party will, and will cause its Affiliates to, use the other party’s and its Affiliates’ Confidential Information only in connection with the performance of its obligations hereunder and each
party shall, and shall cause its Affiliates to, use commercially reasonable efforts to restrict access to the other party’s and its Affiliates’ Confidential Information to those employees of such party and its Affiliates requiring access
for the purpose of providing or receiving Services hereunder. Notwithstanding any provision of this Section 7.01(a) to the contrary, a party may disclose such portion of the Confidential Information relating to the other party or its Affiliates
to the extent, but only to the extent, the disclosing party reasonably believes that such disclosure is required under Applicable Law or the rules of a Governmental Authority; provided that if permissible under Applicable Law and practicable,
the disclosing party shall first notify the other party hereto of such requirement and allow such party a reasonable opportunity to seek a protective order or other appropriate remedy to prevent such disclosure. The

  
 14 

 
parties acknowledge that money damages would not be a sufficient remedy for any breach of the provisions of this Section 7.01(a) and that the non-breaching party shall be entitled to
equitable relief in a court of law in the event of, or to prevent, a breach of this Section 7.01(a). In the event that a party learns or has reason to believe that Confidential Information of the other party or its Affiliates has been disclosed
or accessed by an unauthorized Person, such party will immediately give notice of such event to its Liaison at the other party. 

(b) Upon the termination of this Agreement, except to the extent otherwise required by Applicable Law and/or its internal policies and
procedures, each party shall, at its election, promptly return to the other party or destroy all Confidential Information of the other received under or pursuant to the performance of this Agreement (including, to the extent practicable, all copies
(in any and all media) and summaries thereof) that is within the such party’s or its Affiliates’ possession, power, custody or control; provided that any Confidential Information retained by such party or its Affiliates has shall
continue to be subject to Section 7.01(a). Promptly upon the request of a party, the other party shall confirm in writing to such first party that it has complied with this Section 7.01(b). 

Section 7.02. Ownership of Assets. (a) Murphy Oil Systems and any and all enhancements thereof or improvements thereto
are and shall remain the sole exclusive property of the Murphy Oil Entities and/or its Affiliates and/or its or their suppliers as applicable. 
 (b) Murphy USA Systems and any and all enhancements thereof or improvements thereto are and shall remain the sole exclusive property of the Murphy USA Entities and/or its Affiliates and/or its or their
suppliers as applicable. 
 (c) With respect to any Systems that a Murphy Oil Entity, a Murphy USA Entity, or any of their
respective Affiliates, as applicable, is required to maintain or enhance hereunder, as between the Murphy Oil Entities and the Murphy USA Entities, all right, title and interest in and to such enhancements and any related documentation, whether
created by the party that provides the Service or any employee, contractor, Affiliate or supplier on such party’s behalf, shall be owned exclusively by and vested exclusively in the party or its Group member by whom the applicable System is
owned, licensed or provided. 
 (d) As between any Murphy Oil Entity, on the one hand, and any Murphy USA Entity, on the other
hand, all right, title and interest in and to all data processed hereunder shall be owned exclusively by the Murphy Oil Entity or the Murphy USA Entity that originally supplied it to the other, provided that all data created hereunder in connection
with the delivery of any Service to Recipient or otherwise on behalf of Recipient shall be owned exclusively by Recipient. Each of Murphy Oil and Murphy USA hereby assign to the other, and shall cause any of its

  
 15 

 
respective employees, contractors, Affiliates, suppliers or third parties performing Services on its behalf pursuant to this Agreement to assign to the other, as applicable, all right, title and
interest that any Murphy Oil Entity or any Murphy USA Entity, as applicable, may have in the other’s or its Affiliates’ data acquired hereunder. 
 Section 7.03. Security. Each party, its Affiliates and their respective employees, authorized agents and subcontractors shall only use or access such other party’s and its
Affiliates’ Systems, premises or data to the extent such Person is authorized by the other party or pursuant to the terms hereof. Each party, its Affiliates and their employees, authorized agents and subcontractors shall comply with the other
party’s and its Affiliates’ policies and procedures in relation to the use and access of the other party’s and its Affiliates’ Systems provided that they do not conflict with the terms of this Agreement; provided that to
the extent such policies and procedures of Recipient make the provision of a given Service impracticable, Provider will be relieved of the obligation to provide such Service; provided further that Provider will give reasonable advance notice
prior to terminating any Services pursuant to the preceding proviso. 
 Section 7.04. Access to Information and Audit.
Subject to Applicable Law, Recipient shall, and shall cause its Affiliates to, with respect to any Service during the term of such Service, upon reasonable advance notice, afford Provider and its representatives reasonable access, during normal
business hours, to the employees, properties, books and records and other documents that are reasonably requested in connection with the provision and receipt of such Service hereunder. Recipient or its representatives shall have reasonable access,
after requesting such access in writing in advance, during normal business hours to such records for the purpose of auditing and verifying the accuracy of the invoices submitted regarding such amounts due. Any such audits performed by or on behalf
of Recipient shall be at Recipient’s sole cost and expense. Recipient shall have the right to audit Provider’s books for a period of one (1) year after the month in which the Services were rendered, except in those circumstances where
contracts by Provider or any of its Affiliates with third parties limit the audit period to less than one year. 

Section 7.05. Compliance with Applicable Law. Each party shall (and shall cause its Affiliates to) at all times fully comply
with all Applicable Law to which such party and its Affiliates (to the extent such Affiliates are engaged in the receipt or provision of Services) is subject in connection with the receipt or provision of Services hereunder, as applicable.

 Section 7.06. Labor Matters. All labor matters relating to employees of Provider and its Affiliates (including,
without limitation, employees involved in the provision of Services to Recipient or any of its Affiliates) shall be within the exclusive control of Provider, and Recipient shall not take any action affecting such matters. Nothing in this Agreement
is intended to transfer the employment of 

  
 16 

 
employees engaged in the provision of any Service from one party or its Affiliates to the other or its Affiliates. All employees and representatives of a party and any of its Affiliates will be
deemed for all compensation, employee benefits, tax and social security contribution purposes to be employees or representatives of such party or its Affiliates (or their subcontractors) and not employees or representatives of the other party or any
of its Affiliates (or their subcontractors). In providing the Services, such employees and representatives of Provider and its Affiliates (or their subcontractors) will be under the direction, control and supervision of Provider or its Affiliates
(or their subcontractors) and not of Recipient or its Affiliates. 
 Section 7.07. Record Retention. Each party
shall take reasonable steps to preserve and maintain complete and accurate accounts, books, and records of and supporting documentation relating to the Services provided hereunder, which records shall be retained by such party and/or its Affiliates
for the period of time specified in such party’s record retention policies and procedures (which shall comply with Applicable Law). 
 ARTICLE 8 
 MISCELLANEOUS 

Section 8.01. No Agency; Independent Contractor Status. Nothing in this Agreement shall constitute or be deemed to constitute
a partnership or joint venture between the parties hereto or constitute or be deemed to constitute any party the agent or employee of the other party for any purpose whatsoever and neither party shall have authority or power to bind the other or to
contract in the name of, or create a liability against, the other in any way or for any purpose. The parties hereto acknowledge and agree that Provider is an independent contractor in the performance of each and every part of this Agreement and
nothing herein shall be construed to be inconsistent with this status. Subject to the terms and conditions of this Agreement, Provider shall have the authority to select the means, methods and manner by which any Service is performed. 

Section 8.02. Subcontractors. Provider may hire or engage one or more subcontractors to perform all or any of its obligations
under this Agreement; provided that, (i) Provider shall use the same degree of care in selecting any subcontractors as it would if such subcontractor was being retained to provide similar services to Provider and (ii) Provider shall
in all cases remain responsible for ensuring that obligations with respect to the standards of services set forth in this Agreement are satisfied with respect to any Service provided by a subcontractor hired or engaged by Provider. 

  
 17 

 Section 8.03. Force Majeure. (a) For purposes of this Section 8.03,
“force majeure” means an event beyond the reasonable control of either party, which by its nature was not foreseen by such party, or, if it was foreseen, was not reasonably avoidable, and includes without limitation, acts of God,
storms, floods, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military authorities, threat, declaration, continuation, escalation or acts of war (declared or undeclared) or acts of terrorism, failure or shortage
of energy sources, raw materials or components, strike, walkout, lockout or other labor trouble or shortage, delays by unaffiliated suppliers or carriers, and acts, omissions or delays in acting by any Governmental Authority or the other party.

 (b) Without limiting the generality of Section 5.02, neither party shall be under any liability for failure to fulfill
any obligation to provide Services under this Agreement, so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered, or delayed as a consequence of circumstances of force majeure; provided that
(i) such party shall have used commercially reasonable efforts to minimize to the extent practicable the effect of force majeure on its obligations hereunder and (ii) nothing in this Section 8.03 shall be construed to require the
settlement of any strike, walkout, lockout or other labor dispute on terms which, in the reasonable judgment of the affected party, are contrary to its interests. It is understood that the settlement of a strike, walkout, lockout or other labor
dispute will be entirely within the discretion of the affected party. The party affected by the force majeure event shall notify the other party of that fact as soon as practicable. 

Section 8.04. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter hereof. 
 Section 8.05. Notices. Any notice, instruction, direction or demand under the terms of this Agreement required to be in writing shall be duly given upon delivery, if delivered by hand,
facsimile transmission, or mail, to the following addresses: 
 If to Murphy Oil to: 

Murphy Oil Corporation 
 200 Peach Street 
 P.O. Box 7000 

El Dorado, Arkansas 71731 
 Attn: 
 Facsimile: 

  
 18 

 If to Murphy USA to: 

Murphy USA Inc. 

200 Peach Street 
 P.O. Box 7300 
 El Dorado, Arkansas 71731 

Attn: 

Facsimile: 
 or such other
address or facsimile number as such party may hereafter specify for the purpose by notice to the other party hereto; provided that any notice of termination under Section 6.02 must be signed by the applicable department head of the
terminating party, or in the case of termination of more than one Service, the applicable department heads of the terminating party, for the relevant Service(s) as set forth on Schedule A. All such notices, requests and other communications shall be
deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed not
to have been received until the next succeeding Business Day in the place of receipt. 
 Section 8.06. Governing
Law. This Agreement shall be governed by and construed in accordance with the law of the State of Arkansas, without regard to the conflicts of law rules of such state. 
 Section 8.07. Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this
Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Western District of Arkansas, El Dorado Division or any Arkansas State court sitting in El Dorado, Arkansas, so long as one of such courts
shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement shall be deemed to have arisen from the transaction of business in the State of Arkansas, and each of the parties
hereby irrevocably consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it
may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit,
action or proceeding may be served on any party at such party’s corporate headquarters. Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 8.05 shall be deemed effective service
of process on such party. 

  
 19 

 Section 8.08. Specific Performance. The parties hereto agree that irreparable
damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the
performance of the terms and provisions hereof in any court set forth in Section 8.07, in addition to any other remedy to which they are entitled at law or in equity. 
 Section 8.09. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 8.10. Severability. If any term, provision,
covenant or restriction of this Agreement is held by a court of competent jurisdiction or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall
remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such a
determination, the parties 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 be consummated as
originally contemplated to the fullest extent possible. 
 Section 8.11. Amendments and Waivers. (a) Any
provision of this Agreement (including the Schedules hereto) may be amended or waived if, and only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by Murphy Oil and Murphy USA, or in the case of a waiver, by
the party against whom the waiver is to be effective. 
 (b) No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by Applicable Law. 
 Section 8.12. Successors
and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that no party may assign, delegate or otherwise transfer any of its
rights or obligations under this Agreement without the prior written consent of the other party hereto. 

  
 20 

 Section 8.13. Third Party Beneficiaries. Except as set forth in Sections 5.02,
5.03 and 5.04, no provision of this Agreement is intended to, or shall, confer any third party beneficiary or other rights or remedies upon any Person other than the parties hereto. 

Section 8.14. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original and all of which, when taken together, shall constitute one agreement. 
 Section 8.15. Construction and
Interpretation. The parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of this Agreement. Each party shall
cause to be performed all actions, agreements and obligations set forth herein to be performed by any member of such party’s Group. 
 Section 8.16. Conflict of Terms. If the terms of this Agreement conflict with terms of the Separation and Distribution Agreement with respect to any matter, then the terms of this Agreement
will control. 
 [Remainder of page intentionally left blank] 

  
 21 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the date first above written. 
  

			
	MURPHY OIL CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	MURPHY USA INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Transition Services Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]