Document:

Exhibit 10.2

 

SECURITY AGREEMENT

 

THIS SECURITY AGREEMENT (this “Agreement”) is executed to be effective as of August 17, 2017, by IMPAC MORTGAGE CORP., a California corporation (hereinafter referred to as “Debtor”), in favor of MERCHANTS BANK OF INDIANA, an Indiana banking institution (hereinafter referred to as “Lender”).

 

Recitals:

 

A.                                    Lender has agreed to extend credit to Debtor in the principal amount of Thirty Million and 00/100 Dollars ($30,000,000.00), as evidenced by a certain Line of Credit Promissory Note of even date herewith executed by Debtor to Lender (the “Note”).

 

B.                                    As security for the payment and performance of the obligations of Debtor to Lender now existing or hereafter incurred, including without implied limitation those obligations arising under the Note, Lender requires that Debtor grant to Lender, and Debtor is willing to grant to Lender, a security interest in the Collateral (hereinafter defined).

 

Agreements:

 

In consideration of the foregoing Recitals and for other good and valuable consideration and to induce Lender to extend credit to Debtor, Debtor, intending to be legally bound, hereby covenants to and agrees with Lender as follows:

 

1.                                      Granting of Security Interest.  Debtor hereby grants and conveys to Lender a security interest in all of Debtor’s right, title and interest in and to the “Servicing Contract Rights” defined as the indivisible, conditional, non-delegable right of Debtor to service mortgage loans owned or guaranteed by (i) the Federal Home Loan Mortgage Corporation (“Freddie Mac”), pursuant to the Freddie Mac Single-Family Seller/Servicer Guide, as it may be amended from time to time (the “Freddie Mac Guide”) and the Purchase Documents (as such term is defined in the Freddie Mac Guide), together with all additions and accessions thereto, replacements and substitutions therefor, products thereof and proceeds therefrom, in each case related to or arising from mortgage loans owned by Freddie Mac (herein referred to collectively as the “Collateral”), to secure the payment and performance (a) of the indebtedness, liabilities and obligations of Debtor to Lender arising from the Note, whether direct or indirect, absolute or contingent, and all increases, extensions, renewals, and modifications thereof, and all costs, expenses or fees incurred by Lender in collection of any amount(s) secured hereby or in enforcing this Agreement, including without limitation, reasonable attorneys’ fees (all such indebtedness and obligations collectively referred to as the “Indebtedness”), and (b) of all other agreements of Debtor herein and in any other agreement executed by Debtor in connection with the Indebtedness.  For the avoidance of doubt, the Collateral does not include Debtor’s rights to servicing advance reimbursements due from Freddie Mac.  The security interest in the Collateral granted pursuant to this Section 1 is subject and subordinate in each and every respect (i) to all rights, powers and prerogatives of Freddie Mac under and in connection with the Freddie Mac Guide and the other Purchase Documents, which rights include, without limitation, the right of Freddie Mac to disqualify (in whole or in part) Debtor as an approved Freddie Mac Seller/Servicer, with or without cause, and the right to terminate (in whole or in part) the unitary, indivisible master servicing contract and to transfer and sell all or any portion of the Servicing Contract Rights, as provided in the Purchase Documents; and (ii) to all claims of Freddie Mac arising out of or relating to any and all breaches, defaults and outstanding obligations of the Debtor to Freddie Mac.

 

2.                                      Representations, Warranties and Covenants of Debtor.  Debtor warrants, represents and covenants to Lender that:

 

(a)                                 The Collateral is now, and/or will be, in the possession or control of Debtor located and kept within the State of California;

 

 

(b)                                 Debtor will not change the location of its principal office or the location of any Collateral, without at least ten (10) days’ prior written notice to Lender;

 

(c)                                  Other than with respect to a security interest granted prior to the date hereof, no future financing statement, security agreement or other lien instrument covering all or any portion of the Collateral has been or will be executed, recorded or filed, except as expressly permitted under this Agreement; and

 

(d)                                 Debtor will pay all Indebtedness to Lender promptly when due.

 

(e)                                  The proceeds of the loan evidenced by the Note will be used only for the following limited purposes: (i) to fund Debtor’s purchase of additional mortgage servicing portfolios; (ii) to effect Debtor’s purchase of a mortgage banking company, and/or (iii) to fund Debtor’s working capital consistent with its residential mortgage business operations.

 

3.                                      Maintenance of Collateral.  Debtor shall be entitled to use and possession of the Collateral until the occurrence of an Event of Default (hereinafter defined) hereunder. The Collateral shall be used in the ordinary course of the operation of Debtor’s business and for no other purpose.  Debtor shall maintain the Collateral in secure fashion, shall pay all taxes and other charges thereon when due and shall defend the Collateral at all times against any and all adverse claims.  Debtor shall not, without the prior written consent of Lender, sell, transfer or convey any of the Collateral.  Debtor shall give prompt notice to Lender of any pledge, encumbrance, assignment or other process or action taken or pending, voluntary or involuntary, whereby a third party is to obtain or is attempting to obtain possession of or any interest in any of the Collateral.

 

4.                                      Limitation on Granting Security Interest.  Debtor and Lender acknowledges and agrees that Debtor’s grant of the security interest pursuant to Section 1 hereof is permitted only for the following limited purposes: (i) to fund Debtor’s purchase of additional servicing portfolios; (ii) to effect Debtor’s purchase of a mortgage banking company or (iii) to fund Debtor’s working capital consistent with its residential mortgage business operations.

 

5.                                      Indemnification.  Debtor agrees to pay, and to save Lender harmless from, any and all liabilities, costs and expenses (including, without limitation, legal fees and expenses) (1) with respect to, or resulting from, any delay in paying, any and all excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral, (2) with respect to, or resulting from, any delay in complying with any requirement of laws applicable to any of the Collateral or (iii) in connection with any of the transactions contemplated by this Agreement, except as a result of the gross negligence or intentional acts of the indemnified party.  In any suit, proceeding or action brought by Lender under any account or contract for any sum owing thereunder, or to enforce any provisions of any account or contract, Debtor will save, indemnify and keep Lender harmless from and against all expense, loss or damage suffered by reason of any defense, setoff, counterclaim recoupment or reduction of liability whatsoever of the account debtor or obligor thereunder, arising out of a breach by Debtor of any obligation thereunder or arising out of any other agreement, indebtedness or liability at any time owing to or in favor of such account debtor or obligor or it successors from Debtor.

 

6.                                      Prohibition Against Transfer and Encumbrances.   Debtor shall not without the prior written consent of Lender (a) create, grant, cause or permit any encumbrance, lien, mortgage, security interest, pledge or other similar interest to burden or affect, or attach to, in any manner or respect, the Collateral, (b) allow the sale, lease, conveyance, transfer, license, assignment or other disposal of, or attempted sale, lease, conveyance, transfer, license, assignment or other disposal of any of the Collateral, whether such event is voluntary, involuntary or by operation of law, or (c) make any covenant with respect to the Collateral (other than to Freddie Mac) which is of a nature identical or similar to any of the foregoing covenants and which is enforceable by any party other than Lender.

 

7.                                      Events of Default.  Each of the following shall constitute an “Event of Default” under this Agreement:

 

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(a)                                 the occurrence of an event of default under the Note or any other agreement, instrument or document executed by Debtor in connection with the Indebtedness, and a failure to cure such default within the applicable cure period specified therein, if any, or under any other agreement, instrument or document executed by Debtor in favor of Lender; or

 

(b)                                 any failure to perform or observe any other of the term(s), covenant(s) or agreement(s) set forth in this Agreement, and a failure to cure such failure within ten (10) business days after notice thereof from Lender to Debtor.

 

8.                                      Remedies.  Lender shall have the right, but not the obligation, to file a Uniform Commercial Code (“UCC”) financing statement in the appropriate records perfecting Lender’s security interest in the Collateral and thereafter, subject to the terms of the Acknowledgement Agreement, dated on or about the date hereof, among Debtor, Lender and Freddie Mac (the “Freddie Mac Acknowledgement Agreement”), take possession of the Collateral and the proceeds thereof and do all acts necessary to enforce or collect the Indebtedness subject to the terms and conditions of the UCC.  Upon repossession, subject in all respects to the terms of the Freddie Mac Acknowledgement Agreement, Lender may retain the Collateral and any proceeds thereof in satisfaction of the obligations secured hereby or sell the Collateral at public or private sale in accordance with the UCC or any other applicable statute. In the event that Lender shall dispose of the Collateral after default, the proceeds of such disposition shall be applied in the following order: (a) to the reasonable expenses of retaking, holding, preparing for sale, selling and the like; (b) to the reasonable attorneys’ fees and legal expenses incurred by Lender; and (c) to the satisfaction of the Indebtedness.  Debtor agrees to release and hold harmless Lender from any and all claims arising out of the repossession of the Collateral.  In addition, upon the occurrence of any Event of Default, Debtor shall pay to Lender all reasonable attorneys’ fees incurred by Lender in the collection of any Indebtedness or the enforcement of any rights under this Agreement or any other agreement or document executed by Debtor in connection with all, or any part of, the Indebtedness and all other costs of collection.  In addition to, and not in lieu of, any other right or remedy of Lender, from and after the occurrence of any Event(s) of Default, the Indebtedness shall bear interest at the per annum default rate of interest specified in the Note until such time as such Event(s) of Default has been cured or the Indebtedness is otherwise paid in full.

 

9.                                      Waiver.  No waiver of any Event of Default or failure or delay to exercise any right or remedy by Lender shall operate as a waiver of any other Event of Default or of the same Event of Default in the future or of any right or remedy with respect to the same or any other occurrence.  All rights and remedies of Lender herein are cumulative and in addition to, not in lieu or limitation of, any rights and remedies Lender may have by law or at equity.

 

10.                               Execution of Documents.  At any time and from time to time, upon written request of Lender, and at the sole expense of Debtor, Debtor will promptly and duly execute and deliver such further instruments and documents and take such further action as Lender may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the UCC in effect from time to time in any jurisdiction with respect to the liens created hereby.  Debtor hereby authorizes Lender to file (i) such financing statements covering the security interests of Lender in the Collateral and (ii) such amendment financing statements and correction statements relating to any financing statement covering the security interests of Lender in the Collateral, as Lender may deem necessary or advisable, at its reasonable discretion, to perfect its security interests and agrees that any filing fees incurred by Lender in connection with the filing of financing statements shall be immediately reimbursable by Debtor to Lender upon demand and shall be secured by this Agreement.

 

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11.                               Notice.  Any written notice required or permitted by this Agreement must be in writing and shall be effective (a) five (5) business days after mailing by certified United States mail, postage prepaid with return receipt requested, or (b) the following business day after deposit (for overnight delivery) with a nationally-recognized commercial overnight carrier which provides for a return receipt, to the applicable addresses specified below:

 

	
if to Debtor:
    	
 
    	
Impac Mortgage Corp.
    
	
 
    	
 
    	
19500 Jamboree Road
    
	
 
    	
 
    	
Irvine, California 92612
    
	
 
    	
 
    	
Attention: Kathy J. Hancock
    
	
 
    	
 
    	
 
    
	
if to Lender:
    	
 
    	
Merchants Bank of Indiana
    
	
 
    	
 
    	
11555 N. Meridian Street, Suite 400
    
	
 
    	
 
    	
Carmel, Indiana 46032
    
	
 
    	
 
    	
Attention:    Michael J. Dunlap
    

 

or, with respect to a party hereto, at such other address as may be specified by such party by notice hereunder.

 

12.                               Modification.  Any modification or rescission of this Agreement shall be ineffective unless in writing and signed by both parties hereto.  Notice of acceptance of this Agreement by Lender is hereby waived by Debtor.

 

13.                               Successors and Assigns.  No obligation or liability hereunder of Debtor may be assigned without the prior written consent of Lender, which consent may be arbitrarily withheld.  This Agreement and all rights and liabilities hereunder shall be binding upon Debtor and Debtor’s successors, assigns and legal representatives and shall inure to the benefit of Lender and Lender’s respective successors, assigns, heirs, beneficiaries and personal and legal representatives.

 

14.                               Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana.

 

15.                               Captions.  The captions or headings herein have been inserted solely for the convenience of reference and in no way define or limit the scope, intent or substance of any provision of this Agreement.  Whenever the context requires or permits the singular shall include the plural, the plural shall include the singular and the masculine, feminine and neuter shall be freely interchangeable.

 

16.                               Invalidity of Any Provision.   If any provision (or portion thereof) of this Agreement or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, then the remainder of this Agreement or the application of such provision (or portion thereof) to any other person or circumstance shall be valid and enforceable to the fullest extent permitted by law.

 

17.                               Freddie Mac Acknowledgment Agreement.  In the event of any conflict between the terms hereof and the terms of the Acknowledgment Agreement by and among the Debtor, the Lender and Freddie Mac, the terms of the Acknowledgment Agreement shall prevail.

 

[Signatures on following page(s)]

 

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IN WITNESS WHEREOF, Debtor has caused this Agreement to be executed by its duly authorized representative effective as of the day and the year first above written.

 

 

	
 
    	
Debtor:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
IMPAC MORTGAGE CORP.,
    
	
 
    	
a California   corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

	
STATE OF                 
    	
)
    	
 
    
	
 
    	
) SS:
    	
 
    
	
COUNTY OF                 
    	
)
    	
 
    

 

Before me, a Notary Public in and for said County and State, personally appeared                            , the                        of Impac Mortgage Corp., a California corporation, who, after having been duly sworn, acknowledged the execution of the foregoing Security Agreement for and on behalf of such corporation.

 

WITNESS my hand and Notarial Seal this            day of                  , 2017.

 

 

	
 
    	
 
    
	
 
    	
(                                     )   Notary Public
    

 

	
My Commission Expires:
    	
 
    	
My County of Residence:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    

 

5EX-10.1

 Exhibit 10.1 

Execution Version 
 SUPPORT
AGREEMENT 
 THIS SUPPORT AGREEMENT, dated as of August 13, 2017 (this “Agreement”), is entered into by and among
Andeavor Logistics LP, a Delaware limited partnership (“TMLP”), Western Refining Logistics, LP, a Delaware limited partnership (“WMLP”), St. Paul Park Refining Co. LLC, a Delaware limited liability company
(“SPP”), and Western Refining Southwest, Inc., an Arizona corporation (“WRS”, and together with SPP, each a “Unitholder” and collectively the “Unitholders”, and each of the
Unitholders, WMLP and TMLP, each a “party” and collectively the “parties”). 
 RECITALS 

WHEREAS, concurrently herewith, TMLP, Tesoro Logistics GP, LLC, a Delaware limited liability company and the general partner of TMLP, WNRL
Merger Sub LLC, a Delaware limited liability company and a wholly owned Subsidiary of TMLP (“LP Merger Sub”), WNRL GP Merger Sub LLC, a Delaware limited liability company and a wholly owned Subsidiary of TMLP (“GP Merger
Sub”), WMLP and Western Refining Logistics GP, LLC, a Delaware limited liability company and the general partner of WMLP (“WMLP GP”), are entering into an Agreement and Plan of Merger (as it may be amended from time to
time, the “Merger Agreement”), pursuant to which (and subject to the terms and conditions set forth therein) (a) LP Merger Sub will be merged with and into WMLP, with WMLP as the sole surviving entity (the
“Merger”), and (b) GP Merger Sub will be merged with and into WMLP GP, with WMLP GP as the sole surviving entity (the “GP Merger”); 

WHEREAS, as of the date hereof, each Unitholder is the Record Holder and beneficial owner in the aggregate of, and has the right to vote and
dispose of, the number of WMLP Common Units set forth opposite such Unitholder’s name on Schedule A hereto (the “Existing Units”); 

WHEREAS, as a condition and inducement to TMLP’s and WMLP’s willingness to enter into the Merger Agreement and to proceed with the
transactions contemplated thereby, including the Merger and the GP Merger, TMLP, WMLP and the Unitholders are entering into this Agreement; and 

WHEREAS, the Unitholders acknowledge that TMLP and WMLP are entering into the Merger Agreement in reliance on the representations, warranties,
covenants and other agreements of the Unitholder set forth in this Agreement and would not enter into the Merger Agreement if the Unitholder did not enter into this Agreement. 

 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound
hereby, TMLP, WMLP and the Unitholders hereby agree as follows: 
 1. Defined Terms. The following capitalized terms, as used in this
Agreement, shall have the meanings set forth below. Capitalized terms used but not defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement. 

“Covered Units” means, with respect to each Unitholder, such Unitholder’s Existing Units, together with any WMLP Common
Units that such Unitholder becomes the Record Holder or beneficial owner of on or after the date hereof. 
 “Proxy
Designee” means a TMLP Proxy Designee or a WMLP Proxy Designee. 
 “Record Holder” has the meaning ascribed
thereto in the WMLP Partnership Agreement. 
 “TMLP Proxy Designee” means a Person designated by the TMLP Conflicts
Committee by written notice to each of the parties, which notice may simultaneously revoke the designation of any Person as a TMLP Proxy Designee. 

“Transfer” means, directly or indirectly, to sell, transfer, assign, pledge, encumber or similarly dispose of (by merger
(including by conversion into securities or other consideration), by tendering into any tender or exchange offer, by testamentary disposition, by operation of law or otherwise), either voluntarily or involuntarily, or to enter into any contract,
option or other arrangement or understanding with respect to the voting of or sale, transfer, assignment, pledge, encumbrance or similar disposition of (by merger, by tendering into any tender or exchange offer, by testamentary disposition, by
operation of law or otherwise); provided that, for the avoidance of doubt, a Transfer shall not include any existing or future pledges or security interests issued by either of the Unitholders in connection with a bona fide loan. 

“WMLP Proxy Designee” means a Person designated by the WMLP Conflicts Committee by written notice to each of the parties,
which notice may simultaneously revoke the designation of any Person as a WMLP Proxy Designee. 
 2. Agreement to Deliver Written
Consent. Prior to the Termination Date (as defined herein), each Unitholder irrevocably and unconditionally agrees that it shall (a) within two (2) Business Days after the Registration Statement becomes effective under the Securities
Act (but, for the avoidance of doubt, not until such Registration Statement becomes effective), deliver (or cause to be delivered) a written consent pursuant to Section 13.11 of the WMLP Partnership Agreement covering all of the Covered Units
approving (in all manners and by each applicable class) the Merger, the Merger Agreement and any other matters necessary for consummation of the Merger and the other transactions contemplated in the Merger Agreement and (b) at any meeting of
the limited partners of WMLP (whether annual or special and whether or not an adjourned or postponed meeting), however called, appear at such meeting or otherwise cause the Covered Units to be counted as present thereat for purpose of establishing a
quorum and vote (or consent), or cause to be voted at such meeting (or validly execute and return and cause such consent to be granted with respect to), all Covered Units (in all manners and by each applicable class) (i) in favor of the Merger,
the Merger Agreement and any other matter necessary for the consummation of the transactions contemplated by the Merger Agreement, including the Merger, and (ii) against (A) any action or agreement that would result in a breach of any covenant,
representation or warranty or any other obligation or agreement of WMLP or any Subsidiary of WMLP contained in the 

  
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Merger Agreement and (B) any other action that could reasonably be expected to impede, interfere with, delay, postpone or adversely affect the Merger or any of the transactions contemplated
by the Merger Agreement or this Agreement. If the Unitholder is the beneficial owner, but not the Record Holder, of any Covered Units, the Unitholder agrees to take all actions necessary to cause the Record Holder and any nominees to vote (or
exercise a consent with respect to) all of such Covered Units in accordance with this Section 2. Except as otherwise set forth in or contemplated by this Agreement, each Unitholder may vote the Covered Units in its
discretion on all matters submitted for the vote of unitholders of WMLP or in connection with any written consent of WMLP’s unitholders in a manner that is not inconsistent with the terms of this Agreement. 

3. Grant of Irrevocable Proxy; Appointment of Proxy. 

(a) FROM AND AFTER THE DATE HEREOF UNTIL THE TERMINATION DATE, THE UNITHOLDERS EACH HEREBY IRREVOCABLY AND UNCONDITIONALLY GRANTS TO, AND
APPOINTS, TOM O’CONNOR AND MICHAEL C. LINN, AND ANY OTHER PROXY DESIGNEE (AS DEFINED ABOVE), EACH OF THEM INDIVIDUALLY, AS THE UNITHOLDERS’ PROXY AND
ATTORNEY-IN-FACT (WITH FULL POWER OF SUBSTITUTION) TO VOTE (OR EXERCISE A WRITTEN CONSENT WITH RESPECT TO) THE COVERED UNITS SOLELY IN ACCORDANCE WITH SECTION 2.
THIS PROXY IS IRREVOCABLE (UNTIL THE TERMINATION DATE AND EXCEPT AS TO ANY PROXY DESIGNEE WHOSE DESIGNATION AS A PROXY DESIGNEE IS REVOKED BY THE TMLP CONFLICTS COMMITTEE OR THE WMLP CONFLICTS COMMITTEE, AS APPLICABLE) AND COUPLED WITH AN INTEREST
AND EACH UNITHOLDER WILL TAKE SUCH FURTHER ACTION OR EXECUTE SUCH OTHER INSTRUMENTS AS MAY BE NECESSARY TO EFFECTUATE THE INTENT OF THIS PROXY AND HEREBY REVOKES ANY OTHER PROXY PREVIOUSLY GRANTED BY THE UNITHOLDERS WITH RESPECT TO THE COVERED UNITS
(AND EACH UNITHOLDER HEREBY REPRESENTS TO WMLP AND TMLP THAT ANY SUCH OTHER PROXY IS REVOCABLE). 
 (b) The proxy granted in this
Section 3 shall automatically expire upon the termination of this Agreement. 
 4. No Inconsistent
Agreements. Each Unitholder hereby represents, covenants and agrees that, except as contemplated by this Agreement, it (a) has not entered into, and shall not enter into at any time prior to the Termination Date, any voting agreement or
voting trust with respect to any Covered Units and (b) has not granted, and shall not grant at any time prior to the Termination Date, a proxy or power of attorney with respect to any Covered Units, in either case, which is inconsistent with
the Unitholder’s obligations pursuant to this Agreement. 
 5. Termination. This Agreement shall terminate upon the earliest of
(a) the Effective Time, (b) the termination of the Merger Agreement in accordance with its terms and (c) the mutual written agreement of the parties to terminate this Agreement (such earliest date being referred to herein as the
“Termination Date”); provided that the provisions set forth in Sections 13 to 24 shall survive the termination of this Agreement; provided further that any liability incurred by any party as a
result of a breach of a term or condition of this Agreement prior to such termination shall survive the termination of this Agreement. 

  
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 6. Representations and Warranties of the Unitholder. The Unitholders hereby jointly and
severally represent and warrant to TMLP and WMLP as follows: 
 (a) Each Unitholder is the Record Holder and beneficial owner of, and has
good and valid title to, its Covered Units, free and clear of Liens other than as created by this Agreement. Each Unitholder has voting power, power of disposition, and power to agree to all of the matters set forth in this Agreement, in each case
with respect to all of its Covered Units. As of the date hereof, other than the Existing Units, the WMLP Incentive Distribution Rights, the WMLP GP Interest and the TexNew Mex Units, neither Unitholder is a Record Holder nor owns beneficially any
(i) units or voting securities of WMLP, (ii) securities of WMLP convertible into or exchangeable for units or voting securities of WMLP or (iii) options or other rights to acquire from WMLP any units, voting securities or securities
convertible into or exchangeable for units or voting securities of WMLP. The Covered Units are not subject to any voting trust agreement or other contract to which a Unitholder is a party restricting or otherwise relating to the voting or Transfer
of the Covered Units. Neither Unitholder has appointed or granted any proxy or power of attorney that is still in effect with respect to any Covered Units, except as contemplated by this Agreement. 

(b) Each Unitholder is duly organized, validly existing and in good standing under the laws of its jurisdiction or incorporation and has all
requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by each Unitholder, the performance by each Unitholder of its obligations
hereunder and the consummation by each Unitholder of the transactions contemplated hereby have been duly and validly authorized by the Unitholder and no other actions or proceedings on the part of the Unitholder are necessary to authorize the
execution and delivery by each Unitholder of this Agreement, the performance by each Unitholder of its obligations hereunder or the consummation by each Unitholder of the transactions contemplated hereby. This Agreement has been duly and validly
executed and delivered by each Unitholder and, assuming due authorization, execution and delivery by TMLP and WMLP, constitutes a legal, valid and binding obligation of each Unitholder, enforceable against each Unitholder in accordance with its
terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a
proceeding in equity or at law). 
 (c) Except for the applicable requirements of the Exchange Act, (i) no filing with, and no permit,
authorization, consent or approval of, any Governmental Entity is necessary on the part of either Unitholder for the execution, delivery and performance of this Agreement by each Unitholder or the consummation by each Unitholder of the transactions
contemplated hereby and (ii) neither the execution, delivery or performance of this Agreement by either Unitholder nor the consummation by each Unitholder of the transactions contemplated hereby nor compliance by each Unitholder with any of the
provisions hereof shall (A) conflict with or violate, any provision of the organizational documents of either Unitholder, (B) result in any breach or violation of, or constitute a default (or an event which, with notice or lapse of time or
both, would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a Lien on such property or asset of either Unitholder pursuant to, any contract to which
either Unitholder is a party or by which either Unitholder or any property or asset of the Unitholder is bound or affected or (C) violate any order, writ, injunction, decree, statute, rule 

  
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or regulation applicable to either Unitholder or any of either Unitholder’s properties or assets except, in the case of clause (B) or (C), for breaches, violations or defaults that
would not, individually or in the aggregate, materially impair the ability of either Unitholder to perform its obligations hereunder. 
 (d)
As of the date of this Agreement, there is no action, suit, investigation, complaint or other proceeding pending against either Unitholder or, to the knowledge of the Unitholders, any other Person or, to the knowledge of the Unitholders, threatened
against either Unitholder or any other Person that restricts or prohibits (or, if successful, would restrict or prohibit) the exercise by TMLP and WMLP of their rights under this Agreement or the performance by any party of its obligations under
this Agreement. 
 (e) Each Unitholder understands and acknowledges that TMLP and WMLP are entering into the Merger Agreement in reliance
upon the Unitholders’ execution and delivery of this Agreement and the representations and warranties of the Unitholders contained herein. 

(f) Each Unitholder is an Affiliate of WMLP GP. 

7. Certain Covenants of the Unitholder. Each Unitholder hereby covenants and agrees as follows, in each case except as otherwise
approved in writing by TMLP and WMLP: 
 (a) Prior to the Termination Date, and except as contemplated hereby, neither Unitholder
shall (i) Transfer, or enter into any contract, option, agreement or other arrangement or understanding with respect to the Transfer of any of the Covered Units or beneficial ownership or voting power thereof or therein (including by
operation of law), (ii) grant any proxies or powers of attorney, deposit any Covered Units into a voting trust or enter into a voting agreement with respect to any Covered Units or (iii) knowingly take any action that would make any
representation or warranty of either Unitholder contained herein untrue or incorrect or have the effect of preventing or disabling either Unitholder from performing its obligations under this Agreement; provided that the foregoing shall not include
or prohibit pledges or security interests (or the foreclosure thereof) relating to existing or future bona fide loans that do not prevent or disable either Unitholder from performing its obligations under this Agreement. Notwithstanding anything to
the contrary in this Agreement, a Unitholder may Transfer any or all of the Covered Units, in accordance with applicable Law, to Andeavor or any of its Subsidiaries; provided that prior to and as a condition to the effectiveness of such Transfer,
(i) each Person to whom any of such Covered Units or any interest in any of such Covered Units is or may be Transferred shall have executed and delivered to TMLP and WMLP a counterpart of this Agreement pursuant to which such Person shall be
bound by all of the terms and provisions of this Agreement as if such Person were the Unitholder and (ii) Andeavor or its Subsidiary, as relevant, is an Affiliate of WMLP GP. Any Transfer in violation of this provision shall be void. 

(b) Prior to the Termination Date, in the event that a Unitholder becomes the Record Holder or acquires beneficial ownership of, or the power
to vote or direct the voting of, any additional WMLP Common Units or other voting interests with respect to WMLP, such Unitholder will promptly notify TMLP and WMLP of such WMLP Common Units or voting interests, such WMLP Common Units or voting
interests shall, without further action of the parties, be deemed Covered Units and subject to the provisions of this Agreement, and the number 

  
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of WMLP Common Units held by the Unitholder set forth on Schedule A hereto will be deemed amended accordingly and such WMLP Common Units or voting interests shall automatically become
subject to the terms of this Agreement. 
 8. Transfer Agent. Each Unitholder hereby authorizes TMLP or its counsel to notify
WMLP’s transfer agent that there is a stop transfer order with respect to all Covered Units (and that this Agreement places limits on the voting and Transfer of such Covered Units); provided, however, that TMLP or its counsel will further
notify WMLP’s transfer agent to lift and vacate the stop transfer order with respect to the Covered Units on the earlier of (a) the date on which the written consent of the Unitholder is delivered in accordance with
Section 2 and (b) the Termination Date. 
 9. Unitholder Capacity. This Agreement is being entered
into by the Unitholders solely in their capacity as a holder of WMLP Common Units, and nothing in this Agreement shall restrict or limit the ability of the Unitholders or any Affiliate or any employee thereof who is a director or officer of WMLP or
WMLP GP to take any action in his or her capacity as a director or officer of WMLP or WMLP GP to the extent specifically permitted by the Merger Agreement. 

10. Disclosure. The Unitholders hereby authorize TMLP and WMLP to publish and disclose in any announcement or disclosure required by
the SEC and in the Proxy/Prospectus the Unitholder’s identity and ownership of the Covered Units and the nature of the Unitholders’ obligations under this Agreement. 

11. No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in TMLP or WMLP any direct or indirect ownership
or incidence of ownership of or with respect to any Covered Units. All rights, ownership and economic benefit relating to the Covered Units shall remain vested in and belong to the Unitholders, and TMLP and WMLP shall have no authority to direct the
Unitholders in the voting or disposition of any of the Covered Units, except as otherwise provided herein. 
 12. Non-Survival of Representations and Warranties. The representations and warranties of the Unitholders contained herein shall not survive the closing of the transactions contemplated hereby and by the Merger
Agreement. 
 13. Amendment and Modification. Subject to the provisions of the applicable Laws, at any time prior to the Effective
Time, the parties may modify or amend this Agreement, by written agreement of the parties; provided, however, that any such amendments or modifications must be approved (a) in the case of amendments or modifications by TMLP, the TMLP Board and
(b) in the case of amendments or modifications by WMLP, the WMLP Conflicts Committee; provided, further, however, that the TMLP Board may not take or authorize any such action without the prior written approval of the TMLP Conflicts Committee.
Whenever a determination, decision, approval, waiver, consent or notice of WMLP or TMLP is permitted or required pursuant to this Agreement, such determination, decision, approval, waiver, consent or notice must be authorized by the WMLP Conflicts
Committee, in the case of WMLP, or the TMLP Board and the TLMP Conflicts Committee, in the case of TMLP.  
 14.
Waiver. The failure of any party to assert any of its rights hereunder or under 

  
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applicable Law shall not constitute a waiver of such rights and, except as otherwise expressly provided herein, no single or partial exercise by any party of any of its rights hereunder precludes
any other or further exercise of such rights or any other rights hereunder or under applicable Law. 
 15. Notices. Any notice,
request, instruction or other document to be given hereunder by any party to the others shall be in writing and delivered personally or sent by registered or certified mail, postage prepaid, by facsimile, email or overnight courier: 

 

	 	(i)	If to the Unitholders: 

  

			
	 c/o Andeavor
 19100 Ridgewood Pkwy,
San Antonio, TX 78259

	Attn:	  	Charles A. Cavallo III
	Telephone:	  	(210) 626-4045
	Facsimile:	  	(210) 745-4494
	Email:	  	Charles.A.Cavallo@tsocorp.com

 With a copy to: 
  

			
	 Sullivan & Cromwell LLP,

125 Broad Street, New York, NY 10004

	Attn:	  	Francis J. Aquila
Krishna Veeraraghavan
	Telephone:	  	(212) 558-3000
	Facsimile:	  	(212) 558-3588
	Email:	  	 aquilaf@sullcrom.com

veeraraghavank@sullcrom.com

  

	 	(ii)	If to TMLP: 

  

			
	 c/o Andeavor
 19100 Ridgewood Pkwy,
San Antonio, TX 78259

	Attn:	  	Charles A. Cavallo III
	Telephone:	  	(210) 626-4045
	Facsimile:	  	(210) 745-4494
	Email:	  	Charles.A.Cavallo@tsocorp.com

 With a copy to: 
  

			
	Latham & Watkins LLP
	811 Main Street, Suite 3700, Houston, TX 77002
	Attn:	  	 Sean Wheeler
 Debbie Yee

  
 -7- 

			
	Telephone:	  	(713) 546-7827
	Facsimile:	  	(713) 546-5401
	Email:	  	 Sean.Wheeler@lw.com

Debbie.Yee@lw.com

 With a copy to: 
  

			
	 Sullivan & Cromwell LLP,

125 Broad Street, New York, NY 10004

	Attn:	  	Francis J. Aquila
Krishna Veeraraghavan
	Telephone:	  	(212) 558-3000
	Facsimile:	  	(212) 558-3588
	Email:	  	 aquilaf@sullcrom.com

veeraraghavank@sullcrom.com

 With a copy to: 
  

			
	 Andrews Kurth Kenyon LLP,
 600
Travis Street, Suite 4200, Houston, TX 77002

	Attn:	  	Robert V. Jewell
John B. Clutterbuck
	Telephone:	  	(713) 220-4730
	Facsimile:	  	(713) 220-4285
	Email:	  	 bjewell@andrewskurth.com

johnclutterbuck@andrewskurth.com

  

	 	(iii)	If to WMLP: 

  

			
	 c/o Andeavor
 1205 W. Washington
St., Suite 101, Tempe, AZ 85281

	Attn:	  	Todd Stanley
	Telephone:	  	(602) 286-1417
	Facsimile:	  	(602) 797-2676
	Email:	  	David.T.Stanley@andeavor.com

 With a copy to: 
  

			
	 Bracewell LLP
 711 Louisiana Street,
Suite 2300, Houston, TX 77002

	Attn:	  	 W. Cleland Dade
 William S.
Anderson

	Telephone:	  	(713) 221-1314
	Facsimile:	  	(713) 222-3243

  
 -8- 

			
	Email:	  	 cle.dade@bracewell.com

will.anderson@bracewell.com

 With a copy to: 
  

			
	 Vinson & Elkins LLP
 1001
Fannin Street, Suite 2500, Houston, TX 77002

	Attn:	  	 Lande Alexandra Spottswood
 Alan
Beck

	Telephone:	  	(713) 758-2326
	Facsimile:	  	(713) 615-5171
	Email:	  	 lspottswood@velaw.com

abeck@velaw.com

 16. Entire Agreement. This Agreement, the Merger Agreement (including any exhibits thereto), the WMLP
Disclosure Letter, the TMLP Disclosure Letter and the Confidentiality Agreement between, inter alia, TMLP and WMLP dated as of May 1, 2017 constitute the entire agreement and supersede all other prior agreements, understandings,
representations and warranties both written and oral, among the parties, with respect to the subject matter hereof. 
 17. No Third-Party
Beneficiaries. Nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties and their respective successors and permitted assigns any legal or equitable right, benefit or remedy of any
nature under or by reason of this Agreement, with the exception of those rights conferred to the TMLP Board and TMLP Conflicts Committee and the WMLP Conflicts Committee in Section 13. 

18. GOVERNING LAW AND VENUE. THIS AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND
GOVERNED BY AND IN ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF TO THE EXTENT THAT SUCH PRINCIPLES WOULD DIRECT A MATTER TO ANOTHER JURISDICTION. The parties hereby irrevocably submit to
the personal jurisdiction of the Court of Chancery of the State of Delaware or, if such Court of Chancery shall lack subject matter jurisdiction, the Federal courts of the United States of America located in the State of Delaware, solely in respect
of the interpretation and enforcement of the provisions of (and any claim or cause of action arising under or relating to) this Agreement, and in respect of the transactions contemplated by this Agreement, and hereby waive, and agree not to assert,
as a defense in any action, suit or proceeding for the interpretation or enforcement hereof that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in said courts or that the venue thereof may
not be appropriate or that this Agreement may not be enforced in or by such courts, and the parties irrevocably agree that all claims relating to such action, proceeding or transactions shall be heard and determined in such courts. The parties
hereby consent to and grant any such court jurisdiction over the person of such parties and, to the extent permitted by Law, over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such action
or proceeding in the manner provided in Section 15 or in such other manner as may be permitted by Law shall be valid and sufficient service thereof. 

  
 -9- 

 19. WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH
MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION OR PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES
THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 19. 

20. Specific Performance. The parties agree that irreparable damage would occur in the event that any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement in the Court of Chancery of the State of Delaware or, if said Court of Chancery shall lack subject matter jurisdiction, any Federal court of the United States of America located in the County
of New Castle, Delaware, this being in addition to any other remedy to which such party is entitled at law or in equity. In the event that any action is brought in equity to enforce the provisions of this Agreement, no party shall allege, and each
party hereby waives the defense or counterclaim, that there is an adequate remedy at law. Each party further agrees that no other party or any other Person shall be required to obtain, furnish or post any bond or similar instrument in connection
with or as a condition to obtaining any remedy referred to in this Section 20, and each party irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument.

 21. Assignment; Successors. This Agreement shall not be assignable by operation of law or otherwise; provided,
however, that TMLP may assign all or any of its rights and obligations hereunder to any direct or indirect wholly owned Subsidiary of TMLP, WMLP may assign all or any of its rights and obligations hereunder to any direct or indirect wholly
owned Subsidiary of WMLP, and a Unitholder may Transfer any or all of the Covered Units in accordance with Section 7(a); provided further that no assignment shall limit the assignor’s obligations
hereunder. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns. Any purported assignment in violation of this Agreement shall
be null and void. 
 22. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or
unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application of such provision to 

  
 -10- 

 
any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and
enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or
unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application of such provision, in any other jurisdiction. 

23. Counterparts. This Agreement may be executed in any number of counterparts, each such counterpart being deemed to be an original
instrument, and all such counterparts shall together constitute the same agreement. 
 24. No Presumption Against Drafting Party. The
parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 
 [The
remainder of this page is intentionally left blank.] 

  
 -11- 

 IN WITNESS WHEREOF, TMLP, WMLP, and the Unitholders have caused to be executed or executed this
Agreement as of the date first written above. 
  

			
	ANDEAVOR LOGISTICS LP
	
	 By: Tesoro Logistics GP, LLC, its

       general partner

		
	By	 	 /s/ Steven M. Sterin

		 	Name: Steven M. Sterin
		 	Title: Chief Financial Officer and President
	
	WESTERN REFINING LOGISTICS, LP
	
	 By: Western Refining Logistics GP,

       LLC, its general partner

		
	By	 	 /s/ C. Douglas Johnson

		 	Name: C. Douglas Johnson
		 	Title: President
	
	ST. PAUL PARK REFINING CO. LLC
		
	By	 	 /s/ Gregory J. Goff

		 	Name: Gregory J. Goff
		 	Title: President and Chief Executive Officer
	
	WESTERN REFINING SOUTHWEST, INC.
		
	By	 	 /s/ Gregory J. Goff

		 	Name: Gregory J. Goff
		 	Title: President and Chief Executive Officer

 [Signature Page to Support Agreement] 

 SCHEDULE A 
  

			
	 Unitholder
	  	 Existing Units

		
	 St. Paul Park Refining Co. LLC
	  	WMLP Common Units: 628,224
		
	 Western Refining Southwest, Inc.
	  	WMLP Common Units: 31,390,623

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