Document:

EXHIBIT 10.2

 Exhibit 10.2 
 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 
  

 
  

STOCK PURCHASE AGREEMENT 
 between 
 VALERO REFINING AND MARKETING COMPANY 

and 

PBF HOLDING COMPANY LLC 
 dated 
 September 24, 2010 

 
  

 

 EXHIBITS 
  

			
	 Exhibit A
	  	Assignment of Contracts
	 Exhibit B-1
	  	Buyer Guaranty
	 Exhibit B-2
	  	Seller Guaranty
	 Exhibit C
	  	Loan Terms
	 Exhibit D
	  	Dispute Resolution Procedures
	 Exhibit E
	  	Environmental Agreement
	 Exhibit F
	  	Feedstock and Product Inventory Sales Agreement
	 Exhibit G
	  	Knowledge Individuals
	 Exhibit H
	  	Offtake Agreement
	 Exhibit I
	  	Transition Services Agreement
	 Exhibit J
	  	Employee Matters
	 Exhibit K
	  	Access Easement
	 Exhibit L
	  	Bill of Sale

 SELLER’S DISCLOSURE SCHEDULES 

 

			
	 Section
	  	 Description

		
	 1.1(a)
	  	Refinery Land
	 1.1(b)
	  	Seller Officers and Directors
	 2.4(a)(i)
	  	Wire Transfer Instructions
	 2.6(b)
	  	Retained Litigation
	 3.3(a)
	  	Seller Third Person Consents
	 3.3(b)
	  	Seller Governmental Authorizations
	 3.5
	  	Ownership of Shares
	 4.2
	  	Company Financial Statements
	 4.3(c)
	  	Real Property Leases
	 4.3(d)
	  	Fixed Assets
	 4.4(a)-1
	  	Material Company Contracts
	 4.4(a)-2
	  	Seller Contracts
	 4.4(b)
	  	Excluded Contracts
	 4.6
	  	Compliance with Law
	 4.7
	  	Litigation
	 4.8
	  	Insurance
	 4.9(a)
	  	Employees
	 4.10
	  	Company Plans and Company Benefit Obligations
	 4.11(a)
	  	Collective Bargaining Agreement
	 4.11(b)
	  	Labor Matters
	 4.12
	  	Taxes
	 4.13(a)
	  	Intellectual Property Matters
	 4.13(b)
	  	Process Licenses
	 6.1
	  	Operation of the Business
	 8.4(d)
	  	Tax Matters
	 8.5
	  	Rail Cars

  
 i 

			
	 8.8
	  	Owned Vehicles
	 8.10
	  	Valero Acquisition Guaranty
	 8.11(d)(i)
	  	Excluded Software
	 8.11(d)(ii)
	  	Transferred Software

 BUYER’S DISCLOSURE SCHEDULES 

 

			
	 Section
	  	 Description

		
	 5.3(a)
	  	Buyer Third Person Consents
	 5.3(b)
	  	Buyer Governmental Authorizations

  
 ii 

 STOCK PURCHASE AGREEMENT 

This Stock Purchase Agreement (this “Agreement”) is entered into as of September 24, 2010 (the “Execution
Date”), by and among VALERO REFINING AND MARKETING COMPANY, a Delaware corporation (“Seller”), PBF HOLDING COMPANY LLC, a Delaware limited liability company (“Buyer”), and, for the limited
purposes set forth herein, VALERO REFINING COMPANY-NEW JERSEY, a Delaware corporation (the “Company”). 

RECITALS 

A. Seller is a wholly owned subsidiary of Valero Energy Corporation, a Delaware corporation (“Valero”), and owns all of
the Shares (as defined below) of the Company. 
 B. Seller desires to sell to Buyer, and Buyer desires to purchase from Seller,
the Shares. 
 C. In order to induce Buyer to buy the Shares and Seller to sell the Shares, Valero and the Buyer Guarantor have
executed and delivered the Seller Guaranty and the Buyer Guaranty, respectively, on the date hereof. 
 NOW, THEREFORE, in
consideration of the foregoing premises and the representations, warranties and covenants contained herein, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS AND CONSTRTUCTION 

Section 1.1 Definitions. As used in this Agreement (including in the Recitals), the following terms shall have the
following meanings: 
 “Access Easement” has the meaning given such term in Section 8.10.

 “Affiliate” means any Person that directly, or indirectly through one or more intermediaries, controls or is
controlled by or is under common control with the Person specified. For purposes of this definition, control of a Person means the power, direct or indirect, to direct or cause the direction of the management and policies of such Person whether by
contract or otherwise, and ownership of 50% or more of the voting securities of another Person shall create a rebuttable presumption that such Person controls such other Person. 

“Agreement” has the meaning given such term in the preamble of this Agreement. 

“Applicable Rate” means a rate per annum which shall be equal to the sum of LIBOR plus 2.0%. 

“Assets” means the Refinery, the Real Property, unit fills (all hydrocarbons and other materials in the process units
but excluding interconnecting line fills), improvements owned by the Company (except for assets and properties sold, consumed or otherwise disposed of in the 

  
 1 

 
ordinary course of business since the Balance Sheet Date) and located on or attached or affixed to the Real Property, and all fixed assets, equipment and all other assets and rights owned or
leased by, or licensed to or used by the Company, including all books and records of the Company, in each case, used in the day-to-day operation of the Business as it is currently operated, together with (i) all of VMSC’s right, title and
interest in and to any customer lists, customer contracts (to the extent assignable and not included as Excluded Contracts), Intellectual Property (or rights to use Intellectual Property), systems and processes (other than any Excluded Software),
brand names and other marketing related information and data, used by VMSC and Seller’s Affiliates (other than the Company) exclusively in the marketing and distribution of lubricant base oils or lubricant products sold from the Refinery
(collectively, the “Marketing Assets”), and (ii) any and all rights of the Company under the contracts and agreements to which the Company is a party, and the rights to be assigned to the Company under Seller Contracts pursuant
to this Agreement; but excluding the Excluded Assets. 
 “Assignment of Contracts” shall mean an assignment and
assumption of contracts covering Seller Contracts in the form of Exhibit A attached hereto. 

“Authorization” means any franchise, permit, license, authorization, order, certificate, registration, variance,
settlement, compliance plan or other consent or approval granted by any Governmental Authority (i) under any Law, or (ii) under or pursuant to any Judgment or contract with any such Governmental Authority. 

“Balance Sheet” means the unaudited balance sheet of the Company as of the Balance Sheet Date. 

“Balance Sheet Date” means June 30, 2010. 
 “Base Purchase Price” has the meaning given such term in Section 2.2. 
 “Bill of Sale” shall mean a bill of sale covering Marketing Assets in the form of Exhibit L attached hereto. 

“Breach Notice” has the meaning given such term in Section 6.3. 

“Business” means the business, subject to the liabilities and obligations of the Company related thereto, conducted by
the Company, including the ownership and/or operation of the Refinery and Assets. 
 “Business Day” means a day
other than Saturday, Sunday or any day on which banks located in the State of New York are authorized or obligated to close. 

“Buyer” has the meaning given such term in the preamble of this Agreement. 

“Buyer Guarantor” means PBF Energy Company LLC, a Delaware limited liability company. 

  
 2 

 “Buyer Guaranty” means the guaranty agreement that has been issued by the
Buyer Guarantor and delivered to Seller on the Execution Date, a copy of which is attached hereto as Exhibit B-1. 

“Buyer Indemnitees” means Buyer, its Affiliates and their respective officers, directors, employees, partners, agents,
representatives (including any officers, directors, employees, agents or representatives of the Company appointed or retained by Buyer or the Company after the Closing or otherwise acting at the direction of Buyer, the Company or its Affiliates
after the Closing), and their permitted successors and assigns. 
 “Buyer Third Person Consent” means any Third
Person Consent required under (i) any organizational document of Buyer, or (ii) any contract to which Buyer is a party or by which it or its assets are bound. 
 “Buyer’s Pension” shall have the meaning given such term in Exhibit J. 
 “Buyer’s Plans” has the meaning given such term in Exhibit J. 
 “Buyer’s Savings Plan” has the meaning given such term in Exhibit J . 
 “Casualty” has the meaning given such term in Section 10.1. 
 “Claim” means any demand, claim, action, investigation, inquiry, notice of violation, legal proceeding or arbitration, whether or not ultimately determined to be valid. 

“Claiming Employee” has the meaning given such term in Exhibit J. 

“Closing” and “Closing Date” have the meanings given such terms in Section 2.3. 

“Closing Year” has the meaning given such term in Exhibit J. 

“Code” means the Internal Revenue Code of 1986, as amended. Any reference herein to a specific section or sections of
the Code shall be deemed to include a reference to any corresponding provision of future law. 
 “Collective Bargaining
Agreement” has the meaning given such term in Section 4.11(a). 
 “Company” has the
meaning given such term in the preamble of this Agreement. 
 “Company Benefit Obligations” means all
obligations, arrangements, policies, or customary practices (other than those contained in or provided under the Company Plans), whether or not legally enforceable and whether written or oral, to provide benefits (other than salary or wages) to
present or former directors, officers or employees of the Company or its ERISA Affiliates. Company Benefit Obligations also include consulting agreements under which the compensation paid does not depend upon the amount of the service rendered,
sabbatical policies, severance payment policies, fringe benefits within the meaning of Code Section 132, workers’ compensation plans, cafeteria plans, disability benefits, supplemental unemployment benefits, vacation benefits, deferred
compensation, bonus or other incentive compensation, and equity-based rights or compensation. 

  
 3 

 “Company Rail Car” has the meaning given such term in
Section 8.5(b). 
 “Company Plan” means all pension plans, as defined in Section 3(2) of ERISA
(“Pension Plans”) and welfare plans, as defined in Section 3(1) of ERISA (“Welfare Plans”), which the Company or an ERISA Affiliate maintains, administers, or contributes to, or is required to contribute to, or
within the five years prior to the Closing Date, maintained, administered, contributed to or was required to contribute to, or under which the Company or an ERISA Affiliate may incur any liability and which cover any employee or former employee of
the Company or any ERISA Affiliate. 
 “Compensation Claims” has the meaning given such term in Exhibit J
 
 “Confidentiality Agreement” means the Confidentiality Agreement, dated as of August 14, 2009, by
and between Valero Energy Corporation and PBF Investments, LLC. 
 “Current Assets” means the following assets
of the Company as of 12:00:01 A.M. eastern time on the Closing Date: (i) cash and cash equivalents, (ii) accounts receivable and (iii) prepaid expenses, deposits and other current assets of the Company on the balance sheet of the
Company as of the Closing Date. Notwithstanding the foregoing, “Current Assets” shall not include any Excluded Assets. 
 “Current Liabilities” means the current liabilities of the Company as of 12:00:01 A.M. eastern time on the Closing Date, including, without duplication: (i) accounts payable and
(ii) liabilities accounted for as other current liabilities of the Company on the balance sheet of the Company as of the Closing Date, other than the current portion of any capital lease payment obligations of the Company. Notwithstanding the
foregoing, “Current Liabilities” shall not include any Retained Liabilities (other than accruals for property taxes) or Company’s Environmental Liabilities. 
 “Customs” has the meaning given such term in Section 8.9. 
 “Diligence Representative” has the meaning given such term in Section 6.4(a). 
 “Disclosure Schedules” means the disclosure schedules delivered by Seller to Buyer or Buyer to Seller, as the case may be, on the Execution Date. The Disclosure Schedules have been
arranged in sections corresponding to the numbered sections of this Agreement. 
 “Dispute Resolution
Procedures” means the procedures set forth in Exhibit D. 
 “Dollars” and the symbol
“$” mean the lawful currency of the United States of America. 
 “Employees” has the meaning
given such term in Section 4.9(a)(ii). 

  
 4 

 “Environmental Agreement” means the Environmental Agreement entered into by
and between Buyer and Seller as of the Execution Date, a copy of which is attached hereto as Exhibit E. 

“Environmental Law” has the meaning given such term in the Environmental Agreement. 

“Environmental Liabilities” has the meaning given such term in the Environmental Agreement. 

“Environmental Trust Fund” means the trust fund created to meet certain remediation funding source requirements for the
benefit of New Jersey Department of Environmental Protection under the Remediation Trust Fund Agreement dated March 31, 2010 between the Company and JP Morgan Chase Bank, as Trustee. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means any entity which is (or at any relevant time was) a member of a “controlled group of
corporations” with, under “common control” with, or a member of an “affiliated service group” with, the Company as defined in Section 414(b), (c), (m) or (o) of the Code, or under “common control”
with the Company, within the meaning of Section 4001(b)(1) of ERISA. 
 “Estimated Net Working Capital
Payment” has the meaning given such term in Section 2.5(a). 
 “Estimated Net Working Capital
Statement” has the meaning given such term in Section 2.5(a). 
 “Excluded Assets” has the
meaning given such term in Section 2.7. 
 “Excluded Asset Transfer” has the meaning given such
term in Section 2.7. 
 “Excluded Contracts” has the meaning given such term in
Section 4.4(b). 
 “Excluded Software” has the meaning given such term in
Section 8.11(d)(i). 
 “Execution Date” has the meaning given such term in the preamble of this
Agreement. 
 “Feedstock Inventory” means the crude oil, feedstocks and intermediate petroleum products
acquired for use or produced at the Refinery, whether currently located at the Refinery (except for unit fills that are part of the Assets), in transit by pipeline or vessel or located elsewhere, whether in the possession of the Company or any other
Person, and regardless of whether such inventory represents wholesale exchange imbalances. 

  
 5 

 “Feedstock and Product Inventory Sales Agreement” means the Feedstock and
Product Inventory Sales Agreement to be entered into by and among Buyer, the Company and VMSC on the Closing Date, substantially in the form attached hereto as Exhibit F. 

“Final Net Working Capital Payment” has the meaning given such term in Section 2.5(b). 

“Final Net Working Capital Statement” has the meaning given such term in Section 2.5(b). 

“Financial Statements” means the audited financial statements of the Business for the years ending on December 31,
2009 and December 31, 2008, and the statements of income, changes in net parent investment, and cash flows for each of the years in the three-year period ending December 31, 2009. 

“FTZ” has the meaning given such term in Section 8.9. 

“FTZ Board” has the meaning given such term in Section 8.9. 

“GAAP” means generally accepted accounting principles in the United States. 

“Governmental Authority” means any national, federal, regional, state, local or other governmental agency, authority,
administrative agency, regulatory body, commission, instrumentality, court or arbitral tribunal having governmental or quasi-governmental powers. 
 “Hazardous Materials” has the meaning given such term in the Environmental Agreement. 
 “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. 
 “Improvements” means all buildings, structures, docks, facilities, improvements, fixtures and aboveground and underground piping and storage tanks and appurtenances which may be located
on the Refinery Land, areas within any pipeline easements appurtenant to the Refinery Land, or areas under Real Property Leases. 
 “Indemnification Deductible” means $1,500,000. 

“Indemnified Party” has the meaning given such term in Section 12.4(a). 

“Indemnifying Party” has the meaning given such term in Section 12.4(a). 

“Intellectual Property” has the meaning given such term in Section 4.13. 

“Judgments” means all judgments, orders, decrees, consents, directives, settlements or any other similar requirement
imposed, issued or assessed by, or entered into with, applicable Governmental Authorities pursuant to any Law. 

  
 6 

 “Knowledge” and “Known” mean, in the case of Seller, the
actual knowledge of the individuals listed in Part I of Exhibit G, in their capacities as employees of Seller or any of its Affiliates, without independent investigation or inquiry and, in the case of Buyer, the actual knowledge of the
individuals listed in Part II of Exhibit G, in their capacities as employees of Buyer or any of its Affiliates, without independent investigation or inquiry. 
 “Law” means any applicable law (including common law), statute or ordinance of any nation or state, including the United States of America, and any political subdivision thereof,
including any state of the United States of America, any rule, regulation, legally enforceable policy, protocol, proclamation or executive order promulgated by any Governmental Authority, any rule or regulation of any self-regulatory organization
such as a securities exchange, or any applicable decree or Judgment having the effect of law in any such jurisdiction, excluding any Environmental Law. 
 “Leased Vehicles” has the meaning given such term in Section 8.8. 
 “LIBOR” means for each applicable day, the rate stated in the “Money Rates” section of The Wall Street Journal published on such day as the one month London Interbank
Offered Rate; and if The Wall Street Journal is not published on such day, then the aforesaid rate in the most recent edition of The Wall Street Journal preceding such day shall be utilized for such day. 

“Lien” means any mortgage, pledge, security interest, lien, deed of charge, right of first refusal or first offer,
floating charge or other charge of any kind (including any agreement to give any of the foregoing), any conditional sale or other title retention agreement, or the filing of or agreement to give any security interest, charge or financing statement
under the Laws or Environmental Laws of any jurisdiction. 
 “Litigation” means any action, case, suit,
investigation or other proceeding pending before any Governmental Authority or any arbitration proceeding. 

“Loan” has the meaning given such term in Section 2.2. 

“Loaned Cars” has the meaning given such term in Section 8.5(c). 

“Long-Term Inactive Employee” has the meaning given such term in Section 4.9(a)(iii). 

“Loss” means, subject to Section 12.5 and Section 12.6, all damages, natural resource damages,
penalties, fines, related costs, amounts paid in settlement, liabilities, obligations, Taxes, Liens, losses, related expenses and fees, including costs of study or investigation thereof, court costs, costs of defense and reasonable attorneys’
fees and expenses in connection therewith. 
 “Material Adverse Effect” means any event, occurrence, fact,
condition or change that has, or could reasonably be expected to have, individually or in the aggregate, a material adverse effect on the business, properties, financial condition or results of operations of the Company;

  
 7 

 
provided, however, that in no event shall any effect that results from any of the following be deemed to constitute a Material Adverse Effect: (a) this Agreement or any actions taken in
compliance with this Agreement, the transactions contemplated hereby, or the pendency or announcement thereof, (b) changes or conditions generally affecting the industry in which the Company operates, (c) changes in general economic,
regulatory or political conditions (including interest rate and currency fluctuations), (d) changes in Law or Environmental Law, (e) changes in accounting principles, (f) acts of war, insurrection, sabotage or terrorism, unless, in
the case of each of the clauses (b)-(f) above, such change has a disproportionately adverse effect on the Business or Company as compared to the effect on the assets of other participants in the industry. 

“Material Company Contracts” has the meaning given such term in Section 4.4(a). 

“Material Contracts” has the meaning given such term in Section 4.4(a). 

“Multi-Site Contract” has the meaning given such term in Section 8.7. 

“Multi-Site Commercial Contract” has the meaning given such term in Section 8.7(b). 

“Net Working Capital” means the sum of (a) the Current Assets; less (b) the Current Liabilities;
plus (c) any amounts owed by Buyer to Seller with respect to earned and accrued vacation liabilities of Post-Closing Employees pursuant to Section 8.7(a); less (d) any amounts owed by Seller to Buyer with respect
to earned and accrued vacation liabilities of Post-Closing Employees pursuant to Exhibit J ; plus (e) any amounts remaining in the Environmental Trust Fund (estimated to be $5,786,211.00 as of the Execution Date); provided,
that any amounts described in clauses (c) and (d) above (i) shall be reflected as an adjustment to Net Working Capital whether or not they represent intercompany assets or liabilities, notwithstanding anything in this Agreement to the
contrary, and (ii) shall be disregarded to the extent they are duplicative of any amounts taken into account in the calculation of Current Assets or Current Liabilities as of the Closing Date. 

“Non-Represented Employee” has the meaning given such term in Section 4.9(a)(ii). 

“Non-Retained Liabilities” has the meaning given such term in Section 2.6. 

“Note” has the meaning given such term in Section 2.2. 

“OCIP” has the meaning given such term in Section 8.2(b). 

“Offtake Agreement” means the Offtake Agreement to be entered into by and among Buyer, the Company and VMSC on the
Closing Date, substantially in the form attached hereto as Exhibit H. 
 “Other Agreements” means the
Access Easement, Environmental Agreement, the Feedstock and Product Inventory Sales Agreement, the Note, the Offtake Agreement, the Pipeline Purchase Agreement, and the Transition Services Agreement. 

  
 8 

 “Owned Vehicles” has the meaning given such term in
Section 8.8. 
 “Parts and Supplies” means the warehouse and stores inventory (including tools,
parts, catalysts, chemicals, supplies and other similar items) owned by the Company. 
 “Pension Plan(s)” has
the meaning given in the definition of Company Plan. 
 “Permitted Lien” means: 

(i) Liens imposed by Law and incidental to the construction, maintenance, development or operation of the Company or the
Assets, if payment of the obligation secured thereby is not yet overdue or if the validity or amount of which is being contested in good faith by Seller; 
 (ii) Liens for Taxes, assessments, obligations under workers’ compensation or other social welfare legislation or other requirements, charges or levies of any Governmental Authority, in each case not
yet overdue or which are being contested in good faith; 
 (iii) easements, servitudes, rights-of-way and other
rights, exceptions, reservations, conditions, limitations, covenants and other restrictions on the Real Property (i) described in the Title Commitments, (ii) to the extent related to Real Property not covered by the Title Commitments, of
record or contained in any Real Property Lease or portion thereof covering such Real Property, or (iii) that do not materially interfere with, materially impair or materially impede the operation, value or use of the Assets affected thereby;

 (iv) conventional provisions contained in any contracts or agreements affecting properties under which Seller
is required immediately before the expiration, termination or abandonment of a particular property to reassign to such Person’s predecessor in title all or a portion of such Person’s rights, titles and interests in and to all or a portion
of such property; 
 (v) any state of facts that are shown on surveys obtained by Buyer, or with respect to any
properties for which Buyer does not obtain any survey, any state of facts that an accurate survey would show; 

(vi) pre-printed standard exceptions in the Title Policy; 

(vii) pledges and deposits to secure the performance of bids, tenders, trade or government contracts (other than for
repayment of borrowed money), leases, licenses, statutory obligations, surety bonds, performance bonds and completion bonds or as otherwise incurred in the ordinary course of business that do not materially interfere with, impair or impede the
Business as currently conducted by Seller; 

  
 9 

 (viii) any Liens consisting of (A) statutory landlord’s liens
under leases to which Seller is a party or other Liens on leased property reserved in leases thereof for rent or for compliance with the terms of such leases, (B) statutory bailee’s liens under bailments and terminaling agreements to which
Seller is a party, (C) rights reserved to or vested in any Governmental Authority to control or regulate any property, or to limit the use of such property in any manner which does not materially impair the use of such property for the purposes
for which it is held, (D) obligations or duties to any Governmental Authority with respect to any franchise, grant, license, lease or permit and the rights reserved or vested in any Governmental Authority to terminate any such franchise, grant,
license, lease or permit or to condemn or expropriate any property, or (E) zoning or other land use Laws or Environmental Laws of any Governmental Authority, in each case that do not materially detract from the value or marketability of the
property affected or interfere with, impede or impair the Business as currently conducted; 
 (ix) Liens in
respect of Judgments with respect to which an appeal or other proceeding for review is being prosecuted and with respect to which a stay of execution pending such appeal or such proceeding for review has been obtained so long as the underlying
Litigation is a Retained Liability; 
 (x) mechanic’s and materialmen’s Liens and similar charges filed
of record but (A) are being contested in good faith, (B) for which the Company is the beneficiary of a contractual indemnity from another Person, or (C) for which the applicable statutory foreclosure period or other enforcement rights
have lapsed; 
 (xi) Non-monetary Liens that would not reasonably be expected to materially interfere with,
materially impede or materially impair the operation or value of the Assets or the Business as currently conducted by the Company; and 
 (xii) Liens that will be paid in full or released on or prior to the Closing Date; 
 (xiii) Liens caused or created by Buyer or any Affiliate or Diligence Representative of Buyer; or 
 (xiv) As to the Marketing Assets only, (a) the terms, conditions, restrictions, exceptions, reservations, limitations and any matters contained in any documents creating, evidencing or transferring
the Marketing Assets (excluding any transfer by VMSC to Buyer or the Company pursuant to this Agreement), (b) any Third Person Consent required to transfer the Marketing Assets, and (c) any Liens that would not reasonably be expected to
have a Material Adverse Effect. 
 “Permits” means all consents, permits, license, orders, registrations,
certificates, approvals or other similar rights, authorizations or directives from any Governmental Authority which are necessary to the ownership and operation of the Business. 

“Person” means an individual, partnership, limited liability company, corporation, joint stock company, trust, estate,
joint venture, association or unincorporated organization, or any other form of business or professional entity. 

  
 10 

 “Pipeline Purchase Agreement” means that certain Pipeline Stock Purchase
Agreement of even date herewith between Seller and Buyer concerning the sale and purchase of all of the issued and outstanding shares of Valero Natural Gas Pipeline Company. 
 “Port Authority” has the meaning given such term in Section 8.9. 
 “Post-Closing Employee” has the meaning given such term in Exhibit J. 
 “Pre-Closing Tax Period” means all taxable periods ending on or before 11:59:59 P.M. eastern time on the day before the Closing Date and the portion through the end of the day on the day
before the Closing Date for any taxable period that includes (but does not end on) the day before the Closing Date. 

“Precious Metals Inventory” means all platinum and palladium contained in any catalysts used at the Refinery and
included in the Assets. 
 “Process Licenses” has the meaning given such term in Section 4.13(b).

 “Product Inventory” means the refined products produced at the Refinery (except for unit fills that are part
of the Assets), whether currently located at the Refinery, in transit by pipeline, rail car, vehicle or vessel or located elsewhere, whether in the possession of the Company or any other Person, and regardless of whether such inventory represents
wholesale exchange imbalances. 
 “Purchase Price” has the meaning given such term in Section 2.2.

 “Qualifying Rail Cars” has the meaning given such term in Section 8.5(b). 

“Rail Car Agreements” has the meaning given such term in Section 8.5(a). 

“Real Property” means the Refinery Land, together with (i) all Improvements located thereon and (ii) all
easements, licenses, rights and appurtenances relating to the Refinery Land or Improvements. 
 “Real Property
Leases” shall mean the rights and incidents of interests of Seller in and to all real property leased by Seller and comprising any portion of the Refinery, together with all of Seller’s right, title and interest in the leasehold estate
described in the leases covering such real property. 
 “Refinery” means the Company’s petroleum refinery
and related assets located in Paulsboro, New Jersey, excluding any Excluded Assets. 
 “Refinery Land” means
the tracts or parcels of land, and interests in land, owned or leased by the Company as described on Section 1.1(a) of the Disclosure Schedules. 

  
 11 

 “Relevant Group” means any “affiliated group” (as defined in
Section 1504(a) of the Code that, at any time before the Closing Date, includes or has included the Company or any predecessor of or successor to the Company (or another such predecessor or successor), or any other group of corporations that,
at any time before the Closing Date, files or has filed Tax Returns on a combined, consolidated or unitary basis with the Company or any predecessor of or successor to the Company (or another such predecessor or successor); provided however, the
term “Relevant Group” as used in Section 4.12 hereof shall only apply with respect to federal income Taxes and the filing of federal income Tax Returns. 
 “Repair Costs” has the meaning given such term in Section 10.2(a). 
 “Repair Cost Dispute” has the meaning given such term in Section 10.2(c). 
 “Repair Negotiation Period” has the meaning given such term in Section 10.2(b). 
 “Represented Employee” has the meaning given such term in Section 4.9(a)(i). 
 “Retained Liabilities” has the meaning given such term in Section 2.6. 
 “Retained Litigation” has the meaning given such term in Section 2.6(d). 
 “Retiree Welfare Benefit” has the meaning given such term in Exhibit J. 
 “Retiree Welfare Benefit Plan” has the meaning given such term in Exhibit J. 
 “Securities Act” has the meaning given such term in Section 3.5. 
 “Seller” has the meaning given such term in the preamble of this Agreement. 
 “Seller Captive Insurers” has the meaning given such term in Section 8.2(a). 
 “Seller Contracts” has the meaning given such term in Section 4.4(a). 
 “Seller Guarantor” means Valero Energy Corporation, a corporation organized under the laws of Delaware. 
 “Seller Guaranty” means the guaranty agreement issued by the Seller Guarantor and delivered to Buyer on the Execution Date, a copy of which is attached hereto as Exhibit B-2.

 “Seller Indemnitees” means Seller, its Affiliates and their respective officers, directors, employees,
agents, representatives (including any officers, directors, employees, agents or representatives of the Company appointed or otherwise acting at the direction of Seller or its Affiliates), successors and assigns. 

“Seller Officers and Directors” means those individuals identified as “Seller Officers and Directors” in
Section 1.1(b) of the Disclosure Schedules. 

  
 12 

 “Seller Policies” has the meaning given such term in Section 8.2(a).

 “Seller Third Person Consent” means any Third Person Consent required under (i) any organizational
document of Seller or the Company, or (ii) any Material Contract to which Seller or the Company is a party or by which Seller or any of its assets is bound. 
 “Seller’s Environmental Liabilities and Obligations” means all liabilities and obligations of Seller under the Environmental Agreement. 

“Seller’s Pension Plan” shall have the meaning given such term in Exhibit J. 

“Seller’s Savings Plans” has the meaning given such term in Exhibit J. 

“Shares” has the meaning given such term in Section 3.5. 

“Short-Term Inactive Employee” has the meaning given such term in Section 4.9(a)(iii). 

“Specified Litigation” has the meaning given such term in Section 8.3. 

“Spot Contracts” means all spot contracts entered into by the Company, Seller or any Affiliate of Seller on market-based
terms for (i) the purchase of crude oil or other feedstocks to be consumed in the Refinery, (ii) the sale of refined products and byproducts (including petroleum coke, natural gas liquids and sulfur) produced at the Refinery, and
(iii) the transportation (whether waterborne, via pipeline or rail, or otherwise) of any of the items described in clauses (i) and (ii) of this definition. 
 “Straddle Period” has the meaning given such term in Section 8.4(a). 
 “Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, joint venture or other legal entity (and any successor to any such legal entity)
of which such Person owns, directly or indirectly, more than 50% of the stock or other equity or partnership interests, the holders of which are generally entitled to vote for the election of the board of directors or other governing body of such
corporation, partnership, limited liability company, joint venture or other legal entity. 
 “Taking” has the
meaning given such term in Section 10.1. 
 “Tax” means taxes of any kind including federal, state,
local or foreign, levies or other like assessments, customs, duties, imposts, charges or fees, including, without limitation, income taxes, gross receipts, ad valorem, transfer, registration, stamp, environmental, value added, excise, real or
property, asset, sales, use, franchise, license, payroll, transaction, capital, net worth, withholding, estimated, social security, utility, workers’ compensation, severance, disability, wage, employment, production, unemployment compensation,
occupation, premium, windfall profits, transfer and gains taxes or other governmental taxes imposed by or on behalf or payable to any Taxing Authority whether or not shown on a Tax Return, together with any interest, penalties or additions with
respect thereto and any interest in respect of such additions or penalties. 

  
 13 

 “Tax Audit” has the meaning given such term in Section 8.4(d).

 “Tax Indemnified Person” has the meaning given such term in Section 8.4(d). 

“Tax Indemnifying Person” has the meaning given such term in Section 8.4(d). 

“Tax Return” means any return, declaration, report, claim for refund or information return or statement or similar
statement relating to Taxes, including any schedule or attachment thereto. 
 “Taxing Authority” means, with
respect to any Tax, the Governmental Authority that imposes such Tax and the Governmental Authority charged with the collection of such Tax, including any Governmental Authority that imposes, or is charged with collecting, social security or similar
charges or premiums. 
 “Termination Date” has the meaning given such term in Section 11.1(e).

 “Third-Party Claim” has the meaning given such term in Section 12.4(b). 

“Third-Party Estimate” has the meaning given such term in Section 10.2(c). 

“Third Person Consent” means any approval, consent, amendment or waiver of a Person that is required in order to effect
the transactions contemplated hereby or any of the Other Agreements or any part hereof or thereof, including waivers and consents by lenders and waivers of transfer or change of control restrictions; provided that Third Person Consents shall
not include Authorizations. 
 “Title Commitments” has the meaning given such term in Section 7.1.

 “Title Company” means Fidelity National Title Insurance Company, National Title Services Division, 1330 Post
Oak Blvd., Suite 2330, Houston, Texas 77056, Attention: Rhonda P. Obaugh. 
 “Title Policy” means an
Owner’s Policy of Title Insurance on the 2006 ALTA form or such other form as may be promulgated for use in the State of New Jersey as of the Closing Date, insuring the Company’s fee simple title to the tracts, pieces or parcels of real
property described in the Title Commitments, in accordance with and subject to the matters set forth in the Title Commitments. 

“Transition Services Agreement” means the Transition Services Agreement to be entered into by and among Buyer, the
Company and the other parties thereto on the Closing Date, substantially in the form attached hereto as Exhibit I. 

  
 14 

 “Treasury Regulation” means the regulations promulgated under the Code by
the United States Department of Treasury. 
 “Union” has the meaning given such term in
Section 4.11(a). 
 “Valero” has the meaning given such term in the recitals of this Agreement.

 “Valero Acquisition Guaranty” has the meaning given such term in Section 8.10. 

“VMSC” means Valero Marketing and Supply Company, a Delaware corporation. 

“WARN Act” has the meaning given such term in Exhibit J. 

“Welfare Plan” has the meaning given such term in the definition of Company Plan. 

Section 1.2 Construction. Whenever the context requires, the gender of all words used in this Agreement includes the
masculine, feminine and neuter. Terms defined in the singular have the corresponding meanings in the plural, and vice versa. All references to Articles and Sections refer to articles and sections of this Agreement, and all references to Exhibits or
Schedules refer to exhibits or schedules to this Agreement, which are attached hereto and made a part hereof for all purposes. The word “includes” or “including” means “including, but not limited to.” The words
“hereof,” “hereby,” “herein,” “hereunder” and similar terms in this Agreement shall refer to this Agreement as a whole and not any particular section or article in which such words appear. Any reference to a
statute, regulation or law shall include any amendment thereof or any successor thereto and any rules and regulations promulgated thereunder, all as in effect as of the Closing Date. Currency amounts referenced herein, unless otherwise specified,
are in Dollars. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. 
 ARTICLE II 
 PURCHASE AND SALE 

Section 2.1 Transfer of Shares and Marketing Assets. Subject to and in accordance with the terms of this Agreement,
(i) Seller agrees to sell, assign, transfer, convey and deliver the Shares free from Liens (other than the Liens described in clauses (a) through (c) of Section 3.5 hereof) and all other rights or claims exercisable by third
parties, together with all rights attached or accruing to those Shares at Closing, to Buyer, and Buyer agrees to purchase and accept the Shares from Seller, for and in consideration of the Purchase Price and the other covenants and agreements of the
parties herein; and (ii) Seller agrees to cause VMSC to sell, assign, transfer, convey and deliver all of its right, title and interest in and to the Marketing Assets free from Liens (other than the Permitted Liens) and all other rights or
claims exercisable by third parties, to Buyer, and Buyer agrees to purchase and accept the Marketing Assets from VMSC, for and in consideration of the Purchase Price and the other covenants and agreements of the parties herein. 

Section 2.2 Purchase Price. The purchase price for the Shares and Marketing Assets is $399,666,766 (the “Base
Purchase Price”), plus or minus an amount equal to the Net Working Capital (the “Purchase Price”). The Purchase Price includes the Precious Metals Inventory and 

  
 15 

 
Parts and Supplies, which shall not be included in Net Working Capital. The Purchase Price shall be subject to further adjustment pursuant to Section 6.9 and Exhibit J. Seller
shall finance a portion of the Base Purchase Price in the amount of $180,000,000 pursuant to a credit agreement to be entered into between Seller and Buyer (the “Loan”), whose terms and conditions shall be consistent with those (in
addition to other ordinary and customary loan terms and conditions) set forth in Exhibit C attached hereto. To evidence the Loan, Buyer shall execute and deliver to Seller at Closing a promissory note (the “Note”) payable to
the order of Seller in the amount of the Loan and on the terms set forth in Exhibit C attached hereto. The Loan will be secured by a senior lien as set forth in Exhibit C attached hereto. All other material terms and conditions for the
Loan are set forth in Exhibit C attached hereto. 
 Section 2.3 Closing. The closing of the
transactions contemplated by this Agreement (the “Closing”) shall take place at the offices of Seller in San Antonio, Texas, or at such other place as Buyer and Seller may mutually agree, at 9:00 A.M. eastern time on the second
Business Day after the satisfaction or waiver of the conditions contained in Article IX (other than those conditions that by their nature are to be fulfilled at Closing), or at such other date as Seller and Buyer may mutually agree (the
“Closing Date”); provided that, the Closing shall be deemed for all purposes of this Agreement to occur on 12:00:01 A.M. eastern time on the Closing Date. All proceedings to be taken and all documents to be executed and
delivered at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed or delivered, or waived. 

Section 2.4 Deliveries at the Closing. At the Closing, the following events shall occur: 

(a) Buyer shall deliver, or cause to be delivered, to Seller: 

(i) the cash portion of the Purchase Price subject to adjustment pursuant to Section 2.5 hereof, by wire transfer to
the account of Seller set forth on Section 2.4(a)(i) of the Disclosure Schedules; 
 (ii) the Note
and all other security agreements, deeds of trust, mortgage documents, pledge agreements, financing statements and other documents and instruments necessary to evidence the Loan as set forth in Exhibit C; 

(iii) the Estimated Feedstock and Products Inventory Sales Price in accordance with the terms set forth in the Feedstock
and Product Inventory Sales Agreement. 
 (iv) resolutions of Buyer authorizing the execution of this Agreement
and the Other Agreements to which Buyer is a party and the consummation of the transactions contemplated under this Agreement and the Other Agreements to which Buyer is a party (to the extent required by Buyer’s organizational documents), in
each case certified by the Secretary or other executive officer of Buyer as being correct and complete and then in full force and effect; 
 (v) a certificate of incumbency of the signatory officers of Buyer; 

  
 16 

 (vi) a certificate as to the good standing of Buyer issued by the Secretary
of State of Delaware dated as of a date within two Business Days of the Closing Date. 
 (vii) the certificates
referred to in Section 9.2(a) and Section 9.2(b); and 
 (viii) copies of all Buyer Third
Person Consents and Authorizations obtained pursuant to Section 6.2; and 
 (ix) executed copies of
the Other Agreements. 
 In addition, Buyer shall accept the Shares from Seller, and duly execute and deliver the Other Agreements to which
Buyer is a party (except for any Other Agreements already executed and delivered by Buyer prior to Closing. 

(b) Seller shall deliver, or cause to be delivered, to Buyer: 

(i) (A) stock certificates for the Shares, free and clear of all Liens (other than the Liens described in clauses
(a) through (c) of Section 3.5 hereof), duly endorsed to Buyer or accompanied by duly executed stock powers, with all required stock transfer tax stamps affixed thereto; and (B) the Marketing Assets, free and clear of all
Liens (other than the Permitted Liens); 
 (ii) the minute books and any stock records and corporate seals of the
Company; 
 (iii) executed resignation letters of (or resolutions removing) the Seller Officers and Directors
from their respective positions with the Company; 
 (iv) resolutions of Seller authorizing the execution of this
Agreement and the Other Agreements to which Seller is a party and the consummation of the transactions contemplated under this Agreement and the Other Agreements to which Seller is a party (to the extent required by Seller’s organizational
documents), in each case certified by the Secretary or other executive officer of Seller as being correct and complete and then in full force and effect; 
 (v) certificates of incorporation and bylaws of the Company, in each case certified by the Secretary or Assistant Secretary of the Company as being correct and complete and then in full force and effect;

 (vi) certificates of incumbency of the signatory officers of Seller; 

(vii) certificates as to the good standing of Seller and the Company issued by the Secretary of State or other applicable
Governmental Authority of the state of organization of Seller and the Company, each dated as of a date within two Business Days of the Closing Date; 
 (viii) the certificates referred to in Section 9.3(a) and Section 9.3(b); 

  
 17 

 (ix) executed certificates described in Treasury Regulation §
1.1445-2(b)(2) certifying that Seller is not a foreign person within the meaning of the Code; 
 (x) copies of
all Seller Third Person Consents and Authorizations obtained pursuant to Section 6.2; 
 (xi)
Assignment of Contracts for those Seller Contracts for which Third Person Consents have either been obtained as of or prior to Closing or for which no Third Person Consent is required, duly executed by the Company and Seller or the applicable
Affiliate of Seller; 
 (xii) the Bill of Sale; 

(xiii) evidence in form and substance reasonably satisfactory to Buyer (such as UCC-3 termination statements) showing
release of all monetary Liens on the Shares and other Liens for which documentation of release can be obtained and is ordinarily and customarily provided in transactions similar in nature to those contemplated hereunder, except for the Liens
described in clauses (a) through (c) of Section 3.5 hereof. 
 (xiv) such other documents
or instruments as may be reasonably required by the Title Company in order to cause the Title Company to issue the Title Policy for the Real Property. Additionally, Sellers shall instruct the Title Company to issue the Title Policy; 

(xv) evidence of termination of all existing signature authorities for the operation of the bank accounts of the Company;
and 
 (xvi) executed copies of the Other Agreements. 
 Additionally, Seller shall (i) duly execute and deliver (or cause to be executed and delivered) the Other Agreements to which Seller or any of its Affiliates are a party (except for any Other
Agreements already executed and delivered by Seller prior to Closing), and (ii) instruct the Title Company to issue the Title Policy. 
 Section 2.5 Net Working Capital Adjustment 
 (a)
Closing Adjustment. At least five Business Days before the Closing, Seller shall prepare and deliver to Buyer a statement setting forth its good faith estimate of Net Working Capital as of the Closing Date (the “Estimated Closing Net
Working Capital”), which statement shall contain an estimated balance sheet of the Company as of the Closing Date (without giving effect to the transactions contemplated herein), a calculation of Estimated Closing Net Working Capital (the
“Estimated Closing Net Working Capital Statement”). If the Estimated Closing Net Working Capital is a positive number, the Purchase Price shall be increased by such amount. If the Estimated Closing Net Working Capital is a negative
number, the Purchase Price shall be reduced by such amount. Except as otherwise provided in this Section 2.5(a), or in the definitions of Current Assets and Current Liabilities, the items included in the components of Current Assets and
Current Liabilities shall be determined, and the amounts of such items shall be calculated, in the same manner as the corresponding line items were determined and calculated, and using the same policies, practices, assumptions, procedures,
classifications, methods, estimates and judgments as were used in preparing the Balance Sheet. Parts and Supplies shall be excluded from Current Assets. 

  
 18 

 (b) Post-Closing Adjustment. Seller shall
calculate the Net Working Capital and shall deliver to Buyer a statement (the “Final Net Working Capital Statement”) setting forth the amount of Net Working Capital as of the Closing Date (the “Final Net Working
Capital”), together with supporting calculations and information, on or before the 120th day after the Closing Date. From the Closing Date through the determination of Final Net Working Capital in accordance with this Section 2.5(b), Buyer shall give, and shall cause the Company
to give, Seller and its advisors access at all reasonable times to the personnel, properties and books and records of the Company and Buyer’s working papers for the purpose of conducting the physical inventory and determining Final Net Working
Capital. Unless Buyer gives notice to Seller on or before the 30th day after Buyer’s receipt of the Final Net Working Capital Statement that Buyer disputes the Final Net Working Capital specified in the Final Net Working Capital Statement, the Net Working Capital
shall be as specified in the Final Net Working Capital Statement. If Buyer gives notice to Seller on or before such
30th day that it disputes the Final Net Working Capital
specified in the Final Net Working Capital Statement and describes, in reasonable detail, the reasons for Buyer’s objections, Seller and Buyer shall consult in good faith and use all reasonable efforts to agree upon the calculation of the Final
Net Working Capital. If on or before the 45th day after
Buyer’s receipt of the Final Net Working Capital Statement, Seller and Buyer have not agreed on the Final Net Working Capital, Buyer and Seller shall submit such matters which remain in dispute to Grant Thornton LLP (which Seller and Buyer each
represent and warrant are independent of such party), or such other independent accounting firm as Seller and Buyer shall mutually agree, for final resolution, which resolution shall be provided within 30 days and shall be binding upon Seller and
Buyer, and judgment upon which may be entered in any court having jurisdiction over the party against which such determination is sought to be enforced. The fees and expenses of such accounting firm for its services in resolving such dispute shall
be borne equally by Seller and Buyer. 
 (c) The post-closing adjustment shall be an amount equal to the Final
Net Working Capital minus the Estimated Closing Net Working Capital (the “Post-Closing Adjustment”). If the Post-Closing Adjustment is a positive number, Buyer shall pay to Seller an amount equal to the Post-Closing Adjustment plus
interest at the Applicable Rate calculated from the Closing Date until the date of payment of the Post-Closing Adjustment. If the Post-Closing Adjustment is a negative number, Seller shall pay to Buyer an amount equal to the Post-Closing Adjustment
plus interest at the Applicable Rate calculated from the Closing Date until the date of payment of the Post-Closing Adjustment. The Post-Closing Adjustment and Interest shall be paid by wire transfer or other delivery of immediately available funds
on or before the fifth Business Day after the final determination of Final Net Working Capital in accordance with this Section 2.5. 
 Section 2.6 Seller Retained Liabilities. Except in respect of Environmental Liabilities, which are addressed exclusively in the Environmental Agreement (other than 2.6(c) below), Seller
shall assume, retain and be responsible for, and pay and discharge in due course all of the following (collectively, the “Retained Liabilities”): 

(a) any liabilities of the Company, Seller and their Affiliates to any third party in any way arising out of the ownership
or operation of the Company, Assets and the Business before Closing, whether known or unknown, absolute or contingent, but excluding the Non-Retained Liabilities, and, in situations where an injury, exposure or other Claim or Loss is alleged to have
occurred during a period of time that includes the Closing Date, the proportion of any liability attributable to the Pre-Closing period shall be a Retained Liability and the proportion of any liability attributable to the Post-Closing period shall
be a Non-Retained Liability; 

  
 19 

 (b) liabilities or obligations arising out of or with respect to
(A) Long-Term Inactive Employees’ employment with, their benefits including disability benefits, or the termination of their employment from, Seller or the Company, whether such employment period is, or termination of employment occurs,
prior to, on or after the Closing (except that Seller shall have no liability for Long-Term Inactive Employees who are re-employed by the Company under Exhibit J for any liabilities or obligations that accrue as a result of their re-employment after
Closing; (B) Employees’ employment with Seller, the Company or their respective Affiliates prior to the Closing (but not Post-Closing Employees’ employment with, or the termination of their employment from, the Company after the
Closing, including severance); (C) any employees formerly employed by the Company, excluding Employees or Long Term Inactive Employees (each a “Former Employee” and collectively the “Former Employees”),
employment with, or the termination of their employment from the Company prior to Closing; (D) Company Plans or Company Benefit Obligations to Post-Closing Employees, Employees and Former Employees of the Company prior to, on, or after the
Closing Date only to the extent relating to employment of the Post-Closing Employees, Employees and Former Employees of the Company prior to the Closing Date; (E) the misclassification by the Company prior to Closing of any Person providing
services at the Refinery or to the Company as an independent contractor or consultant where such classification by the Company should have been as an Employee or Former Employee (but excluding any misclassification by the Company of independent
contractors to the extent such misclassification continues from and after Closing); and (F) any other liabilities or obligations for which Seller or its Affiliates (other than the Company) will be responsible pursuant toExhibit J;

 (c) the Claims and Litigation set forth in Section 2.6(c) of the Disclosure Schedules; 

(d) any Claims or Litigation brought by any third party, whether now existing or hereafter arising, which are based upon:
(i) products produced at the Refinery prior to the Closing Date, including any product liability or similar claim for injury to a Person or property which arises out of or is based upon any express or implied representation, warranty, agreement
or guaranty made by the Company prior to the Closing Date, or by reason of the improper performance of a Product, improper design or manufacture, failure to adequately package, label or warn of hazards or other related product defects of any
Products at any time manufactured or sold by the Company prior to the Closing Date; (ii) exposure, injuries, accidents or other events occurring at or with respect to the Refinery prior to the Closing Date; or (iii) the ownership or
operation of the Company, Assets and the Business prior to the Closing Date (collectively, with the Claims or Litigation referenced in Section 2.6(c) above, the (“Retained Litigation”); provided however, the
Retained Litigation does not include the Non-Retained Liabilities; 

  
 20 

 (e) any liability, obligation or covenant for which Seller or its Affiliates
(other than the Company) will be responsible pursuant to Section 8.4; 
 (f) any liability or
obligation to the extent arising out of or relating to the Excluded Assets or the transfer of the Excluded Assets pursuant to the Excluded Asset Transfer, including any Taxes arising out of or relating thereto; 

(g) any accounts payable, notes payable or other amounts that are payable by the Company to Seller or any of its
Affiliates (other than the Company); 
 (h) any liabilities of the Company incurred in connection with the
negotiation, preparation and performance of this Agreement at or prior to Closing, including, without limitation, fees and expenses of counsel, accountants, consultants, advisers and others to the extent not paid on or prior to the Closing Date;

 (i) any (i) indebtedness of the Company incurred prior to the Closing Date for borrowed money or issued
for or in exchange of indebtedness for borrowed money, or (ii) indebtedness of the Company incurred prior to the Closing Date evidenced by any note, bond, debenture, or other debt security; 

(j) any liabilities to indemnify, reimburse or advance amounts to any officer, director, employee or agent of the Company
(including with respect to any breach of fiduciary obligations by same), to the extent such liabilities accrue prior to the Closing Date, even if such Persons do not bring a Claim for indemnity, reimbursement or advancement for such liabilities
until after the Closing Date; 
 (k) any liabilities to third parties under any contracts entered into by the
Company to the extent such liabilities arise out of or relate to a breach by Seller or the Company of such contract prior to Closing even if any claim for such liabilities is brought after Closing. For the avoidance of doubt, Seller shall not retain
any liability for damages caused by the Company’s breach of any contract after the Closing or for any Non-Retained Liabilities. 

Notwithstanding any of the foregoing provisions in this Section 2.6 or any other provision in this Agreement to the contrary, and except with
respect to Environmental Liabilities (which are addressed exclusively in the Environmental Agreement), the Retained Liabilities do not include any of the following liabilities or obligations (the “Non-Retained Liabilities”), all of
which are hereby retained by the Company and assumed by the Buyer: (i) any Claims or Litigation brought after Closing based upon any injury, accident, exposure or other events that occur after Closing, even if caused, in whole or in part, by a
condition of the Refinery or Assets that existed on or before Closing; and (ii) without limiting Buyer’s recourse hereunder for Seller’s breach of any of the representations set forth in Section 4.6 hereof, any fines,
fees, penalties or sanctions assessed or imposed by a Governmental Authority after Closing based upon or resulting from the condition of the Refinery or Assets after Closing, including the failure of the Refinery or Assets to comply with any Law,
even if such condition existed on or before Closing. 

  
 21 

 Section 2.7 Excluded Assets. Each of Seller and Buyer acknowledges and
agrees that the following will be retained by Seller (or one or more of Seller’s Affiliates, as applicable) after the Closing (collectively, the “Excluded Assets”): 

(a) the Product Inventory, except for such inventory contained in operating units owned or operated by the Company or its
Affiliates, which shall form part of the Assets, 
 (b) the Feedstock Inventory, except for such inventory
contained in operating units owned or operated by the Company or its Affiliates, which shall form part of the Assets, 
 (c) all assets and rights involved in the marketing and supply business conducted by VMSC (other than (i) any physical assets located on or at the Real Property, (ii) any rights VMSC may have to
customer lists and formulas under the Seller Contracts to be assigned to the Company or its approved assignee hereunder, and (iii) the Marketing Assets). 
 (d) all rights and obligations under the Excluded Contracts, 
 (e)
all of Seller’s and its Affiliates’ proprietary trade names and trademarks, 
 (f) all assets and
rights owned by third parties, 
 (g) all documents and communications of Seller and its Affiliates that are
subject to the attorney-client privilege or that comprise attorney work product or the attorney-client relationship, other than with respect to disputes, investigations, proceedings or similar matters to which the Company is a party or which involve
the Assets or the Business in any material respect and which (A) do not relate to this Agreement or any disputes or potential disputes between Seller and any of its Affiliates, on the one hand, and Buyer and its Affiliates on the other (it
being agreed that neither party waives the attorney-client privilege or the attorney work product doctrine with respect to disputes that may arise between the parties or their Affiliates) and (B) are not Retained Litigation; except to the
extent the attorney-client privilege is preserved pursuant to the Joint Defense Agreement dated July 1, 2010 between Buyer and Seller; 
 (h) all rights on the part of Seller, its Affiliates and their respective counsel to assert or rely upon the attorney-client privilege, except for such rights that concern the Company, Business or Assets,

 (i) any accounts receivable, notes receivable or other amounts that are receivable by the Company from Seller
or any of its Affiliates, 
 (j) all Claims and causes of action that the Company, Seller or any of their
Affiliates may have against any Persons (including insurers) relating solely to events, conditions or circumstances existing or occurring at any time prior to Closing (including any counterclaims or defenses that the Company or Seller may have with
respect to any Retained Liabilities or the liabilities indemnified against under Section 12.2, Section 12.3 or the Environmental Agreement), and 

(k) all insurance coverage to which the Company, Seller or any of their Affiliates may be entitled (whether as an
additional insured, named insured or otherwise) with respect to any events, conditions or circumstances existing or occurring at any time prior to Closing, other than any coverage the Company may have as an additional insured under third party
insurance policies (but not any coverage under the Seller Policies) for Non-Retained Liabilities 

  
 22 

 The Feedstock Inventory and Product Inventory (to the extent identified in the Feedstock and Product
Inventory Sales Agreement) are intended to be purchased by the Company, the Buyer, an Affiliate of the Buyer or any assignee or co-party of the Buyer (provided such assignee or co-party is approved by Seller, which such approval shall not be
unreasonably withheld, conditioned or delayed) on or after the Closing Date pursuant to the Feedstock and Product Inventory Sales Agreement. Immediately prior to Closing, the Company shall distribute all Excluded Assets (other than those owned by
third parties) not already in possession of Seller or an Affiliate of Seller (other than the Company) to Seller or such an Affiliate (with such distribution referred to as the “Excluded Asset Transfer”). 

ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Except as set forth in the
Disclosure Schedules, which exceptions shall be deemed to be part of the representations and warranties made hereunder, and except with respect to any matters involving Hazardous Materials or Environmental Law (which matters are addressed
exclusively in the Environmental Agreement and as to which no representations or warranties whatsoever are made in this Agreement, other than 3.4 below), and as a material inducement to Buyer to enter into this Agreement, to purchase the Shares and
the Marketing Assets, and to close the contemplated transaction, Seller hereby represents and warrants to Buyer that the following statements are true and correct as of the Execution Date and shall be true and correct as of the Closing Date:

 Section 3.1 Organization and Qualification. Seller is a Delaware corporation, duly organized and validly
existing and in good standing under Delaware Law. Seller has the requisite corporate power and authority to carry on its business as it is now being conducted. Seller is duly qualified as a foreign corporation and in good standing in each
jurisdiction where the character of its properties owned or held under lease or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the aggregate, reasonably be
expected to have a material adverse effect on Seller’s ability to execute, deliver and perform its obligations under this Agreement and the Other Agreements to which it is a party. 

Section 3.2 Due Authority. Seller and each Affiliate of Seller has full corporate power and authority to execute,
deliver and perform its obligations under this Agreement and the Other Agreements to which it is a party, and to carry out the transactions contemplated hereby and thereby. This Agreement and the Other Agreements to which Seller and each Affiliate
of Seller is a party have been duly and validly executed and delivered by Seller and each such Affiliate of Seller, as the case may be, and, assuming the due authorization, execution and delivery by Buyer, this Agreement and the Other Agreements to
which Seller and each Affiliate of Seller is a party constitute the legal, valid and binding obligations of Seller and each such Affiliate of Seller, as the case may be, enforceable in accordance with their respective terms, except as enforcement
may be limited by bankruptcy, insolvency or other similar Laws affecting the enforcement of creditors’ rights generally and except that the availability of equitable remedies, including specific performance, is subject to the discretion of the
court before which any proceeding therefor may be brought. 

  
 23 

 Section 3.3 Conflicts and Approvals. Except for (a) the receipt of
the Seller Third Person Consents set forth in Section 3.3(a) of the Disclosure Schedules and (b) the effectuation of all filings required under the HSR Act, and the other filings and registrations with and the receipt of the
Authorizations from Governmental Authorities set forth in Section 3.3(b) of the Disclosure Schedules, neither the execution and delivery by Seller and each Affiliate of Seller of this Agreement or the Other Agreements to which Seller
and, in the appropriate case, each Affiliate of Seller will be a party, nor the performance by Seller and each Affiliate of Seller of its obligations hereunder or thereunder will (A) violate or breach the terms of or cause a default, event of
default or right for any Person to accelerate, terminate, modify or cancel (i) any Law applicable to Seller or an Affiliate of Seller, (ii) the certificate of incorporation or bylaws of Seller or an Affiliate of Seller, (iii) any
Authorizations or Judgments binding on Seller or an Affiliate of Seller or the Company or to which any of their respective assets are subject or (iv) any Material Contract of Seller or an Affiliate of Seller, or (v) result in the creation
or imposition of any Lien other than a Permitted Lien on any properties or Assets of the Company or the Seller or (B) with the passage of time, the giving of notice or the taking of any action by a third Person, have any of the effects set
forth in clause (A) of this Section 3.3; except for any matters described in this Section 3.3 that would not reasonably be expected to have a Material Adverse Effect or materially and adversely affect the ability of
Seller or an Affiliate of Seller to execute, deliver and perform its obligations under this Agreement and the Other Agreements to which it is a party; 
 Section 3.4 Litigation. There are no actions, suits, proceedings, arbitrations or investigations pending or, to the Knowledge of Seller, threatened, against Seller or any Affiliate of
Seller or to which any assets of Seller or an Affiliate of Seller are subject, except any that, individually or, with respect to multiple actions, suits, proceedings or arbitrations that allege similar theories of recovery based on similar facts, in
the aggregate, would not reasonably be expected to materially and adversely affect the ability of Seller to execute, deliver and perform its obligations under this Agreement or any Other Agreement to which Seller or any Affiliate of Seller is a
party or to materially and adversely affect the Company and the Marketing Assets, in the aggregate. 
 Section 3.5
Ownership of the Shares. The entire authorized capital stock of the Company consists of 10,000 shares of common stock, $0.01 par value, of which 1,043 shares are issued and outstanding (such 1,043 issued and outstanding shares of common stock
of the Company being herein referred to as the “Shares”). Seller owns all of the Shares free and clear of any Liens, other than Liens (a) arising under this Agreement, (b) arising under the certificate of incorporation or
bylaws of the Company and disclosed in Section 3.5 of the Disclosure Schedules, and (c) Liens imposed pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and applicable state securities or
“blue sky” laws. At the Closing, the delivery of the Shares to Buyer in accordance with the terms of this Agreement will transfer good, marketable and valid title to the Shares free and clear of any Liens other than the Liens described in
clauses (a) through (c) above. No Shares are held in treasury. All of the Shares are validly issued, fully paid and nonassessable and were issued and remain free of preemptive rights. There are no bonds, debentures, notes or other
evidences of indebtedness issued or outstanding having the right to vote on any matters on which the holders of the Shares may vote. There is no equity owned by Seller in the Company in any form other than the Shares. Other than Buyer’s rights
as contemplated by this Agreement, there are no options, warrants, calls or other rights or agreements outstanding obligating Seller or the Company to issue, deliver or sell shares of the Company’s capital stock or debt securities, or
obligating Seller or the Company to grant, extend or enter into any such option, warrant, call or other such right or agreement. 

  
 24 

 Section 3.6 No Brokers. No broker, finder or investment banker is
entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement or the Other Agreements based upon arrangements made by or on behalf of Seller or any of its Affiliates, except
any fees and commissions that will be discharged by Seller or any of its Affiliates. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY 
 Except as set forth in the Disclosure Schedules, which exceptions shall be deemed to be part of the representations and warranties made hereunder, and except with respect to any matters involving
Hazardous Materials or Environmental Law (which matters are addressed exclusively in the Environmental Agreement and as to which no representations or warranties whatsoever are made in this Agreement, other than 4.7 below), and as a material
inducement to Buyer to enter into this Agreement and to purchase the Shares and the Marketing Assets, and to close the contemplated transaction, Seller hereby represents and warrants to Buyer that the following statements are true and correct as of
the Execution Date and shall be true and correct as of the Closing Date: 
 Section 4.1 Organization and
Qualification. The Company is a Delaware corporation organized and validly existing and in good standing under Delaware Law. The Company has the requisite power and authority to carry on the Business as it has been and is now being conducted.
The Company is qualified and in good standing in each jurisdiction where the character of its properties owned or held under lease or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or materially and adversely affect such activities. The Company has heretofore made available to Buyer correct and complete copies of its organizational
documents, each as amended to the date hereof and each of which is in full force and effect. The Company is not in violation of any of the provisions of its organizational documents. There are no corporations, partnerships, limited partnerships,
limited liability companies, joint ventures, associations or other entities in which the Company owns, of record or beneficially, any direct or indirect equity or other interest or any right (contingent or otherwise) to acquire the same, or in which
the Company otherwise participates. The Company does not do and has never done any business, or have any operations or assets, outside the Business, which for this purpose is limited to the refining of petroleum feedstocks at the Refinery and other
operations incident thereto and the sale of the resulting petroleum products. 
 Section 4.2 Financial
Statements. The Company has delivered to Buyer true, complete and correct Financial Statements attached hereto as Section 4.2 of the Disclosure Schedules. The Financial Statements were prepared in all material respects in accordance
with GAAP consistently applied, except as disclosed in Section 4.2 of the Disclosure Schedules, and fairly present, in all material respects, the financial condition of the Company as of the dates thereof and the results of operations of
the Company for the periods then ended. 

  
 25 

 Section 4.3 Real Property; Other Assets. 

(a) The Company has either (i) good, marketable and indefeasible title to that Real Property which it owns in fee; or
(ii) a valid leasehold interest in that Real Property which it leases subject to the terms of the Real Property Leases, in each case, free and clear of all Liens other than the Permitted Liens. 

(b) Subject to any Third Person Consent or Authorization for the transfer and assignment from Seller to Buyer, the Company
owns, leases or has the legal right to use all other Assets (that is, those Assets other than Real Property) (or in the case of Company’s contract rights, receive the benefits of the Assets) free and clear of all Liens except Permitted Liens.

 (c) Except as set forth in Section 4.3(c) of the Disclosure Schedules, (i) to Seller’s
Knowledge, all Real Property Leases represent valid, binding and enforceable agreements of Company subject to the terms thereof; and (ii) the Company is not in material default under any Real Property Leases to which it is a party nor to the
Knowledge of the Company or Seller is there any event or circumstance that solely with the giving of notice or the lapse of time or both would constitute a material default under any such Real Property Leases. 

(d) Section 4.3(d) of the Disclosure Schedules lists all material fixed assets comprising the Refinery as of
the Balance Sheet Date, other than the Excluded Assets. 
 (e) Except as would not reasonably be expected to have
a Material Adverse Effect, to Seller’s Knowledge, (i) use and operation of the Real Property in the conduct of the Company’s business as currently conducted does not violate in any material respect any Law, covenant, condition,
restriction, easement, license, Permit, Authorization or agreement, and (ii) no material improvements constituting a part of the Real Property materially encroach on real property owned or leased by a Person other than the Company. There is no
Litigation pending nor, to the Seller’s Knowledge, are any Claims or Litigation threatened against or affecting the Real Property or any portion thereof or interest therein, which Litigation or Claims are in the nature or in lieu of
condemnation or eminent domain proceedings. 
 Section 4.4 Material Contracts. 

(a) Section 4.4(a)-1 of the Disclosure Schedules contains an accurate and complete list of each contract as of
the Execution Date to which the Company is a party and that (1) requires total payments, obligation or liability to or by the Company of at least one million Dollars ($1,000,000.00) annually, (2) is for a term greater than one year and is
not otherwise terminable by the Company at its option and requires the Company to make payment obligations each year, (3) relates to indebtedness for borrowed money (including, without limitation, guarantees of indebtedness for borrowed money),
(4) is with any Governmental Authority other than Permits or Authorizations, or (5) provides for the creation of any joint venture, partnership or similar arrangement by the Company (the “Material Company Contracts”).
Section 4.4(a)-2 of the Disclosure Schedules contains an accurate and complete list of each contract as of the Execution Date (other than the Excluded Contracts) to which the Seller or any Affiliate of Seller (other than the Company) is
a party that (i) is used in the day-to-day operation of the Business and (ii) requires total payments, obligation or liability to or by Seller 

  
 26 

 
or its Affiliate (as applicable) of at least one million Dollars ($1,000,000.00) annually (the “Seller Contracts”, and together with the Material Company Contracts, the
“Material Contracts”). Notwithstanding the foregoing, Section 4.4(a)-1 and Section 4.4(a)-2 of the Disclosure Schedules do not list any Spot Contracts that are Material Contracts. Each Material Contract is a
legal, valid and binding obligation of the Company, Seller or an Affiliate of Seller (as applicable), enforceable against the Company, Seller or an Affiliate of Seller (as applicable) in accordance with its terms, except as the enforceability
thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and general principles of equity (regardless of whether enforceability is considered in
a proceeding at law or in equity). Except as specified in Section 4.4(a)-1 or Section 4.4(a)-2 of the Disclosure Schedules, neither the Company, Seller or the Affiliate of Seller (as applicable), on the one hand, nor, to the
Company’s Knowledge or to Seller’s Knowledge, any other party thereto, on the other hand, is in default under any of the Material Contracts where such default would result in a Material Adverse Effect. Except as specified in
Section 4.4(a)-1 or Section 4.4(a)-2 of the Disclosure Schedules, neither the Company, Seller nor any Affiliate of Seller has received written notice of cancellation or termination of any Material Contract from any party
thereto, or notice of any intent to do so. No event or circumstance has occurred that, with notice or lapse of time or both, would constitute an event of default under any Material Contract or result in a termination thereof or would cause or permit
the acceleration or other changes of any right or obligation or the loss of any benefit thereunder, in all cases where the same would result in a Material Adverse Effect. Seller shall be permitted to supplement and amend Section 4.4(a)-1
and Section 4.4(a)-2 of the Disclosure Schedules prior to the Closing with Material Contracts to which the Company, Seller or any Affiliate of Seller has entered in the ordinary course of business between the Execution Date and the
Closing. 
 (b) Section 4.4(b) of the Disclosure Schedules constitutes a list of each contract to
which Seller or any Affiliate of Seller is a party and which are used in the day-to-day operation of the Business that are to be retained by Seller or its Affiliates (the “Excluded Contracts”). 

Section 4.5 Authorizations. (a) The Company has obtained all Authorizations that are necessary to carry on the
Business, in all material respects, as currently conducted, (b) to the Knowledge of Seller, no event has occurred, and no circumstance or condition exists, that (with or without notice or lapse of time) would reasonably be expected to
constitute or result in a violation by the Company of, or a failure on the part of the Company to comply with the terms of, any Authorization, (c) the Company has not received from any Governmental Authority written notification that any
Authorization (i) is not in full force and effect, (ii) has been violated in any respect, or (iii) is subject to any suspension, revocation, modification or cancellation, and (d) there is no action, suit, proceeding, arbitration
or investigation pending or, to the Knowledge of Seller, threatened, regarding suspension, revocation, modification or cancellation of any Authorization. 
 Section 4.6 Compliance with Law. Except as set forth in Section 4.6 of the Disclosure Schedules, or as would not reasonably be expected to have a Material Adverse Effect, to
the Knowledge of Seller: (a) the Company is in compliance in all material respects with all Laws, (b) the Company has not received any written notification from any applicable Governmental

  
 27 

 
Authority that it is not in compliance with any Laws, and (c) to the Knowledge of Seller and the Company, no event has occurred and no circumstance or condition exists, that (with or without
notice or lapse of time) would reasonably be expected to constitute or result in a failure of the Company to comply with the terms of any Law. 
 Section 4.7 Litigation. Except as set forth in Section 4.7 of the Disclosure Schedules, there is no Litigation pending or, to the Knowledge of Seller, threatened, against
the Company or to which the Assets or Business are subject, except Claims that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. Except as set forth in Section 4.7 of the Disclosure
Schedules, to the Knowledge of Seller, there are no unsatisfied judgments or awards against or affecting the Company or any of its properties or assets. 
 Section 4.8 Insurance. Section 4.8 of the Disclosure Schedules sets forth all a list of all material third-party liability, fire, casualty, business interruption,
workers’ compensation and other similar forms of insurance insuring the Company, the Assets or the Business, setting forth the carrier, expiration dates, a general description of type of coverage and coverage amounts. All such insurance
policies are in full force and effect and all premiums due thereon have been paid. 
 Section 4.9 Employee
Matters. 
 (a) Section 4.9(a) of the Disclosure Schedules set forth a list, which includes the
name, position; hire date, compensation and benefits, of: 
 (i) the employees, including Short-Term Inactive
Employees, employed by the Company as of the Execution Date who are represented by the Union (each, a “Represented Employee”); 
 (ii) the regular, full-time and regular, part-time employees, including Short-Term Inactive Employees, employed by the Company as of the Execution Date who are not represented by the Union (each, a
“Non-Represented Employee”, and collectively with the Represented Employees, the “Employees”); and 
 (iii) the employees of the Company or Seller (if they worked at the Refinery) who, as of the Execution Date, are not actively at work, including those who are on inactive employee status or leave of
absence, separately identifying those employees classified as Short-Term Inactive Employees and those employees classified as Long-Term Inactive Employees. “Short-Term Inactive Employee” means an employee who is not actively at work
due to illness but who is not on inactive employee status or leave of absence other than a Family Medical Leave. “Long-Term Inactive Employee” means an employee who is on inactive employee status or leave of absence except a Family
Medical Leave. 
 (b) There are no employment agreements (other than the Collective Bargaining Agreement)
governing the employment of Post-Closing Employees. The Non-Represented Employees are employed at will. 

Section 4.10 Company Plans. 

  
 28 

 (a) With respect to each Company Plan to which the following could apply:
(i) no withdrawal liability, within the meaning of Section 4201 of ERISA, has been incurred that would reasonably be expected to result in a material liability to the Company after the Closing which withdrawal liability has not been
satisfied; (ii) no liability to the Pension Benefit Guaranty Corporation that would reasonably be expected to result in a material liability to the Company after the Closing has been incurred by the Company or any ERISA Affiliate, which
liability has not been satisfied; (iii) no accumulated funding deficiency, whether or not waived, within the meaning of Section 302 of ERISA or Section 412 of the Code has been incurred that would reasonably be expected to result in a
material liability to the Company after the Closing, and (iv) all contributions (including installments) to such plan required by Section 302 of ERISA and Section 412 of the Code have been timely made. 

(b) Section 4.10 of the Disclosure Schedules sets forth a list of all material Company Plans and Company
Benefit Obligations. Seller has made available to Buyer correct and complete copies of each of the following with respect to the Company Plans and the Company Benefit Obligations: (i) all plan documents and all amendments thereto the most
recent written descriptions thereof which have been distributed to Company employees, and (ii) the most recent determination or opinion letter issued with respect to each Company Plan that is intended to be qualified under Code
Section 401(a). 
 (c) The Company does not sponsor and has never sponsored (or been obligated to sponsor),
any Pension Plans or Welfare Plans. 
 (d) The Company does not maintain or contribute to, and has never
maintained or contributed to (or been obligated to contribute to), any multiemployer plan within the meaning of Section 3(37) or Section 4001(a)(3) of ERISA or 414(f) of the Code, any multiple employer plan within the meaning of
Section 4063 or Section 4064 of ERISA or Section 413(c) of the Code, or any Company Plan or Company Benefit Obligation, fund, program, contract or arrangement that is subject to Section 412 of the Code, Section 302 of ERISA
or Title IV of ERISA. 
 (e) To the Knowledge of Seller, the consummation of the transactions contemplated by
this Agreement and the Other Agreements will not: (i) entitle any current or former officer, employee, or director of the Company to severance pay, unemployment compensation or any other payment from the Company, or increase the amount of
compensation due to any such individual except as provided in Exhibit J; (ii) require the Company to make any contribution to a “rabbi” trust; or (iii) result in a payment or series of payments by the Company or any other
person or entity, directly or indirectly, to any person that would constitute a “Parachute Payment” within the meaning of Section 280G of the Code. 
 Section 4.11 Labor Matters. 
 (a) The Company is
bound by the collective bargaining agreement, (the “Collective Bargaining Agreement”) between the Company and the Independent Oil Workers at Paulsboro, New Jersey effective March 26, 2009 (the “Union”), a true
and correct copy of which has been provided to Buyer. While working for the Company, Represented Employees work exclusively at the Refinery. Section 4.11(a) of the Disclosure Schedules sets forth each material memoranda or letter of
understanding applicable to the Collective Bargaining Agreement. 

  
 29 

 (b) Except as disclosed in Section 4.11(b) of the Disclosure
Schedules or except as would not reasonably be expected to have a Material Adverse Effect (as to (ii) and (iii) only below), to the Knowledge of Seller, (i) there are no grievances pending pursuant to the Collective Bargaining
Agreement nor are there any unfair labor practice charges or complaints pending before any agency having jurisdiction over any of the Employees and Seller or the Company has not received any notice that there are any union representation claims
involving any of the Employees or Former Employees; (ii) there are no pending strikes, work stoppages, work slowdowns, picketing, lockouts or similar labor activity, except for routine grievance matters or complaints by or with respect to any
of the Employees or Former Employees; and (iii) the Company is currently in material compliance with all Laws relating to employment and employment practices with respect to the Employees and Former Employees, including provisions thereof
relating to the WARN Act. 
 Section 4.12 Taxes. Except as set forth in Section 4.12 of the
Disclosure Schedules and except as would not reasonably be expected to have a Material Adverse Effect: 
 (a)
(i) All Tax Returns which were required to be filed by or with respect to the Company, or any member of a Relevant Group have been duly and timely filed and each such Tax Return correctly and completely reflects in all material respects the Tax
liability and all other information required to be reported thereon, (ii) all Taxes shown on each such Tax Return have been timely paid in full, (iii) no penalty, interest or other charge is or will become due with respect to the late
filing of any such Tax Return or late payment of any such Tax, and (iv) all Tax withholding and deposit requirements imposed on or with respect to the Company, or any member of a Relevant Group have been satisfied in full in all respects;

 (b) there are no waivers of any statute of limitations in respect of Taxes or any extension of time with
respect to a Tax assessment or deficiency affecting the Company or any member of a Relevant Group; 
 (c) there
are no pending proposed deficiencies or other claims for unpaid Taxes of the Company or any member of a Relevant Group, and the Company has no liability for the Taxes of any other Person other than a member of a Relevant Group; and 

(d) there are no Tax Audits pending or scheduled with respect to the Company, or any member of a Relevant Group;

 (e) there are no Tax liens on the Assets (other than liens for Taxes not yet due and payable); 

(f) the Company is not a party to, is not bound by, and has no obligation under any Tax sharing or similar agreement or
arrangement, either directly or as a member of a Relevant Group; 

  
 30 

 (g) neither the Company nor any Relevant Group is currently the beneficiary
of any extension of time beyond that permitted by applicable legislation within which to file any Tax Return that has not yet been filed; 
 (h) the Company has not been a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code, during the applicable period specified in
Section 897(c)(1)(A)(ii) of the Code; 
 (i) the Company has not been a member of an affiliated group filing
a consolidated federal income Tax Return (other than a group the common parent of which is Valero); 
 (j) Valero
has filed a consolidated federal income tax return including the Company for the taxable year immediately preceding the current taxable year and is eligible to make a Section 338(h)(10) election under the Code; 

(k) Section 4.12 of the Disclosure Schedules, lists all jurisdictions in which returns are filed by, or with
respect to, the Company; 
 (l) since December 31, 2009, the Company has not incurred any liability for
Taxes arising from extraordinary gains or losses outside the ordinary course of business consistent with past practice and custom; 
 (m) the Company has not distributed stock of another Person (other than a Person the common parent of which is Valero) or has had its stock distributed by another Person, in a transaction that was
purported or intended to be governed in whole or in part by Code Section 355 or Code Section 361; 

(n) the Company has withheld and paid each Tax required to have been withheld and paid in connection with amounts paid or
owing to any Employee or Former Employee and complied with all information reporting and backup withholding provisions of applicable Law; 
 (o) the Company does not have any net operating losses or other Tax attributes presently subject to limitation under Sections 382, 383 or 384 of the Code, or the federal consolidated return regulations
(other than limitations imposed as a result of the transactions contemplated by this Agreement); and 
 (p) To
the Knowledge of Seller, no Claim has ever been made by any Taxing Authority in a jurisdiction where a Tax Return is not filed by or with respect to the Company that the Company is or may be subject to taxation in that jurisdiction. 

Section 4.13 Intellectual Property. 

(a) Except as set forth in Section 4.13(a) of the Disclosure Schedules, (i) the Company owns, or is
licensed to use, all trademarks, tradenames, copyrights, technology, know-how and processes necessary for the conduct of the Business as currently conducted except for those with respect to which the failure to own or license could not reasonably be
expected to 

  
 31 

 
have a Material Adverse Effect (the “Intellectual Property”), (ii) no Claim has been asserted and is pending by any Person challenging or questioning the use of any such
Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor, to the Knowledge of Seller, is there any valid basis for any such Claim, (iii) the use of such Intellectual Property by the Company does not infringe
on the rights of any Person, except for such claims and infringements that, in the aggregate, do not have a Material Adverse Effect; and (iv) to Seller’s Knowledge, no royalties are due from the Company to any licensors of such
Intellectual Property on account of throughput or other similar usage in excess of licensed capacity prior to the Execution Date. 
 (b) Except as would not have a Material Adverse Effect, all payment obligations and royalties accruing prior to the Execution Date under the licenses of Intellectual Property identified in
Section 4.13(b) of the Disclosure Schedules (the “Process Licenses”) which are used by the Company in connection with the operation of the Refinery process units, have been paid. 

(c) To the Knowledge of Seller, subject to any required Third Person Consents and the requirements under
Section 8.11(c) hereof, and subject to the express terms of such Process Licenses and the Company’s continued compliance therewith after Closing, neither the execution of this Agreement, nor the consummation of the transactions
contemplated hereby, will materially and adversely affect the rights of the Company to use the Process Licenses in the manner in which such Process Licenses have been used immediately prior to Closing, except as could not reasonably be expected to
have a Material Adverse Effect. 
 Section 4.14 Undisclosed Liabilities. The Company has no material
liabilities or obligations of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise, except (a) those which are adequately reflected or reserved against
in the Balance Sheet as of the Balance Sheet Date, (b) those which have been incurred in the ordinary course of business consistent with past practice since the Balance Sheet Date, (c) liabilities disclosed in the Disclosure Schedules,
(d) agreements, commitments or contracts entered into in the ordinary course of business consistent with past practice, and (e) those that individually or in the aggregate, have not had and would not reasonably be expected to have a
Material Adverse Effect. 
 Section 4.15 Absence of Certain Changes, Events and Conditions. Since the Balance
Sheet Date, and other than in the ordinary course of business consistent with past practice, or as would not reasonably be expected to have a Material Adverse Effect, there has not been, with respect to the Company, any: 

(a) event, occurrence or development that has had, or could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, except as otherwise provided herein; 
 (b) material change in any method
of accounting or accounting practice of the Company, except as required by GAAP or as disclosed in the notes to the Financial Statements; 

  
 32 

 (c) material change in the Company’s cash management practices and its
policies, practices and procedures with respect to collection of accounts receivable, establishment of reserves for uncollectible accounts, accrual of accounts receivable, inventory control, prepayment of expenses, payment of trade accounts payable,
accrual of other expenses, deferral of revenue and acceptance of customer deposits; 
 (d) incurrence, assumption
or guarantee of any indebtedness for borrowed money except unsecured current obligations and liabilities incurred in the ordinary course of business consistent with past practice or such indebtedness to be retained by Seller as a Retained Liability
; 
 (e) transfer, assignment, sale or other disposition of any of the Assets shown or reflected in the Balance
Sheet (other than replacement of such Assets which have become obsolete, damaged, worn-out or depleted) cancellation of any debts or entitlements, except as contemplated or provided herein; 

(f) material damage, destruction or loss (whether or not covered by insurance) to its property; 

(g) any capital investment in, or any loan to, any other Person; and 

(h) imposition of any Lien upon any of the Company properties, capital stock or Assets, tangible or intangible, except the
Permitted Liens. 
 Section 4.16 Books and Records. The minute books and stock record books of the Company,
all of which have been made available to Buyer, are complete and correct in all material respects and have been maintained in accordance with generally accepted standards of practice. The minute books of the Company contain accurate and complete
records in all material respects of all meetings, and actions taken by written consent of, the stockholders, the board of directors and any committees of the board of directors of the Company. At the Closing, all of those books and records will be
in the possession of the Company or delivered to Buyer. 
 Section 4.17 Sufficiency of Assets. The buildings,
plants, structures, furniture, fixtures, machinery, equipment, vehicles and other items of tangible personal property currently owned or leased by the Company or used in the Business, together with all other properties and Assets of the Company, are
sufficient for the continued conduct of the Company’s Business after the Closing in substantially the same manner currently conducted and constitute all of the rights, property and assets necessary to conduct the Business of the Company as
currently conducted, subject to any limitations, disclosures or disclaimers expressly stated in this Agreement or in the Other Agreements and subject further to Buyer or the Company (i) obtaining all necessary Third Party Consents and
Authorizations, (ii) making its own arrangements with Seller’s reasonable assistance (to the extent provided in Section 8.7 hereof) to substitute any Multi-Site Contracts; (iii) making its own arrangements to acquire electric
service for the Refinery to the extent provided in Section 6.8, (iv) acquiring, installing and otherwise obtaining all assets necessary to provide the support services (such as, but not limited to, payroll, invoicing, accounts payable,
accounting, treasury, computer and data processing, communications, employee benefits, record and data storage and handling, insurance and legal services) which are currently provided or performed by Valero and its Affiliates, (v) establishing
and maintaining its own employee benefit plans and arrangements, (vi) obtaining any necessary working capital, financial assurances, financing and insurance; and (vii) making its own arrangements for purchasing, trading, marketing and
selling crude and petroleum products which have been conducted by VMSC and not the Company. 

  
 33 

 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES OF BUYER 
 Except as set forth in the
Disclosure Schedules, which exceptions shall be deemed to be part of the representations and warranties made hereunder, Buyer hereby represents and warrants to Seller that the following statements are true and correct as of the Execution Date:

 Section 5.1 Organization and Qualification. Buyer is a limited liability company duly organized and
validly existing and in good standing under the Laws of the jurisdiction of its organization. Buyer has the requisite power and authority to carry on its business as it is now being conducted. Buyer is duly qualified as a foreign corporation and in
good standing in each jurisdiction where the character of its properties owned or held under lease or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the
aggregate, reasonably be expected to have a material adverse effect with respect to Buyer and its Subsidiaries taken as a whole or a material adverse effect on Buyer’s ability to execute, deliver and perform its obligations under this Agreement
and the Other Agreements. 
 Section 5.2 Due Authority. Buyer has full limited liability company power and
authority to execute, deliver and perform this Agreement and the Other Agreements to which it is a party, and to carry out the transactions contemplated hereby and thereby. This Agreement and the Other Agreements to which Buyer is a party have been
duly and validly executed and delivered by Buyer and, assuming the due authorization, execution, and delivery by Seller, this Agreement and the Other Agreements to which Buyer is a party constitute the legal, valid and binding obligations of Buyer
enforceable in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency or other similar Laws affecting the enforcement of creditors’ rights generally and except that the availability of equitable
remedies, including specific performance, is subject to the discretion of the court before which any proceeding therefor may be brought. 
 Section 5.3 Conflicts and Approvals. Except for (a) the receipt of the Buyer Third Person Consents set forth on Section 5.3(a) of the Disclosure Schedules and
(b) the effectuation of all filings required under the HSR Act, and the other filings and registrations with and the receipt of the Authorizations from Governmental Authorities set forth on Section 5.3(b) of the Disclosure
Schedules, neither the execution and delivery by Buyer of this Agreement or the Other Agreements to which Buyer is a party, nor the performance by Buyer of its obligations hereunder or thereunder will (A) violate or breach the terms of or cause
a default, event of default or right for any Person to accelerate, terminate, modify or cancel under (i) any Law applicable to Buyer, (ii) the certificate of incorporation or bylaws or other organizational documents of Buyer,
(iii) any Authorizations or Judgments binding on Buyer or to which any of its assets are subject or (iv) any material contract of Buyer or (B) with the passage of time, the giving of notice or the taking of any action by a third
Person, have any of the effects set forth in clause (A) of this Section 5.3, except for any matters described in this Section 5.3 that would not reasonably be expected to materially and adversely affect the ability of
Buyer to execute, deliver and perform its obligations under this Agreement and the Other Agreements. 

  
 34 

 Section 5.4 Litigation. There are no actions, suits, proceedings,
arbitrations or investigations pending or, to the Knowledge of Buyer, threatened, against Buyer or to which any assets of Buyer are subject, except any that, individually or, with respect to multiple actions, suits, proceedings or arbitrations that
allege similar theories of recovery based on similar facts, in the aggregate, would not reasonably be expected to materially and adversely affect the ability of Buyer to execute, deliver and perform its obligations under this Agreement or any Other
Agreement to which Buyer is a party or to materially and adversely affect the Company. 
 Section 5.5 No
Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement or the Other Agreements based upon arrangements made by or
on behalf of Buyer, except any fees and commissions that will be discharged by Buyer. 
 Section 5.6 Available
Funds. Subject to the Note, Buyer will at the Closing have sufficient immediately available funds, in cash, sufficient to pay the Purchase Price, as it may be adjusted pursuant to this Agreement. 

Section 5.7 No Knowledge of Breach. To the Knowledge of Buyer, Seller is not in breach, as of the Execution Date, of
any of the representations or warranties of Seller contained in Articles III or IV. 
 Section 5.8 Purchase as
Investment. Buyer is purchasing the Shares for its own account as an investment without the present intent to sell, transfer or otherwise distribute the Shares to any other Person other than an Affiliate of Buyer, together with its directors,
executive officers and advisors, is familiar with investments of the nature of the Shares, understands that this investment involves certain risks, and believes that it has adequately investigated the Company, and has substantial knowledge and
experience in financial and business matters such that it is capable of evaluating, and has evaluated, the merits and risks inherent in purchasing the Shares, and is able to bear the economic risks of such investment. 

ARTICLE VI 
 PRE-CLOSING COVENANTS 
 Section 6.1 Operation of the
Business. Except (i) as set forth in Section 6.1 of the Disclosure Schedules, (ii) as otherwise contemplated by this Agreement (including the pre-Closing transfer of any Excluded Assets to Seller or any Affiliate of Seller
(other than the Company)), or (iii) as otherwise consented to by Buyer, such consent not to be unreasonably withheld, conditioned or delayed, from the Execution Date until the Closing, Seller shall cause the Company to: 

(a) afford to Buyer and its agents, advisors and representatives reasonable access to the Company’s properties,
personnel, documents and books and records and furnish such information about the Company as Buyer shall reasonably request, all upon reasonable notice to the Company and in a manner that does not interfere in any material respect with the normal
operations of the Business and the Company; 

  
 35 

 (b) conduct the Business and operate the Assets in the ordinary course
consistent with past practice, including without limitation continuing to prepare and procure for the planned April 2011 turnaround in all material respects; 
 (c) use commercially reasonable efforts to preserve beneficial relationships with customers, suppliers, lessors, licensors, service providers and employees; 

(d) not offer, sell, issue or grant, or authorize the offering, sale, issuance or grant of any equity securities;

 (e) not acquire, whether by merger or consolidation, by purchasing an equity interest or otherwise, any
business or any corporation, partnership, association or other business organization or division thereof; 
 (f)
not adopt any amendments to its organizational documents; 
 (g) not incur any obligations for borrowed money or
purchase money indebtedness, whether or not evidenced by a note, bond, debenture or similar instrument, nor enter into any guarantees, except (i) trade debt incurred in the ordinary course of business, and (ii) indebtedness that will be
settled at or prior to the Closing; 
 (h) except in the ordinary course consistent with past practice, not
destroy or remove any books and records of the Company; 
 (i) promptly notify Buyer of any material emergency or
other material change in (a) the Assets, except for any matters listed in Section 6.1 of the Disclosure Schedules or any activities to be performed by the Company or Seller under the Environmental Agreement, or (b) any Company
Plan; 
 (j) subject to Section 4.4(a), not amend, modify or terminate any Material Contract, in any
manner that would adversely affect the Company, or otherwise waive, release or assign any material rights, Claims or benefits of the Company under any Material Contract or enter into any derivative, option, hedge or futures contracts; 

(k) pay its debts, Taxes and other obligations when due in the ordinary course of business; 

(l) continue in full force and effect without modification the Seller Policies, except as required by applicable Law and
except for modifications made at the time of renewal as part of Valero’s corporate risk management policies, not specifically directed at the Refinery or the Business; 

(m) comply in all material respects with all applicable Laws; 

(n) not sell, transfer, pledge, or encumber any material Asset other than in the ordinary course of business; and

  
 36 

 (o) subject to Section 4.4(a), not agree, resolve or commit to
do any of the actions prohibited in Section 6.1(d) through Section 6.1(h) and Section 6.1(j) through Section 6.1(k), that would, or the effects of which would, survive the Closing. 

Section 6.2 Appropriate Action; Consents; Filings. From the Execution Date until the Closing: 

(a) Subject to Seller’s and Buyer’s additional obligations in clauses ) (b), (c) and (d) of this
Section 6.2, Seller and Buyer shall each use all commercially reasonable efforts to (i) take, or cause to be taken, all actions, and do, or cause to be done, all things that, in either case, are necessary, proper or advisable under
Law, Environmental Law or otherwise to consummate and make effective the transactions contemplated by this Agreement and the Other Agreements, and (ii) obtain from the relevant Governmental Authorities all Authorizations required to be obtained
at or prior to the Closing by Buyer, Seller or the Company in connection with the authorization, execution, delivery and performance of this Agreement and the Other Agreements and the consummation of the transactions contemplated hereby and thereby.
Buyers obligations in this regard shall include applying for and obtaining (and causing its Affiliates to apply for and obtain, where applicable) all federal, state and local sales, use, motor fuels, franchise and other Tax permits, licenses,
certificates, exemptions and similar Tax-related Authorizations as are necessary to enable Buyer and its Affiliates, as applicable, to consummate the transactions contemplated hereunder and under the Other Agreements. 

(b) As promptly as practicable, Seller and Buyer shall make all necessary filings, including filings under the HSR Act,
and other filings and registrations referred to in the Disclosure Schedules, and thereafter make any other required submissions, with respect to this Agreement and the transactions contemplated hereby required under any Law or Environmental Law at
or prior to the Closing. Buyer and Seller shall bear the costs and expenses of their respective filings; provided, that Buyer shall pay the filing fee in connection with any such filings. Buyer and Seller shall reasonably cooperate in
connection with the making of all such filings, including by providing copies of all such documents to the nonfiling party and its advisors prior to filing (excluding documents and communications which are subject to preexisting confidentiality
agreements or the attorney-client privilege or work product doctrine or which refer to valuation of the Assets or the Business) and, if requested, consider in good faith all reasonable additions, deletions or changes suggested in connection
therewith. Buyer and Seller shall each use all commercially reasonable efforts to furnish or cause to be furnished all information required for any application or other filing to be made pursuant to any Law or Environmental Law in connection with
the transactions contemplated by this Agreement and the Other Agreements. 
 (c) Except to the extent restricted
by confidentiality obligations, Buyer and Seller shall each give prompt notice to the other of the receipt of any written notice or other written communication from (i) any Person alleging that the consent of such Person is or may be required
in connection with the transactions contemplated hereby, (ii) any Governmental Authority in connection with the transactions contemplated hereby, (iii) any Governmental Authority or other Person regarding the initiation or threat of
initiation of any Claims, actions, suits, proceedings, arbitrations or investigations against, relating to, or involving or otherwise affecting the Company, Buyer or Seller that relate to the consummation of the transactions

  
 37 

 
contemplated hereby, and (iv) any Person regarding the occurrence or nonoccurrence of any event the occurrence or nonoccurrence of which would be reasonably likely to (A) cause any
condition to the obligations of the other party to consummate the transactions contemplated hereby not to be satisfied, (B) cause a breach of the representations, warranties or covenants of such party under this Agreement, or (C) delay or
impede the ability of either Buyer or Seller, respectively, to consummate the transactions contemplated by this Agreement or to fulfill their respective obligations set forth herein. Nothing in this Section shall require Buyer to provide Seller any
notice or communication among Buyer and its owners or with respect to Buyer’s efforts to finance the transaction. 
 (d) Buyer and Seller each agree to cooperate and to use all commercially reasonable efforts to vigorously contest and to resist any action, including legislative, administrative or judicial action, and to
have vacated, lifted, reversed or overturned any order (whether temporary, preliminary or permanent) of any court or other Governmental Authority that is in effect and that restricts, prevents or prohibits the consummation of the transactions
contemplated by this Agreement or the Other Agreements, including the vigorous pursuit of all available avenues of administrative and judicial appeal and all available legislative action. Notwithstanding anything to the contrary in this Agreement,
Buyer shall take, or cause to be taken, such commercially reasonable actions related to or involving the Business required by any Governmental Authority as a condition to the granting of any Authorization necessary for the consummation of the
transactions contemplated by this Agreement or the Other Agreements, or as may be required to avoid, lift, vacate or reverse any legislative, administrative or judicial action that would otherwise cause any closing condition not to be satisfied;
provided that Buyer will not be required to place any restrictions or accept any burden, cost, risk or liability on Buyer, its Affiliates, the Business, the Company, or Buyer’s and Buyer’s Affiliates pre-existing business, and none
of Buyer, Buyer’s Affiliates or the Company shall be required to dispose of any of their respective assets. 

(e) Buyer and Seller shall each timely give or cause to be given all notices to third Persons and use all commercially
reasonable efforts to obtain all Third Person Consents (i) set forth on Section 3.3(a) and Section 5.3(a) of the Disclosure Schedules, (ii) required under any Material Contract in connection with the consummation of
the transactions contemplated hereby or (iii) otherwise required to prevent a Material Adverse Effect from occurring prior to or after the Closing. Except as otherwise expressly set forth herein and except with in connection with the assignment
of the Lubes Agreement and Light Products Agreement to the Company, Buyer or any Buyer Affiliate, Seller shall be solely responsible for the payment of all third party transfer fees and other commercially reasonable costs, fees and expenses, if any,
necessary to secure any Third Person Consents or otherwise effect the transfer of any Material Contracts from Seller to Buyer; provided however, that Seller shall not be obligated (x) to pay or assume any costs or expenses of Buyer or its
counsel incurred in furtherance of Buyer’s obligations hereunder or any costs or expense resulting from Buyer’s failure to honor its obligations under this Agreement or the Other Agreements, or (y) to provide any form of bank
guarantee, parent company guaranty, bond, letter of credit or other credit support or enhancement to secure any Third Person Consents or otherwise effect the transfer of any Material Contract. 

  
 38 

 (f) Buyer shall use diligent efforts to secure the release of Seller and its
Affiliates from liability (whether absolute or contingent) for any post-Closing obligations of Company under any Authorizations or Material Contracts assigned or transferred from Seller or any of its Affiliates to Company, and to secure the release
of Seller and its Affiliates from any guarantees of the Company’s post-Closing obligations under any Authorizations or Material Contracts to which the Company remains a party after Closing. Buyer’s efforts in this regard shall include, if
necessary, causing the Buyer Guarantor to guarantee the obligations of the Company under the affected Authorizations or Material Contracts assigned or transferred from Seller or any of its Affiliates to Company, and to secure the release of Seller
and its Affiliates from any guarantees of the Company’s post-Closing obligations under any Authorizations or Material Contracts or posting a letter of credit, performance bond or other form of credit support to replace any similar form of
credit support provided by Seller or any of its Affiliates prior to Closing. Seller and its Affiliates shall have the right to cancel or revoke, effective as of the Closing Date, all guarantees, bonds, letters of credit and similar undertakings
provided by them or on their behalf to secure any post-Closing obligations of Company, provided that Seller will not do so without notifying Buyer and allowing Buyer the reasonable opportunity to provide the counterparty a guarantee, bond, letters
of credit or similar undertaking on substantially similar terms to those provided by Seller or its Affiliates, or to otherwise take steps adequate to either secure Seller’s release or protect Seller from Claims by the parties in whose favor
such guarantees or other credit support obligations run. Buyer shall indemnify the Seller Indemnitees in accordance with Section 12.3 for any Losses the Seller Indemnitees suffer or incur and which they would not have suffered or
incurred but for Buyer’s failure or inability to secure any of the releases required under this paragraph. The provisions of this paragraph shall survive Closing. 
 Section 6.3 Breach Notice. If, prior to the Closing Date, one Party obtains knowledge of a breach of any of its or the other party’s representations, warranties or covenants
contained in this Agreement, it shall notify the other party in writing of such information (the “Breach Notice”) as promptly as reasonably possible, but in all events not later than the day prior to the Closing Date. The Breach
Notice shall contain reasonable details regarding the alleged breach and a good faith estimate of the potential Losses associated with such breach. 
 Section 6.4 Right of Entry. 
 (a) Buyer hereby
acknowledges that any access to the Refinery and any Real Property by Buyer or any representative, consultant or other Person acting by or on behalf of Buyer (“Diligence Representative”) shall be at the sole risk, cost and expense
of Buyer except for the gross negligence or willful misconduct of Seller Indemnitees or other third parties other than Buyer or any Diligence Representative. Buyer shall ensure that each Diligence Representative complies with all safety and similar
requirements customarily imposed by the Company on its properties. Before and after the Closing, BUYER SHALL ASSUME AND INDEMNIFY, DEFEND AND HOLD HARMLESS THE SELLER INDEMNITEES FROM AND AGAINST ANY AND ALL CLAIMS FOR PERSONAL INJURY, DEATH OR
PROPERTY DAMAGE ARISING OUT OF BUYER’S OR ANY DILIGENCE REPRESENTATIVE’S ENTRY UPON OR ACCESS TO THE REFINERY AND ANY OTHER PHYSICAL ASSETS AND ALL LOSSES INCURRED BY THE SELLER INDEMNITEES WITH RESPECT TO EACH SUCH CLAIM, IN EACH CASE
REGARDLESS OF THE NEGLIGENCE OR OTHER FAULT (OTHER THAN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE SELLER INDEMNITEES OR ANY EMPLOYEE OF ANY SUCH PERSON) OF THE SELLER INDEMNITEES OR ANY 

  
 39 

 
EMPLOYEE OF ANY SUCH PERSON. Additionally, any inspection or investigation conducted by Buyer or its Diligence Representatives shall be conducted in accordance with Law or Environmental Law,
applicable Refinery rules and regulations (including those related to health, safety, security and the environment) and in such manner as not to unreasonably interfere with the Refinery or any other Assets of the Company. Buyer shall not be entitled
to conduct any invasive testing or invasive environmental assessments or any other sampling (including air sampling) or testing of soil or ground or surface water at, or under, any Real Property associated with the Refinery or any other Assets of
the Company, without the prior written consent of Seller which such consent may be withheld in Seller’s sole discretion, Buyer being limited to the review of Seller’s or its Affiliate’s records or any other publicly available
materials or information with regard to these matters. 
 (b) Before any Diligence Representative is permitted to
engage in any activities within the Refinery, Buyer shall (or shall cause the applicable Diligence Representative to) provide proof that the following types and minimum amounts of insurance coverage are in effect and cover the activities of such
Diligence Representative: 
  

			
	 A.      1.     Worker’s Compensation1
	  	As required by applicable law
	 2.      Employer’s Liability
	  	$100,000 each accident
		
	 B.     Commercial General Liability:
	  	$1,000,000 Combined Single Limit endorsed to cover (i) contractual liability Bodily Injury and Property Damage assumed under this Agreement, (ii) products liability, and (iii)
completed operations
		
	 C.     Automobile Liability Coverage: endorsed endorsed to cover all owned non-owned and hired
vehicles
	  	$1,000,000 Combined Single Limit Bodily Injury and Property Damage Combined
		
	 D.     Excess Liability in excess of A.2., B. & C. Endorsed to provide drop down Endorsement in the
event underlying limits are exhausted by claims. (Not required for Diligence Representatives whose scope of work is limited to low risk activities distant from Refinery operational areas.)
	  	$10,000,000 Combined Single Limit Bodily Injury and Property Damage Combined

 Buyer shall furnish (or cause to be furnished) to Seller a certificate of insurance evidencing that the above minimum
coverages are in effect. All policies shall contain a waiver of subrogation clause in favor of the Seller Indemnitees. All policies except A.1 above shall be endorsed to name the Seller Indemnitees as additional insureds. The certificate of
insurance shall further specify that all coverages are primary over (and not contributory with or secondary to) any insurance carried by the Seller Indemnitees for their own account. Such insurance shall be 

 

	1 	Not required for individual Diligence Representatives who have no employees. 

  
 40 

 
endorsed with a standard cross liability clause in favor of the Seller Indemnitees. Such insurance shall cover the actions of all Diligence Representatives. The certificate of insurance shall
state that Seller shall be provided not less than thirty (30) days prior written notice of any cancellation or material adverse change with respect to any of the policies. 
 Notwithstanding anything to the contrary contained in this Agreement, the provisions of this paragraph shall survive the Closing and any cancellation or termination of this Agreement. The insurance
required under this paragraph shall operate independent and apart from Buyer’s indemnification obligations under this Agreement. 
 Section 6.5 Condition of the Company’s Assets and Marketing Assets. In consummating the purchase of the Shares and Marketing Assets contemplated hereunder, Buyer acknowledges that
it will become the owner of the Company and the indirect owner of the Assets and owner of the Marketing Assets, and that, BUYER ACCEPTS SUCH ASSETS AND MARKETING ASSETS IN THEIR AS-IS, WHERE-IS, CONDITION, WITH ALL FAULTS, WITHOUT ANY EXPRESS OR
IMPLIED COVENANT, WARRANTY AS TO TITLE, CONDITION (INCLUDING ANY ENVIRONMENTAL CONDITION), MERCHANTABILITY, PERFORMANCE, FITNESS (BOTH GENERALLY AND FOR ANY PARTICULAR PURPOSE) OR OTHERWISE (WHICH WARRANTIES SELLER HEREBY EXPRESSLY DISCLAIMS AND AS
TO THE MARKETING ASSETS, SELLER ON BEHALF OF VMSC HEREBY DISCLAIMS), OR RECOURSE, OTHER THAN AS EXPRESSLY SET FORTH IN THIS AGREEMENT OR IN THE OTHER AGREEMENTS. 
 Section 6.6 Independent Investigation. Buyer acknowledges and affirms that (i) it has had full access to the extent it deems useful or necessary to all information and materials
made available by Seller and its representatives during the course of Buyer’s due diligence investigation of the Company and the Assets, and (ii) it has had access to the personnel, officers, professional advisors, operations and records
of Seller pertaining to the Company and the Assets. As of the Closing, Buyer will have completed its independent investigation, verification, analysis, review and evaluation of this Agreement, the Other Agreements, the Assets and Seller, as Buyer
has deemed necessary or appropriate. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES EXPRESSLY MADE BY SELLER IN THIS AGREEMENT, THE OTHER AGREEMENTS OR IN ANY CERTIFICATE DELIVERED PURSUANT HERETO, BUYER ACKNOWLEDGES AND AGREES THAT:
(a) THERE ARE NO REPRESENTATIONS, WARRANTIES, STATEMENTS, ASSURANCES OR GUARANTEES MADE BY SELLER OR ANY OF ITS AFFILIATES OR ANYBODY ACTING ON THEIR BEHALF, EXPRESS OR IMPLIED, AS TO (i) THE COMPANY’S ASSETS OR THE MARKETING ASSETS,
OR (ii) THE LIABILITIES, BUSINESS, RESULTS OF OPERATIONS, CONDITION (FINANCIAL, ENVIRONMENTAL OR OTHERWISE) OR PROSPECTS RELATING TO THE BUSINESS, AND THAT IN MAKING ITS DECISION TO ENTER INTO THIS AGREEMENT AND TO CONSUMMATE THE PURCHASE OF
THE SHARES, BUYER HAS RELIED AND WILL RELY SOLELY UPON ITS OWN INDEPENDENT INVESTIGATION, VERIFICATION, ANALYSIS AND EVALUATION; (b) SELLER DISCLAIMS ALL LIABILITY AND RESPONSIBILITY FOR ANY REPRESENTATION, WARRANTY, STATEMENT OR INFORMATION
ORALLY OR IN WRITING MADE OR  

  
 41 

 
COMMUNICATED TO BUYER INCLUDING ANY OPINION, INFORMATION OR ADVICE WHICH MAY HAVE BEEN PROVIDED TO BUYER BY OR ON BEHALF OF SELLER, THE COMPANY OR ANY AFFILIATES OF SELLER, INCLUDING
(i) ANY MODELS PROVIDED BY SELLER OR ITS AFFILIATES, WHICH HAVE BEEN PROVIDED FOR ILLUSTRATION PURPOSES ONLY, (ii) ANY CORRESPONDENCE FROM SELLER OR ANY OF ITS REPRESENTATIVES OR AFFILIATES, (iii) ANY PRESENTATION BY THE MANAGEMENT OF
SELLER OR ITS AFFILIATES, AND (iv) ANY INFORMATION, DOCUMENT OR MATERIALS PROVIDED OR MADE AVAILABLE TO BUYER, OR STATEMENTS MADE TO BUYER, DURING SITE OR OFFICE VISITS, IN ANY DATA ROOM OR MANAGEMENT PRESENTATION; (c) NEITHER SELLER NOR
ANY AFFILIATE, AGENT, OR REPRESENTATIVE OF SELLER HAS MADE, AND SELLER HEREBY EXPRESSLY DISCLAIMS AND NEGATES, ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, FITNESS (BOTH GENERALLY AND FOR A PARTICULAR PURPOSE), OR CONFORMITY TO MODELS OR
SAMPLES AND ANY OTHER REPRESENTATION OR WARRANTY, EXPRESS, STATUTORY OR IMPLIED, RELATING TO THE COMPANY’S OR ITS SUBSIDIARIES’ ASSETS OR THE MARKETING ASSETS; AND (d) SELLER MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE
USE OR CONDITION (INCLUDING ENVIRONMENTAL USE OR CONDITION), THE PRESENCE OR ABSENCE OF HAZARDOUS MATERIALS AT, ON, UNDER OR FROM ANY PORTION OF THE REFINERY OR THE COMPANY’S OTHER ASSETS OR THE MARKETING ASSETS, COMPLIANCE WITH APPLICABLE
STATUTES, LAWS, ENVIRONMENTAL LAWS, CODES, ORDINANCES, REGULATIONS OR REQUIREMENTS RELATING TO LEASING, ZONING, SUBDIVISION, PLANNING, LAND USE, BUILDING, FIRE, SAFETY, HEALTH OR ENVIRONMENTAL MATTERS, COMPLIANCE WITH COVENANTS, CONDITIONS AND
RESTRICTIONS (WHETHER OR NOT OF RECORD), OTHER INTERNATIONAL, NATIONAL, REGIONAL, FEDERAL, STATE, PROVINCIAL OR LOCAL REQUIREMENTS OR OTHER STATUTES, LAWS, CODES, ORDINANCES, REGULATIONS OR REQUIREMENTS, INCLUDING ENVIRONMENTAL LAWS AND PERMITS.

 WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, SELLER MAKES NO REPRESENTATION OR WARRANTY REGARDING ANY THIRD PARTY BENEFICIARY RIGHTS
OR OTHER RIGHTS WHICH BUYER MIGHT CLAIM UNDER ANY STUDIES, REPORTS, TESTS OR ANALYSES PREPARED BY ANY THIRD PARTIES FOR SELLER OR ANY OF ITS AFFILIATES OTHER THAN COMPANY (SHOULD THE CLOSING OCCUR), EVEN IF THE SAME WERE MADE AVAILABLE FOR REVIEW BY
BUYER OR ITS AGENTS, REPRESENTATIVES OR CONSULTANTS. 
 Section 6.7 Supplement to Disclosure Schedules.
Seller may from time to time prior to the Closing, by written notice to Buyer, supplement or amend the Disclosure Schedules to correct any matter that would constitute a breach of any representation or warranty of Seller in Article III or
Article IV. For purposes of determining whether Buyer’s conditions set forth in Section 9.3 have been fulfilled, the Disclosure Schedules shall be deemed to include only that information contained therein on the Execution
Date and shall be deemed to exclude all 

  
 42 

 
information contained in any supplement or amendment thereto. If Buyer is not obligated to close but shall elect to close and the Closing shall occur, then any matters disclosed to Buyer pursuant
to any supplement or amendment after the Execution Date and prior to the Closing shall be deemed to be waived by Buyer, and Buyer shall not be entitled to make a Claim thereon under this Agreement (including pursuant to Article XII) or
otherwise. If, however, Buyer is obligated to close and the Closing shall occur, then any matter disclosed to Buyer pursuant to any supplement or amendment provided by Seller after the Execution Date and prior to the Closing shall not be deemed to
be waived by Buyer, and Buyer shall be entitled to make a Claim thereon under this Agreement (including pursuant to Article XII) or otherwise. Further, if Buyers obtain Knowledge of any matter hereunder prior to the Closing and the Closing
shall occur, any waiver or non-waiver of any related Claim will be handled in the same manner as such matters are handled with respect to any supplement or amendment to Seller Disclosure Schedule (e.g., they will be waived only if Buyer is not
obligated (but elect) to close). 
 Section 6.8 Electricity. 

(a) The Company obtains electric supply for the Refinery from an Affiliate, Valero Power Marketing, LLC
(“VPM”), and VPM has been authorized by the New Jersey Board of Public Utilities (“BPU”) to be an Electric Supplier in New Jersey. 

(b) The Company was a party to a Power Purchase Agreement with Atlantic City Electric Company (AECO), effective as of
August 1, 2003, as amended (the “2003 PPA”), and an Interim Interconnection Agreement, of even date therewith, as amended (the “IIA”). Pursuant to the 2003 PPA, the Company could sell excess energy produced by the
generation facilities at the Refinery, if any, exclusively to AECO. The 2003 PPA expired by its own terms on August 5, 2010 and AECO was not interested in renewing or extending the PPA. AECO has also requested that the Company replace the IIA
with a new interconnection agreement. Accordingly, the Company is currently in the process of executing a new IIA with PJM Interconnection, L.L.C. (“PJM”) and AECO which will supersede and replace the IIA and enable the Company to
participate in the PJM energy market once the Company obtains the necessary FERC approvals to make wholesale sales directly in PJM’s energy market or to third parties into the PJM energy markets. As of the Execution Date, the Company has not
sold any energy or capacity into the PJM market and the Company is not currently authorized to do so. 
 (c)
Buyer has caused its Affiliate, PBF Power Marketing LLC (“PBFPM”), to file with the BPU to become an Electric Supplier in New Jersey and a designated third party Electric Supplier with AECO. As this process may take several months,
the Seller, through its Affiliate VPM, will for a period of six (6) months following the Closing Date continue to act as the electric supplier to the Company for electric purchases pursuant to the terms and conditions set forth in the
Transition Services Agreement. Seller, through VPM will charge the Company a flat monthly fee for electricity plus the APN charge, all as set forth in the Transition Services Agreement. 

  
 43 

 Section 6.9 FCC Repair Credit. 

(a) The Parties hereby acknowledge that the FCC is in need of certain repairs and/or modifications which the Seller has
represented to Buyer are determined to cost $61,500,000 (assuming such repairs are addressed during the scheduled April 2011 turnaround) plus $17,000,000 in lost margin for a total established cost of $78,500,000.00 (the “FCC Repair
Cost”). At Closing, Seller and Buyer agree to deduct from the Purchase Price the sum of $36,301,000 (which represents 50% of the FCC Repair Cost, less the sum of $2,949,000, which has already been spent by Seller or its Affiliates in the
procurement of materials, engineering and planning, and/or repairs related to the FCC prior to the Execution Date), less additional third party expenses such as engineering costs, material procurement and repair costs which have been or will be
incurred by Seller or the Company prior to Closing for the purpose of making repairs to the FCC which are within the scope of the April 2011 turnaround or which reduce the repairs within the scope of the April 2011 turnaround, or in preparing the
FCC for its scheduled April 2011 turnaround (the “FCC Purchase Price Reduction”). Buyer acknowledges and agrees that to the extent Seller incurs additional costs as a result of a change in the scope of work or materials used in
connection with the repairs and/or modifications to the FCC or in the timing of such repairs and/or modifications to the FCC at the request of Buyer, all such additional costs and expenses shall be included as FCC Additional Repair Costs.

 (b) On or before five (5) days prior to the Closing Date, Seller will provide Buyer with a statement (the
“FCC Repair Statement”) which sets forth the amount of third party expenses such as engineering costs, material procurement and repair costs incurred with respect to the FCC following the Execution Date, together with reasonable
supporting calculations and information. Seller shall give and shall cause the Company to give Buyer and its advisors reasonable access to the books and records for the purpose of verifying the costs of material purchases and repairs to the FCC
following the Execution Date. Unless Buyer gives notice to Seller on or before three (3) days prior to the Closing Date that Buyer disputes the costs of material purchases and repairs to the FCC specified in the FCC Repair Statement, the costs
of such material purchases and repairs made to the FCC following the Execution Date (the “FCC Additional Repair Costs”) as reflected on the FCC Repair Statement shall be included in the FCC Purchase Price Reduction. If Buyer gives
notice to Seller within three (3) days prior to the Closing Date that it disputes the FCC Additional Repair Costs, Seller and Buyer shall consult in good faith and use all reasonable efforts to agree upon the calculation of the FCC Additional
Repair Costs. If on or before the Closing Date, Seller and Buyer have not agreed on the FCC Additional Repair Costs, the sum of $36,850,000 less that portion of the FCC Additional Repair Costs which are not in dispute shall be deducted from the
Purchase Price at Closing and either Seller or Buyer shall have the right to submit such matters as remain in dispute to Baker & O’Brien (which Seller and Buyer each represent and warrant are independent of such party), or such other
accounting firm as Seller and Buyer shall mutually agree, for final resolution, which resolution shall be provided within ninety (90) days following the Closing Date and shall be binding upon Seller and Buyer, and judgment upon which may be
entered in any court having jurisdiction over the party against which such determination is sought to be enforced. The fees and expenses of such accounting firm for its services in resolving such dispute shall be borne equally by Seller and Buyer.

 (c) Buyer acknowledges and agrees that neither Seller nor any of its Affiliates shall have any obligation or
liability, and Buyer hereby releases Seller from any such obligation or liability: (i) to make any material purchases or repairs to the FCC subject to Section 6.1(b), hereof. (ii) to correct any design or other defects in the
FCC; (iii) with respect to the use or condition of the FCC, including without limitation any repairs or maintenances made by Seller 

  
 44 

 
or its Affiliates to the FCC prior to the Closing Date, or (iv) for any additional expenses or costs for materials or repairs to the FCC, other than the FCC Purchase Price Reduction. Without
limiting the disclaimer in Section 6.5 and Section 6.6 hereof, Buyer shall be solely responsible for making all necessary repairs to and correcting any defects in the FCC, and at Closing accepts the FCC in its “AS
IS” “WHERE IS” “WITH ALL FAULTS” condition. Neither Seller nor any Affiliate of Seller makes any representation, warranty or covenant that the FCC Repair Costs will be sufficient to make all necessary repairs or
modifications to the FCC or correct any defects, including design defects in the FCC. The provisions of this Section 6.9 shall survive Closing. 
 Section 6.10 Assignment of Exxon Lubes Agreement and [REDACTED]. Prior to Closing, Seller shall have the right to cause VMSC to assign and transfer to the Company the following Seller
Contracts: (i) the Purchase and Sale Agreement for Lubricant Base Oils dated September 16, 1998, between ExxonMobil Oil Corporation (as successor to Mobil Oil Corporation) and VMSC, as amended (the “Lubes Agreement”), and
(ii) [REDACTED] 
 Section 6.11 Conversion of Company to LLC. Prior to or at the time of Closing, Seller shall
convert the Company from a Delaware corporation to a Delaware limited liability company authorized to do business in each of the jurisdictions the Company is authorized to do business as of the Execution Date. Seller shall provide copies to Buyer of
any documents to be filed or submitted prior to Closing to effectuate such conversion. Buyer acknowledges that Seller is converting the Company’s form prior to or at the time of Closing as an accommodation to Buyer and neither Seller nor any
Affiliate of Seller shall be liable or responsible for any Claims, Losses, liabilities or obligations arising out of or resulting from such conversion unless caused by the gross negligence or willful misconduct of Seller. Buyer hereby assumes and
shall be responsible for, and pay and discharge any and all Claims, Losses, liabilities and obligations arising out of, resulting from or with respect to the conversion of the Company from a Delaware corporation to a Delaware limited liability
company unless caused by the gross negligence or willful misconduct of Seller. To the extent any Authorization or Third Person Consent is necessary as a result of the conversion; Buyer shall be responsible for obtaining such Authorization and Third
Person Consent and paying for any costs or expenses to secure any such Authorization or Third Person Consent. Buyer shall indemnify the Seller Indemnitees in accordance with Section 12.3 against any Claims or Losses they may suffer as a
result of the conversion of the Company from a Delaware corporation to a Delaware limited liability company unless caused by the gross negligence or willful misconduct of Seller. Seller acknowledges that after Closing, Buyer intends to change the
name of Company to “Paulsboro Refining Company LLC.” 
 Section 6.12 Allocation of Saudi Crude.
[REDACTED]. 

  
 45 

 ARTICLE VII 

TITLE MATTERS 
 Section 7.1 Title Commitment. Seller shall endeavor to cause the Title Company to issue, within twenty (20) days after the Effective Date one or more commitments (the “Title
Commitments”) for the Title Policy to be issued by the Title Company with respect to each parcel of Real Property owned in fee simple by the Company and comprising any portion of the Refinery held by the Company. 

Section 7.2 Cost of Title Policy. Seller shall pay for the basic premium for coverage under the Title Policy in amount of
$125,000,000. Buyer shall pay for any endorsements or extended coverages it may desire on the Title Policy, as well as for any basic coverage in excess of the amount Seller is required to provide under the immediately preceding sentence. Buyer shall
also pay for a mortgagee’s policy to insure the mortgage provided to Seller pursuant to the Loan. 
 Section 7.3
Survey. Seller shall not be obligated to provide any new or updated surveys of any of the Real Property, and neither Buyer’s or any of its lenders’ receipt of any such surveys shall constitute a condition to Closing or form the
basis for delaying Closing; however, Seller agrees to reasonably cooperate with Buyer prior to Closing to permit Buyer to attempt to procure any surveys of the Real Property that Buyer reasonably deems necessary, all at Buyer’s sole risk, cost
and expense. 
 ARTICLE VIII 
 POST-CLOSING COVENANTS 
 Section 8.1 Employee Matters. Buyer
and Seller agree to the provisions set forth in Exhibit J attached hereto. 
 Section 8.2 Insurance. 

(a) Seller and Buyer acknowledge that Seller participates in a program of property and liability insurance coverage for
itself and its Affiliates. This program has been designed to achieve a coordinated risk-management package for Seller and all of its Affiliates. The program consists of various types of policies including: (a) policies under which Seller or
Affiliates (including the Company) or their predecessors are insured; (b) policies issued directly to Affiliates by one of Valero’s wholly-owned insurance companies (“Seller Captive Insurers”); (c) policies issued to
Affiliates by one of the Seller Captive Insurers that may or may not be reinsured by third party insurers; and (d) policies issued under a fronting arrangement policy (or its equivalent) by third party insurers that may or may not be reinsured
(including through a guarantee, indemnity, letter of credit or similar undertaking) by Valero or its Affiliates. All of the insurance policies through which the program of coverage is presently or has previously been provided by or to Seller, its
predecessors or Affiliates (including the Company) are herein referred to collectively as the “Seller Policies.” Nothing in this Section 8.2 shall affect any insurance provided to the Company by third parties (e.g.,
contractors) that are not part of the Seller Policies. It is understood and agreed by Buyer that from and after the Closing: 
 (i) No insurance coverage shall be provided under the Seller Policies to Buyer or the Company; 

  
 46 

 (ii) Any and all policies insured or reinsured by any of the Seller Captive
Insurers which, but for this provision, would have insured the Company, the Business or the Assets shall be deemed terminated, commuted and cancelled ab initio as to the Assets, the Business, Buyer and its Affiliates (including the Company), but
without prejudice to Seller’s and its Affiliates’ rights thereunder; and 
 (iii) Without limiting
Seller’s and its Affiliates’ (other than the Company) recourse against the Seller Policies in connection with Claims related to Retained Liabilities, the Excluded Assets or any other matter for which Seller has indemnified the Buyer
Indemnitees hereunder, no Claims regarding any matter whatsoever, whether or not arising from events occurring prior to the Closing, shall be made by Buyer or the Company against or with respect to any of the Seller Policies, regardless of their
date of issuance. 
 (b) Certain contractors who perform work at the Refinery participate in an Owner Controlled
Insurance Program (“OCIP”) pursuant to which employees of such contractors are covered by workers compensation insurance provided through Valero, rather than the contractor’s own workers compensation program. The Company’s
work agreements and similar contracts with these contractors typically provide for the Company to receive a discount off the contractor’s rates when the contractor is enrolled in the OCIP. Neither Seller nor any of its Affiliates shall have any
obligation to continue to provide OCIP to any Refinery contractors after Closing, and it is Seller’s intention to terminate the OCIP participation of all contractors working at the Refinery effective as of or prior to Closing, provided however,
such termination shall not effect coverage for contractors or employees of contractors for periods prior to the termination of the OCIP participation. Seller shall provide notice prior to Closing to all OCIP participants of the pending termination
of the program. Such termination will trigger the higher non-OCIP rates under the affected contractors’ work agreements and other contracts with the Company. 
 Section 8.3 Specified Litigation and Retained Litigation. With respect to any Retained Litigation the outcome of which would reasonably be expected to materially and adversely affect the
Company, or Buyer (“Specified Litigation”), Seller will respond in good faith to Buyer’s reasonable requests for information or consultation with respect thereto. Seller will not consent to the entry of any judgment or enter
into any settlement with respect to any Specified Litigation without the prior written consent of Buyer (not to be unreasonably withheld) if the judgment or proposed settlement would reasonably be expected to materially and adversely affect the
Company, or Buyer; provided, however, that Seller may consent to the entry of any judgment or enter into any settlement with respect to any Specified Litigation without Buyer’s consent if the sole relief provided in any such entry
of judgment or settlement is monetary damages that are paid in full by Seller. Buyer specifically recognizes the obligations imposed by modern discovery practice, including preservation, collection, review, and production of documents and evidence,
including those in electronic, paper, and other form. After Closing, Buyer and the Company will comply with Seller’s reasonable requests to preserve, access, collect, inspect, or review documents and evidence potentially relevant to any
Retained Litigation, Claims related to Excluded Assets or other matters for which Seller has indemnified the Buyer Indemnitees hereunder, and will make personnel and the Refinery reasonably available

  
 47 

 
to the extent required in connection with any such matters. If Buyer’s or Company’s breach of the provisions of the immediately preceding sentence materially prejudices Seller’s
position with respect to any Retained Litigation, Seller’s remedies therefor will include the transfer of liability for such Retained Litigation to Buyer. 
 Section 8.4 Tax Matters 
 (a) In the case of any
taxable period that includes (but does not end on) the day before the Closing Date (a “Straddle Period”), the amount of any Taxes (other than property taxes and franchise taxes) of the Company for the portion of the Straddle Period
that relates to the Pre-Closing Tax Period shall be determined based on an interim closing of the books as of the closing of business on the day before the Closing Date, and the amount of property taxes and franchise taxes of the Company for the
portion of the Straddle Period that relates to the Pre-Closing Tax Period shall be deemed to be the amount of such tax for the entire taxable period, multiplied by a fraction, the numerator of which is the number of days in the taxable period
ending on the day before the Closing Date, and the denominator of which is the number of days in such Straddle Period. Notwithstanding anything to the contrary herein, any franchise tax paid or payable with respect to the Company shall be allocated
to the taxable period during which the income, operations, assets or capital comprising the base of such tax is measured, regardless of whether the right to do business for another taxable period is obtained by the payment of such franchise tax.

 (b) For the Pre-Closing Tax Period, Seller shall prepare and file separate state and local Tax Returns for the
Company in jurisdictions requiring separate reporting from the Company and shall cause the income (loss) of the Company to be included in such Tax Returns in accordance with the relevant Tax Law, and Seller or Seller’s Affiliate shall cause the
income (loss) of the Company to be included in the consolidated federal income Tax Return or combined or consolidated state and local Tax Returns in which it is a member in accordance with the relevant Tax Law. All such Tax Returns shall be prepared
at the expense of Seller and filed in a manner consistent with prior practice, except as required by a change in Tax Law or the interpretation of substantial authority previously relied upon by Seller, or as required under any audit settlement or
other settlement previously entered into between the Company or any of its Affiliates and a Taxing Authority. Buyer shall cause the Company to file separate Tax Returns, or shall include the Company in its combined or consolidated income Tax
Returns, and shall include the income (loss) of the Company in such Tax Returns attributable to the remaining time in the Straddle Period following the Pre-Closing Tax Period, in accordance with the relevant Tax Law. In addition, Buyer shall be
responsible for filing Tax Returns for the Straddle Period in any jurisdictions that do not allow a “closing of the books” method for determining a taxable period, and shall prepare such Tax Returns in a manner consistent with past
practices of the Company. Buyer shall provide Seller a copy of all Straddle Period Tax Returns (or, if appropriate, pro forma copies of such Tax Returns) no later than fifteen (15) days prior to the due date thereof for Seller’s review and
comments, which comments shall be accepted if reasonable. 
 (c) Seller shall assume and be liable for, and shall
pay to the relevant Taxing Authority when due, and shall indemnify and hold harmless the Buyer Indemnitees from and against, all Taxes of the Company to the extent relating to any Pre-Closing Tax Period and all Taxes of any member of a Relevant
Group; provided that, as a convenience to Seller, if the 

  
 48 

 
Company is required under the relevant Tax Law to pay such Taxes directly to the relevant Taxing Authority, Seller shall pay an amount equal to such Taxes directly to the Company not less than
five (5) days before such Taxes are due, and Buyer shall cause the Company to pay such Taxes on a timely basis. If Seller is required to file any Tax Returns for the Company relating to any Pre-Closing Tax Period, Buyer agrees to provide or
cause the Company to provide to Seller (or directly to the relevant Taxing Authority, if required) any Taxes relating to the remaining time in the Straddle Period following the Pre-Closing Tax Period, and all information necessary for Seller to file
such Tax Returns within five (5) days prior to the date such Tax Returns are due to the relevant Taxing Authority. Notwithstanding the foregoing, (A) any estimated property taxes with respect to the Assets or the Company with respect to
the portion of the Straddle Period relating to the Pre-Closing Tax Period shall be included in Current Liabilities and reflected in the calculation of Net Working Capital, and Buyer shall cause the Company to pay, and shall be liable and responsible
for the payment of, such property taxes to the relevant Taxing Authority, (B) if the actual amount of such property taxes for the period identified in (A) above is determined to be greater than the amount included in Current Liabilities
and reflected in the calculation of Net Working Capital, Seller shall be liable and responsible for the amount of such deficiency, and (C) if the actual amount of such property taxes is determined to be less than the amount included in Current
Liabilities and reflected in the calculation of Net Working Capital, Buyer shall be liable and responsible for causing the Company to return to Seller the amount of such excess. Buyer shall be liable for, and shall indemnify and hold harmless the
Seller Indemnitees from and against, any Taxes imposed on or incurred by the Company or any of its Affiliates attributable to any taxable period beginning on or after the Closing Date, and the portion, determined as described in
Section 8.4(a), of the Straddle Period beginning on the Closing Date. 
 (d) Each of Buyer, on the
one hand, and Seller, on the other hand (the “Tax Indemnified Person”), shall notify the chief tax officer (or other appropriate person) of Seller or Buyer, as the case may be (the “Tax Indemnifying Person”), in
writing within thirty (30) days of receipt by the Tax Indemnified Person of written notice of any pending or threatened audits, adjustments, claims, examinations, assessments or other proceedings (a “Tax Audit”) which are
likely to affect the liability for Taxes of such other party. If the Tax Indemnified Person fails to give such timely notice to the other party or fails to timely provide any records or information it is required to provide pursuant to
Section 8.4(g), it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit if such failure to give notice or provide records or information adversely affects the other party’s right to
participate in the Tax Audit. 
 If such Tax Audit relates to any taxable period ending on or before the Closing
Date or for any Taxes for which only Seller would be liable to indemnify Buyer under this Agreement, Seller shall have the option, at its expense, to control the defense and settlement of such Tax Audit, and in such event Buyer shall provide Seller
with appropriate tax powers of attorney. If such Tax Audit relates to any taxable period beginning after the Closing Date or for any Taxes for which only Buyer would be liable under this Agreement, Buyer shall, at its expense, control the defense
and settlement of such Tax Audit to the extent that such Tax Audit relates to Taxes for which Buyer or the Company is liable. 

  
 49 

 If such Tax Audit relates to Taxes for which both Seller and Buyer could be
liable under this Agreement, to the extent practicable, such Tax items will be distinguished and each party will have the option to control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable
period beginning on or before and ending after the Closing Date and any Tax item cannot be identified as being a liability of only one party or cannot be separated from a Tax item for which the other party is liable, Seller, at its expense, shall
have the option to control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the
written consent of both Buyer and Seller, not to be unreasonably withheld, except with respect to (i) any of the matters set forth in Section 8.4(d) of the Disclosure Schedules and (ii) matters involving accelerated
depreciation claimed by the Company or Seller for any Pre-Closing Tax Period, with respect to which Seller shall have sole control of the defense and settlement without the need to obtain the consent of Buyer. 

Except with respect to any of the matters set forth in Section 8.4(d) of the Disclosure Schedules and matters
involving accelerated depreciation claimed by the Company or Seller for any Pre-Closing Tax Period, with respect to which Seller shall have sole control of the defense and settlement, any party whose liability for Taxes may be affected by a Tax
Audit shall be entitled to participate at its expense in such defense and to employ counsel of its choice at its expense and shall have the right to consent to any settlement of such Tax Audit (not to be unreasonably withheld) to the extent that
such settlement would have an adverse effect with respect to a period for which that party is liable for Taxes, under this Agreement or otherwise. 
 (e) Buyer shall not and shall not permit its Affiliates, including the Company, to take any action on or after the Closing Date which could increase any Seller’s liability for Taxes (including any
liability of Seller to indemnify Buyer for Taxes under this Agreement) provided, however, that this Section 8.4(e) shall not apply to any such action to which Seller has consented in writing (which consent may be withheld in the sole
discretion of Seller). 
 (f) Buyer agrees to pay to Seller any refund received (whether by payment, credit,
offset or otherwise, and together with any interest thereon) after the Closing by Buyer or its Affiliates or Subsidiaries, including the Company, in respect of any Taxes for which Seller is liable or required to indemnify Buyer. Buyer shall
cooperate with Seller and Seller’s Affiliates, at Seller’s expense, in order to take all necessary steps to claim any such refund. Any such refund received by Buyer or its Affiliates or Subsidiaries or the Company shall be paid to Seller
within thirty (30) days after such refund is received. Buyer agrees to notify Seller within ten (10) days following the discovery of a right to claim any such refund and upon receipt of any such refund. Buyer agrees to claim any such
refund as soon as possible after the discovery of a right to claim a refund and to furnish to Seller, at Seller’s expense, all information, records and assistance reasonably necessary to verify the amount of the refund or overpayment.

 (g) Buyer and Seller shall cooperate fully, as and to the extent reasonably requested by the other party, in
connection with the filing of Tax Returns pursuant to this Section 8.4 and any audit, litigation or other proceeding with respect to Taxes. Such cooperation shall include the retention and (upon the other party’s request) the
provision of records and information that are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material
provided hereunder. Seller agrees, and Buyer agrees to cause the Company (A) to retain all books and records with respect to Tax matters pertaining to the 

  
 50 

 
Company relating to any taxable period beginning before the Closing Date until the expiration of the applicable statute of limitations (and, to the extent notified by Buyer or Seller, any
extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (B) to give the other party reasonable written notice prior to transferring, destroying or
discarding any such books and records and, on receipt of such notice, if the other party so requests, Seller shall, or Buyer shall cause the Company to, allow the other party to take possession of such books and records. Buyer and Seller further
agree, upon request, to use their commercially reasonable efforts to obtain any certificate or other document from any Governmental Authority or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed
(including with respect to the transactions contemplated hereby). Buyer and Seller further agree upon request, to provide the other party with all information that either party may be required to report pursuant to Code Section 6043 and all
Treasury Regulations thereunder. 
 (h) All tax-sharing agreements or similar agreements with respect to or
involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder. 

(i) All transfer, documentary, sales, use, stamp, registration and other such Taxes, and all conveyance fees, recording
charges and other fees and charges (including any penalties and interest) incurred in connection with the consummation of the sale of the Shares shall be paid by Buyer when due, and Buyer will file all necessary Tax Returns and other documents with
respect to all such Taxes, fees and charges, and, if required by Law, Seller will join in the execution of any such Tax Returns and other documentation. 
 (j) Buyer and Seller agree that indemnification payments made under this Agreement, including any payment under this Section 8.4 shall be treated as Purchase Price adjustments for Tax
purposes. In the event of a conflict between the provisions of this Section 8.4 and any other provision of this Agreement, this Section 8.4 shall control. 

Section 8.5 Rail Cars. 
 (a) Seller agrees to transfer or cause its Affiliates to transfer to the Company the number and types of railcars listed in Section 8.5 of the Disclosure Schedules, which represents the
approximate number of such railcars currently used in connection with the normal operation of the Assets and the Business. These railcars are leased by Affiliates of the Company pursuant to various rail car leases and agreements with respect thereto
(“Rail Car Agreements”). 
 (b) Beginning promptly after Closing, Seller’s Transportation
group will coordinate with a Company representative designated by Buyer to schedule railcars from Seller’s or its Affiliates’ fleet into the Refinery as needed in the ordinary course of business, and as such cars come into the Refinery
they will be identified as railcars to be assigned to the Company (“Qualifying Rail Cars”), until such time as all Qualifying Rail Cars have been identified. Only railcars that in serviceable condition when they arrive at the
Refinery will be used as Qualifying Rail Cars. As Qualifying Rail Cars are identified, Seller or its appropriate Affiliate and Buyer shall deliver to the counterparty of each Rail Car Agreement covering such Qualifying Rail Cars a letter:
(i) requesting the release of such Qualifying Rail Cars under the applicable Rail Car Agreement, and (ii) the further lease by such counterparty to the Company of such Qualifying Rail Cars. Once a Qualifying Rail Car becomes fully assigned
to the Company, it will become a “Company Rail Car”. 

  
 51 

 (c) Until such time as the parties complete the paperwork and secure the
necessary counterparty consents to complete the assignment of the Qualifying Rail Cars to the Company, Seller shall, or shall cause its Affiliates to, allow the Company to use the Qualifying Rail Cars on a temporary subleased basis (the
“Loaned Cars”) such that, at any time, the total number and types of Company Rail Cars and Loaned Cars equals the number and types identified as Qualifying Rail Cars. Buyer shall cause the Company to reimburse Seller for all lease
payments and other associated costs, payments or fees (including repair and maintenance costs) arising under the applicable Rail Car Agreements with respect to the use by the Company of the related Loaned Cars. Buyer may elect to discontinue the use
of any Loaned Car by written notice to Seller, in which case, upon return of such Loaned Car to Seller, Buyer shall no longer be responsible for any payments, costs or fees related thereto, and Seller shall not be responsible for providing a
replacement Loaned Car. Buyer acknowledges and agrees that Seller may substitute other equivalent rail cars for Loaned Cars, so long as the substituted rail cars meet the criteria to be Qualifying Rail Cars. The parties hereto agree to (or to cause
their applicable Affiliates to) work together in a commercially reasonable manner to manage the transition of the Loaned Cars hereunder. 
 (d) Notwithstanding anything contained herein to the contrary, Seller’s sole obligations under this Agreement with respect to Third Person Consents necessary for the assignment to the Company of the
Qualifying Rail Cars shall be the delivery by Seller to the counterparties thereto of the letters described in Section 8.5(b) above and Seller’s joinder in the execution of any documentation reasonably and customarily required by
the counterparties to effectuate or otherwise document such assignments. Without limiting the foregoing, Buyer acknowledges that Seller shall not be required to provide any guarantees or other credit enhancement that may be necessary in order for
Buyer to secure its own railcar leases. Buyer shall be obligated to negotiate with the lessors of such Rail Car Agreements or Qualifying Rail Cars in a commercially reasonable manner in an effort to enter into leases covering the Qualifying Rail
Cars as soon as possible following Closing. Buyer and Seller shall cooperatively endeavor to complete the assignment of all Qualifying Rail Cars (including any substitutes therefor made in accordance with the provisions of Section 8.5(b)
as promptly as reasonably possible after Closing, but in all events within twelve (12) months after Closing. Seller shall not be obligated to provide any Loaned Cars more than twelve (12) months following Closing, unless and only to the
extent that Buyer’s failure to complete the assignment of all Qualifying Railcars (and substitutes therefor, as applicable) is the result of Seller’s failure to comply with its obligations under this Section 8.5. 

(e) Buyer shall indemnify, defend and hold harmless the Seller Indemnitees against any and all Claims and Losses arising
from the use or misuse after the Closing by Buyer or its Affiliates (including, after the Closing, the Company) of the Loaned Cars pursuant to this Section 8.5. 

  
 52 

 Section 8.6 Third Person Consents Not Obtained at or Before Closing

 (a) Notwithstanding anything to the contrary in this Agreement, this Agreement shall not constitute an
agreement to assign any Seller Contract or any benefit arising under or resulting from such Seller Contract if an attempted assignment thereof, without a required Third Person Consent or Authorization, would constitute a breach or other
contravention of the rights of such third party, would be ineffective with respect to any party to an agreement concerning such Seller Contract, would violate or otherwise is not permitted by Law or any Environmental Law, or would in any way
adversely affect the rights of Seller or, upon transfer, of the Company under or in respect of such Seller Contract. If any transfer or assignment by Seller to, or any assumption by the Company of, any interest in, or obligation under, any Seller
Contract, requires any Third Person Consent or Authorization, then no such assignment or assumption shall be made without such Third Person Consent or Authorization being obtained. To the extent any Seller Contract may not be assigned to the Company
by reason of the absence of any such Third Person Consent or Authorization, the Company shall not be required to assume any obligations arising under such Seller Contract; provided, however, that upon the receipt of any such Third
Person Consent or Authorization after the Closing, such Seller Contract shall be assigned to the Company and the Company shall assume such Seller Contract. 
 (b) If any such Third Person Consent or Authorization is not obtained prior to the Closing Date, Seller shall, to the extent not prohibited by the terms of any applicable Seller Contract or Law or
Environmental Law, and until the receipt of such Third Person Consent or Authorization, hold the Seller Contract, subject to such Third Person Consent or Authorization, together with any proceeds therefrom, in trust for the Company, and Seller and
the Company shall cooperate (each at its own expense) in any mutually acceptable, lawful and reasonable arrangement under which the Company shall obtain, to the extent practicable, the economic rights and benefits under such Seller Contract with
respect to which the Third Person Consent or Authorization has not been obtained in accordance with this Agreement. Such reasonable arrangement may include the entering into of a subcontract, sublicense, sublease or other similar arrangement between
Seller and the Company. During the period from Closing until such Third Person Consent or Authorization is obtained, Seller will use commercially reasonable efforts to enforce such Seller Contracts for the benefit of the Company, on the condition
that the Company shall bear all costs and expenses (including legal expenses) related to such enforcement. If the Company is able to receive the economic rights and benefits under such Seller Contract, such economic rights and benefits shall
constitute an Asset, and the liabilities and obligations, if any, related to such economic rights and benefits under such Asset shall constitute liabilities and obligations of the Company, as applicable. Seller’s obligations under this
Section 8.6(b) shall expire as of the second anniversary of the Closing Date. 
 (c) This
Section 8.6 shall not apply to any Third Person Consents or Authorizations related to rail cars, which are covered by Section 8.6. 
 Section 8.7 Multi-Site Contracts. The Company is a party to certain contracts to which other Seller Affiliates are also parties, and which pertain to various other refineries and
facilities owned by Seller and its Affiliates in addition to the Refinery (each, a “Multi-Site Contract” and collectively, the “Multi-Site Contracts”). Buyer acknowledges and agrees that Buyer shall not be entitled
to become a party thereto after Closing, and it is Seller’s intention to terminate all Multi-Site Contracts effective as of Closing. Notwithstanding such termination, the 

  
 53 

 
Company shall be obligated to honor any work releases, purchase commitments or other similar commitments made by it under any Multi-Site Contracts prior to Closing, but not yet fully performed or
satisfied as of Closing, so long as such commitments were not made in violation of Seller’s obligations under Section 6.1. To the extent a Multi-Site Contract by its terms is not terminable as to the Company, Buyer covenants and
agrees to (i) negotiate diligently and in good faith with the counterparty(ies) to such Multi-Site Contract in an effort to enter into a new agreement between such counterparty(ies) and the Company as promptly as possible following Closing, and
(ii) until such new agreement becomes effective, honor the terms of the Multi-Site Contract and not make any elective purchases or other elective commitments thereunder. Buyer acknowledges that the terms and conditions of Multi-Site Contracts
that relate to other facilities of Seller and its Affiliates other than the Refinery (including rate sheets and other commercial terms and conditions covering such other facilities) are confidential and proprietary information of Seller and its
Affiliates, and Buyer shall destroy any such information it may inadvertently obtain, and shall not use such information for any purpose. Without limiting any of Buyer’s other indemnification obligations under this Agreement, Buyer shall
indemnify, defend and hold harmless the Seller Indemnitees against any and all Claims and Losses arising out of Buyer’s breach or utilization of any Multi-Site Contract after Closing. This Section 8.7(a) shall not apply to any Third
Person Consents or Authorizations related to rail cars, which are covered by Section 8.5. 
 Section 8.8
Owned and Leased Vehicles. Section 8.8 of the Disclosure Schedules contains a list of all vehicles currently owned by Seller and its Affiliates and used at the Refinery (“Owned Vehicles”) and all vehicles
currently leased by Seller under fleet leases and used at the Refinery (“Leased Vehicles”). Prior to Closing, Seller shall prepare and file the necessary paperwork to transfer title to all Owned Vehicles to Company, with all
transfer taxes, fees and other costs and expenses associated with such title transfers to be borne by Seller. In addition, Seller shall buy the Leased Vehicles out of their current leases and prepare and file the necessary paperwork to transfer
title to such Vehicles to Company, with all costs and expenses associated therewith to be borne by Seller, including all buyout payments and title transfer taxes and fees. 
 Section 8.9 Foreign Trade Zone. Mobil Oil Corporation and the South Jersey Port Corporation (the “Port Authority”) are parties to a Grantee - Subzone Operator Agreement
(the “Operator Agreement”) dated December 12, 1995, under which the Company (without an express assignment of the Operator Agreement from Mobil, but as a successor to Mobil Oil Corporation with respect to the Refinery) has
operated the Refinery as Foreign-Trade Zone Subzone No. 142 (the “FTZ”). The FTZ is operating under a grant of authority from the Foreign-Trade Zones Board of the Department of Commerce (“FTZ Board”), and has
been activated with U.S. Customs and Border Protection (previously the U.S. Customs Service) (“Customs”). Before the Closing, Buyer shall notify Seller whether Buyer intends to continue operating the Refinery as a Foreign-Trade
Zone. In the event Buyer intends to continue operating the Refinery as a Foreign-Trade Zone, Buyer shall promptly after Closing (i) notify the FTZ Board and Customs that a change in control of Company has occurred, (ii) obtain new Customs
foreign-trade zone operator’s and importer’s bonds (and Customs duty drawback bond should Buyer so desire), and (iii) apply to Customs for reactivation of the FTZ under new ownership according to the requirements of 19 C.F.R. Part
146. Except to the extent that Seller or an Affiliate of Seller may be obligated to provide services related to the FTZ under the Transition Services Agreement, from and after Closing, Buyer shall be solely responsible for

  
 54 

 
operating the FTZ and complying with all Laws related thereto, including all reporting and filing obligations, rules and regulations of the FTZ Board and Customs associated therewith. In
connection therewith, and without limitation of the foregoing, Buyer acknowledges that it will need to obtain its own software for managing the FTZ, or will need to engage a consultant or contractor with appropriate software, since the software
currently used to manage the FTZ is licensed to an affiliate of Seller and is used in connection with the operation of other refineries in addition to the Refinery. 
 Section 8.10 Special Covenants Related to the Valero Acquisition Guaranty. Without limiting Buyer’s obligations under Section 6.2(f), until such time as that certain
Guaranty issued by Valero on September 16, 1998 in favor of Mobil Oil Corporation and the Mobil Affiliates (as defined therein), a copy of which is included in Section 8.10 of the Disclosure Schedules (the “Valero
Acquisition Guaranty”) has been terminated or all liabilities and obligations of Valero thereunder have otherwise been released or discharged: 
 (a) Buyer shall not, and shall ensure that no successor owner of the Refinery and no other Person (including any Affiliate of Buyer, but excluding Valero) who has any responsibility for payment and/or
performance of the Obligations: 
 (i) takes or fails to take any action that results or to the actual knowledge
of Buyer or the Company could reasonably be expected to result in a breach or default by the Company, any of its Affiliates or any other successor or assign of the Company or VMSC (as applicable) under the Purchase Agreement or any of the Related
Agreements; 
 (ii) consents or agrees to any reinstatement, renewal, amendment, modification, compromise,
extension, acceleration or other change to any of the Obligations or to any of the Related Agreements or the Purchase Agreement; or 
 (iii) otherwise takes or fails to take any action that results in Valero becoming liable for payment of any amount or performance of any Obligations pursuant to the Guaranty; and 

(b) Buyer shall, and shall ensure that all successor owners of the Refinery and all other Persons (including any
Affiliates of Buyer, but excluding Valero) who have any responsibility for payment and/or performance of the Obligations: 
 (i) Promptly deliver to Seller copies of any notices received by any of them alleging that any breach or default has occurred under any of the Related Agreements or the Purchase Agreement or that any
Person has otherwise failed to pay or perform any of the Obligations; 
 (ii) Promptly notify Seller of any
events, conditions or circumstances which to the actual knowledge of Buyer or the Company could reasonably be expected to trigger any liability on the part of Valero under the Valero Acquisition Guaranty; and 

(iii) Without limiting any remedies otherwise available to Seller and without obligating Seller in any manner, afford
Seller, its Affiliates and their designated contractors and representatives such rights of access to and use of the Refinery (including its docks, pipelines, utility infrastructure and equipment) as may be necessary to permit Seller to inhaul,
process, transport and/or deliver any refined products or other products or materials as may be necessary to meet any contractual commitments under the Related Agreements. 

  
 55 

 As used in this Section 8.10, the terms “Purchase Agreement,” “Related
Agreements” and “Obligations” have the meanings given them in the Valero Acquisition Guaranty; provided, however, that as used herein (i) “Purchase Agreement” shall only refer to those portions of the Purchase Agreement
that are still valid and in full force and effect as of Closing, and (ii) “Related Agreements” shall refer only to those Related Agreements that have not expired or been terminated prior to Closing, as the same have been modified or
amended up to the time of Closing. In furtherance of Buyer’s obligations under Section 8.10(b)(iv), Buyer consents and agrees that Seller shall cause the Company to grant at Closing an access easement in the form and substance
attached hereto as Exhibit K and incorporated herein (the “Access Easement”) for all purposes, which such Access Easement shall grant Seller and its Affiliates and their contractors and representatives access upon, over,
through and across and use of all Refinery properties reasonably deemed necessary by Seller to permit the inhauling, processing, transportation and delivery activities for which Valero or its Affiliates may become liable under the Valero Acquisition
Guaranty. Buyer shall indemnify the Seller Indemnitees in accordance with Section 12.3 for any Losses suffered by the Seller Indemnitees as a result of Buyer’s breach of its obligations under this Section 8.10.

 Section 8.11 Intellectual Property. 

(a) Grants to Intellectual Property Owned by Seller. Seller shall grant and hereby does grant to Company effective
as of the Closing Date, for use by Company solely in the internal operations of the Refinery in a manner substantially similar to the operations prior to Closing, a non-exclusive, irrevocable royalty-free, paid-up license (without a right to
sublicense or transfer except as expressly provided in this Section 8.11) to any Intellectual Property that is owned by Seller or any of its Affiliates, which exists at the Closing Date and which is or has been in use in the operation of
the Refinery as currently operated or as operated immediately prior to the Closing, other than any Intellectual Property that is part of the Excluded Assets (“Seller IP”). Such grant is made without representation, recourse or
warranty, and any warranties which may be implied by Law are hereby disclaimed. The sole purpose of this paragraph is to prevent Seller or any of its Affiliates from hereafter bringing any Claims against Buyer or Company seeking payment of royalties
for the use of, or alleging unauthorized use by Buyer or Company of, any Seller IP, so long as such use is solely in the internal operations of the Refinery in a manner substantially similar to the operations prior to the Closing. Buyer and Company
shall have no obligation to grant back to Seller or its Affiliates or otherwise make available to Seller or any of its Affiliates any improvements or enhancement to any Seller IP that may hereafter be developed by Buyer or Company. 

(b) Subsequent Transfer of Intellectual Property. In the event Buyer transfers or pledges to any Person, ownership
of the Refinery, or any part thereof, the license granted in Section 8.11(a) may be extended to such transferee or lender subject to outstanding obligations to third parties and subject to an assumption in writing by such transferee or
lender of all relevant duties and obligations under the applicable portions of this Agreement. 

  
 56 

 (c) Seller Process Licenses. Seller shall transfer or cause the
transfer of (A) all licenses of Intellectual Property held by Seller or its Affiliates that are used exclusively in connection with the operation of the Refinery process units or other Assets as currently operated or as operated immediately
prior to the Closing, and (B) that portion of any license agreement covering the Refinery or other Assets as well as other facilities or assets owned by Seller or its Affiliates (a “Multi-Site License”) that is attributable to
the operation of the Refinery process units or other Assets as currently operated or as operated immediately prior to the Closing (the interests in the foregoing clauses (A) and (B) being herein collectively referred to as the
“Licensed Technology Rights”), in all cases only to the extent that such Licensed Technology Rights are freely transferable or to the extent that the licensor otherwise agrees to such transfer, it being understood that Seller makes
no representations or warranties as to the assignability or transferability of any Licensed Technology Rights. Buyer shall be solely responsible for seeking the consent of the licensor(s) of any such Licensed Technology Rights and for paying any
costs associated with the transfer of such Licensed Technology Rights or the issuance of replacement licenses; provided, however, that Seller agrees to (i) reasonably cooperate in requesting such transfers and in executing any reasonable
transfer or assignment documents that do not impose any obligations or liabilities on Seller (other than any which are already Retained Liabilities hereunder), and (ii) pay any accrued and unpaid royalties arising out of Seller’s or the
Company’s use of the Licensed Technology Rights at the Refinery prior to Closing. Without limiting the foregoing, Buyer agrees that Seller shall not be obligated to transfer any Licensed Technology Rights to Buyer where such transfer would
require Seller or its Affiliates to surrender any paid-up capacity or other rights attributable to other facilities owned by Seller or its Affiliates (but for the avoidance of doubt, Seller will agree to release any Licensed Technology Rights
allocable to the Refinery or other Assets under a Multi-Site License). Effective as of and related to the period on and after the Closing Date, Buyer or the Company shall be solely responsible for complying with all Obligations (including
non-disclosure, export control and grant-back obligations) under Licensed Technology Rights used by Buyer or the Company after Closing and shall indemnify the Seller Indemnitees in accordance with Section 12.3 against any Losses they may
suffer by reason of Buyer’s failure to do so. The provisions of this Section 8.11(c) do not apply to software applications, which are addressed exclusively in Section 8.11(d). 

(d) Software. 
 (i) Buyer acknowledges and agrees that Seller shall have no obligation to transfer to Buyer any of the software applications listed in Section 8.11(d)(i) of the Disclosure Schedules (the
“Excluded Software”). Without limiting the foregoing, as to any of the Excluded Software which Buyer or the Company desires to continue to use following the Closing Date and has determined is necessary to conduct the Business or
operate the Assets following the Closing (the “Required Software”), promptly following the Execution Date, Buyer shall use diligent efforts to obtain the necessary licenses for such Required Software or cause the licensor of the
Required Software to partially assign or transfer such portion of the license therefor as is attributable to the operation of the Refinery or Assets. Buyer shall be solely responsible for seeking the new licenses or the Third Person Consents to the
partial transfer or assignment of the Required Software and for paying any costs associated with the issuance of new licenses or the partial transfer or assignment of the existing licenses to the Required Software. Seller agrees to reasonably
cooperate in executing any reasonable partial transfer or 

  
 57 

 
assignment documents that do not impose any obligations or liabilities on Seller or otherwise prevent, hinder or increase the costs of Seller’s and its Affiliate’s continued usage of
the Excluded Software. In the event that Buyer has not obtained a new license or a Third Person Consent to the partial transfer or assignment of the Required Software prior to the Closing Date, Seller shall, until the earlier of (i) the receipt
of such new license or Third Person Consent to the partial transfer or assignment of the Required Software, or (ii) three months following the Closing Date, provide the Company the beneficial use of the Required Software. All of the terms and
conditions for the Company’s right to beneficially use of the Excluded Software, including reimbursement of Seller’s costs in providing such Excluded Software to the Company shall be set forth in the Transition Services Agreement.

 (ii) Upon Buyer’s request, Seller shall use reasonable efforts to transfer (or cause its applicable
Affiliate to transfer) the software listed in Section 8.11(d)(ii) of the Disclosure Schedules, to the extent used in connection with the operation of the Refinery or other Assets as currently operated or as operated immediately prior to
the Closing, provided that (A) transfer of such software would not prevent continued usage of the software by Seller or its Affiliates, and (B) the licensor of such software permits a transfer to the Buyer or Company (the
“Transferred Software”). If any of such Transferred Software is covered by a Multi-Site License, and if the licensor consents, Seller shall partially assign or transfer such portion of the license therefor as is attributable to the
operation of the Refinery or other Assets as currently operated or as operated immediately prior to the Closing. Buyer shall be liable to pay all the costs (including legal expenses) associated with such transfers (including all third party costs,
costs incurred by the Seller and Buyer’s own costs). In addition, effective as of and related to the period on and after the Closing Date, Buyer or Company shall be solely responsible for complying with all liabilities and obligations under the
licenses for all such Transferred Software to the extent assigned or transferred to Buyer or Company pursuant to this Section 8.11(d)(ii) and shall indemnify the Seller Indemnitees in accordance with Section 12.3 against any
Losses they may suffer by reason of Buyer’s failure to do so. Seller makes no representations or warranties as to whether or not the licensors of such Transferred Software will consent to its transfer to Buyer or the Company, and Seller shall
have no liability on account of any licensor’s failure to consent to such transfer (including any liability to procure replacement software for Buyer or the Company). Without limiting the foregoing, as to any Transferred Software which Seller
has not been able to transfer or assign the license therefor prior to the Closing Date, Seller shall, until the expiration of the time period set forth in the Transition Services Agreement, provide the Company the beneficial use of the Transferred
Software. All of the terms and conditions for the Company’s right to beneficially use the Transferred Software, including reimbursement of Seller’s costs in providing such Transferred Software to the Company shall be set forth in the
Transition Services Agreement. 
 (iii) Seller makes no representations or warranties regarding any software that
is resident on desktop computers included in the Assets and is not listed in Section 8.11(d)(i) or 8.11(d)(ii) of the Disclosure Schedules. Without limiting the generality of the foregoing, Seller does not represent or warrant
that (A) such software is properly licensed to Seller or any of its Affiliates or to any other Person, (B) Buyer, upon purchasing the Shares, shall be lawfully entitled to use such software, or (C) any licenses covering such software
can be transferred to Buyer, the Company or to any other Person. However, to the extent that such software is not listed in the table set forth in Section 8.11(d)(i) of the Disclosure Schedules

  
 58 

 
(identifying applications that will not be transferred to Buyer or the Company), Seller hereby assigns and transfers to Buyer or the Company (as of Closing or as of such later date as Buyer, at
its sole cost and expense, obtains any required third party consents to such transfer) any interest Seller may have therein, without representation, recourse or warranty of any kind (and expressly disclaiming any warranties implied by Law), on the
condition that (x) neither Seller nor any of its Affiliates shall be required to incur any liability to any third parties as a condition to their granting consent to any such assignments, and (y) Buyer shall indemnify the Seller
Indemnitees in accordance with Section 12.3 against any Losses they may suffer as a result of Buyer’s use of such software. 
 (e) Survival. Seller’s obligations under this Section 8.11 shall expire on the second anniversary of the Closing Date. 

Section 8.12 Unaudited Financial Statements and Further Assurances. 

(a) To the extent not included in the books and records of the Company, Seller shall provide to Buyer such unaudited
financial statements and other such financial information pertaining directly to the Company and the Business covering the period commencing with the fiscal year in which the Closing occurs until the Closing Date, as may be required to be used by
Buyer under the Securities and Exchange Act of 1934, as amended, and in connection with any public offering of securities or instruments by Buyer or any of its Affiliates, and which may be reasonably required for an audit of such period by Buyer,
provided however, except for the express representations and warranties contained in this Agreement and the Other Agreements the Seller Indemnitees do not make and expressly disclaim any representation or warranty, express, implied or
statutory, as to the accuracy or completeness of the information provided under this Section 8.12(a), and none of them shall have any liability whatsoever based, in whole or in part, on any information provided under this
Section 8.12(a), or for any errors therein or omissions therefrom. The above notwithstanding, in no event shall any Third Party, including without limitation any investor, underwriter, lender, shareholder or bond holder of Buyer or any
of its Affiliates be entitled to rely on any of the information provided under this Section 8.12(a) (except for its use to prepare audited financial statements in the ordinary course consistent with past practice), and none of the Seller
Indemnitees shall have any liability whatsoever to any such Third Party based, in whole or in part, on any information provided under this Section 8.12(a), or for any errors therein or omissions therefrom. Seller consents, and will
reasonably cooperate with Buyer in obtaining any further documentation of such consent, to Buyer using the past auditors of the Company to audit such period and provide any attestation or similar cooperation necessary as a result of Seller’s
ownership of the Company prior to the Closing. 
 (b) Without limiting Section 6.2, Seller and Buyer
each agree that from time to time after the Closing Date they will execute and deliver and will cause their respective Affiliates to execute and deliver such further instruments, and take, and cause their respective Affiliates to take, such other
actions as may be reasonably necessary to carry out the purposes and intents of this Agreement and the Other Agreements. 

  
 59 

 ARTICLE IX 

CLOSING CONDITIONS 
 Section 9.1 Conditions to Obligations of Each Party Under this Agreement. The respective obligations of Buyer and Seller to consummate the transactions contemplated hereby shall be
subject to the satisfaction at or prior to the Closing of the following conditions, any or all of which may be waived by the parties hereto, in whole or in part, to the extent permitted by Law: 

(a) Any waiting or review period applicable to the transactions contemplated by this Agreement under applicable antitrust,
trade regulation or foreign investment Law and regulations, including but not limited to the HSR Act, shall have expired or been terminated. 
 (b) No temporary restraining order, preliminary or permanent injunction or other judgment or order issued by any court of competent jurisdiction or other statute, rule or legal restraint of a Governmental
Authority shall be in effect preventing the consummation of the transactions contemplated hereby. 
 (c) The
Other Agreements, including the Loan and the Note, shall be duly executed and delivered simultaneously with the Closing (except for any Other Agreements already executed and delivered prior to Closing). 

(d) Contemporaneously herewith Seller and Buyer shall have consummated the transactions contemplated under the Pipeline
Purchase Agreement. 
 (e) Each of the Parties shall have obtained the consent or approval with respect to this
Agreement and the transactions contemplated hereby by their respective Board of Directors and in the case of Seller the Valero Board of Directors. 
 (f) The conditions in Schedule B of the Environmental Agreement have been satisfied or otherwise waived. 
 Section 9.2 Additional Conditions to Seller’s Obligations. The obligations of Seller to effect the transactions contemplated hereby shall be subject to the satisfaction at or prior
to the Closing of the following conditions, any or all of which may be waived by Seller, in whole or in part, to the extent permitted by Law: 
 (a) Each of the representations and warranties of Buyer set forth in this Agreement shall be true and correct (it being understood that, for purposes of determining the accuracy of such representations
and warranties, all materiality qualifications contained in such representations and warranties shall be disregarded) as of the Execution Date and as of the Closing Date as though made on and as of the Closing Date (except that, in each case,
representations and warranties that speak as of a specified date shall have been true and correct only on such date) except for failures that would not be reasonably expected to materially and adversely affect the ability of Buyer to perform its
obligations under this Agreement and Seller shall have received a certificate of an executive officer of Buyer, dated the Closing Date, to such effect. 

  
 60 

 (b) Buyer shall have performed or complied in all material respects with all
agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date, and Seller shall have received a certificate of an executive officer of Buyer, dated the Closing Date, to such effect.

 (c) All Third Person Consents and all Authorizations specified in Section 3.3(a) and
Section 3.3(b) of the Disclosure Schedules, the lack of which would reasonably be expected to have a Material Adverse Effect, shall have been obtained. 
 Section 9.3 Additional Conditions to Buyer’s Obligations. The obligations of Buyer to effect the transactions contemplated hereby shall be subject to the satisfaction at or prior
to the Closing of the following conditions, any or all of which may be waived by Buyer, in whole or in part, to the extent permitted by Law: 
 (a) Each of the representations and warranties of Seller set forth in this Agreement shall be true and correct (it being understood that, for purposes of determining the accuracy of such representations
and warranties, all “Material Adverse Effect” qualifications and other materiality qualifications contained in such representations and warranties shall be disregarded) as of the Execution Date and as of the Closing Date as though made on
and as of the Closing Date (except that, in each case, representations and warranties that speak as of a specified date shall have been true and correct only on such date) except for failures that would not be reasonably likely to have, individually
or in the aggregate, a Material Adverse Effect or materially or adversely affect the ability of Seller to perform its obligations under this Agreement, and Buyer shall have received a certificate of an executive officer of Seller, dated the Closing
Date, to such effect. 
 (b) Seller shall have performed or complied in all material respects with all agreements
and covenants required by this Agreement to be performed or complied with by it on or prior to Closing Date, and Buyer shall have received a certificate of an executive officer of Seller, dated the Closing Date, to such effect. 

(c) All Third Person Consents and all Authorizations specified in Section 3.3(a) and
Section 3.3(b) of the Disclosure Schedules, the lack of which would reasonably be expected to have a Material Adverse Effect, shall have been obtained. 

(d) No Material Adverse Effect shall have occurred since the Execution Date and be continuing. 

(e) [REDACTED] 
 ARTICLE X 
 CASUALTY OR CONDEMNATION 

Section 10.1 Notice. In the event that, prior to the Closing Date, all or any material portion of the Refinery or
Business is damaged or destroyed by fire or other casualty for which the associated repair or replacement costs could reasonably be expected to exceed two million five hundred thousand Dollars ($2,500,000) (a “Casualty”) or
taken by condemnation or eminent domain or by agreement in lieu thereof with any Person or Governmental Authority authorized to exercise such rights (a “Taking”), Seller shall promptly notify Buyer thereof. 

  
 61 

 Section 10.2 Repair or Replacement 

(a) In the event of a Casualty or Taking between the Execution Date and the Closing Date affecting the Refinery, Seller
shall elect, at its option, to either (i) repair or replace or make adequate provision for the repair or replacement of the affected Asset at Seller’s cost prior to the Closing, in which case Buyer’s obligation to effect the Closing
shall not be affected, but the Closing Date shall be deferred until three (3) Business Days after repairs or replacement have been completed and the affected Asset has been restored to performance substantially comparable in all material
respects to that prior to the Casualty or Taking, and/or (ii) negotiate with Buyer to reduce the Purchase Price by an amount agreed to by Seller and Buyer to reflect the cost to repair or replace the affected Assets (the “Repair
Costs”), in which case, in the event of a Repair Cost Dispute, the Closing Date and the Termination Date shall be deferred as provided in Section 10.5. Notwithstanding the foregoing, Seller’s election in clause
(i) of this Section 10.2(a) shall be unavailable and clause (ii) of this Section 10.2(a) shall apply if the required repairs or replacements could reasonably be expected to result in an extension of
the Closing Date for more than forty-five (45) days. 
 (b) If Seller and Buyer agree on the Repair Costs
within fifteen (15) days of Buyer’s receipt of Seller’s notice of the Casualty or Taking (the “Repair Negotiation Period”), Buyer’s obligation to effect the Closing shall not be affected, but the Purchase Price
shall be reduced by the Repair Costs so agreed. 
 (c) If Seller and Buyer do not agree on the Repair Costs
within the Repair Negotiation Period (a “Repair Cost Dispute”), either party may request an engineering company that shall be mutually agreed to by Buyer and Seller to evaluate the affected Assets and deliver to Buyer and Seller its
written estimate of the Repair Costs (the “Third-Party Estimate”) within fifteen (15) days after the end of the Repair Negotiation Period. 
 (i) If the Third-Party Estimate is less than twenty five million Dollars ($25,000,000), Buyer’s obligation to effect the Closing shall not be affected and the parties shall submit the Repair Cost
Dispute to binding arbitration under the Dispute Resolution Procedures for resolution after the Closing, with a post-Closing adjustment to the Purchase Price equal to the finally-determined Repair Costs. 

(ii) If the Third-Party Estimate is equal to or greater than twenty five million Dollars ($25,000,000), Buyer may elect,
by giving Seller written notice of election within fifteen (15) days of receipt of the Third-Party Estimate, to terminate this Agreement (other than Section 6.4, Section 11.2, Section 12.6(c),
Section 12.7, Section 12.8, Section 12.9, Section 12.10, Section 13.3 and Section 13.4, which shall continue in effect) without further obligation to Seller. 

  
 62 

 Section 10.3 Condemnation Awards. In the event of any reduction in the
Purchase Price in connection with a Taking at the Refinery, as provided in Section 10.2(a), Buyer shall be entitled to collect from any condemnor the entire award(s) that may be made in any such proceeding, without deduction, to be paid
out as follows: subject to actual receipt of such award(s) by Buyer, (a) Buyer shall pay to Seller all such amounts, up to the amount of such Purchase Price reduction, and (b) Buyer shall be entitled to retain the balance (if any) of
such award(s). 
 Section 10.4 Purchase Price Adjustment. Any adjustment of the Purchase Price pursuant to
Section 10.2(c) which is necessary to reflect a final determination of Repair Costs after the Closing shall be made as follows: (a) an adjustment in favor of Buyer shall be paid in cash by Seller; and (b) an adjustment in favor
of Seller shall be paid in cash to the extent the Purchase Price had been reduced pursuant to this Article IX. Any such reduction, refund or payment shall be made within ten (10) Business Days after such final determination. 

Section 10.5 Deferral of Closing Date and Termination Date. In the event of a Repair Cost Dispute, the Closing Date
and the Termination Date shall be deferred until (a) three (3) Business Days after receipt of the Third-Party Estimate, or (b) if Seller elects the option in Section 10.2(a)(i), as provided therein. 

ARTICLE XI 
 TERMINATION 
 Section 11.1 Termination. This Agreement
may be terminated at any time prior to the Closing: 
 (a) by mutual written consent of Seller and Buyer;

 (b) by Seller upon notice to Buyer, if any of the conditions in Section 9.1 or
Section 9.2 (other than Section 9.2(d)) shall not have been fulfilled by the Closing Date or shall have become incapable of fulfillment on or prior to the Termination Date (other than through the failure of Seller to comply
with its obligations under this Agreement); 
 (c) by Buyer upon notice to Seller, if any of the conditions in
Section 9.1 or Section 9.3 shall not have been fulfilled by the Closing Date or shall have become incapable of fulfillment on or prior to the Termination Date (other than through the failure of Buyer to comply with its
obligations under this Agreement); 
 (d) by Seller or Buyer upon notice to the other party, if the condition in
Section 9.1(e) shall not have been fulfilled within 14 days from the Execution Date. 
 (e) by Seller or
Buyer upon notice to the other party, if the Closing contemplated hereby shall not have occurred (other than through the failure of any party seeking to terminate the Agreement to comply with its obligations under this Agreement) on or before
December1, 2010 (the “Termination Date”). 

  
 63 

 (f) by Seller or Buyer if the other party fails to consummate the sale and
purchase of the issued and outstanding shares of Valero Natural Gas Pipeline Company under the terms of the Pipeline Purchase Agreement. 
 Section 11.2 Effect of Termination. Except for this Section 11.2, Section 6.4, Section 12.6(c), Section 12.7, Section 12.8,
Section 12.9, Section 12.10, Section 13.3 and Section 13.4 which shall continue in effect, this Agreement shall, upon termination hereof pursuant to Section 11.1, forthwith become of no
further force or effect and (a) except as provided in this Section 11.2, there shall be no liability on the part of Seller, Seller’s Guarantor, the Company or Buyer, Buyer’s Guarantor or any of their respective Affiliates,
or any of their respective officers or directors, to any other party and (b) all rights and obligations of any party hereto shall cease; provided, however, that any such termination shall not relieve Seller, the Company or Buyer from liability
for any willful and material breach of this Agreement occurring prior to such termination. The termination of this Agreement shall have no effect on the provisions of the Confidentiality Agreement. 

ARTICLE XII 

INDEMNIFICATION AND REMEDIES 
 Section 12.1 Survival. Subject to the limitations and other provisions of this Agreement, (a) the representations and warranties of the parties hereto contained in this Agreement
shall survive the Closing and shall remain in full force and effect for a period of twenty four (24) months after the Closing Date (except with respect to Claims related to the representations or warranties contained in Section 3.1,
Section 3.2, Section 4.1, Section 4.12, Section 5.1 and Section 5.2, which shall survive for a period of five years following the Closing Date), and until the resolution of the
indemnification Claims received by the Indemnifying Party in accordance with the provisions hereof prior to the expiration of such twenty-four (24) month period (or as to Claims related to the representations and warranties contained in
Section 3.1, Section 3.2, Section 4.1, Section 4.12, Section 5.1 and Section 5.2 the expiration of such five (5) year period), (b) any Claim for a breach of covenants
set forth in Section 6.1(d)-(l) and (n), shall survive the Closing and shall remain in full force and effect for a period of twelve (12) months after the Closing Date (c) each covenant and agreement of the parties hereto
contained in this Agreement which by its terms requires performance after the Closing Date shall survive the Closing and shall remain in full force and effect until such covenant or agreement is fully performed, and (d) the provisions of
Section 3.5, Section 6.5, Section 6.6, Section 6.9 and Section 8.10 shall survive the Closing without limit as to time. 

Section 12.2 Indemnification Provisions for Benefit of Buyer. 

(a) If the Closing occurs, Seller shall indemnify, defend, save and hold harmless the Buyer Indemnitees from and against
any Losses actually suffered or incurred by them arising out of or related to: 
 (i) the breach of any
representation or warranty of Seller contained in this Agreement when made or at and as of the Closing Date (or at and as of such different date or period specified for such representation or warranty) as though such representation and warranty were
made at and as of the Closing Date (or such different date or period); 

  
 64 

 (ii) the breach of any covenants or agreements of Seller contained in this
Agreement (other than with respect to the matters covered by subsection (iii), (iv) and (v) below); 
 (iii) the Retained Liabilities; 
 (iv) any liabilities, obligations
and covenants of Seller with respect to Taxes as provided in Section 8.4 
 (v) those matters for which
Seller has specifically covenanted to provide indemnification in Exhibit J and Section 8.4. 
 No claim may be asserted nor
may any action be commenced against Seller pursuant to this Section 12.2(a) unless written notice of such claim or action is received by Seller describing in reasonable detail the facts and circumstances with respect to the subject
matter of such claim or action, and with respect to claims or actions based on the breach of representation or warranty, on or prior to the date such representation or warranty ceases to survive as set forth in Section 12.1;
provided, however, that no claim may be asserted nor may any action be commenced by Buyer against Seller arising out of or related to a breach of any representation or warranty of which Buyer had Knowledge on or prior to the Closing
Date and for which Buyer failed to deliver a Breach Notice in accordance with Section 6.3. If a Buyer Indemnitee has recovered any Losses pursuant to one subsection of this Section 12.2(a), such Buyer Indemnitee shall not be
entitled to recover the same Losses under another subsection of this Section 12.2(a). 
 (b) No claim
may be made against Seller for indemnification pursuant to clauses (i) or (ii) of Section 12.2(a): (i) with respect to any individual action, occurrence or event subject to the indemnifications thereunder (or group of
related actions, occurrences or events) unless the aggregate Loss of the Buyer Indemnitees with respect thereto exceeds $50,000 (nor shall any Loss below such threshold be applied to or considered for purposes of calculating the aggregate amount of
the Buyer Indemnitees’ Losses) and (ii) unless the aggregate amount of all Losses of the Buyer Indemnitees with respect to clauses (i) and (ii) of Section 12.2(a) and under the Environmental Agreement shall exceed the
Indemnification Deductible (after which Seller shall be obligated only to indemnify the Buyer Indemnitees from and against aggregate Losses in excess of the Indemnification Deductible). The maximum aggregate amount that Seller shall be required to
pay pursuant to clauses (i) and (ii) of Section 12.2(a) in respect of all Losses by all Buyer Indemnitees shall equal $75,000,000, after which point Seller will have no obligation to indemnify the Buyer Indemnitees from and
against further such Losses; provided, however, such limit shall be reduced to the extent of Losses paid by Seller pursuant to Section 6.1.1(a) of the Environmental Agreement. In addition, Seller shall have as an affirmative defense to
any claim for indemnity under Section 12.2(a)(i) arising out of or related to a breach of any representation or warranty of Seller under Article III or Article IV that Buyer had Knowledge of such breach on or prior to the
Closing Date and failed to provide a Breach Notice in accordance with Section 6.3. For the avoidance of doubt, any Losses to be paid by Seller pursuant to Section 12.2(a)(iii), (iv) and (v) are not subject to this
Section 12.2(b). 
 (c) Except for the rights of indemnification provided in Section 12.2(a),
Buyer hereby waives and releases any Claim or cause of action by Law or otherwise against Seller or its Affiliates regarding obligations and liabilities of any nature whatsoever that are attributable to the Business, the Shares, or the Company.

  
 65 

 Section 12.3 Provisions for Benefit of Seller. 

(a) If the Closing occurs, Buyer agrees to indemnify, defend, save and hold harmless the Seller Indemnitees from and
against any Losses actually suffered or incurred by them arising out of or related to: 
 (i) the breach of any
representation or warranty of Buyer contained in this Agreement when made or at and as of the Closing Date (or at and as of such different date or period specified for such representation or warranty) as though such representation and warranty were
made at and as of the Closing Date (or such different date or period); 
 (ii) the breach of any covenants or
agreements of Buyer contained in this Agreement (other than with respect to those covenants specifically covered by clauses (v) through (vii) below, respectively); 

(iii) the ownership of the Shares and the Company after the Closing Date and the ownership and operation of the Assets and
the Business after the Closing Date (in each case excluding the Excluded Assets and the Retained Liabilities); 

(iv) any liabilities, obligations and covenants of Buyer with respect to employees and employee benefits as provided in
Exhibit J; 
 (v) any liabilities, obligations and covenants of Buyer with respect to Taxes as provided in
Section 8.4; 
 (vi) the Non-Retained Liabilities; and 

(vii) those matters for which Buyer has specifically covenanted to provide indemnification in Section 6.2(f),
Section 6.11, Section 8.5, Section 8.7, Section 8.10, and Section 8.11 and Exhibit J. 
 No claim may be asserted nor may any action be commenced against Buyer pursuant to this Section 12.3 unless written notice of such claim or action is received by Buyer describing in reasonable
detail the facts and circumstances with respect to the subject matter of such claim or action, and with respect to claims or actions based on the breach of representation or warranty, on or prior to the date such representation or warranty ceases to
survive as set forth in Section 12.1 provided, however that no claim may be asserted nor may any action be commenced by Sellers against Buyers arising out of or related to a breach of any representation or warranty of which Sellers had
Knowledge on or prior to the Closing Date and for which Sellers failed to deliver a Breach Notice in accordance with Section 5.3. If a Seller Indemnitee has recovered any Losses pursuant to one subsection of this
Section 12.3(a), such Seller Indemnitee shall not be entitled to recover the same Losses under another subsection of this Section 12.3(a). Seller and Buyer acknowledge and agree that, with respect to any failure by Buyer to
comply with its obligations with respect to Post-Closing Employees as set forth in Exhibit J, and with respect to the covenants related to the Valero Acquisition Guaranty as set forth in Section 8.10, Seller shall be entitled to
specific performance of such obligations by Buyer and immediate injunctive relief, without the necessity of proving the inadequacy of money damages as a remedy. 

  
 66 

 (b) No claim may be made against Buyer for indemnification pursuant to
clauses (i) or (ii) of Section 12.3(a): (i) with respect to any individual action, occurrence or event subject to the indemnifications thereunder (or group of related actions, occurrences or events) unless the aggregate
Loss of the Seller Indemnitees with respect thereto exceeds $50,000 (nor shall any Loss below such threshold be applied to or considered for purposes of calculating the aggregate amount of the Seller Indemnitees’ Losses) and (ii) unless
the aggregate amount of all Losses of the Seller Indemnitees with respect to clauses (i) and (ii) of Section 12.3(a) and under the Environmental Agreement shall exceed the Indemnification Deductible (after which Buyer shall be
obligated only to indemnify the Seller Indemnitees from and against aggregate Losses in excess of the Indemnification Deductible). The maximum aggregate amount that Buyer shall be required to pay pursuant to clauses (i) and (ii) of
Section 12.3(a) in respect of all Losses by all Seller Indemnitees shall equal $75,000,000, after which point Buyer will have no obligation to indemnify Seller Indemnitees from and against further such Losses; provided, however, such
limit shall be reduced to the extent of Losses paid by Buyer pursuant to Section 6.2.1(a) of the Environmental Agreement. For the avoidance of doubt, any Losses to be paid by Buyer pursuant to Section 12.3(a)(iii),
Section 12.3(a)(iv), Section 12.3(a)(v), and Section 12.3(a)(vi) are not subject to the limitations of this Section 12.3(b). 

(c) Except for the rights of indemnification provided in Section 12.3(a), Seller hereby waives and releases
any Claim or cause of action by Law or otherwise against Buyer or its Affiliates regarding obligations and liabilities of any nature whatsoever that are attributable to the Shares or the Company. 

Section 12.4 Indemnification Procedures; Matters Involving Third Parties. 

(a) A Seller Indemnitee or Buyer Indemnitee, as the case may be (for purposes of this Section 12.4, an
“Indemnified Party”), shall give the indemnifying party under Section 12.2 and Section 12.3, as applicable (for purposes of this Section 12.4, an “Indemnifying Party”), prompt
written notice of any matter which it has determined has given or could give rise to a right of indemnification under this Agreement stating the amount of the Loss, if known, and method of computation thereof, containing a reference to the
provisions of this Agreement in respect of which such right of indemnification is claimed or arises; provided, however, that the failure to provide such notice shall not release the Indemnifying Party from its obligations under this
Article XII except to the extent, and only to the extent, the Indemnifying Party is prejudiced by such failure or to the extent the survival period, if applicable, expires pursuant to Section 12.1 prior to the giving of such
notice. 
 (b) If any third party shall notify an Indemnified Party with respect to any matter (a
“Third-Party Claim”) that may give rise to a claim for indemnification against the Indemnifying Party under this Article XII, then the Indemnified Party shall promptly (and in any event within five (5) Business Days
after receiving notice of the Third-Party Claim) notify the Indemnifying Party thereof in writing; provided, however, that the failure to provide such notice shall not release the Indemnifying Party from its obligations under this
Article XII except to the extent, and only to the extent, the Indemnifying Party is prejudiced by such failure. 

  
 67 

 (c) The Indemnifying Party will have the right to assume and thereafter
conduct the defense of the Third-Party Claim with counsel of its choice reasonably satisfactory to the Indemnified Party; provided, that the Indemnifying Party will not consent to the entry of any judgment or enter into any settlement with
respect to the Third-Party Claim without the prior written consent of the Indemnified Party (not to be unreasonably withheld) unless the judgment or proposed settlement involves only the payment of money damages and does not impose an injunction or
other equitable relief upon the Indemnified Party or would reasonably be expected to have a material adverse effect on the Indemnified Party. 
 (d) Unless and until the Indemnifying Party assumes the defense of the Third Party Claim as provided in Section 12.4(c), the Indemnified Party may defend against the Third-Party Claim in any
manner it may reasonably deem appropriate. 
 (e) In no event will the Indemnified Party consent to the entry of
any judgment or enter into any settlement with respect to the Third-Party Claim without the prior written consent of the Indemnifying Party (not to be unreasonably withheld). 
 Section 12.5 Determination of Losses. The Losses giving rise to any indemnification obligation hereunder shall be reduced by any insurance proceeds actually received by the Indemnified
Party as a result of the events giving rise to the claim for indemnification, net of any expenses related to the receipt of such proceeds, including retrospective premium adjustments, if any. The amount of the indemnity payment shall be computed by
taking into account the timing of the loss or payment, as applicable, at the Applicable Rate from the date the Indemnified Party provides notice of the Loss to the Indemnifying Party until the date paid. Upon the request of the Indemnifying Party,
the Indemnified Party shall provide the Indemnifying Party with information sufficient to allow the Indemnifying Party to calculate the amount of the indemnity payment in accordance with this Section 12.5. An Indemnified Party shall take
all reasonable steps to mitigate damages in respect of any claim for which it is seeking indemnification and shall use reasonable efforts to avoid any costs or expenses associated with such claim and, if such costs and expenses cannot be avoided, to
minimize the amount thereof; provided, that an Indemnified Party shall have no obligation to make a claim for recovery against any insurer of such Indemnified Party with respect to any such Losses. 

Section 12.6 Limitations on Liability. 

(a) BUYER ACKNOWLEDGES AND AGREES THAT, EXCEPT FOR FRAUD AND WILLFUL BREACH, THE REMEDIES SET FORTH IN ARTICLE
VIII, ARTICLE XI AND THIS ARTICLE XII, INCLUDING THE LIABILITY LIMITS AND SURVIVAL PERIODS SET FORTH ABOVE AND THE DISCLAIMERS SET FORTH IN SECTION 6.5 AND SECTION 6.6, ARE INTENDED TO BE, AND SHALL BE, THE EXCLUSIVE
REMEDIES OF THE BUYER INDEMNITEES WITH RESPECT TO ANY ASPECT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.  
 (b) SELLER ACKNOWLEDGES AND AGREES THAT, EXCEPT FOR FRAUD AND WILLFUL BREACH, THE REMEDIES SET FORTH IN ARTICLE VIII, ARTICLE XI AND THIS ARTICLE XII, INCLUDING THE LIABILITY
LIMITS AND SURVIVAL PERIODS SET FORTH ABOVE, ARE INTENDED TO BE, AND SHALL BE, THE EXCLUSIVE REMEDIES OF THE SELLER INDEMNITEES WITH RESPECT TO ANY ASPECT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 

  
 68 

 (c) NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT,
NO PARTY HERETO SHALL BE ENTITLED TO RECOVER FROM ANY OTHER PARTY HERETO OR ANY OF SUCH PARTY’S AFFILIATES ANY AMOUNT IN RESPECT OF EXEMPLARY, PUNITIVE, SPECIAL, INDIRECT, CONSEQUENTIAL, REMOTE OR SPECULATIVE DAMAGES, INCLUDING LOST PROFITS;
EXCEPT, HOWEVER, WITH RESPECT TO ANY OF THE FOREGOING PAID OR OWING TO A THIRD PARTY WITH RESPECT TO A THIRD PARTY CLAIM, WHICH DAMAGES SHALL BE CONSIDERED PART OF LOSSES AND SHALL BE COVERED BY THE INDEMNIFICATIONS SET FORTH IN THIS
ARTICLE XII. 
 (d) EXCEPT IN THE CASE OF FRAUD AND WILLFUL BREACH , ALL RELEASES, DISCLAIMERS,
LIMITATIONS ON LIABILITY AND INDEMNITIES IN THIS AGREEMENT, INCLUDING THOSE IN THIS ARTICLE XII, SHALL APPLY EVEN IN THE EVENT OF THE SOLE, JOINT AND/OR CONCURRENT, ACTIVE OR PASSIVE NEGLIGENCE, STRICT LIABILITY OR FAULT OF THE PARTY WHOSE
LIABILITY IS RELEASED, DISCLAIMED, LIMITED OR INDEMNIFIED. 
 Section 12.7 Governing Law. This Agreement
shall be construed (both as to validity and performance), interpreted and enforced in accordance with, and governed by, the Laws of the State of New York, without regard to conflicts of laws rules as applied in New York. 

Section 12.8 Jurisdiction; Consent to Service of Process; Waiver. Each of the parties hereto agrees, subject to
Section 12.9, that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any Federal or state court in the State of
New York and solely in connection with claims arising under such agreement or instrument or the transactions contained in or contemplated by such agreement or instrument, (i) irrevocably submits to the exclusive jurisdiction of such courts,
(ii) waives any objection to laying venue in any such action or proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of
process upon it may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 13.2. The foregoing consents to
jurisdiction and service of process shall not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person other than the parties hereto.
Each of the parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 

Section 12.9 Dispute Resolution. All controversies or disputes arising out of and related to this Agreement shall be
resolved in accordance with the Dispute Resolution Procedures set forth in Exhibit D. 

  
 69 

 Section 12.10 Availability of Equitable Relief. Each of the parties
hereto recognizes that irreparable injury will result from a breach of any provision of this Agreement and that money damages will be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected
pursuant to the Dispute Resolution Procedures shall have the power to grant temporary or permanent injunctive or other equitable relief. Notwithstanding Section 12.9, prior to the appointment of the arbitrators, a party hereto may,
subject to Section 12.8, seek temporary injunctive relief from any court of competent jurisdiction; provided that the party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence
arbitration in compliance with the Dispute Resolution Procedures. Such court ordered relief shall not continue more than ten (10) days after the appointment of the arbitrators (or in any event for longer than sixty (60) days). 

ARTICLE XIII 
 MISCELLANEOUS 
 Section 13.1 Amendment. This Agreement
may not be amended except by an instrument in writing executed and delivered by the parties hereto. 
 Section 13.2
Notices. All notices and other communications that are required to be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by registered or
certified mail (postage prepaid, return receipt requested) to the relevant party hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Seller, to: 
 Valero Refining and Marketing Company 

c/o Valero Energy Corporation 
 One Valero Way 
 San Antonio, Texas 78249 

Attn: Executive Vice President and General Counsel 
 Telephone: (210) 345-2246 
 Facsimile: (210) 345-2622 

If to Buyer, to: 
 PBF Holding Company LLC 
 One Sound Shore Drive, Suite 303 

Greenwich, CT 06830 
 Attention: General Counsel 
 Telephone: (203) 629-1577 

Facsimile: (203) 629-1606 

or to such other address or facsimile number as any party may, from time to time, designate in a written notice given in accordance with this
Section 13.2. Any such notice or communication shall be effective (a) if delivered in person, or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon actual receipt if received
during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours or (c) if mailed, upon the earlier of five
(5) days after deposit in the mail and the date of delivery as shown by the return receipt therefor. 

  
 70 

 Section 13.3 Public Announcements. No party shall issue or make any press
releases or similar public announcements concerning the transactions contemplated hereby or by the Other Agreements without the written consent of Buyer and Seller, except as may be required by Law or by any stock exchange having jurisdiction over
the party. 
 Section 13.4 Expenses. Except as otherwise expressly provided herein, all costs and expenses
incurred by Seller or its Affiliates in connection with this Agreement and the transactions contemplated hereby shall be paid by Seller, and all costs and expenses incurred by Buyer or its Affiliates in connection with this Agreement and the
transactions contemplated hereby shall be paid by Buyer. The parties shall share equally any transfer taxes imposed on the purchase and sale of the Shares and resulting transactions. 

Section 13.5 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement. 
 Section 13.6 Severability. If any term or
other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect, and the invalid,
illegal or unenforceable provision shall be reformed to the minimum extent required to render such provision valid, legal and enforceable and in a manner so as to preserve the economic and legal substance of the transactions contemplated hereby to
the fullest extent permitted by Law. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible. 
 Section 13.7 Assignment. This Agreement shall not be assigned by any party hereto (including by operation of law or otherwise) except with the prior written consent of the other parties
hereto such consent not to be unreasonably withheld, conditioned or delayed in the case of a requested assignment to an Affiliate of a party where Buyer Guarantor or Seller Guarantor, as applicable, has consented to such assignment in a writing
acknowledging its agreement to remain liable for the assignee’s obligations under this Agreement. Any purported assignment of this Agreement in violation of this Section 13.7 shall be null and void. 

Section 13.8 Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each party
hereto and its permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement;
except, that the Seller Indemnitees and the Buyer Indemnitees shall be third party beneficiaries of the indemnifications provided for in Article XIII. 

  
 71 

 Section 13.9 Failure or Indulgence Not Waiver. No failure or delay on the
part of any party hereto in the exercise of any right hereunder shall impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty, covenant or agreement herein, nor shall any single or partial
exercise of any such right preclude other or further exercise thereof or of any other right. 
 Section 13.10
Disclosure Schedules. Any matter disclosed by Seller in the Disclosure Schedules pursuant to any Section of this Agreement shall be deemed to have been disclosed by Seller for purposes of each other Section of this Agreement to which such
disclosure is relevant to the extent that such matter is reasonably apparent on its face to be applicable to such other Section. 
 Section 13.11 Time of the Essence. Time is of the essence in this Agreement. If the date specified in this Agreement for giving any notice or taking any action is not a Business Day (or
if the period during which any notice is required to be given or any action taken expires on a date which is not a Business Day), then the date for giving such notice or taking such action (and the expiration date of such period during which notice
is required to be given or action taken) shall be the next day which is a Business Day. 
 Section 13.12
Counterparts. This Agreement may be executed in multiple counterparts and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute
one and the same agreement. Signed counterparts of this Agreement may be delivered by facsimile and by scanned .pdf image; provided that each party hereto uses commercially reasonable efforts to deliver to each other party hereto original
signed counterparts as soon as possible thereafter. 
 Section 13.13 Entire Agreement. This Agreement and the
Other Agreements (together with the Exhibits, the Disclosure Schedules and the other Schedules hereto and thereto) constitute the entire agreement of the parties hereto and thereto, and supersede all prior agreements and undertakings, both written
and oral, among the parties hereto, with respect to the subject matter hereof (other than the Confidentiality Agreement, which shall continue in full force and effect). 
 [Signature Page Follows] 

  
 72 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed on
its behalf as of the date first above written. 
  

			
	VALERO REFINING AND MARKETING
COMPANY
		
	By:	 	/s/ S.E. Edwards
	Name:	 	S.E. Edwards
	Title:	 	EVP
	
	PBF HOLDING COMPANY LLC
		
	By:	 	/s/ Thomas J. Nimbley
	Name:	 	Thomas J. Nimbley
	Title:	 	Chief Executive Officer
	
	For the limited purpose of agreeing to the
provisions of Section 2.6 and Article IV to the
extent applicable to Company:
	
	VALERO REFINING COMPANY-NEW
JERSEY
		
	By:	 	/s/ S.E. Edwards
	Name:	 	S.E. Edwards
	Title:	 	EVP

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 

DISCLOSURE SCHEDULES 
 TO THE STOCK PURCHASE AGREEMENT 
 AMONG 

VALERO REFINING AND MARKETING COMPANY, 
 PBF HOLDING COMPANY LLC, 
 AND, FOR THE LIMITED PURPOSES SET FORTH
THEREIN, 
 VALERO REFINING COMPANY-NEW JERSEY 

DATED AS OF SEPTEMBER
                    , 2010 

Capitalized terms used in this Disclosure Schedule (the “Schedule”) and not otherwise defined herein shall have the meanings given to
such terms in the Stock Purchase Agreement among VALERO REFINING AND MARKETING COMPANY, PBF HOLDING COMPANY LLC, and, for the limited purposes set forth therein, VALERO REFINING COMPANY-NEW JERSEY, dated September
            , 2010 (the “Agreement”). 
 Matters reflected
in this Schedule are not necessarily limited to matters required by the Agreement to be reflected in this Schedule. Such additional matters are set forth for informational purposes only and shall not be deemed to expand in any way the information
required to be disclosed in this Schedule or to imply that other information with respect to similar matters must be disclosed. Inclusion of information herein shall not be construed as an admission that such information (i) relates to matters
which are material, (ii) reflects facts or circumstances which are outside the ordinary course of business or (iii) might be considered to have or cause a Material Adverse Effect. 
 Matters disclosed in this Schedule under any particular reference to a section of the Agreement shall be deemed to be disclosed under all other sections of the Agreement to which such matters are
relevant. 

 Schedule 1.1(a) 

Refinery Land 

REFINERY PARCEL: 
 ALL THAT
CERTAIN TRACT, PARCEL AND LOT OF LAND LYING AND BEING SITUATE IN THE TOWNSHIP OF GREENWICH AND BOROUGH OF PAULSBORO, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

TRACT ONE: 
 BEGINNING AT A POINT, SAID
POINT BEING THE INTERSECTION OF THE NORTHWESTERLY LINE OF BILLINGSPORT ROAD (49.50’ ROW) AND THE NORTHERLY LINE OF THE CONSOLIDATED RAIL CORPORATION (66.00’ ROW); THENCE 

 

	(1)	ALONG THE NORTHERLY LINE OF THE SAID CONSOLIDATED RAIL CORPORATION RAILROAD RIGHT OF WAY, SOUTH 71 DEGREES 33 MINUTES 16 SECONDS WEST, 2,410.39 FEET TO A POINT; THENCE

  

	(2)	ALONG THE EASTERLY LINE OF BLOCK 31, NORTH MELLON AVENUE, BLOCK 29 AND BLOCK 25, LOT 3, AS SHOWN ON PAGE 5 OF THE CURRENT TAX MAP OF GREENWICH TOWNSHIP, NORTH 27
DEGREES 54 MINUTES 40 SECONDS WEST, 810.12 FEET TO A POINT; THENCE 

  

	(3)	ALONG A PORTION OF THE NORTHERLY LINE OF LOT 3, SOUTH 87 DEGREES 48 MINUTES 08 SECONDS EAST, 1,255.37 FEET TO A POINT; THENCE 

 

	(4)	ALONG A PORTION OF THE EASTERLY LINE OF LOT 3, NORTH 28 DEGREES 06 MINUTES 52 SECONDS WEST, 1,312.00 FEET TO A POINT; THENCE 

 

	(5)	ALONG A PORTION OF THE NORTHERLY LINE OF LOT 3, SOUTH 78 DEGREES 43 MINUTES 08 SECONDS WEST, 675.00 FEET TO A POINT; THENCE 

 

	(6)	ALONG A PORTION OF THE EASTERLY LINE OF LOT 3, NORTH 26 DEGREES 06 MINUTES 52 SECONDS WEST, 693.30 FEET TO A POINT; THENCE 

 

	(7)	ALONG A PORTION OF THE NORTHERLY LINE OF LOT 3, SOUTH 79 DEGREES 08 MINUTES 08 SECONDS WEST, 192.40 FEET TO A POINT; THENCE 

 

	(8)	ALONG A PORTION OF THE EASTERLY LINE OF LOT 3, NORTH 07 DEGREES 36 MINUTES 52 SECONDS WEST, 1,031.50 FEET TO A POINT IN THE HIGH WATER LINE OF THE DELAWARE RIVER;
THENCE 

  

	(9)	ALONG THE RIPARIAN GRANT LINE, NORTH 10 DEGREES 12 MINUTES 28 SECONDS WEST, 1,897.89 FEET TO A POINT; THENCE 

	(10)	ALONG THE RIPARIAN GRANT LINE CROSSING INTO THE BOROUGH OF PAULSBORO, SOUTH 77 DEGREES 21 MINUTES 25 SECONDS WEST, 6,047.70 FEET TO A POINT; THENCE

  

	(11)	ALONG THE RIPARIAN GRANT LINE, SOUTH 12 DEGREES 38 MINUTES 35 SECONDS WEST, 282.50 FEET TO A POINT IN THE HIGH WATER LINE OF THE DELAWARE RIVER; THENCE

  

	(12)	ALONG THE HIGH WATER LINE OF THE DELAWARE RIVER IN AN EASTERLY DIRECTION SOUTH 78 DEGREES 18 MINUTES 16 SECONDS EAST, 123.97 FEET TO A POINT; THENCE

  

	(13)	ALONG THE HIGH WATER LINE OF THE DELAWARE RIVER IN AN EASTERLY DIRECTION NORTH 64 DEGREES 23 MINUTES 11 SECONDS EAST, 111.57 FEET TO A POINT; THENCE

  

	(14)	ALONG THE WESTERLY LINE OF LOT 3, BLOCK 50 IN THE BOROUGH OF PAULSBORO, SOUTH 27 DEGREES 49 MINUTES 43 SECONDS EAST, 410.31 FEET TO A POINT; THENCE

  

	(15)	STILL ALONG THE WESTERLY LINE OF LOT 3 AND THE WESTERLY LINE OF COLNMELL ROAD (50’ ROW), CROSSING INTO THE TOWNSHIPOF GREENWICH, SOUTH 27 DEGREES 58 MINUTES 14
SECONDS EAST, 811.94 FEET TO A POINT; THENCE 

  

	(16)	ALONG A PORTION OF THE SOUTHERLY LINE OF COLNNELL ROAD (50’ ROW), NORTH 75 DEGREES 04 MINUTES 42 SECONDS EAST, 435.09 FEET TO A POINT; THENCE

  

	(17)	ALONG THE SOUTHERLY LINE OF DELAWARE STREET (50’ ROW), SOUTH 28 DEGREES 31 MINUTES 39 SECONDS EAST, 826.14 FEET TO A POINT; THENCE 

 

	(18)	ALONG THE NORTHERLY LINE OF LOT 6, SOUTH 60 DEGREES 45 MINUTES 38 SECONDS WEST, 209.55 FEET TO A POINT; THENCE 

 

	(19)	ALONG THE WESTERLY LINE OF LOT 6 & 7, SOUTH 29 DEGREES 22 MINUTES 22 SECONDS EAST, 125.00 FEET TO A POINT; THENCE 

 

	(20)	ALONG A PORTION OF THE SOUTHERLY LINE OF LOT 7, NORTH 60 DEGREES 45 MINUTES 38 SECONDS EAST, 13.08 FEET TO A POINT; THENCE 

 

	(21)	ALONG A PORTION OF THE WESTERLY LINE OF LOT 1.01, SOUTH 29 DEGREES 22 MINUTES 22 SECONDS EAST, 101.51 FEET TO A POINT; THENCE 

 

	(22)	ALONG THE NORTHERLY AND WESTERLY LINES OF LOT 1.01 THE FOLLOWING COURSES AND DISTANCES SOUTH 21 DEGREES 40 MINUTES 36 SECONDS WEST, 143.72 FEET TO A POINT; THENCE

  

	(23)	NORTH 67 DEGREES 56 MINUTES 59 SECONDS WEST, 234.97 FEET TO A POINT; THENCE 

	(24)	SOUTH 64 DEGREES 08 MINUTES 09 SECONDS WEST, 332.29 FEET TO A POINT; THENCE 

 

	(25)	SOUTH 23 DEGREES 27 MINUTES 24 SECONDS WEST, 110.73 FEET TO A POINT; THENCE 

 

	(26)	SOUTH 65 DEGREES 55 MINUTES 20 SECONDS WEST, 41.52 FEET TO A POINT; THENCE 

 

	(27)	SOUTH 42 DEGREES 22 MINUTES 47 SECONDS WEST, 77.00 FEET TO A POINT; THENCE 

 

	(28)	SOUTH 65 DEGREES 36 MINUTES 01 SECONDS WEST, 235.70 FEET TO A POINT; THENCE 

 

	(29)	SOUTH 63 DEGREES 47 MINUTES 18 SECONDS WEST, 178.23 FEET TO A POINT; THENCE 

 

	(30)	SOUTH 53 DEGREES 31 MINUTES 46 SECONDS WEST, 10.34 FEET TO A POINT; THENCE 

 

	(31)	SOUTH 42 DEGREES 12 MINUTES 28 SECONDS WEST, 72.28 FEET TO A POINT; THENCE 

 

	(32)	SOUTH 25 DEGREES 58 MINUTES 46 SECONDS EAST, 106.06 FEET TO A POINT; THENCE 

 

	(33)	SOUTH 65 DEGREES 08 MINUTES 57 SECONDS WEST, 130.44 FEET TO A POINT; THENCE 

 

	(34)	SOUTH 24 DEGREES 28 MINUTES 58 SECONDS EAST, 34.44 FEET TO A POINT; THENCE 

 

	(35)	SOUTH 63 DEGREES 33 MINUTES 22 SECONDS WEST, 139.85 FEET TO A POINT; THENCE 

 

	(36)	SOUTH 09 DEGREES 49 MINUTES 04 SECONDS WEST, 26.55 FEET TO A POINT; THENCE 

 

	(37)	SOUTH 11 DEGREES 49 MINUTES 50 SECONDS EAST, 11.43 FEET TO A POINT; THENCE 

 

	(38)	SOUTH 25 DEGREES 33 MINUTES 38 SECONDS EAST, 50.59 FEET TO A POINT; THENCE 

 

	(39)	SOUTH 25 DEGREES 41 MINUTES 29 SECONDS WEST, 30.28 FEET TO A POINT; THENCE 

 

	(40)	SOUTH 49 DEGREES 44 MINUTES 08 SECONDS WEST, 25.98 FEET TO A POINT; THENCE 

 

	(41)	SOUTH 25 DEGREES 05 MINUTES 21 SECONDS EAST, 70.59 FEET TO A POINT; THENCE 

 

	(42)	SOUTH 47 DEGREES 56 MINUTES 22 SECONDS EAST, 61.75 FEET TO A POINT; THENCE 

 

	(43)	SOUTH 28 DEGREES 37 MINUTES 09 SECONDS EAST, 89.55 FEET TO A POINT; THENCE 

 

	(44)	NORTH 64 DEGREES 06 MINUTES 52 SECONDS EAST, 22.26 FEET TO A POINT; THENCE 

 

	(45)	SOUTH 25 DEGREES 53 MINUTES 08 SECONDS EAST, 152.83 FEET TO A POINT; THENCE 

	(46)	SOUTH 64 DEGREES 06 MINUTES 52 SECONDS WEST, 15.98 FEET TO A POINT; THENCE 

 

	(47)	SOUTH 06 DEGREES 24 MINUTES 29 SECONDS EAST, 8.87 FEET TO A POINT; THENCE 

  

	(48)	SOUTH 22 DEGREES 32 MINUTES 54 SECONDS WEST, 30.54 FEET TO A POINT; THENCE 

 

	(49)	SOUTH 64 DEGREES 34 MINUTES 49 SECONDS WEST, 27.92 FEET TO A POINT; THENCE 

 

	(50)	SOUTH 24 DEGREES 55 MINUTES 17 SECONDS EAST, 107.33 FEET TO A POINT; THENCE 

 

	(51)	SOUTH 13 DEGREES 12 MINUTES 03 SECONDS EAST, 81.11 FEET TO A POINT; THENCE 

 

	(52)	SOUTH 80 DEGREES 29 MINUTES 42 SECONDS EAST, 40.61 FEET TO A POINT; THENCE 

 

	(53)	SOUTH 01 DEGREES 15 MINUTES 24 SECONDS WEST, 18.54 FEET TO A POINT; THENCE 

 

	(54)	SOUTH 11 DEGREES 33 MINUTES 22 SECONDS EAST, 25.18 FEET TO A POINT; THENCE 

 

	(55)	SOUTH 03 DEGREES 25 MINUTES 16 SECONDS EAST, 24.48 FEET TO A POINT; THENCE 

 

	(56)	SOUTH 06 DEGREES 36 MINUTES 56 SECONDS EAST, 24.08 FEET TO A POINT; THENCE 

 

	(57)	SOUTH 09 DEGREES 38 MINUTES 17 SECONDS EAST, 25.04 FEET TO A POINT; THENCE 

 

	(58)	SOUTH 10 DEGREES 34 MINUTES 13 SECONDS EAST, 24.61 FEET TO A POINT; THENCE 

 

	(59)	SOUTH 12 DEGREES 34 MINUTES 14 SECONDS EAST, 24.58 FEET TO A POINT; THENCE 

 

	(60)	SOUTH 14 DEGREES 59 MINUTES 02 SECONDS EAST, 25.13 FEET TO A POINT; THENCE 

 

	(61)	SOUTH 17 DEGREES 13 MINUTES 46 SECONDS EAST, 24.86 FEET TO A POINT; THENCE 

 

	(62)	SOUTH 17 DEGREES 34 MINUTES 48 SECONDS EAST, 24.88 FEET TO A POINT; THENCE 

 

	(63)	SOUTH 17 DEGREES 53 MINUTES 31 SECONDS EAST, 24.89 FEET TO A POINT; THENCE 

 

	(64)	SOUTH 18 DEGREES 16 MINUTES 37 SECONDS EAST, 25.41 FEET TO A POINT, THENCE 

 

	(65)	SOUTH 19 DEGRESS 37 MINUTES 58 SECONDS EAST, 24.50 FEET TO A POINT, THENCE 

 

	(66)	SOUTH 19 DEGREES 51 MINUTES 00 SECONDS EAST, 24.58 FEET TO A POINT; THENCE 

 

	(67)	SOUTH 21 DEGREES 23 MINUTES 47 SECONDS EAST, 24.99 FEET TO A POINT; THENCE 

 

	(68)	SOUTH 23 DEGREES 02 MINUTES 51 SECONDS EAST, 24.62 FEET TO A POINT; THENCE 

 

	(69)	SOUTH 24 DEGREES 43 MINUTES 50 SECONDS EAST, 24.99 FEET TO A POINT; THENCE 

 

	(70)	SOUTH 26 DEGREES 37 MINUTES 21 SECONDS EAST, 24.77 FEET TO A POINT; THENCE 

	(71)	SOUTH 28 DEGREES 19 MINUTES 58 SECONDS EAST, 24.78 FEET TO A POINT; THENCE 

 

	(72)	SOUTH 31 DEGREES 05 MINUTES 24 SECONDS EAST, 24.69 FEET TO A POINT; THENCE 

 

	(73)	SOUTH 33 DEGREES 24 MINUTES 58 SECONDS EAST, 25.07 FEET TO A POINT; THENCE 

 

	(74)	SOUTH 35 DEGREES 39 MINUTES 43 SECONDS EAST, 24.51 FEET TO A POINT; THENCE 

 

	(75)	SOUTH 38 DEGREES 45 MINUTES 50 SECONDS EAST, 24.18 FEET TO A POINT; THENCE 

 

	(76)	SOUTH 42 DEGREES 28 MINUTES 01 SECONDS EAST, 24.35 FEET TO A POINT; THENCE 

 

	(77)	SOUTH 48 DEGREES 11 MINUTES 22 SECONDS EAST, 24.44 FEET TO A POINT; THENCE 

 

	(78)	SOUTH 54 DEGREES 22 MINUTES 00 SECONDS EAST, 24.48 FEET TO A POINT; THENCE 

 

	(79)	SOUTH 55 DEGREES 05 MINUTES 10 SECONDS EAST, 24.90 FEET TO A POINT; THENCE 

 

	(80)	SOUTH 57 DEGREES 08 MINUTES 43 SECONDS EAST, 56.25 FEET TO A POINT; THENCE 

 

	(81)	ALONG THE NORTHWESTERLY LINE OF BILLINGSPORT ROAD (49.50’ ROW), SOUTH 23 DEGREES 24 MINUTES 36 SECONDS WEST, 1,513.65 FEET TO A POINT, THE POINT AND PLACE OF
BEGINNING. 

 TRACT TWO: 
 BEGINNING AT A POINT, SAID POINT BEING SOUTH 71 DEGREES 33 MINUTES 16 SECONDS WEST, 2,410.39 FEETALONG THE NORTHERLY LINE OF THE CONSOLIDATED RAIL CORPORATION (66’ ROW) FROM THE INTERSECTION OF THE
NORTHWESTERLY LINE OF BILLINGSPORT ROAD (49.50’) AND THE NORTHERLY LINE OF THE SAID CONSOLIDATED RAIL CORPORATION; THENCE 
  

	(1)	ALONG THE NORTHERLY LINE OF THE SAID CONSOLIDATED RAIL CORPORATION RAILROAD RIGHT OF WAY SOUTH 71 DEGREES 33 MINUTES 16 SECONDS WEST, 2,489.39 FEET TO A POINT; THENCE

  

	(2)	ALONG THE NORTHERLY LINE OF THE SAID CONSOLIDATED RAIL CORPORATION RAILROAD RIGHT OF WAY ON A CURVE TO THE RIGHT HAVING A RADIUS OF 2,832.00 FEET AN ARC DISTANCE OF
733.01 FEET TO A POINT; THENCE 

  

	(3)	ALONG THE NORTHERLY LINE OF THE SAID CONSOLIDATED RAIL CORPORATION RAILROAD RIGHT OF WAY SOUTH 86 DEGREES 23 MINUTES 04 SECONDS WEST, 35.77 FEET TO A CONCRETE MONUMENT;
THENCE 

  

	(4)	ALONG A PORTION OF THE EASTERLY LINE OF LOT 3, NORTH 26 DEGREES 03 MINUTES 20 SECONDS EAST, 1,235.29 FEET TO A CONCRETE MONUMENT; THENCE 

 

	(5)	ALONG A PORTION OF THE SOUTHERLY LINE OF LOT 3, SOUTH 58 DEGREES 12 MINUTES 40 SECONDS EAST, 240.90 FEET TO A CONCRETE MONUMENT; THENCE 

	(6)	ALONG A PORTION OF THE EASTERLY LINE OF LOT 3, NORTH 29 DEGREES 02 MINUTES 20 SECONDS EAST, 140.00 FEET TO A POINT IN THE CENTER OF COLNMELL CREEK; THENCE

  

	(7)	ALONG THE CENTER OF CLONMELL CREEK IN A SOUTHEASTERLY DIRECTION ALONG VARIOUS COURSE AN APPROXIMATE DISTANCE OF 1,700.00 FEET TO A POINT; THENCE

  

	(8)	ALONG A PORTION OF THE EASTERLY LINE OF LOT 3, NORTH 37 DEGREES 32 MINUTES 08 SECONDS EAST, 787.16 FEET TO A POINT; THENCE 

 

	(9)	ALONG A PORTION OF THE WESTERLY LINE OF LOT 1, SOUTH 27 DEGREES 54 MINUTES 40 SECONDS EAST, 642.63 FEET TO A POINT, THE POINT AND PLACE OF BEGINNING.

 EXCEPTING THEREFROM SO MUCH OF THE PREMISES AS DESCRIBED IN DEED FROM VALERO REFINING COMPANY-NEW JERSEY, A DELAWARE
CORPORATION, TO EXXONMOBIL OIL CORPORATION, A NEW YORK CORPORATION, DATED FEBRUARY 27, 2002, RECORDED OCTOBER 16, 2002, IN DEED BOOK 3494, PAGE 168. 
 BEING ALSO KNOWN AS (REPORTED FOR INFORMATIONAL PURPOSES ONLY): 
 LOTS 1, 2.01 AND 2.02, BLOCK 50,
ON THE OFFICIAL TAX MAP OF THE BOROUGH OF PAULSBORO; AND LOTS 1, 1.03, 1.04, 1.05, 1.06, 1.07, 2, 4 AND 5 BLOCK 5025 AND LOTS 1, 31, 32 AND 33 BLOCK 5029, ON THE OFFICIAL TAX MAP OF THE TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW
JERSEY. 
 OTHER PARCELS: 

Parcel A: 
 ALL THAT CERTAIN TRACT, PARCEL
AND LOT OF LAND LYING AND BEING SITUATE IN THE TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 TRACT ONE: 
 BEGINNING AT A POINT IN THE IN THE CENTER LINE OF JEFFERSON STREET (33 FEET
WIDE) SAID POINT BEING A DISTANCE OF 245.00 FEET FROM THE CENTER LINE OF BILLINGSPORT ROAD (70 FEET WIDE); THENCE 
  

	(1)	ALONG THE CENTER LINE OF JEFFERSON STREET, SOUTH 74 DEGREES 17 MINUTES 00 SECONDS EAST, A SURVEY DISTANCE OF 71.01 FEET TO A POINT AND CORNER; THENCE

  

	(2)	ALONG THE DIVISION LINE BETWEEN LOTS 2 AND 2.01, SOUTH 15 DEGREES 43 MINUTES 00 SECONDS WEST, A DISTANCE OF 301.11 FEET TO A POINT AND CORNER COMMON TO LOTS 2 AND 2.02;
THENCE 

	(3)	ALONG THE DIVISION LINE BETWEEN LOTS 2 AND 2.02, NORTH 87 DEGREES 48 MINUTES 37 SECONDS WEST, A SURVEY DISTANCE OF 115.27 FEET TO A POINT AND CORNER COMMON TO LOTS 2
AND 6.01; THENCE 

  

	(4)	ALONG THE DIVISION LINE BETWEEN LOTS 2 AND 6.01, AND PARALLEL WITH BILLINGSPORT ROAD, NORTH 22 DEGREES 52 MINUTES 00 SECONDS EAST, A SURVEY DISTANCE OF 330.67 FEET
(ERRONEOUSLY DESCRIBED IN DEED AS 331.44 FEET) TO THE CENTER LINE OF JEFFERSON STREET AND POINT AND PLACE OF BEGINNING. 

TRACT TWO: 
 BEGINNING AT A POINT IN THE
IN THE CENTER LINE OF JEFFERSON STREET (33 FEET WIDE), SAID POINT ALSO BEING 125.00 FEET FROM THE CENTER LINE OF BILLINOSPORT ROAD (70 FEET WIDE); THENCE 
  

	(1)	ALONG THE CENTER LINE OF JEFFERSON STREET, SOUTH 74 DEGREES 17 MINUTES 00 SECONDS EAST, A DISTANCE OF 70.00 FEET TO A POINT AND CORNER; THENCE 

 

	(2)	ALONG THE DIVISION LINE BETWEEN LOTS 5 AND 6, PARALLEL WITH BILLINGSPORT ROAD, SOUTH 22 DEGREES 52 MINUTES WEST, A DISTANCE OF 343.17 FEET (ERRONEOUSLY DESCRIBED IN
DEED BOOK AS 370 FEET +/-) TO A POINT AND CORNER; THENCE 

  

	(3)	ALONG THE DIVISION LINE BETWEEN LOTS 5 AND 2.02, NORTH 87 DEGREES 48 MINUTES 37 SECONDS WEST, A DISTANCE OF 74.24 FEET (ERRONEOUSLY DESCRIBED IN DEED AS 70.00 FEET) TO
A POINT AND CORNER; THENCE 

  

	(4)	ALONG THE DIVISION LINE BETWEEN LOTS 3 AND 5, PARALLEL WITH BILLINGSPORT ROAD, NORTH 22 DEGREES 52 MINUTES EAST, A DISTANCE OF 360.67 FEET (ERRONEOUSLY DESCRIBED IN
DEED AS 370 FEET +/-) TO THE POINT AND PLACE OF BEGINNING. 

 BEING ALSO KNOWN AS (REPORTED FOR INFORMATIONAL PURPOSES ONLY):

 LOTS 2 AND 5, BLOCK 26, ON THE OFFICIAL TAX MAP OF THE TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY. 

Parcel B: 
 ALL THAT CERTAIN TRACT,
PARCEL AND LOT OF LAND LYING AND BEING SITUATE IN THE TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A SPIKE IN THE CENTER LINE OF JEFFERSON STREET, SAID POINT BEING SOUTH 74 DEGREES 17 MINUTES EAST, 195.00 FEET FROM A SPIKE IN THE CENTER LINE INTERSECTION OF JEFFERSON STREET AND
BILLINGSPORT ROAD, SAID BEGINNING POINT ALSO BEING IN THE DIVIDING LINE BETWEEN LOTS 5 AND 6; THENCE 
  

	(1)	 PARALLEL WITH BILLINGSPORT ROAD, SOUTH 22 DEGREES 52 MINUTES WEST, ALONG THE AFOREMENTIONED DIVIDING LINE AND ALONG THE DIVIDING LINE

	 	
BETWEEN LOTS 5.01 AND 6.01, 343.17 FEET (ERRONEOUSLY DESCRIBED AS 341.00 FEET IN THE LAST DEED OF RECORD) TO A POINT IN THE DIVIDING LINE BETWEEN LOTS 2.02 AND 6.01; THENCE

  

	(2)	SOUTH 87 DEGREES 86 MINUTES 37 SECONDS EAST, (ERRONEOUSLY DESCRIBED IN THE LAST DEED OF RECORD AS SOUTH 84 DEGREES 46 MINUTES 53 SECONDS EAST), ALONG THE DIVIDING LINE
BETWEEN LOTS 2.02 AND 6.01, 53.02 FEET (ERRONEOUSLY DESCRIBED AS 52.06 FEET IN THE LAST DEED OF RECORD) TO POINT IN THE DIVIDING LINE BETWEEN LOTS 2 AND 6.01; THENCE 

 

	(3)	PARALLEL WITH BILLINGSPORT ROAD, NORTH 22 DEGREES 52 MINUTES EAST, ALONG THE AFOREMENTIONED DIVIDING LINE AND ALONG THE DIVIDING LINE BETWEEN LOTS 2 AND 6,330.67 FEET
(ERRONEOUSLY DESCRIBED AS 331.44 FEET IN THE LAST DEED OF RECORD) TO A PIKE IN THE CENTER LINE OF JEFFERSON STREET; THENCE 

  

	(4)	ALONG THE CENTER LINE OF JEFFERSON STREET, NORTH 74 DEGREES 17 MINUTES WEST 50.00 FEET TO THE POINT AND PLACE OF BEGINNING. 

BEING ALSO KNOWN AS (REPORTED FOR INFORMATIONAL PURPOSES ONLY): 
 LOTS 6 AND 6.01, BLOCK 26, ON THE OFFICIAL, TAX MAP OF THE TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY. 
 Parcel C: 
 ALL THAT CERTAIN TRACT, PARCEL AND LOT OF LAND LYING AND BEING SITUATE IN THE
TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A STONE AT OR
NEAR THE INTERSECTION OF THE CENTERLINES OF THE BILLINGSPORT ROAD AND THE ROAD LEADING TO PAULSBORO AND CORNER TO LANDS OF JOHN LOCK AND ELIZA COLE; THENCE 
  

	(1)	NORTH 29 DEGREES 15 MINUTES EAST 81 1/2 FEET TO A CORNER; THENCE BY OTHER LANDS OF THE SAID JAMES D. DEVAULT; 

 

	(2)	SOUTH 60 DEGREES 45 MINUTES EAST 200.00 FEET TO A CORNER; THENCE BY THE SAME 

 

	(3)	SOUTH 29 DEGREES 15 MINUTES WEST 52.2 FEET TO A CORNER IN THE SAID ROAD LEADING TO PAULSBORO AND ABOUT 3 FEET FROM THE CENTERLINE THEREOF; THENCE BY LAND SOLD BY THE
SAID JAMES D. DEVAULT AND WIFE TO PHILIP BAKER, NOW ANNE ELIZA COLE 

  

	(4)	NORTH 69 DEGREES 05 MINUTES WEST 202.15 FEET TO THE PLACE OF BEGINNING. 

 EXCEPTING THEREOUT AND THEREFROM AS CONTAIN IN DEED BOOK 2875, PAGE 132. 
 PARCEL 345, AS
INDICATED ON A MAP ENTITLED “NEW JERSEY DEPARTMENT OF TRANSPORTATION, GENERAL PROPERTY PARCEL MAP, BILLINGSPORT ROAD BRIDGE 

 
(COUNTY ROUTE NO. 653), SHOWING EXISTING RIGHT OF WAY AND PARCELS TO BE ACQUIRED IN THE BOROUGH OF PAULSBORO, TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, JANUARY 1997” 

PARCEL 345, INCLUDING SPECIFICALLY ALL THE LAND AND PREMISES LOCATED AT ABOUT STATION 10+275.4 (BASE LINE BILLINGSPORT ROAD STATIONING), BOUNDED ON THE
WEST BY THE EXISTING RIGHT OF WAY OF BILLINGSPORT ROAD (COUNTY ROUTE NO. 653); ON THE NORTH BY LANDS NOW OR FORMERLY OF INDEPENDENT OIL WORKERS AT PAULSBORO; ON THE EAST BY THE PROPOSED RIGHT OF WAY LINE OF BILLINGSPORT ROAD (COUNTY ROUTE NO. 653),
AS LAID DOWN ON THE AFORESAID MAP; ON THE NORTHEAST BY THE PROPOSED RIGHT OF WAY LINE OF JEFFERSON STREET, AS LAID DOWN ON THE AFORESAID MAP; AND ON THE SOUTH BY THE EXISTING RIGHT OF WAY LINE OF JEFFERSON STREET; ALL AS SHOWN ON THE AFORESAID MAP.

 BEING ALSO KNOWN AS (REPORTED FOR INFORMATIONAL PURPOSES ONLY): 
 LOT 1, BLOCK 27, ON THE OFFICIAL TAX MAP OF THE TOWNSHIP OF GREENWICH, COUNTY OF GLOUCESTER, STATE OF NEW JERSEY. 
 TECH CENTER LEASE 
 Agreement of Lease between Valero Refining Company-New Jersey and
Mobil Technology Company dated October 25, 2001, as amended by Lease Amendment No. 1 between Valero Refining Company-New Jersey and Mobil Technology Company dated August 5, 2002, Lease Amendment No. 2 between Valero Refining
Company-New Jersey and ExxonMobil Oil Corporation dated April 27, 2005, Lease Amendment No. 3 between Valero Refining Company-New Jersey and ExxonMobil Oil Corporation dated August 31, 2005, and Lease Amendment No. 4 between
Valero Refining Company-New Jersey and ExxonMobil Oil Corporation dated August 1, 2007, and as further amended through the Execution Date (the “Tech Center Lease”) covering the following office space: 

Approximately 80,500 square feet of gross rentable area in buildings 39 and 50 located at the Paulsboro Technical Center in the Township of Greenwich,
Gloucester County, New Jersey as shown on the site plan attached to the Tech Center Lease. 
 [End of Schedule 1.1(a)] 

 Schedule 1.1(b) 

Seller Officers and Directors 
 SOLE DIRECTOR: 
 William R. Klesse, Chairman of the Board 

OFFICERS: 
  

			
	 William R. Klesse
	 	Chief Executive Officer and President
	 Kimberly S. Bowers
	 	Executive Vice President and General Counsel
	 Michael S. Ciskowski
	 	Executive Vice President and Chief Financial Officer
	 S. Eugene Edwards
	 	Executive Vice President
	 Joseph W. Gorder
	 	Executive Vice President
	 Richard J. Marcogliese
	 	Executive Vice President
	 Jay D. Browning
	 	Senior Vice President and Secretary
	 Anthony D. Jones
	 	Senior Vice President
	 Clayton E. Killinger
	 	Senior Vice President and Controller
	 John U. Roach
	 	Senior Vice President
	 Salvatore T. (Sal) Viscontini
	 	Senior Vice President
	 William H. Zesch
	 	Senior Vice President
	 J. Travis Capps
	 	Vice President
	 Jack R. Eisenmann
	 	Vice President
	 Jason W. Fraser
	 	Vice President
	 J. Stephen Gilbert
	 	Vice President and Assistant Secretary
	 Eric D. Honeyman
	 	Vice President
	 Richard F. Lashway
	 	Vice President
	 Martin E. Loeber
	 	Vice President
	 Matthew S. Maloy
	 	Vice President
	 Rodney L. Reese
	 	Vice President
	 Stephanie A. Rosales
	 	Vice President and Tax Director
	 Kirk A. Saffell
	 	Vice President
	 Jonathan S. Stuart
	 	Vice President
	 Donna M. Titzman
	 	Vice President and Treasurer
	 Richard J. Walsh
	 	Vice President
	 Roy G. Martin, Jr
	 	Assistant Secretary

 Schedule 2.4(a)(i) 

Wire Transfer Instructions 
 [REDACTED] 

 Schedule 2.6(b)(ii) 

Retained Litigation 
 All
matters listed on Section 4.7 (Litigation) of these Disclosure Schedules 

 Schedule 3.3(a) 

Seller Third Person Consents 
  

	1.	Except where noted in Section 4.4(a)-2 of these Schedules, the consent of the counterparties thereto is required for the assignment of each of the Seller Contracts
listed in Section 4.4(a)-2 of these Schedules. 

 Schedule 3.3(b) 

Seller Governmental Authorizations 
 None 

 Schedule 3.5 
 Ownership of Shares 
 None 

 Schedule 4.2 
 Company Financial Statements 
 (See Attached) 

 

 
  
  
 PAULSBORO REFINING BUSINESS 
 FINANCIAL STATEMENTS 

DECEMBER 31, 2009 and 2008 

							
	 

	  	  
 KPMG LLP

Suite 1200
 300 Convent

San Antonio, TX 78205
	  		  	

 INDEPENDENT AUDITORS’ REPORT 
 To the Board of Directors of Valero Energy Corporation: 
 We have audited the accompanying balance
sheets of the Paulsboro Refining Business as of December 31, 2009 and 2008, and the related statements of income, changes in net parent investment, and cash flows for each of the years in the three-year period ended December 31, 2009.
These financial statements are the responsibility of the management of the Paulsboro Refining Business. Our responsibility is to express an opinion on these financial statements based on our audits. 

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Paulsboro Refining Business’ internal control over financial reporting. Accordingly, we express no such opinion. An audit
also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion. 
 In our opinion, the financial statements
referred to above present fairly, in all material respects, the financial position of the Paulsboro Refining Business as of December 31, 2009 and 2008, and the results of its operations and its cash flows for each of the years in the three-year
period ended December 31, 2009, in conformity with U.S. generally accepted accounting principles. 
 As discussed in Note 2, the Business
incurred a net loss and experienced negative cash flow from operations for the year ended December 31, 2009. The Business has limited financial resources to fund operating losses and support itself until such time, if ever, the Business is
successful in generating positive cash flow from operations. The Business is dependent upon Valero Energy Corporation, its parent, to provide such financial support and there is no legal or contractual requirement for Valero to provide such support.
These factors raise substantial doubt concerning the ability of the Business to continue operating as a going concern. The financial statements do not contain any adjustments relating to the recoverability and classification of recorded asset
amounts or the amounts and classification of liabilities that might be necessary should the Business be unable to continue operating as a going concern. 
 

 
 San Antonio, Texas 
 June 7, 2010 
 KPMG LLP, a U.S. limited liability partnership, is the U.S.

 member firm of KPMG International, a Swiss cooperative. 

  
 2 

 PAULSBORO REFINING BUSINESS 

BALANCE SHEETS 
 (in thousands) 
  

									
	 	  	December 31,	 
	 	  	2009	 	 	2008	 
	 ASSETS
	  				 			
	 Current assets:
	  				 			
	 Cash
	  	$	2	  	 	$	4	  
	 Accounts receivable, net
	  	 	576	  	 	 	358	  
	 Inventories
	  	 	176,562	  	 	 	209,495	  
	 Prepaid expenses
	  	 	1,241	  	 	 	1,027	  
		  	  
	  
	 	 	  
	  
	 
	 Total current assets
	  	 	178,381	  	 	 	210,884	  
		  	  
	  
	 	 	  
	  
	 
	 Property, plant and equipment, at cost
	  	 	1,517,292	  	 	 	1,433,573	  
	 Accumulated depreciation
	  	 	(302,693	) 	 	 	(250,834	) 
		  	  
	  
	 	 	  
	  
	 
	 Property, plant and equipment, net
	  	 	1,214,599	  	 	 	1,182,739	  
		  	  
	  
	 	 	  
	  
	 
	 Deferred charges and other assets, net
	  	 	47,577	  	 	 	41,357	  
		  	  
	  
	 	 	  
	  
	 
	 Total assets
	  	$	1,440,557	  	 	$	1,434,980	  
		  	  
	  
	 	 	  
	  
	 
			
	 LIABILITIES AND

NET PARENT INVESTMENT
	  				 			
	 Current liabilities:
	  				 			
	 Current portion of capital lease obligation
	  	$	26	  	 	$	25	  
	 Accounts payable
	  	 	26,134	  	 	 	61,488	  
	 Accrued expenses
	  	 	12,186	  	 	 	4,160	  
	 Taxes other than income taxes
	  	 	210	  	 	 	333	  
	 State income taxes payable
	  	 	—  	  	 	 	14,328	  
	 Deferred income taxes
	  	 	18,410	  	 	 	18,864	  
		  	  
	  
	 	 	  
	  
	 
	 Total current liabilities
	  	 	56,966	  	 	 	99,198	  
		  	  
	  
	 	 	  
	  
	 
	 Capital lease obligation, less current portion
	  	 	133	  	 	 	159	  
		  	  
	  
	 	 	  
	  
	 
	 Deferred income taxes
	  	 	264,700	  	 	 	249,878	  
		  	  
	  
	 	 	  
	  
	 
	 Other long-term liabilities
	  	 	35,490	  	 	 	42,864	  
		  	  
	  
	 	 	  
	  
	 
	 Commitments and contingencies
	  				 			
	 Net parent investment
	  	 	1,083,268	  	 	 	1,042,881	  
		  	  
	  
	 	 	  
	  
	 
	 Total liabilities and net parent investment
	  	$	1,440,557	  	 	$	1,434,980	  
		  	  
	  
	 	 	  
	  
	 

 See accompanying notes to the financial statements. 

  
 3 

 PAULSBORO REFINING BUSINESS 

STATEMENTS OF INCOME 
 (in thousands) 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	  	2007	 
	 Operating revenues
	  	$	3,549,517	  	 	$	6,448,379	  	  	$	4,927,174	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
				
	 Costs and expenses:
	  				 				  			
	 Cost of sales
	  	 	3,419,460	  	 	 	5,718,685	  	  	 	4,379,082	  
	 Operating expenses
	  	 	266,319	  	 	 	317,093	  	  	 	290,799	  
	 General and administrative expenses
	  	 	15,594	  	 	 	15,619	  	  	 	16,414	  
	 Asset impairment loss
	  	 	8,478	  	 	 	705	  	  	 	—  	  
	 Depreciation and amortization expense
	  	 	65,103	  	 	 	56,634	  	  	 	51,271	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total costs and expenses
	  	 	3,774,954	  	 	 	6,108,736	  	  	 	4,737,566	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
				
	 Operating income (loss)
	  	 	(225,437	) 	 	 	339,643	  	  	 	189,608	  
	 Interest and other income and expense, net
	  	 	1,249	  	 	 	551	  	  	 	(8,150	) 
	 Interest capitalized
	  	 	—  	  	 	 	—  	  	  	 	3,968	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Income (loss) before income tax expense (benefit)
	  	 	(224,188	) 	 	 	340,194	  	  	 	185,426	  
	 Income tax expense (benefit)
	  	 	(86,586	) 	 	 	131,445	  	  	 	72,747	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Net income (loss)
	  	$	(137,602	) 	 	$	208,749	  	  	$	112,679	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

 See accompanying notes to the financial statements. 

  
 4 

 PAULSBORO REFINING BUSINESS 

STATEMENTS OF CHANGES IN NET PARENT INVESTMENT 
 (in thousands) 
  

					
	 Balance as of December 31, 2006
	  	$	 875,120	  
	 Net income
	  	 	112,679	  
	 Net cash repayments to parent
	  	 	(112,606	) 
		  	  
	  
	 
		
	 Balance as of December 31, 2007
	  	 	875,193	  
	 Net income
	  	 	208,749	  
	 Net cash repayments to parent
	  	 	(41,061	) 
		  	  
	  
	 
		
	 Balance as of December 31, 2008
	  	 	1,042,881	  
	 Net loss
	  	 	(137,602	) 
	 Net cash advances from parent
	  	 	177,989	  
		  	  
	  
	 
		
	 Balance as of December 31, 2009
	  	$	1,083,268	  
		  	  
	  
	 

 See accompanying notes to the financial statements. 

  
 5 

 PAULSBORO REFINING BUSINESS 

STATEMENTS OF CASH FLOWS 
 (in thousands) 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	 	2007	 
	 Cash flows from operating activities:
	  				 				 			
	 Net income (loss)
	  	$	(137,602	) 	 	$	208,749	  	 	$	112,679	  
	 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
	  				 				 			
	 Depreciation and amortization expense
	  	 	65,103	  	 	 	56,634	  	 	 	51,271	  
	 Asset impairment loss
	  	 	8,478	  	 	 	705	  	 	 	—  	  
	 Deferred income tax expense
	  	 	13,808	  	 	 	30,728	  	 	 	24,322	  
	 Changes in current assets and current liabilities
	  	 	(4,906	) 	 	 	(33,989	) 	 	 	55,073	  
	 Other, net
	  	 	(6,814	) 	 	 	(19,310	) 	 	 	14,844	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net cash provided by (used in) operating activities
	  	 	(61,933	) 	 	 	243,517	  	 	 	258,189	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
				
	 Cash flows from investing activities:
	  				 				 			
	 Capital expenditures
	  	 	(96,754	) 	 	 	(198,647	) 	 	 	(114,368	) 
	 Deferred turnaround and catalyst costs
	  	 	(19,260	) 	 	 	(3,786	) 	 	 	(31,245	) 
	 Other investing activities, net
	  	 	(19	) 	 	 	—  	  	 	 	46	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net cash used in investing activities
	  	 	(116,033	) 	 	 	(202,433	) 	 	 	(145,567	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
				
	 Cash flows from financing activities:
	  				 				 			
	 Capital lease payments
	  	 	(25	) 	 	 	(23	) 	 	 	(22	) 
	 Net cash advances from (repayments to) parent
	  	 	177,989	  	 	 	(41,061	) 	 	 	(112,606	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net cash provided by (used in) financing activities
	  	 	177,964	  	 	 	(41,084	) 	 	 	(112,628	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net decrease in cash
	  	 	(2	) 	 	 	—  	  	 	 	(6	) 
	 Cash at beginning of year
	  	 	4	  	 	 	4	  	 	 	10	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Cash at end of year
	  	$	2	  	 	$	4	  	 	$	4	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 See accompanying notes to the financial statements. 

  
 6 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS 
 1. BUSINESS DESCRIPTION 
 The Paulsboro Refining Business (the Business) includes the
operations of the Paulsboro Refinery and related assets. The Paulsboro Refinery is located on 950 acres in Paulsboro, New Jersey, approximately 15 miles south of Philadelphia on the Delaware River. The refinery has a total throughput capacity,
including crude oil and other feedstocks, of approximately 185,000 barrels per day. The refinery’s main processing facilities include a crude unit, a coker, a propane deasphalting unit, a fluid catalytic cracking unit, a continuous catalytic
desulfurization unit, and a sulfur recovery unit. The refinery processes primarily sour crude oils into a wide slate of products including gasolines, distillates, lube oil basestocks and lube extracts, asphalt, fuel oil, petroleum coke, propane and
sulfur. Feedstocks and refined products are typically transported by tanker and barge via refinery-owned dock facilities along the Delaware River, Buckeye Pipeline Company’s product distribution system into western Pennsylvania and Ohio, a
local truck rack owned by NuStar Energy L.P., railcars, and the Colonial pipeline, which allows products to be sold into the New York Harbor market. 
 The Paulsboro Refinery was acquired by a subsidiary of Valero Energy Corporation (Valero) from Mobil Oil Corporation (Mobil) on September 16, 1998. References to Valero or Parent herein may refer to
Valero Energy Corporation or one or more of its direct or indirect subsidiaries that are not included in the financial statements of the Business, as the context requires. 
 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
 Basis of Presentation

 These financial statements have been prepared in accordance with applicable United States generally accepted accounting principles
(GAAP). The financial statements reflect Valero’s historical cost basis in the Business. 
 During the year ended December 31, 2009,
the Business incurred a net loss of $138 million, a net operating loss of $225 million, and experienced negative cash flow from operations of $62 million. Unaudited information subsequent to December 31, 2009 indicates that the Business is
continuing to incur operating losses and negative cash flow from operations. The Business consists only of the direct operating assets and liabilities of the Paulsboro Refinery and therefore the Business has limited financial resources to support
its operations when it experiences negative cash flow from operations or requires significant funds for capital expenditures or major maintenance of the refinery. The Business is dependent upon Valero to provide such financial support as required
and there is no legal or contractual requirement for Valero to do so. These factors give rise to substantial doubt concerning the ability of the Business to continue operating as a going concern. The ability of the Business to continue operating in
the normal course of business is dependent upon its ability to generate future positive cash flow from operations and the financial support of Valero. The financial statements do not contain any adjustments that might result from the outcome of this
uncertainty. 
 The financial statements include allocations and estimates of general and administrative costs of Valero that are attributable
to the operations of the Business. The Business purchases its crude oil and other feedstocks from and sells its refined products to Valero. Purchases of feedstock by the Business from Valero are recorded at the cost paid to third parties by Valero,
and sales of refined products from the Business to Valero are recorded at intercompany transfer prices, which are market prices adjusted by 

  
 7 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 quality, location, and other differentials on the date of the sale. Management believes that the
assumptions, estimates, and allocations used to prepare these financial statements are reasonable. However, the amounts reflected in these financial statements may not necessarily be indicative of the revenues, costs, and expenses that would have
resulted if the Business had been operated as a separate entity. 
 The Business’ results of operations may be affected by seasonal
factors, such as the demand for petroleum products, which vary during the year, or industry factors that may be specific to a particular period, such as industry supply capacity and refinery turnarounds. In addition, the Business’ results of
operations are dependent on Valero’s feedstock acquisition and refined product marketing activities. 
 Subsequent Events

 Management has evaluated subsequent events that occurred after December 31, 2009 through June 7, 2010, the date these
financial statements were issued. Any material subsequent events that occurred during this time have been properly recognized or disclosed in these financial statements. 
 Use of Estimates 
 The preparation of financial statements in conformity with GAAP
requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates based
on currently available information. Changes in facts and circumstances may result in revised estimates. 
 Inventories 

Inventories represent inventories located at the refinery, and consist of refinery feedstocks purchased for processing, refined products, and materials
and supplies. Inventories are carried at the lower of cost or market. The cost of refinery feedstocks purchased for processing and refined products are determined under the last-in, first-out (LIFO) method using the dollar-value LIFO method, with
any increments valued based on purchase prices at the end of the year. The cost of materials and supplies is determined under the weighted-average cost method. 
 Property, Plant and Equipment 
 Property, plant and equipment are stated at cost.
Additions to property, plant and equipment, including capitalized interest and certain costs allocable to construction and property purchases, are recorded at cost. 
 The costs of minor property units (or components of property units), net of salvage value, retired or abandoned are charged or credited to accumulated depreciation under the composite method of
depreciation. Gains or losses on sales or other dispositions of major units of property are recorded in income and are reported in depreciation and amortization expense in the statements of income. 

Depreciation of property, plant and equipment is recorded on a straight-line basis over the estimated useful lives of the related facilities primarily
using the composite method of depreciation. Leasehold improvements and assets acquired under capital leases are amortized using the straight-line method over the shorter of the lease term or the estimated useful life of the related asset.

  
 8 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 Deferred Charges and Other Assets 
 Deferred charges and other assets include the following: 
  

	 	•	 	 refinery turnaround costs, which are incurred in connection with planned major maintenance activities at the Paulsboro Refinery and which are deferred
when incurred and amortized on a straight-line basis over the period of time estimated to lapse until the next turnaround occurs; 

  

	 	•	 	 fixed-bed catalyst costs, representing the cost of catalyst that is changed out at periodic intervals when the quality of the catalyst has deteriorated
beyond its prescribed function, which are deferred when incurred and amortized on a straight-line basis over the estimated useful life of the specific catalyst; and 

 

	 	•	 	 process royalty costs, which are deferred when incurred and amortized over the life of the specific royalty. 

Impairment and Disposal of Long-Lived Assets 
 Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. A long-lived asset is not recoverable if its carrying
amount exceeds the sum of the undiscounted cash flows expected to result from its use and eventual disposition. If a long-lived asset is not recoverable, an impairment loss is recognized in an amount by which its carrying amount exceeds its fair
value, with fair value determined based on discounted estimated net cash flows or other appropriate methods. Management believes that the carrying amounts of the Business’ long-lived assets as of December 31, 2009 are recoverable. See Note
4 for a discussion of certain capital projects in progress that have been temporarily suspended. 
 Due to the effect of the current unfavorable
economic conditions on the refining industry, and management’s expectations of a continuation of such conditions for the near term, management will continue to monitor both operating assets and capital projects for potential asset impairments
until conditions improve. The determination of future cash flows requires management to make significant estimates and assumptions about the future operations of the refinery, including overall throughput volumes, types of crude oil processed, types
of products produced, and prices for crude oil and refined products. Prices for crude oil and refined products fluctuate significantly based on market factors, as well as geopolitical matters. Prices, in turn, impact refinery throughput assumptions.
Management believes that its estimates are reasonable; however, future cash flows will differ from its estimates and such differences may be material. The refinery’s expected future cash flows are primarily sensitive to differences between
expected and actual refined product prices. In addition, future developments from management’s evaluation of strategic alternatives for the refinery (including a potential sale) could significantly impact management’s asset impairment
assumptions. Should management determine that the refinery is impaired, the resulting impairment loss could be material to the Business’ results of operations. 
 Taxes Other than Income Taxes 
 Taxes other than income taxes include liabilities for
use taxes and payroll taxes. 
 Income Taxes 
 Income taxes are accounted for under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences
between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. 

  
 9 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 Deferred amounts are measured using enacted tax rates expected to apply to taxable income in the year
those temporary differences are expected to be recovered or settled. 
 The Business pays the Parent the amount of its current federal income
tax liability as determined under a tax-sharing arrangement with the Parent; the accrual and payment of the current federal income tax liability is recorded in net parent investment in the financial statements in the year incurred. The current state
income tax liability of the Business is reflected in income taxes payable. 
 Historically, the Business’ results of operations have been
included in the consolidated federal income tax return filed by Valero and have been included in state income tax returns of subsidiaries of Valero. The income tax provision in the statements of income represents the current and deferred income
taxes that would have resulted if the Business were a stand-alone taxable entity filing its own income tax returns. Accordingly, the calculations of the current and deferred income tax provision necessarily require certain assumptions, allocations,
and estimates that management believes are reasonable to reflect the tax reporting for the Business as a stand-alone taxpayer. 
 The Business
has elected to classify any interest expense and penalties related to the underpayment of income taxes in income tax expense. 
 Asset
Retirement Obligations 
 The Business has asset retirement obligations with respect to certain of its refinery assets due to various
legal obligations to clean and/or dispose of various component parts at the time they are retired. As of December 31, 2009, the Business had recorded asset retirement obligations related to certain pond closures and a landfill closure.

 In addition to these recorded asset retirement obligations, the Business has asset retirement obligations with respect to certain other
component parts of its refinery assets. However, those component parts can be used for extended and indeterminate periods of time as long as they are properly maintained and/or upgraded. It is management’s practice and current intent to
maintain those refinery assets and continue making improvements to those assets based on technological advances. As a result, management believes that those refinery assets have an indeterminate life for purposes of estimating asset retirement
obligations because dates or ranges of dates upon which such refinery assets would be retired cannot be reasonably estimated at this time. When a date or range of dates can be reasonably estimated for the retirement of any component part of those
refinery assets, an estimate of the cost of performing the retirement activities will be determined and a liability will be recorded for the fair value of that cost using established present value techniques. 

Environmental Matters 

Liabilities for future remediation costs are recorded when environmental assessments and/or remedial efforts are probable and the costs can be reasonably
estimated. Other than for assessments, the timing and magnitude of these accruals generally are based on the completion of investigations or other studies or a commitment to a formal plan of action. Environmental liabilities are based on best
estimates of probable undiscounted future costs over a 20-year time period using currently available technology and applying current regulations, as well as the Business’ own internal environmental policies. Amounts recorded for environmental
liabilities are not reduced by possible recoveries from third parties. 

  
 10 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 Net Parent Investment 
 The net parent investment represents a net amount consisting of the Parent’s initial investment in the Business and subsequent adjustments resulting from the operations of the Business and various
transactions between the Business and Valero. The Business participates in the Parent’s centralized cash management program under which all of the Business’ cash receipts are remitted to and all cash disbursements are funded by the Parent.
Other transactions affecting the net parent investment include general and administrative expenses incurred by Valero and allocated to the Business. There are no terms of settlement or interest charges associated with the net parent investment.

 Comprehensive Income 

The Business has reported no comprehensive income due to the absence of items of other comprehensive income in the periods presented. 

Revenue Recognition 
 Revenues are
recorded by the Business upon delivery of the refined products to the Parent, which is the point at which title to the products is transferred. 

Cost of Sales 
 Cost of sales
includes the cost of feedstock acquired for processing by the Business, including transportation costs to deliver the feedstock to the refinery. 
 Operating Expenses 
 Operating expenses consist primarily of labor costs of refinery
personnel, maintenance, fuel and power costs, chemical and catalyst costs, and third-party services. Such expenses are recognized as incurred. 

Stock-Based Compensation 

Employees of the Business participate in various employee benefit plans of the Parent, including certain stock-based compensation plans as discussed in
Note 11. Compensation expense for awards under the stock-based compensation plans is based on the fair value of the awards granted and is recognized in the statements of income on a straight-line basis over the requisite service period of each
award. For new grants that have retirement-eligibility provisions, the Business uses the substantive vesting period approach, under which compensation cost is recognized immediately for awards granted to retirement-eligible employees or over the
period from the grant date to the date retirement eligibility is achieved if that date is expected to occur before the nominal vesting periods of the awards is fulfilled. 
 Segment Disclosures 
 The Business operates in only one segment, the refining segment
of the oil and gas industry. 
 Financial Instruments 
 The Business’ financial instruments include cash, receivables, and payables. The estimated fair values of these financial instruments approximate their carrying amounts. 

  
 11 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 3. INVENTORIES 
 Inventories consisted of the following (in thousands): 
  

									
	 	  	December 31,	 
	 	  	2009	 	  	2008	 
	 Refinery feedstocks
	  	$	55,552	  	  	$	79,325	  
	 Refined products and blendstocks
	  	 	108,488	  	  	 	118,358	  
	 Materials and supplies
	  	 	12,522	  	  	 	11,812	  
		  	  
	  
	 	  	  
	  
	 
	 Inventories
	  	$	176,562	  	  	$	209,495	  
		  	  
	  
	 	  	  
	  
	 

 Refinery feedstock and refined product and blendstock inventory volumes totaled 3.5 million barrels and
4.2 million barrels as of December 31, 2009 and 2008, respectively. A reduction in inventory volumes during 2009 and 2007 resulted in a liquidation of LIFO inventory layers that were established in prior years. The effect of these
liquidations was to decrease cost of sales by $33.6 million and $40.6 million, respectively, for the years ended December 31, 2009 and 2007. There was no liquidation of LIFO inventory layers for the year ended December 31, 2008.

 As of December 31, 2009 and 2008, the replacement cost (market value) of LIFO inventories exceeded their LIFO carrying amounts by
approximately $108.1 million and $15.6 million, respectively. 
 4. PROPERTY, PLANT AND EQUIPMENT 

Major classes of property, plant and equipment consisted of the following (in thousands): 

 

													
	 	  	Estimated
Useful 
Lives	 	  	December 31,	 
	 	  	  	2009	 	 	2008	 
	 Land
	  				  	$	7,564	  	 	$	7,564	  
	 Crude oil processing facilities
	  	 	28 years	  	  	 	1,389,099	  	 	 	1,214,344	  
	 Buildings
	  	 	44 – 47 years	  	  	 	3,005	  	 	 	3,005	  
	 Precious metals
	  				  	 	4,349	  	 	 	4,125	  
	 Other
	  	 	5 – 25 years	  	  	 	51,474	  	 	 	47,005	  
	 Construction in progress
	  				  	 	61,801	  	 	 	157,530	  
		  				  	  
	  
	 	 	  
	  
	 
	 Property, plant and equipment, at cost
	  				  	 	1,517,292	  	 	 	1,433,573	  
	 Accumulated depreciation
	  				  	 	(302,693	) 	 	 	(250,834	) 
		  				  	  
	  
	 	 	  
	  
	 
	 Property, plant and equipment, net
	  				  	$	1,214,599	  	 	$	1,182,739	  
		  				  	  
	  
	 	 	  
	  
	 

 The Business is leasing an oxygen facility under a capital lease that is discussed further in Note 12. The capital lease,
which is included above in “other,” had a net book value of $0.2 million, net of accumulated amortization of $0.1 million, as of both December 31, 2009 and 2008. 
 Depreciation expense for the years ended December 31, 2009, 2008, and 2007 was $52.1 million, $44.3 million, and $42.3 million, respectively. 
 Management continually evaluates all of the refinery’s capital projects in progress during their construction, which at times results in the cancellation of certain of such projects. The cancellation
of 

  
 12 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 various capital projects became more significant in 2009, as the economic slowdown that began in 2008
continued throughout 2009, thereby impacting demand for refined products and putting significant pressure on refined product margins. For the years ended December 31, 2009 and 2008, project costs totaling $8.5 million and $0.7 million,
respectively, were written off. 
 In addition to capital projects that have been written off, construction activity on various other projects
has been suspended until market conditions and cash flows improve. As of December 31, 2009, various projects with a total cost of approximately $56 million have been temporarily suspended. These costs have not been written off, as management
believes that the overall market conditions and cash flows of the refinery will improve in the future such that the completion and recoverability of these temporarily suspended projects is probable. 

5. DEFERRED CHARGES AND OTHER ASSETS 

Deferred charges and other assets consisted of the following (in thousands): 

 

									
	 	  	December 31,	 
	 	  	2009	 	  	2008	 
	 Deferred refinery turnaround costs, net of accumulated amortization
	  	$	47,425	  	  	$	40,723	  
	 Deferred catalyst costs, net of accumulated amortization
	  	 	119	  	  	 	584	  
	 Process royalties, net of accumulated amortization
	  	 	33	  	  	 	50	  
		  	  
	  
	 	  	  
	  
	 
	 Deferred charges and other assets, net
	  	$	47,577	  	  	$	41,357	  
		  	  
	  
	 	  	  
	  
	 

 6. ACCRUED EXPENSES 
 Accrued expenses consisted of the following (in thousands): 
  

									
	 	  	December 31,	 
	 	  	2009	 	  	2008	 
	 Severance liabilities
	  	$	9,822	  	  	$	—  	  
	 Environmental liabilities
	  	 	1,405	  	  	 	1,405	  
	 Employee wage and benefit costs
	  	 	567	  	  	 	2,755	  
	 Other
	  	 	392	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 
	 Accrued expenses
	  	$	12,186	  	  	$	4,160	  
		  	  
	  
	 	  	  
	  
	 

 The severance liabilities as of December 31, 2009 resulted from a reduction in the Business’ workforce of
approximately 100 individuals in the fourth quarter of 2009, primarily related to an early retirement program. 

  
 13 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 7. OTHER LONG-TERM LIABILITIES 
 Other long-term liabilities consisted of the following (in thousands): 
  

									
	 	  	December 31,	 
	 	  	2009	 	  	2008	 
	 Environmental liabilities
	  	$	13,603	  	  	$	15,111	  
	 Asset retirement obligations
	  	 	11,807	  	  	 	12,361	  
	 Tax liabilities other than income taxes
	  	 	5,591	  	  	 	10,561	  
	 Tax liabilities for uncertain income tax positions
	  	 	2,323	  	  	 	2,756	  
	 Legal and regulatory liabilities
	  	 	2,166	  	  	 	2,075	  
		  	  
	  
	 	  	  
	  
	 
	 Other long-term liabilities
	  	$	35,490	  	  	$	42,864	  
		  	  
	  
	 	  	  
	  
	 

 Environmental liabilities reflect the long-term portion of the Business’ estimated remediation costs for
environmental matters as discussed in Note 12. Tax liabilities other than income taxes include long-term liabilities for sales and use taxes as well as related penalties and interest accrued on these tax-related liabilities. 

The table below reflects the changes in asset retirement obligations of the Business (in thousands). See Note 2 under “Asset Retirement
Obligations” for a discussion of the liability related to these obligations. 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	 	2007	 
	 Balance as of beginning of year
	  	$	12,361	  	 	$	15,047	  	 	$	19,571	  
	 Accretion expense
	  	 	—  	  	 	 	—  	  	 	 	333	  
	 Settlements
	  	 	(554	) 	 	 	(2,686	) 	 	 	(9,161	) 
	 Changes in timing and amount of estimated cash flows
	  	 	—  	  	 	 	—  	  	 	 	4,304	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Balance as of end of year
	  	$	11,807	  	 	$	12,361	  	 	$	15,047	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 14 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 8. SUPPLEMENTAL CASH FLOW INFORMATION 
 In order to determine net cash provided by (used in) operating activities, net income (loss) is adjusted by, among other things, changes in current assets and current liabilities as follows (in
thousands): 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	 	2007	 
	 Decrease (increase) in current assets:
	  				 				 			
	 Accounts receivable
	  	$	(218	) 	 	$	191	  	 	$	(169	) 
	 Inventories
	  	 	32,933	  	 	 	(58,849	) 	 	 	41,356	  
	 Prepaid expenses
	  	 	(214	) 	 	 	15	  	 	 	(839	) 
	 Increase (decrease) in current liabilities:
	  				 				 			
	 Accounts payable
	  	 	(30,982	) 	 	 	13,972	  	 	 	11,912	  
	 Accrued expenses
	  	 	8,026	  	 	 	(1,166	) 	 	 	1,637	  
	 Taxes other than income taxes
	  	 	(123	) 	 	 	(19	) 	 	 	79	  
	 Income taxes payable
	  	 	(14,328	) 	 	 	11,867	  	 	 	1,097	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Changes in current assets and current liabilities
	  	$	(4,906	) 	 	$	(33,989	) 	 	$	55,073	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 The above changes in current assets and current liabilities differ from changes between amounts reflected in the
applicable balance sheets for the respective periods for the following reasons: 
  

	 	•	 	 the amounts shown above exclude changes in cash, deferred income taxes, and current portion of capital lease obligation, and

  

	 	•	 	 amounts accrued for capital expenditures and deferred turnaround and catalyst costs are reflected in investing activities in the statements of cash
flows when such amounts are paid. 

 Cash flows related to interest and income taxes were as follows (in thousands):

  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	  	2007	 
	 Income taxes paid, net of tax refunds received
	  	$	(86,066	) 	 	$	88,849	  	  	$	47,329	  
	 Interest paid (net of amount capitalized)
	  	 	9	  	 	 	5,053	  	  	 	(3,957	) 

  
 15 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 9. INCOME TAXES 
 The amounts presented below relate only to the Business and were calculated as if the Business filed separate federal and state income tax returns. 

Components of income tax expense (benefit) were as follows (in thousands): 

 

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	  	2007	 
	 Current:
	  				 				  			
	 Federal
	  	$	(100,394	) 	 	$	86,389	  	  	$	45,965	  
	 State
	  	 	—  	  	 	 	14,328	  	  	 	2,460	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total current
	  	 	(100,394	) 	 	 	100,717	  	  	 	48,425	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Deferred:
	  				 				  			
	 Federal
	  	 	33,353	  	 	 	18,486	  	  	 	12,345	  
	 State
	  	 	(19,545	) 	 	 	12,242	  	  	 	11,977	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total deferred
	  	 	13,808	  	 	 	30,728	  	  	 	24,322	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Income tax expense (benefit)
	  	$	(86,586	) 	 	$	131,445	  	  	$	72,747	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

 The following is a reconciliation of total income tax expense (benefit) to income taxes computed by applying the
statutory federal income tax rate (35% for all periods presented) to income (loss) before income tax expense (benefit) (in thousands): 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	 	2007	 
	 Federal income tax expense (benefit) at the U.S. statutory rate
	  	$	(78,466	) 	 	$	119,068	  	 	$	64,899	  
	 U.S. state income tax expense (benefit), net of U.S. federal income tax effect
	  	 	(12,704	) 	 	 	17,270	  	 	 	9,384	  
	 U.S. manufacturing deduction
	  	 	4,200	  	 	 	(5,562	) 	 	 	(2,795	) 
	 Other, net
	  	 	384	  	 	 	669	  	 	 	1,259	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Income tax expense (benefit)
	  	$	(86,586	) 	 	$	131,445	  	 	$	72,742	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 16 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 The tax effects of significant temporary differences representing deferred income tax assets and
liabilities were as follows (in thousands): 
  

									
	 	  	December 31,	 
	 	  	2009	 	 	2008	 
	 Deferred income tax assets:
	  				 			
	 Tax credit carryforwards
	  	$	650	  	 	$	—  	  
	 Net operating losses
	  	 	16,184	  	 	 	—  	  
	 Environmental liabilities
	  	 	6,131	  	 	 	6,747	  
	 Compensation and employee benefit liabilities
	  	 	3,214	  	 	 	2,407	  
	 Other assets
	  	 	3,695	  	 	 	5,026	  
		  	  
	  
	 	 	  
	  
	 
	 Total deferred income tax assets
	  	 	29,874	  	 	 	14,180	  
		  	  
	  
	 	 	  
	  
	 
			
	 Deferred income tax liabilities:
	  				 			
	 Inventories
	  	 	(18,207	) 	 	 	(18,444	) 
	 Property, plant and equipment
	  	 	(275,404	) 	 	 	(246,844	) 
	 Turnarounds
	  	 	(19,373	) 	 	 	(16,635	) 
	 Other
	  	 	—  	  	 	 	(999	) 
		  	  
	  
	 	 	  
	  
	 
	 Total deferred income tax liabilities
	  	 	(312,984	) 	 	 	(282,922	) 
		  	  
	  
	 	 	  
	  
	 
	 Net deferred income tax liabilities
	  	$	(283,110	) 	 	$	(268,742	) 
		  	  
	  
	 	 	  
	  
	 

 The following is a reconciliation of the change in unrecognized tax benefits, excluding the effect of related penalties
and interest and the federal tax effect of state unrecognized tax benefits (in millions): 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	 	2007	 
	 Balance as of beginning of year
	  	$	2,234	  	 	$	3,028	  	 	$	4,017	  
	 Reductions for tax positions related to prior years
	  	 	(566	) 	 	 	(794	) 	 	 	(989	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Balance as of end of year
	  	$	1,668	  	 	$	2,234	  	 	$	3,028	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 10. RELATED-PARTY TRANSACTIONS 
 Related-party transactions of the Business include the purchase of feedstocks by the Business from Valero, operating revenues received by the Business from its sales of refined products to Valero, and the
allocation of insurance and security costs and certain general and administrative costs from Valero to the Business. Purchases of feedstock by the Business from Valero are recorded at the cost paid to third parties by Valero. Sales of refined
products from the Business to Valero are recorded at intercompany transfer prices, which are market prices adjusted by quality, location, and other differentials on the date of the sale. General and administrative costs are charged by Valero to the
Business based on management’s determination of such costs attributable to the operations of the Business. However, such related-party transactions cannot be presumed to be carried out on an arm’s length basis as the requisite conditions
of competitive, free-market dealings may not exist. For purposes of these financial statements, payables and receivables related to transactions between the Business and Valero are included as a component of the net parent investment. 

  
 17 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 The Business participates in the Parent’s centralized cash management program under which cash
receipts and cash disbursements are processed through the Parent’s cash accounts with a corresponding credit or charge to an intercompany account. This intercompany account is included in the net parent investment. 

As discussed above, Valero provides the Business with certain general and administrative services, including the centralized corporate functions of
legal, accounting, treasury, environmental, engineering, information technology, and human resources. For these services, Valero charges the Business a portion of its total general and administrative expenses incurred in the U.S. The general and
administrative expenses in the statements of income represent the amount of such costs allocated to the Business for the periods presented, with this allocation based on investments in property, operating revenues, and payroll expenses. Management
believes that the amount of general and administrative expenses allocated to the Business is a reasonable approximation of the costs related to the Business. 
 The following table summarizes the related-party transactions of the Business (in thousands): 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	  	2008	 	  	2007	 
	 Revenues
	  	$	3,549,517	  	  	$	6,448,379	  	  	$	4,927,174	  
	 Cost of sales
	  	 	3,412,896	  	  	 	5,712,832	  	  	 	4,374,423	  
	 Operating expenses
	  	 	3,542	  	  	 	4,232	  	  	 	4,349	  
	 General and administrative expenses
	  	 	15,594	  	  	 	15,619	  	  	 	16,414	  

 11. EMPLOYEE BENEFIT PLANS 
 Employees who work for the Business are included in the various employee benefit plans of the Parent. These plans include qualified, non-contributory defined benefit retirement plans, defined contribution
plans, employee and retiree medical, dental, and life insurance plans, incentive plans (i.e., stock options, restricted stock, and bonuses), and other such benefits. For the purposes of these financial statements, the Business is considered to be
participating in multi-employer benefit plans of the Parent. 
 The Business’ allocated share of the Parent’s employee benefit plan
expenses, excluding costs related to the incentive plans (which are disclosed separately below), was $21.5 million, $17.1 million, and $19.3 million for the years ended December 31, 2009, 2008, and 2007, respectively. For the incentive plans,
the Business was charged with the bonus, stock option, and restricted stock expense directly attributable to its employees. The bonus, stock option, and restricted stock expenses charged to the Business for each period were as set out below (in
thousands): 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	  	2008	 	  	2007	 
	 Bonus
	  	$	2,205	  	  	$	2,597	  	  	$	6,510	  
	 Stock options
	  	 	1,359	  	  	 	1,431	  	  	 	1,992	  
	 Restricted stock
	  	 	734	  	  	 	549	  	  	 	608	  

 Employee benefit plan expenses incurred by the Business are included in operating expenses with the related payroll
costs. 

  
 18 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 12. COMMITMENTS AND CONTINGENCIES 
 Leases 
 The Business has long-term operating lease commitments for office facilities
and office equipment. In most cases, the Business expects that in the normal course of business, its leases will be renewed or replaced by other leases. 
 The Business leases an oxygen facility under an agreement accounted for as a capital lease. The lease expires in May 2015. 
 As of December 31, 2009, future minimum rentals for leases having initial or remaining noncancelable lease terms in excess of one year were as follows (in thousands): 

 

									
	 	  	Operating	 	  	Capital	 
	 	  	Leases	 	  	Lease	 
	 2010
	  	$	1,705	  	  	$	33	  
	 2011
	  	 	1,594	  	  	 	33	  
	 2012
	  	 	1,586	  	  	 	34	  
	 2013
	  	 	1,610	  	  	 	34	  
	 2014
	  	 	1,634	  	  	 	34	  
	 Remainder
	  	 	3,622	  	  	 	14	  
		  	  
	  
	 	  	  
	  
	 
	 Total minimum rental payments
	  	$	11,751	  	  	 	182	  
		  	  
	  
	 	  			
	 Less interest expense
	  				  	 	(23	) 
		  				  	  
	  
	 
	 Capital lease obligation
	  				  	$	159	  
		  				  	  
	  
	 

 Rental expense for all operating leases was $14.5 million, $13.8 million and $15.5 million for the years ended
December 31, 2009, 2008, and 2007, respectively. 
 Environmental Matters 

In connection with the acquisition of the Paulsboro Refinery in 1998, Valero assumed certain environmental liabilities including, but not limited to,
certain remediation obligations related primarily to clean-up costs associated with groundwater contamination, landfill closure and post-closure monitoring costs, and tank farm spill prevention costs. 

The balance of and changes in the accruals for environmental matters, which are principally included in other long-term liabilities described in Note 7,
were as follows (in thousands): 
  

													
	 	  	Year Ended December 31,	 
	 	  	2009	 	 	2008	 	 	2007	 
	 Balance as of beginning of year
	  	$	16,516	  	 	$	18,617	  	 	$	22,630	  
	 Adjustments to estimates
	  	 	—  	  	 	 	—  	  	 	 	6	  
	 Payments, net of third-party recoveries
	  	 	(1,508	) 	 	 	(2,101	) 	 	 	(4,019	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Balance as of end of year
	  	$	15,008	  	 	$	16,516	  	 	$	18,617	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 19 

 PAULSBORO REFINING BUSINESS 

NOTES TO FINANCIAL STATEMENTS (Continued) 
  

 The balance of accruals for environmental matters is included in the balance sheets as follows (in
thousands): 
  

									
	 	  	December 31,	 
	 	  	2009	 	  	2008	 
	 Accrued expenses
	  	$	1,405	  	  	$	1,405	  
	 Other long-term liabilities
	  	 	13,603	  	  	 	15,111	  
		  	  
	  
	 	  	  
	  
	 
	 Liabilities for environmental matters
	  	$	15,008	  	  	$	16,516	  
		  	  
	  
	 	  	  
	  
	 

 Litigation Matters 
 MTBE Litigation 
 As of June 7, 2010, Valero and several of its subsidiaries were named
in numerous cases involving claims related to MTBE contamination in groundwater based on the manufacture, marketing and supply of gasoline containing MTBE. With respect to the historic operations at the Paulsboro Refinery, 31 of these cases may
involve allegations of liability for gasoline containing MTBE manufactured at the Paulsboro Refinery. The Valero subsidiary that owns the Paulsboro Refinery has been named in two of the cases along with Valero and other Valero subsidiaries, and
potential liability of the Paulsboro Refinery in the other 29 cases is otherwise attributable to its affiliation with Valero. The plaintiffs are generally water providers, governmental authorities, and private water companies alleging that refiners
and marketers of MTBE and gasoline containing MTBE are liable for manufacturing or distributing a defective product. Valero has been named in these lawsuits together with many other refining industry companies. Valero is being sued primarily as a
refiner and marketer of MTBE and gasoline containing MTBE. Valero does not own or operate gasoline station facilities in most of the geographic locations in which damage is alleged to have occurred. The lawsuits generally seek individual,
unquantified compensatory and punitive damages, injunctive relief, and attorneys’ fees. Many of the cases are pending in federal court and are consolidated for pre-trial proceedings in the U.S. District Court for the Southern District of New
York (Multi-District Litigation Docket No. 1358, In re: Methyl-Tertiary Butyl Ether Products Liability Litigation). Seventeen cases are pending in state court. Discovery is open in all cases. Valero has reached a settlement in principal
of 25 of the 31 cases arising from the States of New York and Florida. Valero believes that it has strong defenses to all claims and is vigorously defending the lawsuits. Although Valero has recorded a loss contingency liability with respect to the
MTBE litigation portfolio, the Business has not recorded a liability for this litigation. 
 The Business is also a party to other claims and
legal proceedings arising in the ordinary course of business. Management believes that there is only a remote likelihood that future costs related to known contingent liabilities related to these legal proceedings would have a material adverse
impact on the results of operations or financial position of the Business. 

  
 20 

 Schedule 4.3(c) 

Real Property Leases 
  

	1.	Over the course of the last year, the Company has been negotiating a new lease with ExxonMobil, as landlord, and Valero Refining Company-New Jersey, as tenant, for a
pump station at property owned by ExxonMobil adjacent to the Refinery. Under the terms of Section 11.1 of the Utility Services Agreement executed by the Company and Mobil in 1998, ExxonMobil is obligated to supply to the Refinery gasoline for
Refinery vehicles from ExxonMobil’s tankage via a metered pipeline to Valero’s fuel supply line and dispensing pump; the parties are documenting that obligation in this agreement. 

 Schedule 4.3(d) 

Fixed Assets as of 6/30/10 
 (See attached). 

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 Asset
	 	Cap.date	  	Asset description
	 20039381
	 	7/1/2009	  	ISL 5G2 Auto D86 Analyzer
	 20039382
	 	7/1/2009	  	ISL 5G2 Auto D86 Analyzer - Serial #4141
	 20039383
	 	7/1/2009	  	ISL 5G2 Auto PM Flash Analyzer - Serial #1886
	 20039384
	 	7/1/2009	  	Mettler-Toledo RE40D Refractometer - #MAD77387
	 20039385
	 	7/1/2009	  	Benchmark 2000 Centrifuge - Serial #70507
	 20039386
	 	7/1/2009	  	AC Fast DHA Analyzer - CN 10725032
	 20039387
	 	7/1/2009	  	AC D2887 Sim Dist Analyzer - CN 10740007
	 20039388
	 	7/1/2009	  	AC D2887 Sim Dist Analyzer - CN 10740006
	 20039389
	 	7/1/2009	  	Grabner Mini-Vol-LVR TV/L Tester - 19-300-0200
	 20039390
	 	7/1/2009	  	Alcor MCRT-160 Tester- Serial #1465-0737
	 20039391
	 	7/1/2009	  	Antek 9000VS Sulfur Analyzer - Serial #07G2206
	 20039392
	 	7/1/2009	  	NACE Bath - Serial #R62180097
	 20039398
	 	7/28/2009	  	Horizon 4790 Add-On CE Extractor - Serial #05-0645
	 20039399
	 	7/28/2009	  	PMD 100 Micro Distillation Analyzer - Serial #649
	 20039400
	 	7/28/2009	  	Brinkmann Titrino Model 798
	 20039401
	 	7/28/2009	  	Mettler-Toledo RE40D Refractometer- #MAE08316
	 20039402
	 	7/28/2009	  	DT100C Fuel Color & Dye Analyzer - Serial #40579
	 20039403
	 	7/28/2009	  	Horizon 4790 Add-On CE Extractor - Serial #05-0644
			
	 Asset Class
	 	00002018	  	Lab Eqpt - Refining
			
	 Bal.sh.acct APC
	 	0000011700	  	        Lab Equipment-Refine
			
	 Asset
	 	Cap.date	  	Asset description
	 85000000
	 	5/31/2006	  	Capital Spare Parts
	 85000048
	 	9/30/2007	  	6042 - ALKY - PV 319 SPARE VALVE
	 85000052
	 	12/31/2007	  	OM 21-G-123 JET-TO-AIRPORT PB07018
	 85000054
	 	12/31/2007	  	E203 Exchanger Bundles PB07136
	 85000093
	 	6/19/2009	  	Coker Drill Stem Air Winch - Spare Part
	 85000142
	 	12/31/2009	  	IMPELLER,PMP,I/R,16ALV3DX116500
			
	 Asset Class
	 	00008500	  	Capital Spares - Ref
			
	 Bal.sh.acct APC
	 	0000023000	  	        Refinery Captl Spare
			
	 Asset
	 	Cap.date	  	Asset description
	 74000028
	 	1/1/2002	  	Paulsboro Prism Implementation
	 74000029
	 	1/1/2002	  	PB Yield Accounting-Best Practices
	 74000030
	 	1/1/2002	  	PB EH&S Standards and Best Practices Study
	 74000031
	 	1/1/2002	  	PB Common Data Base and Integration

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 74000067
	 	1/31/2003	  	Standardized Plant Performance Reporting
	 74000068
	 	7/31/2003	  	PB Contractor Workforce Management
	 74000084
	 	4/30/2003	  	PB Compliance Management
	 74000479
	 	3/31/2006	  	Paulsboro IPX to IP.21 Migration
	 74000562
	 	7/31/2006	  	Rollout of Whse Handheld Device/Barcode - PB
	 74000591
	 	8/31/2006	  	VMWare/SAN Implementation - PAULSBORO
	 74000658
	 	1/29/2007	  	Lab - Install Chrom. & Inst Interface PB
	 74000747
	 	11/30/2007	  	Refinery Tkt Imaging &Rpt Automation - PB
	 74000792
	 	12/31/2008	  	Policy & Procedure Manager Software - Policy Tech
			
	 Asset Class
	 	00007400	  	Minor Software - Ref
			
	 Bal.sh.acct APC
	 	0000034004	  	    Minor Software
			
	 Asset
	 	    Cap.date	  	Asset description
	 81000053
	 	6/1/2005	  	BOC LOX Agreement Capital Lease
			
	 Asset Class
	 	00008100	  	Cap Leases - Ref
			
	 Bal.sh.acct APC
	 	0000035000	  	    Capital Leases-Ref
			
	 Asset
	 	    Cap.date	  	Asset description
	 2020030
	 	8/31/1999	  	UOP Merox (LPG) Prepaid Royalty
	 2020031
	 	8/31/1999	  	UOP FCC Prepaid Royalty
	 2020032
	 	8/31/1999	  	UOP Merox (FCC&LSR Gasoline) Prpd Roylty
	 2020033
	 	8/31/1999	  	UOP FCC Prepaid Royalty
			
	 Asset Class
	 	00800000	  	Intan-Process Royal
			
	 Bal.sh.acct APC
	 	    0000093005	  	    Gross Process Royalt
			
	 Balance sheet item
	 	1	  	NOT ASSIGNED
			
	 Asset
	 	    Cap.date	  	Asset description
	 2031031
	 	8/31/2009	  	Planning
	 2031032
	 	3/31/2009	  	Engineering
	 2031033
	 	6/30/2010	  	Inspection
	 2031034
	 	7/31/2009	  	Materials
	 2031035
	 	5/31/2010	  	Safety
	 2031036
	 	5/31/2010	  	SWO’S

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 2031037
	    	7/31/2009	  	Equipment Rentals
	 2031038
	    	9/30/2009	  	Valero Labor
	 2031039
	    	10/31/2009	  	Contracts
	 2031041
	    	6/30/2010	  	Inst - Shop / Matl / OT
	 2031042
	    	6/30/2010	  	Elec - Shop / Matl / OT
	 2031084
	    	9/30/2009	  	Planning
	 2031087
	    	4/30/2009	  	Materials
	 2034419
	    	2/28/2010	  	Planning
	 2034420
	    	3/31/2010	  	Engineering
	 2034421
	    	5/31/2010	  	Inspection
	 2034422
	    	3/31/2010	  	Materials
	 2034423
	    	5/31/2010	  	Safety
	 2034424
	    	5/31/2010	  	SWO’S
	 2034425
	    	4/30/2010	  	Equipment Rentals
	 2034426
	    	3/31/2010	  	Valero Labor
	 2034427
	    	3/31/2010	  	Contracts
	 2034430
	    	5/31/2010	  	Elec - Shop / Matl / OT
	 2035426
	    	6/30/2010	  	Planning
			
	 Asset Class
	    	00200001    	  	        Trnrd in Prog (Auto)
			
	 Asset
	    	Cap.date	  	Asset description
	 2004010
	    	8/31/2003	  	WWT PLT—SOUTH AERATION BASIN 2003 T/A
	 2004011
	    	8/31/2003	  	2003 ALKY AES T/A
	 2004404
	    	11/26/2003	  	N2 GENERATOR OUTAGE
	 2004556
	    	9/30/2001	  	MLDW COMPLEX 2001 FALL T/A - LHDT
	 2005083
	    	5/31/2004	  	SPRING 2004 HPR T/A
	 2009091
	    	11/30/2005	  	SRU3 FALL 2005 T/A
	 2009240
	    	11/30/2005	  	TG-81 FALL 2005 T/A
	 2015341
	    	5/31/2006	  	NEW SOUTH FLARE 2006 T/A
	 2015347
	    	5/31/2006	  	SRU COMPLEX 2006 T/A—SRU2
	 2015348
	    	5/31/2006	  	SRU COMPLEX 2006 T/A—TG80
	 2015349
	    	5/31/2006	  	SRU COMPLEX 2006 T/A—SWS
	 2015350
	    	5/31/2006	  	SRU COMPLEX 2006 T/A—ARU
	 2015351
	    	5/31/2006	  	SRU COMPLEX 2006 T/A—FGDU
	 2015402
	    	5/31/2006	  	ALKY SPRING 2006 T/A
	 2015403
	    	5/31/2006	  	FCC SPRING 2006 T/A
	 2022044
	    	4/30/2007	  	CU6 2007 T/A
	 2022670
	    	6/30/2007	  	2007 GTG/HRSG T/A
	 2026124
	    	12/31/2007	  	FALL 2007 GASOLINE TREATER TURNAROUND PB07099T
	 2026125
	    	12/31/2007	  	CU7 FALL 2007 T/A PB07044T
	 2027163
	    	12/31/2007	  	FALL 2007 CHD2/FURF1/PDA TURNAROUND PB07098T
	 2031738
	    	5/19/2009	  	2009 Coker T/A

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 Asset Class
	    	00211000	 	  Deferred T/A Costs
			
	 Bal.sh.acct APC
	    	0000095005	 	      Def Turnaround Cost
			
	 Asset
	    	Cap.date	 	Asset description
	 2034763
	    	5/31/2010	 	Materials
	 2034766
	    	6/30/2010	 	Equipment Rentals
	 2034768
	    	5/31/2010	 	Contracts
			
	 Asset Class
	    	00220001	 	  Cytlst in Prog(Auto)
			
	 Asset
	    	Cap.date	 	Asset description
	 2006490
	    	11/30/2004	 	PTR SPENT CATALYST RECLAMATION
	 2007116
	    	3/31/2005	 	SRU2 2005 EMERGENCY CATALYST CHANGE
	 2009239
	    	11/30/2005	 	SRU3 FALL 2005 CATALYST CHANGEOUT
	 2015486
	    	5/31/2006	 	FGDU SPRING 2006 CATALYST CHANGE-OUT—R1
	 2015487
	    	5/31/2006	 	FGDU SPRING 2006 CATALYST CHANGE-OUT-R4
			
	 Asset Class
	    	00231000	 	  Deferred Catlst Cost
			
	 Bal.sh.acct APC
	    	0000095007	 	      Def Chg-Catalyst
			
	 Balance sheet item
	    	10	 	Deferred Charges and Other
			
	 Asset
	    	Cap.date	 	Asset description
	 20000655
	    	9/16/1998	 	Distributive Contr
	 20000656
	    	9/16/1998	 	Crude Unit #6
	 20000657
	    	9/16/1998	 	Crude Unit #7
	 20000658
	    	9/16/1998	 	Dehexaniser #5
	 20000659
	    	9/16/1998	 	Delayed Coking Unit
	 20000660
	    	9/16/1998	 	Platinum Reformer
	 20000661
	    	9/16/1998	 	Fluid Catalytic Cracker
	 20000662
	    	9/16/1998	 	HF Alkylation Unit
	 20000663
	    	9/16/1998	 	Unsaturated Gas Plant
	 20000664
	    	9/16/1998	 	Catalytic Hydrotreating I
	 20000665
	    	9/16/1998	 	Catalytic Hydrotreating II
	 20000666
	    	9/16/1998	 	Furfural Unit I
	 20000667
	    	9/16/1998	 	Furfural Unit II
	 20000668
	    	9/16/1998	 	Propane Deasphalter
	 20000669
	    	9/16/1998	 	Lube Hydrotreater

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20000670
	    	9/16/1998	  	Mobil Lube Dewaxer
	 20000671
	    	9/16/1998	  	Asphalt Base Sales
	 20000672
	    	9/16/1998	  	Amine System
	 20000673
	    	9/16/1998	  	Hydrogen Plant
	 20000674
	    	9/16/1998	  	Recovery Wells - Lt.
	 20000675
	    	9/16/1998	  	Sulfur Recovery Unit I
	 20000676
	    	9/16/1998	  	Sulfur Recovery Unit lI
	 20000677
	    	9/16/1998	  	Sulfur Recovery Unit III
	 20000678
	    	9/16/1998	  	Tail Gas 80
	 20000679
	    	9/16/1998	  	Tail Gas 81
	 20000680
	    	9/16/1998	  	Sour Water Stripper
	 20000681
	    	9/16/1998	  	Waste Water Treatment
	 20000682
	    	9/16/1998	  	Slop Oil Recovery
	 20000683
	    	9/16/1998	  	Benzene Recovery
	 20000684
	    	9/16/1998	  	Indri/Direct Blending/Packaging
	 20000685
	    	9/16/1998	  	North Flare
	 20000686
	    	9/16/1998	  	South Flare
	 20000687
	    	9/16/1998	  	Utility Fuel System
	 20000688
	    	9/16/1998	  	Recycled Water System
	 20000689
	    	9/16/1998	  	Compressed Air System
	 20000690
	    	9/16/1998	  	Cogen Facility
	 20000691
	    	9/16/1998	  	Electric Distribution
	 20000692
	    	9/16/1998	  	Electric Generation
	 20000693
	    	9/16/1998	  	Steam Distribution
	 20000694
	    	9/16/1998	  	900 lb. Steam
	 20000695
	    	9/16/1998	  	Water Intake
	 20000696
	    	9/16/1998	  	Clariflocculator
	 20000697
	    	9/16/1998	  	Zeolite Treating
	 20000698
	    	9/16/1998	  	Cl Plant
	 20000699
	    	9/16/1998	  	#6 Water Treating
	 20000700
	    	9/16/1998	  	#4 Water Treating
	 20000701
	    	9/16/1998	  	Condensate Recovery
	 20000702
	    	9/16/1998	  	Drinking Water
	 20000703
	    	9/16/1998	  	#3 Water Treating
	 20000704
	    	9/16/1998	  	Cooling Tower Control
	 20000705
	    	9/16/1998	  	Cooling Tower 3
	 20000706
	    	9/16/1998	  	Cooling Tower 4
	 20000707
	    	9/16/1998	  	Cooling Tower 6
	 20000708
	    	9/16/1998	  	Cooling Tower 9
	 20000709
	    	9/16/1998	  	Cooling Tower 11
	 20000710
	    	9/16/1998	  	Cooling Tower 12
	 20000711
	    	9/16/1998	  	Cooling Tower 13
	 20000712
	    	9/16/1998	  	Cooling Tower 14
	 20000713
	    	9/16/1998	  	Refinery Lab
	 20000714
	    	9/16/1998	  	Rail System
	 20000715
	    	9/16/1998	  	East Oil Movement

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20000716
	    	9/16/1998	  	West Oil Movement
	 20000717
	    	9/16/1998	  	Wharf
	 20000718
	    	9/16/1998	  	Lube Stock Store
	 20000719
	    	9/16/1998	  	Lube/Wax Rec/Ship
	 20000721
	    	9/16/1998	  	Process Equip. T/A Planning
	 20000722
	    	9/16/1998	  	Process Equip. Trucks > 13000lb
	 20000723
	    	9/16/1998	  	Process Equip. Employee Relations
	 20000724
	    	9/16/1998	  	Safety
	 20000725
	    	9/16/1998	  	Fire Protection
	 20000726
	    	9/16/1998	  	Environmental Affairs
	 20000727
	    	9/16/1998	  	Security
	 20000728
	    	9/16/1998	  	Industrial Hygiene
	 20000729
	    	9/16/1998	  	Plant Engineering
	 20000730
	    	9/16/1998	  	Inspection
	 20000731
	    	9/16/1998	  	Process Equip. Operations Dept.
	 20000732
	    	9/16/1998	  	Process Equip. Operations Training
	 20000733
	    	9/16/1998	  	Gen. Refinery Exp.
	 20000734
	    	9/16/1998	  	Firewater Systems
	 20000735
	    	9/16/1998	  	Yard Roads
	 20000736
	    	9/16/1998	  	Process Equip. Office Mech. Equipment
	 20000737
	    	9/16/1998	  	Process Equip. Nonprocess Computers
	 20000738
	    	9/16/1998	  	Process Equip. Computer Coord.
	 20000739
	    	9/16/1998	  	Process Equip. Morc Additional D
	 20000740
	    	9/16/1998	  	Engineering Drawings
	 20000742
	    	12/31/1998	  	MLDW/CHD2 Access Platforms
	 20000743
	    	12/31/1998	  	PDA-C3 Compressor Emissions
	 20000744
	    	12/31/1998	  	Misc. December 1998 Closings
	 20000745
	    	1/31/1999	  	South Flare TV Monitors
	 20000746
	    	1/31/1999	  	FCC K2 Wet Gas Compressor Tl’s
	 20000747
	    	1/31/1999	  	Lab Sulfur Analyzer
	 20000748
	    	1/31/1999	  	Labcon V Octane Analyzer
	 20000749
	    	1/31/1999	  	OM Tiway U/G-Automation Development Engineering
	 20000750
	    	1/31/1999	  	Inorganic Analyzer
	 20000751
	    	2/28/1999	  	FCC Purchased VGO Flow Control
	 20000752
	    	2/28/1999	  	Condensate Return to Utility Plant
	 20000753
	    	2/28/1999	  	S-51 Tank Modifications
	 20000754
	    	2/28/1999	  	Alternative Natural Gas Feed
	 20000755
	    	2/28/1999	  	1997 DPCC Compliance & High Level Alarms
	 20000756
	    	2/28/1999	  	Electrical Distribution Reliability - Relay Upgr
	 20000757
	    	2/28/1999	  	Crude 6 Heater Combustion Controls
	 20000758
	    	2/28/1999	  	Asphalt Phase 3-Coker Light Charge Line Upgrade
	 20000759
	    	2/28/1999	  	Coke Cutting Interlocks
	 20000760
	    	2/28/1999	  	Furf II Solvent Recovery Debottleneck-Phase I
	 20000761
	    	2/28/1999	  	DCS Upgrade
	 20000762
	    	2/28/1999	  	PTR Vent Silencers
	 20000763
	    	2/28/1999	  	Asphalt Phase 3

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20000764
	    	2/28/1999	  	Tank Retention Ph2-Supplement
	 20000765
	    	2/28/1999	  	MLDW Additional Cooling-Phase 1
	 20000766
	    	2/28/1999	  	Heater Energy Conservation
	 20000767
	    	2/28/1999	  	Normal Butane Unloading Debottleneck
	 20000768
	    	2/28/1999	  	Furf I Reliability Improvements
	 20000769
	    	2/28/1999	  	North Flare Hydraulics
	 20000770
	    	2/28/1999	  	Coker Yield Improvements
	 20000771
	    	2/28/1999	  	Coker Reliability Project
	 20000772
	    	2/28/1999	  	Electrical Relay Test Set
	 20000773
	    	2/28/1999	  	MLDW/CHD2 Access Platforms
	 20000774
	    	2/28/1999	  	Coker K-210 Reliability Improvements
	 20000775
	    	2/28/1999	  	Purchase Computer Gateway
	 20000776
	    	2/28/1999	  	MLDW Compressor Lube/Seal Oil Turbine Improvement
	 20000777
	    	2/28/1999	  	CU6 52 TBD Improvements
	 20000778
	    	2/28/1999	  	Compspec Equip for Lube Base Stk Test
	 20000779
	    	2/28/1999	  	1969 Tank to Coker Pump
	 20000780
	    	2/28/1999	  	Capstan Replacement at Berth #1
	 20000781
	    	2/28/1999	  	Refinery Upgrades - MPL
	 20000782
	    	2/28/1999	  	TGU-81 Reliability Modification
	 20000783
	    	1/1/2000	  	COKER DECOKING CONSOLE
	 20000784
	    	1/1/2000	  	Asphalt Phase 5
	 20000785
	    	1/1/2000	  	SRU HOV Valve Upgrade (2)Ptr E101 Exchan
	 20000786
	    	1/1/2000	  	PDA Heater Upgrade
	 20000787
	    	1/1/2000	  	COKER RELIABILITY PSE II
	 20000804
	    	5/31/2000	  	PB General Processing Equipment
	 20000834
	    	9/30/2000	  	CU6 EXPANSION & YIELD IMPROVEMENTS
	 20000835
	    	9/30/2000	  	FCC Expansion and Yield Improvement
	 20000836
	    	9/30/2000	  	FCC K-1 MAB CONTROLS MODIFICATIONS
	 20000837
	    	9/30/2000	  	FCC K-1 MAIN AIR BLOWER MOTOR UPGRADE
	 20000838
	    	9/30/2000	  	FCC K-2 COMPRESSOR MODIFICATIONS
	 20000839
	    	9/30/2000	  	Coker On-Stream Decoking Control Station
	 20000840
	    	9/30/2000	  	CU7 WASH OIL STRAINERS
	 20000841
	    	9/30/2000	  	N3 STEAM TURBINE GENERATOR MAJOR OVERHAU
	 20000842
	    	9/30/2000	  	FCC MAIN COLUMN OVERHEAD COOLING
	 20000843
	    	9/30/2000	  	FCC REGENERATOR AIR RING COMPRESSORS
	 20000844
	    	9/30/2000	  	FCC REACTOR STRIPPER TRAYS
	 20000845
	    	9/30/2000	  	FCC Flue Gas Cooler (50-E-2)
	 20000846
	    	9/30/2000	  	FCC REGENERATOR CYCLONE MODS
	 20000847
	    	9/30/2000	  	SLUDGE HANDLING IMPROV PHS II-2842 TANK
	 20000848
	    	9/30/2000	  	FCC CONDENSATE BLOWDOWN UPGRADE
	 20000849
	    	9/30/2000	  	S-63 TANK RENOVATION
	 20000850
	    	9/30/2000	  	1999 DPCC High Level Alarms
	 20000851
	    	9/30/2000	  	Drainage Improvement Project
	 20000854
	    	9/30/2000	  	WEST TANK FARM ENCLOSED SEWER
	 20000855
	    	9/30/2000	  	FCC DMC INSTRUMENTATION
	 20000856
	    	9/30/2000	  	PTR GAS PLANT RFG UPGRADE

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20000857
	    	9/30/2000	  	FCC SNORT VALVE UPGRADE
	 20000858
	    	9/30/2000	  	ASPHALT PHASE IV
	 20000859
	    	9/30/2000	  	Water Tr Upg Power Supply & Site Prep
	 20000860
	    	9/30/2000	  	CRUDE UNIT 6 RELIABILITY IMPROVEMENTS
	 20000861
	    	9/30/2000	  	NC4 PIPING JUMPOVER
	 20000862
	    	9/30/2000	  	Tail Gas Unit 80 Reliability Improvement
	 20000863
	    	9/30/2000	  	WEST TANK FARM SEWER UPGRADE
	 20000864
	    	9/30/2000	  	FCC B-1 HEATERS CONTROLS MODIFICATIONS
	 20000865
	    	9/30/2000	  	CRUDE UNIT 6 ACAP
	 20000866
	    	9/30/2000	  	FCC ACAP
	 20000867
	    	9/30/2000	  	FCC MAB PCV POSITIONER UPGRADE
	 20000889
	    	12/31/2000	  	LAB EQUIPMENT UPGRADE
	 20000890
	    	12/31/2000	  	Hydrobin Modifications @ Coker
	 20000891
	    	12/31/2000	  	SRU COMPLEX RELIALBILITY IMPROVEMENTS
	 20000892
	    	12/31/2000	  	CHD1 VIBRATING LINE
	 20000893
	    	12/31/2000	  	HPR FALL 2000 RELIEF VALVE UPGRADE
	 20000894
	    	12/31/2000	  	SOUTH FLARE IGNITOR IMPROVEMENTS
	 20000895
	    	12/31/2000	  	PTR E101A/B EXCHANGER MODIFICATIONS
	 20000896
	    	12/31/2000	  	FCC CATALYST LOADING SYSTEM
	 20000897
	    	12/31/2000	  	Light Products & Lube Meter Installation
	 20000898
	    	12/31/2000	  	AMMONIA INJECTION SYSTEM @ FCC
	 20000899
	    	12/31/2000	  	EXTRACT SALES
	 20000900
	    	12/31/2000	  	LPG LOADING IMPROVEMENTS
	 20000901
	    	12/31/2000	  	GASOLINE TREATERS HYDRAULIC DEBOTTLENECK
	 20000902
	    	12/31/2000	  	COKER HGO TO S-34/BARGE FOR EXPORT SALES
	 20000903
	    	12/31/2000	  	PURCHASE LAB EQUIPMENT FOR NOACK TEST
	 20000906
	    	12/31/2000	  	PEI - FURF 2 RELIABILITY IMPROVEMENT
	 20000907
	    	12/31/2000	  	PEI - FURF 2 RELIABILITY IMPROVEMENT
	 20000914
	    	12/31/2000	  	FCC/ALKY RELIABILITY IMPROVEMENT
	 20000915
	    	12/31/2000	  	CHD1 B401 HEATER REPLACEMENT
	 20000916
	    	12/31/2000	  	CU7 PUMP RELIABILITY IMPROVEMENT
	 20000917
	    	12/31/2000	  	TANK HIGH LEVEL ALARMS
	 20000918
	    	12/31/2000	  	S-60 Tank Upgrades (API 653)
	 20000919
	    	12/31/2000	  	36” RIVER WATER INTAKE MAIN FLOWMETER
	 20000977
	    	5/31/2001	  	Level Gauging Upgrade-1700 Storage Tanks
	 20000978
	    	5/31/2001	  	2000 DPCC High Level Tank Alarms
	 20000985
	    	7/31/2001	  	Lab Equip Upgrade-Trace Sulfur Analyzer
	 20001023
	    	9/30/2001	  	CRUDE #7 HEAVY NEUTRAL SEAL FLUSH
	 20001024
	    	9/30/2001	  	FCC K-1,K-2,B-1 CONTROL PANEL UPGRADE
	 20001038
	    	9/30/2001	  	TANK UPGRADING (API-653) S-46 TK REPAIR
	 20001039
	    	9/30/2001	  	TANK 840 WATER DRAW IMPROVEMENTS & TA
	 20001044
	    	9/30/2001	  	PURCHASE LEASED/RENTAL SATELLITE TRAILER
	 20001045
	    	9/30/2001	  	TANK 840—NEW INSULATION
	 20001046
	    	9/30/2001	  	RELOCATE CAUSTIC INJECTION
	 20001048
	    	9/30/2001	  	ACCESS PLATFORMS AT 1700 BULLETS
	 20001049
	    	9/30/2001	  	NORTH PLANT EXCHANGER PAD-CLEAN/IMPROVE

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20001051
	    	9/30/2001	  	FCC REGENERATOR OXYGEN ENRICHMENT
	 20001053
	    	9/30/2001	  	BLENDED EXTRACTS LOADING-MARKET ENTRY
	 20001061
	    	9/30/2001	  	NORTH POND EFFLUENT DIVERSION TO API SEP
	 20001290
	    	10/31/2001	  	CU7 YIELD IMPROVEMENT
	 20001291
	    	10/31/2001	  	CU7 RELIABILITY IMPROVEMENTS
	 20001292
	    	10/31/2001	  	CU7 Preheat Modifications
	 20001308
	    	10/31/2001	  	2001 Mobil Earnout - PB
	 20001329
	    	12/31/2001	  	FURF 2 COKE PREVENTION
	 20001330
	    	12/31/2001	  	H2 Plant Reformer Tube Replacement
	 20001342
	    	12/31/2001	  	PDA RELIABILITY IMPROVEMENT FALL 2001 T/A
	 20001343
	    	12/31/2001	  	MLDW COMPLEX RELIABILITY IMPROVEMENT
	 20001344
	    	12/31/2001	  	FURF2 RELIABILITY FALL 2001 T/A
	 20001345
	    	12/31/2001	  	HYDROGEN PLANT PSA SYSTEM REVAMP
	 20001346
	    	12/31/2001	  	FURFURAL1 EXTRACT HEATER CONTROL UPGRADE
	 20001347
	    	12/31/2001	  	MLDW NEW REACTOR TRAYS
	 20001348
	    	12/31/2001	  	CU7 FALL2001 T/A BAD ACTOR EQUIP UPGRADE
	 20001349
	    	12/31/2001	  	CRUDE UNIT 7 FURNACE PIGGING FACILITIES
	 20001355
	    	12/31/2001	  	HYDROGEN PLANT COOLING
	 20001356
	    	12/31/2001	  	MLDW K-1 VIBRATION EQUIPMENT UPGRADE
	 20001429
	    	2/28/2002	  	FIRE SYSTEM UPGRADE-PHASE 1
	 20001502
	    	3/31/2002	  	S-74 TANK TURNAROUND—REPAIRS & UPGRADE
	 20001503
	    	3/31/2002	  	TANK 1474 REPAIR & RECOMMISIONING
	 20001505
	    	3/31/2002	  	PURCHASED ISO-BUTANE FLEXIBILITY
	 20001515
	    	3/31/2002	  	BUMPLESS TRANSFER-SUBSTATION 2 & 10A
	 20001541
	    	4/30/2002	  	FCC USGP DMCPLUS
	 20001542
	    	4/30/2002	  	FCC Reactor/Regen/Maincol DMCPLUS
	 20001543
	    	4/30/2002	  	New DO Analyzers for Aeration Basins
	 20001545
	    	10/31/2003	  	ELECTRICAL RELIABILITY IMPROVEMENTS
	 20001549
	    	4/30/2002	  	Purchase Rental Equipment-Portable Pumps
	 20001550
	    	4/30/2002	  	PURCH LEASED/RENTAL EQUIP—VEHICLE PURCH
	 20001551
	    	4/30/2002	  	COKER HEADCART REPLACEMENT/UPGRADE
	 20001552
	    	4/30/2002	  	SUBSTATION REBUILDS-WATER INTAKE LOAD CT
	 20001553
	    	4/30/2002	  	CU6 OVERFLASH LINE
	 20001573
	    	5/31/2002	  	MLDW RUNDOWN LINE
	 20001574
	    	5/31/2002	  	PURCHASE COOLING TOWER EQUIPMENT @FCC
	 20001580
	    	6/30/2002	  	DRY LINES TO COKER
	 20001592
	    	7/31/2002	  	OM TIWAY UPGRADE & AUTOMATION
	 20001611
	    	8/31/2002	  	CU7 LIGHTING IMPROVEMENTS
	 20001612
	    	8/31/2002	  	ALKYLATE WATER/WASH SYSTEM
	 20001653
	    	9/30/2002	  	FIRE SYSTEM UPGRADE—PHASE 2
	 20001659
	    	10/31/2002	  	FURF 2—FURFURAL COOLING FLEXIBILITY
	 20001661
	    	10/31/2002	  	TANK 2842 RENTAL REDUCTION
	 20001662
	    	10/31/2002	  	PURCHASE GODWIN PUMP @ API
	 20001663
	    	10/31/2002	  	COKER PUMP RENTAL REPLACEMENT
	 20001672
	    	11/29/2002	  	MOORING EQUIPMENT IMPROVEMENTS
	 20001673
	    	11/29/2002	  	COKER WET GAS COMPRESSOR SEAL UPGRADE

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20001674
	    	11/29/2002	  	COKER CLARIFIER PUMP RENTAL REPLACEMENT
	 20001683
	    	12/31/2002	  	Upgrade Refinery Cameras & Controls
	 20001686
	    	12/31/2002	  	H2 PLANT VALVE CHANGES
	 20001694
	    	1/31/2003	  	COKER WATER PURGE LINE
	 20001696
	    	1/31/2003	  	SRU COMPLEX H2S SENSOR REPL—PHASE 3
	 20001697
	    	1/28/2003	  	TANK 2869-PRIMARY & SECONDARY SEAL UPGRA
	 20001707
	    	2/28/2003	  	Replace G&W Oil Fused Cutouts-Sub MA
	 20001716
	    	3/31/2003	  	CHD1 POUR PT. DEPRESSANT ADDITIVE PUMPS
	 20025807
	    	6/30/2003	  	COKER AIR HOISTS INSTALLATION
	 20025808
	    	6/30/2003	  	N0 6 FO COOLING
	 20025809
	    	6/30/2003	  	DPCC TANK HIGH LEVEL ALARMS
	 20025812
	    	6/30/2003	  	TANK S-70 REPAIRS
	 20025822
	    	6/30/2003	  	NORTH FLARE TIP
	 20026113
	    	1/1/2003	  	CHD-2 DEBOTTLENECK TO 27.5KBD
	 20026114
	    	1/1/2003	  	LUBE OILLOADING FACILITIES
	 20026148
	    	9/30/2003	  	LAB EQUIPMENT UPGRADE—PHASE 2
	 20028335
	    	4/28/2003	  	FCC Reactor Cyclone & Trickle Valve Impv
	 20028337
	    	10/31/2003	  	Install Crude Resid Metering Line
	 20028424
	    	1/1/2004	  	UPGRADE CONTINUOUS EMISSION MONITORS
	 20028425
	    	1/2/2004	  	N-2 STEAM TURBINE GENERATOR REL’Y UPGRAD
	 20028427
	    	1/31/2004	  	COKER HEAD CART REPL/UPGRADE PROPOSAL
	 20028428
	    	1/31/2004	  	Low NOx Burners Phase 1- Utility Plant
	 20028429
	    	1/31/2004	  	N2 STG EFFICIENCY IMPROVEMENTS
	 20028430
	    	1/31/2004	  	BERTH 1 FOAM SYSTEM UPGRADE
	 20028435
	    	1/31/2004	  	REPLACE BUTANE & ALKYLATE BLEND METERS
	 20028440
	    	1/31/2004	  	SPENT CAUSTIC INJECTION—WWTP
	 20028448
	    	1/31/2004	  	COKER SLUDGE PROCESSING FACILITY
	 20028451
	    	1/31/2004	  	DPCC COMPLIANCE—SPILL CONTAINMENT 2002
	 20028460
	    	1/31/2004	  	DPCC COMPLIANCE—SPILL CONTAINMENT (2003)
	 20028461
	    	1/31/2004	  	G-64 PUMP BYPASS
	 20028462
	    	1/31/2004	  	G-6 PUMP BYPASS
	 20028463
	    	1/31/2004	  	STEAM TRAP IMPROVEMENT PROGRAM
	 20028464
	    	1/31/2004	  	PURCHASE COKER SLUDGE MIXING TK -PHASE 4
	 20028465
	    	1/31/2004	  	ALKY MAIN FRACTIONATOR FEED PUMP UPGRADE
	 20028466
	    	1/31/2004	  	CEMS UPGRADE FOR MARINE VAPOR RECOVERY
	 20028467
	    	1/31/2004	  	LARGE FLOW FIRE MONITORS
	 20028468
	    	1/31/2004	  	TANK S-64 NEW ROOF
	 20028673
	    	3/23/2004	  	CHD FIREPROOFING INSULATION
	 20028720
	    	4/20/2004	  	LAB EQUIPMENT REPLACEMENT 2003
	 20028743
	    	4/30/2004	  	TANK 1969 REPAIRS
	 20028744
	    	4/30/2004	  	UPGRADE FURF STORAGE TANK LEVEL GAUGING
	 20028802
	    	5/31/2004	  	PTR T/A SMALL PROJECTS CAPITAL
	 20028803
	    	5/31/2004	  	CHD 1 T/A SMALL CAPITAL PROJECTS
	 20028804
	    	5/31/2004	  	CHD PETRICO TO COALESCER CONVERSION
	 20028805
	    	5/31/2004	  	CU7 RESID STRAINER SAFETY UPGRADE
	 20028806
	    	10/31/2004	  	PTR K-104 COMPRESSOR INSTRUMENT UPGRADE

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20028808
	    	5/31/2004	  	CCR/FCC GASOLINE DESULFURIZATION-CCR
	 20028809
	    	5/31/2004	  	CCR/FCC GASOLINE DESULFURIZATION-FGDU
	 20028810
	    	5/31/2004	  	NHT HEATER REPLACEMENT
	 20031028
	    	7/31/2004	  	TANK 756 REPAIR
	 20031042
	    	7/31/2004	  	Reclass Precious Metals to Co 55
	 20031070
	    	8/31/2004	  	CHD-1 COOLING TOWER 9 VENTS
	 20031171
	    	9/30/2004	  	AIR RECEIVER BYPASS
	 20031278
	    	10/31/2004	  	PAULSBORO DOCK REPAIRS
	 20031283
	    	10/31/2004	  	FCC MAIN COLUMN BOTTOMS PUMP UPGRADE-PH4
	 20031284
	    	10/31/2004	  	TANK S-75 REPAIR
	 20031301
	    	10/31/2004	  	FCC Stack Gas Scrubber
	 20031304
	    	10/31/2004	  	FCC REGENERATOR OVERPRESSURE
	 20031305
	    	10/31/2004	  	INSTALL AMINE FLOW CHECK VALVES AT USGP
	 20031452
	    	12/31/2004	  	PHA-INTERFACE LEVEL PROTECT@CHD2 & COKER
	 20031453
	    	12/31/2004	  	GASOLINE BLENDER ON-LINE SULFUR ANALYZER
	 20031454
	    	12/31/2004	  	LSD ISOLATION VALVES FOR S-64
	 20031456
	    	12/31/2004	  	PIPING @ S-14 and S-34 TANKS
	 20031458
	    	12/31/2004	  	S-80/81 CROSSTIE FOR CCR FEED
	 20031459
	    	12/31/2004	  	CHD1 Reactors Sampling System Upgrade
	 20031461
	    	12/31/2004	  	Refinery Containment Improvements
	 20031484
	    	12/31/2004	  	STEAM TRAP IMPROVEMENT PROG - 2004
	 20031486
	    	12/31/2004	  	PHA ITEMS 2004—FIREPROFFING LHDT & CU7
	 20031487
	    	12/31/2004	  	PHA ITEMS 2004—FIREPRQFFING LHDT & CU7
	 20031491
	    	12/31/2004	  	Spare Valves for 83- K2A/B
	 20036080
	    	1/31/2005	  	VOC Seal Replacements
	 20036241
	    	12/31/2004	  	ERB ARO
	 20036242
	    	12/31/2004	  	North Pond ARO
	 20036255
	    	3/31/2005	  	PURCHASE OM PUMP & COMPRESSORS
	 20036256
	    	3/31/2005	  	DPCC 2004
	 20036298
	    	4/30/2005	  	TANK 1116 FOAM PIPING
	 20036299
	    	4/30/2005	  	BENZENE WASTE OPERATIONS NESHAP ENHANCE
	 20036300
	    	4/30/2005	  	CU6 GAS ABATEMENT
	 20036303
	    	4/30/2005	  	WWTP Unit Sewer Sump Pump Replacement
	 20036345
	    	5/31/2005	  	CCR Gas Plant (PTR) KO Pot Pump Replacement
	 20036362
	    	5/31/2005	  	GODWIN PUMP FOR FINISHED GASOLINE SERV.
	 20036475
	    	6/30/2005	  	DCS INFRASTRUCTURE UPGRADE PHASE 1 - MLDW
	 20036485
	    	6/30/2005	  	Finished Jet Filter Upgrade
	 20036486
	    	6/30/2005	  	JET FILTER RELIEF VALVE ENVIORNMENTAL UPGRADE
	 20036487
	    	6/30/2005	  	LUBE OIL RACK AIR ELIMINATORS UPGRADE
	 20036488
	    	6/30/2005	  	REROUTE CCR STRIPPER O/H LIQUID TO FGDU
	 20036490
	    	6/30/2005	  	CCR REGENERATOR TURNDOWN IMPROVEMENTS
	 20036492
	    	6/30/2005	  	WEST TK FARM SUBMERSIBLE SUMP PUMP @S-8
	 20036493
	    	6/30/2005	  	WEST TK FARM SUBMERSIBLE SUMP PUMP @S-10
	 20036494
	    	6/30/2005	  	WEST TK FARM SUBMERSIBLE SUMP PUMP @S-46
	 20036495
	    	6/30/2005	  	WEST TK FARM SUBMERSIBLE SUMP PUMP @S-54
	 20036496
	    	6/30/2005	  	WEST TK FARM SUBMERSIBLE SUMP PUMP @S-61

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20036498
	    	6/30/2005	  	WEST TK FARM SUBMERSIBLE SUMP PUMP @S-49
	 20036499
	    	6/30/2005	  	WEST TK FARM SUBMERS’ SUMP PUMP @S-7/S-8
	 20036614
	    	7/31/2005	  	FIREWATER UPGRADE—PHASE 3
	 20036639
	    	8/31/2005	  	UPGRADE COKER ACID GAS LINE
	 20036640
	    	8/31/2005	  	PURCHASE PORTABLE LUBE OIL PURIFIER UNIT
	 20036641
	    	8/31/2005	  	UPGRADE EMERGENCY STORM WATER CONVEYANCE
	 20036674
	    	9/30/2005	  	CRUDE #6 HIGH TAN CRUDE TREATMENT
	 20036676
	    	9/30/2005	  	NORTH PLANT RELIEF SYSTEMS & FLARE EVAL
	 20036677
	    	9/30/2005	  	REPLACE USGP REBOILER BUNDLES
	 20036678
	    	9/30/2005	  	TANK 1970 UPGRADE
	 20036681
	    	9/30/2005	  	DPCC 2005
	 20036682
	    	9/30/2005	  	MODIFY CONTACT TANKS
	 20036683
	    	9/30/2005	  	CCR SAFETY IMPROVEMENTS
	 20036710
	    	10/31/2005	  	TANK S-38 ROOF REPL & SLUDGE SLURRYING
	 20036724
	    	10/31/2005	  	DAF RUNDOWN LINE FLOW METER
	 20036774
	    	11/30/2005	  	REFINED OIL SAFETY & WINTERIZATION
	 20036781
	    	11/30/2005	  	CCR CATALYST LINE SKIN THERMOCOUPLE ADDI
	 20036844
	    	12/31/2005	  	REDESIGN SULPHUR LOOK BOXES in SRU2
	 20036845
	    	12/31/2005	  	REPAIRS TO SLOP OIL TANK 1920
	 20036847
	    	12/31/2005	  	COKER SOUR WATER HEADER
	 20036951
	    	12/31/2005	  	CCR TRANSFER LINES UPGRADE
	 20036955
	    	12/31/2005	  	Landfill Closure
	 20036958
	    	12/31/2005	  	CONDENSATE RECOVERY - NORTH PLANT
	 20036959
	    	12/31/2005	  	HIGH LEVEL SWITCH TANK 1116
	 20036965
	    	12/31/2005	  	EXTRACT CAPACITY UPGRADE
	 20036977
	    	12/31/2005	  	CHD1 F430 K/O Pot Level Control
	 20037030
	    	1/31/2006	  	MCB TO LCO JUMPOVER
	 20037067
	    	2/28/2006	  	CCR REGENERATOR CATALYST LOADING IMPROV
	 20037069
	    	2/28/2006	  	ADDITIONAL CCR BURN ZONE TI’S
	 20037089
	    	2/28/2006	  	REPLACE BLEND METERS
	 20037090
	    	2/28/2006	  	NORTH PLANT FUEL GAS ANALYZER
	 20037091
	    	2/28/2006	  	FIRE WATER SYS DIVISION VALVES REPL(SD1)
	 20037092
	    	2/28/2006	  	GTG LIQUID FUEL ELIMINATION
	 20037093
	    	2/28/2006	  	GTG FIRE DETECTION & SUPPRESSION
	 20037112
	    	3/31/2006	  	INSTRUMENT AIR SYSTEM IMPROVEMENT
	 20037125
	    	3/31/2006	  	FCC EXPANSION — EXECUTION PHASE
	 20037129
	    	3/31/2006	  	CONTROL OF VACUUM TRUCK SLOP
	 20037133
	    	3/31/2006	  	BERTH 3 ASPHALT JUMPOVER
	 20037137
	    	3/31/2006	  	DRY FIRE LINES AT DOCK
	 20037148
	    	3/31/2006	  	API SEPARATOR COVER
	 20037160
	    	4/30/2006	  	ALKY MITIGATION SYSTEMS UPGRADE
	 20037161
	    	4/30/2006	  	LIGHT PRODUCTS LOADING AT BERTH 1
	 20037195
	    	5/31/2006	  	SRU/TGU BURNER IGNITERS REPLACEMENT
	 20037196
	    	5/31/2006	  	SRU / TGU NATURAL GAS SUPPLY
	 20037204
	    	5/31/2006	  	SRU2 DEAERATOR REPLACEMENT
	 20037205
	    	5/31/2006	  	85-E-7’s BYPASS PIPING

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20037207
	    	5/31/2006	  	B-1 FUEL FLOW METER ADDITION
	 20037208
	    	5/31/2006	  	USGP LIQUID AMINE ABSORBER TWR. UPGRADE
	 20037209
	    	5/31/2006	  	REDESIGN SULPHUR LOOK BOXES IN SRU2
	 20037220
	    	5/31/2006	  	FCC EXPANDER TURBINE
	 20037221
	    	5/31/2006	  	NATURAL GAS TO H2 PLANT
	 20037222
	    	5/31/2006	  	REPL PSV ON CHD2 SURGE DRUM 14-D-2
	 20037241
	    	6/30/2006	  	K1 & K2 RELIABILITY UPGRADE
	 20037244
	    	6/30/2006	  	FGDU E-8 EXCHANGER BUNDLE REPLACEMENT
	 20037258
	    	7/31/2006	  	SRU’s / TGU’s TRANSFER LINES
	 20037266
	    	7/31/2006	  	AMINE CIRCULATION PUMPS @ TG#80&81
	 20037268
	    	7/31/2006	  	TG 80 & 81 STRETFORD SECTION REPL & IMPR
	 20037269
	    	7/31/2006	  	COKER JET PUMP THERMOJET LUBE OIL DEHYDR
	 20037272
	    	7/31/2006	  	GASOLINE TANK 1065 UPGRADE
	 20037273
	    	7/31/2006	  	ADDITIONAL PROTO TKS FOR RBOB GASO BLEND
	 20037274
	    	7/31/2006	  	OIL MOVEMENTS SLOP OIL TANK
	 20037316
	    	8/31/2006	  	SRU3 H2S S02 RATIO ANALYZER
	 20037317
	    	8/31/2006	  	SRU2- H2S S02 RATIO ANALYZER
	 20037321
	    	8/31/2006	  	USGP/ALKY SAFETY VALVES ENVIRON UPGRADE
	 20037323
	    	8/31/2006	  	TAIL GAS UNIT ANALYZER UPGRADE
	 20037333
	    	9/30/2006	  	CHD1 PSV BLOWDOWN UPGRADE
	 20037334
	    	9/30/2006	  	50-K-1 MAIN AIR BLOWER MOTOR UPGRADE
	 20037708
	    	9/30/2006	  	LPG RAILCAR LOADER FALL PROTECTION
	 20037709
	    	9/30/2006	  	RESTRICT VENTING FLOWRATE-LPG TO NO FLARE
	 20037722
	    	9/30/2006	  	CHD 1 LEAN AMINE HOT BYPASS
	 20037842
	    	11/30/2006	  	EPA 114 MEROX WASH NAPHTHA MODIFICATIONS
	 20037855
	    	11/30/2006	  	COKER DEBUTANIZER TOWER RE-TRAY
	 20037857
	    	11/30/2006	  	UPGRADE HGO RELIEF SYSTEM
	 20037859
	    	11/30/2006	  	PIPING CONNECTION TO PUMP TK 1115 to FGDU
	 20037865
	    	11/30/2006	  	CHD1 SALT DRYER INLET PIPING MODS/TIE-IN
	 20037923
	    	12/31/2006	  	REPLACE VERTICAL SUMP PUMP @ S-49
	 20037924
	    	12/31/2006	  	REPLACE VERTICAL SUMP PUMP @ S-52
	 20037925
	    	12/31/2006	  	INSTALL STORM WATER SUMP/PUMP @ S-46
	 20037926
	    	12/31/2006	  	REPLACE SUBMERSIBLE SUMP PUMP @ S-58
	 20037927
	    	12/31/2006	  	REPLACE OLD SOUTH FLARE SUMP PUMP
	 20037935
	    	12/31/2006	  	TANK S-68 UPGRADE
	 20037943
	    	12/31/2006	  	CCR GAS PLT G-202/203/204 PUMP CONVERSIO
	 20037945
	    	12/31/2006	  	PHA - COKER PSV’s TO FLARE HEADER
	 20037946
	    	12/31/2006	  	PHA - ACTION ITEMS for 2006
	 20037947
	    	12/31/2006	  	PHA ITEMS - 2005
	 20037966
	    	1/31/2007	  	COKER JET PUMP TURBINE STEAM CHEST REPL
	 20037967
	    	1/31/2007	  	RENTAL BOILERS PIPING CONNECTIONS
	 20037978
	    	1/31/2007	  	CLOSED LOOP SAMPLING
	 20037999
	    	2/28/2007	  	TGU REGEN REFLUX TEMP CONTROL
	 20038000
	    	2/28/2007	  	EPA 114 ORPHAN STREAMS
	 20038003
	    	2/28/2007	  	SOUTH PLT RELIEF SYSTEMS & FLARE EVALUAT
	 20038048
	    	3/31/2007	  	BUCKEYE PIPELINE FILTRATION SYSTEM

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20038049
	    	3/31/2007	  	REPLACE VERTICAL SUMP PUMP @ S-55
	 20038050
	    	3/31/2007	  	CCR 83-E-6 VENT GAS COOLER PIPING UPGRAD
	 20038051
	    	3/31/2007	  	CCR K-1 COMPR BELLY DRAINS
	 20038057
	    	3/31/2007	  	CCR SEWER UPGRADE
	 20038082
	    	4/30/2007	  	DEPROPANIZER SPENT AIR REROUTE
	 20038085
	    	4/30/2007	  	UPGRADE G-108 PUMP FROM 2173 TK to VLI
	 20038091
	    	4/30/2007	  	SOUTH PLANT FLARE FLOWMETER
	 20038124
	    	5/31/2007	  	SRU EDUCTOR SYSTEM UPGRADE
	 20038130
	    	5/31/2007	  	CU6 ATOMSPHERIC TWR PSV SAFETY IMPROVE
	 20038136
	    	5/31/2007	  	EAST/WEST ASPHALT LDG RACK FALL PROTECT
	 20038138
	    	5/31/2007	  	CU6 B-1 HEATER SAFETY UPGRADE PROJECT
	 20038162
	    	6/30/2007	  	CU6 EMERGENCY ISOLATION VALVES
	 20038163
	    	6/30/2007	  	CU6 BLOWDOWN SYSTEM CONTAINMENT
	 20038164
	    	6/30/2007	  	CU6 WASH WATER
	 20038171
	    	6/30/2007	  	GTG SYSTEM MONITORING UPGRADE
	 20038172
	    	6/30/2007	  	GTG ATOMIZING AIR ELIMINATION
	 20038174
	    	6/30/2007	  	COKER TK 2504 PIPING MOD
	 20038175
	    	6/30/2007	  	COOLING TOWER CHEM. SYSTEM
	 20038177
	    	6/30/2007	  	STOCK OIL TANK 2799 UPGRADE
	 20038186
	    	6/30/2007	  	CCR REGENERATOR TWR HEAD LIFT PROTECTION
	 20038218
	    	7/31/2007	  	CU6 CRUDE & RESID MASS FLOW METERS
	 20038505
	    	8/31/2007	  	CRUDE TANK S-76 UPGRADE
	 20038506
	    	8/31/2007	  	INSTALL FLOW METER ON “A” SUMP
	 20038508
	    	8/31/2007	  	6505 TANK S-59 UPGRADE
	 20038530
	    	9/30/2007	  	6155- TGU REGEN LEVEL CONTROL
	 20038534
	    	9/30/2007	  	6091 G-407 RELIABILITY IMPROVEMENTS
	 20038538
	    	9/30/2007	  	6038 - FGS CONDENSATE FLUSH SYSTEM
	 20038540
	    	9/30/2007	  	6038 - FGS PUMP UPGRADE
	 20038542
	    	9/30/2007	  	6151 - SULFUR RAIL CAR FALL PROTECTION
	 20038551
	    	9/30/2007	  	Paulsboro Pond ARO Adjustment
	 20038553
	    	10/31/2007	  	6401 WT#7 ELECTRICAL POWER SUPPLY
	 20038554
	    	10/31/2007	  	6155 TGU AMINE SUMP FILTRATION
	 20038564
	    	10/31/2007	  	6170 TANK 485 UPGRADE
	 20038576
	    	10/31/2007	  	6001 - DCS BLDG ALARM SYSTEM UPGRADE
	 20038577
	    	10/31/2007	  	6118 - MLDW FUEL GAS ANALYZER
	 20038584
	    	10/31/2007	  	6505 - WEST OIL MVMTS THERMAL RELIEF PROJECT
	 20038587
	    	10/31/2007	  	6022 - COKER ELECTRICAL INFRASTRUCTURE IMPROV
	 20038605
	    	11/30/2007	  	6022 - COKER JET PUMP REPLACEMENT
	 20038612
	    	11/30/2007	  	6003 Check Valves @ CU7 Slop Oil Header
	 20038613
	    	11/30/2007	  	6427 - CT CHEMICAL INJECTION UPGRADE PHASE 2
	 20038630
	    	12/31/2007	  	6092 - D5 - NEW LEVEL GAUGE AND TRANS
	 20038636
	    	12/31/2007	  	CRUDE 7 ATMOS WASH WATER PROJECT PB06078
	 20038637
	    	12/31/2007	  	PSV UPGRADE PROJECT PB07070
	 20038638
	    	12/31/2007	  	DEHEX PSV PROJECT PB07061
	 20038639
	    	12/31/2007	  	DESALTER PSV PIPING PB07073
	 20038640
	    	12/31/2007	  	CHD-2 HEATER SAFETY UPGRADE PB06120

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20038648
	    	12/31/2007	  	FURF 2 D-103 PUMP CONTAINMENT PB07033
	 20038651
	    	12/31/2007	  	ELECTRICAL RELIABILITY IMPROVEMENTS 2005 PB05112
	 20038654
	    	12/31/2007	  	Tank 2841 Upgrade PB07113
	 20038656
	    	12/31/2007	  	Tank 54 Nitrogen Blanket System PB07081
	 20038662
	    	12/31/2007	  	PHA - NON-T/A ACTION ITEMS 2006 PB06101
	 20038704
	    	1/31/2008	  	6505 - S-14 TK NITROGEN BLANKET SYSTEM
	 20038705
	    	1/31/2008	  	6003 -CRUDE UNIT 7 HEATER SAFETY SYS UPGRADE
	 20038706
	    	1/31/2008	  	6380 - LUBE PLANT STEAM METER PROJECT
	 20038712
	    	1/31/2008	  	6304 - North Flare Winterization
	 20038713
	    	1/31/2008	  	6037 - FCC COMPLEX FIRE WATER SPRAYS
	 20038770
	    	3/31/2008	  	FURF 1 HEATER SAFETY SYSTEM UPGRADE
	 20038771
	    	1/31/2008	  	DPCC COMPLIANCE 2006
	 20038772
	    	3/31/2008	  	Fixed H2S Monitoring in the NHT/CCR/FGDU
	 20038773
	    	3/31/2008	  	Asphalt Tank 937 Upgrade
	 20038776
	    	3/31/2008	  	Pretreated Naphtha to CCR
	 20038825
	    	5/31/2008	  	Online Knock-Engine Controls Upgrade
	 20038835
	    	6/30/2008	  	6003 - EPA 114 CRUDE UNIT 7 CEMS PROJECT
	 20038863
	    	6/30/2008	  	PB07158- New WWTP Spent Caustic Tank
	 20038898
	    	7/31/2008	  	Tank 2840 Upgrade
	 20038899
	    	7/31/2008	  	6106 - PDA HEATER SAFETY SYSTEM UPGRADE
	 20038915
	    	7/31/2008	  	6002 - CU6 Atmospheric Heater Burner Tip Upgrad
	 20038933
	    	7/31/2008	  	6003 EPA 114 CRUDE UNIT 7 LOW NOX PROJECT
	 20038934
	    	8/31/2008	  	6091 - CHD-1 SULFUR ANALYZERS
	 20038951
	    	8/31/2008	  	6539 -LVGO Tank 412 Upgrade
	 20038952
	    	8/31/2008	  	6186 - Tank 641 Oil Skimmer System
	 20038960
	    	9/30/2008	  	6037 - H2S Fixed Monitoring FCC
	 20038961
	    	9/30/2008	  	6022 - Coker DSO Rerouting
	 20038962
	    	9/30/2008	  	6401 - WATER TREATER 7 INSTRUMENTATION
	 20038964
	    	9/30/2008	  	6504 - Gasoline Tank 1066 Upgrade
	 20038967
	    	9/30/2008	  	6091 -CHD1 Prod Quality Improvements
	 20038981
	    	9/30/2008	  	6505 - Stage 1 QQQ Compliance Sewer Upgrade
	 20038982
	    	9/30/2008	  	6038 - Stage 2 QQQ Compliance Sewer Upgrade
	 20038984
	    	10/31/2008	  	6505 - STEAM TRAP UPGRADE 2007
	 20038987
	    	10/31/2008	  	6042 - ALKY PHA 2006
	 20038989
	    	10/31/2008	  	6022 - EPA 114 NORTH PLANT AMINE UPGRADE
	 20039005
	    	10/31/2008	  	6186 - Bru Slop Oil to CU6 Charge Line
	 20039010
	    	11/30/2008	  	6152 - KO POT AT SRU FOR FGS EXHAUST
	 20039014
	    	11/30/2008	  	6369 - N. Plnt Condensate Hdr Bckpressure Ctrl
	 20039028
	    	11/30/2008	  	6528 - Remote tank gauging 2799/2800
	 20039055
	    	12/9/2008	  	Distillate Tank 1946 Upgrade
	 20039073
	    	12/31/2008	  	CU6&7 VACUUM TWR OFF GAS HANDLING
	 20039074
	    	12/31/2008	  	NORTH PLANT FLARE GAS RECOVERY
	 20039075
	    	12/31/2008	  	SOUTH PLANT FLARE GAS RECOVERY
	 20039079
	    	12/22/2008	  	Additional Closed Loop Samplers
	 20039080
	    	12/31/2008	  	COVER RO AND COKER SEPARATORS
	 20039087
	    	12/31/2008	  	FIRE WATER SYSTEM UPGRADE—PHASE 4

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 20039097
	    	12/31/2008	  	CHD-1 Stripping Steam Upgrade
	 20039098
	    	12/31/2008	  	Finished Stock Tank 595 Upgrade
	 20039100
	    	12/31/2008	  	Jet A Tank S-32 Upgrade
	 20039103
	    	12/31/2008	  	Tank S-34 Replacement - Ph-3 Eng
	 20039110
	    	12/31/2008	  	Emergency Mustering Stations - Stage 1
	 20039111
	    	12/31/2008	  	FCC Expander Reliability Capital 2008
	 20039121
	    	12/31/2008	  	MLDW K1 ESD PROJECT
	 20039129
	    	1/14/2009	  	CRUDE 6 CAUSTIC TO CRUDE 7 CHARGE
	 20039143
	    	1/31/2009	  	Asphalt Tank 2043 Upgrade
	 20039145
	    	1/29/2009	  	TK 1000 STORM SUMP IMPROVEMENTS
	 20039148
	    	1/31/2009	  	PURCHASE RENTAL COOLER AT CHDI
	 20039196
	    	2/6/2009	  	FURF 1 EXTRACT COOLER
	 20039203
	    	2/28/2009	  	Distillate Tank 1891 Upgrade
	 20039204
	    	2/27/2009	  	Stage 1 Impoundment Basin Repl—Phase 3
	 20039205
	    	2/28/2009	  	Crude 7 Fire Sprays
	 20039213
	    	1/1/2009	  	EP-500: Freeze Point Analyzer
	 20039236
	    	3/19/2009	  	REFINERY RELIEF SYSTEMS & FLARE EVALUATIONS
	 20039249
	    	3/25/2009	  	PURCHASE POWER & LIGHTING EQUIPMENT
	 20039289
	    	4/28/2009	  	Furf 2 3457 Piping
	 20039307
	    	5/28/2009	  	COKER HEATER SAFETY SYSTEMS UPGRADE
	 20039308
	    	5/28/2009	  	EPA 114 COKER LOW NOX PROJECT
	 20039309
	    	5/28/2009	  	Coker PSV Improvements - 5 upgrades
	 20039310
	    	5/28/2009	  	COKER HGO PUMP WARM UP LINE
	 20039311
	    	5/28/2009	  	COKE DRUM BOTTOM UNHEAD/AUTO/INTERLOCK
	 20039314
	    	5/28/2009	  	Coker Cutting Interlock Upgrade
	 20039319
	    	5/31/2009	  	PB Naphtha Inhaul Line
	 20039320
	    	5/21/2009	  	Coker K-201 Reliability
	 20039321
	    	5/21/2009	  	Coker K-201 Safety Upgrade
	 20039330
	    	1/1/2009	  	FGDU E-6 BUNDLE REPLACEMENT
	 20039331
	    	5/29/2009	  	MLDW K-1 Lube and Seal Pump Driver Upgrade
	 20039332
	    	5/26/2009	  	Coker - RIE UPS UPGRADE PROJECT
	 20039352
	    	6/30/2009	  	PB Compressed Air System Upgrade
	 20039356
	    	5/14/2009	  	PAULSBORO DOCK UPGRADE
	 20039359
	    	7/1/2009	  	Gasoline NACE Corrosion Inhibitor Chem Injection
	 20039377
	    	8/3/2009	  	CHD1 CHARGE TANK 1028 UPGRADE
	 20039378
	    	5/8/2009	  	Coker Fuel Gas CEMS Analyzer
	 20039407
	    	8/28/2009	  	EPA 114 COKER CEMS PROJECT
	 20039415
	    	8/27/2009	  	TGU 80 & 81 Exch Gas Flow Meters
	 20039424
	    	9/25/2009	  	Unit Based Lubrication StorageFacilities
	 20039427
	    	9/23/2009	  	COKER BLOWDOWN RISK MITIGATION
	 20039428
	    	9/24/2009	  	ASPHALT TANK 2042 UPGRADE
	 20039429
	    	9/23/2009	  	Coker Heater Charge Pump Improvements
	 20039613
	    	2/16/2010	  	Coker Sour Water Improvements
	 20039669
	    	4/29/2010	  	Floating Roof Tank Socks
			
	 Asset Class
	    	00002000	  	        Crude Proc Equip

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 Bal.sh.acct APC
	 	0000011000	  	        Crude Processing Fac
			
	 Balance sheet item
	 	12	  	Refining and Related Facilities
			
	 Asset
	 	Cap.date	  	Asset description
	 10000026
	 	9/16/1998	  	Land
	 10000026
	 	9/16/1998	  	Land
	 10000026
	 	9/16/1998	  	Land-Demolition Reserve
	 10000026
	 	9/16/1998	  	Land-Mobil Earnout 2001
	 10000026
	 	9/16/1998	  	Land-Mobil Earnout 2003
	 10002418
	 	12/31/2004	  	GROUNDWATER CEA BUFFER
	 10002419
	 	12/31/2004	  	GROUNDWATER CEA BUFFER
	 10002420
	 	12/31/2004	  	GROUNDWATER CEA BUFFER
	 10003385
	 	12/31/2007	  	Groundwater CEA Buffer PB07107
			
	 Asset Class
	 	00001000	  	        Land - Refining
			
	 Bal.sh.acct APC
	 	 0000001000	  	            Land
			
	 Asset
	 	Cap.date	  	Asset description
	 11000037
	 	11/29/2002	  	Paulsboro Infrastructure Changes
	 11000041
	 	9/16/1998	  	Refinery Buildings
	 11000042
	 	9/16/1998	  	Long-Term Capital Lease: Bldgs. - Trailers
	 11000043
	 	9/16/1998	  	Pipe Shop Roof Extension - Hard Trades
	 11000047
	 	9/30/2000	  	NEW REFINERY FIREHOUSE
	 11000084
	 	1/31/2002	  	FIRE MARSHALL INSPECTION BLDG MODS
	 11000086
	 	4/30/2002	  	Marine Gate Security
	 11028381
	 	12/31/2005	  	PURCHASE FIVE BLAST RESISTANT TRAILERS
	 11028688
	 	1/31/2006	  	TEMPORARY TRAINING CENTER
	 11029645
	 	1/31/2007	  	TBA STOREHOUSE DRAINAGE CONTROL PROJECT
	 11031288
	 	6/30/2008	  	SECURITY ENHANCEMENTS-Guardhouse
			
	 Asset Class
	 	00001100	  	        Buildings - Refining
			
	 Bal.sh.acct APC
	 	0000002000	  	            Buildings
			
	 Asset
	 	Cap.date	  	Asset description
	 12000040
	 	9/30/2002	  	SOUTH PARKING LOT
	 12003037
	 	9/30/2004	  	CHEMICAL & HAZARDOUS WASTE STORAGE FACIL

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 12003446
	  	3/31/2005	 	SPCC CONTAINMENT UPGRADES PHASE 1
	 12003466
	  	3/31/2005	 	RAIL CAR LOGISTICS
	 12021951
	  	5/31/2005	 	REFINERY WATER SUPPLY RELIABILITY UPGRADE
	 12026556
	  	2/28/2006	 	2005 SPCC CONTAINMENT COMPLIANCE
	 12026557
	  	2/28/2006	 	TEMP DOCK REPAIRS—BERTH 2 STABILIZATION
	 12029811
	  	6/30/2007	 	SPCC COMPLIANCE 2006
	 12032195
	  	7/31/2008	 	6505 - EXTRACT LOADING RACK CANOPY
	 12032218
	  	6/30/2008	 	SECURITY ENHANCEMENTS-Dock Perimeter Fencing
	 12032219
	  	6/30/2008	 	SECURITY ENHANCEMENTS-Turnstiles
	 12032220
	  	6/30/2008	 	SECURITY ENHANCEMENTS-Gate Facilities
	 12032231
	  	6/30/2008	 	6697 - SECURITY IMPROVEMENTS
	 12032505
	  	10/31/2008	 	6725 - New EOC
	 12035417
	  	9/25/2009	 	Unit Based Lubrication StorageFacilities-Shed
			
	 Asset Class
	  	00001200	 	        Land & LH Imprv-Ref
			
	 Bal.sh.acct APC
	  	    0000004000	 	        Leasehold improve.
			
	 Asset
	  	Cap.date	 	Asset description
	 60000092
	  	9/16/1998	 	Distributive Contr F&E
	 60000093
	  	9/16/1998	 	HF Alkylation Unit F&E
	 60000094
	  	9/16/1998	 	North Flare F&E
	 60000095
	  	9/16/1998	 	Refinery Bldgs F&E
	 60000096
	  	9/16/1998	 	Accounting F&E
	 60000097
	  	9/16/1998	 	Employee Relations F&E
	 60000098
	  	9/16/1998	 	Environmental Affairs F&E
	 60000099
	  	9/16/1998	 	Security F&E
	 60000100
	  	9/16/1998	 	Project Engineering F&E
	 60000101
	  	9/16/1998	 	Gen. Refinery Exp. F&E
	 60000102
	  	9/16/1998	 	Office Mech. Equip. F&E
	 60000103
	  	9/16/1998	 	Nonprocess Computers F&E
	 60000104
	  	9/16/1998	 	Computer Coord. F&E
	 60000105
	  	9/16/1998	 	Y2K Project
	 60002861
	  	12/31/2004	 	NDE EQUIPMENT FOR INSPECTION DEPT
	 60004604
	  	10/31/2008	 	6725 - New EOC - Furniture & Equipment
			
	 Asset Class
	  	00006000	 	        Furn & Eqpt - Refin
			
	 Bal.sh.acct APC
	  	    0000012000	 	        Office Furn. & Equip
			
	 Asset
	  	Cap.date	 	Asset description
	 40000069
	  	9/16/1998	 	Autos - Other

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 40000070
	 	9/16/1998	  	Trucks > 13000Ib
	 40000071
	 	9/16/1998	  	Bulldozer/Tractor
	 40000072
	 	9/16/1998	  	Cranes
	 40000073
	 	9/16/1998	  	Trailers - Detachable
	 40000074
	 	9/16/1998	  	Transportation Equip. in Office Furn & Fixt
	 40000093
	 	9/30/2001	  	PURCHASE OF MANLIFTS
	 40000142
	 	4/30/2002	  	PURCH LEASED/RENTAL EQUIP—VEHICLE PURCH
	 40000149
	 	9/30/2002	  	Upgrade Shift Emergency Respons Vehicles
	 40000151
	 	1/31/2003	  	2146 FIRE TRUCK REPLACEMENT
	 40001267
	 	12/31/2004	  	NEW FUEL TRUCK
	 40001277
	 	12/31/2004	  	PURCHASE 25 KUBOTA TRUCKS
	 40001278
	 	12/31/2004	  	BUYOUT VEHICLE LEASES & PURCH 2 NEW TRUC
	 40001560
	 	1/31/2006	  	PURCHASE HOSE TRAILER
	 40001562
	 	2/28/2006	  	FIRE CHIEF VEHICLE / COMMAND POST
	 40001567
	 	3/31/2006	  	2005 VEHICLE PURCH & LEASE BUYOUT
	 40001698
	 	9/30/2006	  	PURCHASE (4) FORK LIFTS
	 40002014
	 	3/31/2008	  	Purchase 20 RTV-900 Kubota Utility Trucks
	 40002151
	 	10/31/2008	  	Ford Explorer 4WD Vin #1FMEU73E88UB01071
	 40002191
	 	12/31/2008	  	2008 Fall Vehicle Order-CAR
	 40002204
	 	1/31/2009	  	Security Vehicles for Refineries - F150
	 40002205
	 	1/31/2009	  	Security Vehicles for Refineries - F150
	 40002206
	 	1/31/2009	  	Security Vehicles for Refineries - F150
	 40002207
	 	1/31/2009	  	Security Vehicles for Refineries - F150
			
	 Asset Class
	 	00004000	  	        Trans Eqpt - Refinin
			
	 Bal.sh.acct APC
	 	    0000013000	  	        Transportation Equip
			
	 Asset
	 	Cap.date	  	Asset description
	 50000246
	 	3/31/2006	  	PURCH - 2 BRODERSON CRANES/LEASE BUYOUT
	 50000247
	 	3/31/2006	  	PURCHASE 60 TON GROVE RT760E CRANE
	 50000344
	 	10/31/2008	  	6731 - Fire Engine 2141
			
	 Asset Class
	 	00005000	  	        Oth Transport Equip
			
	 Bal.sh.acct APC
	 	    0000014000	  	        Othr Transport Equip
			
	 Asset
	 	Cap.date	  	Asset description
	 33000014
	 	9/16/1998	  	Central Maintenance
	 33000015

33000016
	 	 9/16/1998
 9/16/1998
	  	 Garage

Storehouse

	 33000017
	 	9/16/1998	  	Shop Equip. Reliability Admin.

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 33000018
	  	9/16/1998	  	Shop Equip. Soft Trades
	 33000019
	  	9/16/1998	  	Shop Equip. Machine Shop
	 33000021
	  	9/30/2000	  	Lab Gas Chrom. Y2K Upgrade
	 33000037
	  	4/30/2002	  	Lab Equipment Upgrade 2001
	 33000115
	  	12/1/2003	  	PURCHASE INFRARED CAMERA
	 33000151
	  	6/30/2004	  	PURCHASE ALLOY ANALYZER FOR WAREHOUSE
	 33000184
	  	12/31/2004	  	LABORATORY EQUIPMENT REPLACEMENT 2004
	 33000185
	  	12/31/2004	  	NDE EQUIPMENT FOR INSPECTION DEPT
	 33000190
	  	1/31/2005	  	PURCH. FLIR THEMACAM P65 INFRARED CAMERA
	 33000196
	  	2/28/2005	  	ROTOALIGN PRO EX LASER SHAFT ALIGN SYSTEM
	 33000255
	  	3/31/2006	  	LABORATORY EQUIPMENT REPLACEMENT 2005
	 33000275
	  	9/30/2006	  	ELECTRICAL SAFETY AROUND INFRARED INSPECTION
	 33000290
	  	1/31/2007	  	PUMP RELIABILITY TECHNOLOGY IMPROVEMENTS
	 33000363
	  	1/31/2008	  	6579 - RELIABILITY TECHNOLOGY IMPROVE
	 33000400
	  	5/31/2008	  	6575 - Instrument Shop Calibration & Test Equip
	 33000422
	  	12/31/2008	  	Electric Shop Test Equipment
			
	 Asset Class
	  	00003300	  	        Shop Equipment
			
	 Bal.sh.acct APC
	  	    0000015000	  	        Shop Equipment
			
	 Asset
	  	Cap.date	  	Asset description
	 80000016
	  	9/16/1998	  	Communication Equip. in Instrument Shop
	 80000044
	  	11/30/2002	  	Paulsboro Infrastructure Changes
	 80000130
	  	1/31/2006	  	PAULSBORO EMERGENCY RESPONSE EQUIPMENT
	 80000132
	  	3/31/2006	  	NEW REFINERY RADIOS
	 80000194
	  	5/24/2007	  	Cisco AVVID Voice-over-IP Phone System
	 80000198
	  	9/30/2007	  	6725 - NEW MOTOROLA HAND RADIOS
	 80000199
	  	10/31/2007	  	6575 - 900MHZ RADIO SYSTEM UPGRADE - 2006
	 80000204
	  	6/30/2008	  	SECURITY ENHANCEMENTS-Security Cameras
	 80000205
	  	6/30/2008	  	SECURITY ENHANCEMENTS-Video Monitors & Recorders
	 80000206
	  	6/30/2008	  	SECURITY ENHANCEMENTS-Card Readers
	 80000209
	  	10/31/2008	  	6725 - New EOC - Communication Equip
	 80000215
	  	5/29/2009	  	Operations CCTV Project
	 80000229
	  	11/3/2009	  	Tetco Communications System Upgrade
			
	 Asset Class
	  	00008000	  	        Commun Eqpt - Ref
			
	 Bal.sh.acct APC
	  	0000021000	  	        Communications Equip
			
	 Asset
	  	Cap.date	  	Asset description
	 70000204
	  	11/30/2002	  	Paulsboro Infrastructure Changes

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 70000214
	  	4/30/2003	  	PC Workstation Replacements/Upgrades
	 70000346
	  	1/1/2004	  	PC Workstation Repl/Upg.
	 70000356
	  	1/31/2004	  	LUBE RACK DCS CONSOLE
	 70000364
	  	9/30/2004	  	PC Replacements and Upgrades - Paulsboro
	 70000443
	  	3/31/2005	  	PC Replacement / Upgrade
	 70000469
	  	9/30/2005	  	Internet Proxy Filtering Replacement
	 70000493
	  	6/30/2006	  	Refinery WAN Router Upgrade - Paulsboro
	 70000532
	  	3/31/2006	  	Paulsboro: PC Replacement
	 70000815
	  	3/31/2007	  	2007 Desktop H/W Replacement - NJPBRF
	 70000842
	  	12/31/2007	  	Paulsboro Switch and Core Project
			
	 Asset Class
	  	00007000	  	Comp Equip - Refin
			
	 Bal.sh.acct APC
	  	     0000034000	  	    Computer Equipment
			
	 Asset
	  	Cap.date	  	Asset description
	 71000103
	  	9/30/2002	  	ASPHALT LOADING COMPUTER SERVER REPLACE
	 71000107
	  	10/31/2002	  	HONEYWELL APPLIC’N PROC PLATFORM (APP)NODE
	 71000114
	  	1/31/2003	  	Aspen Common Engineering Suite Modeling
	 71000131
	  	4/30/2003	  	EH&S-Occupational Health Manager Impleme
	 71000735
	  	7/31/2003	  	PB Contractor Workforce Management
	 71000819
	  	1/1/2003	  	Paulsboro InfoPlus Implementation
	 71001163
	  	12/31/2003	  	Remote Access Upgrades - Paulsboro
	 71001168
	  	12/31/2003	  	Microsoft Exchange Implementation-Paulsboro
	 71001183
	  	1/1/2004	  	Infrastructure Upgrade - Paulsboro
	 71001184
	  	1/31/2004	  	FIELD DATA COLLECTION AUTOMATION
	 71002394
	  	2/28/2005	  	Active Directory 2003 Implementation
	 71002408
	  	12/31/2004	  	Paulsboro Refinery Network Upgrade
	 71002432
	  	4/30/2005	  	Paulsboro Refinery 50 Building Rewire
	 71002433
	  	10/24/2005	  	Fiber Runs to High Density Buildings
	 71002434
	  	12/31/2005	  	Fiber Optic Cable Security & Compound
	 71002609
	  	12/31/2004	  	DLT Tape Library Replacement
	 71003023
	  	4/30/2005	  	SMS Server Hardware Upgrade
	 71003068
	  	7/31/2005	  	Database HW Upg. / Rep. - Paulsboro
	 71003231
	  	3/31/2006	  	Paulsboro IPX to IP.21 Migration
	 71003271
	  	7/30/2005	  	Remote Site TSM Server Replacement
	 71003514
	  	7/31/2006	  	Rollout of Whse Handheld Device/Barcode
	 71003569
	  	4/30/2006	  	DCS INFRASTRUCTURE-SAFETY & SECURITY UPG
	 71003577
	  	7/10/2006	  	Process Control Network Security Enh. - PB
	 71003636
	  	8/31/2006	  	VMWare/SAN Implementation - PAULSBORO
	 71003677
	  	8/31/2006	  	DCS, Maint. & Reliability Bldgs Rewire
	 71003758
	  	11/6/2006	  	TSM Server replacements - Paulsboro
	 71003810
	  	1/29/2007	  	Lab - Install Chrom. & Inst Interface PB
	 71004136
	  	9/30/2007	  	VMWare Third Server Implement - NJPBRF

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 71004197
	  	11/30/2007	  	Refinery Tkt Imaging &Rpt Automation - PB
	 71004253
	  	1/31/2008	  	NetScout - Paulsboro
	 71004303
	  	2/28/2008	  	VIP/Asset Hub Migration to Standalone In
	 71004318
	  	3/31/2008	  	2008 Desktop H/W Replacement - PBRF
	 71004417
	  	10/31/2008	  	6725 - New EOC - Computer Hardware
	 71004422
	  	9/15/2008	  	Paulsboro East Plant Fiber Repair
	 71004448
	  	9/30/2008	  	VCS08-IS187 SCCM 2007 Upgrade - PB HW
	 71004476
	  	8/31/2008	  	VCS08-IS088 Refinery Voice/Network Tech Refresh
	 71004745
	  	9/30/2009	  	VCS09-IS062 2009 PC Replacement - Refineries HW PB
	 71004880
	  	12/31/2009	  	Refinery Network Proxy Refresh-PB
	 71004883
	  	12/30/2009	  	IntelaTrac System by Symbol (Handheld Devices)
			
	 Asset Class
	  	00007100  	  	        Comp Hrdwr - Refin
			
	 Bal.sh.acct APC
	  	0000034001	  	            Computer Hardware
			
	 Asset
	  	Cap.date	  	Asset description
	 72000035
	  	9/16/1998	  	Distributive Contr Computer Software
	 72000036
	  	9/16/1998	  	West Oil Movement Computer Software
	 72000037
	  	9/16/1998	  	Computer Coord. Computer Software
	 72000043
	  	6/30/2000	  	PB Aspen Tech License & Maintenance 2000
	 72000045
	  	9/30/2000	  	DCS CONSOLE UPGRADES - COMPUTER SOFTWARE
	 72000047
	  	11/30/2000	  	Aspen’s Plantelligence System - PB
	 72000054
	  	12/31/2000	  	PB Lab Info Mgt System (LlMS) Implement
	 72000068
	  	8/31/2001	  	PB AspenTech License Fee
	 72000111
	  	1/31/2002	  	INDUSTRIAL HYGIENE REGULATORY COMPLIANCE
	 72000125
	  	8/31/2002	  	AspenTech License Fee
	 72000130
	  	8/31/2002	  	Runout Standardization and Reporting
	 72000147
	  	1/31/2003	  	PLANTWARE HAZCOM REGULATORY COMPLIANCE
	 72000155
	  	1/31/2003	  	Equipment Specification Standardization
	 72000157
	  	1/31/2003	  	DISPERSION & EXPLOSION MODELING SOFTWARE
	 72000158
	  	1/31/2003	  	PCMS-SAP Interface
	 72000164
	  	1/31/2003	  	ASPEN FCC PROCESS MODEL
	 72000173
	  	3/31/2003	  	FILEMAKER PRO DATABASE UPGRADE
	 72000182
	  	4/30/2003	  	EH&S-Occupational Health Manager Impleme
	 72000701
	  	8/31/2004	  	PURCHASE RISK BASED INSPECTION SOFTWARE
	 72000841
	  	12/31/2004	  	PURCH. RELIABILITY CENTERED MAINT SOFTWARE
	 72001004
	  	5/31/2005	  	CRITICAL EQUIP AUTOMATED CONDITION ASSESSMENT
	 72001127
	  	11/30/2005	  	ASPEN UTILITIES FOR ENERGY MANAGEMENT
	 72001159
	  	1/31/2006	  	TRACK SOFTWARE v5.0 IMPLEMENTATION
	 72001259
	  	7/31/2006	  	SAP Acceleration Asset Co 51 7200
	 72001572
	  	1/31/2008	  	6551 - NRX VIP PHASE 1
	 72001658
	  	7/31/2008	  	VCS08-IS090 Call Manager Upgrade
	 72001755
	  	12/31/2009	  	Refinery Network Proxy Refresh-PB

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 72001756
	    	12/30/2009	  	Wonderware Intelatrac Software
			
	 Asset Class
	    	00007200	  	Comp Software - Ref
			
	 Bal.sh.acct APC
	    	0000034002	  	    Computer Software
		
	 Balance sheet item       13
	  	Other Properties
			
	 Asset
	    	Cap.date	  	Asset description
	 939910
	    	5/31/2005	  	Engineering - Contractor (Phse 2-3)
	 944401
	    	10/31/2005	  	Engineering - Contractor
	 944404
	    	9/30/2005	  	Electrical - Contractor
	 959614
	    	10/31/2006	  	Engineering - Contractor
	 959615
	    	1/31/2010	  	Engineering - Valero Labor
	 959617
	    	1/31/2010	  	Electrical - Contractor
	 959621
	    	7/31/2006	  	Instrument - Material
	 986177
	    	6/30/2007	  	Engineering (Phs 2-3) - Contractor
	 986262
	    	6/30/2007	  	CHD 1 Reactor- Materials
	 988261
	    	8/31/2007	  	ISBL Engineering - Contractor (Ph 2-3-4)
	 988367
	    	3/31/2008	  	Field Execution - Contractor
	 988368
	    	8/31/2007	  	Project Eng/Execution - Contractor
	 988369
	    	10/31/2007	  	Other Contractor - Contractor
	 991606
	    	2/28/2008	  	Site Preparation - (Phase 3)
	 991607
	    	12/31/2008	  	Instruments (Phs 3) - Contractor
	 994945
	    	12/31/2007	  	Engineering - Phase II
	 998815
	    	1/31/2008	  	Feed Filters - Material
	 998816
	    	2/28/2008	  	Pkg 1 Feed Filters Mechanical
	 999628
	    	5/31/2008	  	General Construction - Contractor
	 999629
	    	10/31/2008	  	Inspection / Testing - Contractor
	 999633
	    	3/31/2008	  	Storage Tanks - Contractor
	 999635
	    	12/31/2008	  	Pipe/Flanges/Fittings - Contractor
	 999638
	    	4/30/2008	  	Electrical - Contractor
	 999641
	    	11/30/2008	  	Concrete / Foundations - Materials
	 999642
	    	8/31/2008	  	Pumps - Materials
	 999643
	    	10/31/2008	  	Agitator/ Mixer - Materials
	 999645
	    	6/30/2008	  	Pipe/Flanges/Fittings - Materials
	 999646
	    	6/30/2008	  	Valve - Materials
	 999647
	    	1/31/2009	  	Structural Steel - Materials
	 999648
	    	7/31/2008	  	Electrical - Materials
	 999649
	    	8/31/2008	  	Instruments - Materials
	 999653
	    	7/31/2008	  	Concrete / Foundations - Contractors
	 1001561
	    	4/30/2008	  	OSBL Engineering - Contractor (Phs 3-4)
	 1001562
	    	8/31/2008	  	Reactor Internals - Materials
	 1001563
	    	3/31/2009	  	Heat Exchangers - Materials

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

							
	 1001564
	    	 	4/30/2009	  	  	Pumps - Materials
	 1001565
	    	 	8/31/2008	  	  	Pressure Vessels/ Drums - Materials
	 1003596
	    	 	5/31/2008	  	  	Miscellaneous Equipment - Material
	 1006511
	    	 	7/31/2008	  	  	Engineering - Phase 2-3
	 1007981
	    	 	8/31/2008	  	  	Engineering - (Ph 2-3)
	 1007984
	    	 	8/31/2008	  	  	Valves - Material (Ph 2-3)
	 1007985
	    	 	11/30/2008	  	  	Engineered Specialties - Material(Ph2-3)
	 1015314
	    	 	11/30/2008	  	  	Demolition - Contracts
	 1015315
	    	 	2/28/2009	  	  	Heavy Haul/Crane - Contracts
	 1015316
	    	 	12/31/2008	  	  	Civil - Contracts
	 1015317
	    	 	3/31/2009	  	  	Steam Generator - Contracts
	 1015318
	    	 	7/31/2009	  	  	Deaerator - Contracts
	 1015326
	    	 	7/31/2009	  	  	Instrumentation - Contracts
	 1015327
	    	 	8/31/2009	  	  	Fireproofing - Contracts
	 1015331
	    	 	9/30/2009	  	  	Valves/Piping - Materials
	 1015332
	    	 	3/31/2009	  	  	Instruments - Materials
	 1015348
	    	 	11/1/2008	  	  	Licenses / Royalties - Contracts
	 1015656
	    	 	11/30/2009	  	  	General Construction - Contractor
	 1015657
	    	 	12/31/2008	  	  	Engineering - Contractor
	 1015659
	    	 	1/31/2010	  	  	Demolition - Contractor
	 1015660
	    	 	5/31/2010	  	  	Concrete/Foundations - Contractor
	 1015662
	    	 	12/31/2009	  	  	Pipe/Flanges/Fittings - Contractor
	 1015663
	    	 	1/31/2010	  	  	Structural Steel - Contractor
	 1015664
	    	 	4/30/2010	  	  	Instruments - Contractor
	 1015665
	    	 	5/31/2010	  	  	Refractory - Contractor
	 1015667
	    	 	5/31/2010	  	  	Concrete/Foundations - Material
	 1015670
	    	 	12/31/2009	  	  	Pipe/Flanges/Fittings - Material
	 1015672
	    	 	12/31/2008	  	  	Instruments - Material
	 1015674
	    	 	5/31/2010	  	  	Concrete/Foundations - Equipment Rental
	 1016814
	    	 	9/30/2009	  	  	Engineering - Contractor
	 1016815
	    	 	11/30/2009	  	  	Electrical - Contractor
	 1016816
	    	 	10/31/2009	  	  	Electrical - Material
	 1020473
	    	 	4/30/2009	  	  	Engineering - Contractor
	 1020475
	    	 	10/31/2009	  	  	Pipe/Flanges/Fittings - Contractor
	 1020477
	    	 	9/30/2009	  	  	Electrical - Contractor
	 1020479
	    	 	7/31/2009	  	  	Pumps - Material
	 1020482
	    	 	6/30/2009	  	  	Instrument - Material
	 1022269
	    	 	8/31/2009	  	  	Engineering - Project Development (Ph3)
	 1022270
	    	 	9/30/2009	  	  	Phase 3 -Project Development Filter Unit
	 1024234
	    	 	11/30/2009	  	  	Site Preparation - PH2-3
	 1024235
	    	 	11/30/2009	  	  	Engineering - PH2-3
	 1024236
	    	 	5/31/2010	  	  	Concrete/Foundations - PH2-3
	 1024237
	    	 	2/28/2010	  	  	Heat Exchangers - PH2-3
	 1024238
	    	 	6/30/2010	  	  	Pumps - PH2-3
	 1024240
	    	 	5/31/2010	  	  	Pipe/Flanges/Fittings - PH2-3
	 1024242
	    	 	5/31/2010	  	  	Electrical - PH2-3

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Refinery Assets 
  

					
	 1024243
	 	6/30/2010	 	Other - PH2-3
	 1026080
	 	2/28/2010	 	Engineering - Contractor
	 1026081
	 	4/30/2010	 	Paving/Draingage - Contractor
	 1026082
	 	3/31/2010	 	Storage Tanks - Contractor
	 1026083
	 	3/31/2010	 	Pipe/Flanges/Fittings - Contractor
	 1026084
	 	6/30/2010	 	Instruments - Contractor
	 1026087
	 	4/30/2010	 	Storage Tanks - Material
	 1026089
	 	6/30/2010	 	Instrument - Material
	 1026092
	 	3/31/2010	 	Storage Tanks - Equipment Rental
	 1026292
	 	6/30/2010	 	Hardware Costs 2nd Quarter
	 1027345
	 	3/31/2010	 	Engineering - Contractor
	 1027978
	 	6/30/2010	 	Vacuum Belt Filter Unit - Contractor
	 1028228
	 	5/31/2010	 	Engineering - Contractor
	 1028310
	 	5/31/2010	 	Engineering - Contract
	 1028314
	 	6/30/2010	 	Pipe/Flanges/Fittings - Contract
	 1028708
	 	5/31/2010	 	Dock Upgrade - Punchlist Items - Final
			
	 Asset Class
	 	00090001	 	    AUC (Auto)
		
	 Bal.sh.acct APC
	 	      0000032000       AUC
			
	 Balance sheet item
	 	14	 	  Construction Work in Progress
			
	 Company Code
	 	0051	 	    VALERO REFINING CO. - NJ

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Rolling Stock 
  

											
	Unit #	  	VIN	 	Year	 	 	Make	 	Model
	01071	  	1FMEU73E88UB01071	 	 	2008	  	 	FORD	 	EXPLORER
	05529	  	1FTRF12WX9KB05529	 	 	2009	  	 	FORD	 	F150
	07024	  	1FMEU73E99UA07024	 	 	2009	  	 	FORD	 	EXPLORER
	07093	  	1FTNF20567EA79277	 	 	2007	  	 	FORD	 	F250SD
	11355	  	1FTNF21535EB11355	 	 	2005	  	 	FORD	 	PICKUP
	18212	  	1FTRF12W15NB18212	 	 	2005	  	 	FORD	 	PICKUP
	26719	  	1FTRX14WX9FA26719	 	 	2009	  	 	FORD	 	F150 SUPERCAB 4X4
	31984	  	1FTNF20535ED31984	 	 	2005	  	 	FORD	 	PICKUP
	40921	  	1FTHF36H8MKA40921	 	 	1991	  	 	FORD	 	F350
	44007	  	1FTDF15Y2MNA94007	 	 	1991	  	 	FORD	 	F-150
	44014	  	1FDXK84A6NVA01184	 	 	1992	  	 	FORD	 	FORD-MT
	44015	  	1FTDF15Y0NNA34910	 	 	1992	  	 	FORD	 	F150
	44018	  	1FTDF15Y0NNA79782	 	 	1992	  	 	FORD	 	F150
	44026	  	1FTDF15Y6NNA90916	 	 	1992	  	 	FORD	 	F150
	44027	  	1FTDF15Y4NNA90915	 	 	1992	  	 	FORD	 	F150
	44030	  	1FTDF15Y9NNA90912	 	 	1992	  	 	FORD	 	F150
	44034	  	1FTDF15Y7NNA90908	 	 	1992	  	 	FORD	 	F150
	44035	  	1FTDF15Y5NNA90907	 	 	1992	  	 	FORD	 	F150
	44036	  	1FTDF15Y3NNA90906	 	 	1992	  	 	FORD	 	F150
	44039	  	1FTDF15Y1NNA90905	 	 	1992	  	 	FORD	 	F150
	44049	  	1FTDF15Y4PNB05335	 	 	1993	  	 	FORD	 	F-150 STYLESIDE
	44051	  	2FTEF15Y3PCB41351	 	 	1993	  	 	FORD	 	F-150 STYLESIDE
	44056	  	1FTDF15Y5RNB68740	 	 	1994	  	 	FORD	 	F-150 STYLESIDE
	44057	  	1FTDF15Y9RNB68739	 	 	1994	  	 	FORD	 	F-150 STYLESIDE
	44064	  	1FTEF15Y2SNA98947	 	 	1995	  	 	FORD	 	F150
	44065	  	1FMCA11U6SZA77127	 	 	1995	  	 	FORD	 	AEROSTAR
	49537	  	1FTRE14W35HA49537	 	 	2005	  	 	FORD	 	E150 VANS
	58849	  	1FTRF12WX5NA58849	 	 	2000	  	 	FORD	 	PICKUP
	69031	  	1FDXF70H9LVA09178	 	 	1990	  	 	FORD	 	FORD
	70723	  	1FDKF37H8JNA57423	 	 	1988	  	 	FORD	 	F 350
	70803	  	F	 	 	1992	  	 	FORD	 	F 350
	70804	  	1FTHF26H7LNA58009	 	 	1990	  	 	FORD	 	F-250
	70831	  	1FTDF15Y1LNA70747	 	 	1990	  	 	FORD	 	F-150
	70843	  	1FTDF15Y3LNA70751	 	 	1990	  	 	FORD	 	F-150
	70845	  	1FTDF15Y5LNA70744	 	 	1990	  	 	FORD	 	F-150
	70847	  	1FTDF15Y2LNA70742	 	 	1990	  	 	FORD	 	F-150
	70849	  	1FMDA11U2LZA82430	 	 	1990	  	 	FORD	 	A-11
	71651	  	1FTDF15Y8MKA16168	 	 	1991	  	 	FORD	 	F-150
	71652	  	1FTDF15Y3MKA17566	 	 	1991	  	 	FORD	 	F-150
	71658	  	1FTDF15Y6MKA37293	 	 	1991	  	 	FORD	 	F-150
	78002	  	1FTZF1828YNC13097	 	 	2000	  	 	FORD	 	F150
	78003	  	1FTZF1829YNC13092	 	 	2000	  	 	FORD	 	F150
	78004	  	1FTZF1820YNC13093	 	 	2000	  	 	FORD	 	F150

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Rolling Stock 
  

											
	78005	  	1FTZF1822YNC13094	 	 	2000	  	 	FORD	 	F150
	78006	  	1FTZF1826YNC13096	 	 	2000	  	 	FORD	 	F150
	78007	  	1FTZF1724YNC13079	 	 	2000	  	 	FORD	 	F150
	78010	  	1FTZF1720YNC13077	 	 	2000	  	 	FORD	 	F150
	78011	  	1FDKF37H8LNA58011	 	 	1990	  	 	FORD	 	F 350
	78012	  	1FTZF1723YNC13073	 	 	2000	  	 	FORD	 	F150
	78013	  	1FTYR10C3YTB29904	 	 	2000	  	 	FORD	 	RANGER
	78015	  	1FTYR10C5YTB25787	 	 	2000	  	 	FORD	 	RANGER
	78016	  	1FTYR10C6YTB25782	 	 	2000	  	 	FORD	 	RANGER
	78017	  	1FTYR10C1YTB25771	 	 	2000	  	 	FORD	 	RANGER
	78018	  	1FTYR10C4YTB29891	 	 	2000	  	 	FORD	 	RANGER
	78019	  	1FTYR10C3YTB25769	 	 	2000	  	 	FORD	 	RANGER
	78020	  	1FTYR10CXYTB29902	 	 	2000	  	 	FORD	 	RANGER
	78025	  	1FTYR10C9YTB29907	 	 	2000	  	 	FORD	 	RANGER
	78026	  	1FTYR10C5YTB29905	 	 	2000	  	 	FORD	 	RANGER
	78029	  	1FTYR10C6YTB29881	 	 	2000	  	 	FORD	 	RANGER
	78037	  	1FTYR10C6CYTB2990	 	 	2000	  	 	FORD	 	RANGER
	78038	  	1FTYR10C8YTB29882	 	 	2000	  	 	FORD	 	RANGER
	78041	  	1FTYR10C8YTB25783	 	 	2000	  	 	FORD	 	RANGER
	78045	  	1FTYR10C4YTB25778	 	 	2000	  	 	FORD	 	RANGER
	78046	  	1FTYR10C6YTB25779	 	 	2000	  	 	FORD	 	RANGER
	78047	  	1FTYR10C2YTB25777	 	 	2000	  	 	FORD	 	RANGER
	78051	  	1FTYR10C3YTB29885	 	 	2000	  	 	FORD	 	RANGER
	78062	  	1FTYR10X5YTB18874	 	 	2000	  	 	FORD	 	RANGER
	78662	  	1FDXR82E5SVA81252	 	 	1995	  	 	FORD	 	LN80000
	79418	  	1FMYU93196KA79418	 	 	2006	  	 	FORD	 	ESCAPE
	86681	  	1FTVX14525NB86681	 	 	2005	  	 	FORD	 	F150
	90297	  	1FTRF12W49KA90297	 	 	2009	  	 	FORD	 	F150
	97047	  	1FTRF12W59KA97047	 	 	2009	  	 	FORD	 	F150
	72144	  	1NKLL29X5BK700750	 	 	1981	  	 	KENW	 	FOAM TRUCK
	11558	  	11558	 				 	KUBO	 	RTV 1100
	13893	  	13893	 				 	KUBO	 	RTV 900 G-H
	14406	  	14406	 				 	KUBO	 	RTV 900 G-H
	18067	  	18067	 				 	KUBO	 	RTV 900 G-H
	18270	  	18270	 				 	KUBO	 	RTV 900 G-H
	18420	  	18420	 				 	KUBO	 	RTV 900 G-H
	19375	  	19375	 				 	KUBO	 	RTV 900 G-H
	19735	  	19735	 				 	KUBO	 	RTV 900 G-H
	21479	  	21479	 				 	KUBO	 	RTV 900 G-H
	22518	  	22518	 				 	KUBO	 	RTV 900 G-H
	26166	  	26166	 				 	KUBO	 	RTV 900 G-H
	26168	  	26168	 				 	KUBO	 	RTV 900 G-H
	27395	  	27395	 				 	KUBO	 	RTV 900 G-H
	29578	  	29578	 				 	KUBO	 	RTV 900 G-H

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Rolling Stock 
  

													
	29648	    	29648	    				 	KUBO	    	RTV 900 G-H	  	
	29754	    	29754	    				 	KUBO	    	RTV 900 G-H	  	
	29756	    	29756	    				 	KUBO	    	RTV 900 G-H	  	
	29773	    	29773	    				 	KUBO	    	RTV 900 G-H	  	
	29803	    	29803	    				 	KUBO	    	RTV 900 G-H	  	
	29811	    	29811	    				 	KUBO	    	RTV 900 G-H	  	
	29828	    	29828	    				 	KUBO	    	RTV 900 G-H	  	
	34616	    	34616	    				 	KUBO	    	RTV 900 G-H	  	
	45007	    	45007	    				 	KUBO	    	RTV 900 G-H	  	
	46344	    	46344	    				 	KUBO	    	RTV 900 G-H	  	
	46349	    	46349	    				 	KUBO	    	RTV 900 G-H	  	
	86395	    	86395	    				 	KUBO	    	RTV 900 G-H	  	
	86405	    	86405	    				 	KUBO	    	RTV 900 G-H	  	
	86412	    	86412	    				 	KUBO	    	RTV 900 G-H	  	
	86661	    	86661	    				 	KUBO	    	RTV 900 G-H	  	
	86825	    	86825	    				 	KUBO	    	RTV 900 G-H	  	
	86858	    	86858	    				 	KUBO	    	RTV 900 G-H	  	
	86888	    	86888	    				 	KUBO	    	RTV 900 G-H	  	
	86902	    	86902	    				 	KUBO	    	RTV 900 G-H	  	
	86904	    	86904	    				 	KUBO	    	RTV 900 G-H	  	
	86907	    	86907	    				 	KUBO	    	RTV 900 G-H	  	
	86913	    	86913	    				 	KUBO	    	RTV 900 G-H	  	
	86915	    	86915	    				 	KUBO	    	RTV 900 G-H	  	
	86967	    	86967	    				 	KUBO	    	RTV 900 G-H	  	
	87323	    	87323	    				 	KUBO	    	RTV 900 G-H	  	
	87331	    	87331	    				 	KUBO	    	RTV 900 G-H	  	
	87625	    	87625	    				 	KUBO	    	RTV 900 G-H	  	
	87755	    	87755	    				 	KUBO	    	RTV 900 G-H	  	
	87759	    	87759	    				 	KUBO	    	RTV 900 G-H	  	
	12675	    	12675	    				 	KUTO	    	RTV 900 G-H	  	
	14502	    	14502	    				 	KUTO	    	RTV 900 G-H	  	
	22520	    	22520	    				 	KUTO	    	RTV 900 G-H	  	
	46355	    	46355	    				 	KUTO	    	RTV 900 G-H	  	
	86970	    	86970	    				 	KUTO	    	RTV 900 G-H	  	
	46165	    	1P3XA46KXNF246165	    	 	1992	  	 	PLYM	    	ACCLAIM	  	
	72143	    		    	 	1980	  	 	TANK	    	FOAM TANKER	  	
	02136	    	LSCBB43D44A020136	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	07419	    	LSCBB43D14A017419	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	07442	    	LSCBB43D74A017442	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	14747	    	LSCBB43D34A014747	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	17422	    	LSCBB43D14A017422	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	17429	    	LSCBB43D44A017429	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	17432	    	LSCBB43D44A017432	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	
	17434	    	LSCBB43D84A017434	    	 	2004	  	 	TIGE	    	STAR X-CAB, #640100	  	

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Rolling Stock 
  

													
	17435	    	LSCBB43DX4A017435	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	17436	    	LSCBB43D14A017436	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20120	    	LSCBB43D04A020120	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20121	    	LSCBB43D24A020121	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20122	    	LSCBB43D44A020122	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20123	    	LSCBB43D64A020123	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20124	    	LSCBB43D84A020124	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20126	    	LSCBB43D14A020126	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20127	    	LSCBB43D34A020127	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20128	    	LSCBB43D54A020128	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20129	    	LSCBB43D74A020129	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20130	    	LSCBB43D34A020130	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20131	    	LSCBB43D54A020131	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20132	    	LSCBB43D74A020132	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20133	    	LSCBB43D94A020133	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20137	    	LSCBB43D64A020137	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	20141	    	LSCBB43D84A020141	  	 	2004	  	  	TIGE	    	STAR X-CAB, #640100	  	
	18540	    	1FVACXDC85HU18540	  	 	2005	  	  	****	    	FREIGHTLINER	  	
	86034	    	86034	  				  	****	    	RTV 900 G-H	  	
	97565	    	97565	  				  	****	    	RTV 900 G-H	  	
	46576	    	2146576	  				  	EZGO	    	EZ-GO CAR	  	
	52670	    	2152670	  				  	EZGO	    	EZ-GO CAR	  	

 Schedule 4.3 (d) 

Paulsboro Fixed Assets - Safety Apparatuses 
  

															
	 Device Type
	  	 Year
	    	Age	    	Pump Capacity	  	 Manufacturer
	  	License Number	  	 VIN Number
	  	 Foam Capacity

	 Foam Pumper
	  	2008	    	2	    	3000 gpm	  	E-One	  	XN962G	  	4ENGAAA8381004023	  	700 gal foam
	 Pumper
	  	1988	    	20	    	1500 gpm	  	KME Foam Pump	  	X8207T	  	1K9AF4289JN058097	  	1000 gal foam
	 Ladder
	  	2002	    	6	    	3000 gpm	  	E-One	  	X8285T	  	4ENGAAA8X21005208	  	400 gal foam
	 Ambulance
	  	1983	    	25	    	N/A	  	Ford E250	  	X70Z72	  	1FTJS34L8DHA25904	  	N/A
	 Ambulance
	  	1994	    	14	    	N/A	  	Ford F350	  	XC980C	  	1FDKE30M2RHB50880	  	N/A
	 Shift Fire Com
	  	2001	    	7	    	N/A	  	Ford F350	  	X5961L	  	1FDSF34S51ED73667	  	N/A
	 Shift Fire Com
	  	2001	    	7	    	N/A	  	Ford F350	  	X5962L	  	1FDSF34S71ED73668	  	N/A
	 Fire Chief
	  	2006	    	2	    	N/A	  	Ford Expedition	  	XG568W	  	1FMPU145X6LA26848	  	N/A
	 Portable Pump
	  	1995	    	13	    	2500 GPM	  	Williams	  	N/A	  	pump 1-85184-01-1 RG6076H546138	  	N/A
	 Portable Pump
	  	1995	    	13	    	2500 GPM	  	Williams	  	N/A	  	pump 1-85184-01-2 RG6076H546139	  	N/A
	 LDH Trailer
	  	1991	    	17	    	N/A	  	Magnum	  	T774TD	  	MAG2535B91	  	N/A
	 LDH Trailer
	  	2006	    	2	    	N/A	  	Magnum	  	TCB27N	  	1M4FH24465T19010	  	N/A
	 Foam tanker
	  	1980	    	28	    	3000/100	  	DNS	  		  	NO VIN	  	
	 Foam Tanker
	  	1981	    	27	    	4800/100	  	Kenworth	  	XA127F	  	1NKLL29X5BK70050	  	
	 Foam Header Trailer
	  	2001	    	7	    	N/A	  	Carry-On Corp.	  	T64K4W	  	4YMUK14131C041139	  	N/A
	 HazMat
	  	1988	    	20	    	N/A	  	E-One	  	X8210T	  	1GDP7D1Y4JV515475	  	N/A
	 HazMat Trailer
	  	1991	    	17	    	N/A	  	Wells Cargo	  	T48D3B	  	1WC200J20H1052190	  	N/A
	 HazMat Trailer
	  	2006	    	2	    	N/A	  	Wells Cargo	  	TCB71M	  	1WC200J2868008167	  	N/A
	 Rescue Truck
	  	2001	    	7	    	N/A	  	Ford F-750	  	X6291L	  	3FDXW75N41MA79483	  	N/A
	 Rescue Truck
	  	2005	    	3	    	N/A	  	Ford F-250	  	XD927S	  	1FTNF20505EA28628	  	N/A
	 Rescue Truck
	  	2004	    	4	    	N/A	  	Ford F-350	  	XD928S	  	1FDSF34P64ED09511	  	N/A
	 Rescue Trailer
	  	1992	    	16	    	N/A	  	Wells Cargo	  	T39P8E	  	1WC200L21N1053925	  	N/A
	 Rescue Trailer
	  	1991	    	17	    	N/A	  	Magnum	  	T773TD	  	MAG2535B91	  	N/A
	 Monitor
	  	2003	    	5	    	N/A	  	Williams	  	T24Y2K	  	31718JSV0403	  	N/A
	 Monitor
	  	2003	    	5	    	N/A	  	Williams	  	T23Y2K	  	31719JSV0403	  	N/A
	 Monitor
	  	1987	    	21	    	N/A	  	Williams	  		  	NO VIN - Too Old	  	N/A
	 Monitor
	  	1987	    	21	    	N/A	  	Williams	  		  	NO VIN - Too Old	  	N/A
	 Monitor
	  	1987	    	21	    	N/A	  	Williams	  		  	NO VIN - Too Old	  	N/A

 Schedule 4.4(a)-1 

Material Company Contracts 
  

	1.	Asset Sale and Purchase Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution
Date. 

  

	2.	The Tech Center Lease described in Section 1.1(a) of these Schedules. 

 

	3.	Intellectual Property Rights License Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through
the Execution Date. 

  

	4.	MLDW Catalyst Lease Agreement (I) between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the
Execution Date. 

  

	5.	MLDW Catalyst Lease Agreement (II) between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution
Date. 

  

	6.	MLDW Catalyst Lease Agreement (MLDW-4) between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 15, 2001, as amended through the
Execution Date. 

  

	7.	Utilities Services Agreement between Valero Refining Company-New Jersey and Mobil Pipe Line Company dated September 16, 1998, as amended through the Execution
Date. 

  

	8.	Utilities Services Agreement between Valero Refining Company-New Jersey and Mobil Technology Company dated September 16, 1998, as amended through the
Execution Date. 

  

	9.	Lube Plant and Light Products Terminal Utility Services Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as
amended through the Execution Date. 

  

	10.	Agreement for Access to Refinery After Closing between Valero Refining Company-New Jersey and Mobil Pipe Line Company dated September 16, 1998, as amended through
the Execution Date. 

  

	11.	Temporary Access Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution Date.

	12.	Temporary Access Agreement between Valero Refining Company-New Jersey and Mobil Technology Company dated September 16, 1998, as amended through the Execution Date.

  

	13.	Emergency Response Services Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation, Mobil Pipe Line Company, and Mobil Technology Company dated
September 16, 1998, as amended through the Execution Date. 

  

	14.	Technology Agreement Mobil Engineering Practices Guides between Valero Refining Company-New Jersey and Mobil Technology Company dated September 16, 1998, as
amended through the Execution Date. 

  

	15.	The following contracts related to natural gas supply and transportation: 

 

					
	 Counter-Party
	  	 Contract Name
	  	 Contract Date

			
	 Colonial Energy, Inc.
	  	 Base Contract for Sale and

Purchase of Natural Gas
	  	October 22, 2003
			
	 Coral Energy Resources
	  	 Base Contract for Sale and

Purchase of Natural Gas
	  	June 1, 2004
			
	 Virginia Power Energy Marketing, Inc.
	  	 Base Contract for Sale and

Purchase of Natural Gas
	  	July 1, 2003
			
	 South Jersey Gas Company
	  	 Standard Gas Service
 Agreement
(LVCS)
	  	December 11, 2002
			
	 Texas Eastern Transmission Corporation
	  	Service Agreement	  	December 4, 1998

  

	16.	The following contracts related to the supply of industrial gases: 

  

	 	a.	Pipeline Product Purchase Agreement dated October 1, 1986 between Linde LLC, as successor to The BOC Group, Inc. and the Company as successor to Mobil Oil
Corporation, as amended. 

  

	 	b.	Oxygen Supply Agreement dated June 14, 2001, between Praxair, Inc. and the Company, as amended by Amendment Number One dated April 1, 2005 and Amendment
Number Two dated July 1, 2010. 

  

	 	c.	Product Supply Agreement dated January 12, 2005, between Linde LLC, as successor to The BOC Group, Inc. and the Company, as amended. 

 

	17.	The following electricity-related contracts: 

  

	 	a.	 Agreement for Purchase of Electric Power dated July 10, 1989 between Atlantic City Electric Company and the Company as successor to Mobil Oil
Corporation, as amended by Agreement to Modify Power Purchase Agreement dated 

	 	
November 28, 2001 between Atlantic City Electric Company and the Company. [Note this Agreement will be replaced with a new PJM style Agreement. If the Company desires to export electricity
following the expiration of this Agreement it will have to get market rate based authority] 

  

	 	b.	Interim Interconnection Agreement dated August 1, 2003 between Atlantic City Electric Company d/b/a Conectiv Power Delivery and the Company. [See note in a. above]

  

	18.	Rail Line Service Agreement dated June, 2000 between SMS Rail Service, Inc. and the Company. 

 

	19.	Railcar Loading Service Agreement dated September 20, 2001 between SMS Rail Service, Inc. and the Company. 

 

	20.	The following contracts for materials and services related to the Refinery (i) have annual spend in excess of $1,000,000, or (ii) have a term greater than one
year, are not otherwise terminable by the Company at its option, and require the Company to make payment obligations each year, and constitute Material Contracts: 

 

					
	 Vendor
	  	 Description
	  	 Local Contract #

	 JJ White Inc.
	  	General Contractor	  	PB05WA008
	 Weeks Marine Inc.
	  	Marine Construction	  	PB07WA027
	 MP Murphy Industrial Contractors LLC.
	  	Construction Maintenance
Contractor, Oil Spill Clean Up,
Snow Removal	  	T-02-01
	 General & Mechanical Contractors Inc.
	  	General Construction	  	M-00-106
	 UNI Engineering.
	  	Engineering	  	T-01-02
	 Allstate Power Vac Inc.
	  	Vacuum Service & Tank Cleaning	  	T-00-60
	 Pico Mechanical Inc.
	  	Piping Contractor/Tank Services	  	T-00-13
	 Onboard Engineering Corp
	  	Engineering Services	  	PB09WA7969
	 CBI Services Inc.
	  	Engineering Services	  	M-03-006
	 Aim Mechanical Services LLC
	  	Rotating Equipment Repair	  	PB08WA7079-00
	 Siemens Water Technologies Corp
	  	Treated water outsourcing	  	PB070A-001
	 ExxonMobil Catalyst

(same as No. 4 and 5 above)
	  	MLDW Catalyst	  	N/A
	 WR Grace & Co.
	  	Catalyst	  	N/A
	 Compass Environmental
	  	North Recycle Pond Closure
$3.4 mil. project	  	PB.10.WA.0056.
	 Corrosion Technology
	  	Industrial Soap	  	PB06WA019
	 Univar USA Inc FKS Vop
	  	Chemical, Sodium, Hypochlorite,
Industrial	  	
	 Pitney Bowes
	  	DM 500 With Scale & Intellelink
Lease	  	Lease Service Agreement

					
	 Vendor
	  	 Description
	  	 Local Contract #

	Xerox Corp	  	Plotter and copiers	  	PB09LS8197-00 PB08LS7077 PB06LA001 Corp Agreement
	Siemens Water Corp.	  	Water Treatment Outsourcing)	  	PB070A
	Alpha Laval	  	Exchangers	  	P04501684089

  

	21.	Any purchase orders or work releases issued against the Multi-Site Contracts listed in Section 4.4(b) of these Schedules. 

 

	22.	Any agreements referenced in Schedule A of the Environmental Agreement may constitute Material Contracts. 

 

	23.	Section 4.13 of these Schedules lists certain process licenses that may be Material Contracts. 

 

	24.	Section 8.19(d)(ii) of these Schedules lists certain software applications, the licenses for which may be Material Contracts. In addition, the licenses which are
held in the name of the Company for following software applications may be Material Contracts: 

  

							
	 Vendor
	  	 Generic Name
	  	 Owner
	  	 ServerName

				
	 ACS Firehouse Software
	  	FH Enterprises	  	Valero Refining Company-New Jersey	  	CLDBPBRF01
				
	 Codeware
	  	Compress License	  	Valero Refining Company-New Jersey	  	PBRF-LIC03
				
	 EasyLobby
	  	Easylobby	  	Valero Refining Company-New Jersey	  	CLDBPBRF01
				
	 HP
	  	Application simulator	  	Valero Refining Company-New Jersey	  	VUPPBRF01v
				
	 Industrial Scientific
	  	Industrial Scientific Data Collection	  	Valero Refining Company-New Jersey	  	DSPBRF01
				
	 Industrial Scientific
	  	SKF Aptitude Database -
Equipment Monitoring database	  	Valero Refining Company-New Jersey	  	DBPBRF01
				
	 Industrial Scientific
	  	SKF Transaction Server	  	Valero Refining Company-New Jersey	  	SKFPBRF01
				
	 Internal
	  	Green sheets	  	Valero Refining Company-New Jersey	  	LICPBRF01
				
	 Internal
	  	Version control server	  	Valero Refining Company-New Jersey	  	PBRF-Subversion
				
	 Internal
	  	Webserver for Lab Product Release	  	Valero Refining Company-New Jersey	  	WSPBRF01
				
	 Internal
	  	Webserver, file transfer from Data Historians and MVs to network	  	Valero Refining Company-New Jersey	  	WSPBRF01
				
	 Lenel
	  	Lenel	  	Valero Refining Company-New Jersey	  	
				
	 Mistras Solutions
	  	PCMS - (Plant Condition Management System)	  	Valero Refining Company-New Jersey	  	DBPBRF01
				
	 Retired
	  	TMM Database	  	Valero Refining Company-New Jersey	  	PBRF-TMM01
				
	Rush Business Solutions LLC	  	Fuel Tracking System	  	Valero Refining Company-New Jersey	  	FUELNJPBRF01

					
	Vendor	  	Product Name	  	OwnerofLicense
	 Adobe
	  	Acrobat ® Distiller ® for Windows	  	Valero Refining Company-New Jersey
	 Adobe
	  	Acrobat ® PDF Port for
Windows	  	Valero Refining Company-New Jersey
	 Adobe
	  	Acrobat PDFShell	  	Valero Refining Company-New Jersey
	 Adobe
	  	AcrobatDistiller for Windows	  	Valero Refining Company-New Jersey
	 Adobe
	  	AcroIEHelper Library	  	Valero Refining Company-New Jersey
	 Adobe
	  	AcroIEHelpershim Library	  	Valero Refining Company-New Jersey
	 Adobe
	  	Acronis True Image	  	Valero Refining Company-New Jersey
	 Adobe
	  	AcroTray -Adobe Acrobat Distiller helper application.	  	Valero Refining Company-New Jersey
	 Adobe
	  	Adobe Acrobat	  	Valero Refining Company-New Jersey
	 Adobe
	  	Adobe Designer	  	Valero Refining Company-New Jersey
	 Adobe
	  	Adobe Photoshop Album Starter Edition	  	Valero Refining Company-New Jersey
	 Adobe
	  	Adobe Photoshop CS2	  	Valero Refining Company-New Jersey
	 Adobe
	  	Adobe® Flash® Player ActiveX	  	Valero Refining Company-New Jersey
	 Aladdin
	  	Aladdin Device Driver Custom Installation API	  	Valero Refining Company-New Jersey
	 Aladdin
	  	Aladdin HASP Function Device Driver	  	Valero Refining Company-New Jersey
	 Aladdin
	  	Aladdin Hasp HL Device Driver Installer	  	Valero Refining Company-New Jersey
	 Aladdin
	  	Aladdin Hasp SRM Device Driver Installer	  	Valero Refining Company-New Jersey
	 Aladdin
	  	Aladdin HASP® HL	  	Valero Refining Company-New Jersey
	 Aladdin
	  	Aladdin HASP® SRM	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	AutoPLANT	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	Bentley Data Manager	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	Bentley Document Manager	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	Bentley Project Database	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	Bentley Project Database Component	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	Bentley Project Packager	  	Valero Refining Company-New Jersey
	 Bentley Systems Inc
	  	Bentley Split Merge	  	Valero Refining Company-New Jersey
	 Bently Nevada
	  	Bently Nevada DAQ Connection Manager.	  	Valero Refining Company-New Jersey
	 Bently Nevada
	  	Bently PERFORMANCE	  	Valero Refining Company-New Jersey
	 Lenel
	  	Lenel Network Video Suite	  	Valero Refining Company-New Jersey
	 Lenel
	  	Lenel OPC Server	  	Valero Refining Company-New Jersey
	 Lenel
	  	Lenel OPC Server	  	Valero Refining Company-New Jersey
	 Lenel
	  	Lenel Systems International, Inc. LicenseServer	  	Valero Refining Company-New Jersey
	 Pervasive Software
	  	Btrieve for Windows NT / Windows 95	  	Valero Refining Company-New Jersey
	 Rockwell Automation
	  	CenterONE	  	Valero Refining Company-New Jersey
	 Rockwell Automation
	  	CenterONE® for Windows	  	Valero Refining Company-New Jersey
	 Secunia
	  	Livelink Enterprise Scan	  	Valero Refining Company-New Jersey
	 Secunia
	  	Livelink Imaging 9.5	  	Valero Refining Company-New Jersey

 Schedule 4.4(a)-2 

Seller Contracts 
  

	1.	Light Products Off-Take Agreement between VMSC and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution Date. [Subject to removal if
assigned to the Company pre-closing or if there will be an offtake or other arrangement at Closing resulting in commercial contracts being assigned post-Closing] 

 

	2.	Purchase and Sales Agreement for Lubricant Base Oils between VMSC and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution Date.
[Subject to removal if assigned to the Company pre-closing or if there will be an offtake or other arrangement at Closing resulting in commercial contracts being assigned post-Closing] 

 

	3.	Terminal Service Agreement (Contract #30163) dated October 30, 2007, between VMSC and Hess Corporation, for 300,000 bbl of black oil storage at the Hess terminal
in Baltimore, Maryland. 

  

	4.	Petcoke Handling Services Agreement dated December 11, 2002 between Valero Marketing and Supply Company and Savage Industries Inc. as amended through the Execution
Date. 

  

	5.	Service Agreement Processing dated January, 2007 by and between Port Contractors, Inc. and The Premcor Refining Group, Inc., as amended, to the extent that such
Agreement provides for processing of fluid petroleum coke from the Refinery. 

  

	6.	Service and Lease Agreement– Facility B dated May 1, 2006 by and between Port Contractors, Inc. and Valero Marketing and Supply Company, as amended.

  

	7.	Track Lease Agreement dated October 1, 2009 between Southern Railroad of New Jersey and Valero Marketing and Supply Company, as amended through the Execution Date.

  

	8.	Railcar Staging Contract between Lehigh Valley Rail Management LLC and VMSC. 

 

	9.	Empty L.P.G. Tankcar Storage Agreement between Winchester & Western Railroad Company and Valero Energy 

 

	10.	Track Lease Agreement dated October 1, 2009 between Southern Railroad of New Jersey and VMSC. 

 

	11.	 Paulsboro Rouge Settlement Letter Agreement dated April 27, 2009 between Valero Marketing and Supply Company and Valero Refining Company –
New Jersey and Buckeye Pipe Line Transportation LLC, to the extent of VMSC’s rights and obligations 

	 	
under the Letter Agreement. At Closing VMSC shall assign its rights under such Letter Agreement to the Company and the Company shall assume any and all obligations under the Letter Agreement.

  

	12.	Paulsboro Pipeline System Shortages Letter Agreement dated April 26, 2007 between Valero Marketing and Supply Company and Valero Refining Company – New Jersey
and Buckeye Pipe Line Transportation LLC. to the extent of VMSC’s rights and obligations under such Letter Agreement, to the extent of VMSC’s rights and obligations under the Letter Agreement. At Closing VMSC shall assign its rights under
such Letter Agreement to the Company and the Company shall assume any and all obligations under the Letter Agreement. 

  

	13.	The following Specialty Contracts: 

  

													
	 Doc #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	60	  	American Coals	  	40241775-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	61	  	Carmeuse Lime Inc	  	40241772-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	62	  	Chemical Lime Co	  	40241776-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	63	  	ESSROC Cement Corp	  	40241582-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	64	  	Hercules Cement Co	  	40241979-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	65	  	Keystone Cement Co	  	40241769-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	66	  	Keystone Coal Company	  	40241771-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	67	  	LaFarge North America	  	40241774-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	49	  	Savage Company	  	1000013170	  	Purchase	  	Petcoke	  	7/01/2010	  	6/30/2012
	69	  	PCS Phosphates	  	40242379	  	Sales	  	Sulfur	  	1/01/2010	  	12/31/2010
	76
 126
	  	Sunoco (Braskem PP Americas)	  	40245348	  	Sales	  	Propyref	  	1/01/2010	  	12/31/2011
	33	  	Exxon Mobil Oil Corporation (as referenced in 4 above)	  	40002465	  	Sales	  	Lube	  	9/17/2008	  	9/16/2013
	58	  	BP Lubricants USA	  	40017745-10	  	Sales	  	Lube	  	1/1/2002	  	12/31/2010
	77	  	Pennzoil Quaker State	  	40220877	  	Sales	  	Lubes	  	3/01/2009	  	12/31/2010
	78	  	Total Lubricants	  	40186269	  	Sales	  	Lubes	  	1/01/2008	  	12/31/2010
	79	  	Ackerman	  	40027493	  	Sales	  	Lubes	  	1/06/2003	  	12/31/2010
	80	  	Bel-Ray	  		  	Sales	  	Lubes	  	1/01/2010	  	12/31/2010
	81	  	Advanced Lubrication Specialties Co	  		  	Sales	  	Lubes	  	2/16/2010	  	2/15/2011
	82	  	 Infineum, USA LP
 VP100
Volume Agreement
 VP165 Volume Agreement
	  		  	Sales
 Sales
	  	Lubes
 Lubes
	  	4/1/2009
 11/1/2008
	  	3/31/2010
 12/31/2010

	83	  	Chevron Products Co (Charleston, SC)- Operating under MOU	  		  	Sales	  	Lubes	  	1/15/2010	  	6/30/2010
	84	  	Chevron Products Co (Bayonne, NJ)	  		  	Sales	  	Lubes	  	1/15/2010	  	12/31/2010
	85	  	Chevron Products Co (Willbridge, OR)	  		  	Sales	  	Lubes	  	1/15/2010	  	12/31/2010
	98	  	Lukoil Marine Lube	  	40248697	  	Sales	  	Lubes	  	3/16/2010	  	12/31/2010
	122	  	Aeropres	  	4200071388	  	Purchases	  	NGL	  	6/01/2009	  	7/31/2011
	100	  	BP Canada Energy Company	  	4200079932	  	Purchases	  	NGL	  	5/1/2010	  	3/31/2011
	107	  	Enright & Sons	  		  	Sales	  	Propane	  	5/01/2010	  	4/30/2011
	108	  	EUSA- Allied Acquisition Corp	  	20194727	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011

															
	 	109	  	  	Global Gas Inc	  	20194038	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 	110	  	  	Heller’s Gas, Inc.	  	20194637	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 	111	  	  	Inergy Propane LLC	  	20194744	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 	113	  	  	Ronald L. Allen Inc	  	20193769	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 	114	  	  	BP Canada Energy	  	4200083384	  	Purchases	  	C4	  	9/1/2010	  	9/30/2010
	 	115	  	  	BP Lubricants USA	  		  	Sales	  	Lubes	  	7/15/2010	  	7/14/2011
	 	116	  	  	Cam2 International, LLC	  		  	Sales	  	Lubes	  	9/1/2010	  	8/31/2011
	 	117	  	  	Chemture Canada	  	20205242	  	Sales	  	Lubes	  	9/17/2010	  	10/6/2010
	 	118	  	  	David Weber Oil	  		  	Sales	  	Lubes	  	6/1/2010	  	5/31/2011
	 	119	  	  	Hangsterfers Laboratories	  		  	Sales	  	Lubes	  	7/1/2010	  	6/30/2011
	 	120	  	  	Petro-Canada Lubricants	  		  	Sales	  	Lubes	  	7/1/2010	  	6/30/2011
	 	121	  	  	Pinnacle Oil	  		  	Sales	  	Lubes	  	4/1/2010	  	12/31/2010
	 	123	  	  	Centennial Energy LLC	  	20204062	  	Sales	  	Propane	  	9/1/2010	  	9/30/2010
	 	124	  	  	Elbow River Marketing LTD	  	20204040	  	Sales	  	Propane	  	8/25/2010	  	9/30/2010
	 	125	  	  	Inergy Propane LLC	  	20203972	  	Sales	  	Propane	  	9/1/2010	  	9/30/2010

	14.	The following Jet Fuel Contracts 

 JET FUEL
CONTRACTS – 09/08/2010 
  

											
	 Counterparty
	 	Contract #	    	 Product
	    	Beginning
Date	    	Expiration
Date	    	 Notes

						
	Philadelphia Deliveries	 		    		    		    		    	
						
	2. British Airways PLC	 	40260639	    	Jet FTZ	    	08/01/2010	    	07/31/2011	    	
	3. Continental Airlines	 	40257546	    	Jet	    	07/01/2010	    	06/30/2011	    	May move to WFS
	4. Delta Airlines	 	40254603	    	Jet	    	06/01/2010	    	05/31/2011	    	
	5. Federal Express Corporation	 	40254912	    	Jet	    	06/01/2010	    	12/31/2010	    	
	6. Frontier Airlines Post Bankruptcy	 	40257119	    	Jet	    	07/01/2010	    	06/30/2011	    	
	7. Lufthansa	 	40226545	    	Jet FTZ	    	06/01/2009	    	05/31/2011	    	
	8. Southwest Airlines	 	40260713	    	Jet	    	08/01/2010	    	07/31/2011	    	
	9. United Airlines	 	40249751	    	Jet	    	04/01/2010	    	03/31/2011	    	
	10. United Parcel Service Co.	 	40228193	    	Jet	    	07/01/2009	    	06/30/2011	    	
	11. US Airways	 	40236304	    	Jet and Jet FTZ	    	10/01/2009	    	10/31/2010	    	
	12. USA 3000 Airways	 	40236293	    	Jet	    	10/01/2009	    	09/30/2010	    	
						
	Paulsboro Rack (Different Locations)	 		    		    		    		    	
						
	13. AVFUEL Corporation	 	40229876	    	Jet	    	07/01/2009	    	06/30/2010	    	
	14. Arrow Energy	 	40264586	    	Jet	    	09/01/2010	    	08/31/2011	    	
	15. Chevron Global Aviation	 	40258838	    	Jet	    	07/01/2010	    	11/30/2010	    	
	16. Epic Aviation LLC	 	40258735	    	Jet	    	07/01/2010	    	06/30/2011	    	
	17. ExxonMobil Oil Corp.	 	40043149	    	Jet	    	11/01/2003	    	10/31/9999	    	
	19. Shell Oil Products U.S.	 	40213398	    	Jet	    	01/01/2010	    	12/31/2010	    	
	20. Western Petroleum	 	40243147	    	Jet	    	01/01/2010	    	12/31/2010	    	
	21. World Fuel Services (Jet Fuel)	 	40262452	    	Jet	    	08/01/2010	    	07/31/2011	    	

	15.	The following Light Product Contracts: 

  

											
	Paulsboro Term Contracts
						
	 Counterparty
	  	 Contract #
	    	 Product
	    	 Beginning Date
	  	 Expiration Date
	  	 Notes

						
	 Duck Island
	  	40205555	    	Heating Oil	    	October 1, 2008	  	October 31, 2010	  	
						
	 Shipley Fuels
	  	40237445	    	 CBOB Unleaded Gasoline

CBOB Premium Gasoline
	    	November 1, 2009	  	October 31, 2010	  	One year term
		  	40237446	    	Heating Oil	    	November 1, 2009	  	October 31, 2010	  	One year term
						
	 [REDACTED] Off-Take

(referenced in 3 above)
	  	40187981	    	 CBOB Unleaded Gasoline
 CBOB
Premium Gasoline
	    	September 16, 1998	  	August 31, 2018	  	 EOM’s option on 2nd 5-yrs
 which
would be 2018

		  	40187982	    	Heating Oil	    	September 16, 1998	  	August 31, 2018	  	 EOM’s option on 2nd 5-yrs
 which
would be 2018

		  	40187821	    	RBOB	    	September 16, 1998	  	August 31, 2018	  	 EOM’s option on 2nd 5-yrs
 which
would be 2018

		  		    	PBOB	    		  		  	
		  	40235945	    	Ethanol/DN	    	September 16, 1998	  	August 31, 2018	  	 EOM’s option on 2nd 5-yrs
 which
would be 2018

		  	40187822	    	Heating Oil	    	September 16, 1998	  	August 31, 2018	  	 EOM’s option on 2nd 5-yrs
 which
would be 2018

						
	 Tower Energy
	  	40234548	    	CBOB Unleaded Gasoline	    	September 1, 2009	  	October 31, 2010	  	

 Schedule 4.4(b) 

Excluded Contracts 
  

	1.	Except for the Other Agreements and the Environmental Agreement, any contracts or agreements between or among Company and/or Seller, on the one hand, and Valero Energy
Corporation and/or any of its Affiliates, on the other hand. 

  

	2.	Any Valero Energy Corporation insurance policies, insurance programs or other types of insurance coverage, except any policies that may be procured by Seller or any of
its Affiliates pursuant to Article 7 of the Environmental Agreement. 

  

	3.	All assumed names held by Seller and the Company. 

  

	4.	All trademarks, trade names, patents and other intellectual property owned by Seller or any of its Affiliates (excluding the Company). 

 

	5.	Any guarantees made or entered into by Valero Energy Corporation or any of its Affiliates (other than the Company), including the following (without limitation):

 Guaranty by Valero to New Jersey Department of Environmental Protection dated 5/21/2003 (updated annually) in
connection with Financial Assurance 
 Letter of Credit obligation for the benefit of New Jersey Department of Environmental
Protection in the amount of $2,547,406 to secure closure and post closure costs. 
  

	6.	All Branded and Unbranded Refined Products (including without limitation light products and specialty products) Sales Contracts of VMSC except for those Seller
Contracts specifically described in Schedule 4.4(a)-2 hereof. 

  

	7.	All Asphalt Sales Contracts and Asphalt Terminalling and Throughput Agreements of VMSC. 

 

	8.	All Product Exchange Agreements of VMSC. 

  

	9.	All term and spot crude supply contracts of VMSC. 

  

	10.	All Carrier Access Agreements of VMSC. 

	11.	The following buy/sell arrangement with Plains Marketing Canada, LP 

  

											
	 Plains Marketing
	  	4200079667	  	Purchases	  	NGL	  	10/1/2010	  	2/28/2011
	 Plains Marketing
	  	40249582	  	Sales	  	NGL	  	4/1/2010	  	8/31/2010

  

	12.	All Multi-Site Contracts, subject to the provisions of Section 8.15 of the Agreement relating to Buyer’s obligation to honor certain obligations outstanding
as of Closing. 

  

	13.	All the software licenses in Section 8.19(b)(i) of these Schedules. 

 

	14.	Terminal Services Release No. 06-09-1136 / B155-01 between VMSC and Valero Logistics Operations, L.P. (now NuStar) dated December 6, 2006, including relevant
provisions of the Enabling Terminal Services Agreement referenced therein, relating to the NuStar terminal in Paulsboro, New Jersey. 

  

	16.	As further provided in Section 8.15 of the Agreement (and subject to the terms thereof), all Multi-Site Contracts are Excluded Contracts, will not be
assigned to Buyer and will be terminated as to the Company effective as of Closing; however, the Company will be obligated to honor any purchase orders or work releases issued against these contracts that are outstanding as of Closing, so long as
they were not issued in violation of Seller’s obligations in Section 6.1 of the Agreement and Buyer or the Company receives the benefit of the goods or services even if the contract is not assigned or a new contract is not entered
into. Should Buyer so request, Seller will provide Buyer with contact information for Seller’s account representatives at these vendors, so that Buyer may pursue its own contract(s) with them. The following Multi-Site Contracts have an annual
spend in excess of $1,000,000 per year based on amounts spent in 2010 through the Execution Date and amounts projected to be spent through the end of 2010 or are critical for the conduct of the Business as currently conducted and are disclosed to
Buyer for informational purposes only: 

  

					
	Vendor	  	Description	  	Local Contract #
	 Godwin Pumps of America Inc
	  	Rental Pumps	  	CORP.FA.6401
	 Veolia ES Industrial Services Inc
	  	Waste water sludge	  	MC2003.011
	 Innovative Turnaround Controls Ltd
	  	Turnaround management	  	CORP08MS6111-00
	 Safway Services LLC
	  	Scaffolding Service/Rentals	  	CORP06MS3266
	 Deacon Industrial Supply Co
	  	PVF Consignment Trailers	  	MRO.PVF.2003.015
	 GEP Tek Inc dba GTI
	  	Waste Management	  	Corp.04.WMMA-GTI
	 Hagemeyer North America Inc
	  	Safety Supplies	  	MRO.SMS.2003.022
	 SGS North America Inc
	  		  	CORP.09.MS.00001
	 Kenny Atlantic Industrial Services
	  	Hole Watch, Bottlewash, Scaffold Support, Multiple Crafts	  	MS2002.03
	 Hertz Equipment Rental Corp
	  	Equipment Rentals	  	CORP.05FA.2871

					
	Vendor	  	Description	  	Local Contract #
	 Jacobs Engineering Group Inc
	  	Eng. Services	  	ENE.2002.01-CC02
	 Flowserve Us Inc
	  	Rotating Equipment	  	CORP.04.FA.0039
	 Franklin Electric Co
	  	Electrical Supplies	  	MRO.ES.2003.012
	 Honeywell International Inc
	  	Instrumentation, Software & Hardware support	  	Multiple Agreements
	 Western Oilfields Supply Co dba

Rain For Rent
	  	Tank, pump, filter, container	  	CORP.07.FA.4398
	 Dresser Rand Company
	  	Generator repairs on-site	  	CORP04FA0035
	 Amquip Crane Rental LLC
	  	Crane Rental	  	CORP.FA.08.6208
	 NALCO CO
	  	Specialty Chemicals	  	CORP06CH3590
	 PPG Industries Inc
	  	Caustic Soda	  	Corp08CH6872
	 SOLVAY CHEMICALS INC
	  	HF Acid	  	CCA.2002.005

  

					
	Vendor	  	Description	  	Local Contract #
	 Albemarle
	  	Catalyst	  	Corp.04.CT.0571
	 UOP LLC
	  	Catalyst	  	CCA.2003.031
	 United Color Manufacturing Inc.
	  	Red Dye	  	CORP05CH3104.01
	 John Crane, Inc.
	  	Consignment & Inventory Agreement Amendment	  	CORP.07.FA.4910
	 Koch Glitch LP
	  	OEM Tower Internals Service & Materials	  	CORP.04.FA.0043
	 Intertek USA Inc
	  	Asphalt, Tank & Equip Inspection	  	CORP05MS3013
	 Brask Inc. dba Brask Inc-IEE
	  	Heat Exchanger Fabrication	  	CORP.06.FA.3200
	 Aggreko LLC
	  	Rent - Temp Cooling Tower System	  	CORP.05FA.3061
	 The Equity Engineering Group Inc
	  	Engineering	  	CORP.07.CS.5730
	 Team Industrial Services Inc
	  	Leak Repair/Inspection Services/Clamp and Torque	  	MS2003.015
	 John Zink Co LLC
	  	Heater Start-up Services	  	CORP.06.FA.4287
	 Nooter Construction Co Inc
	  	 Mechanical

ContractorCORP06MS3295
	  	CORP06MS3295
	 Invensys Systems Inc
	  	DCS Hardware & Software	  	 CORP.07.FA.5838

Invensys

	 Convergint Technologies LLC
	  	Badge Readers& CCTV	  	CORP.08.WA.6282
	 National Response Corp.
	  	Spill Response	  	

 Schedule 4.6 
 Compliance with Law 
 [REDACTED] 

 Schedule 4.7 
 Litigation 
 [REDACTED] 

 VALERO REFINING COMPANY — NEW JERSEY 

Policy Schedule 
 As of 09/24/2010 
  

							
	 Coverage Description
	 	 Company
	 	 Policy No.
	 	 Policy Term

	 Primary Casualty Program
	 		 		 	
	 Business Automobile
	 	Ace American Insurance Company	 	ISA H08589045	 	05/01/10-05/01/11
				
	 Workers Compensation (AOS)
	 	Ace American Insurance Company	 	WLR C46133213	 	05/01/10-05/01/11
				
	 Excess WC (Qualified Self Insured)
	 	Ace American Insurance Company	 	WCU C46133237	 	05/01/10-05/01/11
				
	 General Liability
	 	Ace American Insurance Company	 	XSLG24940937	 	05/01/10-05/01/11
				
	 Workers Compensation (NJ)
	 	Ace American Insurance Company	 	SCF C46133225	 	05/01/10-05/01/11
				
	 Marine Liability
	 	Colonnade Vermont Insurance Company	 	347-1-10CA17	 	05/01/10-05/01/11
				
	 Excess Liabilities
	 		 		 	
	 $950 million
	 	Attach at limit of Primary Casualty above	 	Various - including Ace, AIG, Axis, Zurich Swiss Re, and other London and Bermuda markets	 	05/01/10-05/01/11
	 Pollution Liability
	 		 		 	
	 Primary - $80mm

Excess - $50mm
	 	American International Specialty Lines Indian Harbor Insurance Company	 	 PLS1956435
 XEC0015864
	 	 01/31/04-01/31/14
 01/31/04-01/31/14

	 Property Program
	 		 		 	
	 $50 million Property Damage / 60 days Business Interruption ($25 million minimum), with an
additional $90 million BI/PD retention
	 	Various - including OIL, Ace, AIG, Swiss Re, Munich Re, Liberty Mutual, and other London and Bermuda markets	 	Various - Up to $1.3 billion limit	 	06/01/10-06/01/11
				
	 Marine Cargo
	 		 		 	
	 Primary

$20mm po $50mm Excess
	 	Southern Marine, CV Starr Lloyd’s of London	 	SM4-1381, CHS 00034 USA1 63480	 	 11/01/09-11/01/10
 11/01/09-11/01/10

				
	 ROCIP
	 	Ace American Insurance Company	 	WLR C46452628	 	08/01/10-08/01/12

 Schedule 4.9(a) 

Section (i) & (ii)
 Employees as of September 15, 2010 
 [REDACTED] 

 Schedule 4.9 (a) 

Section (iii) 
 Employees on Short-Term Leave or Long-Term Disability 
 [REDACTED]

 Schedule 4.10 
 Company Plans and Company Benefit Obligations 
 Non-Represented Employees and IOW
Represented Employees 
 Valero Energy Corporation Pension Plan 
 Premcor Pension Plan 
 Valero Energy Corporation Thrift Plan 

Premcor Retirement Savings Plan 
 Valero Energy
Corporation Excess Pension Plan 
 Valero Energy Corporation Excess Thrift Plan 
 Valero Energy Corporation Deferred Compensation Plan 
 Valero Energy Corporation Flex Benefits
Plan (omnibus welfare benefit plan) 
  

	 	•	 	 Medical 

  

	 	•	 	 Prescription Drug 

  

	 	•	 	 Dental 

  

	 	•	 	 Basic Life & AD&D 

  

	 	•	 	 Vision 

  

	 	•	 	 Short-Term Disability 

  

	 	•	 	 Long-Term Disability 

  

	 	•	 	 Vacation Buy/Sell 

  

	 	•	 	 Survivor Income 

  

	 	•	 	 Health FSA 

  

	 	•	 	 Dependent Care FSA 

  

	 	•	 	 Legal Services 

  

	 	•	 	 Cancer Plan 

 Valero Energy
Corporation Long-Term Care Plan 
 Valero Energy Corporation Flex Cafeteria Plan (Section 125 Plan) 

Valero Energy Corporation Retiree Benefits Plan 

Vacation, educational assistance, adoption assistance, employee assistance program and short-term leave obligations as set forth in Valero’s
employee policies and procedures applicable to flex employees. 
 Continuing coverage to 6 active and 12 LTD union employees with Blue Cross
Blue Shield 

 Schedule 4.11(a) 

Collective Bargaining Agreement 
 Collective Bargaining Agreement between Independent Oil Workers (IOW) and Valero Refining Company, New Jersey dated 3-26-09 
 Letter of Agreement dated 10-20-09 relating to the reduction in workforce at the Paulsboro Refinery 

 Schedule 4.11(b) 

Labor Matters 
 [REDACTED] 

 Schedule 4.12 
 Taxes 
  

	1.	The statute of limitations for assessing a deficiency for federal income taxes against Valero Energy Corporation and Subsidiaries has been extended for each of the tax
years ending 2002 through 2006. The statute of limitations has also been extended with respect to partnership items for several partnerships indirectly wholly-owned by Valero Energy Corporation. Valero, the Company, members of the Relevant Group,
and related partnerships customarily sign extensions to extend the statute of limitations for assessing a deficiency for federal income taxes against Valero Energy Corporation and Subsidiaries. Valero intends to continue this practice and will sign
extensions of the statute of limitations as requested by the Internal Revenue Service. 

  

	2.	The period of limitations for assessing a deficiency against Company for New Jersey income tax purposes has been extended for 2004. Valero, the Company, members of the
Relevant Group, and related partnerships customarily sign extensions to extend the statute of limitations for assessing a deficiency for federal income taxes against Valero, the Company, members of the Relevant Group, and related partnerships.
Valero intends to continue this practice and will sign extensions (or request that Buyer sign extension post Closing for the Company) to extend the statute of limitations as requested by various state and local jurisdictions to assess a deficiency
for income or franchise tax. 

  

	3.	The following Revenue Agent Reports from the IRS have been received: 

  

					
	 Taxpayer
	  	 Jurisdiction/TypeTax Year End
	  	 Notice

			
	Valero Energy Corporation and Subsidiaries	  	Federal/Income 2002-2003	  	30-Day Letter
			
	Diamond Shamrock Refining Company LP	  	Federal/Income 2002-2003	  	60-Day Letter

  

	4.	See Schedule 4.12 (a) for a listing of 5701s, Notice of Proposed Adjustment, that have been received for the Company. Valero and members of the Relevant Group have
received similar notices, as well as additional notices on different topics. 

  

	5.	Federal income tax audits are currently being conducted by the IRS with respect to Valero Energy Corporation and Subsidiaries, and several partnerships indirectly
wholly-owned by Valero Energy Corporation, for the 2002-2007 audit cycles. 

  

	6.	The State of New Jersey is currently auditing the income tax returns of the Company for the years ending 2004-2007. 

 

	7.	Various members of the Relevant Group are under audit by various state and local jurisdictions related to income and franchise taxes. 

	8.	Valero, the Company, and members of the Relevant Group have filed extensions of time to file state and local tax returns for the period ending at December 31,
2009. No extensions have been requested beyond that which is allowed under the extension laws of the various states and local jurisdictions. 

  

	9.	New Jersey Sales/Use Tax Audits. 

The state of New Jersey audited VRC-NJ’s sales/use tax liabilities and payments for the periods October 1999 to December 2003
(“audit period”). VRC-NJ entered into a Closing Agreement with the State on August 19, 2008 and paid consideration in the amount of $12.5 million to resolve all tax sales/use tax disputes with respect to the audit period. The
consideration paid included tax, interest and penalties of $7.0 million, $5.3 million and $0.2 million, respectively. In that audit, the auditor claimed that sales/use tax was not paid on a number of transactions, primarily related to turnaround
labor costs and repairs and maintenance. 
 VRC-NJ accrued additional sales/use tax reserves in the amount of $12.6 million
during the third quarter of 2007 by applying error rates determined for the audit period to a population of similar transactions in the subsequent open periods January 2004 to June 2007. VRC-NJ implemented Sabrix, a sales/use tax decision-making
software, effective July 1, 2007 and, accordingly, did not accrue sales/use tax reserves for VRC-NJ for audit periods after June 2007. 
 The state of New Jersey has notified VRC-NJ of its intent to perform a subsequent audit of VRC-NJ. However, certain sales/use tax reserves previously accrued for the periods January 2004 to February 2006
have been reversed as open periods have fallen out of the statute of limitations. Sales/use tax reserves recorded as of December 31, 2008 and 2007 for open periods through June 2007 were $13.3 million and $10.6 million, respectively.

 As of June 30, 2010, the tax statutes for VRC-NJ are open for the periods June 2006 to current. The remaining sales/use
tax reserves recorded on VRC - NJ for open audit periods through June 2007 were $4.1 million as of June 30, 2010. 
  

	10.	Transaction Taxes-Tax Return Filing Jurisdictions as of 6/30/2010 

  

					
	 Type of Tax
	  	 Jurisdiction
	  	 Frequency

	 Federal Excise Tax Deposits
	  	Federal	  	Semi-monthly
	 Federal Excise Tax Return - Form 720
	  	Federal	  	Quarterly
	 Federal Excise Tax - Refund for Refinery Use - Form 8849
	  	Federal	  	Quarterly
	 Motor Fuel Distributor’s Report
	  	New Jersey	  	Monthly
	 Seller/User of Special Fuels
	  	New Jersey	  	Monthly
	 Spill Compensation & Control Tax
	  	New Jersey	  	Monthly
	 Storage Facility Operators Report/Valero-Paulboro
	  	New Jersey	  	Monthly
	 Storage Facility Operators License Renewal
	  	New Jersey	  	Annual
	 Sales and Use Tax ST-50 Estimated Tax
	  	New Jersey	  	Monthly

					
	 Sales and Use Tax Return ST-51
	  	New Jersey	  	Quarterly
	 Petroleum Gross Receipts PPT-40 Estimate
	  	New Jersey	  	Monthly
	 Petroleum Gross Receipts Return PPT-41
	  	New Jersey	  	Quarterly
	 New Jersey Direct Payment Report
	  	New Jersey	  	Quarterly
	 Electricty Sales and Use Tax Return ST51EN
	  	New Jersey	  	Quarterly
	 Electricty Sales and Use Tax Estimated Payments ST50EN
	  	New Jersey	  	Monthly

  

	11.	Seller and Buyer agree and understand that there are pending Tax appeals contesting the valuation of the Business and Assets for the Tax years 1998 through 2010. It is
agreed and understood that, to any extent necessary, Buyer shall cooperate fully and cause the Company to cooperate fully with Seller’s efforts to prosecute and resolve these Tax appeals including, but not limited to, making the Assets
available and providing, upon reasonable demand and subject to a protective order, any and all documents necessary for the resolution of said Tax appeals. It is further agreed and understood that (i) all refunds for overpayment of ad valorem
Taxes and interest thereon resulting from the foregoing Tax appeals covering the period of time 1999-2009 are Seller’s sole and exclusive property (ii) all refunds for overpayment of ad valorem Taxes and interest thereon resulting from the
foregoing Tax appeals covering the year 1999 are to be allocated between the Valero and Mobil pursuant to the Purchase Agreement with Mobil and (iii) all refunds, and any interest thereon, for overpayment of ad valorem Taxes resulting from the
foregoing Tax appeal for the year 2010 shall be allocated in accordance with Section 4.12 of the Agreement. If, for any reason, any part of any refund and interest thereon which is due to the Company is credited against Taxes payable by
the Company, Buyer shall pay to Seller as such Taxes become due and payable, without set off, such amount which Seller would have received by way of refund and interest thereon. The Parties further agree that for the Tax year 2010, Seller and Buyer
shall share litigation expenses, to the extent created after Closing, in the prosecution of that appeal. Buyer further understands in 1998, the Township of Greenwich changed the manner in which it assessed the Assets by bifurcating its assessment
among real and personal property. The Company is disputing among other things, the constitutionality of that action. Buyer agrees that in order to maintain the integrity of the pending Tax appeal, it shall cause the Company to make all real and
personal property Tax payments in a timely manner to the Township of Greenwich. Buyer has been advised that the payment of Taxes in a timely manner is a jurisdictional prerequisite to the continuation of prosecution Tax appeals in the State of New
Jersey. 

 Schedule 4.12 - TAXES 

 

													
	 Jurisdiction
	 	 Type of Tax
	 	 Legal Entity
	 	 Period Under

Audit
	 	 Original
Limitation Period
	 	 Extended

Limitation Period
	 	 Significant

Issues

	Federal	 	Income	 	Valero Energy Corporation and Subsidiaries	 	2002-2003	 	2006-2007	 	2002 and 2003 extended to 12/31/2010	 	Chemical Assets
							
	Federal	 	Income	 	Valero Energy Corporation and Subsidiaries	 	2004-2005	 	2008-2009	 	2004 and 2005 extended to 12/31/2010	 	Environmental Remediation, Chemical Depreciation. Unit fill/Line fill
							
	Federal	 	Income	 	Valero Energy Corporation and Subsidiaries	 	2006-2007	 	2010-2011	 	2006 extended to 12/31/2010	 	Environmental Remediation, Chemical Assets
							
	New Jersey	 	Income	 	Valero Refining Co - New Jersey	 	2004-2007	 	2009-2012	 		 	Interest expense add back
							
	New Jersey	 	All State	 	Valero Refining Co - New Jersey	 	2006 - Present	 		 		 	Sales/use, income, gross receipts, etc.

 Schedule 4.13(a) 

Intellectual Property Matters 
 Part I 
 Process Licenses. 

 

	1.	As identified on Section 4.13(b) of these schedules, there are some process licenses that were originally issued to Mobil and for which Seller cannot find evidence
they were transferred to the Company, though arguably they may have been covered under the Intellectual Property Rights License Agreement dated September 16, 1998 between Mobil Oil Corporation and the Company. 

 

	2.	As identified on Section 4.13(b) of these schedules, there are some units in use at the Refinery that Seller thinks might contain third party technology, but for
which no license could be located. Seller is not advising Buyer as to whether or not some of the technology originally covered by these licenses was or is now “open art” or other similar technology for which a license is no longer
required. Seller has no Knowledge of any person having claimed that the Company’s use of such units violates the terms of any license or otherwise constitutes an unauthorized use of such person’s technology embodied in such units.

  

	3.	For informational purposes only, Seller has listed some process licenses on Section 4.13(b) of these schedules that relate to units either never placed into
service or taken out of service. Seller is not making any representations as to whether those licenses could be relied upon to place those units back into service. 

 Part II 
 Engineering Service Agreements. The Company has engaged various
firms to provide engineering services at the Refinery over the years, and it is not uncommon for engineering agreements to include grants of rights to use the engineering firm’s intellectual property (e.g. know-how) that is included in the
deliverables (e.g. drawings) or that is otherwise provided as part of the services. To the extent that any such intellectual property rights are included as part of the Assets, the Company shall retain these rights, and to the extent such
intellectual property rights are included as part of the deliverables under any of the Seller Contracts related to the Refinery, Seller it is Seller’s intent to include such intellectual property with the assignment of any Seller Contract, to
the extent within Seller’s right, but Seller makes no representations or warranties as to whether or to what extent any such intellectual property exists or, if it does, whether it can be transferred to Buyer. 

 Part III 
 Software. 
  

	1.	See Section 8.19(d)(i) of these Schedules for information regarding certain software applications which have been used in connection with the Business that
will not be transferred to Buyer. Seller or its Affiliates may utilize them to provide services pursuant to the Transition Services Agreement. 

  

	2.	Third party software applications that were not transferred to the Company by Mobil. 

 Schedule 4.13(b) 

Process Licenses 
 The
following are the known Process Licenses used by the Company in connection with the operation of the Refinery process units. Seller is not advising Buyer as to whether or not some of the technology originally covered by these licenses is now
“open art” or other similar technology for which a license is no longer required. As noted below, to Sellers’ Knowledge some of these licenses were never transferred from the prior Refinery owners to the Company. 

 

							
	 Third Party
 Technology
	  	 Licensor
	  	Current Licensee	  	 License Document

				
	FCC Gasoline Hydrotreating	  	Axens North America	  	VRC-NJ	  	 Technology Transfer Agreement (Process License)
  

Process Book and Operating Guidelines License

				
	Lubes & Specialty Products	  	H&R International	  	VRC-NJ	  	License Agreement
				
	Miscellaneous	  	Mobil Oil Corporation	  	VRC-NJ	  	Intellectual Property Rights License Agreement
				
	Tail Gas Treating Units	  	TPA Howe-Baker Process	  	VRC-NJ	  	License Agreement
				
	FCC	  	UOP	  	VRC-NJ	  	Process License
				
	Merox – LPG FCC Gasoline LSR Gasoline	  	UOP	  	VRC-NJ	  	Process License
				
	CCR Platforming Process	  	UOP	  	VRC-NJ	  	Process License
				
	Chlorsorb Process	  	UOP	  	VRC-NJ	  	Process License
				
	Hydrogen Purification (PSA)	  	UOP	  		  	We believe that the PSA may contain UOP technology, but UOP has indicated that there are no license agreements associated with the unit
				
	HF Alkylation	  	UOP	  	Mobil	  	Process License

							
				
	FCC Closed Cyclones ATOMAX – Version 1 Stripper Modifications (Flux Tube)	  	Mobil – M.W. Kellogg	  	Mobil	  	 No Process License located
  

Atomax- I, flux tubes and closed cyclones removed from service;

				
	FCC Atomax II	  	KBR	  	Mobil	  	No process license located
				
	BSR Stretford	  	UOP	  	VRC-NJ	  	 Process License
 This unit was
decommissioned and replaced with amine tail gas treating in 2005/2006

				
	Sulfur Plants	  	Parsons	  		  	Parsons found no record of a license and has not indicated that one is required.
				
	Hydrogen Plant (Furnace)	  	KTI	  		  	Unknown
				
	FCC Scrubber	  	Belco	  	VRC-NJ	  	The Work Agreement for the construction of the unit includes a license to practice Belco’s technology with respect to the unit.
				
	CHD reactor	  	ExxonMobil Research and Engineering	  	VRC-NJ	  	ULSD Quench Zone Technology License Agreement dated 1/3/08 (not in service)
				
	CHD reactor	  	ExxonMobil Research and Engineering	  	VRC-NJ	  	Quench Zone Technology Process Guaranty Agreement dated 1/3/08 (not in service)

 Schedule 5.3(a) 

Buyer Third Person Consents 
  

	1.	None. 

 Schedule 5.3(b) 

Buyer Governmental Authorizations 
 None 

 Schedule 6.1 
 Operation of the Business 
  

	1.	VMSC may assign the [REDACTED] lubes and [REDACTED] agreements to the Company prior to Closing. 

 

	2.	Company may pursue warranty claims/contract claims related to package boilers 

 

	3.	11 Xerox copiers (the leases for which have expired) may be removed prior to Closing 

 Schedule 8.4(d) 

Tax Matters 
 Seller shall
have sole control of the defense and settlement of the following Tax Audit items for all Pre-Closing Tax Periods without the need to obtain consents or approvals from Buyer: 

 

			
	 Tax Item
	  	Jurisdiction
		
	Line/Unit Fill	  	Federal
	Environmental Remediation	  	Federal
	Chemical Depreciation	  	Federal
	Supplemental Environmental Projects (“SEP”)	  	Federal
	Section 174 (R&D) Expense	  	Federal
	Section 199	  	Federal
		
	Transfer Pricing	  	New Jersey
	Intercompany Interest Expense	  	New Jersey
	R&D Credit	  	New Jersey
	Investment Tax Credit	  	New Jersey
	AMA Tax Credit	  	New Jersey
	Section 199	  	New Jersey

 The chemical depreciation issue includes the 2000-2001 Form 1120 for Valero Energy Corporation and Subsidiaries. Valero
paid tax related to these years after receiving a Notice of Deficiency and has two years from the date of payment of this tax to file a refund claim. Valero intends to file the refund claim within this time frame and expects that the IRS will either
deny the refund claim or fail to act on the refund claim. Valero expects that the chemical depreciation issue will be litigated for the 2000-2001 tax years in district court and Valero shall have the right to file suit associated with this issue and
shall have sole control and defense of this litigation. 

 Schedule 8.5 
 Rail Cars 
 Seller shall cause VMSC to provide the following number and type of Rail Cars
to the Company pursuant to Section 8.13 of the Agreement and the terms of this Schedule: 
  

	 	•	 	 Petroleum Coke hopper cars – 244 

  

	 	•	 	 Extract tank cars – 149 

  

	 	•	 	 LPG tank cars – 500 (this number fluctuates between 475 to 515) 

 

	 	•	 	 Lube Oil tank cars – 249 

  

	 	•	 	 Sulfur tank cars – 70 

VMSC may retain certain cars after Closing for satisfying obligations under the Offtake Agreement. 

VMSC will select leased Rail Cars (that are leased under commercially reasonable Rail Car Agreements) for assignment to the Company and to be used by the
Company pursuant to Section 7.13. Buyer and/or the Company and VMSC will work together in good faith to properly manage the transition of the Rail Cars. 
 Railcars to be assigned are those which have been in service to this refinery. Leases are all full service leases with American Railcar Leasing (ARL), CIT, GATX, GE, HELM, Southwest Rail, Transportation
Equipment (TEI), and Union Tank Car. Any assignment of railcars would be orderly and allow for sufficient vetting of leases and railcars. 
 The
Rail Cars under lease with HELM will not be allocated or assigned to the Company at Closing. 
 The Paulsboro Refinery is served by NS or CSXT
and switched by SMS. 
 Railcars are billed and billing is electronically submitted to the carrying railroad using the Bourque Data System. BDS
is a 3rd party software vendor. 

 Schedule 8.8 
 Owned and Leased Vehicles 
  

													
	Unit #	  	VIN	  	Year	  	Make	  	Model	  	City	  	Owned/Leased
	07093	  	1FTNF20567EA79277	  	2007	  	FORD	  	F250SD	  	PAULSBORO	  	Leased
	44007	  	1FTDF15Y2MNA94007	  	1991	  	FORD	  	F-150	  	PAULSBORO	  	Leased
	44014	  	1FDXK84A6NVA01184	  	1992	  	FORD	  	FORD-MT	  	PAULSBORO	  	Leased
	44015	  	1FTDF15YONNA34910	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44018	  	1FTDF15YONNA79782	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44026	  	1FTDF15Y6NNA90916	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44027	  	1FTDF15Y4NNA90915	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44030	  	1FTDF15Y9NNA90912	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44034	  	1FTDF15Y7NNA90908	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44035	  	1FTDF15Y5NNA90907	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44036	  	1FTDF15Y3NNA90906	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44039	  	1FTDF15Y1NNA90905	  	1992	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44049	  	1FTDF15Y4PNB05335	  	1993	  	FORD	  	F-150 STYLESIDE	  	PAULSBORO	  	Leased
	44051	  	2FTEF15Y3PCB41351	  	1993	  	FORD	  	F-150 STYLESIDE	  	PAULSBORO	  	Leased
	44056	  	1FTDF15Y5RNB68740	  	1994	  	FORD	  	F-150 STYLESIDE	  	PAULSBORO	  	Leased
	44057	  	1FTDF15Y9RNB68739	  	1994	  	FORD	  	F-150 STYLESIDE	  	PAULSBORO	  	Leased
	44064	  	1FTEF15Y2SNA98947	  	1995	  	FORD	  	F150	  	PAULSBORO	  	Leased
	44065	  	1FMCA11U6SZA77127	  	1995	  	FORD	  	AEROSTAR	  	PAULSBORO	  	Leased
	01071	  	1FMEU73E88UB01071	  	2008	  	FORD	  	EXPLORER	  	PAULSBORO	  	Owned
	05529	  	1FTRF12WX9KB05529	  	2009	  	FORD	  	F150	  	PAULSBORO	  	Owned
	07024	  	1FMEU73E99UA07024	  	2009	  	FORD	  	EXPLORER	  	PAULSBORO	  	Owned
	11355	  	1FTNF21535EB11355	  	2005	  	FORD	  	PICKUP	  	PAULSBORO	  	Owned
	18212	  	1FTRF12W15NB18212	  	2005	  	FORD	  	PICKUP	  	PAULSBORO	  	Owned
	26719	  	1FTRX14WX9FA26719	  	2009	  	FORD	  	F150 SUPERCAB 4X4	  	PAULSBORO	  	Owned
	31984	  	1FTNF20535ED31984	  	2005	  	FORD	  	PICKUP	  	PAULSBORO	  	Owned
	40921	  	1FTHF36H8MKA40921	  	1991	  	FORD	  	F350	  	PAULSBORO	  	Owned
	49537	  	1FTRE14W35HA49537	  	2005	  	FORD	  	E150 VANS	  	PAULSBORO	  	Owned
	58849	  	1FTRF12WX5NA58849	  	2000	  	FORD	  	PICKUP	  	PAULSBORO	  	Owned
	69031	  	1FDXF70H9LVA09178	  	1990	  	FORD	  	FORD	  	PAULSBORO	  	Owned
	70723	  	1FDKF37H8JNA57423	  	1988	  	FORD	  	F 350	  	PAULSBORO	  	Owned
	70803	  	F	  	1992	  	FORD	  	F 350	  	PAULSBORO	  	Owned
	70804	  	1FTHF26H7LNA58009	  	1990	  	FORD	  	F-250	  	PAULSBORO	  	Owned
	70831	  	1FTDF15Y1LNA70747	  	1990	  	FORD	  	F-150	  	PAULSBORO	  	Owned
	70843	  	1FTDF15Y3LNA70751	  	1990	  	FORD	  	F-150	  	PAULSBORO	  	Owned
	70845	  	1FTDF15Y5LNA70744	  	1990	  	FORD	  	F-150	  	PAULSBORO	  	Owned

													
	70847	  	1FTDF15Y2LNA70742	  	1990	  	FORD	  	F-150	  	PAULSBORO	  	Owned
	70849	  	1FMDA11U2LZA82430	  	1990	  	FORD	  	A-11	  	PAULSBORO	  	Owned
	71651	  	1FTDF15Y8MKA16168	  	1991	  	FORD	  	F-150	  	PAULSBORO	  	Owned
	71652	  	1FTDF15Y3MKA17566	  	1991	  	FORD	  	F-150	  	PAULSBORO	  	Owned
	71658	  	1FTDF15Y6MKA37293	  	1991	  	FORD	  	F-150	  	PAULSBORO	  	Owned
	78002	  	1FTZF1828YNC13097	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78003	  	1FTZF1829YNC13092	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78004	  	1FTZF1820YNC13093	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78005	  	1FTZF1822YNC13094	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78006	  	1FTZF1826YNC13096	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78007	  	1FTZF1724YNC13079	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78010	  	1FTZF1720YNC13077	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78011	  	1FDKF37H8LNA58011	  	1990	  	FORD	  	F 350	  	PAULSBORO	  	Owned
	78012	  	1FTZF1723YNC13073	  	2000	  	FORD	  	F150	  	PAULSBORO	  	Owned
	78013	  	1FTYR10C3YTB29904	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78015	  	1FTYR10C5YTB25787	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78016	  	1FTYR10C6YTB25782	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78017	  	1FTYR10C1YTB25771	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78018	  	1FTYR10C4YTB29891	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78019	  	1FTYR10C3YTB25769	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78020	  	1FTYR10CXYTB29902	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78025	  	1FTYR10C9YTB29907	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78026	  	1FTYR10C5YTB29905	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78029	  	1FTYR10C6YTB29881	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78037	  	1FTYR10C6CYTB2990	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78038	  	1FTYR10C8YTB29882	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78041	  	1FTYR10C8YTB25783	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78045	  	1FTYR10C4YTB25778	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78046	  	1FTYR10C6YTB25779	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78047	  	1FTYR10C2YTB25777	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78051	  	1FTYR10C3YTB29885	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78062	  	1FTYR10X5YTB18874	  	2000	  	FORD	  	RANGER	  	PAULSBORO	  	Owned
	78662	  	1FDXR82E5SVA81252	  	1995	  	FORD	  	LN80000	  	PAULSBORO	  	Owned
	79418	  	1FMYU93196KA79418	  	2006	  	FORD	  	ESCAPE	  	PAULSBORO	  	Owned
	86681	  	1FTVX14525NB86681	  	2005	  	FORD	  	F150	  	PAULSBORO	  	Owned
	90297	  	1FTRF12W49KA90297	  	2009	  	FORD	  	F150	  	PAULSBORO	  	Owned
	97047	  	1FTRF12W59KA97047	  	2009	  	FORD	  	F150	  	PAULSBORO	  	Owned
	72144	  	1NKLL29X5BK700750	  	1981	  	KENW	  	FOAM TRUCK	  	PAULSBORO	  	Owned
	11558	  	11558	  		  	KUBO	  	RTV 1100	  	PAULSBORO	  	Owned
	13893	  	13893	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	14406	  	14406	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	18067	  	18067	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	18270	  	18270	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned

													
	18420	  	18420	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	19375	  	19375	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	19735	  	19735	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	21479	  	21479	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	22518	  	22518	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	26166	  	26166	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	26168	  	26168	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	27395	  	27395	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29578	  	29578	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29648	  	29648	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29754	  	29754	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29756	  	29756	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29773	  	29773	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29803	  	29803	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29811	  	29811	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	29828	  	29828	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	34616	  	34616	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	45007	  	45007	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	46344	  	46344	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	46349	  	46349	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86395	  	86395	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86405	  	86405	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86412	  	86412	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86661	  	86661	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86825	  	86825	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86858	  	86858	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86888	  	86888	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86902	  	86902	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86904	  	86904	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86907	  	86907	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86913	  	86913	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86915	  	86915	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86967	  	86967	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	87323	  	87323	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	87331	  	87331	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	87625	  	87625	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	87755	  	87755	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	87759	  	87759	  		  	KUBO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	12675	  	12675	  		  	KUTO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	14502	  	14502	  		  	KUTO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	22520	  	22520	  		  	KUTO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	46355	  	46355	  		  	KUTO	  	RTV 900 G-H	  	PAULSBORO	  	Owned
	86970	  	86970	  		  	KUTO	  	RTV 900 G-H	  	PAULSBORO	  	Owned

													
	46165	  	1P3XA46KXNF246165	  	1992	  	PLYM	 	ACCLAIM	  	PAULSBORO	  	Owned
	72143	  		  	1980	  	TANK	 	FOAM TANKER	  	PAULSBORO	  	Owned
	02136	  	LSCBB43D44A020136	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	07419	  	LSCBB43D14A017419	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	07442	  	LSCBB43D74A017442	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	14747	  	LSCBB43D34A014747	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	17422	  	LSCBB43D14A017422	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	17429	  	LSCBB43D44A017429	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	17432	  	LSCBB43D44A017432	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	17434	  	LSCBB43D84A017434	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	17435	  	LSCBB43DX4A017435	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	17436	  	LSCBB43D14A017436	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20120	  	LSCBB43D04A020120	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20121	  	LSCBB43D24A020121	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20122	  	LSCBB43D44A020122	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20123	  	LSCBB43D64A020123	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20124	  	LSCBB43D84A020124	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20126	  	LSCBB43D14A020126	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20127	  	LSCBB43D34A020127	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20128	  	LSCBB43D54A020128	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20129	  	LSCBB43D74A020129	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20130	  	LSCBB43D34A020130	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20131	  	LSCBB43D54A020131	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20132	  	LSCBB43D74A020132	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20133	  	LSCBB43D94A020133	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20137	  	LSCBB43D64A020137	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	20141	  	LSCBB43D84A020141	  	2004	  	TIGE	 	STAR X-CAB, #640100	  	PAULSBORO	  	Owned
	18540	  	1FVACXDC85HU18540	  	2005	  	****	 	FREIGHTLINER	  	PAULSBORO	  	Owned
	86034	  	86034	  		  	****	 	RTV 900 G-H	  	PAULSBORO	  	Owned
	97565	  	97565	  		  	****	 	RTV 900 G-H	  	PAULSBORO	  	Owned
	46576	  	2146576	  		  	EZGO	 	EZ-GO CAR	  	PAULSBORO	  	Owned
	52670	  	2152670	  		  	EZGO	 	EZ-GO CAR	  	PAULSBORO	  	Owned

 Schedule 8.10 
 Valero Acquisition Guaranty 
 See copy on following pages 

 GUARANTY 

Guaranty, dated as of September 16, 1998, by Valero Energy Corporation, a Delaware corporation (the “Guarantor”), in favor
of Mobil Oil Corporation, a New York corporation (“Mobil”), and the Mobil Affiliates (as hereinafter defined) (collectively, the “Beneficiaries”). 
 RECITALS 
 A. As of the date hereof, Mobil and Valero Refining
Company-New Jersey, a Delaware corporation and an indirect, wholly-owned subsidiary of Guarantor (“Buyer”), entered into a Sale and Purchase Agreement for the sale by Mobil and purchase by Buyer of certain petroleum refining assets located
in Paulsboro, New Jersey (the “Purchase Agreement”). 
 B. In connection with the Purchase Agreement, Buyer and Valero
Marketing and Supply Company, a Delaware corporation and a wholly-owned subsidiary of Guarantor (“VMSC”), entered into as of the date hereof certain related commercial agreements with certain affiliates of Mobil, as set forth on Schedule 1
hereto. The agreements listed on Schedule 1 are referred to herein as the “Related Agreements” and the affiliates of Mobil referenced in Schedule 1 are referred to herein as the “Mobil Affiliates.” (Buyer and VMSC are each
individually referred to herein as a “Valero Affiliate”, and collectively as the “Valero Affiliates”.) 
 C.
The transaction contemplated by the Purchase Agreement is in the interests of the Guarantor and the Guarantor is prepared to enter into this Guaranty. 
 AGREEMENT 
  

	1.	Guaranty. (a) In consideration of the Beneficiaries entering into the Purchase Agreement and the Related Agreements, and as a condition precedent to the
Beneficiaries’ obligations under the Purchase Agreement and the Related Agreements, the Guarantor irrevocably, absolutely and unconditionally guarantees, as primary obligor and not as surety, to Beneficiaries and their respective permitted
successors and assigns the prompt performance, when due, by the Valero Affiliates of all obligations of the Valero Affiliates to the Beneficiaries under the Purchase Agreement and the Related Agreements (the “Obligations”) when the
Obligations are to be performed and upon the terms and conditions set forth in this Guaranty. 

 (b) Guarantor
agrees that in the event that a Valero Affiliate fails to perform an Obligation that constitutes a payment obligation then due in accordance with the terms of the Purchase Agreement or the Related Agreements, as the case may be, Guarantor shall upon
receipt of written notice from any of the Beneficiaries describing such failure and demanding payment (the “Payment Demand”), but in no event more than five (5) business days thereafter, itself pay such sum as has not been paid by the
Valero Affiliate as if the Guarantor instead of the Valero Affiliate were the primary obligor, together with interest thereon at the rate per annum from time to time payable by the Valero Affiliate on such sum pursuant to the applicable provision of
the Purchase Agreement and the Related 

 Agreements from the date when such sum becomes due and payable by the Valero Affiliate under
the applicable provision of the Purchase Agreement and the Related Agreements until the payment of such sum in full. The Payment Demand shall reasonably and briefly specify in what manner and what amount the Valero Affiliate has failed to perform
the Obligation in question, with a specific statement that the Beneficiary is calling upon Guarantor-to perform under this Guaranty. A Payment Demand satisfying the foregoing requirements shall be deemed sufficient notice to Guarantor that it must
pay an Obligation. A single Payment Demand shall be effective as to any specific default during the continuance of such default, until the Valero Affiliate or the Guarantor has cured such default and additional Payment Demands shall not be required
until such default is cured. 
 (c) Guarantor agrees that if and to the extent a Valero Affiliate fails to perform an Obligation
when due in accordance with the terms of the Purchase Agreement or the Related Agreements, as the case may be, that constitutes an obligation other than a payment obligation, Guarantor shall upon receipt of written notice from any of the
Beneficiaries describing such failure and demanding performance (the “Performance Demand”), but in no event more than five (5) business days thereafter cause the Valero Affiliate to perform or commence performance of such Obligation
or shall perform or commence performance of the Obligation itself, as if the Guarantor instead of the Valero Affiliate were the primary obligor. The Performance Demand shall be written, and shall reasonably and briefly specify in what manner the
Valero Affiliate has failed to perform the Obligation in question, with a specific statement that the Beneficiary is calling upon Guarantor to perform under this Guaranty. A Performance Demand satisfying the foregoing requirements shall be deemed
sufficient notice to Guarantor that it must perform or cause a Valero Affiliate to perform an Obligation. A single Performance Demand shall be effective as to any specific default during the continuance of such default, until the Valero Affiliate or
the Guarantor has cured such default and additional Performance Demands shall not be required until such default is cured. 
  

	2.	Nature of Guaranty. The obligations, covenants, agreements and duties of the Guarantor hereunder shall remain in full force and effect and shall be enforceable
until the Obligations are finally, indefeasibly and unconditionally paid and performed in full in accordance with the terms of the Purchase Agreement and Related Agreements, as the case may be, and, to the maximum extent permitted by law, shall in
no way be affected or impaired by reason of the happening from time to time of any other event, including, without limitation, the following, whether or not any such event shall have occurred without notice to or the consent of the Guarantor:

 (a) Any lack of validity or enforceability of any of the Obligations, the Purchase Agreement or any of the
Related Agreements; 
 (b) Any change in the time, manner or place of performance, or in any other term, of all or any of the
Obligations, or any other amendment, supplement or waiver of, or any consent to departure from, the Purchase Agreement or any Related Agreement, including, without limitation, any increase in or modification of the Obligations; 

  
 2 

 (c) Any change, restructuring or termination of the corporate structure, existence of
ownership of any Valero Affiliate; 
 (d) Any act or omission on the part of any Beneficiary; or 

(e) Any other circumstance (other than performance by the Valero Affiliates of their respective Obligations) which might otherwise
constitute a defense available to, or a discharge of a guarantor or surety generally. 
  

	3.	Reinstatement. If the Obligations are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding (including,
without limitation, the dissolution of a Valero Affiliate), the obligations of the Guarantor under this Guaranty shall continue in full force and effect and shall continue to legally bind the Guarantor as if there had been no such unenforceability
against, refusal, inability or lack of capacity on the part of a Valero Affiliate to allow payment of any amount that constitutes part of the Obligations. This Guaranty shall continue to be effective or shall be reinstated, as the case may be, if at
any time any payment of any of the Obligations is rescinded or must otherwise be returned upon the insolvency, bankruptcy, reorganization or liquidation of, or similar proceeding (including, without limitation, the dissolution of a Valero Affiliate)
with respect to a Valero Affiliate, the Guarantor or otherwise, all as though such payment had not been made. 

  

	4.	No Waiver: Cumulative Rights. (a) No failure on the part of any Beneficiary to exercise, and no delay in exercising any right, remedy or power hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise by any Beneficiary of any right, remedy or power hereunder preclude any other or future exercise of any right, remedy or power. Each and every right, remedy and power hereby
granted to the Beneficiaries or allowed them by law or other agreement shall be cumulative and not exclusive of any other, and may be exercised by the Beneficiaries from time to time. 

(b) Except as to applicable statutes of limitation, no delay by a Beneficiary in the exercise of, or failure to exercise, any rights
hereunder shall operate as a waiver of such rights, a waiver of any other rights or a release of Guarantor from obligations hereunder. 
 (c) Guarantor consents to the renewal, amendment, modification, compromise, extension, acceleration or other changes in the time of payment of or other changes or modifications in the terms of the
Obligations, or any part thereof. 
 (d) Guarantor hereby waives (i) notice of acceptance of this Guaranty,
(ii) presentment, demand, notice of dishonor and all other notices (except as set forth in Paragraph 1 above), (iii) any right to require that any action or proceeding be brought against a Valero Affiliate or any other person prior to any
action against Guarantor under the terms hereof, and (iv) any and all right to assert any set-off, counterclaim, reduction, or diminution of any Obligation, or any defense of any kind or nature whatsoever (other than performance), which the
Guarantor may have or assert against any Beneficiary. 

  
 3 

	5.	Preservation of Rights. Until all Obligations which may be or become payable or performable by a Valero Affiliate to a Beneficiary have been irrevocably and
unconditionally discharged in full, that Beneficiary may: 

 (a) refrain from applying of enforcing any other
security, moneys or rights held or received by that Beneficiary with respect to such amounts, or apply and enforce the same in such manner and order as that Beneficiary sees fit (whether against such amounts or otherwise); and 

(b) hold in a suspense account (with any interest accruing thereon to be credited to such suspense account) any moneys received by them
from the Guarantor or on account of the Guarantor’s liabilities under this Guaranty. 
  

	6.	Indemnity. The Guarantor hereby agrees, as a separate and independent matter and without prejudice to the Beneficiaries’ rights against a Valero Affiliate
as the primary obligor, that if any of the Obligations are not enforceable hereunder because the Guarantor’s guaranty is not enforceable against the Guarantor, Guarantor shall indemnify the Beneficiaries for the amount of each such obligation
to the extent unenforceable, together with any interest thereon as provided in Paragraph 1 hereto. 

  

	7.	Independent and Separate Guaranteed Obligations. The obligations of the Guarantor hereunder are independent of the obligations of the Valero Affiliates with
respect to all or any of the Obligations and, in the event of any default hereunder, a separate action or actions may be brought and prosecuted against the Guarantor with respect to one or more of the Obligations whether or not the Guarantor is the
alter ego of a Valero Affiliate and whether or not a Valero Affiliate is joined therein, or a separate action or actions are brought against a Valero Affiliate or the Guarantor. 

 

	8.	No Consequential or Punitive Damages. In no event shall Guarantor be subject hereunder to consequential, exemplary, equitable, loss of profits, punitive, tort,
or any other such indirect or consequential damages or costs. 

  

	9.	Contractual Defenses. Notwithstanding any other provision of this Guaranty to the contrary, the parties expressly agree that in any action brought with respect
to this Guaranty, Guarantor shall be entitled to raise as a complete or partial defense to any liability it may otherwise have hereunder any rights, counterclaims, contractual and other defenses to the same extent as such could have been asserted or
raised by a Valero Affiliate in defense of a claim brought by any Beneficiary against the Valero Affiliate, excluding, however, any right, claim or defense based upon the bankruptcy or insolvency of the Valero Affiliate. 

  
 4 

	10.	Notice. All notices or other communications to the Guarantor shall be in writing and, except as set forth in the Paragraph 1, shall be given in the same manner
and with the same effect as set forth in the Purchase Agreement or the Related Agreements, as applicable. The Guarantor’s address for notices is as follows: 

 Valero Energy Company 
 P.O. Box 500 

San Antonio, Texas 78292-500 
 Fax: (210)370-2988 
 Attn: Corporate Secretary 

or such other address as the Guarantor shall from time to time specify to Mobil. 

 

	11.	Representations and Warranties. The Guarantor represents and warrants to the Beneficiaries that as of the date of this Guaranty: 

(a) The Guarantor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has
full corporate power to conduct its business as now being conducted and to execute, deliver and perform this Guaranty. 
 (b) The
execution, delivery and performance of this Guaranty have been and remain duly authorized by all necessary corporate action and the Guaranty has been duly and validly executed and delivered by the Guarantor. 

(c) All consents, authorizations and approvals of, and registrations and declarations with, any governmental authority necessary for the
due execution, delivery and performance of this Guaranty have been obtained and remain in full force and effect and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental
authority is required in connection with the execution, delivery or performance of this Guaranty. 
 (d) This Guaranty
constitutes the legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability
relating to or affecting creditors’ rights and to general equity principles. 
 (e) There is no action, suit or proceeding
at law or in equity by or before any court or arbitral tribunal now pending or, to the knowledge of the Guarantor, threatened against the Guarantor which would reasonably be expected to have a material adverse effect on the Guarantor’s ability
to perform its obligations under this Guaranty. 
 (f) The Guarantor owns, directly or indirectly, 100% of the equity interest in
the Valero Affiliates. 
  

	12.	 Assignment. Neither the Guarantor nor the Beneficiaries may assign their respective rights, interest or obligations hereunder to any other
person without the prior written consent of the Guarantor or the Beneficiaries, as the case may be. Notwithstanding the 

  
 5 

	 	preceding sentence, the Beneficiaries may, without the consent of the Guarantor, assign their rights hereunder together with an assignment of any of the Related
Agreements, provided that such assignment is permitted under the terms of the applicable Related Agreement. 

  

	13.	Subrogation; Subordination. Notwithstanding any payment or payments made by the Guarantor hereunder, the Guarantor shall not be subrogated to any rights of any
Beneficiary against any Valero Affiliate until all of the Obligations of such Valero Affiliate shall have been finally, indefeasibly and unconditionally paid and performed in full and, upon such payment and performance, the Guarantor shall be
subrogated to the rights of the Beneficiaries against the Valero Affiliate and the Beneficiaries agree to take such reasonable steps (at Guarantor’s cost and expense) as the Guarantor may reasonably request to implement such subrogation. Any
claims of the Guarantor against any Valero Affiliate arising from payments made by the Guarantor by reason of this Guaranty shall be in all respects subordinated to the final, indefeasible, unconditional, full and complete payment, performance or
discharge of all of the Obligations of such Valero Affiliate guaranteed hereby, and no payment by the Guarantor pursuant hereto shall give rise to any claim of the Guarantor against any Beneficiary. 

 

	14.	Costs of Enforcement. The Guarantor agrees to pay all costs, expenses and fees, including, without limitation, all reasonable attorneys’ fees, which may be
incurred by each Beneficiary in enforcing this Guaranty or protecting the rights of the Beneficiaries hereunder following any default on the part of the Guarantor hereunder, whether the same shall be enforced by suit or otherwise.

  

	15.	Consent to Jurisdiction. Any legal suit, action or proceeding arising out of or relating to this Guaranty or any transaction contemplated hereby may be
instituted in any state or Federal court in the County of New York and State of New York and, to the extent permitted by applicable law, the Guarantor and each Beneficiary waive any objection which it may now or hereafter have to the laying of the
venue of any such suit, action or proceeding and irrevocably submits to the jurisdiction of any such court in any such suit, action or proceeding. 

  

	16.	Severability. Any provision of this Guaranty which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 

  

	17.	Governing Law. This Guaranty shall be governed by and construed in accordance with the internal laws of the State of New York without reference to conflicts of
law principles thereof. 

  
 6 

 IN WITNESS WHEREOF, the Guarantor has caused its duly authorized officer to execute and
deliver this Guaranty as of the date first above written. 
  

			
	VALERO ENERGY CORPORATION
		
	By:	 	 

	Name:	 	Gregory C. King
	Title:	 	Vice President

 Agreed to and accepted: 
 MOBIL OIL CORPORATION 
 (on its own behalf and on behalf of the Mobil Affiliates)

  

			
	By:	 	 

	Name:	 	R. J. KRUEP
	Title:	 	ATTORNEY-IN-FACT

  
 7 

 SCHEDULE 1 
 The following agreements are as referred to in the Purchase Agreement: 
  

	1.	Crude Oil Sales and Purchase Agreement 

  

	2.	Light Products Offtake Agreement 

  

	3.	Purchase and Sales Agreement for Lubricant Base Oils 

  

	4.	Propane Marketing Agreement 

  

	5.	Special Products Marketing Agreement 

  

	6.	Natural Gas Pipeline Operating Agreement 

  

	7.	Colonial Pipeline Scheduling Agreement 

  

	8.	Rail Car Services Agreement 

  

	9.	Intellectual Property Rights License Agreement 

  

	10.	MLDW Catalyst Lease Agreements 

  

	11.	Technical Support Services Agreement 

  

	12.	Utilities Services Agreements 

  

	13.	Transition Services Agreement 

  

	14.	Access Agreements 

  

	15.	Butane Storage Agreement 

  

	16.	Retained Area Lease 

  

	17.	Sale and Purchase Agreement for Mobil Natural Gas Pipeline Company 

  

	18.	Emergency Response Services Agreement 

  

	19.	Mobil Engineering Practices Technology Agreement 

  

	20.	Landfill Lease 

  

	21.	Jet Fuel Pipeline Connection Agreement 

  

	22.	System Sharing Agreement 

  
 8 

 Schedule 8.11(d)(i) 

Excluded Software 
 The
following software applications (whether based on servers or desktops or both) are licensed to Seller or its Affiliates and have historically been used in connection with the operation of the Business and/or the Refinery, but are not included in the
Assets. To the extent that Buyer desires to use any of these applications, Buyer will need to enter into its own license with the licensors. 
  

	I.	Desktop applications 

  

					
	 Vendor / Generic Name
	 	 Product Name
	  	 Owner of License

	Aspen Tech	 	All Aspen Tech Products	  	Valero Services, Inc
	AutoDESK	 	All AutoDESK Products	  	Valero Services, Inc
	BMC Software	 	All Control-M Products	  	Valero Services, Inc
	Citrix	 	All Citrix Products	  	Valero Services, Inc
	Hewlett Packard	 	HP LoadRunner	  	Valero Services, Inc
	IBM	 	All Filenet Products	  	Valero Services, Inc
	IBM	 	All IBM Tivoli Products	  	Valero Services, Inc
	IXOS Open Text	 	All IXOS Products	  	Valero Services, Inc
	KBC	 	All KBC Products	  	Valero Services, Inc
	McAfee	 	All McAfee Products	  	Valero Services, Inc
	Microsoft	 	All Microsoft Products	  	Valero Services, Inc
	SAP	 	All SAP Products (Including Business Objects)	  	Valero Services, Inc
	Syntex	 	All Syntex Products	  	Valero Services, Inc

  

	II.	Server Applications 

  

							
	 Vendor
	  	 Generic Name
	  	 Owner
	  	 Server Name

	Aspen Tech	  	Advisor	  	Valero Services, Inc.	  	
	Aspen Tech	  	PIMS	  	Valero Services, Inc.	  	
	Aspen Tech	  	All Aspen Tech Products	  	Valero Services, Inc.	  	
	Aspen Tech	  	Aspen license server	  	Valero Services, Inc.	  	ASPBRF05
	Aspen Tech	  	AspenTech Server	  	Valero Services, Inc.	  	ASPBRF04
	Aspen Tech	  	Data Historian	  	Valero Services, Inc.	  	DHPBRF01
	Aspen Tech	  	Data Historian - Paulsboro	  	Valero Services, Inc.	  	DHPBRF02
	Aspen Tech	  	Used for SA remote into Data historian	  	Valero Services, Inc.	  	TMPPBRF01V

							
	AutoDesk	  	Navis Works	  	Valero Services, Inc.	  	LICPBRF02
	Borque Data Systems	  	Railcar software	  	VMSC or affiliate	  	
	BW/Honeywell	  	H2S Bump station collection	  	Valero Services, Inc.	  	H2SNJPBRF01
	Citrix	  	Citrix MetaFrame Server	  	Valero Services, Inc.	  	CTXPBRF01
	Citrix	  	Citrix MetaFrame Server	  	Valero Services, Inc.	  	CTXPBRF02
	Convergint	  	DVR	  	Valero Services, Inc.	  	NJPBRFDVR1
	Convergint	  	DVR	  	Valero Services, Inc.	  	PBR-DVR2
	Convergint	  	Paulsboro’s Card access (LenelBasis) server also Track DB server	  	Valero Services, Inc.	  	RANJPBRF01
	Environmental Support Solutions (ESS)	  	Essential	  	Valero Services, Inc.	  	
	Famatech	  	Radmin	  	Valero Services, Inc.	  	
	GE	  	Bently Nevada System 1	  	Valero Services, Inc.	  	BNPBRF01
	GE	  	Bently Nevada System 1	  	Valero Services, Inc.	  	BNPBRF02
	GE	  	Bently Nevada System 1	  	Valero Services, Inc.	  	BNPBRF03
	Honeywell	  	Environmental server	  	Valero Services, Inc.	  	ENNJPBRF01
	Honeywell	  	Honeywell Alarm Manager	  	Valero Services, Inc.	  	AMPBRF02
	Honeywell	  	UOP Tag collection server	  	Valero Services, Inc.	  	NJPBRFRPM01
	IBM	  	TSM Backup Server	  	Valero Services, Inc.	  	TSMPBRF01
	Insite Objects	  	RESITE Recorder	  	Valero Services, Inc.	  	
	Invensys	  	Honeywell	  	Valero Services, Inc.	  	
	KBC Advanced Technology	  	KBC Profimatic Server	  	Valero Services, Inc.	  	LICPBRF03
	Management Controls	  	Track	  	Valero Services, Inc.	  	CLDBPBRF01
	Management Controls	  	TrackSoftware Server	  	Valero Services, Inc.	  	W3PBRF01
	McAfee	  	McAfee	  	Valero Services, Inc.	  	
	Microcall	  	Call Accounting	  	Valero Services, Inc.	  	VOXPBRF01
	Microcall	  	Call Accounting	  	Valero Services, Inc.	  	VOXPBRF01
	Microsoft	  	Clustered SQL Server for Paulsboro - Node 1	  	Valero Services, Inc.	  	CLDBPBRF01
	Microsoft	  	Clustered SQL Server for Paulsboro - Node 2	  	Valero Services, Inc.	  	CLDBPBRF02
	Microsoft	  	CORP Domain Controller	  	Valero Services, Inc.	  	DCNJPBRF01V
	Microsoft	  	CORP Domain Controller	  	Valero Services, Inc.	  	DCPBRF03
	Microsoft	  	DMZ Utility Server	  	Valero Services, Inc.	  	PDMZNJPBRF01
	Microsoft	  	Domain Controller for PBRFAP (Access Point) domain	  	Valero Services, Inc.	  	DCNJPBRFAP01
	Microsoft	  	Drafting Print Server	  	Valero Services, Inc.	  	PBRF-DRAFT01
	Microsoft	  	Envoy - Energy Stewardship	  	Valero Services, Inc.	  	ENVNJPBRF01v
	Microsoft	  	Exchange 2003 Mail Server	  	Valero Services, Inc.	  	MSPBRF02
	Microsoft	  	File Server - Paulsboro Refinery	  	Valero Services, Inc.	  	FSPBRF01
	Microsoft	  	File Server - Paulsboro Refinery	  	Valero Services, Inc.	  	FSPBRF01
	Microsoft	  	Local IS server for utilities and DHCP server	  	Valero Services, Inc.	  	ISPBRF01
	Microsoft	  	Print Server	  	Valero Services, Inc.	  	PSPBRF02

							
	Microsoft	  	Print Server for PBRF	  	Valero Services, Inc.	    	PSPBRF01
	Microsoft	  	SCCM 2007	  	Valero Services, Inc.	    	SCCMNJPBRF01
	Microsoft	  	SMS 2003	  	Valero Services, Inc.	    	SMSPBRF01
	Microsoft	  	Webserver for Lab Product Release	  	Valero Services, Inc.	    	WSPBRF02
	Microsoft	  	Webserver for Lab Product Release	  	Valero Services, Inc.	    	WSPBRF02
	Microsoft	  	Webserver for Lab Product Release	  	Valero Services, Inc.	    	WSPBRF02
	Microsoft	  	 Webserver, file transfer from Data Historians and MVs
 to network
	  	Valero Services, Inc.	    	INSYNJPBRF01
	Microsoft	  	 Webserver, file transfer from Data Historians and MVs
 to network
	  	Valero Services, Inc.	    	WSPBRF01
	Microsoft	  	Webserver, file transfer from Data Historians and MVs to network	  	Valero Services, Inc.	    	WSPBRF01
	Microsoft	  	Webserver, file transfer from Data Historians and MVs to network	  	Valero Services, Inc.	    	WSPBRF01
	Microsoft	  	Webserver, file transfer from Data Historians and MVs to network	  	Valero Services, Inc.	    	WSPBRF01
	Microsoft	  	Webserver, file transfer from Data Historians and MVs to network	  	Valero Services, Inc.	    	WSPBRF01
	Microsoft	  	Wedge server	  	Valero Services, Inc.	    	PBRF-WEDGE02
	Primavera Systems	  	Primavera	  	Valero Services, Inc.	    	CLDBPBRF01
	Primavera Systems	  	Primavera Server	  	Valero Services, Inc.	    	PRIMPBRF01
	SAP	  	SAP	  	Valero Services, Inc.	    	
	SAP	  	xMII Production Server	  	Valero Services, Inc.	    	XMIIPBRF01
	SAP	  	xMII Test Server	  	Valero Services, Inc.	    	XMlIPBRFt1
	Siemens	  	Vistascape Server	  	Valero Services, Inc.	    	SIQPBRF01v
	Solomon & Associates	  	Solomon Survey	  	Valero Services, Inc.	    	PBRF-PROFILE01
	Solomon & Associates	  	Profile II	  	Valero Services, Inc.	    	
	Syntex	  	IMPACT	  	Valero Services, Inc.	    	
	System Improvements	  	TapRoot	  	Valero Services, Inc.	    	
	Unique Software	  	OHM	  	Valero Services, Inc.	    	
	Valero	  	Complex Logs	  	Valero Services, Inc.	    	SAHQSERVER
	VisualBasic	  	VisualBasic	  	Valero Services, Inc.	    	
	VMWare	  	VMWare ESX Server	  	Valero Services, Inc.	    	VMWPBRF01
	VMWare	  	VMWare ESX Server	  	Valero Services, Inc.	    	VMWPBRF02
	VMWare	  	VMWare ESX Server	  	Valero Services, Inc.	    	VMWPBRF03
	WBT Systems	  	TopClass Server - TRPBRF02	  	Valero Services, Inc.	    	TRPBRF02

 Schedule 8.11(d)(ii) 

Transferred Software 

The following server-based software applications are licensed to Seller or its Affiliates and have historically been used in connection with the
operation of the Business and/or the Refinery. Should Buyer so request, Seller will assist Buyer by requesting that the licensors of this software consent to its transfer to Buyer (to the extent it is used at the Refinery, but not elsewhere).

  

	I.	Server Applications: 

  

							
	 Vendor
	  	 Generic Name
	  	 Owner
	 	 Server Name

	Agilent	  	EZChrom Enterprise Chromatography Server	  	Valero Services, Inc.	 	CHRMNJPBRF01
	Cisco	  	Call Accounting	  	Valero Services, Inc.	 	VOXPBRF01
	Cisco	  	Cisco Call Manager	  	Valero Services, Inc.	 	CMPBRF01
	Cisco	  	Cisco Call Manager	  	Valero Services, Inc.	 	CMPBRF02
	Cisco	  	Cisco Unity Voicemail	  	Valero Services, Inc.	 	VMPBRF01
	Conam	  	PCMS	  	Valero Services, Inc.	 	
	Dyadem International	  	PHA Pro	  	Valero Services, Inc.	 	
	Ellipsys	  	EICEMS Air Emissions Calculation Application -Paulsboro	  	Valero Services, Inc.	 	ECEMNJPBRF01
	GeoAnalysis	  	Visual Site Manager	  	Valero Services, Inc.	 	
	IBM	  	Lotus Notes	  	Valero Services, Inc.	 	MSPBRF01
	Inspection Logic	  	LeakDAS	  	Valero Services, Inc.	 	CLDBPBRF01
	Intergraph	  	Pressure Protection Manager License	  	Valero Services, Inc.	 	PBRF-LIC03
	Invensys Systems - Wonderware	  	Intelatrac SQL database server	  	Valero Services, Inc.	 	INDBNJPBRF01
	Invensys Systems - Wonderware	  	Intelatrac synchronization server	  	Valero Services, Inc.	 	INSYNJPBRF01
	Invensys Systems - Wonderware	  	Intelatrac web servers	  	Valero Services, Inc.	 	INWSNJPBRF01
	Lab Vantage	  	LIMS - Laboratory Information System	  	Valero Services, Inc.	 	DBPBRF01
	Mustang Engineering	  	EICEMS	  	Valero Services, Inc.	 	
	Oracle	  	Oracle Database	  	Valero Services, Inc.	 	DBPBRF01
	PHA	  	PHA-PRO (versions prior to 7.5)	  	Valero Services, Inc.	 	PBRF-LIC01
	Policy Tech	  	Policy Tech	  	Valero Services, Inc.	 	PTNJPBRF01
	Policy Tech	  	Policy&Procedure Manager	  	Valero Services, Inc.	 	CLDBPBRF01
	Symantec	  	Imaging Server	  	Valero Services, Inc.	 	GHOSTPBRF03
	Symantec	  	Imaging Server	  	Valero Services, Inc.	 	GHOSTPBRF03X
	Symantec	  	Imaging Server	  	Valero Services, Inc.	 	GHOSTPBRF03X

							
	Symantec	  	Wise Packaging Server	  	Valero Services, Inc.	  	WPSPBRF01
	The Equity Engineering Group	  	API-RBI Software	  	Valero Services, Inc.	  	RBINJPBRF01
	The Equity Engineering Group	  	API-RBI Software	  	Valero Services, Inc.	  	RBIPBRF01
	UOP	  	COMPLY	  	Valero Services, Inc.	  	
	Veritech	  	ESTEAM	  	Valero Services, Inc.	  	

  

	II.	Desktop Applications 

  

					
	 Vendor
	  	 Product Name
	  	 Owner of License

	Agilent	  	Agilent Cerity	  	Valero Services, Inc
	Agilent	  	EZChrom Elite	  	Valero Services, Inc
	Agilent	  	EZChrom Elite Client/Server	  	Valero Services, Inc
	Agilent	  	Ezchrom-LIMS Interface System	  	Valero Services, Inc
	BlueCoat Systems	  	Kaspersky Anti-Virus	  	Valero Services, Inc
	Cisco Systems	  	Cisco Unified CallManager 4.1(3)sr6	  	Valero Services, Inc
	Cisco Systems	  	Cisco FileCollectionSettings	  	Valero Services, Inc
	Informative Graphics Corp	  	Brava! Desktop Application	  	Valero Services, Inc
	Informative Graphics Corp	  	Brava! FreeDWG Viewer Application	  	Valero Services, Inc
	Informative Graphics Corp	  	Brava! Reader Application	  	Valero Services, Inc
	Inspection Logic	  	LeakDAS	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph Connector	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph Corp. GMRegSvr	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph GeoMedia	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph GluePoint	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph ImageScapeAddln	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph ModeIView	  	Valero Services, Inc
	Intergraph Corp	  	Intergraph SmartLabel	  	Valero Services, Inc
	LabVantage	  	LV LIMS	  	Valero Services, Inc
	LabVantage Solutions	  	Lab Work Bench	  	Valero Services, Inc
	Northwest Analytical	  	NWA Quality Analyst	  	Valero Services, Inc
	Northwest Analytical	  	NWA Quality Analyst Graphics 2.1	  	Valero Services, Inc
	Syntex	  	IMPACT Anywhere	  	Valero Services, Inc
	Syntex	  	IMPACT Enterprise	  	Valero Services, Inc
	Syntex	  	IMPACT Exec	  	Valero Services, Inc
	Syntex	  	IMPACT Gold Notification	  	Valero Services, Inc
	Wonderware	  	IntelaTrac Administration	  	Valero Services, Inc
	Wonderware	  	IntelaTrac CI	  	Valero Services, Inc
	Wonderware	  	IntelaTrac Management Center	  	Valero Services, Inc
	Wonderware	  	IntelaTrac Procedure Auditor Plus	  	Valero Services, Inc
	Wonderware	  	IntelaTrac Procedure Builder	  	Valero Services, Inc
	Wonderware	  	IntelaTrac We	  	Valero Services, Inc

 EXHIBIT A 
 TO 
 STOCK PURCHASE AGREEMENT 

ASSIGNMENT OF CONTRACTS 

  
 Exhibit A

 ASSIGNMENT OF CONTRACTS 

THIS ASSIGNMENT OF CONTRACTS (this “Assignment Agreement”) is executed by and between [VALERO AFFILIATE],
a Delaware corporation (“Transferor”), and PAULSBORO REFINING COMPANY LLC, a Delaware limited liability company formerly known as Valero Refining Company-New Jersey (“Transferee”), dated as of
             , 2010. Transferor and Transferee are referred to herein collectively as the “Parties”, and each individually a “Party”. 

RECITALS 

A. PBF Holdings Company LLC (“PBF”) and Valero Refining and Marketing Company (“VRMC”) entered into that certain
Stock Purchase Agreement (the “Stock Purchase Agreement”), dated as [             ], 2010, for the purchase by PBF of the Shares. 

B. Pursuant to the Stock Purchase Agreement, Transferee has agreed to assume, pay, perform and discharge when due all of the rights,
obligations, interests and liabilities of Transferor under each of the agreements set forth on Schedule I hereto (the “Assigned Contracts”) arising on or after the Closing Date. 

C. As a condition precedent to Closing under the Stock Purchase Agreement, PBF and VRMC require the execution of this Assignment
Agreement. 
 D. It is the intention of Transferor and Transferee that by the execution and delivery of this Assignment
Agreement, Transferor will assign to Transferee and Transferee will assume and will pay, perform and discharge when due, without recourse to Transferor, all of Transferor’s rights, obligations, interests and liabilities under the Assigned
Contracts arising on or after the Closing Date. 
 NOW THEREFORE, in consideration of the premises and the mutual covenants,
undertakings and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Transferor and Transferee, intending to be legally bound, hereby agree as follows: 

1. Defined Terms. Capitalized terms which are used but not otherwise defined in this Assignment Agreement shall have the meanings
ascribed to such terms in the Stock Purchase Agreement. 
 2. Assignment. Effective as of the Closing Date, Transferor
hereby transfers, conveys, assigns and delivers to Transferee all of Transferor’s legal, beneficial and other rights, obligations, interests and liabilities under and with respect to each Seller Contract to which Transferor is a party subject
to the terms of the Assigned Contracts regarding assignment. 
 3. Assumption. Transferee hereby unconditionally and
absolutely (a) accepts the assignment of each Seller Contract, (b) agrees to honor and be bound by all of the terms, covenants and conditions of each Seller Contract, and (c) assumes and agrees to pay, perform and discharge all of
Transferor’s rights, obligations, interests and liabilities under each Seller Contract arising on or after the Closing Date. 

  
 Exhibit A - 1

 4. Third Party Approvals. If notice to, or the consent, authorization, permission or
approval of, any third party (each, an “Approval” and collectively, the “Approvals”) is required for an assignment of any of the Assigned Contracts to be effective, the assignment to Transferee of such Assigned
Contracts shall be effective upon the granting of such Approval. To the extent that the failure to obtain any Approval would give rise to the right on the part of any third party to terminate, or limit any right of Transferor or Transferee with
respect to, any of the Assigned Contracts affected thereby, then any provision contained in this Assignment Agreement shall not become effective with respect to such Assigned Contracts unless and until such Approval has been obtained, waived or is
no longer required. When such Approval has been obtained, waived or is no longer required, this Assignment Agreement shall automatically become effective without the need for any further action on the part of Transferor, Transferee or any other
person and without payment of any further consideration. Until such time as any such Approval has been obtained or waived or is no longer required, Transferor and Transferee shall comply with their respective obligations under the Stock Purchase
Agreement with respect to any affected Seller Contract. 
 5. Further Assurances. Transferor shall take such commercially
reasonable additional actions, including the execution, acknowledgment and delivery of other appropriate documents and instruments, as may be reasonably necessary in order to convey, transfer, assign and deliver to, and vest in, Transferee, its
successors and assigns, the Assigned Contracts. 
 6. Stock Purchase Agreement Governs. This Assignment Agreement is
delivered pursuant to and is subject to the terms of the Stock Purchase Agreement. In the event that any provision of this Assignment Agreement conflicts with any provision of the Stock Purchase Agreement, the provisions of the Stock Purchase
Agreement shall control. 
 7. No Representations or Indemnity. Neither Transferor nor Transferee makes any
representations or warranties of any kind, express or implied, except as set forth in the Stock Purchase Agreement. All claims, rights of indemnification and reciprocal covenants between Transferor and Transferee concerning the Assigned Contracts
shall be exclusively governed by the Stock Purchase Agreement. Each of Transferor and Transferee acknowledges and agrees that the representations, warranties, covenants, agreements, indemnities and limitations on liability contained in the Stock
Purchase Agreement will not be superseded hereby but will remain in full force and effect to the full extent provided therein. 

8. Successors and Assigns. This Assignment Agreement shall bind and shall inure to the benefit of the respective parties hereto
and their respective successors and permitted assigns. Assignment of this Assignment Agreement by either party shall be governed by the assignment provisions contained in the Stock Purchase Agreement. 

9. No Third Party Beneficiaries. Nothing in this Assignment Agreement is intended to confer upon any Person other than Transferee,
on the one hand, and Transferor, on the other hand, any rights or remedies hereunder. There are no third party beneficiaries hereof. 
 10. Choice of Law; Dispute Resolution. This Assignment Agreement shall be construed (both as to validity and performance), interpreted and enforced in accordance with, and governed by, the Laws of
the State of New York, without regard to conflicts of laws rules as 

  
 Exhibit A - 2

 
applied in New York. All controversies or disputes arising out of and related to this Assignment Agreement shall be resolved in accordance with the dispute resolution procedures set forth in
Exhibit D of the Stock Purchase Agreement. 
 11. Jurisdiction; Consent to Service of Process; Waiver. Each of the
Parties hereto agrees, subject to Section 10, that it shall bring any action or proceeding in respect of any claim arising out of or related to this Assignment Agreement, whether in tort or contract or at law or in equity, exclusively in
any federal or state court in the State of New York and solely in connection with such claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any objection to laying venue in any such action or
proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 14 of the Assignment Agreement. The foregoing consents to jurisdiction and service of process shall not constitute
general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the Stock Purchase Agreement) other than the Parties hereto.
Each of the Parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Assignment Agreement and for any counterclaim therein. 

12. Availability of Equitable Relief. Each of the Parties hereto recognizes that irreparable injury will result from a breach of
any provision of this Assignment Agreement and that money damages will be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to Section 10 shall have the power to grant
temporary or permanent injunctive or other equitable relief. Notwithstanding Section 10, prior to the appointment of the arbitrators, a Party hereto may, subject to this Section 12, seek temporary injunctive relief from any
court of competent jurisdiction; provided that the Party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court ordered
relief shall not continue more than ten (10) days after the appointment of the arbitrators (or in any event for longer than sixty (60) days). 
 13. Counterparts. This Assignment Agreement may be executed in multiple counterparts and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be
an original but all of which taken together shall constitute one and the same agreement. Signed counterparts of this Assignment Agreement may be delivered by facsimile and by scanned PDF image; provided that each Party hereto uses
commercially reasonable efforts to deliver to each other Party hereto original signed counterparts as soon as possible thereafter. 

  
 Exhibit A - 3

 14. Notices. All notices and other communications that are required to be or may be
given pursuant to this Assignment Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by registered or certified mail (postage prepaid, return receipt requested) to the relevant
party hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Transferor: 

[Valero Affiliate] 
 One Valero Way 
 San Antonio, Texas 78249 

Attention: Executive Vice President and General Counsel 
 Telephone: (210) 345-2246 
 Facsimile: (210)345-5889 

If to Transferee, to: 
 Paulsboro Refining Company LLC 
 One Sound Shore Drive, Suite 303 

Greenwich, CT 06830 
 Attention: General Counsel 
 Telephone: (203) 629-1577 

or to such other address or facsimile number as any Party may, from time to time, designate in a written notice given in accordance with this
Section 14. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon actual receipt if received
during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the earlier of five
(5) days after deposit in the mail and the date of delivery as shown by the return receipt therefor. 
 [Signature Page
Follows] 
 Exhibit A - 4 

 THIS ASSIGNMENT AGREEMENT is executed and delivered effective as of the date first written
above by the undersigned duly authorized representatives of the parties hereto. 
  

			
	TRANSFEROR:
	
	[VALERO AFFILIATE], a Delaware corporation
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 TRANSFEREE:

	
	 PAULSBORO REFINING COMPANY LLC,
 a Delaware limited liability company

		
	 By:
	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit A - 5

 Schedule I 
 Assigned Contracts 
 [To be provided prior to Closing] 

  
 Exhibit A
(Schedule I)– 1 

 EXHIBIT B-1 
 TO 
 STOCK PURCHASE AGREEMENT 

BUYER GUARANTY 

  
 Exhibit B-1

 BUYER GUARANTY 

THIS GUARANTY AGREEMENT (this “Agreement”) is entered into as of
            , 2010, by PBF ENERGY COMPANY LLC, a Delaware limited liability company (“Guarantor”), for the benefit of VALERO REFINING AND MARKETING
COMPANY, a Delaware corporation (“Seller”). Terms used but not defined herein shall have the meanings assigned to them in the Stock Purchase Agreement (as defined below). 

RECITALS 

A. PBF HOLDING COMPANY LLC, a Delaware limited liability company (“Obligor”), has entered into that certain Stock
Purchase Agreement (the “Stock Purchase Agreement”), dated as of [            ], 2010, with Seller for the purchase by Obligor of the Shares. 

B. Obligor and Seller and certain of their Affiliates have entered into or will enter into the Other Agreements. 

C. As a condition precedent to Closing under the Stock Purchase Agreement and the execution and delivery of the Other Agreements, Seller
requires the execution of this Agreement. 
 D. Guarantor, directly or indirectly, owns all of the equity interests in Obligor.

 NOW THEREFORE, in order to induce Seller to sell the Shares as provided in the Stock Purchase Agreement and to induce Seller
to enter into the Other Agreements, and in consideration of the foregoing Recitals, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor agrees as follows: 

ARTICLE I 

REPRESENTATIONS AND WARRANTIES OF GUARANTOR 
 Guarantor hereby represents and warrants to Seller as follows: 
 Section 1.1
Organization and Qualification. Guarantor is a limited liability company, duly organized and validly existing and in good standing under the laws of the state of Delaware. 

Section 1.2 Due Authority. Guarantor has full corporate power and authority to execute, deliver and perform its obligations
under this Agreement. This Agreement has been duly and validly executed and delivered by Guarantor and constitutes a legal, valid and binding obligation of Guarantor enforceable in accordance with its terms. 

Section 1.3 Solvency. Guarantor is not insolvent and will not be rendered insolvent as a result of execution of this
Guaranty. 
 Section 1.4 Consideration. Guarantor has received adequate consideration for entering into this
Agreement, including the execution of the Stock Purchase Agreement and the Other Agreements by Seller and Obligor, and the undertaking of the Obligations (as defined below) by Obligor and its Affiliates. 

  
 Exhibit B-1-1

 ARTICLE II 
 GUARANTY OF OBLIGATIONS 
 Section 2.1 Guaranty. Subject to any
rights, setoffs, counterclaims, and any other defenses that the Guarantor expressly reserves to itself under this Agreement, Guarantor hereby unconditionally, absolutely and irrevocably guarantees, undertakes and promises to cause, as herein
provided, the due and punctual payment and the full and prompt performance by Obligor and its Affiliates of all of the amounts to be paid, including the payment of the Purchase Price and the indemnification obligations of Obligor, and all of the
terms and provisions to be performed or observed by or on the part of Obligor or its Affiliates, under the Stock Purchase Agreement and the Other Agreements (all such terms and provisions as now or hereafter in existence being collectively called
the “Obligations”), whether according to the present terms thereof, or pursuant to any change in the terms, covenants and conditions thereof at any time hereafter made or granted, including pursuant to any amendments, extensions or
renewals of the Stock Purchase Agreement, the Other Agreements or the Obligations. Guarantor agrees and acknowledges that no amendment, extension or renewal of the Stock Purchase Agreement, the Other Agreements or the Obligations will discharge or
otherwise affect the liability of Guarantor under this Agreement. 
 (b) In the event that Obligor or its Affiliates shall fail
in any manner whatsoever to pay, perform or observe any of the Obligations, when and as the same shall be required to be paid, performed or observed under the terms of the Stock Purchase Agreement or the Other Agreements, Guarantor will itself duly
and punctually pay, or fully and promptly perform or observe, as the case may be, such Obligations, or cause the same to be duly and punctually paid, or fully and promptly performed or observed, in each case as if Guarantor were itself the obligor
with respect to such Obligations under the Stock Purchase Agreement or the Other Agreements, as applicable. 
 Section 2.2
No Demand or Notice. It shall not be a condition to the guarantees and agreements set forth in Section 2.1 (the “Guaranty”) that Seller shall have first made any request of, or demand upon, or given any notice of
the occurrence of a default under the Stock Purchase Agreement or the Other Agreements (unless such notice is specifically required under the Stock Purchase Agreement or the Other Agreements) or any other notice whatsoever to, Guarantor or Obligor
or its Affiliates or any other Person, or shall have instituted any action or proceeding against Obligor or its Affiliates or any other Person in respect thereof, or shall have joined Obligor or its Affiliates in any such action or proceeding.

 (a) Seller, in asserting the benefit of the Guaranty shall give prompt notice to Guarantor of any failure by Obligor or its
Affiliates to pay, perform or observe any Obligation; provided, however, that any failure, delay or defect in the giving of such notice shall not alter or affect the Guaranty under this Agreement. 

Section 2.3 Waiver of Resort to Security. Guarantor further agrees that this Agreement, insofar as it constitutes a guarantee
of monetary Obligations, constitutes a guarantee of payment when due and not of collection, and Guarantor waives any right to require as a condition to its Guaranty that any resort be had by Seller to any security held for the payment of any
Obligation. 

  
 Exhibit B-1-2

 Section 2.4 No Discharge. The Guaranty is and shall remain absolute and
unconditional irrespective of any circumstance that might otherwise constitute a legal or equitable discharge of a surety or guarantor, as the case may be, with respect to its Guaranty. 

Section 2.5 Waivers by Guarantor. Guarantor hereby waives with respect to its Guaranty but without prejudice to the rights of
the parties to the Stock Purchase Agreement or the Other Agreements, any notice of acceptance of this Agreement by Seller, grace, presentment, demand, protest, notice of the occurrence of a default under the Stock Purchase Agreement or the Other
Agreements and any other notice of any kind whatsoever and promptness in making any claim or demand hereunder. 
 (b) The
Guaranty shall not be affected by (i) the failure of Seller to assert any claim or demand or to enforce any right or remedy under the provisions of the Stock Purchase Agreement, the Other Agreements or any agreement related to the foregoing or
otherwise, (ii) any extension of the Stock Purchase Agreement, the Other Agreements or any agreement related to the foregoing, (iv) any rescission, waiver, amendment or modification of any of the terms or provisions of the Stock Purchase
Agreement, the Other Agreements or of any agreement related to the foregoing, including any change in the time, manner or place of payment or performance of any of the obligations under the Stock Purchase Agreement or the Other Agreements or
(v) the release of any security held for payment of any Obligations. 
 Section 2.6 No Reduction. The Guaranty
shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or
termination whatsoever, except as provided in Section 2.9. 
 Section 2.7 Enforcement. Notwithstanding
anything herein to the contrary, Seller may proceed to enforce the Guaranty against Guarantor without first pursuing or exhausting any right or remedy that Seller or any of its successors or assigns may have against Obligor or its Affiliates or any
other Person. 
 Section 2.8 Continued Effectiveness. The Guaranty shall continue to be effective or be reinstated,
as the case may be, if at any time payment, or any part thereof, of any Obligation of Obligor or its Affiliates is rescinded or must otherwise be restored or returned by the Person receiving such payment upon the insolvency, bankruptcy or
reorganization of Obligor or its Affiliates, all as though such payment or part thereof had not been made. 
 Section 2.9
Certain Defenses. Nothing herein is intended to deny to Guarantor, and it is expressly agreed that Guarantor shall have and may assert, any and all the defenses, set-offs, counterclaims and other rights (other than those relating to
insolvency, bankruptcy or reorganization as described in Section 2.8) with regard to any Obligation that Obligor or its Affiliates may possess except any defense Obligor or its Affiliates may possess relating to lack of validity or
enforceability of the Stock Purchase Agreement, the Other Agreements or any other agreement or instrument relating to the foregoing as against Obligor or its Affiliates arising from (a) the defective incorporation or other defective
organization of Obligor or its Affiliates, (b) Obligor’s or its Affiliates’ lack of qualification to do business in any applicable jurisdiction or (c) Obligor’s or its Affiliates’ defective corporate or other
organizational authority to enter into, deliver or perform the Stock Purchase Agreement or any Other Agreements. 

  
 Exhibit B-1-3

 ARTICLE III 
 MISCELLANEOUS 
 Section 3.1 Governing Law. THIS
AGREEMENT SHALL BE CONSTRUED (BOTH AS TO VALIDITY AND PERFORMANCE), INTERPRETED AND ENFORCED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS RULES AS APPLIED IN NEW YORK. 

Section 3.2 Jurisdiction; Consent to Service of Process; Waiver. Guarantor and Seller each agrees that it shall bring any
action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any Federal or state court in the City of New York, New York and solely in connection with
claims arising under such agreement or instrument or the transactions contained in or contemplated by such agreement or instrument, (a) irrevocably submits to the exclusive jurisdiction of such courts, (b) waives any objection to laying
venue in any such action or proceeding in such courts, (c) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (d) agrees that service of process upon it may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 3.5. The foregoing consents to jurisdiction and service of process shall not constitute
general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person other than Guarantor and Seller. Guarantor and Seller each hereby knowingly and
intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 
 Section 3.3 Construction. Whenever the context requires, the gender of all words used in this Agreement includes the masculine, feminine and neuter. Terms defined in the singular have the
corresponding meanings in the plural, and vice versa. All references to Articles and Sections refer to articles and sections of this Agreement. The word “including” means “including, but not limited to.” The words
“hereof,” “hereby,” “herein,” “hereunder” and similar terms in this Agreement shall refer to this Agreement as a whole and not any particular section or article in which such words appear. Any reference to a
statute, regulation or law shall include any amendment thereof or any successor thereto and any rules and regulations promulgated thereunder, all as in effect as of the date hereof. Reference to any Person includes such Person’s successors and
assigns. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. 
 Section 3.4 Amendment. This Agreement may not be amended except by an instrument in writing executed and delivered by Guarantor and Seller. 

  
 Exhibit B-1-4

 Section 3.5 Notices. All notices and other communications that are required to
be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by a recognized international courier service (such as Federal Express or UPS) or mailed by registered or
certified mail (postage prepaid, return receipt requested) to the relevant party hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Guarantor, to: 
 PBF Energy Company LLC 

One Sound Shore Drive, Suite 303 
 Greenwich, CT 06830 
 Attention: General Counsel 

Telephone: (203) 629-1577 
 Facsimile: (203) 629-1606 
 If to Seller to: 

Valero Refining and Marketing Company 
 c/o Valero Energy Corporation 
 One Valero Way 

San Antonio, Texas 78249 
 Attention: Executive Vice President and General Counsel 
 Telephone: (210)345-2246

 Facsimile: (210)345-5889 
 or to such other address or facsimile number as Guarantor or Seller may, from time to time, designate in a written notice given in accordance with this Section 3.5. Any such notice or
communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon actual receipt if received during the recipient’s normal business
hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the earlier of five days after deposit in the mail and the date of delivery
as shown by the return receipt therefor. 
 Section 3.6 Public Announcements. Neither Guarantor nor Seller will
issue or make any press releases or similar public announcements concerning the Guaranty or this Agreement without the prior written consent of each of the parties hereto, except as may be required by Law. In the event that it is required by Law to
make a disclosure concerning this Agreement such party shall use diligent efforts to first notify the other parties hereto before making such disclosure. 
 Section 3.7 Expenses. Except as otherwise expressly provided herein, all costs and expenses incurred by Guarantor in connection with this Agreement shall be paid by Guarantor, and all costs
and expenses incurred by Seller in connection with this Agreement shall be paid by Seller or its Affiliates. 

  
 Exhibit B-1-5

 Section 3.8 Headings. The headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 Section 3.9
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect, and the invalid, illegal or unenforceable provision shall be reformed to the minimum extent required to render such provision valid, legal and enforceable and in a manner so as to preserve the economic and legal substance of the
transactions contemplated hereby to the fullest extent permitted by Law. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that the Guaranty contemplated hereby is fulfilled to the extent possible. 

Section 3.10 Assignment. This Agreement shall not be assigned by Guarantor or Seller (including by operation of law or
otherwise), except in connection with an assignment permitted under the Stock Purchase Agreement or the Other Agreements. Any purported assignment of this Agreement in violation of this Section 3.10 shall be null and void. 

Section 3.11 Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of Seller and its
permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

Section 3.12 Counterparts. This Agreement may be executed in multiple counterparts and by Guarantor and Seller in separate
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. This Agreement may be executed by facsimile; provided that each party hereto uses
commercially reasonable efforts to deliver to each other party hereto original signatures as soon as possible thereafter. 

Section 3.13 Entire Agreement. This Agreement, the Stock Purchase Agreement and the Other Agreements constitute the entire
agreement of Guarantor and Seller with respect to the subject matter hereof, and supersede all prior agreements and undertakings, both written and oral, among Guarantor and Seller with respect to the subject matter hereof. 

Section 3.14 No Third Party Beneficiary. This Guaranty is given by the Guarantor solely for the benefit of the Seller and
their respective successors and permitted assigns, and is not to be relied upon by any other person or entity. 
 [Balance of
page intentionally left blank] 

  
 Exhibit B-1-6

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of the date
first written above by its officers thereunto duly authorized. 
  

			
	GUARANTOR:
	
	PBF ENERGY COMPANY LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 ACCEPTED: 

VALERO REFINING AND MARKETING COMPANY 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to Buyer Guaranty] 

 EXHIBIT B-2 
 TO 
 STOCK PURCHASE AGREEMENT 

SELLER GUARANTY 

  
 Exhibit B-2

 SELLER GUARANTY 

THIS GUARANTY AGREEMENT (this “Agreement”) is entered into on
            , 2010, by VALERO ENERGY CORPORATION, a Delaware corporation (“Guarantor”), for the benefit of PBF HOLDING COMPANY LLC, a Delaware limited
liability company (“Buyer”). Terms used but not defined herein shall have the meanings assigned to them in the Stock Purchase Agreement (as defined below). 
 RECITALS 
 A. Valero Refining and Marketing Company, a Delaware corporation
(“Obligor”) and Buyer have entered into that certain Stock Purchase Agreement, dated as of [            ], 2010 (as amended, the “Stock Purchase
Agreement”), for the purchase by Buyer of the Shares. 
 B. Obligor and Seller and certain of their Affiliates have
entered into or will enter into the Other Agreements. 
 C. As a condition precedent to Closing under the Stock Purchase
Agreement and the execution and delivery of the Other Agreements, Buyer requires the execution of this Agreement. 
 D.
Guarantor, directly or indirectly, owns all of the equity interests in Obligor. 
 NOW THEREFORE, in order to induce Buyer to
purchase the Shares as provided in the Stock Purchase Agreement and to induce Buyer to enter into the Other Agreements, and in consideration of the foregoing Recitals, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Guarantor agrees as follows: 
 ARTICLE I 

REPRESENTATIONS AND WARRANTIES OF GUARANTOR 
 Guarantor hereby represents and warrants to Buyer as follows: 
 Section 1.1
Organization and Qualification. Guarantor is a Delaware corporation, duly organized and validly existing and in good standing under Delaware Law. 
 Section 1.2 Due Authority. Guarantor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly and validly
executed and delivered by Guarantor and constitutes a legal, valid and binding obligation of Guarantor enforceable in accordance with its terms. 
 Section 1.3 Solvency. Guarantor is not insolvent and will not be rendered insolvent as a result of execution of this Agreement. 

Section 1.4 Consideration. Guarantor has received adequate consideration for entering into this Agreement, including the
execution of the Stock Purchase Agreement and the Other Agreements by Buyer and Obligor, and the undertaking of the Obligations (as defined below) by Obligor and its Affiliates. 

  
 Exhibit B-2-1

 ARTICLE II 
 GUARANTY OF OBLIGATIONS 
 Section 2.1 Guaranty. Subject to any
rights, setoffs, counterclaims, and any other defenses that the Guarantor expressly reserves to itself under this Agreement, Guarantor hereby unconditionally, absolutely and irrevocably guarantees, undertakes and promises to cause, as herein
provided, the due and punctual payment and the full and prompt performance by Obligor of all of the amounts to be paid, including the indemnification obligations of Obligor, and all of the terms and provisions to be performed or observed by or on
the part of Obligor, under the Stock Purchase Agreement and the Other Agreements (all such terms and provisions as now or hereafter in existence being collectively called the “Obligations”), whether according to the present terms
thereof, or pursuant to any change in the terms, covenants and conditions thereof at any time hereafter made or granted, including pursuant to any amendments, extensions or renewals of the Stock Purchase Agreement, the Other Agreements or the
Obligations. Guarantor agrees and acknowledges that no amendment, extension or renewal of the Stock Purchase Agreement, the Other Agreements or the Obligations will discharge or otherwise affect the liability of Guarantor under this Agreement.

 (b) In the event that Obligor shall fail in any manner whatsoever to pay, perform or observe any of the Obligations, when and
as the same shall be required to be paid, performed or observed under the terms of the Stock Purchase Agreement or the Other Agreements, Guarantor will itself duly and punctually pay, or fully and promptly perform or observe, as the case may be,
such Obligations, or cause the same to be duly and punctually paid, or fully and promptly performed or observed, in each case as if Guarantor were itself the obligor with respect to such Obligations under the Stock Purchase Agreement or the Other
Agreements, as applicable. 
 Section 2.2 No Demand or Notice. It shall not be a condition to the guarantees and
agreements set forth in Section 2.1 (the “Guaranty”) that Buyer shall have first made any request of, or demand upon, or given any notice of the occurrence of a default under the Stock Purchase Agreement or the Other
Agreements (unless such notice is specifically required under the Stock Purchase Agreement or the Other Agreements) or any other notice whatsoever to, Guarantor or Obligor or any other Person, or shall have instituted any action or proceeding
against Obligor or any other Person in respect thereof, or shall have joined Obligor in any such action or proceeding. 
 (b)
Buyer in asserting the benefit of the Guaranty shall give prompt notice to Guarantor of any failure by Obligor to pay, perform or observe any Obligation; provided, however, that any failure, delay or defect in the giving of such notice
shall not alter or affect the Guaranty under this Agreement. 
 Section 2.3 Waiver of Resort to Security. Guarantor
further agrees that this Agreement, insofar as it constitutes a guarantee of monetary Obligations, constitutes a guarantee of payment when due and not of collection, and Guarantor waives any right to require as a condition to its Guaranty that any
resort be had by Buyer to any security held for the payment of any Obligation. 

  
 Exhibit B-2-2

 Section 2.4 No Discharge. The Guaranty is and shall remain absolute and
unconditional irrespective of any circumstance that might otherwise constitute a legal or equitable discharge of a surety or guarantor, as the case may be, with respect to its Guaranty. 

Section 2.5 Waivers by Guarantor. Guarantor hereby waives with respect to its Guaranty but without prejudice to the rights of
the parties to the Stock Purchase Agreement or the Other Agreements, any notice of acceptance of this Agreement by Buyer, grace, presentment, demand, protest, notice of the occurrence of a default under the Stock Purchase Agreement or the Other
Agreements and any other notice of any kind whatsoever and promptness in making any claim or demand hereunder. 
 (b) The
Guaranty shall not be affected by (i) the failure of Buyer to assert any claim or demand or to enforce any right or remedy under the provisions of the Stock Purchase Agreement, the Other Agreements or any agreement related to the foregoing or
otherwise, (ii) any extension of the Stock Purchase Agreement, the Other Agreements or any agreement related to the foregoing, (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of the Stock Purchase
Agreement, the Other Agreements or of any agreement related to the foregoing, including any change in the time, manner or place of payment or performance of any of the obligations under the Stock Purchase Agreement or the Other Agreements, or
(iv) the release of any security held for payment of any Obligations. 
 Section 2.6 No Reduction. The Guaranty
shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or
termination whatsoever, except as provided in Section 2.9. 
 Section 2.7 Enforcement. Notwithstanding
anything herein to the contrary, Buyer may proceed to enforce the Guaranty against Guarantor without first pursuing or exhausting any right or remedy that Buyer or any of its successors or assigns may have against Obligor or any other Person.

 Section 2.8 Continued Effectiveness. The Guaranty shall continue to be effective or be reinstated, as the case
may be, if at any time payment, or any part thereof, of any Obligation of Obligor is rescinded or must otherwise be restored or returned by the Person receiving such payment upon the insolvency, bankruptcy or reorganization of Obligor, all as though
such payment or part thereof had not been made. 
 Section 2.9 Certain Defenses. Nothing herein is intended to deny
to Guarantor, and it is expressly agreed that Guarantor shall have and may assert, any and all the defenses, set-offs, counterclaims and other rights (other than those relating to insolvency, bankruptcy or reorganization as described in
Section 2.8) with regard to any Obligation that Obligor may possess except any defense Obligor may possess relating to lack of validity or enforceability of the Stock Purchase Agreement, the Other Agreements or any other agreement or
instrument relating to the foregoing as against Obligor arising from (a) the defective incorporation or other defective organization of Obligor, (b) Obligor’s lack of qualification to do business in any applicable jurisdiction or
(c) Obligor’s defective corporate or other organizational authority to enter into, deliver or perform the Stock Purchase Agreement or the Other Agreements. 

  
 Exhibit B-2-3

 ARTICLE III 
 MISCELLANEOUS 
 Section 3.1 Governing Law. THIS AGREEMENT
SHALL BE CONSTRUED (BOTH AS TO VALIDITY AND PERFORMANCE), INTERPRETED AND ENFORCED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS RULES AS APPLIED IN NEW YORK. 

Section 3.2 Jurisdiction; Consent to Service of Process: Waivers. Guarantor and Buyer each agrees that it shall bring any
action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any Federal or state court in the City of New York, New York and solely in connection with
claims arising under such agreement or instrument or the transactions contained in or contemplated by such agreement or instrument, (a) irrevocably submits to the exclusive jurisdiction of such courts, (b) waives any objection to laying
venue in any such action or proceeding in such courts, (c) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (d) agrees that service of process upon it may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section3.5. The foregoing consents to jurisdiction and service of process shall not constitute general
consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person other than Guarantor and Buyer. Guarantor and Buyer hereby knowingly and intentionally,
irrevocably and unconditionally waive trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 
 Section 3.3 Construction. Whenever the context requires, the gender of all words used in this Agreement includes the masculine, feminine and neuter. Terms defined in the singular have the
corresponding meanings in the plural, and vice versa. All references to Articles and Sections refer to articles and sections of this Agreement. The word “including” means “including, but not limited to.” The words
“hereof,” “hereby,” “herein,” “hereunder” and similar terms in this Agreement shall refer to this Agreement as a whole and not any particular section or article in which such words appear. Any reference to a
statute, regulation or law shall include any amendment thereof or any successor thereto and any rules and regulations promulgated thereunder, all as in effect as of the date hereof. Reference to any Person includes such Person’s successors and
assigns. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. 
 Section 3.4 Amendment. This Agreement may not be amended except by an instrument in writing executed and delivered by Guarantor and Buyer. 

  
 Exhibit B-2-4

 Section 3.5 Notices. All notices and other communications that are required to
be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by a recognized international courier service (such as Federal Express or UPS) or mailed by registered or
certified mail (postage prepaid, return receipt requested) to the relevant party hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Guarantor, to: 
 Valero Energy Corporation 

One Valero Way 

San Antonio, Texas 78249 
 Attention: Executive Vice President and General Counsel 
 Telephone:
(210) 345-2246 
 Facsimile: (210) 345-5889 
 If to Buyer, to: 
 PBF Holding Company LLC 

One Sound Shore Drive, Suite 303 
 Greenwich, CT 06830 
 Attention: General Counsel 

Telephone: (203) 629-1577 
 Facsimile: (203) 629-1606 
 or to such other address or facsimile number as Guarantor or
Buyer may, from time to time, designate in a written notice given in accordance with this Section 3.5. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended
recipient, (b) if sent by facsimile transmission, upon actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during
recipient’s normal business hours, or (c) if mailed, upon the earlier of five days after deposit in the mail and the date of delivery as shown by the return receipt therefor. 

Section 3.6 Public Announcements. Neither Guarantor nor Buyer will issue or make any press releases or similar public
announcements concerning the Guaranty or this Agreement without the prior written consent of each of the parties hereto, except as may he required by Law. In the event that it is required by Law to make a disclosure concerning this Agreement such
party shall use diligent efforts to first notify the other parties hereto before making such disclosure. 
 Section 3.7
Expenses. Except as otherwise expressly provided herein, all costs and expenses incurred by Guarantor in connection with this Agreement shall be paid by Guarantor, and all costs and expenses incurred by Buyer in connection with this Agreement
shall be paid by Buyer or its Affiliates. 
 Section 3.8 Headings. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 Section 3.9
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect, and the invalid, illegal or unenforceable provision shall be reformed to the minimum extent required to render such provision valid, legal and enforceable and in a manner so as to preserve the

  
 Exhibit B-2-5

 
economic and legal substance of the transactions contemplated hereby to the fullest extent permitted by Law. Upon such determination that any term or other provision is invalid, illegal or
incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that the Guaranty contemplated
hereby is fulfilled to the extent possible. 
 Section 3.10 Assignment. This Agreement shall not be assigned by
Guarantor or Buyer (including by operation of law or otherwise), except in connection with an assignment permitted under the Stock Purchase Agreement or the Other Agreements. Any purported assignment of this Agreement in violation of this
Section 3.10 shall be null and void. 
 Section 3.11 Parties in Interest. This Agreement shall be
binding upon and inure solely to the benefit of Buyer and its permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature
whatsoever under or by reason of this Agreement. 
 Section 3.12 Counterparts. This Agreement may be executed in
multiple counterparts and by Guarantor and Buyer in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. This Agreement may be executed by
facsimile; provided that each party hereto uses commercially reasonable efforts to deliver to each other party hereto original signatures as soon as possible thereafter. 
 Section 3.13 Entire Agreement. This Agreement, the Stock Purchase Agreement and the Other Agreements constitute the entire agreement of Guarantor and Buyer with respect to the subject matter
hereof, and supersede all prior agreements and undertakings, both written and oral, among Guarantor and Buyer, with respect to the subject matter hereof. 
 Section 3.14 No Third Party Beneficiary. This Guaranty is given by the Guarantor solely for the benefit of the Buyer and their respective successors and permitted assigns, and is not to be
relied upon by any other person or entity. 
 [Balance of page intentionally left blank] 

  
 Exhibit B-2-6

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of the date
first written above by its officers thereunto duly authorized. 
  

			
	GUARANTOR:
	
	VALERO ENERGY CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	ACCEPTED:
	
	PBF HOLDING COMPANY LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to Seller Guaranty] 

 EXHIBIT C 
 Term Sheet for Paulsboro Loan 
  

			
		
	The terms and conditions stated herein are for discussion purposes only.	  	
		
	Lender:	  	Valero Energy Corporation.
		
	Borrower:	  	Paulsboro Refining Company LLC (“Paulsboro” or the “Borrower”, currently known as Valero Refining Company-New Jersey).
		
	Parent Guaranty:	  	The Borrower’s loan obligations will be fully and unconditionally guaranteed (and except with respect to the pledge of the Paulsboro and VNGBC shares, on an unsecured basis)
by PBF Energy Company LLC (“PBFC”), which is the ultimate parent of the Borrower, PBF Holding Company LLC (“PBFHC”) and Valero Natural Gas Pipeline Company (to be renamed Paulsboro Natural Gas Pipeline Company post-closing)
(“VNGPC” and Paulsboro are referred to collectively as the “Paulsboro Entities”; PFBC, PBFHC and VNGPC are referred to collectively as the “Guarantors”).
		
	Loan Date:	  	The closing date of the Paulsboro Refinery (the “Refinery”) sale.
		
	Loan Amount:	  	$180 million (the “Loan”).
		
	Initial Term/Maturity Date:	  	The Maturity Date of the Loan will be one year from Loan Date (the “Original Maturity Date”).
		
	Subsequent Terms:	  	Upon 30 days notice to Lender, Borrower may elect to extend the Maturity Date of the Loan for six months (the “Extended Maturity Date”).
		
	Interest Rate / Borrowing Cost:	  	 The Interest Rate on the Loan Amount will be LIBOR plus 700 basis points for the first year of the loan.

 
 If Borrower elects to extend the Maturity Date for six months as provided for
herein, the Interest Rate on the Loan Amount will increase to LIBOR plus 900 basis points during the period from the Original Maturity Date to the Extended Maturity Date.

		
	Default Rate:	  	An additional 200 basis points above the then-applicable interest rate.
		
	LIBOR:	  	LIBOR will be the 3 Month LIBOR as published in the Wall Street Journal’s “Money Rates” column on the first day of

  
 Page 1 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
		  	each 3 month period of the Loan (the “LIBOR Determination Date”) beginning with the Loan Date and shall remain set until the next LIBOR Determination
Date.
		
	Interest Payment Dates:	  	 Interest only will accrue at the defined Interest Rate and will be payable in arrears on the first Business Day following each 3
month period of the Loan.
  
 Interest will be calculated using a 360-day year
and based on the actual days elapsed.

		
	Principal Payments:	  	 The Loan Amount shall be paid in full on the Maturity Date.

 
 Borrower may elect to repay the loan in full or in part prior to the Maturity Date
upon 5 days written notice to the Lender. There shall be no penalty for early repayment. Any amounts repaid result in a permanent reduction in the Loan Amount and cannot be borrowed again.

		
	Mandatory prepayment:	  	 Subject to the Intercreditor Agreement, the Loan Amount shall be prepaid in full or in part (as applicable under the loan documents)
upon occurrence of the following events (in each case, to the extent the relevant net cash proceeds exceed 5% of the Loan Amount):
  

•      Receipt of net cash proceeds from insurance proceeds for damage to any
of Paulsboro’s assets serving as Collateral (as defined below) unless applied to repair the Collateral;
  

•      Receipt of net cash proceeds in respect of any condemnation of all or
part of Paulsboro’s assets serving as Collateral unless applied to replace the Collateral; or
  

•      Receipt of net cash proceeds from the sale of any of Paulsboro’s
assets serving as Collateral, subject to customary reinvestment rights to be agreed upon; provided, that if VNGPC is sold or the pipeline assets of VNGPC are sold, Paulsboro must enter into a supply agreement or transportation agreement to
preserve the Refinery’s right to use the pipeline, which such agreement shall be pledged to Lender as Collateral.
  

•      Receipt of any net cash proceeds from capital markets activities by
PBFC, PBFHC or any Paulsboro Entity, including but not limited to an initial public offering of any equity or debt securities.

  
 Page 2 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
	Security Interest:	  	 The Loan will be secured by a first lien on the assets listed below (the “Collateral”):

 

•      All property, plant, and equipment of Paulsboro comprising the Refinery
including spare parts, precious metals catalysts and intellectual property rights required in connection with the operation of the Refinery; and
  

•      All equity shares of Paulsboro and VNGPC.

 
 The lien on the Collateral will be subject to an intercreditor agreement between the
Lender and the secured parties permitted by the Bank Facility.

		
	Conditions Precedent:	  	 Conditions precedent will be those customary for such a loan including, but not limited to, the following:

 

•        Closing on the sale of the Refinery.

 

•        Reps and warranties being true and correct in all material
respects.
  

•        No Default.

 

•        Validity and priority of the security interest in the
Collateral.
  

•        Other customary conditions precedent.

		
	Covenants:	  	 Covenants will be those customary for financings of this type and if applicable substantially similar in scope to the covenants set
forth in the documents evidencing the term loan under the Bank Facility (as defined below) including, but not limited to, the following (with carve-outs, baskets, and thresholds to be mutually agreed).

 
 Affirmative covenants

 
 Timely delivery of quarterly and audited annual financial statements; notices of
default, material litigation and material adverse events; payment of taxes and other material obligations; continuation of business and maintenance of existence; compliance with laws and contractual obligations; maintenance of property and
insurance; right of Lender to inspect books and records; other customary provisions.
  
 Subsidiaries
  

All representations, warranties and covenants set forth in the loan documents shall apply to Borrower, VNGP and any of their wholly-owned subsidiaries.
Customary representations and warranties from each of the Guarantors for loans of this type shall also be included in the loan documents.

  
 Page 3 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
		 	 Additional Indebtedness
  

Borrower, PBFC or any of PBFC’s other subsidiaries shall be entitled to obtain third party financing for the financing of acquisitions and for
general corporate purposes including, but not limited to, the purchase of hydrocarbon feedstocks for the Refinery and to pay in part the purchase price for the Refinery (the “Bank Facility”), which such Bank Facility may consist of a term
and/or revolving loan (including a swingline and letter of credit subfacility), and shall be entitled to pledge and grant first priority and second priority liens on its or their assets other than the Collateral, and subordinated liens (on a second
and/or third priority basis) on the Collateral, in each case as security for the Bank Facility, subject to the negotiation of an Intercreditor Agreement (as defined below) on terms consistent with this term sheet, the Bank Facility term sheet
attached hereto as Exhibit A), and otherwise reasonably acceptable to Lender (see below).

		
		 	Except for the Bank Facility and this Loan, the Paulsboro Entities shall be prohibited from incurring additional liens on Collateral (other than customary permitted liens to be
agreed upon) and indebtedness for borrowed money. This covenant is not meant to prevent the Paulsboro Entities from issuing prudent industry practice hedge agreements and new debt if the proceeds from such new debt will be used to promptly repay the
Loan Amount in an amount equal to the amount of any such additional indebtedness, up to the amount required to pay the Loan Amount in full.
		
		 	Distribution Restrictions
		
		 	Borrower and VNGPC shall be prohibited from making distributions or other payments to First Reserve Corporation, The Blackstone Group, Petroplus International B.V., and certain
of their respective affiliates that hold equity in PBFC (collectively, the “Sponsors”) (other than estimated and actual tax sharing payments), and any of their successors or assignees, until such time as the Loan Amount has been
repaid to Lender in full.
		
		 	Borrower and VNGPC will be permitted to make distributions or other payments to PBFHC so long as no payment default has occurred and is continuing under the loan provided by the
Lender. In each such event, Lender will have the option to conduct an audit of reasonable scope and duration to determine there has been no violation of the immediately preceding paragraph (including with respect to tax payments), the costs of which
shall be shared equally by Borrower and Lender. PBFHC and PBFC shall be prohibited from making distributions or other payments to the Sponsors) (other than estimated and actual tax sharing payments) until such time as the Loan Amount has been repaid
to Lender in full.

  
 Page 4 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
		  	 Cross-Default
  

The Loan will be cross-defaulted with Paulsboro affiliate parties’ material post-Closing covenants under the Stock Purchase Agreements for the
acquisition of Borrower and VNGPC, as well as to material contracts of Paulsboro affiliate parties (subject to customary contract replacement rights and cure rights to be agreed upon), including but not limited to the Offtake Agreement, Transition
Services Agreement, Easement Agreement, and Feedstock and Product Inventory Sales Agreement.
  
 Other
  

Restrictions on liens, mergers, liquidations, material asset dispositions, non-arms length transactions with affiliates, sale-leaseback transactions,
subsidiary debt, and material changes in business conduct. For the avoidance of doubt, the restrictions and other covenants shall only apply to the Paulsboro Entities.
  

Other covenants normal and customary for such a loan to be mutually agreed, provided that there shall be no financial covenants.

		
	Intercreditor Agreement:	  	 As an inducement to and as one of the conditions precedent to the Loan by Lender, Lender requires the execution and delivery of an
Intercreditor Agreement (the “Intercreditor Agreement”) by the Bank Facility agent and the Lender (and acknowledged by the Borrower) in order to set forth the relative rights and priorities of Lender and the Bank Facility lenders with
respect to the Collateral and application of payments related thereto. Such Intercreditor Agreement shall provide, among other things:
  

•      that the Bank Facility lenders shall have a first and/or second lien
against certain assets not comprising Collateral, all to be pledged as part of the Bank Facility;
  

•      that the Lender shall have a senior lien over all Collateral of
Paulsboro with the Bank Facility lenders having a junior lien over the Collateral;
  
 •      that the payment of any and all of the Bank Facility debt with respect to the Collateral shall be subordinate

  
 Page 5 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
		  	 and subject in right and time of payment to the prior payment in full of all Credit Party indebtedness to Lender with respect to the
Collateral.

		
		  	The Intercreditor Agreement shall include the following bankruptcy protections:
		
		  	 •      Waiver by Bank Facility lenders of their right to challenge the validity, priority,
perfection, etc. of any of Lender’s Liens over Collateral;

		
		  	 •      Waiver by the Lender of its right to challenge the validity, priority, perfection,
etc. of the Bank Facility lenders with respect to their junior liens over the Collateral and their liens over the other assets of Paulsboro;

		
		  	 •      Consent and agreement by Bank Facility lenders in advance to (or waiver of
objections to) any DIP financing provided by Lender to the Paulsboro Entities and secured by the Collateral, and that any such DIP loan from Lender will prime any other liens on the Collateral;

		
		  	 •      Consent and agreement by the Lender in advance to (or waiver of objections to) any
DIP financing provided to the Paulsboro Entities by the Bank Facility lenders and secured by any and all assets of Paulsboro other than the Collateral;

		
		  	 •      Restrictions on Bank Facility lenders’ ability to provide DIP financing that
primes Lender’s liens on Collateral or is pari passu with Lender’s liens on Collateral; 

		
		  	 •      Restrictions on the Lender’s ability to provide DIP financing that primes the
liens of the Bank Facility lenders on any and all assets of Paulsboro other than the Collateral or is pari passu with the Bank Facility lenders’ liens on such assets;

		
		  	 •      Bank Facility lenders’ consent in advance to any use of the Paulsboro
Entities’ cash collateral arising from the Collateral approved by Lender;

  
 Page 6 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
		  	 •      Lender’s consent in advance to any use of the
Paulsboro Entities’ cash collateral arising from any and all assets of Paulsboro, other than the Collateral, approved by the Bank Facility lenders,
  

•      Waiver of Bank Facility lenders’ rights to object to any 363 sale
of Collateral or restructuring plan of Paulsboro with respect to the Collateral, without Lender’s written consent;
  

•      Waiver of Lender’s rights to object to any 363 sale of any and all
assets of Paulsboro, other than the Collateral, without the Bank Facility lenders’ consent;
  

•      Waiver of Bank Facility lenders’ rights to secure relief from the
Bankruptcy Code’s automatic stay with respect to the Collateral, without the consent of theLender;
  

•      Waiver of Lenders’ rights to secure relief from the Bankruptcy
Code’s automatic stay with respect to any and all assets, other than the Collateral, without the consent of the Bank Facility lenders;
  

•      Waiver of Bank Facility lenders’ rights to object to any request
by Lender for adequate protection with respect to the Collateral and limit Bank Facility lender’s own rights to adequate protection with respect to the Collateral; and

 

•      Waiver of Lender’s rights to object to any request by the Bank
Facility lenders for adequate protection with respect to their lien on any and all assets, other than the Collateral and limit Lender’s own rights to adequate protection with respect any and all such other assets (other than the
Collateral).

		
	Assignment of Loan:	  	Lender may assign its interest in the Loan to an affiliate or a third party (excluding competitors of the Paulsboro affiliate parties and the Sponsors, such competitors to be
identified in an Exhibit) without the Borrower’s consent. Borrower and PBFC shall have a right of last offer to any third party assignments.

  
 Page 7 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
	Reps and Warranties:	  	Customary for this type of financing and substantially similar to the scope of the representations and warranties set forth in the documents evidencing the term loan under the
Bank Facility, including, but not limited to, reps and warranties concerning the following (with carve-outs, baskets, and thresholds to be mutually agreed): organization, existence, authorization, material obligations, compliance with laws and
agreements, payments of taxes, properties, material litigations and other material matters.
		
	Events of Default:	  	 Events of default (“Events of Default”) will be customary for similar financings and substantially similar to the scope of
the Events of Default set forth in the documents evidencing the Bank Facility including, but not limited to, the following (with grace periods, baskets, and thresholds to be mutually agreed):

 

•        Non-payment of principal on any due date and interest
(subject to a grace period of two business days);
  
 •        Material inaccuracy of representations and warranties;
  

•        Violation of any covenants (subject to grace periods for
certain covenants as mutually agreed);
  
 •        Failure to make payments when due in respect of any material indebtedness of the Borrower;

 

•        Insolvency, voluntary or involuntary bankruptcy;

 

•        Material judgments;

 

•        Change of control;

 

•        Certain environmental liabilities;

 

•        Failure of security documents to create a valid and
perfected first priority lien;
  

•        Other events

 
 Upon the occurrence of an Event of Default and after a reasonable opportunity to
cure, the Loan Amount will become immediately due and payable and Lender shall have the right to foreclose on the Collateral.

		
	Expenses:	  	Borrower will be required to pay: the reasonable expenses of one outside counsel to Lender incurred in connection with the preparation and negotiation of the Loan documentation
(excluding any due diligence); the costs of recording/filing mortgages, UCC-1 financing statements and similar instruments; the cost of obtaining a Mortgagee Policy of Title Insurance for Lender (the same as specified in the SPA); and other
customary costs and expenses incurred by Lender in connection with the Loan (other than, in each case, expenses related to the purchase and sale of the Refinery and the Paulsboro Entities).

  
 Page 8 of 10

 EXHIBIT C 

Term Sheet for Paulsboro Loan 
  

			
	Opinion:	  	Borrower will provide a customary borrower’s counsel opinion from its outside counsel in connection with the Loan.
		
	Governing Law:	  	The Loan documents will be governed by the laws of the State of New York.

  
 Page 9 of 10

 EXHIBIT C 
 Term Sheet for Paulsboro Loan 
 Exhibit A 

Bank Facility Term Sheet 
 [See attached] 

  
 Page 10 of 10

 EXHIBIT A TO EXHIBIT C 

 

			
	CONFIDENTIAL	  	EXHIBIT A

 Transaction Description 
 All capitalized terms used herein but not defined herein shall have the meanings provided in the Commitment Letter (the “Commitment Letter”) relating to this Transaction Description. The
following transactions, including the Acquisition, are referred to herein as the “Transactions”. 
  

	1.	PBF Holding Company LLC, a limited liability company organized under the laws of the state of Delaware (“PBF” or the “Holdings”) and
owned by First Reserve Corporation (“First Reserve”), the Blackstone Group (“Blackstone”), Petroplus International B.V. (“Petroplus”) and certain of their respective affiliates (collectively, the
“Sponsor”), intends to acquire (the “Acquisition”) 100% of the outstanding equity interests of Paulsboro Refining Company LLC, a limited liability company organized under the laws of Delaware
(“Paulsboro”), the assets of which include, without limitation, the refinery located in Paulsboro, New Jersey, from Valero Refining and Marketing Company (the “Seller”) pursuant to a stock purchase agreement with
the Seller (together with all exhibits and schedules thereto, the “Acquisition Agreement”). 

  

	2.	In contemplation of the consummation of the Acquisition, the Sponsor will contribute cash equity to Holdings in an aggregate amount (the “Equity
Financing”) such that the Equity Financing is not less than 40% of the total pro forma capitalization of Holdings and its subsidiaries. 

  

	3.	The Borrowers (as defined below) will obtain (i) a new senior secured term loan facility in an aggregate principal amount of up to $75 million secured by a first
lien on all plant, property and equipment of Holdings’s wholly-owned subsidiary, Delaware City Refining Company LLC, a limited liability company organized under the laws of Delaware (“DCR”) and together with Paulsboro and
Holdings, the “Borrowers” and each individually a “Borrowers”) and a second lien on all plant, property and equipment of Paulsboro, and certain other collateral, and (ii) a new senior secured asset-based
revolving credit facility in an aggregate principal amount of up to $100 million, secured by a first lien on accounts receivable and inventory and other personal property related thereto of Paulsboro and DCR and certain other collateral, in each
case, on the terms set forth in Exhibit B to the Commitment Letter. 

  

	4.	Up to $180 million of the purchase price for the Acquisition will consist of a seller note provided by the Seller and/or its affiliates (the “Seller
Note”), which Seller Note will be secured by a first lien on all plant, property and equipment (including spare parts, precious metals catalysts and intellectual property rights required in connection with the operation of the Paulsboro
refinery) of Paulsboro, will mature no earlier than 364 days after the Closing Date (subject to customary acceleration events and to the right of Pauisboro to extend the maturity of the Seller Note by no more than 180 days) and will be otherwise on
substantially the terms and conditions set forth on Exhibit E hereto and as otherwise reasonably acceptable to the Agent (with such changes as are not adverse to the material interests of the Lenders, or as otherwise reasonably agreed upon by the
Agent). 

  

	5.	Costs and expenses incurred in connection with the foregoing transactions will be paid in an amount not to exceed an amount to be reasonably agreed.

 EXHIBIT A TO EXHIBIT C 

 

			
	CONFIDENTIAL	  	EXHIBIT B

 Senior Secured Facilities  
 Summary of Principal Terms and Conditions 
 All capitalized terms used herein but not
defined herein shall have the meanings provided in the Transaction Description relating to this Summary of Principal Terms and Conditions. 
  

			
	Borrowers:	  	 Term Loan Facility: Holdings, DCR, and Paulsboro
  

ABL Facility: Holdings, DCR, and Paulsboro.

		
	Administrative Agent:	  	UBS AG, Stamford Branch (in its capacity as Administrative Agent, the “Agent”).
		
	Collateral Agent:	  	UBS AG, Stamford Branch and Deutsche Bank Trust Company Americas (or an affiliate thereof), in their capacity as co-collateral agents, the “Collateral
Agent”).
		
	Lead Arranger and Book Manager:	  	Subject to the designation rights in the Commitment Letter, UBS Securities LLC.
		
	Syndication Agent:	  	Subject to the designation rights in the Commitment Letter UBS Securities LLC.
		
	Senior Secured Lenders:	  	A syndicate of financial institutions arranged by the Initial Lender and reasonably acceptable to the Borrowers (the “Lenders” or the “Senior Secured
Lenders”).
		
	Senior Secured Facilities:	  	(A) A Senior Term Loan Facility in an aggregate principal amount of $75 million (the “Term Loan Facility”).
		
		  	(B) A Senior Asset-Based Revolving Credit Facility in an aggregate principal amount of $100 million (the “ABL Facility” and, together with the Term Loan
Facility, the “Senior Secured Facilities”).
		
	Uncommitted Increase in the ABL Facility:	  	The Facilities Documentation will permit the Borrowers to increase commitments under the ABL Facility (any such increase, an “Incremental Facility”) in an
aggregate amount of up to $50 million; provided that: (i) no Lender will be required to participate in any such Incremental Facility; (ii) no event of default or default exists or would exist after giving effect thereto; (iii) the interest
rates applicable to any Incremental Facility and the Revolving Facility shall be the same; (iv) any Incremental Facility shall be on terms and pursuant to documentation

  
 B-1

 EXHIBIT A TO EXHIBIT C 

 

			
	 	  	 applicable to the ABL Facility; (v) the Agent shall have received audits and
appraisals related reasonably satisfactory to it with
respect to any new
collateral being added to the Borrowing Base in connection with such
Incremental Facility prior to it being included in the Borrowing Base, (vi) any
entity that is a direct or indirect Domestic Subsidiary (as defined
below) of the
Borrowers owning collateral to be added to the Borrowing Base shall become a
Borrower under the ABL Facility; and (vii) all representations and warranties
shall be true and correct in all material respects immediately prior
to, and after
giving effect to, the Incremental Facility.
  
 The
Facilities Documentation shall be amended to give effect to the
Incremental Facility by documentation executed by the Lender or Lenders
making the commitments thereunder, the Agent and the Borrowers, and
without the need for consent of any
other Lender.

		
	Purpose and Availability:	  	 (A) Term Loan Facility
  

The full amount of the Term Loan Facility must be drawn in a single drawing on or after the date (not to exceed ten (10) days) on which the Acquisition is
consummated (the “Closing Date”) and applied to consummate the Acquisition and the other Transactions as set forth in the Transaction Description. Amounts borrowed under the Term Loan Facility that are repaid or prepaid may not be
reborrowed.
  
 (B) ABL Facility

 
 The proceeds of loans under the ABL Facility and the Letters of Credit (as defined
below) issued thereunder shall be used by the Borrowers for working capital and general corporate purposes, including to provide credit support in respect of any commodity hedging agreement entered into consistent with prudent industry practice.
Loans under the ABL Facility will be available on and after the 30th day after the Closing Date (the “ABL Availability Date”) at any time before the final maturity of the ABL Facility, in minimum principal amounts to be agreed and
subject to the Borrowing Base described below. Amounts repaid under the ABL Facility may be reborrowed.
  
 “Borrowing Base” shall mean an amount equal to (A) the sum of (i) 85% of eligible accounts receivable (to be defined in a mutually acceptable and customary manner for the industry), (ii)
the lesser of (y) 80% of the eligible hydrocarbon inventory (to be defined in a mutually acceptable and customary manner for the industry) or (z) 85% of the net orderly liquidation value thereof; and (iii) 100% of cash in Deposit Accounts part of
the ABL Facility Collateral, minus (B) the sum of (i) Reserves (as defined below) and (ii) Hedging Reserves (as defined below).

  
 B-2

 EXHIBIT A TO EXHIBIT C 

 

			
		 	“Reserves” shall be determined by the Collateral Agent from time to time, acting reasonably and in good faith, pursuant to standards and practices generally
applied by the Collateral Agent (from the standpoint of an asset-based lender) to borrowing base debtors in the refining markets, and shall not limit availability on the Borrowing Base on account of conditions or circumstances already addressed in
the eligibility criteria for the assets in the Borrowing Base and/or otherwise result in a duplicative adverse impact on availability under the Borrowing Base and shall not include Hedging Reserves. Once the Reserves have been so determined by the
Collateral Agent, the Reserves will not be changed in a manner adverse to the Borrowers except to address circumstances, conditions, events or contingencies underlying the determination of the Reserves that adversely impact the value of the
Borrowing Base, and then only in a manner and to an extent that bears a reasonable relationship to changes in circumstances, conditions, events or contingencies; provided that circumstances, conditions, events or contingencies arising prior to the
Closing Date of which the Collateral Agent has actual knowledge prior to the Closing Date shall not be the basis for any establishment or modification of any Reserve unless such circumstances, conditions, events or contingencies shall have changed
since the Closing Date.
		
		 	As used herein, “Availability” shall mean the lesser of (i) the then current aggregate commitments of the Lenders under the ABL Facility and (ii) the
Borrowing Base.
		
		 	“Excess Availability” shall mean, at any time, an amount equal to (A)(i) the then effective Availability, minus (ii) the aggregate Loans and participations
in Letters of Credit and Swingline Loans then outstanding under the ABL Facility, plus (B) the Suppressed Availability.
		
		 	“Suppressed Availability” equals the amount by which the Borrowing Base exceeds the aggregate commitments of the Lenders under the ABL Facility.
		
		 	The Borrowing Base shall be computed on a monthly basis pursuant to a borrowing base certificate to be delivered by the Borrowers to the Agent and Collateral Agent within 20 days
after the last day of each month, provided that any time the Excess Availability under the ABL Facility is less than 20.00% of the then existing Availability under the ABL Facility (the “Threshold Amount”) for a period in excess of
three (3) continuing business days, the Borrower shall provide weekly Borrowing Bases until Excess Availability shall have exceeded the Threshold Amount for at least ten (10) consecutive business days.

  
 B-3

 EXHIBIT A TO EXHIBIT C 

 

			
		  	In order to qualify as “eligible receivables” for purposes of the Borrowing Base, receivables owed by Valero Energy Corporation as a purchaser of asphalt or other
inventory will be required to be subject to customary and appropriate waiver of offset rights arrangements in respect of obligations owed under the Seller Note or the Acquisition Agreement.
		
		  	Notwithstanding anything to the contrary in the Commitment Letter, this Term Sheet or the Fee Letter, receivables payable by Morgan Stanley Capital Group Inc.
(“MSCG”) on account of crude and other hydrocarbons inventory sold to the Credit Parties by Statoil Marketing & Trading (US) Inc., MSCG and/or their affiliates (the “MSCG Asset”) will not be given credit
for purposes of the Borrowing Base unless and to the extent actually paid in cash to a Deposit Account of the Credit Parties, and shall not be part of the Collateral except to the extent so paid in cash.
		
		  	Any ABL collateral will only be included in the Borrowing Base once the Agent has performed a field exam and inventory appraisal reasonably satisfactory to it and the ABL Lenders
as set forth in paragraph 6 of Exhibit D.
		
		  	The entire ABL Facility shall be available for the issuance of letters of credit (the “Letters of Credit”) by Lenders to be agreed upon (in such capacity, the
“Issuing Lender”). No Letter of Credit shall have an expiration date after the earlier of (i) one year (or such longer period as the Issuing Lender may agree) after the date of issuance and (ii) five business days prior to
the Revolving Termination Date (as defined below), provided that any Letter of Credit with a one-year tenor may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in
clause (ii) above).
		
		  	Drawings under any Letter of Credit shall be reimbursed by the Borrowers (whether with their own funds or with the proceeds of the revolving loans), on the same business day if
the relevant drawing occurred on or prior to 11:00a.m. on such business day, or otherwise on the next business day. To the extent that Borrowers do not so reimburse the Issuing Lender within the terms set forth in the prior sentence, the Lenders
under the ABL Facility shall be irrevocably and unconditionally obligated to reimburse the Issuing Lender on a pro rata basis.
		
		  	A portion of the ABL Facility not in excess of an amount to be agreed upon shall be available for swingline loans (the

  
 B-4

 EXHIBIT A TO EXHIBIT C 

 

			
		  	“Swingline Loans”) from one or more Lenders to be agreed upon (in such capacity, the “Swingline Lender”) on same-day notice. Any such Swingline
Loans will reduce availability under the ABL Facility on a dollar-for-dollar basis. Each Lender under the ABL Facility shall acquire, under certain circumstances, an irrevocable and unconditional pro rata participation in each
Swingline Loan.
		
	Final Maturity and Amortization:	  	 (A) Term Loan Facility
  

The Term Loan Facility will have a bullet maturity on the date that is four years after the Closing Date (the “Term Loan Maturity Date”).
The Term Loan Facility will amortize in equal quarterly installments in an aggregate amount equal to (x) 1% of the original principal amount of the Term Loan Facility in the first through third years of the Term Loan Facility, and (y) 10% of the
original principal amount of the Term Loan Facility during the fourth year of the Term Loan Facility, with the balance payable on the Term Loan Maturity Date.
  

(B) ABL Facility
  
 The ABL Facility will mature on the date that is three years after the Closing Date (the “Revolving Termination Date”).

		
	Interest Rates and Fees:	  	As set forth on Annex I hereto and in the Fee Letter.
		
	Guarantors:	  	 Each Borrower will guarantee all obligations of the other Borrowers. PBF Energy Company LLC (“Parent”) will provide
a limited recourse guarantee solely to the extent necessary to support the pledge of the equity of Holdings for the benefit of the Collateral Agent and the Senior Secured Lenders. Holdings, and each of Holdings’s direct and indirect material
wholly-owned subsidiaries organized under the laws of the United States, any state thereof or the District of Columbia (other than Excluded Subsidiaries (as defined below), each a “Domestic Subsidiary”), including without
limitation, PBF Power Marketing, LLC (“PBF Power Marketing”) and Delaware Pipeline Company LLC (“Delaware Pipeline”) shall unconditionally guarantee, on a joint and several basis, all obligations of the Borrowers
under the Senior Secured Facilities and under each interest rate protection agreement, commodity hedging agreement and cash management agreement entered into with a person that at such time is a Lender or an affiliate of a Lender, in each case to
the extent permitted by applicable law, regulation and contractual provision.
  

  
 B-5

 EXHIBIT A TO EXHIBIT C 

 

			
		  	 At the election of the Borrowers, Subsidiaries that are formed or acquired after the Closing Date may be excluded from becoming
guarantors of the obligations under the Senior Secured Facilities and providing liens on their assets in respect thereof, and or otherwise become “Guarantors” and “Credit Parties”. Such excluded subsidiaries are referred to as
“Excluded Subsidiaries.” For the avoidance of doubt, any assets of any such Excluded Subsidiaries shall not be “Collateral” and shall not given credit for purposes of the Borrowing Base.

 
 Each guarantor of any of the Senior Secured Facilities is herein referred to as a
“Guarantor” and its guarantee is referred to herein as a “Guarantee”. The Borrowers and the Guarantors (other than the Parent) are herein referred to collectively as the “Credit
Parties”.

		
	Collateral / Priority:	  	 The Term Loan Facility and the Guarantees of the Term Loan Facility will be secured by (collectively, the “Term Loan
Collateral”):
  

(i)      a first priority lien on all of the plant, property and equipment owned by
DCR;
  

(ii)     a second priority lien on all deposit accounts (other than petty-cash accounts,
zero-balance accounts, trust accounts and/or payroll accounts) (the “Deposit Accounts”) accounts receivable and hydrocarbon inventory and related instruments, letters of credit, letter of credit rights, credit support, insurance,
chattel paper, documents, supporting obligations, related payment intangibles, cash, other related rights, claims, causes of action, books and records, accounting systems and other similar personal property (the “Related Personal
Property”) (which, Related Personal Property, for the avoidance of doubt, does not include in any event plant, property and equipment and Intermediate Products) owned by Paulsboro and DCR (and for the avoidance of doubt not including the
MSCG Asset);
  
 “Intermediate Products” means
hydrocarbons intermediate products and blendstocks.
  
 (iii)   a second priority lien on the plant, property and equipment (including spare parts, precious metals catalysts and intellectual property rights required in connection with the
operation of the Paulsboro refinery) owned by Paulsboro;
  
 (iv)    a first priority pledge of the equity in the Borrowers and in Domestic Subsidiaries owned by the Borrowers or any Guarantor (other than Paulsboro);

  
 B-6

 EXHIBIT A TO EXHIBIT C 

 

			
		 	 (v)     a first priority lien on substantially all assets (subject to customary exceptions) of
Holdings (other than the equity of Paulsboro) and the other Guarantors (other than DCR and Paulsboro), including, without limitation, PBF Power Marketing and Delaware Pipeline; and

		
		 	 (vi)    a second priority pledge of the equity in Paulsboro.

		
		 	The ABL Facility and the Guarantees of the ABL Facility will be secured by (collectively, the “ABL Collateral”):
		
		 	 (i)      a first priority lien on all Deposit Accounts, accounts receivable and hydrocarbon
inventory and Related Personal Property owned by Paulsboro and DCR;

		
		 	 (ii)     a second priority lien on all of the plant, property and equipment owned by
DCR;

		
		 	 (iii)   a third priority lien on the plant, property and equipment (including spare parts, precious metals
catalysts and intellectual property rights required in connection with the operation of the Paulsboro refinery) owned by Paulsboro;

		
		 	 (iv)    a second priority pledge of the equity in the Borrowers and in Domestic Subsidiaries of the
Borrowers owned by any Borrower or any Guarantor (other than Paulsboro)

		
		 	 (v)     a third priority pledge of the equity in Paulsboro; and

		
		 	 (vi)    a second priority lien on substantially all assets of Holdings (other than the equity of
Paulsboro) and the other Guarantors (other than DCR and Paulsboro), including, without limitation, PBF Power Marketing and Delaware Pipeline.

		
		 	Obligations with respect to interest rate hedges and commodity hedging agreements entered into with a person that at such time was a Lender or an affiliate of a Lender shall be
secured by a lien on the ABL Collateral pari passu with the lien of the lenders under the ABL Facility; provided, that the obligations in respect of such interest rate hedges and commodity hedging agreements are subject to Hedging
Reserves against the Borrowing Base. To the extent that obligations in respect of interest rate hedges and commodity hedging agreements entered into with a Lender or an affiliate of a Lender exceed Hedging Reserves against the Borrowing Base (such
excess, the “Last-Out Portion”), the full amount of the Last-Out Portion shall be secured by the ABL

  
 B-7

 EXHIBIT A TO EXHIBIT C 

 

			
		 	Collateral, but shall be “last out” in the “waterfall”. A Lender or an affiliate of a Lender which enters into an interest rate hedge or commodity hedging
agreement shall notify the Agent and Collateral Agent prior to entering into it. Collateral Agent, in consultation with such notifying Lender or affiliate of a Lender, shall determine reasonably and in good faith from the perspective of an
asset-based lender an appropriate reserve against the Borrowing Base with respect to the exposures of the Credit Parties in respect of such interest rate hedge or commodity hedging agreement (each such reserve, a “Hedging Reserve”
and, collectively, the “Hedging Reserves”). The maximum amount of (i) obligations with respect to interest rate hedges and commodity hedging agreements entered into with a Lender or an affiliate of a Lender that are secured by a
lien on the ABL Collateral that is pari passu with the lien of the Lenders under the ABL Facility therein, and (ii) Hedging Reserves shall in each case set forth in (i) and (ii) above in no event exceed $20,000,000.
		
		 	The Collateral Agent shall be entitled to exercise cash dominion over funds held in the Deposit Accounts at any time when an Event of Default has occurred and is continuing, or
Excess Availability under the ABL Facility is less than the Threshold Amount for a period in excess of five continuing business days, which cash dominion exercise shall continue until such Event of Default has been cured or waived and/or Excess
Availability under the ABL Facility shall have exceeded the Threshold Amount for thirty (30) consecutive days. For the avoidance of doubt, there will be no cash sweep, “closed lock-box” or other similar cash dominion or cash
management feature for the benefit of the Lenders except during such periods as described in this paragraph.
		
		 	Notwithstanding the foregoing, neither the Borrowers nor any Guarantor shall be required to create or perfect a security interest in any of the foregoing property to the extent
prohibited by contractual provisions (other than the Seller Note or the DEDA (Delaware) Industrial Revenue Bonds) or applicable legal provisions, to the extent such property consists of motor vehicles or leasehold mortgages, or in the case of any
properties and assets as to which the Collateral Agent determines in its reasonable discretion that the costs of obtaining such security interest are excessive in relation to the value of the security to be afforded thereby (all such non-excluded
property, the “Collateral”).
		
		 	All the above-described pledges, security interests and mortgages shall be created on terms, and pursuant to documentation consistent with Sponsor Precedent and
otherwise

  
 B-8

 EXHIBIT A TO EXHIBIT C 

 

			
		  	 reasonably satisfactory to the Collateral Agent, and none of the Collateral shall be subject to any other pledges, security interests
or mortgages (except permitted liens, including liens disclosed in the Acquisition Agreement and the schedules thereto that are of a nature that would be customary to remain in place after consummation of the Acquisition), and subject to exceptions
consistent with Sponsor Precedent or as otherwise agreed upon.
  
 All
obligations of the Borrowers under each interest rate protection agreement and cash management agreement entered into with a Lender or any affiliate of a Lender will be secured pari passu (subject to customary contractual priority of payments
waterfall terms) by a first priority lien on all and the same assets on which Lenders under the Term Loan Facility or ABL Facility received a first priority lien.
  

To the extent this section “Collateral” provides that the Term Loan Facility and/or the ABL Facility will be secured by a lien on assets of
Paulsboro other than a first priority lien on assets of Paulsboro, the Term Loan Facility will be subordinated both as to right of payment and as to priority of liens to that extent, and the ABL Facility will be subordinated as to priority of liens
to that extent.

		
	Facilities Documentation:	  	For the purposes hereof, each reference to “Sponsor Precedent” shall mean documentation for similar financings or transactions with the Sponsor or its affiliates which
have occurred in the last 18 months, and in any event credit documentation customary and appropriate for Borrowers in the refining markets as reasonably agreed upon by the parties which shall in any event reflect the operational and strategic
requirements of the Borrowers and their subsidiaries in light of their size, industries, practices and proposed business plan agreed to reasonably and in good faith. The Facilities Documentation for the Facility shall contain only those payments,
conditions to borrowing, mandatory prepayments, representations, warranties, covenants and events of default expressly set forth in this Exhibit B, in each case, applicable to the Borrowers and their subsidiaries (other than Excluded Subsidiaries)
and with standards, qualifications, thresholds, exceptions, “baskets” and grace and cure periods agreed to reasonably and in good faith consistent with the Sponsor Precedent as applied to transactions of this kind.
		
	Optional Prepayments and Reductions in Commitments:	  	Optional prepayments of borrowings under the Senior Secured Facilities, and optional reductions of the unutilized portion of the ABL Facility commitments, will be permitted at
any time, in minimum principal amounts to be agreed, without premium or penalty, subject to reimbursement of the Lenders’ redeploymentcosts in the case of a prepayment of LIBOR borrowings other than on the last day of the relevant interest
period.

  
 B-9

 EXHIBIT A TO EXHIBIT C 

 

			
		
	Mandatory Prepayments:	  	 Loans under the Term Loan Facility shall be prepaid with (a) 100% of the net cash proceeds of all non-ordinary course asset sales or
other dispositions of property by the Borrowers and their subsidiaries (including casualty insurance and condemnation proceeds), subject to the right of the Borrowers to reinvest (or commit to be reinvested) within 12 months and, if so committed to
be reinvested, reinvested within 180 days thereafter, and subject to certain exceptions to be agreed; (b) 100% of the net cash proceeds of issuances of debt obligations of each of the Borrowers and its subsidiaries (other than any debt permitted to
be incurred under the definitive loan documentation) and (c) 100% of the net cash proceeds of an initial public offering in excess of an amount to be agreed upon.
  

Loans under the ABL Facility shall be prepaid ratably (i) at any time the total outstandings exceed the lesser of (a) the then effective Borrowing Base
and (b) the aggregate commitments under the ABL Facility in an aggregate amount necessary to eliminate such excess, and (ii) subsequent to the sale or disposition of any assets in the Borrowing Base outside the ordinary course of business and
subject to such exceptions to be agreed upon.

		
	Application of Prepayments:	  	 All mandatory prepayments of the Term Loan Facility shall be applied thereto ratably among the Lenders thereunder, and to the
installments thereof as follows: first, in direct order of maturity of the remaining installments of the Term Loan Facility for 18 months following the relevant prepayment event, and second, ratably to the remaining installments of the Term Loan
Facility. All prepayments of the ABL Facility shall be applied thereto ratably among the Lenders thereunder. All optional prepayments applicable to the Term Loan Facility shall be applied to the remaining amortization payments thereunder as elected
by the Borrowers. Amounts prepaid in respect of the term loans under the Term Loan Facility may not be reborrowed.
  
 At the option of the Borrowers, each Lender under the Term Loan Facility shall have the right to decline any mandatory prepayment of its Loans under the Term Loan Facility, in which case the amount of
such prepayment shall be retained by the Borrowers.

  
 B-10

 EXHIBIT A TO EXHIBIT C 

 

			
		
	Representations and Warranties:	  	Usual for facilities and transactions of this type and consistent with Sponsor Precedent (including as to materiality thresholds) and limited to the following:
		
		  	 1.       Corporate existence, power and authority.

		
		  	 2.       Execution, delivery, and performance of the Facilities Documentation do not violate
law, organizational documents or other agreements or contractual obligations.

		
		  	 3.       Possession of all necessary material consents, approvals (including government
approvals), licenses and permits.

		
		  	 4.       Absence of material litigation.

		
		  	 5.       No material adverse change (to be defined in a manner consistent with the Acquisition
Agreement as relevant to the making of such representation on the Closing Date, and to be reasonably agreed upon as to subsequent bring-downs) since December 31, 2009.

		
		  	 6.       Accuracy of financial statements and other information.

		
		  	 7.       Material compliance with laws and regulations, including compliance with
environmental laws and margin regulations.

		
		  	 8.       Legality, validity, binding effect and enforceability of the Facilities
Documentation.

		
		  	 9.       Inapplicability of the Investment Company Act.

		
		  	 10.     Ownership, title or other rights to property (including intellectual
property).

		
		  	 11.     Solvency on a consolidated basis.

		
		  	 12.     Payment of taxes.

		
		  	 13.     Creation, validity, priority and perfection of security interests in
Collateral.

		
		  	 14.     Use of proceeds.

		
		  	 15.     ERISA.

		
		  	 16.     Environmental matters.

		
		  	 17.     Patriot Act.

  
 B-11

 EXHIBIT A TO EXHIBIT C 

 

			
	 Conditions Precedent to Initial Borrowing:
	  	Limited to those specified in the Commitment Letter and the Summary of Additional Conditions Precedent as described in Exhibit D.
		
	Conditions Precedent to Each Borrowing:	  	Conditions precedent to each borrowing or issuance under the Senior Secured Facilities (other than on the Closing Date) will be (i) the absence of any continuing default or event
of default and (ii) the accuracy in all material respects of all representations and warranties and (iii) compliance with the Borrowing Base after giving effect to such borrowing or issuance.
		
	Affirmative Covenants:	  	Limited to the following affirmative covenants (to be applicable to Holdings and its subsidiaries) consistent with Sponsor Precedent (including as to materiality
thresholds):
		
		  	 1.       Preservation of corporate existence and material rights and
privileges.

		
		  	 2.       Material compliance with laws (including environmental laws and
ERISA).

		
		  	 3.       Payment of taxes.

		
		  	 4.       Payment and/or performance of obligations.

		
		  	 5.       Delivery of financial information, including annual budgets, audited annual
consolidated financial statements and unaudited monthly internal consolidated financial statements (prepared in accordance with generally accepted accounting principles and practices then in effect in the United States
(“GAAP”).

		
		  	 6.       Delivery of monthly (or if Excess Availability is below the Threshold Amount,
weekly) borrowing base certificates and performance by the Agent (or a third party reasonably acceptable to the Agent) of no more than three commercial field exams and inventory appraisals annually; provided that such limitations shall not apply
during the continuance of an Event of Default.

		
		  	 7.       Other customary reporting requirements (including information reasonably requested
by Lenders through the Agent) and notices of default and litigation and other material events.

		
		  	 8.       Visitation and inspection rights.

  
 B-12

 EXHIBIT A TO EXHIBIT C 

 

			
	 	  	9.       Maintenance of books and records.
		
		  	 10.     Maintenance of properties.

		
		  	 11.     Maintenance of insurance.

		
		  	 12.     Use of proceeds.

		
		  	 13.     Further assurances.

		
		  	 14.     Preservation of existence and continuance of the Morgan Stanley Off-Take Agreements and
Statoil Oil Supply Agreement, in each case, as replaced, superseded, amended (including as to changes of counterparties), modified or supplemented from time to time, in a manner as is not reasonably be expected to result in a material adverse
effect.

		
	Negative Covenants:	  	Limited to the following negative covenants (to be applicable to Holdings and its subsidiaries) and consistent with Sponsor Precedent (including as to materiality thresholds,
exceptions, qualifications and, as appropriate, applicability of the Threshold Amount and “baskets”):
		
		  	 1.       Limitations on liens (which shall permit the liens resulting from, or permitted
by, agreements described in the conditions precedent clause #9 on Exhibit D (collectively, the “Intercreditor Agreements”), and liens on assets of, and equity issued by, Excluded Subsidiaries, liens on cash and cash equivalents
securing obligations under commodity hedging agreements with any person, liens in respect of Refinancing Indebtedness and any commodity hedging agreement described in the second paragraph of clause 2. below, liens on the Intermediate Products, and,
for the avoidance of doubt, liens on the MSCG Assets).

		
		  	 2.       Limitations on incurrence of debt (which shall permit the incurrence of unsecured
indebtedness and indebtedness ranking junior to the Senior Secured Facilities and maturing outside the Senior Secured Facilities subject to pro forma compliance with a 2.00:1.00 interest coverage test, indebtedness of Excluded Subsidiaries,
indebtedness resulting from an unsecured guarantee provided by Holdings in respect of the obligations under the Seller Note, and other exceptions to be agreed upon).

		
		  	 The Intercreditor Agreements will allow for the

  
 B-13

 EXHIBIT A TO EXHIBIT C 

 

			
		 	 refinancing of the Term Loan Facility and the Seller Note with other indebtedness subject to customary provisions with respect to refinancing
indebtedness (the “Refinancing Indebtedness”), and any liens in respect of the Term Loan Facility on the Term Loan Collateral and the Seller Note on the collateral therefor shall be permitted to secure (x) such Refinancing
Indebtedness and (y) commodity hedging arrangements that are permitted pursuant to the terms of such Refinancing Indebtedness to be secured on a pari passu basis with such Refinancing Indebtedness, in each case, on the same basis and with the
same priority vis-à-vis the ABL Collateral as is set forth herein.

		
		 	 3.       Limitations on loans, guarantees and investments (other than acquisitions and
other investments from the proceeds of equity issuances and other investments to be agreed, and to allow for, among others, investments that as of the time made, do not exceed the sum of (x) $10,000,000 plus (y) the Available Amount
Basket, subject to (i) the Pro Forma Excess Availability being greater than the Threshold Amount (ii) the absence of a default or Event of Default and (iii) pro forma compliance with the Springing Financial Covenant. For the avoidance
of doubt, loans, guarantees and investments made by a Credit Party in, or for the benefit of, an Excluded Subsidiary shall be subject to this negative covenant (and permitted to the extent of the relevant carve-outs) (and loans, guarantees and other
investments made by an Excluded Subsidiary shall not be subject to this negative covenant).

		
		 	 “Available Amount Basket” means a cumulative amount equal to the sum (without duplication) of (x)(i) 50% of consolidated net income of
Holdings and its subsidiaries for the relevant period of determination, plus (ii) the proceeds of public or private equity issuances of Holdings, (iii) capital contributions to Holdings, plus (iv) permitted unsecured debt issued after
the Closing Date, plus (v) disqualified stock (defined consistent with Sponsor Precedent) issued after the Closing Date that has been exchanged or converted into equity, together with the fair value of any property received upon such exchange
or conversion, plus (vi) the net proceeds of sales of investments made under the Available Amount Basket, plus (vii) returns, profits, distributions and similar amounts received on investments made under the Available Amount Basket (up to
the amount of the original investment), plus (viii)

  
 B-14

 EXHIBIT A TO EXHIBIT C 

 

			
		 	 the investments of Holdings and its subsidiaries in any Excluded Subsidiary that has been re-designated as a Guarantor or that has been merged or
consolidated into Holdings or any of subsidiaries (other than an Excluded Subsidiary) that is a Guarantor or the fair market value of the assets of any Excluded Subsidiary that have been transferred to Holdings or any of its subsidiaries (other than
an Excluded Subsidiary) that is a Guarantor, in the case of each of the foregoing clauses to the extent not otherwise applied to consummate investments, dividends and other restricted payments and junior debt repayments, minus (y) 100% of
consolidated net losses of Holdings and its subsidiaries for the relevant period of determination.

		
		 	 “Pro Forma Excess Availability” means, for any date of determination, the average Excess Availability for 90 days prior to, and including,
such date, after giving effect to the transactions occurring on such date, based on assumptions and calculations reasonably acceptable to the Agent; it being agreed that, for purposes of calculating Pro Forma Excess Availability, unless the Agent
shall otherwise agree in its reasonable discretion, no inventory or accounts to be acquired in an investment otherwise permitted hereunder shall be included in the Borrowing Base until the Agent shall have completed a preliminary field audit and
inventory appraisal in scope and with results reasonably satisfactory to it to be acquired in such investment.

		
		 	 4.       Limitations on dividends (or other distributions), redemptions and repurchases with
respect to capital stock or other equity interests (other than dividends and payments with the proceeds of equity issuances and other restricted payments to be agreed, to include, among others, any such dividends, distributions, redemptions or
repurchases that, as of the time made, do not exceed the sum of (x) $10,000,000 plus (y) the Available Amount Basket, subject to (i) the Pro Forma Excess Availability being greater than the Threshold Amount (ii) the absence of a
default or Event of Default and (iii) pro forma compliance with the Springing Financial Covenant).

		
		 	 5.       Limitations on redemptions and repurchases of subordinated debt (other than
(x) prepayments from the proceeds of equity issuances and (y) other prepayments to be agreed, and to include, among others, redemptions or repurchases that, as of the time

  
 B-15

 EXHIBIT A TO EXHIBIT C 

 

			
		 	 made, do not exceed the sum of (x) $10,000,000 plus (y) the Available Amount Basket, subject to (i) the Pro Forma Excess Availability being greater
than the Threshold Amount (ii) the absence of a default or Event of Default and (iii) pro forma compliance with the Springing Financial Covenant).

		
		 	 6.       At any time when Excess Availability under the ABL Facility is less than the
Threshold Amount at such time, limitations on asset dispositions and sale/leaseback transactions (other than certain transactions to be agreed).

		
		 	 7.       Prohibitions on the sale of all or substantially all of the assets of the DCR
Facility or the Paulsboro Facility (and to include in respect of the DCR Facility a prohibition on the sale of (x) the refinery, and/or (y) of the terminal assets in excess of $5,000,000 per fiscal year, with net cash proceeds from the
sale of terminal assets being subject to reinvestment rights in assets used or usable in the business of the Credit Parties within 365 days after receipt thereof).

		
		 	 8.       Limitations on mergers, consolidations, liquidations and
dissolutions.

		
		 	 9.       Limitations on transactions with affiliates.

		
		 	 10.     Limitations on changes in business conducted by the Borrowers and their
subsidiaries.

		
		 	 11.     Limitations on amendment of (a) subordinated debt instruments, (b) organizational
documents and (c) the Seller Note (it being agreed that changes that are not adverse to the material interests of the Lenders in their capacity as such shall not be limited).

		
		 	 12.     Limitations on restrictions on liens and on distributions from subsidiaries, including from any
subsidiary to Holdings (other than an Excluded Subsidiary), which limitations on restrictions will allow in any event for payments and distributions blockages upon the existence of a payment event of default under the Seller
Note.

		
		 	The Facilities Documentation will permit the Borrowers and their subsidiaries to make acquisitions and to incur and/or assume indebtedness in connection with such acquisitions, as
long as (a) before and after giving effect thereto, there is no default or event of default, (b) Excess Availability under the

  
 B-16

 EXHIBIT A TO EXHIBIT C 

 

			
		  	ABL Facility is greater than the Threshold Amount, (c) the acquired company is in a similar or related line of business as the Borrowers and their subsidiaries and (d) the
acquired company and its domestic subsidiaries (other than Excluded Subsidiaries) will become Guarantors.
		
	Springing Financial Covenant:	  	From and after the ABL Availability Date, if Excess Availability under the ABL Facility is less than the Threshold Amount at any time, and unless the Excess Availability shall
subsequently have exceeded the Threshold Amount for a period in excess of 12 consecutive days, a minimum fixed charge coverage ratio (to be defined in a manner consistent with Sponsor Precedent and otherwise to be mutually agreed) of 1.10 to 1.00
(the “Springing Financial Covenant”) will apply and be tested as of the end of each fiscal quarter.
		
		  	For purposes of determining compliance with the Springing Financial Covenant, or with any applicable tests set forth in the negative covenants, EBITDA and net income of any
Excluded Subsidiary will be excluded except to the extent actually distributed in cash to a Credit Party.
		
	Equity Cure:	  	For purposes of determining compliance with the Springing Financial Covenant, any equity contribution (which equity shall be common equity or other equity on terms and conditions
reasonably acceptable to the Agent) made, directly or indirectly, to Holdings by any of its parent companies or any of the Sponsors after the Closing Date and on or prior to the day that is 5 days after the day on which financial statements are
required to be delivered for a fiscal quarter (the “Last Cure Date”) will, at the request of Holdings, be included in the calculation of EBITDA and (to the extent applied in prepayment of any Facility following the last day of the
relevant quarter and on or prior to the Last Cure Date) deducted when calculating net indebtedness for the purposes of determining compliance with the Springing Financial Covenant at the end of such fiscal quarter and applicable subsequent periods
(any such equity contribution so included in the calculation of EBITDA, a “Specified Equity Contribution”), provided that (i) in each four fiscal quarter period, there shall be at least two fiscal quarters in which no Specified
Equity Contribution is made, and (ii) the amount of any Specified Equity Contribution shall be no greater than 120% of the amount required to cause Holdings and its subsidiaries to be in compliance with the Springing Financial
Covenant.
		
	Events of Default:	  	Limited to the following events of default consistent with Sponsor Precedent (including with respect to materiality thresholds and grace periods):

  
 B-17

 EXHIBIT A TO EXHIBIT C 

 

			
		  	 1.       Failure to pay principal, interest, fees or any other amount when
due.

		
		  	 2.       Representations or warranties materially incorrect when
given.

		
		  	 3.       Failure to comply with covenants (with notice and cure periods as
applicable).

		
		  	 4.       Cross-default and cross-acceleration to debt aggregating an amount to be agreed
(including payment cross-default and cross-acceleration to the Seller Note and the Delaware Industrial Revenue Bonds).

		
		  	 5.       Unsatisfied judgment or order in excess of an amount to be agreed individually or
in the aggregate.

		
		  	 6.       Bankruptcy or insolvency.

		
		  	 7.       ERISA events.

		
		  	 8.       Change of control.

		
		  	 9.       Actual or asserted (in writing) invalidity of any material portion of the
Collateral or Guarantee or collateral document.

		
	Voting:	  	Amendments and waivers of the Facilities Documentation will require the approval of Lenders holding more than 50% of the aggregate amount of the loans and commitments under the
Senior Secured Facilities, except that the consent of each adversely affected Lender shall be required with respect to, among other things, (i) increases in commitments, (ii) reductions of principal, interest or fees, (iii) extensions of final
maturity and (iv) releases of all or substantially all of the Collateral (other than in connection with any sale or financing of Collateral permitted by the Facilities Documentation). The consent of Lenders holding 66 2/3% of the commitments under
the ABL Facility shall be required for amendments to the ABL Facility with respect to advance rates, reserves and eligibility criteria which increase availability under the Borrowing Base.
		
		  	The Facilities Documentation shall include customary “yank-a-bank” provisions relating to non-consenting Lenders.
		
	Assignment and Participation:	  	Subject to such assignments not resulting in increased costs for the Borrowers, the Lenders will have the right to assign loans and commitments to their affiliates and to other
Lenders or to

  
 B-18

 EXHIBIT A TO EXHIBIT C 

 

			
		  	any Federal Reserve Bank without restriction or to other financial institutions, with the consent, not to be unreasonably withheld or delayed, of the Agent (and, in the case of
any assignment of the ABL Facility, the Issuing Lender) and, so long as no payment or bankruptcy event of default shall have occurred and be continuing, the Borrowers. Minimum aggregate assignment level (except to other Lenders) of (i) $5.0 million
and increments of $1.0 million in excess thereof will apply to assignments of loans and commitments under the ABL Facility and (ii) $1.0 million and increments of $1.0 million in excess thereof will apply to assignment of loans and commitments under
the Term Loan Facility. The Sponsor and/or its affiliates will each be “eligible assignee” for purposes of assignments of loans under the Term Loan Facility and Term Loan Facility commitments, subject to customary limitations in connection
with voting rights and maximum amounts of loans to be assigned to be mutually agreed upon consistent with Sponsor Precedent.
		
		  	Each Lender will have the right to sell participations in its rights and obligations under the Facilities Documentation, subject to customary restrictions on the
participants’ voting rights and to such transactions not resulting in increased costs for the Borrowers.
		
	Yield Protection, Taxes and Other Deductions, Etc.:	  	The Facilities Documentation will contain yield protection provisions, consistent with Sponsor Precedent, protecting the Lenders in the event of unavailability of funding,
funding losses, reserve and capital adequacy requirements. The Facilities Documentation will also contain customary provisions regarding the Patriot Act.
		
		  	All payments to be free and clear of any present or future taxes, withholdings or other deductions whatsoever (subject to customary exceptions). The Lenders will use reasonable
efforts to minimize any applicable taxes and the Borrowers will, as applicable, indemnify the Lenders and the Agent for such taxes paid by the Lenders or the Agent.
		
	Expenses and indemnification:	  	Customary provisions regarding expense reimbursement and indemnification by the Borrowers.
		
	Governing Law and Forum:	  	New York.
		
	Counsel to Administrative Agent	  	Winston & Strawn LLP.
		
	Collateral Agent:	  	

  
 B-19

 EXHIBIT A TO EXHIBIT C 

ANNEX I 
 to Exhibit
B 
  

			
		  	 Senior Secured Facilities

Interest Rates and Fees

		
	Interest Rates:	  	The Borrowers will be entitled to make borrowings based on ABR plus the Applicable Margin or LIBOR plus the Applicable Margin. The “Applicable Margin” shall be
(i) with respect to the Term Loan Facility, for (x) LIBOR Loans, 7,00% per annum and (y) ABR Loans, 6.00% per annum and (ii) with respect to the ABL Facility, initially for (x) LIBOR Loans, 2.75% to 3.25% per
annum and (y) ABR Loans, 1.75% to 2.25% per annum, based on an Excess Availability pricing grid to be mutually agreed.
		
		  	The Borrowers may elect interest periods of 1, 2, 3 or 6 months (or if available to all Lenders, 9 or 12 months) for LIBOR borrowings.
		
		  	Calculation of interest shall be on the basis of actual days elapsed in a year of 360 days (or 365 or 366 days, as the case may be, in the case of ABR loans).
		
		  	Interest will be payable in arrears (i) for loans accruing interest at a rate based on LIBOR, at the end of each interest period (or every 90 days in arrears for interest periods
greater than 90 days) and on the applicable maturity date and (ii) for loans accruing interest based on the ABR, quarterly in arrears and on the applicable maturity date.
		
		  	“ABR” means the higher of (i) the rate that the Agent announces from time to time as its prime or base commercial lending rate, as in effect from time to time,
and (ii) the Federal Funds Effective Rate plus 1/2 of 1.00%, and (iii) one-month LIBOR plus 1.00%.
		
		  	LIBOR will at all times include statutory reserves and, with respect to the Term Loan Facility, shall be at all times no less than 2.00%.
		
		  	Original issue discount on Term Loan Facility of up to 2.00%.
		
	Default Rate:	  	The applicable interest rate plus 2.00% per annum on amounts overdue, payable upon demand.

  
 B-I-1

 EXHIBIT A TO EXHIBIT C 

 

			
	Commitment Fees:	  	A per annum commitment fee on the undrawn portion of the commitments in respect of the ABL Facility shall accrue from the Closing Date at a rate per
annum equal to 0.50% if usage is greater than or equal to 50% and 0.625% if usage is less than 50%, payable quarterly in arrears.
		
	Letter of Credit Fees:	  	The Borrowers shall pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to LIBOR Loans
under the ABL Facility on the face amount of each such Letter of Credit. Such fee shall be shared ratably among the Lenders participating in the ABL Facility and shall be payable quarterly in arrears.
		
		  	A fronting fee not to exceed 0.25% on the face amount of each Letter of Credit shall be payable quarterly in arrears to the Issuing Lender for its own account. In addition,
customary administrative, issuance, amendment, payment and negotiation charges shall be payable to the Issuing Lender for its own account.

  
 B-I-2

 EXHIBIT A TO EXHIBIT C 

 

			
	 CONFIDENTIAL
	  	EXHIBIT C

			
	  
 Fees and
Flex

		
	Fees:	  	150 bps underwriting fees on total Senior Secured Facilities, payable at funding.
		
		  	$100,000 Agent fee for the ABL Facility and $25,000 annual Agent fee for the Term Loan Facility.
		
		  	No alternate transaction, ticking, break-up or other fees.
		
	Flex:	  	Flex permitted as per the Fee Letter.

  
 C-1

 EXHIBIT A TO EXHIBIT C 

 

			
	 CONFIDENTIAL
	  	EXHIBIT D

 Summary of Additional Conditions Precedent 

All capitalized terms used herein but not defined herein shall have the meanings provided in the Commitment Letter. 

The initial borrowing under the Senior Secured Facilities shall be subject to the following additional conditions precedent, provided, however, that the
condition precedent in paragraph 6 below shall only apply to the availability of the ABL Facility, and shall not be a condition precedent to the Senior Secured Facilities on the Closing Date: 

1. Consummation of Acquisition. The Acquisition shall have been consummated or shall be consummated substantially simultaneously
with the initial advances under the Senior Secured Facilities in accordance with the Acquisition Agreement and all other related documentation (without material amendment, modification or waiver thereof which is materially adverse to the Lenders
without the consent of the Agent, which shall not be unreasonably withheld or delayed, it being agreed that the Acquisition Agreement attached as Exhibit F hereto is acceptable to the Agent and the Lenders). 

2. Equity Financing. The Equity Financing described in the Transaction Description shall have been consummated in at least the
amount specified therein. To the extent not comprised of common equity, the terms and conditions of the Equity Financing shall be reasonably satisfactory in all material respects to the Agent. 

3. Company Financial Statements. The Agent shall have received and be reasonably satisfied with (a) audited consolidated
balance sheets and related statements of income, stockholders’ equity and cash flows of the Borrowers for the 2007, 2008 and 2009 fiscal years, which financial statements shall be audited in accordance with GAAP and (b) to the extent
available (but in any event, for any fiscal quarter ended 45 days or more prior to the Closing Date), unaudited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of the Borrowers for each
completed fiscal quarter since the date of the most recent audited financial statements, which unaudited financial statements shall be prepared in accordance with GAAP. 
 4. Pro Forma Financial Statements. The Agent shall have received a pro forma consolidated balance sheet (calculated at the most recent available balance sheet date) of the Borrowers and an income
statement of the Borrowers for the twelve months most recently at the Closing Date, substantially in the form of the Sponsor’s financial model previously delivered to the Agent and prepared after giving effect to the Transactions and such other
adjustments as shall be agreed between the Borrowers and the Agent as if such transactions or adjustments had occurred as of such date, together with a certificate of the chief financial officer of the Borrowers to the effect that such balance sheet
accurately presents in all material respects the pro forma financial position of the Borrowers and their subsidiaries in accordance with GAAP. 
 5. Solvency. The Agent shall have received a solvency certificate from chief executive officer or a financial officer of the Borrowers, in customary form, confirming the solvency of the Borrowers
and their subsidiaries on a consolidated basis after giving effect to the Transactions. 
 6. Minimum Excess Availability and
Collateral Field Examination and Appraisal. Solely as a condition precedent in respect of the ABL Facility, the Borrowers shall have minimum Excess Availability under the ABL Facility on the Closing Date after giving effect to the consummation
of the 

  
 D-1

 EXHIBIT A TO EXHIBIT C 
 Acquisition and the other related transactions of at least the Threshold Amount. The Agent shall have received an appraisal of the Borrowers’ hydrocarbon inventory and a filed examination of the
accounts receivable and hydrocarbon inventory (which appraisal and field examination shall be conducted by an appraiser and field examiner selected by the Agent), and shall be reasonably satisfied with the results thereof. 

7. The Statoil Oil Supply Agreement and Morgan Stanley Capital Group Products Off-Take Agreements. The definitive documentation
for the Statoil Oil Supply Agreement and the Morgan Stanley Capital Group Products Off-Take Agreements shall be consistent in all material respects with the respective term sheets for such agreements which have been provided to the Agent or
otherwise reasonably satisfactory to the Agent. 
 8. Miscellaneous Closing Conditions. Delivery of reasonably
satisfactory legal opinions of the Borrowers’ counsel, evidence of authority and officer’s certificates and payment of required fees and expenses. 
 9. Intercreditor Agreements. Delivery of intercreditor agreements or arrangements with respect to the DEDA (Delaware) Industrial Revenue Bonds and the Seller Note to be consistent in all material
respects with the terms set forth in “Collateral / Priority” in the Term Sheet, or otherwise reasonably acceptable to the Agent. 
 Notwithstanding anything in the Commitment Letter or in any other agreement or undertaking to the contrary, the terms of the Facilities Documentation shall be in a form such that they do not impair
availability of the Senior Secured Facilities on the Closing Date if the conditions expressly set forth in the Commitment Letter are satisfied (it being understood that, to the extent a perfected security interest in any Collateral (the security
interest in respect of which cannot be perfected by means of the filing of a UCC financing statement or delivery of possession of capital stock) is not able to be provided on the Closing Date after the Borrowers’ use of commercially reasonable
efforts to do so, the providing of a perfected security interest in such Collateral shall not constitute a condition precedent to the availability of the Senior Secured Facilities on the Closing Date but a perfected security interest in such
Collateral shall be required to be provided after the Closing Date pursuant to arrangements to be mutually agreed between the Borrowers and the Agent). 

  
 D-2

 EXHIBIT A TO EXHIBIT C 

 

			
	 CONFIDENTIAL
	  	EXHIBIT E

 Seller Note Term Sheet 

  
 D-3

 EXHIBIT A TO EXHIBIT C 

 

			
	 CONFIDENTIAL
	  	EXHIBIT F

 Acquisition Agreement 

  
 D-4

 EXHIBIT D 
 TO 
 STOCK PURCHASE AGREEMENT 

DISPUTE RESOLUTION PROCEDURES 

  
 Exhibit D

 DISPUTE RESOLUTION PROCEDURES 

Terms used but not otherwise defined herein shall have the meanings assigned to them in the Stock Purchase Agreement, dated as of
[            ], 2010, by and between Valero Refining and Marketing Company and PBF Holding Company LLC (the “Agreement”). 

(1) Binding and Exclusive Means. Except as otherwise set forth in Section 12.10 of the Agreement, but subject to
Section 12.9 of the Agreement, the dispute resolution provisions set forth in this Exhibit D shall be the binding and exclusive means to fully and finally resolve any and all disputes arising under the Agreement (each a
“Dispute”); provided, however, that this Exhibit D shall not limit any party’s recourse to courts of competent jurisdiction for injunctive or equitable relief that may be necessary to protect the rights and
property of such party or maintain the status quo during the pendency of the process set forth in this Exhibit D. 
 (2)
Standards and Criteria. In resolving any Dispute, the standards and criteria for resolving such Dispute shall, unless the Parties involved in the Dispute in their discretion jointly stipulate otherwise, be as set forth in Attachment 1
to this Exhibit D. 
 (3) ADR and Binding Arbitration Procedures. If a Dispute arises, the following procedures
shall be implemented (with references to “Parties” meaning all of the Parties involved in the Dispute and “Party” meaning a single Party involved on the Dispute): 

(a) Any Party may at any time invoke the dispute resolution procedures set forth in this Exhibit D as to any Dispute by providing
written notice of such action to the other Parties. The disputing Parties within five (5) Business Days after such notice shall schedule a meeting between the Parties to be held in New York, New York, or at such other place as the Parties may
mutually agree. The meeting shall occur within ten (10) Business Days after notice of the meeting is delivered to the Parties. The meeting shall be attended by senior management level personnel of each of the Parties. Such Persons shall attempt
in good faith to negotiate a resolution of the Dispute, which negotiations may entail the involvement of and meetings attended by additional senior management level personnel senior to such Persons. If such senior management level personnel shall
not have negotiated a resolution to the dispute within sixty (60) days of the initial notice of such Dispute, then a meeting attended by either the Chief Executive Officer or a senior executive officer designated by the Chief Executive Officer,
of each ultimate parent company of each of the Parties shall occur in New York, New York, or at such other place as the Parties may mutually agree, and such Persons shall attempt in good faith to negotiate a resolution of the Dispute before these
procedures may be deemed to have been exhausted. If such Persons succeed in negotiating a resolution of the Dispute, one or more Parties shall be directed (in as comprehensive detail as reasonably practicable) to take the actions necessary to carry
out such resolution. Unless mutually agreed to between the Parties, each Party shall have ninety (90) days in which to take such actions (a “Cure Period”). 

(b) As part of the process set forth in subsection (a), or if following the Cure Period, a Party believes in good faith that a
Dispute still exists, the representatives of the Parties shall cooperate in good faith and shall explore whether techniques such as mediation, minitrials, mock trials or other techniques of alternative dispute resolution might be useful, although
each Party may agree or decline to participate in such techniques of alternative dispute resolution at its sole 

  
 Exhibit D-1

 
discretion. In the event that a technique of alternative dispute resolution is so agreed upon, a specific timetable and completion date for its implementation shall also be agreed upon. The
representatives will continue to meet and discuss settlement until the date (the “Interim Decision Date”) that is the earliest to occur of the following events: (i) an agreement shall be reached by the Parties resolving the
Dispute; (ii) if a technique of alternative dispute resolution is agreed upon, the completion date therefor shall occur without the Parties having resolved the Dispute; or (iii) if a technique of alternative dispute resolution is not
agreed upon, the earlier to occur of (x) the Chief Executive Officers of the Parties (or their respective designees) shall have met without the Parties having resolved the Dispute or (y) ninety (90) days after the date of the original
notice. Unless the Parties expressly agree otherwise, the contents of any negotiations pursuant to this subsection (b) (including but not limited to any documents or correspondence exchanged by the Parties) shall be confidential among
the Parties, and shall not be admissible in any subsequent judicial or arbitral proceedings. 
 (c) If, as of the Interim
Decision Date, the Parties have not succeeded in negotiating a resolution of the Dispute pursuant to subsection (b), the Parties shall proceed under subsections (d), (e) and (f). 

(d) After satisfying the requirements above, such Dispute shall be submitted to mandatory and binding arbitration at the election of any
Party involved in the Dispute (the “Disputing Party”). The arbitration shall be subject to the Federal Arbitration Act as supplemented by the conditions set forth in this Exhibit D. The arbitration shall be conducted in
accordance with the Commercial Arbitration Rules of the American Arbitration Association (“AAA”) in effect on the date the notice of arbitration is served, other than as specifically modified herein. In the absence of an agreement
to the contrary, the arbitration shall be held in New York, New York. The Arbitrators (as defined below) will allow reasonable discovery in the forms permitted by the Federal Rules of Civil Procedure, to the extent consistent with the purpose of the
arbitration. During the pendency of the Dispute, each Party shall make available to the Arbitrators and the other Parties all books, records and other information within its control pertaining to the Dispute requested by the other Parties or the
Arbitrators subject to the confidentiality provisions contained herein. Recognizing the express desire of the Parties for an expeditious means of dispute resolution, the Arbitrators may limit the scope of discovery between the Parties as may be
reasonable under the circumstances. In deciding the substance of the Parties’ claims, the laws of the State of New York shall govern the construction, interpretation and effect of the Agreement, without giving effect to any conflicts of law
principles. The arbitration hearing shall be commenced promptly and conducted expeditiously, with each Party involved in the Dispute being allocated an equal amount of time for the presentation of its case. Unless otherwise agreed to by the Parties,
the arbitration hearing shall be conducted on consecutive days. To the fullest extent permitted by law, the arbitration proceedings and award shall be maintained in confidence by the Arbitrators and the Parties. 

(e) The Disputing Party shall notify the AAA and the other Parties in writing describing in reasonable detail the nature of the Dispute
(the “Dispute Notice”). Each Party to the dispute shall select one (1) arbitrator (the “Selected Arbitrators”) reasonably believed by such Party to be experienced in commercial arbitration and familiar with the
operation and management of crude oil refineries no later than fifteen (15) days after the date of the Dispute Notice. The Selected Arbitrators shall then jointly select a presiding arbitrator (together with the

  
 Exhibit D-2

 
Selected Arbitrators, the “Arbitrators”) from the members of a panel of arbitrators of the AAA or, if the AAA fails or refuses to provide a list of potential arbitrators, the
Center for Public Resources, and such Arbitrator shall be experienced in commercial arbitration and familiar with the operation and management of crude oil refineries. In the event that the Selected Arbitrators are unable to agree on the selection
of the presiding Arbitrator, the AAA shall select the presiding Arbitrator, using the criteria set forth in this Exhibit D, within thirty (30) days after the date of the Dispute Notice. For the purposes of appointing Arbitrators under
this subsection (e), (i) Seller, and all Persons whose interest in the Agreement derives from Seller (including Valero) shall be considered as one Party; and (ii) Buyer and all Persons whose interest in the Agreement derives from Buyer
shall be considered as another Party. In the event that any Arbitrator is unable to serve, his or her replacement will be selected in the same manner as the Arbitrator to be replaced. The vote of two (2) of the three (3) Arbitrators shall
be required for any award under this Exhibit D. During the pendency of the Dispute (i) all costs and expenses incurred by a Party in connection with the Dispute that are required to be paid during the pendency of the Dispute (other than
costs and expenses of the Arbitrators) shall be paid by the Party that incurs such cost and (ii) each Party shall pay an equal share of the costs and expenses of the Arbitrators; provided, however, that all costs and expenses
(including the Arbitrators’ and attorneys’ fees and expenses) of the prevailing Party will be borne by the non-prevailing Party and the non-prevailing Party shall reimburse the prevailing Party for any costs it incurred during the pendency
of the Dispute, provided that the award of the Arbitrators specifies (and the Arbitrators are hereby instructed and authorized to so specify if in their determination such specification is feasible) that a Party has prevailed with respect to a
preponderance of the Disputes determined by the Arbitrators. If there is no specified prevailing Party, the Arbitrators shall have the authority and discretion to assess the costs and expenses of the arbitration proceeding against all of the Parties
as the Arbitrators deem appropriate although the Arbitrators shall not be required to do so. 
 (f) The Arbitrators shall decide
all Disputes and all substantive and procedural issues related thereto, and shall enforce the Agreement in accordance with its terms, including the remedies provided in the Agreement. Without limiting the generality of the previous sentence, the
Arbitrators shall have the authority to issue injunctive relief; provided, however, the Arbitrators shall not have any power or authority to (i) award consequential, incidental, indirect or punitive damages except where the
Agreement specifically provides for such damages, or (ii) amend the Agreement. The Arbitrators shall render the arbitration award, in writing, within twenty (20) days following the completion of the arbitration hearing, and shall set forth
the reasons for the award. In the event that the Arbitrators award monetary damages in favor of either party, the Arbitrators must certify in the award that no consequential, incidental, indirect or punitive damages are included in such award. If
the Arbitrator’s decision results in a monetary award, the interest on such award shall accrue on the award at the Applicable Rate, compounded quarterly, until such amount, together with all accrued but unpaid interest thereon, are paid in
full. The arbitration award shall be final and binding on the Parties, and judgment thereon may be entered in any court of competent jurisdiction and may not be appealed, except to the extent permitted by the Federal Arbitration Act. 

(4) Continuation of Business. Notwithstanding the existence of any Dispute or the pendency of any procedures pursuant to this
Exhibit D, the Parties agree and undertake that all payments shall continue to be made and that all obligations shall continue to be performed. 

  
 Exhibit D-3

 (5) Confidentiality. Subject to the proper judicial enforcement of this Exhibit
D, including the filing of an award pursuant to Section 3(f) hereof, the award or other related rights of the Parties, the fact of the arbitration, the arbitration proceeding itself, all evidence, memorials, or other documents exchanged or
used in the arbitration and the arbitrators’ award shall be maintained in confidence by the Parties to the fullest extent permitted by applicable Law, unless required to be disclosed by applicable Law (including securities Laws) or any
applicable requirements of self regulatory organizations or compelled by court order or applicable rules of discovery or litigation. However, a violation of this covenant shall not affect the enforceability of the agreement to arbitrate or of the
award of the Arbitrators. 
 (6) Separability and Survival of Agreement to Arbitrate. These dispute resolution procedures
constitute a severable and independent arbitration agreement that shall be separately enforceable from the remainder of the Agreement. The Parties agree that these dispute resolution procedures shall continue in effect even if one or more provisions
of the Agreement shall be determined to be null or void. 
 (7) Agreement Governs. These dispute resolution are subject
to the terms of the Agreement. In the event that any provision of these dispute resolution procedures conflicts with any provision of the Agreement, the provisions of the Agreement shall control. 

  
 Exhibit D-4

 ATTACHMENT 1 TO EXHIBIT D 

(a) First priority shall be given to maximizing the consistency of the resolution of the Dispute with the satisfaction of all express
obligations of the Parties and their respective Affiliates as set forth in the Agreement. 
 (b) Second priority shall be given
to such other matters, if any, as the Parties or the Arbitrators shall determine to be appropriate under the circumstances. 

  
 Exhibit D-5

 EXHIBIT E 

ENVIRONMENTAL AGREEMENT 
 THIS ENVIRONMENTAL AGREEMENT (this “Agreement”), is made and entered into as of              , 2010 (the
“Effective Date”), by and among VALERO REFINING AND MARKETING COMPANY, a Delaware corporation (“Seller”), PBF HOLDING COMPANY LLC, a Delaware limited liability company (“Buyer”) and,
for the limited purposes set forth herein, VALERO REFINING COMPANY-NEW JERSEY, a Delaware corporation (the “Company”) (each a “Party” and, collectively, the “Parties”). 

RECITALS 
 A. The
Parties have entered into a Stock Purchase Agreement of even date herewith (the “SPA”), pursuant to which Seller will sell and transfer, and Buyer will purchase and acquire, the Shares (as defined in the SPA) of the Company,

 B. In connection with the SPA, the Parties desire to enter into this Agreement to set forth their agreements if the Closing occurs regarding
the allocation of liabilities and other responsibilities with respect to health, safety and environmental matters regulated and governed by Environmental Law (as defined herein). 

AGREEMENTS 

NOW, THEREFORE, in consideration of the foregoing premises, the mutual promises and covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, subject to the terms and conditions hereinafter set forth, agree as follows if the Closing occurs: 

Article 1 

DEFINITIONS 
 Section 1.1 The following terms shall have the following meanings for the purposes of this Agreement and all capitalized terms used herein, but not otherwise defined, shall have the meanings
ascribed to such terms in the SPA: 
 “Assumed Environmental Liabilities” has the meaning given such term in
Section 3.4. 
 “Agreement” has the meaning given such term in the preamble to this Agreement. 

“Breach Notice” has the meaning ascribed to such term in Article 2. 
 “Buyer” has the meaning given such term in the preamble to this Agreement, together with its successors and assigns. 

  
 - 1 -

 “CERCLA” shall mean the Comprehensive Environmental Response, Compensation and Liability
Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986,42 U.S.C. Section 9601 et seq. 

“Company” has the meaning given such term in the preamble to this Agreement. 
 “Corrective Action Costs” means actual costs or expenses incurred to implement Required Corrective Action to address Pre-Closing Environmental Contamination based on the Minimum
Corrective Action Method. Corrective Action Costs shall expressly exclude (i) expenses related to the Company’s operation of the onsite wastewater treatment and recovery system based on the average volumes of recovered groundwater
historically processed in the ordinary course as of the Effective Date; (ii) expenses related to utilities used in conducting the Corrective Action, to the extent consistent with average historical utility usage for the on-site hydraulic
containment and recovery system in use in the ordinary course as of the Effective Date; (iii) the costs of Buyer’s and the Company’s employees (including operations and maintenance personnel); and (iv) any expenses or costs for
Voluntary Corrective Action. 
 “Environmental Disclosure Schedules” means the disclosure schedules attached as Schedule
A hereto and made a part hereof. 
 “Environmental Documents” means those documents and materials pertaining to health,
safety and environmental matters that were made available to Buyer and its representatives in Seller’s electronic data room established in connection with the sale of the Shares, an index of which as of the Effective Date is attached hereto as
Schedule E. 
 “Environmental Law” means any law (whether common or statutory) pertaining to human health, safety or the
environment, pollution or the protection of fish, wildlife, natural resources, or land use including, the Clean Air Act, as amended, CERCLA, the Federal Water Pollution Control Act, as amended, the Resource Conservation and Recovery Act of 1976, as
amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the Hazardous & Solid Waste Amendments Act of 1984, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, the
Hazardous Materials Transportation Act, as amended, the Oil Pollution Act of 1990, as amended, the Emergency Planning and Community Right-to-Know Act, as amended, the Atomic Energy Act of 1954, as amended, the Federal Insecticide, Fungicide, and
Rodenticide Act of 1972, as amended, the Occupational Safety and Health Act, the New Jersey Industrial Site Recovery Act (“ISRA”) and the Site Remediation Reform Act(“SRRA”), and any federal, state and local Laws implementing or
comparable to the foregoing, as the same may be amended or supplemented, 
 “Environmental Liabilities” means any Loss or Claim
related to or arising under Environmental Law. 
 “Environmental Testing” shall mean any environmental site assessment, test,
inspection, audit, or investigation (but excluding routine operator observations or similar routine operator activities taken in the ordinary course of operation and maintenance of the Real Property) of the Real Property, the XOM Property, or any
other property requiring Environmental Testing pursuant to the Remediation ACO or other directive of a Governmental Authority or LSRP that could reasonably be expected to lead to the discovery, investigation or assessment of Pre-Closing
Environmental Contamination. 

  
 - 2 -

 “Effective Date” has the meaning given such term in the preamble to this Agreement.

 “Governmental Authority” has the meaning given such term in the SPA. 

“Hazardous Materials” means any pollutants, contaminants, chemicals or toxic, hazardous, radioactive or petroleum hydrocarbon
substances, materials or wastes that are regulated or defined as hazardous under Environmental Law. 
 “Licensed Site Remediation
Professional” (LSRP) shall mean an individual designated as the Licensed Site Remediation Professional with oversight responsibility for the Refinery, as set forth under applicable Environmental Law. To the extent feasible under applicable
Environmental Law, the Parties shall reasonably cooperate with each other to select a LSRP mutually acceptable to both Parties. 

“Minimum Corrective Action Method” shall mean the minimum method to Remediate at the minimum required expense allowable under, and which
satisfies the requirements of, Environmental Laws in effect at the time of such Remediation and is approved by the relevant Governmental Authority or LSRP for the type of property affected consistent with its use at the Closing Date to the extent
that such manner or standard does not, and so long as the performance of such manner or standard does not, unreasonably interfere with the ongoing operations of the Assets or impose material increased costs, interference or restrictions on the
Company, which method utilizes demonstrated and proven technology or techniques. For avoidance of doubt, the Minimum Corrective Action Method may rely on risk assessment or risk reduction principles or programs to the extent such principles or
programs are authorized by Environmental Laws and are acceptable to Governmental Authorities or an LSRP, and are consistent with the use of the property as of the Closing Date. 
 “Obligations” shall mean duties, liabilities and obligations, whether vested, absolute or contingent, primary or secondary, direct or indirect, known or unknown, asserted or unasserted,
accrued or unaccrued, liquidated or unliquidated, due or to become due, arid whether contractual, statutory or otherwise. 

“Orders” means any orders, decrees, requests, directives, settlements or any other similar requirement imposed, issued or assessed by,
or entered into with, applicable Governmental Authorities (or LSRP if appointed in the future) pursuant to any Environmental Law relating to the ownership, operation or use of the Refinery or the Business. 

“Permits” means any environmental permit, license, authorization, certificate, registration, variance, settlement, compliance plan or
other consent or approval granted by any Governmental Authority (or LSRP if appointed in the future) under any Environmental Law. 

“Pre-Closing Environmental Contamination” means known or unknown Hazardous Materials Released prior to Closing, including any migration
of a pre-Closing Release, due to acts or omissions in the ownership and operation of the Refinery and the Real Property. 

  
 - 3 -

 “Pre-Closing Claim Costs” shall have the meaning assigned that term in Section 3.5(c).

 “Release” means any spilling, leaking, seeping, pumping, pouring, emitting, emptying, injecting, discharging, escaping,
leaching, dumping, disposing or releasing of any Hazardous Materials into the environment (including the air, soil, surface water, or groundwater) of any kind whatsoever, but not any offsite disposal or treatment in accordance with Environmental
Law. Migration after the Closing Date from a Release that occurred prior to the Closing Date shall not be considered a new Release for purposes of this Agreement, except to the extent that any such migration is the result of Company’s
Post-Closing action or omission, but only to the extent the Company has actual knowledge of and a duty to mitigate any such migration, after the Closing Date (other than any action or omission of Seller after the Closing Date). 

“Remediate” or “Remediation” means Environmental Testing and to investigate, monitor, characterize, abate, contain,
clean up, remove, treat, cover or in any other way assess or clean up a Release and to restore or repair impairment to natural resources. 

“Remediation ACO” shall mean the September 10, 1979, September 29, 1980, and May 10,1991 Administrative Consent
Orders in the Matter of the Mobil-Paulsboro Site, as amended by the August 27, 1998 Administrative Consent Order Second Amendment, and as may be amended, supplemented or replaced from time to time, but only to the extent such amendment,
supplement or repalcement addresses Pre-Closing Environmental Contamination. 
 “Required Corrective Action” means (i) any
legally required expenditure or activity taken pursuant to Environmental Laws or at the written directive of an applicable Governmental Authority or LSRP to Remediate, including any requirements under ISRA or the SRRA, or (ii) required in the
event of or to avoid an emergency or in cases where the Parties agree in advance (to the extent practical) that such action is necessary to prevent potentially higher costs being incurred by the Parties (for example, to avoid off-site migration or
duplicative mobilization costs). 
 “Retained Environmental Liabilities” has the meaning given such term in Section 3.2.

 “Scheduled Environmental Obligations” means the Environmental Liabilities identified on Schedule B. 

“Seller” has the meaning given such term in the preamble to this Agreement, together with its successors and assigns. 

“Shared Responsibility Period” shall have the meaning assigned that term in Section 3.5(c). 

“SPA” has the meaning given such term in the recitals to this Agreement. 
 “Third-Party Offsite Pre-Closing Environmental Contamination Claims” shall mean Claims and Losses under Environmental Laws asserted by any Person (other than Buyer, Buyer’s
Affiliates, successors or assigns, or any Governmental Authority or LSRP), to the extent related to Pre-Closing Environmental Contamination but only to the extent that such Pre-Closing Environmental Contamination had actually migrated from the
Refinery at or prior to Closing. With respect to any such Claims brought after Closing but prior to the first anniversary of the 

  
 - 4 -

 
Closing, Seller shall have the burden of proof to establish that any such Claim is not related to Pre-Closing Environmental Contamination that had actually migrated offsite from the Refinery at
or prior to Closing. With respect to any such claims brought from and after the first anniversary of the Closing, Buyer shall have the burden of proof to establish that any such Claim is related to Pre-Closing Environmental Contamination that had
actually migrated offsite from the Refinery at or prior to Closing. 
 “Third-Party Pre-Closing Environmental Contamination
Claims” shall mean Claims and Losses under Environmental Laws, other than Third-Party Offsite Pre-Closing Environmental Contamination Claims asserted by any Person (other than Buyer, Buyer’s Affiliates, successors or assigns, or any
Governmental Authority or LSRP), to the extent related to Pre-Closing Environmental Contamination. 
 “Voluntary Corrective
Action” means any action taken to Remediate that is not Required Corrective Action. Without limiting or expanding the prior sentence, but for clarity purposes, Voluntary Corrective Action includes (i) any significant expansion in scope
or acceleration of the obligations under the Remediation ACO, unless required by change in law or in writing by a Governmental Authority without having been solicited by Buyer or Company, provided, however, “solicited” shall not include
general recommendations or conclusions in submittals based on data generated under Required Corrective Action or Environmental Testing; (ii) any action to Remediate performed in excess of the Minimum Required Corrective Action Method, unless
required in the event of or to avoid an emergency or in cases where the Parties agree in advance (to the extent practical) that such action is necessary to prevent potentially higher costs being incurred by the Parties (for example, to avoid
off-site migration or duplicative mobilization costs). 
 “XOM Property” means the real property comprising the ExxonMobil
Technical Center and other real property included in the definition of “Refinery” under the existing Remediation ACO. 

Section 1.2 All references to Articles and Sections refer to articles and sections of this Agreement, and all references to
Exhibits or Schedules refer to exhibits or schedules to this Agreement, which are attached hereto and made a part hereof for all purposes. The word “includes” or “including” means including, but not limited to. 

Article 2 

ENVIRONMENTAL REPRESENTATIONS AND WARRANTIES 
 Seller hereby represents and warrants to Buyer that the following statements are true and correct as of the Effective Date: 
 Section 2.1 Permits. Except (a) as set forth in the Environmental Disclosure Schedules, (b) as would not reasonably be expected to have a Material Adverse Effect, or (c) as
provided in the Environmental Documents, to the Knowledge of Seller, the Company has all Permits and Orders necessary to operate the Business in the same manner as operated by the Company as of the Effective Date. To the Knowledge of Seller, or
except as would not be reasonably expected to have a Material Adverse Effect, Section 2.1 of the Environmental Disclosure Schedules contains a materially complete listing of all Permits related to the Company and the Business. 

  
 - 5 -

 Section 2.2 Compliance with Environmental Laws. With respect to the operations
of the Business and except (a) as set forth in the Environmental Disclosure Schedules, (b) as would not reasonably be expected to have a Material Adverse Effect, or (c) as provided in the Environmental Documents, to the Knowledge of
Seller, the Company is in compliance with Environmental Laws, Permits and Orders in effect and requiring compliance as of the Effective Date. To the Knowledge of Seller, or except as would not be reasonably expected to have a Material Adverse
Effect, Section 2.2 of the Environmental Disclosure Schedules contains a materially complete listing of all Orders currently requiring action related to the Company and the Business. 

Section 2.3 Notices from Governmental Authorities. Since January 1, 2009 the Company has not received any written notice
from or, to the Knowledge of Seller, any threat of any notice from, any applicable Governmental Authority of a material violation of any Environmental Law, except as set forth in the Environmental Disclosure Schedules or as provided in the
Environmental Documents. 
 Section 2.4 Tanks. The list of Refinery tank inspection due dates under API 653
attached as Section 2.4 of Schedule C hereto is materially complete and correct. 
 Section 2.5 If, prior to
the Closing Date, either Seller or Buyer obtains knowledge of a breach of any of the foregoing representations or warranties of Seller in this Article 2 (a “Breach”), it shall notify the other party in writing of such information (the
“Breach Notice”) as promptly as reasonably possible, but in all events not later than the day prior to the Closing Date. The Breach Notice shall contain reasonable details regarding the alleged breach and the good faith estimate of
the potential Loss associated with such breach. In the event of a Breach Notice under this Agreement, the Parties shall follow the procedures set forth in Article X of the SPA, provided, however, (i) the term “Breach” as defined above
shall be applied in place of the terms “Casualty” or “Taking” in Article X of the SPA, (ii) the term “Remediate” as defined in this Agreement shall be applied in place of the term “Repair” in Article X of
the SPA, and (iii) there shall be no minimum amount of potential Loss applicable to any such Breach Notice to implement the procedures in Article X of the SPA as applied herein. 

Article 3 

ENVIRONMENTAL RESPONSIBILITY 
 Section 3.1 Environmental Condition. Seller has provided Buyer with Environmental Documents that contain information on the health, safety and environmental conditions of the Assets and has
provided Buyer and its Diligence Representatives with Environmental Disclosure Schedules attached hereto and access to the Assets as provided in the SPA. Subject to the express provisions in this Agreement and applicable provisions of the SPA, at
Closing, Buyer acknowledges that it will become the owner of the Company and the indirect owner of the Assets and that the Assets will be accepted by Buyer in their “AS IS”, “WHERE IS” condition “WITH ALL FAULTS” and
otherwise in the condition in which it exists as of the Closing Date. 

  
 - 6 -

 Section 3.2 Retained Environmental Liabilities. If Closing occurs, Seller shall
retain, pay for and be responsible for the following (collectively, the “Retained Environmental Liabilities”) subject to the limitations set forth in Section 3.3 below: 

 

	 	(a)	The Scheduled Environmental Obligations; 

  

	 	(b)	Fines and penalties assessed by any Governmental Authority pursuant to any applicable Environmental Laws (including fines and penalties related to Orders and Permits,
notifications under Environmental Laws of the sale of the Shares, matters set forth in the Environmental Disclosure Schedules and the Environmental Documents) to the extent assessed for the period of operation of the Refinery and the Business prior
to the Closing Date (and those fines and penalties to the extent described in the Scheduled Environmental Obligations), whether or not assessed prior to the Closing Date; 

 

	 	(c)	All Claims and Losses arising out of, assessed for, resulting from, or in connection with the offsite transportation for disposal of Hazardous Materials (this includes
the resulting disposal and treatment at the offsite facility) by the Company or Seller (i) during the period of operation of the Assets and the Business prior to the Closing Date and, (ii) for Seller’s Hazardous Materials generated in
performance of the Obligations under Exhibit B, in both cases whether or not assessed prior to the Closing Date (as used in this Section 3.2(c), “offsite” means any location other than the Refinery, Real Property, XOM Property and any
migration from a disposal site not located at the Refinery, Real Property or XOM Property); 

  

	 	(d)	Except with respect to Pre-Closing Environmental Contamination, which is addressed in subsection (e) and Section 3.5 below, all Claims and Losses under
Environmental Laws asserted by any Person (other than Buyer, Buyer’s Affiliates, successors or assigns, or any Governmental Authority [except with respect to natural resource damage claims] or LSRP) against the Company, Buyer or their
Affiliates (regardless of whether such matters were set forth the Environmental Disclosure Schedules and the Environmental Documents) arising out of, resulting from, or in connection with an environmental exposure, injuries, or accidents (including
property damage or personal injuries that may have resulted therefrom) that occurred at the Refinery or arose out of the activities of the Business prior to the Closing Date, 

 

	 	(e)	Any Pre-Closing Offsite Third Party Environmental Contamination Claims. 

  
 - 7 -

 Section 3.3 Limitations on Retained Environmental Liabilities. Retained
Environmental Liabilities shall be subject to the following: 
  

	 	(a)	Seller shall have no Environmental Liability for the Company’s or Buyer’s failure to operate the Assets in compliance with Environmental Laws on or after the
Closing Date; provided, however, that to the extent any Environmental Liabilities are assessed or imposed relating to any noncompliance occurring both prior to and after the Closing Date, Seller’s obligation for any such Environmental Liability
shall not exceed that portion of the Environmental Liability resulting from any noncompliance attributable to the period prior to the Closing Date and as set forth in Schedule B. 

 

	 	(b)	All communications or interactions with Governmental Authorities regarding the Retained Environmental Liabilities shall be conducted by Seller with copies, notice or
periodic updates provided to Buyer; provided that Seller may not agree to any activity or restriction that would unreasonably interfere with the Company’s ongoing operations without first consulting with Company and obtaining Company’s
prior written consent, which such consent shall not be unreasonably withheld, conditioned or delayed. 

  

	 	(c)	Buyer or Company may communicate with Governmental Authorities or third parties regarding the Retained Environmental Liabilities but only to the extent necessary to
meet self-reporting obligations or other emergency situations as required under Environmental Laws provided, however, Buyer and Company shall be permitted to communicate with the relevant Governmental Authorities concerning the permit modifications
and related issues described in paragraph 3 of Schedule B. To the extent such self- reporting or other emergency communication is required as specified above, Buyer or Company shall, when practical, consult with Seller a reasonable period of time
before any submission is due and shall obtain Seller’s prior written consent, not to be unreasonably withheld, conditioned or delayed, regarding the proposed communication. When such self-reporting or other emergency communication cannot be
practically communicated in advance, the Company or Buyer shall nevertheless consult with Seller as required above as soon as reasonably possible. Buyer or Company shall not solicit Governmental Agencies to pursue enforcement with regard to the
Retained Environmental Liabilities. 

 Section 3.4 Assumed Environmental Liabilities. If Closing
occurs, from and after the Closing Date, excluding the Retained Environmental Liabilities, and subject to Sections 3.3 and 3.5 hereof, the Company will continue to retain all Environmental Liabilities and Obligations (the “Assumed
Environmental Liabilities”). 

  
 - 8 -

 Section 3.5 Obligations for Pre-Closing Environmental Contamination. Pre-Closing
Environmental Contamination shall be addressed as follows: 
  

	 	(a)	During the Shared Responsibility Period, Company shall take Required Corrective Action to address Pre-Closing Environmental Contamination consistent with the Minimum
Required Corrective Action Method, except as otherwise provided herein. 

  

	 	(b)	During the Shared Responsibility Period, as long as it complies with the requirements of the Minimum Corrective Action Method, Company shall be responsible for
operating and maintaining the current system of containment wells depicted on Schedule 3.5(b) along with the recovery of product from the groundwater wells identified on Schedule 3.5(b), all consistent with the historical operation of such wells and
the costs for which have been reflected in the Financial Statements. 

  

	 	(c)	For a period of twelve years following the Closing Date (the “Shared Responsibility Period”), in the event that the Company’s Corrective Action
Costs for Pre-Closing Environmental Contamination and costs incurred in defending Third-Party Pre- Closing Environmental Contamination Claims, including any costs paid in satisfaction of such Claims (the “Pre-Closing Claim Costs”),
exceed five million dollars ($5,000,000.00) per year, net of any third party recoveries, payments and any amounts paid under the insurance obtained pursuant to Article 7 below (the “Company Share”), Seller shall be responsible for
payment of those Corrective Action Costs and Pre-Closing Claim Costs incurred by the Company in excess of the Company Share (the “Seller’s Share”); provided, however, that Seller shall not be responsible for payment of
Company’s costs or expenses for Voluntary Corrective Action or for Corrective Action Costs exceeding the Minimum Required Corrective Action Method, nor shall such costs be counted toward the Company Share. Invoicing and payment for the
Seller’s Share shall be conducted in accordance with the invoicing procedures described in Exhibit I to the SPA (the Transition Service Agreement). Company shall not be responsible for any costs or expenses, nor shall the Company Share include,
any costs or expenses related to the Retained Environmental Liabilities set forth in Section 3.2 above. 

  

	 	(d)	At any time during the Shared Responsibility Period, Seller shall have the right to audit or inspect the Company’s program, facilities, documents and records
relating to Remediation and the Company Share. 

  
 - 9 -

	 	(e)	During the Shared Responsibility Period, except as otherwise required herein, Company shall use commercially reasonable efforts to avoid an increase in the Corrective
Action Costs, including but not limited to the following: 

  

	 	(i)	Except (i) as required for emergency response to address a Release occurring after the Closing Date, (ii) in response to a directive by Governmental
Authorities or LSRP requiring immediate response, (iii) as required by Environmental Law, or (iv) routine operator observations or similar activities taken in the ordinary course of operation and maintenance of the Real Property, Company
shall notify Seller before engaging in any activity, including but not limited to Environmental Testing, which may materially increase the Corrective Action Costs. 

 

	 	(ii)	Where Company’s plans for capital project construction activity will or may cause disturbance of contaminated soil which is reasonably expected to have been
contaminated as of the Closing and will exceed the annual volume allowed under the Soil Reuse Plan then in effect and the measures in such plan cannot be implemented (“Contaminated Construction Soils”), the Parties will consult with
each other to find the lowest incremental cost method, to the extent reasonably practical that does not unreasonably interfere with Company’s construction activity. Contaminated Construction Soils located or disturbed by Company shall be
handled in accordance with Environmental Law or as requested by the applicable Governmental Authority or LSRP. The incremental cost of management of such Contaminated Construction Soils above the cost of management of uncontaminated soil shall be
considered Corrective Action Costs for Pre-Closing Environmental Contamination. 

  

	 	(iii)	Prior to engaging in any Environmental Testing, the Party undertaking the Environmental Testing shall provide the other Party with reasonable advance notice so that
such Party may, at its own cost, observe such activities and obtain any split samples it may desire. The Party undertaking the Environmental Testing shall provide the other Party with copies of all written, non-privileged reports prepared by third
parties related to Environmental Testing. 

  
 - 10 -

	 	(iv)	Company shall periodically communicate and consult with Seller regarding the Remediation for the Pre-Closing Environmental Contamination. Company shall allow Seller a
reasonable opportunity to lead in communication and other dealings with Governmental Authorities or LSRP involving the Remediation for the Pre-Closing Environmental Contamination, but Seller shall at no time conduct any unilateral communication with
Governmental Authorities or LSRP without Company’s knowledge related to Required Corrective Action. To the extent Company and Seller have any dispute regarding communications or other dealings with Governmental Authorities or LSRP, the Parties
may refer the matter for Dispute Resolution pursuant to Exhibit D of the SPA. 

  

	 	(f)	During the Shared Responsibility Period: 

  

	 	(i)	Company will defend all Third Party Pre-Closing Environmental Claims. Company and Seller shall cooperate in good faith and consult with each other with respect to any
Third Party Pre-Closing Environmental Contamination Claims, including efforts to mitigate the potential for or impact of any Third Party Pre-Closing Environmental Contamination Claims. 

 

	 	(ii)	Company shall use commercially reasonable efforts to avoid excessive Pre-Closing Claim Costs, and shall act in good faith, without prejudice to Seller, with respect to
the handling of any Third Party Pre-Closing Environmental Contamination Claims. 

  

	 	(g)	After the Shared Responsibility Period, all Pre-Closing Environmental Contamination shall be Assumed Environmental Liabilities of the Company. 

Section 3.6 Assignment of Permits and Orders. If Closing occurs, to the extent not already effective as to the Company as of
and after the Closing, the Company shall assume, subject to Seller’s Obligations under Sections 3.2 and 3.5, the Refinery Permits and Orders. To the extent the Parties enter into other agreements or documents to carry out this Section 3.6,
the terms and conditions of this Agreement shall control as between the Parties. 
 Section 3.7 Other Obligations.

  

	 	(a)	 To the extent the Company fails to perform activities, discharge Obligations or pay costs that are required to be performed, discharged or paid by the
Company pursuant to this Agreement after the Closing Date, the Company shall be responsible for any 

  
 - 11 -

	 	
penalties and costs associated therewith, except to the extent the Company’s failure is caused by Seller’s breach of any of its Obligations hereunder (including under the Access
Agreement). 

  

	 	(b)	To the extent Seller fails to perform activities, discharge Obligations or pay costs that are required to be performed, discharged or paid by Seller pursuant to this
Agreement after the Closing Date, Seller shall be responsible for any penalties and costs that resulted from such failure, except to the extent Seller’s failure is caused by Company’s breach of any of its Obligations hereunder (including
under the Access Agreement). 

  

	 	(c)	After the Effective Date but before the Closing Date, the Company shall not enter into any amendments or modifications of any Orders or any new Orders concerning the
Assets or the Business that affect the rights or Obligations of the Company on or after the Closing Date without the prior written consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed; provided however, it is
understood that the Company or Seller may, in its sole discretion and without the prior written consent of Buyer, settle any Retained Environmental Liabilities if any such settlement involves only the payment of money and does not affect the
operations of the Business or the Assets after the Closing. 

  

	 	(d)	In the event Seller has Obligations or liabilities that continue after the Closing Date pursuant to any Orders, Permits or Agreements concerning the Assets or the
Business, Company shall not enter into any amendments or modifications of such Orders, Permits or Agreements that affect the rights or Obligations of the Seller without the prior written consent of Seller, which consent shall not be unreasonably
withheld, conditioned or delayed. 

  

	 	(e)	Company is a party to a federal Consent Decree (Civil No. 05-CV- 00569) (hereinafter the “Section 114 CD”) which required implementation of
certain corrective actions specific to the Company and other corrective actions that must be undertaken in cooperation with other parties to the Section 114 CD. Buyer shall cause Company to agree to continue to cooperate in the implementation
of the Section 114 CD and the specific terms set forth in the Agreement Regarding Clean Air Act Consent Decree, attached as Schedule 3.7(e). 

 Section 3.8 For purposes of demonstrating compliance with Federal mobile source requirements under Title II of the Clean Air Act, Seller shall report data regarding the Refinery under the EPA
registration for Valero Energy Corporation prior to Closing Date. On and after the Closing Date, Buyer shall be responsible for reporting data related to the Refinery and the 

  
 - 12 -

 
Company, provided that Seller shall provide Buyer with any data necessary to demonstrate compliance with federal mobile source requirements. For purposes of demonstrating compliance with Federal
requirements related to mobile source air toxic standards consistent with EPA guidance in Section VI.A of the July, 2003 guidance document entitled “RFG Questions and Answers Consolidated by Topic,” Seller shall report data for the
Refinery for 2010 on a de-aggregated basis and shall provide Buyer with all necessary data and information for Buyer to demonstrate compliance with air toxic requirements. 
 Article 4 
 COOPERATION 

Section 4.1 After the Effective Date, Buyer and Seller shall work in good faith cooperatively to effect any assignments
contemplated under this Agreement (such assignments to be effective as of the Closing Date) or enter into any new Permits or similar documents that may be reasonably required under the SPA or this Agreement. 

Section 4.2 Seller shall have the sole discretion to determine how to perform the Obligations of the Scheduled Environmental
Obligations, as long as such performance does not unreasonably interfere with the ongoing operations of the Assets after the Closing, or impose any new material Obligations on the Company; provided, however, that if a spill or release occurs as a
direct consequence of Seller’s performance of the Retained Environmental Liabilities, Seller shall be responsible for spill response and cleanup and for any Fines and Penalties assessed for the spill or release. However, after Closing, Seller
shall consult regularly with Company regarding the nature of the remedial activities planned. Seller shall maintain regular communications with Company so that Company shall have reasonable notice to the extent reasonably practicable to participate
in contacts and meetings with applicable Governmental Authorities including advanced review of written submissions to such applicable Governmental Authorities to the extent they have the potential to involve the Environmental Liabilities of the
Company. Any disputes regarding the measures needed under this Agreement to address the Retained Environmental Liabilities shall be subject to resolution pursuant to the dispute resolution procedures set forth in Exhibit D to the SPA.

 Section 4.3 Buyer and Seller shall make available to each other any relevant information relating to their
respective Obligations under this Agreement including work plans, reports, soil assessment data, laboratory results, field study results, ground water monitoring data, and operating and maintenance histories of groundwater recovery equipment, except
for any proprietary or confidential information that may be business sensitive or covered by a privilege, subject to the following sentence. As appropriate, Buyer and Seller shall enter into joint defense agreements with the Company, including the
Joint Defense Agreement with Attachment set forth in Section 4.3 of Schedule A (Joint Defense Agreement) to allow for the sharing of common defense privileged materials. Buyer or Company shall maintain regular communications with Seller, and
Seller will do so with Company, so that Seller (or Company as the case may be) shall have reasonable notice, to the extent reasonably practicable, to participate in contacts and meetings with applicable Governmental Authorities including advanced
review of written submissions to such applicable Governmental Authorities to the extent they have the potential to involve the Retained Environmental Liabilities or Assumed Environmental Liabilities. 

  
 - 13 -

 Section 4.4 Should Seller’s Obligations under a Scheduled Environmental
Obligation at any time become reasonably limited or impracticable and should those Obligations be capable of being performed by Buyer or the Company without unreasonable interference or imposition, Seller shall provide a notice to Buyer. Within a
reasonable period of time following such notice and Buyer’s mutual agreement, Buyer and Seller shall discuss an orderly transition of control over such Obligations including the compensation payable to Buyer or the Company for performing such
Obligations. Seller and Buyer/Company may, but have no obligation to, agree to the transfer of the limited Obligation to Buyer or the Company. If transfer occurs, Seller may require an accounting (including the provision of invoices, proof of
payments to third parties and other reasonable supporting documentation) for all costs, fees and expenses for which Buyer or the Company seeks payment or reimbursement in connection with any Obligations transferred to Buyer or the Company in
accordance herewith. Seller shall reimburse Buyer or the Company for all properly supported and undisputed costs within thirty (30) days of Seller’s receipt of Buyer’s invoice therefore. Any disputes regarding amounts payable from
Seller to Buyer or the Company hereunder shall be subject to resolution pursuant to the dispute resolution procedures set forth in Exhibit C to the SPA. 
 Section 4.5 With respect to any Scheduled Environmental Obligation that requires any Remediation or other removal, restoration, remediation, response or cleanup under any Environmental Law,
Seller may elect to implement and complete such Required Corrective Action based on the Minimum Corrective Action Method, Seller may rely on risk assessment or risk reduction principles or programs provided such principles or programs are authorized
by Environmental Laws and are acceptable to applicable Governmental Authorities. Seller shall not be required to address contamination beyond the least restrictive manner or standard than allowed by Environmental Laws to the extent that such manner
or standard does not, and so long as the performance of such manner or standard does not, unreasonably interfere with the ongoing operations of the Assets or impose material increased costs, interference or restrictions on the Company. Seller and
Company shall use commercially reasonable efforts not to unreasonably interfere with each other’s activities or the activities of the Company. Seller and its contractors shall comply with regular and customary rules and regulations of the
Company reasonably applicable to all contractor’s work at the Refinery, and with the customary and reasonable safety instructions of the Refinery’s personnel, provided such rules or regulations cannot require additional financial
commitments from Seller nor conflict with any allocation of Liability or Obligations in this Agreement. In addition, Buyer shall cause the Company following Closing to (i) afford Seller and its contractors access to the Assets, Refinery and its
infrastructure as reasonably necessary for Seller to exercise its rights and Obligations hereunder in accordance with the Access Agreement, (ii) promptly issue any work permits required for the activities of Seller contemplated hereunder,
(iii) make available from existing Assets such quantities of electricity, nitrogen, steam, wastewater treatment and water as are reasonably necessary to enable Seller and its contractors to efficiently prosecute the activities contemplated
hereunder, provided that Seller shall reimburse the Company at reasonable commercial rates (including the costs of any required additional facilities) for all quantities of electricity, steam, nitrogen, fuel and any incremental costs for wastewater
treatment required by Seller or its contractors and (iv) provide Seller and its contractors with reasonable work and storage space in mutually acceptable locations adequate to enable Seller to efficiently prosecute the activities contemplated
hereunder. 

  
 - 14 -

 Section 4.6 For Releases that occur after the Closing Date in locations or
amounts not readily distinguishable from Releases for which Seller may be obligated pursuant to this Agreement, Buyer or the Company shall be responsible for the incremental cost of Corrective Action associated with Buyer’s or the
Company’s incremental contribution to such Release, Seller, Buyer or the Company may provide an estimate of the incremental cost of such Corrective Action, Buyer, Seller and the Company shall work together in good faith to estimate such cost,
and in the event the Parties are unable to reach agreement, the matter may be referred for dispute resolution pursuant to Exhibit D of the SPA. 
 Section 4.7 For any reports or submittals required by any Governmental Authority under any Environmental Law that cover periods of both Seller’s and Buyer’s ownership of the Shares,
Buyer shall cause the Company to prepare such reports, segregated to the extent feasible based on the Closing Date, and send Seller’s portion to Seller for its prior review, approval and/or supporting representation and certifications on the
accuracy of the information for its period of operation or ownership, and Seller shall be responsible for the pro-rated cost of preparing such reports or submittals. The Company’s preparation of such report shall not modify, change, alter or
diminish any other provision in this Agreement as applied to the subject matter of such report and the rights, liabilities, responsibilities, Obligations and indemnities for any matters contained in such reports shall be as set forth elsewhere
herein. 
 Article 5 
 ACCESS 
 Section 5.1 Access to Refinery and Refinery Lands. At
Closing, Seller and the Company shall enter into an Access Agreement the form of which is attached hereto as Schedule D. 

Section 5.2 Access to Employees. The Company and Buyer shall permit Seller and its Affiliates and their respective
representatives to have reasonable access to and inquiry of all employees and other personnel who are employed, retained or controlled by Buyer Indemnitees who have relevant information regarding the Assets related to Obligations of Seller under
this Agreement. In addition, Buyer and the Company shall make available to Seller such books and records relating to the Assets and the operation thereof as may be necessary for Seller to comply with its Obligations hereunder, and shall comply with
all reasonable requests of Seller regarding the preservation, collection and production of any documents or evidence that may be required by Seller in connection with the defense or prosecution of any Claims or other actions with respect to which
Seller has liability or responsibility hereunder. Seller shall permit Buyer and the Company and its Affiliates and their respective representatives to have reasonable access to and inquiry of all employees and other personnel who are employed,
retained or controlled by Seller Indemnitees who have relevant information regarding the Assets related to Obligations of Buyer or the Company under this Agreement. In addition, Seller shall make available to Buyer and the Company such books and
records relating to the Assets and the operation thereof as may be necessary for Buyer or Company to comply with its Obligations hereunder, and shall comply with all reasonable requests of Buyer or Company regarding the preservation, collection and

  
 - 15 -

 
production of any documents or evidence that may be required by Buyer and the Company in connection with the defense or prosecution of any Claims or other actions with respect to which Buyer or
the Company has liability or responsibility hereunder. 
 Article 6 

ENVIRONMENTAL INDEMNIFICATION 
 Section 6.1 Indemnification Provisions for Benefit of Buyer. If Closing occurs, Seller, shall indemnify, defend, save and hold harmless the Buyer Indemnitees from and against any Losses
actually suffered or incurred by them arising out of or related to: 
  

	 	(a)	the breach of any representation or warranty of Seller contained in this Agreement; 

 

	 	(b)	the breach of any covenants or agreements of Seller contained in this Agreement; and 

 

	 	(c)	Retained Environmental Liabilities. 

 No Claim
may be asserted nor may any action be commenced against Seller pursuant to this Section 6.1 unless written notice of such Claim or action is received by Seller describing in reasonable detail the facts and circumstances with respect to the
subject matter of such Claim or action, and with respect to Claims or actions based on the breach of representation or warranty, on or prior to the date such representation or warranty ceases to survive as set forth in Section 6.4; provided,
however, that no Claim may be asserted nor may any action be commenced by Buyer against Seller arising out of or related to a breach of any representation or warranty of which Buyer had knowledge on or prior to the Closing Date and for which Buyer
failed to deliver a Breach Notice in accordance with Section 2.5 hereof. If a Buyer Indemnitee has recovered any Losses pursuant to one subsection of this Section 6.1 or under the SPA, such Buyer Indemnitee shall not be entitled to recover
for the same Losses under another subsection of this Section 6.1 or under the SPA. 
 No claim may be made against Seller for
indemnification pursuant to Section 6.1(a) or (b): (i) with respect to any individual action, occurrence or event subject to the indemnifications thereunder (or group of related actions, occurrences or events) unless the aggregate Loss of
the Buyer Indemnitees with respect thereto exceeds $50,000 (nor shall any Loss below such threshold be applied to or considered for purposes of calculating the aggregate amount of the Buyer Indemnitees’ Losses) and (ii) unless the
aggregate amount of all Losses of the Buyer Indemnitees with respect to Section 6.1 (a) or (b) and under Section 12.2(a)(i) and Section 12.2(a)(ii) of the SPA shall exceed the Indemnification Deductible (after which Seller
shall be obligated only to indemnify the Buyer Indemnitees from and against aggregate Losses in excess of the Indemnification Deductible). The maximum amount that Seller shall be required to pay pursuant to Section 6.1 (a) in respect of
all Losses by all Buyer Indemnitees shall equal $42,500,000, after which point Seller will have no obligation to indemnify the Buyer Indemnitees from and against further such Losses; provided, however, such limit shall be reduced to the extent of
Losses paid by Seller pursuant to Section 12.2(a)(i) and Section 12.2(a)(ii) of the SPA. In addition, Seller shall have as an affirmative defense to any claim for indemnity under Section 6.1 (a) arising out of or related to a
breach of any representation or warranty of Seller under Article 2 that Buyer had knowledge of such breach on or prior to the Closing Date. 

  
 - 16 -

 Section 6.2 Indemnification Provisions for the Benefit of Seller. If Closing
occurs, Buyer and the Company agrees to indemnify, defend, save and hold harmless the Seller Indemnitees from and against any Losses actually suffered or incurred by them arising out of or related to: 

 

	 	(a)	the breach of any covenants or agreements of Buyer contained in this Agreement; and 

 

	 	(b)	Assumed Environmental Liabilities. 

 No Claim
may be asserted nor may any action be commenced against Buyer pursuant to this Section 6.2 unless written notice of such Claim or action is received by Buyer describing in reasonable detail the facts and circumstances with respect to the
subject matter of such Claim or action. If a Seller Indemnitee has recovered any Losses pursuant to one subsection of this Section 6.2 or under the SPA, such Seller Indemnitee shall not be entitled to recover the same Losses under another
subsection of this Section 6.2 or under the SPA. 
 No Claim may be made against Buyer for indemnification pursuant to Section 6.2(a):
(i) with respect to any individual action, occurrence or event subject to the indemnifications thereunder (or group of related actions, occurrences or events) unless the aggregate Loss of the Seller Indemnitees with respect thereto exceeds
$50,000 (nor shall any Loss below such threshold be applied to or considered for purposes of calculating the aggregate amount of the Seller Indemnitees’ Losses) and (ii) unless the aggregate amount of all Losses of the Seller Indemnitees
with respect to Section 6.2(a) and under Section 12.3(a)(i) and Section 12.3(a)(ii) of the SPA shall exceed the Indemnification Deductible (after which Buyer shall be obligated only to indemnify the Seller Indemnitees from and against
aggregate Losses in excess of the Indemnification Deductible). The maximum amount that Buyer shall be required to pay pursuant to Section 6.2(a) in respect of all Losses by all Seller Indemnitees shall equal $42,500,000, after which point Buyer
will have no obligation to indemnify the Seller Indemnitees from and against further such Losses; provided, however, such limit shall be reduced to the extent of Losses paid by Buyer pursuant to Section 12.3(a)(i) and Section 12.3(a)(ii)
of the SPA. 
 Section 6.3 Indemnification Procedures: Matters Involving Third Parties. A Seller Indemnitee or Buyer
Indemnitee, as the case may be (for purposes of this Section 6.3, an “Indemnified Party”), shall give the indemnifying party under Section 6.1 and Section 6.2, as applicable (for purposes of this Section 6.3, an
“Indemnifying Party”), prompt written notice of any matter which it has determined has given or could give rise to a right of indemnification under this Agreement stating the amount of the Loss, if known, and method of computation
thereof, containing a reference to the provisions of this Agreement in respect of which such right of indemnification is claimed or arises; provided, however, that the failure to provide such notice shall not release the Indemnifying Party from its
Obligations under this Article 6 except to the extent, and only to the extent, the Indemnifying Party is prejudiced by such failure or to the extent the survival period, if applicable, expires pursuant to Section 6.4 prior to the giving of such
notice. 

  
 - 17 -

	 	(a)	If any third party shall notify an Indemnified Party with respect to any matter (a “Third-Party Claim”) that may give rise to a claim for
indemnification against the Indemnifying Party under this Article 6, then the Indemnified Party shall promptly (and in any event within five (5) Business Days after receiving notice of the Third-Party Claim) notify the Indemnifying Party
thereof in writing; provided, however, that the failure to provide such notice shall not release the Indemnifying Party from its Obligations under this Article 6 except to the extent, and only to the extent, the Indemnifying Party is prejudiced by
such failure. 

  

	 	(b)	The Indemnifying Party will have the right to assume and thereafter conduct the defense of the Third-Party Claim with counsel of its choice reasonably satisfactory to
the Indemnified Party; provided, that the Indemnifying Party will not consent to the entry of any judgment or enter into any settlement with respect to the Third-Party Claim without the prior written consent of the Indemnified Party (not to be
unreasonably withheld) unless the judgment or proposed settlement involves only the payment of money damages and does not impose an injunction or other equitable relief upon the Indemnified Party or would reasonably be expected to have a material
adverse effect on the Indemnified Party. 

  

	 	(c)	Unless and until the Indemnifying Party assumes the defense of the Third Party Claim as provided in Section 6.3, the Indemnified Party may defend against the
Third-Party Claim in any manner it may reasonably deem appropriate. 

  

	 	(d)	In no event will the Indemnified Party consent to the entry of any judgment or enter into any settlement with respect to the Third- Party Claim without the prior
written consent of the Indemnifying Party (not to be unreasonably withheld), unless the Indemnified Party waives its right to indemnification under this Agreement. 

Section 6.4 Survival. Subject to the limitations and other provisions of this Agreement, the representations and warranties
of the parties hereto contained in this Agreement shall survive the execution of this Agreement and shall remain in full force and effect for a period of twenty-four (24) months after the Closing Date; provided, however any
indemnification Claim received by the Indemnifying Party within such twenty-four (24) month year period shall survive until the resolution of such Claim. 
 Section 6.5 Determination of Losses. The Losses giving rise to any indemnification obligation hereunder shall be reduced by any insurance or other proceeds actually received by

  
 - 18 -

 
the Indemnified Party as a result of the events giving rise to the claim for indemnification, net of any expenses related to the receipt of such proceeds, including retrospective premium
adjustments, if any and self-insured retentions. The amount of the indemnity payment shall be computed by taking into account the timing of the loss or payment, as applicable, at the Applicable Rate from the date the Indemnified Party provides
notice of the Loss to the Indemnifying Party until the date paid. Upon the request of the Indemnifying Party, the Indemnified Party shall provide the Indemnifying Party with information sufficient to allow the Indemnifying Party to calculate the
amount of the indemnity payment in accordance with this Section 6.5. An Indemnified Party shall take all reasonable steps to mitigate damages in respect of any Claim for which it is seeking indemnification and shall use reasonable efforts to
avoid any costs or expenses associated with such Claim and, if such costs and expenses cannot be avoided, to minimize the amount thereof; provided, that except as set forth in the immediately succeeding sentence, an Indemnified Party shall have no
obligation to make a claim for recovery against any insurer of such Indemnified Party with respect to any such Losses. Notwithstanding the foregoing, to the extent any Buyer Indemnitee has recourse against the environmental insurance policy to be
provided by Seller pursuant to Article 7 of this Agreement for any Losses otherwise payable by Seller under this Agreement, such Buyer Indemnitee shall be required to look first to such policy for recovery of such Losses before seeking payment from
Seller. 
 Section 6.6 Limitations on Liability. 
 BUYER ACKNOWLEDGES AND AGREES THAT, EXCEPT FOR FRAUD AND WILLFUL BREACH, THE REMEDIES SET FORTH IN THIS ARTICLE 6, INCLUDING THE LIABILITY LIMITS AND SURVIVAL PERIODS SET FORTH ABOVE ARE INTENDED TO BE,
AND SHALL BE, THE EXCLUSIVE REMEDIES OF THE BUYER INDEMNITEES WITH RESPECT TO ANY ASPECT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 

SELLER ACKNOWLEDGES AND AGREES THAT, EXCEPT FOR FRAUD AND WILLFUL BREACH, THE REMEDIES SET FORTH IN THIS ARTICLE 6, INCLUDING THE LIABILITY LIMITS AND
SURVIVAL PERIODS SET FORTH ABOVE, ARE INTENDED TO BE, AND SHALL BE, THE EXCLUSIVE REMEDIES OF THE SELLER INDEMNITEES WITH RESPECT TO ANY ASPECT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 

NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, NO PARTY HERETO SHALL BE ENTITLED TO RECOVER FROM ANY OTHER PARTY HERETO OR ANY OF
SUCH PARTY’S AFFILIATES ANY AMOUNT IN RESPECT OF EXEMPLARY, PUNITIVE, SPECIAL, INDIRECT, CONSEQUENTIAL, REMOTE OR SPECULATIVE DAMAGES, INCLUDING LOST PROFITS; EXCEPT, HOWEVER, WITH RESPECT TO ANY OF THE FOREGOING PAID OR OWING TO A THIRD PARTY
WITH RESPECT TO A THIRD PARTY CLAIM, WHICH DAMAGES SHALL BE CONSIDERED PART OF LOSSES AND SHALL BE COVERED BY THE INDEMNIFICATIONS SET FORTH IN THIS ARTICLE 6. 
 UNLESS OTHERWISE SPECIFICALLY RETAINED BY SELLER IN THIS AGREEMENT, ANY CLAIMS OR LITIGATION BROUGHT AFTER CLOSING BASED UPON ANY 

  
 - 19 -

 
INJURY, ACCIDENT, EXPOSURE OR OTHER EVENTS THAT OCCUR AFTER CLOSING, EVEN IF CAUSED, IN WHOLE OR IN PART, BY A CONDITION OF THE REFINERY OR ASSETS THAT EXISTED ON OR BEFORE CLOSING; AND (II)
WITHOUT LIMITING BUYER’S RECOURSE HEREUNDER FOR SELLER’S BREACH OF ANY OF THE REPRESENTATIONS SET FORTH ABOVE, ANY FINES, FEES, PENALTIES OR SANCTIONS ASSESSED OR IMPOSED BY A GOVERNMENTAL AUTHORITY AFTER CLOSING BASED UPON OR RESULTING
FROM THE CONDITION OF THE REFINERY OR ASSETS AFTER CLOSING, INCLUDING THE FAILURE OF THE REFINERY OR ASSETS TO COMPLY WITH ANY ENVIRONMENTAL LAW, EVEN IF SUCH CONDITION EXISTED ON OR BEFORE CLOSING, SHALL BE BUYER’S AND COMPANY’S
RESPONSIBILITY. NOTWITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT TO THE CONTRARY, BUT EXCEPTING SELLER’S RETAINED ENVIRONMENTAL LIABILITIES AND OBLIGATIONS OF SELLER UNDER SECTION 3.5 OF THIS AGREEMENT, SELLER SHALL HAVE NO INDEMNIFICATION
OR DEFENSE OBLIGATION FOR POST-CLOSING LOSSES RELATED TO SAFETY (INCLUDING PROCESS SAFETY MANAGEMENT) THAT WOULD NOT OTHERWISE ARISE OR EXIST BUT FOR THE COMPANY’S CONTINUED OPERATION OF THE REFINERY. 

EXCEPT IN THE CASE OF FRAUD, ALL RELEASES, DISCLAIMERS, LIMITATIONS ON LIABILITY AND INDEMNITIES IN THIS AGREEMENT, INCLUDING THOSE IN THIS ARTICLE 6,
SHALL APPLY EVEN IN THE EVENT OF THE SOLE, JOINT AND/OR CONCURRENT, ACTIVE OR PASSIVE NEGLIGENCE, STRICT LIABILITY OR FAULT OF THE PARTY WHOSE LIABILITY IS RELEASED, DISCLAIMED, LIMITED OR INDEMNIFIED. 

Article 7 

ENVIRONMENTAL INSURANCE 

In consideration of this Agreement, at Closing, Seller shall procure coverage for the Refinery and the assets of the Pipeline Company (as defined in the
SPA), and shall deliver to Buyer a Pollution Legal Liability Policy in the form attached as Exhibit D, naming Company and Buyer as the named insureds and Seller and its Affiliates as additional insureds and providing seventy-five million
Dollars ($75,000,000) in coverage, subject to a one million Dollars ($1,000,000) self-insured retention. Seller will pay up to one million dollars ($1,000,000.00) of the policy premium. To the extent the cost of the premium exceeds one million
dollars, Seller and Buyer shall split the costs equally. Buyer and the Company shall waive all rights of subrogation against Seller and its Affiliates under such policy, and such policy shall not constitute one of the Seller Policies. The parties
shall look first to such policy for all Retained Environmental Liabilities, and Seller shall have no liability or Obligations in connection therewith, to the extent paid by the insurer under such policy. Notwithstanding any other provisions in this
Agreement to the contrary, Company and Buyer shall take commercially reasonable efforts to comply with requirements imposed on them by the insurance described in this Article 7. 

  
 - 20 -

 Article 8 
 GOVERNING LAW AND DISPUTE RESOLUTION 
 Section 8.1 Choice of Law:
Dispute Resolution. This Agreement shall be construed (both as to validity and performance), interpreted and enforced in accordance with, and governed by, the Laws of the State of New York, without regard to conflicts of laws rules as applied in
New York, All controversies or disputes arising out of and related to this Agreement shall be resolved in accordance with the dispute resolution procedures set forth in Exhibit D of the SPA. 

Section 8.2 Jurisdiction; Consent to Service of Process; Waiver. Each of the Parties hereto agrees, subject to
Section 8.1, that it shall bring any action or proceeding in respect of any Claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any federal or state court in the State of
New York and solely in connection with such Claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any objection to laying venue in any such action or proceeding in such courts, (iii) waives
any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar
form of mail), postage prepaid, to it at its address specified in Section 9.2 of the Agreement. The foregoing consents to jurisdiction and service of process shall not constitute general consents to service of process in the State of New York
for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the SPA) other than the Parties hereto. Each of the Parties hereto knowingly and intentionally, irrevocably and
unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 
 Section 8.3 Availability of Equitable Relief. Each of the Parties hereto recognizes that irreparable injury may result from a breach of any provision of this Agreement and that money damages
may be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to the dispute resolution procedures set forth in Exhibit C of the SPA shall have the power to grant temporary or permanent
injunctive or other equitable relief. Notwithstanding Section 8.2, prior to the appointment of the arbitrators, a party hereto may, subject to this Section 8,3, seek temporary injunctive relief from any court of competent jurisdiction;
provided that the party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court ordered relief shall not continue more than ten
(10) days after the appointment of the arbitrators (or in any event for longer than sixty (60) days). 
 Article 9

 MISCELLANEOUS 
 Section 9.1 Amendment. This Agreement may not be amended except by an instrument in writing executed and delivered by the parties hereto. 

  
 - 21 -

 Section 9.2 Notices. All notices and other communications that are required to be or
may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by registered or certified mail (postage prepaid, return receipt requested) to the relevant party
hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Seller: 

Valero Refining and Marketing Company 
 c/o Valero Energy Corporation 
 One Valero Way 

San Antonio, Texas 78249 
 Attention: Executive Vice President and General Counsel 
 Telephone:
(210) 345-2246 
 Facsimile: (210)345-2622 
 If to Buyer: 
 PBF Holding Company LLC 

One Sound Shore Drive, Suite 303 
 Greenwich, CT 06830 
 Attention: General Counsel 

Telephone: 203-629-1577 
 Facsimile: 203-629-1606 
 or to such other address or facsimile number as any party may, from time
to time, designate in a written notice given in accordance with Section 9.2. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by
facsimile transmission, upon actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours, or
(c) if mailed, upon the earlier of five (5) days after deposit in the mail and the date of delivery as shown by the return receipt therefore. 
 Section 9.3 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

Section 9.4 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect, and the invalid, illegal or unenforceable provision shall be reformed to the minimum extent required to
render such provision valid, legal and enforceable and in a manner so as to preserve the economic and legal substance of the transactions contemplated hereby to the fullest extent permitted by Law. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the
end that transactions contemplated hereby are fulfilled to the extent possible. 

  
 - 22 -

 Section 9.5 Assignment. This Agreement shall not be assigned by any party hereto
(including by operation of law or otherwise) except with the prior written consent of the other parties hereto. Any purported assignment of this Agreement in violation of this Section 9.5 shall be null and void. 

Section 9.6 Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each party hereto
and its permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement; except,
that the Seller Indemnitees and the Buyer Indemnitees shall be third party beneficiaries of the indemnifications provided for in Article 6. 
 Section 9.7 Failure or Indulgence Not Waiver. No failure or delay on the part of any party hereto in the exercise of any right hereunder shall impair such right or be construed to be a waiver
of, or acquiescence in, any breach of any representation, warranty, covenant or agreement herein, nor shall any single or partial exercise of any such right preclude other or further exercise thereof or of any other right. 

Section 9.8 Time of the Essence. Time is of the essence in this Agreement. If the date specified in this Agreement for giving
any notice or taking any action is not a Business Day (or if the period during which any notice is required to be given or any action taken expires on a date which is not a Business Day), then the date for giving such notice or taking such action
(and the expiration date of such period during which notice is required to be given or action taken) shall be the next day which is a Business Day. 
 Section 9.9 Counterparts. This Agreement may be executed in multiple counterparts and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to
be an original but all of which taken together shall constitute one and the same agreement. Signed counterparts of this Agreement may be delivered by facsimile and by scanned pdf image; provided that each party hereto uses commercially reasonable
efforts to deliver to each other party hereto original signed counterparts as soon as possible thereafter. 

Section 9.10 Further Assurances. Both Seller and Buyer agree to execute and deliver, from time to time, such other and
additional instruments, notices, transfer orders and other documents, and to do all such other and further acts and things as may be necessary to effect the purposes of this Agreement. 

Section 9.11 Entire Agreement; Conflict of Terms. This Agreement and any portion of the SPA containing a defined term
incorporated herein by reference, all of which are hereby incorporated by reference, contains the entire agreement between the Parties and supersedes any prior agreement pertaining to the subject matter of this Agreement. This Agreement provides the
sole and exclusive remedies and governing terms as to any Environmental Liability. If there is a conflict between the SPA and this Agreement or there are any remedies that could be provided under both the SPA and this Agreement, then the terms of
this Agreement will control and only the remedies provided in this Agreement shall be provided. 

  
 - 23 -

 Section 9.12 Termination. Notwithstanding anything to the contrary herein, this
Agreement (other than Section 6.6 and Article 8) shall automatically expire and terminate upon the termination of the SPA pursuant to Article 11 thereof, whereupon (a) there shall be no liability on the part of Seller, Seller Guarantor,
Buyer or Buyer Guarantor, or any of their respective Affiliates or any of their respective officers or directors, to any other party, and (b) all rights and Obligations of any party hereto shall cease; provided, however, that any such
termination shall not relieve Seller, Seller Guarantor, Buyer or Buyer Guarantor from liability for any willful and material breach of this Agreement occurring prior to such termination. The termination of this Agreement shall have no effect on the
provisions of the Confidentiality Agreement. 
 [Signatures follow on next page] 

  
 - 24 -

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the Effective Date.

  

			
	VALERO REFINING AND MARKETING
COMPANY
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	PBF HOLDING COMPANY LLC
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [Signature Page to Paulsboro Environmental Agreement] 

 EXHIBIT F 
 TO 
 STOCK PURCHASE AGREEMENT 

FEEDSTOCK AND PRODUCT INVENTORY SALES AGREEMENT 
 THIS FEEDSTOCK AND PRODUCT INVENTORY SALES AGREEMENT (this “Agreement”), is made and entered into as of
[            ], 2010 (the “Effective Date”), by and between VALERO MARKETING AND SUPPLY COMPANY, a Delaware corporation (“Seller”) and PBF
HOLDING COMPANY LLC, a Delaware limited liability company (the “Buyer”) (collectively, the “Parties”). 
 RECITALS 
 A. Buyer, and Valero Refining and Marketing Company, a Delaware
corporation (“VRMC”). have entered into a Stock Purchase Agreement, dated as of [            ], 2010 (the “SPA”), pursuant to which VRMC will sell and
transfer, and Buyer will purchase and acquire, the Shares (as defined in the SPA) and, as such, Buyer will indirectly acquire the Refinery (as defined in the SPA) and certain related, tankage and logistics assets (collectively, the “Refinery
Logistics Assets”). VRMC is an affiliate of Seller. 
 B. Seller has historically provided feedstock to the owner of
the Refinery for use in its operations, and Seller has maintained title to and ownership of the products produced by the Refinery (such feedstocks and products are more particularly defined herein as the “Feedstock and Products
Inventory”). In connection with consummation of the transactions contemplated by the SPA, Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, all of Seller’s right, title, and interest in and to the Feedstock
and Products Inventory. At Closing, Buyer may concurrently sell or assign the Feedstock and Products Inventory to certain third parties who will directly pay Seller for such inventory that they purchase from Buyer, provided, however, Buyer shall
remain responsible for all Closing payments to Seller. 
 C. Seller and Buyer desire to enter into this Agreement to set forth
their agreements regarding the protocols to be used for measuring the quantity and quality of the Feedstock and Products Inventory and certain other inventories of feedstocks consumed and products produced at the Refinery, and to establish the
prices to be paid by Buyer to Seller for the Feedstock and Products Inventory. 
 D. As a condition precedent to Closing under
the SPA, Buyer and VMRC require the execution of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing premises,
the mutual promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, subject to the terms and conditions hereinafter set forth, agree as follows:

  
 - 1 -

 SECTION 1: DEFINITIONS 

1.1 Definitions. The following terms shall have the following meanings for the purposes of this Agreement: 

1.1.1 “Affiliate” has the same meaning as that term is defined in the SPA. 

1.1.2 “Argus” means the various daily reports published by Argus Media Group including the Argus International Crude
Report and the U.S. Products Report. 
 1.1.3 “Agreement” has the meaning set forth in the introductory
paragraph immediately preceding the Introduction. 
 1.1.4 “Asphalt Terminals” means the following asphalt
terminals: the Apex Terminal in Baltimore, MD and the Kinder Morgan Terminal in Richmond, VA. 
 1.1.5 “Barrel”
means 42 United States standard gallons of 231 cubic inches at 60 degrees Fahrenheit and one atmosphere of pressure (14.696 PSIA). 
 1.1.6 “Business Day” has the same meaning as that term is defined in the SPA. 
 1.1.7 “Buyer” has the meaning set forth in the introductory paragraph immediately preceding the Introduction. 
 1.1.8 “Closing” has the same meaning as that term is defined in the SPA. 
 1.1.9 “Closing Date” has the same meaning as that term is defined in the SPA. 
 1.1.10 “Crude Oil In-Tankage” means all volumes of crude oil and refinery feedstock that Seller has title to on or before the Inventory Transfer Time which are located within the Refinery
Tankage and the Third-Party Tankage or Storage. 
 1.1.11 “Crude Oil In-Transit Inventory” means those volumes
of crude oil and feedstock that Seller either has title to or has purchased on or before the Inventory Transfer Time that are scheduled for delivery to the Refinery, the Refinery Tankage, or the Third-Party Tankage or Storage, but which have not, as
yet, been delivered to the Refinery, any Refinery Tankage, or any Third-Party Tankage or Storage as of the Inventory Transfer Time, and which volumes or deliveries the Parties have expressly agreed to be included as part of the Feedstock and
Products Inventory (as detailed further herein), which will include, without limitation, Seller’s crude oil and feedstock as is located, in pipelines, barges, and vessels. 

1.1.12 “Effective Date” has the meaning set forth in the introductory paragraph immediately preceding the Introduction.

 1.1.13 “Estimated Feedstock and Products Inventory Sales Amount” means the amount specified in a notice from
Seller to Buyer no later than three (3) Business Days prior to the Closing, being Seller’s reasonable good faith estimate of the Final Feedstock and Products Inventory Sales Amount, as determined in accordance with the procedures set forth
in Section 3 and Exhibit A of this Agreement. Such notice shall also include Seller’s calculations used to determine the Estimated Feedstock and Products Inventory Sales Amount, which shall be provided in an Excel spreadsheet.

  
 - 2 -

 1.1.14 “Feedstock and Products Inventory” means all (i) In-Tankage
Inventory, (ii) In-Transit Inventory, (iii) Refinery OSBL Line Fill and (iv) any volumes of the Products identified in Part II of Exhibit A which are in the physical possession of Seller or Company and located within the
Refinery as of the Inventory Transfer Time; in all cases which, as of the Inventory Transfer Time shall be subject to the physical inventory procedures set forth in Exhibit A hereto and the pricing adjustments set forth in Section 3. The
definition of Feedstock and Products Inventory herein shall not mean nor include, and expressly excludes, all Refinery and Unit Process Chemicals and Catalyst, Unit Fill and the Retained Feedstock and Products. 

1.1.15 “Feedstock and Products Sales Amount Adjustment” has the meaning set forth in Section 3.1.6 of this
Agreement. 
 1.1.16 “Feedstock and Products Sales Statement” has the meaning set forth in Section 3.1.5
of this Agreement. 
 1.1.17 “Final Feedstock and Products Inventory Sales Amount” means the amount of the
Feedstock and Products Inventory as determined in accordance with the procedures described in Section 3 and Exhibit A of this Agreement. 
 1.1.18 “Final Inventory Report” has the meaning set forth in Section 3.1.4 of this Agreement. 
 1.1.19 “Finished Product In-Tankage” means all volumes of finished or refined Products that Seller has title to and are located within the Refinery Tankage and the Third-Party Tankage or
Storage as of the Inventory Transfer Time. 
 1.1.20 “Finished Product In-Transit” means all volumes of
finished or refined Products that Seller has title to which are, as of the Inventory Transfer Time, located in the Jet Pipeline, NuStar Pipeline or the Plains Pipeline, or in the case of lubes extracts, in any railcars, barges, tank trucks or other
facilities outside the Refinery and have not yet been delivered to any Third Party Tankage or Storage or in the case of certain lube Products to be transloaded, which have not yet been transloaded at the transload terminal or facility. 

1.1.21 “Gallon” means one standard United States gallon of 231 cubic inches at 60 degrees Fahrenheit and one atmosphere
of pressure (14.696 PSIA). 
 1.1.22 “In-Transit Inventory” means the Crude Oil In-Transit Inventory.

 1.1.23 “In-Tankage Inventory” means the Crude Oil In-Tankage and the Finished Product In-Tankage.

 1.1.24 “Inventory Committee” has the meaning set forth in Section 3.1.1 of this Agreement. 

  
 - 3 -

 1.1.25 “Inventory Schedule” has the meaning set forth in Section 3.1.1
of this Agreement. 
 1.1.26 “Inventory Transfer Time” means 00:00:01 A.M., local time, on the Closing Date.

 1.1.27 “Jet Line” means the jet fuel pipeline which runs from the Refinery to the Philadelphia Airport which
is owned and operated by Buckeye Pipeline. 
 1.1.28 “NuStar Line” means the product line which runs from the
Refinery to the NuStar Terminal. 
 1.1.29 “NuStar Terminal” means the refined product distribution terminal
owned by NuStar and located adjacent to the Refinery at 7 North Delaware Street, Paulsboro, NJ. 
 1.1.30
“OPIS” means Oil Price Information Service. 
 1.1.31 “Parties” and “Party”
have the meanings set forth in the introductory paragraph immediately preceding the Introduction. 
 1.1.32 “Plains
Line” means the ethanol pipeline which runs from the Plains Terminal to the NuStar Terminal. 

1.1.33 “Plains Terminal” means the ethanol distribution terminal owned by Plains and located
adjacent to the Refinery at 3rd Street and Billingsport,
Paulsboro, NJ. 
 1.1.34 “Platt’s” means Platt’s Oilgram Price Report. 

1.1.35 “Permitted Liens” has the same meaning as that term is defined in the SPA. 

1.1.36 “Petroleum Inspection Company” has the meaning set forth in Section 3.1.1 of this Agreement. 

1.1.37 “Products” means all crude oil, feedstock, and products that are currently used and/or produced in the ordinary
course of the business conducted at the Refinery. 
 1.1.38 “Refinery” has the same meaning as that term is
defined in the SPA. 
 1.1.39 “Refinery OSBL Line Fill” means the Products that Seller has title to which are,
as of the Inventory Transfer Time, located in any pipeline or lateral located within the boundaries of the Refinery, but outside the battery limits of the refining or processing units within the Refinery, as further identified by product and volume
on Exhibit C attached hereto. The definition of Refinery OSBL (outside battery limits) Line Fill expressly excludes any In- Transit Inventory and In-Tankage Inventory. 
 1.1.40 “Refinery Tankage” means and includes all tankage (and in the case of certain specialty products, all staging areas, sulfur pits or other storage facilities) which is used

  
 - 4 -

 
for the storage of Products and is located within the boundaries of the Refinery; including any segment of any pipe or conveyor used to move such Products into and out of such tankage or
facilities which is attached to, and is situated only in the immediate vicinity of, such tankage or facilities. 
 1.1.41
“Retained Feedstock and Products” means all of the following types of Products: (i) those volumes of refined Products that Seller either has title to or has sold to any third party on or before the Inventory Transfer Time and
which have already been either loaded or removed from and delivered out of the Refinery Tankage and the Refinery as of the Inventory Transfer Time, but in all cases excluding any Finished Product In-Transit or refined Products located within the
Third-Party Tankage or Storage; (ii) those volumes of asphalt Products in transit to or located at the Asphalt Terminals as of the Inventory Transfer Time; (iii) all Petcoke inventory; and (iv) all Finished Lubes inventory, as of the
Inventory Transfer Time. 
 1.1.42 “Seller” has the meaning set forth in the introductory paragraph immediately
preceding the Introduction. 
 1.1.43 “SPA” has the meaning set forth in the Introduction. 

1.1.44 “Tank Heels” means the greater of: a) volume of Product below the lowest suction in a tank, unless the tank is
equipped with a regular side entry pipe in which case “Tank Heels” means the volume below the middle of the lowest suction in such tank, or b) the volume required to safely float a roof in a floating roof tank. 

1.1.45 “Third-Party Tankage or Storage” means each of the third-party owned and/or operated storage tanks, underground
storage caverns facilities described on Exhibit B. The term “Third-Party Tankage or Storage” includes any segment of any pipe used to move such Products into and out of such tankage or storage which is attached to, and is situated
only in the immediate vicinity of, such tankage or storage. 
 1.1.46 “Unit Fill” means all volumes of Products
that Seller has title to which is, as of the Inventory Transfer Time, located at or contained in any part or portion of any refining or processing unit located within the boundaries of the Refinery, but excludes the Refinery OSBL Line Fill and any
products contained in the Refinery Tankage. 
 All capitalized terms used, but that are not otherwise defined, in the body of
this Agreement shall have the meanings ascribed to such terms in the SPA. 

  
 - 5 -

 SECTION 2: ASSIGNMENT AND CONVEYANCE 

2.1 Assignment and Conveyance. Seller hereby SELLS, ASSIGNS, TRANSFERS, and DELIVERS unto Buyer, its successors and assigns
forever, all of Seller’s right, title, and interest in and to all of the Feedstock and Products Inventory and Unit Fill TO HAVE AND TO HOLD, all of Seller’s right, title, and interest in and to the Feedstock and Products Inventory and Unit
Fill, together with all and singular the rights and appurtenances thereto in anywise belonging, unto Buyer and Buyer’s successors and assigns forever. Seller, for itself, its successors and assigns, covenants and agrees to warrant and forever
defend good title to the Feedstock and Products Inventory, free and clear of all liens, against the claims of all parties claiming the same by, through, or under Seller, but not otherwise, 

2.2 Warranties and Representations of Seller; Disclaimer of Warranties. EXCEPT FOR THE FOREGOING LIMITED SPECIAL WARRANTY
OF TITLE, THIS CONVEYANCE IS MADE AND ACCEPTED WITHOUT ANY WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, REGARDING THE FEEDSTOCK AND PRODUCTS INVENTORY AND UNIT FILL INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS
TO THE CONDITION OR MERCHANTABILITY OF SUCH COMMODITY OR FITNESS OF ANY SUCH COMMODITY FOR A PARTICULAR PURPOSE, ALL OF WHICH ARE HEREBY DISCLAIMED. BUYER SHALL ACCEPT ALL OF THE FEEDSTOCK AND PRODUCTS INVENTORY AND UNIT FILL IN ITS “AS IS,
WHERE IS” CONDITION AND “WITH ALL FAULTS. 
 SECTION 3: TIMELINE 

3.1 Timeline. The Parties anticipate that the following events will occur in the manner and sequence set forth as follows:

 3.1.1 Inventory Committee. An inventory committee (the “Inventory Committee”) consisting of a
representative of each of Buyer and Seller and a mutually agreeable independent petroleum inspection company (the “Petroleum Inspection Company”) shall be established to prepare and conduct the physical inventory measurement
pursuant to the procedures set forth in Exhibit A. As of the Effective Date of this Agreement, Buyer and Seller shall each designate their respective Inventory Committee representatives, and the representatives shall agree upon and appoint
the Petroleum Inspection Company. Promptly upon appointment of the Petroleum Inspection Company, Seller shall provide Buyer and the Petroleum Inspection Company with all information relating to the Feedstock and Products Inventory, including tank
and product types, which is necessary to design and carry out an effective physical inventory in the manner set forth in Exhibit A. The Inventory Committee shall use this information to develop a mutually agreed upon gauging and sampling
schedule by location and tank (the “Inventory Schedule”). The Inventory Schedule shall be approved by the Inventory Committee no later than five (5) Business Days prior to Closing. The physical inventory measurement shall then
be conducted in accordance with the Inventory Schedule and the provisions of Exhibit A. 

  
 - 6 -

 3.1.2 Delivery of Estimated Feedstock and Products Inventory Sales Amount. No later
than three (3) Business Days prior to the Closing, Seller shall deliver to Buyer the Estimated Feedstock and Products Inventory Sales Amount. 
 3.1.3 Payment of Estimated Feedstock and Products Inventory Sales Amount. At the Closing, in consideration of Seller’s assignment and conveyance of the Feedstock and Products Inventory, Buyer
shall pay to Seller, by wire transfer or delivery of other immediately available funds, the Estimated Feedstock and Products Inventory Sales Amount. 
 3.1.4 Inventory Report. Within ten (10) Business Days after the Closing Date, the Petroleum Inspection Company shall provide the Parties with a physical inventory report setting forth the
quantity (which shall be temperature, API gravity, bottom sediment & water (BS&W), and pressure corrected) and qualitative laboratory results of the Feedstock and Products Inventory (excluding In-Transit Inventory, Refinery OSBL Line
Fill, and Retained Feedstock and Products). 
 During a fifteen (15) day review period following receipt by both Parties of
the physical inventory report, either Party may question the calculations and/or laboratory results set forth therein and the members of the Inventory Committee shall resolve any outstanding quantity and quality disputes. At the end of such review
period and following resolution of all quantity and quality disputes, the quantity and quality entries set forth in the adjusted physical inventory report, for each of the Feedstock and Products Inventory, will become the official quantity and
quality measurements of the Feedstock and Products Inventory as of the Inventory Transfer Time and the physical inventory report, as may be revised pursuant to the foregoing, will become the “Final Inventory Report”. 

3.1.5 Feedstock and Products Sales Statement. On or before ninety (90) days after the Closing Date, Seller shall calculate
the Final Feedstock and Products Inventory Sales Amount by using (i) the quantity and quality measurements set forth in the Final Inventory Report prepared in accordance with Section 3.1.4 and Exhibit A, and (ii) with
respect to any Crude Oil In-Transit Inventory, bills of lading, shore meters or other appropriate statements evidencing the volume thereof. The various quantities set forth therein shall be multiplied by the relevant price formulas set forth in
Part II of Exhibit A, and Seller shall deliver to Buyer a statement (the “Feedstock and Products Sales Statement”) setting forth the Final Feedstock and Products Inventory Sales Amount, together with supporting
calculations and documentation used to determine the Final Feedstock and Products Inventory Sales Amount. Unless Buyer gives notice to Seller on or before thirty (30) calendar days after Buyer’s receipt of the Feedstock and Products
Inventory Sales Statement that Buyer disputes the Final Feedstock and Products Inventory Sales Amount specified in the Feedstock and Products Sales Statement, the Final Feedstock and Products Inventory Sales Amount shall be as specified in the
Feedstock and Products Sales Price Statement. If Buyer gives timely notice to Seller that it disputes the Final Feedstock and Products Inventory Sales Price (or the final quantity or price of In-Transit Inventory) specified in the Feedstock and
Products Sales Price Statement, Seller and Buyer shall consult in good faith and use all reasonable efforts to agree upon the calculation of the Final Feedstock and Products Inventory Sales Price. If Seller and Buyer have not agreed on the Final
Feedstock and Products Inventory Sales Price within fifteen (15) calendar days after Seller’s receipt of Buyer’s dispute notice, either Seller or Buyer shall have the right to submit such

  
 - 7 -

 
matters as remain in dispute to Grant Thornton or Baker O’Brien (depending on the issues in dispute) as Seller and Buyer shall mutually agree, for final resolution, which resolution shall be
binding upon Seller and Buyer, and judgment upon which may be entered in any court having jurisdiction over the Party against which such determination is sought to be enforced. Such firm’s determination shall be in the form of a written opinion
as is appropriate under the circumstances and shall confirm that it was rendered in accordance with this Section 3.1.5 and Exhibit A. The fees and expenses of such firm for its services in resolving such dispute shall be borne equally by
Seller and Buyer, 
 3.1.6 Feedstock and Products Sales Amount Adjustment. Upon final determination
of the Final Feedstock and Products Inventory Sales Amount pursuant to Section 3.1.5, a true-up adjustment including interest at the Applicable Rate from the Closing Date will be made in accordance with the provisions of this
Section 3.1.6 (the “Feedstock and Products Sales Amount Adjustment”). If the Final Feedstock and Products Inventory Sales Amount is greater than the Estimated Feedstock and Products Inventory Sales Amount paid by Buyer
at Closing, Buyer shall make an additional payment to Seller in an amount equal to the amount by which the Final Feedstock and Products Inventory Sales Amount, as finally agreed upon pursuant to Section 3.1.5, exceeds the Estimated
Feedstock and Products Inventory Sales Amount, which payment shall be made by wire transfer or delivery of other immediately available funds on or before the fifth (5th) Business Day after the final determination of the Feedstock and Products Sales Amount Adjustment. If the Final
Feedstock and Products Inventory Sales Amount is less than the Estimated Feedstock and Products Inventory Sales Amount paid by Buyer at Closing, Seller shall make a payment to Buyer in an amount equal to the amount by which the Estimated Feedstock
and Products Inventory Sales Amount exceeds the Final Feedstock and Products Inventory Sales Amount, as finally agreed upon pursuant to Section 3.1.5, which payment shall be made by wire transfer or delivery of other immediately
available funds on or before the fifth (5th) Business
Day after the final determination of the Feedstock and Products Sales Amount Adjustment. 
 3.1.7 Access to Records and
Audit. From the Closing Date through sixty (60) days after the Buyer’s receipt of the Final Feedstock and Products Inventory Sales Price Statement, the Parties shall afford each other access, at all reasonable times, to the relevant
personnel, properties and books and records, and working papers for the purpose of auditing and verifying the accuracy of the physical inventory and feedstock and product inventory sales prices. 

  
 - 8 -

 SECTION 4: IN-TRANSIT INVENTORY 

The Parties expressly agree the deliveries of In-Transit Inventory shall be included as part of the Feedstock and Products Inventory. The In-Transit
Inventory shall be deemed to include (i) crude oil cargo of any ship (whether or not loaded prior to the Closing Date) that has been identified and agreed by representatives of Seller and Buyer prior to the Closing Date for delivery to the
Refinery and the Refinery Tankage following the Closing Date and (ii) subject to the requirements of the Agreement, the crude oil cargo of any ship to be processed at the Refinery (A) that Seller or any of its Subsidiaries purchases (or
enter into a contract to purchase) for processing at the Refinery prior to the Closing Date in the ordinary course of business of the Company, and (B) in respect of which prior to the Closing the Seller has provided the Buyer with written
notice. For purposes of clarification, it is agreed that the entire cargo of any ship that has started but not completed delivery of crude oil as of the Inventory Transfer Timing shall be considered In-Tankage Inventory. Each cargo of In-Transit
Inventory purchased on a delivered basis shall be considered as part of the Feedstock and Products Inventory only to the extent of actual outturn volume, which results from the completed delivery of such In-Transit Inventory to the Refinery and the
Refinery Tankage, respectively. The actual outturn volume for In-Transit Inventory purchased on a delivered basis will be based on tank gauges at the appropriate facilities and the protocols and procedures applicable to the quantification and
valuation of such In-Transit Inventory upon the conclusion of the delivery of such In-Transit Inventory to the Refinery and the Refinery Tankage in the same manner in which is applicable to In-Tankage Inventory as of the Inventory Transfer Timing.
Each Crude Oil cargo of In-Transit Inventory purchased on a FOB basis shall be considered as part of the Feedstock and Products Inventory only to the extent of volume reflected in the bill of lading for such In-Transit Inventory. 

SECTION 5: BATH BUTANE SUPPLY 
 5.1 Bath Butane Supply. The Parties acknowledge that Seller has entered into a buy sell arrangement with Plains Marketing Canada, LP (“Plains”) whereby Seller has sold to Plains
under Sales Contract number 40249582 (the “Plains Sales Contract”) [REDACTED] barrels of Mixed Butane (approximately [REDACTED] barrels per month during the period April 1, 2010 through August 31, 2010) for storage at
Plain’s Bath NY Storage Facility (the “Bath Storage Facility”), and Seller is obligated to purchase from Plains under Purchasing Contract number 4200079667 (the “Plains Purchase Contract”) [REDACTED] barrels of
Mixed Butane (approximately [REDACTED] barrels per month during the period beginning October 1, 2010 through February 28, 2010 for use by the Refinery) from storage at the Bath Storage Facility. The Plains Sales Contract and the Plains
Purchase Contract will not be assigned to Buyer at Closing; however, Buyer hereby agrees to purchase from Seller and Seller hereby agrees to sell to Buyer the remaining volumes of Butane to be sold under the Plains Purchase Contract pursuant to the
terms and conditions set forth on Exhibit “D” attached hereto. 
 SECTION 6: MISCELLANEOUS 

6.1 Assignment. The provisions of this entire Agreement shall be binding upon the respective successors and permitted
assigns of each of the Parties hereto. Neither Party may assign this Agreement to a third party without the prior written consent of the other Party, which consent may not be unreasonably withheld, delayed, or conditioned; provided,
however, that without the consent of the other Party, either Party may assign its rights and obligations under this Agreement to its parent entity, subsidiary, or Affiliates. 

  
 - 9 -

 6.2 Notices. All notices and other communications that are required to be or
may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by registered or certified mail (postage prepaid, return receipt requested) to the relevant Party
hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Seller: 

Valero Marketing and Supply Company 
 One Valero Way 
 Mail Station B2E-183 

San Antonio, Texas 78249-1616 

			
	Attention:	 	Executive Vice President – Corporate Development
	Telephone:	 	(210) 345-2410
	Facsimile:	 	(210)345-2270

 If to Buyer: 
 PBF Holding Company LLC 
 One Sound Shore Drive, Suite 303 

Greenwich, CT 06830 

			
	Attention:	 	Senior Vice President – General Counsel
	Telephone:	 	(203)629-1577
	Facsimile:	 	(203) 629-1606

 or to such other address or facsimile number as Seller or Buyer may, from time to time, designate in a written notice
given in accordance with this Section 5.2. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon
actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next business day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the
earlier often (10) days after deposit in the mail and the date of delivery as shown by the return receipt therefore. 
 6.3
Choice of Law; Dispute Resolution. This Agreement shall be construed, interpreted and the rights of the parties determined in accordance with the laws of the State of New York, exclusive of its conflict of laws principles. All
controversies or disputes arising out of and related to this Agreement shall be resolved in accordance with the dispute resolution procedures set forth in Exhibit D of the SPA. 

6.4 Jurisdiction; Consent to Service of Process; Waiver. Each of the Parties hereto agrees, subject to
Section 5.6. that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any federal or state court in the State of
New York and solely in 

  
 - 10 -

 
connection with such claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any objection to laying venue in any such action or proceeding in
such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 5.2 of the Agreement. The foregoing consents to jurisdiction and service of process shall not constitute general consents to
service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the SPA) other than the Parties hereto. Each of the Parties hereto knowingly and
intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 
 6.5 Availability of Equitable Relief. Each of the Parties hereto recognizes that irreparable injury will result from a breach of any provision of this Agreement and that money damages will
be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to Section 6.3 shall have the power to grant temporary or permanent injunctive or other equitable relief.
Notwithstanding Section 6.3, prior to the appointment of the arbitrators, a party hereto may, subject to this Section 6.5, seek temporary injunctive relief from any court of competent jurisdiction; provided that the
party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court ordered relief shall not continue more than 10 days after the
appointment of the arbitrators (or in any event for longer than 60 days). 
 6.6 Amendment. This Agreement may not
be amended except by an instrument in wilting executed and delivered by the Parties hereto. 
 6.7 Severability.
In the event any portion of this Agreement shall be found by a court of competent jurisdiction to be unenforceable, that portion of this Agreement will be null and void and the remainder of this Agreement will be binding on the Parties as if the
unenforceable provisions had never been contained herein. 
 6.8 Waiver; Limitation of Liability. The delay or
failure of any Party to enforce any of its rights under this Agreement arising from any default or breach by the other Party shall not constitute a waiver of any such default, breach, or any of the Party’s rights relating thereto. No custom or
practice which may arise between the Parties in the course of operating under this Agreement will be construed to waive any Parties’ rights to either ensure the other Party’s strict performance with the terms and conditions of this
Agreement, or to exercise any rights granted to it as a result of any breach or default under this Agreement. Neither Party shall be deemed to have waived any right conferred by this Agreement or under any applicable law unless such waiver is set
forth in a written document signed by the Party to be bound, and delivered to the other Party. No express waiver by either Party of any breach or default by the other Party shall be construed as a waiver of any future breaches or defaults by such
other Party. 
 IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY OR
CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, ARISING UNDER THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
 - 11 -

 6.9 Time of the Essence. Time is of the essence in this Agreement. If
the date specified in this Agreement for giving any notice or taking any action is not a Business Day (or if the period during which any notice is required to be given or any action taken expires on a date which is not a Business Day), then the date
for giving such notice or taking such action (and the expiration date of such period during which notice is required to be given or action taken) shall be the next day which is a Business Day. 

6.10 Counterparts. This Agreement may be executed in multiple counterparts and by the different Parties hereto in
separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Signed counterparts of this Agreement may be delivered by facsimile and by scanned PDF
image; provided that each Party hereto uses commercially reasonable efforts to deliver to each other Party hereto original signed counterparts as soon as possible thereafter. 
 6.11 Further Assurances. Both Seller and Buyer agree to execute and deliver, from time to time, such other and additional instruments, notices, transfer orders and other documents,
and to do all such other and further acts and things as may be necessary to more fully and effectively transfer and assign the Feedstock and Products Inventory to Buyer. 
 6.12 Third Party Consents. The assignment and conveyance set forth in this Agreement shall not constitute an assignment or transfer of any of the Feedstock and Products Inventory if
an attempted assignment thereof without the prior consent of a third party would result in a termination thereof, unless and until such consent shall have been obtained, at which time such asset(s) shall be and is hereby deemed to be transferred and
assigned to Buyer in accordance herewith. 
 6.13 Entire Agreement. This Agreement, together with the
Exhibits attached hereto and any portion of the SPA containing a defined term incorporated herein by reference, all of which are hereby incorporated by reference, contains the entire agreement between the Parties and supersedes any prior agreement
pertaining to the subject matter of this Agreement. 
 6.14 Conflict of Terms. If the terms of this
Agreement conflict with terms of the SPA with respect to any matter, then the terms of the SPA will control. 

  
 - 12 -

 The Parties hereto have executed this Agreement on the date first above written, to be
effective as of the Closing Date. 
  

			
	VALERO MARKETING AND SUPPLY COMPANY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PBF HOLDING COMPANY LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to Feedstock and Product Inventory Sales Agreement] 

  
 Signature Page

 EXHIBIT A 
 FEEDSTOCK AND PRODUCTS 
 MEASUREMENT PROCEDURES AND PRICING

 The Feedstock and Product Inventory Sales Agreement (the “Agreement”) to which this Exhibit A
(“Exhibit A”) relates and forms a part, provides that the Feedstock and Products Inventory will be measured and valued in accordance with this Exhibit A. 

Part I of this Exhibit A sets forth the procedures for conducting the physical inventory of the Feedstock and Products
Inventory (other than the In-Transit Inventory, which shall be estimated or otherwise calculated in accordance with the specific applicable provisions hereof but not subject to a physical inventory as of the Closing, and the Refinery OSBL Line Fill
which shall be based on the volumes set forth in Exhibit C) and located at and within the Refinery, the Refinery Tankage and the Third-Party Tankage or Storage as of the Inventory Transfer Time. 

Part II of this Exhibit A sets forth the valuation formulae and procedures for valuing the Feedstock and Products Inventory
(including the In-Transit Inventory, but excluding any Unit Fill) in order to determine the Estimated Feedstock and Products Sales Amount, Feedstock and Products Sales Statement, and the Final Feedstock and Products Inventory Sales Amount.

 All capitalized terms used in this Exhibit A that are not otherwise defined herein shall have the meanings ascribed to
such terms in the Agreement. 
 Part I. Physical Inventory Procedures 

 

	(A.)	INDEPENDENT INSPECTION: 

 All gauging, temperature measurment, sampling, testing and net volume calculations will be done by the Petroleum Inspection Company with the participation of Buyer’s and Seller’s Inventory
Committee representatives using a mutually agreed upon gauging and sampling schedule by tank (the “Inventory Schedule”). The Inventory Schedule will be mutually developed between the Buyer, Seller and Petroleum Inspection Company. All
three parties shall have the right to participate in the physical inventory measurement by observing the gauging, temperature readings, sampling, etc. In addition, Buyer and Seller shall each have the right to have its own independent accountants,
consultants, or agents present during the physical inventory, at such respective Parties’ sole cost and expense. Inspection/Testing costs for the Petroleum Inspection Company, including, travel, laboratory, and incidental costs (such as
bottles, bombs, seals, etc.), shall be shared on a 50/50 basis (i.e., 50% by the Seller and 50% by the Buyer) by the Parties. Any additional requests (outside of the inventory process) to the Petroleum Inspection Company will be billed to the
requesting party at 100%. 
  

	(B.)	QUANTIFICATION PROCEDURES: 

 In determining the quantities of the various Products to be inventoried, all volumes shall be determined on the basis of the Inventory Transfer Time and as of the completion of delivery to the Refinery,
the Refinery Tankage, and the Third-Party Tankage or Storage (with respect to any cargo or tender of In-Transit Inventory). Non-usable and non-merchantable quantities are 

  
 Exhibit A,
Page 1 

 
materials such as water, sludge and other foreign contaminants commonly referred to as basic sediment and water (“BS&W”) and shall be excluded for purposes of determining the
quantities. BS&W will be determined by using Karl Fisher methodology or Water by Distillation summed with Sediment by Extraction or Membrane Filtration. 
  

	(C.)	INVENTORY MEASUREMENT PROTOCOL: 

 All gauging, sampling, and analysis related to the determination of quality and quantity of the Feedstock and Products Inventory shall be done in accordance with the latest API Manual of Petroleum
Measurement Standards as published by the American Petroleum Institute (the “API Manual”), ASTM test methods, or by currently accepted industry standards or procedures. The specific standards to be used shall be determined by the
Inventory Committee prior to the Closing. Tanks with floating roofs shall contain sufficient Product to fully “float” the roof when it is being gauged. Tanks equipped with steam coils or other means of heating product will have the heat
shut off at least one (1) hour prior to gauging. Tank mixers will be shut off at least two (2) hours prior to gauging. 
  

	(D)	CERTIFICATION OF EQUIPMENT: 

 The Petroleum Inspection Company will standardize, calibrate and certify all gauging tapes and temperature devices used in the transfer of all Feedstock and Products Inventory. The Petroleum Inspection
Company will provide quality assurance documentation for its laboratory used for the physical inventory process. The Petroleum Inspection Company shall make all calibration and certification records available to any Party for review. All Parties may
witness the verification of the portable electronic thermometers prior to their use. All laboratory equipment used for testing of the inventory samples will also be calibrated/standardized in accordance with industry and manufacturers procedures.

 Prior to the Closing Date, the Inspector will inspect the Refinery’s laboratory testing equipment and procedures for the
quality tests scheduled to be done by that laboratory, to verify that they are adequate to comply with the ASTM Standards. Both parties may witness the verification. If the Inspector determines the equipment and procedures to be acceptable to
perform the required testing, without objection from either Buyer or Seller, the test results from the laboratory may be accepted without further observation of the testing. If the Refinery’s laboratory capacity is not sufficient or if the
equipment and procedures are determined to be inadequate to comply with the ASTM Standards, an independent laboratory’s costs shall be shared equally (50:50 basis) by the Buyer and Seller. 

 

	(E.)	ACCEPTANCE AND REVIEW; INVENTORY COMMITTEE: 

 The Parties shall be deemed to have accepted the accuracy of the gauging and temperature measurements of a tank as recorded by the Petroleum Inspection Company on the gauge ticket (to be mutually
developed) (the “Gauge Ticket”) if the Parties’ respective Inventory Committee representatives “sign-off” on the Gauge Ticket, Additional sampling will be taken by

  
 Exhibit A,
Page 2 

 
the Petroleum Inspection Company upon the request of either Party at the sole expense of the requesting Party. All inventory measurements (such as gauges, temperature determinations, and water
cuts) shall be resolved to the best of their abilities by Buyer, Seller and Inspector at the time measurements are taken. Any disputes will be resolved by noon the following working day. 

 

	(F.)	QUALITATIVE PROCEDURES: 

 The determination of the quality of some Products must be performed utilizing special laboratory equipment. Samples of such Products shall be jointly taken as described in subsequent sections, and such
tests shall be conducted in a mutually acceptable laboratory, The results of the tests so run shall be binding on both Parties. 

All testing conducted in the Refinery laboratory is to be witnessed by a chemist employed by the Petroleum Inspection Company. Both Buyer
and Seller may have representatives witness all testing. 
 All issues related to measurement procedures such as sampling,
temperature readings, and gauging shall be resolved to the best of their abilities by the Parties’ representatives at the time the measurement is taken. Any remaining disputes shall be resolved by noon the following working day (or in the case
of quality disputes, promptly following receipt of test results) by a majority vote of the members of the Inventory Committee, 
  

	(G.)	PRE-CLOSING INVENTORY PROCEDURES: 

 Prior to the Inventory Transfer Time, Seller’s personnel shall determine which of the Refinery Tankage shall be active and inactive, and which tanks will contain inventory and which will be empty, as
of the Inventory Transfer Time. The Inventory Schedule will take into account the determination of active and inactive tankage and will provide for performing the physical inventory of both active and inactive tankage prior to the Inventory Transfer
Time. The Inventory Schedule will be subject to the approval of the Inventory Committee, and shall indicate the following for each tank to be inventoried: 
  

	 	•	 	 Storage tank location, tank number, tank type, size, capacity (shell and working); 

 

	 	•	 	 Status at closing (active or inactive); 

  

	 	•	 	 Product stored including classification as sweet, sour, type of crude, etc.; 

 

	 	•	 	 Tank reference gauge height; 

  

	 	•	 	 Method of Tank gauging (ullage or innage) based on the Tank calibration table; and 

 

	 	•	 	 Tank Heels (volume). 

Prior to closing, the Inspector will perform a pre-closing survey of the crude oil and heavy fuel (“Black Oil”) tanks at the Facility to
measure the actual gauge height, to compare the actual manual gauge to the automatic gauge, and to determine the amounts of solids and sludge accumulated on the bottoms of the tanks. The results of the survey will be made available to all parties
prior to Closing. Upon joint agreement by both Parties, this pre-closing survey may be waived for specific products, tanks or Facilities. 

  
 Exhibit A,
Page 3 

	(H.)	PHYSICAL INVENTORY PROCEDURES: 

  

	 	(i)	General: 

Tanks with floating roofs shall not be in the critical zone of the floating roof when it is being gauged. Tanks equipped
with steam coils or other means of heating product will have the heat shut off at least one (1) hour prior to gauging. Tank mixers shall be shut off at least two (2) hours prior to gauging. Temperature measurements will be obtained at the
time of gauging, except as otherwise provided herein. 
 To the extent applicable, the Parties will cooperate in
order to develop mutually acceptable procedures to address measurement of Product that is in the midst of delivery to the Refinery or the Refinery Tankage as of the Inventory Transfer Time. 

 

	 	(ii)	Nonmoving Tanks (Inactive Tanks): 

 All Refinery Tankage that is standing with no movement in or out as of the Inventory Transfer Time will be gauged and sampled prior to the Inventory Transfer Time in accordance with the Inventory
Schedule. All valves in and out of the tank will be closed and sealed at the time of gauging. The Petroleum Inspection Company will seal the tank valves and will be responsible for recording seal numbers and checking of seals. The Petroleum
Inspection Company will provide a measurement and seal report identifying all valves and seals by tank and manifold valve. If it is necessary to break seals to transfer Product into or out of a sealed gauged tank, prior notification and confirmation
must be obtained from the Inventory Committee in order to keep accurate records of the proceedings. 
 Once
physical inventory operations have started, no tank switching, changes or movements shall be made without written notification to Buyer, Seller, and the Petroleum Inspection Company’s representatives. If tankage seals are broken, tankage must
be resealed when movement stops. Said tankage must then be regauged, resampled and temperature determined anew. Otherwise, it will be gauged as an active tank. 
 Inactive tanks that are required for thermal relief of connecting pipelines will be gauged using the inactive tanks’ automatic gauge readings. Each automatic gauge will be calibrated as close to the
Inventory Transfer Time as possible. The automatic gauge reading will be monitored every 10 minutes for 90 minutes before and after the Inventory Transfer Time to confirm that there was no movement into or out of said inactive tank. In cases where
the automatic gauge readings indicate tank movement, the tank will be gauged as an active tank. 
  

	 	(iii)	Moving Tanks (Active Tanks): 

 Active Refinery Tankage that must have movements in or out during the physical inventory quantification process as of the Inventory Transfer Time will be manually

  
 Exhibit A,
Page 4 

 
gauged during a period in which the active tanks are temporarily inactive, as close to the Inventory Transfer Time as possible. The physical inventory of the active Refinery Tankage will be
obtained using the applicable procedures prescribed herein and must coincide with the “closing” of rack meters where appropriate. 
 Refinery Tankage that will remain active during the inventory period will be measured as close to the Inventory Transfer Time as possible. The gross inventory measurement will be compared against the
tanks’ automatic gauges. The volume difference between the two measurements, in gross inches or fractions thereof, will be recorded on the tanks’ physical inventory worksheet. The Petroleum Inspection Company report will identify each tank
by number, location and description. 
  

	 	(iv)	Loaded Tank Trucks and Rail Cars: 

 All outbound loaded trucks and rail cars which have been ticketed for sale at the Inventory Transfer Time, other than such trucks and rail cars constituting Finished Product In-Transit, will be considered
as a Seller account receivable unless previously paid and will not be part of the Feedstock and Products Inventory. Except for the Retained Feedstock and Products, all loaded trucks and railcars which have not been ticketed for sale will be part of
the Feedstock and Products Inventory. 
  

	 	(v)	Sulfur: 

Sulfur, if any will be sold pursuant to this Agreement, will be measured in accordance production records maintained by
the Seller, or through other means agreeable by the Inventory Committee and Petroleum Inspection Company. 
  

	 	(vi)	Finished Product In-Transit: 

 Finished Product In-Transit will be measured in accordance with inventory records maintained by Seller, as confirmed by the Inventory Committee. 

 

	 	(vii)	Unit Fill: 

Unit Fill will not be measured. 
  

	 	(viii)	Sampling, Testing, and Retention of the Inventory Samples: 

 1. Intermediates and Heavy Oil Products: A minimum of two sample sets consisting of one quart zone samples from the upper, middle, and lower liquid zones (as those terms are defined or used in the
API Manual) will be obtained per tank per API Manual or ASTM D4057 (Standard Practice for Sampling of Petroleum and Petroleum Products). In the chosen laboratory, a one quart volumetric blend will be prepared for the inventory quality analyses. The
number of sample sets and volume of laboratory blend shall be adjusted based on the defined inventory quality analyses. 

  
 Exhibit A,
Page 5 

 2. Light Oil Products: A minimum of two sample sets consisting of one quart average
sample will be obtained per tank per the API Manual or ASTM D4057 (Standard Practice for Sampling of Petroleum and Petroleum Products). At the Inventory Committee’s discretion and approval the amount/volume of sample obtained will be increased
dependent on required laboratory analyses. 
 3. Liquefied Petroleum Gas (LPG) Samples: All inventory LPGs will have two
sample sets consisting of a liquid phase sample and a vapor phase sample obtained per the API Manual, ASTM D1265 (Practice for Sampling Liquefied Petroleum (LP) Gases (Manual Method) or ASTM D3700 (Standard Practice for Obtaining LPG Samples Using a
Floating Piston Cylinder). One set of the sealed samples will be retained a minimum of two (2) weeks by the Petroleum Inspection Company. 
 4. Petroleum Coke and Sulfur: Petroleum coke and sulfur, if any, will be sampled in accordance with ASTM D346 (Collection and Preparation of Coke Samples for Laboratory Analysis), ASTM D2234
(Collection of Gross Sample of Coal) or other mutually agreed procedure. 
 5. Lubes: A minimum of two sample sets
consisting of one quart average sample will be obtained per tank per the API Manual or ASTM D4057 (Standard Practice for Sampling of Petroleum and Petroleum Products). At the Inventory Committee’s discretion and approval the amount/volume of
sample obtained will be increased dependent on required laboratory analyses. 
 6. Asphalt: Asphalt will be sampled in
accordance with ASTM D 140 (Standard Practice of Sampling Bituminous Materials). 
 7. Additive Tanks: If Product additive
tanks contain diluents blended with the additives, then prior to the Closing Date the Facilities’ personnel will provide the Parties the blending/dilution ratios for additives in the tanks. 

8. Retention: Of the sample sets obtained during the physical inventory process, one half (1/2) of each set will be sealed and
retained by the Petroleum Inspection Company. The unused portion(s) of the analyzed sample sets will also be sealed and retained. These sealed samples will be maintained by the Petroleum Inspection Company for a minimum period of ninety
(90) days or a mutually agreed retention time. LPG samples will be retained as specified in 3. above. At the time of disposal, the Petroleum Inspection Company will properly dispose of samples and appropriate “cradle to grave”
documentation forwarded to Seller and Buyer. All retained samples shall be made available to either Buyer or Seller after a three day notice is given and approved by the other party. 

 

	 	(ix)	Measurement: 

 All measurements taken during the physical inventory process will be performed by the Petroleum Inspection Company. The following will be measured, recorded/obtained and documented by the Petroleum
Inspection Company on the 

  
 Exhibit A,
Page 6 

 
individual Gauge Ticket: (1) tank location, identification, and type, (2) date and time of measurements, (3) product type within tank, (4) manual gauge recorded in appropriate
units and fractional units, (5) measurement method, that is, innage or ullage, (6) temperature readings, (7) free water measurement recorded in appropriate units, (8) Tank Heels, (9) the tanks automatic reading, and
(10) tank pressure as applicable to pressurized tanks or vessels. 
 Duplicate calculations will be made in
determining the net inventory contained in each tank at 60 degrees F or the appropriate temperature base for each Product in inventory and in each tank. Seller will make a set of calculations based on “normal” inventory calculation methods
at the respective Facilities. The second set of measurements will be made independently by the Inspector. The Inspector’s final calculation after review by Buyer and Seller will determine the net inventory. 

 

	(II.)	METER READINGS – LOADING RACKS AND PIPELINES: 

  

	 	(i)	Inactive Systems: 

 Meter readings shall be obtained on all inactive metered systems (tank truck rack, rail car rack and pipeline) in advance of the Inventory Transfer Time. The Petroleum Inspection Company will secure these
systems by sealing the same and inserting meter tickets in these meters to ensure that no Product is moved through these systems during the physical inventory process and the Petroleum Inspection Company report will clearly identify the date and
time. 
 The last tickets used to record Product sales, incoming receipts, Product shipments, and other Product
movements will be legibly photocopied and retained by Buyer, Seller, and the Petroleum Inspection Company. 
  

	 	(ii)	Active Systems: 

 Meter readings shall be obtained on all active metered systems coincident with the physical inventory measurements obtained on the storage tank(s) by supplying said metered systems. New meter tickets
shall be inserted at this time. Where practical and non-interfering with normal refinery operations, active tanks shall be shut down immediately prior to and during the physical inventory. 

The last tickets used to record Product sales or other Product transactions through the meters will be photocopied and
retained by Buyer, Seller, and the Petroleum Inspection Company. 
  

	(J.)	POST-INVENTORY PROCEDURES: 

 (i) Both of the Parties’ representatives shall sign the Gauge Ticket or gauge worksheet for each tank inventoried, which shall include the calculation of gross observed volume and Net Standard
Volume. The Buyer’s and Seller’s signature on the Gauge Ticket or gauge worksheet shall indicate agreement with all physical measurements recorded on the ticket or sheet. 

  
 Exhibit A,
Page 7 

 (ii) Similarly, the Parties’ representatives shall identify and acknowledge all closing
meter readings, as well as the last rack sale, Product shipment, and Product receipt prior to the physical inventory, 
 (iii) An
inspection shall be made to assure that all systems previously closed and sealed remained inactive during the physical inventory and that no Product movements occurred through these systems. At this time all seals will be removed by the Petroleum
Inspection Company. 
  

	(K.)	CALCULATION OF FINAL INVENTORY QUANTITY: 

 The Petroleum Inspection Company will tabulate the data from the signed individual tank Gauge Tickets and using current tank calibration tables will determine the total observed volume for each tank
(“Total Observed Volume”). Correcting for Free Water, applying roof corrections, applying tank shell corrections, and using the most current CTL and CPL correction factors, the Total Observed Volumes will be corrected to Gross
Standard Volumes and then to Net Standard Volumes. Volumes within LPG inventory tanks will be corrected for vapor. The Petroleum Inspection Company will produce a final report reporting its conclusions of its calculation of the Inventory Quantity
and Quality. The final report is due by the Petroleum Inspection Company to the parties no later than fifteen (15) business days after Closing. After review and signature of all parties, the Petroleum Inspection Company’s final calculation
will be the Final Inventory Quantity. Volumes within Residual Tanks will be corrected to Net Standard Volume only for the BS&W exceeding 1.0% by volume. For purposes of this Exhibit D, the term (i) “Gross Standard Volume”
means the volume at 60 degrees Fahrenheit and one atmosphere of pressure (14.696 PSIA), including suspended sediment and water, as calculated by the most recent standards under the API Manual, (ii) “Net Standard Volume” means
the volume at 60 degrees Fahrenheit and one atmosphere of pressure (14.696 PSIA) after deducting BS&W from the Gross Standard Volume, (iii) “CTL” means the Correction for the effect of Temperature on Liquid, and
(iv) “CPL” means the Correction for the effect of Pressure on Liquid. 

  
 Exhibit A,
Page 8 

 FEEDSTOCK AND PRODUCTS SALES PRICE 

MEASUREMENT PROCEDURES AND PRICING 
 Part II. Inventory Valuation 
 [REDACTED] 

  
 Schedule 2 to
Exhibit A, Page 1 

 EXHIBIT B 
 LIST OF THIRD-PARTY TANKAGE OR STORAGE 
  

	1.	Hess VGO Terminal – Baltimore, MD 

  

	2.	NuStar Terminal 

  

	3.	Plains Terminal 

  
 Exhibit B

 EXHIBIT C 
 REFINERY OSBL LINE FILL 
 [REDACTED] 

  
 Exhibit C

 EXHIBIT D 
 BUTANE SUPPLY TERMS 
  

			
	Seller:	  	Valero Marketing and Supply Company
		
	Purchaser:	  	Company
		
	Product:	  	Mixed Butane
		
	Quantity:	  	 [REDACTED] 

		
	Delivery:	  	 [REDACTED] 

		
	Term:	  	 [REDACTED] 

		
	Price:	  	 [REDACTED] 

	
	Other Terms:

  
 Exhibit D

 EXHIBIT G 
 TO 
 Stock Purchase Agreement 

KNOWLEDGE OF INDIVIDUALS 

 

  
 Exhibit G

 KNOWLEDGE OF INDIVIDUALS 

Part I – Seller 
 Gene Edwards 
 Chris Quinn 
 Paul Brochu 
 Kirk Saffell 
 Pierre Emond 
 Debbie Hevner 
 Gary Byrd 
 Jack Eisenmann 
 Steve Krynski 
 Gary Sulkowski 
 Greg Davis 
 Al Gomes 
 John Gold 
 Chuck Mack 
 Richard Horbiak 
 Dave Yamaki 
 Kevin Fetchko 
 Terry Hoffman 
 Yvonne Schappell 
 Greg Paranto 
 Pete Hanley 
 Rich Roat 
 Rich Walsh* 
 Elizabeth Bourbon* 
 Les Caldwell* 
 Jim Satel* 

 

	*	To the extent of non-privileged information 

  
 Exhibit G-1

 KNOWLEDGE OF INDIVIDUALS 

Part II – Buyer 
 James Fedena 
 Michael Gayda * 
 Jeff Dill* 
 Edward Jacoby 
 Ken Isom 
 John Launchi 
 Donald Lucey 
 Matthew Lucey 
 Thomas Nimbley 
 Clark Wrigley 
 Steve Schmitz 
 James Yates 
 James O’Malley 
 Carl Cupit 
 Dave Alvarez 
  

	*	To the extent of non-privileged information 

  
 Exhibit G-2

 EXHIBIT H 
 TO 
 Stock Purchase Agreement 

OFFTAKE AGREEMENT 

 OFFTAKE AGREEMENT 

This Offtake Agreement (the “Agreement”) is made this      day of
             , 2010 (the “Effective Date”) by and between PAULSBORO REFINING COMPANY LLC, a Delaware limited liability company (“Seller”) and VALERO
MARKETING AND SUPPLY COMPANY, a Delaware corporation (“Buyer”). (Seller and Buyer may hereinafter be referred to individually as a “Party” or collectively as the “Parties”). 

WHEREAS, Seller and Valero Refining and Marketing Company, a Delaware corporation (the “SPA Seller”), entered into a
Stock Purchase Agreement, dated as of [             ], 2010 (the “SPA”), pursuant to which the SPA Seller will sell and transfer, and Seller will purchase and take title to
and delivery of the Shares (as defined in the SPA). 
 WHEREAS, the Parties are desirous of entering into an agreement whereby
Seller will sell and Buyer will purchase a quantity of Products (as defined below). 
 WHEREAS, At Closing, Seller may
concurrently sell or assign the Products to certain third parties who will sell the Products directly to Buyer, provided, however, Seller shall remain responsible for all obligations under this Agreement to Buyer. 

WHEREAS, Seller desires to sell to Buyer and Buyer desires to purchase from Seller the Products pursuant to the terms and conditions of
this Agreement. 
 WHEREAS, as a condition precedent to Closing under the SPA, the SPA Seller and Seller require the execution
of this Agreement. 
 NOW THEREFORE, in consideration of the premises, the terms and conditions hereinafter set forth and for
other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows; 
 1.
Defined Terms. Capitalized terms that are used herein and otherwise not defined shall have the meanings set forth in the General Terms and Conditions attached to the Agreement as Exhibit “C” and incorporated herein for all
purposes. 
 2. Term. The “Term” of this Agreement shall be from the Effective Date through the earlier of the date that
all of the purchase and sale obligations for all Products set forth in Exhibit A and Exhibit B end or the termination of this Agreement pursuant to Section 7. For avoidance of doubt, Exhibit A and Exhibit B
contain specific terms for the purchase and sale obligations for each Product, and the termination of such obligation as to one Product, pursuant to such terms, shall not impact the obligations as to the other Products or this Agreement. 

3. Sale of Products. 
 (a) Products. Seller will sell and deliver to Buyer, and Buyer will purchase and receive from Seller, the products (the “Products”, and each individually a
“Product”) set forth on Exhibit A and Exhibit B attached hereto and incorporated by reference and such other products as may be mutually agreed from time to time by the Parties. 

  
 H -1

 (b) Specifications. The Products supplied to Buyer hereunder shall meet the minimum
specifications and properties set forth in Exhibit A and Exhibit B (the“Specifications”) as may be modified from time to time with the mutual, written consent of the Parties. 

(c) Volumes. The applicable volumes of the Products to be purchased and sold hereunder are set forth in Exhibit A and
Exhibit B. 
 (d) Delivery. Product will be delivered to the requested delivery points (each individually, a
“Delivery Point” and collectively, the “Delivery Points”) identified on Exhibit A and Exhibit B. In the event Seller is unable to load or deliver any Products at the specific Delivery Points designated
by Buyer, Seller shall provide Buyer prompt notice thereof. Deliveries shall be as specified in Exhibit A and Exhibit B. 
 4.
Price. 
 (a) The prices for the Products are as set forth on Exhibit A and Exhibit B. Prices shall be
rounded to six (6) decimal places. If the Parties determine that the pricing formula set forth herein results in a price which is materially different than the then prevailing “market price” for such Product at one or more applicable
Delivery Points, the Parties shall mutually agree on a new price for any such Product at any such Delivery Point, as appropriate. If the Parties cannot agree on a new pricing formula or if the Parties cannot agree that the pricing formula set forth
herein results in a material difference when compared to the then prevailing “market price” for such Product at one or more applicable Delivery Points, then the Parties shall hire a mutually acceptable independent third party to determine
the materiality of the difference and/or a prevailing market price formula based upon the factors set forth above. The Parties shall share equally the costs of the independent third party. 

(b) Replacement Publications. In the event that Argus ceases operation and/or publication of the relevant price or materially
alters the method for calculating a price, the Parties agree to meet within ten (10) days to agree to a replacement publication for use hereunder. 
 (c) Invoices. 
 (i) For Delivery of Products via Truck. Seller shall
submit a weekly summary invoice, together with such information as the Parties mutually agree is necessary to substantiate the invoices to Buyer for all Products delivered to Buyer during each one week billing period within two (2) Business
Days after the end of each such billing period, and Buyer agrees to pay Seller within the time period specified in Exhibit A and Exhibit B. Each such weekly invoice will be based upon on weekly cycles (Monday through Sunday) during the
month. The first and last cycle will start on the first day of the month and end on the last day of the month. If the first day of the month is not a Monday, the cycle will start on the first calendar day and end on Sunday. If the last day of the
month is not a Sunday, the final cycle will end on the last calendar day. Each invoice shall, with 

  
 H-2

 
respect to the relevant billing period, include all bills of lading, quantity, Product type, and grade of products nominated by Buyer and delivered by the Seller with the prices applicable for
these Products and quantities. Seller shall deliver each invoice to Buyer via facsimile or electronic transmission, unless otherwise agreed by the Parties. The Parties agree to work together in good faith to arrange for each invoice to be sent via
electronic data interchange (“EDI”). 
 (ii) For Delivery of Products via Pipeline or Vessel. Seller
shall submit an invoice, together with such information as the Parties mutually agree is necessary to substantiate the invoice, including the applicable pipeline ticket for pipeline deliveries and a draft survey or other applicable loading documents
for Vessel deliveries, to Buyer for all Products delivered to Buyer by pipeline or Vessel within two (2) Business Days following Seller’s receipt of the pipeline meter ticket or draft survey or other applicable loading document for each
batch of Product to be delivered to Buyer, and Buyer agrees to pay Seller within the time period specified in Exhibit A and Exhibit B. Each invoice shall, with respect to the relevant billing period, include all bills of lading,
quantity, Product type, and grade of products nominated by Buyer and delivered by the Seller with the prices applicable for these Products and quantities. Seller shall deliver each invoice to Buyer via facsimile or electronic transmission, unless
otherwise agreed by the Parties. The Parties agree to work together in good faith to arrange for each invoice to be sent via EDI. 
 (d) Invoice Address. Until such times that the Parties use EDI, all invoices shall be transmitted to the following address: 
 VALERO MARKETING AND SUPPLY COMPANY 
 One Valero Way 

Mail Station F3R-118B 
 San Antonio, Texas 78249 
 Attention: Bulk Finished Product Accounting –
Carrie Tate 
 Telephone: (210) 345-2051 
 Facsimile: (210) 444-8512 
 5. Measurements. Quantity of Products delivered
shall be determined pursuant to the methods set forth in the General Terms on a temperature adjusted (net) Gallon based on 60° Fahrenheit. 

6. Title and Risk of Loss. Title to and risk of loss of the Products shall pass from Seller to Buyer as indicated on Exhibit A and
Exhibit B. 
 7. Termination. This Agreement may be terminated: 

(a) By either Party if the other Party declares an event of Force Majeure as provided in Section 13 (c) of the General
Terms; or 

  
 H-3

 (b) By Seller in the event that Buyer fails to pay any undisputed amount owed under this
Agreement and such failure shall continue for a period of five (5) Business Days following receipt of written notice of default by Seller. 
 (c) By either Party if the other Patty materially defaults in the observance or in the due and timely performance of any of the material covenants of such Party contained herein, and such default (other
than payment default) shall continue un-remedied fifteen (15) Business Days after the defaulting Party’s receipt of written notice of default (or, in the event such default cannot be remedied within fifteen (15) Business Days, the
defaulting Party has not commenced remedying such default within fifteen (15) Business Days). 
 (d) By either Party in the
event the other Party, (a) makes an assignment or any general arrangement for the benefit of creditors, (b) files a petition or otherwise commences, authorizes, or acquiesces in the commencing of a proceeding or cause under any bankruptcy
or similar law for the protection of creditors or have such petition filed or proceeding commenced against it, (c) otherwise becomes bankrupt or insolvent (however evidenced), or (d) has a receiver, provisional liquidator, conservator,
custodian trustee or other similar official appointed with respect to it or substantially all of its assets. 
 (e) By either
Party in accordance with Section 4 of the General Terms. 
 Written notice of termination shall be given by the
terminating Party to the other Party. 
 8. Exhibits. The exhibits attached hereto, including without limitation the General Terms
attached as Exhibit C, are made a part of, and incorporated into this Agreement. In the event of conflict between the provisions of the main body of this Agreement and any of the exhibits hereto, the provisions of the main body of this Agreement
shall prevail. 
 [Signature Page to follow] 

  
 H-4

 This Agreement has been executed by the authorized representatives of each Party as indicated below
effective as of the Effective Date. 
  

			
	Seller:	 	
	
	 PAULSBORO REFINING COMPANY LLC, a
 Delaware limited liability company

		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Buyer:	 	
	
	 VALERO MARKETING AND SUPPLY COMPANY
 a Delaware corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 [Signature
Page to Terminaling and Off-Take Agreement] 

 EXHIBIT A 
 LIGHT PRODUCTS 
  

	A.	Products: The Products to be sold and delivered under this Exhibit “A” to the Agreement are set forth in the table below (the “Light
Products”). 

  

			
	 Product
	 	 Specifications

		
	 RBOB w/10% Ethanol
	 	Minimum required specifications as required by Applicable Law and applicable ASTM specifications.
		
	 Reformulated Midgrade w/10% Ethanol
	 	Minimum required specifications as required by Applicable Law and applicable ASTM specifications.
		
	 PBOB w/10% Ethanol
	 	Minimum required specifications as required by Applicable Law and applicable ASTM specifications.
		
	 RBOB
	 	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.
		
	 PBOB
	 	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.
		
	 CBOB Unleaded
	 	Minimum required specifications as requited by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.
		
	 CBOB Premium
	 	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.

  

	*	Specifications shall be consistent with local Delivery Point requirements (including, without limitation RVP) at the time of delivery. Seller will match terminal and
pipeline RVP requests for fall to summer RVP ramp down, or summer to fall, as applicable, independent of state RVP compliance dates 

  

	B.	Term. The purchase and sale obligations for the Light Products will be for an initial term of eighteen (18) months from the Effective Date (the
“Light Products Initial Term”). 

 Following the expiration of the Light Products Initial Term, unless sooner terminated in
accordance with the other provisions of this Agreement, the purchase and sale obligations for the Light Products shall automatically continue on an evergreen basis for additional terms of six months each unless terminated by either Party by giving
one hundred eighty (180) days notice in writing to the other Party prior to the end of the Light Products Initial Term or any time thereafter. The Light Products Initial Term, together with any subsequent renewal terms (if any), shall be
referred to as the “Light Products Term”). 
  

	C.	Volumes. 

  

					
	 Product
	 	 Delivery Location
	 	 Volume

	 RBOB w/10% Ethanol
	 	NuStar Terminal Truck Rack	 	[REDACTED]
	 PBOB w/10% Ethanol
	 	NuStar Terminal Truck Rack	 	[REDACTED]

 The above volumes include reformulated midgrade with 10% Ethanol demand 

 

					
	 RBOB
	 	Buckeye Pipeline	 	[REDACTED]
	 PBOB
	 	Buckeye Pipeline	 	[REDACTED]
	 CBOB UNLEADED
	 	Buckeye Pipeline	 	[REDACTED]
	 CBOB PREMIUM
	 	Buckeye Pipeline	 	[REDACTED]
	 RBOB
	 	Colonial Pipeline	 	[REDACTED]
	 PBOB
	 	Colonial Pipeline	 	[REDACTED]

 Buyer shall perform best efforts to lift all volumes sold under this Agreement on a ratable basis.

 If Buyer desires volume in excess of the above, the parties agree to negotiate in good faith to achieve the higher volume
subject to availability. 
  

	D.	[REDACTED] 

  

	E.	[REDACTED] 

  

	F.	[REDACTED] 

  

	G.	Title and Risk of Loss. Title and Risk of Loss for Light Product shall pass as follows: 

 

	 	(i)	For Light Products sold at the NuStar Terminal Truck Rack for delivery into trucks, at the flange connection of the receiving equipment. 

 

	 	(ii)	For Light Products sold FOB at the Refinery into Buckeye Pipeline, at the custody transfer meter on Buckeye Pipeline. 

 

	 	(iii)	For Light Products sold FOB at the Refinery into Colonial Pipeline via Buckeye Pipeline, at the appropriate custody transfer meter on Buckeye Pipeline.

  

	H.	 Nominations. Upon the Effective Date of this Agreement, Buyer shall provide Seller with a forecast of its monthly requirements (the
“Initial Offtake Nomination”for each of the Light Products (stating volumes and gasoline grade splits) for the first month following the Effective Date. Thereafter on or before the 15th day of each calendar month, Buyer shall provide Seller with its
monthly nominations for each of the Light Products for the following month (each an “Offtake
Nomination”). Subject to the [REDACTED]
requirements set forth below, the aggregate volume of each Light Product to be purchased by Buyer will not vary by more than ten percent (10%) from the monthly nominated volumes thereof, For premium grades delivered into Buckeye and Colonial
Pipelines, Seller shall advise Buyer of available volume for sale under this Agreement by the twentieth (20th) calendar day of the month prior to delivery. Buyer will exercise reasonable business efforts to cause its purchase and receipt of Light Products to be ratable over the month and in proportion to
each of the Light Products nominated. Seller agrees to deliver the Light Products and Buyer agrees to lift the 

	 	
Light Products in accordance with the Offtake Nomination for each month in which deliveries are scheduled unless mutually agreeable changes are made. 

 

	I.	RINS. For all Light Products delivered under this Agreement Seller shall be entitled to and Buyer shall convey, all D6 Renewable Fuel RINs generated by Buyer
from subsequent blending of Seller’s produced Light Products with ethanol. Buyer shall not be obligated to provide RINs for any volumes for which the Buyer is not the downstream blender of record. 

 

	J.	[REDACTED] 

  

	K.	Maintenance. In the event of any planned or unplanned maintenance or shutdown of the Refinery that, in Seller’s reasonable judgment, will affect
Seller’s supply of Products hereunder (“Outage”), Seller shall provide Buyer with at least 30 days advance notice of the Outage if such Outage is a planned Outage or scheduled turnaround (a “Planned Outage”),
and as much advance notice of the Outage as reasonably possible if the Outage is unplanned or in connection with a Force Majeure Event (an “Unplanned Outage”). Until such time that the Planned Outage becomes public, Buyer agrees to
keep the fact that it received notice of a Planned Outage, and the Planned Outage confidential. In the event of an Unplanned Outage, and to the extent that Seller has inventory on hand at the Refinery, Seller shall continue to supply, to Buyer, the
Light Products out of such Inventory on hand, subject to Seller’s right to allocate available inventory to [REDACTED] first under the [REDACTED]. As soon as reasonably possible following the Unplanned Outage, Seller shall determine the amount
of inventory available to Buyer and provide Buyer with notice of such volumes. 

	 	
During any Outage (and once existing inventory volumes, if supplied to Buyer, are exhausted during an Unplanned Outage), Buyer shall be entitled to inhaul the Light Products sufficient to meet
Buyer’s marketing requirements during the Outage on the terms and conditions set forth in Exhibit “D” (the “Inhauls”). Buyer shall compensate Seller for Seller’s incremental direct costs incurred as a
result of Buyer’s Inhauls. 

  

	L.	Ethanol. Seller shall supply Buyer with Ethanol at the NuStar Terminal. 

 EXHIBIT B 
 SPECIALTY PRODUCTS 
  

			
	 PRODUCT:
	  	66-22 grade asphalt which meets the AASHTO M320 specifications (the “Asphalt”).
		
	 TERM:
	  	The purchase and sale obligations for the Asphalt will commence upon the Effective Date and expire on December 31, 2011 (the “Asphalt Initial Term”). Following
the expiration of the Asphalt Initial Term, unless sooner terminated in accordance with the other provisions of this Agreement, the purchase and sale obligations for the Asphalt shall automatically continue on an evergreen basis for additional terms
of one (1) year each unless terminated by either Party by giving one hundred eighty (180) days notice in writing to the other Party prior to the end of the Asphalt Initial Term or any time thereafter. The Asphalt Initial Term, together with any
subsequent renewal terms (if any), shall be referred to as the “Asphalt Term”).
		
	 DELIVERY:
	  	 Seller will deliver to Buyer the Asphalt sold under this Agreement at the following locations:

 
 (i)     If by
truck, FOB at the Refinery asphalt truck rack.
  
 (ii)    If by Vessel, FOB at the Refinery Dock.

		
	 VOLUMES:
	  	 One hundred percent (100%) of the Refinery asphalt production, subject to availability based on refinery operations (subject to
nomination provision below). Buyer’s obligation not to exceed [REDACTED] barrels per year. In the event the Asphalt Initial Term is greater than one year; Buyer’s volume obligation shall not exceed the [REDACTED] barrels. In the event the
Asphalt Initial Term is less than one year, the volume obligation for such Asphalt Initial Term shall be reduced pro rata based on the number of days in the Asphalt Initial Term versus the number of days in a full year.

 
 Buyer shall lift and Seller shall make available all volumes sold under this
Agreement on a ratable basis with consideration of seasonality in Asphalt movements allowing for approximately two thirds of the volume occurring in April to September and one third in October to March.

 
 Buyer is not obligated to take physical delivery of any minimum volume via the
Refinery Truck Rack, however, Buyer shall be obligated to pay the Refinery Truck Rack price on [REDACTED] of the total volume, up to an annual maximum of [REDACTED] barrels. Notwithstanding the
above,

			
		  	all volume sold to Buyer across the Refinery Truck Rack shall be sold at the Refinery Truck Rack price.
	
	
	 Price:
	  	[REDACTED]
		
	 Pricing:
	  	[REDACTED]
		
	 PAYMENT:
	  	Seller shall invoice Buyer at the end of a ten (10) calendar day period for liftings ocurring during such period. Buyer shall pay such invoice within ten (10) calendar days from
receipt of invoice.
		
	 TITLE AND ROL:
	  	Title and risk of loss shall pass from Seller to Buyer at the following points:
		
		  	 (i)     for Asphalt sold FOB at the Refinery Asphalt Truck Rack into trucks, title and risk of loss
shall transfer at the connection to the truck.

		
		  	 (ii)    for Asphalt sold FOB at the Refinery Dock, title and risk of loss shall transfer at the connecting
flange from the Refinery to the Vessel.

			
		
	 CARRIERS.
	  	All Carriers entering the Refinery on behalf of Customer, shall execute Seller’s Asphalt Terminal access agreement and submit its associated insurance documentation to
Seller’s Risk Management Department or Buyer shall otherwise indemnify, defend and hold Seller harmless against any and all damage or injury caused by or suffered by track carriers and their employees while within the Refinery Asphalt
Terminal.
		
	 NOMINATIONS:
	  	Upon the Effective Date of this Agreement and on the tenth (10th) day of each calendar month, Seller shall provide Buyer with a good faith non-binding forecast of its monthly
production (the “Forecast”) of Asphalt. On or before the fifteenth (15th) day of each calendar month, Buyer shall provide Seller with its monthly nominations for Asphalt for the following month stating volumes and Delivery Points
(the “Offtake Nomination”). The Offtake Nomination shall be binding on both Buyer and Seller, except to the extent the volume cannot be produced due to operational issues. A decision to divert volume to the coker, change feed rates
or otherwise intentionally not produce nominated volume is not an operational issue excusing failure to deliver.
		
	 DOCK:
	  	Seller to maintain following dock capabilities at dock #2:
		
		  	loading pump rate: 2,200 bph
		
		  	draft: 32 ft. 10 in.
		
		  	loa: 900 ft.
		
	 TRUCK RACK:
	  	Buyer shall have exclusive use of the Refinery Asphalt Truck Rack. Seller agrees to maintain the Refinery Asphalt Truck Rack in a fully operational condition (subject to
unplanned outages and routine maintenance) with loading rates at each truck loading spot up to normal industry standards for asphalt truck loading. The Refinery Asphalt Truck Rack shall at all time be operated in compliance with governmental laws,
rules, and regulations. In the event that Buyer does not take 100% of available Asphalt production at either the Asphalt Truck Rack or the Dock, or any combination thereof, Seller shall have the right to market the excess volume for its own
account,
		
	 MARINE TERMS
	  	Marine movements into or from the Docks shall be in accordance with the Asphalt Marine Terms attached hereto as Exhibit “E”.

 EXHIBIT C 
 GENERAL TERMS AND CONDITIONS 
 1. Definitions: As used in this Agreement, the following
terms shall have the following meanings: 
 (a) “Affiliate” has the same meaning as that term is defined in the
SPA. 
 (b) “Agreement” means this Offtake Agreement, including all Exhibits, as such may be amended from time
to time. 
 (c) “API” means American Petroleum Institute. 

(d) “Applicable Law” shall mean any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, order,
decree (including, without limitation, any consent decree), permit, approval, license, requirement, or other governmental restriction or any similar form of decision of, or any provision or condition of any permit, license or other operating
authorization issued under any of the foregoing by, or any determination by any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended (including
without limitation, all of the terms and provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question. 
 (e) “Argus” means the various daily reports published by Argus Media including the U.S. Products Report. 
 (f) “ASTM” means ASTM International, formerly known as the American Society for Testing and Materials. 
 (g) “Barrel” and “BBL” means 42 US Gallons measured at 60 degrees Fahrenheit. 
 (h) “BPD” means Barrels per Day. 
 (l) “Business
Day” means a day on which banks are open for general commercial business in New York, New York. 
 (j)
“Buyer” is defined in the preamble of the Agreement, and includes its successors and permitted assigns. 
 (k)
“Contract Year” means a period of 365 days (or 366 days in case the period includes a February 29) beginning on the Effective Date, and ending on each subsequent anniversary thereof during the effectiveness of this
Agreement. 
 (l) “Docks” mean the marine/barge dock facilities and related improvements which are located at or
within the Refinery. 
 (m) “Effective Date” is defined in the preamble of this Agreement. 

  
 1 

 (n) “ETA” means estimated time of arrival. 

(o) “Force Majeure” means any cause or event reasonably beyond the control of a Party, including (but without limiting
the generality of such term): act(s) of god, perils of the sea, fire, delay of the performing vessel arising from breakdown or adverse weather, accidents at, closing of, or restrictions upon the use of mooring facilities, docks, ports, pipelines,
harbors, or other navigational or transportation mechanisms, war (declared or undeclared), military operations, blockade, revolution, disruption or breakdown of or explosions or accidents to wells, storage plants, refineries, terminals, machinery or
other facilities, trade restriction, strike, lockouts, or a dispute or difference with workers, labor shortage requests, orders or actions of any government, or by any person purporting to represent a government, or any other cause of a similar
nature as described herein not reasonably within the control of the respective Parties. 
 (p) “Gallon” means a
U.S. gallon of 231 cubic inches at 60 degrees Fahrenheit (60°F). 
 (q) “General Terms” means these General
Terms and Conditions attached to the Agreement as Exhibit “C” and incorporated therein for alt purposes. 
 (r)
“Governmental Authority” means any federal, state, local, foreign government, any provincial, departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial,
regulatory, administrative or other governmental functions or any court, department, commission, board, bureau, agency, instrumentality or administrative body of any of the foregoing. 

(s) “Hazardous Material” means any substance, material or waste, that is regulated by Applicable Law as hazardous or
toxic, as a pollutant or as a contaminate, or with words of a similar meaning including, without limitation, petroleum, petroleum products, ethanol, bio-diesel, gasoline additives, distillate additives, and methyl tertiary butyl ether. 

(t) “Incoterms” shall mean the 2000 edition of the trade terms published by the International Chamber of Commerce which
shall apply to this Agreement to the extent that they do not conflict with the provisions of this Agreement. 
 (u)
“Independent Inspector” means a duly licensed person or firm, appointed as agreed by Seller and Buyer, that performs a quantity or quality determination with respect to the Products received or delivered hereunder. 

(v) “Initial Term” has the meaning given such term in Section 1 of the Agreement. 

(w) “Interest Rate” means an annual rate (based on a 360-day year) equal to the lesser of (i) two percent
(2%) over the prime rate as published under “Money Rates” in the Wall Street Journal in effect at the close of the Business Day on which payment was due and (ii) the maximum rate permitted by Applicable Law. 

(x) “Liabilities” means actions, claims, causes of action, costs, demands, damages, expenses, fines, lawsuits,
liabilities, losses, obligations, and penalties including court costs, defense costs, and reasonable attorneys’ fees. 

  
 2 

 (y) “OPIS” means Oil Price Information Service. 

(z) “Seller” is defined in the preamble of this Agreement, and includes its successors and assigns. 

(aa) “Party” means Seller or Buyer, and “Parties” means Seller and Buyer. 

(bb) “Products” has the meaning given such term in Section 3(a) of the Agreement. 

(cc) “Refinery” means the petroleum refinery of Seller located in Paulsboro, New Jersey. 

(dd) “Specifications” has the meaning given such term in Section 3(i) of the Agreement. 

(ee) “Taxes” means any and all foreign, federal, state and local taxes, duties, fees and charges of every description
including all motor fuel, excise, gasoline, aviation fuel, special fuel, diesel, environmental, spill, gross earnings or gross receipts and sales and use taxes, however designated, paid or incurred with respect to the purchase, storage, exchange,
use, transportation, resale, importation, exportation or handling of the Products; provided, however, that “Taxes” does not include: (i) any tax imposed on or measured by net profits, gross or net income, or gross receipts (excluding,
for the avoidance of doubt, any transaction taxes such as sales, use, gross earnings or gross receipts or similar taxes that are based upon gross receipts, gross earnings or gross revenues received only from the sale of petroleum products);
(ii) any tax measured by capital value or net worth, whether denominated as franchise taxes, doing business taxes, capital stock taxes or the like; (iii) business license or franchise taxes or registration fees; or (iv) any ad valorem
or personal property taxes, 
 (ff) “Vessel” means any pushboat, towboat, barge, or other marine vessel or
combination thereof, employed or chartered for the purpose of transporting Product to and from the Docks. 
 2. Title and Risk of Loss.
Title to and risk of loss of the Products shall pass from Seller to Buyer as follows: when by or into any Vessel, at the last permanent shoreside flange between the Docks and the Vessel’s permanent connection; when into any track; tanker or
railcar, as the Products enter the flange connection of the receiving equipment; when by or into any pipeline as the Products puss the downstream flange of the meter measuring receipt of the Products upon intake, and . when by book or stock
transfer, on the effective date of the transfer. 
 3. Payments Terms. 

(a) Payments. Payments hereunder shall be made to Seller pursuant to the payment terms set forth in this Agreement. All payments
shall be made without offset, discount, deduction or counterclaim by wire transfer of immediately available funds to Seller at such account as Seller may designate in writing. Invoices and supporting documents received after 12:00 p.m. CST shall be
considered to be received on the next Business Day. 

  
 3 

 (b) Required Documentation. Supporting documentation shall be as follows: 

 

	 	(i)	For FOB Vessels, 

 (1) Invoice
(Facsimile acceptable). 
 (2) Copy(ies) of Independent Inspector’s report of loaded quantity (meter(s), shore measurements
and Vessel measurements) and quality (may be presented as two separate documents) (facsimile acceptable). 
  

	 	(ii)	FOB and Delivered Truck. 

 (1)
Invoice (facsimile acceptable). 
 (2) Track bill of lading 

 

	 	(iii)	FOB and Delivered Railcar 

 (1)
Invoice (facsimile acceptable). 
 (2) Tank car bill of lading. 

 

	 	(iv)	FOB and Delivered Pipeline. 

(1) Invoice. 

(2) Pipeline meter ticket. 
 (c) Split Weekend Clause. If the payment due date falls on a Sunday, or on a Monday that is not a Business Day in the place where payment is to be made, payment shall be made in immediately
available funds to Seller on the next Business Day after such payment due date. If the payment due date fails on a Saturday, or on a non-Business Day other than a Monday in the place where payment is to be made, payment shall be made in immediately
available funds to Seller on the last Business Day prior to such payment due date. 
 (d) Interest and Costs. Any amount
payable by Buyer hereunder shall, if not paid when due, bear interest from the payment due date until, but excluding the date payment is received by Seller, at the Interest Rate. 

(e) Disputed Invoices. If Buyer, in good faith, disputes the accuracy of the amount invoiced for Product delivered by Seller, Buyer
shall pay the undisputed amount of the invoice and provide written notice stating the reasons why the invoice amount is incorrect, along with supporting documentation acceptable in industry practice. In the event the Parties are unable to resolve
such dispute, either Party may pursue any remedy available at law or in equity to enforce its rights hereunder. In the event that it is determined or agreed that Buyer must or will pay the disputed amount then Buyer shall

  
 4 

 
pay interest from and including the original payment due date until, but excluding, the date the disputed amount is received by Seller at the Interest Rate. 

4. Financial Responsibility: If either Party’s undisputed payments or deliveries to the other Party shall be in arrears, or the financial
condition of either Party becomes substantially impaired or either Party is not able to perform its obligations under this Agreement, advance cash payment or satisfactory security shall be given upon demand, and shipments may be withheld until such
payment or security is received. If such payment or security is not received within five (5) days from demand therefor, the Party demanding such payment or security may suspend its performance under this Agreement until the other Party provides
such payment or security. In the event either Patty becomes insolvent, makes an assignment or any general arrangement for the benefit of creditors or if there are instituted by or against either Party proceedings in bankruptcy or under any
insolvency law or law for reorganization, receivership or dissolution, the other Party may withhold shipments or terminate this Agreement, to the extent provided by Applicable Law. The exercise by either Party of any right reserved under this
paragraph 3 shall be without prejudice to any claim for damages or any other right under this Agreement or Applicable Law. 
 5. Quality,
Quantity and Inspection. 
 (a) Inspection and Measurement of Products. API/ASTM Standards or the latest revisions
thereof shall be complied with at all times. All volumes or quantities of Products shall be adjusted per API/ASTM Standards. Metering systems shall conform to the API/ASTM Standards then in effect relative to meter calibration/accuracy. 

(b) FOB Vessel Deliveries. Unless otherwise agreed, inspection and measurement of Products delivered hereunder shall be made by an
Independent Inspector, the cost of which shall be borne equally by Buyer and Seller. At the designated point of custody and title transfer, the Independent Inspector shall hand gauge and record static shore tank measurements immediately before and
immediately after delivery of the Products to determine the volume of Products delivered. If relevant shore tank gauge measurements are not possible, then properly certified meter measurement is acceptable. If neither static shore tank measurement
or certified meters are available then determination of the volumes will be agreed to by the Parties. The quality of Product delivered by Vessel shall be based on analysis performed using in-line sampler or shore tank composite samples taken prior
to loading. If no in-line sampler or if shore tanks are active or not suitable, then vessel volumetric composite will bo used for quality determination. 
 (c) Truck and Rail. The quality of Product delivered into or out of trucks, tankers or railcars shall be based on shore tank composite samples taken prior to loading as evidenced by the Independent
Inspector’s report according to ASTM/API industry standards. Quantities of Products delivered into or out of trucks, tankers or railcars shall bo based on meters or shore tanks or scales located at or near the delivery point and evidenced by
bill of lading(s) or based on book, stock or inventory transfer. 
 (d) Pipelines. The quality of Product delivered into
or out of pipelines shall be in accordance with the specifications set forth by the relevant pipeline. Quantities shall be 

  
 5 

 
determined by pipeline motor tickets based on calibrated pipeline meters or if such meters are unavailable, by calibration tables, or based on book, stock or inventory transfer. 

Seller shall permit Buyer to review and copy relevant meter proving records and witness proving tests as requested. Samples of Products transferred
hereunder shall be retained for ninety (90) days. 
 6. Compliance with Applicable Laws. Seller and Buyer each agree to comply fully
in the performance of this Agreement with all Applicable Laws. All Products sold to Buyer-under this Agreement shall be produced and delivered in full compliance with all Applicable Law. The failure of Products to conform to the requirements of
Applicable Law shall, in addition to all of its available remedies, entitle Buyer to return the Products to Seller or take such other steps as are reasonably necessary to comply with Applicable Law. 

7. Warranty of Title. Seller represents and warrants to Buyer that (i) as of the date of delivery of the Products hereunder, Seller has
marketable title to the Products sold and delivered, free and clear of any liens or encumbrances, other than taxes that are due by Buyer and governmental and statutory liens securing payments not yet due and payable; (ii) Seller has full right
and authority to transfer such title of such Products to Buyer and (iii) the Products conform to the Specifications. EXCEPT FOR THOSE EXPRESSLY STATED IN THIS AGREEMENT, NEITHER PARTY MAKES ANY OTHER REPRESENTATIONS, GUARANTEES OR WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTY OF MERCHANTABILITY AND THAT OF FITNESS FOR A PARTICULAR PURPOSE, AS APPLICABLE. NOTWITHSTANDING ANY COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE (OR LACK THEREOF) INCONSISTENT
HEREWITH, SELLER HEREBY EXPRESSLY DISCLAIMS ANY AND ALL REPRESENTATIONS, GUARANTEES OR WARRANTIES, EXPRESS OR IMPLIED, OF MERCHANTABILITY OR FITNESS OF THE PRODUCT FOR A PARTICULAR PURPOSE. 
 8. Hazard Warning Responsibility: With the other documents required hereunder, Seller shall provide to Buyer a Material Safety Data Sheet for each Product delivered hereunder. Buyer acknowledges
that there may be hazards associated with the loading, unloading, transporting, handling or use of the Product sold hereunder, which may require that warnings be communicated to or other precautionary action taken with all persons handling, coming
into contact with, or in anyway concerned with the Products sold hereunder. 
 9. Deliveries; Liftings: Deliveries shall be made within
the delivery terminal’s usual business hours provided that reasonable advance written notice of each delivery has been given by Buyer. Nominations for pipeline delivery shall be given during normal business hours in accordance with the
pipeline’s policies and time constraints. Seller’s failure to deliver Product and Buyer’s failure to lift Product, each in accordance with the terms and conditions of this Agreement for any reason other than those included in
Section 4, Financial Responsibility, and Section 13, Force Majeure, shall constitute a default under this Agreement. 

10. Indemnity. SELLER AND BUYER MUTUALLY COVENANT TO AND SHALL PROTECT, DEFEND, INDEMNIFY AND HOLD EACH OTHER AND THEIR RESPECTIVE
AFFILIATES, DIRECTORS, OFFICERS, AGENTS AND 

  
 6 

 
CONTRACTORS HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, SUITS, LOSSES (INCLUDING WITHOUT LIMITATION, COSTS OF DEFENSE, ATTORNEYS’ FEES, PENALTIES AND INTEREST), DAMAGES, CAUSES
OF ACTION AND LIABILITY OF EVERY TYPE AND CHARACTER WITHOUT REGARD TO AMOUNT (TOGETHER, “LOSSES”) CAUSED BY, ARISING OUT OF OR RESULTING FROM THE ACTS OR OMISSIONS OF NEGLIGENCE OR WRONGDOING OF SUCH INDEMNIFYING PARTY, ITS
OFFICERS, EMPLOYEES, . CONTRACTORS OR AGENTS WITH RESPECT TO THE PURCHASE AND SALE OF PRODUCTS HEREUNDER, EXCEPT TO THE EXTENT SUCH LOSSES ARE CAUSED BY, ARISE OUT OF OR RESULT FROM THE ACTS OR OMISSIONS OF NEGLIGENCE OR WRONGDOING OF THE
INDEMNIFIED PARTY.  
 11. Limitation of Liability. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, NEITHER
SELLER NOR BUYER SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL OR CONSEQUENTIAL LOSSES OR DAMAGES, SPECIAL OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, WHICH ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE PERFORMANCE OR BREACH THEREOF
WHETHER IN CONTRACT, TORT OR OTHERWISE. 
 12. Taxes. 
 (a) Unless otherwise specifically provided in this Agreement, Seller shall be liable for any and all Taxes with respect to the Products delivered hereunder, the taxable incident of which occurs before the
transfer of title to the Products to Buyer, Unless otherwise specifically provided in this Agreement, Buyer shall be liable for any and all Taxes with respect to the Products delivered hereunder, the taxable incident of which occurs after transfer
of title to the Products to Buyer. If any ad valorem or personal property taxes are assessed against Products sold hereunder, the Party having title to the Products at the time such tax liability is assessed shall be responsible for payment of such
taxes. 
 (b) Unless specifically provided in the Agreement, any and all Taxes the taxable incident of which is the transfer of
title, regardless of the character, method of calculation or measure of the levy or assessment, shall be paid by the Party upon which the Tax is imposed by the applicable taxing authority. To the extent a Party (“X”) is required by
Applicable Law to pay or remit certain Taxes on behalf of the other Party (“Y”) or X otherwise pays Taxes for which Y is liable, Y shall reimburse X to the extent X paid such Taxes, Y’s reimbursements of Taxes to X shall be grossed up
as necessary to return to X, after payment of any taxes thereon, the amount actually paid by X. A Party shall not be responsible for any penalties or interest related to the obligations of the other Party in respect of Taxes to the extent such
penalties or interest accrue based on the actions or inactions of the other Party. 
 (c) If Buyer claims exemption from any of
the aforesaid Taxes, then Buyer, in lieu of payment of or reimbursement of such Taxes to Seller, shall furnish Seller with a properly completed and executed exemption certificate in the form prescribed by the

  
 7 

 
appropriate taxing authority. Buyer shall promptly notify Seller in writing of any change in the status of its exemption. 
 (d) Each Party shall provide to the other Party a properly executed Internal Revenue Service Form W-9 (or successor form), as appropriate, upon the execution of this Agreement and subsequently if the
information in such form becomes materially inaccurate or such form expires or becomes obsolete. Each Party further agrees to promptly deliver to the other Party any other tax form or certificate reasonably requested by the other Party. 

13. Force Majeure. 
 (a)
Affect of Force Majeure. Neither Party shall be liable to the other Party if it is rendered unable by an event of Force Majeure to perform in whole or in part any obligation or condition under this Agreement, for so long as the event of Force
Majeure exists and to the extent that performance is hindered by the event of Force Majeure; provided, however, that the Party unable to perform shall use commercially reasonable efforts to avoid or remove the event of Force Majeure (provided,
however, no Party shall be compelled to resolve any strikes, lockouts or other industrial disputes other than as it shall determine to be in its best interests). During the period that a Party’s performance of its obligations under this
Agreement has been suspended in whole or part by reason of an event of Force Majeure, the other Party likewise may suspend the performance of all or part of its obligations to the extent that such suspension is commercially reasonable, except for
any payment and indemnification obligations arising prior to the occurrence of such Force Majeure event. 
 (b) Notice. If
the event of Force Majeure renders either Party unable, in whole or in part, to carry out its obligations under this Agreement, such Party (the “Notifying Party”) must give the other Party (the “Noticed Party”) notice and full
particulars in writing as soon as practicable after the occurrence of the causes relied upon, or give notice by telephone and follow such notice with a written confirmation within forty-eight (48) hours. 

(c) Termination. In the event that the period of suspension due to a Force Majeure event shall continue in excess of 30 days from
the date that notice of such event is given, and so long as such event is continuing, either Party, in its sole discretion, may terminate such affected transaction by written notice to the other Party, and neither Party shall have any further
liability to the other Party in respect of such transaction except for the rights and remedies previously accrued. 
 14. Independent
Contractor. In performing their respective services pursuant to this Agreement, Seller and Buyer are acting solely as independent contractors maintaining complete control over their respective employees, facilities, and operations. Neither
Seller nor Buyer is authorized to take any action in any way whatsoever for or on behalf of the other, except as may be necessary to prevent injury to persons or property, or, in accordance with this Agreement, to contain, reduce or clean up any
spills that may occur. 

  
 8 

 15. Default. A Party will be in default if it: (a) breaches this Agreement, and the breach is
not cured within fifteen (15) business days after receiving notice from the non-defaulting Party; (b) is dissolved, other than pursuant to a consolidation, amalgamation or merger, (c) becomes insolvent or is unable to pay its debts or
fails or admits in writing its inability generally to pay its debts as they become due, (d) makes a general assignment, arrangement or composition with or for the benefit of its creditors, (e) institutes or has instituted against it a
proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditor’s rights, or a petition is presented for its winding-up or liquidation, (f) has a
resolution passed for its winding-up, official management or liquidation, other than pursuant to a consolidation, amalgamation or merger; (g) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator,
receiver, trustee, custodian or other similar official for all or substantially all of its assets, (h) has a secured party take possession of all or substantially all of its assets, or has a distress, execution, attachment, sequestration or
other legal process levied, enforced or sued on or against all or substantially all of its assets, (i) files an answer or other pleading admitting or failing to contest the allegations of a petition filed against it in any proceeding of the
foregoing nature or (j) takes any other action to authorize any of the actions set forth above. In the event of default, the non-defaulting Party may terminate this Agreement upon notice to the defaulting Party. 

16. Liquidation Clause. The Parties acknowledge that this Agreement is a “Forward Contract” as defined in the Bankruptcy Code [(11
U.S.C. Sec. 101(25)]. If one Party (the “Defaulting Party”) (i) shall voluntarily file a petition in bankruptcy, reorganization, or receivership or shall be forced by its creditors into bankruptcy, reorganization or receivership,
(ii) becomes insolvent or incapable of paying its debts as they become due, or (iii) makes a general assignment for the benefit of creditors, the other Party (the “Liquidating Party”) shall have the immediate right,
exercisable in its sole discretion, to liquidate this Agreement and all other forward contracts as defined in the Bankruptcy Code then outstanding between the Parties (whether the Liquidating Party is Seller or Buyer thereunder) by closing out all
such contracts at the then current market prices so that each contract being liquidated is terminated except for the 
 settlement payment
referred to below. The Liquidating Party shall calculate the difference, if any, between the price specified in each contract so liquidated, and the market price for the relevant commodity as of the date of liquidation (as determined by the
Liquidating Party in any commercially reasonable manner), and aggregate or net such settlement payments, as appropriate, to a single liquidated amount. Payment of said settlement payment will be due and payable within one (1) Banking Day after
reasonable notice of liquidation, The liquidation and close-out of this Agreement and all other forward contracts is in addition to any other rights and remedies which the other Party may have. 

17. Miscellaneous. 
 (a)
Notices. Any notice required under this Agreement must be sent or transmitted by (a) United States mail, certified or registered, return receipt requested, (b) confirmed overnight courier service, or (c) confirmed facsimile
transmission properly addressed or transmitted to the address of the Party indicated below or to such other address or facsimile number as one Party shall provide to the other Party in accordance with this provision. All notices, consents, requests,
demands and other communications hereunder are to be in writing, and are deemed to have been duly given or made on the 

  
 9 

 
delivery date if delivery is made before or during applicable normal business hours or on the next Business Day if delivered after applicable normal business hours. In the event a delivery/notice
deadline fails on weekend or holiday, then the applicable deadline will be extended to include the first Business Day following such weekend or holiday. 
  

			
	 If to Seller:
	  	 Seller
 Paulsboro Refining
Company LLC
 Attn. General Counsel
 One
Sound Shore Drive, Suite 303
 Greenwich, CT 06830
 FAX: 203-629-1606

		
	 If to Buyer:
	  	 Valero Marketing and Supply Company
 Attn: SVP Product Supply and Wholesale Marketing
 One Valero Way

San Antonio, TX 78249-1616
 Fax: (210)
345-[         ]

 (b) No Waiver. No waiver of any right under this Agreement at any time will serve to waive of the
same right at any future date. 
 (c) Amendment. No amendment to this Agreement will be effective unless made in wilting
and signed by an officer or other authorized representative of both Parties. 
 (d) Severability. If a provision of this
Agreement is unenforceable under any Applicable Law, that provision will be enforced to the maximum extent permitted by Applicable Law. The remaining provisions of this Agreement will continue in full force and effect, 

(e) Assignment. Buyer may not assign any of its rights, duties, or obligations provided for under this Agreement, in whole or in
part, without the prior written consent of Seller, such approval not to unreasonably withheld. Any purported assignment of this Agreement in violation if this Section 17(e) will be void. The above notwithstanding, Buyer shall have the
right to assign this Agreement to any Affiliate by providing written notice of such assignment to Seller. 
 (f) Audit:
Each Party and its duly authorized representatives shall have access during customary business hours to the accounting records and other documents maintained by the other Party which relate to this Agreement and shall have the right to audit such
records at any reasonable time or times within two (2) year after the delivery/receipt of Product provided for in this Agreement, However, a Party can only conduct one audit per year, and the same year cannot be re-audited. 

(g) Conflict of Interest. Neither Party will pay any commission, fee, or rebate to an employee of the other Party or favor an
employee of the other Party with any gift or entertainment of significant value. 

  
 10 

 (h) Choice of Law: Dispute Resolution: This Agreement shall be construed, interpreted
and the rights of the parties determined In accordance with the laws of the State of New York, exclusive of its conflict of laws principles. All controversies or disputes arising out of and related to this Agreement shall be resolved in accordance
with the dispute resolution procedures set forth in Exhibit D of the SPA. 
 (i) Jurisdiction; Consent to Service of
Process; Waiver. Each of the Parties hereto agrees, subject to Section 17(h), that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or
in equity, exclusively in any Federal or state court in the New York, New York and solely in connection with such claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any objection to laying
venue in any such action or proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be effected by mailing a
copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 17(a) of the Agreement. The foregoing consents to jurisdiction and service of process
shall not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the SPA) other than the Parties hereto.
Each of the Parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 

(j) Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original and part of
one and the same document. 
 (k) Entire Agreement. This Agreement represents the entire agreement of the Parties with
respect to the matters contemplated by this Agreement. 
 (l) Commissions and Gifts: No director, officer, employee or
agent of either Party shall give or receive any commission, fee, rebate, gift or entertainment of significant value or cost in connection with this Agreement. Further, neither Party shall make any commission, fee, rebate, gift or entertainment of
significant value or cost to any governmental official or employee in connection with this Agreement. 
 (m) Construction.
The following rules of construction will govern the interpretation of this Agreement: (a) “days,” “months,” and “years” will mean calendar days, months and years unless otherwise indicated;
(b) “including” does not limit the preceding word or phrase; (c) section titles do not affect interpretation; (d) “hereof,” “herein,” and “hereunder” and words of similar meaning refer to this
Agreement as a whole and not to any particular provision of this Agreement; and (e) no rule of construction interpreting this Agreement against the drafter will apply. 
 [End of General Terms] 

  
 11 

 EXHIBIT D 
 TERMINALING SERVICES FOR INHAUL 

  
 1 

 EXHIBIT D 
 ASPHALT MARINE TERMS 

  
 1 

 Exhibit I to Stock Purchase Agreement 

TRANSITION SERVICES AGREEMENT 
 THIS TRANSITION SERVICES AGREEMENT (the “Agreement”) dated             , is made and entered into by and between VALERO
REFINING AND MARKETING COMPANY, a Delaware corporation (“Seller”), and PBF HOLDING COMPANY LLC, a Delaware corporation (“Buyer”), (each a “Party” and collectively, the “Parties”). Capitalized terms used but
not defined herein shall have meanings assigned to them in the SPA (as that term is defined below), 
 Introduction

 Buyer and Seller have entered into a Stock Purchase Agreement dated as of
                 (the “SPA”), pursuant to which Buyer has acquired the Shares and thus, indirectly, the Refinery and the Business. 

Buyer has requested that Seller and its Affiliates, as appropriate, provide certain services to Buyer and Buyer’s Affiliates for the
period provided for herein to help facilitate the continued operation of the Business until such time as Buyer and its Affiliates have fully transitioned all aspects of running the Business over to Buyer’s personnel, systems, policies and
procedures. 
 Seller has agreed to provide (or cause to be provided by its Affiliates or otherwise) the services described in
this Agreement, according to its terms and conditions. 
 NOW, THEREFORE, in consideration of the foregoing premises, and the
mutual promises and covenants hereinafter contained, the Parties hereto, subject to the terms and conditions hereinafter set forth, agree as follows: 
 SECTION 1. SERVICES PROVIDED BY SELLER TO BUYER 
 In order to
continue the operation of the Business and to facilitate the orderly and effective transition of the Business from Seller to Buyer, Seller and its Affiliates shall use commercially reasonable efforts to provide Buyer and its Affiliates with certain
services (collectively, the “Services”) to the extent such Services may be reasonably requested by Buyer from time to time for the term of this Agreement. 
 The Services are set forth in Exhibit A, a copy of which is attached to and made a part of this Agreement. The applicable rates, fees and charges associated with each Service are also set forth in
Exhibit A. The hourly rates in Exhibit A for Services to be performed by employees of Seller and its Affiliates are based upon fully loaded rates contained in Seller’s and its Affiliates’ 2007 budgets, and do not include a
profit component. Any provision by Seller of services not specifically detailed in Exhibit A must be mutually agreed upon in advance in a written amendment to this Agreement containing the scope, rates, fees and charges associated with such
additional services. Seller reserves the right to outsource any Services by way of third party contracts, and such Services shall be billed to Buyer on a cost pass-through basis, without mark-up. 

  
 1 

 SECTION 2. PERFORMANCE OF SERVICES 

2.1 Manner of Performance. Seller agrees that it shall use commercially reasonable efforts to cause its personnel who
previously supported the Business prior to the Closing Date to perform the Services with the same degree of care, skill, confidentiality and diligence with which such personnel perform similar services for Seller and its Affiliates. Seller shall not
be required to add staff, equipment, facilities or other resources in order to provide any Service. If a dispute arises over the nature or quality of the Services, the prior practice of Seller with respect to the Services (since the time of
Seller’s acquisition by Valero Energy Corporation), as determined from the books and records of Seller relating to the Business, shall be conclusive as to the nature and quality of the Services. 

2.2 Provision of Information. Any data, information, equipment or general directions necessary for Seller or any of its
Affiliates to perform the Services shall be submitted by Buyer or its Affiliates in a timely manner. Information, data and directions to be provided by Seller and its Affiliates as part of the Services shall likewise be provided to Buyer in a timely
manner. 
 2.3 Termination of Any Service. The termination of any one or more of the specific Services shall have
no impact on Seller’s obligation to continue to provide any other Services, 
 2.4 Laws and Regulations.
Seller and Buyer acknowledge that the Services shall be provided only with respect to the Business. Buyer represents and agrees that it and its Affiliates will use the Services provided hereunder only in accordance with all applicable federal,
state and local laws and regulations, and in accordance with the conditions, rules, regulations and specifications which may be set forth in any manuals, materials, documents or instructions made available or communicated by Seller to Buyer or any
of its Affiliates on an ongoing basis throughout the term of this Agreement. In performing the Services, Seller will comply and will cause its Affiliates to comply, with all applicable federal, state and local laws and regulations. Seller reserves
the right to take all actions, including termination of any particular Service or Services, that Seller reasonably believes to be necessary to assure compliance with applicable laws and regulations (including specifically, but without limitation,
any applicable antitrust laws and regulations); provided, however, that Seller will provide Buyer with as much prior notice as practical before taking any such action. 
 2.5 Modification of Service Levels. While the Parties recognize that Buyer will initially need considerable assistance with the operation of the Business, they also acknowledge that
Buyer’s goal is to steadily increase its ability to operate the Business without Seller’s and its Affiliates’ assistance. In, furtherance of such goal, prior to the end of the sixth calendar month following the Closing Date and prior
to the end of each calendar month thereafter, the Parties will review the Services provided to discuss whether the Services will remain at the same level or decrease during the next immediately succeeding month. Buyer will notify Seller in writing
of any Service reduction or termination of Services pursuant to Section 8. Buyer will use commercially reasonable efforts to transition from the Services to self-operation as soon as reasonably possible, and will accordingly strive to reduce or
terminate, pursuant to this Section 2.5 and Section 8, each Service as soon as practicable. 

  
 2 

 SECTION 3. CHARGES FOR SERVICES 

From and after the date of this Agreement and throughout the term of this Agreement, Buyer agrees to pay to Seller on a monthly basis the
service fees set forth on Exhibit A. Monthly charges for a month that includes the Closing Date or a termination date for the Agreement or any individual Service shall be prorated, based on the number of days such Services are provided in
such partial month. 
 SECTION 4. PAYMENT OF CHARGES AND REIMBURSEMENTS 

On or before the 15th day of each month during the term of this Agreement, Seller shall make a diligent effort to submit to Buyer (or its
designee) an invoice for the Services provided hereunder during the immediately preceding calendar month representing amounts determined in accordance with Section 3, above, if any. Subject to Section 5.2, and except for amounts being
disputed by Buyer in good faith, Buyer shall remit payment within thirty (30) days after its receipt of such invoice. Unless otherwise agreed to in writing, Buyer shall remit all funds due under this Agreement to Seller (or its designee) either
by wire transfer or Automated Clearing House (ACH) in immediately available funds based on the instructions set forth in Exhibit B, a copy of which is attached to and made a part of this Agreement. 

If either Seller or any of its Affiliates incurs any reasonable out-of-pocket expense or remits funds to a third party on behalf of Buyer
or any of its Affiliates, in either case in connection with the rendering of any Service, then Seller shall include such amount on its monthly statement to Buyer, and Buyer will reimburse that amount to Seller (or its designee) as part of its
monthly payment. 
 SECTION 5. RECORDS AND AUDITS 

5.1 Records Maintenance and Audits. Seller shall, for the time period required by applicable law after the
termination of this Agreement, maintain records and other evidence sufficient to accurately and properly reflect the performance of the Services hereunder and the amounts due determined in accordance with Section 3 hereof. Buyer 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 Buyer shall be at Buyer’s sole cost and expense. Buyer shall have the right to audit Seller’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 Seller or any of its Affiliates with third parties limit the audit period to less than one year. 
 5.2 Disputed Amounts. In the event of a good-faith dispute as to the amount and/or propriety of any invoices or any portions thereof submitted pursuant to Sections 3 and 4, if
any, Buyer shall pay all undisputed charges on such invoice, but shall be entitled to withhold payment of any amount in dispute and shall promptly notify Seller in writing of such disputed amounts and the reasons each such charge is disputed. Upon
written request, Seller shall use commercially 

  
 3 

 
reasonable efforts to provide Buyer with sufficient records relating to the disputed charge so as to enable the Parties to resolve the dispute. In the event the Parties are unable to resolve the
dispute within 30 days after the invoice becomes due, the matter shall be submitted to Giant Thornton LLP, or such other accounting firm as the Parties shall agree, The fees and expenses related to such resolution of the dispute by such firm shall
be borne 50% by Buyer and 50% by Seller. Buyer shall remit payment of the amount determined by such firm to be properly payable not later than ten (10) days following such determination, together with interest thereon calculated daily at the
Applicable Rate. In the event of any overpayments by Buyer, Seller agrees to promptly (a) refund any such overpaid amount to Buyer, as well as (b) pay interest on the overpayment calculated daily at the Applicable Rate. The determination
of such accounting firm in resolution of the dispute shall be final and binding upon the Parties and enforceable by either Party in any court of competent jurisdiction, absent fraud or manifest error, So long as the Parties are attempting to resolve
the dispute, neither Party shall be entitled to terminate the Services related to, or the cause of, the disputed amounts. 
 5.3
Undisputed Amounts. Any statement or payment not disputed in writing by Seller or Buyer, as applicable, within one (1) year of the date of such statement or payment shall be considered final and no longer subject to
dispute or adjustment. 
 SECTION 6. CONFIDENTIALITY 

Each Party acknowledges that in connection with its performance under this Agreement, it may gain access to confidential material and
information that is proprietary to the other Party. Unless otherwise required by applicable law, each Party agrees: 
 (a) to hold such material and information in strict confidence and not make use thereof other than for performance under or enforcement of this Agreement or the operation of the Business; 

(b) to reveal such material and information only to those employees and contractors requiring such information in
connection with the performance of the Services or the operation of the Business only after such employees agree to be bound by the provisions of this confidentiality provision; and 

(c) not to reveal such material and information to any third person, except as necessary in connection with the
performance or evaluation of the Services or the operation of the Business, and then only to the extent that such persons agree to be bound by the confidentiality obligations set forth herein. 

This confidentiality provision shall survive for a period of two (2) years following the expiration or termination of this
Agreement. 

  
 4 

 SECTION 7. TERM OF AGREEMENT 

Unless sooner terminated pursuant to Section 8 hereof, this Agreement shall be for a term commencing on the
Closing Date and ending on the last day of the twelfth
(12th) calendar month following the month in which
the Closing Date occurs. 
 SECTION 8. TERMINATION 

8.1 Termination of Agreement. At any time, Buyer may terminate this Agreement for any reason whatsoever by giving
Seller at least ten (10) days’ prior written notice to that effect. Buyer shall pay Seller for all charges determined pursuant to Section 3 and incurred up to the date of such termination, Subject to Section 5, Seller may also
terminate this Agreement if Buyer does not tender payment of all undisputed amounts for the Services within ten (10) days after Buyer is given written notice of a failure to pay. 

8.2 Termination of Services. At any time or from time to time, Buyer may terminate any one or more of the
specific Services provided hereunder by giving Seller at least ten (10) days’ prior written notice to that effect, Either Party may terminate any one or more of the specific Services if the providing of such Service would violate any
applicable regulation, statute, ordinance or other law; provided, however, that Seller shall give Buyer as much prior notice as practical before taking any such action. 

SECTION 9. MISCELLANEOUS 
 9.1 Assignment. Neither Party shall assign, in whole or in part, any of the rights, obligations or benefits arising under this Agreement without the prior written consent of
the other Party, except by operation of applicable law, except that either Party may assign its rights, obligations and benefits hereunder to any Affiliate of such Party, provided the assigning Party shall continue to remain jointly and severally
liable for all of its assignee’s obligations hereunder. 
 9.2 Force Majeure. Seller shall not
have any obligation to perform any specific Service hereunder if its failure to do so is caused by or results from any act of God, governmental action, natural disaster, strikes, terrorism, war, insurrection or any other cause or circumstances
beyond its control. During the term of the force majeure, Buyer shall not have an obligation to pay for the specific Service that is subject to the force majeure. 
 9.3 Notices. All notices and other communications that are required to be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly
given if delivered in person or by courier or mailed by registered or certified mail (postage prepaid, return receipt requested) to the relevant Party hereto at the following addresses or sent by facsimile to the following numbers: 

  
 5 

 If to Seller: 

Valero Refining and Marketing Company 
 c/o Valero Energy Corporation 
 One Valero Way 

San Antonio, Texas 78249-1616 
 Attention: General Counsel 
 Telephone: (210) 345-2246 

Facsimile: (210) 345-5889 
 If to Buyer: 
 PBF Holding Company LLC 

One Sound Shore Drive, Suite 303 
 Greenwich, CT 06830 
 Attention: General Counsel 

Telephone: (203) 629-1577 
 Facsimile: (203) 629-1606 
 or to such other address or facsimile number as Seller or Buyer
may, from time to time, designate in a written notice given in accordance with this Section 9.3. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient,
(b) if sent by facsimile transmission, upon actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal
business hours, or (c) if mailed, upon the earlier of five days after deposit in the mail and the date of delivery as shown by the return receipt therefor. 
 9.4 Severability. In the event any portion of this Agreement shall be found by a court of competent jurisdiction to be unenforceable, that portion of this Agreement will be
null and void and the remainder of this Agreement will be binding on the Parties as if the unenforceable provisions had never been contained herein. 
 9.5 Waiver. No waiver by either Party of any term or breach of this Agreement shall be construed as a waiver of any other term or breach hereof or of the same or a similar term
or breach on any other occasion. 
 9.6 Amendment. No modification or amendment of this Agreement
shall be binding upon either Party unless in writing and signed by the Parties hereto. 
 9.7 Entire
Agreement. This Agreement, together with all exhibits attached thereto, constitutes the entire agreement between the Parties pertaining to the subject matter hereof, and supersedes all prior agreements, understandings, negotiations and
discussions, whether oral or written, of the Parties hereto regarding the subject matter hereof. 

  
 6 

 9.8 Warranty. SELLER DOES NOT MAKE, AND
EXPRESSLY DISCLAIMS, ANY WARRANTIES OR REPRESENTATIONS EXPRESSED OR IMPLIED, WITH RESPECT TO THE SERVICES INCLUDING, WITHOUT LIMITATION, FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY. 

9.9. Limitation of Liability. NEITHER PARTY NOR ANY OF ITS AFFILIATES SHALL BE LIABLE TO THE OTHER OR THE
OTHER’S AFFILIATES FOR ANY INCIDENTAL, INDIRECT, SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY KIND OR NATURE WHATSOEVER, INCLUDING LOST PROFITS AND GOODWILL, EXCEPT TO THE EXTENT THE SAME ARE PAYABLE BY A PARTY OR ITS
AFFILIATES TO AN UNAFFILIATED THIRD PARTY AND ARE COVERED BY THE OTHER PARTY’S INDEMNIFICATION OBLIGATIONS HEREUNDER. SELLER’S AND ITS AFFILIATES’ COLLECTIVE MAXIMUM LIABILITY TO BUYER WITH RESPECT TO ALL CLAIMS ARISING OUT OF THIS
AGREEMENT SHALL BE LIMITED IN THE AGGREGATE TO THE AMOUNT PAYABLE HEREUNDER BY BUYER OR ANY OF ITS AFFILIATES, SELLER’S LIABILITY FOR DIRECT DAMAGES SHALL NOT EXCEED THE AMOUNT OF FEES PAID TO SELLER UNDER THIS AGREEMENT. 

9.10 Indemnification. Each Party shall release, defend (upon the other Party’s request), protect, indemnify and
save the other Party harmless from and against all liability, claims, costs, expenses, demands, suits and causes of action of every kind and character arising in favor of or against such Party, its employees, contractors or agents, on account of
personal injuries to or death of any person, or damages to or the loss or destruction of property, to the extent incident to or in connection with or arising out of: (a) the presence of any of such Party’s employees, contractors or agents
on the other Party’s premises, or (b) the negligent act or omission of such Party or its employees, contractors or agents. The foregoing specifically includes, but is not limited to, environmental claims, but shall not be interpreted to
require either Party to indemnify the other Party against the gross negligence or willful misconduct of a Party, its employees, contractors or agents. 
 9.11 Independent Contractor. The Parties hereto agree that the Services rendered by Seller or any of its Affiliates in the fulfillment of the terms and obligations of this Agreement
shall be as an independent contractor and not as an employee of Buyer and with respect thereto, Seller, Seller’s Affiliates and their respective employees, contractors or agents are not entitled to the benefits provided by Buyer to its
employees including, but not limited to, its group insurance and participation in any employee benefit and pension plans maintained by Buyer. Further, nothing stated in this Agreement shall be construed to make Seller or any of its Affiliates an
agent, partner or joint venturer of or with Buyer or any of its Affiliates, No employee, contractor or agent of either Seller or any of its Affiliates shall represent himself to third persons to be other than an independent contractor of Buyer or
any of its Affiliates, nor shall he permit himself to offer or agree to incur or assume any obligations or commitments in the name of Buyer or for Buyer without the prior consent and authorization of Buyer. 

9.12 No Fiduciary Relationship. It is expressly understood and agreed that this Agreement is a purely commercial
transaction between Seller and Buyer and that nothing stated herein shall operate to create any special or fiduciary duty that either Seller or any of its Affiliates 

  
 7 

 
shall owe to Buyer or vice versa. Nothing stated herein shall obligate or require Seller to do anything which Seller deems to be detrimental or injurious to any other business or commercial
activities of either Seller or any of its Affiliates, and it is expressly understood and agreed that Seller shall be obliged to exert only commercially reasonable efforts in providing Services hereunder. 

9.13 Applicable Law; Dispute Resolution. This Agreement shall be governed by and be construed in accordance with the
laws of the State of New York, exclusive of its conflict of laws principles. All controversies or disputes arising out of and related to this Agreement shall be resolved in accordance with the dispute resolution procedures set forth in Exhibit D of
the SPA. 
 9.14. Jurisdiction; Consent to Service of Process; Waiver. Each of the Parties hereto agrees to
the jurisdiction, subject to Section 9.13, that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any Federal or state
court in the State of New York and solely in connection with claims arising under such agreement or instrument or the transactions contained in or contemplated by such agreement or instrument, (i) irrevocably submits to the exclusive
jurisdiction of such courts, (ii) waives any objection to laying venue in any such action or proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and
(iv) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mall), postage prepaid, to it at its address specified in Section 9.3 of the
Agreement. The foregoing consents to jurisdiction and service of process shall not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any
Person (as such term in the SPA) other than the Parties hereto. Each of the Parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any
counterclaim therein. 
 9.15 Availability of Equitable Relief. Each of the Parties hereto recognizes that
irreparable injury will result from a breach of any provision of this Agreement and that money damages will be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to Section 9.13
shall have the power to grant temporary or permanent injunctlve or other equitable relief. Notwithstanding Section 9.13, prior to the appointment of the arbitrators, a party hereto may, subject to Section 9.14, seek temporary injunctive
relief from any court of competent jurisdiction; provided that the party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court
ordered relief shall not continue more than 10 days after the appointment of the arbitrators (or in any event for longer than 60 days). 
 9.16 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same
instrument. 
 9.17 Conflict of Terms. If the terms of this Agreement conflict with terms of the SPA with
respect to any matter, then the terms of the SPA will control. 
 [Signature page follows] 

  
 8 

 The Parties hereto have executed this Agreement on the date first above written, to be
effective as of the Closing Date. 
  

			
	VALERO REFINING AND MARKETING COMPANY
		
	By:	 	 
	Name:	 	
	Title: 	 	
	
	PBF HOLDING COMPANY LLC
		
	By:	 	 
	Name:	 	
	Title: 	 	

 [Signature Page to Transition Services Agreement] 

 EXHIBIT A 
 SERVICES PROVIDED BY SELLER TO BUYER 
 AND 

APPLICABLE RATES, FEES AND CHARGES 
 GENERAL PRINCIPLES 
 I. Rates and Expenses 

Services will be performed at the following rates, plus any applicable taxes imposed on the performance of such services; the rate for all Services shall
be $[REDACTED] per hour; provided, however, that on the first day of the sixth calendar month after the Closing Date the rate for all services will increase to $[REDACTED] per hour and on the first date of the ninth calendar month after the Closing
Date, the rate for all services will increase to $[REDACTED] per hour. 
 Seller or its Affiliates, in their sole discretion, may utilize third
parties to perform any Service. All third party expenses incurred by Seller or its Affiliates in connection with their performance of the Services will be passed on to and reimbursed by Buyer at the third party’s invoiced rate. 

II. Nature and Scope of Services 
 The
Services consist of those set forth below in this Exhibit. Each of the Services shall be provided for the full twelve month term of this Agreement, unless a shorter period is expressly provided for below or Buyer notifies Seller of its election to
shorten the period during which any particular Services are to be provided. 
 III. Advice and Consultation 

Where this Exhibit contemplates that Seller or its Affiliates will provide general advice, training or consultation, the Parties anticipate that such
advice, training or consultation, if not provided by telephone, facsimile or email, will be provided in person either at the Refinery (with respect to Services heretofore provided at the Refinery) or at the San Antonio offices of Seller and certain
of its Affiliates (with respect to Services normally performed by Seller and its Affiliates in San Antonio). 
 IV. Competition

 The sole purpose of this Agreement is to effect the timely and orderly transition of the Business from Seller to Buyer in a manner
intended to minimize Business disruption, which could in turn disrupt the supply of refined products to relevant markets. Because Seller and Buyer desire to ensure compliance with state and federal laws relating to the preservation of competition,
and to avoid even the possible appearance of impropriety, they agree as follows: 
  

	1.	 There shall be no discussion or exchange of information between the parties regarding past, present or future pricing decisions or any aspect of
prices, except as they relate to the 

	 	
Refinery and then only to the extent necessary in the performance of the Services and the transition of the Business. 

 

	2.	There shall be no discussion or exchange of information between the patties regarding costs they have incurred for crude oil or any other aspect of their respective
businesses, except as they relate to the Refinery and then only to the extent necessary in the performance of the Services and the transition of the Business. 

 

	3.	Discussions or the exchange of any information that may be competitively sensitive are to be avoided. This would include information regarding the parties’ sales,
inventory volumes, production levels and capacity, distribution and marketing strategies and business expansion or contraction plans, except as the foregoing relate to the Refinery and then only to the extent necessary in the performance of the
Services and the transition of the Business. 

 SERVICES 

I. Secondment 
 The employees listed
below (the “Seconded Employees”) will be seconded to Buyer for so long as they remain employees of Seller or its Affiliates and for so long as Buyer requires their services up to a maximum of 180 days after the Closing Date. Buyer will
provide Seller with at least twenty five (25) Business Days’ prior written notice that it no longer requires the services of each such employee: 
  

	 	(i)	None 

 During the Term, or such shorter period
as determined by Buyer, the Seconded Employees shall provide 100% of their time to Buyer to perform Services. It is agreed that during the secondment the Seconded Employees will take their general work direction from Buyer. However, the Seconded
Employees shall remain employees of Seller or its Affiliates and each will continue to be treated as an employee of Seller or its Affiliates, including, but not limited to, payment of wages, insurance, taxes, workers compensation coverage and
benefits. 
 II. General Consultation 
 To the extent not expressly provided below, Seller will make reasonably available for questions from and meetings with Buyer other San Antonio headquarters personnel knowledgeable about the
Refinery’s operations during its ownership by Seller, in an effort to facilitate knowledge transfer concerning all aspects of Refinery operations during Seller’s ownership. 
 III. Accounting and Finance Services 
 Seller will provide the following accounting and
finance services to Buyer for the Business at the same level and to the same extent as the same were provided by San Antonio headquarters 

  
 2 

 
personnel prior to Closing (subject to adjustment and reduction as mutually agreed by the Parties as these functions are transitioned to Buyer during the term of this Agreement): 

 

	1.	General Accounting: Closing expense books at month end by recording expense accruals, recording third party sales of steam and electricity, recording line handling
fees, recording capital accruals, preparing balance sheet reconciliations, setting up AFEs in SAP as they relate to the refining operations. The Services do not relate to general ledger accounting, including business combination accounting,
financial statement generation, consolidation or other financial reporting for the Buyer. 

  

	2.	Accounts Payable: Pay invoices after funding is received from PBF and the appropriate approvals are received by PBF employees. Reconcile GRIR accounts periodically.

  

	3.	Hydrocarbon Accounting: 

  

	 	(i)	Record and track crude and feedstock purchases and related secondary costs at the designated prices in Seller’s existing accounting systems.

  

	 	(ii)	Record and track the daily production and consumption of all hydrocarbons in Seller’s existing accounting systems. 

 

	 	(iii)	Provide a detail of inventories owned by PBF inside the refinery gates at the weighted average purchase price for the month. No LIFO calculation will be performed.

  

	 	(iv)	Record and track all hydrocarbon inventory volume and price data, and generate daily volumetric and dollarized charge and yield statements. 

 

	 	(v)	Generate week ending and month ending charge and yield reports showing all physical transfers in and out of the refinery. 

 

	 	(vi)	Warehouse all data and transfer to Buyer at the end of the Transition Services related to Hydrocarbon Accounting. 

 

	4.	Accounts Payable Accounting: The Parties will cooperate to settle any accounts payable cutoff issues, such as the proper payment of and accounting for invoices received
immediately before and after Closing, and the allocation of expenses related to projects in progress at Closing. 

  

	5.	Seller’s accounting personnel shall be reasonably available to answer questions from Buyer. 

 

	6.	Treasury Services: Seller will provide Buyer with Treasury and Cash Management services as reasonably required by Buyer. Post closing Cash Management services,
procedures and supplemental fees will be agreed upon and documented by Buyer and Seller prior to closing. 

  
 3 

	7.	Tax 

  

	 	(i)	Provide Buyer assistance regarding property tax issues, renditions and payments and provide to Buyer, within 10 days of receipt, copies of any notices, assessments,
property tax statements or other communications received from taxing authorities related to the property acquired by Buyer. 

  

	 	(ii)	Provide Buyer assistance with state and local tax filings and payments, including assistance as necessary with any audits and the sharing of any documentation necessary
for timely and accurate submittals. 

  

	 	(iii)	Seller’s tax and finance personnel shall be made reasonably available to answer questions from Buyer. 

 

	8.	Seller will promptly forward to Buyer for payment any invoices received by Seller that are properly payable by Buyer under the terms of the SPA.

  

	9.	Seller will assist Buyer with required FERC Quarterly and Annual Report filings for the Pipeline. 

 

	 	(i)	Seller will provide buyer with a mapping from the SAP Chart of Accounts to FERC accounts. 

 IV. Crude and Products Supply, Marketing and Transportation. The Services do not include any activities related to (i) the purchase, supply or transportation of crude oil or other feedstocks
for the Refinery, or (ii) the marketing or transportation of any petroleum products produced at the Refinery, except for the limited services provided in Transportation Services below. For the avoidance of doubt, Buyer acknowledges that it
shall perform its own hedging activities and neither Seller nor any of its Affiliates has any obligation to perform hedging on behalf of or for the benefit of Buyer or any of its Affiliates. 
 V. Transportation Services 
  

	1.	Seller shall provide railcar management services, including but not limited to: 

 (i) Seller will provide Buyer a weekly spreadsheet for all Company rail freight invoiced to Seller (including its Affiliates). Upon approval by Buyer, Buyer shall provide funds one (1) day in advance
to Seller to enable Seller to timely pay the railroads provided Seller gives Buyer no less than two Business Days prior notice of the amount of such payments. 
 (ii) Seller shall continue to pay rentals and maintenance and inspection costs for all Loaned Railcars, and such amounts shall be invoiced to and reimbursed by Buyer hereunder. 

  
 4 

 (iii) Seller shall continue to coordinate railcar staging and switching operations with
schedulers involved in crude and product movements into and out of Paulsboro 
 (iv) Seller’s rail operations personnel will
be reasonably available to consult with and train Buyer’s rail operations personnel 
  

	2.	Seller and its Affiliates shall provide advice and consultation to Buyer’s relevant personnel regarding product and feedstocks movements into and out of the
Refinery by truck, and regarding the administration of carrier access agreements. 

 VI. IT Services 

 

	1.	Until all requisite IT services are taken over by Buyer, Seller will provide the same level and type of technical infrastructure and application system support and
services as were being provided to the Company as of the Closing Date. This includes but is not limited to support/services for all required applications systems, data and voice networks, servers, email, telecommunications, internet, desktop,
helpdesk, and data backup and recovery. Seller will not be obligated to provide any services previously provided by Refinery-based employees who will become employees of Buyer or any of its Affiliates at Closing. Further, Seller will not generally
provide any Buyer employees with access to the Valero Intranet or any other Valero systems; however, Seller will provide former employees of Seller or its Affiliates or their replacements who are based at the Refinery with alternate means to access
those Valero-retained applications necessary for them to continue to perform the required business functions of the Refinery and to enable Seller to perform the services under this agreement. 

 

	2.	Seller will provide Buyer with the necessary files and data extracts to enable Buyer to migrate the Business Intellectual Properly from Seller’s IT platform to
Buyer’s IT platform. The first [REDACTED] hours to provide the necessary files and data extracts will be provided by Seller, regardless of whether the Services are actually performed by Seller or by a third party. Any time spent in excess of
the [REDACTED] hours shall be paid for by Buyer. 

  

	3.	Seller and Buyer will cooperate in good faith to schedule and implement all other activities required to complete the transition of IT facilities and services from
Seller to Buyer. Seller’s obligation with respect to network and application set-up shall be limited to providing advice and consultation as to how the network is currently designed and how the applications and interfaces currently operate and
support the business process as required to give Buyer the knowledge needed to set up their systems; Seller shall not be obligated, however, to perform any setup services or other work on Buyer’s network or applications. Seller will not provide
any support or services for systems and applications based on the servers located at the Refinery. Seller will not be required to reconfigure its systems other than to achieve the legal separation and perform the specified transition services for
the Refinery. Upon execution of this Agreement, Buyer will pay to Seller all license and maintenance fees for any hardware and software necessary to perform the IT Services for Buyer and prorated based on other Seller uses of such hardware and
software, which will be billed to Buyer monthly from Seller. 

  
 5 

	4.	The expected time frames for IT services are as follows: 

 [REDACTED] 
 VII. Strategic Sourcing. Seller’s Strategic Sourcing personnel will
assist the Refinery procurement staff in the administration of any Multi-Site Contracts that the vendors thereunder have agreed to continue to honor as to the Refinery post-Closing, to the same extent as the Strategic Sourcing group has heretofore
supported the Refinery. In addition, Strategic Sourcing personnel will provide Buyer with the names of vendor account managers for such Multi-Site Contracts. 
 VIII. Human Resources. Seller will assist with the administration of human resources systems services heretofore provided by Seller’s and its Affiliates’ headquarters level personnel,
including payroll (including related timekeeping), benefits administration (while on Vatero’s benefits), personnel records management, training records and Valero HR information systems, Upon request, Seller will also consult with Buyer’s
personnel regarding Union grievances, employee dispute resolution matters, and labor relations. Seller and Buyer will each designate a team of qualified individuals to work on an appropriate HR transition plan. 

For the avoidance of doubt, Buyer acknowledges and agrees that Seller and its Affiliates will not be providing pension administration services, 2011
benefits open enrollment, 401(k), nor will they be required to add or modify any of their benefits plans, employee programs or HR Systems as part of or in order to perform any Services. 
 IX. Foreign-Trade Zone Operations Seller will consult with Buyer (or any third parties Buyer engages to operate its foreign-trade zone (“FTZ”)) in order to provide information reasonably
required by Buyer in order to operate the FTZ. Seller reserves the right to cease FTZ operations until such time as Buyer has met all prerequisites to reactivate the FTZ under new ownership pursuant to 19 C.F.R. Part 146. In the event both parties
mutually agree to continue FTZ operations, Seller will assist Buyer in operating the FTZ to the extent permitted under applicable law and both parties will designate a team of individuals to work on an appropriate transition plan. Buyer will, at all
times, be responsible for paying all customs-related duties, 

  
 6 

 
taxes, fees, interest, penalties, and any sums whatsoever relating to the services provided hereunder except as otherwise provided herein. 

As noted in the SPA, Buyer will be required to obtain its own software to manage the FTZ (or engage a consultant with the requisite software) because
Seller uses enterprise software that must be retained to service other foreign-trade zones at Affiliate refineries. 
 References in this
Section to Seller include any applicable Affiliate of Seller who performs these duties at the Seller headquarters offices in San Antonio. 

X. Health, Safety and Environmental. Seller and its Affiliates will cooperate with personnel designated by Buyer to transition any HS&E
activities for the Business that have heretofore been performed at the San Antonio headquarters level (as opposed to those heretofore customarily conducted at the Refinery). 
 XI. Lubricant Base Oil and Product Marketing (“Lubes Marketing”). Seller understands that Buyer will not be able to take on Lubes Marketing activities at Closing. Accordingly, Seller will
retain responsibility for these activities under a transitional offtake and netback agreement as mutually agreed between the parties. Key provisions to this agreement include: 

 

	 	•	 	 At Closing, Seller and Buyer will measure the lubricants base oil inventory, and Seller will retain this inventory (the “Retained Lubes
Inventory”). 

  

	 	•	 	 Seller shall retain the commercial contracts and Intellectual Property related to the sale of Lubes to facilitate the Lubes Marketing during the
transition period. 

  

	 	•	 	 Seller will retain all non-Paulsboro employees involved in Lubes Marketing. Employees located at Paulsboro that are primarily responsible for
scheduling lubes movements or blending lubricants will become employees of Buyer at Closing, but will provide scheduling and other services necessary for Seller to perform Lubes Marketing. 

 

	 	•	 	 Seller will sell lubricants base oil for the Seller’s account from the Retained Lubes Inventory. During this period, Buyer or the Company will
continue to produce lubricant base oils which will be commingled with the Retained Lubes Inventory. 

  

	 	•	 	 The Buyer or the Company will continue to produce lubricants base oils in sufficient quantities to satisfy the obligations of the commercial contracts
over the term of the Transition Services Agreement. 

  

	 	•	 	 Once the Retained Lubes Inventory is exhausted, Seller will purchase lubricants base oil from the Buyer or the Company at the weighted average contract
prices, less a marketing fee. This fee will be in lieu of the hourly fee noted in under the Rates and Expenses section at the beginning of Exhibit A. The marketing fee will be sufficient to cover Seller’s fully-burdened costs, but will not
contain a profit margin. 

  

	 	•	 	 Sales will be handled via the existing commercial contracts, utilizing the Seller’s accounting and IT systems as utilized by the Seller prior to
Closing. 

  

	 	•	 	 At the end of the transition period, the commercial contracts and Marketing Assets retained by Seller during the transition period and used exclusively
for Lubes Marketing 

  
 7 

	 	 
will be transitioned to Buyer. The timing of this will be as mutually agreed, but in no event will exceed the term of the Transition Services Agreement. 

 

	 	•	 	 The transitional offtake and netback agreement shall be in similar in form to the Offtake Agreement subject to the above terms.

  
 8 

 EXHIBIT B 
 PAYMENT INSTRUCTIONS 
 Until further notice, the following are wire transfer/ACH payment
instructions for payment to Seller (or its designee) owing under the terms of the Transition Services Agreement: 
 [REDACTED] 

  
 9 

 EXHIBIT J TO 
 STOCK PURCHASE AGREEMENT 
 EMPLOYEE MATTERS 

Section 1.1 Represented Employees. Buyer agrees that the Company shall continue to recognize the Union as the
exclusive representative for the employees in the bargaining unit covered by the Collective Bargaining Agreement. Subject to any limitations imposed by Law or applicable memoranda or letters of understanding, Buyer shall cause the Company to
maintain the Collective Bargaining Agreement in full force and effect during its current term, except for changes permitted under the Collective Bargaining Agreement, applicable memoranda or letters of understanding or mutually agreed to between the
Company and the Union. 
 Section 1.2 Retention of Employees. 

(a) Continued Employment. 

(i) Represented Employees. Buyer shall cause the Company to continue to employ after the Closing each Represented
Employee (excluding Long-Term Inactive Employees, except as set forth in Section 1.2(a)(iv)), and subject to the severance provisions in Section 1.8 as well as the applicable terms of the Collective Bargaining Agreement; and

 (ii) Non-Represented Employees. The schedule attached to this Exhibit J sets forth the list of the
Non-Represented Employees (the “Listed Employees”) that Buyer and the Company will not employ as of the Closing. Except as set forth in Section 1.8(c), with respect to Listed Employees, neither Buyer, nor Company after
Closing shall have any obligation to compensate, provide severance or benefits or otherwise have any other employment or wage obligations. Otherwise, after the Closing Date, Buyer shall have no obligation to continue the employment of any
Post-Closing Employee who is a Non-Represented Employee. 
 (iii) (A) Seller shall assume or retain
responsibility and liability, if any, for all Long-Term Inactive Employees, except after any re-employment to the extent that any Long-Term Inactive Employee becomes re-employed by the Company under Section 1.2(a)(iv) or
1.2(a)(v), and (B) Buyer shall assume and retain responsibility and liability, if any, for any Short-Term Inactive Employees, provided, however, (y) Seller shall be responsible for and reimburse Buyer for the costs of the short-term
disability benefits (including wages and benefits) for each Short-Term Inactive Employee as of the Closing Date for so long as the Short-Term Inactive Employee continues to be eligible to receive such short-term disability benefits and to the extent
such short-term disability benefits would have been included under the Company Plan as of the Closing Date, and (z) Seller shall be responsible for providing long-term disability benefits with respect to the disability of any Post-Closing
Employee in any case in which the onset of the disability occurred on or prior to the Closing and including cases where a Short-Term Inactive Employee becomes eligible for long-term disability benefits due to the same Pre-Closing occurrence.

  
 1 

 (iv) Long-Term Inactive Employees Who Are Represented Employees.
Buyer shall cause the Company to re-employ each Long-Term Inactive Employee who is a Represented Employee on the date such employee is able to return to work, provided such return to work is within twelve (12) months of the initial date of
disability in accordance with past practice. Notwithstanding any provision herein to the contrary except l.2(a)(iii)(z) above, upon re-employment, each such employee shall be considered a Post-Closing Employee for all purposes thereafter and shall
no longer be considered a Long-Term Inactive Employee. 
 (v) Long-Term Inactive Employees Who Are
Non-Represented Employees. If the Company re-employs any Long-Term Inactive Employee who is a Non-Represented Employee, within six (6) months of the Closing Date, upon re-employment, each such employee shall be considered a Post-Closing
Employee for all purposes thereafter and shall no longer be considered a Long-Term Inactive Employee. 
 The provisions of this Section
l.2(a) do not create any new or additional right or expectation of continued employment for Represented Employees or Non-Represented Employees. 
 (b) Employment Data. Seller shall, as of the Closing Date, provide Buyer with employment data, including the name, title, employment history (including years of service), and current salary, bonus
and incentive opportunity, accrued and used vacation, sick or short-term disability pay, exempt or non-exempt status, and the job grade of each Employee. 
 (c) Orderly Transition. Each Employee who continues employment with the Company after the Closing as described above is referred to herein as a “Post-Closing Employee”. 

(d) Employment Terms Assurances. 

(i) Represented Employees. Buyer shall cause to be provided to each Post-Closing Employee who is a Represented
Employee benefits that are reasonably comparable in the aggregate to those offered by the Company, Seller or Seller’s Affiliates, as applicable, to such Post-Closing Employee prior to the Closing Date, except that Buyer shall be entitled to
establish such benefits as may be allowed by the Collective Bargaining Agreement. Such benefits will be provided under plans established by Buyer as of the Closing Date or prior to the expiration of the Transition Period if contemplated under the
Transition Services Agreement, as applicable. 
 (ii) Non-Represented Employees. Buyer shall cause
benefits to be provided to each Post-Closing Employee who is a Non-Represented Employee for a period of at least 6 months beginning on the Closing Date (unless earlier terminated for cause) pursuant to Buyer’s employee benefit plans as will be
established as of the Closing Date, which shall be the same or similar to those plans offered to Buyer’s or Buyer’s Affiliates, similarly situated employees at other locations (“Buyer’s Plans”). 

Section 1.3 Service Recognition for Post-Closing Employees. 

(a) Represented Employees. Except as provided in this Section 1.3 and except to the extent otherwise
required by the Collective Bargaining Agreement or applicable 

  
 2 

 
memoranda or letters of understanding, Buyer shall ensure that all of Buyer’s Plans in which the Post-Closing Employees who are Represented Employees participate after the Closing recognize
the years of service with the Company and/or its Affiliates and predecessor employers prior to the Closing of such Post-Closing Employees (such past service as reflected in the employment data furnished to Buyer pursuant to
Section 1.2(b)) for eligibility, vesting and benefit determination purposes to the same extent as such Post-Closing Employee was entitled, before the Closing, to credit for such service under any similar Seller’s Plans, but Buyer
shall have no obligation to recognize such years of service for benefit accrual purposes. 
 (b)
Non-Represented Employees. Except as provided in this Section 1.3, Buyer shall ensure that all of Buyer’s Plans in which the Post-Closing Employees who are Non-Represented Employees participate after the Closing recognize the
years of service with the Company and/or its Affiliates and predecessor employers prior to the Closing of any such Post-Closing Employees (such past service as reflected in the employment data furnished to Buyer pursuant to
Section 1.2(b)) for eligibility, vesting and benefit determination purposes to the same extent as such Post-Closing Employee was entitled, before the Closing, to credit for such service under any similar Seller’s Plans, but Buyer
shall have no obligation to recognize such years of service for benefit accrual purposes. 
 Section 1.4
Retirement Plan Coverage. 
 (a) As a result of the transactions contemplated by this Agreement, from and
after Closing, the Company will no longer be considered an “affiliate” under ERISA for purposes of the Company Plans and no Post Closing Employee shall be eligible to accrue additional benefits under any such Company Plan. On and after the
Closing, Post-Closing Employees shall become participants in a tax-qualified retirement plan to be established by Buyer as of the Closing Date (“Buyer’s Pension”) with full credit for eligibility, vesting and benefit
entitlement purposes (but not for benefit accrual) for service with the Company and/or its Affiliates and predecessor employers prior to the Closing as provided for in Section 1.3. As of the Closing Date, Post-Closing Employees who are
participants in the Valero Energy Corporation Pension Plan (“Seller’s Pension Plan”) shall be fully vested in their accrued benefits under Seller’s Pension Plan. 

(b) Buyer shall permit each Post-Closing Employee to elect on the Closing Date (or as soon thereafter as reasonably
practicable) a direct rollover of his or her eligible rollover distributions except to the extent of any outstanding plan loans under the Valero Energy Corporation Thrift Plan and the Premcor Retirement Savings Plan, as applicable (collectively
“Seller’s Savings Plans”) to a tax-qualified defined contribution plan to be established by Buyer as of the Closing Date (the “Buyer’s Savings Plan”). Any such rollovers shall be made to the Buyer’s
Savings Plan in cash, Seller represents, covenants and agrees with respect to the Seller’s Savings Plans, and Buyer represents, covenants and agrees with respect to the Buyer’s Savings Plan, that, as of each date of a rollover described in
this paragraph, such plan (i) is intended to satisfy the requirements of Section 401(a) and (k) of the Code, and (ii) will have received, or an application will be timely filed for, a favorable determination letter from the
Internal Revenue Service regarding such qualified status. Buyer will have no obligation with respect to amounts attributable to Seller’s Savings Plans other than acceptance of the rollovers requested by Post-Closing Employees. Seller shall take
(or shall cause its Affiliates to take) any action required to 

  
 3 

 
ensure that Post-Closing Employees who are participants in the Seller’s Savings Plans shall be fully vested in their accounts in the Seller’s Savings Plans. 

Section 1.5 Welfare Plan Coverage. With respect to each Post-Closing Employee who elects to participate in Welfare
Plans to be established by Buyer prior to the expiration of the Transition Period if contemplated under the Transition Services Agreement, Buyer shall, to the extent allowed under Buyer’s Welfare Plans, waive any pre-existing condition
exclusions to coverage, any evidence of insurability provisions, any active at work requirement and any waiting period or service requirements that did not exist or had been waived or otherwise satisfied under Seller’s Welfare Plans, provided
the Post-Closing Employee enrolls within a reasonable period of time after first becoming eligible to enroll. 

Section 1.6 Post-Retirement Welfare Benefits. 

(a) Seller and its Affiliates shall be responsible for all post-retirement medical, dental and life insurance
(“Retiree Welfare Benefit”) coverage for any eligible Employees or eligible former employees who do not become Post-Closing Employees. Seller and its Affiliates also shall make available or cause to be made available Retiree Welfare
Benefit coverage (“Retiree Welfare Benefit Plan”) to any Post-Closing Employee who satisfies the eligibility requirements for a Retiree Welfare Benefit under the applicable plan as of the Closing Date and elects to participate in
the Retiree Welfare Benefit Plan offered by Seller, and each such eligible Post-Closing Employee shall be permitted to enroll in such coverage in accordance with the terms of the applicable Retiree Welfare Benefit Plan. 

(b) After the Closing, Buyer shall provide or cause to be provided coverage under Buyer’s then existing Welfare Plans
to all Post-Closing Employees up to age 65 and subject to eligibility requirements who do not satisfy the eligibility requirements for a Retiree Welfare Benefit as of the Closing Date or who do satisfy the eligibility requirements and do not elect
such coverage in accordance with the terms of the applicable Retiree Welfare Benefit Plan, and give full credit for service of such Post-Closing Employees with the Company and/or any of its Affiliates or a predecessor employer prior to the Closing
as provided for in Section 1.3. 
 Section 1.7 Other Benefits. 

(a) Buyer shall cause the Company to honor the Post-Closing Employees accrued vacation entitlement, except for any carry
over or banked amount. Promptly following the Closing Date, Seller shall pay Post-Closing Employees for vacation the Post-Closing Employees have carried over or banked from prior years up to and including the Closing Date. At the beginning of the
calendar year next succeeding the Closing Date, Post-Closing Employees shall be covered by Buyer’s vacation schedule (or the vacation schedule in the Collective Bargaining Agreement, as applicable) going forward but with recognition of past
service to determine vacation entitlement levels. Within thirty (30) days after the Closing, Seller will provide to Buyer a list of the accrued vacation entitlement for the Post-Closing Employees. Within thirty (30) days after the Closing
Date, earned and accrued vacation liabilities of Post-Closing Employees for the calendar year in which Closing occurs (the “Closing Year”) will be calculated as follows: the days during the Closing Year that Seller owned the Shares
will be calculated, as will the number of days Buyer will own the Shares. Fractions will be calculated in 

  
 4 

 
which the numerators will be the number of days during the Closing Year that Seller owned the Shares, and the number of days during the Closing Year that Buyer will own the Shares, respectively,
and the denominators will be the number of days in the year of the Closing Year. These fractions will be multiplied by the number of eligibility hours of vacation entitlement (not including carried over or banked vacation) for Post-Closing Employees
on the Closing Date, whether already taken or not. The resulting calculation will yield the number of hours of vacation attributable to the account of both Buyer and Seller. To the extent the total actual remaining vacation entitlement (not
including carried over or banked vacation hours) to be taken in the Closing Year by Post-Closing Employees is greater than the total number of vacation hours attributable to Buyer, Seller will pay Buyer the Dollar amount of the difference as an
adjustment to Net Working Capital. To the extent that the total actual remaining vacation entitlement (not including carried over or banked vacation hours) to be taken in the Closing Year by Post-Closing Employees is less than the total number of
vacation hours attributable to Buyer, Buyer will pay Seller the Dollar amount of the difference as an adjustment to Net Working Capital. This Dollar amount will be calculated by multiplying the total number of vacation hours (by which the total
actual remaining vacation entitlement less carried over or banked vacation hours to be taken in the Closing Year exceeds (or is less than) the total number of vacation hours attributable to Buyer or Seller in the Closing Year) by the average hourly
rate (based on an individual-by-individual rate analysis) or the average staff employee rate (based on an individual-by-individual rate analysis). 
 (b) Seller agrees to (or shall cause its Affiliates to agree to) (i) fully vest any stock options and shares of restricted stock granted to Post-Closing Employees who would otherwise forfeit those
awards as a result of this transaction under any stock incentive plan or stock option plan of Valero or any of its Affiliates, and (ii) permit all such options to be exercised for one year following the Closing Date, except to the extent the
option expires earlier. 
 (c) Seller agrees to pay (or cause its Affiliates to pay) to eligible Post-Closing
Employees a pro rata portion of any bonuses payable for the Closing Year based on the number of days prior to the Closing that the Post-Closing Employees were covered under Valero’s bonus plan, such payments to be based on targeted bonus
amounts for such employees under Valero’s bonus plan; provided, however, that any bonus payable to Represented Employees is discretionary and any potential payment is also subject to the execution of documentation determined to be
sufficient by the Seller. 
 (d) Buyer agrees to reimburse Post-Closing Employees for tuition payments incurred
by such Employees after the Closing for courses that began before the Closing, but only if such courses qualified for reimbursement under Seller’s Educational Assistance plan. 

Section 1.8 Liabilities and Indemnities. 

(a) Post-Closing Severance/WARN Act. Buyer and the Company shall be responsible for, and Buyer shall indemnify the
Seller Indemnitees from and against all Claims and Losses arising out of the notification or other requirements of the Worker Adjustment and Retraining Notification Act of 1988, as amended, and any comparable state Law (collectively, the
“WARN Act”), with respect to Post-Closing Employees after the Closing. However, Seller shall be responsible for, and shall indemnify the Buyer Indemnitees from and against all Claims

  
 5 

 
and Losses arising out of the notification or other requirements of the WARN Act with respect to Employees who do not become Post-Closing Employees, and Former Employees, other than Listed
Employees, whether or not the termination occurred or occurs prior to, on, or after the Closing. 
 (b)
Workers’ Compensation. Seller shall be responsible for workers’, compensation claims with respect to any Former Employee and any Post-Closing Employee if the incident or alleged incident giving rise to the claim occurred at or prior
to the Closing. Buyer and the Company shall be responsible for any workers’, compensation claims with respect to any Post-Closing Employee if the incident or alleged incident giving rise to the claim occurs after the Closing. In the event of
doubt as to the date of the occurrence of the incident or alleged incident, Buyer shall process the claim. With respect to all workers’ compensation or similar claims (hereinafter “Compensation Claims”) filed with an
appropriate agency by or on behalf of any Post-Closing Employee (such employees are, for purposes of this paragraph, hereinafter collectively referred to as “Claiming Employee”), or by the spouse, dependent(s) or personal
representative of such Claiming Employee which is first filed after the Closing, (i) Seller shall process, defend and be responsible for, and shall indemnify the Buyer Indemnitees from and against any such Compensation Claim if the incident or
alleged incident giving rise to the claim is alleged to have occurred on or prior to the Closing, (ii) Buyer shall process, defend and be responsible for, and shall indemnify the Seller Indemnitees from and against any such Compensation Claim
if the incident or alleged incident giving rise to the claim is alleged to have occurred subsequent to the Closing, and (iii) in the event any such Compensation Claim is filed after the Closing and the incident or alleged incident giving rise
to the claim is alleged to have occurred both prior and subsequent to the Closing, Buyer shall, in consultation with Seller and taking into account Seller’s reasonable suggestions, process such claim (and Seller shall reimburse Buyer for its
allocable portion of the reasonable cost of defense), and the liability for such claim as between the parties shall be based upon the length of exposure to such incident or alleged incident while employed by the Company before and after the Closing.
Thus, as between the parties, the proportionate share of liability shall equal a fraction the denominator of which shall be the Claiming Employee’s total length of exposure to such incident or alleged incident, and the numerator of which shall
be in the case of Buyer, the Claiming Employee’s total length of exposure while employed after the Closing, and in the case of Seller, the Claiming Employee’s total length of exposure while employed prior to the Closing. 

(c) Severance and Termination Liability for Listed Employees. Seller and Buyer shall each be responsible for
one-half of any severance payments to be made to the Listed Employees, with Buyer’s one-half to be made as an adjustment to the Purchase Price at Closing, Except with respect to the severance obligations referenced in the preceding sentence,
Liabilities or obligations arising out of or with respect to the Listed Employees’ employment by the Company prior to Closing shall be a Retained Liability under Section 2.6(b); provided that Buyer shall be responsible for, and
shall indemnify the Seller Indemnitees against, Claims and Liabilities made by any Listed Employee to the extent related to the selection of the Listed Employees for termination, including Buyer’s criteria for selection. 

Section 1.9 No Third Party Beneficiaries. No provision of Section 1.1 through Section 1.8
shall create any third-party beneficiary rights in any Person, including any employee or former employee (and any beneficiaries, dependents or representatives thereof) of the 

  
 6 

 
Company, Seller or Buyer, or any of their respective Affiliates, and no provision of Section 1.1 through Section 1.8 shall create such third-party beneficiary rights in
any Person in respect of any benefits that may be provided, directly or indirectly, under any employee benefit plan or arrangement of Buyer or its Affiliates. 

  
 7 

 SCHEDULE TO EXHIBIT J EMPLOYEE MATTERS 

Listed Employees 
 Up to
3 employees in Loss Control (to be identified by Buyer within 2 weeks of the Effective Date) 
 [REDACTED] 

[REDACTED] 
 [REDACTED] 

[REDACTED] 
 [REDACTED] 

  
 8 

 EXHIBIT K 
 TO 
 STOCK PURCHASE AGREEMENT 

ACCESS EASEMENT 

					
	 STATE OF NEW JERSEY
	  	§	  	
		  	§	  	
	COUNTY OF GLOUCESTER	  	§	  	

 AGREEMENT AND GRANT OF EASEMENT 

THIS EASEMENT AGREEMENT (this “Agreement”) is entered into effective as of the
                 day of _____, 2010 (the “Effective Date”), by and between VALERO REFINING COMPANY-NEW JERSEY, a Delaware corporation, having an
address at 800 Billingsport Road, Paulsboro, NJ 08066, hereinafter referred to herein as “Grantor”, and VALERO ENERGY CORPORATION, a Delaware corporation, having an address at One Valero Way, San Antonio, TX 78249, hereinafter
referred to herein as “Grantee.” 
 Recitals 

A. Grantor is the owner of a certain petroleum refinery (the “Refinery”), located in Gloucester County, New Jersey, on
those certain tracts, pieces or parcels of land more particularly described in Exhibit “A” attached hereto and incorporated herein for all purposes (together with all improvements thereon and all appurtenances thereto, the
“Easement Property”). 
 B. In connection with Grantor’s purchase of the Refinery from Mobil Oil
Corporation (predecessor in interest to Exxon Mobil Corporation, hereinafter referred to as “ExxonMobil”), Grantor and its affiliate at the time, Valero Marketing and Supply Company (“VMSC”), entered into certain
agreements with ExxonMobil and its affiliates including, without limitation, those agreements listed on Exhibit “B” attached hereto and incorporated herein for all purposes (as the same have been and may hereafter be amended from
time to time, the “Refinery Agreements”). The Refinery Agreements require Grantor to, among other things, produce certain products and provide certain services at the Refinery for the benefit of ExxonMobil and its affiliates.

 C. At the time Grantor acquired the Refinery from ExxonMobil, Grantor was owned by Valero Refining and Marketing Company
(“VRMC”), a subsidiary of Grantee, and ExxonMobil required Grantee to enter into a certain Guaranty to and for the benefit of ExxonMobil and certain of its affiliates, dated as of September 16, 1998 (the
“Guaranty”), whereby Grantee guaranteed, among other things, certain obligations of Grantor and VMSC under the Refinery Agreements (the “Obligations”). Reference may be had to the Guaranty for a more detailed
description of the Obligations. 
 D. Pursuant to a Stock Purchase Agreement dated as of September 24, 2010
(“SPA”), prior to the Effective Date, PBF Holding Company LLC agreed to acquire all of the issued and outstanding shares of Grantor from VRMC. After the closing of the Stock Purchase Agreement, Grantee will no longer be affiliated with
Grantor. 
 E. Pursuant to the SPA, the parties contemplated that VMSC will assign its interest in those Refinery Agreements to
which it is a party to Grantor, and Grantor will assume VMSC’s remaining obligations under those Refinery Agreements. 

  
 K-1

 F. Because Grantee will no longer be affiliated with Grantor, and in an effort to mitigate
its potential liabilities under the Guaranty in the event that Grantor or any of its successors or assigns fails to honor or perform any of the Obligations Grantee has requested that Grantor grant an easement to Grantee over the Easement Property to
allow Grantee access to the Refinery for purposes of performing or otherwise satisfying such Obligations. 
 G. Grantor has
agreed to grant such easement to Grantee, upon and subject to the terms and conditions set forth below. 
 Agreement Terms

 NOW, THEREFORE, for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration,
including, without limitation, the covenants and agreements contained herein and the benefits accruing to Grantor by reason of the Guaranty, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 1. Recitals. The foregoing recitals are incorporated herein for all purposes. 

2. Grant of Easement. Grantor hereby GRANTS and CONVEYS to Grantee, its successors and assigns, a right of way and non-exclusive
easement (“Easement”) through, over, upon, under, above, in, across and along the Easement Property, including the right to make use of all improvements, equipment, facilities and appurtenances thereon, for purposes of taking any
and all actions reasonably necessary to perform the Obligations or as may otherwise be necessary or desirable, in Grantee’s sole but reasonable discretion, to satisfy Grantee’s obligations under the Guaranty as it relates to the Refinery
Agreements (collectively, the “Easement Activities”), subject to the terms of this Agreement. TO HAVE AND TO HOLD said Easement unto Grantee, its successors and assigns, for the uses and purposes herein set forth, beginning on the
Effective Date of this Agreement and continuing until the Expiration Date (as defined below). 
 3. Term. The term of
this Agreement and the Easement conveyed herein shall commence on the Effective Date and end on the earlier of (i) twenty (20) years after the Effective Date or (ii) the date that Grantee is fully released and discharged from any and
all liability under the Guaranty as it relates to the Refinery Agreements (the “Expiration Date”). Promptly after the Expiration Date, all rights granted herein shall automatically revert to Grantor, its successors and assigns, and,
upon Grantor’s request (and delivery to Grantee of proof reasonably acceptable to Grantee that the conditions in clause (ii) of the immediately preceding sentence have been satisfied (if the Expiration Date occurs earlier than the 20 year
anniversary of the Effective Date), Grantee shall promptly execute and deliver a release of this Easement in a recordable format reasonably acceptable to Grantor and Grantee. 
 4. Beneficiaries. The Easement is granted for the benefit of Grantee and its successors and assigns, together with their and their affiliates’ respective agents, employees, contractors,
subcontractors and representatives (collectively, the “(Grantee Parties”). 
 5. Easement Activities.
For purposes of this Agreement, the term “Easement Activities” shall include, without limitation, any activities, operations, and/or services at, on, relating to, or in connection with the Basement Property, that are necessary or
desirable, in Grantee’s sole discretion, to satisfy the Obligations including, without limitation, activities associated with inhauling, processing, 

  
 K-2

 
offloading, storing, transporting, testing, through-putting, and/or delivering any crude oils or other refinery feedstocks, petroleum lube base stocks, refined products or other products or
materials. 
 6. Use of Refinery Facilities. The Easement and rights granted herein expressly include the right on the
part of (the Grantee Parties to unimpeded access to and use of all portions of the Refinery (whether located on the Easement Property or on adjacent property leased by or otherwise under the control of Grantor or any of its affiliates) reasonably
necessary for the Grantee Parties to perform the Obligations (including, without limitation, the Refinery’s docks, wharves, process units, pipelines, pipe racks, pumps, rail loading and unloading facilities, tanks, vehicles, control rooms,
utility infrastructure, meters, valves, connections, conduits, and other equipment, personal property and facilities located thereon), without fee or charge to Grantee or the other Grantee Parties, as may be necessary or desirable in Grantee’s
sole but reasonable discretion to permit the Grantee Parties to satisfy any or all of the Obligations. 
 7. Prior
Notice. Prior to entering upon the Easement Property to perform any of the Easement Activities, Grantee shall provide a written, notification to Grantor (the “Breach Notice”) advising Grantor that Grantee has become aware of a
breach by Grantor (or one or more of its affiliates) of one or more provisions of the Refinery Agreements, which breach has resulted or could reasonably be expected to result in Grantor becoming liable for some or all of the Obligations under the
Guaranty (a “Triggering Breach”). The Breach Notice will identify such Triggering Breach with reasonable specificity. Grantor shall have a period of forty-eight (48) hours after delivery of the Breach Notice within which to
(i) prove to the reasonable satisfaction of Grantee that no Triggering Breach has occurred, or if it has occurred that it is no longer continuing, or (ii) provide credible assurances reasonably acceptable to Grantee that Grantee shall not
incur any liability under the Guaranty by reason of any such Triggering Breach; failing which Grantee shall be free to enter upon the Easement Property and perform the Easement Activities. 

8. Conduct of Easement Activities. 
 a. Grantee shall have the right to designate the Grantee Parties who will be conducting the Easement Activities, Grantee will endeavor to use Grantee Parties who are qualified to perform the Easement
Activities assigned to them and to perform all Easement activities in a manner consistent with prudent refining industry practices. Grantor shall cause its qualified employees and contractors who are then working at the Refinery to reasonably
cooperate with and assist the Grantee Parties in the conduct of the Easement Activities. 
 b. Where Grantee may
do so without risking an increase in its liability under the Guaranty, Grantee shall endeavor to perform (or cause to be performed) the Easement Activities at times and in a manner that do not unreasonably Interfere with Grantor’s operations at
the Refinery, but Grantor acknowledges that the Grantee Parties shall have access to the Easement Property twenty-four (24) hours per day, seven (7) days per week as may be needed for them to satisfy any Obligations. 

c. Grantor shall promptly issue all necessary work permits and other authorizations and take all other actions necessary
on its part for the prompt and efficient prosecution of the Easement Activities. 
 d. In conducting the Easement
Activities, the Grantee Parties shall comply with all Refinery safety and security regulations and procedures promulgated by Grantor (and made available to the Grantee Parties) that are then consistent with general US, refining industry

  
 K-3

 
practices and are uniformly applied by Grantor to all activities within the Refinery that are similar in nature to the Easement Activities. In addition, the Grantee Parties shall conduct all
Easement Activities in compliance with all applicable laws and with the terms of any governmental permits and authorizations (collectively, “Permits”) held by Grantor, provided that the Grantee Parties are made aware of such
Permits’ terms and conditions. To the fullest extent permitted by law, Grantor agrees that the Grantee Parties may use and rely upon Grantor’s Permits in the conduct of the Basement Activities. Further, should any new or amended Permits be
required for the conduct of any Basement Activities, Grantor shall provide full support and cooperation to Grantee in obtaining such Permits and shall, if appropriate, obtain such Permits in Grantee’s name. 

e. Grantor may designate reasonable defined routes of ingress and egress for the Grantee Parties, 

f. In no event shall Grantor seek to impose any requirements or limitations on the conduct of the Basement Activities that
differ from those normally followed by Grantor’s own personnel and contractors when performing the same or similar activities under similar conditions. 
 9. Limits of Liability. Grantor acknowledges that (i) the Grantee Parties will not have to enter the Easement Property and undertake any Easement Activities so long as Grantor (and its
affiliates, as applicable) faithfully honor and perform the Obligations, and (ii) an election by Grantee to exercise its rights to enter the Easement Property and undertake Easement Activities will only occur if Grantee is exposed to liability
under the Guaranty by reason of Grantor’s and/or its affiliates’ breach of the Refinery Agreements, Accordingly, Grantor hereby RELEASES, ACQUITS AND FOREVER DISCHARGES the Grantee Parties from all liability whatsoever for any losses,
costs, claims, demands, damages or liabilities of any nature whatsoever (collectively, “Losses”) suffered or incurred by Grantor or any of its affiliates or any of their respective officers, directors, shareholders, agents,
employees, contractors or representatives (collectively, the “Grantor Parties”) by reason of the Grantee Parties’ performance of any Easement Activities or their exercise of any other rights under this Agreement, unless and
only to the extent such Losses are caused by the gross negligence or willful misconduct of the Grantee Parties (except that Grantor also reserves the right to make claims against Grantee’s unaffiliated contractors and subcontractors who perform
Easement Activities to the extent Grantor suffers Losses caused by such contractors’ and subcontractors’ ordinary negligence, and Grantee agrees to reasonably cooperate with Grantor to allow Grantor to make such claims directly against
such contractors and subcontractors). Furthermore, Grantor agrees that in no event shall any of the Grantee Parties ever by liable for any consequential, incidental, special, exemplary, punitive or other similar types of damages (including
specifically, but without limitation, damages for lost profits and/or loss of use) arising out of or in connection with any Easement Activities (collectively, “Special Damages”), regardless of how such damages are caused and
regardless of the theory of recovery, Grantor further agrees to INDEMNIFY, DEFEND and HOLD HARMLESS the Grantee Parties from and against all claims by any of the Grantor Parties for any Losses for which Grantor has expressly released the Grantee
Parties under the foregoing provisions of this Section, as well as for any Special Damages claimed by any Grantor Parties, For the avoidance of doubt, the term “Grantee Parties” does not include any Grantor Parties, even if some Grantor
Parties provide assistance to the Grantee Parties in connection with any Easement Activities. 
 10. Special Grantor
Covenants Concerning the Refinery Agreements. 
 a. Grantor agrees for itself and all of its successors and
assigns under the Refinery Agreements, including without limitation all successor owners of the Refinery (collectively, the “Refinery Agreement Obligors”), that during the term of this Agreement (i) the Refinery

  
 K-4

 
Agreement Obligors shall not consent or agree to any reinstatement, renewal, amendment, modification, compromise, extension, acceleration or other change to any of the Refinery Agreements or any
of the Obligations thereunder (other than amendments or other modifications that do not extend the terms thereof and otherwise could not reasonably be expected to increase Grantee’s potential liability under the Guaranty), and (ii) the
Refinery Agreement Obligors shall promptly deliver to Grantee copies of any notices received by the Refinery Agreement Obligors alleging that any breach or default has occurred under any of the Refinery Agreements or that any of the Refinery
Agreement Obligors has otherwise failed to pay or perform any of the Obligations. 
 b. In addition to the other
rights and remedies available to Granteo hereunder, Grantor hereby agrees that after any Triggering Breach occurs and while such Triggering Breach is continuing, Grantee shall have the right (but no obligation) to seek and to obtain from any court
of competent jurisdiction an order requiring specific performance by Grantor (or any of the other Refinery Agreement Obligors) of any Obligations under the Refinery Agreements for which Grantee has become or could reasonably be expected to become
liable under the terms of the Guaranty by reason of such Triggering Breach. 
 11. No Waiver Reservation of Rights and
Remedies. Neither this Agreement nor any election by Grantee to exorcise any of its rights hereunder shall in any way operate or bo construed as a waiver or release by Grantee of any of its rights or remedies, or as an election of remedies by
Grantee, for a breach by Grantor or any affiliate of Grantor of any of their obligations under the Refinery Agreements or for any other acts or omissions resulting in liability on the part of Grantee under the Guaranty. Grantee hereby expressly
reserves all of its rights and remedies, whether arising under contract, by operation of law or otherwise. Without limiting the generality of the foregoing, Grantor expressly acknowledges and agrees that in the event of any breach of this Agreement
by Grantor, Granteo shall be entitled to seek and obtain temporary or permanent injunctive or other equitable relief from any court of competent jurisdiction in order to prevent irreparable injury to Grantee by reason of such breach. 

12. Memorandum. The parties shall execute, acknowledge and record a memorandum of this Agreement in the appropriate public records
of Gloucester County, New Jersey, sufficient to provide public notice of this Agreement and the terms hereof to all persons having any interest in the Easement Property. Each party shall have the right to provide a copy of this Agreement to any
person having a legitimate Interest in the terms hereof, including, without limitation, any title company, lender, prospective purchaser of the Easement Property, actual or prospective successor or assignee of the party hereunder, the Grantee
Parties, and the Grantor Parties. Should it become reasonably necessary, the parties shall also cause a copy of this entire Agreement to be filed of record in the appropriate public records. 

13. Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement. 
 14. Successors and Assigns: Provisions Run with the Land. Grantee may assign its
rights and obligations under this Agreement to any person to whom Grantee assigns its rights and obligations under the Guaranty and who agrees in writing to assume Grantee’s obligations hereunder. Grantor shall not be entitled to assign or
delegate any of its rights or obligations under this Agreement, except that Grantor shall cause any person who acquires any interest in all or any portion of the Easement Property from Grantor to agree to assume, honor and be bound by the terms
hereof (but Grantor shall not thereby be released from its obligations hereunder to the extent they accrued prior to such transfer or to the extent Grantor retains any interest in the Easement Property thereafter). This Agreement shall run with the
title 

  
 K-5

 
to the Easement Property and be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto, including specifically, but without limitation, successive
future owners and occupants of the Easement Property, all of whom shall be bound by the terms hereof. 
 15.
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect, and the invalid, illegal or unenforceable provision shall be reformed to the minimum extent required to render such provision valid, legal and enforceable and in a manner so as to preserve the economic and legal substance of the
transactions contemplated hereby to the fullest extent permitted by law. 
 16. Notices. All notices and other
communications that are required to be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by recognized overnight courier with delivery confirmation or mailed by
registered or certified mail (postage prepaid, return receipt requested) to the relevant party hereto at the party’s address first set forth above or to such other address as any party may, from time to time, designate in a written notice given
in accordance with this Section. Any such notice or communication shall be effective (a) if delivered in poison, or by courier, upon actual receipt by the intended recipient party, or (b) if mailed, upon the earlier of five (5) days
after deposit in the mail and the date of delivery as shown by the return receipt therefor. Notices and other communications sent to Grantor shall be addressed to the attention of “Refinery Manager”, and notices and other communications
sent to Grantee shall be sent to the attention of “General Counsel”. 
 17. Third Party Beneficiaries. Except
as expressly set forth herein, there are no third party beneficiaries hereto. Without limiting the generality of the foregoing, the parties expressly acknowledge and agree that nothing in this Agreement shall operate or be construed to inure to the
benefit of ExxonMobil or any of its affiliates (except to the extent they may hereafter become Grantee Parties). 
 18.
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 

19. Amendment. This Agreement may not be amended except by an instrument in writing executed and delivered by the parties hereto.

 [signatures contained on next page] 

  
 K-6

 IN WITNESS WHEREOF, Grantor and Grantee have caused this Agreement to be duly executed and
delivered by their respective duly authorized representatives on the day and year shown in the acknowledgments below, to be effective as of the Effective Date. 
  

									
	Witness/Attest:	 		 	Grantor:
				
		 		 		 	Valero Refining Company-New Jersey
					
	By:	 	 	 		 	By:	 	 
	Name:	 	 	 		 	Name:	 	 
	Title:	 	 	 		 	Title:	 	 
			
	Witness/Attest:	 		 	Grantee:
				
		 		 		 	Valero Energy Corporation
					
	By:	 	 	 		 	By:	 	 
	Name:	 	 	 		 	Name:	 	 
	Title:	 	 	 		 	Title:	 	 

  
 K-7

					
	 STATE OF _________________________
	  	 	§	  
		  	 	§	  
	 COUNTY OF _______________________
	  	 	§	  

 BE IT REMEMBERED that on this
             day of             , 2010, before me, the undersigned authority, personally appeared
             ,             , of Valero Refining Company-New Jersey, a Delaware corporation, who I am satisfied is
the individual who signed the within instrument, sealed with the corporate seal and delivered the same as such officer aforesaid, and he acknowledged that he signed the same, and that the within instrument is the voluntary act and deed of such
Corporation. 
  

					
	 	 		 	  
	[SEAL]	 		 	Notary Public, State of ______________________________
		 		 	My Commission Expires:____________________________

  

					
	 STATE OF TEXAS
	  	 	§	  
		  	 	§	  
	 COUNTY OF BEXAR
	  	 	§	  

 BE IT REMEMBERED that on this
             day of             , 2010, before me, the undersigned authority, personally appeared
            ,             , of Valero Energy Corporation, a Delaware corporation, who I am satisfied is the
individual who signed the within instrument, sealed with the corporate seal and delivered the same as such officer aforesaid, and he acknowledged that he signed the same, and that the within instrument is the voluntary act and deed of such
Corporation. 
  

					
	 	 		 	  
	[SEAL]	 		 	Notary Public, State of ______________________________
		 		 	My Commission Expires:____________________________

 After Recording Return To: 
 Valero Energy Corporation 
 One Valero Way 
 San Antonio, TX 78249 
 Attn: Commercial Law 

  
 K-8

 EXHIBIT “A” 

Easement Property 

[Insert Refinery Legal Description] 

  
 K-9

 EXHIBIT “B” 

Refinery Agreements 
  

	1.	Purchase and Sales Agreement for Lubricant Base Oils between ExxonMobil and VMSC dated September 16, 1998. 

 

	2.	[REDACTED] 

  

	3.	[REDACTED] 

  

	4.	Utility Services Agreement between Mobil Technology Company and Grantor dated September 16, 1998. 

  
 K-10

 EXHIBIT L 
 TO 
 STOCK PURCHASE AGREEMENT 

BILL OF SALE 

  
 Exhibit L

 BILL OF SALE 

THIS BILL OF SALE is executed by VALERO MARKETING AND SUPPLY COMPANY, a Delaware corporation (“Transferor”), to
and for the benefit of Paulsboro Refining Company LLC, a Delaware limited liability company (“Transferee”), as of
[                    ], 2010. Transferor and Transferee are sometimes herein referred to collectively as the “Parties” and
each individually as a “Party”. 
 RECITALS 

A. Valero Refining and Marketing Company, a Delaware corporation and affiliate of the Transferor (“VMSC”) and PBF Holding
Company LLC, a Delaware limited liability company (“PBF”) have entered into that certain Stock Purchase Agreement (the “Stock Purchase Agreement”), dated as
[                    ], 2010, which provides for the purchase by Transferee of the Shares. 

B. Pursuant to the Stock Purchase Agreement, Transferor has agree to transfer to Transferee all of Transferor’s right, title and
interest in the Marketing Assets. 
 C. As a condition precedent to Closing under the Stock Purchase Agreement, Transferor is
required to execute and deliver of this Bill of Sale. 
 NOW THEREFORE, in consideration of the premises and the mutual
covenants, undertakings and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Transferor and Transferee, intending to be legally bound, hereby agree as follows:

 1. Defined Terms. Capitalized terms which are used but not otherwise defined in this Bill of Sale shall have the
meanings ascribed to such terms in the Stock Purchase Agreement. 
 2. Transfer. Effective as of the Closing Date,
Transferor hereby ASSIGNS, TRANSFERS, DELIVERS AND CONVEYS to Assignee, all right, title and interest of Transferor in and to the Marketing Assets, TO HAVE AND HOLD the Marketing Assets unto Assignee, its successors and assigns, forever, and
Transferor binds itself, and its successors and assigns, to WARRANT AND FOREVER DEFEND title to the Marketing Assets in Transferee, its successors and permitted assigns, against all persons lawfully claiming or to claim the same or any part thereof,
when the claim is by, through or under Transferor or any of its Affiliates only, and subject in all events to the Permitted Liens. 
 3. Assumption. Transferee hereby unconditionally and absolutely (a) accepts the foregoing conveyance of the Marketing Assets, and (b) assumes all rights and obligations with respect to
the ownership of the Marketing Assets arising on or after the Closing Date. 
 4. As-Is. EXCEPT AND ONLY TO THE EXTENT
EXPRESSLY SET FORTH IN THE PURCHASE AGREEMENT, THIS CONVEYANCE IS MADE AS-IS, WHERE-IS, WITH ALL FAULTS, WITHOUT RECOURSE AGAINST TRANSFEROR, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF WHATSOEVER NATURE, WHETHER

  
 Exhibit L - l

 
EXPRESS, IMPLIED OR BY OPERATION OF LAW, IT BEING THE INTENTION OF TRANSFEROR AND ASSIGNEE EXPRESSLY TO NEGATE AND EXCLUDE ALL WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE, WARRANTIES CREATED BY ANY AFFIRMATION OF FACT OR PROMISE OR BY ANY DESCRIPTION OF THE MARKETING ASSETS, AND ALL OTHER WARRANTIES WHATSOEVER. 

5. Further Assurances. Transferor shall take such commercially reasonable additional actions, including the execution,
acknowledgment and delivery of other appropriate documents and instruments, as may be reasonably necessary in order to convey, transfer, assign and deliver to, and vest in, Transferee, its successors and assigns, the Marketing Assets. 

6. Purchase Agreement Governs. This Bill of Sale is delivered pursuant to and is subject to the terms of the Stock Purchase
Agreement. In the event that any provision of this Bill of Sale conflicts with any provision of the Stock Purchase Agreement, the provisions of the Stock Purchase Agreement shall control. 

7. No Representations or Indemnity. Neither Transferor nor Transferee makes any representations or warranties of any kind, express
or implied, except as set forth in the Stock Purchase Agreement. All claims, rights of indemnification and reciprocal covenants between Transferor and Transferee concerning the Marketing Assets shall be exclusively governed by the Stock Purchase
Agreement. Each of Transferor and Transferee acknowledges and agrees that the representations, warranties, covenants, agreements, indemnities and limitations on liability contained in the Stock Purchase Agreement will not be superseded hereby but
will remain in full force and effect to the full extent provided therein. 
 8. Successors and Assigns. This Bill of Sale
shall bind and shall inure to the benefit of the respective parties hereto and their respective successors and permitted assigns. Assignment of this Bill of Sale by either party shall be governed by the assignment provisions contained in the Stock
Purchase Agreement. 
 9. No Third Party Beneficiaries. Nothing in this Bill of Sale is intended to confer upon any
Person other than Transferee, on the one hand, and Transferor, on the other hand, any rights or remedies hereunder. There are no third party beneficiaries hereof, 
 10. Choice of Law; Dispute Resolution. This Bill of Sale shall be construed (both as to validity and performance), interpreted and enforced in accordance with, and governed by, the Laws of the
State of New York, without regard to conflicts of laws rules as applied in New York. All controversies or disputes arising out of and related to this Bill of Sale shall be resolved in accordance with the dispute resolution procedures set forth in
Exhibit D of the Stock Purchase Agreement. 
 11. Jurisdiction; Consent to Service of Process; Waiver. Each of the
Parties hereto agrees, subject to Section 10, that it shall bring any action or proceeding in respect of any claim arising out of or related to this Bill of Sale, whether in tort or contract or at law or in equity, exclusively in any
federal or state court in the State of New York and solely in connection with 

  
 Exhibit L - 2

 
such claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any objection to laying venue in any such action or proceeding in such courts,
(iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to it at its address specified in Section 14 of the Bill of Sale. The foregoing consents to jurisdiction and service of process shall not constitute general consents to service of
process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the Stock Purchase Agreement) other than the Parties hereto. Each of the Parties hereto
knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Bill of Sale and for any counterclaim therein. 

12. Availability of Equitable Relief. Each of the Parties hereto recognizes that irreparable injury will result from a breach of
any provision of this Bill of Sale and that money damages will be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to Section 10 shall have the power to grant temporary
or permanent injunctive or other equitable relief. Notwithstanding Section 10, prior to the appointment of the arbitrators, a Party hereto may, subject to this Section 12, seek temporary injunctive relief from any court of
competent jurisdiction; provided that the Party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court ordered relief
shall not continue more than ten (10) days after the appointment of the arbitrators (or in any event for longer than sixty (60) days). 
 13. Counterparts. This Bill of Sale may be executed in multiple counterparts and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement. Signed counterparts of this Bill of Sale may be delivered by facsimile and by scanned PDF image; provided that each Party hereto uses commercially
reasonable efforts to deliver to each other Party hereto original signed counterparts as soon as possible thereafter, 
 14.
Notices. All notices and other communications that are required to be or may be given pursuant to this Bill of Sale shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by registered
or certified mail (postage prepaid, return receipt requested) to the relevant party hereto at the following addresses or sent by facsimile to the following numbers: 

  
 Exhibit L - 3

 If to Transferor: 
 Valero Marketing and Supply Company 
 One Valero Way 

San Antonio, Texas 78249 
 Attention: Executive
Vice President and General Counsel 
 Telephone: (210) 345-2246 
 Facsimile: (210) 345-5889 
 If to Transferee to: 

Paulsboro Refining Company LLC 
 One Sound Shore
Drive, Suite 303 
 Greenwich, CT 06830 

Attention: General Counsel 
 Telephone:
(203) 629-1577 
 Facsimile: (203) 629-1606 
 or to such other address or facsimile number as any Party may, from time to time, designate in a written notice given in accordance with this Section 14. Any such notice or communication shall
be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon actual receipt if received during the recipient’s normal business hours, or at the
beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the earlier of five (5) days after deposit in the mail and the date of delivery as
shown by the return receipt therefor. 
 [Signature Page Follows] 

  
 Exhibit L - 4

 THIS BILL OF SALE is executed and delivered effective as of the date first written above by
the undersigned duly authorized representatives of the parties hereto. 
  

			
	TRANSFEROR:
	
	VALERO MARKETING AND SUPPLY COMPANY
	
	  
	Name:	 	 
	Title:	 	 

  

			
	TRANSFEREE:
	
	PAULSBORO REFINING COMPANY LLC
	
	  
	Name:	 	 
	Title:	 	 

 Execution Copy 

FIRST AMENDMENT 
 TO 
 STOCK PURCHASE AGREEMENT 

This FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”) is entered into as of November 29, 2010
(the “Amendment Effective Date”), by and between VALERO REFINING AND MARKETING COMPANY, a Delaware corporation (“Seller”), PBF HOLDING COMPANY LLC, a Delaware limited liability company
(“Buyer”), and, for the limited purposes set forth herein, VALERO REFINING COMPANY-NEW JERSEY, a Delaware corporation (the “Company”). 
 RECITALS 
 WHEREAS, on September 24, 2010, Seller, Buyer and the
Company entered into that certain Stock Purchase Agreement (the “Stock Purchase Agreement”) providing for the sale of the Shares (as defined in the Stock Purchase Agreement) to Buyer. 

WHEREAS, the Parties to the Stock Purchase Agreement desire to amend the Stock Purchase Agreement to reflect the matters set forth
herein. 
 NOW, THEREFORE, in consideration of the foregoing premises and the representations, warranties and covenants
contained herein, the parties hereto agree as follows: 
  

	1.	The foregoing recitals are incorporated herein for all purposes. Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the
Stock Purchase Agreement. 

  

	2.	Section 2.2 of the Stock Purchase Agreement entitled “Purchase Price” is hereby amended and restated in its entirety as follows:

 Section 2.2 Purchase Price. The purchase price for the Shares and Marketing Assets is $379,666,766 (the
“Base Purchase Price”), plus or minus an amount equal to the Net Working Capital (the “Purchase Price”). The Purchase Price includes the Precious Metals Inventory and Parts and Supplies, which shall not be included
in Net Working Capital. The Purchase Price shall be subject to further adjustment pursuant to Section 6.9 and Exhibit J. Seller shall finance a portion of the Base Purchase Price in the amount of $160,000,000 pursuant to a credit agreement to
be entered into between Seller and Buyer (the “Loan”), whose terms and conditions shall be consistent with those (in addition to other ordinary and customary loan terms and conditions) set forth in Exhibit C attached hereto. To evidence
the Loan, Buyer shall execute and deliver to Seller at Closing a promissory note (the “Note”) payable to the order of Seller in the amount of the Loan and on the terms set forth in Exhibit C attached hereto. The Loan will be secured
by a senior lien as set forth in Exhibit C attached hereto. All other material terms and conditions for the Loan are set forth in Exhibit C attached hereto. 

  
 1 

	3.	The Termination Date as defined in Section 11.1(e) is hereby extended from December 1, 2010 to December 17, 2010. 

 

	4.	All references to the Loan Amount in Exhibit “C” to the Stock Purchase Agreement are hereby amended to be $160,000,000. 

 

	5.	Except as amended by this Amendment, all terms and conditions of the Stock Purchase Agreement shall remain in full force and effect among the parties thereto.

  

	6.	THIS AMENDMENT SHALL BE CONSTRUED (BOTH AS TO VALIDITY AND PERFORMANCE), INTERPRETED AND ENFORCED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW
YORK. 

  

	7.	This Amendment may be executed in multiple counterparts and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be
an original but all of which taken together shall constitute one and the same agreement. 

 [Signature Page
Follows] 

  
 2 

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

			
	VALERO REFINING AND MARKETING COMPANY
		
	By:	 	 

	Name:	 	 S. Eugene Edwards

	Title:	 	 Executive Vice President

	
	PBF HOLDING COMPANY LLC
		
	By:	 	 

	Name:	 	 Jeffrey Dill

	Title:	 	 Secretary

	
	For the limited purpose of agreeing to the provisions of Section 2.6 and Article IV of the Stock Purchase Agreement to the extent applicable to
Company:
	
	VALERO REFINING COMPANY-NEW JERSEY
		
	By:	 	 

	Name:	 	 S. Eugene Edwards

	Title:	 	 Executive Vice President

 Execution Copy 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN
SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 
 SECOND AMENDMENT 
 TO 

STOCK PURCHASE AGREEMENT 
 This SECOND AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”) is entered into as of December 17th, 2010 (the “Amendment Effective Date”), by and between VALERO REFINING AND MARKETING COMPANY,
a Delaware corporation (“Seller”), PBF HOLDING COMPANY LLC, a Delaware limited liability company (“Buyer”), and, for the limited purposes set forth herein, VALERO REFINING COMPANY-NEW JERSEY, a
Delaware corporation (the “Company”). 
 RECITALS 

A. On September 24, 2010, Seller, Buyer and the Company entered into that certain Stock Purchase Agreement, as amended (the
“Stock Purchase Agreement”) providing for the sale of the Shares (as defined in the Stock Purchase Agreement) to Buyer. 
 B. The parties to the Stock Purchase Agreement desire to amend the Stock Purchase Agreement to reflect the matters set forth herein. 

NOW, THEREFORE, in consideration of the foregoing premises and the representations, warranties and covenants contained herein, the
parties hereto agree as follows: 
  

	1.	The foregoing recitals are incorporated herein for all purposes. Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the
Stock Purchase Agreement. 

  

	2.	Substitution of Exhibits. Each of the following Exhibits to the Stock Purchase Agreement is hereby replaced with the version attached hereto:

  

			
	 Exhibit F
	  	Feedstock and Product Inventory Sales Agreement
	 Exhibit H
	  	Offtake Agreement
	 Exhibit I
	  	Transition Services Agreement

  

	3.	Assignment of [REDACTED] Supply Agreements. Pursuant to Section 6.11 of the Stock Purchase Agreement, Seller has caused VMSC to assign and transfer to the
Company the Lubes Agreement by Multiparty Agreement Related to Assignment and Assumption of Contract (the “Lubes Assignment”) dated December 13, 2010 between VMSC, the Company, Valero Energy Corporation and ExxonMobil Oil
Corporation (formally Mobil Oil Corporation) and [REDACTED]. As between, Seller, VMSC, Buyer and the Company nothing contained in the Lubes Assignment or the [REDACTED] shall supersede or amend the representations, warranties, covenants, agreements,
or allocation or limitation of liability contained in the Stock Purchase Agreement. 

  
 1 

	4.	Environmental Trust Fund. The amount remaining in the Environmental Trust Fund as reflected in the definition of Net Working Capital has been increased from
$5,786,211.00 to $12,099,700.00. 

  

	5.	Conversion of Company to LLC. The first sentence of Section 6.11 of the Stock Purchase Agreement is hereby amended and restated as follows:

 “Prior to or at the time of Closing, Seller shall convert the Company from a Delaware corporation to a
Delaware limited liability company and file any required documentation in connection with the conversion to authorize the Company to do business in each of the jurisdictions the Company is authorized to do business as of the Execution Date.”

  

	6.	Closing Conditions. In connection with the condition to Buyer’s obligation to close set forth in Section 9.3(e) of the Stock Purchase Agreement Seller
and Buyer acknowledge that Buyer has reached an accommodation with Saudi Arabian Oil Company for an allocation of Arabian Light crude oil to satisfy this condition. 

 

	7.	Amendments to Disclosure Schedules. 

  

	 	(a)	The reference to “Schedule” in the title to each Section of the Disclosure Schedules is hereby modified to reference “Section”. For example,
Schedule l.l(a) Refinery Land shall now be title “Section l.l(a) Refinery Land”. 

  

	 	(b)	Section 4.4(a)-l of the Disclosure Schedules is hereby replaced in its entirety with version attached hereto as Section 4.4(a)-l Material Company
Contracts. 

  

	 	(c)	Section 4.4(a)-2 of the Disclosure Schedules is hereby replaced in its entirety with version attached hereto as Section 4.4(a)-2 Seller Contracts.

  

	 	(d)	Section 4.6 of the Disclosure Schedules is hereby replaced with the version attached hereto as Section 4.6 Compliance with Law. 

 

	 	(e)	Section 4.7 of the Disclosure Schedules is hereby replaced with the version attached hereto as Section 4.7 Litigation. 

 

	 	(f)	Section 8.8 of the Disclosure Schedules is hereby amended to include the following: “All of the Safety Apparatuses described in the chart on the last page of
the Paulsboro Fixed Assets Registry in Section 4.3(d) of the Disclosure Schedules.” 

  

	8.	Agreement to Remain in Effect. Except as amended by this Amendment, all terms and conditions of the Stock Purchase Agreement shall remain in full force and
effect among the parties thereto. 

  
 2 

	9.	Governing Law. THIS AMENDMENT SHALL BE CONSTRUED (BOTH AS TO VALIDITY AND PERFORMANCE), INTERPRETED AND ENFORCED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS
OF THE STATE OF NEW YORK. 

  

	10.	Counterparts. This Amendment may be executed in multiple counterparts and by the different parties hereto in separate counterparts, each of which when executed
shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 

[Signature Page Follows] 

  
 3 

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

			
	VALERO REFINING AND MARKETING COMPANY
		
	By:	 	 

		 	S. Eugene Edwards
		 	Executive Vice President
	
	PBF HOLDING COMPANY LLC
		
	By:	 	 

	Name:	 	 Jeffrey Dill

	Title:	 	 Secretary

	
	For the limited purpose of agreeing to the provisions of Section 2.6 and Article IV of the Stock Purchase Agreement to the extent applicable to
Company:
	
	VALERO REFINING COMPANY-NEW JERSEY
		
	By:	 	 

		 	S. Eugene Edwards
		 	Executive Vice President

 Section 4.4(a)-1 

Material Company Contracts 
  

	1.	Asset Sale and Purchase Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution
Date. 

  

	2.	The Tech Center Lease described in Section l.l(a) of these Schedules. The assignment provision of the Tech Center Lease does not provide that a change in control
of the Tenant would constitute an assignment of the Tech Center Lease requiring consent, ExxonMobil has alleged that a change in control of the Company constitutes an assignment of the lease by operation of law which requires the ExxonMobil’s
consent. Seller has disputed these allegations. While the parties are working together to attempt to satisfy ExxonMobil’s credit requirements of Buyer, Seller will not be obligated to obtain ExxonMobil’s formal consent. To the extent such
consent is required by the Tech Center Lease, Buyer may be required provide ExxonMobil with additional security in the form of a parent company guaranty and/or a security deposit. 

 

	3.	[REDACTED]. 

  

	4.	Purchase and Sales Agreement for Lubricant Base Oils between VMSC and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution Date, and as
assigned to the Company by Multiparty Agreement Related to Assignment and Assumption of Contract dated December 13, 2010 between VMSC, the Company, Valero Energy Corporation and ExxonMobil Oil Corporation (formally Mobil Oil Corporation)

  

	5.	Intellectual Property Rights License Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through
the Execution Date. 

  

	6.	MLDW Catalyst Lease Agreement (I) between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the
Execution Date. 

  

	7.	MLDW Catalyst Lease Agreement (II) between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution
Date. 

  
 1 

	8.	MLDW Catalyst Lease Agreement (MLDW-4) between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 15, 2001, as amended through the
Execution Date. 

  

	9.	Utilities Services Agreement between Valero Refining Company-New Jersey and Mobil Pipe Line Company dated September 16, 1998, as amended through the Execution
Date. 

  

	10.	Utilities Services Agreement between Valero Refining Company-New Jersey and Mobil Technology Company dated September 16, 1998, as amended through the Execution
Date. 

  

	11.	Lube Plant and Light Products Terminal Utility Services Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as
amended through the Execution Date. 

  

	12.	Agreement for Access to Refinery After Closing between Valero Refining Company-New Jersey and Mobil Pipe Line Company dated September 16, 1998, as amended through
the Execution Date. 

  

	13.	Temporary Access Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation dated September 16, 1998, as amended through the Execution Date.

  

	14.	Temporary Access Agreement between Valero Refining Company-New Jersey and Mobil Technology Company dated September 16, 1998, as amended through the Execution Date.

  

	15.	Emergency Response Services Agreement between Valero Refining Company-New Jersey and Mobil Oil Corporation, Mobil Pipe Line Company, and Mobil Technology Company dated
September 16, 1998, as amended through the Execution Date. 

  

	16.	Technology Agreement Mobil Engineering Practices Guides between Valero Refining Company-New Jersey and Mobil Technology Company dated September 16, 1998, as
amended through the Execution Date. 

  

	17.	The following contracts related to natural gas supply and transportation: 

 

					
	 Counter-Party
	  	 Contract Name
	  	 Contract Date

	 Colonial Energy, Inc.
	  	Base Contract for Sale and Purchase of Natural Gas	  	October 22, 2003
	 Coral Energy Resources
	  	Base Contract for Sale and Purchase of Natural Gas	  	June 1, 2004
	 Virginia Power Energy Marketing, Inc.
	  	Base Contract for Sale and Purchase of Natural Gas	  	July 1, 2003
	 South Jersey Gas Company
	  	Standard Gas Service Agreement (LVCS)	  	December 11, 2002
	 Texas Eastern Transmission Corporation
	  	Service Agreement	  	December 4, 1998

  
 2 

	18.	The following contracts related to the supply of industrial gases: 

  

	 	a.	Pipeline Product Purchase Agreement dated October 1, 1986 between Linde LLC, as successor to The BOC Group, Inc. and the Company as successor to Mobil Oil
Corporation, as amended. 

  

	 	b.	Oxygen Supply Agreement dated June 14, 2001, between Praxair, Inc. and the Company, as amended by Amendment Number One dated April 1, 2005 and Amendment
Number Two dated July 1, 2010. 

  

	 	c.	Product Supply Agreement dated January 12, 2005, between Linde LLC, as successor to The BOC Group, Inc. and the Company, as amended. 

 

	19.	The following electricity-related contracts: 

  

	 	a.	Agreement for Purchase of Electric Power dated July 10, 1989 between Atlantic City Electric Company and the Company as successor to Mobil Oil Corporation, as
amended by Agreement to Modify Power Purchase Agreement dated November 28, 2001 between Atlantic City Electric Company and the Company. [Note this Agreement will be replaced with a new PJM style Agreement. If the Company desires to export
electricity following the expiration of this Agreement it will have to get market rate based authority] 

  

	 	b.	Interim Interconnection Agreement dated August 1, 2003 between Atlantic City Electric Company d/b/a Conectiv Power Delivery and the Company. [See note in a. above]

  

	20.	Rail Line Service Agreement dated June, 2000 between SMS Rail Service, Inc. and the Company. 

 

	21.	Railcar Loading Service Agreement dated September 20, 2001 between SMS Rail Service, Inc. and the Company. 

  
 3 

	22.	The following contracts for materials and services related to the Refinery (i) have annual spend in excess of $1,000,000, or (ii) have a term greater than one
year, are not otherwise terminable by the Company at its option, and require the Company to make payment obligations each year, and constitute Material Contracts: 

 

					
	 Vendor
	  	 Description
	  	 Local Contract #

	 JJ White Inc.
	  	General Contractor	  	PB05WA008
	 Weeks Marine Inc.
	  	Marine Construction	  	PB07WA027
	 MP Murphy Industrial Contractors LLC.
	  	Construction Maintenance Contractor, Oil Spill Clean Up, Snow Removal	  	T-02-01
	 General & Mechanical Contractors Inc.
	  	General Construction	  	M-00-106
	 UNI Engineering.
	  	Engineering	  	T-01-02
	 Allstate Power Vac Inc.
	  	Vacuum Service & Tank Cleaning	  	T-00-60
	 Pico Mechanical Inc.
	  	Piping Contractor/Tank Services	  	T-00-13
	 Onboard Engineering Corp
	  	Engineering Services	  	PB09WA7969
	 CBI Services Inc.
	  	Engineering Services	  	M-03-006
	 Aim Mechanical Services LLC
	  	Rotating Equipment Repair	  	PB08WA7079-00
	 Siemens Water Technologies Corp
	  	Treated water outsourcing	  	PB070A-001
	 ExxonMobil Catalyst (same as No. 4 and 5 above)
	  	MLDW Catalyst	  	N/A
	 WR Grace & Co.
	  	Catalyst	  	N/A
	 Compass Environmental
	  	North Recycle Pond Closure $3.4 mil. project	  	PB.10.WA.0056.
	 Corrosion Technology
	  	Industrial Soap	  	PB06WA019
	 Univar USA Inc FKS Vop
	  	Chemical, Sodium, Hypochlorite, Industrial	  	
	 Pitney Bowes
	  	DM 500 With Scale & Intellelink Lease	  	Lease Service
Agreement
	 Xerox Corp
	  	Plotter and copiers	  	PB09LS8197-00
 PB08LS7077

PB06LA001
 Corp Agreement

	 Siemens Water Corp.
	  	Water Treatment Outsourcing)	  	PB07OA
	 Alpha Laval
	  	Exchangers	  	PO4501684089

  

	23.	Any purchase orders or work releases issued against the Multi-Site Contracts listed in Section 4.4(b) of these Schedules. 

 

	24.	Any agreements referenced in Schedule A of the Environmental Agreement may constitute Material Contracts. 

 

	25.	Section 4.13 of these Schedules lists certain process licenses that may be Material Contracts. 

  
 4 

	26.	Section 8.19(d)(ii) of these Schedules lists certain software applications, the licenses for which may be Material Contracts. In addition, the licenses which are
held in the name of the Company for following software applications may be Material Contracts: 

  

							
	 Vendor
	  	 Generic Name
	  	 Owner
	  	 Server Name

	ACS Firehouse Software	  	FH Enterprises	  	Valero Refining Company-New Jersey	  	CLDBPBRF01
	Codeware	  	Compress License	  	Valero Refining Company-New Jersey	  	PBRF-LIC03
	EasyLobby	  	Easylobby	  	Valero Refining Company-New Jersey	  	CLDBPBRF01
	HP	  	Application simulator	  	Valero Refining Company-New Jersey	  	VUPPBRF01v
	Industrial Scientific	  	Industrial Scientific Data Collection	  	Valero Refining Company-New Jersey	  	DSPBRF01
	Industrial Scientific	  	SKF Aptitude Database - Equipment Monitoring database	  	Valero Refining Company-New Jersey	  	DBPBRF01
	Industrial Scientific	  	SKF Transaction Server	  	Valero Refining Company-New Jersey	  	SKFPBRF01
	Internal	  	Green sheets	  	Valero Refining Company-New Jersey	  	LICPBRF01
	Internal	  	Version control server	  	Valero Refining Company-New Jersey	  	PBRF-Subversion
	Internal	  	Webserver for Lab Product Release	  	Valero Refining Company-New Jersey	  	WSPBRF01
	Internal	  	Webserver, file transfer from Data Historians and MVs to network	  	Valero Refining Company-New Jersey	  	WSPBRF01
	Lenel	  	Lenel	  	Valero Refining Company-New Jersey	  	
	Mistras Solutions	  	PCMS - (Plant Condition Management System)	  	Valero Refining Company-New Jersey	  	DBPBRF01
	Retired	  	TMM Database	  	Valero Refining Company-New Jersey	  	PBRF-TMM01
	Rush Business Solutions LLC	  	Fuel Tracking System	  	Valero Refining Company-New Jersey	  	FUELNJPBRF01

  

					
	 Vendor
	  	 Product Name
	  	 Owner of License

	Adobe	  	Acrobat ® Distiller ® for Windows	  	Valero Refining Company-New Jersey
	Adobe	  	Acrobat ® PDF Port for Windows	  	Valero Refining Company-New Jersey
	Adobe	  	Acrobat PDFShell	  	Valero Refining Company-New Jersey
	Adobe	  	AcrobatDistiller for Windows	  	Valero Refining Company-New Jersey
	Adobe	  	AcrolEHelper Library	  	Valero Refining Company-New Jersey
	Adobe	  	AcrolEHelperShim Library	  	Valero Refining Company-New Jersey
	Adobe	  	Acronis True Image	  	Valero Refining Company-New Jersey
	Adobe	  	AcroTray - Adobe Acrobat Distiller helper application.	  	Valero Refining Company-New Jersey
	Adobe	  	Adobe Acrobat	  	Valero Refining Company-New Jersey
	Adobe	  	Adobe Designer	  	Valero Refining Company-New Jersey
	Adobe	  	Adobe Photoshop Album Starter Edition	  	Valero Refining Company-New Jersey
	Adobe	  	Adobe Photoshop CS2	  	Valero Refining Company-New Jersey
	Adobe	  	Adobe® Flash® Player ActiveX	  	Valero Refining Company-New Jersey
	Aladdin	  	Aladdin Device Driver Custom Installation API	  	Valero Refining Company-New Jersey
	Aladdin	  	Aladdin HASP Function Device Driver	  	Valero Refining Company-New Jersey
	Aladdin	  	Aladdin Hasp HL Device Driver Installer	  	Valero Refining Company-New Jersey
	Aladdin	  	Aladdin Hasp SRM Device Driver Installer	  	Valero Refining Company-New Jersey
	Aladdin	  	Aladdin HASP® HL	  	Valero Refining Company-New Jersey
	Aladdin	  	Aladdin HASP® SRM	  	Valero Refining Company-New Jersey
	Bentley Systems Inc	  	AutoPLANT	  	Valero Refining Company-New Jersey
	Bentley Systems Inc	  	Bentley Data Manager	  	Valero Refining Company-New Jersey
	Bentley Systems Inc	  	Bentley Document Manager	  	Valero Refining Company-New Jersey

  
 5 

					
	Bentley Systems Inc	    	Bentley Project Database	  	Valero Refining Company-New Jersey
	Bentley Systems Inc	    	Bentley Project Database Component	  	Valero Refining Company-New Jersey
	Bentley Systems Inc	    	Bentley Project Packager	  	Valero Refining Company-New Jersey
	Bentley Systems Inc	    	Bentley Split Merge	  	Valero Refining Company-New Jersey
	Bently Nevada	    	Bently Nevada DAQ Connection Manager.	  	Valero Refining Company-New Jersey
	Bently Nevada	    	Bently PERFORMANCE	  	Valero Refining Company-New Jersey
	Lenel	    	Lenel Network Video Suite	  	Valero Refining Company-New Jersey
	Lenel	    	Lenel OPC Server	  	Valero Refining Company-New Jersey
	Lenel	    	Lenel OPC Server	  	Valero Refining Company-New Jersey
	Lenel	    	Lenel Systems International, Inc. LicenseServer	  	Valero Refining Company-New Jersey
	Pervasive Software	    	Btrieve for Windows NT / Windows 95	  	Valero Refining Company-New Jersey
	Rockwell Automation	    	CenterONE	  	Valero Refining Company-New Jersey
	Rockwell Automation	    	CenterONE® for Windows	  	Valero Refining Company-New Jersey
	Secunia	    	Livelink Enterprise Scan	  	Valero Refining Company-New Jersey
	Secunia	    	Livelink Imaging 9.5	  	Valero Refining Company-New Jersey

  
 6 

 Section 4.4(a)-2 

Seller Contracts 
  

	1.	Terminal Service Agreement (Contract #30163) dated January 15, 2010, between Valero Marketing and Supply Company and Hess Corporation, for 300,000 bbl of black oil
storage at the Hess terminal in Baltimore, Maryland, as amended. 

  

	2.	Petcoke Handling Services Agreement dated December 11, 2002 between Valero Marketing and Supply Company and Savage Industries Inc. as amended. 

 

	3.	Track Lease Agreement December 23, 2002 between Valero Marketing and Supply Company and Savage Industries Inc. as amended. 

 

	4.	Service Agreement Processing dated January, 2007 by and between Port Contractors, Inc. and The Premcor Refining Group, Inc., as amended, to the extent that such
Agreement provides for processing of fluid petroleum coke from the Refinery. 

  

	5.	Track Lease Agreement dated October 1, 2009 between Southern Railroad of New Jersey and Valero Marketing and Supply Company, as amended through the Execution Date.

  

	6.	Railcar Staging Contract between Lehigh Valley Rail Management LLC and Valero Marketing and Supply Company, as amended through the Execution Date.

  

	7.	Empty L.P.G. Tankcar Storage Agreement between Winchester & Western Railroad Company and Valero Energy, as amended through the Execution Date.

  

	8.	Master Transportation Contract REG-NS-C-19061, dated June 1, 2004 between Norfolk Southern Railway Company and Consolidated Subsidiaries and Valero Marketing and
Supply Company, as amended through the Execution Date. 

  

	9.	Master Transportation Contract CSXT-C-80798, dated April 1, 2001 between CSX Transportation and Valero Marketing and Supply Company, as amended through the
Execution Date. 

  

	10.	Paulsboro Rouge Settlement Letter Agreement dated April 27, 2009 between Valero Marketing and Supply Company and Valero Refining Company – New Jersey and
Buckeye Pipe Line Transportation LLC, to the extent of Valero Marketing and Supply Company’s rights and obligations under the Letter Agreement. 

  

	11.	Paulsboro Pipeline System Shortages Letter Agreement dated April 26, 2007 between Valero Marketing and Supply Company and Valero Refining Company – New Jersey
and Buckeye Pipe Line Transportation LLC. to the extent of Valero Marketing and Supply Company’s rights and obligations under such Letter Agreement. 

  
 1 

	12.	Agreement with Plains Marketing, L.P. (as successor in interest to Pacific Atlantic Terminals LLC) for storage of ethanol in tank 14277 at the Plains Terminal in
Paulsboro NJ as may be evidenced by Storage and Product Handling Agreement number 57-04-06-1015, dated April 15, 2004, as amended and/or Storage and Product Handling Agreement number 6717-04-06-5021, dated April 15, 2004, as amended. Transferor
hereby specifically retains and reserves its interest in the storage and handling agreement, contract number 6718-00-05-5014, between Transferor and Plains Marketing, L.P. (as successor in interest to Pacific Atlantic Terminals LLC) for the storage
of ULSD at the Plains Terminal. 

  

	13.	Purchase Contract (Contract Number 4200085621) dated December 3, 2010 between VMSC and BP North America Petroleum, a division of BP Products North America Inc. for
the spot purchase of VGO, as amended. 

  

	14.	Service Agreement dated August 20, 2001 between VMSC and Gordon Terminal Service Co of NJ, Inc., as amended. 

 

	15.	Sales Contract Confirmation (contract no, 40265626) dated September 10, 2010 between VMSC and ExxonMobil Oil Corporation for the sale of Ethanol, as amended.

  

	16.	Purchasing Contract (deal sheet number 4200085602) dated December 3, 2010 between Shell Trading (US) Company and Valero Marketing and Supply Company for the spot
purchase of Vacuum Tower Bottoms HS (expected to be discharged at the Refinery on December 18, 2010), as amended. 

  

	17.	The following Specialty Contracts: 

  

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 60
	  	American Coals & Minerals Company	  	40241775-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 61
	  	Carmeuse Lime Inc.	  	40241772-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 62
	  	Chemical Lime Co. of Virginia	  	40241776-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 63
	  	ESSROC Cement Corporation	  	40241582-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 64
	  	Hercules Cement Company	  	40241979-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 65
	  	Keystone Cement Company	  	40241769-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 66
	  	Keystone Coal LLC	  	40241771-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 67
	  	LaFarge North America, Inc.	  	40241774-10	  	Sales	  	Petcoke	  	1/1/2010	  	12/31/2010
	 69
	  	PCS Phosphates	  	40242379	  	Sales	  	Sulfur	  	1/1/2010	  	12/31/2010
	 76/126
	  	Sunoco (Braskem PP Americas)	  	40245348	  	Sales	  	Propyref	  	1/1/2010	  	12/31/2011
	 122
	  	Aeropres Corporation	  	4200071388	  	Purchases	  	NGL	  	6/1/2009	  	7/31/2011
	 100
	  	BP Canada Energy Company	  	4200079932	  	Purchases	  	NGL	  	5/1/2010	  	3/31/2011
	 141
	  	Centennial Energy	  	4200085583	  	Purchase	  	NGL	  	12/1/2010	  	12/31/2010
	 142
	  	Plains Marketing	  	4200085582	  	Purchase	  	NGL	  	12/1/2010	  	12/31/2010
	 107
	  	Enright & Sons	  		  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 108
	  	EUSA- Allied Acquisition Corp	  	20194727	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011

  
 2 

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 109
	  	Global Gas Inc	  	20194038	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 110
	  	Heller’s Gas, Inc.	  	20194637	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 111
	  	Inergy Propane LLC	  	20194744	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 113
	  	Ronald L. Allen Inc	  	20193769	  	Sales	  	Propane	  	5/1/2010	  	4/30/2011
	 33
	  	Exxon Mobil Oil Corporation	  	40002465	  	Sales	  	Lubes	  	9/17/2008	  	9/16/2013
	 58
	  	BP Lubricants USA	  	40017745-10	  	Sales	  	Lubes	  	1/1/2002	  	12/31/2010
	 77
	  	Pennzoil Quaker State	  	40220877	  	Sales	  	Lubes	  	3/1/2009	  	12/31/2010
	 78
	  	Total Lubricants	  	40186269	  	Sales	  	Lubes	  	1/1/2008	  	12/31/2010
	 79
	  	Ackerman	  	40027493	  	Sales	  	Lubes	  	1/6/2003	  	12/31/2010
	 80
	  	Bel-Ray	  		  	Sales	  	Lubes	  	1/1/2010	  	12/31/2010
	 81
	  	Advanced Lubrication Specialties Co	  		  	Sales	  	Lubes	  	2/16/2010	  	2/15/2011
	 82
	  	Infineum, USA LP	  		  	Sales	  	Lubes	  	11/1/2008	  	12/31/2010
	 82
	  	Infineum VP100 Volume Agreement	  		  	Sates	  	Lubes	  	4/1/2009	  	3/31/2010
	 82
	  	Infineum VP165 Volume Agreement	  		  	Sales	  	Lubes	  	11/1/2008	  	12/31/2010
	 84
	  	Chevron Products Co (Bayonne, NJ)	  		  	Sales	  	Lubes	  	1/15/2010	  	12/31/2010
	 85
	  	Chevron Products Co (Willbridge, OR)	  		  	Sales	  	Lubes	  	1/15/2010	  	12/31/2010
	 98
	  	Lukoil Marine Lube	  	40248697	  	Sales	  	Lubes	  	3/16/2010	  	12/31/2010
	 115
	  	BP Lubricants USA	  		  	Sales	  	Lubes	  	7/15/2010	  	7/14/2011
	 116
	  	Cam2 International, LLC	  		  	Sales	  	Lubes	  	9/1/2010	  	8/31/2011
	 118
	  	David Weber Oil	  		  	Sales	  	Lubes	  	6/1/2010	  	5/31/2011
	 119
	  	Hangsterfers Laboratories	  		  	Sales	  	Lubes	  	7/1/2010	  	6/30/2011
	 120
	  	Petro-Canada Lubricants	  		  	Sales	  	Lubes	  	7/1/2010	  	6/30/2011
	 121
	  	Pinnacle Oil	  		  	Sales	  	Lubes	  	4/1/2010	  	12/31/2010
	 127
	  	Infineum USA - Amendment to #82 VP100	  		  	Sales	  	Lubes	  	4/1/2010	  	3/31/2011
	 128
	  	Infineum USA - Replaces #82 VP165	  		  	Sales	  	Lubes	  	12/31/2010	  	3/31/2012
	 129
	  	Advanced Lubrication Specialties-signed copy of #81	  		  	Sales	  	Lubes	  	2/16/2010	  	2/1 5/20 11
	 130
	  	American Refining Group, Inc	  		  	Sales	  	Lubes	  	12/1/2010	  	11/30/2011
	 131
	  	Bel-Ray	  		  	Sales	  	Lubes	  	1/1/2011	  	12/31/2011
	 132
	  	Chevron Marine Products LLC	  		  	Sales	  	Lubes	  	1/1/2011	  	12/31/2011
	 133
	  	Chevron Products Company	  		  	Sales	  	Lubes	  	1/1/2011	  	12/31/2011
	 134
	  	Chevron Products Company Amendment to #133	  		  	Sales	  	Lubes	  	1/1/2011	  	12/31/2011
	 135
	  	Coastal Blending & Packaging	  		  	Sales	  	Lubes	  	4/1/2010	  	3/3 1/20 II
	 136
	  	Superior Lubricants Co, Inc	  		  	Sales	  	Lubes	  	12/1/2010	  	11/30/2011
	 137
	  	UniSource Energy, Inc	  		  	Sales	  	Lubes	  	11/1/2010	  	10/31/2011
	 138
	  	Shell Oil Products - MOU	  		  	Sales	  	Lubes	  	10/11/2010	  	12/31/2010
	 139
	  	Michelin North American, Inc	  		  	Sales	  	Lubes	  	12/1/2010	  	12/31/2011
							
		  	Lubes Daily Rack Dealsheets - Active Customers	  		  		  		  		  	
	 A
	  	Advanced Lubrication	  	20032535	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Allegheny Petroleum	  	20036646	  	Sales	  	Lubes	  	5/15/2005	  	12/31/9999

  
 3 

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 A
	  	Allegheny Petroleum	  	20141428	  	Sales	  	Lubes	  	7/4/2008	  	12/31/9999
	 A
	  	American Refining Group	  	20032537	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	American Refining Group	  	20032631	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Angler Chemical	  	20032538	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Auto Club Oil & Chemical	  	20200144	  	Sales	  	Lubes	  	7/13/2010	  	12/31/9999
	 A
	  	Bee Energy, Inc.	  	20101128	  	Sales	  	Lubes	  	4/24/2007	  	12/31/9999
	 A
	  	Bel-Ray Company Inc	  	20032543	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Benz Oil Inc.	  	20032639	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Bp Lubricants Usa, Inc	  	20032546	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Bp Lubricants Usa, Inc	  	20032634	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Brenntag Northeast Inc	  	20032547	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Brenntag Southeast, Inc	  	20032548	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Brenntag Southeast, Inc	  	20140550	  	Sales	  	Lubes	  	6/20/2008	  	12/31/9999
	 A
	  	Cadillac Oil Company	  	20033723	  	Sales	  	Lubes	  	3/23/2005	  	12/31/9999
	 A
	  	Cadillac Oil Company	  	20169048	  	Sales	  	Lubes	  	6/12/2009	  	12/31/9999
	 A
	  	Cam2 International, Ll	  	20205137	  	Sales	  	Lubes	  	9/15/2010	  	12/31/9999
	 A
	  	Cam2 International, Ll	  	20205953	  	Sales	  	Lubes	  	9/22/2010	  	12/31/9999
	 A
	  	Cambridge Mill Product	  	20032549	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Castrol North America	  	20072123	  	Sales	  	Lubes	  	6/1/2006	  	12/31/9999
	 A
	  	Chavant Inc.	  	20051336	  	Sales	  	Lubes	  	10/14/2005	  	12/31/9999
	 A
	  	Chematron Inc.	  	20191133	  	Sales	  	Lubes	  	3/24/2010	  	12/31/9999
	 A
	  	Chemical Marketing Ass	  	20129437	  	Sales	  	Lubes	  	3/1/2008	  	12/31/9999
	 A
	  	Chevron Lubricants Can	  	20196990	  	Sales	  	Lubes	  	5/6/2010	  	12/31/9999
	 A
	  	Chevron Lubricants Can	  	20196991	  	Sales	  	Lubes	  	5/6/2010	  	12/31/9999
	 A
	  	Chevron Usa	  	20032635	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	CHS Inc.	  	20032551	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	CHS Inc.	  	20032642	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Clarkson & Ford Compan	  	20033024	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Coastal Blending & Pac	  	20194343	  	Sales	  	Lubes	  	5/5/2010	  	12/31/9999
	 A
	  	Coastal Blending & Pac	  	20202548	  	Sales	  	Lubes	  	8/9/2010	  	12/31/9999
	 A
	  	Condat Corporation	  	20198048	  	Sales	  	Lubes	  	6/4/2010	  	12/31/9999
	 A
	  	Crowley Chemical Company	  	20032832	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 A
	  	Crystal, Inc. - Pmc	  	20036023	  	Sales	  	Lubes	  	4/22/2005	  	12/31/9999
	 A
	  	David Weber Oil Co	  	20032585	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Dennison Lubricants, I	  	20032554	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Dennison Lubricants, I	  	20105340	  	Sales	  	Lubes	  	6/1/2007	  	12/31/9999
	 A
	  	Everchem, Llc	  	20184732	  	Sales	  	Lubes	  	1/1/2010	  	12/31/9999
	 A
	  	Forsythe Lubrication	  	20200824	  	Sales	  	Lubes	  	7/9/2010	  	12/31/9999
	 A
	  	Fuchs Lubricants Co.	  	20032556	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Fuchs Lubricants Co.	  	20032630	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999

  
 4 

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 A
	  	Growmark, Inc (Lubes)	  	20099827	  	Sales	  	Lubes	  	4/11/2007	  	12/31/9999
	 A
	  	H&R Group Us, Inc.	  	20175225	  	Sales	  	Lubes	  	9/1/2009	  	12/31/9999
	 A
	  	H&R Group Us, Inc.	  	20200340	  	Sales	  	Lubes	  	7/1/2010	  	12/31/9999
	 A
	  	Hangsterfers Laborator	  	20032558	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Idemitsu Lubricants Am	  	20062454	  	Sales	  	Lubes	  	2/17/2006	  	12/31/9999
	 A
	  	Idemitsu Lubricants Am	  	20132835	  	Sales	  	Lubes	  	4/9/2008	  	12/31/9999
	 A
	  	Infineum Usa Lp	  	20032560	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Infineum Usa Lp	  	20099233	  	Sales	  	Lubes	  	1/4/2007	  	12/31/9999
	 A
	  	Intercontinental Lubricants	  	20124234	  	Sales	  	Lubes	  	12/6/2007	  	12/31/9999
	 A
	  	International Petroleum	  	20096309	  	Sales	  	Lubes	  	2/16/2007	  	12/31/9999
	 A
	  	Intertex World Resources	  	20155227	  	Sales	  	Lubes	  	12/1/2008	  	12/31/9999
	 A
	  	Isp Synthetic Elastome	  	20048925	  	Sales	  	Lubes	  	9/1/2005	  	12/31/9999
	 A
	  	King Oil Co.	  	20032562	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Leamark Company	  	20118146	  	Sales	  	Lubes	  	10/24/2007	  	12/31/9999
	 A
	  	Linder Oil Company Inc	  	20148523	  	Sales	  	Lubes	  	10/1/2008	  	12/31/9999
	 A
	  	Lubricon Industries Ca	  	20160334	  	Sales	  	Lubes	  	2/25/2009	  	12/31/9999
	 A
	  	Lubri-Expert Inc.	  	20195569	  	Sales	  	Lubes	  	5/12/2010	  	12/31/9999
	 A
	  	Marchem Corporation	  	20163635	  	Sales	  	Lubes	  	4/1/2009	  	12/31/9999
	 A
	  	Marchem Southeast	  	20172325	  	Sates	  	Lubes	  	7/1/2009	  	12/31/9999
	 A
	  	Marie Industries, Inc.	  	20159402	  	Sales	  	Lubes	  	2/9/2009	  	12/31/9999
	 A
	  	Marie Industries, Inc.	  	20179142	  	Sales	  	Lubes	  	10/1/2009	  	12/31/9999
	 A
	  	Michelin North America	  	20032837	  	Sales	  	Lubes	  	1/1/2005	  	12/31/9999
	 A
	  	Michelin North America	  	20032938	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 A
	  	Moraine Liquid Technol	  	20032654	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Moraine Liquid Technol	  	20089742	  	Sales	  	Lubes	  	12/12/2006	  	12/31/9999
	 A
	  	Noco Lubricants Company	  	20200143	  	Sales	  	Lubes	  	7/13/2010	  	12/31/9999
	 A
	  	Northeast Products Com	  	20032565	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Northeast Products Com	  	20032655	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Northland Product Comp	  	20099245	  	Sales	  	Lubes	  	4/1/2007	  	12/31/9999
	 A
	  	Northland Product Comp	  	20159629	  	Sales	  	Lubes	  	2/10/2009	  	12/31/9999
	 A
	  	O F Zum Company	  	20032587	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Ocean State Oil Inc	  	20032566	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Owens Corning Sales	  	20189132	  	Sales	  	Lubes	  	2/25/2010	  	12/31/9999
	 A
	  	Pennzoil -Quaker State	  	20169625	  	Sales	  	Lubes	  	6/12/2009	  	12/31/9999
	 A
	  	Petro-Canada Lubricant	  	20195835	  	Sales	  	Lubes	  	5/12/2010	  	12/31/9999
	 A
	  	Pinnacle Oil Inc.	  	20032657	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Pinnacle Oil Inc.	  	20060479	  	Sales	  	Lubes	  	1/25/2006	  	12/31/9999
	 A
	  	Pride Solvents & Chemi	  	20202123	  	Sales	  	Lubes	  	8/4/2010	  	12/31/9999
	 A
	  	Prime Materials Associ	  	20059946	  	Sales	  	Lubes	  	1/20/2006	  	12/31/9999
	 A
	  	Produits Lubri-Delta	  	20191735	  	Sales	  	Lubes	  	3/29/2010	  	12/31/9999

  
 5 

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 A
	  	Quaker Chemical Corp	  	20122067	  	Sales	  	Lubes	  	12/13/2007	  	12/31/9999
	 A
	  	Renkert Oil, Llc	  	20032838	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 A
	  	Rock Valley Oil & Chem	  	20112657	  	Sales	  	Lubes	  	9/6/2007	  	12/31/9999
	 A
	  	Scot Lubricants Of PA	  	20032573	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Shelan Chemical Co Inc	  	20032941	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 A
	  	Silogram Lubricants Co	  	20032574	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Specialites Hipertech,	  	20201900	  	Sales	  	Lubes	  	8/4/2010	  	12/31/9999
	 A
	  	Spectrum Lubricants	  	20032646	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Spectrum Lubricants	  	20096073	  	Sales	  	Lubes	  	2/28/2007	  	12/31/9999
	 A
	  	Sunoco, Inc.	  	20204931	  	Sales	  	Lubes	  	9/7/2010	  	12/31/9999
	 A
	  	Superior Lubricants Co	  	20167130	  	Sales	  	Lubes	  	5/11/2009	  	12/31/9999
	 A
	  	The Elco Corporation	  	20032555	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	The Lubrizol Corporation	  	20197723	  	Sales	  	Lubes	  	6/14/2010	  	12/31/9999
	 A
	  	The Orelube Corporation	  	20140551	  	Sales	  	Lubes	  	6/17/2008	  	12/31/9999
	 A
	  	The United Oil Co Inc	  	20032581	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Total Lubricants Canad	  	20165423	  	Sales	  	Lubes	  	4/1/2009	  	12/31/9999
	 A
	  	Total Lubricants USA	  	20032578	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Total Lubricants USA	  	20032664	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Tribology Inc.	  	20137332	  	Sales	  	Lubes	  	5/28/2008	  	12/31/9999
	 A
	  	Unisource Energy Inc	  	20032580	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	United Oil Company	  	20032582	  	Sales	  	Lubes	  	3/16/2005	  	12/31/9999
	 A
	  	Us Lubes Llc	  	20202424	  	Sales	  	Lubes	  	8/9/2010	  	12/31/9999
	 A
	  	W.R. Grace & Co - Conn	  	20034435	  	Sales	  	Lubes	  	4/6/2005	  	12/31/9999
	 A
	  	Wallover Oil Co Inc	  	20193344	  	Sales	  	Lubes	  	4/23/2010	  	12/31/9999
	 A
	  	Warren Distribution In	  	20114425	  	Sales	  	Lubes	  	9/17/2007	  	12/31/9999
	 A
	  	Warren Distribution In	  	20186023	  	Sales	  	Lubes	  	1/15/2010	  	12/31/9999
	 A
	  	Warren Oil Company Inc	  	20032584	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 A
	  	Yokohama Tire Corp	  	20032840	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
							
		  	Lubes Daily Rack Dealsheets - Inactive Customers	  		  		  		  		  	
	 I
	  	A & W Oil Company, Inc.	  	20170041	  	Sales	  	Lubes	  	6/25/2009	  	12/31/9999
	 I
	  	Ackerman Oil Co., Inc.	  	20032534	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Ackerman Oil Co., Inc.	  	20032629	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Albatross Usa, Inc.	  	20032536	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Amalie Oil Company	  	20093947	  	Sales	  	Lubes	  	1/15/2007	  	12/31/9999
	 I
	  	American Agip Company, Inc.	  	20098438	  	Sales	  	Lubes	  	3/22/2007	  	12/31/9999
	 I
	  	Appc Oil Company, Inc.	  	20089535	  	Sales	  	Lubes	  	12/12/2006	  	12/31/9999
	 I
	  	April Super Flo/Verco	  	20032636	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Ashland Specialty Chemical Company	  	20032539	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Atlantic States Lubricants	  	20032540	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999

  
 6 

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 I
	  	Avatar Corporation	  	20032541	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Avatar Corporation	  	20032637	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Avatar Corporation	  	20096093	  	Sales	  	Lubes	  	2/13/2007	  	12/31/9999
	 I
	  	Battenfeld Grease And Oil C-Ny	  	20032638	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Battenfeld Grease And Oil C-Ny	  	20139928	  	Sales	  	Lubes	  	6/25/2008	  	12/31/9999
	 I
	  	Bay Oil Company	  	20063834	  	Sales	  	Lubes	  	2/17/2006	  	12/31/9999
	 I
	  	Black Bear Co., Inc	  	20032544	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Borcke Associates Inc	  	20032545	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Boss Lubricants	  	20110129	  	Sales	  	Lubes	  	4/11/2007	  	12/31/9999
	 I
	  	Brenntag Southeast, Inc.	  	20032828	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	Bridgestone/Firestone Inc.	  	20032829	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	Bridgestone/Firestone Inc.	  	20034037	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	Cam2 Oil Products Company	  	20069030	  	Sales	  	Lubes	  	5/1/2006	  	12/31/9999
	 I
	  	Camco Commodity Chemicals, Inc.	  	20032641	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Carlisle Tire & Wheel Company	  	20047272	  	Sales	  	Lubes	  	9/1/2005	  	12/31/9999
	 I
	  	Castrol Industrial N.A. Inc.	  	20032550	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Central Oil Co.	  	20170837	  	Sales	  	Lubes	  	6/30/2009	  	12/31/9999
	 I
	  	Champion Brands, Llc	  	20118147	  	Sales	  	Lubes	  	11/6/2007	  	12/31/9999
	 I
	  	Chemex Corporation	  	20112734	  	Sales	  	Lubes	  	8/30/2007	  	12/31/9999
	 I
	  	Chemlube International Inc	  	20113636	  	Sales	  	Lubes	  	9/17/2007	  	12/31/9999
	 I
	  	Chemtura Canada Co./Cie	  	20050038	  	Sales	  	Lubes	  	10/4/2005	  	12/31/9999
	 I
	  	Chemtura Corporation	  	20061034	  	Sales	  	Lubes	  	2/1/2006	  	12/31/9999
	 I
	  	Chevron Usa	  	20070545	  	Sales	  	Lubes	  	5/17/2006	  	12/31/9999
	 I
	  	Concord Chemical Co.	  	20036648	  	Sales	  	Lubes	  	5/5/2005	  	12/31/9999
	 I
	  	Cooper Tire & Rubber Company	  	20032831	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	Cross Oil Refining	  	20102634	  	Sales	  	Lubes	  	5/16/2007	  	12/31/9999
	 I
	  	Darby Trading	  	20074524	  	Sales	  	Lubes	  	3/6/2006	  	12/31/9999
	 I
	  	Dsm Copolymer, Inc.	  	20032833	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	East Coast Oils, Inc.	  	20032647	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Elare Partners Ltd Dba Lea Internat	  	20115538	  	Sales	  	Lubes	  	10/3/2007	  	12/31/9999
	 I
	  	Exxon Mobil-Bayonne Lube Plant	  	20055826	  	Sales	  	Lubes	  	11/29/2005	  	12/31/9999
	 I
	  	Exxonmobil Engineering & Research	  	20062859	  	Sales	  	Lubes	  	2/24/2006	  	12/31/9999
	 I
	  	General Oil Company Inc	  	20032557	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Goodyear Engineered Products	  	20032835	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	Growmark, Inc	  	20099828	  	Sales	  	Lubes	  	4/11/2007	  	12/31/9999
	 I
	  	Hicks Oils	  	20032648	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Hipertech Inc.	  	20062232	  	Sales	  	Lubes	  	2/13/2006	  	12/31/9999
	 I
	  	Holly Refining & Mktg - Tulsa, Llc	  	20173746	  	Sales	  	Lubes	  	8/11/2009	  	12/31/9999
	 I
	  	Homan Corporation	  	20032559	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Homan Corporation	  	20032649	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999

  
 7 

													
	 #
	  	 Customer
	  	DS#	  	Type	  	Product	  	Valid From	  	Valid To
	 I
	  	Homan Oil Company Llc	  	20145428	  	Sales	  	Lubes	  	8/17/2008	  	12/31/9999
	 I
	  	Imperial Oil Co Inc	  	20059424	  	Sales	  	Lubes	  	1/9/2006	  	12/31/9999
	 I
	  	Infineum Usa Lp	  	20032633	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Infineum Usa Lp	  	20098440	  	Sales	  	Lubes	  	3/1/2007	  	12/31/9999
	 I
	  	Infineum Usa Lp	  	20099237	  	Sales	  	Lubes	  	1/4/2007	  	12/31/9999
	 I
	  	International Petroleum Products	  	20032561	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	International Petroleum Products	  	20032632	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Kemira Chemicals Inc (Formerly	  	20095930	  	Sales	  	Lubes	  	2/16/2007	  	12/31/9999
	 I
	  	Kemira Paper Chemicals Canada Inc	  	20032650	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Lubricon Industries Canada Limited	  	20208929	  	Sales	  	Lubes	  	11/1/2010	  	12/31/9999
	 I
	  	Marathon Petroleum Co. Llc	  	20068241	  	Sales	  	Lubes	  	4/19/2006	  	12/31/9999
	 I
	  	Marie Industries	  	20178528	  	Sales	  	Lubes	  	10/1/2009	  	12/31/9999
	 I
	  	Mccollister & Company	  	20032651	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Micro Oil Inc	  	20032653	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Monson Companies	  	20105423	  	Sales	  	Lubes	  	6/7/2007	  	12/31/9999
	 I
	  	Moroii Technologies	  	20032564	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Noco Energy Corpor	  	20113635	  	Sales	  	Lubes	  	9/17/2007	  	12/31/9999
	 I
	  	Oil Associates Incorporated	  	20032567	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Olympic Oil, Ltd.	  	20032656	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Olympic Oil, Ltd.	  	20036932	  	Sales	  	Lubes	  	5/5/2005	  	12/31/9999
	 I
	  	Omni Industries, Inc.	  	20167230	  	Sales	  	Lubes	  	5/18/2009	  	12/31/9999
	 I
	  	Petron Corporation	  	20032568	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Pitt Penn Oil Co.	  	20032569	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Premium Oil Company	  	20032570	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Red Giant Oil Company / Dba Searle	  	20032659	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Red Giant Oil Company / Dba Searle	  	20054323	  	Sales	  	Lubes	  	11/14/2005	  	12/31/9999
	 I
	  	Renkert Oil, Inc.	  	20032572	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Renkert Oil, Llc	  	20032823	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Rock Valley Oil & Chemical Company	  	20104623	  	Sales	  	Lubes	  	6/1/2007	  	12/31/9999
	 I
	  	Royal Manufacturing Co Lp	  	20099323	  	Sales	  	Lubes	  	3/23/2007	  	12/31/9999
	 I
	  	Safety-Kleen Oil Recovery Co	  	20032658	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Scot Lubricants Of Pa Inc	  	20040648	  	Sales	  	Lubes	  	6/13/2005	  	12/31/9999
	 I
	  	Shelan Chemical Co Inc	  	20032660	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Shell Canada Products	  	20037223	  	Sales	  	Lubes	  	5/9/2005	  	12/31/9999
	 I
	  	Shell Trading (Us) Company	  	20114037	  	Sales	  	Lubes	  	9/20/2007	  	12/31/9999
	 I
	  	Silogram Lubricants Corp	  	20032662	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Smitty’S Supply, Inc.	  	20088845	  	Sales	  	Lubes	  	12/1/2006	  	12/31/9999
	 I
	  	Smitty’S Supply, Inc.	  	20094830	  	Sales	  	Lubes	  	1/25/2007	  	12/31/9999
	 I
	  	Sonneborn Inc.	  	20099830	  	Sales	  	Lubes	  	4/11/2007	  	12/31/9999
	 I
	  	Sopus Products	  	20032661	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999

  
 8 

													
	 #
	  	 Customer
	  	DS#	  	 Type
	  	 Product
	  	Valid From	  	Valid To
	 I
	  	Source Associates, Inc.	  	20032575	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Stirling Lubricants Inc.	  	20032576	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Sunoco, Inc.	  	20035167	  	Sales	  	Lubes	  	4/14/2005	  	12/31/9999
	 I
	  	Sunrise Oil & Chemical Inc	  	20032577	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	The Goodyear Tire And Rubber Co	  	20032834	  	Sales	  	Lubes	  	4/1/2005	  	12/31/9999
	 I
	  	The Valvoline Company	  	20032583	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Titan Tire Of Bryan, Ohio	  	20079952	  	Sales	  	Lubes	  	9/1/2006	  	12/31/9999
	 I
	  	Unisource Energy Inc	  	20193941	  	Sales	  	Lubes	  	4/30/2010	  	12/31/9999
	 I
	  	Warren Oil Company Inc	  	20032665	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Warren Oil Company Inc	  	20089629	  	Sales	  	Lubes	  	12/12/2006	  	12/31/9999
	 I
	  	Wellington Oil & Manufacturing Corp	  	20093958	  	Sales	  	Lubes	  	1/20/2007	  	12/31/9999
	 I
	  	West Penn Oil Co., Inc.	  	20032586	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	West Penn Oil Co., Inc.	  	20032666	  	Sales	  	Lubes	  	3/14/2005	  	12/31/9999
	 I
	  	Yushiro Manufacturing America Inc.	  	20143546	  	Sales	  	Lubes	  	8/6/2008	  	12/31/9999
	 I
	  	Yushiro Manufacturing America Inc.	  	20143547	  	Sales	  	Lubes	  	8/6/2008	  	12/31/9999

  
 9 

	18.	The following Jet Fuel Contracts  

JET FUEL CONTRACTS – 12/14/2010 
  

											
	 Counterparty
	  	Contract #	  	Product	  	Beginning
Date	  	Expiration
Date	  	Notes
	 Philadelphia Deliveries
	  		  		  		  		  	
						
	 2. British Airways PLC
	  	40260639	  	Jet FTZ	  	08/01/2010	  	07/31/2011	  	
	 3. Continental Airlines
	  	40272945	  	Jet	  	07/01/2010	  	06/30/2011	  	
	 4. Delta Airlines
	  	40272225	  	Jet	  	06/01/2010	  	05/31/2011	  	
	 6. Frontier Airlines Post Bankruptcy
	  	40272947	  	Jet	  	07/01/2010	  	06/30/2011	  	
	 7. Lufthansa
	  	40226545	  	Jet FTZ	  	06/01/2009	  	05/31/2011	  	
	 8. Southwest Airlines
	  	40272224	  	Jet	  	08/01/2010	  	07/31/2011	  	
	 9. United Airlines
	  	40272948	  	Jet	  	04/01/2010	  	03/31/2011	  	
	 10. United Parcel Service Co.
	  	40272949	  	Jet	  	07/01/2009	  	06/30/2011	  	
	 11. US Airways
	  	40271414	  	Jet and Jet FTZ	  	11/01/2010	  	10/31/2011	  	
						
	 Paulsboro Rack (Different Locations)
	  		  		  		  		  	
						
	 13. AVFUEL Corporation
	  	40272950	  	Jet	  	07/01/2010	  	06/30/2011	  	
	 14. Arrow Energy
	  	40272951	  	Jet	  	09/01/2010	  	08/31/2011	  	
	 16. Epic Aviation LLC
	  	40272958	  	Jet	  	07/01/2010	  	06/30/2011	  	
	 17. ExxonMobil Oil Corp.
	  	40043149	  	Jet	  	11/01/2003	  	10/31/9999	  	
	 19. Shell Oil Products U.S.
	  	40272952	  	Jet	  	01/01/2010	  	12/31/2010	  	
	 20. Western Petroleum
	  	40272953	  	Jet	  	01/01/2010	  	12/31/2010	  	
	 21. World Fuel Services (Jet Fuel)
	  	40272954	  	Jet	  	08/01/2010	  	07/31/2011	  	

  
 10 

	19.	The following Light Product Contracts: 

  

											
	 Counterparty
	  	 Contract #
	  	 Product
	 	 Contract Date
	  	 Beginning Date
	  	 Expiration Date

	 Shipley Fuels
 Marketing,
LLC
	  	40237445	  	 CBOB Unleaded

Gasoline
 CBOB Premium

Gasoline
	 	 Original date of

10/12/2009,
 revised 12/10/10
	  	November 1, 2009	  	January 31, 2011
						
	 Shipley Fuels
 Marketing,
LLC
	  	40237446	  	Heating Oil	 	 Original date of

10/12/2009,
 revised 12/10/10
	  	November 1, 2009	  	January 31, 2011
						
	 Center Oil

Company
	  	40272585	  	Spot Heating Oil	 	11/15/2010	  	12/1/2010	  	12/31/2010

  
 11 

 Section 4.6 

Compliance with Laws 
 [REDACTED] 

  
 1 

 Schedule 4.7 
 Litigation 
 [REDACTED] 

  
 1 

 EXHIBIT F 
 TO 
 STOCK PURCHASE AGREEMENT 

FEEDSTOCK AND PRODUCT INVENTORY SALES AGREEMENT 
 THIS FEEDSTOCK AND PRODUCT INVENTORY SALES AGREEMENT (this “Agreement”), is made and entered into as of December 17, 2010 (the “Effective
Date”), by and between VALERO MARKETING AND SUPPLY COMPANY, a Delaware corporation (“Seller”) and PBF HOLDING COMPANY LLC, a Delaware limited liability company (the “Buyer”) (collectively, the
“Parties”). 
 RECITALS 
 A. Buyer, and Valero Refining and Marketing Company, a Delaware corporation (“VRMC”), have entered into a Stock Purchase Agreement, dated as of September 24, 2010 (the
“SPA”), pursuant to which VRMC will sell and transfer, and Buyer will purchase and acquire, the Shares (as defined in the SPA) and, as such, Buyer will indirectly acquire the Refinery (as defined in the SPA) and certain related,
tankage and logistics assets (collectively, the “Refinery Logistics Assets”). VRMC is an affiliate of Seller. 

B. Seller has historically provided feedstock to the owner of the Refinery for use in its operations, and Seller has maintained title to
and ownership of the products produced by the Refinery (such feedstocks and products are more particularly defined herein as the “Feedstock and Products Inventory”). In connection with consummation of the transactions contemplated
by the SPA, Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, all of Seller’s right, title, and interest in and to the Feedstock and Products Inventory and subsequently the Unpaid Crude Oil In-Transit. At Closing,
Buyer may concurrently sell or assign the Feedstock and Products Inventory to certain third parties who will directly pay Seller for such inventory that they purchase from Buyer, provided, however, Buyer shall remain responsible for all Closing
payments to Seller. 
 C. Seller and Buyer desire to enter into this Agreement to set forth their agreements regarding the
protocols to be used for measuring the quantity and quality of the Feedstock and Products Inventory and certain other inventories of feedstocks consumed and products produced at the Refinery, and to establish the prices to be paid by Buyer to Seller
for the Feedstock and Products Inventory. 
 D. As a condition precedent to Closing under the SPA, Buyer and VMRC require the
execution of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing premises, the mutual promises and covenants
contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, subject to the terms and conditions hereinafter set forth, agree as follows: 

  
 - 1 -

 SECTION 1: DEFINITIONS 

1.1 Definitions. The following terms shall have the following meanings for the purposes of this Agreement:

 1.1.1 “Affiliate” has the same meaning as that term is defined in the SPA. 

1.1.2 “Argus” means the various daily reports published by Argus Media Group including the Argus International Crude
Report and the U.S. Products Report. 
 1.1.3 “Agreement” has the meaning set forth in the introductory
paragraph immediately preceding the Introduction. 
 1.1.4 “Asphalt Terminals” means the following asphalt
terminals: the Apex Terminal in Baltimore, MD and the Kinder Morgan Terminal in Richmond, VA. 
 1.1.5 “Bath
Butane” has the meaning set forth in Section 5.1 hereof. 
 1.1.6 “Barrel” means 42 United States
standard gallons of 231 cubic inches at 60 degrees Fahrenheit and one atmosphere of pressure (14.696 PSIA). 
 1.1.7
“Business Day” has the same meaning as that term is defined in the SPA. 
 1.1.8 “Buyer” has
the meaning set forth in the introductory paragraph immediately preceding the Introduction. 
 1.1.9 “Closing”
has the same meaning as that term is defined in the SPA. 
 1.1.10 “Closing Date” shall be December 17,
2010. 
 1.1.11 “Crude Oil In-Tankage” means all volumes of crude oil and refinery feedstock that Seller has
title to on or before the Inventory Transfer Time which are located within the Refinery Tankage and the Third-Party Tankage or Storage. 
 1.1.12 “Crude Oil In-Transit Inventory” means those volumes of crude oil and feedstock that Seller either has title to or has purchased on or before the Inventory Transfer Time that are
scheduled for delivery to the Refinery, the Refinery Tankage, or the Third-Party Tankage or Storage, but which have not, as yet, been delivered to the Refinery, any Refinery Tankage, or any Third-Party Tankage or Storage as of the Inventory Transfer
Time and which will include, without limitation, Seller’s crude oil and feedstock as is located, in pipelines, barges, and vessels but excludes Unpaid Crude-Oil In-Transit. Notwithstanding anything herein to the contrary, the Parties assume
that on the Inventory Transfer Time that there will be no Crude Oil In-Transit Inventory except for the Hess VGO. 
 1.1.13
“Effective Date” has the meaning set forth in the introductory paragraph immediately preceding the Introduction. 

  
 - 2 -

 1.1.14 “Estimated Feedstock and Products Inventory Sales Amount” means the
amount specified in a notice from Seller to Buyer no later than three (3) Business Days prior to the Closing, being Seller’s reasonable good faith estimate of the Final Feedstock and Products Inventory Sales Amount, as determined in
accordance with the procedures set forth in Section 3 and Exhibit A of this Agreement. Such notice shall also include Seller’s calculations used to determine the Estimated Feedstock and Products Inventory Sales Amount,
which shall be provided in an Excel spreadsheet. 
 1.1.15 “Feedstock and Products Inventory” means all
(i) In-Tankage Inventory, (ii) In-Transit Inventory, (iii) Refinery OSBL Line Fill and (iv) any volumes of the Products identified in Part II of Exhibit A which are in the physical possession of Seller or
Company and located within the Refinery as of the Inventory Transfer Time; in all cases which, as of the Inventory Transfer Time shall be subject to the physical inventory procedures set forth in Exhibit A hereto and the pricing adjustments
set forth in Section 3. The definition of Feedstock and Products Inventory herein shall not mean nor include, and expressly excludes, all Refinery and Unit Process Chemicals and Catalyst, Unit Fill and the Retained Feedstock and
Products. 
 1.1.16 “Feedstock and Products Sales Amount Adjustment” has the meaning set forth in
Section 3.1.6 of this Agreement. 
 1.1.17 “Feedstock and Products Sales Statement” has the meaning set
forth in Section 3.1.5 of this Agreement. 
 1.1.18 “Final Feedstock and Products Inventory Sales Amount”
means the amount of the Feedstock and Products Inventory as determined in accordance with the procedures described in Section 3 and Exhibit A of this Agreement. 

1.1.19 “Final Inventory Report” has the meaning set forth in Section 3.1.4 of this Agreement. 

1.1.20 “Finished Product In-Tankage” means all volumes of finished or refined Products that Seller has title to and are
located within the Refinery Tankage and the Third-Party Tankage or Storage as of the Inventory Transfer Time. 
 1.1.21
“Finished Product In-Transit” means all volumes of finished or refined Products that Seller has title to which are, as of the Inventory Transfer Time, located in the Jet Pipeline, NuStar Pipeline or the Plains Pipeline, or in the
case of lubes and petcoke Products, in any railcars, barges, tank trucks or other facilities outside the Refinery and have not yet been delivered to any Third Party Tankage or Storage or customer, if sold to such customer on a delivered basis, or in
the case of certain lube Products to be transloaded, which have not yet been transloaded at the transload terminal or facility. 

1.1.22 “Gallon” means one standard United States gallon of 231 cubic inches at 60 degrees Fahrenheit and one atmosphere
of pressure (14.696 PSIA). 
 1.1.23 “Hess VGO” means approximately 123,386 bbls of VGO loaded on three
separate barges and in transit to the Refinery from the Hess Terminal in Baltimore, Md. 

  
 - 3 -

 1.1.24 “In-Transit Inventory” means the Crude Oil In-Transit Inventory and
the Finished Product In-Transit. 
 1.1.25 “In-Tankage Inventory” means the Crude Oil In-Tankage and the
Finished Product In-Tankage. 
 1.1.26 “Inventory Committee” has the meaning set forth in Section 3.1.1 of
this Agreement. 
 1.1.27 “Inventory Schedule” has the meaning set forth in Section 3.1.1 of this
Agreement. 
 1.1.28 “Inventory Transfer Time” means 00:00:01 A.M., local time, on the Closing Date.

 1.1.29 “Jet Line” means the jet fuel pipeline which runs from the Refinery to the Philadelphia Airport which
is owned and operated by Buckeye Pipeline. 
 1.1.30 “NuStar Line” means the product line which runs from the
Refinery to the NuStar Terminal. 
 1.1.31 “NuStar Terminal” means the refined product distribution terminal
owned by NuStar and located adjacent to the Refinery at 7 North Delaware Street, Paulsboro, NJ. 
 1.1.32
“OPIS” means Oil Price Information Service. 
 1.1.33 “Parties” and “Party”
have the meanings set forth in the introductory paragraph immediately preceding the Introduction. 
 1.1.34 “Plains
Line” means the ethanol pipeline which runs from the Plains Terminal to the NuStar Terminal. 

1.1.35 “Plains Terminal” means the ethanol distribution terminal owned by Plains and located
adjacent to the Refinery at 3rd Street and Billingsport,
Paulsboro, NJ. 
 1.1.36 “Platt’s” means Platt’s Oilgram Price Report. 

1.1.37 “Permitted Liens” has the same meaning as that term is defined in the SPA. 

1.1.38 “Petroleum Inspection Company” has the meaning set forth in Section 3.1.1 of this Agreement. 

1.1.39 “Products” means all crude oil, feedstock, and products that are currently used and/or produced in the ordinary
course of the business conducted at the Refinery. 
 1.1.40 “Refinery” has the same meaning as that term is
defined in the SPA. 

  
 - 4 -

 1.1.41 “Refinery Butane” means all normal butane and isobutane that Seller
has title to which is, as of the Inventory Transfer Time, stored in railcars located within the boundaries of the Refinery or in-transit for storage at the Refinery. 
 1.1.42 “Refinery OSBL Line Fill” means the Products that Seller has title to which are, as of the Inventory Transfer Time, located in any pipeline or lateral located within the boundaries
of the Refinery, but outside the battery limits of the refining or processing units within the Refinery, as further identified by product and volume on Exhibit C attached hereto. The definition of Refinery OSBL (outside battery limits) Line
Fill expressly excludes any In-Transit Inventory and In-Tankage Inventory. 
 1.1.43 “Refinery Tankage” means
and includes all tankage (and in the case of certain specialty products, all staging areas, sulfur pits or other storage facilities) which is used for the storage of Products and is located within the boundaries of the Refinery; including any
segment of any pipe or conveyor used to move such Products into and out of such tankage or facilities which is attached to, and is situated only in the immediate vicinity of, such tankage or facilities. 

1.1.44 “Retained Feedstock and Products” means all of the following types of Products: (i) those volumes of refined
Products that Seller either has title to or has sold to any third party on or before the Inventory Transfer Time and which have already been either loaded or removed from and delivered out of the Refinery Tankage and the Refinery as of the Inventory
Transfer Time, but in all cases excluding any Finished Product In-Transit or refined Products located within the Third-Party Tankage or Storage; (ii) those volumes of asphalt Products in transit to or located at the Asphalt Terminals as of the
Inventory Transfer Time; and (iii) the Refinery Butane, as of the Inventory Transfer Time. 
 1.1.45
“Seller” has the meaning set forth in the introductory paragraph immediately preceding the Introduction. 

1.1.46 “SPA” has the meaning set forth in the Introduction. 

1.1.47 “Tank Heels” means the greater of: a) volume of Product below the lowest suction in a tank, unless the tank is
equipped with a regular side entry pipe in which case “Tank Heels” means the volume below the middle of the lowest suction in such tank, or b) the volume required to safely float a roof in a floating roof tank. 

1.1.48 “Third-Party Tankage or Storage” means each of the third-party owned and/or operated storage tanks, underground
storage caverns or in the case of petcoke, dry bulk storage facilities described on Exhibit B. The term “Third-Party Tankage or Storage” includes any segment of any pipe or in the case of Petcoke any gondolas, chutes or conveyors
used to move such Products into and out of such tankage or storage which is attached to, and is situated only in the immediate vicinity of, such tankage or storage. 
 1.1.49 “Unit Fill” means all volumes of Products that Seller has title to which is, as of the Inventory Transfer Time, located at or contained in any part or portion of any refining or
processing unit located within the boundaries of the Refinery, but excludes the Refinery OSBL Line Fill and any products contained in the Refinery Tankage. 

  
 - 5 -

 1.1.50 “Unpaid Crude Oil In-Transit” means those volumes of crude oil and
feedstock on vessels that Seller has purchased or contracted to purchase but which have not been paid for by Seller as of the Inventory Transfer Time and are scheduled for delivery to the Refinery, the Refinery Tankage, or the Third-Party Tankage or
Storage, but which have not, as yet, been delivered to the Refinery, any Refinery Tankage, or any Third-Party Tankage or Storage as of the Inventory Transfer Time, and which are designated as “Unpaid Crude Oil In-Transit” on Exhibit
F. 
 All capitalized terms used, but that are not otherwise defined, in the body of this Agreement shall have the meanings
ascribed to such terms in the SPA. 
 SECTION 2: ASSIGNMENT AND CONVEYANCE 

2.1 Assignment and Conveyance. Seller hereby SELLS, ASSIGNS, TRANSFERS, and DELIVERS unto Buyer (or its designated
assignee), its successors and assigns forever, all of Seller’s right, title, and interest in and to all of the Feedstock and Products Inventory and Unit Fill TO HAVE AND TO HOLD, all of Seller’s right, title, and interest in and to the
Feedstock and Products Inventory and Unit Fill, together with all and singular the rights and appurtenances thereto in anywise belonging, unto Buyer (or its designated assignee) and Buyer’s (or its designated assignee’s) successors and
assigns forever. Seller, for itself, its successors and assigns, covenants and agrees to warrant and forever defend good title to the Feedstock and Products Inventory, free and clear of all liens, against the claims of all parties claiming the same
by, through, or under Seller, but not otherwise. 
 2.2 Warranties and Representations of Seller; Disclaimer of
Warranties. EXCEPT FOR THE FOREGOING LIMITED SPECIAL WARRANTY OF TITLE, THIS CONVEYANCE IS MADE AND ACCEPTED WITHOUT ANY WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, REGARDING THE FEEDSTOCK AND
PRODUCTS INVENTORY AND UNIT FILL INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO THE CONDITION OR MERCHANTABILITY OF SUCH COMMODITY OR FITNESS OF ANY SUCH COMMODITY FOR A PARTICULAR PURPOSE, ALL OF WHICH ARE HEREBY DISCLAIMED. BUYER SHALL ACCEPT
ALL OF THE FEEDSTOCK AND PRODUCTS INVENTORY AND UNIT FILL IN ITS “AS IS, WHERE IS” CONDITION AND “WITH ALL FAULTS. 
 SECTION 3: TIMELINE 
 3.1 Timeline. The Parties anticipate
that the following events will occur in the manner and sequence set forth as follows: 
 3.1.1 Inventory Committee. An
inventory committee (the “Inventory Committee”) consisting of a representative of each of Buyer and Seller and a mutually agreeable independent petroleum inspection company (the “Petroleum Inspection Company”) shall
be established to prepare and conduct the physical inventory measurement pursuant to the procedures set forth in Exhibit A. As of the Effective Date of this Agreement, Buyer and Seller shall each designate their respective Inventory
Committee representatives, and the 

  
 - 6 -

 representatives shall agree upon and appoint the Petroleum Inspection Company. Promptly upon appointment of
the Petroleum Inspection Company, Seller shall provide Buyer and the Petroleum Inspection Company with all information relating to the Feedstock and Products Inventory, including tank and product types, which is necessary to design and carry out an
effective physical inventory in the manner set forth in Exhibit A. The Inventory Committee shall use this information to develop a mutually agreed upon gauging and sampling schedule by location and tank (the “Inventory
Schedule”). The Inventory Schedule shall be approved by the Inventory Committee no later than five (5) Business Days prior to Closing. The physical inventory measurement shall then be conducted in accordance with the Inventory Schedule
and the provisions of Exhibit A. 
 3.1.2 Delivery of Estimated Feedstock and Products Inventory Sales Amount. No
later than three (3) Business Days prior to the Closing, Seller shall deliver to Buyer the Estimated Feedstock and Products Inventory Sales Amount. 
 3.1.3 Payment of Estimated Feedstock and Products Inventory Sales Amount. At the Closing, in consideration of Seller’s assignment and conveyance of the Feedstock and Products Inventory, Buyer
shall pay to Seller, by wire transfer or delivery of other immediately available funds, the Estimated Feedstock and Products Inventory Sales Amount. 
 3.1.4 Inventory Report. Within ten (10) Business Days after the Closing Date, the Petroleum Inspection Company shall provide the Parties with a physical inventory report setting forth the
quantity (which shall be temperature, API gravity, bottom sediment & water (BS&W), and pressure corrected) and qualitative laboratory results of the Feedstock and Products Inventory (excluding In-Transit Inventory, Refinery OSBL Line
Fill, and Retained Feedstock and Products). 
 During a fifteen (15) day review period following receipt by both Parties of
the physical inventory report, either Party may question the calculations and/or laboratory results set forth therein and the members of the Inventory Committee shall resolve any outstanding quantity and quality disputes. At the end of such review
period and following resolution of all quantity and quality disputes, the quantity and quality entries set forth in the adjusted physical inventory report, for each of the Feedstock and Products Inventory, will become the official quantity and
quality measurements of the Feedstock and Products Inventory as of the Inventory Transfer Time and the physical inventory report, as may be revised pursuant to the foregoing, will become the “Final Inventory Report”. 

3.1.5 Feedstock and Products Sales Statement. On or before ninety (90) days after the Closing Date, Seller shall calculate
the Final Feedstock and Products Inventory Sales Amount by using (i) the quantity and quality measurements set forth in the Final Inventory Report prepared in accordance with Section 3.1.4 and Exhibit A, and
(ii) with respect to any Crude Oil In-Transit Inventory, bills of lading, shore meters or other appropriate statements evidencing the volume thereof. The various quantities set forth therein shall be multiplied by the relevant price formulas
set forth in Part II of Exhibit A, and Seller shall deliver to Buyer a statement (the “Feedstock and Products Sales Statement”) setting forth the Final Feedstock and Products Inventory Sales Amount, together
with supporting calculations and documentation used to determine the Final Feedstock and Products Inventory Sales Amount. Unless Buyer gives 

  
 - 7 -

 notice to Seller on or before thirty (30) calendar days after Buyer’s receipt of the Feedstock and
Products Inventory Sales Statement that Buyer disputes the Final Feedstock and Products Inventory Sales Amount specified in the Feedstock and Products Sales Statement, the Final Feedstock and Products Inventory Sales Amount shall be as specified in
the Feedstock and Products Sales Price Statement. If Buyer gives timely notice to Seller that it disputes the Final Feedstock and Products Inventory Sales Price (or the final quantity or price of In-Transit Inventory) specified in the Feedstock and
Products Sales Price Statement, Seller and Buyer shall consult in good faith and use all reasonable efforts to agree upon the calculation of the Final Feedstock and Products Inventory Sales Price. If Seller and Buyer have not agreed on the Final
Feedstock and Products Inventory Sales Price within fifteen (15) calendar days after Seller’s receipt of Buyer’s dispute notice, either Seller or Buyer shall have the right to submit such matters as remain in dispute to Grant Thornton
or Baker O’Brien (depending on the issues in dispute) as Seller and Buyer shall mutually agree, for final resolution, which resolution shall be binding upon Seller and Buyer, and judgment upon which may be entered in any court having
jurisdiction over the Party against which such determination is sought to be enforced. Such firm’s determination shall be in the form of a written opinion as is appropriate under the circumstances and shall confirm that it was rendered in
accordance with this Section 3.1.5 and Exhibit A. The fees and expenses of such firm for its services in resolving such dispute shall be borne equally by Seller and Buyer. 

3.1.6 Feedstock and Products Sales Amount Adjustment. Upon final determination of the Final Feedstock and
Products Inventory Sales Amount pursuant to Section 3.1.5, a true-up adjustment including interest at the Applicable Rate from the Closing Date will be made in accordance with the provisions of this Section 3.1.6 (the
“Feedstock and Products Sales Amount Adjustment”). If the Final Feedstock and Products Inventory Sales Amount is greater than the Estimated Feedstock and Products Inventory Sales Amount paid by Buyer at Closing, Buyer shall make an
additional payment to Seller in an amount equal to the amount by which the Final Feedstock and Products Inventory Sales Amount, as finally agreed upon pursuant to Section 3.1.5, exceeds the Estimated Feedstock and Products Inventory
Sales Amount, which payment shall be made by wire transfer or delivery of other immediately available funds on or before the fifth (5th) Business Day after the final determination of the Feedstock and Products Sales Amount Adjustment. If the Final
Feedstock and Products Inventory Sales Amount is less than the Estimated Feedstock and Products Inventory Sales Amount paid by Buyer at Closing, Seller shall make a payment to Buyer in an amount equal to the amount by which the Estimated Feedstock
and Products Inventory Sales Amount exceeds the Final Feedstock and Products Inventory Sales Amount, as finally agreed upon pursuant to Section 3.1.5, which payment shall be made by wire transfer or delivery of other immediately
available funds on or before the fifth (5th) Business
Day after the final determination of the Feedstock and Products Sales Amount Adjustment. 
 3.1.7 Access to Records and
Audit. From the Closing Date through sixty (60) days after the Buyer’s receipt of the Final Feedstock and Products Inventory Sales Price Statement, the Parties shall afford each other access, at all reasonable times, to the relevant
personnel, properties and books and records, and working papers for the purpose of auditing and verifying the accuracy of the physical inventory and feedstock and product inventory sales prices. 

  
 - 8 -

 SECTION 4: CRUDE OIL IN-TRANSIT 

4.1 Crude Oil In-Transit Inventory. The Parties expressly agree the deliveries of Crude Oil In-Transit Inventory shall be included
as part of the Feedstock and Products Inventory. The Crude Oil In-Transit Inventory shall be deemed to include (i) crude oil cargo of any ship (whether or not loaded prior to the Closing Date) that has been identified and agreed by
representatives of Seller and Buyer prior to the Closing Date for delivery to the Refinery and the Refinery Tankage following the Closing Date which Seller or any Affiliate of Seller has paid for on or before the Closing Date, (ii) the Hess VGO
and (iii) subject to the requirements of the Agreement, the crude oil cargo of any ship to be processed at the Refinery (A) that Seller or any of its Affiliates purchases (or enters into a contract to purchase) and pays the seller of such
crude oil on or prior to the Closing Date for processing at the Refinery in the ordinary course of business of the Company, and (B) in respect of which prior to the Closing Date, Seller has provided the Buyer with written notice. For purposes
of clarification, it is agreed that the entire cargo of any ship that has started but not completed delivery of crude oil as of the Inventory Transfer Time shall be considered Crude Oil In-Tankage, provided that Seller or any Affiliate of Seller has
paid the seller of such crude oil prior to the Inventory Transfer Time. Each cargo of Crude Oil In-Transit Inventory purchased and paid for by Seller or any of its Affiliates on a delivered basis shall be considered as part of the Feedstock and
Products Inventory only to the extent of actual outturn volume, which results from the completed delivery of such Crude Oil In-Transit Inventory to the Refinery and the Refinery Tankage, respectively. The actual outturn volume for Crude Oil
In-Transit Inventory purchased on a delivered basis will be based on tank gauges at the appropriate facilities and the protocols and procedures applicable to the quantification and valuation of such Crude Oil In-Transit Inventory upon the conclusion
of the delivery of such In-Transit Inventory to the Refinery and the Refinery Tankage in the same manner in which is applicable to Crude Oil In-Tankage as of the Inventory Transfer Time. Each cargo of Crude Oil In-Transit Inventory purchased on a
FOB basis shall be considered as part of the Feedstock and Products Inventory only to the extent of volume reflected in the bill of lading for such Crude Oil In-Transit Inventory. 

4.2 Unpaid Crude Oil In-Transit. The Parties expressly agree the deliveries of Unpaid Crude Oil In-Transit shall not be included
as part of the Feedstock and Products Inventory as of the Inventory Transfer Time but will be sold and transferred to Buyer (or its designated assignee) on the terms and conditions set forth in this Section 4.2. The Unpaid Crude Oil In-Transit
shall be limited to (i) crude oil and feedstock cargo of any ship (whether or not loaded prior to the Closing Date) that has been scheduled on Exhibit F attached hereto and will be delivered to the Refinery and the Refinery Tankage following
the Closing Date, and (ii) subject to the requirements of the Agreement, the crude oil and feedstock cargo of any ship to be processed at the Refinery (A) that Seller or any of its Affiliates purchases (or enters into a contract to
purchase) prior to the Closing Date for processing at the Refinery in the ordinary course of business of the Company, and (B) is more fully described on Exhibit F. Seller hereby agrees to sell and deliver to Buyer, and Buyer hereby agrees to
purchase and receive from Seller all such Unpaid Crude Oil In-Transit on the following terms and conditions: 
  

	 	(a)	 All Unpaid Crude Oil In-Transit shall be purchased by Buyer (or its designated assignee as such Unpaid Crude Oil In-Transit is discharged at the
Refinery. Title to and risk of loss of the Unpaid Crude Oil In-Transit 

  
 - 9 -

	 	sold hereunder shall pass from Seller to Buyer (or its designated assignee) as such Unpaid Crude Oil In-Transit passes the last permanent flange connection between the
cargo intake manifold of the delivering vessel and the delivering hose at the docks at the Refinery. The actual outturn volume for Unpaid Crude Oil In-Transit purchased will be based on tank gauges at the appropriate facilities and the protocols and
procedures applicable to the quantification and valuation of such Unpaid Crude Oil In-Transit upon discharge of such Unpaid Crude Oil In-Transit at the Refinery and the Refinery Tankage in the same manner in which is applicable to Crude Oil
In-Tankage. 

  

	 	(b)	The price for the Unpaid Crude Oil In-Transit will be based on the same valuation formulae (for each type of in-transit crude oil which makes up the Unpaid Crude Oil
In-Transit) set forth in Exhibit A; provided however, (i) that if the actual freight protection costs are not available at the time of delivery, Seller shall invoice Buyer based on the estimated freight protection costs, with an
adjustment being made between Seller and Buyer when the actual freight protection costs are known; and (ii) the payment terms for such Unpaid Crude Oil In-Transit will be the earlier of 10 days after completion of discharge or 15 days after
Notice of Readiness (10/15 COD/NOR). All payments shall be made without offset, discount, deduction or counterclaim by wire transfer of immediately available funds to Seller at such account as Seller may designate in writing. Any amount payable by
Buyer hereunder shall, if not paid when due, bear interest from the payment due date until, but excluding the date payment is received by Seller, at the Applicable Rate. Buyer may direct a third party to make payment to Seller on Buyer’s
behalf, but Buyer shall remain responsible for making such payments to Seller. On delivery of Unpaid Crude Oil In-Transit to Buyer (or its designated assignee), Seller shall SELL, ASSIGN. TRANSFER and DELIVER unto Buyer (or its designated assignee),
its successors and assigns forever, all of Seller’s right, title and interest in and to all of such Unpaid Crude Oil In-Transit TO HAVE AND TO HOLD, all of Seller’s right, title and interest in and to such Unpaid Crude Oil In- Transit,
together with all and singular the rights and appurtances thereto in anywise belonging, unto Buyer (or its designated assignee) and Buyer’s (or its designated assignee’s) successors and assigns forever. Seller shall deliver to Buyer (or
its designated assignee) such bills of lading or any other documentation reasonably requested by Buyer (or its designated assignee) to evidence the foregoing. 

 

	 	(c)	 Seller represents and warrants to Buyer (or its designated assignee) that as of the date of delivery of the Unpaid Crude Oil In-Transit hereunder,
Seller shall have good title to the Unpaid Crude Oil In-Transit sold and delivered, free and clear of any liens or encumbrances, other than taxes that are due by Buyer (or its designated assignee). After delivery, Seller, for itself, its successors
and assigns, covenants and agrees to warrant and 

  
 - 10 -

	 	forever defend good title to such Unpaid Crude Oil In-Transit, free and clear of all liens (other than taxes that are due by Buyer), against the claims of all parties
claiming the same by, through or under Seller, but not otherwise. EXCEPT FOR THE FOREGOING WARRANTY OF TITLE, THIS CONVEYANCE IS MADE AND ACCEPTED WITHOUT ANY WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, REGARDING
THE UNPAID CRUDE OIL IN-TRANSIT INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO THE CONDITION OR MERCHANTABILITY OF SUCH COMMODITY OR FITNESS OF ANY SUCH COMMODITY FOR A PARTICULAR PURPOSE, ALL OF WHICH ARE HEREBY DISCLAIMED. BUYER SHALL ACCEPT
ALL OF THE UNPAID CRUDE OIL IN-TRANSIT IN ITS “AS IS, WHERE IS” CONDITION AND “WITH ALL FAULTS. 

  

	 	(d)	All other terms and conditions for the sale and delivery of the Unpaid Crude Oil In-Transit, to the extent not inconsistent with the terms of this Agreement, shall be
governed by ChevronTexaco Global Trading General Provisions DES (Named Port of Destination) Sales, dated January 1, 2002 which are made a part of, and incorporated into this Section 4.2 of the Agreement. Marine movements of the Unpaid
Crude Oil In-Transit into the docks at the Refinery shall be in accordance with the Valero Marketing and Supply Company Marine Provisions Effective July 15, 2009. 

SECTION 5: BUTANE SUPPLY 
 5.1 Bath Butane. The Parties acknowledge that Seller has entered into a buy sell arrangement with Plains Marketing Canada, LP (“Plains”) whereby Seller has sold to Plains under
Sales Contract number 40249582 (the “Plains Sales Contract”) [REDACTED] barrels of Mixed Butane (approximately [REDACTED] barrels per month during the period April 1, 2010 through August 31, 2010) for storage at
Plain’s Bath NY Storage Facility (the “Bath Storage Facility”), and Seller is obligated to purchase from Plains under Purchasing Contract number 4200079667 (the “Plains Purchase Contract”) [REDACTED] barrels of
Mixed Butane (approximately [REDACTED] barrels per month during the period beginning October 1, 2010 through February 28, 2010 for use by the Refinery) from storage at the Bath Storage Facility. The Plains Sales Contract and the Plains
Purchase Contract will not be assigned to Buyer at Closing; however, Buyer hereby agrees to purchase from Seller and Seller hereby agrees to sell to Buyer the remaining volumes of Mixed Butane (the “Bath Butane”) to be sold under
the Plains Purchase Contract pursuant to the terms and conditions set forth on Exhibit D attached hereto. 
 5.2
Refinery Butane. From and after the Closing Date, Seller shall store at the Refinery and sell to Buyer the Refinery Butane under the terms and conditions set forth in Exhibit E attached hereto. 

  
 - 11 -

 SECTION 6: MISCELLANEOUS 

6.1 Assignment. The provisions of this entire Agreement shall be binding upon the respective successors and
permitted assigns of each of the Parties hereto. Neither Party may assign this Agreement to a third party without the prior written consent of the other Party, which consent may not be unreasonably withheld, delayed, or conditioned;
provided, however, that without the consent of the other Party, (a) either Party may assign its rights and obligations under this Agreement to its parent entity, subsidiary, or Affiliates, and (b) Buyer may assign its
rights and obligations under this Agreement, in whole or in part, to Morgan Stanley Capital Group, Inc. (“MSCG”) and Statoil Marketing and Trading (US) Inc. (“SMT”), provided that MSCG and SMT assume such assigned
obligations under this Agreement and Buyer shall remain liable for the performance of all of the terms, conditions and covenants of this Agreement. Buyer’s right, title and interest in the Feedstock and Products Inventory and the Unpaid Crude
Oil In-Transit shall be assigned to SMT and MSCG as shall be specified by Buyer in writing to Seller. 
 6.2
Notices. All notices and other communications that are required to be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by
registered or certified mail (postage prepaid, return receipt requested) to the relevant Party hereto at the following addresses or sent by facsimile to the following numbers: 
 If to Seller: 
 Valero Marketing and Supply Company 

One Valero Way 

Mail Station B2E-183 
 San Antonio, Texas 78249-1616 

			
	Attention:	  	Executive Vice President – Corporate Development
	Telephone:	  	(210) 345-2410
	Facsimile:	  	(210)345-2270

 If to Buyer: 
 PBF Holding Company LLC 
 1 Sylvan Way, 2nd floor 

Parsippany, NJ 07054-3887 

			
	Attention:	  	Senior Vice President – General Counsel
	Telephone:	  	(973) 455-7500
	Facsimile:	  	(973) 455-7560

 or to such other address or facsimile number as Seller or Buyer may, from time to time, designate in a written notice
given in accordance with this Section 5.2. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon
actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next business day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the
earlier of ten (10) days after deposit in the mail and the date of delivery as shown by the return receipt therefore. 

  
 - 12 -

 6.3 Choice of Law; Dispute Resolution. This Agreement shall be construed,
interpreted and the rights of the parties determined in accordance with the laws of the State of New York, exclusive of its conflict of laws principles. All controversies or disputes arising out of and related to this Agreement shall be resolved in
accordance with the dispute resolution procedures set forth in Exhibit D of the SPA. 
 6.4 Jurisdiction; Consent
to Service of Process; Waiver. Each of the Parties hereto agrees, subject to Section 5.6, that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or
contract or at law or in equity, exclusively in any federal or state court in the State of New York and solely in connection with such claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any
objection to laying venue in any such action or proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be
effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 5.2 of the Agreement. The foregoing consents to jurisdiction and
service of process shall not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the SPA) other than
the Parties hereto. Each of the Parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 

6.5 Availability of Equitable Relief. Each of the Parties hereto recognizes that irreparable injury will result from a
breach of any provision of this Agreement and that money damages will be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to Section 6.3 shall have the power to grant
temporary or permanent injunctive or other equitable relief. Notwithstanding Section 6.3, prior to the appointment of the arbitrators, a party hereto may, subject to this Section 6.5, seek temporary injunctive relief from any
court of competent jurisdiction; provided that the party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court ordered
relief shall not continue more than 10 days after the appointment of the arbitrators (or in any event for longer than 60 days). 

6.6 Amendment. This Agreement may not be amended except by an instrument in writing executed and delivered by the Parties
hereto. 
 6.7 Severability. In the event any portion of this Agreement shall be found by a court of competent
jurisdiction to be unenforceable, that portion of this Agreement will be null and void and the remainder of this Agreement will be binding on the Parties as if the unenforceable provisions had never been contained herein. 

6.8 Waiver; Limitation of Liability. The delay or failure of any Party to enforce any of its rights under this Agreement
arising from any default or breach by the other Party shall not constitute a waiver of any such default, breach, or any of the Party’s rights relating thereto. No custom or practice which may arise between the Parties in the course of operating
under this Agreement will be construed to waive any Parties’ rights to either ensure the other Party’s strict 

  
 - 13 -

 
performance with the terms and conditions of this Agreement, or to exercise any rights granted to it as a result of any breach or default under this Agreement. Neither Party shall be deemed to
have waived any right conferred by this Agreement or under any applicable law unless such waiver is set forth in a written document signed by the Party to be bound, and delivered to the other Party, No express waiver by either Party of any breach or
default by the other Party shall be construed as a waiver of any future breaches or defaults by such other Party. 
 IN NO EVENT
SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, ARISING UNDER THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

6.9 Time of the Essence. Time is of the essence in this Agreement. If the date specified in this Agreement for giving any
notice or taking any action is not a Business Day (or if the period during which any notice is required to be given or any action taken expires on a date which is not a Business Day), then the date for giving such notice or taking such action (and
the expiration date of such period during which notice is required to be given or action taken) shall be the next day which is a Business Day. 
 6.10 Counterparts. This Agreement may be executed in multiple counterparts and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement. Signed counterparts of this Agreement may be delivered by facsimile and by scanned PDF image; provided that each Party hereto uses commercially reasonable efforts
to deliver to each other Party hereto original signed counterparts as soon as possible thereafter. 
 6.11 Further
Assurances. Both Seller and Buyer agree to execute and deliver, from time to time, such other and additional instruments, notices, transfer orders and other documents, and to do all such other and further acts and things as may be necessary
to more fully and effectively transfer and assign the Feedstock and Products Inventory to Buyer. 
 6.12 Third Party
Consents. The assignment and conveyance set forth in this Agreement shall not constitute an assignment or transfer of any of the Feedstock and Products Inventory if an attempted assignment thereof without the prior consent of a third party
would result in a termination thereof, unless and until such consent shall have been obtained, at which time such asset(s) shall be and is hereby deemed to be transferred and assigned to Buyer in accordance herewith. 

6.13 Entire Agreement. This Agreement, together with the Exhibits attached hereto and any portion of the SPA containing a
defined term incorporated herein by reference, all of which are hereby incorporated by reference, contains the entire agreement between the Parties and supersedes any prior agreement pertaining to the subject matter of this Agreement. 

6.14 Conflict of Terms. If the terms of this Agreement conflict with terms of the SPA with respect to any matter, then the
terms of the SPA will control. 

  
 - 14 -

 The Parties hereto have executed this Agreement on the date first above written, to be
effective as of the Closing Date. 
  

			
	VALERO MARKETING AND SUPPLY COMPANY
		
	 By:
	 	  

		 	S. Eugene Edwards, Executive Vice President
	
	PBF HOLDING COMPANY LLC
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [Signature Page to Feedstock and Product Inventory Sales Agreement] 

  
 Signature Page

 EXHIBIT A 
 FEEDSTOCK AND PRODUCTS 
 MEASUREMENT PROCEDURES AND PRICING

 The Feedstock and Product Inventory Sales Agreement (the “Agreement”) to which this Exhibit A
(“Exhibit A”) relates and forms a part, provides that the Feedstock and Products Inventory will be measured and valued in accordance with this Exhibit A. 

Part I of this Exhibit A sets forth the procedures for conducting the physical inventory of the Feedstock and
Products Inventory (other than the In-Transit Inventory, which shall be estimated or otherwise calculated in accordance with the specific applicable provisions hereof but not subject to a physical inventory as of the Closing, and the Refinery OSBL
Line Fill which shall be based on the volumes set forth in Exhibit C) and located at and within the Refinery, the Refinery Tankage and the Third-Party Tankage or Storage as of the Inventory Transfer Time. 

Part II of this Exhibit A sets forth the valuation formulae and procedures for valuing the Feedstock and Products
Inventory (including the In-Transit Inventory, but excluding any Unit Fill) in order to determine the Estimated Feedstock and Products Sales Amount, Feedstock and Products Sales Statement, and the Final Feedstock and Products Inventory Sales Amount.

 All capitalized terms used in this Exhibit A that are not otherwise defined herein shall have the meanings
ascribed to such terms in the Agreement. 
 Part I. Physical Inventory Procedures 

 

	(A.)	INDEPENDENT INSPECTION: 

 All gauging, temperature measurment, sampling, testing and net volume calculations will be done by the Petroleum Inspection Company with the participation of Buyer’s and Seller’s Inventory
Committee representatives using a mutually agreed upon gauging and sampling schedule by tank (the “Inventory Schedule”). The Inventory Schedule will be mutually developed between the Buyer, Seller and Petroleum Inspection Company. All
three parties shall have the right to participate in the physical inventory measurement by observing the gauging, temperature readings, sampling, etc. In addition, Buyer and Seller shall each have the right to have its own independent accountants,
consultants, or agents present during the physical inventory, at such respective Parties’ sole cost and expense. Inspection/Testing costs for the Petroleum Inspection Company, including, travel, laboratory, and incidental costs (such as
bottles, bombs, seals, etc.), shall be shared on a 50/50 basis (i.e., 50% by the Seller and 50% by the Buyer) by the Parties. Any additional requests (outside of the inventory process) to the Petroleum Inspection Company will be billed to the
requesting party at 100%. 
  

	(B.)	QUANTIFICATION PROCEDURES: 

 In determining the quantities of the various Products to be inventoried, all volumes shall be determined on the basis of the Inventory Transfer Time and as of the completion of delivery to the Refinery,
the Refinery Tankage, and the Third-Party Tankage or Storage (with respect to any cargo or tender of In-Transit Inventory). Non-usable and non-merchantable quantities are 

  
 Exhibit A,
Page 1 

 materials such as water, sludge and other foreign contaminants commonly referred to as basic sediment and
water (“BS&W”) and shall be excluded for purposes of determining the quantities. BS&W will be determined by using Karl Fisher methodology or Water by Distillation summed with Sediment by Extraction or Membrane Filtration.

  

	(C.)	INVENTORY MEASUREMENT PROTOCOL: 

 All gauging, sampling, and analysis related to the determination of quality and quantity of the Feedstock and Products Inventory shall be done in accordance with the latest API Manual of Petroleum
Measurement Standards as published by the American Petroleum Institute (the “API Manual”), ASTM test methods, or by currently accepted industry standards or procedures. The specific standards to be used shall be determined by the
Inventory Committee prior to the Closing. Tanks with floating roofs shall contain sufficient Product to fully “float” the roof when it is being gauged. Tanks equipped with steam coils or other means of heating product will have the heat
shut off at least one (1) hour prior to gauging. Tank mixers will be shut off at least two (2) hours prior to gauging. 
  

	(D.)	CERTIFICATION OF EQUIPMENT: 

 The Petroleum Inspection Company will standardize, calibrate and certify all gauging tapes and temperature devices used in the transfer of all Feedstock and Products Inventory. The Petroleum Inspection
Company will provide quality assurance documentation for its laboratory used for the physical inventory process. The Petroleum Inspection Company shall make all calibration and certification records available to any Party for review. All Parties may
witness the verification of the portable electronic thermometers prior to their use. All laboratory equipment used for testing of the inventory samples will also be calibrated/standardized in accordance with industry and manufacturers procedures.

 Prior to the Closing Date, the Inspector will inspect the Refinery’s laboratory testing equipment and procedures for the
quality tests scheduled to be done by that laboratory, to verify that they are adequate to comply with the ASTM Standards. Both parties may witness the verification. If the Inspector determines the equipment and procedures to be acceptable to
perform the required testing, without objection from either Buyer or Seller, the test results from the laboratory may be accepted without further observation of the testing. If the Refinery’s laboratory capacity is not sufficient or if the
equipment and procedures are determined to be inadequate to comply with the ASTM Standards, an independent laboratory’s costs shall be shared equally (50:50 basis) by the Buyer and Seller. 

 

	(E.)	ACCEPTANCE AND REVIEW; INVENTORY COMMITTEE: 

 The Parties shall be deemed to have accepted the accuracy of the gauging and temperature measurements of a tank as recorded by the Petroleum Inspection Company on the gauge ticket (to be mutually
developed) (the “Gauge Ticket”) if the Parties’ respective Inventory Committee representatives “sign-off” on the Gauge Ticket. Additional sampling will be taken by the Petroleum Inspection Company upon the request of
either Party at the sole expense of the requesting Party. All inventory measurements (such as gauges, temperature determinations, and water cuts) shall be resolved to the best of their abilities by Buyer, Seller and Inspector at the time
measurements are taken. Any disputes will be resolved by noon the following working day. 

  
 Exhibit A,
Page 2 

	(F.)	QUALITATIVE PROCEDURES: 

 The determination of the quality of some Products must be performed utilizing special laboratory equipment. Samples of such Products shall be jointly taken as described in subsequent sections, and such
tests shall be conducted in a mutually acceptable laboratory. The results of the tests so run shall be binding on both Parties. 

All testing conducted in the Refinery laboratory is to be witnessed by a chemist employed by the Petroleum Inspection Company. Both Buyer
and Seller may have representatives witness all testing. 
 All issues related to measurement procedures such as sampling,
temperature readings, and gauging shall be resolved to the best of their abilities by the Parties’ representatives at the time the measurement is taken. Any remaining disputes shall be resolved by noon the following working day (or in the case
of quality disputes, promptly following receipt of test results) by a majority vote of the members of the Inventory Committee. 
  

	(G.)	PRE-CLOSING INVENTORY PROCEDURES: 

 Prior to the Inventory Transfer Time, Seller’s personnel shall determine which of the Refinery Tankage shall be active and inactive, and which tanks will contain inventory and which will be empty, as
of the Inventory Transfer Time. The Inventory Schedule will take into account the determination of active and inactive tankage and will provide for performing the physical inventory of both active and inactive tankage prior to the Inventory Transfer
Time. The Inventory Schedule will be subject to the approval of the Inventory Committee, and shall indicate the following for each tank to be inventoried: 
  

	 	•	 	 Storage tank location, tank number, tank type, size, capacity (shell and working); 

 

	 	•	 	 Status at closing (active or inactive); 

  

	 	•	 	 Product stored including classification as sweet, sour, type of crude, etc.; 

 

	 	•	 	 Tank reference gauge height; 

  

	 	•	 	 Method of Tank gauging (ullage or innage) based on the Tank calibration table; and 

 

	 	•	 	 Tank Heels (volume). 

Prior to closing, the Inspector will perform a pre-closing survey of the crude oil and heavy fuel (“Black Oil”) tanks at the Facility to
measure the actual gauge height, to compare the actual manual gauge to the automatic gauge, and to determine the amounts of solids and sludge accumulated on the bottoms of the tanks. The results of the survey will be made available to all parties
prior to Closing. Upon joint agreement by both Parties, this pre-closing survey may be waived for specific products, tanks or Facilities. 

  
 Exhibit A,
Page 3 

	(H.)	PHYSICAL INVENTORY PROCEDURES: 

  

	 	(i)	General: 

Tanks with floating roofs shall not be in the critical zone of the floating roof when it is being gauged. Tanks equipped
with steam coils or other means of heating product will have the heat shut off at least one (1) hour prior to gauging. Tank mixers shall be shut off at least two (2) hours prior to gauging. Temperature measurements will be obtained at the
time of gauging, except as otherwise provided herein. 
 To the extent applicable, the Parties will cooperate in
order to develop mutually acceptable procedures to address measurement of Product that is in the midst of delivery to the Refinery or the Refinery Tankage as of the Inventory Transfer Time. 

 

	 	(ii)	Nonmoving Tanks (Inactive Tanks): 

 All Refinery Tankage that is standing with no movement in or out as of the Inventory Transfer Time will be gauged and sampled prior to the Inventory Transfer Time in accordance with the Inventory
Schedule. All valves in and out of the tank will be closed and sealed at the time of gauging. The Petroleum Inspection Company will seal the tank valves and will be responsible for recording seal numbers and checking of seals. The Petroleum
Inspection Company will provide a measurement and seal report identifying all valves and seals by tank and manifold valve. If it is necessary to break seals to transfer Product into or out of a sealed gauged tank, prior notification and confirmation
must be obtained from the Inventory Committee in order to keep accurate records of the proceedings. 
 Once
physical inventory operations have started, no tank switching, changes or movements shall be made without written notification to Buyer, Seller, and the Petroleum Inspection Company’s representatives. If tankage seals are broken, tankage must
be resealed when movement stops. Said tankage must then be regauged, resampled and temperature determined anew. Otherwise, it will be gauged as an active tank. 
 Inactive tanks that are required for thermal relief of connecting pipelines will be gauged using the inactive tanks’ automatic gauge readings. Each automatic gauge will be calibrated as close to the
Inventory Transfer Time as possible. The automatic gauge reading will be monitored every 10 minutes for 90 minutes before and after the Inventory Transfer Time to confirm that there was no movement into or out of said inactive tank. In cases where
the automatic gauge readings indicate tank movement, the tank will be gauged as an active tank. 
  

	 	(iii)	Moving Tanks (Active Tanks): 

 Active Refinery Tankage that must have movements in or out during the physical inventory quantification process as of the Inventory Transfer Time will be manually gauged during a period in which the
active tanks are temporarily inactive, as close to the Inventory Transfer Time as possible. The physical inventory of the active Refinery Tankage will be obtained using the applicable procedures prescribed herein and must coincide with the
“closing” of rack meters where appropriate. 

  
 Exhibit A,
Page 4 

 Refinery Tankage that will remain active during the inventory period will be
measured as close to the Inventory Transfer Time as possible. The gross inventory measurement will be compared against the tanks’ automatic gauges. The volume difference between the two measurements, in gross inches or fractions thereof, will
be recorded on the tanks’ physical inventory worksheet. The Petroleum Inspection Company report will identify each tank by number, location and description. 
  

	 	(iv)	Loaded Tank Trucks and Rail Cars: 

 All outbound loaded trucks and rail cars which have been ticketed for sale at the Inventory Transfer Time, other than such trucks and rail cars constituting Finished Product In-Transit, will be considered
as a Seller account receivable unless previously paid and will not be part of the Feedstock and Products Inventory. Except for the Retained Feedstock and Products, all loaded trucks and railcars which have not been ticketed for sale will be part of
the Feedstock and Products Inventory. 
  

	 	(v)	Sulfur: 

Sulfur, if any will be sold pursuant to this Agreement, will be measured in accordance production records maintained by
the Seller, or through other means agreeable by the Inventory Committee and Petroleum Inspection Company. 
  

	 	(vi)	Finished Product In-Transit: 

 Finished Product In-Transit will be measured in accordance with inventory records maintained by Seller, as confirmed by the Inventory Committee. 

 

	 	(vii)	Unit Fill: 

Unit Fill will not be measured 
  

	 	(viii)	Sampling, Testing, and Retention of the Inventory Samples: 

 1. Intermediates and Heavy Oil Products: A minimum of two sample sets consisting of one quart zone samples from the upper, middle, and lower liquid zones (as those terms are defined or used in the
API Manual) will be obtained per tank per API Manual or ASTM D4057 (Standard Practice for Sampling of Petroleum and Petroleum Products). In the chosen laboratory, a one quart volumetric blend will be prepared for the inventory quality analyses. The
number of sample sets and volume of laboratory blend shall be adjusted based on the defined inventory quality analyses. 
 2.
Light Oil Products: A minimum of two sample sets consisting of one quart average sample will be obtained per tank per the API Manual or ASTM D4057 (Standard Practice for Sampling of Petroleum and Petroleum Products). At the Inventory
Committee’s discretion and approval the amount/volume of sample obtained will be increased dependent on required laboratory analyses. 

  
 Exhibit A,
Page 5 

 3. Liquefied Petroleum Gas (LPG) Samples: All inventory LPGs will have two sample
sets consisting of a liquid phase sample and a vapor phase sample obtained per the API Manual, ASTM D1265 (Practice for Sampling Liquefied Petroleum (LP) Gases (Manual Method) or ASTM D3700 (Standard Practice for Obtaining LPG Samples Using a
Floating Piston Cylinder). One set of the sealed samples will be retained a minimum of two (2) weeks by the Petroleum Inspection Company. 
 4. Petroleum Coke and Sulfur: Petroleum coke and sulfur, if any, will be sampled in accordance with ASTM D346 (Collection and Preparation of Coke Samples for Laboratory Analysis), ASTM D2234
(Collection of Gross Sample of Coal) or other mutually agreed procedure. 
 5. Lubes: A minimum of two sample sets
consisting of one quart average sample will be obtained per tank per the API Manual or ASTM D4057 (Standard Practice for Sampling of Petroleum and Petroleum Products). At the Inventory Committee’s discretion and approval the amount/volume of
sample obtained will be increased dependent on required laboratory analyses. 
 6. Asphalt: Asphalt will be sampled in
accordance with ASTM D 140 (Standard Practice of Sampling Bituminous Materials). 
 7. Additive Tanks: If Product additive
tanks contain diluents blended with the additives, then prior to the Closing Date the Facilities’ personnel will provide the Parties the blending/dilution ratios for additives in the tanks. 

8. Retention: Of the sample sets obtained during the physical inventory process, one half (1/2) of each set will be sealed and
retained by the Petroleum Inspection Company. The unused portion(s) of the analyzed sample sets will also be sealed and retained. These sealed samples will be maintained by the Petroleum Inspection Company for a minimum period of ninety
(90) days or a mutually agreed retention time. LPG samples will be retained as specified in 3. above. At the time of disposal, the Petroleum Inspection Company will properly dispose of samples and appropriate “cradle to grave”
documentation forwarded to Seller and Buyer. All retained samples shall be made available to either Buyer or Seller after a three day notice is given and approved by the other party. 

 

	 	(ix)	Measurement: 

 All measurements taken during the physical inventory process will be performed by the Petroleum Inspection Company. The following will be measured, recorded/obtained and documented by the Petroleum
Inspection Company on the individual Gauge Ticket: (1) tank location, identification, and type, (2) date and time of measurements, (3) product type within tank, (4) manual gauge recorded in appropriate units and fractional units,
(5) measurement method, that is, innage or ullage, (6) 

  
 Exhibit A,
Page 6 

 temperature readings, (7) free water measurement recorded in appropriate units,
(8) Tank Heels, (9) the tanks automatic reading, and (10) tank pressure as applicable to pressurized tanks or vessels. 
 Duplicate calculations will be made in determining the net inventory contained in each tank at 60 degrees F or the appropriate temperature base for each Product in inventory and in each tank. Seller will
make a set of calculations based on “normal” inventory calculation methods at the respective Facilities. The second set of measurements will be made independently by the Inspector. The Inspector’s final calculation after review by
Buyer and Seller will determine the net inventory. 
  

	(I.)	METER READINGS – LOADING RACKS AND PIPELINES: 

  

	 	(i)	Inactive Systems: 

 Meter readings shall be obtained on all inactive metered systems (tank truck rack, rail car rack and pipeline) in advance of the Inventory Transfer Time. The Petroleum Inspection Company will secure these
systems by sealing the same and inserting meter tickets in these meters to ensure that no Product is moved through these systems during the physical inventory process and the Petroleum Inspection Company report will clearly identify the date and
time. 
 The last tickets used to record Product sales, incoming receipts, Product shipments, and other Product
movements will be legibly photocopied and retained by Buyer, Seller, and the Petroleum Inspection Company. 
  

	 	(ii)	Active Systems: 

 Meter readings shall be obtained on all active metered systems coincident with the physical inventory measurements obtained on the storage tank(s) by supplying said metered systems. New meter tickets
shall be inserted at this time. Where practical and non-interfering with normal refinery operations, active tanks shall be shut down immediately prior to and during the physical inventory. 

The last tickets used to record Product sales or other Product transactions through the meters will be photocopied and
retained by Buyer, Seller, and the Petroleum Inspection Company. 
  

	(J.)	POST-INVENTORY PROCEDURES: 

 (i) Both of the Parties’ representatives shall sign the Gauge Ticket or gauge worksheet for each tank inventoried, which shall include the calculation of gross observed volume and Net Standard
Volume. The Buyer’s and Seller’s signature on the Gauge Ticket or gauge worksheet shall indicate agreement with all physical measurements recorded on the ticket or sheet. 

  
 Exhibit A,
Page 7 

 (ii) Similarly, the Parties’ representatives shall identify and acknowledge all closing
meter readings, as well as the last rack sale, Product shipment, and Product receipt prior to the physical inventory. 
 (iii) An
inspection shall be made to assure that all systems previously closed and sealed remained inactive during the physical inventory and that no Product movements occurred through these systems. At this time all seals will be removed by the Petroleum
Inspection Company. 
  

	(K.)	CALCULATION OF FINAL INVENTORY QUANTITY: 

 The Petroleum Inspection Company will tabulate the data from the signed individual tank Gauge Tickets and using current tank calibration tables will determine the total observed volume for each tank
(“Total Observed Volume”). Correcting for Free Water, applying roof corrections, applying tank shell corrections, and using the most current CTL and CPL correction factors, the Total Observed Volumes will be corrected to Gross
Standard Volumes and then to Net Standard Volumes. Volumes within LPG inventory tanks will be corrected for vapor. The Petroleum Inspection Company will produce a final report reporting its conclusions of its calculation of the Inventory Quantity
and Quality. The final report is due by the Petroleum Inspection Company to the parties no later than ten (10) business days after Closing. After review and signature of all parties, the Petroleum Inspection Company’s final calculation
will be the Final Inventory Quantity. Volumes within Residual Tanks will be corrected to Net Standard Volume only for the BS&W exceeding 1.0% by volume. For purposes of this Exhibit D, the term (i) “Gross Standard Volume”
means the volume at 60 degrees Fahrenheit and one atmosphere of pressure (14.696 PSIA), including suspended sediment and water, as calculated by the most recent standards under the API Manual, (ii) “Net Standard Volume” means
the volume at 60 degrees Fahrenheit and one atmosphere of pressure (14.696 PSIA) after deducting BS&W from the Gross Standard Volume, (iii) “CTL” means the Correction for the effect of Temperature on Liquid, and
(iv) “CPL” means the Correction for the effect of Pressure on Liquid. 

  
 Exhibit A,
Page 8 

 FEEDSTOCK AND PRODUCTS SALES PRICE 

MEASUREMENT PROCEDURES AND PRICING 
 Part II.        Inventory Valuation     
 [REDACTED] 
  

  
 Part II to
Exhibit A, Page 1 

 EXHIBIT B 
 LIST OF THIRD-PARTY TANKAGE OR STORAGE 
  

	1.	Hess VGO Terminal – Baltimore, MD 

  

	2.	NuStar Terminal 

  

	3.	Plains Terminal 

  

	4.	Gordon Terminal Service Co. of NJ, Inc, – Bayonne, NJ 

  

	5.	Port Contractors – Outside Bins – Port of Wilmington 

 The following location is used for lubes transloading 
 Transflo Terminal Services
Inc. – Baltimore MD (CSX transloading) 

  
 Exhibit B

 EXHIBIT C 
 REFINERY OSBL LINE FILL 
 [REDACTED] 

 EXHIBIT D 
 BUTANE SUPPLY TERMS 
  

			
	 Seller:
	    	Valero Marketing and Supply Company
		
	 Purchaser:
	    	Company
		
	 Product:
	    	Mixed Butane
		
	 Quantity:
	    	 [REDACTED]

		
	 Delivery:
	    	[REDACTED]
		
	 Term:
	    	[REDACTED]
		
	 Price:
	    	[REDACTED]

  
 Exhibit D

 EXHIBIT E 
 REFINERY BUTANE STORAGE AND SALE TERMS 
 From and after the Closing Date,
until the earlier of (ii) 60 days following the Closing Date, or (ii) such time as all volumes of Refinery Butane have been consumed or exhausted (the “Refinery Butane Term”), Buyer shall (a) allow Seller the right to
store the Refinery Butane at the Refinery, and (ii) purchase from Seller the Refinery Butane on the following terms and conditions: 
 1.
Refinery Butane Storage. Buyer hereby agrees to (i) provide, operate and maintain at the Refinery sufficient track siding and other necessary facilities for the receipt, storage and delivery of railcars containing the Refinery Butane;
(ii) receive any railcars of Refinery Butane which are in-transit as of the Closing Date; (iii) store at the Refinery all railcars of Refinery Butane; and (iv) deliver on a ratable basis the Refinery Butane from the railcar storage to
the Refinery. The Refinery shall have daily railcar switching and adequate railcar spots to receive and unload the Refinery Butane. Buyer agrees to provide a safe area for the purpose of storing and unloading all Refinery Butane. The dedicated area
of the Refinery for storage of the railcars containing the Refinery Butane shall be available and accessible twenty-four (24) hours per day, seven (7) days per week. Buyer shall not charge Seller for the receipt, storage or handling of the
Normal Butane since this arrangement is conducted as an accommodation to Buyer. 
 2. Refinery Butane Sale and Purchase. Buyer shall
purchase from Seller all volumes of Refinery Butane on a ratable basis on the terms and conditions set forth herein. If at the end of the Refinery Butane Term, there are remaining volumes of Refinery Butane, Buyer shall purchase all such remaining
volumes on the terms and conditions set forth herein. Buyer further agrees that it will purchase and use all Refinery Butane first before it purchases or uses any other normal butane or isobutene at the Refinery. 

3. Reports. On a daily basis during the Refinery Butane Term, an inventory reflecting (i) the number of rail cars containing Refinery Butane
and volume of Refinery Butane received at the Refinery during the preceding day, (ii) the number of rail cars containing Refinery Butane and volume of Refinery Butane stored at the Refinery on the preceding day, and (iii) the number of
rail cars containing Refinery Butane and volume of Refinery Butane unloaded at the Refinery during the preceding day will be determined and reported by Buyer to Seller using Buyer’s Operator’s standard reporting format (the “Daily
Activity Report”). Each Daily Activity Report shall also include a breakdown between Isobutane and Normal Butane and reflect the applicable bill of lading for each railcar. 
 4. Title and Risk of Loss. Title to the Refinery Butane will remain with Seller until such time as the Refinery Butane passes the receiving flange between the railcar and the unloading assembly at
the Refinery (the “Refinery Butane Delivery Point”), Buyer shall have care, custody, control and risk of damage or loss of the Refinery Butane from the time the railcar is received at the Refinery. 

  
 Exhibit E-1

 5. Delivery. All Refinery Butane sold hereunder shall be delivered to Buyer at the Refinery Butane
Delivery Point. There shall be no split cargos or partial deliveries of Refinery Butane. Buyer shall be obligated to pay for the entire volume of Refinery Butane as reflected on the applicable bill of lading. 

6. Quantity of Refinery Butane. The volume of Refinery Butane shall be determined by the bill of lading for each railcar, which bill of lading
shall be provided to Buyer upon delivery of the Refinery Butane. 
 7. Refinery Butane Price. The Refinery Butane shall be sold to Buyer
at the prices set forth below: 
 (a) Isobutane Price will be the average of the Daily Price on the Delivery Date, inclusive.
Daily Price to be OPIS Isobutane Sarnia posting Mean plus $[REDACTED]. 
 (b) Normal Butane Price will be the average of the
Daily Price on the Delivery Date, inclusive. Daily Price to be OPIS TET Normal Butane Mt Belvieu Mean plus $[REDACTED]. 
 8. Invoicing and
Payment Terms. 
 (a) Seller shall submit a weekly summary invoice, together with a copy of the applicable bill of lading for
each rail car of Refinery Butane delivered to Buyer during each one week billing period within two (2) Business Days after the end of each such billing period, and Buyer agrees to pay Seller within ten (10) days following delivery of the
invoice. Each such weekly invoice will be based upon on weekly cycles (Monday through Sunday) during the month. The first and last cycle will start on the first day of the month and end on the last day of the month. If the first day of the month is
not a Monday, the cycle will start on the first calendar day and end on Sunday. If the last day of the month is not a Sunday, the final cycle will end on the last calendar day. Each invoice shall, with respect to the relevant billing period, include
all bills of lading. Seller shall deliver each invoice to Buyer via facsimile or electronic transmission, unless otherwise agreed by the Parties. The Parties agree to work together in good faith to arrange for each invoice to be sent via electronic
data interchange (“EDI”). 
 (b) All payments shall be made without offset, discount, deduction or counterclaim
by wire transfer of immediately available funds to Seller at such account as Seller may designate in writing, Any amount payable by Buyer hereunder shall, if not paid when due, bear interest from the payment due date until, but excluding the date
payment is received by Seller, at the Applicable Rate. 
 (c) Invoice Address. Until such times that the Parties use EDI,
all invoices shall be transmitted to the following address: 
 VALERO MARKETING AND SUPPLY COMPANY 

One Valero Way 

Mail Station F3R-118B 
 San Antonio, Texas 78249 
 Attention: Bulk Finished Product Accounting –
Carrie Tate 
 Telephone: (210)345-2051 
 Facsimile: (210)444-8512 

  
 Exhibit E-2

 9. Specifications. The Refinery Butane to be sold hereunder shall meet the specification set forth by
the GPA for commercial butane or isobutene as the case may be. 
 10. Warranty. Seller represents and warrants to Buyer that as of the
date of delivery of the Unpaid Crude Oil In-Transit hereunder, Seller shall have good title to the Unpaid Crude Oil In-Transit sold and delivered, free and clear of any liens or encumbrances, other than taxes that are due by Buyer and governmental
and statutory liens securing payments not yet due and payable EXCEPT FOR THE FOREGOING WARRANTY OF TITLE, THIS CONVEYANCE IS MADE AND ACCEPTED WITHOUT ANY WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, REGARDING THE
UNPAID CRUDE OIL IN-TRANSIT INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO THE CONDITION OR MERCHANTABILITY OF SUCH COMMODITY OR FITNESS OF ANY SUCH COMMODITY FOR A PARTICULAR PURPOSE, ALL OF WHICH ARE HEREBY DISCLAIMED. BUYER SHALL ACCEPT ALL OF
THE UNPAID CRUDE OIL IN-TRANSIT IN ITS “AS IS, WHERE IS” CONDITION AND “WITH ALL FAULTS. 
 11. Other Terms. All other
terms and conditions for the sale and delivery of the Refinery Butane, to the extent not inconsistent with the terms of this Agreement, shall be governed by the General Terms and Conditions attached as Exhibit C to the Offtake Agreement which are
made a part of, and incorporated into this Exhibit E. 

  
 Exhibit E-3

 EXHIBIT F 
 UNPAID CRUDE OIL IN-TRANSIT 
  

																	
	 Crude
	    	Volume	 	    	 Purchase

Basis
	    	Window	    	Title Date	    	ETA
Paulsboro	    	Payment
Terms	    	 Est Payment Date

	 1. Urals***
	    	 	735,000	  	    	CFR	    	Dec 10-15	    	Dec 12th	    	Dec 12th	    	10 days	    	December 22nd
	 2. Vasconia
	    	 	500,000	  	    	FOB	    	Dec 17-21	    	Dec 19th	    	Dec 24-27	    	15 days	    	January 4th
	 3. Terra Nova
	    	 	630,000	  	    	FOB	    	Jan 4-5	    	Jan 5th	    	Jan 9-10th	    	15 days	    	January 20th
	 4. Vasconia
	    	 	500,000	  	    	FOB	    	Jan 17-21	    	Jan 18th	    	Jan 24-25	    	15 days	    	February 2nd
	 5. Kirkuk
	    	 	1,000,000	  	    	FOB	    	Nov 30	    	Dec 3rd	    	Dec 21-23	    	30 days	    	January 3rd
	 6. Arab Light
	    	 	730,000	  	    	FOB	    	Dec 15-17	    	Dec 16th	    	Jan 3-5	    	25 days	    	January 10th
	 7. Kirkuk
	    	 	1,000,000	  	    	FOB	    	Dec 25	    	Dec 27th	    	Jan 14-16	    	30 days	    	January 27th
	 8. Arab Light
	    	 	730,000	  	    	DES	    	Jan 7-9	    	Jan 8th	    	Jan 25-27	    	25 days	    	February 1st
	 9. Arab Light**
	    	 	730,000	  	    	FOB	    	Jan 17-19	    	Jan 18th	    	Feb 5-7	    	25 days	    	February 11th
	 10. Kirkuk
	    	 	1,000,000	  	    	FOB	    	Jan 27	    	Feb 1st	    	Feb 20-21	    	30 days	    	March 5th

  

	*	These cargos are not Unpaid Crude Oil In-Transit but are described herein for the purpose of identifying commitments which Seller has made for the purchase of Crude Oil
for processing at the Refinery following the Closing Date. Pursuant to the Tri-Party Agreement of even date herewith between Seller, Buyer and SMT, Seller will sell this Crude Oil to SMT on an FOB basis at the load port. SMT will arrange for and
charter vessel. SMT will pay Seller for such cargos on the same terms and conditions as Seller is required to pay its supplier, which terms are set out on Exhibit C to the Tri-Party Agreement. 

	**	These cargo commitments/contracts are Unpaid Crude Oil In-Transit but Seller, Buyer and SMT each anticipate that Buyer and/or SMT will enter into a new term contract
(the “Buyer/SMT Saudi Contract”) with Saudi Arabian Oil Company (“Aramco”). If the Buyer/SMT Saudi Contract is entered into prior to loading, Seller, Buyer and SMT shall use commercially reasonable efforts to have these cargos
transferred from Seller’s contract with Aramco to the Buyer/SMT Saudi Contract in a timely manner that allows SMT to charter vessels to carry such cargos in a commercially reasonable manner. If they are so transferred, these cargo
commitments/contracts shall not be purchased by Valero and shall cease to be Unpaid Crude Oil In-Transit. If (a) the Buyer/SMT Saudi Contract is not executed prior to the loading date or (b) the parties are unsuccessful in their efforts to
transfer the cargo commitments/contracts to the Buyer/SMT Saudi Contract in a timely manner that allows SMT to charter vessels for such cargos in a commercially reasonable manner by the loading date, these cargo commitments/contracts shall remain
Unpaid Crude Oil In-Transit and be delivered to Buyer/SMT in the same manner as all other Unpaid Crude Oil In-Transit. 

	***	Pricing shall be deemed on December 20-23 for this cargo. 

  
 Exhibit F-1

 EXHIBIT H 
 TO 
 Stock Purchase Agreement 

OFFTAKE AGREEMENT 

 OFFTAKE AGREEMENT 

This Offtake Agreement (the “Agreement”) is made this 17th day of December, 2010 (the “Effective Date”) by and
between PAULSBORO REFINING COMPANY LLC, a Delaware limited liability company (“Seller”) and VALERO MARKETING AND SUPPLY COMPANY, a Delaware corporation (“Buyer”). (Seller and Buyer may hereinafter be referred to
individually as a “Party” or collectively as the “Parties”), 
 WHEREAS, Seller and Valero
Refining and Marketing Company, a Delaware corporation (the “SPA Seller”), entered into a Stock Purchase Agreement, dated as of September 24, 2010 (the “SPA”), pursuant to which the SPA Seller will sell and
transfer, and Seller will purchase and take title to and delivery of the Shares (as defined in the SPA). 
 WHEREAS, the Parties
are desirous of entering into an agreement whereby Seller will sell and Buyer will purchase a quantity of Products (as defined below). 
 WHEREAS, At Closing, Seller may concurrently sell or assign the Products to certain third parties who will sell the Products directly to Buyer, provided, however, Seller shall remain responsible for all
obligations under this Agreement to Buyer. 
 WHEREAS, Seller desires to sell to Buyer and Buyer desires to purchase from Seller
the Products pursuant to the terms and conditions of this Agreement. 
 WHEREAS, as a condition precedent to Closing under the
SPA, the SPA Seller and Seller require the execution of this Agreement. 
 NOW THEREFORE, in consideration of the premises, the
terms and conditions hereinafter set forth and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 1. Defined Terms. Capitalized terms that are used herein and otherwise not defined shall have the meanings set forth in the General Terms and Conditions attached to the Agreement as
Exhibit D and incorporated herein for all purposes. 
 2. Term. The “Term” of this Agreement shall be from the
Effective Date through the earlier of the date that all of the purchase and sale obligations for all Products set forth in Exhibit A, Exhibit B and Exhibit C end or the termination of this Agreement pursuant to
Section 7. For avoidance of doubt, Exhibit A, Exhibit B and Exhibit C contain specific terms for the purchase and sale obligations for each Product, and the termination of such obligation as to one Product, pursuant
to such terms, shall not impact the obligations as to the other Products or this Agreement. 
 3. Sale of Products. 

(a) Products. Seller will sell and deliver to Buyer, and Buyer will purchase and 

receive from Seller, the products (the “Products”, and each individually a “Product”) set 

forth on Exhibit A, Exhibit B and Exhibit C attached hereto and incorporated by 

reference and such other products as may be mutually agreed from time to time by the Parties. 

  
 -1-

 (b) Specifications. The Products supplied to Buyer hereunder shall meet the minimum
specifications and properties set forth in Exhibit A, Exhibit B and Exhibit C (the “Specifications”) as may be modified from time to time with the mutual, written consent of the Parties. 

(c) Volumes. The applicable volumes of the Products to be purchased and sold hereunder are set forth in Exhibit A,
Exhibit B and Exhibit C. 
 (d) Delivery. Product will be delivered to the requested delivery points (each
individually, a “Delivery Point” and collectively, the “Delivery Points”) identified on Exhibit A and Exhibit B. In the event Seller is unable to load or deliver any Products at the specific Delivery
Points designated by Buyer, Seller shall provide Buyer prompt notice thereof. Deliveries shall be as specified in Exhibit A, Exhibit B and Exhibit C. 
 4. Price. 
 (a) The prices for the Products are as set forth on
Exhibit A, Exhibit B and Exhibit C. Prices shall be rounded to six (6) decimal places. If the Parties determine that the pricing formula set forth herein results in a price which is materially different than the then
prevailing “market price” for such Product at one or more applicable Delivery Points, the Parties shall mutually agree on a new price for any such Product at any such Delivery Point, as appropriate. If the Parties cannot agree on a new
pricing formula or if the Parties cannot agree that the pricing formula set forth herein results in a material difference when compared to the then prevailing “market price” for such Product at one or more applicable Delivery Points, then
the Parties shall hire a mutually acceptable independent third party to determine the materiality of the difference and/or a prevailing market price formula based upon the factors set forth above. The Parties shall share equally the costs of the
independent third party. 
 (b) Replacement Publications. In the event that Argus or OPIS ceases operation and/or
publication of the relevant price or materially alters the method for calculating a price, the Parties agree to meet within ten (10) days to agree to a replacement publication for use hereunder. 

(c) Invoices. 
 (i) For Delivery of Products via Truck. Seller shall submit a weekly summary invoice, together with such information as the Parties mutually agree is necessary to substantiate the invoices to Buyer
for all Products delivered to Buyer during each one week billing period within two (2) Business Days after the end of each such billing period, and Buyer agrees to pay Seller within the time period specified in Exhibit A, Exhibit
B and Exhibit C. Each such weekly invoice will be based upon on weekly cycles (Monday through Sunday) during the month. The first and last cycle will start on the first day of the month and end on the last day of the month. If the first
day of the month is not a Monday, the cycle will 

  
 -2-

 start on the first calendar day and end on Sunday. If the last day of the month is not a
Sunday, the final cycle will end on the last calendar day. Each invoice shall, with respect to the relevant billing period, include all bills of lading, quantity, Product type, and grade of products nominated by Buyer and delivered by the Seller
with the prices applicable for these Products and quantities. Seller shall deliver each invoice to Buyer via facsimile or electronic transmission, unless otherwise agreed by the Parties. The Parties agree to work together in good faith to arrange
for each invoice to be sent via electronic data interchange (“EDI”). 
 (ii) For Delivery of Products via
Pipeline or Vessel. Seller shall submit an invoice, together with such information as the Parties mutually agree is necessary to substantiate the invoice, including the applicable pipeline ticket for pipeline deliveries and a draft survey or
other applicable loading documents for Vessel deliveries, to Buyer for all Products delivered to Buyer by pipeline or Vessel within two (2) Business Days following Seller’s receipt of the pipeline meter ticket or draft survey or other
applicable loading document for each batch of Product to be delivered to Buyer, and Buyer agrees to pay Seller within the time period specified in Exhibit A, Exhibit B and Exhibit C. Each invoice shall, with respect to the
relevant billing period, include all bills of lading, quantity, Product type, and grade of products nominated by Buyer and delivered by the Seller with the prices applicable for these Products and quantities. Seller shall deliver each invoice to
Buyer via facsimile or electronic transmission, unless otherwise agreed by the Parties. The Parties agree to work together in good faith to arrange for each invoice to be sent via EDI. 

(d) Invoice Address. Until such times that the Parties use EDI, all invoices shall be transmitted to the following address:

 VALERO MARKETING AND SUPPLY COMPANY 
 One Valero Way 
 Mail Station F3R-118B 

San Antonio, Texas 78249 
 Attention: Bulk Finished Product Accounting – Carrie Tate 
 Telephone:
(210) 345-2051 
 Facsimile: (210) 444-8512 
 5. Measurements. Quantity of Products delivered shall be determined pursuant to the methods set forth in the General Terms on a temperature adjusted (net) Gallon based on 60°
Fahrenheit. 
 6. Title and Risk of Loss. Title to and risk of loss of the Products shall pass from Seller to Buyer as
indicated on Exhibit A, Exhibit B and Exhibit C. 
 7. Termination. This Agreement may be terminated:

 (a) By either Party if the other Party declares an event of Force Majeure as provided in Section 13(c) of the
General Terms; or 

  
 -3-

 (b) By Seller in the event that Buyer fails to pay any undisputed amount owed under this
Agreement and such failure shall continue for a period of five (5) Business Days following receipt of written notice of default by Seller. 
 (c) By either Party if the other Party materially defaults in the observance or in the due and timely performance of any of the material covenants of such Party contained herein, and such default (other
than payment default) shall continue un-remedied fifteen (15) Business Days after the defaulting Party’s receipt of written notice of default (or, in the event such default cannot be remedied within fifteen (15) Business Days, the
defaulting Party has not commenced remedying such default within fifteen (15) Business Days). 
 (d) By either Party in the
event the other Party, (a) makes an assignment or any general arrangement for the benefit of creditors, (b) files a petition or otherwise commences, authorizes, or acquiesces in the commencing of a proceeding or cause under any bankruptcy
or similar law for the protection of creditors or have such petition filed or proceeding commenced against it, (c) otherwise becomes bankrupt or insolvent (however evidenced), or (d) has a receiver, provisional liquidator, conservator,
custodian trustee or other similar official appointed with respect to it or substantially all of its assets. 
 (e) By either
Party in accordance with Section 4 of the General Terms. 
 Written notice of termination shall be given by the
terminating Party to the other Party. 
 8. Exhibits. The exhibits attached hereto, including without limitation the
General Terms attached as Exhibit D, are made a part of, and incorporated into this Agreement. In the event of conflict between the provisions of the main body of this Agreement and any of the exhibits hereto, the provisions of the main body of this
Agreement shall prevail. 
 9. Inventory Imbalance. As of the date of this Agreement, Buyer has a pre-existing inventory
imbalance at the NuStar Terminal of approximately [REDACTED] barrels (subject to adjustment) (the “Book Inventory Imbalance”). The physical barrels to satisfy Book Inventory Balance are stored in tanks located at the Refinery (the
“[REDACTED] Imbalance Barrels”) because there is not sufficient space at the NuStar Terminal. Seller and Buyer expect that the Book Inventory Balance will be handled in the ordinary course of business by adjustments in future nominations
from [REDACTED]. At Closing, Seller shall have custody of the [REDACTED] Imbalance Barrels and [REDACTED] will continue to hold title. Seller agrees to transfer the [REDACTED] Imbalance Barrels to the NuStar Terminal on behalf of Buyer to meet the
[REDACTED]’s liftings at the NuStar Terminal and such transfer shall be performed by Seller consistent with and in compliance with the terms set forth in Exhibit E to this Agreement. 

[Signature Page to follow] 

  
 -4-

 This Agreement has been executed by the authorized representatives of each Party as indicated below
effective as of the Effective Date. 
  

	
	 Seller:
  

	PAULSBORO REFINING COMPANY LLC, a Delaware limited liability company

  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	Buyer:  

	VALERO MARKETING AND SUPPLY COMPANY a Delaware
corporation
  

	By:	 	  

		 	S. Eugene Edwards
		 	Executive Vice President

 [Signature Page to Offtake Agreement] 

 EXHIBIT A 
 LIGHT PRODUCTS 
  

	A.	Products: The Products to be sold and delivered under this Exhibit “A” to the Agreement are set forth in the table below (the
“Light Products”). 

  

			
	 Product
	  	 Specifications

		
	RBOB w/10% Ethanol	  	Minimum required specifications as required by Applicable Law and applicable ASTM specifications.
		
	Reformulated Midgrade w/ 10% Ethanol	  	Minimum required specifications as required by Applicable Law and applicable ASTM specifications.
		
	PBOB w/10% Ethanol	  	Minimum required specifications as required by Applicable Law and applicable ASTM specifications.
		
	RBOB	  	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.
		
	PBOB	  	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.
		
	CBOB Unleaded	  	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.
		
	CBOB Premium	  	Minimum required specifications as required by Applicable Law and ASTM specifications for the Buckeye Pipeline or Colonial Pipeline, as applicable.

  

	*	Specifications shall be consistent with local Delivery Point requirements (including, without limitation RVP) at the time of delivery. Seller will match terminal and
pipeline RVP requests for fall to summer RVP ramp down, or summer to fall, as applicable, independent of state RVP compliance dates 

  

	B.	Term. The purchase and sale obligations for the Light Products will be for an initial term of eighteen (18) months from the Effective Date (the
“Light Products Initial Term”). 

  
 Exhibit A,
Page 1 

 Following the expiration of the Light Products Initial Term, unless sooner terminated in
accordance with the other provisions of this Agreement, the purchase and sale obligations for the Light Products shall automatically continue on an evergreen basis for additional terms of six months each unless terminated by either Party by giving
one hundred eighty (180) days notice in writing to the other Party prior to the end of the Light Products Initial Term or any time thereafter. The Light Products Initial Term, together with any subsequent renewal terms (if any), shall be
referred to as the “Light Products Term”). 
  

	C.	Volumes. 

  

					
	 Product
	  	 Delivery Location
	  	 Volume

			
	RBOB w/10% Ethanol	  	NuStar Terminal Truck Rack	  	 [REDACTED]

			
	PBOB w/10% Ethanol	  	NuStar Terminal Truck Rack	  	 [REDACTED]

 The above volumes include reformulated midgrade with 10% Ethanol demand 

 

					
	RBOB	  	Buckeye Pipeline	  	 [REDACTED]

			
	PBOB	  	Buckeye Pipeline	  	 [REDACTED]

			
	CBOB UNLEADED	  	Buckeye Pipeline	  	 [REDACTED]

			
	CBOB PREMIUM	  	Buckeye Pipeline	  	 [REDACTED]

			
	RBOB	  	Colonial Pipeline	  	 [REDACTED]

			
	PBOB	  	Colonial Pipeline	  	 [REDACTED]

 Buyer shall perform best efforts to lift all volumes sold under this Agreement on a ratable basis.

 If Buyer desires volume in excess of the above, the parties agree to negotiate in good faith to achieve the higher volume
subject to availability. 
  

	D.	[REDACTED] 

  

	E.	[REDACTED] 

  

	F.	[REDACTED] 

  

	G.	Title and Risk of Loss. Title and Risk of Loss for Light Product shall pass as follows: 

 

	 	(i)	For Light products sold at the NuStar Terminal Truck Rack for delivery into trucks, at the flange connection of the receiving equipment. 

	

	

	

	

	

  
 Exhibit A,
Page 2 

	 	(ii)	For Light Products sold FOB at the Refinery into Buckeye Pipeline, at the custody transfer meter on Buckeye Pipeline. 

 

	 	(iii)	For Light Products sold FOB at the Refinery into Colonial Pipeline via Buckeye Pipeline, at the appropriate custody transfer meter on Buckeye Pipeline.

  

	H.	 Nominations. Upon the Effective Date of this Agreement, Buyer shall provide Seller with a forecast of its monthly requirements (the
“Initial Offtake Nomination”) for each of the Light Products (stating volumes and gasoline grade splits) for the first month following the Effective Date. Thereafter on or before the 15th day of each calendar month, Buyer shall provide Seller with its
monthly nominations for each of the Light Products for the following month (each an “Offtake Nomination”). Subject to the [REDACTED] requirements set forth below, the aggregate volume of each Light Product to be purchased by Buyer
will not vary by more than ten percent (10%) from the monthly nominated volumes thereof. For premium grades delivered into Buckeye and Colonial Pipelines, Seller shall advise Buyer of available volume for sale under this Agreement by the
twentieth (20th) calendar day of the month prior to
delivery. Buyer will exercise reasonable business efforts to cause its purchase and receipt of Light Products to be ratable over the month and in proportion to each of the Light Products nominated. Seller agrees to deliver the Light Products and
Buyer agrees to lift the Light Products in accordance with the Offtake Nomination for each month in which deliveries are scheduled unless mutually agreeable changes are made. 

 

	I.	RINS. For all Light Products delivered under this Agreement Seller shall be entitled to and Buyer shall convey, all D6 Renewable Fuel RINs generated by Buyer
from subsequent blending of Seller’s produced Light Products with ethanol. Buyer shall not be obligated to provide RINs for any volumes for which the Buyer is not the downstream blender of record. 

 

	J.	 [REDACTED] 

  
 Exhibit A,
Page 6 

	K.	Maintenance. In the event of any planned or unplanned maintenance or shutdown of the Refinery that, in Seller’s reasonable judgment, will affect
Seller’s supply of Products hereunder (“Outage”), Seller shall provide Buyer with at least 30 days advance notice of the Outage if such Outage is a planned Outage or scheduled turnaround (a “Planned Outage”),
and as much advance notice of the Outage as reasonably possible if the Outage is unplanned or in connection with a Force Majeure Event (an “Unplanned Outage”). Until such time that the Planned Outage becomes public, Buyer agrees to
keep the fact that it received notice of a Planned Outage, and the Planned Outage confidential. In the event of an Unplanned Outage, and to the extent that Seller has inventory on hand at the Refinery, Seller shall continue to supply, to Buyer, the
Light Products out of such inventory on hand, subject to Seller’s right to allocate available inventory to [REDACTED] first under the [REDACTED]. As soon as reasonably possible following the Unplanned Outage, Seller shall determine the amount
of inventory available to Buyer and provide Buyer with notice of such volumes. During any Outage (and once existing inventory volumes, if supplied to Buyer, are exhausted during an Unplanned Outage), Buyer shall be entitled to inhaul the Light
Products sufficient to meet Buyer’s marketing requirements during the Outage on the terms and conditions set forth in Exhibit “D” (the “Inhauls”). Buyer shall compensate Seller for Seller’s incremental
direct costs incurred as a result of Buyer’s Inhauls. 

  

	L.	Ethanol. Seller shall supply Buyer with Ethanol at the NuStar Terminal. 

  
 Exhibit A,
Page 7 

 EXHIBIT B 
 SPECIALTY PRODUCTS 
  

			
	PRODUCT:	  	64-22 grade asphalt which meets the AASHTO M320 specifications (the “Asphalt”).
		
	TERM:	  	The purchase and sale obligations for the Asphalt will commence upon the Effective Date and expire on December 31, 2011 (the “Asphalt Initial Term”). Following
the expiration of the Asphalt Initial Term, unless sooner terminated in accordance with the other provisions of this Agreement, the purchase and sale obligations for the Asphalt shall automatically continue on an evergreen basis for additional
renewal terms of one (1) year each unless terminated by either Party by giving one hundred eighty (180) days notice in writing to the other Party prior to the end of the Asphalt Initial Term or any additional renewal term thereafter. The Asphalt
Initial Term, together with any additional renewal terms (if any), shall be referred to as the “Asphalt Term”).
		
	DELIVERY:	  	 Seller will deliver to Buyer the Asphalt sold under this Agreement at the following locations:

 
 (i)     If by
truck, FOB at the Refinery asphalt truck rack.

		
		  	 (ii)    If by Vessel, FOB at the Refinery Dock.

		
	VOLUMES:	  	One hundred percent (100%) of the Refinery asphalt production, subject to availability based on refinery operations (subject to nomination provision below). Buyer’s
obligation not to exceed [REDACTED] barrels per year. In the event the Asphalt Initial Term is greater than one year, Buyer’s volume obligation shall not exceed the [REDACTED] barrels. In the event the Asphalt Initial Term is less than one
year, the volume obligation for such Asphalt Initial Term shall be reduced pro rata based on the number of days in the Asphalt Initial Term versus the number of days in a full year.
		
		  	Buyer shall lift and Seller shall make available all volumes sold under this Agreement on a ratable basis with consideration of seasonality in Asphalt movements allowing for
approximately two thirds of the volume occurring in April to September and one third in October to March.
		
		  	Buyer is not obligated to take physical delivery of any minimum volume via the Refinery Truck Rack, however, Buyer shall be obligated to pay the Refinery Truck Rack price on
[REDACTED] of the total volume, up to an annual maximum of [REDACTED] barrels. Notwithstanding the above, all volume sold to Buyer across the Refinery Truck Rack shall be sold at the Refinery Truck Rack price.

  
 Exhibit B,
Page 1 

			
		
	PRICE:	  	 [REDACTED]

		
	PRICING:	  	 [REDACTED]

		
	PAYMENT:	  	Seller shall invoice Buyer at the end of a ten (10) calendar day period for liftings ocurring during such period. Buyer shall pay such invoice within ten (10) calendar days from
receipt of invoice.
		
	TITLE AND ROL:	  	Title and risk of loss shall pass from Seller to Buyer at the following points:
		
		  	 (i)       for Asphalt sold FOB at the Refinery Asphalt Truck Rack into trucks, title and
risk of loss shall transfer at the connection to the truck.

		
		  	 (ii)      for Asphalt sold FOB at the Refinery Dock, title and risk of loss shall transfer at
the connecting flange from the Refinery to the Vessel.

  
 Exhibit B,
Page 2 

			
	 CARRIERS.
	  	All Carriers entering the Refinery on behalf of Buyer, shall execute Seller’s Asphalt Terminal access agreement and submit its associated insurance documentation to
Seller’s Risk Management Department or Buyer shall otherwise indemnify, defend and hold Seller harmless against any and all damage or injury caused by or suffered by truck carriers and their employees while within the Refinery Asphalt
Terminal.
		
	 NOMINATIONS:
	  	Upon the Effective Date of this Agreement and on the tenth (10th) day of each calendar month, Seller shall provide Buyer with a good faith non-binding forecast of its monthly
production (the “Forecast”) of Asphalt, On or before the fifteenth (15th) day of each calendar month, Buyer shall provide Seller with its monthly nominations for Asphalt for the following month stating volumes and Delivery Points
(the “Offtake Nomination”). The Offtake Nomination shall be binding on both Buyer and Seller, except to the extent the volume cannot be produced due to operational issues. A decision to divert volume to the coker, change feed rates
or otherwise intentionally not produce nominated volume is not an operational issue excusing failure to deliver.
		
	 DOCK:
	  	Seller to maintain following dock capabilities at dock #2:
		
		  	loading pump rate: 2,200 bph
		
		  	draft: 32 ft. 10 in.
		
		  	loa: 900 ft.
		
	 TRUCK RACK:
	  	Buyer shall have exclusive use of the Refinery Asphalt Truck Rack. Seller agrees to maintain the Refinery Asphalt Truck Rack in a fully operational condition (subject to
unplanned outages and routine maintenance) with loading rates at each truck loading spot up to normal industry standards for asphalt truck loading. The Refinery Asphalt Truck Rack shall at all time be operated in compliance with governmental laws,
rules, and regulations. In the event that Buyer does not take 100% of available Asphalt production at either the Asphalt Truck Rack or the Dock, or any combination thereof, Seller shall have the right to market the excess volume for its own
account.
		
	 MARINE TERMS
	  	Marine movements into or from the Docks shall be in accordance with the Asphalt Marine Terms attached hereto as Exhibit “F”.

  
 Exhibit B,
Page 3 

 EXHIBIT C 
 JET FUEL PRODUCTS 
  

			
	 PRODUCT:
	  	Jet Fuel which meets ASTM D-1655, latest revision specifications (the “Jet Fuel”) and satisfies Buyer’s supply requirements to FedEx under the Sales
Contract dated June 1, 2010 between Buyer and FedEx, (the “FedEx Contract”).
		
	 TERM:
	  	The purchase and sale obligations for the Jet Fuel will commence upon the Effective Date and expire on May 31, 2011 (the “Jet Fuel Term”).
		
	 DELIVERY:
	  	Seller will deliver to Buyer the Jet Fuel sold under this Agreement at the custody transfer meter. The meter is located at the Buckeye fuel filter separator point just outside
ASIG’s Philadelphia airport fuel facility on the Buckeye pipeline which runs between the Refinery and the Philadelphia Airport. (the “Jet Fuel Delivery Point”)
		
	 VOLUMES:
	  	 [REDACTED]

		
	 PRICE:
	  	 [REDACTED] 

		
	 PRICING:
	  	[REDACTED]
		
	 INVOICING:
	  	For each jet fuel batch delivered to the Philadelphia airport by the Seller, the airport creates a document splitting the batch up for each individual airport customer. The
document is used as the basis for volume billed to each customer. With the formation of this Agreement, the airport will create a separate document with a customer line item that reads Valero/FedEx. This document will serve as the basis for the
Seller’s invoice to the Buyer.
		
	 PAYMENT:
	  	Buyer shall pay such invoice within ten (10) calendar days from date of invoice.
		
	 TITLE AND ROL:
	  	Title and risk of loss shall pass from Seller to Buyer at the Jet Fuel Delivery Point.

  
 Exhibit C,
Page 1 

			
		  	NOMINATIONS: On or before the 10th day of each calendar month, Buyer shall provide Seller with its monthly nominations for Jet Fuel for the following month (each an
“Offtake Nomination”). PBF will cover the existing nomination for December 2010. Beginning January 1, 2011, the aggregate volume of Jet Fuel to be purchased by Buyer will not vary by more than ten percent (10%) from the monthly
nominated volumes thereof. Seller agrees to deliver the Jet Fuel and Buyer agrees to lift the Jet Fuel in accordance with the Offtake Nomination for each month in which deliveries are scheduled unless mutually agreeable changes are
made.

  
 Exhibit C,
Page 2 

 EXHIBIT D 
 GENERAL TERMS AND CONDITIONS 
 1. Definitions: As used in this Agreement, the following
terms shall have the following meanings: 
 (a) “Acceptable Letter of Credit Issuer” means a U.S. state- or
federally-chartered commercial bank or an international commercial bank that is and remains acceptable to Seller or the Requesting Party, as applicable, and which has senior unsecured long term debt or deposits that, at the time when the relevant
letter of credit is delivered to Seller or the Requesting Party, as applicable, are rated at least “A-” (or its then current equivalent) by Standard & Poor’s Ratings Service (or any successor rating agency thereto) and at
least “A3” (or its then current equivalent) by Moody’s Investors Service, Inc. (or any successor rating agency thereto). 
 (b) “Affiliate” has the same meaning as that term is defined in the SPA. 
 (c) “Agreement” means this Offtake Agreement, including all Exhibits, as such may be amended from time to time. 
 (d) “API” means American Petroleum Institute. 
 (e)
“Applicable Law” shall mean any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, order, decree (including, without limitation, any consent decree), permit, approval, license, requirement, or other
governmental restriction or any similar form of decision of, or any provision or condition of any permit, license or other operating authorization issued under any of the foregoing by, or any determination by any Governmental Authority having or
asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended (including without limitation, all of the terms and provisions of the common law of such Governmental Authority), as
interpreted and enforced at the time in question. 
 (f) “Argus” means the various daily reports published by
Argus Media including the U.S. Products Report. 
 (g) “ASTM” means ASTM International, formerly known as the
American Society for Testing and Materials. 
 (h) “Bankrupt” means, with respect to a Party, its direct or
indirect parent companies, its Credit Support Provider or an Acceptable Letter of Credit Issuer, as the case may be, that such Party or its Credit Support Provider: (i) is dissolved (other than pursuant to a consolidation, amalgamation or
merger); (ii) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (iii) makes a general assignment, arrangement or composition with or for the benefit
of its creditors; (iv) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a
petition is presented for its winding-

  
 Exhibit D,
Page 1 

 
up or liquidation; (v) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (vi) seeks or
becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (vii) has a secured party take possession of
all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets; (viii) causes or is subject to any event with respect
to it which, under Applicable Law, has an analogous effect to any of the events specified in clauses (i) to (vii) (inclusive); or (ix) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in,
any of the foregoing acts. 
 (i) “Barrel” and “BBL” means 42 US Gallons measured at 60 degrees
Fahrenheit. 
 (j) “BPD” means Barrels per Day. 

(k) “Business Day” means a day on which banks are open for general commercial business in New York, New York. 

(1) “Buyer” is defined in the preamble of the Agreement, and includes its successors and permitted assigns. 

(m) “Contract Year” means a period of 365 days (or 366 days in case the period includes a February 29) beginning on
the Effective Date, and ending on each subsequent anniversary thereof during the effectiveness of this Agreement. 
 (n)
“Credit Support Provider” means the guarantor or other Person providing credit support or Performance Assurance for a Party. 
 (o) “Docks” mean the marine/barge dock facilities and related improvements which are located at or within the Refinery. 

(p) “Effective Date” is defined in the preamble of this Agreement. 

(q) “ETA” means estimated time of arrival. 
 (r) “Force Majeure” means any cause or event reasonably beyond the control of a Party, including (but without limiting the generality of such term): act(s) of god, perils of the sea,
fire, delay of the performing vessel arising from breakdown or adverse weather, accidents at, closing of, or restrictions upon the use of mooring facilities, docks, ports, pipelines, harbors, or other navigational or transportation mechanisms, war
(declared or undeclared), military operations, blockade, revolution, disruption or breakdown of or explosions or accidents to wells, storage plants, refineries, terminals, machinery or other facilities, trade restriction, strike, lockouts, or a
dispute or difference with workers, labor shortage requests, orders or actions of any government, or by any person purporting to represent a government, or any other cause of a similar nature as described herein not reasonably within the control of
the respective Parties. 

  
 Exhibit D,
Page 2 

 (s) “Gallon” means a U.S. gallon of 231 cubic inches at 60 degrees
Fahrenheit (60°F). 
 (t) “General Terms” means these General Terms and Conditions attached to the Agreement
as Exhibit “C” and incorporated therein for all purposes. 
 (u) “Governmental Authority” means any
federal, state, local, foreign government, any provincial, departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions
or any court, department, commission, board, bureau, agency, instrumentality or administrative body of any of the foregoing. 

(v) “Hazardous Material” means any substance, material or waste, that is regulated by Applicable Law as hazardous or
toxic, as a pollutant or as a contaminate, or with words of a similar meaning including, without limitation, petroleum, petroleum products, ethanol, bio-diesel, gasoline additives, distillate additives, and methyl tertiary butyl ether. 

(w) “Incoterms” shall mean the 2000 edition of the trade terms published by the International Chamber of Commerce which
shall apply to this Agreement to the extent that they do not conflict with the provisions of this Agreement. 
 (x)
“Independent Inspector” means a duly licensed person or firm, appointed as agreed by Seller and Buyer, that performs a quantity or quality determination with respect to the Products received or delivered hereunder. 

(y) “Initial Term” has the meaning given such term in Section 1 of the Agreement. 

(z) “Interest Rate” means an annual rate (based on a 360-day year) equal to the lesser of(i) two percent (2%) over
the prime rate as published under “Money Rates” in the Wall Street Journal in effect at the close of the Business Day on which payment was due and (ii) the maximum rate permitted by Applicable Law. 

(aa) “Letter of Credit Default” means the occurrence of any of the following events as to any outstanding letter of
credit: (i) the Acceptable Letter of Credit Issuer no longer meets one or both of the criteria of an “Acceptable Letter of Credit Issuer” as defined in this Agreement; (ii) the Acceptable Letter of Credit Issuer fails to comply
with or perform its obligations under such letter of credit; (iii) the Acceptable Letter of Credit Issuer disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such letter of credit; (iv) the
letter of credit expires or terminates, or fails or ceases to be in full force and effect at any time during the term of any outstanding transaction under this Agreement or during any period when Seller or the Requesting Party requires that Buyer or
the Providing Party, as applicable, maintain the letter of credit; (v) Buyer or the Providing Party, as applicable, fails to cause a renewal or replacement letter of credit to be delivered to Seller or the Requesting Party, as applicable, at
least 15 Business Days (or by such other date required by Seller or the Requesting Party, as applicable) prior to the expiration of such letter of credit; or (vi) the Acceptable Letter of Credit Issuer becomes or is Bankrupt. 

  
 Exhibit D,
Page 3 

 (bb) “Liabilities” means actions, claims, causes of action, costs, demands,
damages, expenses, fines, lawsuits, liabilities, losses, obligations, and penalties including court costs, defense costs, and reasonable attorneys’ fees. 
 (cc) “Marine Terms” means the Paulsboro Refinery Marine Requirements attached to the Agreement as Exhibit “F” and incorporated therein for all purposes. 

(dd) “OPIS” means Oil Price Information Service. 
 (ee) “Seller” is defined in the preamble of this Agreement, and includes its successors and assigns. 
 (ff) “Party” means Seller or Buyer, and “Parties” means Seller and Buyer. 
 (gg) “Performance Assurance” means cash, an irrevocable standby letter of credit issued or confirmed by an Acceptable Letter of Credit Issuer and that is in a form that complies with the
requirements of this Agreement and is for a term reasonably acceptable to the Requesting Party, a guaranty or another form of assurance mutually agreed by the Parties. 
 (hh) “Person” means any individual, sole proprietorship, partnership, joint venture, limited liability company, trust, unincorporated organization, association, corporation, institution,
entity, party, Governmental Authority, court or any other legal entity, whether acting in an individual, fiduciary or other capacity. 
 (ii) “Products” has the meaning given such term in Section 3(a) of the Agreement. 
 (jj) “Providing Party” means the Party asked to provide the Requesting Party with Performance Assurance under Section 4. 

(kk) “Refinery” means the petroleum refinery of Seller located in Paulsboro, New Jersey. 

(II) “Requesting Party” means the Party that requests the Providing Party to provide Performance Assurance under
Section 4. 
 (mm) “Specifications” has the meaning given such term in Section 3(i) of
the Agreement. 
 (nn) “Taxes” means any and all foreign, federal, state and local taxes, duties, fees and
charges of every description, including all motor fuel, excise, gasoline, aviation fuel, special fuel, diesel, environmental, spill, gross earnings or gross receipts and sales and use taxes, however designated, paid or incurred with respect to the
purchase, storage, exchange, use, transportation, resale, importation, exportation or handling of the Products; provided, however, that “Taxes” does not include: (i) any tax imposed on or measured by net profits, gross or net income,
or gross receipts (excluding, for the avoidance of doubt, any transaction taxes such as sales, use, gross earnings or gross receipts or similar taxes that are based upon gross receipts, gross earnings or gross revenues received only from the

  
 Exhibit D,
Page 4 

 
sale of petroleum products); (ii) any tax measured by capital value or net worth, whether denominated as franchise taxes, doing business taxes, capital stock taxes or the like;
(iii) business license or franchise taxes or registration fees; or (iv) any ad valorem or personal property taxes. 

(oo) “Vessel” means any pushboat, towboat, barge, or other marine vessel or combination thereof, employed or chartered
for the purpose of transporting Product to and from the Docks. 
 (pp) “VEF” means Vessel experience factor,
always qualified and consistent with current API standards. 
 2. Title and Risk of Loss. Title to and risk of loss of the Products shall
pass from Seller to Buyer as follows: when by or into any Vessel, at the last permanent shoreside flange between the Docks and the Vessel’s permanent connection; when into any truck, tanker or railcar, as the Products enter the flange
connection of the receiving equipment; when by or into any pipeline as the Products pass the downstream flange of the meter measuring receipt of the Products upon intake, and when by book or stock transfer, on the effective date of the transfer.

 3. Payments Terms. 
 (a) Payments. Payments hereunder shall be made to Seller pursuant to the payment terms set forth in this Agreement. All payments shall be made without offset, discount, deduction or counterclaim by
wire transfer of immediately available funds to Seller at such account as Seller may designate in writing. Invoices and supporting documents received after 12:00 p.m. CST shall be considered to be received on the next Business Day. 

(b) Required Documentation. Supporting documentation shall be as follows: 

(i) For FOB Vessels. 
 (1) Invoice (facsimile acceptable). 
 (2) Copy(ies) of Independent
Inspector’s report of loaded quantity 
 (meter(s), shore measurements and Vessel measurements) and quality 

(may be presented as two separate documents) (facsimile acceptable). 

(ii) FOB and Delivered Truck. 
 (1) Invoice (facsimile acceptable). 
 (2) Truck bill of lading 

(iii) FOB and Delivered Railcar 
 (1) Invoice (facsimile acceptable). 

  
 Exhibit D,
Page 5 

 (2) Tank car bill of lading. 

(iv) FOB and Delivered Pipeline. 
 (1) Invoice. 
 (2) Pipeline meter ticket. 

(c) Split Weekend Clause. If the payment due date falls on a Sunday, or on a Monday that is not a Business Day in the place where
payment is to be made, payment shall be made in immediately available funds to Seller on the next Business Day after such payment due date. If the payment due date falls on a Saturday, or on a non-Business Day other than a Monday in the place where
payment is to be made, payment shall be made in immediately available funds to Seller on the last Business Day prior to such payment due date. 
 (d) Interest and Costs. Any amount payable by Buyer hereunder shall, if not paid when due, bear interest from the payment due date until, but excluding the date payment is received by Seller, at
the Interest Rate. 
 (e) Disputed Invoices. If Buyer, in good faith, disputes the accuracy of the amount invoiced for
Product delivered by Seller, Buyer shall pay the undisputed amount of the invoice and provide written notice stating the reasons why the invoice amount is incorrect, along with supporting documentation acceptable in industry practice. In the event
the Parties are unable to resolve such dispute, either Party may pursue any remedy available at law or in equity to enforce its rights hereunder. In the event that it is determined or agreed that Buyer must or will pay the disputed amount then Buyer
shall pay interest from and including the original payment due date until, but excluding, the date the disputed amount is received by Seller at the Interest Rate. 
 4. Financial Responsibility: 
 (a) Performance Assurance. If a
Requesting Party has reasonable grounds for insecurity as to the Providing Party’s creditworthiness or performance with respect to a particular transaction, the Requesting Party may, in its sole discretion and upon notice to the Providing Party
or its Credit Support Provider, if any, require that the Providing Party or its Credit Support Provider provide the Requesting Party with Performance Assurance of the Providing Party’s or its Credit Support Provider’s ability to perform
any of its obligations under this Agreement in an amount determined by the Requesting Party in a commercially reasonable manner. Unless the Requesting Party specifies a different time period, the Providing Party or its Credit Support Provider shall
furnish Performance Assurance within two Business Days following receipt of the Requesting Party’s written demand. If the security is cash, then the Providing Party shall deliver the cash to the Requesting Party as a deposit, which shall become
the property of the Requesting Party once delivered. 
 (b) Letter of Credit. In the event that Seller requires a letter
of credit pursuant to Section 4(a), payment shall be covered by an irrevocable standby letter of credit to be 

  
 Exhibit D,
Page 6 

 
issued and the original received by Seller not later than three Business Days prior to the first day of the contractual delivery window, in a form reasonably acceptable to Seller and issued by an
Acceptable Letter of Credit Issuer. Such letter of credit shall be opened with sufficient value to cover the aggregate contractual volume plus ten percent (10%) times the aggregate price specified for such Product. If at the time of executing
the letter of credit the price is not fixed, the pricing clause of the Confirmation shall be quoted in the letter of credit and the letter of credit shall be opened with sufficient value to cover the aggregate contractual volume plus ten percent
(10%) times a mutually agreed estimated price. If, after the price of a transaction under the Agreement is fixed, the value of the letter of credit is not sufficient to cover the aggregate contractual volume plus ten percent (10%) times
the aggregate price, then Seller may request that Buyer provide it with an amended letter of credit with sufficient value not later than the next Business Day following the date on which Seller requests the amended letter of credit. The letter of
credit shall include an expanded validity for shipment period starting five days prior and ending five days after the contractual delivery window. All bank charges related to the letter of credit are for the account of Buyer. The letter of credit
shall not expire until 30 days after the final invoice due date. 
 (c) Letter of Credit Default. Upon the occurrence of a
Letter of Credit Default, Buyer or the Providing Party (in the case of Performance Assurance in the form of a letter of credit) agrees to deliver a substitute letter of credit or other collateral acceptable to Seller or to the Requesting Party (in
the case of Performance Assurance in the form of a letter of credit) in its sole discretion, not later than the next Business Day following the date on which the Letter of Credit Default occurred. The failure to deliver timely a substitute letter of
credit or other collateral acceptable as required by Seller or the Requesting Party (in the case of Performance Assurance in the form of a letter of credit) shall be an event of default as to the relevant transaction or transactions under this
Agreement. 
 5. Quality, Quantity and Inspection. 
 (a) Inspection and Measurement of Products. API/ASTM Standards or the latest revisions thereof shall be complied with at all times. All volumes or quantities of Products shall be adjusted per
API/ASTM Standards. Metering systems shall conform to the API/ASTM Standards then in effect relative to meter calibration/accuracy. 
 (b) FOB Vessel Deliveries. Unless otherwise agreed, inspection and measurement of Products delivered hereunder shall be made by an Independent Inspector, the cost of which shall be borne equally by
Buyer and Seller. At the designated point of custody and title transfer, the Independent Inspector shall hand gauge and record static shore tank measurements immediately before and immediately after delivery of the Products to determine the volume
of Products delivered. If relevant shore tank gauge measurements are not possible, then properly certified meter measurement is acceptable. If neither static shore tank measurement or certified meters are available then determination of the volumes
will be agreed to by the Parties. The quality of Product delivered by Vessel shall be based on analysis performed using in-line sampler or shore tank composite samples taken prior to loading. If no in-line sampler or if shore tanks are active or not
suitable, then vessel volumetric composite will be used for quality determination. 

  
 Exhibit D,
Page 7 

 (c) Truck and Rail. The quality of Product delivered into or out of trucks, tankers
or railcars shall be based on shore tank composite samples taken prior to loading as evidenced by the Independent Inspector’s report according to ASTM/API industry standards. Quantities of Products delivered into or out of trucks, tankers or
railcars shall be based on meters or shore tanks or scales located at or near the delivery point and evidenced by bill of lading(s) or based on book, stock or inventory transfer. 

(d) Pipelines. The quality of Product delivered into or out of pipelines shall be in accordance with the specifications set forth
by the relevant pipeline. Quantities shall be determined by pipeline meter tickets based on calibrated pipeline meters or if such meters are unavailable, by calibration tables, or based on book, stock or inventory transfer. 

Seller shall permit Buyer to review and copy relevant meter proving records and witness proving tests as requested. Samples of Products transferred
hereunder shall be retained for ninety (90) days. 
 6. Compliance with Applicable Laws. Seller and Buyer each agree to comply fully
in the performance of this Agreement with all Applicable Laws. All Products sold to Buyer under this Agreement shall be produced and delivered in full compliance with all Applicable Law. The failure of Products to conform to the requirements of
Applicable Law shall, in addition to all of its available remedies, entitle Buyer to return the Products to Seller or take such other steps as are reasonably necessary to comply with Applicable Law. 

7. Warranty of Title. Seller represents and warrants to Buyer that (i) as of the date of delivery of the Products hereunder, Seller has
marketable title to the Products sold and delivered, free and clear of any liens or encumbrances, other than taxes that are due by Buyer and governmental and statutory liens securing payments not yet due and payable; (ii) Seller has full right
and authority to transfer such title of such Products to Buyer and (iii) the Products conform to the Specifications. EXCEPT FOR THOSE EXPRESSLY STATED IN THIS AGREEMENT, NEITHER PARTY MAKES ANY OTHER REPRESENTATIONS, GUARANTEES OR WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTY OF MERCHANTABILITY AND THAT OF FITNESS FOR A PARTICULAR PURPOSE, AS APPLICABLE, NOTWITHSTANDING ANY COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE (OR LACK THEREOF) INCONSISTENT
HEREWITH, SELLER HEREBY EXPRESSLY DISCLAIMS ANY AND ALL REPRESENTATIONS, GUARANTEES OR WARRANTIES, EXPRESS OR IMPLIED, OF MERCHANTABILITY OR FITNESS OF THE PRODUCT FOR A PARTICULAR PURPOSE. 
 8. Hazard Warning Responsibility: With the other documents required hereunder, Seller shall provide to Buyer a Material Safety Data Sheet for each Product delivered hereunder. Buyer acknowledges
that there may be hazards associated with the loading, unloading, transporting, handling or use of the Product sold hereunder, which may require that warnings be communicated to or other precautionary action taken with all persons handling, coming
into contact with, or in any way concerned with the Products sold hereunder. 

  
 Exhibit D,
Page 8 

 9. Deliveries; Liftings: Deliveries shall be made within the delivery terminal’s usual business
hours provided that reasonable advance written notice of each delivery has been given by Buyer. Nominations for pipeline delivery shall be given during normal business hours in accordance with the pipeline’s policies and time constraints.
Seller’s failure to deliver Product and Buyer’s failure to lift Product, each in accordance with the terms and conditions of this Agreement for any reason other than those included in Section 4, Financial Responsibility, and
Section 13, Force Majeure, shall constitute a default under this Agreement. Additional conditions concerning Vessels into or from the Refinery shall be in accordance with the Marine Terms. 

10. Indemnity. SELLER AND BUYER MUTUALLY COVENANT TO AND SHALL PROTECT, DEFEND, INDEMNIFY AND HOLD EACH OTHER AND THEIR RESPECTIVE AFFILIATES,
DIRECTORS, OFFICERS, AGENTS AND CONTRACTORS HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, SUITS, LOSSES (INCLUDING WITHOUT LIMITATION, COSTS OF DEFENSE, ATTORNEYS’ FEES, PENALTIES AND INTEREST), DAMAGES, CAUSES OF ACTION AND LIABILITY
OF EVERY TYPE AND CHARACTER WITHOUT REGARD TO AMOUNT (TOGETHER, “LOSSES”) CAUSED BY, ARISING OUT OF OR RESULTING FROM THE ACTS OR OMISSIONS OF NEGLIGENCE OR WRONGDOING OF SUCH INDEMNIFYING PARTY, ITS OFFICERS, EMPLOYEES, CONTRACTORS
OR AGENTS WITH RESPECT TO THE PURCHASE AND SALE OF PRODUCTS HEREUNDER, EXCEPT TO THE EXTENT SUCH LOSSES ARE CAUSED BY, ARISE OUT OF OR RESULT FROM THE ACTS OR OMISSIONS OF NEGLIGENCE OR WRONGDOING OF THE INDEMNIFIED PARTY. 

11. Limitation of Liability. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, NEITHER SELLER NOR BUYER SHALL BE
LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL OR CONSEQUENTIAL LOSSES OR DAMAGES, SPECIAL OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, WHICH ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE PERFORMANCE OR BREACH THEREOF WHETHER IN CONTRACT, TORT OR
OTHERWISE. 
 12. Taxes. 
 (a) Unless otherwise specifically provided in this Agreement, Seller shall be liable for any and all Taxes with respect to the Products delivered hereunder, the taxable incident of which occurs before the
transfer of title to the Products to Buyer. Unless otherwise specifically provided in this Agreement, Buyer shall be liable for any and all Taxes with respect to the Products delivered hereunder, the taxable incident of which occurs after transfer
of title to the Products to Buyer. If any ad valorem or personal property taxes are assessed against Products sold hereunder, the Party having title to the Products at the time such tax liability is assessed shall be responsible for payment of such
taxes. 
 (b) Unless specifically provided in the Agreement, any and all Taxes the taxable incident of which is the transfer of
title, regardless of the character, method of 

  
 Exhibit D,
Page 9 

 
calculation or measure of the levy or assessment, shall be paid by the Party upon which the Tax is imposed by the applicable taxing authority. To the extent a Party (“X”) is required by
Applicable Law to pay or remit certain Taxes on behalf of the other Party (“Y”) or X otherwise pays Taxes for which Y is liable, Y shall reimburse X to the extent X paid such Taxes. Y’s reimbursements of Taxes to X shall be grossed up
as necessary to return to X, after payment of any taxes thereon, the amount actually paid by X. A Party shall not be responsible for any penalties or interest related to the obligations of the other Party in respect of Taxes to the extent such
penalties or interest accrue based on the actions or inactions of the other Party. 
 (c) If Buyer claims exemption from any of
the aforesaid Taxes, then Buyer, in lieu of payment of or reimbursement of such Taxes to Seller, shall furnish Seller with a properly completed and executed exemption certificate in the form prescribed by the appropriate taxing authority. Buyer
shall promptly notify Seller in writing of any change in the status of its exemption. 
 (d) Each Party shall provide to the
other Party a properly executed Internal Revenue Service Form W-9 (or successor form), as appropriate, upon the execution of this Agreement and subsequently if the information in such form becomes materially inaccurate or such form expires or
becomes obsolete. Each Party further agrees to promptly deliver to the other Party any other tax form or certificate reasonably requested by the other Party. 
 13. Force Majeure. 
 (a) Affect of Force Majeure. Neither Party shall
be liable to the other Party if it is rendered unable by an event of Force Majeure to perform in whole or in part any obligation or condition under this Agreement, for so long as the event of Force Majeure exists and to the extent that performance
is hindered by the event of Force Majeure; provided, however, that the Party unable to perform shall use commercially reasonable efforts to avoid or remove the event of Force Majeure (provided, however, no Party shall be compelled to resolve any
strikes, lockouts or other industrial disputes other than as it shall determine to be in its best interests). During the period that a Party’s performance of its obligations under this Agreement has been suspended in whole or part by reason of
an event of Force Majeure, the other Party likewise may suspend the performance of all or part of its obligations to the extent that such suspension is commercially reasonable, except for any payment and indemnification obligations arising prior to
the occurrence of such Force Majeure event. 
 (b) Notice. If the event of Force Majeure renders either Party unable, in
whole or in part, to carry out its obligations under this Agreement, such Party (the “Notifying Party”) must give the other Party (the “Noticed Party”) notice and full particulars in writing as soon as practicable after the
occurrence of the causes relied upon, or give notice by telephone and follow such notice with a written confirmation within forty-eight (48) hours. 

  
 Exhibit D,
Page 10 

 (c) Termination. In the event that the period of suspension due to a Force Majeure
event shall continue in excess of 30 days from the date that notice of such event is given, and so long as such event is continuing, either Party, in its sole discretion, may terminate such affected transaction by written notice to the other Party,
and neither Party shall have any further liability to the other Party in respect of such transaction except for the rights and remedies previously accrued. 
 14. Independent Contractor. In performing their respective services pursuant to this Agreement, Seller and Buyer are acting solely as independent contractors maintaining complete control over their
respective employees, facilities, and operations. Neither Seller nor Buyer is authorized to take any action in any way whatsoever for or on behalf of the other, except as may be necessary to prevent injury to persons or property, or, in accordance
with this Agreement, to contain, reduce or clean up any spills that may occur. 
 15. Default. A Party will be in default if it:
(a) breaches this Agreement, and the breach is not cured within fifteen (15) business days after receiving notice from the non-defaulting Party; (b) is dissolved, other than pursuant to a consolidation, amalgamation or merger,
(c) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due, (d) makes a general assignment, arrangement or composition with or for the benefit of its
creditors, (e) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditor’s rights, or a petition
is presented for its winding-up or liquidation, (f) has a resolution passed for its winding-up, official management or liquidation, other than pursuant to a consolidation, amalgamation or merger, (g) seeks or becomes subject to the appointment
of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for all or substantially all of its assets, (h) has a secured party take possession of all or substantially all of its assets, or
has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all of its assets, (i) files an answer or other pleading admitting or failing to contest the allegations of
a petition filed against it in any proceeding of the foregoing nature or (j) takes any other action to authorize any of the actions set forth above. In the event of default, the non-defaulting Party may terminate this Agreement upon notice to the
defaulting Party. 
 16. Liquidation Clause. The Parties acknowledge that this Agreement is a “Forward Contract” as defined in
the Bankruptcy Code [(11 U.S.C. Sec. 101(25)]. If one Party (the “Defaulting Party”) (i) shall voluntarily file a petition in bankruptcy, reorganization, or receivership or shall be forced by its creditors into bankruptcy,
reorganization or receivership, (ii) becomes insolvent or incapable of paying its debts as they become due, or (iii) makes a general assignment for the benefit of creditors, the other Party (the “Liquidating Party”) shall
have the immediate right, exercisable in its sole discretion, to liquidate this Agreement and all other forward contracts as defined in the Bankruptcy Code then outstanding between the Parties (whether the Liquidating Party is Seller or Buyer
thereunder) by closing out all such contracts at the then current market prices so that each contract being liquidated is terminated except for the settlement payment referred to below. The Liquidating Party shall calculate the difference, if any,
between the price specified in each contract so liquidated, and the market price for the relevant commodity as of the date of liquidation (as determined by the Liquidating Party in any commercially reasonable manner), and aggregate or net such
settlement payments, as 

  
 Exhibit D,
Page 11 

 
appropriate, to a single liquidated amount. Payment of said settlement payment will be due and payable within one (1) Banking Day after reasonable notice of liquidation. The liquidation and
close-out of this Agreement and all other forward contracts is in addition to any other rights and remedies which the other Party may have. 

17. Miscellaneous. 
 (a)
Notices. Any notice required under this Agreement must be sent or transmitted by (a) United States mail, certified or registered, return receipt requested, (b) confirmed overnight courier service, or (c) confirmed facsimile
transmission properly addressed or transmitted to the address of the Party indicated below or to such other address or facsimile number as one Party shall provide to the other Party in accordance with this provision. All notices, consents, requests,
demands and other communications hereunder are to be in writing, and are deemed to have been duly given or made on the delivery date if delivery is made before or during applicable normal business hours or on the next Business Day if delivered after
applicable normal business hours. In the event a delivery/notice deadline falls on weekend or holiday, then the applicable deadline will be extended to include the first Business Day following such weekend or holiday. 

 

					
	If to Seller:	  	Seller
		  	Paulsboro Refining Company LLC
		  	1 Sylvan Way, 2nd floor
		  	Parsippany, NJ 07054-3887
		  	Attention:     Senior Vice President — General Counsel
		  	Telephone:	  	(973) 455-7500
		  	Facsimile:	  	(973) 455-7560
		
	If to Buyer:	  	Valero Marketing and Supply Company
		  	Attn: SVP Product Supply and Wholesale Marketing
		  	One Valero Way
		  	San Antonio, TX 78249-1616
		  	Fax: (210) 345-[            ]

 (b) No Waiver. No waiver of any right under this Agreement at any time will serve to waive of the
same right at any future date. 
 (c) Amendment. No amendment to this Agreement will be effective unless made in writing
and signed by an officer or other authorized representative of both Parties. 
 (d) Severability. If a provision of this
Agreement is unenforceable under any Applicable Law, that provision will be enforced to the maximum extent permitted by Applicable Law. The remaining provisions of this Agreement will continue in full force 

and effect. 
 (e)
Assignment. Buyer may not assign any of its rights, duties, or obligations provided for under this Agreement, in whole or in part, without the prior written consent of Seller, such approval not to unreasonably withheld. Any purported
assignment of this 

  
 Exhibit D,
Page 12 

 
Agreement in violation if this Section 17(e) will be void. The above notwithstanding, Buyer shall have the right to assign this Agreement to any Affiliate by providing written notice
of such assignment to Seller. 
 (f) Audit: Each Party and its duly authorized representatives shall have access during
customary business hours to the accounting records and other documents maintained by the other Party which relate to this Agreement and shall have the right to audit such records at any reasonable time or times within two (2) year after the
delivery/receipt of Product provided for in this Agreement. However, a Party can only conduct one audit per year, and the same year cannot be re-audited. 
 (g) Conflict of Interest. Neither Party will pay any commission, fee, or rebate to an employee of the other Party or favor an employee of the other Party with any gift or entertainment of
significant value. 
 (h) Choice of Law; Dispute Resolution: This Agreement shall be construed, interpreted and the rights
of the parties determined in accordance with the laws of the State of New York, exclusive of its conflict of laws principles. All controversies or disputes arising out of and related to this Agreement shall be resolved in accordance with the dispute
resolution procedures set forth in Exhibit D of the SPA. 
 (i) Jurisdiction; Consent to Service of Process;
Waiver: Each of the Parties hereto agrees, subject to Section 17(h), that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in
equity, exclusively in any Federal or state court in the New York, New York and solely in connection with such claims, if any, (i) irrevocably submits to the exclusive jurisdiction of such courts, (ii) waives any objection to laying venue
in any such action or proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and (iv) agrees that service of process upon it may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 17(a) of the Agreement. The foregoing consents to jurisdiction and service of process shall
not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any Person (as such term is defined in the SPA) other than the Parties hereto. Each
of the Parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any counterclaim therein. 

(j) Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original and part of
one and the same document. 
 (k) Entire Agreement. This Agreement represents the entire agreement of the Parties with
respect to the matters contemplated by this Agreement. 
 (l) Commissions and Gifts: No director, officer, employee or
agent of either Party shall give or receive any commission, fee, rebate, gift or entertainment of significant 

  
 Exhibit D,
Page 13 

 
value or cost in connection with this Agreement. Further, neither Party shall make any commission, fee, rebate, gift or entertainment of significant value or cost to any governmental official or
employee in connection with this Agreement. 
 (m) Construction. The following rules of construction will govern the
interpretation of this Agreement: (a) “days,” “months,” and “years” will mean calendar days, months and years unless otherwise indicated; (b) “including” does not limit the preceding word or phrase;
(c) section titles do not affect interpretation; (d) “hereof,” “herein,” and “hereunder” and words of similar meaning refer to this Agreement as a whole and not to any particular provision of this Agreement;
and (e) no rule of construction interpreting this Agreement against the drafter will apply. 
 [End of General Terms]

  
 Exhibit D,
Page 14 

 EXHIBIT E 
 TERMINALING SERVICES FOR INHAUL 
 1. In Hauling Services. During any Outage, Buyer shall
have the right to inhaul any and all Light Products to the Refinery sufficient to meet Buyer’s marketing requirements (all such Light Products which Seller inhauls shall be referred to as the “Inhaul Products”) and Seller shall
perform the following services for Buyer: (i) receipt of the Inhaul Products by Vessel, truck or pipeline, (ii) storage, handling and blending of the Inhaul Products, (iii) redelivery of the Inhaul Products to Buyer via pump over to the
NuStar Terminal Truck Rack as provided in the Agreement; (iii) vapor recovery of the Inhaul Products as required by Applicable Law; and (iv) such other services as the Parties may mutually agree upon (collectively, the “Inhaul
Services”). Seller will provide the labor and supervision necessary to perform the Inhaul Services and will provide and maintain the equipment necessary to perform the Inhaul Services contemplated by this Exhibit E. 

2. Description of Facilities. As part of the Inhaul Services and in accordance with the terms and conditions set forth in this Exhibit E, Seller
shall provide, operate and maintain at the Refinery for Buyer’s use, adequate tanks for storage of the Inhaul Products (the “Tanks”). Buyer shall also have the right to use the Docks, pipelines, gauges, pumps and related
appurtenances sufficient to receive Inhaul Products from the Docks into the Tanks and thereafter deliver such Inhaul Products from the Tanks to the NuStar Terminal (collectively the “Inhaul Facilities”). Subject to the terms of this
Exhibit E, the Inhaul Facilities shall be available and accessible for Vessel receipt twenty-four (24) hours per day, seven (7) days per week. All such Inhaul Facilities shall be maintained by Seller at its cost and expense consistent with
good industry practice. 
 3. Inhaul Product Specifications. The Inhaul Products received hereunder for delivery into the Tanks shall
meet the same specification set forth in Exhibit A to the Agreement for the Light Products (the “Inhaul Specifications”) as may be modified from time to time with the mutual, written consent of the Parties. Seller shall have no
obligation to receive and handle any Inhaul Products which do not meet the Inhaul Specifications. Seller or any of its Affiliates may impose other limitations on the Inhaul Products in order to (i) comply with Applicable Laws, including
environmental permits, (ii) protect health and safety, and (iii) protect the pumps, pipes, tanks, and other equipment at the Refinery. 
 4. Sampling and Testing. Seller may sample and test (or cause to be sampled and/or tested) any Inhaul Product being delivered into or stored at the Refinery in order to verify Buyer’s
compliance with this Agreement and to maintain the quality of the lnhaul Products. If the Inhaul Products do not meet the Inhaul Specifications when delivered to the Refinery, Buyer will be responsible for the cost of all sampling, testing,
handling, blending and removal conducted by or on behalf of Seller. Testing conducted by or on behalf of Seller will be done in accordance with then-current ASTM procedures. Seller will provide (or arrange to provide) Buyer with a copy of any
testing reports produced or obtained by Seller regarding any Inhaul Product. 

  
 Exhibit E,
Page 1 

 5. Title and Risk of Loss. Title to Buyer’s Inhaul Products will remain with Buyer at all times.
For Vessel receipts at the Refinery, custody of Inhaul Products shall pass to Seller upon receipt at the Refinery when the Inhaul Product passes the last permanent Vessel flange into the Refinery discharge hoses. When Inhaul Products are delivered
to Buyer via pump over to the NuStar Terminal, custody of the Inhaul Products shall pass back to Buyer at the custody transfer meter located on the pipeline connecting the Refinery to the NuStar Terminal. 

6. Inhaul Product Measurement. Seller will measure the quantity of the Inhaul Product received and delivered at the Refinery in accordance with
API procedures, including temperature correction to 60° Fahrenheit, and measurements made by Seller will be binding on Buyer absent fraud or manifest error. Buyer may witness, or appoint an inspector reasonably acceptable to Seller to witness,
measurements taken by Seller. The following measurement methods will apply: 
 (a) Vessel. Seller will measure the
quantity of Inhaul Products received at the Refinery by Vessel by using one of the following methods, in descending order of preference: (a) shore meter, if available; (b) gauging the Refinery’s Tanks, or (c) the Vessel volume
with qualified VEF will apply with qualified load VEF when Vessel receives and qualified discharge VEF when Vessel delivers. All deliveries of Inhaul Products to the Refinery by Vessel shall be on Vessels vetted by Buyer. 

All meters, provers and other gauging equipment owned and operated by Seller shall be operated and maintained in good working condition by Seller, at
Seller’s sole cost and expense, in accordance with API’s Manual of Petroleum Measurement Standards, as may be amended by API from time to time. With reasonable advance notice, such equipment may be inspected and tested at any and all
reasonable times, at Buyer’s sole cost and expense, by any duly authorized representative of Buyer. 
 7. Delivery and Receipt.
Except for carriers loaded with an automated loading rack, Buyer will schedule Inhaul Products deliveries and receipts with Seller in advance. Buyer acknowledges and agrees that since the Inhaul Facilities will be shared with Seller and [REDACTED]
if [REDACTED] elects to inhaul under the [REDACTED], reasonable scheduling requirements may be adopted by Seller to accommodate the Inhaul Products and the other products that Seller or [REDACTED] is receiving and delivering at the Refinery.

 8. Product Loss. 
 (a) Except for normal handling and evaporation losses which are provided for in Section 9(c) below, and subject to the remedies and limitations set forth in Section 9(c) below, Seller will only
be liable to Buyer for any contamination, damage, degradation, misdelivery or loss of Inhaul Product while such Inhaul Product is in the custody of Seller, unless Seller establishes that any such contamination, damage, degradation, misdelivery or
loss was not the result of Seller’s or its employee’s, contractor’s or agent’s, gross negligence, willful misconduct or breach of this Agreement, provided, however, Buyer must make any claims for the contamination, damage,
degradation misdelivery, or loss of Inhaul Product by notice to Seller within ninety (90) days of the date that Buyer knew or should have known of the contamination, damage, degradation, 

  
 Exhibit E,
Page 2 

 
misdelivery or loss, absent fraud. If pursuant to this Section 9, Seller is liable for Buyer’s claim for contamination, damage, degradation, misdelivery, or loss of Inhaul Product, at
Seller’s option, Seller will either (1) replace Product of like kind and quality at the Refinery or some agreed location, (2) reimburse Buyer for the value of the Inhaul Product so contaminated or lost, or (3) restore Product to
receipt quality. 
 (b) Seller’s liability arising out of the contamination, damage, degradation, misdelivery or loss of
Inhaul Product will not exceed the fair market value for an equivalent quantity of undamaged Inhaul Product less (except in the case of normal handling and evaporation losses): the fair market salvage value of the contaminated, damaged, or degraded
Inhaul Product. Fair market value will be determined using the Argus posted price, as applicable, based on the seven (7) day wrap average price around the date the loss occurred, which shall mean the average of the applicable posted prices for
the three (3) days prior to, the day of, and the three (3) days after, the date the loss occurred. The seven (7) day wrap average price shall be calculated for the seven (7) consecutive days on which Argus post prices for the
Inhaul Product. In the event Argus does not post a price for the relevant Inhaul Product, the Parties will select a mutually agreeable price proxy for the purposes of determining fair market value. 

(c) Seller shall only be responsible to Buyer for normal handling and evaporation losses in excess of one-half of one percent (0.5%) of
the quantity of Inhaul Products received at the Refinery for Buyer’s account during such calendar year (the “Loss Allowance”). As soon as reasonably possible after the end of each month during the Term of this Agreement, Seller
shall account to Buyer for the Inhaul Products so received by custody transfer document based on mode of delivery during the previous month. Seller shall be liable to Buyer, as is hereafter provided, for the net difference between all quantities of
Buyer’s Inhaul Products so received at the Refinery and the quantities of all of Buyer’s Inhaul Products in inventory and loaded out of the Refinery during such month, less the Loss Allowance and the quantity of any such petroleum Inhaul
Products reasonably used for line flushings, rack meter provings, product downgrades upon receipt, or product sampling in connection with the operations conducted by Seller. Seller shall account to Buyer as soon reasonably possible after the
termination of the Inhaul Services. 
 9. Nominations and Demurrage on Trucks and Vessels. 

(a) Buyer will arrange with Seller for the delivery of all Inhaul Products at the Docks by one or more Vessels nominated by Buyer which
have been vetted and otherwise approved in advance by Seller in accordance with the terms of this Agreement. All movements and receipts or deliveries of the Inhaul Products hereunder, whether by tank transfer, tank truck, or Vessel, shall be on a
nonpreferential, first come/first served basis, and Seller shall not be responsible for any loss, damage, demurrage, or expense due to delay in loading or unloading the Inhaul Products, except for any delays caused by Seller’s gross negligence
or intentional misconduct. 
 (b) Buyer shall exercise reasonable business efforts to give Seller at least seven (7) days
advance notice of the arrival of each Vessel and at least twelve (12) hours advance 

  
 Exhibit E,
Page 3 

 
notice of the arrival of each barge making deliveries of Inhaul Products into the Terminal, specifying the quantity and nature of Inhaul Products into the storage hereunder. Such Vessels will be
accommodated with every vessel using the Terminal in the order of arrival. Vessels loading or discharging for Buyer’s account will be subject to Seller’s applicable dock rules as they may be in effect from time to time and such Vessels
will proceed to and from the Docks with promptness and dispatch. The tankers, barges and vessels will load or unload, as the case may be, on a continuous basis. 
 (c) Buyer acknowledges that the berthing of Vessels at the Docks is subject to the limitations, restrictions, instructions and directives of the local port and harbor authorities. Subject to such
limitations as may be imposed by those government agencies, Seller will cooperate with Buyer to assist Buyer in avoiding or minimizing such costs, including, giving priority to the unloading of Product out of Vessels incurring demurrage charges as
and when reasonable under the circumstances and maintaining service to all customers including Buyer on a first come/first served basis. 
 (d) Additional conditions concerning Vessels into or from the Refinery shall be in accordance with the Marine Provisions. 

  
 Exhibit E,
Page 4 

 EXHIBIT F 
 ASPHALT MARINE TERMS 
  

	1.	Pre-Arrival Information 

In addition to the notice requirement contained in [XV] the Buyer shall also: 

 

	 	A.	The Buyer shall also give notice in writing to the Seller of the ETA of any scheduled vessel or barge at 72, 48, 24 and 6 hours before the expected arrival at the
Seller’s facility. 

  

	 	B.	The Buyer shall promptly notify the Seller in writing about a new ETA if the ETA advances or recedes by two (2) hours or more after the twenty-four (24) hour
ETA notice has been given. 

  

	 	C.	The Buyer shall furnish, as reasonably requested by the Seller, additional data in writing, about the vessel or barges dimensions, seaworthiness, equipment and
certificates, as well as the nature and estimated duration of the anticipated cargo handling and other operations at the Seller’s facility, such information to be actually received by the Seller not later than twenty-four (24) hours before
the vessel’s arrival at the Seller’s facility. The Buyer shall supply to the Seller copies of Bills of Lading, Material Safety Data Sheets (MSDS) or other shipping papers as reasonably requested by the Seller. 

 

	 	D.	The Buyer shall exercise reasonable diligence to ensure that the vessel they have nominated has passed the Buyer’s vetting procedures. The Seller maintains the
right to refuse docking of a vessel if it reasonably deems that vessel to be unsafe. 

  

	2.	Vessel Requirements 

Seller will not unreasonably reject a vessel nomination. Vessel acceptance or rejection shall be communicated by Seller to Buyer within a
reasonable time frame. Additionally: 
  

	 	A.	The Buyer shall exercise reasonable diligence to ensure that, throughout the cargo transfer operation, the vessel or barge shall fully comply, or hold authorized
waivers for non-compliance, with all applicable U.S. Coast Guard regulations in effect as of the date vessel berths. 

  

	 	B.	The Buyer shall exercise reasonable diligence to ensure that the vessel complies with the U.S. Federal Water Pollution Control Act, as amended, the U.S. Federal Oil
Pollution Control Act of 1990 (OPA90) and regulations issued pursuant thereto effective during the term of this Agreement, and have secured and carry onboard the vessel a current U.S. Coast Guard Certificate of Financial Responsibility (COFR)(Water
Pollution). 

  

	3.	Docked Vessel Operations 

The Seller may instruct the Buyer’s marine vessel or barge to vacate her berth if it appears that the vessel will not, because of
disability or any other cause on the part of the vessel, be able to complete loading or discharge in a timely matter or if the vessel fails to comply with the Seller’s rules and regulations or there is a deficiency in the vessel’s safety
or environmental systems. If the vessel does not vacate the berth following said instructions, the Buyer agrees to reimburse the Seller for any consequential claims the Seller is required to pay other parties upon receipt of proper supporting
documents. 
  

	4.	Safe Berth and Passage 

  

	 	A.	 The Seller warrants a safe berth to which the vessel may proceed to, lie at, and depart from always safely afloat. However, if the vessel cannot, in
the Seller’s sole opinion, maintain its mooring safely at the dock, then the Seller at its sole discretion may order hold-in tugs, and the cost of such tugs shall be for the Buyer’s account. Dockage and service fees, including mooring,
booming, fresh water, steam 

  
 1 

	 	
and oily slops receipts will be charged to the Buyer. In addition, all duties and other charges on the vessel, including, without limitation, those incurred for tugs and pilots, and other port
costs shall be for the Buyer’s account. 

  

	 	B.	Notwithstanding anything contained in this clause or Agreement, the Seller does not warrant the safety or draft of public channels, fairways, approaches thereto,
anchorages or other publicly-maintained area either inside or outside the port area where the vessel may be directed. Seller shall not be liable for (i) any loss, damage, injury or delay to vessel resulting from the use of such waterways not
caused by the Seller’s fault or negligence or which could have been avoided by the exercise of reasonable care on the part of the vessel or its master, or (ii) any damage to vessel’s at the Seller’s facility caused by other
vessels passing in the waterway. 

  

	5.	Drug and Alcohol 

  

	 	A.	Buyer shall exercise reasonable diligence to ensure that the owners of barges and U.S. flag vessels have in force a Drug and Alcohol Policy that meets or exceeds the
standards set forth by the U.S. Coast Guard Regulations, and any other applicable federal, state or local laws., 

  

	 	B.	Buyer shall exercise reasonable diligence to ensure that the owners of non U.S. flag vessels or barges have in force a Drug and Alcohol Policy that meets or exceeds the
standards set forth by their flag state and also meets or exceeds the standards set forth in the most recent edition of the “Guidelines for the Control of Drugs and Alcohol on Board Ships” as published by the Oil Companies International
Marine Forum (OCIMF). 

  

	6.	Shore Tank Availability 

Seller has the right to restrict or modify berthing times based on the availability of shore tank ullage. Seller will make every effort to
communicate to the Buyer any anticipated issues with shore tank or ullage availability but it shall be the Buyer’s responsibility to monitor and manage Buyer’s leased tankage to ensure ullage is available for marine receipts. Any costs
related to berthing time changes due to ullage availability will be to Buyer’s account. 

  
 2 

 Exhibit I to Stock Purchase Agreement 

TRANSITION SERVICES AGREEMENT 
 THIS TRANSITION SERVICES AGREEMENT (the “Agreement”) dated December 17, 2010, is made and entered into by and between VALERO REFINING AND MARKETING COMPANY, a Delaware
corporation (“Seller”), and PBF HOLDING COMPANY LLC, a Delaware corporation (“Buyer”), (each a “Party” and collectively, the “Parties”). Capitalized terms used but not
defined herein shall have meanings assigned to them in the SPA (as that term is defined below). 
 Introduction

 Buyer and Seller have entered into a Stock Purchase Agreement dated as of September 24, 2010 (the
“SPA”), pursuant to which Buyer has acquired the Shares and thus, indirectly, the Refinery and the Business. 

Buyer has requested that Seller and its Affiliates, as appropriate, provide certain services to Buyer and Buyer’s Affiliates for the
period provided for herein to help facilitate the continued operation of the Business until such time as Buyer and its Affiliates have fully transitioned all aspects of running the Business over to Buyer’s personnel, systems, policies and
procedures. 
 Seller has agreed to provide (or cause to be provided by its Affiliates or otherwise) the services described in
this Agreement, according to its terms and conditions. 
 NOW, THEREFORE, in consideration of the foregoing premises, and the
mutual promises and covenants hereinafter contained, the Parties hereto, subject to the terms and conditions hereinafter set forth, agree as follows: 
 SECTION 1. SERVICES PROVIDED BY SELLER TO BUYER 
 In order to
continue the operation of the Business and to facilitate the orderly and effective transition of the Business from Seller to Buyer, Seller and its Affiliates shall use commercially reasonable efforts to provide Buyer and its Affiliates with certain
services (collectively, the “Services”) to the extent such Services may be reasonably requested by Buyer from time to time for the term of this Agreement. 
 The Services are set forth in Exhibit A, a copy of which is attached to and made a part of this Agreement. The applicable rates, fees and charges associated with each Service are also set forth in
Exhibit A. The hourly rates in Exhibit A for Services to be performed by employees of Seller and its Affiliates are based upon fully loaded rates contained in Seller’s and its Affiliates’ 2007 budgets, and do not include a
profit component. Any provision by Seller of services not specifically detailed in Exhibit A must be mutually agreed upon in advance in a written amendment to this Agreement containing the scope, rates, fees and charges associated with such
additional services. Seller reserves the right to outsource any Services by way of third party contracts, and such Services shall be billed to Buyer on a cost pass-through basis, without mark-up. 

  
 1 

 SECTION 2. PERFORMANCE OF SERVICES 

2.1 Manner of Performance. Seller agrees that it shall use commercially reasonable efforts to cause its personnel
who previously supported the Business prior to the Closing Date to perform the Services with the same degree of care, skill, confidentiality and diligence with which such personnel perform similar services for Seller and its Affiliates. Seller shall
not be required to add staff, equipment, facilities or other resources in order to provide any Service. If a dispute arises over the nature or quality of the Services, the prior practice of Seller with respect to the Services (since the time of
Seller’s acquisition by Valero Energy Corporation), as determined from the books and records of Seller relating to the Business, shall be conclusive as to the nature and quality of the Services. 

2.2 Provision of Information. Any data, information, equipment or general directions necessary for Seller or any of
its Affiliates to perform the Services shall be submitted by Buyer or its Affiliates in a timely manner. Information, data and directions to be provided by Seller and its Affiliates as part of the Services shall likewise be provided to Buyer in a
timely manner. 
 2.3 Termination of Any Service. The termination of any one or more of the specific
Services shall have no impact on Seller’s obligation to continue to provide any other Services. 
 2.4 Laws and
Regulations. Seller and Buyer acknowledge that the Services shall be provided only with respect to the Business. Buyer represents and agrees that it and its Affiliates will use the Services provided hereunder only in accordance with all
applicable federal, state and local laws and regulations, and in accordance with the conditions, rules, regulations and specifications which may be set forth in any manuals, materials, documents or instructions made available or communicated by
Seller to Buyer or any of its Affiliates on an ongoing basis throughout the term of this Agreement. In performing the Services, Seller will comply and will cause its Affiliates to comply, with all applicable federal, state and local laws and
regulations. Seller reserves the right to take all actions, including termination of any particular Service or Services, that Seller reasonably believes to be necessary to assure compliance with applicable laws and regulations (including
specifically, but without limitation, any applicable antitrust laws and regulations); provided, however, that Seller will provide Buyer with as much prior notice as practical before taking any such action. 

2.5 Modification of Service Levels. While the Parties recognize that Buyer will initially need considerable
assistance with the operation of the Business, they also acknowledge that Buyer’s goal is to steadily increase its ability to operate the Business without Seller’s and its Affiliates’ assistance. In furtherance of such goal, prior to
the end of the sixth calendar month following the Closing Date and prior to the end of each calendar month thereafter, the Parties will review the Services provided to discuss whether the Services will remain at the same level or decrease during the
next immediately succeeding month. Buyer will notify Seller in writing of any Service reduction or termination of Services pursuant to Section 8. Buyer will use commercially reasonable efforts to transition from the Services to self-operation
as soon as reasonably possible, and will accordingly strive to reduce or terminate, pursuant to this Section 2.5 and Section 8, each Service as soon as practicable. 

  
 2 

 SECTION 3. CHARGES FOR SERVICES 

From and after the date of this Agreement and throughout the term of this Agreement, Buyer agrees to pay to Seller on a monthly basis the
service fees set forth on Exhibit A. Monthly charges for a month that includes the Closing Date or a termination date for the Agreement or any individual Service shall be prorated, based on the number of days such Services are provided in
such partial month. 
 SECTION 4. PAYMENT OF CHARGES AND REIMBURSEMENTS 

On or before the 15th day of each month during the term of this Agreement, Seller shall make a diligent effort to submit to Buyer (or its
designee) an invoice for the Services provided hereunder during the immediately preceding calendar month representing amounts determined in accordance with Section 3, above, if any. Subject to Section 5.2, and except for amounts being
disputed by Buyer in good faith, Buyer shall remit payment within thirty (30) days after its receipt of such invoice. Unless otherwise agreed to in writing, Buyer shall remit all funds due under this Agreement to Seller (or its designee) either
by wire transfer or Automated Clearing House (ACH) in immediately available funds based on the instructions set forth in Exhibit B, a copy of which is attached to and made a part of this Agreement. 

If either Seller or any of its Affiliates incurs any reasonable out-of-pocket expense or remits funds to a third party on behalf of Buyer
or any of its Affiliates, in either case in connection with the rendering of any Service, then Seller shall include such amount on its monthly statement to Buyer, and Buyer will reimburse that amount to Seller (or its designee) as part of its
monthly payment. 
 SECTION 5. RECORDS AND AUDITS 

5.1 Records Maintenance and Audits. Seller shall, for the time period required by applicable law after
the termination of this Agreement, maintain records and other evidence sufficient to accurately and properly reflect the performance of the Services hereunder and the amounts due determined in accordance with Section 3 hereof. Buyer 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 Buyer shall be at Buyer’s sole cost and expense. Buyer shall have the right to audit Seller’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 Seller or any of its Affiliates with third parties limit the audit period to less than one year. 
 5.2 Disputed Amounts. In the event of a good-faith dispute as to the amount and/or propriety of any invoices or any portions thereof submitted pursuant to Sections 3 and
4, if any, Buyer shall pay all undisputed charges on such invoice, but shall be entitled to withhold payment of any amount in dispute and shall promptly notify Seller in writing of such disputed amounts and the reasons each such charge is disputed.
Upon written request, Seller shall use commercially 

  
 3 

 
reasonable efforts to provide Buyer with sufficient records relating to the disputed charge so as to enable the Parties to resolve the dispute. In the event the Parties are unable to resolve the
dispute within 30 days after the invoice becomes due, the matter shall be submitted to Grant Thornton LLP, or such other accounting firm as the Parties shall agree. The fees and expenses related to such resolution of the dispute by such firm shall
be borne 50% by Buyer and 50% by Seller. Buyer shall remit payment of the amount determined by such firm to be properly payable not later than ten (10) days following such determination, together with interest thereon calculated daily at the
Applicable Rate. In the event of any overpayments by Buyer, Seller agrees to promptly (a) refund any such overpaid amount to Buyer, as well as (b) pay interest on the overpayment calculated daily at the Applicable Rate. The determination
of such accounting firm in resolution of the dispute shall be final and binding upon the Parties and enforceable by either Party in any court of competent jurisdiction, absent fraud or manifest error. So long as the Parties are attempting to resolve
the dispute, neither Party shall be entitled to terminate the Services related to, or the cause of, the disputed amounts. 
 5.3
Undisputed Amounts. Any statement or payment not disputed in writing by Seller or Buyer, as applicable, within one (1) year of the date of such statement or payment shall be considered final and no longer
subject to dispute or adjustment. 
 SECTION 6. CONFIDENTIALITY 

Each Party acknowledges that in connection with its performance under this Agreement, it may gain access to confidential material and
information that is proprietary to the other Party. Unless otherwise required by applicable law, each Party agrees: 
 (a) to
hold such material and information in strict confidence and not make use thereof other than for performance under or enforcement of this Agreement or the operation of the Business; 

(b) to reveal such material and information only to those employees and contractors requiring such information in connection with the
performance of the Services or the operation of the Business only after such employees agree to be bound by the provisions of this confidentiality provision; and 
 (c) not to reveal such material and information to any third person, except as necessary in connection with the performance or evaluation of the Services or the operation of the Business, and then only to
the extent that such persons agree to be bound by the confidentiality obligations set forth herein. 
 This confidentiality
provision shall survive for a period of two (2) years following the expiration or termination of this Agreement. 

  
 4 

 SECTION 7. TERM OF AGREEMENT 

Unless sooner terminated pursuant to Section 8 hereof, this Agreement shall be for a term commencing on the
Closing Date and ending on the last day of the twelfth
(12th) calendar month following the month in which
the Closing Date occurs. 
 SECTION 8. TERMINATION 

8.1 Termination of Agreement. At any time, Buyer may terminate this Agreement for any
reason whatsoever by giving Seller at least ten (10) days’ prior written notice to that effect. Buyer shall pay Seller for all charges determined pursuant to Section 3 and incurred up to the date of such termination. Subject to
Section 5, Seller may also terminate this Agreement if Buyer does not tender payment of all undisputed amounts for the Services within ten (10) days after Buyer is given written notice of a failure to pay. 

8.2 Termination of Services. At any time or from time to time, Buyer may terminate any one or more of the specific
Services provided hereunder by giving Seller at least ten (10) days’ prior written notice to that effect. Either Party may terminate any one or more of the specific Services if the providing of such Service would violate any applicable
regulation, statute, ordinance or other law; provided, however, that Seller shall give Buyer as much prior notice as practical before taking any such action. 
 SECTION 9. MISCELLANEOUS 
 9.1 Assignment.
Neither Party shall assign, in whole or in part, any of the rights, obligations or benefits arising under this Agreement without the prior written consent of the other Party, except by operation of applicable law, except that either Party
may assign its rights, obligations and benefits hereunder to any Affiliate of such Party, provided the assigning Party shall continue to remain jointly and severally liable for all of its assignee’s obligations hereunder. 

9.2 Force Majeure. Seller shall not have any obligation to perform any specific Service hereunder if its failure to
do so is caused by or results from any act of God, governmental action, natural disaster, strikes, terrorism, war, insurrection or any other cause or circumstances beyond its control. During the term of the force majeure, Buyer shall not have an
obligation to pay for the specific Service that is subject to the force majeure. 

  
 5 

 9.3 Notices. All notices and other communications that are required to
be or may be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered in person or by courier or mailed by registered or certified mail (postage prepaid, return receipt requested) to the relevant
Party hereto at the following addresses or sent by facsimile to the following numbers: 
  

					
	If to Seller:
		
		    	Valero Refining and Marketing Company
		    	c/o Valero Energy Corporation
		    	One Valero Way
		    	San Antonio, Texas 78249-1616
		    	Attention:     General Counsel
		    	Telephone:	 	(210) 345-2246
		    	Facsimile:	 	(210) 345-5889
	
	If to Buyer:
		
		    	Paulsboro Refining Company LLC
		    	1 Sylvan Way, 2nd floor
		    	Parsippany, NJ 07054-3887
		    	Attention:     Senior Vice President — General Counsel
		    	Telephone:	 	(973)455-7500
		    	Facsimile:	 	(973) 455-7560

 or to such other address or facsimile number as Seller or Buyer may, from time to time, designate in a written notice
given in accordance with this Section 9.3. Any such notice or communication shall be effective (a) if delivered in person or by courier, upon actual receipt by the intended recipient, (b) if sent by facsimile transmission, upon actual
receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if not received during recipient’s normal business hours, or (c) if mailed, upon the earlier
of five days after deposit in the mail and the date of delivery as shown by the return receipt therefor. 
 9.4
Severability. In the event any portion of this Agreement shall be found by a court of competent jurisdiction to be unenforceable, that portion of this Agreement will be null and void and the remainder of this
Agreement will be binding on the Parties as if the unenforceable provisions had never been contained herein. 
 9.5
Waiver. No waiver by either Party of any term or breach of this Agreement shall be construed as a waiver of any other term or breach hereof or of the same or a similar term or breach on any other occasion. 

9.6 Amendment. No modification or amendment of this Agreement shall be binding upon either Party unless in writing
and signed by the Parties hereto. 
 9.7 Entire Agreement. This Agreement, together with all exhibits
attached thereto, constitutes the entire agreement between the Parties pertaining to the subject matter hereof, and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties hereto
regarding the subject matter hereof. 

  
 6 

 9.8 Warranty. SELLER DOES NOT MAKE, AND EXPRESSLY DISCLAIMS, ANY
WARRANTIES OR REPRESENTATIONS EXPRESSED OR IMPLIED, WITH RESPECT TO THE SERVICES INCLUDING, WITHOUT LIMITATION, FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY. 
 9.9. Limitation of Liability. NEITHER PARTY NOR ANY OF ITS AFFILIATES SHALL BE LIABLE TO THE OTHER OR THE OTHER’S AFFILIATES FOR ANY INCIDENTAL, INDIRECT, SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY KIND OR NATURE WHATSOEVER, INCLUDING LOST PROFITS AND GOODWILL, EXCEPT TO THE EXTENT THE SAME ARE PAYABLE BY A PARTY OR ITS AFFILIATES TO AN UNAFFILIATED THIRD PARTY AND ARE COVERED BY THE OTHER
PARTY’S INDEMNIFICATION OBLIGATIONS HEREUNDER. SELLER’S AND ITS AFFILIATES’ COLLECTIVE MAXIMUM LIABILITY TO BUYER WITH RESPECT TO ALL CLAIMS ARISING OUT OF THIS AGREEMENT SHALL BE LIMITED IN THE AGGREGATE TO THE AMOUNT PAYABLE
HEREUNDER BY BUYER OR ANY OF ITS AFFILIATES. SELLER’S LIABILITY FOR DIRECT DAMAGES SHALL NOT EXCEED THE AMOUNT OF FEES PAID TO SELLER UNDER THIS AGREEMENT. 
 9.10 Indemnification. Each Party shall release, defend (upon the other Party’s request), protect, indemnity and save the other Party harmless from and against all liability,
claims, costs, expenses, demands, suits and causes of action of every kind and character arising in favor of or against such Party, its employees, contractors or agents, on account of personal injuries to or death of any person, or damages to or the
loss or destruction of property, to the extent incident to or in connection with or arising out of: (a) the presence of any of such Party’s employees, contractors or agents on the other Party’s premises, or (b) the negligent act
or omission of such Party or its employees, contractors or agents. The foregoing specifically includes, but is not limited to, environmental claims, but shall not be interpreted to require either Party to indemnify the other Party against the gross
negligence or willful misconduct of a Party, its employees, contractors or agents. 
 9.11 Independent
Contractor: The Parties hereto agree that the Services rendered by Seller or any of its Affiliates in the fulfillment of the terms and obligations of this Agreement shall be as an independent contractor and not as an employee of Buyer
and with respect thereto, Seller, Seller’s Affiliates and their respective employees, contractors or agents are not entitled to the benefits provided by Buyer to its employees including, but not limited to, its group insurance and participation
in any employee benefit and pension plans maintained by Buyer. Further, nothing stated in this Agreement shall be construed to make Seller or any of its Affiliates an agent, partner or joint venturer of or with Buyer or any of its Affiliates. No
employee, contractor or agent of either Seller or any of its Affiliates shall represent himself to third persons to be other than an independent contractor of Buyer or any of its Affiliates, nor shall he permit himself to offer or agree to incur or
assume any obligations or commitments in the name of Buyer or for Buyer without the prior consent and authorization of Buyer. 

9.12 No Fiduciary Relationship. It is expressly understood and agreed that this Agreement is a purely commercial
transaction between Seller and Buyer and that nothing stated herein shall operate to create any special or fiduciary duty that either Seller or any of its Affiliates 

  
 7 

 
shall owe to Buyer or vice versa. Nothing stated herein shall obligate or require Seller to do anything which Seller deems to be detrimental or injurious to any other business or commercial
activities of either Seller or any of its Affiliates, and it is expressly understood and agreed that Seller shall be obliged to exert only commercially reasonable efforts in providing Services hereunder. 

9.13 Applicable Law; Dispute Resolution. This Agreement shall be governed by and be construed in accordance with the
laws of the State of New York, exclusive of its conflict of laws principles. All controversies or disputes arising out of and related to this Agreement shall be resolved in accordance with the dispute resolution procedures set forth in Exhibit D of
the SPA. 
 9.14. Jurisdiction; Consent to Service of Process; Waiver. Each of the Parties hereto agrees to
the jurisdiction, subject to Section 9.13, that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement, whether in tort or contract or at law or in equity, exclusively in any Federal or state
court in the State of New York and solely in connection with claims arising under such agreement or instrument or the transactions contained in or contemplated by such agreement or instrument, (i) irrevocably submits to the exclusive
jurisdiction of such courts, (ii) waives any objection to laying venue in any such action or proceeding in such courts, (iii) waives any objection that such courts are an inconvenient forum or do not have jurisdiction over it and
(iv) agrees that service of process upon it may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address specified in Section 9.3 of the
Agreement. The foregoing consents to jurisdiction and service of process shall not constitute general consents to service of process in the State of New York for any purpose except as provided herein and shall not be deemed to confer rights on any
Person (as such term in the SPA) other than the Parties hereto. Each of the Parties hereto knowingly and intentionally, irrevocably and unconditionally waives trial by jury in any legal action or proceeding relating to this Agreement and for any
counterclaim therein. 
 9.15 Availability of Equitable Relief. Each of the Parties hereto recognizes that
irreparable injury will result from a breach of any provision of this Agreement and that money damages will be inadequate to fully remedy the injury. In order to prevent such irreparable injury, the arbitrators selected pursuant to Section 9.13
shall have the power to grant temporary or permanent injunctive or other equitable relief. Notwithstanding Section 9.13, prior to the appointment of the arbitrators, a party hereto may, subject to Section 9.14, seek temporary injunctive
relief from any court of competent jurisdiction; provided that the party seeking such relief shall (if arbitration has not already been commenced) simultaneously commence arbitration in compliance with the dispute resolution procedures. Such court
ordered relief shall not continue more than 10 days after the appointment of the arbitrators (or in any event for longer than 60 days). 
 9.16 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the
same instrument. 
 9.17 Conflict of Terms. If the terms of this Agreement conflict with terms of the SPA
with respect to any matter, then the terms of the SPA will control. 
 [Signature page follows] 

  
 8 

 The Parties hereto have executed this Agreement on the date first above written, to be
effective as of the Closing Date. 
  

			
	VALERO REFINING AND MARKETING
COMPANY
		
	By:	 	  

		 	S. Eugene Edwards
		 	Executive Vice President
	
	PBF HOLDING COMPANY LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to Transition Services Agreement] 

 EXHIBIT A 
 SERVICES PROVIDED BY SELLER TO BUYER 
 AND 

APPLICABLE RATES, FEES AND CHARGES 
 GENERAL PRINCIPLES 
  

	I.	Rates and Expenses 

 Services will
be performed at the following rates, plus any applicable taxes imposed on the performance of such services: the rate for all Services shall be $[REDACTED] per hour; provided, however, that on the first day of the sixth calendar month after the
Closing Date the rate for all services will increase to $[REDACTED] per hour and on the first date of the ninth calendar month after the Closing Date, the rate for all services will increase to $[REDACTED] per hour. 

Seller or its Affiliates, in their sole discretion, may utilize third parties to perform any Service. All third party expenses incurred by Seller or its
Affiliates in connection with their performance of the Services will be passed on to and reimbursed by Buyer at the third party’s invoiced rate. 
  

	II.	Nature and Scope of Services 

 The
Services consist of those set forth below in this Exhibit. Each of the Services shall be provided for the full twelve month term of this Agreement, unless a shorter period is expressly provided for below or Buyer notifies Seller of its election to
shorten the period during which any particular Services are to be provided. 
  

	III.	Advice and Consultation 

 Where
this Exhibit contemplates that Seller or its Affiliates will provide general advice, training or consultation, the Parties anticipate that such advice, training or consultation, if not provided by telephone, facsimile or email, will be provided in
person either at the Refinery (with respect to Services heretofore provided at the Refinery) or at the San Antonio offices of Seller and certain of its Affiliates (with respect to Services normally performed by Seller and its Affiliates in San
Antonio). 
  

	IV.	Competition 

 The sole purpose of
this Agreement is to effect the timely and orderly transition of the Business from Seller to Buyer in a manner intended to minimize Business disruption, which could in turn disrupt the supply of refined products to relevant markets. Because Seller
and Buyer desire to ensure compliance with state and federal laws relating to the preservation of competition, and to avoid even the possible appearance of impropriety, they agree as follows: 

 

	1.	There shall be no discussion or exchange of information between the parties regarding past, present or future pricing decisions or any aspect of prices, except as they
relate to the Refinery and then only to the extent necessary in the performance of the Services and the transition of the Business. 

  
 1 

	2.	There shall be no discussion or exchange of information between the parties regarding costs they have incurred for crude oil or any other aspect of their respective
businesses, except as they relate to the Refinery and then only to the extent necessary in the performance of the Services and the transition of the Business. 

 

	3.	Discussions or the exchange of any information that may be competitively sensitive are to be avoided. This would include information regarding the parties’ sales,
inventory volumes, production levels and capacity, distribution and marketing strategies and business expansion or contraction plans, except as the foregoing relate to the Refinery and then only to the extent necessary in the performance of the
Services and the transition of the Business. 

 SERVICES 

I. Secondment 
 The employees listed
below (the “Seconded Employees”) will be seconded to Buyer for so long as they remain employees of Seller or its Affiliates and for so long as Buyer requires their services up to a maximum of 180 days after the Closing Date. Buyer will
provide Seller with at least twenty five (25) Business Days’ prior written notice that it no longer requires the services of each such employee: 
  

	 	(i)	None 

 During the Term, or such shorter period
as determined by Buyer, the Seconded Employees shall provide 100% of their time to Buyer to perform Services. It is agreed that during the secondment the Seconded Employees will take their general work direction from Buyer. However, the Seconded
Employees shall remain employees of Seller or its Affiliates and each will continue to be treated as an employee of Seller or its Affiliates, including, but not limited to, payment of wages, insurance, taxes, workers compensation coverage and
benefits. 
 II. General Consultation 
 To the extent not expressly provided below, Seller will make reasonably available for questions from and meetings with Buyer other San Antonio headquarters personnel knowledgeable about the
Refinery’s operations during its ownership by Seller, in an effort to facilitate knowledge transfer concerning all aspects of Refinery operations during Seller’s ownership. 

 

  
 2 

 III. Accounting and Finance Services 
 Seller will provide the following accounting and finance services to Buyer for the Business at the same level and to the same extent as the same were provided by San Antonio headquarters personnel prior
to Closing (subject to adjustment and reduction as mutually agreed by the Parties as these functions are transitioned to Buyer during the term of this Agreement): 
  

	1.	General Accounting: Closing expense books at month end by recording expense accruals, recording third party sales of steam and electricity, recording line handling
fees, recording capital accruals, preparing balance sheet reconciliations, setting up AFEs in SAP as they relate to the refining operations. The Services do not relate to general ledger accounting, including business combination accounting,
financial statement generation, consolidation or other financial reporting for the Buyer. The services do not include recording of transactions that do not originate in Seller’s or its Affiliate’s systems and will not be paid by Valero
Accounts Payable or Valero payroll processing. Examples of services excluded are the recording of payroll costs once processing is moved to a third party processor and recording of utility costs that are processed by a third party.

  

	2.	Accounts Payable: Pay invoices after funding is received from PBF and the appropriate approvals are received by PBF employees. Reconcile GRIR accounts periodically.

  

	3.	Hydrocarbon Accounting: At closing, yield accounting will be performed by Buyer’s employees at the Paulsboro refinery. Seller will make its personnel available to
provide onsite training prior to and at go live as deemed necessary by Buyer’s management. Seller will provide continued assistance via phone and email from San Antonio to support the Buyer’s yield accounting processes. Seller will make a
good faith effort to provide advisory services to assist Buyer’s personnel to complete production/consumption data by 10:00 am EST. 

  

	4.	Accounts Payable Accounting: The Parties will cooperate to settle any accounts payable cutoff issues, such as the proper payment of and accounting for invoices received
immediately before and after Closing, and the allocation of expenses related to projects in progress at Closing. 

  

	5.	Seller’s accounting personnel shall be reasonably available to answer questions from Buyer. 

 

	6.	Treasury Services: Seller will provide Buyer with Treasury and Cash Management services as reasonably required by Buyer. Post closing Cash Management services,
procedures and supplemental fees will be agreed upon and documented by Buyer and Seller prior to closing. 

  

	7.	Tax 

  

	 	(i)	Provide Buyer assistance regarding property tax issues, renditions and payments and provide to Buyer, within 10 days of receipt, copies of any notices, assessments,
property tax statements or other communications received from taxing authorities related to the property acquired by Buyer. 

  
 3 

	 	(ii)	Provide Buyer assistance with state and local tax filings and payments, including assistance as necessary with any audits and the sharing of any documentation necessary
for timely and accurate submittals. 

  

	 	(iii)	Seller’s tax and finance personnel shall be made reasonably available to answer questions from Buyer. 

 

	8.	Seller will promptly forward to Buyer for payment any invoices received by Seller that are properly payable by Buyer under the terms of the SPA.

  

	9.	Seller will assist Buyer with required FERC Quarterly and Annual Report filings for the Pipeline. 

 

	 	(i)	Seller will provide buyer with a mapping from the SAP Chart of Accounts to FERC accounts. 

 

	10.	Buyer shall pay Seller fees of $[REDACTED] per quarter or part thereof in advance in connection with Seller’s agreement to continue to maintain the Letter of
Credit to the New Jersey Department of Environmental Protection in the amount of $[REDACTED] and the Letter of Credit to PJM Interconnection, L.L.C. in the amount of $[REDACTED]. 

IV. Crude and Products Supply, Marketing and Transportation. The Services do not include any activities related to (i) the purchase, supply
or transportation of crude oil or other feedstocks for the Refinery, or (ii) the marketing or transportation of any petroleum products produced at the Refinery, except for the limited services provided in Transportation Services below. For the
avoidance of doubt, Buyer acknowledges that it shall perform its own hedging activities and neither Seller nor any of its Affiliates has any obligation to perform hedging on behalf of or for the benefit of Buyer or any of its Affiliates. 

V. Transportation Services 
  

	1.	Seller shall provide railcar management services, including but not limited to: 

 (i) Seller will provide Buyer a weekly spreadsheet for all Company rail freight invoiced to Seller (including its Affiliates). Upon approval by Buyer, Buyer shall provide funds one (1) day in advance
to Seller to enable Seller to timely pay the railroads provided Seller gives Buyer no less than two Business Days prior notice of the amount of such payments. 
 (ii) Seller shall continue to pay rentals and maintenance and inspection costs for all Loaned Railcars, and such amounts shall be invoiced to and reimbursed by Buyer hereunder. 

  
 4 

 (iii) Seller shall continue to coordinate railcar staging and switching operations with
schedulers involved in crude and product movements into and out of Paulsboro 
 (iv) Seller’s rail operations personnel will
be reasonably available to consult with and train Buyer’s rail operations personnel 
  

	2.	Seller and its Affiliates shall provide advice and consultation to Buyer’s relevant personnel regarding product and feedstocks movements into and out of the
Refinery by truck, and regarding the administration of carrier access agreements. 

 VI. IT Services 

 

	1.	Until all requisite IT services are taken over by Buyer, Seller will provide the same level and type of technical infrastructure and application system support and
services as were being provided to the Company as of the Closing Date. This includes but is not limited to support/services for all required applications systems, data and voice networks, servers, email, telecommunications, internet, desktop,
helpdesk, and data backup and recovery. Seller will not be obligated to provide any services previously provided by Refinery- based employees who will become employees of Buyer or any of its Affiliates at Closing. Further, Seller will not generally
provide any Buyer employees with access to the Valero Intranet or any other Valero systems; however, Seller will provide former employees of Seller or its Affiliates or their replacements who are based at the Refinery with alternate means to access
those Valero-retained applications necessary for them to continue to perform the required business functions of the Refinery and to enable Seller to perform the services under this agreement. 

 

	2.	Seller will provide Buyer with the necessary files and data extracts to enable Buyer to migrate the Business Intellectual Property from Seller’s IT platform to
Buyer’s IT platform. The first [REDACTED] hours to provide the necessary files and data extracts will be provided by Seller, regardless of whether the Services are actually performed by Seller or by a third party. Any time spent in excess of
the [REDACTED] hours shall be paid for by Buyer. 

  

	3.	Seller and Buyer will cooperate in good faith to schedule and implement all other activities required to complete the transition of IT facilities and services from
Seller to Buyer. Seller’s obligation with respect to network and application set-up shall be limited to providing advice and consultation as to how the network is currently designed and how the applications and interfaces currently operate and
support the business process as required to give Buyer the knowledge needed to set up their systems; Seller shall not be obligated, however, to perform any setup services or other work on Buyer’s network or applications. Seller will not provide
any support or services for systems and applications based on the servers located at the Refinery. Seller will not be required to reconfigure its systems other than to achieve the legal separation and perform the specified transition services for
the Refinery. Upon execution of this Agreement, Buyer will pay to Seller all license and maintenance fees for any hardware and software necessary to perform the IT Services for Buyer and prorated based on other Seller uses of such hardware and
software, which will be billed to Buyer monthly from Seller. 

  
 5 

	4.	The expected time frames for IT services are as follows: 

 [REDACTED] 
 VII. Strategic Sourcing. Seller’s Strategic Sourcing personnel will
assist the Refinery procurement staff in the administration of any Multi-Site Contracts that the vendors thereunder have agreed to continue to honor as to the Refinery post-Closing, to the same extent as the Strategic Sourcing group has heretofore
supported the Refinery. In addition, Strategic Sourcing personnel will provide Buyer with the names of vendor account managers for such Multi-Site Contracts. 
 VIII. Human Resources. Seller will assist with the administration of human resources systems services heretofore provided by Seller’s and its Affiliates’ headquarters level personnel,
including payroll (including related timekeeping), benefits administration (while on Valero’s benefits), personnel records management, training records and Valero HR information systems. Transition services for payroll and benefits
administration will continue through the last pay period of 2010. Seller’s bill for payroll will include the benefit load percentage (less pension, 40IK and LTD). Due to a scheduled upgrade on Valero’s training system, transition services
on TopClass will only be available through February 11, 2011. Upon request, Seller will also consult with Buyer’s personnel regarding Union grievances, employee dispute resolution matters, and labor relations, Seller and Buyer will each
designate a team of qualified individuals to work on an appropriate HR transition plan. 
 For the avoidance of doubt, Buyer acknowledges and
agrees that Seller and its Affiliates will not be providing pension administration services, 2011 benefits open enrollment for Buyer, 401(k), nor will they be required to add or modify any of their benefits plans, employee programs or HR Systems as
part of or in order to perform any Services. 
 IX. Foreign-Trade Zone Operations Seller will consult with Buyer (or any third parties
Buyer engages to operate its foreign-trade zone (“FTZ”)) in order to provide information reasonably required by Buyer in order to operate the FTZ. Seller reserves the right to cease FTZ

  
 6 

 
operations until such time as Buyer has met all prerequisites to reactivate the FTZ under new ownership pursuant to 19 C.F.R. Part 146. In the event both parties mutually agree to continue FTZ
operations, Seller will assist Buyer in operating the FTZ to the extent permitted under applicable law and both parties will designate a team of individuals to work on an appropriate transition plan. Buyer will, at all times, be responsible for
paying all customs-related duties, taxes, fees, interest, penalties, and any sums whatsoever relating to the services provided hereunder except as otherwise provided herein. 
 As noted in the SPA, Buyer will be required to obtain its own software to manage the FTZ (or engage a consultant with the requisite software) because Seller uses enterprise software that must be retained
to service other foreign-trade zones at Affiliate refineries. 
 References in this Section to Seller include any applicable Affiliate of Seller
who performs these duties at the Seller headquarters offices in San Antonio. 
 X. Health, Safety and Environmental. Seller and its
Affiliates will cooperate with personnel designated by Buyer to transition any HS&E activities for the Business that have heretofore been performed at the San Antonio headquarters level (as opposed to those heretofore customarily conducted at
the Refinery). 
 XI. Electricity Charges 
 For electricity services provided by Seller, Buyer agrees to reimburse Seller for all charges incurred in supplying electricity to the Paulsboro site. Seller shall pass-through these costs with no markup
to Buyer. In consideration for this service, Buyer shall pay the sum of $20,000 per month plus the applicable APN charge. Buyer shall also pay Seller $5,000 in advance for the cost incurred by Seller to maintain its 2011 PJM membership. 

XII Office Space. Seller shall provide Buyer with one office cube located in Seller’s corporate headquarters in San Antonio, Texas.
For the use of the office cube, Buyer shall pay Seller $[REDACTED] per month, prorated for any partial month. Buyer and its employees, agents and representatives shall comply with all of Seller’s and its Affiliates rules and regulations related
to the occupancy of the office cube and access and use of the corporate headquarters. 

  
 7 

 EXHIBIT B 
 PAYMENT INSTRUCTIONS 
 Until further notice, the following are wire transfer/ACH payment
instructions for payment to Seller (or its designee) owing under the terms of the Transition Services Agreement: 
 [REDACTED] 

  
 1EXHIBIT 10.3

 Exhibit 10.3 
 EXECUTION COPY 
 CONFIDENTIAL 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN
SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 
 ASSET SALE AND PURCHASE AGREEMENT 
 *** 

by and between 

Toledo Refining Company LLC, as the Buyer, 
 and 
 SUNOCO, INC. (R&M), as the Seller 

Dated as of December 2, 2010 

  

					
		  		  	Highly Confidential

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INTERPRETATIONS
	  	 	1	  
	 Section 1.1
	 	Definitions	  	 	1	  
	 Section 1.2
	 	Interpretations	  	 	1	  
		
	 ARTICLE 2 BASIC TRANSACTIONS
	  	 	1	  
	 Section 2.1
	 	Purchased Assets	  	 	1	  
	 Section 2.2
	 	Excluded Assets	  	 	3	  
	 Section 2.3
	 	Assumed Liabilities	  	 	5	  
	 Section 2.4
	 	Excluded Liabilities	  	 	7	  
	 Section 2.5
	 	No Assignment If Breach; Multi-Site Agreements	  	 	9	  
	 Section 2.6
	 	Purchase Price	  	 	10	  
	 Section 2 7
	 	Prorations	  	 	13	  
	 Section 2.8 
	 	The Closing	  	 	14	  
	 Section 2.9 
	 	Deliveries at the Closing	  	 	14	  
	 Section 2.10
	 	Delivery of Buyer’s Parent Guaranty	  	 	16	  
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES CONCERNING THE TRANSACTION 
	  	 	17	  
	 Section 3.1 
	 	Representations and Warranties Concerning the Seller	  	 	17	  
	 Section 3.2
	 	Representations and Warranties Concerning the Buyer	  	 	18	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES CONCERNING THE PURCHASED ASSETS
	  	 	19	  
	 Section 4.1
	 	Representations and Warranties Concerning the Purchased Assets	  	 	19	  
		
	 ARTICLE 5 PRE-CLOSING COVENANTS
	  	 	25	  
	 Section 5 1 
	 	Reasonable Efforts	  	 	25	  
	 Section 5.2 
	 	Notices and Consents	  	 	25	  
	 Section 5.3
	 	Operation of Business	  	 	26	  
	 Section 5 4 
	 	Access to Information	  	 	26	  
	 Section 5.5 
	 	Contact with Customers and Vendors	  	 	27	  
	 Section 5.6
	 	Schedules	  	 	27	  
	 Section 5.7
	 	FTZ Subzone Status	  	 	27	  
	 Section 5.8
	 	Financial Statements	  	 	28	  
		
	 ARTICLE 6 OTHER COVENANTS
	  	 	28	  
	 Section 6.1 
	 	Further Actions	  	 	28	  
	 Section 6.2
	 	Retention of and Access to Books and Records	  	 	28	  
	 Section 6.3
	 	Access to Purchased Assets	  	 	29	  
	 Section 6.4
	 	Seller’s Name; Removal of Logos and Signs	  	 	29	  
	 Section 6.5
	 	Employee Matters	  	 	30	  
	 Section 6.6
	 	Intellectual Property Matters	  	 	30	  
	 Section 6.7
	 	Release and Replacement of Bonds, Guaranties, etc.	  	 	30	  
	 Section 6.8
	 	WARN Act	  	 	31	  
	 Section 6.9 
	 	Environmental Matters	  	 	31	  
	 Section 6.10
	 	Hedges	  	 	32	  
	 Section 6.11
	 	Vehicles	  	 	32	  
	 Section 6.12 
	 	Pipelines	  	 	32	  
	 Section 6.13
	 	Casualty and Condemnation	  	 	33	  
	 Section 6.14
	 	Title Insurance	  	 	34	  

  

					
		  	i	  	Highly Confidential

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 6.15
	 	Shared Spare Part	  	 	34	  
		
	 ARTICLE 7 CONDITIONS PRECEDENT 
	  	 	35	  
	 Section 7.1
	 	Conditions to Obligation of the Buyer	  	 	35	  
	 Section 7.2
	 	Conditions to Obligation of the Seller	  	 	36	  
		
	 ARTICLE 8 REMEDIES FOR BREACHES OF AGREEMENT 
	  	 	36	  
	 Section 8.1
	 	Survival of Representations, Warranties and Certain Covenants	  	 	36	  
	 Section 8.2
	 	Indemnification Provisions for Benefit of the Buyer	  	 	37	  
	 Section 8.3
	 	Indemnification Provisions for Benefit of the Seller	  	 	37	  
	 Section 8.4
	 	Limitations of Liability	  	 	38	  
	 Section 8.5
	 	Exclusive Remedy	  	 	38	  
	 Section 8.6
	 	Matters Involving Third Parties	  	 	38	  
	 Section 8.7
	 	Procedures	  	 	39	  
	 Section 8.8
	 	Determination of Amount of Adverse Consequences	  	 	40	  
	 Section 8.9
	 	Limitation of Damages	  	 	40	  
	 Section 8.10
	 	Tax Treatment of Indemnity Payments	  	 	40	  
	 Section 8.11
	 	Specific Performance	  	 	40	  
		
	 ARTICLE 9 TERMINATION OF AGREEMENT
	  	 	41	  
	 Section 9.1
	 	Termination of Agreement	  	 	41	  
	 Section 9.2
	 	Effect of Termination	  	 	42	  
		
	 ARTICLE 10 TAX MATTERS
	  	 	42	  
	 Section 10.1
	 	Filing of Tax Returns and Payment of Taxes	  	 	42	  
	 Section 10.2
	 	Straddle Period Taxes	  	 	42	  
	 Section 10.3
	 	Ohio Combined State, County and Local Sales Taxes	  	 	43	  
	 Section 10.4
	 	Transfer Taxes	  	 	43	  
	 Section 10.5
	 	Assistance and Cooperation	  	 	43	  
	 Section 10.6
	 	Access to Information	  	 	43	  
	 Section 10.7
	 	Tax Indemnity	  	 	44	  
	 Section 10.8
	 	Tax Indemnity Claims	  	 	44	  
	 Section 10.9
	 	Tax Refunds	  	 	44	  
	 Section 10.10
	 	Certification of Nonforeign Status	  	 	45	  
	 Section 10.11
	 	Non-Ohio Sales Taxes	  	 	45	  
		
	 ARTICLE 11 MISCELLANEOUS
	  	 	45	  
	 Section 11.1
	 	Press Releases and Confidentiality	  	 	45	  
	 Section 11.2
	 	No Third Party Beneficiaries	  	 	46	  
	 Section 11.3
	 	Succession and Assignment	  	 	46	  
	 Section 11.4
	 	Counterparts and Facsimile Signatures	  	 	46	  
	 Section 11.5
	 	Notices	  	 	46	  
	 Section 11.6
	 	Governing Law; Consent Jurisdiction and Venue	  	 	47	  
	 Section 11.7
	 	Entire Agreement and Amendments	  	 	47	  
	 Section 11.8
	 	Severability	  	 	48	  
	 Section 11.9
	 	Transaction Expenses	  	 	48	  
	 Section 11.10
	 	Waiver of Bulk Sales Law Compliance	  	 	48	  
	 Section 11.11
	 	Failure or Indulgence Not Waiver	  	 	48	  
	 Section 11.12
	 	Time of the Essence	  	 	48	  

  

					
		  	ii	  	Highly Confidential

 SCHEDULES 

 

			
	 SCHEDULE 1.1
	  	Definitions and Interpretations
	 SCHEDULE 1.1 A
	  	Seller’s Knowledge
	 SCHEDULE 1.1B
	  	Buyer’s Knowledge
	 SCHEDULE 2.1.1
	  	Owned Real Property
	 SCHEDULE 2.1.2
	  	Leased Real Property
	 SCHEDULE 2.1.3
	  	Easements
	 SCHEDULE 2.1.7
	  	Licenses and Permits
	 SCHEDULE 2.1.10
	  	Prepayments
	 SCHEDULE 2.1.11 (A)
	  	Owned Intellectual Property
	 SCHEDULE 2.1.11 (B)
	  	Licensed Intellectual Property
	 SCHEDULE 2.1.12
	  	Idle Assets
	 SCHEDULE 2.1.14
	  	Owned and Leased Vehicles
	 SCHEDULE 2.2.1
	  	Excluded Assets: Claims
	 SCHEDULE 2.2.6
	  	Excluded Assets: Contracts
	 SCHEDULE 2.2.7
	  	Excluded Assets: Licenses and Permits
	 SCHEDULE 2.2.21
	  	Excluded Assets: Equipment
	 SCHEDULE 2.2.22
	  	Excluded Assets: Miscellaneous Assets
	 SCHEDULE 2.3.7
	  	Assumed Liabilities: Miscellaneous Liabilities
	 SCHEDULE 2.4.8
	  	Retained Litigation
	 SCHEDULE 2.6.3.2
	  	Hydrocarbon Inventory Value
	 SCHEDULE 2.6.4
	  	Participation Payment
	 SCHEDULE 3.1.2
	  	Authorization of Transaction – Seller
	 SCHEDULE 3.2.1.2
	  	Authorization of Transaction – Buyer
	 SCHEDULE 4.1.2
	  	Real Property Exceptions
	 SCHEDULE 4.1.3
	  	Sufficiency of Assets Exceptions
	 SCHEDULE 4.1.4(a)
	  	Material Contracts
	 SCHEDULE 4.1.4(b)
	  	Defaults Under Material Contracts
	 SCHEDULE 4.1.6
	  	Compliance with Law
	 SCHEDULE 4.1.7.6
	  	Tax Matters
	 SCHEDULE 4.1.8
	  	Environmental Matters
	 SCHEDULE 4.1.8.7
	  	Environmental Permits and Orders
	 SCHEDULE 4.1.8.8
	  	Refinery Tank Inspection Dates
	 SCHEDULE 4.1.9
	  	Litigation
	 SCHEDULE 4.1.10(A)
	  	Employee Matters: Labor & Collective Bargaining
	 SCHEDULE 4.1.10(B)
	  	Employee Matters: Claims
	 SCHEDULE 4.1.10(C)
	  	Employee Matters: Contracts
	 SCHEDULE 4.1.11.1
	  	Compensation and Employee Benefits
	 SCHEDULE 4.1.12
	  	Intellectual Property
	 SCHEDULE 4.1.13
	  	Financial Information
	 SCHEDULE 5.3
	  	Operation of Business
	 SCHEDULE 6.5.1
	  	Current Employees
	 SCHEDULE 6.5.1.1
	  	Independent Contractors
	 SCHEDULE 6.5.2
	  	Employment Offers
	 SCHEDULE 6.5.9
	  	Welfare and Other Non-Pension Fringe Benefits
	 SCHEDULE 6.6.3.2
	  	Non-Assignable Licensed Intellectual Property
	 SCHEDULE 6.7.1
	  	Credit Support Arrangements
	 SCHEDULE 6.12
	  	Pipelines
	 SCHEDULE 7.1.6
	  	Conditions to the Obligations of Buyer: Governmental Consents
	 SCHEDULE 7.2.6
	  	Conditions to the Obligations of Seller: Governmental Consents

  

					
		  	iii	  	Highly Confidential

 EXHIBITS 

 

			
	 EXHIBIT A
	  	Form of Promissory Note
	 EXHIBIT B
	  	Form of Deed
	 EXHIBIT C
	  	Form of Bill of Sale, Assignment and Assumption Agreement
	 EXHIBIT D
	  	Form of Off-Take Agreement
	 EXHIBIT E
	  	Form of Transition Services Agreement
	 EXHIBIT F
	  	Form of Pipeline Rights-of-Way and Easements
	 EXHIBIT G
	  	Form of Derivatives Contract Agreement
	 EXHIBIT H
	  	Form of Certification of Nonforeign Status
	 EXHIBIT I
	  	Form of Agency Agreement
	 EXHIBIT J
	  	Form of Buyer’s Parent Guaranty
	 EXHIBIT K
	  	Form of Global CAA Consent Decree Modification
	 EXHIBIT L
	  	Form of Security Agreement
	 EXHIBIT M
	  	Form of Mortgage Agreement
	 EXHIBIT N
	  	Form of Guaranty
	 EXHIBIT O
	  	Form of Seller Parent Guaranty
	 EXHIBIT 6.5
	  	Employment Matters

  

					
		  	iv	  	Highly Confidential

 ASSET SALE AND PURCHASE AGREEMENT 

THIS ASSET SALE AND PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of December 2, 2010 by
and between TOLEDO REFINING COMPANY LLC, a limited liability company formed and existing under the laws of the State of Delaware (the “Buyer”), and SUNOCO, INC. (R&M), a corporation organized and existing under the
laws of the Commonwealth of Pennsylvania (the “Seller”). The Seller and the Buyer are referred to individually as a “Party” and collectively as the “Parties.”  

WHEREAS, the Seller owns and operates certain refining assets and other related assets located in Toledo, Ohio; and 

WHEREAS, the Buyer desires to purchase from the Seller, and the Seller desires to sell to the Buyer, such assets upon the terms
and subject to the conditions of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing recitals and the
agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound, do hereby agree as follows: 

ARTICLE 1 

DEFINITIONS AND INTERPRETATIONS 
 Section 1.1 Definitions. Unless the context otherwise requires, the capitalized terms used in this Agreement shall have the meanings set forth in Section 1.1 of Schedule 1.1.

 Section 1.2 Interpretations. Unless expressly provided to the contrary in this Agreement, this Agreement shall be
interpreted in accordance with the provisions set forth in Section 1.2 of Schedule 1.1. 
 ARTICLE 2

 BASIC TRANSACTIONS 
 Section 2.1 Purchased Assets. Subject to the terms and conditions contained in this Agreement, at the Closing the Buyer shall purchase, accept and acquire from the Seller, and the Seller shall
sell, convey, assign, transfer and deliver to the Buyer, all of the Seller’s right, title and interest immediately prior to the Closing in and to the Facilities and the following described properties and assets, including all properties and
assets necessary to conduct the Business, except to the extent that such properties and assets are Excluded Assets (collectively, the “Purchased Assets”): 

2.1.1 Owned Real Property. The real property and pipelines owned in fee identified in Schedule 2.1.1,
together with all Facilities (the “Owned Real Property”). 
 2.1.2 Leased Real Property.
The Seller’s right, title and interest, as lessor, lessee, sub-lessee or sub-lessor in and to the leasehold estates and the related lease or sublease agreements (the “Real Property Leases”) respecting land, buildings, fixtures
and real property improvements (whether owned or leased), together with all construction work-in-progress in respect of same (the “Leased Real Property”). all of which are identified in Schedule 2.1.2. 

2.1.3 Easements. The easements, rights of way, property use agreements, line rights and real property licenses and
permits (including permits from railroads and road crossing permits or other rights-of-way permits from any Governmental Authority) appurtenant to the Seller’s ownership of the Owned Real Property or the Seller’s lease of the Leased Real
Property or used by, or necessary for the operation or conduct of the Purchased Assets or Business, including all easements identified in Schedule 2.1.3 (the “Easements”). 

  

					
		  	1	  	Highly Confidential

 2.1.4 Hydrocarbon Inventory. All of the Seller’s Hydrocarbon
Inventory (including all FTZ status merchandise located at the Facilities). 
 2.1.5 Equipment and
Non-Hydrocarbon Inventory. The Equipment and the non-hydrocarbon inventories, including the chemicals, catalysts and additives inventories and precious metals, in each case as located in or on, attached or appurtenant to, the Facilities, the
Owned Real Property, or the Leased Real Property, or used by the Seller exclusively in connection with the ownership or operation of the Purchased Assets or the Business. 

2.1.6 Assigned Contracts. Subject to Section 2.5, all rights and obligations of the Seller under the Contracts
that relate exclusively to ownership or operation of the Purchased Assets or the Business, including the Gas Oil Exchange Agreement, the Pipeline Throughput and Deficiency Agreement, the non-branded wholesale product sales Contracts and each other
Material Contract identified on Schedule 4.1.4(a), (collectively, the “Assigned Contracts”), but excluding those that are Excluded Contracts. 

2.1.7 Licenses and Permits. Subject to Section 2.5, all assignable or transferable licenses and permits in
favor of the Seller from any federal, state or local regulatory agencies which are necessary to and used exclusively in connection with the ownership of the Purchased Assets, including those set forth on Schedule 2.1.7 (the “Licenses
and Permits”). 
 2.1.8 Books & Records. All of the books, records, plans, drawings,
surveys, instruction and other procedural manuals, employment records (including any medical records relating to Continuing Employees, provided that the Buyer shall first obtain a signed release from each Continuing Employee, in form and substance
satisfactory to the Seller, authorizing Seller to transfer such medical records to Buyer and releasing Seller and Buyer from any liability for such transfer) and training records relating to Continuing Employees and similar items located at the
Facilities immediately prior to the Closing and such records which relate exclusively to the Purchased Assets and the Business (the “Books and Records”), subject to the rights of the Seller to make copies of and make non-exclusive
use of the same and except to the extent such materials (a) are subject to confidentiality or non-disclosure agreements in favor of Third Parties whose consent to transfer is not obtained or (b) constitute attorney-client privileged
materials or attorney work product. 
 2.1.9 Warranties. All warranties from Third Parties, to the extent
assignable or transferable and to the extent related to the Purchased Assets, including warranties set forth in any equipment purchase agreement, construction agreement, lease agreement, consulting agreement or agreement for architectural or
engineering services with respect to the Purchased Assets, it being understood that nothing in this Section 2.1.9 shall be construed as a representation by the Seller that any such warranty remains in effect or is enforceable. 

2.1.10 Deposits and Prepayments. Subject to the adjustment and proration of items as of the Closing as contemplated
by Sections 2.6.3 and Section 2.7, all advance payments, prepayments, prepaid expenses, deposits and other similar payments made by the Seller to the extent related to the Purchased Assets and existing as of the Closing (collectively,
“Prepayments”), including those Prepayments listed by category and approximate amount on Schedule 2.1.10 as of the close of the most recent fiscal quarter ended at least one month prior to the date of this Agreement. Prior to
the Closing, the amount of the Prepayments set forth on Schedule 2.1.10 shall be updated by the Seller as of two (2) Business Days prior to the scheduled Closing Date. 

  

					
		  	2	  	Highly Confidential

 2.1.11 Intellectual Property. Subject to Section 2.5, all
assignable or transferable Owned Intellectual Property listed on Schedule 2.1.11(A) and Licensed Intellectual Property (including all licenses and maintenance agreements relating thereto) listed on Schedule 2.1.11(B), but not
including any related software maintenance agreements except to the extent specifically provided on Schedule 2.1.11(B). 
 2.1.12 Idle Assets. Inactive, out-of-service or otherwise idled assets located at the Facilities or on the Owned Real Property or the Leased Real Property, all of which significant idled assets
(other than on-site underground lines) are identified in Schedule 2.1.12 (the “Idle Assets”). 
 2.1.13 Hardware and Firmware. All computer and data processing hardware or firmware and all rights relating thereto located at the Facilities, including a computer system, the central processing
unit of which is located at the Facilities or that otherwise is used by the Seller exclusively in the operation of the Business or the Facilities as currently conducted by the Seller. 

2.1.14 Vehicles. All vehicles currently owned by Seller and used at the Facilities (“Owned
Vehicles”) and all vehicles currently leased by Seller under fleet leases and used at the Facilities (“Leased Vehicles”) as described in Schedule 2.1.14. 

2.1.15 Customer Security Arrangements. All bonds, letters of credit and other security arrangements established by
any Person in favor of the Seller that relate exclusively to the Purchased Assets or the operation of the Business, to the extent transferable (with or without consent). 

2.1.16 Emission Credits. Except for those previously registered to the Seller as of November 23, 2010, all
emissions reductions in favor of the Seller from any federal, state or local regulatory agencies which are or were generated or derived from current or past operations of the Purchased Assets. 

Section 2.2 Excluded Assets. The Purchased Assets shall not include any property or assets of Seller not described in
Section 2.1 and, notwithstanding any provision to the contrary contained in Section 2.1 or elsewhere in this Agreement, the Purchased Assets shall not include any of the following specifically enumerated properties, assets, rights and
interests of the Seller (the “Excluded Assets”): 
 2.2.1 Claims, demands, causes of action,
choses in action, rights of recovery, rights of set-off, rights to refunds and similar rights in favor of the Seller or any Affiliate of the Seller of any kind to the extent (i) relating to the Excluded Assets or the Excluded Liabilities,
(ii) relating to the ownership of the Purchased Assets, or operation of the Business, prior to the Closing Date, except to the extent relating to a Prepayment or to a right or obligation that extends after Closing or (iii) identified on
Schedule 2.2.1. 
 2.2.2 Other than those Purchased Assets described in Section 2.1.11(A), all
privileged or proprietary materials, documents, information, media, methods and processes owned by or licensed to the Seller or its Affiliates and any and all rights to use same, including intangible assets of an intellectual property nature such as
trademarks, service marks and trade names (whether or not registered), computer software that is proprietary to the Seller or its Affiliates, or the use of which under the pertinent license therefor is limited to operation by the Seller or its
Affiliates or on equipment owned by the Seller or its Affiliates, all promotional or marketing materials (including all marketing computer software), and any and all trade names under which the Seller or the Purchased Assets prior to Closing have
done business or offered services, and all abbreviations and variations thereof. 
 2.2.3 All computer and data
processing hardware or firmware, and all rights relating thereto, not located at the Facilities, other than those used by the Seller exclusively in the operation of Business or the Facilities as currently conducted by the Seller. 

  

					
		  	3	  	Highly Confidential

 2.2.4 Subject to Section 2.1.8, any and all employment and medical
records of Retained Employees and any and all medical records of Current Employees, whether or not maintained at the Facilities. 
 2.2.5 All cash on hand and cash equivalents, including bank accounts, money market funds, temporary cash investments and other deposits, excluding the Prepayments. 

2.2.6 All (i) Contracts of the Seller or any Affiliate of the Seller that do not relate exclusively to the Purchased
Assets or the operation of the Business as currently conducted by the Seller, (ii) Branded Sales Contracts, and (iii) Contracts set forth on Schedule 2.2.6 (collectively, the “Excluded Contracts”). 

2.2.7 All Licenses and Permits of the Seller or any Affiliate of the Seller that do not relate exclusively to the
Purchased Assets or to the operation of the Business as currently conducted by the Seller, all of which material Licenses and Permits are identified in Schedule 2.2.7. 

2.2.8 All of the Seller’s and any of its Affiliates’ right, title and interest in and to (i) all accounts
receivable and all notes, bonds, and other evidences of indebtedness of and rights to receive payments arising out of or related to sales, services, rentals and other activities of the Business occurring in connection with and attributable to the
ownership or operation of the Purchased Assets or the Business prior to the Closing, and (ii) the Credit Support Arrangements, and (iii) in each case including any rights with respect to any Third Party collection procedures or any other
actions or proceedings in connection with the foregoing. 
 2.2.9 All of the Seller’s rights and obligations
arising under any outstanding receivable or payable, which arose prior to the Closing, between any Seller, on the one hand, and any Affiliate of a Seller, on the other hand. 

2.2.10 Any and all accounting and Tax files, Tax books, Tax records, Tax returns and Tax work papers related to the
Purchased Assets exclusive of property tax files, provided, however, that Buyer and its representatives shall be provided reasonable access to and copies of such records as are necessary for Buyer to supplement or modify the Financial Statements, as
defined below in Section 5.8. 
 2.2.11 All assets related to any pension, profit sharing, stock bonus,
stock option, thrift or other retirement plan, medical, hospitalization, dental, life, disability, vacation or other insurance or benefit plan, employee stock ownership plan, deferred compensation, stock ownership, stock purchase, bonus, benefit or
other incentive plan, severance plan or other similar plan relating to the Seller, its Affiliates or their respective employees. 
 2.2.12 All rights, titles, claims and interests of the Seller or any Affiliate of the Seller (including any officers or directors of such Persons) (i) under any policy or agreement of insurance,
(ii) under any bond, (iii) to or under any condemnation damages or awards in regard to any taking with respect to the Purchased Assets that have occurred prior to the date of this Agreement, or (iv) to any insurance or bond proceeds.

 2.2.13 All rights or claims by the Seller or any Affiliate of the Seller to any Tax refund relating to the
period prior to the Closing Date. 
 2.2.14 Any equity interest held by the Seller (or Affiliate thereof) in any
Person. 

  

					
		  	4	  	Highly Confidential

 2.2.15 Any planes, communication, computer, clerical or accounting equipment
presently located outside of the boundaries of the Facilities that have historically been located outside of the boundaries of the Facilities (or hereafter acquired and located outside of the boundaries of the Facilities, except for Equipment
acquired in replacement of the Equipment presently located within the boundaries of the Facilities) and which is not used exclusively in connection with the ownership of the Purchased Assets or the operation of the Business as it is currently
conducted by the Seller. 
 2.2.16 Other than the Pipeline Throughput and Deficiency Agreement and the Owned Real
Property, all rights, titles, claims and interests of the Seller or any Affiliate of the Seller to any agreements, deeds, leases, easements, franchises, licenses, permits and other documents respecting pipelines and pipeline rights. 

2.2.17 All forecasts, financial information or financial statements and proprietary manuals (except rights to use manuals
specific to and necessary for the operation of the Business as it is currently operated by the Seller) prepared or used by the Seller to the extent not relating exclusively to the Business and all copies of and subscriptions to Third Party reports.

 2.2.18 All books, documents, records and files prepared in connection with or relating in any way to the
transactions contemplated by this Agreement, including analyses relating in any way to the Purchased Assets, the Assumed Liabilities and the Facilities. 
 2.2.19 All rights of the Seller under or pursuant to this Agreement and the other agreements and transactions contemplated hereby. 

2.2.20 All rights in or to the franchise of the Seller to be a corporation or its charter, corporate minute books, stock
books and other records relating to its corporate existence and capitalization. 
 2.2.21 The Equipment
identified on Schedule 2.2.21, which Schedule also includes significant equipment owned by Third Parties that is located at the Facilities and affixed to the Owned Real Property. 

2.2.22 Miscellaneous assets, if any, identified by category on Schedule 2.2.22. 

2.2.23 Any other assets, properties and rights of the Seller or any of its Affiliates that are not used exclusively in the
ownership of the Purchased Assets or the operation of the Business as it is currently conducted by the Seller. 
 The Buyer shall permit the
Seller to store (without charge by the Buyer for storage and without liability by the Buyer) any and all of the Excluded Assets at the Facilities for a period of up to one hundred eighty (180) days following the Closing, and the Seller may
remove at any time and from time to time, during such one hundred eighty (180) day period, the Excluded Assets from the Facilities (at the Seller’s expense), provided that the Seller shall do so in a manner that does not unduly or
unnecessarily disrupt the Buyer’s normal business activities at the Facilities. 
 Section 2.3 Assumed
Liabilities. Subject to the terms and conditions set forth in this Agreement, at the Closing, the Buyer shall assume and pay, discharge and perform as and when due all of the Liabilities accruing or arising out of the Business or the Purchased
Assets after the Closing, other than the Excluded Liabilities (the “Assumed Liabilities”), in accordance with their respective terms and subject to their respective conditions, including the following liabilities and obligations:

  

					
		  	5	  	Highly Confidential

 2.3.1 All Liabilities which accrue, are caused by, arise out of, are
associated with, are in respect of, or are incurred, in each case, at any time from and after the Closing, in connection with the Purchased Assets, the Business, the ownership or operation of the Purchased Assets or the operation or conduct of the
Business after Closing, including all obligations which arise or accrue under the Real Property Leases and all obligations (including delivery obligations) which arise or accrue under the Assigned Contracts, and any other Liability of the Seller or
any of its Affiliates (including those related to letters of credit and performance bonds) which is in the nature of a guaranty of the foregoing. 
 2.3.2 All Liabilities associated with the Purchased Assets or the Business for which the Buyer is liable pursuant to ARTICLE 10 hereof. 

2.3.3 All of the obligations that exist at Closing pursuant to Section 6.9 are expressly assumed by the Buyer,
including the Buyer’s Toledo Global CAA Consent Decree Obligations, the SRU Consent Order Obligations, unless terminated, and the NEP Settlement Obligations. 

2.3.4 Subject to the Seller’s obligations as provided in Section 6.5, all Liabilities with respect to the
Continuing Employees arising from their employment on and after the Closing Date and all Liabilities arising out of any selection or pre-employment process applied by the Buyer to the Current Employees. 

2.3.5 The Liabilities of the Seller under open purchase orders or other accounts payable relating to the Purchased Assets
that were entered into by the Seller in operation of the Business in the Ordinary Course of Business prior to the Closing and which provide for and to the extent of the delivery of goods or services on or following the Closing. 

2.3.6 Except to the extent constituting Retained Environmental Liabilities, all Environmental Liabilities and Costs of
Compliance resulting or arising from the ownership, operation or conduct of the Business or Purchased Assets after the Closing Date attributable to any of the following (“Assumed Environmental Liabilities”): 

2.3.6.1 Subject to any applicable rebuttable presumption as set forth at Section 2.4.4.4, an event or occurrence
(including any Release of Hazardous Substances) on or after the Closing Date resulting from mechanical defects or flaws in the Purchased Assets other than the land itself as of the Closing Date or by a failure before the Closing Date to maintain
such Purchased Assets regardless of whether such condition or state constitutes a violation of Environmental Laws; 
 2.3.6.2 the condition of Equipment or other Purchased Assets that constitute tangible personal property as of the Closing; 

2.3.6.3 the construction, modification, expansion, reconstruction, shutdown, demolition, operation or use of the Purchased
Assets or any other assets by the Buyer after the Closing Date; 
 2.3.6.4 the coming into force of, or the
change in, any Environmental Law or Environmental Permit relating to the operation of the Purchased Assets (including any new or modified cleanup standard or requirement for Remedial Work); 

2.3.6.5 Environmental Liabilities which result from any investigations or preparatory or exploratory measures on or after
the Closing Date that (a) the Buyer was not required to carry out or conduct under applicable Environmental Laws and that are unreasonable under the Prudent Businessperson Standard, or (b) are as a result of Governmental Interactions or
communications or interactions with a Governmental Authority by Buyer that are unreasonable under the Prudent 

  

					
		  	6	  	Highly Confidential

 
Businessperson Standard (“Voluntary Actions”). Notwithstanding the provisions of this Section 2.3.6.5 hereof, Voluntary Actions shall not include (i) ongoing monitoring
in systems in place at the Closing Date; (ii) Environmental Testing performed in the ordinary course of business of Buyer such as testing required for third party financing or insurance purposes, geophysical studies of building foundations or
in connection with maintenance, operation, construction, remodeling or demolish and rebuild work on the Purchased Assets, (iii) Buyer or its Affiliates is ordered, directed or requested to conduct such Environmental Testing by any Governmental
Authority, (iv) such Environmental Testing is conducted as a result of and reasonably necessary to respond to a Release that occurs after the Closing Date or the migration or movement of Hazardous Substances after the Closing Date,
(v) there is a good faith belief that such Environmental Testing is required by applicable Environmental Laws then in effect, (vi) such Environmental Testing is required to be performed pursuant to the terms of any landowner contract or
any contract for the sale or lease of the Purchased Assets, or (vii) such Environmental Testing is conducted as a result of any claim by a third party; and 
 2.3.6.6 The Remedial Work for Releases or migration or movement of Hazardous Substances at or from the Purchased Assets, if any, that occur twenty (20) years or more from the Closing Date, regardless
of whether such Release or migration or movement began prior to or after the Closing Date. 
 Section 2.4 Excluded
Liabilities. Except as specifically provided in this Section 2.4, the Buyer does not assume and will not be obligated to pay, perform or other otherwise discharge any of the Liabilities of the Seller or any Affiliate of the Seller
(collectively, “Excluded Liabilities”), all of which shall remain the sole responsibility of the Seller, including the following liabilities and obligations: 

2.4.1 Liabilities in respect of, associated with or arising from the Excluded Assets. 

2.4.2 Except for Retained Environmental Liabilities, which are set forth exclusively in 2.4.4 below and Liabilities
arising out of Buyer’s selection or pre-employment processes as set forth in Section 2.3.4, all Liabilities which accrue, are caused by, arise out of, are associated with, are in respect of, or are incurred, in each case, at any time prior
to the Closing, in connection with the Purchased Assets, the Business, the ownership or operation of the Purchased Assets or the operation or conduct of the Business, including all obligations which arise or accrue under the Real Property Leases and
all obligations (including delivery obligations) which arise or accrue under the Assigned Contracts, prior to the Closing, and in all cases whether or not the actual claim or action for such Liabilities is brought before or after the Closing.

 2.4.3 Liabilities to Third Parties for personal injury, property damage, economic loss, damages, tort, or
similar causes of action, arising out of the ownership or operation of the Purchased Assets or the operation or conduct of the Business prior to the Closing Date; provided, however, that Excluded Liabilities under this Section 2.4.3 shall not
in any event include any Liabilities resulting from negligence or willful misconduct of the Buyer, any of its Affiliates or any of their respective Representatives in connection with any inspection of the Purchased Assets prior to the Closing Date.

 2.4.4 The following Environmental Liabilities, which shall be retained solely in accordance with and as set
forth in this Section 2.4.4 (as described below and collectively, the “Retained Environmental Liabilities”): 
 2.4.4.1 Off-site Treatment, Storage or Disposal Prior to Closing. Environmental Liabilities (including response costs imposed under the Comprehensive Environmental Response, Compensation and
Liability Act, as amended, 42 U.S.C. §§ 9601 et seq., or its Ohio or other state counterpart or any other similar Environmental Law) resulting or arising from, or attributable to, (i) an off-site abandonment, disposal or storage of
Hazardous Substances or an off-site Release, in either case 

  

					
		  	7	  	Highly Confidential

 
occurring prior to the Closing Date in connection with the operation or use of the Purchased Assets or the conduct of the Business and any movement or migration of Hazardous Substances associated
with the foregoing, or (ii) the transportation, treatment, storage or disposal at an off-site facility prior to the Closing Date of Hazardous Substances generated by the Business or at the Purchased Assets and any movement or migration of
Hazardous Substances associated with the foregoing, including Releases, that occur after the Closing. 
 2.4.4.2
Third Party Environmental Claims. Subject to the exclusion set forth at 2.4.4.6, Liabilities resulting or arising from, connected with or attributable to, any claim by a Third Party for bodily injury, death, economic loss, damages and/or
property damage to the extent resulting or arising from, connected with, attributable to, exposure to or contamination by Hazardous Substances arising from the ownership, operation or use of the Assets prior to the Closing Date and the Continuing
Conditions, but excluding any Environmental Liabilities resulting or arising from, or attributable to, any claim by a Third Party for bodily injury, death, economic loss, damages or property damage to the extent resulting or arising from, or
attributable to, but only to the extent of (i) the Buyer’s grossly negligent failure to conduct any active remediation required by a Governmental Authority of any Off-Site Contamination, where such failure is shown in a final unappealable
order of a Governmental Authority; or (ii) the Buyer’s grossly negligent conduct of any active remediation required by a Governmental Authority of any Off-Site Contamination (“Third Party Environmental Claims”*).

 2.4.4.3 Governmental Authority Environmental Claims. Subject to the exclusion set forth at 2.4.4.6,
Environmental Liabilities claimed, imposed or accruing, resulting or arising from, or attributable to, any claim by a Governmental Authority following the Closing Date to the extent resulting or arising from, or attributable to, the existence on or
prior to the Closing Date of Hazardous Substances arising from the ownership, operation, conduct or use of the Assets or the Business and the Continuing Conditions (“Governmental Authority Environmental Claims”). 

2.4.4.4 Rebuttable Presumption of Retained Environmental Liabilities. Subject to the exclusion set forth at
Section 2.4.4.5, there shall be a rebuttable presumption that Hazardous Substances, if any, found on, in or at the soil, surface water or ground water at or from the Purchased Assets that are discovered and noticed by Buyer to Seller during the
first five (5) years following the Closing Date are from Continuing Conditions and are Retained Environmental Liabilities of the Seller. Upon receipt of such notice, Seller may seek to rebut the presumption by asserting in writing its right to
do so under this provision within thirty (30) days of receipt of notice from Buyer. Seller may thereafter seek to rebut such presumption by engaging at its sole cost and expense an independent third party approved by Buyer, such approval not to
be unreasonably withheld, conditioned or delayed. Buyer will provide such information as the selected third party deems reasonably necessary to determine within a reasonable degree of certainty whether the Release occurred after the Closing Date. If
the third party can not determine within a reasonable degree of certainty that the Release initially began after the Closing Date, then the Environmental Liabilities will be Retained Environmental Liabilities. 

2.4.4.5 No Retention for Voluntary Actions. The foregoing notwithstanding, Retained Environmental Liabilities shall
not include any Third Party Environmental Claims or Governmental Authority Environmental Claims which result from any Voluntary Actions, as defined at Section 2.3.6.5. 

2.4.4.6 No Retention after Twenty (20) Years. Retained Environmental Liabilities shall not include any
Remedial Work which arise twenty (20) years or more after the Closing Date, regardless of whether such claims relate to Releases or migration or movement of Hazardous Substances that occurred prior to the Closing Date. 

  

					
		  	8	  	Highly Confidential

 2.4.4.7 Fines and Penalties. Retained Environmental Liabilities shall
include any fines or penalties for violations of Environmental Laws, Environmental Permits or Orders with respect to the period prior to the Closing Date and resulting or arising from, or attributable to, the ownership, operation, conduct or use of
the Purchased Assets, Business or Facilities prior to the Closing Date including any fines or penalties for such violations imposed after the Closing for conditions that existed on or prior to the Closing Date. 

2.4.4.8 Change in Laws Excluded. Retained Environmental Liabilities shall not include the coming into force
of, or the change in, any Environmental Law or Environmental Permit (but excluding any new or modified cleanup standard or requirement for Remedial Work) on or after the Closing Date. 

2.4.5 All Liabilities associated with the Purchased Assets or the Business in respect of Taxes for which the Seller and/or
its Affiliates are responsible pursuant to ARTICLE 10 hereof and any Tax that may be imposed on the ownership, operation or use of the Purchased Assets or the Business on or prior to the Closing Date. 

2.4.6 Liabilities for any costs and expenses incurred by the Seller in connection with the transactions contemplated by
this Agreement. 
 2.4.7 All Liabilities arising out of or with respect to Current Employees’, Retained
Employees’, Continuing Employees’ and Former Employees’ employment with, or the termination of their employment from, Seller or its Affiliates; as well as any other Liabilities or obligations for which Seller or its Affiliates will be
responsible pursuant to Section 6.5. 
 2.4.8 All Liabilities for (i) the Claims and Litigation
set forth in Schedule 2.4.8 , which does not include any Claims and Litigation arising prior to January 1, 2007 related to any violation of any Environmental Law or any liability under any Environmental Law and (ii) any other Claims
or Litigation, whether now existing or hereafter arising, which are based upon, accrue, are caused by, arise out of, are associated with, are in respect of, or are incurred, in each case, at any time prior to the Closing, in connection with the
Purchased Assets, the Business, the ownership or operation of the Purchased Assets or the operation or conduct of the Business (such Claims and Litigation described in clauses (i) and (ii) are herein collectively referred to as the
“Retained Litigation”). 
 2.4.9 Notwithstanding anything in this Agreement to the contrary,
Sections 2.4.4 and 2.4.8 contains the only Environmental Liabilities to be retained by the Seller under this Agreement; provided, however, that, nothing in this Section 2.4.9 shall limit the representations and warranties of Seller contained in
Section 4.1.8 or Seller’s obligations set forth in Section 6.9. 
 Section 2.5 No Assignment If Breach;
Multi-Site Agreements. 
 (a) Notwithstanding anything to the contrary set forth in this Agreement, this Agreement shall not
constitute an agreement to assign any Purchased Asset, or assume any Assumed Liability, if the attempted assignment or assumption of the same, as a result of the absence of the consent or authorization of a Third Party or failure of a right of first
refusal or first offer notice period to expire, would constitute a breach or Default under any agreement, Encumbrance or commitment; would violate any Law; or would in any way adversely affect the rights, or increase the obligations, of the Buyer or
the Seller with respect thereto. If any such consent or authorization is not obtained, or if an attempted assignment or assumption would be ineffective or would adversely affect the rights or increase the obligations of the Seller or the Buyer, with
respect to any such agreement, Encumbrance or commitment, so that the Buyer would not, in fact, receive all such rights, or assume the obligations, of the Seller with respect thereto as they exist prior

  

					
		  	9	  	Highly Confidential

 
to such attempted assignment or assumption, then the Seller and the Buyer shall enter into such reasonable cooperative arrangements as may be reasonably acceptable to both the Buyer and the
Seller (including sublease, agency, management, indemnity or payment arrangements and enforcement at the cost and for the benefit of the Buyer of any and all rights of the Seller against an involved Third Party) to provide for or impose upon the
Buyer the benefits of such Purchased Asset or the obligations of such Assumed Liability, as the case may be. If the Parties cannot agree on any such arrangement, or any such arrangement would not be reasonably practicable, to provide the Buyer with
materially all the benefits of such Purchased Asset or materially all the obligations of such Assumed Liability, as the case may be, then such Purchased Asset or Assumed Liability shall be excluded from the transactions contemplated under this
Agreement and shall be deemed to be an Excluded Asset or an Excluded Liability, as the case may be, and the Parties hereto shall negotiate in good faith an equitable adjustment in the Purchase Price, or resolve any disagreement in respect to such
adjustment in accordance with the terms of this Agreement or as otherwise agreed by the Parties. For the avoidance of doubt, the covenants set forth in this Section 2.5 apply pre-Closing and post-Closing. 

(b) The Parties have agreed that the Contracts identified on Schedule 2.2.6 as multi-site agreements (the “Multi-Site
Agreements”) will be governed by this Section 2.5(b) and are not Material Contracts. Seller’s rights and obligations under the Multi-Site Agreements, to the extent such rights and obligations relate to the Business, are described
on Schedule 2.2.6. and are referred to herein as the “Allocated Rights and Obligations.” Unless Seller elects to enter into Other Arrangements, the Parties agree to cooperate with each other and use commercially reasonable
efforts to enter into agreements with the other party or parties and/or each other to each Multi-Site Agreement providing for (i) assignment to and assumption by Buyer, effective from and after the Effective Time, of the Allocated Rights and
Obligations, and (ii) retention by Seller of all rights and obligations of Seller under the Multi-Site Agreements other than the Allocated Rights and Obligations (such agreements set forth in (i) and (ii) being referred to as
“Substitute Arrangements”); provided, that neither Seller nor Buyer will be obligated to enter into or agree to any such Substitute Arrangements unless such Substitute Arrangements have the effect of transferring to the Buyer the
Allocated Rights and Obligations (and reserving to Seller the rights and obligations which are not Allocated Rights and Obligations) on a fair and equitable basis, as determined in the reasonable discretion of Seller and Buyer. In connection with
the foregoing, the Parties agree, as reasonably requested, to submit such financial or other information concerning themselves, and to execute such assumption agreements or similar documents reasonably requested by a Third Party or SXL; provided
that neither Party will be required to make any payment to any Third Party or SXL or to incur any economic burden (other than the assumption of the Allocated Rights and Obligations by Buyer, and the retention of the other rights and obligations
under the Multi-Site Agreements by Seller). In the event that (x) the Parties are unable to enter into Substitute Arrangements with respect to a Multi-Site Agreement in accordance with the foregoing, or (y) Seller notifies Buyer that it
elects not to pursue Substitute Arrangements with respect to such Multi-Site Agreement, then in either case at the Closing the Parties will, to the maximum extent permitted by Law and such Multi-Site Agreement, enter into such arrangements with each
other as are necessary to provide Buyer with the benefits and obligations of the Allocated Rights and Obligations under such Multi-Site Agreement, with Seller retaining the other benefits and obligations under such Multi-Site Agreement from and
after the Effective Time (the “Other Arrangements”). 
 Section 2.6 Purchase Price. 

2.6.1 Consideration. The purchase price (the “Purchase Price”) shall be comprised of (i) the
assumption of the Assumed Liabilities, (ii) an amount equal to U.S. Four Hundred Million Dollars ($400,000,000.00) (the “Cash Purchase Price”), further subject to adjustment as provided in Section 2.6.3, and (iii) if
applicable, an annual cash participation payment as provided in Section 2.6.4 (each, a “Participation Payment”). At the Closing, the Buyer shall (a) pay to the Seller an amount equal to $200,000,000 plus or
minus, as the case may be, an amount equal to the Closing Date Proration 

  

					
		  	10	  	Highly Confidential

 
Adjustment, as determined in accordance with Section 2.6.3.3(a), plus an amount equal to the Estimated Hydrocarbon Inventory Value associated with the products and intermediates
inventory covered by Schedule 2.6.3.2, as determined in accordance with Section 2.6.3.3(b) (collectively, the “Closing Payment”), and (b) deliver to the Seller a Promissory Note in the amount of $200,000,000 and in
the form attached hereto as Exhibit A (the “Promissory Note”). The Buyer shall pay to the Seller the Closing Payment in cash at the Closing by wire transfer of immediately available funds in U.S. dollars to a bank account
specified in writing by the Seller to the Buyer at least two (2) Business Days prior to the Closing Date. On the
10th day following the Closing, the Buyer shall pay to the
Seller an amount equal to the Estimated Hydrocarbon Inventory Value associated with the raw materials/feedstocks inventory covered by Schedule 2.6.3.2, as determined in accordance with Section 2.6.3.3(b) (the “Feedstock
Payment”). The Feedstock Payment shall be made by wire transfer of immediately available funds in U.S. dollars to the bank account specified in writing by the Seller in connection with the Closing Payment. All post-Closing payments under
Section 2.6.3, whether payable by the Buyer or the Seller, shall include an amount for interest from the Closing Date to, but excluding, the date of payment at a rate of 4% per annum on the net amount of adjustments as provided in
Section 2.6.3. 
 2.6.2 Purchase Price Allocation. The Seller and the Buyer shall, within one hundred
eighty (180) days after the Closing Date, use good faith efforts to agree to an allocation of the Purchase Price among the Purchased Assets. If the Seller and the Buyer agree on the allocation of the Purchase Price among the Purchased Assets,
then the Parties agree (i) to report the federal, state and local income and other Tax consequences of the transactions contemplated herein, and in particular to report the information required by Section 1060(b) of the Code, and to
jointly prepare Form 8594 (Asset Acquisition Statement under Section 1060) in a manner consistent with such allocation and (ii) not to take any position inconsistent therewith upon examination of any Tax return, in any refund claim, or in
any litigation or investigation or otherwise, unless required by applicable Laws or with the consent of the other Parties. If the Parties agree on the allocation of the Purchase Price among the Purchased Assets, then the Seller and the Buyer agree
that each will furnish to the other a copy of Form 8594 proposed to be filed with the Internal Revenue Service by such Party or any Affiliate thereof within ten (10) days prior to the filing of such form with the Internal Revenue Service. If
the Parties agree on the allocation of the Purchase Price among the Purchased Assets, then the Buyer further agrees that if the amount of the Purchase Price allocated to any of the Purchased Assets by the Seller or the Buyer increases (or decreases)
after the taxable year that includes the Closing Date, the Seller and the Buyer shall file “Supplemental Asset Acquisition Statements” on Form 8594 with their respective income tax returns for the taxable year in which the increase (or
decrease) is properly taken into account. Notwithstanding anything to the contrary in this Section 2.6.2, if Buyer and Seller are unable to reach agreement with respect to the allocation, they each may file separately Form 8954 with their
respective federal income tax returns. 
 2.6.3 Purchase Price Adjustments. At the Closing, the Cash
Purchase Price shall be adjusted, without duplicating, by adding or subtracting, as applicable, an amount equal to the aggregate net adjustment as set forth in Sections 2.6.3.1 through 2.6.3.3. Following the Closing, the Cash Purchase Price shall be
further adjusted, without duplicating, by adding or subtracting, as applicable, by the adjustments contemplated by Section 2.6.3.4. 
 2.6.3.1 The Cash Purchase Price shall be adjusted to account for (a) the items prorated as of the Closing pursuant to Section 2.7 and (b) the vacation accrual adjustment described in
Section 6.5.11 of Exhibit 6.5. 
 2.6.3.2 The Cash Purchase Price shall be adjusted to include the
value of the Hydrocarbon Inventory established in accordance with the procedures set forth on Schedule 2.6.3.2 and in this Section 2.6.3 (the “Hydrocarbon Inventory Value”), which Schedule 2.6.3.2 shall

  

					
		  	11	  	Highly Confidential

 
exclude the following from the calculation of the Hydrocarbon Inventory Value: (i) intra-Refinery line fill, (ii) unit fill at the Facilities, and (iii) BS&W in storage tanks
at the Facilities. 
 2.6.3.3 (a) At least five (5) days prior to the Closing Date, the Seller shall
prepare and deliver to the Buyer an estimated closing statement (the “Estimated Closing Statement”) that shall set forth the Seller’s best estimate of all adjustments to the Cash Purchase Price required by Section 2.6.3.1
(the “Estimated Proration”), together with reasonably detailed information supporting the calculated Estimated Proration. The Seller shall provide the Buyer an opportunity to provide written and oral comments to the Estimated
Closing Statement and shall in good faith consider such comments. The Cash Purchase Price shall be adjusted (the “Closing Date Proration Adjustment”) as of the Closing by an amount equal to the Estimated Proration. 

(b) At least five (5) days prior to the Closing Date, the Seller shall prepare and deliver to the Buyer a statement
(the “Estimated Hydrocarbon Inventory Statement”) setting forth the estimated Hydrocarbon Inventory Value established in accordance with Schedule 2.6.3.2 (the “Estimated Hydrocarbon Inventory Value”),
together with reasonably detailed information supporting the calculated Estimated Hydrocarbon Inventory Value. The Buyer and Seller will cause the Petroleum Inspection Company to measure, pursuant to the procedures on Schedule 2.6.3.2, the
Hydrocarbon Inventory as of the Hydrocarbon Inventory Transfer Time. 
 2.6.3.4 The following adjustments shall
be made following Closing: 
 (a) As soon as practicable, but in any event no later than sixty (60) days
following the Closing Date, the Buyer shall cause to be prepared and delivered to the Seller a statement (the “Post-Closing Statement”) setting forth the aggregate value of all adjustments to the Cash Purchase Price as required by
Schedule 2.6.3.2 and as required by this Section 2.6.3 not previously effected by the Closing Date Proration Adjustment (the “Closing Value”) (with adjustments reducing the Cash Purchase Price being a negative number and
adjustments increasing the Cash Purchase Price being a positive number) together with reasonably detailed information supporting the Closing Value using the measurement of the Petroleum Inspection Company referenced in Section 2.6.3.3(b). Upon
receipt of the Post-Closing Statement, the Seller and the Seller’s independent accountants shall be permitted during the succeeding thirty (30) day period to examine the Post-Closing Statement, the supporting information provided by the
Buyer and such other documents as the Seller may reasonably request in connection with its review. If, within thirty (30) days following delivery of the Post-Closing Statement, the Seller shall not have given the Buyer notice of the
Seller’s objection to any of the computations in the Post-Closing Statement (which notice shall contain a reasonably detailed statement of the basis of such objection), then the Post-Closing Statement will be final and binding upon the Parties,
absent manifest error. If the Seller gives notice to the Buyer of the Seller’s objection, and the Seller and the Buyer are unable to resolve the issues in dispute within thirty (30) days after delivery of such notice of objection, each of
the Seller’s and the Buyer’s positions with respect to the Post-Closing Statement and the computation of the Closing Value will be submitted to, depending on the subject matter of the dispute, either the Accountants or the Refinery Expert
solely for resolution of the computation of the Closing Value. The Buyer and the Seller shall each immediately enter into a customary engagement letter with the Expert and shall instruct the Expert that the written determination (which shall contain
the underlying reasoning) of the Expert with respect to such disputed items, and the accuracy of the disputed Post-Closing Statement as a result of the resolution of such disputed items, shall be completed and distributed to the Buyer and the Seller
within 30 days after the engagement of the Expert. The parties shall not submit for resolution by the Expert any matters requiring interpretation of the terms hereof, which may only be resolved amicably or through the procedures contemplated by
Section 11.6. If the computation of the Closing Value is submitted to the Expert for resolution, (x) each Party will furnish to the Expert such work papers and other documents and information relating to the disputed issues as the Expert
may request and as are available to that Party (or 

  

					
		  	12	  	Highly Confidential

 
its independent public accountants or other consultants), and will be afforded the opportunity to present to the Expert any material relating to such issues and to discuss the same with the
Expert; (y) the Expert’s determination and/or computation of the Closing Value shall be binding and conclusive on the Parties and will be deemed to be the final Closing Value for the Post-Closing Statement; and (z) the fees, costs and
expenses of the Expert for such determination shall be borne by the Buyer, on the one hand, and the Seller, on the other hand, in the same proportion that the dollar amount of disputed items lost by the Buyer on the one hand, or the Seller, on the
other hand, bears to the total dollar amount in dispute that is resolved by the Expert. 
 (b) If the Closing
Value as finally determined pursuant to Section 2.6.3.4(a) (the “Adjustment Balance”) is less than zero, then the Seller shall pay to the Buyer an amount equal to such deficit by wire transfer of immediately available funds to such
account or accounts of the Buyer, as may be designated by the Buyer. If the Adjustment Balance is greater than zero, the Buyer shall pay to the Seller an amount equal to the surplus by wire transfer of immediately available funds to such account or
accounts of the Seller, as may be designated by the Seller. Such amounts shall be paid by the applicable Party to the other Party within two (2) Business Days of the final determination of the Closing Value pursuant to Section 2.6.3.4(a),
which amount of the payment shall bear interest from and including the Closing Date or from such later date when the Party receiving a payment makes a payment to a third party, to, but excluding, the date of payment at a rate per annum equal to
4.0%. Such interest shall be payable at the same time as the payments to which it relates and shall be calculated on the basis of a year of three hundred sixty-five (365) days and the actual number of days for which it is due. 

(c) Each Party agrees that, following the Closing, it shall not knowingly take any actions with respect to the accounting
books, records, policies and procedures of the Business that would obstruct or prevent the preparation of the Post-Closing Statement as provided in this subsection. The Seller shall cooperate in the preparation of the Post-Closing Statement,
including providing customary certifications to the Buyer, or, if requested, to the Buyer’s independent accountants or the accounting firm selected by mutual agreement of the Parties pursuant to this Section. The Buyer and the Seller shall each
bear its own expenses incurred in connection with the preparation and review of the Post-Closing Statement. 

2.6.4 Participation Payment. If owed pursuant to Schedule 2.6.4, the Buyer shall pay to the Seller a
Participation Payment for the 2011, 2012, 2013, 2014, 2015 and 2016 calendar years (each a “Participation Year” and collectively, the “Participation Years”). Each Participation Payment shall be calculated,
established and paid in accordance with Schedule 2.6.4 and all Participation Payments together, shall be subject to an aggregate cap of U.S. One Hundred Twenty-Five Million ($125,000,000.00). Each Participation Payment shall be paid by the
Buyer no later than one hundred twenty (120) days after the close of calendar year end, by wire transfer of immediately available funds in U.S. dollars to a bank account specified in writing by the Seller to the Buyer at least two
(2) Business Days prior to the end of a Participation Year. 
 Section 2.7 Prorations. 

2.7.1 The Buyer and the Seller agree that all of the items normally prorated, including those listed below (but not
including income Taxes), relating to the Business or operation of the Purchased Assets shall be prorated as of the Closing, with the Seller liable to the extent such items relate to any time period prior to the Closing Date, and the Buyer liable to
the extent such items relate to periods on and after the Closing Date (measured in the same units used to compute the item in question, or otherwise measured by calendar days): 

  

					
		  	13	  	Highly Confidential

 2.7.1.1 personal property, real estate and occupancy Taxes, assessments and
other charges, including those of the type that could give rise to a Permitted Encumbrance or are payable in installments of which any installment is due and payable, if any, on or with respect to the Business or operation of the Purchased Assets;

 2.7.1.2 rent, Taxes and all other items (including prepaid services or goods not included in Hydrocarbon
Inventory) payable by or to the Seller under any Assigned Contracts (but excluding those items relating to the Retained Inventory); 
 2.7.1.3 any permit, license, registration, compliance assurance fees or other similar fees with respect to any Licenses and Permits; 

2.7.1.4 sewer rents and charges for water, telephone, electricity and other utilities; 

2.7.1.5 fees or charges imposed by any Governmental Authority; and 

2.7.1.6 the Prepayments. 
 2.7.2 The proration of Taxes referred to in Section 2.7.1.1 will be made in accordance with ARTICLE 10. 
 2.7.3 In connection with the prorations referred to in Sections 2.7.1.2 through 2.7.1.6 above, if the actual figures are not available at the Closing Date, the proration shall be based upon the actual
amounts accrued through the Closing Date or paid for the most recent year (or other appropriate period) for which amounts paid are available, with a further adjustment to be made after the Closing within forty-five (45) days of the date that
such amounts are finalized. The prorations shall be based on the number of days in a year or other appropriate period (a) before the Closing Date and (b) including and after the Closing Date. The Seller and the Buyer agree to furnish each
other with such documents and other records as may be reasonably requested in order to confirm all adjustment and proration calculations made pursuant to Section 2.7.1. 
 Section 2.8 The Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place at the offices of Foley & Lardner LLP located
at 90 Park Avenue, New York, NY 10016-1314 commencing at 10:00 a.m. local time on the later of (1) February 1, 2011 if all conditions to the obligations of the Parties to consummate the transactions contemplated by this Agreement have been
satisfied or waived by the applicable Party (other than conditions with respect to actions each Party will take at the Closing) on or before February 1, 2011, or (2) on the first day of the month following the month in which all conditions
to the obligations of the Parties to consummate the transactions contemplated by this Agreement have been satisfied or waived by the applicable Party (other than conditions with respect to actions each Party will take at the Closing), or such other
date as the Buyer and the Seller may mutually determine (the “Closing Date”). Title to, ownership of, control over and risk of loss of the Purchased Assets shall pass to the Buyer effective as of 12:01 a.m., local time on the
Closing Date unless expressly provided otherwise herein. 
 Section 2.9 Deliveries at the Closing. At the Closing,

 2.9.1 the Seller shall duly execute and deliver to the Buyer: 

2.9.1.1 the certificate referred to in Section 7.1.4; 

  

					
		  	14	  	Highly Confidential

 2.9.1.2 one or more deed(s) substantially in the form of Exhibit B,
respectively, executed by Seller, pursuant to which the Seller conveys its good and marketable title and interest in and to the Owned Real Properties to the Buyer or an assignee or designee of the Buyer to the extent permitted by Section 11.3,
free and clear of all Encumbrances other than Permitted Encumbrances; 
 2.9.1.3 a Bill of Sale, Assignment, and
Assumption Agreement substantially in the form of Exhibit C (“Bill of Sale, Assignment and Assumption Agreement”), executed by Seller, pursuant to which the Seller conveys its good and marketable title and interest in and to
the Purchased Assets other than the Owned Real Properties, free and clear of all Encumbrances other than Permitted Encumbrances, and the Buyer assumes the Assumed Liabilities; 

2.9.1.4 the certificate required by Section 10.10; 

2.9.1.5 such resolutions and certificates as the Buyer shall require to evidence the due authorization of the execution
and performance by the Seller of this Agreement and the documents to be delivered pursuant hereto, and the Seller’s Articles of Incorporation and by-laws, as amended, certified by the secretary or assistant secretary of the Seller; 

2.9.1.6 certificates of good standing of the Seller, issued by the Secretary of State of the Commonwealth of Pennsylvania;

 2.9.1.7 all approvals and actions of, filings with and notices to any Governmental Authority necessary to
permit the Seller to perform its obligations under this Agreement, but only to the extent the Seller has obtained such approvals or actions of such Governmental Authorities; 

2.9.1.8 an agreement regarding the sale by the Buyer and the purchase by the Seller of certain refined product produced at
the Facilities in the form attached hereto as Exhibit D (the “Off-Take Agreement”), executed by Seller; 
 2.9.1.9 a Transition Services Agreement substantially in the form attached hereto as Exhibit E (the “Transition Services Agreement”), executed by Seller; 

2.9.1.10 the Security Documents, executed by Seller; 

2.9.1.11 the Seller Parent Guaranty, executed by Seller Parent; and 

2.9.1.12 The Agency Agreement, executed by Seller. 

2.9.2 the Buyer shall deliver to the Seller the Closing Payment and shall duly execute and deliver to the Seller:

 2.9.2.1 the Promissory Note, executed by Buyer; 

2.9.2.2 the Agency Agreement, executed by Buyer. 

2.9.2.3 the certificates referred to in Section 7.2.4; 

  

					
		  	15	  	Highly Confidential

 2.9.2.4 a Bill of Sale, Assignment, and Assumption Agreement, executed by
Buyer, pursuant to which the Seller conveys its good and marketable title and interest in and to the Purchased Assets other than the Owned Real Properties, free and clear of all Encumbrances other than Permitted Encumbrances, and the Buyer assumes
the Assumed Liabilities; 
 2.9.2.5 pursuant to Section 10.3, (i) a resale certificate with respect to
the Hydrocarbon Inventory in a form reasonably satisfactory to the Seller and (ii) any other certificates or instruments necessary for the sale and transfer of the Purchased Assets or Hydrocarbon Inventory without any sales, excise or use
Taxes, including the OH Sales Tax, all to be in a form reasonably satisfactory to the Seller, and the Parties shall consult with each other to ensure that such instruments are in the form necessary for each Party to retain and maintain the
applicable Tax exemption; 
 2.9.2.6 such resolutions and certificates as the Seller shall require to evidence
the due authorization of the execution and performance by the Buyer of this Agreement and the documents to be delivered pursuant hereto, and the Buyer’s Certificate of Formation and Limited Liability Company Agreement, as amended, certified by
the secretary or assistant secretary of the Buyer; 
 2.9.2.7 a certificate of good standing of the Buyer, issued
by the Secretary of State of Delaware; 
 2.9.2.8 the Off-Take Agreement, executed by Buyer; 

2.9.2.9 a Transition Services Agreement, executed by Buyer; 

2.9.2.10 the Security Documents, executed by Buyer or Buyer’s Parent, as applicable; 

2.9.2.11 one or more Pipeline Rights-of-Way and Easements relating to the 12 inch Gasoline Pipeline, which is an Excluded
Asset, substantially in the form attached hereto as Exhibit F, executed by Buyer; and 
 2.9.2.12 a
standby letter of credit, in a form and from a bank acceptable to Seller, securing the Feedstock Payment. 

2.9.3 the Seller and the Buyer shall deliver (a) such other instruments of conveyance and/or assumption in respect of
specified Purchased Assets or Assumed Liabilities as the other may reasonably request; provided that the terms and provisions of such other instruments do not increase the warranties, representations or obligations of the Parties or their respective
Affiliates beyond those provided under this Agreement or reduce the rights or interests of the Parties or their respective Affiliates under this Agreement and (b) any other documents, instruments or agreements contemplated hereby and/or
necessary or appropriate to consummate the transactions contemplated hereby; provided that the terms and provisions of such other instruments do not increase the warranties, representations or obligations of the Parties or their respective
Affiliates beyond those provided under this Agreement or reduce the rights or interests of the Parties or their respective Affiliates under this Agreement. 
 Section 2.10 Delivery of Buyer’s Parent Guaranty. Contemporaneously with the execution and delivery of this Agreement, Buyer’s Parent shall duly execute and deliver to Seller the
Buyer’s Parent Guaranty. 

  

					
		  	16	  	Highly Confidential

 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES CONCERNING 
 THE TRANSACTION

 Section 3.1 Representations and Warranties Concerning the Seller. As an inducement to the Buyer to enter into
this Agreement and to consummate the transactions contemplated by this Agreement, Seller makes the representations and warranties to the Buyer set forth in this Section 3.1 except as set forth in, or qualified by any matter set forth in, the
Schedules. References to specific, numbered Schedules in this Section 3.1 do not limit the general applicability of the exceptions, qualifications, and other matters set forth in all other Schedules to each and every representation and warranty
set forth in this Section 3.1 to the extent the applicability of the exceptions or qualifications to other non-referenced representation and warranty is reasonably apparent. 

3.1.1 Organization of the Seller. The Seller is a corporation duly organized and validly existing under the Laws of
the jurisdiction of its formation. The Seller is duly authorized to conduct business and is in good standing under the Laws of each jurisdiction where such qualification is required, except where the lack of such qualification would not have a
Material Adverse Effect. The Seller has the requisite corporate power and authority necessary to carry on the Business and to own and use the Purchased Assets owned or operated by it. 

3.1.2 Authorization of Transaction. The Seller has full corporate power and authority to execute and deliver this
Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of the Seller enforceable in accordance with its terms and conditions, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors’ rights generally and by legal and equitable limitations on the availability of specific remedies. The Seller need not give any
notice to, make any material filing with, or obtain any material authorization, consent, or approval of any Governmental Authority or any Third Party in order to consummate the transactions contemplated by this Agreement, except for the prior
approval or expiration of the applicable waiting period of the Federal Trade Commission (“FTC”) and any other applicable Governmental Authorities and Third Parties listed in Schedule 3.1.2 and required consents for Material
Contracts. 
 3.1.3 Noncontravention. Except for the prior approval or expiration of the applicable
waiting period of the FTC and any other applicable Governmental Authorities and Third Parties listed in Schedule 3.1.2, neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated under this
Agreement, will (i) violate any provision of the Organizational Documents of the Seller, (ii) violate any Law to which the Seller is subject or to which any Purchased Asset is subject, (iii) violate any Licenses and Permits of the
Seller, or (iv) conflict with, result in a breach of, constitute a Default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or trigger any rights to payment or other compensation
or require any notice under any agreement, Contract, lease, license, instrument, or other arrangement to which the Seller is a party or by which it is bound that would prevent or materially delay the consummation of the transactions contemplated
under this Agreement, other than, in the cases of clauses (ii) through (iv), as would not, individually or in the aggregate, have a Material Adverse Effect. 

3.1.4 Brokers’ Fees. Seller has no Liability or obligation to pay any fees or commissions to any broker,
finder, or agent with respect to the transactions contemplated by this Agreement for which the Buyer or any Affiliate of the Buyer will be obligated. 

  

					
		  	17	  	Highly Confidential

 Section 3.2 Representations and Warranties Concerning the Buyer. As an
inducement to Seller to enter into this Agreement and to consummate the transactions contemplated by this Agreement, the Buyer makes the representations and warranties to Seller set forth in this Section 3.2 except as set forth in, or qualified
by any matter set forth in, the Schedules. References to specific, numbered Schedules in this Section 3.2 do not limit the general applicability of the exceptions, qualifications, and other matters set forth in all other Schedules to each and
every representation and warranty set forth in this Section 3.2 to the extent the applicability of the exceptions or qualifications to other non-referenced representation and warranty is reasonably apparent. 

3.2.1 Organization and Authorization of the Buyer. 

3.2.1.1 The Buyer is a limited liability company duly formed and validly existing under the Laws of the jurisdiction of
its formation. The Buyer is duly authorized to conduct business and is in good standing under the Laws of each jurisdiction where such qualification is required, except where the lack of such qualification would not have a material adverse effect.
The Buyer has the requisite limited liability company power and authority necessary to carry on the business in which it is engaged and to own and use the properties owned and used by it. 

3.2.1.2 The Buyer has full limited liability company power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of the Buyer, enforceable in accordance with its terms and conditions, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors’ rights generally and by legal and equitable limitations on the availability of specific remedies. The Buyer need not give any notice to,
make any material filing with, or obtain any material authorization, consent, or approval of any Governmental Authority or any Third Party in order to consummate the transactions contemplated by this Agreement, except for the prior approval or
expiration of the applicable waiting period of the FTC and any other applicable Governmental Authorities and Third Parties listed in Schedule 3.2.1.2. 
 3.2.2 Noncontravention. Except for the prior approval or expiration of the applicable waiting period of the FTC and any other applicable Governmental Authorities and Third Parties listed in
Schedule 3.2.1.2, neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated under this Agreement, by the Buyer (i) will violate any provision of the Organizational Documents of the Buyer
or (ii) violate any Law to which the Buyer is subject, (iii) violate any License of the Buyer or (iv) conflict with, result in a breach of, constitute a Default under, result in the acceleration of, create in any party the right to
accelerate, terminate, modify, or cancel, or trigger any rights to payment or other compensation, or require any notice, approval or consent under any agreement, Contract, lease, license, instrument, or other arrangement to which the Buyer is a
party or by which it is bound that could prevent or materially delay the consummation of the transactions contemplated under this Agreement other than, in the cases of clauses (ii) through (iv), as would not, individually or in the aggregate,
have a Buyer Material Adverse Effect. 
 3.2.3 Brokers’ Fees. The Buyer has no Liability or
obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated by this Agreement for which the Seller or any Affiliate of the Seller will be obligated. 

3.2.4 Financing. The Buyer will have at Closing sufficient immediately available funds to enable it to make the
Closing Payment and adjustments thereto pursuant to Section 2.6 at the Closing without encumbrance or delay and without causing the Buyer to become insolvent or to declare insolvency. 

  

					
		  	18	  	Highly Confidential

 3.2.5 Qualified for Licenses and Permits. The Buyer is qualified to
obtain any material Licenses and Permits necessary for the ownership and operation by the Buyer of the Purchased Assets and the Business as of the Closing in the same manner as the Purchased Assets and the Business are presently owned or operated by
the Seller. 
 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES 
 CONCERNING THE PURCHASED ASSETS

 Section 4.1 Representations and Warranties Concerning the Purchased Assets. As an inducement to the Buyer to
enter into this Agreement and to consummate the transactions contemplated by this Agreement, Seller makes the representations and warranties to the Buyer set forth in this ARTICLE 4 except as set forth in, or qualified by any matter set forth in,
the Schedules. References to specific, numbered Schedules in this ARTICLE 4 do not limit the general applicability of the exceptions, qualifications, and other matters set forth in all other Schedules to each and every representation and warranty
set forth in this ARTICLE 4 to the extent the applicability of the exceptions or qualifications to other non-referenced representation and warranty is reasonably apparent. 

4.1.1 Ownership of the Purchased Assets. Except for Permitted Encumbrances, the Seller has good and marketable
(and, in the case of real property, also indefeasible) title to all of the Purchased Assets (excluding the Leased Real Property or other leasehold interests which are leased to a Seller pursuant to Assigned Contracts) and such title to the Purchased
Assets will be transferred at the Closing to the Buyer free and clear of all Encumbrances, except for Permitted Encumbrances. 
 4.1.2 Real Property. Except as disclosed or referenced on Schedule 4.1.2: 
 4.1.2.1 Subject to Permitted Encumbrances, the Owned Real Property and the Leased Real Property constitute all the fee and leasehold interests in real property used in connection with the Business.

 4.1.2.2. The Seller has not received any written notice for assessments for public improvements against any of
the Owned Real Property which remain unpaid beyond the established date for payment and after which date a penalty is imposed thereon. 
 4.1.2.3 The Seller has not received any written notice regarding any pending condemnation, eminent domain or similar proceeding affecting all or any portion of any of the Owned Real Property. 

4.1.2.4 To the extent in the possession or control of the Seller or its Affiliates, the Seller has made available to the
Buyer or given the Buyer access to true, correct and complete copies of all of the following pertaining to the Owned Real Property: (i) title reports, title abstracts, title insurance policies and commitments therefor and (ii) leases,
licenses or other rights of occupancy affecting the Owned Real Property, including all amendments, modifications and extensions, and together with all subordination, nondisturbance and/or attornment agreements or any brokerage commission agreements
related thereto and estoppel certificates. 
 4.1.2.5 To the Knowledge of the Seller, there are no unexercised
options, rights of first offer or rights of first refusal to purchase the Owned Real Property, or any portion thereof or interest therein, recorded or unrecorded. 

  

					
		  	19	  	Highly Confidential

 4.1.2.6 Each item of Equipment that constitutes part of the Owned Real
Property (“Fixture Equipment”) has been maintained in the Ordinary Course of Business. The Fixture Equipment does not include any Excluded Assets. 

4.1.3 Certain Personal Property; Sufficiency. All fixed assets constituting material items of personal property
included in the Purchased Assets are, and any such material items of personal property acquired after the date hereof in accordance with Section 5.3 will be, usable in the Ordinary Course of Business, and conform and will conform, in all
material respects, with any applicable Laws relating to its construction, use and operation. Except as set forth in Schedule 4.1.3 and the Excluded Assets, the Purchased Assets constitute all of the assets necessary to conduct the Business as
has historically been conducted by Seller in the Ordinary Course of Business. 
 4.1.4 Contracts and
Commitments. Schedule 4.1.4(a) lists each Material Contract and identifies those Material Contracts for which the Seller does not have an executed version. Each Material Contract for which the Seller has an executed version (as so
identified on Schedule 4.1.4(a)) is in full force and effect and is valid and binding on the Seller and, to the Knowledge of the Seller, the other parties thereto. Except as set forth in Schedule 4.1.4(b), the Seller has performed all
obligations required to be performed by it to date under the Material Contracts, and is not in Default under any obligation of any such Material Contracts, except where such failure to perform or Default would not have a Material Adverse Effect. To
the Seller’s Knowledge, no other party to any such Material Contracts is in Default thereunder and no event or circumstance has occurred that, with notice or lapse of time or both, would constitute any event of material Default thereunder.

 4.1.5 Licenses and Permits. Schedule 2.1.7 lists each Order, License and Permit that is material
to the Business. The Seller possesses all material Licenses and Permits necessary for its operation of the Purchased Assets and the Business at the location and in the manner presently operated. A true and correct copy of each such License set forth
on Schedule 2.1.7 has previously been delivered to or made available for inspection by the Buyer or the Buyer has been given access thereto. 
 4.1.6 Compliance with Law. Except as set forth on Schedule 4.1.6 or where the failure to be in compliance would not have a Material Adverse Effect, the Seller is and has been in compliance
with all, and to the Knowledge of the Seller is not under investigation with respect to and has not been threatened to be charged with or given notice of any violation of any, applicable Laws and Licenses, Orders and Permits related to the ownership
and operation of the Purchased Assets or the Business. 
 4.1.7 Tax Matters. Notwithstanding anything in
this Agreement to the contrary, the representations and warranties contained in this Section 4.1.7 are the sole and exclusive representations and warranties of the Seller pertaining or relating to matters arising under or with respect to Taxes.

 4.1.7.1 The Seller has duly and timely filed all material Tax Returns which are or will be due and required to
be filed on or before the Closing Date in connection with its ownership and operations of the Purchased Assets or the Business, and Tax liabilities and all other information reported in such Tax Returns are or shall be correct and complete in all
material respects; 
 4.1.7.2 All Taxes shown to be payable on the Tax Returns referred to in this Section 4.1.7
have been or will be timely paid prior to the Closing Date, and to the Knowledge of the Seller, no Taxes are payable by the Seller in connection with the Seller’s ownership of the Purchased Assets or the Business and the operation or conduct
thereof, for or with respect to the periods covered by such Tax Returns; 

  

					
		  	20	  	Highly Confidential

 4.1.7.3 All current-year Ohio real property Taxes due and payable prior to
the Closing Date have been or will be timely paid; 
 4.1.7.4 All Taxes, assessments, reassessments, and all
other similar governmental charges, penalties, interest and fines in connection with the Seller’s ownership and operations of the Purchased Assets and the Business and imposed upon other persons or entities, but which are collected by the
Seller on behalf of any Taxing Authority or other Governmental Authority on or before the Closing Date, have been or will be paid when due; 
 4.1.7.5 All Taxes, assessments, reassessments and governmental charges in connection with the Seller’s ownership of the Purchased Assets and the Business and due and payable by the Seller on or
before the Closing Date shall have been paid by the Seller on or before the Closing Date except for any such charges which the Seller has decided to contest in good faith and for which it has taken appropriate procedural actions to preserve its
rights; 
 4.1.7.6 Except as set forth on Schedule 4.1.7.6, there are no audits, claims, assessments,
levies, administrative proceedings, or lawsuits pending, or to the Knowledge of the Seller, threatened against the Seller with respect to the ownership and operation of the Purchased Assets or the Business by any Taxing Authority; and 

4.1.7.7 There are no liens for Taxes (other than for current Taxes not yet due or payable) upon the Purchased Assets or
the Business. 
 4.1.8 Environmental Matters. Except as disclosed or referenced on Schedule 4.1.8:

 4.1.8.1 The Seller’s ownership and operation of the Purchased Assets and operation and conduct of the
Business as presently owned and operated are in material compliance with all applicable Environmental Laws, Orders and all Environmental Permits. 
 4.1.8.2 The Seller is not a party to any outstanding written order, injunction, judgment, decree or ruling that arose from the Seller’s operation and conduct of the Business or ownership and
operation of the Purchased Assets and relates to (i) the Seller’s compliance with Environmental Laws, (ii) Remedial Work required to be performed by the Seller, or (iii) any Release of Hazardous Substances or presence of
Hazardous Substances. 
 4.1.8.3 Since January 1, 2007, the Seller has not received any written
communication alleging that, with respect to the Seller’s operation and conduct of the Business or ownership and operation of the Purchased Assets, the Seller may be in violation of any Environmental Law or may have any liability under any
Environmental Law. 
 4.1.8.4 To the Seller’s Knowledge there is no investigation by a Governmental
Authority of the Business or the Purchased Assets, pending or threatened in writing, pursuant to any Environmental Law, Orders or Environmental Permits 
 4.1.8.5 There are no imminent material restrictions on the ownership, occupancy, use, or transferability of the Owned Real Property or the Leased Real Property arising under any Environmental Law, Orders
or Environmental Permits. 
 4.1.8.6 The Seller possesses all Environmental Permits and Orders that allow the
conduct of the Business and the operation of the Purchased Assets to be conducted in material compliance with Environmental Laws, Orders or Environmental Permits. 

  

					
		  	21	  	Highly Confidential

 4.1.8.7 Schedule 4.1.8.7 contains a list of all material
Environmental Permits and Orders. 
 4.1.8.8 Schedule 4.1.8.8 contains a list of all Refinery tank
inspection due dates under API 653. 
 4.1.8.9 Notwithstanding anything in this Agreement to the contrary, the
representations and warranties contained in this Section 4.1.8 are the sole and exclusive representations and warranties of the Seller pertaining or relating to matters arising under or with respect to environmental matters, Environmental Laws,
Environmental Permits, or Hazardous Substances. 
 4.1.9 Litigation. Except as set forth on Schedule
4.1.9, there are no actions, suits, claims or proceedings pending with service of process made on the Seller (or its Affiliates) or, to the Seller’s Knowledge, threatened or pending without service of process made on the Seller (or its
Affiliates), against the Seller (or its Affiliates) or before or by any Governmental Authority, in each case relating to the Purchased Assets or the Business at law or in equity,. There is no condemnation proceeding pending with service of process
made on the Seller (or its Affiliates) or, to the Seller’s Knowledge, threatened or pending without service of process made on the Seller (or its Affiliates), against any of the Owned Real Property or Leased Real Property. 

4.1.10 Employee Matters. Notwithstanding anything in this Agreement to the contrary, the representations and
warranties contained in this Section 4.1.10 and Section 4.1.11 are the sole and exclusive representations and warranties of the Seller pertaining or relating to matters with respect to the Current Employees. With respect to the Purchased
Assets or the Business, the Seller or its Affiliates are in material compliance with all applicable federal, state and local Laws pertaining to employment and employment practices, terms and conditions of employment, wages and hours, payment of
unemployment benefits and taxes and workers’ compensation, including Title VII of the Civil Rights Act of 1964, as amended, the Equal Pay Act, as amended, the Fair Labor Standards Act, as amended, the Americans with Disabilities Act, the Age
Discrimination in Employment Act, the Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security Act, the National Labor Relations Act and the Code. Except as set forth on Schedule 4.1.10(A), (i) Seller is
not a party to, nor is it negotiating, any collective bargaining or other agreement with any union or other association of employees relating to the Current Employees; (ii) no labor union or employee organization has been certified or
recognized as the collective bargaining representative of the Current Employees; (iii) there is no labor strike, slowdown or work stoppage or lockout pending or, to Knowledge of the Seller, threatened against or affecting the Business. Except
as set forth on Schedule 4.1.10(B), none of the current or past employees of the Seller or its Affiliates engaged in the Business have a pending or, to the Seller’s or its Affiliates’ Knowledge, threatened claim against the Seller
or its Affiliates relating to the Purchased Assets. Except as set forth on Schedule 4.1.10(B), neither the Seller nor its Affiliates have pending against them related to the Business any unfair labor practice charges, other administrative
charges, claims, grievances, proceedings or lawsuits before any court, governmental agency, regulatory body or arbiter arising under any federal, state or local Law governing employment. Except as set forth on Schedule 4.1.10(C), the Seller
has no express or implied or written or oral Contracts of employment with any of the Current Employees. 
 4.1.11
Compensation and Employee Benefits. Notwithstanding anything in this Agreement to the contrary, the representations and warranties contained in Section 4.1.10 and this Section 4.1.11 are the sole and exclusive representations and
warranties of the Seller pertaining or relating to matters with respect to the Current Employees. 
 4.1.11.1
Schedule 4.1.11.1 sets forth a list, as of the date hereof, of each material plan, program, or arrangement relating to compensation or employee benefits for employees of any of the Seller or its Affiliates currently providing services related
to or in connection with the Business (the 

  

					
		  	22	  	Highly Confidential

 
“Seller Plans”). There are no Liabilities with respect to any Seller Plans, including any such Liabilities pursuant to Title IV of the Employee Retirement Income Security Act of
1974, as amended (“ERISA”) (including any “withdrawal liability” with respect to any multiemployer plan as defined in Section 3(37) of ERISA), that would be imposed on the Seller, any of its Affiliates, any member of
the Business, or the Buyer or any of its Affiliates. 
 4.1.11.2 None of the Seller Plans listed on Schedule
4.1.11.1 is a “multiemployer plan” as defined in Section 3(37) of ERISA. Each Seller Plan listed on Schedule 4.1.11.1 which is intended to be qualified under Section 401(a) of the Code is and at all times has been so
qualified and the Seller has no Knowledge of any fact which would have a Material Adverse Effect on the qualified status of any such plan. The Internal Revenue Service has issued a favorable determination letter with respect to each Seller Plan
intended to be qualified under Section 401(a) of the Code, and has not revoked, or to the Seller’s Knowledge threatened to revoke, that determination letter, or the Seller has submitted such plan to the Internal Revenue Service for a
determination and the Seller expects such a letter to be issued. 
 4.1.12 Intellectual Property. Except
as set forth on Schedule 4.1.12, to the Knowledge of the Seller, the Owned Intellectual Property described on Schedule 2.1.11(A) and the Licensed Intellectual Property described on Schedule 2.1.11(B) constitute all of the
material Intellectual Property used by the Seller exclusively with respect to the ownership and operation of the Purchased Assets or the conduct of the Business. Except as disclosed on Schedule 4.1.12, the Owned Intellectual Property or
Licensed Intellectual Property or the ownership and operation of the Purchased Assets or the conduct of the Business does not infringe and the Seller does not have Knowledge of any claim of infringement regarding any Intellectual Property of any
other Person. 
 4.1.13 Financial Information; Absence of Certain Changes. The financial information set
forth on Schedule 4.1.13 has been delivered to the Buyer, was prepared in the Ordinary Course of Business and was included in the information used to compile the financial statements of Sunoco, Inc. Except as contemplated by this Agreement,
the Business has been conducted in the Ordinary Course of Business since December 31, 2008, and during that time, to the Knowledge of the Seller, there has not been any change, event, occurrence, development or state of circumstances or facts
that has had or could reasonably be expected to have a Material Adverse Effect. 
 4.1.14 Ownership of the
Idle Assets. Notwithstanding anything to the contrary contained in this ARTICLE 4 and in this Agreement, the representations and warranties contained in this Section 4.1.14 are the sole and exclusive representations and warranties of the
Seller pertaining to the Idle Assets and all references to the Purchased Assets in each of Sections 4.1.1, 4.1.2, 4.1.3, 4.1.4, and 4.1.10 through 4.1.13 shall be deemed to exclude the Idle Assets. The Seller has good and marketable title to all of
the Idle Assets and such title to the Idle Assets will be transferred at the Closing to the Buyer free and clear of all Encumbrances, except for Permitted Encumbrances. 
 REGARDING THE IDLE ASSETS, NOTWITHSTANDING ANYTHING CONTAINED TO THE CONTRARY IN ANY OTHER PROVISION OF THIS AGREEMENT OR ANY DOCUMENT DELIVERED BY THE SELLER IN CONNECTION WITH THIS AGREEMENT, IT IS THE
EXPLICIT INTENT AND UNDERSTANDING OF EACH PARTY HERETO THAT EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES REGARDING TITLE EXPRESSLY MADE BY SELLER IN THIS SECTION 4.1.14, THE SELLER IS NOT MAKING ANY REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS,
IMPLIED, STATUTORY OR OTHERWISE, INCLUDING REPRESENTATIONS AND WARRANTIES RELATED TO MERCHANTABILITY, CONDITION, FITNESS FOR PURPOSE OR OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS. ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY EXPRESSLY
DISCLAIMED 

  

					
		  	23	  	Highly Confidential

 
BY THE SELLER. THE BUYER ACKNOWLEDGES AND AGREES THAT THE SELLER IS SELLING AND CONVEYING AND THE BUYER IS PURCHASING, TAKING AND ACCEPTING THE IDLE ASSETS STRICTLY ON AN “AS IS, WHERE
IS” BASIS. 
 4.1.15 Limitations of Representations and Warranties. 

4.1.15.1 NOTWITHSTANDING ANYTHING CONTAINED TO THE CONTRARY IN ANY OTHER PROVISION OF THIS AGREEMENT OR ANY DOCUMENT
DELIVERED BY THE SELLER IN CONNECTION WITH THIS AGREEMENT, IT IS THE EXPLICIT INTENT AND UNDERSTANDING OF EACH PARTY HERETO THAT EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES MADE BY SELLER IN SECTION 3.1 AND THIS ARTICLE 4 AND IN THE OTHER
AGREEMENTS BETWEEN THE PARTIES WITH RESPECT TO THIS TRANSACTION (“OTHER AGREEMENTS”), THE SELLER IS NOT MAKING ANY REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING REPRESENTATIONS AND WARRANTIES
RELATED TO MERCHANTABILITY, CONDITION, FITNESS FOR PURPOSE OR OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS. THE BUYER ACKNOWLEDGES AND AGREES THAT EXCEPT TO THE EXTENT COVERED BY SUCH A REPRESENTATION OR WARRANTY EXPRESSLY MADE BY SELLER IN
SECTION 3.1, THIS ARTICLE 4 AND THE OTHER AGREEMENTS AND WITHOUT LIMITING AND EXCEPT FOR SUCH EXPRESS REPRESENTATIONS AND WARRANTIES, THE SELLER IS SELLING AND CONVEYING AND THE BUYER IS PURCHASING, TAKING AND ACCEPTING THE PURCHASED ASSETS
(INCLUDING ANY RIGHTS IN THE OWNED INTELLECTUAL PROPERTY AND LICENSED INTELLECTUAL PROPERTY) “AS IS” AND “WHERE IS” AND “WITH ALL FAULTS.” WITHOUT LIMITING THE GENERALITY OF THE IMMEDIATELY PRECEDING SENTENCE OR ANY
REPRESENTATIONS OR WARRANTIES EXPRESSLY MADE BY THE SELLER IN SECTION 3.1, THIS ARTICLE 4 AND THE OTHER AGREEMENTS, THE SELLER HEREBY (I) EXPRESSLY DISCLAIMS AND NEGATES ANY ADDITIONAL REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AT COMMON
LAW, BY STATUTE OR OTHERWISE, RELATING TO (A) THE CONDITION, USEFULNESS OR ADEQUACY OF THE PURCHASED ASSETS (INCLUDING THE OWNED INTELLECTUAL PROPERTY AND LICENSED INTELLECTUAL PROPERTY), OR (B) THE ACCURACY, SPECIFICATIONS, QUALITY,
FITNESS, MERCHANTABILITY, REPRODUCIBILITY OR CORRECTNESS OF DATA, PRODUCTS OR RESULTS OF ANY INTELLECTUAL PROPERTY; AND (II) EXPRESSLY DISCLAIMS AND NEGATES ANY RIGHTS OF THE BUYER UNDER STATUTES TO CLAIM DIMINUTION OF CONSIDERATION AND ANY CLAIMS
BY THE BUYER FOR DAMAGES BECAUSE OF LATENT DEFECTS, WHETHER KNOWN OR UNKNOWN, IT BEING THE INTENTION OF THE SELLER AND THE BUYER THAT, SUBJECT TO THE TERMS OF THIS AGREEMENT, THE PURCHASED ASSETS ARE TO BE ACCEPTED BY THE BUYER IN THEIR PRESENT
CONDITION AND STATE OF REPAIR. 
 4.1.15.2 WITHOUT LIMITING AND EXCEPT FOR ANY REPRESENTATIONS OR WARRANTIES
EXPRESSLY MADE BY THE SELLER IN SECTION 3.1, THIS ARTICLE 4 AND THE OTHER AGREEMENTS, THE SELLER MAKES NO ADDITIONAL WARRANTY OR REPRESENTATION, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, WITH RESPECT TO ANY ENVIRONMENTAL CONDITIONS, ENVIRONMENTAL
LIABILITIES OR OTHER ENVIRONMENTAL MATTERS, INCLUDING WITH RESPECT TO THE PRESENCE OR ABSENCE OF ANY HAZARDOUS MATERIALS AT, IN, ON OR UNDER, OR DISPOSED OF OR DISCHARGED OR RELEASED FROM, THE PURCHASED ASSETS. FURTHERMORE, WITHOUT LIMITING AND
EXCEPT FOR ANY REPRESENTATIONS OR WARRANTIES EXPRESSLY 

  

					
		  	24	  	Highly Confidential

 
MADE BY THE SELLER IN SECTION 3.1, THIS ARTICLE 4 AND THE OTHER AGREEMENTS, THE SELLER MAKES NO ADDITIONAL WARRANTY OR REPRESENTATION, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, WITH RESPECT TO
THE ACCURACY OR COMPLETENESS OF THE INFORMATION, RECORDS, DATA AND INTERPRETATIONS NOW, HERETOFORE OR HEREAFTER MADE AVAILABLE TO THE BUYER IN CONNECTION WITH THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, ANY DESCRIPTION OF THE PURCHASED ASSETS,
PRICING ASSUMPTIONS, POTENTIAL FOR PROFITS, PROJECTED COSTS, AND ANY ACQUIRED OR LICENSED DATA, ANY ENVIRONMENTAL INFORMATION, OR ANY OTHER MATERIAL FURNISHED TO THE BUYER BY THE SELLER, ANY AFFILIATE OF THE SELLER OR ANY DIRECTOR, OFFICER,
SHAREHOLDER, EMPLOYEE, COUNSEL, AGENT OR ADVISOR OF THE SELLER OR ANY AFFILIATE OF THE SELLER. 
 ARTICLE 5 

PRE-CLOSING COVENANTS 
 Section 5.1 Reasonable Efforts. From the date of this Agreement until the earlier of the Closing Date and the termination of this Agreement, each Party will use commercially reasonable efforts
to take or cause to be taken all action (or refrain from taking any action within its control), to do or cause to be done, and to assist and cooperate with the other Parties hereto in doing, all things necessary, proper or advisable under applicable
Laws and regulations to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated hereby, including (a) the satisfaction of the conditions precedent set forth in ARTICLE 7, (b) the obtaining
of consents, waivers or approvals of any Governmental Authority or other Third Parties in connection with the transactions contemplated by this Agreement, (c) the defending of any lawsuits or other legal proceedings, whether judicial or
administrative, challenging this Agreement or the performance of the obligations hereunder, and (d) the execution and delivery of such instruments, and the taking of such other actions as any other Party hereto may reasonably require in order
to carry out the intent of this Agreement; provided, however, that nothing in subclauses (a) through (d) shall require or cause any Party to waive any right it may have under other provisions of this Agreement. Except as set forth in this
Agreement and the Other Agreements, the parties hereto acknowledge and agree that Seller shall not have any obligation to pay any consideration or to offer to grant, or agree to, any financial or other accommodation in order to obtain any
third-party consents, waivers and approvals. 
 Section 5.2 Notices and Consents. From the date of this Agreement
until the earlier of the Closing Date or the termination of this Agreement, the Seller will give any notices to Third Parties, and will use commercially reasonable efforts to obtain the Third Party consents listed on Schedule 3.1.2. Each of
the Parties will give any notices to, make any filings with, and use all commercially reasonable efforts to obtain any authorizations, consents, and approvals of Governmental Authorities, including the transfer of the Licenses and Permits. Each
Party hereto shall (i) make the filings required of it or any of its Affiliates under the HSR Act and any other applicable antitrust or competition laws outside the United States in connection with this Agreement and the transactions
contemplated hereby no later than the tenth (10th) Business Day following the date hereof, unless otherwise mutually agreed, (ii) comply at the earliest practicable date and after consultation with the other Parties hereto with any request
for additional information or documentary material received by it or any of its Affiliates from the FTC or the Antitrust Division of the Department of Justice (the “Antitrust Division”), (iii) cooperate with one another in
connection with any filing under the HSR Act and in connection with resolving any investigation or other inquiry concerning the transactions contemplated by this Agreement initiated by the FTC, the Antitrust Division or any other Governmental
Authority, and (iv) cause the waiting periods under the HSR Act to terminate or expire at the earliest possible date. Each Party hereto shall promptly inform the other parties of any material communication made to, or received by such Party
from, the FTC, the Antitrust Division or any other Governmental Authority regarding any of the transactions contemplated hereby. The Buyer shall be responsible for the filing fee under the HSR Act. 

  

					
		  	25	  	Highly Confidential

 Section 5.3 Operation of Business. From the date of this Agreement until the
earlier of the Closing Date and the termination of this Agreement, the Seller will operate the Purchased Assets and the Business in the Ordinary Course of Business and in compliance with all Laws and will not engage in any practice, take any action,
or enter into any transaction outside the Ordinary Course of Business without the prior written consent of the Buyer (which consent shall not be unreasonably withheld, delayed or conditioned), except as expressly contemplated by this Agreement or
Schedule 5.3. Without limiting the generality of the foregoing, the Seller will not, without the prior written consent of the Buyer (which consent shall not be unreasonably withheld, delayed or conditioned) or except as expressly contemplated
by this Agreement or as set forth in Schedule 5.3, with respect to the Purchased Assets: 
 5.3.1 sell,
lease or otherwise dispose of, or grant any right or Encumbrance except Permitted Encumbrances with respect to, any Purchased Asset, other than sales of goods or services in the Ordinary Course of Business, or enter into a Contract outside the
Ordinary Course of Business with respect to any matter set forth in this Section 5.3; 
 5.3.2 except in the
Ordinary Course of Business, amend in any material respect any Material Contracts; 
 5.3.3 enter into any
settlement of any pending or threatened litigation, to the extent such settlement will interfere with or impose additional cost in connection with the Buyer’s ownership or operation of the Purchased Assets from and after the Closing;

 5.3.4 consent to the entry of any Order by any Governmental Authority, to the extent such Order will
materially interfere with or impose material additional costs in connection with the Buyer’s ownership or operation of the Purchased Assets from and after the Closing; 

5.3.5 grant any material increase in compensation to any employee or hire any new employees other than to fill vacancies
in existing positions, in all cases except in the Ordinary Course of Business; or 
 5.3.6 commit in any manner
to any of the transactions contemplated by the foregoing Sections 5.3.1 through 5.3.5. 
 Notwithstanding the foregoing and without requiring
the consent of the Buyer, the Seller may, in its sole discretion, engage in and undertake any and all activities necessary to comply with applicable Laws, prevent or minimize injury to persons or damage to property or the Facilities in the case of
an emergency and/or to address, prevent or minimize a health, environmental or safety concern involving the Purchased Assets, the Facilities or the Business. 
 Section 5.4 Access to Information. 
 5.4.1 The Seller
will permit representatives of the Buyer to have reasonable access at all reasonable times, and in a manner so as not to interfere with the normal business operations of the Seller, to all premises, properties, personnel, books, records (including
Tax records), Contracts (except Excluded Contracts), and documents of or pertaining to the Purchased Assets or the Business. Notwithstanding the preceding sentence to the contrary, nothing in this Agreement shall be construed to permit the Buyer or
its representatives to have access to any files, records, Contracts or documents of the Seller or any of its Affiliates relating to (a) the Seller’s or any of its Affiliate’s inter-company or

  

					
		  	26	  	Highly Confidential

 
intra-company feedstock and product pricing information, internal transfer prices, hedging activity records (except for purposes of the Derivatives Contracts Agreement described in
Section 6.10) and Hydrocarbon Inventory valuation procedures and records, (b) this Agreement or (c) particular terms of any Contracts to the extent that disclosure of such terms, in the reasonable judgment of the Seller, could risk
violating any antitrust or similar Law. Any information obtained by the Buyer or its employees, representatives, consultants, attorneys, agents, lenders and other advisors under this Section 5.4.1 shall be subject to the confidentiality and use
restrictions contained in the Confidentiality Agreement. 
 5.4.2 All “due diligence” activities of the
Buyer shall be conducted in accordance with applicable Laws and the Buyer shall indemnify the Seller and its Affiliates from and against all damages, losses and liabilities to the extent incurred as a result of the acts or omissions of the
Buyer’s representatives. During the period prior to Closing, in no event shall the Buyer or its Affiliates or their respective officers, directors, employees, counsel, financial advisors or other representatives be permitted to conduct Phase II
environmental assessments or any other sampling or testing of soil and/or groundwater or surface water at, or under, any real property associated with the Purchased Assets, without the prior written consent of the Seller. 

Section 5.5 Contact with Customers and Vendors. The Buyer and its Affiliates shall not, prior to the Closing Date, contact
any customer, vendor, supplier or employee of, or any other Person having business dealings with, the Seller with respect to the Business or with respect to any aspect of the transactions contemplated under this Agreement without the prior written
consent of the Seller. 
 Section 5.6 Schedules. The Seller may, at its option, include in the Schedules items that
are not material in order to avoid any misunderstanding, and any such inclusion, or any references to dollar amounts, shall not be deemed to be an acknowledgment or representation that such items are material, to establish any standard of
materiality, to define further the meaning of such terms for purposes of this Agreement or to otherwise expand the liability of the Seller under this Agreement. Information disclosed in the Schedules shall constitute a disclosure for all purposes
under this Agreement notwithstanding any reference to a specific section, and all such information shall be deemed to qualify the entire Agreement and not just such section to the extent the applicability of the exceptions or qualifications to other
non referenced representation and warranty is reasonably apparent. Each Party agrees that, with respect to the representations and warranties of such Party contained in this Agreement, such Party shall have the continuing obligation until the
Closing to supplement or amend the Schedules applicable to that Party with respect to any matter (a) permitted by Section 5.3 or Section 6.5.1 of Exhibit 6.5, or (b) arising or discovered which, if existing or known at the date
of this Agreement, would have been required to be set forth or described in the Schedules to the extent such supplements or amendments are not material. For the purposes of determining whether the conditions set forth in ARTICLE 7 have been
fulfilled, the Schedules shall be deemed to include only that information contained therein on the date of this Agreement and shall be deemed to exclude all information contained in any supplement or amendment thereto. However, if the Closing shall
occur, then all matters disclosed pursuant to any such supplement or amendment at or prior to the Closing shall be deemed included in the Schedules and no Party shall be entitled to make a claim thereon pursuant to the terms of this Agreement,
including any claim for indemnification pursuant to ARTICLE 8. 
 Section 5.7 FTZ Subzone Status. Promptly after the
execution of this Agreement, the Seller and the Buyer agree to take all necessary actions to prepare and properly file with U.S. Customs and Border Protection (“Customs”), the Toledo-Lucas County Port Authority (the “Port
Authority”), and any other Governmental Authority the documents required to request formal approval for (i) the change in operator of FTZ Subzone 8H from the Seller to the Buyer immediately upon the Closing or as soon thereafter as
such request can be granted and (ii) the transfer of the Hydrocarbon Inventory that is designated as zone status merchandise as of the Hydrocarbon Inventory Transfer Time from the Seller to the Buyer (the “Subzone
Application”). In connection with the Subzone Application, the Buyer shall 

  

					
		  	27	  	Highly Confidential

 
promptly submit to Customs, the Port Authority, or other Governmental Authority such supplemental information and take such additional actions as Customs, the Port Authority, and any other
Governmental Authority may request or require in connection therewith. The Buyer shall use commercially reasonable efforts to cause the Subzone Application to be granted, including executing all such additional agreements and orders with Customs,
the Port Authority, and any other Governmental Authority and providing all financial assurance (including the posting of bonds) required by Customs, the Port Authority and any other Governmental Authority. The Parties agree that the Buyer shall have
exclusive responsibility for any and all FTZ Subzone 8H activity, including FTZ records and related Customs activity, as of the Closing if such change in operator status is granted. 

Section 5.8 Financial Statements. Seller will use commercially reasonable efforts to cooperate with Buyer, at Buyer’s
sole responsibility for third party cost and expense, with the preparation of historical audited financial statements for the three years prior to the Closing for the Purchased Assets and the Business (including the opinion of a nationally
recognized independent certified public accountant) in such form as required by applicable securities Laws for filing by the Buyer or its Affiliates with the Securities and Exchange Commission in conjunction with the public offering of equity, debt
or other instruments. Seller consents, and will reasonably cooperate with Buyer in obtaining any further documentation of such consent, to Buyer using the past auditors of the Seller to audit such period and provide any attestation or similar
cooperation necessary as a result of Seller’s ownership of the Purchased Assets prior to the Closing. Except for willful misconduct, Buyer shall indemnify and hold harmless Seller, its officers, directors and affiliates from and against Adverse
Consequences suffered or incurred by any of them with respect to any Claims made by third parties (including any Governmental Authority) relating to or based upon public disclosure by or on behalf of Buyer of any cooperation provided by Seller to
Buyer pursuant to this Section 5.8 (including, without limitation, Claims based upon or pursuant to the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, or any state securities laws). Notwithstanding anything
to the contrary herein, in no event shall this Section 5.8 relieve any Party of its obligation to consummate the transaction otherwise contemplated by this Agreement. 
 ARTICLE 6 
 OTHER COVENANTS 

Section 6.1 Further Actions. In case at any time after the Closing any further action is necessary to carry out the purposes
of this Agreement, each Party will take such further action (including the execution and delivery of such further instruments and documents) as any other Party reasonably may request, all at the sole cost and expense of the requesting Party (unless
the requesting Party is entitled to indemnification therefor under ARTICLE 8). 
 Section 6.2 Retention of and Access to
Books and Records. 
 6.2.1 As promptly as practicable and in any event before thirty (30) days after
the Closing Date, the Seller will deliver or cause to be delivered to the Buyer the Books and Records that are in the possession or control of the Seller or its Affiliates. The Buyer agrees to hold and maintain the material Books and Records so that
they may be reasonably retrievable and not to destroy or dispose of any portion thereof for a period after the Closing Date for a period of five (5) years, or such longer time as may be required by Law or as specifically requested for specific
categories of documents by Seller. Any confidential information on the Purchased Assets or Business provided to third parties by Seller in the last twelve months related to a sale of the Facility should be retrieved and the right to enforce
confidentiality agreements should be transferred to Buyer, to the extent permitted by the terms of such confidentiality agreements. 

  

					
		  	28	  	Highly Confidential

 6.2.2 Subject to Seller’s rights in Section 2.1.8 and appropriate
antitrust safeguards, each Party agrees to afford the other Party and its Affiliates and their respective accountants and counsel, during normal business hours, upon reasonable request, at a mutually agreeable time, full access to and the right to
make copies of the Books and Records or other information the Seller retains that relates to the Purchased Assets at no cost to the such Party or its Affiliates (other than for reasonable out-of-pocket expenses); provided that such access will not
be construed to require the disclosure of Books and Records or other information the Seller retains that relates to the Purchased Assets that would cause the waiver of any attorney-client, work product or like privilege; provided further that in the
event of any litigation, nothing herein shall limit any Party’s rights of discovery under applicable Law. Without limiting the generality of the preceding sentences, and subject to Seller’s rights in Section 2.1.8 and appropriate
antitrust safeguards, each Party agrees to provide the other Party and its Affiliates reasonable access to and the right to make copies of the Books and Records or other information the Seller retains that relates to the Purchased Assets after the
Closing Date for the purposes of assisting such Party and its Affiliates (a) in complying with the obligations under this Agreement (including to comply with any indemnity obligations), (b) in preparing and delivering any accounting
statements provided for under this Agreement and adjusting, prorating and settling the charges and credits provided for in this Agreement, (c) in the case of Seller in owning or operating the Excluded Assets or Excluded Liabilities, (d) in
preparing Tax returns, (e) in responding to or disputing any Tax audit, (f) in asserting, defending or otherwise dealing with any claim or dispute, known or unknown, under this Agreement or with respect, in the case of Seller, to Excluded
Assets or Excluded Liabilities or (g) in asserting, defending or otherwise dealing with any Third Party Claim or dispute by or against a Party or its Affiliates relating to the Business. 

Section 6.3 Access to Purchased Assets. From and after the Closing, the Buyer and its Affiliates shall permit reasonable
access to and entry upon the Purchased Assets by the Seller and its Affiliates, without charge, as necessary (as determined by the Seller in its sole but reasonable discretion) to conduct and complete any other matters for which the Seller shall be
responsible under this Agreement, including any corrective or remedial actions relating to any Excluded Liabilities. In the event of and as a condition to a subsequent sale, lease or other transfer of the Business and/or other Purchased Assets, the
Buyer shall require that the Buyer’s transferee agree (in a form satisfactory to the Seller) to the access provisions of this Section 6.3. The Buyer shall use commercially reasonable efforts not to unreasonably interfere with the Seller in
connection with the exercise of such rights of access, including ingress and egress, to perform any corrective action. All such activities of the Seller and its representatives shall be conducted in accordance with applicable Laws and the Seller
shall indemnify the Buyer and its Affiliates from and against all damages, losses and liabilities to the extent incurred as a result of the acts or omissions of the Seller and its representatives except to the extent any such damages, losses or
liabilities are caused by the gross negligence or willful misconduct of Buyer, its Affiliates or their respective representatives. 
 Section 6.4 Seller’s Name; Removal of Logos and Signs. Following the Closing, the Buyer will not be entitled to use the name “Sunoco,” or any variations or derivations thereof
(including any logo, trademark or design containing such name) or any logo, service mark, trade name or trademark which constitutes an Excluded Asset (collectively, the “Seller Names and Marks”). Accordingly, promptly following the
Closing, and in any event no later than forty-five (45) days after the Closing Date, Buyer shall remove, strike over, or otherwise obliterate all Seller Names and Marks from all of the Purchased Assets, including any equipment, machinery,
vehicles, business cards, schedules, stationery, packaging materials, displays, signs (including signs displaying Seller’s or any of its Affiliate’s emergency contact telephone numbers), promotional materials, manuals, forms, websites,
email, computer software, and other materials and systems, except to the extent such removal would damage such property. Notwithstanding anything in the foregoing sentence to the contrary, as promptly as practical after the Closing, the Buyer shall
post the Buyer’s emergency contact telephone numbers in place of any of the Seller’s or its Affiliates’ emergency contact telephone numbers. 

  

					
		  	29	  	Highly Confidential

 Section 6.5 Employee Matters. The employee matters are as described in
Exhibit 6.5. 
 Section 6.6 Intellectual Property Matters. 

6.6.1 Grants to Intellectual Property. Seller shall grant and hereby does grant to Buyer, effective as of the
Closing Date, for use by Buyer, a non-exclusive, irrevocable, royalty-free, paid-up license or sublicense to Owned Intellectual Property, which exists at the Closing Date and which is or has been in use in the operations of the Purchased Assets or
Business. By executing this Agreement, effective as of the Closing Date, Buyer is assuming the relevant duties and obligations of Seller regarding the use of the Owned Intellectual Property that is licensed herein. 

6.6.2 Transfer of Intellectual Property. In the event Buyer transfers or pledges to any person, ownership of the
Purchased Assets, or any part thereof, the license granted in Article 6.6.1 may be extended to such transferee or lender subject to outstanding obligations to third parties and subject to an assumption in writing of all relevant duties and
obligations under the applicable portions of this Agreement. 
 6.6.3 Licensed Intellectual Property.

 6.6.3.1 Assignable Licensed Intellectual Property. Seller shall transfer or cause the transfer of
Licensed Intellectual Property that is freely transferable and shall grant all rights and interest in the Licensed Intellectual Property listed on Schedule 2.1.1 1B by assignment or sublicense as the case may be. Seller agrees that all
royalties, licensing fees and similar costs for Licensed Intellectual Property shall be fully paid up. Any fees required to be paid for such transfer shall be paid by Seller, excluding fees, charges and costs for Buyer’s post-Closing use. For
the avoidance of doubt, nothing in this Section 6.6.3.1 shall apply to any Licensed Intellectual Property listed in Schedule 2.2.22. 
 6.6.3.2 Non-assignable or non-transferable Licensed Intellectual Property. Buyer recognizes that some of the Licensed Intellectual Property listed on Schedule 2.1.1 1B and the licenses
listed on Schedule 6.6.3.2 are not freely assignable without the permission of the respective licensor or vendor. Seller agrees to contact the licensor or vendor and seek a permitted transfer of the Licensed Intellectual Property and the
licenses listed on Schedule 6.6.3.2 or obtain new, non-transferable licenses for use by Buyer. In that event, all fees and costs necessary to transfer the Licensed Intellectual Property or to acquire a new license commensurate therewith to
Buyer shall be paid by Seller, excluding fees, charges and costs for Buyer’s post-Closing use. For the avoidance of doubt, nothing in this Section 6.6.3.2 shall apply to any Licensed Intellectual Property listed in Schedule 2.2.22.

 Section 6.7 Release and Replacement of Bonds. Guaranties, etc. 

6.7.1 The Buyer recognizes that the guaranties, letters of credit, bonds, security deposits, and other surety obligations
described in Schedule 6.7.1 (the “Credit Support Arrangements”) have been established by the Seller and its Affiliates in connection with the Purchased Assets. 

6.7.2 The Buyer shall use commercially reasonable efforts to obtain, prior to or on the Closing Date, the termination of
the applicable Credit Support Arrangements, release of the Seller and/or its Affiliates, as applicable, therefrom as of the Closing Date and return of the originals thereof to the Seller, in each case on terms and conditions reasonably satisfactory
to the Seller. If all of the Credit Support Arrangements have not been terminated as of the Closing Date or the Seller and/or its Affiliates, as applicable, have not been released therefrom as of the Closing Date, then the Buyer hereby agrees to
promptly pay upon written demand by the Seller any amounts due from the Seller or any of its Affiliates after Closing Date to any Person under any applicable Credit Support Arrangements remaining outstanding after the Closing Date, which related
exclusively to use of such Credit Support Arrangements 

  

					
		  	30	  	Highly Confidential

 
for activities after the Closing Date and to indemnify, defend and hold harmless the Seller (and its Affiliates), and their respective directors, officers, employees, agents and representatives,
from and against any and all Adverse Consequences incurred by them relating to, resulting from, or arising out of, any Credit Support Arrangements that remain outstanding on or after the Closing Date, which related exclusively to use of such Credit
Support Arrangements for activities after the Closing Date. 
 6.7.3 The Parties acknowledge and agree that any
Affiliate of the Seller providing any Credit Support Arrangement shall be a third-party beneficiary of this Section 6.7. 

Section 6.8 WARN Act. The Seller agrees to provide any required notice under the Worker Adjustment Retraining Notification
Act of 1988 (the “WARN Act”) and any similar statute with respect to any “plant closing” or “mass layoff” at any of the Purchased Assets as such terms are defined in the WARN Act occurring before the Closing Date
or relating to or arising out of the termination of any Retained Employee. The Parties do not intend the termination of Continuing Employees by the Seller to be an “employment loss” for the purposes of WARN. The Buyer agrees to provide any
required notice under the WARN Act and any similar statute with respect to any “plant closing” or “mass layoff” at any of the Purchased Assets occurring on or after the Closing Date or relating to or arising out of the
termination of any Continuing Employee by the Buyer after the Closing Date. 
 Section 6.9 Environmental Matters.

 6.9.1 Toledo Air Consent Decree Obligations. 

6.9.1.1 Global Clean Air Act Consent Decree. Promptly after the execution of this Agreement, the Seller shall
provide notice of this transaction, following review by Buyer, as required by Paragraph 7 of the Global CAA Consent Decree, to the other parties to that decree. The Seller, following review by Buyer, shall thereafter file a motion to enter the
Global CAA Consent Decree Modification, pursuant to which the Buyer shall agree to assume, except for Liabilities, monetary fines or penalties resulting or arising from, or attributable to, the ownership, operation, conduct or use of the Purchased
Assets, Business or Facilities prior to the Closing Date (including any Liabilities, monetary fines or penalties for such violations imposed after the Closing Date for conditions that existed on or prior to the Closing Date), all of the Liabilities
and obligations of the Global CAA Consent Decree that are applicable to the Purchased Assets or the Business (the “Toledo Global CAA Consent Decree Obligations”). The Seller shall take all other appropriate actions to have the
Global CAA Consent Decree Modification entered by the United States District Court for the Eastern District of Pennsylvania (the “Global CAA Consent Decree Court”). The Buyer shall take all reasonable steps to support the motion by
the Seller in the Global CAA Consent Decree Court, including supporting the Seller’s efforts to be released from the Toledo Global CAA Consent Decree Obligations and to demonstrate to the Global CAA Consent Decree Court that the Buyer has the
financial and technical ability to assume the Toledo Global CAA Consent Decree Obligations. On and after the Closing, the Buyer shall satisfy and perform all Toledo Global CAA Consent Decree Obligations imposed upon the Buyer under the Global CAA
Consent Decree Modification. In connection with the Global CAA Consent Decree Modification, the allocated annual NOx reduction for the Toledo Refinery will be 263.2 tons. 

6.9.1.2 1995 and 2004 SRU Ohio Consent Orders. Promptly after the execution of this Agreement, the Seller shall
seek to terminate the Consent Order (Case No. 95-1037) and Consent Order and Final Judgment Entry (Case No. 02-2583) entered on May 2, 1995 and March 18, 2004 respectively, between the Seller and the State of Ohio (together the
“SRU Consent Orders”). The Seller shall use good faith efforts to obtain termination of the SRU Consent Decrees prior to Closing. Unless terminated, five (5) business days prior to Closing, Seller, after review by Buyer, shall provide
notice to the State of Ohio, including the Ohio Environmental Protection Agency, that unless and until the SRU Consent Orders are terminated, upon Closing Buyer will assume any and all outstanding obligations pursuant thereto that are

  

					
		  	31	  	Highly Confidential

 
applicable to the Purchased Assets or the Business (the “SRU Consent Order Obligations”). Unless terminated, on and after Closing, the Buyer shall take all necessary steps to
assume the SRU Consent Order Obligations, and shall satisfy and perform all Liabilities and obligations imposed thereby. 
 6.9.2 OSHA NEP Settlement. Promptly after the execution of this Agreement, the Seller shall provide notice to OSHA that upon Closing the Buyer shall assume any and all Liabilities and outstanding
obligations imposed by the Stipulation and Settlement entered between OSHA and the Seller on October 23, 2009, OSHA Case No. 08-0815, (the “NEP Settlement Obligations”). On and after Closing, the Buyer shall take all
necessary steps to assume the NEP Settlement Obligations, and shall satisfy and perform all Liabilities and obligations imposed thereby. 
 6.9.3 Compliance Responsibilities. Each of Buyer and Seller shall be responsible for their own compliance with regulations related to (i) the conventional gasoline antidumping compliance
standards of 40 C.F.R. Subpart E, (ii) gasoline sulfur standards of 40 CFR Subpart H and (iii) the renewable fuels standards of 40 C.F.R. Subpart K. 
 6.9.4 Title V Permit Appeal. Prior to Closing, the Seller shall not, without the prior written consent of the Buyer which may be given or withheld in the Buyer’s sole discretion, settle, or
take any actions to expedite the prosecution of, its appeal of Permit No. 04-48-01-0246, issued by the Ohio Environmental Protection Agency (the “Title V Permit”), pending before the Ohio Environmental Review Appeals Commission
at Case No. ERAC 485981. From and after the Closing, the Buyer shall step into the Seller’s shoes with respect to the appeal and will file such motions as are necessary to substitute the Buyer for the Seller as the appellant in such proceeding
and the Buyer will bear all costs of such appeal incurred after Closing and have full authority to settle the appeal on such terms as the Buyer determines to be advisable. The Seller shall have no obligation or Liability (including the making of any
capital expenditure) in connection with the resolution of such appeal. 
 Section 6.10 Hedges. To the extent that
Seller has entered into forward and/or futures contracts which correspond to certain Fixed Price Contracts or other Contracts that constitute Assigned Contracts hereunder, as promptly as practicable and in any event before five days after the
Closing Date, the Seller and the Buyer shall use their respective commercially reasonable efforts to negotiate a Derivative Contracts Agreement substantially in the form attached hereto as Exhibit G (the “Derivative Contracts
Agreement”), pursuant to which the applicable hedge contract or forward contract relating to such Assigned Contracts will be liquidated; provided, however, that the execution of any such contract shall not be a condition to the Closing.

 Section 6.11 Vehicles. After Closing, Seller will cooperate with Buyer to prepare and file the necessary
paperwork to transfer title to all Owned Vehicles to Buyer, with all transfer taxes, fees and other costs and expenses associated with such title transfers to be shared equally by Buyer and Seller. In addition, Seller shall transfer the Leased
Vehicles and prepare and file the necessary paperwork to transfer such Vehicles to Buyer, with all costs and expenses associated therewith to be shared equally by Buyer and Seller. 

Section 6.12 Pipelines. The Parties acknowledge and agree that (a) the pipelines currently used by Seller for shipping
crude oil and other products are Third Party or SXL common carrier pipelines not owned by Seller all of which are identified in Schedule 6.12, (b) such use (including Seller’s shipping capacity and status thereon and the transfer of
such use to Buyer) is governed solely by FERC rules and regulations and the applicable carrier’s tariffs, rules, regulations and policies as filed with FERC, which tariffs, rules, regulations and policies apply to all other shippers on such
pipeline, and (c) that, except for the Throughput and Deficiency Agreement, Seller has no private Contract with such carriers relating to such use that can be assigned or transferred to Buyer hereunder. From the date of this Agreement, Seller
shall (i) cooperate with and provide assistance to Buyer in identifying the applicable carriers and in 

  

					
		  	32	  	Highly Confidential

 
securing new shipper status on such pipelines from the applicable carriers, and (ii) cooperate with Buyer in its efforts to obtain carrier approval of an assignment or transfer of
Seller’s then current shipping history on such lines to Buyer. Nothing contained in this Agreement, however, shall require Seller to (x) effect an assignment or transfer that is prohibited by applicable Law or by the applicable carrier, or
(y) use its credit or funds to establish shipping status for Buyer. 
 Section 6.13 Casualty and Condemnation.

 6.13.1 Notice. In the event that, prior to the Closing Date, all or any material portion of the
Purchased Assets is damaged or destroyed by fire or other casualty for which the associated repair or replacement costs could reasonably be expected to exceed two million Dollars ($2,000,000) (a “Casualty”) or taken by condemnation
or eminent domain or by agreement in lieu thereof with any Person or Governmental Authority authorized to exercise such rights (a “Taking”), Seller shall promptly notify Buyer thereof and the remaining portions of this
Section 6.13 shall apply. 
 6.13.2 Repair and Replacement. 

6.13.2.1 In the event of a Casualty or Taking between the Execution Date and the Closing Date, Seller shall elect, at its
option, to either (i) repair or replace or make adequate provision for the repair or replacement of the affected Purchased Assets at Seller’s cost prior to the Closing, in which case Buyer’s obligation to effect the Closing shall not
be affected, but the Closing Date shall be deferred until three (3) Business Days after repairs or replacement have been completed and the affected Purchased Assets has been restored to performance substantially comparable in all material
respects to that prior to the Casualty or Taking, and/or (ii) negotiate with Buyer to reduce the Purchase Price by an amount agreed to by Seller and Buyer to reflect the cost to repair or replace the affected Purchased Assets (the
“Repair Costs”), in which case, in the event of a Repair Cost Dispute, the Closing Date and the Termination Date shall be deferred as provided in Section 10.5. Notwithstanding the foregoing, Seller’s election in clause
(i) of this Section 6.13.2 shall be unavailable and clause (ii) of this Section 6.13.2 shall apply if the required repairs or replacements could reasonably be expected to result in an extension of the Closing Date for more than
ninety (90) days. 
 6.13.2.2 If Seller and Buyer agree on the Repair Costs within fifteen (15) days of
Buyer’s receipt of Seller’s notice of the Casualty or Taking (the “Repair Negotiation Period”), Buyer’s obligation to effect the Closing shall not be affected, but the Purchase Price shall be reduced by the Repair
Costs so agreed. 
 6.13.2.3 If Seller and Buyer do not agree on the Repair Costs within the Repair Negotiation
Period (a “Repair Cost Dispute”), either party may request an engineering company that shall be mutually agreed to by Buyer and Seller to evaluate the affected Purchased Assets and deliver to Buyer and Seller its written estimate of
the Repair Costs (the “Third-Party Estimate”) within fifteen (15) days after the end of the Repair Negotiation Period. 
 (a) If the Third-Party Estimate is less than fifty million Dollars ($50,000,000), Buyer’s obligation to effect the Closing shall not be affected and the Parties shall submit the Repair Cost Dispute
to binding arbitration under the Dispute Resolution Procedures for resolution after the Closing, with a post-Closing adjustment to the Purchase Price equal to the finally-determined Repair Costs. 

(b) If the Third-Party Estimate is equal to or greater than fifty million Dollars ($50,000,000), Buyer may elect, by
giving Seller written notice of election within fifteen (15) days of receipt of the Third-Party Estimate, to terminate this Agreement without further obligation to Seller. 

  

					
		  	33	  	Highly Confidential

 6.13.3 Condemnation Awards. In the event of any reduction in the
Purchase Price in connection with a Taking at the Refinery, as provided in 6.13.2, Buyer shall be entitled to collect from any condemnor the entire award(s) that may be made in any such proceeding, without deduction, to be paid out as follows:
subject to actual receipt of such award(s) by Buyer, (a) Buyer shall pay to Seller all such amounts, up to the amount of such Purchase Price reduction, and (b) Buyer shall be entitled to retain the balance (if any) of such award(s).

 6.13.4 Purchase Price Adjustment. Any adjustment of the Purchase Price pursuant to 6.13.2.3 which is
necessary to reflect a final determination of Repair Costs after the Closing shall be made as follows: (a) an adjustment in favor of Buyer shall be paid in cash by Seller; and (b) an adjustment in favor of Seller shall be paid in cash to
the extent the Purchase Price had been reduced pursuant to this Section. Any such reduction, refund or payment shall be made within ten (10) Business Days after such final determination. 

6.13.5 Deferral of Closing Date and Termination Date. In the event of a Repair Cost Dispute, the Closing Date and
the Termination Date shall be deferred until (a) three (3) Business Days after receipt of the Third-Party Estimate, or (b) if Seller elects the option in 6.13.2.1(i), as provided therein. 

Section 6.14 Title Insurance. Prior to Closing, the Parties will use commercially reasonable efforts to cause Land Services
USA, Inc. (as agent for First American Title Insurance Company or other reputable national title insurance company) (the “Title Company”) to issue commitments (the “Title Commitments”) to issue both loan (insuring
the Seller’s mortgage lien) and owner’s title policies relating to the Owned Real Property at Closing, which Title Commitments shall reflect that (i) title to the Owned Real Property is vested in the Seller or an affiliated
predecessor-in interest of Seller in fee simple, subject to the standard exceptions and exclusions from coverage contained in the proposed policies of title insurance (including but not limited to any standard exceptions that could be disclosed by a
survey of the Owned Real Property) and those “Schedule B-Section II” exceptions to coverage contained in the final Title Commitments received by the Parties prior to the issuance of such proposed policies and (ii) upon recordation of
the Mortgage Agreement attached as Exhibit M, the Seller shall have a validly perfected first mortgage lien on the Owned Real Property. All costs and expenses associated with such title policies shall be borne by Buyer. 

Section 6.15 Shared Spare Part. The Seller has a spare part that is designated for use at the Purchased Assets and its Marcus
Hook refinery, which is identified on Schedule 2.2.21 as a PRT Start-up Turbine Rotor: Spare Rotor Serial Number: 501E162EC, relating to Turbine Model Number: DRV325, Turbine Serial Number: 152195, (such rotor is herein referred to as
“Shared Spare”). The Shared Spare shall be retained by Seller at its Marcus Hook refinery, crated and in a preservative coating. For a period of five years from the Closing Date (“Sharing Period”), both the
Purchased Assets and the Marcus Hook refinery shall have a right to use the Shared Spares. As to such use, planned rotor replacements take precedence over unplanned rotor replacements, unless mutually agreeable to both Parties. If a Party uses the
Shared Spare during the Sharing Period, that Party shall repair/refurbish the Shared Spare that was changed out. The repair/refurbish of the Shared Spare shall be per API 687 and that repaired/refurbished Shared Spare will become the new Shared
Spare. The removed Shared Spare shall be repaired/refurbished by the Party who so removed same within 6 months from the change out, or if the Shared Spare is used for an unplanned outage as soon as reasonable to accommodate a planned outage. If
during the Sharing Period either Party decides it will no longer be operating the PRT Start-up Turbine at its respective refinery, it shall promptly provide written notice of same to the other Party and the other Party

  

					
		  	34	  	Highly Confidential

 
shall have the right to purchase the Shared Spare for one half of its then fair market value. If the right to purchase is not exercised within thirty (30) days of receipt of said notice,
then the Shared Spare shall be sold and the Parties shall split the proceeds. For avoidance of doubt, the Parties acknowledge and agree that the Shared Spare is an Excluded Asset, and nothing contained herein shall effect a transfer or sale of said
asset to the Buyer (except as contemplated by the foregoing purchase right if timely exercised). 
 ARTICLE 7 

CONDITIONS PRECEDENT 
 Section 7.1 Conditions to Obligation of the Buyer. The obligation of the Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to the reasonable
satisfaction or waiver of the following conditions: 
 7.1.1 as of the date hereof and as of the Closing Date as
though made on and as of the Closing Date, each of the representations and warranties of the Seller contained in this Agreement shall be true and correct, and for purpose of satisfying the obligation of Buyer to Close only, each of such
representations and warranties that is not qualified as to materiality (including Material Adverse Effect) shall be true and correct except for any failure of the same to be true and correct that would not reasonably be expected to have a Material
Adverse Effect with respect to the Purchased Assets, the Business, or the ability of the Seller to perform its obligations under this Agreement, as of the Closing Date as though made again on and as of the Closing Date (except for any particular
representation and warranty made only as of a specified date); 
 7.1.2 the Seller shall have performed and
complied in all material respects with all of its covenants hereunder through the Closing; 
 7.1.3 there shall
not be any injunction, judgment, order, decree, ruling, or charge in effect preventing consummation of the transactions contemplated by this Agreement; 
 7.1.4 the Seller shall have delivered to the Buyer an officer’s certificate to the effect that to best of such officer’s knowledge each of the conditions specified in Sections 7.1.1 and 7.1.2 is
satisfied in all respects; 
 7.1.5 all necessary filings and notifications under the HSR Act shall have been
made, including any required additional information or documents, and the waiting period referred to in such act applicable to the transaction shall have expired or been terminated; 

7.1.6 all Governmental and third party consents and authorizations, which are specified in Schedule 7.1.6, required
for the consummation of the transactions contemplated by this Agreement shall have been obtained; 
 7.1.7 the
Buyer shall have received the deliveries to be received by the Buyer set forth in Section 2.9.1; 
 7.1.8 No
Material Adverse Effect shall have occurred and be continuing; and 
 7.1.9 the Buyer shall have received the
Title Commitments and the Title Company shall be prepared to issue the Buyer owner’s title insurance policies based on same. 

  

					
		  	35	  	Highly Confidential

 Section 7.2 Conditions to Obligation of the Seller. The obligation of the Seller
to consummate the transactions to be performed by it in connection with the Closing is subject to the reasonable satisfaction or waiver of the following conditions: 

7.2.1 as of the date hereof and as of the Closing Date as though made on and as of the Closing Date, each of the
representations and warranties of the Buyer contained in this Agreement shall be true and correct, and for purpose of satisfying the obligation of Seller to Close only, each of such representations and warranties that is not qualified as to
materiality (including Material Adverse Effect) shall be true and correct except for any failure of the same to be true and correct that would not reasonably be expected to have a Material Adverse Effect with the ability of the Buyer to perform its
obligations under this Agreement, as of the Closing Date as though made again on and as of the Closing Date (except for any particular representation and warranty made only as of a specified date); 

7.2.2 the Buyer shall have performed and complied in all material respects with all of its covenants hereunder through the
Closing; 
 7.2.3 there shall not be any injunction, judgment, order, decree, ruling, or charge in effect
preventing consummation of the transactions contemplated by this Agreement; 
 7.2.4 the Buyer shall have
delivered to the Seller an officer’s certificate to the effect that to best of such officer’s knowledge each of the conditions specified in Sections 7.2.1 and 7.2.2 is satisfied in all respects; 

7.2.5 all necessary filings and notifications under the HSR Act shall have been made, including any required additional
information or documents, and the waiting period referred to in such Act applicable to the transaction shall have expired or been terminated; 
 7.2.6 all Governmental and third party consents and authorizations, which are specified in Schedule 7.2.6, required for the consummation of the transactions contemplated by this Agreement shall
have been obtained or granted; 
 7.2.7 the Seller shall have received the deliveries to be received by the
Seller set forth in Section 2.9.2.; and 
 7.2.8 the Seller shall have received the Title Commitments and
the Title Company shall be prepared to issue the Seller loan title insurance polices based on same. 
 ARTICLE 8

 REMEDIES FOR BREACHES OF AGREEMENT 
 Section 8.1 Survival of Representations, Warranties and Certain Covenants. All of the representations and warranties of the Parties contained in this Agreement or in any Schedule, Exhibit,
certificate or other writing delivered pursuant hereto or in connection herewith are material, shall be deemed to have been relied upon by the other Parties and shall survive the Closing under this Agreement regardless of any investigations, and
continue for a period of one (1) year after the Closing Date, except that the representations and warranties provided in Sections 4.1.2, 4.1.5, 4.1.6 and 4.1.9 shall survive for a period of two (2) years after the Closing Date and the
representations and warranties provided in Sections 3.1.1, 3.1.2, 3.2.1.1, 3.2.1.2, 4.1.1, 4.1.7, 4.1.8, 4.1.10 and 4.1.11 shall survive for a period of five (5) years after the Closing Date. The covenants contained in ARTICLE 6 or elsewhere in
this Agreement to be performed after the Closing Date shall survive the Closing until fully performed. No claim may be asserted hereunder following the applicable expiration of any representation or warranty or covenant;

  

					
		  	36	  	Highly Confidential

 
provided that any claim asserted in writing prior to the expiration of the representation or warranty or covenant that is the basis for such claim shall survive until such claim is finally
resolved and satisfied, irrespective of the period for the survival of such representation or warranty or covenant provided for herein. 
 Section 8.2 Indemnification Provisions for Benefit of the Buyer. The Seller shall defend, indemnify and hold harmless the Buyer its Affiliates, their respective successors, their respective
Affiliates’ successors and each of the respective directors and officers (or Persons in any similar capacity if such Person is not a corporation), employees, consultants and agents of the Buyer, its Affiliates and their respective (and their
respective Affiliates’) successors (each, a “Buyer Indemnified Party”) against and agree to hold each Buyer Indemnified Party harmless from any and all Adverse Consequences incurred or suffered by such Buyer Indemnified Party
to the extent resulting or arising from, or attributable to, any of the following matters: 
 8.2.1 any breach of
any representation or warranty of the Seller under this Agreement (other than with respect to Section 4.1.7, which is addressed in Section 10.7) or in any certificate delivered pursuant hereto; 

8.2.2 any breach of any covenant of the Seller under this Agreement; 

8.2.3 any of the Excluded Assets or Excluded Liabilities as set forth in this Agreement (other than with respect to Taxes,
which are addressed in Section 10.7); 
 8.2.4 any breach or alleged or threatened breach of that certain
Letter of Understanding, dated November 25, 1997, between Sun Company, Inc. and Local 7-912, OCAW, occurring prior to the Closing Date; or 
 8.2.5 any alleged or actual breach of that certain Gas Oil Exchange Agreement, which occurs on or after the date of this Agreement through and including May 31, 2014, that relates to or arises from
SXL’s permanent conversion or shut down of the SXL Pipeline (as such term is defined in the Gas Oil Exchange Agreement). 

Section 8.3 Indemnification Provisions for Benefit of the Seller. The Buyer shall defend, indemnify and hold harmless the
Seller, its respective Affiliates (including SXL), the Seller’s and its respective Affiliates’ (including SXL’s) successors and each of the respective directors and officers (or Persons in any similar capacity if such Person is not a
corporation), employees, consultants and agents of the Seller, its respective Affiliates (including SXL) and their respective successors (each a “Seller Indemnified Party”) against and agrees to hold each Seller Indemnified Party
harmless from any and all Adverse Consequences incurred or suffered by such Seller Indemnified Party to the extent resulting or arising from, or attributable to, any of the following matters: 

8.3.1 any breach of any representation or warranty of the Buyer under this Agreement or in any certificate delivered
pursuant hereto; 
 8.3.2 any breach of any covenant of the Buyer under this Agreement; 

8.3.3 any of the Purchased Assets or Assumed Liabilities as set forth in this Agreement; 

8.3.4 any breach or alleged or threatened breach of that certain Letter of Understanding, dated November 25, 1997,
between Sun Company, Inc. and Local 7-912, OCAW, occurring on or after the Closing Date; or 

  

					
		  	37	  	Highly Confidential

 8.3.5 any selection or pre-employment process applied by the Buyer to the
Current Employees, other than Seller’s severance and similar Liabilities as set forth in Exhibit 6.5. 

Section 8.4 Limitations of Liability. Notwithstanding the foregoing or anything herein provided to the contrary: 

8.4.1 no Buyer Indemnified Party or Seller Indemnified Party seeking indemnification under this Agreement pursuant to
Section 8.2.1 or 8.3.1 shall make any claim for indemnification involving less than $100,000 of Adverse Consequences arising out of the same occurrence or matter (“Minor Claims”); 

8.4.2 no indemnification shall be payable pursuant to Section 8.2.1 to any Buyer Indemnified Party or pursuant to
Section 8.3.1 to any Seller Indemnified Party unless and until the total of all Adverse Consequences (excluding Adverse Consequences attributable to Minor Claims) for which the Seller or Buyer, respectively, would otherwise have an
indemnification obligation pursuant to such Section 8.2.1 or Section 8.3.1 exceeds $2,000,000.00 in the aggregate (the “Threshold Amount”). whereupon the Buyer Indemnified Party or Seller Indemnified Party may claim
indemnification for the amount of such claims, or portion thereof, in excess of such Threshold Amount but in no case shall such claims include Minor Claims; 
 8.4.3 in no event may the Buyer Indemnified Parties or the Seller Indemnified Parties, respectively, recover in the aggregate an amount greater than $60,000,000.00 (the “Indemnity Cap”)
in respect of claims asserted or that could be asserted pursuant to Section 8.2.1 or pursuant to Section 8.3.1; 
 8.4.4 no Buyer Indemnified Party may assert a claim for indemnification hereunder with respect to Adverse Consequences resulting from or arising out of, or attributable to any Voluntary Actions;

 8.4.5 no Buyer Indemnified Party may assert a claim for indemnification hereunder with respect to any Retained
Environmental Liability pursuant to Section 8.2 unless a Claim Notice relating thereto has been delivered to the Seller within twenty (20) years following the Closing Date. 

Section 8.5 Exclusive Remedy. The Parties acknowledge and agree that the indemnification provisions in Section 6.7, this
ARTICLE 8 and the indemnification provisions in ARTICLE 10 shall be the exclusive remedies of the Seller, the Seller Indemnified Parties and their Affiliates, on the one hand, and the Buyer, the Buyer Indemnified Parties and their Affiliates, on the
other hand, from and after the Closing Date with respect to the transactions contemplated by this Agreement. Without limiting the prior sentence, each Party hereby waives any claim or cause of action pursuant to common or statutory Law or otherwise
(except as provided in this Agreement) against each other Party and its Affiliates with respect to Adverse Consequences of any nature whatsoever that relate to this Agreement or are attributable to the Purchased Assets or the Assumed Liabilities,
whether arising before, on or after the Closing Date. Each Party agrees that the previous sentence shall not limit or otherwise affect any nonmonetary right or remedy which any Party may have under this Agreement or otherwise limit or affect any
Party’s right to seek equitable relief, including the remedy of specific performance for nonmonetary relief. 

Section 8.6 Matters Involving Third Parties. 

8.6.1 If any Third Party shall notify any Party with respect to any action or claim by a Third Party (a “Third
Party Claim”) that may give rise to a right to claim for indemnification against any other Party under Section 8.2 or Section 8.3, then the Indemnified Party shall promptly notify the Indemnifying Party thereof in writing;
provided, however, that failure to give timely notice shall not affect the right to indemnification to the extent such failure to give timely notice is not prejudicial to the Indemnifying Party. Notwithstanding anything to the contrary herein, this
Section 8.6.1 remains subject to the survival periods set forth in Section 8.1. 

  

					
		  	38	  	Highly Confidential

 8.6.2 The Indemnifying Party, in accordance with the procedures set forth in
Section 8.7, will have the right to assume and conduct the defense of the Third Party Claim with counsel of its choice reasonably satisfactory to the Indemnified Party; provided, however, that the Indemnifying Party will not consent to the
entry of any judgment or enter into any settlement with respect to the Third Party Claim without the prior written consent of the Indemnified Party (not to be unreasonably withheld) unless the judgment or proposed settlement involves only the
payment of money damages and does not impose an injunction or other equitable relief upon the Indemnified Party. As provided in Section 8.7, the Indemnifying Party may assume the defense of a Third Party Claim, at the Indemnifying Party’s
cost and expense, without also accepting and agreeing to the claim for indemnification described in the related Claim Notice. 
 8.6.3 Unless and until the Indemnifying Party assumes the defense of the Third Party Claim as provided in Section 8.6.2, the Indemnified Party may defend against the Third Party Claim in any manner
it reasonably may deem appropriate for the account of the Indemnifying Party. The Indemnified Party may retain counsel of its own choosing at its own expense, provided, however, the Indemnifying Party shall have control over the defense for so long
as it is provided. 
 8.6.4 In no event will the Indemnified Party consent to the entry of any judgment or enter
into any settlement with respect to the Third Party Claim without the prior written consent of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned or delayed. 

8.6.5 If requested by the Indemnifying Party, the Indemnified Party agrees, at the sole cost and expense of the
Indemnifying Party, to cooperate with the Indemnifying Party and its counsel in contesting any Third Party Claim which the Indemnifying Party elects to contest, including the making of any related counterclaim or cross-complaint against any Person
(other than a Buyer Indemnified Party, if the Indemnified Party is a Buyer Indemnified Party, or a Seller Indemnified Party, if the Indemnified Party is a Seller Indemnified Party). 

8.6.6 The Party that is conducting the defense against the Third Party Claim shall provide each other Party such
information possessed by the Party that is conducting such defense as such other Party shall reasonably request with respect to the Third Party Claim and the defense thereof. 
 Section 8.7 Procedures. The Party seeking indemnification under Section 8.2 or Section 8.3 (the “Indemnified Party”) may make claims for indemnification hereunder by
giving written notice (a “Claim Notice”) to the Party required to provide indemnification hereunder (the “Indemnifying Party”). Such notice shall briefly explain the nature of the claim and the parties known to be
involved, and shall specify the amount thereof to the extent known by the Indemnified Party. Each Indemnifying Party to which a Claim Notice is given shall respond to any Indemnified Party that has given a Claim Notice (a “Claim
Response”) within thirty (30) days (the “Response Period”) after the date that the Claim Notice is given. Any Claim Notice or Claim Response shall be given in accordance with the notice requirements hereunder, and any
Claim Response shall specify whether or not the Indemnifying Party giving the Claim Response disputes the claim for indemnification described in the Claim Notice and whether it will defend any Third Party Claim specified in such Claim Notice at its
own cost and expense. If any Indemnifying Party fails to give a Claim Response within the Response Period, such Indemnifying Party shall be deemed to have disputed the claim for indemnification described in the related Claim Notice and to have
elected not to defend any Third Party Claim specified in such Claim Notice. The aforesaid election or deemed election by the Indemnifying Party not to assume the defense of the Indemnified Party with respect to any Third Party Claim specified in
such Claim Notice, however, shall, except as contemplated 

  

					
		  	39	  	Highly Confidential

 
by the following proviso, be subject to the right of the Indemnifying Party to subsequently assume the defense of the Indemnified Party with respect to any such Third Party Claim at any time
prior to settlement or final determination thereof; provided that the Indemnifying Party shall not have the right to so assume the defense of the Indemnified Party with respect to any Third Party Claim which the Indemnifying Party has (or is deemed
to have) previously elected not to defend to the extent that the Indemnified Party would be prejudiced as a result of such assumption. If an Indemnifying Party then or thereafter elects, pursuant to the foregoing, to assume the defense of an
Indemnified Party with respect to a Third Party Claim specified in such Claim Notice, then, without limiting any action the Indemnifying Party may have on account of actual fraud, the Indemnifying Party shall not be entitled to recover from the
Indemnified Party the costs and expenses incurred by the Indemnifying Party in providing such defense, whether or not the Indemnifying Party disputes or is deemed to have disputed the claim for indemnification described in the related Claim Notice.

 Section 8.8 Determination of Amount of Adverse Consequences. The Adverse Consequences giving rise to any
indemnification obligation hereunder shall be limited to the actual loss suffered by the Indemnified Party (i.e., reduced by any insurance proceeds or other payment or recoupment received or receivable (including tax benefits), realized or
realizable or retained by the Indemnified Party as a result of the events giving rise to the claim for indemnification). Upon the request of the Indemnifying Party, the Indemnified Party shall provide the Indemnifying Party with information
sufficient to allow the Indemnifying Party to calculate the amount of the indemnity payment in accordance with this Section 8.8. An Indemnified Party shall take all reasonable steps to mitigate damages in respect of any claim for which it is
seeking indemnification and shall use reasonable efforts to avoid any costs or expenses associated with such claim and, if such costs and expenses cannot be avoided, to minimize the amount thereof. 

Section 8.9 Limitation of Damages. NOTWITHSTANDING ANYTHING CONTAINED TO THE CONTRARY IN ANY OTHER PROVISION OF THIS
AGREEMENT, THE PARTIES AGREE THAT THE INDEMNIFICATION OBLIGATIONS OF EACH PARTY, AND THE RECOVERY BY ANY PARTY OR INDEMNITEE OF ANY COVERED LIABILITIES SUFFERED OR INCURRED BY IT AS A RESULT OF ANY BREACH OR NONFULFILLMENT BY A PARTY OF ANY OF ITS
REPRESENTATIONS, WARRANTIES, COVENANTS, AGREEMENTS OR OTHER OBLIGATIONS UNDER THIS AGREEMENT, SHALL BE LIMITED TO ACTUAL DAMAGES AND SHALL NOT INCLUDE OR APPLY TO, NOR SHALL ANY PARTY OR INDEMNITEE BE ENTITLED TO RECOVER, ANY INDIRECT,
CONSEQUENTIAL, SPECIAL, EXEMPLARY OR PUNITIVE DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY DAMAGES ON ACCOUNT OF LOST PROFITS OR OPPORTUNITIES OR BUSINESS INTERRUPTION OR DIMINUTION IN VALUE) SUFFERED OR INCURRED BY ANY PARTY OR INDEMNITEE (OTHER
THAN SUCH DAMAGES CLAIMED BY A THIRD PARTY IN A CLAIM FOR WHICH A PARTY IS REQUIRED TO PROVIDE AN INDEMNITY HEREUNDER) (collectively, “Non-Recoverable Adverse Consequences”). 

Section 8.10 Tax Treatment of Indemnity Payments. All indemnification payments made under this Agreement shall be treated as
purchase price adjustments for Tax purposes to the extent permitted under applicable Laws. 
 Section 8.11 Specific
Performance. The Parties agree and acknowledge that the failure to perform under this Agreement will be an actual, immediate and irreparable harm and injury and that the Parties would not have any adequate remedy at law in the event that any of
the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, it is agreed that, except where this Agreement is properly terminated in accordance with ARTICLE 9, the Parties
shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to specifically enforce the terms and provisions of this Agreement and any other agreement or instrument executed in connection
herewith. The Parties further agree that they 

  

					
		  	40	  	Highly Confidential

 
shall not object to, or take any position inconsistent with respect to, whether in a court of law or otherwise, the appropriateness of specific performance as a remedy for a breach of this
Agreement or any such other agreement or instrument, any action or proceeding for any such remedy, and each Party waives any requirement for the securing or posting of any bond in connection with any such remedy. The Parties further agree that by
seeking the remedies provided for in this Section 8.11 a Party shall not in any respect waive its right to seek any other form of relief that may be available to a Party under this Agreement, including monetary damages. 

ARTICLE 9 

TERMINATION OF AGREEMENT 
 Section 9.1 Termination of Agreement. The Parties may terminate this Agreement, as provided below: 
 9.1.1 the Parties may terminate this Agreement by mutual written consent at any time before the Closing; 
 9.1.2 either the Seller or the Buyer may terminate this Agreement by giving written notice to the other Parties at any time before the Closing if the Closing shall not have occurred on or before
June 30, 2011, or such later date as the Parties agree in writing (the “Termination Date”); provided, however, that the right to terminate this Agreement under this Section 9.1.2 shall not be available to Seller or Buyer
if the failure of Seller or Buyer, as the case may be, to perform any material obligation under this Agreement or to fulfill any material condition under this Agreement within the control of Seller or Buyer, as the case may be, has been the
proximate cause of, or resulted in, the failure of the transactions contemplated by this Agreement to be consummated on or before the Termination Date; and provided, further, that if on the Termination Date the conditions to the Closing set forth in
Sections 7.1.5, 7.1.6, 7.2.5 or 7.2.6 have not been fulfilled but all other conditions to the Closing have been fulfilled or are reasonably capable of being fulfilled, then the Termination Date will be July 31, 2011. 

9.1.3 either the Seller or the Buyer may terminate this Agreement if any court of competent jurisdiction or any
governmental, administrative or regulatory authority, agency or body shall have issued an order, decree or ruling or shall have taken any other action permanently enjoining, restraining or otherwise prohibiting the transactions contemplated hereby
or if any statute, rule, order or regulation shall have been enacted or issued by any Governmental Authority which, directly or indirectly, prohibits the consummation of the transactions contemplated hereby; 

9.1.4 the Buyer may terminate this Agreement if there has been a material violation or breach by the Seller of any
covenant, representation or warranty contained in this Agreement and such violation or breach is not cured by the date forty-five (45) days after receipt by the Seller of a written notice specifying particularly such violation or breach, and
such violation or breach has not been waived in writing by the Buyer; provided, however, that if prior to the expiration of such forty-five (45) day period Seller has begun, and after the expiration of such forty-five (45) day period
Seller continues, using commercially reasonable efforts to cure such breach, then Buyer may not terminate this Agreement until forty-five (45) after all other conditions to Closing set forth in Section 7.1 and Section 7.2 have been
satisfied or are capable of being satisfied; 
 9.1.5 the Seller may terminate this Agreement if there has been a
material violation or breach by the Buyer of any covenant, representation or warranty contained in this Agreement and such violation or breach is not cured by the date forty-five (45) days after receipt by the Buyer of a written notice
specifying particularly such violation or breach, and such violation or breach has not been waived in writing by the Seller; provided, however, that if prior to the expiration of such forty-five (45) day

  

					
		  	41	  	Highly Confidential

 
period Buyer has begun, and after the expiration of such forty-five (45) period Buyer continues, using commercially reasonable efforts to cure such breach, then Seller may not terminate this
Agreement until forty-five (45) days after all other conditions to Closing set forth in Section 7.1 and Section 7.2 have been satisfied or are capable of being satisfied; and 

9.1.6 The Party desiring to terminate this Agreement shall give notice of such termination to the other Parties in the
manner set forth in Section 11.5. 
 Section 9.2 Effect of Termination. If any Party terminates this Agreement
pursuant to Section 9.1, all rights and obligations of the Parties with respect to this Agreement shall terminate without any Liability of any Party to the other Parties (except for any Liability of the Party then in breach); provided that the
confidentiality provisions contained in the Confidentiality Agreement and Section 11.1 of this Agreement, the Buyer’s indemnity obligations under Section 5.4.2, shall survive termination. 

ARTICLE 10 

TAX MATTERS 
 Section 10.1 Filing of Tax Returns and Payment of Taxes. Except as otherwise provided in this Agreement, the Seller shall be responsible for timely filing of all Tax Returns required by Law to
be filed, and payment of all Taxes levied or imposed, in connection with the Business, the Purchased Assets, the operation of the Purchased Assets, or employees and independent contractors engaged in operating or maintaining the Purchased Assets or
marketing products produced by the Purchased Assets, for any period ending on or prior to the Closing Date. The Buyer shall be responsible for timely filing of all Tax Returns required by Law to be filed, and payment of all Taxes levied or imposed,
in connection with the Business, the Purchased Assets, the operation of the Purchased Assets, or employees and independent contractors engaged in operating or maintaining the Purchased Assets or marketing the products produced by the Purchased
Assets, for any period after the Closing Date. 
 Section 10.2 Straddle Period Taxes. In the case of Taxes that are
payable with respect to any Tax period beginning on or before and ending after the Closing Date (a “Straddle Period”), the portion of any such Taxes that is attributable to the portion of the period ending on the Closing Date shall
be: 
 10.2.1 in the case of Taxes that are imposed in connection with any sale or other transfer or assignment
of property (real or personal, tangible or intangible), deemed equal to the amount that would be payable if the Tax period of the company ended with (and included) the Closing Date; provided that exemptions, allowances or deductions that are
calculated on an annual basis (including depreciation and amortization deductions) shall be allocated between the period ending on and including the Closing Date and the period beginning after the Closing Date in proportion to the number of days in
each period; and 
 10.2.2 in the case of Taxes that are imposed on a periodic basis with respect to the
Purchased Assets, deemed to be the amount of such Taxes for the entire Straddle Period (or, in the case of such Taxes determined on an arrears basis, the amount of such Taxes for the immediately preceding period), multiplied by a fraction the
numerator of which is the number of calendar days in the portion of the period ending on and including the Closing Date and the denominator of which is the number of calendar days in the entire period. 

The Buyer shall prepare or cause to be prepared all Tax Returns required by Law to be filed in connection with the Assets for any Straddle Period. Such
Straddle Period Tax Returns shall be prepared on a basis consistent with past practice except to the extent otherwise required. Not later than thirty (30) days prior to the due date (including any extension) for filing any such Straddle Period
Tax Return, the Buyer shall deliver a copy of such Straddle Period Tax Return, together with all supporting documentation and 

  

					
		  	42	  	Highly Confidential

 
workpapers, to the Seller for its review and reasonable comment. The Buyer will cause such Straddle Period Tax Return (as revised to incorporate the Seller’s reasonable comments) to be
timely filed and will provide a copy to the Seller. Not later than five (5) days prior to the due date for payment of Taxes with respect to any Straddle Period Tax Return, the Seller shall pay directly to the Taxing Authority on behalf of the
Buyer, the amount of any Taxes attributable to the period ending on and including the Closing Date, with respect to such Straddle Period Tax Return. 
 Section 10.3 Ohio Combined State, County and Local Sales Taxes. There is a combined state, county and local sales tax of 6.75% on the retail sale of certain tangible personal property within
Lucas County, Ohio (the “OH Sales Tax”). Excluded from the OH Sales Tax, among other things, are any casual sales, transfers of personalty acquired for the purpose of resale (Hydrocarbon Inventory), gasoline on which a gasoline
excise tax is or will be paid, and machinery, wares and equipment for use in manufacturing operations. The Seller and the Buyer agree that the OH Sales Tax relating to the sale and conveyance of the Purchased Assets shall be shared equally by the
Buyer and the Seller. The Seller and the Buyer agree that except for motor vehicles (for which sales tax will be due when applying for a certificate of title or registering the vehicle) and certain ancillary property, no OH Sales Tax will be
collected and reported on any of the Assets transferred to the Buyer because such Assets fall within one of the above-mentioned exceptions to the OH Sales Tax. At or prior to the Closing Date, the Seller and the Buyer shall agree on the amount of OH
Sales Tax due and, at the Closing, the Seller shall collect from the Buyer the applicable OH Sales Tax and shall remit the same to the appropriate Taxing Authority. The Buyer shall provide the Seller at the Closing with a resale certificate covering
all Hydrocarbon Inventory and raw materials included in the Purchased Assets and shall thereafter provide the Seller with any exemption certificates and other documentation as may be required by the appropriate Taxing Authority to establish the
right to any exemption from the OH Sales Tax. If any exemption claimed by the Buyer or by the Seller is subsequently denied by any Taxing Authority and, as a result, the Seller is assessed additional Taxes, the Buyer shall reimburse the Seller, or
its assignees, for such Taxes. 
 Section 10.4 Transfer Taxes. All Transfer Taxes incurred in connection with this
Agreement and the transactions contemplated by this Agreement will be paid in equal shares by Buyer and the Seller, and Buyer, at its own expense, will file, to the extent required by applicable Law, all necessary Tax Returns and other documentation
with respect to all such transfer or sales and use Taxes, and, if required by applicable Law, Seller will join in the execution of any such Tax Returns or other documentation. 
 Section 10.5 Assistance and Cooperation. After the Closing Date, in the case of any audit, examination, or other proceeding with respect to Taxes (“Tax Proceeding”) for which
the Seller is or may be liable pursuant to this Agreement, the Buyer shall inform the Seller within ten (10) days of the receipt of any notice of such Tax Proceeding, and shall afford the Seller, at the Seller’s expense, the opportunity to
control the conduct of such Tax Proceeding. The Buyer shall execute or cause to be executed powers of attorney or other documents necessary to enable the Seller to take all actions desired by the Seller with respect to such Tax Proceeding to the
extent such Tax Proceeding may affect the amount of Taxes for which the Seller is liable pursuant to this Agreement. The Seller shall have the right to control any such Tax Proceeding and to initiate any claim for refund, file any amended return, or
take any other action that it deems appropriate with respect to such Taxes. 
 Section 10.6 Access to Information.
After the Closing, the Seller shall grant to the Buyer (or its designees) access at all reasonable times to all of the information, books, and records relating to the Purchased Assets within the possession of the Seller, and shall afford the Buyer
(or its designees) the right (at the Buyer’s expense) to take extracts therefrom and to make copies thereof, to the extent reasonably necessary to permit the Buyer (or its designees) to prepare Tax Returns and to conduct negotiations with
Taxing Authorities. After the Closing, the Buyer shall grant to the Seller (or its designees) access at all reasonable times to all of the information, books and records relating to the Purchased Assets within the possession of the Buyer (including
Tax work papers and correspondence with Taxing Authorities), and shall afford the Seller (or its designees) the right (at the Seller’s expense) to take extracts therefrom and to make copies thereof, to the extent reasonably necessary to permit
the Seller (or its designees) to prepare Tax Returns and to conduct negotiations with Taxing Authorities. 

  

					
		  	43	  	Highly Confidential

 Section 10.7 Tax Indemnity. Notwithstanding any other provisions of this
Agreement, Section 8.1, this Section 10.7 and Section 10.8 shall apply to indemnification by the Seller to the Buyer for, and shall be the sole remedy of the Buyer in respect of, the Adverse Consequences described in the following
sentence. The Seller agrees to indemnify and hold harmless the Buyer from and against the entirety of any and all Adverse Consequences that the Buyer may suffer for (i) any breach of the representations and warranties found in
Section 4.1.7, and (ii) any Taxes attributable to the Purchased Assets or the Business with respect to any Tax year ending on or before the Closing Date or for any Tax year beginning before and ending after the Closing Date to the extent
allocable (determined in a manner consistent with Section 10.1) to the portion of such period beginning before and ending on the Closing Date. In no event shall the Seller’s obligation to indemnify the Buyer for any Adverse Consequences
for breach under this Section 10.7 exceed the Indemnity Cap. No right to indemnity shall exist if the Adverse Consequence is the result of actions of the Buyer or its Affiliates. 

Section 10.8 Tax Indemnity Claims. The provisions of this Section 10.8 shall apply only to the indemnification provided
for under Section 10.7. If a claim for Taxes is made against the Buyer and if the Buyer intends to seek indemnity with respect thereto under Section 10.7, the Buyer shall promptly furnish written notice to the Seller of such claim. Failure
of the Buyer to so notify the Seller within sixty (60) days of the claim being made against the Buyer shall terminate all rights of the Buyer to indemnity by the Seller as to such claim to the extent the Seller’s position is prejudiced as
a result thereof (whether due to an adverse effect on its ability to contest such claim or otherwise). The Seller shall have thirty (30) days after receipt of such notice to undertake, conduct, and control (through counsel of its own choosing
and at its own expense) the settlement or defense thereof, and the Buyer shall cooperate with it in connection therewith. The Seller shall permit the Buyer to participate in such settlement or defense through counsel chosen by the Buyer (but the
fees and expenses of such counsel shall be paid by the Buyer). So long as the Seller, at the Seller’s cost and expense, (i) has undertaken the defense of, and assumed full responsibility for all indemnified Adverse Consequences with
respect to, such claim, (ii) is reasonably contesting such claim in good faith by appropriate proceedings, and (iii) has taken such action (including the posting of a bond, deposit, or other security) as may be necessary to prevent any
action to foreclose a lien against or attachment of the property of the Buyer for payment of such claim, the Buyer shall not pay or settle any such claim. Notwithstanding compliance by the Seller with the preceding sentence, the Buyer shall have the
right to pay or settle any such claim, but in such event it shall waive any right to indemnity by the Seller for such claim. If within thirty (30) days after the receipt of the Buyer’s notice of a claim of indemnity hereunder, the Seller
does not notify the Buyer that it elects (at the Seller’s cost and expense) to undertake the defense thereof and assume full responsibility for all indemnified Adverse Consequences with respect thereto, or, if the Seller gives such notice and
thereafter fails to contest such claim in good faith or to prevent action to foreclose a lien against or attachment of the Buyer’s property as contemplated above, the Buyer shall have the right to contest, settle, or compromise such claim and
the Buyer shall not thereby waive any right to indemnity for such claim under this Agreement. 
 Section 10.9 Tax
Refunds. Refunds of Taxes paid or payable with respect to Taxes attributable to the Purchased Assets shall be promptly paid as follows (or to the extent payable but not paid due to offset against other Taxes shall be promptly paid by the Party
receiving the benefit of the offset as follows): (i) to the Seller if attributable to Taxes with respect to any Tax year ending on or before the Closing Date or for any Tax year beginning before and ending after the Closing Date to the extent
allocable (determined in a manner consistent with Section 10.1) to the portion of such period beginning before and ending on the Closing Date; and (ii) to the Buyer if attributable to Taxes with respect to any Tax year beginning after the
Closing Date or for any Tax year beginning before and ending 

  

					
		  	44	  	Highly Confidential

 
after the Closing Date to the extent allocable (determined in a manner consistent with Section 10.1) to the portion of such period ending after the Closing Date. 

Section 10.10 Certification of Nonforeign Status. On the Closing Date, the Seller shall deliver to the Buyer a certificate
(in the form attached hereto as Exhibit H) signed under penalties of perjury (i) stating that it is not a foreign corporation, foreign partnership, foreign trust or foreign estate, (ii) providing its U.S. Employer Identification
Number, and (iii) providing its address, all pursuant to Section 1445 of the Code. 
 Section 10.11 Non-Ohio Sales
Taxes. Included in the Purchased Assets may be certain amounts of Hydrocarbon Inventory that are located in states other than Ohio. To the extent that is the case, the Parties agree that the Seller will not collect from the Buyer any sales taxes
on the transfer of such Hydrocarbon Inventory since all such Hydrocarbon Inventory is being purchased for resale and, therefore, is exempt from any sales tax under the laws of all states of the United States. 

ARTICLE 11 

MISCELLANEOUS 
 Section 11.1 Press Releases and Confidentiality. No Party shall issue any press release or make any public announcement relating to the subject matter of this Agreement without the prior
written approval of the other Parties, which approval shall not be unreasonably withheld; provided that any Party may make any public disclosure it believes in good faith is required by applicable Law or any listing or trading agreement concerning
its publicly traded securities (in which case the disclosing Party will advise the other Parties before making the disclosure). Each Party shall keep all information obtained from the other either before or after the date of this Agreement, or
related to the Buyer’s proposed purchase of the Purchased Assets, the Seller’s proposed sale of the Purchased Assets, the contents of this Agreement or the negotiation of this Agreement, confidential, and no Party shall reveal such
information to, or produce copies of any written information for, any Person outside its management group or its professional advisors (including lenders and prospective financing sources) without the prior written consent of the other Parties,
unless such Party is compelled to disclose such information by judicial or administrative process or by any other requirements of Law or disclosure is reasonably necessary to obtain a License or a consent. If the transactions contemplated by this
Agreement should fail to close for any reason, each Party shall return to the other as soon as practicable all originals and copies of written or recorded information provided to such Party by or on behalf of any other Party and none of such
information shall be used by such Party, or its Representatives, in the business operations of any Person. Notwithstanding the foregoing, each Party’s obligations under this Section shall not apply to any information or document which
(i) is or becomes the subject of a subpoena or other legal process, (ii) is or becomes available to the public other than as a result of a disclosure by such Party or its Affiliates in violation of this Agreement or other obligation of
confidentiality under which such information may be held, or (iii) was obtained or is or becomes available to such Party on a nonconfidential basis from a source other than any other Party or its Representatives. Except as may be required by
Law, the Parties shall seek appropriate protective orders or confidential treatment for the Schedules to this Agreement in connection with any filing with or disclosure to any Governmental Authority. The Parties’ confidentiality obligations
under this Section shall survive the Closing or the earlier termination of this Agreement for a period of three (3) years. Nothing in this Section shall, or is intended to, impair or modify any of the obligations of the Buyer or its Affiliates
under the Confidentiality Agreement, which remains in effect until termination of such agreement in accordance with its terms. Notwithstanding anything herein to the contrary, any Party to this Agreement (and any employee, Representative, or other
agent of any Party to this Agreement) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including opinions or
other tax analyses) that are provided to it relating to such tax treatment and tax structure; provided, however, 

  

					
		  	45	  	Highly Confidential

 
that such disclosure may not be made (i) until the earlier of (x) the date of public announcement of discussions relating to the transactions and (y) the date of the execution of
an agreement to enter into the transactions and (ii) to the extent required to be kept confidential to comply with any applicable federal or state securities laws. 
 Section 11.2 No Third Party Beneficiaries. Except for the Seller Indemnified Parties, the Buyer Indemnified Parties and as set forth in Section 6.7, nothing in this Agreement shall confer
any rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns. 

Section 11.3 Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named
herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval of each other Party. 

Section 11.4 Counterparts and Facsimile Signatures. This Agreement may be executed in counterparts (which may be by
facsimile, PDF format or other electronic transmission), each of which shall be deemed an original but which together will constitute one and the same instrument. 
 Section 11.5 Notices. All notices, requests, demands, claims, and other communications hereunder will be in writing. Any notice, request, demand, claim, or other communication hereunder shall
be deemed duly given two (2) Business Days after it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below: 

 

			
	 If to the Buyer:
	  	
		
		  	 Toledo Refining Company LLC

c/o PBF Holding Company LLC
 1 Sylvan Way,
2nd floor

Parsippany, NJ 07054-3887
 Attention: General
Counsel

		  	Tel: 973-455-7500
		  	Email: Jeffrey.dill@pbfenergy.com
		
	 With a copy to:
	  	 Toledo Refining Company LLC

c/o PBF Holding Company LLC
 1 Sylvan Way,
2nd floor

Parsippany, NJ 07054-3887
 Attention:
President

		  	Tel: 973-455-7500
		  	Email: mgayda@pbfenergy.com
		
	 If to the Seller:
	  	Sunoco, Inc. (R&M)
		  	Mellon Bank Center
		  	1735 Market Street, Suite LL
		  	 Philadelphia, PA 19103

Attn: Bruce G. Fischer

		  	         Senior Vice President, Strategy & Portfolio
		  	 Tel: (215)977-3467
 Email:
BGFischer@sunocoinc.com

  

					
		  	46	  	Highly Confidential

			
		
	 With a copy to:
	  	Sunoco, Inc. (R&M)
		  	Mellon Bank Center
		  	 1735 Market Street, Suite LL

Philadelphia, PA 19103
 Attn: Stacy L. Fox

          Senior Vice President and General Counsel

Tel: (215)977-3015
 Email:
SLFox@sunocoinc.com

 Any Party may send any notice, request, demand, claim, or other communication hereunder to the intended recipient at the
addresses set forth above using any other means (including personal delivery, expedited courier, messenger service, ordinary mail, or electronic mail, where receipt thereof is confirmed, but specifically excluding telecopy), but no such notice,
request, demand, claim, or other communication shall be deemed to have been duly given unless and until it actually is received by the intended recipient. Any Party may change the address to which notices, requests, demands, claims, and other
communications hereunder are to be delivered by giving each other Party notice in the manner herein set forth. 

Section 11.6 Governing Law; Consent Jurisdiction and Venue. This Agreement shall be governed by and construed in accordance
with the domestic Laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the Laws of any jurisdiction
other than the State of New York. Each Party hereto (i) agrees that service upon it by registered mail shall constitute sufficient notice; provided that nothing herein shall affect the right to serve process in any other manner permitted by
law, (ii) irrevocably and unconditionally consents and submits itself and its property in any action or proceeding to the exclusive general jurisdiction of the United States District Court for the Southern District of New York, or, if such
court does not have subject matter jurisdiction, the state courts of New York located in New York County in the event any dispute arises out of this Agreement or the transactions contemplated by this Agreement, or for recognition and enforcement of
any judgment in respect thereof, (iii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, (iv) agrees that any actions or proceedings arising in connection
with this Agreement or the transactions contemplated by this Agreement shall be brought, tried and determined only in the United States District Court for the Southern District of New York, or, if such court does not have subject matter
jurisdiction, the state courts of New York located in New York County, (v) waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in
an inconvenient court and agrees not to plead or claim the same, and (vi) agrees that it will not bring any action relating to this Agreement or the transactions contemplated by this Agreement in any court other than the aforesaid courts. The
Buyer and the Seller agrees that a final judgment in any action or proceeding in such court as provided above shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. 

Section 11.7 Entire Agreement and Amendments. This Agreement (including the documents referred to in this Agreement)
constitutes the entire agreement among the Parties and supersedes any prior understandings, agreements, or representations by or between the Parties, written or oral, to the extent they have related in any way to the subject matter of this
Agreement. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by the Buyer and the Seller. Notwithstanding the preceding sentences to the contrary, this Agreement shall not alter, limit,
modify, impair, supersede or replace the Confidentiality Agreement, which remains in full force and effect. 

  

					
		  	47	  	Highly Confidential

 Section 11.8 Severability. Any term or provision of this Agreement that is
invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or
in any other jurisdiction. 
 Section 11.9 Transaction Expenses. The Buyer and the Seller will bear their own costs
and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby, except as expressly provided otherwise herein. 

Section 11.10 Waiver of Bulk Sales Law Compliance. The Buyer hereby waives compliance or its equivalent by the Seller with
the requirements, if any, of Article 6 of the Uniform Commercial Code as in force in any state in which Purchased Assets are located and all other similar laws applicable to bulk sales and transfers; provided, however, that the Seller shall
indemnify and hold the Buyer harmless from any Adverse Consequences as a result of such waiver. 
 Section 11.11 Failure
or Indulgence Not Waiver. No failure or delay on the part of any Party hereto in the exercise of any right hereunder shall impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty,
covenant or agreement herein, nor shall any single or partial exercise of any such right preclude other or further exercise thereof or of any other right. 
 Section 11.12 Time of the Essence. Time is of the essence in this Agreement. If the date specified in this Agreement for giving any notice or taking any action is not a Business Day (or if the
period during which any notice is required to be given or any action taken expires on a date which is not a Business Day), then the date for giving such notice or taking such action (and the expiration date of such period during which notice is
required to be given or action taken) shall be the next day which is a Business Day. 

  

					
		  	48	  	Highly Confidential

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

  

			
	Seller:
	
	 SUNOCO, INC. (R&M)
 a Pennsylvania corporation

		
	By:	 	/s/ Brian P. MacDonald
	Name: Brian P. MacDonald
	 Title: Senior Vice President and Chief Financial
 Officer
 Dec 2/10

	
	Buyer:
	
	 Toledo Refining Company LLC
 a Delaware limited liability company

		
	By:	 	/s/ Michael D. Gayda
	Name: Michael D. Gayda
	Title: President

 [Signature page to Asset Sale and Purchase Agreement] 

  
 49 

 SCHEDULE 1.1 
 Definitions and Interpretations 
 Section 1.1 Definitions.
Unless otherwise provided to the contrary in this Agreement, capitalized terms in this Agreement shall have the following meanings: 

“Accountants” means a firm of independent certified public accountants mutually selected by the Parties. 

“Adjustment Balance” has the meaning set forth in Section 2.6.3.4(b). 
 “Adverse Consequences” means all actions, causes of action, suits, proceedings, hearings, investigations, charges, complaints, claims, demands, injunctions, judgments, orders, decrees,
rulings, actual damages, dues, penalties, fines, costs, amounts paid in settlement, Liabilities, liens, actual losses, expenses, and fees, including court costs and reasonable attorneys’ fees and expenses, but excluding Non-Recoverable Adverse
Consequences. 
 “Affiliate” means, with respect to any specified Person, any other person which directly or indirectly through
one or more intermediaries controls, or is controlled by, or is under common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities, by agreement or otherwise. 
 “Agency Agreement” means the Agency Agreement
substantially in the form attached hereto as Exhibit I. 
 “Agreement” has the meaning set forth in the preface.

 “AIP” has the meaning set forth in Exhibit 6.5. 
 “Allocated Rights and Obligations” has the meaning set forth in Section 2.5(b). 
 “Antitrust Division” has the meaning set forth in Section 5.2. 

“Assigned Contracts” has the meaning set forth in Section 2.1.6. 
 “Assumed Environmental Liabilities” has the meaning set forth in Section 2.3.6. 
 “Assumed Liabilities” has the meaning set forth in Section 2.3. 

“Assigned Contracts” has the meaning set forth in Section 2.1.6. 
 “Bill of Sale, Assignment and Assumption Agreement” has the meaning set forth in Section 2.9.1.3. 
 “Books and Records” has the meaning set forth in Section 2.1.8. 

“Branded Sales Contracts” means contracts pursuant to which Seller, through its Branded Marketing division, sells branded gasoline,
diesel, or race fuel to customers that have rights to resell those products using Seller’s or its Affiliates’ trademarks, servicemarks, or trade names (whether owned or licensed from third parties). 

“BS&W” means bottom sediment and water. 

  

					
		  	 Schedule 1.1
  

Page 1
	  	Highly Confidential

 “Business” means the business currently conducted by the Seller that relates exclusively to
the ownership, operation or use of the Facilities and the Purchased Assets, but excluding Seller’s Branded Marketing business and excluding SXL’s businesses, including SXL’s logistics, transportation, and terminal/throughput
businesses. 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in New York,
New York are authorized by law to close. 
 “Buyer” has the meaning set forth in the preface. 

“Buyer Indemnified Party” has the meaning set forth in Section 8.2. 
 “Buyer Material Adverse Effect” means an effect, event, development or change which individually or in the aggregate with all effects, events, developments or changes is or is likely to
become materially adverse to the ability of Buyer to execute and perform its obligations under this Agreement or to consummate the transactions contemplated hereby. 
 “Buyer’s Parent” means PBF Holding Company LLC, a Delaware limited liability company. 
 “Buyer’s Parent Guaranty” means the Buyer Guaranty in the form attached hereto as Exhibit J. 
 “Buyer Plan” has the meaning set forth in Exhibit 6.5. 
 “Buyer Savings
Plan” has the meaning set forth in Exhibit 6.5. 
 “Cash Purchase Price” has the meaning set forth in
Section 2.6.1. 
 “Casualty” has the meaning Set forth in Section 6.13.1 

“CBA” has the meaning set forth in Exhibit 6.5. 
 “Claim” means any demand, claim, action, investigation, inquiry, notice of violation, legal proceeding or arbitration, whether or not ultimately determined to be valid. 

“Claim Notice” has the meaning set forth in Section 8.7. 
 “Claim Response” has the meaning set forth in Section 8.7. 

“Closing” has the meaning set forth in Section 2.8. 
 “Closing Date” has the meaning set forth in Section 2.8. 
 “Closing
Date Proration Adjustment” has the meaning set forth in Section 2.6.3.3(a). 
 “Closing Payment” has the meaning
set forth in Section 2.6.1. 
 “Closing Value” has the meaning set forth in Section 2.6.3.4(a). 

“COBRA” “ has the meaning set forth in Exhibit 6.5. 
 “Code” means the Internal Revenue Code of 1986, as amended, or any successor Law. 

  

					
		  	 Schedule 1.1
  

Page 2
	  	Highly Confidential

 “Confidentiality Agreement” means the Confidentiality Agreement between Sunoco, Inc. and
PBF Investments LLC, dated March 22, 2010. 
 “Continuing Conditions” mean Releases of Hazardous Substances at or from the
Purchased Assets that exist prior to the Closing Date, including migration or movement there from, and continue for all or part of the five (5) year period after the Closing Date, including continuing Releases after the Closing Date from the
same source as Releases prior to the Closing Date, and migration or movements there from, that occur after the Closing Date from such Releases. 

“Continuing Employee” has the meaning set forth in Exhibit 6.5. 
 “Contracts” means all contracts, agreements, commitments, leases, franchises or other similar obligations or arrangements (whether written or oral). 

“Costs of Compliance” means all costs, capital expenditures, fees and expenditures of any kind associated with attaining or maintaining
compliance with any Environmental Law and all costs, fees and expenditures of any kind required to obtain, amend, modify, renew or otherwise maintain any applicable Environmental Permits, including permits for any “grandfathered” units.

 “Credit Support Arrangements” has the meaning set forth in Section 6.7.1. 

“Current Employees” has the meaning set forth in Exhibit 6.5. 
 “Customs” has the meaning set forth in Section 5.7. 
 “Default”
means (a) a breach, default or violation, (b) the occurrence of an event that with or without the passage of time or the giving of notice, or both, would constitute a breach, default or violation or cause an Encumbrance to arise or
(c) with respect to any Contract, the occurrence of an event that with or without the passage of time or the giving of notice, or both, would give rise to a right of termination, cancellation, amendment, renegotiation or acceleration or a right
to receive damages or a payment of penalties. 
 “Derivative Contracts Agreement” has the meaning set forth in
Section 6.10. 
 “Easements” has the meaning set forth in Section 2.1.3. 

“Employment Date” has the meaning set forth in Exhibit 6.5. 
 “Encumbrance” means any mortgage, pledge, lien, encumbrance, encroachment, charge, other security interest or defect in title. 
 “Environmental Law” or “Environmental Laws” means all federal, state and local Laws (including common law) relating to the protection of natural resources, wildlife, or
the environment or employee or public health or safety, including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. §§ 9601 et seq., the Resource Conservation and Recovery Act of 1976,
as amended, 42 U.S.C. §§ 6901 et seq., the Clean Air Act, as amended, 42 U.S.C. §§ 7401 et seq., the Toxic Substance Control Act, 15 U.S.C. Section 2601 et seq.; the Hazardous Materials Transportation Act, 49 U.S.C.
Section 1802 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq.; the Safe Drinking Water Act, 42 U.S.C. Section 300F et seq.; the Emergency Planning and Community Right-to-know Act, as amended, 42 U.S.C. §§ 11001
et seq., the Federal Water Pollution Control Act, as amended, 33 U.S.C. §§ 1251 et seq., the Oil Pollution Act of 1990, 33 U.S.C. §§ 2701 et seq. and the Occupational Safety and Health Act of 1970, 29 U.S.C. §§ 651 et.
seq. and the regulations promulgated pursuant thereto, and any state or local counterparts. 

  

					
		  	 Schedule 1.1
  

Page 3
	  	Highly Confidential

 “Environmental Liabilities” means any and all Liabilities, responsibilities, suits, costs
(including Remedial Work), assessments, liens, penalties, fines, natural resource damages, prejudgment and post-judgment interest, and attorney’s fees incurred or imposed (a) pursuant to any order, decree, notice, injunction, judgment or
similar ruling from a Governmental Authority arising out of or in connection with any Environmental Law, Order or Environmental Permit or (b) pursuant to any claim by a Governmental Authority or other Person for personal injury, death, property
damage, damage to natural resources, economic loss, damages or Remedial Work to the extent arising out of, based on or resulting from a Release or migration or movement of Hazardous Substances, or (c) under Environmental Law, Order or
Environmental Permit. 
 “Environmental Permits” means all permits, licenses, approvals, or other authorizations required to be
obtained pursuant to Environmental Laws for the operation of the Business as presently operated by the Seller, including applications for renewal of such permits, where the application allows for continued operation under the terms of an expired
permit. 
 “Environmental Testing” shall mean any environmental site assessment, test, inspection or investigation of the
Purchased Assets (but excluding routine operator observations or similar routine operator activities taken in the ordinary course of operation and maintenance of the Purchased Assets) that could reasonably be expected to lead to the discovery,
investigation or assessment of an Environmental Liability for which Seller is or would be liable pursuant to Section 2.4.4 hereof. 

“Equipment” means all machinery, mobile or otherwise, equipment and systems, including (a) all processing units and distillation
systems, (b) all heating, lighting, and power systems, fire prevention and fire extinguishing systems, control systems, emergency warning and emergency preparedness systems and related assets, and heating, refrigerating, air conditioning, and
ventilating systems, (c) all tanks, meters, pumps, engines, compressors, pipes, fittings, valves, connections, regulators, and loading and unloading lines, (d) all telecommunication assets and equipment and computer hardware and software,
(e) all spare parts, tools, computers, and warehouse stores, (f) all other fixtures, furniture and furnishings, (g) works-in-process, (h) vehicles, and (i) all other tangible personal property, in each case presently located
in or on, attached or appurtenant to, the Facilities and used or held for use by the Seller exclusively in connection with the ownership and operation of the Purchased Assets or the operation of the Business as currently conducted by the Seller, but
excluding any such items that are owned by SXL. 
 “ERISA” has the meaning set forth in Section 4.1.11.1. 

“Estimated Hydrocarbon Inventory Statement” has the meaning set forth in Section 2.6.3.3(b). 

“Estimated Hydrocarbon Inventory Value” has the meaning set forth in Section 2.6.3.3(b). 

“Estimated Closing Statement” has the meaning set forth in Section 2.6.3.3(a). 

“Estimated Proration” has the meaning set forth in Section 2.6.3.3(a). 
 “Excluded Assets” has the meaning set forth in Section 2.2. 

“Excluded Contracts” has the meaning set forth in Section 2.2.6. 
 “Excluded Liabilities” has the meaning set forth in Section 2.4. 

  

					
		  	 Schedule 1.1
  

Page 4
	  	Highly Confidential

 “Exhibit” means an exhibit identified in this Agreement. 

“Expert” means either the Accountants or Refinery Expert. 
 “Facilities” means all Equipment, buildings, tanks, rail lines, pipelines and fixtures, including refining and processing plants, on the Owned Real Property and the appurtenances thereto,
but excluding (i) power lines, pipelines, telephone lines and other improvements and fixtures owned by public utilities furnishing utilities to the Owned Real Property, (ii) rail lines, pipelines and other improvements and fixtures owned
by Third Parties and located on existing easements for such purpose which encumber the Owned Real Property, (iii) equipment, personal property, buildings, tanks, rail lines, pipelines and fixtures owned by SXL or any of its Affiliates and
(iv) any exclusions or exceptions to title recorded against the Owned Real Property in the Lucas County Register of Deeds. 

“Feedstock Payment” has the meaning set forth in Section 2.6.1. 
 “FERC” means the Federal Energy Regulatory Commission. 
 “Fixed Price
Contract” means each fixed price customer Contract which relates to a hedging arrangement. 
 “Fixture Equipment” has
the meaning set forth in Section 4.1.2.6. 
 “FMLA” has the meaning set forth in Exhibit 6.5. 

“Former Employees” means employees employed by Seller or its Affiliates in connection with the Purchased Assets or the Business at any
time prior to the date hereof, other than Current Employees. 
 “FTC” has the meaning set forth in Section 3.1.2.

 “FTZ” means foreign trade zone. 
 “Gas Oil Exchange Agreement” means the Gas Oil Exchange and Net-Out Agreement by and between Holly Refining & Marketing-Tulsa LLC and the Seller dated June 1, 2009.

 “Global CAA Consent Decree” means the judicial consent decree entered into by the Seller in United States v.
Sunoco, Inc., No. 05-02866 (E.D. Pa.). 
 “Global CAA Consent Decree Court” has the meaning set forth in
Section 6.9.1.1. 
 “Global CAA Consent Decree Modification” means a modification to the Global CAA Consent Decree in the
form attached hereto as Exhibit K under which the Buyer assumes all of the liabilities and obligations of the Global CAA Consent Decree that are applicable to the Purchased Assets or the Business. 

“Governmental Authority” means the United States and any foreign, state, county, city or other political subdivision, agency, court or
instrumentality and any self-regulatory organization, such as a securities exchange. 
 “Governmental Authority Environmental
Claims” has the meaning set forth in Section 2.4.4.2. 
 “Governmental Interactions” means any communications,
negotiations, meetings, or other interactions with Governmental Authorities. 

  

					
		  	 Schedule 1.1
  

Page 5
	  	Highly Confidential

 “Hazardous Substances” means (i) any chemicals, materials, substances, or items in any
form, whether solid, liquid, gaseous, semisolid, or any combination thereof, whether waste materials, raw materials, chemicals, finished products, by-products, or any other materials or articles, which are listed, defined or otherwise designated as
hazardous, toxic or dangerous under Environmental Law, including asbestos, urea formaldehyde foam insulation, and lead-containing paints or coatings, (ii) any petroleum, petroleum derivatives, petroleum products or by-products of petroleum
refining, and (iii) any other chemical, substance or waste that is regulated by Environmental Law. 
 “HSR Act” means the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. 
 “Hydrocarbon Inventory” means the following hydrocarbon
and hydrocarbon-derived inventory of the Seller located at or associated with the Facilities (which shall be measured and valued in accordance with Schedule 2.6.3.2): (i) raw materials (including crude oil and gas oil), feedstocks and
intermediate stocks (including vacuum gas oil, light cycle oil, and naphtha) that are in transit to the Facilities in Third Party pipelines (or in pipelines owned or controlled by SXL) and raw materials, feedstocks and intermediate stocks designated
as Sunoco-owned line fill in Third Party pipelines (or in pipelines owned or controlled by SXL) on which Seller ships such oil and stocks into the Facilities; (ii) raw materials, blendstocks (including ethanol, additives, biodiesel, and butane
which is to be blended into a finished product), feedstocks and intermediate stocks that are located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such
products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (iii) refined products (including gasoline, distillates, residuals, HARF, clarified slurry oil, sulfur, propanes, and butanes which
are to be sold as finished product) located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third
Party as of the Hydrocarbon Inventory Transfer Time; (iv) petrochemical products (including benzene, toluene, xylene, tetramer and nonene) located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage
owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (v) tank heels associated with any of the foregoing; (vi) BS&W,
intra-refinery line fill, and unit fill at the Facilities. 
 “Hydrocarbon Inventory Transfer Time” has the meaning set forth
in Schedule 2.6.3.2. 
 “Hydrocarbon Inventory Value” has the meaning set forth in Section 2.6.3.2. 

“Idle Assets” has the meaning set for in Section 2.1.12. 
 “Indemnified Party” has the meaning set forth in Section 8.7. 

“Indemnifying Party” has the meaning set forth in Section 8.7. 
 “Indemnity Cap” has the meaning set forth in Section 8.4.3. 

“Intellectual Property” means any patent rights, inventions, shop rights, know-how, trade secrets, designs, drawings, artwork, plans,
prints, manuals, models, design registrations, inventions, technical information and data, copyrightable works, lists of materials, patterns, records, diagrams, formulae, product design standards, tools, prototypes, product information literature,
computer files, computer software, specifications, schematics, proprietary processes, confidential information and other proprietary technology and similar information including process technology licenses; all registered and unregistered
copyrights; and all registrations for, and applications for registration of, any of the foregoing; provided, however, that Intellectual Properly shall not include any registered and unregistered trademarks, service

  

					
		  	 Schedule 1.1
  

Page 6
	  	Highly Confidential

 
marks, logos, brand names, trade names, other names or slogans embodying business or product goodwill, and all other trademark rights or any registrations for, and applications for registration
of, any of such excluded items. 
 “Knowledge” or “knowledge” (or phrases of similar import) means, in the
case of the Seller, the actual knowledge of the individuals listed on Schedule 1.1 A without independent investigation or inquiry and, in the case of the Buyer, the actual knowledge of the individuals listed on Schedule 1.1B without
independent investigation or inquiry. 
 “Laws” means any law, statute, code, regulation, rule, injunction, judgment,
ordinance, order, decree, ruling, charge, or other restriction of any applicable Governmental Authority. 
 “Leased Real Property”
has the meaning set forth in Section 2.1 2. 
 “Leased Vehicles” has the meaning set forth in
Section 2.1.14. 
 “Liabilities” means any direct or indirect liability, indebtedness, obligation, duties,
responsibilities, expense, claim, loss, damage, deficiency, guaranty or endorsement of or by any Person, of any kind, whether absolute or contingent, asserted or unasserted, monetary or non-monetary, accrued or unaccrued, due or to become due,
liquidated or unliquidated. 
 “Licensed Intellectual Property” means all of the Intellectual Property which the Seller
licenses from Third Parties that are used exclusively in connection with the operation of the Purchased Assets and the Business and that portion of the Intellectual Property that Seller licenses from Third Parties that is used in connection with the
operation of the Purchased Assets and the Business, which is also used in connection with other facilities or assets owned by Seller or its Affiliates as expressly set forth in and listed on Schedule 2.1.1 l(B). 

“Licenses and Permits” has the meaning set forth in Section 2.1.7. 
 “Litigation” means any action, case, suit, investigation or other proceeding pending before any Governmental Authority or any arbitration proceeding. 

“Material Adverse Effect” means any occurrence, fact, condition or change or changes in, or effect on, the Purchased Assets or Business
(excluding the Excluded Liabilities), that is, or would reasonably be expected to be, individually or in the aggregate, materially adverse to the business, assets, operations or conditions (financial or otherwise) of the Purchased Assets or the
Business taken as a whole, other than any change or effect relating to or arising out of (i) conditions affecting the national, regional or world economies generally, (ii) any change or effect resulting from changes in or in industry
standards, (iii) any materially adverse change which is cured (including by the payment of money) by the Seller before the Termination Date, (iv) any effect on the Business or Purchased Assets resulting from changes in a financial rating
published by a third party rating agency (v) any changes in commodity prices or refining margins, (vi) national or international political or social conditions, including the engagement by the United States in hostilities, whether or not
pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack upon the United States, or any of its territories, possessions, or diplomatic or consular offices or upon any military installation,
equipment or personnel of the United States, (vii) changes in GAAP, (viii) changes in Law or other binding directives issued by any Governmental Authority, (ix) the announcement of this Agreement or any other agreements contemplated
hereby, (x) conditions affecting the financial, banking, or securities markets generally, (xi) any existing event or occurrence or circumstance with respect to which Buyer has Knowledge as of the date hereof, (xii) arising out of any
action taken or not taken by Seller pursuant to this Agreement or with the consent 

  

					
		  	 Schedule 1.1
 Page 7
	  	Highly Confidential

 or agreement of, or at the direction of, Buyer, (xiii) any continuation of an adverse trend or
condition in the refining, chemical or oil industries, (xiv) any increases in the costs of commodities or supplies and (xv) any items set forth in the Schedules delivered by Seller; provided, however, that in the case of clauses (i), (ii),
(vi), (vii), (viii), (x), (xiii), and (xiv) if such change has a disproportionally adverse effect on the Business or Purchased Assets as compared to the effect on the assets or businesses of other similarly situated participants in the
industry, then such changes shall constitute a Material Adverse Effect. 
 “Material Contract” means any of the following
Contracts that relate exclusively to the Purchased Assets or the Business, provided that such Contract is not listed on Schedule 2.2.6 as an Excluded Contract: 
 (i) Any Contract for the purchase of raw materials (including gas oil and crude oil), blendstocks, feedstocks and intermediate stocks, or refined products, including the Gas Oil Exchange Agreement.

 (ii) Any Contract for the supply of goods or services, other than raw materials (including crude oil), blendstocks,
feedstocks, intermediate stocks or refined products, that provides for future payments of more than $250,000.00 per contract year. 
 (iii) Any Contract pertaining to the sale of refined products (including any Fixed Price Contracts) or any chemicals products that provides for payments to the Seller or its Affiliates, during the current
term and any committed renewal period, of more than $1,000,000. 
 (iv) Any Contract pertaining to the transportation, storage,
terminalling, or throughput of raw materials, blendstocks, feedstocks and intermediate stocks, refined products or chemicals products, including the Pipeline Throughput and Deficiency Agreement. 

(v) Any Contract for the sale, lease or disposition of any Purchased Asset that provides for the future payment of more than $20,000 per
contract year. 
 (vi) Any Contract (including any right of first refusal, purchase option or other similar rights) relating to
the purchase, sale or other transfer of any interest in real property. 
 (vii) The Real Property Leases. 

(viii) Any Contract with a site partner who is located on the Owned Real Property. • 

(ix) Any Contract prohibiting or purporting to limit the owner, operator, licensee or holder of the Business or the Purchased Assets from
competing with another Person in any business or area or during any period of time. 
 (x) Any commitment or agreement for any
capital expenditure or leasehold improvement, individually or in the aggregate, in excess of $500,000. 
 (xi) Any Contract or
understanding to enter into any Contract with respect to any of the matters described in clauses (i) through (x) of this definition of Material Contract. 
 (xii) Any other Contract that has a term greater than one year and requires payments in excess of $250,000 per contract year. 

  

					
		  	 Schedule 1.1
 Page 8
	  	Highly Confidential

 (xiii) Any other Contract that requires payments in excess of $ 1,000,000 in any contract
year. 
 “Minor Claims” has the meaning set forth in Section 8.4.1. 

“Multi-Site Agreements” has the meaning set forth in Section 2.5(b). 
 “NEP Settlement Obligations” has the meaning set forth in Section 6.9.2.2. 

“Non-Recoverable Adverse Consequences” has the meaning set forth in Section 8.9. 

“Off-Site Contamination” means Hazardous Substances existing as of the Closing Date on property beyond the boundaries of the Purchased
Assets, as extended indefinitely downward below the ground surface, that originated from a Release on or from the Purchased Assets that occurred prior to the Closing Date, but does not include Hazardous Substances that exist beyond the boundaries of
the Purchased Assets, as extended indefinitely downward below the ground surface, resulting from treatment, storage or disposal of Hazardous Substances prior to the Closing Date on, in or under properties other than the Purchased Assets. 

“Off-Take Agreement” has the meaning set forth in Section 2.9.1.8. 
 “OH Sales Tax” has the meaning set forth in Section 10.3. 

“Orders” shall mean any orders, decrees, requests, directives, settlements or any other similar requirement imposed, issued or assessed
by, or entered into with, applicable Governmental Authority. 
 “Ordinary Course of Business” means the ordinary course of
business in all material respects consistent with the affected Party’s past custom and practice (including with respect to quantity and frequency) during the twelve (12) month period immediately prior to the Closing Date. 

“Organizational Documents” means the articles of incorporation, certificate of incorporation, charter, bylaws, articles or certificate
of formation, regulations, operating agreement, certificate of limited partnership, partnership agreement, and all other similar documents, instruments or certificates executed, adopted, or filed in connection with the creation, formation, or
organization of a Person, including any amendments thereto. 
 “OSHA” means the Occupational Health and Safety Administration.

 “Owned Intellectual Property” means all of the Intellectual Property owned by the Seller which is used exclusively in
connection with the operation of the Purchased Assets and the Business as expressly set forth in and listed on Schedule 2.1.11(A). 

“Owned Real Property” has the meaning set forth in Section 2.1.1. 
 “Owned Vehicles” has the meaning set forth in Section 2.1.14. 

“Participation Payment” has the meaning set forth in Section 2.6.1. 
 “Participation Year” and “Participation Years” have the meaning set forth in Section 2.6.4. 
 “Party” and “Parties” have the meanings set forth in the preface. 

  

					
		  	 Schedule 1.1
 Page 9
	  	Highly Confidential

 “Permits” means all consents, permits, license, orders, registrations, certificates,
approvals or other similar rights, authorizations or directives from any Governmental Authority which are necessary to the ownership and operation of the Purchased Assets or Business. 
 “Permitted Encumbrances” means and includes: 
 (a) liens for
Taxes or other charges or assessments by any Governmental Authority to the extent that the payment thereof is not in arrears or otherwise due or is being contested in good faith and by appropriate proceedings, provided that (i) no lien will
attach to any of the Purchased Assets during such contest, and (ii) such amount shall in all events remain the obligation of the Seller; 
 (b) encumbrances in the nature of zoning restrictions, building and land-use Laws, ordinances, orders, decrees, restrictions or any other conditions imposed by or pursuant to any agreement with any
Governmental Authority; provided, however, that the same individually and in the aggregate do not materially detract from the value of the Purchased Assets as currently used or materially interfere with the current operation or use of the Purchased
Assets or the Business; 
 (c) any lien or title imperfection with respect to the Purchased Assets created by or resulting from
any act or omission of the Buyer; 
 (d) all easements, encumbrances, agreements, instruments, discrepancies, conflicts,
shortages in area or boundary lines, encroachments or protrusions, overlapping of improvements, defects, irregularities and other matters affecting or encumbering title to the Purchased Assets which individually or in the aggregate do not materially
detract from the value of the Purchased Assets as currently used or materially interfere with the current operation or use of the Purchased Assets or the Business; 
 (e) all agreements, leases, instruments, documents, liens, licenses or encumbrances which are described in any of Schedules 2.1.1, 2.1.2, 2.1.3, 2.1.7, 2.1.10,
2.1.11(A), 2.1.11(B), 2.1.12, 3.1.2, 4.14(a), 4.1.7.6, 4.1.8 and 4.1.9, in addition to all agreements and matters shown on any title reports, title abstracts, title insurance policies and commitments
pertaining to the Owned Real Property and made available or provided to the Buyer or its Representatives at or prior to the Closing; 
 (f) (i) undetermined or inchoate liens or charges constituting or securing the payment of expenses which were incurred incidental to the conduct of the Business and (ii) materialmen’s,
mechanics’, repairmen’s, employees’, contractors’, operators’, warehousemen’s, barge or ship owner’s and carriers’ liens or other similar liens, security interests or charges for liquidated amounts arising in
the Ordinary Course of Business incidental to the conduct of the Business, securing amounts the payment of which is not delinquent and that will be paid in the Ordinary Course of Business or, if delinquent, that is being contested in good faith with
any action to foreclose or attach any of the Purchased Assets on account thereof properly stayed; provided that the Seller shall be responsible for, and shall promptly pay when due, all amounts finally determined to be owed that are the subject of
such contest; and 
 (g) any liens or security interests created by Law or reserved in leases, rights-of-way or other real
property interests for rental or for compliance with the terms of such leases, rights-of-way or other real property interests, provided payment of the debt secured is not delinquent or, if delinquent, is being contested in good faith in the Ordinary
Course of Business with any action to foreclose or attach any of the Purchased Assets on account thereof properly stayed; provided that the Seller shall be responsible for, and shall promptly pay when due, all amounts finally determined to be owed
that are the subject of such contest. 

  

					
		  	 Schedule 1.1
  

Page 10
	  	Highly Confidential

 “Person” means any individual, corporation (including any nonprofit corporation), general
or limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor union, or other entity or Governmental Authority. 
 “Petroleum Inspection Company” has the meaning set forth on Schedule 2.6.3.2. 
 “Pipeline Throughput and Deficiency Agreement” means the Pipeline Throughput and Deficiency Agreement by and between Sunoco Pipeline L.P. and the Seller, dated Sept. 30, 2010 and
effective as of October 1, 2010. 
 “Port Authority” has the meaning set forth in Section 5.7. 

“Post-Closing Statement” has the meaning set forth in Section 2.6.3.4(a). 
 “Prepayments” has the meaning set forth in Section 2.1.10. 

“Promissory Note” has the meaning set forth in Section 2.6.1. 
 “Prudent Businessperson Standard” means the standard of a prudent businessperson, who would be fully responsible (without the benefit of the remedies against the Seller as contemplated in
this Agreement) for the consequences of his decisions. 
 “Purchase Price” has the meaning set forth in Section 2.6.1.

 “Purchased Assets” has the meaning set forth in Section 2.1. 
 “Real Property Leases” has the meaning set forth in Section 2.1.2. 

“Refinery” has the meaning set forth in 40 C.F.R. § 80.2. 
 “Refinery Expert” means a Person experienced in petroleum, commercial or refinery operations matters mutually selected by the Parties. 

“Release” shall have the meaning set forth in Environmental Laws, including the Comprehensive Environmental Response, Compensation, and
Liability Act, as amended, at 42 U.S.C. § 9601(22) and any analogous state Laws, but does not include migration or movement of Hazardous Substances already present in the environment. 
 “Remedial Work” means action of any kind to respond to a Release or the presence of Hazardous Substances at, on, in, upon, over, across, under, within or migrating from the real property
included in the Purchased Assets, including all investigative, site monitoring, restoration, abatement, detoxification, containment, handling, treatment, removal, storage, decontamination, clean-up, transport, disposal or other ameliorative work,
corrective action or response action required by (a) any Environmental Law, (b) any lawful order or enforceable request of any federal, state or local agency, or (c) any final judgment, consent decree, settlement or compromise with
respect to any Environmental Law, excluding, however, (i) the obtaining, amendment, renewal or maintenance of any Environmental Permits, including permits for any “grandfathered” units, except for Environmental Permits required to
implement and complete Remedial Work, and (ii) monetary fines and penalties for violations of Environmental Laws. 
 “Repair
Costs” has the meaning set forth in Section 6.13.2.1. 
 “Repair Costs Dispute” has the meaning set forth in
Section 6.13.2.3. 

  

					
		  	 Schedule 1.1
  

Page 11
	  	Highly Confidential

 “Repair Negotiation Period” has the meaning set forth in Section 6.13.2.2. 

“Representative” means, with respect to any Party, such Party and its Affiliates and their directors, officers, agents, consultants,
partners, members, managers, employees and advisors (including such Party’s accountants, counsel, environmental consultants, financial advisors, investment bankers and other authorized representatives). 

“Response Period” has the meaning set forth in Section 8.7. 
 “Retained Employees” has the meaning set forth in Exhibit 6.5. 

“Retained Litigation” has the meaning set forth in Section 2.4.8. 
 “Retained Inventory” has the meaning set forth in Section 2.2.8. 

“Schedule” means any of the disclosure schedules delivered by Seller to the Buyer concurrently with the execution of this Agreement by
the Parties, as subsequently supplemented or amended in accordance with Section 5.6. 
 “Security Documents” means a
Security Agreement, substantially in the form attached hereto as Exhibit L, the Mortgage Agreement, substantially in the form attached hereto as Exhibit M, a Guaranty, substantially in the form attached hereto as Exhibit N, and
such UCC and fixture filings as are reasonably satisfactory to Seller, in its sole discretion 
 “Seller” has the meaning set
forth in the preface. 
 “Seller Indemnified Party” has the meaning set forth in Section 8.3. 

“Seller Names and Marks” has the meaning set forth in Section 6.4. 
 “Seller Parent” means Sunoco, Inc. 
 “Seller Parent Guaranty”
means the Seller Guaranty in the form attached hereto as Exhibit O. 
 “Seller Pension Plan” has the meaning set
forth in Exhibit 6.5. 
 “Seller Plans” has the meaning set forth in Section 4.1.11.1. 

“Seller Savings Plan” has the meaning set forth in Exhibit 6.5. 
 “Shared Spares” has the meaning set forth in Section 6.15. 

“Sharing Period” has the meaning set forth in Section 6.15. 
 “SRU Consent Order Obligations” has the meaning set forth in Section 6.9.1.2 

“Straddle Period” has the meaning set forth in Section 10.2. 
 “Substitute Arrangements” has the meaning set forth in Section 2.5(b). 

“Subzone Application” has the meaning set forth in Section 5.7. 

  

					
		  	 Schedule 1.1
  

Page 12
	  	Highly Confidential

 “Successorship Letter” has the meaning set forth in Exhibit 6.5. 

“SXL” means Sunoco Logistics Partners L.P., Sunoco Partners LLC, and/or any one or all of their Affiliates. 

“Taking” has the meaning set forth in Section 6.13.1. 
 “Tax” or “Taxes” means all taxes, fees, duties and other assessments, however denominated, including any interest, penalties, or additions to tax that may become payable
in respect thereof, imposed by any Taxing Authority, which taxes shall include any license or registration fees and all income, franchise, sales, use, excise, motor fuel, petroleum, environmental, gross receipts, occupation, stamp, import, export,
real and personal property, transfer, workers’ compensation, payroll and wage withholding, unemployment insurance, Medicare, disability and Social Security taxes and any adjustment made by any Taxing Authority to a Tax Return. 

“Taxing Authority” means any federal, state, or local government or any agency or political subdivision thereof in the United States or
corresponding governmental unit in any foreign country responsible for the imposition of Taxes. 
 “Tax Proceeding” has
the meaning set forth in Section 10.5. 
 “Tax Return” means all reports, estimates, information statements and returns
relating to, or required to be filed in connection with, any Taxes pursuant to the statutes, rules and regulations of any Taxing Authority. 

“Termination Date” has the meaning set forth in Section 9.1.2. 
 “Third Parties” means a Person which is not (a) the Seller or an Affiliate of the Seller, (b) the Buyer or an Affiliate of the Buyer, or (c) a Person that after the signing
of this Agreement becomes a successor entity of the Seller, the Buyer or any of their respective Affiliates. An employee of the Seller or the Buyer shall not be deemed an Affiliate. 
 “Third Party Claim” has the meaning set forth in Section 8.6.1. 

“Third Party Environmental Claims” has the meaning set forth in Section 2.4.4.2. 

“Third Party Estimate” has the meaning set forth in Section 6.13.2.3. 
 “Threshold Amount” has the meaning set forth in Section 8.4.2. 

“Title Commitments” has the meaning set forth in Section 6.15. 
 “Title Policy” has the meaning set forth in Section 6.15. 
 “Title V
Permit” has the meaning set forth in Section 6.9.4. 
 “Toledo Global CAA Consent Decree Obligations” has the
meaning set forth in Section 6.9.1.1. 
 “Toledo Refinery” means the portion of the Purchased Assets that constitute a
“Refinery” under 40 C.F.R. § 80.2. 

  

					
		  	 Schedule 1.1
  

Page 13
	  	Highly Confidential

 “Transfer Taxes” means any and all transfer Taxes (excluding Taxes measured in whole or in
part by net income), including sales, use, excise, goods and services, stock, conveyance, gross receipts, registration, business and occupation, securities transactions, real estate, land transfer, stamp, deed, documentary, notarial, filing, Ohio
recordation tax or other recording tax, county real property transfer tax, permit, license, authorization and similar Taxes, fees, duties, levies, customs, tariffs, imposts, assessments, obligations and charges. 

“Union” has the meaning set forth in Exhibit 6.5. 
 “Voluntary Actions” has the meaning set forth in Section 2.3.6.5. 

“WARN Act” has the meaning set forth in Section 6.8. 
 Section 1.2 Interpretations. Unless expressly provided for elsewhere in this Agreement, this Agreement shall be interpreted in accordance with the following provisions: 

1. Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine,
feminine, or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. 
 2. If a word or phrase is defined, its other grammatical forms have a corresponding meaning. 
 3. A reference to a Person, corporation, trust, estate, partnership, or other entity includes any of them. 
 4. The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 

5. All references in this Agreement to articles, sections or subdivisions thereof shall refer to the corresponding
article, section or subdivision thereof of this Agreement unless specific reference is made to such articles, sections, or subdivisions of another document or instrument. 

6. A reference to any agreement or document (including a reference to this Agreement) is to the agreement or document as
amended, varied, supplemented, novated or replaced, except to the extent prohibited by this Agreement or that other agreement or document. 
 7. No waiver by any Party of any default by any other Party in the performance of any provision, condition or requirement herein shall be deemed to be a waiver of, or in any manner release such other
Party from, performance of any other provision, condition or requirement herein, nor shall such waiver be deemed to be a waiver of, or in any manner a release of, such other Party from future performance of the same provision, condition or
requirement. Any delay or omission of any Party to exercise any right hereunder shall not impair the exercise of any such right, or any like right, accruing to it thereafter. The failure of any Party to perform its obligations hereunder shall not
release any other Party from the performance of its obligations. 
 8. A reference to any Party to this Agreement
or another agreement or document includes the Party’s successors and assigns. 

  

					
		  	 Schedule 1.1
  

Page 14
	  	Highly Confidential

 9. A reference to legislation or to a provision of legislation includes a
modification or reenactment of it, a legislative provision substituted for it and a regulation or statutory instrument issued under it. 
 10. A reference to a writing includes a facsimile transmission of it and any means of reproducing its words in a tangible and permanently visible form. 

11. The words “hereof,” “herein” and “hereunder” and words of similar import when used in
this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and article, section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

12. The words “including,” “include,” “includes” and all variations thereof shall mean
“including without limitation.” 
 13. The word “or” shall have the inclusive meaning
represented by the phrase “and/or.” 
 14. The phrase “and/or” when used in a conjunctive
phrase shall mean any one or more of the Persons specified in or the existence or occurrence of any one or more of the events, conditions or circumstances set forth in that phrase; provided, however, that when used to describe the obligation of one
or more Persons to do any act, it shall mean that the obligation is the obligation of each of the Persons but that it may be satisfied by performance by any one or more of them. 

15. “Shall” and “will” have equal force and effect. 

16. The Exhibits and Schedules to this Agreement are incorporated and made a part of this Agreement as if set forth in
full in this Agreement and are an integral part of this Agreement. Unless otherwise expressly indicated, any reference in this Agreement to an “Exhibit” or a “Schedule” refers to an Exhibit or Schedule to this Agreement.
Capitalized terms used but not otherwise defined in a Schedule or Exhibit have the meanings set forth in this Agreement. 
 17. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or 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 of the provisions of this Agreement. 

18. Unless otherwise specified, all references to a specific time of day in this Agreement shall be based upon Eastern
Standard Time or Eastern Daylight Savings Time, as applicable, on the date in question in New York, New York. 

19. References to “$” or to “dollars” shall mean the lawful currency of the United States of America.

 20. No action shall be required of the Parties except on a Business Day, and in the event an action is
required on a day which is not a Business Day, such action shall be required to be performed on the next succeeding day which is a Business Day. All references to “day” or “days” shall mean calendar days unless specified as a
“Business Day.” 

  

					
		  	 Schedule 1.1
  

Page 15
	  	Highly Confidential

 EXECUTION COPY 

FIRST AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT 
 This FIRST AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT (this “First Amendment”), dated as of January 18, 2011, is made and entered into by and between TOLEDO REFINING COMPANY LLC,
a Delaware limited liability company (“Buyer”), and SUNOCO, INC. (R&M), a Pennsylvania corporation (“Seller”). Capitalized terms used herein will have the same meaning as defined in the Agreement unless otherwise specified
herein. 
 R E C I T A L S: 
 A. Seller and Buyer are parties to that certain Asset Sale and Purchase Agreement (the “Agreement”), dated as of December 2, 2010; and 

B. Seller and Buyer desire to amend the Agreement pursuant to the terms and conditions of this First Amendment. 

NOW THEREFORE, in consideration of the covenants and agreements hereunder and other good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows: 
 1. The Agreement is hereby amended as
follows: 
 (a) A new Exhibit A-1 of the Agreement in the form attached hereto as Annex 1 is hereby
inserted in the Agreement immediately after Exhibit A. 
 (b) A new Exhibit L-l of the Agreement in
the form attached hereto as Annex 2 is hereby inserted in the Agreement immediately after Exhibit L. 
 (c) Exhibit N of the Agreement is hereby amended and restated in its entirety in the form attached hereto as Annex 3. 

(d) The second sentence of Section 2.6.1 of the Agreement is hereby amended and restated in its entirety to read as
follows: 
 “At the Closing, the Buyer shall (a) pay to the Seller an amount equal to $200,000,000 plus or minus, as
the case may be, an amount equal to the Closing Date Proration Adjustment, as determined in accordance with Section 2.6.3.3(a) (collectively, the “Closing Payment”), and (b) deliver to the Seller (i) a Promissory Note in the
amount of $200,000,000 and in the form attached hereto as Exhibit A (the “Promissory Note”) and (ii) a Promissory Note in an amount equal to the Estimated Hydrocarbon Inventory Value associated with the products and
intermediates inventory covered by Schedule 2.6.3.2, as determined in accordance with Section 2.6.3.3(b) and in the form attached hereto as Exhibit A-l (the “Products and Intermediates Inventory Note” and together
with the Promissory Note, collectively, the “Promissory Notes”).” 

 (e) The last sentence of Section 2.6.1 of the Agreement is hereby
amended and restated in its entirety to read as follows: 
 “Except for any payments under the Promissory Notes, all
post-Closing payments under Section 2.6.3, whether payable by the Buyer or the Seller, shall include an amount for interest from the Closing Date to, but excluding, the date of payment at a rate of 4% per annum on the net amount of
adjustments as provided in Section 2.6.3.” 
 (f) The last sentence of Section 2.6.3.4(b) of the
Agreement is hereby amended and restated in its entirety to read as follows: 
 “Such interest shall be payable at the same
time as the payments to which it relates and shall (i) be calculated on the basis of a year of three hundred sixty-five (365) days and the actual number of days for which it is due and (ii) be in addition to, and in no way limit, the
interest payable pursuant to the Promissory Notes.” 
 (g) The term “Security Documents” in
Section 1.1 of Schedule 1.1 is hereby amended and restated in its entirety to read as follows: 

““Security Documents” means a Security Agreement, substantially in the form attached hereto as Exhibit L, a
Security Agreement, substantially in the form attached hereto as Exhibit L-l, the Mortgage Agreement, substantially in the form attached hereto as Exhibit M, a Guaranty, substantially in the form attached hereto as Exhibit N,
and such UCC and fixture filings as are reasonably satisfactory to Seller, in its sole discretion.” 

(h) The term “Products and Intermediates Inventory Note” is hereby inserted into Section 1.1 of Schedule
1.1 immediately after the term “Prepayments” to read as follows: 
 ““Products and Intermediates
Inventory Note” has the meaning set forth in Section 2.6.1.” 
 (i) The term
“Promissory Notes” is hereby inserted into Section 1.1 of Schedule 1.1 immediately after the term “Promissory Note” to read as follows: 
 ““Promissory Notes” has the meaning set forth in Section 2.6.1.” 

  
 2 

 (j) The second, third and fourth sentences of Section 6.5.2 of
Exhibit 6.5 to the Agreement are hereby amended and restated in their entirety to read as follows: 
 “At least one
(1) week prior to the Closing Date, based on the then existing Schedule 6.5.1 the Buyer shall make offers of employment, effective as of the Closing Date and contingent upon the occurrence of the Closing, at a base salary or base wage which is
at least equal to that provided by the Seller immediately prior to the Closing Date (unless otherwise mutually agreed as to specific Current Employees) to 1) all represented Current Employees in accordance with applicable Successorship Letter and 2)
all non represented hourly and salaried Current Employees it selects to fill all salaried positions Buyer reasonably determines are necessary to operate the Purchased Assets safely and efficiently. The Buyer will give each Current Employee no less
than three (3) days in which to accept or reject the Buyer’s employment offer. The Buyer will provide the Seller with Schedule 6.5.2 at least one (1) Business Day prior to the Closing Date, which shall contain as of that date the
names of the Current Employees the Buyer made offers of employment to, the rate of pay the Buyer offered, and whether the Current Employee accepted the offer.” 
 2. The Agreement, as amended by this First Amendment, embodies the entire agreement and understanding of the Parties in respect of the subject matter addressed in this Amendment. 

3. Except as expressly provided herein, (i) nothing in this First Amendment shall be deemed to be a waiver or modification of any
other term, covenant or condition of the Agreement, and (ii) all terms and provisions of the Agreement remain in full force and effect as originally entered into. 
 4. Seller and Buyer acknowledge that all references to the “Agreement” in the Agreement and in any related agreements or documents shall refer to the Agreement as amended by this First
Amendment. 
 5. This First Amendment may be executed simultaneously in counterparts (by facsimile, PDF or otherwise), each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 [Signature Page
Follows] 

  
 3 

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

			
	SELLER:
	
	 SUNOCO, INC. (R&M), a Pennsylvania
 corporation

		
	By: 	 	 

	Name:	 	 Brian MacDonald

	Title:	 	 SVP and CFO

	
	BUYER:
	
	 TOLEDO REFINING COMPANY LLC, a
 Delaware limited liability company

		
	By:	 	 

	Name:	 	 Jeffrey Dill

	Title:	 	 Secretary

  
 [Signature
Page to First Amendment –Asset Sale and Purchase Agreement] 

 Annex 1 
 [See Attached] 

 EXHIBIT A-1 
 PRODUCTS AND INTERMEDIATES INVENTORY PROMISSORY NOTE 
  

			
	$            	  	February 1, 2011

 FOR VALUE RECEIVED, TOLEDO REFINING COMPANY LLC, a Delaware limited liability company
(“Buyer”), hereby promises to pay to the order of SUNOCO, INC. (R&M), a Pennsylvania corporation (“Seller”), without setoff or counterclaim, by wire transfer to such account as Seller may from time to time
designate, in writing, the principal sum of          Dollars ($        ), payable on May 2, 2011 or upon earlier acceleration pursuant to the terms of this Note (in
either case, the “Maturity Date”). 
 1. Reference to Purchase Agreement. This Note is issued pursuant
to Section 2.6.1 of the Purchase Agreement, the terms of which are hereby incorporated into this Note. 
 2. Certain
Definitions. 
 “Bankruptcy Default” shall have the meaning set forth in Section 9(f) of this Note.

 “Business Day” means any day other than a Saturday, Sunday, or other day on which commercial banks in New
York, New York are authorized by law to close. 
 “Buyer” shall have the meaning set forth in the first
paragraph of this Note. 
 “Capital Lease” of a person means any lease of property by such person as lessee
which would be capitalized on a balance sheet of such person prepared in accordance with GAAP. 
 “Capital Lease
Obligations” of a person means the obligations of such person under Capital Leases which would be shown as a liability on a balance sheet of such person prepared in accordance with GAAP. 

“Change of Control” means the occurrence of any of the following: (a) the sale, exchange, lease or transfer (in one
transaction or a series of related transactions) of all or substantially all of the assets of Buyer (except to the extent expressly permitted in the Security Agreement executed by Buyer in favor of Seller on the date hereof as security for
Buyer’s $200,000,000 promissory note executed in favor of Seller on the date hereof), (b) the sale, exchange, lease or transfer (in one transaction or a series of related transactions) of all or substantially all of the equity interests of
Buyer, (c) the merger or consolidation or Buyer or Parent, respectively, into or with another entity, if Buyer or Parent, respectively, will not be the surviving entity and the transaction will result in less than 51% of the outstanding voting
securities of the surviving or resulting entity being owned, directly or indirectly, by the former equity holders of Buyer or Parent, respectively, or (d) a public bond offering by Parent resulting in net cash proceeds to Parent of $500,000,000
or greater. Notwithstanding anything to the contrary contained in the foregoing, a public offering of equity interests by Parent shall not constitute a Change of Control. 

 “Code” means the Uniform Commercial Code as in effect from time to time in
the State of New York. 
 “Dollar” and “$” mean lawful money of the United States. 

“GAAP” means generally accepted accounting principles in the United States of America, as in effect on the date hereof.

 “Governmental Authority” means the United States and any state, county, city or other political subdivision,
agency, court or instrumentality. 
 “Guarantee” of or by any person (the “guarantor”) means any
obligation, contingent or otherwise, of the guarantor guaranteeing any Indebtedness of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or
indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness of the
payment thereof, (c) to maintain working capital or equity capital of the primary obligor so as to enable the primary obligor to pay such Indebtedness or (d) as an account party in respect of any letter of credit or letter of guaranty
issued to support such Indebtedness; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 
 “Guarantee Agreement” means that certain Guarantee Agreement dated as of the date hereof and executed by Parent in favor of Seller. 

“Indebtedness” of any person means, without duplication, (a) all obligations of such person for borrowed money,
(b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person upon which interest charges are customarily paid, (d) all obligations of such person under conditional
sale or other title retention agreements relating to property acquired by such person, (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right to be secured by) any Lien on property owned or
acquired by such person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such person of Indebtedness of others, (g) all Capital Lease Obligations of such person, (h) all obligations of such
person as an account party in respect of letters of credit and letters of guaranty which relate to Indebtedness of others, and (i) all obligations, contingent or otherwise, of such person in respect of bankers’ acceptances; provided, that,
for avoidance of doubt, the term “Indebtedness” shall not include Swap Obligations, trade payables or accounts payable incurred in the ordinary course of business. 
 “Laws” means any law, statute, code, regulation, rule, injunction, judgment, ordinance, order, or decree of any applicable Governmental Authority. 

“LIBOR Rate” means the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”) as
published by Bloomberg (or such other commercially available source providing quotations of BBA LIBOR as may be designed by Seller from time to time) at approximately 11:00 a.m., London time, two London Banking Days prior to the date of this Note,
for Dollar deposits (for delivery on the date of this Note) with a term of three months. 

 “Lien” means, with respect to any asset, (a) any mortgage, deed of
trust, lien, pledge, hypothecation, encumbrance or security interest in, on or of such asset, and (b) the interest of a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having
substantially the same economic effect as any of the foregoing) relating to such asset. 
 “London Banking Day”
means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank Eurodollar market. 
 “Material Adverse Change” means (i) material adverse change in, or a material adverse effect upon, the financial condition, operations, assets, business, or properties of the Buyer,
(ii) a material impairment of the ability of the Buyer to perform any of its obligations under any Transaction Document, this Note, or the Security Agreement or (c) a material adverse effect upon any substantial portion of the Collateral
or upon the legality, validity, binding effect or enforceability against the Buyer of the Transaction Documents, this Note, or the Security Agreement. 
 “Material Indebtedness” means Indebtedness (other than the obligations under this Note) of the Buyer in an aggregate principal amount exceeding $10,000,000. 

“Maturity Date” shall have the meaning set forth in the first paragraph of this Note. 

“Note” means this Promissory Note. 
 “Off-Take Agreement” means the Off-Take Agreement dated as of the date hereof by and between Buyer and Seller. 
 “Parent” means PBF Holding Company LLC, a Delaware limited liability company. 
 “Products and Intermediates Inventory” shall have the meaning set forth in the Security Agreement. 
 “Purchase Agreement” means that certain Asset Sale and Purchase Agreement dated as of December 2, 2010 by and between Buyer and Seller, as amended. 

“Security Agreement” means that certain Security Agreement dated as of the date hereof and executed by Buyer in favor of
Seller with respect to Seller’s Products and Intermediates Inventory, as it may be amended from time to time. 

“Seller” shall have the meaning set forth in the first paragraph of this Note. 

“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or
similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or
any similar transaction or any combination of these transactions. 

 “Swap Obligations” means any and all obligations of Buyer or any
subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefore), under any Swap Agreement or any cancellation,
buy back, reversal, termination or assignment of any Swap Agreement transaction. 
 “Transaction Documents”
means the Purchase Agreement, the Off-Take Agreement, the Transition Services Agreement (as defined in the Purchase Agreement), the Bill of Sale (as defined in the Purchase Agreement), the Assignment and Assumption Agreement (as defined in the
Purchase Agreement), the Agency Agreement (as defined in the Purchase Agreement), and the Guarantee Agreement, as each of the same may be amended, restated, supplemented or otherwise modified from time to time. 

3. Interest. The unpaid principal balance hereof shall bear interest, payable in arrears on the Maturity Date, computed at a rate
equal to the lower of (a) the LIBOR Rate plus 5.50% per annum and (b) 7.50% per annum; provided, however, that if the LIBOR Rate is not available at such time for any reason, the unpaid principal balance hereof shall bear interest at
a rate equal to 7.50% per annum. Interest shall be calculated for the actual number of days elapsed, using a daily rate determined by dividing the annual rate by 360. All principal, interest and other amounts which are due but unpaid hereunder
shall bear interest, upon the written demand of the Seller (which demand, regardless of when delivered, may relate back to the date on which such amounts became due) and payable at the written demand of the Seller, computed at a rate equal to
2% per annum plus the rate otherwise payable hereunder (the “Default Rate”). Notwithstanding the foregoing, the Default Rate shall automatically apply in the event of an acceleration of the amounts owing under the Note as a
result of an Event of Default pursuant to Section 9(h). All amounts payable on this Note shall be payable in lawful money of the United States of America. 
 4. Prepayment. This Note may be prepaid in full or in part at any time without premium or penalty. All prepayments shall be applied first to accrued interest and then to principal. 

5. Security Interest. This Note is secured by the Security Agreement and all other existing and future security agreements between
Buyer and Seller and between Seller and any other person providing collateral security for Buyer’s obligations which, in each case, specifically reference this Note. 
 6. Rights of Holder. Without affecting the liability of Buyer, Parent or any other guarantor, Seller may, from time to time and without notice, renew or extend the time for payment, accept partial
payments, release or impair any collateral security for payment of this Note, or agree not to sue any party liable on it. 
 7.
Representations and Warranties. The Buyer represents and warrants to the Seller that as of the date hereof: 
 (a) Organization of the Buyer. The Buyer is a limited liability company duly formed and validly existing under the laws of the jurisdiction of its formation. 

 (b) Authorization of the Buyer. The Buyer has full limited liability
company power and authority to execute and deliver this Note and to perform its obligations hereunder. This Note constitutes the valid and legally binding obligation of the Buyer, enforceable in accordance with its terms and conditions, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors’ rights generally and by legal and equitable limitations on the availability of
specific remedies. The Buyer need not give any notice to, make any filing with, or obtain any authorization, consent, or approval of any Governmental Authority in order to consummate the transactions contemplated by this Note. 

(c) Noncontravention. Neither the execution and delivery of this Note, nor the consummation of the transactions
contemplated under this Note, by the Buyer will violate any Law to which the Buyer is subject, any licenses or permits of the Buyer or any provision of the certificate of formation and limited liability company agreement of the Buyer and any
amendments thereto or conflict with, result in a breach of, constitute a default or an event of default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or trigger any rights to payment
or other compensation, or require any notice, approval or consent under any agreement, contract, lease, license, instrument, or other arrangement to which the Buyer is a party or by which it is bound, in each case, to the extent that it could
reasonably be expected to result in a Material Adverse Change. 
 8. Agency Agreement. 

(a) Seller shall be Buyer’s exclusive provider of Agency Services (as defined in the Agency Agreement); and

 (b) Buyer shall not, except as expressly permitted by the Agency Agreement, terminate the Agency Agreement.

 9. Default. If any one or more of the following conditions or events (each an “Event of Default”)
shall occur: 
 (a) Default in Payment of Note: If Buyer shall default in the payment of any principal,
interest or other amount due under the terms of this Note and such failure to pay shall continue for more than three (3) business days after such due date; or 

(b) Representations and Warranties. If any representation or warranty made under or in connection with this Note or
the Security Agreement shall prove to have been false or misleading in any material respect when made; or 
 (c)
Covenant Compliance. If Buyer shall fail to comply with Section 8 hereof; or 
 (d) Material
Adverse Change: If a Material Adverse Change shall occur; or 
 (e) Change of Control: If a Change of
Control shall occur; or 

 (f) Other Agreements: If a default by the Buyer or Parent occurs
under any of the Transaction Documents or the Security Agreement, which shall include, without limitation, the renunciation by Parent of any of its obligations under the Guarantee Agreement; or 

(g) Material Indebtedness: Either (i) Buyer shall fail to make any payment (whether of principal or interest)
in respect of any Material Indebtedness, when and as the same shall become due and payable after giving effect to any applicable grace period; or (ii) any other event or condition occurs that results in any Material Indebtedness becoming due
prior to its scheduled maturity or that results in the holder or holders of such Material Indebtedness or any trustee or agent on its or their behalf requiring the prepayment, repurchase, redemption or defeasance of such Material Indebtedness prior
to its stated maturity; or 
 (h) Bankruptcy; Insolvency; Involuntary or Voluntary Liquidation or
Dissolution: If Buyer or Parent (I) shall make an assignment for the benefit of creditors, or (2) shall admit in writing its inability to pay a major part of its debts as they become due, or (3) shall become the subject of any
insolvency, bankruptcy, receivership, or dissolution proceeding and, if such proceeding is instituted against it, shall have been consented to or acquiesced in by it, or shall remain un-dismissed for 60 days, or an order for relief shall have been
entered against it (any event under this clause (e) being a (“Bankruptcy Default”)); 
 Then Seller may at any time,
(x) at the option of Seller, by written notice given to Buyer, declare this Note to be, and this Note shall thereupon become, due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, and Buyer forthwith will pay to Seller (i) the whole of the principal balance of this Note (then outstanding), (ii) all interest owed, (iii) all other sums, as provided in this Note and (iv) all reasonable costs
incurred by Seller in connection with this Note or any renewal, extension, or change of or substitution for this Note or any part thereof, whether made or incurred at the request of Buyer or Seller and including all costs of enforcement, including
reasonable attorneys’ fees and (y) exercise any and all rights of a secured party upon default under the Code. Notwithstanding the foregoing, in the event of a Bankruptcy Default all sums referred to in (i) through (iv) above
shall automatically mature and become immediately payable by Buyer. Seller’s receipt of any payment after the occurrence of an Event of Default shall not constitute a waiver of such default or any of Seller’s rights and remedies, unless
the Seller agrees in writing to such waiver. 
 10. Assignment. This Note is assignable by Seller with the prior written
consent of Buyer, not to be unreasonably withheld or delayed. Buyer may not assign or otherwise transfer any of its rights or obligations hereunder or under the Security Agreement without Seller’s prior written consent. 

11. Waivers: Costs of Collection. Buyer, Parent and any other indorsers, sureties or guarantors waive presentment, demand (except
as specified in this Note), notice of dishonor and protest, and agree to pay all costs of collection, before and after judgment, including reasonable attorneys’ fees and legal expenses. 

 This Note is governed by the internal laws of the State of New York. 

 

			
	TOLEDO REFINING COMPANY LLC
		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

 Annex 2 
 [See Attached] 

 EXHIBIT L-l 

SECURITY AGREEMENT 
 SECURITY AGREEMENT (this “Agreement”), dated as of                     , 2011, between
TOLEDO REFINING COMPANY LLC, a Delaware limited liability company (“Debtor”), and SUNOCO, INC. (R&M), a corporation organized under the laws of the Commonwealth of Pennsylvania (“Secured Party”). 

WHEREAS, Debtor and Secured Party are party to that certain Asset Sale and Purchase Agreement dated as of the date hereof (the
“Purchase Agreement”) by and between Debtor, as Buyer and Secured Party, as Seller; and 
 WHEREAS, the
Purchase Agreement provides for Secured Party to provide financing for the purchase of the Products and Intermediates Inventory (as defined below), to be evidenced by a promissory note (the “Products and Intermediates Inventory
Note”), to be executed by Debtor and delivered to Secured Party; and 
 WHEREAS, as a condition to entering into the
Purchase Agreement and providing such inventory financing under the Products and Intermediates Inventory Note, Secured Party has required that Debtor execute and deliver to Secured Party this Agreement; and 

WHEREAS, Debtor wishes to grant a security interest in favor of Secured Party as herein provided; 

NOW, THEREFORE, in consideration of the promises contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. All capitalized
terms used herein without definitions shall have the respective meanings provided therefor in the Purchase Agreement or the Products and Intermediates Inventory Note. The term “State,” as used herein, means the State of New York.
All terms defined in the Uniform Commercial Code of the State and used herein shall have the same definitions herein as specified therein. However, if a term is defined in Article 9 of the Uniform Commercial Code of the State differently than in
another Article of the Uniform Commercial Code of the State, the term has the meaning specified in Article 9. The term “Obligations,” as used herein, means all of the indebtedness, obligations and liabilities of Debtor to Secured
Party, solely arising under the Products and Intermediates Inventory Note or this Agreement, whether direct or indirect, joint or several, absolute or contingent, due or to become due, or now existing or hereafter arising. 

2. Grant of Security Interest. Debtor hereby grants to Secured Party, to secure the payment and performance in full of all of the
Obligations, a security interest in the following properties, assets and rights of Debtor, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof, being hereinafter called the
“Collateral”): 
  

	 	(a)	The following products (collectively, the “Products”): (i) all 83.5CBOB gasoline, 87C gasoline, 91.3CBOB gasoline, and all other gasoline,
(ii) all JET A distillate, ULSD distillate, and all other distillate, (iii) all benzene, toluene, xylene, nonene, tetramer, and all other chemicals, (iv) all propane; and (v) all clarified surry oil (HARF);

	 	(b)	The following intermediates (collectively, the “Intermediates”, and, together with the Products, the “Products and Intermediates
Inventory”): (i) all n-Butane, i-Butane, BB, and all other butanes, (ii) all alkylate, reformate, light straight run/light naphtha, heavy naphtha/raffinate, cat gasoline, ethanol-denatured, and all other gasoline components,
(iii) all undesulfurized distillate, unfinished jet, hydrocracker feed, and all other distillate components, (iv) all propylene, (v) all pp mix, (vi) all cat feed, (vii) all transmix, and (viii) all slop; and

  

	 	(c)	All additions and accessions to, all proceeds, products, offspring and profits of, and all rights and privileges incident to, the Products and Intermediates Inventory.

 Notwithstanding anything to the contrary contained in the foregoing or otherwise in this Agreement, the term
“Collateral” as used in this Agreement shall not include any item of property that is not included in the definition of “Hydocarbon Inventory” as such term is defined in the Security Agreement dated as of the date hereof (as the
same may be amended or otherwise modified from time to time), between the Debtor and the Secured Party, in connection with the promissory note in the original principal amount of $200,000,000 made by the Debtor and payable to the Secured Party.

 3. Authorization to File Financing Statements. Debtor hereby authorizes Secured Party at any time and from time to
time to file in any filing office in any Uniform Commercial Code jurisdiction that the Secured Party deems necessary or desirable to perfect the Secured Party’s security interest in the Collateral, any initial financing statements and
amendments thereto that (a) describe the Collateral, and (b) provide any other information required by part 5 of Article 9 of the Uniform Commercial Code of the State, or such other jurisdiction, for the sufficiency or filing office
acceptance of any financing statement or amendment, including whether Debtor is an organization, the type of organization and any organizational identification number issued to Debtor. 

4. Other Actions. To further the attachment, perfection and first priority of (subject to Permitted Liens, as defined in
Section 7 of this Agreement), and the ability of Secured Party to enforce, Secured Party’s security interest in the Collateral, and without limitation on Debtor’s other obligations in this Agreement, Debtor agrees, in each case at
Debtor’s expense, to take the following actions with respect to the following Collateral: 
 4.1. Collateral in the
Possession of a Bailee. If any Collateral with an aggregate value in excess of $1,000,000 is at any time in the possession of a bailee, Debtor shall promptly notify Secured Party thereof and, at Secured Party’s request and option, shall
promptly use commercially reasonable efforts to obtain an acknowledgement from the bailee, in form and substance reasonably satisfactory to Secured Party, that the bailee holds such Collateral for the benefit of Secured Party, and that such bailee
agrees to comply, without further consent of Debtor, with instructions from Secured Party as to such Collateral. Secured Party agrees with Debtor that Secured Party shall not give any such instructions unless an Event of Default has occurred and is
continuing. 

  
 2 

 4.2. Other Actions as to Any and All Collateral. Debtor further agrees, at the
request and option of Secured Party, to take any and all other actions Secured Party may determine to be necessary or useful for the attachment, perfection and first priority of (subject to Permitted Liens), and the ability of Secured Party to
enforce, Secured Party’s security interest in any and all of the Collateral, including, without limitation, (a) executing, delivering and, where appropriate, filing financing statements and amendments relating thereto under the Uniform
Commercial Code, to the extent, if any, that Debtor’s signature thereon is required therefor, (b) if an Event of Default exists, at the written request of Secured Party, causing Secured Party’s name to be noted as secured party on any
certificate of title for a titled good if such notation is a condition to attachment, perfection or priority of, or ability of Secured Party to enforce, Secured Party’s security interest in such Collateral, (c) complying with any provision
of any statute, regulation or treaty of the United States as to any Collateral if compliance with such provision is a condition to attachment, perfection or priority of, or ability of the Secured Party to enforce, Secured Party’s security
interest in such Collateral, (d) using commercially reasonably efforts to obtain third party waivers, consents and approvals in form and substance reasonably satisfactory to Secured Party, including, without limitation, any consent of any
licensor, lessor or other person obligated on Collateral, (e) using commercially reasonably efforts to obtain waivers from mortgagees and landlords in form and substance reasonably satisfactory to Secured Party and (f) taking all actions under
any earlier versions of the Uniform Commercial Code or under any other law, as reasonably determined by Secured Party to be applicable in any relevant Uniform Commercial Code or other jurisdiction in the United States. 

5. Representations and Warranties Concerning Debtor’s Legal Status. Debtor has delivered to Secured Party on the date hereof
a certificate signed by Debtor and entitled “Perfection Certificate” (the “Perfection Certificate”). Debtor represents and warrants to Secured Party as follows: (a) Debtor’s exact legal name is that indicated on
the Perfection Certificate and on the signature page hereof, (b) Debtor is an organization of the type, and is organized in the jurisdiction set forth in the Perfection Certificate, (c) the Perfection Certificate accurately sets forth
Debtor’s organizational identification number, (d) the Perfection Certificate accurately sets forth Debtor’s place of business or, if more than one, its chief executive office, as well as Debtor’s mailing address, if different,
(e) all other information set forth on the Perfection Certificate pertaining to Debtor or the Collateral is accurate and complete in all material respects, and (f) that there has been no change in any information provided in the Perfection
Certificate with respect to the Debtor or the Collateral since the date on which it was executed by Debtor, unless such change is permitted by the terms of this Agreement and the Debtor has notified the Secured Party of such change in writing, or
the Secured Party otherwise consents in writing to such change. 
 6. Covenants Concerning Debtor’s Legal Status.
Debtor covenants with Secured Party as follows: (a) without providing at least 10 days prior written notice to Secured Party, Debtor will not change its name, its principal place of business or, if more than one, chief executive office, or its
mailing address or organizational identification number if it has one and (b) Debtor will not change its type of organization or jurisdiction of organization. 

  
 3 

 7. Representations and Warranties Concerning Collateral, etc. Debtor further
represents and warrants to Secured Party as follows: (a) Debtor is the owner of the Collateral, free from any right or claim or any person or any adverse lien, security interest or other encumbrance, except for the security interest created by
this Agreement and Permitted Liens, (b) none of the Collateral constitutes, or is the proceeds of, “farm products” as defined in Section 9-102(a)(34) of the Uniform Commercial Code of the State, (c) none of the account
debtors or other persons obligated on any of the Collateral is a governmental authority covered by the Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such Collateral, (d) Debtor has at all times
operated its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal and state statutes dealing with the environment, preservation or reclamation of
natural resources, the control, shipment, storage or disposal of hazardous materials or substances, or heath and safety matters, in each case, except to the extent any non-compliance could not reasonably be expected to result in a Material Adverse
Change, (e) all other information set forth on the Perfection Certificate pertaining to the Collateral is accurate and complete in all material respects, and (g) that there has been no change in any information provided in the Perfection
Certificate with respect to the Debtor or the Collateral since the date on which it was executed by Debtor, unless such change is permitted by the terms of this Agreement and the Debtor has provided written notice of such change to Secured Party, or
Secured Party otherwise consents in writing to such change. As used in the Agreement, with respect to the Collateral, the following, collectively, shall mean “Permitted Liens”: 

 

	 	(a)	(i) inchoate liens for taxes, assessments or governmental charges or levies not yet due and payable or delinquent, and (ii) liens for taxes, assessments or
governmental charges or levies, which are being contested in good faith by appropriate proceedings; 

  

	 	(b)	liens in respect of property that do not secure indebtedness for borrowed money such as carriers’, warehousemen’s, materialmen’s, landlords’,
workmen’s, suppliers’, repairmen’s and mechanics’ liens and other similar liens; 

  

	 	(c)	liens arising out of judgments, attachments or awards not in excess of an aggregate amount of $10,000,000; 

 

	 	(d)	(x) liens imposed by law or deposits made in connection therewith in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other types of social security legislation, (y) incurred in the ordinary course of business to secure the performance of tenders, statutory obligations, surety, stay, customs and appeal bonds, statutory bonds, bids, leases,
government contracts, trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of indebtedness for borrowed money) or (z) arising in the ordinary course of business to secure
liability for premiums to insurance brokers, carriers or insurance companies; 

  
 4 

	 	(e)	liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by Debtor in the ordinary course of
business; 

  

	 	(f)	the filing of UCC financing statements solely as a precautionary measure in connection with operating leases or consignment of goods, or of unauthorized UCC financing
statements; 

  

	 	(g)	liens in favor of Secured Party; 

  

	 	(h)	liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the
ordinary course of business; and 

  

	 	(i)	liens that are contractual rights of set-off relating to purchase orders and other agreements entered into with customers in the ordinary course of business; and

  

	 	(j)	other liens not otherwise permitted in clauses (a) through (i) above securing indebtedness (excluding indebtedness for borrowed money) in an aggregate amount
not to exceed $5,000,000 at any time outstanding. 

 8. Covenants Concerning Collateral, etc. Debtor
further covenants with Secured Party as follows: (a) except for the security interest herein granted, Debtor shall be the owner of the Collateral free from any right or claim of any other person, lien, security interest or other encumbrance
other than Permitted Liens, and Debtor shall defend the same against all claims and demands of all persons at any time claiming the same or any interests therein adverse to Secured Party other than Permitted Liens, (b) Debtor shall not pledge,
mortgage or create, or suffer to exist any right of any person in or claim by any person to the Collateral, or any security interest, lien or encumbrance in the Collateral in favor of any person, other than Secured Party or with respect to Permitted
Liens, (c) Debtor will keep the Collateral in good order, (d) Debtor will permit Secured Party to inspect the Collateral at any reasonable time, wherever located, provided that so long as no Event of Default has occurred and is continuing,
Secured Party shall not inspect the Collateral more than one time per fiscal year of Debtor, (e) Debtor will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the
use or operation of such Collateral or incurred in connection with this Agreement unless any of the same are contested in good faith, (f) Debtor will continue to operate, its business in compliance with all applicable provisions of the federal
Fair Labor Standards Act, as amended, and with all applicable provisions of federal and state statutes dealing with the environment, preservation or reclamation of natural resources, the control, shipment, storage or disposal of hazardous materials
or substances, or heath and safety matters, in each case, except to the extent any non-compliance could not reasonably be expected to result in a Material Adverse Change and (g) Debtor will not sell or otherwise dispose, or offer to sell or
otherwise dispose, of the Collateral or any interest therein except for (i) sales of inventory in the ordinary course of business, (ii) sales or other dispositions of obsolete items of Collateral and/or items of Collateral that are no
longer useful in Debtor’s business, (iii) so long as no Event of Default has occurred and is continuing, cash dividends and/or distributions to Parent, and (iv) so long as no Event of Default has occurred and is continuing, sales or
other dispositions of Collateral having an aggregate value not to exceed $5,000,000 in any fiscal year of Debtor. 

  
 5 

 9. Collateral Protection Expenses; Preservation of Collateral. 

9.1. Expenses Incurred by Secured Party. In Secured Party’s discretion, if Debtor fails to do so, or is not contesting in good
faith. Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral which do not constitute Permitted Liens, maintain any of the Collateral and pay any necessary filing fees or insurance premiums.
Debtor agrees to reimburse Secured Party within five days of demand for all expenditures so made. Secured Party shall have no obligation to Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any
Default or Event of Default. 
 9.2. Secured Party’s Obligations and Duties. Anything herein to the contrary
notwithstanding, Debtor shall remain obligated and liable under each contract or agreement comprised in the Collateral to be observed or performed by Debtor thereunder. Secured Party shall not have any obligation or liability under any such contract
or agreement by reason of or arising out of this Agreement or the receipt by Secured Party of any payment relating to any of the Collateral, nor shall Secured Party be obligated in any manner to perform any of the obligations of Debtor under or
pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by Secured Party in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or
agreement, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to Secured Party or to which Secured Party may be entitled at any time or times. Secured
Party’s sole duty with respect to the custody, safe keeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code of the State or otherwise, shall be to deal with such Collateral
in the same manner as Secured Party deals with similar property for its own account. 
 10. Power of Attorney.

 10.1. Appointment and Powers of Secured Party. Debtor hereby irrevocably constitutes and appoints Secured Party and any
officer or agent thereof, with full power of substitution, as its true and lawful attorneys-in-fact with full irrevocable power and authority in the place and stead of Debtor or in Secured Party’s own name, for the purpose of carrying out the
terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or useful to accomplish the purposes of this Agreement and, without limiting the generality of the foregoing,
hereby gives said attorneys the power and right, on behalf of Debtor, without notice to or assent by Debtor, to do the following: 
 (a) upon the occurrence and during the continuance of an Event of Default, to sell, transfer, pledge, make any agreement with respect to or otherwise dispose of or deal with any of the Collateral in such
manner as is consistent with the Uniform Commercial Code of the State and as fully and completely as though Secured Party were the absolute owner thereof for all purposes, and to do, at Debtor’s expense, at any time, or from time to time, all

  
 6 

 
acts and things which Secured Party deems necessary or useful to protect, preserve or realize upon the Collateral and Secured Party’s security interest therein, in order to effect the intent
of this Agreement, all at least as fully and effectively as Debtor might do; and 
 (b) to the extent that
Debtor’s authorization given in Section 3 is not sufficient, to file such financing statements with respect to the Collateral, with or without Debtor’s signature, or a photocopy of this Agreement in substitution for a financing
statement, as Secured Party may deem appropriate and to execute in Debtor’s name such financing statements and amendments thereto and continuation statements which may require Debtor’s signature. 

10.2. Ratification by Debtor. To the extent permitted by law, Debtor hereby ratifies all that said attorneys shall lawfully do or
cause to be done by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable until payment in full of the Obligations (other than contingent indemnification obligations to the extent no unsatisfied claim has been
asserted, subject to Section 20(b). 
 10.3. No Duty on Secured Party. The powers conferred on Secured Party
hereunder are solely to protect its interests in the Collateral and shall not impose any duty upon it to exercise any such powers. Secured Party shall be accountable only for the amounts that it actually receives as a result of the exercise of such
powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to Debtor for any act or failure to act, except for Secured Party’s own gross negligence, bad faith or willful misconduct. 

11. Rights and Remedies. If an Event of Default shall have occurred and be continuing, Secured Party, without any other notice to
or demand upon Debtor except as required under applicable law, have in any jurisdiction in which enforcement hereof is sought, in addition to all other rights and remedies, the rights and remedies of a secured party under the Uniform Commercial Code
of the State and any additional rights and remedies which may be provided to a secured party in any jurisdiction in which Collateral is located, including, without limitation, the right to peacefully take possession of the Collateral, and for that
purpose Secured Party may, so far as Debtor can give authority therefor, enter upon any premises on which the Collateral may be situated and remove the same therefrom. Secured Party may in its discretion require Debtor to assemble all or any part of
the Collateral at such location or locations within the jurisdiction of Debtor’s principal office or at such other locations as Secured Party may reasonably designate. Unless the Collateral is perishable or threatens to decline speedily in
value or is of a type customarily sold on a recognized market, Secured Party shall give to Debtor at least ten (10) Business Days prior written notice of the time and place of any public sale of Collateral or of the time after which any private
sale or any other intended disposition is to be made. Debtor hereby acknowledges that ten (10) Business Days prior written notice of such sale or sales shall be reasonable notice. In addition, to the extent permitted by applicable law, Debtor
waives any and all rights that it may have to a judicial hearing in advance of the enforcement of Secured Party’s rights and remedies hereunder, including, without limitation, its right following an Event of Default to take immediate
possession of the Collateral and to exercise its rights and remedies with respect thereto. 

  
 7 

 12. Standards for Exercising Rights and Remedies. To the extent that applicable law
imposes duties on Secured Party to exercise remedies in a commercially reasonable manner, Debtor acknowledges and agrees that it is not commercially unreasonable for Secured Party (a) to fail to incur expenses reasonably deemed significant by
Secured Party to prepare Collateral for disposition or otherwise to fail to complete raw material or work in process into finished goods or other finished products for disposition, (b) to fail to obtain third party consents for access to
Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (c) to fail to exercise
collection remedies against account debtors or other persons obligated on Collateral or to fail to remove liens or encumbrances on or any adverse claims against Collateral, (d) to exercise collection remedies against account debtors and other
persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral
is of a specialized nature, (f) to contact other persons, whether or not in the same business as Debtor, for expressions of interest in acquiring all or any portion of the Collateral without disclosing confidential information of Debtor to such
persons, (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the collateral is of a specialized nature, (h) to dispose of Collateral by utilizing Internet sites that provide for the
auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim
disposition warranties, (k) to purchase insurance or credit enhancements to insure Secured Party against risks of loss, collection or disposition of Collateral or to provide to Secured Party a guaranteed return from the collection or
disposition of Collateral, or (1) to the extent deemed appropriate by Secured Party, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Secured Party in the collection or disposition of
any of the Collateral. Debtor acknowledges that the purpose of this Section 12 is to provide non-exhaustive indications of what actions or omissions by Secured Party would fulfill Secured Party’s duties under the Uniform Commercial Code or
other law of the State or any other relevant jurisdiction in Secured Party’s exercise of remedies against the Collateral and that other actions or omissions by Secured Party shall not be deemed to fail to fulfill such duties solely on account
of not being indicated in this Section 12. Without limitation upon the foregoing, nothing contained in this Section 12 shall be construed to grant any rights to Debtor or to impose any duties on Secured Party that would not have been
granted or imposed by this Agreement or by applicable law in the absence of this Section 12. 
 13. No Waiver by Secured
Party, etc. Secured Party shall not be deemed to have waived any of its rights or remedies in respect of the Obligations or the Collateral unless such waiver shall be in writing and signed by Secured Party. No delay or omission on the part of
Secured Party in exercising any right or remedy shall operate as a waiver of such right or remedy or any other right or remedy. A waiver on any one occasion shall not be construed as a bar to or waiver of any right or remedy on any future occasion.
All rights and remedies of Secured Party with respect to the Obligations or the Collateral, whether evidenced hereby or by any other instrument or papers, shall be cumulative and may be exercised singularly, alternatively, successively or
concurrently at such time or at such times as Secured Party deems expedient. 

  
 8 

 14. Suretyship Waivers by Debtor. Debtor waives demand, notice (except as provided in
this Agreement), protest, notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other demands and notices of any description. With respect to
both the Obligations and the Collateral, Debtor assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release of or failure to perfect any security interest in any Collateral, to
the addition or release of any party or person primarily or secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in such manner and at such time or times as Secured Party
may deem advisable. Secured Party shall have no duty as to the collection or protection of the Collateral or any income therefrom, the preservation of rights against prior parties, or the preservation of any rights pertaining thereto beyond the safe
custody thereof as set forth in Section 9.2. Debtor further waives any and all other suretyship defenses. 
 15.
Marshalling. Secured Party shall not be required to marshal any present or future collateral security (including but not limited to the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such
collateral security or other assurances of payment in any particular order, and all of its rights and remedies hereunder and in respect of such collateral security and other assurances of payment shall be cumulative and in addition to all other
rights and remedies, however existing or arising. To the extent that it lawfully may, Debtor hereby agrees that it will not invoke any law relating to the marshalling of collateral which might cause delay in or impede the enforcement of Secured
Party’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof
is otherwise assured, and, to the extent that it lawfully may, Debtor hereby irrevocably waives the benefits of all such laws. 

16. Proceeds of Dispositions; Expenses. Debtor shall pay to Secured Party within five (5) Business Days of written demand any
and all out-of-pocket expenses, including reasonable attorneys’ fees and disbursements, incurred or paid by Secured Party in protecting, preserving or enforcing Secured Party’s rights and remedies under or in respect of any of the
Obligations or any of the Collateral. After deducting all of such expenses, the residue of any proceeds of collection or sale or other disposition of the Collateral shall, to the extent actually received in cash, be applied to the payment of the
Obligations in such order or preference as Secured Party may determine. Subject to Section 20(b), upon the payment and satisfaction in full of all of the Obligations (other than contingent indemnification obligations to the extent no
unsatisfied claim has been asserted) and after making any payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of thc Uniform Commercial Code of the State, any excess shall be returned to Debtor. Subject to Section 20(b), in the absence
of payment and satisfaction in full of all of the Obligations (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted), Debtor shall remain liable for any deficiency. 

17. Overdue Amounts. Until paid, all amounts due and payable by Debtor hereunder shall be a debt secured by the Collateral and
shall bear, whether before or after judgment, interest at the rate of interest for overdue principal set forth in the Note. 

  
 9 

 18. Governing Law; Consent to Jurisdiction. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF New York. Debtor agrees that any action or claim arising out of, or any dispute in connection with, this Agreement, any rights, remedies, obligations, or duties hereunder, or the performance or
enforcement hereof or thereof, may be brought in the courts of the State or any federal court sitting therein and consents to the non-exclusive jurisdiction of such court and to service of process in any such suit being made upon Debtor by mail at
the address specified in the Purchase Agreement. Debtor hereby waives any objection that it may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an inconvenient court. 

19. Waiver of Jury Trial. EACH OF SECURED PARTY AND DEBTOR WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM
ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT, ANY RIGHTS, REMEDIES, OBLIGATIONS, OR DUTIES HEREUNDER, OR THE PERFORMANCE OR ENFORCEMENT HEREOF OR THEREOF. Except as prohibited by law, each of Secured Party and Debtor waives any right
which it may have to claim or recover in any litigation referred to in the preceding sentence any special, exemplary, punitive or consequential damages or any damages other than, or in addition to, actual damages. 

20. Termination. 
 (a) Upon payment in full of all of the Obligations (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted), this Agreement and the security interests
granted hereunder shall automatically terminate and, at Debtor’s expense, Secured Party shall promptly deliver to Debtor (i) such releases, discharges and/or termination statements as reasonably requested by Debtor to evidence such
termination (including, without limitation, UCC termination statements, mortgage releases, intellectual property releases and termination of deposit account control agreements) and (ii) all possessory Collateral in Secured Party’s
possession or in the possession of an agent or nominee of Secured Party. 
 (b) This Agreement, including without limitation
Section 10.2 and Section 16 hereof, shall be automatically reinstated if at any time payment, in whole or in part, of the Obligations is rescinded or must otherwise be restored or returned by Secured Party as a preference, fraudulent
conveyance or otherwise under any bankruptcy, insolvency or similar statute, all as if such payment had not been made. In such case, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements)
incurred by Secured Party in defending and enforcing such reinstatement shall be deemed to be included as part of the Obligations. 
 21. Miscellaneous. The headings of each section of this Agreement are for convenience only and shall not define or limit the provisions thereof. This Agreement and all rights and obligations
hereunder shall be binding upon Debtor and its respective successors and permitted assigns, and shall inure to the benefit of Secured Party and its successors and permitted assigns. Debtor may not assign or transfer any of its rights or obligations
under this Agreement without the prior written consent of Secured Party. Secured Party may not assign or transfer any 

  
 10 

 IN WITNESS WHEREOF, intending to be legally bound, each of Secured Party and
Debtor has caused this Agreement to be duly executed as of the date first above written. 
  

			
	TOLEDO REFINING COMPANY LLC
		
	By:	 	  

		
	Title:	 	  

		
	SUNOCO,	 	INC. (R&M)
		
	By:	 	  

		
	Title:	 	  

  
 11 

 Annex 3 
 [See Attached] 

 EXHIBIT N  

GUARANTEE AGREEMENT 
 THIS AGREEMENT is made as of                     , 2011 by PBF Holding Company LLC, a Delaware limited
liability company (hereinafter called “Guarantor”). 

R E C I T A L S : 

A. Toledo Refining Company LLC, a Delaware limited liability company (“Debtor”), has entered into that certain Asset
Sale and Purchase Agreement dated as of the date hereof (the “Purchase Agreement”) by and between Debtor, as Buyer, and Sunoco, Inc. (R&M), as Seller (“Creditor”). 

B. Pursuant to the terms of the Purchase Agreement, Creditor has agreed to accept (i) Debtor’s promissory note in the original
principal amount of $200,000,000 (the “Promissory Note”) in partial consideration of the purchase price thereunder and (ii) Debtor’s promissory note in the original principal amount of
$         in consideration of the purchase price for certain products and intermediates inventory (the “Products and Intermediates Note”, and, collectively with the Promissory Note, the
“Notes”) on the condition, among others, that Guarantor guarantee the Obligations (as hereinafter defined) on the terms stated herein. 
 C. Debtor is a wholly-owned subsidiary of Guarantor, and Guarantor will benefit directly and indirectly from the extension of credit from Creditor to Debtor pursuant to the Notes. 

D. The term “Obligations” includes any and all debts, obligations, and liabilities of Debtor to Creditor under the Notes and
all debts, obligations and liabilities of the Guarantor under this Agreement, whether now or hereafter made, incurred, or created, whether voluntary or involuntary and however arising, whether due or not due, absolute or contingent, liquidated or
unliquidated, determined or undetermined, secured or unsecured, whether Debtor is liable individually or jointly with others, whether for principal, interest or other debts, obligations or liabilities, and whether or not any or all such debts,
obligations and liabilities are or become barred by any statute of limitations or otherwise unenforceable. 

C O V E N A N T S : 

IN CONSIDERATION OF these premises and any credit or financial accommodation now or hereafter granted by Creditor to Debtor, it is agreed
that: 
 1. Guarantor hereby (a) unconditionally guarantees the full and prompt payment and performance of the Obligations
when due, whether by acceleration or otherwise, or (if earlier) at the time Debtor becomes the subject of bankruptcy or other insolvency proceedings; (b) agrees to pay all costs, expenses and reasonable attorneys’ fees incurred by Creditor
in enforcing this Agreement and the Obligations and realizing on any collateral for either; and (c) agrees to pay to Creditor the amount of any payments made to Creditor or another in connection with any of the Obligations which are recovered
from Creditor by a trustee, receiver, creditor or other party pursuant to applicable law. All amounts payable hereunder shall be payable in immediately available funds and in lawful money of the United States of America. 

 2. This is a guarantee of payment, and not of collection. Creditor shall not be obligated
to: (a) take any steps whatsoever to collect from, or to file any claim of any kind against, Debtor, any guarantor, or any other person or entity liable for payment or performance of any of the Obligations; or (b) take any steps whatsoever
to protect, accept, obtain, enforce, take possession of, perfect its interest in, foreclose or realize on collateral or security, if any, for the payment or performance of any of the Obligations or any guarantee of any of the Obligations; or
(c) in any other respect exercise any diligence whatever in collecting or attempting to collect any of the Obligations by any means. 
 3. Guarantor’s liability for payment and performance of the Obligations shall be absolute and unconditional; Guarantor unconditionally and irrevocably waives each and every defense which, under
principles of guarantee or suretyship law, would otherwise operate to impair or diminish such liability; and nothing whatever except actual full payment and performance to Creditor of the Obligations shall operate to discharge Guarantor’s
liability hereunder. Without limiting the generality of the foregoing, Creditor shall have the exclusive right, which may be exercised from time to time without diminishing or impairing the liability of Guarantor in any respect, and without notice
of any kind to Guarantor, to: (a) extend any additional credit to Debtor; (b) accept any collateral, security or guarantee for any Obligations; (c) determine how, when and what application of payments, credits and collections, if any,
shall be made on the Obligations and accept partial payments on the Obligations; (d) determine what, if anything, shall at any time be done with respect to any collateral or security; subordinate, sell, transfer, surrender, release or otherwise
dispose of all or any of such collateral or security; and purchase or otherwise acquire any such collateral or security at foreclosure or otherwise; and (e) with or without consideration grant, permit or enter into any waiver, amendment,
extension, modification, refinancing, indulgence, compromise, settlement, subordination, discharge or release of: (i) any of the Obligations and any agreement relating to any of the Obligations, (ii) any obligations of any guarantor or
other person or entity liable for payment or performance of any of the Obligations, and any agreement relating to such obligations and (iii) any collateral or security or agreement relating to collateral or security for any of the foregoing.

 4. Guarantor hereby unconditionally waives (a) presentment, notice of dishonor, protest, demand for payment and all
notices of any kind, including without limitation: notice of acceptance hereof; notice of the creation of any of the Obligations; notice of nonpayment, nonperformance or other default on any of the Obligations; and notice of any action taken to
collect upon or enforce any of the Obligations; (b) any claim for contribution against any co-guarantor, until the Obligations have been paid or performed in full and such payments are not subject to any right of recovery; and (c) any
setoffs or counterclaims against Creditor which would otherwise impair Creditor’s rights against Guarantor hereunder. Further, subject to Section 9(b), Guarantor hereby expressly acknowledges and agrees that, until the Obligations (other
than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) have been paid or performed in full, (i) it will not exercise any rights it may acquire by reason of subrogation, indemnification or contribution
resulting from any payments made by Guarantor hereunder and (ii) any rights it may acquire by reason of subrogation, indemnification or contribution resulting from any payments made by Guarantor hereunder shall be fully subordinate to any
claims Creditor may at such time, or in the future, have against the Debtor. 

  
 - 2 -

 5. Guarantor has made an independent investigation and evaluation of the financial condition
of Debtor and the value of any collateral, and has not relied (and will not rely) on any information or evaluation provided by Creditor regarding such condition or value. 
 6. Guarantor represents and warrants that: 
  

	 	(a)	The execution, delivery and performance of this Agreement by Guarantor are within the limited liability company powers of Guarantor, have been duly authorized by all
necessary limited liability company action and do not and will not (i) require any consent or approval of the members of Guarantor which has not been obtained, (ii) violate any provision of the certificate of formation or operating
agreement of Guarantor or of any law, rule, regulation, order, writ, judgment, injunction or decree presently in effect having applicability to Guarantor, in each case which could reasonably be expected to result in a Material Adverse Change (as
defined in the Notes); (iii) require the consent or approval of, or filing or registration with, any governmental body, agency or authority, or (iv) result in a breach of or constitute a default under, or result in the imposition of any
lien, charge or encumbrance upon any property of Guarantor pursuant to, any indenture or other agreement or instrument under which Guarantor is a party or by which it or any of its properties may be bound or affected. 

 

	 	(b)	This Agreement constitutes the legal, valid and binding obligation of Guarantor enforceable in accordance with its terms, except that such enforceability may be limited
by bankruptcy or similar laws affecting the enforceability of creditors’ rights generally. 

  

	 	(c)	The financial statements of Guarantor furnished to Creditor fairly present the financial condition of Guarantor for the periods shown therein, and since the dates
covered by the most recent of such financial statements, there has been no material adverse change in Guarantor’s assets or financial condition. Except as expressly shown on such financial statements, Guarantor is not a party to any litigation,
nor is any litigation threatened to the knowledge of Guarantor which would, if adversely determined, cause any material adverse change in its business or assets. 

 7. Guarantor shall provide to Creditor such information regarding the financial condition of Guarantor as Creditor may reasonably request from time to time. 

8. Any term or provision of this Agreement to the contrary notwithstanding, the maximum aggregate amount of the obligations guaranteed
hereunder by Guarantor shall not exceed the maximum amount that can be hereby guaranteed without rendering this Agreement voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of
creditors generally. To effectuate the forgoing intention, the obligations of Guarantor shall be limited to such maximum amount as will, after giving effect to all other contingent and fixed liabilities of Guarantor and after giving effect to any
collections 

  
 - 3 -

 from or payments made or reasonably expected to be made by or on behalf of any other guarantor of the
Obligations in respect of the obligations of such other guarantor under its guarantee or pursuant to its contribution obligations, result in the obligations of Guarantor under this Agreement not constituting a fraudulent conveyance or fraudulent
transfer under federal, state or foreign law. 
 9. (a) This Agreement shall inure to the benefit of Creditor and its successors
and permitted assigns, including every holder or owner of any of the Obligations, and shall be binding upon Guarantor and Guarantor’s successors and permitted assigns. Guarantor may not assign or transfer any of its rights or obligations under
this Agreement without the prior written consent of Creditor. Creditor may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of Guarantor, not to be unreasonably withheld or delayed. This
is a continuing guarantee and shall continue in effect with respect to all Obligations (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) until all such Obligations shall be paid or performed in
full, subject to Section 9(b) below. 
 (b) This Agreement, including without limitation Section 4 and
Section 9(a) hereof, shall be automatically reinstated if (a) at any time payment, in whole or in part, of the Obligations is rescinded or must otherwise be restored or returned by Creditor as a preference, fraudulent conveyance or
otherwise under any bankruptcy, insolvency or similar statute, all as if such payment had not been made or (b) at any time Creditor has an unsatisfied claim against Debtor pursuant to any contingent indemnification obligation. In either such
case, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by Creditor in defending and enforcing such reinstatement shall be deemed to be included as part of the Obligations.

 10. This Agreement constitutes the entire agreement between Creditor and Guarantor with respect to the subject matter hereof,
superseding all previous communications and negotiations, and no representation, understanding, promise or condition concerning the subject matter hereof shall be binding upon Creditor unless expressed herein. This Agreement shall be governed by the
internal laws of the State of New York. This Agreement may be amended only by a written amendment signed by Guarantor and Creditor. 
 11. Guarantor hereby consents to the exclusive jurisdiction of any state or federal court situated in the Southern District of New York, and waives any objection based on lack of personal jurisdiction,
improper venue or forum non conveniens, with regard to any actions, claims, disputes or proceedings relating to this Agreement, or any document delivered hereunder or in connection herewith, or any transaction arising from or
connected to any of the foregoing. Nothing herein shall affect Creditor’s right to serve process in any manner permitted by law, or limit Creditor’s right to bring proceedings against the Guarantor or its property or assets in the
competent courts of any other jurisdiction or jurisdictions. 
 12. Each of Creditor and Guarantor hereby waives any and all
right to trial by jury in any action or proceeding relating to this Agreement, or any document delivered hereunder or in connection herewith, or any transaction arising from or connected to any of the foregoing. Each of Creditor and Guarantor
represents that this waiver is knowingly, willingly and voluntarily given. 

  
 - 4 -

 13. Each of Creditor and Guarantor hereby waives any right it may now or hereafter have
to claim or recover from each other any consequential, exemplary or punitive damages. 

  
 - 5 -

 IN WITNESS WHEREOF, Guarantor has executed and delivered this Guarantee Agreement as of the
date first set forth above. 
  

			
	PBF HOLDING COMPANY LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

			
	 Acknowledged and Accepted as of the
 Date first set forth above:

	
	SUNOCO, INC. (R&M)
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 

SECOND AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT 
 This SECOND AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT (this “Second Amendment”), dated as of February 15, 2011, is made and entered into by and between TOLEDO REFINING COMPANY
LLC, a Delaware limited liability company (“Buyer”), and SUNOCO, INC. (R&M), a Pennsylvania corporation (“Seller”). Capitalized terms used herein will have the same meaning as defined in the Agreement unless otherwise
specified herein. 

R   E   C   I   T   A   L   S:

 A. Seller and Buyer are parties to that certain Asset Sale and Purchase Agreement (the “Agreement”),
dated as of December 2, 2010; and 
 B. Seller and Buyer amended the Agreement pursuant to a First Amendment to Asset Sale
and Purchase Agreement, dated as of January 18, 2011; and 
 C. Seller and Buyer desire to amend the Agreement at this time
pursuant to the terms and conditions of this Second Amendment. 
 NOW THEREFORE, in consideration of the covenants and
agreements hereunder and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows: 
 1. The Agreement is hereby amended as follows: 
 (a) Section 2.6.3.1 of the
Agreement is hereby amended and restated in its entirety to read as follows: 
 “The Cash Purchase Price shall be adjusted
to account for (a) the items prorated as of the Closing pursuant to Section 2.7, (b) the Pension Price Adjustment described in Section 6.5.7 of Exhibit 6.5 and (c) the vacation accrual adjustment described in
Section 6.5.11 of Exhibit 6.5.” 
 (b) The third to last sentence of Section 6.5.2 of Exhibit 6.5 of the Agreement
is hereby amended and restated in its entirety to read as follows: 
 “Any Current Employee who accepts the Buyer’s
offer of employment and on the Closing Date is on a leave of absence or short-term disability leave consistent with the Seller’s established policies and practices which was authorized by the Seller prior to the Closing Date, including any FMLA
leave or military leave, and is qualified to return to work and does return to work at the end of such authorized leave, which shall not be longer than six (6) months after the Closing Date, unless applicable Law gives the Current Employee a
longer period for returning to work, shall become employed by the Buyer as of the day of his or her return to work with such date being deemed the Employment Date for such employee (“STD/LOA Employees”).” 

 (c) Section 6.5.3 of Exhibit 6.5 of the Agreement is hereby amended and restated in its
entirety to read as follows: 
 “6.5.3 Retained Employees. Any Current Employee who is on long-term disability on the
Closing Date and those Current Employees who are offered and do not accept employment with the Buyer or do not become employed by the Buyer shall be referred to collectively as the “Retained Employees.” Notwithstanding anything in
this Agreement to the contrary, any represented Current Employee who is on long-term disability or a leave of absence pending a determination on long-term disability benefits on the Closing Date and who subsequently returns to work within the time
period set in Article XXI, Section E of the CBA and in accordance with the provisions of the CBA, shall become employed by the Buyer and shall be treated as a Continuing Employee as of his or her return to work with such date being deemed the
Employment Date for such employee (“LTD Employees”). The Seller or its Affiliates may retain the services of any Retained Employee (at a location other than the Facilities unless agreed to in writing by Buyer) or terminate any such
Retained Employee’s employment on or following the Closing Date. The Seller shall retain Liability and be responsible for and indemnify and hold harmless the Buyer against all severance, salaries or wages and benefits and all other claims,
costs, expenses and Liabilities related to or arising out of the employment or termination of the Retained Employees by the Seller.” 
 (d) The first sentence of Section 6.5.6 of Exhibit 6.5 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Except as otherwise set forth in the Transition Services Agreement, all Continuing Employees shall cease active participation in all
Seller Plans as of 11:59 p.m. on the date preceding his or her Employment Date.” 
 (e) Section 6.5.7 of Exhibit 6.5 of
the Agreement is hereby amended and restated in its entirety to read as follows: 
 “6.5.7 Pension Plan. Effective as
of their Employment Date, neither hourly Continuing Employees nor salaried Continuing Employees (whose benefit accruals have already been frozen as of June 30, 2010) shall accrue credited service under the U.S. tax-qualified defined benefit
plan of the Seller (the “Seller Pension Plan”) for purposes of eligibility, vesting or benefit accrual. Distribution of benefits for Continuing Employees under the Seller Pension Plan shall be paid in accordance with its terms, as
amended from time to time. Subject to the Union’s general release of all claims, the Seller shall amend the Seller Pension Plan, within the time period required under Section 401(b) of the Code, to provide 1) all represented hourly
Continuing Employees, regardless of age and years of service, with a lump sum form of payment option if elected no later than June 30, 2011 (“Lump Sum Option”); and 2) represented hourly Continuing Employees who 

  
 2 

 terminate employment with the Seller prior to eligibility for normal or early retirement
under the Seller Pension Plan, but with at least five completed years of service with the Seller and with age and service (in years and completed calendar months) equal to or greater than 60 as of the Closing Date, an enhanced pension benefit equal
to seventy-five percent (75%) of the accrued benefit payable at normal retirement age, which shall be actuarially reduced to reflect a represented Continuing Employee’s age at application for benefits (“Toledo Rule of 60”)
(collectively, the “Enhancements”). A lump sum form of payment option shall only be available to represented Continuing Employees who are eligible for the Toledo Rule of 60 if they elect it no later than June 30, 2011. The
Seller shall also amend the Plan to provide that a represented STD/LOA Employee or represented LTD Employee shall be eligible for the Enhancements, provided that (a) he or she meets the age and service requirements for the Enhancements as of
his or her Employment Date; and (b) he or she elects the Enhancements, to the extent applicable, within ninety (90) days following such Employment Date. Buyer shall pay as an adjustment to the Cash Purchase Price an amount equal to fifty
percent (50%) of the cost of the Toledo Rule of 60 (“Pension Price Adjustment”) which shall be determined by the Seller Pension Plan’s actuary. Based on a Closing Date of February 1, 2011, Seller Pension Plan’s actuary
has estimated the Pension Price Adjustment to be $3,136,500.00 (“Pension Price Adjustment Estimate”); if the amount of the Pension Price Adjustment is more than the Pension Price Adjustment Estimate, notwithstanding anything to the
contrary in this Agreement, Buyer shall not be required to pay more than $3,150,000 in total pursuant to the Section 6.5.7. 

(f) The second and third sentence of Section 6.5.9 of Exhibit 6.5 of the Agreement is hereby amended and restated in its entirety to
read as follows: 
 Continuing Employees will participate in such plans on the same basis as the Buyer’s new hires, except
the Buyer will recognize prior service with the Seller or its Affiliates to determine benefit eligibility and, except as otherwise set forth in Exhibit A of the Transition Services Agreement, will provide coverage under the applicable plans
immediately upon the Continuing Employees’ Employment Dates. Except as otherwise set forth in Exhibit A of the Transition Services Agreement, the Buyer shall provide coverage and benefits under the Buyer’s welfare and other non-pension
fringe benefit plans to each Continuing Employee beginning on such Continuing Employee’s Employment Date and the Seller or its Affiliates shall have no responsibility therefor and thereafter; provided, however, that the Seller or its Affiliates
shall remain liable for any claims of each Continuing Employee incurred prior to such Continuing Employee’s Employment Date under the Seller’s or its Affiliates’ medical and life insurance, short-term disability, flexible spending,
dependent care and all other welfare programs in accordance with the terms of such plans as in effect prior to the Continuing Employee’s Employment Date. 

  
 3 

 (g) Section 6.5.11 of Exhibit 6.5 of the Agreement is hereby amended and restated in
its entirety to read as follows: 
 “6.5.11 Vacation. Seller shall pay as an adjustment to the Cash Purchase Price an
amount equal to i) Continuing Employees’ vacation entitlement for calendar year 2011 multiplied by a fraction, the numerator of which is the number of full months in 2011 which the Continuing Employees were employed by Seller and the
denominator of which is twelve; and ii) the vacation pay for all unused vacation carried over/banked by hourly Union represented Continuing Employees in accordance with the last paragraph of Article XXXII, Vacations, Section 8 of the CBA or by
salaried Union represented Continuing Employees in accordance with Article XVII, Vacations, Section 5 of the collective bargaining agreement between the Company and the Union for such employees (“Office Unit CBA”); provided that such
adjustment shall not include any amount for vacation banked from previous years by any non Union Continuing Employees which Seller shall pay directly to such non Union Continuing Employees. The Buyer shall provide non Union Continuing Employees with
paid vacation benefits equal to their accrued and unused vacation entitlement for calendar year 2011 as of the Closing Date, to be used under the terms of the Buyer’s vacation policy or practices during the remainder of calendar year 2011 or
until such later date determined by the Buyer. After the end of calendar year 2011, non Union Continuing Employees will be entitled to vacation under the Buyer’s vacation policy or practices, which will recognize service with the Seller, its
predecessors and the Buyer in determining a Continuing Employee’s vacation entitlement, including eligibility to participate, eligibility for the forms and levels of vacation and vacation accrual. For Continuing Employees represented by the
Union, Buyer will provide vacation benefits, including vacation pay, in accordance with the provisions of the applicable collective bargaining agreement, including vacation banked under Article XXXII, Vacations, Section 8 of the CBA for hourly
Union represented Continuing Employees and vacation banked under Article XVII, Vacations, Section 5 of the Office Unit CBA for salaried Union represented Continuing Employees.” 

(h) Part II of Schedule 2.6.3.2 to the Agreement is hereby amended and restated in its entirety so that as amended and restated it shall
read in its entirety as set forth in Exhibit I attached hereto. 

  
 4 

 2. The Agreement, as amended by the First Amendment and the Second Amendment, embodies the
entire agreement and understanding of the Parties in respect of the subject matter addressed in this Amendment. 
 3. Except as
expressly provided herein, (i) nothing in this Second Amendment shall be deemed to be a waiver or modification of any other term, covenant or condition of the Agreement, and (ii) all terms and provisions of the Agreement and the First
Amendment remain in full force and effect as originally entered into. 
 4. Seller and Buyer acknowledge that all references to
the “Agreement” in the Agreement and in any related agreements or documents shall refer to the Agreement as amended by the First Amendment and the Second Amendment. 
 5. This Second Amendment may be executed simultaneously in counterparts (by facsimile, PDF or otherwise), each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. 
 [Signature Page Follows] 

  
 5 

 IN WITNESS WHEREOF, the Parties hereto have entered into this Second Amendment as of the date first above
written. 
  

			
	SELLER:
	
	SUNOCO, INC. (R&M), a Pennsylvania corporation
		
	By:	 	 

		
	Name:	 	 Stacy L. Fox

		
	Title:	 	 Senior Vice President,
 General Counsel and Corporate Secretary

	
	BUYER:
	
	 TOLEDO REFINING COMPANY LLC, a
 Delaware Limited Liability Company

		
	 By:
	 	 

		
	Name:	 	 Jeffrey Dill

		
	Title:	 	 Secretary

  
 6 

 EXHIBIT I 
 Part II of Schedule 2.6.3.2 
 Toledo Hydrocarbon Inventory Valuation: 

All Hydrocarbon Inventory, at all sites, will be valued as of the Hydrocarbon Inventory Transfer Time using the pricing basis noted below. 

[REDACTED] 

  
 7 

 EXECUTION COPY 
 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 
 THIRD
AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT 
 This THIRD AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT (this
“Third Amendment”), dated as of February 28, 2011, is made and entered into by and between TOLEDO REFINING COMPANY LLC, a Delaware limited liability company (“Buyer”), and SUNOCO, INC. (R&M), a Pennsylvania
corporation (“Seller”). Capitalized terms used herein will have the same meaning as defined in the Agreement unless otherwise specified herein. 
 R E C I T A L S: 
 A. Seller and Buyer are parties to that certain Asset
Sale and Purchase Agreement (the “Agreement”), dated as of December 2, 2010; 
 B. Seller and Buyer
amended the Agreement pursuant to a First Amendment to Asset Sale and Purchase Agreement, dated as of January 18, 2011; 

C. Seller and Buyer further amended the Agreement pursuant to a Second Amendment to Asset Sale and Purchase Agreement, dated as of
February 15, 2011; and 
 D. Seller and Buyer desire to amend the Agreement at this time pursuant to the terms and
conditions of this Third Amendment. 
 NOW THEREFORE, in consideration of the covenants and agreements hereunder and other good
and valuable consideration the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows: 
 1. The Schedules to the Agreement are hereby amended and restated in their entirety and attached hereto as Appendix 1. 
 2. The Agreement, as amended by the First Amendment, the Second Amendment and this Third Amendment, embodies the entire agreement and understanding of the Parties in respect of the subject matter
addressed in this Third Amendment. 
 3. Except as expressly provided herein, (i) nothing in this Third Amendment shall be
deemed to be a waiver or modification of any other term, covenant or condition of the Agreement, and (ii) all terms and provisions of the Agreement as amended remain in full force and effect as originally entered into. 

4. Seller and Buyer acknowledge that all references to the “Agreement” in the Agreement and in any related agreements or
documents shall refer to the Agreement as amended by the First Amendment, the Second Amendment and this Third Amendment. 
 5.
This Third Amendment may be executed simultaneously in counterparts (by facsimile, PDF or otherwise), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

 IN WITNESS WHEREOF, the Parties hereto have entered into this Third Amendment as of the date first above
written. 
  

			
	 SELLER:
  

SUNOCO, INC. (R&M), a Pennsylvania corporation

		
	By:	 	 

		
	Name:	 	Stacy L. Fox
		
	Title:	 	Senior Vice President & General Counsel
	
	 BUYER:
  

TOLEDO REFINING COMPANY LLC, a Delaware Limited Liability Company

		
	By:	 	 

		
	Name:	 	Jeffrey Dill
		
	Title:	 	Secretary

 [Signature page to Third Amendment] 

 Appendix 1 

[Amended and Restated Schedules are attached] 

 IN WITNESS WHEREOF, the Parties hereto have entered into this Third Amendment as of the date first above
written. 
  

			
	 SELLER:
  

SUNOCO, INC. (R&M), a Pennsylvania corporation

		
	By:	 	 

		
	Name:	 	Stacy L. Fox
		
	Title:	 	Senior Vice President & General Counsel
	
	 BUYER:
  

TOLEDO REFINING COMPANY LLC, a Delaware Limited Liability Company

		
	By:	 	 

		
	Name:	 	Jeffrey Dill
		
	Title:	 	Secretary

 [Signature page to Third Amendment] 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THE WORD “[REDACTED]”. 

FINAL AMENDED AND RESTATED 
 AMENDED AND RESTATED 
 DISCLOSURE SCHEDULES TO 

ASSET SALE AND PURCHASE AGREEMENT BY AND BETWEEN 
 TOLEDO REFINING COMPANY LLC 
 AND 

SUNOCO, INC. (R&M) 
 These amended and restated disclosure schedules (the “Disclosure Schedules”) are being delivered pursuant to the Asset Sale and Purchase Agreement (the “Agreement”), dated as of
December 2, 2010, entered into by and between Toledo Refining Company LLC and Sunoco, Inc. (R&M). Capitalized terms used but not defined herein shall have the same meanings given them in the Agreement. 

These Disclosure Schedules are arranged in sections corresponding to the numbered and lettered sections and subsections contained in the
Agreement, and the disclosures in any section or subsection of the Disclosure Schedules shall qualify other sections and subsections of the Agreement to the extent the applicability of the disclosures to other non-referenced sections or subsections
is reasonably apparent. Disclosure of any information or document herein is not a statement or admission that it is material or required to be disclosed herein. No disclosure in the Disclosure Schedules relating to any possible breach or violation
of any agreement, law or regulation shall be construed as an admission or indication that any such breach or violation exists or has actually occurred (except as specifically stated herein). References to any Contract, benefit plan, permit, Order,
instrument, document or legal proceeding are qualified in their entirety by reference to more detailed information in documents attached hereto or previously delivered or made available to Buyer and its representatives. Prior to the Closing, Seller
may supplement or amend these Schedules pursuant to Section 5.6 of the Agreement. 
 Descriptive headings in the Disclosure
Schedules are inserted only for reference purposes and for convenience of the reader. 

  
 1 

 Schedule 1.1 

Definitions and Interpretations 
 See Execution Copy of the Agreement. 

  
 2 

 Schedule 1.1A 

Seller’s Knowledge 
 James Keeler 
 Michael Colavita 
 Roger Lyle 
 Steve Coladonato 
 Elaine Moore 
 Thomas Scargle 
 David Sexton 
 Boyd Foster 
 John Pickering 
 Robert Deitz 
 Robert Vryhof 
 Bruce Fischer 
 Elizabeth Bilotta 
 Jeff Coleman 
 Jack Parsil 
 Chris L. McCormick 
 John T. Wilson 
 V. Steve Herzog 
 The following individuals are included hereon solely with respect to such individuals’ knowledge of their subject matter areas of expertise, as specified below: 

Arnold Dodderer – Environmental Issues 

James Davies – Real Estate Issues 

  
 3 

 Schedule 1.1B 

Buyer’s Knowledge 
 Joe Niedecken 
 Ed Jacoby 
 Jim Fedena 
 John Launchi 
 Don Lucey 
 Todd O’Malley 
 James Yates 
 Matt Flanagan 
 Matt Lucey 
 Jeffrey Dill 

  
 4 

 Schedule 2.1.1 

Owned Real Property 
  

	1.	Main Refinery 

 Situated in the City of
Oregon, County of Lucas, State of Ohio, and is described as follows: 
 PARCEL 1: 
 THE WESTERLY 36.3 ACRES OF THE FOLLOWING DESCRIBED PREMISES: THAT PART OF THE SOUTH 1/2 OF THE NORTH WEST 1/4 AND THE NORTH 1/2 OF THE SOUTHWEST 1/4 OF SECTION 8 TOWN 10 SOUTH RANGE 8 EAST, LYING WEST OF
A LINE DRAWN PARALLEL WITH AND 30 RODS WEST OF THE NORTH AND SOUTH CENTERLINE OF SAID SECTION 8 AND LYING NORTH OF COUNTY ROAD NUMBER 179 RUNNING NORTH EASTERLY AND SOUTH WESTERLY AND EAST AND WEST AND THE PROLONGATION OF THE WESTERLY PART OF SAID
ROAD TO THE WEST LINE OF SECTION 8 AFORESAID. EXCEPT THAT PART SOUTH WEST OF WOODVILLE STREET SOLD TO SARAH KELLOGG, AND A STRIP 50 FEET IN WIDTH OFF THE WEST LINE, DEEDED TO THE BAY TERMINAL RAILROAD COMPANY. ALL IN OREGON CITY, LUCAS COUNTY, OHIO
CONTAINING 30.43 ACRES MORE OR LESS. 
 PRIOR DEED - VOLUME 251, PAGE 444 
 PART OF PARCEL NO. 44-22331 
 PARCEL 2: 
 BEING THE WEST 18 ACRES OF THE NORTH WEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, LUCAS COUNTY, OHIO, EXCEPTING THAT PART LYING NORTH OF THE CENTER LINE OF CRANE DITCH NO. 9
AND EAST OF A LINE RUNNING NORTH AND SOUTH, 60 FEET FROM, AND PARALLEL TO THE WEST LINE OF SAID SECTION, AND EXCEPTING THAT PORTION OF THE ABOVE DESCRIBED PROPERTY DEEDED TO THE TOLEDO BELT RAILWAY COMPANY FOR RAILROAD PURPOSES. THE CENTERLINE OF
SAID CRANE DITCH HAVING BEEN LOCATED AT THE WEST LINE OF THIS PROPERTY AT A POINT 479 FEET SOUTH OF THE NORTH LINE OF SAID SECTION, AND ON THE EAST LINE OF SAID PROPERTY AT A POINT 363 FEET SOUTH OF THE NORTH LINE OF SAID SECTION, WITH A TANGENT
BETWEEN THE TWO ABOVE DESCRIBED POINTS, WITH THE RIGHT TO PERMANENTLY USE ANY PART OF SAID DITCH FOR DRAINAGE PURPOSES. THE PROPERTY HEREBY CONVEYED CONTAINING 12 ACRES MORE OR LESS. 
 PRIOR DEED - VOLUME 274, PAGE 111 
 PART OF PARCEL NO. 44-22331 

  
 5 

 Schedule 2.1.1 

Owned Real Property 
  

 PARCEL 3: 
 THAT PART OF THE NORTH 1/2 OF THE NORTHWEST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, LYING BETWEEN THE EAST LINE OF LINCOLNSHIRE,
A SUBDIVISION IN SAID OREGON CITY, AND THE OTTAWA RESERVE LINE; 
 ALSO THAT PART OF THE NORTH 1/2 AND THE SOUTH 1/2 OF THE NORTHWEST QUARTER OF
SAID SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST LYING BETWEEN THE OTTAWA RESERVE LINE AND THE WEST LINE OF THE PROPERTY CONVEYED TO S.D. CARR, TRUSTEE, BY DEED RECORDED IN VOLUME 260 OF DEEDS, PAGE 180, LUCAS COUNTY, OHIO RECORDS AND NOW OCCUPIED BY THE
TOLEDO TERMINAL RAILWAY COMPANY. 
 PRIOR DEED - VOLUME 718, PAGE 547 
 PART OF PARCEL NO. 44-22331 
 PARCEL 4: 
 THAT PART OF THE NORTH 1/2 OF THE NORTHWEST FRACTIONAL 1/4 WEST OF THE RESERVE LINE IN SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, CITY OF OREGON, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS:

 COMMENCING AT A POINT IN THE CENTER LINE OF CRANE DITCH NUMBER 9 AND 60 FEET EAST ON A LINE AT RIGHT ANGLES TO THE WEST LINE OF SAID SECTION
8; THENCE NORTH ON A LINE 60 FEET EAST OF AND PARALLEL TO THE WEST LINE OF SAID SECTION 8 TO THE CENTER LINE OF NAVARRE AVENUE; THENCE EAST ALONG SAID CENTERLINE OF NAVARRE AVENUE 534 FEET; THENCE SOUTH ON A LINE AT RIGHT ANGLES TO SAID CENTER LINE
OF NAVARRE AVENUE AND PARALLEL TO THE WEST LINE OF SAID SECTION 8,363 FEET TO THE CENTERLINE OF CRANE DITCH; THENCE IN A SOUTHWESTERLY DIRECTION ALONG THE CENTER LINE OF SAID CRANE DITCH TO THE PLACE OF BEGINNING. THE CENTERLINE OF SAID CRANE DITCH
HAVING BEEN LOCATED ON THE WEST ALONG THE WEST LINE OF SAID SECTION 8 AT A POINT 479 FEET SOUTH OF THE CENTER LINE OF NAVARRE AVENUE AND ALONG THE EAST ALONG THE EAST LINE OF ABOVE DESCRIBED PROPERTY AT A POINT 363 FEET SOUTH OF THE CENTER LINE OF
NAVARRE AVENUE, WITH A TANGENT BETWEEN THE TWO ABOVE DESCRIBED POINTS. WITH THE RIGHT TO PERMANENTLY USE ANY PART OF SAID CRANE DITCH FOR DRAINAGE OR OTHER PURPOSES. 
 PRIOR DEED - VOLUME 660, PAGE 163 
 PART OF PARCEL NO. 44-22331 

  
 6 

 Schedule 2.1.1 

Owned Real Property 
  

 PARCEL 5: 
 LOTS NUMBERS 1 TO 245 BOTH INCLUSIVE AND ALL STREETS, ALLEYS AND RIGHT OF WAYS, IN LINCOLNSHIRE, A SUBDIVISION, (NOW VACATED) IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO; ALSO
DESCRIBED AS FOLLOWS: 
 THAT PARCEL OF LAND, CONSISTING OF PART OF THE NORTH 1/2 OF THE NORTHWEST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8
EAST, IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE FULLY DESCRIBED AS FOLLOWS: 
 COMMENCING AT A POINT ON THE
NORTH LINE OF SECTION 8, 597 FEET EAST OF THE IRON PIPE SET IN PAVEMENT DESIGNATING THE NORTHWEST CORNER OF SECTION 8, THENCE EAST AND ALONG THE NORTH LINE OF SECTION 8, 1447.95 FEET, THENCE SOUTH AND PARALLEL TO THE EAST LINE OF NORTHWEST 1/4
SECTION 8, 1318.72 FEET TO THE SOUTH LINE OF NORTH 1/2, NORTHWEST 1/4, THENCE WEST AND ALONG THE SOUTH LINE NORTH 1/2 NORTHWEST 1/4, SECTION 8, 1407.87 FEET TO A POINT, THENCE NORTH AND DEFLECTING 87° 43’, TO RIGHT 1311.14 FEET TO PLACE OF
BEGINNING, ALSO THAT PART OF THE SOUTH 1/2 NORTHWEST 1/4, SECTION 8, LYING BETWEEN THE NORTH LINE OF WOODVILLE VILLA AND THE SOUTH LINE OF NORTH 1/2, NORTHWEST 1/4, SECTION 8 TOWN 10 SOUTH, RANGE 8 EAST, OREGON TOWNSHIP, LUCAS COUNTY, OHIO.

 PRIOR DEED - VOLUME 718, PAGE 545 

PART OF PARCEL NO. 44-22331 
 PARCEL 6:

 TRACT A: 
 LOCATED IN LUCAS COUNTY,
STATE OF OHIO AND BEING THAT PART OF THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF SECTION NUMBER 8, TOWN 10 SOUTH, RANGE 8 EAST, DESCRIBED AS FOLLOWS: 

COMMENCING AT A POINT LOCATED 1306.28 FEET SOUTH FROM THE CENTER LINE OF NAVARRE AVENUE AND MEASURED ALONG THE WEST LINE OF SAID SECTION NUMBER 8 TO THE
NORTHWEST CORNER OF THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF SAID SECTION 8, WHICH POINT IS THE POINT OF BEGINNING OF THE PREMISES CONVEYED BY THIS DEED; THENCE SOUTH 373.72 FEET ALONG SAID WEST LINE OF SAID SECTION 8; THENCE EAST 50
FEET, PARALLEL TO THE NORTH LINE OF THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF SAID SECTION 8; THENCE NORTH 373.72 FEET AND PARALLEL TO THE WEST LINE OF SAID SECTION 8; THENCE WEST 50 FEET ALONG THE NORTH LINE OF THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF
SAID SECTION 8 TO THE POINT OF BEGINNING ABOVE REFERRED TO, CONTAINING .43 ACRES, MORE OR LESS. 
 PRIOR DEED - VOLUME 1003, PAGE 352

  
 7 

 Schedule 2.1.1 

Owned Real Property 
  

 TRACT B: 
 AND ALSO THE WESTERLY 50 FEET OF THE SOUTH HALF (1/2) OF THE NORTHWEST QUARTER (1/4) OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO EXCEPTING THEREFROM THE
NORTHERLY 373.72 FEET THEREOF. 
 PRIOR DEED - VOLUME 1588, PAGE 306 
 PARCEL NO. 44-22181 (TRACT A AND B) 
 PARCEL 7: INTENTIONALLY DELETED 

PARCEL 8: 
 SITUATED IN THE CITY OF OREGON,
COUNTY OF LUCAS, STATE OF OHIO, TO-WIT: 
 THAT PART OF THE WEST 1/2 OF SECTION NUMBER 8 IN TOWN 10 SOUTH OF RANGE 8 EAST IN THE CITY OF OREGON,
LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: 
 ON THE EAST BY THE NORTH AND SOUTH CENTER LINE OF SAID SECTION 8; ON THE SOUTH BY
COUNTY ROAD NO. 179 (CEMETERY ROAD OR PICKLE STREET); ON THE WEST BY THE EAST LINE OF VICTORY PLACE, AND ON THE NORTH BY THE NORTH LINE (AND EXTENSION OF SAME) OF THE SOUTH 83.24 ACRES OF THAT PART OF THE NORTH 1/2 OF SAID SECTION 8, WHICH LIES
WESTERLY OF THE INDIAN RESERVE LINE, EXCEPTING THEREFROM THAT PART THEREOF WHICH LIES EASTERLY OF SAID INDIAN RESERVE LINE AND ALSO EXCEPTING THEREFROM THAT PART THEREOF CONVEYED BY MORGAN HOLLINGSHEAD AND WIFE TO SPENCER D. CARR, TRUSTEE, BY DEED
RECORDED IN VOLUME 260 OF DEEDS, PAGE 115, LUCAS COUNTY, OHIO, RECORDS. 
 ALSO A STRIP OF LAND IN THE WEST 1/2 OF SECTION 8 IN TOWN 10 SOUTH OF
RANGE 8 EAST, IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, 125 FEET WIDE LYING WEST OF AND ADJOINING ABOVE DESCRIBED PARCEL, AND EXTENDING FROM THE NORTH LINE OF LOT NUMBER 2 IN VICTORY PLACE TO THE NORTH LINE OF THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF
SAID SECTION 8 (SAID PARCEL CONSISTS OF AND INCLUDES LOTS NUMBERS 3 TO 26 INCLUSIVE, (VACATED) IN VICTORY PLACE, AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, AS RECORDED IN VOLUME 36 OF PLATS, PAGES 17 AND 18 LUCAS COUNTY, OHIO, RECORDS
AND LOTS NUMBERS 27 TO 33, INCLUSIVE, (VACATED) IN VICTORY PLACE REPLAT AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, AS RECORDED IN VOLUME 41 OF PLATS, PAGE 16, LUCAS COUNTY, OHIO RECORDS AND THE EASTERLY 1/2 OF VACATED DEAL AVENUE AND
ALSO THAT PART OF VACATED FRESNO AVENUE AND VACATED EDGEFIELD AVENUE EAST OF THE CENTERLINE OF THE SAID VACATED DEAL AVENUE). 

  
 8 

 Schedule 2.1.1 

Owned Real Property 
  

 SAID PREMISES ARE ALSO DESCRIBED AS FOLLOWS: 
 LOTS NUMBERS 3 TO 26 INCLUSIVE (VACATED) IN VICTORY PLACE, AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, AS RECORDED IN VOLUME 36 OF PLATS, PAGES 17 AND 18, LUCAS COUNTY, OHIO RECORDS, AND LOTS
NUMBERS 27 TO 33, INCLUSIVE, (VACATED) IN VICTORY PLACE REPLAT AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, AS RECORDED IN VOLUME 41 OF PLATS, PAGE 16, LUCAS COUNTY OHIO RECORDS; ALSO THE EASTERLY 1/2 OF VACATED DEAL AVENUE AND THAT PART
OF VACATED FRESNO AVENUE AND VACATED EDGEFIELD AVENUE EAST OF THE CENTERLINE OF THE SAID VACATED DEAL AVENUE; ALSO 
 THAT PART OF THE WEST 1/2
OF SECTION 8 IN TOWNSHIP 10 SOUTH OF RANGE 8 EAST IN CITY OF OREGON, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: ON THE EAST BY THE NORTH AND SOUTH CENTERLINE OF SAID SECTION 8; ON THE SOUTH BY COUNTY ROAD NUMBER 179 (CEMETERY ROAD OR
PICKLE STREET); ON THE WEST BY THE EAST LINE OF VICTORY PLACE, AND ON THE NORTH BY THE NORTH LINE (AN EXTENSION OF SAME) OF THE SOUTH 83.24 ACRES OF THAT PART OF THE NORTH 1/2 OF SAID SECTION 8 WHICH LIES WESTERLY OF THE INDIAN RESERVE LINE;
EXCEPTING THEREFROM THAT PART THEREOF WHICH LIES EASTERLY OF SAID INDIAN RESERVE LINE, AND ALSO EXCEPTING THEREFROM THAT PART THEREOF CONVEYED BY MORGAN HOLLINGSHEAD AND WIFE TO SPENCER D. CARR, TRUSTEE, (CONDITION THAT SAID PROPERTY SHALL BE USED
FOR CONSTRUCTING, OPERATING AND MAINTAINING RAILWAY TRACKS THEREON) BY DEED RECORDED IN VOLUME 260 OF DEEDS, PAGE 115, LUCAS COUNTY, OHIO, RECORDS. 
 THE ABOVE DESCRIBED PROPERTY IS AS SHOWN ON SURVEY NO. 2728-64, DATED DECEMBER, 1964, AND MADE BY G. M. BARTON SURVEY COMPANY. 
 PRIOR DEED - VOLUME 1877, PAGE 746 
 PART OF PARCEL NO. 44-22537 

PARCEL 9: 
 SITUATE IN THE COUNTY OF LUCAS AND
IN THE STATE OF OHIO, TO-WIT: 
 LOT NUMBER 1 IN WOODVILLE VILLA, A SUBDIVISION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO. 

PRIOR DEED - VOLUME 1751, PAGE 368 
 PART OF
PARCEL NO. 44-75567 

  
 9 

 Schedule 2.1.1 

Owned Real Property 
  

 PARCEL 10: 
 SITUATED IN THE CITY OF OREGON, COUNTY OF LUCAS AND STATE OF OHIO: 
 ALL OF LOTS 2 THROUGH 221,
INCLUSIVE; 
 THE NORTH 53 FEET OF LOTS 222 THROUGH 234, INCLUSIVE; 
 ALL OF LOTS 235 THROUGH 248 INCLUSIVE; 
 THE NORTH 53 FEET OF LOTS 249 THROUGH 255, INCLUSIVE OF
WOODVILLE VILLA, A SUBDIVISION IN THE TOWNSHIP OF OREGON, AS NOW VACATED AND ALL THE STREETS CONTAINED IN WOODVILLE VILLA, NOW VACATED. 
 PRIOR
DEED - 
 VOLUME/PAGE 
 1302/594

 1327/277 
 1585/62 

788/347 
 751/475 

1326/294 
 1333/358 

1585/64 
 1464/4 

1458/365 
 1339/15 

1468/457 
 751/476 

1475/143 
 1535/123 

1577/595 
 1475/207 

PART OF PARCEL NO. 44-22331 
 PARCEL 11:

 LOTS NUMBERS 41 TO 76 INCLUSIVE (VACATED) IN VICTORY PLACE, AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, AS RECORDED IN VOLUME 36 OF
PLATS, PAGES 17 AND 18, LUCAS COUNTY, OHIO RECORDS AND LOTS NUMBERS 34 TO 40, INCLUSIVE, (VACATED) IN VICTORY PLACE REPLAT AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, AS RECORDED IN VOLUME 41 OF PLATS, PAGE 16, LUCAS COUNTY OHIO RECORDS;
ALSO THE WESTERLY 1/2 OF VACATED DEAL AVENUE AND THAT PART OF VACATED FRESNO AVENUE AND VACATED EDGEFIELD AVENUE WEST OF THE CENTERLINE OF THE SAID VACATED DEAL AVENUE. 

  
 10 

 Schedule 2.1.1 

Owned Real Property 
  

 PRIOR DEED - VOLUME 1018, PAGES 260,30,187 AND 193 

VOLUME 1030, PAGE 153 
 VOLUME 1403, PAGE 311

 PART OF PARCEL NO. 44-22331 
 The
above being the same property as described in that certain Title Commitment Issued by First American Title Insurance Company, with an effective date of July 30, 2010 and a Commitment Number of 1670490B, as the same may be modified, amended or
supplemented, and subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 

 

	2.	Refinery West 

 Situated in the City of
Toledo, County of Lucas, State of Ohio, and Described as Follows: 
 LEGAL DESCRIPTION: SUN OIL PARCEL “B” 

BEING A PART OF SECTION 7, TOWN 10 SOUTH, RANGE 8 EAST, ALL OF LOTS 66-89, INCLUSIVE, PART OF LOT 90, AND VACATED STREETS AND ALLEYS ADJACENT THERETO, ALL
OF THE SAME BEING IN RUSSWINCKEL’S ADDITION, AS RECORDED IN VOLUME 19, PAGE 37, LUCAS COUNTY BOOK OF PLATS, CITY OF TOLEDO, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: 
 COMMENCING AT BRASS PLATE MONUMENT AT THE INTERSECTION OF THE EAST LINE OF SECTION 7 AND THE CENTERLINE OF WOODVILLE ROAD, SO CALLED, ALSO KNOWN AS STATE ROUTE 51, SO CALLED. 

THENCE NORTH 01 DEGREE, 23 MINUTES, 48 SECONDS WEST ALONG THE EAST LINE OF SECTION 7 A DISTANCE OF 54.53 FEET TO A POINT ON THE NORTHERLY 42.5-FOOT
RIGHT-OF-WAY OF WOODVILLE ROAD, SAID POINT BEING THE TRUE POINT OF BEGINNING, FROM SAID POINT A SPIKE IS FOUND 0.06 FEET EAST. 
 THENCE NORTH
52 DEGREES, 35 MINUTES, 53 SECONDS WEST ALONG THE NORTHERLY 42.5-FOOT RIGHT-OF-WAY OF WOODVILLE ROAD A DISTANCE OF 54.66 FEET TO A MAGNETIC NAIL SET. 
 THENCE NORTH 01 DEGREE, 51 MINUTES, 41 SECONDS WEST A DISTANCE OF 231.33 FEET TO A DRILLED HOLE SET. 
 THENCE NORTH 01 DEGREE, 33 MINUTES, 31 SECONDS WEST A DISTANCE OF 114.15 FEET TO A MAGNETIC NAIL SET. 
 THENCE NORTH 88 DEGREES, 15 MINUTES, 14 SECONDS EAST A DISTANCE OF 21.92 FEET TO DRILLED HOLE SET. 

  
 11 

 Schedule 2.1.1 

Owned Real Property 
  

 THENCE NORTH 01 DEGREE, 37 MINUTES, 08 SECONDS WEST A DISTANCE OF 64.46 FEET TO A DRILLED HOLE SET.

 THENCE SOUTH 88 DEGREES, 43 MINUTES, 22 SECONDS WEST A DISTANCE OF 103.20 FEET TO A POINT. 

THENCE NORTH 02 DEGREES, 49 MINUTES, 04 SECONDS WEST A DISTANCE OF 237.24 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET. 

THENCE NORTH 62 DEGREES, 21 MINUTES, 57 SECONDS WEST A DISTANCE OF 39.28 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET. 

THENCE NORTH 70 DEGREES, 49 MINUTES, 20 SECONDS WEST A DISTANCE OF 40.51 FEET TO A POINT. 
 THENCE NORTH 84 DEGREES, 38 MINUTES, 47 SECONDS WEST A DISTANCE OF 24.93 FEET TO A POINT. 
 THENCE
SOUTH 89 DEGREES, 44 MINUTES, 37 SECONDS WEST A DISTANCE OF 71.92 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET. 
 THENCE NORTH 45 DEGREES, 17
MINUTES, 53 SECONDS WEST A DISTANCE OF 30.44 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET. 
 THENCE NORTH 01 DEGREE, 11 MINUTES, 41 SECONDS
WEST A DISTANCE OF 64.31 FEET TO 1/2 INCH GALVANIZED STEEL PIPE SET. 
 THENCE NORTH 06 DEGREES, 46 MINUTES, 36 SECONDS WEST A DISTANCE OF 18.76
FEET TO A POINT. 
 THENCE NORTH 48 DEGREES, 26 MINUTES, 30 SECONDS WEST A DISTANCE OF 29.72 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET.

 THENCE SOUTH 41 DEGREES, 11 MINUTES, 32 SECONDS WEST A DISTANCE OF 10.20 FEET TO A POINT ON THE CENTERLINE OF A VACATED ALLEY IN
RUSSWINCKEL’S ADDITION, FROM SAID POINT AN IRON PIPE IS FOUND 0.04 FEET NORTH AND 0.21 FEET EAST. 
 THENCE NORTH 52 DEGREES, 35 MINUTES,
53 SECONDS WEST ALONG THE CENTERLINE OF A VACATED ALLEY A DISTANCE OF 383.96 FEET TO A POINT ON THE SOUTHEAST LINE OF LOT 75 IN RUSSWINCKEL’S ADDITION, FROM SAID POINT A MONUMENT IS FOUND 0.14 FEET WEST. 

THENCE SOUTH 37 DEGREES, 16 MINUTES, 11 SECONDS WEST ALONG THE SOUTHEAST LINE OF LOT 75 A DISTANCE OF 8.00 FEET TO A POINT AT THE SOUTHEAST CORNER OF LOT
75. 

  
 12 

 Schedule 2.1.1 

Owned Real Property 
  

 THENCE NORTH 52 DEGREES, 35 MINUTES, 53 SECONDS WEST ALONG THE SOUTHWEST LINE OF LOT 75 A DISTANCE OF
140.96 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET ON THE SOUTHEAST 50-FOOT RIGHT-OF-WAY OF THE FORMER TOLEDO BELT RAILROAD. 
 THENCE NORTH 33
DEGREES, 29 MINUTES, 53 SECONDS EAST ALONG THE SOUTHEAST 50-FOOT RIGHT-OF-WAY OF THE FORMER TOLEDO BELT RAILROAD A DISTANCE OF 895.31 FEET TO A 1/2 INCH GALVANIZED STEEL PIPE SET AT A POINT OF CURVATURE. 

THENCE TRAVERSING AN ARC TO THE LEFT ALONG THE SOUTHEAST 50-FOOT RIGHT-OF-WAY OF THE FORMER TOLEDO BELT RAILROAD, SAID ARC HAVING A CENTRAL ANGLE OF 16
DEGREES, 41 MINUTES, 53 SECONDS, A RADIUS OF 1959.85 FEET, AN ARC LENGTH OF 571.17 FEET, A TANGENT OF 287.62 FEET, A CHORD BEARING OF NORTH 25 DEGREES, 08 MINUTES, 57 SECONDS EAST AND A CHORD DISTANCE OF 569.15 FEET TO A 1/2 INCH GALVANIZED STEEL
PIPE SET ON THE EAST LINE OF SECTION 7. 
 THENCE SOUTH 01 DEGREE, 23 MINUTES, 48 SECONDS EAST ALONG THE EAST LINE OF SECTION 7 A DISTANCE OF
2403.16 FEET TO THE TRUE POINT OF BEGINNING. 
 CONTAINING 703,556.90 SQUARE FEET OR 16.151 ACRES OF LAND. SUBJECT TO ALL EASEMENTS OF RECORD OR
NOW IN USE. 
 ALL BEARINGS ARE BASED UPON AN ASSUMED MERIDIAN AND ARE FOR THE EXPRESS PURPOSE OF SHOWING ANGULAR MEASUREMENT. 

ALL 1/2 INCH GALVANIZED STEEL PIPE SET BY LEWANDOWSKI ENGINEERS HAVE BEEN MARKED WITH A CAP BEARING THE COMPANY NAME AND P.S. NO. 7476. THE ABOVE
DESCRIPTION IS BASED ON A FIELD SURVEY PERFORMED BY MATTHEW D. LEWANDOWSKI, STATE OF OHIO P.S. NO. 7476 ON NOVEMBER 9, 2001. 
 PRIOR DEED
REFERENCES: VOLUME 364 PAGE 308 AND VOLUME 1588 PAGE 306 
 The above being the same property as described in that certain (i) survey
prepared by Lewandowski Engineers and dated 1/12/11 and (ii) Title Commitment Issued by First American Title Insurance Company, with an effective date of July 30, 2010 and a Commitment Number of 1670490C, as the same may be modified,
amended or supplemented, and subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 

  
 13 

 Schedule 2.1.1 

Owned Real Property 
  

	3.	Tank Farm 

 Situated in the City of
Oregon, County of Lucas, State of Ohio, and is described as follows: 
 PARCEL 1: 
 A PARCEL OF LAND, BOUNDED AND DESCRIBED, AS FOLLOWS: 
 COMMENCING IN THE NORTH LINE OF THE
SOUTHEAST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST IN LUCAS COUNTY AND STATE OF OHIO, AT A POINT 26.52 CHAINS WEST OF THE NORTHEAST CORNER OF SAID 1/4 SECTION; THENCE SOUTH ON A LINE PARALLEL WITH THE EAST LINE OF SAID 1/4 SECTION, 16.25 CHAINS
TO THE INDIAN RESERVE LINE; THENCE SOUTHEASTERLY ON THE INDIAN RESERVE LINE TO A POINT 25 CHAINS SOUTH (DIRECT) FROM THE NORTH LINE OF SAID 1/4 SECTION; THENCE WEST ON A LINE PARALLEL WITH THE SOUTH LINE OF SAID 1/4 SECTION, 18.95 CHAINS TO THE WEST
LINE OF SAID 1/4 SECTION; THENCE NORTH ON THE WEST LINE OF SAID 1/4 SECTION, 22.31 CHAINS TO THE CENTER OF THE PUBLIC HIGHWAY; THENCE NORTHEASTERLY ON THE CENTER LINE OF SAID PUBLIC HIGHWAY 7.06 CHAINS TO THE INTERSECTION OF SAME WITH THE INDIAN
RESERVE LINE AND THE NORTH LINE OF SAID 1/4 SECTION; THENCE EAST ON THE NORTH LINE OF SAID 1/4 SECTION 7.60 CHAINS TO THE PLACE OF COMMENCEMENT; CONTAINING 37.179 ACRES OF LAND. SUBJECT TO AN EASEMENT OVER THE WESTERLY 50 FEET THEREOF, GRANTED TO
THE TOLEDO EDISON COMPANY. 
 PRIOR DEED - VOLUME 765, PAGE 144 
 PART OF PARCEL NO. 44-21751 
 PARCEL 2: 
 THAT PART OF THE SOUTHEAST FRACTIONAL 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: 

COMMENCING IN THE NORTH LINE OF SAID SOUTHEAST 1/4 SECTION AT A POINT 26.52 CHAINS WEST OF THE NORTHEAST CORNER OF SAID 1/4 SECTION; THENCE SOUTH ON A
LINE PARALLEL WITH THE EAST LINE OF SAID 1/4 SECTION 16.25 CHAINS TO THE INDIAN RESERVE LINE; THENCE EAST ON A LINE PARALLEL WITH THE NORTH LINE OF SAID 1/4 SECTION, 6.185 CHAINS; THENCE NORTH ON A LINE PARALLEL WITH THE EAST LINE OF SAID 1/4
SECTION TO THE NORTH LINE OF SAID 1/4 SECTION; THENCE WEST ON THE NORTH LINE OF SAID 1/4 SECTION, TO THE PLACE OF BEGINNING, CONTAINING 10.05 ACRES, MORE OR LESS. 
 PRIOR DEED - VOLUME 781, PAGE 307; VOLUME 782, PAGE 599 AND 601 
 PART OF PARCEL NO. 44-21751

  
 14 

 Schedule 2.1.1 

Owned Real Property 
  

 PARCEL 3: 
 THAT PART OF THE SOUTHEAST FRACTIONAL 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: 

COMMENCING AT A POINT ON THE INDIAN RESERVE LINE, WHERE SAID LINE INTERSECTS A LINE PARALLEL WITH THE NORTH LINE OF SAID 1/4 SECTION, WHICH POINT IS
16.25 CHAINS (OR 1072.5 FEET) SOUTH OF SAID NORTH LINE OF SAID 1/4 SECTION; THENCE EAST ON SAID LINE PARALLEL WITH THE NORTH LINE OF SAID 1/4 SECTION 6.185 CHAINS (OR 408.21 FEET); THENCE SOUTH ON A LINE PARALLEL WITH THE EAST LINE OF SAID 1/4
SECTION 577.5 FEET TO A POINT 25 CHAINS (OR 1650 FEET) DIRECT FROM SAID NORTH LINE OF SAID 1/4 SECTION; THENCE WEST ON A LINE PARALLEL WITH SAID NORTH LINE OF SAID 1/4 SECTION 115.97 FEET TO SAID INDIAN RESERVE LINE; THENCE NORTHWESTERLY ALONG SAID
INDIAN RESERVE LINE 654.75 FEET TO THE PLACE OF BEGINNING, BEING 3.64 ACRES MORE OR LESS. 
 PRIOR DEED - VOLUME 782, PAGE 238 AND 240

 PART OF PARCEL NO. 44-21751 
 PARCEL
4: 
 THE SOUTH 1/2 IN QUANTITY OF THE SOUTHEAST FRACTIONAL 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, LYING EAST OF THE INDIAN RESERVE LINE,
CONTAINING 50 ACRES OF LAND MORE OR LESS; SITUATE IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO; EXCEPTING THEREFROM, HOWEVER, THAT PART THEREOF BOUNDED AND DESCRIBED AS FOLLOWS: 

COMMENCING AT A POINT ON THE INDIAN RESERVE LINE, WHERE SAID LINE INTERSECTS A LINE PARALLEL WITH THE NORTH LINE OF SAID 1/4 SECTION, WHICH POINT IS
16.25 CHAINS (OR 1072.05 FEET) SOUTH OF SAID NORTH LINE OF SAID 1/4 SECTION; THENCE EAST ON SAID LINE PARALLEL WITH THE NORTH LINE OF SAID 1/4 SECTION 6.185 CHAINS (OR 408.21 FEET); THENCE SOUTH ON A LINE PARALLEL WITH THE EAST LINE OF SAID 1/4
SECTION, 577.5 FEET TO A POINT 25 CHAINS (OR 1650 FEET) DIRECT FROM SAID NORTH LINE OF SAID 1/4 SECTION; THENCE WEST ON A LINE PARALLEL WITH SAID NORTH LINE OF SAID 1/4 SECTION, 115.97 FEET TO SAID INDIAN RESERVE LINE; THENCE NORTHWESTERLY ALONG
SAID INDIAN RESERVE LINE 654.75 FEET TO THE PLACE OF BEGINNING. 

  
 15 

 Schedule 2.1.1 

Owned Real Property 
  

 FURTHER EXCEPTING THEREFROM THE FOLLOWING: 
 BEING PART OF THE SOUTHEAST 1/4 OF SECTION 8 IN TOWN 10 SOUTH, RANGE 8 EAST, IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: 

COMMENCING AT A 1” IRON BAR MONUMENT FOUND AT THE INTERSECTION OF THE CENTERLINES OF WHEELING STREET, SO CALLED, AND BROWN ROAD, SO CALLED. SAID
MONUMENT ALSO BEING THE TRUE POINT OF BEGINNING. 
 THENCE NORTH 84 DEGREES, 02 MINUTES, 38 SECONDS WEST ALONG THE CENTERLINE OF BROWN ROAD, A
DISTANCE OF 308.05 FEET TO A POINT. 
 THENCE NORTH 01 DEGREE 36 MINUTES 37 SECONDS WEST, PASSING AN IRON BAR MONUMENT AT 30.26 FEET, AN OVERALL
DISTANCE OF 172.37 FEET TO AN IRON BAR MONUMENT. 
 THENCE NORTH 88 DEGREES 21 MINUTES 02 SECONDS EAST, A DISTANCE OF 34.92 FEET TO AN IRON BAR
MONUMENT. 
 THENCE NORTH 01 DEGREE 48 MINUTES 02 SECONDS WEST, A DISTANCE OF 25.14 FEET TO AN IRON BAR MONUMENT. 

THENCE NORTH 88 DEGREES 19 MINUTES 29 SECONDS EAST, A DISTANCE OF 29.79 FEET TO AN IRON BAR MONUMENT. 

THENCE NORTH 01 DEGREE 34 MINUTES 12 SECONDS WEST, A DISTANCE OF 120.82 FEET TO AN IRON BAR MONUMENT. 

THENCE NORTH 88 DEGREES 17 MINUTES 49 SECONDS EAST, PASSING AN IRON BAR MONUMENT AT 210.23 FEET, AN OVERALL DISTANCE OF 240.23 FEET TO A POINT ON THE
CENTERLINE OF WHEELING STREET. 
 THENCE SOUTH 01 DEGREE 40 MINUTES 41 SECONDS EAST ALONG THE CENTERLINE OF WHEELING STREET, A DISTANCE OF
359.34 FEET TO THE TRUE POINT OF BEGINNING. 
 CONTAINING 94,696.80 SQUARE FEET OR 2.174 ACRES OF LAND, OF WHICH 19,052.53 SQUARE FEET OR 0.437
ACRES OF LAND ARE WITHIN THE PUBLIC ROAD RIGHT-OF-WAY. BEARINGS USED HEREIN ARE BASED UPON AN ASSUMED MERIDIAN AND ARE INTENDED TO INDICATE ANGULAR MEASUREMENT ONLY. THIS LEGAL DESCRIPTION IS BASED UPON A FIELD SURVEY PREPARED BY LEWANDOWSKI
ENGINEERS ON NOVEMBER 15, 2010. 
 PRIOR DEED - VOLUME 955, PAGE 558 
 PART OF PARCEL NO. 44-21751 

  
 16 

 Schedule 2.1.1 

Owned Real Property 
  

 PARCEL 5: 
 THAT PART OF THE SOUTHEAST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, LYING EASTERLY OF THE INDIAN RESERVE LINE, IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, BOUNDED AND
DESCRIBED AS FOLLOWS: 
 BEGINNING AT THE NORTHEAST CORNER OF THE SOUTHEAST 1/4 OF SAID SECTION 8; THENCE WESTERLY ALONG THE EAST AND WEST
CENTER LINE OF SAID SECTION 8, A DISTANCE OF 20.335 CHAINS; THENCE SOUTHERLY ALONG A LINE DRAWN PARALLEL TO THE EAST LINE OF SAID SECTION 8, A DISTANCE OF 16.25 CHAINS; THENCE EASTERLY, ALONG A LINE DRAWN PARALLEL TO THE EAST AND WEST CENTER LINE OF
SAID SECTION 8, A DISTANCE OF 20.335 CHAINS TO A POINT IN THE EAST LINE OF SAID SECTION 8, WHICH IS 16.25 CHAINS SOUTHERLY OF THE POINT OF BEGINNING; THENCE NORTHERLY ALONG THE EAST LINE OF SAID SECTION 8, A DISTANCE OF 16.25 CHAINS TO THE POINT OF
BEGINNING. 
 PRIOR DEED - VOLUME 983, PAGE 555 
 PART OF PARCEL NO. 44-21751 
 PARCEL 6: 
 LOTS NUMBERED 31 TO 45, BOTH INCLUSIVE, 71 TO 84, BOTH INCLUSIVE, 109 TO 132, BOTH INCLUSIVE, IN EASTERN PLAINS, A SUBDIVISION IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO.

 PRIOR DEED - VOLUME 1004, PAGE 116 

PART OF PARCEL NO. 44-21751 
 EXCEPTING
THEREFROM THE FOLLOWING: 
 SITUATED IN THE CITY OF OREGON, COUNTY OF LUCAS, STATE OF OHIO, VIZ: 

THAT PART OF SOUTHWEST 1/4 OF SOUTHEAST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, CITY OF OREGON FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE
PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT IN THE MOST NORTHERLY CORNER OF LOT 70 IN EASTERN PLAINS AND THE SOUTHWESTERLY LINE
OF PIEPER DRIVE; THENCE SOUTHWESTERLY ALONG THE NORTHWESTERLY LINE OF LOT 70 119.49 FEET MORE OR LESS TO A POINT IN THE NORTHWESTERLY CORNER OF LOT 70; THENCE NORTHWESTERLY ALONG THE REAR LOT LINES OF LOTS 48, 47 AND 46 IN EASTERN PLAINS 130 FEET
MORE OR LESS TO A POINT IN THE SOUTH LINE OF DIKE DRIVE; THENCE EASTERLY ALONG THE SOUTH LINE OF DIKE DRIVE 160 FEET MORE OR LESS TO THE POINT OF INTERSECTION OF THE SOUTH LINE OF DIKE DRIVE AND THE SOUTHWESTERLY LINE OF PIEPER DRIVE; THENCE
SOUTHEASTERLY ALONG THE SOUTHWESTERLY LINE OF PIEPER DRIVE 38 FEET MORE OR LESS TO THE POINT OF BEGINNING. (SAID PROPERTY BEING ALL OF THOSE PORTIONS OF THE VACATED LOTS #71, 72 AND 73 LYING SOUTH OF THE SOUTH LINE OF DIKE DRIVE IN EASTERN PLAINS).

  
 17 

 Schedule 2.1.1 

Owned Real Property 
  

 FURTHER EXCEPTING THEREFROM THE FOLLOWING: 
 SITUATED IN THE CITY OF OREGON, COUNTY OF LUCAS, STATE OF OHIO, VIZ: 
 THAT PART OF SOUTHWEST 1/4
OF SOUTHEAST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT IN THE NORTHWESTERLY CORNER OF LOT 46 IN EASTERN PLAINS AND THE NORTHEASTERLY LINE OF RESWICK DRIVE; THENCE NORTHEASTERLY ALONG THE NORTHWESTERLY LINE OF LOT 46 119 FEET MORE OR LESS
TO A POINT IN THE SOUTH LINE OF DIKE DRIVE; THENCE WESTERLY ALONG THE SOUTH LINE OF DIKE DRIVE 160 FEET MORE OR LESS TO THE POINT OF INTERSECTION OF THE SOUTH LINE OF DIKE DRIVE AND THE NORTHEASTERLY LINE OF RESWICK DRIVE; THENCE SOUTHEASTERLY ALONG
THE NORTHEASTERLY LINE OF RESWICK DRIVE 110 FEET MORE OR LESS TO THE POINT OF BEGINNING. (SAID PROPERTY BEING ALL OF THOSE PORTIONS OF THE VACATED LOTS 43, 44 AND 45 LYING SOUTH OF THE SOUTH LINE OF DIKE DRIVE IN EASTERN PLAINS. 

AND FURTHER EXCEPTING THEREFROM THE FOLLOWING: 

SITUATED IN THE CITY OF OREGON, COUNTY OF LUCAS, STATE OF OHIO, VIZ: 
 THAT PART OF SOUTHWEST 1/4 OF SOUTHEAST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

BEGINNING AT A POINT IN THE NORTHWESTERLY CORNER OF LOT 85 IN EASTERN PLAINS AND THE NORTHEASTERLY LINE OF PIEPER DRIVE; THENCE NORTHEASTERLY ALONG THE
NORTHWESTERLY LINE OF LOT 85 125 FEET MORE OR LESS TO THE MOST NORTHERLY CORNER OF LOT 85; THENCE NORTHWESTERLY ALONG THE NORTHEASTERLY LINE OF LOT 85 EXTENDED 18 FEET MORE OR LESS TO A POINT IN THE SOUTH LINE OF DIKE DRIVE; THENCE WESTERLY ALONG
THE SOUTH LINE OF DIKE DRIVE 160 FEET MORE OR LESS TO THE POINT OF INTERSECTION OF THE SOUTH LINE OF DIKE DRIVE AND THE NORTHEASTERLY LINE OF PIEPER DRIVE; THENCE SOUTHEASTERLY ALONG THE NORTHEASTERLY LINE OF PIEPER DRIVE 110 FEET MORE OR LESS TO
THE POINT OF BEGINNING. (SAID PROPERTY BEING ALL OF THOSE PORTIONS OF THE VACATED LOTS 82, 83 AND 84 LYING SOUTH OF THE SOUTH LINE OF DIKE DRIVE IN EASTERN PLAINS.) 

  
 18 

 Schedule 2.1.1 

Owned Real Property 
  

 AND FURTHER EXCEPTING THEREFROM THE FOLLOWING: 
 SITUATED IN THE CITY OF OREGON, COUNTY OF LUCAS, STATE OF OHIO, VIZ: 
 THAT PART OF SOUTHWEST 1/4
OF SOUTHEAST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT THE POINT OF INTERSECTION OF THE SOUTH LINE OF DIKE DRIVE AND THE NORTHWESTERLY LINE OF LOT NUMBER 108 IN EASTERN PLAINS; THENCE SOUTHWESTERLY ALONG THE NORTHWESTERLY LINE OF LOT 108 127 FEET
MORE OR LESS TO A POINT IN THE NORTHWESTERLY CORNER OF LOT 108; THENCE NORTHWESTERLY ALONG THE REAR LOT LINES OF LOTS 86 AND 85 AND LOT 85 EXTENDED NORTHWESTERLY IN EASTERN PLAINS, 80 FEET MORE OR LESS TO A POINT IN THE SOUTH LINE OF DIKE DRIVE;
THENCE EASTERLY ALONG THE SOUTH LINE OF DIKE DRIVE 155 FEET MORE OR LESS TO THE POINT OF BEGINNING. (SAID PROPERTY BEING ALL OF THOSE PORTIONS OF THE VACATED LOTS 109 AND 110 LYING SOUTH OF THE SOUTH LINE OF DIKE DRIVE IN EASTERN PLAINS.)

 AND FURTHER EXCEPTING THEREFROM THE FOLLOWING: 
 A STRIP OF LAND 30 FEET WIDE LYING 15 FEET ON EACH SIDE OF A CENTER LINE WHICH IS 15 FEET NORTHERLY FROM THE NORTHERLY CORNER OF LOT NUMBER 46 OF EASTERN PLAINS SUBDIVISION AND WHICH RUNS PARALLEL TO AND
AT A DISTANCE OF APPROXIMATELY 220.80 FEET FROM THE ORIGINAL NORTHERLY PROPERTY LINE OF EASTERN PLAINS SUBDIVISION - SAID STRIP RUNNING FROM RESWICK DRIVE TO PIEPER DRIVE, HAVING A CENTER LINE DISTANCE OF APPROXIMATELY 321.67 FEET; AND ALSO FROM
PIEPER DRIVE TO GROLL DRIVE, HAVING A CENTER LINE DISTANCE OF APPROXIMATELY 317.38 FEET - ALL LOCATED IN THE SOUTH 1/2 OF THE SOUTHEAST FRACTION OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST (WEST OF THE INDIAN RESERVE LINE), IN OREGON TOWNSHIP, LUCAS
COUNTY, OHIO, AND LYING IN THE LANDS VACATED IN EASTERN PLAINS SUBDIVISION UNDER PROCEEDINGS RECORDED IN VOLUME 1007, PAGE 409, APRIL 6, 1940. 

SAID 30 FOOT STRIP OF LAND SHALL HEREAFTER BE KNOWN AS DIKE DRIVE. 
 The above being the same property as described in that certain Title Commitment Issued by First American Title Insurance Company, with an effective date of July 30, 2010 and a Commitment Number of
1670490E, as the same may be modified, amended or supplemented, and subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be updated prior to Closing, including in connection with the matters described in
Item 5 of Schedule 5.3. 

  
 19 

 Schedule 2.1.1 

Owned Real Property 
  

	4.	No. 2 Storehouse 

 Situated in the
City of Oregon, County of Lucas, State of Ohio, and is described as follows: 
 PARCEL 1: 

SITUATE IN THE COUNTY OF LUCAS, STATE OF OHIO, VIZ: 
 THAT PART OF LOTS 1 AND 2 OF THE SUBDIVISION OF THE DANIEL BLANDIN FARM AND LOTS 1 TO 11 BOTH INCLUSIVE AND THE ALLEY LYING SOUTH OF AND ADJACENT TO SAID LOTS 1 TO 11 IN MAGINNIS PLAT, NOW VACATED, AND
THAT PART OF BLANDON AVENUE, NOW VACATED, AND THAT PART OF THE SOUTHWEST 1/4 OF SECTION 8 TOWN 10 SOUTH, RANGE 8 EAST, ALL SITUATED IN THE CITY OF OREGON, FORMERLY OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 BEGINNING AT A CONCRETE MONUMENT AT THE INTERSECTION OF THE EAST LINE OF THE RIGHT OF WAY OF THE BAY TERMINAL RAILROAD COMPANY AND THE
SOUTHWESTERLY LINE OF WOODVILLE STREET, AND RUNNING THENCE SOUTH 47° 54’ EAST ALONG THE SOUTHWESTERLY LINE OF WOODVILLE STREET A DISTANCE OF 397.86 FEET TO A POINT, THENCE SOUTH 42° 06’ WEST AT RIGHT ANGLES TO WOODVILLE STREET A
DISTANCE OF 102.20 FEET TO A POINT, THENCE SOUTH 47° 54’ EAST ON A LINE THAT IS PARALLEL TO THE SOUTHWESTERLY LINE OF WOODVILLE STREET A DISTANCE OF 141.57 FEET TO THE NORTH LINE OF BLANDON AVENUE, NOW VACATED, THENCE NORTH 89° 21’
EAST ALONG THE NORTH LINE OF SAID BLANDON AVENUE A DISTANCE OF 108.28 FEET TO A POINT THAT IS 440.0 FEET DISTANT FROM THE EAST LINE OF RIGHT OF WAY OF THE BAY TERMINAL RAILROAD COMPANY, THENCE DUE SOUTH ON A LINE THAT IS PARALLEL WITH THE EAST LINE
OF THE RIGHT OF WAY OF THE BAY TERMINAL RAILROAD COMPANY, A DISTANCE OF 186.0 FEET TO A POINT, THENCE NORTH 89° 21’ EAST ON A LINE THAT IS PARALLEL WITH THE NORTH LINE OF SAID BLANDON AVENUE A DISTANCE OF 16.0 FEET TO A POINT, THENCE DUE
SOUTH ON A LINE THAT IS PARALLEL WITH AND 456.0 FEET DISTANT, FROM THE EAST LINE OF THE RIGHT OF WAY OF THE BAY TERMINAL RAILROAD COMPANY A DISTANCE OF 601.00 FEET TO THE SOUTH LINE OF THE NORTH 1/2 OF LOT 2 OF THE SUBDIVISION OF THE DANIEL BLANDIN
FARM, THENCE SOUTH 66° 26’ WEST, ALONG THE SOUTH LINE OF THE NORTH 1/2 OF LOT 2 OF THE SUBDIVISION OF THE DANIEL BLANDIN FARM A DISTANCE OF 497.49 FEET TO THE EAST LINE OF THE RIGHT OF WAY OF THE BAY TERMINAL RAILROAD COMPANY, THENCE DUE
NORTH ALONG THE EAST LINE OF THE RIGHT OF WAY OF THE BAY TERMINAL RAILROAD COMPANY, A DISTANCE OF 1421.98 FEET TO THE PLACE OF BEGINNING. 

PRIOR DEED REF. VOLUME 1454, PAGE 260 
 PARCEL
NO. :44-22681 

  
 20 

 Schedule 2.1.1 

Owned Real Property 
  

 The above being the same property as described in that certain Title Commitment Issued by First American
Title Insurance Company, with an effective date of July 30, 2010 and a Commitment Number of 1670490D, as the same may be modified, amended or supplemented, and subject to all exceptions set forth in such Title Commitment, as such Title
Commitment may be updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 
  

	5.	Hocking Valley Dock (Dock Tank Farm)] 

Situated in the City of Toledo, County of Lucas, State of Ohio, and is described as follows: 
 Being Part of the Northwest Quarter of Section 32, Town 9 South, Range 8 East, in the City of Toledo, Lucas County, Ohio. 
 Commencing at an iron bar monument found at the intersection of the centerlines of Front Street, so called and Consaul Street, so called. 
 Thence North 43 degrees, 21 minutes, 37 seconds East along the centerline of Front Street, a distance of 182.30 feet to a point. 

Thence North 68 degrees, 24 minutes, 10 seconds West, a distance of 61.94 feet to a  1/2” galvanized steel pipe set on the Northwesterly right-of-way
of Front Street, said point also being the true point of beginning. 
 Thence continuing North 68 degrees, 24 minutes, 10 seconds West, a
distance of 123.58 feet to a point. 
 Thence South 43 degrees, 21 minutes, 37 seconds West, a distance of 150.00 feet to an iron bar found on
the Northerly right-of-way of Consaul Street. 
 Thence North 68 degrees, 24 minutes, 10 seconds West along the Northerly right-of-way of
Consaul Street, passing an iron bar monument found at 211.83 feet, an overall distance of 219.24 feet to point on the Northerly right-of-way of Consaul Street. 
 Thence North 51 degrees, 09 minutes, 27 seconds West along the Northerly right-of-way of Consaul Street, a distance of 857.54 feet to a point on the Northerly line of land as conveyed to the City of
Toledo by Lucas County Deed Volume 980, Page 36. 
 Thence North 42 degrees, 26 minutes, 03 seconds West along the Northerly line of land as
conveyed to the City of Toledo, a distance of 36.25 feet to a point on the Maumee River Harbor Line. 
 Thence North 47 degrees, 33 minutes, 57
seconds East along the Maumee River Harbor Line, a distance of 1,794.78 feet to a point. 
 Thence South 46 degrees, 38 minutes, 23 seconds
East, a distance of 195.80 feet to a point. From said point an iron bar can be found 0.05 feet North. 

  
 21 

 Schedule 2.1.1 

Owned Real Property 
  

 Thence South 43 degrees, 21 minutes, 27 seconds West, a distance of 269.47 feet to a found iron bar
monument. 
 Thence South 46 degrees, 36 minutes, 15 seconds East, a distance of 883.54 feet to a point on the Northwesterly right-of-way of
Front Street. From said point an iron bar can be found 0.09 feet North and 0.10 feet West. 
 Thence South 43 degrees, 21 minutes, 37 seconds
West along the Northwesterly right-of-way of Front Street, a distance of 1,156.77 feet to the true point of beginning. 
 Containing
1,726,221.94 square feet or 39.629 acres of land. Bearings used herein are based upon an assumed meridian and are intended to indicate angular measurement only. All 1/2” galvanized steel pipe set are capped with the company name and PLS
No. 7476. This legal description is based upon a field survey prepared by Lewandowski Engineers on January 7, 2011. 
 Parcel
No. 18-65631 
 Prior deed - Vol. 1326, Pg. 510 
 The above being the same property as described in that certain (i) survey prepared by Lewandowski Engineering dated 1/7/11 and (ii) Title Commitment Issued by First American Title Insurance
Company, with an effective date of October 15, 2010 and a Commitment Number of 1670490F, as the same may be modified, amended or supplemented, and subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be
updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 
  

	6.	Hocking Valley Dock (Dock Facility) 

Situated in the City of Toledo, County of Lucas, State of Ohio, and is described as follows: 
 SITUATED IN THE CITY OF TOLEDO, COUNTY OF LUCAS, STATE OF OHIO, AND IS DESCRIBED AS FOLLOWS: 

BEING PART OF LOTS 1, 10 & 11 IN HONES SUBDIVISION AND PART OF THE NORTHWEST QUARTER OF SECTION 32, TOWN 9 SOUTH, RANGE 8 EAST, AND PART OF THE
EAST HALF OF SECTION 31, TOWN 9 SOUTH, RANGE 8 EAST IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO. 
 COMMENCING AT AN IRON BAR MONUMENT FOUND AT
THE INTERSECTION OF THE CENTERLINES OF FRONT STREET, SO CALLED AND CONSAUL STREET, SO CALLED. 

  
 22 

 Schedule 2.1.1 

Owned Real Property 
  

 THENCE NORTH 68 DEGREES, 24 MINUTES, 10 SECONDS WEST, ALONG THE CENTERLINE OF CONSAUL STREET AND ITS
WESTERLY PROLONGATION, A DISTANCE OF 498.54 FEET TO A POINT ON THE SOUTHWESTERLY RIGHT-OF-WAY OF CONSAUL STREET. 
 THENCE SOUTH 51 DEGREES, 09
MINUTES, 27 SECONDS EAST, ALONG THE SOUTHWESTERLY RIGHT-OF-WAY OF CONSAUL STREET, A DISTANCE OF 22.07 FEET TO THE CORNER POST OF A 6’ HIGH CHAINLINK FENCE. SAID LINE BEING THE NORTHERLY LINE OF A PARCEL OF LAND AS CONVEYED TO THE STATE OF OHIO
BY LUCAS COUNTY DEED 03-0034-D11. SAID POINT ALSO BEING THE TRUE POINT OF BEGINNING. 
 THE FOLLOWING 6 COURSES ARE COINCIDENT WITH THE
NORTHERLY AND WESTERLY LINES OF LAND AS CONVEYED TO THE STATE OF OHIO. 
 THENCE SOUTH 55 DEGREES, 53 MINUTES, 09 SECONDS WEST, A DISTANCE OF
619.63 FEET TO A POINT. 
 THENCE SOUTH 51 DEGREES, 17 MINUTES, 43 SECONDS EAST, A DISTANCE OF 39.86 FEET TO A POINT. 

THENCE NORTH 62 DEGREES, 10 MINUTES, 12 SECONDS EAST, A DISTANCE OF 80.03 FEET TO A POINT. 
 THENCE SOUTH 28 DEGREES, 12 MINUTES, 50 SECONDS EAST, A DISTANCE OF 128.75 FEET TO A POINT. 

THENCE SOUTH 61 DEGREES, 25 MINUTES, 48 SECONDS WEST, A DISTANCE OF 118.74 FEET TO A POINT. 
 THENCE SOUTH 27 DEGREES, 18 MINUTES, 56 SECONDS EAST, A DISTANCE OF 88.34 FEET TO A 1/2” GALVANIZED STEEL PIPE SET ON THE NORTHERLY RIGHT-OF-WAY OF FRONT STREET AS CONVEYED TO THE CITY OF TOLEDO BY
LUCAS COUNTY DEED 88-308B04. 
 THENCE SOUTH 54 DEGREES, 55 MINUTES, 13 SECONDS WEST, ALONG THE NORTHERLY RIGHT-OF-WAY OF FRONT STREET AS
CONVEYED TO THE CITY OF TOLEDO, A DISTANCE OF 36.21 FEET TO A 1/2” GALVANIZED STEEL PIPE SET ON THE NORTHERLY RIGHT-OF-WAY OF FRONT STREET. 
 THENCE SOUTH 62 DEGREES, 02 MINUTES, 43 SECONDS WEST, ALONG THE NORTHERLY RIGHT-OF-WAY OF FRONT STREET, A DISTANCE OF 583.73 FEET TO A 1/2
” GALVANIZED STEEL PIPE SET ON THE LIMITED ACCESS RIGHT-OF-WAY OF INTERSTATE 280. 

  
 23 

 Schedule 2.1.1 

Owned Real Property 
  

 THENCE SOUTH 85 DEGREES, 13 MINUTES, 48 SECONDS WEST, ALONG THE LIMITED ACCESS RIGHT-OF-WAY OF
INTERSTATE 280, DISTANCE OF 241.32 FEET TO A 1/2” GALVANIZED STEEL PIPE SET. 
 THENCE NORTH 41 DEGREES, 44 MINUTES, 09 SECONDS WEST, ALONG
THE LIMITED ACCESS RIGHT-OF-WAY OF INTERSTATE 280, A DISTANCE OF 145.89 FEET TO AN IRON PIPE FOUND. 
 THENCE SOUTH 80 DEGREES, 09 MINUTES, 51
SECONDS WEST, ALONG THE LIMITED ACCESS RIGHT-OF-WAY OF INTERSTATE 280, A DISTANCE OF 67.15 FEET TO A 1/2” GALVANIZED STEEL PIPE SET. 

THENCE NORTH 28 DEGREES, 35 MINUTES, 39 SECONDS WEST, ALONG THE LIMITED ACCESS RIGHT-OF-WAY OF INTERSTATE 280, A DISTANCE OF 249.73 FEET TO AN IRON PIPE
FOUND. 
 THENCE CONTINUING NORTH 28 DEGREES, 35 MINUTES, 39 SECONDS WEST, ALONG THE LIMITED ACCESS RIGHT-OF-WAY OF INTERSTATE 280, AND PASSING
A DRILL HOLE SET IN A CONCRETE PAD AT 433.19 FEET, AN OVERALL DISTANCE OF 463.29 FEET TO A POINT ON THE MAUMEE RIVER HARBOR LINE. 
 THENCE
NORTH 56 DEGREES, 33 MINUTES, 11 SECONDS EAST, ALONG THE MAUMEE RIVER HARBOR LINE, A DISTANCE OF 1,261.89 FEET TO A POINT ON THE SOUTHWESTERLY LINE OF A PARCEL OF LAND AS CONVEYED TO THE CITY OF TOLEDO BY LUCAS COUNTY DEED VOLUME 980, PAGE 36 AND
SAID POINT ALSO BEING DESIGNATED AS “ASH-EAST” BY THE UNITED STATES ARMY CORPS OF ENGINEERS. 
 THENCE SOUTH 51 DEGREES, 09 MINUTES,
27 SECONDS EAST, ALONG THE SOUTHWESTERLY LINE LAND AS CONVEYED TO THE CITY OF TOLEDO, A DISTANCE OF 456.93 FEET TO A POINT ON THE SOUTHWESTERLY LINE OF A PARCEL OF LAND AS CONVEYED TO NATIONAL MALLEABLE STEEL AND CASTINGS COMPANY BY LUCAS COUNTY
DEED VOLUME 658, PAGE 252. 
 THENCE SOUTH 42 DEGREES, 26 MINUTES, 03 SECONDS EAST, ALONG THE SOUTHWESTERLY LINE OF LAND AS CONVEYED TO NATIONAL
MALLEABLE STEEL AND CASTINGS COMPANY, A DISTANCE OF 233.71 FEET TO A POINT ON THE WESTERLY PROLONGATION OF THE CENTERLINE OF CONSAUL STREET. 

THENCE SOUTH 68 DEGREES, 24 MINUTES, 10 SECONDS EAST, ALONG THE WESTERLY PROLONGATION OF THE CENTERLINE OF CONSAUL STREET AND BEING THE SOUTHWESTERLY
LINE OF LAND AS CONVEYED TO NATIONAL MALLEABLE STEEL AND CASTINGS COMPANY, A DISTANCE OF 129.68 FEET TO A POINT ON THE SOUTHWESTERLY RIGHT-OF-WAY OF CONSAUL STREET. 

  
 24 

 Schedule 2.1.1 

Owned Real Property 
  

 THENCE SOUTH 51 DEGREES, 09 MINUTES, 27 SECONDS EAST, ALONG THE SOUTHWESTERLY RIGHT-OF-WAY OF CONSAUL
STREET, A DISTANCE OF 22.07 FEET TO THE TRUE POINT OF BEGINNING. 
 CONTAINING 1,315,616.23 SQUARE FEET OR 30.202 ACRES OF LAND. BEARINGS USED
HEREIN ARE BASED UPON AN ASSUMED MERIDIAN AND ARE INTENDED TO INDICATE ANGULAR MEASUREMENT ONLY. ALL 1/2” GALVANIZED STEEL PIPE SET ARE CAPPED WITH THE COMPANY NAME AND PLS NO. 7476. THIS LEGAL DESCRIPTION IS BASED UPON A FIELD SURVEY
PREPARED BY LEWANDOWSKI ENGINEERS ON JANUARY 7, 2011. 
 PARCEL NO. 18-65572; 18-63887; 18-63864 AND 18-63911 

PRIOR DEED - 78-687C04; RE-RECORDED 79-190A01 

PARCEL 2 
 A PARCEL OF LAND BEING PART OF LOT 13
IN “HONE’S SUBDIVISION”, AND PART OF LOTS 18, 19 AND 21 IN “WILSON ADDITION”, IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO, SAID PARCEL OF LAND BEING BOUNDED AND DESCRIBED AS FOLLOWS: 

COMMENCING AT THE INTERSECTION OF THE CENTERLINE OF FRONT STREET WITH THE CENTERLINE OF CONSAUL STREET; THENCE IN A SOUTHWESTERLY DIRECTION ALONG THE
SAID CENTERLINE OF FRONT STREET, HAVING AN ASSUMED BEARING OF S 63° 07’ 03’ W A MEASURED DISTANCE OF 1111.13 FEET AND A RECORD DISTANCE OF 1111.30 FEET TO THE INTERSECTION OF A LINE AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY
DEED RECORDS; THENCE S 26° 52’ 57” E, ALONG SAID LINE AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY DEED RECORDS, A DISTANCE OF 33.00 FEET TO A POINT ON THE SOUTHWESTERLY RIGHT OF WAY LINE OF SAID FRONT STREET; THENCE S 26°
35’ 16” E ALONG SAID LINE AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY DEED RECORDS, A DISTANCE OF 100.00 FEET TO THE INTERSECTION OF THE SOUTHEASTERLY RIGHT OF WAY LINE OF I-280, AS DESCRIBED IN VOLUME 1545, PAGE 121, LUCAS COUNTY
DEED RECORDS; THENCE S 36° 26’ 43” W ALONG SAID SOUTHEASTERLY RIGHT OF WAY LINE OF I-280, AS DESCRIBED IN VOLUME 1545, PAGE 121, LUCAS COUNTY DEED RECORDS, A MEASURED DISTANCE OF 171.16 FEET AND A RECORD DISTANCE OF 171.06 FEET TO THE
INTERSECTION OF THE SOUTHWESTERLY LINE OF PROPERTY OWNED BY THE HARVARD LUMBER COMPANY, AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY DEED RECORDS, SAID INTERSECTION ALSO BEING THE POINT OF BEGINNING; THENCE S 26° 35’ 16” E ALONG
SAID SOUTHWESTERLY LINE OF PROPERTY OWNED BY THE HARVARD LUMBER COMPANY, AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY DEED RECORDS, A MEASURED DISTANCE OF 1253.47 FEET, AND A RECORD DISTANCE OF 1258.47 FEET TO THE INTERSECTION OF THE

  
 25 

 Schedule 2.1.1 

Owned Real Property 
  

 
SOUTHEASTERLY LINE OF SAID PROPERTY OWNED BY THE HARVARD LUMBER COMPANY, AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY DEED RECORDS; THENCE N 64° 18’ 24” E ALONG SAID
SOUTHEASTERLY LINE OF PROPERTY OWNED BY THE HARVARD LUMBER COMPANY, AS DESCRIBED IN VOLUME 2610, PAGE 91, LUCAS COUNTY DEED RECORDS, A MEASURED AND RECORD DISTANCE OF 153.02 FEET TO THE INTERSECTION OF THE SOUTHWESTERLY LINE OF PROPERTY OWNED BY
ASHLAND OIL COMPANY, AS DESCRIBED IN VOLUME 1598, PAGE 219, LUCAS COUNTY DEED RECORDS; THENCE S 26° 35’ 16” E ALONG SAID NORTHWESTERLY LINE OF PROPERTY OWNED BY ASHLAND OIL COMPANY AS DESCRIBED IN VOLUME 1598, PAGE 219, LUCAS COUNTY
DEED RECORDS, A MEASURED AND RECORD DISTANCE OF 390.55 FEET TO THE INTERSECTION OF THE NORTHWESTERLY RIGHT OF WAY LINE OF THE WHEELING AND LAKE ERIE RAILROAD; THENCE S 62° 44’ 59” W ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE OF THE
WHEELING AND LAKE ERIE RAILROAD, A MEASURED AND RECORD DISTANCE OF 276.55 FEET TO THE INTERSECTION OF THE NORTHEASTERLY LINE OF PROPERTY OWNED BY CITIES SERVICE OIL COMPANY, AS DESCRIBED IN VOLUME 1575, PAGE 224, LUCAS COUNTY DEED RECORDS, SAID
INTERSECTION ALSO BEING A RECORD DISTANCE OF 200.45 FEET NORTHEASTERLY OF THE CENTERLINE OF CROGHAN STREET, AS MEASURED ALONG THE SAID NORTHWESTERLY RIGHT OF WAY LINE OF THE WHEELING AND LAKE ERIE RAILROAD; THENCE N 26° 50’ 26” W ALONG
SAID NORTHEASTERLY LINE OF PROPERTY OWNED BY CITIES SERVICE OIL COMPANY, AS DESCRIBED IN VOLUME 1575, PAGE 224, LUCAS COUNTY DEED RECORDS, A MEASURED DISTANCE OF 846.93 FEET AND A RECORD DISTANCE OF 847.11 FEET TO AN ANGLE POINT IN THE SAID
NORTHEASTERLY LINE OF PROPERTY OWNED BY CITIES SERVICE OIL COMPANY, AS DESCRIBED IN VOLUME 1575, PAGE 224, LUCAS COUNTY DEED RECORDS; THENCE N 36° 40’ 47” W, ALONG SAID NORTHEASTERLY LINE OF PROPERTY OWNED BY CITIES SERVICE OIL
COMPANY, AS DESCRIBED IN VOLUME 1575, PAGE 224, LUCAS COUNTY DEED RECORDS, A MEASURED AND RECORD DISTANCE OF 312.44 FEET TO AN ANGLE POINT IN THE SAID NORTHEASTERLY LINE OF PROPERTY OWNED BY CITIES SERVICE OIL COMPANY, AS DESCRIBED IN VOLUME 1575,
PAGE 224, LUCAS COUNTY DEED RECORDS; THENCE N 30° 15’ 24” W ALONG SAID NORTHEASTERLY LINE OF PROPERTY OWNED BY CITIES SERVICE OIL COMPANY, AS DESCRIBED IN VOLUME 1575, PAGE 224, LUCAS COUNTY DEED RECORDS, A MEASURED AND RECORD DISTANCE
OF 303.79 FEET TO THE INTERSECTION OF THE SAID SOUTHEASTERLY RIGHT OF WAY LINE OF I-280, AS DESCRIBED IN VOLUME 1545, PAGE 121, LUCAS COUNTY DEED RECORDS; THENCE N 19° 48’ 06” E ALONG SAID SOUTHEASTERLY RIGHT OF WAY LINE OF I-280, AS
DESCRIBED IN VOLUME 1545, PAGE 121, LUCAS COUNTY DEED RECORDS, A DISTANCE OF 278.24 FEET TO THE POINT OF BEGINNING, CONTAINING 291215 SQUARE FEET, OR 6.685 ACRES OF LAND, MORE OR LESS. 
 PARCEL NO. 07-38214 
 PRIOR DEED - 78-687C04; RE-RECORDED 79-190A01 

  
 26 

 Schedule 2.1.1 

Owned Real Property 
  

 The above being the same property as described in that certain (i) survey prepared by Lewandoski
Engineering and dated 1/7/11 and (ii) Title Commitment Issued by First American Title Insurance Company, with an effective date of October 15, 2010 and a Commitment Number of 1670490G, as the same may be modified, amended or supplemented,
and subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 

 

	7.	Pipeline Link (between main refinery site and tank farm) 

 Situated in the City of Oregon, County of Lucas, State of Ohio, and is described as follows: 

PARCEL 1: 
 THAT PART OF THE NORTHEAST 1/4 OF THE
SOUTHWEST 1/4 OF SECTION 8, TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON CITY, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: 
 ON THE SOUTH BY
THE NORTH LINE OF LOT NUMBER 105 IN KETCHAM’S LITTLE FARMS, AN ADDITION IN OREGON CITY, LUCAS COUNTY, OHIO; ON THE NORTHWEST BY THE SOUTHEAST LINE OF PICKLE STREET; ON THE NORTHEAST BY A LINE WHICH RUNS SOUTHEASTWARDLY AT RIGHT ANGLES TO THE
SOUTHEASTERLY LINE OF PICKLE STREET AND WHOSE POINT OF INTERSECTION WITH SAID STREET LINE LIES 467.1 FEET SOUTHWESTERLY FROM THE WEST LINE OF THE RIGHT OF WAY OF THE TOLEDO TERMINAL RAILROAD MEASURED ALONG THE SOUTHEASTERLY LINE OF PICKLE STREET;
AND ON THE SOUTHWEST BY A LINE WHICH IS PARALLEL TO AND 100 FEET FROM THE NORTHEAST BOUNDARY LINE ABOVE DESCRIBED. 
 PRIOR DEED - VOLUME 1030,
PAGE 27 
 PARCEL NO. 44-22607 
 PARCEL
2: 
 SITUATED IN THE CITY OF OREGON, COUNTY OF LUCAS AND STATE OF OHIO AND KNOWN AS BEING LOT NOS. 26, 27 AND 105 AND THE NORTH 80 FEET OF LOT
NOS. 28, 29 AND 30 IN KETCHAM’S LITTLE FARMS AN ADDITION IN THE CITY OF OREGON, LUCAS COUNTY, OHIO. 
 PRIOR DEEDS - VOLUME 1018, PAGES
188, 190 AND 437; VOLUME 1897, PAGE 319 
 PARCEL NO.S. 44-65131; 44-65137; 44-65157 
 PARCEL 3: 
 THAT PART OF THE NORTHEAST QUARTER (1/4) OF THE SOUTHWEST QUARTER (1/4) OF
SECTION EIGHT (8), TOWN TEN (10) SOUTH, RANGE EIGHT (8) EAST IN THE CITY OF OREGON, LUCAS COUNTY, OHIO, BOUNDED AND DESCRIBED AS FOLLOWS: ON THE SOUTH BY THE NORTH LINE OF LOT NUMBER ONE HUNDRED FIVE (105) IN KETCHAM’S LITTLE
FARMS, AN ADDITION IN THE CITY OF OREGON, 

  
 27 

 Schedule 2.1.1 

Owned Real Property 
  

 
LUCAS COUNTY, OHIO: ON THE NORTHWEST BY THE SOUTHEAST LINE OF PICKLE STREET, ON THE NORTHEAST BY THE SOUTHWEST LINE OF A PARCEL OF LAND CONVEYED BY HARRY TIEDTKE TO MARY T. GILLET, BY DEED
RECORDED IN VOLUME 352 OF DEEDS, PAGE 305, LUCAS COUNTY, OHIO RECORDS, AND ON THE SOUTHWEST BY A LINE PARALLEL WITH AND SEVENTY-ONE (71) FEET SOUTHWESTERLY OF SAID NORTHEASTERLY LINE HEREINBEFORE DESCRIBED. 

THE NORTHEAST LINE OF THE PARCEL HEREBY CONVEYED BEING AT RIGHT ANGLES WITH PICKLE STREET, AND THREE HUNDRED NINETY SIX POINT ONE (396.1) FEET
SOUTHWEST OF THE INTERSECTION WITH THE WEST LINE OF THE RIGHT OF WAY OF THE TOLEDO TERMINAL R. RY COMPANY AS MEASURED ALONG THE SOUTHEAST LINE OF SAID STREET. 
 PRIOR VOLUME 98-39C12 
 PARCEL NO. 44-22611 

The above being the same property as described in that certain Title Commitment Issued by First American Title Insurance Company, with an effective date
of October 15, 2010 and a Commitment Number of 1670490H, as the same may be modified, amended or supplemented, and subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be updated prior to Closing, including
in connection with the matters described in Item 5 of Schedule 5.3. 
  

	8.	Railroad parcels 

 Situated in the City of
Oregon, County of Lucas, State of Ohio, and is described as follows: 
 ALL THAT CERTAIN PIECE OR PARCEL OF LAND BEING PART OF THE SOUTHWEST 1/4
OF SECTION 8 AND PART OF FRACTIONAL SECTION 17, TOWN 10 SOUTH, RANGE 8 EAST, SITUATE IN THE CITY OF OREGON, COUNTY OF LUCAS AND STATE OF OHIO BEING MORE PARTICULARLY BOUNDED AND DESCRIBED ACCORDING TO A PLAT OF SURVEY PREPARED BY LEONARD MASON JR.,
OHIO L.S. NO. 5416 OF G. M. BARTON SURVEY CO., SURVEY NO. 378-82 DATED AUGUST 1982 REVISED TO NOVEMBER 19, 1982 AS FOLLOWS: 
 BEGINNING AT THE
INTERSECTION OF THE SOUTHWESTERLY LINE OF WOODVILLE ROAD (60 FEET WIDE) AND THE WEST LINE OF THE SOUTHWEST 1/4 OF SAID SECTION 8; THENCE SOUTH 00° 30’ 51” EAST ALONG THE WEST LINE OF THE SOUTHWEST 1/4 OF SAID SECTION 8, AND ALSO BEING
ALONG THE WEST LINE OF A 50.00 FOOT STRIP OF LAND THAT WAS FORMERLY OWNED BY THE BAY TERMINAL RAILROAD COMPANY, A DISTANCE OF 2510.24 FEET, MORE OR LESS, TO THE SOUTHWEST CORNER OF THE SOUTHWEST 1/4 OF SAID SECTION 8, ALSO BEING THE CENTERLINE OF
OAKDALE AVENUE (60.00 FEET WIDE); THENCE SOUTH 00° 28’ 01” EAST ALONG THE WEST LINE OF SAID FRACTIONAL SECTION 17, AND ALSO BEING ALONG THE WESTERLY LINE OF SAID 50.00 FOOT STRIP OF

  
 28 

 Schedule 2.1.1 

Owned Real Property 
  

 
LAND FORMERLY OWNED BY THE BAY TERMINAL RAILROAD COMPANY, A DISTANCE OF 1207.08 FEET TO A FOUND CONCRETE MONUMENT AT A POINT OF CURVE; THENCE SOUTHEASTERLY ALONG A CIRCULAR CURVE TO THE LEFT, OR
EAST, HAVING A RADIUS OF 435.30 FEET FOR AN ARC DISTANCE OF 67.47 FEET TO A MONUMENT ON A LINE THAT IS 90.00 FEET BY RECTANGULAR MEASUREMENT NORTHEASTERLY OF THE CENTERLINE OF THE ORIGINAL SOUTHWESTERLY MAIN TRACK OF RAILROAD OF CONSOLIDATED RAIL
CORPORATION (FORMERLY PENN CENTRAL TRANSPORTATION COMPANY) KNOWN AS THE MAIN LINE BUFFALO TO CHICAGO AND IDENTIFIED AS LINE CODE 3600 IN THE RECORDS OF THE UNITED STATES RAILWAY ASSOCIATION, SAID LAST DESCRIBED ARC FORMING AN INTERIOR ANGLE OF
08° 52’ 52”; THENCE SOUTH 46° 56’ 46” EAST ALONG SAID LINE THAT IS 90.00 FEET BY RECTANGULAR MEASUREMENT NORTHEASTERLY OF THE CENTERLINE OF THE ORIGINAL SOUTHWESTERLY MAIN TRACK OF SAID CONSOLIDATED RAIL CORPORATION, A
DISTANCE OF 93.81 FEET TO A CONCRETE MONUMENT; THENCE NORTHWESTERLY ALONG A CIRCULAR CURVE TO THE RIGHT, OR NORTH, HAVING A RADIUS OF 385.30 FEET DRAWN TANGENT TO A LINE THAT IS PARALLEL TO AND 50.00 FEET DISTANCE EASTERLY FROM SAID WEST LINE OF
FRACTIONAL SECTION 17 FOR AN ARC DISTANCE OF 134.75 FEET TO A CONCRETE MONUMENT AT THE POINT OF TANGENT, SAID LAST DESCRIBED ARC SUBTENDING A CENTRAL ANGLE OF 20° 00’ 14”; THENCE NORTH 00° 28’ 01” WEST ALONG A LINE THAT
IS 50.00 FEET BY RECTANGULAR MEASUREMENT EASTERLY OF AND PARALLEL WITH THE WEST LINE OF SAID FRACTIONAL SECTION 17, A DISTANCE OF 1207.09 FEET TO A POINT ON THE NORTH LINE OF SAID FRACTIONAL SECTION 17, (ALSO BEING THE SOUTHERLY LINE OF THE
SOUTHWEST 1/4 OF SAID SECTION 8), ALSO BEING THE CENTERLINE OF OAKDALE AVENUE (60.00 FEET WIDE); THENCE NORTH 00° 30’ 51” WEST ALONG A LINE THAT IS 50.00 FEET BY RECTANGULAR MEASUREMENT EASTERLY OF AND PARALLEL WITH THE WEST LINE OF
THE SOUTHWEST 1/4 OF SAID SECTION 8, A DISTANCE OF 1047.39 FEET, MORE OR LESS, TO THE SOUTHWESTERLY CORNER OF A PARCEL OF LAND CONVEYED TO SUN OIL COMPANY BY WARRANTY DEED VOLUME 1454, PAGE 260, LUCAS COUNTY RECORDS; THENCE NORTH 00° 30’
51” WEST ALONG A LINE THAT IS 50.00 FEET BY RECTANGULAR MEASUREMENT, EASTERLY OF AND PARALLEL WITH, THE WEST LINE OF THE SOUTHWEST 1/4 OF SAID SECTION 8, AND ALSO BEING THE WEST LINE OF SAID PARCEL OF LAND RECORDED IN VOLUME 1454 DEEDS, PAGE
260, A DISTANCE OF 1418.96 FEET, MORE OR LESS, TO A CONCRETE MONUMENT ON SAID SOUTHWESTERLY RIGHT OF WAY LINE OF WOODVILLE ROAD; THENCE NORTH 49° 13’ 00” WEST ALONG THE SAID SOUTHWESTERLY RIGHT OF WAY LINE OF WOODVILLE ROAD, A DISTANCE
OF 66.55 FEET, MORE OR LESS, TO THE POINT OF BEGINNING. 
 CONTAINING 4.355 ACRES OF LAND, MORE OR LESS. 

THE BEARINGS REFERRED TO HEREON ARE BASED UPON AN ASSUMED MERIDIAN AND ARE USED ONLY FOR THE PURPOSE OF DESCRIBING ANGULAR MEASUREMENT. 

  
 29 

 Schedule 2.1.1 

Owned Real Property 
  

 PRIOR DEED - 83-146A01 
 PARCEL NOS. 44-21752 AND 44-33317 
 The above being the same property as described in that certain
Title Commitment Issued by First American Title Insurance Company, with an effective date of October 15, 2010 and a Commitment Number of 1670490J, as the same may be modified, amended or supplemented, and subject to all exceptions set forth in
such Title Commitment, as such Title Commitment may be updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 
  

	9.	Flood Parcels 

 Situated in the City of
Toledo, County of Lucas, State of Ohio, and is described as follows: 
 PARCEL 1: 
 SITUATED IN THE CITY OF TOLEDO, COUNTY OF LUCAS, AND STATE OF OHIO: 
 AND KNOWN AS BEING LOT NOS.
84, 85, 86, 87, 88, 89, 90, 91 AND 92 IN NAVARRE HILLS, AN ADDITION IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO. 
 EXCEPTING THEREFROM THE
FOLLOWING: 
 SITUATE IN THE CITY OF TOLEDO, COUNTY OF LUCAS, STATE OF OHIO, TO WIT: 
 THE WEST 25’ OF LOT 92 IN “NAVARRE HILLS” SUBDIVISION IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO. 
 PRIOR DEEDS - VOLUME 1966, PAGE 354; VOLUME 1975, PAGE 204; VOLUME 1966, PAGE 354; VOLUME 1384, PAGE 603 AND VOLUME 1386, PAGE 539 
 PARCEL NOS. 
 11-01187 
 11-01191 
 11-01194 
 11-01197 
 PARCEL 2: 
 SITUATED IN THE CITY OF TOLEDO, COUNTY OF LUCAS, STATE OF OHIO, TO WIT: LOT NUMBER 55 IN NAVARRE HILLS, AN ADDITION IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO. 

  
 30 

 Schedule 2.1.1 

Owned Real Property 
 PRIOR DEED - VOLUME 1966, PAGE 526 
 PARCEL NO. 11-01107 

PARCEL 3: 
 SITUATED IN THE CITY OF TOLEDO,
COUNTY OF LUCAS, STATE OF OHIO, TO WIT: LOT NUMBER 56 IN NAVARRE HILLS, AN ADDITION IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO. 
 PRIOR DEED -
VOLUME 1966, PAGE 353 
 PARCEL NO. 11-0111 
 PARCEL 4: 
 SITUATED IN THE CITY OF TOLEDO, COUNTY OF LUCAS, STATE OF OHIO, TO WIT: LOT NUMBER 57
IN NAVARRE HILLS, AN ADDITION IN THE CITY OF TOLEDO, LUCAS COUNTY, OHIO. 
 PRIOR DEED - VOLUME 1966, PAGE 353 

PARCEL NO. 11-01114 
 The above being the same
property as described in that certain Title Commitment Issued by First American Title Insurance Company, with an effective date of November 11, 2010 and a Commitment Number of 1670490I, as the same may be modified, amended or supplemented, and
subject to all exceptions set forth in such Title Commitment, as such Title Commitment may be updated prior to Closing, including in connection with the matters described in Item 5 of Schedule 5.3. 

 

	10.	Pipeline Parcels 

 Those parcels of Owned
Real Property under or upon which the following pipelines, owned by Seller run: 6” Fuel Oil (16-233) and 8” Fuel Oil (16-234) pipelines, which parcels are included in the descriptions above. 

  
 31 

 Schedule 2.1.2 

Leased Real Property 
 Property leased by Seller, as lessor, pursuant to the following lease agreements: 
  

	1.	Land Lease and Grant of Easement dated June 30, 1998 by and between Seller (as successor in interest to Sun Company, Inc. (R&M)), as lessor, and Two LLC, as
lessee, affecting the main refinery site, as amended. 

  

	2.	Ground Lease dated as of September 20, 2004 by and between Seller, as lessor, and Linde Gas North America LLC as successor to BOC Americas (PGS), Inc., as lessee,
affecting the main refinery site. 

  

	3.	Lease Agreement dated February 8, 1954 (as Amended) by and between Seller (as successor in interest to The Chesapeake and Ohio Railway Company), as lessor, and
Wolverine Pipe Line Company, as lessee, affecting certain owned pipeline parcel(s). 

  

	4.	Lease Agreement dated September 24, 1986 (as amended) by and between Seller, as lessor, and Mid-Valley Pipeline Company and Marathon Pipe Line Company, as
co-lessees, affecting the tank farm site. 

  

	5.	Lease Agreement dated August 1, 1991 by and between Seller, as lessor, and Dri-Car-To Corporation, as lessee, affecting the no. 2 storehouse site.

  

	6.	Lease Agreement dated April 1, 1994 by and between Seller, as lessor, and Sun Federal Credit Union, as lessee, affecting the main refinery site.

  

	7.	Lease Agreement dated June 27, 2007 by and between Seller and Lamar Companies, affecting main refinery site and the Hocking Valley Dock site.

  

	8.	Easement and Assignment Agreement dated April 4, 2001 by and between Seller (as successor in interest to Pilkington North America, Inc. and The Ohio Fuel Gas
Company), as lessor/grantor, and Toro Energy of Ohio, LLC, as lessee/grantee, affecting certain railroad parcels. 

  

	9.	Lease Agreement dated June 17, 1953 (as amended) by and between Seller (as successor in interest to Sun Oil Company), as lessor, and Sun Pipe Line Company, as
lessee, affecting the tank farm site. Note: This lease affects the Pump Station described on Schedule 2.2.22 and will be included with the conveyance of the Pump Station as described on Schedule 2.2.22.

  

	10.	Commercial Real Estate Lease Agreement dated October     , 2009 by and between Seller and Woodville Road Center, LLC. 

Property leased by Seller, as lessee, pursuant to the following lease agreements: 

 

	11.	Lease Agreement dated November 18, 2010, as amended, by and between Sunoco Partners Marketing & Terminals L.P., as lessor, and Seller, as lessee relating
to portions of the building known as the Toledo Terminal. 

  
 32 

 Schedule 2.1.2 

Leased Real Property 
  

	12.	Transportation Contract REG-NS-C-171 effective July 1, 2000 by and between Seller and Norfolk Southern Railway Company relating to the use of “Bone Yard”
tracks. 

  
 33 

 Schedule 2.1.3 

Easements 
  

	1.	All easements, rights of way, licenses and other agreements granting Seller rights necessary for the use of the 6” Fuel Oil (16-233) and 8” Fuel Oil (16-234)
pipelines (the “Transferred Pipelines”) as set forth in that certain Title Commitment Issued by First American Title Insurance Company, with an effective date of December 15, 2010 and a Commitment Number of 1670490K.

  

	2.	Certain license agreements and/or railroad crossing agreements by and between Seller and CSX Railroad benefiting the Owned Real Property and/or the Transferred
Pipelines. 

  

	3.	Certain license agreements and/or railroad crossing agreements by and between Seller and Norfolk Southern Railroad benefiting the Owned Real Property and/or the
Transferred Pipelines. 

  

	4.	Reversionary rights of Seller pursuant to that Quit Claim Deed recorded January 22, 2003 as Instrument Number 030034D11 transferring I-280 Scenic Observation Site
at Hocking Valley Dock Facility (the “OHDOT Parcel”). 

  

	5.	ODOT Agreement No. 11583 by and between Seller and State of Ohio, Department of Transportation relating to the OHDOT Parcel. 

  
 34 

 Schedule 2.1.7 

Licenses and Permits 
  

	1.	Radio Station Authorization: Federal Communications Commissions Wireless Telecommunications Bureau authorizations to transmit radio signals at certain listed distances
and frequencies. The Seller has the following separate authorizations: 

  

									
	 Call Sign
	  	FRN #	 	 	Expiration Date	 
	 WNM1726
	  	 	0003264694	* 	 	 	08-10-2013	  
	 KQD259
	  	 	0003264694	  	 	 	01-10-2021	  
	 KB69624
	  	 	0003264694	  	 	 	11-29-2013	  
	 WNF1987
	  	 	0003264694	  	 	 	03-27-2015	  
	 WNLZ790
	  	 	0003264694	  	 	 	06-16-2013	  
	 WEF448
	  	 	0003264694	  	 	 	06-30-2019	  
	 WNEU445
	  	 	0003264694	  	 	 	06-30-2019	  
	 WPWF812
	  	 	0006174510	  	 	 	11-06-2012	  
	 WPVS288
	  	 	0005380969	  	 	 	08-08-2012	  
	 WPWF812
	  	 	0006174510	  	 	 	11-06-2012	  
	 WQGG730
	  	 	0018547042	  	 	 	10-12-2017	  

  

	*	This FCC number has multiple frequencies associated with its registration that have varying expiration dates. 

 

	2.	Pressure Vessel Registration: All of the Seller’s pressure vessels at the Facility are registered with the National Board. The ongoing inspection program is in
place for these vessels and is based upon API 510 which permits the use of RBI 580/581. 

  

	3.	Boiler Certifications: All of the Seller’s boilers at the facility require separate certificates of operation from the State of Ohio. The Seller is currently
compliant with all these certifications. 

  

																					
	 Sunoco
 Boiler #
	  	National
Board #	 	  	Ohio State #	 	  	Next Due
Date	 	  	Pressure
Rating, psi	 	  	Notes	 
	 H-2103
	  	 	023410	  	  	 	156822	  	  	 	9/30/2014	  	  	 	650	  	  	 	FCC CO	  
	 H-2104
	  	 	023409	  	  	 	156821	  	  	 	9/30/2014	  	  	 	650	  	  	 	Boilers	  
	 H-3302
	  	 	000295	  	  	 	211604	  	  	 	9/30/2014	  	  	 	600	  	  	 	SRU #1	  
	 H-3402
	  				  	 	804103	  	  				  				  	 	SRU #2 	* 

  

	*	The refinery has not yet received this certificate from the State, this Boiler was started up in late 2009 and the follow up documentation has not yet arrived. There
were no recommendations made as a result of the inspection with the State. The State Inspector did give the Ohio State # over the phone. 

  
 35 

 Schedule 2.1.7 

Licenses and Permits 
  

	4.	Radiation – Sealed Sources License: The Seller is licensed to use sealed radiation sources at the Facility by the Ohio Department of Health. These are used for lab
testing equipment and Positive Material Identification (PMI) inspections. 

  

					
	License Number:	  	03122490002	  	 
	Expiration Date:	  	9/1/2011	  	
			
	License Number:	  	15-G-04323-002	  	
	Expiration Date:	  	7/31/2011	  	

  

	5.	Foreign Trade Zone – Approval of Subzone 8H Activation from U.S. Customs and Border Protection dated November 15, 2005. 

 

	6.	Reference is made to Schedule 4.1.8.7. 

  
 36 

 Schedule 2.1.10 

Prepayments 

None. 

  
 37 

 Schedule 2.1.11(A) 

Owned Intellectual Property 
 Various proprietary Books and Records including operating procedures, maintenance procedures, quality procedures, and plant drawings. 

  
 38 

 Schedule 2.1.11(B) 

Licensed Intellectual Property 
  

	1.	Manufacturing Applications 

  

									
	 App ID #
	  	 Application

Name
	  	 Application Description
	  	 Functional Area
	  	 License

Type

	RS&C-766	  	WeatherLink	  	Weather station data acquisition interface	  	HES&S	  	Custom App
					
	RS&C-802	  	Jinitiator	  	Client tool needed to access SQL*LIMS	  	Lab information management	  	Site
					
	RS&C-809	  	LimsLink	  	Tool for automatic transfer of instrument data to the Lims system.	  	Lab information management	  	Site
					
	RS&C-810	  	Sql*LIMS	  	 LIMS Laboratory Management Information
 System
	  	Lab information management	  	Site
					
	RS&C-811	  	Template Automation 4.1	  	Tool to assist in loading LIMS Template data	  	Lab information management	  	Site
					
	RS&C-897	  	Ccure - R&S	  	Access Control System	  	Access Control System, Fire Pumps, Alarms, Contractor’s gatescans & Expirations	  	Site
					
	RS&C-906	  	EMPAC 8.6	  	Asset Management System - CMMS	  	Asset Management, Materials Management, Accounts Payable	  	Concurrent
					
	RS&C-907	  	EMPAC Security Manager (Separate from EMPAC)	  	Empac Security Module	  	Asset Management, Materials Management, Accounts Payable	  	Concurrent

  

	2.	Infrastructure 

  

					
	 Application Name
	  	 Comment
	  	 Location of Server

	Microsoft Office & Client Access License	  	Office Professional	  	Desktop
			
	Microsoft Visio	  	Drawing	  	Desktop
			
	Sophos	  	Desktop Anti Virus	  	Desktop
			
	XP	  	Operating System	  	Toledo
			
	Windows Server	  	Operating System	  	Toledo
			
	Citrix Server	  		  	Toledo
			
	Altiris Desktop Agent	  	Inventory & deployment agent	  	Desktop

  
 39 

 Schedule 2.1.11(B) 

Licensed Intellectual Property 
  

					
	Safeguard Easy (Utimaco)	  	Encryption	  	Laptop
	IBM Pcomm	  	Terminal Services Package for Mainframe	  	Desktop
	Adobe Writer Standard	  	PDF Writer	  	Desktop

  

	3.	Process Licenses 

  

					
	 Process
	  	 Description
	  	 Licensed From

	SCANfining-I Process	  	Process for catalytic hydrogenation of petroleum or like distillates or naphthas feeds to remove impurities such as sulfur and nitrogen while minimizing the hydrogenation of
olefinic and aromatic compounds.	  	ExxonMobile Research and Engineering Company (EMRE)
			
	Shell Power Recovery	  	Power Recovery Train at the FCC	  	Shell
			
	TPA Howe-Baker Process	  	Sulfur recovery and tail gas treating technology	  	TPA Howe-Baker, Ltd

  
 40 

 Schedule 2.1.12 

Idle Assets 
  

	1.	Idled Plants 

 Plant 5 Propane
Deasphalting Unit 
 Plant 5 Vacuum Tower/Heater/Vac Skid 

Plant 9 Hydrogen Plant (Furnace/Shift Reactors/Methanator/Catacarb System) 

Plant 4 Gasoline Merox Caustic Treater 
 Plant 4 Gasoline Merichem Caustic Treater 
 Plant 4 Jet Merichem Caustic Treater

 Plant 3 Tar Separator Tower 
 Plant 6 Hydrogen PSA Unit 
  

	2.	Idled Equipment not Associated with Idled Plants 

 FCC Slurry settler (decommissioned and OOS since mid 90’s) 
 FCC ESP’s
(taken OOS following 2009 T/A) 
  

	3.	Idled Underground Storage Tanks  

 None. 
  

	4.	Idled Pipelines 

 6”
Fuel Oil (16-233) Pipeline from Refinery to Hocking Valley Dock 

  
 41 

 Schedule 2.1.14 

Owned and Leased Vehicles 
  

	1.	Leased Vehicles 

  

									
	 Sunoco Vehicle No.
	 	 Year
	 	 Make Name
	 	 (Body) Title / Type
	 	 Vehicle Identification
Number

	 05008
	 	2005	 	CHEVROLET	 	IMPALA	 	2G1WF52EX59219052
	 06082
	 	2006	 	CHEVROLET	 	IMPALA	 	2G1WB58K469233250
	 00397
	 	2000	 	FORD	 	RANGER	 	1FTYR10V9YPA62896
	 00398
	 	2000	 	FORD	 	RANGER	 	1FTYR10V0YPA62897
	 08068
	 	2008	 	FORD	 	ESCAPE	 	1FMCU02Z88KC01749
	 05007
	 	2005	 	FORD	 	RANGER	 	1FTYR10U45PA44468
	 05262
	 	2005	 	FORD	 	RANGER	 	1FTYR10U65PB04699
	 06090
	 	2006	 	FORD	 	RANGER	 	1FTYR14U16PA54399
	 03242
	 	2003	 	FORD	 	RANGER	 	1FTYR14U63TA46334
	 02113
	 	2002	 	DODGE	 	CARAVAN	 	1B4GP25B12B644109
	 05134
	 	2005	 	DODGE	 	CARAVAN	 	1D4GP45R65B329258
	 06143
	 	2006	 	DODGE	 	CARAVAN	 	1D4GP25R46B621335
	 03014
	 	2003	 	FORD	 	EXPLORER	 	1FMZU72K33UA90868
	 09131
	 	2009	 	DODGE	 	GRAND CARAVAN	 	2D8HN11E29R615271
	 09132
	 	2009	 	DODGE	 	GRAND CARAVAN	 	2D8HN11E49R615272
	 00395
	 	2000	 	FORD	 	F150	 	1FTZF1729YNA69190
	 00396
	 	2000	 	FORD	 	F150	 	1FTZF1720YNA69191
	 02005
	 	2002	 	FORD	 	F150	 	1FTRF17252NA26716
	 02006
	 	2002	 	FORD	 	F150	 	1FTRF17272NA26717
	 02007
	 	2002	 	FORD	 	F150	 	1FTRF17292NA26718
	 02009
	 	2002	 	FORD	 	F150	 	1FTRF17222NA26723
	 02010
	 	2002	 	FORD	 	F150	 	1FTRF17282NA26726
	 02011
	 	2002	 	FORD	 	F150	 	1FTRF17262NA26725
	 06000
	 	2006	 	FORD	 	FREESTAR	 	2FMZA51606BA13953
	 06091
	 	2006	 	FORD	 	FREESTAR	 	2FTZA54626BA46288
	 01237
	 	2001	 	FORD	 	F150	 	1FTRX17WX1NB94897
	 01238
	 	2001	 	FORD	 	F150	 	1FTRX17W81NB86281
	 01239
	 	2001	 	FORD	 	F150	 	1FTRF17W71NB86274
	 02008
	 	2002	 	FORD	 	F150	 	1FTRF17202NA26722
	 02063
	 	2002	 	FORD	 	F150	 	1FTRF17232NA65417
	 03042
	 	2003	 	FORD	 	F150	 	2FTRF17253CB10770
	 03089
	 	2003	 	FORD	 	F150	 	1FTRF18203NA88010
	 03090
	 	2003	 	FORD	 	F150	 	1FTRF18223NA88011
	 03202
	 	2003	 	FORD	 	F150	 	2FTRF17233CA92804
	 03243
	 	2003	 	FORD	 	F150	 	2FTRF17273CB10897

  
 42 

 Schedule 2.1.14 

Owned and Leased Vehicles 
  

									
	 Sunoco Vehicle No.
	 	 Year
	 	 Make Name
	 	 (Body) Title / Type
	 	 Vehicle Identification
Number

	 03244
	 	2003	 	FORD	 	F150	 	2FTRF17253CB10896
	 03245
	 	2003	 	FORD	 	F150	 	2FTRF17233CB10895
	 03246
	 	2003	 	FORD	 	F150	 	2FTRF17213CB10894
	 03247
	 	2003	 	FORD	 	F150	 	2FTRF17293CB10769
	 03248
	 	2003	 	FORD	 	F150	 	2FTRF17273CB10768
	 03249
	 	2003	 	FORD	 	F150	 	2FTRF17203CB10899
	 03250
	 	2003	 	FORD	 	F150	 	2FTRF17293CB10898
	 03251
	 	2003	 	FORD	 	F150	 	2FTRF172X3CB10893
	 04132
	 	2004	 	FORD	 	F150 HERITAGE	 	2FTRF17294CA60537
	 03091
	 	2003	 	FORD	 	F150	 	1FTRX18W43NA88012
	 05228
	 	2005	 	FORD	 	F150	 	1FTRF12205NB65163
	 05276
	 	2005	 	FORD	 	F150	 	1FTRF122X5KF10992
	 00362
	 	1995	 	FORD	 	ECONOLINE	 	1FTEE14Y9SHA65947
	 05256
	 	2005	 	FORD	 	F150	 	1FTRX12W75NB75432
	 06055
	 	2006	 	FORD	 	F150	 	1FTRX12W46FA26293
	 06061
	 	2006	 	FORD	 	F150	 	1FTRX12W96FA35474
	 06062
	 	2006	 	FORD	 	F150	 	1FTRX12W66FA40759
	 06266
	 	2006	 	FORD	 	F150	 	1FTRX12W96FB22484
	 06303
	 	2006	 	FORD	 	F150	 	1FTRX12W36FB37661
	 09139
	 	2009	 	CHEVROLET	 	SILVERADO	 	1GCEK19C89Z192375
	 09140
	 	2009	 	CHEVROLET	 	SILVERADO	 	1GCEK19C59Z192379
	 08069
	 	2008	 	FORD	 	F150	 	1FTRX14W68FA48540
	 08129
	 	2008	 	CHEVROLET	 	SUBURBAN	 	1GNFK16318J189752
	 02012
	 	2002	 	FORD	 	F250	 	1FTNF20L52EA42986
	 02013
	 	2002	 	FORD	 	F250	 	1FTNF20L72EA42987
	 02014
	 	2002	 	FORD	 	F250	 	1FTNF20L92EA42988
	 02015
	 	2002	 	FORD	 	F250	 	1FTNF20L02EA42989
	 02016
	 	2002	 	FORD	 	F250	 	1FTNF20L72EA42990
	 02017
	 	2002	 	FORD	 	F250	 	1FTNF20L92EA42991
	 02018
	 	2002	 	FORD	 	F250	 	1FTNF20L02EA42992
	 06056
	 	2006	 	FORD	 	F250	 	1FTNF205X6EB71779
	 06057
	 	2006	 	FORD	 	F250	 	1FTNF20586EB71778
	 06058
	 	2006	 	FORD	 	F250	 	1FTNF20516EB69886
	 05184
	 	2005	 	FORD	 	F250	 	1FTSW20595EC96970
	 06003
	 	2006	 	FORD	 	F250	 	1FTSW20516EA99440
	 05243
	 	2005	 	CHEVROLET	 	SILVERADO	 	1GCHC24UX5E305003
	 05244
	 	2005	 	CHEVROLET	 	SILVERADO	 	1GCHC24U95E303405

  
 43 

 Schedule 2.1.14 

Owned and Leased Vehicles 
  

									
	 Sunoco Vehicle No.
	 	 Year
	 	 Make Name
	 	 (Body) Title / Type
	 	 Vehicle Identification
Number

	 05245
	 	2005	 	CHEVROLET	 	SILVERADO	 	1GCHK24U55E307339
	 02108
	 	2002	 	FORD	 	ECONOLINE	 	1FTSE34L02HA84891
	 00351
	 	1994	 	FORD	 	F350	 	2FDKF38G8RCA76027
	 00359
	 	1995	 	FORD	 	F350	 	2FDKF37H7SCA30429
	 00360
	 	1995	 	FORD	 	F350	 	2FDKF37HXSCA31624
	 00361
	 	1995	 	FORD	 	F350	 	2FDKF37H5SCA30428
	 02061
	 	2002	 	FORD	 	F350	 	1FDWF36S02EB59573
	 03252
	 	2003	 	FORD	 	F350	 	1FDWF36S23ED73210
	 05246
	 	2005	 	CHEVROLET	 	SILVERADO	 	1GBJC34U25E309686
	 05247
	 	2005	 	CHEVROLET	 	SILVERADO	 	1GBJC34U95E307627
	 05248
	 	2005	 	CHEVROLET	 	SILVERADO	 	1GBJC34U15E306908
	 05186
	 	2005	 	FORD	 	F350	 	1FDWF32505EC96971
	 08189
	 	2008	 	FORD	 	F350	 	1FDWF36Y38EE53773
	 08190
	 	2008	 	FORD	 	F350	 	1FDWF36Y58EE53774
	 08191
	 	2008	 	FORD	 	F350	 	1FDWF36Y78EE53775
	 08192
	 	2008	 	FORD	 	F350	 	1FDWF36Y98EE53776
	 00399
	 	2000	 	FORD	 	F650	 	3FDWF6585YMA49208
	 09100
	 	2009	 	FORD	 	F750	 	3FRXF75C49V134915
	 05181
	 	2005	 	FORD	 	F150	 	1FTRF122X5NB43929
	 05182
	 	2005	 	FORD	 	F150	 	1FTRF12265NB43930
	 05183
	 	2005	 	FORD	 	F150	 	1FTRF12285NB43931
	 05192
	 	2005	 	FORD	 	F150	 	1FTRF12205NB48802
	 05205
	 	2005	 	FORD	 	F150	 	1FTRF12255NB60864
	 05206
	 	2005	 	FORD	 	F150	 	1FTRF12235NB60863
	 05207
	 	2005	 	FORD	 	F150	 	1FTRF12215NB60862
	 05208
	 	2005	 	FORD	 	F150	 	1FTRF122X5NB60861
	 05220
	 	2005	 	FORD	 	F150	 	1FTRF12255NB60878
	 05221
	 	2005	 	FORD	 	F150	 	1FTRF12235NB60877
	 05222
	 	2005	 	FORD	 	F150	 	1FTRF12265NB60873
	 05223
	 	2005	 	FORD	 	F150	 	1FTRF12245NB60872
	 05224
	 	2005	 	FORD	 	F150	 	1FTRF12225NB60871
	 05225
	 	2005	 	FORD	 	F150	 	1FTRF12205NB60870
	 05226
	 	2005	 	FORD	 	F150	 	1FTRF12215NB60876
	 05227
	 	2005	 	FORD	 	F150	 	1FTRF122X5NB60875
	 05275
	 	2005	 	FORD	 	F150	 	1FTRF12215KF10993
	 05277
	 	2005	 	FORD	 	F150	 	1FTRF12285KF10991
	 05278
	 	2005	 	FORD	 	F150	 	1FTRF12265KF10990

  
 44 

 Schedule 2.1.14 

Owned and Leased Vehicles 
  

									
	 Sunoco Vehicle No.
	 	 Year
	 	 Make Name
	 	 (Body) Title / Type
	 	 Vehicle Identification
Number

	 05280
	 	2005	 	FORD	 	F150	 	1FTRF12285KF10988
	 05282
	 	2005	 	FORD	 	F150	 	1FTRX12W65FB69972
	 06268
	 	2006	 	FORD	 	F150	 	1FTRW14W76FB17879
	 05219
	 	2005	 	CHEVROLET	 	EXPRESS	 	1GCGG25V351230689
	 03013
	 	2003	 	FORD	 	ECONOLINE WAGON	 	1FBNE31L03HA53227
	 06001
	 	2006	 	FORD	 	F250	 	1FTSW20536EA99438
	 06002
	 	2006	 	FORD	 	F250	 	1FTSW20556EA99439
	 05188
	 	2005	 	FORD	 	F350	 	1FDWF32525EC96972

  

	2.	Owned Vehicles 

  

									
	 Sunoco Vehicle #
	 	 Year
	 	 Vehicle Make
	 	 Model
	 	 VIN Number

	 208
	 	1980	 	CHEVY	 	HAZMAT	 	C17DDAV110548
	 T-6
	 	1985	 		 	HAXMAT-TRAILER	 	1P9C714D6ML017018
	 189
	 	1989	 	FORD	 	LN 700 at storehouse	 	1FDXR72P2JVA28325
	 T-7
	 	1994	 	HMD	 	COMM. TRAILER	 	1N9FM10S9P1010002
	 T-2
	 	1994	 	MOON	 	BOAT TRAILER	 	4GUBP202XRC000532
	 LAB
	 	1997	 	FORD	 	MOBILE VAN	 	1FDLF47G6VEB64753
	 T-4
	 	2000	 	RON	 	RIVER BOOM TRAILER	 	00UT612SA35SM0480
	 T-5
	 	2000	 	HMD	 	ENCLOSED BOOM TR.	 	4TCSS1108YHX22145
	 MAINT
	 	2001	 	FLTB	 	TRAILER	 	00UT612SA355M0480
	 ENG 1
	 	2002	 	E-ONE	 	FIRE ENGINE	 	4ENGAAA8621004766
	 UNIT 12
	 	Unknown	 	FORD-800	 	STAKEBED(FOAM)	 	F80FV212925
	 ENG 10
	 	Unknown	 	PIERCE	 	FIRE ENGINE LADDER	 	10T9M9DX2BI0I9756
	 ENG 11
	 	Unknown	 	WHITEGMC	 	FIRE ENG.-CHUBB FOAM	 	4V2ACBUF6KN621932
	 (Unit 6)
	 	2008	 	Ford F-350 Superduty	 	Fire Marshal	 	1FDWW36Y48EB24192
	 Unit 9
	 	1996	 	Ford	 	Fire Engine-Mini Pumper	 	1FDLF47FXTEA49853
	 Trailer 6
	 	1985	 	Unknown	 	Spill Response	 	1P9C714D6ML017018
	 Trailer 8
	 	Unknown	 	Unknown	 	Terminator Foam	 	1N9FM10S7P1010001
	 T-1
	 	2004	 	HMD	 	LOUISVILLE TRAILER	 	none
	 T-3

BOAT #1

BOAT #2
	 	 1985
 Unknown
 Unknown
	 	 HMD
 SEA ARK
 SEA ARK
	 	 CREEK BOOM TRAILER

26 FT LOUISVILLE

18 FT SUN
	 	 none
 SAMA02165090 SAB02311F494

  

	3.	 The railcars set forth in the amended and restated attachment hereto, which railcars relate to certain contracts set forth on Schedule 2.2.6.1 

 
  

	1 	 Number of railcars actually transferred will be subject to (i) the procedures set forth in Section 2.5(b) of the Agreement and
(ii) Sections 2 and 3 of Schedule 5.3. 

  
 45 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Refinery Railfleet 11/18/2010 
  

																											
	 Count of Product
	 	  	 	 	  	Monthly	 	  	Annual	 
	 lessor_no
	  	Rider	 	  	Expires	 	  	 Product
	  	Rent	 	  	Total	 	  	$	 	  	$	 
	 ARL
	  	 	000002	  	  	 	9/30/2011	  	  	Toluene	  	 	450	  	  	 	3	  	  	$	1,350	  	  	$	16,200	  
		  	 	000008	  	  	 	1/31/2013	  	  	Benzene	  	 	701	  	  	 	30	  	  	$	21,030	  	  	$	252,360	  
	 GATX
	  	 	000009	  	  	 	12/31/2013	  	  	Nonene	  	 	615	  	  	 	6	  	  	$	3,690	  	  	$	44,280	  
		  				  				  	Propylene Tetramer	  	 	615	  	  	 	2	  	  	$	1,230	  	  	$	14,760	  
		  				  				  	Toluene	  	 	615	  	  	 	1	  	  	$	615	  	  	$	7,380	  
		  	 	000041	  	  	 	10/31/2013	  	  	Nonene	  	 	605	  	  	 	22	  	  	$	13,310	  	  	$	159,720	  
		  				  				  	Propylene Tetramer	  	 	605	  	  	 	15	  	  	$	9,075	  	  	$	108,900	  
		  				  				  	Xylene	  	 	605	  	  	 	1	  	  	$	605	  	  	$	7,260	  
		  	 	000044	  	  	 	3/31/2014	  	  	Nonene	  	 	620	  	  	 	7	  	  	$	4,340	  	  	$	52,080	  
		  				  				  	Propylene Tetramer	  	 	620	  	  	 	3	  	  	$	1,860	  	  	$	22,320	  
		  	 	000062	  	  	 	5/31/2013	  	  	Nonene	  	 	580	  	  	 	7	  	  	$	4,060	  	  	$	48,720	  
		  				  				  	Propylene Tetramer	  	 	580	  	  	 	8	  	  	$	4,640	  	  	$	55,680	  
		  	 	000078	  	  	 	5/31/2014	  	  	Nonene	  	 	590	  	  	 	3	  	  	$	1,770	  	  	$	21,240	  
		  				  				  	Toluene	  	 	590	  	  	 	1	  	  	$	590	  	  	$	7,080	  
		  	 	000103	  	  	 	11/30/2013	  	  	Propylene Tetramer	  	 	605	  	  	 	3	  	  	$	1,815	  	  	$	21,780	  
		  				  				  	Xylene	  	 	605	  	  	 	1	  	  	$	605	  	  	$	7,260	  
		  	 	000108	  	  	 	7/31/2014	  	  	Nonene	  	 	590	  	  	 	7	  	  	$	4,130	  	  	$	49,560	  
		  				  				  	Propylene Tetramer	  	 	590	  	  	 	6	  	  	$	3,540	  	  	$	42,480	  
		  				  				  	Toluene	  	 	590	  	  	 	3	  	  	$	1,770	  	  	$	21,240	  
		  	 	000119	  	  	 	6/30/2013	  	  	Toluene	  	 	355	  	  	 	35	  	  	$	12,425	  	  	$	149,100	  
	 GE
	  	 	000082	  	  	 	3/31/2012	  	  	Nonene	  	 	374	  	  	 	1	  	  	$	374	  	  	$	4,488	  
		  				  				  	Toluene	  	 	374	  	  	 	16	  	  	$	5,984	  	  	$	71,808	  
		  				  				  	Xylene	  	 	374	  	  	 	18	  	  	$	6,732	  	  	$	80,784	  
	 TRIN
	  	 	000005	  	  	 	12/31/2013	  	  	Nonene	  	 	595	  	  	 	1	  	  	$	595	  	  	$	7,140	  
		  				  				  	Toluene	  	 	595	  	  	 	12	  	  	$	7,140	  	  	$	85,680	  
		  				  				  	Xylene	  	 	595	  	  	 	12	  	  	$	7,140	  	  	$	85,680	  
		  	 	000008	  	  	 	9/30/2013	  	  	Ppmix	  	 	750	  	  	 	15	  	  	$	11,250	  	  	$	135,000	  
		  	 	000013	  	  	 	12/31/2013	  	  	Toluene	  	 	675	  	  	 	20	  	  	$	13,500	  	  	$	162,000	  
		  	 	000012	  	  	 	2/28/2013	  	  	Xylene	  	 	675	  	  	 	1	  	  	$	675	  	  	$	8,100	  
	 UTLX
	  	 	000160	  	  	 	5/31/2011	  	  	Toluene	  	 	550	  	  	 	5	  	  	$	2,750	  	  	$	33,000	  
		  				  				  	Xylene	  	 	550	  	  	 	2	  	  	$	1,100	  	  	$	13,200	  
		  	 	000165	  	  	 	11/30/2011	  	  	Nonene	  	 	475	  	  	 	9	  	  	$	4,275	  	  	$	51,300	  
		  				  				  	Toluene	  	 	475	  	  	 	1	  	  	$	475	  	  	$	5,700	  
		  				  				  	Xylene	  	 	475	  	  	 	1	  	  	$	475	  	  	$	5,700	  
		  	 	000182	  	  	 	8/31/2013	  	  	Nonene	  	 	502	  	  	 	1	  	  	$	502	  	  	$	6,024	  
		  				  				  	Toluene	  	 	502	  	  	 	13	  	  	$	6,526	  	  	$	78,312	  
		  				  				  	Xylene	  	 	502	  	  	 	6	  	  	$	3,012	  	  	$	36,144	  
		  	 	000185	  	  	 	3/31/2014	  	  	Toluene	  	 	550	  	  	 	1	  	  	$	550	  	  	$	6,600	  
		  				  				  	Xylene	  	 	550	  	  	 	3	  	  	$	1,650	  	  	$	19,800	  
		  	 	000196	  	  	 	7/31/2015	  	  	Toluene	  	 	575	  	  	 	19	  	  	$	10,925	  	  	$	131,100	  
		  				  				  	Xylene	  	 	575	  	  	 	3	  	  	$	1,725	  	  	$	20,700	  
		  	 	000197	  	  	 	8/31/2015	  	  	Toluene	  	 	575	  	  	 	17	  	  	$	9,775	  	  	$	117,300	  
		  				  				  	Xylene	  	 	575	  	  	 	3	  	  	$	1,725	  	  	$	20,700	  
		  	 	000200	  	  	 	7/31/2013	  	  	Benzene	  	 	650	  	  	 	3	  	  	$	1,950	  	  	$	23,400	  
		  	 	000206	  	  	 	4/30/2013	  	  	Nonene	  	 	515	  	  	 	1	  	  	$	515	  	  	$	6,180	  
		  				  				  	Toluene	  	 	515	  	  	 	7	  	  	$	3,605	  	  	$	43,260	  
		  	 	000208	  	  	 	12/31/2013	  	  	Benzene	  	 	730	  	  	 	35	  	  	$	25,550	  	  	$	306,600	  
		  	 	000210	  	  	 	5/31/2011	  	  	Nonene	  	 	355	  	  	 	2	  	  	$	710	  	  	$	8,520	  
		  				  				  	Toluene	  	 	355	  	  	 	21	  	  	$	7,455	  	  	$	89,460	  
		  				  	 	6/30/2013	  	  	Toluene	  	 	355	  	  	 	17	  	  	$	6,035	  	  	$	72,420	  
		  				  				  		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Grand Total
	  				  				  		  				  	 	430	  	  	$	237,125	  	  	$	2,845,500	  
		  				  				  		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 46 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																									
	 car_init
	  	car_no	 	  	 Product
	  	car type	 	  	lessor_no	  	Rider	 	  	Rent	 	  	Expires	 
	 SHPX
	  	 	201620	  	  	Toluene	  	 	23.5	  	  	ARL	  	 	000002	  	  	 	450	  	  	 	9/30/2011	  
	 SHPX
	  	 	201627	  	  	Toluene	  	 	23.5	  	  	ARL	  	 	000002	  	  	 	450	  	  	 	9/30/2011	  
	 SHPX
	  	 	201628	  	  	Toluene	  	 	23.5	  	  	ARL	  	 	000002	  	  	 	450	  	  	 	9/30/2011	  
	 SHPX
	  	 	209418	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209419	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209420	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209421	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209422	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209423	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209424	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209425	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209426	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209427	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209428	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209429	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209430	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209431	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209432	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209433	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209434	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209435	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209436	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209437	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209438	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209439	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209440	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209441	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209442	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209443	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209444	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209445	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209446	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 SHPX
	  	 	209447	  	  	Benzene	  	 	25.5	  	  	ARL	  	 	000008	  	  	 	701	  	  	 	1/31/2013	  
	 GATX
	  	 	050632	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050637	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050630	  	  	Nonene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050631	  	  	Nonene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050633	  	  	Nonene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050634	  	  	Nonene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050636	  	  	Nonene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050639	  	  	Nonene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	050638	  	  	Toluene	  	 	30	  	  	GATX	  	 	000009	  	  	 	615	  	  	 	12/31/2013	  
	 GATX
	  	 	029624	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029625	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029626	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029628	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029629	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029639	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029641	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029644	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029645	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029970	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029971	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029973	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029978	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  

  
 47 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																									
	 GATX
	  	 	029981	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029985	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029627	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029630	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029631	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029632	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029633	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029634	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029638	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029640	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029642	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029643	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029646	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029648	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029649	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029650	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029969	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029974	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029976	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029977	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029980	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029982	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029983	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029984	  	  	Nonene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	029647	  	  	Xylene	  	 	30	  	  	GATX	  	 	000041	  	  	 	605	  	  	 	10/31/2013	  
	 GATX
	  	 	080121	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080124	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080129	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	029540	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080119	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080120	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080122	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080123	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080128	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	080130	  	  	Nonene	  	 	30	  	  	GATX	  	 	000044	  	  	 	620	  	  	 	3/31/2014	  
	 GATX
	  	 	081882	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081884	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081886	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081888	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081889	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081891	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081892	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081893	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081881	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081883	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081885	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081887	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081890	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081894	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	081895	  	  	Nonene	  	 	30	  	  	GATX	  	 	000062	  	  	 	580	  	  	 	5/31/2013	  
	 GATX
	  	 	080328	  	  	Nonene	  	 	30	  	  	GATX	  	 	000078	  	  	 	590	  	  	 	5/31/2014	  
	 GATX
	  	 	080329	  	  	Nonene	  	 	30	  	  	GATX	  	 	000078	  	  	 	590	  	  	 	5/31/2014	  
	 GATX
	  	 	080401	  	  	Nonene	  	 	30	  	  	GATX	  	 	000078	  	  	 	590	  	  	 	5/31/2014	  
	 GATX
	  	 	080404	  	  	Toluene	  	 	30	  	  	GATX	  	 	000078	  	  	 	590	  	  	 	5/31/2014	  
	 GATX
	  	 	029671	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000103	  	  	 	605	  	  	 	11/30/2013	  
	 GATX
	  	 	030400	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000103	  	  	 	605	  	  	 	11/30/2013	  

  
 48 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																									
	 GATX
	  	 	080167	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000103	  	  	 	605	  	  	 	11/30/2013	  
	 GATX
	  	 	080168	  	  	Xylene	  	 	30	  	  	GATX	  	 	000103	  	  	 	605	  	  	 	11/30/2013	  
	 GATX
	  	 	029943	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029988	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029989	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029990	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	030295	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	098836	  	  	Propylene Tetramer	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029942	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029986	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029987	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029994	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029995	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	098830	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	098832	  	  	Nonene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029991	  	  	Toluene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	029993	  	  	Toluene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	098834	  	  	Toluene	  	 	30	  	  	GATX	  	 	000108	  	  	 	590	  	  	 	7/31/2014	  
	 GATX
	  	 	80567	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	80569	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202083	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202086	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202087	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202091	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202093	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202097	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202098	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202100	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202103	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202106	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202107	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202108	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202111	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202112	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202113	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202114	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202115	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202116	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202118	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202119	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202120	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202121	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202123	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202124	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202129	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202130	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202131	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202133	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202137	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202143	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202150	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	202196	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 GATX
	  	 	205531	  	  	Toluene	  	 	30	  	  	GATX	  	 	000119	  	  	 	355	  	  	 	6/30/2013	  
	 NATX
	  	 	280017	  	  	Nonene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280037	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280039	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  

  
 49 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																									
	 NATX
	  	 	280044	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280049	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280057	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280059	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280061	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280063	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280064	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280071	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280074	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280075	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280080	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280086	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280090	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280091	  	  	Toluene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280005	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280022	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280025	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280027	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280029	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280032	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280035	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280038	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280040	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280043	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280045	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280046	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280048	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280054	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280056	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280076	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280084	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 NATX
	  	 	280085	  	  	Xylene	  	 	28	  	  	GE	  	 	000082	  	  	 	374	  	  	 	3/31/2012	  
	 TILX
	  	 	280621	  	  	Nonene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280632	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280633	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280640	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280651	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280653	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280658	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280661	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280664	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280665	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280670	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280674	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280612	  	  	Toluene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280620	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280624	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280627	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280630	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280631	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280634	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280644	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280647	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280654	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280656	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	280663	  	  	Xylene	  	 	28	  	  	TRIN	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  

  
 50 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																											
	 TILX
	  	 	280679	  	  	Xylene	  	 	28	  	  	 	TRIN	  	  	 	000005	  	  	 	595	  	  	 	12/31/2013	  
	 TILX
	  	 	303430	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303431	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303432	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303433	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303434	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303435	  	  	Ppmix	  	 	400W	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303436	  	  	Ppmix	  	 	400W	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303437	  	  	Ppmix	  	 	400W	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303438	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303439	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303440	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303441	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303442	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303443	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	303444	  	  	Ppmix	  	 	400w	  	  	 	TRIN	  	  	 	000008	  	  	 	750	  	  	 	9/30/2013	  
	 TILX
	  	 	280756	  	  	Xylene	  	 	28	  	  	 	TRIN	  	  	 	000012	  	  	 	675	  	  	 	2/28/2013	  
	 TILX
	  	 	280707	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280710	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280711	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280712	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280713	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280720	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280722	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280723	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280724	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280726	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280735	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280736	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280737	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280739	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280741	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280743	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280747	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280752	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280755	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 TILX
	  	 	280758	  	  	Toluene	  	 	28	  	  	 	TRIN	  	  	 	000013	  	  	 	675	  	  	 	12/31/2013	  
	 UTLX
	  	 	201933	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	201938	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	201949	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	202156	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	202169	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	202150	  	  	Xylene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	202151	  	  	Xylene	  	 	27.5	  	  	 	UTLX	  	  	 	000160	  	  	 	550	  	  	 	5/31/2011	  
	 UTLX
	  	 	202298	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202778	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202779	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202780	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202781	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202783	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202784	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202785	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202787	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202330	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	202329	  	  	Xylene	  	 	30	  	  	 	UTLX	  	  	 	000165	  	  	 	475	  	  	 	11/30/2011	  
	 UTLX
	  	 	203931	  	  	Nonene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  

  
 51 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																											
	 UTLX
	  	 	203890	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203898	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203901	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203905	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203909	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203910	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203914	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203915	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203916	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203933	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203934	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203937	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203939	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203895	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203899	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203900	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203906	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203918	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	203919	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000182	  	  	 	502	  	  	 	8/31/2013	  
	 UTLX
	  	 	202306	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000185	  	  	 	550	  	  	 	3/31/2014	  
	 UTLX
	  	 	202155	  	  	Xylene	  	 	27.5	  	  	 	UTLX	  	  	 	000185	  	  	 	550	  	  	 	3/31/2014	  
	 UTLX
	  	 	202175	  	  	Xylene	  	 	27.5	  	  	 	UTLX	  	  	 	000185	  	  	 	550	  	  	 	3/31/2014	  
	 UTLX
	  	 	202303	  	  	Xylene	  	 	27.5	  	  	 	UTLX	  	  	 	000185	  	  	 	550	  	  	 	3/31/2014	  
	 UTLX
	  	 	205267	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205279	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205290	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205262	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205264	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205275	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205276	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205282	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205286	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205287	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205288	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205289	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205298	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205299	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205302	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205303	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205304	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205307	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205308	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205263	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205272	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205277	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000196	  	  	 	575	  	  	 	7/31/2015	  
	 UTLX
	  	 	205314	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205316	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205317	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205318	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205320	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205322	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205323	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205324	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205325	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205326	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205330	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  

  
 52 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																											
	 UTLX
	  	 	205331	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205332	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205334	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205337	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205338	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205333	  	  	Toluene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205321	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205327	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	205340	  	  	Xylene	  	 	28	  	  	 	UTLX	  	  	 	000197	  	  	 	575	  	  	 	8/31/2015	  
	 UTLX
	  	 	645144	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000200	  	  	 	650	  	  	 	7/31/2013	  
	 UTLX
	  	 	645156	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000200	  	  	 	650	  	  	 	7/31/2013	  
	 UTLX
	  	 	645159	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000200	  	  	 	650	  	  	 	7/31/2013	  
	 UTLX
	  	 	202310	  	  	Nonene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202309	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202317	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202320	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202661	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202662	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202674	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	202675	  	  	Toluene	  	 	27.5	  	  	 	UTLX	  	  	 	000206	  	  	 	515	  	  	 	4/30/2013	  
	 UTLX
	  	 	671591	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	671592	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	671593	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	671594	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	671595	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	671596	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	671597	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672286	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672287	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672288	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672289	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672290	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672291	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672292	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672293	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672294	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672295	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672296	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672297	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672298	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672299	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672300	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672301	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672302	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672303	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672304	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672305	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672306	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672307	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672308	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672309	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672310	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672311	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672312	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	672313	  	  	Benzene	  	 	25.5	  	  	 	UTLX	  	  	 	000208	  	  	 	730	  	  	 	12/31/2013	  
	 UTLX
	  	 	202048	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  

  
 53 

 Attachment to Schedule 2.1.14 

Owned and Leased Vehicles 

Toledo Rail Fleet Detail 11/18/2010 
  

																											
	 UTLX
	  	 	202790	  	  	Nonene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	201445	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	202791	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	202800	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	202836	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	202841	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	202845	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203383	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203707	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203709	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203710	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203711	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203712	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203713	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203718	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203722	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203726	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203727	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203728	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203732	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203737	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	203745	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	5/31/2011	  
	 UTLX
	  	 	201321	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201335	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201421	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201436	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201444	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201738	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201739	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	201750	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202799	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202801	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202824	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202834	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202838	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202842	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202844	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202846	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  
	 UTLX
	  	 	202852	  	  	Toluene	  	 	30	  	  	 	UTLX	  	  	 	000210	  	  	 	355	  	  	 	6/30/2013	  

  
 54 

 Schedule 2.2.1 

Excluded Assets; Claims 
 [REDACTED] 

  
 55 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

	1.	Excluded Contracts Not Subject to Section 2.5(b) 

  

	 	a.	Exchange Agreement Amendment #E0720 by and between Shell Oil Products US and Sunoco, Inc. (R&M) 

 

	 	b.	The General Partnership Agreement of Sun Petrochemicals Company, as amended, and all related Services Agreements, Supply Agreements, and License Agreements (as amended)
noted therein and related to same between Seller and Sun Petrochemicals Company, Sunmarks, Inc. and Sun Petrochemicals Company, and between Suncor and Sun Petrochemicals Company. 

 

	 	c.	All corporate-wide drawback sharing agreements. 

  

	 	d.	The following corporate-wide material and service contracts: 

  

									
	 Vendor Name
	  	Contract #	  	Local or Corporate	  	Material or Service	  	Commodity
	 Administrative Exchange, Inc.
	  	CW31879	  	Corporate	  	Service	  	Engineering
	 AECOM, Inc. dba AECOM Environmental
	  	CW18265	  	Corporate	  	Service	  	Environmental
	 Allied Control Services, Inc.
	  	CW27167	  	Corporate	  	Service	  	Engineering
	 Ambitech Engineering Corporation
	  	CW31069	  	Corporate	  	Service	  	Engineering
	 Analytics Corporation
	  	CW16957	  	Corporate	  	Service	  	Environmental
	 Arcadis Geraghty and Miller PC
	  	CW8986	  	Corporate	  	Service	  	Environmental
	 Arkema Inc.
	  	CW10241	  	Corporate	  	Material	  	Chemicals
	 Aspen Technology Inc.
	  	CW2571	  	Corporate	  	Material	  	Systems
	 Aspen Technology Inc.
	  	CW34849	  	Corporate	  	Material	  	Systems
	 Aspen Technology Inc.
	  	CW28464	  	Corporate	  	Material	  	Systems
	 AT&T Corp
	  	CW8534	  	Corporate	  	Service	  	Systems
	 ATR
	  	CW4897	  	Corporate	  	Material	  	Systems
	 Badger Daylighting Corporation
	  	CW21411	  	Corporate	  	Service	  	Construction
	 Bay Technical Associates, Inc.
	  	CW7028	  	Corporate	  	Service	  	Engineering
	 BSI Inspectorate
	  	CW2667	  	Corporate	  	Material	  	Equipment
	 Cape Software
	  	CW17021	  	Corporate	  	Service	  	Construction
	 Catalyst Trading Company
	  	CW2671	  	Corporate	  	Material	  	Catalyst
	 Cellco Partnership dba Verizon Wireless
	  	CW6567	  	Corporate	  	Service	  	Systems

  
 56 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Vendor Name
	  	Contract #	  	Local or Corporate	  	Material or Service	  	Commodity
	 [RESERVED]
	  		  		  		  	
	 Compressor Controls Corp
	  	CW8098	  	Corporate	  	Material	  	Materials
	 CompuCom Systems Inc - WebMethods
	  	CW33699	  	Corporate	  	Service	  	Systems
	 Control Point Solutions, Inc.
	  	CW10492	  	Corporate	  	Material	  	Systems
	 Core Laboratories
	  	CW31763	  	Corporate	  	Service	  	Maintenance
	 Corporate Express
	  	CW4903	  	Corporate	  	Material	  	Administrative
	 Corrosion Testing Laboratories Inc
	  	CW16425	  	Corporate	  	Service	  	Engineering
	 Crystaphase Products Inc
	  	CW33702	  	Corporate	  	Material	  	Catalyst
	 Dialogic Communications Corp
	  	CW4438	  	Corporate	  	Material	  	Systems
	 Dresser Rand Company
	  	CW2467	  	Corporate	  	Material	  	Equipment
	 EISCO-NJ
	  	PH14836	  	Corporate	  	Service	  	Maintenance
	 Enfos, Inc.
	  	CW3112	  	Corporate	  	Material	  	Systems
	 Envent Corporation
	  	CW24670	  	Corporate	  	Service	  	Maintenance
	 [RESERVED]
	  		  		  		  	
	 EQ Industrial Services Inc
	  	CW25268	  	Corporate	  	Service	  	Environmental
	 Equilibrium Catalyst, Inc. (ECI)
	  	CW29922	  	Corporate	  	Material	  	Catalyst
	 Equity Engineering Group
	  	CW3259	  	Corporate	  	Service	  	Systems
	 Eventive Productions, Inc.
	  	CW3622	  	Corporate	  	Service	  	Administrative
	 FedEx Services
	  	CW16761	  	Corporate	  	Service	  	Administrative
	 Fisher Scientific
	  	CW11588	  	Corporate	  	Material	  	Materials
	 Grainger Industrial Supply
	  	CW34043	  	Corporate	  	Material	  	Materials
	 Granite Telecommunications
	  	CW4566	  	Corporate	  	Material	  	Systems
	 Gulf Chemical and Metallurgical Corporation (GCMC)
	  	CW19945	  	Corporate	  	Material	  	Catalyst
	 Haldor Topsoe Inc
	  	CW35677	  	Corporate	  	Material	  	Chemicals
	 Heraeus Metal Processing Inc.
	  	CW4211	  	Corporate	  	Material	  	Catalyst
	 Hertz Corporation
	  	CW4098	  	Corporate	  	Service	  	Administrative
	 HRSmart Inc
	  	CW3539	  	Corporate	  	Material	  	Systems
	 [RESERVED]
	  		  		  		  	
	 Infineum USA LP
	  	CW26150	  	Corporate	  	Material	  	Chemicals
	 Intercat
	  	CW4068	  	Corporate	  	Material	  	Chemicals
	 Iris Power Engineering
	  	CW36377	  	Corporate	  	Service	  	Maintenance

  
 57 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Vendor Name
	  	Contract #	  	Local or Corporate	  	Material or Service	  	Commodity
	 Jacobs Consultancy Inc.
	  	CW3303	  	Corporate	  	Material	  	Systems
	 Jacobs Engineering Group Inc
	  	CW31073	  	Corporate	  	Service	  	Engineering
	 Jurva Leak Testing, Inc.
	  	NER15604	  	Corporate	  	Service	  	Construction
	 Kellogg Brown & Root, Inc.
	  	CW34959	  	Corporate	  	Service	  	Engineering
	 Kidde Fire Fighting
	  	CW16286	  	Corporate	  	Material	  	Chemicals
	 Laboratory Corporation of America Holdings
	  	CW2387	  	Corporate	  	Material	  	Administrative
	 Level 3 Communications, LLC
	  	CW20856	  	Corporate	  	Service	  	Systems
	 Liberty Mutual Insurance Company
	  	CW34228	  	Corporate	  	Service	  	Administrative
	 Lin & Associates
	  	CW17951	  	Corporate	  	Service	  	Engineering
	 [RESERVED]
	  		  		  		  	
	 Marking Services Inc.
	  	CW25946	  	Corporate	  	Service	  	Engineering
	 Microsoft Licensing, GP
	  	CW2416	  	Corporate	  	Material	  	Systems
	 Odorization Technology Inc. (Odortech)
	  	CW9195	  	Corporate	  	Material	  	Chemicals
	 Officemax Contract, Inc.
	  	CW6486	  	Corporate	  	Material	  	Materials
	 Pace Analytical Services, Inc.
	  	CW2847	  	Corporate	  	Service	  	Environmental
	 Panalytical Inc.
	  	CW34545	  	Corporate	  	Service	  	Maintenance
	 Proactive Performance Solutions Inc
	  	CW5335	  	Corporate	  	Material	  	Systems
	 Prudential Relocation
	  	CW6186	  	Corporate	  	Service	  	Systems
	 QC Laboratories
	  	CW35588	  	Corporate	  	Service	  	Environmental
	 Quality Transportation Services Inc
	  	CW22038	  	Corporate	  	Material	  	Systems
	 [RESERVED]
	  		  		  		  	
	 Roux Associates Inc
	  	CW11307	  	Corporate	  	Service	  	Environmental
	 Safety Kleen Systems, Inc.
	  	CW34909	  	Corporate	  	Service	  	Environmental
	 SAP America, Inc.
	  	CW6014	  	Corporate	  	Material	  	Systems
	 Saybolt Inc
	  	CW15846	  	Corporate	  	Service	  	Administrative
	 Schenck Trebel
	  	CW30675	  	Corporate	  	Service	  	Maintenance
	 Sealtec - Division of Sealco, Inc.
	  	NER11219	  	Corporate	  	Service	  	Maintenance
	 SGS North America Inc. Oil, Gas & Chemicals Services Division
	  	CW6413	  	Corporate	  	Material	  	Administrative
	 Shaw Group
	  	CW7469	  	Corporate	  	Material	  	Chemicals
	 Sherwin-Williams Company, The (Inc)
	  	CW2780	  	Corporate	  	Material	  	Chemicals
	 Sid Harvey Industries, Inc.
	  	CW31854	  	Corporate	  	Material	  	Chemicals

  
 58 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Vendor Name
	  	Contract #	  	Local or Corporate	  	Material or Service	  	Commodity
	 Sloan Brothers Company
	  	CW36517	  	Corporate	  	Service	  	Engineering
	 Sprint Corporation
	  	CW8020	  	Corporate	  	Service	  	Systems
	 SSOE, Inc.
	  	CW15872	  	Corporate	  	Service	  	Engineering
	 Symantec
	  	CW18234	  	Corporate	  	Service	  	Systems
	 Syntex Management Systems, Inc.
	  	CW2756	  	Corporate	  	Service	  	Systems
	 TDW Services Inc.
	  	CW19838	  	Corporate	  	Service	  	Construction
	 The Source Group Inc
	  	CW8984	  	Corporate	  	Service	  	Environmental
	 TiPS Incorporated
	  	CW32001	  	Corporate	  	Service	  	Engineering
	 Tracerco
	  	CW6760	  	Corporate	  	Service	  	Engineering
	 Training Specialties Inc.
	  	CW31961	  	Corporate	  	Service	  	Equipment
	 Transcat Corp.
	  	CW30090	  	Corporate	  	Service	  	Maintenance
	 Tricat Inc.
	  	CW34179	  	Corporate	  	Material	  	Catalyst
	 Trinity Consultants
	  	CW8988	  	Corporate	  	Service	  	Environmental
	 United Color Manufacturing Inc
	  	CW7612	  	Corporate	  	Material	  	Chemicals
	 United Laboratories Intl, Inc.
	  	CW22359	  	Corporate	  	Material	  	Chemicals
	 URS Corp
	  	CW31080	  	Corporate	  	Service	  	Engineering
	 Verizon Business Network Services Inc
	  	CW8460	  	Corporate	  	Service	  	Systems
	 Verizon Select Services Inc.
	  	CW20100	  	Corporate	  	Service	  	Systems
	 VIM Technologies, Inc.
	  	CW5509	  	Corporate	  	Service	  	Maintenance
	 Webb Murray & Associates Inc
	  	CW8961	  	Corporate	  	Service	  	Environmental
	 Wisco Enterprises LP
	  	MH14613	  	Corporate	  	Service	  	Maintenance
	 World Travel Inc
	  	CW15777	  	Corporate	  	Service	  	Administrative

  
 59 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

	2.	Multi-Site Agreements Subject to Section 2.5(b) 

 

	 	a.	The following corporate-wide material and service contracts: 

  

							
	 Air Liquide America Specialty Gases, LLC
	  	CW36157	  	Material	  	Materials
				
	 Airgas, Inc.
	  	CW3028	  	Material	  	Chemicals
				
	 Albemarle Corp
	  	CW33860	  	Material	  	Catalyst
				
	 Allied Waste Services/BFI
	  	CW32405	  	Service	  	Environmental
				
	 Baker-Petrolite
	  	CW8908	  	Material	  	Chemicals
				
	 Basic Chemical Solutions
	  	CW33545	  	Material	  	Chemicals
				
	 Calgon Carbon Corporation
	  	CW2609	  	Material	  	Chemicals
				
	 Cintas Corporation
	  	CW10698	  	Material	  	Materials
				
	 Flowserve Corp (formerly Durametallic)
	  	CW34432	  	Material	  	Equipment
				
	 Gexpro
	  	CW27747	  	Material	  	Materials
				
	 Hagemeyer North America
	  	CW22382	  	Material	  	Materials
				
	 Honeywell International Inc.
	  	CW34312	  	Service/Material	  	Systems
				
	 International Business Machines Corporation
	  	CW16716	  	Service	  	Systems
				
	 Merichem Chemicals & Refinery Services, LLC
	  	CW4473	  	Service	  	Environmental
				
	 Nalco Energy Services
	  	CW11573	  	Material	  	Chemicals
				
	 Praxair Services Inc.
	  	CW5377	  	Material	  	Chemicals
				
	 Shell Lubricants
	  	CW7603	  	Material	  	Chemicals
				
	 Univar USA
	  	CW7750	  	Material	  	Chemicals
				
	 Univar USA
	  	CW2766	  	Material	  	Chemicals
				
	 Univar USA
	  	CW30238	  	Material	  	Chemicals
				
	 Williams Scotsman, Inc.
	  	CW25452	  	Service	  	Maintenance

  

  
 60 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

							
				
	 Wilson, Inc.
	  	CW29634	  	Material	  	Materials
				
	 Xerox Global Services, Inc
	  	CW8171	  	Service	  	Equipment
				
	 ZeroChaos
	  	CW26417	  	Service	  	Administrative
				
	 Automotive Resources International
	  	CW2754	  	Material	  	Administrative
				
	 Automotive Resources International
	  	CW2743	  	Material	  	Administrative
				
	 Bafco, Inc.
	  	CW35478	  	Service	  	Maintenance
				
	 Bently Nevada Corporation
	  	CW28681	  	Service	  	Construction
				
	 Beville Engineering, Inc.
	  	CW26433	  	Service	  	Engineering
				
	 Conam & Engineering Svs. Inc.
	  	NER15939	  	Service	  	Maintenance
				
	 Eastern Controls
	  	CW11593	  	Service	  	Maintenance
				
	 Equity Engineering Group
	  	CW16436	  	Service	  	Engineering
				
	 GE Energy Services
	  	NER15700	  	Service	  	Maintenance
				
	 Hydrochem Industrial Services, Inc.
	  	CW18841	  	Service	  	Maintenance
				
	 Intertek - Caleb Brett, U.S.A.
	  	CW13097	  	Service	  	Administrative
				
	 Lubrication Systems Company
	  	CW31732	  	Service	  	Maintenance
				
	 Marshall-Teichert Group, Ltd.
	  	CW21940	  	Service	  	Maintenance
				
	 Mechanical Integrity Inc.
	  	NER15561	  	Service	  	Maintenance
				
	 Middough Consulting Associates, Inc.
	  	CW31049	  	Service	  	Engineering
				
	 OBR Cooling Towers
	  	CW31835	  	Service	  	Construction
				
	 Orbital Engineering Inc
	  	CW31055	  	Service	  	Engineering
				
	 Petroval Inc
	  	CW7857	  	Material	  	Catalyst
				
	 Robert J Jenkins & Company
	  	NER15917	  	Service	  	Maintenance
				
	 RSC Equipment Rental
	  	CW31309	  	Service	  	Equipment

  

  
 61 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

							
	 [RESERVED]
	  		  		  	
				
	 Superheat Services Inc.
	  	CW17533	  	Service	  	Maintenance
				
	 [RESERVED]
	  		  		  	
				
	 Clean Harbors Environmental Svc Inc
	  	CW27478	  	Corporate	  	Service
				
	 Environmental Resources Management
	  	CW3189	  	Corporate	  	Service
				
	 Hull & Associates, Inc.
	  	CW21480	  	Corporate	  	Service
				
	 Marine Pollution Control
	  	CW23974	  	Corporate	  	Service
				
	 Ross Environmental Services, Inc.
	  	CW7721	  	Corporate	  	Service
				
	 Sage Environmental
	  	CW34499	  	Corporate	  	Service

  

	 	b.	The following contracts with multi-site locations: 

  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counterparty Name
	  	 Term
	  	 Locations to be Excluded

	 Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Mansfield Oil Company of Gainsville Inc.	  	7/1/10 – 6/30/11	  	Belmont, Blawnox, Mechanicsburg
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Air Canada	  	7/1/10 – 6/30/11	  	Rochester, NY; Philadelphia, PA
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Air Transport International LLC	  	 3/1/09 – 6/30/10
 Contract
was extended to Nov 2010 with on-going negotiation to extend to 2011.
	  	Rochester, NY
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	AirTran Airways Inc.	  	5/1/10 – 3/31/11	  	Rochester, NY; Buffalo, NY
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	American Airlines, Inc	  	3/1/10 – 10/31/12	  	Pittsburgh, PA
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	AvFuel Corporation	  	3/1/09 – 3/30/12	  	Buffalo, NY; Rochester, NY; Philadelphia, PA; Coraopolis, PA;

  
 62 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counterparty Name
	  	 Term
	  	 Locations to be Excluded

					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Brendan Airways, LLC.	  	10/1/10 – 9/30/11	  	Philadelphia
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Arrow Energy Inc.	  	8/1/09 – 7/31/10 Verbal agreement to extend to Nov 2011	  	Coraopolis
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	ConocoPhillips, Inc.	  	10/1/09 – 9/20/10 Verbally negotiating to extend to Nov 2011.	  	 Paulsboro, NJ;
 Buffalo,
NY;
 Rochester, NY;;

					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Continental Airlines, Inc.	  	7/1/10 – 6/30/11	  	 Buffalo, NY;
 Rochester, NY;
Syracuse, NY;
 Linden, NJ

					
	 [RESERVED]
	  		  		  		  	
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Eastern Aviation Fuels of N.C.	  	5/1/10 – 4/30/11	  	 Coroapolis, PA; Paulsboro, NJ; Rochester, NY;
 Buffalo, NY;

					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Epic Aviation	  	1/1/10 – 12/31/10	  	Paulsboro, NJ; Coraopolis, PA; Rochester, NY
					
	 Aviation Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Federal Express	  	4/9/07 - 5/31/11	  	 Buffalo, NY;
 Rochester, NY;
Pittsburgh, PA; Syracuse, NY

					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Frontier Airlines	  	7/1/10 – 6/30/11	  	Pittsburgh, PA
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Jazz Air, Inc	  	7/1/10 – 6/30/11	  	Philadelphia, PA
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Material Services Co.	  	9/1/10 – 8/31/11	  	Binghamton, NY & Elmira, NY
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Penauille Servisair LLC	  	7/1/10 – 6/30/11	  	Buffalo
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	United Parcel Services	  	7/1/09 – 6/30/11	  	 Syracuse, NY;
 Buffalo, NY;
Pittsburgh, PA

					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Western Petroleum	  	1/1/10 – 12/31/10	  	Cleveland, OH

  
 63 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counterparty Name
	  	 Term
	  	 Locations to be Excluded

					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	Jet Blue Airways c/o World Fuel Services	  	7/1/10 – 6/30/11	  	Buffalo, NY; Rochester, NY; Syracuse, NY; Pittsburgh, PA
					
	 Jet Fuel Supply Agreement
	  	Sunoco, Inc. (R & M)	  	United Parcel Services	  	7/1/09 – 6/30/11	  	 Syracuse, NY;
 Buffalo, NY;
Pittsburgh, PA

					
	 Supply Agreement
	  	Sunoco, Inc. (R&M)	  	Dixie Chemical Company, Inc.	  	1/1/10 – 12/31/10 One year	  	
					
	 Supply Agreement
	  	Sunoco, Inc. (R&M)	  	Dover Chemical Corporation.	  	4/1/10 – 12/31/10 automatic renewal for additional one-year periods, unless 90 days prior written notice of termination	  	
					
	 Supply Agreement
	  	Sunoco, Inc. (R&M)	  	Gulf Bayport Chemicals L.P.	  	1/1/10 – 12/31/10	  	
					
	 Supply Agreement
	  	Sunoco, Inc. (R&M)	  	Pilot Chemical Company	  	6/1/08 – 12/31/08 automatic renewal for additional one-year periods, unless 90 days prior written notice of termination	  	
					
	 Supply Agreement
	  	Sunoco, Inc. (R&M)	  	Vertellus Health and Specialty Products, LLC	  	1/1/09 – 12/31/09 automatically renewed for successive one year periods unless 90 days prior written notice of termination	  	
					
	 Supply Agreement
	  	Sunoco, Inc. (R&M)	  	INDSPEC Chemical Corporation	  	1/1/08 – 12/31/09 then automatic renewal for additional one year periods unless 360 days prior written notice	  	
					
	 Cancellation of Supply Agreement
	  	Sunoco, Inc. (R&M)	  	INDSPEC Chemical Corporation	  	Agreement will expire on 12/31/10	  	N/A
					
	 [RESERVED]
	  		  		  		  	
					
	 Products Terminal Services Agreement
	  	Sunoco Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	5 years commencing March 1, 2007.	  	Terminals: Belmont, Blawnox, Delmont, Eldorado/Altoona, Exton, Fullerton, Inwood, Kingston,

  
 64 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counterparty Name
	  	 Term
	  	 Locations to be

Excluded

					
		  		  		  		  	Malvern, Mechanicsburg, Montello, Newark, Northumberland, Paulsboro, Piscataway, Pittsburgh, Rochester, Tamaqua, Tonawanda, Twin Oaks, Vanport,
WIllowGrove,
					
	Storage Services Agreement	  	Sunoco, Inc. (R&M) (customer)	  	Sunoco Pipeline L.P.	  	The term of this Agreement shall commence on June 1, 2010 and end on May 31, 2011.	  	Icedale,
					
	Storage Services Agreement	  	Sunoco, Inc. (R&M) (customer)	  	Sunoco Partners Marketing & Terminals L.P.	  	The term of this Agreement shall commence on June 1, 2010 and end on May 31, 2011.	  	Altoona, Baltimore, Delmont, Kingston, Mechanicsburg, Montello, Newark, Northumberland, Piscataway, Rochester, Romulus, Tamaqua, Tonawanda, Willow Grove

  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter Party
	  	 Effective Date and Term of

Agreement
	  	 Locations to be Excluded

					
	 [RESERVED]
	  		  		  		  	
					
	Gasoline Purchase Agreement	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	Document dated February 24, 2010; Agreement concluded on February 2, 2010	  	Pittsburg, PA Mechanicsburg, PA Montello, PA

  
 65 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter Party
	  	 Effective Date and Term of

Agreement
	  	 Locations to be Excluded

		  		  		  	For the term February 1, 2010 through December 31, 2010 (with an evergreen renewal with 90 days’ notice of cancellation)	  	 Baltimore, MD
 Tonawanda,
NY

	[RESERVED]	  		  		  		  	
	[RESERVED]	  		  		  		  	
	[RESERVED]	  		  		  		  	
	[RESERVED]	  		  		  		  	
	Term Gasoline Purchase (P66513 and P66525)	  	Sunoco, Inc (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	 Dated October 29, 2010
  

For the term from September 1, 2010 through May 31, 2011 (with an evergreen renewal with 90 days’ notice)
	  	 Pittsburg, PA
 Mechanicsburg,
PA
 Montello, PA
 Baltimore,
MD
 Tonawanda, NY

	Storage and Service Agreement	  	Sunoco, Inc. (R&M)	  	Canal Terminal Company	  	Effective January 1, 2008 for a term of 2 years with automatic annual extensions.	  	

 Master Transportation Agreement (Contract REG-NS-C-19903) effective 8/1/10 by and between Sunoco, Inc. (R&M) and
Norfolk Southern Railway Company, as amended 
 Transportation Agreement (Contract REG-NS-C-19921) effective 8/1/10 by and between Sunoco, Inc.
(R&M) and Norfolk Southern Railway Company (and Consolidated Subsidiaries) 
 Private Price List and Contract (CSXT 44213) effective 8/25/10
between Sunoco, Inc. (R&M) and CSX Transportation Chemicals, as amended 

  
 66 

 Schedule 2.2.6 

Excluded Assets: Contracts 
  

 Transportation Contract LVRM-C-0075 effective 1/1/10 , by and between Lehigh Valley Rail Management, LLC
and Sunoco, Inc. (R&M) and its affiliates (including Epsilon Products Company and Sun Petrochemicals Company) (Amendment No. 3 supersedes previous versions of contracts) 
 Master Service Contract (MSC C-8287) dated July 18, 2005 by and between American Railcar Leasing LLC and Sunoco, Inc. (R&M) subsidiaries and affiliates including Epsilon Products Company LLC and
Sun Petrochemicals Corporation, as amended 
 Master Railcar Lease dated 1/19/99 by and between the CIT Group/Equipment Financing, Inc. and
Epsilon Products Co., as amended 
 Car Service Contract dated 10/11/82 by and between General American Transportation Corp. (GATX) and Sun
Refining and Marketing Company, as amended 
 Car Leasing Agreement No. 8222-40 dated 9/2/97 by and between General Electric Railcar
Service Corp. and Sunoco, Inc. (R&M), as amended 
 Railroad Car Lease Agreement dated 3/5/01 by and between Trinity Industries Leasing
Company and Sunoco, Inc. (R&M), as amended 
 Car Service Agreement dated 3/1/86 by and between Union Tank Car Company and Sun Refining and
Marketing Company, as amended 
 Emergency Services Contract with Eagle Construction and Environmental dated June 23, 2008 (CW 16926)

 Emergency Services Contract with React Environmental Services, Inc. dated June 23, 2008 (CW 16924) 

Emergency Services Contract with Specialized Professional Services, Inc. dated June 23, 2008 (CW 16914) 

Transportation Service Agreement effective 4/1/07 with K-Limited Carrier Corp. 
 Services Agreement effective 3/1/10 with SCO Logistics, Inc. 
 QTSI Rail Service Agreement

 Field Services Contract dated January 1, 2005 by and between Sunoco, Inc. (R&M) and Rescar, Inc., as amended. 

Transportation Service Agreement effective December 9, 2003 by and between Sunoco, Inc. (R&M) and L.T. Harnett Trucking, Inc., as amended.

 Agreement by and between Sunoco, Inc. (R&M) and Quality Carriers, Inc. 
 Transload and Services Agreement dated April 1, 2006 by and between Sunoco, Inc. (R&M) and Transflo Terminal Services, Inc., as amended. 
 Sale Agreement by and between Sunoco, Inc. (R&M) and Kildair Services Ltd., as amended. 

  
 67 

 Schedule 2.2.21 

Excluded Assets: Equipment 
  

	1.	Common Spare Equipment Located at Marcus Hook, PA refinery and subject to Section 6.15 of the Agreement: 

PRT Start-up Turbine Rotor; 
 Spare Rotor Serial Number: 501E162EC 
 Rotor fits Toledo PRT Turbine 

Turbine Model Number: DRV325 
 Turbine Serial Number: 152195 
  

	2.	Significant Equipment Owned by Third Parties: 

 Linde Hydrogen Plant 
 Veolia/TWO Water Treatment Plant 

Rescar Railroad Car Trackmobile 
 Two Rental Air Compressors 
 Rental exchanger for ULSD product cooling 

Linde Nitrogen Skid 
 Chemical and Water treatment systems 

  
 68 

 Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 
  

	3.	Escrow Agreement by and among Seller, The Toledo Edison Company, and The Bank of New York Trust Company, N.A., as escrow agent, dated on or about February 20,
2008, and the related escrow account at The Bank of New York Trust Company in the approximate amount of $13.32 million, each of which relates to Sunoco, Inc. (R&M) v. Public Utilities Commission of Ohio – Ohio Supreme Court, Case
No. 2009-0880. 

  

	4.	The following assets intended to be conveyed to SXL prior to Closing: 

  

	 	c.	8” Buckeye to Inland Pipeline, including any easements or rights of way benefiting same. 

 

	 	d.	12” Product (DOT) Pipeline (CA-1659), including any easements or rights of way benefiting same. 

 

	 	e.	Building commonly referred to as “Toledo Terminal” and underlying and surrounding land, as more particularly described on the attachment hereto (the
“Toledo Terminal”). 

  

	 	f.	Pump Station located in the southeast corner of the tank farm site and underlying and surrounding land, as more particularly described on the attachment hereto (the
“Pump Station”). 

  

	5.	Vacant land of Seller located to the east of the tank farm site and to the west of I-280, as more particularly described on the attachment hereto (the “Farm
Parcel”). 

  

	6.	12” Gasoline (DOT) Pipeline (CA-12-188), including any land owned by Seller (other than the Owned Real Property) over, upon, through, or under which such pipeline
runs, and any easements or rights of way benefiting same. 

  

	7.	8” #42 Pipeline, including any land owned by Seller (other than the Owned Real Property) over, upon, through, or under which such pipeline runs, and any easements
or rights of way benefiting same. 

  

	8.	8” #43 Pipeline, including any land owned by Seller (other than the Owned Real Property) over, upon, through, or under which such pipeline runs, and any easements
or rights of way benefiting same. 

  

	9.	16” Pipeline running between the Buckeye York Pump Station and the BP Oil Refinery, including any land owned by Seller (other than the Owned Real Property) over,
upon, through, or under which such pipeline runs, and any easements or rights of way benefiting same. 

  

	10.	The ownership interest of Sun Petrochemicals, Inc. (an Affiliate of Seller) in Sun Petrochemicals Company, a Pennsylvania General Partnership. 

  
 69 

 Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

	11.	Corporate back office applications including but not limited to such functions as the general ledger (Infor), supply chain scheduling system (Sigma), HR (Peoplesoft),
and purchasing (Ariba) are excluded assets but maybe used to perform transition services. 

  

	12.	Sunoco gas card inventory. 

  

	13.	The following manufacturing applications: 

  

									
	 App ID #
	  	 Application Name
	  	 Application Description
	  	 Functional Area
	  	 License Type

	RS&C-846	  	Sunoco@Work R&S, Coke, Ethanol	  	Company Intranet Primary document management, collaboration, and communication tool	  	Company Intranet, performs variety of functions, legal, communication, collaboration, etc.	  	N/A
	RS&C-543	  	API Technical DataBook	  	Chemical Properties Reference	  	Process Engineering	  	Unlimited
	RS&C-828	  	ePRiSM	  	Training management system	  	Training	  	Per Active User
	RS&C-831	  	Opus Professional	  	CBT creation tool. Used with Eprism	  	Training	  	Seat

  

	14.	The following infrastructure applications: 

  

					
	 Application Name
	  	 Comment
	  	 Location of Server

	Exchange Service (including Outlook Web Access)	  	Enterprise wide Email system	  	Microsoft BPOS
	Blackberry Service	  	Enterprise wide Blackberry Server	  	Microsoft BPOS
	Microsoft Active Sync	  	Enterprise wide Smart Phone Email Sync	  	Microsoft BPOS
	Live Meeting	  	Meeting organization software - subscription based	  	Microsoft BPOS
	Tripwire	  	Monitoring Package	  	Toledo
	NetlQ	  	Monitoring Package	  	Toledo
	TSM	  	Backup Software	  	Toledo
	Trend Anti Virus	  	Anti Virus	  	Toledo
	Altiris Server Agent	  	Inventory agent	  	Toledo
	Altiris Deployment Server	  	Deployment Server	  	Toledo

  
 70 

 Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

					
	Client VPN Services	  	Corporate Remote Access System	  	Annapolis
	Site to Site IPSec VPN Services	  	Corporate Business to Business	  	Annapolis
	SSL VPN Services	  	Corporate Remote Access System	  	Annapolis
	Desktop Packaging Services	  	Compucom Service to Package desktop applications	  	Paulsboro
	 Desktop Integration and Testing

Service/ Software Deployment
	  	Compucom Helpdesk System	  	Paulsboro
	Helpdesk Support Scripts	  	Compucom Helpdesk System	  	Dallas, TX
	Local Printing Services	  	Local Print Server	  	Toledo
	Desktop Patching Service	  	Compucom Service to apply patches to desktops	  	Paulsboro
	Internet Access Service	  	Corporate Internet Service	  	Annapolis
	External FTP Service	  	Corporate EFT Service	  	Omaha, Annapolis
	WAN / LAN Support Service	  	Corporate Support Service	  	All Sites
	PBX Phone Support Service	  	Corporate Support Service	  	All Sites
	Active Directory / Account Services	  	Corporate Support Service	  	Philadelphia

  
 71 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 
 Legal Description 
 (Toledo Terminal) 

Parcel 1: 
 LEGAL DESCRIPTION: SUN OIL
PARCEL “A” 
 Being a part of Section 7, Town 10 South, Range 8 East, all of Lots 25-31, inclusive, 64 and 65, a part of Lots 15
- 24, inclusive, and part of Lot 90 and vacated streets and alleys adjacent thereto, all of the same being in Russwinckel’s Addition, as recorded in Volume 19, Page 37, Lucas County Book of Plats, City of Toledo, Lucas County, Ohio, bounded and
described as follows: 
 Commencing at brass plate monument at the intersection of the East line of Section 7 and the centerline of
Woodville Road, so called, also known as State Route 51, so called. 
 Thence North 01 degree, 23 minutes, 48 seconds West along the East line
of Section 7 a distance of 54.53 feet to a point on the Northerly 42.5-foot right-of-way of Woodville Road, from said point a spike is found 0.06 feet East. 
 Thence North 52 degrees, 35 minutes, 53 seconds West along the Northerly 42.5-foot right-of-way of Woodville Road a distance of 54.66 feet to a magnetic nail set, said point being the true point of
beginning. 
 Thence continuing North 52 degrees, 35 minutes, 53 seconds West along the Northerly 42.5-foot right-of-way of Woodville Road a
distance of 360.43 feet to a drilled hole set on the centerline of vacated Holmes Street, so called. 
 Thence North 01 degree, 23 minutes, 48
seconds West along the centerline of vacated Holmes Street a distance of 9.62 feet to a drilled hole set on the Northerly 50-foot right-of-way of Woodville Road. 
 Thence North 52 degrees, 35 minutes, 53 seconds West along the Northerly 50-foot right-of-way of Woodville Road a distance of 353.04 feet to a point, from said point a drilled hole can be found from said
point a drilled hole is found 0.20 feet South and 0.10 feet East. 
 Thence North 09 degrees, 13 minutes, 35 seconds East a distance of 17.02
feet to a drilled hole set on a line 16 feet Southeast of and parallel with the Northwest line of Lot 15 in Russwinckel’s Addition. 

Thence South 37 degrees, 16 minutes, 11 seconds West along a line that is 16 feet Southeast of and parallel with the Northwest line of Lot 15, a distance
of 15.00 feet to a point on the Northerly right-of-way of Woodville Road. 
 Thence North 52 degrees, 35 minutes, 53 seconds West along the
Northerly right-of-way of Woodville Road, a distance of 8.00 feet to a point on the centerline of a 16 foot wide alley vacated by Ordinance 211-10 and said vacation being recorded in Lucas County Instrument #20100520-0020443. 

  
 72 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 Thence North 37 degrees, 16 minutes, 11 seconds West along the centerline of a vacated alley, a distance
of 108.00 feet to the centerline of a 16 foot wide alley vacated by Ordinance 96-466. 
 Thence North 52 degrees, 35 minutes, 53 seconds West
along the centerline of the vacated alley, a distance of 8.00 feet to a point on the Southeasterly line of Lot 14. 
 Thence North 37 degrees,
16 minutes, 11 seconds East along the Northwest line of Lots 31 and 64, in Russwinckel’s Addition and crossing vacated Sun Street a distance of 308.00 feet to a point, from said point an iron pipe is found 0.04 feet North and 0.21 feet East.

 Thence North 41 degrees, 11 minutes, 32 seconds East a distance of 10.20 feet to a 1/2 inch galvanized steel pipe set. 

Thence South 48 degrees, 26 minutes, 30 seconds East a distance of 29.72 feet to a point. 
 Thence South 06 degrees, 46 minutes, 36 seconds East a distance of 18.76 feet to a 1/2 inch galvanized steel pipe set. 
 Thence South 01 degree, 11 minutes, 41 seconds East a distance of 64.31 feet to 1/2 inch galvanized steel pipe set. 
 Thence South 45 degrees, 17 minutes, 53 seconds East a distance of 30.44 feet to a 1/2 inch galvanized steel pipe set. 
 Thence North 89 degrees, 44 minutes, 37 seconds East a distance of 71.92 feet to a point. 
 Thence
South 84 degrees, 38 minutes, 47 seconds East a distance of 24.93 feet to a point. 
 Thence South 70 degrees, 49 minutes, 20 seconds East a
distance of 40.51 feet to a 1/2 inch galvanized steel pipe set. 
 Thence South 62 degrees, 21 minutes, 57 seconds East a distance of 39.28 feet
to a 1/2 inch galvanized steel pipe set. 
 Thence South 02 degrees, 49 minutes, 04 seconds East a distance of 237.24 feet to a
point. 
 Thence North 88 degrees, 43 minutes, 22 seconds East a distance of 103.20 feet to a drilled hole set. 

Thence South 01 degree, 37 minutes, 08 seconds East a distance of 64.46 feet to a drilled hole set. 

Thence South 88 degrees, 15 minutes, 14 seconds West a distance of 21.92 feet to a magnetic nail set. 

Thence South 01 degrees, 33 minutes, 31 seconds East a distance of 114.15 feet to a drilled hole set. 

Thence South 01 degree, 51 minutes, 41 seconds East a distance of 231.33 feet to the true point of beginning. 

Containing 223,624.70 square feet or 5.134 acres of land. 
 PRIOR DEED REFERENCES: Volume 364, Page 308; Volume 1240, Pages 465, 469, 471, 472 and Ordinance No. 211-10, Instrument No. 20100520-0020443, Lucas County Records. 

  
 73 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 Tax Parcel No.:
                                         
            
 Parcel 2: 

LEGAL DESCRIPTION: Sun Refining and Marketing Company, Part of the Southeast 25’ of Lot 13, Russwinckel’s Addition: 

Being part of the Southeast 25 feet of Lot 13 and
 1/2 of the vacated alley adjacent thereto in
Russwinckel’s Addition in the City of Toledo, Lucas County, Ohio, bounded and described as follows: 
 Commencing at a lead plug in
a metal disc monument found at the intersection of the centerline of Woodville Road, so called and the East line of Section 7, Town 10 South, Range 8 East. 
 Thence North 52 degrees, 35 minutes, 53 seconds West along the centerline of Woodville Road, a distance of 862.21 feet to a point on the Southwesterly prolongation of the Southeasterly line of Lot 13 in
Russwinckel’s Addition. 
 Thence North 37 degrees, 16 minutes, 11 seconds East along the Southeasterly line of Lot 13 and its
Southwesterly prolongation, a distance of 42.00 feet to a point on the Northeasterly right-of-way of Woodville Road, said point being the true point of beginning. 
 Thence North 52 degrees, 35 minutes, 53 seconds West along the Northeasterly right-of-way of Woodville Road, a distance of 25.00 feet to a point on a line that is parallel with and 25.00 feet distant from
the Southeasterly line of Lot 13. From said point a cross-cut can be found 0.23 feet North and 0.57 feet West. 
 Thence North 37 degrees, 16
minutes, 11 seconds East along a line that is parallel with and 25.00 feet distant from the Southeasterly line of Lot 13, a distance of 116.00 feet to a magnetic nail set on the centerline of a 16 foot wide alley vacated by Ordinance 96-466 and said
vacation being recorded in Lucas County Deed 96-281 Ell. 
 Thence South 52 degrees, 35 minutes, 53 seconds East along the centerline of the 16
foot wide vacated alley, a distance of 25.00 feet to a point on the Southeasterly line of Lot 13. 
 Thence South 37 degrees, 16 minutes, 11
seconds West along Southeasterly line of Lot 13, a distance of 116.00 feet to the true point of beginning. 
 Containing 2,900.00 square feet or
0.067 acres of land. 
 PRIOR DEED REFERENCES: Microfiche 91 372A12, Lucas County Records. 

Tax Parcel No. 13-32387 
 Parcel 3:

 LEGAL DESCRIPTION: Sun Refining and Marketing Company, Part of Lot 14, Russwinckel’s Addition: 

Being part of the Lot 14 and 1/2 of the vacated alleys adjacent thereto in Russwinckel’s Addition in the City of Toledo, Lucas County, Ohio, bounded
and described as follows: 

  
 74 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 Commencing at a lead plug in a metal disc monument found at the intersection of the centerline of
Woodville Road, so called and the East line of Section 7, Town 10 South, Range 8 East. 
 Thence North 52 degrees, 35 minutes, 53 seconds
West along the centerline of Woodville Road, a distance of 862.21 feet to a point on the Southwesterly prolongation of the Northwesterly line of Lot 14 in Russwinckel’s Addition. 

Thence North 37 degrees, 16 minutes, 11 seconds East along the Northwesterly line of Lot 14 and its Southwesterly prolongation, a
distance of 42.00 feet to a  1/2”
galvanized steel pipe set on the Northwesterly line of Lot 14, said point being the true point of beginning. 
 Thence continuing
North 37 degrees, 16 minutes, 11 seconds East along the Northwesterly line of Lot 14, a distance of 116.00 feet to a point on the centerline of 16 foot wide alley vacated by Ordinance 96-466 and said vacation being recorded in Lucas County Deed
96-281E11. 
 Thence South 52 degrees, 35 minutes, 53 seconds East along the centerline of the vacated alley, a distance of 38.00 feet to a
magnetic nail set on the Northeasterly prolongation of the centerline of a 16 foot wide alley vacated by Ordinance 211-10 and said vacation being recorded in Lucas County Instrument #20100520-0020443. 

Thence South 37 degrees, 16 minutes, 11 seconds West along the centerline of the vacated alley and its Northeasterly prolongation, passing a magnetic
nail set at 8.00 feet, an overall distance of 108.00 feet to a point on the Northeasterly right-of-way of Woodville Road. 
 Thence North 52
degrees, 35 minutes, 53 seconds West along the Northeasterly right-of-way of Woodville Road, a distance of 8.00 feet to a point on the Southeasterly line of Lot 14 
 Thence South 37 degrees, 16 minutes, 11 seconds West along the Southeasterly line of Lot 14, a distance of 15.00 feet to a set magnetic nail. 
 Thence South 70 degrees, 25 minutes, 14 seconds West, a distance of 27.43 feet to a magnetic nail set on the Northeasterly right-of-way of Woodville Road. 

Thence North 52 degrees, 35 minutes, 53 seconds West along the Northeasterly right-of-way of Woodville Road, a distance of 15.00 feet to the true point
of beginning. 
 Containing 4,171.64 square feet or 0.096 acres of land. 
 PRIOR DEED REFERENCES: Microfiche 91 372A12 and Ordinance No. 211-10, Instrument No. 20100520-0020443, Lucas County Records. 
 Tax Parcel No.: 13-32391 

  
 75 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 Legal Description 

(Pump Station) 
 Being part of the Southeast  1/4
of Section 8 in Town 10 South, Range 8 East, in the City of Oregon, Lucas County, Ohio, bounded and described as follows: 

Commencing at a 1” iron bar monument found at the intersection of the centerlines of Wheeling Street, so called, and Brown Road, so called. Said
monument also being the true point of beginning. 
 Thence North 84 degrees, 02 minutes, 38 seconds West along the centerline of Brown Road, a
distance of 308.05 feet to a point. 
 Thence North 01 degree, 36 minutes, 37 seconds West, passing an iron bar monument at 30.26 feet, an
overall distance of 172.37 feet to an iron bar monument. 
 Thence North 88 degrees, 21 minutes, 02 seconds East, a distance of 34.92 feet to an
iron bar monument. 
 Thence North 01 degree, 48 minutes, 02 seconds West, a distance of 25.14 feet to an iron bar monument. 

Thence North 88 degrees, 19 minutes, 29 seconds East, a distance of 29.79 feet to an iron bar monument. 

Thence North 01 degree, 34 minutes, 12 seconds West, a distance of 120.82 feet to an iron bar monument. 

Thence North 88 degrees, 17 minutes, 49 seconds East, passing an iron bar monument at 210.23 feet, an overall distance of 240.23 feet to a point on the
centerline of Wheeling Street. 
 Thence South 01 degree, 40 minutes, 41 seconds East along the centerline of Wheeling Street, a distance of
359.34 feet to the true point of beginning. 
 Containing 94,696.80 square feet or 2.174 acres of land, of which 19,052.53 square feet or 0.437
acres of land are within the public road right-of-way. 
 PRIOR DEED REFERENCE: Volume 955, Page 558, Lucas County Records. 

Tax Parcel No.: Part of 44-21751 (Lot Split) 

  
 76 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 Legal Description 

(Farm Parcel) 
 Situated
in the Township of Oregon, County of Lucas, State of Ohio, described as follows: 
 PARCEL 1: 

THE SOUTH 22.5 ACRES OF THE WEST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION NUMBER 9, TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS
COUNTY, OHIO, EXCEPTING THEREFROM THE EAST 20 RODS OF THE SOUTH 40 RODS THEREOF, AND CONTAINING, AFTER SAID EXCEPTION 17.5 ACRES OF LAND. 

PARCEL 2: 
 THE EAST 14/19 OF THAT PART OF THE
WEST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, WHICH LIES SOUTH OF THE NORTH 61 ACRES OF SAID WEST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION, CONTAINING 14.90 ACRES, MORE OR LESS.

 PARCEL 3: 
 THE WEST 138 1/3 FEET OF
THE EAST 281 2/3 FEET OF THE TRACT OF LAND DESCRIBED AS FOLLOWS: 
 THAT PART OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10 SOUTH,
RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, COMMENCING AT A POINT ON THE SOUTH LINE OF SAID SECTION WHICH IS 20 RODS WEST FROM THE SOUTH 1/4 POST OF SAID SECTION 9; THENCE NORTH AT RIGHT ANGLES TO SAID SOUTH LINE OF SAID SECTION 9, A
DISTANCE OF 40 RODS; THENCE WEST PARALLEL WITH SAID SOUTH LINE OF SAID SECTION 9, A DISTANCE OF 40 RODS; THENCE SOUTH A DISTANCE OF 40 RODS TO THE SOUTH LINE OF SAID SECTION 9; THENCE EAST ON SAID SECTION LINE A DISTANCE OF 40 RODS TO THE PLACE OF
BEGINNING, SAID PARCEL OF LAND HAVING A UNIFORM WIDTH OF 138 1/3 FEET AND A DEPTH OF 40 RODS. 
 PARCEL 4: 

THE EAST 1/2 OF THE SOUTH 1/2 OF THE EAST 20 ACRES OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10 SOUTH, RANGE 8 EAST IN OREGON TOWNSHIP,
LUCAS COUNTY, OHIO, CONTAINING 5 ACRES, MORE OR LESS. EXCEPTING THEREFROM THAT PORTION OF SAID PREMISES DEEDED TO THE Y.M.C.A. OF GREATER TOLEDO IN 77-715E03 AND 77-560A11 AND THAT PORTION LYING WITHIN 1-280. 

PARCEL 5: 
 THE WEST 1/2 OF THE SOUTH 1/2 OF THE
EAST 20 ACRES OF THE SOUTHWEST 1/4 OF SECTION 9, IN TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, MORE OR LESS. 

EXCEPTING THEREFROM THAT PORTION LYING WITHIN I-280. 

  
 77 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 PARCEL 6: 
 THE EASTERLY 138 1/3 FEET OF THE WESTERLY 378 1/3 FEET OF THE PARCEL OF LAND DESCRIBED AS FOLLOWS: 

THAT PART OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10 SOUTH, RANGE 8 EAST IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, COMMENCING AT A POINT ON
THE SOUTH LINE OF SAID SECTION, WHICH IS 20 RODS WEST FROM THE SOUTH 1/2 POST OF SAID SECTION 9; THENCE NORTH AT RIGHT ANGLES TO SAID SOUTH LINE OF SAID SECTION 9, A DISTANCE OF 40 RODS; THENCE WEST PARALLEL WITH SAID SOUTH LINE OF SAID SECTION 9, A
DISTANCE OF 40 RODS; THENCE SOUTH, A DISTANCE OF 40 RODS, TO THE SOUTH LINE OF SAID SECTION 9, AND THENCE EAST ON SAID SECTION LINE, A DISTANCE OF 40 RODS, TO THE PLACE OF BEGINNING, THE PARCEL HEREBY CONVEYED CONTAINING 2.09 ACRES, MORE OR LESS.

 PARCEL 7: 
 THE WESTERLY 120 FEET OF
THE PARCEL OF LAND DESCRIBED AS FOLLOWS: THAT PART OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION NUMBER 9 IN TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, COMMENCING 20 RODS WEST FROM THE SOUTH 1/4 POST OF SAID SECTION
NUMBER 9; THENCE NORTH AT RIGHT ANGLES TO SAID SECTION LINE 40 RODS; THENCE WEST PARALLEL TO SAID SOUTH LINE OF SECTION NUMBER 9, 40 RODS; THENCE SOUTH 40 RODS TO SAID SECTION LINE; THENCE EAST TO THE PLACE OF BEGINNING CONTAINING 10 ACRES.

 PARCEL 8: 
 THE SOUTH 130.85 FEET OF
THE NORTH 17 1/2 ACRES OF THE WEST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/2 OF SECTION NUMBER 9, TOWN 10 SOUTH, RANGE 8 EAST IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, EXCEPTING THEREFROM THE NORTH 1014.02 FEET THEREOF. 

PARCEL 9: 
 THE EASTERLY 120 FEET OF THE
WESTERLY 240 FEET OF THE PART OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, DESCRIBED AS FOLLOWS: COMMENCING 20 RODS WEST FROM THE SOUTH 1/4 POST OF SAID SECTION 9; THENCE
NORTH AT RIGHT ANGLES TO SAID SECTION LINE 40 RODS; THENCE WEST PARALLEL TO SAID SOUTH LINE OF SECTION NUMBER 9, 40 RODS; THENCE SOUTH 40 RODS TO SAID SECTION LINE; THENCE EAST TO THE PLACE OF BEGINNING, CONTAINING 10 ACRES, MORE OR LESS.

 PARCEL 10: 
 THE SOUTH 7.57 ACRES OF
THE NORTH 15 ACRES OF THE WEST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10 SOUTH, 

  
 78 

 Attachment to Schedule 2.2.22 

Excluded Assets: Miscellaneous Assets 

 

 RANGE 8 EAST IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 BEGINNING AT A CONCRETE MONUMENT ON THE WEST LINE OF SAID PARCEL THAT IS 1014.02 FEET SOUTH OF THE CENTER LINE OF PICKLE ROAD; THENCE
CONTINUING SOUTH 0° 22’ 43” EAST ALONG THE WEST LINE OF SAID PARCEL 978.01 FEET TO A CONCRETE MONUMENT; THENCE NORTH 89° 31’ 10” EAST 337.51 FEET TO THE EAST LINE OF SAID PARCEL; THENCE NORTH 0° 23’ 45” WEST
ALONG THE EAST LINE OF SAID PARCEL 976.48 FEET TO A POINT; THENCE SOUTH 89° 46’ 40” WEST 337.22 FEET TO THE PLACE OF BEGINNING, CONTAINING 7.57 ACRES MORE OR LESS. 
 PARCEL 11: 
 THE WEST 5/19 OF THAT PART OF THE WEST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 9, TOWN 10
SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP, LUCAS COUNTY, OHIO, WHICH LIES SOUTH OF THE NORTH 61 ACRES OF SAID WEST 1/2 OF SAID SOUTHWEST 1/4 OF SAID SECTION 9, MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

BEGINNING AT THE SOUTHWEST CORNER OF SECTION 9, TOWN 10 SOUTH, RANGE 8 EAST; THENCE NORTH 89 DEG. 31’ 10” EAST ALONG THE SOUTH LINE OF SAID
SECTION 9 A DISTANCE OF 350.71 FEET; THENCE NORTH 0 DEG 20’ 10” WEST PASSING THROUGH A CONCRETE MONUMENT 30 FEET NORTH OF SAID SOUTH LINE OF SAID SECTION 9 A DISTANCE OF 660.43 FEET TO A CONCRETE MONUMENT; THENCE SOUTH 89 DEG. 38’
55” WEST A DISTANCE OF 350.61 FEET TO THE WEST LINE OF SAID SECTION 9; THENCE SOUTH 0 DEG. 19’ 39” EAST ALONG THE WEST LINE OF SAID SECTION 9 A DISTANCE OF 661.21 FEET TO THE POINT OF BEGINNING CONTAINING 5.32 ACRES OF LAND, MORE OR
LESS. 
 PARCEL 12: 

THE SOUTH 30 ACRES OF THE SOUTH 61 ACRES OF THE WEST 1/2 OF THE SOUTHWEST  1/4 OF SECTION 9, TOWN 10 SOUTH, RANGE 8 EAST, IN OREGON TOWNSHIP,
LUCAS COUNTY, OHIO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT ON THE WEST LINE OF SECTION 9, TOWN 10 SOUTH, RANGE 8
EAST, THAT IS 661.21 FEET NORTHERLY OF THE SOUTHWEST CORNER OF SAID SECTION 9; THENCE NORTH 89° 38’ 55” EAST A DISTANCE OF 1332.34 FEET TO A CONCRETE MONUMENT; THENCE NORTH 0° 21’ 45” WEST A DISTANCE OF 981.05 FEET TO A
POINT; THENCE SOUTH 89° 38’ 55” WEST A DISTANCE OF 1331.74 FEET TO A POINT ON THE WEST LINE OF SAID SECTION 9 THAT IS 981.05 FEET NORTHERLY OF THE POINT OF BEGINNING; THENCE SOUTH 0° 19’ 39” EAST ALONG THE WEST LINE OF
SAID SECTION 9 A DISTANCE OF 981.05 FEET TO THE POINT OF BEGINNING, CONTAINING 30 ACRES OF LAND, MORE OR LESS. 

  
 79 

 Schedule 2.4.8 

Retained Litigation 
 [REDACTED] 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
 PART I. HYDROCARBON INVENTORY QUANTIFICATION PROCEDURES 
  

	(A.)	OVERVIEW: 

Reference is made to the Asset Sale and Purchase Agreement dated as of December 2, 2010 (the “Agreement”), by and
among the Seller and the Buyer referenced therein. This document is Part I of this Schedule 2.6.3.2. Part II of Schedule 2.6.3.2 is attached hereto. All capitalized terms used in this Schedule 2.6.3.2 that are not otherwise defined herein shall have
the meanings ascribed to such terms in the Agreement. 
 Pursuant to the Agreement, the Buyer has agreed to purchase and the
Seller has agreed to sell at the Closing the Hydrocarbon Inventory (as defined in the Agreement) and the value of such Hydrocarbon Inventory (calculated in accordance with Parts I and II of this Schedule 2.6.3.2) will, pursuant to Section 2.6.3
of the Agreement, constitute an upward adjustment to the Purchase Price. 
 The calculation of the value of the Hydrocarbon
Inventory as of the Hydrocarbon Inventory Transfer Time (defined below) for purposes of the adjustment of the Purchase Price pursuant to Section 2.6.3 of the Agreement and the corresponding preparation of the Post-Closing Statement, shall be
done in accordance with the physical inventory procedures identified below in this Part I of this Schedule 2.6.3.2 and by application of the valuation formulae identified in Part II of this Schedule 2.6.3.2. 

The physical inventory shall measure Hydrocarbon Inventory as of 00:00:01 local time on the Closing Date (the “Hydrocarbon
Inventory Transfer Time”). 
  

	(B.)	HYDROCARBON INVENTORY INCLUSIONS AND EXCLUSIONS: 

 For clarification, “Hydrocarbon Inventory” is defined in the Agreement as follows: 
 “Hydrocarbon Inventory” means the following hydrocarbon and hydrocarbon-derived inventory of the Seller located at or associated with the Facilities (which shall be measured and valued in
accordance with Schedule 2.6.3.2): (i) raw materials (including crude oil and gas oil), feedstocks and intermediate stocks (including vacuum gas oil, light cycle oil, and naphtha) that are in transit to the Facilities in Third Party
pipelines (or in pipelines owned or controlled by SXL) and raw materials, feedstocks and intermediate stocks designated as Sunoco-owned line fill in Third Party pipelines (or in pipelines owned or controlled by SXL) on which Seller ships such oil
and stocks into the Facilities; (ii) raw materials, blendstocks (including ethanol, additives, biodiesel, and butane which is to be blended into a finished product), feedstocks and intermediate stocks that are located at the Facilities, in
transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer
Time;-(iii) refined products (including gasoline, distillates, residuals, HARF, clarified slurry oil, sulfur, propanes, and butanes which are to be sold as finished product) located at the Facilities, in transit from the Facilities or residing
in Third Party storage (or storage owned or 

  
 81 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

 
controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (iv) petrochemical products (including
benzene, toluene, xylene, tetramer and nonene) located at the Facilities, in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller
to a Third Party as of the Hydrocarbon Inventory Transfer Time; (v) tank heels associated with any of the foregoing; (vi) BS&W, intra-refinery line fill, and unit fill at the Facilities. 

For purposes of calculating the value of Hydrocarbon Inventory pursuant to the Agreement, the Parties will exclude the following
Hydrocarbon Inventory items and not make an adjustment to the final Purchase Price of the asset: 
  

	 	•	 	 Intra-Refinery linefill; 

  

	 	•	 	 BS&W in storage tanks; 

  

	 	•	 	 Unit fill at the Facilities. 

 Waste water, sludge and storm water tanks included in the Purchased Assets will not be measured as of the Hydrocarbon Inventory Transfer Time and no Hydrocarbon Inventory value will be assigned to the
contents of these tanks pursuant to this Schedule 2.6.3.2. 
  

	(C.)	INDEPENDENT INSPECTION; 

 All gauging, temperature measuring, sampling and testing will be done by a Customs Approved Inspection Company (the “Petroleum Inspection Company”) mutually agreed to by the Seller and
the Buyer. Seller and Buyer shall have the right to participate in the physical inventory measurement by observing the gauging, temperature readings, sampling, net volume calculations and testing during the physical inventory measurement. Costs for
the Petroleum Inspection Company, including incidental costs (such as cans, bombs, seals, etc.), shall be paid 50% by the Seller and 50% by the Buyer. 
  

	(D.)	ACCEPTANCE AND REVIEW- INVENTORY COMMITTEE; 

 The Parties agree that a single governing body, the “Inventory Committee,” composed of a representative each of the Buyer, Seller and Petroleum Inspection Company shall provide instruction and
oversight to the individual site Inventory Teams (defined below) for the determination of the final Hydrocarbon Inventory quantity. The Inventory Committee will develop and issue the Inventory Schedule (defined below) for each site involved in the
process. Prior to the Closing, each Party will designate an equal number of individuals as its representatives. All Hydrocarbon Inventory tanks, in or out of service, will be included on the Inventory Schedule. All matters pertaining to the
execution of this document will be addressed by the Inventory Committee. 

  
 82 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

	(E.)	INVENTORY QUANTIFICATION PROCEDURES: 

 At least ten (10) days prior to the Closing Date, the Inventory Committee shall develop and mutually agree upon a gauging and sampling schedule by site, location and tank (the “Inventory
Schedule”). 
 The Inventory Committee shall use inventory statements from the third party pipeline or terminal
operators (including SXL) to determine the volume of (i) raw materials (including crude oil and gas oil), feedstocks and intermediate stocks (including vacuum gas oil, light cycle oil, and naphtha) that are in transit to the Facilities in Third
Party pipelines (or in pipelines owned or controlled by SXL) and raw materials, feedstocks and intermediate stocks designated as Sunoco-owned line fill in Third Party pipelines (or in pipelines owned or controlled by SXL) on which Seller ships such
oil and stocks into the Facilities; (ii) raw materials, blendstocks (including ethanol, additives, biodiesel, and butane which is to be blended into a finished product), feedstocks and intermediate stocks that are in transit from the Facilities
or residing in Third Party storage (or storage owned or controlled by SXL), excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (iii) refined products (including
gasoline, distillates, residuals, HARF, clarified slurry oil, sulfur, propanes, and butanes which are to be sold as finished product), in transit from the Facilities or residing in Third Party storage (or storage owned or controlled by SXL),
excluding any such products for which title has passed from Seller to a Third Party as of the Hydrocarbon Inventory Transfer Time; (iv) petrochemical products (including benzene, toluene, xylene, tetramer and nonene) in transit from the
Facilities or residing in Third Party storage (or storage owned or controlled by SXL). 
 For all hydrocarbon inventory located
at the Facilities, the Inventory Schedule shall include all hydrocarbon inventory tanks, in or out of service, and shall indicate the following for each tank, at each site listed on Exhibit 1 attached hereto, comprising the Seller’s
Hydrocarbon Inventory: 
  

	 	•	 	 Storage tank location, tank number, type of roof and tank type by site 

 

	 	•	 	 Status at closing (active, inactive or out of service) 

 

	 	•	 	 Tank contents 

  

	 	•	 	 Tank equipment [i.e., mixers, heating coils or tubes] 

 

	 	•	 	 Tank reference gauge height 

  

	 	•	 	 Tank calibration (ullage or innage), last tank calibration date and tank “critical zone” 

 

	 	•	 	 Total tank volume and heel volume 

  

	 	•	 	 Design of tank gauging tube (slotted or solid), estimation of bottom sludge 

 

	 	•	 	 Any specific gauging or sampling limitations [i.e. fresh air, no roof ladder] 

  
 83 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

 The gauging, temperature correction, sampling and API gravity for each tank shall be
done at the agreed time at each location by a Petroleum Inspection Company representative. The Buyer and Seller may have a representative(s) observe the gauging, sampling and measurement readings taken by the Petroleum Inspection Company
representative. The Petroleum Inspection Company representative along with any representatives from the Buyer and Seller as observers shall constitute the (the “Inventory Team”). Hand gauges, temperature readings, and/or automatic
gauge readings in the case of spheres, will be taken at the storage tanks, spheres and pre-loaded rail cars containing Hydrocarbon Inventory. Inventory quantity is determined by calculating total volume in each identified tank, including tank heels,
and adjusting for free water and BS&W. The Parties shall be deemed to have accepted the accuracy of the gauging and temperature measurements of a tank, pipeline, sphere or rail car as recorded by the Petroleum Inspection Company on the work form
(to be mutually developed by the Inventory Committee) if the authorized representatives of the Seller and the Buyer “sign-off” on the individual tank work form. Additional sampling will be taken by a Petroleum Inspection Company upon the
request of either Buyer or Seller at the sole expense of the requesting Party. 
 In the event a determination of the quality of
some products must be performed, the Inventory Committee will direct that samples be obtained and tested. Samples of such products shall be jointly taken as described in subsequent sections, and such test shall be conducted at the Seller’s
laboratory under the oversight of the Inventory Committee. The Buyer and Seller may witness any laboratory testing. The results of the tests so run shall be binding on the Parties. All products, in the process of unit rundown or blending, are deemed
to be within product specification since all product shipped must conform to manufacturing and/or customer specifications. 

All Hydrocarbon Inventory measurements such as gauge readings, temperature readings, and water cuts shall be completed to the best of
their abilities by the Parties’ representatives at the time the measurement is taken. Any disputes shall be resolved by noon by the Inventory Committee the following working day (or in the case of quality disputes, promptly following receipt of
test results by the Inventory Committee). 
  

	(F.)	GAUGING/SAMPLING PROTOCOL: 

 All gauging, sampling and testing related to the determination of quality and quantity of the products in each tank, pipeline, sphere or rail car shall be done in accordance with applicable API Manual of
Petroleum Measurement Standard (latest revision) procedures, or by currently accepted industry standards or procedures. The specific standards and procedures to be used shall be determined by the Inventory Committee at least ten days prior to the
Closing. 
  

	(G.)	CERTIFICATION OF GAUGING: 

 The Petroleum Inspection Company(s) will calibrate, standardize and certify all gauging tapes, pressure gauges, electronic hand held instruments and thermometers used in the transfer of all Inventory. The
Petroleum Inspection Company will provide any requested calibration or certification documentation to the Inventory Committee on request. 

  
 84 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

	(H.)	PRE-CLOSING INVENTORY PROCEDURES: 

 Prior to the Hydrocarbon Inventory Transfer Time, the Seller will make every reasonable effort to minimize active pipelines, tanks, loading rack and dock facilities. The Seller’s personnel in
conjunction with the Inventory Committee shall determine which Tanks shall be active and inactive as of the Hydrocarbon Inventory Transfer Time. The aforementioned Inventory Schedule will take into account this determination and will provide for
performing the physical inventory of both active, inactive and out of service storage tanks prior to the Hydrocarbon Inventory Transfer Time. Said Inventory Schedule will be subject to the approval of the Inventory Committee. 

 

	(I.)	FACILITY PHYSICAL INVENTORY PROCEDURES: 

 1. General: 
 In-use tanks with floating roofs shall contain sufficient
product to “float” the roof above the critical zone when it is being gauged. Tanks equipped with steam coils or other means of heating product will have the heat shut off at least one (1) hour prior to gauging. Tank mixers shall be
shut off at least two (2) hours prior to gauging. Representative tank content temperature measurements will be obtained at the time of gauging, except as otherwise provided herein. 
 2. Nonmoving Tanks (Inactive Tanks) & Out of Service Tanks: 
 All
tanks that are standing with no movement in or out as of the Hydrocarbon Inventory Transfer Time (“Inactive Tanks”) will be gauged and sampled prior to the Hydrocarbon Inventory Transfer Time in accordance with the Inventory
Schedule. All valves in and out of the tank will be closed and sealed at the time of gauging. Out of service tanks with open manways shall be verified as empty and open by the Petroleum Inspection Company and similarly sealed. The Petroleum
Inspection Company will seal the tank valves and will be responsible for recording seal numbers and locations. If it is necessary to break seals to transfer oil into or out of a sealed gauged tank, prior notification and confirmation must be
obtained from the Inventory Committee in order to keep accurate records of the proceedings. The Petroleum Inspection Company will remove the car seals immediately after the Hydrocarbon Inventory Transfer Time after verifying the integrity of the
tank car seal locations and identification numbers. Any car seal location or number discrepancies will be immediately brought to the attention of the Inventory Committee. 
 Once inventorying operations have started, no tank switching, changes or movements shall be made without notification to the Inventory Committee representatives conducting the hydrocarbon measurement. If
tank seals are broken, the tank must be resealed when movement stops. Said tank must then be re-gauged, re-sampled and temperature determined anew. Otherwise, it will be gauged as an Active Tank (defined below). 

  
 85 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

 Inactive Tanks that are required for thermal relief of connecting pipelines will be
gauged using said Inactive Tank’s automatic gauge reading. The automatic gauge will be calibrated as close to the Hydrocarbon Inventory Transfer Time as possible. The automatic gauge reading will be monitored every 10 minutes for 90 minutes
before and after the transfer time to confirm that there was no movement into or out of said inactive tank. In cases where the automatic gauge readings indicate tank movement, the tank will be gauged immediately as an Active Tank. 

3. Moving Tanks (Active Tanks): 
 Any tank that must have movements in or out (“Active Tanks”) during the physical inventory measurement process as of the Hydrocarbon Inventory Transfer Time will be manually gauged during
a period in which said tank is temporarily made inactive, as close to the Hydrocarbon Inventory Transfer Time as possible. The tank hand gauge will be compared to the tank automatic (“Varec”) gauge and the difference recorded for later
tank inventory adjustment. 
 Any tank that will remain active during the inventory period will be measured as close to the
Hydrocarbon Inventory Transfer Time as possible. The gross inventory measurement will be taken from the tanks automatic (e.g. “Varec”) gauge and adjusted for any volume differences identified previously between the tank hand gauge and
automatic gauge. The volume difference between the two measurements, in gross inches or fractions thereof, will be recorded on the tanks’ physical inventory worksheet. The Inventory Schedule will denote such tanks. 

4. Gauging Tanks Containing Sludge: 
 Tanks containing sludge may be difficult to gauge accurately using an innage measurement. Tanks containing sludge shall have the liquid inventory determined by taking ullage measurements and averaging the
physical measurements obtained through several of the tank’s gauging hatches, still wells, or other openings, using a steel gauging tape with attached bob. As mutually agreed by the Inventory Committee, several determinations will be made until
an agreement in inventory levels is reached. 
 5. Loaded Rail Cars, Tank Trucks: 

All trucks and railcars loaded at Hydrocarbon Inventory Transfer Time will be considered as Seller’s product and will be part of the
Hydrocarbon Inventory, unless custody of the product has been assumed by the customer at the time of loading. The Inventory Committee shall quantify Hydrocarbon Inventory contained in pre-loaded cars by referring to the loading documentation,
completed by refinery operations personnel in the ordinary course of business, which will include the gauging, temperature and gravity information at the time of loading. 

  
 86 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

 6. Sampling, Testing and Retention of the Facility Samples: 

a. Intermediates: 
 Two one (1) quart composite samples of each tank which contains liquids under normal storage conditions shall be prepared by mixing three equal volume samples (“Top”,
“Middle” and “Bottom” as defined below). The “Top” sample is to be drawn from the upper one-third of the tank volume, the “Middle” from the middle one-third of the tank volume, and
the “Bottom” from the bottom one-third of the tank volume. Alternatively a “running” all level sample may be obtained from the tank at the determination of the Inventory Committee. 

b. Light Oil Products: 
 Two one (1) quart “running” all level samples, by drawing the sample bottle up through the volume of each tank that contains liquids under normal storage conditions. 

c. For any tank(s) that can not be sampled in accordance with 7 a) or b), the following sample process will be followed: 

 

	 	•	 	 Clean metal sample bombs, as supplied by Seller’s laboratory or the Petroleum Inspection Company, will be used for sampling the propane bullet
tanks and the LPG spheres. 

 Retain samples, from all tanks, will be held for a period determined by the
Inventory Committee. 
 Tests for quality of all products shall be in accordance with standard industry ASTM or EPA testing
procedures. For all products which are blending or in the process of unit rundown, the parties agree that the individual tank and product subjected to the inventory schedule, will ultimately be valued at the value of the intended finished product
designated for the tank in question. 
 7. Measurement Process: 
 a. Non-pressurized Storage Tanks: 
 To determine the total volume in each
tank, to include tank heels and adjusting for free water and BS&W, the following items will be measured, and recorded for each atmospheric tank by site: 
  

	 	•	 	 Tank location, tank number, any tank seal numbers and tank type by site 

 

	 	•	 	 Date and time of gauging and sampling 

  

	 	•	 	 Tank contents 

  

	 	•	 	 Gauge in feet and inches, and fraction thereof, specifying outage or innage, determined according to tank type as follows:

  
 87 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

	 	•	 	 Cone or external/internal floating roof tanks: vertical distance in feet, inches and fractions thereof from tank bottom or datum plate to the uppermost
point where product level is identified on the gauge tape, (“innage”) 

  

	 	•	 	 Tanks containing sludge or compromised datum plate: vertical distance in feet, inches and fractions thereof, from tank reference point to the uppermost
product level as identified on the gauge tape (“outage”) 

  

	 	•	 	 Temperature readings in accordance with API Chapter 7. 

 

	 	•	 	 Free water level (“water cut”). 

  

	 	•	 	 Automatic product gauge reading measure in feet and inches, and fraction thereof, (if tank is so equipped) specifying outage or innage, and equivalent
quantity in appropriate units (“Automatic Gross Tank Inventory”). 

  

	 	•	 	 Representative samples, as defined in Item 7 above, shall be drawn to determine BS&W, API gravity, and any other properties as determined by
the Inventory Committee. 

 The Manual Gross Tank Inventory shall be compared to the Automatic Gross Tank
Inventory taken at or about the same time. As previously specified, any significant difference in inventory measurements (such as sampling, temperature readings, and manual versus automatic gauges) shall be promptly resolved to the best of their
abilities by representatives of the Inventory Committee at the time the measurement is taken. The final total inventory quantity, so resolved, will ultimately be the inventory for the specific tank and product being inventoried. 

Using the appropriate API Measurement Table for the specific vessel and product being inventoried, the “Net Standard
Inventory” quantity, in appropriate units, shall be determined to 60°F, after deducting BS&W from the Gross Tank Inventory. 
 The total Hydrocarbon Inventory volume for products in non-pressurized storage tanks, for valuation purposes, is the Net Standard Inventory. 

b. Pressurized Storage Tanks: 
 To determine the total volume in each tank, to include tank heels and adjusting for free water and BS&W, the following items will be measured and recorded for each pressurized vessel and the
hydrocarbon storage cavern: 
  

	 	•	 	 Tank location, tank number, any tank seal numbers and tank type by site. 

 

	 	•	 	 Date and time of gauging and sampling 

  

	 	•	 	 Tank contents. 

  

	 	•	 	 Any automatic product gauge reading (with existing tank technology) measuring the product level in feet and inches, and fraction thereof, specifying
outage or innage, and equivalent quantity in appropriate units (“Automatic Gross Tank Inventory”). 

  
 88 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

	 	•	 	 Temperature readings from the tank’s temperature gauge according to Chapter 7 API Standard. 

 

	 	•	 	 Bomb Samples, as defined in Item 7 above, shall be drawn to determine the tank contents, purity, density and any other properties as requested by
the Inventory Committee. The Inventory Committee will determine which products should be subjected to this step. 

 The total Hydrocarbon Inventory for products in pressurized storage tanks, for valuation purposes, is the Net Standard Inventory. 
 c. Inventory by Product: 
 For each product type, the Net Standard Inventory
for each tank which contains product of that type, to include tank heels, will be summed to form the Hydrocarbon Inventory quantity for the particular Product being inventoried. 

 

	(J.)	METER READINGS – LOADING RACKS AND PIPELINES: 

 1. Inactive Systems: 
 Meter readings shall be obtained on all inactive
metered systems (tank truck rack, rail car rack and pipeline) in advance of the Hydrocarbon Inventory Transfer Time. The Petroleum Inspection Company will secure these systems by sealing same and/or inserting meter tickets in these meters to ensure
that no product is moved through these systems during the physical inventory process. 
 The last tickets used to record product
sales, incoming receipts, product shipments and other product movements will be photocopied and retained by Buyer, Seller and the Petroleum Inspection Company. 
 2. Active Systems: 
 It is the intent of the Parties that there will be no
active metered systems at the Hydrocarbon Inventory Transfer Time. 
  

	(K.)	POST-INVENTORY PROCEDURES: 

 1.
Both Parties’ Inventory Committee representatives shall sign the work sheet/gauge ticket for each tank inventoried, which shall include the calculation of net observed volume. 
 2. Similarly, the Inventory Committee shall verify that all pipelines were inactive, full and pressed and free of voids at the Hydrocarbon Inventory Transfer Time and shall identify and acknowledge the
last rack sale, product shipment, and product receipt prior to the closing physical inventory. 

  
 89 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

 3. An inspection shall be made to assure that all systems previously closed and sealed remained inactive
during the physical inventory closing and that no product movements occurred through these systems. 
  

	(L.)	CALCULATION OF FINAL INVENTORY QUANTITY & POST-CLOSING STATEMENT: 

Within twenty (20) days of the Closing Date, the Petroleum Inspection Company shall provide the Seller and the Buyer with a report
indicating the final Net Standard Inventory volume and qualitative test results by tank, pipeline or sphere for all Hydrocarbon Inventory as of the Hydrocarbon Inventory Transfer Time. The Petroleum Inspection Company’s final net inventory
calculation will determine the total Hydrocarbon Inventory volume. 
 [The value of any material with quality specifications
that differ substantially from properties which are typical of that product, as appropriate, will be adjusted as mutually agreed by the Seller and the Buyer as part of the Post-Closing Statement. Products that are in the process of blending or
rundown from process units, are excluded from this step and are deemed in spec material. 
 Upon receipt of the Petroleum
Inspection Company’s final report, the Inventory Committee will have a five (5) day review period, during which time either Party may question the calculations and/or test results and during which time the Inventory Committee will resolved
all outstanding quantity and quality disputes. Upon completion of this review period, the Inventory Committee will report to the Seller and the Buyer the final Hydrocarbon Inventory volume and quality as of the Hydrocarbon Inventory Transfer Time
(the “Final Inventory Quantity Report”). The Buyer shall use this Final Inventory Quantity Report, together with the pricing formulae set forth in Part II hereof, to prepare the Post-Closing Statement (as provided in
Section 2.6.3.4 of the Agreement). 

  
 90 

 Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
  

 Part II of Schedule 2.6.3.2 
 Toledo Hydrocarbon Inventory Valuation: 
 [REDACTED] 

  
 91 

 Attachment to Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
 Exhibit 1 
 [REDACTED] 

  
 92 

 Attachment to Schedule 2.6.3.2 

Hydrocarbon Inventory Value 
 Exhibit 2 
 [REDACTED] 

  
 93 

 Schedule 2.6.4 

Participation Payment 
  

	 	•	 	 Calculation of the Participation Payment will be made by Buyer and paid to Seller within 120 calendar days of the end of the calendar year for the
years 2011, 2012, 2013, 2014, 2015 and 2016. 

  

	 	•	 	 The Participation Payment for each applicable calendar year shall be an amount equal to twenty-five percent (25%) of the amount by which the
Purchased Assets EBITDA (as defined below) for such calendar year exceeds one hundred twenty-five million dollars ($125,000,000) (the “Threshold EBITDA”). [REDACTED] 

 

	 	•	 	 [REDACTED] 

  

	 	•	 	 [REDACTED] 

  
 94 

 Schedule 2.6.4 

Participation Payment 
  

	 	•	 	 For the 2011 calendar year, the $125,000,000 Threshold EBITDA will be prorated and calculated as $125,000,000 multiplied by the number of days from and
including the Closing Date through the end of 2011 divided by 365 (the “2011 Prorated Threshold EBITDA”). The calendar year 2011 Participation Payment shall be calculated as twenty-five percent (25%) of the amount by which the
Purchased Assets EBITDA exceeds the 2011 Prorated Threshold EBITDA. 

  

	 	•	 	 A Participation Payment will also be calculated for the calendar year ending in 2016. The 2016 Participation Payment will also be prorated and shall be
calculated as (1) twenty-five percent (25%) of the amount by which the Purchased Assets EBITDA exceeds one hundred twenty-five million dollars ($125,000,000) in calendar year 2016, multiplied by (2) a fraction consisting of the number
of days from and including January 1, 2011 to the 2011 Closing Date divided by 365. 

  

	 	•	 	 The aggregate amount of all Participation Payments to be made by Buyer hereunder shall not exceed one hundred twenty-five million dollars
($125,000,000). 

  

	 	•	 	 Within 90 days of the end of each applicable calendar year, Buyer shall deliver to Seller a statement setting forth Buyer’s calculation of the
Participation Payment (which shall include a statement signed by a senior officer of Buyer certifying that such calculation was made by Buyer in good faith and in accordance with the terms of this Schedule 2.6.4). Along with such statement and
payment, Buyer shall deliver to Seller all supporting details and work papers relating to Buyer’s calculation of the Participation Payment as Seller may reasonably request, which shall include, at a minimum, copies of Buyer’s audited
financial statements, including footnotes and its Form 10-K if required to file with the SEC. 

  

	 	•	 	 Seller will have twenty days to review and question or dispute Buyer’s calculation of the Participation Payment. If Seller disputes Buyer’s
calculation of any Participation Payment, Seller shall deliver written notice of such dispute to Buyer within twenty days after Seller’s receipt of Buyer’s calculation of such Participation Payment. 

 

	 	•	 	 Seller and Buyer shall have ten days to resolve any disputed items identified in Seller’s dispute notice. At the end of such ten-day period, Buyer
shall pay to Seller an amount equal to the adjusted Participation Payment, excluding any unresolved disputed items. Such amount shall be delivered within 120 days of the end of each applicable calendar year by wire transfer of immediately available
funds to an account designated by Seller in writing. 

  

	 	•	 	 Any disputed items that are not resolved by the parties within such period shall be submitted to the Accountants for a final binding resolution of such
disputed items. The fees, costs and expenses of the Accountants for such resolution shall be borne by the Buyer, on the one hand, and the Seller, on the other hand, in the same proportion that the dollar amount of disputed items lost by the Buyer on
the one hand, or the Seller, on the other hand, bears to the total dollar amount in dispute that is resolved by the Accountants. If the Participation Payment for any particular year as finally determined exceeds the 

  
 95 

 Schedule 2.6.4 

Participation Payment 
  

	 	 
amount paid by Buyer for such calendar year, then Buyer shall deliver to Seller an amount equal to the difference together with interest at the rate set forth in the Promissory Note from the date
on which Buyer made such original payment. If the Participation Payment for any particular year as finally determined is less than the amount paid by Buyer for such calendar year, then Seller shall deliver to Buyer an amount equal to the difference,
together with interest at the rate set forth in the Promissory Note from the date on which Buyer made such original payment. Any amount to be paid pursuant to this paragraph shall be paid within 5 Business Days after the Participation Payment is
finally determined, and such payment shall be made by wire transfer of immediately available funds to an account designated by the party entitled to receive such payment. 

  
 96 

 Schedule 3.1.2 

Authorization of Transaction - Seller 
 None. 

  
 97 

 Schedule 3.2.1.2 

Authorization of Transaction - Buyer 
 None. 

  
 98 

 Schedule 3.2.2.2 

Non-contravention - Buyer 
 None. 

  
 99 

 Schedule 4.1.2 

Real Property 
  

	1.	Purchase option granted to the Sun Federal Credit Union pursuant to that certain Lease Agreement dated April 1, 1994 by and between Seller, as lessor, and Sun
Federal Credit Union, as lessee (the “CU Tenant”). By letter dated December 15, 2010, the CU Tenant provided notice of its intent to exercise its purchase option. On February 15, 2011, Seller and CU Tenant executed that
certain Agreement to Purchase pursuant to which Seller agreed to sell and CU Tenant agreed to purchase the premises leased under the Lease Agreement. Pursuant to the Agreement to Purchase, Seller has authorized the CU Tenant to apply for a tax
parcel split necessary for the consummation of the transaction contemplated by said Agreement to Purchase. 

  

	2.	Seller may not have recorded rights of way and/or easement rights for the 6” Fuel Oil (16-233) and 8” Fuel Oil (16-234) pipelines at one or more places where
such pipelines run upon, under or through land of third parties, including but not limited to areas where the pipelines approach, intersect or cross 1-280. 

 

	3.	The 6” Fuel Oil (16-233) and 8” Fuel Oil (16-234) pipelines may fall outside of recorded easement areas granted by Toledo Edison Company.

  

	4.	Reference is made to Item 5 of Schedule 5.3. 

  
 100

 Schedule 4.1.3 

Sufficiency of Assets 
 The Toledo Refinery’s FCC Power Recovery Train expander has experienced in the last twelve months and currently still is experiencing fouling, which requires routine cool downs to remove. Seller
believes the fouling is being caused by high levels of vanadium in the crude, which then makes its way to the FCC and eventually on the expander. While Seller is tracking the source of the high vanadium crudes, it is working to reduce the amount of
vanadium on the FCC catalyst by increasing the amount of fresh catalyst added to the FCC. Seller is also routinely injecting walnut shells to abrade the fouling material from the expander blades. 

Reference is made to the FFS Evaluation, FCC Reactor (R-2102) Final Report, Sunoco Inc. Toledo Refinery, Oregon, OH, February, 2011, prepared by The
Equity Engineering Group, Inc. 

  
 101

 Schedule 4.1.4(a) 

Material Contracts 

Except as may be specifically set forth in this Schedule 4.1.4(a), all contracts for the sale of petrochemicals by Sun Petrochemicals Company (a
Pennsylvania General Partnership and Affiliate of the Seller) currently in effect were terminated, with such termination to be effective December 31, 2010. 
 Reference is made to Schedule 2.1.2. 
 Reference is made to Item 5 on Schedule
2.1.3.  
 Crude Supply Contracts 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully Executed?
	  	
Consent to Assignment
Required?

	Purchase Agreement (Contract No. 314119) dated January 3, 2006, as amended	  	Sunoco, Inc. (R&M)	  	Suncor Energy Marketing Inc.	  	No	  	Yes
	Purchase Agreement (Contract No. 311998) dated September 17, 2003, as amended	  	Sunoco, Inc. (R&M)	  	Husky Energy Marketing Inc.	  	No	  	Yes
	Purchase Agreement (Contract No. 314777) dated July 25, 2006, as amended	  	Sunoco, Inc. (R&M)	  	Canadian Oil Sands Limited	  	No	  	Yes
	Purchase Agreement (Contract No. 311159) dated October 9, 2002, as amended	  	Sunoco, Inc. (R&M)	  	Nexen Marketing	  	No	  	Yes
	Purchase Agreement (Contract No. 311997) dated September 17, 2003, as amended	  	Sunoco, Inc. (R&M)	  	Marathon Oil Canada Corporation (successor to Western Oil Sands L.P.)	  	No	  	Yes
	Buy/Sell Agreement (Contract No. 317708) dated December 2, 2008, as amended	  	Sunoco, Inc. (R&M)	  	Canadian Natural Resources By Its Managing Partner Canadian Natural Resources Limited	  	No	  	Yes
	Purchase Agreement (Contract No. 312023) dated October 7, 2003, as amended	  	Sunoco, Inc. (R&M)	  	Murphy Oil Company, LTD	  	No	  	Yes
	Purchase Agreement (Contract No. 312000) dated September 18, 2003, as amended	  	Sunoco, Inc. (R&M)	  	Imperial Oil (The Partnership)	  	No	  	Yes
	Buy/Sell Agreement (Contract No. 314241; successor to Contract No. 306580) dated February 22, 2006, as amended	  	Sunoco, Inc. (R&M)	  	Suncor Energy Marketing Inc.	  	No	  	Yes
	Purchase Agreement (Contract No. 315961) dated May 3, 2007, as amended	  	Sunoco, Inc. (R&M)	  	Nexen Marketing	  	No	  	Yes

  
 102

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully Executed?
	  	
Consent to Assignment
Required?

	Buy/Sell Agreement (Contract No. 317363) dated August 22, 2008, as amended	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	No	  	Yes
	Purchase Agreement (Contract No. 317331) dated August 13, 2008, as amended	  	Sunoco, Inc. (R&M)	  	BML Inc. Crude Oil Marketing	  	No	  	Yes
	Buy/Sell Agreement 305269 effective 2/1/97, as amended	  	 Sun Company, Inc.

(R&M)
	  	Scurlock Permian Corp.	  	No	  	Yes
	Buy/Sell Agreement (Contract No. 315863) dated March 28, 2007	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	No	  	Yes
	Buy/Sell Agreement (Contract No. 310742), as amended (Exchange of Michigan Sweet Crude Oil for Domestic Sweet Crude Oil)	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	No	  	Yes
	Buy/Sell Agreement, effective 3/1/02 #310549	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	Partial	  	Yes
	Purchase Agreement 318459 effective 9/1/09, as amended	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	No	  	Yes
	Buy/Sell Agreement 314638 effective 7/1/06, as amended	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	No	  	Yes
	Cygnet Storage and Services Agreement	  	Sunoco, Inc. (R&M)	  	Sunoco Logistics Partners L.P,	  	No	  	Yes
	Contract #314119, Oil Sands A Crude Oil	  	Sunoco, Inc. (R&M)	  	Suncor Energy Marketing Inc.	  	No	  	Yes
	Contract #311998, Husky Synthetic B Crude Oil	  	Sunoco, Inc. (R&M)	  	Husky Energy Marketing Inc.	  	No	  	Yes
	Contract #319590, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Canadian Oil Sands Partnership #1	  	No	  	Yes
	Contract #311159, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Nexen Marketing	  	No	  	Yes
	Contract #311997, Premium Albian Synthetic Crude Oil	  	Sunoco, Inc. (R&M)	  	Marathon Oil Sands L.P.	  	No	  	Yes
	Contract #317708, Canadian Natural Synthetic Crude Oil	  	Sunoco, Inc. (R&M)	  	Canadian Natural Resources	  	No	  	Yes
	Contract #312023, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Murphy Oil Company LTD.	  	No	  	Yes

  
 103

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully Executed?
	  	
Consent to Assignment
Required?

	Contract #312000, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Imperial Oil	  	No	  	Yes
	Contract #314241, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Suncor Energy Marketing Inc.	  	No	  	Yes
	Contract #315961, Pembina Stream Crude Oil	  	Sunoco, Inc. (R&M)	  	Nexen Marketing	  	No	  	Yes
	Contract #317331, West Texas Intermediate Crude Oil	  	Sunoco, Inc. (R&M)	  	BML Inc. Crude Oil Marketing	  	No	  	Yes
	Contract #305269, West Texas Intermediate Crude Oil	  	Sunoco, Inc. (R&M)	  	Plains Marketing L.P.	  	No	  	Yes
	Contract #317363, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Sunoco Logistics Partners L.P.	  	No	  	Yes
	Contract #315863, West Texas Intermediate Crude Oil	  	Sunoco, Inc. (R&M)	  	Sunoco Logistics Partners L.P.	  	No	  	Yes
	Contract #314638, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Sunoco Logistics Partners L.P.	  	No	  	Yes
	Contract #318717, West Texas Intermediate Crude Oil	  	Sunoco, Inc. (R&M)	  	Shell Trading (US) Company	  	No	  	Yes
	Contract #318459, Kentucky Blend Crude Oil	  	Sunoco, Inc. (R&M)	  	Sunoco Logistics Partners L.P.	  	No	  	Yes
	Contract #318766, West Texas Intermediate Crude Oil	  	Sunoco, Inc. (R&M)	  	Sunoco Logistics Partners L.P.	  	No	  	Yes
	Contract #319654, Canadian Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Tundra Oil and Gas Ltd.	  	No	  	Yes
	Contract #319659, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan	  	No	  	Yes
	Contract #319660, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan	  	No	  	Yes
	Contract #319662, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan	  	No	  	Yes
	Contract #319663, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan	  	No	  	Yes

  
 104

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully Executed?
	  	
Consent to Assignment
Required?

	Contract #319664, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Occidental Energy Marketing, Inc.	  	No	  	Yes
	Contract #319665, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	Contract #319666, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Chevron Products Company	  	No	  	Yes
	Contract #319668, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	Contract #319669, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes
	Contract #319670, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Shell Trading Canada	  	No	  	Yes
	Contract #319671 , Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Plains Marketing L.P.	  	No	  	Yes
	Contract #319672, Canadian Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Shell Trading Canada	  	No	  	Yes
	Contract #319673, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Texon LP	  	No	  	Yes
	Contract #319674, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes
	Contract #319675, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes
	Contract #319676, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Occidental Energy Marketing, Inc.	  	No	  	Yes
	Contract #319677, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	Contract #319678, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes
	Contract #319680, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Texon LP	  	No	  	Yes
	Contract #319681, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes

  
 105

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully Executed?
	  	
Consent to Assignment
Required?

	Contract #319682, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Tidal Energy Marketing, L.L.C.	  	No	  	Yes
	Contract #319683, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Tidal Energy Marketing, L.L.C.	  	No	  	Yes
	Contract #319684, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	Contract #319685, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes
	Contract #319686, WTI Type Common Stream Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Shell Trading (US) Company	  	No	  	Yes
	Contract #319687, Canadian Syncrude Crude Oil	  	Sunoco, Inc. (R&M)	  	Canadian Oil Sands Partnership #1	  	No	  	Yes
	Contract #319688, Premium Albian Synthetic Crude Oil	  	Sunoco, Inc. (R&M)	  	Marathon Oil Canada Corporation	  	No	  	Yes
	Contract #319694, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	Contract #319689, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	Contract #319690, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes
	Contract #319691 , Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Enterprise Crude Oil, LLC	  	No	  	Yes
	Contract #319692, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Chevron Products Company	  	No	  	Yes
	Contract #319693, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Genesis Crude Oil, L.P.	  	No	  	Yes
	Contract #319695, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Citation Crude Marketing	  	No	  	Yes
	Contract #319696, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Marathon Petroleum Company LP	  	No	  	Yes
	Contract #319697, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes

  
 106

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully Executed?
	  	
Consent to Assignment
Required?

	Contract #319698, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Gavilon LLC	  	No	  	Yes
	Contract #319701, North Dakota Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Eighty Eight Oil LLC	  	No	  	Yes
	Contract #319702, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Morgan Stanley Capital Group Inc.	  	No	  	Yes
	Contract #319703, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Morgan Stanley Capital Group Inc.	  	No	  	Yes
	Contract #319704, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Occidental Energy Marketing, Inc.	  	No	  	Yes
	Contract #319705, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Occidental Energy Marketing, Inc.	  	No	  	Yes
	Contract #319706, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Texon LP	  	No	  	Yes
	Contract #319707, North Dakota Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Eighty Eight Oil LLC	  	No	  	Yes
	Contract #319708, North Dakota Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Texon LP	  	No	  	Yes
	Contract #319709, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Texon LP	  	No	  	Yes
	Contract #319710, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes
	Contract #319714, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Hess Trading Company	  	No	  	Yes
	Contract #319715, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Gavilon LLC	  	No	  	Yes
	Contract #319716, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Texon LP	  	No	  	Yes
	Contract #319711, North Dakota Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	ConocoPhillips Company	  	No	  	Yes
	Contract #319717, Domestic Sweet Crude Oil	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes

  
 107

 Schedule 4.l.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	 Consent to Assignment

Required?

	 Contract #319718, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes
	 Contract #319719, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes
	 Contract #319720, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Trafigura AG	  	No	  	Yes
	 Contract #319721, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Trafigura AG	  	No	  	Yes
	 Contract #319722, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Hess Trading Company	  	No	  	Yes
	 Contract #319723, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals	  	No	  	Yes
	 Contract #319724, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Hess Trading Company	  	No	  	Yes
	 Contract #319725, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	BP Oil Supply	  	No	  	Yes
	 Contract #319726, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Glencore LTD.	  	No	  	Yes
	 Contract #319727, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Plains Marketing L.P.	  	No	  	Yes
	 Contract #319728, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	 Contract #319729, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Gavilon LLC	  	No	  	Yes
	 Contract #319730, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Chevron Products Company	  	No	  	Yes
	 Contract #319731, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes
	 Contract #319732, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	J.P. Morgan Ventures Energy	  	No	  	Yes
	 Contract #319741, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Tidal Energy Marketing (US) LLC	  	No	  	Yes
	 Contract #319742, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
	 Contract #319743, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals	  	No	  	Yes

  
 1 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent to Assignment
Required?

	 Contract #319744, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals	  	No	  	Yes
	 Gas Oil Exchange and Net-Out Agreement dated 6/1/09
	  	Sunoco, Inc. (R&M) (buyer of gas oil; seller of crude)	  	Holly Refining and Marketing –Tulsa LLC	  	Yes	  	No.

 Gasoline and Diesel Agreements 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent to Assignment
Required?

	 Exchange Agreement #E0747 effective 10/1/09
	  	Sunoco Inc. (R & M)	  	BP Amoco	  	No	  	Yes
	 Exchange Agreement #E0112 effective 3/31/09, as amended
	  	Sunoco, Inc. (R & M)	  	Citgo Petroleum Corp.	  	Yes	  	Yes
	 Exchange Agreement #E0518 effective 6/1/08
	  	Sunoco, Inc. (R & M)	  	ExxonMobil Oil Corp	  	No	  	Yes
	 Exchange Agreement effective 6/1/07 #E0158
	  	Sunoco, Inc. (R & M)	  	ExxonMobil Oil Corp	  	Yes	  	Yes
	 Exchange Agreement #E0494 effective 12/1/98, as amended
	  	Sunoco, Inc. (R & M)	  	Marathon Ashland Petroleum /Marathon Petroleum Company	  	Partial	  	Yes
	 Sale Agreement #63519 effective 11/1/09
	  	Sunoco, Inc. (R & M)	  	Guttman Oil Company	  	Yes	  	Yes
	 Sale Agreement (Contract No. 66766) effective 11/1/2010
	  	Sunoco, Inc. (R & M)	  	Guttman Oil Company	  	Yes	  	Yes
	 Sale Agreement #S64147 effective 1/1/10
	  	Sunoco, Inc. (R & M)	  	Ports Petroleum Co., Inc.	  	Yes	  	Yes
	 Supply Agreement effective 7/1/10
	  	Sunoco, Inc. (R & M)	  	Meijer Distribution, Inc.	  	No	  	Yes
	 Offer for Sale of Gasoline effective 3/1/10
	  	Sunoco, Inc. (R & M)	  	Tower Energy Group	  	No	  	Yes
	 Supply Agreement effective 7/1/10
	  	Sunoco, Inc. (R & M)	  	TH Midwest, Inc.	  	No	  	Yes
	 Supply Agreement effective 8/1/10
	  	Sunoco, Inc. (R & M)	  	TH Midwest, Inc.	  	No	  	Yes
	 Supply Agreement effective 4/01/10
	  	Sunoco, Inc. (R & M)	  	Lykins Oil Company, Inc.	  	No	  	Yes
	 Supply Agreement effective 7/1/10
	  	Sunoco, Inc. (R & M)	  	Benchmark Resources, Inc.	  	No	  	Yes

  
 2 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent to Assignment
Required?

		  		  	[Sam’s Club]	  		  	
	 Supply Agreement effective 10/4/10
	  	Sunoco, Inc. (R&M)	  	Benchmark Resources, Inc. [Sam’s Club]	  	No	  	Yes
	 Supply Agreement effective 8/1/10
	  	Sunoco, Inc. (R&M)	  	TA Operating LLC	  	No	  	Yes
	 Supply Agreement effective 8/1/10
	  	Sunoco, Inc. (R&M)	  	Kroger Company/Supermarket Petroleum Company	  	No	  	Yes
	 Supply Agreement effective 7/1/10
	  	Sunoco, Inc. (R&M)	  	Kroger Company/Supermarket Petroleum Company	  	No	  	Yes
	 Supply Agreement effective 8/1/10
	  	Sunoco, Inc. (R&M)	  	Pilot Travel Centers LC	  	No	  	Yes
	 Supply Agreement effective 6/1/10
	  	Sunoco, Inc. (R&M)	  	UPS Fuel Services, Inc.	  	No	  	Yes
	 Supply Agreement effective 5/1/10
	  	Sunoco, Inc. (R&M)	  	UPS Fuel Services, Inc.	  	Yes	  	Yes
	 Term Agreement for 83cb FOB Toledo - s65988
	  	Sunoco, Inc. (R&M)	  	Center Oil	  	No	  	No
	 Term Agreement for 83cb FOB Toledo (from exchange) S-67163
	  	Sunoco. Inc. (R&M)	  	Marathon Petroleum Company	  	No	  	No
	 Term Agreement for 83cb FOB Toledo S-66787
	  	Sunoco, Inc. (R&M)	  	Shell Trading	  	No	  	No
	 Term Agreement for 83cb FOB Toledo S-66306
	  	Sunoco, Inc. (R&M)	  	Murphy Oil	  	No	  	No
	 Term Agreement for ULSD FOB Toledo - s65895
	  	Sunoco, Inc. (R&M)	  	Center Oil	  	No	  	No
	 [RESERVED]
	  		  		  		  	
	 [RESERVED]
	  		  		  		  	
	 Term Agreement for 83CB FOB Toledo - s65914
	  	Sunoco, Inc. (R&M)	  	Center Oil	  	No	  	No
	 [RESERVED]
	  		  		  		  	
	 [RESERVED]
	  		  		  		  	
	 [RESERVED]
	  		  		  		  	
	 Term Agreement for 83cb FOB Toledo - s65988
	  	Sunoco, Inc. (R&M)	  	Center Oil	  	No	  	No
	 MAR Spot Buy/Sell Jet B67913
	  	Sunoco, Inc. (R&M)	  	Husky Marketing and Supply Company	  	No	  	No
	 Rack purchase agreement effective 2/1/11
	  	Sunoco, Inc. (R&M)	  	Shell Oil Products US	  	No	  	Yes
	 MAR Spot Buy/Sell Jet B67913
	  	Sunoco, Inc. (R&M)	  	Husky Marketing and Supply Company	  	No	  	No
	 3000 Barrels Gasoline P67972
	  	Sunoco, Inc. (R&M)	  	Husky Marketing and Supply Company	  	No	  	No
	 7000 Barrels Gasoline P67973
	  	Sunoco, Inc. (R&M)	  	Husky Marketing and Supply Company	  	No	  	No

  
 3 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully
Executed?
	  	
Consent to Assignment
Required?

	 180000 Barrels Gasoline S67976
	  	Sunoco, Inc. (R&M)	  	Marathon Petroleum Company	  	No	  	No
	 21000 Barrels Gasoline P67987
	  	Sunoco, Inc. (R&M)	  	Husky Marketing and Supply Company	  	No	  	No
	 150000 Barrels ULSD S67983
	  	Sunoco, Inc. (R&M)	  	Marathon Petroleum Company	  	No	  	No
	 15000 Barrels Gasoline S67986
	  	Sunoco, Inc. (R&M)	  	Road Ranger LLC	  	No	  	No
	 26000 Barrels Gasoline P67977
	  	Sunoco, Inc. (R&M)	  	BP North America Petroleum	  	No	  	No

 Jet Fuel Agreements 

 

											
	 Title of Contract
	  	 Price Basis
	 	 Sunoco Party
	  	 Counter-Party
	  	 Fully
Executed?
	  	
Consent to Assignment
Required?

	 Jet Fuel Supply Agreement effective 5/1/10
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	AirTran Airways Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 7/1/10
	  	Chicago	 	Sunoco, Inc. (R & M)	  	Allegiant Air, LLC	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 3/1/10
	  	Chicago	 	Sunoco, Inc. (R & M)	  	American Airlines, Inc	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 3/1/10 (terminating 9/30/12)
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	American Eagle Airlines, Inc	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 3/1/10 (terminating 12/31/12)
	  	Chicago	 	Sunoco, Inc. (R & M)	  	American Eagle Airlines, Inc	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 6/1/10 (terminating 5/31/11)
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	American Eagle Airlines, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 6/1/10 (terminating 5/31/11)
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	American Airlines, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 2/24/10
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	Epic Aviation	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 6/1/10
	  	Chicago and Gulf Coast	 	Sunoco, Inc. (R & M)	  	Epsilon Trading, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 11/1/10
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	ExpressJet Airlines	  		  	Yes
	 Jet Fuel Supply Agreement effective 11/1/10
	  	Gulf Coast	 	Sunoco, Inc. (R & M)	  	GoJet Airlines, LLC	  	No	  	Yes

  
 4 

 Schedule 4.1.4(a) 

Material Contracts 
  

											
	 Title of Contract
	  	 Price Basis
	  	 Sunoco Party
	  	 Counter-Party
	  	Fully
Executed?	  	Consent to Assignment
Required?
	 Jet Fuel Supply Agreement effective 2/1/10
	  	Chicago & NYH	  	Sunoco, Inc. (R & M)	  	Johnston Aviation Co. Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 1/1/10
	  	Chicago	  	Sunoco, Inc. (R & M)	  	LGSTX Fuel Management, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 9/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	Miami Air International Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 5/1/10
	  	Chicago and Gulf Coast	  	Sunoco, Inc. (R & M)	  	PAFCO LLC	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 7/1/10
	  	Chicago	  	Sunoco, Inc. (R & M)	  	Qantas Airways	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 9/1/10
	  	Chicago	  	Sunoco, Inc. (R & M)	  	RKA Petroleum	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 12/1/10
	  	Chicago	  	Sunoco, Inc. (R & M)	  	Shell Oil Products US	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 11/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	Shuttle America Airlines	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 11/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	Sky West Airlines, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 9/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	SkyWest Airlines, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 7/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	Spirit Airlines c/o World Fuel Services	  	No	  	Yes
	 Jet Fuel Contract Notification effective 8/1/09
	  	Chicago	  	Sunoco, Inc. (R & M)	  	Jet America c/o Miami Air International Inc.	  	No	  	Yes
	 [RESERVED]
	  		  		  		  		  	
	 Jet Fuel Supply Agreement effective 11/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	United Airlines, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 9/1/10
	  	Gulf Coast	  	Sunoco, Inc. (R & M)	  	ExpressJet Airlines, Inc.	  	No	  	Yes
	 Jet Fuel Supply Agreement – Letter Agreement effective 6/1/08
	  		  	Sunoco, Inc. (R & M)	  	Federal Express	  	No	  	Yes
	 Fuel Supply Agreement effective 8/1/10
	  	Gulf Coast, NYH, Chicago	  	Sunoco, Inc. (R & M)	  	World Fuel Services	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 1/1/11
	  	Chicago	  	Sunoco, Inc. (R & M)	  	ConocoPhillips Inc	  	No	  	Yes

  
 5 

 Schedule 4.1.4(a) 

Material Contracts 
  

											
	 Title of Contract
	  	Price Basis	  	 Sunoco Party
	  	 Counter-Party
	  	Fully
Executed?	  	Consent to Assignment
Required?
	 Jet Fuel Supply Agreement effective 1/1/11
	  	Chicago	  	 Sunoco, Inc. (R & M)
	  	 Arrow Energy, Inc
	  		  	
	 Jet Fuel Supply Agreement effective 1/1/11
	  	Chicago	  	 Sunoco, Inc. (R & M)
	  	 Air Transport International LLC
	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 11/8/10
	  	Gulf Coast	  	 Sunoco, Inc. (R & M)
	  	 AirTran Airways Inc.
	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 2/1/11
	  	Chicago	  	 Sunoco, Inc. (R & M)
	  	 LGSTX Fuel Management, Inc.
	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 1/1/11
	  	Chicago	  	 Sunoco, Inc. (R & M)
	  	 TOL Aviation, Inc.
	  	No	  	Yes
	 Jet Fuel Supply Agreement effective 1/1/11
	  	Chicago
Gulf
Coast	  	 Sunoco, Inc. (R & M)
	  	 Western Petroleum Co
	  	No	  	Yes

 Commercial Contracts – Chemicals 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	Consent Required for
Assignment?
	 Exchange Confirmation/Agreement #E-20013 dated 12/8/08
	  	 Sunoco, Inc. (R & M)
	  	 SI Group, Inc.
	  	 Yes
	  	Yes
	 Supply Agreement effective 1/1/08, as amended
	  	 Sunoco, Inc. (R & M)
	  	 SI Group, Inc.
	  	 Yes
	  	Yes
	 Supply Agreement effective 1/1/10
	  	 Sunoco, Inc. (R & M)
	  	 SI Group, Inc.
	  	 No
	  	Yes
	 Contract for Terminaling Agreement #300104 effective 12/15/08
	  	 Sunoco, Inc. (R & M)
	  	 Odfjell Terminals (Houston) Inc.
	  	 Yes
	  	Yes
	 Supply Agreement effective 1/1/09
	  	 Sunoco, Inc. (R & M)
	  	 Emerald Performance
	  	 Yes
	  	Yes
	 Supply Agreement effective 1/1/06, as amended
	  	 Sunoco, Inc. (R & M)
	  	 Eastman Chemical Company
	  	 Yes
	  	Yes
	 Supply Agreement effective 5/1/08
	  	 Sunoco, Inc. (R & M)
	  	 Gage Products Inc.
	  	 Yes
	  	Yes
	 Supply agreement - T&X Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 AKZO NOBEL COATINGS INC
	  	 Yes
	  	Yes
	 Supply agreement - Toluene Effective 1/1/201 1 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 ALBEMARLE CORPORATION
	  	 Yes
	  	Yes

  
 6 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	Fully
Executed?	  	Consent Required for
Assignment?
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 AMERICHEM SALES CORPORATION
	  	Yes	  	Yes
	 Supply agreement - Toluene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 ARICHEM LLC
	  	Yes	  	Yes
	 Supply agreement - Tetramer Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 DIXIE CHEMICAL COMPANY
	  	Yes	  	Yes
	 Supply agreement - Nonene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 DOVER CHEMICAL CORPORATION
	  	Yes	  	Yes
	 Supply agreement - Nonene and Tetramer Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 DOW CHEMICAL COMPANY
	  	Yes	  	Yes
	 Supply agreement - Benzene, Toluene, Xylene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 DOW CORNING CORPORATION
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 FBC CHEMICAL CORPORATION
	  	Yes	  	Yes
	 Supply agreement - Benzene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 INDSPEC
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 INTERSTATE CHEMICAL COMPANY
	  	Yes	  	Yes
	 Supply agreement - Xylene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 PILOT CHEMICAL COMPANY
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 QUAKER CITY CHEMICALS INC
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 TRANSCHEMICAL INCORPORATED
	  	Yes	  	Yes
	 Supply agreement -Xylene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 AKZO PAINTS LLC
	  	Yes	  	Yes
	 [RESERVED]
	  		  		  		  	
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 COLONIAL CHEMICAL SOLUTIONS
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 CONE SOLVENTS INC
	  	Yes	  	Yes
	 Supply agreement - T&X Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 GAGE PRODUCTS COMPANY
	  	Yes	  	Yes
	 Supply agreement - Tetramer Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 GULF BAYPORT CHEMICALS LP
	  	Yes	  	Yes

  
 7 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	Fully
Executed?	  	Consent Required for
Assignment?
	 Supply agreement - Benzene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 ISP
	  	Yes	  	Yes
	 Supply agreement - Xylene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 LUBRIZOL CORPORATION
	  	Yes	  	Yes
	 Supply agreement - Nonene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 MOMENTIVE PERFORMANCE MATERIALS
	  	Yes	  	Yes
	 Supply agreement - T&X Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 NEASE CORPORATION
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 PRIDE SOLVENTS
	  	Yes	  	Yes
	 Supply agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 ROYAL ADHESIVES & SEALANTS
	  	Yes	  	Yes
	 Supply agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 STEPAN CHEMICAL COMPANY
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 SUPERIOR OIL COMPANY INC
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 TECHNICAL PRODUCTS INC
	  	Yes	  	Yes
	 Supply agreement - T&X Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 VALSPAR CORPORATION
	  	Yes	  	Yes
	 Supply agreement - Benzene, Toluene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 VERTELLUS AGRICULTURE AND NUTRITION
	  	Yes	  	Yes
	 Supply agreement - Nonene and Tetramer Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 VERTELLUS HEALTH & SPECIALTY
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 WHITAKER OIL COMPANY
	  	Yes	  	Yes
	 Supply agreement - Nonene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 EMERALD PERFORMANCE MATERIALS
	  	Yes	  	Yes
	 Supply agreement - Tetramer, Nonene, Xylene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 SI GROUP INC
	  	Yes	  	Yes
	 Supply agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 EASTMAN CHEMICAL COMPANY
	  	Yes	  	Yes
	 Supply agreement - T&X Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 3M COMPANY
	  	Yes	  	Yes

  
 8 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	Fully
Executed?	  	Consent Required for
Assignment?
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 BRENNTAG NORTH AMERICA
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 CHEMICAL SOLVENTS
	  	Yes	  	Yes
	 Supply agreement - Nonene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 CHEMTURA CORPORATION
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 IDEAL CHEMICAL & SUPPLY CO
	  	Yes	  	Yes
	 Supply agreement -Nonene Effective 1/1/2011 to
12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 LUBRIZOL CORPORATION
	  	Yes	  	Yes
	 Supply agreement - Tetramer Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 MILLIKEN & CO INC
	  	Yes	  	Yes
	 Supply agreement - T&X Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 MPM SILICONES
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 QUADRA CHEMICALS LTD
	  	Yes	  	Yes
	 Supply agreement - Xylene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 REICHHOLD CHEMICALS INC
	  	Yes	  	Yes
	 Supply agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 SABIC INNOVATIVE PLASTICS US LLC
	  	Yes	  	Yes
	 Supply agreement - Benzene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 SOLUTIA
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 UNIVAR USA INC
	  	Yes	  	Yes
	 Distributor agreement Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 CALLAHAN COMPANY
	  	Yes	  	Yes
	 Supply agreement -Nonene Effective 1/1/2011 to 12/31/2011
	  	 Sunoco, Inc. (R & M)
	  	 JANEX
	  	Yes	  	Yes

  
 9 

 Schedule 4.1.4(a) 

Material Contracts 
  

 Commercial Contracts - Miscellaneous 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	Fully
Executed?	  	Consent Required for
Assignment?
	 Terminal Services Agreement effective 4/1/09
	  	 Sunoco, Inc. (R&M)
	  	 Inergy Propane LLC
	  	No	  	Yes
	 Sale Agreement #Inergy - 0408T effective 4/1/08, as amended
	  	 Sunoco, Inc. (R&M)
	  	 Inergy Propane LLC
	  	Yes	  	Yes
	 Sale Agreement #Inter-Chem (Toledo) 0110 effective 1/1/10
	  	 Sunoco, Inc. (R&M)
	  	 International Chemical Company
	  	Partial	  	Yes
	 Sale Agreement effective 2/1/11
	  	 Sunoco, Inc. (R&M)
	  	 The Kiesel Company
	  	Yes	  	Yes
	 Sale Agreement effective 1/15/02, as amended
	  	 Sunoco, Inc. (R&M)
	  	 Buckeye Pipeline Company
	  	No	  	Yes
	 Sale Agreement effective 8/10/09, as amended
	  	 Sunoco, Inc. (R&M)
	  	 Gladieux Trd and Mkt Co.
	  	No	  	Yes
	 Contract # 67670 effective 2/1/11
	  	 Sunoco, Inc. (R&M)
	  	 Petrogas Marketing Ltd
	  	No	  	Yes
	 Contract # 67674 effective 2/1/11
	  	 Sunoco, Inc. (R&M)
	  	 Plains Marketing LP
	  	No	  	Yes
	 Propane Keep Dry Agreement effective 1/21/08
	  	 Sunoco, Inc. (R&M)
	  	 Inergy Propane LLC
	  	No	  	Yes
	 Propane Keep Dry Agreement effective 1/28/08
	  	 Sunoco, Inc. (R&M)
	  	 Inergy Propane LLC
	  	No	  	Yes
	 Molten Sulfur-Agreement #Inter-Chem 0111 effective 1/1/11
	  	 Sunoco, Inc. (R&M)
	  	 International Chemical Company
	  	No	  	Yes

  
 10 

 Schedule 4.1.4(a) 

Material Contracts 
  

 Commercial Contracts – Pipeline and Terminal Agreements 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent Required for
Assignment?

	 Contract Number P64487 (applicable to East Coast area terminals); Contract Number P64614 (Toledo Area terminals) effective
2/1/10
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	No	  	Yes
					
	 Inkster Terminal Services Agreement effective 4/1/09
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals L.P.	  	Yes	  	Yes
					
	 Storage and Services Agreement effective 11/1/09
	  	Sunoco, Inc. (R&M)	  	Mid- Valley Pipeline Company; and, Marathon Pipe Line LLC	  	Yes	  	Yes
					
	 Capacity Reservation Agreement (Marysville) effective 7/1/07
	  	Sunoco Inc. (R&M)	  	Sunoco Pipeline L.P.	  	Yes	  	Yes
					
	 Terminal Services Agreement effective 4/1/09
	  	Sunoco, Inc. (R&M)	  	Inergy Propane LLC	  	No	  	Yes
					
	 Throughput Agreement Summary
	  	Sunoco, Inc. (R&M)	  	NuStar (ST Terminals)	  	No	  	Yes
					
	 Terminal Throughput Agreement effective 11/1/06
	  	Sunoco, Inc. (R&M)	  	Bulk Terminal Storage (formerly Guttman Oil Company)	  	Yes	  	Yes
					
	 Terminal Storage and Handling Agreement effective 7/1/09
	  	Sunoco, Inc. (R&M)	  	BP Products North America Inc.	  	Yes	  	Yes
					
	 Terminaling and Throughput Agreement effective 12/14/98
	  	Sunoco, Inc. (R&M)	  	BP Exploration & Oil Inc.	  	Yes	  	Yes
					
	 Transportation Agreement effective 5/1/08, as amended
	  	Sunoco, Inc. (R&M)	  	Buckeye Pipe Line Company, L.P.	  	No	  	Yes
					
	 [RESERVED]
	  		  		  		  	
					
	 Storage and Product Handling Agreement effective 9/1/06 and related Distributorship Agreement
	  	Sunoco, Inc. (R&M)	  	Delta Fuels of Michigan, Inc.	  	No	  	Yes
					
	 Marysville Underground Storage Terminal Storage Agreement 2007-114 effective 4/1/07, as amended
	  	Sunoco Inc. (R&M)	  	Marysville Gas Liquids Company d/b/a Marysville Underground Storage Terminal	  	Partial	  	Yes
					
	 Tank Lease Agreement Summary effective 9/1/10
	  	Sunoco, Inc. (R&M)	  	Buckeye Terminal LLC	  	No	  	Yes

  
 11 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent Required for
Assignment?

	 Throughput Agreement effective 5/1/08
	  	Sunoco, Inc. (R&M)	  	Buckeye Terminals LLC	  	No	  	Yes
					
	 Pipeline Throughput and Deficiency Agreement effective 10/1/10
	  	Sunoco, Inc. (R&M)	  	Sunoco Pipeline L.P.	  	Yes	  	No
					
	 Assignment of Terminal Throughput Agreement dated June 17, 2005, as amended
	  	Sunoco, Inc. (R&M)	  	RKA Petroleum LLC	  	Yes	  	Yes
					
	 Off-Airport Terminalling Agreement, effective 8/1/09
	  	Sunoco, Inc. (R&M)	  	Equilon Enterprises LLC (acting as Shell Aviation)	  	Yes	  	Yes

 Commercial Contracts – Linde H2 Plant Agreements 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent Required for
Assignment?

	 Product Supply Agreement effective 9/20/04
	  	Sunoco, Inc. (R&M)	  	Linde Gas North America LLC, as successor-in-interest to BOC Americas (PGS), Inc.	  	Yes	  	No
					
	 Ground Lease Agreement dated 9/20/04
	  	Sunoco, Inc. (R&M)	  	Linde Gas North America LLC, as successor-in-interest to BOC Americas (PGS), Inc.	  	Yes	  	No
					
	 Construction Agreement dated 9/20/04
	  	Sunoco, Inc. (R&M)	  	Linde Gas North America LLC, as successor-in-interest to BOC Americas (PGS), Inc.	  	Yes	  	No
					
	 Letter Agreement between Linde and Sunoco dated 3/3/08
	  	Sunoco, Inc. (R&M)	  	Linde Gas North America LLC, as successor-in-interest to BOC Americas (PGS), Inc.	  	Yes	  	N/A

 Commercial Contracts – TWO LLC WWTU 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent Required for
Assignment?

	 Agreement for Wastewater Treatment Plant Acquisition, Ownership, Operation and Maintenance dated 6/30/98, as
amended
	  	Sunoco, Inc.	  	Two LLC	  	Yes	  	Yes
					
	 Land Lease and Grant of Easement dated 6/30/98, as amended
	  	Sun Company, Inc. (R&M)	  	Two LLC	  	Yes	  	Yes
					
	 Sewer Services Agreement dated 7/14/92
	  	Sun Company, Inc. (R&M)	  	City of Toledo	  	Yes	  	No

  
 12 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent Required for
Assignment?

	 Landlord Waiver dated 6/30/98, as amended
	  	Sun Company, Inc. (R&M)	  	Two LLC and First Security Bank, National Association	  	Yes	  	No
					
	 Consent and Acknowledgement of Assignment
	  	Sunoco, Inc.	  	Two LLC and First Security Bank, National Association	  	Yes	  	No

  
 13 

 Schedule 4.1.4(a) 

Material Contracts 
  

 Site Service/Supply Agreements 

 

					
	 Title of Contract
	  	Fully
Executed?	  	Consent Required?
	 1.       Field Services Contract (Construction) dated February 24, 2009 with A. A.
Boos & Sons, Inc., Contract No. CW24495
	  	Yes	  	No
			
	 2.       Field Services Contract (Maintenance) dated April 14, 2009 with Advanced
Cleaning Services, Inc., Contract No. CW25471 (including Amendment Nos. 1, 2 & 3)
	  	Yes	  	No
			
	 3.       Field Services Contract (Maintenance) dated October 2004 with Advanced Specialty
Contractors, Contract No. TO13922 (including Amendment Nos. 1 & 2 and Supplement dated September 21, 2006)
	  	Yes	  	No
			
	 4.       Field Services Contract (Material/Equipment) dated December 4, 2008 with
Brand Scaffold Builders, Inc., Contract No. CW21936
	  	Yes	  	No
			
	 5.       Field Services Contract (Maintenance) dated December 1, 2009 with Campbell
Inc., Contract No. CW29996
	  	Yes	  	No
			
	 6.       Field Services Contract (Maintenance) dated November 17, 2008 with Code
Inspection & Testing Company, Contract No. CW21558
	  	Yes	  	No
			
	 7.       Field Services Contract (Environmental) dated December 21, 2009 with EA
Services (a/k/a Environmental Analytics, Inc.), Contract No. CW29397
	  	Yes	  	No
			
	 8.       Transportation, Storage, Disposal & Recycling Agreement (Environmental)
dated January 1, 2010 with EQ – The Environmental Quality Company, Contract No. CW30842
	  	Yes	  	No
			
	 9.       Field Services Contract (Maintenance) dated December 15, 2007 with
Furmanite, Contract No. TO14554
	  	Yes	  	No
			
	 10.     Field Services Contract (Maintenance) dated October 19, 2009 with Greensweep, Inc.,
Contract No. CW28829
	  	No	  	No
			
	 11.     Field Services Contract (Maintenance) dated April 16, 2009 with Greensweep, Inc.,
Contract No. CW25501
	  	Yes	  	No

  
 14 

 Schedule 4.1.4(a) 

Material Contracts 
  

					
	 Title of Contract
	  	Fully
Executed?	  	Consent Required?
	 12.     Field Services Contract (Construction) dated March 30, 2009 with Henning USU, Contract No. CW24025
	  	No	  	No
			
	 13.     Field Services Contract (Construction) dated January 12, 2009 with Industrial Power
Systems, Inc., Contract No. CW23251
	  	Yes	  	No
			
	 14.     Field Services Contract (Equipment) dated December 30, 2008 with Jeffers Crane,
Contract No. CW22031 (including Amendment No. 1)
	  	Yes	  	No
			
	 15.     Field Services Contract (Administrative) dated May 21, 2008 with JoblUSA, Contract
No. CW15893 (including Amendment No. 1)
	  	Yes	  	No
			
	 16.     Sale/Purchase Agreement by and between Marsulex, Inc. and Sunoco Inc. (R&M) (Material
Contract/Chemicals) effective January 1, 2008, Contract No. CW4559
	  	Yes	  	No
			
	 17.     Engineering Services Agreement (Engineering) by and between Middough Consulting, Inc. and
Sunoco, Inc. (R&M), dated as of August 6, 2009, Contract No. CW26378
	  	Yes	  	No
			
	 18.     Field Services Contract (Maintenance) dated November 1, 2008 with PSC Industrial
Outsourcing of Michigan, Inc., Contract CW20873
	  	Yes	  	No
			
	 19.     Field Services Contract (Maintenance) dated September 19, 2008 with Railserve, Inc.,
Contract No. CW19740
	  	Yes	  	No
			
	 20.     Field Services Contract (Maintenance) dated January 28, 2010 with Renew Valve &
Machine, Contract No. CW29903
	  	Yes	  	No
			
	 21.     Field Services Contract (Maintenance) dated September 18, 2007 with RMF Nooter,
Inc., Contract No. TO14497 (including Amendment Nos. 1, 2, 3, 4 & 5)
	  	Yes	  	No
			
	 22.     Field Services Contract (Maintenance) dated April 28, 2008 with Team Industrial
Services, Inc., Contract No. TO14656 (including Amendment Nos. 1 & 2)
	  	Yes	  	No

  
 15 

 Schedule 4.1.4(a) 

Material Contracts 
  

					
	 Title of Contract
	  	Fully
Executed?	  	Consent Required?
	 23.     Field Services Contract (Maintenance) dated July 24, 2008 with Testex, Inc.,
Contract No. CW17569 (including Amendment No. 1 & 2)
	  	Yes	  	No
			
	 24.     Services Agreement (Environmental) dated October 31, 2007, by and between Veolia Water
North America Operating Services LLC and Sunoco. Inc. (R&M), Contract No. CW8299
	  	Yes	  	No
			
	 25.     Field Services Contract (Maintenance) dated May 22, 2008 with Wicks & Assoc.,
LLC, Contract No. CW15989 (including Amendment No. 1)
	  	Yes	  	No

 Agreement dated November 23, 2007 by and between Sunoco, Inc. (R&M) and Ammex Inc. regarding allocation of
payment of certain Customs filing fees for in-bond activities with Ammex. Related to this Agreement, Ammex Inc. purchases, without formal written contract, approximately 30 loads of ULSD and 15 loads of 87 CF per week from Sunoco, Inc. (R&M) on
an FTZ basis (posted rack price) 
 Agreement to Purchase dated February 17, 2011 by and between Sunoco, Inc. (R&M), as seller, and Sun
Federal Credit Union, as buyer, relating to the purchase of the premises currently leased by Sun Federal Credit Union. Fully executed/consent to assignment not required. 

  
 16 

 Schedule 4.1.4(a) 

Material Contracts 
  

 Transportation Agreements 

 

					
	 Title of Contract
	  	 Fully

Executed?
	  	 Consent Required for

Assignment

	 Contract REG-NS-C-18172 effective 10/1/00 by and between Sunoco, Inc. (R&M) and Norfolk Southern Railway Company, as
amended
	  	No	  	Yes

 Utility Agreements 
  

									
	 Name of Document
	  	 Date of Document
	  	 Parties
	  	 Consent to
Assignment
	  	 Fully Executed?

	Fixed Price Pricing Attachment	  	April 5, 2010	  	 FirstEnergy Solutions Corp.
  

Sunoco, Inc. (R&M)
	  	Yes	  	Yes
					
	Fixed Price Blend and Amend, Amendment No. 1	  	July 14, 2009	  	 FirstEnergy Solutions Corp.
  

Sunoco, Inc. (R&M)
	  	Yes	  	No
					
	Gathering Agreement	  	October 27, 2006	  	 ANR Pipeline Company Sunoco
  

Power Generation LLC
	  	Yes	  	Yes
					
	FTS-1 Service Agreement	  	October 27, 2006	  	 ANR Pipeline Company Sunoco
  

Power Generation LLC
	  	Yes	  	Yes
					
	First Amendment to Flex Rate Agreement	  	August 19, 2099	  	 Columbia Gas of Ohio, Inc.
  

Sunoco, Inc. (R&M)
	  	Yes	  	Yes
					
	FTS Service Agreement (No. 90744)	  	October 27, 2006	  	Columbia Gas Transmission Co.	  	Yes	  	Yes
		  	  	  
 Sunoco Power Generation LLC
	  	  

  
 17 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Name of Document
	  	 Date of Document
	  	 Parties
	  	 Consent to
Assignment
	  	 Fully

Executed?

	Toledo Edison Rate Agreement	  		  	Toledo Edison	  	Yes	  	
					
	 Contract #112909 ANR Firm

Transportation Service effective 5/594
	  	May 5, 1994	  	Transcanada	  	Yes	  	
					
	 Contract #112910 ANR Gathering Firm
 effective 5/5/94
	  	May 5, 1994	  	Transcanada	  	Yes	  	

 Ethanol Agreements 
  

									
	 Name of Document
	  	 Date of Document
	  	 Parties
	  	 Consent to
Assignment
	  	 Fully
Executed?

	 Ethanol Purchase Contract (P2051)
	  	 May 17, 2010
 For the term
July 1, 2010 – July 31, 2010
	  	 CHS Renewable Fuels Marketing
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	 Ethanol Purchase Contract (P2051)

 
 Amended to Add Clarification

Paragraph Inserted after Quantity
	  	 June 22, 2010
 For the term
July 1, 2010 – June 30, 2011
	  	 CHS Renewable Fuels Marketing
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	 Ethanol Purchase Contract (P2051)

 
 Amended Quantity and Price
	  	 September 15, 2010
 For the
term July 1, 2010 through June 30, 2011
	  	 CHS Renewable Fuels Marketing
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	 Ethanol Purchase Contract (P2051)

 
 Amended Price – Pittsburgh
Differential
	  	 September 22, 2010
 For the
term July 1, 2010 – June 30, 2011
	  	 CHS Renewable Fuels Marketing
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	 Ethanol Purchase Contract (P2063)
	  	 May 26, 2010
 For the term
July 1, 2010 – September 30, 2010
	  	 Ethanol Products, LLC d/b/a/ Poet Ethanol Products
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	 Ethanol Purchase Contract (P2063)
	  	July 9, 2010	  	Ethanol Products, LLC d/b/a/ Poet Ethanol	  	Yes.	  	No

  
 18 

 Schedule 4.1.4(a) 

Material Contracts 
  

									
	 Name of Document
	  	 Date of Document
	  	 Parties
	  	Consent to
Assignment	  	Fully
Executed?
		  		  	 Products
  
 Sunoco, Inc. (R&M)
	  		  	
					
	Ethanol Purchase Contract (P2063)	  	 August 25, 2010
 For the
term July 1, 2010 – December 31, 2010
	  	 Ethanol Products, LLC d/b/a/ Poet Ethanol Products
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	Ethanol Purchase Contract (P2093)	  	 August 30, 2010
 For the
term October 1, 2010 – December 31, 2010
	  	 The Andersons, Inc.
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No
					
	Sale Agreement (P2074)	  	 June 22, 2010
 For the term
August 1, 2010 – June 30, 2011
	  	 Valero Marketing and Supply
  

Sunoco, Inc. (R&M)
	  	Yes.	  	No

  
 19 

 Schedule 4.1.4(a) 

Material Contracts 
  

 Additional Crude Contracts 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent to Assignment
Required?

	 Contract #319741, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Tidal Energy Marketing (US) LLC	  	No	  	Yes
					
	 Contract #319742, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Merrill Lynch Commodities, Inc.	  	No	  	Yes
					
	 Contract #319743, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals	  	No	  	Yes
					
	 Contract #319744, Domestic Sweet Crude Oil
	  	Sunoco, Inc. (R&M)	  	Sunoco Partners Marketing & Terminals	  	No	  	Yes

 Additional Gasoline and Diesel Agreements 

 

									
	 Title of Contract
	  	 Sunoco Party
	  	 Counter-Party
	  	 Fully

Executed?
	  	
Consent to Assignment
Required?

	 180000 Barrels Gasoline S67976
	  	Sunoco, Inc. (R&M)	  	Marathon Petroleum Company	  	No	  	No
					
	 21000 Barrels Gasoline P67987
	  	Sunoco, Inc. (R&M)	  	Husky Marketing and Supply Company	  	No	  	No
					
	 150000 Barrels ULSD S67983
	  	Sunoco, Inc. (R&M)	  	Marathon Petroleum Company	  	No	  	No
					
	 15000 Barrels Gasoline S67986
	  	Sunoco, Inc. (R&M)	  	Road Ranger LLC	  	No	  	No

  
 19(b)

 Schedule 4.1.8 

Environmental Matters 
  

	1.	On October 26, 2010, Seller, at SXL’s request, met with SXL to discuss the use of SXL Pipeline which has been used to transport Gas Oil from the Holly
Refinery located in Tulsa, Oklahoma, to Cushing, Oklahoma, pursuant to the Gas Oil Exchange and Net-Out Agreement by and between Holly Refining & Marketing - Tulsa LLC and Sunoco, Inc. (R&M) dated June 1, 2009. According to SXL,
the amount of gas oil nominated and shipped by Seller (which is based on Holly’s product nomination to Seller under the Agreement) is insufficient to make the SXL Pipeline economically sustainable under the current tariff. If SXL decides to
cease operations in this SXL Pipeline or converts the pipeline to other use, Seller may be obligated to find alternative means for transporting the Gas Oil, or may have to reject the nomination made by Holly Refining & Marketing -Tulsa LLC
and make payment for all logistics costs incurred by Holly Refining & Marketing - Tulsa LLC in moving the Gas Oil to an alternative market. 

  

	2.	SXL is evaluating alternative options for some of its pipeline system for alternative service. Specific segments include the Toledo to Allegheny line and the Toledo to
Sarnia line. This potential alternative service is not expected to occur until 2012 or into 2013. Two lines from Toledo to Inkster would remain in product service. Alternative distribution options to these potential changes include the Buckeye
system and the Inland pipeline system. 

  

	3.	Veolia Water, owner and operator of the wastewater treatment plant for the Toledo Refinery pursuant to the Agreement for Wastewater Treatment Plant Acquisition,
Ownership, Operation and Maintenance between Sun Company, Inc. and TWO LLC dated June 30, 1998, has requested reimbursement of costs in excess of $580,000 for equipment damage and maintenance costs that resulted from a power outage in September
2007 and flooding of the wastewater treatment plant on three occasions from February 2008 – March 2009. The parties are currently negotiating a settlement of amounts claimed and, if no out-of-court resolution is reached, the matter could lead
to litigation. 

  
 20 

 Schedule 4.1.6 

Compliance with Law 
  

 [REDACTED] 

  

 Schedule 4.1.7.6 

Tax Matters 
  

 None. 

  
 22 

 Schedule 4.1.8 

Environmental Matters 
  

	1.	Current Material Non-Compliance 

None. 
  

	2.	Consent Decrees and Orders 

Consent Decree, USA v. Sunoco, Inc., Civil Action No. 05-02266 (March 2006) (referred to as “Global Clean Air Act Consent Decree”).

 Consent Order and Final Judgment Entry, State of Ohio v. Sunoco, Inc., No. 02-2583 (March 2004) (referred to as “SRU Consent
Decree II”). 
 Consent Order, State of Ohio v. Sun Company, Inc., No. 95-1037 (May 1995) (referred to as “SRU Consent
Decree I”). 
 Stipulation and Settlement Proposal, Secretary of Labor v. Sunoco, Inc. (R&M), Occupational Safety and Health Review
Commission, Docket No. 08-0815, Inspection No. 309449817 (October 2009). 
 1996 and 2002 Railcar Storage Orders. Issued by the City
of Oregon prohibiting the storage of propane railcars at the #2 storehouse yard due to proximity to residential areas. 
  

	3.	Notices of Violation Since January 1, 2007 

 November 2007 Finding of Violation. Issued on November 15, 2007 by the United States Environmental Protection Agency (“USEPA”) Region V (related to alleged violations noted during a
2007 inspection of the facility’s SOCMI/HON units). 
 March 2010 Stipulated Penalty Demand. Issued on March 25, 2010 by USEPA
Region V under the Global Clean Air Act Consent Decree (relating to Acid Gas Flaring Events and LDAR audit findings between December 2006 through January 2010). 
 March 2010 Notice of Violation. Issued on March 1, 2010 by the City of Toledo Public Utilities Division (relating to failed stack test for Sulfuric Acid Mist). 

May 2010 Notice of Violation. Issued on May 17, 2010 by the City of Toledo Public Utilities Division (relating to excess unavailable CEMS
monitoring data). 
 October 2010 Captain of the Port Order. Issued on October 29, 2010 by the United States Coast Guard (relating
to failure to conduct testing on marine transfer equipment). 

  
 23 

 Schedule 4.1.8 

Environmental Matters 
  

 April 2008 Notice of Violation. Issued on April 15, 2008 by the City of Toledo Public
Utilities Division (relating to the 2008 dock line leak). 
 June 2008 Summons and Complaint. Issued on June 27, 2008 by the Ohio
Department of Natural Resources (relating to the 2008 dock line leak). 
 May 2009 Notice of Violation. Issued on May 28, 2009 by
the City of Toledo Public Utilities Division (relating to the 2009 dock line leak). 
 Citation and Notification of Penalty (May
7, 2008). Inspection No. 309449817, issued by the Occupational Health and Safety Administration (“OSHA”) assessing a total penalty of $330,000 (NEP Inspection). 

Citation and Notification of Penalty (August 10, 2009). Inspection No. 311607865, issued by OSHA assessing a total penalty of $15,500.

 Citation and Notification of Penalty (September 30, 2009). Inspection No. 311608749, issued by OSHA assessing a total penalty of
$147,000. 
 Citation and Notification of Penalty (March 2, 2010). Inspection No. 311611388, issued by OSHA
assessing a total penalty of $12,500. 
 Citation and Notification of Penalty (Jan. 13, 2011). Inspection No. 313785065, issued by
OSHA assessing a total penalty of $15,000. 
 Complaint (September 3, 2010). Complaint No. 207915919 issued by
OSHA, relating to sulfuric acid fumes in and around Plant 8. 
 Complaint (November 29, 2010). Complaint No. 208128793 issued by
OSHA, relating to alleged employee exposure to asbestos and lead. 
 DOT Warning Letter and Notice of Probable Violation, Proposed Civil
Penalty and Proposed Compliance Order. Issued September 17, 2009 by the United States Department of Transportation and proposing a penalty of $32,500. 
 Notice of Building Code Violation. Issued by the City of Toledo on March 24, 2010 requiring submission of building permit application and fees relative to the erection of temporary tents.

  
 24 

 Schedule 4.1.8 

Environmental Matters 
  

	4.	Pending or Threatened Investigations 

 Routine Title V and other environmental inspections are routinely performed by the regulatory agencies which have jurisdiction over the facility. There are currently no investigations which have been
noticed in writing. 
  

	5.	Property Restrictions 

 None.

  

	6.	Other Environmental Matters 

 NSPS Subpart Ja Applicability to Flares. The facility has been engaged in systematic evaluation, installation and replacement of relief valves. As a result of this process, at least one new
connection was made to the Plant 4 flare after December 1, 2008. Depending upon the outcome of the NSPS Subpart Ja rulemaking and litigation, this connection may be viewed as a modification of the Plant 4 flare system, potentially triggering
additional NSPS requirements (including possible capital expenditure) at the Plant 4 flare. The evaluation and upgrade of RVs continues at units connected to the Plant 9 flare, where similar connections may also be required. 

MSAT II. Upon its effective date, the second stage of the US EPA’s Mobile Sources Air Toxics rules (“MSAT II”) will require that
average benzene concentration in gasoline sold be at .62% or below. The average benzene concentration for gasoline produced at the facility in recent months has been above the MSAT II level. The average concentration is affected by the utilization
level of the facility’s UDEX unit. The UDEX unit’s utilization is driven in part by steam availability at the facility. During periods when the FCCU CO Boiler is not operating or operating at reduced rates (e.g., when the FCCU is on a
thermal cycle due to expander fouling), the UDEX unit may be shut down or operated at reduced capacity due to steam balance at the facility. There are numerous options available for meeting MSAT requirements, including aggregation, credit purchase
and or potential capital expenditures to improve steam availability. 
 Process Safety – Facility Siting. Pursuant to a settlement
reached with the Occupational Safety and Health (“OSHA”), the facility is engaged in a facility siting initiative that involves planned relocation of workers and/or building reinforcement which may require future capital expenditures. The
current plan is to complete the work by Q2 2011. 
 Process Safety – Relief Valve Study. The facility had undergone an evaluation
relative to the capacity of relief devices. As a result of that evaluation, several relief devices have been replaced or added. The work is approximately 84% complete, is expected to be completed in approximately 24 months with future capital
expenditures likely. 

  
 25 

 Schedule 4.1.8 

Environmental Matters 
  

 Ohio SIP Revision – Opacity Limit. Ohio regulations limit opacity from the FCCU to 20%, to
be measured by a Continuous Opacity Monitoring system (“COMS”). Following installation of the Wet Gas Scrubber (“WGS”) as part of the required controls under the Global Clean Air Act Consent Decree of 2006, COMS is no longer an
appropriate method of demonstrating opacity compliance. Sunoco applied for and received approval from US EPA Region V to use an alternate monitoring plan (“AMP”) for opacity. In that approval, Sunoco agreed to monitor the discharge
pressure of the recirculation pumps supplying water to the scrubber filtering modules and the pressure drop across the filtering modules. The AMP approved as sufficient for demonstrating compliance with 40 CFR Subpart J. The Ohio State
Implementation Plan (“SIP”) must also be revised to allow use of this AMP. Sunoco submitted a request for revision in November 2010. 

Opacity AMP Issue Subpart UUU. The AMP referenced immediately above was approved by USEPA as sufficient for demonstrating compliance with 40 CFR
Subpart J. However, on or about August 2010, the Toledo Division of Environmental Services notified Sunoco that the AMP was submitted and approved under Subpart J only, and that a separate approval is needed under Subpart UUU. The facility has
submitted a response and request for approval of the AMP specifically under Subpart UUU. 
 BWON EOL Sampling Plan. Under the Global
Clean Air Act Consent Decree of 2006, the Toledo refinery was required to submit an end-of-line sampling plan to USEPA Region V for approval. The plan was submitted on or about March 2007, but USEPA’s approval is still pending. Once approved,
the facility must implement the sampling plan and submit the resulting data. 
 Plant 9 Flare Pilot. The Plant 9 Flare pilot flame was
extinguished on three (3) occasions in 2010, deviating from the Title V permit requirement that the pilot flame be present at all times. Those deviations have been or will be reported in the normal course of business during semi-annual or
annual reporting, together with any other Title V permit deviations. A capital project to replace the Plant 9 flare tip is currently being considered. 
 Title V Permit Appeal. The facility’s Title V permit is currently under appeal before the Ohio Environmental Review and Appeals Commission. Ohio EPA has extended a settlement offer, which is
currently being considered. The terms of the offer, together with permit modifications that have been requested and which are currently being considered by Ohio EPA, provide what is likely a sufficient basis to accept the offer and withdraw the
appeal. However, the status quo will be maintained pending completion of this transaction to preserve Buyer’s rights as transferee of the permit. 
 SIP Modification. In January 2010, the facility submitted a request to Ohio EPA to modify its State Implementation Plan and remove the 0.07 lbs SO2 per lbs sulfur limit applicable to the facility
following installation and operation of the Wet Gas Scrubber. That request remains pending. 

  
 26 

 Schedule 4.1.8 

Environmental Matters 
  

 Hocking Valley Dock Lines. There are pipelines between the facility and the Hocking Valley Dock
that are not currently and will not be in service as of Closing. Before those lines are returned to service, there may be requirements to conduct mechanical integrity or other testing and/or make repairs under any applicable laws or regulations.

 Outstanding OSHA Citations. OSHA has alleged noncompliance relative to the alleged violations issued in the following citations:

 Citation and Notification of Penalty (August 10, 2009). Inspection No. 311607865, issued by OSHA assessing a total
penalty of $15,500; 
 Citation and Notification of Penalty (September 30, 2009). Inspection No. 311608749, issued by
OSHA assessing a total penalty of $147,000; and 
 Citation and Notification of Penalty (March 2, 2010). Inspection
No. 311611388, issued by OSHA assessing a total penalty of $12,500. 
 The citations were issued to Seller, may be disputed by Seller in
certain respects, will be retained by Seller, and resolved as to Seller by Seller. 
  

	7.	Pending or Threatened Claims 

 Third Party Dock Line Claims. As a result of leaks that occurred in 2008 and 2009 in the pipelines connecting the Hocking Valley Dock to the Facility, material was released onto properties owned by
third-parties. These properties may include surface estates, rights-of-ways, utility conduits, improvements, fixtures or equipment that were impacted by the dock line leaks and or subsequent removal or remediation, which may give rise to various
claims. 

  
 27 

 Schedule 4.1.8.7 

Environmental Permits and Orders 
  

	1.	Permits 

 Title V
Permit. Permit No. 04-48-01-0246, originally issued by the Ohio Environmental Protection Agency (“OEPA”) on January 22, 2004 (presently in the renewal process following submission of renewal application) (transferrable upon
notice in writing to local air agency and assumption of obligations by transferee – See Section I.B.5) 
 Expansion/CD Compliance PTI.
Permit to Install No. P0106143, issued by OEPA as last modified on May 28, 2010 (transferrable upon submission of new ownership information via the “Owner/Contact Change” functionality in Air Services once the transfer is legally
completed, but within thirty days of the ownership transfer date – See Section A. 17). 
 Naphtha Simplification PTI. Permit to
Install No. 04-01421, issued by OEPA on December 20, 2005 (transferrable upon notice in writing to local air agency and assumption of obligations by transferee – See Section B.3). 

Low Sulfur Gasoline PTI. Permit to Install No. 04-01319, issued by OEPA on July 26, 2007 (transferrable upon notice in writing to local
air agency and assumption of obligations by transferee – See Section B.3). 
 Hocking Valley Dock NPDES Permit. NPDES No. OH0002780,
issued by OEPA on April 22, 2009 (transferrable upon written notice sixty (60) days prior to proposed transfer and opportunity for OEPA to deny transfer – See Section III. 19). 
 Warehouse and Yard No-Exposure Certification. United States EPA Form No. 3510-11 “No Exposure Certification for Exclusion from NPDES Storm Water Permitting, submitted August 15, 2008
(silent as to transferability). 
  

	2.	Decrees and Orders. 

All Consent Decrees and Orders listed above at Schedule 4.1.8 are incorporated herein by reference. 

  
 28 

 Schedule 4.1.8.8 

Refinery Tank Inspection Due Dates Under API 653 
 See attached. 

  
 29 

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

 November 19, 2010 

 

																															
	 	  	 	  	 	  	 	  	 	 	5 or 10 Year Seal Due	  	 	 	 	 	Due Date From :  	  	11/19/2010	  	To	  	11/01/2030
	 	  	 	  	 	  	 	  	 	 	 	  	 	 	 	 	 	  	Facility:	  	‘TO’	  	 	  	 
	 Item

No.
	  	Tank
Number	  	Tank Type	  	Primary Seal
Type	  	Secondary
Seal Type	 	Primary Product	 	Unit	 	Ref.
MACT	  	Gas Dist.
MACT	  	NSPS	 	SOCMI
HON	 	BWON	  	RCRA	  	PA
VOC	  	Last 5 or
10 Year
Seal
Inspection	  	Next 5 or
10 Seal
Inspection
	 1
	  	417	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/17/2006	  	07/17/2011
	 2
	  	421	  	EFR	  	Mechanical Shoe	  	Wiper	 	LSD	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/17/2006	  	07/17/2011
	 3
	  	435	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(87)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/17/2006	  	07/17/2011
	 4
	  	424	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(94)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/19/2006	  	07/19/2011
	 5
	  	416	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/20/2006	  	07/20/2011
	 6
	  	414	  	IFR	  	Mechanical Shoe	  	(none)	 	LCO	 	Tank Farm #2	 	1	  	N	  	Kb	 	(N/A)	 	N	  	N	  	N	  	07/27/2001	  	07/27/2011
	 7
	  	408	  	IFR	  	Mechanical Shoe	  	(none)	 	CRUDE	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	09/09/2001	  	09/09/2011
	 8
	  	139	  	IFR	  	Mechanical Shoe	  	(none)	 	ALKYLATE	 	Tank Farm #1	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	10/12/2001	  	10/12/2011
	 9
	  	503	  	IFR	  	Mechanical Shoe	  	Wiper	 	HVY AROMTC	 	Tank Farm #1	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	11/27/2001	  	11/27/2011
	 10
	  	425	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 		 	N	  	N	  	N	  	04/11/2007	  	04/11/2012
	 11
	  	426	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(94)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	04/11/2007	  	04/11/2012
	 12
	  	165	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE	 	Tank Farm #1	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	12/31/2003	  	06/18/2012
	 13
	  	427	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(87)	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	02/27/2008	  	02/27/2013
	 14
	  	131	  	EFR	  	Mechanical Shoe	  	Wiper	 	NAPTHA	 	Tank Farm #1	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/02/2008	  	07/02/2013
	 15
	  	413	  	EFR	  	Mechanical Shoe	  	Wiper	 	CRUDE	 	Tank Farm #2	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/15/2008	  	07/15/2013
	 16
	  	130	  	EFR	  	Mechanical Shoe	  	Wiper	 	LCO	 	Tank Farm #1	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/29/2008	  	07/29/2013
	 17
	  	140	  	EFR	  	Mechanical Shoe	  	Wiper	 	ALKYLATE	 	Tank Farm #1	 	1	  	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/29/2008	  	07/29/2013

  
 1 of 3

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																															
	 Item
 No.
	  	Tank
Number	  	Tank Type	  	Primary Seal
Type	  	Secondary
Seal Type	 	Primary Product	 	Unit	 	Ret.
MACT	 	Gas Dist.
MACT	  	NSPS	 	SOCMI
HON	 	BWON	  	RCRA	  	PA
VOC	  	Last 5 or
10 Year
Seal
Inspection	  	Next 5 or
10 Seal
Inspection
	 18
	  	191	  	EFR	  	Mechanical Shoe	  	Wiper	 	LSD	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/29/2008	  	07/29/2013
	 19
	  	436	  	EFR	  	Mechanical Shoe	  	Wiper	 	LSD	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/31/2008	  	07/31/2013
	 20
	  	405	  	EFR	  	Mechanical Shoe	  	Wiper	 	CRUDE	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/07/2008	  	08/07/2013
	 21
	  	434	  	EFR	  	Mechanical Shoe	  	Wiper	 	LCO	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	09/02/2008	  	09/02/2013
	 22
	  	505	  	IFR	  	Mechanical Shoe	  	(none)	 	HVY AROMTC	 	Plant 5	 	1	 	N	  	Kb	 	(N/A)	 	N	  	N	  	N	  	09/30/2003	  	09/30/2013
	 23
	  	418	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(87)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	10/23/2008	  	10/23/2013
	 24
	  	419	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(94)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	10/23/2008	  	10/23/2013
	 25
	  	420	  	IFR	  	Mechanical Shoe	  	(none)	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	02/18/2004	  	02/18/2014
	 26
	  	195	  	IFR	  	Mechanical Shoe	  	(none)	 	BENZENE	 	Tank Farm #1	 	(N/A)	 	N	  	Kb	 	1	 	N	  	N	  	N	  	02/19/2004	  	02/19/2014
	 27
	  	415	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	05/19/2009	  	05/19/2014
	 28
	  	152	  	IFR	  	Foam Log, Liquid
Mounted	  	(none)	 	NAPTHA	 	Plant 9	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	05/22/2004	  	05/22/2014
	 29
	  	153	  	IFR	  	Mechanical Shoe	  	(none)	 	LSD	 	Tank Farm #1	 	1	 	N	  	Kb	 	(N/A)	 	N	  	N	  	N	  	05/22/2004	  	12/01/2014
	 30
	  	410	  	IFR	  	Foam Log, Liquid
Mounted	  	(none)	 	CRUDE	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/12/2004	  	12/01/2014
	 31
	  	163	  	IFR	  	Mechanical Shoe	  	(none)	 	OCTANE CONC.	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	02/09/2005	  	02/09/2015
	 32
	  	166	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/06/2010	  	07/06/2015
	 33
	  	155	  	IFR	  	Mechanical Shoe	  	(none)	 	GASOLINE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/14/2005	  	07/14/2015
	 34
	  	422	  	IFR	  	Mechanical Shoe	  	(none)	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	05/25/2005	  	11/04/2015
	 35
	  	423	  	IFR	  	Mechanical Shoe	  	(none)	 	GASOLINE(87)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	01/09/2006	  	01/09/2016
	 36
	  	138	  	IFR	  	Mechanical Shoe	  	(none)	 	BENZENE	 	Tank Farm #1	 	(N/A)	 	N	  	(N/A)	 	1	 	N	  	N	  	N	  	09/13/2006	  	08/04/2016
	 37
	  	511	  	IFR	  	Wiper	  	Wiper	 	SLOP OIL	 	Plant 5	 		 	N	  	Kb	 	(N/A)	 	Y	  	N	  	N	  	11/02/2006	  	11/02/2016

  
 2 of 3

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																															
	 Item
 No.
	  	Tank
Number	  	Tank Type	  	Primary Seal
Type	  	Secondary
Seal Type	 	Primary Product	  	Unit	 	Ref.
MACT	 	Gas Dist.
MACT	  	NSPS	 	SOCMI
HON	 	BWON	  	RCRA	  	PA
VOC	  	Last 5 or
10 Year
Seal
Inspection	  	Next 5 or
10 Seal
Inspection
	 38
	  	151	  	1FR	  	Foam Log, Liquid
Mounted	  	(none)	 	NAPTHA	  	Plant 9	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	12/05/2006	  	12/05/2016
	 39
	  	504	  	IFR	  	Mechanical Shoe	  	(none)	 	HVY AROMTC	  	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/11/2004	  	08/08/2018
	 40
	  	137	  	IFR	  	Mechanical Shoe	  	(none)	 	BENZENE	  	Tank Farm #1	 	(N/A)	 	N	  	(N/A)	 	1	 	N	  	N	  	N	  	11/14/2008	  	11/14/2018
	 41
	  	412	  	IFR	  	Foam Log, Liquid
Mounted	  	(none)	 	CRUDE	  	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/31/2009	  	07/31/2019
	 42
	  	156	  	IFR	  	Mechanical Shoe	  	(none)	 	RAFFINATE	  	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/03/2010	  	08/03/2020
	 43
	  	409	  	IFR	  	Mechanical Shoe	  	(none)	 	CRUDE	  	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	09/02/2010	  	09/02/2020

  
 3 of 3

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

 November 19, 2010 

 

																															
	 	  	 	  	 	  	 	  	 	 	Annual Seal Due	  	 	 	 	 	 Due Date From:   
	  	11/19/2010	  	To:	  	11/30/2020
	 	  	 	  	 	  	 	  	 	 	 	  	 	 	 	 	 	  	Facility:	  	 ALL
	  	 	  	 
	 Item
 No
	  	Tank
Number	  	Tank Type	  	Primary Seal
Type	  	Secondary
Seal Type	 	Primary Product	 	Unit	 	Ref.
MACT	 	Gas Dist.
MACT	  	NSPS	 	SOCMI
HON	 	BWON	  	RCRA	  	PA
VOC	  	Next 5 Or 10
Year Seal
Inspection Date	  	Annual Seal
Inspection Due
Date
	 1
	  	423	  	IFR	  	Mechanical Shoe	  	(none)	 	GASOLINE(87)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	01/09/2016	  	01/25/2011
	 2
	  	163	  	IFR	  	Mechanical Shoe	  	(none)	 	OCTANE CONC.	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	02/09/2015	  	02/18/2011
	 3
	  	195	  	IFR	  	Mechanical Shoe	  	(none)	 	BENZENE	 	Tank Farm #1	 	(N/A)	 	N	  	Kb	 	1	 	N	  	N	  	N	  	02/19/2014	  	02/18/2011
	 4
	  	417	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/17/2011	  	02/19/2011
	 5
	  	427	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(87)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	02/27/2013	  	02/19/2011
	 6
	  	415	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	05/19/2014	  	03/02/2011
	 7
	  	419	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(94)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	10/23/2013	  	03/04/2011
	 8
	  	424	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(94)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/19/2011	  	03/11/2011
	 9
	  	130	  	EFR	  	Mechanical Shoe	  	Wiper	 	LCO	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/29/2013	  	03/26/2011
	 10
	  	194	  	IFR	  	Mechanical Shoe	  	(none)	 	XYLENE	 	Tank Farm #1	 	(N/A)	 	N	  	Kb	 	2	 	N	  	N	  	N	  		  	03/30/2011
	 11
	  	435	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(87)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/17/2011	  	03/31/2011
	 12
	  	425	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 		 	N	  	N	  	N	  	04/11/2012	  	04/06/2011
	 13
	  	426	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(94)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	04/11/2012	  	04/06/2011
	 14
	  	143	  	IFR	  	Foam Log, Liquid Mounted	  	(none)	 	TOLUENE	 	Tank Farm #1	 	(N/A)	 	N	  	(N/A)	 	2	 	N	  	N	  	N	  		  	04/09/2011
	 15
	  	153	  	IFR	  	Mechanical Shoe	  	(none)	 	LSD	 	Tank Farm #1	 	1	 	N	  	Kb	 	(N/A)	 	N	  	N	  	N	  	12/01/2014	  	04/10/2011
	 16
	  	434	  	EFR	  	Mechanical Shoe	  	Wiper	 	LCO	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	09/02/2013	  	05/03/2011
	 17
	  	406	  	IFR	  	Mechanical Shoe	  	(none)	 	CRUDE	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	09/09/2011	  	05/10/2011
	 18
	  	410	  	IFR	  	Foam Log, Liquid Mounted	  	(none)	 	CRUDE	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	12/01/2014	  	05/10/2011

  
 1 of 3

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																															
	 Item

No
	  	Tank
Number	  	Tank Type	  	Primary Seal
Type	  	Secondary
Seal Type	 	Primary
Product	 	Unit	 	Ref.
MACT	 	Gas Dist.
MACT	  	NSPS	 	SOCMI
HON	 	BWON	  	RCRA	  	PA
VOC	  	Next 5 Or 10
Year Seal
Inspection Date	  	Annual Seal
Inspection Due
Date
	 19
	  	412	  	IFR	  	Foam Log, Liquid Mounted	  	(none)	 	CRUDE	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/31/2019	  	05/10/2011
	 20
	  	414	  	IFR	  	Mechanical Shoe	  	(none)	 	LCO	 	Tank Farm #2	 	1	 	N	  	Kb	 	(N/A)	 	N	  	N	  	N	  	07/27/2011	  	05/10/2011
	 21
	  	413	  	EFR	  	Mechanical Shoe	  	Wiper	 	CRUDE	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/15/2013	  	05/26/2011
	 22
	  	191	  	EFR	  	Mechanical Shoe	  	Wiper	 	LSD	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/29/2013	  	05/27/2011
	 23
	  	139	  	IFR	  	Mechanical Shoe	  	(none)	 	ALKYLATE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	10/12/2011	  	06/15/2011
	 24
	  	144	  	IFR	  	Mechanical Shoe	  	(none)	 	XYLENE	 	Tank Farm #1	 	(N/A)	 	N	  	(N/A)	 	2	 	N	  	N	  	N	  		  	06/15/2011
	 25
	  	156	  	IFR	  	Mechanical Shoe	  	(none)	 	RAFFINATE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/03/2020	  	06/15/2011
	 26
	  	193	  	IFR	  	Mechanical Shoe	  	(none)	 	TOLUENE	 	Tank Farm #1	 	(N/A)	 	N	  	Kb	 	2	 	N	  	N	  	N	  		  	06/15/2011
	 27
	  	503	  	IFR	  	Mechanical Shoe	  	Wiper	 	HVY AROMTC	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	11/27/2011	  	06/15/2011
	 28
	  	505	  	IFR	  	Mechanical Shoe	  	(none)	 	HVY AROMTC	 	Plant 5	 	1	 	N	  	Kb	 	(N/A)	 	N	  	N	  	N	  	09/30/2013	  	06/23/2011
	 29
	  	511	  	IFR	  	Wiper	  	Wiper	 	SLOP OIL	 	Plant 5	 		 	N	  	Kb	 	(N/A)	 	Y	  	N	  	N	  	11/02/2016	  	06/23/2011
	 30
	  	155	  	IFR	  	Mechanical Shoe	  	(none)	 	GASOLINE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/14/2015	  	06/29/2011
	 31
	  	165	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	06/18/2012	  	06/30/2011
	 32
	  	166	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/06/2015	  	07/06/2011
	 33
	  	131	  	EFR	  	Mechanical Shoe	  	Wiper	 	NAPTHA	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/02/2013	  	07/14/2011
	 34
	  	140	  	EFR	  	Mechanical Shoe	  	Wiper	 	ALKYLATE	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/29/2013	  	07/21/2011
	 35
	  	418	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(87)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	10/23/2013	  	07/23/2011
	 36
	  	416	  	EFR	  	Mechanical Shoe	  	Wiper	 	GASOLINE(83.5)	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/20/2011	  	07/26/2011
	 37
	  	421	  	EFR	  	Mechanical Shoe	  	Wiper	 	LSD	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/17/2011	  	07/28/2011
	 38
	  	436	  	EFR	  	Mechanical Shoe	  	Wiper	 	LSD	 	Tank Farm #2	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	07/31/2013	  	07/29/2011
	 39
	  	504	  	IFR	  	Mechanical Shoe	  	(none)	 	HVY AROMTC	 	Tank Farm #1	 	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/06/2018	  	06/16/2011

  
 2 of 3

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																															
	 Item

No
	  	Tank
Number	  	Tank Type	  	 Primary Seal

Type
	  	Secondary
Seal Type	 	Primary Product	 	 Unit
	  	Ref.
MACT	 	Gas Dist.
MACT	  	NSPS	 	SOCMI
HON	 	BWON	  	RCRA	  	PA
VOC	  	Next 5 Or 10
Year Seal
Inspection Date	  	Annual Seal
Inspection Due
Date
	 40
	  	405	  	EFR	  	 Mechanical
 Shoe
	  	Wiper	 	CRUDE	 	Tank Farm #2	  	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	08/07/2013	  	08/20/2011
	 41
	  	138	  	IFR	  	 Mechanical
 Shoe
	  	(none)	 	BENZENE	 	Tank Farm #1	  	(N/A)	 	N	  	(N/A)	 	1	 	N	  	N	  	N	  	08/04/2016	  	08/24/2011
	 42
	  	152	  	IFR	  	Foam Log, Liquid Mounted	  	(none)	 	NAPTHA	 	Plant 9	  	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	05/22/2014	  	08/24/2011
	 43
	  	409	  	IFR	  	Mechanical Shoe	  	(none)	 	CRUDE	 	Tank Farm #2	  	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	09/02/2020	  	09/29/2011
	 44
	  	422	  	IFR	  	 Mechanical
 Shoe
	  	(none)	 	GASOLINE(83.5)	 	Tank Farm #2	  	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	11/04/2015	  	10/18/2011
	 45
	  	151	  	IFR	  	Foam Log, Liquid Mounted	  	(none)	 	NAPTHA	 	Plant 9	  	1	 	N	  	(N/A)	 	(N/A)	 	N	  	N	  	N	  	12/05/2016	  	11/16/2011

  
 3 of 3

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

 November 19, 2010 

 

																																					
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	Next IS Inspection Due	 	 	 	 	 	 	  	Facility:	  	‘TO’	  	 
																			
	 Item

No.
	  	Tank
Number	  	State
Reg
No	  	Tank
Status	  	Regulatory
Status	  	Tank
Type	  	Year
Built	  	Construction
Standard	  	Dia
(FT)	  	HT
(FT)	  	Design
Capacity
GAL	  	Primary
Product	 	Unit	 	East
West Grid
Loc	 	North
South
Grid Loc	 	Last
Internal
Inspection	  	Last
External
Inspection	  	Next
Internal
Inspection	  	Next
External
Inspection
	 1
	  	163	  	T010	  	IS	  	Active	  	IFR	  	1952	  	API 12C	  	110	  	48	  	81000	  	OCTANE CONC	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	10/01/1990	  	07/20/2005	  	10/01/2010	  	12/31/2010
	 2
	  	408	  	T110	  	IS	  	Active	  	IFR	  	1972	  	API 650	  	150	  	49	  	150000	  	CRUDE	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	08/09/2001	  	12/20/2005	  	08/07/2011	  	12/31/2010
	 3
	  	1605	  		  	IS	  	Active	  		  		  		  	11	  	18	  	4595	  	F.O.ADDITIVE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 		  	08/08/2005	  		  	12/31/2010
	 4
	  	155	  	T053	  	IS	  	Active	  	IFR	  	1949	  	API 12C	  	90	  	48	  	54300	  	GASOLINE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	05/08/2000	  	01/10/2006	  	12/01/2010	  	01/10/2011
	 5
	  	197	  		  	OOS	  	Active	  	Cone Roof	  	1999	  	API 650	  	120	  	40	  	80000	  	CSO	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	11/16/2009	  	01/10/2006	  	11/16/2029	  	01/10/2011
	 6
	  	509	  	T042	  	IS	  	Active	  	Cone Roof	  	1949	  	API 12C	  	43	  	40	  	10000	  	CSO	 	Plant 5	 	(N/A)	 	(N/A)	 	03/14/2000	  	01/10/2006	  	12/01/2010	  	01/10/2011
	 7
	  	164	  	T081	  	IS	  	Active	  	IFR	  	1953	  	API 12C	  	110	  	48	  	81000	  	LSD / LCO	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	07/08/2003	  	04/19/2006	  	02/28/2016	  	04/19/2011
	 8
	  	129	  	T125	  	IS	  	Active	  	IFR	  	1953	  	API 12C	  	43	  	42	  	10600	  	NONENE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	08/02/2001	  	07/11/2006	  	08/02/2021	  	07/11/2011
	 9
	  	415	  	T069	  	IS	  	Active	  	EFR	  	1949	  	API 12C	  	134	  	48	  	118432	  	GASOLINE(83.5)	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	08/15/2007	  	07/12/2006	  	08/15/2027	  	07/12/2011
	 10
	  	428	  	T019	  	IS	  	Active	  	Cone Roof	  	1942	  	API 12C	  	115	  	30	  	50000	  	KERO/JET	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	08/14/1996	  	07/12/2006	  	08/14/2016	  	07/12/2011
	 11
	  	429	  	T045	  	IS	  	Active	  	Cone Roof	  	1942	  	API 12C	  	115	  	30	  	50000	  	KERO/JET	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	12/31/1996	  	07/12/2006	  	12/31/2016	  	07/12/2011
	 12
	  	431	  	T024	  	IS	  	Active	  	Cone Roof	  	1942	  	API 12C	  	115	  	29	  	50000	  	KERO/JET	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	07/25/2001	  	07/12/2006	  	07/25/2021	  	07/12/2011
	 13
	  	432	  	T016	  	IS	  	Active	  	Cone Roof	  	1942	  	API 12C	  	115	  	30	  	50000	  	DIESEL FUFI	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	01/19/1998	  	07/13/2006	  	01/19/2018	  	07/13/2011
	 14
	  	430	  	T043	  	IS	  	Active	  	Cone Roof	  	1942	  	API 12C	  	115	  	29	  	50000	  	DIESEL FUFI	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	01/16/1998	  	07/18/2006	  	01/16/2018	  	07/18/2011
	 15
	  	414	  	T036	  	IS	  	Active	  	IFR	  	1939	  	API 12C	  	144	  	40	  	100000	  	LCO	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	07/27/2001	  	07/19/2006	  	12/01/2021	  	07/19/2011
	 16
	  	505	  	T149	  	IS	  	Active	  	IFR	  	1993	  	API 650	  	43	  	40	  	10000	  	HVY AROMTC	 	Plant 5	 	(N/A)	 	(N/A)	 	09/11/2001	  	07/19/2006	  	09/11/2011	  	07/19/2011
	 17
	  	125	  	T023	  	IS	  	Active	  	Cone Roof	  	1920	  		  	50	  	30	  	10500	  	TETRAMER	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	03/09/1999	  	07/26/2006	  	03/09/2019	  	07/26/2011
	 18
	  	139	  	T058	  	IS	  	Active	  	IFR	  	1962	  	API 12C	  	67	  	40	  	25000	  	ALKYLATE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	10/12/2001	  	07/26/2006	  	12/01/2021	  	07/26/2011
	 19
	  	156	  	T001	  	IS	  	Active	  	IFR	  	1949	  	API 12C	  	90	  	48	  	54300	  	RAFFINATE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	10/30/2001	  	07/27/2006	  	12/01/2021	  	07/27/2011

  
 1 of 5

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																																					
	 Item

No.
	  	Tank
Number	  	State
Reg
No	  	Tank
Status	  	Regulatory
Status	  	Tank
Type	  	Year
Built	  	Construction
Standard	  	Dia
(FT)	  	HT
(FT)	  	Design
Capacity
GAL	  	Primary
Product	 	Unit	 	East
West Grid
Loc	 	North
South Grid
Loc	 	Last
Internal
Inspection	  	Last
External
Inspection	  	Next
Internal
Inspection	  	Next
External
Inspection
	 20
	  	510	  	T075	  	OOS	  	Active	  	IFR	  	1949	  	API 12C	  	43	  	40	  	10000	  	SLOP OIL	 	Plant 5	 	(N/A)	 	(N/A)	 	11/28/2007	  	08/02/2006	  	11/28/2017	  	08/02/2011
	 21
	  	138	  	T098	  	IS	  	Active	  	IFR	  	1962	  	API 12C	  	43	  	40	  	10000	  	BENZENE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	08/04/2006	  	01/11/2006	  	08/04/2016	  	08/04/2011
	 22
	  	152	  	T093	  	IS	  	Active	  	IFR	  	1968	  	API 650	  	90	  	48	  	52000	  	NAPTHA	 	Plant 9	 	(N/A)	 	(N/A)	 	09/06/2006	  	09/20/2005	  	12/31/2016	  	09/06/2011
	 23
	  	437	  	T089	  	IS	  	Active	  	IFR	  	1966	  	API 650	  	150	  	50	  	150000	  	KERO/JET	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	10/17/2006	  	05/27/2004	  	10/17/2026	  	10/17/2011
	 24
	  	122	  		  	IS	  	Active	  	Cone Roof	  	1920	  		  	40	  	25	  	5600	  	CAUSTIC	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	03/01/2000	  	11/09/2006	  	03/01/2020	  	11/09/2011
	 25
	  	199	  		  	IS	  	Active	  	Cone Roof	  	2001	  	API 650	  	120	  	40	  	80000	  	CSO	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	06/01/2001	  	11/09/2006	  	06/01/2011	  	11/09/2011
	 26
	  	124	  	T127	  	OOS	  	Active	  	IFR	  	1920	  		  	50	  	30	  	10000	  	TETRAMER	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	01/11/2007	  	07/25/2006	  	01/11/2027	  	01/11/2012
	 27
	  	425	  	T047	  	IS	  	Active	  	EFR	  	1955	  	API 12C	  	144	  	48	  	139000	  	GASOLINE(83.5)	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	05/01/2006	  	09/19/2002	  	04/01/2017	  	04/13/2012
	 28
	  	426	  	T037	  	IS	  	Active	  	EFR	  	1955	  	API 12C	  	144	  	48	  	139000	  	GASOLINE(94)	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	10/04/2006	  	06/14/2005	  	04/01/2017	  	04/13/2012
	 29
	  	9103	  		  	OOS	  	Active	  	Cone Roof	  	1967	  	API 12C	  	20	  	18	  	1000	  	CATACAR B	 	Plant 9	 	(N/A)	 	(N/A)	 	10/07/2002	  	05/21/2007	  	10/07/2017	  	05/20/2012
	 30
	  	144	  	T101	  	IS	  	Active	  	IFR	  	1972	  	API 650	  	50	  	45	  	15000	  	XYLENE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	06/01/1993	  	05/22/2007	  	06/01/2013	  	05/21/2012
	 31
	  	413	  	T006	  	IS	  	Active	  	EFR	  	1939	  	API 12C	  	144	  	40	  	115600	  	CRUDE	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	11/11/1992	  	05/23/2007	  	11/11/2012	  	05/22/2012
	 32
	  	1606	  		  	IS	  	Active	  	Cone Roof	  	1944	  	API 12C	  	48	  	36	  	12000	  	BALLAST	 	Hocking Valley	 	(N/A)	 	(N/A)	 	05/28/1992	  	05/23/2007	  	12/01/2012	  	05/22/2012
	 33
	  	435	  	T040	  	IS	  	Active	  	EFR	  	1957	  	API 12C	  	144	  	47	  	139000	  	GASOLINE(B7)	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	11/20/2002	  	05/23/2007	  	11/20/2018	  	05/23/2012
	 34
	  	165	  	T009	  	IS	  	Active	  	EFR	  	1957	  	API 12C	  	110	  	48	  	80000	  	GASOLINE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	10/14/2006	  	08/09/2005	  	11/22/2024	  	06/18/2012
	 35
	  	134	  	T150	  	IS	  	Active	  	Cone Roof	  	1993	  	API 650	  	52	  	40	  	15000	  	CSO	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	11/01/1993	  	07/20/2006	  	11/21/2017	  	11/21/2012
	 36
	  	15	  	T100	  	IS	  	Active	  	Cone Roof	  	1971	  	API 650	  	43	  	40	  	10000	  	CSO	 	T&S	 	(N/A)	 	(N/A)	 	10/03/1997	  	11/29/2007	  	10/03/2017	  	11/29/2012
	 37
	  	1601	  	T082	  	IS	  	Active	  	Cone Roof	  	1951	  	API 12C	  	90	  	48	  	55000	  	GAS OIL	 	Marine Terminal	 	(N/A)	 	(N/A)	 	03/10/1991	  	11/30/2007	  	12/01/2011	  	11/30/2012
	 38
	  	16029	  		  	IS	  	Active	  	Cone Roof	  	1990	  		  	6	  	16	  	140	  	F.O.ADDITIVE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 		  	12/19/2007	  		  	12/19/2012
	 39
	  	16014	  		  	IS	  	Active	  	Cone Roof	  	1975	  	API 650	  	23	  	20	  	15000	  	CAUSTIC	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	12/12/2007	  	11/03/2003	  	03/07/2028	  	03/07/2013
	 40
	  	9402	  		  	IS	  	Active	  	Cone Roof	  	1976	  	API 650	  	10	  	20	  	450	  	ETHYLENE	 	Plant 9	 	(N/A)	 	(N/A)	 	03/18/2008	  	05/21/2007	  	03/18/2028	  	03/18/2013

  
 2 of 5

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																																					
	 Item

No.
	  	Tank
Number	  	State
Reg
No	  	Tank
Status	  	Regulatory
Status	  	Tank
Type	  	Year
Built	  	Construction
Standard	  	Dla
(FT)	  	HT
(FT)	  	Design
Capacity
GAL	  	Primary
Product	 	Unit	 	East
West Grid
Loc	 	North
South
Grid Loc	 	Last
Internal
Inspection	  	Last
External
Inspection	  	Next
Internal
Inspection	  	Next
External
Inspection
	 41
	  	195	  	T157	  	IS	  	Active	  	IFR	  	1994	  	API 650	  	67	  	40	  	25000	  	BENZENE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	06/01/1995	  	06/10/2008	  	12/01/2015	  	06/10/2013
	 42
	  	6301	  		  	IS	  	Active	  	Cone Roof	  	1978	  	API 650	  	10	  	12	  	164	  	Aromatics	 	Plant 6	 	(N/A)	 	(N/A)	 		  	06/10/2008	  		  	06/10/2013
	 43
	  	9201	  		  	IS	  	Active	  	Cone Roof	  	1967	  	API 12C	  	15	  	18	  	560	  	RECYCLE OIL	 	Plant 9	 	(N/A)	 	(N/A)	 	03/01/1992	  	06/10/2008	  	12/01/2012	  	06/10/2013
	 44
	  	9401	  		  	IS	  	Active	  	Cone Roof	  	1976	  	API 650	  	26	  	32	  	3000	  	ETHYLENE	 	Plant 9	 	(N/A)	 	(N/A)	 	11/01/1990	  	06/10/2008	  	12/01/2010	  	06/10/2013
	 45
	  	16015	  	T111	  	IS	  	Active	  	IFR	  	1976	  	API 650	  	108	  	48	  	78000	  	P9 FEED (LCO)	 	Marine Terminal	 	(N/A)	 	(N/A)	 	08/23/2010	  	06/11/2008	  	08/23/2030	  	06/11/2013
	 46
	  	9403	  		  	IS	  	Active	  	Cone Roof	  	1972	  		  	12	  	11	  	200	  	ETHYLENE	 	Plant 9	 	(N/A)	 	(N/A)	 	06/26/2008	  	06/10/2008	  	06/26/2028	  	06/26/2013
	 47
	  	420	  	T064	  	OOS	  	Active	  	IFR	  	1950	  	API 12C	  	144	  	48	  	140000	  	GASOLINE(83.5)	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	06/27/2008	  	05/24/2007	  	06/27/2028	  	06/27/2013
	 48
	  	504	  	T005	  	IS	  	Active	  	IFR	  	1949	  	API 12C	  	43	  	42	  	10000	  	HVY AROMTC	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	10/17/2007	  	07/25/2006	  	08/22/2018	  	08/22/2013
	 49
	  	16013	  		  	IS	  	Active	  	Cone Roof	  	1975	  	API 650	  	23	  	20	  	15000	  	CAUSTIC	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	09/15/2008	  	06/11/2008	  	09/15/2028	  	09/15/2013
	 50
	  	137	  	T099	  	IS	  	Active	  	IFR	  	1962	  	API 12C	  	43	  	40	  	10000	  	BENZENE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	12/05/2007	  	01/11/2006	  	03/23/2019	  	10/22/2013
	 51
	  	153	  	T158	  	IS	  	Active	  	IFR	  	1995	  	API 650	  	134	  	40	  	100000	  	LSD	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	11/15/1994	  	05/28/2009	  	12/01/2015	  	05/28/2014
	 52
	  	503	  	T003	  	IS	  	Active	  	IFR	  	1949	  	API 12C	  	43	  	40	  	10000	  	HVY AROMTC	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	11/27/2001	  	05/28/2009	  	12/01/2021	  	05/28/2014
	 53
	  	412	  	T072	  	IS	  	Active	  	IFR	  	1939	  	API 12C	  	144	  	40	  	115500	  	CRUDE	 	Tank Farm #2	 	(N/A)	 	(N/A)	 	07/23/1999	  	05/29/2009	  	12/01/2012	  	05/29/2014
	 54
	  	2303	  	N/A	  	IS	  	Active	  	UMB	  	2007	  	API 650	  	22	  	33	  	2235	  	CAUSTIC	 	Plant 2	 	(N/A)	 	(N/A)	 		  		  	01/23/2019	  	07/23/2014
	 55
	  	2304	  	N/A	  	IS	  	Active	  	Dome Roof	  	2007	  	API 650	  	10	  	24	  	355	  	CAUSTIC	 	Plant 2	 	(N/A)	 	(N/A)	 		  		  	01/23/2019	  	07/23/2014
	 56
	  	2302	  	N/A	  	IS	  	Active	  	Flat Roof	  	2007	  	API 650	  	3	  	7	  	8	  	EFFLUENT	 	Plant 2	 	(N/A)	 	(N/A)	 		  		  	02/28/2019	  	08/28/2014
	 57
	  	3331	  	N/A	  	IS	  	Active	  	Cone Roof	  	2007	  	API 650	  	8	  	14	  	119	  	(Other)	 	Plant 3	 	(N/A)	 	(N/A)	 		  		  	04/28/2019	  	10/28/2014
	 58
	  	166	  	T008	  	IS	  	Active	  	EFR	  	1957	  	API 12C	  	110	  	48	  	80000	  	GASOLINE	 	Tank Farm #1	 	(N/A)	 	(N/A)	 	11/13/2009	  	11/13/2009	  	11/13/2029	  	11/13/2014
	 59
	  	511	  	T128	  	IS	  	Active	  	IFR	  	1989	  	API 650	  	95	  	48	  	60000	  	SLOP OIL	 	Plant 5	 	(N/A)	 	(N/A)	 	11/09/1999	  	11/17/2009	  	12/01/2010	  	11/17/2014
	 60
	  	1612	  		  	IS	  	Active	  	Cone Roof	  	1967	  	API 650	  	12	  	16	  	0	  	OUT OF SERV	 	Tank Farm #1	 	(N/A)	 	(N/A)	 		  	01/19/2010	  		  	01/19/2015
	 61
	  	506	  	T088	  	IS	  	Active	  	IFR	  	1949	  	API 12C	  	43	  	40	  	10000	  	9-2 FEED	 	Plant 9	 	(N/A)	 	(N/A)	 	10/30/2008	  	09/20/2005	  	03/05/2020	  	03/05/2015

  
 3 of 5

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																																					
	 Item

No.
	  	Tank
Number	  	State
Reg
No	  	Tank
Status	  	Regulatory
Status	  	Tank
Type	  	Year
Built	  	Construction
Standard	  	Dla
(FT)	  	HT
(FT)	  	Design
Capacity
GAL	  	 Primary
Product
	  	 Unit
	  	East
West Grid
Loc	 	North
South
Grid Loc	 	Last
Internal
Inspection	  	Last
External
Inspection	  	Next
Internal
Inspection	  	Next
External
Inspection
	 62
	  	405	  	T007	  	IS	  	Active	  	EFR	  	1938	  	API 12C	  	144	  	40	  	115500	  	CRUDE	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	06/01/1995	  	03/15/2010	  	12/01/2015	  	03/15/2015
	 63
	  	418	  	T066	  	IS	  	Active	  	EFR	  	1950	  	API 12C	  	144	  	48	  	140000	  	GASOLINE(87)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	11/27/2000	  	03/15/2010	  	11/27/2020	  	03/15/2015
	 64
	  	423	  	T061	  	IS	  	Active	  	IFR	  	1950	  	API 12C	  	144	  	48	  	140000	  	GASOLINE(87)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	04/20/2005	  	03/16/2010	  	12/22/2015	  	03/16/2015
	 65
	  	436	  	T015	  	IS	  	Active	  	EFR	  	1959	  	API 12C	  	150	  	48	  	147000	  	LSD	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	06/20/1993	  	03/16/2010	  	12/01/2013	  	03/16/2015
	 66
	  	422	  	T062	  	IS	  	Active	  	IFR	  	1953	  	API 12C	  	144	  	48	  	139000	  	GASOLINE(83.5)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	11/04/2005	  	03/17/2010	  	12/31/2024	  	03/17/2015
	 67
	  	151	  	T092	  	IS	  	Active	  	IFR	  	1968	  	API 650	  	90	  	48	  	52000	  	NAPTHA	  	Plant 9	  	(N/A)	 	(N/A)	 	01/24/1996	  	05/25/2010	  	12/01/2016	  	05/25/2015
	 68
	  	507	  	T085	  	OOS	  	Active	  	IFR	  	1949	  	API 12C	  	43	  	40	  	10000	  	9-2 FEED	  	Plant 9	  	(N/A)	 	(N/A)	 	06/15/2010	  	09/20/2005	  	06/15/2024	  	06/15/2015
	 69
	  	130	  	T054	  	IS	  	Active	  	EFR	  	1929	  	API 650	  	48	  	41	  	13000	  	LCO	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	05/03/1995	  	06/16/2010	  	05/03/2015	  	06/16/2015
	 70
	  	140	  	T029	  	IS	  	Active	  	EFR	  	1962	  	API 12C	  	67	  	40	  	25000	  	ALKYLATE	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	06/01/1995	  	06/16/2010	  	06/01/2015	  	06/16/2015
	 71
	  	143	  	T028	  	IS	  	Active	  	IFR	  	1968	  	API 650	  	67	  	40	  	25000	  	TOLUENE	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	02/01/1996	  	06/16/2010	  	02/01/2016	  	06/16/2015
	 72
	  	193	  	T153	  	IS	  	Active	  	IFR	  	1994	  	API 650	  	37	  	40	  	7500	  	TOLUENE	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	06/01/1994	  	06/16/2010	  	12/01/2014	  	06/16/2015
	 73
	  	128	  	T124	  	IS	  	Active	  	IFR	  	1920	  	API 650	  	48	  	41	  	13000	  	NONENE	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	03/22/1996	  	06/17/2010	  	03/22/2016	  	06/17/2015
	 74
	  	131	  	T044	  	IS	  	Active	  	EFR	  	1965	  	API 12C	  	60	  	40	  	20000	  	NAPTHA	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	08/18/2001	  	06/17/2010	  	08/18/2021	  	06/17/2015
	 75
	  	154	  	T051	  	IS	  	Active	  	Cone Roof	  	1950	  	API 12C	  	90	  	46	  	54300	  	GAS OIL	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	08/28/2000	  	06/17/2010	  	08/28/2012	  	06/17/2015
	 76
	  	191	  	T059	  	IS	  	Active	  	EFR	  	1955	  	API 12C	  	67	  	40	  	25000	  	LSD	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	11/12/1999	  	06/17/2010	  	11/12/2019	  	06/17/2015
	 77
	  	194	  	T154	  	IS	  	Active	  	IFR	  	1994	  	API 650	  	37	  	40	  	7500	  	XYLENE	  	Tank Farm #1	  	(N/A)	 	(N/A)	 	06/01/1994	  	06/17/2010	  	12/01/2014	  	06/17/2015
	 78
	  	424	  	T039	  	IS	  	Active	  	EFR	  	1953	  	API 12C	  	144	  	48	  	139000	  	GASOLINE(94)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	03/01/1994	  	06/18/2010	  	03/01/2014	  	06/18/2015
	 79
	  	434	  	T041	  	IS	  	Active	  	EFR	  	1957	  	API 12C	  	144	  	48	  	139000	  	LCO	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	11/23/1998	  	06/18/2010	  	11/23/2018	  	06/18/2015
	 80
	  	409	  	T070	  	IS	  	Active	  	IFR	  	1972	  	API 650	  	150	  	49	  	150000	  	CRUDE	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	04/01/2010	  	07/07/2010	  	04/01/2024	  	07/07/2015
	 81
	  	416	  	T068	  	IS	  	Active	  	EFR	  	1949	  	API 12C	  	134	  	48	  	120000	  	GASOLINE(83.5)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	10/23/2000	  	09/22/2010	  	10/23/2020	  	09/22/2015
	 82
	  	419	  	T065	  	IS	  	Active	  	EFR	  	1950	  	API 12C	  	144	  	48	  	139000	  	GASOLINE(94)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	06/01/1997	  	09/22/2010	  	06/01/2017	  	09/22/2015

  
 4 of 5

 Attachment to Schedule 4.1.8.8 

Tank Inspection Due Dates 
  

																																					
	 Item

No.
	  	Tank
Number	  	State
Reg
No	  	Tank
Status	  	Regulatory
Status	  	Tank
Type	  	Year
Built	  	 Construction
Standard
	  	Dla
(FT)	  	HT
(FT)	  	Design
Capacity
GAL	  	 Primary

Product
	  	 Unit
	  	East
West Grid
Loc	 	North
South
Grid Loc	 	Last
Internal
Inspection	  	Last
External
Inspection	  	Next
Internal
Inspection	  	Next
External
Inspection
	 83
	  	410	  	T013	  	IS	  	Active	  	IFR	  	1970	  	API 650	  	150	  	48	  	150000	  	CRUDE	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	03/01/1993	  	09/23/2010	  	12/01/2013	  	09/23/2015
	 84
	  	417	  	T067	  	IS	  	Active	  	EFR	  	1949	  	API 12C	  	134	  	48	  	120000	  	GASOLINE(83.5)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	08/04/1995	  	09/23/2010	  	08/04/2015	  	09/23/2015
	 85
	  	421	  	T063	  	IS	  	Active	  	EFR	  	1952	  	API 12C	  	144	  	48	  	139000	  	LSD	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	06/07/1996	  	09/23/2010	  	06/17/2016	  	09/23/2015
	 86
	  	427	  	T038	  	IS	  	Active	  	EFR	  	1953	  	API 12C	  	144	  	48	  	139000	  	GASOLINE(87)	  	Tank Farm #2	  	(N/A)	 	(N/A)	 	05/01/1996	  	09/23/2010	  	05/01/2016	  	09/23/2015

  
 5 of 5

 Schedule 4.1.9 

Litigation 
  

 [REDACTED] 

  

 Schedule 4.1.10(A) 

Employee Matters: Labor & Collective Bargaining 
 With regard to the Current Employees, there are two represented bargaining units. The United Steel, Paper & Forestry, Rubber, Manufacturing, Energy, Allied-Industrial & Service Workers
International Union, Local 912 (“Union”) is the collective bargaining representative for “all hourly-paid production and maintenance employees at [Sunoco, Inc. (R&M)’s] Toledo, Ohio Refinery, as described in National Labor
Relations Board certification but excluding all office and clerical employees, professional employees, guards and supervisors as defined in the [National Labor Relations] Act, as amended...”(“Hourly Unit”). The current collective
bargaining agreement between the Seller and the Union for this Hourly Unit became effective February 8, 2009 and remains in effective until February 8, 2012. 
 This Union is also the collective bargaining representative for a separate bargaining unit consisting of “[a]ll clerks I, II, III, and IV, administrative clerks, office assistants, accounting clerks,
secretaries, maintenance assistants, key punch operators, computer operators, accounting assistants, telecommunications operators, senior technicians, draftsmen, and designers, employed by Sunoco, Inc. (R&M) at its [Toledo Refinery], as
described in National Labor Relations Board certification of January 30, 1979, in Case No. 8-RC-11594, excluding all separator operators, administrative employees, secretaries to managers of the refinery, employee and plant services,
refinery financial administration, facilities (technical), (maintenance), operations and labor relations (employee relations) and all professional employees, guards, and supervisors as defined in the [National Labor Relations] Act as
amended...” (“Office Unit”). Currently there are seven employees covered by this Office Unit. The collective bargaining agreement covering the Office Unit was negotiated in 1991 and became effective July 1, 1991 (“Office
Unit CBA”). At the time, the Office Unit was represented by the Sun Salaried Employees’ Association of Toledo, Ohio (“Association”). On or about June 22, 1998, the Association became affiliated with the Union. After the
Office Unit CBA’s initial three year term, it has been automatically renewed for consecutive periods of one year, but has been amended at times with memorandums of agreements on, among other things, wage rates. The “Memorandum of Agreement
Wage Rates 2008 Sunoco, Inc. and USW Local 912 (Office Group)” (“2008 Wage Rates MOA”) has been provided to the Buyer. In January or February of 2009, Seller and the Union entered into an agreement similar to the 2008 Wage Rates MOA
which provided for a 3.0% merit pool and a 3.5% adjustment in salary ranges for the non-exempt salary grades 46, 47, and 48 in the Office Unit. 

In addition to the CBA for the Hourly Unit and the Office Unit CBA, the Seller has entered into various agreements with the Union, including the
Memorandum of Agreement Governing Certain Named Benefits and agreements to resolve grievances. 

  
 35 

 Schedule 4.1.10(B) 

Employee Matters: Claims 
  

 [REDACTED] 

  
 36 

 Schedule 4.1.10(C) 

Employee Matters: Contracts 
  

 Certain Current Employees have signed employment agreements and confidentiality agreements and waivers
of patent rights, copies of the forms of which have been provided to the Buyer. Non-represented employees of the seller are covered under the terms of the Seller’s Employee Resolution in Action Program, a copy of which has been provided to the
Buyer. 

  
 37 

 Schedule 4.1.11.1 

Compensation and Employee Benefits 
 Retirement Plans: 
 Sunoco, Inc. Retirement Plan 

Sunoco, Inc. Pension Restoration Plan 
 Sunoco,
Inc. Capital Accumulation Plan 
 Sunoco, Inc. Savings Restoration Plan 
 Welfare Plans: 
 Sunoco, Inc. National Medical Program 

Sunoco, Inc. Dental Assistance Plan 
 Sunoco,
Inc. Health Care Reimbursement Plan 
 Sunoco, Inc. Cafeteria Plan 
 Sunoco, Inc. Dependent Care Reimbursement Plan 
 Sunoco, Inc. Disability Income Plan 

Sunoco, Inc. Death Benefits Plan 
 Sunoco, Inc.
Travel Accident Insurance Plan 
 Sunoco, Inc. Occupational Death Benefits Plan 
 Sunoco, Inc. Accidental Death & Disability Plan 
 Sunoco, Inc. Employee Assistance
Plan 
 Sunoco, Inc. Optional Retirement Benefit Income Trust 
 Termination Plans: 
 Sunoco, Inc. Involuntary Termination Plan 

Incentive Plans: 
 Sunoco, Inc. Annual
Incentive Plan 
 Sunoco, Inc. Leadership Recognition Plan 
 Executive Plans: 
 Sunoco, Inc. Executive Retirement Plan 

Sunoco, Inc. Executive Involuntary Severance Plan 

Sunoco, Inc. Special Executive Severance Plan 

Sunoco, Inc. Senior Executive Incentive Plan 

Sunoco, Inc. Long-Term Performance Enhancement Plan II 
 Sunoco, Inc. Long-Term Performance Enhancement Plan III 
 Policies: 

Paid Holidays (including Floating Holidays) 

Paid Absence for Death in Family 
 Paid Absence
for Jury Duty 
 Vacation 
 Civil Leaves
of Absence 
 Family and Medical Leave 

Military Leave 
 Educational Assistance for
Employees 
 Flexible Schedule (9/80) Program 

  
 38 

 Schedule 4.1.12 

Intellectual Property 
 None. 

  
 39 

 Schedule 4.1.13 

Financial Information 
 [REDACTED] 

  
 40 

 Schedule 5.3 

Operation of Business 
 The Seller intends to undertake the following material changes related to the operation of the Business: 
  

	1.	Ohio Valley Strategic Maintenance Contract 

 The Seller intends to conclude a major maintenance cost-savings initiative to single source maintenance activities in the Ohio Valley including the Toledo Refinery maintenance activities. 

 

	2.	Sun Petrochemicals Dissolution 

As a result of the dissolution of the Sun Petrochemicals Company Joint Venture (“SPC”), the Seller intends to proceed with
necessary activities to unwind SPC and separate the contracts and assets between the Toledo refinery and Suncor Sarnia refinery. The scope of separation includes rail fleet, customer contracts and terminal agreements and activities will be completed
by the end of 2010. 
  

	3.	Chemicals Outsourcing Arrangements 

 The Seller intends to continue initiative to fully outsource the marketing activities for petrochemicals to a single designated business partner. 

 

	4.	Capital Projects 

  

	 	a.	Facility Siting Initiative: The Seller intends to continue progress with an ongoing capital initiative to improve safety at the Toledo facility.

  

	 	b.	Kellogg Unit (End of January) and Stratco Unit (December) Turn-Around: As part of the scheduled turnaround program, the Alky unit will undergo capital turn around work
this winter. The Kellogg Unit is currently scheduled for the end of January 2011, and the Stratco Unit in early December. 

  

	5.	Transfer of Assets to Sunoco Logistics MLP subsidiaries 

  

	 	a.	As part of the 2002 formation of the SXL MLP, logistics assets shifted from Sunoco, Inc. (R&M) to the new entity with an agreement that the official recording of
the transfers would be an on-going process. The official process to carve out the real estate, property and easements for the Toledo SXL terminal, #2 Tank Farm Pump Station and 12” & 8” pipelines will continue. As such process
continues, the Title Commitments (including the legal descriptions contained therein) of the affected Owned Real Property will be revised and updated to reflect the related transfers, easements and other related matters. 

 

	 	b.	 In connection with the transfer of assets described in Item 5(a) above, a lot split of the Sunoco, Inc. (R&M) No. 2 Tank Farm, Parcel
No. 44-21751, is currently in progress to transfer ownership of approximately 2.174 acres of land to Sunoco Pipeline L.P. for its existing Toledo Pump Station. A property survey and legal description of the split has been completed by
Lewandowski Engineers and was submitted to the City of 

  
 41 

 Schedule 5.3 

Operation of Business 
  

	 	Oregon on November 23, 2010 for approval of the Planning Commission. Approval of the City of Oregon is expected on or before December 7, 2010. Upon approval
of the split, a Limited Warranty Deed will be prepared, executed by Sunoco, Inc. (R&M) and recorded in the Office of the Recorder of Deeds for Lucas County, Ohio. 

 

	6.	With respect to the disclosure made in Item 1 of Schedule 4.1.4(b) with respect to the Gas Oil Exchange and Net-Out Agreement by and between Holly
Refining & Marketing - Tulsa LLC (“Holly”) and Sunoco, Inc. (R&M) dated June 1, 2009 (the “Holly Agreement”), Seller reserves the right to enter into with Holly any amendments, terminations, or cancellations of
the Holly Agreement in an effort to resolve any issues or disputes that arise with respect to such item and to exercise any of its (Seller’s) rights under the Holly Agreement, including without limitation Section 2.4 thereof, with respect
to a shut down or conversion of the SXL Pipeline (as such term is defined in the Holly Agreement). 

  
 42 

 Schedule 6.5.1 

Current Employees 
 [REDACTED] 

  
 43 

 Schedule 6.5.1.1 

Independent Contractors 
 [REDACTED] 

  
 44 

 Schedule 6.5.2 

Employee Offers 
 [REDACTED] 

  
 45 

 Schedule 6.5.9 

Welfare and Other Non-Pension Fringe Benefits 

 

	1.	Health 

  

	 	a.	Medical 

  

	 	b.	Prescription drug 

  

	 	c.	Dental 

  

	 	d.	Vision 

  

	 	e.	Flexible Spending Accounts (Health and Dependent Care) 

  

	2.	Welfare 

  

	 	a.	Life and AD&D Insurance 

  

	 	b.	Short Term Disability 

  

	 	c.	Long Term Disability 

  

	 	d.	Employee Assistance Program 

  

	3.	Other 

  

	 	a.	401(k) 

  

	 	b.	Vacation 

  
 46 

 Schedule 6.6.3.2 

Non-Assignable IP 
  

	1.	Manufacturing Applications 

  

									
	 App ID #
	  	 Application Name
	    	 Application Description
	    	 Functional Area
	    	 License
Type

	RS&C-844	  	Active Directory Web Service	    	Shared Web Service For Accessing User Data from the Active Directory	    	Controls functional security within all R&S Comm applications	    	Custom App
					
	RS&C-860	  	Email Web Service	    	Email service that is integrated into all manufacturing applications that require programmatic email generation	    	Email service that is integrated into all manufacturing applications that require programmatic email generation	    	Custom App
					
	RS&C-866	  	Laboratory Quality Control	    	Application used to report and monitor daily activity within the laboratory environment	    	Application used to report and monitor daily activity within the laboratory environment	    	Custom App
					
	RS&C-867	  	Laboratory Shift Reports	    	Electronic distribution of laboratory quality result during any given shift	    	Electronic distribution of laboratory quality result during any given shift	    	Custom App
					
	RS&C-871	  	Lims Lab Request	    	Application used to submit request to the laboratory supervisor	    	Application used to submit request to the laboratory supervisor	    	Custom App
					
	RS&C-872	  	Lims Portal	    	Application used to interface with third party purchased LIMS database data	    	Application used to interface with third party purchased LIMS database data	    	Custom App
					
	RS&C-876	  	Shift reporting	    	Shift report production numbers	    	Reports shift production numbers	    	Custom App
					
	RS&C-882	  	 Pi Digital

Management
 Control (DMC)
	    	Provides process engineers with the aplity to produce custom Pi tag reports used in facility management.	    	Reports status of DMC controllers at the refineries	    	Custom App
					
	RS&C-887	  	Quality DB	    	DB used to monitor quality issues within the laboratory environment	    	DB used to monitor quality issues within the laboratory environment	    	Custom App
					
	RS&C-513	  	AES - Aspen Batch SEP 2006	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-514	  	 AES - Aspen
 Custom Modeler
2006
	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-515	  	AES - Aspen Dynamics 2006	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-516	  	 AES - Aspen
 HTFS+
2006
	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-517	  	 AES - Aspen HX-
 Net
2006
	    	Process Modeling Tool	    	Process Engineering	    	Token

  
 47 

 Schedule 6.6.3.2 

Non-Assignable IP 
  

									
	 App ID #
	  	 Application Name
	    	 Application Description
	    	 Functional Area
	    	 License
Type

	RS&C-518	  	AES - Aspen Hydrocracker 2006	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-519	  	AES - Aspen Hysys 2006	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-520	  	AES - Aspen Plus 2006	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-522	  	AES - Aspen Simulation Workbook 2006	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-523	  	AES- Aspen Sunoco Hydrocracker Model	    	Process Modeling Tool	    	Process Engineering	    	Token
					
	RS&C-534	  	AMS - Aspen Calc	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-536	  	AMS - Aspen IQ Desktop	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-537	  	AMS - Aspen Watch Inspector	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-538	  	AMS - Aspen Watch Process Explorer	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-539	  	AMS - Production Control Web Services	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-540	  	AMS Core	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-545	  	Aspen DMCPlus Desktop	    	Advanced process control offline modeling/design tool	    	Advanced Process Control	    	Token
					
	RS&C-546	  	Aspen Graphic Console System	    	Advanced process control offline modeling/design tool	    	Advanced Process Control	    	Token
					
	RS&C-547	  	Aspen PIMS 2006	    	Crude Optimization Tool	    	Planning & Scheduling	    	Token
					
	RS&C-548	  	Aspen Report Writer	    	Report writer (works with PIMS)	    	Planning & Scheduling	    	Token
					
	RS&C-552	  	AspenOne - AES -Aspen RefSYS	    	Advanced process control desktop tool	    	Advanced Process Control	    	Token
					
	RS&C-553	  	AspenOne - Aspen Icarus-Kbase 2006.5	    	Capital project equipment / unit construction estimating tool	    	Process Engineering	    	Token
					
	RS&C-554	  	AspenOne SLM Tools	    	License Key Driver	    	Systems Tool	    	Token
					
	RS&C-558	  	AutoCAD	    	Computer Aided Design Tool	    	Design & Drafting	    	Concurrent

  
 48 

 Schedule 6.6.3.2 

Non-Assignable IP 
  

									
	 App ID #
	  	 Application Name
	    	 Application Description
	    	 Functional Area
	    	 License
Type

	RS&C-563	  	Autodesk Raster Design	    	Raster-Vector hybrid drawing management plug in for AutoCAD	    	Design & Drafting	    	Concurrent
					
	RS&C-566	  	Berwanger PPM PPDS	    	Relief valve sizing tool & management database	    	Process Engineering	    	Unlimited
					
	RS&C-576	  	Caesar II	    	Piping network stress calculation tool	    	Process Engineering	    	Concurrent
					
	RS&C-600	  	DNV Software PHAST	    	Release dispersion modeling tool	    	HES&S	    	Seat
					
	RS&C-645	  	H-CAMS	    	Crude Optimization Tool	    	Planning & Scheduling	    	Concurrent
					
	RS&C-662	  	Imagenation	    	Engineering drawing viewer & markup tool	    	Systems Tool	    	Concurrent
					
	RS&C-664	  	Industry Standards (I.H.S.)	    	Industry Standard subscription service	    	Process Engineering	    	Unlimited
					
	RS&C-681	  	MobiControl	    	Mobile device management and inventory software. Used for Marlin, LeakDAS, Tiscor and other windows mobile devices.	    	Systems Tool	    	Seat
					
	RS&C-712	  	PV-Elite	    	Vessel nozzel stress calculator	    	Process Engineering	    	Concurrent
					
	RS&C-737	  	SKF Machine Suite	    	Operator Driven Reliability tool. Works with the Marlin handheld for equipment monitoring and operator inspections.	    	Operator Excellence	    	Seat
					
	RS&C-758	  	VCEDamage	    	Damage assessment tool	    	Mechanical Integrity	    	Unlimited
					
	RS&C-759	  	VCESage	    	Corrosion analysis tool	    	Mechanical Integrity	    	Unlimited
					
	RS&C-761	  	VIM CEMLINK5 Client	    	Continuous emissions monitoring gateway	    	HES&S	    	Seat
					
	RS&C-767	  	Welding Pro Write	    	Welder certification tracking database	    	Mechanical Integrity	    	Unlimited
					
	RS&C-803	  	Labatory Quality Control	    	Quality control system for Labatory	    	Lab information management	    	Custom App
					
	RS&C-804	  	Laboratory Shift Reports	    	Shift Reporting System for LABs	    	Lab information management	    	Custom App
					
	RS&C-805	  	LIMS Fax	    	LIMS CofA Faxing	    	Lab information management	    	Custom App
					
	RS&C-806	  	Lims Portal	    	AD-HOC Query Tool for Reporting LAB Data from the LIMS System	    	Lab information management	    	Custom App
					
	RS&C-807	  	Lims Web Services	    	Shared Web Service for accessing LIMS Data	    	Lab information management	    	Custom App

  
 49 

 Schedule 6.6.3.2 

Non-Assignable IP 
  

									
	 App ID #
	  	 Application Name
	    	 Application Description
	    	 Functional Area
	    	 License
Type

	RS&C-808	  	LimsBrowser	    	Adhoc query tool to access LIMS data - used by operators, engineers, and others outside the lab	    	Lab information management	    	Custom App
					
	RS&C-813	  	R&S Electronic Permit System	    	EPS for all of R&S	    	Maintenance & Safety	    	Custom App
					
	RS&C-814	  	Calc Browse Web Service	    	Web Service for accessing calculations used in Plant Historian Calculation Engine	    	Operational Data	    	Custom App
					
	RS&C-815	  	77 Various PI Interfaces	    	Interfaces to PI System	    	Operational Data	    	Custom App
					
	RS&C-820	  	Pi Area Log Service	    	Manual Entry system for writing values to Pi Historian	    	Operational Data	    	Custom App
					
	RS&C-821	  	Pi Calc Browser	    	Portal for viewing Calculations and Data From Pi	    	Operational Data	    	Custom App
					
	RS&C-823	  	Pi Dynamic Matrix Control (DMC)	    	Portal for creating DMC Screens for PI Control Systems	    	Operational Data	    	Custom App
					
	RS&C-824	  	Pi Graphic Portal	    	Portal for viewing realtime plant data from PI	    	Operational Data	    	Custom App
					
	RS&C-826	  	Process Book Web Services	    	Shared Web Service for handling process book real time graphics	    	Operational Data	    	Custom App
					
	RS&C-833	  	NWA Quality Analyst LANpa	    	Statistical SQC package used by LIMS and lab	    	Trending / Reporting	    	Seat
					
	RS&C-834	  	NWA Quality Analyst Web	    	Statistical SQC package used by LIMS and lab	    	Trending / Reporting	    	Seat
					
	RS&C-838	  	Advisor	    	Aspentech Yield Accounting System	    	Yield Accounting	    	Token
					
	RS&C-839	  	Advisor Oil Movement (extract)	    	Reporting System for Oil Movements	    	Yield Accounting	    	Token
					
	RS&C-840	  	Aspen Process Data	    	Prerequisite for Advisor	    	Yield Accounting	    	Token
					
	RS&C-780	  	HCAMS	    	Crude Assay Data used in PIMS and SCOPES	    	Optimization	    	Unlimited
					
	RS&C-784	  	PIMS	    	Refinery Optimization (LP) Software	    	Refinery Optimization	    	Token
					
	RS&C-898	  	eMOC.net	    	Electronic Management of Change	    	OSHA/OEMS Mandated application used to track Process/Design changes	    	Custom App

  
 50 

 Schedule 6.6.3.2 

Non-Assignable IP 
  

									
	 App ID #
	  	 Application Name
	    	 Application Description
	    	 Functional Area
	    	 License
Type

	RS&C-899	  	EMPAC Crystal Report Viewer	    	Asset Management Reporting System	    	Dot Net App used as a portal to run Empac Crystal Reports	    	Custom App
					
	RS&C-901	  	PHA Works	    	Process Hazard Analysis Software	    	HES Studies	    	Seat
					
	RS&C-908	  	Immpower SP	    	Turnaround Projects Planning and Scheduling Tool	    	Turnaround Planning, Scheduling, Execution	    	Seat
					
	RS&C-909	  	SEHIT (Sun Equipment Work History)	    	Rotating Equipment Work History	    	Rotating, Fixed, and E&I Equipment Tracking	    	Custom App
					
	RS&C-920	  	Primavera Project Planner	    	Capital Projects Planning and Scheduling Tool	    	Capital Portfolio Management	    	Seat
					
	RS&C-923	  	Contractor Tank Database System -CTDMS	    	Tank Inspection System for Contractor Owned Tanks	    	Contractor Tank Inspection Management	    	Custom App
					
	RS&C-925	  	Tank Database Management System - TDMS	    	Tank Inspection System for Sunoco Owned Tanks	    	Sunoco Owned Tank Inspection Management	    	Custom App
					
	RS&C-926	  	Lost Profit Opportunity Database	    	Reporting lost profit opportunities and calculating financial impact	    	Report Production Incidents where Profit Opportunity was lost	    	Custom App
					
	RS&C-927	  	CostCap	    	Project Cost Control Warehouse and Webfocus Reporting	    	Capital Project Cost Controls, Turnaround Maintenance	    	Custom App

  

	2.	Infrastructure 

  

					
	 Application
Name
	  	 Comment
	  	 Location of Server

	Easylink Fax Service	  	Enterprise wide electronic fax service	  	Multiple

  
 51 

 Schedule 6.7.1 

Credit Support Arrangements 
  

 [REDACTED] 

  
 52 

 Schedule 6.12 

Pipelines 
  

	 	1.	SXL is evaluating alternative options for some of its pipeline system for alternative service. Specific segments include the Toledo to Allegheny line and the Toledo to
Sarnia line. This potential alternative service is not expected to occur until 2012 or into 2013. Two lines from Toledo to Inkster would remain in product service. Alternative distribution options to these potential changes include the Buckeye
system and the Inland pipeline system. 

  

	 	2.	Third Party or SXL common carrier pipelines are set forth below. 

 Crude:  
 Canada – 

Peace Pipeline Limited 
 Pembina Pipeline –
Drayton and Alberta Oil Sands Pipeline 
 Rainbow Pipeline Limited 
 Enbridge Pipeline – Mainline 
 Husky Mainline 

Suncor Mainline 
 United States –

 Belle Fourche Pipeline 
 Capline
Pipeline 
 Enbridge Pipeline (North Dakota) LLC 
 Enbridge Pipeline (Ozark) LLC 
 Enbridge Energy, Limited Partnership (Lakehead) 

Enbridge Merchant Pipeline (Cushing) 
 Enterprise
Product Partners LP (Midland and Cushing) 
 Marathon Pipeline LLC (WoodPat and Eastern Trunk) 

MidValley Pipeline 
 Mesa Pipeline 

Plains All American Pipeline LP (Basin and Cushing) 
 Sunoco Logistics Partners LP (Marysville, Maumee, LEF, Millenium, Nederland Terminal) 
 West Texas
Gulf Pipeline Co. 
 Products: 
 Primary – 
 Sunoco Pipeline L.P. 

Line Segment: 

Toledo to Allegheny 
 Toledo Transfer - 12” 

  
 53 

 Schedule 6.12 

Pipelines 
  

 Toledo Transfer - 8” 

Toledo to Sarnia 

Toledo to River Rouge 
 Toledo to Inkster (DSPL) 
 Fostoria to Inland 

Hudson to Akron 

Boardman to Youngstown 

Products (cont’d) – 
 Inland Corporation 
 Line Segments: 

Bradley Road to Cleveland 
 Fostoria to Dayton 
 Fostoria to Columbus 

Toledo to Dayton 

Toledo to Columbus 
 Buckeye
Pipe Line Company, L.P. 
 Line 316 - Toledo to Cleveland / Bradley Road 

Line 301 - Toledo Southbound to Cygnet Junction; Cygnet to Coraopolis/Pittsburgh Line Segment also feeds Aurora, Brecksville areas

 Line 302 - Toledo Southbound to Lima; Lima is the junction point for deliveries to Columbus, OH (line 401), Huntington (line
402) & Indianapolis, IN (line 402 to 403) 
 Line 303 - Toledo Northbound into Michigan; Line feed through the
Detroit/Wayne Junction area; Wayne Junction feeds Line 203 that delivers to Novi (spur 206), Flint (line 203), Owosso (spur 207), Bay City (spur 208) 
 Line 304 - Toledo Northbound to Detroit area; line feeds through Wayne Junction to Detroit, Dearborn and Woodhaven areas 
 Origin: Chicago Area 
 Line 01 - E. Chicago or E. Hammond to Lima; Once product is
in Lima Buckeye has the option to move to the aforementioned locations via Lima outbound lines 
 Origin: Lima 

Line 401 - to the Columbus area 
 Line 411 - northbound to the Toledo York Street Station (this will then follow the Toledo 303 delivery patterns) 
 Line 413 - northbound to the Toledo York Street Station (this will then follow the Toledo 304 delivery patterns) 

  
 54 

 Schedule 6.12 

Pipelines 
  

 Line 406 - northbound to Cygnet for delivery into Line 415 for shipments to Brecksville,
Aurora or Coraopolis/Pittsburgh areas. 
 Origin: Woodhaven 

Line 201 - outbound to Wayne Junction for delivery Line 203 - to Novi (spur 206), Flint (line 203), Owosso (spur 207), Bay City (spur 208)

 Origin: Joan Junction 
 Line 205 - outbound to Wayne Junction from SPL’s Inkster Station for delivery Line 203 - to Novi (spur 206), Flint (line 203), Owosso (spur 207), Bay City (spur 208) 

Norco PL System: 

Currently a West to East system that terminates in Bryant, OH. 
 Secondary – 
 Enterprise TE Products Pipeline Company LLC - Texas to Midwest and
Northeast U.S. 
 Explorer Pipeline Company - Gulf Coast to Chicago/Hammond 
 Wolverine Pipe Line Company - Chicago to Detroit 

  
 55 

 Schedule 7.1.6 

Conditions to the Obligations of Buyer; Consents 

 

	1.	Consent to the assignment of that certain Agreement for Wastewater Treatment Plant Acquisition, Ownership, Operation and Maintenance dated as of June 30,1998 and
all agreements related thereto by Two LLC and Indenture Trustee (as defined in such Agreement). 

  

	2.	Receipt of any material Licenses and Permits, including material Environmental Permits, if the absence of such receipt by Buyer at Closing is a knowing or willful
violation of Law. 

  
 56 

 Schedule 7.2.6 

Conditions to the Obligations of Seller; Consents 
 None. 

  
 57

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]