Document:

Exhibit 10.1

 Exhibit 10.1 
 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 PURCHASE AGREEMENT 
 among 
 THE PREMCOR REFINING GROUP INC., 

THE PREMCOR PIPELINE CO., 
 DELAWARE CITY REFINING COMPANY LLC 
 and 

DELAWARE PIPELINE COMPANY LLC 
 dated 
 April 7, 2010 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS AND CONSTRUCTION
	  	 	2	  
	 Section 1.1
	  	Definitions	  	 	2	  
	 Section 1.2
	  	Construction	  	 	12	  
	 Section 1.3
	  	Relationship between Premcor Refining and Premcor Pipeline	  	 	12	  
	 Section 1.4
	  	Relationship between PBF and PBF Pipeline	  	 	12	  
		
	 ARTICLE II. PURCHASE AND SALE; CLOSING
	  	 	13	  
	 Section 2.1
	  	Sale of Assets	  	 	13	  
	 Section 2.2
	  	Excluded Assets	  	 	13	  
	 Section 2.3
	  	Purchase Price	  	 	15	  
	 Section 2.4
	  	Closing	  	 	15	  
	 Section 2.5
	  	Deliveries at the Closing	  	 	15	  
	 Section 2.6
	  	Assumed Obligations	  	 	17	  
	 Section 2.7
	  	Liabilities to be Retained by Seller	  	 	17	  
		
	 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF SELLERS
	  	 	18	  
	 Section 3.1
	  	Organization and Qualification	  	 	18	  
	 Section 3.2
	  	Due Authority	  	 	18	  
	 Section 3.3
	  	Conflicts and Approvals	  	 	19	  
	 Section 3.4
	  	Real Property and Tangible Personal Property	  	 	19	  
	 Section 3.5
	  	Material Contracts	  	 	20	  
	 Section 3.6
	  	Authorizations	  	 	21	  
	 Section 3.7
	  	Compliance with Laws	  	 	21	  
	 Section 3.8
	  	Litigation	  	 	22	  
	 Section 3.9
	  	Insurance	  	 	22	  
	 Section 3.10
	  	Employee Matters	  	 	22	  
	 Section 3.11
	  	Seller Plans	  	 	22	  
	 Section 3.12
	  	Labor Matters	  	 	22	  
	 Section 3.13
	  	Intellectual Property	  	 	23	  
	 Section 3.14
	  	No Brokers	  	 	23	  
	 Section 3.15
	  	No Knowledge of Breach	  	 	23	  
		
	 ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF BUYERS
	  	 	23	  
	 Section 4.1
	  	Organization and Qualification	  	 	23	  
	 Section 4.2
	  	Due Authority	  	 	24	  
	 Section 4.3
	  	Conflicts and Approvals	  	 	24	  
	 Section 4.4
	  	Litigation	  	 	24	  
	 Section 4.5
	  	No Brokers	  	 	24	  
	 Section 4.6
	  	Available Funds	  	 	25	  
	 Section 4.7
	  	No Knowledge of Breach	  	 	25	  

  
 iv 

 TABLE OF CONTENTS 
  

							
	 	  	Page	 
		
	 ARTICLE V. PRE-CLOSING COVENANTS
	  	 	25	  
	 Section 5.1
	  	Operation of Business	  	 	25	  
	 Section 5.2
	  	Appropriate Action; Consents; Filings	  	 	26	  
	 Section 5.3
	  	Breach Notice	  	 	28	  
	 Section 5.4
	  	Right of Entry	  	 	28	  
	 Section 5.5
	  	Condition of the Assets	  	 	29	  
	 Section 5.6
	  	Independent Investigation	  	 	30	  
	 Section 5.7
	  	Supplement to Disclosure Schedules	  	 	31	  
	 Section 5.8
	  	Refinery Electricity	  	 	32	  
	 Section 5.9
	  	Pipeline Linefill	  	 	34	  
	 Section 5.10
	  	Certain Equipment on Order	  	 	34	  
		
	 ARTICLE VI. TITLE MATTERS
	  	 	35	  
	 Section 6.1
	  	Title Commitment	  	 	35	  
	 Section 6.2
	  	Cost of Title Policy	  	 	35	  
	 Section 6.3
	  	Survey	  	 	35	  
		
	 ARTICLE VII. EMPLOYEE MATTERS
	  	 	36	  
	 Section 7.1
	  	Employee Matters	  	 	36	  
	 Section 7.3
	  	No Third Party Beneficiaries	  	 	36	  
		
	 ARTICLE VIII. POST CLOSING COVENANTS
	  	 	36	  
	 Section 8.1
	  	Insurance	  	 	36	  
	 Section 8.2
	  	Contractual Payments and Collections; Prorations; Taxes	  	 	37	  
	 Section 8.3
	  	Third Party Consents Not Obtained At or Before Closing	  	 	40	  
	 Section 8.4
	  	Multi-Site Contracts	  	 	41	  
	 Section 8.5
	  	Owned and Leased Vehicles	  	 	42	  
	 Section 8.6
	  	Motiva Obligations	  	 	42	  
	 Section 8.7
	  	Foreign Trade Zone	  	 	42	  
	 Section 8.8
	  	Hydrocarbon Inventory	  	 	43	  
	 Section 8.9
	  	Retained Parts and Spares	  	 	43	  
	 Section 8.10
	  	Intellectual Property	  	 	43	  
	 Section 8.11
	  	Further Assurances	  	 	46	  
		
	 ARTICLE IX. CLOSING CONDITIONS
	  	 	46	  
	 Section 9.1
	  	Conditions to Obligations of Each Party Under this Agreement	  	 	46	  
	 Section 9.2
	  	Additional Conditions to Seller’s Obligations	  	 	47	  
	 Section 9.3
	  	Additional Conditions to Buyer’s Obligations	  	 	47	  
		
	 ARTICLE X. CASUALTY OR CONDEMNATION
	  	 	48	  
	 Section 10.1
	  	Notice	  	 	48	  
	 Section 10.2
	  	Repair or Replacement	  	 	48	  
	 Section 10.3
	  	Condemnation Awards	  	 	49	  

  
 v 

 TABLE OF CONTENTS 
  

							
	 	  	Page	 
			
	 Section 10.4
	  	Purchase Price Adjustment	  	 	49	  
	 Section 10.5
	  	Deferral of Closing Date and Termination Date	  	 	50	  
		
	 ARTICLE XI. TERMINATION
	  	 	50	  
	 Section 11.1
	  	Termination	  	 	50	  
	 Section 11.2
	  	Effect of Termination	  	 	50	  
		
	 ARTICLE XII. INDEMNICATION AND REMEDIES
	  	 	51	  
	 Section 12.1
	  	Survival	  	 	51	  
	 Section 12.2
	  	Indemnification Provisions for Benefit of Buyer	  	 	51	  
	 Section 12.3
	  	Indemnification Provisions for Benefit of Sellers	  	 	52	  
	 Section 12.4
	  	Indemnification Procedures; Matters Involving Third Parties	  	 	53	  
	 Section 12.5
	  	Determination of Losses	  	 	54	  
	 Section 12.6
	  	Limitations on Liability	  	 	55	  
	 Section 12.7
	  	Governing Law	  	 	55	  
	 Section 12.8
	  	Jurisdiction; Consent to Service of Process; Waiver	  	 	55	  
	 Section 12.9
	  	Dispute Resolution	  	 	56	  
	 Section 12.10
	  	Availability of Equitable Relief	  	 	56	  
		
	 ARTICLE XIII. MISCELLANEOUS
	  	 	56	  
	 Section 13.1
	  	Amendment	  	 	56	  
	 Section 13.2
	  	Notices	  	 	56	  
	 Section 13.3
	  	Public Announcements	  	 	57	  
	 Section 13.4
	  	Expenses	  	 	57	  
	 Section 13.5
	  	Headings	  	 	57	  
	 Section 13.6
	  	Severability	  	 	57	  
	 Section 13.7
	  	Assignment	  	 	57	  
	 Section 13.8
	  	Parties in Interest	  	 	58	  
	 Section 13.9
	  	Failure or Indulgence Not Waiver	  	 	58	  
	 Section 13.10
	  	Disclosure Schedules	  	 	58	  
	 Section 13.11
	  	Time of the Essence	  	 	58	  
	 Section 13.12
	  	Counterparts	  	 	58	  
	 Section 13.13
	  	Entire Agreement	  	 	58	  

 EXHIBITS 
  

			
	 Exhibit A
	  	Assignment of Contracts
	 Exhibit B-1
	  	Buyer Guaranty
	 Exhibit B-2
	  	Seller Guaranty
	 Exhibit C
	  	Dispute Resolution Procedures
	 Exhibit D
	  	Environmental Agreement
	 Exhibit E
	  	Knowledge Individuals

  
 vi 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	Exhibit F	  	Transition Services Agreement	  	
	Exhibit G	  	Deeds	  	
	Exhibit H	  	Bill of Sale	  	
	Exhibit I	  	Assignment of Rights of Way	  	
	Exhibit J	  	Terminalling Agreement	  	
	Exhibit K	  	Special Provisions Regarding Hydrocarbon Inventory in Certain Tanks	  	
	Exhibit L	  	Certain DNREC Orders Subject to Closing Condition	  	
	Exhibit M	  	Certain DNREC Permit Conditions Subject to Closing Conditions	  	

  
 vii

 ASSET PURCHASE AGREEMENT 

THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of April 7, 2010 (the “Execution
Date”) by and among THE PREMCOR REFINING GROUP INC., a Delaware corporation (“Premcor Refining”). THE PREMCOR PIPELINE CO., a Delaware corporation (“Premcor Pipeline”). DELAWARE CITY
REFINING COMPANY LLC, a Delaware limited liability company (“Delaware City Refining”), and DELAWARE PIPELINE COMPANY LLC a Delaware limited liability company (“Delaware Pipeline”). Premcor Refining and
Premcor Pipeline are sometimes herein referred to individually as a “Seller” and collectively as the “Sellers”. Delaware City Refining and Delaware Pipeline are sometimes herein referred to individually as a
“Buyer” and collectively as the “Buyers”. 
 RECITALS 

A. Premcor Refining and Premcor Pipeline are both indirect wholly owned subsidiaries of Valero Energy Corporation, a Delaware corporation
(“Valero”) 
 B. Premcor Refining owns a petroleum refinery in Delaware City, Delaware. Premcor Refining
permanently ceased refining operations in Delaware City on November 20, 2009 and shut down all of the refinery process units and numerous other related assets (such assets, together with certain shut-down gasification and power generating
assets, are more particularly defined elsewhere in this Agreement as the “Refining Assets,” and cessation of refining operations and shut down of the Refining Assets is sometimes herein referred to as the
“Shutdown”). Subsequent to the Shutdown, Premcor Refining has continued to operate certain logistics assets at the site, including the docks, tank farm and truck rack, as well as the wastewater treatment plant (such assets which
Premcor Refining continues to operate are more particularly defined elsewhere in this Agreement as the “Terminal Assets”). 
 C. Premcor Pipeline owns a 16” nominal diameter pipeline, which is approximately 23.4 miles in length, and which runs between the Delaware City refinery and SUNOCO’s Twin Oaks Station in
Delaware County, Pennsylvania (the “Pipeline”). 
 D. Sellers desire to sell, transfer and convey the Assets
(as defined below) to Buyers, and Buyers desire to purchase the Assets from Sellers, upon the terms and subject to the conditions set forth below. 
 E. In order to induce Buyers and Sellers to enter into and consummate the transactions contemplated by this Agreement, Buyer Guarantor and Seller Guarantor have executed and delivered the Buyer Guaranty
and the Seller Guaranty, respectively, on the Execution Date. 

  
 1 

 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 CONSTRUCTION 
 Section 1.1 Definitions. As used in this Agreement (including in the Recitals), the following terms shall have the following meanings: 

“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” has the meaning given such term in Section 2.1. 
 “Assigned Contracts” means all Contracts (including the Material Contracts) of Sellers that are exclusively used in the day-to-day maintenance and operation of the Assets and the conduct
of the Business as of the Execution Date, excluding (i) the Excluded Contracts, and (ii) the Collective Bargaining Agreements and all other agreements between Sellers and the Union. 

“Assignment of Contracts” shall mean an assignment and assumption of contracts covering Assigned Contracts in the form
attached hereto as Exhibit A. 
 “Assignment of Rights of Way” means the Assignment and Bill of Sale of
Rights of Way, Easements, Licenses, Permits and Other Pipeline Interests in the form attached hereto as Exhibit I. 

“Assumed Obligations” has the meaning given such term in Section 2.6. 

“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 material contract with any such Governmental Authority. 

“Bill of Sale” means a Bill of Sale in the form attached hereto as Exhibit H. 

“Books and Records” means all books and records of Sellers which are or were exclusively used by or for the Refinery or
the Pipeline and are related to the Business or Assets up to the Closing Date including: (i) all design manuals, operation and safety manuals, blueprints, engineering studies and engineering reports; system engineering and design information;
and all associated data files and data bases to the extent such systems exist exclusively for the operation of the Assets and can be delivered by Sellers to Buyers; and (ii) Sellers’ operational and technical records relating exclusively
to the Assets prior to the Closing 

  
 2 

 
Date. For the avoidance of doubt, Books and Records specifically excludes (w) all records, documents, plans, strategies and financial records related to the transactions contemplated by this
Agreement; (x) any records, documents, plans, strategies, process management procedures and procedures and financial records which pertain to other refineries, pipelines, terminals and facilities owned by Sellers or their Affiliates,
(y) employee personnel and medical records (other than any training records that Sellers can share without violating privacy or other Law for those Employees and Former Employees that are hired by Buyers within one year after the Closing Date,
upon written request from Buyers for such training records), and (z) any of Sellers’ minute books and records, Tax Returns or other materials which do not relate exclusively to the Assets or the Business conducted by Sellers utilizing the
Assets or any part thereof. 
 “Breach Notice” has the meaning given such term in Section 5.3.

 “Business” means, as context requires, either (i) the business as conducted by Sellers prior to the
Shutdown, utilizing the Assets in the ownership and operation of the Refinery and the Pipeline, and/or (ii) the logistics activities conducted by Sellers after the Shutdown, utilizing the Terminal Assets and/or the Pipeline. 

“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” and “Buyers” have the meanings given such terms
in the preamble of this Agreement. 
 “Buyer Guarantor” means PBF Energy Partners LP, a Delaware limited
partnership. 
 “Buyer Guaranty” means the guaranty agreement that has been issued by the Buyer Guarantor and
delivered to Sellers on the Execution Date, a copy of which is attached hereto as Exhibit B-1. 
 “Buyer
Indemnitees” means Buyers, their Affiliates and their respective officers, directors, employees, partners, agents, representatives, and their successors and permitted assigns. 

“Buyer Third Person Consent” means any Third Person Consent required under (i) any organizational document of
Buyers, or (ii) any material contract to which Buyers are a party or by which they or their assets are bound. 

“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. 
 “Closing” and “Closing Date” have the
meanings given such terms in Section 2.4. 
 “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. 

  
 3 

 “Collective Bargaining Agreements” has the meaning given such term in
Section 3.12. 
 “Confidentiality Agreement” means the Confidentiality Agreement, dated as of
August 14, 2009, by and between Valero Energy Corporation and PBF Investments, LLC. 
 “Contract(s)” means
any written, oral, implied or other promise, agreement, contract, understanding, arrangement, license instrument, note, guaranty, indemnity, representation, warranty, assignment, power of attorney, certificate, purchase order, work order,
commitment, covenant, assurance or undertaking of any nature, including all amendments, modifications and supplements thereto, but excluding the Rights of Way, the Permits, Authorizations, this Agreement and any agreements to be entered into
pursuant to this Agreement. 
 “Customs” has the meaning given such term in Section 8.7.

 “Deeds” has the meaning given such term in Section 2.5(b). 

“Diligence Representative” has the meaning given such term in Section 5.4(a). 

“Disclosure Schedules” means the disclosure schedules delivered by Sellers to Buyers or Buyers to Sellers, 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 C. 
 “Dollars” and the symbol “$” mean the lawful currency of the United States of America. 
 “Employees” means the employees employed by VSI or its Affiliates in connection with the Business as of the Execution Date. 

“Environmental Agreement” means the Environmental Agreement entered into by and between Buyers and Sellers as of the
Execution Date, a copy of which is attached hereto as Exhibit D. 
 “Environmental Law” has the meaning
given such term in the Environmental Agreement. 
 “Environmental Liabilities” has the meaning given such term
in the Environmental Agreement. 
 “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 Sellers as defined in Section 414(b), (c), (m) or (o) of the Code, or under
“common control” with the Seller, within the meaning of Section 4001(b)(1) of ERISA. 
 “Excluded
Assets” has the meaning given such term in Section 2.2. 
 “Excluded Contract” has the
meaning given such term in Section 3.5(b). 

  
 4 

 “Execution Date” has the meaning given such term in the preamble of this
Agreement. 
 “Former Employees” means employees employed by VSI or its Affiliates in connection with the
Business at any time during the one year period prior to the Execution Date, other than Employees. 
 “FTZ” has
the meaning given such term in Section 8.7. 
 “FTZ Board” has the meaning given such term
Section 8.7. 
 “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 or within the Refinery Land, areas within any pipeline easements appurtenant to the Refinery Land, areas on, within or under Real Property Leases, or the land covered by
the Rights of Way. 
 “Indemnification Deductible” means $1,000,000. 

“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 3.13. 

“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. 

“Knowledge” and “Known” mean, in the case of Seller, the actual knowledge of the individuals listed in
Part I of Exhibit E, in their capacities as employees of Sellers or any of their Affiliates, without independent investigation or inquiry and, in the case of Buyers, the actual knowledge of the individuals listed in Part II of Exhibit
E, in their capacities as employees of Buyers or any of their 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,

  
 5 

 
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 8.5. 

“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. 

“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, 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 a material adverse effect on the Assets
taken as a whole; 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 Sellers operate, (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 Assets as compared to the effect oh the assets of other participants in the industry. 

“Material Contract” has the meaning given such term in Section 3.5(a). 

“Motiva Agreement” means that certain Asset Purchase Agreement dated March 30, 2004 by and between Motiva
Enterprises LLC and Premcor Refining as amended by First Amendment to Asset Purchase Agreement dated April 30, 2004. 

“Multi-Site Contract” has the meaning given such term in Section 8.4. 

“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, and whether contractual, statutory or otherwise. 

  
 6 

 “Other Agreements” means the Terminalling Agreement, the Environmental
Agreement, and the Transition Services Agreement. 
 “Owned Vehicles” has the meaning given such term in
Section 8.5. 
 “Pension Plans” has the meaning given such term in the definition of Seller Plan.

 “Permits” means all consents, permits, licenses, 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 Assets, but excluding the Rights of Way. 
 “Permitted Lien” means: 
 (i) Liens set forth in
Section 1.1(d) of the Disclosure Schedules; 
 (ii) Liens imposed by Law and incidental to the construction,
maintenance, development or operation of the Business 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; 

(iii) 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 by Seller; 
 (iv) 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) contained in any Real Property Lease, or (iii) that do not materially interfere with, materially impair or materially impede the operation, value or use of the Assets affected thereby; 

(v) pre-printed standard exceptions in the Title Policy; 
 (vi) 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 and which are transferred to Buyers hereunder or
are otherwise the responsibility of Buyers hereunder after Closing; 
 (vii) any Liens consisting of (A) statutory
landlord’s liens under leases to which either 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) rights reserved to or vested in any Governmental
Authority by Law to control or regulate any property of Sellers, 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 by Sellers, (C) obligations or
duties to any Governmental Authority with respect to any franchise, grant, license, lease or permit and the rights reserved or vested in 

  
 7 

 
any Governmental Authority to terminate any such franchise, grant, license, lease or permit or to condemn or expropriate any property, or (D) zoning or other land use or Environmental Laws
and ordinances 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 by Sellers; 

(viii) 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; 
 (ix) mechanic’s and materialmen’s Liens and similar charges filed of record but (A) are being contested in good faith, (B) for which either Seller 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, provided that the underlying Claim or Obligation forming the basis for any such Lien or charge is a Retained
Liability; 
 (x) Liens that will be paid in full or released on or prior to the Closing Date; 

(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 Sellers or as conducted immediately prior to the Shutdown; and 
 (xii) Liens caused or created by Buyers or any Affiliates or Diligence Representatives of Buyers. 
 “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. 
 “Pipeline” has the meaning given such term in the recitals of
this Agreement. 
 “Post-Closing Tax Period” has the meaning given such term in Section 8.2(f).

 “Pre-Closing Tax Period” has the meaning given such term in Section 8.2(f). 

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

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

“Purchase Price” has the meaning given such term in Section 2.3. 

“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. 

  
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 “Real Property Leases” shall mean the rights and incidents of interests of
Sellers in and to all real property leased by Sellers and comprising any portion of the Refinery, together with all of Sellers’s right, title and interest in the leasehold estate described in the leases covering such real property. 

“Refinery” means Seller’s former petroleum refinery located in Delaware City, Delaware, including the Refining
Assets and the Terminal Assets, but excluding any Excluded Assets. 
 “Refinery Land” means the tracts or
parcels of land, and interests in land, owned or leased by Premcor Refining and on which the Refinery is located, as described in Section 1.1(a) of the Disclosure Schedules. 

“Refining Assets” means the process units, refinery buildings, electric generating equipment and facilities,
gasification equipment and facilities, assets under construction, spare parts and supplies, and other equipment and facilities located at the Refinery and described in Section 1.1(b) of the Disclosure Schedules. 

“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” means an Employee represented by the Union. 

“Retained Liabilities” has the meaning given such term in Section 2.7. 

“Retained Litigation” has the meaning given such term in Section 2.7(c). 

“Retained Product Inventory” means the refined petroleum products that Premcor. retains title to at Closing and
thereafter stores in the Refinery tankage pursuant to the Terminalling Agreement. 
 “Rights of Way” means all
leases, 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) pursuant to
which Premcor Pipeline has the right to use the real property on which the Pipeline is located, including those listed in Section 2.1(c) of the Disclosure Schedules. 

“Seller” and “Sellers” have the meanings given such terms in the preamble of this Agreement.

 “Seller Captive Insurers” has the meaning given such term in Section 8.1(a). 

“Seller Guarantor” means Valero Energy Corporation, a corporation organized under the laws of Delaware. 

  
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 “Seller Guaranty” means the guaranty agreement issued by the Seller
Guarantor and delivered to Buyers on the Execution Date, a copy of which is attached hereto as Exhibit B-2. 

“Seller Indemnitees” means Sellers, their Affiliates and their respective officers, directors, partners, employees,
agents, representatives and their successors and permitted assigns. 
 “Seller 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 Sellers or an ERISA Affiliate maintains, administers, or
contributes to, or is required to contribute to, or within the five (5) years prior to the Closing Date, maintained administered, contributed to or was required to contribute to, or under which the Sellers or an ERISA Affiliate may incur any
liability and which cover any Employee or Former Employee of the Sellers or any ERISA Affiliate. 
 “Seller
Policies” has the meaning given such term in Section 8.1(a). 
 “Seller Third Person Consent”
means any Third Person Consent required under (i) any organizational document of either Seller, (ii) any Material Contract to which either Seller is a party or by which either Seller or any of the Assets are bound, or (iii) any of the
Rights of Way. 
 “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. 

“Successor” and “Successorship” means the successorship doctrine as defined by the National Labor
Relations Board and the courts, and/or the successorship letter negotiated as part of the National Oil Bargaining Policy. 

“Taking” has the meaning given such term in Section 10.1. 

“Tangible Personal Property” shall mean (i) all systems, movable plant, machinery, equipment, vehicles, supplies,
catalyst (including any precious metals therein), spare parts, pump stations, meter stations, tanks, piping and other items of tangible personal property owned or leased by Sellers and used primarily in connection with the ownership and operation of
the Refining Assets or the ownership and operation of the Terminal Assets or the Pipeline (as applicable) in the ordinary course of Business, and which are situated on or within the Real Property or the land covered by the Rights of Way on the
Execution Date, and (ii) without limiting the generality of clause (i) of this definition, all of the items of tangible personal property listed on Section 1.1(b), Section 1.1(c) and Section 4.3(e) of the Disclosure
Schedules; but in all cases excluding the Excluded Assets. 
 “Tax” means taxes of any kind including federal,
state, local or foreign, levies or other like assessments, customs, duties, 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, 

  
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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. 
 “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. 

“Terminal Assets” means the docks, tanks, tank farm, truck rack, wastewater treatment plant, pipelines, steam, air,
water, electric and fuel systems and other equipment, facilities and assets owned by Premcor Refining and located on the Refinery Land, other than the Refining Assets and the Excluded Assets. 

“Terminalling Agreement” means the Terminalling Agreement to be entered into by and between Delaware City Refining and
Premcor Refining (or, at Premcor Refining’s election, an Affiliate of Premcor Refining) on the Closing Date, substantially in the form attached hereto as Exhibit J. 

“Termination Date” has the meaning given such term in Section 11.1(d). 

“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 6.1.

 “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 ALTA Form 2006 issued 06/17/2006, or such other form as may be promulgated for use in the State of Delaware as of the Closing Date, insuring the Seller’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. 

  
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 “Transition Services Agreement” means the Transition Services Agreement to
be entered into by and among Buyers, Sellers and the other parties thereto on the Closing Date, substantially in the form attached hereto as Exhibit F. 
 “Union” has the meaning given such term in Section 3.12. 
 “Valero” has the meaning given such term in the recitals of this Agreement. 
 “VSI” means Valero Services, Inc. an Affiliate of Sellers. 

“WARN Act” has the meaning given such term in Section 7.1 of the Disclosure Schedules. 

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. 
 Section 1.3 Relationship between Premcor Refining and Premcor Pipeline. Each of Premcor Refining and Premcor Pipeline is entering into this Agreement solely as to that portion of the Assets
owned by it, and neither makes any representations or warranties as to any portion of the Assets owned by the other or any aspect of the Business conducted by the other. Unless context clearly requires otherwise, whenever a representation, warranty
or covenant is made herein by a “Seller” it shall be deemed made only by the Seller that owns the Assets or conducts or formerly conducted (as applicable) the Business to which the representation, warranty or covenant pertains. 

Section 1.4 Relationship between Delaware City Refining and Delaware Pipeline. Each of Delaware City Refining and Delaware
Pipeline is entering into this Agreement solely as to that portion of the Assets that they will purchase, and neither makes any representations or warranties as to any portion of the Assets to be purchased by the other or any aspect of the Business
conducted by the other. Unless context clearly requires otherwise, whenever a representation, warranty or covenant is made herein by a “Buyer” it shall be deemed made only by the Buyer that is to purchase the Asset or (as applicable) the
Business to which the representation, warranty or covenant pertains. 

  
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 ARTICLE II. 
 PURCHASE AND SALE; CLOSING 
 Section 2.1 Sale of Assets. Upon
the terms and subject to the conditions set forth in this Agreement, at the Closing, Sellers shall sell, convey, transfer, assign and deliver to Buyers, and Buyers shall purchase and acquire from Sellers all right, title and interest of Sellers in
and to the following assets (other than the Excluded Assets) owned or used by Sellers exclusively in connection with the Business (collectively the “Assets”), free and clear of all Liens other than the Permitted Liens or except as
otherwise specifically provided herein: 
 (a) all Real Property; 

(b) all Tangible Personal Property; 
 (c) all of Sellers’ right, title and interest in and to the Rights of Way; 

(d) all Assigned Contracts; 
 (e) to the extent assignable, all of Sellers’ right in the leases of equipment or other personal property leased by Sellers, and relating exclusively to the Refinery or the Pipeline, which leases, to
the extent they constitute Material Contracts, are identified in Section 3.5(a) of the Disclosure Schedules; 
 (f)
all Owned Vehicles and Leased Vehicles; 
 (g) all of Seller’s rights to Intellectual Property used exclusively in the
operation of the Refinery as it was operated immediately prior to the Shutdown; 
 (h) all Permits and Authorizations and
pending applications therefor or renewals thereof, in each case issued to Sellers exclusively for the operation of the Refinery or the Pipeline, and to the extent assignable; and 

(i) the Books and Records. 
 Section 2.2 Excluded Assets. Notwithstanding anything contained in this Agreement to the contrary, the following rights, properties and assets (collectively, the “Excluded
Assets”) will not be included in the Assets: 
 (a) all cash or cash equivalents, bank deposits, marketable securities
or notes receivable of Sellers or any of their Affiliates; 
 (b) all accounts receivable from any Person and any notes
receivable from any Person arising out of the operation of the Refinery, the Pipeline or the Business prior to Closing, as well as all amounts, if any, that are receivable by Sellers from their Affiliates; 

(c) (i) the Pipeline linefill, (ii) the Retained Product Inventory, and (iii) all other hydrocarbon inventory that Seller
will retain title to after Closing in accordance with Exhibit K; 

  
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 (d) the Excluded Contracts; 

(e) all assets and rights involved in the marketing and supply business conducted by Sellers or any Affiliate of Sellers (including the
Pipeline linefill and the Retained Product Inventory, but excluding any other physical assets located on or at the Real Property or the Right of Way, which shall form part of the Assets); 

(f) the spare parts and other items identified in Section 2.2(f) of the Disclosure Schedules (the “Retained Parts and
Spares”); 
 (g) (i) Proprietary trade names (including the trade names “Valero” and “Premcor”
and all variations thereof), trademarks, service marks, logos, trade dress, insignia, imprints, brand identifications, advertising and trade names of Sellers and all signs and other personal property whose primary purpose is to display any of the
foregoing, (ii) any proprietary invention, patent, trade secret, copyright, technological information, software or data of Sellers except to the extent expressly included in the Assets, (iii) all documents and communications of Sellers and
their Affiliates that are subject to the attorney-client privilege or that comprise attorney work product or the attorney-client relationship, and (iv) all forms and documents which prominently incorporate any of the foregoing; 

(h) all assets and rights owned by third parties; 
 (i) all Claims, demands and causes of action that Sellers 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 Sellers may have with respect to any Retained Liabilities or the liabilities indemnified against under Section 12.2, Section 12.3 or the
Environmental Agreement); 
 (j) all insurance coverage to which Sellers 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; 
 (k) any books and records (i) which constitute corporate, financial, tax and legal records of Sellers unrelated to the Business, (ii) which relate exclusively to, or the retention of which are
necessary for the defense of, any of the Retained Liabilities (or the liabilities or obligations indemnified against under Section 12.2 or for which Sellers are responsible under the Environmental Agreement), or (iii) the disclosure
of which to Buyers would waive (or would reasonably risk the waiver of) any attorney/client, work product, tax practitioner, audit or other privilege relating to the Retained Liabilities (or the liabilities or obligations indemnified against under
Section 12.2 or the liabilities for which Sellers are responsible under the Environmental Agreement), or (iv) which constitute third party data or information that cannot be disclosed or transferred to Buyers without violating legal
constraints or legal obligations to the third party owner thereof; provided, however, that subject to the parties entering into a mutually-agreed joint defense agreement(s) to allow for the sharing of common defense privileged materials, Buyers, at
Buyers’ expense and upon written request to Sellers, may receive copies of any of the items in the foregoing clauses (ii) and (iii) as well as any other books and records in the possession of Sellers to the extent (and only to the
extent) they contain information about the 

  
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Refinery or the Business that Buyers reasonably need in connection with third party Claims or Litigation arising from the Assumed Obligations or in order to comply with Law. Seller also reserves
the right to retain copies (but not originals) of any Books and Records delivered to Buyers pursuant hereto, as may be necessary to comply with Law, to honor Seller’s obligations or enforce Seller’s rights hereunder, or to meet any audit
or document retention requirements; 
 (l) Tax refunds or credits arising out of Taxes paid by Sellers or their Affiliates and
all claims of Sellers or their Affiliates for refunds of or loss carry forwards or carry backs with respect to (i) Taxes attributable to any period prior to the Closing Date, or (ii) any Taxes attributable to Excluded Assets; 

(m) all intercompany accounts due to or from Sellers or any of their Affiliates and all intercompany contracts pursuant to which Sellers
or any of their Affiliates have agreed to provide management, operational or administrative services or employees to the Sellers; 
 (n) the Seller Policies; 
 (o) all deposits paid by Sellers or any of their
Affiliates in connection with the Refinery, the Pipeline, Assets or the Business; and 
 (p) all rights in connection with and
assets of the Seller Plans. 
 Section 2.3 Purchase Price. The purchase price for the Assets is Two Hundred and
Twenty Million Dollars ($220,000,000) (the “Purchase Price”). 
 Section 2.4 Closing. The closing
of the transactions contemplated by this Agreement (the “Closing”) shall take place at the offices of Sellers in San Antonio, Texas, or at such other place as Buyers and Sellers may mutually agree, at 9:00 A.M. Central time on the
later of May 1, 2010 or 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
Sellers and Buyers 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. Delaware City, Delaware time on the Closing Date. 

Section 2.5 Deliveries at the Closing. At the Closing, the following events shall occur: 

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

(i) an amount equal to the Purchase Price, adjusted as appropriate in accordance with the provisions of
Section 8.2(b)(i), Section 8.2(c), Section 8.2(f), and Section 10.2(b); such payment to be made by wire transfer to the accounts of Sellers set forth on Section 2.5(a)(i) of the Disclosure
Schedules; 
 (ii) the certificates referred to in Section 9.2(a) and Section 9.2(b);

 (iii) a duly executed Assignment of Contracts; 

(iv) a duly executed Assignment of Rights of Way; 

  
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 (v) a duly executed Bill of Sale; 

(vi) copies of all Buyer Third Person Consents and Authorizations obtained pursuant to Section 5.2; 

(vii) the duly executed Other Agreements (except for any Other Agreements already executed and delivered by Buyers prior to Closing);

 (viii) a certificate of incumbency of the signatory officers of each Buyer; 

(ix) a certificate as to the good standing of each Buyer issued by the Secretary of State of Delaware; 

(x) resolutions of Buyers authorizing the execution of this Agreement and the Other Agreements to which Buyers are partes and the
consummation of the transactions contemplated under this Agreement and the Other Agreements to Buyers are partes (to the extent required by Buyers’ organizational documents), in each case certified by the Secretary or other executive officer of
each Buyer as being correct and complete and then in full force and effect; and 
 (xi) any other agreements, documents,
instruments and writings required to be delivered by Buyers to Sellers at or prior to the Closing pursuant to this Agreement. 

(b) At the Closing, each Seller (as applicable) shall deliver, or cause to be delivered, to Buyers: 

(i) one or more properly executed and acknowledged special warranty deeds (the “Deeds”) to be substantially in the form
attached hereto as Exhibit G conveying to the appropriate Buyer good, marketable and indefeasible title to all owned Real Property subject to the Permitted Liens; 
 (ii) a duly executed assignment of the Real Property Leases; 
 (iii) a duly
executed Assignment of Contracts; 
 (iv) a duly executed Assignment of Rights of Way; 

(v) a duly executed Bill of Sale; 
 (vi) copies of all Seller Third Person Consents and Authorizations obtained pursuant to Section 5.2; 
 (vii) the certificates referred to in Section 9.3(a) and Section 9.3(b); 
 (viii) the duly executed Other Agreements (except for any Other Agreements already executed and delivered by Seller prior to Closing); 

  
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 (ix) a non-foreign affidavit certifying the fact that Seller is not a “Foreign
Person” as that term is defined under Section 1445(b)(2) of the Code in the form required by Treasury regulations promulgated under Section 1445 of the Code; 
 (x) a certificate of incumbency of the signatory officers of Seller; 
 (xi) a
certificate as to the good standing of Seller issued by the Secretary of State of Delaware; 
 (xii) 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; 

(xiii) any other agreements, documents, instruments and writings required to be delivered by Sellers to Buyers at or prior to the
Closing pursuant to this Agreement; 
 (xiv) any documents that 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; and 
 (xv) evidence in form and substance reasonably satisfactory to Buyers (such as UCC-3 termination statements) showing release of all monetary Liens on the Assets 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 Permitted Liens. 
 Section 2.6 Assumed Obligations. Except in respect of Environmental Liabilities, which are addressed exclusively in the Environmental Agreement, as part of the consideration for the
transactions contemplated hereby, Buyers shall assume, be responsible for, and pay, perform and discharge, in due course all of the following (collectively, the “Assumed Obligations”): 

(a) all Obligations under the Assigned Contracts, Permits and Rights of Way that are payable or performable on or after the Closing Date;
and 
 (b) all other Obligations arising out of the ownership, operation or use of the Assets at any time from and after the
Closing Date. 
 Section 2.7 Liabilities to be Retained by Seller. Except in respect of Environmental Liabilities,
which are addressed exclusively in the Environmental Agreement, Sellers shall retain, be responsible for, and pay and discharge in due course all of the following (the “Retained Liabilities”): 

(a) all Obligations under the Assigned Contracts, Permits and Rights of Way that are payable or performable prior to the Closing Date;

  
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 (b) Obligations arising out of or with respect to Employees’ and Former Employees’
employment with, or the termination of their employment from, Sellers or their Affiliates; as well as any other liabilities or obligations for which Sellers or their Affiliates will be responsible pursuant to ARTICLE VII; 

(c) (i) the Claims and Litigation set forth in Section 2.7(c) of the Disclosure Schedules and (ii) any other Claims
or Litigation, whether now existing or hereafter arising, which are based upon A) products produced at the Refinery prior to the Closing Date or (B) exposure, injuries, accidents or other events occurring at or with respect to the Refinery or
the Pipeline prior to the Closing Date (such Claims and Litigation described in clauses (i) and (ii) are herein collectively referred to as the “Retained Litigation”); 

(d) any Obligations relating to the Excluded Assets; 
 (e) all other Obligations arising out of the ownership, operation or use of the Assets at any time prior to the Closing Date; and 
 (f) subject to the other provisions of this Agreement, all other Obligations of Sellers not specifically assumed by Buyers in this Agreement. 

ARTICLE III. 
 REPRESENTATIONS AND WARRANTIES OF SELLERS 
 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), and as a material inducement to Buyers to enter into this Agreement and to close the contemplated transaction,
Sellers hereby represent and warrant to Buyers that the following statements are true and correct as of the Execution Date: 

Section 3.1 Organization and Qualification Each Seller is a Delaware corporation, duly organized and validly existing and in
good standing under Delaware Law. Each Seller has the requisite corporate power and authority to carry on its business as it is now being conducted. Each 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 an adverse effect on the 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. Each Seller and each Affiliate of the Sellers 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 each Seller and each Affiliate of the Sellers is a party have been duly and validly executed
and delivered by each Seller and each such Affiliate of Sellers, as the case may be, and, assuming the due authorization, execution and delivery by Buyers, this Agreement and the Other Agreements

  
 18 

 
to which each Seller and its Affiliates is a party constitute the legal, valid and binding obligations of each Seller and such Affiliates, 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. 
 Section 3.3
Conflicts and Approvals. Assuming the accuracy of Buyers’ representations and warranties and 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 Sellers and their Affiliates of this Agreement or the Other Agreements to which each, as appropriate, will be a party, nor the performance by each 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 Sellers or any Affiliates of Sellers, (ii) the certificates of
incorporation or bylaws of Sellers or any Affiliates of Sellers, (iii) any Authorizations or Judgments binding on Sellers or any Affiliates of Sellers or to which any of their respective assets are subject, or (iv) any Material Contract of
Sellers or any Affiliates of Sellers or (v) result in the creation or imposition of any Lien, other than a Permitted Lien, on any of the Assets 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 materially and adversely affect the ability of
either Seller or any Affiliate of Sellers to execute, deliver and perform its obligations under this Agreement and the Other Agreements to which it is a party; and further there are no actions, suits, proceedings, arbitrations or investigations
pending or, to the Knowledge of Sellers, threatened, against Sellers or to which any assets of Sellers 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 Sellers to execute, deliver and perform its obligations under this Agreement or any Other Agreement to which
Sellers are a party. 
 Section 3.4 Real Property and Tangible Personal Property. 

(a) Premcor Refining has (i) good, marketable and indefeasible title to that Real Property which it owns in fee; and (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) Except as set forth in Section 3.4(b) of the Disclosure Schedules, Premcor Pipeline has either good and indefeasible
title to, or a valid right to use under and subject to the terms of the Rights of Way, all real property on which the Pipeline is located; in each case, free and clear of all Liens other than the Permitted Liens. 

(c) Subject to any Third Person Consent or Authorization for the transfer and assignment from a Seller to a Buyer, each Seller owns,
leases or has the legal right to use (or in the case of contract rights, receive the benefits of) all Tangible Personal Property, free and clear of all Liens except Permitted Liens. 

  
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 (d) Except as set forth in Section 3.4(d) of the Disclosure Schedules,
(i) to Sellers’ Knowledge, all Real Property Leases represent valid, binding and enforceable agreements of Premcor Refining subject to the terms thereof; and (ii) Premcor Refining is not in material default under any Real Property
Leases to which it is a party nor to the Knowledge of Sellers 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. 

(e) Section 3.4(e) of the Disclosure Schedules lists all material fixed assets comprising the Terminal Assets and the
Pipeline as of the Execution Date, other than the Excluded Assets. All of the assets on Section 3.4(e) of the Disclosure Schedules are owned by either Premcor Refining (with respect to Terminal assets) or Premcor Pipeline (with respect to
Pipeline assets). 
 (f) Section 1.1(b) of the Disclosure Schedules lists all material fixed assets comprising the
Refining Assets as of the Execution Date, other than the Excluded Assets. All of the assets on Section 1.1(b) of the Disclosure Schedules are owned by Premcor Refining. 
 (g) Except as would not reasonably be expected to have a Material Adverse Effect, to Sellers’ Knowledge, (i) the use and operation of the Real Property, Real Property Leases and Rights of Way in
the conduct of the Sellers’ Business (A) as currently conducted does not violate in any material respect any Law, covenant, condition, restriction, easement, license, Permit, Authorization or agreement, and (B) as conducted prior to
the Shutdown did 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, Real Property
Leases or Pipeline materially encroach on real property owned or leased by a Person other than the Sellers. There is no Litigation pending nor, to the Sellers’ Knowledge, are any Claims or Litigation threatened against or affecting the Real
Property, Real Property Leases or Right of Way 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 3.5 Material Contracts. 
 (a) Section 3.5(a) of the Disclosure Schedules contains a list of each Contract (other than Excluded Contracts) as of the Execution Date to which either Seller is a party and that is regularly
used exclusively in connection with the ownership of the Assets or the conduct of the Business as currently conducted and that (i) requires total payments, obligation or liability to or by the Seller or its Affiliate (as applicable) of at least
fifty thousand Dollars ($50,000) annually, (ii) is for a term of greater than one year, (iii) relates to indebtedness for borrowed money (including, without limitation, guarantees of indebtedness for borrowed money), (iv) is with any
Governmental Authority, or (v) creates any joint venture, partnership or similar arrangement (the “Material Contracts”). Each Material Contract is a legal, valid and binding obligation of the applicable Seller or its Affiliate
(as appropriate), enforceable against such Seller or Affiliate (as appropriate) in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws

  
 20 

 
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 3.5(a) of the Disclosure Schedules, neither of the Sellers or their Affiliate (as applicable), on the one hand, nor 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 3.5(a) of the Disclosure Schedules, since the Execution Date, neither of the Sellers nor any of their Affiliates has
received written notice of cancellation or termination of any Material Contract from any party thereto or notice of any intent to do so. To Sellers’ Knowledge, 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. Sellers shall be permitted to supplement and amend Section 3.5(a) of the Disclosure Schedules prior to the Closing with Material Contracts to which either Seller or any of their Affiliates has
entered in the normal course of business between the Execution Date and the Closing; provided that no such Material Contract shall be subject to termination with greater than 30 days notice or be subject to penalty or acceleration of payment upon
termination, and all such Material Contracts together shall not have a total monthly obligation to either Buyer after Closing of greater than $100,000. 
 (b) Section 3.5(b) of the Disclosure Schedules constitutes a list of each Contract to which either Seller or any of their Affiliates is a party and which is regularly used in connection with
the ownership of the Assets or the conduct of the Business, and that is to be retained by the applicable Seller or Affiliate and not assigned to Buyers (the “Excluded Contracts”). 

Section 3.6 Authorizations. Except as specified in Section 3.6 of the Disclosure Schedules, each Seller has
obtained all material Authorizations that are necessary to carry on the Business, in all material respects, as currently conducted, and had as of the time of the Shutdown all material Authorizations necessary to carry on the Business, in all
material respects, as conducted immediately prior to the Shutdown, (b) to the Knowledge of each Seller, other than the Shutdown, 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 such Seller, or a failure on the part of such Seller to comply with the terms of, any Authorization, (c) neither Seller has 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 either Seller, threatened, regarding suspension, revocation, modification or cancellation of any Authorization. 

Section 3.7 Compliance with Laws. Except as set forth in Section 3.7 of the Disclosure Schedules or as would not
reasonably be expected to have a Material Adverse Effect, to the Knowledge of each Seller, (a) such Seller (i) is operating the Terminal Assets in compliance in all material respects with all Laws and (ii) was, immediately prior to
the Shutdown, operating the Refining Assets in compliance in all material respects with all Laws then in effect, (b) such Seller has not received any written notification from any applicable Governmental Authority that

  
 21 

 
the Assets are not in compliance with any Laws, (c) to the Knowledge of Seller, except for the Shutdown, 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 Assets to comply with the terms of any Law. 
 Section 3.8 Litigation. Except as set forth in Section 3.8 of the Disclosure Schedules, there is no Litigation pending or, to the Knowledge of each Seller, threatened, against
either Seller 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. 

Section 3.9 Insurance. Section 3.9 of the Disclosure Schedules sets forth 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 3.10 Employee Matters. 
 (a) There are no employment
agreements (other than the Collective Bargaining Agreements) governing the employment of Employees. 
 (b) Neither Premcor
Refining nor Premcor Pipeline has any Employees. 
 Section 3.11 Seller Plans. Section 3.11 of the
Disclosure Schedules sets forth a list of all material Seller Plans to the extent applicable to Employees and Former Employees. Sellers have made available to Buyers correct and complete copies of each of the following with respect to the Seller
Plans, to the extent applicable to any Employee or Former Employee: (i) any plan documents and all amendments thereto, the most recent written descriptions thereof which have been distributed to Sellers’ employees, and (ii) the most
recent determination or opinion letter issued with respect to each Seller Plan that is intended to be qualified under Code Section 401(a). 
 Section 3.12 Labor Matters. 
 (a) VSI is bound by the applicable
Collective Bargaining Agreements, (the “Collective Bargaining Agreements”) between VSI or its Affiliate and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International
Union (AFL-CIO) and its Local 4-898 (USW) and the International Brotherhood of Electrical Workers (AFL-CIO) and its Local 1238 (IBEW) (USW and IBEW are collectively referred to herein as the “Union”), true and correct copies of
which have been provided to Buyers. Section 3.12(a) of the Disclosure Schedules sets forth each material memoranda or letter of understanding applicable to the Collective Bargaining Agreements. 

(b) Except as disclosed in Section 3.12(b) of the Disclosure Schedules, (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 there are no union representation claims involving any of the Employees;
and (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. 

  
 22 

 Section 3.13 Intellectual Property. With respect to the Business and except to
the extent set forth in Section 3.13 of the Disclosure Schedules, (i) each Seller 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 and as conducted immediately prior to the Shutdown, except for those with respect to which the failure to own or license could not reasonably be expected to have a Material Adverse Effect (the “Intellectual
Property”) and, (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 either Seller, is there any valid basis for any such Claim, and (iii) to Sellers’ Knowledge, the use of such Intellectual Property by each Seller (as applicable) does not infringe on the rights of any Person and (iv) to
Sellers’ Knowledge, no royalties are due from Sellers 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. 

Section 3.14 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 Sellers or any of their Affiliates, except any fees and commissions that will be discharged by
Sellers or their Affiliates. 
 Section 3.15 No Knowledge of Breach. As of the Execution Date, Sellers have no
Knowledge of any breach by Buyers of any of Buyers’ representations or warranties in Article IV. 
 ARTICLE IV.

 REPRESENTATIONS AND WARRANTIES OF BUYERS 
 Except as set forth in the Disclosure Schedules, which exceptions shall be deemed to be part of the representations and warranties made hereunder, and as a material inducement to Seller to enter into this
Agreement and to close the contemplated transaction, Buyers hereby represent and warrant to Sellers that the following statements are true and correct as of the Execution Date: 

Section 4.1 Organization and Qualification. Each Buyer is a limited liability company duly organized and validly existing and
in good standing under the Laws of the jurisdiction of its organization. Each Buyer has the requisite power and authority to carry on its business as it is now being conducted. Each Buyer is duly qualified as a foreign entity 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 an adverse effect with respect to such Buyer and its Subsidiaries taken as a whole or a material adverse effect on such Buyer’s ability to execute, deliver and perform its obligations under this Agreement and the Other
Agreements. 

  
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 Section 4.2 Due Authority. Each Buyer has full corporate 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 each Buyer is a party have been duly and
validly executed and delivered by such Buyer and, assuming the due authorization, execution, and delivery by Seller, this Agreement and the Other Agreements to which such Buyer is a party constitute the legal, valid and binding obligations of such
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 4.3 Conflicts and Approvals. Assuming the accuracy of Seller’s representations and warranties and except for (a) the receipt of the Buyer Third Person Consents set forth on
Section 4.3(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 4.3(b) of the Disclosure Schedules, neither the execution and delivery by Buyers of this Agreement or the Other Agreements to which Buyers are a party, nor the performance by Buyers of their 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 Buyers, (ii) the certificate of organization or bylaws or
other organizational documents of Buyers, (iii) any Authorizations or Judgments binding on Buyers or to which any of their assets are subject or (iv) any material contract of Buyers 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 4.3, except for any matters described in this Section 4.3 that would not reasonably be expected to
materially and adversely affect the ability of Buyers to execute, deliver and perform their obligations under this Agreement and the Other Agreements; and further there are no actions, suits, proceedings, arbitrations or investigations pending or,
to the Knowledge of Buyers, threatened, against Buyers or to which any assets of Buyers 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 Buyers to execute, deliver and perform its obligations under this Agreement or any Other Agreement to which Buyers are a
party. 
 Section 4.4 Litigation. There are no actions, suits, proceedings, arbitrations or investigations pending
or, to the Knowledge of Buyers, threatened, against Buyers or to which any assets of Buyers 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 Buyers to execute, deliver and perform their obligations under this Agreement or any Other Agreement to which Buyers are
parties. 
 Section 4.5 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 Buyers, except any fees and commissions that will be discharged by
Buyers. 

  
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 Section 4.6 Available Funds. Buyers 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 4.7 No Knowledge of Breach. As of the Execution Date, Buyers have no Knowledge of any breach by Sellers of any of
Sellers’ representations or warranties in Article III. 
 ARTICLE V. 

PRE-CLOSING COVENANTS 
 Section 5.1 Operation of Business. Except (i) as set forth in Section 5.1 of the Disclosure Schedules and the other matters identified therein, (ii) as otherwise
contemplated by this Agreement, or (iii) as otherwise consented to by Buyers, such consent not to be unreasonably withheld, conditioned or delayed, from the Execution Date until the Closing, Sellers shall: 

(a) afford to Buyers and their agents, advisors and representatives reasonable access to the Assets, Sellers’ personnel, documents
and books and records relating to the Assets and shall furnish such information about the Assets as Buyers shall reasonably request, all upon reasonable notice to Sellers and in a maimer that does not interfere in any material respect with normal
operations of the Sellers; 
 (b) Except in the ordinary course of the Business consistent with past practice and except as
expressly contemplated by this Agreement or the Environmental Agreement, not sell or dispose of any of the Assets or grant any Lien, other than Permitted Liens, with respect to any of the Assets; 

(c) subject to Section 3.5(a), not amend, modify or terminate any Material Contract, or otherwise waive, release or assign
any material rights, Claims or benefits of Sellers under any Material Contract; 
 (d) except in the ordinary course consistent
with past practice, not destroy or remove any Books and Records; 
 (e) promptly notify Buyers of any material emergency or
other material change in the Assets; 
 (f) subject to Section 3.5(a), not agree, resolve or commit to do any of the
actions prohibited in Section 5.1 (b), (c) or (d), that would, or the effects of which would, survive the Closing 
 (g) conduct the Business and operate the Assets in the ordinary course consistent with past practice taking into consideration the Shutdown; and 

(h) use commercially reasonable efforts to preserve beneficial relationships with lessors, licensors and service providers, taking into
consideration the Shutdown. 

  
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 Section 5.2 Appropriate Action; Consents; Filings. From the Execution Date to
the Closing: 
 (a) Subject to Sellers’ and Buyers’ additional obligations in clauses (b), (c) and (d) of
this Section 5.2, Sellers and Buyers 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 Buyers or Sellers 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 Buyers and their Affiliates, as applicable, to consummate the transactions contemplated hereunder and under the Other Agreements. 

(b) As promptly as practicable, Sellers and Buyers 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. Buyers and Sellers shall bear the costs and expenses of their respective filings; provided, that Buyers shall pay the filing fee in connection with any such filings. Buyers and Sellers 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. Buyers and
Sellers 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,
Buyers and Sellers 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 Buyers or Sellers that relate to the consummation of the transactions 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 

  
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this Agreement, or (C) delay or impede the ability of either Buyers or Sellers, respectively, to consummate the transactions contemplated by this Agreement or to fulfill their respective
obligations set forth herein. Nothing in this Section shall require Buyers to provide Sellers any notice or communication among Buyers and their owners or with respect to Buyers’ financing of the transaction. 

(d) Buyers and Sellers 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, Buyers 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 Buyers will not be required to place any material restrictions on Buyers’ and Buyers’ Affiliates pre-existing or future business, and none of
Buyers or Buyers’ Affiliates shall be required to dispose of any of their respective assets. 
 (e) Buyers and Sellers
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 and Section 4.3 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, Sellers shall be solely responsible for the payment of all third party transfer fees and other costs, fees and expenses, if any, necessary to secure any Third Person Consents or otherwise effect the
transfer of any Assigned Contracts from Sellers to Buyers. 
 (f) Buyers shall use diligent efforts to secure the release of
Sellers and their Affiliates from liability (whether absolute or contingent) for any post-Closing obligations of Buyers under any Authorizations or Material Contracts assigned or transferred from Sellers or any of their Affiliates to Buyers in
accordance herewith, and to secure the release of Sellers and their Affiliates from any guarantees of such post-Closing obligations under any Authorizations or Material Contracts. Buyers’ efforts in this regard shall include, if necessary,
causing the Buyer Guarantor to guarantee the obligations of Buyers under the affected 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 Sellers or any of their Affiliates prior to Closing. Sellers and their Affiliates shall have the right to cancel or revoke any guarantees, bonds, letters of credit and similar undertakings provided by them or on their behalf to secure
any obligations related to the Assets or the Business, provided that Sellers will not do so without notifying Buyers and allowing Buyers the reasonable opportunity to provide the counterparty a guarantee, bond, letters of credit or similar
undertaking on substantially similar terms to those 

  
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provided by Sellers or their Affiliates, or to otherwise take steps adequate to either secure Sellers’ release or protect Sellers from Claims by the parties in whose favor such guarantees or
other credit support obligations run. Buyers 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
Buyers’ failure or inability to secure any of the releases required under this paragraph. The provisions of this paragraph shall survive Closing. 
 Section 5.3 Breach Notice. If, prior to the Closing Date, either Buyer, on the one hand, or either Seller, on the other hand, obtains Knowledge of a breach of any of 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, and 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 5.4 Right of Entry. 
 (a) Buyers hereby acknowledges that any access to the Refinery, the Pipeline and any Real Property by Buyers or any representative, consultant or other Person acting by or on behalf of Buyers
(“Diligence Representative”) shall be at the sole risk, cost and expense of Buyers except for the gross negligence or willful misconduct of Seller Indemnitees. Buyers shall ensure that each Diligence Representative complies with all
security, safety and similar requirements customarily imposed by Sellers on their properties, as well as the requirements of any applicable Rights of Way, leases or other agreements. Before and after the Closing, BUYERS 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 BUYERS’ OR ANY DILIGENCE REPRESENTATIVE’S ENTRY UPON OR ACCESS TO THE REFINERY, THE PIPELINE,
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 EMPLOYEE OF ANY SUCH PERSON. Additionally, any inspection or investigation conducted by Buyers or their Diligence Representatives shall be conducted in accordance with Law and
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 operation of the Terminal Assets, the Pipeline or any
other Assets. 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, the Pipeline or any other Assets, without the prior written consent of Sellers not to be unreasonably withheld or delayed, Buyers being limited to the review of Sellers’ or their Affiliates’ records or any other publicly
available materials or information with regard to these matters. 
 (b) Before any Diligence Representative (other than
employees of Buyers and their Affiliates) is permitted to engage in any activities within the Refinery or any land on which 

  
 28 

 
the Pipeline is located, Buyers 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 Compensation or equivalent	  	 As required by applicable law
 $100,000 per occurrence
 $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
 $1,000,000
Combined Single Limit Bodily Injury and Property Damage Combined
 $10,000,000 Combined Single Limit Bodily Injury and Property Damage
Combined

		  	2. Employer’s Liability or equivalent	  
	B.	  	Commercial General Liability:	  
	 C.     
	  	Automobile Liability Coverage: endorsed to cover all owned, non-owned and hired vehicles	  
	 D.     
	  	Umbrella Liability in excess of A.2., B. & C. Endorsed to provide a 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.)	  

 Buyers shall furnish (or cause to be furnished) to Sellers 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 (and any third parties over whose property the
Pipeline traverses, if Buyers or their Diligence Representatives will access such property) 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 additional insureds for their own account. Such insurance shall be endorsed with a standard cross liability clause in favor of the additional insureds. Such insurance shall cover the actions of all Diligence
Representatives. The certificate of insurance shall state that Sellers 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 Buyers’ indemnification obligations under this Agreement. 

Section 5.5 Condition of the Assets. In consummating the purchase of the Assets contemplated hereunder, Buyers acknowledge
that they will become the owners of the Assets, and that BUYERS ACCEPT SUCH ASSETS IN THEIR AS-IS, WHERE-IS, CONDITION, WITH ALL FAULTS, WITHOUT ANY EXPRESS OR IMPLIED COVENANT, REPRESENTATION OR WARRANTY AS TO TITLE, CONDITION (INCLUDING

  
 29 

 
ANY ENVIRONMENTAL CONDITION), MERCHANTABILITY, PERFORMANCE, FITNESS (BOTH GENERALLY AND FOR ANY PARTICULAR PURPOSE) OR OTHERWISE (ALL OF WHICH REPRESENTATIONS, WARRANTIES AND COVENANTS SELLERS
HEREBY EXPRESSLY DISCLAIM), OR RECOURSE, OTHER THAN AS EXPRESSLY SET FORTH HEREIN OR IN THE ENVIRONMENTAL AGREEMENT, AS APPLICABLE. FURTHER, AND FOR THE AVOIDANCE OF DOUBT (BUT WITHOUT LIMITING ANY PROVISIONS IN THE ENVIRONMENTAL AGREEMENT) ALL
LOSSES AND CLAIMS RESULTING FROM EXPOSURES, INJURIES, ACCIDENTS AND OTHER EVENTS HAPPENING AFTER CLOSING, EVEN IF CAUSED (IN WHOLE OR IN PART) BY A CONDITION OF THE ASSETS THAT EXISTED ON OR BEFORE CLOSING, SHALL BE ASSUMED OBLIGATIONS, AND NOT
RETAINED LIABILITIES. 
 Without limiting the generality of the foregoing, and notwithstanding anything to the contrary elsewhere herein,
Buyers expressly acknowledge and understand that Premcor Refining permanently ceased refining operations at the Refinery at the time of the Shutdown and shut down the Refining Assets on or before that time, and Sellers make no representations or
warranties as to whether the Refining Assets are in, or could be put in, a condition suitable for use. 
 Section 5.6
Independent Investigation. Buyers acknowledge and affirm that (i) they have had full access to the extent they deem useful or necessary to all information and materials made available by Sellers and their representatives during the
course of Buyers’ due diligence investigation of the Assets, and (ii) they have had access to the personnel, officers, professional advisors, operations and records of Sellers pertaining to the Assets. As of the Closing, Buyers will have
completed their independent investigation, verification, analysis, review and evaluation of this Agreement, the Other Agreements, the Assets and Sellers, as Buyers have deemed necessary or appropriate. EXCEPT FOR THE REPRESENTATIONS AND
WARRANTIES EXPRESSLY MADE BY SELLERS IN ARTICLE III OR IN ANY CERTIFICATE DELIVERED PURSUANT HERETO OR IN THE ENVIRONMENTAL AGREEMENT, BUYERS ACKNOWLEDGE AND AGREE THAT (a) THERE ARE NO REPRESENTATIONS OR WARRANTIES MADE BY SELLERS OR ANY OF
THEIR AFFILIATES OR ANYBODY ACTING ON THEIR BEHALF, EXPRESS OR IMPLIED, AS TO (i) THE ASSETS, OR (ii) THE OBLIGATIONS, 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 ASSETS, BUYERS HAVE RELIED AND WILL RELY SOLELY UPON THEIR OWN INDEPENDENT INVESTIGATION, VERIFICATION, ANALYSIS AND EVALUATION;
(b) SELLERS DISCLAIM ALL LIABILITY AND RESPONSIBILITY FOR ANY REPRESENTATION, WARRANTY, STATEMENT OR INFORMATION ORALLY OR IN WRITING MADE OR COMMUNICATED TO BUYER INCLUDING ANY OPINION, INFORMATION OR ADVICE WHICH MAY HAVE BEEN PROVIDED TO
BUYERS BY OR ON BEHALF OF SELLERS OR ANY AFFILIATES OF SELLERS, INCLUDING (i) ANY MODELS PROVIDED BY SELLERS OR THEIR AFFILIATES, WHICH HAVE BEEN PROVIDED FOR ILLUSTRATION PURPOSES ONLY, (ii) ANY CORRESPONDENCE FROM SELLERS OR ANY OF

  
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THEIR REPRESENTATIVES OR AFFILIATES, (iii) ANY PRESENTATION BY THE MANAGEMENT OF SELLERS OR THEIR AFFILIATES AND (iv) ANY INFORMATION, DOCUMENT OR MATERIALS PROVIDED OR MADE
AVAILABLE TO BUYERS, OR STATEMENTS MADE TO BUYERS DURING SITE OR OFFICE VISITS, IN ANY DATA ROOM OR MANAGEMENT PRESENTATION); (c) NEITHER SELLERS NOR ANY AFFILIATES, AGENTS, OR REPRESENTATIVES OF SELLERS HAVE MADE, AND SELLERS HEREBY EXPRESSLY
DISCLAIM AND NEGATE, 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 ASSETS OR THE BUSINESS; AND (d) SELLERS MAKE 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, THE PIPELINE OR THE PHYSICAL 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. 
 Section 5.7 Supplement to Disclosure
Schedules. Sellers may from time to time prior to the Closing, by written notice to Buyers, supplement or amend the Disclosure Schedules to correct any matter that would constitute a breach of any representation or warranty of Sellers in
ARTICLE III. For purposes of determining whether Buyers’ 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 information contained in any supplement or amendment thereto. If Buyers are not obligated to close but shall elect to close and the Closing shall occur, then any matters disclosed to Buyers pursuant to any
supplement or amendment after the Execution Date and prior to the Closing shall be deemed to be waived by Buyers, and Buyers shall not be entitled to make a claim thereon under this Agreement (including pursuant to Article XII) or otherwise.
If, however, Buyers are obligated to close and the Closing shall occur, then any matter disclosed to Buyers pursuant to any supplement or amendment provided by Sellers after the Execution Date and prior to the Closing shall not be deemed to be
waived by Buyers, and Buyers 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 Buyers are not obligated
(but elect) to close). 

  
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 Section 5.8 Refinery Electricity. 

(a) Seller receives retail electric service for the Refinery from an Affiliate, Valero Power Marketing LLC (“VPM”). VPM
also purchases electricity generated by the Refinery’s on-site Qualifying Facilities for sale in the PJM wholesale and capacity markets. Both Premcor Refining and VPM have market based rate tariffs on file with the Federal Energy Regulatory
Commission (“FERC”). Buyers acknowledge and agree that after Closing, neither VPM nor any of its Affiliates shall have any obligation to provide retail electric service to Buyers or the Refinery or to procure electricity from the
Refinery’s Qualifying Facilities. Buyers shall be solely responsible for making their own arrangements to acquire retail electric service for the Refinery from and after Closing. Subject to Section 5.8(b), to the extent Buyers
intend to sell any electric energy or capacity from the Qualifying Facilities into the PJM markets or to other parties after Closing, Buyers shall be solely responsible for compliance with all applicable federal and state laws and regulations,
including without limitation all applicable FERC regulatory requirements, as are necessary to enable Buyers or their Affiliates, as applicable, to generate, deliver or sell such electric energy or capacity into the bulk power system, PJM markets or
to any other parties. For purposes of this paragraph, the term “Qualifying Facility” shall mean the combined-cycle cogeneration facility located on the Refinery Land, comprised of several generating units, which was self-recertified as a
QF on April 29, 2004 in FERC Docket No. QF92-17-002. 
 (b) VPM receives capacity payments from PJM for electric generating
capacity at the Refinery under a contractual arrangement (entered into through the PJM auction process) that runs through May 31 2013. Due to the Shutdown, VPM has entered into a capacity buyback arrangement with PJM for the 2010/2011 contract term
and is subject to an availability derate for the 2011/2012 contract term. VPM’s arrangement with PJM (the “Current PJM Contract”) is summarized in the following chart: 

Capacity Payments Through the PJM Auction Process – in $000s 

 

									
	 	 	 	 	 
	 Revenue
	 	2009/2010    	 	2010/2011    	 	2011/2012    	 	2012/2013    
	
Contracted Capacity in MW
	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    
	
Payment Price in $ per MW day
	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    
	 Total
Annual Capacity Payments
	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    
	 Less
Capacity Buyback
	 	 	 	[REDACTED]    	 	 	 	 
	 Less
Availability Derate (212 days)
	 	 	 	 	 	[REDACTED]    	 	 
	 Net
Capacity Payments
	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    	 	[REDACTED]    

 VPM will bid into the PJM capacity auction for the period June 1, 2013 to May 31, 2014, based on the
Refinery’s demonstrated capacity with PJM (currently approximately 195 MW), but the ultimate capacity VPM is allowed bid will be subject to PJM’s parameters for certifying capacity. The value of the capacity payments, if any, that VPM
receives at such auction will be 

  
 32 

 
determined by the clearing price in the auction. The capacity payment arrangement awarded to VPM, if any, at such auction is hereinafter referred to as the “2013/2014 PJM
Contract” and the Current PJM Contract and any 2013/2014 PJM Contract that enters into pursuant to this paragraph are hereinafter collectively referred to as the “PJM Contract”. 

Promptly following the Execution Date, Buyer shall, or shall cause an Affiliate of Buyer to, (i) take all necessary steps to obtain
Market Based Rate Authority from FERC and (ii) become a member of PJM and otherwise meet all requirements of PJM necessary to assume the PJM Contract (such actions are hereinafter collectively referred to as the “Qualifying
Actions” and Buyer or the Affiliate of Buyer that has taken such Qualifying Actions is hereinafter referred to as the “Buyer Power Marketer” or “BPM”). Upon the date (the “Assignment Date”)
that is the later to occur of (i) Closing, if the Qualifying Actions have been completed by Closing, or (ii) a date agreed to by Buyer and Seller that is not later than ten (10) Business Days after Buyer has notified Seller that the
Qualifying Actions are complete, Sellers shall cause VPM to assign, and Buyers shall cause BPM to assume, all of VPM’s interests in the PJM Contract. Such assignment and assumption shall be effected pursuant to PJM’s market rules or in
such other manner as PJM may prescribe and shall be structured so that BPM (i) receives all capacity payments and other benefits under the PJM Contract that accrue from and after the Closing Date, and (ii) assumes all of VPM’s
obligations under the PJM Contract that accrue from and after the Closing Date. All net amounts (i.e. after deducting any capacity buyback amounts) paid by PJM to VPM with respect to payment periods occurring after the Closing Date shall be paid
over by VPM to BPM on the Assignment Date by wire transfer from VPM to an account designated by BPM (unless the Assignment Date coincides with the Closing Date, in which case such payments may be made by way of an adjustment to the Purchase Price).
For purposes of determining the amount of the payment due from VPM to BPM under the immediately preceding sentence, any net amounts paid by PJM to VPM for the payment period under the PJM Contract in which the Closing Date falls shall be prorated
between VPM and BPM based on the number of days in such payment period prior to the Closing Date (the “Pre-Closing Period”) and the number of Days in such payment period on or after the Assignment Date (the “Post-Closing
Period”), with VPM entitled to any net payment from PJM that is attributable to the Pre-Closing Period, and BPM entitled to any net payment from PJM that is attributable to the Post-Closing Period. Should any estimates be used for the
foregoing-described proration, a true-up payment from VPM to BPM, or vice-versa, shall be made as necessary within thirty days of the owing party’s receipt of an invoice therefor from the party entitled to payment, accompanied by documentation
reasonably establishing the calculation of the true-up payment and reasonable evidence (such as PJM documentation) of the basis therefor. 
 If the assignment of the PJM Contract from VPM to BPM in the maimer hereinabove contemplated has not occurred through no fault of Sellers within six months following the Closing Date (or, if no Closing
occurs, then on any date that this Agreement is terminated in accordance with its terms), then upon Sellers’ demand therefor, Buyers shall pay to Sellers (by wire transfer to an account designated by Sellers) an amount (the
“Non-Assignment Payment”) equal to the lesser of (i) VPM’s “cover damages,” calculated as the positive difference (if any) obtained by subtracting the full capacity payment payable by PJM under the 2013/2014 PJM
Contract from the cost of any replacement capacity VPM purchases in the PJM market to substitute for capacity VPM cannot deliver from Refinery sources, or (ii) the amount VPM is 

  
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entitled to pay for a full release of its obligations under the 2013/2014 PJM Contract pursuant to Section 9.1.3 of PJM Manual 18: PJM Capacity Market, if then applicable, or if not then
under any other then-applicable provision of the PJM rules. Buyer agrees that VPM will not be obligated to try to mitigate its cover damages through, e.g., waiting to see if VPM can purchase replacement power for a lower price at a future date, or
otherwise attempting to time the market or hedge against future market pricing; rather, VPM’s only obligation will be to not incur cover damages that exceed any lump sum amount VPM can pay PJM for a full release under the PJM rules. Upon
Sellers’ receipt of the Non-Assignment Payment, Buyers and Sellers (and VPM and BPM) shall be relieved of all of their obligations under this Section 5.8(b), including the obligation for VPM to assign, and BPM to assume, the PJM
Contract. The parties acknowledge that the Non-Assignment Payment is based upon Section 9.1.3 of PJM Manual 18: PJM Capacity Market and shall constitute liquidated damages. From the time that Sellers make demand therefor until the
Non-Assignment Payment is paid in full, Sellers and their Affiliates shall be entitled to offset any amounts owing by them to Buyers or any of Buyers’ Affiliates under this Agreement or any of the Other Agreements against any unpaid portion of
the Non-Assignment Payment. 
 Sellers shall be responsible for causing VPM to comply with all obligations of VPM hereunder and Buyers shall be
responsible for causing BPM to comply with all obligations of BPM hereunder. 
 Sellers make no representations or warranties
regarding (i) VPM’s ability to assign the PJM Contract, (ii) any restrictions, limitations or conditions that PJM may impose in connection with such assignment, (iii) whether the amounts in the above chart will remain valid
following any assignment of the Current PJM Contract to BPM, or (iv) the amount of any capacity payment that may be awarded to VPM or transferable to BPM in any 2013/2014 PJM Contract. 

(c) The provisions of this Section 5.8 shall survive Closing. 

Section 5.9 Pipeline Linefill. Prior to Closing, Seller shall ensure that all linefill in the Pipeline consists of ultra low
sulfur diesel (“ULSD”) meeting the ULSD specifications for the Buckeye pipeline. Until such time as such linefill has been purchased by a Buyer in accordance with the provisions of Section 8.9, or in the event of an
emergency or as required by Law (i) Seller shall not remove or replace such linefill without the prior written consent of Buyers, and (ii) Buyers shall not make any shipments (on their own behalf or for third parties) on the Pipeline or
otherwise take any actions that would cause any of such linefill to be lost, contaminated, commingled with third party product, or subject to any Liens (other than Liens caused by or in favor of Seller or its Affiliates). Seller shall have the
right, prior to Closing, to amend the Pipeline tariff to suspend it while the foregoing arrangement is in effect. 

Section 5.10 Certain Equipment on Order Premcor Refining issued Perry Products seven purchase orders for the construction of
seven heat exchangers and one channel box. Two of the heat exchangers were for the Refinery resid cooler capital project and the other items were for Refinery maintenance work in the poly-alky unit and FCC/APU. When all these projects were
cancelled. Premcor Refining notified the vendor to stop work on the equipment. The chart in Section 5.10 of the Disclosure Schedules sets forth, to Sellers’ Knowledge, the status of each purchase order. With respect to the two exchangers
that are nearly complete, Seller intends 

  
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cause them to be completed and delivered to the Refinery, at which time they will become part of the Retained Parts and Spares subject to the provisions of Section 8.9. With respect
to any equipment that Seller does not wish to have the vendor complete (“Incomplete Equipment”), Seller will request that the vendor store such Incomplete Eequipment until such time as Seller notifies the vendor as to its ultimate
disposition. Assuming the vendor agrees to store the Incomplete Eequipment, and for so long as the vendor agrees to store the Incomplete Equipment (but in no event later than two Business Days prior to the Closing Date), Buyer shall have the option
to offer to purchase Seller’s interest in the Incomplete Equipment (as-is, where-is) and the purchase orders therefor for a fair market value to be proposed by Buyer. If Seller, in its sole discretion, elects to accept Buyer’s offer, then
(i) the relevant purchase order(s) shall become Assigned Contracts to be transferred to Buyer at Closing (unless Seller is required to pay for the Incomplete Equipment prior to Closing, in which case Seller will purchase the Incomplete
Equipment and cause it to be delivered to the Refinery and such Incomplete Equipment will become part of the Assets) and (ii) the Purchase Price shall be increased by an amount equal to Buyer’s offer. If Buyer fails to make any such offer
within the aforesaid time limit, then Buyer’s option shall expire and Seller shall be free to dispose of the Incomplete Equipment in any manner Seller deems appropriate, including by causing some or all of the Incomplete Equipment to be
delivered to the Refinery; however, any such Incomplete Equipment that Seller causes to be delivered to the Refinery shall be treated as Retained Parts and Spares subject to the provisions of Section 8.9. 

ARTICLE VI. 

TITLE MATTERS 
 Section 6.1 Title Commitment. Sellers shall endeavor to cause the Title Company to issue, within twenty (20) days after the Execution Date, one or more title 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 Sellers and comprising any portion of the Refinery. 

Section 6.2 Cost of Title Policy. Sellers shall pay for the basic premium for coverage under the Title Policy in amount equal
to the value of the Refinery Land covered thereby, as reflected on the county property tax rolls. Buyers 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 Sellers are required to provide under the immediately preceding sentence. 
 Section 6.3 Survey. Sellers
shall not be obligated to provide any new or updated surveys of any of the Real Property, and neither Buyers’ or any of their lenders’ receipt of any such surveys shall constitute a condition to Closing or form the basis for delaying
Closing; however, Sellers agree to reasonably cooperate with Buyers prior to Closing to permit Buyers to attempt to procure any surveys of the Real Property that Buyers deem reasonably necessary, all at Buyers’ sole cost and expense.

  
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 ARTICLE VII. 
 EMPLOYEE MATTERS 
 Section 7.1 Employee Matters.
Section 7.1 of the Disclosure Schedules sets forth certain covenants and agreements of Buyers and Sellers related to Employees. 
 Section 7.2 No Third Party Beneficiaries. No provision of this ARTICLE VII (including those in Section 7.1 of the Disclosure Schedules) shall create any third-party beneficiary rights in
any Person, including any employee or former employee (and any beneficiaries, dependents or representatives thereof) of Sellers or Buyers or any of their respective Affiliates, and no provision of this ARTICLE VII (including those in
Section 7.1 of the Disclosure Schedules) 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 Buyers or their
Affiliates. 
 ARTICLE VIII. 
 POST CLOSING COVENANTS 
 Section 8.1 Insurance. 

(a) Sellers and Buyers acknowledge that Sellers participate in a program of property and liability insurance coverage for themselves and
their Affiliates. This program has been designed to achieve a coordinated risk-management package for Sellers and all of their Affiliates. The program consists of various types of policies including: (a) policies under which Sellers or
Affiliates 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 Sellers, their predecessors or
Affiliates are herein referred to collectively as the “Seller Policies.” It is understood and agreed by Buyers that from and after the Closing: 
 (i) No insurance coverage shall be provided under the Seller Policies to Buyers; 
 (ii) Any and all policies insured or reinsured by any of the Seller Captive Insurers which, but for this provision, would have insured the Business or the Assets shall be deemed terminated, commuted and
cancelled ab initio as to, the Business, the Assets, Buyers and their Affiliates, but without prejudice to Sellers’ and their Affiliates’ rights thereunder; and 

(iii) Without limiting Sellers’ and their Affiliates’ recourse against the Seller Policies in connection with
Claims related to Retained Liabilities, the Excluded Assets or any other matter for which Sellers have indemnified the Buyer Indemnitees hereunder, no claims regarding any matter whatsoever, 

  
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whether or not arising from events occurring prior to the Closing, shall be made by Buyers or any of their Affiliates against or with respect to any of the Seller Policies, regardless of their
date of issuance. 
 Section 8.2 Contractual Payments and Collections; Prorations; Taxes. 

(a) General. Except where a contrary allocation is expressly set forth elsewhere in this Agreement, all income, expenses, and
Taxes attributable to the Assets for the period before the Closing Date are for the account of Sellers, and all income, expenses, and Taxes attributable to the Assets on and after the Closing Date are for the account of Buyers. 

(b) Contractual Payments and Collections. 
 (i) Buyers shall pay, on or before the due date therefor, or be entitled to collect (as applicable) all fees, rents, utility bills and other contractual payment obligations (including any under Assigned
Contracts, Permits or Rights-of-Way) that come due after Closing with respect to the Assets or Buyers’ use, operation or ownership thereof. At Closing, the Purchase Price shall be (A) increased by the pro-rated amount of all such payments
made by Seller prior to Closing that are attributable to Buyers’ period of ownership, and (B) decreased by an amount equal to the pro-rated amount of any such payment obligations assumed by Buyers that are attributable to Sellers’
period of ownership. Buyers and Sellers shall cooperate in good faith to agree upon the amount of any such Purchase Price adjustments by not later than ten (10) days prior to the Closing Date. After Closing, Sellers shall pay to the appropriate
Buyer, within thirty (30) days of receipt of such Buyer’s invoice therefor (accompanied by reasonable supporting documentation), any amounts paid by such Buyer after Closing that are attributable to Sellers’ period of ownership of the
Assets and that were not included in the Purchase Price adjustment referenced above in this paragraph. Similarly, after Closing, Buyers shall pay to the applicable Seller, within thirty (30) days of receipt of such Seller’s invoice
therefor (accompanied by reasonable supporting documentation), any amounts paid by such Seller before or after Closing that are attributable to Buyers’ period of ownership of the Assets and that were not included in the Purchase Price
adjustment referenced above in this paragraph. In determining whether a payment to a third party pursuant to any contract, lease or other commitment is attributable to Buyers’ period of ownership or the Sellers’ period of ownership, the
parties will allocate the burden of such payment in a manner that reflects the relative benefit of such work performed, services provided or goods delivered to each party; provided, however, there shall be a rebuttable presumption that
any work performed, services provided or goods delivered prior to the Closing Date are for the benefit of Sellers, and any work performed, services provided or goods delivered on or after the Closing Date are for the benefit of Buyers. 

(ii) If a Buyer receives any funds or other property that belongs to either of the Sellers, or vice versa, then the
receiving party shall hold such funds and property in trust for the benefit of the rightful party and shall promptly 

  
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forward such funds or property to the rightful party. It is the intention of the parties that Sellers shall receive all income, rentals, fees and other revenues (including any under Assigned
Contracts, Permits or Rights-of-Way) attributable to Sellers’ period of ownership and operation of the Assets, and Buyers shall receive all income, rentals, fees and other revenues (including any under Assigned Contracts, Permits or
Rights-of-Way) attributable to Buyers’ period of ownership and operation of the Assets. 
 (c) Deposits. The Assets
do not include any deposits made by Sellers to secure performance under any Contracts, Permits or Authorizations. Buyers will be required to post their own deposits or, if Sellers agree to assign their deposits to Buyers (and such assignment is
permitted under the underlying Contract, Permit or Authorization), the Purchase Price shall be increased by an amount equal to such deposits. If for any reason a deposit made by a Seller is not assigned to a Buyer until after Closing then such Buyer
shall promptly (and as a condition to such assignment) pay to the applicable Seller an amount equal to the deposit to be assigned. 
 (d) Sales and Use Taxes; Gross Receipts Taxes. Sellers and Buyers agree that all state and local sales and use Taxes, gross receipts Taxes or other similar Taxes, if any, relating to the sale and
conveyance of the Assets pursuant to this Agreement shall be the liability of Buyers, and shall be borne by Buyers, as follows: 
 (i) At Closing, Sellers shall not collect from Buyers any state and local sales and use Taxes if Buyers provide Sellers any applicable direct pay permits. Rather, Buyers shall remit such Taxes directly to
the appropriate Governmental Authorities when such Taxes are due and owing. 
 (ii) To the extent that gross
receipts tax is payable with respect to the transactions contemplated under this Agreement or the Other Agreements, Sellers shall pay such gross receipts tax and Buyers shall reimburse Sellers for any amounts so paid within ten (10) days
following notice from Sellers. 
 (iii) Promptly following Closing, Buyers shall provide Sellers with an
appropriate exemption certificate to establish the right to any exemption from state and local sales and use Taxes and for any exemptions from any other applicable state Tax. Buyers shall thereafter provide Sellers with any additional exemption
certificates and other documentation as may be required by the Governmental Authorities for such purpose. 
 (iv)
If any exemption claimed by either Buyer is subsequently denied by any Governmental Authority, and as a result either Seller is assessed additional Taxes, then the applicable Buyer shall reimburse such Seller, or its assignees, for such assessed
Taxes, including interest and penalty. 
 (e) Transfer Taxes. All real and personal property transfer Taxes or other
similar Taxes arising out of the consummation of the transactions contemplated by this Agreement shall be borne by and paid directly to the applicable Governmental Authorities in equal amounts by Buyers and Sellers or, if Sellers are required to
remit such Taxes, Buyers shall promptly reimburse Sellers for their portion therefor. 

  
 38 

 (f) Real Property Taxes. All real property and personal property ad valorem and other
similar Taxes, including payments in-lieu-of property Taxes, assessed or levied with respect to the Assets for a taxable period which includes (but does not end on) the Closing Date shall be prorated between Buyers and Sellers based on the number of
days of such taxable period before the Closing Date (the “Pre-Closing Tax Period”) and the number of days in such taxable period on and after the Closing Date (the “Post-Closing Tax Period”). Sellers shall be liable
for the proportionate amount of such prorated Taxes that is attributable to the Pre-Closing Tax Period, and Buyers shall be liable for the proportionate amount of such prorated Taxes that is attributable to the Post-Closing Tax Period. At Closing,
the Purchase Price shall be (i) increased by the amount, if any, of any such Taxes prepaid by Sellers with respect to a Post-Closing Tax Period, or (ii) decreased by the amount, if any, of any such Taxes relating to a Pre-Closing Tax
Period which Buyers will be obligated to pay after Closing. Buyers and Sellers shall cooperate in good faith to agree upon the amount of any such Purchase Price adjustments by not later than ten (10) days prior to the Closing Date. Buyers shall
file all required reports and returns incidental to such Taxes that become due and payable after Closing and shall pay such Taxes on or before the due date therefor. To the extent that the amount of any such Taxes paid by Buyers with respect to any
Pre-Closing Tax Period exceeds the Purchase Price adjustment therefor, Sellers shall reimburse Buyers for the difference within thirty (30) days of Seller’s receipt of Buyers’ invoice therefor, accompanied by reasonable supporting
documentation (including copies of relevant Tax bills); provided, however, under no circumstances shall Sellers be required to pay (i) any amount greater than the prorated amount they would have had to pay in respect of the Pre-Closing Tax
Period had they not conveyed the Assets to Buyers, or (ii) any penalties or interest resulting from the acts or omissions of Buyers or any of their agents or representatives. Sellers and Buyers shall reasonably cooperate with each other after
Closing with respect to any property Tax assessment or valuation (or protest in connection therewith) by any Governmental Authority with respect to the Tax periods in which the Closing Date occurs. If either party receives a refund of any property
Taxes paid by the other, the party receiving such refund, whether received in cash, or as a credit against another state and/or local Tax, shall, within thirty (30) days after the receipt of such refund, remit it to the party who paid.

 (g) Tax Returns. Except as provided otherwise in this Agreement: (i) for any Tax period or portion of any Tax
period ending prior to the Closing Date, Sellers shall be responsible for timely filing of all Tax Returns required by applicable Law to be filed, and payment of all Taxes due, levied or imposed, in connection with the Assets, or employees and
independent contractors engaged in operating or maintaining the Assets; (ii) for any Tax period or portion of any Tax period ending on or after the Closing Date, Buyers shall be responsible for the timely filing of all Tax Returns required by
applicable Law to be filed, and payment of all such Taxes due, levied or imposed, in connection with the Assets, or employees and independent contractors engaged in operating or maintaining the Assets; and (iii) control of any legal or
administrative proceedings concerning any such Taxes with respect to the Assets, and entitlement to any refunds or awards concerning any such Taxes with respect to the Assets, shall rest with the party responsible for payment therefor under this
Agreement. 

  
 39 

 (h) Cooperation. With respect to any Taxes related to the Assets, Buyers and Sellers
agree (i) to furnish or cause to be furnished to each other, upon request, as promptly as applicable, such information and assistance as is reasonably necessary for the computation of any such Taxes or the filing of any applicable Tax Return,
the making of any election, or the preparation for or conduct of any audit, examination, or other proceeding by any Governmental Authority, (ii) to furnish each other with copies of any notices from any Governmental Authority that might affect
the liability of the other party for Taxes, (iii) to cooperate with each other in the conduct of any audit, examination, or other proceeding, and (iv) that no compromise or settlement of any item from a Tax audit or proceeding which
potentially affects the other party shall be agreed upon without prior written consent of the other party, such consent not to be unreasonably withheld. 
 (i) Record Retention. Buyers and Sellers shall not (and shall ensure that their respective Affiliates do not) destroy or otherwise dispose of any Tax records acquired, removed, or retained
hereunder for a period of five (5) years following the Closing Date or such longer period as required by applicable regulations, laws, statutes, or court orders. During such five (5) year (or longer) period, each party shall make such
records available to the other party or its authorized representatives for any legitimate purpose that does not unreasonably interfere with the record holder’s business operations. 

(j) Valuations. Subject to Section 2.3, the parties shall reasonably cooperate in determining any taxable values of
any Assets subject to sales and use, gross receipts, Transfer and similar Taxes; provided, however, Buyers shall not take any position with respect to value of the Refining Assets that is contrary to the Purchase Price allocation determined pursuant
to Section 2.3 (b). 
 Section 8.3 Third Party 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 Contract
or Right of Way, or any benefit arising under or resulting from such Contract or Right of Way, 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 Contract or Right of Way, would violate or otherwise is not permitted by Law or any Environmental Law, or would in any way adversely affect
the rights of Sellers or Buyers under or in respect of such Contract or Right of Way. If any transfer or assignment by Sellers to, or any assumption by Buyers or any of their Affiliates of, any interest in, or obligation under, any Contract or Right
of Way, 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 Contract or Right of Way may not be assigned to a
Buyer by reason of the absence of any such Third Person Consent or Authorization, such Buyer shall not be required to assume any obligations arising under such Contract or Right of Way; provided, however, that upon the receipt of any
such Third Person Consent or Authorization after the Closing, such Contract or Right of Way shall be assigned to the applicable Buyer and such Buyer shall assume such Contract or Right of Way. 

  
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 (b) If any such Third Person Consent or Authorization is not obtained prior to the Closing
Date, Sellers shall, to the extent not prohibited by the terms of any applicable Contract or Right of Way or Law or Environmental Law, and until the receipt of such Third Person Consent or Authorization, hold the Contract or Right of Way (as
applicable), subject to such Third Person Consent or Authorization, together with any proceeds therefrom, in trust for Buyers, and Sellers and Buyers shall cooperate (each at its own expense) in any mutually acceptable, lawful and reasonable
arrangement under which Buyers shall obtain, to the extent practicable, the economic rights and benefits under such Contract or Right of Way 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 Sellers and Buyers. During the period from Closing until such Third Person Consent or Authorization
is obtained, Sellers will use commercially reasonable efforts to enforce such Contract or Right of Way (as applicable) for the benefit of Buyers, on the condition that Buyers shall bear all costs and expenses (including legal expenses) related to
such enforcement. If Buyers are able to receive the economic rights and benefits under such Contract or Right of Way, 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 an Assumed Obligation of Buyers, as applicable. Sellers’ obligations under this Section, as they relate to Contracts, shall expire on the second anniversary of the Closing Date. 

Section 8.4 Multi-Site Contracts. Sellers may be a parties to certain contracts to which their Affiliates are also parties,
and which pertain to various other refineries and facilities owned by the Sellers and their Affiliates in addition to the Refinery and the Pipeline (each, a “Multi-Site Contract” and collectively, the “Multi-Site
Contracts”). Buyers acknowledge and agree that Buyers shall not be entitled to become parties thereto after Closing, and it is Sellers’ intention to terminate all Multi-Site Contracts (as they relate to the Refinery and/or Pipeline)
effective on or before Closing. Notwithstanding such termination, Buyers shall be obligated to honor any work releases, purchase commitments or other similar commitments made by Sellers 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 Sellers’ obligations under Section 5.1. To the extent a Multi-Site Contract by its terms is not terminable as to Sellers, Buyers
covenant and agree, to the extent they desires to enter into a contractual relationship with the counterparty to such Multi-Site Contract, to (i) negotiate diligently and in good faith with the counterparty to such Multi-Site Contract in an
effort to enter into a new agreement between such counterparty and the appropriate Buyer as promptly as possible following Closing, and (ii) until such new agreement becomes effective, to the extent Buyers do not incur any detriment or burden
(other than any obligations Buyers may have pursuant to the immediately preceding sentence), honor the terms of the Multi-Site Contract and not make any elective purchases or other elective commitments thereunder. Buyers acknowledge that the terms
and conditions of the Multi-Site Contracts (including rate sheets and other commercial terms and) are confidential and proprietary information of Sellers and their Affiliates, and Buyers shall destroy any such information they may inadvertently
obtain, and shall not use such information for any purpose other than as may be necessary for Buyers to honor any pending work release or other commitment thereunder in accordance with the foregoing provisions of this Section 8.4.
Without limiting any other indemnification obligations under this Agreement, each party shall indemnify, defend and hold harmless the other party against any and all Claims and Losses arising out of the indemnifying party’s breach or
utilization of any Multi-Site Contract after Closing. 

  
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 Section 8.5 Owned and Leased Vehicles. Section 8.5 of the Disclosure
Schedules contains a list of all vehicles currently owned by Sellers and used at the Refinery or exclusively in connection with the Pipeline (“Owned Vehicles”) and all vehicles currently leased by Sellers under fleet leases and used
at the Refinery or exclusively for the Pipeline (“Leased Vehicles”). Prior to Closing, Sellers shall prepare and file the necessary paperwork to transfer title to all Owned Vehicles to the appropriate Buyer, with all transfer taxes,
fees and other costs and expenses associated with such title transfers to be borne by Sellers. In addition, Sellers shall buy the Leased Vehicles out of their current leases and prepare and file the necessary paperwork to transfer title to such
Vehicles to the appropriate Buyer, with all costs and expenses associated therewith to be borne by Sellers, including all buyout payments and title transfer taxes and fees. 
 Section 8.6 Motiva Obligations. For the period from and after the Closing Date Buyers agree to honor and reasonably cooperate in providing the rights granted to Motiva under Sections 11.01 and
11.05 of the Motiva Agreement, and to assume and fully comply with the obligations set forth in Section 11.07 of the Motiva Agreement (contained in the First Amendment to Asset Purchase Agreement dated April 30, 2004) for so long as they
remain applicable. In addition, Buyers acknowledge and agree that the Access Agreement between Motiva Enterprises LLC and Premcor Refining dated April 30, 2004 shall constitute an Assigned Contract and that Buyers shall honor such agreement and
Motiva’s rights thereunder after Closing. Buyer shall indemnify the Seller Indemnitees in accordance with Section 12.3 of this Agreement for any Losses suffered by the Seller Indemnitees as a result of Buyer’s breach of its
obligations under this Section 8.6. 
 Section 8.7 Foreign Trade Zone. The Delaware Economic Development
Office (“DEDO”) and Premcor Refining are parties to a Foreign-Trade Zone Subzone Operations Agreement (“Operations Agreement”) dated October 28, 2004, under which Premcor Refining has operated the Refinery as
Foreign-Trade Zone Subzone # 99E (the “FTZ”). The FTZ is operating under a grant of authority from the Foreign-Trade Zones Board of the Department of Commence (“FTZ Board”), and has been activated with U.S. Customs
and Border Protection (previously the U.S. Customs Service) (“Customs”). Promptly following Closing, Buyer shall (i) notify the FTZ Board that a change in ownership of the Assets 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 Sellers or any Affiliate of Sellers 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 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 Sellers and is used in
connection with the operation of other refineries in addition to the Refinery. Buyer shall be responsible for, and shall indemnify the Seller Indemnitees in accordance with Section 12.3 against, all Losses (including any customs duties,
fees, fines or penalties that may be imposed by Customs or any other Governmental Authority) arising out of any failure Buyers’ failure to comply with their obligations under this Section 8.7. 

  
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 Section 8.8 Hydrocarbon Inventory 

(a) Pipeline Linefill. Title to the Pipeline linefill shall remain with Seller at Closing; however, the appropriate Buyer shall
purchase all such linefill from Seller on the earlier to occur of (i) the date on which Buyer begins producing refined products at the Refinery, (ii) the date on which Buyer desires to use the Pipeline to ship refined products on its own
behalf or on behalf of any third party, or (iii) the one year anniversary of the Closing Date. Assuming that the pipeline linefill is ULSD as contemplated in Section 5.10, the purchase price shall be the [REDACTED] for the day prior
to, the day of, and the day after the date of sale; otherwise, the purchase price shall be a market-based price mutually acceptable to Buyer and Seller, acting reasonably. 
 (b) Refinery Tankage. Premcor Refining has certain rights and obligations with respect to hydrocarbon inventory remaining in some of the Refinery tankage after Closing, as set forth in Exhibit
K. 
 Section 8.9 Retained Parts and Spares At Closing, title to the Retained Parts and Spares shall remain with
Sellers, but Buyers and Sellers agree that the Retained Parts and Spares shall be kept in Buyers’ custody at the Refinery (in the locations where they were stored as of the Execution Date, or such other location(s) as may be reasonably agreed
upon by Sellers). Buyers shall have until the expiration of 90 days from and after the Closing Date within which to inspect the Retained Parts and Spares and notify Sellers in writing of any that either Buyer desires to purchase (“Selected
Parts and Spares”), which notice shall stipulate the fair market value the purchasing Buyer is prepared to pay the applicable Seller for the Selected Parts and Spares. After such offer Seller shall have 20 Business Days to accept or reject
Buyer’s offer. If Seller accepts the offer, upon receipt of the purchase price therefor, the appropriate Seller shall promptly deliver to Buyer a bill of sale conveying the Selected Parts and Spares to Buyer in their then as-is, where-is
condition, with all faults and without any representations, recourse, or warranty of any nature whatsoever, except for a special warranty of title. If Seller rejects Buyer’s offer, any Retained Parts and Spares that do not become Selected Parts
and Spares shall be removed by Sellers by not later than the one year anniversary of the Closing Date, and Buyers shall provide reasonable access to the Sellers and their contractors and carriers, as well as reasonable assistance by Refinery
employees and reasonable use of Refinery equipment, loading docks and other facilities as necessary in connection with such removal. Buyers shall have no liability whatsoever for any loss or damage to the Retained Parts and Spares while in
Buyers’ custody, except to the extent caused by Buyers’ or any of their agents’, employees’ or contractors’ gross negligence or willful misconduct. 
 Section 8.10 Intellectual Property. 
 (a) Grants to Intellectual
Property Owned by Seller. Seller shall grant and hereby does grant to Buyer, effective as of the Closing Date, for use by Buyer solely in the internal operations of the Refinery in a manner substantially similar to the operations prior to
Shutdown, a non-exclusive, irrevocable royalty-free, paid-up license (without a right to 

  
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sublicense or transfer except as expressly provided in this Section 8.10) 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 Shutdown, 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 seeking payment of royalties for the use of, or alleging unauthorized use by Buyer 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 Shutdown. Buyer 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.

 (b) Extension to Buyer of Certain Intellectual Property Granted to Seller by Motiva. To the extent Seller is permitted
to do so under the terms of Section 16.03 of the Motiva Agreement, Seller hereby assigns to Buyer, effective as of and related to the period on and after the Closing Date, for use by Buyer solely in the internal operations of the Refinery in a
manner substantially similar to the operations prior to Shutdown, the license granted to Seller in Section 16.01 of the Motiva Agreement, subject to outstanding obligations to third parties. By executing this Agreement, effective as of and
related to the period on and after the Closing Date, Buyer is assuming all relevant duties and obligations of Seller relating to such license under the applicable provisions of Article XVI of the Motiva Agreement. 

(c) 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 8.10(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. Seller makes no representations or warranties as to the transferability from Buyer to any Person of the license from Motiva to Seller being transferred by Seller
to Buyer pursuant to Section 8.10(b). 
 (d) Process Licenses. Upon Buyer’s written request, 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 Shutdown, 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 Shutdown (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, 

  
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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 on Seller
(other than any which are already Retained Liabilities hereunder), and (ii) pay any accrued and unpaid royalties arising out of Seller’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 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 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 8.10(d) do not apply to software applications,
which are addressed exclusively in Section 8.10(e). 
 (e) Software 

(i) Buyer acknowledges and agrees that Seller shall have no obligation to transfer to Buyer any of the software applications listed in
Section 8.10(e)(i) of the Disclosure Schedules. 
 (ii) Upon Buyer’s request, Seller shall use reasonable efforts to
transfer (or cause its applicable Affiliate to transfer) the software listed in Section 8.10(e)(ii) of the Disclosure Schedules, to the extent used in connection with the operation of the Refinery, the Pipeline or other Assets as currently
operated or as operated immediately prior to the Shutdown, provided that (A) transfer of such software would not prevent continued usage of the software by Sellers or their Affiliates, and (B) the licensor of such software permits a
transfer to the Buyer. If any of such 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, the
Pipeline or other Assets as currently operated or as operated immediately prior to the Shutdown. 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 Sellers and Buyer’s own costs). In addition, effective as of and related to the period on and after the Closing Date, Buyer shall be solely responsible for complying with all Obligations under the licenses for all such software to the
extent assigned or transferred to Buyer pursuant to this Section 8.10(e)(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 software will consent to its transfer to Buyer, 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). 
 (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 8.10(e)(i) or 8.10(e)(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 Assets, shall 

  
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be lawfully entitled to use such software, or (C) any licenses covering such software can be transferred to Buyer or to any other Person. However, to the extent that such software is not
listed in the table set forth in Section 8.10(e)(i) of the Disclosure Schedules (identifying applications that will not be transferred to Buyer), Seller hereby assigns and transfers to Buyer (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. 
 (f) Survival. Seller’s obligations under Section 8.10(d) and Section 8.10(e) shall expire on the second anniversary of the Closing Date. 

Section 8.11 Further Assurances Without limiting Section 5.2, Sellers and Buyers 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. 
 ARTICLE IX. 

CLOSING CONDITIONS 
 Section 9.1 Conditions to Obligations of Each Party Under this Agreement. The respective obligations of Buyers and Sellers 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
shall be duly executed and delivered simultaneously with the Closing (except for any Other Agreements already executed and delivered prior to Closing). 
 (d) The Delaware Department of Natural Resources and Environmental Control (“DNREC”) and the State of Delaware, as applicable, shall have issued one or more Orders in form and substance
mutually acceptable to Sellers and Buyers replacing and superseding in their entirety each of the Orders listed in Exhibit L, or shall have otherwise taken 

  
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steps mutually acceptable to Sellers and Buyers to deem such Orders satisfied, or to modify or otherwise resolve the Obligations under such Orders so as to eliminate any further Obligations
thereunder without impacting any releases of liability or waivers of enforcement contained therein and DNREC and the State of Delaware, as applicable, shall have agreed, effective at the Closing Date, to transfer the Permits, as listed in Schedule A
of the Environmental Agreement, or issue one or more Permits replacing and superseding in their entirety each of the Permits listed in Schedule A of the Environmental Agreement, to Buyers, consistent with the conditions set forth in Exhibit M and in
form and substance acceptable to Buyers (and Sellers, to the extent Sellers are potentially impacted). 
 Section 9.2
Additional Conditions to Seller’s Obligations. The obligations of Sellers 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 Sellers, in whole or in part, to the extent permitted by Law: 
 (a) Each of the representations and warranties of
Buyers 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 Buyers to perform their obligations under this Agreement (other than the first two sentences of Section 4.1 and all
of Section 4.2, for which this exclusion shall not apply) and Sellers shall have received a certificate of an executive officer of each Buyer, dated the Closing Date, to such effect. 

(b) Buyers 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 them on or prior to the Closing Date, and Sellers shall have received a certificate of an executive officer of each Buyer, dated the Closing Date, to such effect. 

(c) All Third Person Consents and all Authorizations specified in Section 4.3(a) and Section 4.3(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 Buyers 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 Buyers, in whole or in part, to the extent permitted by Law: 
 (a) Each of the representations and warranties of Sellers 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 

  
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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 Sellers to perform their obligations under this Agreement (other than the first two sentences of Section 3.1 and all of Section 3.2, for which this exclusion shall not apply), and
Buyers shall have received a certificate of an executive officer of each Seller, dated the Closing Date, to such effect. 
 (b)
Sellers 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 them on or prior to Closing Date, and Buyers shall have received a certificate of an
executive officer of each Seller, dated the Closing Date, to such effect. 
 (c) All Third Person Consents and all
Authorizations specified in Sections 3.3(a) and 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. 

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 Assets (excluding the Refining Assets) is damaged or destroyed by fire or other casualty
for which the associated repair or replacement costs could reasonably be expected to exceed three million Dollars ($3,000,000) (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”), Sellers shall promptly notify Buyers thereof and the remaining portions of this Article X shall apply. If there is a Casualty or Taking of all or any portion
of the Refining Assets, Sellers shall promptly notify Buyers thereof, but the remaining provisions of this Article X shall not apply and such Taking or Casualty shall in no way impact the obligations of Buyers to consummate the transactions
contemplated hereby as to the Assets as they may be impaired or otherwise impacted by such Taking or Casualty, without any reduction whatsoever in the Purchase Price; provided, however, that if any Refining Assets suffer a Casualty or Taking for
which the associated repair or replacement costs exceed $5,000,000, Buyers may elect, by giving Sellers written notice within five Business Days following receipt of Sellers’ notification of such Casualty or Taking or on the day prior to the
Closing Date, whichever comes first, to terminate this Agreement (other than Section 5.4, Section 5.6, 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 Sellers. 

Section 10.2 Repair or Replacement. 
 (a) In the event of a Casualty or Taking between the Execution Date and the Closing Date, Sellers shall elect, at their option, to either (i) repair or replace or make adequate provision for the
repair or replacement of the affected Asset at Sellers’ cost prior to the Closing, in which case Buyers’ obligation to effect the Closing shall not be affected, but the Closing Date 

  
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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 Buyers to reduce the Purchase Price by an amount agreed to by Sellers and Buyers 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, Sellers’ 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 sixty (60) days. 
 (b) If Sellers and Buyers agree on the Repair Costs within fifteen
(15) days of Buyers’ receipt of Sellers’ notice of the Casualty or Taking (the “Repair Negotiation Period”), Buyers’ obligation to effect the Closing shall not be affected, but the Purchase Price shall be reduced
by the Repair Costs so agreed. 
 (c) If Sellers and Buyers 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 Buyers and Sellers to evaluate the affected Assets and deliver to Buyers and Sellers 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 fifty million Dollars ($50,000,000), Buyers’ 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 fifty million Dollars ($50,000,000), Buyers may elect, by
giving Sellers written notice of election within fifteen (15) days of receipt of the Third-Party Estimate, to terminate this Agreement (other than Section 5.4, Section 5.6, 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. 
 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), Buyers 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 Buyers, (a) Buyers shall pay to Sellers all such amounts, up to the amount of such Purchase Price reduction, and (b) Buyers 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 

  
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after the Closing shall be made as follows: (a) an adjustment in favor of Buyers shall be paid in cash by Sellers; and (b) an adjustment in favor of Sellers shall be paid in cash to the
extent the Purchase Price had been reduced pursuant to this ARTICLE X. 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 Sellers 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 Sellers and Buyers; 
 (b) by Sellers upon notice
to Buyers, if any of the conditions in Section 9.1 or Section 9.2 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 Sellers to comply with their obligations under this Agreement); 
 (c) by Buyers upon notice to Sellers, 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 Buyers to
comply with their obligations under this Agreement); or 
 (d) by Sellers or Buyers 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 June 1, 2010 (the “Termination
Date”). 
 Section 11.2 Effect of Termination. Except for this Section 11.2,
Section 5.4, Section 5.6, 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, 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 Sellers, Seller Guarantor, Buyers 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 Sellers, Seller Guarantor, Buyers 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. 

  
 50 

 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 and Section 4.2, which shall
survive for a period of five (5) 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 and Section 4.2, the expiration of such five (5) year
period), (b) 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 (c) the provisions of Section 5.5 and Section 5.6 shall survive the Closing without limit as to time. 
 Section 12.2 Indemnification Provisions for Benefit of Buyers. 
 (a)
If the Closing occurs, Sellers 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 Sellers 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 Sellers contained in this Agreement (other than with respect to those
covenants specifically covered by clauses (iii) and (iv) below, respectively); 
 (iii) the Retained
Liabilities; and 
 (iv) those matters for which Sellers have specifically covenanted to provide indemnification
in Section 7.1 of the Disclosure Schedules and Section 8.4. 
 No claim may be asserted nor may any action be commenced against
Sellers pursuant to this Section 12.2(a) unless written notice of such claim or action is received by Sellers 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 Buyers against Sellers arising out of or related to a breach of any representation or warranty of 

  
 51 

 
which Buyers had Knowledge on or prior to the Closing Date and for which Buyers failed to deliver a Breach Notice in accordance with Section 5.3. 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 Sellers 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 Sellers 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 Sellers 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 $42,500,000, after which point Sellers 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 Sellers
pursuant to Section 6.1.1(a) and (b) in the Environmental Agreement. In addition, Sellers 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 Sellers under ARTICLE III that Buyers had Knowledge of such breach on or prior to the Closing Date and failed to provide a Breach Notice in accordance with Section 5.3. For the avoidance of doubt, any
Losses to be paid by Sellers pursuant to Section 12.2(a)(iii) and Section 12.2(a)(iv) are not subject to this Section 12.2(b). 
 (c) Except for the rights of indemnification provided in Section 12.2(a), Buyers hereby waive and release any Claim or cause of action by Law or otherwise against Sellers and their Affiliates
regarding obligations and liabilities of any nature whatsoever that are attributable to the Business, the Assets, or Sellers and their Affiliates. 
 Section 12.3 Indemnification Provisions for Benefit of Sellers. 
 (a)
If the Closing occurs, Buyers agree 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 Buyers 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 Buyers contained in this Agreement (other than with respect to those
covenants specifically covered by clauses (iii) and (iv) below, respectively); 

  
 52 

 (iii) the Assumed Obligations; and 

(iv) those matters for which Buyers have specifically covenanted to provide indemnification in Section 5.2(f),
Section 5.4(a), Section 7.1 of the Disclosure Schedules, Section 8.4, Section 8.6, Section 8.7 and Section 8.10. 
 No claim may be asserted nor may any action be commenced against Buyers pursuant to this Section 12.3(a) unless written notice of such claim or action is received by Buyers 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). 
 (b) No claim may be made against Buyers 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 Buyers 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 Buyers 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 $42,500,000,
after which point Buyers 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 Buyers pursuant to Section 6.2.1(a) in the
Environmental Agreement. For the avoidance of doubt, any Losses to be paid by Buyers pursuant to Section 12.3(a)(iii) and Section 12.3(a)(iv) 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), Sellers hereby waive and release any Claims or
causes of action by Law or otherwise against Buyers or their Affiliates regarding obligations and liabilities of any nature whatsoever that are attributable to the Assets or the Business. 

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 

  
 53 

 
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. 
 (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. 

  
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 Section 12.6 Limitations on Liability. 

(a) BUYERS ACKNOWLEDGE AND AGREE 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 5.5 AND SECTION 5.6, 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) SELLERS ACKNOWLEDGE AND AGREE
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. 

(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 

  
 55 

 
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 C. 

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 Sellers:
	  	 THE PREMCOR REFINING GROUP INC.
 THE PREMCOR PIPELINE CO.
 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

  
 56 

			
	 If to Buyers:
	  	 Delaware City Refining Company LLC
 Delaware Pipeline Company LLC
 One Sound Shore Drive, Suite 303

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

Facsimile: 203-629-7090

 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. 

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 Buyers and Sellers, 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 Sellers or their
Affiliates in connection with this Agreement and the transactions contemplated hereby shall be paid by Sellers, and all costs and expenses incurred by Buyers or their Affiliates in connection with this Agreement and the transactions contemplated
hereby shall be paid by Buyers. 
 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 

  
 57 

 
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 XII. 

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
Sellers in the Disclosure Schedules pursuant to any Section of this Agreement shall be deemed to have been disclosed by Sellers 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] 

  
 58 

 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. 
  

					
		 	THE PREMCOR REFINING GROUP INC.
			
	

	 	By:	 	 /s/ S. Eugene Edwards

		 	Name:	 	 S. Eugene Edwards

		 	Title:	 	 Executive Vice President

		
		 	THE PREMCOR PIPELINE CO.
			
	

	 	By:	 	 /s/ S. Eugene Edwards

	 	Name:	 	 S. Eugene Edwards

		 	Title:	 	 Executive Vice President

		
		 	DELAWARE CITY REFINING COMPANY LLC
			
		 	By:	 	 /s/ Donald Lucey

		 	Name:	 	 Donald Lucey

		 	Title:	 	 Sr. V.P.

		
		 	DELAWARE PIPELINE COMPANY LLC
			
		 	By:	 	 /s/ Donald Lucey

		 	Name:	 	 Donald Lucey

		 	Title:	 	 Sr. V.P.

 [Signature Page to Delaware City Asset Purchase Agreement] 

 AMENDMENT NUMBER ONE 

TO ASSET PURCHASE AGREEMENT 
 This Amendment Number One to Asset Purchase Agreement (this “Amendment”) is made and entered into effective as of             ,
2010 by and among THE PREMCOR REFINING GROUP INC., a Delaware corporation (“Premcor Refining”), THE PREMCOR PIPELINE CO., a Delaware corporation (“Premcor Pipeline”), DELAWARE CITY REFINING COMPANY
LLC, a Delaware limited liability company (“Delaware City Refining”), and DELAWARE PIPELINE COMPANY LLC a Delaware limited liability company (“Delaware Pipeline”). Premcor Refining and Premcor Pipeline
are herein collectively referred to as the “Sellers”. Delaware City Refining and Delaware Pipeline are herein collectively referred to as the “Buyers.” 

RECITALS 
  

	A.	Sellers and Buyers are parties to that certain Asset Purchase Agreement entered into as of April 7, 2010 (the “APA”), concerning the sale of the
Assets (as defined therein) from Sellers to Buyers. 

  

	B.	Sellers and Buyers desire to amend the APA in certain respects. 

 AGREEMENTS 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Incorporation of Recitals; Defined
Terms. The above recitals are incorporated herein for all purposes. Capitalized terms that are used, but not defined, herein shall have the meanings ascribed to them in the APA. 

2. Definitions. Section 1.1 of the APA is amended as follows: 

a. A new definition for “Interim Environmental Services Agreement” is hereby added, reading as follows:

 “Interim Environmental Services Agreement” means the Interim Environmental Services Agreement
to be entered into by and between Premcor Refining and Delaware City Refining on the Closing Date, in the form attached hereto as Exhibit N. 
 b. The definition of “Other Agreements” is hereby deleted in its entirety and replaced with the following: 

“Other Agreements” means the Terminalling Agreement, the Environmental Agreement, the Transition Services
Agreement and the Interim Environmental Services Agreement. 

  
 1 

 3. Closing Deliveries. Section 2.5(b)(ii) of the APA is hereby deleted in
its entirety and replaced with the following: 
 “(ii) [Intentionally Omitted]” 

4. Exhibits. 
 a. The following Exhibits to the APA are hereby deleted in their entirety and replaced with the correspondingly lettered and titled exhibits to this Amendment: 

Exhibit F – Transition Services Agreement 

Exhibit J – Terminalling Agreement 

b. A new Exhibit N is hereby added to the APA in the form attached as Exhibit N to this Amendment. 

c. The Parties’ correlative rights and obligations with respect to certain tanks are addressed under the heading
“Group 3” in Exhibit K, which is amended as follows: 
 (1) Prior to Closing, Seller will, at
Seller’s expense, sample and test the hydrocarbons contained in tanks 001, 002, 003, 004, 006, 007, 009, 011 and 012 to determine their composition. Seller will share the results of the testing with Buyer. From the time of such sampling until
Closing, Seller will not alter the composition of the hydrocarbons in such tanks. 
 (2) Any such tanks that the
parties mutually agree, acting reasonably, contain hydrocarbons suitable to serve as sweet crude heels, will be placed in a static state (defined below) until such time as Valero is ready to commence the de-inventory, de-gassing and removal of all
bottoms in accordance with the provisions of Exhibit K. By “static state” the Parties mean that no hydrocarbons will be added to or removed from such tanks; provided, however, that (i) Seller will continue draining excess water from
tank 001, and (ii) emergency or safety situations may also necessitate hydrocarbon movements. Buyer shall retain the right to acquire the hydrocarbons in these tanks (other than Surplus Hydrocarbons) in accordance with Exhibit K, except that
the price for any such hydrocarbons purchased by Buyer shall be a mutually agreed market-based price (to be negotiated in good faith between the parties and based on market quotes for the material in the applicable tanks) minus the $2.00 discount
and BS&W as stated in this Exhibit K. 

  
 2 

 (3) With respect to any tanks containing hydrocarbons that the Parties
reasonably agree are unsuitable to serve as sweet crude heels, Seller will take commercially reasonable steps to expedite the de-inventory, de-gas and removal of bottoms from these tanks, at Seller’s sole expense (except for the normal business
hour services that PBF has agreed to provide under Exhibit K). These steps to be taken by Seller include using additional crews and resources to facilitate the tank cleaning activities during off-business hours, where reasonably possible. The
de-inventory, de-gas and bottoms removal process for these tanks will take priority over the process for tanks with suitable sweet crude heels, and Seller will endeavor to complete such process within 75 days after Closing, assuming the affected
tanks are agreed upon by the Parties within one week after their receipt of the results of the sampling referenced in part (1) of this Section 4.c, and subject to matters outside Seller’s reasonable control. 

5. Disclosure Schedules. 
 a. The following two Contracts are hereby deleted from Item 1 in Section 3.5(a) of the Disclosure Schedules: 

(1) T-1 Service Agreement with Eastern Shore Natural Gas Company dated November 1, 1997 and bearing Contract
No. 040002; and 
 (2) FT Service Agreement with Eastern Shore Natural Gas Company dated November 1,
2009 and bearing Contract No. 010087. 
 b. Item 15 in Section 3.5(a) of the Disclosure Schedules
(PO No. 4501381966 issued to Harbison-Walker Refractories Co.) is hereby deleted in its entirety. 
 c. A
new Item 15 is hereby added in Section 3.5(a) of the Disclosure Schedules, reading as follows: 

“15. Curtailable Reserve Capacity Agreement, dated November 6, 1984, between Getty Refining and Marketing
Company and Delmarva Power & Light Company, for lease of a T-3 transformer.” 
 6. Incomplete Equipment.
Section 5.10 of the APA is amended as follows: 
 a. Buyer has offered to pay, and Seller has agreed to
accept, as an adjustment to the Purchase Price, the sum of $302,540.25 for the 

  
 3 

 
Incomplete Equipment, and in furtherance thereof, the Parties agree that Seller shall notify Perry Products to complete the manufacturing of the equipment covered by Purchase Order Nos.
4501759311, 4501745936, 4501745938, 4501792884, 4501758315, and 4501791994 and deliver all such equipment to the Refinery. Seller shall be solely responsible for payment of all invoices issued against such purchase orders. All of the goods purchased
under such purchase orders shall constitute part of the Assets. Buyer shall not request any change orders or extras under the purchase orders without Seller’s prior written consent, which will not be unreasonably withheld, conditioned or
delayed so long as Buyer bears all cost, risk and expense associated therewith. 
 b. The Parties acknowledge
that the equipment ordered under Purchase Order No. 4501721407 has been delivered to the Refinery. 
 7.
Ratification. Except as hereby amended, the APA is hereby ratified and affirmed and remains in full force and effect in accordance with its terms. 
 8. 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. Signed counterparts of this Amendment 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. 
 [ Signatures of the Parties
on Next Page ] 

  
 4 

 IN WITNESS WHEREOF, this Amendment has been executed by duly authorized officers of each of
the parties hereto, to be effective as of the date first set forth above. 
  

							
		 		 	THE PREMCOR REFINING GROUP INC.
				
		 	 APPROVED
 LEGAL
	 	By:	 	 /s/ S. Eugene Edwards

		 	 	Name:	 	 S. Eugene Edwards

		 	 	Title:	 	 Executive Vice President

			
		 		 	THE PREMCOR PIPELINE CO.
				
		 	 APPROVED
 LEGAL
	 	By:	 	 /s/ S. Eugene Edwards

		 	 	Name:	 	 S. Eugene Edwards

		 	 	Title:	 	 Executive Vice President

			
		 		 	DELAWARE CITY REFINING COMPANY LLC
				
		 		 	By:	 	 /s/ Matthew Lucey

		 		 	Name:	 	 Matthew Lucey

		 		 	Title:	 	 VP, Finance

			
		 		 	DELAWARE PIPELINE COMPANY LLC
				
		 		 	By:	 	 /s/ Matthew Lucey

		 		 	Name:	 	 Matthew Lucey

		 		 	Title:	 	 VP, Finance

 [ Signature Page to Amendment Number One to Asset Purchase Agreement ] 

 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 ASSET PURCHASE AGREEMENT 
 AMONG 

THE PREMCOR REFINING GROUP INC., 
 THE PREMCOR PIPELINE CO., 
 DELAWARE CITY REFINING COMPANY LLC

 AND 
 DELAWARE PIPELINE COMPANY LLC 
 DATED AS OF APRIL 7, 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 Asset Purchase Agreement among The Premcor Refining Group Inc., The Premcor Pipeline Co., Delaware City Refining Company LLC and Delaware Pipeline Company LLC dated April 7, 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. 
 Any matter disclosed in this Schedule under any particular
reference to a section of the Agreement is deemed to be disclosed under all other sections of the 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. 

  
 1 

 SELLERS’ DISCLOSURE SCHEDULES 

 

			
	 Section
	  	 Description

	 1.1(a)
	  	Refinery Land
	 1.1(b)
	  	Refining Assets
	 1.1(c)
	  	Tangible Property Stored Offsite
	 1.1(d)
	  	Certain Permitted Liens
	 2.1(c)
	  	Rights of Way
	 2.2(f)
	  	Retained Parts and Spares
	 2.5(a)(i)
	  	Wire Transfer Instructions
	 2.7(c)
	  	Retained Litigation
	 3.3(a)
	  	Seller Third Person Consents
	 3.3(b)
	  	Seller Governmental Approvals
	 3.4(b)
	  	Pipeline Right-of Way Matters
	 3.4(d)
	  	Real Property Lease Matters
	 3.4(e)
	  	Material Fixed Assets — Terminal and Pipeline
	 3.5(a)
	  	Material Contracts
	 3.5(b)
	  	Excluded Contracts
	 3.6
	  	Authorizations
	 3.7
	  	Compliance with Law
	 3.8
	  	Litigation
	 3.9
	  	Insurance
	 3.11
	  	Seller Plans
	 3.12
	  	Collective Bargaining Agreement Memoranda and Letters of Understanding
	 3.13
	  	Intellectual Property
	 5.1
	  	Operation of Business
	 5.10
	  	Certain Equipment on Order
	 7.1
	  	Employee Matters
	 8.5
	  	Vehicles
	 8.10(e)(i)
	  	Excluded Software Applications
	 8.10(e)(ii)
	  	Included Software Applications
	
	BUYERS’ DISCLOSURE SCHEDULES
		
	 Schedule
	  	 Description

	 4.3(a)
	  	Buyer Third Person Consents
	 4.3(b)
	  	Buyer Governmental Approvals

  
 iv 

 Section 1.1 (a)

Refinery Land 

Description Parcel 1 
 ALL that
certain piece, parcel or tract located on the southerly side of Wrangle Hill Road (Road No. 461), Red Lion Hundred, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line Surveys Inc., dated May 14,1998 and more
particularly described as follows: 
 BEGINNING for the same at a point on the southeasterly side of Wrangle Hill Road, said point being a
corner for Lands N/F Charles B. Stapleford and distant North 81 degrees 10 minutes 50 seconds East, 348.12 feet measured along the southeasterly side of Wrangle Hill Road from the intersection with the northeasterly side of U.S. Rt. 13 (DuPont
Parkway) (at 150 feet wide) 
 THENCE, from said point of beginning and continuing along the southwesterly side of Wrangle Hill Road the
following courses and distances: 

	1.	South 82 degrees 54 minutes 39 seconds East, 91.21 feet to a DelDOT R/W Monument; 

	2.	North 81 degrees 10 minutes 50 seconds East, 342.03 feet to a DelDOT R/W Monument; 

	3.	North 54 degrees 36 minutes 57 seconds East, 56.61 feet to a DelDOT R/W Monument; 

	4.	North 81 degrees 39 minutes 24 seconds East, 229.63 feet to a point; 

	5.	By a curve to the right having a radius of 5694.58 feet, an arc distance of 322.19 feet (chord bearing North 82 degrees 45 minutes 15 seconds East, 322.15 feet) to a
point; 

	6.	North 84 degrees 22 minutes 30 seconds East, 2131.44 feet to a point; 

	7.	By a curve to the right having a radius of 2256.83 feet, an arc distance of 306.14 feet (chord bearing North 88 degrees 15 minutes 40 seconds East, 305.91 feet) to a
point; 

	8.	South 87 degrees 51 minutes 10 seconds East, 3159.97 feet to a point; 

	9.	By a curve to the left having a radius of 1944.86 feet, an arc distance of 293.52 feet (chord bearing North 87 degrees 49 minutes 25 seconds East, 293.24 feet) to a
point; 

	10.	North 83 degrees 30 minutes 00 seconds East, 513.30 feet to a point, and; 

	11.	South 33 degrees 39 minutes 50 seconds East, 45.52 feet to a point on the northwesterly side of St. Georges — Clarks Corner Road. 

THENCE, thereby, South 29 degrees 15 minutes 37 seconds West, 731.75 feet to a point; 
 THENCE, South 60 degrees 44 minutes 23 seconds East, 37.62 feet to a point in the centerline of the said St. Georges — Clarks Corner Road; 
 THENCE by said centerline, North 29 degrees 18 minutes 40 seconds East, 800.42 feet to a point on the said southeasterly side of Wrangle Hill Road; 

THENCE along the said southeasterly side of Wrangle Hill Road, the fifteen following described courses and distances: 

	1.	Crossing a portion of the St. Georges — Clarks Corner Road, South 60 degrees 41 minutes 20 seconds East, 15.26 feet to a point; 

	2.	North 56 degrees 22 minutes 25 seconds East, 42.32 feet to a point; 

  
 2 

	3.	North 83 degrees 30 minutes 22 seconds East, 482.27 feet to a point; 

	4.	Northeasterly by a curve to the left having a radius of 24,030.50 feet, an arc distance of 200.27 feet to a point of tangency for said curve, chord bearing North 83
degrees 16 minutes 03 seconds East, 200.27 feet; 

	5.	North 83 degrees 01 minute 43 seconds East, 400.03 feet to a point; 

	6.	Northeasterly by a curve to the right having a radius of 23,970.31 feet, an arc distance of 199.77 feet (chord bearing North 83 degrees 16 minutes 03 seconds East,
199.77 feet) to a point of tangency for said curve, 

	7.	North 83 degrees 30 minutes 22 seconds East, 449.98 feet to a point; 

	8.	North 85 degrees 45 minutes 13 seconds East, 255.01 feet to a point of curvature; 

	9.	Northeasterly by a curve to the left having a radius of 3859.72 feet, an arc distance of 197.23 feet (chord bearing North 82 degrees 02 minutes 32 seconds East, 197.21
feet) to a point, 

	10.	North 77 degrees 20 minutes 57 seconds East, 310.64 feet to a point; 

	11.	North 75 degrees 57 minutes 48 seconds East, 718.63 feet to a point; 

	12.	Northeasterly by a curve to the right having a radius of 1,110.92 feet, an arc distance of 418.42 feet (chord bearing North 86 degrees 45 minutes 12 seconds East,
415.95 feet) to a point of tangency for said curve, 

	13.	South 82 degrees 27 minutes 22 seconds East, 446.47 feet to a point; 

	14.	South 07 degrees 32 minutes 38 seconds West, 5.00 feet to a point; 

	15.	Southeasterly by a curve to the right having a radius of 1,522.62 feet, an arc distance of 255.60 feet (chord bearing South 77 degrees 38 minutes 49 seconds East,
255.60 feet) to a point a corner for lands now or formerly of William F. Ziegler; 

 THENCE along said lands now or formerly of
William F. Ziegler, the three following described courses and distances: 

	1.	South 19 degrees 50 minutes 00 seconds West, 80.20 feet to a point; 

	2.	South 70 degrees 10 minutes 00 seconds East, 100.00 feet to a point; 

	3.	North 19 degrees 50 minutes 00 seconds East, 81.56 feet to a point on the said southwesterly side of Wrangle Hill Road. 

THENCE along the said southwesterly side of Wrangle Hill Road, the nine following described courses and distances: 

	1.	Southeasterly by a curve to the right having a radius of 1,522.62 feet, an arc distance of 156.60 feet (chord bearing South 66 degrees 07 minutes 40 seconds East,
156.53 feet) to a point of tangency for said curve; 

	2.	South 63 degrees 58 minutes 13 seconds East, 363.17 feet to a point; 

	3.	South 63 degrees 10 minutes 53 seconds East, 110.78 feet to a point; 

	4.	Southeasterly by a curve to the right having a radius of 3964.91 feet, an arc distance of 216.75 feet (chord bearing South 61 degrees 36 minutes 55 seconds East, 216.72
feet) to a point of tangency for said curve; 

	5.	South 60 degrees 02 minutes 57 seconds East, l,335.20 feet to a point; 

	6.	Southeasterly by a curve to the left having a radius of 1334.99 feet, an arc distance of 174.98 feet (chord bearing South 63 degrees 48 minutes 15 seconds East, 174.86
feet) to a point of tangency for said curve; 

	7.	South 67 degrees 33 minutes 33 seconds East, 1,252.61 feet to a point; 

	8.	South 68 degrees 06 minutes 19 seconds East, 63.56 feet to a point; 

	9.	South 68 degrees 39 minutes 05 seconds East, 17.51 feet to a point; 

  
 3 

 THENCE, leaving Wrangle Hill Road and along the north drain South 15 degrees 02 minutes 10 seconds West,
2766.75 feet to a point in line of Snow Estates, said point being in the center of Dragon Run Creek, 
 THENCE, along the said centerline of
Dragon Run Creek, the eight following described courses and distances: 

	1.	North 63 degrees 05 minutes 10 seconds West, 309.50 feet, more or less, to a point; 

	2.	North 44 degrees 05 minutes 40 seconds West, 131.50 feet, more or less, to a point; 

	3.	North 73 degrees 13 minutes 00 seconds West 88.83 feet, more or less, to a point; 

	4.	South 88 degrees 33 minutes 30 seconds West, 539.63 feet, more or less, to a point; 

	5.	North 83 degrees 47 minutes 20 seconds West, 203.60 feet, more or less, to a point; 

	6.	South 85 degrees 32 minutes 20 seconds West, 1,370.40 feet, more or less, to a point; 

	7.	North 82 degrees 14 minutes 30 seconds West, 671.90 feet, more or less, to a point; and 

	8.	North 83 degrees 08 minutes 00 seconds West, 410.50 feet, more or less, to a point. 

 THENCE leaving said Dragon Run Creek, and continuing along said lines of lands now or formerly of Snow Estates, the six following described courses and distances: 

	1.	South 16 degrees 49 minutes 20 seconds West, 775.00 feet to a point; 

	2.	South 12 degrees 49 minutes 20 seconds West, 272.25 feet to a point; 

	3.	South 30 degrees 49 minutes 20 seconds West, 165.00 feet to a point; 

	4.	South 18 degrees 10 minutes 40 seconds East, 511.50 feet to a point; 

	5.	South 30 degrees 38 minutes 10 seconds East, 267.10 feet to a point; 

	6.	South 18 degrees 02 minutes 10 seconds East, 699.23 feet to a point, a corner for lands now or formerly of Joseph R. Fisher. 

THENCE along said line of lands now or formerly of Joseph R. Fisher, and lands now or formerly of Wallace W. Newcomb, South 76 degrees 45 minutes 30
seconds West, 471.21 feet to a point; 
 THENCE continuing along the said line of lands now or formerly of Wallace W. Newcomb, South 02 degrees
43 minutes 30 seconds East, 295.22 feet, more or less to a point on the northwesterly side of the Cox Neck Road, also known as Bird’s Corner Road (Road No. 411); 
 THENCE along the said northwesterly side of Cox Neck Road, South 88 degrees 32 minutes 46 seconds West, 1232.04 feet to a point, a corner for lands now or formerly of St. Paul’s Church of Delaware
City; 
 THENCE along the northeasterly line of said lands of St. Paul’s Church of Delaware City, North 01 degrees 25 minutes 54 seconds
West, 206.69 feet to a point; 
 THENCE along the northwesterly line of said lands now or formerly of St. Paul’s Church of Delaware City,
and the northwesterly line of lands now or formerly of Margaret Townsend, et al., and the northwesterly line of lands now or formerly of George H. Bennett, South 87 degrees 30 minutes 56 seconds West, 442.00 feet to a point, a corner for lands now
or formerly of the Colonial School District; 

  
 4 

 THENCE along said lands now or formerly of the Colonial School District, the three following described
courses and distances: 

	1.	North 02 degrees 38 minutes 16 seconds West, 2936.39 feet to a point in the centerline of said Dragon Run Creek; 

	2.	Southwesterly along the various meanderings of the said centerline of said Dragon Run Creek, 2936.39 feet, more or less to a point, said point being distant by a tie
line of South 71 degrees 56 minutes 10 seconds West 2,440.24 feet from the last described point; and 

	3.	South 04 degrees 29 minutes 00 seconds East, 855.05 feet to a point, a corner for lands now or formerly of Bird Partnership; 

THENCE along the northeasterly lines of said lands now or formerly of Bird Partnership, the two following described courses and distances: 

	1.	North 75 degrees 26 minutes 56 seconds West, 824.25 feet to a point; 

	2.	Crossing the said St. Georges — Clarks Corner Road (Road No. 378), North 67 degrees 34 minutes 49 seconds West, 3033.32 feet to a point, a corner for lands
now or formerly of William O. and Elmer D. Saienni; 

 THENCE along lines of said lands now or formerly of William O. and Elmer D.
Saienni, the three following described courses and distances: 

	1.	North 76 degrees 23 minutes 13 seconds West, 1,380.35 feet to a point; 

	2.	South 51 degrees 59 minutes 26 seconds West, 1,123.00 feet to a point; and 

	3.	South 82 degrees 35 minutes 14 seconds West, 285.01 feet to a point on the said northwesterly side of the DuPont Parkway, (U.S. Route 13); 

THENCE, thereby, North 11 degrees 13 minutes 05 seconds West, 166.01 feet to a point, in the said centerline of Dragon Run Creek; 

THENCE along the said centerline of Dragon Run Creek, the eleven following described courses and distances: 

	1.	North 56 degrees 38 minutes 14 seconds East, 17.00 feet to a point; 

	2.	North 00 degrees 43 minutes 46 seconds West, 77.10 feet to a point; 

	3.	North 48 degrees 50 minutes 14 seconds East, 63.64 feet to a point; 

	4.	North 40 degrees 00 minutes 14 seconds East, 129.00 feet to a point; 

	5.	North 42 degrees 56 minutes 14 seconds East, 97.00 feet to a point; 

	6.	North 48 degrees 47 minutes 14 seconds East, 118.00 feet to a point; 

	7.	North 27 degrees 53 minutes 14 seconds East, 98.00 feet to a point; 

	8.	North 47 degrees 13 minutes 14 seconds East, 37.00 feet to a point; 

	9.	North 63 degrees 51 minutes 14 seconds East, 388.00 feet to a point; 

	10.	North 46 degrees 30 minutes 14 seconds East, 137.00 feet to a point; 

	11.	North 42 degrees 54 minutes 40 seconds East, 317.26 feet to a point; 

 THENCE leaving the said centerline of Dragon Run Creek, and continuing along the lines of said lands now or formerly of Ruth L. Donovan, the two following described courses and distances: 

	1.	North 54 degrees 56 minutes 56 seconds West, 553.65 feet to a point; 

	2.	South 77 degrees 18 minutes 24 seconds West, 824.78 feet to a point on the said northeasterly side of the DuPont Parkway, U.S. Route 13; 

  
 5 

 THENCE, thereby, North 11 degrees 12 minutes 15 seconds West, 1,498.74 feet to a point, a corner for lands
now or formerly of the Diamond State Telephone Company; 
 THENCE along the southeasterly line of said lands now or formerly of the Diamond
State Telephone Company, North 81 degrees 10 minutes 50 seconds East, 348.12 feet to a point; 
 THENCE along the northeasterly line of said
lands now or formerly of the Diamond State Telephone Company, and the northeasterly line of said lands now or formerly of Charles C. Stapleford, Sr., North 11 degrees 12 minutes 15 seconds West 1001.88 feet to a point on said southeasterly side of
Wrangle Hill Road and the point and place of Beginning. 
 [Parcel 2 Description Begins on Following Page] 

  
 6 

 Description Parcel 2 
 ALL that certain piece, parcel or tract of Land located on the northerly side of Wrangle Hill Road (Delaware Rt. 72), Red Lion Hundred, New Castle County, Delaware, as shown on the Boundary Survey
prepared by Dixie Line Surveys Inc., dated May 14, 1998 and more particularly described as follows: 
 BEGINNING for the same at a point,
said point being formed by the intersection of the northerly side of Wrangle Hill Road with the easterly side of School House Road; 
 THENCE,
from said point of Beginning and along the easterly side of School House Road, North 04 degrees 26 minutes 35 seconds West, 249.55 feet to a corner for Lands N/F Eastern Shore Natural Gas Co.; 

THENCE, thereby, the following 3 courses and distances: 

	1.	North 85 degrees 33 minutes 25 seconds East, 475.00 feet to a point; 

	2.	North 04 degrees 26 minutes 35 seconds West, 250.00 feet to a point; and 

	3.	South 85 degrees 33 minutes 25 seconds West, 475.00 feet to a point on the easterly side of School House Road; 

THENCE, thereby, the following 2 courses and distances: 

	1.	North 04 degrees 26 minutes 35 seconds West, 1698.67 feet to a point; and 

	2.	North 05 degrees 28 minutes 05 seconds West, 1560.82 feet to a point on the southerly side of Conrail-Newark to Delaware City Branch (60 feet wide).

 THENCE, thereby, the following 2 courses and distances: 

	1.	North 82 degrees 44 minutes 10 seconds East, 3663.51 feet to a point and 

	2.	By a curve to the right having a radius of 22,888.33 feet, an arc distance of 644.30 feet (chord bearing North 83 degrees 32 minutes 47 seconds East, 647.28 feet) to a
point on the westerly side of River Road (Delaware Route 9); 

 THENCE, thereby, the following 5 courses and distances:

	1.	South 03 degrees 19 minutes 23 seconds East, 3958.66 feet to a point; 

	2.	South 00 degrees 27 minutes 38 seconds East, 100.12 feet to a point 

	3.	South 02 degrees 23 minutes 15 seconds West, 100.50 feet to a point; 

	4.	South 03 degrees 19 minutes 23 seconds East, 107.55 feet to a point; and 

	5.	South 38 degrees 41 minutes 19 seconds West, 74.59 feet to a point on the northerly side of Wrangle Hill Road; 

THENCE, thereby, the following 5 courses and distances: 

	1.	South 83 degrees 33 minutes 37 seconds West, 29.38 feet to a point; 

	2.	South 75 degrees 47 minutes 50 seconds West, 75.36 feet to a point; 

	3.	South 83 degrees 30 minutes 00 seconds West, 434.95 feet to a point; 

	4.	By a curve to the right having a radius of 1874.86 feet, an arc distance of 282.96 feet (chord bearing South 87 degrees 49 minutes 25 seconds West, 282.69 feet) to a
point; and 

	5.	North 87 degrees 51 minutes 10 seconds West, 1540.76 feet to a corner for Lands N/F Cordox Corp.; 

THENCE, thereby, the following 3 courses and distances: 

	1.	North 00 degrees 00 minutes 00 seconds West, 403.16 feet to a point; 

  
 7 

	2.	South 00 degrees 00 minutes 00 seconds West, 462.77 feet to a point; and 

	3.	South 00 degrees 07 minutes 50 seconds East, 385.84 feet to a point on the northerly side of Wrangle Hill Road; 

THENCE, thereby, the following 2 courses and distances: 

	1.	North 87 degrees 51 minutes 10 seconds West, 1157.00 feet to a point; and 

	2.	By a curve to the left having a radius of 2326.83 feet, an arc distance of 169.35 feet (chord bearing North 89 degrees 56 minutes 13 seconds West, 169.31 feet) to the
point and place of Beginning. 

 [Parcel 3A Description Begins on Following Page] 

  
 8 

 Description Parcel 3A 
 ALL that certain piece, parcel or tract of land located on the northeasterly side of Delaware Rt. 9, Delaware City, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line
Surveys Inc., dated May 20, 1998 and more particularly described as follows: 
 BEGINNING at a point on the northeasterly side of Wrangle
Hill Road (Delaware Route No. 9) (at 70 feet wide), said point being on the Corporate Boundary Line Dividing Delaware City from Red Lion Hundred; 
 THENCE from the said point of Beginning, leaving said Wrangle Hill Road and along the said Corporate Boundary dividing Delaware City from Red Lion Hundred, the eight following described courses and
distances: 

	1.	North 10 degrees 06 minutes 00 seconds West, 66.76 feet to a point; 

	2.	North 56 degrees 14 minutes 10 seconds East, 436.83 feet to a point; 

	3.	North 56 degrees 24 minutes 30 seconds East, 1,064.70 feet to a point; 

	4.	North 82 degrees 54 minutes 30 seconds East, 1,056.00 feet to a point; 

	5.	North 57 degrees 08 minutes 40 seconds East, 329.60 feet to appoint; 

	6.	North 55 degrees 23 minutes 00 seconds East, 706.11 feet to a point; 

	7.	South 62 degrees 38 minutes 25 seconds East, 256.39 feet to a point; 

	8.	North 47 degrees 30 minutes 00 seconds East, 1,823.6 feet more or less to a point on the low water line of the Delaware River as established by Deed from the State of
Delaware, dated June 23, 1955 and recorded in Deed Record K, Volume 56, Page 579. 

 THENCE along the said low water line of
the Delaware River, the three following described courses and distances: 

	1.	South 45 degrees 00 minutes 00 seconds East, 4,357.60 feet, more or less to a point; 

	2.	North 43 degrees 00 minutes 00 seconds East, 29.71 feet, more or less to a point; 

	3.	South 49 degrees 22 minutes 00 seconds East, 118.29 feet, more or less to a point; 

 THENCE continuing along the said low water line and lands now or formerly of Wilson Excursion Lines, Inc., South 40 degrees 38 minutes 00 seconds West, 370.00 feet, more or less, to a point on the
northeasterly side of Delaware Street (at 50 feet wide); 
 THENCE along the said northeasterly side of Delaware Street, North 49 degrees 22
minutes 00 seconds West, 130.00 feet to a point on the northwesterly side of Washington Street; 
 THENCE along the said northwesterly side of
Washington Street South 40 degrees 36 minutes 10 seconds West, 361.06 feet to a point, a corner for lands now or formerly of Edward Dowell; 

THENCE with lands N/F Edward Dowell the following 3 courses and distances: 

	1.	By a curve to the right having a radius of 2930.93 feet, an arc distance of 170.66 feet (cord bearing South 74 degrees 26 minutes 25 seconds West, 170.63 feet) to a
point; 

	2.	By a curve to the right having a radius of 1976.00 feet, an arc distance of 183.32 feet (chord bearing South 78 degrees 45 minutes 58 seconds West, 183.25 feet) to a
point; and 

	3.	North 40 degrees 36 minutes 10 seconds East, 24.62 feet to a point on the southerly side of Adams Street; 

  
 9 

 THENCE by a curve to the right having a radius of 1960.00 feet, an arc distance of 289.19 feet (chord
bearing South 85 degrees 06 minutes 22 seconds West, 288.93 feet) to a point on the easterly side of Front Street; 
 THENCE, thereby North 49
degrees 22 minutes 20 seconds West, 87.14 feet to a point on the southerly side of Jefferson Street; 
 THENCE, thereby, North 40 degrees 36
minutes 10 seconds East, 56.82 feet to a point; 
 THENCE by a curve to the right having a radius of 1860.00 feet, an arc distance of 189.68
feet (chord bearing North 86 degrees 52 minutes 59 seconds West, 189.60 feet) to a point; 
 THENCE by a curve to the right having a radius of
1382.00 feet, an arc distance of 2.54 feet (chord bearing North 83 degrees 54 minutes 32 seconds West, 2.54 feet) to a point; 
 THENCE, South
49 degrees 22 minutes 20 seconds East, 92.41 feet to a point; 
 THENCE, South 40 degrees 36 minutes 10 seconds West, 60.00 feet to a point;

 THENCE North 49 degrees 22 minutes 20 seconds West, 100.00 feet to a point; 
 THENCE, North 40 degrees 36 minutes 10 seconds East, 54.84 feet to a point; 
 THENCE, by a curve
to the right having a radius of 1382.00 feet, an arc distance of 9.64 feet (chord bearing North 83 degrees 16 minutes 55 seconds West, 9.64 feet) to a point; 
 THENCE, South 40 degrees 36 minutes 10 seconds West, 275.25 feet, to a point on the easterly side of William Street; 
 THENCE, thereby, North 49 degrees 22 minutes 40 seconds West, 99.97 feet to a point on the southerly side of Madison Street; 
 THENCE, thereby, North 40 degrees 36 minutes 10 seconds East, 214.53 feet to a point; 
 THENCE, by
a curve to the left having a radius of 1382.00 feet, an arc distance of 62.24 feet (South 79 degrees 31 minutes 21 seconds East, 62.23 feet) to a point; 
 THENCE, North 49 degrees 22 minutes 20 seconds West, 113.82 feet to a point; 
 THENCE, South 40
degrees 36 minutes 10 seconds West, 245.80 feet to a point on the easterly side of William Street; 
 THENCE, thereby, North 49 degrees 22
minutes 40 seconds West, 242.40 feet to a point; 
 THENCE, South 34 degrees 36 minutes 30 seconds West, 59.14 feet to a point; 

THENCE, North 49 degrees 22 minutes 40 seconds West, 220.00 feet to a point; 
 THENCE, South 40 degrees 37 minutes 20 seconds West, 60.90 feet to a point; 
 THENCE, South 49
degrees 22 minutes 40 seconds East, 190.00 feet to a point on the northerly side of Monroe Street; 

  
 10 

 THENCE, thereby South 40 degrees 37 minutes 20 seconds West, 277.29 feet to a corner for lands N/F Solomon
Smith; 
 THENCE, thereby the following 3 courses and distances: 

	1.	North 49 degrees 22 minutes 40 seconds West, 190.00 feet to a point; 

	2.	South 40 degrees 37 minutes 20 seconds West, 280.00 feet to a point; and 

	3.	South 49 degrees 22 minutes 40 seconds East, 190.00 feet to a point on the northerly side of Monroe Street; 

THENCE, thereby, South 40 degrees 37 minutes 20 seconds West, 321.90 feet to a corner for Lands N/F Mary B. Smith; 

THENCE, thereby, the following 2 courses and distances: 

	1.	North 49 degrees 22 minutes 40 seconds West, 190.00 feet, and 

	2.	South 40 degrees 37 minutes 20 seconds West, 461.60 feet to a point in line of Lands N/F Amelgo Rossiline; 

THENCE, thereby, the following 2 courses and distances: 

	1.	North 49 degrees 22 minutes 40 seconds West, 126.00 feet to a point; and 

	2.	South 33 degrees 51 minutes 20 seconds West, 60.42 feet to a corner for Lands N/F Edward M. Polag; 

THENCE, thereby, the following 2 courses and distances: 

	1.	North 49 degrees 22 minutes 40 seconds West, 183.00 feet to a point; and 

	2.	South 33 degrees 51 minutes 20 seconds West, 460.24 feet to a point on the northerly side of Del. Rt 9; 

THENCE, thereby, the following 7 courses and distances: 

	1.	North 68 degrees 23 minutes 39 seconds West, 549.57 feet to a point; 

	2.	North 30 degrees 24 minutes 51 seconds East, 100.00 feet to a point; 

	3.	North 67 degrees 56 minutes 49 seconds West, 84.00 feet to a point; 

	4.	South 29 degrees 24 minutes 25 seconds West, 64.28 feet to a point; 

	5.	North 68 degrees 39 minutes 05 seconds West, 19.08 feet to a point; 

	6.	North 68 degrees 06 minutes 19 seconds West, 62.23 feet to a point; 

	7.	North 67 degrees 33 minutes 33 seconds West, 266.22 feet to a corner for Lands N/F City of Delaware City; 

THENCE, thereby, the following 3 courses and distances: 

	1.	North 22 degrees 28 minutes 30 seconds East, 499.77 feet to a point; 

	2.	North 67 degrees 31 minutes 30 seconds West, 500.00 feet to a point; and 

	3.	South 22 degrees 28 minutes 30 seconds West, 500.07 feet to a point on the northerly side of Del. Rt. 9; 

THENCE, thereby, the following 8 courses and distances: 

	1.	North 67 degrees 33 minutes 33 seconds West, 496.39 feet to a point; 

	2.	By a curve to the left having a radius of 1264.99 feet, an arc distance of 165.81 feet (chord bearing North 63 degrees 48 minutes 15 seconds West, 165.69 feet) to a
point; 

	3.	North 60 degrees 02 minutes 57 seconds West, 1335.20 feet to a point; 

	4.	By a curve to the left having a radius of 4034.91 feet, an arc distance of 220.58 feet (chord bearing North 61 degrees 36 minutes 55 seconds West, 220.55 feet) to a
point; 

  
 11 

	5.	North 60 degrees 35 minutes 49 seconds West, 110.89 feet to a point; 

	6.	North 63 degrees 10 minutes 53 seconds West, 363.14 feet to a point; 

	7.	By a curve to the left having a radius of 1602.62 feet an are distance of 539.14 feet (chord bearing North 72 degrees 49 minutes 08 seconds West, 536.60 feet) to a
point; and 

	8.	North 82 degrees 27 minutes 23 seconds West, 110.31 feet to the point and place of Beginning. 

 The foregoing includes, without limitation, the following lands and premises: 
 ALL that certain
tract, piece or parcel of land situate in Delaware City, New Castle County and State of Delaware, and more particularly described in accordance with a survey of VanDemark & Lynch, Inc., Civil Engineers and Surveyors of Wilmington, Delaware
dated March 28, 1960, as follows, to wit: 
 BEGINNING at a point on the northwesterly side of Washington Street (100 feet wide), said
point of beginning being distant South 40 degrees 36 minutes 10 seconds West, 92.81 feet measured along the said northwesterly side of Washington Street from the intersection thereof with the northeasterly side of Delaware Street, formerly called
Harbor Street, (50 feet wide); 
 thence from said point of beginning and along the said northwesterly side of Washington Street South 40
degrees 36 minutes 10 seconds West, 37.66 feet to a point; thence along the tines of lands of Star Enterprise the five following described courses and distances, (1) southwesterly along a curve to the right having a radius of 2814.93 feet an
arc distance of 359.28 feet to a point of compound curvature, said point being distant by a chord South 72 degrees 27 minutes 07 seconds West, 359.03 feet from the last described point; (2) southwesterly along a curve to the right having a
radius of 1860.0 feet an arc distance of 404.20 feet to a point, said point being distant by a chord South 82 degrees 20 minutes 02 seconds West, 403.41 feet from the last described point; (3) North 49 degrees 23 minutes 50 seconds West, 69.95
feet to a point, said point being in the extension of the center line of Jefferson Street (60 feet wide) and being distant North 40 degrees 36 minutes 10 seconds East, 121.80 feet measured along the extension of the said center line of Jefferson
Street from the intersection thereof with the center line of Front Street (60 feet wide); (4) along the said extension of the center line of Jefferson Street North 40 degrees 36 minutes 10 seconds East, 643.67 feet to a point; and
(5) South 49 degrees 23 minutes 50 seconds East, 527.92 feet to a point in the said northwesterly side of Washington Street and the point and place of BEGINNING. 
 EXCEPTING THEREOUT AND THEREFROM ALL that certain lot, piece or parcel or tract of land known as Motiva Property for Parking Lot, Delaware City by virtue of a Quitclaim Deed between Motiva Enterprises
LLC, a Delaware limited liability company and The City of Delaware City, a municipal corporation of the State of Delaware, dated March 15, 2001 and recorded in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware,
in Instrument No. 20010719-0057702. 
 [Parcel 3B Description Begins on Following Page] 

  
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 Description Parcel 3B 
 ALL that certain tract, piece or parcel of land situate at Wrangle Hill Road, Delaware Route No. 9, and River Road (Delaware Route No. 9) Delaware City, Red Lion Hundred, New Castle County,
Delaware, as shown on the Boundary Survey prepared by Dixie Line Surveys Inc., dated May 20, 1998 and more particularly described as follows: 
 BEGINNING at a point on the northeasterly side of River Road (Delaware Route No. 9) said point being the northwesterly end of a corner cut-off joining the said northeasterly side of River Road with
the northwesterly side of Wrangle Hill Road (Delaware Route No. 9); 
 THENCE from the said point of beginning and along the said
northeasterly side of River Road, the five following described courses and distances: 

	1.	North 03 degrees 19 minutes 23 seconds West, 14.87 feet to a point; 

	2.	North 09 degrees 02 minutes 01 seconds West, 100.50 feet to a point; 

	3.	North 03 degrees 19 minutes 23 seconds West, 100.00 feet to a point; 

	4.	North 09 degrees 02 minutes 01 seconds West, 100.50 feet to a point; 

	5.	North 03 degrees 19 minutes 23 seconds West, 3961.39 feet to a point on the southeasterly side of a 60 foot wide right of way for Conrail — Newark to Delaware City
Branch; 

 THENCE, along the southeasterly side of a 60 foot wide right of way for Conrail, by a curve to the right having a
radius of 22,888.33 feet, an arc distance of 2857.08 feet (chord bearing North 88 degrees 06 minutes 01 seconds East, 2855.23 feet) to a point; 

THENCE crossing the said 60 foot wide right of way for Conrail, North 01 degrees 40 minutes 35 seconds East, 60.00 feet to a point; 

THENCE along the northwesterly side of the 60 foot wide right of way for Conrail, southwesterly by a curve to the left having a radius of 22,948.33 feet,
an arc distance of 2,862.32 feet (chord bearing South 88 degrees 06 minutes 11 seconds West, 2860.46 feet), more or less to a point on the said northeasterly side of River Road; 
 THENCE along the said right of way for River Road, the eight following described courses and distances: 

	1.	North 03 degrees 19 minutes 23 seconds West, 778.45 feet to a point; 

	2.	North 05 degrees 12 minutes 27 seconds East, 101.12 feet to a point; 

	3.	North 03 degrees 19 minutes 23 seconds West, 100.00 feet to a point; 

	4.	North 19 degrees 48 minutes 30 seconds West, 51.55 feet to a point; 

	5.	Northerly along a curve to the right having a radius of 2,829.79 feet to a point, an arc distance of 209.36 feet (chord bearing North 00 minutes 16 minutes 33 seconds
West, 209.31 feet) to a point of tangency for said curve; 

	6.	North 01 degrees 50 minutes 37 seconds East, 268.96 feet to a point; 

	7.	South 88 degrees 09 minutes 23 seconds East, 35.00 feet to a point; 

	8.	North 01 degrees 50 minutes 37 seconds East, 85.00 feet to a point, a corner for lands now or formerly of Ethel Corporation; 

THENCE along lines of said land now or formerly of Ethel Corporation, the four following described courses and distances: 

	1.	South 88 degrees 09 minutes 23 seconds East, 80.00 feet to a point; 

  
 13 

	2.	North 01 degrees 50 minutes 37 seconds East, 140.00 feet to a point; 

	3.	South 88 degrees 09 minutes 23 seconds East, 480.00 feet to a point; 

	4.	North 01 degrees 50 minutes 37 seconds East, 234.56 feet to a point on the line of lands now or formerly of Diamond Alkali Company; 

THENCE along lines of said lands now or formerly of Diamond Alkali Company, the three following described courses and distances: 

	1.	North 90 degrees 00 minutes 00 seconds East, (Due East) 1,703.01 feet, more or less to a point; 

	2.	North 00 degrees 00 minutes 00 seconds West, (Due North) 1,225.17 feet, more or less to a point; and 

	3.	North 90 degrees 00 minutes 00 seconds East (Due East) 3,630.00 feet, more or less to a point on low water line of the Delaware River; 

THENCE by the various meanderings of the said low water line of the Delaware River, southeasterly and southwesterly 2,360.00 feet, more or less to a
point, said point being distant by a tie line of South 28 degrees 07 minutes 59 seconds West, 1,389.12 feet, more or less to a point; 
 THENCE
crossing an affluent channel, South 30 degrees 57 minutes 50 seconds East, 116.62 feet, more or less to a point on the said low water line of the Delaware River; 
 THENCE, southeasterly and southwesterly along the various meanderings of the said low water line of the Delaware River, 4,930.00 feet, more or less to a point said point being distant by a tie line of
South 37 degrees 03 minutes 09 seconds East, 3,452.02 feet, more or less from the last described point; 
 THENCE crossing an intake channel,
South 52 degrees 30 minutes 53 seconds East, 460.01 feet to a point on the said low water line for the Delaware River; 
 THENCE along the said
lower water line of the Delaware River as established by Deed from the State of Delaware, dated June 23, 1955 and recorded in Deed Record K, Volume 56, Page 579, the three following described courses and distances: 

	1.	North 79 degrees 01 minutes 00 seconds East, 173.00 feet, more or less to a point; 

	2.	North 90 degrees 00 minutes 00 seconds East, (Due East) 947.01 feet, more or less to a point; and 

	3.	South 45 degrees 00 minutes 00 seconds East, 43.08 feet, more or less to a point on the corporate boundary Line dividing Delaware City from Red Lion Hundred;

 THENCE by said corporate boundary line the eight following described courses and distances: 

	1.	South 47 degrees 30 minutes 00 seconds West, 1,823.60 feet to a point 

	2.	North 62 degrees 38 minutes 25 seconds West, 256.39 feet to a point; 

	3.	South 55 degrees 23 minutes 00 seconds West, 706.11 feet to a point; 

	4.	South 57 degrees 08 minutes 40 seconds West, 329.60 feet to a point; 

	5.	South 82 degrees 54 minutes 30 seconds West, 1,056.00 feet to a point; 

	6.	South 56 degrees 24 minutes 30 seconds West, 1,064.70 feet to a point; 

	7.	South 56 degrees 14 minutes 10 seconds West, 436.83 feet to a point; and 

	8.	South 10 degrees 06 minutes 00 seconds East, 66.76 feet to a point on the northeasterly side of Wrangle Hill Road (Delaware Route No. 9); 

  
 14 

 THENCE along the northeasterly and northwesterly sides of said Wrangle Hill Road (Delaware Route
No. 9), the ten following described courses and distances: 

	1.	North 82 degrees 27 minutes 23 seconds West, 336.16 feet to a point of curvature; 

	2.	Southwesterly by a curve to the left having a radius of 1,180.92 feet, an arc distance of 444.79 feet (chord bearing South 86 degrees 45 minutes 13 seconds West, 442.17
feet) to a point of tangency for said curve; 

	3.	South 75 degrees 57 minutes 48 seconds West, 924.59 feet to a point; 

	4.	South 85 degrees 56 minutes 00 seconds West, 99.66 feet to a point; 

	5.	South 83 degrees 30 minutes 22 seconds West, 704.79 feet to a point; 

	6.	South 80 degrees 24 minutes 34 seconds West, 200.56 feet to a point; 

	7.	South 83 degrees 01 minutes 43 seconds West, 400.03 feet to a point of curvature; 

	8.	Southwesterly by a curve to the right having a radius of 23,970.51 feet, an arc distance of 199.77 feet (chord bearing South 83 degrees 16 minutes 03 seconds West,
199.77 feet) to a point of tangency for said curve; 

	9.	South 83 degrees, 30 minutes 22 seconds West, 395,32 feet to a point; and 

	10.	North 06 degrees 30 minutes 00 seconds West, 5.00 feet to a point on the southeasterly end of a said corner cut-off joining the northwesterly side of Wrangle Hill Road
(Delaware Route No. 9) with the northeasterly side of River Road (Delaware Route No. 9); 

 THENCE by said corner
cut-off, North 48 degrees 20 minutes 24 seconds West, 68.88 feet to the point and place of Beginning. 
 [Parcel 4A
Description Begins on Following Page] 

  
 15 

 Description Parcel 4A 
 ALL that certain piece, parcel or tract of land located on the east side of Delaware Route 1 and on the westerly side of Delaware Route 9, Red Lion Hundred and New Castle Hundred, New Castle, Delaware, as
shown on the Boundary Survey prepared by Dixie Line Surveys Inc., dated May 20, 1998 and more particularly described as follows: 

BEGINNING for the same at a point said point being formed by the intersection of the easterly side U.S. Route 13 (150 feet wide) and the northerly side
of a 60 foot wide right-of-way for Conrail — Newark to Delaware City Branch; 
 THENCE, from the said point of Beginning and along the
northeasterly side of U.S. Route 13, North 11 degrees 35 minutes 50 seconds West, 289.44 feet to a point on the easterly side of Delaware Route 1; 
 THENCE, thereby, the following 36 courses and distances: 

	1.	By a curve to the right having a radius of 5579.58 feet, an arc distance of 357.66 feet (chord bearing North 19 degrees 37 minutes 47 seconds East, 357.60 feet) to a
point; 

	2.	North 21 degrees 31 minutes 05 seconds East, 1503.99 feet to a point; 

	3.	North 22 degrees 58 minutes 27 seconds East, 787.07 feet to a point; 

	4.	South 77 degrees 36 minutes 18 seconds East, 143.37 feet to a point; 

	5.	By a curve to the right having a radius of 670.00 feet an arc distance of 444.98 feet (chord bearing South 55 degrees 14 minutes 34 seconds East, 436.85 feet) to a
point; 

	6.	South 36 degrees 12 minutes 59 seconds East, 361.07 feet to a point; 

	7.	By a curve to the left having a radius of 29.05 feet, an arc distance of 30.42 feet (chord bearing South 37 degrees 13 minutes 06 seconds East, 29.05 feet) to a point;

	8.	South 25 degrees 20 minutes 23 seconds East, 1.45 feet to a point; 

	9.	By a curve to the left having a radius of 265.00 feet, an arc distance of 176.47 feet (chord bearing South 44 degrees 24 minutes 54 seconds East, 173.23 feet) to a
point; 

	10.	By a curve to the left having a radius of 830.00 feet an arc distance of 341.70 feet (chord bearing South 62 degrees 05 minutes 27 seconds East, 339.29 feet) to a
point; 

	11.	South 86 degrees 18 minutes 26 seconds East, 209.19 feet to a point; 

	12.	North 16 minutes 06 minutes 57 seconds East, 70.00 feet to a point; 

	13.	North 61 degrees 27 minutes 44 seconds West, 209.19 feet to a point; 

	14.	North 55 degrees 03 minutes 02 seconds West, 432.59 feet to a point; 

	15.	North 36 degrees 15 minutes 21 seconds West, 360.92 feet to a point; 

	16.	By a curve to the left having a radius of 830.00 feet, an arc distance of 445.91 feet (North 51 degrees 16 minutes 39 seconds West, 440.56 feet) to a point;

	17.	North 21 degrees 47 minutes 32 seconds West, 63.59 feet to a point; 

	18.	North 15 degrees 41 minutes 59 seconds East, 462.99 feet to a point; 

	19.	By a curve to the right having a radius of 4513.63 feet, an arc distance of 455.77 feet (chord bearing North 18 degrees 37 minutes 25 seconds East, 455.57 feet) to a
point; 

	20.	North 21 degrees 31 minutes 05 seconds East, 271.39 feet to a point; 

	21.	By a curve to the right having a radius of 230.00 feet, an arc distance of 373.86 feet (chord bearing North 68 degrees 03 minutes 39 seconds East, 334.04 feet) to a
point; 

	22.	South 74 degrees 20 minutes 21 seconds East, 192.49 feet to a point; 

	23.	North 24 degrees 37 minutes 37 seconds East, 80.00 feet to a point; 

	24.	North 56 degrees 24 minutes 25 seconds West, 192.49 feet to a point; 

  
 16 

	25.	By a curve to the left having a radius of 370.00 feet, an arc distance of 118.63 feet (chord bearing North 74 degrees 33 minutes 34 seconds West, 118.12 feet) to a
point; 

	26.	North 65 degrees 25 minutes 07 seconds West, 204.11 feet to a point; 

	27.	North 24 degrees 30 minutes 46 seconds East, 286.98 feet to a point; 

	28.	North 23 degrees 03 minutes 08 seconds East, 605.33 feet to a point; 

	29.	North 22 degrees 02 minutes 20 seconds East, 266.87 feet to a point; 

	30.	North 52 minutes 49 seconds 00 seconds West, 50.83 feet to a point; 

	31.	North 31 degrees 01 minutes 07 seconds East, 218.45 feet to a point; 

	32.	North 24 degrees 55 minutes 15 seconds East, 148.88 feet to a point; 

	33.	North 44 degrees 28 minutes 45 seconds East, 51.38 feet to a point; 

	34.	South 84 degrees 27 minutes 06 seconds East, 27.00 feet to a point; 

	35.	By a curve to the right having a radius of 11309.16 feet, an arc distance of 460.19 feet (chord bearing North 29 degrees 18 minutes 24 seconds East, 460.19 feet) to a
point; 

	36.	North 30 degrees 28 minutes 21 seconds East, 556.94 feet to a corner for lands N/F Sara Wagner; 

 THENCE, thereby, the following 8 courses and distances: 

	1.	South 59 degrees 32 minutes 29 seconds East, 424.59 feet to a point; 

	2.	South 30 degrees 22 minutes 30 seconds West, 868.03 feet to a point; 

	3.	South 84 degrees 30 minutes 50 seconds East, 1387.88 feet to a point; 

	4.	North 66 degrees 59 minutes 10 seconds East, 975 feet more or less to a point in the center of a Branch for the Red Lion Creek; 

	5.	By the various meanderings of said branch for 2500 feet more or less to a point, said point being distant by a tie line of North 03 degrees 12 minutes 33 seconds West,
1646.79 feet to a point; 

	6.	North 55 degrees 43 minutes 40 seconds East, 16.30 feet to a point; 

	7.	South 80 degrees 01 minutes 20 seconds West, 1511.43 feet to a point; and 

	8.	North 15 degrees 00 minutes 00 seconds West, 157.65 feet to a point on the easterly side of Delaware Route 1; 

THENCE, thereby, the following 11 courses and distances: 

	1.	By a curve to the right having a radius of 1240.00 feet, an arc distance of 490.00 feet (chord bearing North 61 degrees 36 minutes 57 seconds East, 486.82 feet) to a
point; 

	2.	North 72 degrees 56 minutes 09 seconds East, 404.88 feet to a point; 

	3.	By a curve to the left having a radius of 1460.00 feet, an arc distance of 949.37 feet (chord bearing North 54 degrees 18 minutes 28 seconds East, 932,74 feet) to a
point; 

	4.	North 38 degrees 53 minutes 44 seconds East, 107.85 feet to a point; 

	5.	By a curve to the left having a radius of 1470.00 feet, an arc distance of 708,92 feet (chord bearing North 17 degrees 39 minutes 46 seconds East, 702.07 feet) to a
point; 

	6.	North 07 degrees 01 minutes 21 seconds East, 189.74 feet to a point; 

	7.	By a curve to the right having a radius of 100.00 feet, an arc distance of 43.01 feet (chord bearing North 19 degrees 20 minutes 41 seconds East, 42.68 feet) to a
point; 

	8.	North 31 degrees 40 minutes 00 seconds East, 469.67 feet to a point; 

	9.	By a curve to the left having a radius of 390.00 feet, an arc distance of 153.96 feet (chord bearing North 42 degrees 58 minutes 38 seconds East, 152.96 feet) to a
point; 

	10.	North 19 degrees 26 minutes 14 seconds East, 141.62 feet to a point; and 

  
 17 

	11.	North 31 degrees 40 minutes 00 seconds East, 646.29 feet to a point on the southerly side of Route 381; 

THENCE, thereby, the following 3 courses and distances: 

	1.	South 58 degrees 20 minutes 00 seconds East, 595.61 feet to a point; 

	2.	North 31 degrees 40 minutes 00 seconds East, 49.76 feet to a point; 

	3.	South 58 degrees 18 minutes 00 seconds East, 322.51 feet to a corner for lands N/F Randall H. Clowes, ET UX; 

THENCE, thereby, the following 5 courses and distances: 

	1.	South 31 degrees 42 minutes 00 seconds West, 19.40 feet to a point; 

	2.	South 31 degrees 39 minutes 00 seconds West, 170.02 feet to a point; 

	3.	South 58 degrees 21 minutes 00 seconds East, 224.99 feet to a point; 

	4.	North 01 degrees 18 minutes 00 seconds East, 197.32 feet to a point; 

	5.	North 31 degrees 42 minutes 00 seconds East, 19.03 feet to a point in the center of Road 381; 

 THENCE, thereby the following 2 courses and distances: 

	1.	South 58 degrees 18 minutes 00 seconds East, 16.05 feet to a point; and 

	2.	South 58 degrees 16 minutes 51 seconds East, 1175.34 feet to a point; 

 THENCE, leaving said center line South 31 degrees 43 minutes 10 seconds West, 27.07 feet to a point on the southerly side of Road 381; 
 THENCE, thereby, the following 3 courses and distances: 

	1.	South 58 degrees 25 minutes 23 seconds East, 98.56 feet to a point; 

	2.	By a curve to the left having a radius of 637.30 feet, an arc distance of 65.03 feet (chord bearing South 61 degrees 20 minutes 47 seconds East, 65.00 feet) to a point,
and; 

	3.	South 28 degrees 11 minutes 42 seconds East, 115.49 feet to a point on the easterly side of Delaware Route 9; 

THENCE, thereby, the following 12 courses and distances: 

	1.	By a curve to the left having a radius of 1086.74 feet, an arc distance of 312,59 feet (chord bearing South 01 degrees 13 minutes 42 seconds West, 311.53 feet) to a
point; 

	2.	North 82 degrees 59 minutes 17 seconds East, 10.00 feet to a point; 

	3.	By a curve to the left having radius of 1076.74 feet, an arc distance of 16.18 feet (chord bearing South 07 degrees 26 minutes 33 seconds East, 16.18 feet) to a point;

	4.	South 07 degrees 52 minutes 23 seconds East, 570.18 feet; 

	5.	By a curve to the right having a radius of 22953.32 feet, an arc distance of 547.50 feet (chord bearing South 08 degrees 33 minutes 23 seconds East, 547.49 feet), to a
point; 

	6.	South 09 degrees 14 minutes 23 seconds East, 1285.06 feet to a point; 

	7.	By a curve to the right having a radius of 2829.79 feet, an arc distance of 547.40 feet (chord bearing South 03 degrees 41 minutes 53 seconds East, 546.54 feet) to a
point; 

	8.	South 01 degrees 50 minutes 37 seconds West, 126.77 feet to a point; 

	9.	North 88 degrees 09 minutes 23 seconds West, 15.00 feet to a point; 

	10.	South 01 degrees 50 minutes 37 seconds West, 200,00 feet to a point; 

	11.	North 88 degrees 09 minutes 23 seconds West, 30.00 feet to a point, and 

	12.	South 01 degrees 50 minutes 37 seconds West, 183.60 feet to a point in line of lands N/F Diamond Alkali Company, 

  
 18 

 THENCE, thereby, the following 2 courses and distances: 

	1.	North 82 degrees 07 minutes 20 seconds West, 931.58 feet to a point; and 

	2.	North 74 degrees 07 minutes 30 seconds West, 602.00 feet to a point; 

 THENCE, continuing along lands of Diamond Alkali Company and lands N/F Standard Chlorine of Delaware, Inc. South 25 degrees 16 minutes 40 seconds West, 1812.58 feet to a point; 

THENCE, continuing along lands N/F Standard Chlorine of Delaware, Inc. and lands N/F Air Products and Chemicals, Inc., South 20 degrees 54 minutes 30
seconds West, 1210.00 feet to a point on the northerly side of Governor Lea Road (Road 405); 
 THENCE, thereby, the following 2 courses and
distances: 

	1.	South 78 degrees 05 minutes 40 seconds East, 55.40 feet to a point, and 

	2.	South 86 degrees 34 minutes 10 seconds East, 482.45 feet to a corner for parcel 4B; 

 THENCE, thereby, South 00 degrees 00 minutes 00 seconds East, 2349.78 feet to a point on the northerly side of a 60 foot wide right-of-way for Conrail-Newark to Delaware City Branch; 

THENCE, South 82 degrees 44 minutes 10 seconds West, 2105.31 feet to a corner for lands N/F Wilmington Suburban Water Company; 

THENCE, thereby, the following 3 courses and distances: 

	1.	North 13 degrees 25 minutes 50 seconds East, 106.89 feet to a point; 

	2.	South 82 degrees 44 minutes 10 seconds West, 156.95 feet to a point, and; 

	3.	South 35 degrees 41 minutes 30 seconds East, 113.70 feet to a point on the northerly side of a 60 foot right-of-way for Conrail — Newark to Delaware City Branch;

 THENCE, thereby, the following 3 courses and distances: 

	1.	South 82 degrees 44 minutes 10 seconds West, 1733.00 feet to a point; 

	2.	By a curve to the right having a radius of 22,920.00 feet, an arc distance of 728.94 feet (chord bearing South 83 degrees 38 minutes 50 seconds West, 728.91 feet) to a
point, and; 

	3.	By a curve to the right having a radius of 22890.00 feet, an arc distance of 1611.50 feet (chord bearing South 86 degrees 33 minutes 29 seconds West, 1611.17 feet) to
the point and place of Beginning. 

 [Parcel 4B Description Begins on Following Page] 

  
 19 

 Description Parcel 4B 

(A)    ALL that certain piece, parcel, or tract of land, located on the westerly side of Delaware, Route 9, Red Lion
Hundred, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line Surveys Inc., dated May 20, 1998 and more particularly described as follows: 
 BEGINNING at a point on the northwesterly side on River Road (Delaware Route No. 9) (at 70 feet wide) said point being the southeasterly end of a corner cut-off joining the northwesterly side of the
River Road with the southwesterly side of Governor Lea Road (Road No. 405) at 30 feet wide); 
 THENCE from the said point of Beginning and
along the said northwesterly and southwesterly sides of said River Road, the six following described courses and distances: 

	1.	South 01 degrees 50 minutes 37 seconds West, 292.76 feet to a point; 

	2.	North 88 degrees 09 minutes 23 seconds West, 5.00 feet to a point; 

	3.	South 01 degrees 50 minutes 37 seconds West, 20.00 feet to a point; 

	4.	South 88 degrees 09 minutes 23 seconds East, 5.00 feet to a point; 

	5.	South 01 degrees 19 minutes 59 seconds West, 296.97 feet to a point; and 

	6.	South 03 degrees 19 minutes 23 seconds East, 6.72 feet, more or less to a point, a corner for lands now or formerly of Delmarva Power and Light Company;

 THENCE, along lines of said lands now or formerly of Delmarva Power and Light Company, the fourteen following described courses
and distances: 

	1.	South 90 degrees 00 minutes 00 seconds West (Due West) 1622.66 feet to a point; 

	2.	South 00 degrees 00 minutes 00 seconds East, (Due South) 106.48 feet to a point; 

	3.	South 30 degrees 15 minutes 23 seconds East, 138.92 feet to a point; 

	4.	South 00 degrees 00 minutes 00 seconds East, (Due South) 148.52 feet to a point; 

	5.	North 90 degrees 00 minutes 00 seconds East, (Due East) 80.00 feet to a point; 

	6.	South 00 degrees 00 minutes 00 seconds East, (Due South) 235.00 feet to a point; 

	7.	North 90 degrees 00 minutes 00 seconds East, (Due East) 225.00 feet to a point; 

	8.	North 00 degrees 00 minutes 00 seconds East, (Due North) 183.00 feet to a point; 

	9.	North 90 degrees 00 minutes 00 seconds East, (Due East) 205.00 feet to a point; 

	10.	South 00 degrees 00 minutes 00 seconds East, (Due South) 378.00 feet to a point; 

	11.	South 90 degrees 00 minutes 00 seconds West, (Due West) 20.00 feet to a point; 

	12.	South 00 degrees 00 minutes 00 seconds East, (Due South) 48.00 feet to a point; 

	13.	North 90 degrees 00 minutes 00 seconds East, (Due East) 187.00 feet to a point; 

	14.	South 00 degrees 00 minutes 00 seconds East, (Due South) 233.32 feet to a point on the southwesterly side of 60 foot wide right-of-way for Conrail-Newark to Delaware
City Branch; 

 THENCE, thereby, South 82 degrees 44 minutes 10 seconds West, 1247.29 feet to a point, a corner for Parcel
No. 4A; 
 THENCE along the easterly line of said Parcel No. 4A, South 00 degrees 00 minutes 00 seconds East, 2349.78 feet to a point
on the southerly side of said Governor Lea Road (at 30 feet wide); 
 THENCE along the said southerly side of Governor Lea Road, South 86
degrees 34 minutes 10 seconds East, 491.16 feet to a corner for lands N/F Standard Chlorine of Delaware, Inc.; 

  
 20 

 THENCE leaving said Governor Lea Road and along lines of said lands now or formerly of Standard Chlorine,
the three following described courses and distances: 

	1.	South 00 degrees 00 minutes 00 seconds East, (Due South) 945.40 feet to a point; 

	2.	North 90 degrees 00 minutes 00 seconds East, (Due East) 1127.70 feet to a point; and 

	3.	North 00 degrees 00 minutes 00 seconds East, (Due North) 877.80 feet to a point on the said southerly side of Governor Lea Road; 

THENCE, thereby, South 86 degrees 34 minutes 09 seconds East 464.19 feet to a point on the northwesterly end of the said corner cut-off joining the said
southwesterly side of Governor Lea Road with the northwesterly side of River Road (Delaware Route 9); 
 THENCE by said corner cut-off, South 42
degrees 12 minutes 53 seconds East, 71.86 feet to the point and place of Beginning. 
 (B)    ALL that
certain tract, piece or parcel of land situated on the westerly side of River Road (Delaware No. 9) and the southerly side of Governor Lea Road (Road No. 405), Red Lion Hundred, New Castle County, Delaware, and shown on Sheet 3 of 5 on a survey
prepared by Van Demark & Lynch, Inc., Engineers, Planners and Surveyors, Wilmington, Delaware, Plan No. 33015-F and entitled “Record Minor Land Development Plan, Star Enterprise Repowering Project,” recorded in the Office of
the Recorder of Deeds, in and for New Castle County, State of Delaware, in Microfilm No. 13506, and more particularly described as follows, to wit: 
 BEGINNING at a point on the line of lands now or formerly of Star Enterprise, said point being distant the two following described courses and distances measured from the northwesterly end of a corner-cut
joining the westerly right-of-way line of River Road (Delaware Route 9 at 70 feet wide) with the southerly right-of-way line of Governor Lea Road (Road No. 405 at 45 feet wide): 

	1.	Along the said southerly right-of-way line of Governor Lea Road, North 86 degrees 34 minutes 35 seconds West 471.13 feet to a corner for lands now or formerly of
Standard Chlorine of Delaware, Inc. and 

	2.	Leaving the said side of Governor Lea Road and along the common line for said lands now or formerly of Star Enterprise and the said lands now or formerly of Standard
Chlorine of Delaware, Inc., South 00 degrees 00 minutes 25 seconds East, 476.49 feet to the said point of Beginning. 

 THENCE,
from said point of Beginning and continuing along the said common lines the two following described courses and distances: 

	1.	South 00 degrees 00 minutes 25 second East, 386.28 feet to a point; and 

	2.	South 89 degrees 59 minutes 35 seconds West, 225.53 feet to a point. 

 THENCE, through the said lands of Standard Chlorine of Delaware, Inc. the two following described courses and distances: 

	1.	North 00 degrees 00 minutes 25 seconds West, 386.28 feet to a point; and 

	2.	North 89 degrees 59 minutes 35 seconds East, 225.53 feet to the point and place of Beginning. 

(C)    ALL that certain tract, piece or parcel of land situated on the westerly side of River Road (Delaware Route
No. 9) and the southerly side of Governor Lea Road (Road No. 405), Red Lion Hundred, New Castle County, Delaware, and shown on Sheet 3 of 5 as 

  
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 “Proposed Parcel 4B” on a survey prepared by Van Demark & Lynch, Inc., Engineers,
Planners and Surveyors, Wilmington, Delaware, Plan No. 33015-F and entitled “Record Minor Land Development Plan,” Star Enterprise Repowering Project,” recorded in the Office of the Recorder of Deeds, in and for New Castle County,
State of Delaware, in Microfilm No. 13506, and more particularly described as follows, to wit: 
 BEGINNING at a point on the line of lands
now or formerly of Star Enterprise, said point being distant the three following described courses and distances measured from the northwesterly end of a corner-cut joining the westerly right-of-way line of River Road (Delaware Route No. 9 at
70 feet wide) with the southerly right-of-way line of Governor Lea Road (Road No. 405 at 45 feet wide): 

	1.	Along the said southerly right-of-way line of Governor Lea Road, North 86 degrees 34 minutes 35 seconds West, 471.13 feet to a corner for lands now or formerly of
Standard Chlorine of Delaware, Inc.; 

	2.	Leaving the said side of Governor Lea Road and along the common line for said lands now or formerly of Star Enterprise and the said lands now or formerly of Standard
Chlorine of Delaware, Inc., South 00 degrees 00 minutes 25 seconds East, 862.77 feet; and 

	3.	Continuing along the said lands now or formerly of Star Enterprise, South 89 degrees 59 minutes 35 seconds West, 225.53 feet to the point of Beginning.

 THENCE, from said point of Beginning and continuing along the lines of said lands now or formerly of Star Enterprise the two
following described courses and distances: 

	1.	South 89 degrees 59 minutes 35 seconds West, 902.17 feet to a point; and 

	2.	North 00 degrees 00 minutes 25 seconds West, 386.28 feet to a point. 

 THENCE, through the said lands of Standard Chlorine of Delaware, Inc. the two following described courses and distances: 

	1.	North 89 degrees 59 minutes 35 seconds East, 902.17 feet to a point; and 

	2.	South 00 degrees 00 minutes 25 seconds East, 386.28 feet to the point and place of Beginning. 

 As to all of the foregoing parcels: 
 EXCEPTING THEREOUT AND THEREFROM ALL that certain tract,
piece or parcel of land described in a Deed between Star Enterprise, a New York general partnership, and Standard Chlorine of Delaware, Inc., a Delaware corporation, dated October 26, 1998 and recorded in the Office of the Recorder of Deeds in
and for New Castle County, State of Delaware, in Deed Book 2530, Page 164. 
 [Parcel 4C Description Begins on Following Page]

  
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 Description Parcel 4C 

(A)    ALL that certain tract, piece or parcel of land situate on River Road, Delaware Route 9, Red Lion Hundred, New
Castle County, Delaware, and shown as Parcel 4-C on a Record Minor Subdivision Plan prepared by Van Demark & Lynch, Inc., Engineers, Planners and Surveyors, Wilmington, Delaware, dated March 9, 1990, revised through April 11,
1991, Drawing No. 26721-F, Revision No. 1, recorded July 26, 1991 in the Office of the Recorder of Deeds in and for New Castle County on Microfilm No. 10956 and described to wit: 

BEGINNING at the point of intersection of southwesterly side of River Road, Delaware Route 9 (at 70 feet wide) along the northwesterly side of a 60 foot
wide right of way for Conrail (Newark to Delaware City Branch); 
 THENCE from the said point of Beginning, leaving the said southwesterly side
of River Road, Delaware Route 9, and along the said northwesterly side of the 60 foot wide right of way for Conrail, the two following described courses and distances: 

	1.	South 83 degrees 32 minutes 44 seconds West, 648.41 feet from the last described point, and 

	2.	South 82 degrees 44 minutes 10 seconds West, 290.39 feet to a point, a corner for lands now or formerly of Star Enterprise, (Deed Record 814-314);

 THENCE leaving the said northwesterly side of the 60 foot wide right of way for Conrail and along lines of said lands now or
formerly of Star Enterprise (Deed Record 814-314), the fourteen following described courses and distances: 

	1.	Due North (North 00 degrees 00 minutes 00 seconds East) 223.04 feet to a point; 

	2.	Due West (North 90 degrees 00 minutes 00 seconds West) 187.00 feet to a point; 

	3.	Due North (North 00 degrees 00 minutes 00 seconds East) 48.00 feet to a point; 

	4.	Due East (South 90 degrees 00 minutes 00 seconds East) 20.00 feet to a point; 

	5.	Due North (North 00 degrees 00 minutes 00 seconds East) 378.00 feet to a point; 

	6.	Due West (North 90 degrees 00 minutes 00 seconds West) 205.00 feet to a point; 

	7.	Due South (South 00 degrees 00 minutes 00 seconds West 183.00 feet to a point; 

	8.	Due West (North 90 degrees 00 minutes 00 seconds West) 225.00 feet to a point; 

	9.	Due North (North 00 degrees 00 minutes 00 seconds East) 235.00 feet to a point; 

	10.	Due West (North 90 degrees 00 minutes 00 seconds West) 80.00 feet to a point; 

	11.	Due North (North 00 degrees 00 minutes 00 seconds East) 148.52 feet to a point; 

	12.	North 30 degrees 15 minutes 23 seconds West, 138.92 feet to a point; 

	13.	Due North (North 00 degrees 00 minutes 00 seconds East) 106.48 feet to a point; and 

	14.	Due East (South 00 degrees 00 minutes 00 seconds East) 1,317.36 feet to a point, a corner for lands to be retained Delmarva Power & Light Company, known as
Parcel 1; 

 THENCE, partially along the southwesterly line of said Parcel 1, South 02 degrees 48 minutes 30 seconds East, 450.77
feet to a point; 
 THENCE leaving the said southwesterly line of land to be retained by Delmarva Power & Light Company, known as
parcel 1 and by tie line through the herein described parcel 4-C, North 89 degrees 57 minutes 18 seconds West, 98.54 feet to a point, a corner for lands to be retained by Delmarva Power & Light Company, known as Parcel 2; 

  
 23 

 THENCE by lines of said lands to be retained by Delmarva Power & Light Company, known as Parcel 2,
the eight following described courses and distances: 

	1.	North 16 degrees 40 minutes 23 seconds East, 47.78 feet to a point; 

	2.	North 00 degrees 11 minutes 55 seconds East, 106.82 feet to a point: 

	3.	North 89 degrees 42 minutes 50 seconds West, 196.25 feet to a point; 

	4.	South 03 degrees 29 minutes 19 seconds East, 147.15 feet to a point; 

	5.	South 38 degrees 12 minutes 28 seconds East, 31.26 feet to a point; 

	6.	North 88 degrees 46 minutes 39 seconds East, 78.75 feet to a point; 

	7.	North 00 degrees 29 minutes 38 seconds East, 16.13 feet to a point; 

	8.	North 89 degrees 57 minutes 18 seconds East, 75.01 feet to a point; 

 THENCE by aforesaid tie line, South 89 degrees 57 minutes 18 seconds West, 98.54 feet to a point on the said southwesterly side of Parcel 1; 
 THENCE partially along the southwesterly side of said Parcel 1, South 02 degrees 48 minutes 30 seconds East, 289.86 feet to a point; 
 THENCE by a tie line through the herein described parcel 4-C North 89 degrees 40 minutes 45 seconds West, 277.67 feet to a point, a corner for other lands to be retained by Delmarva Power & Light
Company, known as Parcel 3; 
 THENCE by said lines of lands to be retained by Delmarva Power and Light Company known as Parcel 3, the twenty
seven following described courses and distances: 

	1.	North 00 degrees 11 minutes 00 seconds East, 114.60 feet to a point; 

	2.	North 89 degrees 25 minutes 50 seconds East, 13.14 feet to a point; 

	3.	North 00 degrees 34 minutes 10 seconds West, 78, 28 feet to a point; 

	4.	North 89 degrees 25 minutes 50 seconds East, 23.82 feet to a point; 

	5.	North 00 degrees 11 minutes 00 seconds East, 25.00 feet to a point; 

	6.	North 40 degrees 28 minutes 50 seconds West, 10.15 feet to a point; 

	7.	North 89 degrees 58 minutes 50 seconds West, 18.06 feet to a point; 

	8.	North 00 degrees 01 minutes 10 seconds East, 15.68 feet to a point; 

	9.	North 89 degrees 58 minutes 50 seconds West, 43.29 feet to a point; 

	10.	North 00 degrees 01 minutes 10 seconds East, 37.15 feet to a point; 

	11.	North 89 degrees 58 minutes 50 seconds West, 66.29 feet to a point; 

	12.	North 00 degrees 01 minutes 10 seconds East, 13.39 feet to a point; 

	13.	North 89 degrees 58 minutes 50 seconds West, 7.37 feet to a point; 

	14.	North 00 degrees 01 minutes 10 seconds East, 56.29 feet to a point; 

	15.	North 89 degrees 58 minutes 50 seconds West, 69.78 feet to a point; 

	16.	South 00 degrees 01 minutes 10 seconds West, 26.54 feet to a point; 

	17.	South 89 degrees 58 minutes 50 seconds East, 48.16 feet to a point; 

	18.	South 00 degrees 01 minutes 10 seconds West, 129.00 feet to a point; 

	19.	South 89 degrees 58 minutes 50 seconds East, 6.00 feet to a point; 

	20.	South 00 degrees 01 minutes 10 seconds West, 2.00 feet to a point; 

	21.	South 89 degrees 58 minutes 50 seconds East, 21.00 feet to a point; 

	22.	South 00 degrees 01 minutes 10 seconds West, 25.00 feet to a point; 

	23.	South 89 degrees 58 minutes 50 seconds East, 11.00 feet to a point; 

	24.	South 00 degrees 01 minutes 10 seconds West, 41.00 feet to a point; 

	25.	South 89 degrees 58 minutes 50 seconds East, 13.00 feet to a point; 

  
 24 

	26.	South 00 degrees 26 minutes 26 seconds East, 124.55 feet to a point; and 

	27.	South 89 degrees 40 minutes 30 seconds East, 74.67 feet to a point; 

 THENCE by aforesaid tie line through the herein described, parcel for 4-C, South 89 degrees 40 minutes 45 seconds West, 277, 67 feet to a point on the said southwesterly line of lands to be retained by
Delmarva Power & Light Company, known as Parcel 1; 
 THENCE by said lines of Parcel 1, the four following described courses and
distances: 

	1.	South 02 degrees 48 minutes 30 seconds East, 62.47 feet to a point; 

	2.	Due East (North 90 degrees 00 minutes 00 seconds East) 254.40 feet to a point; 

	3.	Due South (South 90 degrees 00 minutes 00 seconds West) 8.40 feet to a point; and 

	4.	Due East (South 90 degrees 00 minutes 00 seconds East) 58.61 feet to a point on the said southeasterly side of River Road — Delaware Route 9;

 THENCE thereby, South 03 degrees 19 minutes 23 seconds East, 166.17 feet to the point and place of Beginning. 

EXCEPTING THEREOUT AND THEREFROM ALL that certain tract, piece or parcel of land with the improvements thereon situate westerly of River Road (Delaware
Route No. 9) and northerly of Conrail (Newark — Delaware City Branch), Red Lion Hundred, New Castle County, Delaware, shown as Parcel 1 on Record Minor Land Development and Subdivision Plan, Star Enterprise Repowering Project, prepared by
Van Demark & Lynch, Inc., dated July 25, 1997, and recorded August 18, 1997 in the Office of the Recorder of Deeds in and for New Castle County, Delaware, at Microfilm No. 13276, more particularly described as follows, to
wit: 
 BEGINNING at a point in the westerly line of lands now or formerly of Delmarva Power and Light Company, said point being distant the two
following described courses and distances measured from the point of intersection of the southwesterly right-of-way line of River Road (Delaware Route No. 9 at 70 feet wide) and the northwesterly right-of-way line of Conrail (Newark —
Delaware City Branch at 60 feet wide): (1) Along the said southwesterly right-of-way line of River Road, North 03.degrees 19 minutes 23 seconds West, 683.08 feet to a point; and (2) through said lands now or formerly of Delmarva Power and
Light Company (along the southerly line of a parcel to be conveyed to Motiva Enterprises LLC), South 89 degrees 02 minutes 38 seconds West, 307.74 feet to the said point of Beginning. Thence, from the said point of Beginning, and along the said
westerly line of lands now or formerly of Delmarva Power and Light Company, South 02 degrees 48 minutes 30 seconds East, 440.64 feet to a point; Thence, through lands of Motiva Enterprises LLC, North 89 degrees 40 minutes 30 seconds West, 277.67
feet to a point, a corner for other lands now or formerly of Delmarva Power and Light Company; Thence, along the easterly lines of said other lands now or formerly of Delmarva Power and Light Company, the ten following described courses and
distances: (1) North 00 degrees II minutes 00 seconds East, 114.60 feet to a point; (2) North 89 degrees 25 minutes 50 seconds East, 13.14 feet to a point; (3) North 00 degrees 34 minutes 10 seconds West, 78.28 feet to a point;
(4) North 89 degrees 25 minutes 50 seconds East, 23.82 feet to a point; (5) North 00 degrees 11 minutes 10 seconds East, 25.00 feet to a point; (6) North 40 degrees 28 minutes 50 seconds West, 10.15 feet to a point; (7) North 89
degrees 58 minutes 50 seconds West, 18.06 feet to a point; (8) North 00 degrees 01 minutes 10 seconds East, 15,68 feet to a point; (9) North 89 degrees 58 minutes 50 seconds West, 43.29 feet to a point; and (10) North 00 degrees 01
minutes 10 seconds East, 0.78 feet to a point; Thence, through lands of Motiva Enterprises LLC, and along the southeasterly side of a 30 foot wide access easement, North 55 degrees 35 minutes 37 

  
 25 

 seconds East, 50.44 feet to a point in the southwesterly line of other lands now or formerly of Delmarva
Power and Light Company; Thence, along the southerly lines of said other lands now or formerly of Delmarva Power and Light Company, the six following described courses and distances: (1) South 38 degrees 12 minutes 28 seconds East, 1.19 feet to
a point; (2) North 88 degrees 46 minutes 39 seconds East, 78.75 feet to a point; (3) North 00 degrees 29 minutes 38 seconds East, 16.13 feet to a point; (4) North 89 degrees 57 minutes 18 seconds East, 75.01 feet to a point;
(5) North 16 degrees 40 minutes 23 seconds East, 47.78 feet to a point; and (6) North 00 degrees 11 minutes 55 seconds East, 106.82 feet to a point; Thence, through lands of Motiva Enterprises LLC, South 88 degrees 34 minutes 56 seconds
East, 77.10 feet to the said point and place of Beginning. 
 (B)    ALL that certain tract, piece or parcel
of land with the improvements thereon situate on the westerly side of River Road (Del. Route No. 9), Red Lion Hundred, New Castle County, Delaware, shown as Parcel 4-C on Record Minor Land Development and Subdivision Plan, Star Enterprise
Repowering Project, prepared by Van Demark & Lynch, Inc., dated July 25, 1997, and recorded August 18, 1997 in the Office of the Recorder of Deeds in and for New Castle County, Delaware, at Microfilm No. 13276, and more
particularly described as follows, to wit: 
 BEGINNING at a point on the westerly right of way line of River Read (Delaware Route No. 9 at
70 feet wide), said point being distant North 03 degrees 19 minutes 23 seconds West, 683.08 feet measured along the said westerly line of River Road from the point of intersection thereof with the northerly right of way line of Conrail (Newark to
Delaware City Branch at 60 feet wide); thence from the said point of Beginning and by a new line through lands of Delmarva Power and Light Company, South 89 degrees 02 minutes 38 seconds West, 307.74 feet to a point on the easterly line of lands now
or formerly of Motiva Enterprises LLC; Thence along the lines of said lands now or formerly of Motiva Enterprises LLC the two following described courses and distances: (1) through lands of Motiva Enterprises LLC (Tax Parcel
No. 12-008.00-001), North 02 degrees 48 minutes 30 seconds West, 300.00 feet to a point in the southerly line of Tax Parcel No. 12-008.00-012 adjoining to the north; and (2) thereby North 89 degrees 59 minutes 35 seconds East, 305.30
feet to a point on the said westerly right of way line of River Road; Thence, along the said westerly line of said River Road, South 03 degrees 19 minutes 23 seconds East, 295.00 feet to the point and place of Beginning. 

[Parcel 4D Description Begins on Following Page] 

  
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 Description Parcel 4D 
 ALL that certain piece, parcel or tract of land located on the easterly side of U.S. Route 13, Red Lion Hundred, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line Surveys
Inc., dated May 20, 1998 and more particularly described as follows: 
 BEGINNING for the same at a point on the westerly side of Delaware
Route 1, said point being formed by the intersection of the westerly side of Delaware Route 1 (300 feet wide) with the easterly side of U.S. Route 13 (150 feet wide); 
 THENCE from said point of beginning, and with the easterly side of U.S. Route 13, the following two courses and distances: 

	1.	By a curve to the right having a radius of 2277.32 feet, an arc distance of 1652.22 feet (chord bearing North 09 degrees 41 minutes 58 seconds East, 1616.22 feet) to a
point; and 

	2.	North 30 degrees 29 minutes 02 seconds East, 537.49 feet to a point on the southerly side of the Delaware Route 1 right-of-way; 

THENCE, thereby, South 74 degrees 16 minutes 14 seconds East, 248.51 feet to a point on the westerly right-of-way of Delaware Route 1; 

THENCE thereby, South 21 degrees 31 minutes 03 seconds West, 2137.94 feet to the point and place of Beginning. 

[Parcel 5 Description Begins on Following Page] 

  
 27 

 Description Parcel 5 
 Description of Parcel No. 5, being a portion of lands of Texaco Refining and Marketing, Inc., and River Road (Delaware Route No. 9) at River Road and Tybouts Corner Road (Road No. 381), Red
Lion Hundred and New Castle Hundred, New Castle County, Delaware. 
 ALL that certain tract, piece or parcel of land situate on River Road
(Delaware Route 9) at River Road and Tybouts Corner Road (Road No. 381), New Castle Hundred, Delaware City, Red Lion Hundred and New Castle Hundred, New Castle County, Delaware, and shown as Parcel No. 5 on a plot prepared by
VanDemark & Lynch, Inc., Engineers, Planners and Surveyors, Wilmington, Delaware, entitled “Property Plan of Texaco Refining and Marketing Inc,” Delaware Refinery, dated February 15, 1972 and revised through February 28,
1987, Drawing No. 14046-A, sheet 2 of 2, Revision 13, and described to wit: 
 BEGINNING at a point on the northeasterly side of River Road (at
70 feet wide) said point being a corner for lands now or formerly of Delaware Power & Light Company; 
 THENCE from the said point of
Beginning and along the sides of said River Road (Delaware Route 9) the seventeen following described courses and distances: 

	1.	Northwesterly by a curve to the right having a radius of 22,883.32 feet, an arc distance of 148.60 feet to a point of tangency for said curve. 

	2.	North 07 degrees 52 minutes 23 seconds West, 570.18 feet to a point of curvature; 

	3.	Northwesterly by a curve to the right having a radius of 1,006.74 feet, an arc distance of 208.40 feet to a point; 

	4.	South 86 degrees 00 minutes 44 seconds East, 10.00 feet to a point; 

	5.	Northeasterly by a curve to the right having a radius of 996.74 feet, an arc distance of 243.99 feet to a point; 

	6.	South 71 degrees 55 minutes 14 seconds East, 25.00 feet to a point; 

	7.	Northeasterly by a curve to the right having a radius of 971.74 feet, an arc distance of 27.98 feet to a point; 

	8.	North 70 degrees 25 minutes 14 seconds West, 25.00 feet to a point; 

	9.	Northeasterly by a curve to the right having a radius of 996.74 feet, an are distance of 110.05 feet to a point; 

	10.	North 64 degrees 00 minutes 44 seconds West, 10.00 feet to a point; 

	11.	Northeasterly by a curve to the right having a radius of 1006.74 feet, an arc distance of 207.73 feet to a point of tangency for said curve; 

	12.	North 37 degrees 48 minutes 37 seconds East, 167.21 feet to a point; 

	13.	South 52 degrees 11 minutes 50 seconds East, 10.00 feet to a point; 

	14.	Northeasterly by a curve to the left having a radius of 5,774.58 feet, an arc distance of 142.78 feet to a point of tangency for said curve; 

	15.	North 36 degrees 21 minutes 37 seconds East, 297.11 feet to a point; 

	16.	Northeasterly by a curve to the right having a radius of 5,684.58 feet, an arc distance of 140.55 feet to a point of tangency for said curve; 

	17.	North 37 degrees 40 minutes 37 East, 3.93 feet to a point, a corner for lands now or formerly of Ethel M. Tali; 

THENCE leaving said River Road (Delaware Route No. 9) and along lines of said lands now or formerly of Ethel M. Tali, the nine following described
courses and distances: 

	1.	South 48 degrees 24 minutes 40 seconds East, 1477.22 feet to a point; 

  
 28 

	2.	North 31 degrees 37 minutes 40 seconds East, 246.08 feet to a point; 

	3.	North 38 degrees 08 minutes 00 seconds West, 302.80 feet to a point; 

	4.	North 26 degrees 10 minutes 50 seconds West, 195.50 feet to a point; 

	5.	North 05 degrees 18 minutes 50 seconds West, 111.80 feet to a point; 

	6.	North 44 degrees 43 minutes 10 seconds East, 148.80 feet to a point; 

	7.	North 10 degrees 13 minutes 50 seconds West, 87.20 feet to a point; 

	8.	North 52 degrees 25 minutes 50 seconds West, 309.90 feet to a point; 

	9.	North 43 degrees 12 minutes 50 seconds West, 554.31 feet to a point on the said northeasterly side of River Road (Delaware Route No. 9); 

THENCE THEREBY the four following described courses and distances: 

	1.	North 37 degrees 26 minutes 37 seconds East, 12.51 feet to a point; 

	2.	North 37 degrees 52 minutes 27 seconds East, 944.52 feet to a point; 

	3.	North 38 degrees 09 minutes 37 seconds East, 519.02 feet to a point; 

	4.	North 39 degrees 34 minutes 37 seconds East, 111.11 feet to a point, a corner for lands now or formerly of Bernard Kux; 

THENCE along the southwesterly line of said lands now or formerly of Bernard Kux, South 73 degrees 19 minutes 00 seconds East, 3,296.58 feet to a point
on the low water line for the Delaware River as established by a survey of August 14, 1966; 
 THENCE southwesterly and southeasterly along
the various meanderings of the said low water line for the Delaware River 1,775.00 feet, more or less to a point a corner for said lands now or formerly of Delmarva Power & Light Company, said point being distant by a tie line of South 08
degrees 44 minutes 14 seconds West, 1,415.43 feet, more or less from the last described point; 
 THENCE along the northwesterly line of said
lands now or formerly of Delmarva Power & Light Company, the two following described courses and distances: 

	1.	South 63 degrees 43 minutes 20 seconds West, 3,290.00 feet, more or less to a point; and 

	2.	South 81 degrees 47 minutes 12 seconds West, 2,183.26 feet to a point on the said northeasterly side of River Road (Delaware Route No. 9) and the point and place
of Beginning. 

 And more recently bounded and described in accordance with a Boundary Survey prepared by Dixie Line Surveys Inc.,
dated May 14, 1998 and being more particularly bounded and described as follows, to wit: 
 BEGINNING at a point on the northeasterly side
of River Road (at 70 feet wide) said point being a corner for lands now or formerly of Delaware Power & Light Company; 
 THENCE from
the said point of Beginning and along the sides of said River Road (Delaware Route 9) the seventeen following described courses and distances: 

	1.	Northwesterly by a curve to the right having a radius of 22,883.32 feet, an are distance of 148.60 feet (chord bearing North 8 degrees 03 minutes 00 seconds West) to a
point of tangency for said curve. 

	2.	North 07 degrees 51 minutes 50 seconds West, 570.18 feet to a point of curvature; 

	3.	Northwesterly by a curve to the right having a radius of 1,006.74 feet, an arc distance of 208.03 feet (chord bearing North 01 degrees 56 minutes 01 seconds West) to a
point; 

	4.	South 86 degrees 00 minutes 11 seconds East, 10.00 feet to a point; 

  
 29 

	5.	Northeasterly by a curve to the right having a radius of 996.74 feet, an arc distance of 243.99 feet (chord bearing North 11 degrees 00 minutes 33 seconds East) to a
point; 

	6.	South 71 degrees 58 minutes 41 seconds East, 25.00 feet to a point; 

	7.	Northeasterly by a curve to the right having a radius of 971.74 feet, an arc distance of 27.98 feet (chord bearing North 18 degrees 50 minutes 48 seconds East) to a
point; 

	8.	North 70 degrees 19 minutes 41 seconds West, 25.00 feet to a point; 

	9.	Northeasterly by a curve to the right having a radius of 996.74 feet, an arc distance of 110.05 feet (chord bearing North 22 degrees 50 minutes 05 seconds East) to a
point; 

	10.	North 64 degrees 00 minutes 11 seconds West, 10.00 feet to a point; 

	11.	Northeasterly by a curve to the right having a radius of 1006.74 feet, an arc distance of 207.73 feet (chord bearing North 31 degrees 54 minutes 32 seconds East) to a
point of tangency for said curve; 

	12.	North 37 degrees 49 minutes 10 seconds East, 167.23 feet to a point; 

	13.	South 52 degrees 10 minutes 50 seconds East, 10.00 feet to a point; 

	14.	Northeasterly by a curve to the left having a radius of 5,774.58 feet, an arc distance of 142.78 feet (chord bearing North 37 degrees 06 minutes 40 seconds East) to a
point of tangency for said curve; 

	15.	North 36 degrees 24 minutes 10 seconds East, 297.33 feet to a point; 

	16.	Northeasterly by a curve to the right having a radius of 5,684.58 feet, an arc distance of 140.55 feet (chord bearing North 37 degrees 06 minutes 40 seconds East) to a
point of tangency for said curve; 

	17.	North 37 degrees 49 minutes 10 seconds East, 3.93 feet to a point, a corner for lands now or formerly of Ethel M. Tali; 

THENCE leaving said River Road (Delaware Route No. 9) and along lines of said lands now or formerly of Ethel M. Tali, the nine following described
courses and distances: 

	1.	South 48 degrees 24 minutes 07 seconds East, 1477.22 feet to a point; 

	2.	North 31 degrees 38 minutes 13 seconds East, 246.08 feet to a point; 

	3.	North 38 degrees 07 minutes 27 seconds West, 302.80 feet to a point; 

	4.	North 26 degrees 10 minutes 17 seconds West, 195.50 feet to a point; 

	5.	North 05 degrees 18 minutes 17 seconds West, 111.80 feet to a point; 

	6.	North 44 degrees 43 minutes 43 seconds East, 148.80 feet to a point; 

	7.	North 10 degrees 13 minutes 17 seconds West, 87.20 feet to a point; 

	8.	North 52 degrees 25 minutes 17 seconds West, 309.90 feet to a point; 

	9.	North 43 degrees 12 minutes 17 seconds West, 554.14 feet to a point on the said northeasterly side of River Road (Delaware Route No. 9); 

THENCE THEREBY the four following described courses and distances: 

	1.	North 37 degrees 29 minutes 10 seconds East, 32.51 feet to a point; 

	2.	North 37 degrees 54 minutes 10 seconds East, 944.57 feet to a point; 

	3.	North 38 degrees 06 minutes 10 seconds East, 792.02 feet to a point; 

	4.	North 39 degrees 47 minutes 07 seconds East, 220.08 feet to a point, a corner for lands now or formerly of Bernard Kux; 

THENCE along the southwesterly line of said lands now or formerly of Bernard Kux, South 73 degrees 18 minutes 27 seconds East, 3,396.58 feet to a point
on the low water line for the Delaware River as established by a survey of August 14, 1966; 

  
 30 

 THENCE southwesterly and southeasterly along the various meanderings of the said low water line for the
Delaware River 1,775.00 feet, more or less to a point a corner for said lands now or formerly of Delmarva Power & Light Company, said point being distant by a tie line of South 08 degrees 44 minutes 47 seconds West, 1,415.43 feet, more or
less from the last described point; 
 THENCE along the northwesterly line of said lands now or formerly of Delmarva Power & Light
Company, the two following described courses and distances: 

	1.	South 63 degrees 43 minutes 53 seconds West, 3,290.00 feet, more or less to a point; and 

	2.	South 81 degrees 47 minutes 50 seconds West, 2,183.26 feet to a point on the said northeasterly side of River Road (Delaware Route No. 9) and the point and place
of Beginning. 

 [Parcel 6 Description Begins on Following Page] 

  
 31 

 Description Parcel 6 
 ALL that certain piece, parcel, or tract of land located on the Delaware Rt. 7, Red Lion Hundred, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line Surveys Inc., dated
May 11, 1998 and more particularly described as follows: 
 BEGINNING for the same at a point, said point being the point intersection of
the westerly side of a 60 foot wide Right of Way for Conrail — Newark to Delaware City Branch, thence from said point of beginning and with the northerly Right of Way of Conrail the following 2 courses and distances: 

	1.	By a curve to the right having a radius of 22890.00 feet, an arc distance of 544.11 feet (chord bearing North 89 degrees 13 minutes 15 seconds West, 544.10 feet) to a
point; and 

	2.	By a curve to the right having a radius of 11430.00 feet, an arc distance of 1174.36 feet (chord bearing North 85 degrees 35 minutes 49 seconds West, 117.84 feet) to a
corner for Lands N/F D.M. Peoples Investment, Corp.; 

 THENCE, thereby the following courses and distances: 

	1.	North 10 degrees 50 minutes 30 seconds West, 323.00 feet to a point; 

	2.	North 01 degrees 10 minutes 10 seconds East, 465.10 feet to a point; 

	3.	North 04 degrees 58 minutes 30 seconds East, 213.30 feet to a point; 

	4.	North 12 degrees 50 minutes 40 seconds East, 373.30 feet to a point in the center of Doll Run; 

 THENCE, northeasterly by the various courses of the center line of Doll Run, said point being distant by a tie line North 58 degrees 57 minutes 00 seconds East, 517.42 feet; 

THENCE, still with the center line of Doll Run, 1820 feet more or less to a point on the southwesterly side of Delaware Rt. 7 said point being distant by
a tie line North 36 degrees 40 minutes 40 seconds East, 1550.35 feet; 
 THENCE with said side of Delaware Rt. 7, South 11 degrees 52 minutes 00
seconds East, 794.86 feet to a point, a corner for Lands N/F Robert G. Clifton, Ill; thence thereby, the following 4 courses and distances: 

	1.	By a curve to the left having a radius of 20.00 feet, an arc distance of 31.12 feet (chord bearing North 58 degrees 00 minutes 01 seconds West, 28.07 feet) to a point;

	2.	By a curve to the left having a radius of 151.19 feet, an arc distance of 96.53 feet (chord bearing South 59 degrees 52 minutes 57 seconds West, 94.90 feet) to a point;

	3.	South 41 degrees 35 minutes 30 seconds West, 320.80 feet to a point; and 

	4.	By a curve to the left having a radius of 79.53 feet, an arc distance of 74.12 feet (chord bearing South 14 degrees 53 minutes 33 seconds West, 71.47 feet) to a point,
a corner for Lands N/F Richard L. Ward; 

 THENCE, thereby, and also with Land N/F Kenneth A. Jones and Earl E. Jones the
following 2 courses and distances: 

	1.	South 11 degrees 48 minutes 24 seconds East, 440.30 feet to a Monument; and 

	2.	North 78 degrees 04 minutes 34 seconds East, 353.17 feet to a DelDOT R/W Monument on the westerly side of Delaware Rt. 7; 

THENCE, with same the following 3 courses and distances: 

	1.	South 12 degrees 01 minutes 35 seconds East, 958.15 feet to a point; 

  
 32 

	2.	South 25 degrees 43 minutes 36 seconds West, 202.41 feet to a DelDOT R/W Monument; and 

	3.	South 12 degrees 02 minutes 19 seconds West, 377.70 feet to the point and place of Beginning. 

[Parcel 7A Description Begins on Following Page] 

  
 33 

 Description Parcel 7A 
 ALL that certain piece, parcel or tract of land located on the northerly side of Delaware Rt. 72, Red Lion Hundred, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line
Surveys Inc., dated May 11, 1998 and more particularly described as follows: 
 BEGINNING for the same at a point, said point being located
at the intersection of the northerly side of Delaware Rt. 72 with the westerly side of Delaware Rt. 1; thence from said point of beginning and with said side of Delaware Rt. 72 the following 6 courses and distances: 

	1.	North 75 degrees 43 minutes 50 seconds West, 343.80 feet to a DelDOT R/W Monument; 

	2.	North 78 degrees 41 minutes 58 seconds West, 758.01 feet to a DelDOT R/W Monument; 

	3.	South 15 degrees 24 minutes 06 seconds West, 25.56 feet to a DelDOT R/W Monument; 

	4.	North 74 degrees 36 minutes 19 seconds West, 498.50 feet to a point; 

	5.	By a curve to the right having a radius of 11424.16 feet, an arc distance of 275.27 feet (chord bearing North 73 degrees 54 minutes 54 seconds West, 275.26 feet) to a
point; and 

	6.	North 73 degrees 13 minutes 29 seconds West, 77.56 feet to a concrete Monument, a corner for Fieldstone Crossing Subdivision; 

THENCE, leaving Delaware Rt. 72 and along the easterly side of Fieldstone Crossing Subdivision, North 30 degrees 09 minutes 11 seconds East, 1494.60 feet
to a point, a corner for Land N/F D.M. Peoples Investment, Corp. 
 THENCE, thereby, the following 5 courses and distances: 

	1.	North 03 degrees 45 minutes 59 seconds West, 272.00 feet to a point; 

	2.	North 02 degrees 26 minutes 01 seconds East, 510.17 feet to a point; 

	3.	North 07 degrees 41 minutes 01 seconds East, 187.29 feet to a point; 

	4.	North 01 degrees 02 minutes 01 seconds East, 328.33 feet to a point; and 

	5.	North 14 degrees 35 minutes 44 seconds West, 323.16 feet to a point on the southerly side of a 60 foot R/W to Conrail; Newark to Delaware City Branch;

 THENCE, thereby, the following 2 courses and distances: 

	1.	By a curve to the left having a radius of 11490.00 feet, an arc distance of 1157.24 feet (chord bearing South 85 degrees 39 minutes 18 seconds East, 1156.75 feet) to a
point; and 

	2.	By a curve to the left having a radius of 22950.00 feet, an arc distance of 525.91 feet (chord bearing South 89 degrees 11 minutes 47 seconds East, 525.91 feet) to a
point on the westerly side of Delaware Rt. 1; 

 THENCE, thereby, the following 9 courses and distances: 

	1.	By a curve to the left having a radius of 5894.58 feet, an arc distance of 342.48 feet (chord bearing South 11 degrees 43 minutes 21 seconds West, 342.43 feet) to a
DelDOT R/W Monument; 

	2.	South 12 degrees 55 minutes 14 seconds West 273.80 feet to a DelDOT R/W Monument; 

	3.	South 01 degrees 30 minutes 45 seconds West, 242.98 to a DelDOT R/W Monument; 

	4.	South 02 degrees 54 minutes 47 seconds West, 441.24 feet to a DelDOT R/W Monument; 

	5.	South 03 degrees 06 minutes 53 seconds East, 221.52 feet to a DelDOT R/W Monument; 

  
 34 

	6.	South 00 degrees 46 minutes 05 seconds West, 350.00 feet to a DelDOT R/W Monument; 

	7.	South 00 degrees 46 minutes 05 seconds West, 510.00 feet to a DelDOT R/W Monument; 

	8.	South 20 degrees 25 minutes 19 seconds West, 520.31 feet to a DelDOT R/W Monument; and 

	9.	South 19 degrees 44 minutes 16 seconds West, 414.62 feet to the point and place of Beginning. 

 EXCEPTING THEREOUT AND THEREFROM ALL that certain lot, piece or parcel of land, situate on Wrangle Hill Road, State Route 72, Red Lion Hundred, New Castle County, State of Delaware, designated as Lot 2 on
a Record Major Land Development Plan for Colonial School District, dated March 24, 2006, prepared by Tetra Tech, appearing of record in the Office of the Recorder of Deeds, in and for New Castle County, Delaware, in Instrument
No. 20060525-0050578, being further bounded and described and follows, to wit: 
 Beginning at a point in the rear lot line of Lot
No. 39 of the subdivision of Fieldstone Crossing (Microfilm No. 14234), said point being a common corner for the lot herein being described and Lot No. 1, and further located the two (2) following described courses and distances
from the easterly end of a 25.00 feet radius junction curve joining the northerly side of Wrangle Hill Road State Route 72 at varying widths with the easterly side of Fieldstone Crossing Drive at 50.00 feet wide: 

	1.	South 73 degrees 14 minutes 30 seconds East, 402.69 feet to an angle point where the right of way changes width, last course and distance being along the southerly side
of Private Open Space (Deed Book 2510, Page 245) in the said subdivision of Fieldstone Crossing, said angle point being further located North 30 degrees 08 minutes 58 seconds East, 5.14 feet from a found concrete monument in the former northerly
side of Wrangle Hill Road State Route 72 at 70 feet wide; and, 

	2.	Along the southeasterly side of said Private Open Space and along the rear lot lines of Lot No. 40 and Lot No. 39, in part, North 30 degrees 08 minutes 58
seconds East, 270.67 feet. 

 THENCE from the said point of beginning, along the said rear lot line of Lot No. 39, and along
the rear lot lines of Lot No. 38, Lot No. 37, Lot No. 36, Lot No. 26, Lot No. 25, Lot No. 22, and Lot No. 21 of the said subdivision of Field Stone Crossing, and along other Private Open Space (Tax Parcel
No. 12-012.00-225), North 30 degrees 08 minutes 58 seconds East, 1,216.97 feet to a point; 
 THENCE still along said other Private Open
Space, North 07 degrees 29 minutes 26 seconds West, 8.43 feet to a point (found concrete monument), said point being a corner for lands of the Estates of Red Lion (Microfilm No. 14338) now or formerly of D M Peoples Investment Corp., (Deed
Record T, Volume 121, page 241) (Tax Parcel No, 12-012.00-060); 
 THENCE by the same, North 01 degree 42 minutes 24 seconds West, 450.28 feet
to appoint (proposed monument); 
 THENCE along Lot No. 3, the two (2) following described courses and distances: 

	1.	(By a new line,) South 58 degrees 12 minutes 12 seconds East, 1,534.66 feet to a point (proposed monument); and, 

  
 35 

	2.	(By another new line,) South 30 degrees 08 minutes 58 seconds West 1,439.85 feet to a point (proposed monument) in the said northerly side of Wrangle Hill Road State
Route 72; 

 THENCE by the same, the two (2) following described courses and distances: 

	1.	North 78 degrees 42 minutes 03 seconds West, 500.00 feet to an angle point (proposed monument); and, 

	2.	North 74 degrees 17 minutes 12 seconds West, 664.71 feet to a point, a corner for said Lot No. 1; 

THENCE by the same, the two (2) following described courses and distances: 

	1.	North 30 degrees 08 minutes 58 seconds East, 250.00 feet to a point; and, 

	2.	North 74 degrees 17 minutes 12 seconds West, 180.00 feet to a point in the rear lot line of said Lot No. 39 of the subdivision of Fieldstone Crossing, the first
mentioned point and place of Beginning. Be the contents thereof what they may. 

 Being the same lands and premises which The
Premcor Refining Group Inc., a Delaware corporation, by Deed dated June 30, 2006 and recorded in the Office of the Recorder of Deeds in and for New Castle County, Delaware in Document No. 20060719-0068767, granted and conveyed unto The
Colonial School District, a reorganized school district of the State of Delaware, in fee. 
 ALSO EXCEPTING THEREOUT AND THEREFROM ALL that
certain tract piece or parcel of land, Lot 3, Wrangle Hill Elementary School situate Wrangle Hill Road at Delaware Route 1, Red Lion Hundred, New Castle County, Delaware and shown on a plan prepared by Van Demark & Lynch, Inc., Engineers,
Planners and Surveyors, Wilmington, Delaware, entitled ‘Property Plan, Wrangle Hill Elementary School, Lot 3”, File No. 28496-L, dated October 12, 2006 and more particularly described as follows, to wit: 

BEGINNING at a concrete monument found, the intersection of the northerly side of Wrangle Hill Road, Delaware Route 72 (a variable width public road)
with the westerly side of Delaware Route 1 (a variable width public road) as shown on Delaware Department of Transportation Contract No. 83-110-02; 
 THENCE from said point of Beginning, along the said northerly side of Wrangle Hill Road the two (2) following described courses and distances: 

	1.	North 75 degrees 43 minutes 55 seconds West, 343.80 feet to a concrete monument found; and 

	2.	North 78 degrees 42 minutes 03 seconds West, 258.01 feet to a concrete monument found, the southeasterly corner for Lot 2, Wrangle Hill Elementary School (Microfilm
20060525-0050578); 

 THENCE along the southeasterly and northeasterly lines for the said Lot 2, Wrangle Hill Elementary School
the two (2) following described courses and distances: 

	1.	North 30 degrees 08 minutes 58 seconds East, 1,439.85 feet to a concrete monument found; and 

	2.	North 58 degrees 12 minutes 12 seconds West, 1,534.66 feet to a concrete monument found, an angle point in the easterly line for parcel I, Peoples Park (Microfilm
20060526-0050754); 

  
 36 

 THENCE along the said easterly lines for Parcel I, Peoples Park the two (2) following described courses
and distances: 

	1.	North 03 degrees 09 minutes 14 seconds East, 828.62 feet to a point; and 

	2.	North 13 degrees 13 minutes 25 seconds West, 330.23 feet to a point in the southerly side of the now or former CONRAIL Newark to Delaware City Branch Railroad (at 60
feet wide right of way); 

 THENCE along the said southerly side of the CONRAIL Newark to Delaware City Branch Railroad the two
(2) following described courses and distances: 

	1.	Easterly, by a curve to the left having a radius of 11,490.00 feet, an are length of 1,154.61 feet to a point of compound curvature, said point being distant by a chord
of South 85 degrees 41 minutes 29 seconds East, 1,154.12 feet from the last described point; and 

	2.	Easterly, by a curve to the left having a radius of 22,950.00 feet, an arc length of 526.98 feet to a point on the said westerly side of Delaware Route 1, said point
being distant by a chord of South 89 degrees 13 minutes 40 seconds East, 526.96 feet from the last described point; 

 THENCE
along the said westerly side of Delaware Route 1 the eight (8) following described courses and distances: 

	1.	Southerly, by a curve to the left having a radius of 5,894.58 feet, an arc length of 341.73 feet to a concrete monument found, said point being distant by a chord of
South 11 degrees 43 minutes 03 seconds West, 341.70 feet from the last described point; 

	2.	South 12 degrees 55 minutes 10 seconds West, 273.80 feet to a concrete monument found; 

	3.	South 01 degrees 30 minutes 40 seconds West; 2442.98 feet to a concrete monument found; 

	4.	Southerly, by a curve to the left having radius of 5,894.58 feet, an arc length of 441.34 feet to a concrete monument found, said point being distant by a chord of
South 02 degrees 54 minutes 42 seconds West, 441.24 feet from the last described point; 

	5.	South 03 degrees 06 minutes 58 seconds East, 221.52 feet to a concrete monument found; 

	6.	South 00 degrees 46 minutes 00 seconds West, 860.00 feet to a concrete monument found; 

	7.	South 20 degrees 25 minutes 14 seconds West, 520.31 feet to a concrete monument found; 

	8.	South 19 degrees 44 minutes 11 seconds West, 414.62 feet to the point and place of Beginning. 

[Parcel 7B Description Begins on Following Page] 

  
 37 

 Description Parcel 7B 
 ALL that certain piece, parcel, or tract of land located on the westerly side of U.S. Rt. 13, Red Lion Hundred, New Castle County, Delaware, as shown on the Boundary Survey prepared by Dixie Line Surveys
Inc., dated May 11, 1998 and more particularly described as follows: 
 BEGINNING for the same at a point, said point being located on the
westerly side of U.S. Rt. 13 and being located South 13 degrees 12 minutes 56 seconds East, 54.47 feet from a DelDOT Monument located at the intersection of westerly side of U.S. Rt. 13 (150 feet wide) and the southerly side of a 60 foot wide right
of way for Conrail — Newark to Delaware City Branch, thence from said point of Beginning and along the westerly side of U.S. Rt. 13 the following 5 courses and distances: 

	1.	South 13 degrees 16 minutes 21 seconds East, 648.15 feet to a point; 

	2.	South 11 degrees 30 minutes 09 seconds East, 2111.78 feet to a point; 

	3.	South 19 degrees 47 minutes 22 seconds West, 115.56 feet to a DelDOT R/W Monument; 

	4.	South 11 degrees 35 minutes 36 seconds East, 725.00 feet to a DelDOT R/W Monument; and 

	5.	South 44 degrees 02 minutes 13 seconds West, 54.62 feet to a DelDOT R/W Monument the northerly side of Rt. 72; 

THENCE, thereby the following 2 courses and distances: 

	1.	North 78 degrees 10 minutes 05 seconds West, 298.97 feet to a DelDOT R/W Monument; and 

	2.	North 74 degrees 35 minutes 54 seconds West, 173.50 feet to a DelDOT R/W Monument on easterly side of Delaware Rt. 2; 

THENCE, thereby, the following 6 courses and distances: 

	1.	North 17 degrees 35 minutes 58 seconds West, 1144.87 feet to a DelDOT R/W Monument; 

	2.	North 00 degrees 46 minutes 04 seconds East, 280.00 feet to a DelDOT R/W Monument; 

	3.	North 04 degrees 31 minutes 19 seconds West, 271.15 feet to a DelDOT R/W Monument; 

	4.	North 00 degrees 46 minutes 05 seconds East, 571.01 feet to a DelDOT R/W Monument; 

	5.	By a curve to the right having a radius of 5579.58 feet, an arc distance of 1245.51 feet (chord bearing North 07 degrees 09 minutes 47 seconds East, 1242.92 feet) to a
DelDOT R/W Monument; 

	6.	North 76 degrees 47 minutes 07 seconds East, 23.13 feet to a DelDOT R/W Monument to the point and place of Beginning. 

[Parcel 11 Description Begins on Following Page] 

  
 38 

 Description Parcel 11 
 Description of a portion of lands of Texaco Refining and Marketing, Inc., Delaware Refinery known as Parcel No. 11, St. George’s — Clarks Corner Road (Road No. 378), Red Lion Hundred,
and the Town of St. George’s (Unincorporated), New Castle County, Delaware. 
 ALL that certain tract, piece or parcel of land situate on
the St. George’s — Clarks Corner Road (Road No. 378), Red Lion Hundred and the Town of St. Georges, (unincorporated), New Castle County, and shown as Parcel No. 11 on a plat prepared by VanDemark & Lynch, Inc.,
Engineers, Planners and Surveyors, Wilmington, Delaware, entitled “Property Plan Texaco Refining and Marketing, Inc.,” dated February 13, 1973 and revised through February 20, 1987, Drawing No. 14046-R, 2 sheets, Revision
13, and described to wit: 
 BEGINNING at a point on the southwesterly side of Church Street at a corner for lands now or formerly of James M.
Sutton, et ux, said point being distant North 49 degrees 29 minutes 12 seconds East, 246.87 feet measured along the said southeasterly side of Church Street from its intersection with the centerline of Broad Street; 

THENCE from the said point of Beginning and along lines now or formerly of Mario W. Anthony, the four following described courses and distances:

	1.	North 45 degrees 29 minutes 12 seconds East, 62.00 feet to a point; 

	2.	North 44 degrees 59 minutes 30 seconds East, 60.40 feet to a point; 

	3.	North 35 degrees 12 minutes 00 seconds West, 173.70 feet to a point; and 

	4.	North 55 degrees 09 minutes 10 seconds East, 81.85 feet to a point, a corner for lands now or formerly of Harvey E. Reynolds and J. Wesley Reynolds;

 THENCE along lines of said lands now or formerly of Harvey E. Reynolds and J. Wesley Reynolds, the two following described
courses and distances: 

	1.	North 20 degrees 02 minutes 50 seconds East, 267.54 feet to a point; 

	2.	South 40 degrees 42 minutes 20 seconds East, 659.00 feet to a point on the northwesterly side of the St. George’s — Clarks Corner Road (Road No. 378)
said northwesterly side of the Road being distant northwesterly 22.5 feet therefrom measured at right angles thereto the centerline; 

 THENCE along the said northwesterly side of the St. George’s — Clarks Corner Road, South 43 degrees 26 minutes 00 seconds West, 384.39 feet to a point, a corner for lands now or formerly of St.
George’s Methodist Episcopal Church; 
 THENCE leaving the said St. George’s — Clarks Corner Road (Road No. 378) and along
lines of said lands now or formerly of St. George’s Methodist Episcopal Church, the two following described courses and distances: 

	1.	North 42 degrees 13 minutes 00 seconds West, 228.96 feet to a point; and 

	2.	South 61 degrees 51 minutes 40 seconds West, 58.33 feet to a point; 

 THENCE continuing along the said lands now or formerly of St. George’s Methodist Episcopal Church and said lands now or formerly of James W. Sutton, et ux, North 43 degrees 48 minutes 02 seconds
West, 153.00 feet to a point on the said southwesterly side of Church Street and the point and place of Beginning. 
 [List of
Documents Containing Appurtenant Rights Begins on Following Page] 

  
 39 

 TOGETHER WITH all rights, titles and interests of the party of the first part, arising from or accruing
under the following after the date hereof, and subject to the terms and conditions thereof: 
  

	1.	Agreement Releasing Land from Certain Rights by Tidewater Oil Company, a corporation of the State of Delaware and Diamond Alkali Company, a corporation of the State of
Delaware, dated May 28, 1965, and recorded June 1, 1965, in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware (the “Recorder’s Office”) at Deed Record Book C, Volume 75, Page 425.

  

	2.	Covenants, conditions, reservations, exceptions, rights of way and easements as set forth in the Deed between Tidewater Oil Company and Stauffer Chemical Company, dated
December 6, 1960, and recorded December 9, 1960, in the Recorder’s Office at Deed Record D, Volume 67, Page 453. 

  

	3.	Reservations and exceptions as set forth in the Deed between Getty Refining and Marketing Company, a Delaware corporation, as Grantor, and Delmarva Power &
Light Company, a Delaware corporation, as Grantee, dated March 23, 1978, and recorded May 31, 1978 in the Recorder’s Office at Deed Record Book K, Volume 101, Page 27; thereafter assigned by a Partial Assignment of easement rights by
Texaco Refining and Marketing, Inc. to Texaco Pipeline Inc. dated August 31, 1988 and recorded in the Recorder’s Office at Deed Book 764, Page 314. 

 

	4.	Agreement Releasing Land from Certain Rights between Tidewater Oil Company, a corporation of the State of Delaware and Diamond Alkai Company, a corporation of the State
of Delaware, dated March 23, 1965 and recorded April 21, 1965 in the Recorder’s Office at Deed Record Book X, Volume 74, Page 126. 

  

	5.	Exceptions, reservations, rights of way and easements as set forth in the Deed between Tidewater Oil Company, a corporation of the State of Delaware and Delmarva
Power & Light Company, a corporation of the State of Delaware, conveying 338 acres of land, dated October 10, 1966 and recorded October 13, 1966, in the Recorder’s Office at Deed Record Book X, Volume 77, Page 502; thereafter
assigned by a Partial Assignment of easement rights by Texaco Refining and Marketing, Inc. to Texaco Pipeline Inc., dated August 31, 1988 and recorded September 28, 1988, in the Recorder’s Office at Deed Book 764, Page 308.

  

	6.	Easement and Right of Way Agreement (Pipeline and Railroad) regarding construction of railroad line and a gas pipeline between Diamond Alkai Company, a Delaware
corporation and Tidewater Oil Company, a Delaware corporation, dated August 3, 1966 and recorded February 7, 1969, in the Recorder’s Office at Deed Record Book Z, Volume 81, Page 1. 

 

	7.	Easement and Right of Way Agreement to Star Enterprise from Delmarva Power & Light Company, dated and recorded December 31, 1991, in the Recorder’s
Office at Deed Book 1271, Page 296. 

  

	8.	Declaration of Reciprocal Easement by Star Enterprise, a Delaware corporation, dated July 27, 1993 and recorded August 6, 1993, in the Recorder’s Office
at Deed Book 1568, Page 205. 

	9.	Easement Agreement (Access) between Star Enterprise, a New York general partnership to Standard Chlorine of Delaware, Inc., a Delaware corporation, dated April 29,
1998 and recorded May 8, 1998, in the Recorder’s Office at Deed Book 2439, Page 20. 

  

	10.	Subaqueous Lands Lease Granted to Motiva Enterprises by the State of Delaware to Maintain a 13 Foot by 37 Foot Mooring Dolphin in the Delaware River, Delaware City,
dated February 2, 2000, recorded December 8, 2000, in the Recorder’s Office at Deed Book 2937, Page 145. 

  

	11.	Rights under Quitclaim Deed between Motiva Enterprises, LLC, a Delaware limited liability company, and The City of Delaware City, a municipal corporation of the State
of Delaware, dated March 15, 2001 and recorded July 19, 2001, in the Recorder’s Office at Instrument No. 20010719-0057702. 

  

	12.	Right of First Refusal Agreement dated October 26, 1998, by and between Star Enterprise and Standard Chlorine of Delaware, Inc., recorded in the Recorder’s
Office at Deed Book 2530, Page 299, as amended by Modification of First Refusal Agreement dated December 2, 1998, recorded in the Recorder’s Office in Deed Book 2552, Page 155. 

[End of Fee Property Description] 
 Real
Property Leases: 
  

	1.	Amended and Restated Parking Lot Lease Agreement, dated effective January 1, 2009, between DELMARVA POWER & LIGHT COMPANY, a Delaware corporation, and THE
PREMCOR REFINING GROUP INC., a Delaware corporation 

  

	2.	Subaqueous Lands Lease and Permit, granted to The Premcor Refining Group Inc., by the State of Delaware Department of Natura1 Resources & Environmental Control
— Division of Natural Resources, dated December 18, 2008, recorded on December 30, 2008 at Document No. 20081230-0081610 in the Office of the Recorder of New Castle County, Delaware. 

 

	3.	Subaqueous Lands Lease and Permit, granted to Motiva Enterprises — Delaware City Refinery, by the State of Delaware Department of Natural Resources &
Environmental Control — Division of Natural Resources, dated February 2, 2000, recorded on December 8, 2000 at Book 2937, Page 145 in the Office of the Recorder of New Castle County, Delaware 

 Schedule 1.1(b) 

Refining Assets 

Notwithstanding anything to the contrary herein, all items in this Schedule that were purchased as part of a referenced project in the asset register
listing are to included the Assets to be transferred to Buyers whether those items are installed in the Refinery, stored in the Refinery, in Original Equipment manufacturer’s storage or in third party storage. 

 

											
	 Asset
	 	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	 	85000014	  	  	 	5/31/2006	  	  	Capital Spare Parts	  	8500
	 	85000017	  	  	 	6/30/2006	  	  	Capital Spare Parts	  	8500
	 	85000037	  	  	 	1/31/2007	  	  	Propane RR Car Unload Compressor	  	8500
	 	74000620	  	  	 	7/31/2006	  	  	545 Sulfur Training Simulator	  	7400
	 	74000624	  	  	 	9/30/2006	  	  	VMWare/SAN Implementation - Delaware City	  	7400
	 	74000625	  	  	 	9/30/2006	  	  	Instrument Interfacing - DCRF	  	7400
	 	74000630	  	  	 	9/30/2006	  	  	Rollout of Whse Handheld Device/Barcode - DC	  	7400
	 	74000633	  	  	 	6/19/2006	  	  	Premcor Acquisition - DC Minor Software	  	7400
	 	74000656	  	  	 	1/8/2007	  	  	Delaware City Track Implementation	  	7400
	 	74000723	  	  	 	9/30/2007	  	  	Purchase FCC-SIM Licenses for DCRF	  	7400
	 	74000746	  	  	 	11/30/2007	  	  	Refinery Tkt Imaging &Rpt Automation	  	7400
	 	74000760	  	  	 	1/31/2008	  	  	WAN Optimization - Delaware	  	7400
	 	74000807	  	  	 	1/1/2009	  	  	VCS08-IS312 DC SW Refinery Contractor Compl Track	  	7400
	 	74000838	  	  	 	7/14/2009	  	  	Oil Mvmt System Foxboro Install - DCRF	  	7400
	 	2031357	  	  	 	8/31/2009	  	  	Catalyst Reactor - Materials	  	220001
	 	2033036	  	  	 	11/30/2009	  	  	Reactor - Materials	  	220001
	 	2024309	  	  	 	10/31/2007	  	  	DC06-201020-C 2007 Desulfurizer Train 1	  	231000
	 	20037467	  	  	 	9/1/2005	  	  	Atmospheric Crude Distillation	  	2000
	 	20037468	  	  	 	9/1/2005	  	  	Vacuum Crude Distillation	  	2000
	 	20037469	  	  	 	9/1/2005	  	  	Fluid Coker	  	2000
	 	20037470	  	  	 	9/1/2005	  	  	Fluid Catalytic Cracker & FCC Gas Plant	  	2000
	 	20037471	  	  	 	9/1/2005	  	  	Hydrocracker	  	2000
	 	20037472	  	  	 	9/1/2005	  	  	Catalytic Reformer Unit	  	2000
	 	20037473	  	  	 	9/1/2005	  	  	Naphtha Hydrotreater - Desulfurizer Train 1	  	2000

 Schedule 1.1(b) – Page 1 

											
	 Asset
	 	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	 	20037474	  	  	 	9/1/2005	  	  	Kerosene/Jet Hydrotreater - Desulfurizer Train 2	  	2000
	 	20037475	  	  	 	9/1/2005	  	  	Distillate Hydrotreater - Desulfurizer Train 3	  	2000
	 	20037476	  	  	 	9/1/2005	  	  	Distillate Hydrotreater - Desulfurizer Train 4	  	2000
	 	20037477	  	  	 	9/1/2005	  	  	Distillate Hydrotreater - Desulfurizer Train 5	  	2000
	 	20037478	  	  	 	9/1/2005	  	  	Gasoline Hydrotreater - CNHTU, SHP & SHUs	  	2000
	 	20037479	  	  	 	9/1/2005	  	  	Alky Plant/Kellogg	  	2000
	 	20037480	  	  	 	9/1/2005	  	  	Alky Plant/Stratco	  	2000
	 	20037481	  	  	 	9/1/2005	  	  	Isomerization	  	2000
	 	20037482	  	  	 	9/1/2005	  	  	Benzene Extraction / Aromatics Extraction/TETRA	  	2000
	 	20037483	  	  	 	9/1/2005	  	  	Sulfur Recovery Plant 1 (LT/D) - SRU Complex	  	2000
	 	20037484	  	  	 	9/1/2005	  	  	Sulfur Rccovery Plant 2 (LT/D) - SRU Complex	  	2000
	 	20037485	  	  	 	9/1/2005	  	  	Hydrogen Plant (Mmscfd)	  	2000
	 	20037486	  	  	 	9/1/2005	  	  	Oxygenates (1) MTBE	  	2000
	 	20037488	  	  	 	9/1/2005	  	  	Crude Unit Merox	  	2000
	 	20037489	  	  	 	9/1/2005	  	  	PP SPLITTER	  	2000
	 	20037494	  	  	 	9/1/2005	  	  	Utility, Potable, & Effluent Water System	  	2000
	 	20037496	  	  	 	9/1/2005	  	  	Boilers	  	2000
	 	20037498	  	  	 	9/1/2005	  	  	Flares	  	2000
	 	20037499	  	  	 	9/1/2005	  	  	Sour Water Stripper	  	2000
	 	20037500	  	  	 	9/1/2005	  	  	Sewer Treatment	  	2000
	 	20037501	  	  	 	9/1/2005	  	  	Tailgas Treating Unit	  	2000
	 	20037502	  	  	 	9/1/2005	  	  	Environmental Control Systems	  	2000
	 	20037503	  	  	 	9/1/2005	  	  	Waste Water Treatment Plant	  	2000
	 	20037504	  	  	 	9/1/2005	  	  	Fire Protection System	  	2000
	 	20037505	  	  	 	9/1/2005	  	  	Tankage And Transfer Units	  	2000
	 	20037507	  	  	 	9/1/2005	  	  	General Plant Equipment	  	2000
	 	20037508	  	  	 	9/1/2005	  	  	Refinery Operations Heavy Equipment	  	2000
	 	20037509	  	  	 	9/1/2005	  	  	Vapor Recovery Unit	  	2000
	 	20037510	  	  	 	9/30/2005	  	  	101445 ALKY/POLY CNTL SYS UPGRADE	  	2000
	 	20037511	  	  	 	10/31/2005	  	  	511 22-D-10 PSV Modifications	  	2000
	 	20037512	  	  	 	10/31/2005	  	  	546 Sulf Recov Fuel Gas KO Blow to Flare	  	2000
	 	20037513	  	  	 	10/31/2005	  	  	507 HydroC HyrdroG PSV’s add Block Valves	  	2000

 Schedule 1.1(b) – Page 2 

											
	 Asset
	 	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	 	20037514	  	  	 	XX/31/2005	  	  	507 FCCU DGA PSV’s Add Block Valves	  	2000
	 	20037515	  	  	 	10/31/2005	  	  	510 Closed Loop Sample 36-R-2 Effluent	  	2000
	 	20037516	  	  	 	10/31/2005	  	  	510 36-E-19 Replacement	  	2000
	 	20037517	  	  	 	10/31/2005	  	  	DC05 Foxboro DCS Coker	  	2000
	 	20037518	  	  	 	10/31/2005	  	  	511 22-E-107 Upgrade Exchanger Bundle	  	2000
	 	20037520	  	  	 	10/31/2005	  	  	511 22-E-105 Upgrade Exchanger Bundle	  	2000
	 	20037521	  	  	 	10/31/2005	  	  	674 Double Bottom Tank 48	  	2000
	 	20037522	  	  	 	10/31/2005	  	  	510 Hydrocracker Control System Upgrade	  	2000
	 	20037523	  	  	 	10/31/2005	  	  	545 28-E-202 Sulfur Condenser Replace	  	2000
	 	20037524	  	  	 	12/31/2005	  	  	DC04 510 37-E-26 Fabricate New Titanium	  	2000
	 	20037525	  	  	 	12/31/2005	  	  	DC05 529 Total Organic Carbon Analyzer R	  	2000
	 	20037526	  	  	 	12/31/2005	  	  	551 FCC Gas Plant 24-D-111 Level Trans	  	2000
	 	20037527	  	  	 	12/31/2005	  	  	511 22-E-103 A&B Overpressure Protection	  	2000
	 	20037528	  	  	 	12/31/2005	  	  	509 Hcarb flush to Alky Eff acid wash ESP	  	2000
	 	20037529	  	  	 	12/31/2005	  	  	545 Scot 1 to Scot 2 Stack By-Pass Line	  	2000
	 	20037530	  	  	 	12/31/2005	  	  	540 Phase 1 Separator HyrdoG Boost Compr	  	2000
	 	20037531	  	  	 	12/31/2005	  	  	545 28-K-302 AB N2 seals w/ flow alarms	  	2000
	 	20037533	  	  	 	12/31/2005	  	  	540 37-R-3 PSV Sup Structure & Pipe Mods	  	2000
	 	20037534	  	  	 	12/31/2005	  	  	DC04 579 Desulfurizer Heaters Tube Skin	  	2000
	 	20037535	  	  	 	12/31/2005	  	  	DC04 507 24-K-1/2 & 23-K-1 Access Platform	  	2000
	 	20037536	  	  	 	12/31/2005	  	  	DC04 670 Tetra Unit Solvent Circulation	  	2000
	 	20037537	  	  	 	12/31/2005	  	  	510 HydroC 36-R-3 Redund Bed Out Temps	  	2000
	 	20037538	  	  	 	12/31/2005	  	  	DC05 583 29-E-28B Bundle Upgrade to Tita	  	2000
	 	20037539	  	  	 	12/31/2005	  	  	551 24-D-302 DGA Rich FlashD Tie-in Future	  	2000
	 	20037540	  	  	 	12/31/2005	  	  	DC05 503 Install a filter ahead of the 4	  	2000
	 	20037541	  	  	 	12/31/2005	  	  	583 29-E-25 AC & BC Retube	  	2000
	 	20037542	  	  	 	12/31/2005	  	  	DC05 507 FCCU New Fresh Catalyst Loader	  	2000
	 	20037545	  	  	 	12/31/2005	  	  	Sulfur Industrial Enclosure	  	2000
	 	20037546	  	  	 	12/31/2005	  	  	511 Hot Cold Coke Slide Valve Actuators	  	2000
	 	20037547	  	  	 	12/31/2005	  	  	DC05 551 24-E-9 A&B Debutanizer Coolers	  	2000
	 	20037548	  	  	 	12/31/2005	  	  	534 Refurbish Piping WWTP	  	2000
	 	20037549	  	  	 	12131/2005	  	  	535 Condensate Cooling SWS Plant	  	2000

 Schedule 1.1(b) – Page 3 

									
	 Asset
	  	 Cap. Date
	 	  	 Asset Description
	  	Asset Class
	20037550	  	 	12/31/2005	  	  	509 Alky Acid Settler Levels	  	2000
	20037551	  	 	12/31/2005	  	  	509 Alky Acid Settlers	  	2000
	20037552	  	 	12/31/2005	  	  	511 Nitrogen Header Phase 1	  	2000
	20037553	  	 	12/31/2005	  	  	DC04 526 40-E-2 A&B Upgrade Bundles and	  	2000
	20037555	  	 	12/31/2005	  	  	511 Coker CO Boiler BMS Upgrade	  	2000
	20037557	  	 	12/31/2005	  	  	540 SMR Heater Retube 37-H-1	  	2000
	20037603	  	 	1/31/2006	  	  	DC05 Foxboro DCS Coker	  	2000
	20037605	  	 	1/31/2006	  	  	674 Double Bottom Tank 48	  	2000
	20037606	  	 	1/31/2006	  	  	534 Refurbish Piping WWTP	  	2000
	20037632	  	 	5/31/2006	  	  	511 Nitrogen Header Phase 1	  	2000
	20037635	  	 	5/2/2006	  	  	526 Replace Blend Knock Eng Carb& InterF	  	2000
	20037645	  	 	4/4/2006	  	  	551 24-D-302 DGA Rich FIashD Tie-in Future	  	2000
	20037647	  	 	7/31/2006	  	  	509 FEL for DuPont Plant Offsites	  	2000
	20037649	  	 	5/2/2006	  	  	Level Control and Well 24-D-302	  	2000
	20037665	  	 	5/31/2006	  	  	535 Condensate Cooling SWS Plant	  	2000
	20037673	  	 	5/31/2006	  	  	509 AlkyAcid Settlers	  	2000
	20037677	  	 	7/3/2006	  	  	503? Replace 25-D-2	  	2000
	20037678	  	 	5/31/2006	  	  	509 Alky Acid Settler Levels	  	2000
	20037682	  	 	8/31/2006	  	  	540 SMR Heater Retube 37-H-1	  	2000
	20037683	  	 	7/3/2006	  	  	Install TOC Analyzer -Storm Water Sewer	  	2000
	20037685	  	 	7/26/2006	  	  	36-PM-4 A/B Variable Freq Drive Install	  	2000
	20037697	  	 	8/31/2006	  	  	545 28-E-202 Sulfur Condenser Replace	  	2000
	20037700	  	 	9/30/2006	  	  	503 CCR Heater Pilots to Natural Gas	  	2000
	20037701	  	 	9/30/2006	  	  	507 24-E-104B Upgrade DEA Reboiler	  	2000
	20037703	  	 	9/30/2006	  	  	517 Train 1 Feed Filter	  	2000
	20037704	  	 	9/30/2006	  	  	526 Tank 7 Heaters and Mixers	  	2000
	20037705	  	 	9/30/2006	  	  	511 Coker SNCR Phase 2 Eng Co Boiler	  	2000
	20037706	  	 	6/30/2006	  	  	510 Hydrocracker Corrosion Control	  	2000
	20037707	  	 	6/30/2006	  	  	Tier II Gasoline (Premcor)	  	2000
	20037710	  	 	5/31/2006	  	  	674 Tanks 66 Jumpers	  	2000
	20037711	  	 	3/31/2006	  	  	DCPP NOx Boiler # 2 (Gasifier)	  	2000
	20037712	  	 	3/31/2006	  	  	CCR Chloride Scrubber	  	2000

 Schedule 1.1(b) – Page 4 

									
	 Asset
	  	 Cap. Date
	 	  	 Asset Description
	  	Asset Class
	20037715	  	 	XX/31/2006	  	  	Foxboro at Repowering	  	2000
	20037731	  	 	9/30/2006	  	  	545 Sulfur Plant Ammonia / RepowerGas	  	2000
	20037732	  	 	9/30/2006	  	  	511 Coker Scrubber	  	2000
	20037733	  	 	9/30/2006	  	  	511 Coker CO Boiler BMS Upgrade	  	2000
	20037743	  	 	9/30/2006	  	  	511 Hot Cold Coke Slide Valve Actuators	  	2000
	20037747	  	 	9/30/2006	  	  	507 Modify DGA Regen Accum 24-D-9	  	2000
	20037748	  	 	9/30/2006	  	  	507 FCCU DGA PSV’s Add Block Valves	  	2000
	20037750	  	 	9/30/2006	  	  	510 HydroC HyrdroG PSV’s add Block Valves	  	2000
	20037751	  	 	9/30/2006	  	  	545 SRU Scot PSV’s Block Valves By Pass	  	2000
	20037752	  	 	9/30/2006	  	  	510 HydroC 36-R-3 Redund Bed Out Temps	  	2000
	20037753	  	 	9/30/2006	  	  	524 Replace North Flare Seal Pot	  	2000
	20037754	  	 	9/30/2006	  	  	545 Scot 1 to Scot 2 Stack By-Pass Line	  	2000
	20037755	  	 	9/30/2006	  	  	540 37-R-3 PSV Sup Structure & Pipe Mods	  	2000
	20037756	  	 	9/30/2006	  	  	545 SulfRecov Fuel Gas KO Blow to Flare	  	2000
	20037757	  	 	9/30/2006	  	  	511 22-E-103 A&B Overpressure Protection	  	2000
	20037758	  	 	9/30/2006	  	  	510 36-E-19 Replacement	  	2000
	20037759	  	 	9/30/2006	  	  	517 29-E-25 AC & BC Retube	  	2000
	20037760	  	 	9/30/2006	  	  	551 FCC Gas Plant 24-D-111 Level Trans	  	2000
	20037761	  	 	9/30/2006	  	  	510 Closed Loop Sample 36-R-2 Effluent	  	2000
	20037762	  	 	9/30/2006	  	  	511 22-E-107 Upgrade Exchanger Bundle	  	2000
	20037763	  	 	9/30/2006	  	  	511 22-E-105 Upgrade Exchanger Bundle	  	2000
	20037800	  	 	10/31/2006	  	  	503 CCR Compressor Vents	  	2000
	20037856	  	 	11/30/2006	  	  	670 Replace / Retray Benz Extract Tower	  	2000
	20037858	  	 	11/30/2006	  	  	593 1300# Let Down Stations (Gasifier)	  	2000
	20037860	  	 	11/30/2006	  	  	507 FCCU COB Steam Superheater Vent	  	2000
	20037911	  	 	12/31/2006	  	  	507 FCCU Scrubber	  	2000
	20037931	  	 	12/31/2006	  	  	511 22-K-1 Gland Condenser	  	2000
	20037932	  	 	12/31/2006	  	  	665 Poly Reactor Filter Bypass	  	2000
	20037933	  	 	12/31/2006	  	  	FCCU COB Low NOx Burner 23-H-3	  	2000
	20037934	  	 	12/31/2006	  	  	Tank 66-TC-112 Install Double Bottom	  	2000
	20038090	  	 	4/30/2007	  	  	Coker Lone Delivery Spare Valve Parts	  	2000
	20038092	  	 	4/30/2007	  	  	593 DCPP 50# to 40# Steam Header (Gasifier)	  	2000

 Schedule 1.1(b) – Page 5 

									
	 Asset
	  	 Cap. Date
	 	  	 Asset Description
	  	Asset Class
	20038139	  	 	5/31/2007	  	  	Desulferizer Train 4 ULSD	  	2000
	20038140	  	 	5/31/2007	  	  	Closed Loop Samp TR-4 Foul Water Streams	  	2000
	20038212	  	 	10/31/2007	  	  	DC07-102130 42K1 recycle Hydro Gas Comp Upgrades	  	2000
	20038256	  	 	2/28/2008	  	  	DCPP Fuel Gas Liquid Knock Out Improve (Gasifier)	  	2000
	20038526	  	 	12/31/2007	  	  	DC07-102131 Modify Safety Valves in the CCR Unit	  	2000
	20038528	  	 	6/30/2008	  	  	DC07-102138 Coker COB Economizer Bypass	  	2000
	20038533	  	 	9/30/2007	  	  	DC06-102072 26-D-I ElV	  	2000
	20038560	  	 	10/31/2007	  	  	DC04-101556 503 CCR Compressor K.O. Pots	  	2000
	20038561	  	 	10/31/2007	  	  	DC06-102022 Drill and install new raw water well 4	  	2000
	20038562	  	 	10/31/2007	  	  	DC07-102135 TR1 E-1-7 Water Wash Injection	  	2000
	20038643	  	 	12/31/2007	  	  	DC07-102156 Fire Water Test Heaters	  	2000
	20038645	  	 	12/31/2007	  	  	DC07-102155 New Lab Equipment	  	2000
	20038734	  	 	2/28/2008	  	  	Crude Unit PH Control	  	2000
	20038768	  	 	3/31/2008	  	  	26 E-4 & 6 Poly Plant Upgrade Bundles	  	2000
	20038796	  	 	4/30/2008	  	  	Coker Scrubber Stack-Skimmer	  	2000
	20038798	  	 	4/30/2008	  	  	Coker ARU XV valve & new Hat Install	  	2000
	20038799	  	 	4/30/2008	  	  	Supply UPS Pow to Util-Elec Air Comp	  	2000
	20038823	  	 	5/31/2008	  	  	DC08-102166 Anticoking Baffle SH Steam Check Valve	  	2000
	20038824	  	 	5/31/2008	  	  	DC08-102165 Safety Valves in the Coker Unit	  	2000
	20038830	  	 	5/31/2008	  	  	DC08-102170 22-D-331 Isolation Valves	  	2000
	20038857	  	 	6/30/2008	  	  	DC07-102154 Coker Unit/ Block Valves	  	2000
	20038859	  	 	6/30/2008	  	  	DC08-102167 AntiCoking Baffle Access Manways	  	2000
	20038860	  	 	6/30/2008	  	  	DC07-102159 22 K-1, 22-K-302 Compressor Relia	  	2000
	20038861	  	 	6/30/2008	  	  	DC07-102158 North Flare H2S Monitoring	  	2000
	20038862	  	 	6/30/2008	  	  	DC07-102136 ASU Nitrogen Removal	  	2000
	20038919	  	 	7/31/2008	  	  	DC04-101372-408 Tank Replacement	  	2000
	20038944	  	 	8/31/2008	  	  	DC06-102034 Instrument & Utility Air System lmprov	  	2000
	20038999	  	 	10/31/2008	  	  	DC07-102163 New Coker Flushing (Gland) Oil Filter	  	2000
	20039003	  	 	10/31/2008	  	  	DC06-102021 Drill & Install new raw water Well #3	  	2000
	20039023	  	 	11/30/2008	  	  	DC08-102176 UPS Power to S/D Instruments 21-KM-1	  	2000
	20039067	  	 	12/31/2008	  	  	DC08-102195 Crude LDAR Sample Points	  	2000
	20039070	  	 	12/31/2008	  	  	DC08-102196 Crude Unit Flushing Oil Check Valves	  	2000

 Schedule 1.1(b) – Page 6 

									
	 Asset
	  	 Cap. Date
	 	  	 Asset Description
	  	Asset Class
	20039071	  	 	12/31/2008	  	  	DC07-102084 29-H-101 SIS Modifications	  	2000
	20039072	  	 	12/31/2008	  	  	DC06-102049 CCR Heaters SIS Upgrade	  	2000
	20039078	  	 	12/31/2008	  	  	DC08-102253 Vacuum Tower Boot Quench Modifications	  	2000
	20039088	  	 	12/31/2008	  	  	DC08-102191 29-K-5 Recycle Gas Compressor	  	2000
	20039089	  	 	12/31/2008	  	  	DC06-102005 DCR Crude Vacuum Heater Revamp	  	2000
	20039090	  	 	12/31/2008	  	  	DC07-102086 Crude Vacuum Tower Deep Cut	  	2000
	20039093	  	 	12/31/2008	  	  	CNHTU Safety Shower Installation	  	2000
	20039102	  	 	12/31/2008	  	  	Crude Unit Quench Drum (21-D-201)Upgrade	  	2000
	20039104	  	 	12/31/2008	  	  	Alky Spent Acid Vapor Control	  	2000
	20039109	  	 	12/31/2008	  	  	Coke Handling & Storage Upgrade	  	2000
	20039118	  	 	12/31/2008	  	  	DC08-102243 SRU Sulfur Tank Alarm	  	2000
	20039119	  	 	12/31/2008	  	  	DC07-102128 SRU Pit Vents to Thermal Reactors	  	2000
	20039123	  	 	12/31/2008	  	  	DC07-102160 Crude Emergency Isolation Valves	  	2000
	20039142	  	 	1/31/2009	  	  	DC08-102185 Unit 29 Area Safety Valve Modification	  	2000
	20039144	  	 	1/31/2009	  	  	DC08-102172 Unit 21 block Valves for Safety Valves	  	2000
	20039165	  	 	2/28/2009	  	  	DC08-102177 21-H-701 Desuperheater	  	2000
	20039177	  	 	2/28/2009	  	  	DC08-102189 FCCU DGA/DEA Safety Shower Installation	  	2000
	20039189	  	 	2/28/2009	  	  	DC08-102244 Decant Jumper Line from Tk 281 to Tk 2	  	2000
	20039214	  	 	2/28/2009	  	  	DC08-102263 Refinery Safety Gates	  	2000
	20039260	  	 	3/31/2009	  	  	DC Frozen Earth Storage	  	2000
	20039277	  	 	4/30/2009	  	  	New Coker Scrubber TI’s	  	2000
	20039318	  	 	5/31/2009	  	  	Coker Scrubber Grid Wash	  	2000
	20039405	  	 	8/31/2009	  	  	Crude Pre-Heat Initiative	  	2000
	20039445	  	 	4/30/2009	  	  	Boiler #3 CIS Upgrades	  	2000
	20039446	  	 	4/30/2009	  	  	Boiler #4 CIS Upgrades	  	2000
	20039474	  	 	11/18/2009	  	  	DCR Nitrogen Header Continuation	  	2000
	20039490	  	 	12/31/2009	  	  	Blended Resid Coolers	  	
	11029344	  	 	9/1/2005	  	  	Buildings	  	1100
	11029352	  	 	9/30/2006	  	  	Refinery Fitness Center	  	1100
	11030599	  	 	6/30/2007	  	  	Admin Bldg Canopy Addition	  	1100
	11030655	  	 	7/31/2007	  	  	Warehouse Receiving Dock Canopy Roof	  	1100
	11032103	  	 	5/31/2009	  	  	Facility Siting Upgrades - POLY/ALKY Control Room	  	1100

 Schedule 1.1(b) – Page 7 

									
	 Asset
	  	 Cap. Date
	 	  	 Asset Description
	  	Asset Class
	11032104	  	 	5/31/2009	  	  	Facility Siting Upgrades - CNHTU Control Rm	  	1100
	11032105	  	 	5/27/2009	  	  	Facility Siting Upgrades - Crude Unit	  	1100
	12028388	  	 	9/1/2005	  	  	Land Improvements	  	1200
	12028389	  	 	12/31/2005	  	  	509 FEL for DuPont Plant Offsites	  	1200
	12028480	  	 	3/31/2006	  	  	Signage for Premcor Acquisition	  	1200
	12032274	  	 	7/31/2008	  	  	DC08-102173- Site Prep Temp Construction Trailer	  	1200
	12033393	  	 	12/31/2008	  	  	DC07-102088 Blenders 30” Storm Sewer Line Extend	  	1200
	12033475	  	 	12/31/2008	  	  	DCPP Security Upgrade Gate 1 & 2 TWIC Comp	  	1200
	12035216	  	 	8/24/2009	  	  	DCR Main Gate Warehouse and Admin TWIC “Free Zone”	  	1200
	14010923	  	 	5/31/2006	  	  	Security Signage for Premcor Acq-DC	  	1400
	60004192	  	 	9/1/2005	  	  	Furniture And Fixtures	  	6000
	60004279	  	 	2/28/2007	  	  	Furniture for Admin Building	  	6000
	60004305	  	 	3/31/2007	  	  	Admin Furniture HR and Eng	  	6000
	60004546	  	 	11/30/2007	  	  	DC07-102150 Purchase Office Furniture for BLDG 12	  	6000
	60004547	  	 	11/30/2007	  	  	DC06-102046 New lab Chromatograph Equip	  	6000
	60004591	  	 	6/30/2008	  	  	DC08-102169 Furniture for lnsp.- Bldg 13	  	6000
	60004605	  	 	11/30/2008	  	  	DC07-102153 - Office Furniture Admin 2nd FL	  	6000
	60004618	  	 	11/30/2008	  	  	DC08-102239 Furniture for NW Acres Office Complex	  	6000
	33000269	  	 	9/1/2005	  	  	Laboratory Equipment	  	3300
	33000270	  	 	12/31/2005	  	  	DC05 566 Oil Analysis Equipment	  	3300
	33000278	  	 	10/31/2006	  	  	Automated Lab Titration Equipment	  	3300
	33000323	  	 	11/30/2007	  	  	DC07-102142 LAB DHA, HRGA, and TOC Analyzer Equip	  	3300
	33000423	  	 	12/31/2008	  	  	DC08-102264 Lab Analyzer Equipment 2008	  	3300
	33000452	  	 	4/28/2009	  	  	DRUM Washer/ Crusher	  	3300
	80000179	  	 	9/1/2005	  	  	Communications And Control Systems	  	8000
	80000184	  	 	9/30/2006	  	  	593 Security Gate 2 ASU Card Readers	  	8000
	80000188	  	 	12/21/2006	  	  	Infrastructure - Cable Plant Upg - DCRF	  	8000
	80000191	  	 	1/31/2007	  	  	BASIS Badging System	  	8000
	80000197	  	 	6/30/2007	  	  	DCPP Intelatrac Implementation	  	8000
	80000212	  	 	1/31/2009	  	  	DC08-102246 DCR Operations CCTV System	  	8000
	80000217	  	 	8/31/2009	  	  	DCR Radio Communications Upgrade	  	8000
	70000763	  	 	9/1/2005	  	  	Computer Equipment	  	7000

 Schedule 1.1(b) – Page 8 

											
	 Asset
	 	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	 	70000764	  	  	 	1/2005	  	  	DC04 655 RCM Implementation	  	7000
	 	70000765	  	  	 	12/31/2005	  	  	DC04 526 Blenders Boss Controller Replace	  	7000
	 	70000769	  	  	 	9/30/2006	  	  	Refinery WAN Router Upgrade - Delaware	  	7000
	 	70000773	  	  	 	9/30/2006	  	  	PC Replacement and Infrastructure DCRF	  	7000
	 	70000823	  	  	 	3/31/2007	  	  	2007 Desktop H/W Replacement - DEDCRF	  	7000
	 	70000844	  	  	 	12/31/2007	  	  	Inst new VoIP infrastructure & ph syst	  	7000
	 	71003694	  	  	 	9/30/2006	  	  	VMWare/SAN Implementation - Delaware City	  	7100
	 	71003695	  	  	 	9/30/2006	  	  	Instrument Interfacing - DCRF	  	7100
	 	71003701	  	  	 	9/30/2006	  	  	Rollout of Whse Handheld Device/Barcode - DC	  	7100
	 	71003704	  	  	 	6/19/2006	  	  	Premcor Acquisition - DC Computer Hardware	  	7100
	 	71003778	  	  	 	11/12/2006	  	  	Process Control Network Security Enh. - DC	  	7100
	 	71003803	  	  	 	1/8/2007	  	  	Delaware City Track Implementation	  	7100
	 	71004155	  	  	 	10/31/2007	  	  	DC07-102091 CCR Distributed Control Sys Upgrade	  	7100
	 	71004196	  	  	 	11/30/2007	  	  	Refinery Tkt Imaging &Rpt Automation - DC	  	7100
	 	71004249	  	  	 	1/31/2008	  	  	NetScout- Delaware	  	7100
	 	71004256	  	  	 	1/31/2008	  	  	WAN Optimization - Delaware	  	7100
	 	71004324	  	  	 	3/31/2008	  	  	2008 Desktop H/W Replacement - DCRF	  	7100
	 	71004443	  	  	 	9/30/2008	  	  	VCSO8-ISl87 SCCM 2007 Upgrade - DC HW	  	7100
	 	71004486	  	  	 	8/31/2008	  	  	VCSO8-IS088 Refinery Voice/Network Tech Refresh	  	7100
	 	71004513	  	  	 	1/1/2009	  	  	DCOS-IS078 2008 I/S Generator System - DCRF	  	7100
	 	71004644	  	  	 	7/14/2009	  	  	Oil Mvmt System Foxboro Install - DCRF	  	7100
	 	71004756	  	  	 	9/30/2009	  	  	VCSO9-IS062 2009 PC Replacement - Refineries HW DC	  	7100
	 	72001671	  	  	 	3/31/2009	  	  	Desulfurizer DCS Reliability Initiative	  	7200
	 	72001672	  	  	 	3/31/2009	  	  	Crude Unit DCS Upgrade	  	7200
	 	998982	  	  	 	11/30/2008	  	  	Instruments - Material	  	90001
	 	998983	  	  	 	3/31/2008	  	  	Towers/Reactors - Material	  	90001
	 	1007043	  	  	 	8/31/2008	  	  	Pipe/Flanges/Fittings - Material	  	90001
	 	1011003	  	  	 	11/30/2008	  	  	Pipe/Flanges/Fittings - Phase 3	  	90001
	 	1011528	  	  	 	10/31/2008	  	  	Pipe/Flanges/Fittings - Phase 3	  	90001
	 	1011529	  	  	 	12/31/2008	  	  	Valve - Phase3	  	90001
	 	1012292	  	  	 	10/31/2008	  	  	Transfer in from DCO6-102045 - Materials	  	90001
	 	1015821	  	  	 	5/31/2009	  	  	Pumps - Phase 3	  	90001

 Schedule 1.1(b) – Page 9 

											
	 Asset
	 	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	 	1015822	  	  	 	2/28/2009	  	  	Mixers- Phase 3	  	90001
	 	1015823	  	  	 	3/31/2009	  	  	Towers/Reactors- Phase 3	  	90001
	 	1015824	  	  	 	6/30/2009	  	  	Storage Tanks- Phase 3	  	90001
	 	1020546	  	  	 	10/31/2009	  	  	Concrete and Foundations- Contractor	  	90001
	 	1020548	  	  	 	8/31/2009	  	  	Structural Steel- Material	  	90001
	 	1020550	  	  	 	6/30/2009	  	  	Pipe/Flanges/ Fittings- Material	  	90001
	 	1020556	  	  	 	9/30/2009	  	  	Electrical- Material	  	90001
	 	1020558	  	  	 	6/30/2009	  	  	Instruments- Material	  	90001
	 	1020572	  	  	 	6/30/2009	  	  	Misc. Equip’t & Spare Parts- Materials	  	90001
	 	1020575	  	  	 	5/31/2009	  	  	Other- Materials	  	90001
	 	1020722	  	  	 	8/31/2009	  	  	Other - Material	  	90001
	 	1021317	  	  	 	9/30/2009	  	  	Structural Steel	  	90001
	 	1021340	  	  	 	7/31/2009	  	  	Structural Steel - Material	  	90001
	 	1021344	  	  	 	7/31/2009	  	  	Valve - Material	  	90001
	 	1021346	  	  	 	8/31/2009	  	  	Electrical - Material	  	90001
	 	1021351	  	  	 	7/31/2009	  	  	Misc. Equip’t & Spare Parts - Materials	  	90001
	 	20037490	  	  	 	9/1/2005	  	  	GASIFICATION PLANT	  	2000
	 	20037492	  	  	 	9/1/2005	  	  	Steam & Condensate Systems (Gasifier)	  	2000
	 	20037493	  	  	 	9/1/2005	  	  	Electrical Power Generation & Distribution (Gasifier)	  	2000
	 	20037679	  	  	 	7/26/2006	  	  	CT2 2nd Stage Hot Gas Path Parts (Gasifier)	  	2000
	 	20037681	  	  	 	7/26/2006	  	  	CTl 1st & 3rd Stage Hot Gas Path Parts (Gasifier)	  	2000
	 	20037702	  	  	 	9/30/2006	  	  	706 Brackish Water Header System (Gasifier)	  	2000
	 	20039534	  	  	 	12/31/2009	  	  	Combined Cycle Power Plant (excluding TG-3)	  	Group
	 	20038858	  	  	 	6/30/2008	  	  	DC06-102058 l5KV Breaker for TG-3 (Gasifier)	  	2000
				  				  	Turbo-generators 1,2,3 and 4 (TG’s 1-4)	  	
				
				  				  	CT’s 1 and 2 and associated HRSGs and associated spare parts	  	
				
				  				  	Air Separation Unit (ASU)	  	
				
				  				  	DCS system and controls	  	

 Schedule 1.1(b) – Page 10 

 Section 1.1(c) 

Tangible Personal Property Stored Offsite 
  

	1.	Dresser Rand provides storage and rotation, if needed, for certain large rotors unique to the Refinery’s rotating equipment, under a Valero Multi-Site Agreement.
Storage costs are estimated at $45,000 for six months of storage. Because these are being stored pursuant to a Multi-Site Agreement, Buyer will need to make its own arrangements for the storage of these rotors after Closing, and Buyer will be
required to pay (or reimburse Valero for) any storage costs associated with them after Closing. Following is a list of the rotors, all of which are included in the Assets: 

 

							
	 Manufacturer
	 	Model No.	 	Client Reference	 	Unit S/N
	Ingersoll Rand	 	11 Stage Impulse	 	23KT-2	 	1818
	Ingersoll Rand	 	MTA-477	 	23K-2	 	1819
	Delaval	 	5BL(2)44	 	27K-101	 	708931
	Ingersoll Rand	 	11 Stage, 12000 Frame	 	22KT-1	 	1847
	Dresser Rand	 	MTGB-542	 	25K-1A (Re Rate2)	 	1891
	Dresser Rand	 	3M6-5	 	22K-302AA	 	3/5/4907
	Dresser Rand	 	2M10-8	 	22K-302AB	 	2/8/4880
	Tubodyne	 	S2T5	 	22KT-302	 	37024
	Sulzer	 	RIK140-6	 	83K-0001	 	28374V11104
	Elliot	 	2SBH2	 	27KT1	 	C003709
	Ingersoll Rand	 	12 Stage Impulse, Condensing	 	23KT-1	 	1801
	Ingersoll Rand	 	MTG652	 	24-K-1/2	 	1841/1843
	Murray	 	RG4	 	27-KT-101	 	5195
	Elliot	 	18P450	 	27K1	 	3417
	Dresser Rand	 	745B6	 	42K1	 	7174
	Dresser Rand	 	MTG-652	 	24K1/2R1	 	1841/1843
	Dresser Rand	 	MTG-652	 	24K1/2R2	 	1841/1843
	Dresser Rand	 	MTG-652	 	24K1/2R3	 	1841/1843
	Dresser Rand	 	1100	 	24KT1/2R1	 	1840/1842
	Dresser Rand	 	1100	 	24KT1/2R2	 	1840/1842
	Dresser Rand	 	1100	 	24KT1/2R3	 	1840/1842

  

	2.	Chalmers & Kubeck provides storage and repair of pressure safety valves (PSV) for the Refinery under Premcor National Service Agreement (Contract No.
DC04NS070), which is included in the Assigned Contracts. All of the Refinery PSVs stored with Chalmers & Kubeck are included in the Assets. When required for use at the Refinery, vendor is notified and tests and certifies the PSV prior to
shipping to Refinery. Refinery pays for the costs of the test/certification but the storage has historically been without charge. Seller has been advised that if 

	  	Buyer wishes to have the PSVs delivered to the Refinery, the delivery costs are estimated to be $6,600, and the PSVs will be delivered on 40-45 pallets.

  

	3.	Harbison-Walker Refractories (“HWR”) is storing some Refinery refractory brick (which we believe is related to the gasifier) in its facility in Leetsdale,
Pennsylvania, pursuant to PO No. 4501381966 issued by Premcor Refining on February 7, 2008. All such brick is included in the Assets. Following is a list of the brick stored by HWR; this list was provided by HWR: 

 

																	
	 Item #
	  	 Brand
	  	 Size / Shape
	  	Pcs /
Pal	 	  	No
of Pal	 	  	Total
Pcs	 
	97749	  	AUREX 75	  	SRTI-903 GS GF	  	 	52	  	  	 	1	  	  	 	52	  
	97752	  	AUREX 75	  	SRTI-906 GS GF	  	 	96	  	  	 	1	  	  	 	96	  
	81861	  	AUREX 75	  	Tl-938 GS GF	  	 	60	  	  	 	1	  	  	 	60	  
	81861	  	AUREX 75	  	TI-938 GS GF	  	 	33	  	  	 	1	  	  	 	33	  
	97748	  	AUREX 75	  	SRTI-902 GS GF	  	 	40	  	  	 	1	  	  	 	40	  
	97751	  	AUREX 75	  	SRTI-905 GS GF	  	 	42	  	  	 	2	  	  	 	84	  
	132157	  	AUREX 75	  	9 X (4 1/2-3 1/2) X 100MM KEY 01	  	 	102	  	  	 	2	  	  	 	204	  
	81863	  	AUREX 75	  	9 X (4 1/2-3 1/2) X 100MM KEY 02	  	 	114	  	  	 	1	  	  	 	114	  
	81863	  	AUREX 75	  	9 X (4 1/2-3 1/2) X 100MM KEY 02	  	 	113	  	  	 	1	  	  	 	113	  
	81863	  	AUREX 75	  	9 X (4 1/2-3 1/2) X 100MM KEY 02	  	 	39	  	  	 	1	  	  	 	39	  

 Section 1.1(d) 

Certain Permitted Liens 
  

	1.	Rights of access to the Refinery and other rights granted to Motiva Enterprises LLC and obligations imposed upon the Refinery owner under that certain Access Agreement
between Motiva Enterprises LLC and Premcor Refining dated April 30, 2004. 

  

	2.	The following unrecorded leases: 

  

	 	a.	Agricultural Lease, dated January 11, 2010, between The Premcor Refining Group Inc., as landlord, and Kenny Lester, as tenant, with respect to approximately 220
acres of land (Fields #46, 47, 48 and 18, per Map #1201-110- CE99). 

  

	 	b.	Agricultural Lease, dated January 11, 2010, between The Premcor Refining Group Inc., as landlord, and Philip Proud, as tenant, with respect to approximately 373
acres of land (Fields #49, 50, 51, 52, 53, 13, 14, plus 2 unnumbered fields – approximately 30 acres each, all as per Map #1201-110-CE99). 

  

	 	c.	Agricultural Lease, dated January 11, 2010, between The Premcor Refining Group Inc., as landlord, and Hill Farming, LLC, as tenant, with respect to approximately 384
acres of land (Fields #DC-1, DC-2, DC-3, DC-4, DC-5, DC-6, DC-7, DC-8, DC-9, DC-l0, DC-11, DC-12, DC-13, DC-l4, DC-15, DC-l8, 19). 

  

	 	d.	Lease Agreement, dated May 11, 2006, by and between Valero Terminaling and Distribution Company (as agent for The Premcor Refining Group Inc.), as landlord, and BRT,
Inc., as Tenant, with respect to one truck parking space at the truck rack terminal, as amended and clarified by the Confirmation of Agency Relationship, Assignment and Assumption of Lease and Clarification of Lease Terms, dated October 1,
2009, which clarified that The Premcor Refining Group Inc. was the landlord and increased the number parking spaces from one to two. 

  

	 	e.	Lease Agreement, dated May 1, 2005, between The Premcor Refining Group Inc., as landlord, and Eagle Transport Corporation, as tenant, with respect to one truck
parking space and a 550 s.f. office at the truck rack terminal. 

  

	3.	Intentionally deleted 

  

	4.	Intentionally deleted 

  

	5.	DECLARATION OF RESTRICTIONS by Star Enterprise, a New York general partnership dated October 30, 1991 and recorded in the Office aforesaid on November 15,
1991 in Deed Record 1255, Page 57. 

	6.	DECLARATION OF RESTRICTIONS by IPI Ventures, LLC and joined into by The Premcor Refining Group Inc., dated September 22, 2004 and recorded in the Office aforesaid
on November 10, 2004 in Document No. 20041110-0122199. 

  

	7.	EASEMENT AGREEMENT (ACCESS) between Star Enterprise, a New York general partnership to Standard Chlorine of Delaware, Inc., a Delaware corporation dated April 29,
1998 and recorded in the Office aforesaid on May 8, 1998 in Deed Record 2439, Page 20. 

  

	8.	AFFIDAVIT OF OWNERSHIP as set forth in Document No. 20060803-0073714. 

 

	9.	AFFIDAVIT AND ASSIGNMENT OF RIGHTS-OF-WAY AND PERMITS between Shell Pipeline Company LP, a Delaware limited partnership and The Premcor Pipeline Co., a Delaware
corporation dated April 16, 2009 and recorded in the Office aforesaid on July 29, 2009 in Document No. 200907290050228. 

  

	10.	FIRST AMENDMENT TO EASEMENT AND RIGHT OF WAY AGREEMENT between The Premcor Refining Group Inc., a corporation of the State of Delaware and Delmarva Power &
Light Company, a corporation of the State of Delaware and the Commonwealth of Virginia, dated August 1, 2009 and recorded in the Office aforesaid on September 15, 2009 in Document No. 20090915-0060069. 

 

	11.	CONSERVATION EASEMENT by The Premcor Refining Group Inc., and The State of Delaware acting by and through the Department of Natural Resources and Environmental Control,
dated June 20, 2005 and recorded in the Office aforesaid in Document No. 20050823-0084746. 

  

	12.	CONSERVATION EASEMENT by The Premcor Refining Group Inc., and the State of Delaware acting by and through the Department of Natural Resources and Environmental Control,
dated August 25, 2005 and recorded in the Office aforesaid in Document No. 20050830-0087550. 

  

	13.	CONSERVATION EASEMENT by The Premcor Refining Group, Inc., and the State of Delaware acting by an through the Department of Natural Resources and Environmental Control,
dated November 20, 2007 and recorded in the Office aforesaid on November 28, 2007 in Document No. 20071128-0101680. 

  

	14.	INDENTURE OF EASEMENT regarding easement to Delaware Department of Transportation to construct water control devices between Tidewater Oil Company, a Delaware
corporation and the State of Delaware dated August 26, 1966 and recorded in the Office aforesaid on December 1, 1966 in Deed Record E, Volume 78, Page 105. 

 

	15.	EASEMENT AGREEMENT between Motiva Enterprises LLC, a Delaware limited liability company and Delmarva Power & Light Company, a corporation of the State

	 	
of Delaware and the Commonwealth of Virginia dated August 14, 2002 and recorded in the Office aforesaid on September 20, 2002 in Document No. 20020920-0090634.

  

	16.	EASEMENT AGREEMENT from Motiva Enterprises LLC, a Delaware limited liability company and Delmarva power & Light Company, a corporation of the State of Delaware
dated August 14, 2002 and recorded in the Office aforesaid on September 20, 2002 in Document No. 20020920-0090637. 

  

	17.	EASEMENT AGREEMENT between Colonial School District and The Premcor Refining Group Inc., dated June 30, 2006 and recorded in the Office aforesaid in Document No.
200607190068768. 

  

	18.	EASEMENT AGREEMENT between New Castle County and The Premcor Refining Group Inc., dated March 12, 2007 and recorded in the Office aforesaid in Document
No. 20070312-0023387. 

  

	19.	EASEMENT AGREEMENT between the Colonial School District and State of Delaware, dated July 17, 2008 and recorded in the Office aforesaid in Document No.
200807220050169. 

  

	20.	MEMORANDUM OF ESCROW AGREEMENT between Star Enterprise, a New York General partnership and Delmarva Power & light Company, a Delaware and Virginia corporation
dated August 12, 1993 and recorded in the Office aforesaid on August 19, 1993 in Deed Record 1574, Page 23. 

  

	21.	EASEMENT FOR GAS PIPELINE between Getty Refining and marketing Company and Getty Pipeline, Inc., dated March 8, 1983 and recorded in the Office aforesaid on
March 11, 1983 in deed record L, Volume 121, Page 165. 

  

	22.	EASEMENT AGREEMENT FOR UNDERGROUND GAS MAIN between Tidewater oil Company, a corporation of the State of Delaware and Delaware Power & Light Company, a
Delaware corporation, dated July 22, 1965 and recorded in the Office aforesaid on August 16, 1965 in Deed Record R, Volume 75, Page 39. 

  

	23.	GRANT OF EASEMENT AND RIGHT OF WAY from Getty Oil Company, a Delaware corporation to Eastern Shore Natural Gas Company, a Delaware corporation to construct a pipeline
dated September 9, 1971 and recorded in the Office aforesaid on September 17, 1975 in Deed Record X, Volume 90, Page 593. 

  

	24.	PERMANENT EASEMENT AGREEMENT between Motiva Enterprises, LLC, a Delaware limited liability company and The State of Delaware by and through the Department of
Transportation, dated June 3, 2003 and recorded in the Office aforesaid on September 5, 2003 in Document No. 20030905-0110819. 

  

	25.	PERMANENT GAS EASEMENT AGREEMENT from Motiva Enterprises LLC, a Delaware limited liability company and Delmarva Power & Light Company, a

	 	
corporation of the State of Delaware and the Commonwealth of Virginia dated and recorded October 19, 1998 in the Office aforesaid in Deed Record 2525, Page 344. 

 

	26.	PERMANENT GAS EASEMENT AGREEMENT between Motiva Enterprises LLC, a Delaware limited liability company and Eastern Shore National Gas Company, a Delaware corporation
dated February 1, 1999 and recorded in the Office aforesaid on February 3, 2000 in Deed Record 2779, Page 238. 

  

	27.	PERMANENT GAS EASEMENT AGREEMENT between Motiva Enterprises LLC, a Delaware limited liability company and Eastern Shore National Gas Company, a Delaware corporation
dated February 2, 1999 and recorded in the Office aforesaid on February 3, 2000 in Deed Record 2779, Page 244. 

  

	28.	DECLARATION AND NOTICE OF LAND USE FOR HAZARDOUS WASTE MANAGEMENT by Getty Refining and Marketing Company, a corporation of the State of Delaware, dated July 26,
1983 and recorded in the Office aforesaid on July 29, 1983 in Deed Record E, Volume 123, Page 238. 

  

	29.	DECLARATION AND NOTICE OF LAND USE FOR HAZARDOUS WASTE MANAGEMENT by Star Enterprise, a general partnership organized under the New York Uniform Partnership Act dated
August 6, 1997 and recorded in the Office aforesaid on August 15, 1997 in Deed Record 2314, Page 241. 

  

	30.	LAND DEVELOPMENT IMPROVEMENT AGREEMENT between Motiva Enterprises, LLC and New Castle County, a political subdivision of the State of Delaware dated January 17,
2003 and recorded in the Office aforesaid on January 30, 2003 in Document No. 20030130-0012906. 

  

	31.	LAND DEVELOPMENT IMPROVEMENT AGREEMENT between Premcor Refining Group, Inc. and New Castle County dated August 19, 2005 and recorded in the office aforesaid on
August 26, 2005 in Document No. 20050826-0086258. 

  

	32.	LAND DEVELOPMENT IMPROVEMENT AGREEMENT by and between Premcor Refining Group Inc. and New Castle County, dated November 20, 2006 and recorded in the Office
aforesaid on January 4, 2007 in Document No. 20070104-0001091. 

  

	33.	LAND DEVELOPMENT IMPROVEMENT AGREEMENT between Premcor Refining Group and New Castle County, dated May 14, 2007 and recorded in the Office aforesaid in Document
No. 20070621-0055691. 

  

	34.	PIPELINE RIGHT OF WAY GRANTS between Getty Refining and Marketing Company and Getty Pipeline, Inc., dated March 6, 1984 and recorded in the Office aforesaid on
January 10, 1985 in Deed Record 194, Page 229; Deed Record 194, Page 240 and Deed Record 194, Page 245. 

	35.	GRANT OF RIGHT OF WAY TO CONSTRUCT AND MAINTAIN A METERING AND REGULATING STATION AND TO INSTALL A PIPELINE from Star Enterprise, a general partnership formed under the
New York Uniform Partnership Act, to Eastern Shore National Gas Company, a Delaware corporation, dated April 3, 1992 and recorded April 9, 1992 in the Office aforesaid in Deed Record 1314, Page 87. 

 

	36.	POST-CLOSURE NOTICE given by Motiva Enterprises LLC, dated January 7, 2004 and recorded in the Office aforesaid on January 9, 2004 in Document
No. 20040109-0004557. 

  

	37.	POST-CLOSURE NOTICE given by The Premcor Refining Group Inc., as set forth in Document No. 20050825-0086154. 

 

	38.	RIGHT OF WAY AGREEMENT FOR RAILROAD SPUR between Tidewater oil Company, a corporation of the State of Delaware and The Philadelphia, Baltimore and Washington Railroad
Company, a Delaware corporation dated November 22, 1966 and recorded in the office aforesaid on February 3, 1967 in deed Record M, Volume 78, Page 156. 

 

	39.	RIGHT OF WAY AGREEMENT TO CONNECT TO RAILROAD LINE between Tidewater Oil Company, a corporation of the State of Delaware and Standard Chlorine of Delaware,
Incorporated, a corporation of the State of Delaware, dated December 21, 1965 and recorded in the Office aforesaid on March 1, 1966 in Deed records S, Volume 76, Page 137. 

 

	40.	DECLARATION OF RECIPROCAL EASEMENT by Star Enterprise, a Delaware corporation dated July 27, 1993 and recorded in the Office aforesaid on August 6, 1993 in
Deed Record 1568, Page 205. 

  

	41.	RESERVATIONS contained in Deed from Star Enterprise, a New York general partnership to Motiva Enterprises LLC, a Delaware limited liability company, dated
October 1, 1998, and recorded in the Office aforesaid in Deed Record 2567, Page 286. 

  

	42.	TEN FEET WIDE RIGHT OF WAY as shown on a survey by Dixie Line Surveys, Inc., for those portions of the Insured premises identified as parcels 1 and 2, set forth in Deed
between Tidewater Oil Company and Stauffer Chemical Company, dated December 6, 1960 and recorded December 9, 1960 in the Office aforesaid in Deed Record D, Volume 67, Page 453. 

 

	43.	RIGHT OF WAY AGREEMENT between Tidewater Oil Company, a corporation of the State of Delaware and Air Products and Chemicals, Inc., a corporation of the State of
Delaware dated June 21, 1962 and recorded in the Office aforesaid on August 27, 1962 in Deed Record W, Volume 69, Page 608. 

	44.	DECLARATION OF EASEMENT (STORMWATER MANAGEMENT) from Star Enterprise, a New York general partnership to Standard Chlorine of Delaware, a Delaware corporation dated
April 29, 1998 and recorded in the Office aforesaid on May 8, 1998 in Deed Record 2439, Page 16. 

  

	45.	SUB AQUEOUS LANDS LEASE AND PERMIT granted to The Premcor Refining Group Inc., recorded in the Office aforesaid on December 30, 2008 in Document
No. 20081230-0081610 

  

	46.	SURFACE LEASE between Getty Refining and Marketing Company, a Delaware corporation and Getty Pipeline, Inc., a Delaware corporation dated March 6, 1984 and
recorded in the Office aforesaid on January 10, 1985 in Deed Record 194, Page 255. 

  

	47.	TERMS, CONDITIONS, RESTRICTIONS, COVENANTS, EASEMENTS AND RIGHTS OF WAY as set forth on Boundary Survey for Lands of Star Enterprises, dated May 11,
1998, May 14, 1998, May 20, 1998 and October 20, 1998 for various parcels, prepared by Dixie Line Surveys, Inc., as listed below: 

  

	 	a.	Parcel 4B: exceptions include those portions within the right-of-way of Governor Lea Road. 

 

	 	b.	Parcel 4A: exceptions include those portions within the rights-of-way of Schoolhouse Road and Governor Lea Road; the permanent drainage easement on the northeasterly
side of Road 406 and the utility poles along Delaware Route 1 

  

	 	c.	Parcel 2: exceptions include 6 feet wide right-of-way for sewers to Stauffer Chemical (not recorded) along northerly boundary and the 40 feet wide Delmarva
Power & Light Co. easement along with River Road right-of-way (including reference in Deed Record S, Volume 69, Page 592) 

  

	 	d.	Parcel 1: exceptions include the waters of Dragon Run Creek, the North Drain of Dragon run Creek Water, a 10 feet wide right-of-way for Stauffer Chemical along the
northerly boundary of the parcel, a 40 feet wide Delmarva Power & Light Co. easement along the St. George’s Clerks Corner Road (including reference Deed Record S, Volume 69, page 592) and the Bridge No. 308 Taking (reference Deed
Record B, Volume 106, Page 7) 

  

	 	e.	Parcel 6: exceptions include the waters of Doll Run; 

  

	 	f.	Parcel 3B: exceptions include the area leased to Getty Pipeline Inc., 5 feet Wide right-of-way for sewers to Stauffer Chemical Co. and the 40 feet DPI & L
right-of-way; rights of others to an alley running northerly from Williams Street west of Jefferson Street and 20 feet wide easement for walkway in southeasterly area of the property. 

	48.	UTILITY AGREEMENT regarding electrical easement by and between Tidewater Oil Company, a corporation of the State of Delaware and Delmarva Power & Light
Company, a Delaware corporation dated July 3, 1967 and recorded in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware on March 15, 1972, at Deed Record A, Volume 86, Page 503. 

 

	49.	EASEMENT AND RIGHT OF WAY AGREEMENT FOR ELECTRIC, GAS, WATER, SEWER, ETC., from Star Enterprise, a general partnership formed under the New York Uniform Partnership Act
to Delmarva Power & Light Company, a corporation of the State of Delaware dated and recorded December 31, 1991 in the Office aforesaid in Deed Record 1271, Page 289. 

 

	50.	ELECTRIC DISTRIBUTION EASEMENT AND RIGHT OF WAY AGREEMENT between Star Enterprise, a New York general partnership and Delmarva Power & Light Company dated
January 15, 1993 and recorded in the Office aforesaid on April 28, 1993 in Deed record 1511, Page 99. 

  

	51.	ELECTRIC DISTRIBUTION LINE EASEMENT AGREEMENT from Star Enterprise, a New York general partnership to Delmarva Power & Light Company dated November 28,
1990 and recorded in the Office aforesaid on January 11, 1994 in Deed Record 1659, Page 212. 

  

	52.	UTILITY EASEMENT AGREEMENT TO INSTALL A GAS LINE between Motiva Enterprises LLC and Delmarva Power & Light Company, a corporation of the State of Delaware and
the Commonwealth of Virginia dated October 31, 2001 and recorded in the Office aforesaid on November 16, 2001 in Document No. 20011116-0095290. 

  

	53.	EASEMENTS RESERVED IN DEED between Motiva Enterprises LLC, a Delaware limited liability company and Delmarva Power & Light Company, a corporation of the State
of Delaware dated August 14, 2002 and recorded in the Office aforesaid on September 20, 2002 in Document No. 20020920-0090630. 

  

	54.	RESERVATION APPEARING IN DEED from Delmarva Power & Light Company, a corporation of the State of Delaware and the Commonwealth of Virginia to Motiva
Enterprises LLC, a Delaware limited liability company, dated June 25, 2002 and recorded September 20, 2002 in the Office aforesaid in Document No. 20020920-0090631. 

 

	55.	EASEMENT AGREEMENT REGARDING ELECTRIC AND GAS DISTRIBUTION SYSTEMS between Motiva Enterprises LLC, a Delaware limited liability company and Delmarva Power &
Light Company, a corporation of the State of Delaware dated August 14, 2002 and recorded in the Office aforesaid on September 20, 2002 in Document No. 20020920-0090635. 

 

	56.	AGREEMENT FOR UNDERGROUND POWER LINES between Getty Refining and Marketing Company, a corporation of the State of Delaware and Delmarva Power 

	 	& Light Company, a Delaware corporation, dated January 2, 1979 and recorded in the Office aforesaid on January 26, 1979 in deed record L, Volume 104, Page
97. this Agreement supercedes and cancels prior Agreement between Getty Oil Company (Eastern Operations), Inc., a corporation of the State of Delaware and Delmarva Power & Light Company, a Delaware corporation, dated March 19, 1976 and
recorded on April 9, 1976 in Deed Record U, Volume 92, Page 34. 

  

	57.	UTILITY EASEMENT AGREEMENT from Star Enterprise, a New York general partnership to Delmarva Power & Light Company, a corporation of the State of Delaware and
the Commonwealth of Virginia for electric, gas and communication facilities dated October 7, 1997 and recorded in the Office aforesaid on November 24, 1997 in Deed Record 2361, Page 34. 

 

	58.	UTILITY EASEMENT AGREEMENT between The Premcor Refining Group Inc., and Delmarva Power & Light Company, a corporation of the State of Delaware and the
Commonwealth of Virginia, dated June 15, 2006 and recorded September 27, 2006 in Document No. 20060927-0092303. 

  

	59.	AGREEMENT TO CONSTRUCT OVERHEAD POWER LINES between Getty Oil Company, a corporation of the State of Delaware and Delmarva Power & Light Company, a Delaware
corporation dated May 15, 1970 and recorded in the Office aforesaid on January 11, 1971 in Deed Record M, Volume 84, Page 523. 

  

	60.	AGREEMENT TO CONSTRUCT OVERHEAD POWER LINES between Tidewater Oil Company, a corporation of the State of Delaware and Delmarva Power & Light Company, a
Delaware corporation dated July 16, 1964 and recorded in the Office aforesaid on August 25, 1964 in Deed Record P, Volume 73, Page 314. 

  

	61.	EASEMENT FOR INSTALLATION OF ELECTRIC LINES between Getty Refining and Marketing Company, a corporation of the State of Delaware and Delmarva Power & Light Company,
a corporation of the State of Delaware and the Commonwealth of Virginia dated January 10, l983 and recorded in the Office aforesaid on August 31, 1983 in deed Record P, Volume 123, Page 280. 

 

	62.	AGREEMENT TO INSTALL OVERHEAD ELECTRIC POWER LINES between Getty Oil Company (Eastern Operations), Inc., a corporation of the State of Delaware and Delmarva
Power & Light Company, a corporation of the State of Delaware dated April 23, 1973 and recorded in the Office aforesaid on May 21, 1973 in Deed Record T, Volume 87, Page 442. 

 

	63.	AGREEMENT TO INSTALL OVERHEAD ELECTRICAL LINE AND GAS MAIN between Tidewater Oil Company, a corporation of the State of Delaware and Delaware Power & Light
Company, a Delaware corporation dated July 22, 1965 and recorded September 29, 1965 in Deed Record W, Volume 75, Page 397. This Agreement supersedes and cancels prior Agreements between Tidewater Oil Company, a corporation of the State of
Delaware and Delaware Power & Light 

	 	
Company, a Delaware corporation dated December 24, 1964 and recorded on January 28, 1965 in Deed Record M, Volume 74, Page 255 and Agreement dated June 22, 1962 and recorded
July 30, 1962 in Deed Record S, Volume 69, Page 592. 

  

	64.	AGREEMENT REGARDING GRANTING OF RIGHTS OF WAY AND EASEMENTS between Tidewater Oil Company, a corporation of the State of Delaware and Delaware Power & Light
Company, a corporation of the State of Delaware dated October 21, 1965 and recorded in the Office aforesaid on October 24, 1966 in Deed Record Y, Volume 77, page 519; as amended by Agreement between Getty Oil Company, a Delaware
corporation and Delmarva Power & Light Company, a Delaware corporation dated April 29, 1970 and recorded in the Office aforesaid on July 24, 1970 in deed Record X, Volume 83, Page 90 and as further amended by Agreement between
Getty Oil Company (Eastern Operations), Inc., a Delaware corporation and Delmarva Power & Light Company, a Delaware corporation dated June 8, 1973 and recorded in the Office aforesaid on August 22, 1973 in Deed Record E, Volume
88, Page 349. 

  

	65.	EASEMENT AGREEMENT (ELECTRIC POWER LINE) between Tidewater Oil Company, a Delaware corporation and Diamond Alkali Company, a Delaware corporation dated March 14,
1966 and recorded in the Office aforesaid on February 7, 1969 in Deed Record Z, Volume 81, Page 10. 

  

	66.	EXCEPTIONS AS CONTAINED IN SPECIAL WARRANTY DEED from Texaco Refining and Marketing, Inc., a Delaware corporation to Star Enterprise, a New York general partnership,
dated December 31, 1988 and recorded in the Office aforesaid in Deed Record 814, Page 314. 

  

	67.	EASEMENT FOR WATER LINES between Texaco Refining and marketing, Inc. and Wilmington Suburban Water Corporation dated September 23, 1987 and recorded in the Office
aforesaid on November 3, 1987 in Deed Record 620, Page 246. 

  

	68.	AGREEMENT REGARDING DISCHARGE OF WASTEWATER between Star Enterprise, a New York general partnership and American Mirrex Corporation, a Delaware corporation dated
March 29, 1993 and recorded in the Office aforesaid on July 22, 1993 in Deed record 1560, Page 18. 

  

	69.	EASEMENT REGARDING INSTALLATION OF A WATER MAIN AND WATER LINES from Star Enterprise, a New York general partnership to united Water Delaware, dated July 24, 1996
and recorded in the Office aforesaid on August 19, 1996 in Deed Record 2154, Page 239. 

  

	70.	AGREEMENT TO CONSTRUCT AND MAINTAIN MONITORING WELLS between Getty refining and Marketing Company, a corporation of the State of Delaware and Delmarva Power &
Light Company, a corporation of the State of Delaware and the Commonwealth of Virginia, dated February 18, 1982 and recorded in the Office aforesaid on March 3, 1982 in Deed Record T, Volume 117, Page 113. 

	71.	RECORD MINOR SUBDIVISION PLAN Delmarva Power, as recorded in the office aforesaid on December 9, 1997 in Microfilm No. 4672. Exceptions include: Building
Setback Line (no depth given) along River Road. 

  

	72.	RECORD MINOR LAND DEVELOPMENT AND SUBDIVISION PLAN for Star Enterprise – Repowering Project as recorded in the Office aforesaid on August 18, 1997 in
Microfilm No. 13276. Exceptions include: Extinguishment of a portion of 30 feet wide access easement; building restriction line of 40 feet in depth; existing 30 feet wide access easements; utilities lines as shown on the plan; General Notes.

  

	73.	RECORD MINOR LAND DEVELOPMENT PLAN for Star Enterprise as recorded in the Office aforesaid on November 4, 1997 in Microfilm No. 13347. Exceptions include:
Notes and utilities as shown on the plan. 

  

	74.	RECORD MINOR LAND DEVELOPMENT PLAN for Star Enterprise – Repowering Project as recorded in the Office aforesaid on May 15, 1998 in Microfilm #13506.
Exceptions include: General Notes: General Data paragraph on restoration of impervious cover; utilities as shown on the plan; proposed access drive; proposed access easement for Parcel 4E; building restriction lien of 40 feet in depth; dedication of
Governor Lea Road right-of-way; storm water management easement on east side of Route 9. 

  

	75.	RECORD UTILITY PLAN for Conectiv Power Delivery on Lands of Motiva Enterprises – Parcels 1 & 2 as recorded in the Office aforesaid on November 24, 1998 in
Microfilm No. 13710. Exceptions include: Ten foot wide easement (1); ten foot wide easement (2A); 35 foot wide easement from Schoolhouse Road and parallel to Wrangle Hill Road; utilities as shown on the plan; Notes. 

 

	76.	EXPLORATORY RECORD MINOR LAND DEVELOPMENT PLAN, Motiva Enterprises, L.L.C., as recorded in the Office aforesaid at Document No. 20011003-0082111. Exceptions
include: Utilities as shown on the plan; General Notes. 

  

	77.	RECORD MINOR LAND DEVELOPMENT PLAN – SHOP MODULAR BUILDING ADDITION – MOTIVA ENTERPRISES, L.L.C. as recorded in the office aforesaid on April 11, 2003 in
Document No. 200304110044537. Exceptions include: General Notes; utilities as shown on the plan. 

  

	78.	RECORD MINOR LAND DEVELOPMENT PLAN – PROPOSED UNIT NO. 22-S02 SCRUBBER COMPLEX FOR MOTIVA ENTERPRISES L.L.C. as recorded in the Office aforesaid on May 30,
2003 in Document No. 20030530-0065709. Exceptions include: General Notes; utilities as shown on the plan. 

  

	79.	SUBDIVISION PLAN FOR LANDS OF MOTIVA ENTERPRISES, LLC WASHINGTON STREET, THE CITY OF DELAWARE CITY, dated March 5, 2001 and recorded in the Office aforesaid in
Document No. 200l0719-0057703. 

	80.	RECORD RESUBDIVISION PLAN – SHOP MODULAR BUILDING ADDITION MOTIVA ENTERPRISES, L.L.C., recorded in Document No. 20031010-0130681. 

 

	81.	RECORD MINOR SUBDIVISION PLAN Delmarva Power, as recorded in the office aforesaid on January 24, 1978 in Microfilm No. 4717. Exceptions include; Building
Restriction Line of 40 feet in depth along River Road. 

  

	82.	RECORD MINOR SUBDIVISION PLAN Getty Refining & Marketing Co. as recorded in the Office aforesaid on May 3, 1979 in Microfilm No. 5151.

  

	83.	RECORD MINOR LAND DEVELOPMENT PLAN – School House Road – County Road #406 as recorded in the Office aforesaid on April 10, 1985 in Microfilm
No. 7535. Exceptions include: notes, General Notes, Fire Lane Note, 60 feet wide Conrail right-of-way, 40 feet wide DP & L easement and right-of-way. 

 

	84.	RECORD MINOR LAND DEVELOPMENT PLAN – Instrument Repair Facility for Star Enterprise as recorded in the Office aforesaid on October 24, 1990 in Microfilm
No. 10634. Exceptions include: Notes and utility lines as shown on the plan. 

  

	85.	RECORD MINOR LAND DEVELOPMENT PLAN – Administration Building for Star Enterprise as recorded in the Office aforesaid on November 29, 1990 in Microfilm
No. 10679. Exceptions include: Notes and utility lines as shown on the plan. 

  

	86.	RECORD MINOR SUBDIVISION PLAN Lands of Delmarva Power & Light Company to be conveyed to Star Enterprise, as recorded in the Office aforesaid on July 26,
1991 in Microfilm No 10956. Exceptions include; 30 feet wide access easement to Parcel 4C; access easement to Parcels 2 and 3; 30 feet wide access easement to Parcel 2; building restriction line of 40 feet in depth; notes. 

 

	87.	RECORD MINOR SUBDIVISION PLAN Lands of to be Star Enterprise to be conveyed to Delmarva Power & Light Company, as recorded in the Office aforesaid on
August 16, 1993 in Microfilm No. 11774. Exceptions include: Proposed 30 feet wide access easement to Parcel 4 east of Parcel 3; proposed 30 feet wide access easement to Parcel 4 north of Parcels 4 and 5; three existing 30 feet wide access
easements; Notes; building restriction line of 40 feet in depth. 

  

	88.	RECORD MINOR LAND DEVELOPMENT PLAN of Star Enterprise as recorded in the Office aforesaid on March 24, 1992 in Microfilm No. 11175. Exceptions include: Notes,
utility lines as shown on the plan and existing railroad tracks. 

  

	89.	RECORD MINOR LAND DEVELOPMENT/RESUBDIVISION PLAN for Parcels 4A & 4B DuPont Red Lion Plant as recorded in the Office aforesaid on July, 14, 2004 in Document
No. 200407140077518. 

	90.	MAJOR LAND DEVELOPMENT PLAN for Colonial School District as recorded in the Office aforesaid on May, 25, 2006 in document No. 20060525005078. 

 

	91.	RECORD MINOR REDEVELOPMENT PLAN for Premcor Petroleum Coke Warehouse as recorded in the Office aforesaid on July 20, 2006 in Document No. 200607200069256.

  

	92.	RECORD RESUBDIVISION PLAN for Parcels 4A & 4B Dupont Red Lion Plant as recorded in the Office aforesaid on September 1, 2006 in Document No.
200609010084363. 

  

	93.	RECORD MINOR LAND DEVELOPMENT PLAN for Valero S02 Scrubber Project as recorded in the Office aforesaid on March 28, 2007 in Document No. 200703280028868.

  

	94.	RECORD MINOR LAND DEVELOPMENT for Valero Major Projects Complex as recorded in the Office aforesaid on September 5, 2007 in Document No. 200709050078616.

  

	95.	RECORD RESUBDIVISON PLAN for Parcels 4A & 4B DuPont Red Lion Plant as recorded in the Office aforesaid on October 3, 2008 in Document No. 200810030066570.

  

	96.	LAND DEVELOPMENT IMPROVEMENT AGREEMENT by and between E.I. duPont de Nemours & Co. and New Castle County recorded July 14, 2004 in Document No.
200407140077517. 

  

	97.	Utility Easement Agreement as set forth in Document No. 20100205-0006285. 

 Section 2.1(c) 

Rights of Way 
  

																	
	 R/W File No.
	  	Document
Type	 	  	 Grantor
	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording Data
	0.3	  	 	Easement	  	  	Walter R. Ellis, et ux.	  	Getty Pipeline,
Inc.	  	Lands of Walter R. Ellis, et ux, located on the northwesterly side of DuPont Parkway or U.S. Rt. 13, and U.S. Rt. 40, New Castle Hundred	  	New Castle
County, DE	  	5/14/1981	  	D.R. “S”
114/224 Doc.
6517
	0.3	  	 	Easement	  	  	Charles H. Evans, et al.	  	Getty Pipeline,
Inc.	  	Lands of Charles H. Evans, et al., located on the northwesterly side of DuPont Parkway or U.S Rt. 13, and U.S. Rt. 40, New Castle Hundred	  	New Castle
County, DE	  	11/26/1980	  	D.R. “P”
115/13 Doc.
482
	0.3	  	 	Easement	  	  	Better Homes Company of Delaware, Incorporated	  	Getty Pipeline,
Inc.	  	Lands of Better Homes Company, located on the northwesterly side of DuPont Parkway or U.S. Rt. 13, and U.S. Rt. 40, New Castle Hundred	  	New Castle
County, DE	  	1/29/1981	  	D.R. “P”
115/25 Doc.
485
	0.3	  	 	Easement	  	  	Farmers Bank of the State of Delaware, Wilmington, Delaware	  	Getty Pipeline,
Inc.	  	Lands of the Farmers Bank of State of Delaware, located on the northwesterly side of U.S. Rt. #40, New Castle Hundred	  	New Castle
County, DE	  	11/20/1980	  	D.R. “P”
115/34 Doc.
487
	0.3	  	 	Easement	  	  	Kay Wallis Sciarra, et al.	  	Getty Pipeline,
Inc.	  	Fire Department lands located on the northwesterly side of the DuPont Parkway or U.S. Rt. 13 and U.S. Rt. 40 in New Castle Hundred	  	New Castle
County, DE	  	2/17/1982	  	No Recording
Data
	0.3	  	 	Easement	  	  	Chicago Bridge and Iron Company	  	Getty Pipeline,
Inc.	  	Lands of Chicago Bridge and Iron Company, located in the County of New Castle, Delaware	  	New Castle
County, DE	  	9/20/1979	  	D.R. “P”
107/15 Doc.
1955
	0.12, 45, 65.5,
46X	  	 
 	Permit/
License	 
  	  	Secretary of the Army, Corps of Engineers	  	Getty Pipeline,
Inc.	  	Christina River, Naamans Creek, State Canal, and Unnamed Title Ditch	  	New Castle
County, DE	  	1/6/1982	  	No Recording
Data

																	
	 R/W File No.
	  	Document
Type	 	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording Data
	1.3	  	 	Easement	  	  	Getty Refining and
Marketing Company	  	Getty Pipeline,
Inc.	  	A portion of lands of Getty Refining and Marketing Company located on State Hwy. #9 (Hamburg Corner River Road), Red Lion Hundred, and a tract of land lying South of the Right of
line of Conrail Railroad property	  	New Castle
County, DE	  	3/6/1984	  	D.R. 194/245
Doc. 10081
	l.A	  	 	Lease	  	  	Getty Refining and
Marketing Company	  	Getty Pipeline,
Inc.	  	A 0.13 acre tract as more particularly outlined in Exhibit “A” attached to Surface Lease	  	New Castle
County, DE	  	3/6/1984	  	D.R. 194/251
Doc. 10082
	2.X	  	 
 	Permit/
License	 
  	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Newark-Delaware City Running Track of Railroad at Val. Sta. 516+23, located 1505 feet East of Mile Post 10, at a point 0.25 of a mile east of the Station of Reybold	  	New Castle
County, DE	  	11/2/1981	  	No Recording
Data
	2.X	  	 
 	Permit/
License	 
  	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Newark-Delaware City Running Track of Railroad at Val. Sta. 507+78, located 660 feet East of Mile Post 10, at a point 0.09 of a mile east of the Station of Reybold	  	New Castle
County, DE	  	2/14/1983	  	No Recording
Data
	3.A	  	 	Lease	  	  	Getty Refining and
Marketing Company	  	Getty Pipeline,
Inc.	  	A 3.4093 acre tract of land out of a part of a tract of land owned by Getty Refining and Marketing Company, situated in Red Lion Hundred	  	New Castle
County, DE	  	3/6/1984	  	D.R. 194/225
Doc. 10083
	3.L	  	 
 	Permit/
License	 
  	  	Delaware Department of
Highways and
Transportation	  	Getty Pipeline,
Inc.	  	Combination entrance - exit facility to new pumping station from River Road (Road #378), Red Lion Hundred	  	New Castle
County, DE	  	8/15/1979	  	No Recording
Data
	3.B	  	 	Easement	  	  	Getty Refining and
Marketing Company	  	Getty Pipeline,
Inc.	  	A portion of lands of Getty Refining and Marketing Company located on River Rd., Delaware Rt. 9, County Rd. 378, Red Lion Hundred	  	New Castle
County, DE	  	3/6/1984	  	D.R. 194/240
Doc. 10080
	3.C	  	 	Easement	  	  	Getty Refining and
Marketing Company	  	Getty Pipeline,
Inc.	  	A 2.008 acre tract of land owned by Getty Refining and Marketing Company in Red Lion Hundred	  	New Castle
County, DE	  	3/8/1983	  	No Recording
Data

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording
Data
	 4,6
	  	Easement	  	Diamond Shamrock
Corporation	  	Getty
Pipeline, Inc.	  	A portion of lands of Diamond Alkali Company located on River Rd., Delaware Rt. 9, County Rd. 378, Red Lion Hundred	  	New Castle
County, DE	  	10/1/1980	  	D.R. 194/214
Doc. 10076
	 5
	  	Easement	  	The Chloramore
Corporation	  	Getty Pipeline,
Inc.	  	Lands of Pioneer Chloramone Corp., located on River Rd., Delaware Rt. 9, County Rd. 378, Red Lion Hundred	  	New Castle
County, DE	  	6/11/1980	  	D.R. 194/222
Doc. 10077
	 7.L, 10.X, 12.X, 14.L1, 14.X1, 14.L2, 14.X2A (possibly need to omit - see below), 14.X2, 14.L3,
14.X4, 25.L1, 25.X2, 25.L2, 25.X3, 25.L3, 27.L1, 27.X1, 27.L2, 27.X2, 27.X3, 28.X, 30.A 34.X, 38.X, 40.X, 43.X, 47.X, 51.X, 53.AL, 59.X, and 67.X
	  	Permit/
License	  	The Delaware Department
of Transportation, Division
of Highways	  	Getty
Pipeline, Inc.	  	River Road, Delaware Rt. 9, and County Road 378, in Red Lion Hundred; River Road, Bear-Tybouts Corner Rd. (Road 381), U.S. Hwy 13 (DuPont Parkway), Old State Road, U.S. Hwy. 40,
State Hwy. 273 (New Castle Frenchtown Turnpike) and State Highway 141 (Basin Rd.), I-295 (Farmhurst Interchange), I-495, Rogers Road and Heald Street, New Castle Avenue (State Hwy. 9), Terminal Thorofare, Christina Avenue, East 4th Street Ext., E
12th Street, Hay Road, All in New Castle Hundred; Edgemoor Road and Philadelphia Pike (U.S. Highway 13 and Road 24, Brandywine Hundred.	  	New Castle
County, DE	  	1/21/1983	  	No Recording
Data
	 8
	  	Easement
Reserved
in
Deed	  	Tidewater Oil
Company	  	Delmarva Power
& Light Company	  	A 338.00 acre tract in New Castle Hundred	  	New Castle
County, DE	  	10/10/1966	  	D.R. X77/502
	 8
	  	Partial
Assignment	  	Texaco Refining
and Marketing Inc.	  	Texaco
Pipeline Inc.	  	A portion of a 338.00 acre tract located along the right of way of River Road, County Rd. 378, New Castle Hundred	  	New Castle
County, DE	  	8/31/1988	  	D.R. 764/308
Doc. 10213
	 8
	  	Easement
Reserved
in
Deed	  	Getty Refining and
Marketing
Company	  	Delmarva
Power &
Light
Company	  	A 30.80 acre tract and a 42.20 acre tract, in New Castle Hundred	  	New Castle
County, DE	  	3/23/1978	  	D.R. R100/324

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording Data
	8	  	Partial
Assignment	  	Texaco Refining
and Marketing
Inc.	  	Texaco Pipeline
Inc.	  	A portion of a 30.80 acre tract located along the easterly right of way of Hamburg Corner, River Rd, County Rd. #378, New Castle Hundred	  	New Castle
County, DE	  	8/31/1988	  	D.R. 764/311
Doc. 10214
	8	  	Partial
Assignment	  	Texaco Refining
and Marketing
Inc.	  	Texaco Pipeline
Inc.	  	A portion of a 42.20 acre tract located along River Rd., County Rd. #378, New Castle Hundred	  	New
Castle
County, DE	  	8/31/1988	  	D.R. 764/314
Doc. 10215
	9, 11	  	Easement	  	Getty Refining
and Marketing
Company	  	Getty Pipeline,
Inc.	  	A portion of lands of Getty Refining and Marketing Company located on River Rd., Delaware Rt. 9, County Rd 378, and also located on the Southerly side of Tybouts Corner Rd., New
Castle Hundred	  	New
Castle
County, DE	  	3/6/1984	  	D.R. 194/229
Doc. 10078
	12.X	  	Permit/
License	  	The Delaware
Department of
Transportation,
Division of
Highways	  	Texaco Pipeline
Inc.	  	Bear-Tybouts Corner Rd. (Road #381) crossing and right of way occupancy in New Castle Hundred	  	New
Castle
County, DE	  	6/15/1988	  	No Recording
Data
	13	  	Easement	  	Stockton Development
Company	  	Getty Pipeline,
Inc.	  	A portion of land of Stockton Development Company located on DuPont Blvd., U.S. Rte. 13 and Bear Station-Tybouts Corner Rd., County Rd. 381, New Castle Hundred	  	New
Castle
County, DE	  	7/18/1980	  	D.R. 194/210
Doc. 10075
	14.X2A	  	Permit/
License	  	State of Delaware
Department of
Transportation
Real Estate
Section	  	Getty Pipeline,
Inc.	  	Possible surplus land on East and West sides of Hwy 13 between Liangolian Blvd. and U.S. 40	  	New
Castle
County, DE	  	—	  	POSSIBLE
GAP - No
Recording
Data
	14.X3	  	Permit/
License	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	The New Castle Secondary Track of Railroad (formerly held by The Delaware Railroad Company)	  	New
Castle
County, DE	  	3/3/1981	  	No Recording
Data
	14.X3	  	Permit/
License	  	Consolidated
Rail Corporation	  	Getty Pipeline,
Inc.	  	The New Castle Secondary Track of Railroad (formerly held by The Delaware Railroad Company)	  	New
Castle
County, DE	  	3/3/1983	  	No Recording
Data

															
	 R/W File No.
	 	 Document
Type
	  	 Grantor
	 	 Grantee
	 	 Description
	 	 County, ST
	 	 Document
Date
	 	 Recording Data

	14.2A	 	Easement	  	84 Lumber Company, now known as 84 Development Company	 	Getty Pipeline, Inc.	 	Lands of 84 Lumber Company, located on the southeasterly side of DuPont Parkway (U.S. Rt. 13), New Castle Hundred	 	New Castle County, DE	 	3/14/1983	 	DR. 194/39 Doc. 10034
	
	 ROW Numbers 15-24 skipped

								
	26X	 	Permit/License	  	Consolidated Rail Corporation	 	Getty Pipeline, Inc.	 	Abandoned Railroad (Underpass), located southerly of I-295, New Castle Hundred	 	New Castle County, DE	 	—	 	GAP No Recording Data
	
	 ROW Number 29 skipped

								
	30	 	Easement	  	Robert J. Davis, et al.	 	Getty Pipeline, Inc.	 	Lands of Robert J. Davis, et al., located at the southeast corner of South Heald Street (U.S. Rt. #13A) and Rogers Rd (County Rd. #369), New Castle Hundred	 	New Castle County, DE	 	2/28/1983	 	D.R. 194/32 Doc. 10032
	30.AL	 	Easement	  	Ashton Realty Corporation	 	Getty Pipeline, Inc.	 	Lands of Ashton Realty Corporation, located on the southeasterly side of Heald Street (U.S. Rt. 13-A) in New Castle Hundred	 	New Castle County, DE	 	4/13/1983	 	DR. 194/28 Doc. 10031
	31	 	Easement	  	First State Enterprises, Inc.	 	Getty Pipeline, Inc.	 	Southerly of Hwy l3/Heald St. and southwesterly of Consolidated Rail	 	New Castle County, DE	 	—	 	GAP No Recording Data
	32.L	 	Permit/License	  	Consolidated Rail Corporation	 	Getty Pipeline, Inc.	 	The Delaware River Extension of Railroad (formerly held by Reading Company)	 	New Castle County, DE	 	11/4/1981	 	No Recording Data
	
	 ROW Number 33 skipped

								
	35	 	Permit/License	  	State of Delaware Department of Transportation Real Estate Section	 	Getty Pipeline, Inc.	 	Surplus land along I-495 between New Castle Ave. and Terminal Thorofare	 	New Castle County, DE	 	1/10/1983	 	GAP No Recording Data

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording Data
	36	  	Easement	  	Christina
Service
Company	  	Getty
Pipeline,
Inc.	  	Lands of the Christina Service Company, located in “Eden Park,” New Castle Hundred	  	New Castle
County, DE	  	1/31/1983	  	D.R. 194/36
Doc. 10033
								
	36.A, 42,44	  	Easement	  	Frederic A.
Potts &
Company, Inc.	  	Getty
Pipeline,
Inc.	  	Lands of Frederick A. Potts& Company, Inc., located at “Eden Park” on Albany Ave. at Interstate Rt. 495, New Castle Hundred; 0.907 acres, M/L, through the lands of
Frederic A. Potts & Company, In., located on Christiana Ave., City of Wilmington; Lands of Frederic A. Potts & Company, Inc., located on Christiana Ave. at Interstate Route 495, City of Wilmington	  	New Castle
County, DE	  	3/30/1981	  	D.R. 194/185
Doc. 10069
								
	37	  	Easement	  	The State of
Delaware,
Department of
Transportation,
Real Estate
Section	  	Equilon
Pipeline,
L.L.C.	  	A 2,129 sq. ft. tract on lands of the State of Delaware located at Terminal Ave. and I-495 ramp	  	New Castle
County, DE	  	11/13/2000	  	D.R. 2934/341
Doc. 083064
								
	39	  	Easement	  	I-95 Limited
Partnership	  	Getty
Pipeline,
Inc.	  	Lands of I-95 Limited Partnership, located at “Eden Park,” New Castle Hundred	  	New Castle
County, DE	  	1/19/1983	  	D.R. 194/43
Doc. 10035
								
	40	  	Permit/
License	  	State of
Delaware
Department of
Transportation
Real Estate
Section	  	Getty
Pipeline,
Inc.	  	Possible surplus land along I-495 between I-95 Limited Partnership and Consolidated Rail	  	New Castle
County, DE	  	N/A	  	POSSIBLE
GAP
No Recording
Data
								
	41.X	  	Permit/
License	  	Consolidated
Rail
Corporation	  	Getty
Pipeline,
Inc.	  	The New Castle Secondary Track of Railroad (formerly held by The Delaware Railroad Company)	  	New Castle
County, DE	  	11/5/1981	  	No Recording
Data
								
	42, 57	  	Permit/
License	  	Delmarva
Power & Light
Company	  	Getty
Pipeline,
Inc.	  	A certain tract land now or formerly owned by The Pyrites Co. Inc., & PB&W, RR Co. on which Delmarva has secured a perpetual easement as recorded in New Castle County
records, Book M-27, Pg. 126 and M-90, Pg. 622	  	New Castle
County, DE	  	4/6/1984	  	D.R. “I”
126/241 Doc.
3307

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording
Data
	42.X	  	Permit/
License	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Pipeline crossing tracks of the Christiana Avenue Industrial Track of Railroad (formerly held by Reading Company)	  	New Castle
County, DE	  	11/6/1981	  	No Recording
Data
								
	45, 47, 51	  	Easement	  	The City of
Wilmington, a
municipal
corporation of the
State of Delaware	  	Getty Pipeline,
Inc.	  	Property of the City of Wilmington, known as the Christina River, City of Wilmington, New Castle County, Delaware (Southwest side of the Christina River); A portion of land of the
City of Wilmington located along the SE side of North bound lanes of I-495, Cherry Island, and a tract bounded on the North by State of Delaware and on the East by E. 12th Street	  	New Castle
County, DE	  	11/8/1982	  	D.R. 206/136
Doc. 11049
								
	46	  	Easement	  	The Secretary of
the Army	  	Getty Pipeline,
Inc.	  	Lands under the control of the Secretary of the Army known as Tract 102 and Consent for easement on Tract 101 leased from the City of Wilmington, Wilmington Harbor Disposal Area,
Delaware	  	New Castle
County, DE	  	3/21/1984	  	No Recording
Data
								
	46	  	Supplement
al
Agreement	  	The Secretary of
the Army	  	Texaco
Pipeline, Inc.	  	Lands under the control of the Secretary of the Army known as Tract 102 and Consent for easement on Tract 101 leased from the City of Wilmington, Wilmington Harbor Disposal Area,
Delaware	  	New Castle
County, DE	  	9/22/1987	  	No Recording
Data
								
	48, 52	  	Easement	  	Delmarva Power &
Light Company	  	Getty Pipeline,
Inc.	  	A portion of land of Delmarva Power & Light Company, Cherry Island Marsh in City of Wilmington and Brandywine Hundred	  	New Castle
County, DE	  	4/6/1984	  	D.R. 194/234
Doc. 10079
								
	49	  	Easement	  	Willis Weldin, et al.	  	Getty Pipeline,
Inc.	  	Lands of R. Arnold Boyer, et al, in City of Wilmington	  	New Castle
County, DE	  	8/25/1980	  	D.R. 194/202
Doc. 10073
								
	49A	  	Easement	  	Possibly Hugh M.
Mahaffy, et al	  	Getty Pipeline,
Inc.	  	(tract shown on alignment sheet)	  	New Castle
County, DE	  	N/A	  	POSSIBLE
GAP
No Recording
Data

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording
Data
	50	  	Permit/
License	  	State of Delaware
Department of
Transportation Real
Estate Section	  	Getty Pipeline,
Inc.	  	Possible surplus land along I-495 on both sides of E. 12th Street Extension	  	New Castle
County, DE	  	N/A	  	POSSIBLE
GAP
No Recording
Data
								
	53.X	  	Permit/
License	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Edgemoor Track of Railroad (formerly held by The Philadelphia, Baltimore, and Washington Railroad Company)	  	New Castle
County, DE	  	11/9/1981	  	No Recording
Data
								
	53.X	  	Permit/
License	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Edgemoor Track of Railroad (formerly held by The Philadelphia, Baltimore, and Washington Railroad Company)	  	New Castle
County, DE	  	2/14/1983	  	No Recording
Data
	
	ROW Number 54 skipped
								
	55.X	  	Permit/
License	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Edgemoor Track of Railroad (formerly held by The Philadelphia, Baltimore, and Washington Railroad Company)	  	New Castle
County, DE	  	11/10/1981	  	No Recording
Data
								
	55.X	  	Permit/
License	  	Consolidated Rail
Corporation	  	Getty Pipeline,
Inc.	  	Edgemoor Track of Railroad (formerly held by The Philadephia, Baltimore, and Washington Railroad Company)	  	New Castle
County, DE	  	2/14/1983	  	No Recording
Data
								
	56	  	Easement	  	Todds Lane Realty
Corporation	  	Getty Pipeline,
Inc.	  	Lands of Todds Lane Realty Corporation in Branywine Hundred	  	New Castle
County, DE	  	6/5/1981	  	D.R. “I”
120/25
D.R. 194/198
Doc. 10072
								
	57	  	Easement	  	George H. Huber	  	Getty Pipeline,
Inc.	  	Lands of George H. Huber in Brandywine Hundred	  	New Castle
County, DE	  	6/5/1981	  	D.R. “I”
120/29
D.R. 194/194
Doc. 10071
								
	58, 60	  	Easement	  	E.I. DuPont De
Nemours and
Company	  	Getty Pipeline,
Inc.	  	Lands of E.I. Du Pont De Nemours and Company in Brandywine Hundred	  	New Castle
County, DE	  	1/31/1983	  	D.R. 194/60
Doc. 10038
								
	61	  	Easement	  	IKO Manufacturing,
Inc., et al.	  	Getty Pipeline,
Inc.	  	Lands of IKO Manufacturing, Inc., et al., in Brandywine Hundred	  	New Castle
County, DE	  	9/26/1980	  	D.R. 194/191
Doc. 10070

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording
Data
	61	  	Easement	  	IKO
Manufacturing,
Inc.	  	Getty Pipeline,
Inc.	  	Lands of IKO Manufacturing, Inc., in Brandywine Hundred	  	New Castle
County, DE	  	5/21/1985	  	D.R. 511/69
Doc. 02438
								
	61	  	Encroachment
Agreement	  	Texaco
Pipeline, Inc.	  	IKO
Production
Inc.	  	The right to construct a railroad spur bridge over and across the right of way and pipeline as granted in Book 194, Pg. 191	  	New Castle
County, DE	  	6/20/1995	  	D.R.
2114/214
Doc. 065153
								
	62.X	  	Permit/
License	  	Consolidated
Rail
Corporation	  	Getty Pipeline,
Inc.	  	Roadway and tracks of the Shellpot Secondary Track of Railroad (formerly held by The Philadelphia, Baltimore and Washington Railroad)	  	New Castle
County, DE	  	11/11/1981	  	No Recording
Data
								
	63.X1, 63.L1, 63.X2, 63.L2, 65.L, 70.X.	  	Easement	  	National
Railroad
Passenger
Corporation	  	Getty Pipeline,
Inc.	  	All that certain parcel of land situated adjoining the Grantor’s right of way in Brandywine Hundred, New Castle County, DE as more particularly shown on the plans designated
Exhibit “A”	  	New Castle
County, DE	  	2/24/1982	  	No Recording
Data
								
	64	  	Easement	  	Northern
Delaware
Industrial
Development
Corporation of
Claymont,
Delaware	  	Getty Pipeline,
Inc.	  	Lands of Northern Delaware Industrial Development Corporation (Phoenix Steel) located in Brandywine Hundred	  	New Castle
County, DE	  	2/22/1983	  	D.R. 194/46
Doc. 10036
								
	64	  	Subordination
of Lien	  	Girard Bank
Delaware	  	Getty Pipeline,
Inc.	  	Lands of Northern Delaware Industrial Development Corporation (Phoenix Steel) located in Brandywine Hundred	  	New Castle
County, DE	  	2/23/1983	  	No Recording
Data
								
	66	  	Easement	  	Airco, Inc.	  	Getty Pipeline,
Inc.	  	Lands of Air Reduction Co., Inc., located on the Philadelphia Pike (U.S. Rt. 13 and Co. Rd. 24) in Brandywine Hundred	  	New Castle
County, DE	  	10/8/1980	  	D.R. 194/205
Doc. 10074
								
	68	  	Easement	  	Allied
Corporation	  	Getty Pipeline,
Inc.	  	Lands of Allied Chemical Corporation, Industrial Chemicals Division located along and southeast of a railroad right of way for Amtrak-Northeast Corridor, between the	  	New Castle
County, DE	  	5/18/1982	  	D.R. 194/50
Doc. 10037

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	 Document
Date
	  	 Recording Data

		  		  		  		  	Philadelphia Pike (U.S. Rt. #13 or County Road #24) and the Pennsylvania-Delaware State line, Brandywine Hundred;	  		  		  	
								
	68	  	Letter
Agreement	  	Texaco Pipeline,
Inc.	  	Sun Refining
& Marketing
Company	  	Lands of Allied Chemical Corporation, Industrial Chemicals Division located along and southeast of a railroad right of way for Amtrak-Northeast Corridor, between the Philadelphia
Pike (U.S. Rt #13 or County Road #24) and the Pennsylvania-Delaware State line, Brandywine Hundred	  	New Castle
County, DE	  	9/7/1989	  	No Recording Data
								
	69	  	Easement	  	Allied
Corporation	  	Getty Pipeline,
Inc	  	A 10 foot wide strip of land containing 0.366 acres being a part of the Lands of Allied Corporation, and lying along the southeasterly side of a railroad right of way for Amtrak at
the Delaware-Pennsylvania State Line, Marcus Hook Boro	  	Delaware
County, PA	  	5/18/1982	  	D.R. 194/50 New Castle County, DE
								
	70.X	  	Easement	  	National Railroad
Passenger
Corporation	  	Getty Pipeline,
Inc	  	Amtrak tracks in Marcus Hook Boro	  	Delaware
County, PA	  	2/24/1982	  	No Recording Data
								
	71, 73, 75, 77, 79, 81, 87.	  	Pipeline
Occupancy
Agreement	  	Sun Refining and
Marketing Co.	  	Getty Pipeline,
Inc	  	Lands of Sun Refining and Marketing Co. located at Tenn Penn Center, 1801 Market Street, Philadelphia, PA 19103-1699 in the Upper Chichester Township and the Lower Chichester
Township	  	Delaware
County, PA	  	4/1/1983	  	D.R. 156/974 Doc. 081370
								
	72.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Ridge Avenue in Lower Chichester Township	  	Delaware
County, PA	  	11/10/1979	  	No Recording Data
								
	72.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Ridge Avenue in Lower Chichester Township	  	Delaware
County, PA	  	4/18/1983	  	No Recording Data
								
	74.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Blueball Ave. in Lower Chichester Township	  	Delaware
County, PA	  	11/6/1979	  	No Recording Data

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording
Data
	74.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Blueball Ave. in Lower Chichester Township	  	Delaware
County, PA	  	4/26/1983	  	No Recording
Data
								
	76.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Chichester Ave. in Upper Chichester Township	  	Delaware
County, PA	  	11/6/1979	  	No Recording
Data
								
	76.X2	  	Permit/
License	  	Upper
Chichester
Township,
Delaware
County,
Pennsylvania	  	Getty Pipeline,
Inc	  	Johnson Ave. in Upper Chichester Township	  	Delaware
County, PA	  	4/25/1983	  	No Recording
Data
								
	78.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Market Street in Upper Chichester Township	  	Delaware
County, PA	  	11/10/1979	  	No Recording
Data
								
	80.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	1-95 in Upper Chichester Township	  	Delaware
County, PA	  	11/20/1979	  	No Recording
Data
								
	82.X	  	Permit/
License	  	The Baltimore
and Ohiio
Railroad
Company	  	Getty Pipeline,
Inc	  	Railroad crossing located south of Conchester Pike, Upper Chichester Township	  	Delaware
County, PA	  	10/30/1979	  	No Recording
Data
								
	83	  	Easement	  	D & J
Cappelli
Trucking	  	Getty Pipeline,
Inc	  	Lands of D & J Trucking located in Upper Chichester Township	  	Delaware
County, PA	  	—	  	POSSIBLE
GAP - No
Recording
Data
								
	84	  	Easement	  	B P Oil, Inc.	  	Getty Pipeline,
Inc	  	Lands of B.P. Oil, Inc. located adjacent to the existing Sun Oil Company pipe rack between the Chesapeake and Ohio, Baltimore and Ohio, and Western Maryland Railroads right of way
and U.S. RL. 322 (Conchester Pike) in Upper Chichester Township	  	Delaware
County, PA	  	5/10/1983	  	D.R. 77/1468
								
	86.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Conchester Pike in Upper Chichester Township	  	Delaware
County, PA	  	11/6/1979	  	No Recording
Data

															
	 R/W File No.
	  	Document
Type	  	Grantor	  	Grantee	  	 Description
	  	County, ST	  	Document
Date	  	Recording
Data
	86.X	  	Permit/
License	  	Pennsylvania
Department of
Transportation	  	Getty Pipeline,
Inc	  	Conchester Pike (State Highway #322) in Upper Chichester Township	  	Delaware
County, PA	  	4/20/1983	  	No Recording
Data
								
	87A	  	License &
Connection
Agreement	  	Sunoco	  	The Premcor
Pipeline Co.	  	The existing Occupation Agreement terminates inside the Twin Oaks Station but upstream from our existing trap and piping. An approved drawing has been submitted to Sunoco for the
purposes re: the connection agreement. & license agreement. The License Agreement has been drafted and submitted to Sunoco; however, the Connection Agreement has not.	  	Delaware
County, PA	  	N/A	  	GAP
No Recording
Data
								
		  		  		  		  		  		  		  	

 [End of Chart] 

 Schedule 2.2(f) 

Retained Parts and Spares 

Notwithstanding anything to the contrary herein, any personal property in this schedule that is installed (as opposed to stored in a laydown yard,
warehouse or other similar location) in the Refinery is to be construed as part of the Assets and not Retained Parts and Spares. 
  

																	
	 AFE Description
	 	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501449141	  	Flowserve - Butterfly Control Valve	  	0188	  	5112050182	  	 	1.000	  	  	 	18,992.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501450049	  	CPC Int Crude Vacuum Tower Bottoms Pump	  	0368	  	5112104286	  	 	2.000	  	  	 	256,417.8X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501469637	  	16” GATE 300# RF 316 SS	  	0280	  	5111998813	  	 	1.000	  	  	 	43,983.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501522166	  	6” 300# RTJ WN FLANGE STD BORE	  	0158	  	5112018906	  	 	1.000	  	  	 	1,717.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501522166	  	8” 300# RTJ WN FLANGE STD BORE	  	0158	  	5112018906	  	 	1.000	  	  	 	2,882.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501536976	  	1-1/2 KITZ 300UMAM 300# BODY: 316 STAINL	  	0188	  	5112037286	  	 	1.000	  	  	 	646.8X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501536976	  	2 KITZ 300UMAM 300# BODY: 316 STAINLESS	  	0188	  	5112037286	  	 	1.000	  	  	 	782.2X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501536977	  	4 T-316300# RTJ W/N FLG STD BORE	  	0175	  	5112122362	  	 	1.000	  	  	 	825.8X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501549270	  	Schuff Steel - Orifice Bore Calc	  	0155	  	5112453573	  	 	3.000	  	  	 	240.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501549270	  	Schuff Steel - Orifice Plate 21FO9200ABA	  	0155	  	5112453573	  	 	1.000	  	  	 	60.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501549270	  	Schuff Steel - Orifice Plate 21FO9200ABB	  	0155	  	5112453573	  	 	1.000	  	  	 	60.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501549270	  	Schuff Steel - Orifice Plate 21FO9200ABF	  	0155	  	5112453573	  	 	1.000	  	  	 	60.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501552006	  	Tri-State Tech - 21PI9400ACK Press Gauge	  	0270	  	5112310519	  	 	1.000	  	  	 	719.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501552006	  	Tri-State Tech - 21PI9400ACQ Press Gauge	  	0270	  	5112310519	  	 	1.000	  	  	 	719.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501583575	  	O-Ring 13-3/16” ID x .139”CS Viton	  	0125	  	5112303803	  	 	4.000	  	  	 	183.6X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501583575	  	O-Ring 13-3/16” ID x .210”CS Viton	  	0125	  	5112303803	  	 	10.000	  	  	 	834.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501583575	  	Service/Call In	  	0125	  	5112303803	  	 	2.000	  	  	 	600.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare - Case Ring	  	0368	  	5112882537	  	 	1.000	  	  	 	2,360.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare - IMP Ring	  	0368	  	5112882537	  	 	2.000	  	  	 	3,840.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare - Shaft	  	0368	  	5112882537	  	 	1.000	  	  	 	12,750.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare - Cover Ring	  	0368	  	5112882537	  	 	1.000	  	  	 	2,360.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare Bearing Isolator	  	0368	  	5112882537	  	 	4.000	  	  	 	1,440.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare Bearing Shoulder	  	0368	  	5112882537	  	 	1.000	  	  	 	170.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare Brg Cover Gasket	  	0368	  	5112882537	  	 	4.000	  	  	 	220.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	 	4501606964	  	CPC Pump - 21-P-13C Spare Case Gasket	  	0368	  	5112882537	  	 	2.000	  	  	 	360.0X	  

  
 Schedule
2.2(f) – Page 1 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-13C Spare Impellar Nut	  	0368	  	5112882537	  	 	1.000	  	  	 	2,240.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-13C Spare Inner Case Gaske	  	0368	  	5112882537	  	 	2.000	  	  	 	260.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-13C Spare Radial Bearing S	  	0368	  	5112882537	  	 	1.000	  	  	 	1,060.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-13C Spare Thrust Bearing S	  	0368	  	5112882537	  	 	1.000	  	  	 	1,060.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-13C Spare-Center Sleeve	  	0368	  	5112882537	  	 	1.000	  	  	 	l,480.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-l3C Spare-Throat Bushing	  	0368	  	5112882537	  	 	2.000	  	  	 	960.0X	  
	 DCR New vac Tower Bttms Pump 21-P-13-C
	  	4501606964	  	CPC Pump-21-P-13C Spare-Throat Bushing H	  	0368	  	5112882537	  	 	2.000	  	  	 	1,560.0X	  
	 FCCU Feed Nozzles
	  	4501720358	  	FCO for welded Flgs @ Fab Shop	  	0399	  	5112882537	  	 	1.000	  	  	 	30,000.0X	  
	 FCCU Feed Nozzles
	  	4501720358	  	Lummus Feed Injectors	  	0399	  	5113200014	  	 	1.000	  	  	 	911,000.X	  
	 FCCU Feed Nozzles
	  	4501748229	  	Documentation	  	0399	  	5113106528	  	 	1.000	  	  	 	2,603.0X	  
	 FCCU Feed Nozzles
	  	4501748229	  	Estimated Freight	  	0399	  	5113106528	  	 	1.000	  	  	 	3,438.2X	  
	 FCCU Feed Nozzles
	  	4501748229	  	Outside Source Inspection	  	0399	  	5113106528	  	 	1.000	  	  	 	680.0X	  
	 FCCU Feed Nozzles
	  	4501748229	  	PMI on 20 Units	  	0399	  	5113106528	  	 	1.000	  	  	 	1,717.0X	  
	 FCCU Feed Nozzles
	  	4501748229	  	Vortex Flow Meters	  	0399	  	5113106528	  	 	20.000	  	  	 	98,235.0X	  
	 FCCU Feed Nozzles
	  	4501748521	  	NPS 6” Y-Strainer for 175# Steam	  	0120	  	5113126769	  	 	1.000	  	  	 	1,432.0X	  
	 FCCU Feed Nozzles
	  	4501762312	  	A-24H2008SS6LP ENCLOSURE	  	0220	  	51l3042742	  	 	1.000	  	  	 	809.8X	  
	 FCCU Feed Nozzles
	  	4501762312	  	A24P20SS6 SUB PANEL	  	0215	  	5113042742	  	 	1.000	  	  	 	138.9X	  
	 FCCU Feed Nozzles
	  	4501762930	  	1/2” FNPT X FNPT Coupling, 316SS	  	0299	  	5113088655	  	 	12.000	  	  	 	49.44	  
	 FCCU Feed Nozzles
	  	4501762930	  	Noshok Pigtail Syphon	  	0299	  	5113050570	  	 	12.000	  	  	 	1,351.6X	  
	 FCCU Feed Nozzles
	  	4501762930	  	Part No.250471	  	0299	  	5113088655	  	 	11.000	  	  	 	1,612.0X	  
	 FCCU Feed Nozzles
	  	4501762930	  	US Gauge Pressure Gauge	  	0299	  	5113088655	  	 	12.000	  	  	 	760.6X	  
	 FCCU Feed Nozzles
	  	4501762930	  	US Gauge Pressure Gauge	  	0299	  	5113123795	  	 	11.000	  	  	 	689.0X	  
	 FCCU Feed Nozzles
	  	4501763518	  	Din Rail Terminal Blocks	  	0299	  	5113083547	  	 	106.000	  	  	 	95.6X	  
	 FCCU Feed Nozzles
	  	4501763518	  	Din Rail Terminal Blocks 6.2 mm	  	0299	  	5113083547	  	 	20.000	  	  	 	16.8X	  
	 FCCU Feed Nozzles
	  	4501763518	  	Din Rail Terminal Blocks Market PEN	  	0299	  	5113083547	  	 	2.000	  	  	 	33.4X	  
	 FCCU Feed Nozzles
	  	4501763959	  	Control Valve	  	0280	  	5113172846	  	 	1.000	  	  	 	26,254.8X	  
	 FCCU Feed Nozzles
	  	4501769980	  	Compression Term Assembly, FBM201	  	0299	  	5113114403	  	 	3.000	  	  	 	251.9X	  
	 FCCU Feed Nozzles
	  	4501769980	  	FBM201 Channel Isolated 8 Input 0-20 mA	  	0299	  	5113114403	  	 	3.000	  	  	 	3,188.1X	  
	 FCCU Feed Nozzles
	  	4501769980	  	FBM2xx Type 1 Term Cable, 3 Meters	  	0299	  	5113114403	  	 	3.000	  	  	 	169.6X	  
	 FCCU Feed Nozzles
	  	4501772548	  	Feed Injector Piping Fabrication	  	0155	  	5113186047	  	 	1.000	  	  	 	321,146.0X	  
	 FCCU Feed Nozzles
	  	4501777634	  	23-750-IS-001 Triple Instr Stand	  	0330	  	5113210828	  	 	1.000	  	  	 	1,411.1X	  

  
 Schedule
2.2(f) – Page 2 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-IS-002 Single Instr Stand	  	0330	  	5113210828	  	 	1.000	  	  	 	295.5X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-001 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	660.0X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-002 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	988.4X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-003 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	708.7X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-004 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	1,136.6X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-005 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	511.7X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-006 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	899.3X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-007 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	544.8X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	23-750-SH-008 Spring Hanger	  	0330	  	5113210828	  	 	1.000	  	  	 	761.2X	  
	 FCCU Feed Nozzles
	  	 	4501777634	  	  	Misc Structural Steel	  	0330	  	5113210828	  	 	1.000	  	  	 	7,351.5X	  
	 FCCU Feed Nozzles
	  	 	4501791580	  	  	MBS12112 l/2X1-1/2 SS BOLT 24 PAIR I 8AWG IND & OVERALL SHIELD	  	0330	  	5113190660	  	 	l00.000	  	  	 	75.00	  
	 FCCU Feed Nozzles
	  	 	4501792084	  	  	300 V	  	0225	  	5113190661	  	 	260.000	  	  	 	1,099.8X	  
	 FCCU Feed Nozzles
	  	 	4501792084	  	  	590.1-1/2 ALUM BODY COVER	  	0250	  	5113190063	  	 	8.000	  	  	 	14.08X	  
	 FCCU Feed Nozzles
	  	 	4501792084	  	  	GASK1945 1-1/2 BODY GASKET	  	0215	  	5113190111	  	 	8.000	  	  	 	14.1X	  
	 FCCU Feed Nozzles
	  	 	4501792084	  	  	MBS12114 1/2Xl-l/4 SS BOLT	  	0215	  	5113190661	  	 	100.000	  	  	 	73.0X	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	30-030 ANTI OXIDANT COMPOUND	  	0250	  	5113190155	  	 	1.000	  	  	 	18.59	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	B104SS4 INSIDE SS L STRUT BRACKET	  	0225	  	5113190609	  	 	6.000	  	  	 	62.04	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	B143-SS4 FLAT SS L STRUT BRACKET	  	0225	  	5113192781	  	 	6.000	  	  	 	156.3X	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	B2012-SS4 1-1/2 SS STRUT STRAP	  	0225	  	5113192809	  	 	16.000	  	  	 	48.96	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	B202SS4 1/2 SS SQUARE WASHER	  	0225	  	5113191012	  	 	4.000	  	  	 	15.44	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	BG805 1-1/2 INS GROUNDING BUSHING	  	0215	  	5113190152	  	 	2.000	  	  	 	8.64	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	LB59 1-1/2 ALUM LB CONDUIT BODY	  	0250	  	5113190155	  	 	6.000	  	  	 	60.60	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	LCC5 1-1/2-IN CABLE TRAY CLAMP	  	0250	  	5113191012	  	 	2.000	  	  	 	65.52	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	LWS12 1/2 SS LOCKWASHER	  	0205	  	5113191012	  	 	100.000	  	  	 	14 .0X	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	N225-SS6 1/2 SS SPRING NUT	  	0225	  	5113191012	  	 	24.0 00	  	  	 	84.48	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	RE51 l-1/2X1/2 REDUCER	  	0215	  	5113190155	  	 	1.000	  	  	 	3.21	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	STA5 1-1/2 ALUM INS HUB	  	0250	  	5113190155	  	 	2.000	  	  	 	10.18	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	T59 1-1/2 ALUM T CONDUIT BODY	  	0250	  	5113190155	  	 	2.000	  	  	 	24.52	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	VA-11201-SS316X10 6-1/2-IN SS BACK TO BA	  	0225	  	5113201788	  	 	20.000	  	  	 	1,066.4X	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	VA-1 SSXIO 1-5/8 SOLID SS STRUT	  	0225	  	5113201788	  	 	20.000	  	  	 	188.8X	  
	 FCCU Feed Nozzles
	  	 	4501793498	  	  	VL4PLH-SSX1O 7/8 SLOTTED SS STRUT	  	0225	  	5113201788	  	 	20.000	  	  	 	106.4X	  

 Schedule 2.2(f) – Page 3 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Feed Nozzles
	  	4501795814	  	1/2” plate 4’ x 8’ A36 BARE	  	0330	  	5113185877	  	 	1.000	  	  	 	324.3X	  
	 FCCU Feed Nozzles
	  	4501795814	  	2” x 2” x 1/4” angle x 20’ A36 BARE	  	0330	  	5113185877	  	 	1.000	  	  	 	41.0X	  
	 FCCU Feed Nozzles
	  	4501795814	  	3/8” plate 4’ x 8’A36 BARE	  	0330	  	5113185877	  	 	1.000	  	  	 	243.0X	  
	 FCCU Feed Nozzles
	  	4501795814	  	4” x 4” X 3/8 angle x 20’ A36 BARE	  	0330	  	5113185877	  	 	1.000	  	  	 	137.2X	  
	 FCCU Feed Nozzles
	  	4501795814	  	mc 12 x 10.6 x 20’A36 BARE	  	0330	  	5113196144	  	 	2.000	  	  	 	466.0X	  
	 FCCU Feed Nozzles
	  	4501795814	  	w 14 x 38 x 30’ A36 BARE	  	0330	  	5113196144	  	 	2.000	  	  	 	1,390.0X	  
	 FCCU Feed Nozzles
	  	4501795814	  	w 5 x 16 x 20’ A36 BARE	  	0330	  	5113196144	  	 	2.000	  	  	 	504.0X	  
	 FCCU Feed Nozzles
	  	4501801673	  	1-1/2 RIGID ALUM CONDUIT	  	0215	  	5113203658	  	 	130.000	  	  	 	413.4X	  
	 FCCU Feed Nozzles
	  	4501804187	  	3/4” PLATE CS 18” DIAMETER DISC	  	0330	  	5113213443	  	 	2.000	  	  	 	400.0X	  
	 FCCU Gas Plant Low Line
	  	4501415609	  	Dresser-Rand 24-K-l& 24-K-2	  	0315	  	5111580319	  	 	2.000	  	  	 	3,000,000.XX	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Change Notice: Dresser - Freight Charges	  	0315	  	5112827690	  	 	1.000	  	  	 	2,514.6X	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Change Notice: Dresser Rand HP/LP Turbin	  	0315	  	5112256587	  	 	1.000	  	  	 	131,006.XX	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Change Notice: Dresser Rand Lube Oil Con	  	0315	  	5112537791	  	 	1.000	  	  	 	57,738.0X	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Change Notice: Dresser: Freight	  	0315	  	5112607733	  	 	1.000	  	  	 	4,472.6X	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Change Notice: Dresser-Rand	  	0315	  	5111834444	  	 	1.000	  	  	 	6,864,227.2X	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Dresser Rand - Freight for Shipment of S	  	0315	  	5112868939	  	 	1.000	  	  	 	1,092.3X	  
	 FCCU Gas Plant Low Line
	  	4501479217	  	Dresser Rand - Long Term Storage Boxing	  	0315	  	5112537791	  	 	1.000	  	  	 	15,812.0X	  
	 FCCU Gas Plant Low Line
	  	4501554581	  	Koch-Glitsch - Cancellation Charge	  	0395	  	5112634112	  	 	3.000	  	  	 	29,305.0X	  
	 FCCU Gas Plant Low Line
	  	4501564691	  	Alps Welding-24-D-126 Drum Pmt 1	  	0395	  	5112341579	  	 	1.000	  	  	 	44,561.0X	  
	 FCCU Gas Plant Low Line
	  	4501564691	  	Alps Welding - Cancellation Charge	  	0395	  	5112522707	  	 	1.000	  	  	 	83,679.7X	  
	 FCCU Gas Plant Low Line
	  	4501568921	  	Koch Glitsch - Cancel Separation Order	  	0395	  	5112586008	  	 	1.000	  	  	 	13,800.0X	  
	 FCCU Gas Plant Low Line
	  	4501571788	  	CPC - Pumps and Motors Pmt 1	  	0368	  	5112422825	  	 	1.000	  	  	 	13,141.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501565736	  	Harrington Robb - Lightnin Mixer Freight	  	0360	  	5112399707	  	 	2.000	  	  	 	6,240.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501565736	  	Harrington Robb - Lightnin Mixer	  	0360	  	5112610364	  	 	1.000	  	  	 	248,179.XX	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	CO-011 Powell - Transducers to Doors	  	0220	  	5112878280	  	 	1.000	  	  	 	6,436.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	Powell - Breakers - Prelim Site Visit	  	0220	  	5112581591	  	 	2.000	  	  	 	4,753.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	Powell - Current Transf CT Ratio 1200/5A	  	0220	  	5112878280	  	 	1.000	  	  	 	5,610.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	Powell - Current Transf CT Ratio 3000/5A	  	0220	  	5112878280	  	 	1.000	  	  	 	7,230.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	Powell - Painted Steel Front Door	  	0220	  	5112878280	  	 	1.000	  	  	 	30,197.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	Powell - Supervise & Inspect Breakers	  	0220	  	5112878280	  	 	1.000	  	  	 	9,286.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501602646	  	Powell - Vacuum Replacement Breaker	  	0220	  	5112878280	  	 	1.000	  	  	 	33,333.0X	  

 Schedule 2.2(f) – Page 4 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	CO-047 Powell Supplementary Cost	  	0220	  	5113339944	  	 	2.000	  	  	 	169,120.XX	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	CO-061 Powell SCA#02	  	0220	  	5113339944	  	 	2.000	  	  	 	17,529.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - Freight Charges	  	0220	  	5113080005	  	 	1.000	  	  	 	32,525.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - Freight Charges	  	0220	  	5113138205	  	 	2.000	  	  	 	41,730.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - Pre Packaged PDC Building	  	0220	  	5112486011	  	 	1.000	  	  	 	3,001,436.X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - Pre Packaged PDC SCA #05	  	0220	  	5113079592	  	 	1.000	  	  	 	6,259.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - SCA #04	  	0220	  	5113339944	  	 	2.000	  	  	 	16,002.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - SCA #06	  	0220	  	5113138205	  	 	1.000	  	  	 	3,151.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell - Training	  	0220	  	5113079592	  	 	1.000	  	  	 	6,316.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501603904	  	Powell Electric SCA #03	  	0220	  	5113339944	  	 	2.000	  	  	 	73,426.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501609249	  	Appleton - Unit 55 Switchrack 103C & 103	  	0220	  	5112662272	  	 	1.000	  	  	 	101,450.XX	  
	 FCCU Nox Scrubber Tech II
	  	4501614082	  	Hamon Research - Container Demurrage	  	0395	  	5112496697	  	 	1.000	  	  	 	68,485.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501621885	  	Change Notice: Continental - Add Cutting	  	0360	  	5112684957	  	 	1.000	  	  	 	3,140.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501621885	  	Change Notice: Continental - Freight	  	0360	  	5112684957	  	 	1.000	  	  	 	1,475.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501621885	  	Continental - Freight for Plate Delivery	  	0360	  	5112684957	  	 	1.000	  	  	 	1,485.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501621885	  	Continental - Mechanical Rolling - Plate	  	0360	  	5112684957	  	 	1.000	  	  	 	38,280.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501623214	  	CO-050 - Tankinetics - Anchor Bolt Templ	  	0375	  	5112950539	  	 	1.000	  	  	 	1,580.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501623214	  	Tankinetics - Sodium Bisulfite Tank	  	0375	  	5112748413	  	 	2.000	  	  	 	122,205.XX	  
	 FCCU Nox Scrubber Tech II
	  	4501624942	  	Hilti - HIT A193B7 B633 D:1-3/4	  	0115	  	5112590488	  	 	24.000	  	  	 	7,538.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501624942	  	Hilti - Re-500-SD Expoxy Jumbo Cartridge	  	0115	  	5112590488	  	 	6.000	  	  	 	2,024.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501628723	  	Newarc Welding - Fabrication of Stiffene	  	0110	  	5112591358	  	 	1.000	  	  	 	122,347.XX	  
	 FCCU Nox Scrubber Tech II
	  	4501628723	  	Newarc Welding - Lifting Lugs	  	0110	  	5112663216	  	 	1.000	  	  	 	1,500.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501613827	  	CO-036 Harrington Robb - Bore One End of	  	0360	  	5113001681	  	 	1.000	  	  	 	2,450.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501633827	  	CO-048 Harrington Robb - Bisulfite Meter	  	0360	  	5113001681	  	 	1.000	  	  	 	7,225.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501633827	  	CO-048 Harrington Robb Appr Common Drain	  	0360	  	5113001681	  	 	1.000	  	  	 	1,950.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501633827	  	Harrington Robb - 23-P-450 A/B Pmt 1	  	0360	  	5112668382	  	 	1.000	  	  	 	106,800.XX	  
	 FCCU Nox Scrubber Tech II
	  	4501633827	  	Harrington Robb - Milton Roy Pump Skid	  	0360	  	5113001681	  	 	1.000	  	  	 	1,150.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501634351	  	Shand & Jurs - Pmt 3 Emergency Hatch	  	0375	  	5112713339	  	 	1.000	  	  	 	3,528.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - AL3-CiD2-DPDT Alarm Systems	  	0164	  	5112701511	  	 	4.000	  	  	 	8,540.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Mounting Kits for Safety Shower	  	0164	  	5112636612	  	 	4.000	  	  	 	1,026.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Mounting Stand for Safety Shower	  	0164	  	5112695948	  	 	4.000	  	  	 	1,400.0X	  

 Schedule 2.2(f) – Page 5 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Safety Shower SS#23-04	  	0164	  	5112701511	  	 	1.000	  	  	 	2,375.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Safety Shower SS#23-05	  	0164	  	5112701511	  	 	1.000	  	  	 	2,375.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Safety Shower SS#23-06	  	0164	  	5112701511	  	 	1.000	  	  	 	2,375.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Safety Shower SS#23-07	  	0164	  	5112701511	  	 	1.000	  	  	 	2,375.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501638314	  	GTS - Therm-O-Mix Water Supply Units	  	0164	  	5112636612	  	 	4.000	  	  	 	22,760.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 2” GA01ST502	  	0158	  	5112768732	  	 	4.000	  	  	 	11,580.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 3/4” GA01ST502	  	0158	  	5112662882	  	 	14.000	  	  	 	21,210.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 3/4” GA01SU200C	  	0158	  	5112672664	  	 	7.000	  	  	 	2,667.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 4” 150lb lug check valv	  	0158	  	5112999039	  	 	1.000	  	  	 	3,119.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 4” CS01ST502	  	0158	  	5112768732	  	 	1.000	  	  	 	3,079.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 4” GA01ST500C	  	0158	  	5112662856	  	 	2.000	  	  	 	2,590.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 4” GA01ST502	  	0158	  	5112768732	  	 	8.000	  	  	 	33,000.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 4” GL01ST501C	  	0158	  	5112662856	  	 	1.000	  	  	 	1,700.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 4” GL01ST502	  	0158	  	5112768732	  	 	1.000	  	  	 	5,262.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 6” GA01ST502	  	0158	  	5112768732	  	 	1.000	  	  	 	6,555.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 8” l50lb lug check valv	  	0158	  	5112999039	  	 	1.000	  	  	 	8,750.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501643529	  	McJunkin - Valve 8” GA01ST500C	  	0158	  	5112662856	  	 	3.000	  	  	 	12,150.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501646310	  	McJunkin - 1” GA03NC500C	  	0158	  	5112666450	  	 	19.000	  	  	 	74,631.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501646310	  	McJunkin - 2” GA03NC500C	  	0158	  	5112666450	  	 	4.000	  	  	 	33,479.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501646310	  	McJunkin - 3/4” GA03NC500C	  	0158	  	5112666450	  	 	9.000	  	  	 	30,570.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501651031	  	McJunkin - 1” CS03NC500C	  	0158	  	5112950438	  	 	10.000	  	  	 	56,489.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501651031	  	McJunkin - 1” GA03NC500C	  	0158	  	5112950438	  	 	1.000	  	  	 	5,467.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501651031	  	McJunkin - 2” GA03NC500C	  	0158	  	5112950438	  	 	6.000	  	  	 	58,183.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501651031	  	McJunkin - 3/4” GA03NC500C	  	0158	  	5112950438	  	 	1.000	  	  	 	4,042.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 1125ft OKONITE	  	0210	  	5112679777	  	 	1,125.000	  	  	 	36,146.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 1125ft OKONITE	  	0210	  	5112689844	  	 	1,125.000	  	  	 	36,146.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 1180ft OKONITE	  	0210	  	5112779219	  	 	2,360.000	  	  	 	39,836.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 1200ft OKONITE	  	0210	  	5112779219	  	 	1,200.000	  	  	 	20,256.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 1210ft OKONITE	  	0210	  	5112779219	  	 	1,210.000	  	  	 	20,424.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 1230ft OKONITE	  	0210	  	5112779219	  	 	2,460.000	  	  	 	41,524.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 510ft OKONITE	  	0210	  	5112679777	  	 	545.000	  	  	 	17,510.8X	  

 Schedule 2.2(f) – Page 6 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 510ft OKONITE	  	0210	  	5112689844	  	 	545.000	  	  	 	17,510.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 620 ft OKONITE	  	0210	  	5112687358	  	 	620.000	  	  	 	19,920.6X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 700ft OKONITE	  	0210	  	5112679777	  	 	700.000	  	  	 	22,491.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 965ft OKONITE	  	0210	  	5112679778	  	 	965.000	  	  	 	31,005.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - 15KV Cable 965ft OKONITE	  	0210	  	5112687358	  	 	965.000	  	  	 	31,005.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501653107	  	Rumsey - Freight Charges	  	0210	  	5112779219	  	 	1.000	  	  	 	2,431.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501653999	  	Hilti - CO-012 DIAMOND BIT	  	0115	  	5112622556	  	 	5.000	  	  	 	1,279.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501653999	  	Hilti - CO-012 2”-35” Diamond Bit	  	0115	  	5112633929	  	 	5.000	  	  	 	1,585.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501653999	  	Hilti - CO-012 2”-54” Diamond Bit	  	0115	  	5112633929	  	 	5.000	  	  	 	1,753.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501657849	  	CO-043 - Emerson - Increase Length of He	  	0267	  	5113086582	  	 	1.000	  	  	 	2,750.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501657849	  	Emerson Process Mgt - NOX Anal.	  	0267	  	5112672724	  	 	1.000	  	  	 	106,660.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501659407	  	SO2 Analyzer	  	0267	  	5112756293	  	 	1.000	  	  	 	7,936.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501660062	  	Emerson Process Mgt-TOC Analyzer	  	0267	  	5113086680	  	 	1.000	  	  	 	40,470.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501662680	  	CO-030 Protectoseal - Spare 24-PSV-1057	  	0158	  	5112768168	  	 	1.000	  	  	 	5,935.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501662680	  	Protectoseal - 23-PSV- l057 Vacuum Relief	  	0158	  	5112768168	  	 	1.000	  	  	 	5,785.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501662680	  	Protectoseal - 23-PSV-1062 Vacuum Relief	  	0158	  	5112768168	  	 	1.000	  	  	 	5,785.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501662861	  	Thermon Mfg - Data Information	  	0158	  	5112775452	  	 	1.000	  	  	 	21,072.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501662861	  	Thermon Mfg - Tube Bundle	  	0158	  	5112775452	  	 	1.000	  	  	 	1,000.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501664184	  	Proconex - Control Valve 23FV2212 Parts	  	0280	  	5113023338	  	 	1.000	  	  	 	2,214.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501664184	  	Proconex - Control Valve 23FV3106	  	0280	  	5113023338	  	 	2.000	  	  	 	4,693.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501664620	  	Micro Motion - 23-FE-3110 Curiolis F Sen	  	0270	  	5112775285	  	 	1.000	  	  	 	11,059.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501664620	  	Micro Motion - MVD Single Variable Flowm	  	0270	  	5112775285	  	 	1.000	  	  	 	1,416.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 1 1/2” Gate Valve, Class 150,	  	0158	  	5112768512	  	 	2.000	  	  	 	1,185.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 2” Check Valve, Horizontal Li	  	0158	  	5112768512	  	 	2.000	  	  	 	1,452.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 2” Gate Valve, Class 150 RF,	  	0158	  	5112874210	  	 	10.000	  	  	 	4,672.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 3” Gate Valve, Class 150 RF,	  	0158	  	5112874210	  	 	5.000	  	  	 	3,345.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 3/4” Gate Valve, Class 150, T	  	0158	  	5112768512	  	 	17.000	  	  	 	3,161.6X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 3/4” Gate Valve, Class 150, T	  	0158	  	5112920159	  	 	4.000	  	  	 	1,035.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 4” Gate Valve, Class 150 RF	  	0158	  	5112874210	  	 	2.000	  	  	 	2,054.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 6” Gate Valve, Class 150 RF,	  	0158	  	5112874210	  	 	2.000	  	  	 	3,214.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501664797	  	McJunkin - 8” Gate Valve, Class 150 RF	  	0158	  	5112874210	  	 	2.000	  	  	 	5,717.6X	  

 Schedule 2.2(f) – Page 7 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501674965	  	Provide Lugs	  	0395	  	5112692587	  	 	1.000	  	  	 	1,140.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501674965	  	Trim Arcs	  	0395	  	5112713333	  	 	1.000	  	  	 	4,389.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501674965	  	Trim Plate	  	0395	  	5112713279	  	 	1.000	  	  	 	6,675.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501677016	  	Arobone - Level Gauge 23LG9800AAD	  	0270	  	5113184064	  	 	1.000	  	  	 	4,850.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501677016	  	Arobone - Level Gauge 23LG9800AAE	  	0270	  	5113184064	  	 	1.000	  	  	 	5,050.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501677070	  	Lakeside - Press Trans 3051S2CD	  	0280	  	5112933180	  	 	2.000	  	  	 	4,092.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501677070	  	Lakeside - Press Trans 3051S2TG	  	0280	  	5112933180	  	 	2.000	  	  	 	2,165.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501677073	  	Rosemount - Vortex Flow Meter	  	0280	  	5112716347	  	 	1.000	  	  	 	4,158.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501677073	  	Rosemount - Vortex Flow Meter	  	0280	  	5112746310	  	 	1.000	  	  	 	2,961.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501677202	  	Rosemount - Radar Level Trans 23LT3707	  	0280	  	5113017074	  	 	1.000	  	  	 	4,505.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501677202	  	Rosemount - Radar Level Trans 23LT3708	  	0280	  	5113017074	  	 	1.000	  	  	 	4,505.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501677691	  	Ohmart.Vega - Level Trans Pulse Radar	  	0280	  	5112917149	  	 	1.000	  	  	 	3,242.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501679633	  	NEW.12’x 16’ shed	  	0399	  	5112746923	  	 	1.000	  	  	 	2,180.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501679771	  	Graybar - Foxboro DCS Equipment	  	0220	  	5112787886	  	 	1.000	  	  	 	2,455.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501680971	  	Tyco - Heat Tracing Control Panel	  	0299	  	5113293096	  	 	1.000	  	  	 	4,593.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501684040	  	ASHCROFT GAUGE	  	0175	  	5112857631	  	 	12.000	  	  	 	1,357.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501684371	  	Proconex 1.5 Inch GC Valve 23PCV9400ACJ	  	0188	  	5112945023	  	 	1.000	  	  	 	3,389.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501684371	  	Proconex 1In Press Reduc 23PCV9400AAO	  	0188	  	5112945084	  	 	1.000	  	  	 	1,306.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501684371	  	Proconex 1 In Press Reducing Valve	  	0188	  	5112852488	  	 	4.000	  	  	 	4,688.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501684371	  	Proconex 1.5 In GC Valve 23PCV9400AAD	  	0188	  	5112945023	  	 	1.000	  	  	 	3,389.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501684371	  	Proconex Blanket Valve 23PCV9400AAK	  	0188	  	5112863301	  	 	1.000	  	  	 	6,144.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Miscellaneous steel, 316L plates, bolts	  	0330	  	5113263360	  	 	1.000	  	  	 	18,043.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers - COR #3	  	0330	  	5113263360	  	 	1.000	  	  	 	14,600.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers - Shop Premium Overtime	  	0330	  	5113040802	  	 	2.000	  	  	 	19,968.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers Struct Steel Area 121	  	0330	  	5112945211	  	 	1.000	  	  	 	62,400.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers -Additional Steel COR#2	  	0330	  	5113040802	  	 	1.000	  	  	 	135,160.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers Struct Steel Area 123	  	0330	  	5112945211	  	 	1.000	  	  	 	50,100.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers Struct Steel Area 145	  	0330	  	5112945211	  	 	1.000	  	  	 	26,100.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501686556	  	Steel Suppliers Supplier Data Requiremen	  	0330	  	5112945211	  	 	1.000	  	  	 	2,400.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501691003	  	Sandelius - Thermocouple/Thermowell Tran	  	0270	  	5112874612	  	 	1.000	  	  	 	2,241.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501695609	  	NAMW - 23-PSV-1054 Relief Valve	  	0188	  	5113201121	  	 	1.000	  	  	 	3,608.0X	  

 Schedule 2.2(f) – Page 8 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501695609	  	NAMW - 23-PSv-1056 Relief Valve	  	0188	  	5113040048	  	 	1.000	  	  	 	2,741.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501695609	  	NAMW - 23-PSV-1058 Relief Valve	  	0188	  	5113040048	  	 	1.000	  	  	 	2,293.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501695609	  	NAMW - 23-PSV-1063 Relief Valve	  	0188	  	5113201121	  	 	1.000	  	  	 	3,608.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501695609	  	NAMW - 23-PSV-1066 Relief Valve	  	0188	  	5113201121	  	 	1.000	  	  	 	3,608.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501695609	  	NAMW - 23-PSV-1069 Relief Valve	  	0188	  	5113201121	  	 	1.000	  	  	 	3,608.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696585	  	Proconex - 23XV3922A 2” Wash Water Shuto	  	0188	  	5113023309	  	 	1.000	  	  	 	1,913.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696585	  	Proconex - 23XV3922B 2” Wash Water Shuto	  	0188	  	5113023309	  	 	1.000	  	  	 	1,913.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696585	  	Proconex - 23XV4904 2” Wash Water Shutof	  	0188	  	5113023309	  	 	1.000	  	  	 	2,283.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696585	  	Proconex - 23XV4904B 1” Wash Water Shuto	  	0188	  	5113023309	  	 	1.000	  	  	 	2,003.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696585	  	Proconex - 23XV4918 4” Oxygen Shutoff Va	  	0188	  	5113210863	  	 	1.000	  	  	 	4,790.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696585	  	Proconex - 23XV4919 3” Nitrogen Shutoff	  	0188	  	5113023309	  	 	1.000	  	  	 	2,799.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696633	  	Lubrication Systems - Oil Mist Accessori	  	0368	  	5113212272	  	 	1.000	  	  	 	2,005.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501696728	  	2-1/8”I.D.X3/4” ARMAFLEX	  	0162	  	5112862034	  	 	600.000	  	  	 	2,358.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696734	  	McJunkin Redman - 2” GA02BT000 Bronze	  	0158	  	5112840478	  	 	11.000	  	  	 	1,497.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501696748	  	Applied Controls - 2938620 QUINT-PS-l00-	  	0210	  	5112787193	  	 	2.000	  	  	 	1,309.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0914SQ FBM201 Channel Isolat	  	0215	  	5112839955	  	 	5.000	  	  	 	5,313.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0914WH FBM207b Ch Isolated 1	  	0215	  	5112839955	  	 	4.000	  	  	 	3,036.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0914XS FBM237 Channel Isolat	  	0215	  	5112839955	  	 	6.000	  	  	 	6,153.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0916CP FCM10EF 2KM Fieldbus	  	0215	  	5112839955	  	 	2.000	  	  	 	2,232.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0916TA FBM242 Channel Isolat	  	0215	  	5112839955	  	 	4.000	  	  	 	2,836.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0926CP ZCP270 Control Proces	  	0215	  	5112846029	  	 	4.000	  	  	 	20,644.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0926GW FBM232, 10/100 Mbps E	  	0215	  	5112839955	  	 	1.000	  	  	 	2,173.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	lnvensys - P0926HT 8 Slots Hor. Baseplat	  	0215	  	5112839955	  	 	4.000	  	  	 	2,512.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0926JM 8 Slots Vert. Basepla	  	0215	  	5112839955	  	 	2.000	  	  	 	1,256.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0926MX Splitter/Combiner Kit	  	0215	  	5112839955	  	 	2.000	  	  	 	1,334.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0972VA Address Translation S	  	0215	  	5112846029	  	 	2.000	  	  	 	6,390.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0972YQ MGBIC w/1000 Base-SX	  	0215	  	5112846029	  	 	4.000	  	  	 	2,677.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0972ZA FCM100E, Field Comm M	  	0215	  	5112846029	  	 	2.000	  	  	 	4,062.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0973BJ Fiber E’net Switch w/	  	0215	  	5112846029	  	 	4.000	  	  	 	15,154.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P0973BP Redundant Pwr Supply	  	0215	  	5112846029	  	 	4.000	  	  	 	2,502.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501696829	  	Invensys - P9l37G22410A Workstation Serv	  	0215	  	5112846029	  	 	1.000	  	  	 	10,596.7X	  

 Schedule 2.2(f) – Page 9 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501696829	  	  	Invensys - Q0301AT AIM*Historian SW Lic	  	0215	  	5112846029	  	 	1.000	  	  	 	14,218.1X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501696829	  	  	Invensys - S10D22230314 I/A Series Windo	  	0215	  	5112846029	  	 	1.000	  	  	 	10,037.1X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501696829	  	  	Invensys - S61C21224000 I/A Series Funct	  	0215	  	5112846029	  	 	1.000	  	  	 	l,055.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501696829	  	  	Invensys - S61C8385100D I/A Series Funct	  	0215	  	5112846029	  	 	1.000	  	  	 	17,693.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 2”-GA0lCB501 2” Gate Valve	  	0158	  	5112959900	  	 	11.000	  	  	 	2,085.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 2”-GA03CB503 2” Gate Valve	  	0158	  	5113190633	  	 	6.000	  	  	 	1,248.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 2”-GA9229 2” Gate Valve, Bell	  	0158	  	5112945102	  	 	4.000	  	  	 	1,475.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 3”-GA0lCB501 3” Gale Valve	  	0158	  	5112959900	  	 	7.000	  	  	 	1,769.3X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 3/4”-GA08CB200 3/4” Gate Valv	  	0158	  	5112925762	  	 	31.000	  	  	 	1,279.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 3/4”-GL9368 3/4” Globe Valve	  	0158	  	5112874205	  	 	10.000	  	  	 	3,520.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699124	  	  	McJunkin - 3/4”-VGL038 3/4” Globe Valve	  	0158	  	5112874205	  	 	10.000	  	  	 	3,520.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699237	  	  	Smith Inst - 23CAB6 Marshalling Panelq	  	0215	  	5112950493	  	 	1.000	  	  	 	4,900.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699328	  	  	BARE-SD-4/0-19STR-CU	  	0225	  	5112793903	  	 	365.000	  	  	 	1,186.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699328	  	  	JJA36200 200A 600V 3P BREAKER	  	0230	  	5112828705	  	 	1.000	  	  	 	3,331.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501699328	  	  	THHN-4/0-BLK-19STR-CU	  	0225	  	5112828534	  	 	1,950.000	  	  	 	4,348.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - Crouse Hinds EJB362408 NEMA 7	  	0210	  	5113268170	  	 	2.000	  	  	 	53,047.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - D/4/12/3 MIQ Cold Lead	  	0210	  	5113118887	  	 	8.000	  	  	 	1,480.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - D/4/12/3 MIQ Cold Lead Additio	  	0210	  	5113118887	  	 	6.000	  	  	 	1,110.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - HTSX 6-1OJ Heating Cable 120V	  	0210	  	5113118887	  	 	800.000	  	  	 	4,280.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - HTSX-3-1OJ Heating Cable 120V	  	0210	  	5113118887	  	 	1,900.000	  	  	 	10,165.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - HTSX-6-2OJ Heating Cable 208V	  	0210	  	5113118887	  	 	520.000	  	  	 	2,782.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - HTSX-6-2-OJ Heating Cable Addi	  	0210	  	5113118887	  	 	468.000	  	  	 	2,503.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon MIQ-l1E0L-2S Mineral Insulated	  	0210	  	5113118887	  	 	412.000	  	  	 	1,359.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501701514	  	  	Thermon - PCA-H Power Connection Kit	  	0210	  	5113118887	  	 	35.000	  	  	 	1,260.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501702518	  	  	4-IN-GALV-STEEL-CONDUIT	  	0225	  	5112834840	  	 	100.000	  	  	 	1,656.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501702518	  	  	4X16-GALV-NIPPLE	  	0225	  	5112845949	  	 	33.000	  	  	 	1,587.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501704338	  	  	47A09-36-240 36” TRAY 20’ LENGTH ALUM	  	0225	  	5112874710	  	 	29.000	  	  	 	5,975.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501704338	  	  	47A09-36-240 36” TRAY 20’ LENGTH ALUM 6”	  	0225	  	5112874710	  	 	6.000	  	  	 	1,236.3X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501704338	  	  	47A09-36-240 36” TRAY 20’ LENGTHS ALUM	  	0225	  	5112874710	  	 	6.000	  	  	 	1,236.3X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501704338	  	  	THHN-2/0-GREEN-CU	  	0225	  	5112860053	  	 	850.000	  	  	 	1,700.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	1-1/2-ALUM CONDUIT	  	0215	  	5112850576	  	 	440.000	  	  	 	1,399.2X	  

 Schedule 2.2(f) – Page 10 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	2004 1/2 SS BEAM CLAMP	  	0225	  	5112846016	  	 	75.000	  	  	 	2,142.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	47A-09-12-240 12” TRAY 20FT ALUM	  	0225	  	5112875654	  	 	20.000	  	  	 	2,918.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	47A-09-24-240 24” TRAY 20FT ALUM	  	0225	  	5112875654	  	 	10.000	  	  	 	1,656.7X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	47A-09-36-240 36” TRAY 20FT ALUM	  	0225	  	5112875654	  	 	18.000	  	  	 	3,708.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	ATR-1/2X144SS6 THREADED ROD	  	0225	  	5112875644	  	 	600.000	  	  	 	7,392.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	B202SS4 1/2 SS SQUARE WASHER	  	0225	  	5112839651	  	 	400.000	  	  	 	1,696.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	B22SH-120SS4 1-5/8 SS STRUT	  	0225	  	5112858700	  	 	600.000	  	  	 	5,664.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501706198	  	  	THHN-2/0-GREEN-CU	  	0225	  	5112850483	  	 	1,000.00	  	  	 	2,000.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501707477	  	  	Lotox Field Piping	  	0155	  	5113223164	  	 	1.000	  	  	 	24,125.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501708153	  	  	THHN-2/0-GREEN-CU	  	0225	  	5112846015	  	 	500.000	  	  	 	1,000.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501709049	  	  	2” and larger piping for Lotox Project	  	0155	  	5113222304	  	 	1.000	  	  	 	177,244.1X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501709922	  	  	Industrial Valve/Fittings - Valves	  	0185	  	5112937000	  	 	1.000	  	  	 	12,255.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501710494	  	  	Hatfield & Company	  	0120	  	5112883094	  	 	1.000	  	  	 	1,990.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	2003 3/8 SS BEAM CLAMP	  	0225	  	5112874431	  	 	50.000	  	  	 	1,032.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	ATR-3/8 SS THREADED ROD	  	0225	  	5112940310	  	 	400.000	  	  	 	2,744.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	B22SH-120SS4 1-5/8 SS STRUT	  	0225	  	5112874428	  	 	200.000	  	  	 	1,888.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	GFS1 20A GFI	  	0250	  	5112858773	  	 	3.000	  	  	 	1,115.3X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	VMVSJ100GP/MT 100W LIGHT FIXTURE	  	0250	  	5112858807	  	 	5.000	  	  	 	1,388.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	VMVSJ100GP/MT-IR 100W LIGHT FIXTURE	  	0225	  	5112954207	  	 	5.000	  	  	 	2,160.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	XLP/PVC-2AWG-3C-W/G-600V-TC	  	0225	  	5112858053	  	 	450.000	  	  	 	1,935.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	XLP/PVC-8AWG-3C-W/G-600V-TC	  	0225	  	5112858053	  	 	850.000	  	  	 	1,079.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501711728	  	  	Y48M28T45CU 45KVA TRANSFORMER	  	0230	  	5112874431	  	 	1.000	  	  	 	4,065.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501714959	  	  	Fabricated piping spools	  	0155	  	5113256455	  	 	1.000	  	  	 	27,287.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501714959	  	  	Shaw- Pipe Fabrication	  	0155	  	5113046561	  	 	1.000	  	  	 	414,604.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501715528	  	  	FABRICATE ELECTRICAL SUPPORTS	  	0250	  	5112858169	  	 	1.000	  	  	 	1,212.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501715655	  	  	23 -C-401 ACCELERATION PLATE	  	0399	  	5112864493	  	 	1.000	  	  	 	1,872.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	151XST-120R STROBE	  	0225	  	5112875645	  	 	3.000	  	  	 	1,095.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	1852-6860R 1PR 16AWG O/A SHIELD 300V PLT 1874-712A0 12PR 12AWG IND & OVERALL	  	0225	  	5112930758	  	 	15,436.000	  	  	 	3,241.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	SHIE 1874-82480 24PR 18AWG IND & OVERALL	  	0225	  	5112930758	  	 	1,408.000	  	  	 	8,025.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	SHIE	  	0225	  	5112930758	  	 	382.000	  	  	 	1,298.8X	  

 Schedule 2.2(f) – Page 11 

																							
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	 	  	MatDoc	 	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	1874-83680 36PR 18AWG IND & OVERALL SHIE	  	 	0225	  	  	 	5112930758	  	  	 	725.000	  	  	 	3,697.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	1-IN ALUM CONDUIT	  	 	0215	  	  	 	5112875669	  	  	 	600.000	  	  	 	1,176.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	2-IN ALUM CONDUIT	  	 	0215	  	  	 	5112875645	  	  	 	600.000	  	  	 	2,550.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	3/4 ALUM CONDUIT	  	 	0215	  	  	 	5112875673	  	  	 	1,800.000	  	  	 	2,052.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	300GCX-120 SELECTONE	  	 	0225	  	  	 	5112875645	  	  	 	3.000	  	  	 	2,058.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	4075 3/4 SS PARALLEL CLAMP	  	 	0225	  	  	 	5112875645	  	  	 	50.000	  	  	 	1,302.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	B22SH-120SS4 1-5/8 SS STRUT SLOTTED	  	 	0225	  	  	 	5112874548	  	  	 	400.000	  	  	 	3,776.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717122	  	  	BARE-SD-4/019STR-CU	  	 	0225	  	  	 	5112875648	  	  	 	595.000	  	  	 	2,570.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	1-1/2 ALUM CONDUIT	  	 	0215	  	  	 	5112918277	  	  	 	650.000	  	  	 	2,067.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	3/4 ALUM CONDUIT	  	 	0215	  	  	 	5112879954	  	  	 	2,800.000	  	  	 	3,192.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	4075 3/4 SS PARALLEL CLAMP	  	 	0225	  	  	 	5112874708	  	  	 	50.000	  	  	 	1,302.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	4-IN ALUM CONDUIT	  	 	0215	  	  	 	5112874708	  	  	 	270.000	  	  	 	2,932.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	4-IN ALUM CONDUIT	  	 	0215	  	  	 	5112875650	  	  	 	130.000	  	  	 	1,411.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	4-IN-90DEG-ALUM-ELBOW	  	 	0215	  	  	 	5112875703	  	  	 	9.000	  	  	 	1,201.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	4-IN-GALV CONDUIT	  	 	0225	  	  	 	5112875650	  	  	 	160.000	  	  	 	2,217.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	5612A 1/0 5KV COLD SHRINK TERM KITS	  	 	0225	  	  	 	5112920197	  	  	 	36.000	  	  	 	2,736.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	5623K 2/0-250MCM 5KV TERM KIT	  	 	0215	  	  	 	5112874708	  	  	 	12.000	  	  	 	2,232.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	###-##-#### 3C #8 CLX 600V	  	 	0225	  	  	 	5112920197	  	  	 	1,155.000	  	  	 	2,125.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	###-##-#### 3C 750 CLX 600V	  	 	0225	  	  	 	5112878745	  	  	 	400.000	  	  	 	14,020.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	ACCN-06-144 6-IN CHANNEL	  	 	0225	  	  	 	5112944431	  	  	 	13.000	  	  	 	1,259.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	B22SH-120SS4 1-5/8 SS STRUT SLOTTED	  	 	0225	  	  	 	5112878646	  	  	 	150.000	  	  	 	1,416.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	B22SH-120SS4 1-5/8 SS STRUTSLOTTED	  	 	0225	  	  	 	5112878646	  	  	 	150.000	  	  	 	1,416.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	B409-12-SS4 SS CHANNEL BRACKET	  	 	0225	  	  	 	5112918124	  	  	 	80.000	  	  	 	4,548.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	BG98-SA 4-IN MOGUL ALUM BODY COVER BLB 10-SA 4-IN MOGUL ALUM BLB CONDUIT	  	 	0250	  	  	 	5112918104	  	  	 	18.000	  	  	 	2,016.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	BOD BT10-SA 4-IN ALUM MOGUL BT CONDUIT	  	 	0250	  	  	 	5112878641	  	  	 	9.000	  	  	 	2,466.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	BODY	  	 	0250	  	  	 	5112918220	  	  	 	9.000	  	  	 	2,574.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	COND4-G 4-IN PVC COATED CONDUIT	  	 	0215	  	  	 	5112875650	  	  	 	200.000	  	  	 	4,722.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	CUT/REEL CHARGE	  	 	0225	  	  	 	5112926791	  	  	 	3.000	  	  	 	1,296.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501717484	  	  	EYS10-SA 4-IN ALUM FEMALE SEAL	  	 	0250	  	  	 	5113000115	  	  	 	18.000	  	  	 	3,888.0X	  

 Schedule 2.2(f) – Page 12 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501717484	  	LRELL4X36-G PVC COATED ELBOW	  	0215	  	5112878698	  	 	16.000	  	  	 	6,209.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501717484	  	TMCX8302 3-IN CORD CONN.	  	0250	  	5112872757	  	 	6.000	  	  	 	1,476.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717484	  	UNY 1005-SA 4-IN ALUM MALE UNION	  	0250	  	5112872695	  	 	8.000	  	  	 	1,128.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501717484	  	VMVSJ070GP/MT-IR 70W LIGHT FIXTURE	  	0225	  	5112995073	  	 	6.000	  	  	 	2,592.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717484	  	XLP/PVC-12AWG-3C-W/G-600V-TC	  	0225	  	5112875662	  	 	2,000.000	  	  	 	1,300.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717484	  	YMCX7247 2-1/2 CORD CONN	  	0250	  	5112878672	  	 	18.000	  	  	 	3,348.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717816	  	Senior Flexonics - 2” Flexible Connector	  	0182	  	5113125114	  	 	1.000	  	  	 	1,775.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717816	  	Senior Flexonics - 3” Flexible Connector	  	0182	  	5113125114	  	 	1.000	  	  	 	1,765.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717816	  	Senior Flexonics - 4” Flexible Connector	  	0182	  	5113125114	  	 	2.000	  	  	 	3,350.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717816	  	Senior Flexonics - Flexible Connector	  	0182	  	5113125114	  	 	2.000	  	  	 	3,900.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501717960	  	###-##-#### 3C 500 CLX 600V	  	0225	  	5112926789	  	 	1,200.000	  	  	 	28,524.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501719771	  	3/4 SARCO TD42H TRAP	  	0175	  	5112915147	  	 	8.000	  	  	 	2,396.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501719957	  	PPH-CABLE TRAY SUPPORT 18” WIDE @ 18” AB	  	0225	  	5112930690	  	 	12.000	  	  	 	7,983.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501720910	  	B409-l2-SS4 SS CHANNEL BRACKET	  	0225	  	5112918282	  	 	50.000	  	  	 	2,843.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501721453	  	Eastern Controls - 870ITPH-AYFNZ-7 INTEL	  	0299	  	5112936753	  	 	4.000	  	  	 	5,275.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501721453	  	Eastern Controls - ORP10-1N2B DolpHin Se	  	0299	  	5112938672	  	 	2.000	  	  	 	1,758.3X	  
	 FCCU Nox Scrubber Tech II
	  	4501721453	  	Eastern Controls - PH10-3N2B DolpHin Ser	  	0299	  	5112938672	  	 	2.000	  	  	 	1,428.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501721470	  	Eastern - O’Brien Instrument Enclosure	  	0215	  	5113008914	  	 	2.000	  	  	 	1,374.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	5-IN-36RAD-90D GALV ELBOW	  	0215	  	5112914621	  	 	17.000	  	  	 	3,944.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	5-IN-ALUM CONDUIT	  	0215	  	5112926795	  	 	80.000	  	  	 	1,189.6X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	5-IN-GALV-CONDUIT	  	0225	  	5112914621	  	 	570.000	  	  	 	17,920.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	5-IN-PVC-SCHED-40 CONDUIT	  	0225	  	5112914533	  	 	1,500.000	  	  	 	2,955.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	5XCLOSEX3-ALUM NIPPLE	  	0250	  	5112930660	  	 	9.000	  	  	 	1,125.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	CESD2213 2W-3P RECPT.	  	0215	  	5112956015	  	 	8.000	  	  	 	2,489.2X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	D2LU324*21l30-3M100 PANELBOARD	  	0225	  	5112956015	  	 	1.000	  	  	 	12,365.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	D2LLU324E-02120E-19120-3M100 PANELBOARD	  	0225	  	5113000153	  	 	1.000	  	  	 	12,860.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	EYS0l26-SA 5-IN SEAL FITTING	  	0225	  	5112958827	  	 	17.000	  	  	 	6,885.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	GFS1 20A GFI	  	0250	  	5112920227	  	 	4.000	  	  	 	1,487.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	RD70 100/250W DOME REFLECTOR	  	0225	  	5112920227	  	 	33.000	  	  	 	1,044.7X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	UNY012 5-IN MALE UNION	  	0250	  	5112878615	  	 	6.000	  	  	 	1,034.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	VMVS2A100GP/MT 100W HPS LIGHT FIXTURE	  	0225	  	5112920227	  	 	13.000	  	  	 	3,859.1X	  

 Schedule 2.2(f) – Page 13 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	VMVS2TW100GP/MT 100W HPS FIXTURE	  	0225	  	5112920227	  	 	4.000	  	  	 	1,424.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	VMVSJ100GP/MT 100W HPS FIXTURE	  	0250	  	5112920227	  	 	4.000	  	  	 	1,110.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	VMVSJ100GP/MT-IR 100W HPS IR FIXTURE	  	0225	  	5113000153	  	 	12.000	  	  	 	5,184.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501723380	  	Y48M28T30CU 30KVA TRANSFORMER	  	0230	  	5112935347	  	 	3.000	  	  	 	9,795.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501724710	  	Electrical Vault	  	0250	  	5113035601	  	 	1.000	  	  	 	8,582.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501725326	  	Eastern Controls - BS806KN Rail Mounting	  	0215	  	5113008931	  	 	4.000	  	  	 	2,752.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501727540	  	B22A-240-SS4 1-5/8 BACK TO BACK SS STRUT	  	0225	  	5112926783	  	 	320.000	  	  	 	3,020.8X	  
	 FCCU Nox Scrubber Tech II
	  	4501727540	  	B281A-HDG STRUT BACK TO BACK BASE	  	0225	  	5112926783	  	 	32.000	  	  	 	1,307.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501728846	  	66335020	  	0155	  	5112951555	  	 	42.330	  	  	 	2,939.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501728846	  	66832228	  	0155	  	5112951555	  	 	61.250	  	  	 	2,866.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501731999	  	1” x 8” x 60” CS Plate	  	0395	  	5112935271	  	 	18.000	  	  	 	1,890.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501732008	  	Set of lifting lugs	  	0330	  	5112946375	  	 	1.000	  	  	 	8,447.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501732008	  	Temp. support per sketch	  	0399	  	5112946375	  	 	1.000	  	  	 	1,011.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501733017	  	1/16” C276 plate 48” x 144”	  	0395	  	5112999990	  	 	6.000	  	  	 	20,293.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501735027	  	Invensys - Triconex FCC SIS	  	0215	  	5113119901	  	 	1.000	  	  	 	124,600.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501735027	  	Invensys CO-001 for PO 4501735027	  	0215	  	5113199998	  	 	1.000	  	  	 	21,159.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501735127	  	27W47 L5-20R LOCKING CONN.	  	0215	  	5112954157	  	 	45.000	  	  	 	1,454.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501737166	  	PLT8LH-C120 BLACK TY-RAP	  	0250	  	5112959527	  	 	4,000.000	  	  	 	4,640.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501737172	  	8” S/40S TEE A403 WP316/316LW	  	0158	  	5112943163	  	 	2.000	  	  	 	1,316.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501737220	  	8” X 8” -20’ MIXCED RED & WHITE OAK	  	0110	  	5113022631	  	 	36.000	  	  	 	3,846.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501737220	  	FCO to PO # 4501737220	  	0110	  	5113172774	  	 	18.000	  	  	 	1,923.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501738162	  	Elevated Fire Monitor	  	0164	  	5113099200	  	 	1.000	  	  	 	19,875.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501738728	  	McKay 308L-16 3/32 6# can	  	0195	  	5112959305	  	 	796.000	  	  	 	4,298.4X	  
	 FCCU Nox Scrubber Tech II
	  	4501739041	  	PROVIDE SAFETY CABLE	  	0162	  	5113021050	  	 	10.000	  	  	 	3,517.5X	  
	 FCCU Nox Scrubber Tech II
	  	4501739648	  	Deacon 3 150 FLG SS DFT EXCALIBER CK VLV	  	0175	  	5113025778	  	 	1.000	  	  	 	3,322.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501740638	  	Rumsey - Circuit Breakers	  	0220	  	5113040929	  	 	2.000	  	  	 	34,866.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501742010	  	XLP/PVC-2/0AWG-3/C-W/G-600V-TC	  	0225	  	5112967868	  	 	465.000	  	  	 	3,654.9X	  
	 FCCU Nox Scrubber Tech II
	  	4501743342	  	PLT5H-C30LOCKING CABLE TIE	  	0250	  	5112998416	  	 	2,000.000	  	  	 	1,420.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501745892	  	3/4” GL 9368	  	0185	  	5113017107	  	 	4.000	  	  	 	1,408.0X	  
	 FCCU Nox Scrubber Tech II
	  	4501745895	  	1”CLO1SU301	  	0188	  	5113024267	  	 	3.000	  	  	 	1,522.1X	  
	 FCCU Nox Scrubber Tech II
	  	4501745895	  	1” GA01SU301	  	0188	  	5113024267	  	 	6.000	  	  	 	1,080.9X	  

 Schedule 2.2(f) – Page 14 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501745895	  	  	3/4” GA01SU200	  	0188	  	5113114459	  	 	7.000	  	  	 	1,301.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501745900	  	  	2 150# GATE VALVE	  	0188	  	5113267397	  	 	1.000	  	  	 	2,895.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501745900	  	  	3/4 SW/T 800# GATE VALVE	  	0188	  	5113267397	  	 	4.000	  	  	 	1,524.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501746368	  	  	10” S/10S TEE A403 WP316 SMLS 1 BONNEY FORGE HL-18L-SW 800# BODY:	  	0115	  	5113010533	  	 	1.000	  	  	 	1,343.7X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501746837	  	  	FORG	  	0188	  	5112998981	  	 	6.000	  	  	 	1,273.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501746979	  	  	1/8” E904L SS ELECTRODE	  	0195	  	5113040730	  	 	306.000	  	  	 	6,064.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501746979	  	  	1/8” ERNiCrMo-10 TIG WIRE	  	0195	  	5113028604	  	 	30.000	  	  	 	1,268.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501746979	  	  	3/32” E308L SS ELECTRODE	  	0195	  	5113028604	  	 	252.000	  	  	 	1,360.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501746979	  	  	3/32” E904L SS ELECTRODE	  	0195	  	5113040730	  	 	252.000	  	  	 	4,825.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501748482	  	  	3/32” E308L SS ELECTRODE	  	0195	  	5113014058	  	 	402.000	  	  	 	2,170.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501748482	  	  	3/32” E316 SS ELECTRODE	  	0195	  	5113014058	  	 	204.000	  	  	 	1,287.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501750624	  	  	24A-09-06-240 ALUM TRAY	  	0225	  	5113037751	  	 	10.000	  	  	 	1,960.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501753566	  	  	HVS-1523S IN LINE SPLlCE FOR EACH PHASE HVSA-3 RE-ARMORING AND REJACKETING	  	0225	  	5113038417	  	 	24.000	  	  	 	8,544.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501753566	  	  	KIT HVT-Z-152-G INDOOR TERMINATION, ONE	  	0225	  	5113038417	  	 	8.000	  	  	 	6,656.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501753566	  	  	FOR HVT-Z-153-G INDOOR TERMINATION, ONE	  	0225	  	5113038417	  	 	36.000	  	  	 	3,202.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501753566	  	  	FOR MOD-3A-HVT SEALING BOOT PLUS	  	0225	  	5113038417	  	 	12.000	  	  	 	1,239.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501753566	  	  	REJACKETING MOD-3B-HVT SEALING BOOT PLUS	  	0225	  	5113038417	  	 	12.000	  	  	 	4,280.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501753566	  	  	REKJACKETIN	  	0225	  	5113038417	  	 	4.000	  	  	 	1,547.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501759280	  	  	Lotox Project Priority 1 Pipe Supports	  	0155	  	5113105854	  	 	1.000	  	  	 	10,637.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501759280	  	  	Lotox Project Priority 2 Pipe Supports	  	0155	  	5113194386	  	 	1.000	  	  	 	9,947.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501759280	  	  	Lotox Project Priority 3 Pipe Supports	  	0155	  	5113194407	  	 	1.000	  	  	 	3,244.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501759280	  	  	Lotox Project Priority 4 Pipe Supports	  	0155	  	5113177328	  	 	1.000	  	  	 	12,909.7X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762754	  	  	Hood for fume remover	  	0164	  	5113116078	  	 	8.000	  	  	 	1,692.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762762	  	  	SUPPORTS PER ATTACHED DRG.	  	0330	  	5113036344	  	 	8.000	  	  	 	2,176.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762765	  	  	Grating clip	  	0115	  	5113086399	  	 	600.000	  	  	 	1,680.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762765	  	  	Grating clip	  	0115	  	5113125944	  	 	800.000	  	  	 	2,240.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762793	  	  	 Invensys - FBM233, 10/100 Mbps Ethernet,
	  	0215	  	5113099202	  	 	2.000	  	  	 	4,205.7X	  

 Schedule 2.2(f) – Page 15 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501762796	  	  	BX006DWLS9KR 6-FIBER 62.5, MM, TIGHT BUF	  	0225	  	5113083089	  	 	4,026.000	  	  	 	4,509.1X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762796	  	  	CR36-B NON-METALLIC CABLE RACK	  	0225	  	5113053014	  	 	40.000	  	  	 	1,842.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762796	  	  	HVS-1521S IN-LINE SPLICE 3C CLX 4/0 HVSA-3 REARMORING AND REJACKETING	  	0225	  	5113083089	  	 	18.000	  	  	 	3,353.7X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762796	  	  	KIT 3C MBSM-125/30-1200 WRAP AROUND REPAIR	  	0225	  	5113083089	  	 	6.000	  	  	 	4,992.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762796	  	  	SLEE	  	0225	  	5113083089	  	 	24.000	  	  	 	3,175.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501762796	  	  	RA-11 11-INCH ARM	  	0225	  	5113053014	  	 	80.000	  	  	 	2,248.8X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501763047	  	  	PLT8LH-C120 LOCKING CABLE TIE 1852-6860R 1 PR 16AWG SHIELDED TRAY	  	0250	  	5113053101	  	 	4,000.00	  	  	 	4,640.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501764661	  	  	CABLE	  	0225	  	5113092717	  	 	10,000.000	  	  	 	2,100.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501764796	  	  	Pipe	  	0158	  	5113114354	  	 	10.000	  	  	 	2,214.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501764856	  	  	EPOXY COAT COOLING WATER SKIDS	  	0152	  	5113053187	  	 	1.000	  	  	 	7,800.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501765879	  	  	Part # *M5AHSS-44-BL	  	0299	  	5113106085	  	 	6.000	  	  	 	2,984.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501766455	  	  	Escoweld 7505E/7530	  	0368	  	5113053027	  	 	82.000	  	  	 	32,964.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501766461	  	  	Kraemer Gunite - Fireproofing Skirt	  	0135	  	5113106304	  	 	1.000	  	  	 	19,675.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501766977	  	  	5XCLOSEX3-ALUM-NIPPLE	  	0250	  	5113117110	  	 	10.000	  	  	 	1,678.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501767064	  	  	999 VLV GT SS HL-T  1/2	  	0299	  	5113104766	  	 	3.000	  	  	 	1,298.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501767878	  	  	Fab Repads-per provided templates	  	0330	  	5113079935	  	 	1.000	  	  	 	2,390.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501767967	  	  	B279FL-SS4 2-HOLE SS POST BASE	  	0225	  	5113115455	  	 	20.000	  	  	 	1,197.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501767967	  	  	N228SS6 3/8-INCH SS SPRING NUT	  	0225	  	5113092663	  	 	400.000	  	  	 	1,412.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501769959	  	  	1” x 8” x 60” CS Plate	  	0395	  	5113091115	  	 	18.000	  	  	 	1,890.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501769959	  	  	FCO # PO 4501769959	  	0395	  	5113125009	  	 	18.000	  	  	 	1,890.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501769978	  	  	Leveling discs	  	0330	  	5113092270	  	 	40.000	  	  	 	1,552.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501770902	  	  	rolled flat bar	  	0395	  	5113105847	  	 	1.000	  	  	 	1,859.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501770902	  	  	rolled fiat bar	  	0395	  	5113269275	  	 	1.000	  	  	 	4,841.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501771870	  	  	1150 1-1/2-INCH SS RIGHT ANGLE CLAMP	  	0225	  	5113115479	  	 	50.000	  	  	 	1,116.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501772207	  	  	Part # 8M8F-V12LN-SS-ST-SPECIAL	  	0299	  	5113126804	  	 	12.000	  	  	 	2,355.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501775426	  	  	6 SCH 40S T316/316L SS SMLS PIPE PE SC 1	  	0125	  	5113371253	  	 	44.000	  	  	 	3,729.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501776411	  	  	3/32” E320-16 Electrodes	  	0195	  	5113124458	  	 	168.000	  	  	 	4,747.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501776415	  	  	Series “F” Replacement Modules	  	0395	  	5113171624	  	 	1.000	  	  	 	16,112.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501776415	  	  	Series “G” Replacement Modules	  	0395	  	5113171624	  	 	1.000	  	  	 	18,648.0X	  

 Schedule 2.2(f) – Page 16 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501776486	  	  	1874-85080 50 PAIR 18AWG IND & OVERALL S	  	0225	  	5113116684	  	 	470.000	  	  	 	3,440.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501776486	  	  	TMCX9352 3-1/2-INCH CORD CONN.	  	0250	  	5113116559	  	 	4.000	  	  	 	1,463.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501778675	  	  	1/8” E309L SS ELECTRODES	  	0195	  	5113124464	  	 	150.000	  	  	 	1,213.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501778675	  	  	1/8” E316L SS ELECTRODES	  	0195	  	5113124413	  	 	250.000	  	  	 	2,117.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501778675	  	  	1/8” E7018 ELECTRODES	  	0195	  	5113124466	  	 	1,000.000	  	  	 	2,070.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501778675	  	  	3/32” E309L SS ELECTRODES	  	0195	  	5113124464	  	 	120.000	  	  	 	1,056.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501778728	  	  	2003 3/8 SS BEAM CLAMP	  	0225	  	5113116769	  	 	50.000	  	  	 	1,032.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501780495	  	  	Custom Cut Oak Wedges	  	0330	  	5113172775	  	 	20.000	  	  	 	1,170.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501783484	  	  	18 PETERSEN #141 ALUM PLUG	  	0155	  	5113131277	  	 	2.000	  	  	 	1,283.4X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501784111	  	  	1/8” ER308/308L SS TIG WIRE	  	0195	  	5113181086	  	 	150.000	  	  	 	1,180.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501784111	  	  	1/8” ER316 SS TIG WIRE	  	0195	  	5113178211	  	 	150.000	  	  	 	1,456.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501784111	  	  	3/32” E7018 ELECTRODE	  	0195	  	5113178211	  	 	500.000	  	  	 	1,050.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501784111	  	  	3/32” ER308/308L SS TIG WIRE	  	0195	  	5113178211	  	 	150.000	  	  	 	1,192.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501784111	  	  	3/32” ER316 SS TIG WIRE	  	0195	  	5113181086	  	 	150.000	  	  	 	1,512.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501785497	  	  	l/8” ER308LSS	  	0195	  	5113181083	  	 	150.000	  	  	 	1,180.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501785497	  	  	3/32” ER308LSS	  	0195	  	5113181083	  	 	150.000	  	  	 	1,192.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501785497	  	  	3/32” ERNiCrMo-4	  	0195	  	5113181083	  	 	100.000	  	  	 	3,309.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501786200	  	  	XLP/PVC-12AWG-3C-CU-600V-TC	  	0225	  	5113173722	  	 	2,050.00	  	  	 	1,148.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501787263	  	  	5 Star Grout 150-50#	  	0110	  	5113183512	  	 	50.000	  	  	 	2,550.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501787398	  	  	Coppus 6” x 30’ duct	  	0162	  	5113131318	  	 	4.000	  	  	 	1,638.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501787398	  	  	PV 1000 porta vent with motor	  	0162	  	5113131318	  	 	1.000	  	  	 	1,282.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501788611	  	  	F66W36SS TROUGH SS 6” X 6” X 36”	  	0215	  	5113177757	  	 	3.000	  	  	 	1,395.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790114	  	  	Copper Buss Bars (6)	  	0250	  	5113178566	  	 	1.000	  	  	 	1,648.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790142	  	  	2003 3/8 SS BEAM CLAMP	  	0225	  	5113190545	  	 	50.000	  	  	 	1,032.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790142	  	  	B201SS4 3/8 SS SQUARE WASHER	  	0225	  	5113181028	  	 	300.000	  	  	 	1,158.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790142	  	  	B409-12-SS4 STRUT BRACKET SS	  	0225	  	5113180815	  	 	50.000	  	  	 	2,843.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790142	  	  	TYC28MX BLACK CABLE TIE	  	0250	  	5113181037	  	 	5,000.000	  	  	 	2,050.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790143	  	  	4/0-3C X-OLENE XLP 3 CABELED WITH 3X #8 POWERLINE IAF PANEL AS PER QUOTE#	  	0225	  	5113196731	  	 	300.000	  	  	 	3,918.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790143	  	  	215358	  	0225	  	5113211030	  	 	1.000	  	  	 	2,530.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790548	  	  	999 PIPE 304 S40 SMLS 6	  	0158	  	5113192497	  	 	185.100	  	  	 	14,260.1X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501790548	  	  	ELL 304 90 S40 6	  	0158	  	5113192493	  	 	6.000	  	  	 	1,446.0X	  

 Schedule 2.2(f) – Page 17 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 FCCU Nox Scrubber Tech II
	  	 	4501791000	  	  	###-##-#### 500MCM 3C CLX	  	0225	  	5113211031	  	 	670.000	  	  	 	19,409.9X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501791000	  	  	###-##-#### 750MCM 3C CLX	  	0225	  	5113211031	  	 	236.000	  	  	 	10,046.5X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501792814	  	  	Fabricated Lifting Lugs	  	0330	  	5113178413	  	 	2.000	  	  	 	3,156.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501793203	  	  	Rumsey - Full Voltage Non-Reversing Star	  	0220	  	5113223168	  	 	2.000	  	  	 	3,942.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501793491	  	  	3/4 BONNEY FORGE HL-18L-SW/T 800# BODY:	  	0188	  	5113184673	  	 	8.000	  	  	 	1,645.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501795102	  	  	XLP/PVC-12AWG-3C-NO-GROUND-600V-CU-TC	  	0225	  	5113201820	  	 	3,029.000	  	  	 	1,696.2X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501795989	  	  	STT12V100 TUBULAR FLODDED BATTERY	  	0225	  	5113279149	  	 	6.000	  	  	 	3,990.6X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501797659	  	  	B22SH-120SS4 1-5/8 SS SLOTTED STRUT	  	0225	  	5113203626	  	 	200.000	  	  	 	1,888.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501797659	  	  	B409-12SS4 STRUT SS BRACKET	  	0225	  	5113343193	  	 	50.000	  	  	 	2,843.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501797659	  	  	VMVSJ100GP/120-IR 100W LIGHT FIXTURE	  	0225	  	5113281004	  	 	12.000	  	  	 	5,580.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501799196	  	  	1874-83680 36PR 18AWG IND & OVERALL SHIE	  	0225	  	5113203562	  	 	500.000	  	  	 	2,660.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501801134	  	  	B22SH-120SS4 1-5/8 SLOTTED SS STRUT	  	0225	  	5113257137	  	 	200.000	  	  	 	1,888.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	1/8” ENiCrMo-3 TIG WIRE	  	0195	  	5113255459	  	 	50.000	  	  	 	1,426.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	1/8” ERNiCrMo-3 ELECTRODE	  	0195	  	5113255459	  	 	100.000	  	  	 	3,376.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	1/8” ERNiCrMo-4 ELECTRODE	  	0195	  	5113255459	  	 	50.000	  	  	 	1,755.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	3/32” ERNiCrMo-3 TIG WIRE	  	0195	  	5113255459	  	 	200.000	  	  	 	5,790.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	3/32” ERNiCrMo-4 TIG WIRE	  	0195	  	5113255459	  	 	48.000	  	  	 	1,480.3X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	3/32” ERNiCrMo-3 ELECTRODE	  	0195	  	5113255459	  	 	100.000	  	  	 	3,467.0X	  
	 FCCU Nox Scrubber Tech II
	  	 	4501802218	  	  	3/32” ERNiCrMo-4 ELECTRODE	  	0195	  	5113255459	  	 	50.000	  	  	 	1,773.0X	  
	 Gasification Performance Improvement
	  	 	4501130565	  	  	Magnetic Sign for Truck	  	0173	  	5110197440	  	 	2.000	  	  	 	60.0X	  
	 Gasification Performance Improvement
	  	 	4501150638	  	  	Delivery & Installation	  	0365	  	5110503307	  	 	1.000	  	  	 	11,175.0X	  
	 Gasification Performance Improvement
	  	 	4501150638	  	  	Deposit on Furniture per Quote 3//5/07	  	0365	  	5110503307	  	 	1.000	  	  	 	60,000.0X	  
	 Gasification Performance Improvement
	  	 	4501150638	  	  	Furniture per A O E Quote 3//5/07	  	0365	  	5110503307	  	 	1.000	  	  	 	104,940.X	  
	 Gasification Performance Improvement
	  	 	4501194420	  	  	4’ Square Table w/Seats	  	0365	  	5110678072	  	 	1.000	  	  	 	542.8X	  
	 Gasification Performance Improvement
	  	 	4501194420	  	  	7.5’ Umbrella w/Pole	  	0365	  	5110678072	  	 	1.000	  	  	 	316.6X	  
	 Gasification Performance Improvement
	  	 	4501194420	  	  	Ash Urn	  	0365	  	5110678072	  	 	1.000	  	  	 	324.8X	  
	 Gasification Performance Improvement
	  	 	4501194420	  	  	Concrete Umbrella Base	  	0365	  	5110678072	  	 	1.000	  	  	 	63.22	  
	 Gasification Performance Improvement
	  	 	4501194420	  	  	Smoking Shelter	  	0365	  	5110678072	  	 	1.000	  	  	 	5,644.0X	  
	 Gasification Performance Improvement
	  	 	4501217911	  	  	Combination Cabinet	  	0365	  	5110492531	  	 	1.000	  	  	 	206.7X	  
	 Gasification Performance Improvement
	  	 	4501217911	  	  	Estimated Freight	  	0365	  	5110492531	  	 	1.000	  	  	 	53.23	  

 Schedule 2.2(f) – Page 18 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501251484	  	  	Cal Gas 58L (H2S)	  	0164	  	5110751260	  	 	1.000	  	  	 	94.25	  
	 Gasification Performance Improvement
	  	 	4501251484	  	  	Cal Gas 58L (SO2)	  	0164	  	5110751260	  	 	1.000	  	  	 	91.0X	  
	 Gasification Performance Improvement
	  	 	4501251484	  	  	Gas Alert Dock II	  	0164	  	5110751260	  	 	1.000	  	  	 	1,621.7X	  
	 Gasification Performance Improvement
	  	 	4501251484	  	  	Micro Dock II Brackets	  	0164	  	5110751260	  	 	1.000	  	  	 	14.3X	  
	 Gasification Performance improvement
	  	 	4501251484	  	  	Regulator	  	0164	  	5110751260	  	 	2.000	  	  	 	422.5X	  
	 Gasification Performance Improvement
	  	 	4501251484	  	  	Wall Mount	  	0164	  	5110751260	  	 	2.000	  	  	 	97.5X	  
	 Gasification Performance Improvement
	  	 	4501258882	  	  	System 2/19 4”x8” thin modular sign	  	0365	  	5110772280	  	 	26.000	  	  	 	1,634.8X	  
	 Gasification Performance Improvement
	  	 	4501258954	  	  	Diverter Valve	  	0399	  	5111630548	  	 	2.000	  	  	 	146,840.XX	  
	 Gasification Performance Improvement
	  	 	4501258954	  	  	Estimated Freight	  	0399	  	5111641074	  	 	1.000	  	  	 	5,000.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Add Flanges	  	0399	  	5111860075	  	 	1.000	  	  	 	1,715.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Add Lifting Holes	  	0399	  	5111860075	  	 	1.000	  	  	 	1,086.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Add Lifting Plates	  	0399	  	5111860075	  	 	1.000	  	  	 	1,350.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Add Pads	  	0399	  	5111860075	  	 	1.000	  	  	 	l,270.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Add Plates and Door	  	0399	  	5111860075	  	 	1.000	  	  	 	3,772.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Estimated Freight	  	0399	  	5111769871	  	 	1.000	  	  	 	14,900.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Estimated Freight Adjustment	  	0399	  	5111769871	  	 	1.000	  	  	 	7,229.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Feed Chute	  	0399	  	5111769872	  	 	2.000	  	  	 	23,450.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Lower Concrete Sump	  	0399	  	5111769872	  	 	1.000	  	  	 	12,060.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Pipe & Flange Changes	  	0399	  	5111860075	  	 	1.000	  	  	 	4,338.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Plug Holes	  	0399	  	5111860075	  	 	4.000	  	  	 	6,592.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Re-designed Tower Platform	  	0399	  	5111769872	  	 	1.000	  	  	 	89,565.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Relocate covers	  	0399	  	5111860075	  	 	1.000	  	  	 	2,004.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Relocate Door	  	0399	  	5111860075	  	 	1.000	  	  	 	1,578.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Revise Rain Cover	  	0399	  	5111860075	  	 	1.000	  	  	 	5,811.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Submerged Chain Conveyor	  	0399	  	5111820330	  	 	1.000	  	  	 	928,500.XX	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Surface Preparation	  	0399	  	5111769872	  	 	1.000	  	  	 	5,500.0X	  
	 Gasification Performance Improvement
	  	 	4501258980	  	  	Tail Pulley Take-Up	  	0399	  	5111769872	  	 	1.000	  	  	 	7,950.0X	  
	 Gasification Performance improvement
	  	 	4501308388	  	  	Footwear Brush	  	0399	  	5110875285	  	 	1.000	  	  	 	84.94	  
	 Gasification Performance Improvement
	  	 	4501312974	  	  	12 Stage 4x6 Pumps	  	0368	  	5111746300	  	 	1.000	  	  	 	1,918,845.XX	  
	 Gasification Performance improvement
	  	 	4501312974	  	  	Lube System	  	0368	  	5113052193	  	 	1.000	  	  	 	120,387.XX	  
	 Gasification Performance Improvement
	  	 	4501312974	  	  	Price Adders	  	0368	  	5113134928	  	 	1.000	  	  	 	152,510.XX	  

 Schedule 2.2(f) – Page 19 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501315167	  	  	Estimated Freight	  	0395	  	5112488124	  	 	1.000	  	  	 	4,000.0X	  
	 Gasification Performance Improvement
	  	 	4501315167	  	  	Scrubber Bottom Cones	  	0395	  	5111170451	  	 	1.000	  	  	 	369,060.0X	  
	 Gasification Performance Improvement
	  	 	4501315248	  	  	BlackWater Handling Sys	  	0399	  	5111373329	  	 	1.000	  	  	 	2,300,061.0X	  
	 Gasification Performance Improvement
	  	 	4501315248	  	  	Change Notice: WesTech PO 4501315248	  	0399	  	5112832378	  	 	1.000	  	  	 	32,940.4X	  
	 Gasification Performance Improvement
	  	 	4501315248	  	  	Change Notice: WesTech PO#4501315248	  	0399	  	5112256466	  	 	5.000	  	  	 	172,163.0X	  
	 Gasification Performance Improvement
	  	 	4501315248	  	  	Change Notice: WesTech PO#4501315248	  	0399	  	5112832378	  	 	1.000	  	  	 	33,161.5X	  
	 Gasification Performance Improvement
	  	 	4501319183	  	  	Add Relays	  	0345	  	5111773695	  	 	1.000	  	  	 	1,830.0X	  
	 Gasification Performance Improvement
	  	 	4501319183	  	  	Hydro Test Valve	  	0345	  	5111857104	  	 	1.000	  	  	 	2,145.0X	  
	 Gasification Performance Improvement
	  	 	4501319183	  	  	Plate & Frame Exchangers	  	0345	  	5111270922	  	 	1.000	  	  	 	340,011.0X	  
	 Gasification Performance Improvement
	  	 	4501319183	  	  	Upgrade to Stainless	  	0345	  	5111773695	  	 	1.000	  	  	 	3,631.0X	  
	 Gasification Performance Improvement
	  	 	4501321982	  	  	Book Case # 4KJ43	  	0365	  	5111022403	  	 	1.000	  	  	 	167.2X	  
	 Gasification Performance Improvement
	  	 	4501321982	  	  	Bulletin Board #2CY97	  	0365	  	5110980247	  	 	1.000	  	  	 	124.5X	  
	 Gasification Performance Improvement
	  	 	4501321982	  	  	File Cabinets#1KE52	  	0365	  	5111022405	  	 	2.000	  	  	 	420.0X	  
	 Gasification Performance Improvement
	  	 	4501321982	  	  	File Cabinets#1PX81	  	0365	  	5110981703	  	 	1.000	  	  	 	140.0X	  
	 Gasification Performance Improvement
	  	 	4501321982	  	  	Footwear Brush	  	0365	  	5111022331	  	 	1.000	  	  	 	70.25	  
	 Gasification Performance Improvement
	  	 	4501331061	  	  	Grey Water Storage Tank	  	0375	  	5111116746	  	 	1.000	  	  	 	445,250.0X	  
	 Gasification Performance Improvement
	  	 	4501334430	  	  	Estimated Freight	  	0345	  	5112768152	  	 	1.000	  	  	 	58,000.0X	  
	 Gasification Performance Improvement
	  	 	4501334430	  	  	Increase Service Severity	  	0345	  	5112702569	  	 	6.000	  	  	 	17,020.0X	  
	 Gasification Performance Improvement
	  	 	4501334430	  	  	Ohmstedt - Additional Fabrication	  	0345	  	5112703038	  	 	1.000	  	  	 	1,270.0X	  
	 Gasification Performance Improvement
	  	 	4501334430	  	  	Shell & Tube Exchangers	  	0345	  	5111667570	  	 	1.000	  	  	 	2,490,260.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Estimated Freight	  	0345	  	5112113966	  	 	1.000	  	  	 	76,000.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Head w/Support	  	0345	  	5112113966	  	 	1.000	  	  	 	19,200.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Modifications	  	0345	  	5112113966	  	 	1.000	  	  	 	7,400.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Price Adder to add a 1” RFLWN	  	0345	  	5112113966	  	 	1.000	  	  	 	1,100.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Price Adder to Increase PSV from 6” to 8	  	0345	  	5112113966	  	 	1.000	  	  	 	900.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Shell & Tube Exchangers	  	0345	  	5111129266	  	 	1.000	  	  	 	2,199,200.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Spare Gaskets	  	0345	  	5112113966	  	 	1.000	  	  	 	36,800.0X	  
	 Gasification Performance Improvement
	  	 	4501335012	  	  	Support	  	0345	  	5112113966	  	 	5.000	  	  	 	25,200.0X	  
	 Gasification Performance Improvement
	  	 	4501342171	  	  	Black File Cabinet 4KJ30	  	0365	  	5111116797	  	 	1.000	  	  	 	128.2X	  
	 Gasification Performance Improvement
	  	 	4501342171	  	  	Black File Cabinet 4KJ42	  	0365	  	5111116797	  	 	1.000	  	  	 	209.7X	  
	 Gasification Performance Improvement
	  	 	4501342171	  	  	Lock Kits 4KJ94	  	0365	  	5111116797	  	 	3.000	  	  	 	31.71	  

 Schedule 2.2(f) – Page 20 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501346171	  	  	Structural Steel Per Quote	  	0330	  	5111370376	  	 	1.000	  	  	 	127,340.X	  
	 Gasification Performance Improvement
	  	 	4501350220	  	  	Filing Cabinet	  	0399	  	5111134941	  	 	1.000	  	  	 	244.5X	  
	 Gasification Performance Improvement
	  	 	4501360289	  	  	Ejector	  	0158	  	5111382729	  	 	1.000	  	  	 	10,420.0X	  
	 Gasification Performance Improvement
	  	 	4501360289	  	  	Freight	  	0158	  	5111382729	  	 	1.000	  	  	 	290.0X	  
	 Gasification Performance Improvement
	  	 	4501367813	  	  	30” 90deg Elbow	  	0158	  	5111354962	  	 	5.000	  	  	 	11,500.0X	  
	 Gasification Performance Improvement
	  	 	4501367813	  	  	30” Double Random Length Pipe	  	0158	  	5111354962	  	 	239.600	  	  	 	32,346.0X	  
	 Gasification Performance Improvement
	  	 	4501367813	  	  	30” Flange	  	0158	  	5111354962	  	 	2.000	  	  	 	2,218.0X	  
	 Gasification Performance Improvement
	  	 	4501367813	  	  	30” Single Random Length Pipe	  	0158	  	5111354962	  	 	19.900	  	  	 	2,686.5X	  
	 Gasification Performance Improvement
	  	 	4501367813	  	  	Painting	  	0158	  	5111353705	  	 	1.000	  	  	 	5,300.0X	  
	 Gasification Performance Improvement
	  	 	4501371847	  	  	File Cabinet Item 4956T2	  	0399	  	5111187469	  	 	1.000	  	  	 	268.0X	  
	 Gasification Performance Improvement
	  	 	4501371899	  	  	Valve	  	0188	  	5111242743	  	 	4.000	  	  	 	21,175.0X	  
	 Gasification Performance Improvement
	  	 	4501372224	  	  	Alloy Analyzer	  	0267	  	5111255176	  	 	1.000	  	  	 	28,450.0X	  
	 Gasification Performance Improvement
	  	 	4501372224	  	  	Lead Paint Analysis Package	  	0267	  	5111255176	  	 	1.000	  	  	 	2,500.0X	  
	 Gasification Performance Improvement
	  	 	4501372224	  	  	Shipping	  	0267	  	5111255176	  	 	1.000	  	  	 	125.0X	  
	 Gasification Performance Improvement
	  	 	4501378177	  	  	Electrical Power Equip	  	0230	  	5111286577	  	 	1.000	  	  	 	2,281,187.X	  
	 Gasification Performance Improvement
	  	 	4501378177	  	  	Estimated Freight	  	0230	  	5112787448	  	 	1.000	  	  	 	50,000.0X	  
	 Gasification Performance Improvement
	  	 	4501378177	  	  	Rumsey Electric - Additional Work	  	0230	  	5112764281	  	 	1.000	  	  	 	68,379.0X	  
	 Gasification Performance Improvement
	  	 	4501383616	  	  	Cabinet 7D907	  	0399	  	5111263728	  	 	1.000	  	  	 	381.7X	  
	 Gasification Performance Improvement
	  	 	4501388659	  	  	Additional Freight Cost	  	0368	  	5112030134	  	 	1.000	  	  	 	444.1X	  
	 Gasification Performance Improvement
	  	 	4501388659	  	  	Estimated Freight	  	0368	  	5112030134	  	 	1.000	  	  	 	397.0X	  
	 Gasification Performance Improvement
	  	 	4501388659	  	  	Recycle Cond Pumps	  	0368	  	5112030134	  	 	1.000	  	  	 	69,920.0X	  
	 Gasification Performance Improvement
	  	 	4501391633	  	  	Expedite Delivery	  	0368	  	5111718711	  	 	1.000	  	  	 	9,500.0X	  
	 Gasification Performance Improvement
	  	 	4501391633	  	  	Freight	  	0368	  	5111718711	  	 	1.000	  	  	 	1,500.0X	  
	 Gasification Performance Improvement
	  	 	4501391633	  	  	Pumps	  	0368	  	5111450877	  	 	1.000	  	  	 	159,960.X	  
	 Gasification Performance Improvement
	  	 	4501391633	  	  	Spare Parts	  	0368	  	5111718711	  	 	1.000	  	  	 	7,297.0X	  
	 Gasification Performance Improvement
	  	 	4501392353	  	  	Flash Drums	  	0399	  	5111592774	  	 	1.000	  	  	 	2,826,222.X	  
	 Gasification Performance Improvement
	  	 	4501392353	  	  	Freight	  	0399	  	5113010100	  	 	6.000	  	  	 	57,000.0X	  
	 Gasification Performance Improvement
	  	 	4501392353	  	  	Plant Maint. - Freight	  	0399	  	5113010100	  	 	1.000	  	  	 	3,941.7X	  
	 Gasification Performance Improvement
	  	 	4501392353	  	  	Plant Maintenance Serv. - PWHT	  	0399	  	5112775331	  	 	2.000	  	  	 	19,940.0X	  
	 Gasification Performance Improvement
	  	 	4501392353	  	  	Plant Mtn Service FCO 63	  	0399	  	5112593608	  	 	1.000	  	  	 	66,442.0X	  
	 Gasification Performance Improvement
	  	 	4501392353	  	  	Plant Mtn. Service - FCO-64	  	0399	  	5112593608	  	 	1.000	  	  	 	136,012.X	  

 Schedule 2.2(f) – Page 21 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	4501392353	  	Plant Mtn. Service - FCO-65	  	0399	  	5112593608	  	 	1.000	  	  	 	15,548.0X	  
	 Gasification Performance Improvement
	  	4501402684	  	Chngs to PO # 4501402684	  	0395	  	5112684588	  	 	1.000	  	  	 	13,382.0X	  
	 Gasification Performance Improvement
	  	4501402684	  	General Welding - Freight 2nd Reactor	  	0395	  	5112698480	  	 	1.000	  	  	 	121,269.0X	  
	 Gasification Performance Improvement
	  	4501402684	  	General Welding - Freight Charge FCO 62s	  	0395	  	5112520636	  	 	1.000	  	  	 	121,269.0X	  
	 Gasification Performance Improvement
	  	4501402684	  	Reactors & Pots	  	0395	  	5111959589	  	 	4.000	  	  	 	1,891,876.0X	  
	 Gasification Performance Improvement
	  	4501403802	  	Additional steel and freight costs	  	0330	  	5111850398	  	 	2.000	  	  	 	98,843.9X	  
	 Gasification Performance Improvement
	  	4501403802	  	Engineering Seal	  	0330	  	5111583553	  	 	1.000	  	  	 	40,000.0X	  
	 Gasification Performance Improvement
	  	4501403802	  	Freight	  	0330	  	5111668388	  	 	12.000	  	  	 	64,800.0X	  
	 Gasification Performance Improvement
	  	4501403802	  	Structural Steel	  	0330	  	5111583556	  	 	18.000	  	  	 	887,900.0X	  
	 Gasification Performance Improvement
	  	4501407341	  	Freight	  	0368	  	5112528778	  	 	1.000	  	  	 	350.0X	  
	 Gasification Performance Improvement
	  	4501407341	  	Motor	  	0368	  	5112528778	  	 	1.000	  	  	 	2,505.0X	  
	 Gasification Performance Improvement
	  	4501407341	  	Pump	  	0368	  	5112528778	  	 	1.000	  	  	 	28,387.0X	  
	 Gasification Performance Improvement
	  	4501413884	  	Ball Valve	  	0188	  	5111449286	  	 	87.000	  	  	 	17,078.9X	  
	 Gasification Performance Improvement
	  	4501413884	  	Connector	  	0158	  	5111449286	  	 	21.000	  	  	 	353.4X	  
	 Gasification Performance Improvement
	  	4501413884	  	Connector	  	0158	  	5111487743	  	 	72.000	  	  	 	926.6X	  
	 Gasification Performance Improvement
	  	4501413884	  	Fitting	  	0158	  	5111449286	  	 	16.000	  	  	 	418.8X	  
	 Gasification Performance Improvement
	  	4501413884	  	Plug	  	0158	  	5111449286	  	 	21.000	  	  	 	168.6X	  
	 Gasification Performance Improvement
	  	4501413884	  	Reducer	  	0158	  	5111459297	  	 	21.000	  	  	 	339.5X	  
	 Gasification Performance Improvement
	  	4501413884	  	Reducer	  	0158	  	5111468905	  	 	66.000	  	  	 	660.6X	  
	 Gasification Performance Improvement
	  	4501413884	  	Union Tee	  	0158	  	5111449286	  	 	66.000	  	  	 	1,909.3X	  
	 Gasification Performance Improvement
	  	4501415268	  	Valve	  	0188	  	5111471661	  	 	1.000	  	  	 	405.9X	  
	 Gasification Performance Improvement
	  	4501416146	  	Valve	  	0185	  	5111496060	  	 	2.000	  	  	 	3,440.0X	  
	 Gasification Performance Improvement
	  	4501416212	  	Manifold	  	0188	  	5111533212	  	 	40.000	  	  	 	12,420.0X	  
	 Gasification Performance Improvement
	  	4501416658	  	Ladders/Handrails	  	0330	  	5112049221	  	 	1.000	  	  	 	6,275.0X	  
	 Gasification Performance Improvement
	  	4501416658	  	Structural Steel	  	0330	  	5111927977	  	 	22.000	  	  	 	179,525.0X	  
	 Gasification Performance Improvement
	  	4501418282	  	Clamp	  	0220	  	5111485241	  	 	6.000	  	  	 	1,656.0X	  
	 Gasification Performance Improvement
	  	4501418282	  	Enclosure	  	0220	  	5111485241	  	 	7.000	  	  	 	12,696.0X	  
	 Gasification Performance Improvement
	  	4501418282	  	Kit	  	0220	  	5111485241	  	 	11.000	  	  	 	822.8X	  
	 Gasification Performance Improvement
	  	4501418282	  	Seal Boot	  	0220	  	5111485241	  	 	11.000	  	  	 	403.7X	  
	 Gasification Performance Improvement
	  	4501418282	  	Stand	  	0220	  	5111485241	  	 	7.000	  	  	 	917.0X	  
	 Gasification Performance Improvement
	  	4501418282	  	Topworks	  	0220	  	5111485241	  	 	6.000	  	  	 	1,784.0X	  

 Schedule 2.2(f) – Page 22 

																	
	AFE Description	  	Purch.Doc.	  	Item description	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	4501421461	  	Boronized Pipe	  	0158	  	5112329828	  	 	3.000	  	  	 	444,943.0X	  
	 Gasification Performance Improvement
	  	4501421461	  	Boronized Pipe Add’l Costs	  	0158	  	5112345080	  	 	1.000	  	  	 	113,542.0X	  
	 Gasification Performance Improvement
	  	4501421461	  	Freight	  	0158	  	5112345080	  	 	1.000	  	  	 	30,800.0X	  
	 Gasification Performance Improvement
	  	4501422135	  	Pump Parts	  	0368	  	5112407290	  	 	2.000	  	  	 	146,915.0X	  
	 Gasification Performance Improvement
	  	4501422759	  	Calibration Station	  	0162	  	5111592411	  	 	4.000	  	  	 	3,180.0X	  
	 Gasification Performance Improvement
	  	4501422759	  	Calibration Station w/Printer	  	0162	  	5111592411	  	 	12.000	  	  	 	13,140.0X	  
	 Gasification Performance Improvement
	  	4501422759	  	Cylinder	  	0162	  	5111592411	  	 	4.000	  	  	 	632.0X	  
	 Gasification Performance Improvement
	  	4501422759	  	GasBadge Plus	  	0162	  	5111592411	  	 	60.000	  	  	 	11,700.0X	  
	 Gasification Performance Improvement
	  	4501422759	  	Holder	  	0162	  	5111592411	  	 	4.000	  	  	 	180.0X	  
	 Gasification Performance Improvement
	  	4501422759	  	Regulator	  	0162	  	5111592411	  	 	4.000	  	  	 	1,360.0X	  
	 Gasification Performance Improvement
	  	4501422760	  	Sump Pump	  	0368	  	5111593322	  	 	2.000	  	  	 	11,320.0X	  
	 Gasification Performance Improvement
	  	4501422760	  	Switch	  	0368	  	5111593322	  	 	6.000	  	  	 	189.6X	  
	 Gasification Performance Improvement
	  	4501422774	  	Mist Eliminator .	  	0395	  	5111763656	  	 	4.000	  	  	 	59,818.0X	  
	 Gasification Performance Improvement
	  	4501423947	  	Hammco Air Coolers - Freight-.	  	0345	  	5112702914	  	 	1.000	  	  	 	12,500.0X	  
	 Gasification Performance Improvement
	  	4501423947	  	Heat Exchangers	  	0345	  	5112664330	  	 	4.000	  	  	 	568,183.0X	  
	 Gasification Performance Improvement
	  	4501428909	  	GASKET,SW,24”,150#,316/GRAF,316lR	  	0125	  	5111484160	  	 	1.000	  	  	 	113.0X	  
	 Gasification Performance Improvement
	  	4501432550	  	Ell	  	0158	  	5111829994	  	 	100.000	  	  	 	10,414.1X	  
	 Gasification Performance Improvement
	  	4501432550	  	Flange	  	0158	  	5111829994	  	 	65.000	  	  	 	2,676.30	  
	 Gasification Performance Improvement
	  	4501432550	  	Pipe	  	0158	  	5111538779	  	 	120.000	  	  	 	1,920.0X	  
	 Gasification Performance Improvement
	  	4501432550	  	Pipe	  	0158	  	5111829994	  	 	1,167.67	  	  	 	23,184.6X	  
	 Gasification Performance Improvement
	  	4501432550	  	Reducer	  	0158	  	5111829994	  	 	8.000	  	  	 	2,013.5X	  
	 Gasification Performance Improvement
	  	4501432550	  	Sandblast/Prime/Finish	  	0158	  	5111829994	  	 	1.000	  	  	 	10,000.0X	  
	 Gasification Performance Improvement
	  	4501432550	  	Tee	  	0158	  	5111829994	  	 	11.000	  	  	 	725.2X	  
	 Gasification Performance Improvement
	  	4501432550	  	Valve	  	0158	  	5111538780	  	 	16.000	  	  	 	1,958.8X	  
	 Gasification Performance Improvement
	  	4501432550	  	Valve	  	0158	  	5111829989	  	 	3.000	  	  	 	2,100.0X	  
	 Gasification Performance Improvement
	  	4501432550	  	Valve	  	0158	  	5111998109	  	 	2.000	  	  	 	265.8X	  
	 Gasification Performance Improvement
	  	4501440412	  	Printer, Multicolor 3MU69	  	0365	  	5111561106	  	 	1.000	  	  	 	3,250.0X	  
	 Gasification Performance Improvement
	  	4501440412	  	Ribbon 3MU63	  	0420	  	5111561106	  	 	1.000	  	  	 	79.14	  
	 Gasification Performance Improvement
	  	4501440412	  	Ribbon, Black 3MU42	  	0420	  	5111561106	  	 	1.000	  	  	 	79.14	  
	 Gasification Performance Improvement
	  	4501440412	  	Ribbon, Black/Red 3MU54	  	0420	  	5111561106	  	 	1.000	  	  	 	79.14	  
	 Gasification Performance Improvement
	  	4501440412	  	Tape, White 0.5 inch 3PU33	  	0420	  	5111561106	  	 	1.000	  	  	 	48.00	  

 Schedule 2.2(f) – Page 23 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501440412	  	  	Tape, White 1.25 inch 3PU32	  	0420	  	5111561106	  	 	1.000	  	  	 	75.0X	  
	 Gasification Performance Improvement
	  	 	4501440412	  	  	Tape, White 2.25 inch 3PU31	  	0420	  	5111561106	  	 	1.000	  	  	 	120.0X	  
	 Gasification Performance Improvement
	  	 	4501440412	  	  	Tape, White 4 inch 3PU29	  	0420	  	5111561106	  	 	1.000	  	  	 	180.0X	  
	 Gasification Performance Improvement
	  	 	4501440412	  	  	Tape, Yellow     3PU34	  	0420	  	5111561106	  	 	1.000	  	  	 	213.5X	  
	 Gasification Performance Improvement
	  	 	4501440412	  	  	Tape, Yellow     3PU36	  	0420	  	5111561106	  	 	1.000	  	  	 	141.7X	  
	 Gasification Performance Improvement
	  	 	4501444135	  	  	Changes & Additions	  	0310	  	5112827747	  	 	1.000	  	  	 	21,927.0X	  
	 Gasification Performance Improvement
	  	 	4501444135	  	  	Estimated Freight	  	0310	  	5112827747	  	 	1.000	  	  	 	1,388.0X	  
	 Gasification Performance Improvement
	  	 	4501444135	  	  	Start Up Blower Package	  	0310	  	5112827747	  	 	3.000	  	  	 	443,863.0X	  
	 Gasification Performance Improvement
	  	 	4501448446	  	  	Valve	  	0185	  	5111649195	  	 	6.000	  	  	 	46,200.0X	  
	 Gasification Performance Improvement
	  	 	4501448446	  	  	Valve	  	0185	  	5111748876	  	 	8.000	  	  	 	54,200.0X	  
	 Gasification Performance Improvement
	  	 	4501449462	  	  	Valve	  	0188	  	5111627910	  	 	8.000	  	  	 	7,960.0X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Assembly	  	0270	  	5112620010	  	 	2.000	  	  	 	167.9X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Cable	  	0270	  	5112620010	  	 	17.000	  	  	 	992.1X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Channel	  	0270	  	5112620010	  	 	16.000	  	  	 	12,985.0X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Communication Module	  	0270	  	5112620010	  	 	2.000	  	  	 	2,232.0X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Enclosure	  	0270	  	5112620010	  	 	2.000	  	  	 	8,659.1X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	HUB	  	0270	  	5112620010	  	 	2.000	  	  	 	4,485.0X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Startup Services	  	0270	  	5112620010	  	 	2.000	  	  	 	2,736.0X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Tee	  	0270	  	5112620010	  	 	2.000	  	  	 	49.24	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Termination Assembly	  	0270	  	5112620010	  	 	14.000	  	  	 	1,854.3X	  
	 Gasification Performance Improvement
	  	 	4501454610	  	  	Terminator	  	0270	  	5112620010	  	 	4.000	  	  	 	66.54	  
	 Gasification Performance Improvement
	  	 	4501454688	  	  	Cable	  	0270	  	5111669602	  	 	50.000	  	  	 	200.0X	  
	 Gasification Performance Improvement
	  	 	4501454688	  	  	Documentation	  	0270	  	5111684660	  	 	1.000	  	  	 	200.0X	  
	 Gasification Performance Improvement
	  	 	4501454688	  	  	Flowtube	  	0270	  	5111669602	  	 	2.000	  	  	 	3,805.2X	  
	 Gasification Performance Improvement
	  	 	4501454688	  	  	Literature	  	0270	  	5111669602	  	 	2.000	  	  	 	0.02	  
	 Gasification Performance Improvement
	  	 	4501454688	  	  	Transmitter	  	0270	  	5111669602	  	 	2.000	  	  	 	2,827.6X	  
	 Gasification Performance Improvement
	  	 	4501459693	  	  	Freight	  	0345	  	5112593467	  	 	1.000	  	  	 	7,800.0X	  
	 Gasification Performance Improvement
	  	 	4501459693	  	  	Heat Exchangers	  	0345	  	5112593455	  	 	4.000	  	  	 	338,240.0X	  
	 Gasification Performance Improvement
	  	 	4501466616	  	  	Change to 60HP Motors	  	0368	  	5112224636	  	 	4.000	  	  	 	5,624.0X	  
	 Gasification Performance Improvement
	  	 	4501466616	  	  	Coupling Thomas Series 71	  	0368	  	5112224636	  	 	4.000	  	  	 	3,944.0X	  
	 Gasification Performance Improvement
	  	 	4501466616	  	  	Freight	  	0368	  	5112224636	  	 	1.000	  	  	 	2,500.0X	  

 Schedule 2.2(f) – Page 24 

																			
	AFE Description	  	Purch.Doc.	 	  	Item description	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501466616	  	  	Pump	  	0368	  	5112224636	  	 	5.000	  	  	 	165,492.0X	  
	 Gasification Performance Improvement
	  	 	4501466616	  	  	Spares	  	0368	  	5112224636	  	 	1.000	  	  	 	17,906.0X	  
	 Gasification Performance Improvement
	  	 	4501467086	  	  	Pump Cans	  	0399	  	5111862395	  	 	4.000	  	  	 	49,796.00	  
	 Gasification Performance Improvement
	  	 	4501467086	  	  	Radiograph	  	0399	  	5111862395	  	 	4.000	  	  	 	520.0X	  
	 Gasification Performance Improvement
	  	 	4501467997	  	  	Smith Instrument - Subpanels	  	0220	  	5111722475	  	 	2.000	  	  	 	10,935.0X	  
	 Gasification Performance Improvement
	  	 	4501469169	  	  	Valves	  	0188	  	5111775049	  	 	4.000	  	  	 	31,672.0X	  
	 Gasification Performance Improvement
	  	 	4501469857	  	  	Instrument	  	0220	  	5111751515	  	 	6.000	  	  	 	2,689.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Calibrator	  	0220	  	5111860657	  	 	1.000	  	  	 	280.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Documentation	  	0220	  	5111860657	  	 	1.000	  	  	 	200.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Horn	  	0220	  	5111860657	  	 	4.000	  	  	 	5,464.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Kit	  	0220	  	5111860657	  	 	1.000	  	  	 	736.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Monitor	  	0220	  	5111860657	  	 	3.000	  	  	 	7,096.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Monitor	  	0220	  	5111926181	  	 	3.000	  	  	 	6,884.0X	  
	 Gasification Performance Improvement
	  	 	4501470556	  	  	Strobe	  	0220	  	5111860657	  	 	4.000	  	  	 	1,856.0X	  
	 Gasification Performance Improvement
	  	 	4501473116	  	  	Freight	  	0155	  	5111860657	  	 	1.000	  	  	 	5,000.0X	  
	 Gasification Performance Improvement
	  	 	4501473116	  	  	Pipe	  	0155	  	5111917952	  	 	162.080	  	  	 	37,116.3X	  
	 Gasification Performance Improvement
	  	 	4501481865	  	  	ANVIL 98 HGR TYPE C SIZE 16 PER SPEC	  	0175	  	5111942438	  	 	2.000	  	  	 	4,088.0X	  
	 Gasification Performance Improvement
	  	 	4501488117	  	  	Change Notice: HOA and High Temp Switch	  	0368	  	5112606276	  	 	1.000	  	  	 	2,440.0X	  
	 Gasification Performance Improvement
	  	 	4501488117	  	  	Filter Sump Pump	  	0368	  	5112351718	  	 	1.000	  	  	 	89,955.0X	  
	 Gasification Performance Improvement
	  	 	4501488117	  	  	Freight	  	0368	  	5112351718	  	 	1.000	  	  	 	500.0X	  
	 Gasification Performance Improvement
	  	 	4501488117	  	  	Price Escalation	  	0368	  	5112351718	  	 	1.000	  	  	 	2,305.0X	  
	 Gasification Performance Improvement
	  	 	4501488117	  	  	Spare Parts	  	0368	  	5112351718	  	 	1.000	  	  	 	14,750.0X	  
	 Gasification Performance Improvement
	  	 	4501488321	  	  	EJCON MODEL RTI-600	  	0158	  	5111927321	  	 	4.000	  	  	 	5,059.4X	  
	 Gasification Performance Improvement
	  	 	4501494212	  	  	Cabinet	  	0399	  	5111834674	  	 	1.000	  	  	 	281.1X	  
	 Gasification Performance Improvement
	  	 	4501494212	  	  	Can Opener	  	0399	  	5111834674	  	 	2.000	  	  	 	13.80	  
	 Gasification Performance Improvement
	  	 	4501494212	  	  	Cart	  	0399	  	5111834674	  	 	1.000	  	  	 	218.0X	  
	 Gasification Performance Improvement
	  	 	4501497120	  	  	Grey Water Startup Pumps	  	0368	  	5113125153	  	 	2.000	  	  	 	83,752.0X	  
	 Gasification Performance Improvement
	  	 	4501498856	  	  	Freight	  	0368	  	5112343980	  	 	1.000	  	  	 	325.0X	  
	 Gasification Performance Improvement
	  	 	4501498856	  	  	Injection System	  	0368	  	5112256608	  	 	2.000	  	  	 	66,080.0X	  
	 Gasification Performance Improvement
	  	 	4501501235	  	  	Fortress- Boot Frames	  	0330	  	5112005239	  	 	1.000	  	  	 	1,320.0X	  
	 Gasification Performance Improvement
	  	 	4501510968	  	  	Cable	  	0270	  	5111934182	  	 	1.000	  	  	 	94.88	  

 Schedule 2.2(f) – Page 25 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501515047	  	  	Valve	  	0185	  	5113021121	  	 	29.000	  	  	 	42,840.0X	  
	 Gasification Performance Improvement
	  	 	4501516605	  	  	Bolts	  	0115	  	5111964196	  	 	250.000	  	  	 	265.0X	  
	 Gasification Performance Improvement
	  	 	4501519103	  	  	Fuse	  	0220	  	5112052774	  	 	100.000	  	  	 	30.0X	  
	 Gasification Performance Improvement
	  	 	4501519103	  	  	Power Supply	  	0220	  	5112052774	  	 	4.000	  	  	 	2,416.8X	  
	 Gasification Performance Improvement
	  	 	4501519103	  	  	Terminal Block	  	0220	  	5112052774	  	 	266.000	  	  	 	1,699.9X	  
	 Gasification Performance Improvement
	  	 	4501525184	  	  	Liquid Ring Vacuum Pumps - Nash	  	0368	  	5112787883	  	 	3.000	  	  	 	162,834.XX	  
	 Gasification Performance Improvement
	  	 	4501527217	  	  	1/2 MUELLER #582 SW CARBON	  	0175	  	5112001761	  	 	2.000	  	  	 	92.12	  
	 Gasification Performance Improvement
	  	 	4501527219	  	  	I F%26P SIGHT FLOW INDICATOR W/PROPELLER	  	0175	  	5112106788	  	 	2.000	  	  	 	1,004.9X	  
	 Gasification Performance Improvement
	  	 	4501527219	  	  	1/2 AIR VENT # TT-F-1	  	0175	  	5112018892	  	 	2.000	  	  	 	510.4X	  
	 Gasification Performance Improvement
	  	 	4501532454	  	  	Pads	  	0158	  	5112142269	  	 	16.000	  	  	 	1,568.0X	  
	 Gasification Performance Improvement
	  	 	4501537741	  	  	Freight	  	0230	  	5112221580	  	 	1.000	  	  	 	100.0X	  
	 Gasification Performance Improvement
	  	 	4501537741	  	  	Panel	  	0230	  	5112221580	  	 	1.000	  	  	 	8,456.0X	  
	 Gasification Performance Improvement
	  	 	4501540561	  	  	1/2 MUELLER #582 SW CARBON	  	0175	  	5112036804	  	 	4.000	  	  	 	184.2X	  
	 Gasification Performance Improvement
	  	 	4501540561	  	  	1/2 MUELLER 862BC 1/16 PERF	  	0175	  	5112120064	  	 	3.000	  	  	 	613.6X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	2 FCM Slots	  	0220	  	5112311668	  	 	4.000	  	  	 	829.8X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	24 SFP Port Uplink Switch	  	0220	  	5112311668	  	 	2.000	  	  	 	16,402.6X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	8-Bay Power Supply Chassis	  	0220	  	5112311668	  	 	1.000	  	  	 	414,9X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Adv Upgrd Lic-Hist 4000	  	0220	  	5112311668	  	 	1.000	  	  	 	0.01	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Advantage Upgrade	  	0220	  	5112311668	  	 	8.000	  	  	 	0.08	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	AIM*Historian SW Lic	  	0220	  	5112311668	  	 	1.000	  	  	 	15,639.9X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Baseplate Bracket	  	0220	  	5112311668	  	 	10.000	  	  	 	759.0X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Cable Interface	  	0220	  	5112311668	  	 	5.000	  	  	 	396.1X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Client Pack	  	0220	  	5112311668	  	 	1.000	  	  	 	744.2X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Fault Tolerant Connector	  	0220	  	5112311668	  	 	8.000	  	  	 	508.4X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Fiber E’net Switch	  	0220	  	5112311668	  	 	2.000	  	  	 	7,577.1X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Fiber Optic Jumper Cable	  	0220	  	5112311668	  	 	32.000	  	  	 	1,819.5X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Fiber Splitter / Combiner	  	0220	  	5112311668	  	 	16.000	  	  	 	5,107.0X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Field Comm Mod w/Fiber Optic	  	0220	  	5112137306	  	 	12.000	  	  	 	24,373.8X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	I/A Series Function Block SW Lic	  	0220	  	5112311668	  	 	4.000	  	  	 	56,620.5X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Media Kit	  	0220	  	5112311668	  	 	2.000	  	  	 	345.6X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	MGBIC w/l000Base-SX Port	  	0220	  	5112311668	  	 	24.000	  	  	 	16,064.4X	  

 Schedule 2.2(f) – Page 26 

																			
	 AFE Description
	  	Purch.Doc.	 	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	 	4501543346	  	  	MIW Bay Kit	  	0220	  	5112311668	  	 	3.000	  	  	 	422.3X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Mtg Kit	  	0220	  	5112311668	  	 	3.000	  	  	 	4,691.9X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	MT-RJ To LC Adapter Cable	  	0220	  	5112311668	  	 	16.000	  	  	 	960.6X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Output Cable	  	0220	  	5112311668	  	 	24.000	  	  	 	992.3X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Power Cable	  	0220	  	5112311668	  	 	4.000	  	  	 	106.4X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Power Connection Kit	  	0220	  	5112311668	  	 	4.000	  	  	 	177.4X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Power Supply	  	0220	  	5112311668	  	 	4.000	  	  	 	1,781.4X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Redundant Pwr Supply	  	0220	  	5112311668	  	 	4.000	  	  	 	2,502.0X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Shelf	  	0220	  	5112311668	  	 	2.000	  	  	 	480.3X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Splitter/Terminator	  	0220	  	5112311668	  	 	4.000	  	  	 	284.3X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Termination Cable Assembly	  	0220	  	5112311668	  	 	8.000	  	  	 	1,070.5X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Two-Bay Power Supply Chassis	  	0220	  	5112311668	  	 	1.000	  	  	 	157.8X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Windows Workstation SW Lic	  	0220	  	5112311668	  	 	5.000	  	  	 	39,369.8X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Windows Workstation	  	0220	  	5112311668	  	 	1.000	  	  	 	11,143.8X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Workstation For Windows	  	0220	  	5112311668	  	 	5.000	  	  	 	12,512.7X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	Workstation Server	  	0220	  	5112311668	  	 	1.000	  	  	 	8,593.2X	  
	 Gasification Performance Improvement
	  	 	4501543346	  	  	ZCP270 Control Processor	  	0220	  	5112311668	  	 	8.000	  	  	 	27,992.4X	  
	 Gasification Performance Improvement
	  	 	4501545134	  	  	Switch	  	0220	  	5112311668	  	 	1.000	  	  	 	206.0X	  
	 Gasification Performance Improvement
	  	 	4501546088	  	  	6 STD BLIND WELD FLANGE	  	0155	  	5112066463	  	 	1.000	  	  	 	51.30	  
	 Gasification Performance Improvement
	  	 	4501546367	  	  	FLANGE,PIPE,6”,150#,RF,WN,SCH40,FS	  	0155	  	5112114072	  	 	2.000	  	  	 	60.60	  
	 Gasification Performance Improvement
	  	 	4501547504	  	  	6 STD WELD TEE	  	0155	  	5112106720	  	 	1.000	  	  	 	96.45	  
	 Gasification Performance Improvement
	  	 	4501547504	  	  	6 STD WN FLANGE	  	0155	  	5112106720	  	 	1.000	  	  	 	49.99	  
	 Gasification Performance Improvement
	  	 	4501549675	  	  	Cable	  	0210	  	5112121553	  	 	1.000	  	  	 	94.88	  
	 Gasification Performance Improvement
	  	 	4501551310	  	  	14” -150# Spacers	  	0155	  	5112122058	  	 	6.000	  	  	 	5,100.0X	  
	 Gasification Performance Improvement
	  	 	4501551364	  	  	12 CTRLINE LUG BFV BRZ DISC	  	0175	  	5112120145	  	 	2.000	  	  	 	922.7X	  
	 Gasification Performance Improvement
	  	 	4501551951	  	  	1 MUELLER #582 SW CARBON ST	  	0175	  	5112122187	  	 	1.000	  	  	 	81.64	  
	 Gasification Performance Improvement
	  	 	4501552696	  	  	Instrument Bracket	  	0267	  	5112130590	  	 	2.000	  	  	 	388.0X	  
	 Gasification Performance Improvement
	  	 	4501553502	  	  	2 BONNEY FORGE L1-13-RF 150# BODY: FORGE	  	0155	  	5112142622	  	 	1.000	  	  	 	646.7X	  
	 Gasification Performance Improvement
	  	 	4501553937	  	  	Orice Plate	  	0270	  	5112330361	  	 	1.000	  	  	 	194.9X	  
	 Gasification Performance Improvement
	  	 	4501553937	  	  	Oricife Plate	  	0270	  	5112330361	  	 	1.000	  	  	 	194.9X	  
	 Gasification Performance Improvement
	  	 	4501554283	  	  	Solenoid Valve	  	0299	  	5112221552	  	 	1.000	  	  	 	120.3X	  

 Schedule 2.2(f) – Page 27 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	4501554976	  	Valve	  	0185	  	5112157901	  	 	7.000	  	  	 	868.0X	  
	 Gasification Performance Improvement
	  	4501554976	  	Valve	  	0185	  	5112249466	  	 	25.000	  	  	 	5,875.0X	  
	 Gasification Performance Improvement
	  	4501555092	  	10 STD BLK SMLS A106B/A53B	  	0155	  	5112133527	  	 	20.700	  	  	 	1,653.3X	  
	 Gasification Performance Improvement
	  	4501555092	  	10 STD WELD 45 ELL	  	0155	  	5112133527	  	 	1.000	  	  	 	154.2X	  
	 Gasification Performance Improvement
	  	4501555092	  	10 STD WN FLANGE	  	0155	  	5112133527	  	 	1.000	  	  	 	121.1X	  
	 Gasification Performance Improvement
	  	4501555092	  	10X2 LATERALET STD A234 WPB	  	0175	  	5112137433	  	 	1.000	  	  	 	123.5X	  
	 Gasification Performance Improvement
	  	4501555092	  	10X4 LATERALET STD A234WPB	  	0175	  	5112137433	  	 	2.000	  	  	 	609.9X	  
	 Gasification Performance Improvement
	  	4501555092	  	12 STD BLIND WELD FLANGE	  	0155	  	5112133527	  	 	2.000	  	  	 	408.0X	  
	 Gasification Performance Improvement
	  	4501555092	  	12 STD WN FLANGE	  	0155	  	5112133527	  	 	2.000	  	  	 	358.4X	  
	 Gasification Performance Improvement
	  	4501555092	  	2 1500# RF BLIND FLG A105	  	0175	  	5112137495	  	 	1.000	  	  	 	113.5X	  
	 Gasification Performance Improvement
	  	4501555092	  	2 1500# SCH 160 WN FLG	  	0175	  	5112137495	  	 	2.000	  	  	 	187.7X	  
	 Gasification Performance Improvement
	  	4501555092	  	2 SCH 160 BW 45 ELBOW	  	0175	  	5112137495	  	 	1.000	  	  	 	121.5X	  
	 Gasification Performance Improvement
	  	4501555092	  	2 SCH160 BLK SMLS PIPE	  	0175	  	5112137466	  	 	21.000	  	  	 	419.7X	  
	 Gasification Performance Improvement
	  	4501555092	  	2 SCH160 BW 90 ELBOW	  	0175	  	5112137492	  	 	1.000	  	  	 	128.7X	  
	 Gasification Performance Improvement
	  	4501555092	  	2 VELAN 3054W-02TS WELDED BONNET	  	0175	  	5112137463	  	 	1.000	  	  	 	768.2X	  
	 Gasification Performance Improvement
	  	4501555092	  	24X12 WELD-O-LET	  	0155	  	5112133486	  	 	2.000	  	  	 	1,159.3X	  
	 Gasification Performance Improvement
	  	4501555092	  	3/4 VOGT# SS2801 MSWXFSW	  	0175	  	5112133483	  	 	1.000	  	  	 	81.32	  
	 Gasification Performance Improvement
	  	4501555092	  	36-1-1/2X3/4 SOC-O-LET	  	0155	  	5112133527	  	 	1.000	  	  	 	3.87	  
	 Gasification Performance Improvement
	  	4501555092	  	4 900# RF BLIND FLG A105	  	0175	  	5112137495	  	 	2.000	  	  	 	488.8X	  
	 Gasification Performance Improvement
	  	4501555092	  	4 900# S120 WN FLG	  	0175	  	5112150939	  	 	2.000	  	  	 	355.3X	  
	 Gasification Performance Improvement
	  	4501555092	  	4 BW VELAN#3054PO2TS 1500# SCH 120 BORE	  	0175	  	5112137463	  	 	2.000	  	  	 	10,823.0X	  
	 Gasification Performance Improvement
	  	4501555092	  	4 SCH 120 BLK SMLS PIPE SRL	  	0175	  	5112137466	  	 	22.000	  	  	 	1,032.0X	  
	 Gasification Performance Improvement
	  	4501555092	  	4 SCH 120 BW LR 90 ELBOW	  	0175	  	5112137495	  	 	3.000	  	  	 	845.6X	  
	 Gasification Performance Improvement
	  	4501555092	  	BLOW RIM DIRGHB-4	  	0175	  	5112134128	  	 	2.000	  	  	 	1,230.2X	  
	 Gasification Performance Improvement
	  	4501556069	  	Valve	  	0185	  	5112881119	  	 	2.000	  	  	 	6,230.0X	  
	 Gasification Performance Improvement
	  	4501559951	  	1/2 x 1-3/4” Hex Head Bolt	  	0115	  	5112154256	  	 	300.000	  	  	 	150.00	  
	 Gasification Performance Improvement
	  	4501559951	  	3/4” Flat Washer	  	0115	  	5112154256	  	 	300.000	  	  	 	5l.00	  
	 Gasification Performance Improvement
	  	4501559951	  	3/4” Hex Nut	  	0115	  	5112154256	  	 	150.000	  	  	 	31.50	  
	 Gasification Performance Improvement
	  	4501561577	  	Float Switch	  	0270	  	5112223170	  	 	3.000	  	  	 	260.0X	  
	 Gasification Performance Improvement
	  	4501561601	  	SS Instrument Brackets	  	0299	  	5112154751	  	 	1.000	  	  	 	257.0X	  
	 Gasification Performance Improvement
	  	450l563292	  	Instrument Bracket	  	0115	  	5112200313	  	 	4.000	  	  	 	52.00	  

 Schedule 2.2(f) – Page 28 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	4501567304	  	12 VELAN F-0064C-02TY 150#BODY: CARBON	  	0175	  	5112254739	  	 	2.000	  	  	 	2,941.4X	  
	 Gasification Performance Improvement
	  	4501567580	  	STEGO# 02010.0-01 120V 50W EXPLOSION PRO	  	0225	  	5112224319	  	 	2.000	  	  	 	361.3X	  
	 Gasification Performance Improvement
	  	4501569496	  	14 XH LR 45 DEG WELD ELL	  	0175	  	5112256441	  	 	1.000	  	  	 	530.5X	  
	 Gasification Performance Improvement
	  	4501569496	  	14 XH WELD TEE A234	  	0175	  	5112256441	  	 	1.000	  	  	 	1,422.1X	  
	 Gasification Performance Improvement
	  	4501569496	  	14” 150# XH A234 RF WN FLG	  	0155	  	5112256441	  	 	3.000	  	  	 	754.5X	  
	 Gasification Performance Improvement
	  	4501570457	  	Flare Tip (Ist Pmt)	  	0335	  	5112426095	  	 	1.000	  	  	 	16,179.0X	  
	 Gasification Performance Improvement
	  	4501570457	  	Flare Tip (2nd Pmt)	  	0335	  	5112426118	  	 	0.915	  	  	 	29,607.5X	  
	 Gasification Performance Improvement
	  	4501570457	  	Zeeco - Additional Eng. Flare Dwgs	  	0335	  	5112426120	  	 	1.000	  	  	 	2,746.5X	  
	 Gasification Performance Improvement
	  	4501573603	  	12 150# LAMONSWR SPIRAL WOUND GASKET GR	  	0175	  	5112239481	  	 	4.000	  	  	 	35.6X	  
	 Gasification Performance Improvement
	  	4501573603	  	7/8 X 5 (4-3/4 FIRST TO FIRST) BLACK S	  	0115	  	5112239481	  	 	48.000	  	  	 	93.1X	  
	 Gasification Performance Improvement
	  	4501575153	  	1/2”-13 FHN Z 5	  	0115	  	5112244754	  	 	200.000	  	  	 	40.0X	  
	 Gasification Performance Improvement
	  	4501575153	  	HCS 1/2-13 x 1.5 Z5	  	0115	  	5112244754	  	 	200.000	  	  	 	82.0X	  
	 Gasification Performance Improvement
	  	4501575889	  	4’ x 8’ 3/4-#9 expanded metal	  	0320	  	5112240570	  	 	1.000	  	  	 	.95.0X	  
	 Gasification Performance Improvement
	  	4501581028	  	ROTOHAMER C30 DI RIM&GUIDE	  	0175	  	5112308210	  	 	2.000	  	  	 	1,278.6X	  
	 Gasification Performance Improvement
	  	4501581028	  	ROTOHAMMER C24 CHAIN	  	0184	  	5112296840	  	 	1.000	  	  	 	100.3X	  
	 Gasification Performance Improvement
	  	4501584185	  	Estimated Freight	  	0275	  	5112769567	  	 	1.000	  	  	 	250.0X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112585299	  	 	2.000	  	  	 	1,766.8X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112608299	  	 	2.000	  	  	 	1,766.8X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112664306	  	 	1.000	  	  	 	2,525.3X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112675824	  	 	1.000	  	  	 	2,525.3X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112675881	  	 	1.000	  	  	 	3,510.5X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112755403	  	 	1.000	  	  	 	1 ,990.9X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5112769567	  	 	1.000	  	  	 	3,643.7X	  
	 Gasification Performance Improvement
	  	4501584185	  	Pressure Regulator	  	0275	  	5113342969	  	 	2.000	  	  	 	1,766.8X	  
	 Gasification Performance Improvement
	  	4501584228	  	Butterfly Valve	  	0185	  	5112880608	  	 	2.000	  	  	 	22,190.0X	  
	 Gasification Performance Improvement
	  	4501584228	  	Butterfly Valve	  	0185	  	5113079521	  	 	4.000	  	  	 	57,304.0X	  
	 Gasification Performance Improvement
	  	4501584228	  	Estimated Freight	  	0185	  	5113079521	  	 	1.000	  	  	 	600.0X	  
	 Gasification Performance Improvement
	  	4501589202	  	Freight	  	0185	  	5112827371	  	 	1.000	  	  	 	845.0X	  
	 Gasification Performance Improvement
	  	4501589202	  	Valve	  	0185	  	5112827371	  	 	2.000	  	  	 	34,014.0X	  
	 Gasification Performance Improvement
	  	4501593270	  	Heat Sheet	  	0320	  	5112403467	  	 	4.000	  	  	 	2,690.0X	  

 Schedule 2.2(f) – Page 29 

																	
	 AFE Description
	  	Purch.Doc.	  	 Item description
	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Gasification Performance Improvement
	  	4501597937	  	Float Switch	  	0368	  	5112396794	  	 	7.000	  	  	 	651.0X	  
	 Gasification Performance Improvement
	  	4501600914	  	Hopper	  	0320	  	5112412452	  	 	2.000	  	  	 	2,314.6X	  
	 Gasification Performance Improvement
	  	4501605187	  	3’ x 25’ neoprene 1/4” thick	  	0320	  	5112412302	  	 	1.000	  	  	 	303.0X	  
	 Gasification Performance Improvement
	  	4501606950	  	225XST-120A-AMBER STROBE	  	0225	  	5112417984	  	 	3.000	  	  	 	828.9X	  
	 Gasification Performance Improvement
	  	4501606950	  	225XST-120C- CLEAR STROBE	  	0225	  	5112428934	  	 	2.000	  	  	 	552.6X	  
	 Gasification Performance Improvement
	  	4501606950	  	302GCX-120 HORN	  	0225	  	5112416869	  	 	2.000	  	  	 	1,939.7X	  
	 Gasification Performance Improvement
	  	4501606950	  	UTM MODULE	  	0250	  	5112416869	  	 	2.000	  	  	 	141.3X	  
	 Gasification Performance Improvement
	  	4501608195	  	316/316L SS SEAMLESS TUBING, 1/4 IN. OD SS SWAGELOK TUBE FITTING, BULKHEAD	  	0182	  	5112440070	  	 	320.000	  	  	 	1,049.6X	  
	 Gasification Performance Improvement
	  	4501608195	  	 MALE
 SS SWAGELOK TUBE FITTING,
MALE
	  	0182	  	5112440070	  	 	32.000	  	  	 	391.6X	  
	 Gasification Performance Improvement
	  	4501608195	  	CONNECTOR	  	0182	  	5112440070	  	 	72.000	  	  	 	393.1X	  
	 Gasification Performance Improvement
	  	4501618558	  	1 3000 FS SW TEE	  	0155	  	5112452300	  	 	1.000	  	  	 	6.1X	  
	 Gasification Performance Improvement
	  	4501618558	  	1X3/4 3000 FS SW INS BUSH	  	0155	  	5112452300	  	 	1.000	  	  	 	3.9X	  
	 Gasification Performance Improvement
	  	4501618558	  	3/4 3000 FS SW 90 ELL	  	0155	  	5112452300	  	 	6.000	  	  	 	18.54	  
	 Gasification Performance Improvement
	  	4501618558	  	3/4 3000 FS SW TEE	  	0155	  	5112452300	  	 	1.000	  	  	 	4.4X	  
	 Gasification Performance Improvement
	  	4501618558	  	3/4 VOGT #TSW2801 SWXTHD	  	0185	  	5112452300	  	 	2.000	  	  	 	97.2X	  
	 Gasification Performance Improvement
	  	4501618558	  	3/4 XH BLK SMLS A106B PIPE	  	0155	  	5112452300	  	 	42.000	  	  	 	150.7X	  
	 Gasification Performance Improvement
	  	4501618558	  	3/4X1/2 3000 FS THRD BUSH	  	0155	  	5112452300	  	 	2.000	  	  	 	2.22	  
	 Gasification Performance Improvement
	  	4501618587	  	3/8” Pre-insulated tubing	  	0158	  	5112449614	  	 	120.000	  	  	 	886.8X	  
	 Gasification Performance Improvement
	  	4501668212	  	GE Multilin’s analysis	  	0230	  	5112763194	  	 	1.000	  	  	 	980.0X	  
	 Gasification Performance Improvement
	  	4501694822	  	Steel Suppliers Erectors - Rail w/ Toe P	  	0330	  	5112967781	  	 	1.000	  	  	 	18,555.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	1 1/2” 90 Deg Elbow BW Sch 160 Alloy 825	  	0158	  	5110515037	  	 	3.000	  	  	 	1,395.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	1 1/2” Sch 160 Pipe Alloy 825	  	0158	  	5110515037	  	 	23.520	  	  	 	4,351.2X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	1-1/2” WNF, CI, 1500 RJ, Sch 160	  	0158	  	5110515037	  	 	2.000	  	  	 	1,500.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	14” 45 Deg Elbow BW Sch 120 Alloy 825	  	0158	  	5111027735	  	 	1.000	  	  	 	29,325.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	14” 90 Deg Elbow BW Sch 120 Alloy 825	  	0158	  	5111027735	  	 	6.000	  	  	 	238,050.X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	14” Sch 120 Pipe Alloy 825	  	0158	  	5111035155	  	 	100.500	  	  	 	527,826.X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	14”x2” Weldolet, Sch 120xSch l60,Aloy825	  	0158	  	5110515037	  	 	2.000	  	  	 	1,346.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	14”x6” Weldolet, Sch 120xSch 120,Aloy825	  	0158	  	5110515037	  	 	1.000	  	  	 	8,625.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	l4”x8” Weldolet, Sch l20xSch 120,Aloy825	  	0158	  	5110515037	  	 	1.000	  	  	 	10,175.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	l6”x14” Concentric Reducer	  	0158	  	5111027735	  	 	1.000	  	  	 	34,995.0X	  

 Schedule 2.2(f) – Page 30 

																	
	AFE Description	  	Purch.Doc.	  	Item description	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Hydro Corr Control Improvement
	  	4501113048	  	2” Sch 160 Pipe Alloy 825	  	0158	  	5110515037	  	 	23.040	  	  	 	6,336.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	2” WNF, CI 1500 RJ, Sch 160, Alloy825	  	0158	  	5110515037	  	 	2.000	  	  	 	2,220.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	3” 90 deg elbow, BW, Sch 80, Alloy 825	  	0158	  	5110515037	  	 	4.000	  	  	 	4,300.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	3” Sch 80 Pipe Alloy 825	  	0158	  	5110515037	  	 	22.500	  	  	 	7,267.5X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	3” WNF, CI 1500 RJ, Sch 80, Alloy825	  	0158	  	5110515037	  	 	9.000	  	  	 	17,604.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	3/4” Sch 160 Pipe Alloy 825	  	0158	  	5110515037	  	 	45.000	  	  	 	4,005.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	4” 90 Deg Elbow BW Sch 80 Alloy 825	  	0158	  	5110515037	  	 	4.000	  	  	 	4,400.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	4” Sch 80 Pipe Alloy 825	  	0158	  	5110515037	  	 	21.770	  	  	 	8,773.3X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	4” WNF, CI 1500 RJ, Sch 80, Alloy825	  	0158	  	5110515037	  	 	9.000	  	  	 	25,857.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	6” WNF, CI 1500 RJ, Sch 120, Alloy825	  	0158	  	5110515037	  	 	1.000	  	  	 	7,368.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	8” WNF, CI 1500 RJ, Sch 120, Alloy825	  	0158	  	5110515037	  	 	1.000	  	  	 	10,925.0X	  
	 Hydro Corr Control Improvement
	  	4501113048	  	Estimated Shipping Charges	  	0158	  	5111455586	  	 	1.000	  	  	 	10,903.6X	  
	 Hydro Corr Control Improvement
	  	4501131358	  	David Brown Union Pump	  	0368	  	5110117615	  	 	1.000	  	  	 	12,260.0X	  
	 Hydro Corr Control Improvement
	  	4501140095	  	Barnhart Crane (Hake) - Equip Rental	  	0399	  	5110215664	  	 	1.000	  	  	 	8,529.0X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	1” x 3/4” Tee, Red. SW 3000# Alloy 2205	  	0158	  	5110280630	  	 	5.000	  	  	 	1,439.9X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	16” Elbow BE 45 Deg Sch 100 Alloy 2205	  	0158	  	5110521419	  	 	1.000	  	  	 	15,940.0X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	2” x 2” Cross SW CL 3000 Alloy 2205	  	0158	  	5110298145	  	 	2.000	  	  	 	2,071.0X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	2” x 3/4” Tee, Red. SW 3000# Alloy 2205	  	0158	  	5110280630	  	 	8.000	  	  	 	4,984.6X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3” Pipe Sch 80S Alloy 2205	  	0158	  	5110232080	  	 	68.840	  	  	 	6,333.2X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3” x 1” Swage Conc BExPE Alloy 2205	  	0158	  	5110280630	  	 	5.000	  	  	 	1,712.1X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3” x 2” Swage Conc BExPE Alloy 2205	  	0158	  	5110280630	  	 	5.000	  	  	 	1,712.1X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3” x 3” Cross BE Sch 80S Alloy 2205	  	0158	  	5110608125	  	 	2.000	  	  	 	2,521.5X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3” x 3/4” Swage Conc BExPE Alloy 2205	  	0158	  	5110280630	  	 	4.000	  	  	 	1,369.70	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3/4” Elbow SW 90 Deg 3000# Alloy 2205	  	0158	  	5110280630	  	 	26.000	  	  	 	2,587.0X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3/4” Pipe Sch 160 Alloy 2205	  	0158	  	5110232080	  	 	47.840	  	  	 	1,266.8X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	3/4” SW Coupling 3000# Alloy 2205	  	0158	  	5110280630	  	 	21.000	  	  	 	1,209.6X	  
	 Hydro Corr Control Improvement
	  	4501143706	  	4” x 2” Swage Conc BLExBSE Alloy 2205	  	0158	  	5110280628	  	 	2.000	  	  	 	1,329.9X	  
	 Hydro Corr Control Improvement
	  	4501144401	  	Rental of Ricoh Copier/Fax/Printr 314743	  	0365	  	5110601538	  	 	11.000	  	  	 	6,000.0X	  
	 Hydro Corr Control Improvement
	  	4501152740	  	Material for Part One of HCCP	  	0158	  	5110231913	  	 	1.000	  	  	 	31,616.5X	  
	 Hydro Corr Control Improvement
	  	4501158314	  	Absolute Pressure Transmitter	  	0299	  	5110311167	  	 	4.000	  	  	 	5,994.8X	  
	 Hydro Corr Control Improvement
	  	4501158314	  	Differential Pressure Flow Transmitter	  	0299	  	5110311167	  	 	1.000	  	  	 	1,260.3X	  

 Schedule 2.2(f) – Page 31 

																			
	AFE Description	  	Purch.Doc.	 	  	Item description	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Hydro Corr Control Improvement
	  	 	4501158314	  	  	S.I.S. Certified Differential Pressure	  	0299	  	5110311167	  	 	3.000	  	  	 	4,715.4X	  
	 Hydro Corr Control Improvement
	  	 	4501158314	  	  	S.I.S. Certified Temperature Transmitter	  	0299	  	5110311167	  	 	3.000	  	  	 	3,569.7X	  
	 Hydro Corr Control Improvement
	  	 	4501158338	  	  	Angle Body Control Valve	  	0188	  	5111116548	  	 	2.000	  	  	 	77,090.0X	  
	 Hydro Corr Control Improvement
	  	 	4501158434	  	  	Globe Body Control Valve	  	0188	  	5111356200	  	 	1.000	  	  	 	64,572.0X	  
	 Hydro Corr Control Improvement
	  	 	4501169029	  	  	Freight	  	0158	  	5110842981	  	 	1.000	  	  	 	2,897.7X	  
	 Hydro Corr Control Improvement
	  	 	4501169029	  	  	Injection Quill	  	0158	  	5110680140	  	 	3.000	  	  	 	123,483.9X	  
	 Hydro Corr Control Improvement
	  	 	4501169988	  	  	Design Cost Adder	  	0299	  	5110826916	  	 	2.000	  	  	 	4,680.0X	  
	 Hydro Corr Control Improvement
	  	 	4501169988	  	  	Electric Heat Tracing	  	0299	  	5110826916	  	 	2.000	  	  	 	2,925.0X	  
	 Hydro Corr Control Improvement
	  	 	4501169988	  	  	Freight	  	0299	  	5110826916	  	 	1.000	  	  	 	1,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501169988	  	  	Magnetic Level Indicator	  	0299	  	5110826916	  	 	2.000	  	  	 	99,339.0X	  
	 Hydro Corr Control Improvement
	  	 	4501169988	  	  	Material Cost Adder	  	0299	  	5110826916	  	 	2.000	  	  	 	8,699.5X	  
	 Hydro Corr Control Improvement
	  	 	4501170014	  	  	316SS Housing	  	0299	  	5110826916	  	 	2.000	  	  	 	2,400.0X	  
	 Hydro Corr Control Improvement
	  	 	4501170014	  	  	Drain Flange	  	0299	  	5110826916	  	 	2.000	  	  	 	4,800.0X	  
	 Hydro Corr Control Improvement
	  	 	4501170014	  	  	Freight	  	0299	  	5110883492	  	 	1.000	  	  	 	1,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501170014	  	  	Magneitrol Level Displacer	  	0299	  	5110883492	  	 	2.000	  	  	 	122,157.8X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Design Cost Adder	  	0299	  	5111129412	  	 	2.000	  	  	 	14,112.0X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Electric Heat Trace	  	0299	  	5111129412	  	 	2.000	  	  	 	2,222.9X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Freight	  	0299	  	5111129412	  	 	1.000	  	  	 	1,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Magnetrol Level Displacer	  	0299	  	5111129412	  	 	2.000	  	  	 	77,859.0X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Magnetrol-Orion Magnetic Level	  	0299	  	5111129412	  	 	1.000	  	  	 	76,008.8X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Magnetrol-Orion Magnetic Level	  	0299	  	5111151189	  	 	1.000	  	  	 	76,008.8X	  
	 Hydro Corr Control Improvement
	  	 	4501170030	  	  	Material Cost Adder	  	0299	  	5111129412	  	 	2.000	  	  	 	9,768.9X	  
	 Hydro Corr Control Improvement
	  	 	4501173917	  	  	Relief Valve	  	0185	  	5110758151	  	 	2.000	  	  	 	11,270.0X	  
	 Hydro Corr Control Improvement
	  	 	4501173917	  	  	Rupture Disk	  	0185	  	5110758151	  	 	2.000	  	  	 	7,190.0X	  
	 Hydro Corr Control Improvement
	  	 	4501173917	  	  	Rupture Disk Holder	  	0185	  	5110758151	  	 	1.000	  	  	 	4,949.0X	  
	 Hydro Corr Control Improvement
	  	 	4501175378	  	  	Check Valve	  	0188	  	5111732522	  	 	3.000	  	  	 	79,250.0X	  
	 Hydro Corr Control Improvement
	  	 	4501175378	  	  	Estimated Freight	  	0188	  	5111732522	  	 	1.000	  	  	 	1,500.0X	  
	 Hydro Corr Control Improvement
	  	 	4501175378	  	  	Gate Valve	  	0188	  	5111959509	  	 	2.000	  	  	 	68,660.0X	  
	 Hydro Corr Control Improvement
	  	 	4501187114	  	  	1.5” 1500# BW Y Pattern Globe Valve	  	0188	  	5110765811	  	 	4.000	  	  	 	23,556.0X	  
	 Hydro Corr Control Improvement
	  	 	4501187114	  	  	3/4” l500# MBW x FNPT Gate Valve	  	0188	  	5110765811	  	 	1.000	  	  	 	7,552.0X	  
	 Hydro Corr Control Improvement
	  	 	4501187114	  	  	3/4” BW Gate Valve - BW Class 1500	  	0188	  	5110765811	  	 	4.000	  	  	 	15,136.0X	  

 Schedule 2.2(f) – Page 32 

																			
	AFE Description	  	Purch.Doc.	 	  	Item description	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Hydro Corr Control Improvement
	  	 	4501187269	  	  	Thermocouple	  	0299	  	5110765475	  	 	2.000	  	  	 	11,400.0X	  
	 Hydro Corr Control Improvement
	  	 	4501197205	  	  	Part I Mat’l B F Shaw	  	0158	  	5110421298	  	 	1.000	  	  	 	18,021.1X	  
	 Hydro Corr Control Improvement
	  	 	4501197205	  	  	Part I Mat’l GEA Rainey	  	0345	  	5110421298	  	 	1.000	  	  	 	30,140.7X	  
	 Hydro Corr Control Improvement
	  	 	4501197205	  	  	Part I Mat’l Lockwood Valves	  	0188	  	5110421298	  	 	1.000	  	  	 	335,125.X	  
	 Hydro Corr Control Improvement
	  	 	4501269123	  	  	Adder for vents and drains on each stab	  	0158	  	5111074954	  	 	2.000	  	  	 	1,260.0X	  
	 Hydro Corr Control Improvement
	  	 	4501269123	  	  	Suction Stabilizer TAG: 36-P-50A	  	0158	  	5111074954	  	 	1.000	  	  	 	39,612.0X	  
	 Hydro Corr Control Improvement
	  	 	4501269123	  	  	Suction Stabilizer TAG: 36-P-50B	  	0158	  	5111074954	  	 	1.000	  	  	 	39,612.0X	  
	 Hydro Corr Control Improvement
	  	 	4501289220	  	  	2.4kV Motor Controller	  	0220	  	5111346379	  	 	1.000	  	  	 	17,817.5X	  
	 Hydro Corr Control Improvement
	  	 	4501289220	  	  	2.4kV Motor Controller	  	0220	  	5111354096	  	 	1.000	  	  	 	17,817.5X	  
	 Hydro Corr Control Improvement
	  	 	4501289220	  	  	Plug-In Unit 100 AT/ 100 AF	  	0220	  	5111540842	  	 	1.000	  	  	 	1,847.0X	  
	 Hydro Corr Control Improvement
	  	 	4501289220	  	  	Plug-In Unit 20 AT/ 100 AF	  	0220	  	5111540842	  	 	1.000	  	  	 	1,847.0X	  
	 Hydro Corr Control Improvement
	  	 	4501289220	  	  	Plug-In Unit 30 AT/ 100 AF	  	0220	  	5111540842	  	 	1.000	  	  	 	1,847.0X	  
	 Hydro Corr Control Improvement
	  	 	4501318902	  	  	Orifice Flange	  	0158	  	5111348608	  	 	1.000	  	  	 	6,478.0X	  
	 Hydro Corr Control Improvement
	  	 	4501318902	  	  	Orifice Plate	  	0158	  	5111348608	  	 	3.000	  	  	 	8,590.0X	  
	 Hydro Corr Control Improvement
	  	 	4501353722	  	  	Change Notice 4 - Ram Fab Pipe Fab	  	0158	  	5112578664	  	 	1.000	  	  	 	7,683.6X	  
	 Hydro Corr Control Improvement
	  	 	4501353722	  	  	Freight	  	0158	  	5112578664	  	 	1.000	  	  	 	26,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501353722	  	  	Pipe Fabrication	  	0158	  	5112578664	  	 	5.000	  	  	 	490,306.X	  
	 Hydro Corr Control Improvement
	  	 	4501353722	  	  	Ram-Fab - Spool Changes, Material Handli	  	0158	  	5112578664	  	 	1.000	  	  	 	40,180.0X	  
	 Hydro Corr Control Improvement
	  	 	4501353722	  	  	Ram-Fab Add’l Mat’l Costs	  	0158	  	5111661513	  	 	1.000	  	  	 	24,908.7X	  
	 Hydro Corr Control Improvement
	  	 	4501353722	  	  	Ram-Fab, Inc.NDE Inspection Services	  	0158	  	5111838257	  	 	1.000	  	  	 	27,003.0X	  
	 Hydro Corr Control Improvement
	  	 	4501357246	  	  	12” Spectacle Blind	  	0399	  	5111361576	  	 	1.000	  	  	 	2,649.0X	  
	 Hydro Corr Control Improvement
	  	 	4501357290	  	  	Ejector and Silencer	  	0158	  	5111390399	  	 	1.000	  	  	 	8,554.0X	  
	 Hydro Corr Control Improvement
	  	 	4501363775	  	  	Handling Charges	  	0158	  	5111817600	  	 	1.000	  	  	 	27,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	45 KVA	  	0250	  	5111944302	  	 	1.000	  	  	 	7,500.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	MS30DXH2E3...	  	0250	  	5111944302	  	 	1.000	  	  	 	42,700.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	PCK-PT/PF	  	0250	  	5111543381	  	 	30.000	  	  	 	1,200.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	PT-3SB	  	0250	  	5111543381	  	 	2,500.000	  	  	 	16,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	PT-8SB	  	0250	  	5111543381	  	 	2,000.000	  	  	 	12,800.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	RTD-7	  	0250	  	5111560580	  	 	30.000	  	  	 	2,400.0X	  
	 Hydro Corr Control Improvement
	  	 	4501380321	  	  	T-F50	  	0250	  	5111543381	  	 	80.000	  	  	 	1,840.0X	  
	 Hydro Corr Control Improvement
	  	 	4501384961	  	  	Strainer	  	0155	  	5111911191	  	 	2.000	  	  	 	19,142.0X	  

 Schedule 2.2(f) – Page 33 

																			
	AFE Description	  	Purch.Doc.	 	  	Item description	  	Matl
Group	  	MatDoc	  	GR qty	 	  	GR amount	 
	 Hydro Corr Control Improvement
	  	 	4501387566	  	  	Structural Steel	  	0330	  	5112263971	  	 	1.000	  	  	 	119,038.0X	  
	 Hydro Corr Control Improvement
	  	 	4501390392	  	  	PS-1114-205-106 Base Spring Assembly	  	0158	  	5111396976	  	 	1.000	  	  	 	1,510.0X	  
	 Hydro Corr Control Improvement
	  	 	4501390392	  	  	PS-1114-205-107 Base Spring Assembly	  	0158	  	5111396976	  	 	1.000	  	  	 	1,250.0X	  
	 Hydro Corr Control Improvement
	  	 	4501390392	  	  	PS-1339-200C-109 Spring Hanger Assembly	  	0158	  	5111396976	  	 	1.000	  	  	 	1,566.9X	  
	 Hydro Corr Control Improvement
	  	 	4501413834	  	  	Shaw - Material Handling	  	0158	  	5111817600	  	 	1.000	  	  	 	60,585.0X	  
	 Hydro Corr Control Improvement
	  	 	4501427668	  	  	Ram-Fab to retag valves	  	0158	  	5111487836	  	 	1.000	  	  	 	1,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	1 1/2” - VGA098	  	0158	  	5112541493	  	 	2.000	  	  	 	1,421.2X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	12” - GA8381	  	0158	  	5112936682	  	 	1.000	  	  	 	24,479.1X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	3” - GA3010	  	0158	  	5112698129	  	 	1.000	  	  	 	1,594.0X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	3” - GA8380	  	0158	  	5112541493	  	 	1.000	  	  	 	3,184.1X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	3” - VGA131	  	0158	  	5112541494	  	 	1.000	  	  	 	3,184.1X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	4” - GA2000	  	0158	  	5112541493	  	 	2.000	  	  	 	1,081.8X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	4” - GA8380	  	0158	  	5112613373	  	 	5.000	  	  	 	21,142.1X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	4” - GA9111	  	0158	  	5112698129	  	 	1.000	  	  	 	1,380.7X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	4” - SP-33	  	0158	  	5111859058	  	 	1.000	  	  	 	6,633.8X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	4” - SP-34	  	0158	  	5111859058	  	 	1.000	  	  	 	6,541.6X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	4” - VGA131	  	0158	  	5112613373	  	 	2.000	  	  	 	8,456.8X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	6” - GA1005	  	0158	  	5111635953	  	 	4.000	  	  	 	2,430.8X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	6” - VGA131	  	0158	  	5112541493	  	 	2.000	  	  	 	16,229.3X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	8” - GA1005	  	0158	  	5111635953	  	 	2.000	  	  	 	1,751.8X	  
	 Hydro Corr Control Improvement
	  	 	4501437899	  	  	8” - GA8380	  	0158	  	5112665534	  	 	1.000	  	  	 	13,684.9X	  
	 Hydro Corr Control Improvement
	  	 	4501484271	  	  	Change Notice - Union Pump Long Term Sto	  	0368	  	5113252300	  	 	7.000	  	  	 	7,000.0X	  
	 Hydro Corr Control Improvement
	  	 	4501484271	  	  	Union Pump - Inspection and Repair	  	0368	  	5112309454	  	 	3.000	  	  	 	31,067.0X	  
	 Hydro Corr Control Improvement
	  	 	4501484271	  	  	Union Pump - Long Term Pump Storage	  	0368	  	5113355161	  	 	7.000	  	  	 	23,750.0X	  
	 Hydro Corr Control Improvement
	  	 	4501525906	  	  	2 800 FS WB FP GATE VALVE THRD	  	0175	  	5112009134	  	 	2.000	  	  	 	1,589.7X	  

 Schedule 2.2(f) – Page 34 

 Section 2.5(a)(i) 

Wire Transfer Instructions 
 Bank Name:  JPMorgan Chase Bank, New York, NY 
 Bank Routing #:  [REDACTED]

 Account #:  [REDACTED] 

Account Name:  Valero Energy Corporation 
 For the benefit of The Premcor Refining Group Inc. 

 Section 2.7(c) 

Retained Litigation 
 All
matters listed on Section 3.8 (Litigation) of these Disclosure Schedules 

 Section 3.3(a) 

Seller Third Person Consents 
  

	1.	See Section 3.13 hereof for information regarding consents needed to transfer various process licenses. 

 

	2.	Except where noted in Section 3.5(a) of these Schedules, the consent of the counterparties thereto will be required in order to assign all of the Material
Contracts. 

  

	3.	It is likely that licensor consent will be required to transfer any software that Sellers have agreed to transfer pursuant to Section 8.10 of the APA, other than
Seller IP. 

 Section 3.3(b) 

Seller Governmental Approvals 
 None 

 Section 3.4(b) 

Pipeline Right of Way Matters 
  

	1.	As noted in Section 2.1(c) of these schedules and as disclosed in the materials provided in the data room made available for Buyer’s due diligence review in
connection with this transaction, there are certain segments of the Pipeline for which Premcor Pipeline has been unable to locate recorded easements or other instruments evidencing Premcor’s Pipeline’s right to traverse such segments with
the Pipeline. Note that in Section 2.1(c) of these schedules, references to “ROW Number” means the heritage ROW number in the right-of-way files, including the alignment sheets, related to the Pipeline, copies of which have been made
available to Buyer. An annotation in Section 2.1(c) of these schedules to the effect that a ROW Number is ‘skipped” does not necessarily mean that there is a gap in title; rather, it means that the numbering skips in the underlying
alignment sheets or records. Please refer to the alignment sheets for more information. Under the column labeled “Recording Data” in Section 2.1(c) of these schedules Seller has indicated segments of the Pipeline with respect to which
possible title gaps exist and/or with respect to which there are no instruments of record. 

  

	2.	Seller has located a copy of the Assignment of Rights-of-Way and Permits pursuant to which Motiva transferred the Pipeline interests to Premcor Pipeline (before Premcor
Pipeline was a subsidiary of Valero), but it does rot appear that such instrument was ever filed of public record in any jurisdiction. In order to attempt to create a public record of the transfer, Seller filed affidavits (to which the Assignment of
Rights-of-Way and Permits was attached as an exhibit) in the public records of New Castle County, DE and Delaware County, PA. Seller makes no representations or warranties as to whether or not such affidavits provide legal notice to landowners and
other affected Persons as to the transfer of the Pipeline interests from Motiva to Premcor Pipeline. 

 Section 3.4(d) 

Real Property Lease Matters 
 None. 

 Confidential Valero Draft 

Dated 3/25/2010 
 Schedule 3.4(e) 
 Material Fixed Assets – Terminal and Pipeline

 Notwithstanding anything to the contrary herein, all items in this Schedule that were purchased as part of a referenced project in the
asset register listing are to be included in the Assets to be transferred to Buyers whether those items are installed in the Refinery or Right of Way, stored in the Refinery, in Original Equipment Manufacturer’s storage or in third party
storage. 
  

									
	 Asset
	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	 50000326
	  	 	2/28/2008	  	  	Purchase New Fire Apparatus	  	5000
	 18024517
	  	 	1/1/2009	  	  	Del City Propane Truck Rack	  	1822
	 85000014
	  	 	5/31/2006	  	  	Capital Spare Parts	  	8500
	 20037494
	  	 	9/1/2005	  	  	Utility, Potable, & Effluent Water System	  	2000
	 20037497
	  	 	9/1/2005	  	  	Gasoline Blending Facilities	  	2000
	 20037504
	  	 	9/1/2005	  	  	Fire Protection System	  	2000
	 20037505
	  	 	9/1/2005	  	  	Tankage And Transfer Units	  	2000
	 20037506
	  	 	9/1/2005	  	  	Docks	  	2000
	 20037507
	  	 	9/1/2005	  	  	General Plant Equipment	  	2000
	 20037519
	  	 	10/31/2005	  	  	526 New Roof Deck at Gas Tank 137	  	2000
	 20037532
	  	 	12/31/2005	  	  	DC04 504 Gangway for Pier # 2 and Pier #	  	2000
	 20037543
	  	 	12/31/2005	  	  	526 Upgrades to Tank 7	  	2000
	 20037604
	  	 	1/31/2006	  	  	526 New Roof Deck at Gas Tank 137	  	2000
	 20037607
	  	 	2/28/2006	  	  	509 A/P Tank Farm Transmitters	  	2000
	 20037654
	  	 	7/3/2006	  	  	Ethanol Blending	  	2000
	 20037669
	  	 	5/31/2006	  	  	509 A/P Tank Farm Transmitters	  	2000
	 20037699
	  	 	6/30/2006	  	  	530 Firewater Monitors at Piers	  	2000
	 20037749
	  	 	9/30/2006	  	  	526 Upgrades to Tank 7	  	2000
	 20038532
	  	 	9/30/2007	  	  	DC04-101355 DCR Marine Crash Gate at Piers	  	2000
	 20038563
	  	 	10/31/2007	  	  	DC07-102141 AST Leak Detection Systems	  	2000
	 20038769
	  	 	3/31/2008	  	  	AST Leak Detection Systems 2007	  	2000
	 20038945
	  	 	8/31/2008	  	  	DC07- 102149 Tank 187 - AST Foam Piping System	  	2000
	 20039022
	  	 	11/30/2008	  	  	DC08-102254 Tank 248 and Tank 268 Jumpers	  	2000

 Schedule 3.4(e) – Page 1 

									
	 Asset
	  	Cap. Date	 	  	 Asset Description
	  	Asset Class
	XX39029	  	 	8/31/2008	  	  	DC07-102149 Tank 2- AST Piping System	  	2000
	20039030	  	 	8/31/2008	  	  	DC07-102149 Tank 185- AST Piping System	  	2000
	20039092	  	 	12/31/2008	  	  	AST Leak Detection Systems in 2008	  	2000
	20039101	  	 	12/31/2008	  	  	AST Foam Piping Systems in 2008	  	2000
	10002896	  	 	9/1/2005	  	  	Land	  	1000
	11029540	  	 	12/31/2006	  	  	Operator Shelters at Piers	  	1100
	12028910	  	 	12/31/2006	  	  	Supply Domestic Water to Piers	  	1200
	12035490	  	 	10/19/2009	  	  	Install Hydraulic Gangway on Pier #2	  	1200
	33000269	  	 	9/1/2005	  	  	Laboratory Equipment	  	3300
	33000271	  	 	12/31/2005	  	  	529 Lab Wavelength Disp X-Ray SpectroPho	  	3300
	33000278	  	 	10/31/2006	  	  	Automated Lab Titration Equipment	  	3300
	33000314	  	 	9/30/2007	  	  	DC07-102133 Pour & Cloud Analyzer Lab Equipment	  	3300
	33000343	  	 	12/31/2007	  	  	DC07-l02152 Electrical PM Prog Relay Test Equip	  	3300
	33000423	  	 	12/31/2008	  	  	DC08-102264 Lab Analyzer Equipment 2008	  	3300
	10002951	  	 	9/1/2005	  	  	Delaware City Truck Rack Land	  	1004
	11029531	  	 	9/1/2005	  	  	Delaware City Truck Rack Buildings	  	1104
	11030382	  	 	9/30/2007	  	  	PT865 - DE City Truck Rack & PL Surveillance Prj-concr	  	1104
	12028482	  	 	3/31/2006	  	  	Signage for Premcor Acquisition - DC Terminal	  	1204
	18021925	  	 	4/30/2007	  	  	PT865 - Pipes / Flanges / Fittings	  	1810
	18020322	  	 	9/1/2005	  	  	Delaware City Truck Rack Pumps, Piping, Valves	  	1816
	18022858	  	 	9/30/2007	  	  	PT865 - DE City Truck Rack & PL Surveillance - Equip	  	1818
	18020424	  	 	9/1/2005	  	  	Delaware City Truck Rack Loading Lanes	  	1822
	18020425	  	 	9/1/2005	  	  	Delaware City Truck Rack Misc Infrastructure	  	1822
	18020426	  	 	9/1/2005	  	  	Delaware City Truck Rack Vapor Recovery Unit	  	1822
	18020438	  	 	10/31/2005	  	  	Del City Lubricity Project	  	1822
	60004388	  	 	9/30/2007	  	  	PT865 - DE City Truck Rack & PL Surveillance Prj-Equip	  	6004
	80000195	  	 	9/30/2007	  	  	PT865 - DE City Truck Rack & PL Access Control	  	8004
	1022465	  	 	10/31/2009	  	  	Instrumentation - Material	  	90001
	18020491	  	 	9/1/2005	  	  	Delaware City Pipeline	  	1810
	71004268	  	 	1/31/2008	  	  	Scada Disaster Recovery Site - Delaware City Pipe	  	7104
		  				  	GE Fanuc Cimplicity PLCs and associated equipment located in the	  	
		  				  	origination station control building for the Pipeline and in the destination station control building	  	

 Schedule 3.4(e) – Page 2 

 Section 3.5(a) 

Material Contracts 
  

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

 

							
	 Counter-Party
	  	 Contract Name
	  	 Contract
Number
	  	 Contract Date

	 Eastern Shore Natural Gas Company
	  	T-1 Service Agreement	  	040002	  	Nov. 1, 1997
	 Eastern Shore Natural Gas Company
	  	T-1 Service Agreement [Includes assignment of Contract 040002 from Star Enterprises to The Premcor Refining Group Inc.]	  	040003	  	May 1, 2004
	 Eastern Shore Natural Gas Company
	  	FT Service Agreement	  	010059	  	May 1, 2004
	 Eastern Shore Natural Gas Company
	  	FT Service Agreement	  	010087	  	Nov. 1, 2009
	 Eastern Shore Natural Gas Company
	  	IT Service Agreement [Interruptible transportation delivery with no minimum quantity]	  	030034	  	May 1, 2004
	 Sempra Energy Trading LLC
	  	Base Contract for Sale and Purchase of Natural Gas	  		  	June 3, 2008
	 Sempra Energy Trading LLC
	  	Asset Management Agreement	  		  	May 19, 2009
	 Transcontinental Gas Pipe Line Corp.
	  	Service Agreement	  	9016488	  	June 1, 2004
	 Transcontinental Gas Pipe Line Corp.
	  	Release of Pipeline capacity	  	9016488-FT	  	Sept. 1, 2009

  

	2.	Ground Lease, dated January 1, 2003, by and between Motiva Enterprises LLC (now The Premcor Refining Group Inc.), as lessor, and E.I. Du Pont de Nemours and
Company, as lessee. 

	    	Note: In conjunction with this Ground Lease, the parties entered into a Services and Commodity Supply Agreement and a Sulfuric Acid Regeneration Agreement. As further
disclosed in Section 3.8 (Litigation) of these Schedules, a dispute is pending between Premcor and DuPont over the amount of a Cancellation of Contract Fee that DuPont alleges is due from Premcor under the terms of the Regeneration Agreement as
a result of the Shutdown. The sulfuric acid regeneration plant that was used by DuPont to perform services under the Regeneration Agreement is located on the parcel covered by the Ground Lease; however, under the terms of the three agreements, it
does not appear that cancellation of the Regeneration Agreement also results in a termination of the Ground Lease. As such, while Premcor will require confirmation from DuPont that the Regeneration Agreement and Commodity Supply Agreement have
terminated before Premcor makes any settlement payment to DuPont, Premcor cannot assure Buyer that the Ground Lease will also terminate. 

  

	3.	The real property leases listed in Section 1.1(a) of these Schedules. 

 

	4.	The following electricity-related contracts: 

  

	 	a.	QF Self-Certification. Del City operates a 324-MW combined-cycle cogeneration facility, comprised of several generating units, and was self-recertified as a QF on
April 29, 2004 in FERC Docket No. QF92-l7-002. 

  

	 	b.	Interconnection Service Agreement between Delmarva and Premcor Refining, dated October 1, 1999, which covers Units G1, G2 and G4, which are treated solely as
“Behind the Meter” generation units. Delmarva would need to consent to the transfer. 

  

	 	c.	The FERC-approved Interconnection Services Agreement (“FERC ISA”) by and among, PJM, Premcor Refining and Delmarva, effective May 3, 2006 (FERC Docket
ER06-1083-002), which covers Units G3, G6 and G7. Delmarva and PJM would need to consent to the transfer. 

  

	 	d.	The “PJM Contract” as defined in, and subject to the provisions of, Section 5.8 of the Agreement. 

 

	5.	The following agricultural leases: 

  

	 	a.	Agricultural Lease, dated January 11, 2010, between The Premcor Refining Group Inc., as landlord, and Kenny Lester, as tenant, with respect to approximately
220 acres of land (Fields #46, 47, 48 and 18, per Map #1201-110-CE99). 

  

	 	b.	Agricultural Lease, dated January 11, 2010, between The Premcor Refining Group Inc., as landlord, and Philip Proud, as tenant, with respect

	 	
to approximately 373 acres of land (Fields #49, 50, 51, 52, 53, 13, 14, plus 2 unnumbered fields - approximately 30 acres each, all as per Map #1201-110-CE99). 

 

	 	c.	Agricultural Lease, dated January 11, 2010, between The Premcor Refining Group Inc., as landlord, and Hill Farming, LLC, as tenant, with respect to approximately
384 acres of land (Fields #DC-1, DC-2, DC-3, DC-4, DC-5, DC-6, DC-7, DC-8, DC-9, DC-l0, DC-11, DC-12, DC-13, DC-14, DC-15, DC-18, 19). 

  

	6.	PILOT Agreement between Premcor Refining and the City of Delaware City dated June 13, 2008. Provides for payments in lieu of property taxation by the Refinery
owner in exchange for the City’s covenant not to annex the Refinery. By its express terms, this can be transferred to any successor owner of the Refinery without the City’s consent. 

 

	7.	Section 3.13 of these Schedules lists certain process licenses that may be Material Contracts 

 

	8.	Section 8.l0(e)(ii) of these schedules lists certain software applications, the licenses for which may be Material Contracts. 

 

	10.	The following contracts for materials and services related to the Refinery and/or the Pipeline have annual spend in excess of $50,000 and constitute Material Contracts
that Buyer must assume at Closing: 

  

							
	 Contractor Name
	  	Contract	  	Contract
Number	  	 Comments

	 Air Products
	  	Misc. Work Agreement	  	MW974B	  	Liquid Nitrogen and Propane
				
	 City Of Delaware City
	  	Water
 Interconnection

Agreement
	  	WIA06DC056	  	Provide H2O to Terminal & Piers
				
	 Industrial Compressor Service
	  	Rental Service
Agreement	  	DC07RA010	  	Rental Air Comp Rental Utilities & Cooling Tower Rental (Month to Month)
				
	 Praxair Services Inc
	  	Product Supply
Agreement & Onsite
Management Cylinder
Rider	  	DC05PS048	  	On-site mgmt. of cylinder gas and nitrogen supply also Industrial Gas Contract - $3250 per month - 6 month notice to cancel

							
	 United Water
	  	Water Agreement	  	W-3-29	  	1992 agreement between Star Enterprises and Wilmington Suburban Water (the predecessor to Suburban). 11MM gallon minimum and 12 month notification Approximately $64,700.00
monthly
				
	 Wabash Power Equipment
	  	Equipment Rental
Contract	  	DC09LS7967	  	Rental for 2 boiler systems. Expires on 3/31/10 and goes month to month per the terms of the agreement. If buyer has need for these systems after closing, they will need to
negotiate with Wabash on continuation or a new rental agreement and accept the removal and return obligation. If buyer does not have a need for the systems – Seller will remove and return.

  

	11.	The following contracts have an annual spend below $50,000, but are either exclusive dealing or requirements contracts or are otherwise necessary for Buyer to conduct
the Business as currently conducted; they constitute Material Contracts that Buyer must assume at Closing: 

  

							
	 Chalmers & Kubeck
	  	National Service
Agreement	  	DC04NS070	  	Storage & Repair of PSV’s. Seller currently has PSV’s stored at C&K. Charge to return PSVs (45 pallets) to Site is 6.600.00 No Cost to leave PSV’s at
C&K.
				
	 Delaware Bay & River Cooperative
	  	Service Agreement	  	DC04086	  	Inspect and Maintain Oil Spill boats & Oil Spill Clean Up. Annual Inspection and Maintenance Costs for 5 boats - DBRC response Yearly fee $3,220.00 also interim Inspection and
Maintenance cost each time accomplished
				
	 Barnhart Crane & Rigging (Hake)
	  	po 4501187218	  		  	PO for rental of storage beams upon which HP Separator is sitting
	 Oce’
	  	Lease Agreement	  		  	Lease TDS 700 Printer Scanner
				
	 Panalytical Inc.
	  	Short Form Work
 Agreement
	  	SA06DC076	  	PMA for X-Unique spectrometer and Helium attachment for period 10/28/2009 to 10/27/2010

							
	 Pennsylvania One Call System Inc.
	  	Service Agreement
– Pipeline	  		  	Pipeline underground notification call center
				
	 Shimadzu Scientific
Instrument
	  	Service Agreement	  	SA05DC159	  	Lab equipment Maintenance
				
	 William Scottsman
	  	Master Equipment
Lease Agreement	  	DC05RS085	  	 Storage Containers & Womens Change
 Trailer Women’s Change Trailer. 10 sea vans/storage containers at Power Plant Seller may reduce the number of leased trailers between Execution Date and Closing Date if it no longer has the need for
them.

  

	12.	The following contracts are “enabling” or “framework” type contracts with no required spend and no other binding obligations, but which Seller
considers critical for the conduct of the Business as heretofore conducted by Seller. These contracts are specific to the Refinery. Buyer will not be obligated to take assignment of any of these contracts, but may wish to do so in order to be able
to use them post-Closing (note that even if Buyer elects not to take assignment of these contracts, Buyer will be required to honor any PO releases or work releases issued against these contracts that are open as of Closing, so long as
Sellers did not issue them in violation of Section 5.1 of the Agreement, except for any PO releases or work releases related to Retained Liabilities, Retained Environmental Liabilities, Excluded Assets and the Scheduled Pre-Closing
Environmental Obligations under the Environmental Agreement, including but not limited to tank obligations as generally described in Exhibit K, which Buyer will not be required to honor): 

 

							
	 Advanced Specialty
	  	National Service
Agreement	  	DC05NS016	  	Insulation Maintenance
				
	 Air Compliance Consultants, Inc.
	  	National Service
Agreement	  	DC05NS007	  	2010 Relative Accuracy Test Audits for Boilers #2, #3, and #4.
				
	 Ambient Air Quality Services, Inc.
	  	Services Agreement
and Consulting
Agreement	  	DC.08.CS.6898	  	Regulatory reporting support
				
	 ARI Environmental
	  	National Service
Agreement	  	DC05NS018	  	RATA and stack testing
				
	 Atlantic Coast Laboratories Inc.
	  	Short Form Work
Agreement	  	SWA06DC070	  	Water NPDES Sampling & Analytical.
				
	 Baycomm Inc.
	  	Short Form Work
Agreement	  	DC.09.SF.7647	  	Radio communication system maintenance
				
	 Catalyst Handling
	  	Work Agreement	  	DC07WA002	  	Inert catalyst dumping

							
	 Cutting Edge
	  	Short Form
Work
Agreement	  	DC07SWA001	  	Mooring of Barges/Ships On Going Services
				
	 Devon Properties
	  	Work
Agreement	  	WA06DC061	  	MARSEC, landscaping, janitorial
				
	 EDM Enviroplan
	  	Consulting
Agreement -
DCR	  	DC06CS4073	  	Coke Monitoring Program 2010.
				
	 EMSI (Eastern Mechanical Services
	  	Short Form
Work
Agreement	  	SWA06DC085	  	Well Services & Inspections (for water permit compliance). WELL NOS. 1,3,4,5,6,9,10,15,16, DRAGON RUN & RED LION.
				
	 J&K Fleet Services
	  	Short Form
Work
Agreement	  	DC07SWA003	  	MAINTENANCE/REPAIRS ON VALERO FLEET VEHICLES AS NEEDED. ALSO, INCLUDES REPAIRS TO SHUTTLEWAGONS & OTHER SERVICES AS DIRECTED
				
	 Kratos Mid Atlantic
	  	Work
Agreement	  	DC.08.ES.7245	  	PERFORM ANNUAL FIRE & SUPPRESSION SYSTEM TESTING AND INSPECTION. KRATOS TO INVOICE ON A QUARTERLY BASIS.
				
	 Miller Environmental Group Inc.
	  	Service
Agreement	  	DC04NS074	  	Emergency Response ONLY
				
	 PCA Engineering
	  	Short Form
Work
Agreement	  	DC06SWA134	  	2010 DNPEC required cathodic protection inspections performed on a bimonthly and annual schedule for all cathodically protected tanks.
				
	 Pine Mountain Springs
	  	Service
Agreement	  	SA06DC004	  	Domestic Water Delivery
				
	 Pioneer Fence Co. Inc.
	  	National
Service
Agreement	  	DC05NS125	  	Fencing Maintenance/Repair Service
				
	 Railroad Construction
	  	Service
Agreement	  	DC05NS126	  	Railroad Repairs and Maintenance Services
				
	 RMB Consulting & Research
	  	Consulting
Agreement	  	CA06DC059	  	EDR Reporting
				
	 RTP Environmental
	  	Consulting
Agreement	  	DC06DC067	  	TEOM Calibrations, Operations Assistance, Routine Data Collection./Reviedw Processing TSP/PM10 Data Reports
				
	 Sealtec A Division of Sealco, Inc
	  	Work
Agreement	  	DC07WA058	  	Benzene/Neshap compliance inspections on stream leak repairs
				
	 Seal-Tech Inc.
	  	Work
Agreement	  	DC07WA110	  	LDAR repair/VOC/steam abatement repair
				
	 Surburban Custodial
	  	Short Form
Work
Agreement	  	10000014182	  	Janitorial Services
				
	 Teksolv Inc.
	  	Work
Agreement	  	DC.09.WA.00035	  	Safety Recue Services, Hole Watch (Dual Use)

							
	 TELFORD TREE EXPERTS
	  	Short Form
Working
Agreement	  	10000014139	  	Right-of-Way clearing
				
	 Vandemark & Lynch Inc.
	  	Engineering
Service
Agreement	  	DC07ES005	  	CWIC soundings at dock
				
	 Waste Technology
	  	Work
Agreement	  	DCRL0415B	  	API Bays and Disposal/hazardous waste disposal Environmental (possible Dual use Contract)
				
	 Environmental Operating Solutions Inc.
	  	PO Only	  	PO 4501802731	  	Supply Food at WWTP which will be stored into two tanks (Baker Tanks) which is stored at the treater PO only, with no minimum purchase obligation..

 Note: Some of the contracts listed in items 10, 11 and 12 of this Section of the Disclosure Schedule may be needed
by Sellers in order to perform their obligations under the Agreement after Closing (e.g. their obligations under Section 8.9 of the Agreement regarding the removal of hydrocarbon inventory from Refinery Tanks). In such event, rather than assign
such contracts to Buyers, Sellers reserve the right to request that the vendors enter into new contracts with the Buyers on the same terms. 
  

	13.	The following Multi-Site Contracts are used by Seller for certain services that Seller believes are critical for the conduct of the Business as currently conducted. As
further provided in Section 8.4 of the Agreement (and subject to the terms thereof), none of these Multi-Sites will be assigned to Buyer; however, Buyer 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 Sellers’ obligations in Section 5.1 of the Agreement and Buyer receives the benefit of the goods or services even if a the contract is not
assigned or a new contract is not entered into. Should Buyer so request, Sellers will provide Buyer with contact information for Sellers’ account representatives at these vendors, so that Buyer may pursue its own contract(s) with them.

  

							
	 Aggreko LLC
	  		  		  	Rental of (3) 40kw heaters for the alky/poly, SRU & CCR control rooms due to loss of steam. Estimated rental to be approx 2 months. Rental of 20ton AC unit with flex duct for
approx 4 months at Hydrocracker for environmental reasons. As provided in Section 5.1 of these Schedules, Sellers reserve the right to cancel all or part of these

							
				
		  		  		  	rental agreements prior to Closing.
				
	 Agilent Technologies
	  		  		  	Repair & Maintenance on GCMS instrument
				
	 Allied Barton
	  		  		  	Security
				
	 Baker Corp
	  		  		  	Rentals (e.g. of Baker tanks)
				
	 Best Access Systems (Stanley Solutions)
	  		  		  	Security System and Locks
				
	 C&W Meter Service Inc.
	  	Master Work
Agreement	  	MWA06DC037	  	Meter Calibration
				
	 Caleb Brett AKA Intertek
	  		  		  	Lab Testing Quarterly at lab and Gasoline testing at gas Stations
				
	 Cat Spec
	  		  		  	Catalyst Dump & Load
				
	 Cintas
	  		  		  	Uniforms, Rugs & Lockers. Sellers do not rent uniforms but rather pay a cleaning fee. There are some lockers that were used for clean/dirty pick up that belong to Cintas.
Sellers are trying to get Cintas to remove them and reserves the right to do so prior to Closing.
				
	 Conti Electric
	  		  		  	Electrical & Instrumentation
				
	 Convergent Technologies
	  		  		  	Access Badge System
				
	 Dresser Rand
	  		  		  	Rotor Storage. Rotors stored with Dresser that are for Del City will be transferred to Buyer. Buyer will have to arrange its own storage agreement or cause them to be delivered to
Buyer.
				
	 Environmental Standards
	  		  		  	PCB Pollutant Minimization Plan and data validation for PCB analytical Prepare annual report.
				
	 GE Mobile Water
	  		  		  	Rental water treatment after April 2010 (Demin Trailers) If Power House starts up this is not needed.
				
	 Hydrochem Industrial Services
	  		  		  	Vacuum Truck Services
				
	 l.D. GRIFFITH, INC.
	  		  		  	Mechanical Contractor

							
				
	 Industrial Scientific
	  		  		  	Detection equipment services
				
	 Invensys
	  		  		  	Foxboro DCS support
				
	 Jordan Technologies
	  		  		  	Vapor Recovery Units Maintenance & Testing
				
	 KoneCranes
	  		  		  	Inspection and Repair of hoist & lifts at piers and all bridge cranes
				
	 Modular Space Corp
	  		  		  	Gym trailer (month-to-month rental) Women trailer 12 x60
				
	 NAPP GRECCO COMPANY
	  		  		  	Repair Pipeline part of Oil Spill Mechanical Contractor
				
	 National Response Corp
	  		  		  	Oil Spill Response
				
	 PH&H
	  		  		  	Vehicle Lease
				
	 PPG
	  		  		  	Caustic for DCPP WTP
				
	 Ricoh
	  		  		  	Lease of Copiers. As noted in Section 5.1 of these Schedules, Sellers reserve the right to cause copiers at the Refinery to be returned to the lessor or relocated to Affiliate
facilities.
				
	 Siemens/US Filter
	  		  		  	Benzene NESHAP carbon canister change outs
				
	 Sulzer Pumps US Inc.
	  		  		  	Repair Pipeline Pumps
				
	 Summit Inspection Services
	  		  		  	LDAR Monitoring
				
	 Veolia
	  		  		  	DNF Sludge processing; API/CPI clean up
				
	 Waste Management
	  		  		  	Non-hazardous waste disposal/transportation
				
	 Western Oil Field
	  		  		  	Rentals
				
	 Xerox
	  		  		  	Copiers. As noted in Section 5.1 of these Schedules, Sellers reserve the right to cause as many ccpies at the Refinery as possible to be returned to the lessor or relocated to
Affiliate facilities.

  

	14.	Access Agreement between Motiva Enterprises LLC and Premcor Refining dated April 30, 2004. 

 

	15.	Purchase Order No. 4501381966 issued to Harbison-Walker Refractories Co. on 2/7/2008 for refractory brick storage and transportation. Please also refer to Schedule
1.1(c) for more information. 

  

	16.	The following three agreements, under each of which we believe the lessor/licensor is currently Norfolk Southern Railroad Company (formerly known as Conrail, successor
to The Pennsylvania Railroad Co.); Sellers have no evidence that any of these were ever properly assigned to Premcor Refining, but Premcor Refining has been paying the relevant fees under the agreements and to our Knowledge the railroad has been
accepting payment without objection. 

  

	 	a.	Lease – Tenancy at Will, dated April 25, 1958, between The Pennsylvania Railroad Company and Tidewater Oil Company, Inc., assigned by Tidewater Oil Company,
Inc. to Getty Oil Company by Assignment dated, September 30, 1967 (with railroad consent), and further assumed by Star Enterprise (with railroad acknowledgment) by letter from Conrail to Texaco Refining & Marketing, Inc., dated
December 13, 1988. RR Contract No. 245-048. 

  

	 	b.	License Agreement, dated April 23, 1999, between Consolidated Rail Corporation and Motiva Enterprises, LLC. RR Contract No. 334-424. 

 

	 	c.	License Agreement, dated April 29, 1999, between Consolidated Rail Corporation and Motiva Enterprises, LLC. RR Contract No. 334-432. 

 

	17.	The agreements listed as items 2 and 4 in Section 3.6(b) of Schedule A of the Environmental Agreement and the “Motiva Environmental Agreement” as defined
in Section 3.5 of the Environmental Agreement. The extent to which the foregoing may become Assigned Contracts is governed by the terms of the Environmental Agreement. 

 Section 3.5(b) 

Excluded Contracts 
  

	1.	Any contracts or agreements that are solely between or among Valero Energy Corporation and/or any of its Affiliates (including the Sellers). 

 

	2.	Any Valero Energy Corporation insurance policies, insurance programs or other types of insurance coverage. 

 

	3.	Any guarantees or similar agreements made or entered into by Valero Energy Corporation or any of its Affiliates. 

 

	4.	Any contracts related exclusively to the Excluded Assets 

  

	5.	All contracts for the sale or purchase of any petroleum products. 

  

	6.	All Carrier Access Agreements of Seller. 

  

	7.	Section 8.10(e)(i) of these Schedules lists certain software licenses that are excluded from the Assets to be transferred. 

 

	8.	All Multi-Site Contracts, subject to the provisions of Section 8.4 of the Agreement relating to Buyer’s obligation to honor certain obligations outstanding as
of Closing. 

  

	9.	FERC Market Based Rate (“MBR”) authority held by Premcor Refining and Valero Power Marketing (VPM). 

 

	10.	The following seven purchase orders (identified by number) issued by Premcor Refining to Perry Products (provided that these may become Assigned Contracts as provided
in Section 2.2(f) of these Schedules): 

  

					
	 4501721407
	  	4501759311	  	4501745936
	 4501745938
	  	4501792884	  	4501758315
	 4501791994
	  		  	

  

	11.	The Motiva Agreement 

 Section 3.6 

Authorizations 
  

	1.	Sellers were recently advised by their local surveying / civil engineering firm that the petroleum coke silos built by Premcor Refining may not have, and may require,
certificates of occupancy. 

 Section 3.7 

Compliance with Law 

None 

 Section 3.8 

Litigation 
 Asbestos
- Benson, Jeffrey Scott v. A.W. Chesterton: [REDACTED] 
 Asbestos - Jones, Diane v. American Standard, et al.: [REDACTED]

 Athos I Spill- Delaware City Claim: [REDACTED] 
 Compliance Marketing, Inc. v. DISA, VEC, et al: [REDACTED] 
 DCR - LIT - WCEC Claim re:
Methanol Plant Asbestos Disposal: [REDACTED] 

 DCR Pneumatic Conveyor (LBI Lawsuit): [REDACTED] 

Delaware City—Demand from Trustees the Millwrights & Machinery Erectors Local Union No. 1545 Pension Plan: [REDACTED]

 Delaware City General Grievances: [REDACTED] 
 Delaware Unclaimed Property Audit: [REDACTED] 
 DuPont Red Lion Plant Dispute:
[REDACTED] 
 Esmon Rushing, Jr. vs. Valero Energy Corporation: [REDACTED] 

 Lattanzi/Ferguson-Delaware City Contractor Deaths 11/05/05: [REDACTED] 

MTBE Litigation: Valero and its affiliates are parties to a number of cases involving claims of contamination based on the marketing and supply of
gasoline containing MTBE, which may or may not have originated in Valero refineries, including the subject of this transaction. The list of pending MTBE matters involving Valero or its affiliates is as follows, and several are noted as
“settlement pending” due to a recent settlement: 
 a. City of Fresno v. Chevron, USA, Inc., et al, 04 CV-04973
: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar Inc.; Valero Marketing and Supply Company; Valero Refining Company-California. 
 b. City of Pomona v. Chevron, USA, Inc., et al., C 08-03214: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar, Inc.; Valero Energy Corporation; Valero
Marketing and Supply Company; Valero Refining Company - California. 
 c. Crescenta Valley Water District v. Exxon Mobil
Corporation, et al, 07 CV 9453: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar, Inc; Valero Refining Company-California; Valero Marketing and Supply Company. 

d. Orange County Water District vs. Unocal Corporation, et al, 04 CV 4968: MDL 1358 - U.S. District Court, Southern District of New
York; Valero Parties: Ultramar Inc.; Valero Refining Company-California; Valero Marketing and Supply Company. 
 e. The People
of the State of California, et al v. Unocal Corporation, et al, 04-CIV-4972: Superior Court of Sacramento County, California; Valero Parties: Ultramar Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company
- California. 

 f. City of Crystal River v. Amerada Hess Corporation et al, 5:07cv120: MDL 1358 -
U.S. District Court, Southern District of New York; Valero Parties: Colorado Refining Company; TPI Petroleum, Inc; Valero Energy Corporation; Valero Marketing And Supply Company; Valero Refining And Marketing Company; Valero Refining Company. The
Premcor Refining Group. Settlement pending. 
 g. City of Inverness Water District v. Amerada Hess Corporation et al,
5:07cv114 : MDL 1358 - U.S. District Court, Southern District New York; Valero Parties: Colorado Refining Company; TPI Petroleum, Inc; Valero Energy Corporation; Valero Marketing And Supply Company; Valero Refining And Marketing Company; Valero
Refining Company. The Premcor Refining Group. Settlement pending. 
 h. City of Tampa Bay Water District v. Amerada Hess
Corporation et al, 8:07cv516: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Colorado Refining Company; TPI Petroleum, Inc; Valero Energy Corporation; Valero Marketing And Supply Company; Valero Refining And
Marketing Company; Valero Refining Company. The Premcor Refining Group. Settlement pending. 
 i. Homosassa Water District v.
Amerada Hess Corporation et al, 5:07cv113 : MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Colorado Refining Company; TPI Petroleum, Inc; Valero Energy Corporation; Valero Marketing And Supply Company; Valero
Refining And Marketing Company; Valero Refining Company. The Premcor Refining Group. Settlement pending. 
 j. Village of
Roanoke v. Ashaland Inc. et al, No. 09-L-09: Circuit Court of Woodford County, Illinois; Valero Parties: Colorado Refining Company; The Premcor Refining Group, Inc; Valero Energy Corporation; Valero Marketing and Supply Company; Valero
Refining Company; Valero Refining and Marketing Company. 
 k. State of New Hampshire v. Amerada Hess Corporation et al,
04-Civ-4976: Superior Court of Merrimack County, New Hampshire; Valero Parties: Ultramar Energy, Inc.; Ultramar Limited; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining-Texas, LP; Valero Refining Company - New Jersey;
Valero Refining Company-Louisiana. 
 l. New Jersey Department of Environmental Protection v. Atlantic Richfield Company et
al., 08-CV-0312: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar Energy, Inc.; Ultramar Limited; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The
Premcor Refining Group 
 m. Aqua New York of Sea Cliff, Inc. v. Amerada Hess Corporation, et al., 09-012288: Supreme
Court of Nassau County, New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group. Settlement pending. 

n. Bethpage Water District v. Amerada Hess Corporation et al., 09-006085: Supreme Court of Nassau County, New York; Valero Parties:
Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group. Settlement pending. 

 o. Carle Place Water District v. Atlantic Richfield Company, et al, 03-CV-10053: MDL
1358 - U.S. District Court, Southern District of New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group. Settlement pending. 

p. City of Glen Cove Water District v Amerada Hess. Corporation et al, 009-006082: Supreme Court of Nassau County, New York; Valero
Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Texas. The Premcor Refining Group Inc. Settlement pending. 

q. City of Greenlawn Water District v. Amerada Hess Corp, et al, 09-12465: Supreme Court of Suffolk County, New York; Valero
Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Texas. The Premcor Refining Group Inc. Settlement pending. 

r. City of Oyster Bay v. Amerada Hess Corporation, et al, 09-012287: Supreme Court of Nassau County, New York; Valero Parties:
Colorado Refining Company; TPI Petroleum, Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company; Valero Refining and Marketing Company. Settlement pending. 

s. Garden City Park v. Amerada Hess Corporation et al, 09-012284: Supreme Court of Nassau County, New York; Valero Parties:
Colorado Refining Company; TPI Petroleum Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

t. Hampton Bays Water District v. Amerada Hess Corporation et al., 09-21849: Supreme Court of Suffolk County, New York; Valero
Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

u. Incorporated Village of Garden City v., Amerada Hess Corporation et al., 09-006079 (New case): Supreme Court of Nassau County,
New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

v. Incorporated Village of Mineola v. ARCO et al, 03-CV-10051: MDL 1358 - U.S. District Court, Southern District of New York;
Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group Inc. 
 w. Manhasset-Lakeville Water District v. Amerada Hess Corporation et al., 09-006089: Supreme Court of Nassau County, New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply
Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

 x. Plainview Water District v. Amerada Hess Corporation, et al., 09-006090: Supreme
Court of Nassau County, New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Texas. The Premcor Refining Group Inc. Settlement pending. 

y. Riverhead Water District v. Amerada Hess Corporation, et al., 09-12466: Supreme Court of Suffolk County, New York; Valero
Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

z. South Farmingdale Water District v. Amerada Hess Corporation et al. 09-006087 (New case): Supreme Court of Nassau County, New
York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

aa. South Huntington Water District v. AGIP Inc. et al, 09-12467: Supreme Court of Suffolk County, New York; Valero Parties: Valero
Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - Texas; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

bb. Town of East Hampton (NY), et al v. Atlantic Richfield Company, 03-CV-10056: MDL 1358 - U.S. District Court, Southern District
of New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

cc. Town of Huntington/Dix Hills Water District v. Amerada Hess Corporation et al, 09-12468: Supreme Court of Suffolk County, New
York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Texas. The Premcor Refining Group Inc. Settlement pending. 

dd. Town of Southampton v. Atlantic Richfield Company et al, 03-CV-10054: MDL 1358 - U.S. District Court, Southern District of New
York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 
 ee. Village of Hempstead v. Amerada Hess Corporation et al, 03-CV-10055: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Valero Energy Corporation; Valero Marketing
and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 
 ff. West
Hempstead Water District v. Atlantic Richfield Company et al, 03-CV-10052: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and
Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

 gg. Westbury Water District v. Atlantic Richfield Company et al, 03-CV-10057: MDL
1358 - U.S. District Court, Southern District of New York; Valero Parties: Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group Inc. Settlement pending. 

hh. Great Oaks Water District v. USA Petroleum Corporation, et al., 1-07-CV-079405: Superior Court of Santa Clara County,
California; Valero Parties: Valero Marketing and Supply Company; Valero Refining Company California; Ultramar Inc. 
 [REDACTED] EEOC
17C-2008-01354: [REDACTED] 
 Premcor v. Matrix Service Industrial Contract (Lattanzi/Ferguson): [REDACTED] 

[REDACTED] claim (accident at Reformer Unit on 11/11/08): [REDACTED] 
 [REDACTED] vs. VEC: [REDACTED] 
 [REDACTED] 09/25/07 Incident - [REDACTED] 

 Valero Claims Management, Inc. (“VCMI”) Claims: This is a list of VCMI open claims by
claimant and type of coverage. Some of the more significant claims overlap with other items on this schedule. 
  

							
				
	 Claim No
	  	Claimant	 	Loss Date	  	 
	APD	  		 		  	
				
	1.150992.1.APD	  	[REDACTED]	 	06/02/2009	  	[REDACTED]
				
	1.150994.1.APD	  	[REDACTED]	 	10/22/2009	  	[REDACTED]
				
	1.150993.1.APD	  	[REDACTED]	 	11/09/2009	  	[REDACTED]
				
	Totals For APD – 3
 Claims
	  		 		  	
				
	GL	  		 		  	
				
	1.138290.1.GL	  	[REDACTED]	 	08/29/2005	  	[REDACTED]
				
	1.129510.1.GL	  	[REDACTED]	 	11/06/2005	  	[REDACTED]
				
	1.129511.1.GL	  	[REDACTED]	 	11/06/2005	  	[REDACTED]
				
	1.135306.1.GL	  	[REDACTED]	 	11/29/2005	  	[REDACTED]
				
	1.129861.1.GL	  	[REDACTED]	 	02/09/2006	  	[REDACTED]
				
	1.130546.1.GL	  	[REDACTED]	 	07/20/2007	  	[REDACTED]
				
	1.137969.1.GL	  	[REDACTED]	 	09/25/2007	  	[REDACTED]
				
	1.137969.1.GL	  	[REDACTED]	 	09/25/2007	  	[REDACTED]
				
	1.138492.1.GL	  	[REDACTED]	 	04/12/2008	  	[REDACTED]
				
	1.143613.1.GL	  	[REDACTED]	 	11/11/2008	  	[REDACTED]
				
	1.142650.1.GL	  	[REDACTED]	 	11/24/2008	  	[REDACTED]
				
	1.142651.1.GL	  	[REDACTED]	 	11/24/2008	  	[REDACTED]
				
	1.143007.1.GL	  	[REDACTED]	 	12/21/2008	  	[REDACTED]
				
	1.142721.1.GL	  	[REDACTED]	 	12/31/2008	  	[REDACTED]
				
	1.145811.1.GL	  	[REDACTED]	 	05/08/2009	  	[REDACTED]
				
	1.150133.1.GL	  	[REDACTED]	 	12/28/2009	  	[REDACTED]
				
	1.151066.1.GL	  	[REDACTED]	 	02/19/2010	  	[REDACTED]
				
	Totals for GL – 15	  		 		  	

							
	 Claims
	  	 	  	 	  	 
	 PL
	  		  		  	
				
	 1.145573.1.PL.
	  	[REDACTED]	  	05/04/2009	  	[REDACTED]
				
	 1.145573.1.PL.
	  	[REDACTED]	  	05/04/2009	  	[REDACTED]
				
	 1.145573.1.PL.
	  	[REDACTED]	  	05/04/2009	  	[REDACTED]
				
	 1.145573.1.PL.
	  	[REDACTED]	  	05/04/2009	  	[REDACTED]
				
	 1.145573.1.PL.
	  	[REDACTED]	  	05/04/2009	  	[REDACTED]
				
	 1.145573.1.PL.
	  	[REDACTED]	  	05/04/2009	  	[REDACTED]
				
	 Totals For PL – 1

Claims
	  		  		  	
				
	 PR
	  		  		  	
				
	 1.146192.1.PR
	  	[REDACTED]	  	05/29/2009	  	[REDACTED]
				
	 1.149638.1.PR
	  	[REDACTED]	  	11/24/2009	  	[REDACTED]
				
	 Totals For PR – 2

Claims
	  		  		  	
				
	 WC
	  		  		  	
				
	 1.129120.1.WC
	  	[REDACTED]	  	12/09/2004	  	[REDACTED]
				
	 1.129381.1.WC
	  	[REDACTED]	  	04/12/2006	  	[REDACTED]
				
	 1.134912.1.WC
	  	[REDACTED]	  	09/12/2007	  	[REDACTED]
				
	 1.142086.1.WC
	  	[REDACTED]	  	11/20/2008	  	[REDACTED]
				
	 1.142192.1.WC
	  	[REDACTED]	  	11/27/2008	  	[REDACTED]
				
	 1.142701.1.WC
	  	[REDACTED]	  	01/03/2009	  	[REDACTED]
				
	 1.143753.1.WC
	  	[REDACTED]	  	03/01/2009	  	[REDACTED]
				
	 1.145507.1.WC
	  	[REDACTED]	  	04/02/2009	  	[REDACTED]
				
	 1.150847.1.WC
	  	[REDACTED]	  	07/18/2009	  	[REDACTED]
				
	 1.147831.1.WC
	  	[REDACTED]	  	08/18/2009	  	[REDACTED]
				
	 1.149496.1.WC
	  	[REDACTED]	  	11/21/2009	  	[REDACTED]
				
	 1.150116.1.WC
	  	[REDACTED]	  	12/24/2009	  	[REDACTED]
				
	 1.150393.1.WC
	  	[REDACTED]	  	01/12/2010	  	[REDACTED]
				
	 Totals For WC – 13

Claims
	  		  		  	
		
	 Totals For CCM50150 - DELAWARE CITY

REFINERY – 35 Claims
	  	

 Section 3.9 

Insurance 

Policy Schedule 
 As of 03/02/2010 

							
				
	 Coverage Description
	  	 Company
	  	 Policy No.
	  	 Policy Term

	 Primary Casualty Program
Business Automobile
	  	Ace American Insurance Company	  	ISA H08578230	  	05/01/09-05/01/10
	 Workers Compensation (AOS)
	  	Ace American Insurance Company	  	WLR C4569723A	  	05/01/09-05/01/10
	 Excess WC (Qualified Self Insured)
	  	Ace American Insurance Company	  	WCU C45697253	  	05/01/09-05/01/10
	 General Liability
	  	Ace American Insurance Company	  	XSLG24930646	  	05/01/09-05/01/10
	 Workers Compensation (NJ)
	  	Ace American Insurance Company	  	SCF C45697241	  	05/01/09-05/01/10
				
	 Marine Liability
	  	Colonnade Vermont Insurance Company	  	TBD	  	05/01/09-05/01/10
				
	 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
	  	05/01/09-05/01/10
				
	 Pollution Liability 

Primary – $80mm
	  	American International Specialty Lines	  	PLS1956435	  	01/31/04-01/31/14
	 Excess – $50mm
	  	Indian Harbor Insurance Company	  	XEC0015864	  	01/31/04-01/31/14
				
	 Property Program

$50 million Property Damage / 60 days Business Interruption ($25 million minimum), with an additional $125 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	  	06/01/09-06/01/10
				
	 Marine Cargo

Primary
	  	Southern Marine, CV Starr	  	SM4-1381, CHS 00034 US 09	  	11/01/09-11/01/10
	 $20mm po $50mm Excess
	  	Southern Marine	  	63510	  	11/01/09-11/01/10
	 ROCIP
	  	Ace American Insurance Company	  	WLR C45553279	  	08/01/08-08/01/10

 Section 3.11 

Seller Plans 

Non-Represented Employees and IBEW Represented Employees 
 Valero Energy Corporation Pension Plan 

	 	•	 	 Defined benefit plan 

Valero Energy Corporation Thrift Plan 

	 	•	 	 401(k) 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) 

Premcor Pension Plan 

	 	•	 	 Defined benefit 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. 

 USW Represented Employees 
 Premcor Pension Plan 

	 	•	 	 Defined benefit plan 

Premcor Retirement Savings Plan 

	 	•	 	 401(k) Plan 

 Premcor
Restoration Plan 
 Premcor Group Life & Major Medical Plan 

	 	•	 	 Medical 

	 	•	 	 Prescription Drug 

	 	•	 	 Dental 

	 	•	 	 Basic Life & AD&D 

	 	•	 	 Vision 

	 	•	 	 Short-Term Disability 

	 	•	 	 Long-Term Disability 

	 	•	 	 Health FSA 

	 	•	 	 Dependent Care FSA 

 Section 3.12(a) 

Collective Bargaining Agreement Memoranda and Letters of Understanding 
 USW 
 PBRP Policy 
 Attendance Policy 
 VPP Coordinator Agreement 

HSE Rep Agreement (including TOP) X 2 
 Machinery
Specialist Agreement 
 Analyzer Specialist Agreement 
 Annual Discretionary Bonus Letter 
 IBEW 

Drug Policy Self ID Program 
 Annual
Discretionary Bonus Letter 

 Section 3.12(b) 

Labor Disputes 
  

	1.	EEOC Charge No. 17C-2008-01354; Delaware Depart of Labor Division of Industrial Affairs Office of Anti-Discrimination Case No. 08100548W 

[REDACTED] 

 Section 3.13 

Intellectual Property 
  

	1.	Buyer may need to enter into an appropriate transfer agreement or new license with each of the following licensors for the following technology that was employed at the
Refinery prior to the Shutdown, to the extent that Buyer desires to operate any Refinery process units incorporating such technology. 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 prior Refinery owners to Premcor Refining.

  

					
	 Licensor
	  	 License Description
	  	 Current Licensee

			
	 Air Products
	  	 Houdry Process

  

FCC and Houdry Reforming Process
	  	Star Enterprises*
			
	 Amoco
	  	Sulfur Recovery Unit	  	Star Enterprises*
			
	 Cansolv
	  	Cansolv Process	  	The Premcor Refining Group Inc.
			
	 Axens (formerly Englehard)
	  	HPN Process IVB	  	Star Enterprises*
			
	 Eickneyer & Associates
	  	Catacarb Process	  	Star Enterprises*
			
	 Exxon-Mobil Research and Engineering (EMRE)
	  	 Fluid Coking Process

  

FLEXORB solvent for the Sulfur Plant
	  	The Premcor Refining Group Inc.
			
	 GE Energy (formerly Chevron Texaco)
	  	Gasification Process	  	The Premcor Refining Group Inc.
			
	 Lummus Technology Inc.
	  	Micro-Jet FCC Feed Injectors	  	The Premcor Refining Group Inc.
			
	 Merichem
	  	Oxidation of Sulfur Compounds, Extraction of Sulfur Compounds under the names MERICATTM, MERIFININGTM, and REGENTM	  	Motiva Enterprises LLC*
			
	 Shaw Chemicals (formerly Stone & Webster)
	  	 Fluid Catalytic Cracking

  

Riser Quench Technology
	  	The Premcor Refining Group Inc.
			
	 UOP
	  	
Beavon-StretfordTM Unit

  
 ButamerTM Process Unit
	  	The Premcor Refining Group, Inc.

					
		  	 Catalytic Condensation Process Unit
  

MeroxTM Process
(Alkyl Feed, C3/C4, Crude Naphtha) Units
  
 MeroxTM Process (Butadiene) Unit
  

CCR PlatformingTM
Process Unit
  
 Fixed-Bed Platforming Process Unit

 
 TetraTM Process Unit
  
 UDEXTM Process Unit

 
 UnicrackingTM Process Unit
  
 UnifiningTM Process Units
	  	
			
	 Miscellaneous
	  	Various processes, as listed in Schedule
16.04(a) to the Motiva Agreement	  	Unknown*

  

	 	*	Items marked with an asterisk are listed in Schedule 16.04(a) to the Motiva Agreement, wherein Motiva listed certain technology rights that it had agreed to transfer to
Premcor Refining; however, Sellers can find no record of these licenses having been formally assigned from Motiva (or one of its predecessors, such as Star Enterprises) to Premcor Refining. 

 

	 	Also, Schedule 16.04(b) to the Motiva Agreement listed certain non- assignable licensed technology rights. Sellers do not know if Motiva entered into a sublicense or
other form of arrangement to enable Premcor Refining to enjoy the benefits of such 1icenses 

  

	 	In Section 16.04(c) to the Motiva Agreement, the parties acknowledged that other licensed technology rights relevant for the operation of the Refinery may have
been omitted from the Schedules to the Motiva Agreement, and Motiva agreed that where the exclusion of such rights would have a Material Adverse Effect (as such term was defined in the Motiva Agreement) on the internal operations of the Refinery,
Motiva would use commercially reasonable efforts to transfer such rights to Premcor Refining. Sellers have no information regarding whether or not any such rights were ever identified and, if so, whether Motiva endeavored to transfer them.

  

	2.	Pursuant to Section 16.01 of the Motiva Agreement, Motiva granted Premcor Refining a non-exclusive, irrevocable (except as provided in Article XVI of the Motiva
Agreement) royalty-free, paid-up license or sublicense (both without a right to sublicense or transfer except as noted below) “to Intellectual Property, which exists as of the Effective Time and which is or has been in Use in the
Operations” (capitalized terms have the meanings assigned to them in the Motiva 

	 	
Agreement). Under the terms of said Section 16.01, Premcor Refining was required to assume the relevant duties and obligations of Motiva under the Technology Transfer Agreement attached as
Exhibit “I” to the Motiva Agreement. Section 16.02 of the Motiva Agreement clarifies that for the purpose of the grant under Section 16.01(a) of the Motiva Agreement, sublicense of Intellectual Property by Motiva did not include
any intellectual property outside the grant of Section 2 of the TTA. Pursuant to Section 16.03 of the Motiva Agreement, Premcor Refining is entitled to assign the foregoing-described license granted under Section 16.01 of the Motiva
Agreement to Buyer, subject to “outstanding obligations to third parties and subject to an assumption in writing of the relevant duties and obligations under the applicable portions of Article XVI of the Motiva Agreement. As further provided in
Section 8.10 of the Agreement, Premcor Refining’s transfer to Buyer of Intellectual Property rights granted under Section 16.01 of the Motiva Agreement is being made subject to the foregoing. Please refer to the full text of Article
XVI of the Motiva Agreement for more details regarding the grant of Intellectual Property rights from Motiva to Premcor Refining. 

  

	3.	Premcor Refining 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. It is Sellers’ intent to include any such
intellectual property in the Assets to the extent within Sellers’ right, but Sellers make 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. 

  

	4.	See Section 8.10 of these Schedules for information regarding certain software applications have been used in connection with the Business that will not be
transferred to Buyer. 

  

	5.	Trademarks and tradenames owned or used by Seller and/or Seller’s Affiliates are Excluded Assets and are not included in the Intellectual Property.

 Section 5.1 

Operation of Business 
  

	1.	Seller leases certain office equipment (copiers and scanners) under Multi-Site Contracts with Xerox and Ricoh. Seller intends to non-renew as many of such leases as
possible or cancel such leases where Seller can do so without penalty. In addition, Seller may seek to relocated any such equipment that cannot be taken off lease to other facilities owned by Affiliates of Seller. To the extent that Seller is unable
to non-renew or cancel such leases as to any such equipment, and does not relocate such equipment to other facilities of its Affiliates, Buyer will be required to honor such leases (as to equipment available for Buyer’s use at the Refinery
only) for the balance of the lease term pending as of the Closing Date. Seller will not extend any lease terms on any of this equipment beyond the current terms. 

 

	2.	Seller leases the following from Aggeko on short term (under 4 month) lease terms under a Multi-Site Agreement: (i) three 40kw heaters for the alky/ploy, SRU and
CCR control rooms, and (ii) a 20 ton AC unit for the crude satellite building. Seller reserves the right to terminate these leases at any time and return the rental equipment Aggreko. If the leases cannot be terminated without penalty prior to
Closing, Buyer shall be obligated to honor the leases for the balance of the term. 

 Section 5.10 
 Certain Equipment on Order from Perry Products 
  

																									
	 Purchase
Order
	  	Line #	 	  	Item	  	Description	 	Cost	 	 	Amount Paid	 	 	Cancellation
payment (for
work prior to
cancellation)	 	 	Status	 	 Comments
/
Expected
Delivery
Date

	4501721407	  	 	1	  	  	40-E 50 A&B	  	(2) FHTB-48-
156 Square
Foot Heat
Exchangers	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	95% complete	 	Resid Cooler project. Items will be completed at the end of March and then delivered
									
		  	 	2	  	  	additional
handling and
fabrication
restart cost	  		 	$	[REDACTED	] 	 				 	$	[REDACTED	] 	 	.	 	
									
	4501759311	  	 	1	  	  	27-E-637	  	FHTB-29-
2527 Square
Foot Heat
Exchangers	 	$
	[REDACTED
	] 
	 	 
 	[REDACTED
 	] 
  	 	$	[REDACTED	] 	 	All
engineering
has been
completed and
materials
purchased	 	Poly Alky Unit (Maintenance work)
									
	4501745936	  	 	1	  	  	27-F-1 C	  	FHTB-40-
3848 Square
Foot Heat
Exchangers	 	$	[REDACTED	] 	 	 
 	[REDACTED
 	] 
  	 	$	[REDACTED	] 	 	All
engineering
has been
completed and
materials
purchased	 	Poly Alky Unit (Maintenance work)

																											
	4501745938	  	 	1	  	  	 	27-E-1D	  	  	FHTB-3848
Square Foot
Heat
Exchangers	  	$	[REDACTED	] 	 	 
 	[REDACTED
 	] 
  	 	$	[REDACTED	] 	 	All
engineering
has been
completed and
materials
purchased.	  	FCC/APU Unit (Maintenance work)
									
	4501792884	  	 	1	  	  	 	27-E-9	  	  	FHTB-48 20’-0
Long floating
head tube
bundle with flo
head	  	$	[REDACTED	] 	 	$
 $
	[REDACTED
 [REDACTED
	] 
 ] 
	 	$	[REDACTED	] 	 	All
engineering
has been
completed and
materials
purchased.	  	Poly Alky Unit (Maintenance work)
									
	4501758315	  	 	1	  	  	 	27-E-707	  	  	FHTB-28-1263
square foot
heat exchanger
tub bundles	  	$	[REDACTED	] 	 	 
 	[REDACTED
 	] 
  	 	$	[REDACTED	] 	 	All
engineering
has been
completed and
materials
purchased.	  	Poly Alky Unit (Maintenance work)
									
	4501791994	  	 	1	  	  	 	27-E-9	  	  	48” Diameter
Channel Box	  	$	[REDACTED	] 	 	 
 	[REDACTED
 	] 
  	 	$	[REDACTED	] 	 	Engineering
only has been
completed	  	Poly Alky Unit (Maintenance work)

 Section 7.1 

Employee Matters 
 Section 7.1 Termination of Employees: Successorship Obligations. 
 (a)
Neither VSI nor Sellers shall have any obligation to retain any Employees. VSI shall terminate each Employee prior to the Closing Date, except that (i) VSI reserves the right to retain Jim Schaaf, Pat Kennedy, Heather Chelpaty, Aaron Vahid, and
Shannon Eggers, should such Employees and VSI so agree, and (ii) VSI shall notify Buyers prior to Closing of any other Employees that VSI will not terminate. 
 (b) Buyers have no obligation to hire any of Sellers or their Affiliates’ current Employees or Former Employees, but Buyers may do so in their sole and exclusive discretion. 

(c) Buyer agrees (i) that it shall recognize the United Steelworks (“USW”) as the exclusive representative for the
Employees in the bargaining unit covered by the USW Collective Bargaining Agreement, and (ii) subject to any limitations imposed by Law, Buyer shall adopt the USW Collective Bargaining Agreement and all applicable memoranda and letters of
understanding, all of which shall remain in full force and effect during their respective current terms, except for changes permitted under the USW Collective Bargaining Agreement, applicable memoranda or letters of understanding or as may be
mutually agreed to between the Buyer and the USW. Buyer has advised Seller that Buyer has recognized the USW and has negotiated a new collective bargaining agreement including benefits with the USW that Buyer believes meets Buyer’s obligations
in the immediately preceding sentence. Buyer shall provide Sellers with a copy of all relevant signed agreements between the Buyer and the USW that satisfy Buyer’s obligations in this paragraph. 

(d) Except to the extent that the IBEW Local 1238 and Buyer may otherwise agree in writing, or that Buyer is determined by the
appropriate Governmental Authority not to be a Successor by operation of law or contract, Buyer agrees (i) that it shall recognize the IBEW Local 1238 union as the exclusive representative for the Employees in the bargaining units covered by
the IBEW Collective Bargaining Agreement, and (ii) subject to any limitations imposed by Law, Buyer shall assume the IBEW Collective Bargaining Agreement and all applicable memoranda and letters of understanding in effect at Closing. Buyer
shall provide Sellers with a copy of all applicable judgments, awards, decisions or agreements between the Buyer and the IBEW Local 1238 union that fulfill or discharge the obligations set forth above, and Buyer agrees to fully comply with same.
Buyer’s agreement to the foregoing covenants in this Section 7.1(d) are without prejudice to Buyer’s rights to contest in good faith in any dispute between it and IBEW Local 1238 that Buyer is not a Successor by law, or by contract to
the Collective Bargaining Agreement between Seller and IBEW Local 1238. 
 Section 7.2 Liabilities and Indemnities.

 (a) Sellers shall be responsible for, and shall defend and indemnify the Buyer Indemnitees from and against, all Claims and
Losses arising out of or relating to or arising from all matters concerning Employees and Former Employees prior to the Closing Date, even if such 

 
Claims and Losses are asserted on or after the Closing Date, including without limitation the hiring, employment, events occurring during employment and termination of employment of the Employees
and Former Employees, the Collective Bargaining Agreements and any other agreement or understanding with the Union, grievances, Obligations under all employee related benefit plans and programs, Seller Plans, worker compensation Laws, unemployment
compensation, Social Security, pension, vacation, medical, dental, disability, death benefits, Laws regarding discrimination, harassment, 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”) that may become applicable with respect to the termination of Employees and Former Employees by VSI prior to or at the time of Closing; provided, however, for the
avoidance of doubt, the foregoing indemnification by Sellers shall not extend to Claims for which Buyers are providing indemnification pursuant to clauses (ii) and (iii) of Section 7.2(b) of this Schedule. 

(b) Buyers shall be responsible for, and Buyers shall defend and indemnify the Seller Indemnitees from and against, all Claims and Losses
arising out of (i) Buyers’ failure to comply with their obligations under Section 7.1(c) and Section 7.1(d) of this Schedule, or (ii) any Claims by IBEW Local 1238 that Premcor Refining (or VSI, as the successor to Premcor
Refining as the employer of the Employees) breached the provision in the IBEW Collective Bargaining Agreement requiring them to “as a condition of any sale [of the Refinery] require that any subsequent Buyer/Operator recognize the Union as the
exclusive bargaining representative of all affected bargaining-unit employees and assume the Collective Bargaining Agreement (CBA), for those affected BU employees” by reason of this Agreement or the consummation of any of the transactions
contemplated hereby, or (iii) any Claim by the USW similar to those that might be brought by the IBEW as described in the foregoing clause (ii), above, to the effect that Premcor Refining or VSI failed to honor any successorship obligations
under the USW Collective Bargaining Agreement by reason of this Agreement or the consummation of any of the transactions contemplated hereby. 

 Section 8.5 

Part I – Vehicles 
  

											
	 Unit #
	  	Contract Type	  	 VIN
	  	Year	  	Make	  	 Model

	 739
	  	Owned	  	P739	  		  	SPAR	  	TOWER LDR TRK
	 1300
	  	Owned	  	L0NCJMD901300	  		  	FIRE	  	TANKER FIRE TK
	 3422
	  	Owned	  	4EN3AAA8571003422	  		  	FIRE	  	FIRE DEPT
	 7048
	  	Owned	  	1FDAF56P07EA84978	  	2007	  	FORD	  	F550 SD CHASSIS 2W
	 7250
	  	Owned	  	1HTMMAAN76H307250	  	2006	  	INTE	  	4300
	 8176
	  	Owned	  	1FTRF14W98KE91128	  	2008	  	FORD	  	F150
	 8181
	  	Owned	  	1FTRF14W68KE91135	  	2008	  	FORD	  	F150
	 8183
	  	Owned	  	1FTRF14W28KE91133	  	2008	  	FORD	  	F150
	 9260
	  	Owned	  	4EN3AAA84W1009260	  		  	FIRE	  	PUMPER TRK
	 9460
	  	Owned	  	P9460	  		  	FIRE	  	PUMPER FIRE TK
	 00057
	  	Owned	  	1FTRF12W99KA62057	  	2009	  	FORD	  	F150
	 12081
	  	Owned	  	1FDNF70J3NVA14115	  	1992	  	FORD	  	FORD-MT
	 12082
	  	Owned	  	1FDNF70J5NVA14116	  	1992	  	FORD	  	FORD-MT
	 12600
	  	Owned	  	1FDXK84EXPVA32072	  	1993	  	FORD	  	FORD-MT
	 13187
	  	Owned	  	1FTNF20L6XEE74526	  	1999	  	FORD	  	F250SD
	 14684
	  	Owned	  	1FDXK84E3RVA16167	  	1994	  	FORD	  	FORD-MT
	 14707
	  	Owned	  	1FDZY90T8SVA09237	  	1994	  	FORD	  	FORD-HT
	 15046
	  	Owned	  	1FTNX21S9YEE26166	  	2000	  	FORD	  	F250SD
	 15047
	  	Owned	  	2FTZF0723YCA67810	  	2000	  	FORD	  	F150
	 15048
	  	Owned	  	2FTZF0725YCA67811	  	2000	  	FORD	  	F150
	 15049
	  	Owned	  	2FTZF0720YCA67814	  	2000	  	FORD	  	F150
	 15050
	  	Owned	  	2FTZF0729YCA67813	  	2000	  	FORD	  	F150
	 15051
	  	Owned	  	2FTZF0727YCA67812	  	2000	  	FORD	  	F150
	 20057
	  	Owned	  	1FDKF37F9TEA46187	  	1996	  	FORD	  	F350
	 20134
	  	Owned	  	1FDKF37HXTEB05734	  	1996	  	FORD	  	F350
	 20135
	  	Owned	  	1FDNF70J4TVA29509	  	1996	  	FORD	  	FORD-MT
	 20136
	  	Owned	  	1FDNF70J0TVA29510	  	1996	  	FORD	  	FORD-MT
	 21347
	  	Owned	  	1FTRX14859FA21347	  	2009	  	FORD	  	F150 SUPERCAB
	 21629
	  	Owned	  	2FTJW36G9MCA21629	  	1991	  	FORD	  	F250-HGI
	 25100
	  	Owned	  	1FAFP52U2WA176981	  	1998	  	FORD	  	TAURUS
	 85528
	  	Owned	  	2FUY3LDB3RA585528	  		  	FREI	  	TEAMSTERS
	 86813
	  	Owned	  	1FDHS34M72MBB6813	  	1990	  	FORD	  	E-350 SUPER CARGO VAN
	 90170
	  	Owned	  	1FTRW12W29KA90170	  	2009	  	FORD	  	F150

 Part II - Leased Vehicles 

 

											
	 Unit #
	  	Contract Type	  	 VIN
	  	Year	  	Make	  	 Model

	 8016
	  	Lease	  	1FDWF36568EC36353	  	2008	  	FORD	  	F350 SD CHASSIS 2WD
	 8017
	  		  	1FDWF36548EC36352	  	2008	  	FORD	  	F350 SD CHASSIS 2WD
	 8018
	  		  	1FDNF20528EB91961	  	2008	  	FORD	  	F250 SD 2WD
	 8019
	  		  	1FDNF20518EB91059	  	2008	  	FORD	  	F250 SD 2WD
	 8020
	  		  	1FDNF20588EB91060	  	2008	  	FORD	  	F250 SD 2WD
	 8021
	  		  	1FDNF205X8EB91061	  	2008	  	FORD	  	F250 SD 2WD
	 8022
	  		  	1FDNF20548EB91962	  	2008	  	FORD	  	F250 SD 2WD
	 71804
	  		  	1FDXE45P46HA71804	  	2006	  	FORD	  	E 450 CUTAWAY
	 19080
	  		  	1FDAF56P73EB50291	  	2003	  	FORD	  	F550 SD CHASSIS 2WD
	 19083
	  		  	2FTRF17213CA90386	  	2003	  	FORD	  	F150
	 19084
	  		  	1FBSS31L23HB21572	  	2003	  	FORD	  	E350 VANS
	 19094
	  		  	2FTRF17203CA94672	  	2003	  	FORD	  	F150
	 19095
	  		  	2FTRF17223CA93250	  	2003	  	FORD	  	F150
	 19096
	  		  	2FTRF17243CA93251	  	2003	  	FORD	  	F150
	 19097
	  		  	2FTRF17263CA93252	  	2003	  	FORD	  	F150
	 19098
	  		  	2FTRF17283CA93253	  	2003	  	FORD	  	F150
	 19099
	  		  	2FTRF172X3CA93254	  	2003	  	FORD	  	F150
	 19100
	  		  	2FTRF17293CA94668	  	2003	  	FORD	  	F150
	 19101
	  		  	2FTRF17203CA94669	  	2003	  	FORD	  	F150
	 19102
	  		  	2FTRF17273CA94670	  	2003	  	FORD	  	F150
	 19103
	  		  	2FTRF17293CA94671	  	2003	  	FORD	  	F150
	 19207
	  		  	1FTRF17293NB22124	  	2003	  	FORD	  	F150
	 19208
	  		  	1FTRF17273NB22123	  	2003	  	FORD	  	P150
	 19209
	  		  	1FTRF17253NB22122	  	2003	  	FORD	  	F150
	 19210
	  		  	1FTRF17233NB22121	  	2003	  	FORD	  	F150
	 19211
	  		  	1FTRF17213NB22120	  	2003	  	FORD	  	F150
	 19212
	  		  	1FTRF17253NB22119	  	2003	  	FORD	  	F150
	 19214
	  		  	1FTRF17213NB25616	  	2003	  	FORD	  	F150
	 19215
	  		  	1FTRF172X3NB25615	  	2003	  	FORD	  	F150
	 19216
	  		  	1FTRF17283NB25614	  	2003	  	FORD	  	F150
	 19218
	  		  	1FTRF17243NB25612	  	2003	  	FORD	  	F150
	 19219
	  		  	1FTRF17223NB25611	  	2003	  	PORD	  	F150
	 19220
	  		  	1FTRF17203NB25610	  	2003	  	FORD	  	F150
	 19221
	  		  	1FTRF17243NB25609	  	2003	  	FORD	  	F150
	 19222
	  		  	1FTRF17223NB25608	  	2003	  	FORD	  	F150
	 19223
	  		  	1FTRF17203NB25607	  	2003	  	FORD	  	F150
	 19224
	  		  	1FTRF17293NB25606	  	2003	  	FORD	  	F150
	 19225
	  		  	1FTRF17243NB19230	  	2003	  	FORD	  	F150
	 19226
	  		  	1FTRF17283NB19229	  	2003	  	FORD	  	F150
	 19228
	  		  	1FTRFI7243NB19227	  	2003	  	FORD	  	F150
	 19229
	  		  	1FTRF17223NB19226	  	2003	  	FORD	  	F150
	 19230
	  		  	1FTRF17203NB19225	  	2003	  	FORD	  	F150
	 19231
	  		  	1FTRF17213NB19265	  	2003	  	FORD	  	F150

											
	 Unit#
	  	Contract Type	  	 VIN
	  	Year	  	Make	  	 Model

	 19232
	  		  	1FTRF17233NB19266	  	2003	  	FORD	  	F150
	 19233
	  		  	1FTRF17253NB19267	  	2003	  	FORD	  	F150
	 19234
	  		  	1FTRF172X3NB19264	  	2003	  	FORD	  	F150
	 19235
	  		  	1FTRF17283NB19263	  	2003	  	FORD	  	F150
	 19236
	  		  	1FTRF17263NB19262	  	2003	  	FORD	  	F150
	 19237
	  		  	1FTRF17243NB19261	  	2003	  	FORD	  	F150
	 19238
	  		  	1FTRF17223NB19260	  	2003	  	FORD	  	F150
	 19239
	  		  	1FTRF17263NB19259	  	2003	  	FORD	  	F150
	 19240
	  		  	1FTRF17243NB19258	  	2003	  	FORD	  	F150
	 19241
	  		  	1FTRF17223NB19257	  	2003	  	FORD	  	F150
	 19242
	  		  	1FTRF17203NB19256	  	2003	  	FORD	  	F150
	 19243
	  		  	1FTRF17293NB19255	  	2003	  	FORD	  	F150
	 19244
	  		  	1FTRF17273NB19254	  	2003	  	FORD	  	F150
	 19245
	  		  	1FTRF17253NB19253	  	2003	  	FORD	  	F150
	 19246
	  		  	1FTRF17233NB19252	  	2003	  	FORD	  	F150
	 19247
	  		  	1FTRF17213NB19251	  	2003	  	FORD	  	F150
	 19249
	  		  	1FTRF17233NB19249	  	2003	  	FORD	  	F150
	 19250
	  		  	1FTRF17213NB19248	  	2003	  	FORD	  	F150
	 19252
	  		  	1FTRF17283NB19246	  	2003	  	FORD	  	F150
	 19253
	  		  	1FTRF17263NB19245	  	2003	  	FORD	  	F150
	 19254
	  		  	1FTRF17243NB19244	  	2003	  	FORD	  	F150
	 19257
	  		  	1FTRF17293NB19241	  	2003	  	FORD	  	F150
	 19258
	  		  	1FTRF17273NB19240	  	2003	  	FORD	  	F150
	 19260
	  		  	1FTRF17293NB19238	  	2003	  	FORD	  	F150
	 19261
	  		  	1FTRF17273NB19237	  	2003	  	FORD	  	F150
	 19262
	  		  	1FTRF17253NB19236	  	2003	  	FORD	  	F150
	 19263
	  		  	1FTRF17233NB19235	  	2003	  	FORD	  	F150
	 19264
	  		  	1FTRF17213NB19234	  	2003	  	FORD	  	F150
	 19265
	  		  	1FTRF17283NB19232	  	2003	  	FORD	  	F150
	 19266
	  		  	1FTRF17263NB19231	  	2003	  	FORD	  	F150
	 19267
	  		  	1FTRF17293NB19224	  	2003	  	FORD	  	F150
	 19268
	  		  	1FTRF17273NB19223	  	2003	  	FORD	  	F150
	 19269
	  		  	1FTRF17253NB19222	  	2003	  	FORD	  	F150
	 19270
	  		  	1FTRF17233NB19221	  	2003	  	FORD	  	F150
	 19271
	  		  	1FTRF17213NB19220	  	2003	  	FORD	  	F150
	 19272
	  		  	1FTRF17253NB19219	  	2003	  	FORD	  	F150
	 19273
	  		  	1FTRF17233NB19218	  	2003	  	FORD	  	F150
	 19274
	  		  	1FTRF17213NB19217	  	2003	  	FORD	  	F150
	 19275
	  		  	1FTRF172X3NB19216	  	2003	  	FORD	  	F150
	 19276
	  		  	1FTRF17283NB19215	  	2003	  	FORD	  	F150
	 19277
	  		  	1FTRF17263NB19214	  	2003	  	FORD	  	F150
	 19278
	  		  	1FTRF17293NB22155	  	2003	  	FORD	  	F150
	 19279
	  		  	1FTRF17273NB22154	  	2003	  	FORD	  	F150
	 19280
	  		  	1FTRF17233NB22152	  	2003	  	FORD	  	F150
	 19281
	  		  	1FTRF17253NB22153	  	2003	  	FORD	  	F150
	 19282
	  		  	1FTRF17213NB22151	  	2003	  	FORD	  	F150
	 19283
	  		  	1FTRF172X3NB22150	  	2003	  	FORD	  	F150

											
	 Unit #
	  	Contract Type	  	 VIN
	  	Year	  	Make	  	 Model

	 19284
	  		  	1FTRF17233NB22149	  	2003	  	FORD	  	F150
	 19285
	  		  	1FTRF17213NB22148	  	2003	  	FORD	  	F150
	 19286
	  		  	1FTRF172X3NB22147	  	2003	  	FORD	  	F150
	 19287
	  		  	1FTRF17283NB22146	  	2003	  	FORD	  	F150
	 19288
	  		  	1FTRF17263NB22145	  	2003	  	FORD	  	F150
	 19289
	  		  	1FTRF17243NB22144	  	2003	  	FORD	  	F150
	 19290
	  		  	1FTRF17223NB22143	  	2003	  	FORD	  	F150
	 19291
	  		  	1FTRF17203NB22142	  	2003	  	FORD	  	F150
	 19292
	  		  	1FTRF17293NB22141	  	2003	  	FORD	  	F150
	 19293
	  		  	1FTRF17273NB22140	  	2003	  	FORD	  	F150
	 19294
	  		  	1FTRF17203NB22139	  	2003	  	FORD	  	F150
	 19295
	  		  	1FTRF17293NB22138	  	2003	  	FORD	  	F150
	 19296
	  		  	1FTRF17273NB22137	  	2003	  	FORD	  	F150
	 19297
	  		  	1FTRF17253NB22136	  	2003	  	FORD	  	F150
	 19299
	  		  	1FTRF17213NB22134	  	2003	  	FORD	  	F150
	 19350
	  		  	1FTRF172X3NB22133	  	2003	  	FORD	  	F150
	 19351
	  		  	1FTRF17283NB22132	  	2003	  	FORD	  	F150
	 19352
	  		  	1FTRF17263NB22131	  	2003	  	FORD	  	F150
	 19353
	  		  	1FTRF17243NB22130	  	2003	  	FORD	  	F150
	 19354
	  		  	1FTRF17283NB22129	  	2003	  	FORD	  	F150
	 19355
	  		  	1FTRF17263NB22128	  	2003	  	FORD	  	F150
	 19356
	  		  	1FTRF17243NB22127	  	2003	  	FORD	  	F150
	 19357
	  		  	1FTRF17223NB22126	  	2003	  	FORD	  	F150
	 19358
	  		  	1FTRF17203NB22125	  	2003	  	FORD	  	F150
	 19359
	  		  	1FAHP53U53A198248	  	2003	  	FORD	  	TAURUS
	 19360
	  		  	1FAHP53U73A198249	  	2003	  	FORD	  	TAURUS
	 19361
	  		  	1FAHP53U33A198250	  	2003	  	FORD	  	TAURUS
	 19366
	  		  	1FMDU72K03UB51765	  	2003	  	FORD	  	EXPLORER
	 8101
	  		  	3D7KS28AX8G172058	  	2008	  	DODGE	  	RAM
	 24074
	  		  	1GCJK39275E304537	  	2005	  	CHEVY	  	SILVERADO
	 8106
	  		  	1FTSX215X8EBO2611	  	2008	  	FORD	  	F250

 Section 8.10(e)(i) 

Excluded Software Applications 
 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. 

 

			
	 Vendor
	  	 Generic Name

	 Aspen Tech
	  	All Aspen Tech Software
		
	 Aspen Tech
	  	Advisor (Data only)
		
	 Aspen Tech
	  	PlMs (Data only)
		
	 AutoDESK
	  	Entire suite
		
	 Bourque Data Systems
	  	RailTrac, Yardmaster
		
	 Citrix
	  	Entire suite
		
	 Convergint
	  	Entire suite
		
	 Dyadem
	  	PHA Pro
		
	 Essential Support Solutions (ESS)
	  	Essentials Suite
		
	 GE
	  	Entire Framework Agreement
		
	 Famatech
	  	Radmin
		
	 GE
	  	Cimplicity Source Code
		
	 Honeywell
	  	Entire Framework Agreement
		
	 IBM
	  	Filenet
		
	 IBM
	  	Tivoli Storage Manager (TSM)
		
	 Insite Objects
	  	RESITE Recorder
		
	 lnvensys
	  	OMS
		
	 lnvensys
	  	Entire Framework Agreement
		
	 KBC
	  	FCC Sims
		
	 Management Controls (MCI)
	  	Track Host
		
	 McAfee
	  	Entire suite
		
	 Microcall
	  	Call Accounting
		
	 Microsoft
	  	Entire suite
		
	 Primavera
	  	P3E
		
	 SAP
	  	Entire suite
		
	 SAP
	  	SAP R/3
		
	 Siemens
	  	Vistascape Server
		
	 Solomon & Associates
	  	Entire Suite
		
	 Syntex Management Systems
	  	IMPACT
		
	 System Improvements
	  	Taproot
		
	 Top Tech
	  	TMS Host
		
	 Unique Software
	  	OHM
		
	 VisualBasic
	  	VisualBasic
		
	 VMWare
	  	Infrastructure Enterprise Edition

			
		
	 WBT Systems Control Systems International, Inc.
	  	TopClass FUEL-FACS, ZyTax
		
	 Rockwell
	  	Allen-Bradley PLC Application Interface for PLC5, SLC500, and Micrologix 5000
		
	 IS Networld
	  	Entire suite including AutoCAD
		
	 VLO Custom
	  	RFOP & TSW
		
	 HP
	  	Pinger/ITO
		
	 HP
	  	Service Manager
		
	 Oracle
	  	LDAP Server
		
	 Bluecoat
	  	Manager
		
	 NetScout
	  	Genius, K2
		
	 Cisco
	  	ASA or Similar
		
	 Cisco
	  	Radius, Syslog, TACACS+
		
	 Avocent
	  	DSView Management Software (the appliance will stay at the Site)

 Section 8.10(e)(ii) 

Included Software Applications 
 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). 

 

			
	 Vendor
	  	 Generic Name

	 Agilent
	  	Chromatography Server
		
	 Equity Engineering Group (E2G)
	  	Primary Application Server
		
	 IHS Environmental
	  	OpsEnvironmental
		
	 IHS Environmental
	  	CCB - BLAN - OpsEnvironmental SQL2K
		
	 Inspection Logic
	  	LeakDAS
		
	 Intergraph
	  	CCB - BLAN - Oracle for EMPRV + Intools
		
	 Intergraph
	  	CCB - BLAN - Intools
		
	 Invensys Systems -Wonderware
	  	lntelatrac 3.2 Production Server
		
	 LabVantage
	  	LIMS Database Server
		
	 LabVantage
	  	Lab Vantage
		
	 Oracle
	  	Oracle
		
	 Oracle
	  	CCB - BLAN - Shared Oracle Server
		
	 Oracle
	  	CCB - BLAN - Oracle Eclipse
		
	 Oracle
	  	ADM - BLAN - Oracle Eclipse Standby
		
	 Symantec
	  	Wise Packaging Server
		
	 UOP
	  	COMPLY
		
	 Veritech
	  	ESTEAM
		
	 Aladdin
	  	ADM - BLAN - Hasp License Server
		
	 Canary Labs
	  	Galaxy Trend Data Historian
		
	 CommVault
	  	CCS - BLAN - CommVault QiNetiX Server
		
	 Computer Associates
	  	ADM - BLAN - CA Network Monitor
		
	 Diskeeper
	  	Disk Keeper Server
		
	 Emerson
	  	RBMware Server
		
	 Enerwise
	  	CCB - PDMZ - Power Metering Server
		
	 ESC
	  	Stack Vision Server
		
	 Galaxy
	  	CCB - BLAN - GLX BLAN
		
	 Galaxy
	  	ADM - BLAN - GLX DCR Web - Standby/TrendDev
		
	 Galaxy
	  	CCB - BLAN - GLX Trends
		
	 Galaxy
	  	Galaxy Server

			
		
	 Galaxy
	  	CCB - DMZ - Galaxy (Plant Data Historian)
		
	 Galaxy
	  	CCB - DMZ - Galaxy (Plant Data Historian)
		
	 Galaxy
	  	Galaxy Trend Data Server
		
	 Industrial Scientific
	  	CCB - PDMZ - Production DS2 Server
		
	 Internal
	  	Compliance
		
	 Internal
	  	FlareLog
		
	 Internal
	  	Galaxy_Server_Log
		
	 Internal
	  	LockoutTagout
		
	 Internal
	  	PhoneDB
		
	 Internal
	  	Request
		
	 Internal
	  	Refinery Task Management
		
	 Internal
	  	SDWorklist
		
	 Internal
	  	Subscriptions
		
	 Internal
	  	Subscriptions v2
		
	 Internal
	  	Hazmin
		
	 Internal
	  	ADM - BLAN - App Automation Secondary
		
	 Internal
	  	Scheduler
		
	 KIWI
	  	KIWI Network Backup
		
	 Lenel
	  	Lenel
		
	 Mikron Infrared, inc
	  	Infrared Camera Image Archive
		
	 Ricoh
	  	Ricoh Scanning Server
		
	 Soteica
	  	Visual Mesa Server - DEDCRF
		
	 UNKNOWN
	  	EEG
		
	 UNKNOWN
	  	CallData
		
	 UNKNOWN
	  	EDM_SOPUS
		
	 UNKNOWN
	  	KMS
		
		  	Excel Spreadsheets (SIMTO In Progress)
		
		  	Water9 (EPA)

			
		
		  	WTS
		
		  	Spreadsheets & Access DB
		
		  	KMS
		
		  	EMPRV
		
	 IBM
	  	Maximo (read only)
		
	 Cisco
	  	Call Manager System
		
	 GE
	  	Cimplicity - SCADA Runtime

 Section 4.3(a) 

Buyer Third Person Consents 
 None 

 Section 4.3(b) 

Buyer Governmental Approvals 
 NoneExhibit 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; 

  
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 (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. 

  
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 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. 

  
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 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. 

  
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 (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; 

  
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 (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. 

  
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 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. 

  
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 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; 

  
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 (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

  
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 (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

  
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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. 

  
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 (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 

  
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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. 

  
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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  

  
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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 

  
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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. 

  
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 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 

  
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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 [REDACTED] Lubes Agreement and [REDACTED] Agreement. Prior to Closing, Seller shall have the right to cause VMSC to assign and transfer to the Company to
following Seller Contracts: (i) the Purchase and Sale Agreement for Lubricant Base Oils dated [REDACTED], between [REDACTED] and VMSC, as amended (the “Lubes Agreement”), and (ii) the [REDACTED] Off-Take Agreement dated [REDACTED],
between [REDACTED] and VMSC, as amended (the “[REDACTED] Agreement”). Upon assignment of the Lubes Agreement and [REDACTED] Agreement, the Company shall assume all obligations of VMSC under the Lubes Agreement and [REDACTED]
Agreement. 
 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 [REDACTED] Crude. The
Parties acknowledge that VMSC is a party to a crude oil sales agreement with [REDACTED] Company (the “[REDACTED] Contract”) pursuant to which VMSC purchases (subject to availability and to the production policies of the [REDACTED])
certain grades and quantities of crude oil for the Refinery. The [REDACTED] Contract is an Excluded Contract and will not be assigned or transferred to the Company, Buyer, any Affiliate of Buyer or any third party providing crude supply services to
the Refinery. Prior to Closing, Seller shall cause VMSC to relinquish up to [REDACTED] barrels per day of [REDACTED] Medium crude oil and [REDACTED] barrels per day of [REDACTED] Light crude oil from its allocation of crude oil under the [REDACTED]
Contract, to the extent required for Buyer or its Affiliates to secure the same allocation of crude oil for the Refinery on and after Closing. Seller further agrees to cooperate, and cause VMSC to reasonably cooperate, with Buyer in Buyer’s
efforts to secure such allocation prior to Closing. 

  
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 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; 

  
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 (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

  
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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. 

  
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 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 

  
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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”. 

  
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 (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. 

  
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 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 

  
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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

  
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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. 

  
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 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. 

  
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 (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 

  
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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

  
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(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. 

  
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 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. 

  
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 (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) Buyer shall have secured an allocation of [REDACTED] barrels per day of [REDACTED] Medium crude oil and [REDACTED]
barrels per day of [REDACTED] Light crude oil from [REDACTED] Company for the Refinery on and after Closing as provided in Section 6.12 hereof. 
 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. 

  
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 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. 

  
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 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”). 

  
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 (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); 

  
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 (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.

  
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 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. 

  
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 (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. 

  
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 (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. 

  
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 (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. 

  
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 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. 

  
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 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. 

  
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 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] 

  
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 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 
 Valero Energy Corporation 
 JPMorgan Chase Bank, Acct. #[REDACTED] 

New York, NY / ABA#[REDACTED] 
 For the benefit
of Valero Refining and Marketing Company 

 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	  	

 Section 4.6 
 Compliance with Laws 
 Federal Excise Tax Audit. [REDACTED] 
  

 Schedule 4.7 
 Litigation 
  

	1.	Asbestos Cases: 

 Horn,
Delmar v. Allis Chalmers, et al. 
 Jones, Diane v. American Standard, et al. 

Kreider, Sterling v. 84 Lumber, et al. 
 Reed, Edward & Marie v. Foster Wheeler, LLC 
 Reid, Robena, et al v.
Metropolitan Life, et al 
 Davis, Mary v. Owens-Illinois 

Savarese, Karen v. ABB Lummus Crest, Inc., et al. 
 Riddle, Joseph v. Honeywell 
  

	2.	Athos I Spill - Paulsboro Refinery Claim: [REDACTED] 

  

	3.	Davis, William v. Valero Refining Co.-New Jersey: [REDACTED] 

 

	4.	Delaware Unclaimed Property Audit: [REDACTED] 

  

	5.	Dunn, Barbara, as Admin of the Estate of Ronald Dunn: [REDACTED] 

	6.	MTBE Litigation: Valero and its affiliates are parties to a number of cases involving claims of contamination based on the marketing and supply of gasoline
containing MTBE, which may or may not have originated in Valero refineries, including the Paulsboro Refinery. The list of pending MTBE matters involving Valero or its affiliates is as follows: 

 

	 	a.	City of Fresno v. Chevron, USA, Inc.,et al, 04 CV-04973 : MDL1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar Inc.; Valero
Marketing and Supply Company; Valero Refining Company-California. 

  

	 	b.	City of Pomona v. Chevron, USA, Inc., et al., C 08-03214: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar, Inc.; Valero
Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - California. 

  

	 	c.	Crescenta Valley Water District v. Exxon Mobil Corporation, et al, 07 CV 9453: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: .
Ultramar, Inc; Valero Refining Company-California; Valero Marketing and Supply Company. 

  

	 	d.	Great Oaks Water District v. USA Petroleum Corporation, et al., 1-07-cv-079405: Superior Court of Santa Clara County, California: Valero Parties; Ultramar Inc.,
Valero Refining Company California, Valero Marketing and Supply Company. 

  

	 	e.	Orange County Water District vs. Unocal Corporation, et al, 04 CV 4968: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar
Inc.; Valero Refining Company-California; Valero Marketing and Supply Company. 

  

	 	f.	The People of the State of California, et al v. Unocal Corporation, et al, 04-C1V-4972: Superior Court of Sacramento County, California; Valero Parties: Ultramar
Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - California. 

  

	 	g.	City of Santa Barbara v. Chevron USA, Inc., et al., C 100896: Superior Court of Contra Costa County, California; Valero Parties: Ultramar Inc.; Valero Marketing
and Supply Company; Valero Refining Company – California. 

  

	 	h.	Village of Roanoke v. Ashland Inc. et al, 1:09 cv 6554 MDL 1358: U.S. District Court, Southern District of New York; Valero Parties; Colorado Refining Company;
The Premcor Refining Group, Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company; Valero Refining and Marketing Company. 

	 	i.	Village of Bethalto, Illinois v. Ashland Inc., et al., 3:10 cv 396: Southern District of Illinois; Valero Parties: The Premcor Refining Group Inc.; Valero Energy
Corporation; Valero Refining Company - Oklahoma; Valero Refining – Texas L.P.; Valero Refining and Marketing Company; Valero Marketing and Supply Company. 

 

	 	j.	Town of Kouts, Indiana v. Ashland Inc., et al., 2:10 CV 186: Northern District of Illinois; Valero Parties: The Premcor Refining Group Inc.; Valero Energy
Corporation; Valero Refining – Texas L.P.; Valero Refining and Marketing Company; Valero Marketing and Supply Company. 

  

	 	k.	Mayor and Council of Berlin, Maryland, et al., v, Ashland, Inc., et al.; 3-c-10-4543: Circuit Court of Baltimore County, Maryland: Valero Parties: The Premcor
Refining Group Inc.; Valero Energy Corporation; Valero Refining Company - New Jersey; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company – Delaware, LLC. 

 

	 	l.	State of New Hampshire v. Amerada Hess Corporation et al, 04-Civ-4976: Superior Court of Merrimack County, New Hampshire; Valero Parties: Ultramar Energy, Inc.;
Ultramar Limited; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining-Texas, LP; Valero Refining Company-New Jersey; Valero Refining Company-Louisiana. 

 

	 	m.	New Jersey Department of Environmental Protection v. Atlantic Richfield Company et al., 08-CV-0312: MDL 1358 - U.S. District Court, Southern District of New
York; Valero Parties: Ultramar Energy, Inc.; Ultramar Limited; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company. The Premcor Refining Group 

 

	 	n.	Coraopolis Water and Sewer Authority v. Ashland Inc., et al, Case ID 100700869, Court of Common Pleas, Philadelphia County,; Valero Parties: the Premcor Refining
Group Inc., Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company-New Jersey; and Valero Refining Company – Delaware, LLC. 

 

	7.	Paulsboro Labor Matters: Grievances, charges and arbitrations included in Section 4.11(b) of these Schedules. 

 

	8.	Valero Refining Company-New Jersey et al vs. Fisher Klosterman, Inc., Vesuvius USA Corporation, Aetchem, Inc., Dr. John Hancock, Artech Technologies, LLC:
[REDACTED] 

	9.	NJ Sales and Use Tax Refund Claim: [REDACTED] 

  

	10.	Refinery Property Tax Litigation: [REDACTED] 

  

	11.	JJ White Claim [REDACTED] 

  

	12.	Valero Claims Management Claims: This is a list of Valero Claims Management, Inc. open claims by claimant and type of coverage. Some of the more significant
claims overlap with other items on this schedule. 

  

									
	 PAULSBORO OPEN CLAIMS
	  		  				  	
	 AL
	  		  				  	
	 1.153547.1.AL
	  	[REDACTED]	  	 	01/24/2010	  	  	[REDACTED]
	 Totals For AL — 1 Claims
	  		  				  	
	 GL
	  		  				  	
	 1.135741.1.GL
	  	[REDACTED]	  	 	09/29/2005	  	  	
	 1.135742.1.GL
	  	[REDACTED]	  	 	09/29/2005	  	  	[REDACTED]
	 1.129507.1.GL
	  	[REDACTED]	  	 	06/17/2006	  	  	[REDACTED]
	 1.139429.1.GL
	  	[REDACTED]	  	 	06/17/2006	  	  	[REDACTED]
	 1.126634.1.GL
	  	[REDACTED]	  	 	11/13/2006	  	  	[REDACTED]
	 1.142906.1.GL
	  	[REDACTED]	  	 	06/25/2008	  	  	[REDACTED]
	 1.141084.1.GL
	  	[REDACTED]	  	 	10/22/2008	  	  	[REDACTED]
	 1.141186.1.GL
	  	 [REDACTED]
	  	 	10/30/2008	  	  	 [REDACTED]

	 1.141286.1.GL
	  	 [REDACTED]
	  	 	10/30/2008	  	  	[REDACTED]
	 1.153602.1.GL
	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	 1.153759.1.GL
	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	 1.154169.1.GL
	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	 1.150659.1.GL
	  	[REDACTED]	  	 	02/02/2009	  	  	[REDACTED]
	 1.152463.1.GL
	  	[REDACTED]	  	 	05/12/2010	  	  	[REDACTED]
	 1.153605.1.GL
	  	[REDACTED]	  	 	07/23/2010	  	  	[REDACTED]
	 1.153640.1.GL
	  	[REDACTED]	  	 	07/27/2010	  	  	[REDACTED]
	 1.153694.1 GL
	  	 [REDACTED]
	  	 	07/28/2010	  	  	 [REDACTED]

	 1.154281.1.GL
	  	 [REDACTED]
	  	 	09/02/2010	  	  	[REDACTED]
	 Totals For GL — 18 Claims
	  		  				  	
	 PR
	  		  				  	
	 1.116808.1.PR
	  	Alhos, I - Paulsboro	  	 	11/26/2004	  	  	[REDACTED]
	 1.116819.1.PR
	  	 Alhos, I - Delaware City
	  	 	11/26/2004	  	  	[REDACTED]

									
	 1.147068.1.PR
	  	[REDACTED]	  	 	07/09/2009	  	  	[REDACTED]
	 1.151026.1.PR
	  	[REDACTED]	  	 	02/18/2010	  	  	[REDACTED]
	 Totals For PR — 4 Claims
	  		  				  	
	 WC
	  		  				  	
	 1.129518.1.WC
	  	[REDACTED]	  	 	03/29/2004	  	  	[REDACTED]
	 1.128818.1.WC
	  	[REDACTED]	  	 	02/08/2007	  	  	[REDACTED]
	 1.136010.1.WC
	  	[REDACTED]	  	 	11/08/2007	  	  	[REDACTED]
	 1.139238.1.WC
	  	[REDACTED]	  	 	06/05/2008	  	  	[REDACTED]
	 1.146543.1.WC
	  	[REDACTED]	  	 	06/17/2009	  	  	[REDACTED]
	 1.146574.1.WC
	  	[REDACTED]	  	 	06/23/2009	  	  	[REDACTED]
	 1.150024.1.WC
	  	[REDACTED]	  	 	12/20/2009	  	  	[REDACTED]
	 1.151816.1.WC
	  	[REDACTED]	  	 	04/09/2010	  	  	[REDACTED]
	 1.151984.1.WC
	  	[REDACTED]	  	 	04/19/2010	  	  	[REDACTED]
	 1.152410.1.WC
	  	[REDACTED]	  	 	05/13/2010	  	  	[REDACTED]
	 1.153761.1.WC
	  	[REDACTED]	  	 	08/02/2010	  	  	[REDACTED]
	 1.154318.1.WC
	  	[REDACTED]	  	 	09/04/2010	  	  	[REDACTED]
	 Totals For WC — 12 Claims
	  		  				  	
	 WLS
	  		  				  	
	 1.138056.1.WLS
	  	[REDACTED]	  	 	03/17/2008	  	  	[REDACTED]
	 1.148671.1.WLS
	  	[REDACTED]	  	 	10/03/2009	  	  	[REDACTED]
	 Totals For WLS — 2 Claims
	  		  				  	
	 Totals For CCM50435 - PAULSBORO REFINERY — 37 Claims
	  				  	

 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 
  

													
	Refs No	  	Name	  	Status	  	Position	 	 Employee

Subgroup
	  	SVceD	    	Annual Salary
	12556	  	[REDACTED] 	  	Active	  	Sr Staff Process Engineer	 	 Salary
 Exempt
	  	 [REDACTED]
	    	[REDACTED]
	116456	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
		  		  		  		 	Hourly Non	  		    	
	54204	  	 [REDACTED]
	  	Active	  	Supervisor Operations	 	Union	  	 [REDACTED]
	    	[REDACTED]
	13033	  	[REDACTED] 	  	Active	  	Laborer Relief (12hr)	 	 Hourly Union

Salary
	  	 [REDACTED] 
	    	[REDACTED]
 
	12475	  	 [REDACTED] 
	  	Active	  	Superintendent Shift	 	Exempt	  	 [REDACTED]
	    	[REDACTED]
	116451	  	 [REDACTED] 
	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	102359	  	 [REDACTED] 
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	74107	  	 [REDACTED] 
	  	Active	  	Analyzer ASK	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	14065	  	 [REDACTED] 
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	108667	  	 [REDACTED] 
	  	Active	  	Laborer Relief (12hr)	 	 Hourly Union

Salary
	  	 [REDACTED]
	    	[REDACTED]
	12861	  	[REDACTED] 	  	Active	  	Staff Reliability Engineer Fully Qualified Operator	 	Exempt	  	 [REDACTED]
	    	[REDACTED]
	12625	  	 [REDACTED] 
	  	Active	  	(FQO)	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		    	
	[Illegible]	  	 [REDACTED] 
	  	Active	  	 (FQO)
 Manager
Mechanical
	 	 Hourly Union

Salary
	  	 [REDACTED]
	    	[REDACTED]
	12907	  	 [REDACTED] 
	  	Active	  	Engineering	 	Exempt	  	 [REDACTED]
	    	[REDACTED]
	12591	  	 [REDACTED] 
	  	Active	  	B Operator	 	 Hourly Union

Salary
	  	 [REDACTED]
	    	[REDACTED]
	12994	  	 [REDACTED] 
	  	Active	  	Superintendent Shift	 	Exempt	  	 [REDACTED]
	    	[REDACTED]
	12643	  	 [REDACTED] 
	  	Active	  	A Operator	 	 Hourly Union
 Salary
Non
	  	 [REDACTED]
	    	[REDACTED]
	12642	  	 [REDACTED] 
	  	Active	  	Scheduler - Facilities	 	 Exempt
 Salary
	  	 [REDACTED]
	    	[REDACTED]
	13205	  	 [REDACTED] 
	  	Active	  	Staff Project Engineer Fully Qualified Operator	 	Exempt	  	 [REDACTED]
	    	[REDACTED]
	12730	  	 [REDACTED] 
	  	Active
Leave of	  	(FQO)	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
		  		  	Absence -	  	Laboratory Technician I	 		  		    	
	12619	  	 [REDACTED] 
	  	Paid	  	(12hr)	 	 Hourly Union

Salary
	  	 [REDACTED]
	    	[REDACTED]
	12701	  	 [REDACTED] 
	  	Active	  	Superintendent Shift	 	 Exempt
 Salary
Non
	  	 [REDACTED]
	    	[REDACTED]
	14101	  	 [REDACTED] 
	  	Active	  	Technical Assistant Sr Staff Control Systems	 	 Exempt
 Salary
	  	 [REDACTED]
	    	[REDACTED]
	12703	  	 [REDACTED] 
	  	Active	  	Engineer	 	Exempt	  	 [REDACTED]
	    	[REDACTED]
	108682	  	 [REDACTED] 
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	12649	  	 [REDACTED] 
	  	Active	  	 B Operator
 Fully Qualified
Operator
	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	13173	  	 [REDACTED] 
	  	Active	  	(FQO)	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]
	[Illegible]	  	 [REDACTED] 
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	    	[REDACTED]

													
	[Illegible]	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	14067	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Sr Environmental	 	Salary	  		  	
	15353	  	[REDACTED]	  	Active	  	Engineer	 	Exempt	  	[REDACTED]	  	[REDACTED]
		  		  	Leave of	  		 		  		  	
		  		  	Absence -	  		 		  		  	
	12794	  	[REDACTED]	  	Unpaid	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12878	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	49101	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12947	  	[REDACTED]	  	Active	  	Safely Specialist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	61516	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Soft Trades Mechanic	 		  		  	
	12764	  	[REDACTED]	  	Active	  	ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	121610	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  	[REDACTED]	  		  	Superintendent	 	Salary	  		  	
	59370	  	[REDACTED]	  	Active	  	Maintenance	 	Exempt	  	[REDACTED]	  	[REDACTED]
		  		  		  	Superintendent	 	Salary	  		  	
	14199	  	[REDACTED]	  	Active	  	Maintenance	 	Exempt	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	12510	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12509	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Soft Trades Mechanic	 		  		  	
	12970	  	[REDACTED]	  	Active	  	ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	12568	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  	Leave of
Absence -	  		 		  		  	
	12986	  	[REDACTED]	  	Paid	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	12712	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	122640	  	[REDACTED]	  	Active	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	121611	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	14828	  	[REDACTED]	  	Active	  	Instrument ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12757	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	105079	  	[REDACTED]	  	Active	  	Fitter Welder	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12856	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12508	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	61495	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	12559	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12648	  	[REDACTED]	  	Active	  	Supervisor Operations Fully Qualified Operator 	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	12820	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	12728	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	80831	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union Hourly Non Union Salary Exempt	  	[REDACTED]	  	[REDACTED]
	14060	  	[REDACTED]	  	Active	  	Supervisor Operations	 		  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Technical Trainer	 		  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Sr Staff Reliability Engineer	 	 Salary Exempt
	  	[REDACTED]	  	[REDACTED]

													
	115882	  	[REDACTED]	  	Active	  	Sr Reliability Inspector	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	14996	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	1st Waste Water	 		  		  	
	12676	  	[REDACTED]	  	Active	  	Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	13177	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12818	  	[REDACTED]	  	Active	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12807	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	108686	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	14815	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12962	  	[REDACTED] 	  	Active	  	A Operator	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	116071	  	[REDACTED]	  	Active	  	Manager Refinery PSM 	 	 Salary Exempt
	  	[REDACTED]	  	[REDACTED]
	12468	  	[REDACTED]	  	Active	  	Manager Technical Services	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12746	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12908	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Supervisor TRACK	 		  		  	
	14829	  	[REDACTED]	  	Active	  	Administration	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	80839	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
		  		  		  	Superintendent	 	Salary	  		  	
	12688	  	[REDACTED]	  	Active	  	Operations	 	Exempt	  	[REDACTED]	  	[REDACTED]
	121824	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	60047	  	[REDACTED]	  	Active	  	Analyzer ASK Fully Qualified Operator 	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12851	  	[REDACTED]	  	Active	  	Advanced Technician* Fully Qualified Operator 	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12860	  	[REDACTED]	  	Active	  	(FQO) Superintendent	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	104089	  	[REDACTED]	  	Active	  	Maintenance Fully Qualified Operator	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	14991	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	74173	  	[REDACTED]	  	Active	  	Superintendent Shift	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	14814	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	105117	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12958	  	[REDACTED]	  	Active	  	B Operator Manager Capital Projects 	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12895	  	[REDACTED]	  	Active	  	Construction	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
		  		  		  	Fully Qualified Operator	 		  		  	
	12801	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12803	  	[REDACTED]	  	Active	  	Sr Staff Project Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12778	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12552	  	[REDACTED]	  	Active	  	Machinist ASK Fully Qualified Operator 	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12609	  	[REDACTED]	  	Active	  	(FQO) Analyzer 4th Level	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	112296	  	[REDACTED] 	  	Active	  	Trainee	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Staff Safety Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]

													
	[Illegible]	  	[REDACTED]	  	Active	  	VP & General Manager Sr Occupational Health	 	Salary Exempt 	  	[REDACTED]	  	[REDACTED]
	105012	  	[REDACTED] 	  	Active	  	Nurse	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	108666	  	[REDACTED] 	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	80838	  	[REDACTED] 	  	Active	  	B Operator	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	13016	  	[REDACTED] 	  	Active
	  	Supervisor Refinery HR.	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	101200	  	[REDACTED] 	  	Leave of
Absence
-Paid	  	Machinist ASK	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	116538	  	[REDACTED] 	  	Active	  	Manager Complex Associate Process	 	Salary Exempt 	  	[REDACTED]	  	[REDACTED]
	115142	  	[REDACTED] 	  	Active	  	Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	108687	  	[REDACTED] 	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	13392	  	[REDACTED] 	  	Active	  	Director Major Projects	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	116449	  	 [REDACTED] 
	  	Active	  	Laborer Relief (12hr)	 	 Salary Exempt
	  	 [REDACTED]
	  	 [REDACTED]

	108683	  	[REDACTED] 	  	Active	  	B Operator	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	12938	  	[REDACTED] 	  	Active	  	A Operator	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	66369	  	[REDACTED] 	  	Active	  	Loss Control Specialist Manager Control	 	 Hourly Union 
	  	[REDACTED]	  	[REDACTED]
	13220	  	[REDACTED] 	  	Active	  	Systems Engineering	 	 Salary Exempt
	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED] 	  	Active	  	Supervisor Operations Superintendent 	 	 Salary Exempt
	  	[REDACTED]	  	[REDACTED]
	12981	  	[REDACTED] 	  	Active	  	Maintenance Superintendent	 	 Hourly Non Union 
	  	[REDACTED]	  	[REDACTED]
	12770	  	[REDACTED] 	  	Active	  	Operations	 	 Salary Exempt
	  	[REDACTED]	  	[REDACTED]
	12984	  	[REDACTED] 	  	Active	  	B Operator	 	 Hourly
 Exempt
	  	[REDACTED]	  	[REDACTED]
	14059	  	[REDACTED] 	  	Active	  	B Operator	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	108676	  	[REDACTED] 	  	Active	  	B Operator	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	12873	  	[REDACTED] 	  	Active	  	A Operator	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	12906	  	[REDACTED] 	  	Active	  	Supervisor Operations	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	108680	  	[REDACTED] 	  	Active	  	B Operator	 	 Hourly Non Union
	  	[REDACTED]	  	[REDACTED]
	67842	  	[REDACTED] 	  	Active	  	Staff Process Engineer Fully Qualified Operator 	 	 Hourly Union
	  	[REDACTED]	  	[REDACTED]
	105121	  	[REDACTED] 	  	Active	  	(FQO)	 	 Salary Exempt
	  	[REDACTED]	  	[REDACTED]
		  	[REDACTED] 	  		  	Heavy Equipment	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12886	  	[REDACTED] 	  	Active	  	Operator ASK Practical Instrument	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	60040	  	[REDACTED] 	  	Active	  	Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12726	  	[REDACTED] 	  	Active	  	Manager I/S Projects	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	64974	  	[REDACTED]	  	Active	  	Manager Reliability Laboratory Technician I	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	61492	  	[REDACTED]	  	Active	  	(12hr)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED] 	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]

													
	12665	  	[REDACTED] 	  	Active	  	Superintendent	 	Salary	  	[REDACTED]	  	[REDACTED]
		  		  		  	Operations	 	Exempt	  		  	
	14069	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12659	  	[REDACTED]	  	Active	  	Heavy Equipment Operator ASK	 	Hourly Union Salary	  	[REDACTED]	  	[REDACTED]
	121540	  	[REDACTED]	  	Active	  	Manager Complex	 	Exempt	  	[REDACTED]	  	[REDACTED]
	110267	  	[REDACTED]	  	Active	  	Analyzer 4th Level Trainee	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12499	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12736	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	110117	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	115125	  	[REDACTED]	  	Active	  	Director Environmental / Safety Affairs	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12513	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	116458	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	80840	  	[REDACTED]	  	Active	  	Soft Trades Mechanic ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	54200	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12584	  	[REDACTED]	  	Active	  	Safety Specialist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	80832	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12737	  	[REDACTED]	  	Active	  	Laboratory Technician 1 (12hr)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	109684	  	[REDACTED]	  	Active	  	Analyzer ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12537	  	[REDACTED]	  	Active	  	PBS Representative	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	61520	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12620	  	[REDACTED]	  	Active	  	Sr Reliability Inspector	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12916	  	[REDACTED]	  	Active	  	 Director Laboratory
 Central
Maintenance
	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12828	  	[REDACTED]	  	Active	  	Accounting Specialist	 	 Salary Exempt 
	  	[REDACTED]	  	[REDACTED]
	78736	  	[REDACTED]	  	Active	  	Manager Laboratory	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	121843	  	[REDACTED]	  	Active	  	Instrument ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12755	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12575	  	[REDACTED]	  	Active	  	Supervisor Warehouse	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12598	  	[REDACTED]	  	Active	  	Sr Project Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	116452	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12989	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	105745	  	[REDACTED]	  	Active	  	Sr Safety Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	14816	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]

													
	[Illegible]	  	[REDACTED]	  	Active	  	Lead Instrument Specialist	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12626	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
		  		  		  	Fully Qualified Operator (FQO)	 		  	[REDACTED]	    	[REDACTED]
	14992	  	[REDACTED]	  	Active	  	Superintendent Maintenance	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	61494	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	15008	  	[REDACTED]	  	Active	  	Staff Process Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12680	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	108678	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	127671	  	[REDACTED]	  	Active	  	Sr Mgr Refinery HR	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12852	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	12652	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	84699	  	[REDACTED]	  	Active	  	Supervisor Maintenance	 	 Salary
 Exempt
	  	[REDACTED]	    	[REDACTED]
	116454	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12890	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105116	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105122	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	14943	  	[REDACTED]	  	Leave of
Absence -
Paid	  	Chemist*	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12459	  	[REDACTED]	  	Active	  	Procurement & Contract Admin Specialist	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	108685	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	13229	  	[REDACTED]	  	Active	  	Director Refinery Operations	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12593	  	[REDACTED]	  	Active	  	Warehouse Coordinator (EX)	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	102363	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	54146	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12678	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	120370	  	[REDACTED]	  	Active	  	Environmental Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	80806	  	[REDACTED]	  	Active	  	Safety Specialist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12760	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12595	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12951	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	74335	  	[REDACTED]	  	Active	  	Lead Community Relations Specialist	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12667	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12548	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]

													
	[Illegible]	  	[REDACTED]	  	Active	  	Associate Scheduler	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	61864	  	[REDACTED]	  	Active	  	Lead Designer	 	 Salary Exempt
	  	[REDACTED]	    	[REDACTED]
	14034	  	[REDACTED]	  	Active	  	Manager Loss Control / Marine Assurance	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	102356	  	[REDACTED]	  	Leave of
Absence -
Paid	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108681	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12461	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12469	  	[REDACTED]	  	Active	  	Director Refinery Technical	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	110227	  	[REDACTED]	  	Active	  	Instrument ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108677	  	[REDACTED]	  	Active	  	1st Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105119	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12460	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12911	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	102360	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	80842	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12497	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108555	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	13181	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Electrical Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12638	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	105111	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12574	  	[REDACTED]	  	Active	  	Instrument ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12708	  	[REDACTED]	  	Active	  	Sr Staff Electrical Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12531	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	12657	  	[REDACTED]	  	Active	  	Superintendent Operations	 	 Salary
 Exempt
	  	[REDACTED]	    	[REDACTED]
	105125	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	76023	  	[REDACTED]	  	Active	  	Staff Instrument Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	14819	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	54201	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	103298	  	[REDACTED]	  	Active	  	Chemist*	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105115	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105114	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	13175	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	15024	  	[REDACTED]	  	Leave of
Absence -
Paid	  	Associate Scheduler	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Laboratory Technician I	 	Hourly Union	  	[REDACTED]	    	[REDACTED]

													
		  		  		  	(12hr)	 		  		    	
	[Illegible]	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	12882	  	[REDACTED]	  	Active	  	Manager Refinery Safety	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12711	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12530	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	13161	  	[REDACTED]	  	Active	  	Procurement & Contract Admin Analyst	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	54198	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	80133	  	[REDACTED]	  	Leave of
Absence -
Paid	  	Superintendent Maintenance	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	121834	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12694	  	[REDACTED]	  	Active	  	1st Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12869	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	12982	  	[REDACTED]	  	Leave of
Absence -
Paid	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12666	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	116455	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	12690	  	[REDACTED]	  	Active	  	Staff Project Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12717	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	12558	  	[REDACTED]	  	Active	  	Advanced Technician*	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	110541	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union.	  	[REDACTED]	    	[REDACTED]
	12466	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	101429	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	61517	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12772	  	[REDACTED]	  	Active	  	Advanced Technician*	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	14823	  	[REDACTED]	  	Active	  	Instrument ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12846	  	[REDACTED]	  	Active	  	HR Analyst	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	116448	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12917	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12835	  	[REDACTED]	  	Active	  	Safely Specialist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12898	  	[REDACTED]	  	Active	  	Safely Specialist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	14827	  	[REDACTED]	  	Active	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108688	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	121825	  	[REDACTED]	  	Active	  	Instrument ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	13736	  	[REDACTED]	  	Active	  	Manager Central Shops	 	Salary Exempt 	  	[REDACTED]	    	[REDACTED]
	117879	  	[REDACTED]	  	Active	  	Supervisor Laboratory	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Sr Environmental Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	19U18	  	[REDACTED]	  	Active	  	Staff Control Systems Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]

													
	[Illegible]	  	[REDACTED]	  	Active	  	 A Operator
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12789	  	[REDACTED]	  	Active	  	 Fully Qualified Operator

(FQO)
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	116450	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	80841	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12768	  	[REDACTED]	  	Active	  	 Storehouseman ASK
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	49105	  	[REDACTED]	  	Active	  	 Fully Qualified Operator

(FQO)
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108690	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	76397	  	[REDACTED]	  	Active	  	Manager Complex	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12716	  	[REDACTED]	  	Active	  	1st Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108643	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12759	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	15019	  	[REDACTED]	  	Active	  	Manager Business Services	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	14824	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	61496	  	[REDACTED]	  	Active	  	Reliability Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	108684	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	14990	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	14071	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12864	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union Salary	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	 Sr Project Engineer
	 	Exempt	  	[REDACTED]	    	[REDACTED]
	12832	  	[REDACTED]	  	Active	  	 Fully Qualified Operator

(FQO)
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12780	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105775	  	[REDACTED]	  	Active	  	TRACK Administrator	 	Salary Non Exempt	  	[REDACTED]	    	[REDACTED]
	12961	  	[REDACTED]	  	Active	  	1st Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12564	  	[REDACTED]	  	Active	  	1st Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12790	  	[REDACTED]	  	Active	  	Superintendent Maintenance	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12920	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	12892	  	[REDACTED]	  	Active	  	Planner	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	121836	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	12840	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	60033	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	120199	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12624	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12463	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	49106	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	14826	  	[REDACTED]	  	Active	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	33853	  	[REDACTED]	  	Active	  	Associate Loss Control Analyst	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  		    	
	[Illegible]	  	[REDACTED]	  	Active	  	Sr Safety Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]

													
	[Illegible]	  	[REDACTED]	  	Active	  	 Fitter Welder ASK
 Fully
Qualified Operator
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12988	  	[REDACTED]	  	Active	  	(FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	105083	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	113632	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	60873	  	[REDACTED]	  	Active	  	Manager Environmental Engineering	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12968	  	[REDACTED]	  	Active	  	Superintendent Emergency Services	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	117637	  	[REDACTED]	  	Active	  	Manager Plant Security	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	116447	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	73951	  	[REDACTED]	  	Active	  	Superintendent Maintenance	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	72702	  	[REDACTED]	  	Active	  	Manager Procurement & Contract Admin	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	61491	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	14064	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	    	[REDACTED]
	12850	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	14993	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	110118	  	[REDACTED]	  	Active	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12721	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Supervisor Loss Control	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12745	  	[REDACTED]	  	Active	  	Manager Lube Marketing Business Staff Ref	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12486	  	[REDACTED]	  	Active	  	Scheduling/Blending Engineer	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	102362	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	108689	  	[REDACTED]	  	Active	  	 Laborer Relief (12hr)
	 	Hourly Union 	  	[REDACTED]	    	[REDACTED]
	82098	  	[REDACTED]	  	Active	  	 Manager Turnaround

Planning
	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	101132	  	[REDACTED]	  	Active	  	Manager Complex	 	Salary Exempt	  	[REDACTED]	    	[REDACTED]
	12505	  	[REDACTED]	  	Active	  	A Operator	 	 Hourly Union
	  	[REDACTED]	    	[REDACTED]
	12631	  	[REDACTED]	  	Active	  	A Operator	 	 Hourly Union
	  	[REDACTED]	    	[REDACTED]
	116461	  	[REDACTED]	  	Leave of
Absence -
Paid	  	B Operator	 	 Hourly Union
	  	[REDACTED]	    	[REDACTED]
	49107	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	83810	  	[REDACTED]	  	Active	  	Process Engineer	 	 Salary
 Exempt
	  	[REDACTED]	    	[REDACTED]
	12783	  	[REDACTED]	  	Active	  	 B Operator
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12742	  	[REDACTED]	  	Active	  	 1st Waste Water

Operator
	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
	12043	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	    	[REDACTED]
		  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	    	[REDACTED]

													
	49112	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	14818	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	105123	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12534	  	[REDACTED]	  	Active	  	Sr Dock/Rail Scheduler *	 	 Salary
 Exempt
	  	[REDACTED]	  	[REDACTED]
	12838	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12672	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	73255	  	[REDACTED]	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	12582	  	[REDACTED]	  	Active	  	Storehouseman ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12544	  	[REDACTED]	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	102361	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	105118	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12578	  	 [REDACTED]
	  	Active	  	Maintenance Systems Specialist	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12683	  	[REDACTED]	  	Active	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	121837	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	105080	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	72564	  	[REDACTED]	  	Active	  	Superintendent Operations	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12871	  	[REDACTED]	  	Active	  	Machinist ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	108062	  	[REDACTED]	  	Active	  	Associate Process Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Active	  	Staff Ref Optimization Planning Engineer	 	Salary Exempt 	  	[REDACTED]	  	[REDACTED]
	12817	  	[REDACTED]	  	Active	  	Staff Reliability Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12600	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12474	  	[REDACTED]	  	Active	  	Principal Process Engineer 	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12489	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	72554	  	[REDACTED]	  	Active	  	Sr Refinery Scheduling/Blending Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	105112	  	[REDACTED]	  	Active	  	B Operator	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12615	  	[REDACTED]	  	Active 
	  	Supervisor Operations	 	Hourly Non Union	  	[REDACTED]	  	[REDACTED]
	80836	  	[REDACTED]	  	Leave
of
Absence
-
Unpaid	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	50439	  	 [REDACTED]
	  	Active	  	I/S Analyst	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	71641	  	[REDACTED]	  	Active	  	I/S Specialist	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12542	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	[Illegible]	  	[REDACTED]	  	Leave
of
Absence
- Paid	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	54144	  	[REDACTED]	  	Active	  	Laborer Relief (12hr)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]

													
	[Illegible]	  	 [REDACTED]
	  	Active	  	Scheduler - Operations	 	Salary Non Exempt	  	 [REDACTED]
	  	 [REDACTED]

	14070	  	 [REDACTED]
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	49110	  	 [REDACTED]
	  	Active	  	A Operator	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	12733	  	[REDACTED]	  	Active	  	Superintendent Operations	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12715	  	[REDACTED]	  	Active	  	Sr Technical Assistant	 	Salary Non Exempt	  	[REDACTED]	  	[REDACTED]
	13183	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12627	  	 [REDACTED]
	  	Active	  	Administrative Secretary	 	Salary Non Exempt	  	 [REDACTED]
	  	 [REDACTED]

	61521	  	[REDACTED]	  	Leave
of Absence
- Paid
	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12859	  	[REDACTED]	  	Active	  	1st Waste Water Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12656	  	 [REDACTED]
	  	Active	  	A Operator 	 	Hourly Union 	  	 [REDACTED]
	  	 [REDACTED]

	12543	  	 [REDACTED]
	  	Active	  	Lead Accounting Specialist	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

	55298	  	[REDACTED]	  	Active	  	Superintendent Maintenance	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	12819	  	 [REDACTED]
	  	Active	  	Superintendent Shift	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

	13159	  	 [REDACTED]
	  	Active	  	TRACK Administrator	 	Salary Non Exempt	  	 [REDACTED]
	  	 [REDACTED]

	[Illegible]	  	[REDACTED]	  	Active	  	Laboratory Technician I (12hr)	 	Hourly Union 	  	[REDACTED]	  	[REDACTED]
	12849	  	 [REDACTED]
	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	 [REDACTED]
	  	 [REDACTED]

	105113	  	 [REDACTED]
	  	Active	  	Machinist ASK	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	12972	  	 [REDACTED]
	  	Active	  	Fitter Welder ASK	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	14813	  	[REDACTED]	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	49109	  	[REDACTED]	  	Leave
of
Absence
- Paid	  	B Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12983	  	[REDACTED]	  	Leave
of
Absence
- Paid	  	Electrician ASK	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12628	  	[REDACTED]	  	Leave
of
Absence
- Paid	  	A Operator	 	Hourly Union	  	[REDACTED]	  	[REDACTED]
	12943	  	 [REDACTED]
	  	Active	  	Safety Specialist ASK	 	Hourly Union 	  	 [REDACTED]
	  	 [REDACTED]

	12636	  	 [REDACTED]
	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	 [REDACTED]
	  	 [REDACTED]

	52897	  	 [REDACTED]
	  	Active	  	Loss Control Specialist	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

	49108	  	 [REDACTED]
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	12532	  	[REDACTED]	  	Active	  	Control Systems Specialist	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	105126	  	 [REDACTED]
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	108641	  	[REDACTED]	  	Active	  	Instrument 1st	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	[Illegible]
 	  	 [REDACTED]
	  	Active	  	B Operator	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	80837	  	 [REDACTED]
	  	Active	  	Instrument 1st	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

													
	[Illegible]	  	 [REDACTED]
	  	Active	  	Superintendent Operations	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

	112278	  	[REDACTED]	  	Active	  	Sr Environmental Engineer	 	Salary Exempt	  	[REDACTED]	  	[REDACTED]
	14063	  	 [REDACTED]
	  	Active	  	A Operator 	 	Hourly Union 	  	 [REDACTED]
	  	 [REDACTED]

	59712	  	 [REDACTED]
	  	Active	  	Manager Refinery Optimization 	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

	61518	  	 [REDACTED]
	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	72517	  	 [REDACTED]
	  	Active	  	Supervisor Operations	 	Hourly Non Union	  	 [REDACTED]
	  	 [REDACTED]

	108679	  	 [REDACTED]
	  	Active	  	B Operator 	 	Hourly Union 	  	 [REDACTED]
	  	 [REDACTED]

	12738	  	 [REDACTED]
	  	Active	  	Staff Control Systems Engineer	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

	116460	  	 [REDACTED]
	  	Active	  	B Operator 	 	Hourly Union	  	 [REDACTED]
	  	 [REDACTED]

	12987	  	 [REDACTED]
	  	Active	  	Fully Qualified Operator (FQO)	 	Hourly Union 	  	 [REDACTED]
	  	 [REDACTED]

	73761	  	 [REDACTED]
	  	Active	  	Sr Planner	 	Salary Exempt	  	 [REDACTED]
	  	 [REDACTED]

 Schedule 4.9 (a) 

Section (iii) 
 Employees on Short-Term Leave or Long-Term Disability 
 as of September
15, 2010 
  

															
	Last	  	First	  	St	  	Location	  	Prog ID	  	Dis Start	  	Dis End	  	Authorized Thru
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	1/6/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	9/12/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	7/24/2005	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	12/29/2001	  		  	
		  		  		  	Paulsboro .	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	11/10/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	9/29/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	12/23/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	 Refinery
	  	LTD	  	5/14/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	 Refinery
	  	LTD	  	2/2/2007	  		  	
		  		  		  	 Paulsboro
	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	 Refinery
	  	LTD	  	5/1/2001	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	3/28/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	10/18/2005	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	 LTD
	  	3/16/2005	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	6/17/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	6/2/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	 Refinery
	  	LTD	  	6/20/2006	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	10/8/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	12/16/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	4/12/2006	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	6/5/2008	  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	 Corporate Office
	  	LTD	  	11/28/2009	  		  	
		  		  		  	 Paulsboro
	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	 Refinery
	  	LTD	  	1/5/2003	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD	  	6/20/2010	  		  	

															
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	9/2/2003	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	1/11/2003	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	9/12/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	6/14/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	5/28/2005	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	3/2/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	8/9/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	2/14/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	5/16/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	7/28/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	 Refinery
	  	LTD	  	2/2/2005	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	 Refinery
	  	LTD	  	12/3/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	4/17/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	5/20/2003	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	3/16/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	2/1/2006	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	6/24/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	3/30/2005	  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	 Corporate Office
	  	LTD	  	1/6/2008	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	11/28/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	3/14/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	4/2/2010	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	1/14/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	7/7/2007	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	12/18/2000	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	8/7/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD	  	9/10/2009	  		  	
		  		  		  	Paulsboro	  		  		  		  	
	 [REDACTED]
	  	 [REDACTED]
	  	NJ	  	Refinery	  	LTD Pending	  		  		  	

															
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD Pending	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD Pending	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD Pending	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	LTD Pending	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD	  	5/24/2010	  	10/12/2010	  	10/12/2010
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD	  	4/24/2010	  	9/17/2010	  	9/17/2010
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD Plus	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD Plus	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD Plus	  		  		  	
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD Plus	  	8/27/2010	  	9/16/2010	  	9/16/2010
		  		  		  	Paulsboro	  		  		  		  	
	[REDACTED]	  	[REDACTED]	  	NJ	  	Refinery	  	STD Plus	  	5/11/2010	  	11/6/2010	  	11/6/2010

 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 
 Pending
grievances: 
 #329 – Overtime Procedures (4/12/10 – [REDACTED]), Granted pending final resolution with the Union. J 

#330 – Overtime Procedures (5/4/10 – [REDACTED]), Granted pending final resolution with the Union. 

#331 – Overtime Procedures (5/5/10 – [REDACTED]), Rejected at first step. 
 #332 – Overtime Procedures (5/18/10 – [REDACTED]), Rejected at first step. 
 #333 –
Discipline (9/10 - [REDACTED]) 
 #334 – Discipline (9/10 - [REDACTED]) 
 These grievances are from different units but involve similar claims that the Company failed to call out the low person on the overtime list. 
 4 X 10 Work Schedule Arbitration: [REDACTED] 
 NLRB Case No. 4-CA-37290: [REDACTED] 

NLRB Case No. 4-CB-10488: [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. 

  
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 “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. 

  
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 “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 

  
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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. 

  
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 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. 

  
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 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. 

  
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 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”). 

  
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 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. 

  
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	 	(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. 

  
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	 	(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 

  
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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 

  
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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. 

  
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 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. 

  
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 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

  
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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. 

  
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 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. 

  
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	 	(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

  
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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 

  
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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. 

  
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 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. 

  
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 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. 

  
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 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. 

  
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 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] 

  
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 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:

  
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 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.

  
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 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. 

  
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 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

  
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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. 

  
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 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. 

  
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 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

  
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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. 

  
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 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. 

  
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 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 

  
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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. 

  
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 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. 

  
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 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 
 Unless otherwise noted, all inventories will price using the
agreed upon prices effective for a [REDACTED] day pricing event [REDACTED] Closing using [REDACTED] unique pricing days for each respective formula,. 
 All volumes of Product making up the Feedstock and Products Inventory that do not meet the relevant quality specifications shall be subject to downward price adjustments in an amount to be determined by
the Parties as specified in each “fallback” formula for each price group. 
 All Tank Heels shall price at the price for the component
in each tank less $[REDACTED]/Bbl. 
  

					
	 PBF Product Name
	  	 Valero Product Name
	  	 Pricing Methodology

	 Crude Oil
	  		  	
	TERRA NOVA	  	TERRA NOVA	  	In Tank: Price to be based on the average daily price differential relative to [REDACTED] for Terra Nova as published by [REDACTED] for the [REDACTED] unique days [REDACTED] the
Closing date. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] price, the average [REDACTED] differential, Valero’s actual,
[REDACTED], actual [REDACTED], and [REDACTED] costs,
			
		  		  	In Transit: Price to be based on the average of the daily price differential relative to [REDACTED] for Terra Nova as published by [REDACTED] for the [REDACTED] unique quotation
days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of the daily price differential relative to [REDACTED] for Terra Nova, the [REDACTED] price, Valero’s actual [REDACTED], actual, [REDACTED], and [REDACTED]
costs.
	VASCONIA	  	VASCONIA	  	In Tank: Price to be the differential between Vasconia and the [REDACTED] futures contract for the [REDACTED] completed by Valero for Vasconia crude. Price will be the average of
the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] futures contract settlement price, Valero’s [REDACTED] for [REDACTED], Valero’s actual [REDACTED], actual,
[REDACTED] and [REDACTED] costs.
			
		  		  	In Transit: Price to be the differential between Vasconia and

  
 Schedule 2 to
Exhibit A, Page 1 

  

					
		  		  	the [REDACTED] futures contract for the [REDACTED] completed by Valero for Vasconia crude. Price will be the average of the Daily Price for the [REDACTED] unique quotation days
[REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of the [REDACTED] differential, the [REDACTED] futures contract settlement price, Valero’s actual [REDACTED], actual [REDACTED], and [REDACTED] costs.
			
	URALS	  	URALS	  	In Tank Basis: Price to be based on the average daily price differential relative to [REDACTED] as published by [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the
Closing date. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] price, the average [REDACTED] differential, a spot market
[REDACTED] (provided by three (3) independent Ship Brokers see Note 1), and [REDACTED] costs. Freight assessment to be done on assumption of [REDACTED]/mbbls on an Aframax vessel. [REDACTED] costs for [REDACTED]mbbls at $[REDACTED]/bbl. [REDACTED]
times Aframax market demurrage assessment as deemed by independent Ship Brokers. Freight assessment to be calculated for [REDACTED]MT basis [REDACTED] assessment from broker panel consisting of McQullling, Galbraith, and Clarksons London for the
period [REDACTED] to Closing Date (consistent with pricing).
			
		  		  	In Transit FOB: Price to be based on the average of the daily price differential relative to [REDACTED] for [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Cargo
Discharge date, inclusive. Daily Price to be the sum of the daily price differential relative to [REDACTED], the [REDACTED] price, Valero’s actual [REDACTED], actual [REDACTED], plus [REDACTED] costs.
			
		  		  	In Transit DBS or CFR: Price to be based on the average of the daily price differential relative to [REDACTED] for [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the
Cargo Discharge date, inclusive. Daily Price to be the sum of the daily price differential relative to [REDACTED] the [REDACTED] price, a spot market [REDACTED] (provided by three (3) independent Ship Brokers see Note 1), and [REDACTED] costs. DES
cargoes will have no deemed losses. Freight assessment to be done on assumption of [REDACTED]mbbls on an Aframax vessel. [REDACTED] costs for [REDACTED]mbbls at $[REDACTED]/bbl. [REDACTED] times Aframax market demurrage assessment as deemed by
independent Ship Brokers. Freight

					
			
		  		  	assessment to be calculated for [REDACTED] basis [REDACTED] assessment from broker panel consisting of McQuilling, Galbraith, and Oarksons London for the period [REDACTED]
cargo discharge date.
			
	ARABIAN LT	  	ARABIAN LT	  	In Tank: Price will be the average of the [REDACTED] for the [REDACTED] unique quotation days [REDACTED], the Closing date, inclusive. Daily Price to be the sum of the [REDACTED]
settlement, the [REDACTED] for the Port of loading applicable to the month of Closing, Valero’s last paid [REDACTED] actual [REDACTED] costs [REDACTED] plus [REDACTED] costs.
			
		  		  	In-Transit: Price to be based on the average of the [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of
the [REDACTED] settlement, the [REDACTED] for the Port of loading applicable to the month of Closing, Valero’s actual [REDACTED], actual [REDACTED], plus [REDACTED] costs.
			
	KIRKUK	  	KIRKUK	  	 In Tank: Price will be the average of the [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive.
Daily Price to be the sum of the [REDACTED] settlement, the [REDACTED] applicable to the month of Closing, Valero’s [REDACTED], actual [REDACTED] plus [REDACTED] costs and the applicable [REDACTED].

 
 In-Transit: Price to be based on the average of the [REDACTED] for the [REDACTED]
unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of [REDACTED] settlement, the [REDACTED] applicable to the month of Closing, Valero’s actual [REDACTED], actual [REDACTED], plus [REDACTED] costs,
and the applicable [REDACTED].

			
	HIBBRNIA	  	CRD-HIBERNIA	  	 In Tank: Price to be based on the average daily price differential relative to [REDACTED] for Hibernia as published by [REDACTED] for
the [REDACTED] unique days [REDACTED] the Closing date. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED], the average [REDACTED]
differential, Valero’s actual [REDACTED] for the [REDACTED], acutal [REDACTED], and [REDACTED] costs.
  
 In Transit: Price to be based on the average of the daily price

					
			
		  		  	differential relative to [REDACTED] for Hibernia as published by [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to
be the sum of the daily price differential relative to [REDACTED] for Hibernia, the [REDACTED] price, Valero’s actual [REDACTED] actual [REDACTED], and [REDACTED] costs,
			
	ISTHMUS	  	ISTHMUS	  	in Tank: Price to be based on the average daily price differential for Isthmus relative to [REDACTED] as published by [REDACTED] for the [REDACTED] unique days [REDACTED] the
Closing date, which includes the applicable K factor. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] futures contract
settlement price, the average [REDACTED] differential for Isthmus, Valero’s actual [REDACTED] for the [REDACTED], actual [REDACTED] and [REDACTED] costs.
			
		  		  	In Transit: Price to be based on Valero’s paid price differential between Isthmus and the [REDACTED] futures contract at the time the cargo priced. Price will be the average of
the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of the Isthmus differential, the [REDACTED] futures contract settlement price, Valero’s actual [REDACTED] actual
[REDACTED] and [REDACTED] costs.
			
	CPC BLEND	  	CPC BLEND	  	In Tank Delivered Basis: Price to be based on the average daily price differential relative to [REDACTED] for [REDACTED] for the [REDACTED] unique days [REDACTED] the Closing date.
Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] price, the average [REDACTED] a spot market [REDACTED] (to be provided by three
(3) independent Ship Brokers, see Notel), and [REDACTED] costs to include applicable [REDACTED] Freight assessment to be calculated using [REDACTED] vessels ([REDACTED] mbbls) from [REDACTED] with [REDACTED] for of [REDACTED] days. Freight
calculation basis [REDACTED] MT utilizing broker panel consisting of McQuilling.Galbraith, and Ciarksons London for the period 5 days preceding Closing Date (consistent with pricing)
			
	M-100	  	M-1OO	  	In Tank Delivered Basis: Price to be based on Valero’s [REDACTED] between Delivered US Gulf Coast M-100 and the [REDACTED]
futures

					
			
		  		  	contract. Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, Inclusive. Daily Price to be the sum of the M-100 differential,
the [REDACTED] futures contract settlement price, , plus [REDACTED] costs.
			
	Distillate	  		  	
			
	FINISHED HEATING OIL	  	HEATING OIL #2 FUEL	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg. If Sulfur is
[REDACTED] ppmw, a sulfur price de-escalator shall apply, as attached for “Heating Oil”. See Note 2.
			
	HEATING OIL	  	HEATING OIL #2 FUEL UNDYED	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg. If Sulfur is
[REDACTED] ppmw, a sulfur price de-escalator shall apply, as attached for “Heating Oil”. See Note 2.
			
	MARINE DIESEL	  	MARINE DIESEL	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg, plus or minus a
quality adjustment, as attached for “Marine Diesel”.
			
	FINISHED JET	  	MOBILJBTA	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg. See Note
2
			
	FINISHED LSD	  	LS DIESEL FUEL	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED]. See Note 2.
			
	Feedstocks	  		  	
			
	FCC FEED	  	FCC CHARGB INV(HVY)	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus a quality adjustment,
as attached for “FCC Feed”.
			
	CRUDESLOP	  	TS 7 HY GAS O1L	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	COKBRFEBD/VTB	  	COKER CHARGB	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus
a

					
			
		  		  	quality adjustment, as attached for “Coker Feed/VTB”.
			
	PDA FEED/VTB	  	345 RESID	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus a quality adjustment,
as attached for “PDA Feed/VTB”
			
	SLOP	  	API WET SLOP	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	SLOP DRYING	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	TBX-PAWBTSLOP	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	RO API SLOP	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	FCC FEED (BALTIMORE)	  	FCC FEED (BALTMORE)	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], plus or minus a quality adjustment,
as attached for “FCC Feed”.
			
	Gasoline	  		  	
			
	RBOB	  	RBOB10.0UNLV2	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] see Note 2.
			
	PBOB	  	RBOB10.0PREV2	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] see Note 2.
			
	CBOB	  	CBOB REG 7.8 RVP	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be[REDACTED] see Note 2.
			
	CBOB REG 12.9	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, Inclusive. Daily Price to be [REDACTED] see Note
2.

					
			
	CBOB_SUP	  	CBOB SOP 12.9	  	 Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be
[REDACTED] less.
 See Note 2.

			
	CBO BSUP7. 8 RVP	  		  	 Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be
[REDACTED] less.
 See Note 2.

			
	Intermediates	  		  	
			
	LT. STRAIGHT RUN	  	TR180 EP GASO	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] futures contract settlement price
less [REDACTED] cpg. If the octane [(R+M)/2] is greater than or equal to [REDACTED] , the discount shall be [REDACTED] cpg. See Note 3.
			
	RAW FCC NAPHTHA	  	FCC GASOLINE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus an octane and RVP adjustment as
attached for “RAW FCC NAPHTHA”.
			
	SOURNAPHTHA	  	NAPHTHA	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price less [Redacted] cpg. See Note 3.
			
	400 EP NAPHTHA	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price less [REDACTED] cpg. See Note 3.
			
	SWEET NAPHTHA	  	PRETREAT	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price less [REDACTED]cpg. See Note 3.
			
	ALKYLATE	  	ALKYLATE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus an octane and RVP adjustment as
attached for “ALKYLATE OR REFORM ATE”,
			
	RBFORMATE	  	REFORMATS	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] an octane and RVP adjustment as
attached for “ALKYLATE ORREFORMATE”.
			
	CHD1 FEED	  	CHDLGO	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED] cpg quality
adjustment less [REDACTED] cpg location basis.

					
			
	SOUR ST RUN KBRO	  	500EPKEROSINE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED] cpg quality
adjustment less [REDACTED] cpg location basis.
			
	LPGS	  		  	
			
	PROPANE	  	C3C0MM PROPANE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily price to be [REDACTED] plus
$[REDACTED]/Bbl.
			
	PPMIX	  	PP-MIX PROPANE	  	Price will be the average of the Daily Price for the [REDACTED] unique days
			
	PROPYLBNE	  		  	[REDACTED] the Closing date, inclusive. Daily Price to be: [REDACTED] minus [REDACTED] Bbl plus [REDACTED], where A= [REDACTED] B= [REDACTED]
			
	OFFSPBC PROPANE	  	OFF SPEC PROPANE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus a BTU based quality
adjustment.
			
	ISOBUTANE	  	IC4 ISO BUTANB PURCH	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus
$[REDACTED]/Bbl.
			
	NORMAL BUTANE	  	C4MIX	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus
$[REDACTED]/Bbl.
			
	BB MIX/ALKY FEED	  	FCC BB STOCK	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] multiplied by
[REDACTED]
			
	Lube Plant	  		  	
			
	LUBE DISTILLATE	  	339, DIST	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus quality adjustment, as
attached for “Lube Distillate”.
			
	6154 DIST	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus quality adjustment, as
attached for “Lube Distillate”.
			
	318 DIST	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price
			
		  		  	

					
			
		  		  	to be [REDACTED] plus or minus quality adjustment, as attached for “Lube Distillate”.
			
	6336 DIST	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus quality adjustment, as
attached for “Lube Distillate
			
	LUBB MISC.	  	6287 LHDT CHG	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the price for [REDACTED] as calculated
herein.
			
	6051 LHDT CHARGE	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the price for [REDACTED] as calculated
herein.
			
	LUBB EXTRACT	  	LUBE EXTRACT 130VIS	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE EXTRACT 100VIS	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE EXTRACT 45VIS	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	345 FURF EXT	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBB EXTRACT	  	318 FURF EXT	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	339 FURF EXT	  		  	Price will be the average of the Daily Pricefor the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE BASE OIL	  	6154 STOCK	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily
Price

					
			
		  		  	
			
		  		  	contract settlement price plus [REDACTED]$/bbl.
			
	6336 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED]$/bbl.
			
	339 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED]$/bbl.
			
	VP850 Stock	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED] $/bbl.
			
	318 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED]$/bbl.
			
	345 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED] $/bbl.
			
	LUBERAFFINATE	  	850 Furf Raff	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive, Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) plus [REDACTED]$/bbl.
			
	6336 RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) plus [REDACTED]$/bbl.
			
	LUBERAFFINATE	  	6154 FURF RAFF	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) plus [REDACTED]$/bbl.
			
	339 FURP RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) [REDACTED]$bbl.
			
	318 FURF RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality)

					
			
		  		  	plus [REDACTED]
			
	345 RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] prices (as calculated herein and adjusted for quality) plus [REDACTED] $/bbl.
			
	Residual	  		  	
			
	FCCSLURRY/DBCANT CLAR SLURRY OIL	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less
$[REDACTED]/BBL.
			
	ASPHALT	  	ASPHALT CMNTPG64-22	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily price to be one hundred percent (100%) of the mean of the
[REDACTED] , Density factor for converting prices from short tons to barrels to be [REDACTED] Bbl/short ton.
			
	DAO	  	PD 345 RAFF	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average [REDACTED], as calculated herein,
less $[REDACTED]/bbl.

 Other 
  

			
		
	 Sulfur
	  	[REDACTED], minus $[REDACTED/bbl for freight.
		
	 Petcoke
	  	PBF to purchase [REDACTED] at Closing. Valero to retain ownership of any inventory at the refinery (on the ground), at Port Contractors in Wilmington, in any trucks, and in any
railcars on site or in-transit at Closing.

  

 QUALITY ADJUSTERS 
  

			
	HEATING OIL	  	1) If Sulfur is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sulfur above [REDACTED] ppmw, the price shall be reduced by [REDACTED] cents per gallon, pro rata.
		
		  	Example; If the Sulfur is [REDACTED] ppmw, the adjustment shall be;
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] ppmw.
		
	MARINE DIESEL	  	1) If Sulfur is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sulfur above [REDACTED] ppmw, the price shall be reduced by [REDACTED] cents per gallon, pro rata.
		
		  	Example: If the Sulfur is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] ppmw.
		
		  	2) If API gravity at [REDACTED] degrees Fahrenheit is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree API gravity below [REDACTED], the price shall be reduced by [REDACTED] per gallon, pro rata.
		
		  	Example: If the API gravity is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for API gravity at or greater than [REDACTED].
		
		  	3) If Cetane Index is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] Cetane Index below [REDACTED], the price shall be reduced by [REDACTED] per gallon, pro rata.
		
		  	Example: If the Cetane Index is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Cetane Index at or greater than [REDACTED].

  
 Part II to
Exhibit A, Page 11 

 QUALITY ADJUSTER (2) 
  

			
	FCC FEED	  	1) If Sulfur is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.
		
		  	2) If API gravity at [REDACTED] degrees Fahrenheit is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree API gravity below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the API gravity is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for API gravity at or greater than [REDACTED].
		
		  	3) If Nitrogen is is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nitrogen above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Nitrogen is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nitrogen at or less than [REDACTED] ppmw.
		
		  	4) If Analine Point is less than [REDACTED] degrees Fahrenheit, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree Fahrenheit below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Analine Point is [REDACTED] degrees Fahrenheit, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Analine Point at or greater than [REDACTED] degrees Fahrenheit.
		
		  	5) If Vanadium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Vanadium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro
rata.

  
 Part II to
Exhibit A, Page 12 

			
		  	Example: If the Vanadium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Vanadium at or less than [REDACTED] ppmw.

  
 Part II to
Exhibit A, Page 13 

 QUALITY ADJUSTERS (3) 
  

			
	FCC FEED (cont)	  	6) If Nickel is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nickel above [REDACTED] ppmw, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Nickel is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nickel at or less than [REDACTED] ppmw.
		
		  	7) If Sodium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sodium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Sodium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sodium at or less than [REDACTED] ppmw.
		
		  	8) If Conradson’s Carbon (CCR) is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] wt% Conradson’s Carbon between [REDACTED] wt.% and [REDACTED] wt.%, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	For every [REDACTED] wt.% Conradson’s Carbon greater than [REDACTED] wt.%, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Conradson’s Carbon at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 14 

 QUALITY ADJUSTERS (4) 
  

			
	COKER FEED/VTB	  	1) If Sulfur is greater than [REDACTED]wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 15 

 QUALITY ADJUSTERS (5) 
  

			
	PDA FEED/VTB	  	1) If Sulfur is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 16 

 QUALITY ADJUSTERS (6) 
 RAW FCC NAPHTHA 
 1) OCTANE ADJUSTMENT, RELATIVE TO ARGUS NYH CBOB 83.5 BARGE MEAN: 

A = [REDACTED] 
 B = [REDACTED] 

OCTANE ADJUSTMENT = A * B 
  

			
	EXAMPLE:	  	
		  	 [REDACTED] = [REDACTED] CPG

		  	 [REDACTED] = [REDACTED] CPG

		  	[REDACTED] = [REDACTED]

  

			
		  	A = [REDACTED] = [REDACTED]
		
		  	B = [REDACTED]

 OCTANE ADJUSTMENT = A * B = [REDACTED] 
 2) RVP ADJUSTMENT, RELATIVE TO ARGUS NYH CBOB 83.5 BARGE MEAN: 
 A = [REDACTED] 

B = [REDACTED] 
 RVP ADJUSTMENT = A * B

  

			
	EXAMPLE:	  	 [REDACTED] = [REDACTED] CPG

[REDACTED] = [REDACTED] CPG
 [REDACTED] =
[REDACTED] PSI
 [REDACTED] = [REDACTED] PSI

  

	
	A = [REDACTED]
	 B = [REDACTED]

  
 Part II to
Exhibit A, Page 17 

 RVP ADJUSTMENT = A * B = [REDACTED] 

  
 Part II to
Exhibit A, Page 18 

 QUALITY ADJUSTERS (7) 
 ALKYLATE OR REFORMATE 
 1) OCTANE ADJUSTMENT, RELATIVE TO ARGUS NYH 87 M PROMPT BARGE MEAN:

 A = [REDACTED] 
 B = [REDACTED]

 OCTANE ADJUSTMENT = A * B 
  

					
			
		  	EXAMPLE:	  	
			
		  		  	[REDACTED] = [REDACTED] CPG
			
		  		  	[REDACTED] = [REDACTED]
			
		  		  	[REDACTED] = [REDACTED]
			
		  	A = [REDACTED]	  	
			
		  	B = [REDACTED]	  	
		
	 OCTANE ADJUSTMENT = A * B = [REDACTED]
	  	
	
	 2) RVP ADJUSTMENT, RELATIVE TO ARGUS NYH 87 M PROMPT BARGE MEAN:

			
	 A = [REDACTED]
	  		  	
			
	 B = [REDACTED]
	  		  	
			
	RVP ADJUSTMENT = A * B	  		  	
			
		  	EXAMPLE:	  	
			
		  		  	[REDACTED] = [REDACTED]
			
		  		  	[REDACTED] = [REDACTED] CPG
			
		  		  	[REDACTED] = [REDACTED] PSI
			
		  		  	[REDACTED] = [REDACTED] PSI
			
		  	A = [REDACTED]	  	

  
 Part II to
Exhibit A, Page 19 

 B = [REDACTED] 
 RVP ADJUSTMENT = [REDACTED] 

  
 Part II to
Exhibit A, Page 20 

 QUALITY ADJUSTERS (8) 
  

			
	LUBE DISTILLATE	  	1) If Sulfur is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.
		
		  	2) If API gravity at [REDACTED] degrees Fahrenheit is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] API gravity below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the API gravity is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for API gravity at or greater than [REDACTED].
		
		  	3) If Nitrogen is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nitrogen above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Nitrogen is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nitrogen at or less than [REDACTED] ppmw.
		
		  	4) If Analine Point is less than [REDACTED] degrees Fahrenheit, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree Fahrenheit below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Analine Point is [REDACTED] degrees Fahrenheit, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Analine Point at or greater than [REDACTED] degrees Fahrenheit.

  
 Part II to
Exhibit A, Page 21 

			
		
		  	5) If Vanadium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Vanadium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Vanadium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Vanadium at or loss than [REDACTED] ppmw.
		
	QUALITY ADJUSTERS (9)	  	
		
	LUBE DISTILLATE (cont)	  	6) If Nickel is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nickel above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Nickel is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nickel at or less than [REDACTED] ppmw.
		
		  	7) If Sodium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sodium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Sodium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sodium at or less than [REDACTED] ppmw.
		
		  	8) If Conradson’s Carbon (CCR) is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] wt% Conradson’s Carbon between [REDACTED] wt.% and [REDACTED] wt.%, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	For every [REDACTED] wt.% Conradson’s Carbon greater than [REDACTED] wt.%, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Conradson’s Carbon at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 22 

 NOTES 
 NOTE 1: 
 Where required, freight assessments shall be obtained and averaged via
the following three (3) independent Ship Brokers. 
 1. Poten 

2. McQuilling 

3. Dietze 
 NOTE 2: 

In the event that more than one price posting or assessment for the applicable is available, the price posting or assessment applicable to
the product delivered shall apply. In the event a price posting or assessment for the product delivered does not exist, the parties make appropriate adjustments to the closest price posting or assessment to compensate for quality differences. (I.E.
Gasoline RVP during transition periods.) 
 NOTE 3: 
 All references to the Front Month Nymes RBOB futures contract are valid if and only if the Front contact month at Closing precedes the April 2011 Nymes RBOB futures contract. 

  
 Part II to
Exhibit A, Page 23 

 DEEMED SECONDARY COSTS 
 Deemed Secondary Costs 
 Secondary Costs 

 

																																					
	 	  	Arab Light	 	 	Kirkuk	 	 	Urals	 	 	Terra
[Illegible]	 	 	Illbernia	 	 	[Illegible]	 	 	CPC	 	 	[Illegible]	 	 	[Illegible]	 
	 Import Duties, S/bbl
	  	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	—  	  
	 Custom Fee, Per Entry
	  	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 
	 Inspection, S/bbl
	  	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 
	 Insurance, S/bbl
	  	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 
	 Oil Spill Tax, S/bbl
	  	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 
	 Letter of Credit Cost, S/bbl
	  	$	—  	  	 	$	[REDACTED	] 	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  
	 New Jersey Spill Compensation & Control Tax
	  	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 	 	$	[REDACTED	] 
	 Harbor Maintenance Fund, % of crude cost
	  	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 
	 Deemed [Illegible] Losses, % of crude cost
	  	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 	 	 	[REDACTED	]% 

 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 
 Crude Oil 

Dock to S-79 tk. — [REDACTED] bbls. 
 Crude
charge pump station to CU#6 — [REDACTED] bbls. 
 Crude charge pump station to CU #7 — [REDACTED] bbls. 

FCC charge/VGO 
 Dock to S-70 tk. —
[REDACTED] bbls. 
 FCC charge pump station to FCC — [REDACTED] bbls. 
 CCR charge 
 Dock Naphtha line to S-81 tk. — [REDACTED] bbls. 

CCR charge pump station to CCR — [REDACTED] bbls. 
 Distillate 
 CHD #1 to S-51 tk. — [REDACTED] bbls. 

Dock to S-51 tk. (10” line) — [REDACTED] bbls. 
 Dock to S-51 tk. (16” line) — [REDACTED] bbls. 
 S-51 tk. to NuStar Sales Terminal —
[REDACTED] bbls. 
 Jet 
 Dock
to S-33 tk. — [REDACTED] bbls. 
 CHD #2 to 2808 tk. — [REDACTED] bbls. 
 Jet pumping station to Phila. Airport — [REDACTED] bbls. 
 Gasoline 

2941 tk. to BPL pumping station at Paulsboro — [REDACTED] bbls. 
 Dock to 2941 tk. — [REDACTED] bbls. 
 2173 tk. to NuStar Sales Terminal — [REDACTED]
bbls. 

  
 Exhibit C

 Lube lines 
 #2 line XOM — [REDACTED] bbls. 
 #3 line XOM — [REDACTED] bbls. 

#4 line XOM — [REDACTED] 
 #5 line XOM
— [REDACTED] 
 #6 line XOM — [REDACTED] bbls. 
 #7 line XOM — [REDACTED] bbls. 
 LPG 

Coker OM to LPG tankage: 
 BB — [REDACTED]
bbls. 
 C3 — [REDACTED] bbls. 

Deprop to OM tankage 
 BB — [REDACTED] bbls.

 C3 — [REDACTED] bbls. 
 CCR to
OM tankage 
 C3 — [REDACTED] bbls. 

FCC to OM tankage 
 PP — [REDACTED] bbls.

 Alky to OM tankage 
 C3 —
[REDACTED] bbls. 

  
 Exhibit C

 EXHIBIT D 
 BUTANE SUPPLY TERMS 
  

			
	Seller:	  	Valero Marketing and Supply Company
		
	Purchaser:	  	Company
		
	Product:	  	Mixed Butane
		
	Quantity:	  	[REDACTED] barrels less that amount which has been delivered to the Refinery prior to the Closing Date.
		
	Delivery:	  	As mutually scheduled via Buyer’s railcars FOB the Refinery
		
	Term:	  	Beginning on the Closing Date and ending on February 28, 2011
		
	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] Barrels Per Day, +/- 10%

	 PBOB w/10% Ethanol
	 	NuStar Terminal Truck Rack	 	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below)

 The above volumes include reformulated midgrade with 10% Ethanol demand 

 

					
	 RBOB
	 	Buckeye Pipeline	 	 [REDACTED] Barrels Per Day, +/- 10% 

	 PBOB
	 	Buckeye Pipeline	 	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below)

	 CBOB UNLEADED
	 	Buckeye Pipeline	 	 [REDACTED] Barrels Per Day, +/- 10% 

	 CBOB PREMIUM
	 	Buckeye Pipeline	 	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below) 

	 RBOB
	 	Colonial Pipeline	 	 [REDACTED] Barrels Per Day, +/- 10%

	 PBOB
	 	Colonial Pipeline	 	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below) 

 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.	Prices and Delivery: Pricing will be based on [REDACTED] quotes and rounded to six decimal places. In the event that the publisher of any price set forth on the
schedules hereto 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. All Light
Products sold hereunder shall be delivered to Buyer at Buyer’s option via the below Mode of Transportation(s): 

  

					
	 Mode of Transportation
	  	 Product
	  	 Pricing Basis and Formulation

	 NuStar Terminal Truck Rack
 (to be delivered into Truck FOB: NuStar Terminal)
	  	RBOB w/10% Ethanol	  	[REDACTED]% of the [REDACTED] plus [REDACTED]% of the [REDACTED] plus the, then current, [REDACTED] and [REDACTED] fees. For the avoidance of doubt, Buyer shall pay Seller the
applicable [REDACTED] fees by product (for example the [REDACTED] fees shall be calculated as [REDACTED]% of the gasoline handling fee and [REDACTED]% of the [REDACTED] fee for each blended gallon received). Ethanol location differential and Plains
Paulsboro handling/pipeline fees to be negotiated.
			
		  	Refortunated Midgrade w/10% Ethanol	  	[REDACTED]% of the [REDACTED] plus [REDACTED]% of the [REDACTED] cpg plus [REDACTED]% of the [REDACTED] plus the, then current, [REDACTED] and [REDACTED] fees. For the avoidance of
doubt, Buyer shall pay Seller the applicable [REDACTED] and [REDACTED] fees by product (for example the [REDACTED] and [REDACTED] fees shall be calculated as [REDACTED]% of the [REDACTED] fee and [REDACTED]% of the [REDACTED] fee for each blended
gallon received). Ethanol location differential and Plains Paulsboro handling/pipeline fees to be negotiated.
			
		  	PBOB w/10% Ethanol	  	[REDACTED]% of the [REDACTED] cpg plus [REDACTED]% of the [REDACTED] plus the, then current, [REDACTED] and [REDACTED] fees. For the avoidance of doubt, Buyer shall pay Seller the
applicable [REDACTED] and [REDACTED] fees by product (for example the [REDACTED] and [REDACTED] fees shall be calculated as [REDACTED]% of the [REDACTED] fee and [REDACTED]% of the [REDACTED] fee for each blended gallon received). Ethanol location
differential and Plains Paulsboro handling/pipeline fees to be negotiated.
			
	 Buckeye Pipeline
 (FOB:
Paulsboro)
	  	CBOB UNLEADED	  	[REDACTED]
			
		  	CBOB PREMIUM	  	[REDACTED]
			
		  	RBOB	  	[REDACTED]
			
		  	PBOB	  	[REDACTED]
			
	 Colonial Pipeline
 (FOB
Paulsboro)
	  	RBOB	  	[REDACTED]
			
		  	PBOB	  	[REDACTED]

	E.	Pricing Terms. 

  

	 	(i)	NuStar Truck Rack (delivered into truck at NuStar Terminal): The Prices for the Light Products will be based on the mean of the value derived from the pricing formula
set forth above for such Light Product on the day [REDACTED], determined by reference to the value derived from the pricing formula set forth above for such Product. If the lifting is Saturday, Sunday or a Monday holiday, then the effective price
shall be [REDACTED]. If a holiday should occur on the day prior to lifting then the effective price shall be [REDACTED]. In the event that more than one posting for the applicable Product is posted, the posting applicable to the RVP designation
actually delivered shall apply. 

  

	 	(ii)	Buckeye and/or Colonial Pipeline (FOB: Paulsboro): The Prices for the Light Products delivered via Buckeye Pipeline and/or Colonial Pipeline will be based on the mean
of the value derived from the pricing formula set forth above for such Light Product on the [REDACTED], [REDACTED], and [REDACTED] of pump. If the pump date occurs on a Saturday, then the effective price date shall be [REDACTED] business days prior
and [REDACTED] proceeding business day. If the pump date occurs on a Sunday or Monday holiday, then the effective price shall be [REDACTED] prior business day and [REDACTED] proceeding business day. In the event that more than one posting for the
applicable Product is posted, the posting applicable to the RVP designation actually delivered shall apply. 

Prices shall be rounded to six (6) decimal places. In the event that the publisher of any price set forth on the schedules hereto 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. 

 

	F.	Payment. Buyer shall pay Seller as follows: 

  

	 	(i)	For Light Products at the NuStar Terminal truck rack, within [REDACTED] Business Days after receipt of invoice and required documentation. 

 

	 	(ii)	For Light Products sold into the Buckeye Pipeline: within [REDACTED] Business Days after receipt of invoice and required documentation. 

 

	 	(iii)	For Light Products sold into Colonial Pipeline via Buckeye Pipeline: within [REDACTED] Business Days after receipt of invoice and required documentation.

  

	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] Nomination: Buyer acknowledges the existence of a [REDACTED] Off-Take Agreement dated [REDACTED], between [REDACTED] and Seller (as successor
to Valero Marketing and Supply Company), as amended (the “[REDACTED] Agreement”) pursuant to which Seller is obligated to sell to [REDACTED] produced at the Refinery at certain historic volumes (the “[REDACTED]
Products”). If after the Effective Date of this Agreement. [REDACTED], pursuant to its right under the [REDACTED] Agreement, elects to increase the volume of [REDACTED] it purchases above the “historic volumes” (as that term is
used in the [REDACTED] Agreement) and as a direct result thereof, Seller does not have sufficient supplies of [REDACTED] to meet the supply obligations under this Agreement then Seller shall continue to supply Buyer the [REDACTED] hereunder provided
that Seller will first satisfy [REDACTED]s nominated volumes under the [REDACTED] Agreement and any remaining volume will satisfy Buyer’s nominated volumes. Seller shall work with Buyer to reduce the volume of [REDACTED] supplied by
Seller to Buyer into Buckeye and Colonial Pipelines and divert that volume to cover Buyer’s sales at the Nustar Terminal. Seller shall have no obligation to make up any shortage resulting from a reduction hereunder. Furthermore, Seller shall
not be required to purchase [REDACTED] from any third party to supply the contract volume reduced under this Agreement. If Seller cannot fulfill Buyer’s nominated NuStar Terminal volumes, to the extent Seller has logistical and storage
capacity, Buyer shall be able to inhaul [REDACTED] to cover any shortfalls and will only be responsible for [REDACTED] incurred as a result of Buyer’s inhauling of [REDACTED]. If loss of product occurs as a result of Buyer’s inhauling
[REDACTED], Buyer will be responsible for any losses and any third party costs associated with such losses unless losses occur from Seller’s gross negligence or willful misconduct, then any losses or associated costs will be for the account of
Seller. 

  

	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:
	  	 Seller will charge Buyer the Following price for Asphalt sold under this Agreement:

 
 (i)     Truck Rack
Price. For Asphalt to be delivered into trucks at the Refinery Asphalt Truck Rack, the price shall be [REDACTED].
  

(ii)    Dock Price. For Asphalt to be delivered into Vessel at the Refinery Dock, the price
shall be [REDACTED].

		
	 PRICING:
	  	 Asphalt sold under this Agreement shall price as follows:

 
 (i)     for Asphalt
sold at the Refinery Asphalt Truck Rack into trucks, the pricing shall be [REDACTED].
  

(ii)    For Asphalt sold at the Refinery Dock, the pricing shall be [REDACTED].

 
 In the event that the publisher of any price used in this agreement ceases operation,
the parties agree to meet within ten (10) calendar days to agree to a replacement publication.

		
	 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: 

  

	 	•	 	 Support of SAP applications (6 months - Buyer will have to purchase separate SAP licenses if they want to use SAP beyond 6 months)

  

	 	•	 	 Support of Aspen Tech applications (6 months - Buyer will have to purchase separate Aspen Tech licenses if they want to use Aspen Tech beyond 6 months)

  

	 	•	 	 Support of network connectivity (12 months) (internet access, email, other network connectivity) (data and Internet circuit costs will be billed to
Buyer monthly from Seller) 

  

	 	•	 	 Support of long distance phone service (12 months) (long distance costs will be billed to Buyer monthly from Seller) 

 

	 	•	 	 Transition of other software applications support from Seller to Buyer for up to 12 months if permissible by software vendors. Upon prior notice and
written approval by Buyer, Buyer will pay for any additional license fees required during the Transition Services. If Buyer doesn’t pay for required additional licenses, services will be discontinued. 

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: 
 Bank Name: JPMorgan Chase
Bank, New York, NY 
 Bank Routing #: [REDACTED] 
 Account Name: Valero Energy Corporation 
 Account #: [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 [REDACTED] and VMSC dated September 16, 1998. 

 

	2.	[REDACTED] Off-Take Agreement between [REDACTED] and VMSC dated [REDACTED]. 

 

	3.	[REDACTED] Terminal Utility Service Agreement between [REDACTED] and Grantor dated [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 [REDACTED] and the
[REDACTED] Agreement by Multiparty Agreement Related to Assignment and Assumption of Contact (the [REDACTED] Assignment ”) dated [REDACTED] between VMSC, the Company, Valero Energy Corporation and [REDACTED]. As between, Seller, VMSC, Buyer and
the Company nothing contained in the Lubes Assignment or the [REDACTED] Assignment shall supersede or amend the representations, warranties. Covenants, agreements, or allocation or limitations of liability 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] Off-Take Agreement between VMSC and [REDACTED] dated [REDACTED], as amended through the Execution Date and as assigned to the Company by Multiparty Agreement
Related to Assignment and Assumption of Contract dated [REDACTED] between VMSC, the Company, Valero Energy Corporation and [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 

Federal Excise Tax Audit. [REDACTED] 

NuStar Pipeline Issues. [REDACTED] 

  
 1 

 Schedule 4.7 
 Litigation 
  

	1.	Asbestos Cases; 

 Horn,
Delmar v. Allis Chalmers, et al. 
 Jones, Diane v. American Standard, et al. 

Kreider, Sterling v. 84 Lumber, et al. 
 Reed, Edward & Marie v. Foster Wheeler, LLC 
 Reid, Robena, et al v.
Metropolitan Life, et al 
 Davis, Mary v. Owens-Illinois 

Riddle, Joseph v. Honeywell 
  

	2.	Athos I Spill - Paulsboro Refinery Claim: [REDACTED] 

  

	3.	Carol Herrera vs. Valero Energy Corporation: [REDACTED] 

  

	4.	Delaware Unclaimed Property Audit: [REDACTED] 

  

	5.	Dunn, Barbara, as Admin of the Estate of Ronald Dunn: [REDACTED] 

 

	 	
6. MTBE Litigation: Valero and its affiliates are parties to a number of cases involving claims of contamination based on the production, marketing and supply of gasoline containing MTBE,
which may or may not have originated in Valero refineries, including the Paulsboro Refinery. The list of pending MTBE matters involving Valero or its affiliates is as follows: 

 

	 	a.	City of Fresno v. Chevron, USA, Inc., et al, 04 CV-04973: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar Inc.; Valero
Marketing and Supply Company; Valero Refining Company-California. 

  

	 	b.	City of Pomona v. Chevron, USA, Inc., et al., C 08-03214: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Ultramar, Inc.; Valero
Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - California. 

  

	 	c.	Crescenta Valley Water District v. Exxon Mobil Corporation, et al, 07 CV 9453: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties:
Ultramar, Inc; Valero Refining Company-California; Valero Marketing and Supply Company. 

  

	 	d.	Great Oaks Water District v. USA Petroleum Corporation, et al., 1-07-cv-079405: Superior Court of Santa Clara County, California: Valero Parties: Ultramar Inc.,
Valero Refining Company California, Valero Marketing and Supply Company. 

  

	 	e.	Orange County Water District vs. Unocal Corporation, et al, 04 CV 4968: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties:
Ultramar Inc.; Valero Refining Company-California; Valero Marketing and Supply Company. 

  

	 	f.	The People of the State of California, et al v. Unocal Corporation, et al, 04-CIV-4972: Superior Court of Sacramento County, California; Valero Parties: Ultramar
Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company - California. 

  

	 	g.	City of Santa Barbara v. Chevron USA, Inc., et al., C 100896: Superior Court of Contra Costa County, California; Valero Parties: Ultramar Inc.; Valero Marketing
and Supply Company; Valero Refining Company – California. 

  

	 	h.	Village of Roanoke v. Ashland Inc. et al, 1:09 cv 6554 MDL 1358: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: Colorado Refining
Company; The Premcor Refining Group, Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining Company; Valero Refining and Marketing Company. 

 

	 	i.	Village of Bethalto, Illinois v. Ashland Inc., et al., 3:10 cv 396: MDL 1-358 - U.S. District Court, Southern District of New York; Valero Parties: The Premcor
Refining Group Inc.; Valero Energy Corporation; Valero Refining Company - Oklahoma; Valero Refining – Texas L.P.; Valero Refining and Marketing Company; Valero Marketing and Supply Company. 

	 	j.	Town of Kouts, Indiana v. Ashland Inc., et al., 2:10 CV 186: MDL 1358 - U.S. District Court, Southern District of New York; Valero Parties: The Premcor
Refining Group Inc.; Valero Energy Corporation; Valero Refining - Texas L.P.; Valero Refining and Marketing Company; Valero Marketing and Supply Company. 

  

 

	 	k.	Mayor and Council of Berlin, Maryland, et al., v. Ashland, Inc., et al.; 3-c-10-4543: Circuit Court of Baltimore County, Maryland: Valero Parties:
The Premcor Refining Group Inc.; Valero Energy Corporation; Valero Refining Company - New Jersey; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Delaware, LLC, (recently dismissed, refiling
possible) 

  

	 	1.	State of New Hampshire v. Amerada Hess Corporation et al, 04-Civ-4976: Superior Court of Merrimack County, New Hampshire; Valero Parties: Ultramar Energy, Inc.;
Ultramar Limited; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining-Texas, LP; Valero Refining Company-New Jersey; Valero Refining Company-Louisiana. 

 

	 	m.	Mew Jersey Department of Environmental Protection v, Atlantic Richfield Company et al, 08-CV-0312: MDL 1358 - U.S. District Court, Southern District of New York;
Valero Parties: Ultramar Energy, Inc.; Ultramar Limited; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; and The Premcor Refining Group. 

 

	 	n.	Coraopolis Water and Sewer Authority v. Ashland Inc., et al, Case ID 100700869: MDL 1358 - U.S. District Court Southern District of New York; Valero Parties: The
Premcor Refining Group Inc.; Valero Energy Corporation; Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company-New Jersey; and Valero Refining Company - Delaware, LLC. 

 

	 	o.	City of Kennett, Missouri v. Ashland Inc., et al, 10 CV 00148LMB: U.S. District Court, Eastern District of Missouri; Valero Parties: Valero Energy Corporation;
Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Oklahoma; Valero Refining Company Texas, L.P.; and The Premcor Refining Group Inc. 

 

	 	p.	City of Pattonsburg, Missouri v. Ashland Inc., et al., 10 CV 06119: U.S. District Court, Western District of Missouri; Valero Parties: Valero Energy Corporation;
Valero Marketing and Supply Company; Valero Refining and Marketing Company; Valero Refining Company - Oklahoma; Valero Refining Company Texas, L.P.; and The Premcor Refining Group Inc. 

 

	7.	Paulsboro Labor Matters: Grievances, charges and arbitrations included in Section 4.11(b) of these Schedules. 

	 	

  
 3 

	8.	Paulsboro Regen Cyclones Litigations: [REDACTED] 

  

	9.	NJ Sales and Use Tax Refund Claim: [REDACTED]  

  

	10.	Refinery Property Tax Litigation: [REDACTED]  

  

	11.	Valero Claims Management Claims: [REDACTED]  

  

									
	 PAULSBORO OPEN CLAIMS AS OF 12/16/10
	  				  	
	GL	  		  				  	
	1.135741.1GL	  	[REDACTED]	  	 	09/29/2005	  	  	[REDACTED]
	1.129507.1.GL	  	[REDACTED]	  	 	06/17/2006	  	  	[REDACTED]
	1.139429.1.GL	  	[REDACTED]	  	 	06/17/2006	  	  	[REDACTED]
	1.142906.1.GL	  	[REDACTED]	  	 	06/25/2008	  	  	[REDACTED]
	1.141084.1.GL	  	[REDACTED]	  	 	10/22/2008	  	  	[REDACTED]
	1.141186.1.GL	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	1.141286.1.GL	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	1.153602.1.GL	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	1.153759.1GL	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	1.154169.1.GL	  	[REDACTED]	  	 	10/30/2008	  	  	[REDACTED]
	1.150659.l.GL	  	[REDACTED]	  	 	02/02/2009	  	  	[REDACTED]
	1.152463.1.GL	  	[REDACTED]	  	 	05/12/2010	  	  	[REDACTED]
	1.153605.1.GL	  	[REDACTED]	  	 	07/23/2010	  	  	[REDACTED]
	1.154661.l.GL	  	[REDACTED]	  	 	09/20/2010	  	  	[REDACTED]
	1.155161.1.GL	  	[REDACTED]	  	 	10/22/2010	  	  	[REDACTED]
	1.155656.1.GL	  	[REDACTED]	  	 	12/08/2010	  	  	[REDACTED]
	 Totals For GL — 16 Claims
	  				  	

  
 4 

									
	PR 	  		  				  	
	1.116808.1.PR	  	[REDACTED]	  	 	11/26/2004	  	  	[REDACTED]
	1.116819.1.PR	  	[REDACTED]	  	 	11/26/2004	  	  	[REDACTED]
	1.147068.1.PR	  	[REDACTED]	  	 	07/09/2009	  	  	[REDACTED]
	1.151026.1.PR	  	[REDACTED]	  	 	02/18/2010	  	  	[REDACTED]
	1.155364.1.PR	  	[REDACTED]	  	 	11/15/2010	  	  	[REDACTED]
	1.155463.1.PR	  	[REDACTED]	  	 	11/22/2010	  	  	[REDACTED]
	 Totals For PR — 6 Claims
	  				  	
	 RD
	  				  	
	1.155620.1.RD	  	[REDACTED]	  	 	12/02/2010	  	  	[REDACTED]
	I.155696.1.RD	  	[REDACTED]	  	 	12/09/2010	  	  	[REDACTED]
	 Totals For RD — 2 Claims
	  				  	
	WC	  		  				  	
	1.122497.1.WC	  	[REDACTED]	  	 	04/07/2002	  	  	[REDACTED]
	1.129518.l.WC	  	[REDACTED]	  	 	03/29/2004	  	  	[REDACTED]
	1.128818.1.WC	  	[REDACTED]	  	 	02/08/2007	  	  	[REDACTED]
	1.136010.1.WC	  	[REDACTED]	  	 	11/08/2007	  	  	[REDACTED]
	1.139238.1.WC	  	[REDACTED]	  	 	06/05/2008	  	  	[REDACTED]
	1.154984.1.WC	  	[REDACTED]	  	 	08/07/2008	  	  	[REDACTED]
	1.146543.1.WC	  	[REDACTED]	  	 	06/17/2009	  	  	[REDACTED]
	1.155401.1.WC	  	[REDACTED]	  	 	06/18/2009	  	  	[REDACTED]
	1.146574.1.WC	  	[REDACTED]	  	 	06/23/2009	  	  	[REDACTED]
	1.150024.1.WC	  	[REDACTED]	  	 	12/20/2009	  	  	[REDACTED]
	1.151816.1.WC	  	[REDACTED]	  	 	04/09/2010	  	  	[REDACTED]
	1.152410.1.WC	  	[REDACTED]	  	 	05/13/2010	  	  	[REDACTED]
	1.155353.1.WC	  	[REDACTED]	  	 	07/19/2010	  	  	[REDACTED]
	1.153761.1.WC	  	[REDACTED]	  	 	08/02/2010	  	  	[REDACTED]
	1.154318.1.WC	  	[REDACTED]	  	 	09/05/2010	  	  	[REDACTED]
	1.155363.1.WC	  	[REDACTED]	  	 	11/14/2010	  	  	[REDACTED]
	 Totals For WC — 16 Claims
	  				  	
	WLS	  		  				  	
	1.138056.1.WLS	  	[REDACTED]	  	 	03/17/2008	  	  	[REDACTED]
	1.148671.1.WLS	  	[REDACTED]	  	 	10/03/2009	  	  	[REDACTED]
	 Totals For WLS — 2 Claims
	  				  	
	 Totals For Loss Run — 42 Listed Claims
	  				  	

  
 5 

 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 
 Unless otherwise noted, all inventories will price using the
agreed upon prices effective for a [REDACTED] day pricing event [REDACTED] Closing using [REDACTED] unique pricing days for each respective formula,. 
 All volumes of Product making up the Feedstock and Products Inventory that do not meet the relevant quality specifications shall be subject to downward price adjustments in an amount to be determined by
the Parties as specified in each “fallback” formula for each price group. 
 All Tank Heels shall price at the price for the component
in each tank less $[REDACTED]/Bbl. 
  

					
	 PBF Product Name
	  	 Valero Product Name
	  	 Pricing Methodology

	 Crude Oil
	  		  	
	TERRA NOVA	  	TERRA NOVA	  	In Tank: Price to be based on the average daily price differential relative to [REDACTED] for Terra Nova as published by [REDACTED] for the [REDACTED] unique days [REDACTED] the
Closing date. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] price, the average [REDACTED] differential, Valero’s actual,
[REDACTED], actual [REDACTED], and [REDACTED] costs,
			
		  		  	In Transit: Price to be based on the average of the daily price differential relative to [REDACTED] for Terra Nova as published by [REDACTED] for the [REDACTED] unique quotation
days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of the daily price differential relative to [REDACTED] for Terra Nova, the [REDACTED] price, Valero’s actual [REDACTED], actual, [REDACTED], and [REDACTED]
costs.
	VASCONIA	  	VASCONIA	  	In Tank: Price to be the differential between Vasconia and the [REDACTED] futures contract for the [REDACTED] completed by Valero for Vasconia crude. Price will be the average of
the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] futures contract settlement price, Valero’s [REDACTED] for [REDACTED], Valero’s actual [REDACTED], actual,
[REDACTED] and [REDACTED] costs.
			
		  		  	In Transit: Price to be the differential between Vasconia and

  
 Schedule 2 to
Exhibit A, Page 1 

  

					
		  		  	the [REDACTED] futures contract for the [REDACTED] completed by Valero for Vasconia crude. Price will be the average of the Daily Price for the [REDACTED] unique quotation days
[REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of the [REDACTED] differential, the [REDACTED] futures contract settlement price, Valero’s actual [REDACTED], actual [REDACTED], and [REDACTED] costs.
			
	URALS	  	URALS	  	In Tank Basis: Price to be based on the average daily price differential relative to [REDACTED] as published by [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the
Closing date. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] price, the average [REDACTED] differential, a spot market
[REDACTED] (provided by three (3) independent Ship Brokers see Note 1), and [REDACTED] costs. Freight assessment to be done on assumption of [REDACTED]/mbbls on an Aframax vessel. [REDACTED] costs for [REDACTED]mbbls at $[REDACTED]/bbl. [REDACTED]
times Aframax market demurrage assessment as deemed by independent Ship Brokers. Freight assessment to be calculated for [REDACTED]MT basis [REDACTED] assessment from broker panel consisting of McQullling, Galbraith, and Clarksons London for the
period [REDACTED] to Closing Date (consistent with pricing).
			
		  		  	In Transit FOB: Price to be based on the average of the daily price differential relative to [REDACTED] for [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Cargo
Discharge date, inclusive. Daily Price to be the sum of the daily price differential relative to [REDACTED], the [REDACTED] price, Valero’s actual freight, actual [REDACTED], plus [REDACTED] costs.
			
		  		  	In Transit DBS or CFR: Price to be based on the average of the daily price differential relative to [REDACTED] for [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the
Cargo Discharge date, inclusive. Daily Price to be the sum of the daily price differential relative to [REDACTED] the [REDACTED] price, a spot market [REDACTED] (provided by three (3) independent Ship Brokers see Note 1), and [REDACTED] costs. DES
cargoes will have no deemed losses. Freight assessment to be done on assumption of [REDACTED]mbbls on an Aframax vessel. [REDACTED] costs for [REDACTED]mbbls at $[REDACTED]/bbl. [REDACTED] times Aframax market demurrage assessment as deemed by
independent Ship Brokers. Freight

  
 482

					
			
		  		  	assessment to be calculated for [REDACTED] basis [REDACTED] assessment from broker panel consisting of McQuilling, Galbraith, and Oarksons London for the period [REDACTED]
cargo discharge date.
			
	ARABIAN LT	  	ARABIAN LT	  	In Tank: Price will be the average of the [REDACTED] for the [REDACTED] unique quotation days [REDACTED], the Closing date, inclusive. Daily Price to be the sum of the [REDACTED]
settlement, the [REDACTED] for the Port of loading applicable to the month of Closing, Valero’s last [REDACTED] actual [REDACTED] costs [REDACTED] plus costs.
			
		  		  	In-Transit: Price to be based on the average of the [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of
the [REDACTED] settlement, the [REDACTED] for the Port of loading applicable to the month of Closing, Valero’s actual [REDACTED], actual [REDACTED], plus [REDACTED] costs.
			
	KIRKUK	  	KIRKUK	  	 In Tank: Price will be the average of the [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive.
Daily Price to be the sum of the [REDACTED] settlement, the [REDACTED] applicable to the month of Closing, Valero’s last [REDACTED], actual [REDACTED] plus [REDACTED] costs and the applicable [REDACTED].

 
 In-Transit: Price to be based on the average of the [REDACTED] for the [REDACTED]
unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of [REDACTED] settlement, the [REDACTED] applicable to the month of Closing, Valero’s actual [REDACTED], actual [REDACTED], plus [REDACTED] costs,
and the applicable [REDACTED].

			
	HIBBRNIA	  	CRD-HIBERNIA	  	 In Tank: Price to be based on the average daily price differential relative to [REDACTED] for Hibernia as published by [REDACTED] for
the [REDACTED] unique days [REDACTED] the Closing date. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED], the average [REDACTED]
differential, Valero’s actual [REDACTED] for the [REDACTED], acutal [REDACTED], and [REDACTED] costs.
  
 In Transit: Price to be based on the average of the daily price

  
 483

					
			
		  		  	differential relative to [REDACTED] for Hibernia as published by [REDACTED] for the [REDACTED] unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to
be the sum of the daily price differential relative to [REDACTED] for Hibernla, the [REDACTED] price, Valero’s actual [REDACTED] actual [REDACTED], and [REDACTED] costs,
			
	ISTHMUS	  	ISTHMUS	  	in Tank: Price to be based on the average daily price differential for Isthmus relative to [REDACTED] as published by [REDACTED] for the [REDACTED] unique days [REDACTED] the
Closing date, which includes the applicable K factor. Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] futures contract
settlement price, the average [REDACTED] differential for Isthmus, Valero’s actual [REDACTED] for the last purchase of that grade, actual [REDACTED] and [REDACTED] costs.
			
		  		  	In Transit: Price to be based on Valero’s paid price differential between Isthmus and the [REDACTED] futures contract at the time the cargo priced. Price will be the average of
the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Cargo Discharge date, inclusive. Daily Price to be the sum of the Isthmus differential, the [REDACTED] futures contract settlement price, Valero’s actual [REDACTED] actual
[REDACTED] and [REDACTED] costs.
			
	CPC BLEND	  	CPC BLEND	  	In Tank Delivered Basis: Price to be based on the average daily price differential relative to [REDACTED] for [REDACTED] for the [REDACTED] unique days [REDACTED] the Closing date.
Price will be the average of the Daily Price for the [REDACTED] unique quotation days [REDACTED] the Closing date, inclusive. Daily Price to be the sum of the [REDACTED] price, the average [REDACTED], a spot market [REDACTED] (to be provided by
three (3) independent Ship Brokers, see Notel), and [REDACTED] costs to include applicable [REDACTED] Freight assessment to be calculated using [REDACTED] vessels ([REDACTED] mbbls) from [REDACTED] with [REDACTED] for of [REDACTED] days. Freight
calculation basis [REDACTED] MT utilizing broker panel consisting of McQuilling.Galbraith, and Ciarksons London for the period [REDACTED] Closing Date (consistent with pricing)
			
	M-100	  	M-1OO	  	In Tank Delivered Basis: Price to be based on Valero’s [REDACTED] between Delivered US Gulf Coast M-100 and the [REDACTED]
futures

  
 484

					
			
		  		  	contract. Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, Inclusive. Daily Price to be the sum of the M-100 differential,
the [REDACTED] futures contract settlement price, , plus [REDACTED] costs.
			
	Distillate	  		  	
			
	FINISHED HEATING OIL	  	HEATING OIL #2 FUEL	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg. If Sulfur is
[REDACTED] ppmw, a sulfur price de-escalator shall apply, as attached for “Heating Oil”. See Note 2.
			
	HEATING OIL	  	HEATING OIL #2 FUEL UNDYED	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg. If Sulfur is
[REDACTED] ppmw, a sulfur price de-escalator shall apply, as attached for “Heating Oil”. See Note 2.
			
	MARINE DIESEL	  	MARINE DIESEL	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg, plus or minus a
quality adjustment, as attached for “Marine Diesel”.
			
	FINISHED JET	  	MOBILJBTA	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED]cpg. See Note
2
			
	FINISHED LSD	  	LS DIESEL FUEL	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED].
			
	Feedstocks	  		  	
			
	FCC FEED	  	FCC CHARGB INV(HVY)	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus a quality adjustment,
as attached for “FCC Feed”.
			
	CRUDESLOP	  	TS 7 HY GAS O1L	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	COKBRFEBD/VTB	  	COKER CHARGB	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus
a

  
 485

					
			
		  		  	quality adjustment, as attached for “Coker Feed/VTB”.
			
	PDA FEED/VTB	  	345 RESID	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or mlnus a quality adjustment,
as attached for “PDA Feed/VTB”
			
	SLOP	  	API WET SLOP	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	SLOP DRYING	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	TBX-PAWBTSLOP	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	RO API SLOP	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], as calculated
herein.
			
	FCC FEED (BALTIMORE)	  	FCC FEED (BALTMORE)	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED], plus or minus a quality adjustment,
as attached for “FCC Feed”.
			
	Gasoline	  		  	
			
	RBOB	  	RBOB10.0UNLV2	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] see Note 2.
			
	PBOB	  	RBOB10.0PREV2	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] see Note 2.
			
	CBOB	  	CBOB REG 7.8 RVP	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be[REDACTED] see Note 2.
			
	CBOB REG 12.9	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, Inclusive. Daily Price to be [REDACTED] see Note
2.

  
 486

					
			
	CBOB_SUP	  	CBOB SOP 12.9	  	 Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be
[REDACTED] less.
 See Note 2.

			
	CBO BSUP7. 8 RVP	  		  	 Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be
[REDACTED] less.
 See Note 2.

			
	Intermediates	  		  	
			
	LT. STRAIGHT RUN	  	TR180 EP GASO	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] futures contract settlement price
less [REDACTED] cpg. If the octane [(R+M)/2] is greater than or equal to [REDACTED] , the discount shall be [REDACTED] cpg. See Note 3.
			
	RAW FCC NAPHTHA	  	FCC GASOLINE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus an octane and RVP adjustment as
attached for “RAW FCC NAPHTHA”.
			
	SOURNAPHTHA	  	NAPHTHA	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price less [Redacted] cpg. See Note 3.
			
	400 EP NAPHTHA	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price less [REDACTED] cpg. See Note 3.
			
	SWEET NAPHTHA	  	PRETREAT	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price less [REDACTED]cpg. See Note 3.
			
	ALKYLATE	  	ALKYLATE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus an octane and RVP adjustment as
attached for “ALKYLATE OR REFORM ATE”,
			
	RBFORMATE	  	REFORMATS	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] an octane and RVP adjustment as
attached for “ALKYLATE ORREFORMATE”.
			
	CHD1 FEED	  	CHDLGO	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED] cpg quality
adjustment less [REDACTED] cpg location basis.

  
 487

					
			
	SOUR ST RUN KBRO	  	500EPKEROSINE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less [REDACTED] cpg quality
adjustment less [REDACTED] cpg location basis.
			
	LPGS	  		  	
			
	PROPANE	  	C3C0MM PROPANE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily price to be [REDACTED] plus
$[REDACTED]/Bbl.
			
	PPMIX	  	PP-MIX PROPANE	  	Price will be the average of the Daily Price for (the [REDACTED] unique days
			
	PROPYLBNE	  		  	[REDACTED] the Closing date, inclusive. Daily Price to be: [REDACTED] minus [REDACTED] Bbl plus [REDACTED], where A= [REDACTED] B= [REDACTED]
			
	OFFSPBC PROPANE	  	OFF SPEC PROPANE	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus [REDACTED] or minus a BTU based
quality adjustment.
			
	ISOBUTANE	  	IC4 ISO BUTANB PURCH	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus
$[REDACTED]/Bbl.
			
	NORMAL BUTANE	  	C4MIX	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus
$[REDACTED]/Bbl.
			
	BB MIX/ALKY FEED	  	FCC BB STOCK	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] multiplied by
[REDACTED]
			
	Lube Plant	  		  	
			
	LUBE DISTILLATE	  	339, DIST	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus quality adjustment, as
attached for “Lube Distillate”.
			
	6154 DIST	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus quality adjustment, as
attached for “Lube Distillate”.
			
	318 DIST	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price
			
		  		  	

  
 488

					
			
		  		  	to be [REDACTED] plus or minus quality adjustment, as attached for “Lube Distillate”.
			
	6336 DIST	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] plus or minus quality adjustment, as
attached for “Lube Distillate
			
	LUBE MISC.	  	6287 LHDT CHG	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the price for [REDACTED] as calculated
herein.
			
	6051 LHDT CHARGE	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the price for [REDACTED] as calculated
herein.
			
	LUBE EXTRACT	  	LUBE EXTRACT 130VIS	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE EXTRACT 100VIS	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE EXTRACT 45VIS	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	345 FURF EXT	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE EXTRACT	  	318 FURF EXT	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	339 FURF EXT	  		  	Price will be the average of the Daily Pricefor the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average of: [REDACTED]
			
	LUBE BASE OIL	  	6154 STOCK	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, Inclusive. Daily
Price

  
 489

					
			
		  		  	contract settlement price plus [REDACTED]$/bbl.
			
	6336 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED]$/bbl.
			
	339 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED]$/bbl.
			
	VP850 Stock	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED] $/bbl.
			
	318 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED]$/bbl.
			
	345 STOCK	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the [REDACTED] futures contract settlement
price plus [REDACTED] $/bbl.
			
	LUBERAFFINATE	  	850 Furf Raff	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive, Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) plus [REDACTED]$/bbl.
			
	6336 RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) plus [REDACTED]$/bbl.
			
	LUBERAFFINATE	  	6154 FURF RAFF	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the dosing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) plus [REDACTED]$/bbl.
			
	339 FURP RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality) [REDACTED]$bbl.
			
	318 FURF RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] (as calculated herein and adjusted for quality)

  
 490

					
			
		  		  	plus [REDACTED]
			
	345 RAFF	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the closing date, inclusive. Daily Price to be the volumetric weighted average of the
individual [REDACTED] prices (as calculated herein and adjusted for qualify) plus [REDACTED] $/bbl.
			
	Residual	  		  	
			
	FCCSLURRY/DBCANT CLAR SLURRY OIL	  		  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be [REDACTED] less
$[REDACTED]/BBL.
			
	ASPHALT	  	ASPHALT CMNTPG64-22	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily price to be one hundred percent (100%) of the mean of the
[REDACTED] , Density factor for converting prices from short tons to barrels to be [REDACTED] Bbl/short ton.
			
	DAO	  	PD 345 RAFF	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing date, inclusive. Daily Price to be the average [REDACTED], as calculated herein,
less $[REDACTED]/bbl.

  
 491

 Other 
  

			
	 Ethanol
	  	Price will be the average of the Daily Price for the [REDACTED] unique days [REDACTED] the Closing Date, Inclusive, Daily Price to be [REDACTED]
		
	 Sulfur
	  	[REDACTED], minus $[REDACTED/bbl for freight.
		
	 Petcoke at Refinery
	  	[REDACTED] minus $[REDACTED] per Wet Metric Ton using the [REDACTED] Pace Index.
		
	 Petcoke Port Contractors (Port of Wilmington)
	  	[REDACTED] using the [REDACTED] Pace Index. Valero to retain ownership of any inventory of Petcoke located in the barn at the Port Contractors - Facility B1 - 310 Pigeon Point
Road, New Castle, Delaware.

  
 Part II to
Exhibit A, Page 10 

 QUALITY ADJUSTERS 
  

			
	HEATING OIL	  	1) If Sulfur is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sulfur above [REDACTED] ppmw, the price shall be reduced by [REDACTED] cents per gallon, pro rata.
		
		  	Example; If the Sulfur is [REDACTED] ppmw, the adjustment shall be;
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] ppmw.
		
	MARINE DIESEL	  	1) If Sulfur is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sulfur above [REDACTED] ppmw, the price shall be reduced by [REDACTED] cents per gallon, pro rata.
		
		  	Example: If the Sulfur is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] ppmw.
		
		  	2) If API gravity at [REDACTED] degrees Fahrenheit is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree API gravity below [REDACTED], the price shall be reduced by [REDACTED] per gallon, pro rata.
		
		  	Example: If the API gravity is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for API gravity at or greater than [REDACTED].
		
		  	3) If Cetane Index is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] Cetane Index below [REDACTED], the price shall be reduced by [REDACTED] per gallon, pro rata.
		
		  	Example: If the Cetane Index is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Cetane Index at or greater than [REDACTED].

  
 Part II to
Exhibit A, Page 11 

 QUALITY ADJUSTER (2) 
  

			
	FCC FEED	  	1) If Sulfur is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.
		
		  	2) If API gravity at [REDACTED] degrees Fahrenheit is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree API gravity below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the API gravity is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for API gravity at or greater than [REDACTED].
		
		  	3) If Nitrogen is is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nitrogen above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Nitrogen is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nitrogen at or less than [REDACTED] ppmw.
		
		  	4) If Analine Point is less than [REDACTED] degrees Fahrenheit, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree Fahrenheit below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Analine Point is [REDACTED] degrees Fahrenheit, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Analine Point at or greater than [REDACTED] degrees Fahrenheit.
		
		  	5) If Vanadium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Vanadium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro
rata.

  
 Part II to
Exhibit A, Page 12 

  

			
		  	Example: If the Vanadium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Vanadium at or less than [REDACTED] ppmw.

  
 Part II to
Exhibit A, Page 13 

 QUALITY ADJUSTERS (3) 
  

			
	FCC FEED (cont)	  	6) If Nickel is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nickel above [REDACTED] ppmw, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Nickel is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nickel at or less than [REDACTED] ppmw.
		
		  	7) If Sodium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sodium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Sodium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sodium at or less than [REDACTED] ppmw.
		
		  	8) If Conradson’s Carbon (CCR) is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] wt% Conradson’s Carbon between [REDACTED] wt.% and [REDACTED] wt.%, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	For every [REDACTED] wt.% Conradson’s Carbon greater than [REDACTED] wt.%, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Conradson’s Carbon at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 14 

 QUALITY ADJUSTERS (4) 
  

			
	COKER FEED/VTB	  	1) If Sulfur is greater than [REDACTED]wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED]wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 15 

 QUALITY ADJUSTERS (5) 
  

			
	PDA FEED/VTB	  	1) If Sulfur is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 16 

 QUALITY ADJUSTERS (6) 
 RAW FCC NAPHTHA 
 1) OCTANE ADJUSTMENT, RELATIVE TO ARGUS NYH CBOB 83.5 BARGE MEAN: 

A = [REDACTED] 
 B = [REDACTED] 

OCTANE ADJUSTMENT = A * B 
  

			
	EXAMPLE:	  	
		  	 [REDACTED] = [REDACTED] CPG

		  	 [REDACTED] = [REDACTED] CPG

		  	[REDACTED] = [REDACTED]

  

			
		  	A = [REDACTED] = [REDACTED]
		
		  	B = [REDACTED]

 OCTANE ADJUSTMENT = A * B = [REDACTED] 
 2) RVP ADJUSTMENT, RELATIVE TO ARGUS NYH CBOB 83.5 BARGE MEAN: 
 A = [REDACTED] 

B = [REDACTED] 
 RVP ADJUSTMENT = A * B

  

			
	EXAMPLE:	  	 [REDACTED] = [REDACTED] CPG

[REDACTED] = [REDACTED] CPG
 [REDACTED] =
[REDACTED] PSI
 [REDACTED] = [REDACTED] PSI

  

	
	A = [REDACTED]
	 B = [REDACTED]

  
 Part II to
Exhibit A, Page 17 

 RVP ADJUSTMENT = A * B = [REDACTED] 

  
 Part II to
Exhibit A, Page 18 

 QUALITY ADJUSTERS (7) 
 ALKYLATE OR REFORMATE 
 1) OCTANE ADJUSTMENT, RELATIVE TO ARGUS NYH 87 M PROMPT BARGE MEAN:

 A = [REDACTED] 
 B = [REDACTED]

 OCTANE ADJUSTMENT = A * B 
  

					
			
		  	EXAMPLE:	  	
			
		  		  	[REDACTED] = [REDACTED] CPG
			
		  		  	[REDACTED] = [REDACTED]
			
		  		  	[REDACTED] = [REDACTED]
			
		  	A = [REDACTED]	  	
			
		  	B = [REDACTED]	  	
		
	 OCTANE ADJUSTMENT = A * B = [REDACTED]
	  	
	
	 2) RVP ADJUSTMENT, RELATIVE TO ARGUS NYH 87 M PROMPT BARGE MEAN:

			
	 A = [REDACTED]
	  		  	
			
	 B = [REDACTED]
	  		  	
			
	RVP ADJUSTMENT = A * B	  		  	
			
		  	EXAMPLE:	  	
			
		  		  	[REDACTED] = [REDACTED]
			
		  		  	[REDACTED] = [REDACTED] CPG
			
		  		  	[REDACTED] = [REDACTED] PSI
			
		  		  	[REDACTED] = [REDACTED] PSI
			
		  	A = [REDACTED]	  	

  
 Part II to
Exhibit A, Page 19 

 B = [REDACTED] 
 RVP ADJUSTMENT = [REDACTED] 

  
 Part II to
Exhibit A, Page 20 

 QUALITY ADJUSTERS (8) 
  

			
	LUBE DISTILLATE	  	1) If Sulfur is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	Sulfur Adjustment = [REDACTED]
		
		  	Example: If the Sulfur is [REDACTED] wt.% the adjustment shall be: (using prices from 09/14/2010):
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sulfur at or less than [REDACTED] wt.%.
		
		  	2) If API gravity at [REDACTED] degrees Fahrenheit is less than [REDACTED], the following adjustment shall be added to the price:
		
		  	For every [REDACTED] API gravity below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the API gravity is [REDACTED], the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for API gravity at or greater than [REDACTED].
		
		  	3) If Nitrogen is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nitrogen above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Nitrogen is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nitrogen at or less than [REDACTED] ppmw.
		
		  	4) If Analine Point is less than [REDACTED] degrees Fahrenheit, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] degree Fahrenheit below [REDACTED], the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Analine Point is [REDACTED] degrees Fahrenheit, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Analine Point at or greater than [REDACTED] degrees Fahrenheit.

  
 Part II to
Exhibit A, Page 21 

			
		
		  	5) If Vanadium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Vanadium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Vanadium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Vanadium at or loss than [REDACTED] ppmw.
		
	QUALITY ADJUSTERS (9)	  	
		
	LUBE DISTILLATE (cont)	  	6) If Nickel is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Nickel above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Nickel is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Nickel at or less than [REDACTED] ppmw.
		
		  	7) If Sodium is greater than [REDACTED] parts-per-million (ppm) by weight (ppmw), the following adjustment shall be added to the price:
		
		  	For every [REDACTED] ppmw Sodium above [REDACTED] ppmw, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Sodium is [REDACTED] ppmw, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Sodium at or less than [REDACTED] ppmw.
		
		  	8) If Conradson’s Carbon (CCR) is greater than [REDACTED] wt.%, the following adjustment shall be added to the price:
		
		  	For every [REDACTED] wt% Conradson’s Carbon between [REDACTED] wt.% and [REDACTED] wt.%, the price shall be reduced by $[REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	For every [REDACTED] wt.% Conradson’s Carbon greater than [REDACTED] wt.%, the price shall be reduced by [REDACTED] per barrel, pro rata.
		
		  	Example: If the Conradson’s Carbon is [REDACTED] wt.%, the adjustment shall be:
		
		  	 [REDACTED]

		
		  	No adjustment shall apply for Conradson’s Carbon at or less than [REDACTED] wt.%.

  
 Part II to
Exhibit A, Page 22 

 NOTES 
 NOTE 1: 
 Where required, freight assessments shall be obtained and averaged via
the following three (3) independent Ship Brokers. 
 1. Poten 

2. McQuilling 

3. Dietze 
 NOTE 2: 

In the event that more than one price posting or assessment for the applicable is available, the price posting or assessment applicable to
the product delivered shall apply. In the event a price posting or assessment for the product delivered does not exist, the parties make appropriate adjustments to the closest price posting or assessment to compensate for quality differences. (I.E.
Gasoline RVP during transition periods.) 
 NOTE 3: 
 All references to the Front Month Nymes RBOB futures contract are valid if and only if the Front contact month at Closing precedes the April 2011 Nymes RBOB futures contract. 

  
 Part II to
Exhibit A, Page 23 

 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 
 Crude Oil 

Dock to S-79 tk. — [REDACTED] bbls. 
 Crude
charge pump station to CU#6 — [REDACTED] bbls. 
 Crude charge pump station to CU#7 — [REDACTED] bbls. 

FCC charge / VGO 
  
 Dock to
S-70 tk. — [REDACTED] bbls. 
 FCC charge pump station to FCC — [REDACTED] bbls. 

CCR charge 
 Dock Naphtha line to S-81
tk. — [REDACTED] bbls. 
 CCR charge pump station to CCR — [REDACTED] bbls. 
 Distillate 
 CHD #1 to S-51 tk. — [REDACTED] bbls. 

Dock to S-51 tk. (10” line) — [REDACTED] bbls. 
 Dock to S-51 tk. (16” line) — [REDACTED] bbls. 
 S-51 tk. to NuStar Sales Terminal —
[REDACTED] bbls. 
 1911 chain valve to NuStar Sales Terminal (1600’ X 8” pipe) — [REDACTED] bbls. 

Jet 
 Dock to S-33 tk. — [REDACTED]
bbls. 
 CHD #2 to 2808 tk. — [REDACTED] bbls. 
 G-122 to NuStar Sales Terminal (1700’ x 8” pipe) — [REDACTED] bbls. 
 Jet pumping
station to Phila. Airport — [REDACTED] bbls. 
 Gasoline 
 2941 tk. to BPL pumping station at Paulsboro — [REDACTED] bbls. 
 Dock to 2941 tk. —
[REDACTED] bbls. 
 2173 tk. to NuStar Sales Terminal — [REDACTED] bbls. 
 Premium 
 VP3574 pump to NuStar Sales Terminal — [REDACTED] bbls. 

  
 Exhibit C

 Ethanol 
 Plains through the Tee to Nustar tank 1972 — [REDACTED] bbls. 
 Lube lines 

#2 line to XOM — [REDACTED] bbls. 
 #3 line
to XOM — [REDACTED] bbls. 
 #4 line to XOM — [REDACTED] 
 #5 line to XOM — [REDACTED] 
 #6 line to XOM — [REDACTED] bbls. 

#7 line to XOM — [REDACTED] bbls. 
 LPG

 Coker OM to LPG tankage: 
 BB
– [REDACTED] bbls. 
 C3 – [REDACTED] bbls. 
 Deprop to OM tankage 
 BB – [REDACTED] bbls. 

C3 – [REDACTED] bbls. 
 CCR to OM tankage

 C3 – [REDACTED] bbls. 
 FCC to
OM tankage 
 PP – [REDACTED] bbls. 
 Alky to OM tankage 
 C3 – [REDACTED] bbls. 

  
 Exhibit C

 EXHIBIT D 
 BUTANE SUPPLY TERMS 
  

			
	 Seller:
	    	Valero Marketing and Supply Company
		
	 Purchaser:
	    	Company
		
	 Product:
	    	Mixed Butane
		
	 Quantity:
	    	 [REDACTED] barrels less that amount which has been delivered to the Refinery prior to the Closing Date.

		
	 Delivery:
	    	 As mutually scheduled via Buyer’s railcars FOB the Refinery

		
	 Term:
	    	Beginning on the Closing Date and ending on February 28, 2011
		
	 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 [REDACTED] $[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 [REDACTED] $[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] Barrels Per Day, +/- 10%

			
	PBOB w/10% Ethanol	  	NuStar Terminal Truck Rack	  	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below)

 The above volumes include reformulated midgrade with 10% Ethanol demand 

 

					
	RBOB	  	Buckeye Pipeline	  	 [REDACTED] Barrels Per Day +/-
10%

			
	PBOB	  	Buckeye Pipeline	  	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below)

			
	CBOB UNLEADED	  	Buckeye Pipeline	  	 [REDACTED] Barrels Per Day, +/- 10%

			
	CBOB PREMIUM	  	Buckeye Pipeline	  	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below)

			
	RBOB	  	Colonial Pipeline	  	 [REDACTED] Barrels Per Day, +/- 10%

			
	PBOB	  	Colonial Pipeline	  	 [REDACTED] Barrels Per Day, +/- 10%
 (subject to the Nomination section below)

 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.	Prices and Delivery: Pricing will be based on [REDACTED] quotes and rounded to six decimal places. In the event that the publisher of any price set forth
on the schedules hereto 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. All
Light Products sold hereunder shall be delivered to Buyer at Buyer’s option via the below Mode of Transportation(s): 

  

					
	 Mode of Transportation
	  	 Product
	  	 Pricing Basis and Formulation

	 NuStar Terminal Truck Rack
 (to be delivered into Truck FOB: NuStar Terminal)
	  	 RBOB w/10% Ethanol
	  	 [REDACTED]% of the [REDACTED] plus [REDACTED]% of the [REDACTED] plus the, then current, [REDACTED] and [REDACTED]. For the avoidance of
doubt, Buyer shall pay Seller the applicable [REDACTED] by product (for example the [REDACTED] fees shall be calculated as [REDACTED]% of the gasoline handling fee and [REDACTED]% of the ethanol handling fee for each blended gallon received). The
ethanol location differential shall be [REDACTED] cpg. The throughput and handling differential for delivery of ethanol to the NuStar facility shall be [REDACTED] cpg for the first [REDACTED] days from the Effective date. Commencing on the
[REDACTED] day following the Effective date the throughput and handling differential for delivery of ethanol to the NuStar facility shall be [REDACTED] cpg.

			
		  	Reforumulated Midgrade w/10% Ethanol	  	[REDACTED]% of the [REDACTED] plus [REDACTED]% of the [REDACTED] cpg plus [REDACTED]% of the [REDACTED] plus the, then current, [REDACTED] and [REDACTED]. For the avoidance of
doubt, Buyer shall pay Seller the applicable [REDACTED] and [REDACTED] by product (for example the [REDACTED] and [REDACTED] shall be calculated as [REDACTED]% of the gasoline handling fee and [REDACTED]% of the ethnol handling fee for each blended
gallon received). The ethanol location differential shall be [REDACTED] cpg. The thoroghput and handling differential for delivery of ethanol to the NuStar facility shall be [REDACTED] cpg for the first [REDACTED] days from the Effective date.
Commencing on

  
 Exhibit A,
Page 2 

					
			
		  		  	The [REDACTED] day following the Effective date the throughput and handling differential for delivery of ethanol to the NuStar facility shall be [REDACTED] cpg.
			
		  	PBOB w/10% Ethanol	  	[REDACTED]% of the [REDACTED] cpg plus [REDACTED]% of the [REDACTED] plus the, then current, [REDACTED] and [REDACTED]. For the avoidance of doubt, Buyer shall pay Seller the
applicable [REDACTED] and [REDACTED] by product (for example the NuStar Terminal throughput and handling fees shall be calculated as [REDACTED]% of the gasoline handling fee and [REDACTED]% of the ethanol handling fee for each blended gallon
received). The ethanol location differential shall be [REDACTED] cpg. The throughput and handling differential for delivery of ethanol to the NuStar facility shall be [REDACTED] cpg for the first [REDACTED] days from the Effective date. Commencing
on the [REDACTED] day following the Effective date the
throughput and handling differential for delivery of ethanol to the NuStar facility shall be [REDACTED] cpg.
			
	 Buckeye Pipeline

(FOB:Paulsboro)
	  	 CBOB
 UNLEADED
	  	[REDACTED]
			
		  	 CBOB
 PREMIUM
	  	[REDACTED]
			
		  	RBOB	  	[REDACTED]
			
	 Colonial Pipeline
 (FOB
Paulsboro)
	  	RBOB	  	[REDACTED]
			
		  	RBOB	  	[REDACTED]

  

	E.	Pricing Terms. 

  

	 	(i)	NuStar Truck Rack (delivered into truck at NuStar Terminal): The Prices for the Light Products will be based on the mean of the value derived from the pricing formula
set forth above for such Light Product on the day [REDACTED], determined by reference to the value derived from the pricing formula set forth above for such Product. If the lifting is Saturday, Sunday or a Monday holiday, then the effective price
shall be [REDACTED]. If a holiday should occur on the day prior to lifting then the effective price shall be calculated on the Business Day [REDACTED]. In the event that more than one posting for the applicable Product is posted, the posting
applicable to the RVP designation actually delivered shall apply. 

  

	 	(ii)	Buckeye and/or Colonial Pipeline (FOB: Paulsboro): The Prices for the Light Products delivered via Buckeye Pipeline and/or Colonial Pipeline will be based on the mean
of the value derived from the pricing formula set forth above for such Light Product on the day [REDACTED], [REDACTED], and [REDACTED] of pump. If the pump date occurs on a Saturday, then the effective price dates shall [REDACTED] business days
prior and [REDACTED] proceeding business day. If the pump date occurs on a Sunday or Monday holiday, then the effective price shall be [REDACTED] prior business day and [REDACTED] proceeding business days. In the event that more than one posting for
the applicable Product is posted, the posting applicable to the RVP designation actually delivered shall apply. 

Prices shall be rounded to six (6) decimal places. In the event that the publisher of any price set forth on the schedules hereto 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. 

 

	F.	Payment. Buyer shall pay Seller as follows: 

  

	 	(i)	For Light Products at the NuStar Terminal truck rack, within [REDACTED] Business Days after receipt of invoice and required documentation. 

 

	 	(ii)	For Light Products sold into the Buckeye Pipeline: within [REDACTED] Business Days after receipt of invoice and required documentation. 

 

	 	(iii)	For Light Products sold into Colonial Pipeline via Buckeye Pipeline: within [REDACTED] Business Days after receipt of invoice and required documentation.

  

	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 3 

	 	(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] Nomination: Buyer acknowledges the existence of a [REDACTED] Off-Take Agreement dated [REDACTED], between [REDACTED] and
Seller (as successor to Valero Marketing and Supply Company), as amended (the “[REDACTED] Agreement”) pursuant to which Seller is obligated to sell to [REDACTED] produced at the Refinery at certain historic volumes
(the “[REDACTED] Products”). If after the Effective Date of this Agreement, [REDACTED], pursuant to its right under the [REDACTED] Agreement, elects to increase the volume of [REDACTED] it purchases above the
“historic volumes” (as that term is used in the [REDACTED] Agreement) and as a direct result thereof, Seller does not have sufficient supplies of [REDACTED] to meet the supply obligations under this Agreement then Seller shall continue to
supply Buyer the [REDACTED] hereunder provided that Seller will first satisfy [REDACTED]s nominated volumes under the [REDACTED] Agreement and any remaining volume will satisfy Buyer’s nominated volumes. Seller shall work with Buyer to reduce
the volume of [REDACTED] supplied by Seller to Buyer into Buckeye and Colonial Pipelines and divert that volume to cover Buyer’s sales at the Nustar Terminal. Seller shall have no obligation to make up any shortage resulting from a reduction
hereunder. Furthermore, Seller shall not be required to purchase [REDACTED] from any third party to supply the contract volume reduced under this Agreement. If Seller cannot fulfill Buyer’s nominated NuStar Terminal volumes, to the extent
Seller has logistical and storage capacity, Buyer shall be able to inhaul [REDACTED] to cover any shortfalls and will only be responsible for [REDACTED] incurred as a result of Buyer’s inhauling of [REDACTED]. If loss of product occurs as a
result of Buyer’s inhauling [REDACTED], Buyer will be responsible for any losses and any third party costs associated with such losses unless losses occur from Seller’s gross negligence or willful misconduct, then any losses or associated
costs will be for the account of Seller. 

  
 Exhibit A,
Page 4 

	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 5 

 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:	  	 Seller will charge Buyer the Following price for Asphalt sold under this Agreement:

		
		  	 (i)     Truck Rack Price. For Asphalt to be delivered into trucks at the Refinery Asphalt
Truck Rack, the price shall be [REDACTED].

		
		  	 (ii)    Dock Price. For Asphalt to be delivered into Vessel at the Refinery Dock, the price shall
be [REDACTED].

		
	PRICING:	  	 Asphalt sold under this Agreement shall price as follows:

		
		  	 (i)     for Asphalt sold at the Refinery Asphalt Truck Rack into trucks, the pricing shall be
[REDACTED].

		
		  	 (ii)    For Asphalt sold at the Refinery Dock, the pricing shall be [REDACTED].

		
		  	In the event that the publisher of any price used in this agreement ceases operation, the parties agree to meet within ten (10) calendar days to agree to a replacement
publication.
		
	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] gallons per month, subject to nomination provision below.

		
	 PRICE:
	  	 Seller will charge Buyer the following price for Jet Fuel sold under this Agreement:

		
		  	[REDACTED]
		
	 PRICING:
	  	 Jet Fuel sold under this Agreement shall be priced based on the prior week [REDACTED] plus the [REDACTED] (currently [REDACTED]
gallon) effective the following Tuesday through Monday. Prices shall be rounded to six (6) decimal places. In the event that the publisher of any price set forth on the schedules hereto 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.

		
	 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: 

  

	 	•	 	 Support of SAP applications (6 months – Buyer will have to purchase separate SAP licenses if they want to use SAP beyond 6 months)

  

	 	•	 	 Support of Aspen Tech applications (6 months – Buyer will have to purchase separate Aspen Tech licenses if they want to use Aspen Tech beyond 6
months) 

  

	 	•	 	 Support of network connectivity (12 months) (internet access, email, other network connectivity) (data and Internet circuit costs will be billed to
Buyer monthly from Seller) 

  

	 	•	 	 Support of long distance phone service (12 months) (long distance costs will be billed to Buyer monthly from Seller) 

 

	 	•	 	 Transition of other software applications support from Seller to Buyer for up to 12 months if permissible by software vendors. Upon prior notice and
written approval by Buyer, Buyer will pay for any additional license fees required during the Transition Services. If Buyer doesn’t pay for required additional licenses, services will be discontinued. 

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: 
 Bank Name: JPMorgan Chase
Bank, New York, NY 
 Bank Routing#: [REDACTED] 
 Account Name: Valero Energy Corporation 
 Account #: [REDACTED] 

  
 1

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