Document:

Exhibit

Exhibit 4.11

SUPPLEMENTAL INDENTURE
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of November 11, 2015 among Tesoro Corporation, a Delaware corporation (the “Company”), 2Go Tesoro Company, a Delaware corporation (the “New Guarantor”), and U.S. Bank National Association, as trustee under the indenture referred to below (the “Trustee”).  Capitalized terms used herein and not defined herein shall have the meaning ascribed to them in the Indenture (as defined below).
W I T N E S S E T H :
WHEREAS, the Company and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented and in effect, the “Indenture”), dated as of March 18, 2014 pursuant to which the Company has issued an aggregate principal amount of $300,000,000 of 5.125% Senior Notes due 2024 (the “Notes”);
WHEREAS, Article X of the Indenture provides that under certain circumstances the Company may or must cause certain of its Subsidiaries to execute and deliver to the Trustee a supplemental indenture pursuant to which such Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under the Notes pursuant to a Subsidiary Guarantee on the terms and conditions set forth herein; and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the New Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.     Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.     Agreement to Guarantee.  Each New Guarantor hereby agrees, jointly and severally with all other Guarantors, to guarantee the Company’s Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in Article X of the Indenture and to be bound by all other applicable provisions of the Indenture as a Guarantor thereunder.
3.     No Recourse Against Others.  No past, present or future director, officer, employee, manager, incorporator, partner, member, agent, shareholder or other owner of Capital Stock of any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, any Subsidiary Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.
4.     NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

[2024 Notes Supplemental Indenture]

5.     Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
6.     Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.
7.     The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the correctness of the recitals of fact contained herein, all of which recitals are made solely by the New Guarantor.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

TESORO CORPORATION

By:       /s/  BRAD S. LAKHIA                
Name:    Brad S. Lakhia
Title:    Vice President and Treasurer

2GO TESORO COMPANY 

By:       /s/  BRAD S. LAKHIA                
Name:    Brad S. Lakhia
Title:    Vice President and Treasurer

U.S. BANK NATIONAL ASSOCIATION, as Trustee
By:      /s/  JAMES KOWALSKI        
Name:    James Kowalski
Title:    Vice President

[2024 Notes Supplemental Indenture]Exhibit

Exhibit 10.63

TESORO CORPORATION
DESCRIPTION OF 2016 INCENTIVE COMPENSATION PROGRAM

On January 28, 2016, the Compensation Committee approved the terms of the 2016 Incentive Compensation Program (the “2016 ICP” or the “2016 Program”). In addition, the Compensation Committee approved the target payouts for our Chief Executive Officer other named executive officers. The 2016 Program consists of two components: Corporate and Business Unit performance, which are outlined below. The performance results of Tesoro Corporation (the “Company”) and the individual business units may be adjusted to take into account unbudgeted business decisions, unusual or non-recurring items, and other factors, as approved by the Compensation Committee, to determine the total amount, if any, available under the 2016 ICP. The Compensation Committee also has discretion to adjust individual awards based on their assessment of an individual executive’s performance relative to successful achievement of goals, business plan execution, and other leadership attributes.

Component 1 - Corporate Performance - measured against target with the range of outcomes between 0% and 200%. Corporate performance metrics include the following:
		
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	Achievement of earnings before interest, taxes, depreciation and amortization (“EBITDA”) measured on a margin neutral basis (this is the most heavily weighted metric, constituting 50% of the bonus opportunity for the corporate performance component)

		
	•
	Safety - Targeted improvement in recordable incidents (this metric constitutes 5% of the bonus opportunity for the corporate performance component)

		
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	Process Safety Management - Targeted improvement in the number of process safety incidents (this metric constitutes 5% of the bonus opportunity for the corporate performance component)

		
	•
	Environmental - Targeted improvement in the number of environmental incidents (this metric constitutes 5% of the bonus opportunity for the corporate performance component)

		
	•
	Cost Management - Measurement of non-capital cash expenditure versus budget (this metric constitutes 17.5% of the bonus opportunity for the corporate performance component)

		
	•
	Business Improvement - Targeted improvements from capital improvement initiatives, synergies related to asset acquisitions and other projects and initiatives (this metric constitutes 17.5% of the bonus opportunity for the corporate performance component)

Component 2 - Business Unit Performance - measured against target with the range of outcomes between 0% to 200%. Business Unit performance is measured through balanced scorecards with performance metrics including, but not limited to:
		
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	Safety and Environmental

		
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	Cost Management

		
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	Improvements in EBITDA

		
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	Business improvements and value creation initiativesExhibit

Exhibit 10.99

TESORO CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM
(Effective as of January 1, 2016)

The Company’s director compensation program for 2016 provides for an annual retainer of $280,000, payable $120,000 in cash and $160,000 in the form of restricted stock units representing the right to receive shares of common stock with dividend equivalent rights (“RSUs”). Such RSUs vest one year from the date of grant, which is made in connection with the annual meeting of stockholders. 

In addition, independent Lead Director and Committee Chairs are entitled to the following annual amounts: Lead Director -- $75,000; Audit Committee Chair and Compensation Committee Chair -- $20,000; Environmental Health, Safety & Security Committee Chair and Governance Committee Chair -- $15,000.Exhibit

Exhibit 10.104
Green River Processing, February 19, 2016

Effective Date: February 19, 2016                
	
		
	GREEN RIVER PROCESSING, LLC
	GREEN RIVER PROCESSING, LLC

	Contract No: [________________]
	19100 RIDGEWOOD PKWY

	 
	SAN ANTONIO, TX 78259

	TESORO REFINING & MARKETING COMPANY LLC
	210.828.8484

	Contract No: ________  
	210.579.4578 Fax

Attn:  Contract Administration

This Confirmation (“Confirmation”) confirms the transaction discussed and agreed upon on February 19, 2016, between TESORO REFINING & MARKETING COMPANY LLC, a Delaware limited liability company (hereinafter referred to as "Buyer"), and GREEN RIVER PROCESSING, LLC, a Delaware limited liability company (hereinafter referred to as "Seller").  Buyer agrees to purchase, and Seller agrees to sell, Crude Oil under the terms and conditions set forth in this Confirmation and the Conoco General Provisions – Domestic Crude Oil Agreements effective January 1, 1993 (the “GTC’s”), as amended herein, and hereby incorporated by this reference.  This Confirmation and the GTCs are collectively referred to as the “Contract”. 

IDENTIFICATION OF CRUDE OIL:    The crude oil being purchased hereunder is crude petroleum oil, in its natural produced state after normal oilfield separation, as specified and identified in the Quality section below.

CONTRACT TERM:    This Contract shall extend for an initial term beginning February 19, 2016 and ending January 31, 2017 and shall automatically, on an evergreen basis, beginning February 1, 2017, renew for one (1) month terms thereafter.  After the initial term, either Party may cancel this Contract upon at-least thirty (30) days’ prior written notice before the end of any term.

TOTAL MAXIMUM CONTRACT VOLUME:    Up to 3,300 Barrels per day

DEAL DETAIL 1)

QUALITY:    Southwest Wyoming Sweet Crude (U-Crude)

DELIVERY:    Free-Into-Pipe Granger, WY via Plains All American Pipeline (PL)

TITLE/ROL:    Except as otherwise specified in this Contract, title and risk of loss or damage shall pass from Seller to Buyer Free-Into-Pipe (after the crude oil passes through the inlet flange of metering facilities) at Granger, WY immediately after Seller has title from its supplier.

PRICE:    Buyer agrees to pay Seller based on: the pricing set forth in Seller’s agreement with its supplier.

	
			
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DEAL DETAIL 2)

QUALITY:    Southwest Wyoming Sweet Crude (U-Crude)

DELIVERY:    Free-Into-Pipe at Salt Lake City, UT via Plains All American Pipeline (PL)

TITLE/ROL:    Except as otherwise specified in this Contract, title and risk of loss or damage shall pass from Seller to Buyer Free-Into-Pipe (after the crude oil passes through the inlet flange of metering facilities) at Salt Lake City, UT immediately after Seller has title from its supplier.

PRICE:    Buyer agrees to pay Seller based on: the pricing set forth in Seller’s agreement with its supplier.

Applicable to all Details:

SPECIAL DELIVERY PROVISIONS:    N/A

PAYMENT:    Payment due the 20th of the month following delivery month.  Payment shall be made by electronic funds transfer in United States dollars.

Payments due on Saturday shall be paid the preceding Friday, and payments due on Sunday shall be paid on the following Monday.  Similarly, payments due on a federal bank holiday shall be paid the preceding business day except when a federal bank holiday falls on a Monday, when payment shall be due the following day.

All payments made under this Contract shall be made without offset, deduction or counter-claim except as provided herein, by separate written agreement between the parties, or within the GTCs.  If applicable, net-out invoices shall be according to the established netting agreement between Buyer and Seller.

All stated payment terms herein are subject to approval by the Buyer’s Credit Department.  Buyer reserves the right to change such terms in accordance with the financial responsibility provision of the GTCs.

Send Invoices to:    TESORO REFINING & MARKETING COMPANY LLC
19100 RIDGEWOOD PKWY
SAN ANTONIO, TX 78259

Attn: Crude Accounting, Fax (210) 881-6435
Email: TSOCrudeinvoices@tsocorp.com
and
Attn: Crude Accounts Payable, Fax (210) 569-5160  
Email: APCommodities@tsocorp.com

PAYMENT NETTING:    Seller and Buyer may enter into contracts to buy and sell crude oil within the same delivery month with payment due each other on the same payment date.  In such event, upon agreement by both parties, on such payment date, the parties' current payment obligations to each 

	
			
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other shall be netted out, and each party's obligation to make payment of any such netted amount to the other party automatically will be deemed satisfied and discharged to the extent of the obligation owed to such party by the other party, and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, the net payment obligations shall be replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay the other party a net balance equal to the excess of the larger aggregate amount over the smaller aggregate amount.

GENERAL PROVISIONS:    The GTCs (defined above) govern this Contract and are hereby incorporated by reference.  If you do not have a copy of those provisions, a copy will be provided to you upon request.  Where the provisions of the GTCs are inconsistent with the specific provisions contained in this Confirmation, the terms and conditions of this Confirmation shall govern.

The following amendment is made to the GTCs:  Except as expressly set forth herein, neither party shall ever be liable for any special, consequential, or indirect losses or damages resulting from the sale, purchase, exchange, transportation or delivery of products under this Contract or for any punitive, exemplary, lost profits, statutory or multiple damages, all of which damages are expressly excluded and limited under this Contract. 

ADDRESSES:        The following address shall be used for notices under this Contract.

To SELLER                        To BUYER
	
		
	GREEN RIVER PROCESSING, LLC
19100 RIDGEWOOD PKWY
San Antonio, Texas 78259-1828

Attn: Commercial Contract Administration
Phone # 1-210-626-4459
Fax # 1-210-579-4578

	Tesoro Refining & Marketing Company LLC
19100 RIDGEWOOD PKWY
San Antonio, Texas 78259-1828

Attn: Commercial Contract Administration
Phone # 1-210-626-6529   
Fax # 1-210-579-4578

ADDITIONAL BUYER CONTACTS:

	
			
	OPERATIONS
	Crude Scheduling
	Phone: (303) 454-6600 Fax: (210) 745-4565
Email: Denverops@tsocorp.com and
sat-crudescheduling@tsocorp.com

	CREDIT
	Customer Service
	Phone: (877) 876-7297 Fax: (210) 626-4048
Email: CREDSAT@tsocorp.com

	ACCOUNTING
	Mid-Office Accounting
	Phone: (210) 881-6435
Email: sat-tsocrudeinvoices@tsocorp.com

INTERNATIONAL TRADE COMPLIANCE: 
Direct questions for international shipments to appropriate person below:

Pipeline Imports    Kevin Wilder        Phone: (210) 626-4843    Cell: (210) 823-5220
Marine Imports    Suzanne Saenz    Phone: (210) 626-6127    Cell: (210) 979-1104
Exports        Kevin Wilder        Phone: (210) 626-4843    Cell: (210) 823-5220

[Signature Page Follows]

	
			
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COUNTERPARTS:  This Contract may be executed in one or more counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same instrument.  Delivery of an executed signature page of this Contract by facsimile or electronic transmission (.pdf) shall be effective as delivery of a manually executed counterpart hereof.

		
	GREEN RIVER PROCESSING, LLC
	TESORO REFINING & MARKETING COMPANY LLC

BY:_____________________________        BY:______________________________
NAME: ________________________        NAME:____________________________
TITLE:  ________________________        TITLE:____________________________

	
			
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