Document:

EX-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 FIVE ASTERIKS (*****). 

Execution Version 

AMENDMENT to THE INVENTORY INTERMEDIATION AGREEMENT 

THIS AMENDMENT to THE INVENTORY INTERMEDIATION AGREEMENT (this “Amendment”), dated as of September 8, 2017, is made by
and between (i) J. Aron & Company LLC, a New York limited liability company (“Aron”) located at 200 West Street, New York, New York 10282-2198, and (ii) PBF Holding Company LLC (“PBFH”), jointly
and severally with its wholly-owned subsidiary, Paulsboro Refining Company LLC (“PRCLLC” and collectively with PBFH, “PRC”), both Delaware limited liability companies that have a place of business located at One
Sylvan Way, 2nd Floor, Parsippany, NJ 07054-3887 (each of Aron and PRC are referred to individually as a “Party” or collectively as the “Parties”). 

RECITALS 
 Aron and PRC are
parties to that certain Amended and Restated Inventory Intermediation Agreement dated as of May 29, 2015 (as from time to time amended prior to the date hereof, the “Agreement”) relating to the purchase by Aron from PRC (and
thereafter the sale by Aron to PRC) of the refined products specified on Schedules A and B to the Agreement upon the terms and conditions set forth therein; and 

Aron and PRC wish to amend the Agreement as hereinafter provided; 

Accordingly, the Parties hereby agree as follows: 

Article I. Definitions; Interpretation 

Section 1.01 Terms Defined in the Agreement. 

(a) Defined Terms. All capitalized terms used in this Amendment (including in the recitals hereto) and not otherwise
defined herein shall have the meanings assigned to them in the Agreement. 
 (b) Interpretation. The rules of
construction set forth in Sections 1.2, 1.3, 1.4 and 1.5 of the Agreement shall apply to this Amendment as if incorporated herein in full. 

Article II. Amendments to the Agreement 

Section 2.01 Amendment. Upon the effectiveness of this Amendment as provided in Section 3.04 hereof: 

(a) Sections 2.1, 2.2, 2.3 and 2.4 are hereby amended and restated in their entirety to read as follows: 

 

	 	2.1	 Initial Term. Subject to Section 2.8 below, this Agreement shall be effective as of the Restatement
Effective Date. The Parties acknowledge and agree that (i) the 

	 	
Original Agreement became effective on June 26, 2013, (ii) the Commencement Date occurred, (iii) the Inventory Volumes at the end of the Initial Term as defined in the Original
Agreement will carry over to the effective time of this Agreement, (iv) all conditions precedent and all other provisions related to the inception of the Original Agreement even if repeated in this Agreement have previously been satisfied or
waived, and (v) the Actual Setup Fee has been paid. This Agreement constitutes a continuation of the term of the Original Agreement under the amended and restated terms hereof, which term shall continue from the Restatement Effective Date until
December 31, 2019 at 11:59:59 p.m. EPT (the “Initial Term”); provided, however, that this Agreement is subject to earlier termination as provided in Sections 2.3, 2.4 and 2.5. 

 

	 	2.2	Renewal Term. As of the expiration of the Initial Term, PRC and Aron may, by mutual agreement and no less than 180 days prior to the expiration of the Initial Term, renew this Agreement for one additional
one-year term until December 31, 2020 at 11:59:59 p.m. EPT (or such longer term as may be agreed to by PRC and Aron) (the “Renewal Term”). 

  

	 	2.3	 Specified Early Termination Rights. In addition to the termination rights in Section 2.4 and 2.5, PRC
may, at its option and in its sole discretion, by providing no less than 60 days’ prior written notice to Aron, to be effective at 11:59:59 p.m. EPT on July 1, 2018 or, if later, at 11:59:59 p.m. EPT on the first day of the month
immediately following the month during which such 60-day notice period expires (unless such 60-day notice period expires on the first day of a month, in which event such termination will be effective on such day) (but no later than January 1,
2019), terminate this Agreement, in which case this Agreement shall terminate in its entirety and the Specified Early Termination Fee will be due and payable by PRC to the extent applicable as set forth in Section 3.8.7 as part of the Step-out
Payment Amount; provided that if the Related Agreement remains outstanding at the time such notice is given, such termination notice shall not be effective unless, (i) DCRC (with PBFH) has concurrently elected to exercise its right to terminate
the Related Agreement pursuant to Section 2.3 or 2.4 thereof (in which case, the Specified Early Termination Fee or Early Termination Fee (as applicable) as provided for thereunder would become due) or (ii) Aron has agreed to the
continuation of the Related Agreement following such early termination of this Agreement (in which case, no “Specified Early Termination Fee” or “Early Termination Fee” will be due under this Agreement or pursuant to
Section 2.3 or 2.4 of the Related Agreement at such time). 2.4 General Early Termination Right. In addition to the termination rights in Section 2.3 and 2.5, PRC may, at its option and in its sole discretion, by providing no less
than 60 days’ prior written notice to Aron, to be effective at 11:59:59 p.m. EPT on January 1, 2019 or, if later, at 11:59:59 p.m. EPT on the first day of the month immediately following the month during which such 60-day notice period
expires (unless such 60-day notice period expires on the first day of a month, in which event such termination will be effective on such day), terminate this Agreement, in which case this Agreement shall terminate in its entirety and the Early
Termination Fee will be due and payable by PRC to the extent applicable as set forth in Section 3.8.8 as 

  
 2 

	 	
part of the Step-out Payment Amount; provided that if the Related Agreement remains outstanding at the time such notice is given, such termination notice shall not be effective unless
(i) DCRC (with PBFH) has concurrently elected to exercise its right to terminate the Related Agreement pursuant to Section 2.4 thereof (in which case, the Early Termination Fee as provided for thereunder would become due to the extent
applicable) or (ii) Aron has agreed to the continuation of the Related Agreement following such early termination of this Agreement (in which case, no “Early Termination Fee” will be due under this Agreement or pursuant to
Section 2.4 of the Related Agreement at such time). 

 (b) Sections 3.8.7 and 3.8.8 are hereby amended and
restated in their entirety to read as follows: 
  

	 	3.8.7	PRC agrees to pay Aron, only if this Agreement is terminated in its entirety pursuant to Section 2.3 on or prior to January 1, 2019 at 11:59:59 p.m. EPT (to the extent applicable under Section 2.3), an
amount equal to the product of: (a) the amount calculated as the sum of, for each Product Group, the product of (i) the Actual Step-out Inventory Product Benchmark and (ii) the Maximum Inventory and (b) the Specified Early
Termination Margin (the “Specified Early Termination Fee”). 

  

	 	3.8.8	PRC agrees to pay Aron, only if this Agreement is terminated in its entirety pursuant to Section 2.4 on or prior to December 31, 2019 at 11:59:59 p.m. EPT, but after January 1, 2019 at 11:59:59 p.m. EPT
(to the extent applicable under Section 2.4), an amount equal to the product of: (a) the amount calculated as the sum of, for each Product Group, the product of (i) the Actual Step-out Inventory Product Benchmark and (ii) the
Maximum Inventory, (b) the Early Termination Margin and (c) a fraction, the numerator of which is the number of days between the date of such early termination and December 31, 2019 and the denominator of which is 365 (the
“Early Termination Fee”). 

 (c) Section 18.5.1 is hereby amended and restated in
its entirety to read as follows: 
  

	 	18.5.1	 Notwithstanding any other provision of this Agreement, if the Performing Party terminates this Agreement pursuant
to Section 18.3.3, the Performing Party shall have the right, immediately and for 60 days thereafter, to terminate any other contract or agreement that may then be outstanding among the Parties that relates specifically to this Agreement,
including any Transaction Document and, subject to Section18.5.2, to liquidate and terminate any or all rights and obligations under this Agreement; provided that, in the event Aron is the Performing Party, this Agreement shall not be deemed to have
terminated in full until Aron shall have disposed of all of the Aron Inventory (but in any event within 60 days thereafter); and provided further that such 60 day period shall be extended to the extent that the Performing Party is subject to or
required to comply with the order of any court of competent jurisdiction that limits its ability to exercise such rights or remedies or if the exercise of such rights or remedies is impracticable due to

  
 3 

	 	
circumstances beyond the Performing Party’s reasonable control (which, with the exercise of due diligence, such Party cannot avoid or overcome). The “Settlement Amount” shall mean
the amount, expressed in U.S. Dollars, of all actual, reasonable losses and costs that are incurred by the Performing Party (expressed as a positive number) or gains that are realized by the Performing Party (expressed as a negative number) as a
result of the liquidation and termination of all rights and obligations under this Agreement, each determined in a commercially reasonable manner. The determination of the Settlement Amount shall include (without duplication): (w) for any
Specified Period designated by PRC or otherwise established pursuant to the provisions of Schedule F prior to the Early Termination Date that ends after such Early Termination Date, the net present values as of the Early Termination Date of the
Inventory Intermediation Roll Fees that would have become due as of the end of such Specified Period absent the early termination (where the discount rate to be used in the net present value calculation shall be equal to LIBOR plus the Applicable
Margin), (x) all Specified Unwind Costs (as determined with respect to all Corresponding Futures and aggregated into a net amount), (y) the actual, reasonable losses and costs (or gains) incurred or realized by the Performing Party to the
extent it elects to dispose of any Product inventories maintained for purposes of this Agreement and (z) if such termination occurs prior to December 31, 2019 and Aron is the Performing Party, the net present value of any Specified Early
Termination Fee or Early Termination Fee that would have been payable to Aron pursuant to Section 3.8.7 or 3.8.8, respectively, as a result of an early termination under Section 2.3 or 2.4 of this Agreement (and the discount rate to be
used in the net present value calculation shall be equal to LIBOR plus the Applicable Margin), except that if such termination occurs prior to July 1, 2018 the Specified Early Termination Fee shall be calculated in the same manner as under
Section 3.8.7 except that the Default Early Termination Margin shall be used in place of the Specified Early Termination Margin. If the Settlement Amount is a positive number it shall be due to the Performing Party and if it is a negative
number, the absolute value thereof shall be due to the Defaulting Party. 

 (d) Schedules A and I to the
Agreement are hereby replaced in their entirety with the Schedules A and I attached hereto. 
 Article III. Miscellaneous 

Section 3.01 Agreement Otherwise Not Affected; Other Transaction Documents. 

(a) Except for the amendments pursuant hereto, the Agreement remains unchanged. As amended pursuant hereto, the Agreement
remains in full force and effect and is hereby ratified and confirmed in all respects. The execution and delivery of, or acceptance of, this Amendment and any other documents and instruments in connection herewith by a Party shall not be deemed to
create a course of dealing or otherwise create any express or implied duty by it to provide any other or further amendments, consents or waivers in the future. 

  
 4 

 (b) PRC confirms that the other Transaction Documents continue to be in full
force and effect, subject in the case of the Fee Letter to its amendment and restatement as contemplated by Section 3.04(b) below. 

Section 3.02 No Reliance. Each Party hereby acknowledges and confirms that it is executing this Amendment on the basis of its own
investigation and for its own reasons without reliance upon any agreement, representation, understanding or communication by or on behalf of any other Person. 

Section 3.03 Costs and Expenses. Each Party shall be responsible for any costs and expenses incurred by such Party in connection
with the negotiation, preparation, execution and delivery of this Amendment and any other documents to be delivered in connection herewith. 

Section 3.04 Effectiveness; Binding Effect. 

(a) In connection with the execution, and as a condition to the effectiveness, of this Amendment, Aron and PBFH are entering
into an amended and restated Fee Letter dated as of the date hereof, which shall constitute the “Fee Letter” under the Agreement. 

(b) This Amendment shall be binding upon, inure to the benefit of and be enforceable by PRC, Aron and their respective
successors and assigns as of the date on which it has been executed by each of the Parties hereto. 
 Section 3.05 Governing Law;
Disputes; Jurisdiction. Section 22 of the Agreement (Governing Law & Disputes) shall apply to this Amendment as if incorporated herein in full. 

Section 3.06 Counterparts. This Amendment may be executed by the Parties in separate counterparts and all such counterparts shall
together constitute one and the same instrument. In the event that any signature is delivered by facsimile or electronic transmission, such signature shall create a valid and binding obligation of the Party executing (or on whose behalf the
signature is executed) the same with the same force and effect as if such facsimile or electronic signature page were an original thereof. 

Section 3.07 Entire Agreement; Amendments. The Agreement, as amended by and together with this Amendment, constitutes the entire
agreement of the Parties regarding the matters contemplated herein and therein or related hereto and thereto and no representations or warranties shall be implied or provisions added hereto or thereto in the absence of a written agreement to such
effect between the Parties. The Agreement, as amended by and together with this Amendment, may not be altered, amended, modified or otherwise changed in any respect except by a writing duly executed by an authorized representative of each Party and
no representations or warranties shall be implied or terms added in the absence of a writing signed by both Parties. No promise, representation or inducement has been made by either Party that is not embodied in the Agreement, as amended by and
together with this Amendment, and neither Party shall be bound by or liable for any alleged representation, promise or inducement not so set forth. 

[Remainder of Page Intentionally Left Blank] 

  
 5 

 IN WITNESS WHEREOF, the Parties hereto have duly executed this Amendment to the Agreement as of
the date first above written. 
  

			
	J. ARON & COMPANY LLC

 
			
		
	By:	 	/s/ Simon Collier
	Name: 	 	 
	Title:	 	 

 
			
	
	PAULSBORO REFINING COMPANY LLC

 
			
		
	By:	 	/s/ Thomas O’Connor
	Name: 	 	Thomas O’Connor
	Title:	 	Senior Vice President, Commercial

 
			
	
	PBF HOLDING COMPANY LLC

 
			
		
	By:	 	/s/ Thomas O’Connor
	Name: 	 	Thomas O’Connor
	Title:	 	Senior Vice President, Commercial

 [Amendment Signature Page] 

 Schedule A 

See attached. 

 Schedule I 

See attached. 

 SCHEDULE A 

Products List 
  

							
	 	 	 PBF Corporate Standard
	  	 Product Group
	  	 
		 	CGO	  	Distillate	  	
		 	Diesel-Strtrun	  	Distillate	  	
		 	Distillate Blendstk	  	Distillate	  	
		 	HCO	  	Distillate	  	
		 	JET A	  	Distillate	  	
		 	Jet A FTZ	  	Distillate	  	
		 	Kerosene	  	Distillate	  	
		 	Kerosene ULS	  	Distillate	  	
		 	Kerosene-Strtrun	  	Distillate	  	
		 	Kerosene-Strtrun Receipts	  	Distillate	  	
		 	LCO	  	Distillate	  	
		 	LCO Receipts	  	Distillate	  	
		 	LGO	  	Distillate	  	
		 	LGO Receipts	  	Distillate	  	
		 	No 2 HO	  	Distillate	  	
		 	No 2 HO 2000 UD	  	Distillate	  	
		 	No 2 LSD 500	  	Distillate	  	
		 	No 2 LSHO 500	  	Distillate	  	
		 	No 2 ULSD	  	Distillate	  	
		 	No 2 LSHO 500 UD	  	Distillate	  	
		 	No 2 ULSD 15	  	Distillate	  	
		 	No 2 ULSD 15 Exp	  	Distillate	  	
		 	No 2 ULSHO 15	  	Distillate	  	
		 	Untreated Dist Blendstk	  	Distillate	  	
		 	ALKYLATE	  	Gasoline	  	
		 	Alkylate Receipts	  	Gasoline	  	
		 	CBOB Prm	  	Gasoline	  	
		 	CBOB Prm 12.9#	  	Gasoline	  	
		 	CBOB Prm 13.5#	  	Gasoline	  	
		 	CBOB Prm 14.5#	  	Gasoline	  	
		 	CBOB Prm 15.0#	  	Gasoline	  	
		 	CBOB Prm 7.8#	  	Gasoline	  	
		 	CBOB Prm 9.0#	  	Gasoline	  	
		 	CBOB Reg	  	Gasoline	  	
		 	CBOB Reg 10.0#	  	Gasoline	  	

 
							
		 	CBOB Reg 12.9#	  	Gasoline	  	
		 	CBOB Reg 13.5#	  	Gasoline	  	
		 	CBOB Reg 14.5#	  	Gasoline	  	
		 	CBOB Reg 15.0#	  	Gasoline	  	
		 	CBOB Reg 7.8#	  	Gasoline	  	
		 	CBOB Reg 9.0#	  	Gasoline	  	
		 	Cnv Reg	  	Gasoline	  	
		 	Gasoline Blendstk	  	Gasoline	  	
		 	Gasoline Blendstk Receipts	  	Gasoline	  	
		 	Gasoline-Cat	  	Gasoline	  	
		 	Gasoline-Hvy Cat	  	Gasoline	  	
		 	Gasoline-Lt Cat	  	Gasoline	  	
		 	Gasoline-Lt Strtrun	  	Gasoline	  	
		 	Gasoline-Poly	  	Gasoline	  	
		 	Naphtha	  	Gasoline	  	
		 	Naphtha Shipments	  	Gasoline	  	
		 	Naphtha-Hvy Cat	  	Gasoline	  	
		 	Naphtha-Hvy Coker	  	Gasoline	  	
		 	Naphtha-Lt Cat	  	Gasoline	  	
		 	PBOB Prem	  	Gasoline	  	
		 	PBOB Prm	  	Gasoline	  	
		 	PBOB Prm 11.5#	  	Gasoline	  	
		 	PBOB Prm 13.5#	  	Gasoline	  	
		 	PBOB Prm 15.0#	  	Gasoline	  	
		 	PBOB Prm V1	  	Gasoline	  	
		 	PBOB Prm V2	  	Gasoline	  	
		 	Raffinate	  	Gasoline	  	
		 	RBOB Reg	  	Gasoline	  	
		 	RBOB Reg	  	Gasoline	  	
		 	RBOB Reg 11.5#	  	Gasoline	  	
		 	RBOB Reg 13.5#	  	Gasoline	  	
		 	RBOB Reg 15.0#	  	Gasoline	  	
		 	RBOB Reg V1	  	Gasoline	  	
		 	RBOB Reg V2	  	Gasoline	  	
		 	REFORMATE	  	Gasoline	  	
		 	Reformate Receipts	  	Gasoline	  	
		 	Reformate-Hvy	  	Gasoline	  	
		 	Reformate-Lt	  	Gasoline	  	

 
							
		 	Untreated Gasoline Blendstk	  	Gasoline	  	
		 	318 Furf Ext	  	Lube	  	
		 	339 Furf Ext	  	Lube	  	
		 	Lube Basestock	  	Lube	  	
		 	Lube Basestock - VP	  	Lube	  	
		 	Lube Distillate	  	Lube	  	
		 	Lube Extract	  	Lube	  	
		 	Lube Raffinate	  	Lube	  	
		 	Lube Stocks	  	Lube	  	
		 	LUBEEXT-130	  	Lube	  	
		 	STK 318	  	Lube	  	
		 	STK 339	  	Lube	  	
		 	STK 345	  	Lube	  	
		 	STK 6154	  	Lube	  	
		 	STK 6154T	  	Lube	  	
		 	STK 6336	  	Lube	  	
		 	STK6051	  	Lube	  	
		 	STK6287	  	Lube	  	
		 	STK6329EXP	  	Lube	  	
		 	ValAro 100	  	Lube	  	
		 	ValAro 130A	  	Lube	  	
		 	ValAro 165NC	  	Lube	  	
		 	ValAro 220	  	Lube	  	
		 	ValAro 45	  	Lube	  	
		 	ValAro 500NC	  	Lube	  	
		 	ValAro 700NC	  	Lube	  	
		 	VP 100	  	Lube	  	
		 	VP 150BS	  	Lube	  	
		 	VP 165	  	Lube	  	
		 	VP 200	  	Lube	  	
		 	VP 230i	  	Lube	  	
		 	VP 250	  	Lube	  	
		 	VP 300	  	Lube	  	
		 	VP 300i	  	Lube	  	
		 	VP 325	  	Lube	  	
		 	VP 330i	  	Lube	  	
		 	VP 340i	  	Lube	  	
		 	VP 350	  	Lube	  	

 
							
		 	VP 350i	  	Lube	  	
		 	VP 400i	  	Lube	  	
		 	VP 500	  	Lube	  	
		 	VP 500i	  	Lube	  	
		 	VP 600i	  	Lube	  	
		 	VP 610	  	Lube	  	
		 	VP 700	  	Lube	  	
		 	VP 850M	  	Lube	  	

 SCHEDULE I 

See attached. 

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 *****EX-10.2

 Exhibit 10.2 

Execution Version 

AMENDMENT to THE INVENTORY INTERMEDIATION AGREEMENT 

THIS AMENDMENT to THE INVENTORY INTERMEDIATION AGREEMENT (this “Amendment”), dated as of September 8, 2017, is made by
and between (i) J. Aron & Company LLC, a New York limited liability company (“Aron”) located at 200 West Street, New York, New York 10282-2198, and (ii) PBF Holding Company LLC (“PBFH”), jointly
and severally with its wholly-owned subsidiary, Delaware City Refining Company LLC (“DCRC” and collectively with PBFH, “DCR”), both Delaware limited liability companies that have a place of business located at One
Sylvan Way, 2nd Floor, Parsippany, NJ 07054-3887 (each of Aron and DCR are referred to individually as a “Party” or collectively as the “Parties”). 

RECITALS 
 Aron and DCR are
parties to that certain Amended and Restated Inventory Intermediation Agreement dated as of May 29, 2015 (as from time to time amended prior to the date hereof, the “Agreement”) relating to the purchase by Aron from DCR (and
thereafter the sale by Aron to DCR) of the refined products specified on Schedules A and B to the Agreement upon the terms and conditions set forth therein; and 

Aron and DCR wish to amend the Agreement as hereinafter provided; 

Accordingly, the Parties hereby agree as follows: 

Article I. Definitions; Interpretation 

Section 1.01 Terms Defined in the Agreement. 

(a) Defined Terms. All capitalized terms used in this Amendment (including in the recitals hereto) and not otherwise
defined herein shall have the meanings assigned to them in the Agreement. 
 (b) Interpretation. The rules of
construction set forth in Sections 1.2, 1.3, 1.4 and 1.5 of the Agreement shall apply to this Amendment as if incorporated herein in full. 

Article II. Amendments to the Agreement 

Section 2.01 Amendment. Upon the effectiveness of this Amendment as provided in Section 3.04 hereof, Section 2.4 is
hereby amended and restated in their entirety to read as follows: 
  

	 	2.4	 General Early Termination Right. In addition to the termination rights in Section 2.3 and 2.5, DCR
may, at its option and in its sole discretion, by providing no less than 60 days’ prior written notice to Aron, to be effective at 11:59:59 p.m. EPT on July 1, 2018 or, if later, at 11:59:59 p.m. EPT on the first day of the month
immediately following the month during which such 60-day notice period expires (unless such 60-day notice period expires on the first day of a month, in which 

	 	
event such termination will be effective on such day), terminate this Agreement, in which case this Agreement shall terminate in its entirety and the Early Termination Fee will be due and payable
by DCR to the extent applicable as set forth in Section 3.8.8 as part of the Step-out Payment Amount; provided that if the Related Agreement remains outstanding at the time such notice is given, such termination notice shall not be effective
unless (i) PRCLLC (with PBFH) has concurrently elected to exercise its right to terminate the Related Agreement pursuant to Section 2.4 thereof (in which case, the Specified Early Termination Fee or Early Termination Fee (as applicable) as
provided for thereunder would become due to the extent applicable) or (ii) Aron has agreed to the continuation of the Related Agreement following such early termination of this Agreement (in which case, no “Specified Early Termination
Fee” or “Early Termination Fee” will be due under this Agreement or pursuant to Section 2.3 or 2.4 of the Related Agreement at such time). 

Article III. Miscellaneous 

Section 3.01 Agreement Otherwise Not Affected; Other Transaction Documents. 

(a) Except for the amendments pursuant hereto, the Agreement remains unchanged. As amended pursuant hereto, the Agreement
remains in full force and effect and is hereby ratified and confirmed in all respects. The execution and delivery of, or acceptance of, this Amendment and any other documents and instruments in connection herewith by a Party shall not be deemed to
create a course of dealing or otherwise create any express or implied duty by it to provide any other or further amendments, consents or waivers in the future. 

(b) DCR confirms that the other Transaction Documents continue to be in full force and effect, subject in the case of the Fee
Letter to its amendment and restatement as contemplated by Section 3.04(b) below. 
 Section 3.02 No Reliance. Each Party
hereby acknowledges and confirms that it is executing this Amendment on the basis of its own investigation and for its own reasons without reliance upon any agreement, representation, understanding or communication by or on behalf of any other
Person. 
 Section 3.03 Costs and Expenses. Each Party shall be responsible for any costs and expenses incurred by such Party in
connection with the negotiation, preparation, execution and delivery of this Amendment and any other documents to be delivered in connection herewith. 

Section 3.04 Effectiveness; Binding Effect. 

(a) In connection with the execution, and as a condition to the effectiveness, of this Amendment, Aron and PBFH are entering
into an amended and restated Fee Letter dated as of the date hereof, which shall constitute the “Fee Letter” under the Agreement. 

  
 2 

 (b) This Amendment shall be binding upon, inure to the benefit of and be
enforceable by DCR, Aron and their respective successors and assigns as of the date on which it has been executed by each of the Parties hereto. 

Section 3.05 Governing Law; Disputes; Jurisdiction. Section 22 of the Agreement (Governing Law & Disputes) shall
apply to this Amendment as if incorporated herein in full. 
 Section 3.06 Counterparts. This Amendment may be executed by the
Parties in separate counterparts and all such counterparts shall together constitute one and the same instrument. In the event that any signature is delivered by facsimile or electronic transmission, such signature shall create a valid and binding
obligation of the Party executing (or on whose behalf the signature is executed) the same with the same force and effect as if such facsimile or electronic signature page were an original thereof. 

Section 3.07 Entire Agreement; Amendments. The Agreement, as amended by and together with this Amendment, constitutes the entire
agreement of the Parties regarding the matters contemplated herein and therein or related hereto and thereto and no representations or warranties shall be implied or provisions added hereto or thereto in the absence of a written agreement to such
effect between the Parties. The Agreement, as amended by and together with this Amendment, may not be altered, amended, modified or otherwise changed in any respect except by a writing duly executed by an authorized representative of each Party and
no representations or warranties shall be implied or terms added in the absence of a writing signed by both Parties. No promise, representation or inducement has been made by either Party that is not embodied in the Agreement, as amended by and
together with this Amendment, and neither Party shall be bound by or liable for any alleged representation, promise or inducement not so set forth. 

[Remainder of Page Intentionally Left Blank] 

  
 3 

 IN WITNESS WHEREOF, the Parties hereto have duly executed this Amendment to the Agreement as of
the date first above written. 
  

			
	J. ARON & COMPANY LLC

 
			
		
	By:	 	/s/ Simon Collier
	Name: 	 	 
	Title:	 	 

  

			
	DELAWARE CITY REFINING COMPANY LLC

 
			
		
	By:	 	/s/ Thomas O’Connor
	Name: 	 	Thomas O’Connor
	Title:	 	Senior Vice President, Commercial

  

			
	PBF HOLDING COMPANY LLC

 
			
		
	By:	 	/s/ Thomas O’Connor
	Name: 	 	Thomas O’Connor
	Title:	 	Senior Vice President, Commercial

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]