Marathon Petroleum (MPC) 10-K2020 FY Annual report

Filed: 26 Feb 21, 8:25am

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Removed: acreage, affiliate, allocating, Antero, Ashland, ASR, attendant, attorney, averaged, balanced, begin, breakdown, buying, canceled, capability, capable, categorical, cavern, cellulosic, center, chairman, coercive, compressed, consecutive, Cornerstone, corollary, cover, curtailing, declaratory, deduction, deed, DEI, denial, disciplined, discovered, disgorgement, dispute, disputing, Donald, drawn, dry, earnout, efficient, effluent, ELG, eliminate, employment, enabled, Enbridge, enhancing, entrance, espionage, ETCOP, ETP, extinguishment, farm, fell, financially, Flying, footprint, formation, FPAA, fractionator, Gary, hardening, Heminger, Hopedale, horsepower, ICR, immune, intact, introduced, intrusion, lawsuit, liable, manufacturing, Mcf, mmbpcd, modernizing, moved, Obama, optionality, originating, Ozark, permanently, petition, phantom, pipe, pledge, pose, posting, presence, profit, proposal, reached, recovering, registration, regular, reliable, rescinded, resiliency, restitution, restrain, retrofitted, reviewing, ruling, Sauber, seller, shared, shift, size, slightly, Speedy, stewardship, subjected, succeed, SXL, TCJA, technical, temperature, Templin, tonnage, transitional, unfair, unreasonably, upgrade, upgrading, vigorously, Virginia, Washington, wastewater, Wehrly, Whikehart, withdraw, Wood

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October 16, 2020

7-Eleven, Inc.

3200 Hackberry Road

Irving, Texas 75063

Attention: Vice President, Mergers & Acquisitions and Senior Counsel, Mergers & Acquisitions

Re: Deadline to Deliver Basis Information

Ladies and Gentlemen:

Reference is made to that certain Purchase and Sale Agreement dated as of August 2, 2020 (the “Agreement”), by and among the entities set forth on Schedule I thereto, Marathon Petroleum Corporation, a Delaware corporation, and 7-Eleven, Inc., a Texas corporation (“Buyer”). Capitalized terms used but not defined herein have the meanings ascribed to them in the Agreement.

The third sentence of Section 5.16(g)(i) of the Agreement is hereby amended by deleting “seventy-five (75)” and inserting “ninety-six (96)” in lieu thereof.

For the avoidance of doubt, the Basis Information shall be timely delivered if it is delivered to Buyer on or before November 6, 2020.

Except as set forth herein, all of the terms and conditions of the Agreement remain unchanged and continue in full force and effect. All terms and conditions of the Agreement not in conflict with the terms of this letter agreement shall remain in full force and effect. On or after the date hereof, each reference in the Agreement to “this Agreement”, “herein”, “hereof”, “hereunder” or words of similar import shall mean and be a reference to the Agreement as amended hereby.

Article IX of the Agreement is incorporated herein mutatis mutandis.

[Remainder of page intentionally left blank; signature page follows]


Sincerely,

MPC INVESTMENT LLC

By:						/s/ Michael J. Hennigan
						Name: Michael J. Hennigan
						Title: President and Chief Executive Officer

ANDEAVOR LLC

By:						/s/ Donald C. Templin
						Name: Donald C. Templin
						Title: President

WESTERN REFINING SOUTHWEST, INC.

By:						/s/ Donald C. Templin
						Name: Donald C. Templin
						Title: Vice President

TESORO REFINING & MARKETING COMPANY LLC

By:						/s/ Donald C. Templin
						Name: Donald C. Templin
						Title: Vice President

NORTHERN TIER RETAIL HOLDINGS LLC

By:						/s/ Rick Linhardt
						Name: Rick Linhardt
						Title: Assistant Secretary


ACCEPTED AND AGREED:

7-ELEVEN, INC.

By:						/s/ Joseph M. DePinto
						Name: Joseph M. DePinto
						Title: President and Chief Executive Officer

[Signature Page to Side Letter re: Deadline to Deliver Basis Information]